Document:

MGPI 9.30.2014 Ex 10.3

MGP INGREDIENTS, INC.
AGREEMENT AS TO AWARD OF RESTRICTED STOCK UNITS
GRANTED UNDER THE 
2014 EQUITY INCENTIVE PLAN

Date of Grant ("Date of Grant"):    
In accordance with and subject to the terms and restrictions set forth in the MGP Ingredients, Inc. 2014 Equity Incentive Plan (the "Plan") and this Agreement, MGP INGREDIENTS, INC., a Kansas corporation (the "Company"), hereby grants to the employee participant named below (the "Participant") the number of Restricted Stock Units set forth below:
Participant:     
Number of Restricted Stock Units Awarded:         
NOW, THEREFORE, the Company and the Participant hereby agree to the following terms and conditions:
		
	1.
	Definitions. Unless otherwise defined in this Agreement, defined terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan.

		
	2.
	Construction. Captions and titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision of this Agreement.  Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular.  Use of the term "or" is not intended to be exclusive, unless the context clearly requires otherwise.

		
	3.
	Issuance of Restricted Stock Units. Pursuant to action of the Board of Directors of the Company, as of the Date of Grant, the Company awards to the Participant the number of Restricted Stock Units identified above; provided, however, that the Restricted Stock Units hereby awarded are nontransferable by the Participant during the Vesting Period (defined below in Section 5).  The Restricted Stock Units are being issued by the Company to the Participant as a Restricted Stock Unit award pursuant to the terms and provisions of the Plan, a true copy of which is attached hereto as Exhibit A and incorporated herein by reference.

		
	4.
	Issuance of Shares of Stock.  Subject to the provisions of Section 8 below, the Company shall issue to the Participant a number of whole shares of Stock equal to the number of vested Restricted Stock Units then held by the Participant rounded down to the nearest whole number, on a date (the "Settlement Date") within thirty (30) days following the date a Restricted Stock Unit becomes vested. Such shares of Stock shall not be subject to any restriction on transfer other than any such restriction as may be required pursuant to Section 8 or any applicable law, rule or regulation. On the Settlement Date, the Company may pay to the Participant cash in lieu of any fractional share of Stock represented by a fractional Restricted Stock Unit subject to this Agreement in an amount equal to the Fair Market Value of such fractional share of Stock on the date the Restricted Stock Unit becomes vested. 

Notwithstanding any other provision of this Agreement, or provisions of other compensation and benefits plans of the Company, any payments due under this Agreement upon or in connection with a termination of the Participant's employment that are subject to the provisions of Section 409A of the Code shall be deferred and paid (or commence, as the case may be) until the first day on which such payments may be made without subjecting the Participant to taxation pursuant to the provisions of Section 409A of the Code.
		
	5.
	Vesting of Restricted Stock Units. Subject to the provisions of the Plan, the Restricted Stock Units shall vest in the Participant upon the Participant’s completion of three (3) full years of service on _________ as ________ ("Vesting Period") commencing on _______. The Restricted Stock Units awarded to the Participant shall be forfeited to the Company if the Participant resigns as __________during his or her term and prior to the end of the Vesting Period. 

		
	6.
	Payment. On the date any Restricted Stock Units granted pursuant to the Agreement vest, the Company shall transfer a number of shares of Stock to the Participant (or such other person entitled to receive payment pursuant to this Agreement and the Plan) equal to the number of Restricted Stock Units that vest on such vesting date.  The Participant shall not be required to make any additional payment of consideration upon settlement of a Restricted Stock Unit.

		
	7.
	Forfeiture.  If the Participant’s employment with the Company, or an Affiliate thereof, is terminated, other than by reason of the Participant’s death or disability (within the meaning of Section 22(e)(3) of the Code) or upon a Change in Control, then any Restricted Stock Units that have not previously vested shall be forfeited by the Participant to the Company.  The Participant shall thereafter have no right, title or interest whatever in such Restricted Stock Units. If the Participant ceases to be an employee by reason of disability (as defined in the Social Security eligibility provisions, 42 U.S.C. Section 421, and the regulations promulgated thereunder) or death prior to the vesting of any shares of Stock pursuant to Section 5 hereof, the Participant or the Participant’s estate shall become immediately vested, as of the date of such disability or death, in the shares of Stock.  No transfer by will or by laws of descent and distribution of any shares of Stock which vest by reason of Participant’s death shall be effective to bind the Company, unless the Company shall have been furnished with written notice of such transfer and a copy of the will or such other evidence as the Company may deem necessary to establish the validity of the transfer.

		
	8.
	Restrictions on Grant of the Restricted Stock Units and Issuance of Shares of Stock.  The grant of the Restricted Stock Units and issuance of shares of Stock upon settlement of the Restricted Stock Units shall be subject to compliance with all applicable requirements of federal, state or foreign law with respect to such securities, including requirements as amended after grant of the Restricted Stock Units.  No shares of Stock may be issued hereunder if the issuance of such shares would constitute a violation of any applicable federal, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the shares of Stock may then be listed.  The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of any shares subject to the Restricted Stock Unit shall relieve the Company of any liability in respect of the failure to issue or sell such shares as to which such requisite authority shall not have been obtained.  As a condition to the settlement of the Restricted Stock Units, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company.

		
	9.
	Tax Withholding.  At the time the Restricted Stock Units are granted, or at any time thereafter as requested by the Company, the Participant hereby authorizes withholding from the Restricted Stock Units such number of shares of Stock, valued at their Fair Market Value on the date so used, as may be required to satisfy the federal, state, local and foreign tax withholding obligations of the Company, if any, which arise in connection with the Restricted Stock Units or the issuance of shares of Stock in settlement thereof.  The Company shall reduce the number of shares issued to the Participant on the Settlement Date by the number of shares required to cover the tax withholding as of such date, such shares to be valued at their Fair Market Value on the date the Restricted Stock Units become vested.  The Company shall have no obligation to deliver shares of Stock until the tax withholding obligations of the Company have been satisfied by the Participant.

		
	10.
	Restriction on Transfer. The Participant may not sell, assign, transfer, pledge, hypothecate, or otherwise dispose of any Restricted Stock Units to any other person or entity during the Vesting Period. Any disposition or purported disposition made in violation of this Section 10 shall be null and void, and the Company shall not recognize or give effect to such disposition on its books and records.

		
	11.
	Fractional Shares.  The Company shall not be required to issue fractional shares upon the settlement of a Restricted Stock Unit.

		
	12.
	Employment.  This Agreement shall not give the Participant any right to continued employment with the Company or any Affiliate, and the Company or any Affiliate employing the Participant may terminate such employment or otherwise treat the Participant without regard to the effect it may have upon the Participant or any Restricted Stock Units under this Agreement.

		
	13.
	Other Benefit and Compensation Programs.  Neither the Restricted Stock Units nor the shares of Stock into which the Restricted Stock Units are settled shall be deemed a part of the Participant's regular, recurring compensation for purposes of the termination, indemnity, or severance pay law of any country and shall not be included in, nor have any effect on, the determination of benefits under any other Participant benefit plan, contract, or similar arrangement provided by the Company or any Affiliate unless expressly so provided by such other plan, contract, or arrangement, or unless the Committee determines that the Restricted Stock Units, or a portion thereof, should be included to accurately recognize that the Restricted Stock Unit grant has been made in lieu of a portion of competitive cash compensation, if such is the case.

		
	14.
	Rights as a Stockholder, Director, Participant or Consultant.  The Participant shall have no rights as a stockholder with respect to any shares of Stock which may be issued in settlement of this grant until the date of the issuance of a certificate for such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) or, if elected by the Company, the book entry representing such shares.  No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date such certificate is issued or such entry is made on the books, as applicable, except as determined in the discretion of the Committee.

		
	15.
	Legends.  The Company may at any time place legends or notations on the respective book entries, as applicable, referencing any applicable federal, state or foreign securities law restrictions on all certificates or book entries representing shares of Stock issued pursuant to this Agreement.  The Participant shall, at the request of the Company, promptly present to the Company any and all certificates, if issued by the Company, representing shares acquired pursuant to this grant in the possession of the Participant in order to carry out the provisions of this Section 15.

		
	16.
	Interpretation of This Agreement.  All decisions and interpretations made by the Committee with regard to any question arising under this Agreement or the Plan shall be binding and conclusive upon the Company, any Affiliate and the Participant.  In the event that there is any inconsistency between the provisions of this Agreement and the Plan, the provisions of the Plan shall govern.

		
	17.
	Certificate Registration.  Any certificate for the shares as to which the Restricted Stock Unites are settled, if issued by the Company, shall be registered in the name of the Participant, or, if applicable, in the names of the heirs of the Participant.

		
	18.
	Controlling Provisions. The provisions of the Plan shall apply to the award made under this Agreement. In the event of a conflict between the provisions of this Agreement and the Plan, the provisions of the Plan will control.

		
	19.
	Miscellaneous.  This Agreement is entered into pursuant to the Plan and is subject to all of the terms and conditions contained in the Plan. A copy of the Plan is on file with the Company; and, by acceptance hereof, the Participant agrees and accepts this Agreement subject to the terms of the Plan.  This Agreement shall be binding upon and inure to the benefit of any successor of the Company.  This Agreement shall be governed by and construed in accordance with the laws of the State of Kansas.  This Agreement contains all terms and conditions with respect to the subject matter hereof and no amendment, modification or other change hereto shall be of any force or effect unless and until set forth in a writing executed by the Participant and the Company.

IN WITNESS WHEREOF, this Instrument has been executed as of this ___ day of ____, 201_.
MGP INGREDIENTS, INC.

By:_______________________Exhibit 10.22

 

 

REFERRAL AGREEMENT

 

REFERRAL AGREEMENT (the "Agreement"),
made this 30th April, 2013, by and between Hubbed Pty Limited ACN 159 190 833 of pier 8/9, 23 Hickson Road, Miller's
Point ("Referral Agent") and Moneytech Services Pty Limited ACN 106 249 852 of 6/97 Pacific Highway, North
Sydney ("Moneytech").

 

RECITALS

 

1. The Referral Agent is in the business of working with
Australian Newsagents to develop consumer offerings and business solutions by sourcing and introducing to the Newsagent/s certain
service providers; and

 

2. Moneytech is a financial service provider wishing to promote
its services to Australian Newsagents and seeks to retain the Referral Agent on the terms and conditions contained of this Agreement.

 

NOW THEREFORE, in consideration of the mutual promises
made herein, the parties agree as follows:

 

1.         
REFERRAL AGENT AND APPOINTMENT

 

1.1        Moneytech
hereby appoints the Referral Agent as an authorized Referral Agent for the purposes of referring to Moneytech potential Clients
seeking certain financial services.

 

1.2        The
Referral Agent shall not have any authority whatsoever, without the prior written consent of Moneytech, to bind Moneytech to any
contract, representation, understanding, act or deed concerning Moneytech, the services to be performed, or any other service or
product offered by Moneytech.

 

    	 

    	 

    

 

1.3        The
Referral Agent shall make no representations or warranties concerning Moneytech's services or business to any other third party
unless such warranty or representation is authorised in writing by Moneytech.

 

1.4        The
Referral Agent at all times shall be deemed to be an independent contractor and this Agreement does not create a partnership, joint
venture or any relationship other than that of independent contractors.

 

1.5        The
Referral Agent and Moneytech hereby agree that the appointment of the Referral Agent by Moneytech shall not be exclusive and Moneytech
has the right to appoint other referring parties.

 

1.6        Any
and all costs and expenses incurred by the Referral Agent, including, but not limited to, travel expenses, clerical expenses and
maintenance, will be the responsibility of the Referral Agent and Moneytech will not in any way be responsible or liable for such
costs and expenses.

 

2.          
DUTIES OF REFERRAL AGENT

 

2.1        The
Referral Agent and Moneytech hereby agree that the Referral Agent will use all of its reasonable best efforts to endorse and promote
Moneytech and its business and services.

 

2.2        The
Referral Agent may make use of Moneytech's trademarks for the sole purpose of promoting Moneytech's goods or services. Any such
use shall be in accordance with Moneytech's trademark policies and subject to Moneytech's prior written approval to use such trademark/s.
It is expressly understood that this Agreement does not grant the Referral Agent any interest in Moneytech's trademarks or any
other intellectual property rights.

 

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2.3         Moneytech
may make use of the Referral Agent's trademarks for the sole purpose of promoting its goods or services. Any such use shall be
in accordance with the Referral Agent's trademark policies. It is expressly understood that this Agreement does not grant Moneytech
any interest in the Referral Agents trademarks or any other intellectual property rights.

 

2.4        The
Referral Agent agrees not to disclose any confidential information pertaining to Moneytech's goods or services nor that of prospective
or existing customers to any third party. The Referral Agent may do follow-up enquiries with referred Client's to confirm their
purchase activities and to gather general feedback. Moneytech also agrees to provide the Referral Agent with data regarding Clients
when reasonably requested. For the purposes of this agreement "data" means generic statistical information concerning
client's exploitation of the financial services but which expressly excludes information which may identify Client's consumer/customer
or otherwise cause Moneytech to breach its obligations under the Privacy Act (1988).

 

3.         
 REFERRAL FEES

 

3.1         Moneytech
shall pay to the Referral Agent a Referral Fee (the "Referral Fee") as specified in Schedule 1 annexed hereto.

 

3.2         The
Referral Fee will be paid by Moneytech to the Referral Agent by way of direct deposit or electronic funds transfer into the Referral
Agent's nominated bank account.

 

3.3         The
Referral Agent and Moneytech hereby agree that the Referral Fee shall only be due and payable to the

 

Referral Agent in the event of:

 

	 	(a)	the referred Client is not currently a customer or employee of Moneytech; and

 

	 	(b)	the services have been accepted by the referred Client.

 

4.         
CODES, CONDUCT AND REGULATIONS

 

4.1         If
there is any change in, any making of, or any change in the interpretation or application of any law or any control, request or
directive of a government agency (including but not limited to: the Australian Securities Investment Commission (ASIC) and the
Australian Competition and Consumer Commission ("ACCC")), Moneytech (acting reasonably) reserves the right to vary any
of the terms of this Agreement or its financial services to take into account those new circumstances.

 

4.2         If
the circumstances occur as referred to in clause 4.1, Moneytech agrees, where it is able to do so, to:

 

	 	(a)	Provide the Referral Agent with reasonable notice of any changes that it is required to make to this Agreement; and

 

	 	(b)	Give the Referral Agent time to implement any changes required as a result of Moneytech varying this Agreement.

 

4.3         Each
party warrants and represents that it holds, and will continue to hold, maintain and keep current all licences, permits and authorisations
required by law to perform its respective obligations pursuant to this Agreement.

 

    	3

    	 

    

 

5.           CONFIDENTIALITY

 

5.1        The
Referral Agent hereby agrees that any and all documents, files and other information of Moneytech which are made available to the
Referral Agent by Moneytech will be deemed to be provided to the Referral Agent in confidence by Moneytech.

 

5.2        All
documents, files and other information of Moneytech which has been provided by Moneytech to the Referral Agent will remain the
sole and exclusive property of Moneytech and will not be disclosed to any third party without the prior written consent of Moneytech.

 

5.3        This
Article 4 shall survive the termination of this Agreement.

 

6.           TERM
AND TERMINATION

 

6.1        The
Referral Agent and Moneytech hereby acknowledge and agree that the term of this Agreement shall  be for a period of twenty
four (24) months commencing 30 April 2013 (the "Term").

 

6.2        The
Referral Agent and Moneytech hereby agree that this Agreement may be renewed for a further period of twelve (12) months upon its
termination.

 

6.3        At
any time, either party may terminate this Agreement upon providing the other party sixty (60) days' advance written notice of such
termination.

 

7.           INDEMNIFICATION

 

7.1        Each
party hereto agrees to indemnify, defend and hold the other party (and any other relation to the other ty) harmless from and against
any and all claims of whatsoever arising directly from misrepresentation, default, misconduct, failure to perform or any other
act related to this Agreement.

 

7.2        For
the avoidance of doubt, neither party shall be liable to the other for lost profits or business, loss of goodwill or damage to
reputation, indirect, consequential, special, incidental, exemplary or punitive damages or loss, whether based in contract or tort
(including negligence, strict liability or otherwise) whether or not either party has been advised of the possibility of such damages
or loss under this Agreement.

 

8.           WARRANTIES

 

8.1        Moneytech
hereby disclaims all warranties in respect of Moneytech's services rendered under this Agreement, including all implied warranties
of merchantability and fitness for a particular purpose if applicable.

 

8.2        The
Referral Agent shall extend no warranties or guarantees without the pre-approval of Moneytech, whether orally or in writing in
the name of Moneytech or which would otherwise bind Moneytech with respect to the performance, quality, merchantability or fitness
for a particular purpose of Moneytech's services or products.

 

8.3        Any
claims of any kind whatsoever arising out of or relating to this Agreement by Moneytech, shall be limited solely to monetary damages
and will not exceed the amount of the Referral Fees due and payable to the Referral Agent.

 

9.           PERFORMANCE

 

9.1        Either
the Referral Agent or Moneytech shall not be liable for, any failure to perform or delay in the performance of its obligations
under this Agreement due to causes beyond its control, including without limitation, Confidential interruptions of power or
telecommunications services, failure or its suppliers or subcontractors, acts or nature, governmental actions, fire, flood, natural
disaster or labour dispute. No failure by either the Referral Agent or Moneytech to pursue any remedy resulting from a breach in
this Agreement by the other party shall be construed as a waiver of that breach, nor as a waiver of any subsequent or other breach
unless such waiver is signed and in writing.

 

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10.         NON-COMPETITION/NON-SOLICITATION

 

10.1      Each of the Referral
Agent and Moneytech agree, for a period of one (1) year following termination of this Agreement, not to solicit any of the employees
or representatives of the other for purposes of employment; provided, however, the parties shall not be (i) restricted from engaging
in any general solicitation for employees or public advertisement for employment opportunities not specifically targeted at such
persons, (ii) precluded from hiring any such person who responds to any such general solicitation for employees or public advertisement
for employment, or (iii) precluded from hiring any such person who contacts such party on his or her own initiative without any
direct or indirect solicitation from such party, other than any solicitation pursuant to a general solicitation or public advertisement.

 

11.         DISPUTE
RESOLUTION

 

11.1      If a dispute arises
between the parties in connection with this Agreement, the parties undertake in good faith to use all reasonable endeavours to
settle the dispute.

 

11.2      Either party may
give notice of a dispute under this Agreement to the other party. If such notice is given, each party must arrange to meet in an
effort to resolve the dispute.

 

11.3      If the parties
are unable in good faith to settle the dispute within fourteen (14) days of the notice referred to in clause 10.2, or a longer
period by negotiation, then the parties must agree to appoint a mediator and refer the matter to mediation. The cost of mediation
will be shared between the parties.

 

11.4      Nothing in this
Clause 10 prohibits either party from seeking injunctive relief in the courts.

 

12.         GENERAL
PROVISIONS

 

12.1      This Agreement
shall not be amended or altered without the prior written consent of the Referral Agent and Moneytech.

 

12.2      No waiver by the Referral
Agent or Moneytech of any right shall be construed as a waiver of any other right.

 

12.3      In the event a
court of competent jurisdiction finds any provision of this Agreement invalid or unenforceable, the remainder of this Agreement
shall be interpreted so as best to effect the intent of the Referral Agent and Moneytech.

 

12.4     Any notices to be delivered
pursuant to this Agreement shall be delivered to:

 

In the case of the Referral Agent to:

 

Hubbed Pty Limited

Attn: Mr. David McLean

Lot 2, Pier 8/9 - 23 Hickson Road

Millers Point NSW 2000

Fax: +612

 

In the case of Moneytech to:

 

Moneytech Services Pty Limited

Attn: Mr. Hugh Evans

PO BOX 2015

North Sydney NSW 2060

Fax: +612 8907 2599

 

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12.5      This Agreement
constitutes the entire agreement between Moneytech and the R and supersedes all prior agreements whether oral or written.

 

12.6      This Agreement
shall be governed by the laws of the State of New South Wales and the parties agree to submit to the exclusive jurisdiction of
the courts of that State.

 

IN WITNESS WHEREOF the Referral Agent and Moneytech
have executed this Agreement on the day and year first written above.

 

	SIGNED by Hubbed Pty Limited in accordance	)	 
	s.127 (1) of the Corporations Act	)	 
	 	)	 

 

	/s/ Dave McLean	 	 	 	 
	Signature of Director	 	 	Signature of Director	 
	 	 	 	 	 
	DAVE McLean	 	 	 	 
	Name of Director (print) 	 	 	Name of Director (print)	 

 

	SIGNED by Moneytech Services Pty Limited in	)	 
	accordance with s.127 (1) of the Corporations Act	)	 
	 	)	 

 

	/s/ Mark Cameron	 	 	/s/ Hugh Evans	 
	Signature of Director	 	 	Signature of Director / Secretary	 
	 	 	 	 	 
	MARK CAMERON	 	 	HUGH EVANS	 
	Name of Director (print) 	 	 	Name of Director (print)	 

 

Schedule 1

Referral Fees

 

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Schedule I

Referral Fees

All amount inclusive of GST unless otherwise stated.

	Transaction Type	m Payments Charge	Hubbed Referral Revenue
	BPAY	$0.35	$0.15
	Gift Card	$2.95	$2.00
	Parcel	1% of gross transaction value	$0.50
	Other Fees	As Agreed	As Agreed

 

7

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