Document:

EX-4.3

 

Exhibit 4.3

     THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE
EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE
OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

     THIS SECURITY IS NOT A DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE BANK INSURANCE FUND, THE SAVINGS ASSOCIATION INSURANCE FUND OR ANY OTHER
GOVERNMENTAL AGENCY.

M&T BANK CORPORATION

			
	No. 1

CUSIP No. 55261F AA2

ISIN No. US55261FAA21

COMMON CODE: 030307178
	 	$300,000,000

     M&T Bank Corporation, a New York corporation which is registered as a bank holding
company under the Bank Holding Company Act of 1956, as amended, and under Article III-A of the New
York Banking Law (herein called the “Company”), which term includes any successor Person under the
Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or
registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS ($300,000,000) on May 24,
2012, and to pay interest thereon from May 24, 2007 or from the most recent Interest Payment Date
(as defined below) to which interest has been paid or duly provided for, semi-annually on May 24
and November 24 in each year, commencing November 24, 2007 (each, an “Interest Payment Date”), at
the rate of 5.375% per annum, until the principal hereof is paid or made available for payment.
The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or
more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest, which shall be the 15th calendar day (whether or not a Business Day)
preceding the related Interest Payment Date. Any such interest not so punctually paid or duly
provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may
either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. Interest shall be computed on the basis of a 360-day
year of twelve 30-day months. This Security is not redeemable prior to maturity.

 

 

     Payment of the principal of (and premium, if any) and any such interest on this Security will
be made at the office or agency of The Bank of New York, as paying agent, maintained for that
purpose in New York, New York in such coin or currency of the United States of America as at the
time of payment is legal tender for payment of public and private debts; provided, however, that at
the option of the Company payment of interest may be made by check mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register.

     Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

     Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.

- 2 -

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.

Dated: May 24, 2007

	 	 	 	 	 
	 	 	M&T BANK CORPORATION
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Name: Ayan D. Gupta
	 

	 	 	 	Title: Administrative Vice President

	 	 	 	 	 
	Attest:
	 	 	 	 
	 

	 	 

Name: Brian R. Yoshida
	 	 
	 

	 	Title: Vice President and Assistant Secretary	 	 

- 3 -

 

CERTIFICATE OF AUTHENTICATION

     This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

	 	 	 	 	 
	 	 	THE BANK OF NEW YORK, as Trustee
	 
	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Officer

[Reverse of Security]

     This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of
May 24, 2007, and the First Supplemental Indenture thereto, dated as of May 24, 2007 (together
called the “Indenture”, which term shall have the meaning assigned to it in such instrument), and
between the Company and The Bank of New York, as Trustee (herein called the “Trustee”, which term
includes any successor trustee under the Indenture), and reference is hereby made to the Indenture
for a statement of the respective rights, limitations of rights, duties and immunities thereunder
of the Company, the Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered. This Security is one of the series
designated on the face hereof, limited in aggregate principal amount to $300,000,000.

     The Indenture contains restrictive covenants and Events of Default with respect to this
Security. The terms of the Indenture relating to Defeasance and Discharge will apply to this
Security.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of a majority in principal amount of the Securities at the
time Outstanding of each series to be affected. The Indenture also contains provisions permitting
the Holders of specified percentages in principal amount of the Securities of each series at the
time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Security.

     As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the

- 4 -

 

appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder
shall have previously given the Trustee written notice of a continuing Event of Default with
respect to the Securities of this series, the Holders of not less than 25% in principal amount of
the Securities of this series at the time Outstanding shall have made written request to the
Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the
Trustee indemnity reasonably satisfactory to it, and the Trustee shall not have received from the
Holders of a majority in principal amount of Securities of this series at the time Outstanding a
direction inconsistent with such request, and shall have failed to institute any such proceeding,
for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not
apply to any suit instituted by the Holder of this Security for the enforcement of any payment of
principal hereof or any premium or interest hereon on or after the respective due dates expressed
herein.

     No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and any premium and interest on this Security at the Securities of this series are
issuable only in registered form without coupons in minimum denominations of $5,000 and multiples
of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations
therein set forth, Securities of this series are exchangeable for a like aggregate principal amount
of Securities of this series and of like tenor of a different authorized denomination, as requested
by the Holder surrendering the same.

     No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.

     Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

     All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture. times, place and rate, and in the coin or currency, herein
prescribed.

     As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company maintained under Section 10.02
of the Indenture for such purpose, duly endorsed by, or accompanied by a written instrument of
transfer in form satisfactory to the Company and the Security Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities
of this series and of like tenor, of authorized denominations and for the same aggregate principal
amount, will be issued to the designated transferee or transferees.

- 5 -Exhibit 10.1

     

    Exhibit
      10.1

     

    
 

    ENGAGEMENT
      AGREEMENT

    

    

    THIS
      AGREEMENT
      made as
      of the 1st day of _____, 2007.

    

    

    BETWEEN:

    

    YALETOWN
      CAPITAL INC.,
      a Nevada
      corporation having an office located at Suite 200-3083 Grandview Hwy, Vancouver,
      British Columbia

    

    (the
      "Company")

    

    OF
      THE FIRST PART

    AND:

    

    MURRAY
      SCHULTZ,
      a
      businessperson of Vancouver, British Columbia

    

    (the
      "Advisor")

    

    OF
      THE SECOND PART

    

    

    WHEREAS:

    

    

    A.  The
      Company is a public company providing bridge loans and other financing for
      film
      projects.

    

    B.  The
      Company wishes to engage the Advisor on the terms and conditions of this
      Agreement.

    

    

    NOW
      THEREFORE THIS AGREEMENT WITNESSES
      that in
      consideration of the material promises and conditions contained in this
      Agreement, the Company and the Advisor agree as follows:

    

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    1. Engagement

    

    
      	 	
              The
                Company hereby engages the Advisor to act as the Vice-President of
                Business and Film Development and the Advisory Board Chair of the
                Company,
                and the Advisor hereby accepts the engagement upon the terms and
                conditions hereinafter set forth.

            

    

    

    

    
      	
              2.

            	
              Period
                of Engagement

            

    

    

    
      	 	
              Subject
                to the provisions for termination as hereinafter provided, the term
                of the
                engagement shall be for an initial period of one year commencing
                on the
                effective date of this agreement and shall automatically renew thereafter
                for one (1) year periods with the mutual agreement of the parties
                (the
                "Period
                of Engagement"),
                unless the Company or the Advisor gives the other party 60 days written
                notice of non-renewal, in which case this Agreement will
                terminate.

            

    

    

    

    
      	
              3.

            	
              Services

            

    

    

    
      	 	
              The
                Advisor agrees to serve in the position and carry out the duties
                and
                responsibilities described in Schedule "A" and perform such other
                services as may be designated from time to time by the
                Company.

            

    

    

    

    
      	
              4.

            	
              Compensation

            

    

    

    
      	(a)  	
              Salary

            

    

    

    The
      Advisor agrees to initially forego a salary in the Company. As the Company
      is
      financially able, the Company and the Advisor shall mutually agree upon a salary
      that shall be commensurate within the industry for such a position. 

    

    
      	 	
              (b)

            	
              Incentives/Bonuses

            

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    
      	 	 	
              In
                addition to the fee set forth above, the Advisor shall be compensated
                from
                time to time by the issuance of additional shares on a performance
                basis.
                Such compensation shall be on an irregular basis and shall be negotiated
                directly between the Company and the
                Advisor.

            

    

    

    
      	 	
              (c)

            	
              Expenses
                Reimbursement

            

    

    

    The
      Company will reimburse the Advisor for the costs of all travel to meetings
      where
      attendance has been specifically requested by the Company.

    

    

    
      	
              5.

            	
              N/A

            

    

    

    

    
      	
              6.

            	
              Termination
                of Engagement

            

    

    

    
      	(a)  	
              Termination
                by the Company 

            

    

    

    The
      Company may at any time during the Period of Engagement terminate this Agreement
      for cause, without notice and without liability for any claim, action or demand
      upon the happening of one or more of the following events:

    

    
      	(i)  	
              if
                the Advisor, fails or refuses, repeatedly, to comply in any material
                respect with the reasonable policies, standards or regulations of
                the
                Company established from time to time in writing and in accordance
                with
                this Agreement;

            

    

    

    
      	(ii)  	
              if
                the Advisor fails to perform in any material respect his duties determined
                by the Company in accordance with this Agreement and consistent with
                the
                customary duties of the Advisor’s
                engagement;

            

    

    

    
      	(iii)  	
              if
                the Advisor conducts himself in a wilfully dishonest, or an unethical
                or
                fraudulent manner that materially discredits the Company or is materially
                detrimental to the reputation, character or standing of the Company;
                or

            

    

    

    
      	(iv)  	
              if
                the Advisor conducts any unlawful or criminal activity, which activity
                materially discredits the Company or is materially detrimental to
                the
                reputation, character or standing of the
                Company.

            

    

    

    Notwithstanding
      the above, the Company may at any time during the Period of Engagement terminate
      this Agreement by paying to the Advisor a lump sum amount equal to three month’s
      fee, and by providing to the Advisor the amount of any performance bonus to
      which the Advisor would have been entitled or becomes entitled to pursuant
      to
      Section 4(b) above. 

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (b) Termination
      by the Advisor

    

    The
      Advisor may terminate this Agreement at any time by providing 60 days written
      notice to the Company and any fee or performance bonus to which the Advisor
      would have been entitled or becomes entitled to pursuant to Section 4(b) above
      will cease on the date of termination.

    

     

    

    7. Property
      of the Company

    

    
      	 	
              The
                Advisor hereby acknowledges and agrees that all personal property,
                including without limitation, all books, manuals, records, reports,
                notes,
                contracts, lists, and other documents, proprietary information (as
                defined
                below), copies of any of the foregoing, and equipment furnished to
                or
                prepared by the Advisor in the course of or incidental to his engagement,
                including, without limitation, records and any other materials pertaining
                to the Company or its business, belonging to the Company shall be
                promptly
                returned to the Company upon termination of the Period of
                Engagement.

            

    

    

    

    8. Proprietary
      Information and Non-Competition

    

    
      	 	
              (a)

            	
              Proprietary
                Information

            

    

    

    
      	 	 	
              "Proprietary
                Information"
                means information about the Company disclosed to the Advisor, known
                by the
                Advisor or developed by the Advisor, alone or with others, in connection
                with his engagement by the Company, which is not generally known
                to the
                industry in which the Company is or may become engaged about the
                Company's
                products, processes, and services, including but not limited to,
                information relating to customers, sources of supply, personnel,
                sources
                or methods of financing, marketing, pricing, merchandising, interest
                rates, or sales.

            

    

    

    
      	 	
              (b)

            	
              Non-Disclosure
                of Proprietary Information

            

    

    

    
      	 	 	
              The
                Advisor acknowledges that all Proprietary Information is received
                or
                developed by him in confidence and is the property of the Company.
                During
                the period of engagement and thereafter, the Advisor will not, directly
                or
                indirectly, except as required by the normal business of the Company
                or
                expressly consented to in writing by the
                Company:

            

    

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
 

    
      	 	 	
              (i)

            	
              disclose,
                publish or make available, other than to an authorized employee,
                Advisor,
                or Advisor of the Company, any Proprietary
                Information;

            

    

    

    
      	 	 	
              (ii)

            	
              sell,
                transfer or otherwise use or exploit any Proprietary
                Information;

            

    

    

    
      	 	 	
              (iii)

            	
              permit
                the sale, transfer, or use or exploitation of any Proprietary Information
                by any third party; or

            

    

    

    
      	 	 	
              (iv)

            	
              retain
                upon termination or expiration of the Period of Engagement any Proprietary
                Information, any copies thereof or any other tangible or retrievable
                materials containing or constituting Proprietary
                Information.

            

    

    

    
      	 	
              (c)

            	
              Disclosure
                of Proprietary Information

            

    

    

    
      	 	 	
              If,
                at any time, the Advisor becomes aware of any unauthorized access,
                use,
                possession or knowledge of any Proprietary Information, the Advisor
                shall
                immediately notify the Company. The Advisor shall provide all reasonable
                assistance to the Company to protect the confidentiality of any such
                Proprietary Information that the Advisor may have directly or indirectly
                disclosed, published or made available to third parties in breach
                of this
                Agreement, including, but not limited to, reimbursement for any and
                all
                solicitor's fees that the Company may incur to protect its rights
                therein.
                The Advisor shall take all reasonable steps requested by the Company
                to
                prevent the recurrence of such unauthorized access, use, possession
                or
                knowledge.

            

    

    

    
      	 	
              (d)

            	
              Interference
                with Business

            

    

    

    
      	 	 	
              During
                the Period of Engagement, the Advisor shall devote sufficient time,
                ability and attention to the business of the Company. During the
                Period of
                Engagement, the Advisor shall not, directly or indirectly, compete
                or
                assist any third party in competing with the Company. Following the
                Period
                of Engagement, the Advisor shall
                not:

            

    

     

    
      	 	 	
              (i)

            	
              employ
                any Proprietary Information for himself or in the service of others
                or
                interfere with the Company's relationship with its clients, purchasers
                or
                suppliers;

            

    

    

    
      	 	 	
              (ii)

            	
              use
                Proprietary Information to solicit business for himself or in the
                service
                of others from clients, suppliers or purchasers of the
                Company;

            

    

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
 

    
      	 	 	
              (iii)

            	
              in
                any way breach the confidence that the Company has placed in the
                Advisor;

            

    

    

    
      	 	 	
              (iv)

            	
              misappropriate
                any Proprietary Information; or

            

    

    

    
      	 	 	
              (v)

            	
              breach
                any of the provisions of this
                section.

            

    

    

     

    9. Assignment,
      Successors and Assigns

    

    
      	 	
              The
                Advisor agrees that he will not assign, transfer or otherwise dispose
                of
                any rights or obligations under this Agreement. Any such purported
                assignment or transfer shall be null and void. Nothing in this Agreement
                shall prevent the consolidation of the Company with, or its merger
                into,
                any other corporation, or the sale by the Company of all or substantially
                all of its properties or assets, or the assignment by the Company
                of this
                agreement and the performance of its obligations hereunder to any
                successor in interest or any affiliated company. Subject to the foregoing,
                this Agreement shall be binding upon and shall enure to the benefit
                of the
                parties and their respective heirs, legal representatives, successors,
                and
                permitted assigns, and shall not benefit any person or entity other
                than
                those enumerated above.

            

    

    

    10. General
      Provisions

    

    
      	 	
              (a)

            	
              Any
                notices to be given hereunder by either party to the other shall
                be in
                writing and may be transmitted by personal delivery or by mail, registered
                or certified, postage prepaid with return receipt requested. Mailed
                notices shall be addressed to the parties at the address appearing
                in the
                introductory section of this Agreement, but each party may change
                that
                address by written notice in accordance with this section. Notice
                delivered personally shall be deemed communicated as of the date
                of actual
                receipt; mailed notices shall be deemed communicated two days after
                the
                date of mailing.

            

    

    

    
      	 	
              (b)

            	
              This
                Agreement supersedes any and all other agreements, either oral or
                in
                writing, between the parties hereto with respect to the engagement
                of the
                Advisor by the Company, and contains all of the covenants and agreements
                between the parties with respect to that engagement in any manner
                whatsoever. Each party to this Agreement acknowledges that no
                representations, inducements, promises, or agreements, orally or
                otherwise, have been made by any party, or anyone acting on behalf
                of any
                party, which are not embodied herein, and that no other agreement,
                statement or promise not contained in this Agreement shall be valid
                or
                binding on either party.

            

    

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              (c)

            	
              The
                parties hereto agree and warrant to use best efforts, due diligence,
                and
                to maintain full disclosure of all matters of the business and conduct
                of
                the parties in respect to this
                Agreement.

            

    

    

    
      	 	
              (d)

            	
              The
                parties hereunto agree and acknowledge that they have each sought
                separate
                counsel because the effects of this Agreement are material to their
                fortunes, and the consequences of this Agreement are onerous, far
                reaching
                and engage serious obligations.

            

    

    

    
      	 	
              (e)

            	
              Any
                modification of this Agreement will be effective only if it is in
                writing
                and signed by the party to be bound
                thereby.

            

    

    

    
      	 	
              (f)

            	
              The
                failure of either party to insist on strict compliance with any of
                the
                terms, covenants, or conditions of this Agreement by other party
                shall not
                be deemed a waiver of that term, covenant or condition, nor shall
                any
                waiver or relinquishment of any right or power at any one time or
                times be
                deemed a waiver or relinquishment of that right to power for all
                or any
                other times.

            

    

    

    
      	 	
              (g)

            	
              If
                any provision to this Agreement is held by a court of competent
                jurisdiction to be invalid, void or unenforceable, the remaining
                provisions shall nevertheless continue in full force without being
                impaired or invalidated in any way.

            

    

    

    
      	 	
              (h)

            	
              This
                Agreement shall be governed by and construed in accordance with the
                laws
                and courts of the Province of British
                Columbia.

            

    

    

    
      	 	
              (i)

            	
              The
                parties hereto agree to execute and to cause to be effected such
                additional documents or matters as shall be required to fully and
                effectually achieve the intent hereof and to achieve matters collateral
                hereto including, but not limited to necessary corporate resolutions,
                necessary regulatory filings, specific management agreements, or
                such
                other matters required between the parties that are necessary to
                effect
                the intent of this Agreement and matters
                collateral.

            

    

    

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

    

    
      	 THE CORPORATE SEAL of	) 	 	 
	 YALETOWN CAPITAL
              INC.	) 	 	 
	 was hereunto affixed in the presence
              	) 	 	 
	 of its duly authorized signatory
              :	) 	 	 
	 Authorized Signatory	) 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 SIGNED, SEALED AND DELIVERED
              by	) 	 	 
	 MURRAY SCHULTZ
              in
              the presence of	) 	 	 
	 Witness Signature)MURRAY
              SCHULTZ	) 	 	 

    

     

     

    
      
         

        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    This
      is SCHEDULE "A" to an Engagement Agreement dated ________ 1,
      2007.

    

    The
      Advisor agrees to serve in the position and with the duties and responsibilities
      as set out below, and to perform such other duties as set out from time to
      time
      from the Company.

    

    POSITION: VICE
      PRESIDENT OF BUSINESS AND FILM DEVELOPMENT and ADVISORY BOARD
      CHAIR

    

    

    DUTIES
      & RESPONSIBILITIES: 

     

     

     

     

     

     

    8

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