Document:

EXHIBIT 10.18

 

2016 DETERMINATION OF DIRECTOR'S FEES

 

FOR PURPOSES OF THE DIRECTOR DEFERRED FEE AGREEMENT

FOR JEFFREY E. SMITH

THIS AGREEMENT is made this 13th day of December, 2016, by and between THE OHIO VALLEY BANK COMPANY located in Gallipolis, Ohio (the "Company"), and Jeffrey E. Smith  (the "Director").

 

The Company and the Director entered into a DEFERRED FEE AGREEMENT most recently amended on May 20, 2003 (the "Agreement").

 

The Director agrees that the definition of "Fees" in Section 1.1.5 be amended to read as follows effective for deferrals on or after January 1, 2017:

1.1.5 "Fees" means the total annual board retainer and monthly fees paid to all directors, earned by the Director during a Plan Year.  For purposes of clarity, Fees does not include any lead director fees, committee meeting or chair fees or other special director fees.

The parties, by executing this Agreement hereby agree to the terms stated herein.

 

	
DIRECTOR:

	 	
THE OHIO VALLEY BANK COMPANY

	 	 	 
	 	 	 
	 	 	
By:

	 
	
Jeffrey E. Smith

	 	
 

Title:EXHIBIT 10.19

2016 DETERMINATION OF DIRECTOR'S FEES

 

FOR PURPOSES OF THE DIRECTOR DEFERRED FEE AGREEMENT

FOR STEVEN B. CHAPMAN

THIS AGREEMENT is made this 13th day of December, 2016, by and between THE OHIO VALLEY BANK COMPANY located in Gallipolis, Ohio (the "Company"), and Steven B. Chapman (the "Director").

 

The Company and the Director entered into a DEFERRED FEE AGREEMENT most recently amended on December 18, 2012 (the "Agreement").

 

The Director agrees that the definition of "Fees" in Section 1.10 be amended to read as follows effective for deferrals on or after January 1, 2017:

1.10  "Fees" means the total annual board retainer, monthly fees paid to all directors and executive committee fees, earned by the Director during a Plan Year.  For purposes of clarity, Fees does not include any lead director fees, committee meeting or chair fees (other than the included executive committee fees) or other special director fees.

The parties, by executing this Agreement hereby agree to the terms stated herein.

 

	
DIRECTOR:

	 	
THE OHIO VALLEY BANK COMPANY

	 	 	 
	 	 	 
	 	 	
By:

	 
	
Steven B. Chapman

	 	
 

Title:EXHIBIT 10.20

The following form of agreement was executed by The Ohio Valley Bank Company and each of the following directors on the dates indicated beside their names:

	
Name

	 	
Date of Agreement

	 	 	 
	
David W. Thomas

	 	
December 20, 2016

	 	 	 
	
Harold A. Howe

	 	
December 13, 2016

	 	 	 
	
Jeffrey E. Smith

	 	
December 13, 2016

	 	 	 
	
Steven B. Chapman

	 	
December 13, 2016

	 	 	 
	
Thomas E. Wiseman

	 	
December 13, 2016

2016 DETERMINATION OF DIRECTOR'S FEES

 

FOR PURPOSES OF THE DIRECTOR RETIREMENT AGREEMENT

FOR _____________

THIS AGREEMENT is made this ______ day of December, 2016, by and between THE OHIO VALLEY BANK COMPANY located in Gallipolis, Ohio (the "Company"), and ______________ (the "Director").

 

The Company and the Director entered into a DIRECTOR RETIREMENT AGREEMENT most recently amended and restated on ____________________, 20__ (the "Agreement").

 

The Director agrees that Director's "total annual or monthly fees" for purposes of sections 2.1.1 Normal Retirement Benefit, 2.2.1 Disability Benefit, and 3.1.1 Death During Active Service will include the annual board retainer and monthly fees paid to all directors, earned by the Director during a Plan Year and will not include committee fees of any type, lead director fees or other special director fees.

The parties, by executing this Agreement hereby agree to the terms stated herein.

 

	
DIRECTOR:

	 	
THE OHIO VALLEY BANK COMPANY

	 	 	 
	 	 	 
	 	 	
By:

	 
	 	 	
 

Title:EXHIBIT 10.21

The following form of agreement was executed by The Ohio Valley Bank Company and each of the following directors on the dates indicated beside their names:

	
Name

	 	
Date of Agreement

	 	 	 
	
Anna P. Barnitz

	 	
December 13, 2016

	 	 	 
	
Brent A. Saunders

	 	
December 13, 2016

2016 DETERMINATION OF DIRECTOR'S FEES

 

FOR PURPOSES OF THE DIRECTOR RETIREMENT AGREEMENT

FOR _____________

THIS AGREEMENT is made this ______ day of December, 2016, by and between THE OHIO VALLEY BANK COMPANY located in Gallipolis, Ohio (the "Company"), and ______________ (the "Director").

 

The Company and the Director entered into a DIRECTOR RETIREMENT AGREEMENT most recently amended and restated on ____________________, 20__ (the "Agreement").

 

The Director agrees that Director's section 1.7 of the Agreement be amended to read as follows:

		1.7	
"Fees" means the total annual board retainer and monthly fees paid to all directors, earned by the Director during a Plan Year.  For purposes of clarity, Fees does not include committee fees of any type, lead director fees or other special director fees.

The parties, by executing this Agreement, hereby agree to the terms stated herein.

 

	
DIRECTOR:

	 	
THE OHIO VALLEY BANK COMPANY

	 	 	 
	 	 	 
	 	 	
By:

	 
	 	 	
 

Title:agreement

Exhibit 10.1

Consulting Agreement

This Agreement (“Agreement”) is by and between Terkos Tour Co Ltd, including its affiliates and subsidiaries, having its principal office at 74/12, Moo 5, Bophut, Koh Samui, Surat Thani 84320, Thailand (hereinafter collectively referred to as Company) and KRIPTECH INTERNATIONAL CORP., at 21/37 moo 4, Bangrak, Bophut, Koh Samui, Surat Thani 84320, Thailand (hereinafter referred to as Consultant).

In consideration of the mutual covenants as set forth below, the parties named above agree as follows:

 

		
	1.

	SERVICES The services to be performed by Consultant (“Services”) involve

 

Visa consulting service. Type of visa: Schengen. The service includes the following:

Visa application process assistance, application forms, scheduling appointments, documents (self, family and sponsor), advise on financial requirements for the visa application, covering letters and explanatory statements, sponsorship declaration, documents collating for case presentation and preparation for a visa interview (if required), case file submitting at VFS, hotel bookings, tickets and travel insurance assistance.

These Services will be provided by KRIPTECH INTERNATIONAL CORP.

 

		
	2.

	COMPENSATION The compensation to be paid to Consultant for performance of the Services described above will be based on 100% of payment. The service price is $1,500 (One thousand and five hundred US dollars). 

 

		
	3.

	RIGHTS TO DEVELOPMENT All work product developed by Consultant in the performance of Services including, but not limited to, papers, records, reports, analyses, computer based information and drawings (collectively “Developments”) and the patentable intellectual property rights in any such material will be the sole and exclusive property of Company provided, however, that Consultant shall retain the sole and exclusive right to any procedural manuals, personnel data, computer software, processes, process technology, means and know-how developed by Consultant independently from Consultant’s Services provided under this Agreement.

 

		
	4.

	CONFIDENTIAL INFORMATION In order to facilitate Consultant’s Services under this Agreement, it may be necessary for Company to disclose certain data and other proprietary information to Consultant that will, if possible, be labeled with the text “confidential”, and/or to provide Consultant with samples, which, together with any information generated by Consultant in performing Consultant’s Services for Company hereunder (collectively “Technology”). Consultant agrees to retain in strict confidence and not to disclose or transfer any Technology denoted as confidential to any party other than as authorized by Company. Consultant further agrees not to use such information for any purposes other than those of this Agreement. Upon completion of Consultant’s Services hereunder, Consultant will return all Technology copies and any remaining samples to Company, upon request by Company. These obligations of confidentiality and non-use shall not apply to technology: a) that was previously known to Consultant as evidenced by Consultant’s written records, b) that is lawfully obtained by Consultant from a source independent of Company, c) that is now or becomes public knowledge other than by breach of this Agreement, or d) is otherwise required to be disclosed by law. All information regarding Consultant’s pricing and Consultant’s procedural manuals, data, computer software, processes, process technology, means and know-how developed by Consultant and disclosed by Consultant to Company in connection with this Agreement is proprietary, confidential information (“Consultant Know-How”) belonging to Consultant. Consultant Know-How will be held confidential by Company.

 

		
	5.

	TERM AND TERMINATION This Agreement will commence on 14 December 2016 and remains in full force and effect until 14 December 2017, unless mutually extended or terminated early. This Agreement may be terminated by either party, at any time, upon 30-days advance written notice to the other party. 

 

		
	6.

	ASSIGNMENT The rights and liabilities of the parties will bind and inure to the benefit of their respective successors, heirs, executors and administrators, as the case may be, provided that Company has specifically contracted for Consultant’s services. Consultant may not assign or delegate its obligations under this Agreement either in whole or in part without the prior written consent of Company.

 

		
	7.

	GOVERNING LAW: SEVERABILITY This Agreement will be governed by the laws of the Kingdom of Thailand without reference to any conflict of law provision. The parties hereby consent to the jurisdiction of the Administrative Courts for resolution of any disputes arising under this Agreement. If any provision of this Agreement is found by a court of competent jurisdiction to be unenforceable, that provision will be severed and the remainder of this Agreement will continue in full force and effect.

 

		
	8.

	COMPLETE UNDERSTANDING: MODIFICATION Except as expressly provided herein, this Agreement will supersede and render null and void any and all prior Agreements between the parties and their agents and personnel on the subject of this Agreement. Any modifications to the provisions herein must be in writing and signed by the parties.

 

		
	9.

	NOTICES Any notices required or permitted hereunder will be given in writing to the appropriate party at the address specified below or at such address as the party will specify. Such notice will be deemed given upon personal delivery to the appropriate address or sent by certified or registered mail, three days after the date of mailing.

 

		
	10.

	FORCE MAJEURE No party shall be liable for the delay in performance or failure to perform this Agreement if such delay or failure is due to any occurrence beyond the control of the parties including, without limitation, fire, explosion, weather, disease, war, insurrection, civil strife, riots, government action or power failure; provided, however, that the party who is unable to perform resumes performance as soon as possible following the end of the occurrence causing delay or failure.

 

		
	11.

	WAIVER The waiver of either party or the failure by either party to claim a breach of any provision of this Agreement shall not be deemed to constitute a waiver or estoppel with respect to any subsequent breach or with respect to any provision thereof.

 

		
	12.

	INDEMNITY Company hereby agrees to indemnify, defend, and hold Consultant harmless from and against any and all loss, claims, actions, liability and/or suits (including reasonable attorney’s fees) arising directly or indirectly as a result of this Agreement except to the extent that any such loss, cost, claims, actions, liability and/or suits is directly caused by the gross negligence or intentional misconduct of Consultant in the performance of the Services under this Agreement. Consultant hereby agrees to indemnify, defend, and hold Company, its employees, officers, directors and principals harmless from and against any and all loss, claims, actions, liability and/or suits (including reasonable attorney’s fees) arising directly as a result of the gross negligence or intentional misconduct of Consultant in the performance of its Services under this Agreement except to the extent that any such loss, cost, claims, actions, liability and/or suits is directly caused by the gross negligence or intentional misconduct of Company, its employees, officers, directors and principals.

 

		
	13.

	INDEPENDENT CONTRACTOR For the purposes of this Agreement, the parties hereto are independent contractors and nothing contained in this Agreement shall be construed to place them in the relationship of partners, principal and agent, employer/employee or joint ventures. Neither party shall have the power or right to bind or obligate the other party, nor shall it hold itself out as having such authority.

The parties hereto have executed this Agreement as of the last date signed below.

				
	Terkos Tour Co Ltd

	KRIPTECH INTERNATIONAL CORP.

	By:

	

/s/ Akara Dang

	By:

	/s/ Anatolii Antontcev

	Name:

	Akara Dang

	Name:

	Anatolii Antontcev

	Title:

	CEO

	Title:

	President

	Date:

	 December 14,  2016

	Date:

	 December 14, 2016

1

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