Document:

CareView Communications, Inc. 10-Q

 

EXHIBIT 10.2

 

EXTENSION OF MATURITY DATE FOR 

PROMISSORY NOTE

 

This Extension of Maturity
Date for Promissory Note (the “Extension”) dated July 1, 2016, is entered into by and between CareView-Saline, LLC,
a Wisconsin limited liability company (“Maker”) and Rockwell Holdings I, LLC (“Holder”) (collectively known
as the “Parties”).

 

WHEREAS, the pursuant
to a certain Master Investment Agreement entered into by the Parties on November 16, 2009, Maker issued to Holder a Promissory
Note in the principal amount of $109,230with respect to the Project (as defined in the Master Investment Agreement) for the Saline
Memorial Hospital,

 

WHEREAS, the Promissory
Note has a maturity date of three years from the date payments commenced thereunder, which would make the maturity date of the
Promissory Note August 30, 2013,

 

WHEREAS, the maturity
date of the Promissory Note was subsequently extended to December 31, 2013, then to June 30, 2014, then to June 30, 2015, and then
to June 30, 2016,

 

WHEREAS, the Parties
have mutually agreed to extend the maturity date to June 30, 2017,

 

NOW, THEREFORE, in
consideration of the mutual covenants hereinafter set forth, the Parties hereby enter into this Extension as follows:

 

1.          Extension
of Maturity Date for Promissory Note: The Parties agree to extend the maturity date of the Promissory Note to June 30, 2017 (the
“Extended Maturity Date”).

 

2.          Other
Provisions of the Promissory Note: The Parties agree that all other provisions of the Promissory Note will remain in full force
and effect other than the Extended Maturity Date.

 

IN WITNESS WHEREOF,
the Parties hereto have executed this Agreement as of the day and year first above written.

 

	CAREVIEW-SALINE, LLC	 	ROCKWELL HOLDINGS I, LLC
	 	 	 
	 	 	 	 	 
	By:	/s/ Steve Johnson	 	By:	/s/ Matt Bluhm
	 	Steve Johnson	 	 	Matt Bluhm
	 	Manager	 	 	Managing MemberCareView Communications, Inc. 10-Q

 

EXHIBIT
10.3

 

Director
Compensation Policy

 

Overview

 

The
Board of Directors of CareView Communications, Inc. (the “Company”) (the “Board) has approved the following
Director Compensation Policy (“Policy”) to provide an inducement to attract and retain the services of qualified persons
to serve as directors.

 

Eligibility

 

This
Policy shall apply to each director of the Board who is not an employee of, or compensated consultant to, the Company or any of
its affiliates (an “Outside Director”). Employees of the Company and their affiliates are not eligible to receive
compensation under this Policy.

 

Director
Compensation

 

Each
Outside Director shall be compensated in cash and equity as follows:

 

	CASH
	Annual Cash Retainer for All Directors	$	10,000
	Additional Cash Retainer for Board Chair	$	3,000
	Additional Cash Retainer for Audit Committee Chair	$	2,000
	Additional Cash Retainer for Committee Chair	$	2,000
	Additional Cash Retainer for Audit Committee Member	$	1,000
	Additional Cash Retainer for Compensation Committee Member	$	1,000
	 	 	 
	EQUITY
	Annual Equity Award (Stock Options)	$	40,000

 

 

Annual
Cash Retainers

 

The
Annual Cash Retainer to Outside Directors shall be paid quarterly in arrears as of the last day of each fiscal quarter
beginning in fiscal year 2018 with the first Annual Cash Retainer to be paid on March 31, 2018, or at such later date as
determined by the Board. An Outside Director shall be paid his or her initial Annual Cash Retainer within fifteen days of
first being elected or appointed to the Board, with the initial Annual Cash Retainer calculated on a pro-rated basis during
the first fiscal quarter based on the number of days for which the Outside Director provided service; however, in no event
prior to March 31, 2018, or such later date as determined by the Board for the payment of the first Annual Cash
Retainer.

 

     

     

    

 

Annual
Equity Awards

 

Annual
Equity Awards shall be granted in the form of a 10-year non-qualified stock option for shares of the Company’s Common Stock
(the “Stock Option”) issued pursuant to the CareView Communications, Inc. 2015 Stock Incentive Plan (the “Stock
Plan”) equal to $40,000 based on the closing price of the Company’s Common Stock as quoted on www.yahoofinance.com on the date of grant. Upon initial approval of the Policy by the Board, each Outside Director shall be granted the Annual
Equity Award for the 2016 calendar year. Thereafter, the Annual Equity Award will be granted on August 31 of each year. Vesting
of the Stock Option shall occur at the rate of 33.3% on the first anniversary of the grant date, 33.3% on the second anniversary
of the grant date and 33.4% on the third anniversary of the grant date, subject to the Outside Director’s continued service
on the Board. Upon a Change in Control (as defined in the Stock Plan), all unvested shares under the Stock Options shall vest
immediately.

 

An
Outside Director shall be granted his or her initial Annual Equity Award upon election or appointment to the Board, with the initial
Annual Equity Award calculated on a pro-rata basis covering the number of days remaining until the next August 31 grant date.
In the event an Outside Director leaves the Board before any Stock Option is fully vested, the Board shall have discretion to
accelerate the vesting of the Stock Option.

 

Expense
Reimbursement

 

Upon
presentation of documentation of such expenses reasonably satisfactory to the Company, each Outside Director shall be reimbursed
for all reasonable out-of-pocket business expenses incurred in connection with attending meetings of the Board and its committees
or in connection with other business related to the Board. Each Outside Director shall also be reimbursed for reasonable out-of-pocket
business expenses authorized by the Board or one of its committees that are incurred in connection with attendance at meetings
with the Company’s management. Each Outside Director shall abide by the Company’s travel and other policies applicable
to Company personnel.

 

Policy
Review / Amendments 

 

The
Compensation Committee or the Board shall review this Policy from time to time to assess whether any amendments in the type and
amount of compensation provided herein should be adjusted in order to fulfill the objectives of this Policy. This Policy may only
be amended by the Board.

 

This
Policy was approved by the Board on August 31, 2016.Blueprint

 

Exhibit 10.1

 

INTERCOMPANY

LOAN AGREEMENT

 

 

This loan agreement (the “Agreement”)
is dated January 1, 2016 and is made by and between
NaturalShrimp
Holdings, Inc., a Delaware
corporation, as lender (the “Lender”),
represented by its sole director and President Gerald Easterling;
and NaturalShrimp
Incorporated, a Nevada
company, as borrower (the “Borrower”),
represented by its Chief Executive Officer Bill G. Williams
who make this Agreement on the
following terms:

 

	

1.

	
 

	

Subject of the Agreement

	
 

	
 

	

1.1

	
 

	

The
Lender agrees to make loans (individually an “Advance” and
collectively the “Loan”) to the Borrower. This
particular Advance and the amount of the Loan outstanding shall be
denominated in US Dollars and the maximum amount of the Loan
advanced shall not exceed $300,000 (One-Hundred-Fifty-Thousand
Dollars and No Cents) US Dollars (“Maximum Loan
Amount”).

	
 

	
 

	

1.2

	
 

	

The
loan outstanding is due on demand.

	
 

	
 

	

2.

	
 

	

Loan Drawdown

	
 

	
 

	

2.1

	
 

	

The
Borrower may receive the Loan in one or more Advances upon delivery
of an Advance Request or in multiple denominations ordered by the
Lender.

	
 

	
 

	

3.

	
 

	

Interest

	
 

	
 

	

3.1

	
 

	

The
Borrower shall pay 2% interest per annum on any Advance from the
Lender.

 

	

4.

	
 

	

Representations and Warranties of the Borrower

	
 

	

The
Borrower represents and warrants to the Lender that:

	
 

	
 

	

4.1

	
 

	

The
Borrower (i) is a corporation duly organized and validly
existing under the laws of the state of Nevada, and (ii) has
the corporate power and authority to execute, deliver and perform
its obligations under this Agreement.

	
 

	
 

	

4.2

	
 

	

The
transactions contemplated by this Agreement (i) have been duly
authorized by all requisite corporate and, if required, shareholder
action and (ii) will not violate (a) any material
provision of any law, rule or regulation, or the articles of
incorporation of the Borrower, or (b) any order of any
governmental authority.

	
 

	
 

	

4.3

	
 

	

This
Agreement has been duly executed and delivered by the Borrower and
constitutes the legal, valid, and binding obligation of the
Borrower, enforceable against it in accordance with its
terms.

	
 

	
 

	

4.4

	
 

	

No
action, consent or approval of, or registration or filing with or
any other action by any governmental authority is or will be
required in connection with this Agreement.

	
 

	
 

	

5.

	
 

	

Miscellaneous

	
 

	
 

	

5.1

	
 

	

This
Agreement may be extended by mutual consent of the Parties,
provided that any amendment complies with all applicable legal
requirements. The rights and obligations under this Agreement
cannot be transferred or assigned by either Party. The Lender
consents to the assumption of this Agreement and the
Borrower’s rights and obligations hereunder by any person
that becomes the legal successor of the Borrower by operation of
law. No person other than the Lender and the Borrower shall have
any rights under or by virtue of this Agreement.

	
 

	
 

	

5.2

	
 

	

Any
amendments hereto shall be executed in writing and signed by both
Parties.

	
 

	
 

 

 

 

 

 

	

5.3

	
 

	

This
Agreement may be executed in any number of counterparts, and this
has the same effect as if the signatures on the counterparts were
on a single copy of the Agreement.

	
 

	
 

	

5.4

	
 

	

There
is no express or implied intention for this Agreement to benefit
any third party, and nothing contained in this Agreement is
intended, nor shall anything herein be construed, to confer any
rights, legal or equitable, in any person other than the
Borrower.

	
 

	
 

	

5.5

	
 

	

A
person who is not a party to this Agreement has no right under the
Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy
the benefit of any of its terms. The consent of any person who is
not a party to this Agreement is not required to rescind or vary
this Agreement at any time.

 

 

 

	

Signatures of the Parties:

	

 

	

 

	
 

	

 

	
 

	

 

	

 

	
 

	

 

	
 

	

 

	

 

	
 

	

 

	
Lender:
NaturalShrimp Holdings,
Inc.

	

 

	

 

	
Borrower:
NaturalShrimp
Incorporated

 

	

 

	
 

	

 

	

 

	
 

	

 

	
By: /s/ Gerald
Easterling

	

 

	

 

	
By: /s/ Bill G.
Williams

	

 

	
 

	

 

	

 

	
 

	

 

	
Mr. Gerald
Easterling

	

 

	

 

	
Mr. Bill G.
Williams

	

 

	
Title: Director and
President

	

 

	

 

	
Title:
CEO

	

 

	Date: January 1,
2016	

 

	

 

	
Date: January 1,
2016

	

 

	
 

	

 

	

 

	
 

 

	

 

	
 

	

 

	

 

	
By: /s/ Bill Delgado

	

 

	
 

	

 

	

 

	
 

	

 

	
 

	

 

	

 

	
Mr. Bill Delgado

	

 

	
 

	

 

	

 

	
Title: Director

	

 

	
 

	

 

	

 

	Date: January 1,
2016

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