Document:

f8k110609ex10x_perf.htm

    Exhibit 10.10

     

    
      	
              PERF
      GO GREEN, INC

            
	
              SCHEDULE
      OF DEBENTURE HOLDERS - PRINCIPAL and INTEREST

            
	
               

            	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
               

            	
               

            	 
      	
              REMAINING

            	
              SHARES

            	
              WARRANTS
      100%

            
	 
      	 
      	 
      	
                    
                REMAINING

              

            	
               

            	
               

            	
              DEBENTURE

            	
              DEBENTURE

            	
              DEBENTURE

            
	
              NOTEHOLDERS

            	
              DATE

            	
                    
                DEBENTURE
 BALANCE

            	
                    
                ACCRUED
 INT

            	
                    
                ACCRUED
 INT

            	
              BALANCE
      

              plus

            	
              BALANCE
      plus

            	
              BALANCE
      plus

            
	 
      	 
      	 
      	
              30-Jun-09

            	
              30-Jun-09

            	
              15-Oct-09

            	
              INTEREST

            	
              INTEREST

            	
              INTEREST

            
	
              Dr.
      Eric Sadah  &  Mrs. Mikal Dror

            	
              May
      13, 2008

            	
              $50,000.00

            	
              $2,069.44

            	
              $1,486.11

            	
              $53,555.56

            	
              535,556

            	
              535,556

            
	
              Bhansali
      Equities

            	
              May
      13, 2008

            	
              $500,000.00

            	
              $20,694.44

            	
              $14,861.11

            	
              $535,555.56

            	
              5,355,556

            	
              5,355,556

            
	
              Semper
      Gestion

            	
              CEO  Karr

            	
              May
      13, 2008

            	
              $1,500,000.00

            	
              $62,083.33

            	
              $44,583.33

            	
              $1,606,666.67

            	
              16,066,667

            	
              16,066,667

            
	
              Mr.
      Steve

            	
              Wechsler
      (E.G.G. Pension)

            	
              May
      13, 2008

            	
              $100,000.00

            	
              $4,138.89

            	
              $2,972.22

            	
              $107,111.11

            	
              1,071,111

            	
              1,071,111

            
	
              Whalehaven
      Capital Fund Limited

            	
              June
      10, 2008

            	
              $140,471.25

            	
              $4,721.39

            	
              $4,175.12

            	
              $149,367.76

            	
              1,493,678

            	
              1,493,678

            
	
              Brio
      Capital L.P.

            	
              June
      10, 2008

            	
              $100,000.00

            	
              $3,750.00

            	
              $3,076.39

            	
              $106,826.39

            	
              1,068,264

            	
              1,068,264

            
	
              Excalibur
      Special Opportunity Fund L.P. (Canaccord)

            	
              June
      10, 2008

            	
              $175,000.00

            	
              $5,881.94

            	
              $5,201.39

            	
              $186,083.33

            	
              1,860,833

            	
              1,860,833

            
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
              TOTAL

            	 
      	 
      	
              $2,565,471.25

            	
              $103,339.45

            	
              $76,355.67

            	
              $2,745,166.37

            	
              27,451,664

            	
              27,451,664ex10_1.htm

    Exhibit
10.1

     

    

     

    Robert E.
Swanson

    Chairman

    

    

    
      	 
      	
              July
      31, 2009

            

    

    

    

    

    Randall
D. Holmes

     

    
    

    
      	
              Re:    
      

            	
              Ridgewood
      Renewable Power LLC

              Senior
      Executive Bonus Plan

            

    

    

    Dear
Randy:

    

    Under
Section 2 (a) of the Ridgewood Renewable Power LLC Senior Executive Bonus Plan,
a "Qualified Transaction" is defined as "an RRP Asset Disposition or a Trust
Asset Disposition that is consummated pursuant to a definitive purchase and sale
agreement executed and delivered by all the parties thereto on or prior to June
30, 2009."

    

    Since
some of the contemplated transactions that we are working on have been delayed,
this letter will confirm that the date under the Senior Executive Bonus Plan is
being extended by deleting the "June 30, 2009" phrase and inserting the phrase
"December 31, 2009" in lieu thereof. Except for this amendment, the other
provisions of the Senior Executive Bonus Plan remain in effect as
written.

    

    Please
sign this letter in the space indicated below and return it to me to confirm
this extension and your continued participation in the Plan.

    

    
      	 
      	 
      	
              Sincerely
      yours,

            	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
              /s/
      Robert E. Swanson

            	 
      
	
              Agreed:

            	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              /s/
      Randall D. Holmes

            	 
      	
              August
      1, 2009

            	 
      
	
              Randall
      D. Holmes

            	 
      	 
      	 
      

    

    

    

    

    

    947
Linwood Avenue, Ridgewood, New Jersey 07450 • T: (201)447-9000 F:
(201)447-0474ex10_1.htm

  
    Exhibit
10.1

     

    AMENDMENT
NO. 2

     

    TO
NOTE EXCHANGE AND OPTION AGREEMENT

    

     

    This
AMENDMENT NO. 1 to the NOTE EXCHANGE AND OPTION AGREEMENT is entered into as of
September 30, 2009 (this “Amendment”) by and among
KEYWIN HOLDINGS LIMITED, a British Virgin Islands company (“Keywin”), and NETWORK CN INC.,
a Delaware corporation (the “Company”).  Each of
the parties hereto are referred to as a “Party” and collectively as the
“Parties.”  Capitalized
terms used, but not otherwise defined, herein have the meanings ascribed to such
terms in the Original Agreement (as defined below).

     

    BACKGROUND

     

    The
Parties entered into a Note Exchange and Option Agreement, dated as of April 2,
2009, as amended by Amendment No. 1 to Note Exchange and Option Agreement, dated
as of July 1, 2009 (together, the “Original Agreement”), pursuant
to which the Company (a) issued 307,035,463 shares of its common stock, par
value $0.001 per share in exchange for certain notes payable by the Company held
by Keywin and (b) agreed to grant Keywin an option (the “Option”) to purchase from the
Company an aggregate of 122,814,185 shares of the Common Stock for an aggregate
purchase price of $2,000,000, exercisable within 6 months after April 2,
2009.  The Parties now desire to enter into this Amendment to modify
the terms of the Original Agreement as more specifically set forth
herein.

     

    AGREEMENT

     

    NOW,
THEREFORE, in consideration of the mutual promises of the Parties, and for good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree as follows:

     

    1.       
 Amendment to Exercise
Period: Subsection (a) of Section 2, of the Original Agreement is deleted
in its entirety and in lieu thereof the following provision is
inserted:

     

    (a)         
For a
nine (9) month period commencing on the Closing Date (the “Exercise Period”), the
Noteholder shall have the right to purchase from the Company an aggregate of
122,814,185 shares of the Common Stock for an aggregate purchase price of
$2,000,000 (the “Purchase
Price”).  The Option may be exercised by the Noteholder at any
time during the Exercise Period by giving written notice to the
Company.

    

    2.       
 Agreement.  In
all other respects, the Original Agreement shall remain in full force and
effect.

     

    3.       
 Counterparts.  This
Amendment may be executed in two or more counterparts, each of which shall be
deemed an original but all of which together shall constitute one and the same
instrument.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the
date first above written.

     

    
      
        	 
      	
                NETWORK
      CN INC.

              
	 
      	 
      
	 
      	 
      
	 
      	
                By
      

              	/s/
      Godfrey Hui
	 
      	
                Name:
      Godfrey Hui

              
	 
      	
                Title:
      Director and Deputy CEO

              
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	
                KEYWIN
      HOLDINGS LIMITED

              
	 
      	 
      
	 
      	 
      
	 
      	
                By
      

              	/s/
      Earnest Leung
	 
      	
                Name:
      Earnest Leung

              
	 
      	
                Title:
      Director

              

      

    

     

     

     

     

    Amendment No. 2 Note
Exchange and Option Agreement

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