Document:

Exhibit 10.1

 

AGREEMENT

 

AGREEMENT made this 9th day of February 2006, by and between Capital
Financial Media, LLC., with its principal offices at 103 NE 4th
Street, Delray Beach, FL 33444 (“Capital”) and Advanced Cell Technology, Inc., with
offices at 11100 Santa Monica Blvd, Suite 850, Los Angeles, CA 90025 (the “Company”).

 

WHEREAS,
the Company is publicly held with a market for its securities; and

 

WHEREAS,
the Company desires to publicize itself with the intention of making its name
and business better known to potential shareholders and institutional
investors; and

 

WHEREAS,
Capital is preparing a direct mail piece to be distributed by Capital; and

 

WHEREAS,
Capital is in the business of public relations, direct mail advertising and
other related activities; and

 

WHEREAS,
Capital is willing to assist the Company by creating and distributing the mail
piece.

 

NOW THEREFORE,
in conclusion of the mutual covenants herein contained, it is agreed:

 

1.             Engagement.  The Company hereby engages Capital to:

 

a)  Prepare a mailing
package about the Company and to distribute the package to no less than 750,000
U.S. residents to states in which such mailing is permitted, based in part by
material and information furnished by the Company.

 

b)  The
Company represents that the information furnished to Capital is true, accurate
and not misleading and can be substantiated by information in the Company’s
public filings or on its website.

 

c)  Capital
assumes no responsibility for the accuracy of the information furnished to it
by the Company 

 

 

and is under no duty and is not being paid
to verify that the information furnished is not false and misleading or omits
to state any fact to ensure that the information distributed is not false,
misleading or deceptive.

 

2.             Assistance.  The Company acknowledges Capital will create
and distribute a report on the Company. 
Capital agrees to assist in additional report mailings, as requested,
based upon additional production budgets. 
All mail package disseminations paid for by the Company will be fully
disclosed (disclosing the amount and nature of compensation and associated
costs of the program and, where feasible, the compensation to be received by
Capital and/or any affiliate of Capital.)

 

3.             Preparation
of Report.  The Company will
cooperate fully and timely with Capital to supply all materials reasonably
requested by Capital to enable it to create and disseminate the report.  Because Capital will rely upon this
information in accepting the responsibility of distributing this mailing
package, the Company represents to Capital that all such information provided
by the Company shall be true, accurate, and complete and not misleading or
deceptive, in any respect.

 

4.             Company
Review.  No material about the
Company shall be distributed by Capital unless and until the Company has
reviewed all and only the factual information relating to the Company in the mail
package.  The Company will act diligently
and promptly in reviewing the factual information in the Direct Mail Package
submitted to it by Capital to enhance timely distribution of the materials and
will inform Capital in writing of any inaccuracies contained in the material
prepared prior to the projected publication and/or delivery dates.  The Company will acknowledge in writing that
certain factual information as it relates to the Company is correct.

 

5.             Program
Cost.  In consideration of the
services to be performed by Capital and various vendors and sub-contractors 

 

 

retained by it for printing, distributing,
including the costs of renting mailing lists, copy writers, data processing,
postage and other related costs, the Company agrees to pay Capital, which
includes payment of Capital’s overhead incurred and profit in connection with
performance of this Agreement, $690,000 as follows:

 

a)     a deposit of $100,000 to be paid on the
signing of this Agreement;

b)    $300,000 payable 2 weeks prior to first mail
date.

c)     $290,000 payable 3 days prior to first
mail date.

 

See Exhibit A
for funds delivery instructions and equity compensation.

 

6.             Disclaimer.  CAPITAL MAKES NO REPRESENTATION THAT: (A) THE
PUBLICATION AND DISTRIBUTION OF THE COMPANY’S MATERIAL WILL RESULT IN ANY
ENHANCEMENT TO THE COMPANY, (B) THE PRICE OF THE COMPANY’S PUBLICLY TRADED
SECURITIES WILL INCREASE, (C) ANY PERSON WILL BECOME A SHAREHOLDER IN THE
COMPANY AS A RESULT OF THE DISTRIBUTION, (D) ANY PERSON WILL LEND MONEY TO OR
INVEST IN THE COMPANY OR (E) THAT IT HAS VERIFIED ANY OF THE FACTUAL CONTENT OF
THE MAILING PACKAGE.

 

7.             Limitation
of Capital’s Liability. 
If Capital or its sub-contractors fails to perform its services
hereunder, the entire liability of Capital and its sub-contractors to the
Company shall not exceed the lesser of: (a) the amount of cash payment Capital
has received from the Company, excluding any non-refundable deposits and or (b)
the actual and direct damage to the Company as a result of such
non-performance.  IN NO EVENT WILL
CAPITAL OR ITS PRINCIPAL OR SUB-CONTRACTORS BE LIABLE FOR ANY INDIRECT, SPECIAL
OR CONSEQUENTIAL DAMAGES NOR FOR ANY CLAIM AGAINST THE

 

 

COMPANY BY ANY PERSON OR ENTITY ARISING
FROM OR IN ANY WAY RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
THEREBY. Notwithstanding the foregoing, the limitations discussed in this
Section 7 shall not apply in the event of Capital’s gross negligence or gross
misconduct.

 

8.             Ownership
of Materials.  All right, title
and interest in and to materials to be produced by Capital about the Company in
connection with the services to be rendered under this Agreement shall be and
remain the sole and exclusive property of Capital.

 

9.             Confidentiality.  Until such time as information or any
non-public portion thereof becomes publicly available, Capital agrees that any
information provided to it by the Company of a confidential nature will not be
revealed or disclosed to any person or entity, except in the performance of
this Agreement, and upon completion of its services and upon the written
request to it.  Capital will use its best
efforts to ensure that its sub-contractors are aware of this confidentiality
provision and will request them to comply with it, even though they are not
parties to this Agreement.

 

10.           Notices.  All notices hereunder shall be in writing and
addressed to the party at the address set forth below, or at such address as to
which written notice pursuant to this section may be given, and shall be given
by personal delivery, by certified mail (return receipt requested), Express
Mail, or by national overnight courier. 
If the Company is a non-resident of the United States, the equivalent
services of the postal system of the Company’s residence may be used.  Notices will be deemed given upon the earlier
of actual receipt or three (3) business days after being mailed or delivered to
such courier service.

 

 

11.           Notice
shall be addressed to Capital at:

 

Capital
Financial Media, LLC.

Attn: Brian
Sodi,

103 NE 4th Street

Delray Beach, FL 33444

(561) 272-0460

and to the Company at:

Advanced Cell Technology, Inc.

Attn: 
James Stewart

11000 Santa Monica Blvd., Suite 850

Los Angeles, CA 90025

 

Such addresses and notices may be changed at any time by either
party by utilizing the foregoing notice procedures.

 

12.           Compliance
with Law.  Capital shall have no
obligation to send any mailings to residents of states of the United States of
America in which the common stock of the Company cannot be secondarily traded
on a solicited basis.  The Company shall
furnish a list of permissible states to Capital within ten (10) days of the
furnishing of the initial retainer.  The
Company can supplement this list at any time up until five (5) days before the
initial mailing.  The Company and Capital
will agree upon the states on that list to which the mailings will be directed.  Capital will receive from counsel a legal
opinion stating that the mailing package and its disclaimer are in compliance
with 17(b) of the Securities Act of 1933. 
The legal opinion will also state that the Company could also rely on the
opinion as it relates to 17(b) of the Securities Act of 1933.

 

 

13.           Miscellaneous.

 

a)     Governing Law.  This agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of
Florida without regard to the principles of conflicts of law thereof.

 

b)    Arbitration and Venue in Florida.  The parties agree that any dispute arising
out of this Agreement or other transactions contemplated thereby shall be
arbitrated at the facilities of the American Arbitration Associate in Miami,
Florida.  Each party hereby irrevocably
submits to the non-exclusive jurisdiction of the State of Florida for any
appeal of the arbitration award.

 

c)     Multiple Counterparts.  This Agreement, including the agreement to
arbitrate, may be executed in multiple counterparts, each of which shall be
deemed an original.  It shall not be
necessary that each party execute each counterpart, or that any one counterpart
be executed by more than one party, so long as each party executes at least one
counterpart.

 

d)    Severability.  If any one or more of the provisions of this
Agreement shall be held invalid, illegal, or unenforceable, and provided that
such provision is not essential to the transaction provided for by this
Agreement, such shall not affect any other provision hereof, and this Agreement
shall be construed as is such provision had never been contained herein.

 

e)     Regulatory Acceptance.  If the stock of the Company is listed on a
foreign exchange(s), this Agreement shall be subject to its acceptance by such
exchange(s) to the extent required by the rules of such exchange(s).

 

f)     No Presumption Against Draftsman.  The parties acknowledge that each party and
its counsel have

 

 

participated
in the negotiation and preparation of this Agreement.  This Agreement shall be construed without
regard to any presumption or other rule requiring construction against the
party causing the Agreement to be drafted.

 

EXECUTED as a sealed instrument as of the date and year first above
written.

 

 

	
  Capital Financial Media, LLC

  	
  Advanced Cell Technology, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Brian Sodi

  	
   

  	
  By:

  	
  /s/ William M. Caldwell IV

  	
   

  
	
  Brian Sodi, Managing Member

  	
  William M. Caldwell IV, Chief Executive
  Officer

  
						

 

 

EXHIBIT A

Equity Compensation/Funds Delivery Instructions

 

The equity
compensation package to consist of 2 components:

 

1)     Issuance to Capital of a warrant to purchase 100,000
restricted common shares of the Company at a strike/exercise price of $2.54 for
a period of 24-months from the date of distribution of the mailing packages.
Option governed under the terms and conditions outlined below.

 

2)     Issuance to Capital of a warrant to purchase 100,000
restricted common shares of the Company at a strike/exercise price of $4.00 for
a period of 24-months from the date of distribution of the mailing packages
under the terms and conditions outlined below.

 

Capital may
exercise the warrant in whole or in part and may pay the exercise price (a) in
cash or (b) by cashless exercise, as follows:

 

Capital shall
notify warrant issuer together with a notice of cashless exercise, in which
event the warrant issuer shall issue to the warrant holder the number of shares
to be determined as follows:

 

X = Y (A-B)/A

Where:

X = the
number of shares to be issued to the option holder.

 

Y
= the number of shares with respect to which this warrant is being exercised.

 

A = the
average of the closing prices of the Common Stock for the five (5) Trading Days
immediately prior to (but not including) the Date of Exercise.

 

B = the
Exercise Price.

 

 

By Wire:

 

Wachovia Bank

1660 South Congress Avenue

Delray Beach, FL 33445

ABA # 063000021

Swift # PNBPUS33

Customer Name: Capital Financial Media

Customer Account #: 9986148113

 

 

By Check:

 

Capital Financial Media, LLC

Attn: Brian Sodi

103 NE 4th Street

Delray Beach, FL 33444

(561) 272-0460Exhibit 10.1

 

The DIRECTV Group, Inc.

Non-Employee Board of Directors Equity Compensation Program

2006 Award Terms and Conditions

 

This is a summary of the material terms and conditions of the 2006
Equity Award to independent directors. 
The 2004 DIRECTV Group, Inc. Stock Plan (the “Plan”) and Prospectus
govern the awards, receipt of which is hereby acknowledged, and is incorporated
herein by this reference.

 

	
  Term or Concept

  	
   

  	
  Explanation

  
	
   

  	
   

  	
   

  
	
  Company

  	
   

  	
  The DIRECTV Group, Inc.

  
	
   

  	
   

  	
   

  
	
  Eligibility

  	
   

  	
  Independent non-employee members of the DIRECTV Group Board of
  Directors

  
	
   

  	
   

  	
   

  
	
  Award Date

  	
   

  	
  February 7, 2006

  
	
   

  	
   

  	
   

  
	
  Awards

  	
   

  	
  4,000 DIRECTV Restricted Stock Units (RSUs or Units); upon vesting,
  distributed in DIRECTV (DTV) shares.

  
	
   

  	
   

  	
   

  
	
  Vesting

  	
   

  	
  •

  	
  Vesting refers to the time when you are eligible to receive your
  shares.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  •

  	
  25% of RSUs (1,000 RSUs) will vest each January 1, beginning
  January 1, 2007.

  
	
   

  	
   

  	
   

  	
   

  
	
  Share Distribution

  	
   

  	
  •

  	
  Upon vesting each January, the shares will be directly deposited into
  an account in your name at Computershare, the company’s Transfer Agent.
  Account statements will be distributed shortly thereafter.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  •

  	
  In its discretion, the Compensation Committee of the Board may settle
  unvested RSUs in cash.

  
	
   

  	
   

  	
   

  	
   

  
	
  Taxation

  	
   

  	
  •

  	
  Your award becomes taxable at the time of vesting, which is when
  you’ll receive your shares of DTV stock.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  •

  	
  No shares will be withheld for taxes upon vesting.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  •

  	
  Please consult with your personal tax or financial advisor for more
  information regarding the tax consequences of your award.

  
	
   

  	
   

  	
   

  	
   

  
	
  Impact of Resignation

  	
   

  	
  •

  	
  If you serve on the Board of Directors at least through the first
  calendar year in which the award is made, the RSUs will continue to vest on
  the normal schedule.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  •

  	
  If you resign, or if you are removed as a director, prior to the end
  of such calendar year, the RSUs are forfeited.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  •

  	
  If you die, all unvested RSUs will vest immediately and be
  distributed as soon as practicable.

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