Document:

Consulting Agreement, dated as of March 7, 2012

 Exhibit 10.9 

 
 

 
 March 7, 2012 
 Mr. Richard Silver 
 c/o 1290 Avenue of Americas 

New York, New York 10104 
 Re:
Consulting Agreement 
 Dear Dick: 
 This letter agreement (the “Agreement”) confirms our understanding regarding certain post-employment consulting services you will provide to AXA Equitable Life Insurance Company (the
“Company”) and its affiliates. Please confirm your agreement with the terms of this Agreement by signing both copies and returning one to me. 
 Term of Agreement 
 The term of this Agreement shall be one year, commencing on May 1,
2012 and ending on April 30, 2013 unless terminated earlier in accordance with the terms of this Agreement. Notwithstanding the preceding sentence or anything else to the contrary in this Agreement, this Agreement shall become void and no
amounts shall be paid or payable to you hereunder unless you execute, and do not exercise any rights you may have to revoke, a separation agreement with the Company, including a general release, by May 30, 2012. 

Scope of Services 
 You will serve in a
non-officer capacity as advisor to the Chief Executive Officer of the Company (the “CEO”). In that capacity, you will provide advice and assistance to the Company and its affiliates as may be requested from time to time by the CEO on
matters within your area of knowledge, expertise and experience. 
 It is expected that you will work from your home, except to the extent the
CEO requests that you meet occasionally at the Company’s New York headquarters or travel on business to such other locations as the CEO may specify. In no event shall the time spent by you providing services under this Agreement exceed 20 hours
in any month. 
 Compensation 
 As compensation for your services provided under this Agreement, the Company will pay you $141,666.66 monthly in arrears, not later than the 5th business day following the end of each month up to a maximum payable under this Agreement of $1,700,000. 

Reimbursement of Expenses 
 You will be
reimbursed for reasonable, ordinary and necessary business expenses, including travel and lodging expenses, that are incurred and approved by the Company in accordance with the Company’s normal practices and procedures for consultants as of
May 1, 2012, including practices and procedures requiring the use of specified travel vendors. 

  

 Independent Contractor 
 You will be an independent contractor with respect to the Company for all purposes of this Agreement and, accordingly, will not be authorized to bind the Company to third parties. The Company expects you
to exercise independent professional judgment in the performance of your services under this Agreement. Nothing herein will be deemed to create an employer-employee relationship, partnership, joint venture or agency between you and the Company. The
Company reserves no right hereunder to direct or control, nor will the Company, in fact, direct or control the manner of your performance of services hereunder. 
 No Benefits 
 You will not be eligible to participate in any compensation or employee
benefit plan or program of the Company or its affiliates in connection with the services rendered by you under this Agreement, including, but not limited to, any retirement, incentive, equity, health, welfare, severance, fringe benefit or deferred
compensation plan. You irrevocably waive the right to accrue benefits under any such plan or program in the event you are subsequently reclassified by any court or governmental authority as eligible for such participation. Nothing in this Agreement
is intended to diminish your right to receive any benefits under the terms of any benefit plan of the Company arising out of your employment with, or retirement from, the Company prior to the commencement of this Agreement. Notwithstanding the
foregoing, for so long as payments are being made under this Agreement, you shall be permitted to participate under the Company’s Privileged Membership with the Practising Law Institute at no cost to you and the Company’s excess liability
insurance program provided that you pay the cost of such coverage. 
 Indemnification 

The Company agrees to indemnify you for any and all claims, liabilities, losses, damages, costs and expenses (including, without limitation,
attorneys’ fees) arising out of or relating to your services under this Agreement except for those resulting from your willful misconduct or gross negligence. The Company may elect, at its own expense, to participate in the
defense of any claim or action arising out of or relating to the foregoing. You shall not settle or compromise any claim or action hereunder, including, without limitation, any claim for equitable relief, without the Company’s prior written
consent. 
 Nonassignability 

Your performance of services under this Agreement is personal in nature, and you agree not to assign this Agreement nor delegate any of the duties or
obligations hereunder without the prior written consent of the Company. 
 Confidentiality 

During and after the term of this Agreement, and except as otherwise required by law, you will not disclose or make accessible to any business, person or
entity, or make use of (other than in the course of the business of the Company) any trade secrets, proprietary knowledge or confidential information of the Company and its affiliates, including without limitation confidential customer and
employee information (collectively, “Confidential Information”). All information regarding or relating to any aspect of the business of the Company or any of its affiliates, including but not limited to that relating to existing or
contemplated business plans, activities or procedures, current or prospective customers, current or prospective contracts or 

  
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other business arrangements, current or prospective products, facilities and methods, manuals, intellectual property, price lists, financial information (including the revenues, sales, costs, or
profits associated with any of the products or services of the Company or any of its affiliates), or any other information acquired by you pursuant to your association with the Company and its affiliates shall be conclusively presumed to be
Confidential Information unless it is established that such information is known generally to the public (other than as a result of unauthorized disclosure by you). 
 If you are requested or required by any court, agency or other governmental authority to disclose any Confidential Information, you will promptly notify the Company so as to permit the Company to seek a
protective order or take other appropriate action. If, in the absence of a protective order, you are compelled as a matter of law to disclose any Confidential Information, you will disclose to the party compelling disclosure only such portion of the
requested information as is required by law to be disclosed. You will reasonably cooperate with any efforts by the Company to obtain assurances that confidential treatment will be accorded to whatever Confidential Information is required to be
disclosed under such circumstances. The provisions of this paragraph and the immediately preceding paragraph shall survive the termination of this Agreement for any reason. 
 Non-Disparagement 
 During and after the term of this Agreement, you agree that you will
not disparage or criticize the Company or its affiliates, or issue any communication, written or otherwise, that reflects adversely on or encourages any adverse action against the Company or its affiliates, except if testifying truthfully under oath
pursuant to any lawful court order or subpoena or otherwise responding to or providing disclosures required by law. The provisions of this paragraph shall survive the termination of this Agreement for any reason. 

Non-Solicitation/Non-Competition 
 You
acknowledge that, during the term of this Agreement, you will have access to Confidential Information, including without limitation confidential customer and employee information. You acknowledge that the Company has a critical interest
in retaining its employee and customer relationships. As a result, during the period from May 1, 2012 to April 30, 2013, you will not (a) directly or indirectly, recruit, solicit or hire any then-current employees or financial
professionals of the Company or any of its affiliates to work for you or any other person or entity, or (b) directly or indirectly solicit the business of any customer or prospective customer of the Company or any of its affiliates for any
purpose other than to obtain, maintain and/or service the customer’s business for the Company or any of its affiliates. Notwithstanding the foregoing, you shall not be prevented from hiring any such person who responds to a general,
non-targeted advertisement for employment. Further, during the period from May 1, 2012 to April 30, 2013, you will not provide services, in any capacity, whether as an employee, consultant, independent contractor, owner, partner,
shareholder, director, or otherwise, to Metropolitan Life Insurance Company, The Prudential Insurance Company of America or Jackson National Life Insurance Company and/or any of their affiliates with respect to the design, issuance and/or
distribution of life insurance or variable annuity products. The foregoing shall not prohibit you from providing to any of the aforementioned companies’ compliance services or advice, or services or advice in connection with any regulatory
investigation or inquiry, subject in all cases to your confidentiality obligations hereunder. The provisions of this paragraph shall survive the termination of this Agreement for any reason. 

  
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 Termination 
 Either party may terminate this Agreement by giving the other party at least thirty (30) days’ prior written notice. In addition, this Agreement shall be immediately terminable: (a) by
either party should the other party commit any material breach or violation thereof or (b) by the Company if you should begin providing any services to any person or entity. In the event of termination, the parties will have no further
obligations under this Agreement except as specifically provided herein. In the event: (a) the Company terminates the Agreement for any reason other than your material breach or violation, (b) you terminate the agreement because, as a
condition of employment (or continued employment), your new employer does not permit you to continue to provide services under this Agreement or (c) of your death, the Company will: (i) pay you (in the event of your death, your spouse, if
any, otherwise to your estate) the remaining unpaid amounts specified above under “Compensation” on the schedule set forth therein and (ii) reimburse you for allowable expenses incurred prior to your termination as described above
under “Reimbursement of Expenses.” Notwithstanding the foregoing, the Company will have no obligation to pay you any further amounts if you begin providing services to Metropolitan Life Insurance Company, The Prudential Insurance Company
of America or Jackson National Life Insurance Company and/or any of their affiliates at any time prior to April 30, 2013 in violation of the “Non-Solicitation/Non-Competition” paragraph above. The provisions of this paragraph shall
survive the termination of this Agreement for any reason. 
 Arbitration 
 Any controversy or dispute arising under this Agreement or out of your consulting arrangement with the Company, including but not limited to claims of discrimination and/or
harassment, shall be submitted to arbitration upon demand of either party. Notwithstanding this provision, the Company shall be entitled to apply for and to obtain from any state or federal court, injunctive relief related to the
Confidentiality, Non-Disparagement and Non-Solicitation/Non-Competition provisions of this Agreement before or after the commencement of any arbitration, with such injunctive relief to be afforded to the Company pending the outcome
of any arbitration. Any arbitration pursuant to this Agreement shall be confidential, heard by a panel of three arbitrators and be conducted in accordance with the rules and procedures of the American Arbitration
Association. It is understood that this arbitration provision does not constitute a waiver of the right to seek relief in a judicial forum to the extent that this arbitration provision is determined to be void or unenforceable under applicable
law. Judgment upon any award of arbitrators may be entered into by any court, state or federal, having appropriate jurisdiction. 

Affiliates 
 For purposes of this
Agreement, “affiliates,” when used with respect to the Company, shall mean entities that, directly or indirectly, control, are controlled by or are under common control with the Company. 

No Waiver 
 The failure of either the
Company or you to enforce any provision of this Agreement on any occasion will not operate as a waiver of the right to enforce that or any other provision of this Agreement on any other occasion. 

  
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 Severability 
 The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provisions of this Agreement, which shall remain in full force and
effect. 
 Notices 
 Any and
all notices provided for under this Agreement shall be in writing and hand delivered or sent by first class registered or certified mail, postage prepaid, return receipt requested, addressed to you at: 5 Barnes Lane, Garden City, New York 11530 or
to the Company, attention General Counsel, at its usual place of business, and all such notices shall be deemed effective at the time of delivery or at the time delivery is refused by the addressee upon presentation. 

Entire Agreement 
 This Agreement
constitutes our entire agreement relating to the subject matter hereof and supersedes all prior agreements, written or otherwise, between the Company and you relating to the subject matter hereof. This Agreement may not be amended, except by a
further written agreement signed by both parties. 
 Governing Law 
 This Agreement and the rights and obligations of the parties hereunder shall be construed, interpreted, and enforced in accordance with the laws of the State of New York (applicable to contracts to be
performed wholly within such State). 
 Counterparts 
 This Agreement may be signed in one or more counterparts, each of which will be considered an original, and taken together as one and the same document. 

 

	
	Sincerely,
	
	/s/ Richard Dziadzio        
	Richard Dziadzio
	Senior Executive Vice President and
	 Chief Financial Officer

	AXA Equitable Life Insurance Company

  

			
	ACCEPTED AND AGREED:
		
	By:	 	/s/ Richard Silver        
		 	Richard Silver
		
	Date:	 	March 7, 2012

  
 5Form of Subscription Agreement

 Exhibit 4.1 
 PUBLIC OFFERING SUBSCRIPTION AGREEMENT 
 RED BULLET RACING CORPORATION

 FOR MORE INFORMATION ON THE OFFERING, PLEASE SEE SCHEDULE A BEGINNING ON PAGE 3. FOR A COMPLETE DESCRIPTION OF THE PUBLIC OFFERING AND
INFORMATION REGARDING INVESTMENT RISKS, YOU ARE URGED TO READ THE PROSPECTUS. 
 PLEASE READ THE INSTRUCTIONS ON SCHEDULE B BEGINNING ON
PAGE 4 CAREFULLY ON HOW TO FILL IN AND COMPLETE THIS PUBLIC OFFERING SUBSCRIPTION AGREEMENT AND ALL OF THE SCHEDULES ATTACHED HERETO. INCOMPLETE SUBSCRIPTION AGREEMENTS WILL BE REJECTED. 

 
  

The undersigned subscribes for and agrees to purchase shares of common stock of Red Bullet Racing Corporation (the “Company”)
pursuant to the offering (the “Public Offering”) described in, and upon the terms and conditions set forth in, the prospectus dated March     , 2012, as amended or supplemented through the closing of the Public Offering
(the “Prospectus”), as follows. 
  

					
	 Number of Shares

You Wish to Purchase
	  	 Price Per Share
	  	 Total Purchase Price

	                    	  	 × $10.00
 ($11.00 per share if paying by debit card)
	  	= $            

 The shares purchased will be registered in my/our name only, as holder of record, and a receipt
will be delivered to me/us as soon as practicable after the closing of the Public Offering. The receipt will be delivered to me/us at the address set forth below. I/we have given my/our Social Security or Tax Identification number and current
telephone numbers below. PLEASE PRINT THE FOLLOWING INFORMATION LEGIBLY AND SIGN THIS SUBSCRIPTION AGREEMENT WHERE INDICATED ON THE NEXT PAGE OR YOUR SUBSCRIPTION WILL NOT BE ACCEPTED. 

 

											
	  
	 		 	  
	 	
	Name(s)	 		 		 	Social Security or Tax Identification number	 	
	  
	 		 		 	
	Street Address	 		 	Daytime Phone:	 	  
	 	
	  
	 		 		 		 	
	City                     State     
                Zip Code	 		 	Evening Phone:	 	  
	 	

 If paying by debit card, complete the following: 
 Charge my:          ̈  Visa          ̈  MasterCard          ̈  Discover 

 

					
	  
	    	  
	  	
	Name on Card	    	  Exp. Date	  	
	  
	    	  
	  	
	Debit Card Number	    	  Security Code	  	

 The undersigned understands that the shares are being offered in reliance on the undersigned’s representations on
Schedule C beginning on page 5 herein, and that the Company will rely on such representations in accepting any subscriptions for the shares. The undersigned agrees to indemnify and hold harmless the Company against any damage, loss, expense or cost,
including reasonable attorneys’ fees, sustained as a result of any misstatement or omission on the undersigned’s part. 

SUBSTITUTE W-9 
  ̈ Check this box if the following statement is true: I/we am/are not subject to back-up withholding either (1) because I/we am/are exempt from back-up withholding, (2) I/we have not been
notified that I/we am/are subject to back-up withholding as a result of a failure to report all interest or dividends, or (3) the Internal Revenue Service has notified me/us that I/we am/are no longer subject to back-up withholding. Under the
penalties of perjury, I/we certify that the information contained herein, including the Social Security number or taxpayer identification number given above, is true, correct and complete. 

  
 1 

 ACKNOWLEDGEMENT 

THIS SUBSCRIPTION AGREEMENT IS NOT VALID UNLESS SIGNED. 

 

									
	  
	 		 	  

	Signature of Subscriber	 	Date        	 		 	Signature of Subscriber	 	Date        

 

			
	Title:	 	  

	(If subscribing as custodian, trustee, corporate officer, etc.)

  
 2 

 SCHEDULE A 

INFORMATION REGARDING THE PUBLIC OFFERING 
 FOR A COMPLETE DESCRIPTION OF THE PUBLIC OFFERING AND INFORMATION REGARDING INVESTMENT RISKS, YOU ARE URGED TO READ THE PROSPECTUS. 

This agreement, together with all schedules (the “Subscription Agreement”), is part of our registration
statement dated March     , 2012, and is to be used to purchase shares of our common stock in the Public Offering. In the Public Offering, we are offering 405,000 shares, $.001 par value, at $10.00 per share on a best
efforts, all or none basis. 
 If you wish to take part in the Public Offering, you must complete the Subscription Agreement.
You will be asked to tell us, among other things, how many shares you would like to purchase. PLEASE READ THE INSTRUCTIONS CAREFULLY ON HOW TO FILL IN AND COMPLETE THIS PUBLIC OFFERING SUBSCRIPTION AGREEMENT. INCOMPLETE SUBSCRIPTION AGREEMENTS
WILL BE REJECTED. 
 All of the shares being offered in the Public Offering are required to be sold for there to be a
closing of the Public Offering. We reserve the right to reject any subscriptions, in whole or in part, for any reason, in our sole discretion. 
 The Purchase Price for the shares may be paid for by check, money order, wire transfer, cash or debit card. Purchases made by debit card are subject to a $1,000 maximum (100 shares). 

Purchases made by debit card are subject to a 10% surcharge for convenience purposes. Accordingly, you must pay $11.00 per share if you
are purchasing shares with a debit card. If your subscription is not accepted for any reason, or if the offering does not close, you will not receive a return of the 10% surcharge paid, and you will lose the extra $1.00 per share that you
paid. 
 WE MUST RECEIVE PROPERLY COMPLETED SUBSCRIPTION AGREEMENTS NO LATER THAN
            , 2012 (THE “EXPIRATION DATE”), UNLESS EXTENDED. 
 TO SUBSCRIBE FOR STOCK, COMPLETE AND SIGN THE SUBSCRIPTION AGREEMENT AND RETURN IT WITH PAYMENT TO: 
 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC 
 6201 15th Avenue 

Brooklyn, New York, 11219 
 Attn: Subscriptions 

  
 3 

 SCHEDULE B 

INSTRUCTIONS ON COMPLETING THIS PUBLIC OFFERING SUBSCRIPTION AGREEMENT 

 

	1.	You may only subscribe if you are a resident of one of the following states: California, Florida, Illinois, Kentucky, Maryland, Michigan, New Jersey, New York, Ohio,
Pennsylvania or Texas. You must submit proof of residency by attaching a legible copy of your driver’s license, passport or other government-issued photo identification. If the shares are to be issued in more than one name, both persons
must supply a copy of their driver’s license, US passport or other government-issued photo identification. 

PLEASE NOTE THE SPECIAL SUITABILITY REQUIREMENTS FOR RESIDENTS OF CALIFORNIA AND PENNSYLVANIA. 

 

	2.	YOU MUST COMPLETE ALL INFORMATION REQUESTED, including your current address, telephone number and social security number. Please print or type all information.
Illegible documentation will be returned. 

  

	3.	You must complete the attached IRS Substitute Form W-9. 

  

	4.	If paying by debit card, note the added convenience charge. 

  

	5.	If you are paying by check or money order, please make the check or money order payable to “American Stock Transfer & Trust Company, LLC, as escrow
agent” in the amount of the Total Purchase Price for the shares. If you are paying by ACH, please use the following wire transfer instructions:
                                        .

  

	6.	Your subscription is subject to acceptance by the Company in its sole discretion and shall remain irrevocable until the closing date of the offering. If you
subscription is accepted, the shares subscribed for will be issued at closing, provided the conditions of closing are satisfied (i.e. all of the shares in the Public Offering are subscribed for). If your subscription is not accepted for any reason,
or if the offering does not close, your subscription amount will be returned to you promptly without interest or deduction (provided that the nonrefundable convenience fee, if you are paying by debit card, will not be returned).

  

	7.	Please sign where indicated. If the shares are to be registered in more than one name, both persons must sign. 

 

	8.	A copy of your driver’s license, US passport or other government-issued photo identification must be returned with the subscription agreement.

  

	9.	FOR ASSISTANCE CALL              AND ASK TO SPEAK TO
             ABOUT THE RED BULLET PUBLIC OFFERING. 

  
 4 

 SCHEDULE C 

REPRESENTATIONS AND AGREEMENTS 
 By signing the Subscription Agreement, you (the “subscriber”) are representing to Red Bullet Racing Corporation the following information: 

 

	 	1.	THE SUBSCRIBER IS AT LEAST EIGHTEEN (18) YEARS OF AGE AND IS A VALID RESIDENT OF THE STATE INDICATED ON PAGE 1 OF THIS SUBSCRIPTION AGREEMENT. The subscriber is
under no legal disability nor is the subscriber subject to any order, which would prevent or interfere with the subscriber’s execution, delivery and performance of this Subscription Agreement or the purchase of the shares by the subscriber.

  

	 	2.	THE AMOUNT OF THE INVESTMENT BY THE SUBSCRIBER (THE TOTAL PURCHASE PRICE BEING PAID BY THE SUBSCRIBER) DOES NOT EXCEED TEN PERCENT (10%) OF THE SUBSCRIBER’S
LIQUID NET WORTH (EXCLUSIVE OF PRINCIPAL RESIDENCE). 

  

	 	3.	FOR CALIFORNIA AND PENNSYLVANIA RESIDENTS ONLY: THE SUBSCRIBER AGREES AND ACKNOWLEDGES THAT THE SUBSCRIBER SATISFIES THE FOLLOWING ADDITIONAL SUITABILITY
CONDITIONS TO ACQUIRE THE SHARES: 

  

	 	a.	The subscriber has (1) a minimum annual gross income of $70,000 and a minimum net worth of $70,000, exclusive of automobile, home, and home furnishings; or
(2) a minimum net worth of $250,000, exclusive of automobile, home, and home furnishings, plus estimated gross income of $65,000 during the current tax year. 

 PLEASE CONFIRM IF YOU ARE A CALIFORNIA OR PENNSYLVANIA SUBSCRIBER THAT YOU SATISFY THE FORGOING ADDITIONAL SUITABILITY REQUIREMENTS BY CHECKING THE BOX AND INITIALING BELOW 

ADDITIONAL SUITABILITY
SATISFIED     ̈  YES     ̈  No 

 

	 	4.	The subscriber has received and read the Prospectus. 

  

	 	5.	The subscriber understands that the shares are being offered in reliance on the subscriber’s representations herein, and that we will rely on such representations
in accepting any subscriptions for the shares, and that we may, but shall not be obligated to, take such steps as we consider reasonable to verify the accuracy and truthfulness of such representations in advance of accepting or rejecting
subscriptions. The subscriber agrees to indemnify and hold harmless the Company against any damage, loss, expense or cost, including reasonable attorneys’ fees, sustained as a result of any misstatement or omission on the subscriber’s
part. 

  

	 	6.	This Subscription Agreement cannot be revoked by the subscriber and it is an irrevocable agreement binding on the subscriber, and on the subscriber’s heirs,
estate, legal representatives, assigns and successors, and shall survive the subscriber’s death, disability or dissolution. Red Bullet Racing Corporation, however, may reject the agreement prior to the subscriber’s acceptance of the same.

  

	 	7.	The Subscriber understands that the subscriber may not sell, transfer or assign this Subscription Agreement, or any interest or rights herein.

  

	 	8.	The subscriber understands and agrees that the subscriber may not transfer any shares purchased hereunder or any interest therein (including by depositing any such
shares in a brokerage account) unless it provides advance written notice to the Company at 901 S. Federal Highway, Hallandale Beach, FL 33099. 

  

	 	9.	 If this Subscription Agreement is executed on behalf of a corporation, partnership, trust or other entity, the subscriber has/have been duly authorized
to execute this Subscription 

  
 5 

	 	
Agreement and all other instruments in connection with the purchase of the shares, and the signature(s) of the subscriber is/are binding upon such corporation, partnership, trust or other entity.
The subscriber must return appropriate certification of such authorization. 

  

	 	10.	The provisions of this Subscription Agreement shall be construed and enforced according to the laws of Delaware. In the event there is any conflict between this
Subscription Agreement and the Prospectus, the terms set forth in the Prospectus shall be controlling. Red Bullet Racing Corporation reserves the right, in our sole discretion, to require completion or correction of any Subscription Agreement. We
are not obligated to notify any subscriber of any defect in any Subscription Agreement and may accept or reject any Subscription Agreement in whole or in part for any reason or no reason. 

 

	 	11.	This Subscription Agreement constitutes the entire agreement between the parties hereto with respect to the purchase of shares of our common stock in the Public
Offering and may be amended only in writing by the parties to be bound thereby. 

  
 6

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