Document:

Promissory Note

 

EXHIBIT
10.19

 

			
	$1,200,000.00
	 	March 31, 2006

SUBORDINATED PROMISSORY NOTE

FOR VALUE RECEIVED, the undersigned (the “Borrower”) promises to pay to the order of RON FEE INC.,
a Florida corporation (the “Holder”) at 266 Gulfport Lane, Spring Hill, Florida 34608, or such
other place or places as the Holder may designate in writing, the sum set forth herein in lawful
money of the United States, together with interest in like lawful money, as set forth below:

     1. Asset Purchase Agreement. This Promissory Note (this “Note”) is being issued
pursuant to that certain Asset Purchase Agreement, dated as of March 31, 2006 (the “Agreement”),
between Holder and Middleton Pest Control, Inc. (“Buyer”), a subsidiary of the Borrower, and is
subject to the right of set-off, other adjustments and Holder provisions as expressly provided
therein. All terms appearing in initial capital letters and not otherwise defined herein shall
have the meanings ascribed to such terms in the Agreement.

     2. Principal Amount. The principal amount of the Note shall be a sum equal to
$1,200,000.00. This Note is unsecured and is not assignable by Holder.

     3. Principal Payments. The principal amount of this Note shall be paid to the Holder
in one installment which shall be due and payable in full along with all accrued and unpaid
interest on the third (3rd) anniversary date of this Note (the “Maturity Date”).

     4. Interest Rate and Interest Payments. The unpaid principal balance of this Note
shall bear interest at a fixed rate of six percent (6%) per annum simple interest. Interest shall
be computed on the basis of the actual number of days elapsed and a year of 365 days. Interest
shall be payable to the Holder semi-annually in arrears on September 30 and March 31 with the first
such payment commencing September 30, 2006.

     5. Prepayment. This Note is subject to prepayment at any time or from time to time at
the option of Borrower, either in whole or in part, without premium or penalty. Any partial
prepayment shall be applied first in payment of the interest accrued upon the principal balance
hereof at the time outstanding and then in reduction of the principal balance of the Note.

     6. Subordination. The payment and performance of the indebtedness evidenced by this
Note are hereby subordinated to the payment in full in cash of any indebtedness for borrowed money
of Borrower and its subsidiaries from Borrower’s primary institutional lenders (currently, Wachovia
Bank, National Association, as agent for the lenders), unless the instruments evidencing such
borrowing provide otherwise. Borrower agrees that for the indebtedness to be subordinated to any
new indebtedness incurred after the date hereof, the principal purpose of such new indebtedness
must be use in connection with the Borrower’s business.

 

 

     7. Default. At the option of the Holder, all sums advanced hereunder together with
accrued interest thereon shall become immediately due and payable, without notice or demand, upon
the occurrence of any one or more of the following events of default: (a) Borrower’s failure to
promptly pay in full any payment of principal or interest due under this Note within ten (10) days
after written notice has been delivered by the Holder stating that such payment is past due
(provided, however, that if the Holder gives two (2) such notices at any time during the term of
this Note, no notice or opportunity to cure shall be required with regard to any subsequent failure
under this Section 7(a) by the Borrower); or (b) the dissolution, termination of existence,
insolvency of, business failure, appointment of a receiver of any part of any proceedings under any
bankruptcy or insolvency laws, by or against Borrower.

     8. Modification or Waiver. The Note may not be amended, modified or changed, nor
shall any waiver of any provision hereof be affected, except by an instrument in writing which is
signed by the party against whom enforcement of any waiver, amendment, change, modification or
discharge is sought.

     9. Right of Offset. The Note is being delivered as partial consideration for those
assets of the Holder described in the Agreement. By acceptance of the Note, the Holder
acknowledges that, pursuant to the Agreement, Borrower and Buyer have (in addition to other
remedies) the right to cause Borrower to make offset against amounts due Holder under this Note to
satisfy certain indemnification and other obligations owed by Holder to Buyer pursuant to the
Agreement. In the event of any such offset, the amount of such offset shall first reduce any
accrued but unpaid interest due Holder under the Note and then shall reduce the principal balance
of the Note.

     10. Attorneys’ Fees. In any action to enforce this Note, the prevailing party shall
be entitled to recover the costs, charges and expenses incurred by the other including, but not
limited to, reasonable trial, appellate and bankruptcy attorneys’ fees.

     11. Governing Law. This Note shall be governed by, and construed and enforced in
accordance with, the laws of the State of Florida.

     12. Notices, Successors. Any notice required to be given to Borrower or to Holder, on
behalf of the Holder, shall be deemed effective only if in writing and delivered by personal
service or delivered to an overnight courier service, with guaranteed next day delivery or mailed
by registered or certified mail, return receipt requested, postage prepaid, to Borrower’s or, if to
the Holder, to the Holder’s address as it appears in this Note, or to such other address as
otherwise notified in writing by like notice. All of the terms of this Note shall inure to the
benefit of Holder and their respective successors and assigns and shall be binding upon Borrower
and its successors and assigns.

     13. Execution. This Note is signed, sealed and delivered as of the 31st
day of March, 2006.

2

 

     HOLDER AND BORROWER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT WHICH HE
OR IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION BASED HEREON, OR ARISING OUT OF,
UNDER OR IN CONNECTION WITH, THIS NOTE, OR THE FINANCING CONTEMPLATED HEREBY, OR ANY COURSE OF
CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN), OR THE ACTIONS OF ANY PARTY
HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE HOLDER’S EXTENDING THE LOAN EVIDENCED BY
THIS NOTE.

	 	 	 	 	 
	 	BORROWER:

SUNAIR SERVICES CORPORATION

 	 
	 	By:  	/s/ Synnott B. Durham
 	 
	 	 	Name:  	Synnott B. Durham 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	Borrower’s Address:

Sunair Services Corporation

c/o Sunair Southeast Pest Holdings, Inc.

3005 SW 3rd Ave

Fort Lauderdale, FL 33315-3312

Attention: Chief Executive Officer

 	 
	 	 	 
	 	 	 
	 	 	 
	 

3Ex-10.1 First Amendment to Incentive Plan

 

FIRST AMENDMENT

TO THE

CHICO’S FAS, INC.

2005 CASH BONUS INCENTIVE PLAN

     THIS FIRST AMENDMENT TO THE CHICO’S FAS, INC. 2005 CASH BONUS INCENTIVE PLAN is made and
entered into on the date set forth below by Chico’s FAS, Inc. (the “Company”).

WITNESSETH:

     WHEREAS, the Company has established the Chico’s FAS, Inc. Cash Bonus Plan (the “Plan”); and

     WHEREAS, pursuant to the terms of the Plan, the Compensation and Benefits Committee of the
Board of Directors of the Company (the “Committee”) is authorized to amend the Plan; and

     WHEREAS, on March 20, 2006, the Committee authorized the adoption of an amendment to the Plan
to extend the Plan such that the Plan continues to apply for the Company’s 2006 fiscal year.

     NOW, THEREFORE, effective March 20, 2006, Section 2(h) of the Plan is deleted in its entirety
and the following is substituted in lieu thereof:

     (h) “PERFORMANCE PERIOD” means, as applicable, (i) the Company’s 2005 fiscal
year or any portion thereof designated by the Committee or (ii) the Company’s 2006
fiscal year or any portion thereof designated by the Committee.

     IN WITNESS THEREOF, the Company has caused this First Amendment to be executed by its duly
authorized officer this 5th day of April, 2006, but effective for all purposes as of
January 29, 2006.

CHICO’S FAS, INC.

By: /s/ Michael J. Kincaid

Name: Michael J. Kincaid

Title: SVP-Finance, CAO & Ass’t Secretary<PAGE>

                                                                    EXHIBIT 10.1

        SECOND AMENDMENT TO AMENDED AND RESTATED DISTRIBUTION AGREEMENT

This Second Amendment ("Amendment") to Amended and Restated Distribution
Agreement is made this 2nd day of April, 2006 among Vitro, S.A. de C.V.
(formerly Vitro, S.A.), a sociedad anonima de capital variable organized under
the laws of the United Mexican States ("Vitro"); Crisa Texas Ltd DBA Crisa Ltd.,
a limited partnership organized under the laws of the state of Texas ("Crisa
Ltd."), as successor to Crisa Corporation, a corporation organized under the
laws of Texas; Vitrocrisa Comercial, S. de R.L.. de C.V., as successor to
Vitrocrisa, S. de R.L. de C.V. (formerly Vitrocrisa, S.A. de C.V.), a sociedad
de responsabilidad limitada de capital variable ("Vitrocrisa Comercial" and,
together with Vitro and Crisa Ltd., the "Vitro Parties"); Libbey Inc., a
corporation organized under the laws of the State of Delaware ("Libbey"); and
Libbey Glass Inc., a corporation organized under the laws of the State of
Delaware ("Libbey Glass" and, together with Libbey, the "Libbey Parties").

                             PRELIMINARY STATEMENTS

     A. Vitro, Crisa Ltd., Vitrocrisa Comercial, Libbey and Libbey Glass are
parties to a certain Amended and Restated Distribution Agreement dated to be
effective August 29, 1997, as amended pursuant to First Amendment to the Amended
and Restated Distribution Agreement dated May 1st, 2003 (as so amended, the
"Distribution Agreement") pursuant to which the Libbey Parties agreed to
distribute, in the United States and Canada, products manufactured by Vitrocrisa
Comercial. Capitalized terms used but not otherwise defined in this Amendment
shall have the respective meanings given them in the Distribution Agreement.

     B. In order to increase the competitiveness of the products sold by
Vitrocrisa Comercial into the United States, the parties hereto agree to amend
the Distribution Agreement to provide that profit sharing will not be
distributed by Libbey to Crisa Ltd. in accordance with and subject to the terms
hereof.

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:

     1. The Vitro Parties and the Libbey Parties agree that the Libbey Parties
shall not be obligated to pay Crisa Ltd. any profit sharing payments pursuant to
Section 5.3 and Schedule 3 of the Distribution Agreement ("Profit Sharing") with
respect to products of Vitrocrisa Comercial shipped and invoiced by the Libbey
Parties on or after February 1st, 2006, unless and until the aggregate amount of
Profit Sharing that the Libbey Parties would have been obligated to pay to Crisa
Ltd. but for this Section 1 exceeds US $3,000,000.00 (Three Million Dollars).

<PAGE>

     2. Notwithstanding anything in Section 1 above to the contrary, the Libbey
Parties shall pay to Crisa Ltd. all Profit Sharing payments that would have been
payable to Crisa Ltd. but for Section 1 above if the following conditions are
satisfied:

          (a)  the Purchase Agreement (as defined below) is terminated in
               accordance with its terms; and

          (b)  prior to the termination of the Purchase Agreement, the
               stockholders of Vitro have, in accordance with the General Law of
               Commercial Companies (Ley General de Sociedades Mercantiles) and
               Vitro's Organizational Documents (as defined in the Purchase
               Agreement), authorized Vitro to enter into the Purchase Agreement
               and to consummate the transactions contemplated by it, including
               by granting the necessary powers of attorney to effectuate the
               foregoing.

For purposes of this Amendment, the term "Purchase Agreement" means the Purchase
Agreement dated as of April 2, 2006 among Vitro, Crisa Corporation, Crisa Libbey
S.A. de C.V., Vitrocrisa Holding, S. de R.L. de C.V., Vitrocrisa, S. de R.L. de
C.V., Vitrocrisa Comercial, S. de R.L. de C.V., Crisa Industrial, L.L.C., Libbey
Mexico, S. de R.L. de C.V., Libbey Europe, B.V. and LGA3 Corporation.

     3. If, pursuant to Section 2 above, the Libbey Parties are obligated to pay
to Crisa Ltd. the Profit Sharing payments that would have been payable but for
Section 1 above, then the Libbey Parties shall pay those amounts, by wire
transfer to Crisa Ltd., as soon as possible, but in any event within fifteen
(15) days, after termination of the Purchase Agreement.

     4. Except as specifically set forth in this Amendment, the Distribution
Agreement shall continue in full force and effect unmodified.

     5. This Amendment may be executed in any number of counterparts and by the
different parties on different counterpart signature pages, all of which taken
together shall constitute one and the same agreement. Any of the parties to this
Amendment may execute this Amendment by signing any such counterpart, and each
of such counterparts shall for all purposes be deemed to be an original. This
Amendment shall be governed by the internal laws of the State of Texas. Any
demand, action, claim, suit, countersuit, arbitration, inquiry, subpoena,
discovery request, proceeding or investigation by or before any court or grand
jury, any Governmental Authority or any arbitration or mediation tribunal
arising out of or relating to this Amendment (each, an "Action") shall be heard
and determined exclusively in any New York state or federal court located in New
York County, New York. Consistent with the preceding sentence, the parties
hereby to the extent justiciable in the courts of New York (a) submit to the
exclusive jurisdiction of any federal or state court sitting in New York, New
York for the purpose of any Action brought by any party and (b) irrevocably
waive, and agree not to assert by

<PAGE>

way of motion, defense, or otherwise, in any such Action, any claim that it is
not subject personally to the jurisdiction of the above-named courts, that its
property is exempt or immune from attachment or execution, that the Action is
brought in an inconvenient forum, that the venue of the Action is improper, that
any other forum would be more convenient or less burdensome, or that this
Amendment may not be enforced in or by any of the above-named courts

                           [SIGNATURE PAGE TO FOLLOW]

<PAGE>

     This Second Amendment to Distribution Agreement is entered into as of the
date and year first above written.

                                        Vitro, S.A. de C.V.

                                        By
                                           -------------------------------------
                                        Name
                                             -----------------------------------
                                        Title
                                              ----------------------------------

                                        Vitrocrisa Comercial S. de R.L. de C.V.

                                        By
                                           -------------------------------------
                                        Name
                                             -----------------------------------
                                        Title
                                              ----------------------------------

                                        Crisa Texa Ltd

                                        By
                                           -------------------------------------
                                        Name
                                             -----------------------------------
                                        Title
                                              ----------------------------------

                                        Libbey Inc.

                                        By
                                           -------------------------------------
                                        Name
                                             -----------------------------------
                                        Title
                                              ----------------------------------

                                        Libbey Glass, Inc.

                                        By
                                           -------------------------------------
                                        Name
                                             -----------------------------------
                                        Title
                                              ----------------------------------

              [Singnature page to Second Amendment to Amended and
                        Restated Distribution Agreement]

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