Document:

exhibi102.htm

    
      TEMPUR-PEDIC
INTERNATIONAL INC.

       

      2003
EQUITY INCENTIVE PLAN

       

      Stock
Option Agreement

       

      Richard
Anderson

       

      This
Agreement dated as of February 5, 2008, between Tempur-Pedic International Inc.,
a corporation organized under the laws of the State of Delaware (the “Company”), and the
individual identified below, residing at the address there set out (the “Optionee”).

       

      1. Grant of
Option.  Pursuant and subject to the Company’s 2003 Equity
Incentive Plan (as the same may be amended from time to time, the “Plan”), the
Company grants to the
Optionee an option (the “Option”) to purchase
from the Company all or any part
of a total of 100,000 shares (the “Optioned Shares”) of
the Company’s common stock, par value $0.01 per share (the “Stock”), at a price
of $20.02 per share.  The Grant Date of this Option is January 29,
2008.

       

      2. Character of
Option.  This Option is not to be treated as an “incentive
stock option” within the meaning of Section 422 of the Internal Revenue Code of
1986, as amended.

       

      3. Duration of
Option.  Subject to the following sentence, this Option shall expire at
5:00 p.m. on ten years from the Grant Date.  However, if the
Optionee’s employment with the Company and its
Affiliates ends before that date (including because the Optionee’s employer
ceases to be an Affiliate), this Option shall expire on
the earlier date specified in whichever of the following applies:

       

      (a) If the
termination of the Optionee’s employment is on account of the optionee’s death
or disability, the first anniversary of the date the Optionee’s employment ends;
or

       

      (b) If the
termination of the Optionee’s employment is due to any other reason, three (3)
months after the Optionee’s employment ends.

       

      4. Exercise of
Option.

       

      (a) Until
this Option expires, the Optionee may exercise it as to the number of Optioned
Shares identified in the table below, in full or in part, at any time on or
after the applicable exercise date or dates identified in the
table.  However, during any period that this Option remains
outstanding after the Optionee’s employment with the Company and its Affiliates
ends, including because the Optionee’s employer ceases to be an Affiliate, the
Optionee may exercise it only to the extent it was exercisable immediately prior
to the end of the Optionee’s employment.  The procedure for exercising
this Option is described in Section 7.1(e) of the Plan.  The Optionee
may pay the exercise price due on exercise by delivering other shares of Stock
of equivalent Market Value provided the Optionee has owned such shares of Stock
for at least six months.

       

      
        	
                Number
      of Shares

                in Each Installment

              	
                Percentage
      of

                Optioned Shares

              	
                Initial
      Exercise Date

                for Shares in
Installment

              
	
                25,000

              	
                25%

              	
                January
      29, 2009

              
	
                25,000

              	
                25%

              	
                January
      29, 2010

              
	
                25,000

              	
                25%

              	
                January
      29, 2011

              
	
                25,000

              	
                25%

              	
                January
      29, 2012

              

      

       

                                    
 (b) In lieu of the Change of Control provisions of Section 9 (a) -
(c) of the Plan, if (i) a Change of Control occurs and (ii) the Optionee’s
employment is terminated but not For Cause (as defined in the Optionee’s
Employment Agreement dated July 18, 2006) or if the Optionee resigns for Good
Reason (as defined in the Optionee’s Employment Agreement dated July 18, 2006)
within twelve (12) months after the occurrence of a Change of Control, the
Optionee’s next installment of 25,000 Optioned Shares will Accelerate as of the
date of his termination of employment.

       

       

      5. Transfer of
Option.  Except as provided in Section 6.4 of the Plan, this
Option may
not be transferred except by will or the laws of descent and distribution, and
during the Optionee’s lifetime, only the Optionee may exercise this
Option.

       

      6. Incorporation of Plan
Terms.  Except as otherwise provided herein in Section 4(b)
above, this Option is granted
subject to all of the applicable terms and provisions of the Plan, including but
not limited to the limitations on the Company’s obligation to
deliver Optioned Shares upon exercise set forth in Section 10 of the Plan,
“Settlement of Awards”.  Capitalized terms used but not defined herein
shall have the meaning assigned under the Plan.

       

      7. Miscellaneous.  This
Agreement shall be construed and enforced in accordance with the laws of the
State of Delaware, without regard to the conflict of laws principles thereof,
and shall be binding upon and inure to the benefit of any successor or assign of
the Company and any
executor, administrator, trustee, guardian, or other legal representative of the
Optionee.  This Agreement may be executed in one or more counterparts
all of which together shall constitute one instrument.

       

      8. Tax
Consequences.  The Company makes no representation or warranty
as to the tax treatment of this Option, including upon the exercise of this
Option or upon the Optionee’s sale or other disposition of the Optioned
Shares.  The Optionee should rely on his/her own tax advisors for such
advice.

       

      9. Certain Remedies.

       

      (a) If at any
time within two years after termination of the Optionee’s employment with the
Company and its Affiliates any of the following occur:

       

      (i) the
Optionee unreasonably refuses to comply with lawful requests for cooperation
made by the Company, its board of directors, or its Affiliates;

       

      (ii) the
Optionee accepts employment or a consulting or advisory engagement with any
Competitive Enterprise of the Company or its Affiliates or the Optionee
otherwise engages in competition with the Company or its
Affiliates;

       

      (iii) the
Optionee acts against the interests of the Company and its Affiliates, including
recruiting or employing, or encouraging or assisting the Optionee’s new employer
to recruit or employ an employee of the Company or any Affiliate without the
Company’s written consent;

       

      (iv) the
Optionee fails to protect and safeguard while in his/her possession or control,
or surrender to the Company upon termination of the Optionee’s employment with
the Company or any Affiliate or such earlier time or times as the Company or its
board of directors or any Affiliate may specify, all documents, records, tapes,
disks and other media of every kind and description relating to the business,
present or otherwise, of the Company and its Affiliates and any copies, in whole
or in part thereof, whether or not prepared by the Optionee;

       

      (v) the
Optionee solicits or encourages any person or enterprise with which the Optionee
has had business-related contact, who has been a customer of the Company or any
of its Affiliates, to terminate its relationship with any of them;
or

       

      (vi) the
Optionee breaches any confidentiality obligations the Optionee has to the
Company or an Affiliate, the Optionee fails to comply with the policies and
procedures of the Company or its Affiliates for protecting confidential
information, the Optionee uses confidential information of the Company or its
Affiliates for his/her own benefit or gain, or the Optionee discloses or
otherwise misuses confidential information or materials of the Company or its
Affiliates (except as required by applicable law); then

       

      (1) this
Option shall terminate and be cancelled effective as of the date on which the
Optionee entered into such activity, unless terminated or cancelled sooner by
operation of another term or condition of this Agreement or the
Plan;

       

      (2) any stock
acquired and held by the Optionee pursuant to the exercise of this Option during
the Applicable Period (as defined below) may be repurchased by the Company at a
purchase price of $20.02 per share; and

       

      (3) any gain
realized by the Optionee from the sale of stock acquired through the exercise of
this Option during the Applicable Period shall be paid by the Optionee to the
Company;

       

      (b) The term
“Applicable
Period” shall
mean the period commencing on the later of the date of this Agreement or the
date which is one year prior to the Optionee’s termination of employment with
the Company or any Affiliate and ending two years from the Optionee’s
termination of employment with the Company or any Affiliate.

       

      (c) The term
“Competitive
Enterprise”
shall mean a business enterprise that engages in, or owns or controls a
significant interest in, any entity that engages in, the manufacture, sale or
distribution of mattresses or pillows or other bedding products or other
products competitive with the Company’s products.  Competitive
Enterprise shall include, but not be limited to, the entities set forth on
Appendix A hereto, which may be amended by the Company from time to time upon
notice to the Optionee.  At any time the Optionee may request in
writing that the Company make a determination whether a particular enterprise is
a Competitive Enterprise.  Such determination will be made within 14
days after the receipt of sufficient information from the Optionee about the
enterprise, and the determination will be valid for a period of 90 days from the
date of determination.

       

      10. Right of Set
Off.  By executing this Agreement, the Optionee consents to a
deduction from any amounts the Company or any Affiliate owes the Optionee from
time to time, to the extent of the amounts the Optionee owes the Company under
Section 9 above, provided that this set-off right may not be applied against
wages, salary or other amounts payable to the Optionee to the extent that the
exercise of such set-off right would violate any applicable law.  If
the Company does not recover by means of set-off the full amount the Optionee
owes the Company, calculated as set forth above, the Optionee agrees to pay
immediately the unpaid balance to the Company upon the Company’s
demand.

       

      11. Nature of
Remedies.

       

      (a) The
remedies set forth in Sections 9 and 10 above are in addition to any
remedies available to the Company and its Affiliates in any non-competition,
employment, confidentiality or other agreement, and all such rights are
cumulative.  The exercise of any rights hereunder or under any such
other agreement shall not constitute an election of remedies.

       

      (b) The
Company shall be entitled to place a legend on any certificate evidencing any
stock acquired upon exercise of this Option referring to the repurchase right
set forth in Section 9(a) above.  The Company shall also be
entitled to issue stop transfer instructions to the Company’s stock transfer
agent in the event the Company believes that any event referred to in
Section 9(a) has occurred or is reasonably likely to occur.

       

      

       

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      In
Witness Whereof, the parties have executed this Agreement as of the date first above
written.

                                                                  

    

    
      
        
          	  TEMPUR-PEDIC
      INTERNATIONAL INC.	 	 	 
	 	 	 	 	 	 
	 By:	
                  
                    /s/
      H. Thomas Bryant

                  

                	
                   

                	/s/  Richard
      Anderson    	 February
      14, 2008	 
	 Title:	President
      & Chief Executive Officer 	 	Signature
      of Optionee	 Date	 
	 Date:	February
      5, 2008 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	
                   Richard
      Anderson

                	 	 
	 	 	 	 Name
      of Optionee	 	 
	 	 	 	 	 	 
	 	 	 	 Optionee's
      Address:fs1ex10a_globalhold.htm

    CONSULTING
AGREEMENT

     

    CONSULTING
AGREEMENT dated as of March 26, 2007 (this " Agreement") by and between Global
Holdings, Inc. a Nevada corporation having its principal place of business at
P.O. Box 6053, East Brunswick, New Jersey, 08816 (the "Company"), and Milton
Miller an individual (the consultant").

     

    WITNESSETH

     

    WHISEAS,
the company wishes to retain Consultant to provide the company with certain
consulting services and consultant is willing to provide such consulting
services, on the terms and conditions set forth herein.

     

    NOW,
THISEFORE , in consideration of the foregoing premises and of the mutual
covenants and agreements hereinafter contained, the parties hereby agree as
follows:

     

    Section
1. Retention of the consultant . The Company hereby retains and engages the
consultant, and the consultant hereby accepts such engagement, in each case
subject to the terms and conditions of this agreement.

     

    Section
2. Services.

     

    (a) On the
terms and subject to the conditions herein contained, the company hereby engages
Consultant as a consultant, and consultant hereby accepts such
engagement.

     

    (b) With
regard to operations, strategic planning and business development, the
consultant shall consult with the Company regarding:

     

    (i) developing
new sources of business;

    (ii) identifying
and analyzing possible strategic alliances;

    (iii) evaluation
and analysis of the Company's marketing plans and new products and
services;

    (iv) review of
the business plans for the Company, including the review of budgets and
projections;

    (v) a
detailed evaluation of the Company's competition in new and existing
markets;

    (vi) analysis
of information on a periodic basis concerning the financial performance of the
company and the markets in which it operates;

    (vii) identification
of suitable merger and acquisition candidates; and

    (viii) such
other aspects of the business of the company as consultant and the company may
agree from time to time.

     

    (c) The
Consultant will devote such amount of time and effort necessary to accomplish
the services required. However, there is no requirement that Consultant devote a
certain amount of time or effort hereunder.

     

    (d) In
connection with any proposal made by the Consultant pursuant to this agreement,
the Company and the Consultant acknowledge that the company shall not be
obligated to accept such proposal or further obligate itself hereunder. Any
arrangement or agreement between the Company and a third party shall be
evidenced by an agreement duly authorized and executed by the
Company.

     

    Section
3. Compensation. The Company agrees to pay to the Consultant shares of the
Company's common stock to be registered and "freely tradable" via and S-8
registration statement effective immediately as compensation for the services
specified in section two here of. The Company acknowledges that it does not
currently have the finically ability to pay for the

    

     

    
      
        
        

      

      
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    Consultant's
services in cash. Therefore, in lieu of such cash payment and in consideration
of the services to be rendered by the consultant, pursuant to this agreement,
and for other good and valuable consideration the receipt and sufficiency of
which is hereby acknowledged by the Company, the Company, can currently with the
execution hereof, shall issue to the consultant eight hundred fifty thousand
(850,000) shares (the "shares") of the Company's common stock, par value $0.0001
per share (the "common stock). The shares shall be issued in full upon
acceptance of this agreement.

     

    Section
4. Confidentiality; Non- Competition. The Consultant acknowledges that in the
course of his engagement, he will become familiar with trade secrets and other
confidential information (collectively, "Confidential Information") concerning
the Company. The Consultant agrees that he shall retain the confidential
information in strict confidence and not disclose to any third party any or all
of the confidential information without the express written prior consent of the
Company. Furthermore, the Consultant agrees that during the term (as defined
below) and for a period of one year thereafter neither he nor any affiliate or
family member shall directly or indirectly, for their account or on behalf of
any other party, whether as an employer, employee, Consultant, manager, member,
agent, broker, contractor, stock holder, director, officer, investor, owner,
lender, partner, joint venturer, franchiser, franchisee, licensor, licensee,
sails representative, distributor, or otherwise, or through any business entity
or vehicle whatsoever: (i) conduct, advise or render services to any business
activity in competition with the Company or (ii) solicit hire or retain any
employee or Consultant or its affiliate, or persuade or entice any employee or
Consultant of the Company to leave the employ of the Company or its
affiliates.

     

    Section
5. Term. This Agreement shall be for a term of twelve months commencing on the
date hereof (the "Term") this agreement will have an automatic three (3) month
renewal provision to be enacted upon expiration of initial and subsequent
agreement term (s). This agreement maybe terminated by either party only upon
thirty days prior written notice.

     

    Section
6. Representations and Warranties of the Consultant.

     

    (a) The
Consultant represents and warrants to the Company that he is not requiring the
shares with a view to, or for resale in connection with, any distribution in
violation of the Securities Act.

     

    (b) The
consultant represents and warrants to the Company that..

     

    (i) he is a
natural person;

    (ii) he shall
provide bonafide services to the Company pursuant to this Agreement; and (iii)
the services to be provided pursuant to this Agreement are not in connection
with the offer or sale of securities and do not directly or indirectly promote
or maintain a marker for the Company's securities.

     

    Section
7. Indemnification.

     

    The
Company agrees to indemnify and hold harmless the Consultant and his affiliates
against any and all loses, claims, damages, obligations, penalties, judgments,
awards, liabilities, costs, expenses and disbursements, (and all actions, suits,
proceedings, and investigations in respect thereof and any and all legal or
other costs, expenses and disbursements in giving testimony or furnishing
documents in response to a subpoena or otherwise), including, without
limitation, the costs, expenses and disbursements, as and when incurred, of
investigating, preparing or defending any such action, proceeding or
investigation ( whether or not in connection with litigation to which the
Consultant is a party), directly or indirectly, caused by, relating to, based
upon, arising out of or in connection with information provided by the company
which contains a material misrepresentation or material omission in connection
with the provision of services by the Consultant under this agreement; provided,
however, such indemnity agreement shall not apply to any portion of any such
lose, claim, damage, obligation, penalty, judgment award,

    

     

    
      
        
        

      

      
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    liability,
cost, expense or disbursement to the extent it is found by a court of competent
jurisdiction to have resulted from the gross negligence willful misconduct of
the Consultant the Company also agrees that the Consultant shall not have any
liability ( whether direct or indirect contract or tort or otherwise) to the
Company or to any person (including, without limitation, Company share holders)
claiming through the Company for or in connection with the engagement of the
Consultant, except to the extent that any such liability results from the
Consultant's gross negligence or willful misconduct. This indemnification shall
survive the termination of this agreement.

     

    Each
party entitled to indemnification under this agreement (the "Indemnified Party")
shall give notice to the party required to provide indemnification (the
"Indemnifying Party") promptly after such indemnified party has actual knowledge
of any claim as to which indemnity maybe sought, and shall permit the
indemnifying party to a sure defense of any such claim or any litigation
resulting therefrom, provided that council for the indemnifying party, who shall
conduct the defense of such claim or any litigation resulting therefrom, shall
be approved by the indemnified party (whose approval shall not be unreasonably
withheld), and the indemnified party may participate in such defense at such
party's expense, and provided that further the failure of any indemnified party
to give notice as provided herein shall not relieve the indemnifying party of
its obligations under this section 7. Each indemnified party shall furnish such
information regarding itself or the claim in question as an indemnifying party
may reasonably request in writing and as shall be reasonably required in
connection with defense of such claim and any litigation resulting
therefrom.

     

    Section
8. Governing Law. This agreement shall be governed by, and construed in
accordance with the laws of the Sate of the New Jersey without regard to the
conflict of law principles thereof.

     

    Section
9. Entire Agreement; Amendments. This agreement contains the entire agreement
and understanding between the parties and supercedes an preempts any prior
understanding or agreements, whether written or oral. The provisions of this
agreement may be amended or waived only with the prior written consent and the
Consultant.

     

    Section
10. Successors and Assigns; No Assignment. This agreement shall be binding upon,
inure to the benefit of, and shall be enforceable by the Consultant and the
Company and their respective successors and permitted assigns. The Consultant
acknowledges that the services to be rendered by his under this agreement are
unique and personal. Accordingly, the Consultant shall not assign any of his
rights or delegate any of his duties or obligations under this
agreement.

     

    Section
11. Notices. All notices and other communications under this Agreement shall be
in writing and shall be deemed effective and given upon actual delivery if
presented personally, one business day after the date sent if sent by prepaid
telegram, overnight currier service, telex or facsimile transmission or five
business days if sent by registered or certified mail, returned receipt
requested, postage prepaid which shall be addressed to the following
addresses:

     

    If to the
Company:

     

    Global
Holdings, Inc.

    P.O. Box
6053

    East
Brunswick, New Jersey 08816 Attention: Chief Executive Officer

     

    If to the
Consultant: Milton Miller, 5 Moraine, Edison, New Jersey 08820

     

    
      
        
        

      

      
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    Section
12. Severability. If any provision of this agreement or the application of any
provision to any person or circumstances shall be held invalid, illegal or
unenforceable in any respect by a court of competent jurisdiction, such
invalidity, illegality or unenforceability shall not affect any other provision
hereof

     

    Section
13. Section and Other Headings. The section headings contained in this agreement
are for reference purposes only and shall not affect in any way the meaning or
interpretation of this agreement.

     

    Section
14. Counterparts. This agreement may be executed in any number of counterparts
and by facsimile, each of which when so executed and delivered shall be deemed
to be an original and all of which together shall be deemed to be one and the
same agreement.

     

    Section
15. Independent Contractor. The Consultant agrees and acknowledges that he is
solely responsible to pay all of his own taxes with respect to the issuance of
the shares to the Consultant hereunder. The Consultant shall not be entitled to
receive, and shall not receive any other benefits of employment from the
company, including, without limitation, disability insurance worker's
compensation or any other benefits incidental to any employer-employee
relationship; it being the intention and agreement of the parties hereto that
the Consultant's relationship with the Company is that of an independent
contractor. Furthermore, this agreement shall not be construed to create between
the Company and the Consultant the relationship of principal or agent,
joint-venturers, copartners or employer and employee, the existence of which is
hereby expressly denied by the Company and the Consultant. The Consultant shall
not be an agent of the Company for any purposes whatsoever and the Consultant
shall have any right or authority to bind the Company or create any obligations,
express or imply, on behalf of or in the name of the Company.

     

    Section
16. No Conflicting Agreements. The Consultant represents that he is not a party
to any other agreement or arrangement which would conflict with or interfere
with the performance of his duties or obligations under this
agreement.

     

    IN
WITNESS WHISEOF, the parties hereto have executed this Agreement as of the date
first written above.

     

    Global
Holdings, INC.

     

     

    
      	By:	/s/
      Mitchell Cohen
	 	Name:	Mitchell
    Cohen
	 	Title:	President

    

     

     

     

    
       

      
        	By:	/s/
      Milton Miller
	 	Name:	Milton
    Miller
	 	Title:	Consultant

      

    

     

    4

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