Document:

CONSULTING AGREEMENT

 

April 1, 2017

 

Big Star Capital 1

James B. Nelson, President

62 E Serene Avenue, Unit 215

Las Vegas, NV 89123

 

Dear Jim:

 

 This document serves as a letter agreement (the “Agreement”) for the consulting relationship between Carbon Sciences, Inc. (the “Company”) and Big Star Capital 1, (the “Consultant”). 

 

Section 1. SERVICES TO BE RENDERED 

(a)  The Company is in the business of developing graphene-based 

components for high-speed data transmission and acquiring information technology services companies (the “Business”).  The Company desires and Consultant agrees to provide services to the Company regarding various aspects of its business (the “Services”).  The principal personnel from Consultant performing the Services shall be James B. Nelson and shall represent the Company as Mergers & Acquisitions Advisor, or other similar title.

 

Section 2. COMPENSATION AND TERM 

(a)   Consultant shall receive from Company a monthly fee of $15,000 .00 

payable at the end of each month.

(b) The Agreement shall commence on April 1, 2017 and continue on a  

month-to-month basis until terminated by either party with a 10-day prior written notice.

 

Section 3. REIMBURSEMENT OF EXPENSES 

The Company shall reimburse Consultant for authorized expenses incurred 

by Consultant in the performance of his/her duties provided that such expenses are reasonable in amount, incurred for the benefit of the Company, and are supported by itemized accountings and expense receipts submitted to the Company prior to any reimbursement.

 

Section 4. CONFIDENTIALITY 

 Consultant shall hold in confidence and not disclose to any person or party any of the valuable, confidential and proprietary business, financial, technical, economic, sales, and/or other types of proprietary business information relating to the Company (including all trade secrets), in whatever form, whether oral, written or electronic (collectively, the “Confidential Information”), to which Consultant has, or is given (or has had or been given), access as a result of this engagement and the  

relationship between the Company and Consultant without appropriate protective treatment of the applicable Confidential Information prior to its disclosure.  Section 4 of this Agreement shall survive the termination of this Agreement.

Section 5. OWNERSHIP 

 Consultant agrees that all ideas, concepts and designs related to the Technology (“Intellectual Property”) as a result of this Agreement shall be the sole property of the Company.  Consultant hereby assign to the Company all of his/her right, title and interest in any such Intellectual Property, and execute, acknowledge and deliver such instruments as are necessary to confirm the ownership thereof by the Company. 

 

Section 6. INDEPENDENT CONTRACTOR 

 Consultant acknowledges that in performing Services pursuant to this Agreement, Consultant 

 (a)  shall be an independent contractor and not an employee of the Company. 

 (b) shall not be entitled to participate in any fringe benefit programs established by the Company for the benefit of its employees, and 

 (c) shall be solely responsible for paying prior to delinquency, and shall indemnify, defend and hold the Company free and harmless from and against, all income taxes, self-employment taxes, and other taxes (including any interest and penalties with respect thereto) imposed on the fees and expense reimbursements paid by the Company to Consultant pursuant to this Agreement. 

 

Section 7.  GENERAL PROVISIONS 

(a) This Agreement represents the entire understanding of the parties with respect to the subject matter hereof, and supersedes all prior and contemporaneous understandings, whether written or oral, regarding the subject matter hereof, and may not be modified or amended, except by a written instrument, executed by the party against whom enforcement of such amendment may be sought. 

(b) This Agreement shall be construed in accordance with, and governed by, the laws of the State of Nevada, without regard to choice of law rules or the principles of conflict of laws.  Venue for any action brought regarding the interpretation or enforcement of this engagement shall lie exclusively in Clark County, Nevada. 

 

Please confirm the foregoing is in accordance with your understandings and agreements with the Company by signing below.  Accepted and agreed as of the date first written above;

 

Company Consultant 

Carbon Sciences, Inc. Big Star Capital 1 

 

 

_____________________________________ _______________________________________ 

William E. Beifuss, Jr., President James B. Nelson, Director 

 

Date:_____April 1, 2017_________Date: _______________________________ 

 

Mailing Address: Mailing Address: 

5511-C Ekwill Street 62 East Serene Avenue, Unit 215 

Santa Barbara, CA 93111 Las Vegas, NV 89123ex10-1.htm

Exhibit 10.1

Marten Transport, Ltd.

Named Executive Officer Compensation 

 

On May 9, 2017, our Compensation Committee approved an increase to the base salary for each of the company’s named executive officers listed below, retroactive to April 3, 2017. Effective April 3, 2017, the named executive officers will receive the following annual base salaries in the listed positions:

 

	
Name and Position as of May 9, 2017
	 	
Former Base

Salary
	 	 	
Base Salary

Effective April 3, 2017
	 
	 	 	 	 	 	 	 	 	 
	
Randolph L. Marten
	 	$	634,400	 	 	$	659,800	 
	
(Chairman and Chief Executive Officer)
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	
Timothy M. Kohl
	 	$	469,400	 	 	$	488,200	 
	
(President)
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	
Timothy P. Nash
	 	$	326,100	 	 	$	339,100	 
	
(Executive Vice President of Sales and Marketing)
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	
James J. Hinnendael
	 	$	263,700	 	 	$	285,000	 
	
(Executive Vice President and Chief Financial Officer)
	 
	 	 
	
John H. Turner
	 	$	261,900	 	 	$	272,400	 
	
(Senior Vice President of Sales)ex10-2.htm

Exhibit 10.2

Marten Transport, Ltd.

2017 Non-Employee Director Compensation Summary 

 

On May 9, 2017, our Compensation Committee also reviewed and approved the following fee schedule for non-employee directors for fiscal year 2017, which remains unchanged from the fee schedule for 2016:

 

	 	 	
2017
	 
	 	 	 	 	 
	
Annual Board Retainer
	 	$	30,000	 
	
Lead Director
	 	 	10,000	 
	
Audit Committee chair
	 	 	15,000	 
	
Compensation Committee chair
	 	 	10,000	 
	
Nominating/Corporate Governance Committee chair
	 	 	3,500	 

 

Non-employee directors also receive $1,500 for attendance at each Board meeting, $750 for each committee meeting attended and reimbursement for out-of-pocket expenses related to attending meetings.

 

Each non-employee director will also receive a grant of 1,000 shares of common stock in connection with re-election to the Board by the stockholders.Exhibit 4.2

 

STATEMENT REGARDING RESTRICTIONS ON 

TRANSFERABILITY OF SHARES OF COMMON STOCK

 

(To Appear on Stock Certificate or to
Be Sent upon Request 

and without Charge to Stockholders Issued
Shares without Certificates) 

 

The shares represented by this certificate
are subject to restrictions on Beneficial Ownership, Constructive Ownership and Transfer for the purpose of the Corporation’s
maintenance of its status as a Real Estate Investment Trust (a “REIT”) under the Internal Revenue Code of 1986, as
amended (the “Code”). Subject to certain further restrictions and except as expressly provided in the Corporation’s
charter: (a) no Person may Beneficially Own or Constructively Own shares of the Corporation’s Common Stock in excess of 9.8%
(in value or number of shares) of the outstanding shares of Common Stock of the Corporation unless such Person is an Excepted Holder
(in which case the Excepted Holder Limit for such Excepted Holder shall be applicable); (b) no Person may Beneficially Own or Constructively
Own shares of Capital Stock of the Corporation in excess of 9.8% of the value of the total outstanding shares of Capital Stock
of the Corporation, unless such Person is an Excepted Holder (in which case the Excepted Holder Limit for such Excepted Holder
shall be applicable); (c) no Person may Beneficially Own or Constructively Own Capital Stock that would result in the Corporation
being “closely held” under Section 856(h) of the Code or otherwise cause the Corporation to fail to qualify as a REIT;
and (d) no Person may Transfer shares of Capital Stock if such Transfer would result in the Capital Stock of the Corporation being
owned by fewer than 100 Persons. Any Person who Beneficially Owns or Constructively Owns or attempts to Beneficially Own or Constructively
Own shares of Capital Stock that causes or will cause a Person to Beneficially Own or Constructively Own shares of Capital Stock
in excess or in violation of the above limitations must immediately notify the Corporation or, in the case of a proposed or attempted
transaction, give at least 15 days prior written notice and provide to the Corporation such other information as the Corporation
may request in order to determine the effect, if any, of such Transfer on the Corporation’s status as a REIT. If any of the
restrictions on Transfer or ownership are violated, the shares of Capital Stock represented hereby will be automatically transferred
to a Trustee of a Trust for the benefit of one or more Charitable Beneficiaries. In addition, the Corporation may redeem shares
of Capital Stock upon the terms and conditions specified by the board of directors in its sole discretion if the board of directors
determines that ownership or a Transfer or other event may violate the restrictions described above. Furthermore, upon the occurrence
of certain events, attempted Transfers in violation of the restrictions described above may be void ab initio.

 

     

     

    

 

Following the Commencement of the Initial
Public Offering, until the Common Stock is Listed, to purchase Common Stock in a Public Offering, the purchaser must represent
to the Corporation: (i) that such purchaser (or, in the case of sales to fiduciary accounts, that the beneficiary, fiduciary account
or grantor or donor who directly or indirectly supplies the funds to purchase the shares if the grantor or donor is the fiduciary)
has a minimum annual gross income of $70,000 and a net worth (excluding home, home furnishings and automobiles) of not less than
$70,000; (ii) that such purchaser (or, in the case of sales to fiduciary accounts, that the beneficiary, fiduciary account or grantor
or donor who directly or indirectly supplies the funds to purchase the shares if the grantor or donor is the fiduciary) has a net
worth (excluding home, home furnishings and automobiles) of not less than $250,000; and/ or (iii) that the purchaser (or, in the
case of sales to fiduciary accounts, that the beneficiary, fiduciary account or grantor or donor who directly or indirectly supplies
the funds to purchase the shares if the grantor or donor is the fiduciary) meets the more stringent suitability standards of such
person’s jurisdiction as set forth in any then effective registration statement of the Corporation as such registration statement
has been amended or supplemented as of the date of such purchase. Following the Commencement of the Initial Public Offering, until
the Common Stock is Listed, unless a stockholder is transferring all of his shares of Common Stock, each issuance or transfer of
shares of Common Stock for value shall comply with the requirements regarding minimum initial and subsequent cash investment amounts
set forth in any then effective registration statement of the Corporation as such registration statement has been amended or supplemented
as of the date of such issuance or transfer for value or any higher or lower applicable state requirements with respect to minimum
initial and subsequent cash investment amounts in effect as of the date of the issuance or transfer.

 

All capitalized terms in this legend have
the meanings defined in the charter of the Corporation, as the same may be amended from time to time, a copy of which, including
the restrictions on Transfer and ownership, will be furnished to each holder of Capital Stock of the Corporation on request and
without charge.

 

Note: Instead of the foregoing legend, the certificate may
state that the Corporation will furnish a full statement about certain restrictions on transferability to a stockholder on request
and without charge. Such statement shall also be sent on request and without charge to stockholders who are issued shares without
a certificate.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}]]