Document:

paos_ex103.htm

EXHIBIT 10.3
  
 2017-2019 Amerinac Holding Corp. Executive Bonus Plan
  
 The bonus plan shall be subject to, and governed by, the terms of the Amerinac Holding Corp. 2017 Equity Incentive Plan (or a successor plan intended to qualify under Section 162(m) of the Internal Revenue Code of 1986, as amended).
  
 Corporate Bonus and Individual Bonus
  
 Each plan participant will have a bonus (the “Corporate Bonus”) based upon the growth in the Company’s Earnings before Taxes. For top executives, individual performance will be measured against goals established by the Compensation Committee at the beginning of each fiscal year. The Compensation Committee shall communicate to each plan participant his or her percentage of the bonus pool (the “Bonus Percentage”) at the beginning of each fiscal year, or upon hiring or promotion.
  
 Corporate Bonus Funding
  
 All Corporate Bonus awards will be funded from a bonus pool (“Corporate Bonus Pool”) to be determined as follows. Promptly following the end of the relevant fiscal year, the Company will determine the Company’s end of year Earnings before Taxes (“Yearly EBT”), to be certified by the Compensation Committee in accordance with GAAP. In the event Yearly EBT was negative for the immediate prior fiscal year, such amount shall be designated as the Roll-Forward Loss.
  
 The Company will fund a Corporate Bonus Pool up to 20% of the excess, if any, of Yearly EBT minus the Threshold EBT minus any Roll-Forward Loss. For 2017, the Threshold EBT shall be $750,000. For 2018, the Threshold EBT shall be $1,250,000. For 2019, the Threshold EBT shall be $1,750,000.
  
 No less than 60% of the Corporate Bonus Pool shall be in the form of newly issued restricted common stock, at the discretion of the Compensation Committee. For 2017, the restricted common stock shall be issued at $40 per share to the Corporate Bonus Pool. For 2018, the restricted common stock shall be issued at a price to be determined by the Compensation Committee per share to the Corporate Bonus Pool. For 2019, the restricted common stock shall be issued at price to be determined by the Compensation Committee per share to the Corporate Bonus Pool. When determining the price per share, the Compensation Committee shall use best efforts to determine the fair market value of the restricted stock per share at the time of share issuance.
  
  	 
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 Threshold Performance and High-Water Mark
  
 Notwithstanding any provision of the is Plan, if the Yearly EBT is less than the Threshold EBT, then no Corporate Bonus shall be awarded for the fiscal year.
  
 Corporate Bonus Distribution
  
 If the Yearly EBT is above the Threshold EBT, then the name executive officers (NEOs) will, at the discretion of the Compensation Committee, each be awarded a Corporate Bonus up to the amount of (A) the executive’s Bonus Percentage times (C) the Corporate Bonus Pool. Top management shall make a recommendation to the Compensation Committee for the allocation of the bonus pool to the remaining plan participants, based upon its judgment of the relative contribution of each participant, including amounts that are not allocated and returned to the company. The Compensation Committee shall approve the amounts of each plan participant’s Corporate Bonus, if any, and authorize its payout.
   
 Payouts, Deferrals, Grants and Vesting
  
 For each plan participant, his or her Corporate Bonus shall be awarded as follows: (a) no less than 60% (subject to increase at the discretion of the Compensation Committee) of his or her Corporate Bonus paid in restricted common stock of the Company issued within 90 days of end of the fiscal year at the common stock per share price determined for the relevant fiscal year (the “Restricted Stock Bonus”) and (b) a cash amount, not to exceed 40% of his or her Corporate Bonus, paid within 90 days of the end of the fiscal year equal to his or her Corporate Bonus minus the Restricted Stock Bonus.
  
 All cash payments or vesting of stock are subject to withholding and deductions as required by applicable laws.
  
  
  	 2hlwd_ex101.htm

EXHIBIT 10.1
  
 Pure Flix Entertainment LLC
 18940 N Pima Road, Suite #110
 Scottsdale, AZ 85255 USA
 Telephone 480/991-2258
 Telecopier 480/383-6266
  
 Michael Scott
 CEO
  
 As of November 10, 2017
  
  	 Chuck Howard 
	 Danny Chan

	 CEO/President 
	 CEO

	 Big Film Factory, LLC (“Big Film”)Almost Never Films, Inc. (“Almost Never”)

	 2935 Berry Hill Drive
	 8605 Santa Monica Blvd., #98258

	 Nashville, TN 37204 
	 West Hollywood, CA 90069

	 Chuckhoward1@gmail.com dc@almostneverfilms.com
	  

  
  	Re: 	First Amendment Agreement to our 6x picture Production and Distribution Agreement between Big Film Factory LLC (“Big Film” or “Prodco”) and Pure Flix Entertainment LLC (“PFE”) dated as of July 1, 2017 (our “Agreement”, this document our “First Amendment Agreement”).

  
 Dear Chuck and Danny:
  
 This First Amendment Agreement dated as of November 10, 2017, will serve to memorialize our understanding and restated agreement with respect to the development, packaging, production, post-production and worldwide distribution of the Pictures intended for initial and primary worldwide exhibition on the SVOD in connection with the Agreement. Capitalized terms not otherwise defined herein shall have the meanings given to them in the Agreement. We hereby agree as follows:
  
  	  
	1.	Added Party: Almost Never Films, Inc., an Indiana “C” Corporation, with offices at 8605 Santa Monica Boulevard, #98258, West Hollywood, CA 90069, will be added as a party to the Agreement wherever Big Film is referenced in connection with providing production services in conjunction with Big Film as well as providing production capital and cash flowing each of the first six (6) Pictures produced under the Agreement (“6 Pictures”). Both Prodco and PFE agree to expand the defined role of “Prodco” in the Agreement, to add Almost Never to that definition, and grant Almost Never equally the same role and responsibilities heretofore only held by Big Film Factory, LLC in connection with the 6 Pictures.
	  
	  
	  

	  
	2.	Responsible Parties/Payment by PFE: Prodco is now comprised of both Big Film Factory and Almost Never, each of which are jointly and severally liable under the Agreement to produce and deliver the 6 Pictures ordered by PFE. Big Film and Almost Never agree that as between the two of them, Almost Never will be the sole and exclusive payee from payer PFE for the first $350,000USD due them, after which PFE will send payments due them to a mutually acceptable 4th party collection account set up by them at a reputable financial institution, costs for which will be borne by them (“Collection Account Manager” or “CAM”). PFE’s future payments to the CAM shall release PFE from any liability or claims by Almost Never or Big Film for those payments. Big Film will receive a copy of all statements that go to Almost Never.
	  
	  
	  

	  
	3.	Credits: Almost Never will be accorded a company credit and Producer Credits equal to those of Big Film, subject to standard Distributor approvals.
	  
	  
	  

	  
	4.	Insurance: Prodco will provide Almost Never,, Big Film and PFE with Producer’s E & O Insurance for a term of not less than three (3) years from delivery of any such Picture to PFE, and with limits of $1 million/$3 million/ $25K SIR as are common to the television/SVOD industry.
	  
	  
	  

	  
	5.	Agreement Terms Unchanged: Except for the amendments and additions made in this First Amendment Agreement, the existing terms and conditions of our Agreement will remain in full force as between Big Film and PFE. Almost Never is attached for these 6 Pictures only. Almost Never has a first right to finance theatrical release of any of the 6 Pictures.

  
 If the foregoing meets with your approval please execute in the spaces provided below, scanning and returning the same to my attention at this e-mail address. I will counter execute our document and promptly return a copy to you. While documents may later be drafted and executed between our companies that are consistent with industry trade practices and customs, but not inconsistent with the terms of this document and our Agreement, which we agree to promptly execute, this will serve as a valid and binding agreement as between us.
  
 [signature page to follow]
  
  	 
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 Sincerely,
  
 /s/
  
 Michael Scott
  
  	C: 	Rick Bonn
	  
	 Cris Fastrup

  
  	 ACCEPTED AND AGREED:
	 	ACCEPTED AND AGREED:	 
	  
	  
	  
	  
	  

	 Big Film Factory, LLC 
 (“Prodco” or “Big Film”) 
	  
	 Pure Flix Entertainment LLC
 (“PFE”)
	  

	   
	  
	  
	  
	  

	 By:
	/s/ Chuck Howard	 	By:	/s/ Michael Scott	 
	 Its:
	President	 	Its:	CEO	 
	 Date:
	11/10/17	 	Date:	11/10/17	 
	  
	  
	  
	  
	  
	  

	  
	  
	  
	  
	  
	  

	 Almost Never Films, Inc.
 (“Almost Never”)
	  
	  
	  
	  

	  
	  
	  
	  
	  
	  

	 By:
	 /s/ Danny Chan
	  
	  
	  
	  

	 Its:
	 CEO
	  
	  
	  
	  

	 Date:
	 11/10/17
	  
	  
	  
	  

  
  
  
  	 2EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 1 TO RETIREMENT AND TRANSITION SERVICES 

AGREEMENT 
 Amendment
No. 1, dated as of November 13, 2017 (this “Amendment”), to the Retirement and Transition Services Agreement, dated as of October 24, 2017 (the “Retirement Agreement”), between comScore,
Inc., a Delaware corporation (the “Company”), and Gian M. Fulgoni (“Executive”). 
 WHEREAS, the Company
and Executive have mutually determined that it is in their respective best interests to amend the Retirement Agreement as set forth in this Amendment. 

NOW THEREFORE, in consideration of the foregoing and the mutual agreements set forth in the Retirement Agreement and in this Amendment, the
parties hereto hereby agree as follows: 
 1.     Section 1 of the Retirement Agreement is hereby amended and restated
in its entirety as follows: 
 “Retirement. Executive will retire from his position as Chief Executive Officer,
effective at the close of business on November 13, 2017 (the “Retirement Date”). Effective the Retirement Date, Executive will also be deemed to have resigned from all other elected, appointed or otherwise held positions within the
Company, except as a member of the Board or as otherwise provided herein. Executive shall continue to serve as a member of the Board until the earlier of: (i) the time that a permanent, full time, successor Chief Executive Officer, appointed by
the Board, takes office; or (ii) the next annual meeting of the Company’s stockholders following the Retirement Date. Executive has informed the Board that he does not intend to stand for reelection at the conclusion of his current term as
a member of the Board.” 
 2.     Section 4.f. of the Retirement Agreement is hereby amended and restated in its
entirety as follows: 
 In consideration for the services provided as Chief Executive Officer from August 10, 2017 through
the Retirement Date, upon such Retirement Date or as soon thereafter as the Company has a duly approved and effective successor equity plan to the 2007 Plan and can award RSUs thereunder in accordance with the terms and conditions thereof and the
Legal Requirements, the Company shall authorize and issue to Executive $1,000,000 in RSUs (the “Transition Services RSUs”), which shall be considered fully vested on the issuance date, and shall be settled in shares of common stock of the
Company as promptly as possible after vesting in a manner which complies with Section 409A of the Code; provided, however, that Executive understands and agrees that he must remain in the role of Special Advisor to the Chairman and the Chief
Executive Officer in order to be eligible to be issued the RSUs described in this Paragraph 4(f), and that such RSUs will be forfeited if Executive ceases to serve as Special Advisor prior to the date that such RSUs are issued by the Company. 

 3.     The Company hereby reaffirms and acknowledges that, as of the date of
this Amendment, none of William Livek, the Company’s President and Executive Vice Chairman, Greg Fink, the Company’s Chief Financial Officer and Treasurer, or Carol DiBattiste, the Company’s General Counsel & Chief
Compliance, Privacy and People Officer, is aware of any claim or potential claim that the Company might have against Executive under any legal , equitable, contract, tort, statutory or other theory. 

4.     The Company and the Executive has each executed and delivered the General Release of All Claims and Certain
Additional Agreements by the Company and Executive, as attached hereto as Exhibit A. 
 5.     This Agreement
shall be governed in all respects by the laws of the Commonwealth of Virginia, without reference to its choice of law rules. 
 6.
    The Retirement Agreement is not otherwise supplemented or amended by virtue of this Amendment, and the provisions thereof remain in full force and effect in all respects except to the extent specifically amended
hereby. 
 7.     This Amendment may be executed in any number of counterparts and each of such counterparts will
for all purposes be deemed to be an original , and all such counterparts will together constitute but one and the same instrument. A signature to this Amendment transmitted electronically will have the same authority, effect and enforceability as an
original signature. 
 8.     This Amendment will be effective as of the date first above written and all references to
the Retirement Agreement will, from and after such time, be deemed to be references to the Retirement Agreement as amended hereby. 

[Signatures on the Following Page] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the
date and year first above written. 
 November 13, 2017 
  

			
	COMPANY:
	
	COMSCORE, INC.
	
	 /s/ Carol DiBattiste

	Name:	 	Carol DiBattiste
	Title:	 	General Counsel & Chief Compliance, Privacy and People Officer
	
	EXECUTIVE:
	
	 /s/ Gian M. Fulgoni

	Gian M. Fulgoni

  
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