Document:

Exhibit 10.31

 

Pursuant to the unanimous vote of the Board of
Directors (“Board”) of Information Services Group, Inc. on March 7,
2008, in order to permit the granting of equity awards by committees of the
Board, subject to certain limitations, the Board agreed to amend Section 4(a) of
the 2007 Information Services Group, Inc. Equity Incentive Plan by adding
the following proviso to the end of such section:

 

“; provided,
further, however, that the Board may, to the extent permitted under
applicable law, delegate such power and authority, otherwise delegated to the
Committee, to any committee of the Board, including a committee composed of a
member of the Board, to grant equity-based awards to certain employees of ISG
pursuant to the terms of the Plan, other than any “directors” or “officers” of
ISG as defined under Section 16 of the Act or any “covered employees” as
defined under Section 162(m) of the Code.”Exhibit 10.13

 

FORM OF FIRST AMENDMENT TO

MANAGEMENT STOCKHOLDERS AGREEMENT

 

FIRST AMENDMENT TO THE MANAGEMENT
STOCKHOLDERS AGREEMENT (this “Amendment”), dated as of December 20,
2007, among MYR Group Inc. (the “Company”) and signatories party hereto.

 

W I T N E S S E T H:

 

WHEREAS, the parties hereto have entered into
a Management Stockholders Agreement, dated March 10, 2006 (the “MSA”),
among the Company and the parties signatory thereto, as amended and
supplemented by the Addendum thereto, dated as of June 20, 2007, in order
to set forth their understandings regarding their continuing ownership of the
Company and regarding certain of the Company’s continuing operations;

 

WHEREAS, in connection with the proposed
offering of common stock by the Company to certain investors in a transaction
exempt from the registration requirements of the Securities Act of 1933, as
amended (the “Offering”), the Company desires to amend the MSA in order
to, among other things, eliminate the requirement that it redeem Common Stock
owned by a Management Stockholder upon the termination of such Management
Stockholder’s employment with the Company and to amend the registration rights
provided in the MSA;

 

WHEREAS, as consideration for executing this
Amendment, the Company has provided the Management Stockholders with certain benefits,
including the acceleration of the time vesting requirements with respect to Options
held by each Management Stockholder and redemption of up to 10% of the Shares
owned by each Management Stockholder and up to 25% of the stock underlying Options
held by each Management Stockholder upon the consummation of the Offering;

 

NOW, THEREFORE, in consideration of the
foregoing and for other good and valuable consideration, the receipt of which
is hereby acknowledged, the Company and each of the signatories party hereto mutually
agree as follows:

 

1.             CAPITALIZED
TERMS.  Capitalized terms used herein
without definition shall have the meanings assigned to them in the MSA.

 

2.             ELIMINATION
OF RIGHT OF FIRST REFUSAL. Section 2.5 of the MSA is hereby deleted in its
entirety from the MSA and shall have no further force or effect whatsoever.

 

3.             ELIMINATION
OF DRAG ALONG RIGHTS.  Section 2.6
of the MSA is hereby deleted in its entirety from the MSA and shall have no
further force or effect whatsoever.

 

4.             ELIMINATION
OF COMPANY REDEMPTION OBLIGATION.  Section 2.7
of the MSA is hereby deleted in its entirety from the MSA and shall have no
further force or effect whatsoever.

 

5.             PIGGYBACK
REGISTRATION.  The MSA is hereby amended
by deleting Section 3.1 in its entirety from the MSA and replacing such
deleted text with the following:

 

1

 

                3.1          Piggyback
Registration.  Subject to
the terms of this Agreement, in the event the Company chooses to Register any
of its Common Stock other than a Registration in connection with an initial
public offering by the Company, prior to the date 10 years after the date of
this Agreement, on a form that is suitable for a Registration involving Registrable
Securities, the Company will: (i) promptly give each Management
Stockholder written notice (the “Company Notice”) thereof, and (ii) include
in such Registration (and any related qualification under Blue Sky laws or
other compliance), and in any underwriting involved therein, all Registrable
Securities specified in a written request delivered to the Company by any
Management Stockholder within 15 days after deliver of the Company Notice.  Notwithstanding the foregoing, in the event
that the Company chooses to Register any of its Common Stock in connection with
an underwritten offering of such Common Stock, to be distributed (on a firm
commitment basis) by or through one or more underwriters of recognized standing
under underwriting terms appropriate for such a transaction, and the managing
underwriter of such offering shall advise the Company that, in its judgment,
the number of shares of Common Stock proposed to be included in such offering
should be limited, then the Company will promptly advise each such Management
Stockholder requesting inclusion of their Registrable Securities in such
Registration thereof, and the shares of Common Stock to be included in such Registration
shall be allocated first, to the
Company and second, to each of the Management Stockholders
requesting inclusion of their Registrable Securities in such Registration on a pro rata basis based upon the number of Registrable
Securities requested to be Registered by each such Management Stockholder.

 

6.             CONSTRUCTION.  This Amendment shall be governed by and
construed and interpreted in accordance with the laws of the State of Delaware,
without regard to principles of conflict of laws.

 

7.             COUNTERPARTS.  This Amendment may be executed in various
counterparts which together shall constitute one and the same instrument.

 

8.             CAPTIONS.  The captions included in this Amendment are
included solely for convenience of reference and are not to be considered a
part of this Amendment.

 

[Signature Pages Follow]

 

 

2

 

IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be duly executed as of the date first above written.

 

	
   

  	
  MYR
  GROUP INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  WILLIAM A. KOERTNER

  
	
   

  	
   

  	
  Name:
  

  	
  William
  A. Koertner

  
	
   

  	
   

  	
  Title:

  	
  President
  and Chief Executive Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  MYR
  GROUP HOLDINGS, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  DANIEL R. REVERS

  
	
   

  	
   

  	
  Name:
  

  	
  Daniel
  R. Revers

  
	
   

  	
   

  	
  Title:
  

  	
  Managing
  Partner of ArcLight Capital Holdings, L.L.C., Manager of ArcLight PEF GP II, LLC,
  General Partner of ArcLight Energy Partners Fund II, LP, sole member and
  manager of MYR Group Holdings, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  MYR
  GROUP HOLDINGS II, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  DANIEL R. REVERS

  
	
   

  	
   

  	
  Name:
  

  	
  Daniel
  R. Revers

  
	
   

  	
   

  	
  Title:
  

  	
  Managing Partner of
  ArcLight Capital Holdings, L.L.C., Manager of ArcLight PEF GP II, LLC,
  General Partner of ArcLight Energy Partners Fund II, LP, sole member and
  manager of MYR Group Holdings, LLC

  
					

 

3

 

	
   

  	
  [MANAGEMENT
  STOCKHOLDER]

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Date:

  	
   

  
	
   

  	
  Address:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

4Filed by Automated Filing Services Inc. (604) 609-0244 - Itonis, Inc. - Exhiibt 10.1

EXHIBIT 10.1

FIRST AMENDMENT TO AGREEMENT FOR PURCHASE AND SALE OF

OWNERSHIP INTERESTS

     THIS FIRST AMENDMENT TO
AGREEMENT FOR PURCHASE AND SALE OF OWNERSHIP INTERESTS (the “Agreement”) is
made and entered on this the 5th day of March, 2008, by and between
Niu Zhengping and Wu Jiping, individually (collectively, the “SELLER”), whose
address is Taipingjiayuan Building #1, APT103, Changping Dist., Beijing 102218,
P.R.China, and ITonis, Inc., a Nevada corporation (the “BUYER”), whose address
is 2804-05 Shui on Centre, 6-8 Harbour Road, Hong Kong, S.A.R., Peoples Republic
of China.

WITNESSETH:

     WHEREAS, the SELLER is the
owner of a company in the Peoples Republic of China known as Beijing Tuo Jiang
Culture Development Ltd. (the “Company”).

     WHEREAS, BUYER and SELLER
entered into an agreement dated January 15, 2008 under which SELLER agreed to
sell one hundred percent (100%) of the issued and outstanding ownership
interests in the Company to BUYER (the “Agreement”). 

     WHEREAS, BUYER and SELLER
have agreed to adjust the Purchase Price, the assets to be included within the
Company at Closing, and the payment schedule for the payment of the Purchase
Price. 

     WHEREAS, BUYER and SELLER
desire to have this First Amendment serve as their mutual agreement to revise
the Agreement.

     NOW, THEREFORE, in consideration
of the premises and the mutual covenants and obligations herein contained, the
parties agree as follows:

     1. Paragraph 3 of the Agreement
  is hereby amended on its entirety to read as follows:

     3. PURCHASE
PRICE. The purchase price for the Ownership Interests shall be the
amount of Six Hundred Ten Thousand and no/100 Dollars ($610,000), payable and
satisfied by BUYER as follows (the “Purchase Price”): 

	 	(a) 	
      Upon execution of this Agreement through the issuance by
      SELLER to BUYER of One Million (1,000,000) shares of common stock in the
      BUYER (the “ITonis Stock”).

	 	 	 
	 	(b) 	
      At Closing (herein defined), the issuance by BUYER to
      SELLER of a promissory note in the total sum of Six Hundred Ten Thousand
      and no/100 Dollars ($610,000) in the form attached
below:

PROMISSORY NOTE

	Borrower: 	ITonis, Inc., a Nevada corporation 
	 	 
	Lender: 	Niu Zhengping and Wu Jiping , individually 

1

Principal Amount: $610,000.00

	 	1. 	
      FOR VALUE RECEIVED, Borrower promises to pay Lender, the
      principal sum of six hundred ten thousand ($610,000.00) USD, without
      interest.

	 	 	 
	 	2. 	
      This Note will be repaid as follows: Eighty Thousand
      Dollars ($80,000) on March 15, 2008, One Hundred Eighty Thousand Dollars
      ($180,000) on April 1, 2008, and the remainder in consecutive monthly
      installments of Fifty Thousand Dollars ($50,000.00) each on the 1st day of
      each month commencing May 1, 2008 until paid.

	 	 	 
	 	3. 	
      If Borrower defaults in payment after demand for thirty
      (30) days, the entire Note will be immediately due and payable.

	 	 	 
	 	4. 	
      In cases of any dispute arising out of or in connection
      with the repayment of this Note, the two Parties hereto shall work out a
      reasonable settlement through amicable discussions amongst themselves. If
      no settlement can be reached after amicable discussions, the case under
      dispute shall be referred to arbitration. The case shall be finally
      settled by a panel of three (3) arbitrators, with arbitration in Hong Kong
      in accordance with Hong Kong law. Each Party shall pick their own
      arbitrator; and each of these two (2) arbitrators shall mutually pick the
      third arbitrator who shall be neither Chinese nor American. The decision
      rendered by the arbitrator(s) shall be final and binding upon all parties
      involved; the two Parties have hereby agreed to be subordinated to such
      decision.

	 	 	 
	 	5. 	
      All costs, expenses and expenditures including, and
      without limitation, the complete legal costs incurred by Lender in
      enforcing this Note as a result of any default by Borrower, will be added
      to the principal then outstanding and will immediately be paid by
      Borrower.

	 	 	 
	 	6. 	
      This Note will inure to the benefit of and be binding
      upon the respective heirs, executors, administrators, successors and
      assigns of Lender. Borrower waives presentment for payment, notice of
      non-payment, protest and notice of protest.

	 	 	 
	 	7. 	
      This Note is executed in connection with that certain
      Agreement for Sale and Purchase of Ownership Interests between Lender and
      Borrower dated January 15, 2008, and repayment under this Note is
      expressly conditioned upon Lender fulfilling its obligations, and not
      being in default under, this Agreement.

IN WITNESS WHEREOF Borrower has duly affixed its signature by a
duly authorized officer on this 25th day of January, 2008.

ITONIS, INC.
A Nevada corporation

	 	 
	Signature 	 
	Name: Thomas Roberts 	 
	Its: President and CEO 	 

2

		2. 	 Paragraph 4g of the Agreement is hereby amended
        on its entirety to read as follows:

	 	 	 	 	 
			g. 	 Financial Statements. SELLER has furnished
        or shall furnish to BUYER the financial statements, a pro forma sheet,
        books and records for the Company’s operations and, to the best of
        SELLER’S knowledge, these statements, books and records are accurate
        and reflect a true picture of the financial condition of the Company as
        of the date of the documents. In particular, the financial statements
        state that the sum of Three Hundred Thousand Dollars ($300,000) is on
        deposit in the bank account of the Company, and shall be included as part
        of the purchase and sale of the Ownership Interests by BUYER. SELLER agrees
        that such funds shall be immediately available to BUYER upon execution
        of this Agreement, and SELLER will accept BUYER’s written instructions
        for the use and payment of such funds in the PRC from and after the date
        of execution of this Agreement. Also included in the financial statements
        are two vehicles, with a value of one hundred thousand dollars ($100,000).
        Since the date of the Financial Statements, the Company has not incurred
        any obligations or liabilities, absolute, contingent, accrued or otherwise,
        except current liabilities in the ordinary course of business nor has
        it cancelled any debt or claim nor sold or transferred any assets except
        sales from inventory in the ordinary course of business nor suffered any
        damage, destruction or loss materially effecting its properties, business
        or prospects nor waived any rights of substantial value or entered into
        any transaction other than in the ordinary course of business.
	 
	 	 	 	 	 
		3. 	 MISCELLANEOUS.

	 	 	 	 	 
	A. 	 Except as expressly set forth herein, in all
        other respects the Agreement shall remain in full force and effect

	 	 	 	 	 
	B. 	 If any provision of this First Amendment shall
        be judicially determined to be invalid, illegal or unenforceable, the
        validity, legality and enforceability of the remaining provisions thereof
        shall not in any way be affected or impaired thereby.

	 	 	 	 	 
	C. 	 This First Amendment may be executed in any
        number of counterparts, which taken together shall constitute one and
        the same document.

	 	 	 	 	 
	D. 	 Terms not otherwise defined in this First
        Amendment shall have the same meaning as in the Agreement.

3

     IN WITNESS WHEREOF, the
parties have caused this First Amendment to be duly executed the day and year
first above written.

	SELLER: 	 	BUYER: 
	  	 	ITONIS, INC. 
	  	 	A Nevada corporation 
	  	 	  
	  	 	  
	/s/ Niu
      Zhengping 	 	/s/
      Thomas Roberts 
	Niu Zhengping, individually 	 	Signature 
	  	 	Name: Thomas Roberts 
	  	 	  
	  	 	  
	/s/ Wu
      Jiping 	 	  
	Wu Jiping, individually 	 	  

4

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