Document:

Exhibit 4.2 Form of Promissory Note

   
 Exhibit 4.2
 PROMISSORY NOTE
 

 

 $_________.00
 Date:  ____________ ___, 2012 
 

 FOR VALUE RECEIVED, the undersigned, hereinafter referred to as "Payor", unconditionally promises to pay to the order of ______________________, hereinafter referred to as "Payee or Holder" the principal sum of $___________.00 with _____________ interest thereon to maturity on ________________, ______.  Payment of principal and any other sum due hereunder shall be made in lawful money of the United States of America.
 Upon default by Payor in the payment of the principal amount of or any other sum due in accordance with the terms of this note, the Payee, at its option, may proceed against the Payor.  In the event of such default, the Payor agrees to pay all cost and expenses of collection, including reasonable attorney's fees and interest from the date of such default, on the principal amount unpaid, at the maximum rate permitted by law.
 Presentment and demand for payment, notice or dishonor, protest and notice of protest, are hereby waived by the Payor.  This note (i) may not be changed, waived, discharged or terminated except by an instrument in writing signed by the party against which enforcement of such change, waiver, dischargement or termination is sought and (ii) shall be binding upon Payor, its successors, assigns and transferees and shall inure to the benefit of and be enforceable by Payee, its successors and assigns.
 This note shall be construed and governed in all respects by the laws of the state of Nevada applicable to contracts made and to be performed therein.
 If any provisions of this note are declared invalid, illegal or unenforceable, the balance of this note shall remain in full force and effect.
 

 IN WITNESS WHEREOF, the Payor has executed this note on the day and year first written above.
 

 

 /s/ Kyle W. Carlson
 Kyle W. Carlson
 

 GreenPlex Services, Inc.
 Company
 

 President
 Title
 

 Paid in full on ________________________
 

 

 ___________________________________
 

 ___________________________________Exhibit 10.1 EMPLOYMENT AGREEMENT

  

 Exhibit 10.1
 EMPLOYMENT AGREEMENT
 

 

      
 Employment Agreement, between GreenPlex Services, Inc, a corporation domiciled in the state of Nevada (the "Company"), and James Jefferson, an individual (the "Employee").
 

      1.
 For good consideration, the Company employs the Employee on the following terms and conditions.
 

      2.
 Term of Employment.  Subject to the provisions for termination set forth below, this agreement will begin on April 1st, 2012 and end on December 1, 2012. 
 

      3.
 Salary.  The Company shall pay Employee a salary of $36,000 per year, for the services of the Employee, payable on the first (1st day) and fifteenth (15th Day) of each month.  Employee shall also receive $200 a month vehicle allowance.
 

      4.
 Duties and Position.  The Company hires the Employee in the capacity of General Manager.  The Employee's duties may be reasonably modified at the Company's discretion from time to time.
 

      5.
 Employee to Devote Full Time to Company.  The Employee will devote full time, attention, and energies to the business of the Company, and, during this employment, will not engage in any other competitive business activity, regardless of whether such activity is pursued for profit, gain, or other pecuniary advantage.  Employee is not prohibited from making personal investments in any other businesses provided those investments do not require active involvement in the operation of said companies.
 

      6.
 Reimbursement of Expenses.  The Employee may incur reasonable expenses for furthering the Company's business, including expenses for entertainment, travel, and similar items.  The Company shall reimburse Employee for all business expenses after the Employee presents an itemized account of expenditures, pursuant to Company policy.
 

      7.
 Disability.  In Employee cannot perform the duties because of illness or incapacity for a period of more than 4 weeks, the compensation otherwise due during said illness or incapacity will be reduced by fifty (50) percent.  The Employee's full compensation will be reinstated upon return to work.  However, if the Employee is absent from work for any reason for a continuous period of over two (2) months, the Company may terminate the Employee's employment, and the Company's obligations under this agreement will cease on that date.
  
     9.      Termination of Agreement.  The Company shall have the right to terminate the Employee for "Cause." For purposes of this Agreement, the Company shall have "Cause" to terminate the Employee's employment only upon the Employee's:
 

 (i) conviction of a felony or willful gross misconduct that, in either case, results in material and demonstrable damage to the business or reputation of the Company; or
 

 

 
 (ii) willful and continued failure to perform her duties hereunder (other than such failure resulting from the Employee's incapacity due to physical or mental illness or after the issuance of a Notice of Termination by the Employee for Good Reason) within 14 business days after the Company delivers to him a written demand for performance that specifically identifies the actions to be performed.
 

 Without cause, the Company may terminate this agreement at any time upon 14 days written notice to the Employee.  If the Company requests, the Employee will continue to perform his duties and may be paid his regular salary up to the date of termination.  In addition, the Company will pay the Employee on the date of the termination a severance allowance of $1,500 less taxes and social security required to be withheld.  Without cause, the Employee may terminate employment upon 14 days written notice to the Company.  Employee may be required to perform his duties and will be paid the regular salary to date of termination but shall not receive severance allowance.  Notwithstanding anything to the contrary contained in this agreement, the Company may terminate the Employee's employment upon 14 days notice to the Employee should any of the following events occur:
 

 a)
 The sale of substantially all of the Company's assets to a single purchaser or 
 group of associated purchasers; or
 

 b)  The sale, exchange, or other disposition, in one transaction of the majority of 
 the Company's outstanding corporate shares; or
 

 c)   The Company's decision to terminate its business and liquidate its assets;
 

 d)   The merger or consolidation of the Company with another Company.
 

 e)   Bankruptcy or chapter 11 reorganization.
 

     10.
 Death Benefit.  Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.
 

     11.
 Assistance in Litigation.  Employee shall upon reasonable notice, furnish such information and proper assistance to the Company as it may reasonably require in connection with any litigation in which it is, or may become, a party either during or after employment.
 

     12.
 Effect or Prior Agreements.  This Agreement supersedes any prior agreement between the Company or any predecessor of the Company and the Employee, except that this agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided and not expressly provided in this agreement.
 

     13.
 Settlement by Arbitration.  Any claim or controversy that arises out of or relates to this agreement, or the breach of it, shall be settled by arbitration in accordance with the rules of the American Arbitration Association.  Judgment upon the award rendered may be entered in any court with jurisdiction.
 

     14.
 Notice. For the purposes of this Agreement, notices, demands and all other communications provided for in this Agreement shall be in writing and shall be deemed to have 
 

 
 been duly given when delivered either personally or by United States certified or registered mail, return receipt requested, postage prepaid, addressed as follows: 
 

 If to the Employee:
 

 James Jefferson
 1507 E. 9th Street
 Spokane, WA 99202
 

 If to the Company:
 

 GreenPlex Services, Inc. 
 Attention: Kyle W. Carlson
 10183 N. Aero Dr. Suite 2
 Hayden, Idaho 83835
 

 

     14.
 Limited Effect of Waiver by Company.  Should Company waive breach of any provision of this agreement by the Employee, that waiver will not operate or be construed as a waiver of further breach by the Employee.
 

     15.
 Severability.  If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement shall remain in effect.  If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior agreement between the Company (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had not been executed.
 

     16.
 Assumption of Agreement by Company's Successors and Assignees.  The Company's rights and obligations under this agreement will inure to the benefit and be binding upon the Company's successors and assignees.
 

     17.
 Oral Modifications Not Binding.  This instrument is the entire agreement of the Company and the Employee.  Oral changes have no effect.  It may be altered only by a written agreement signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.
 

 

 Signed this 31st day of March 2012.
 

 

 GreenPlex Services, Inc.
 Employee
 

 

 /s/ Kyle Carlson
 /s/ James Jefferson
 Kyle Carlson, President
 James JeffersonEXHIBIT 10.2 PROMISSORY NOTE

 
 EXHIBIT 10.2
 PROMISSORY NOTE
 $_____________
 __________ ___, 20____

 FOR VALUE RECEIVED, Northern Adventures, LLC, an Idaho Corporation, ("Borrower"), promises to pay to the order of APD Antiquities, Inc. (the "Holder"), the sum of ___________________ Dollars ($___________) in legal and lawful money of the United States of America, together with interest from the date hereof on the principal amount from time to time remaining unpaid as provided below, pursuant to the terms and condition below.  Payment for all amounts due hereunder shall be made at the principal office of Holder at 1314 South Grand Blvd., Suite 2-250, Spokane, WA 99202 or such other address as the Holder may hereafter direct in writing.
 The following is a statement of the rights of the Holder of this Promissory Note and the conditions to which this Note is subject, and to which the Holder hereof, by the acceptance of this Note agree:
 1.
 Interest/Debt Service.  This Note shall bear simple interest at the rate of 8% per annum on the unpaid principal balance of this Note from the date of this Note until 180 days from the date of execution of this promissory notes (the "Maturity Date") or until the Note is forgiven pursuant to execution of mining leases pursuant to the Letter of Intent date April 8, 2011 between the parties.
 Except as otherwise provided herein, the principal amount of this Note shall be due and payable on the Maturity Date.  All past due principal and interest shall bear simple interest from maturity until paid at the rate of 12% per annum.  Payments hereunder shall be applied first to the accrued and unpaid interest and then to the unpaid principal balance of this Note.  
 2.   
 Terms and Conditions.  Holder is making a loan in the amount of ______________________ ($______________) Dollars.  
 3.
 Events of Default.  In the event of default when the principal balance is not paid before or on the due date (herein individually referred to as an "Event of Default"), the Holder of this Note may, at the Holder’s option, in addition to any other rights the Holder may have in equity or at law, declare this Note mature, and all sums owing hereon and under any instrument or agreement executed in connection with this Note shall be due and payable immediately without presentment, protest, demand, notice of intention to accelerate, notice of acceleration, notice of non-payment, notice of protest, or other notice of any kind, all of which are hereby expressly waived by Borrower:
  (i)
 The institution by Borrower of proceedings to be adjudicated as bankrupt or insolvent, or the consent by it to institution of bankruptcy or insolvency proceedings against it or the filing by it of a petition or answer or consent seeking reorganization or release under the federal Bankruptcy Act, or any other applicable federal or state law, or the consent by it to the filing of any such petition or the appointment of a receiver, liquidator, assignee, trustee or other similar official of Borrower, or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the taking of corporate action by Borrower in furtherance of any such action; or
 (ii)
 If, within sixty (60) days after the commencement of an action against Borrower (and service of process in connection therewith on Borrower) seeking any bankruptcy, insolvency, reorganization, liquidation, dissolution or similar relief under any present or future statute, law or regulation, such action shall not have been resolved in favor of Borrower or all orders or proceedings thereunder affecting the operations or the business of Borrower stayed, or if the stay of any such order or proceeding shall thereafter be set aside, or if, within sixty (60) days after the appointment without the consent or acquiescence of Borrower of any trustee, receiver or liquidator of Borrower or of all or any substantial part of the properties of Borrower, such appointment shall not have been vacated; or
 

 
 
 4.
 Waivers.  Unless otherwise specifically set forth in this Note, Borrower waives (i) all  notices, demands and presentments for payments, (ii) all notices of non-payment, default, intention to accelerate maturity, acceleration of maturity, protest and dishonor, and (iii) diligence in taking any action to collect amounts hereunder and in the handling of any collateral securing this Note.
 5.
 Prepayment.  Borrower shall have the right to prepay some or all of the outstanding principal and interest due on this Note at any time prior to the Maturity Date.  In the event that Borrower prepays principal prior to the due date hereof, Borrower shall not be required to pay any interest in connection with such prepayment.  In the event that Borrower prepays the principal after the first anniversary date hereof but prior to the Maturity Date, Borrower shall be required to pay interest only through the first anniversary date hereof, but shall not be required to pay any further interest.  
 6.
 Assignment.  This Note shall be binding upon Borrower and its successors, assigns, heirs and representatives, and shall inure to the benefit of the Holder and its successors and assigns.
 7.
 Waiver and Amendment.  Any provision of this Note may be amended, waived or modified upon the written consent of Borrower and the Holder of this Note.  Borrower hereby waives any and all defenses it may have to the enforcement by the Holder of this Note.
 8.
 Transfer of this Note.  This Note may be sold, transferred, assigned or otherwise disposed of by the Holder.  With respect to any proposed sale, transfer or assignment of this Note, the Holder will give written notice to Borrower prior thereto.  
 It is the intention of the parties that this Note shall be a negotiable instrument.  Any provision of this Note which precludes this Note from being a negotiable instrument shall be deemed waived.
 9.
 Notices.  Any notice, request or other communication required or permitted hereunder shall be in writing and shall be deemed to have been duly given if personally delivered or if mailed by registered or certified mail, postage prepaid, at the respective addresses of the parties as set forth below:
 If to the Borrower: 
 If to the Holder:
 Northern Adventures, LLC 
 APD Antiquities, Inc.
 1028 East Larch Street
 1314 South Grand Blvd, Suite 2-250
 Osburn, Idaho 83849
 Spokane, WA 99202
 

 Any party hereto may by notice so given change its address for future notice hereunder.  Notice shall conclusively be deemed to have been given when personally delivered or when deposited in the mail or fax in the manner set forth above and shall be deemed to have been received when delivered.
 

 10.
 Failure or Indulgency Not Waiver.  No failure or delay on the part of the Holder hereof in the exercise of any power, right, or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right of privilege preclude other or further exercise thereof or of any other right, power or privilege.  All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available.
 11.
 Attorneys’ Fees.  If (i) this Note is not paid at maturity, howsoever such maturity may be brought about, and the same is placed in the hands of an attorney for collection, and/or if this Note is collected by suit or through bankruptcy, probate, or other legal proceedings, and/or (ii) Borrower in any other way breaches any obligation(s) hereunder, Borrower agrees to pay all attorneys’ fees and other costs incurred by the Holder in connection therewith.
 12.
 Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, excluding that body of law relating to conflict of laws.
 

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 13.
 Usury Laws.  This Note shall at all times be in strict compliance with applicable usury laws.  If at any time any interest contracted for, charged or received under this Note or otherwise in connection with this Note would be usurious under applicable law, then regardless of the provisions of this Note or any action or event (including, without limitation, prepayment of principal hereunder  or acceleration of maturity) which may occur with respect to this Note, it is agreed that all sums that would otherwise be usurious shall be immediately credited as a payment of principal hereunder, or if this Note has already been paid, immediately refunded to Borrower.  All compensation which constitutes interest under applicable law in connection with this Note shall be amortized, prorated, allocated and spread over the full period of time any indebtedness that is owing under this Note, to the greatest extent permissible without exceeding the maximum rate of interest allowed by applicable law from time to time during such period.
 14.
 Headings; References.  All headings used herein are used for convenience only and shall not be used to construe or interpret this Note.  Except where otherwise indicated, all references herein to Sections refer to Sections hereof.
 15.
 Arbitration.  Any controversy or claim related to or arising out of this transaction shall be settled by arbitration, conducted on a confidential basis, under the U.S. Arbitration Act, if applicable, or the Uniform Arbitration Act as adopted in Nevada, and the then current Commercial Arbitration Rules of the American Arbitration Association ("Association") strictly in accordance with the terms of this Agreement and the substantive law of Nevada. 
 The arbitration shall be conducted at the Association’s regional office in Las Vegas, Nevada by three arbitrators.  Judgment upon the arbitrators’ award may be entered and enforced in any court of competent jurisdiction.  
 Neither party shall institute a proceeding hereunder unless at least fifteen days prior thereto such party shall have furnished to the other written notice by registered mail of its intent to do so.  Neither party shall be precluded hereby from seeking provisional remedies in the courts of any jurisdiction including, but not limited to, temporary restraining orders and preliminary injunctions, to protect its rights and interests, but such shall not be sought as a means to avoid or stay arbitration.
 Borrower – Northern Adventures LLC
 

 

 By:
       Martin Clemets, Managing Member
 

 

 Paid in Full:
 

 

 By:_____________________________________
 

 Name:___________________________________
 

 Title:____________________________________
 

 APD Antiquities, Inc.
 

 Interest paid ________________
 

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