Document:

Exhibit 10.1

 

	FILED by Macomb County Circuit Court	2016-003803-CR

	5/22/2017	COLLETTE, ROSS VS. ALTERNATIVE FUEL TECHNOLOGIES
I

 

 

 

 

 

STATE OF MICHIGAN

In the 16th Circuit Court,
Macomb County

 

 

	ROSS COLLETTE,	)	 
	 	)	 
	PLAINTIFF,	)	ORDER
	 	)	 
	vs.	)	CASE NO: 16-3803-CR
	 	)	HON: Carl J. Marlinga
	ALTERNATIVE FUEL TECHNOLOGIES,
INC.	)	 
	 	)	 
	a Corporation, and	)	 
	DOES 1-20 Inclusive,	)	 
	 	)	 
	DEFENDANTS.	)	 

 

 

DEFAULT JUDGMENT

 

On the
22nd day of May, 2017 upon this Court's having reviewed the Plaintiff's Application for Default Judgment and this Order and having
considered the matter.

 

IT IS ORDERED that:

 

1.             
The Motion is GRANTED;

 

2.             
The complaint is Dismissed as to DOES 1-20, inclusive.
Alternative Fuel Technologies, Inc. and its assets of whatever kind and description, wherever located, and the legally recognized privileges
(with regard to entities), of Defendant and all entities it owns or controls until the termination of this Order.

 

 

 

    	 	1	 

     

    

 

3.              Tara Harvey ("Receiver'') is
appointed as the exclusive Receiver over Defendant Alternative Technologies, Inc. and its property. Property shall mean all property
of the Defendant, including but not limited to:

 

A.    All
personal property of Defendant, wherever located, including all accounts; general intangibles, including but not limited to causes
of action, whether known or unknown; all chattel paper, documents and instruments and rights to
payment evidenced thereby; all inventory, all equipment and fixtures and accessions; all investment property; all deposit accounts;
all securities; all letters of credit and letter of credit rights; all parts, replacements, substitutions, profits, products and
cash and non-cash proceeds of any of the foregoing, including insurance proceeds payable by reason of loss or damage thereto in any
form and wherever located. For purposes of this paragraph, all items not otherwise defined in this Order shall have the meanings
accorded under Michigan law;

 

 B.     All permits, licenses and other contracts pertaining to the operations of Defendant or its personal property;

 

C.    
All books, records or documents whether in hard copy or electronic form (including email files and accounts) that in any way relate
to the operations of Defendant;

 

D.    Any records relating to retirement,
defined benefits, medical or insurance  plans or programs maintained for the benefit of Defendant's employees, whether written
or electronically recorded, and copies of all documents Defendant is legally obligated to retain;

 

 E.     All bank accounts maintained by Defendant, including any operating accounts and/or security deposit accounts;

 

F.    
All computers and computer
files, computer hard drives, flash drives, jump drives, thumb drives, disks or other media containing electronically-stored information
pertaining to Defendant's records of transactions and assets and liabilities, including email files along with passwords for such files,
cellular phones and personal data assistants; client lists, account statements, financial and accounting documents, internet exchange
servers, telephones, personal digital devices and other informational resources of or in possession of Defendant or issued by Defendant
and in possession of any agent or employee of Defendant;

 

G.    All keys,
security cards, parking cards and other access codes for premises, vehicles, safety deposit boxes or accounts or assets;

 

H.   
All pre-paid accounts, tax refunds, professional or other retainers, escrow deposits and security
deposit or any other deposit accounts.

 

4.              Defendant
and its current or former officers, directors, members, employees, partners, trustees, agents, accountants, attorneys, stock transfer
agents, representatives, and/or any entity controlled by Defendant are directed to cooperate with Receiver in the transition of the management
of Defendant and performance of the duties and responsibilities of the Receiver by making themselves reasonably available to assist the
Receiver as requested and shall make immediately available for turnover to the Receiver, if requested, all of their records concerning
Defendant and its property so that the Receiver may adequately account for any revenue collected or owing through the date the Receiver
is appointed, including but not limited to, all:

 

 A.    All records evidencing Defendant's property;

 

 B.     Existing or pending customer, supplier and contract bids, contracts, jobs, work orders, purchase orders, receivables, and sales data, and similar material, including communication and correspondence files;

 

 

 

    	 	2	 

     

    

 

 C.     Current aged accounts receivable/delinquency reports;

 

 D.     Documents identifying and summarizing all pending litigation;

 

 E.      Documents and data identifying or evidencing all liabilities of Defendant;

 

F.     
Copies of all employee payroll records and employee files and applications to include numbers of employees on health or dental
program coverage, gender and age of each employee;

 

G.    
Documents, books, records and computer files concerning the operations, management and finances of Defendant;

 

 H.     Documents, books, records and computer files concerning any retirement, defined benefits, medical, or insurance plans or programs maintained for the benefit of Defendant's employees;

 

I.     
Documents supporting all entries in all publicly available financial statements and periodic reports of all material information
of Defendant;

 

J.     
Documents, books, records and electronically stored information relating or pertaining to Defendant's assets, liabilities and cash
flow;

 

K.    'Documents, books, records and electronically stored information containing the lists of names, addresses, tax identification numbers
and shares owned of Defendant's securities;

 

L.      Documents, books, record
and electronic ally stored information reflecting all of Defendant's securities issued, securities transferred, and securities certificates
cancelled or reported lost or stolen;

 

 M.    All board of directors resolutions, majority shareholders consents to corporate action, all minutes of meetings of the board of directors and its committees and all minutes of meetings of shareholders;

 

 N.     Such other records pertaining to the management of the property as may be reasonably requested by Receiver; and,

 

O.    All of the foregoing records
in Paragraph 3 hereof being collectively referred to as "Receivership Records."

 

5.             
The release of employee payroll records and files and any records and files related to any retirement, defined benefits,
medical or insurance plans or programs maintained for the benefit of Defendant's employees to the Receiver is authorized by this Order.

 

6.             
Immediately upon entry of this Order, Receiver has the sole authority to operate and wind-down Defendant.

 

7.             
Defendant and any third-parties receiving notice of the Order shall surrender to Receiver all monies they currently or subsequently
possess (and/or that is or becomes subject to their control) from revenue, profits, rents or income collected from the operations of the
Defendant or Defendant's property, including any monies held in accounts maintained by Defendant at any financial institution.

 

 

 

    	 	3	 

     

    

 

8.             
Immediately upon entry of this Order, and continuing until termination of the Receivership, Receiver is authors to take any actions
Receiver deems reasonable and appropriate to take possession of; to exercise fill control over, prevent waste of and to preserve, manage,
maintain, secure, safeguard, liquidate and distribute the property of Defendant and to take such other actions as may be necessary and
appropriate to take possession, exercise full control over, prevent waste, and to preserve, secure and safeguard the Receivership property,
including taking possession of and copying, if necessary, all books, records, notes, memoranda,
documents, loan documents, deeds, bills of sale, cancelled checks, check ledgers, calendar notes, diary notes, records, ledgers, electronically
stored data, tape recordings, computer disks, or any other financial documents or financial information in whatever form belonging to
Defendant that relate in any way ·to Defendant's business practices or finances or property. Without limiting the generality
of the foregoing, Receiver shall:

 

A.     Take all action determined by Receiver to
be necessary or appropriate to take possession, safeguard and preserve all tangible and intangible assets comprising the property of
Defendant, Receivership records, and all licenses used in connection with the operation of the property;

 

 B.     Collect all revenues, profits, income, rents and issues earned, paid to, recognized or realized by Defendant;

 

 C.     Allow Plaintiff access to the Defendant's property at reasonable times to inspect the property and all books and records related thereto;

 

 D.     Collect any unpaid or delinquent rents, revenues, issues, profits or other obligations owed to Defendant;

 

 E.     Enforce, terminate and perform all contracts of
Defendant, subject to Plaintiff's approval;

 

F.    
Retain, hire or discharge employees of Defendant as necessary, subject to Plaintiff's approval;

 

G.    
Pay all taxes, subject to Plaintiff's approval, and prepare, file and distribute any tax returns,
forms or other documents as may be deemed necessary;

 

H.     Subject to Plaintiff's approval, manage, maintain and
operate the Defendant, including without limitation, the payment from funds received as Receiver of all the following ("Operating
Expenses"): (i) all ordinary and necessary operating expenses arising from the operation by Receiver of Defendant for the period
after entry of this Order until termination of Receivership; (ii) all current real and personal
property taxes and' assessments (and delinquent taxes, with the prior written consent of Plaintiff);
(III) all premiums of insurance policies upon the property of Defendant for the term of the Receivership; and, (iv) any other expenses
deemed necessary;

 

I.      Subject to Plaintiff's
approval, have general power and authority to sue for and collect debts, demands and receivables belonging to Defendant and to compromise
and settle such as are of doubtful value. Subject to Plaintiff's approval, Receiver may also defend, sue or undertake other judicial
or non-judicial actions in the name of Defendant where it is necessary or proper for her to do so, including any action or proceeding
involving Defendant under Title 11 of the United States Code, and to sue for and collect, recover receive and take into possession
all goods, chattels, rights, credits, monies, effects, lands, books and records of accounts and other papers, and any other property;

 

 J.      Have access to and control of any deposit accounts maintained by Defendant at any financial institution and this Order shall constitute a direction to any such financial institution to grant Receiver fill and complete access to all deposit accounts;

 

K.     Institute a claims procedure for all creditors of Defendant to submit proofs of any claims against
the Receivership estate, publish or give direct or personal notice

of such claims procedure to all creditors, seta bar
date for their submission of any and all claims, determine whether to accept or reject any and all claims
submitted and to set any objections to any claim determinations made by Receiver down for hearing before this Court;

 

 

 

    	 	4	 

     

    

 

 L.     Wind-down the affairs of Defendant, liquidate all of its assets and subject to Plaintiff's approval, distribute all proceeds and any other property to credits or other claimants as interests may lie;

 

 M.    Have authority to open and close bank accounts or other depository accounts in the name of Receiver;

 

 N.    Subject to Plaintiff's approval, have authority to abandon or dispose of any property or records that are not necessary for the administration of Receiver's duties or are burdensome to the Receivership;

 

 O.    Manage, assist, and/or prepare necessary reports and make arrangements as required for any plan administrator to terminate remaining benefits plans;

 

 P.    Subject to Plaintiff's approval, have authority to file a voluntary petition for relief under Title II of the United States Code on behalf of Defendant;

 

Q.   
Subject to Plaintiff's approval,file additional petitions for appointments as Receiver in any jurisdictions where Defendant may
or does have Property, in order to give full effect to the execution of her duties and powers granted by this Order; and,

 

R.    Subject to Plaintiff's approval, have authority
to employ and pay such competent personnel or professionals as may be necessary to perform Receiver's duties or responsibilities under
this Order, including but not limited to consultants, property managers, attorneys and accountants.

 

 9.              Neither Plaintiff nor Receiver shall be
liable for any claim, obligation, liability, action, cause of action, cost or expense of Defendant arising out of or relating to
events or circumstances. occurring prior to this Order, including without limitation, any contingent or unliquidated obligations and
any liability from the delivery of goods or the performance of services rendered by, to or on behalf of Defendant, and any liability
to which Defendant is currently or may be ultimately exposed under any applicable laws pertaining to ownership, use or operation of
Defendant's property and operation of Defendant's business ("Pre-Receivership Liabilities"). Neither Receiver nor the
Plaintiff shall be obligated to advance any funds to pay any Pre Receivership Liabilities. Notwithstanding the foregoing, with eh
prior written consent of Plaintiff, Receiver may pay Pre-Receivership Liabilities from Receivership property.

 

 10.            Receiver shall file with this Court and serve on all parties who have filed appearances a final accounting within 30 days after termination of the Receivership.

 

11.            Receiver shall have the power to enter into,
modify, extend, terminate and/or enforce contracts, agreements and leases in the ordinary course of business; provided, however, in so
doing Receiver shall not concede, settle, compromise or pay any Pre-Receivership Liabilities except as otherwise provided herein.

 

12.            In addition to the other powers and authority granted in this Order, Receiver shall have the full authority and power to wind-down the affairs of Defendant and/or liquidate its real and personal property; provided, however, that Receiver shall be required to obtain the approval of Plaintiff to undertake certain actions otherwise set forth herein.

 

 13. Receiver and its agents, employees and attorneys shall have no personal liability and they shall have no claim asserted against them relating to Receiver's duties under this Order.

 

14.            This Court shall retain jurisdiction over this action, Defendant, Defendant's property and the parties for the purpose of giving such other relief upon a proper showing as is consistent with this Order and justice.

 

 

 

    	 	5	 

     

    

 

14.            Until further Order of this Court, Defendant,
its agent and employees and all other persons with notice of this Order (other than Receiver) are restrained and enjoined from directly
or indirectly transferring, encumbering, removing, expending, distributing, concealing, destroying, damaging, erasing, altering or discoing
of or otherwise diminishing or causing harm to any of Defendant's property, any part of that property, any proceeds from operations of
Defendant or use or sale of Defendant's property, including revenue, income and profits, or any documents relating in any way to Defendant's
business practices or finances of the property of Defendant.· No security is required prior to issuance of this injunction and
Receiver shall not be required to post a bond.

 

15.           
Except by leave of this Court, and except with respect to Plaintiff's right to foreclose upon the property, during tendency of
the Receivership, Defendant and all other persons, creditors and entities are stayed from taking any action to establish or enforce
any claim, right, or interest for, against or on behalf of, in or in the name of Defendant, Receiver, Receivership assets, Defendant's
property or the Receiver's duly authorized agent acting in their capacities as such, including but not limited to the following actions:

 

A.   
Commencing, prosecuting, litigating or enforcing suit, except that the actions my be filed to toll any applicable statute of
limitations;

 

B.   
Accelerating the due date of any obligation or claimed obligation, enforcing any lien upon, or taking or attempting to take possession
of, or retaining possession of property of Defendant, or attempting to foreclose, forfeit, alter or terminate any of Defendant's interest
in Defendant's property, whether such acts are part of a judicial proceeding or otherwise;

 

C.   
Using any self-help or executing or issuing or causing the execution or issuance of any court attachment, subpoena, replevin, execution
or other process for the purpose of impounding or taking possession of or interfering with, or creating or enforcing a lien upon the
property; and

 

D. Doing any act or thing to interfere with Receiver
taking control, possession or management of the Defendant's property subject to the Receivership, or to in any way interfere with Receiver
or the duties of Receiver, or to interfere with the exclusive jurisdiction of this Court over the Defendant's property.

 

E. John Docs 1-20 dismissed w/out prejudice. This
judgment does not resolve the last pending claim nor close the case.

 

 

Dated:
May 22, 2017

 

/s/
Carl J. Marlinga                     

Honorable
Carl J. Marlinga

 

 

 

 

 

 

 

 

 

 

 

    	 	6	 

     

    

 

	FILED by Macomb County Circuit Court	 

	7/18/2017	 

 

 

	
    

    STATE OF MICHIGAN

    COUNTY OF MACOMB

    16TH JUDICIAL: CIRCUIT

    COURT
	
    ORDER OF DISMISSAL FOR

    NO PROGRESS

    AS TO REMAINING

    PARTIES ONLY
	
    Case Number:

     

    2016-003803-CR

	Plaintiff Name:

                                                                                 

                                                                                ROSS COLLETTE
	
     

    V
	
    Defendant Name:

     

    ALTERNATIVE FUEL TECHNOLOGIES INC et al

	40 N. Main Mt. Clemens, Ml 48043	 	 	Phone: (586)
469-5133	 

 

 

 

 

Progress has not occurred as specified in the previous Notice
of Intent to Dismiss.

 

IT IS ORDERED that this case is dismissed
without prejudice as to the remaining parties:

 

ALTERNATIVE FUEL TECHNOLOGIES INC.

 

In divorce actions,
any child support owed to the State on the date of this order is preserved.

 

 

 

 

 

	Date: 7/18/17	CARL J. MARLINGA
	 	Circuit Judge

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ROSS COLLETTE

28325 UTICA
ROAD

ROSEVILLE, Ml 48066

 

 

 

    	 	7	 

     

    

 

	FILED by Macomb County Circuit Court	 

	7/18/2017	 

 

	
    

    STATE OF MICHIGAN

    COUNTY OF MACOMB.

    16TH JUDICIAl CIRCUIT

    COURT
	
    ORDER OF DISMISSAL FOR

    NO PROGRESS

    AS TO REMAINING

    PARTIES ONLY
	
    Case Number:

     

    2016-003803-CR

	Plaintiff Name:

                                                                                 

                                                                                ROSS COLLETTE
	
     

    V
	
    Defendant Name:

     

    ALTERNATIVE FUEL TECHNOLOGIES INC et al

	40 N. Main Mt. Clemens, Ml 48043	 	 	Phone: (586) 469-5133	 

 

 

 

 

 

Progress has not occurred as specified in the previous Notice
of Intent to Dismiss.

 

IT IS ORDERED that this case is dismissed
without prejudice as to the remaining parties:

 

ALTERNATIVE FUEL TECHNOLOGIES INC

 

In divorce actions, any child support owed to the State
on the date of this order is preserved.

 

 

 

 

 

	Date: 7/18/17	CARL J. MARLINGA
	 	Circuit Judge

 

 

 

 

 

 

 

    	 	8Document

Exhibit 10.1

Fees and Expenses
(effective as of May 18, 2022)

Retainer:               Retainer fees are paid quarterly, at the end of each quarter.  Fees are as follows:

                              Annual cash retainer:                                                                    $140,000
                              Additional retainer for Lead Independent Director:         $50,000
                              Additional retainer for Audit Committee:                                    $15,000
                              Additional retainer for Audit Committee chair:                           $25,000
                              Additional retainer for Comp Committee chair:                          $25,000
                              Additional retainer for Gov Committee chair                              $25,000 
                              Additional retainer for Policy Committee chair                       $25,000

Equity Grant:        Directors are awarded an annual equity grant of $175,000 in deferred stock units (“Automatic Stock Units”), awarded annually on the day of the Company’s Annual Meeting of Shareholders.  The Automatic Stock Units will vest on the one year anniversary of the grant date.  Directors may elect to have all or any portion of their Automatic Stock Units paid on (A) the earlier of (i) the beginning of a specified calendar year after the vesting date or (ii) their separation from service as a member of the Board or (B) the vesting date.

Deferral of Cash Retainer:      Directors may elect to defer payment of all or a portion of their cash retainer fees and any other committee retainer fees into a deferred stock unit account (“Elective Stock Units”).  Elective Stock Units are awarded on a calendar quarterly basis.  Directors may elect to have all or a portion of their Elective Stock Units paid on the earlier of (i) the beginning of a specified calendar year or (ii) their separation from service as a member of the Board.

Elective Deferral Program:     Directors may elect to defer to a later year all or a portion of their annual cash retainer and any other fees payable for their Board service into alternative investment options similar to the options available under Northrop Grumman’s Savings Excess Plan.  

Stock Ownership:  All directors are required to own Company stock in an amount equal to five times the annual cash retainer, with such ownership to be achieved within five years of the director’s election to the Board.  Deferred stock units and Company stock owned outright by the director will count towards this requirement.   

Expenses:             Transportation
Ordinary and necessary business expenses will be reimbursed to traveling directors after presentation of original receipts to the company.  Directors will be reimbursed for round trip first class air travel from the director’s regular place of business or residence.  Whenever possible, directors will be transported to board meetings by our own company aircraft.  Surface travel will be reimbursed at the current mileage allowance for traveling executives.  

Exhibit 10.1

Currently, that rate is 55 cents per mile, if the director is driving locally.  Taxi service will be reimbursed upon presentation of a receipt.  Northrop Grumman arranges drivers from an executive security service to transport directors between the airport and the hotel currently in use and Northrop Grumman drivers transport directors from the hotel to the meeting location.

                             Hotels
The Corporate Secretary’s office will make hotel arrangements for directors in connection with the board and committee meetings. Drivers are available to transport directors to the board and committee meetings.  Directors may bill their room charges directly to the Northrop Grumman master account that has been established for director visits.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}]]