Document:

China TMK Battery Systems Inc.: Exhibit 10.24 - Filed by newsfilecorp.com

Exhibit 10.24

Loan Agreement (Mid/Long Term)

No. (2009) Zhen Zhongyin Small/Medium Enterprise Jie Zi
No.10035

Borrower: Shenzhen Bo Rou Industrial Co., Ltd.

Lender: Bank of China Shenzhen Branch 

Main Contents:

The Lender will lend RMB40 million to the Borrower and the
proceeds will be used for cash flow and fixed assets. The term of the loan is 36
months commencing from the actual drawdown date. The interest rate is floating
10% above the interest rate for one to three years loan promulgated the People’s
Bank of China and determined every three months. The interest will be paid on a
monthly basis. The Borrower needs to repay the loan in installments, which are
RMB 1 million each month from August 15th, 2011 to July
15th, 2012, and then RMB 8 million on and before August
5th, 2012, and RMB20 million will be repaid upon the expiration of
the loan. If the Borrower wishes to repay the loan early, it needs to notify the
Lender in writing 30 days in advance, and the Lender has the right to charge 2%
of the early repaid amount to cover the loss of the interest.

Drawdown. The Borrower shall drawdown all the amount of the
loan within 180 days from August 1st, 2009.

Method of the Security. the guaranty provided for the loan is
third parties’ guaranty and mortgage.

Insurance. The Borrower shall insure any projects, equipment
and transportation under this contract with an insurance company approved by the
Lender, and provide the insurance policy to the Lender within 30 days after this
contract becomes effective. The insurance payment shall be used for repayment of
this loan and the interest first.

Penalty interest. The Borrower will be charged penalty interest
that is 50% of the normal interest under the contract if it fails to repay the
loan on time. The Borrower will be charged penalty interest that is 100% of the
normal interest under the contract if it does not use the proceeds into the
purpose specified in the contract.

Other Charge. The Borrower will be charged RMB 1.2 million, of
which RMB 400,000 is payable every year before August 30th.

Headings of the articles omitted:

	Dispute Resolution
  
	Representations and Warranties
  
	Effectiveness, Amendment, Termination of the Contract 
	Reservation of Rights 
	Event of Default
  
	Miscellaneous 

	Signature 
	 
	August 5th , 2009China TMK Battery Systems Inc.: Exhibit 10.25 - Filed by newsfilecorp.com

Exhibit 10.25

Short-term Loan Agreement

No. NBCB7301DK09036

Borrower: Shenzhen Bo Rou Industrial Co., Ltd.

Lender: Ningbo Bank Company Limited by Shares Shenzhen
Branch

Main Contents:

The Lender will lend RMB 8 million to the Borrower and the
proceeds will be used as flowing capital for production. The term of the loan is
from August 24, 2009 to August 23, 2010 at the rate of 5.31‰ per month. The
interest will be paid on a quarterly basis. 30% of the principal of the loan
shall be repaid within six month since the draw of the fund, and the Borrower
shall deposit at the Lender in its settlement account no less than 30% of the
revenue of the Borrower.

Right of the Lender. The Lender has the right to inspect the
operation and financial status of the borrower and the borrower shall provide
financial statements on a monthly basis. The Lender can announce the pre-mature
of the borrowing if (a) the Borrower has stopped operation, liquidated, or its
business license is revoked; (b) the borrower intentional provides false
information relating the contract; (c) the borrower becomes insolvent; or (d)
the borrower has encountered other difficulties that harm its ability to repay
the loan, etc.

Responsibility of the Borrower. The Borrower shall notify the
Lender in case there is any material change to the Borrower such as joint
venture, acquisition, reorganization of the Borrower and shall obtain the
consent of the Lender before undertaking any material change to the Borrower.
The Borrower shall also obtain the consent of the Lender before it can provide
any security for any third party’s obligations. The Lender can declare the
maturity of the loan if by the end of 2009, after the capital injection from
venture capital, the group company has borrowed more than RMB130 million, and
the revenue of the parent company of the Borrower is less than RMB 350 million
and the revenue of the Borrower is less than RMB 130 million. During the term of
the loan, the Borrower cannot distribute profits, increase any guaranty it has
provided for third parities or borrowing from third parties.

Penalty interest. The Borrower will be charged penalty interest
that is 1.5 times to the normal interest under the contract if it fails to repay
the loan on time. The Borrower will be charged penalty interest that is 1.8
times to the normal interest under the contract if it does not use the proceeds
into the purpose specified in the contract.

Method of the Security: the guaranty provided for the loan is
mortgage and a third party’s guaranty.

Headings of the articles omitted:

	Dispute Resolution
  
	Effectiveness, Amendment, Termination of the Contract 
	Miscellaneous 
	Acknowledgment by the ParitiesChina TMK Battery Systems Inc.: Exhibit 10.26 - Filed by newsfilecorp.com

Exhibit 10.26

Summary of Credit Facility Contract of (the “Contract”) entered
into by and 
between Shenzhen Sanjun Battery Co., Ltd. (“Party A”) and Bank
of China Shenzhen 
Futian Branch (“Party B”) on June 18, 2008. 

Main Contents:

Contract Number: [2009] Zhen Zhongyin Fuer Zi No.050107

Party B provides revolving credit facility to Party A. The
amount of the credit facility under this Contract is RMB19,000,000. 

The term of the credit facility is from the date of this
Contract to June 18th, 2010, and can be extended through mutual
agreement. 

Conditions to grant the credit facility:

	 	1. 	
      Leave the signature and chop of Party A with Party B and
      fill in relevant forms;

	 	 	 
	 	2. 	
      Open a bank account to be used for the credit
      facility;

	 	 	 
	 	3. 	
      Wu Hetian as the shareholder and legal representative of
      Party A provides personal guaranty;

	 	 	 
	 	4. 	
      Party A and Party B together with Pingan Insurance enter
      into a Tri-Party Transfer of Compensation Agreement;

	 	 	 
	 	5. 	
      Party A pays Party B a loan usage fee of 0.5% of the
      amount of the loan.

Security: 

Wu Hetian provides maximum amount guaranty, and enters into a
maximum amount guaranty agreement.

The followings are omitted: 

	Representations and Warranties
  
	Reservation of right
  
	Event of Default
  
	Dispute Resolutionexhibit10-1.htm

Exhibit 10.1

 

AMENDMENT

TO

EMPLOYMENT AGREEMENT

This Amendment to Employment Agreement (this “Amendment”) is by and between XELR8, Inc. (the “Company”) and John Pougnet (“Employee”), and is executed effective as of May 7, 2010.

RECITALS

WHEREAS, the Company and Employee are parties to that certain Employment Agreement, dated June 1, 2009, by and between the Company and Employee (“Agreement”); and

WHEREAS, the Company and Employee desire to amend the Agreement, to extend the Term of the Agreement under the terms and conditions set forth herein.

AGREEMENT

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

1. Term and Termination.  The Term of the Agreement,
as set forth in Section 3 thereof, shall be extended for an additional one year period until June 1, 2011; provided, however, in the event the Company delivers notice to Employee on or before August 31, 2010 (“Early Termination Notice”), the Agreement shall terminate on November 28, 2010 (“Early Termination Date”) (an “Early Termination”); provided, further,  in
the event the Company fails to consummate a financing resulting in gross proceeds to the Company of at least $500,000 on or before the August 31, 2010, the Early Termination Date shall be August 31, 2010, unless such Early Termination is waived by the parties hereto, which waiver shall be in writing.

2. Conflict.  Unless specifically set forth
herein, or the context otherwise requires, each of the terms and conditions set forth in the Agreement shall survive execution of this Amendment, and shall continue in full force and effect.  In the event of a conflict in the terms and conditions set forth in this Amendment and the Agreement, the terms and conditions set forth herein shall apply.

EXECUTED this 7th day of May, 2010, to be effective as of the Effective Date.

 

	
EMPLOYEE: 

 

 

 

By: /s/ John D Pougnet             

Name: John Pougnet

Title: Chief Financial Officer 
	
COMPANY:

 

XELR8, INC.

 

By: /s/ Daniel W. Rumsey                    

Name: Daniel W. Rumsey

Title: Interim Chief Executive OfficerWebFilings | EDGAR view

      Ex. 10.1:  Amended and Restated Lee Enterprises, Incorporated 1996 Stock Plan for Non-Employee Directors, Effective February 17, 2010

          

          

         AMENDED AND RESTATED LEE ENTERPRISES, INCORPORATED

         1996 STOCK PLAN FOR NON-EMPLOYEE DIRECTORS

         Effective February 17, 2010

          

         1. Purposes

          

         The purpose of the Amended and Restated 1996 Stock Plan for Non-Employee Directors (the “Plan”) of Lee Enterprises, Incorporated (the “Company”) is to promote the interests of the Company and its stockholders by (i) encouraging non-employee directors to own shares of the Company's Common Stock and thereby link their interests more closely with the interests of the other stockholders of the Company; (ii) attracting and retaining non-employee directors of outstanding ability; (iii) providing incentive compensation opportunities which are competitive with those of other major corporations; and (iv) enabling such directors to participate in the long-term growth and financial success of the Company.

          

         2. Definitions

          

         The following definitions shall be applicable throughout the Plan:

          

         “Administrator” - means the Chief Executive Officer of the Company.

          

         “Award” - means a grant of Common Stock under Section 7 of the Plan.

          

         “Board of Directors” - means the Board of Directors of the Company.

          

         “Cash Compensation” - means annual retainer, fees payable for serving as Chairman of the Board of Directors or of a committee of the Board or for attending any meetings of the Board or any committee thereof, per diem consultation fees or other compensation payable as a non-employee director of the Company.

          

         “Code” - means the Internal Revenue Code of 1986 as amended from time to time.

          

         “Common Stock” - means the common stock of Lee Enterprises, Incorporated, $2.00 par value.

          

         “Company” - means Lee Enterprises, Incorporated, a Delaware corporation, including any and all subsidiaries.

          

         “Exchange Act” - means the Securities Exchange Act of 1934 as amended from time to time.

          

         “Participant” - means a non-employee director of the Company who has been granted an Award.

          

         3. Effective Date and Duration of the Plan

          

         The Plan shall become effective upon approval by the Company's stockholders at the Annual Meeting of Stockholders to be held on February 17, 2010 or any adjournment thereof. The Plan shall terminate at such time as may be determined by the Administrator, and no Awards shall be granted after such termination.

          

         4. Administration

          

         (a)    Administrator. The Plan shall be administered by the Administrator subject to the restrictions set forth in the Plan. Before any Awards are granted, the Administrator may require Participants to execute any agreements that the Administrator, in his or her discretion, shall reasonably require.

          

         
            A-1

            

         

          

         (b)    Powers. Subject to the provisions of the Plan, the Administrator shall have the full power, discretion, and authority to interpret and administer the Plan in a manner which is consistent with the Plan's provisions, but shall have no authority with respect to the selection of directors to receive awards, the number of shares subject to the Plan or each grant thereunder, or the price or timing of Awards to be made except as provided in Section 9. The Administrator shall have no authority to increase materially the benefits under the Stock Plan.

          

         (c)    Decisions Binding. All determinations and decisions made by the Administrator according to the provisions of the Plan shall be final, conclusive and binding on all persons, including the Participants, their estates and beneficiaries, and the Company and it stockholders and employees.

          

         5. Common Stock Awards; Shares Subject to the Plan

          

         (a)    Stock Grant Limit. Awards will be granted to Participants in the Plan in accordance with the provisions of Section 7 below. Subject to Section 8 below, the aggregate number of shares of Common Stock that may be issued under the Plan shall not exceed 306,693 shares. Shares of Common Stock shall be deemed to have been issued under the Plan only to the extent actually issued and delivered pursuant to an Award.

          

         (b)    Stock Offered. The Common Stock to be granted constituting an Award may be authorized but unissued Common Stock or Common Stock previously issued and outstanding and reacquired by the Company.

          

         6. Eligibility

          

         Awards may be granted only to directors of the Company who, at the time of grant, are not employees of the Company or of any subsidiary of the Company. 

          

         7. Common Stock Awards

          

         (a)    Annual Awards of Common Stock. Beginning on June 1, 2010, and annually on the first business day of June of each year thereafter, each Participant shall automatically be granted an Award of 10,000 shares of Common Stock (the “Annual Award”), as adjusted according to Sections 7(c) and 8 below. A Participant who is elected by the Board of Directors to fill a vacancy or newly created directorship between annual meetings of stockholders shall automatically receive an Annual Award on the earlier of the first business day of the fourth month after taking office or the last business day of the year in which he or she took office, provided, however, that any Participant who is elected to the Board of Directors to fill such a vacancy shall receive only one Annual Award per fiscal year. 

          

         (b)    Payment for Stock. A Participant shall not be required to make any payment for Common Stock received pursuant to this Plan, except to the extent otherwise required by law.

          

         (c)    Fair Market Value. Notwithstanding subsection (a) above, the fair market value of an Annual Award based on the closing price on the Date of Grant made under this Section shall not exceed the annual cash retainer payable to the Participant by the Company.

          

         (d)    Holding Requirement. Any Annual Award made under this Section shall be held by such Participant for a minimum of ten (10) years, unless such Participant retires, resigns or dies while holding the position of director prior to satisfying this holding requirement.

          

         8. Change in Capital Structure

          

         In the event of any change in the outstanding shares of Common Stock by reason of any stock dividend or split, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other corporate change, or any distributions to the holders of Common Stock other than cash dividends, the Administrator shall make such substitution or adjustment, if any, as he or she deems to be equitable to accomplish fairly the purposes of the Plan and to preserve the intended benefits of the Plan to the Participants and the Company, as to the number, including the number specified in Section 5(a) above, or kind of shares of Common Stock or other securities issued or reserved for issuance pursuant to the Plan, including the number of outstanding shares of Common Stock.

          

         
            A-2

            

         

          

         9. Amendment, Modification and Termination

          

         The Administrator may amend, suspend or terminate the Plan as he or she shall deem advisable or to comply with changes in the Code, the Employee Retirement Income Security Act of 1974, or the rules thereunder, but may not amend the Plan without further approval of the stockholders if such approval is required by law. Adjustments shall be made in the number and kind of shares subject to the Plan as provided in Section 8 above.

          

         10. Miscellaneous

          

         (a)    No Right to an Award. Neither the adoption of the Plan or any action of the Administrator shall be deemed to give a director a right to an Award or any other rights hereunder except as may be evidenced by an Award duly executed on behalf of the Company, and then only to the extent and on the terms and conditions expressly set forth herein. The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other segregation of funds or assets to assure the payment of any Award.

          

         (b)    No Employment Rights Conferred. Nothing contained in the Plan shall (i) confer upon any director any right with respect to continuation of service or nomination for reelection as a director with the Company or (ii) interfere in any way with the right to remove a director from office at any time for cause as provided in the Company's Restated Certificate of Incorporation.

          

         (c)    Other Laws; Withholding. The Company shall not be obligated to issue any shares of Common Stock until there has been compliance with such laws and regulations as the Company may deem applicable. No fractional shares of Common Stock shall be delivered. The Company shall have the right to collect cash from Participants in an amount necessary to satisfy any federal, state or local withholding tax requirements. A Participant may elect to satisfy tax withholding requirements, in whole or in part, by having the Company withhold shares of Common Stock to satisfy the amount of taxes required to be withheld. 

          

         (d)    Severability. If any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included.

          

         (e)    Additional Compensation. Shares of Common Stock granted under the Plan shall be in addition to any Cash Compensation payable to a Participant as a result of his or her service as a non-employee director of the Company.

          

         (f)     Requirements of Law. The granting of Awards under the Plan shall be subject to all applicable laws, rules, and regulations and to such approvals by any governmental agencies or national securities exchanges as may be required.

          

         (g)    Governing Law. To the extent not preempted by federal law, the Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of Delaware, without regard to conflict of law principles.

          

         (h)    Securities Law Compliance. With respect to any Participant subject to Section 16 of the Exchange Act, transactions under the Plan are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the Exchange Act, regardless of whether the conditions are expressly set forth in the Plan. To the extent any provision of the Plan or action by the Administrator fails to so comply, it shall be deemed null and void to the extent permitted by law and deemed advisable by the Administrator.

         
            A-3

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