Document:

EXHIBIT 10.34

 

PROMISSORY NOTE

 

	
Amount:  $100,000
    	
 
    	
Date:  March 20, 2012
    

 

For value received, the undersigned, GeoPetro Resources Company (“Payor”), hereby promises to pay on demand to Stuart J. Doshi (“Holder”) the principal sum of One Hundred Thousand ($100,000.00) with interest from March 20, 2012 at a rate of ten percent (10%) per annum, payable quarterly, or upon repayment of the loan in the event that the loan is repaid earlier. Additionally, the Company will issue 20,000 warrants to purchase 20,000 shares of GeoPetro Resources Company’s common stock to the Holder or his designee(s) at an exercise price of $0.50 per share, good for three (3) years.

 

 

	
Signed   by:
    	
 
    
	
GeoPetro Resources Company
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/   David V. Creel
    	
 
    
	
David   V. Creel
    	
 
    
	
Vice   President  
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/   Dale W. Dvoracek
    	
 
    
	
Dale   W. Dvoracek
    	
 
    
	
ControllerNLNK-2011.12.31-EX32.1

EXHIBIT 32.1
CERTIFICATION
Pursuant to the requirements set forth in Rule 13a-14(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. § 1350), Charles J. Link, Jr., the Chief Executive Officer of NewLink Genetics Corporation and Gordon H. Link, Jr., the Chief Financial Officer and Secretary of NewLink Genetics Corporation (the “Company”), each hereby certifies that, to the best of his knowledge:
1.    The Company’s Annual Report on Form 10-K for the period ended December 31, 2011, to which this Certification is attached as Exhibit 32.01 (the “Annual Report”), fully complies with the requirements of Section 13(a) or Section 15(d) of the Exchange Act; and
2.    The information contained in the Annual Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Dated: March 29, 2012
	
			
	 
	 
	 

	 
	 
	/s/ Charles J. Link, Jr.

Charles J. Link, Jr. 
Chief Executive Officer 
(Principal Executive Officer)

	 
	 
	 
/s/ Gordon H. Link, Jr.

Gordon H. Link, Jr.Chief Financial Officer and Secretary 
(Principal Financial and Accounting Officer)

        A signed original of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its Staff upon request. This certification “accompanies” the Form 10-K to which it relates, is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Form 10-K), irrespective of any general incorporation language contained in such filing.Form 10-K 2011 Exhibit 10.39

Exhibit 10.39

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this "Agreement"), dated as of December 23, 2011 and
effective as of April  1, 2011 (the "Effective Date"), is entered into among MMRGlobal, Inc., a Delaware corporation ("Parent"),
MyMedicalRecords, Inc., a Delaware corporation and wholly-owned subsidiary of Parent (the "Company") and Richard M. Lagani (the
"Executive").

WITNESSETH:

WHEREAS, the Company desires to employ the Executive so that it will have the benefit of his ability, experience and services, and
Parent desires to employ the Executive as its Executive Vice President and a member of the Executive Management Committee;

WHEREAS, the Executive is willing to enter into this Agreement to that end, upon the terms and conditions hereinafter set
forth;

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby covenant and agree as follows:

	Employment 

Each of Parent and the Company hereby agrees to employ the Executive, and the Executive hereby agrees to be in the
employ of Parent and the Company, on and subject to the terms and conditions of this Agreement.

	Term 

The period of this Agreement (the "Agreement Term") shall commence on the Effective Date and shall expire on April 30, 2013
(the "Initial Term") unless extended or otherwise terminated pursuant to this Agreement (the "Employment Period"). The Agreement
Term shall be extended automatically for successive additional one-year periods at the expiration of the then-current term unless
written notice of non-extension is provided by Executive to the Company and Parent, or by Parent and the Company to the Executive
after appropriate Board resolution, in either case within at least 30 days prior to the expiration of the Initial Term or such extended term,
as the case may be.

	Position, Authority and Responsibilities 

	The Executive shall serve as, and with the title, office and authority of, the Executive Vice President and Member of the
Executive Management Committee of Parent and the Company. In this capacity, the Executive shall report directly to the President and
Chief Executive Officer of Parent and the Company (the "CEO") or its assignee. The Executive shall also hold such other ancillary titles
and offices with Parent or the Company or their respective affiliates as may be reasonably requested by the CEO. 
	Subject to the authority provided by the CEO, the Executive shall have the full authority of the Executive Vice President of each of
Parent and the Company, and he shall have such duties and responsibilities to Parent and the Company as are commensurate with
such authority.

	The Executive agrees to devote all of his business time, efforts and skills to the performance of his duties and responsibilities
under this Agreement. 

                                              -1-

	Compensation and Benefits 

In consideration of the services rendered by the Executive during the Employment Period, the Company shall pay or provide
(and Parent shall cause the Company to pay or provide) the Executive the compensation and benefits set forth below.

	Salary. The Company shall pay the Executive a base salary during the Employment Period (the "Base Salary") at the rate
of $12,000 per month payable on the normal payroll dates for the Company. The Base Salary shall be subject to an increase as
determined by the Board of Directors of Parent from time to time in its sole discretion. 
	Commissions. Commissions shall be paid according to the attached Schedule A, which may be amended in writing from time
to time.
	Annual Bonus. Each year during the Employment Period, the Executive shall earn an annual bonus (the "Annual Bonus") as
determined by the Board of Directors of Parent in its sole discretion. 
	Stock Options. Each year during the Employment Period, the Executive shall be entitled to a grant or grants of stock
options (the "Option Grants") as determined by the Board of Directors of Parent in its sole discretion. 
	Employee Benefits. The Executive shall be entitled to (i) health insurance pursuant to the plan made available generally to
employees of Parent and the Company; (ii) Four (4) weeks vacation pursuant to the policies of the Company and Parent for each
twelve (12) month period during the Employment Period; and (iii) such other benefits and perquisites that are generally made available
to senior executives of Parent and the Company from time to time. Executive further agrees to be bound by the policies and procedures
outlined in the Company's and Parent's Employee Manual. 
	Indemnification. The Executive shall be provided with any indemnification rights and indemnification insurance coverage
on the same basis as are provided to other senior executives of Parent or the Company. 
	Reimbursement of Expenses. The Company shall reimburse all reasonable business expenses and disbursements
incurred by the Executive in the performance of his duties under this Agreement in accordance with the Company's normal practices
and procedures upon accounting thereafter. 
	Deferred Compensation and Interest. Parent and the Company acknowledge that the Executive agrees that it could be
necessary to defer certain payments or benefits, and Parent and the Company do not intend that Executive relinquish, and Executive
does not hereby relinquish, any rights thereto.

	Termination of Employment 

The Employment Period shall be terminated upon the happening of any of the following events, subject to the provisions of this
Agreement applicable to termination of employment under certain circumstances.

	Termination without Cause. Parent or the Company may terminate the Executive's employment hereunder for any reason
by giving the Executive 30 days' advance written notice of such termination. 
	Termination for Cause. Parent or the Company may terminate the Executive's employment hereunder for Cause. For
purposes of this Agreement, the Executive shall be considered to be terminated for "Cause" upon (i) willful breach of the material terms
of this Agreement, (ii) demonstrated fraud in connection with performance of his duties hereunder as determined by a court of
competent jurisdiction; or (iii) the final conviction for, or plea of nolo contendere to, a charge of commission of a
felony; or (iv) failure to comply with the policies and procedures outlined in the Company's and Parent's Employee Manual. 
	Resignation without Good Reason. The Executive may voluntarily terminate his employment hereunder for any reason
that does not constitute Good Reason (as set forth below) by giving Parent or the Company 30 days' advance written notice of such
termination. 

                                              -2-

	Resignation for Good Reason. The Executive may voluntarily terminate his employment hereunder for Good Reason. For
purposes of this Agreement, "Good Reason" shall mean: 

	any material failure by Parent or the Company to comply with the compensation and benefits provisions of Section 4 hereof; 
	a change in the Executive's reporting structure or his responsibilities
	a Change in Control shall have occurred after December 31, 2011 and a similar position is not available for the Executive; or 
	any material breach of this Agreement by the Company. 

In no event shall the Executive be considered to have terminated his employment for "Good Reason" unless and until (i) Parent or
the Company receives written notice from the Executive identifying in reasonable detail the acts or omissions constituting such "Good
Reason" and the provision of this Agreement relied upon by the Executive for such termination, and (ii) such acts or omissions are not
cured by Parent or the Company within 30 days of the Company's receipt of such notice. As used in this section (d), "Change in
Control" means the occurrence of any one or more of the following: (A) any person (which may be individual, a corporation, a limited
liability company, an association, a partnership, an estate, a trust or any other entity or organization) becomes the owner of 50% or
more of the voting power of Parent's capital stock; or (B) a reorganization, merger, consolidation or similar transaction that will result in
the transfer of ownership of more than 50% of voting power of Parent's capital stock or that will result in the issuance of new shares of
Parent's capital stock with voting power equal to more than 50% of the amount of the voting power of Parent capital stock outstanding
immediately prior to such issuance; or (C) liquidation or dissolution of Parent or sale of substantially all of Parent's assets.

	Death or Disability. The Executive's employment hereunder shall terminate upon his death or Disability. For purposes of
this Agreement, "Disability" shall mean the inability of the Executive to perform his duties hereunder on account of physical or mental
illness or incapacity for a period of three consecutive months, or for a period of six months, whether or not consecutive, during
any 12-month period. The Executive's employment hereunder shall be deemed terminated by reason of Disability on the last day of the
applicable period, provided the Executive receives written notice from Parent or the Company, at least 30 days in advance of such
termination, stating its intention to terminate the Executive's employment by reason of Disability. 
	Mutual Agreement. The Executive's employment hereunder may be terminated at any time by mutual written agreement
between the Executive, Parent and the Company. 

	Rights Upon Termination 

In the event the Executive's employment by Parent or the Company is terminated during the Agreement Term, the Executive
shall have the rights provided below.

	Resignation for Good Reason. In the event the Executive voluntarily terminates his employment hereunder for Good
Reason, the Company shall pay (and Parent shall cause the Company to pay) the Executive an amount equal to the sum of: 

	Two (2) months if such resignation occurs within the first year of employment, Four (4) months if such resignation occurs within the
first day of the second year and the last day of the second year of employment or Six (6) months if such resignation occurs after the last
day of the second year (or, in the case of a Change of Control,twelve months) salary at the Executive's rate of pay at the time of
termination, including all benefits payable monthly for the applicable number of months; and 
	in respect of his Annual Bonus, the then current amount due, if any, shall be multiplied by a fraction, the numerator of which is the
number of days in the calendar year up to the effective date of termination and the denominator of which is 365. 

                                              -3-

In addition, the Company shall pay (and Parent shall cause the Company to pay) the Executive the accrued and vested benefit
amount of options and or under the Long-Term Incentive Plan subject to and in accordance with the terms and conditions under the
Long-Term Incentive Plan if any. Notwithstanding the foregoing, in the event of a material breach by the Executive of any of the
restrictive covenants set forth in Section 7 hereof, the Executive shall immediately forfeit all rights to payments made or to be made
pursuant to this paragraph (a).

	Termination without Cause. In the event the Executive is terminated by Parent or the Company other than for Cause,
death or Disability, the Company shall pay (and Parent shall cause the Company to pay) the Executive an amount equal to the sum of:

	Two (2) months if such termination occurs within the first year of employment, Four (4) months if such termination occurs within the
first day of the second year and the last day of the second year of employment or Six (6) months if such termination occurs after the last
day of the second year (or, in the case of a Change of Control, twelve months) salary at the Executive's rate of pay at the time of
termination, including all benefits payable monthly for the applicable number of months; and 
	in respect of his Annual Bonus, the then current amount, if any, due shall be multiplied by a fraction, the numerator of which is the
number of days in the calendar year up to the effective date of termination and the denominator of which is 365 

Notwithstanding the foregoing, in the event of a material breach by the Executive of any of the restrictive covenants set forth in
Section 7 hereof, the Executive shall immediately forfeit all rights to payments made or to be made pursuant to this paragraph (b).

	Resignation without Good Reason: Termination for Cause; Death or Disability. In the event the Executive's employment
hereunder is terminated voluntarily other than for Good Reason, by Parent or the Company for Cause, or on account of death, the
Executive shall not be entitled to receive, and the Company shall have no obligation to provide, any severance payments or benefits
under this Agreement. 
	Other Obligations. The benefits payable to the Executive under this Agreement are not in lieu of any benefits
payable under any employee benefit plan, program or arrangement of Parent or the Company except as specifically provided herein,
and upon termination of employment, the Executive will receive such benefits or payments, if any, as he may be entitled to receive
pursuant to the terms of such plans, programs and arrangements. Except for the obligations of Parent or the Company provided by this
Section 6, Parent and the Company shall have no other obligations to the Executive upon his termination of employment. 
	Release of Claims. As a condition of the Executive's entitlement to any of the termination rights provided in this Section 6,
Parent and the Company may require the Executive to execute and honor a release of claims in a standard and customary form for
terminations of employment, subject to such modifications as are necessary to reflect the obligations of the parties under this
Agreement. 

	Restrictive Covenants 

	Nondisclosure of Information. The Executive agrees to receive confidential and proprietary information of Parent and
the Company in confidence and not to disclose such information to others except as authorized by Parent and the Company.
Confidential and proprietary information shall mean information not generally known to the public that is disclosed to the Executive as a
consequence of employment by Parent and the Company, whether or not pursuant to this Agreement. If the Board determines that it is
necessary, the Executive will execute a separate non-disclosure agreement in a form reasonably acceptable to both Parent and the
Company and the Executive. The provisions of this paragraph (a) shall survive the termination of this Agreement by either party.

                                              -4-

	Covenant Not to Compete. The Executive agrees to not, during the Employment Period and for a period of 12 months
thereafter, voluntarily or involuntarily, for any reason whatsoever, directly or indirectly, individually or on behalf of parties not parties to
this Agreement, or as a partner, stockholder, director, officer, principal, agent, employee, or in any other capacity or relationship engage
in any business or employment, or aid or endeavor to assist in any legal entity, which is in competition with the products and/or services
of Parent and the Company within the United States of America or any foreign country where Parent and the Company conduct
business. Parent and the Company and the Executive acknowledge the reasonableness of this covenant not to compete and the
reasonableness of the geographic area and duration of time which is part of this covenant. The provisions of this paragraph (b) shall
survive the termination of this Agreement by either party. 
	Noninterference. The Executive agrees that, during the Employment Period and for a period of 12 months thereafter, he
shall not, on his own behalf or on behalf of any other Person, solicit or in any manner influence or encourage any current or prospective
customer, employee or other Person who has a business relationship with Parent and the Company or any affiliate, to terminate or limit
in any way their relationship with Parent and the Company, or interfere in any way with such relationship. For purposes hereof, (i) the
term "Person" is to be construed in the broadest sense and means and includes any natural person, company, limited liability company,
partnership, joint venture, corporation, business trust, unincorporated organization or any governmental authority, and (ii) a Person shall
be considered a "prospective" customer or employee if Parent and the Company or any affiliate has entered into discussions or
otherwise made contact with the Person for the purpose of any such engagement within the six-month period prior to any solicitation by
the Executive, and such fact is known or made known to the Executive prior to such solicitation. 
	Moral Duty. Employee understands that the value of Employee's services hereunder would be materially reduced or
impaired to the extent that Employee were to be indicted or arrested (or otherwise accused by a governmental body having proper
jurisdiction) for committing a crime of moral turpitude or for behavior relating to the use or abuse of alcohol or controlled substances. In
the event of such arrest or indictment or accusation, Company shall have the right prospectively and immediately to terminate this
agreement, except that section 7 hereof shall survive such termination. The waiver of any one such incident by Company shall not
constitute a waiver of the provisions of this paragraph.  Employee also understands that the Company is engaged in providing secure
on-line services for the storage of customers' personal medical records and other sensitive customer materials.  Employee understands
that the value of employee's services hereunder would be materially reduced or impaired to the extent that employee accesses
improper or immoral or obscene content using internet equipment provided to employee by employer or accessing such content while
on employer's premises.  In the event of such conduct, the Company shall have the right prospective and immediately to terminate this
agreement, except that section 7 hereof shall survive such termination. The waiver of any one such incident by Company shall not
constitute a waiver of the provisions of this paragraph.
	Enforcement. 

	Executive acknowledges and agrees that the provisions of this Section 7 are reasonable and necessary for the successful
operation of Parent and the Company. Executive further acknowledges that if he breaches any provision of this Section 7, Parent and
the Company will suffer irreparable injury. It is therefore agreed that Parent and the Company shall have the right to enjoin any such
breach or threatened breach, without posting any bond, if ordered by a court of competent jurisdiction. The existence of this right to
injunctive and other equitable relief shall not limit any other rights or remedies that Parent and the Company may have at law or in
equity including, without limitation, the right to monetary, compensatory and punitive damages. In the event of a breach by the
Executive of his obligations under this Section 7, in addition to all other available remedies, the Executive shall forfeit any rights to
severance compensation as provided in Section 6(a) hereof. If any provision of this Section 7 is determined by a court of competent
jurisdiction to be not enforceable in the manner set forth herein, the Executive and Parent and the Company agree that it is the intention
of the parties that such provision should be enforceable to the maximum extent possible under applicable law. If any provisions of this
Section 7 are held to be invalid or unenforceable, such invalidation 

                                              -5-

or unenforceability shall not affect the validity or enforceability of any other provision of this Section 7 (or any portion thereof).

	The Executive specifically acknowledges and agrees that his rights to benefits under any Long-Term Incentive Plan are in
consideration of his covenants under paragraphs (b) and (c) of this Section 7. Therefore, the Executive further acknowledges and
agrees that in the event of a breach by the Executive of his obligations under such covenants, the Executive shall immediately forfeit all
rights under the Long-Term Incentive Plan and shall promptly repay Parent and the Company all amounts previously received
thereunder. 

	Miscellaneous 

	Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of Parent and the
Company, successors and permitted assignees. This Agreement shall not be assignable by Parent or the Company without the prior
written consent of the Executive. This Agreement and all rights of the Executive hereunder shall inure to the benefit of and be
enforceable by the Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees
and legatees. 
	Tax Withholding. All compensation payable pursuant to this Agreement shall be subject to reduction by all applicable
withholding, social security and other federal, state and local taxes and deductions. 
	Board Actions. For purposes of this Agreement, any action or determination required or taken by the Board of Parent shall
be made by the vote of a majority of its members other than the Executive. 
	Entire Agreement; Cancellation of Original Agreement. This Agreement supersedes any prior agreements in all respects,
provided, however that nothing herein shall be construed so as to deprive Executive or the Company of any accrued rights which either
may have under the Original Agreement. This Agreement sets forth the entire agreement of the Executive and Parent and the Company
in respect of the subject matter contained herein and supersedes all prior agreements, promises, covenants, arrangements,
communications, representations or warranties, whether oral or written, by the parties hereto in respect of the subject matter contained
herein. Any amendment or modification of this Agreement shall not be binding unless in writing and signed by Parent and the Company
and the Executive. 
	Severability. In the event that any provision of this Agreement is determined to be invalid or unenforceable, the remaining
terms and conditions of this Agreement shall be unaffected and shall remain in full force and effect, and any such determination of
invalidity or unenforceability shall not affect the validity or enforceability of any other provision of this Agreement. 
	Notices. All notices which may be necessary or proper for either Parent and the Company or the Executive to give to the
other shall be in writing and shall be delivered by hand or sent by registered or certified mail, return receipt requested, or by air courier,
and shall be deemed given when sent, to the respective persons at the addresses set forth in Annex A (or such other address as any
party may provide to the other parties after the date hereof). 
	Governing Law. This Agreement shall be governed by and enforceable in accordance with the laws of the State of
California, without giving effect to the principles of conflict of laws thereof. 
	Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if
the signatures thereto and hereto were upon the same instrument. 

[SIGNATURES ON FOLLOWING PAGE]

                                              -6-

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above.

MyMedicalRecords, Inc.

By:         /s/ Robert H. Lorsch        

Name: Robert H. Lorsch

Title: President & CEO

MMRGlobal, Inc.

By:         /s/ Robert H. Lorsch        

Name: Robert H. Lorsch

Title: President & CEO

Richard M. Lagani

Signature:         /s/ Richard M. Lagani        

 

                                              -7-

SCHEDULE A

Commissions to be paid as follows:

	8% on any Chartis worldwide sales in 2011 and a 3% residual commission on those same sales for future years.   Residuals will be
paid up to one year after termination of agreement. 
	6% on any Chartis worldwide sales in 2012 and a 3% residual commission on those same sales for future years.  Residuals will be
paid up to one year after termination of agreement.
	Any other new service business sales for non-existent accounts brought by the Executive will earn 8% commission on first year
and 4% on subsequent years unless otherwise agreed. Residuals will be paid up to one year after termination of agreement.
	$500 per unit on sales of MMRPro through Kodak Resellers (i.e. Image Access, NY) or other resellers, resulting from the
Executive's material involvement in negotiating such contracts with the resellers, plus 2% on patient upgrades on such sales.
Residuals will be paid up to one year after termination of agreement.

 

                                              -8-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}]]