Document:

ex44.htm

EXHIBIT 4.4

 

SOLAR THIN FILMS, INC.

116 John Street, Suite 1120

New York, New York 10038

 

October 25, 2010

 

Alan Roberts, Esq.

47 Aberdeen Drive

Huntington, NY 11743

Re: Compensation Agreement

Gentlemen:

 

This agreement will acknowledge that since September 1, 2009, Alan Roberts, Esq. has been acting as Special Counsel as of October 1, 2010, Solar Thin Films, Inc., a Delaware corporation (the "Company") and has rendered legal services to the Company in matters relating to litigation. This letter will acknowledge that the fair value of the services rendered by Mr. Roberts is $100,000 (the "Outstanding Obligations"). The Company is currently unable to make payments in cash of the foregoing Outstanding Obligations, and desires to have Mr. Roberts continue to provide legal services to the Company in connection with various matters. In order to induce the Consultant to continue to provide consulting services to the Company, and in satisfaction of a portion of the Outstanding Obligations, the undersigned parties hereby agree as follows:

 

1.           In lieu of cash payment(s) of $100,000, representing payment in full of all Outstanding Obligations and in consideration of the Consultant's risk in accepting stock in lieu of a cash payment, the Company shall issue to the Consultant an aggregate of 200,000 shares of Company common stock, par value $.01 per share (the "Shares");

 

2.           In accordance with applicable securities regulations, the Shares will be registered in the name of Alan Roberts, the sole legal and beneficial owner of such Shares.

 

3.           By not later than ten (10) days following the date of execution of this Compensation Agreement, the Company shall register the Shares under the Securities Act of 1933, as amended, by filing of a Registration Statement on Form S-8 with the Securities and Exchange Commission (the "SEC").

 

4.           Miscellaneous.

 

(a)           The Company represents, warrants and covenants to the Consultant that

	
(i)  

	The Company has been a reporting company under the Securities Exchange Act of 1934, as amended (the "Exchange Act") for more than fifteen years and since becoming a reporting company has been current in the filing of all forms or reports with the Securities and Exchange Commission ("SEC"). All such reports and statements filed by the Company with the SEC (collectively, "SEC Reports") did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstance under which they were made, not misleading.

 

	
(ii)  

	The shares of Company Common Stock are listed for trading on the FINRA OTC Bulletin Board stock exchange under the symbol "SLTZ.OB" No stop order, suspension notice or other communications or notice from the SEC, FINRA or other governmental agency or authority has been received by the Company or any of its officers, directors or other affiliates, which could reasonably be expected to result in the possibility that such shares of Company Common Stock could be delisted from trading on such stock exchange.

 

(b)           The Consultant represents warrants and covenants to the Company that

  

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(i)  

	
None of the services consultant has or will provide to the Company were in connection with the offer or sale of securities in a capital raising transaction

 

	
(ii)  

	
As of the date of this agreement, Consultant has not and will not in the future promote the Company's common stock or maintain a market for such common stock.

 

 

(c)           The Company further represents, covenants and warrants to the Consultant that The Company has disclosed all events, conditions and facts materially affecting the business, financial conditions or results of operation of the Company all of which have been set forth in the Company's Annual Report on Form 10-K for its fiscal year ended December 31, 2009, as filed with the SEC on April 15, 2010; and its quarterly reports on form 10-Q for the periods ending March 31, 2010, as filed with the SEC on May 24,2010, and for the period ending June 30,2010, as filed with the SEC on August 23, 2010, all of which are hereby incorporated by reference.

 

(d)           This Compensation Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and any of the parties hereto may execute this Compensation Agreement by signing such counterpart.

 

(e)           This Compensation Agreement shall be construed, interpreted and the rights of the parties determined in accordance with the laws of the State of New York. The parties designate all federal and state courts of record sitting in New York County, New York as forums where any claims in respect of or arising out of this Agreement, or the transactions contemplated by this Agreement shall be prosecuted as to all parties, their successors, assigns, and by the foregoing designations the parties consent to the jurisdiction and venue of such courts.

 

[Signatures appear on following page]

 

 

 

 

 

 

 

 

 

 

  

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Please acknowledge your acceptance of and agreement to the foregoing by signing and returning to the undersigned as soon as possible a counterpart of this Compensation Agreement.

 

 

 

	 	
Very truly yours,

	 
	 	 	 
	 	
SOLAR THIN FILMS, INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Robert M. Rubin    	 
	 	Name: 	Robert M. Rubin	 
	 	Title: 	CEO and CFO	 
	 	 	 	 

                                                  

ACCEPTED AND AGREED TO AS OF THE DATE FIRST

WRITTEN ABOVE:

 

/s/Alan Roberts

Alan Roberts Esq.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3ghn_ex1001.htm

Exhibit 10.1

 

CATERING SERVICE AGREEMENT

This catering service agreement (the “Agreement”) is made by and between,

Party A: Watts Valve Ningbo Co., Ltd., having its principle place of business at 536 Mingzhou Road West, Beilun, Ningbo, PRC

Party B: Ningbo Yiji Supply Chain Management Co., Ltd, having its principle place of business at Plant #11, 599 Hengshan Road West, Beilun, Ningbo, PRC

Party A and Party B shall be referred to hereinafter collectively the “Parties” or individually a “Party”.

After friendly discussion, the Parties agree as follows with respect to the provision of catering service by Party B for Party A’s employees at Party A’s cafeteria (the “Cafeteria”):

Article 1.  The Service, Service Term, and Main Terms and Conditions

1.1           The Service

	
(1)  

	
Party A shall inform Party B of the numbers of cafeteria customers in advance as follows:

	 	
Lunch

	
:

	
Before 9:30 a.m.

	 	
Dinner

	
:

	
Before 3:00 p.m.

	 	
Late night meal

	
:

	
Before 5:00 p.m.

	
(2)  

	
According to the number provided by Party A, Party B shall provide meals in line with the following requirements:

For Lunch (including two sets): Party B shall provide 11 dishes, including 5 meat dishes, 3 half-meat half-vegetable dishes and 3 vegetable dishes. Each Party A’s employee may choose one meat dish, one half-meat half-vegetable dish and one vegetable dish together with soup of the day and rice based on his/her personal taste.

For Dinner (including two sets): Party B shall provide 7 dishes, including 3 meat dishes, 2 half-meat half-vegetable dishes and 2 vegetable dishes. Each Party A’s employee may choose one meat dish, one half-meat half-vegetable dish and one vegetable dish according to his/her personal taste.

Fruit shall be provided on every Mondays and Fridays, adequate rice shall be provided every day.

 

 

  

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The price for each set of meal per the above standard is RMB7 per person.

	
(3)  

	
Party B shall be responsible for organizing and coordinating its own employees to provide catering service to Party A, and shall be solely responsible for its own profits and losses.

	
(4)  

	
Party B shall ensure that the food be supplied with adequate quantity and in warm and healthy condition.

1.2           Service Term

Six months, commencing on August 24, 2010 and ending on February 23, 2011.

1.3           Cafeteria Customers

Service shall be limited only to Party A’s employees.

1.4           Party B’s Entry into the Cafeteria

Party A shall carry out all necessary procedures to allow Party B to entry into the Cafeteria, make a checklist for all the existing facilities and equipments in the Cafeteria and hand them over to Party B.

1.5           Provision and Maintenance of the Facilities and Equipments

Party A shall be responsible for the provision of the facilities and equipments necessary for the Cafeteria. Party B shall be responsible for the provision of the utensils necessary for the catering service (such as trays, dishes, large soup containers). Party B shall be responsible for the collection and cleaning of soup containers and other utensils in the Cafeteria after each meal service. Party A shall be responsible for the maintenance and replacement of facilities and equipments due to design defect or normal wear and tear after delivery.

1.6           Service Hours and Settlement of Balance Due

	
(1)

	
Party B shall deliver the food to the Cafeteria located within Party A’s factory site at the time designate by Party A (lunch: 11.05a.m.; dinner: 16.50p.m.; and late night meal: N/A). Party A’s employees shall slide their dining pass-cards for catering service.

	
(2)

	
Party B shall check the account payable with Party A before the 24th day of every month according to the transaction history of the employees’ dining pass-cards. After confirmation, Party A shall pay the confirmed amount for that month by bank account transfer before the 10th day of the next month.

 

 

  

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Article 2.   Rights and Obligations of Party B

	
2.1  

	
Rights of Party B

	
(1)  

	
Party B has the right to manage and operate the Cafeteria at its own discretion, including organization and coordination of its employees, procurement of raw materials and formulation of cafeteria management rules.

	
(2)  

	
Party B’s employees are entitled to safety right and shall be treated equally.

	
(3)  

	
Party B is entitled to require the cafeteria customers to comply with the dining rules and keep the Cafeteria clean and hygienic.

	
(4)  

	
Party B has the right to refuse to provide catering service to any employee out of the stipulated service hours.

	
2.2  

	
Obligations of Party B

	
(1)  

	
Party B shall strictly comply with the Law of People's Republic of China on Food Hygiene, the Measures of Ningbo Municipality on the Administration of Catering Service and Food Hygiene together with Party A’s regulations in connection with safety, environment protection and hygiene, and establish a system of food hygiene administration to prevent the food hygiene accidents.

	
(2)  

	
The employees assigned by Party B shall pass the physical examination and hold the health certificates for work.

	
(3)  

	
Party B shall utilize and maintain the facilities and equipments provided by Party A in a correct and proper manner. In case any purchase of new facilities and equipments is needed, Party B may only purchase such facilities and equipments with Party A’s prior written consent.

	
(4)  

	
Party B must provide relevant management system assurance process to the satisfaction of the requirements of Party A’s the monitoring system.

Article 3.   Rights and Obligations of Party A

	
3.1  

	
Rights of Party A

	
(1)  

	
Party A has the right to check whether Party B complies with the regulations in relation to safety, environment protection and hygiene, to inspect at random the cafeteria hygiene, food quality and purchase invoices. For any non-compliance, Party A is entitled to require Party B to rectify it within specified time period.

	
(2)  

	
Party A has the right to relay cafeteria customers justified opinions and complaints to Party B, and require Party B to coordinate and resolve the said opinions and complaints properly.

	
(3)  

	
Party A has the right to consult with Party B regarding to the additional meal supply out of service hours.

	
(4)  

	
Party A has the right to ask Party B to assist Party A in its non-routine employee satisfaction survey. Party A has the right to terminate this Agreement if the overall satisfaction survey result is lower than 50% for three times.

	
(5)  

	
Party A has the right to check the food and the food hygiene administration system of Party B in accordance with Party A’s own criteria.

	
3.2  

	
Obligations of Party A

	
(1)  

	
Party A shall provide orientation trainings for the employees assigned by Party B including Party A’s regulation on safety, environment protection and hygiene.

	
(2)  

	
If the number of catering customs will increase or decrease by more than twenty (20), Party A shall notify Party B one day in advance to allow Party B to adjust accordingly.

 

  

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Article 4.   Modification, Cancellation and Termination of the Agreement

	
4.1  

	
The Agreement shall be binding upon both parties after taking effective. Neither party may modify or cancel this Agreement at its discretion. In the event that one Party deems any modification or termination of this Agreement necessary, it shall give a one-month prior notice to the other Party, and this Agreement will be so modified or terminated if the Parties enter into a new written agreement after consultation.

	
4.2  

	
If Party B is in breach of the provision of Article 2.2 (1) and has caused material food safety and hygiene accidents, Party A is entitled to terminate this Agreement without incurring any liabilities for breach of contract.

	
4.3  

	
If Party B’s employees’ safety is threatened in the Cafeteria, Party B is entitled to terminate this Agreement without incurring any liabilities for breach of contract.

	
4.4  

	
If Party B fails to satisfy the check-up requirements and cannot rectify non-compliance items within the one(1) month, Party A is entitled to terminate this Agreement.

Article 5.  Breach of Contact

	
5.1  

	
Liabilities for Party B’s Breach

	
(1)  

	
If Party B breaches the provision of Article 2.2 (1) herein and hair, thread or other similar inedible things (the “General Inedible Thing”) are found in any dish, Party B shall provide a new set of equivalent-value food free of charge or do not charge for the previous set of food, and then cease the sales of such dish immediately. If the General Inedible Things are found twice in the same dish within the same month, Party B shall put forward a written rectification plan to Party A.

	
(2)  

	
If Party B breaches the provision of Article 2.2 (1) herein and fly, cockroach, mosquito, glass, metal or other similar inedible things (the “Material Inedible Thing”) are found in any dish, Party B shall cease the sales of such dish immediately and put forward a written rectification plan to Party A.

	
(3)  

	
If Party B breaches the provisions of Article 2.2 (1) and Article 5.1(2) herein and has caused severe food safety and hygiene accidents, and if the competent health authority deems it is caused due to Party B’s default, Party B shall be liable as stipulated in Article 44 of the Law of the People's Republic of China on Product Quality, Article 41 and Article 42 of Law of the People's Republic of China on Protection of Consumer Rights and Interests.

	
(4)  

	
If Party B breaches the provision of Article 1.6 and fails to deliver the food by stipulated time due to such special circumstances as water and power failure and car broken, Party B shall give a reasonable prior notice and reschedule the time so as to prevent any delay of meal supply.

	
(5)  

	
If Party B breaches the provision of Article 2.2(3), if the facilities and equipments provided by Party A are lost or damaged due to Party B’s willful conducts or gross negligence, Party B shall be liable for the repair and compensate the losses sustained by Party A.

	
(6)  

	
If Party B breaches the provision of Article 4.1 and terminate this Agreement without causes, Party B shall pay RMB5,000 to Party A as liquidated damage.

	
5.2  

	
Liabilities for Party A’s Breach

	
(1)  

	
If Party A breaches the provision of Article 4.1 and terminate this Agreement without causes, Party A shall pay RMB5,000 to Party B as liquidated damage.

	
(2)  

	
If Party A breaches the provision of Article 3.2(2) and fails to inform Party B in advance, resulting in Party B’s failure to adjust meal supply to Party A’s employees, Party B shall not bear any responsibilities. Party A shall compensate Party B for any loss of incomes incurred therefrom.

	
(3)  

	
If Party A breaches the provision of Article 1.5 and fails to maintain or replace the facilities and equipments, Party B is entitled to maintain or replace the facilities and equipments at its discretion and the costs and expenses incurred therefrom shall be reimbursed by Party A.

 

 

  

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Article 6.   Miscellaneous

	
6.1  

	
Party B agrees to keep strictly confidential of all Party A’s information. Party B may only disclose such information to the employees whose knowledge of the information is required for providing services under this Agreement, and may use such information solely for the purpose of this Agreement.

	
Party A

	
Party B

	
SIGNED by

 

	
SIGNED by

 

	
Date

	
Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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