Document:

Exhibit 10.1

Exhibit 10.1
FIRST AMENDMENT TO THE AGREEMENT AND PLAN OF MERGER 
This Amendment to the Agreement and Plan of Merger, dated as of November 27, 2013 (“First Amendment”), by and among (i) Investors Bank, a New Jersey savings bank (“Investors Bank”), Investors Bancorp, Inc., a Delaware corporation (“Investors Bancorp”), and Investors Bancorp, MHC, a New Jersey mutual holding company (“Investors MHC”), and (ii) GCF Bank, a Federal savings bank, Gateway Community Financial Corp, a Federal corporation (“Gateway Community”), and Gateway Community Financial, MHC, a Federal mutual holding company (“Gateway MHC”). Each of Investors Bank, Investors Bancorp, and Investors MHC are sometimes referred to herein as the “Investors Parties,” and each of GCF Bank, Gateway Community and Gateway MHC are sometimes referred to herein as the “Gateway Parties.”  All capitalized terms contained in this Amendment, but not specifically defined in this Amendment, shall have the meanings ascribed to such terms in the Agreement.

RECITALS

WHEREAS, the Investor Parties and the Gateway Parties are parties to that certain Agreement and Plan of Merger, dated as of April 5, 2013 (the “Merger Agreement”); 
WHEREAS, the parties to the Merger Agreement desire to amend the Merger Agreement as set forth herein.
NOW, THEREFORE, in consideration of the premises, and for other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
1.Amendment to Section 7.01(b)(i). Section 7.01(b)(i) of the Agreement is hereby amended by replacing “November 30, 2013” with “January 31, 2014.”
2.Amendment to Section 7.01(b)(ii). Section 7.01(b)(ii) of the Agreement is hereby amended by deleting same in its entirety and replacing it with the following: if the Closing Date shall not have occurred on or before January 31, 2014, unless the failure of such occurrence shall be due to the failure of the Party seeking to terminate this Agreement to perform or observe its obligations set forth in this Agreement required to be performed or observed by such Party on or before the Closing Date.
3.No Further Amendments. Except as expressly amended hereby, the Agreement is in all respects ratified and confirmed, and all the terms, conditions and provisions thereof shall remain in full force and effect. This Amendment is limited precisely as written and shall not be deemed to be an amendment to any other term or condition of the Agreement or any of the documents referred to therein. 
4.Effect of Amendment. This Amendment shall form a part of the Agreement for all purposes, and each party thereto and hereto shall be bound hereby. From and after the execution of this Amendment by the parties hereto, any reference to the Agreement shall be deemed a reference to the Agreement as amended hereby. 
5.Counterparts. This Amendment may be executed in two or more counterparts (including by facsimile or other electronic means), all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each of the parties and delivered to the other party, it being understood that each party need not sign the same counterpart. 
6.Severability. Whenever possible, each provision or portion of any provision of this Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision or portion of any provision of this Amendment is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or portion of any provision in such jurisdiction, and 

this Amendment shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein. 
7.Governing Law. This Amendment and all disputes or controversies arising out of or relating to this Amendment or the transactions contemplated hereby shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to the conflict of law principles thereof, except to the extent that Federal law applies. 
8.Headings. The headings used in this Amendment are inserted for purposes of convenience of reference only and shall not limit or define the meaning of any provisions of this Amendment. 
[Remainder of page intentionally left blank] 

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their duly authorized officers as of the day and year first above written.

INVESTORS BANK
 /s/ Kevin Cummings                  
By: Kevin Cummings, President and Chief Executive Officer

INVESTORS BANCORP, INC.
 /s/ Kevin Cummings                  
By: Kevin Cummings, President and Chief Executive Officer 

INVESTORS BANCORP, MHC
 /s/ Kevin Cummings                  
By:  Kevin Cummings, President and Chief Executive Officer

GCF BANK
 /s/ Bruce Haines                 
By: Bruce Haines, Acting President and Chief Executive Officer

GATEWAY COMMUNITY  FINANCIAL CORP.
 /s/ Bruce Haines                  
By: Bruce Haines, Acting President and Chief Executive Officer

GATEWAY COMMUNITY FINANCIAL, MHC
 /s/ Bruce Haines                
By: Bruce Haines, Acting President and Chief Executive Officerohgi_ex101.htm

Exhibit 10.1

November 29, 2013

One Horizon Group, Inc.

Weststrasse 1,

Baar Switzerland CH6340

Attention: Mark White

This letter, when executed by the parties hereto, will constitute an agreement between One Horizon Group, Inc. (the "Company") and Newport Coast Securities, Inc. ("Newport") pursuant to which the Company agrees to retain Newport and Newport agrees to be retained by the Company under the terms and conditions set forth below.

1.   The Company hereby retains Newport on a non-exclusive basis to perform consulting services and Newport hereby accepts such retention.  In this regard, subject to the terms set forth below Newport shall furnish to the Company advice and recommendations with respect to such aspects of the business and affairs of the Company as the Company shall, from time to time, reasonably request upon reasonable notice.  In addition, Newport will provide its expertise and consulting services to Client’s investor relations activities involving Client’s business relations and working relationships with public/private/institutional investors, broker/dealers and financial advisors/analysts in the securities and financial services community.   Newport will assist the Company in making presentations to the brokerage community and introductions to security firms and brokers; assist the Company in identifying analysts in the brokerage community to initiate coverage on the Company; and help sponsor the Company’s participation in small cap and/or other conferences.

2.   As compensation for the services described in paragraph 1 above, the Company shall pay to Newport a flat fee of US$5,000 per month. In addition the Company shall issue Newport or its designated affiliates a one-time aggregate fee of 15,000 restricted shares of common stock of the Company that shall be issued and deemed earned on January 6, 2014.  The Company will reimburse Newport for any and all reasonable expenses incurred by Newport in the performance of its duties hereunder, and Newport shall account for such expenses to the Company; provided, however, that any expense in excess of $250.00 shall require the prior written approval of the Company. Such reimbursement shall accumulate and be paid monthly.

3.  (a)            The Company agrees to indemnify and hold harmless Newport, its partners, employees, agents, representatives and controlling persons (and the officers, directors, employees, agents, representatives and controlling persons of each of them) from and against any and all losses, claims, damages, liabilities, costs and expenses (and all actions, suits, proceedings or claims in respect thereof) and any legal or other expenses in giving testimony or furnishing documents in response to a subpoena or otherwise (including, without limitation, the cost of investigating, preparing or defending any such action, suit, proceeding or claim, whether or not in connection with any action, suit, proceeding or claim in which Newport is a party), as and when incurred, directly or indirectly, caused by, relating to, based upon or arising out of Newport's services pursuant to this Agreement; provided, however, Newport shall not be entitled to indemnification for its own gross negligence, willful misconduct, unauthorized representations made to third parties, or conduct in violation of any laws, rules and regulations. This paragraph shall survive the termination of this Agreement.

                     (b)    Newport agrees to indemnify and hold harmless the Company, its officers, directors, shareholders, employees, agents, representatives and controlling persons (and the officers, directors, employees, agents, representatives and controlling persons of each of them) from and against any and all losses, claims, damages, liabilities, costs and expenses (and all actions, suits, proceedings or claims in respect thereof) and any legal or other expenses in giving testimony or furnishing documents in response to a subpoena or otherwise (including, without limitation, the cost of investigating, preparing or defending any such action, suit, proceeding or claim, whether or not in connection with any action, suit, proceeding or claim in which Newport is a party), as and when incurred, directly or indirectly, caused by, relating to, based upon or arising out of Newport' services pursuant to this Agreement; provided, however, the Company shall not be entitled to indemnification for its own gross negligence, willful misconduct, unauthorized representations made to third parties, or conduct in violation of any laws, rules and regulations. This paragraph shall survive the termination of this Agreement.

 

  

  

  

 

4.   The term of this Agreement  shall be six (6) months from the date of execution and can be terminated by any party after thirty days (30) days with a thirty (30) days prior notice. In the event of termination by such notice, Newport shall not be entitled to reimbursement of expenses, fees and other compensation incurred after the date of such notice.

5.   Except as required by law or court order, Newport will keep confidential any trade secrets or confidential or proprietary information of the Company which are now known to Newport or which hereinafter may become known to Newport and Newport shall not at any time directly or indirectly disclose or permit to be disclosed any such information to any person, firm, or corporation or other entity, or use the same in any way other than in connection with the business of the Company and in any case only with prior written permission of the Company. For purposes of this Agreement, “trade secrets or confidential or proprietary information” includes information unique to or about the Company including but not limited to its business and is not known or generally available to the public.

Any confidential material held by Newport will be returned to Company within one calendar month of the expiration or termination of this Agreement.

Any confidential information should not be disclosed by Newport for a period of five (5) years subsequent to the termination of this Agreement.

6.   This Agreement has been made in the State of New York and shall be construed and governed in accordance with the laws thereof without giving effect to principles governing conflicts of law.

7.           This Agreement contains the entire agreement between the parties, may not be altered or modified, except in writing and signed by the party to be charged thereby, and supersedes any and all previous agreements between the parties relating to the subject matter hereof.

8.          This Agreement shall be binding upon the parties hereto; the indemnified parties referred to in Section 3, and their respective heirs, administrators, successors and permitted assigns. This agreement may be executed in counterparts.  Pending receipts of executed originals, facsimile signature shall have force and effect of original signatures.

9.   Any notices required by this Agreement shall (i) be made in writing and delivered to the party to whom it is addressed by hand delivery, by certified mail, return receipt requested, with adequate postage prepaid, or by courier delivery service (including major overnight delivery companies such as Federal Express or DHL), (ii) be deemed given when received, and (iii) in the case of the Company, be mailed to its principal office at  Weststrasse 1, Baar, CH6340, Switzerland, and in the case of Newport, be mailed to 18872 MacArthur, 1st Floor, Irvine, CA 92612.

10.         If any term of this Agreement is to any extent invalid, illegal, or incapable of being enforced, such term shall be excluded to the extent of such invalidity, illegality, or unenforceability; all other terms hereof shall remain in full force and effect.

11.         Except with the prior written consent of the other party, each party shall not transfer, including by merger (whether that party is the surviving or disappearing entity), consolidation, dissolution, or operation of law, (1) any discretion granted it under this agreement, (2) any right that it has to satisfy a condition under this agreement, (3) any remedy that it has under this agreement, or (4) any obligation imposed on it under this agreement. Any purported transfer in violation of this section 11 will be void.

 

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If you are in agreement with the foregoing, please execute two copies of this letter in the space provided below and return them to the undersigned.

Very truly yours,

Newport Coast Securities, Inc.

 

By: /s/ Robert E. Ainbinder Jr.

  Name: Robert E. Ainbinder Jr.

  Title: Managing Director

ACCEPTED AND AGREED TO AS OF

THE DATE FIRST ABOVE WRITTEN

One Horizon Group, Inc.

 

By:_/s/ Martin Ward

     Martin Ward

     CFO

 

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