Document:

Unassociated Document

    
      
        

      

    

    
      UNANIMOUS
CONSENT OF THE BOARD OF DIRECTORS OF

      ADINO
ENERGY CORPORATION 

      
        

      

    

    

    Pursuant
to Montana Code Section 35-1-432, the directors of Adino Energy Corporation (the
“Company”) hereby take the following corporate action, which shall have the same
force and effect as if the same were taken at a duly called meeting of the Board
of Directors of the Company.  The directors signing this consent
certify that they have waived notice of meeting.

    

    WHEREAS,
At the March 25, 2009 Board meeting, the Board unanimously authorized Mr. Byrd
and Ms. Finney to bring a recommendation of potential 2009 bonuses to the Board
for further consideration.

    

    WHEREAS,
Mr. Byrd and Ms. Finney recommend the following bonuses be granted and the Board
unanimously approves:

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    Sonny
      Wooley

                                  	 	$	68,075.25	 
	
                                    Timothy
      G. Byrd, Sr.

                                  	 	$	53,743.03	 
	
                                    Nancy
      K. Finney

                                  	 	$	27,089.07	 

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    THEREFORE,
BE IT RESOLVED that the Company will grant the above bonuses to Mr. Wooley, Mr.
Byrd and Ms. Finney as of June 30, 2009.

    

    WHEREFORE,
THE FOREGOING CORPORATE ACTS ARE HEREBY RESOLVED BY THE BOARD OF DIRECTORS AS OF
THE LATEST DATE WRITTEN BELOW.

    

    
      
        
          	 
      	
                        
                    /s/
      Sonny Wooley

                  

                
	 
      	
                  Sonny
      Wooley

                
	 
      	
                  Chairman
      of the Board of Directors

                
	 
      	
                  Date:  6/30/2009

                
	 
      	 
      
	 
      	
                        
                    /s/
      Timothy G. Byrd, Sr.

                  

                
	 
      	
                  Timothy
      G. Byrd, Sr.

                
	 
      	
                  Director

                
	 
      	
                  Date:  6/30/2009

                
	 
      	 
      
	 
      	
                        
                    /s/
      Peggy Behrens

                  

                
	 
      	
                  Peggy
      Behrens

                
	 
      	
                  Director

                
	 
      	
                  Date:  6/30/2009UNANIMOUS
CONSENT OF THE BOARD OF DIRECTORS OF

      ADINO
ENERGY CORPORATION 

      
        

      

    

    

    Pursuant
to Montana Code Section 35-1-432, the directors of Adino Energy Corporation (the
“Company”) hereby take the following corporate action, which shall have the same
force and effect as if the same were taken at a duly called meeting of the Board
of Directors of the Company.  The directors signing this consent
certify that they have waived notice of meeting.

    

    WHEREAS,
on March 26, 2009, the Company resolved to compensate members of the Board of
Directors for their service with 250,000 shares of restricted common stock per
year, with such issuance occurring on December 31, 2009.

    

    WHEREAS,
the Board has decided to not issue the above mentioned shares for 2009
..

    

    THEREFORE,
BE IT RESOLVED that the Company will not issue 250,000 shares of restricted
common stock to the Board of Directors authorized for 2009.

    

    WHEREFORE,
THE FOREGOING CORPORATE ACTS ARE HEREBY RESOLVED BY THE BOARD OF DIRECTORS AS OF
THE LATEST DATE WRITTEN BELOW.

    

    
      
        	 
      	
                /s/ Sonny Wooley

              
	 
      	
                Sonny
      Wooley

              
	 
      	
                Chairman
      of the Board of Directors

              
	 
      	
                Date:  12/30/2009

              
	 
      	 
      
	 
      	
                /s/ Timothy G. Byrd, Sr

              
	 
      	
                Timothy
      G. Byrd, Sr.

              
	 
      	
                Director

              
	 
      	
                Date:  12/30/2009

              
	 
      	 
      
	 
      	
                /s/ Peggy Behrens

              
	 
      	
                Peggy
      Behrens

              
	 
      	
                Director

              
	 
      	
                Date:  12/30/2009Unassociated Document

     

    Exhibit
10.20              

    

    PROMISSORY
NOTE

    

    
      	
              $320,000.00

            	
              December
      31, 2009

            

    

    

    FOR VALUE RECEIVED, C2 Global
Technologies Inc., a Florida corporation formerly known as I-Link Incorporated
and Acceris Communications Inc. (the “Maker”) promises to pay to Counsel
Corporation, an Ontario corporation, or its assigns (the “Payee”), in the lawful
money of the United States of America (“Dollars” or “$”) the principal sum of
Three Hundred Twenty Thousand and 00/l00ths Dollars ($320,000.00) funded from
time to time by Payee to Maker, together with interest thereon as set forth
herein, on or before the Maturity Date as provided below and in accordance with
the provisions of that certain Loan Agreement dated as of January 26, 2004
between the Maker and Payee as the same may be amended, modified, extended or
restated, the “Loan Agreement.”  Capitalized terms used herein but not
defined shall have the meanings ascribed to them in the Loan
Agreement.

    

    
      	
               
      

            	
              1.

            	
              Interest.  The
      outstanding principal amount of this Promissory Note (the “Note”),
      together with unpaid interest, shall bear interest at the rate of ten
      percent (10%) per annum commencing on the date funded as to principal
      hereunder, namely,

            

    

    

    
      	
               
      

            	
              ·

            	
              commencing
      December 10, 2009 in respect of One Hundred Thirty Thousand and 00/l00ths
      Dollars ($130,000.00) funded on that
date,

            

    

    

    
      	
               
      

            	
              ·

            	
              commencing
      December 17, 2010 in respect of Ninety Thousand and 00/l00ths Dollars
      ($90,000.00) funded on that date,

            

    

    

    
      	
               
      

            	
              ·

            	
              commencing
      December 30, 2009 in respect of One Hundred Thousand and 00/l00ths Dollars
      ($100,000.00) funded on that date.

            

    

    

    which
interest shall accrue and be compounded quarterly and shall result in a
corresponding increase in the principal amount of the Indebtedness.

    

    2.           Time and Place of
Payment. The Indebtedness shall be due and payable in full on demand (the
“Maturity Date”); provided, further, however, that notwithstanding the above,
the Maturity Date shall be accelerated to the date ten (10) calendar days
following closing under or conclusion of an equity investment or investments in
the Maker by a third party unrelated to Counsel Corp through the capital
markets, whether pursuant to a registered offering or unregistered offering or
other transaction (an “Equity Investment”); provided, further, however, that the
Maturity Date shall be accelerated with respect only to the portion of the
unpaid Indebtedness equal to the net amount received by the Maker from any such
Equity Investment.

    

    3.           The
Indebtedness, including that portion of the Indebtedness represented by this
Note, is secured pursuant to that Amended and Restated Stock Pledge Agreement
between the Maker and Payee dated as of January 26, 2004, executed and delivered
concurrent herewith as the same has been amended, modified, extended or
restated, the “Stock Pledge Agreement.”

    

    4.           Events of
Default.   The occurrence of any of the following events
or conditions shall constitute an event of default (each an “Event of
Default”):

    

    (a)           Maker
shall fail to pay any of the Indebtedness pursuant to terms of this
Note;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)           Maker
shall fail to comply with any term, obligation, covenant, or condition contained
in any agreement between Maker and Payee (each, an “Agreement”);

    (c)           Any
warranty or representation made to Payee by Maker under any Agreement proves to
have been false when made or furnished;

    (d)           If
Maker voluntarily files a petition under the federal Bankruptcy Act, as such Act
may from time to time be amended, or under any similar or successor federal
statute relating to bankruptcy, insolvency, arrangements or reorganizations, or
under any state bankruptcy or insolvency act, or files an answer in an
involuntary proceeding admitting insolvency or inability to pay debts, or if
Maker is adjudged a bankrupt, or if a trustee or receiver is appointed for
Maker’s property, or if Maker makes an assignment for the benefit of its
creditors, or if there is an attachment, receivership, execution or other
judicial seizure, then Payee may, at Payee’s option, declare all of the
Indebtedness to be immediately due and payable without prior notice to Maker,
and Payee may invoke any remedies permitted by this Note.  Any
attorneys’ fees and other expenses incurred by Payee in connection with Maker’s
bankruptcy or any of the other events described in this Section 4 shall be
additional Indebtedness of Maker secured by this Note.

    (e)           There
exists a material breach by Maker under (or a termination by any party of) a
material contract of Maker (for purposes of this Section 4 a material contract
shall mean any contract resulting in revenues of in excess of $10,000 per
annum);

    (f)           Maker
is in default under any funded indebtedness, including but not limited to
indebtedness evidenced by notes or capital leases, of Maker other than the
amounts loaned pursuant to this Note; or

    (g)          If
Maker’s business undergoes a material adverse change in Payee’s reasonable
opinion.

    

    If an Event of Default specified in
Section 4(d) hereof occurs and is continuing, the principal amount of the
Indebtedness, together with all accrued and unpaid interest thereon, shall
automatically become and be immediately due and payable, without any declaration
or other act on the part of Payee.

    

    5.           Acceleration. Upon an
Event of Default, the Payee may give written notice to the Maker of the
occurrence of such Event of Default and Maker shall have the shorter of (i)
thirty (30) days or (ii) such remedy period as set forth in the applicable
provisions of Section 4 within which to cure such Event of
Default.  If the Event of Default is not cured within the applicable
cure period, then, at the option of the Payee, Payee may declare the Maker in
default (a “Default”) and all sums due hereunder shall become immediately due
and payable.

    

    Any
written notification from Payee to Maker hereunder shall be deemed to be written
notification of an Event of Default, or Default, or rescission of Acceleration
(as provided below), respectively, only if such notification, communication or
other election shall (a) be clearly and distinctly identified as such a Notice
of Event of Default, Notice of Default, or Notice of Rescission of Acceleration,
respectively, and (b) be given by certified mail, return receipt requested or
overnight delivery requiring acknowledgement of receipt, and any communication
between the parties not so designated and delivered shall not be construed or
deemed to be effective notice under this Section 5.

    

    6.           Waivers.  The
Maker hereby waives presentment, demand for payment, notice of dishonor and any
and all other notices or demands in connection with the delivery, acceptance,
performance, default or enforcement of this Note and hereby consents to any
waivers or modifications that may be granted or consented to by the Payee of
this Note.  No waiver by the Payee or any breach of any covenant of
the Maker herein contained or any term or condition hereof shall be construed as
a waiver of any subsequent breach of the same or of any other covenant, term or
condition whatsoever.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    7.           Enforcement.  In
the event that any Payee of this Note shall institute any action for the
enforcement or the collection of this Note, there shall be immediately due and
payable, in addition to the unpaid balance of this Note, all late charges, and
all costs and expenses of such action including reasonable attorney’s
fees.  The Maker waives the right to interpose any setoff,
counterclaim or defense of any nature or description whatsoever.

    

    8.           Replacement of
Note.  Upon receipt by the Maker of evidence satisfactory to it
of the loss, theft, destruction or mutilation of this Note, and (in case of
loss, theft or destruction) of an indemnity reasonably satisfactory to it, and
upon reimbursement to the Maker of all reasonable expenses incidental thereto,
and upon surrender and cancellation of this Note if mutilated, the Maker will
make and deliver a new Note of like tenor in lieu of this Note.

    

    9.           Amendments.  This
Note may not be changed, modified, amended, or terminated except by a writing
duly executed by the Maker and the Payee.

    

    10.           Governing
Law.  This Note shall be governed by, and construed in
accordance with, the laws of the State of New York.

    

    11.           Assignment.  This
Note may not be assigned, in whole or in part, by operation of law or otherwise,
by the Maker without the prior written consent of the Payee in its sole and
absolute discretion, and any purported assignment without the express prior
written consent of the Payee shall be void ab initio.  The Payee may
assign any or all of its rights and interests hereunder to any
party.  Subject to the foregoing, this Note shall be binding upon, and
inure to the benefit of, the successors and assigns of the Payee and the
Maker.

     

    [See
attached Signature Page]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Signature
Page

    to
Promissory Note

    dated
as of December 31, 2009

    

    IN
WITNESS WHEREOF, the Maker has executed this Promissory Note by its duly
authorized officer as of the 31st day of December, 2009.

    

    
      
        
          
            
              	 
      	
                      C2
      GLOBAL TECHNOLOGIES INC.

                    
	 
      	 
      	 
      
	 
      	
                      By:

                    	 
      
	 
      	 
      	 
      
	 
      	
                      Name:

                    	 
      
	 
      	 
      	 
      
	 
      	
                      Title:

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