Document:

Unassociated Document

    Option
      No. «grantnumber»

    

    HMS
      HOLDINGS CORP.

    

    

    Non-Qualified
      Stock Option Agreement

    

    

    THIS
      AGREEMENT, made as of the «grantdate» between HMS HOLDINGS CORP., a New York
      corporation (the “Corporation”), and «first» «last» (the “Optionee”), is
      pursuant to the 2006 Stock Plan of the Corporation (the “Plan”). The Plan, as
      adopted by the Board of Directors (the “Board”), was approved by the
      shareholders (the “Shareholders”) of the Corporation on June 6, 2006. Said Plan,
      as it may hereafter be amended and continued by the Board of Directors and
      the
      Shareholders, is incorporated herein by reference and made a part of this
      Agreement.

    

    The
      Plan
      is administered by the Compensation Committee (the “Committee”) of the Board, as
      defined in the Plan. The Board has determined that it would be to the advantage
      and interest of the Corporation and its shareholders to grant the option
      provided for herein to the Optionee as an inducement to remain in the service
      of
      the Corporation, or a Parent or a Subsidiary thereof, and as incentive for
      increased efforts during such service.

    

    NOW,
      THEREFORE, pursuant to the Plan, the Corporation, with the approval of the
      Committee, hereby grants to the Optionee as of the date hereof an option (the
      “Option”) to purchase all or any part of an aggregate of «granted_» shares of
      the Corporation’s common shares, $.01 par value per share (the “Common Stock”),
      at «exerciseprice» per share upon the following terms and
      conditions:

    

    1. The
      Option and all rights of the Optionee to purchase shares of Common Stock
      hereunder shall terminate on «expiration» (hereinafter referred to as the
“Expiration Date”).

    

    

    
      
         

      

      
        Page
          1

        
          

        

      

      
         

        
        

      

    

    

    2. The
      Optionee’s right and option to purchase shares of Common Stock pursuant to the
      Option shall vest as follows:

    

    
      	
              «v1date»

            	 	
              «v1shares»
                shares

            
	
              «v2date»

            	
              an
                additional

            	
              «v2shares»
                shares

            
	
              «v3date»

            	
              an
                additional 

            	
              «v3shares»
                shares

            

    

    

    

    3. Once
      the
      Option has vested in accordance with the preceding Section 2, it shall continue
      to be exercisable until the earlier of the termination of the Optionee’s rights
      hereunder pursuant to Section 5, or the Expiration Date. A partial exercise
      of
      the Option shall not affect the Optionee’s right to exercise the Option with
      respect to the remaining shares subject thereto, subject to the conditions
      of
      the Plan and this Agreement. Full payment for shares acquired shall be made
      in
      cash at or prior to the time that an Option, or any part thereof, is
      exercised.

    

    4. (a)
      Except as provided in Section 5, the Option may not be exercised unless the
      Optionee is, at the time of exercise, an employee, as defined in the Plan,
      of
      the Corporation or of a Parent or Subsidiary, as defined in the Plan, thereof
      (collectively hereinafter referred to as the “Corporation”). The Option shall
      not be affected by any change of duties or position so long as the Optionee
      continues to be an employee of the Corporation. A leave of absence or an
      interruption in service (including an interruption during military service)
      authorized or approved by the Corporation shall not be deemed an interruption
      of
      employment for the purposes of Section 5.

    

    (b)
      No
      partial exercise of the Option may be for less than 100 full shares (or less
      than all the shares as to which the Option is exercisable, if less than 100
      shares), and in no event shall the Corporation be required to issue any
      fractional shares.

    
      
         

      

      
        Page
          2

        
          

        

      

      
         

        HMS
          Holdings Corp. Stock Option Number «grantnumber»

        

      

    

    

    5. In
      the
      event the Optionee shall cease to be employed by the Corporation for any reason,
      including but not limited to by reason of the Optionee’s death or disability,
      all unexercised Options held by the Optionee which are not then exercisable
      by
      the Optionee shall lapse effective the date of termination of employment. To
      the
      extent not theretofore exercised, any Options held by the Optionee which are
      then exercisable shall terminate as follows: If the employment is terminated
      for
      any reason other than “for cause”, disability, as defined below, or death, any
      then exercisable Options shall terminate upon the expiration of one month after
      the termination of employment. If the employment terminates because of a
      permanent and total disability as defined by Section 22(e)(3) of the Internal
      Revenue Code of 1986, as amended (the “Code”) as it now exists or may hereafter
      be amended or because of death, any then exercisable Options shall terminate
      upon the expiration of one year after the termination of employment. If the
      termination is “for cause” as determined by the Board, which shall be deemed to
      mean the deliberate gross misconduct of the Optionee or the violation by the
      Optionee, after any such termination, of the terms of a Restrictive covenant
      and
      Confidentiality/Non-Disclosure Agreement with the Corporation, any then
      exercisable Options shall terminate upon the termination of
      employment.

    

    6. Nothing
      in this Agreement shall confer upon the Optionee any right to continue in the
      employ or service of the Corporation or affect the right of the Corporation
      to
      terminate the Optionee’s employment or service at any time.

    

    7. (a) The
      Optionee may exercise the Option with respect to all or any part of the shares
      then exercisable by giving the Corporation written notice at 401 Park Avenue
      South, New York, New York 10016. Such notice shall specify the number of shares
      as to which the Option is being exercised and shall be preceded or accompanied
      by payment in full in accordance with Section 3 hereof.

    

    (b) Prior
      to
      or concurrently with delivery by the Corporation to the Optionee of a
      certificate(s) representing such shares, the Optionee shall:

    

    (i) upon
      notification of the amount due, pay promptly any amount necessary to satisfy
      applicable federal, state or local tax requirements; and

    

    (ii) if
      such
      shares are not currently or effectively registered under the Securities Act
      of
      1933, as amended (the “Act”) and applicable state securities laws, give
      satisfactory assurance in writing signed by the Optionee or his legal
      representative, as the case may be, that such shares are being purchased for
      investment and not with a view to the distribution thereof.

    
      
         

      

      
        Page
          3

        
          

        

      

      
         

        HMS
          Holdings Corp. Stock Option Number «grantnumber»

        

      

    

    

    

    (c) As
      soon
      as practicable after receipt of the notice and payment referred to in
      subparagraph (a) of this Section 7, the Corporation shall cause to be delivered
      to the Optionee at the office of the Corporation at 401 Park Avenue South,
      New
      York, New York 10016 or such other place as may be mutually acceptable to the
      Corporation and the Optionee, a certificate or certificates for such shares;
      provided however, that the time of such delivery may be postponed by the
      Corporation for such period of time as may be required for the Corporation,
      with
      reasonable diligence, to comply with applicable registration requirements under
      the Act, the Securities Exchange Act of 1934, as amended, and any requirements
      under any other law or regulation applicable to the issuance or transfer of
      shares. If the Optionee fails for any reason to accept delivery of all or any
      part of the number of shares specified in such notice upon tender of delivery
      thereof, his right to purchase such undelivered shares may be
      terminated.

    

    8. If
      the
      total outstanding shares of Common Stock of the Corporation shall be increased
      or decreased or changed into or exchanged for a different number or kind of
      shares of stock or other securities of the Corporation or of another corporation
      through reorganization, merger or consolidation, recapitalization, stock split,
      split-up, combination or exchange of shares or declaration of any dividends
      payable in stock, then the Board shall proportionally adjust the number of
      shares (and price per share) subject to the unexercised portion of this Option
      (to the nearest possible full share) subject in all cases to the limitations
      of
      Section 425 of the Code.

    

    9. This
      Option shall not be transferable other than by will or by the laws of descent
      and distribution, or pursuant to a qualified domestic relations order as defined
      by the Code or Title I of the Employee Retirement Income Security Act, or the
      rules thereunder. During the lifetime of the Optionee, this Option shall be
      exercisable only by the Optionee. In the event of any attempt by the Optionee
      to
      transfer, assign, pledge, hypothecate or otherwise dispose of the Option or
      of
      any right hereunder, except as provided for herein, or in the event of the
      levy
      of any attachment, execution or similar process upon the rights or interest
      hereby conferred, the Corporation may terminate this Option by notice to the
      Optionee and it shall thereupon become null and void.

    

    

    

    
      
         

      

      
        Page
          4

        
          

        

      

      
         

        HMS
          Holdings Corp. Stock Option Number «grantnumber»

        

      

    

    IN
      WITNESS WHEREOF, the Corporation has caused this Agreement to be signed by
      a
      duly authorized officer, and the Optionee has affixed his signature
      hereto.

    

    

    
      	 	By:
              HMS HOLDINGS CORP.
	 	 	 
	 	 	 
	 	
              Signature:

            	
               

            
	 	 	
              Robert
                M. Holster

            
	 	 	
              Chairman
                and Chief Executive Officer

            
	 	 	 
	 	
              Date:

            	
              «grantdate»

            

    

    

    

    The
      undersigned reaffirms his (her) obligations under a previously executed
      Restrictive Covenant/Non-Compete Agreement with the Corporation and agrees
      that
      his (her) reaffirmation of such obligations is an inducement to the Corporation
      to grant the Option covered by this Agreement.

    

    

    
      	 	
              Optionee:
                

            	
               

            
	 	
               

            	
              «first»
                «last»

            
	 	 	 
	 	
              Date:

            	
               

            

    

    

    
      
         

      

      
        Page
          5Unassociated Document

    10.2
      AMENDMENT TO SETTLEMENT AGREEMENT

     

    This
      Amendment to the Settlement Agreement of Debt to Stock Conversion (the
“Amendment”) is made and entered effective as of the 14th day of November 2006,
      by and between B2Digital, Incorporated, a Delaware corporation (“B2Digital”)
      with corporate offices at 4425 Ventura Canyon Ave., Suite 105 Sherman Oaks,
      CA
      91423 and Coast Communications, Inc., a Nevada corporation (“Coast”) with
      corporate offices at 1030 S. Mesa Drive, Mesa, Arizona 85210 (collectively,
      B2Digital and Coast are known as the “Parties”). 

     

    RECITALS

     

    A. WHEREAS,
      the Parties previously entered into a Settlement Agreement of Debt to Stock
      Conversion dated September 12, 2005 (the “Agreement”), under which B2Digital
      issued Coast certain shares of common stock of B2Digital in exchange for
      forgiveness and cancellation of $450,000 of principal and interest of promissory
      notes in the aggregate amount of $1,400,000, payable with 7.5% interest per
      annum. At November 15, 2006, $1,262,500 of principal and interest remains due
      under these notes (the “Notes”). The Notes were originally issued in connection
      with the acquisition by B2Digital of the assets of privately-held Hotel Movie
      Networks, Inc., a Nevada corporation, under an Asset Purchase Agreement with
      Coast dated March 31, 2003 (the “Asset Agreement”) and were filed as exhibits to
      B2Digital’s Form 8-K dated April 18, 2003. 

     

    B. WHEREAS,
      under the Agreement, Coast was entitled to convert the amounts remaining under
      the Notes into B2Digital’s common stock at a 50% discount to market price to be
      based upon the last five days average trading price.

     

    C. WHEREAS,
      the Parties desire to amend the Agreement to convert $400,000 of the Notes
      into
      common stock at $.04 per share. 

     

    NOW,
      THEREFORE, in consideration of the foregoing recitals, and the mutual covenants,
      obligations, and mutual general release contained herein, the Parties hereby
      agree to amend the Agreement as follows:

     

     

    AGREEMENT

     

    1. The
      Parties agree and acknowledge that the foregoing Recitals are true and
      correct.

     

    2. Coast
      agrees to convert $400,000.00 of the balance of the Notes into restricted shares
      of common stock of B2Digital (the “Share(s)”) at $0.04 per Share. The Shares
      will be issued as follows: 6,000,000 shares to be issued November 2006 and
      4,000,000 shares to be issued December 2006.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3. It
      is
      understood by the Parties that $862,500.00 (representing remaining principal
      and
      interest at November 15, 2006) plus continuing accrued interest of 7.5% remains
      under Notes until paid in full and will continue to be secured by the Notes
      and
      the assets secured thereunder. At Coast’s option, the remaining principal and
      interest due under Notes may be converted into restricted Shares, at a
      conversion price to be agreed upon between the parties.  

     

    4. It
      is
      understood that, other than set forth under this Agreement and this Amendment,
      all obligations under the Asset Agreement, Notes and related obligations have
      been fulfilled by B2Digital.

     

    5. The
      remaining terms and conditions of the Agreement shall remain the same and govern
      this Amendment as applicable.

     

    IN
      WITNESS WHEREOF, the Parties have executed original counterparts of this
      Amendment effective as of the day and year first written above.

     

    
      	 	 	 
	 	B2Digital,
              Incorporated
	 
 	 
 	 
 
	 	By:  	Robert
              Russell
	 	
              
Its:
              Chairman of the Board - President 
	 	 
	 	 
	 	/s/  Robert
              Russell
	 	
              
Robert
              Russell
	 	 
	 	 
	 	/s/ Marcia A. Pearlstein 
	 	
              
Marcia
              A. Pearlstein -
              Director 

      	 	 	 
	 	COAST
              COMMUNICATIONS, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Ernest
              G.
              McKay
	 	
              
Its:
              President
	 	 
	 	 
	 	/s/Ernest G. McKay 
	 	
              
                

              

              Ernest G.
                McKay

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