Document:

ex10-10_1.htm

EXHIBIT 10.10.1

 

AMENDMENT NO. 1

TO THE

GEORGIA-CAROLINA BANCSHARES, INC. DIRECTORS EQUITY INCENTIVE PLAN

Georgia-Carolina Bancshares, Inc., a Georgia corporation (the “Company”), hereby amends (the “Amendment”) the Georgia-Carolina Bancshares, Inc. Directors Equity Incentive Plan (formerly the Directors Stock Purchase Plan) (the “Plan”), as amended and restated effective October 26, 2009, as set forth herein.

1. Background Information. The Company established the Plan effective as of June 2001, and amended and restated the Plan effective as of October 26, 2009. Section 10 of the Plan provides that the Company may, at any time, modify the Plan. The board of directors of the Company wishes to modify the Plan as set forth in this Amendment to provide for a revised purchase price of the common stock, $.001 par value of the Company that is available for sale to eligible participants under the Plan.

2. Amendment to Section 5(b) – Purchase Price of Plan Shares. Section 5(b) of the Plan is hereby deleted in its entirety and replaced with the following:

“(b) Purchase Price of Plan Shares.

The purchase price of each share of Common Stock (the “Purchase Price”) purchased with Directors’ Fees shall be equal to eighty five percent (85%) of the average closing market price of the Common Stock quoted on the Over-the-Counter Bulletin Board (or other national quotation service) for the ten business days prior to the last trade of the Company’s Common Stock reported prior to the Investment Date (defined in Section 5(c) below); provided, however, that if the Company’s Common Stock is not quoted on a national quotation service but is registered on a national securities exchange, “Purchase Price” shall mean eighty five percent (85%) of the average closing market price of the Company’s Common Stock on such national securities exchange for the ten business days prior to the last trade of the Company’s Common Stock reported prior to the Investment Date; and further provided, that if shares of the Company’s Common Stock are not quoted on a national quotation service or registered on a national securities exchange, then “Purchase Price” shall mean eighty five percent (85%) of the fair market value of the Company’s Common Stock on the Investment Date as determined by the Committee, acting in good faith.

IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed on this 23rd day of January, 2012.zntr_ex101.htm

EXHIBIT 10.1

 

 

  

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	 	ZENTRIC (HK) LIMITED
	 
	Suite 17, B1.1, 63-85 Turner Street
	Port Melbourne, Victoria 3207
	Voice: +613 9646 6641
	Facsimile: +613 9012 4404
	Email: info@zbatt.com
	 	 
	 	Date: March 20, 2012

 

REF:           ZNTR-HK-MEI-EPC-120320

 

To:

Mr. S. Chin KIM, CEO MATINEE ENERGY INC.

335 Wilmot Drive, Ste 200

Tucson, Arizona, 85711

USA

 

Dear Mr. Kim,

 

RE:           CONFIRMATION TO ISSUE PRESS RELEASE AS PER OUR EPC AGREEMENT DATED JANUARY 7, 2012

 

The EPC agreement dated January 7, 2012 was suspended until further confirmation on the Chinese solar module supplier’s confirmation of stock for delivery from China for our project in US.

 

We have now received confirmation from the solar module supplier’s schedule, thus meeting our commitment for solar module supply for the first 20 MW solar modules as specify on this EPC agreement, thus this EPC Agreement becomes effective as of March 20, 2012 after meeting the conditions as stated on the EPC Agreement dated January 7, 2012.

 

We have received your permission on March 16, 2012 based on item 11 under the heading, Publicity of the EPC Agreement dated January 2012 to issue a jointly approved press release ZenHK-PR-307[v2][1] V3- EDITED (attached in this letter as an attachment) on March 20, 2012 at 0900 hours New York, USA.

 

As this is a significant event in our company, our holding company, Zentric Inc. (OTCBB: ZNTR) will comply under the SEC requirement in issuing an 8K filing today on the EPC Agreement.

 

We are looking forward to the success completion of this project within the time frame scheduled on this agreement.

 

 

	Yours sincerely,	 
		 
	William Tien	 
	President	 
	
ZENTRIC (HK) LIMITED

	 

 

 

 8gfgi_ex1091.htm

EXHIBIT 10.9.1

 

 

 

MODIFICATON AND EXTENSION AGREEMENT OF GAME FACE GAMING INC

POKER LICENSE AGREEMENT

THIS MODIFICATION AND EXTENSION AGREEMENT (‘Agreement’) is executed as of the 15th day of April, 2011, between GAME FACE GAMING , (GFG) A Florida Registered Corp (COMPANY, OR ORGANIZATION THAT HAS LICENSED THIS SOFTWARE) on March 1, 2011, AND ATLAS SOFTWARE USA INC with an address of, P.O. Box 157 Marlboro, NJ 07746. (“YOU” or “CUSTOMER”)

 

RECITALS

 

	
1.  

	
GFG and the Customer entered into a Software License Agreement on March 1, 2011.

 

	
2.  

	
Section 6 of the Agreement stated that the Customer would pay 50% or $55,000 as a down payment on the License. That payment was made and received by GFG.

 

	
3.  

	
Section 6 further delineated two additional payments. A payment representing 25% or $27,500 is due and payable on or about by April 15th, 2011.

 

Given the turmoil in the online Poker industry surrounding Black Friday (April 15, 2011), and given that the Customer needs more time to decide if it wishes to proceed with the License due to their business model and current new legislation guidelines and given that GFG has advised the Customer that it plans some redesigns of its platform to accommodate alternative membership models the parties wish to amend the License Agreement dated March 1, 2011 between them. For good and valuable consideration, the parties agree as follows:

 

	
1.  

	
GFG will retain the $55,000 paid by the Customer upon signing of the Agreement. Customer acknowledges that GFG has delivered to its satisfaction the current version of its Software as stated in the original contract dated 3-1-2011.

 

	
2.  

	
GFG will have the option to provide Customer with a redesigned membership model platform vs. a rake model, within 24 months of this modified agreement.

 

	
3.  

	
The second payment will not become due until 60 days after the completion of Beta testing and the code moved to Production Server\s of an online poker room membership model.

 

	
4.  

	
The third payment will become due sixty (60) days later.

 

All other terms of the License Agreement remains in full fore and effect. IN WITNESS THEREOF, each of the parties have executed this modification Agreement as of this 29th Day of April 2011.gfgi_ex10101.htm

EXHIBIT 10.10.1

 

 

 

MODIFICATION AND EXTENSION AGREEMENT OF GAME FACE GAMING INC

POKER LICENSE AGREEMENT

THIS MODIFICATION AND EXTENSION AGREEMENT (‘Agreement’)is executed as of the 15th day of April, 2011, between GAME FACE GAMING,(GFG) A Florida Registered Corp (COMPANY, OR ORGANIZATION THAT HAS LICENSED THIS SOFTWARE ) on March 3, 2011, AND PRODIGIOUS

CAPITAL GROUP LLC. With addresses in Brooklyn NY AS (“YOU” or “CUSTOMER”)

 

RECITALS

 

	
1.  

	
GFG and the Customer entered into a Software License Agreement on March3, 2011.

 

	
2.  

	
Section 6 of the Agreement stated that the Customer would pay 50% or $50,000 as a down payment on the License. That payment was made and received by GFG.

 

	
3.  

	
Section 6 further delineated two additional payments. A payment representing 25% or $25,000 is due and payable on or about by July 1st, 2011 and an additional payment of 25% or $25,000 is due upon completion of the beta testing on or about Sept. 1st, 2011.

 

Given the turmoil in the online Poker industry surrounding Black Friday (April 15, 2011), and given that the Customer need more time to decide if it wishes to proceed with the License due to their business model and current new legislation guidelines and given that GFG has advised the Customer that it plans some redesigns of its platform to accommodate alternative membership models the parties wish to amend the License Agreement dated March 3, 2011 between them. For good and valuable consideration, the parties agree as follows:

 

	
1.  

	
GFG will retain the $50,000 paid by the Customer upon signing of the Agreement. Customer acknowledges that GFG has delivered to its satisfaction the current version of its Software as stated in the original contract dated 3-3-2011.

 

	
2.  

	
GFG will have the option to provide Customer with a redesigned membership model platform vs. a rake model, within 24 months of this modified agreement.

 

	
3.  

	
The second payment will not become due until 60 days after the completion of Beta testing and the code moved to Production Server/s of an online poker room membership model.

 

	
4.  

	
The third payment will become due sixty (60) days later.

 

All other terms of the License Agreement remain in full force and effect. IN WITNESS THEREOF, each of the parties have executed this Modification Agreement as of this 25th Day of April 2011.ex1030.htm

 

Exhibit 10.30

Chyron Corporation

Non-Employee Director Compensation Policy

 

The following is a description of the standard compensation arrangements under which Chyron Corporation’s (the “Company”) non-employee directors will be compensated for their service as Directors, including as members of the various committees of the Company’s Board of Directors (the “Board”).   This new policy was approved by the Board of Directors at their meeting on December 9, 2009 and will continue in effect until modified by the Board.  Under this policy there are two compensation components, cash and Restricted Stock Units (“RSUs”).

	  	 	
Cash fees(1)

	 	 	
Dollar Value of

RSUs to be

awarded(2)

	 
	
Annual fee to each non-employee Director

	 	$	20,000	 	 	$	30,000	 
	
Additional annual fees:

	 	 	 	 	 	 	 	 
	
Chairman of the Board

	 	$	15,000	 	 	$	15,000	 
	
Chairman of the Audit Committee

	 	$	5,000	 	 	$	5,000	 
	
Chairman of the Compensation Committee

	 	$	5,000	 	 	$	5,000	 
	
Chairman of the Nominating and Governance Committee

	 	$	5,000	 	 	$	5,000	 

 

	
(1)

	
All cash fees will be paid in four quarterly installments following each quarter of service. Non-employee directors will also be reimbursed for their out-of pocket expenses incurred in attending meetings. No per meeting attendance fees will be paid.

 

	
(2)

	
The dollar value of RSUs is the dollar value assigned to the RSUs portion of Director compensation. This amount is used to compute the number of RSUs to be awarded to Directors. In January of each year, Directors will be awarded RSUs for the coming year of service. Vesting of the RSUs will occur in the following January on the condition that the Director is still serving on the Board on the vesting date. The number of RSUs to be awarded to each Director will be equal to the dollar value of RSUs amount for each individual Director divided by the average closing market price of the Company’s common stock for the 20 trading days preceding the December Board meeting preceding the January award.

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