Document:

fs80311ex10i_conspiracy.htm

Exhibit 10.1

 

COMPENSATION AGREEMENT

This Compensation Agreement is dated as of March 10, 2011, between Conspiracy Entertainment Holdings, Inc., a Utah corporation (the “Company”), and Marc J. Ross (the “Consultant”).

WHEREAS, the Company has requested the Consultant to provide the Company with certain SEC related legal services in connection with their business (the “’Legal Work”) on a fixed fee basis, and the Consultant has agreed to provide the Company with the Legal Work; and

WHEREAS, the Company wishes to compensate the Consultant with shares of its common stock for such services rendered;

NOW THEREFORE, in consideration of the mutual covenants hereinafter stated, it is agreed as follows:

1. The Company will issue up to 1,000,000 shares of the Company’s common stock, par value $.001 per share, to the Consultant subsequent to the filing of a registration statement on Form S-8 with the Securities and Exchange Commission registering such shares, as set forth in Section 2 below. The shares to be issued shall represent consideration for legal services to be performed by the Consultant on behalf of the Company.

2. The above compensation shall be registered using a Form S-8. The Company shall file such Form S-8 with the Securities and Exchange Commission within 30 days of the execution of this agreement.

IN WITNESS WHEREOF, this Compensation Agreement has been executed by the parties as of the date first above written.

CONSULTANT

/s/ Marc J. Ross

Marc J. Ross

The Company:

CONSPIRACY ENTERTAINMENT HOLDINGS, INC.

By:/s/ Sirus Ahmadi

Sirus Ahmadi

Chief Executive officerf8k031111ex10i_resource.htm

Exhibit 10.1

 

Letter of Intent for the Acquisition of Securities of

TOO “Staut Restaurants Holding”

 

This letter of intent (the "LOI") sets forth the intentions of Resource Acquisition Group, Inc. (“Resource Acquisition”) with respect to the proposed acquisition of 100% of the issued and outstanding voting stock (the “Stout Shares”) of TOO “Staut Restaurants Holding” (“Staut”) from the sole holder of the Staut Shares, Ms. Aygerim S. Nartaeva (the “Staut Acquisition”). The Staut Acquisition is referenced herein as the “Transaction.” The Transaction shall be subject to the terms and conditions of definitive share exchange agreement, and such other agreements and instruments as may be necessary to consummate the Transaction (collectively, the "Definitive Agreements”). The closing of the Transaction (the “Closing”) shall be characterized by, and subject to the following:

 

	
Staut Acquisition Consideration

	  	
Resource Acquisition shall issue to Ms. Nartaeva shares of its common stock, par value $.001 per share, in exchange for the Staut Shares. The exact number of shares issuable in the share exchange will be determined upon a successful completion of a due diligence review of Staut by Resource Acquisition.

	
Expected Closing

	  	
The Transaction is expected to close prior to August 31, 2011.

	
Terms and Conditions: The Closing of the Transaction shall be subject to the following:

	
(a)

	
Resource Acquisition shall have conducted a due diligence investigation of Staut, the results of which, if not satisfactory to Resource Acquisition, shall give Resource Acquisition the right to terminate this LOI at any time.  Such due diligence may include, but not be limited to, a thorough review of financial, legal, contractual, environmental, tax, insurance, labor, patent and trademark, pension and benefit, and any other matters that Resource Acquisition and its auditors, tax and legal counsel and other advisors may deem relevant.

	  	
(b)

	
Staut shall have delivered to Resource Acquisition its financial statements for 2009 and 2010 and for the six months ended June 30, 2011 prepared under the U.S. GAAP. The 2009 and 2010 financial statements shall have been audited by a PCAOB member auditor. The interim six month financial statements shall have been reviewed by such auditor.

	  	
(c)

	
Resource Acquisition, Staut and Ms. Nartaeva shall have executed Definitive Agreements embodying customary terms, conditions, representations and warranties and indemnifications prior to August 31, 2011. The Definitive Agreements shall include customary representations and warranties and indemnifications from Staut and Ms. Nartaeva regarding the completeness and accuracy of such representations. Any representations shall survive the Closing for 12 months. The indemnification obligations shall be limited to the total amount of consideration payable to the Seller under the Definitive Agreements and shall expire on the first anniversary of the Closing. 

 

  

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(d)

	
Staut and Ms. Nartaeva shall have obtained any and all consents, government and/or regulatory approvals, all assignments, and all third party approvals as required, to consummate the Transaction.

	  	
(e)

	
Ms. Nartaeva shall have continued to manage the business of Staut in the ordinary course from the date of this LOI until the earlier of the expiration of this LOI or the Closing, and there shall have been no material adverse change in the assets, properties, business, financial condition or capital stock of Staut.

	
Confidentiality

	  	
Upon the execution of this LOI, and provided that the parties have been moving forward in good faith toward completing due diligence investigations and documentation of the Transaction, no party shall  furnish, or authorize any agent or representative to furnish to any third party, any information concerning this LOI, the Transaction, or any non-public information regarding any other party, except that the parties can furnish such information to their employees, agents and representatives who are assisting them in evaluating the Transaction. Each party shall be liable for a breach of this agreement as to confidentiality by its officers, directors, employees, agents or representatives.

	
Publicity

	  	
The parties (including the officers, directors, employees, agents and representatives of each such party) agree that they will not make any public disclosure of or regarding this LOI, the Transaction, the Definitive Agreements or the matters contemplated herein or thereby prior to the Closing without the prior written consent of the other parties hereto, except as may be required under applicable law and except for a current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission and a respective press release announcing execution of this LOI by the parties. Each party shall be liable for a breach of this agreement as to publicity by its officers, directors, employees, agents or representatives.

	
Fees and Expenses

	  	
Each party shall bear their own expenses in connection with any legal, accounting, advisory, out-of-pocket, finders or other fees/expenses incurred with respect to the Transaction.  No break-up or similar fee or penalty shall be imposed on any party in the event it terminates this LOI.

	
Governing Law

	  	
This LOI and the Definitive Agreements shall be governed by and construed in accordance with the laws of the State of New York.

	
Authority, Assignment and Non-Binding Nature of LOI

	
(a)

	
Each party represents and warrants that they each have the legal right, power and authority to enter into this LOI.  No party has been represented by or incurred any obligation to any broker or finder with respect to the Transaction.

	  	
(b)

	
No party may assign or transfer this LOI without the prior written consent of the other parties.

	  	
(c)

	
This LOI expires upon execution of the Definitive Agreements or on August 31, 2011 whichever is sooner.

	  	
(d)

	
This LOI constitutes the full and complete agreement among the parties with respect to the subject matter contained in this LOI and there are no further or other agreements or understandings, written or oral, in effect among the parties relating to such subject matter, except as expressly referred to herein.

	  	
(e)

	
This LOI is intended as a current expression of the intent of the parties and shall be binding upon the parties. So long as the parties are moving forward in good faith toward completing the Transaction, no party or its advisors, representatives or agents will solicit any offer from, entertain any solicited or non-solicited offer from or enter into any discussions with any third party concerning any transaction similar to the Transaction (the “No Shop Prohibition”). The No Shop Prohibition will become effective upon the execution of this LOI and will not expire until August 31, 2011. The parties will be bound by all other terms and provisions contained herein including, without limitation, the obligations set forth under Confidentiality, Publicity, Fees and Expenses, Governing Law, Authority and Assignment herein, which provisions shall survive the termination of this LOI.

[Remainder of the Page Intentionally Left Blank]

 

  

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If the foregoing proposal is acceptable to you, please execute this LOI at the place indicated below.

Dated: March 9, 2011.

RESOURCE ACQUISITION GROUP, INC.

 

 

 

 

By: s/ Soledad Bayazit

Name: Soledad Bayazit

Title: Chief Executive Officer

TOO “STAUT RESTAURANTS HOLDING”

By: s/ Aygerim S. Nartaeva

Name: Aygerim S. Nartaeva

Title: Director

 

 

 

3exhibit10_56.htm

Exhibit 10.56

 

	 	
Wells Fargo Bank, National Association

245 S. Los Robles Ave.; 7th Floor

Pasadena, CA 91101

MAC E2006-070

(626) 685-4454 

 

 

December 21, 2010

 

Physicians Formula, Inc.

1055 West 8th Street

Azusa, California 91702

	Attn: 	Jeff Berry 
	 	 
	Re: 	Credit Facility Provided by Wells Fargo Bank, National Association, acting through its Wells Fargo BUsiness Credit operating division

 

Ladies and Gentlemen:

 

Reference is made to the Credit and Security Agreement, dated November 6, 2009 (as heretofore amended, the "Credit Agreement"), between Physicians Formula, Inc. ("Company") and Wells Fargo Bank, National Association ("Wells Fargo"). Capitalized terms not otherwise defined herein shall have the meanings set forth in the Credit Agreement.

 

Company and Wells Fargo hereby (i) agree that the "April 20, 2009" date in Section 5.2(d) of the Credit Agreement is changed to "February 28, 2010", (ii) acknowledge and confirm that no Default of Event of Default shall be deemed to have occurred solely because Company and Wells Fargo did not negotiate in good faith on or prior to April 30, 2009 to establish minimum Book Net Worth, minimum Adjusted EBITDA, and maximum Capital Expenditures requirements for future periods, and (iii) acknowledge that they are now required to comply with Section 5.2(d) of the Credit Agreement on or before February 28, 2010.

 

When executed by you below, this letter agreement shall constitute an amendment to the Credit Agreement, which together with the other Loan Documents, except as hereby amended, shall continue in full force and effect. This letter agreement shall be deemed to be a "Loan Document." The terms of the Credit Agreement are hereby incorporated by reference. To the extent this letter agreement conflicts with the Credit Agreement, the terms of this letter agreement shall prevail. This letter may be executed in counterparts and each such counterpart shall be deemed to be an original

 

[signatures on next page]

 

  

  

  

 

Physicians Formula, Inc.

December 31, 2010

Page 2

 

 

 

Very truly yours,

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

By:  /s/ Gary Whitaker                                           

Name:  Gary Whitaker

Title:  Authorized Signatory

 

 

 

ACKNOWLEDGED AND AGREED TO

AS OF THE 21 DAY OF DECEMBER, 2010:

 

COMPANY:

 

PHYSICIANS FORMULA, INC.

 

By:  /s/ Jeff M. Berry                       

Print Name:  Jeff M. Berry

Title: Chief Financial Officer

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