Document:

ex10-1.htm

    EXHIBIT
10.1

     

    FIRST
AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT

    

    This
First Amendment (the “Amendment”) dated March 16, 2009 (the “Effective Date”),
is to that certain Amended and Restated Employment Agreement (the “Agreement”)
dated as of December 31, 2008, between Shuffle Master, Inc. (“the Company”) and
Mark L. Yoseloff (“Employee”).  All capitalized terms used in this
Amendment and not otherwise defined herein shall have the same meaning as in the
Agreement.

    

    WHEREAS,
Section 9 of the Agreement provides that Employee shall be a part-time employee
of the Company for a period of two (2) years and nine months (the “Part-Time
Employment Period”) but does not contemplate Employee providing specific product
strategy and development services; and

    

    WHEREAS,
in recognition of Employee's unique contribution and knowledge as to product
strategy and development, the Board of Directors wishes to obtain the Employee’s
commitment to assist the Company, at the direction of the Chief Executive
Officer of the Company, in the product strategy and development
areas.

    

    NOW
THEREFORE, the Company and Employee agree as follows:

    

    1.           Subject
to the terms and conditions hereof, and provided Employee is not in material
breach of the Agreement or this Amendment, Company hereby engages Employee to
render Product Strategy Services as described in Section 2 hereof for a term of
one (1) year (the “Term”), and Employee agrees to do so, commencing on the
Effective Date and expiring on March 15, 2010.

    

    2.           During
the Term, Employee shall provide product strategy and development consulting to
Company (the “Product Strategy Services”) in the following manner:

    

    A.           Employee
shall personally meet with the Chief Executive Officer (“CEO”) or his designee
as scheduled by the CEO; provided that such meetings shall occur no more than
once every two weeks;

    

    B.           Employee
shall be reasonably available to the Company by telephone;

    

    C.           Employee
will report to the CEO or his designee; and

    

    D.           Employee
will attend, as reasonably requested by CEO, the CPG meetings.

    

    3.           In
consideration for the Product Strategy Services to be rendered by Employee to
Company, and subject to the terms and conditions thereof, Company shall
compensate Employee at the rate of Six Thousand Dollars ($6,000.00) per month,
paid on the 15th day of each month.

    

    4.           Notwithstanding
any termination or expiration of this Amendment or the Agreement, Employee
acknowledges that all right, title and interest in all Product Strategy
Services, ideas, works and concepts created, inventions (patentable or not) and
in all intellectual property associated or related thereto or derived therefrom,
now or in the future, in any country (the “Rights”) constitute a “Work Made For
Hire” as defined in the Copyright Act of 1976, as amended
from time to time, in favor of the Company, and that all right, title and
interest in all Product Strategy Services and Rights created, and in all game
concepts, graphics, sound effects and code for the gaming machines created for
Company, and in all intellectual property associated or related thereto or
derived therefrom, now or in the future, are and shall be the sole property of
Company, free and clear of any and all claims by Employee.  Employee
hereby assigns to Company in perpetuity, all of the Product Strategy Services
and Rights and the game concepts, graphics, sound effects and code together with
any and all rights in and to intellectual property associated with or related to
such game concepts, graphics, sound effects and code, and further agree to
execute any additional or future documents in order to implement the intent of
this Section 4.  The Company shall have the right to use any of the
materials, game concepts, Rights, materials, documents and any other embodiments
which constitute or are a part of the Product Strategy Services as the Company
sees fit, including, without limitation the right to distribute, market and
exploit, on its own terms and as it shall solely see fit, any gaming devices
which incorporate any of the Product Strategy Services or Rights
hereunder.  To avoid any future ambiguity, the Company shall maintain
a log of all Rights and upon the termination of this Amendment or any renewals
hereof, the Company shall provide a copy of such log to the Employee for review
and agreement.  Once agreed upon, this final log shall constitute all
of the Rights belonging to the Company as contemplated by this paragraph
4.  Upon Company’s request, Employee agrees to execute any documents
to implement the intent of this Section 4.

    
       

      
        1

        
          

        

      

    

     

    5.           Employee
shall perform his services under this Amendment as an independent
contractor.  Employee shall be responsible for all taxes in connection
with his compensation, and hereby indemnifies and holds the Company harmless
relating to any claims of unpaid, underpaid or lack of withholding of
taxes.   In no event shall either Employee or the Company be
deemed to be a partner, joint venturer, fiduciary or agent of the other, and
neither Employee nor the Company shall have the right to bind the other, nor
shall Employee or the Company represent to any third party anything to the
contrary, unless mutually agreed to in writing by Company and
Employee.

    

    6.           Notwithstanding
any other provision contained herein or the Term hereof, the Company shall have
the right to terminate this Amendment and all of its obligations to Employee
hereunder in the event:

    

    i.           Employee
is in material breach of the terms or provisions of this Amendment or the
Agreement;

    

    ii.           Employee
commits any acts or omissions that put in jeopardy or at risk any of the
Company’s gaming licenses, approvals or permits;

    

    iii.           Employee
commits any acts of fraud, embezzlement or dishonesty related to the Company;
or

    

    iv.           Employee
is accused or charged with a felony crime.

    

    Employee further agrees that any
violation of Section 6(ii), (iii), or (iv) hereof shall also constitute “just
cause” for termination of the Agreement.

    

    7.           This
Amendment sets forth the entire agreement between Employee and Company with
respect to the subject matter hereof.  No promise, representation or
inducement, except as herein set forth, has been made by either party to this
Amendment. Should any provision of this

    Amendment
be void or unenforceable, the rest of this Amendment shall remain in full force.
This Amendment may not be canceled, altered, or amended except in
writing.

    

    8.           Any
term or provision of this Amendment which is invalid or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such invalidity or unenforceability without rendering invalid or unenforceable
the remaining terms and provisions of this Amendment or affecting the validity
or enforceability of any of the terms and provisions of this Amendment in any
other jurisdiction.

    

    9.           This
Amendment shall be governed by the laws of the State of Nevada, without regard
to its conflicts of law rules. Any controversy or claim arising out of or
relating to this Amendment, or the breach of this Amendment, that cannot be
resolved by the parties hereto, shall be tried solely in the County of Clark,
Nevada in accordance with Nevada law.

    

    10.           Except
as expressly amended hereby, the Agreement, as amended by this Amendment, is
hereby confirmed and ratified by the parties as being and remaining in full
force and effect, according and subject to its terms and conditions, and without
any further amendments or modifications.

    
 

    
      	
              EMPLOYER:

            	 
      	
              EMPLOYEE:

            
	
              SHUFFLE
      MASTER, INC.

            	 
      	 
      
	 
      	 
      	 
      
	
              By:

            	/s/
      JERRY SMITH  	 
      	/s/
      MARK L. YOSELOFF
	
              Its:

            	EVP,
      General Counsel and Corporate Secretary  	 
      	
              Mark
      L. Yoseloff

            
	
              Date:

            	
              April
      14, 2009

            	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              SHUFFLE
      MASTER, INC.

            	 
      	 
      
	
              COMPENSATION
      COMMITTEE

            	 
      	 
      
	 
      	 
      	 
      
	/s/
      LOUIS CASTLE  	 
      	 
      
	
              Louis
      Castle, Chairman

            	 
      	 
      
	 
      	 
      	 
      

    

    

    
      
        
        

      

      
        2exv10w44

EXHIBIT 10.44

AMENDMENT NO. 2 TO ESCROW AGREEMENT

     This Amendment No. 2 to Escrow Agreement is made this 11th day of March, 2008, by
and among AMDL, Inc., a Delaware corporation (“Buyer”), Jade Capital Group Limited, a British
Virgin Islands corporation (“Jade Capital”), Pearl King Global Limited (“Pearl King”), and Homing
Nominees Limited (“Homing”) (collectively Pearl King and Homing are referred to as “Shareholders”)
and Louis Taubman, Esquire (in his capacity as Escrow Holder hereunder, the “Escrow Holder”).

RECITALS

     This Amendment is being entered into in reference to the following facts:

     A. During the period after the execution of the Escrow Agreement dated as of September 28,
2008 (“Escrow Agreement”) and between the date of Amendment No. 1 thereto and the date hereof, the
China State Federal Drug Agency (“SFDA”) has undergone significant changes in administration and
the SFDA has recently changed its policies with regard to the approval process for both drug and
device applications, none of which changes could have been reasonably anticipated by the parties to
the Escrow Agreement at the time of execution thereof.

     B. Both Buyer and Jade Capital have proceeded diligently with the preparation and filing of
the SFDA application for approval of DR-70®, but some of the delays were attributable to
Buyer.

     C. In fairness to Jade Capital and its stockholders, Buyer has agreed to extend the date for
receipt of SFDA approval of DR-70® to March 28, 2009.

     NOW, THEREFORE, it is agreed as follows:

     1. Article 2 of the Escrow Agreement is amended and restated to read in full as follows:

“ARTICLE 2 — THE ESCROW

     The Escrow Holder shall disburse the Escrow Shares in accordance with the
following procedures:

     (a) If, before March 28, 2009, Jade Capital and/or the Shareholders shall
have demonstrated that People’s Republic of China State Federal Drug Agency or
other appropriate agency (“SFDA”) has issued a permit or the equivalent regulatory
approval for Buyer to sell and distribute DR-70® in the People’s Republic of China
without qualification (the “Approval to Market DR-70®”), in form and substance
satisfactory to Buyer, then the Escrow Holder shall promptly disburse the Escrow
Shares to Jade Capital and/or Shareholders, in such proportions as Jade Capital
shall instruct.

 

 

     (b) If Jade Capital has not notified Escrow Holder that the SFDA has issued
the Approval to Market DR-70® before March 28, 2009, or if Buyer disputes that the
purported approval is satisfactory, the Escrow Shares shall be delivered by Escrow
Holder to Buyer for cancellation.”

     2. All other provisions of the Escrow Agreement, as amended, shall remain unchanged by this
Amendment No. 2.

     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the date
and year first above written.

	 	 	 	 	 	 	 	 	 	 	 
	“BUYER”	 	 	 	“JADE CAPITAL”	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	AMDL, INC., a Delaware corporation	 	 	 	Jade Capital Group Limited, a British	 	 
	 	 	 	 	 	 	Virgin Islands corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 

	 	Gary L. Dreher, President
	 	 	 	 	 	Minghui Jia, Managing Director	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Agreed and accepted:	 	 	 	“SHAREHOLDERS”	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	“ESCROW HOLDER”	 	 	 	PEARL KING GLOBAL LIMITED	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/

	 	 	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Louis Taubman, Esquire
	 	 	 	 	 	Minghui Jia, Director	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	HOMING NOMINEES LIMITED	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	Benefit Capital Limited	 	 

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	 
	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Authorized Officer	 	 

2

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