Document:

AMENDMENT NO. 2 TO THE CONSULTING AGREEMENT
AND MUTUAL GENERAL RELEASE

 

This AMENDMENT NO. 2
TO THE CONSULTING AGREEMENT AND MUTUAL GENERAL RELEASE (the “Amendment”) is entered into on December
28, 2013, by and between Global Eagle Entertainment Inc., a Delaware corporation (the “Company”), and
Louis Bélanger-Martin, for himself and his heirs, successors and assigns (collectively, “Executive”).

 

WITNESSETH:

 

WHEREAS, the Company
and Executive entered into a Consulting Agreement and Mutual General Release dated as of October 2, 2013, as amended on October
14, 2013 (the “Agreement”); and

 

WHEREAS, the Company
and Executive desire to further amend the Agreement as provided in this Amendment.

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the foregoing, the mutual covenants, promises and agreements hereinafter set forth, the mutual benefits to be gained by the
performance thereof, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
and accepted, the parties to this Amendment, intending to be legally bound, hereby agree as follows:

 

Section 1.Defined
Terms. Capitalized terms used herein, unless otherwise defined herein, have the meanings ascribed to them in the Agreement.

 

Section 2.Amendment
to Section 2(b). Section 2(b) of the Agreement is deleted in its entirety and replaced with the following text:

 

“INTENTIONALLY
OMITTED”

 

Section 3.Amendment
to Section 2(c). Section 2(c) of the Agreement is deleted in its entirety and replaced with the following text:

 

“(c)
Executive shall receive a payment of (A) $2 million in cash and (B) 103,977 fully vested shares of common stock, par value $0.0001
per share (“Common Stock”), of the Company (the “Issued Shares”) to be paid
by the Company within five (5) business days of December 28, 2013. Notwithstanding anything to the contrary contained herein, in
no event shall the aggregate number of shares of Common Stock that may be issued hereunder exceed 19.9% of either (a) the total
number of shares of Common Stock outstanding on the date of the Agreement or (b) the total voting power of the Company’s
securities outstanding on the date of the Agreement that are entitled to vote on matters voted on by holders of the Common Stock,
unless and until the Company has obtained the approval of its stockholders as required by the applicable rules of The Nasdaq Stock
Market for issuances of shares in excess of such amount; provided, however, that any such excess will be paid by the Company in
cash. The Company will issue the Issued Shares under the Company’s 2013 Equity Incentive Plan. Until the date which is ninety
(90) days after Executive is no longer a member of the Board or otherwise an affiliate of the Company, the Company shall make available
adequate current public information with respect to the Company, as contemplated by Rule 144 under the Securities Act of 1933,
as amended (the “Securities Act”). Executive agrees that the Issued Shares shall be subject to a lock-up
that prohibits the sale of such shares for a period of one (1) year from the date of issuance. Such restriction on the sale of
the Issued Shares shall be in addition to any and all other restrictions imposed on such sale by the Securities Act and the rules
and regulations thereunder. The Company will prepare and file with the Securities and Exchange Commission the initial notice of
issuance of the Issued Shares to Executive required by Section 16 (“Section 16”) of the Securities Exchange
Act of 1934, as amended, provided that all other forms required to be filed by Executive pursuant to Section 16 shall be the responsibility
of Executive unless such forms are routinely prepared and filed by the Company on behalf of the Company’s officers and directors.
In connection with the transactions contemplated by this Agreement, Executive has agreed to relinquish his right to options to
purchase 400,000 shares of Common Stock of the Company issued to him on or about February 19, 2013 (the “February 2013
Options”). On Executive’s receipt of the compensation payable under this subsection (c), Executive shall expressly
relinquish his right to options to purchase the remaining 350,000 shares of Common Stock underlying the February 2013 Options.
In furtherance thereof, Executive acknowledges and agrees that (i) the foregoing payment is in exchange for the relinquishment
of Executive’s February 2013 Options, (ii) any consulting fees paid by the Company to Executive were solely in respect of
consulting services provided by Executive to the Company (and such services were performed in Canada for the benefit of the Company)
and were not (A) for any past performance or employment obligations while Executive was Chief Executive Officer of AIA or (B) for
AIA or any affiliated entity of AIA (other than the Company), (iii) the Company will take any and all actions it deems necessary
or advisable in its sole discretion in order to comply with its requisite reporting obligations for U.S. or Canadian income tax
purposes, (iv) Executive is required to timely report, file, remit and pay any taxes Executive owes (whether as an independent
contractor, a member of the Board and/or otherwise) in respect of, related to, resulting from or arising out of any payments made
by the Company to Executive hereunder or in connection with the consulting services provided by Executive to the Company and (v)
Executive acknowledges that he is being paid gross amounts under this Agreement and for Executive’s consulting services,
and that no taxes are being withheld, and that the Executive is therefore fully responsible for any such taxes owed by him in Canada,
the United States, and or in Germany, as and if required by the laws of the respective countries, and that in no way will the Company
assume such tax obligations and responsibilities resulting from or arising out of any payments made by the Company to Executive
hereunder or in connection with the consulting services provided by Executive to the Company.”

 

Section 4.Effect
of Amendment. Except as explicitly amended by the terms of this Amendment, the terms of the Agreement shall remain in effect
and are unchanged by this Amendment.

 

[Signature Page Follows]

    	 

    	 

    

 

IN WITNESS WHEREOF, each
of the parties hereto has caused this Amendment to be duly executed, all as of the day and year first above written.

 

	 	COMPANY:
	 	 	 	 
	 	 	 	 
	 	GLOBAL EAGLE ENTERTAINMENT INC.
	 	 	 	 
	 	 	 	 
	 	By: 	/s/ David Davis	 
	 	 	 	 
	 	Name: 	David Davis	 
	 	 	 	 
	 	Title: 	Chief Financial Officer	 
	 	 	 	 
	 	 	 	 
	 	EXECUTIVE:
	 	 	 	 
	 	 	 	 
	 	/s/ Louis Bélanger-Martin	 
	 	Name: 	Louis Bélanger-MartinExhibit 10.1

 

December 24, 2013

 

 

 

MedPro Safety Products, Inc.

817 Winchester Road, Suite 200

Lexington, KY 40505

Attn: Craig Turner

 

		Re:	Amendment to Maturity Date of Series D Note and Promissory Note

 

Dear Craig:

 

Reference is made to
that certain Series D Senior Secured Promissory Note dated September 12, 2012 (the "Series D Note"), made by MedPro
Safety Products, Inc. ("MedPro") to Vision Opportunity Master Fund, Ltd. ("Vision") and to that
certain Secured Promissory Note dated December 12, 2013, made by MedPro to Vision (the "Promissory Note" and together
with the Series D Note collectively referred to as the "Notes"). Capitalized terms used herein but not defined
shall have the definitions set forth in the Notes.

 

WHEREAS, the
parties acknowledge that the aggregate outstanding principal on the Notes totals $4,310,000 (the "Outstanding Principal");

 

WHEREAS, the
parties acknowledge that the Notes are set to mature on December 31, 2013 (the "Maturity Date");

 

WHEREAS, MedPro
wishes for vision to extend the Maturity Date of the Notes for a period of three (3) months (the "Extension Period")
such that the new maturity date shall be March 31, 2014 (the "New Maturity Date") and Vision has, therefore, requested
as consideration for this extension, that during the Extension Period the Notes shall carry an increased interest rate of 15% per
annum and that Vision receives the right to appoint one (1) member to the MedPro board of directors (the "Board"),
which right may be exercised anytime while there remains any Outstanding Principal.

 

For good and valuable
consideration, the sufficiency and receipt of which is hereby acknowledged, Vision hereby agrees to extend the Notes to the New
Maturity Date and MedPro agrees to pay an increased interest rate of 15% per annum on the Outstanding Principal during the Extension
Period and afford Vision the right to appoint one (1) member to the Board which right may be exercised anytime while there remains
any Outstanding Principal.

 

Except as provided
herein, all other terms and provisions of the Notes shall remain unmodified and in full force and effect.

 

[Signatures are on
the following page]

 

    	 

    	 

    

 

	 	Sincerely,
	 	 	 	 	 
	 	VISION OPPORTUNITY MASTER FUND, LTD.
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/ Adam Benowitz	 
	 	 	Name:	Adam Benowitz	 
	 	 	Title:	Director	 

 

 

 

Read, consented and
agreed to:

 

MEDPRO SAFETY PRODUCTS,
INC.

 

 

	By:	/s/ William Craig Turner	 
	 	Name:	William Craig Turner	 
	 	Title:	CEOExhibit 10.3

 

FNBH BANCORP, INC.

 

SECOND AMENDED AND RESTATED COMPENSATION

PLAN FOR NONEMPLOYEE DIRECTORS

(as Amended and Restated as of January 1, 2009)

 

1.      Purpose
.. The FNBH Bancorp, Inc. Compensation Plan for Nonemployee Directors ("Plan") has been adopted for the nonemployee directors
of FNBH Bancorp, Inc. and its subsidiaries (collectively referred to as "FNBH"), to set forth the manner by which its
nonemployee directors are compensated for their services to FNBH. Nonemployee directors shall be paid a Fixed Fee and, subject
to certain conditions, a Variable Fee for those services. The total of the Fixed Fees and the Variable Fees are referred to as
the "Plan Fees."

 

(a)     
Fixed Fee . The Fixed Fee shall mean the sum of the director retainer and meeting fees paid for attendance at meetings of
the Board of FNBH and committees of the Board, as such retainer and meeting fees may be established by the Board of Directors,
from time to time.

 

(b)     
Variable Fee . The Variable Fee shall equal (i) the total Fixed Fees paid to that director for services for the immediately
preceding calendar year, multiplied by (ii) that percentage of base compensation payable to the officers of FNBH for the immediately
preceding calendar year under the FNBH Profit Sharing Plan (the "Annual Bonus Percentage").

 

2.      Eligibility
.. Each director of FNBH who is not an officer or employee of FNBH or of any subsidiary of FNBH Bancorp, Inc. shall participate
in the Plan ("Eligible Director").

 

3.      Administration
.. The Plan shall be administered by the Compensation Committee (the "Plan Administrator"), who shall have the authority
to interpret the Plan and to adopt procedures for implementing the Plan.

 

4.      Payment
of Fixed and Variable Fees .

 

(a)     
Payment of Fixed Fee . The Fixed Fees shall be paid (i) in cash, or (ii) to a Current Stock Purchase Account.

 

(b)     
Payment of Variable Fee . The Variable Fees, if any, shall be paid solely to a Current Stock Purchase Account.

 

5.      FNBH
Common Stock . The shares of stock subject to purchase or the equivalent to be credited to an Eligible Director's account under
the Plan shall be the shares of FNBH's common stock (the "FNBH Common Stock"). Shares issued and delivered to Eligible
Directors under the Plan may be either newly issued shares or shares purchased by FNBH and reissued. Subject to adjustment as described
below, the maximum number of shares of Common Stock that may be purchased or credited under the Plan is 50,000. If FNBH shall at
any time increase or decrease the number of its outstanding shares of FNBH Common Stock or change in any way the rights and privileges
of such shares by means of the payment of a stock dividend or any other distribution upon such shares payable in FNBH Common Stock,
or through a stock split, subdivision, consolidation, combination, reclassification, or recapitalization involving the FNBH Common
Stock, or in case of the merger or consolidation of FNBH with or into another organization, then, in any such event, the numbers,
rights and privileges of the shares issuable or credited under the Plan shall be increased, decreased or changed in like manner
as if such shares had been issued and outstanding, fully paid, and nonassessable at the time of such occurrence.

 

6.      Payment
Election . An Eligible Director shall file with the Plan Administrator a Payment Election not later than December 31 of the
year preceding the calendar year with respect to which the payment of Plan Fees for the following calendar year. Once filed, the
Payment Election shall continue to be effective (i) until the director ceases to be an Eligible Director, or (ii) until he or she
files a subsequent Payment Election revising any of the terms of the last election filed, provided that no new Payment Election
may change the timing of distributions of any amounts previously deferred under the Plan. Termination of participation shall be
effective immediately at the time a director ceases to be an Eligible Director. Changes in Payment Elections, with respect to the
form of payment of Plan fees, shall be effective with respect to calendar years commencing after the calendar year in which the
change in Payment Election notice is given. All Payment Elections must be made in compliance with Section 16 of the Securities
Exchange Act of 1934, as amended ("Exchange Act") and the rules and regulations promulgated thereunder.

 

    	 

    	 

    

 

7.      Contents
of Payment Election . A Payment Election shall be made on a form prescribed by the Plan Administrator. The Payment Election
shall indicate the following: (i) the Eligible Director's Plan Fees; (ii) the amount or percentage of his or her Fixed Fees to
be credited to the Current Stock Purchase Account, and (iii) the name or names of the Eligible Director's beneficiary or beneficiaries.
Variable Fees may be credited to a Current Stock Purchase Account only.

 

8.      Credits
to Account .

 

(a)     
Fixed Fees . On the last day of each calendar quarter (the "Fixed Credit Date"), an Eligible Director shall receive
a credit to his or her account under the Plan in an amount equal to that director's Fixed Fees earned during that quarter (the
"Credited Fixed Amount").

 

(b)     
Variable Fees . Following the final determination of the Annual Bonus Percentage, as defined in Section 1 above (the "Variable
Credit Date"), an Eligible Director shall receive a credit to his or her account under the Plan in an amount equal to that
determined under Section 1(b) above (the "Credited Variable Amount").

 

Transfers are not permitted between
accounts.

 

9.      Current
Stock Purchase Account . If an Eligible Director has in effect on a Fixed Credit Date, a Payment Election specifying the Current
Stock Purchase Account, on that Fixed Credit Date and/or Variable Credit Date, as the case may be, the Credited Fixed Amount and/or
Credited Variable Amount will be credited to a Current Stock Purchase Account for the benefit of the Eligible Director and will
be used, together with any other cash credited to the account, to acquire directly from FNBH, at a price per share equal to Fair
Market Value on the Fixed Credit Date and/or Variable Credit Date, as the case may be, as many whole shares of FNBH Common Stock
as possible using the funds credited to the Current Stock Purchase Account of that Eligible Director. Any Credited Amount remaining
in an Eligible Director's account will be carried forward for investment under the terms of the Plan at the next Fixed Credit Date
and/or Credited Variable Amount, as the case may be, unless an Eligible Director shall have terminated his or her participation
in the Plan in which case such cash balance will be distributed to the terminated Eligible Director.

 

10.     
Distribution of Deferred Account Balances . No amount credited to an Eligible Director's Deferred Cash Investment Account
or an Eligible Director's Deferred Stock Account shall be distributed prior to the termination of his or her service as an Eligible
Director.

 

 

(a)     
Deferred Stock Account . Effective for Payment Elections made prior to January 1, 2009, Eligible Directors had the right
to defer the payment of either Fixed Fees or Variable Fees to a Deferred Stock Account. Effective January 1, 2009, no Payment Election
may designate the deferral of either Fixed Fees or Variable Fees to a Deferred Stock Account. Any amounts previously credited to
a Deferred Stock Account shall be paid from that account in accordance with the Director's last filed Payment Election. Payments
from a Deferred Stock Account may be paid in a lump sum or in five (5) or ten (10) annual installments. Amounts previously
credited to a Deferred Stock Account shall be converted into "FNBH Stock Units," which shall be equal in number to the
number of shares (rounded to the nearest hundredth of a share) determined by dividing the credited Fixed Amount and/or the credited
Variable Amount by the Fair Market Value of a share of FNBH common stock on the Fixed Credit Date and/or Variable Credit Date,
as the case may be. Dividends paid on FNBH stock shall be credited to a Director's Deferred Stock Account. The amount of the dividend
credit shall be in the form of FNBH Stock Units in an amount determined by multiplying the dividend amount per share by the number
of FNBH Stock Units credited to the Eligible Director's Deferred Stock Account as of the record date for the dividend. Upon payment,
FNBH Stock Units credited to a Director's Deferred Stock Account shall be payable in whole shares of FNBH common stock, together
with cash in lieu of a fractional share, commencing on January 15 of the year which occurs immediately after the end of the fiscal
year in which the Director terminates service as an Eligible Director. Amounts distributed in cash, in lieu of fractional shares,
shall be determined based upon the Fair Market Value of FNBH common stock on the day immediately preceding the date of payment.

 

(b)     
Termination Other Than Retirement . If an Eligible Director's service as an Eligible Director terminates because of his
or her death or for any other reason, other than retirement, the director's account balance shall be distributed in accordance
with his or her Payment Election, commencing on January 15 following the year of termination of service as a director.

 

 (c)     
Distributions to Beneficiaries . Each Eligible Director shall have the right to designate a beneficiary or beneficiaries
to succeed to the right to receive distributions of the Eligible Director's account maintained under this Plan in the event of
an Eligible Director's death. If an Eligible Director fails to designate a beneficiary, or if the designated beneficiary dies without
a contingent beneficiary being designated, distribution of the director's account shall be made to the director's estate. No designation
of a beneficiary shall be valid unless in writing signed by the director, dated and filed with the Plan Administrator. Designated
beneficiaries may be changed from time to time without consent of any prior beneficiaries upon filing the beneficiary portion of
the Payment Election form with the Plan Administrator.

 

    	 

    	 

    

 

11.      Nonassignability
.. No right to receive payments under this Plan nor any shares of FNBH Common Stock credited to a director's Current Stock Purchase
or Deferred Stock Account shall be assignable or transferable by a director other than by will or the laws of descent and distribution.
The designation of a beneficiary by a director under this Plan does not constitute a transfer.

 

12.      Unfunded
Plan . It is intended that this Plan constitute an "unfunded plan" with respect to the Deferred Stock Accounts of
the Eligible Directors. FNBH may authorize the creation of trusts or other arrangements to meet the obligations created under the
Plan as long as FNBH determines that the existence of such trusts or other arrangements is consistent with the "unfunded"
status of the Plan. Any liability of FNBH to any person with respect to any of the accounts established under the Plan shall be
based solely upon contractual obligations that may be created pursuant to the Plan. No such obligation of FNBH shall be deemed
to be secured by any pledge of, or other encumbrance on, any property of FNBH. Benefits payable under this Plan shall be an unsecured
obligation of FNBH, and to the extent that any person acquires a right to receive payments or distributions from FNBH under the
Plan, such right will be no greater than of any unsecured general creditor of FNBH.

 

13.      Trust
For Deferred Stock Account . If FNBH so chooses, it may, as to credits to the Deferred Stock Accounts, make contributions in
cash or in shares of FNBH Common Stock to a trust. Any cash contributions shall be used by the trustee to purchase shares of FNBH
Common Stock within ten (10) business days after the deposit of the funds. The purchase of shares may be made by the trustee in
brokerage transactions or by private purchase, including purchase from FNBH. All shares held by the trust shall be held in the
name of the trustee. All FNBH Common Stock or cash held in a trust shall be held on a commingled basis and shall be subject to
the claims of general creditors of FNBH. All FNBH Common Stock held in any such trust shall be voted by the trustee in its discretion.

 

14.      Fair
Market Value Defined . The term "Fair Market Value" as used in this Plan shall mean as long as the Common Stock is
not actively traded in any recognized market, the average price per share at which shares of Common Stock were bought and sold
during the three (3) preceding months, in transactions known to management of FNBH involving 100 or more shares between purchasers
and sellers; provided that if the total number of shares purchased or sold during the Market Period is less than 100 shares, the
Market Period shall be the preceding six month period. If the shares of Common Stock are actively traded in any recognized market,
the "Fair Market Value" as used in the Plan shall mean the average of the last reported sales price of Common Stock as
of the close of business for each of the last twenty (20) trading days ending the day immediately preceding the day as of which
"Fair Market Value" is to be determined.

 

15.      Retirement
Defined . As used in this Plan, the terms "retirement" and "retire" shall mean voluntary or involuntary
resignation, termination of service based upon attainment of a mandatory retirement age or termination of service as a result of
not being reelected.

 

16.      Rules
of Construction . Headings are given to the sections of the Plan solely as a convenience to facilitate reference. The reference
to any statute, regulation or provision of law shall be construed to refer to any amendment to or successor of such provision of
law. The Plan shall be construed and interpreted in accordance with Michigan law. The Plan is intended to be construed so that
participation in the Plan will be exempt from Section 16(b) of the Exchange Act pursuant to regulations and interpretations issued
from time to time by the Securities and Exchange Commission.

 

17.      Withholding
.. No later than the date as of which an amount first becomes includable in the gross income of a director for federal income tax
purposes with respect to any participation under the Plan, the director shall pay to FNBH, or make arrangements satisfactory to
FNBH regarding the payment of, any federal, state, local or foreign taxes of any kind required by law to be withheld with respect
to such amount.

 

18.      Regulatory
Restrictions . All certificates for shares of FNBH Common Stock or other securities delivered under the Plan shall be subject
to such stock transfer orders and other restrictions as FNBH may deem advisable under the rules, regulations and other requirements
of FNBH, any stock exchange or stock market upon which the FNBH Common Stock is then listed or traded and any applicable Federal,
state or foreign securities law, and FNBH may cause a legend or legends to be placed on any such certificates to make appropriate
reference to such restrictions.

 

19.      Amendment
and Termination . The FNBH Board of Directors may at any time terminate, suspend or amend this Plan. However, no such action
shall be taken with respect to Plan Fees credited to the account of an Eligible Director under this Plan prior to the time of the
action unless the FNBH Board of Directors determines that the action would not be materially adverse to the directors in the Plan.
In addition, no amendment may become effective until shareholder approval is obtained if the amendment (i) except as expressly
provided in the Plan, increases the aggregate number of shares of FNBH Common Stock that are subject to the Plan, (ii) materially
increases the benefits accruing to directors under the Plan, (iii) modifies the eligibility requirements for participation in the
Plan, or (iv) requires approval by FNBH's shareholders under Section 16 of the Exchange Act or the rules or regulations promulgated
thereunder.

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