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REALCO INTERNATIONAL,INC.

17 Meromei Hasodeh Kiryat Sefer

Modin Illit,Israel

THIS  AGREEMENT  made  as  of  the  18th day  of  February  2014  between  Israel  RE

Vision  Group  60  Nachal  Dolev  Ramat  Beit  Shemesh,Israel   (hereinafter  collectively  referred  to

as  the  "Owner"),  and  Realco  International  inc.   Having  offices  at  17  Meromei  Hasodeh,Kiryat

Sefer  Modin Illit,Israel (hereinafter referred to as the "Agent").

WITNESSETH

The parties hereto agree as follows:

1:

Hereby   accepts   appointment,   on   the   terms   and   conditions

hereinafter provided, as managing Sales agent of new and existing developments of apartments

and  residential  homes  located  in  Jerusalem,  Israel.  Realco  will  receive  $5,000  per  month  from

Israel  Re  vision  group  for  marketing  and  services,  in  addition  Realco  will  be  paid  3%  for  any

new real estate sales by them to be paid at closing

2:

The  agent  shall  perform  the  following  services  with  due  diligence  and

care:

(a)

Cause  to  be  hired,  paid  and  supervised,  all  persons  necessary  to

be  employed  in  order  to  market  and  sell  properties  being  developed  that  are  new  construction

as well as existing properties thought Israel

(b)

Cause  the  Building  of  these  projects  to  be  maintained  in  such

condition  as  may  be  deemed  advisable  by  the  contracts  of  the  buyers,  including  interior  and

exterior , preservation or safety of the Building or for the safety of the buyers, or other persons.

(c)

Recommend,  and  with  the  approval  of  the  buyer,  cause,  all  such

acts and things to be done in or about the Building  as shall be necessary or desirable  to comply

with  any  and  all  orders  or  violations  affecting  the  properties,  placed  thereon  by  any   municipal

authority having jurisdiction thereof,  if failure to comply promptly with any such order or violation

would  or  might  expose  the  Owner,  buyer  or  the  Agent  to  criminal  liability,  the  Agent  may  cause

such order or violation to be complied without consultation with the buyers

(d)

Oversee  all  necessary  construction  and  to  properly  maintain  the

Building, make all such contracts and construction are on schedule

(e)

Advise  the  Owner  with  respect  to  proper  insurance  coverage  of

the  property,   its  employees  and  if  requested  by  the  Owner,   cause  to  be  effected  and/or

maintained,   in  such  amounts  and  through  such  carriers  as  the  Owner   shall  designate  or

approve,  fire,  rent,  plate  glass,  boiler,  water  damage,  liability,  directors'  and  officers'  liability,

workers'  compensation,  employer's  liability,  disability  and  any  other  insurance  the  owner  may

elect  to  carry;  and  to  cooperate  with  any  independent  insurance  broker  or  consultant  that  the

Owner  ,or  buyer  may  designate  or  approve  and  engage  for  the  purpose  of  effecting  insurance

and protecting its interests with respect thereto.

(f)

Check  all  bills  received  for  services,  work  and  supplies  ordered  in

connection   with   construction,   payments,   and   operating   the   Building,   mortgage   interest,

mortgage   amortization,   water   charges,   sewer   rent,   assessments,   real   estate   taxes   and

corporate  franchise  and  other  taxes  assessed  against  the  owner  or  the  Building  as  and  when

the same shall become due and payable

(g)

If   requested  by  the  Owner,   list   and  offer   for   sale,   lease  said

properties

(h)

If  requested  by  the  Owner,  accept  applications  and  references

from prospective buyers or tenants

(i)

Schedule   any  outside   contractors  and,   to  the  extent   possible,

arrange the dates thereof so that there shall be a minimum of disturbance to the operation of the

Building and of inconvenience to others. .

(j)

Consider  and, when  reasonable, attend  to complaints. If the Agent

shall deem any such complaint unreasonable, it shall advise the Owner of the complaint and the

reason for its opinion that the complaint is unreasonable.

(k)

Cause  to  be  prepared  and  filed  the  necessary  forms  with  the  local

municipal authority.

(l)

Promptly investigate  and notify the Owner of any accident of claim

for  damage  which  Agent  has  actual  notice  of  relating  to  the  ownership,  operation,  management

and  maintenance  of  the  Building,  including  any  damage  or  destruction  thereto  and  cooperate

with and make such reports as are required by the Owner's insurers in connection therewith.

(m)

Generally,    do    all    things    reasonably    deemed    necessary    or

desirable for the buyer of the property

3:

The  Owner  authorizes  the  Agent,  for  the  Owner's  account  and  on  its

behalf, to perform any act or do anything reasonably necessary or desirable in order to carry out

the Agent's agreements contained in Article  SECOND hereof, and everything done by the Agent

under the provisions of Article SECOND shall be done as agent of the Owner, and all obligations

or expenses incurred there under (for which the Agent is not compensated as provided in Article

SIXTH  hereof)  shall  be  at  the  expense  of  the  Owner  subject  to  the  specific  limitations  set  forth

herein.

Any payments made by the Agent hereunder shall be made out of such funds

as  the  Agent  may  from  time  to  time  hold  for  the  account  of  the  Owner  or  as  may  be

provided  by  the  Owner.  The  Agent  shall  not  be  obliged  to  make  any  advance  to  or  for  the

account  of  the  Owner  or  to  pay  any  amount  except  out  of  funds  held  or  provided  as

aforesaid,  nor  shall  the  Agent  be  obliged  to  incur  any  extraordinary  liability  or  obligation

unless the Owner shall furnish the Agent with the necessary funds for the discharge thereof.

4:

All  funds  collected  by  the  Agent  for  the  account  of  the  Owner  will  be

deposited in a bank or special account or accounts of the Owner and will not be co-mingled with

other funds of the Agent. Such funds will be used only for Building and operations.

5:

The  Agent  shall  not  be  liable  to  the  Owner  for  any  loss  or  damage

not  caused  by  the  Agent's  own  misconduct,  negligence  or  failure  to  comply  with  its  obligations

hereunder.  The  Owner  will  indemnify  the  Agent  against  and  hold  the  Agent  harmless  from  (a)

any  liability,  damages,  costs  and  expenses  (including  reasonable  attorneys'  fees)  sustained  or

incurred  for  injury  to  any  person  or  property  in,  about  or  in  connection  with  the  Building,  from

any  cause  whatsoever,  unless  such  injury  shall  be  caused  by  the  Agent's  own  misconduct,

negligence  or  failure  to  comply  with  its  obligations  hereunder,  and  (b)  any  liability,  damages,

penalties,  costs  and  expenses,  statutory  or  otherwise,  for  all  acts  properly  performed  by  the

Agent  pursuant  to  the  instructions  of  the  Owner;  provided,  in  each  of  the  foregoing  instances,

that  the  Agent  promptly  advises  the  Owner  of  its  receipt  of  information  concerning  any  such

injury and the amount of any such liability, damages, penalties, costs and expenses. The Owner

will  carry  liability  insurance  (with  limits  acceptable  to  the  Agent  in  its  reasonable  judgment),

workers'  compensation  and  employer's  liability  insurance,  will  include  the  Agent  as  a  party

insured  under  the  liability  policy  and  will  deliver  a  copy  of  such  liability  policy  to  the Agent  or  a

certificate  evidencing  the  same. The Agent  hereby  indemnifies  the  Owner  (and  all  directors  and

officers  of  the  Owner)  and  holds  Owner  and  such  officers  and  directors  harmless  from  and

against  any  and  all  liability,  damages,  costs  and  expenses,  statutory  or  otherwise  (including

reasonable attorneys' fees), sustained or incurred as a result of Agent's misconduct, negligence,

wrongdoing or failure to comply with Agent's obligations under this agreement or under law.

6:

The  Owner  shall  pay  the  Agent  3%  of  whatever  is  collected  as  full

compensation for sales.

(a)

Out-of-pocket   expenses   incurred   at   the   request   of   Owner,

including  the  cost  of  postage  and  photocopying  for  mass  mailings  to  all  shareholders  made  at

the request of Owner.

7:

The   Agent   shall   abide   by   the   highest   standards   of   ethics   in   the

performance of its obligations hereunder.

8:

This agreement shall be governed  by,  and interpreted in  accordance  with,

the laws of the State of Nevada.

9:

All  prior  understandings  and  agreements  between  the  parties  relative

hereto  are  superseded  by  this  agreement,  which  is  the  entire  and  only  agreement  between  the

parties  as  to  the  subject  matter  hereof.  This  agreement  cannot  be  altered,  modified,  amended,

changed  or  canceled  or  any  provisions  waived  or  abrogated,  except  by  a  writing  executed  by

both  of  the  parties,  and  except  further  this  agreement  may  be  canceled  or  terminated  by  either

party with 10 days written notice.

10:

All  notices  desired  or  required  to  be  given  by  the  parties  hereunder  shall

be  deemed  to  have  been  properly  given  and  shall  be  effective  when  sent  by  U.S.  registered  or

certified  mail,  return  receipt  requested,  or  by  overnight  delivery  or  by  hand  delivery,  addressed

to  the  party  at  the  address  set  forth  above.  Either  party  may  give  the  other  party  notice  of  a

substitute address for service.DYN-EX10.1_2014.3.31-Q1

Exhibit 10.1

NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

THIS NON-QUALIFIED STOCK OPTION AWARD AGREEMENT (this “Agreement”) is made as of the 3rd day of March, 2014, between DYNEGY INC., a Delaware corporation (“Dynegy”), and all of its Affiliates (collectively, the “Company”), and Named Employee (“Employee”).  A copy of the Dynegy Inc. 2012 Long Term Incentive Plan (the “Plan”) is annexed to this Agreement and shall be deemed a part of this Agreement as if fully set forth herein.  Unless the context otherwise requires, all terms that are not defined herein but which are defined in the Plan shall have the same meaning given to them in the Plan when used herein.

1.The Grant.  The Compensation and Human Resources Committee of the Board of Directors (the “Committee”) granted to Employee on March 3, 2014 (“Effective Date”), as a matter of separate inducement and not in lieu of any salary or other compensation for Employee’s services, the right and option to purchase (the “Option”), in accordance with the terms and conditions set forth in the Plan and in this Agreement, an aggregate number of shares (the “Shares”) of common stock of Dynegy, $0.01 par value per share (the “Common Stock”), at a price of $23.03 per share (the “Exercise Price”).  Employee acknowledges receipt of a copy of the Plan, and agrees that the Option shall be subject to all of the terms and provisions of the Plan, including future amendments thereto, if any, pursuant to the terms thereof, and to all of the terms and conditions of this Agreement.  The Option shall not be treated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).  The Exercise Price is, in the judgment of the Committee, not less than one hundred percent (100%) of the Fair Market Value of a share of the Common Stock on the Effective Date.  

2.Exercise.  Subject to the provisions, limitations and other relevant provisions of the Plan and of this Agreement, and the earlier expiration of the Option as herein provided, Employee may exercise the Option to purchase some or all of the Shares as follows:

(a)The Option shall become exercisable in three cumulative equal annual installments as follows:

(i)on the first anniversary of the Effective Date, the right to purchase one-third of the aggregate number of Shares shall become exercisable without further action by the Committee;

(ii)on the second anniversary of the Effective Date, the right to purchase an additional one-third of the aggregate number of Shares shall become exercisable without further action by the Committee; and

(iii)on the third anniversary of the Effective Date, the right to purchase the remaining one-third of the aggregate number of Shares shall become exercisable without further action by the Committee.

(b)Notwithstanding any other provision of this Agreement, the unexercised portion of the Option, if any, will automatically and without notice terminate and become null and void upon the expiration of ten (10) years from the Effective Date of the Option.

(c)Any exercise by Employee of the Option, or portion thereof, shall be conducted by delivery of an irrevocable notice of exercise to the Company or its designee as provided in the Plan.  In no event shall Employee be entitled to exercise the Option for less than a whole Share.

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(d)Upon Corporate Change, if the Committee seeks to terminate the Agreement under Section XIII(b)(2) of the Plan, the Committee will comply with Section XIII(b)(3) of the Plan to assess value of the Agreement.

3.Termination of Employment.  The Option may be exercised only while Employee remains an employee of the Company and will terminate and cease to be exercisable upon Employee’s termination of employment with the Company, except that:

(a)    if Employee shall die while in the employ of the Company, the Option awarded hereunder shall immediately vest with respect to all of the remaining Shares and become fully exercisable without further action by the Committee, and Employee’s legal representative, or the person, if any, who acquired the Option by bequest or inheritance or by reason of the death of Employee, may exercise the Option, to the extent not previously exercised, in respect of any or all such Shares at any time up to and including the date twelve (12 months after the date of death, or the end of the option term, whichever is less, after which date the Option will automatically and without notice terminate and become null and void; and

(b)    if Employee is determined to be disabled (as defined in the Company’s long term disability program or plan in which Employee is a participant or, if Employee does not participate in any such plan, as defined in the Dynegy Inc. Long Term Disability Plan, as amended, or the successor plan thereto), the Option awarded hereunder shall immediately vest with respect to all of the remaining Shares and become fully exercisable without further action by the Committee, and Employee may exercise the Option, to the extent not previously exercised, in respect of any or all such Shares at any time up to and including the date twelve (12) months after the date of such determination, or the end of the option term, whichever is less, after which date the Option will automatically and without notice terminate and become null and void; and

(c)    if Employee’s employment with the Company terminates by reason of dismissal by the Company for Cause, then the Option, to the extent not previously exercised, will immediately, automatically and without notice or further action by the Committee, terminate and become null and void; and

(d)    if Employee’s employment with the Company terminates by reason of resignation by the Employee (except as otherwise provided in Section 3 (g) below) and at a time when Employee was entitled to exercise the Option, Employee may exercise the Option, to the extent not previously exercised, with respect to any or all such number of Shares as to which the Option was exercisable as of the date of Employee’s termination of employment, at any time up to and including the date ninety (90) days after the date of termination by reason of such resignation, or the end of the option term, whichever is less, after which date the Option will automatically and without notice terminate and become null and void; and

(e)    if Employee’s employment with the Company terminates by reason of Involuntary Termination, as such term is defined below, the Option awarded hereunder shall immediately vest with respect to all remaining Shares and become fully exercisable without further action of the Committee, and Employee may exercise the Option, to the extent not previously exercised, at any time up to and including the date ninety (90) days after the date of such termination of employment, or the end of the option term, whichever is less, after which date the Option will automatically and without notice terminate and become null and void; and

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(f)    if the Employee’s employment with the Company terminates as a result of an Involuntary Termination within six months following a Corporate Change, the Option shall become fully vested and immediately exercisable in full on the effective date of the Corporate Change, and such Option shall remain exercisable from such date for the lesser of: (A) twelve (12) months from the date of such Corporate Change; (B) the remaining period of time for exercise of the Option hereunder (irrespective of any mandatory exercise period specified herein that would otherwise be triggered by the termination of employment of such Employee); or (C) such period of time (which period of time may end as early as the consummation of a Corporate Change) as the Committee may determine in connection with or in contemplation of a Corporate Change in the exercise of its discretion under the Plan, with respect to which the Committee has the discretion to, among other things, require the surrender of stock options (which surrender may be in exchange for a cash payment, if applicable) and to cancel such stock options upon the consummation of a Corporate Change; and

(g)    if the Employee’s employment with the Company terminates by reason of retirement following the date on which such Employee has (I) reached sixty (60) years of age and (II) completed at least ten (10) years of service as an employee of the Company, Employee may exercise the Option, to the extent not previously exercised, with respect to any or all such number of Shares as to which the Option was exercisable as of the date of Employee’s termination of employment and (1) the number of then unvested and unexercised Shares subject to the Agreement multiplied by (2) a fraction, the numerator of which shall be the number of calendar days which have lapsed since the later of the Effective Date or most recent anniversary thereof and the denominator of which shall be the number of calendar days from the later of the Effective Date or the most recent anniversary thereof until the third anniversary of the Effective Date, at any time up to and including the date ninety (90) days after the date of termination, or the end of the option term, whichever is less, after which date the Option will automatically and without notice terminate and become null and void.

(h)    For purposes of this Agreement:

“Base Salary” shall mean the regular base salary of Employee but excluding all bonuses, expense reimbursements, benefits paid under any plan maintained by the Company and all equity awards of any type.

“Involuntary Termination” shall have the same meaning as specified in the Dynegy Inc. Executive Severance Pay Plan.

4.Registration.  The Company intends to register the Shares for issuance under the Securities Act of 1933, as amended (the “Act”), and to keep such registration effective throughout the period the Option is exercisable.  In the absence of such effective registration or an available exemption from registration under the Act, issuance of the Shares will be delayed until registration of such shares is effective or an exemption from registration under the Act is available.  The Company intends to use its best efforts to ensure that no such delay will occur.  In the event exemption from registration under the Act is available upon an exercise of the Option, Employee (or the person permitted to exercise the Option in the event of Employee’s death or incapacity), if requested by the Company to do so, will execute and deliver to the Company, in writing, such agreements and other documents containing such provisions as the Company may require to assure compliance with applicable securities laws.

Employee agrees that the Shares will not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable federal or state securities laws.  Employee also agrees that (a) the 

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certificates representing the Shares, if any, may bear such legend or legends as the Committee in its sole discretion deems appropriate in order to assure compliance with applicable securities laws and (b) the Company may refuse to register transfer of the Shares on the stock transfer records of the Company, and may give related instructions to its transfer agent, if any, to stop registration of such transfer, if such proposed transfer would in the opinion of counsel satisfactory to the Company constitute a violation of any applicable securities law.

5.Employment Relationship.  For purposes of this Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of (a) the Company, (b) an Affiliate (as such term is defined in the Plan) or (c) a corporation (or a parent or subsidiary of such corporation) assuming or substituting a new option for the Option.  Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee in its sole discretion, and its determination shall be final and binding on all parties.  

6.Withholding Taxes.  By Employee’s acceptance hereof, Employee hereby (a) agrees to reimburse the Company or any Affiliate by which Employee is employed for any federal, state or local taxes required by any government to be withheld or otherwise deducted by such corporation in respect of Employee’s exercise of the Option, (b) authorize the Company or any Affiliate by which Employee is employed to withhold from any cash compensation paid to Employee or in Employee’s behalf, an amount sufficient to discharge any federal, state and local taxes imposed on the Company, or the Affiliate by which Employee is employed, and which otherwise has not been reimbursed by Employee, in respect of Employee’s exercise of the Option and (c) agrees that the corporation by which Employee is employed, may, in its discretion, hold the stock to which Employee is entitled upon exercise of the Option, as security for the payment of the aforementioned withholding tax liability, until cash sufficient to pay that liability has been accumulated, and may, in its discretion, effect such withholding by retaining Shares issuable upon the exercise of the Option having a Fair Market Value on the date of exercise which is equal to the amount to be withheld.

7.Miscellaneous.

(a)    This grant is subject to all the terms, conditions, limitations and restrictions contained in the Plan.  In the event of any conflict or inconsistency between the terms hereof and the terms of the Plan, the terms of the Plan shall be controlling.  In the event of any conflict or inconsistency between the terms hereof and the terms of the Dynegy Inc. Executive Severance Pay Plan and Dynegy Inc. Change in Control Executive Severance Pay Plan, including any amendments or supplements thereto, the terms hereof shall be controlling.

(b)    This grant is not a contract of employment and the terms of Employee’s employment shall not be affected hereby or by any agreement referred to herein except to the extent specifically so provided herein or therein.  Nothing herein shall be construed to impose any obligation on the Company or on any Affiliate to continue Employee’s employment, and it shall not impose any obligation on Employee’s part to remain in the employ of the Company or of any Affiliate.

(c)    All references in this Agreement to any “corporation” shall include a corporation, a general partnership, a joint venture, a limited partnership, a business trust or any other lawful business entity.

(d)    Any notices or other communications provided for in this Agreement shall be sufficient if in writing. In the case of Employee, such notices or communications shall be effectively delivered when hand delivered to Employee at his or her principal place of employment or when sent by 

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registered or certified mail to Employee at the last address Employee has filed with the Company. In the case of the Company, such notices or communications shall be effectively delivered when sent by registered or certified mail to the Company at its principal executive offices.

8.Amendment.  This Agreement may not be amended except by an agreement in writing signed by each of the Company and Employee consenting to such amendment. Notwithstanding the preceding, if it is subsequently determined by the Committee, in its sole discretion, that the terms and conditions of this Agreement and/or the Plan are not compliant with Code Section 409A, or any Treasury regulations or Internal Revenue Service guidance promulgated thereunder, this Agreement and/or the Plan may be amended by the Company accordingly.

[Remainder of page intentionally left blank]

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IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer thereunto duly authorized, and Employee has agreed to and accepted the terms of this Agreement*, all as of the date first above written.

DYNEGY INC.

By:    

Name:    Julius Cox

		
	Title:
	Vice President – Human Resources and Business Services

*Employee has agreed to and accepted the terms of this Agreement utilizing online grant acceptance capabilities with E*Trade Financial, the Company’s stock option administrator.  

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