Document:

EX-10.1

SECOND AMENDMENT

SECOND AMENDMENT, dated July 24, 2007, between Verticalnet, Inc., a Pennsylvania corporation
(the “Company”) and Nathanael Lentz (the “Employee”).

RECITALS

WHEREAS, the Company and the Employee previously entered into an employment agreement, dated
December 23, 2002, as amended on March 16, 2006 (the “Employment Agreement”), that sets
forth the terms and conditions of Employee’s employment with the Company;

WHEREAS, On June 1, 2007, the Company entered into that certain Stock and Warrant Purchase
Agreement (the “Purchase Agreement”) with certain investors (the “Investors”),
whereby the Company sold certain Class B Preferred Stock to the Investors;

WHEREAS, as a condition to entering into the Purchase Agreement, the Investors have requested
that the Employee and the Company agree to amend the Employment Agreement to provide (i) that the
Employee’s salary shall be reduced to $300,000 and (ii) that the Employment Agreement shall have a
term of two years from the closing of the Series B preferred stock financing, pursuant to the
Purchase Agreement;

WHEREAS, Section 15 of the Employment Agreement provides that the Employment Agreement may be
amended pursuant to a written amendment between the Employee and the Company; and

WHEREAS, the Employee and the Compensation Committee of the Board of Directors have agreed to
such an amendment.

NOW, THEREFORE, the Company and the Employee hereby agree that the Employment Agreement shall
be amended as follows:

1. Section 3 of the Employment Agreement is hereby amended by adding a new paragraph to the
end thereof to read as follows:

“Notwithstanding anything in this Employment Agreement to the contrary,
effective July 1, 2007, the Employment Term shall extend to June 1, 2009.
The Agreement shall renew for a one-year renewal term thereafter, unless
either the Employee or the Company gives the other party written notice of
nonrenewal within 180 days prior to the end of Employment Term.”

2. Section 4 of the Employment Agreement is hereby amended in is entirety to read as follows:

“(1) The Employee’s annual salary (the “Salary”) is payable in installments
when the Company customarily pays its officers (but no less often than twice per
month). Effective as of July 1, 2007, the Salary shall be $300,000. For purposes
of Sections 5 and 11(1) of this Agreement, the Employee’s Salary shall be deemed to
be the greater of $380,000 or the Employee’s then current Salary.

(2) Upon the closing of a Subsequent Financing (as defined in that certain Stock and
Warrant Purchase Agreement dated June 1, 2007 (the “Purchase Agreement”) by
and among the Company and certain investors), the Salary shall be $380,000.

(3) Upon the closing of a Subsequent Financing (defined in the Purchase Agreement)
or a Change of Control of the Company (as defined herein), the Company shall pay the
Employee the difference between (i) the portion of the Salary received by the
Employee during the period between July 1, 2007 and the closing of a Subsequent
Financing or a Change of Control of the Company, and (ii) the portion of Salary the
Employee would have received if the Salary had been $380,000 during such period.

(4) Subject to Section 4(1) above, the Board or the Compensation Committee may
review the Salary at any time, in its discretion, but not less frequently than once
a year.”

3. In all respects not modified by this Amendment, the Employment Agreement is hereby ratified
and confirmed.

IN WITNESS WHEREOF, the Company and the Employee agree to the terms of the foregoing
Amendment, effective as of the date first written above.

VERTICALNET, INC.

	 	 	 
	By: /s/ Christopher G. Kuhn

	 	

	 

	 	

	Its: Vice President and General Counsel

	 	/s/Nathanael V. Lentz
	
 
	 	 
	
 
	 	Employee
	July 24, 2007

	 	July 24, 2007
	 

	 	 
	Date

	 	DateFiled by Bowne Pure Compliance

 

Exhibit 10.12.2

AMENDMENT NO. 2 TO TP 1 SPACE CHARTER AND

TRANSPORTATION SERVICE CONTRACT

This Amendment No. 2 (hereafter may be referred to as the “Amendment No. 2”) amends the TP1 Space
Charter and Transportation Service Contract executed on May 9, 2004 between Horizon Lines, LLC and
A.P. Moller as managing owner for and on behalf of A.P. Moller-Maersk A/S trading as Maersk Sealand
(hereafter may be referred to as the “Agreement”), as amended by “Amendment No. 1” executed on
30th November, 2006 (the “Amended Agreement”). This Amendment No. 2 is entered into by
and between Horizon and Maersk who shall each be considered a “Party” to this Amendment, and shall
collectively be considered the “Parties”.

WHEREAS, the Parties intend to add the port of Yantian, PRC to the New TP1 Service under the terms
provided below.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and in receipt of
consideration, the sufficiency of which is hereby acknowledged, the Parties hereto agree as
follows:

This Amendment No. 2 shall become effective on/about June 30th, 2007, to coincide with
the arrival of vessel Horizon Hawk in Yantian, PRC, and remain in effect through the date of
departure of the vessel employed in the New TP1 Service making the final voyage from Yantian
(scheduled for departure on or about March 29th, 2008). This Amendment No. 2 shall cease to be
effective on the date immediately following the date of departure of the vessel employed in the New
TP1 Service making the final voyage from Yantian, and all terms and conditions will revert to the
terms of the Amended Agreement. .

	 	a.	 	All capitalized terms used herein that are not otherwise defined shall have the
meaning provided in the Amended Agreement.

	 
	 	b.	 	All references in the Amended Agreement to “Hong Kong and Kaohsiung” shall be changed
to “Hong Kong, Yantian, and Kaohsiung”.

	 
	 	c.	 	All references in the Amended Agreement to “Kaohsiung and Hong Kong” shall be changed
to “Kaohsiung, Hong Kong, and Yantian”.

	 
	 	d.	 	All references in the Amended Agreement to “Hong Kong or Kaohsiung” shall be changed
to “Hong Kong, Yantian, or Kaohsiung”.

	 
	 	e.	 	All references in the Amended Agreement to “Hong Kong / Kaohsiung” shall be changed
to “Hong Kong / Yantian / Kaohsiung”.

	 
	 	f.	 	All references in the Amended Agreement to “Hong Kong, Kaohsiung, Tacoma or Oakland”
shall be changed to “Hong Kong, Kaohsiung, Yantian, Tacoma or Oakland”.

	 
	 	g.	 	Amend First Revised Appendix 1-A “Slot Rates” by adding the following to the bottom
of the page:

“Surcharge for including Yantian to proforma schedule:

Irrespective of load port, the following rates will be assessed an additional

 

1

 

$***/FEU incremental surcharge (hereinafter referred to as “the Yantian Surcharge”),
which shall not be subject to fuel or CPI adjustment or any other increase:

“Asia to North America (Tacoma, Oakland) TP1 Service; International Cargo”

And

“Asia to Hawaii/Guam (International Cargo)”

	 	h.	 	Amend First Revised Appendix 2 to reflect the following proforma schedule:

Second Revised
Appendix 2

New TP1 Service
Vessel Service Proforma

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	DAYS FROM
	PORT	 	ARRIVAL AT DOCK	 	UNDOCKING TIME	 	TACOMA
	 	 	DAY	 	HOUR	 	DAY	 	HOUR	 	 
	Tacoma

	 	 	 	 	 	SUN
	 	3:00
	 	 	0	 
	Oakland

	 	TUE
	 	3:00
	 	TUE
	 	20:00
	 	 	2	 
	Honolulu

	 	SAT
	 	23:00
	 	SUN
	 	19:00
	 	 	7	 
	Guam

	 	TUE
	 	0:00
	 	WED
	 	6:00
	 	 	17	 
	Yantian

	 	SAT
	 	22:00
	 	SUN
	 	13:00
	 	 	21	 
	Hong Kong

	 	SUN
	 	19:00
	 	MON
	 	2:00
	 	 	22	 
	Kaohsiung

	 	MON
	 	21:00
	 	TUE
	 	8:00
	 	 	23	 
	Tacoma

	 	SAT
	 	8:00
	 	 	 	 	 	 	35	 

Note 1: The above schedule is based on a roundtrip time of 35 days and a frequency of 7 days.

	 	i.	 	The Parties do not waive any rights as a result of entering into this Amendment No.
2. All the rights and obligations of the Parties under the Amended Agreement not
specifically addressed under this Amendment No. 2 remain unmodified.

 *** Portions hereof have been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment in accordance with Rule 24b-2 of the
Securities Exchange Act of 1934, as amended.

 

2

 

	 	j.	 	This Amendment No. 2 and the Amended Agreement shall (a) contain the entire agreement and
understanding of the Parties with respect to the subject matter and (b) supersedes all prior
negotiations, discussions, correspondence, communications, understandings and agreements between
the Parties relating to the subject matter thereof, all of which are merged into this Amendment No.
2 and the Amended Agreement.

	 	k.	 	Except as otherwise provided herein, this Amendment No. 2 is effective as of the date
signed by both Parties.”

WHEREAS, the Parties have executed this Amendment No. 2 to the Amended Agreement on the 2nd day of July, 2007.

	 	 	 	 	 	 	 
	Horizon Lines, LLC	 	 	 	A.P. Moller as managing owner
	 

	 	 	 	 	 	for and on behalf of
	 

	 	 	 	 	 	A.P.Moller-Maersk A/S
	 

	 	 	 	 	 	trading as “Maersk Line”
	 
	 	 	 	 	 	 
	By:

	 	/s/ Robert S. Zuckerman
	 	By:
	 	/s/ J. Harling
	 

	 	 
	 	 	 	 
	Name:

	 	Robert S. Zuckerman
	 	Name:
	 	J. Harling
	 

	 	 
	 	 	 	 
	Title:

	 	Vice President
	 	Title:
	 	V.P.
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Peter Frederikson
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Peter Frederikson
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	Sr. V.P.
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 

 

3Transfer Agent and Registrar Agreement

    

       

      

       

      

      Exhibit
        10.1 Transfer Agent & Registrar Agreement

      

      AGREEMENT

       

      This
        agreement made and entered into the 26th day of February, 2007, by and between
        Action
        Stock Transfer Corporation hereinafter
        referred to as Action
        and
        Laural
        Resources, Inc.
        hereinafter referred to as the Company. 

       

      WHEREFORE:
        

       

      1.
        Action
        shall be
        and is hereby appointed Transfer Agent and Registrar for the securities of
        the
        Company. 

       

      2.
        An
        authorized officer of the Company shall file the following with Action
        before
Action
        commences to act as Transfer Agent: 

       

      A.
        A copy
        of the Articles of Incorporation of the Company and all amendments thereto,
        and
        a copy of the Certificate of Incorporation as issued by the State of
        Incorporation. 

       

      B.
        A copy
        of the by-laws of the Company incorporating all amendments thereto.

       

      C.
        Specimens of all forms of outstanding certificates for securities of the
        Company, in the forms approved by the Board of Directors. 

       

      D.
        A list
        of all outstanding securities together with a statement that future transfers
        may be made without restriction on all securities, except as to securities
        subject to a restriction noted on the face of said securities and in the
        corporate stock records. 

       

      E.
        A list
        of all shareholders deemed to be considered "insiders" or "control persons"
        as
        defined in the Securities Act of 1933 & 1934 and other acts of Congress and
        rules and regulations of the United States Securities and Exchange Commission
        when applicable. 

       

      F.
        The
        names and specimen signatures of all officers who are and have been authorized
        to sign certificates for securities on behalf of the Company and the names
        and
        addresses of any other Transfer Agents or Registrars of securities of the
        Company. 

       

      G.
        A copy
        of the resolution of the Board of Directors of the Company authorizing the
        execution of this Agreement and approving the terms and conditions herein.
        

       

      H.
        His
        certificate as to the authorized and outstanding securities of the Company,
        its
        address to which notices may be sent, the names and specimen signatures of
        the
        Company's officers who are authorized to sign instructions or requests to
        the
        Transfer Agent on behalf of this Company, and the name and address of legal
        counsel to this Company. 

       

      I.
        In the
        event of any future amendment or change in respect of any of the foregoing,
        prompt written notification of such change, together with copies of all relevant
        resolutions, instruments or other documents, specimen signatures, certificates,
        opinions or the like as the Transfer Agent may deem necessary or appropriate.
        

       

       

      
        
           

        

        
          -1-

          
            

          

        

        
           

        

      

       

      3.
        Action,
        as
        Transfer Agent, shall make original issues of securities upon the written
        request of the Company and upon being furnished with a copy of a resolution
        of
        the Board of Directors of the Company authorizing such issue certified by
        the
        Corporate Secretary. 

       

      4.
        The
        Company hereby authorizes Action
        to
        purchase from time to time, certificates as may be needed by it to perform
        regular transfer duties; not to exceed 2,000 without prior written approval
        of
        the Company, with such costs being paid in advance by the Company. Such
        certificates shall be signed manually or by facsimile signatures of officers
        of
        the Company authorized by law or the by-laws of the Company to sign certificates
        and if required, shall bear the corporate seal of the Company or a facsimile
        thereof. 

       

      5.
        Transfer of securities shall be made and effected by Action
        and
        shall be registered and new certificates issued upon surrender of the old
        certificates, in form deemed by Action
        properly
        endorsed for transfer, with all necessary endorser's signatures guaranteed
        in
        such manner and form as Action
        requires
        by a guarantor reasonably believed by Action
        to be
        responsible accompanied by such assurances as Action
        shall
        deem necessary or appropriate to evidence the genuineness and effectiveness
        of
        such necessary endorsement, and satisfactory evidence of compliance with
        all
        applicable laws relating to collection of taxes, if any. That all transfer
        of
        securities and issuance and certificates shall be at a fee chargeable by
        Action
        at its
        discretion. Such fee to be paid by such person, persons, firms or corporations
        requesting such transfer. 

       

      6.
        In
        registering transfers, Action
        may rely
        upon the Uniform Commercial Code or any other statute which in the opinion
        of
        Counsel protects Action
        and the
        Company in not requiring complete documentation in registering transfer without
        inquiry into adverse claims, in delaying registration for purposes of such
        inquiry, or in refusing registration wherein its judgment and adverse claims
        require such refusal. The Company agrees to hold Action
        harmless
        from any liability resulting from instructions issued by the Company.

       

      7.
        When
        mail is used for delivery of certificates, Action
        shall
        forward certificates in "non- negotiable" form by first class, registered
        or
        certified mail. 

       

      8.
        Action,
        as
        Transfer Agent, may issue new certificates in place of certificates represented
        to have been lost, destroyed, or stolen, upon receiving indemnity satisfactory
        to Action,
        and may
        issue new certificates in exchange for, and upon surrender of mutilated
        certificates. 

       

      9.
        In
        case of any request of demand for the inspection of the records of the Company
        held by Action,
        Action
        shall
        endeavor to notify the Company and to secure instructions as to permitting
        or
        refusing such inspection. However, Action
        may
        exhibit such records to any person in any case where it is advised by its
        counsel that it may be held liable for failure to do so. 

       

      10.
        In
        case any officer of the Company who shall have signed manually or whose
        facsimile signature shall have been affixed to blank certificates shall die,
        resign, or be removed prior to the issuance of such certificates, Action
        may
        issue and register such certificates as the certificates of the Company
        notwithstanding such death, resignation, or removal; and the Company shall
        file
        promptly with Action
        such
        approval, adoption, or ratification as may be required by law. 

       

      11.
        Action
        shall
        maintain customary records in connection with its agency, all of which shall
        be
        available for inspection by the Company at all reasonable times. 

       

      12.
        Action
        is
        authorized by the Company to use its own judgment in matters affecting its
        duties as Transfer Agent, and in its discretion may apply to and act upon
        instructions of its own counsel or of the counsel of the Company in respect
        to
        any questions arising in connection with such agency, all legal fees to be
        at
        the expense of the Company and Action
        is
        hereby relieved of any responsibility to the Company and is indemnified by
        the
        Company as to any responsibility to third persons, for action taken in
        accordance with advice of such counselor its own judgment, remaining liable
        only
        for its own willful default or misconduct. 

       

       

       

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

       

      13.
        Action
        shall be
        indemnified by the Company for any acts of Action
        based
        upon: 

       

      
        	 	
                A.
                  Any paper or document reasonably believed by it to be genuine and
                  to have
                  been signed by the proper person or persons; and
                  

              

      

       

      
        	 	
                B.
                  Its recognition of certificates which it reasonably believes to
                  bear the
                  proper manual or facsimile signatures of the officers of the Company
                  and
                  the proper counter-signature of the Transfer Agent.
                  

              

      

       

      14.
        Action
        shall
        not be held to have notice of any change of authority of any officer, employee
        or agent of the Company until receipt of written notification thereof from
        the
        Company. 

       

      15.
        So
        long as Action
        has
        acted in good faith and with due diligence and without negligence, the Company
        shall assume full responsibility and shall indemnify Action
        and save
        it harmless from and against all actions and suits, whether groundless or
        otherwise, and from and against any and all losses, damages, costs, charges,
        counsel fees, payments, expenses and liabilities arising directly or indirectly
        out of agency relationship to the Company. Action
        shall
        not be under any obligation to prosecute or to defend any action or suit
        in
        respect of such agency relationship which, in opinion of its counsel, may
        involve it in expense or liability, unless the Company shall, so often as
        reasonably requested, furnish Action
        with
        satisfactory indemnity against such expense or liability. Action
        shall be
        without liability to the Company, and is hereby indemnified from any liability
        to third persons, from Action's
        refusal
        to perform any act in connection with this agency, wherein reliance upon
        opinion
        of its counsel, Action
        in good
        faith believes that such act may subject it or its officers or employees
        to
        criminal liability or injunctive sanctions under any law of any state or
        of the
        United States, and in particular, under the Securities Act of 1933.

       

      16.
        The
        Company may remove Action
        as
        Transfer Agent at any time by giving a 30 day written notice in the form
        of a
        resolution from the Board of Directors calling for such removal (a copy of
        such
        resolution shall be furnished to Action)
        and
        upon the payment of any and all reasonable charges owing to Action.
        Action
        may resign as Transfer Agent at any time giving written notice of such
        resignation to the Company at its last known address, and thereupon its duties
        as Transfer Agent shall cease. 

       

      17.
        This
        agreement may not be assigned by Action
        without
        express written consent of the Company. 

       

      18.
        Action
        may,
        at
        its sole discretion, pay a finders fee to any person, persons or entity for
        referring the company to Action.
        Any
        finders fee agreement entered into by Action,
        which
        is directly related to this agreement between Action
        and
        the
        company, will be made available to the company for inspection upon written
        request. 

       

      19.
        Action
        may
        increase its transfer rates as it deems necessary, without notification to
        client. 

       

      20.
        The
        Company was chartered under the laws of the State of Nevada by Certificate
        of
        Incorporation filed in the office of the Secretary of State on the 13th day
        of
        February, 2007. 

       

       

      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

       

      21.
        The
        total number of shares of each class of the securities which the Company
        is now
        authorized to issue and the number thereof now issued and outstanding is:
                

             
A.
        Class: Common shares 

       

      B.
        Par
        Value: $0.001 

       

      C.
        Authorized: 300,000,000

       

      D.
        Issued
        and Outstanding: Nil

      

      22.
        The
        duly elected and qualified officers and directors of this Corporation, all
        owners of more than 10% of the Company’s outstanding stock (“principal
        shareholders") and all affiliates, as defined in SEC Rule 144(a)(1), are
        as
        follows: 

       

      

      
        	
                Title

              	
                Name
                  and Address

              	
                Signature

              
	 	 	
                (Required
                  only for officers
                  and directors)

              
	 	 	 
	
                Chief
                  Executive Officer and
                  President

              	
                Mandi
                  Luis

                #15
                  - 1019 North Shore Blvd. E., Burlington,
                  Ontario, Canada, L7T 1X8

              	
                MANDI
                  LUIS

              
	 	 	 
	
                Chief
                  Financial Officer and Secretary Treasurer

              	
                Robert
                  MacKay

                1
                  Largo Lane, Scarborough,
                  Ontario, Canada, M1J 1R2

              	
                ROBERT
                  MacKAY

              

      

       

      23.
        That
        the name, address, and phone number of Counsel to the Company is: 

       

      As
        of the
        date of this agreement the Company has not engaged the services of
        counsel. 

       

      24.
        That
        the address and phone number of the Company to which all communication are
        to be
        sent:

       

      #
        15 -
        1019 North Shore Blvd. E.,

      Burlington,
        Ontario, Canada, L7T 1X8

       

      25.
        That
        the names and addresses of all past and present Transfer Agents (other than
        Action)
        are:

       

      No
        previous transfer agent. 

       

      Agreed
        and entered into the day and year first written above. 

       

      

      
        	
                Company:     Laural
                  Resources, Inc.

              	
                Action
                  Stock Transfer Corporation

              
	 	 
	
                By:     MANDI
                  LUIS

              	
                By: JUSTEENE
                  BLANKENSHIP

              
	
                Mandi
                  Luis - President

              	
                President

              

      

       

      

      

      
        
           

        

        
          -4-

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