Document:

tihc_ex102.htm

EXHIBIT 10.2
 
Dear Investor, 
 
We are pleased to announce the following press release went out nationally today from Elluminance, LLC ("Elluminance"). Titanium Healthcare, Inc. (OTC: TIHC) owns 51% of Elluminance through subidiary Titanium Defense & Intelligence, LLC. Elluminance is the first of three joint ventures contemplated for Titanium. We are currently in the process of changing our name of the company to Titanium Global Industries, Inc. due to the business model including many other business verticals beyond the healthcare industry.
 
About Titanium Healthcare, Inc.
 
In the fall of 2015 we started the process of supplementing our healthcare business plan by entering into joint venture agreements with strategic partners in the science and technology industries. These joint ventures are intended to take advantage of our platform as a timely-filed public entity and expand our Company into new industries, such as aerospace & defense, transportation, energy and life sciences. If we are successful in implementing these new initiatives, we believe our new strategic partners will provide key personnel and process know-how through the new joint ventures which focus on bridging science and technology to provide near-term, monetizable solutions to major companies and defense agencies in multiple industries.
 
As a result of this new direction, we intend to seek up to $250 million of new capital to acquire infrastructure such as labs, a supercomputing center, a new headquarters, intellectual property, other strategic assets and to hire talented personnel and launch FDA studies on our existing compounded prescription medication.
 
On October 14, 2015, we entered into another binding letter of intent with LBData, LLC ("LBData"). Pursuant to this letter of intent, on September 29, 2015, we and LBData have formed a new limited liability company, Elluminance, to conduct a joint venture between the companies. If the transactions contemplated by the letter of intent are consummated, the joint venture will capitalize on the group's expertise and applications in using sensors and supercomputing information technologies to modernize the electrical grid, improve oil and gas exploration, and also improve the transportation industry. The closing of the transactions contemplated by this letter of intent are conditioned upon a number of conditions, including the satisfactory completion of due diligence investigations by the parties, the parties successfully raising at least $10 million of capital which would be used for operating purposes of the joint venture, completion and execution of the joint venture organizational documentation, and entering into employment agreements with certain LBData personnel. We are required to fund $250,000 as soon as practical as the new joint venture's initial capital contribution, or in the event of termination, the owners of LBData will repay us $250,000 plus interest. LBData will contribute its rights to certain developed business processes, intellectual property, customer contracts and customer contacts to the joint venture. In addition to the joint venture, at closing we would issue approximately 5 million shares of our common stock to LBData. We can terminate the letter of intent for any reason upon written notice to LBData. We intend to close the transactions addressed in this letter of intent by March 15, 2016 and either party can terminate the agreement if funding has not occurred by that time. Each of the parties to the letter of intent is responsible for their own costs and expenses. 
 
Debbie Woods
Chief Marketing Officer (OTC: TIHC)
11701 Bee Caves Rd #124 Austin, Texas 78738
817.680.7767 Cell | 469-606-4521 Main | 469-606-4515 Fax
www.titaniumhc.com
 
	 
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elluminance Teams with National Instruments
 
elluminance Proves Real-time Solutions for the Industrial IoT
 
AUSTIN, Texas, January 25, 2016 – Today, elluminance announced its Real-time Data Platform and Time to Insight Solutions aimed at companies that desire to harness the value of the Industrial Internet of Things (IIoT) for competitive advantage. elluminance solutions acquire physical object data and can provide real-time decisions in microseconds for real-time control and remediation of operational failures.
 
The IIoT promises to fundamentally transform and disrupt a wide range of traditional industries through improved operational efficiency, product advancements and changed business models with new revenue opportunities. Sensors are a data source essential to building the IIoT. An IIoT infrastructure designed to capture sensor data can provide real-time or near-real-time information, upon which organizations may base timely decisions. However, collecting data from sensors and making sense of it is difficult. elluminance technology is based on an interdisciplinary approach that connects the sensor world with the world of IT leading to new understandings of complex environments. elluminance data scientists include experts in sensors and instrumentation, real-time analysis, Big Data Analytics and High Performance Computing (HPC). Together, elluminance experts develop converged and harmonized IIoT and IT solutions, to create compelling diagnostic, predictive and prescriptive analysis.
 
To provide customers with continuous availability, high scalability and performance, elluminance has selected Hewlett Packard Enterprise (HPE) Moonshot as a development platform for its new IIoT solutions. HPE Moonshot is an energy-efficient, integrated server system with workload-optimized solutions for web serving, hosted desktop, video transcoding, application delivery and real-time day processing.
 
"Industrial IoT is rapidly becoming a central point of discussion as organizations of all sizes are becoming more aware of the business, engineering and scientific value of the data they manage," said Dr. Tom Bradicich, PhD, vice president and general manager, Servers and IoT Systems, HPE. "The predictability of elluminance's industrial IoT software and the scalability of HPE Moonshot systems enables customers to extract insight from large data sets effortlessly and with exceptional performance."
 
"elluminance shares our vision for Big Analog DataTM," said Pete Zogas, Senior vice president of Segments and Services at National Instruments. "They have assembled a talented team with expert solution knowledge in the sensor to IT value chain. We are excited to have them in our Alliance Program and to partner with them to deliver value to our mutual customers in the Industrial IoT market."
 
Much of what IT calls "dark data" comes from systems known by engineers and operations staff as operational technology (OT). OT typically involves systems and devices that monitor and control real-world equipment and assets. Today's asset-intensive companies are replete with equipment and systems with embedded sensors generating data. Thousands of sensors and controllers continually measure, record and report temperatures, pressures, flows and vibrations—often at microsecond intervals.

 
	 
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"The potential for sensor data to provide new insight into the operational efficiency of machinery is transformative," said Stephanie Amrite, Product Manager for DIAdem of National Instruments. "For instance, fuel is the largest operational expense in the airline and trucking industries. If you can cut fuel costs by 1 or 2% by designing a more efficient engine from the insight that industrial data can provide, then the savings that affect a company's bottom line could be huge." elluminance Time to Insight offerings will be built around National Instruments' DIAdem and DataFinder software that is used by hundreds of industrial customers including Airbus and Jaguar Land Rover.
 
"As the new networks link data from sensors to IT analytics systems, new and compelling insights and knowledge will be revealed, and those will boost operational efficiencies. The wisdom gained will enhance decision making and transform businesses," said Barry Hutt, CEO, elluminance. "Our roots run deep in the technologies that are driving the growth of the IIoT. Our customers reach new understandings of complex real world problems that can lead to ground6breaking solutions in months instead of years."
 
ABOUT ELLUMINANCE
 
elluminance is an Industrial Real6time Data Solutions software and services company based in Austin, Texas. elluminance delivers on the promise of the Industrial Internet of Things (IIoT)— for customers to gain new understandings of complex environments resulting in process, product and business model improvements. elluminance technology is based on an interdisciplinary approach to connecting the sensor world to the world of IT Big Data analytics. Each phase of an IIoT solution is addressed resulting in a cohesive architecture, implementation and deployment of customer solutions. Services such as modeling labs, training classrooms and on6line tools ensure customers' success. elluminance professionals include experts in sensors and instrumentation, real6time analysis, Big Data Analytics, High Performance Computing, IT, Data, Mathematics, Engineering, Numerical Simulation, Physics and more.
 
elluminance is a subsidiary of Titanium Healthcare Inc., which is currently going through a name change to Titanium Global Industries Inc.
 
Formore information, contact: Patricia Friar patricia.friar@elluminance.com512-656-3730
 
www.elluminance.com
 
 
3Exhibit 10.1

FIRST AMENDMENT

TO THE

SYMETRA FINANCIAL CORPORATION

 EXECUTIVE SEVERANCE PAY PLAN

WHEREAS, Symetra Financial Corporation, a Delaware corporation (the “Company”), Sumitomo Life Insurance Company, a mutual company (sougo kaisha) organized under the laws of Japan (“Sumitomo”) and SLIC Financial Corporation, a Delaware corporation and wholly-owned subsidiary of Sumitomo, are parties to an Agreement and Plan of Merger, dated as of August 11, 2015 (the “Merger Agreement”);

WHEREAS, the Company maintains the Symetra Financial Corporation Executive Severance Plan, which was adopted effective March 5, 2013 (the “Plan”);

WHEREAS, under Section 6.6(a) of the Plan, the Company has the right to amend, terminate or partially terminate the Plan at any time and for any reason in accordance with the procedures set forth in Section 6.6(b) of the Plan;

WHEREAS, the Merger Agreement and the Company Disclosure Letter thereunder permit the Company to amend the Plan to prohibit the amendment or termination of the Plan during the 24-month period following the Effective Time (as defined in the Merger Agreement);

WHEREAS,  Sumitomo has previously agreed either under the Merger Agreement and the Company Disclosure Letter thereunder or subsequent to the execution of the Merger Agreement that, in the case of certain key executives of the Company who participate in the Plan and who entered into a letter agreement, dated August 10, 2015, with Sumitomo in connection with the execution of the Merger Agreement or a letter agreement, dated September 23, 2015, with the Company (each such executive, a “Specified Participant” and each such letter, a “Letter Agreement”), the definition of “Constructive Termination” under the Plan shall conform to the terms of the Letter Agreements; and

WHEREAS, the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”)  administers the Plan and has determined that it is in the best interests of the Company to (A) amend the Plan as permitted under the Merger Agreement and the Company Disclosure Letter thereunder or by Sumitomo subsequent to execution of the Merger Agreement and (B) with respect to a Specified Participant, interpret the Plan in a manner that, to the extent that there is an inconsistency between the Plan and the applicable Letter Agreement, the terms of such Letter Agreement shall control.

NOW, THEREFORE, effective as of and subject to the consummation of the transactions contemplated under the Merger Agreement:

	A.	The Plan is amended in the following respects:

 

 

  

1.    The following definitions shall be added to Article I, and the definitions thereunder shall be re-numbered accordingly:

““Board” means the board of directors of the Company.

“Effective Time” means time of consummation of the transactions contemplated under the Merger Agreement.

“Letter Agreement” means the letter agreement entered into by a Specified Participant and (x) Sumitomo, dated August 10, 2015 or (y) the Company, dated September 23, 2015.

“Merger Agreement” means the Agreement and Plan of Merger, dated as of August 11, 2015, by and among the Company, Sumitomo and SLIC Financial Corporation, a Delaware corporation and wholly-owned subsidiary of Sumitomo.

 “Specified Participant” means a Participant who entered into a Letter Agreement and is designated as (x) an “Executive” in the Merger Agreement or (y) a “Specified Employee” by the Compensation Committee in the resolutions dated on or about January 25, 2016.

“Sumitomo” means Sumitomo Life Insurance Company, a mutual company (sougo kaisha) organized under the laws of Japan.”

2.    The first sentence of Section 1.9, which contains the definition of “Constructive Termination”, shall be replaced with the following:

““Constructive Termination” means a termination of employment with the Company and its Affiliates at the initiative of the Participant that the Participant declares, by prior written notice delivered to the secretary of the Company, to be a constructive termination by the Company or an Affiliate and which follows (i) a material decrease in his/her salary, (ii) a material diminution in the authority, duties or responsibilities of his/her position as a result of which the Participant determines in good faith that he/she cannot continue to carry out his/her job in substantially the same manner as it was intended to be carried out immediately before such diminution or (iii) in the case of a Specified Participant, following the Effective Time, Sumitomo or the Company failing to pay or provide the Specified Participant  with the compensation and benefits set forth in the Letter Agreement or otherwise committing a breach of the Letter Agreement (which remains uncured after written notice and a reasonable opportunity to cure is afforded).  Notwithstanding anything herein to the contrary, no Specified Participant shall be permitted to claim “Constructive Termination” resulting from the transactions contemplated by the Merger Agreement and/or any changes to the Specified Participant’s compensation, benefits or reporting relationships that are contemplated under the Letter Agreement and occur within ninety (90) days following the Effective Time.”

 

 

  

3.    Section 6.6 shall be amended by adding the following subsection (c) to the end thereof:

“(c)            Effective Time

For the period of 24 months immediately following the Effective Time, the Company may not amend, terminate or partially terminate the Plan.”

	B.	In the case of a Specified Participant, to the extent that there is an inconsistency between the Plan and the applicable Letter Agreement, the terms of such Letter Agreement shall control.

	C.	Except as expressly modified hereby, the terms and provisions of the Plan shall remain in full force and effect.

*******

 

 

IN WITNESS WHEREOF, the undersigned officer certifies that the Compensation Committee of the Company’s Board of Directors has approved this amendment to the Plan in all material respects.

 

	 	SYMETRA FINANCIAL CORPORATION	 
	 	 	 	 
	
 

	
By: 

	/s/ Christine A. Katzmar Holmes	 
	 	 	Christine A. Katzmar Holmes	 
	 	 	Senior Vice President

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