Document:

Exhibit 10.1 - Amended and Restated Loan Agreement

Exhibit 10.1

AMENDED AND RESTATED LOAN AGREEMENT

THIS AGREEMENT made the 7th day of April 2008 

BETWEEN:

JAMES ASKEW, of 6417 Mercer, Houston, Texas, 77005; and 

(the “Lender” or “Holder”) 

OF THE FIRST PART

AND: 

GULF UNITED ENERGY, INC., a company incorporated pursuant to the laws of 

Nevada with an office at 3555 Timmons, Suite 1500, Houston, Texas, 77027 

(“Gulf United”, “Maker” or “Borrower”) 

OF THE SECOND PART

WHEREAS:

	A.      	
The Maker issued that certain Loan Agreement, dated April 10th 2007 in favor of Lender for a total of US$1,388,985.00 (the “Original Loan”) pursuant to that certain letter of intent dated March 22, 2006 by and between Gulf United and Cia. Mexicana de Gas Natural, S.A. de C.V. (the “Letter of Intent”) and subsequently pursuant to the related Joint Venture Agreement dated July 15, 2007;

	 
	B.      	
The Lender and Maker wish to amend the Original Loan on the certain terms and conditions contained herein;

	 

                           NOW THEREFORE THIS AGREEMENT WITNESSETH that for and in consideration of the set forth herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

	1.      	
The Original Loan is hereby amended and restated in it entirety.

	 
	2.      	
The Lender has advanced/loaned as of February 29, 2008 total principal and interest of $1,683,793.28 to Gulf United (the “Loan”). In addition, the Loan shall include any additional funds that the Lender may advance to Gulf United, or on its behalf, in the future, subject to Gulf United’s consent. 

	 

 

3.        The Loan shall bear simple interest at a rate of 10% per annum, calculated in arrears on a monthly basis commencing as of September 1, 2007 and for each additional 

           advance on the date that such advance is made to Gulf United and continuing until the entire Loan amount is paid in full. The Loan shall be secured by Gulf United’s 

           equity interest in the Project Companies, as defined in the Joint Venture Agreement. In the event of a default hereunder by Gulf United, such equity interest held by 

           Gulf United in the Project Companies, as defined in the Joint Venture Agreement, shall immediately be assigned to Lender at Lender’s sole discretion. 

4.        The Loan, as well as all accrued interest, shall be due and payable from Gulf United to the Lender on June 15, 2008. Gulf United shall not be penalized for early repayment. 

5.        At any time, Gulf United may satisfy the repayment of the Loan and all interest accrued hereunder by transferring by way of bill of sale all of its rights, title and interest in the 

           joint venture companies to the Lender. 

6.        All funds and dollar amounts referred to in this Agreement are in the lawful currency of the United States of America. 

7.        Lender hereby waives any and all breaches or defaults on the Original Loan, including any late fees. 

8.        This Agreement shall be interpreted in accordance with the laws in effect from time to time in the State of Texas. 

     IN WITNESS WHEREOF the parties hereto have hereunto affixed their respective hands, both as of the day and year first above written. 

GULF UNITED ENERGY, INC. 

	                                                                                                                	By: D.W WILSON  
	  
	JAMES ASKEW  	Name: D. W. WILSON  
	James Askew  	  
	  	Title: PresidentExhibit 10.10 - Technology Option Agreement.

Exhibit 10.10

	MemPore/FirstBingo  	 Technology Option Agreement  -  THIRD EXTENSION  

TECHNOLOGY OPTION AGREEMENT - THIRD EXTENSION

B E T W E E N :

MEMPORE CORP.

a corporation under the Canada Business Corporations Act

(“MemPore”)

-and-

SOUTH SHORE RESOURCES INC. (formerly FIRSTBINGO.COM)

a corporation under the law of Nevada, U.S.A.

(the “Developer”)

WHEREAS MemPore and the Developer entered into an Technology Option Agreement (“TOA”) under which the Developer will explore opportunities for commercial use of MemPore’s technology, and the Term of the TOA was defined to be from October 1, 2006 to March 31, 2007, and which was subsequently extended to September 30, 2007 and then to December 31, 2007;

AND WHEREAS MemPore requires more time to perform its obligations required by the TOA;

THEREFORE in consideration of the mutual covenants contained herein and other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged by each of the parties hereto), the parties hereto agree as follows:

	         1.    	
The “Term” as defined in the TOA shall be extended until February 28, 2008.

	    
	2.    	
The parties agree to discuss terms and conditions of a licensing agreement during January and February, 2008 if the technology development and testing is a success.

	    
	3.    	
In all other respects, the parties ratify and confirm the TOA.

	    
	4.    	
This Agreement shall be incorporated into and form part of the TOA.

	   
	5.    	
This Agreement may be executed in two counterparts, each of which shall be deemed an original, but both of which together shall constitute a single agreement.

	   

IN WITNESS WHEREOF each of the parties hereto has entered into this Agreement as of the date and year of the last signature below:

	MEMPORE CORP.  	  	SOUTH SHORE RESOURCES INC.  	  
	per:  	TERRY KIMMEL	  	per:  	RICHARD WACHTER  	  
	  	Terry Kimmel, President	  	  	Richard Wachter, President  	  
	Date:  	January 17, 2008  	  	
Date:  

	January 17, 2008Newport  Capital  Consultants  Inc

Exhibit 10.1

Newport  Capital  Consultants  Inc.

             CONSULTING AND INVESTMENT BANKING SERVICES

                 949-759-0439                                                                                             gbryant@cox.net

Holmes Biopharma, Inc.

ATTN: John Metcalfe/CEO

8655 E. Via De Ventura, Suite G-200

Scottsdale, AZ 85258

(206) 245-4779

                                                                                     

                                                                       Consulting Agreement

     This agreement is made and entered on the 9th day of January, 2008 by and between Newport Capital Consultants, Inc. ("NCC") 19 Island Vista, Newport Beach, CA. 92657 and Holmes Biopharma, Inc. ("Company"), located at the address above.

WHEREAS, the Company desires to retain NCC and NCC agrees to provide its broker relations program to the Company for the compensation that is listed herein.

NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained, the parties agree as follows:

1)  The Company appoints NCC to provide a broker relations program to the Company.

2)  NCC accepts the appointment and agrees to use its “best efforts” during the term of this agreement to inform, follow up, and update select brokers and market makers throughout the United States regarding the Company and its progress.  This shall be done via regular direct personal telephone contact, face to face meetings, fax, mail, email or by means necessary to achieve the goal of the Company.

3)  The Company will: (a) Provide NCC with information about the Company and keep NCC updated, including but not limited to:  copies of news or press releases, published articles, financial statements, and SEC required filings. (10Q's, 10K's, etc.)  (b) Send additional specific information to brokers as requested by NCC.  (c) Participate with NCC as a team member and cooperate with NCC in the mutual effort to achieve the financial market related goals of the Company.                                                                             

4)  The Company will pay NCC all reasonable expenses, to be pre-approved by a designated officer of the Company.

5) The remuneration paid by the Company to NCC for these services will be as follows:

·

$5000 per month for consulting services, payable upon consummation of this agreement and payment due by the 10th of each month for the prior month service.  

·

50,000 shares of the Company issued upon consummation of this agreement, plus an additional 50,000 shares of the Company issued at the completion of each quarter of 2008 (total 200,000 shares). 

·

1,000,000 options to purchase additional common shares of the Company on the terms outlined in the attached option schedule. 

6)  This agreement may be terminated by either party at anytime for any reason on 60 days notice.  Upon such termination, the Company will be responsible to pay NCC all cash and securities earned as of such termination date and will thereafter owe NCC no additional consideration.

7)  (a)

Introductions.  During the term of this Agreement, NCC agrees to introduce, from time to time as NCC deems appropriate in its sole discretion, Company to one or more investors or NASD member broker-dealers who may be interested in investing in or arranging for others to invest in Company’s securities.  Company acknowledges that neither NCC nor any of its principals hold any broker-dealer registrations or salesperson licenses and that NCC intends to restrict its activities hereunder so as to avoid the need or requirement to obtain any such registrations or licenses. 

(b)

No Agency.  NCCs sole and only role related to financing is that of an introducer of investors or NASD member broker-dealers to the Company.  NCC acknowledges that it is not an agent or representative of the Company and has no authority to speak, act or negotiate on the Company’s behalf other than to introduce the Company to certain investors or NASD member broker-dealers.  

(c)

Revision of Investor Materials. NCC agrees to review materials prepared by Company for the purpose of investor consideration. NCC shall make appropriate recommendations for refining said materials and assist Company in the revision thereof. NCC also agrees to work with Company to create a PowerPoint presentation suitable for investor review that incorporates some or most of the investor materials provided by Company.

8)  Arbitration and Fees.  Any controversy or claim arising out of or relating to this Agreement, or breach thereof, may be resolved by mutual agreement or, if not, shall be settled in accordance with the arbitration rules of the American Arbitration Association in Orange County, California.  Any decision issued therefrom shall be binding upon the parties and shall be enforceable as a judgment in any court of competent jurisdiction.  The prevailing party in such arbitration or other proceeding shall be entitled, in addition to such other relief as may be granted, to a reasonable sum as and for attorneys’ fees in such arbitration or other proceeding which may be determined by the arbitrator or other officer in such proceeding.  If collection is required for any payment not made when due, the creditor shall collect statutory interest and the cost of collection, including attorney’s fees whether or not court action is required for enforcement.

IN WITNESS WHEROF, the parties hereto have executed this agreement as of the day and year listed in the opening paragraph.

If you agree to the foregoing, please sign where indicated below, email to gbryant@cox.net or fax to 949 759-0131.  Please forward an "Original Copy" to me at your earliest convenience.

/s/ Gary Bryant

-----------------------------------------------------

Gary Bryant, President

Newport Capital Consultants

/s/ John Metcalfe

------------------------------------------------------

John Metcalfe, CEO and President

Holmes Biopharma, Inc.

Stock Option Schedule

The options are exercisable on a quarterly basis over a period of two years as follows:

Vesting Date

No. of Options

Option Price

1.

April 10/08

125,000

$0.75

2.

July 10/08

125,000

$1.00

3.

October 10/08

125,000

$1.25

4.

January 10/09

125,000

$1.50

5.

April 10/09

125,000

$1.75

6.

July 10/09

125,000

$2.00

7.

October 10/09

125,000

$2.50

8.

January 10/10

125,000

$3.00

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