Document:

Amended and Restated Restricted Stock Agreement - Felix M. Villamil Pagani

 Exhibit 10.5 
 EXECUTION VERSION 
 CARIB LATAM HOLDINGS, INC. 

AMENDED AND RESTATED 
 RESTRICTED STOCK AGREEMENT 
 THIS AMENDED AND RESTATED RESTRICTED STOCK
AGREEMENT (the “Agreement”), made as of this 17th day of April, 2012, to be effective as of the 11th day of February, 2011 (the “Date of Grant”), by and between Carib Latam Holdings, Inc. (the
“Company”) and Felix M. Villamil Pagani (the “Executive”). 
 W I T N E S S E
T H: 
 WHEREAS, Carib Holdings, Inc. (“Holdings”) has previously granted Executive shares of
non-voting Class B Common Stock of Holdings (“Holdings Class B Shares”) pursuant that Restricted Stock Agreement between Holdings and the Executive dated as of February 11, 2011 (the “Restricted Stock
Agreement”); 
 WHEREAS, in connection with a corporate reorganization (the
“Reorganization”), Holdings has become a wholly-owned subsidiary of the Company and all Holdings Class B Shares have been contributed to the Company; 
 WHEREAS, the Holdings Class B Shares previously granted to the Executive have been converted into shares of non-voting Class B Common Stock of the Company (“Class B Shares”); and

 WHEREAS, the Company and the Executive desire to amend and restate the Restricted Stock Agreement in order to reflect the
foregoing. 
 NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the parties hereto hereby agree
as follows: 
 1. Grant of Restricted Stock. Subject to the terms, conditions and restrictions set forth herein,
the Company hereby grants to the Executive 80,000 Class B Shares (the “Restricted Shares”). The Restricted Shares are not granted under the Carib Latam Holdings, Inc. 2010 Equity Incentive Plan (the
“Plan”), but will be subject to the terms of the Plan, this Agreement and the related Stockholder Agreement (as defined herein). 
 2. Restrictions. Except as provided in the Plan or this Agreement, the restrictions on the Restricted Shares are that they will be forfeited by the Executive and all of the
Executive’s rights to such shares shall immediately terminate without any payment or consideration by the Company, in the event of any sale, assignment, transfer, hypothecation, pledge or other alienation of such Restricted Shares made or
attempted, whether voluntary or involuntary, and if involuntary whether by process of law in any civil or criminal suit, action or proceeding, whether in the nature of an insolvency or bankruptcy proceeding or otherwise, without the written consent
of the Board. 
 3. Vesting. 
 (a) General. Subject to the terms and conditions set forth herein and the Plan, the Executive will become vested in the Restricted Shares in equal bi-weekly installments of 769 Class B Shares on
each of the Company’s normal payroll dates until June 1, 2013, at which time the remaining Restricted Shares shall become fully vested; provided, that, in each case, the Executive is then employed by the Company or an
Affiliate of the Company. 

  
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 (b) Termination of Employment. In the event of the termination of Executive’s
employment without Cause or due to Executive’s death or Disability, the Restricted Shares that have not become vested at the time of such termination shall become vested. In the event of the termination of Executive’s employment by for
Cause, all unvested Restricted Shares shall be forfeited. For purposes of this Agreement, “Cause” shall have the meaning given to such term in the Confidential Modification Agreement and General Release between EVERTEC, Inc., Holdings and
the Executive dated as of February 24, 2012. 
 (c) Change In Control. In the event of a Change in Control, the
Restricted Shares that have not become vested at the time of such Change in Control shall become vested upon such Change in Control. 
 (d) Initial Public Offering. In the event of an initial Public Offering, all Restricted Shares shall remain outstanding and continue to vest in accordance with their original vesting terms as set
forth in Section 3(a) above. 
 4. Repurchase. 

(a) In the event of any termination of the Executive’s employment other than by the Company for Cause, the Company shall have the
right, but not the obligation, to repurchase any or all vested Restricted Shares at a price per share equal to the per share Fair Market Value as of the time of such repurchase. 

(b) In the event of the termination of the Participant’s employment by the Company for Cause, the Company shall have the right, but
not the obligation, to repurchase any or all vested Restricted Shares at a price per share equal to the lesser of (i) $10.00 or (ii) the per share Fair Market Value as of the time of such repurchase. 

5. Stockholder Agreement. The grant of Restricted Shares hereunder is subject to and contingent upon Executive’s
execution of an Adoption Agreement pursuant to which Executive will become bound by the terms and conditions set forth in that certain Stockholder Agreement, dated April 17, 2012, by and among the Company and the stockholders of the Company
(the “Stockholder Agreement”), including those terms and conditions applicable to Management Holders (as defined therein). 
 6. Rights as Stockholder; Dividends. The Executive shall be the record owner of the Restricted Shares, and as record owner shall be entitled to all rights of a stockholder of the
Company subject to the terms of the Stockholder Agreement. 
 7. Tax Withholding. In the event that the
Company determines that tax withholding is required with respect to the Executive, the Executive shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Executive pursuant to the
Plan, the amount of any required withholding taxes in respect of the Restricted Stock Award and to take such other action as the Committee deems necessary to satisfy all obligations for the payment of such

  
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withholding and taxes. The Committee may permit the Executive to satisfy the withholding liability: (a) in cash, (b) by having the Company withhold from the number of Class B Shares
otherwise issuable or deliverable pursuant to the settlement of the Restricted Shares a number of shares with a Fair Market Value equal to the minimum withholding obligation, (c) by delivering Class B Shares owned by the Executive that are
Mature Shares, or (d) by a combination of any such methods. For purposes hereof, Class B Shares shall be valued at Fair Market Value. 
 8. Compliance with Law. Notwithstanding any of the provisions hereof, the Executive hereby agrees that the Company will not be obligated to issue or transfer any shares to the Executive
hereunder, if the issuance or transfer of such shares shall constitute a violation by the Executive or the Company of any provisions of any law or regulation of any governmental authority. Any determination in this connection by the Committee shall
be final, binding and conclusive. 
 9. Notice. Every notice or other communication relating to this Agreement
shall be in writing, and shall be mailed to or delivered to the party for whom it is intended at such address as may from time to time be designated by it in a notice mailed or delivered to the other party as herein provided; provided,
that, unless and until some other address be so designated, all notices or communications by the Executive to the Company shall be mailed or delivered to the Company at its principal executive office, and all notices or communications by the
Company to the Executive may be given to the Executive personally or may be mailed to him at his address as recorded in the records of the Company. 
 10. Binding Effect. This Agreement shall be binding upon the heirs, executors, administrators and successors of the parties hereto. 

11. Governing Law. This Agreement shall be construed and interpreted in accordance with the laws of the Commonwealth of
Puerto Rico without regard to its conflict of law principles. 
 12. Plan. The terms and provisions of the Plan
are incorporated herein by reference, and the Executive hereby acknowledges receiving a copy of the Plan. In the event of a conflict or inconsistency between the terms and provisions of the Plan and the provisions of this Agreement, this Agreement
shall govern and control. In the event of a conflict or inconsistency between the terms and provisions of the Plan or the provisions of this Agreement and the Stockholder Agreement, the Stockholder Agreement shall govern and control. All capitalized
terms not defined herein shall have the meanings ascribed to them as set forth in the Plan. 
 13. Interpretation.
Any dispute regarding the interpretation of this Agreement shall be submitted by the Executive or the Company to the Committee for review. The resolution of such a dispute by the Committee shall be binding on the Company and the Executive.

 14. No Right to Continued Employment. Nothing in this Agreement shall be deemed by implication or otherwise to
impose any limitation on any right of the Company to terminate the Executive’s employment. 
 15.
Severability. Every provision of this Agreement is intended to be severable and any illegal or invalid term shall not affect the validity or legality of the remaining terms. 

  
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 16. Headings. The headings of the Sections hereof are provided for convenience
only and are not to serve as a basis for interpretation of construction, and shall not constitute a part of this Agreement. 

17. Entire Agreement. This Agreement contains the complete understanding of the parties with respect to the subject matter
hereof and supersedes all prior agreements and understandings, including, without limitation, the Restricted Stock Agreement, and the Restricted Stock Agreement is hereby terminated and of no further force and effect. 

18. Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be deemed an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 [SIGNATURE PAGE FOLLOWS]

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set
forth above. 
  

			
	CARIB LATAM HOLDINGS, INC.
		
	By:	 	 /s/ Carlos Ramirez

	Name:	 	Carlos Ramirez
	Title:	 	Executive Vice President

  

	
	EXECUTIVE:
	
	 /s/ Felix M. Villamil Pagani

	Name: Felix M. Villamil Pagani

  

			
	Solely with respect to Section 17:
	
	CARIB HOLDINGS, INC.
		
	By:	 	 /s/ Carlos Ramirez

	Name:	 	Carlos Ramirez
	Title:	 	Executive Vice President

 Signature Page to Villamil Restricted Stock Agreement<![CDATA[Rule 10b5-1 Sales Plan,John H. Marmaduke and Sterne Agee & Leach, Inc]]>

 Exhibit 10.1 
 John H. Marmaduke 
 Hastings Entertainment, Inc. 

Common Stock 
 Reference number 

Rule 10b5-1 Sales Plan 
 I, John H. Marmaduke, have, as of the date set forth below, established this Sales Plan (the “Plan”) in order to sell shares of Hastings Entertainment, Inc. (the “Issuer”) common stock
pursuant to the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). This Plan replaces my prior plan and constitutes written notice of the termination of the prior plan. This Plan is
adopted as of April 13, 2012. 
 I request that Sterne, Agee & Leach, Inc. (“Sterne Agee”) execute the
Plan as follows: 
  

	1.	Starting on May 1, 2012, and subject to paragraph 1(d) below, 

  

	 	a.	 For securities other than stock options,1 sell on The NASDAQ Stock Market, LLC (the “Exchange”) shares in accordance with the following formula and direction: 

During the period beginning May 1, 2012, and ending April 30, 2013, in each calendar month sell a total of 8,000 shares of
common stock of the Issuer. 
  

	 	b.	If for any reason the total number of shares designated to be sold in any one calendar month are not sold, the unsold balance shall be sold in the next calendar month
or months. 

  

	 	c.	No stock options will be exercised or sold under this Plan. 

  

	 	d.	Notwithstanding any provision herein to the contrary, in the course of selling the shares as described in paragraph 1(a) above, Stern Agee shall use its reasonable best
efforts to sell such shares in a manner so that such sales do not adversely affect the trading price for shares on the Exchange or any other securities exchange on which the shares are listed. In any case, Stern Agee shall not sell during any period
of three (3) consecutive trading days a number of shares in excess of one half (1/2) of the average daily trading volume of the shares during the thirty (30) day period immediately preceding such three day period.

  

	2.	The Plan shall end on the earliest of: 

  

	 	a.	April 30, 2013; 

  

	 	b.	the completion of all sales contemplated in paragraph 1 of the Plan; 

  

	 	c.	John H. Marmaduke’s or Sterne Agee’s reasonable determination that: 

 

	1 	For the purposes of the Plan, “stock options” means stock options issued by the Issuer, not, for example, publicly traded options. 

	 	(i)	the Plan does not comply with Rule 10b5-1 or other applicable securities laws; 

 

	 	(ii)	John H. Marmaduke has not, or Sterne Agee has not, complied with the Plan, Rule 10b5-1 or other applicable securities laws; or 

 

	 	(iii)	John H. Marmaduke has made misstatements in its Client Representation Letter to Sterne Agee; 

 

	 	d.	the filing of a bankruptcy petition by the Issuer; 

  

	 	e.	the public announcement of a merger, recapitalization, acquisition, tender or exchange offer, or other business combination or reorganization resulting in the exchange
or conversion of the shares of the Issuer into shares of a company other than the Issuer; 

  

	 	f.	the public announcement of a public offering of securities by the Issuer; or 

 

	 	g.	receipt by Sterne Agee of written notice of termination from John H. Marmaduke pursuant to paragraph 12 below. 

 

	3.	If Sterne Agee must suspend sales allocated under the Plan, pursuant to paragraph 1 above, on a particular day for any of the following reasons:

  

	 	a.	a day specified by the Plan is not a day on which the shares trade regular way on the Exchange; 

 

	 	b.	trading of the shares on the Exchange is suspended for any reason; 

  

	 	c.	there is insufficient demand for any or all of the shares at or above the specified price; 

 

	 	d.	Sterne Agee cannot effect a sale of shares due to legal, regulatory or contractual restrictions applicable to it or to John H. Marmaduke (including without limitation,
Regulation M); or 

  

	 	e.	if the shares are being sold pursuant to a registration statement, the termination, expiration, suspension or unavailability of the registration statement;

 then Sterne Agee will resume sales in accordance with paragraph 1 above on the next day specified in the Plan after the
condition causing the suspension of sales has been resolved to the satisfaction of Sterne Agee and John H. Marmaduke. Shares allocated under the Plan for sale during the period when sales under the Plan are suspended will be sold if they are
otherwise eligible for sale under the Plan at a later date. 
  

	4.	At the discretion of Sterne Agee, but subject to paragraph 1(d) above, shares allocated under the Plan for sale on a given day or date may be sold in bulk or in smaller
increments, depending upon market demand and the minimum price established in paragraph 1. 

  
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	5.	In the event of a stock split or reverse stock split, the dollar amount at which shares are sold will be automatically adjusted proportionately.

  

	6.	Unless John H. Marmaduke has indicated otherwise in paragraph 2 above, in the event of a reincorporation or other corporate reorganization resulting in an automatic
share-for-share exchange of new shares for the type of shares subject to the Plan, then the new shares will automatically replace the type of shares originally specified in the Plan. 

 

	7.	Rule 144 and Rule 145 

  

	 	a.	John H. Marmaduke requests and authorizes Sterne Agee to file on his behalf the Forms 144 submitted to Sterne Agee necessary to effect the Plan, if any.

  

	 	b.	If appropriate, John H. Marmaduke understands and agrees that Sterne Agee will file one Form 144 at the beginning of each three-month period, commencing prior to the
date of the first sale made under the Plan, and that each Form 144 shall state that the sales are being effected in accordance with a sales plan intended to comply with Rule 10b5-1. 

 

	 	c.	Sterne Agee will conduct sales pursuant to Rule 144 or Rule 145 if appropriate, including applying Rule 144 volume limitations. 

 

	8.	Indemnification. 

  

	 	a.	John H. Marmaduke agrees to indemnify and hold harmless Sterne Agee from and against all claims, losses, damages and liabilities arising out of inquires and/or
proceedings resulting from assertions that: 

  

	 	(i)	the Plan or sales made under the Plan do not comply with Rule 10b5-1 or with state securities laws or regulations prohibiting trading while in possession of material
nonpublic information and 

  

	 	(ii)	Sterne Agee has not executed any sales pursuant to the provisions of the Plan. 

 

	 	b.	This indemnification will survive termination of the Plan. 

  

	9.	The Plan may be modified or amended only upon: 

  

	 	a.	the written agreement of John H. Marmaduke and Sterne Agee and 

  

	 	b.	the receipt by Sterne Agee of a certificate that John H. Marmaduke has signed to the effect that the representations, warranties and covenants contained in John H.
Marrmaduke’s Client Representation Letter, dated the date hereof, are true as of the date of such certificate. 

  

	10.	The Plan may be signed in counterparts, each of which will be an original. 

  
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	11.	The Plan and John H. Marmaduke’s above-mentioned Client Representation Letter, dated the date hereof, together constitute the entire agreement between John H.
Marmaduke and Sterne Agee regarding the Plan. 

  

	12.	All notices given by the parties under this Plan will be as follows: 

  

	 	a.	If to Sterne Agee: 

 Sterne,
Agee & Leach, Inc. 
 ATTN: Bob Nasi 
 13727 Noel Road, Suite 730 
 Dallas, Texas 75240 

 

	 	b.	If to me: 

 John H. Marmaduke

 PO Box 35350 
 Amarillo, TX 79120 
 [Remainder of Page Intentionally Left Blank] 

  
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	13.	This Plan will be governed by and construed in accordance with the internal laws of the State of New York. 

 

			
	By:	 	 /s/ John H. Marmaduke

		 	 Name: John H. Marmaduke

		 	Date: April 13, 2012
		
		 	Acknowledged and Agreed this 13th day of April, 2012
		
		 	Sterne, Agee & Leach, Inc.
		
	By:	 	 /s/ Bob Nasi

		 	Bob Nasi, Vice President
		 	 Institutional Sale Trading

Sterne, Agee & Leach, Inc.

  
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