Document:

EXHIBIT 10.26

 

 

 

 

 

  

  

  

 

English Translation

 

Amendment Agreement to the "Pre-sale Building Unit Purchase

 

and Sale Agreement, A5 Building, Taipei Enterprise Headquarters Park"

 

 

This Agreement is entered into by and among:

 

	
Jack Jie Qin

	
("Jack Jie Qin")

	
Meifu Development Co., Ltd.

	
("Meifu")

	
EFT Investment Co. Ltd.

	
("EFT")

 

Whereas, Jack Jie Qin arranged to pre-purchase from Meifu all the building units on the 8th to the 14th floors, one unit on the 7th floor, and the 79 parking spaces appurtenant to the above units (the "Purchased Property") in the No. A5 office building (the "A5 Building") situated in the northwest corner of the Neihu Enterprise Headquarters Park, and, on 2 May 2011, signed seven separate Pre-sale Building Unit Purchase and Sale Agreements respectively for each of the 8th, 9th, 10th, 11th, 12th, 13th, and 14th floors and one unit on the 7th floor (the "Pre-Sale Agreements"). On 31 May 2011, the three parties, Jack Jie Qin, Meifu, and EFT signed an agreement (the "Tripartite Agreement") stipulating matters in connection with the assumption and performance of the Pre-Sale Agreements. Now, therefore, on this day of 1 July, the three parties hereto, in connection with matters including the force and effect of the Pre-Sale Agreements and the Tripartite Agreement, hereby stipulate and agree to be mutually bound by the following terms and conditions:

 

	
1.

	
When Meifu has signed new pre-sale agreements with EFT in connection with the Purchased Property (the "New Agreements"), and EFT has performed the payment obligations set out in Article 2 hereinbelow, all the parties hereto agree that the Pre-Sale Agreements and the Tripartite Agreement shall thereupon lose their force and effect. All of the terms and conditions of purchase and sale under the New Agreements between Meifu and EFT shall be the same as those set out in the Pre-Sale Agreements.

 

	
2.

	
When EFT signs the New Agreements, it shall pay to Meifu a Signature Payment and Construction Start Payment of, in combined total, NT$500 million. If and after EFT has performed all of the stipulations set out herein, Meifu agrees not to invoke the provisions of Article 24, paragraph 5, of the Pre-Sale Agreements regarding claiming payment of default interest or penalty from Jack Jie Qin or rescission of the agreement, nor to claim any other rights under the law.

 

	
3.

	
Meifu and EFT agree, regarding the Signature Payment and Construction Start Payment that EFT is required to pay under the New Agreements, that NT$60 million from the sum paid by EFT under Article 1 of the Tripartite Party Agreement shall be directly applied as a portion of the Signature Payment and Construction Start Payment that EFT is required to pay to Meifu under the New Agreements. That is, at the time of signing of this Agreement, EFT shall simultaneously pay NT$350 million toward the difference, and on 6 July 2011 shall pay the remaining difference of NT$90 million.

 

  

  

  

 

	
4.

	
If any matter is not fully covered by this Agreement, it shall be resolved fairly in accordance with the laws and regulations of the Republic of China and the principle of good faith. In the event of any dispute giving rise to litigation under or in connection with this Agreement, the three parties agree that the Taiwan Taipei District Court shall be the court with jurisdiction in the first instance.

 

	
5.

	
This Agreement shall take effect from the date it is signed. It is made in triplicate originals with one to be kept by each of the three parties.

 

(End)

 

  

  

  

 

	
This Agreement is made by and among:

 

	
Jack Jie Qin

	
/s/ Jack Jie Qin

 

US Passport no.: 

 

Contact address: 929, Radecki, Ct., City of Industry, CA 91748 USA

 

Taiwan contact address: 5F, No. 356, Neihu Road, Section 1, Taipei

 

Contact telephone: (02) 8751-0577

 

Meifu Development Co., Ltd.    [seal: Meifu Development Co., Ltd.]

 

Responsible person of the company: Chenghao Peng [seal: Chenghao Peng]

 

Uniform serial number of the company: 04933975

 

Address of the company: 4F, No. 236, Jianguo North Road, Section 2, Zhongshan District, Taipei

 

Telephone: (02) 2516-3328

EFT Investment Co. Ltd.    [seal: EFT Investment Co., Ltd.]

 

Responsible person of the company: Jianping Sun [seal: Jianping Sun]

 

Uniform serial number of the company: 28971239

 

Address of the company: 5F, No. 356, Neihu Road, Section 1, Neihu District, Taipei

 

This 1st Day of July 2011Unassociated Document

 

EXHIBIT 10.27

 

 

 

 

 

  

1

  

 

English Translation

 

Agreement to Amend the "Pre-sale Building Unit Purchase and Sale Agreement,

 

A5 Building, Taipei Enterprise Headquarters Park"

 

This Agreement is entered into by and among:

 

 

	
Jack Jie Qin

	
("Jack Jie Qin")

	
Transglobe Life Insurance Inc.

	
("TransGlobe")

	
EFT Investment Co. Ltd.

	
("EFT")

 

 

Whereas Jack Jie Qin arranged to pre-purchase from TransGlobe all the building units on the 1st to the 6th floors, one unit on the 7th floor, and the 65 parking spaces appurtenant to the above units (the "Purchased Property") in the No. A5 office building (the "A5 Building") situated in the northwest corner of the Neihu Enterprise Headquarters Park, and, on 2 May 2011, signed seven separate Pre-sale Building Unit Purchase and Sale Agreements respectively for each of the 1st, 2nd, 3th, 4th, 5th, and 6th floors and one unit on the 7th floor (the "Pre-Sale Agreements"). On 31 May 2011, the three parties Jack Jie Qin, TransGlobe, and EFT signed an agreement (the "Three Party Agreement") stipulating matters in connection with the assumption and performance of the Pre-Sale Agreements. Now, therefore, on this day of 7 July, the three parties hereto, in connection with matters including the force and effect of the Pre-Sale Agreements and the Three Party Agreement, hereby stipulate and agree to be mutually bound by the following terms and conditions:

 

	
1.

	
When TransGlobe has signed new pre-sale agreements with EFT in connection with the Purchased Property (the "New Agreements"), and EFT has performed the payment obligations set out in Article 2 herein below, all the parties hereto agree that the Pre-Sale Agreements and the Three Party Agreement shall thereupon lose their force and effect. All of the terms and conditions of purchase and sale except the terms of Signature Payment and Construction Start Payment under the New Agreements between TransGlobe and EFT shall be the same as those set out in the Pre-Sale Agreements.

 

	
2.

	
When EFT signs the New Agreements, it shall pay to TransGlobe a Signature Payment and Construction Start Payment of, in combined total, NT$100 million. If and after EFT has performed all of the stipulations set out herein, TransGlobe agrees not to invoke the provisions of Article 24, paragraph 5, of the Pre-Sale Agreements regarding claiming payment of default interest or penalty from Jack Jie Qin or rescission of the agreement, nor to claim any other rights under the law.

 

  

2

  

 

	
3.

	
TransGlobe and EFT agree, regarding the Signature Payment and Construction Start Payment that EFT is required to pay under the New Agreements, that NT$40 million from the sum paid by EFT under Article 1 of the Three Party Agreement shall be directly applied as a portion of the Signature Payment and Construction Start Payment that EFT is required to pay to TransGlobe under the New Agreements. That is, at the time of signing of this Agreement, EFT shall simultaneously pay NT$60 million toward the difference.

 

	
4.

	
If any matter is not fully covered by this Agreement, it shall be resolved fairly in accordance with the laws and regulations of the Republic of China and the principle of good faith. In the event of any dispute giving rise to litigation under or in connection with this Agreement, the three parties agree that the Taiwan Taipei District Court shall be the court with jurisdiction in the first instance.

 

	
5.

	
This Agreement shall take effect from the date it is signed. It is made in triplicate originals with one to be kept by each of the three parties.

 

(End)

 

  

3

  

 

	
This Agreement is made by and among:

 

Jack Jie Qin   /s/ Jack Jie Qin

 

US Passport no.:

 

Contact address: 929, Radecki, Ct., City of Industry, CA 91748 USA

 

Taiwan contact address: 5F, No. 356, Neihu Rd., Sec. 1, Taipei

 

Contact telephone: (02) 8751-0577

 

 

Transglobe Life Insurance Inc.    [seal: Transglobe Life Insurance Inc.]

 

Responsible person of the company: James Liu

 

Uniform serial number of the company: 70817744

 

Address of the company: 15F, No. 238, Jianguo North Rd., Sec. 2, Zhongshan District, Taipei

 

Telephone: (02) 2506-8800

 

 

EFT Investment Co. Ltd.    [seal: EFT Investment Co., Ltd.]

 

Responsible person of the company: Sun Jianping (Pyng Soon)

 

Uniform serial number of the company: 28971239

 

Address of the company: 5F, No. 356, Neihu Rd., Sec. 1, Neihu District, Taipei

 

 

This 7th Day of July 2011

 

  

4Unassociated Document

Grant No.: __-__-PS-_

ROYAL GOLD, INC.

2004 OMNIBUS LONG-TERM INCENTIVE PLAN

 

PERFORMANCE SHARE AGREEMENT

 

Royal Gold, Inc., a Delaware corporation (the “Company”), hereby grants performance shares relating to shares of its common stock, $.01 par value (the “Stock”), to the individual named below as the Holder, subject to the vesting conditions set forth in the attachment.  Additional terms and conditions of the grant are set forth in this cover sheet, in the attachment and in the Royal Gold, Inc. 2004 Omnibus Long-Term Incentive Plan (the “Plan”).

 

Grant Date:

 

Name of Holder:

 

Holder’s Social Security Number:

 

Number of Performance Shares Covered

by Grant:

 

This Performance Share grant is subject to all of the terms and conditions described in this Agreement and in the Plan, a copy of which is available for your review upon request to the Corporate Secretary.  You should carefully review the Plan, and the Plan will control in the event any provision of this Agreement should appear to be inconsistent with the terms of the Plan.

 

	
Grantee:

	
        

	  
	  	
(Signature)

	  
	  	  	  
	
Company:

	
       

	  
	  	
(Signature)

	  
	  	  	  
	
Title:

	
President and Chief Executive Officer

	  

 

Attachment

 

This is not a stock certificate or a negotiable instrument.

 

  

1

  

ROYAL GOLD, INC.

2004 OMNIBUS LONG-TERM INCENTIVE PLAN

 

PERFORMANCE SHARE AGREEMENT

 

	
Performance Shares Transferability

	  	
This grant is an award of performance shares in the number of shares set forth on the cover sheet, subject to the vesting conditions described below (the “Performance Shares”).  Your Performance Shares may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise, nor may the Performance Shares be made subject to execution, attachment or similar process.

	  	  	  
	
Vesting

	  	
The Performance Shares shall vest as follows:  One Hundred percent (100%) of the Performance Shares granted hereunder shall vest upon achievement of an increase in adjusted free cash flow per share (“AFCPS”) to $____ per basic weighted average share outstanding (“WASO”).  For the period ended __________, the trailing twelve month AFCPS was $___ per WASO.  This increase to $_____ per WASO represents a ___ percent compounded annual growth rate (“CAGR”) over the contractual term of the Performance Shares granted hereunder. Vesting may occur upon achievement of twenty five percent increments of the target increase in AFCPS, or upon achievement of trailing twelve month AFCPS of $_____ per WASO for twenty five percent (25%) vesting, $_____ per WASO for fifty percent (50%) vesting and $_____ per WASO for seventy five percent (75%) vesting.

	  	  	  
	  	  	
AFCPS is defined as operating income plus production taxes, exploration expenses, depreciation, depletion and amortization, non-cash charges, and any impairment of mining assets, less non-controlling interests in operating income of consolidated subsidiaries, and calculated quarterly on a trailing twelve month basis.

	  	  	  
	  	  	
WASO is defined as the average weighted number of shares outstanding over the previous twelve month period, which is reported each fiscal quarter as Basic Weighted Average Shares Outstanding in our Consolidated Statements of Operations and Comprehensive Income.

	  	  	  
	  	
  

	
No additional Performance Shares will vest after your Service has terminated for any reason.

 

  

2

  

	  	 	
All Performance Shares that have not vested by the fifth anniversary of the Grant Date will be forfeited.

	  	 	  
	  	 	
The Compensation, Nominating and Corporate Governance Committee has the authority to certify whether the vesting thresholds set forth above have been achieved within the meaning of Treasury Regulations, Section 1.162-27(e)(5).  Any such determinations shall be made in the sole discretion of the Compensation, Nominating and Corporate Governance Committee.  The resulting aggregate number of vested Performance Shares will be rounded down to the nearest whole number of Performance Shares.  You may not vest in more than the number of Performance Shares covered by this grant.

	  	 	  
	
Termination without Cause, Good Reason or Non-Renewal of Employment Agreement; Change of Control

	 	
Notwithstanding the foregoing vesting rules, if (i) the Company terminates your Service or your Employment Agreement without “Cause” (as defined in your Employment Agreement) during the term of your Employment Agreement, (ii) you terminate your Service or your Employment Agreement for “Good Reason” (as defined in your Employment Agreement) during the term of your Employment Agreement, or (iii) your Service is terminated upon the Company’s election not to renew the term for one of the four successive one-year renewal terms pursuant to Section 2 of your Employment Agreement, and any such termination does not occur within two (2) years after the occurrence of a “Change of Control” (as defined in your Employment Agreement), then, you will be vested as of the date of your termination in all or a portion of the Performance Shares to which you would be entitled based on the Company’s performance through the last day of the Company’s fiscal quarter in which your Service is terminated and determined in accordance with the Company’s practices as in effect at such time.  The resulting aggregate number of vested shares will be rounded to the nearest whole number, and you cannot vest in more than the number of shares covered by this grant.

 

  

3

  

 

	  	 	
If (i) the Company terminates your Service or your Employment Agreement without “Cause” (as defined in your Employment Agreement) during the term of your Employment Agreement, (ii) you terminate your Service or your Employment Agreement for “Good Reason” (as defined in your Employment Agreement) during the term of your Employment Agreement, or (iii) your Service is terminated upon the Company’s election not to renew the term for one of the four  successive one-year renewal terms pursuant to Section 2 of your Employment Agreement, and any such termination occurs within two (2) years after the occurrence of a “Change of Control” (as defined in your Employment Agreement), then, you will be one hundred percent (100%) vested in the Performance Shares as of the date of your termination.

	  	 	  
	  	 	
As used herein, the term "Employment Agreement" shall mean that certain Employment Agreement between you and the Company dated ___________ as the same may be amended after the date hereof.

	  	 	  
	
Delivery of Stock Pursuant to Vested Performance Shares

	 	
A certificate for all of the shares of Stock represented by the vested Performance Shares (which shares of Stock will be rounded down to the nearest number of whole shares) will be delivered to you on or immediately after you have vested in such Performance Shares provided that, if vesting occurs during a period in which you are (i) subject to a lock-up agreement restricting your ability to sell shares of Stock in the open market, or (ii) restricted from selling shares of Stock in the open market because you are not then eligible to sell under the Company’s insider trading plan or similar plan as then in effect (whether because a trading window is not open or you are otherwise restricted from trading), delivery of such shares of Stock will be delayed until the first date on which you are no longer prohibited from selling shares of Stock due to a lock-up agreement or insider trading plan restriction.

	  	 	  
	
Forfeiture of Unvested Performance Shares

	 	
In the event that your Service terminates for any reason, except as provided above in the section entitled "Termination without Cause, Good Reason or Non-Renewal of Employment Agreement; Change of Control," you will forfeit all of the Performance Shares that have not yet vested.

 

  

4

  

	
Withholding Taxes

	 	
You agree, as a condition of this grant, that you will make acceptable arrangements to pay any withholding or other taxes that may be due as a result of vesting in Performance Shares or your acquisition of Stock under this grant.  In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to this grant, the Company will have the right to:  (i) require such payments from you; (ii) withhold such amounts from other payments due to you from the Company or any Affiliate; or (iii) cause an immediate forfeiture of shares of Stock subject to the Performance Shares granted pursuant to this Agreement in an amount equal to the withholding or other taxes due.

	  	 	  
	
Retention Rights

	 	
Neither the Performance Shares nor this Agreement give you the right to be retained by the Company (or any parent, Subsidiaries or Affiliates) in any capacity.  The Company (and any parent, Subsidiaries or Affiliates) reserve the right to terminate your Service at any time and for any reason.

	  	 	  
	
Shareholder Rights

	 	
You, or your estate or heirs, have no rights as a shareholder of the Company until a certificate for shares of Stock relating to the vested Performance Shares has been issued (or an appropriate book entry has been made).  No adjustments are made for dividends or other rights if the applicable record date occurs before your stock certificate is issued (or an appropriate book entry has been made), except as described in the Plan.

	  	 	  
	
Adjustments

	 	
In the event of a stock split, a stock dividend or a similar change in the Stock, the number of Performance Shares covered by this grant shall be adjusted (and rounded down to the nearest whole number) if required pursuant to the Plan.

	  	 	  
	
Applicable Law

	 	
This Agreement will be interpreted and enforced under the laws of the State of Delaware, other than any conflicts or choice of law, rule or principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction.

	  	 	  
	
Consent to Electronic Delivery

	 	
The Company may choose to deliver certain statutory materials relating to the Plan in electronic form.  By accepting this grant you agree that the Company may deliver the Plan prospectus and the Company’s annual report to you in an electronic format.  If at any time you would prefer to receive paper copies of these documents, as you are entitled to, the Company would be pleased to provide copies.  Please contact the Corporate Secretary at (303) 573-1660 to request paper copies of these documents.

	  	 	  
	
The Plan

	 	
The text of the Plan is incorporated in this Agreement by reference.  Certain capitalized terms used in this Agreement are defined in the Plan, and have the meaning set forth in the Plan.

 

  

5

  

	  	 	
This Agreement and the Plan constitute the entire understanding between you and the Company regarding the Performance Shares.  Any prior agreements, commitments or negotiations concerning the Performance Shares are superseded.

	  	 	  
	
Stock Ownership Requirements

	 	
You are required to continue to hold fifty percent (50%) of the shares of Stock acquired pursuant to this Performance Share grant (such 50% to be determined after reducing the shares of Stock covered by this grant by the number shares of Stock equal in value to the amount required to be withheld to pay taxes in connection with this grant) until the number of shares of stock owned by you equals or exceeds ________.

 

By signing the cover sheet of this Agreement, you acknowledge that you have received, read and understand the Plan and this Agreement, and agree to abide by and be bound by their terms and conditions.

 

  

6

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