Document:

Promissory note from Segmentz

 Exhibit 10.3 
  
 PROMISSORY NOTE 
  

			
	$6,000,000	  	Effective Date: August 1, 2004

  
 1. Amount;
Obligation to Pay; Interest Rate. FOR VALUE RECEIVED, as hereinafter set forth and at the times hereinafter stated, Segmentz, Inc. (the “Maker”) promises to pay to Mike Welch, John Welch, Jim Welch, Keith Avery and Ralf Mojsiejenko
(the “Payees”), in funds constituting legal tender of the United States of America, the principal sum of SIX MILLION DOLLARS ($6,000,000), with interest as set forth in Paragraph 2 hereof. 
  
 2. Interest Rate. Interest shall accrue on the unpaid principal
balance of this Note from September 2, 2004, until all amounts under this Note are paid in full, at the rate of three percent (3%) per year, calculated on a 365/366 day year, as applicable. 
  
 3. Terms. This Note shall be paid in one lump sum on or before
September 7, 2004 
  
 4. Manner and Place of Payment;
Holidays. All payments on this Note shall be made in coin or currency which, at the time or times of payment, constitute legal tender for public or private debts in the United States of America. All payments on this Note shall be made by
wire transfer to the Payees as set forth on the attached Exhibit A. If the prescribed date of payment of any of the principal or interest hereon is a Saturday, Sunday or legal holiday, such payment shall be due on the next succeeding business day.

  
 5. Events of Default and Acceleration. Time is
of the essence of this Note. The occurrence of any of the following events shall constitute an “Event of Default” hereunder: (i) Maker’s failure to pay timely any amount due hereunder; (ii) bankruptcy, reorganization, insolvency or
liquidation proceedings or other proceedings for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against Maker and, if instituted against Maker, Maker shall by any action or answer approve of, consent
to or acquiesce in any such proceedings or admit the material allegations of, or default in answering a petition filed in any such proceeding or such proceedings shall not be dismissed within ninety (90) calendar days thereafter; or (iii) any breach
by Maker of any of the terms of this Note. If any such Event of Default occurs, Payees may, then or at any time thereafter, with notice, and at their option, accelerate maturity and cause the entire unpaid balance of this Note to become immediately
due and payable. If Payees waive Payees’ right to accelerate maturity as a result of an Event of Default hereunder, either one or more time or repeatedly, nevertheless Payees shall not be deemed to have waived the right to require strict
compliance with the terms of this Note thereafter. 
  
 6.
Application of Payments. All sums paid hereon shall be applied first to the payment of accrued interest due on the unpaid principal balance and the remainder to the reduction of unpaid principal. 

 7. Parties in Interest. This Note may not be assigned by Payees without the prior written
consent of Maker, and may not be assigned by Maker without the prior written consent of Payees. This Note will be binding in all respects upon Maker and inure to the benefit of Payees and its permitted successors and assigns. 
  
 8. Definitions. The terms “Maker” and
“Payees” and other nouns and pronouns include the singular and/or the plural, as appropriate. The terms “Maker” and “Payees” also include their respective heirs, personal representatives, permitted successors and
assigns. The term “Payees” includes subsequent permitted holders of this Note. 
  
 9. Choice of Law; Venue. All questions concerning the construction, validity, enforcement and interpretation of this Note shall be governed by and construed and enforced in accordance with the internal
laws of the State of Florida, without regard to the principles of conflicts of law thereof. Each party agrees that all proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Note (whether brought
against a party hereto or its respective affiliates, directors, officers, shareholders, employees or agents) shall be commenced exclusively in the state and federal courts sitting in Broward County, Florida. Each party hereto hereby irrevocably
submits to the exclusive jurisdiction of the state and federal courts sitting in Broward County, Florida for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and
hereby irrevocably waives, and agrees not to assert in any proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such proceeding is improper. The parties hereto hereby irrevocably waive, to the fullest
extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Note or the transactions contemplated hereby. 
  
 10. Notice. All notices and other communications required or permitted hereunder shall be in writing and shall
be deemed to have been duly given one (1) business day after delivery to an overnight carrier, or, if sent by facsimile, upon receipt of a confirmation of delivery: 
  

			
	If to Maker:	  	 Segmentz, Inc.

	 	  	 18302 Highwoods Preserve Parkway, Suite 100

	 	  	 Tampa, Florida 33647

	 	  	 Attn: Allan Marshall, Chief Executive Officer

		
	Copy to:	  	 Adorno & Yoss, P.A.

	 	  	 350 East Las Olas Boulevard, Suite 1700

	 	  	 Fort Lauderdale, Florida 33301

	 	  	 Attn: Clint J. Gage, Esq.

		
	If to Payees:	  	 Passaro & Kahne Law Office, PLLC

	 	  	 2900 S. State Street, Suite 3 East

	 	  	 St. Joseph, MI 49085

	 	  	 Attn: William Westerbeke

  

 2 

 THIS NOTE REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 
  
 THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
  
 IN WITNESS WHEREOF, Maker has executed this Note effective as of the date first set forth above. 
  

			
	MAKER:
	
	Segmentz, Inc.
		
	By:	 	 /s/ Allan Marshall

	Name:	 	Allan Marshall
	Its:	 	Chief Executive Officer

  

 3 

 Exhibit A 
  

Payment Instructions 
  
 Excluded from Filing. 
  

 4Letter Agreement

 Exhibit 10.1 
  
 October 15, 2004 
  
 Joseph Cross 
 President & CEO 
 Nanophase Technologies Corporation 
 1319 Marquette Drive 
 Romeoville, IL 60446 
  

			
	Re:	  	 Nanophase Technologies Corporation/Rohm and Haas Electronic
 Materials CMP Inc. Cooperation Agreement, as Amended

  
 Dear Joe, 
  
 This will confirm our agreement with regard to exclusivity under our June 24, 2002
Cooperation Agreement (the “Agreement”) as follows: 
  

	 	1.	In 2005, exclusivity will be conditioned on RHEM’s purchase from Nanophase of at least [ * * * ] kilograms of Particles for applications in the Field at $[ * * * ] per kilogram
of dry weight, purchased as follows: [ * * * ]; 

  

	 	2.	In 2006, exclusivity will be conditioned on RHEM’s purchase of at least [ * * * ] kilograms of Particles for such year on a schedule to be mutually agreed upon by October 15,
2005; and 

  

	 	3.	If we meet the conditions above, we will remain mutually exclusive – i.e., Sections 2 and 3 will continue to remain in force and effect through 2006, without further
action or discussion. If RHEM does not meet any of these conditions, either party may initiate Adjustment Discussions under Section 12 of the Agreement from the date the relevant condition was not met. 

  
 This will be deemed to be Amendment No. 2 to the Agreement and supercedes and replaces all
contrary or inconsistent provisions related to exclusivity amounts and conditions during 2005 and 2006 contained in the Agreement and Amendment No.1 thereto. All other provisions of the Agreement, as amended by Amendment No. 1, remain in full force
and effect. 
  
 * * * CONFIDENTIAL TREATMENT REQUESTED – this confidential
portion has been omitted from this document and filed separately with the Commission. 

 Mr. Joseph Cross 
 October
15, 2004 
 Page 2 
  
 Thanks for your cooperation and I look forward to our mutual success in the years ahead. 
  
 Yours truly, 
  

	
	 /s/ Nicholas A. Gutwein

	 Nicholas A. Gutwein

	 President and CEO

	 for Rohm and Haas Electronic Materials CMP Inc.

  
 Acknowledged and agreed 
 as of the date first listed above: 
  
 Nanophase Technologies Corporation 
  

			
	By:	 	 /s/ Joseph Cross

	 	 	Joseph Cross, President & CEOSpecimen Stock Certificate of Ocean Shore Holding Co.

 Exhibit 4.1 
  

			
	 COMMON STOCK
 CERTIFICATE NO.
	  	COMMON STOCK
		
	 	  	SHARES                  

  
 OCEAN SHORE HOLDING
CO. 
 ORGANIZED UNDER THE LAWS OF THE UNITED STATES 
  

					
	 THIS CERTIFIES THAT
	  	SPECIMEN	  	 
			
	 is the owner of:
	  	 	  	 

  
 FULLY PAID AND
NONASSESSABLE SHARES OF COMMON STOCK $0.01 PAR VALUE 
 PER SHARE OF OCEAN SHORE HOLDING CO. 
 a subsidiary stock holding company organized under the laws of the United States. 
  
  The shares represented by this certificate are transferable only on the stock transfer books of Ocean Shore Holding Co.
(the “Company”) by the holder of record hereof, or by his duly authorized attorney or legal representative, upon the surrender of this certificate properly endorsed. This certificate and the shares represented hereby are issued and shall
be held subject to all the provisions of the Charter of the Company and any amendments thereto (copies of which are on file with the Corporate Secretary of the Company), to all of which provisions the holder by acceptance hereof, assents.

   
  The shares are not a deposit account and are not
federally insured or guaranteed by the Federal Deposit Insurance Corporation. 
   
 IN WITNESS WHEREOF, OCEAN SHORE HOLDING CO. has caused this certificate to be executed by the signatures of its duly authorized officers and has caused its corporate seal to be hereunto affixed. 
  

					
	 Dated:
	  	[SEAL]	  	 

  

			
	President and Chief Executive Officer	  	Corporate Secretary

  

 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 or regulations: 
  

			
	 TEN COM - as tenants in common
	  	 UNIF GIFTS MIN ACT - __________ custodian __________

	 	  	                                        
                 (Cust)                      
  (Minor)

		
	 TEN ENT - as tenants by the entireties
	  	                                        
     under Uniform Gifts to Minors Act

	 	  	                                        
                         __________________

	 	  	                                        
                                     (State)

	
	JT TEN - as joint tenants with right of survivorship and not as tenants in common

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

			
	
	 For value received _________ hereby sell, assign and transfer unto

	
	 PLEASE INSERT SOCIAL SECURITY OR OTHER
 IDENTIFICATION NUMBER OF ASSIGNEE

	
	                                      
                                        
                                        
                                        
                                        
                                        
                   
	Please print or typewrite name and address including postal zip code of assignee.

                                       
                           shares of the common stock represented by this certificate and do hereby irrevocably
constitute and appoint
                                        
                                        
                                        ,
attorney, to transfer the said stock on the books of the within-named bank with full power of substitution in the premises. 

					
			
	DATED _______	  	 	 	  

	 	  	 	 	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular without alteration or enlargement or any change
whatever.

  

			
	SIGNATURE GUARANTEED:	  	 _____________________________________________

	 	  	 THE SIGNATURE(S) SHOULD BE
 GUARANTEED BY AN
ELIGIBLE GUARANTOR
 INSTITUTION, (BANKS, STOCKBROKERS,
 SAVINGS AND LOAN ASSOCIATIONS AND
 CREDIT UNIONS WITH MEMBERSHIP IN AN
 APPROVED SIGNATURE GUARANTEE
 MEDALLION PROGRAM), PURSUANT TO
 S.E.C. RULE 17Ad-15

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