Document:

Form of CDW (Management) Restricted Debt Unit Grant Notice and Agreement

 Exhibit 10.24 

FORM OF 

CDW RESTRICTED DEBT UNIT PLAN 

(MANAGEMENT) 

RESTRICTED DEBT UNIT GRANT NOTICE AND AGREEMENT 

To: [NAME] (referred to herein as “Grantee” or “you”) 

CDW LLC (the “Company”) is pleased to confirm that you have been granted Restricted Debt Units (“RDUs”), as defined in the CDW
Restricted Debt Unit Plan (the “Plan”), effective March 10, 2010 (the “Grant Date”). 
 1.
Acceptance of Terms and Conditions. To be eligible to receive the RDUs, you must sign this Restricted Debt Unit Grant Notice and Agreement (this “Agreement”) and return it by March 29, 2010. By signing this Agreement, you agree
to be bound by the terms and conditions herein and in the Plan, and you further acknowledge and agree that the RDUs do not confer any legal or equitable right (other than those rights constituting the RDUs themselves) against the Company or any
subsidiary directly or indirectly, or give rise to any cause of action at law or in equity against the Company. 
 2. Grant
of RDUs. Subject to the restrictions, limitations, terms and conditions specified in the Plan and this Agreement, the Company hereby grants you as of the Grant Date [NUMBER] RDUs. The RDUs represent a fractional share of a hypothetical pool (the
“Debt Pool”) of $28.5 million principal amount of the Company’s Senior Subordinated Debt or Replacement Assets, each as defined in the Plan. Your fractional share of the Debt Pool is [PERCENT] (calculated by dividing the number of
RDUs you have been granted by the 28,500 RDUs available for issuance under the Plan). 
 3. Vesting. Subject to the
exceptions outlined in this Paragraph 3, you shall become vested in your RDUs daily on a pro rata basis over the three-year period commencing on January 1, 2012 and continuing through December 31, 2014 if, and only if, you are and have
been continuously (except for any absence for vacation, leave, etc. in accordance with the Company’s or any of its subsidiaries’ policies) (a) employed by the Company or any its subsidiaries; or (b) serving as a member of the
Board of Directors or Board of Managers (a “Director”) of the Company or any of its subsidiaries. You shall become fully vested in your RDUs upon a Sale of the Company (as defined in the Plan) if you are then employed with the Company or
any of its subsidiaries. If your employment or service as a Director terminates for any reason, you shall forfeit any unvested RDUs (and any interest payments associated with those RDUs following such date of termination). Notwithstanding any of the
foregoing to the contrary, upon termination of employment or service as a Director due to death or Disability (as defined in the Plan), you shall receive (x) the vested percentage through your termination date determined pursuant to the
schedule above; and (y) accelerated vesting on an additional 20% of your RDUs (vested percentage plus accelerated vesting capped at 100%). 

4. Interest Component Payment Eligibility. As long as you are, on an Interest Payment Date, and have been continuously
(except for any absences for vacation, leave, etc. in accordance with the Company’s or any of its subsidiaries’ policies) (a) employed by the Company or any of its subsidiaries; or (b) serving as a Director through such Interest
Payment Date, you shall be eligible to receive payment of the interest component due on that date with respect to your vested and unvested RDUs. Subject to Paragraph 5 hereof, if your employment or service as a Director terminates for any reason,
(x) you shall continue to receive interest component payments with respect to vested RDUs; and (y) your right to receive interest component payments with respect to unvested RDUs shall terminate. Subject to Paragraph 5 hereof, if your
employment or service as a Director terminates for any reason between Interest Payment Dates, you shall receive a pro rata interest payment with respect to unvested RDUs for the period ending on such termination date. 

 Subject to Paragraph 5 hereof, (a) if you are, on December 31, 2011, and have been
continuously (except for any absences for vacation, leave, etc. in accordance with the Company’s or any of its subsidiaries’ policies) (i) employed by the Company or any of its subsidiaries, or (ii) serving as a Director through
December 31, 2011, you shall be eligible to receive payment of the interest that has accrued on your vested and unvested RDUs pursuant to Section 5.2(a) of the Plan; and (b) if your employment or service as a Director terminates for
any reason on or before December 31, 2011, you shall forfeit the right to any interest that has accrued pursuant to Section 5.2(a) of the Plan. Notwithstanding any of the foregoing to the contrary, subject to Paragraph 5 hereof, upon a
termination due to death or Disability (as defined in the Plan), you shall receive interest that has accrued pursuant to Section 5.2(a) of the Plan with respect to your vested and unvested RDUs up to and including the date of your termination
and such interest only with respect to your vested RDUs from the date of your termination through December 31, 2011, with payment for such accrued interest in January 2012. 

5. Forfeiture and Recoupment. In the event of Wrongful Conduct, as defined below, (a) all RDUs held by you (whether or not
vested, and including any interest payments not yet paid) shall automatically be cancelled without any consideration paid therefor and without further action on the part of the Company; and (b) you shall repay to the Company any amounts paid to
you with respect to the RDUs (including without limitation payments pursuant to the interest component) at any time during the 24-month period prior to your termination of employment or service as a Director and at any time after your termination of
employment or service as a Director. By accepting the RDUs, you consent to and authorize the Company and its subsidiaries to deduct from any amounts payable to you by the Company or its subsidiaries any amounts you owe under this Paragraph 5.

 “Wrongful Conduct” shall exist if: (a) your employment with the Company and all of its subsidiaries is
terminated for Cause, as defined in your Class B Common Unit Grant Agreement, as it may be amended or supplemented from time to time; or (b) during the three-year period following the termination of your employment or service as a Director, you
violate any agreement between yourself and the Company or its subsidiaries with respect to noncompetition, nonsolicitation, confidentiality or protection of trade secrets (or similar provision regarding intellectual property). 

6. Conformity with the Plan. The RDUs are subject to the terms of this Agreement and the Plan, which is incorporated into this
Agreement by reference. Inconsistencies between this Agreement and the Plan shall be resolved in accordance with the terms of the Plan. By your acceptance of this Agreement, you agree to be bound by all of the terms of this Agreement and the Plan.
Any capitalized terms used herein that are not defined herein shall have the same meaning as provided in the Plan. 
 7.
Consent to Venue, Waiver of Jury Trial. Any legal action involving benefits claimed or legal obligations relating to or arising under this Agreement or the Plan may be filed only in state or Federal District Court in the city of Chicago,
Illinois. BY ACCEPTING THE RDUS, YOU AGREE THAT YOU WILL NOT BE ENTITLED TO THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM THE PLAN OR THE MATTERS CONTEMPLATED THEREBY. 

 

 2 

 8. Confidentiality. You agree that you will not disclose the existence or terms of
this Agreement to any other employees of the Company or third parties with the exception of your accountants, attorneys, or spouse, and shall ensure that none of them discloses such existence or terms to any other person, except as required to
comply with legal process. 
 *         *
        * 
 The undersigned hereby acknowledges, accepts, and agrees to all terms and provisions of the
foregoing Agreement. 
  

	
	  
	Grantee
	
	  
	Date

  

 3Lexaria Corp. - Exhibit 10.1 - Filed by newsfilecorp.com

	 	 
	September 7, 2010	Trading Symbol: LXRP: OTCBB
	 	LXX: CNSX

Successful New Oil Well 

(Vancouver, BC: September 7, 2010) - Lexaria
Corp. (the "Company” or “Lexaria") is very pleased to announce that the newly
drilled PP-F12-4 well has been successful in intersecting the same oil-bearing
formation as the two existing oil wells at Belmont Lake. 

As earlier announced, the PP-F12-4 is located
some 330 feet north of the PP-F12 well, which was the original discovery well
for the field. The new well encountered approx 26 feet of oil pay as confirmed
by field analysis, logs, and lab examination. The well is now being completed
and will undergo flow testing soon. Because Lexaria has previously made
significant investments into the infrastructure at Belmont Lake, it is expected
that we will be selling crude oil from this well in less than 3 weeks. 

The Company is encouraged by the fact that the
oil pay zone in the new PP-F12-4 is of effectively the same thickness as in the
original well, as it would not have been surprising if the oil pay thickness in
the new more northerly well might have been somewhat less. The Company will
investigate whether there might be room for any additional wells even further
north. 

The Company also completed the drilling of the
PP-F12-2 well, which was located some 1,100 feet to the south of the original
wells. The targeted sand formation was encountered as hoped, but was approx. 12
feet down-dip from the original well. Upon examination it was found to be
hydrocarbon bearing, but it contained natural gas and not oil. Because the
Company is sharply focused only on oil production at this time it was decided to
plug this well. 

Lexaria also announces that, following the
success of the PP-F12-4 well, another well will be drilled immediately. This
well, the PP-F12-5, is expected to have a down-hole location of some 330 feet to
the North of the currently producing PP-F12-3 well, and 330 feet to the East of
the new PP-F12-4 well. Since it is a step-out well from the existing producing
wells, it is considered very low risk and is designed to continue to optimize
cash flows from the known Belmont Lake oil field. 

Lexaria is examining the possibility of
additional new drill locations adjacent to the existing wells. Lexaria currently
holds a 40% gross working interest in the PP-F12-4 and PP-F12-5 directional
wells, and a 32% interest in the PP-F12 and PP-F12-3 wells. 

About Lexaria: 

To learn more about Lexaria Corp. visit
www.lexariaenergy.com. 

ON BEHALF OF THE BOARD 

"Chris Bunka" 

Mr. Chris Bunka, President 

FOR FURTHER INFORMATION PLEASE CONTACT: 

Lexaria Corp. 

Chris Bunka President/CEO/Chairman 

(250) 717 0377 

FORWARD-LOOKING STATEMENTS

This release includes
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. Statements which are not historical facts are forward-looking
statements. The Company makes forward-looking public statements concerning its
expected future financial position, results of operations, cash flows, financing
plans, business strategy, products and services, competitive positions, growth
opportunities, plans and objectives of management for future operations,
including statements that include words such as "anticipate," "if," "believe,"
"plan," "estimate," "expect," "intend," "may," "could," "should," "will," and
other similar expressions are forward-looking statements. Such forward-looking
statements are estimates reflecting the Company's best judgment based upon
current information and involve a number of risks and uncertainties, and there
can be no assurance that other factors will not affect the accuracy of such
forward-looking statements. It is impossible to identify all such factors but
they include and are not limited to the existence of underground deposits of
commercial quantities of oil and gas; cessation or delays in exploration because
of mechanical, weather, operating, financial or other problems; capital
expenditures that are higher than anticipated; or exploration opportunities
being fewer than currently anticipated. There can be no assurance that road or
site conditions will be favourable for field work; no assurance that well
treatments will have any effect on oil or gas production; no assurance that oil
field interconnections will have any measurable impact on oil or gas production
or on field operations, and no assurance that the expected new well(s) will be
drilled or have any impact on the Company. There can be no assurance that
expected oil and gas production will actually materialize; and thus no assurance
that expected revenue will actually occur. There is no assurance the Company
will have sufficient funds to drill additional wells, or to complete
acquisitions or other business transactions. Such forward looking statements
also include estimated cash flows, revenue and current and/or future rates of
production of oil and natural gas, which can and will fluctuate for a variety of
reasons; oil and gas reserve quantities produced by third parties; and
intentions to participate in future exploration drilling. Adverse weather
conditions can delay operations, impact production, and cause reductions in
revenue. The Company may not have sufficient expertise to thoroughly exploit its
oil and gas properties. The Company may not have sufficient funding to
thoroughly explore, drill or develop its properties. Access to capital, or lack
thereof, is a major risk. Current oil and gas production rates may not be
sustainable and targeted production rates may not occur. Factors which could
cause actual results to differ materially from those estimated by the Company
include, but are not limited to, government regulation, managing and maintaining
growth, the effect of adverse publicity, litigation, competition and other
factors which may be identified from time to time in the Company's public
announcements and filings. 

The CNSX has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.

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