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  Exhibit 10.15    
    

 SUMMARY OF THE COMPANY'S NON-EMPLOYEE DIRECTOR COMPENSATION  

        Non-employee directors are paid $2,000 for each Board meeting attended in person, $1,000 per Board meeting conducted by
telephone, $1,500 for each Audit Committee meeting attended, whether in person or by phone, $1,000 for each Compensation Committee, Nominating Committee or Special Committee meeting attended in person
and $500 for each Compensation Committee, Nominating Committee or Special Committee meeting conducted by telephone. In addition, the Chairman of the Audit Committee is paid an additional fee of $8,000
per year and the Chairman of the Compensation Committee is paid an additional fee of $4,000 per year for their services as such. All directors are reimbursed for their reasonable expenses related to
attendance at meetings. 

        In
accordance with the Company's 2009 Incentive Plan, any non-employee director first elected to the Board will receive a stock option award of 50,000 shares. Each year, as
of the date of the Annual Meeting of Stockholders, each non-employee director will receive a stock option award of 15,000 shares. The number of shares that may be allocated to be awarded
to non-employee directors cannot exceed 20% of the maximum number of shares authorized under the 2009 Plan. 

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Exhibit 10.15SMSA Palestine Acquisition Corp.: Exhibit 10.37 - Filed by newsfilecorp.com

The Contract for Commercialization of High quality Bamboo
Shoot Product Processing

Party A: Fujian Agriculture and Forestry University

Party B: Fujian Yada Food Co., Ltd

Fujian Agriculture and Forestry University (hereinafter
referred to as “Party A”) and Fujian Yada Food Co., Ltd (hereinafter
referred to as “Party B”) hereby agrees to cooperate in commercialization of
high quality bamboo shoot product processing (the “Project”) in the principle of
mutual benefit. The leading technical personnel of the Project is Professor Lu
Zejian from the Food Engineering School of Fujian Agriculture and Forestry
University, and the project team will be comprised of R&D personnel from
both sides. Through friendly negotiations, the Parties now reach the following
agreements in the principle of mutual help and benefit on the bona fide
basis:

Allocation of Responsibilities: 
Responsibilities of Party
A:
1. organizing the Project and holding regular symposiums in order to
improve the research process and summarize stage research results in a timely
manner; 
2. planning, designing, technical consultation and development of
the Project; 
3. filing, research, demonstration, examination and acceptance
of the Project; 
4. assisting Party B to file the Project with competent
authorities, and trying to get approval for the Project;

Responsibilities of Party B:
1. commercialization of
research results of the Project, providing necessary personnel, facilities and
coordinate funds for the Project; 
2. providing testing site for the
researchers; 
3. participating in the development and design of the Project,
and taking charge of the commercialization of the research result; 
4.
coordinating with Party A on the organization of Project acceptance

Research Fund
The total amount of the Project research fund
is RMB 300,000. Party B shall pay Party A RMB 100,000as Project initiation fund
and research fund for early stage first, and then pay the remaining RMB 200,000
in lump sum after the research result is examined and accepted.

Ownership of the Research Result
1. Party A will have the
ownership of the research result of the Project;
2. Party B will have the
right to use the research result and apply for patent for such results together
with Party A; 
3. The supporting fund for this Project as national project
applied on behalf of the enterprise will be owned by Party B; 
4. This
Contract shall be made in duplicate, and each Party shall hold one copy; 
5.
This Contract will come into effect upon the execution.

Party A: Fujian Agriculture and Forestry University

Representative (Chop): (unclear signature) 
Project Leader (Chop): Lu
Zejian

Party B: Fujian Yada Food Co., Ltd 
Representative (Chop):
Zhan Youdai 
Technical Leader (Chop): (unclear signature)

May 11th, 2007Exhibit 4.1

 

CARLISLE COMPANIES INCORPORATED

 

and

 

U.S. BANK NATIONAL ASSOCIATION

 

as Original Trustee

 

and

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

 

as Series Trustee

 

 

SECOND SUPPLEMENTAL INDENTURE

 

Dated as of December 9, 2010

 

 

 

SECOND
SUPPLEMENTAL INDENTURE, dated as of December 9, 2010 (this “Instrument”),
among CARLISLE COMPANIES INCORPORATED, a Delaware corporation (the “Company”),
U.S. BANK NATIONAL ASSOCIATION (as successor to State Street Bank and Trust
Company, as successor to Fleet National Bank), a national banking association
in its capacity as existing trustee under the Indenture described below (the “Original
Trustee”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national
banking association (the “Series Trustee”).

 

RECITALS

 

WHEREAS,
pursuant to the First Supplement Indenture, dated as of August 18, 2006,
between the Company and the Series Trustee (the “First Supplemental
Indenture”), the Company issued $150,000,000 in aggregate principal amount of
its 6 1/8% Notes due 2016;

 

WHEREAS,
the Company desires to issue $250,000,000 aggregate principal amount of its
5.125% Notes due 2020 (the “New Notes”) under the Indenture;

 

WHEREAS,
the Company desires to appoint the Series Trustee to serve as the Trustee
under the Indenture with respect to the New Notes;

 

WHEREAS,
the Series Trustee is willing to accept such appointment with respect to
the New Notes;

 

WHEREAS,
the Company desires the Original Trustee to continue to serve as the Trustee
under the Indenture for all other purposes under the Indenture other than with
respect to the New Notes; and

 

WHEREAS,
all things necessary to make this Second Supplemental Indenture a valid and
legally binding agreement of the Company, the Original Trustee and the Series Trustee,
in accordance with its terms, and a valid and legally binding amendment of, and
supplement to, the Indenture have been done.

 

NOW,
THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

 

ARTICLE ONE

APPOINTMENT OF SERIES TRUSTEE

 

Section 101.   Pursuant to Section 610 of the
Indenture, the Company hereby appoints the Series Trustee as Trustee under
the Indenture with respect to the New Notes and vests and confirms to the Series Trustee
all rights, powers, trusts, privileges, duties, security interests and
obligations of a Trustee under the Indenture with respect to the New Notes as
of the date hereof.

 

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Section 102.   The parties hereto agree that the Series Trustee’s
execution and delivery of this Second Supplemental Indenture to the other
parties hereto constitutes an Instrument accepting such appointment within the
meaning of Section 611 of the Indenture.

 

Section 103.   For any purposes relating to the New Notes
or the Series Trustee, references in the Indenture to “Corporate Trust
Office” shall be deemed to refer to the corporate trust office of the Series Trustee,
which is located at 10161 Centurion Parkway, Jacksonville, Florida 32256,
Attention: Corporate Trust Administration, or any other office of the Series Trustee
at which, any particular time, this Instrument shall be administered.

 

Section 104.   The parties hereto agree that this Second
Supplemental Indenture does not constitute an assumption by the Series Trustee
of any liability of the Original Trustee arising out of any breach by the
Original Trustee in the performance of any of its duties as Trustee under the
Indenture or by any representative of the Original Trustee.

 

Section 105.   The parties hereto agree that the Original
Trustee shall not have any liability arising out of any breach by the Series Trustee
in the performance or non-performance of any of its duties as Trustee under the
Indenture with respect to the New Notes or by any representative of the Series Trustee,
or otherwise directly and solely caused by any action or omission of the Series Trustee.

 

Section 106.   The Company agrees to indemnify the Series Trustee
for, and to hold it harmless against, any loss, liability or expense (including
the reasonable compensation and the expenses and disbursements of its agents
and counsel) arising out of or in connection with the performance or
non-performance of the Original Trustee of its duties under the Indenture,
including the costs and expenses of defending itself against any claim or
liability in connection therewith.  This
indemnification shall survive the termination of this Second Supplemental
Indenture.

 

Section 107.   The Company agrees to indemnify the Original
Trustee for, and to hold it harmless against, any loss, liability or expense
(including the reasonable compensation and the expenses and disbursements of
its agents and counsel) arising out of or in connection with the performance or
non-performance of the Series Trustee of its duties under the Indenture
with respect to the New Notes, including the costs and expenses of defending
itself against any claim or liability in connection therewith.  This indemnification shall survive the
termination of this Second Supplemental Indenture (and the Indenture).

 

ARTICLE TWO

THE ORIGINAL TRUSTEE

 

Section 201.   The Original Trustee hereby represents and
warrants to the Series Trustee that:

 

(a)           This Instrument
has been duly authorized, executed and delivered on behalf of the Original
Trustee and constitutes its legal, valid and binding obligation.

 

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(b)           The Original
Trustee has made, or will make, available to the Series Trustee, upon the Series Trustee’s
reasonable request therefore, copies in its possession of documents not
otherwise available from the Company and necessary for the administration of
the New Notes.

 

Section 202.   The Original Trustee hereby acknowledges
that it will not serve as the Trustee under the Indenture with respect to the
New Notes; and the parties hereto expressly acknowledge and agree that the
Original Trustee shall have no duties or obligations of any kind (under the
Indenture or otherwise) with respect to the New Notes or the issuance thereof;
and the Original Trustee shall have no responsibility or liability for the
sufficiency or effectiveness of this Second Supplemental Indenture for any
purpose.

 

Section 203.   The Original Trustee shall have no duties or
obligations under or in respect of this Second Supplemental Indenture except
for such duties as may be expressly set forth herein as duties on its part to
be performed, and no implied duties or obligations of any kind shall be read
into this Supplemental Indenture on the part of the Original Trustee.

 

ARTICLE THREE

THE COMPANY

 

Section 301.   The Company hereby represents and warrants
to the Series Trustee and the Original Trustee that:

 

(a)                                  The Company is a corporation
duly and validly organized and existing pursuant to the laws of the State of
Delaware.

 

(b)                                 The Indenture was validly
and lawfully executed and delivered by the Company, has not been amended or
modified and is in full force and effect.

 

(c)                                  No event has occurred and is
continuing to occur which is, or after notice or lapse of time would become, an
Event of Default under the Indenture.

 

(d)                                 There is no action, suit or
proceeding pending or, to the best of the Company’s knowledge, threatened
against the Company before any court or any governmental authority arising out
of any action or omission by the Company under the Indenture.

 

(e)                                  This Instrument has been
duly authorized, executed and delivered on behalf of the Company and
constitutes its legal, valid and binding obligation.

 

(f)                                    All conditions precedent
relating to the appointment of the Series Trustee as a Trustee under the
Indenture have been complied with by the Company.

 

Section 302.   The Company shall execute and deliver such
further Instruments and shall do such other things as the Series Trustee
may reasonably require so as to more fully and certainly vest and confirm in
the Series Trustee all rights, powers, duties and obligations hereby 

 

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assigned,
transferred, delivered and confirmed to the Series Trustee.  Without limiting the generality of the
foregoing, and for the avoidance of doubt, the Company hereby expressly agrees
that all reports, Opinions of Counsel, Officer Certificates, compliance
certificates and other documents required to be delivered from time to time
pursuant to the terms of Sections 704, 802, 902 ad 1006 of the Indenture shall
be delivered and addressed to each of the Original Trustee (to the extent
required under the Indenture) and the Series Trustee (for so long as the
New Notes remain Outstanding).

 

ARTICLE FOUR

THE SERIES TRUSTEE

 

Section 401.   The Series Trustee hereby represents
and warrants to the Original Trustee and the Company that:

 

(a)                                  The Series Trustee
is qualified and eligible under the provisions of Section 609 of the
Indenture to act as Trustee under the Indenture.

 

(b)                                 This Instrument
has been duly authorized, executed and delivered on behalf of the Series Trustee
and constitutes its legal, valid and binding obligation.

 

Section 402.   The Series Trustee
hereby accepts its appointment as Trustee under the Indenture with respect to
the New Notes and shall hereby be vested with all rights, powers, protections,
privileges, benefits, immunities, indemnities, duties and obligations of the
Trustee under the Indenture with respect to the New Notes and with respect to
all property and monies held or to be held under the Indenture with respect to
the New Notes.

 

ARTICLE FIVE

MISCELLANEOUS PROVISIONS

 

Section 501.   Except as otherwise expressly provided or
unless the context otherwise requires, all capitalized terms used herein which
are defined in the Indenture shall have the meanings assigned to them in the
Indenture.

 

Section 502.   This Instrument and the appointment and
acceptance effected hereby shall be effective as of the date first above
written.

 

Section 503.   The Original Trustee shall be entitled to
compensation and reimbursement to the extent provided under Section 607,
clauses (1) and (2), of the Indenture in connection with its ongoing
trusteeship under the Indenture, but not with respect to the New Notes; and the
Original Trustee shall continue to be entitled to indemnification as provided
in Section 607, clause (3), of the Indenture.  The Series Trustee shall be entitled to
compensation, reimbursement and indemnification as set forth in Section 607
of the Indenture with respect to the New Notes, which rights and obligations
shall survive the execution hereof.

 

Section 504.   This Second Supplemental Indenture shall be
governed by and construed in accordance with the laws of the State of New York.

 

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Section 505.   This Instrument may be executed in any
number of counterparts, each of which shall be an original, but such counterparts
shall together constitute but one and the same Instrument.

 

Section 506.   This Series Trustee makes no
representations as to the validity or sufficiency of this Instrument.  The recitals and statements herein (other
than those made expressly by the Series Trustee or the Original Trustee)
are deemed to be those of the Company and not of the Series Trustee or the
Original Trustee.

 

Section 507.   Any request, demand, authorization,
direction, notice, consent, waiver or other document provided or permitted by
this Second Supplemental Indenture to be made upon, given or furnished to, or
filed with,

 

(a)                                              the Original
Trustee by the Company or by the Series Trustee shall be sufficient for
every purpose herein if made, given, furnished or filed in writing to or with
the Original Trustee at US Bank Corporate Trust Services, 225 Asylum Street,
23rd Floor, Hartford, CT 06103, or

 

(b)                                             the Series Trustee
by the Company or by the Original Trustee shall be sufficient for every purpose
herein if made, given, furnished or filed in writing to or with the Series Trustee
at The Bank of New York Mellon Trust Company, N.A., 10161 Centurion Parkway,
Jacksonville, FL 32256, Attention: Corporate Trust Administration, or

 

(c)                                              the Company by
the Original Trustee or by the Series Trustee shall be sufficient for
every purpose herein if in writing and mailed, first-class postage prepaid, to
the Company addressed to it at Carlisle Companies Incorporated, 13925
Ballantyne Corporate Place, Suite 400, Charlotte, NC 28277,
Attention:  Treasurer or at any other
address previously furnished in writing to the Original Trustee and Series Trustee
by the Company.

 

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IN
WITNESS WHEREOF, the parties hereto have caused this First Supplemental
Indenture to be duly executed, as of the day and year first written above.

 

 

	
   

  	
   

  	
  CARLISLE
  COMPANIES INCORPORATED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  STEVEN J. FORD

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Steven
  J. Ford

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Vice
  President, Chief Financial Officer and General Counsel

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  U.S.
  BANK NATIONAL ASSOCIATION, as

  	
   

  	
   

  
	
  Original
  Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:
  

  	
  /s/
  ZACK BUCKNER

  	
   

  	
   

  
	
   

  	
  Name:
  Zack Buckner

  	
   

  	
   

  
	
   

  	
  Title:
  Trust Officer

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  THE
  BANK OF NEW YORK MELLON

  	
   

  	
   

  
	
  TRUST
  COMPANY, N.A., as Series Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:
  

  	
  /s/
  CHRISTIE LEPPERT

  	
   

  	
   

  
	
   

  	
  Name:
  Christie Leppert

  	
   

  	
   

  
	
   

  	
  Title:
  Vice President

  	
   

  	
   

  

 

Signature Page — Second
Supplemental Indenture

 

7

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