Document:

Exhibit 10.1

 

Exhibit 10.1

 

CLR SILES MILL CONSTRUCTION
AGREEMENT

 

This CLR
SILES MILL
CONSTRUCTION AGREEMENT (hereinafter referred to as
the “CLR SILES Mill
Agreement”) is entered into this 15th day of January
2019, by and between CLR Roasters, LLC, a Florida Limited Liability
Company with an address of 2131 NW. 72nd Avenue, Miami,
Florida 33122, which is a wholly owned subsidiary of Youngevity
International, Inc., (YGYI) a Delaware corporation, (hereinafter
referred to as “CLR”), also referred to as the
“American Partner” and Hernandez Hernandez Export &
Compañia Limitada, a business entity created under the laws of
Nicaragua (hereinafter referred to as “H&H”),
H &
H Coffee Group Export, Corp., a Florida corporation with an address
of 970 West 23 Street, Hialeah, Florida 33015, (hereinafter
referred to as “H&H Export”), Alain Piedra
Hernandez, (hereinafter referred to as “Hernandez”) a
United States citizen living in Nicaragua and Marisol Del Carmen
Siles Orozco, (hereinafter referred to as “Orozco”) a
national of Nicaragua and citizen of the United States,
collectively or singularly referred to as the “Nicaraguan
Partner”. CLR, H&H, H&H Export, Hernandez, and Orozco
are sometimes referred to herein collectively as the "Parties".
Either may be referred to in the singular as Party or collectively
as Parties.

 

WHEREAS, each of H&H, H&H
Export, Hernandez and Orozco have independently and collectively
developed, owned and will continue to own close personal and
ongoing business relationships, trade secrets and knowledge in
connection with the coffee growing, harvesting and processing
business in Nicaragua through the personal ability, personality,
reputation, skill and integrity of each; and

 

WHEREAS, CLR is in the business of
buying green coffee, roasting and blending coffee for sale under
its own label and the label(s) of its buyers; and

 

WHEREAS, CLR, H&H, H&H Export,
Hernandez and Orozco are desirous of jointly owning and operating a
mill for the processing of coffee in Nicaragua which shall be known as the CLR SILES Mill
(hereinafter referred to as the “CLR SILES
Mill”); and

 

WHEREAS, the parties to this
CLR SILES Mill Agreement
acknowledge and certify that they have the authority to act for
their respective entities and/or personally, and that each possess
the authority to bind said Party(ies) to the terms of this
CLR SILES Mill Agreement and by
executing this CLR SILES Mill
Agreement do bind said respective Party(ies) to said
terms.

 

NOW THEREFORE, in consideration of the
mutual covenants and promises contained herein and for other good
and valuable consideration the Parties agree as
follows:

 

1. 

PLEDGE/TRANSFER
OF REAL
PROPERTY

 

 

1.1.
  The Nicaraguan Partner owns a 45-acre tract of land in
Matagalpa, Nicaragua(hereinafter
referred to as the “Property”) more particularly
described as follows:

 

1.2.
H&H, H&H Export, Hernandez and Orozco, each either in its
corporate capacity or personally, hereby represent and certify that
the Property is owned free and clear of any encumbrances, liens,
mortgages, pledges, rights of way, easements, or any other
instrument and/or conveyance that may create an interest in the
Property by a third party and shall provide a legal Letter of
Opinion in favor of CLR indicating same and defending and holding
CLR harmless.

 

 

 

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1.3.
H&H, H&H Export, Hernandez and Orozco, each either in its
corporate capacity or personally, hereby represent and certify that
the Property is ideal for the construction of a mill and processing
plant.

 

1.4.
CLR shall, as consideration for its percentage ownership of the
Property, as described in Paragraph 1.5. hereinafter, transfer to
the Nicaraguan Partner the amount of 153,846 shares of YGYI
stcock.

 

1.5.
Upon the execution of this CLR SILES Mill Agreement, the Nicaraguan
Partner shall immediately transfer the Property into a business
entity which shall be owned equally (50%-50%) by the Parties. The
Nicaraguan Partner shall execute any and all documents necessary in
order to effectuate and record the change in ownership of the
Property.

 

2. 

CONSTRUCTION OF MILL

 

 

2.1.
H&H, H&H Export, Hernandez and Orozco, each in either its
corporate capacity or personally, hereby represent and certify that
all plans and permitting for the construction of a mill and
processing plant on the Property have been approved by any and all
governmental agencies necessary and that said plans and approvals
are still in full force and effect.

 

2.2.
H&H, H&H Export, Hernandez and Orozco, each in either its
corporate capacity or personally hereby represent and certify that
partial infrastructure improvements for the mill have commenced on
the Property and that they are all in compliance with, including
but not limited to any and all applicable rules, regulations,
ordinances, and/or requirements set forth by any and all
governmental or other agencies having jurisdiction over the
Property.

 

2.3.
The Nicaraguan Partner shall contribute the amount of $4,700,000.00
(hereinafter the “Contribution Amount”) towards the
construction of the mill.

 

2.4.
The American Partner shall contribute
the amount of $4,700,000.00 (hereinafter the “Contribution
Amount”) towards the construction of the
mill.

 

2.5.
In the event either, or both of the
Parties shall not be able to procure, either partially or wholly,
its Contribution Amount as provided for hereinabove, that Party
shall notify the other Party immediately. Thereafter, within thirty
(30) days of said notice the Parties shall have a meeting in order
to agree on an alternate way to procure the balance of the
Contribution Amount and shall reduce same into writing as an
amendment to this CLR SILES Mill Agreement

 

2.6.
The Parties agree that as of the date this CLR SILES Mill Agreement
has been executed, each has contributed $900,000.00 of its
perspective Contribution Amount towards the construction of the
Mill. Furthermore, the Parties agree that the remaining balance
will be allocated by each Party according to the following
schedule, unless modified pursuant to the terms of paragraph 2.5.
hereinabove:

 

01/15/2019                                          

$650,000.00

02/15/2019                                          

$650,000.00

03/15/2019                                          

$500,000.00

04/15/2019                                          

$500,000.00

05/15/2019                                          

$500,000.00

06/15/2019                                          

$500,000.00

07/15/2019                                          

$500,000.00

                                    

 

              

 

 

 

 

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2.7.
Should either Party decide that it wants to sell the Property and
improvements prior to the loans being paid in full, it shall
present to the other a bona fide offer of purchase and said Party
may, in its sole discretion, decide to sell its percentage of the
Property or to buy the other Parties percentage interest in the
Property on similar terms.

 

3. 

FINANCING AND BUDGETING

 

3.1.
The Parties hereby acknowledge and agree that they shall have an
Operating Budget, which will include, but not be limited to
forecasts of expected expenses for construction of the mill, actual
and expected capital contributions and/or capital expenditures, by
31 December 2018. The initial Operating Budget will be at least
through the end of calendar year 2019. Thereafter, the Parties
shall have an Operating Budget in place by 1 January for that
calendar year.

 

3.2.
The Parties agree that the American Partner shall have the sole and
exclusive right to use the Property as collateral or any other
purpose it sees fit in its sole discretion. The Nicaraguan Partner shall execute any and all
documents necessary for the American Partner to obtain financing
using the Property as collateral, which shall include but not be
limited to notes, mortgages, pledges or any other document so
required by a lender(s) in order to effectuate the loan(s) and
cause a lien to be placed on the Property.

 

3.3.
Once the Milling Operations commence, the Parties will divide any
profits therefrom in the following percentage: Nicaraguan
Partner—25% and American Partner—75%, pursuant to the Operating and Profit Sharing
Agreement and the First Amendment to the Operating and Profit
Sharing Agreement.

 

4. 

CONFIDENTIALITY

 

4.1.
 The Parties recognize that any information that the other has
obtained through the negotiation of this
CLR SILES Mill Agreement as
well as any information that the one Party had in its possession
prior to said negotiations as to the assets, operations, finances,
business, the Property or any other matter shall be considered as
confidential and shall hereinafter be referred to as the
“Confidential Information”.

 

4.2.
 The Parties understand and agree that each agree to hold and
maintain all confidential
information exchanged between them, whether oral or written, in
confidence and not disclose it to others, unless permitted in
writing by the disclosing party or except as permitted hereinbelow.
Confidential Information (as defined below) shall not include
information that at the time of disclosure is in the public domain
or becomes a part of the public domain through no fault of the
receiving party or information received from a third party without
a breach of such third party’s obligation of confidentiality.
The restriction shall not apply to information requested by a
governmental agency or legally required to be
disclosed.

 

4.3.
 Each of the parties shall, and shall cause its
representatives to, hold all of the Confidential
Information in strict confidence, and unless expressly set forth
herein will not disclose or reveal such Confidential Information to
any third person(s) other than its advisors, employees and
representatives who need to receive such Confidential Information
for the sole purpose of actively and directly participating in the
evaluation of the Acquisition.

 

 

-3-

 

   

4.4.
 Each of the parties shall, and shall cause its advisors,
employees and representativesto: (i) to sign an
agreement with similar provisions to this Section 3 or agree to use
the Confidential Information only in connection with the evaluation
of the Acquisition; (ii) disclose the Confidential Information only
to their advisors, employees and representatives who need to know
the Confidential Information to accomplish the potential
Acquisition and inform such advisors, employees and representatives
of, and cause those advisors, employees and representatives to
observe, the terms hereof; and (iii) safeguard the Confidential
Information with the same degree of care to avoid unauthorized
disclosure as each party uses to protect its own Confidential
Information of a similar nature; but in no case less than
reasonable care. In the event that either party determines that it
does not wish to proceed with the potential Acquisition, the
parties shall promptly advise the other party of that determination
in a written notice of termination. In that case and in the event
that either party so requests at any time, each party shall return
to the other party all of the Confidential Information, including
all analyses and all copies thereof, in its possession or in the
possession of any of its representatives; provided, that each party
may destroy and certify to the other party the destruction of all
copies of any analyses which contain Confidential Information and
provided, that each party may retain one archival copy of the
Confidential Information to be used solely for evidentiary
purposes.

 

4.5.
 The provisions of this Section 4 shall survive termination of
this Agreement for one (1)
year.

 

5. 

GENERAL

 
 

5.1.
ASSIGNMENT: BINDING EFFECT. This Agreement and the rights of CLR
hereunder may be assigned by CLR. This Agreement and the rights of
THE Nicaraguan Partner may not be assigned. This Agreement shall be
binding upon and shall inure to the benefit of the Parties hereto,
their respective successors, assigns (in the case of CLR only),
heirs, beneficiaries and legal representatives.

 

5.2.
EXECUTION. This Agreement may be executed simultaneously in two or
more counterparts, each of which shall be deemed an original and
all of which together shall constitute but one and the same
instrument. Execution and delivery of this Agreement by delivery of
a facsimile copy bearing the facsimile signature of a party shall
constitute a valid and binding execution and delivery of this
Agreement by such party. Such facsimile copies shall constitute
enforceable original documents.

 

5.3.
BROKERS. Each party represents and warrants that it employed no
broker or agent in connection with this transaction and agrees to
indemnify the other against all loss, cost, damage or expense
arising out of claims for fees or commissions of brokers or agents
employed or alleged to have been employed by such indemnifying
party.

 

 

 

-4-

 

 

 
 

5.4.
NOTICES. Any notice or communication required or permitted
hereunder shall be sufficiently given if sent by first class mail,
postage prepaid:

 

             (a)
If to CLR, addressed to it at:

 

 

 Telephone
No.

 

 

 

             (b)
If to: Nicaraguan Partner addressed to each of them
at:

 

                   HERNANDEZ,
HERNANDEZ EXPORT Y COMPAPAÑIA LIMITADA

 

 

 

 Telephone
No.

 
 

5.5.
APPLICABLE LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE INTERNAL LAWS OF THE STATE OF FLORIDA WITHOUT REGARD TO
SUCH STATE'S CONFLICTS OF LAWS OR CHOICE OF LAW RULES. H&H,
H&H EXPORT, HERNANDEZ AND OROZCO HEREBY WAIVE WITH FULL
KNOWLEDGE THAT IT IS DOING SO, THE RIGHT TO HAVE ANY MATTER
LITIGATED IN OR HAVE THE LAW OF NICARAGUA APPLIED IN ANY WAY TO THE
ENFORCEMENT OF THE AGREEMENT OR ANY PROVISION THEREOF. THE PARTIES
FURTHER AGREE THAT SHOULD THE NEED ARISE TO EXECUTE FURTHER
DOCUMENTS EITHER IN THE SATE OF FLORIDA OR IN NICARAGUA TO GIVE
FULL FORCE AND EFFECT TO THIS PARAGRAPH OR ANY OTHER PROVISION(S)
OF THIS AGREEMENT UNDER THE LAWS OF THE STATE OF FLORIDA THAT THEY
WILL DO SO IMMEDIATELY AND WITHOUT DELAY. VENUE SHALL BE PROPER IN
MIAMI-DADE COUNTY, FLORIDA.

 

5.6.
FORCE MAJURE. Neither Party hereto, shall be responsible for any
losses or damages to the other occasioned by delays in the
performance or non-performance of any of said Parties obligations
when caused by acts of God, strike, acts of war, or other such acts
which are beyond the reasonable control of said Party.

 

5.7.
ATTORNEY’S FEES. In any action
between the Parties to enforce any of the terms of this Agreement
or any other matter arising from this Agreement, the prevailing
Party shall be entitled to recover its costs and expenses,
including reasonable attorneys' fees up to and including all
negotiations, trials and appeals, whether or not litigation is
initiated.

 

 

 

 

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5.8.
CONSTRUCTION. The terms of this Agreement shall not be more
strictly construed against one Party by virtue of having drafted
the Agreement as both Parties have reviewed same and have had an
opportunity to make changes thereto.

 

5.9.
SEVERABILITY. If any provision of this Agreement shall be held to
be invalid or unenforceable its entirety in part or in its entirety
for any reason, then the remaining provisions shall continue to be
valid and enforceable. If a court finds that any provision of this
Agreement is partially invalid or unenforceable, but that by
limiting or performing such provision it would become valid and
enforceable, then such provision shall be deemed to be rewritten,
construed and enforced as so limited or reformed.

 

5.10.
CAPTIONS. The captions in this Agreement are for convenience only
and shall not be considered a part hereof or affect the
construction or interpretation of any provisions of this
Agreement.

 

5.11.
NUMBER AND GENDER. All pronouns and any variations thereof shall be
deemed to refer to the masculine, feminine, neuter, singular or
plural, as the identity of the Party or Parties, or their personal
representatives, successors and assigns may require.

 

5.12.
ENTIRE AGREEMENT. This Agreement (including the schedules and
annexes hereto) and the documents delivered pursuant hereto or in
connection herewith constitute the entire agreement and
understanding between the Parties and supersedes any prior
agreement and understanding, written or oral, relating to the
subject matter of this Agreement. H&H, H&H Export,
Hernandez and Orozco each acknowledge that they have (a) had the
opportunity to seek the advice of independent counsel, including
independent tax counsel, regarding the consequences of this
Agreement; and (b) received no representations from CLR or its
counsel regarding the legal consequences of this Agreement. This
Agreement may be modified or amended only by a written instrument
executed by the Parties.

 

 

-6-

 

 

 

 

IN WITNESS WHEREOF, the parties have
entered into this Agreement as of the day and year first above
written.

 

 

HERNANDEZ,
HERNANDEZ EXPORT Y COMPAPAÑIA LIMITADA

 

 

/s/ Alain Piedra
Hernandez

 

Alain Piedra
Hernandez

Print
Name

 

 

H &
H COFFEE GROUP EXPORT, CORP.

 

/s/ Alain Piedra
Hernandez

 

Alain Piedra Hernandez
                  

Print
Name

 

 

ALAIN
PIEDRA HERNANDEZ

 

 

/s/ Alain Piedra
Hernandez

 

 

 

MARISOL
DEL CARMEN SILES OROZCO

 

 

 

 

CLR
ROASTERS, LLC

 

/s/ David S.
Briskie                                    

Company
Representative’s Signature

 

David S. Briskie, Managing
Director          

Company
Representative’s Printed Name

 

 

 

 

-7-Exhibit

Exhibit 10.78
FIRST AMENDMENT 
TO 
THE IHS MARKIT DEFERRED COMPENSATION PLAN 
(As Amended and Restated Effective January 1, 2017)
1.    Company. IHS Inc.
2.    Amendment of Plan. Section 10.3 of the IHS Markit Deferred Compensation Plan (the “Plan”) permits the Plan to be amended by the Company.
3.    Purpose of Amendment. The purpose of this amendment is to terminate the Plan effective November 15, 2017 as permitted under Treasury Regulation Section 1.409A-3(j)(4)(ix)(C) and in accordance with the requirements thereof.
4.    Effective Date of Amendment. This amendment shall be effective as set forth below.
5.    Supersession of Inconsistent Provisions. This amendment shall supersede the provisions of the Plan, including prior amendments, to the extent any provision is inconsistent with the provisions of this amendment.
AMENDMENT
A.    Effective November 15, 2017, the Adoption Agreement shall be amended by the addition of a new section 4.0l(e), which shall provide in its entirety as follows:
“The Plan shall be terminated as of November 15, 2017. No new deferral elections may be made to the Plan after that date. In addition, the entire Account of each Participant shall be distributed to him in a lump sum in November of 2018; provided, however, that benefits that would be payable under the Plan prior to such date if no action had been taken to terminate the Plan shall be paid in accordance with the original schedule. In all events, all payments shall be made only in a manner that complies with the requirements of Code Section 409A and section 6 hereof.”
B.    Effective November 15, 2017, Section 6 of the Adoption Agreement shall be amended by the addition of a new section 6.01(i) at the end thereof which shall provide in its entirety as follows: 
“Distribution in Connection with Plan Termination. Notwithstanding anything in the Plan to the contrary, no payments in liquidation of the Plan shall be made within 12 months of the date that the Company takes all necessary action to irrevocably terminate and liquidate the Plan other than payments that would be payable under the terms of the Plan if the action to terminate and liquidate the plan had not occurred. In addition, all payments shall be made within 24 months of the date the Company takes all necessary action to irrevocably terminate and liquidate the Plan.”
IN WITNESS WHEREOF, the Company has executed this amendment to the Plan on the date set forth below to be effective as set forth above.
	
		
	IHS Inc.

	By:
	/s/ Sari Granat

	 
	 

	Date:
	13 November 2017

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