Document:

EXHIBIT 10.4

 

THIS AGREEMENT
(this “Agreement”), dated November 6, 2012 is entered into by and between CARBONICS CAPITAL CORPORATION,
a Delaware corporation (the “Company”), and YA GLOBAL INVESTMENTS, L.P. (the “Investor”).
 

 

WHEREAS:

 

		A.	Reference is made to the agreement between the Company and the Investor dated December 6, 2011,
as supplemented on May 31, 2012, (the “Debenture Purchase Agreement”) regarding the purchase by the Investor
and the issuance by the Company of certain Series C Convertible Debentures.

 

		B.	The Debenture Purchase Agreement provided for, among other things, the issuance of a number of
Series C Convertible Debentures, including a third Series C Convertible Debenture in the face amount of $475,000 referred to in
the Debenture Purchase Agreement as the “Third Funding.”

 

		C.	The parties desire that the Third Funding be made in multiple tranches, as follows, and close on
the dates set forth below on the terms and conditions set forth in this Agreement:

 

		i.	$25,000 was closed on August 13, 2012 (the “First Tranche”);

 

		ii.	$25,000 was closed on August 29, 2012 (the “Second Tranche”);

 

		iii.	$50,000 was closed on September 7, 2012 (the “Third Tranche”);

 

		iv.	$50,000 was closed on October 2, 2012 (the “Fourth Tranche”);

 

		v.	$75,000 to be closed on or about November 6, 2012 (the “Fifth Tranche”);

 

		vi.	$250,000 to be closed on a date, or in further tranches on multiple dates, as may be agreed
to between the parties (the “Subsequent Tranches”).

 

		D.	All capitalized terms used but not defined herein shall have the meaning ascribed thereto in the
Debenture Purchase Agreement.

 

NOW, THEREFORE,
in consideration of the mutual covenants and other agreements contained in this Agreement the Company and the Investor hereby agree
as follows:

 

1.         The
parties agree that the Series C Closing with respect to the Fifth Tranche ($75,000) shall take place on or about November
6, 2012.

 

2.
        The parties agree that the Series C Closings with respect to the Subsequent
Tranches shall take place on such other date, or in tranches on multiple dates, as is mutually agreed to by the Company and the
Investor, in the sole discretion of the Investor and subject to the satisfaction of the terms and conditions of the Debenture Purchase
Agreement and the satisfaction of the conditions to the Third Funding set forth in the Debenture Purchase Agreement.

 

    	 

    	 

    

 

3.         The
Investor represents that the Investor Representations and Warranties are true and correct as of the date hereof. The Company represents
that the Company Representations and Warranties are true and correct as of the date hereof.

 

4.         The
parties agree that gross proceeds to be paid for the Series C Convertible Debenture at the Closing of the Second Tranche of the
Third Funding shall be disbursed via wire transfer in immediately available U.S. funds, payable to the following parties in accordance
with the respective wiring instructions attached hereto as Exhibit A:

 

	Gross Proceeds:	 	From YA Global Investments, L.P.	 	$	75,000.00	 
	 	 	 	 	 	 	 
	Less:	 	None	 	$	0.00	 
	 	 	 	 	 	 	 
	Net Proceeds:	 	Net Proceeds Payable to the Company	 	$	75,000.00	 

 

[SIGNATURE PAGE IMMEDIATELY TO FOLLOW]

 

    	 

    	 

    

 

	Carbonics Capital Corporation	 	YA Global Investments, L.P.
	 	 	 
	 	 	By:	Yorkville Advisors, LLC
	 	 	Its:	Investment Manager

 

	By:	 	 	 	 
	Name:	Stephen Schoepfer	 	By:	 
	Title:	Chief Executive Officer	 	Name:	Mark Angelo
	 	 	 	Its:	Portfolio Manager

 

    	 

    	 

    

 

EXHIBT A

 

WIRING INSTRUCTIONS

 

	Bank:	Umpqua Bank
	 	479 N. Central Blvd.
	 	Coquille, OR 97423
	 	 
	Routing #:	123205054
	 	 
	Account Name:	Westport Energy, LLC (*)
	 	 
	Account #:	970824967

 

* Note that the Beneficiary for this wire is Westport
Energy, LLC rather than Carbonics. Westport is a wholly owned subsidiary of Carbonics. 

 

Exhibit A – Wiring InstructionsExhibit 10.10

2013 Restricted Stock Award Agreement

____________, 20___

[Name]

[Street]

[City, State]

Dear [Employee’s Name]:

Harris Teeter Supermarkets, Inc. (the “Company”) has designated you to be a recipient
of shares of common stock of the Company, par value $.01 per share (the “Company Stock”), subject to the restrictions and other terms set forth in this letter agreement (the “
Agreement”) and in the Harris Teeter Supermarkets, Inc. 2011 Incentive Compensation Plan (the “Plan”).

The grant of these shares is made pursuant to the Plan. The Plan is administered by the
Compensation Committee (the “Committee”) appointed by the Board of Directors of the Company. The terms of the Plan are incorporated into this letter and in the case of any
conflict between the Plan and this letter, the terms of the Plan shall control. Any capitalized terms used in this Agreement that are not otherwise defined have the meaning set forth in the
Plan. A copy of the Plan is available in Appendix A to the 2010 Ruddick Annual Report and Proxy Statement which may be found on the Company’s website at www.harristeeter.com.

1.

Grant. Pursuant to the Plan, the Committee granted you on ______________ (the
“Grant Date”) the number of shares of Company Stock (the “Restricted Stock”) indicated on the Plan award notice provided by the Plan administrator, which such Plan award notice is
incorporated by reference herein. The Restricted Stock is subject to vesting restrictions as set forth below. Until these restrictions lapse, the shares of Restricted Stock are
forfeitable and nontransferable.

2.

Vesting Restrictions. 

(a)

The Restricted Stock shall vest, in ____ equal annual installments on each anniversary of the Grant Date,
commencing on the ____ anniversary of the Grant Date, and continuing ____ thereafter until fully vested (each such anniversary, a “Vesting Date”).

(b)

Unless one of the events in Section 2(c) or Section 2(d) occurs, you must be continuously employed by the
Employer from the Grant Date until the applicable Vesting Date in order to vest in your Restricted Stock. Absent a Change in Control as described in Section 2(d), if your employment with the
Employer terminates prior to 

the applicable Vesting Date for any reason other than due to one of the events described in Section 2(c)(i), you
will forfeit all rights to your unvested Restricted Stock
at that time, even if you return to active employment with the Employer prior to the applicable Vesting Date.

(c)

You will become immediately vested in 100% of your Restricted Stock if, prior to the Vesting Date, one of
the following events occurs:

(i)

your employment with the Employer terminates due to your Retirement (as defined below), death or
Disability, or 

(ii)

the Company experiences a Change in Control.

“Retirement” means your retirement, in accordance with the
provisions of the Harris Teeter Supermarkets, Inc.Retirement and Savings Plan or the Harris Teeter Supermarkets, Inc. Employees’ Pension Plan in which you were a participant on the date of
termination of employment, at the normal retirement date under such retirement plan, or if such date is not so determinable, then at or after your attainment of age 65. The Committee shall have
absolute and uncontrolled discretion to determine whether any other termination of your employment is to be considered as Retirement for the purposes of this Agreement and whether an authorized leave
of absence or absence on military or government service or otherwise shall constitute a termination of employment for the purposes of this Agreement.

(d)

Notwithstanding the above, you will become immediately vested in __% of your unvested Restricted Stock
upon your attaining age 65 while employed by the Employer from the Grant Date until the date on which you attain age 65. For purposes of clarity, you will vest in __% of each unvested tranche
of unvested Restricted Stock and the remainder of those unvested shares of Restricted Stock will continue to vest according to the schedule set forth in Section 2(a). For example, if you have
__ unvested shares of Restricted Stock that will vest annually in three tranches of __ in years ___ through ___, and you attain age 65 in
___, (i) you will vest in __ shares of Restricted Stock from each unvested tranche (__ in the aggregate) upon attaining age 65, and (ii) the remaining __
unvested shares of Restricted Stock in each tranche will continue to vest annually on the Grant Date anniversary in years ___ through ___.

3.

Dividends. During the period beginning with the Grant Date and ending with the Vesting Date (or the earlier
forfeiture of your Restricted Stock), you will have the right to receive dividends on the Restricted Stock to the extent dividends are paid by the Company on its authorized and issued shares of
Company Stock to its stockholders of record. These dividends, if any, will be paid at the same rate and at the same time as such dividends are paid by the Company on its authorized and issued
shares. 

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4.

Power of Attorney. You hereby appoint each of the officers of the Company as your attorney in fact, with full
power of substitution, and authorize him or her to provide instructions to the Company’s registrar and transfer agent for Company Stock as the Company may deem necessary or proper to comply with
the intent and purposes of this Agreement and the Plan, including, upon the occurrence of a forfeiture pursuant to Section 2 above, to notify the registrar and transfer agent of the forfeiture of
such shares, together with instructions to cancel the shares forfeited. The registrar and transfer agent shall be entitled to rely upon any notices and instructions delivered by your attorney
in fact under the terms of the Plan and this Agreement.

5.

Book Entry Form; Delivery of Shares. The Company shall, as soon as administratively feasible after the Grant
Date, direct the Plan administrator to make a book entry record showing ownership for the Restricted Stock in your name, subject to the terms and conditions of the Plan and this Agreement. As
soon as practicable following the date on which the Restricted Stock becomes nonforfeitable and fully transferable pursuant to Section 2 above, the Company will issue appropriate instructions
 to that effect to the transfer agent for Company Stock.

6.

Rights as a Stockholder. Subject to the provisions of this Agreement, including Section 7 herein, you generally
will have all of the rights of a holder of Company Stock with respect to all of the Restricted Stock awarded to you under this Agreement from and after the Grant Date until the shares either vest or
are forfeited, including the right to vote such shares and to receive dividends or other distributions paid thereon, as provided in Section 3.

7.

Transfer Restrictions. You may not sell, assign, transfer, pledge, hypothecate or encumber your Restricted Stock
under this Agreement prior to the time such Restricted Stock becomes vested in accordance with this Agreement.

8.

Fractional Shares. A fractional share of Company Stock will not be issued and any fractional shares will be
disregarded.

9.

Adjustments. If the number of outstanding shares of Company Stock is increased or decreased as a result of a
stock dividend, stock split or combination of shares, recapitalization, merger in which the Company is the surviving corporation, or other change in the Company’s capitalization without the
receipt of consideration by the Company, the number and kind of your unvested Restricted Stock shall be proportionately adjusted by the Committee, whose determination shall be binding.

10.

Notices. Any notice to be given under the terms of this letter shall be addressed to Harris Teeter Supermarkets,
Inc., Attn. Secretary, 701 Crestdale Road, Matthews, NC 28105. Any notice to be given to you shall be given to you and shall be addressed to you at your last known address at the time notice is
sent. Notices shall be deemed to have been duly given if mailed first class, postage prepaid, addressed as above.

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11.

Section 83(b) Election Not to Defer Income From Restricted Stock. You may make an election pursuant to Section
83(b) of the Code not to defer income with respect to your Restricted Stock. In general, this would require you to pay tax earlier than would otherwise be necessary. If you would like a
copy of the election under Code Section 83(b) form and instructions that you may use to make this election, please contact Merrill Lynch (Ellison Kibler & Associates) at 803-733-2108 or
800-350-2817. Please note that in order to be effective, you must file a Code Section 83(b) election with the Internal Revenue Service within 30 days after the shares of Restricted Stock have
been transferred to you. In general, if you make a Code Section 83(b) election your tax basis for each share that becomes vested will be the value of the share on the date it was transferred to
you. As a result, capital gain or loss will be measured using that tax basis when you sell the share. For greater details concerning the federal income tax consequences associated
with your shares of Restricted Stock, please refer to the Plan’s prospectus. The Company does not make any representations regarding the advisability or tax treatment of making an election
under Section 83(b) of the Code. You should consult your tax and financial advisors before deciding whether or not to make such an election.

12.

Applicable Withholding Taxes. 

(a)

No Restricted Stock that has become vested and fully transferable pursuant to Section 2 above shall be
delivered to you until you have paid to the Company the amount that must be withheld with respect to those shares of Restricted Stock under federal, state and local income and employment tax laws
(the “Applicable Withholding Taxes”) or you and the Company have made satisfactory arrangements for the payment of such taxes. As an alternative to making a cash payment to satisfy
the Applicable Withholding Taxes, you may have the Company retain that number of shares of Restricted Stock (valued at the average of the high and low selling price of the Company’s common
stock on the delivery date) that would satisfy the Applicable Withholding Taxes.

(b)

The Company shall withhold Applicable Withholding Taxes with respect to dividends directly from the amount
of such dividends payable pursuant to Section 3.

13.

Applicable Securities Laws. The Company may delay delivery of Restricted Stock that has become vested and fully
transferable pursuant to Section 2 above until (i) the admission of such shares to listing on any stock exchange on which the Company Stock may then be listed, (ii) receipt of any required
representation by you or completion of any registration or other qualification of such shares under any state or federal law or regulation that the Company’s counsel shall determine as necessary
or advisable, and (iii) receipt by the Company of advice by counsel that all applicable legal requirements have been complied with. Additionally, you may be required to execute a customary written
indication of your investment intent and such other agreements the Company deems necessary or appropriate to comply with applicable securities laws.

4

14.

Acceptance of Restricted Stock. By accepting any of the benefits of this award, you indicate your acceptance
of any Restricted Stock to which you may become entitled and your agreement to the terms and conditions set forth in this Agreement, which, together with the terms of the Plan, shall become the
Company’s Restricted Stock Award Agreement with you. You also hereby acknowledge receipt of a copy of the Plan and its prospectus via its availability on the Company’s
applicable websites1 and agree to all of the terms and conditions of
the Plan, as it may be amended from time to time. If you do not have access to the internet, please contact the Company’s Secretary at the contact information listed above and the Company
will provide you a hard copy of the Plan’s prospectus.

15.

Compliance with Section 409A of the Code. It is intended that this Agreement is exempt from the requirements of
Section 409A of the Code and Treasury Regulations thereunder (“Section 409A”) and this Agreement will be interpreted and operated consistently with that intent. The Company has
the authority to amend this Agreement to the extent necessary (including retroactively) in order to preserve its exemption from said Section 409A. Neither the Company, its subsidiaries and
affiliates, nor any directors, officers or employees thereof shall be liable for any taxes, penalties, fines or interest payments you incur as a result of a failure to comply with the requirements of
Section 409A.

__________ 

1 The Harris Teeter
Supermarkets, Inc. 2011 Incentive Compensation Plan may be found as Appendix A to the 2010 Ruddick Annual Report and Proxy Statement which may be found under the link “Annual Reports” on
the Company’s Investor Relations link at its website at www.harristeeter.com. The Plan prospectus may be found on the Merrill Lynch Benefits OnLine website in the plan’s Communication
Library. 

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