Document:

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Exhibit 10.1

REFERRAL AGREEMENT

THE PARTIES TO THIS AGREEMENT ARE:

The Agent:    Novy Mir, Ltd.

                       Chkalova 39A, Suite 502

                       Irkutsk, Russia

The Company:  Slavia, Corp.

                 3050 Erin Centre Blvd, Unit 69

    Mississauga, Ontario L5M 0P5, Canada

Whereas the Agent may from time to time refer potential customers to the Company for a referral fee.

The Parties agree to the following:

1.  The referral fee shall be calculated as ten per cent (10%) of the net value of services sold by the Company as a direct result of a referral.  Net value shall exclude postage, refunds and payments not honored by a financial institution. Subsequent sales of services to the referred customer shall not be subject to a referral fee except where such subsequent purchase is the direct result of a repeat referral.

2.  Upon reconciliation of referral fees due, the Agent shall issue an invoice to the Company and payment shall be affected within thirty (30) days of submission of said invoice.

3.  Placement of advertisements and referral methods for the Company are at the sole discretion of the Agent.  However, in order to solicit sales, the Agent shall not make promises or issue any warranty either expressed or implied pertaining to the services offered by the Company unless authorized in writing by the Company to do so.

4.  The relationship between the parties shall at all times be that of independent contractors.  No employment, partnership or joint venture relationship is formed by this referral agreement and at no time may the Agent position itself as affiliated to the Company, except as an independent referrer. In view of this independent relationship the Agent shall not enter into any agreements on behalf of the Company, shall make no warranty either expressed or implied on behalf of the Company and shall not incur any expenses on behalf of the Company.

5.  This referral agreement does not grant exclusive rights to the Agent to act as referrer on behalf of the Company and the Agent shall have no rights under any other agreements entered into by the Company with other Agents.

6.   The Agent agrees not to disclose any confidential information pertaining to the Company's services nor that of prospective or existing customers to any third party. The Agent may do follow-up enquiries with its referred customers to confirm their purchase and to gather feedback about their experience with the Company's services as supplied.

7.  Either party may terminate this referral agreement at any time by giving the other party ten (10) days prior written notice.  Upon termination by either party all outstanding referral fees due to the Agent at that time shall be settled in full within thirty (30) days.

8.  Each party shall indemnify, defend and hold the other party (and any other relation to the other party) harmless against any and all claims of whatsoever nature arising from misrepresentation, default, misconduct, failure to perform or any other act related to this agreement.

9.  This agreement constitutes the whole agreement between the parties and any alteration must be in writing and signed by both parties.

Signed on this 7 day of May 2012.

/s/ Konstantin Panin

Novy Mir, Ltd., Director

Agent

/s/ Ksenia Shpeyzer 

Slavia, Corp., President

Company 

Both signatories duly warrant their authority to sign this agreement.exh44.htm

Exhibit 4.4

	  	  	  	  	  	  	  
	  	
INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

	  	  	  	
COMMON STOCK

 PAR VALUE $.01

	  
	
Number

	  	  	  	  	  	
Shares

	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	
[Engraved Picture of Globe and People]

	  	  
	  	  	  	  	  	  	  
	
THIS CERTIFICATE IS TRANSFERABLE IN CANTON, MA AND NEW YORK, NY

	  	  	  	
CUSIP 918905 10 0

	  	  	  	
SEE REVERSE FOR CERTAIN DEFINITIONS

	  	  	  	  	  
	  	
Valhi, Inc.

	  
	  	  	  	  	  
	  	  	  	  	  
	
This Certifies that

	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	
is the owner of

	  	  	  	  
	  	  	  	  	  
	
FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF

	
Valhi, Inc. (hereinafter called the Corporation), transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney upon surrender of this certificate properly endorsed.  This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.

Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers

	  	  	  	  	  
	  	  	
[Valhi, Inc.

	
Dated                         

	  
	
[Facsimile Signature]

	  	
Corporate Seal

	
COUNTERSIGNED AND REGISTERED

	
Chairman of the Board

	
Delaware]

	
COMPUTERSHARE TRUST COMPANY, N.A.

	  	  	  	  	
TRANSFER AGENT

	
[Facsimile Signature]

	  	  	
AND REGISTRAR

	  	
Secretary

	  	
BY:  [Facsimile Signature]

	  	  	  	
AUTHORIZED SIGNATURE

	  	  	  	  

  

  

  

 

Valhi, Inc.

The Corporation will furnish to any stockholder upon request and without charge, a full statement (a) of the designation, relative rights, preferences and limitations of the shares of common stock and the shares of preferred stock of each series authorized to be issued, so far as the same have been determined and (b) of the authority of the board of directors to divide the shares of preferred stock into series and to determine and change the relative rights, preferences and limitations of any class or series.

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws and regulations:

	
TEN COM

	
—

	
as tenants in common

	  	
UNIF GIFT MIN ACT

	
—

	
Custodian                       

	
TEN ENT

	
—

	
as tenants by the entireties

	  	  	  	
(Cust)                 (Minor)

	
JT TEN

	
—

	
as joint tenants with right of survivorship and not as tenants in common

	  	  	  	
under Uniform Gifts to Minors Act

 

 

(State)

	  	  	
Additional abbreviations may also be used though not in the above list.

	  
	  	  	  	  	  	  	  

	
For Value Received, ______ hereby sell, assign and transfers unto

	
PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

	  	  
	  	  	  
	  	  
	  
	
PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

	  
	  
	
Shares of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

	  
	
Attorney to transfer the said stock on the books of the within-named Corporation with full power of substitution in the premises

Dated,                                           

Signature of Registered Holder(s):

X                                                                      

X                                                                      

NOTICE:  The signature(s) to this assignment must correspond with the name(s) of the registered owner(s) as it appears upon the face of this certificate in every particular, without alteration or enlargement or any change whatsoever.

Signature Guaranteed By:

Bank or Member Firm of Major Stock Exchangeexh45.htm

Exhibit 4.5

Valhi, Inc.

2012 Director Stock Plan

Section 1.  Purpose.  The purpose of this Plan is to advance the interests of Valhi and its stockholders by providing incentives to its directors to contribute to the strategic and long-term performance objectives and growth of Valhi.

Section 2.  Definitions.  The following terms shall have the meanings indicated:

(a)           “Board” shall mean the board of directors of Valhi.

(b)           “Code” shall mean the Internal Revenue Code of 1986, as it now exists or may be amended from time to time, and the rules and regulations promulgated thereunder, as they may exist or may be amended from time to time.

(c)           “Committee” shall mean a committee of the Board, if any, designated by the Board to administer this Plan that is comprised of not fewer than two directors and shall initially mean the management, development and compensation committee of the Board.  The membership of the Committee or any successor committee (i) shall consist of “nonemployee directors” (as defined in Rule 16b-3) and meet any other applicable requirements so as to comply at all times with the applicable requirements of Rule 16b-3, (ii) shall consist of “outside directors” (as defined in Treasury Regulation §1.162-27(e)(3)(i) or any successor regulation) and meet any other applicable requirements so as to comply at all times with the applicable requirements of Section 162(m) and (iii) shall meet any applicable requirements of any stock exchange or other market quotation system on which Common Shares are listed or traded.  References to the Committee hereunder shall include the Board where appropriate.

(d)           “Company” shall mean Valhi and any parent or privately held subsidiary of Valhi.

(e)           “Common Shares” shall mean shares of common stock, par value $0.01 per share, of Valhi and stock of any other class into which such shares may thereafter be changed.

(f)           “Effective Date” shall mean May 31, 2012.

(g)           “Exchange Act” shall mean the Securities Exchange Act of 1934, as it now exists or may be amended from time to time, and the rules promulgated thereunder, as they may exist or may be amended from time to time.

(h)           “Director” shall mean a member of the board of directors of Valhi at such time.

(i)           “Grant” shall mean a grant of Common Shares to a Director under this Plan.

(j)           “Plan” shall mean this Valhi, Inc. 2012 Director Stock Plan, as it may be amended from time to time.

(k)           “Rule 16b-3” shall mean Rule 16b-3 promulgated by the U.S. Securities and Exchange Commission under the Exchange Act and any successor rule.

(l)           “Section 162(m)” shall mean §162(m) of the Code, any rules or regulations promulgated thereunder, as they may exist or may be amended from time to time, or any successor to such section.

(m)           “Treasury Regulation” shall mean a final, proposed or temporary regulation of the U.S. Department of Treasury under the Code and any successor regulation.

  

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(n)           “Valhi” shall mean Valhi, Inc., a Delaware corporation, and any of its privately held subsidiaries.

Section 3.  Administration.  Unless the Board shall designate itself, this Plan shall be administered by the Committee.

The Committee has all the powers vested in it by the terms of this Plan.  Such powers shall include the exclusive authority to select the Directors to receive Grants under this Plan, and to determine the number of Common Shares granted, the time of the Grants to be made to each Director selected and the terms and conditions (if any) associated with the Grants.  The Committee is authorized to interpret this Plan and to make any other determinations that it deems necessary or desirable for the administration of this Plan.  The Committee may correct any defect or supply any omission or reconcile any inconsistency in this Plan or in any Grant in the manner and to the extent the Committee deems necessary or desirable to carry it into effect.  Any decision of the Committee in the interpretation and administration of this Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned.  The Committee may act only by a majority of its members, except that the members thereof may authorize any one or more of their members or any officer of Valhi to execute and deliver documents or to take any other ministerial action on behalf of the Committee with respect to Grants.

No member of the Committee and no officer of the Company shall be liable for anything done or omitted to be done by him or her, by any other member of the Committee or by any officer of the Company in connection with the performance of duties under this Plan, except for his or her own willful misconduct or as expressly provided by statute.  In addition to all other rights of indemnification and reimbursement to which a member of the Committee and an officer of the Company may be entitled, the Company shall indemnify and hold harmless each such member or officer who was or is a party or is threatened to be made a party to any threatened, pending or completed proceeding or suit in connection with the performance of duties under this Plan against expenses (including reasonable attorneys’ fees), judgments, fines, liabilities, losses and amounts paid in settlement actually and reasonably incurred by him or her in connection with such proceeding or suit, except for his or her own willful misconduct or as expressly provided otherwise by statute.  Expenses (including reasonable attorneys’ fees) incurred by such a member or officer in defending any such proceeding or suit shall be paid by the Company in advance of the final disposition of such proceeding or suit upon receipt of a written affirmation by such member or officer of his or her good faith belief that he or she has met the standard of conduct necessary for indemnification and a written undertaking by or on behalf of such member or officer to repay such amount if it shall ultimately be determined that he or she is not entitled to be indemnified by the Company as authorized in this Section.

Section 4.  Grants of Common Shares under this Plan.

(a)           Maximum Number of Shares that May be Issued.  There may be issued under this Plan an aggregate of not more than 200,000 Common Shares, subject to adjustment as provided in Section 5.  Common Shares issued pursuant to this Plan may be either authorized but unissued shares, treasury shares or any combination thereof.  The number of Common Shares that may be issued to a Director under this Plan may not exceed 10,000 shares in any calendar year.

(b)           Conditions for Receipt of Grant.  Entitlement to a Grant shall be conditioned upon achieving specified Company performance goals for a given performance period based on the closing price per share on the New York Stock Exchange (or any other stock exchange or market quotation system on which Common Shares are listed or traded) for the period specified by the Committee.  The Committee shall, from time to time, designate the performance goals, which shall be documented in writing, and, for any performance period, must be established no later than ninety (90) days after the commencement of such performance period.

(c)           Rights with Respect to Common Shares and Other Securities.  Except as provided in Section 5, no adjustment shall be made for dividends, distributions or other rights (whether ordinary or extraordinary, and whether in cash, securities, other property or other forms of consideration, or any combination thereof) for which the record date is prior to the date such stock certificate or other instrument of ownership, if any, is issued.  In all events, a Director who receives a Grant shall have no rights as a stockholder with respect to such Common Shares represented by such Grant until the issuance to him or her of a stock certificate representing such shares.

  

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Section 5.  Dilution and Other Adjustments.  In the event of any change in the outstanding Common Shares by reason of any stock split, stock dividend or other extraordinary or unusual event, if the Committee shall determine, in its discretion, that such change equitably requires an adjustment to the maximum number of Common Shares available for issuance (i) under this Plan or (ii) to any one Director under this Plan in any one calendar year, such adjustments may be made by the Committee and shall be final, conclusive and binding for all purposes of this Plan.

Section 6.  Miscellaneous Provisions.

(a)           No fractional shares may be delivered under a Grant, but in lieu thereof a cash or other adjustment shall be made as determined by the Committee in its discretion.

(b)           Determinations made by the Committee under this Plan need not be uniform and may be made selectively among Directors, whether or not such Directors are similarly situated.  Such determinations shall include the right to exercise discretion to reduce prior to its grant date the amount of a Grant made to any Director; provided, however, the exercise of discretion shall not have the effect of increasing any Grant that is payable to any Director.

(c)           No Director or other person shall have any claim or right with respect to this Plan, the Common Shares reserved for issuance under this Plan or in any Grant, contingent or otherwise, until the Common Shares represented by such Grant shall have been delivered to the recipient and all the terms, conditions and provisions of this Plan and the Grant applicable to such recipient (and each person claiming under or through him or her) have been met.

(d)           No Common Shares shall be issued hereunder with respect to any Grant unless counsel for Valhi shall be satisfied that such issuance will be in compliance with applicable law and any applicable rules of any stock exchange or other market quotation system on which Common Shares are listed or traded.

(e)           It is the intent of Valhi that this Plan comply in all respects with Rule 16b-3 and Section 162(m) with respect to Grants, that any ambiguities or inconsistencies in construction of this Plan be interpreted to give effect to such intention and that if any provision of this Plan is found not to be in compliance with Rule 16b-3 or Section 162(m), such provision shall be deemed null and void with respect to Grants granted to executive officers of Valhi to the extent required to permit such Grants to comply with Rule 16b-3 and Section 162(m).

(f)           The expenses of this Plan shall be borne by Valhi; provided, however, Valhi may recover from a Director or his or her heirs or assigns any and all damages, fees, expenses and costs incurred by Valhi arising out of any actions taken by a Director in breach of this Plan.

(g)           By accepting any Grant or other benefit under this Plan, each Director and each person claiming under or through him or her shall be conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, any action taken under this Plan by Valhi, the Board or the Committee.

(h)           The appropriate officers of Valhi shall cause to be filed any reports, returns or other information regarding Grants hereunder of any Common Shares issued pursuant hereto as may be required by applicable law and any applicable rules of any stock exchange or other market quotation system on which Common Shares are listed or traded.

  

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(i)           The validity, construction, interpretation, administration and effect of this Plan, and of its rules and regulations, and rights relating to this Plan and to Grants under this Plan, shall be governed by the substantive laws, but not the choice of law rules, of the state of Delaware.

(j)           Records of Valhi shall be conclusive for all purposes under this Plan or any Grant, unless determined by the Committee to be incorrect.

(k)           If any provision of this Plan or any specific Grant is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions of this Plan, the specific Grant or any other Grant, but such provision shall be fully severable, and this Plan, such specific Grant and any other Grant, as applicable, shall be construed and enforced as if the illegal or invalid provision had never been included in this Plan, the specific Grant or any other Grant, as applicable.

(l)           The terms of this Plan shall govern all Grants under this Plan and in no event shall the Committee have the power to authorize a Grant under this Plan that is contrary to any of the provisions of this Plan.

Section 7.  Plan Amendment or Suspension.  This Plan may be amended or suspended in whole or in part at any time from time to time by the Board.  No amendment of this Plan shall adversely affect in a material manner any right of any person with respect to any Grant previously granted without such person’s written consent.

Section 8.  Plan Termination.  This Plan shall terminate upon the earlier of the following dates or events to occur:

(a)           upon the adoption of a resolution of the Board terminating this Plan; or

(b)           when no more Common Shares are authorized to be issued under this Plan.

No termination of this Plan shall materially alter or impair any of the rights or obligations of any person, without his or her consent, under any Grant previously granted under this Plan.

Section 9.  Effective Date.  This Plan shall be effective, and Grants awarded under this Plan, on or after the Effective Date.

	
ADOPTED BY THE BOARD:                                                                 

	
February 23, 2012

	
APPROVED BY THE STOCKHOLDERS:

	
May 31, 2012

	
EFFECTIVE DATE:                                                                 

	
May 31, 2012

EXECUTED to evidence this Valhi, Inc. 2012 Director Stock Plan adopted by the Board on February 23, 2012 and the stockholders of Valhi on May 31, 2012.

	
  

	
Valhi, Inc.

	
  

	
By:

	
/s/ A. Andrew R. Louis

	 

	
  

	
A. Andrew R. Louis, Vice President and Secretary

 

  

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