Document:

Amended Promissory Note

 Exhibit 10.1 
  
 AMENDED PROMISSORY NOTE 
  

	Borrower:	    CRESA Partners of Orange County, Inc. of 610 Newport Center Drive, Suite 500, Newport Beach, California 92660 

  

	Principal	Amount:     $450,000.00 

  

	 	1.	FOR VALUE RECEIVED, CRESA Partners of Orange County, Inc. promises to pay to Kevin J. Hayes at 1225 Cliff Drive, Laguna Beach, California 92651, or at such address as may later be
provided in writing to CRESA Partners of Orange County, Inc., the principal sum of Four Hundred Fifty Thousand ($450,000.00) USD, with interest payable on the unpaid principal at the rate of 4.5 percent per annum, calculated monthly not in advance.

  

	 	2.	This promissory note will be repaid in full 4 months from the execution of this promissory note. 

  

	 	3.	At any time while not in default under this Note, the Borrower may pay the outstanding balance then owing under this Note to the Lender without further bonus or penalty.

  

	 	4.	This note will be construed in accordance with and governed by the laws of the State of California. 

  

	 	5.	All cost, expenses and expenditures, including, and without limitation, the complete legal costs incurred by Kevin J. Hayes in enforcing this promissory note as a result of any
default by CRESA Partners of Orange County, Inc. will be added to the principal then outstanding and will immediately be paid by CRESA Partners of Orange County, Inc. 

  

	 	6.	This Note will enure to the benefit of and be binding upon the respective heirs, executors, administrators, successors and assigns of CRESA Partners of Orange County, Inc. and Kevin
J. Hayes. CRESA Partners of Orange County, Inc. waives presentment for payment, notice of non-payment, protest and notice of protest. 

  
 IN WITNESS WHEREOF, CRESA Partners of Orange County, Inc. has duly affixed its signature by a duly authorized officer under seal on this 12th day of August, 2004. 
  

			
	 SIGNED AND DELIVERED
 this 12th day of
August, 2004.
	 	 /s/ Jeff Manley

	 	 	 Jeff Manley, CEO
 CRESA Partners of Orange County,
Inc.Employment Agreement by and between Catalyst Rx and Kevin C Hooks

 Exhibit 10.1 
  
 EMPLOYMENT AGREEMENT 
  

THIS AGREEMENT is entered into on January 1, 2004 (“Effective Date”) by and between Catalyst Rx (“Employer”) and Kevin C. Hooks
(“Employee”) employed at Las Vegas, Nevada 89128. 
  
 WHEREAS, Employer desires to employ Employee to devote his full-time to the business of Employer and the Employee desires to be so employed. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and promises of the parties hereto, Employer and Employee agree as follows: 
  
 1. Employment. Employer agrees to employ Employee and Employee agrees
to be so employed in the capacity of President or such other position as is mutually agreed upon. The term of the Agreement shall continue from the Effective Date through December 31, 2005. Employer and Employee may mutually agree to extend the
Agreement for subsequent terms. 
  
 2. Time and Efforts.
Employee shall diligently and conscientiously devote his full and exclusive time and attention, and his best efforts to the discharge of his duties as President. Employee shall at all times discharge his duties in Employer’s best interests.
Employee shall not engage in or carry on or be employed by, directly or indirectly, any other business or profession, whether or not such other business or profession is in competition with Employer’s business (other than those listed on
Exhibit B, or any subsequent additions approved by Employer). 
  
 3. Compensation. 
  

	 	a.	Salary Compensation. From the Effective Date through January 1, 2005, Employer shall pay to Employee as compensation (“Compensation”) for his services a base salary
at the rate of two hundred fifty thousand dollars ($250,000.00) per year. 

  

	 	b.	Bonuses. 

  

	 	i.	For calendar years 2004 and 2005, Employee shall be entitled to a bonus of up to twenty percent (20%) of the gross profit margin generated by new account business and new vendor
agreements where Employee is solely or primarily responsible for such transactions or contracts. 

  

	 	ii.	At Employee’s request, all calculations required to be made under Sections 3(b)(i) and 3(b)(ii) shall be subject to independent third party verification. All bonuses shall be
paid no later than March 31 of the following year. The parties intend to preserve comparable incentives to those listed above in any renewal or extension term of this Agreement. 

  
 4. Stock Options and Shares. Subject to approval by the Board of
Directors of HealthExtras, Inc. (Employer’s parent company) or its designated committee, HealthExtras, Inc. (“HealthExtras”) shall, on or before April 1, 2004, grant to Employee options to purchase two 
  

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 hundred fifty thousand (250,000) shares of HealthExtras common stock under the 2003 HealthExtras, Inc. Equity Incentive
Plan (“Option Plan”), with 50% of such options vesting on the first anniversary of the grant date and 50% on the second anniversary of the grant date, subject to such other terms contained in the form of the HealthExtras, Inc. 2003 Equity
Incentive Plan Stock Option Award Agreement (“Award”) attached hereto as Exhibit A. Employee shall have no right or interest in any options awarded to Employee until the applicable vesting dates. If any of the terms of the Agreement or the
Award are inconsistent with the terms of the Option Plan, the Option Plan shall govern. Employee shall be entitled to future stock option grants consistent with the guidelines applied to other employees with similar levels of compensation,
performance and responsibility. 
  
 5. Employee Benefits.
Employee may participate in the various employee benefit plans that may be offered by Employer, including but not limited to medical, life, dental and disability insurance, and other benefits that are or may be made available in the ordinary course
of business to similarly situated employees of Employer. 
  
 6.
Vacations. Employee shall be entitled to three (3) weeks’ paid vacation per year and such other time off as is consistent with the routine management of the business. 
  
 7. Business Expenses. Employee shall be entitled to the reimbursement of all reasonable business expenses incurred on
behalf of or in furtherance of Employer’s business. These amounts shall specifically include reimbursement of Employee’s country club dues and any related expenses.  
  
 8. Business Records. All business records, contracts, business documents and data of any type or format concerning
clients, customers, or contractors of Employer or HealthExtras, or concerning any aspect of Employer’s or HealthExtras’ business, strategy or operations, shall be and shall remain the property of Employer, notwithstanding the subsequent
termination of this Agreement for any reason whatsoever. Employee agrees that upon the termination of his employment at any time for any reason whatsoever, any and all of the aforesaid items, and any directly or indirectly related information of any
nature, shall continue to be Employer’s property. Employee agrees that now and upon termination of his employment for any reason whatsoever, such items and related information shall not be removed from Employer’s premises, shall not be
copied in any manner, and, if any such items are not on Employer’s premises, shall be returned to Employer.  
  
 9. Confidentiality. Employee agrees to keep in strict secrecy and confidence any and all information Employee assimilates or to which he has access
during his employment with Employer, or which has not been publicly disclosed and is not a matter of common knowledge in the businesses in which Employer is engaged. Employee agrees that both during and after the term of his employment with
Employer, he will not, without Employer’s prior written consent, disclose any such confidential information to any other person or entity.  
  

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 10. Covenant Not to Compete. 
  

	 	a.	Employee recognizes and agrees that by virtue of his employment with Employer, he will be afforded opportunities to become known to various referral sources, clients, customers, and
contractors of Employer, HealthExtras and their affiliates, and prospective clients, customers, and contractors of Employer, HealthExtras and their affiliates. Employee recognizes that these opportunities are valuable rights and therefore provide a
sufficient basis for the restrictive covenants contained herein. In recognition of the above, and in further consideration of this Agreement, Employee further agrees that, during the term of this Agreement and for a period of one (1) year from the
date of the termination of Employee’s employment with Employer for any reason whatsoever, Employee shall not enter into or engage in any marketing and sales endeavors in competition with the business of Employer (other employment
responsibilities shall not be precluded) or its affiliates as they exist as of the termination of Employee’s employment, as an individual on his own account, or as a partner, an employee, or an agent for any partnership, entity, or corporation,
or as an officer or a director of a corporation; nor shall Employee solicit or contract with, either directly or through third parties, entities contracting with Employer or its affiliates. Employer and its affiliates acknowledge that Employee has
listed companies in Exhibit B and verbally throughout the terms of this Agreement. However, in the event of a change in control of HealthExtras either during the term of this agreement, or during any post-employment period where the provisions of
this section are otherwise applicable, Employer acknowledges that Employee shall not longer be bound either currently or prospectively by any non-compete provision. 

  

	 	b.	The period of time during which Employee is prohibited from engaging in the business practices specified in Subsection a., above, shall be extended by any length of time during
which Employee is in breach of any covenant of Subsection a., above. 

  

	 	c.	It is acknowledged and agreed by the parties hereto that the foregoing restrictive covenants are essential elements of this Agreement, and that, but for the agreement of Employee to
comply with such covenants, Employer would not have agreed to enter into this Agreement. Such covenants by Employee shall be construed as agreements independent of any other provision in this Agreement. The existence of any claim or cause of action
of Employee against Employer, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by Employer of such covenants. 

  

	 	d.	It is agreed by the parties hereto that if any covenant set forth in this Section 10 is held to be unreasonable, arbitrary, or against public policy, then such covenant shall be
considered divisible, both as to time and as to geographical area. Employer and Employee agree that the foregoing covenants are appropriate and reasonable when considered in light of the nature and extent of the business conducted by Employer and
its affiliates. 

  

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	 	e.	In the event of the breach or threatened breach by Employee of the covenants contained herein, Employee agrees that Employer shall be entitled to both preliminary and permanent
injunctions, enjoining and restraining such breach or threatened breach, and such remedies shall be in addition to all other remedies which may be available to Employer either at law or in equity. Employer and Employee agree and acknowledge that a
violation of any covenant contained herein shall cause Employer to suffer irreparable damages and Employee agrees that he is estopped from subsequently asserting in any action to enforce the provisions of any covenant contained herein that Employer
has an adequate remedy at law and therefore is not entitled to injunctive relief. 

  
 11. Disclosure. During any term of this Agreement, Employee shall disclose, and disclose only to Employer, all ideas, methods, plans, development
or improvements known by him which relate directly or indirectly to the business of Employer, whether acquired by Employee before or during his employment with Employer; provided, however, that nothing in this Section 11 shall be construed as
requiring any such communication or disclosure where the idea, plan, method, development or improvement is lawfully protected from disclosure as a trade secret of a third party or by any other lawful prohibition against such communication or
disclosure. 
  
 12. Specific Performance. Employee agrees
that damages will be an insufficient remedy to Employer if Employee violates Sections 8, 9, 10 or 11 of this Agreement, and that Employer, upon application to a court of competent jurisdiction, shall be entitled to obtain injunctive relief to
enforce the provisions of such Sections, which injunctive relief shall be in addition to any other rights or remedies available to Employer. 
  
 13. Obligation of Employer on Termination of Employment by Employer. Except for cause or voluntary resignation, if during the initial term of this
Agreement, Employer terminates the services of Employee or Employee is permanently disabled or deceased, Employer shall continue Employee’s Compensation through the balance of the initial term payable to Employee or his heirs or estate, as the
case may be. Employee shall be responsible for any and all taxes or payments made pursuant to this section. Any payments made hereunder shall not affect Employee’s date of termination. 
  
 14. Notices. All notices required or permitted to be given under this
Agreement shall be given by certified mail, return receipt requested, to the parties at the following addresses as either may be designated in writing to the other party: 
  

			
	If to Employer:	  	David T. Blair
	 	  	HealthExtras, Inc.
	 	  	2273 Research Boulevard
	 	  	Second Floor
	 	  	Rockville, Maryland 20850
		
	If to Employee:	  	Kevin C. Hooks
	 	  	9525 Hillwood Drive
	 	  	Suite 100
	 	  	Las Vegas, NV 89134

  

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 15. Governing Law. This Agreement shall be construed and enforced in accordance with the laws of
the State of Nevada, without regard to principles of conflict of laws. 
  
 16. Entire Contract. This Agreement constitutes the entire understanding and agreement between Employer and Employee with regard to all matters herein up to the date of this Agreement. This Agreement may be amended only in writing,
signed by both parties hereto. 
  
 17. Waiver of Breach. No
assent or waiver, express or implied, of any breach of any one or more of the covenants, conditions or provisions of this Agreement shall be deemed a waiver of any subsequent breach, or a waiver of any other covenant, condition or provision of this
Agreement.  
  
 18. Binding Effect. The rights and
obligations of the parties under this Agreement shall inure to the benefit of, and shall be binding upon, the respective heirs, devisees, executors, administrators, legal representatives, personal representatives, successors and assigns of the
parties.  
  
 19. Severability. If any part of this
Agreement is determined to be illegal or unenforceable, all other parts shall be given effect separately and shall not be affected. 
  
 20. Interpretation. The language used in this Agreement shall not be construed in favor of or against either of the parties, but shall be construed
as if both of the parties prepared this Agreement. 
  
 [SIGNATURE PAGE FOLLOWS] 
  

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 IN WITNESS WHEREOF, the undersigned have executed this Agreement. 
  

					
	 	 	EMPLOYEE
			
	Date: January 1, 2004	 	By:	 	  

	 	 	 	 	Kevin C. Hooks
		
	 	 	CATALYST RX
			
	Date: January 1, 2004	 	By:	 	  

	 	 	 	 	David T. Blair, Chief Executive Officer

  

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