Document:

exhibit10_2.htm

 

 

Exhibit 10.2

Restricted Stock Award

Granted by

SUGAR CREEK FINANCIAL CORP.

under the

SUGAR CREEK FINANCIAL CORP.

2015 RESTRICTED STOCK PLAN

This Restricted Stock Award Agreement (the “Restricted Stock Award” or this “Agreement”) is and will be subject in every respect to the provisions of the 2015 Restricted Stock Plan (the “Plan”) of Sugar Creek Financial Corp. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement.  A copy of the Plan has been provided to each person granted a Restricted Stock Award pursuant to the Plan.  The holder of this Restricted Stock Award (the “Participant”) hereby accepts this Restricted Stock Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee appointed to administer the Plan (“Committee”) or the Board of Directors will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns.  Capitalized terms used herein but not defined will have the same meaning as in the Plan.

 

1. Name of Participant: ___________________

 

2. Date of Grant: _________________________

 

	
3.  

	
Total number of shares of Company common stock, $0.01 par value per share, covered by the Restricted Stock Award: __________

(subject to adjustment pursuant to Section 3.3 of the Plan ).

 

	
4.  

	
Vesting Schedule.  Except as otherwise provided in this Agreement, this Restricted Stock Award first becomes earned in accordance with the vesting schedule specified herein.

The Restricted Stock Awards granted under the Plan shall vest in __________ (__)  annual installments, with the first installment becoming vested on the first anniversary of the date of grant, and succeeding installments on each anniversary thereafter (or the first business day following such anniversary if the anniversary falls on a weekend day or legal holiday observed by the Company).  To the extent the shares of Restricted Stock awarded to me are not equally divisible by “__,” any excess shares of Restricted Stock shall vest on _________ __, ___________.

 

Vesting will automatically accelerate pursuant to Section 2.6 of the Plan (in the event of death or Disability or upon the Involuntary Termination of Employment following a Change in Control).

 

  

  

  

5.           Grant of Restricted Stock Award.

	
  

	
The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either (i) registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or (ii) registered in the name of, and delivered to, the Participant.  Notwithstanding the foregoing, the Company may, in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards.

 

	
  

	
If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock.  The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

	
  

	
6.

	
Voting and Dividends.

 

	
  

	
The Participant will have the right to vote the shares of Restricted Stock awarded hereunder.

 

	
  

	
Any cash dividends declared on shares of Restricted Stock that have not vested (and any earnings thereon) shall be immediately distributed to the Participant.

 

	
  

	
7.

	
Delivery of Shares.

 

	
  

	
Delivery of shares of Stock under this Restricted Stock Award will comply with all applicable laws (including, the requirements of the Securities Act), and the applicable requirements of any securities exchange or similar entity.

 

	
  

	
8.

	
Adjustment Provisions.

 

	
  

	
This Restricted Stock Award, including the number of shares subject to the Restricted Stock Award, will be adjusted upon the occurrence of the events specified in, and in accordance with the provisions of, Section 3.3 of the Plan.

 

	
  

	
9.

	
Effect of Termination of Service on Restricted Stock Award.

 

This Restricted Stock Award will vest as follows:

 

	
(i)  

	
Death.  In the event of the Participant’s Termination of Service by reason of the Participant’s death, all unvested shares of Restricted Stock will vest as to all shares subject to an outstanding Award at the date of Termination of Service.

 

	
(ii)  

	
Disability.  In the event of the Participant’s Termination of Service by reason of Disability, all unvested shares of Restricted Stock will vest as to all shares subject to an outstanding Award at the date of Termination of Service.

 

	
(iii)  

	
Change in Control.  In the event of an Involuntary Termination of Employment or Involuntary Termination of Service following a Change in Control, all unvested shares of Restricted Stock will vest as to all shares subject to an outstanding Award.   A “Change in Control” will be deemed to have occurred as provided in Section 4.2 of the Plan.

 

	
(iv)  

	
Other Termination.  In the event of the Participant’s Termination of Service for any reason other than death, Disability or termination for Cause or in the event of an Involuntary Termination of Employment or Involuntary Termination of Service following a Change in Control, all shares of Restricted Stock awarded to the Participant which have not vested as of the date of Termination of Service will expire and be forfeited.

 

  

  

  

10.           Miscellaneous.

	
  

	
10.1

	
This Agreement may not be amended or otherwise modified unless evidenced in writing and signed by the Company and the Participant.

	
  

	
10.2

	
Restricted Stock Awards are not transferable prior to the time such Awards vest in the Participant.

	
  

	
10.3

	
This Restricted Stock Award and this Agreement will be governed by and construed in accordance with the laws of the State of Illinois.

 

	
  

	
10.4

	
This Restricted Stock Award and this Agreement are subject to all laws, regulations and orders of any governmental authority which may be applicable thereto and, notwithstanding any of the provisions hereof, the Company will not be obligated to issue any shares of stock hereunder if the issuance of such shares would constitute a violation of any such law, regulation or order or any provision thereof.

 

[Signature Page Follows]

 

 

  

  

  

IN WITNESS WHEREOF, the Company has caused this instrument to be executed in its name and on its behalf as of the date of grant of this Restricted Stock Award set forth above.

 

	  	  	
SUGAR CREEK FINANCIAL CORP.

	  	  	
By:

Its:

 

PARTICIPANT’S ACCEPTANCE

 

The undersigned hereby accepts the foregoing Restricted Stock Award and agrees to the terms and conditions hereof, including the terms and provisions of the Company’s 2015 Restricted Stock Plan.  The undersigned hereby acknowledges receipt of a copy of the Company’s 2015 Restricted Stock Plan.

 

	  	  	
PARTICIPANTExhibit 10.1

 

FIRST AMENDMENT TO

GRAND PERFECTA, INC.

CONVERTIBLE DEBENTURE

BEARING INTEREST AT
1% PER ANNUM

 

THIS FIRST AMENDMENT (“Amendment”)
to the Debenture in the principal amount of Two Hundred Million Japanese Yen (¥200,000,000) dated March 5, 2015 (the “Debenture”),
is entered into effective as of the 5th day of March 2016 (the “Effective Date”), by and between GRAND
PERFECTA, INC., a Nevada corporations (the “Company”), and EUROPLUS INTERNATIONAL LTD., (“Holder”),
with reference to the following:

 

RECITALS

 

A.On March 5, 2015,
the Company executed and delivered to Holder the Debenture and promised to pay to the order of Holder the principal sum of ¥200,000,000,
together with interest, as set forth in the Debenture.

 

B.The Company and
Holder now desire to amend the Debenture on the terms and conditions set forth below.

 

AGREEMENT

 

NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the Company
and Holder agree as follows:

 

1.Definitions.
Unless otherwise indicated herein, Company and Holder agree that all capitalized terms used in this Amendment shall have the definitions
assigned to such terms in the Debenture.

 

2.Amendment
to the Debenture. The Company and Holder agree that this Amendment constitutes an amendment to the Debenture. In the event
of any conflict or inconsistency between the terms of this Amendment and the terms of the Debenture, the Company and Holder agree
that the terms of this Amendment shall control.

 

3.Repayment
of Principal. On February 26, 2016, the Company made a payment to Holder in the amount of Thirty Million Japanese Yen (¥30,000,000),
which the parties agree is applied to the payment and reduction of the original principal amount of the Debenture.

 

4.Maturity Date.
The date of maturity of the Debenture stated in Section 2 of the Debenture is amended to extend the date of maturity of the Debenture
to the date that is six months from the Effective Date of this Amendment, subject to prepayment as set forth in paragraph 3 of
the Debenture.

 

5.Ratification.
Except as set forth herein, the Company and Holder agree that all of the terms and conditions contained in the Debenture shall
remain the same and in full force and effect, and the Debenture as amended by this Amendment, is hereby ratified and reaffirmed.

 

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6.Counterparts.
This Amendment may be executed in multiple counterparts, each of which shall be deemed an original but all of which together shall
constitute one and the same instrument. This Amendment may be delivered and executed by e-mail or facsimile.

 

IN WITNESS WHEREOF,
this Amendment was duly executed on the 2nd day of March 2016.

 

 

EUROPLUS INTERNATIONAL LTD.

 

 

By: /s/ Ayako Noda                                

Duly Authorized Officer

Ayako Noda

Represenative Director

 

 

 

GRAND PERFECTA, INC.

 

 

By: /s/ Shuya Watanabe                            

Duly Authorized Officer

Shuya Watanabe

CEO

 

 

 

 

 

 

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