Document:

Unassociated Document

Exhibit 10.18

 

REQUEST FOR FULL RECONVEYANCE

TO:           Griffiths & Turner / GT Title Services, Inc., Trustee

The undersigned represents and warrants that it is the holder and owner of the entire beneficial interest created by a Trust Deed, (the “Trust Deed”) dated as of September 17, 2010, given by Inter-Mountain Capital Corp., a Delaware corporation, to Griffiths & Turner / GT Title Services, Inc., as trustee for the benefit of World Series of Golf, Inc., a Nevada corporation, which Trust Deed was recorded September ___, 2010, as Entry No. _______________ in the official real property records of Wasatch County, Utah.  The undersigned also represents and warrants that it is the party entitled to the performance of all of the obligations described in the Trust Deed (the “Obligations”) and that it has not transferred, assigned or conveyed such Obligations or the debt secured by the Trust Deed.

All of the Obligations and conditions for reconveyance have been fully discharged and satisfied.  Accordingly, you are hereby requested and directed to cancel the Trust Deed and to reconvey, without warranty, to the person, persons, entity, or entities entitled thereto all of the estate now held by you under the same.

DATED _____________ ___, 20___.

 

	 	 
WORLD SERIES OF GOLF, INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ 	 
	 	Name: 	 	 
	 	Title: 	 	 
	 	 	 	 

  

 

 

STATE OF ____________             )

: ss

COUNTY OF ___________           )

The foregoing instrument was acknowledged before me this ____ day of __________ 20___ by _____________________, the ___________ of World Series of Golf, Inc., the signer of the above instrument, who duly acknowledged to me that he executed the same on behalf of such corporation.

 

 

	 	
 __________________________________________

Notary Publictibb8k10062010ex10_1.htm

                                                                

                                       

                               

                                                

	
                                                  

	
Exhibit 10.1

 

                                                         

 

  

       

 

 

September ____, 2010

 

[Name]

[Address]

[Address]

 

	
Re:

	
Offer Letter

 

Dear [Name]:

 

We are pleased to offer you continued employment pursuant to the terms of this letter agreement following the closing of the recapitalization of TIB Financial Corp. (the “Company”) and TIB Bank (the “Bank”) by North American Financial Holdings, Inc. (the “Transaction”) contemplated by the Investment Agreement dated as of June 29, 2010.  If you chose to accept our offer, the following terms shall apply:

 

	
●

	
Salary.  While you are employed by the Company, you will be paid a base salary at a rate no lower than that in effect on June 29, 2010.

 

	

●

	
Benefits.  While you are employed by the Company, you will continue to participate in employee benefit plans offered to the Bank’s employees generally.

 

	

●

	
Incentive Compensation.  While you are employed by the Company, you will be eligible to participate in the Bank’s incentive compensation programs which will be developed prior to year-end and will go into effect commencing January 1, 2011.

 

	

●

 

	
Employment and Change in Control Agreements.  If you have entered into an Employment Agreement (or amended Employment Agreement) and/or a Management Change in Control Severance Agreement, these agreements will terminate effective as of and immediately prior to the closing of the Transaction and afterwards be of no further force and effect and be superseded by this letter agreement.

 

	

●

 

	
Not a Change of Control.  Neither the Transaction nor the Investment Agreement will be considered a Change of Control, Change in Control, or other similar term for purposes of, nor will you be entitled to any acceleration or enhancement of benefits (including in respect of a post-Transaction termination) under, your Salary Continuation Agreement, if you have entered into such an agreement, and your Split Dollar Agreement, if you have entered into such an agreement.

 

	

●

	
Amendment.  This letter agreement shall constitute a written agreement amending each agreement between you and the Company and/or the Bank referenced above.

 

	

●

	
Employee at Will.  You will be an employee at will and this letter is not an agreement to continue your employment for any period of time.

 

	

●

 

	
Confidentiality Covenant.  You are aware and acknowledge that you have had and will in the future have access to confidential information by virtue of your employment with the Company and its affiliates.  You agree that, during the period of time that you are providing services to the Company and its affiliates, and thereafter subsequent to the termination of such services for any reason whatsoever, you have not and will not release or divulge any confidential information whatsoever relating to the company and its affiliates or to their businesses, to any other person or entity, without the prior written consent of the Company.  Confidential information does not include information that is available to the public or which becomes available to the public other than through a breach of this agreement on your part.  Also, you shall not be precluded from disclosing confidential information in furtherance of the performance of your services to the Company or to the extent required by any legal proceeding.

 

	

●

	
Governing Law.  This letter shall be governed by the laws of the State of Florida, without reference to principles of conflicts of law.

 

Please acknowledge your binding agreement to the terms set forth above by your signature below.

 

Sincerely,

 

 

/s/ Thomas J. Longe                     

Thomas J. Longe

Vice-Chairman, CEO and President

Chairman, TIB Bank

 

Acknowledged and Agreed:

 

/s/ [Name]                                                                                       

[Name]

 

/s/Roger Eugene Taylor                

Roger Eugene Taylor

Chairman and Chief Executive Officer, NAFH, Inc.tibb8k10062010ex10_2.htm

                                                 Exhibit 10.2

 

 

 

 

 

 

September __, 2010

 

Michael H. Morris

400 - 4th Avenue N

Naples, FL  34102

 

	
Re:

	
Offer Letter

 

Dear Michael:

 

We are pleased to offer you continued employment pursuant to the terms of this letter agreement following the closing of the recapitalization of TIB Financial Corp. (the “Company”) and TIB Bank (the “Bank”) by North American Financial Holdings, Inc. (the “Transaction”) contemplated by the Investment Agreement dated as of June 29, 2010.  If you chose to accept our offer, the following terms shall apply:

 

	
●

	
Position:  President an CEO Naples Capital Advisors; reporting To Roger Eugene Taylor.

 

	●	
Responsibilities:  Responsible for private banking and wealth management.

 

	
●

	
Salary.  While you are employed by the Company, you will be paid a base salary at a rate no lower than that in effect on June 29, 2010.

 

	●	
Benefits.  While you are employed by the Company, you will continue to participate in employee benefit plans offered to the Bank’s employees generally.

 

	●	
Incentive Compensation.  While you are employed by the Company, you will be eligible to participate in the Bank’s incentive compensation programs which will be developed prior to year-end and will go into effect commencing January 1, 2011.

 

	●	
Employment and Change in Control Agreements.  If you have entered into an Employment Agreement (or amended Employment Agreement) and/or a Management Change in Control Severance Agreement, these agreements will terminate effective as of and immediately prior to the closing of the Transaction and afterwards be of no further force and effect and be superseded by this letter agreement.

 

	
●

	
Not a Change of Control.  Neither the Transaction nor the Investment Agreement will be considered a Change of Control, Change in Control, or other similar term for purposes of, nor will you be entitled to any acceleration or enhancement of benefits (including in respect of a post-Transaction termination) under, your Salary Continuation Agreement, if you have entered into such an agreement, and your Split Dollar Agreement, if you have entered into such an agreement.

 

	●	
Amendment.  This letter agreement shall constitute a written agreement amending each agreement between you and the Company and/or the Bank referenced above.

 

	
●

	
Employee at Will.  You will be an employee at will and this letter is not an agreement to continue your employment for any period of time.

 

	●	
Confidentiality Covenant.  You are aware and acknowledge that you have had and will in the future have access to confidential information by virtue of your employment with the Company and its affiliates.  You agree that, during the period of time that you are providing services to the Company and its affiliates, and thereafter subsequent to the termination of such services for any reason whatsoever, you have not and will not release or divulge any confidential information whatsoever relating to the company and its affiliates or to their businesses, to any other person or entity, without the prior written consent of the Company.  Confidential information does not include information that is available to the public or which becomes available to the public other than through a breach of this agreement on your part.  Also, you shall not be precluded from disclosing confidential information in furtherance of the performance of your services to the Company or to the extent required by any legal proceeding.

 

	●	
Governing Law.  This letter shall be governed by the laws of the State of Florida, without reference to principles of conflicts of law.

 

Please acknowledge your binding agreement to the terms set forth above by your signature below.

 

Sincerely,

 

/s/ Thomas J. Longe              

Thomas J. Longe

CEO and President

 

Acknowledged and Agreed:

 

/s/ Michael H. Morris                                                                        

Michael H. Morris

 

/s/ Roger Eugene Taylor                   

Roger Eugene Taylor

Chairman and Chief Executive Officer, NAFH, Inc.

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