Document:

Exh 10.3 Restricted Stock Agreement 2012

             Exhibit 10.3
Dice Holdings, Inc.
2012 OMNIBUS EQUITY AWARD PLAN
RESTRICTED STOCK AWARD AGREEMENT
THIS RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”)  is made by and between Dice Holdings, Inc., a Delaware corporation (the “Company”), and you (the “Participant”), and is dated as of the date separately communicated to the Participant by the Company (either electronically through the Merrill Lynch Benefits Online system or by such other method as specified by the Committee) (the “Date of Grant”).

R E C I T A L S:
WHEREAS, the Company has adopted the Dice Holdings, Inc. 2012 Omnibus Equity Award Plan (the “Plan”), pursuant to which awards of restricted shares of the Company’s common stock may be granted; and
WHEREAS, the Committee has determined that it is in the best interests of the Company and its stockholders to grant to the Participant an award of restricted shares of the Company’s common stock provided for herein.
NOW, THEREFORE, for and in consideration of the premises and the covenants of the parties contained in this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows:
1.Grant of Restricted Stock.
The Company hereby grants on the Date of Grant to the Participant a total number of shares of Common Stock separately communicated to the Participant by the Company (either electronically through the Merrill Lynch Benefits Online system or by such other method as specified by the Committee)  (such shares of Common Stock, the “Restricted Shares”), on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.
2.    Award Subject to Plan.
(a)    By entering into this Agreement, the Participant acknowledges that the Participant has received and read a copy of the Plan, and agrees to be bound by all the terms and provisions of the Plan.
(b)    The Plan is hereby incorporated herein by reference.  Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.  The Committee shall have final authority to interpret and construe the Plan and this Agreement 

and to make any and all determinations under them, and its decision shall be binding and conclusive upon Participant and his legal representative in respect of any questions arising under the Plan or this Agreement.  In the event of a conflict between any term or provision contained herein and any terms or provisions of the Plan, the applicable terms and provisions of this Agreement will govern and prevail.
3.    Terms and Conditions.
(a)    Vesting.  The Restricted Shares shall be one hundred percent (100%) unvested as of the Date of Grant.  The Vesting Commencement Date shall be such date that is separately communicated to the Participant by the Company (either electronically through the Merrill Lynch Benefits Online system or by such other method as determined by the Committee).
(b)    Issuance.  The Restricted Shares shall be issued by the Company and shall be registered in the Participant’s name on the stock transfer books of the Company promptly after the date hereof in book-entry form, subject to the Company’s directions at all times prior to the date the Restricted Shares vest.  As a condition to the receipt of the Restricted Shares, the Participant shall at the request of the Company deliver to the Company one or more stock powers, duly endorsed in blank, relating to the Restricted Shares.  The Committee may cause a legend or legends to be put on any stock certificate relating to the Restricted Shares to make appropriate reference to such restrictions as the Committee may deem advisable under the Plan or as may be required by the rules, regulations, and other requirements of the Securities and Exchange Commission, any exchange that lists the Restricted Shares, and any applicable federal or state laws.
(c)    Rights as a Stockholder; Dividends.   The Participant shall be the record owner of the Restricted Shares unless and until such shares are forfeited pursuant to the Plan and this Agreement or sold or otherwise disposed of, and as record owner shall be entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights, if any, with respect to the Restricted Shares; provided, that any cash or in-kind dividends paid with respect to unvested Restricted Shares shall be withheld by the Company and shall be paid to the Participant, without interest, only when, and if, the Restricted Period with respect to such Restricted Shares shall lapse as provided in the Plan and this Agreement.  
(d)    Tax Withholding.  Upon the vesting of the Restricted Shares, the Participant shall be required to pay to the Company in cash (by check or wire transfer) such amount as the Company determines that it is required to withhold under applicable federal, state or local tax laws in respect of the Restricted Shares, and the Company shall have the right and is hereby authorized to withhold any cash, shares of Common Stock, other securities or other property deliverable under the Restricted Shares, the amount (in cash, Restricted Shares, other securities or other property) of any required withholding taxes in respect of the Restricted Shares, and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such withholding taxes, if applicable; provided that the Committee may, in its sole discretion, allow such withholding obligation to be satisfied by any other method described in Section 15(d) of the Plan.  The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company will, to the extent permitted by law, have the right to deduct any such withholding taxes from any payment of any kind otherwise due to Participant.
(e)    Compliance with Legal Requirements.  The granting of the Restricted Shares, and any other obligations of the Company under this Agreement shall be subject to all applicable federal and state laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required.  The Committee, in its sole discretion, may postpone the issuance or delivery 

of Restricted Shares as the Committee may consider appropriate and may require the Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Restricted Shares in compliance with applicable laws, rules and regulations.
(f)    Transferability.  Restricted Shares for which the applicable Restricted Period has not yet lapsed shall not be transferable by the Participant other than by will or the laws of descent and distribution.
(g)    Clawback/Forfeiture.  The Committee may in its sole discretion cancel this Award if the Participant, without the consent of the Company, while employed by or providing services to the Company or any Affiliate or after termination of such employment or service, violates a non-competition, non-solicitation, non-disparagement or non-disclosure covenant or agreement, or otherwise has engaged in or engages in activity that is in conflict with or adverse to the interest of the Company or any Affiliate, including fraud or conduct contributing to any financial restatements or irregularities, as determined by the Committee in its sole discretion.  If the Participant otherwise has engaged in or engages in any activity referred to in the preceding sentence, the Participant shall forfeit any compensation, gain or other value realized thereafter on the vesting of the Restricted Shares, or the sale of the Restricted Shares, and must promptly repay such amounts to the Company.
4.    Miscellaneous.
(a)    Employment Agreement.  This Agreement is subject to any provisions concerning restricted stock of any employment agreement in effect from time to time between the Participant and the Company or an Affiliate that has been approved by the Board or a committee thereof, which provisions are hereby incorporated herein by reference.  In the event of a conflict between any term or provision contained herein and any terms or provisions of such employment agreement concerning restricted stock, the applicable terms and provisions of such employment agreement will govern and prevail.
(b)    Notices.  All notices, demands and other communications provided for or permitted hereunder shall be made in writing and shall be by registered or certified first-class mail, return receipt requested, telecopier, courier service or personal delivery:
if to the Company: 
Dice Holdings, Inc.
1040 Avenue of the Americas, 16th Floor
New York, New York  10018 
Attention:  Secretary

if to the Participant, at the Participant’s last known address on file with the Company.
All such notices, demands and other communications shall be deemed to have been duly given when delivered by hand, if personally delivered; when delivered by courier, if delivered by commercial courier service; five (5) business days after being deposited in the mail, postage prepaid, if mailed; and when receipt is mechanically acknowledged, if telecopied.
(c)    Severability.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and 

each other provision of this Agreement shall be severable and enforceable to the extent permitted by law.
(d)    No Rights to Employment.  Nothing contained in this Agreement shall be construed as giving the Participant any right to be retained, in any position, as an employee, consultant or director of the Company or its Affiliates or shall interfere with or restrict in any way the right of the Company or its Affiliates, which are hereby expressly reserved, to remove, terminate or discharge the Participant at any time for any reason whatsoever.
(e)    Beneficiary.  The Participant may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation.  If no designated beneficiary survives the Participant, the executor or administrator of the Participant’s estate shall be deemed to be the Participant’s beneficiary.
(f)    Successors.  The terms of this Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and of the Participant and the beneficiaries, executors, administrators, heirs and successors of the Participant.
(g)    Entire Agreement.  Except as otherwise provided in Section 4(a) hereof, this Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior communications, representations and negotiations in respect thereto.  No change, modification or waiver of any provision of this Agreement shall be valid unless the same be in writing and signed by the parties hereto.
(h)    Governing Law.  This Agreement shall be construed and interpreted in accordance with the laws of the State of New York without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction which could cause the application of the laws of any jurisdiction other than the State of New York.
(i)    Headings.  The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Agreement.
(j)    Signature in Counterparts.  This Agreement may be signed (including electronically as specified by the Committee), in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
[Remainder of page intentionally left blank; signature page to follow]

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Date of Grant.
Dice Holdings, Inc.
		
	By:
	 

Name:
Title:

Accepted and Agreed by the Participant:

 
___________________
 [Name of Participant]
or via electronic acceptance on the Merrill Lynch Benefits Online system  
or such other method as specified by the Committee

[Signature Page to Restricted Stock Award Agreement]ex10-1.htm

SHARE PURCHASE AGREEMENT

 

THIS SHARE PURCHASE AGREEMENT is entered into as of July 16, 2012

 

BETWEEN:

 

JIN XIN COPPER HOLDING LIMITED a corporation incorporated in the People’s Republic of China with an office at 4/F Min Sheng Tower A, 181 Min Sheng RD, Yuzhong District Chong Qing, China 400010

 

(the “Company”)

 

AND:

 

NG HOI FUNG, the sole shareholder of the common shares of the Company

 

(the “Selling Shareholder”)

 

AND:

 

GOLDEN CENTURY RESOURCES LIMITED a corporation incorporated in Delaware with an office at suite 1200, 1000 N. West Street, Wilmington, DE 19801, USA

 

 (the "Purchaser")

 

 (each a “Party”)

 

	
  

	
WHEREAS:

 

	
A.

	
The Selling Shareholder is the registered and beneficial owner of 50,000 common shares in the capital of the Company (the “Shares”) representing 100% of the issued and outstanding share capital of the Company;

 

	
B.

	
The Selling Shareholder desires to sell twenty percent (20%), being 10,000 Shares, of the Shares (the “First Tranche Shares”) to the Purchaser and the Purchaser desires to buy the First Tranche Shares from the Selling Shareholder on the terms and subject to the conditions of this Agreement; and,

 

	
C.

	
The Parties intend to complete a second tranche (the “Second Tranche”) of this transaction in which the Purchaser will acquire additional ownership in the Company  from the Selling Shareholder (the “Second Tranche Shares”), the exact amount of the additional ownership is to be determined by the Parties following the receipt of valuation information.

 

  

1

  

NOW THEREFORE in consideration of the premises, covenants and agreements contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

	
1.

	
PURCHASE AND SALE

 

	
1.1

	
On the basis of the representations and warranties set forth in Section 2 below and subject to the terms and conditions of this Agreement, the Company shall sell the First Tranche Shares to the Purchaser and the Purchaser shall buy the First Tranche Shares from the Company for the aggregate amount of $1,471,075 (the “Purchase Price”)

 

	
1.2

	
The Parties acknowledge that the Purchase Price has been paid in full as of the date of this Agreement.

 

	
1.3

	
The Parties agree that they intend for the Second Tranche Shares to be acquired by the Purchaser from the Selling Shareholder on or before the date specified in subsection 3.2 (d) hereto.  The Parties further intend to agree upon the amount of additional ownership (the “Additional Ownership”) and consideration for the Second Tranche Shares following the completion of the purchase and sale of the First Tranche Shares and the receipt by the Parties of valuation information contained in geological or other reports relating to the Yang Tan mining properties.

 

	
1.4

	
The Parties agree that when the Purchaser acquires the Second Tranche Shares it will also take on the responsibility of using its reasonable and best commercial efforts to arrange and complete the financing of Yang Tan to bring it to the production stage.

 

	
1.5

	
The Purchaser acknowledges that the certificate(s) representing the First Tranche Shares, or any portion thereof, shall have typed or otherwise written thereon all restrictive legends required by applicable securities laws.

 

	
1.6

	
The Company acknowledges that it is prohibited from issuing any shares until the close of this transaction.

 

	
2. 

	
REPRESENTATIONS AND WARRANTIES

 

	
2.1

	
The Company represents and warrants to the Purchaser (and acknowledges that the Purchaser is relying on such representations and warranties in order to complete the purchase and sale of the Shares) that:

 

	
(a)  

	
the Selling Shareholder is the registered and beneficial owner of all right, title and interest in and to the Shares;

 

	
(b)  

	
only fifty thousand (50,000) Shares in the capital of the Company are outstanding as of the date of this Agreement;

 

	
(c)  

	
there are no shares in any other class of the Company outstanding as of the date of this Agreement;

 

	
(d)  

	
except as set forth above, there are no securities of the Company outstanding and the Company has no other options, warrants or other rights, agreements,  or commitments of any character whatsoever convertible into, or exchangeable or exercisable for or otherwise requiring the issuance, sale or transfer by the Company of any shares of the Company or any securities convertible into, or exchangeable or exercisable for, or otherwise evidencing a right to acquire, any shares of the Company, nor are there any outstanding stock appreciation rights, phantom equity or similar rights, agreements, arrangements or commitments based upon the book value, income or other attributes of the Company. There is no other agreement, obligation (contractual or otherwise), right or option or claim existing or pending pursuant to which the Company is or might be required to issue any further shares or other securities of its capital.  All outstanding the Company’s Shares have been duly authorized and are validly issued, as fully paid and non-assessable and are not subject to, nor were they issued in violation of, any pre-emptive rights;

 

	
(e)  

	
the Company owns 85% of the right, title and interest of Nanjiang Long Du Mining Industrial Limited Corporation (“Long Du”);

 

	
(f)  

	
the Government of the People’s Republic of China, through the #405 Geological Brigade, owns 15% of the right, title and interest in Yang Tan Gold Mine (“Yang Tan”);

 

	
(g)  

	
Long Du owns 100% of the right, title and interest in Yang Tan;

 

	
(h)  

	
all rights, permits and authorizations required from third parties, including the Government of China and local governments, have been obtained and are currently held by Long Du for the exploration, development, operation and production of Yang Tan as a gold mine;

 

	
(i)  

	
the Shares are free and clear of all mortgages, debentures, charges, hypothecations, pledges, liens, or other security interests or encumbrances of whatever kind or nature, regardless of form and whether consensual or arising by law, statutory or otherwise, that secures the payment of any indebtedness or the performance of any obligation or creates in favour of or grants to any person any proprietary right;

 

  

2

  

	
(j)  

	
the Company has the power, authority and capacity to incur the obligations created by this Agreement and to carry out its terms;

 

	
(k)  

	
this Agreement constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms; and

 

	
(l)  

	
the execution, delivery and performance of this Agreement by the Company will not:

 

	
(i)  

	
violate any law, judgment, order, injunction, decree, rule, regulation or ruling of any governmental authority applicable to the Company; or

 

	
(ii)  

	
conflict with, constitute grounds for termination or acceleration of, result in the breach of the terms, conditions, or provisions of, result in the loss of any benefit to the Company under, or constitute a default under any agreement, instrument, license or permit to which either the Company is a party or by which the Company is bound.

 

	
2.2

	
The Purchaser represents and warrants to the Company (and acknowledges that the Company is relying on such representations and warranties in order to complete the purchase and sale of the Shares) that:

 

	
(a)  

	
in evaluating the suitability of an investment in the Company, the Purchaser has not relied upon any representations or other information, whether oral or written, other than as set forth in this Agreement or as contained in any documents or answers to questions furnished by the Company to the Purchaser;

 

	
(b)  

	
the Purchaser is aware that the purchase price being paid for the Shares bears no relationship to assets, book value or other established criteria of value;

 

	
(c)  

	
the Purchaser is aware of the risks and merits of an investment in the Company;

 

	
(d)  

	
the Purchaser is purchasing the Shares as principal for its own account, for investment purposes only;

 

	
(e)  

	
the Purchaser is not resident in the United States, is  not a U.S. Person as defined in Regulation S under the United States Securities Act of 1933, as amended (the “1933 Act”), and is not acquiring the Shares for the account or benefit of any U.S. Person;

 

	
(f)  

	
the offer and sale of the Shares was not accomplished by an advertisement or other general solicitation and the Purchaser was not induced to purchase the Shares as a result of any advertisement or general solicitation made by the Company or the Company or any directed selling efforts;

 

	
(g)  

	
the Company acknowledges and understands that none of the Shares have been or will be registered under the 1933 Act, and the Shares may not be offered or sold, directly or indirectly, in the United States to, or for the account or benefit of, a U.S. Person, unless registered under the 1933 Act and the securities laws of all applicable states or unless an exemption from such registration requirements is available;

 

	
(h)  

	
the Purchaser will only sell, transfer or otherwise dispose of the Shares or any portion thereof in accordance with applicable securities laws;

 

	
(i)  

	
the Purchaser qualifies for an exemption pursuant to National Instrument 45-106 Prospectus and Registration Exemptions (Canada);

 

	
(j)  

	
the Purchaser has the power, authority and capacity to incur the obligations created by this Agreement and to carry out its terms;

 

	
(k)  

	
this Agreement constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms; and

 

	
(l)  

	
the execution, delivery and performance of this Agreement by the Company will not:

 

	
(i)  

	
violate any law, judgment, order, injunction, decree, rule, regulation or ruling of any governmental authority applicable to the Company; or

 

	
(ii)  

	
conflict with, constitute grounds for termination or acceleration of, result in the breach of the terms, conditions, or provisions of, result in the loss of any benefit to the Company under, or constitute a default under any agreement, instrument, license or permit to which either the Company is a party or by which the Company is bound.

 

  

3

  

	
3.

	
THE SECOND TRANCHE

 

	
3.1 

	
Following the completion of the purchase and sale of the First Tranche Shares pursuant to this Agreement, the Parties will continue to negotiate in good faith toward the purchase of the Second Tranche Shares by the Purchaser from the Selling Shareholder.

 

	
3.2 

	
The amount of the Additional Ownership and the amount of consideration to be paid in the Second Tranche Shares is to be determined by the Parties following the receipt and review of valuation information contained in geological or other reports relating to the Yang Tan mining properties and agreed upon in a second share purchase agreement.  However, the Parties acknowledge and agree that:

 

	
(a)   

	
they will use their best efforts to agree on a value for the ownership of the Shares to be acquired by the Purchaser in the First and Second Tranche (the “Value”), using (i) valuation information contained in geological reports relating to the Yang Tan mining properties to be obtained by the Parties and (ii) current market factors as the bases for the negotiations;

 

	
(b)   

	
once the Value is determined, the Parties will subtract the Purchase Price from the Value and the difference (the “Difference”) will be used to determine the consideration to be paid by the Purchaser to the Selling Shareholder for the Second Tranche Shares (the “Second Purchase Price”); and,

 

	
(c)   

	
if the Difference is a negative number, then that amount multiplied by negative 1 (-1) will represent the amount of the Purchase Price paid in excess of the Value (the “Excess.”)  The Excess, if any, will be returned to the Purchaser by the Company and the Selling Shareholder.  Each of the Company and the Selling Shareholder will be liable, jointly and severally, for the return of the Excess, if any, to the Purchaser.

 

	
(d)   

	
in the event that no valuation report is received or the Parties do not execute a second share purchase agreement determining the Additional Amount and Second Purchase Price by January 1, 2013, then The Company and the Selling Shareholder will return the Purchase Price to the Purchaser.  Each of the Company and the Selling Shareholder will be liable, jointly and severally, for the return of the Purchase Price to the Purchaser, if required pursuant to this subsection 3.2(d.)

 

	
3.3 

	
The Second Purchase Price may be paid by the Purchaser to the Selling Shareholder in any combination of cash and shares of the Purchaser as the Parties may agree to in the second share purchase agreement, subject to all applicable securities and other laws and required third party and governmental authorizations required.

 

	
4. 

	
Closing

 

Within three business days following the execution of this Agreement, the Company will deliver certificates representing the First Tranche Shares to the Purchaser or its designated Agent.

 

	
5. 

	
GENERAL PROVISIONS

 

	
5.1

	
Time shall be of the essence of this Agreement.

 

	
5.2

	
All references to currency in this Agreement are to United States dollars.

 

	
5.3

	
The parties to this Agreement covenant and agree to execute and deliver all such further documents and instruments, and to do all acts and things as may be necessary or desirable to carry out the full intent and meaning of this Agreement.

 

	
5.4

	
Each party to this Agreement confirms and acknowledges that it has been provided with an opportunity to seek independent legal advice with respect to its rights, entitlements, liabilities and obligations hereunder and understands that it has been recommended that such advice be sought prior to entering into this Agreement.

 

  

4

  

	
5.5

	
No alteration or amendment to this Agreement shall take effect unless it is in writing duly executed by the parties hereto.

 

	
5.6

	
This Agreement may not be assigned by either party hereto without the express written consent of the other party.

 

	
5.7

	
This Agreement shall enure to the benefit of and be binding upon the parties hereto and, except as otherwise provided or as would be inconsistent with the provisions of this Agreement, their respective heirs, executors, administrators, successors and assigns.

 

	
5.8

	
In the event that any term, clause or provision of this Agreement is construed or adjudged invalid, void or unenforceable, such term, clause or provision shall be deemed as severed from this Agreement and all remaining terms, clauses and provisions shall remain in full force and effect.

 

	
5.9

	
This Agreement contains the entire agreement between the parties and there are no other agreements, conditions or representations, oral or written, express or implied, with regard to the subject matter hereof.

 

	
5.10

	
This Agreement will be governed by and construed in accordance with the laws of British Columbia, Canada.  The Parties irrevocably attorn to the jurisdiction of the courts of British Columbia in Vancouver, B.C., Canada with respect to any matters arising out of this Agreement.

 

	
5.11

	
This Agreement may be executed in counterparts and by electronic transmission, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.

 

IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.

 

JIN XIN COPPER HOLDING LIMITED

/s/ Ng Hoi Fung

Signature

Ng Hoi Fung  Director

Print Name and Title

 

GOLDEN CENTURY RESOURCES LIMITED

/s/ David Cheng Lee

Signature

David Cheng Lee

Print Name

 

	
 

Signed and Delivered at Hong Kong SAR (city) on – 9 July 2012 (date) by NG HOI FUNG in the presence of:

/s/ IP Woon Shun                                                                

Notary Witness (Signature)

IP Woon Shun                                                                

Name (please print)

Notary Public, Hong Kong SAR                                                                

Title (please print)

/s/ stamp                                                                

Province and Country (please print)

	
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)

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)

)

)

)

)

)

	
 

 

 

 

/s/ Ng Hoi Fung

NG HOI FUNG

      Attestation only.

[stamp]                                           No advice sought or given.

 

5

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