Document:

PLL-1/31/2012-Q2 EX. 10.4

Exhibit 10.4

NOTICE OF GRANT OF 
ANNUAL AWARD UNITS
UNDER PALL CORPORATION
2012 STOCK COMPENSATION PLAN

January ___, 201_

To:        

From:    Pall Corporation (the “Company”)

Re:    Grant of Annual Award Units

We are pleased to advise you that on January ___, 201_, you were granted [ ] Annual Award Units pursuant to Section 8(a)(i) of the Pall Corporation 2012 Stock Compensation Plan (the “Plan”).  These Units were granted to you on the following terms and conditions:

1.    The Units granted to you have been credited to a bookkeeping account which the Company has established for you under the Plan (your “Plan Account”). Each Unit so credited represents the right to receive one share of Pall Corporation Common Stock at the time, and subject to the conditions, specified in Section 3 below. 

2.    Until payment is made with respect to the Units in your Plan Account, additional Units (“Dividend Equivalent Units”) will be credited to your Plan Account on each date on which the Company pays a dividend on its Common Stock (“Dividend Payment Date”). The number of Dividend Equivalent Units that will be so credited will be determined by first multiplying (A) the total number of Annual Award Units and Dividend Equivalent Units standing to your credit in the account immediately prior to the Dividend Payment Date, by (B) the per-share amount of the dividend paid on that date, and then, dividing the resulting amount by the closing price per share of the Company’s Common Stock on that date.

3.     The Units in your Plan Account will become payable upon your ceasing to be a member of the Board of Directors of the Company for any reason other than removal for cause. Payment will be made to you, (or in the event of your death, to the person or persons you have designated as your beneficiary for purposes of the Plan or to your estate if you have not furnished a beneficiary designation form to the Company) as follows: by the deposit of an equivalent number of whole and fractional shares into a brokerage account created in your name by the third party administrator charged with performing the recordkeeping services for the Plan.  
4.    All Annual Award Units granted to you and all Dividend Equivalent Units credited 

to you under the Plan are subject to the following additional terms and conditions:

(a)    Until payment is made with respect to such Units in accordance with Section 3 above, you will have none of the rights of a shareholder with respect to the shares of Common Stock represented by those Units, other than the right to be credited with “Dividend Equivalents” thereon as provided in Section 2 above.

(b)    Your right to receive payment with respect to such Units is not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by your creditors.

(c)    The Plan constitutes only a promise on the Company’s part to make payment to you in the future with respect to such Units in accordance with the terms of the Plan (summarized in Section 3 above), and you will have no more than the status of a general unsecured creditor of the Company with respect to your right to receive such payment.

(d)    Such Units are subject to all of the other terms and provisions of the Plan as in effect from time to time except that no amendment, suspension or termination of the Plan may adversely affect your rights, without your written consent, with respect to any Awards previously granted to you.

The foregoing is a summary of the terms of the Annual Awards Units granted to you but is qualified by reference to the Plan itself, a copy of which will be furnished to you upon request to Linda Villa (phone: 516-801-9504; fax: 516-801-9643; e-mail: linda_villa@pall.com).

Accompanying this Notice of Grant is a form by which you may designate a beneficiary to receive the stock issued in payment of the Units in your account in the event of your death.  If you do not sign and return the beneficiary designation form, payment will be made to your estate.gfgi_ex43.htm

Exhibit 4.3

 

FORM OF MODIFICATION AND EXTENSION AGREEMENT

THIS MODIFICATION AND EXTENSION AGREEMENT ('Agreement') is executed as of the 22nd day of October, 2011, by and among _______ (‘Lender’) and Game Face Gaming, Inc., a Florida Corporation ('Company').

RECITALS

A. Game Face Gaming, Inc as Maker owes the sum of Twenty Five Thousand Dollars ($25,000)pursuant to that certain Promissory  Note dated February 22, 2011, a copy of which is attached hereto as Exhibit 'A' (hereinafter referred to as the 'Note').

B. The parties hereto are desirous of entering into this Extension Agreement.

                                   

AGREEMENT

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, included but not limited to, the Recitals above, the parties hereto agree as follows:

1. Maturity Date Extension.

a. The Lender and Company agree that the maturity date of the Note ('Maturity' therein), is hereby extended from October 22, 2011 to December 1, 2011.

2. All other provisions of the original Note remain in effect.

Game Face Gaming, Inc.

 

Name_____________________

 

Felix Elinson

 

Title: CEO

 

 

Agreed and Accepted:

 

By:_______________________gfgi_ex44.htm

Exhibit 4.4

FORM OF MODIFICATION AND EXTENSION AGREEMENT

 

THIS MODIFICATION AND EXTENSION AGREEMENT ('Agreement') is executed as of the 14th day of January, 2012, by and among ________ (‘Lender’) and Game Face Gaming, Inc., a Florida Corporation ('Company').

 

RECITALS

 

A. Game Face Gaming, Inc as Maker owes the sum of Fifty Thousand Dollars ($50,000)pursuant to that certain Promissory  Note dated February 22, 2011, a copy of which is attached hereto as Exhibit 'A' (hereinafter referred to as the 'Note').

 

B. Maturity Date. Unless this Note has been converted pursuant to the terms of this Note or unless earlier accelerated by the terms of this Note, the principal amount hereof, together with all unpaid accrued interest hereon and all other fees, costs and charges, if any, shall be due and payable on the date which is earlier: (i) eight (8) months from the original date of this Note (the "Maturity Date") or, (ii) upon the closing of any offering including the sale of securities or any debt or convertible offering from which the company shall have raised the gross amount of two million dollars ($2,000,000.00). No payments of principal or interest are required hereunder until the Maturity Date, except as otherwise provided herein.

C. The parties hereto are desirous of entering into this Extension Agreement.

 

AGREEMENT

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, included but not limited to, the Recitals above, the parties hereto agree as follows:

1. Maturity Date Extension.

a. The Lender and Company agree that the maturity date of the Note ('Maturity' therein), is hereby extended from January 14, 2012 to April 15, 2012.

 

  

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b. The entire loan, principal, and accrued interest will become immediately due upon the closing of any offering including the sale of securities or any debt or convertible offering from which the company shall have raised the gross amount of Six Hundred Thousand Dollars  ($600,000).

2. All other provisions of the original Note remain in effect.

Game Face Gaming, Inc.

 

Name_____________________

 

Felix Elinson

 

Title: CEO

 

 

Agreed and Accepted:

 

By:_______________________

 

 

 2gfgi_ex45.htm

Exhibit 4.5

 

	October 31, 2011	Valley Stream, New York

 

                                                                                                           

Amendment to Note dated August 17, 2011

 

The Parties agree as follows:

 

Reference is made to that certain convertible Promissory Note entered into as of August 17th 2011 between Game face Gaming, Inc, a Florida Corporation and Small Cap Consultants, Inc.

 

Recitals:

 

	
1.  

	
Small Cap Consultants, Inc., loaned, subject to a Promissory Note, the amount of $100,000 with interest accruing at a rate of six and one half percent (6.5%) simple interest per annum

	
2.  

	
Section 4 of the Note stated as follows:

 

Maturity Date Unless this Note has been converted pursuant to the terms of this Note or unless earlier accelerated by the terms of this Note, the principal amount hereof, together with all unpaid accrued interest hereon and all other fees, costs and charges, if any, shall be due and payable on the date which is:  October 15, 2011 (the "Maturity Date"). Notwithstanding the Maturity date, this Note shall immediately become due and payable and all provisions of Section 5 below will commence if the Company shall have received funding from any source and in any form, in the amount of five hundred thousand dollars ($500,000) from the date of this Note. No payments of principal or interest are required hereunder until the Maturity Date, except as otherwise provided herein.

 

	
3.  

	
Section 5 stated:

 

	
1.  

	
  Additional Share Issuance for Late or Non Payment. The Company hereby agrees to the following schedule of additional share consideration in the event that it does not repay the loan by its maturity.

	
I.  

	
Beginning on the first day that the loan is payable, pursuant to section 4 above and until the first 30 days past maturity,  the Company, in addition to the Principal and accrued interest,  will be obligated to issue an additional 20,000 shares daily for each day that the loan remains open;

	
II.  

	
Beginning on day 31 past maturity pursuant to Section 4 above, should the loan remain unpaid, the Company will issue an additional 50,000 shares per day for each and every day that the loan remains unpaid;

	
III.  

	
Should the loan remain outstanding past 61 days past Maturity Date, the Company will obligated to issue the amount of 1,000,000 shares for each day that the loan remains unpaid;

	
IV.  

	
All share issuances shall be of the Company’s Common stock par value $0.000l.

  

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The parties agree that Sections 4 and 5 of that certain Note are modified as follows:

 

The due date of the Note is extended until the earlier of: (i) December 31, 2011 or (ii) such date prior, should the Company  have received funding from any source and in any form, in the amount of five hundred thousand dollars ($500,000) from the date of this Amendment.

 

 

	Agreed: 	 	Agreed:	 
	 	 	 	 
	 	 	 	 
	
/s/Ryan Medonca                                   

	 	/s/Felix Elinson                                        	 
	     Ryan Medonca	 	     Felix Elinson	 
	 	 	 	 
	 	 	 	 
	By:  Small Cap Consultants, Inc.,	 	By: Face Up Gaming, Inc.	 
	 	 	 	 
	 	 	 	 
	Date: ___________________	 	Date: ___________________	 

 

 

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