Document:

Unassociated Document

     

    

      FIRST
        AMENDMENT TO EMPLOYMENT AGREEMENT

      

      THIS
        FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this
        “Amendment”)
        is
        entered into as of January 25, 2008, by and between G8WAVE
        HOLDINGS, INC., a
        Delaware corporation (the
        “Company”),
        and
BRADLEY
        M. MINDICH
        (“Employee”),
        with
        respect to that certain Employment Agreement between G8Wave, Inc., a Delaware
        corporation, and Employee, dated as of April 21, 2006, which sets forth the
        terms and conditions of Employees employment with the Company (the “Agreement”).
        The
        Agreement was assumed by the Company pursuant to that certain Agreement and
        Plan
        of Merger, dated as of August 13, 2007, among International Food and Wine
        Consultants, Inc., a Delaware corporation (the Company’s predecessor), G8Wave,
        Inc., and G8Wave Acquisition Corp., a Delaware corporation. Terms capitalized
        and not otherwise defined in this Amendment shall have the meanings assigned
        to
        such terms in the Agreement.

       

      FOR
        GOOD AND VALUABLE CONSIDERATION,
        the
        receipt and sufficiency of which are hereby acknowledged, the parties hereto
        agree as follows:

       

       1.      Amendment
        to
        Section 3 of the Agreement. Section 3 of the Agreement shall be deleted
        in its entirety and is hereby amended to read in full as follows

       

       “3.    Compensation
        and Benefits.

      
         

         a.     
Annual
          Salary.
          In
          consideration for the services to be provided hereunder and regardless
          of the
          position of Employee within the Company, the Company shall pay Employee
          an
          annual salary of $225,000 (the “Annual
          Salary”).
          Subject to the Company’s election to make a Stock Payment pursuant to Section
          3(b), the Annual Salary shall be payable in accordance with the Company’s
          general payroll practices. 

      

       

      b.      
Stock
        Payment.
        The
        Company may, in the sole and absolute discretion of the Company’s Board of
        Directors, elect to pay the Annual Salary in shares of common stock of the
        Company issued under the Company’s 2007 Equity Incentive Plan (a “Stock
        Election”);
        provided, however, that the Company shall be permitted to make a Stock Election
        for no more than eight (8) pay periods annually; provided, that the Company’s
        right to make a Stock Election shall terminate immediately prior to the
        Company’s consummation of an acquisition of all or substantially all of the
        business of another entity or the acquisition by another entity of all or
        substantially all of the Company’s business, in each case, whether by merger,
        asset sale, stock sale, or other form of transaction. Without limiting the
        foregoing, the Employee shall have no discretion with respect to any Stock
        Election made by the Company, including, without limitation, the timing thereof.
        In the event of a Stock Election by the Company, Employee shall be entitled
        to
        receive a number of shares of the Company’s common stock equal to (i) the
        portion of the Annual Salary to which Employee is entitled during the pay
        period
        for which a Stock Election has been made (less all payroll deductions and
        all
        required withholdings payable in a regular periodic payment), divided by
        (ii)
        the closing price of the Company’s common stock as traded on the Over The
        Counter Bulletin Board on the last business day of the pay period for which
        a
        Stock Election has been made (shares issued pursuant to a Stock Election
        being
        hereinafter referred to as “Compensation
        Shares”).
        Certificates for Compensation Shares shall be delivered to Employee promptly
        after the last day of the pay period for which a Stock Election was made.
        The
        Company agrees that Compensation Shares shall be deemed to be issued to Employee
        as the record owner of such Compensation Shares as of the close of business
        on
        the last day of the pay period for which the Stock Election was
        made.

       

      2.       
        No
        Other Modification.
        Except
        as amended by this Amendment, the Agreement remains unmodified and in full
        force
        and effect. 

       

      3.       
        Counterparts;
        Delivery by Facsimile.
        This
        Amendment may be executed in any number of counterparts, including counterparts
        transmitted by electronic mail or facsimile, each of which when so executed
        and
        delivered shall be deemed an original, and all of which taken together shall
        constitute but one and the same instrument.

       

       

      [Signature
        Page Follows]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF,
        Company
        and Employee have caused this Amendment to be executed and delivered by their
        respective representatives, thereunto duly authorized, as of the date first
        above written.

       

      
        
          	 	 	
                  COMPANY:

                   

                  G8WAVE
                    HOLDINGS, INC., 

                  a
                    Delaware corporation 

                   

                  By:
                    /s/ Habib
                    Khoury                                  
                    

                  Name:
                    Habib Khoury

                  Title:
                    Chief Executive Officer

                   

                  EMPLOYEE:

                   

                  By:
                    /s/ Bradley M.
                    Mindich                       
                    

                  BRADLEY
                    M. MINDICHUnassociated Document

    
      	
              NUMBER

              __________-U

               

            	 	 	 	
              UNITS

            
	
              SEE
                REVERSE FOR CERTAIN DEFINITIONS

            	
              CS
                CHINA ACQUISITION CORP.

            	 

    

     

    CUSIP
      G25783 120

    

    UNITS
      CONSISTING OF ONE ORDINARY SHARE AND ONE WARRANT TO PURCHASE ONE ORDINARY SHARE
      

    

    THIS
      CERTIFIES THAT
      _____________________________________________________________________________________________

    

    is
      the
      owner of
      _______________________________________________________________________________________________
      Units.

    

    Each
      Unit
      (“Unit”) consists of one (1) ordinary share, par value $.0001 per share
      (“Ordinary Share”), of CS China Acquisition Corp., a Cayman Islands corporation
      (the “Company”), and one (1) warrant (the “Warrants”). Each Warrant entitles the
      holder to purchase one (1) Ordinary Share for $5.50 per share (subject to
      adjustment). Each Warrant will become exercisable six months after the Company’s
      completion of a merger, capital stock exchange, asset acquisition or other
      similar business combination, and will expire unless exercised before 5:00
      p.m.,
      New York City Time, on __________, 2013, or earlier upon redemption (the
“Expiration Date”). The Ordinary Shares and Warrants comprising the Units
      represented by this certificate are not transferable separately prior to
      __________, 2008, subject to earlier separation in the discretion of
      EarlyBirdCapital, Inc. The terms of the Warrants are governed by a Warrant
      Agreement, dated as of __________, 2008, between the Company and Continental
      Stock Transfer & Trust Company, as Warrant Agent, and are subject to the
      terms and provisions contained therein, all of which terms and provisions the
      holder of this certificate consents to by acceptance hereof. Copies of the
      Warrant Agreement are on file at the office of the Warrant Agent at 17 Battery
      Place, New York, New York 10004, and are available to any Warrant holder on
      written request and without cost. 

    This
      certificate is not valid unless countersigned by the Transfer Agent and
      Registrar of the Company.

    Witness
      the facsimile seal of the Company and the facsimile signatures of its duly
      authorized officers.

     

     

    By

    

    

    
      	 	____________________________________ 	
              

            	____________________________________	 
	 	Chairman of the Board	 	Secretary	 
	 	 	 	 	 

    

    

      

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    CS
      China Acquisition Corp.

     

    The
      Company will furnish without charge to each stockholder who so requests, a
      statement of the powers, designations, preferences and relative, participating,
      optional or other special rights of each class of stock or series thereof of
      the
      Company and the qualifications, limitations, or restrictions of such preferences
      and/or rights. 

     

    The
      following abbreviations, when used in the inscription on the face of this
      certificate, shall be construed as though they were written out in full
      according to applicable laws or regulations:

     

    TEN
      COM
      - as
      tenants in common   UNIF
      GIFT
      MIN ACT - _____ Custodian ______

    TEN
      ENT -
 as
      tenants by the
      entireties                                                             
(Cust)            
             (Minor)

    JT
      TEN -
 as
      joint
      tenants with right of survivorship  
      under
      Uniform Gifts to Minors

    and
      not
      as tenants in common    
      Act
      ______________

                                                                                                                                                   
       (State)

    

    Additional
      Abbreviations may also be used though not in the above list.

    

     

    For
      value received, ___________________________ hereby sell, assign and transfer
      unto

    

    PLEASE
      INSERT SOCIAL SECURITY OR OTHER

          
      IDENTIFYING NUMBER OF ASSIGNEE

    
      
        	 	 	 	 	 	 
	|                                       |	 	 	 	 	 

      

    

    

    

    

     

    
      

    

    (PLEASE
      PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF
      ASSIGNEE)

    

     

      
        

      

    

    

    
      
        

      

    

     

    ___________________________________________________________________________________________________________________________________________________________ Units

    

    represented
      by the within Certificate, and do hereby irrevocably constitute and
      appoint

    

    __________________________________________________________________________________________________________________________________
      Attorney

    to
      transfer the said Units on the books of the within named Company will full
      power
      of substitution in the premises.

    

    Dated
      ___________________    

     

    
      	 	 	 

      	 	 	 

      	 	
              Notice:

            	
              The
                signature to this assignment must correspond with the name as written
                upon
                the face of the certificate in every particular, without alteration
                or
                enlargement or any change whatever.

            

    

    

    Signature(s)
      Guaranteed:

    

    _____________________________________________________________________

    THE
      SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR
      INSTITUTION

    (BANKS,
      STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH

    MEMBERSHIP
      IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,

    PURSUANT
      TO S.E.C. RULE 17Ad-15).

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