Document:

exhibit.htm

EXHIBIT 10.1

 

October 5, 2011

Shelly Schaffer

[address]

 

Dear Shelly,

The purpose of this letter is to amend and restate certain provisions of your offer letter with Support.com, Inc., a Delaware Corporation (the “Company”) dated July 28, 2009, (the “Offer Letter”) following decisions of the Compensation Committee of the Board of Directors.

In your Offer Letter, the vesting of your stock options in the event of a change in control of the Company is addressed in the following language:

Notwithstanding anything in this letter agreement, the Plan or the applicable stock option agreements to the contrary, if the Company is subject to a Change of Control (as defined in the Stock Option Agreement) before your employment with the Company terminates and you are subject to an Involuntary Termination within 12 months on or after that Change of Control, then 50% of the then-unvested shares subject to the Option will become vested and exercisable at the time of such Involuntary Termination (as defined below). For stock options granted after the date of this letter, 75% of the then-unvested shares subject to those option grants will become vested and exercisable at the time of such Involuntary Termination.  Notwithstanding anything to the contrary in the Stock Option Agreement, a “going private” transaction shall not constitute a Change of Control.

The above language is deleted and in its place the following language is to be inserted:

Notwithstanding anything in this letter agreement, the Plan or the applicable stock option agreements to the contrary, if the Company is subject to a Change in Control (as defined in the Stock Option Agreement) before your employment with the Company terminates and you are subject to an Involuntary Termination within 12 months on or after that Change in Control, then one hundred percent (100%) of the then-unvested shares subject to the Option will become vested and exercisable at the time of such Involuntary Termination (as defined below). For stock options granted after the date of this letter, one hundred percent (100%) of the then-unvested shares subject to those option grants will become vested and exercisable at the time of such Involuntary Termination.  Notwithstanding anything to the contrary in the Stock Option Agreement, a “going private” transaction shall not constitute a Change in Control.

All other terms and conditions in your Offer Letter remain unchanged.

To indicate your acceptance of the Company’s offer, please sign, date, and return this letter to our Human Resources department. A duplicate original is enclosed for your records.

Yours sincerely,

/s/ Josh Pickus

Josh Pickus

President and Chief Executive Officer

By signing this Offer Letter, I hereby accept, acknowledge and agree to the terms and conditions as stated above.

On this 5th day of October, 2011.

/s/ Shelly Schaffer

Shelly Schaffer

Enclosure: Duplicate Letterex104.htm

Advanced Credit Technologies, Inc.

 

Subscription Agreement Information

 

Roy Aafredt

 

PO BOX 96

Eden ,SD. 57232                                           $35,000                      12/2009                      350,000 common                                shares

701-588-4135                                                      Consulting                                           100,000 common                                shares

Richard Wagner

1350 3rd Ave South

Fargo, ND. 58103                                           $10,000                      01/2010                      100,000 common                                shares

701-235-6155

Paul Staffile

14303 Patty Berg Drive

Fort Meyers, FL. 33919                                                      $5000                      02/2010                      50,000 common                                shares

239-433-4423

J. Michael Cullen

3032 23rd Ave SW

Fargo, ND.  58103                                           $10,000                      03/2010                      100,000 common                                shares

701-371-4036

Todd Thomas

8407 Haeg Drive

Bloomington, MN. 55431                                           $10,000                      03/2010                      100,000 common                                shares

952-881-5088

Edward Roos

5415 SW 22nd Ave

Cape Coral, FL. 33917                                                      $5000                      03/2010                      50,000 common                                shares

239-542-3339

Tabatha & Eric Melby                                                      $5000                      04/2010                      50,000 common                                shares

17945 230th Ave

Detroit Lakes, MN. 56501

218-439-6405

Karl & Joni Benardchik

17160 County Road 2

Walcott, ND. 58077                                           $6000                      04/2010                      60,000 common                                shares

701-899-1341

Charles Gillette

3905  24th St

Sioux Falls, SD. 57103                                                      $10,000                      05/2010                      100,000 common                                shares

605-334-2517

Craig Tevedahl

11059 SD Highway 27

Britton, SD. 57430                                           $5000                      05/2010                      50,000 common                                shares

605-880-7506

Pablo Silva

1327 SE 25th Terrace

Cape Coral, FL. 33904                                                      $1250                      05/2010                      12,500                      commonshares

239-362-6556

John Cancelliere                                           $1250                      05/2010                      12,500 common                                shares

501 Avellino Isles Circle #39201

Naples, FL. 34119

239-216-2267

Dave O'Brien                                           $1250                      05/2010                      12,500 common                                shares

16051 Briarcliff Lane

Fort Myers, FL. 33912

239-633-3253

Darrell Vasvick

1509 17th St S

Fargo, ND. 58103                                           $5000                      05/2010                      50,000 common                                shares

701-261-3412

Kim Winters

415 SW 14th Court

Pompano Beach, FL. 33060                                                      $5000                      06/2010                      50,000 common                                shares

954-695-2416

Joyce Lehr

4515 SW 14th Court

Pompano Beach, FL. 33060                                                      $5000                      06/2010                      50,000 common                                shares

954-782-6962

Donald E Smith

22545 North Pearl Lake

Detroit Lakes, MN. 56501                                           $11,000                      06/2010                      110,000 common                                shares

218-849-5759

Chad Wolf

1156 42nd Ave West #A

West Fargo, ND. 58078                                                      $2500                      06/2010                      25,000 common                                shares

701-730-4572

Jill Kornblatt-Danford

805 Saddle Hill

Marietta, GA. 30068                                                      $10,000                      06/2010                      100,000 common                                shares

770-850-8458

Lawrence Hauskins

8300 Norman Center Drive #1150

Bloomington, MN. 55437                                           $5000                      07/2010                      50,000 common                                shares

952-484-3954

Mary McAlpin

3597 Tuckers Farm

Marietta, GA. 30067                                                      $5000                      07/2010                      50,000 common                                shares

770-984-2643

Paul & Beth Norcia

18183 Lansford Path

Lakeville, MN. 55044                                                      $10,000                      08/2010                      100,000 common            shares

952-412-7200

Ruben Zak

3856 Luverne St                                                      $6250                      05/2010                      62,500                      commonshares

Fort Myers, FL. 33091

Consulting                                100,000  common                                shares

239-223-2241

Patrick DeRosa

12070 Lucca Street

Fort Myers, FL. 33966                                                      $2500                      09/2010                      25,000                      commonshares

201-681-1581

William & Sue Griz

3683 Recreation Lane

Naples, FL. 34116                                           $5000                      10/2010                      50,000                      common                      shares

239-450-5386

Lawrence Maloney

20750 Idaho Ave

Lakeville, MN. 55044                                                      $5000                      11/2010                      50,000                      commonshares

651-270-9285

Nan Bowen

100 Royal Oaks Drive

Double Oak, TX. 75077                                                      $5000                      11/2010                      50,000                      commonshares

817-681-5999

Nancy Schlagel-Maloney

20750 Idaho Ave

Lakeville, MN. 55044                                                      $5000                      12/2010                      50,000                      commonshares

651-460-1701

Brad Alsterlund                                                      $7500                      12/2010                      75,000                      commonshares

13563 Foxberry Road

Savage, MN. 55378

952-445-7514

JR Venegas                                           $3000                      12/2010                      30,000                      common                      shares

11139 Cresthaven Trail                                                      $2000                      01/2011                      20,000                      commonshares

Woodbury, MN. 55129

651-270-9003

2011 Investors

Thomas S Montibrand                                                      $17,000                      01/2011                      170,000      commonshares

2192 129th CT NE

Blaine, MN. 55434

763-300-7879

Infinity Capital Group/Tomer Moshe

$1000                      01/2011                      10,000                      common                      shares

110 Tudor Court

Lakewood, NJ. 08701

732-857-0587

Elizabeth James                                                      $10,000                      01/2011                      100,000  common                                shares

1759 Stuart Road West

Princeton, NJ. 08540                                                                           Consulting                      40,0000                                shares

609-203-4204

Rebecca Spinler                                           $5000                      04/2011                      50,000                       common                      shares

 

111 East Kellogg Blvd #3203

 

St Paul, MN. 55101    612-710-9960

 

Greg Montbriand                                           $1000                      05/2011                      10,000                       common                      shares

19367 Ellington Trail

Farmington, MN. 55024

651-463-9507

______________________________________________________________________________

Christopher Melander                                                      $8000                      05/2011                      80,000                       commonshares

19658 Jersey Ave

Lakeville, MN. 55044

952-469-6605

______________________________________________________________________

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