Document:

Pediatrix Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

PROMISSORY NOTE AMENDMENT

     This Promissory Note Amendment
(this “Amendment”) is made and entered into as of the 18 day of MAY, 2011 (the
“Amendment Date”), by and between Trels Investments, Ltd. with principal offices
located at 17 Gr. Xenopoulou Street, PO Box 54425, 3724 Limassol, Cypress
(“Noteholder”) and PediatRx, Inc., with principal offices located at 405 Trimmer
Road, Suite 200, Califon, NJ, 07830 USA (“Company”).

RECITALS

     WHEREAS, the Noteholder is the
holder of a Promissory Note (the “Note”) dated June 15, 2009 in the principal
amount of $50,000 (attached as Exhibit A) between the Noteholder and the Company
which Note has a maturity date of June 15, 2011 (the “Maturity Date”).

     WHEREAS, the Noteholder desires
to extend the Maturity Date of the Note for one year to June 15, 2012.

     WHEREAS, the Company desires to
extend the Maturity Date of the Note for one year to June 15, 2012.

     NOW, THEREFORE, in consideration
of the premises and the mutual covenants and promises contained in this
Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

1.1 Effective on the Amendment Date, the maturity date of the
Note shall become June 15, 2012.

1.2 Except as expressly amended by this Amendment, the parties
hereto acknowledge that the Note is in good standing as at the date of this
Amendment.

IN WITNESS WHEREOF, this Agreement has been executed by the
Parties hereto all as of the date first above written.

	PediatRx, Inc. 	 	Trels Investments, Ltd. 
	 	 	 	 	 
	By: 	 	 	By: 	 
	 	 	 	 	 
	Name: 	 	 	Name: 	 
	 	 	 	 	 
	Title: 	 	 	Title: 	 

EXHIBIT A

THIS SECURITY WAS ISSUED IN AN OFFSHORE TRANSACTION TO A
PERSON WHO IS NOT A U.S. PERSON AS DEFINED IN REGULATION S PROMULGATED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"). ACCORDINGLY,
THIS PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE 1933 ACT OR ANY U.S.
STATE SECURITIES LAWS AND, UNLESS SO REGISTERED, IT MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A
TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN
EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION,
HEDGING TRANSACTIONS INVOLVING THIS PROMISSORY NOTE MAY NOT BE CONDUCTED UNLESS
IN ACCORDANCE WITH THE 1933 ACT.

PROMISSORY NOTE

	$50,000.00 	JUNE 15, 2009 

FOR VALUE RECEIVED, the undersigned promises to pay to the
order of TRELS INVESTMENTS LTD. at its principal office located at 17
GR. XENOPOULOU STREET, PO BOX 54425, 3724 LIMASSOL CYPRUS, or at such other
place as the holder of this Note may from time to time designate, the principal
sum of FIFTY THOUSAND DOLLARS ($50,000.00) in lawful money of the United
States of America, together with interest thereon as herein provided; on JUNE
15, 2011.

The principal amount or such portion thereof as shall remain
outstanding from time to time shall accrue simple interest, calculated monthly
in arrears, at a rate of FIVE PERCENT (5%) PER ANNUM commencing on the
date of this promissory note and payable at maturity.

If principal is not paid when due, the undersigned promises to
pay all costs of collection, including without limitation, legal fees, and all
expenses in connection with the protection or realization of the collateral
securing this promissory note, if any, or the enforcement of any guaranty hereof
incurred by the holder(s) hereof on account of such collection, whether or not
suit is filed hereon or thereon; such costs and expenses shall include, without
limitation, all costs, expenses and legal fees incurred by the holder(s) hereof
in connection with any insolvency, bankruptcy, arrangement or other similar
proceedings involving the undersigned, or involving any endorser or guarantor
hereof, which in any way affects the exercise by the holder(s) hereof of the
rights and remedies of such holder(s) under this promissory note.

The undersigned, when not in default hereunder, will have the
privilege of prepaying in whole or in part the principal sum without notice or
bonus.

Presentment, protest, notice of protest and notice of dishonour
are hereby waived.

STRIKER ENERGY CORP.

	By:Exhibit 10.1

 

Non-Management Director Compensation Summary

 

Our non-management directors (“Outside Directors”) will be compensated as follows through a combination of cash payments and equity grants:

 

1.               Cash Retainer.

 

Each director will receive $18,750 after each regularly scheduled quarterly Board meeting, and the Chair of the Audit Committee will receive an additional $3,750 at such time.  The quarterly cash retainer paid to a director leaving the Board will be pro-rated based on the number of days such director served on the Board between regularly scheduled meetings.

 

2.               Equity Grants for All Outside Directors.

 

Initial Grant

 

In connection with his or her initial election to the Board, each director will be granted shares of restricted Staples common stock/restricted stock units with an aggregate value of $150,0001 on the grant date.  Such shares will be granted on the second business day following a director’s initial election to the Board and will vest in full on the third anniversary of the grant date.

 

Annual Grant

 

In addition, each director will receive an annual equity grant on the second business day following the first regularly scheduled quarterly Board meeting of each fiscal year (“Directors’ Grant Date”) of shares of restricted Staples common stock with an aggregate value of $175,000(2) on the Directors’ Grant Date (such shares will vest in full one year after the Directors’ Grant Date); provided, that if a director is elected to the Board after the Directors’ Grant Date, such equity grant will be granted on the second business day following the first regularly scheduled Board meeting that occurs after his or her election and such grant will be pro-rated based on the number of regularly scheduled meetings occurring on or after his or her election.  In the event of a pro-rata award, the shares will vest on the first anniversary of the Directors’ Grant Date.

 

3.               Equity Grants for the Lead Director/Committee Chairpersons.

 

The Lead Director will be granted Staples restricted stock units with an aggregate value of $40,000(2) on the Directors’ Grant Date, which grant will vest pro-rata on the date of each of the four regularly scheduled quarterly Board meetings occurring in the  fiscal year the grant was made and at which the director is the Lead Director. Each of the Chairpersons of the Audit, Compensation, and Nominating and Corporate Governance Committees will be granted Staples restricted stock units with an aggregate value of $32,000(2) on the Directors’ Grant Date, which grant will vest pro-rata on the date of each of the four regularly scheduled quarterly Board meetings occurring in the fiscal year that the grant was made and at which

 

 

each director is chair of one of these three committees.  The chair of the Finance Committee will be granted Staples restricted stock units with an aggregate value of $8,000(2) on the Directors’ Grant Date, which grant will vest pro-rata on the date of each of the four regularly scheduled quarterly Board meetings occurring in the fiscal year that the grant was made and at which the director is the Finance Committee chair.  In the event a director becomes the Lead Director and/or chair of any of the above mentioned committees after the Directors’ Grant Date, such director will be granted such restricted stock units two business days after the next regularly scheduled Board meeting.  All of the above restricted stock units will be paid in shares of Staples’ common stock on the first anniversary of the Directors’ Grant Date.

 

4.               Unvested Awards.

 

Unvested options and shares of restricted stock/restricted stock units are subject to accelerated vesting (in the case of restricted stock units, accelerated payment) upon a director’s death, disability, retirement from the Board after reaching the Board’s mandatory retirement age of 72, or the occurrence of a change in control of Staples.  In such instances, the unvested award(s) will vest in full.  All unvested awards are otherwise forfeited upon termination of the director’s service on the Board.

 

5.               Ownership Guidelines.

 

The Board considers ownership of Staples stock by Board members to be important to align the interests of directors with those of stockholders. Accordingly, it is a policy of the Board that, prior to five (5) years after joining the Board, all directors shall attain minimum stock ownership equal in value to at least five (5) times the annual Board cash retainer as set from time to time by the Board. Management directors shall also maintain equity ownership consistent with guidelines adopted for Staples’ executives.

 

All shares owned outright, unvested restricted stock and vested stock options, whether obtained through employment, Board membership, or otherwise, shall be taken into consideration in determining compliance with the above stock ownership guidelines. The value of stock options for this purpose shall be the excess of the market price of the underlying stock over the exercise price.

 

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Summary Table for Director Compensation

 

	
Event
    	
 
    	
Payment/Award
    	
 
    	
Vesting/Holding Requirement
    
	
One-Time   Initial Election Award
    	
 
    	
$150,000(1) of   restricted stock
    	
 
    	
Cliff   vest 3 years after grant.
    
	
Quarterly   Cash Retainer
    	
 
    	
$18,750   ($3,750 additional for Audit Committee Chair)
    	
 
    	
N/A
    
	
Annual   Equity Retainer
    	
 
    	
$175,000(2) of   restricted stock
    	
 
    	
Vest   after 1 year.
    
	
Lead   Director
    	
 
    	
$40,000(2) of   restricted stock units annually
    	
 
    	
Vest   quarterly and paid 1 year after grant.
    
	
Committee   Chairperson
    	
 
    	
$32,000(2) of   restricted stock units annually ($8,000 Finance Committee Chair)
    	
 
    	
Vest   quarterly and paid 1 year after grant.
    
	
Retirement   after age 72
    	
 
    	
All   unvested options and restricted stock/units vest in full.
    	
 
    	
N/A
    

 

(1)  The number of restricted shares will be equal to the number arrived at by dividing $150,000 by the closing stock price on the grant date.

(2) The number of restricted shares/units will be equal to the number arrived at by dividing the dollar value of the award by the closing stock price on the grant date.

 

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