Document:

Exhibit 10.1 (7.6.15)

		
			Exhibit 10.1
		

		
			 
		

			
					
						 

					
					
						 

					
						 

					
						 

					
						 

				
	
					
						 

					
					
						MSC Industrial Supply Co.

					
						Tel.800.645.7270

					
						Fax.800.255.5067

					
						www.mscdirect.com

					
						 

				

		
			June 29, 2015 
		

		
			 
		

		
			Rustom Jilla
		

		
			106 Beechwood Road
		

		
			Summit, NJ  07901
		

		
			 
		

		
			Dear Rustom,
		

		
			 
		

		
			  
		

		
			We are very pleased to extend a conditional offer of employment to you for the position of Executive Vice President and Chief Financial Officer, reporting to Erik Gershwind, President and Chief Executive Officer with MSC Industrial Supply Co.  This offer is conditional upon your completion of a satisfactory background check.  The effective date of your employment is to be determined. 
		

		
			 
		

		
			As an exempt associate, your annualized base salary will be $475,000.00.  This will be earned and paid, every other Thursday, at the bi-weekly rate of $18,269.23.  After your start date, you will also receive a restricted stock grant valued at $500,000, subject to a 5-year vesting period.  You will be eligible for a company bonus in November, 2016 for the performance period of September 1, 2015 through August 31, 2016.    Although future bonuses are not guaranteed, your annual company bonus target will be 70% of your annual base salary.  These bonus targets vary each year and are based on company and individual performance, as well as Board approval.
		

		
			 
		

		
			Regarding the equity portion of your compensation package, you will be eligible to receive an annual equity grant valued at $700,000 in October, 2015.  The equity grant will be in the form of restricted stock units, non-qualified stock options, and/or performance based RSUs, and subject to an award agreement.  The equity grant is generally made annually but is not guaranteed, but based on company and individual performance, as well as Board approval.  
		

		
			 
		

		
			MSC will provide you with a leased, four-door car valued at $55,000.  MSC will pay for the insurance, maintenance and gas for the vehicle.  In the alternative, you may opt for a car allowance of $1,100.00 per month, which is paid in 26 bi-weekly payments per year.  Please be advised that either the lease or the allowance benefit is considered income and may have tax implications.  You should consult a tax expert for advice on this issue. 
		

		
			 
		

		
			As a full-time associate of MSC, you may elect to participate in all of our benefits when eligible.  As an Executive Vice President, you are not subject to a set vacation or sick pay schedule but may take time off as needed with the agreement of your direct manager.  In addition, our standard benefit package includes major medical/dental insurance, 401(k) savings plan and tuition reimbursement.  Based upon a start date within the month of July 2015, you will be eligible to enroll in our medical/dental insurance and 401(k) savings plans on September 1, 2015. 
		

		
			 
		

		
			Under separate cover, you will be sent a new associate orientation packet that includes a Change of Control document, MSC’s “Associate Confidentiality, Non-Solicitation and Non-Competition 
		

		
			 
		

		

		

		 

		

			An Affirmative Action/Equal Opportunity Employer

		

		

			 

		

 

		Agreement,” as well as the “Prior Employment Compliance Agreement,” execution of which is a condition of your employment.  Neither this condition, nor this offer letter should be construed as a contract of employment.  Additionally, your employment is contingent upon you providing appropriate documentation as required by Federal law to prove your identity and eligibility to work in the United States.  Please bring the appropriate document(s) and paperwork on your first day of employment.  A complete list of eligible documents can be found on the I-9 Form provided.  
		

		
			 
		

		
			After you have had a chance to review this information, feel free to call me at 980-428-0754 if you have any questions.
		

		
			 
		

		
			Rustom, on behalf of Erik and everyone at MSC, I am thrilled to have you part of our team and MSC.  I look forward to working with you.
		

		
			 
		

		
			Sincerely,
		

		
			 
		

		
			 
		

		
			Kari Heerdt
		

		
			SVP, Chief People Officer
		

		
			 
		

		
			 
		

		
			Your signature below indicates that you have read and understand the contents of this letter and accept the position of Executive Vice President and Chief Financial Officer for MSC Industrial Supply Co.
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Rustom Jilla

					
					
						 

					
					
						June 30, 2015

				
	
					
						Signature

					
					
						 

					
					
						DateYOU On Demand Holdings, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1 

CERTAIN MATERIAL (INDICATED BY AN ASTERISK) 
HAS BEEN
OMITTED FROM THIS DOCUMENT 
PURSUANT TO A REQUEST FOR CONFIDENTIAL

TREATMENT. THE OMITTED MATERIAL HAS BEEN 
FILED SEPARATELY WITH THE
SECURITIES AND 
EXCHANGE COMMISSION. 

Mobile Phone Video-On-Demand (VOD) Business Cooperation
Agreement 

Party A: C Media Limited 
Address: CN11,
LEGEND TOWN, No. 1 Balizhuang Dongli, Chaoyang District, Beijing

Contact: [*****] 
Tel: [*****] 

Party B: Zhonghai Video Media (Beijing) Co., Ltd.

Address: Suite 2603, Tower A, Office Park, 10 Jin Tong West Road,
Chaoyang District, Beijing 
Contact: [*****] 
Tel: [*****]

I. Cooperation Content 

1. Service Mode 
Party A shall operate the “YOU
Hollywood” branded movie zone and make sure that each end user can view Party
B’s subscription video on demand (“SVOD”) products and true video on demand
(“TVOD”) products after paying the viewing fee via cooperation zone. 

Party B shall provide Party A with licensed content in
accordance with a document of licensed content preselected by Party A
(“preselected movie list”), and provide preliminary services including licensed
content integration and technical test. 

2. Authorization 
The Parties shall jointly work and
cooperate on the mobile phone video service platform permitted by the legal
license owned by Party A. Party A shall transmit and broadcast licensed content
under this Agreement. Party A may not use licensed content for any purpose other
than the one expressly stated herein. 

3. Broadcast Time 
In each year of cooperation,
subject to the license agreement signed by and between Party B and upstream
movie studios, the broadcast time of SVOD shall be 12 months and the broadcast
time of new TVOD movies shall be 3 months. The specific broadcast time of each
movie (“movie usage period”) shall be counted from the date when Party A first
releases that movie to all zones. Party A shall release movies in strict accordance with the requirement of movie use
period and timely change movies upon expiration of movie use period. 

4. Licensed Content 

	 	1) 	
      During cooperation, Party B shall provide Party A with
      [*****].

	 	2) 	
      TVOD service period shall be [*****], and Party B shall
      provide Party A with at least [*****] within the service period.

	 	3) 	
      Party B reserves the right to replace movies, provided
      that movies following replacement shall be of the same grade as movies
      before replacement.

	 	4) 	
      All licensed content provided by Party B may be used
      within the scope agreed by the Parties. The list of all optional licensed
      content shall be provided by Party B to Party A prior to execution of this
      Agreement. In case of other change, the supplemental agreement concluded
      by the Parties shall prevail. 

5. Technical Specification 
Party B shall make sure
that high definition, standard definition licensed content will be transmitted
in [*****] format. Specific technical specifications shall be negotiated and
determined the Parties in accordance with the result of Party B’s technical test
and Party A’s broadcast or transmission requirements. 

6. Release of Licensed Content 
Party B may release
movies to Party A through satellite, dedicated network or encrypted hard drive.
The Parties will negotiate and agree on economic and secure methods to receive
licensed content provided by Party B. 

II. Rights and obligations of the Parties 

1. Party A’s rights and obligations: 

	 	1) 	
      Party A agrees that Party B may within the term hereof
      use Party A’s trademark and name for the purposes of identifying and
      publicizing the cooperation project designated in this
Agreement.

	 	2) 	
      Party A shall within its premises have necessary content
      security management measures to prevent any and all unauthorized access
      to, replication, display, transmission or deletion of licensed content.
      Within the term hereof, Party A shall consistently implement all technical
      and management measures established to satisfy technical requirements on
      content protection. In case that a certain security loophole on Party A’s
      protection measures appears and is likely to result in illegal access to,
      stealing of licensed content or other losses, Party A shall forthwith
      notify the circumstance to Party B and promptly take all necessary
      remedial measures to repair such security loophole. Meanwhile, Party B
      shall have the right to require Party A to suspend the broadcast of
      licensed content or terminate this Agreement.

	 	3) 	
      Party A as the operator of the contemplated project shall
      be responsible for addressing all inquiries and complaints from end users
      relating to licensed content. In respect to all operational matters, Party
      B shall not be held liable to Party A’s end users.

	 	4) 	
      Party A may not arbitrarily interrupt or stop use of
      Party B’s licensed content by users

		5) 	
      Party A shall have the right to conduct necessary review
      on licensed content through negotiation of the Parties in accordance with
      the national radio and TV censorship. If there is any obscene, violent
      content or other content that violates laws and public order and moral,
      Party A shall have the right to require Party B to make corresponding
      treatment.

	 	 	 
	2. 	
      Party B’s rights and obligations:

	 	 	 
		1) 	
      Party B shall be responsible to provide licensed content
      and provide preliminary technical test and content preparation for brand
      zone.

		2) 	
      During provision of program media, Party B shall also
      provide Party A with corresponding publicity materials of relevant
      programs for Party A’s publicity, including but not limited to program
      list, movie files, movie posters in psd format, trailers and movie tidbits
      in ts or mov format, and Party B agrees that Party A may use the foregoing
      materials for program publicity.

		3) 	
      Party B shall have the right to make suggestions on
      promotion methods, marketing strategies and service and fee-charging
      models of the content provided by it, and Party B has the ultimate pricing
      power on licensed content provided by it.

III. Method of Cooperation and Payment 

	1. 	
      Licensed content fee:

	 	 	 
		1) 	
      For proceeds generated from TVOD products under this Agreement, the Parties shall cooperate
under the model of bottom guarantee and profit sharing. Bottom amount shall be
RMB1,200,000 ("Bottom Amount"). Bottom Amount shall be paid off in two (2)
installments: 

	 	 	
       
	 	(i) 	
      RMB 600,000 shall be paid within ten (10)
      workdays after execution of this Agreement;

	 	(ii) 	
      RMB 600,000 shall be paid in the fourth
      (4th) month from the beginning of licensed content use
      period;

Within the cooperation period, if the
gross proceeds obtained by Party B from the profit sharing of movie cooperation
zone does not exceed Bottom Amount of RMB1,200,000 (calculated in line with
general accounting rules currently adopted by Party A), Party A shall still pay
Party B Bottom Amount of RMB1,200,000; if the gross proceeds obtained by Party B
from the profit sharing of movie cooperation zone exceeds Bottom Amount
("Portion in Excess"), the Parties shall share such Portion in Excess according
to the ratio of [*****] Party A shall notify Party B in writing of such Portion
in Excess within three (3) workdays of the month immediately following the month
of occurrence of Portion in Excess. Meanwhile, Party A shall, as from the month
immediately following the month of occurrence of Portion in Excess, pay Party B
the agreed profit share within three (3) workdays after the end of each month.

	 	 	 
		2)     	
      For proceeds generated from SVOD products under this Agreement, the
Parties shall cooperate under the profit sharing model under which Party A shall
take [*****]. Party A shall pay Party B the agreed profit share within three (3)
workdays after the end of each month. 

	 	
       
	2. 	
      Tax Liability: Party A and Party B shall pay their
      respective taxes.

	3. 	
      Mode of Payment: Party A shall pay Party B by
      remitting the monies into the bank account shown below 

Account-opening bank:
[*****] 
Account name: Zhonghai Video Media (Beijing) Co., Ltd. 
Account
No.: [*****] 

	4. 	
      Payment Delay: If Party A delays in settlement of
      the monies payable to Party B hereunder without justification, Party B
      shall have the right to require Party A to pay liquidated damages for
      delay. If such delay lasts for more than 30 days and Party A fails to
      fulfill its obligation of settlement after Party B’s pressing for
      settlement, Party B shall have the right to terminate this Agreement
      unilaterally.

Settlement Data: Party A agrees to keep true and
complete daily sales data within the term hereof. Party A shall, within three
(3) workdays after the beginning of each month, provide Party B with the
previous month’s sales data and other information reasonably required by Party B
in the format as stated in Schedule 1 hereto. Party B may, during the term of
this Agreement and within two years after expiration or termination hereof, with
prior written notice to Party A audit any information related to Party B’s
licensed content in Party A’s account and sales record within the term hereof
for the purpose of verifying sales data. 

IV. Representations and Warranties by the Parties 

	1. 	
      Either party hereby represents and warrants to the other
      party as follows: it is a legal person incorporated and validly existing
      under the laws of China and has all rights, capacity and authorization to
      enter into this Agreement; it has obtained all necessary procedures for
      execution and performance of this Agreement, including but not limited to
      full operation qualifications and compliance with its business scope; its
      performance of this Agreement does not contravene Chinese laws,
      regulations and bylaws or any contract that binds it; this Agreement, upon
      execution, constitutes an lawful and valid obligation that is binding upon
      it and enforceable against it pursuant to the terms and conditions
      hereof.

	 	 
	2. 	
      Without prejudice to Article 5 “Limitation of Liability”
      hereof, the Parties agree that either party shall indemnify and hold
      harmless the other party from and against any and all liabilities,
      obligations, losses, compensations, penalties, expenses and costs
      (including costs of relief) incurred to, suffered or borne by the other
      party due to its untrue representations and warranties made
    hereunder.

V. Limitation of Liability 

	
      1. 
	
      To the maximum extent permitted by applicable law, Party
      B expressly indicates that it does not provide any explicit or implicit
      warranty on video content, including but not limited to any implicit
      warranty and liability for merchantability, applicability, reliability,
      accuracy, integrity, being free of virus and being free of error.
  

	2. 	
      Notwithstanding anything to the contrary contained
      herein, to the maximum extent permitted by applicable law, Party B shall
      in no case be held liable for any accidental, indirect, special or
      consequential damages or claim incurred by use of Party B’s application
      program or provided video content by Party A or users, or relating to
      service provided by Party B in any respect whatsoever.

	 	 
	3. 	
      The limitation of Party B’s liability to Party A under
      this Agreement shall not exceed the aggregate amount of all profits likely
      to be obtained by Party B due to this Agreement.

VI. Legal Relationship between the Parties 

	1. 	
      Each party shall be a separate legal entity. This
      Agreement shall under no circumstances be construed to form any agency or
      partnership between the Parties hereto, and neither party shall provide
      any form of warranty or guaranty for the other party or take joint and
      several liability to the other party under this Agreement.

	 	 
	2. 	
      Neither party shall transfer or assign its rights and
      obligations hereunder or any part thereof to any third party without the
      other party’s prior written consent.

VII. Intellectual Property Right 

	1. 	
      The Parties understand and acknowledge that the
      intellectual property rights of technologies of the cooperation project
      provided by Party A under this Agreement shall remain with Party A or
      original right holder, and the intellectual property rights of
      technologies provided by Party B hereunder shall remain with Party B or
      original right holder, and that the cooperation contemplated herein shall
      not result in any form of transfer or change of such intellectual property
      rights.

	 	 
	2. 	
      The copyright of licensed content provided by Party B and
      the intellectual property right of some relevant marketing materials shall
      belong to relevant third parties, and nothing in this Agreement shall be
      constructed as an explicit or implicit grant of intellectual property
      right by Party B to Party A or other parties. Without Party B’s prior
      written consent, Party A may not use licensed content and relevant
      marketing materials provided by Party B for any purpose not permitted by
      this Agreement. With respect to damage to Party B or any third party
      incurred by Party A’s infringement upon intellectual property right of
      licensed content and relevant marketing materials, Party A agrees to
      compensate for Party B’s losses, including legal costs, attorney fee,
      compensation monies paid to third party and other expenses.

	 	 
	3. 	
      Party A may not make any modification, deletion, cut,
      change or addition to licensed content and “metadata” contained therein
      (i.e., data pertaining to movie industry, including synopsis, credits,
      rating, genre, movie length).

	 	 
	4. 	
      This Article shall survive the expiration, cancellation
      or termination of this Agreement.

VIII. Confidentiality 

	1. 	
      Each party shall maintain the confidentiality of the
      content of this Agreement, commercial, financial, technical or product
      information and user data of the other party received or obtained as a
      result of performing this Agreement or within the term of this Agreement,
      or other documents or information marked “confidential” documents or
      information, or any other information without such marking whose
      confidentiality the receiving party shall have reasonably known
      (collectively known as "Confidential Information"), and may not disclose
      Confidential Information to any third party irrelevant to this Agreement
      without the disclosing party’s prior written consent. The obligation of
      confidentiality not only applies to the Parties hereto but also extend to
      their respective employees, agents, representatives and/or consultants;
      the Parties agree that any act by either party’s employees, agents,
      consultants or representatives for the purpose of performing this
      Agreement shall be deemed an act of that party, and that the foregoing
      party shall bear legal liability for such act.

	 	 
	2. 	
      This Article shall survive the expiration, cancellation
      or termination of this Agreement. After expiration or termination of this
      Agreement, Party A shall within three (3) workdays return source files of
      licensed content and all materials provided by Party B and delete all such
      information (and Party A shall certify such deletion in writing to Party
      B).

IX. Force Majeure 

	1. 	
      The term "force majeure" means any uncontrollable,
      unforeseeable and unavoidable objective event that prevents, affects or
      delays performance by a party hereto of its obligations or any part
      thereof under this Agreement. An event of force majeure includes, without
      limitation, government act, enactment and adjustment of laws, regulations,
      ordinances and bylaws, natural disasters, war, computer virus, hacking,
      uncontrollable network failure or other similar events.

	 	 
	2. 	
      If either party or both parties hereto are prevented by
      force majeure from performing all or some of their respective obligations
      hereunder, neither party shall not bear the liability for breach of
      contract. The party (or parties) prevented by force majeure shall within
      fifteen (15) natural days after occurrence of force majeure notify the
      particulars of such event in writing to the other party and present
      relevant documentary evidence. After the cessation of force majeure, the
      prevented party or parties shall resume their performance of this
      Agreement.

X. Term and Termination of Agreement 

	1. 	
      This Agreement shall take effect on the date of execution
      by the Parties and remain effective for one (1) year thereafter. If either
      party intends to terminate this Agreement, the Parties shall confirm the
      termination hereof in writing after negotiation and agreement.

	 	 
	2. 	
      If either party hereto breaches any obligation agreed
      herein, the non-breaching party may notify the breaching party in writing
      to require the latter to perform its obligations hereunder and take the
      corresponding liability. If the breaching party fails to perform the
      relevant obligation within thirty (30) natural days after receipt of
      written notice, the non-breaching party shall have the right to terminate
      this Agreement by giving written notice to the breaching party, and this
      Agreement shall terminate automatically upon the date when such notice is
      delivered to the breaching party. After termination of this Agreement, the
      breaching party shall also bear the corresponding liability for breach of
      contract.

	3. 	
      In any of the following circumstances, any party shall
      have the right to terminate this Agreement at any time with written notice
      to the other party:

		1) 	
      The other party files for bankruptcy, declares bankruptcy
      or enters into the liquidation or dissolution procedure;

		2) 	
      A third party legally confiscates or takes over the
      ownership right or assets of the other party, or a receiver is appointed
      to take over such assets; or

		3) 	
      The other party closes business, or purports to close
      business.

	 	 	 
	4. 	
      The expiration or termination of this Agreement does not
      affect any outstanding settlement or the payment obligation of either
      party under this Agreement and other rights or obligations that already
      occur prior to the date of expiration. Party A shall, within fifteen (15)
      natural days of the date of expiration or termination hereof, pay Party A
      all amounts payable under this Agreement.

	 	 	 
	5. 	
      Obligations surviving termination of this Agreement: If
      Party A possesses or controls any of Party B’s licensed content, Party A
      shall forthwith return the same to Party B. If such licensed content is
      already loaded in any format into file server or other storage space,
      Party A shall delete the foregoing licensed content within five (5)
      workdays (provided that Party A shall certify such deletion in writing to
      Party B).

XI. Miscellaneous 

	1. 	
      The conclusion, validity, construction and performance of
      this Agreement and the resolution of any dispute under this Agreement
      shall be governed by the laws of China. Any and all disputes arising out
      of or in connection with this Agreement shall be first resolved by the
      Parties through amicable consultation. If any dispute fails to be resolved
      within thirty (30) natural days after either party notifies the other
      party notice of such dispute, either party may refer the dispute to
      Beijing People’s Court.

	 	 
	2. 	
      Any change to this Agreement shall not be effective
      unless in writing and signed by the Parties.

	 	 
	3. 	
      If any part of this Agreement is held to contravene laws
      and regulations of government or governmental department with jurisdiction
      over such matter, or is held invalid or illegal, the validity of the
      remainder of this Agreement shall not be affected. All other clauses
      hereof shall remain effective as an entirety and be binding upon the
      Parties.

	 	 
	4. 	
      This Agreement constitutes the only and entire agreement
      between the Parties and supersedes all prior negotiations, commitments and
      written opinions with respect to the subject matter
  hereof.

	5. 	
      If either party fails to exercise or delays the exercise
      of any of its rights, powers or privileges hereunder, such failure or
      delay shall not be deemed a waiver of relevant rights, powers or
      privileges; and any single or partial exercise of any right, power or
      privilege shall not preclude further exercise of any right, right or
      privilege.

	 	 
	6. 	
      This Agreement shall be made in four (4) counterparts and
      each party shall have two (2) such counterparts. All such counterparts
      shall have the same legal force and effect.

(THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK) 

 

 

	Party A: 	 	Party B: 
	 	 	 
	/s/ C Media
      Limited 	 	/s/
      Zhonghai Video Media (Beijing) Co., Ltd. 
	 	 	 
	Date: March 26, 2015 	 	Date: March 26, 2015

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