Document:

Exhibit

EXHIBIT 10.17

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
This Second Amendment to Employment Agreement (the "Agreement") is entered into as of the 21st day of March, 2016 as an amendment to the original Employment Agreement dated September 10, 2014 as amended on September 2, 2015 between V. Scott Vanis ("Employee") and Minerco, Inc., a Nevada Corporation, its affiliates, predecessors and subsidiaries (the "Company”). 
WHEREAS, Employee and the Company desire to enter into this Amendment Agreement setting forth the terms and conditions for the employment relationship of Employee with the Company during the Employment Term (as defined below).  This agreement shall amend the Employment Agreement dated September 10, 2014 between Employee and Company.  
NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties to this Amendment Agreement hereby agree to Amend the sections as follows: 
3.19     Options to purchase Subsidiary. The Company shall grant to Employee the option to purchase one million (1,000,000) shares of its Common Stock of Athena Brands, Inc. at a purchase price of Twenty-five cents ($0.25) per share.  The Employee shall have 36 months to purchase the options on the following schedule:
350,000 shares on or before March 21, 2017;
350,000 shares on or before March 21, 2018; and
300,000 shares on or before March 21, 2019.  
Upon the event of a spinoff, change of control or divestiture of Athena Brands, Inc., these option purchase grants will expire 180 days after the effective date of the event.  The stock shall be fully paid, non-assessable and shall contain other customary rights and privileges, including piggy back registration rights.  

The Company:
Minerco, Inc.
800 Bering Drive, Suite 201
Houston, TX 77057

Employee: 
V. Scott Vanis
800 Bering Drive, Suite 201
Houston, TX 77057

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as of the date first above written. 
Minerco, Inc., a Nevada Corporation

By:    /s/ V. Scott Vanis            
     V. Scott Vanis, President, Director 

Employee

By:    /s/ V. Scott Vanis            
     V. Scott Vanis, an IndividualExhibit

EXHIBIT 10.18

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
This Second Amendment to Employment Agreement (the "Agreement") is entered into as of the 21st day of March, 2016 as an amendment to the original Employment Agreement dated September 10, 2014 as amended on September 2, 2015 between Sam J Messina III ("Employee") and Minerco, Inc., a Nevada Corporation, its affiliates, predecessors and subsidiaries (the "Company”). 
WHEREAS, Employee and the Company desire to enter into this Amendment Agreement setting forth the terms and conditions for the employment relationship of Employee with the Company during the Employment Term (as defined below).  This agreement shall amend the Employment Agreement dated September 10, 2014 between Employee and Company.  
NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties to this Amendment Agreement hereby agree to Amend the sections as follows: 
3.19     Options to purchase Subsidiary. The Company shall grant to Employee the option to purchase one million (1,000,000) shares of its Common Stock of Athena Brands, Inc. at a purchase price of Twenty-five cents ($0.25) per share.  The Employee shall have 36 months to purchase these options on the following schedule:
350,000 shares on or before March 21, 2017;
350,000 shares on or before March 21, 2018; and
300,000 shares on or before March 21, 2019.  
Upon the event of a spinoff, change of control or divestiture of Athena Brands, Inc., these option purchase grants will expire 180 days after the effective date of the event.  The stock shall be fully paid, non-assessable and shall contain other customary rights and privileges, including piggy back registration rights.  

The Company:
Minerco, Inc.
800 Bering Drive, Suite 201
Houston, TX 77057

Employee: 
Sam J Messina III
7620 Miramar Road, Suite 4200
San Diego, CA 92126

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as of the date first above written. 
Minerco, Inc., a Nevada Corporation

By:    /s/ V. Scott Vanis            
     V. Scott Vanis, President, Director 

Employee

By:    /s/ Sam J Messina III            
     Sam J Messina III, an Individualex10_1.htm

Exhibit 10.1

 

 

	
Notice of Grant of Award

and Award Agreement

	
Shoe Carnival, Inc.

ID: 35-1736614

7500 E. Columbia Street

Evansville, IN 47715

	
[Name]

[Address]

 

	
Award Number:

Plan:  2000 Stock Option and Incentive Plan, as amended (the “2000 Plan”)

ID:

	  	  

Effective [Grant Date], you have been granted a restricted stock award of [Number of Shares] shares (the “Shares”) of Shoe Carnival, Inc. (the “Company”) common stock. The value of the award on the date of grant is $[            ].

 

Except as otherwise set forth herein or in the 2000 Plan, the Restricted Period (as defined in the 2000 Plan) shall expire as to, and [insert fraction] of the Shares shall vest, on [each of][insert description of vesting date(s)].  

 

While the Shares will be registered in your name and you will have the right to vote the Shares and to receive such dividends as set forth in the 2000 Plan, the Shares will be held by the Company until the Restricted Period has expired. The Shares may not be sold, assigned, transferred, pledged, or otherwise encumbered until the Restricted Period has expired.  

 

If you cease to maintain Continuous Service (as defined in the 2000 Plan) by reason of death or total or partial disability prior to the expiration of the Restricted Period, the Restricted Period with respect to the Ratable Portion of the Shares, as determined in accordance with the 2000 Plan, shall expire, and the Ratable Portion of the Shares shall vest and shall not be forfeited. If you cease to maintain Continuous Service due to a Termination without Cause or for Good Reason (each as defined in your [Amended and Restated] Employment and Noncompetition Agreement dated [                         ]), the Restricted Period on all Shares shall expire and all Shares shall become fully vested.  If you cease to maintain Continuous Service for any other reason, all Shares that remain subject to the Restricted Period set forth above at the time of such termination of Continuous Service will automatically be forfeited and returned to the Company. In the event of a Change in Control (as defined in the 2000 Plan), the Restricted Period on all Shares shall expire and all Shares shall become fully vested.

 

	
By your signature and the Company’s signature below, you and the Company agree that this award is granted under and governed by the terms and conditions of the 2000 Plan and the Award Agreement, all of which are attached and made a part of this document.

 

	
 

Shoe Carnival, Inc.

 

 

[Name of Award Recipient]

 

	
 

Date

 

 

Dateex10_2.htm

Exhibit 10.2

	
Notice of Grant of Award

and Award Agreement

	
Shoe Carnival, Inc.

ID: 35-1736614

7500 E. Columbia Street

Evansville, IN 47715

	
[Name]

[Address]

 

	
Award Number:

Plan:  2000 Stock Option and Incentive Plan, as amended (the “2000 Plan”)

ID:

	  	  

Effective [Grant Date] (the “Grant Date”), you have been granted a restricted stock award of [Number of Shares] shares (the “Shares”) of Shoe Carnival, Inc. (the “Company”) common stock. The value of the award on the date of grant is $[            ].

 

The Shares are subject to the performance-based and time-based restrictions and conditions set forth herein during the period from the Grant Date until such Shares become vested and nonforfeitable (the “Restricted Period”).  While the Shares will be registered in your name and you will have the right to vote the Shares, they will be held by the Company until the Restricted Period has expired. Any dividends declared during the Restricted Period will be deferred and paid upon vesting. The Shares may not be sold, assigned, transferred, pledged, or otherwise encumbered until the Restricted Period has expired.

 

Except as otherwise set forth herein or in the 2000 Plan, if the performance target with respect to such Shares, as set forth below, is met in [any of][insert description of performance period(s)] (the “Performance Period[s]”), then such Shares shall become vested and nonforfeitable, meaning that the Restricted Period shall expire with respect to such Shares, on [                         ] (the “Vesting Date”). If the performance target with respect to such Shares is not met in [any of] the Performance Period[s], such Shares and any deferred dividends on such Shares will be forfeited and returned to the Company on the Vesting Date.

 

	
Shares

[             ]

	
Performance Target

[                      ]

 

If you cease to maintain Continuous Service (as defined in the 2000 Plan) by reason of death or total or partial disability prior to the Vesting Date, the Restricted Period with respect to the Ratable Portion of the Shares, as determined in accordance with the 2000 Plan, shall expire and the Ratable Portion of the Shares shall vest and shall not be forfeited. If you cease to maintain Continuous Service by reason of retirement on or after age 60, or at an earlier age with a minimum of 20 years of service with the Company, prior to the Vesting Date, (a) any Shares for which the performance target has been met prior to the date of your retirement shall become fully vested along with any deferred dividends, and the Restricted Period on such Shares shall expire on the date of your retirement; provided, however, that the amount of such Shares distributed to you shall be discounted to reasonably reflect the time value of money in connection with such early vesting; and (b) any Shares for which the performance target has not been met prior to the date of your retirement will automatically be forfeited and returned to the Company along with any deferred dividends on such Shares.  If you cease to maintain Continuous Service prior to the Vesting Date for any other reason, all Shares (whether or not the performance target has been met), and any deferred dividends on all Shares will automatically be forfeited and returned to the Company. In the event of a Change in Control, all Shares (whether or not the performance target has been met) shall become fully vested along with any deferred dividends, and the Restricted Period on all Shares shall expire.

 

  

  

  

	
By your signature and the Company’s signature below, you and the Company agree that this award is granted under and governed by the terms and conditions of the 2000 Plan and the Award Agreement, all of which are attached and made a part of this document.

 

	
 

Shoe Carnival, Inc.

 

 

[Name of Award Recipient]

 

	
 

Date

 

 

Date

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