Document:

Exhibit 10. 1

 

FORM OF 

 

PERFORMANCE-BASED

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

Non-transferable

 

GRANT TO

 

_______________________

(“Grantee”)

 

by Premiere Global Services, Inc. (the “Company”)
of

 

________

 

restricted stock units convertible into shares
of Stock (the “Performance Units”). The Performance Units are granted pursuant to and subject to the provisions of
the Premiere Global Services, Inc. Amended and Restated 2004 Long-Term Incentive Plan, as amended (the “Plan”) and
to the terms and conditions set forth on the following page (the “Terms and Conditions”). By accepting the Performance
Units, Grantee shall be deemed to have agreed to the Terms and Conditions and the Plan. Capitalized terms used herein and not otherwise
defined shall have the meanings assigned to such terms in the Plan.

 

The target number of Shares subject to this
award is ______ (the “Target Award”). Grantee may earn the Target Award, determined in accordance with the sliding
scale based upon the percentage of achievement of the performance target, as set forth in Exhibit A hereto (the “Performance
Target”).

 

IN WITNESS WHEREOF, Premiere Global Services, Inc., acting by and
through its duly authorized officers, has caused this Agreement to be duly executed as of the Grant Date.

 

 

	 	PREMIERE GLOBAL SERVICES, INC.
	 	 	 	 
	 	By:	 	 
	 	Its:	 	 
	 	 	 	 
	 	Grant Date: 	 	 

 

    	 

    	 

    

TERMS AND CONDITIONS

1.Defined Terms. For purposes
of this Agreement:

(a)“Conversion Date”
means the date of the first payroll following the Company’s fourth quarter and year-end earnings release for fiscal year
____, but no later than March 15, ____.

(b)“Performance Period”
means the period commencing on _______, ____ and ending on_______, ____.

2.Vesting of Performance Units.
The Performance Units have been credited to a bookkeeping account on behalf of Grantee. The Performance Units will be earned, in
whole, in part or not at all, as provided on Exhibit A attached hereto. Any Performance Units that fail to vest in
accordance with the terms of this Agreement will be forfeited and reconveyed to the Company without further consideration or any
act or action by Grantee.

3.Conversion to Shares. Except
as otherwise provided in Section 4 below:

(a)50% of the Performance Units
that are earned based on performance will be converted to actual unrestricted Shares (one Share per vested Performance Unit) on
the Conversion Date. These shares will be registered on the books of the Company in Grantee’s name as of the Conversion Date
and stock certificates for the Shares shall be delivered to Grantee or Grantee’s designee upon request of the Grantee.

(b)The remaining
50% of the Performance Units that are earned based on performance will be converted to service-based Restricted Stock awards (one
Restricted Share per Performance Unit) on the Conversion Date. Such Restricted Stock awards will be subject to the terms and conditions
set forth in a restricted stock award agreement in substantially the form as filed with the Securities and Exchange Commission.

4.Termination of Employment.
If Grantee’s employment is terminated during the Performance Period, the provisions of this Section 4 shall govern the vesting
of any previously unearned Performance Units.

(a)If Grantee’s employment
is terminated (i) by reason of death or Disability, or (ii) by the Company without Cause or by Grantee with Good Reason (as such
terms are defined below) within 12 months following the occurrence of a Change in Control, then the Performance Units shall vest
based upon an assumed achievement of 100% of the Performance Target. Subject to Section 14 hereof, any Performance Units so earned
shall be converted to actual unrestricted Shares (one Share per vested Performance Unit) on the date of Grantee’s termination
of employment, and will be registered in Grantee’s name (or the name of Grantee’s beneficiary) on the books of the
Company as of that date. Such Shares will be delivered to Grantee or Grantee’s beneficiary within 30 days thereafter, in
certificated or uncertificated form, as Grantee or such beneficiary shall direct.

(b)If Grantee’s employment
terminates for any reason other than as described in (a) above, the Performance Units will be forfeited and reconveyed to the Company
without further consideration or any act or action by Grantee.

For purposes of this Agreement, “Cause”
and “Good Reason” shall have the meaning as set forth in Grantee’s severance agreement with the Company or any
of its Affiliates, as in effect from time to time

5.Dividend Rights. If any
dividends or other distributions are paid with respect to the Stock while the Performance Units are outstanding, the dollar amount
or fair market value of such dividends or distributions with respect to the number of shares of Stock then underlying the Performance
Units shall be credited to a bookkeeping account and held (without interest) by the Company for the account of Grantee until the
Conversion Date. Such amounts shall be subject to the same vesting and forfeiture provisions as the Performance Units to which
they relate. Accrued dividends held pursuant to the foregoing provision shall be paid by the Company to Grantee on the Conversion
Date, provided Grantee is then still employed by the Company or an Affiliate, as applicable.

6.Limitation of Rights. The
Performance Units do not confer to Grantee or Grantee’s beneficiary any rights of a shareholder of the Company unless and
until shares of Stock are in fact issued to such person in connection with the Performance Units. Nothing in this Agreement shall
interfere with or limit in any way the right of the Company or any Affiliate to terminate Grantee’s employment at any time,
nor confer upon Grantee any right to continue in employment of the Company or any Affiliate.

7.Restrictions on Transfer.
No right or interest of Grantee in the Performance Units may be pledged, encumbered, or hypothecated to or in favor of any party
other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Grantee to any other party
other than the Company or an Affiliate. The Performance Units are not assignable or transferable by Grantee other than to a beneficiary
or by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A)
of the Code if such Section applied to the Performance Units.

8.Payment of Taxes. The Company
or any Affiliate employing Grantee has the authority and the right to deduct or withhold, or require Grantee to remit to the employer,
an amount sufficient to satisfy federal, state, and local taxes (including Grantee’s FICA obligation) required by law to
be withheld with respect to any taxable event arising as a result of the vesting or settlement of the Performance Units. The withholding
requirement may be satisfied, in whole or in part, by withholding from the settlement of the Performance Units Shares having a
fair market value on the date of withholding equal to the minimum amount (and not any greater amount) required to be withheld for
tax purposes, all in accordance with such procedures as the Company establishes. The obligations of the Company under this Agreement
will be conditional on such payment or arrangements, and the Company, and, where applicable, its Affiliates will, to the extent
permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to Grantee.

9.Amendment. The Committee
may amend, modify or terminate this Agreement without approval of Grantee; provided, however, that such amendment, modification
or termination shall not, without Grantee’s consent, reduce or diminish the value of this award determined as if it had been
fully vested (i.e., as if all restrictions on the Performance Units hereunder had expired) on the date of such amendment or termination.

    	 

    	 

    

10.Plan Controls. The terms
contained in the Plan are incorporated into and made a part of this Agreement and this Agreement shall be governed by and construed
in accordance with the Plan. In the event of any actual or alleged conflict between the provisions of the Plan and the provisions
of this Agreement, the provisions of the Plan shall be controlling and determinative.

11.Successors. This Agreement
shall be binding upon any successor of the Company, in accordance with the terms of this Agreement and the Plan.

12.Severability. If any one
or more of the provisions contained in this Agreement are invalid, illegal or unenforceable, the other provisions of this Agreement
will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included.

13.Notice. Notices and communications
under this Agreement must be in writing and either personally delivered or sent by registered or certified United States mail,
return receipt requested, postage prepaid. Notices to the Company must be addressed to:

Premiere Global Services,
Inc.

3280 Peachtree Road, N.E.

The Terminus Building,
Suite 1000

Atlanta, Georgia 30305

Attn: Director,
Stock Plan Management

or any other address designated by the
Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on file with
the Company, or at any other address given by Grantee in a written notice to the Company.

14.Code Section 409A.

(a)This Agreement shall be interpreted
and administered in a manner so that any amount or benefit payable hereunder shall be paid or provided in a manner that is either
exempt from or compliant with the requirements Section 409A of the Code and applicable Internal Revenue Service guidance and Treasury
Regulations issued thereunder (and any applicable transition relief under Section 409A of the Code).

(b) Notwithstanding
anything this Agreement to the contrary, to the extent that any amount that would constitute non-exempt “deferred compensation”
for purposes of Section 409A of the Code would otherwise be payable under this Agreement by reason of the occurrence of a
Change in Control, or Grantee’s separation from service, such amount will not be payable to Grantee by reason of such circumstance
unless the circumstances giving rise to such Change in Control or separation from service meet any description or definition of
“change in control event” or “separation from service”, as the case may be, in Section 409A of the
Code and applicable regulations (without giving effect to any elective provisions that may be available under such definition).
This provision does not prohibit the vesting of this award upon a Change in Control or separation from service, however defined.
If this provision prevents the payment of any amount, such payment shall be made at the time that would have applied absent the
Change in Control or separation from service, as applicable.

(c)If any amount that would constitute
non-exempt “deferred compensation” for purposes of Section 409A of the Code would otherwise be payable under this Agreement
by reason of Grantee’s separation from service during a period in which Grantee is a “specified employee” (as
defined in Section 409A of the Code and applicable regulations), then payment of such non-exempt amounts shall be delayed until
the earlier of (i) thirty (30) days following Grantee’s death, or (ii) the first day of the seventh month following Grantee’s
separation from service.

    	 

    	 

    

Exhibit A

 

The Performance Target shall be the Company’s achievement
of $_______________ revenue generated from the Company’s software-as-a-service products (“SaaS Revenues”) for
fiscal year ____. The Performance Units will be earned, in whole, in part or not at all, in accordance with the following sliding
scale, with data between points interpolated on a straight-line basis:

 

	SaaS Revenues	Percentage of Performance Units Earned*
	 	0%
	 	50%
	 	60%
	 	70%
	 	80%
	 	90%
	 	100%

 

*Earned Performance Units will be converted
into shares of unrestricted Stock and shares of Restricted Stock as provided in Section 3 of this Agreement.ex10_1.htm

EXHIBIT 10.1

 

SERVICES AGREEMENT

 

THIS AGREEMENT (this “Agreement”) is made as of March 28. 2014 (the “Effective Date”) by and between JSDC, Inc., a corporation organized under the laws of the State of Delaware with a place of business at 122 Red Maple Lane, Mountville, PA 17554 (“JSDC”) and AntriaBio, Inc., a Delaware corporation with a place of business at 890 Santa Cruz Avenue, Menlo Park, CA 94025 (“Company”).

 

In consideration of the mutual covenants set forth in this Agreement, JSDC and Company hereby agree to an exchange of restricted Company common stock (each a “Share” and collectively, the “Shares”) for professional services under the following terms and conditions:

 

	
1.

	
Services

 

JSDC agrees to provide, and Company agrees to accept and pay for in accordance with Section 2 below, the following Consulting Services (“Services”):

 

	
  

	
·

	
Evaluation, analysis and recommendations pertaining to Company’s digital IR strategy and reach

 

	
  

	
·

	
Evaluation, analysis and recommendations pertaining to Company’s existing Investor Relations website and investor materials

 

	
  

	
·

	
Introductions to third-party service providers that can assist with market awareness objectives of Company

 

	
  

	
·

	
Introductions to prominent members of the financial media

 

	
  

	
·

	
Introductions to analysts, brokers, fund managers and other financial service providers that can support Company’s business development and financing objectives

 

	
2.

	
Consideration

 

Company shall pay to JSDC the following Equity Fee (the “Equity Fee”) in consideration for the Services:

 

3,000,000 Shares of restricted common stock of the Company payable in the amount of 250,000 restricted common stock per month over a 12-month period according to the following payment schedule:

	
  

	
a)

	
250,000 shares upon execution of this Agreement

	
  

	
b)

	
250,000 shares on May 1, 2014

	
  

	
c)

	
250,000 shares on June 1, 2014

	
  

	
d)

	
250,000 shares on July 1, 2014

	
  

	
e)

	
250,000 shares on August 1, 2014

	
  

	
f)

	
250,000 shares on September 1, 2014

	
  

	
g)

	
250,000 shares on October 1, 2014

	
  

	
h)

	
250,000 shares on November 1, 2014

	
  

	
i)

	
250,000 shares on December 1, 2014

	
  

	
j)

	
250,000 shares on January 1, 2015

	
  

	
k)

	
250,000 shares on February 1, 2015

	
  

	
l)

	
250,000 shares on March 1, 2015

The Company represents that any Shares issued by the Company for payment of the Equity Fee are duly authorized, validly issued, fully paid and nonassesable.  Attached as Appendix A is (i) documentation in support of the Company’s authorization of the Equity Fee, including the resolutions of the Company’s Board of Directors authorizing and effecting the grant of the Equity

 

1

  

JSDC Initials _________ Company Initials _________

  

  

  

Fee, and (ii) the disclosure of any and all restrictions that apply to the Shares granted to JSDC for payment of the Equity Fee.  To the extent that JSDC desires such Shares to be in a party name other than JSDC, JSDC will notify the Company in writing and the Company shall comply with such request.

In the event of a Change of Control (as defined below) prior to the Expiration Date of this Agreement, Company shall pay to JSDC 100% of the Equity Fee described in Section 2 of this Agreement. For purposes of this Agreement, a “Change of Control” means either the acquisition of the Company by another entity or a sale of all or substantially all of the assets of the Company.

	
3.

	
Term of Service

 

The term of this Agreement is 12 Months, to begin on the Effective Date and ending on April 1, 2015 (the “Expiration Date”).  Notwithstanding any provision herein to the contrary, either party may terminate this Agreement at any time upon at least thirty (30) days prior written notice to the other party.  For the avoidance of doubt, in the event this Agreement is terminated by the Company or JSDC prior to the Expiration Date, the Company shall not be obligated to pay to JSDC the entire Fee, but JSDC shall be entitled to that portion of the Equity Fee that is attributable to the period of time through the date of termination (based upon the vesting schedule set forth in Section 2 above).

 

	
4.

	
Indemnification

 

The Company shall be solely responsible for its products, the content of its website, its IR/PR communications, and its advertising materials, and any claims it makes about its products or its business, and any losses related to the aforementioned, and shall, at its sole cost and expense, defend and indemnify JSDC and hold JSDC harmless from and against any claims, loss, suit, liability or judgment, including reasonable attorney’s fees and costs, arising out of, or in connection with Company’s products, website, IR/PR communications or advertising published/aired hereunder, including, without limitation, for any violations of securities laws or regulations, misrepresentations, false advertising, libel, slander, violation of right of privacy, plagiarism, infringement of copyright or other intellectual property interest, except in the case of JSDC’s unauthorized or negligent use of any information prepared by Company.

 

In connection with the engagement of JSDC to assist the Company, the Company understands and acknowledges that JSDC may use and rely upon and further disseminate information created or provided by the Company, including but not limited to publicly available information such as information contained in the Company’s SEC filings, press releases, and on the Company’s website. The Company expressly does not authorize JSDC to utilize or disclose material, non-publicly available information with respect to the Company to any third party.

 

If JSDC, its affiliates, each other person or entity, if any, controlled by JSDC or any of its affiliates, their respective current and former officers, directors, partners, attorneys, owners, employees and agents, and the heirs, successors and assigns of all of the foregoing persons or entities (collectively, “JSDC Indemnitees”) become involved in any capacity in any pending or threatened claim, suit, action, proceeding, investigation or inquiry (including, without limitation, any shareholder or derivative action or arbitration proceeding) (collectively, a “Proceeding”) (i) in connection with or arising out of any untrue statements or alleged untrue statements of a material fact contained in any information supplied or provided by the Company; (ii) in connection with or arising out of any omission or alleged omission to state therein a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading contained in any information supplied or provided by the Company; or (iii) otherwise only in the case where such JSDC Indemnitee has not otherwise acted negligently or is not in breach of this Agreement, in connection with any matter in any way relating to or referring to this Agreement or

 

2

 

JSDC Initials _________ Company Initials _________

  

  

  

arising out of the matters contemplated by this Agreement, including, without limitation, related services and activities prior to the date of this Agreement, the Company agrees to indemnify, defend and hold the JSDC Indemnitees harmless to the fullest extent permitted by law from and against any losses, claims, damages, liabilities and expenses in connection with any Proceeding, except to the extent that it shall be determined by a court of competent jurisdiction in a judgment that has become final in that it is no longer subject to appeal or other review that such losses, claims, damages, liabilities and expenses resulted solely from the willful misconduct of JSDC.  In addition, if any of the JSDC Indemnitees becomes involved in any capacity in any Proceeding in connection with any matter in any way relating to or referred to in this Agreement or arising out of the matters contemplated by this Agreement, the Company will reimburse the JSDC Indemnitees for their reasonable legal and other expenses (including the cost of any investigation or preparation in connection with any Proceeding) as such expenses are incurred by the JSDC Indemnitees in connection therewith.  If such indemnification is not available or is insufficient to hold the JSDC Indemnitees harmless for any reason, the Company agrees that in no event will it contribute less than the amount necessary to assured that the JSDC Indemnitees are not liable for losses, claims, damages, liabilities and expenses in excess of the amount of fees actually received by JSDC pursuant to this Agreement.

 

The Company further agrees that JSDC, its affiliates, each other person or entity, if any, controlled by JSDC or any of its affiliates, their respective current and former officers, directors, partners, attorneys, owners, employees and agents, and the heirs, successors and assigns of all of the foregoing persons or entities shall not have any liability to the Company, any person asserting claims on behalf of or in the right of the Company, or any of the Company’s directors, employees, owners, parents, affiliates, security holders or creditors for, any losses, claims, damages, liabilities and expenses in connection with any matter in any way related to or referred to in this Agreement or arising out of the matters contemplated by this Agreement, including without limitation, related services and activities prior to the date of this Agreement, except (i) where JSDC or any of its affiliates is in breach of this Agreement or has otherwise acted negligently and (ii) to the extent that it shall be determined by a court of competent jurisdiction in a judgment that has become final in that it is no longer subject to appeal or other review that such losses, claims, damages, liabilities and expenses resulted solely from the willful misconduct of JSDC.

 

The Company will not settle, compromise or consent to the entry of any judgment in or otherwise seek to terminate any Proceeding in respect of which indemnity may be sought hereunder, whether or not any JSDC Indemnitee is an actual or potential party to such Proceeding without JSDC’s prior written consent, unless the Company has given JSDC reasonable prior written notice thereof and such settlement, compromise, consent or termination (i) includes an unconditional release, in form and substance satisfactory to JSDC, of the JSDC Indemnitees from all liability in any way related to or arising out of such Proceeding and (ii) does not impose any actual or potential liability upon the JSDC Indemnitees and does not contain any factual or legal admission by or with respect to the JSDC Indemnitees or any adverse statement with respect to the character, professionalism, due care, loyalty, expertise or reputation of the JSDC Indemnitees or any action or inaction by the JSDC Indemnitees.  The foregoing indemnity agreement shall be in addition to any rights that any indemnified person may have at common law or otherwise.

 

If any JSDC Indemnitee is requested or required to appear as a witness in any action brought by or on behalf of or against the Company or any affiliate of the Company in which JSDC is not named as a defendant, the Company agrees to reimburse JSDC for all expenses incurred by such person in connection with such person appearing and preparing to appear as a witness, including, without limitation, the fees and disbursements of JSDC’s legal counsel.

 

	
5.

	
Confidential Information

 

All information supplied by one party to the other party in connection with this Agreement shall be given in confidence.  Neither party shall disclose any such information to any third party

 

3

 

JSDC Initials _________ Company Initials _________

  

  

  

without prior written consent of the other party. Both parties shall take such precautions, contractual or otherwise, as shall be reasonably necessary to prevent unauthorized disclosure of such information by their employees during the term of this Agreement and for a period of two (2) years thereafter.

 

	
6.

	
Entire Agreement

 

This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties related to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both of the parties hereto.

 

	
7.

	
Governing Law

 

This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without reference to conflict of laws principles.

 

	
8.

	
Waiver

 

The waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect, limit, or waive such party’s right thereafter to enforce and compel strict compliance with every term and condition of this Agreement.

 

	
9.

	
No Right to Assign

 

Neither party has the right to assign, sell, modify, or otherwise alter this Agreement, except upon the express written advance approval of the other party, which consent can be withheld for any reason.

 

	
10.

	
Further Assurances

 

At any time or from time to time after any issuance of securities, the parties agree to cooperate with each other, and at the request of the other party, to execute and deliver any further instruments or documents and to take all such further action as the other party may reasonably request in order to evidence or effectuate the consummation of such issuance.

 

	
11.

	
Severability

 

The parties agree to replace any such invalid or unenforceable provision with a new provision that has the most nearly similar permissible economic and legal effect.

 

	
12.

	
Force Majeure

 

Except for the obligation to pay money, neither party shall be liable to the other party for any failure or delay in performance caused by acts of God, fires, floods, strikes, whether legal or illegal, water damage, riots, epidemics or any other causes beyond such party’s reasonable control, and such failure or delay will not constitute a breach of this Agreement.

 

	
13.

	
Attorney’s Fees

 

In the event any party to this Agreement employs an attorney to enforce any of the terms of the Agreement, the prevailing party shall be entitled to recover its actual attorney’s fees and costs, including expert witness fees.

 

4

 

JSDC Initials _________ Company Initials _________

  

  

  

The parties represent and warrant that, on the date first written above, they are authorized to enter into this Agreement in its entirety and duly bind their respective principals by their signatures below.

 

 

EXECUTED as of the date first written above.

 

 

	
JSDC, Inc (“JSDC”)

	
AntriaBio, Inc. (“Company”)

	
 

 

By:  /s/ Justin Schreiber                   

        Justin Schreiber

 

Title: President

 

Date signed: March 31, 2014

 

	
 

 

By: /s/ Nevan Elam                  

        Nevan Elam

 

Title:  CEO

 

Date signed: March 28, 2014

 

5

 

JSDC Initials _________ Company Initials _________

  

  

  

Appendix A

 

 

 

6

 

 

JSDC Initials _________ Company Initials _________

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