Document:

EX-10.2

EXHIBIT 10.2

June 23, 2009

Mitchell J. Nelson

134 East 80th Street

New York, NY 10075

Dear Mitchell,

Reference is made to that certain Employment Agreement dated as of December 31, 2007 (the
“Employment Agreement”) by and between you and FX Real Estate and Entertainment Inc. (the
“Company), pursuant to which you are employed as Executive Vice President, General Counsel and
Secretary of the Company.

The purpose of this letter agreement (the “Letter Agreement”) is to amend the Employment
Agreement effective immediately and redefine some of the terms and conditions of your continued
employment with the Company. Accordingly, in consideration of the terms and provisions hereof, the
Employment Agreement is hereby amended, effective immediately, as follows:

1. Upon execution hereof, the Company shall promptly pay you a retention bonus of One Hundred
Thirty-One Thousand Two Hundred Fifty Dollars ($131,250), in a lump sum (net of applicable tax
withholdings and related deductions). You hereby agree to remain an employee of the Company for a
period of six (6) months following the date of this Letter Agreement and month-to-month thereafter,
provided that (i) during such six (6) month period the Company may terminate your employment upon
not less than sixty (60) days prior written notice and (ii) either the Company or you may terminate
your employment upon at least thirty (30) days’ advance written notice to the other party,
effective no sooner than the end of such six (6) month period. As set forth herein, the term of
your employment shall continue as provided herein (the “Employment Agreement Term”). Upon
termination of Employee’s Employment Agreement, Employee shall be deemed to have resigned as
Executive Vice President, General Counsel and Secretary of the Company, and as an officer of any of
the Company’s subsidiaries. Section 2 of the Employment Agreement shall be deemed amended
accordingly.

In the event that (i) the Company willfully breaches any material obligation under this
Section 1, or (ii) this Section 1 is held to be invalid or unenforceable by any court or
governmental or regulatory authority having jurisdiction over the subject matter hereof, or (iii)
this Section 1 and the payments made thereunder are avoided under chapter 5 in any bankruptcy
proceeding, then in the case of either (i), (ii), or (iii), this Section 1 shall automatically
terminate and be of no force and effect, in each case as though it was not contained in this
Agreement, and each of the parties shall be entitled to pursue all remedies at law or in equity
resulting from the Company’s failure to make the payments due under paragraphs (e) and (f) of
Section 12.5 of the Employment Agreement for the Salary Payment and Base Bonus Amount.

2. The following sentence shall be added to the end of the first paragraph of Section 4:

“To the extent that Executive shall have additional working time beyond that required to satisfy
the provisions hereof, Executive shall be entitled to devote such time to such business and such
affairs as he may deem appropriate.”

Subsections 4.1., 4.2, 4.3, 4.4, and 4.5 shall be deleted in their entirety.

3. The first paragraph of Section 6 is hereby deleted in its entirety and the following shall
be placed in its stead:

“During the Term of your employment, the Company shall pay you an annualized
base salary (the “Base Salary”) of Five Hundred Twenty-Five Thousand Dollars
(payable in accordance with the Company’s ordinary payroll cycle).”

4. Section 7 is hereby deleted in its entirety and the following shall be placed in its stead:

“7. All stock options granted to you by the Company that are vested as of
June 23, 2009 or as of a date on or prior to the termination of your
employment shall be retained by you.”

5. Subsections 9.3 (a)-(e) are hereby deleted in their entirety and the following shall be
placed in its stead:

“(a) all earned but unpaid Base Salary at the time of the Executive’s death;

(b) the full costs relating to the continuation of any group health,
medical, dental and life insurance program or plan provided through the
Employer for a period of ninety (90) days after the termination of
Employment; and

(c) all reimbursable business expenses incurred by the Executive through
time of his death.”

6. The last sentence of Section 10 is hereby deleted and replaced with the following:

“The existing directors and officers liability insurance policy currently in
effect for the Company covers you and will continue to cover you after your
employment has been terminated as a former officer so long as such policy
remains in place.”

7. Section 12 is hereby deleted in its entirety.

8. Section 13 is hereby deleted in its entirety.

9. Section 14 is hereby deleted in its entirety.

10. The following shall be added as a new provision under the Employment Agreement:

Upon termination of Employee’s Employment pursuant to the Employment Agreement (as
amended hereby), the Company and Employee shall use reasonable efforts to exchange
mutual releases from their obligations under the Employment Agreement.

This Letter Agreement shall be governed by and construed under the laws of the State of New
York (without regard to conflict of law provisions thereof). No party hereto may assign its rights
in whole or in part or delegate its obligations in whole or in part under this Letter Agreement
without the written consent of the other party hereto. Except as provided herein, the Employment
Agreement shall remain in full force and effect. The Employment Agreement, as amended by this
Letter Agreement, constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and supersedes all prior or contemporaneous oral or written understandings
and agreements between the parties hereto with respect to the subject matter hereof. This Letter
Agreement shall be binding upon and inure to the benefit of the respective parties hereto, their
successors and permitted assigns (as well as their heirs and estates, if applicable).

If the foregoing correctly sets forth our understanding, please execute this Letter Agreement
in the space provided below.

Sincerely,

FX REAL ESTATE AND ENTERTAINMENT

INC.

	 
	By:/s/ Paul C. Kanavos

	 

	Name:Paul C. Kanavos

	 

	Title:President

	 

	Accepted and agreed to this 23rd day of June, 2009:

	/s/ Mitchell J. Nelson

	 

Mitchell J. Nelsonexhibit10-20.htm

    FIRST
AMENDMENT TO THE AGREEMENT CONCERNING

    THE
EXCHANGE OF SECURITIES BY AND AMONG GEOBIO ENERGY, INC.,

     AND

    ENVIROPLASTICS
CORPORATION,

    AND

    THE
SECURITY HOLDERS OF ENVIROPLASTICS CORPORATION

    

    

    THIS
FIRST AMENDMENT to the Agreement Concerning the Exchange of Securities by and
among GeoBio Energy, Inc., a Colorado corporation (“GeoBio”) and EnviroPlastics
Corporation, a Nevada corporation (“EP”), and the Security Holders
of EnviroPlastics Corporation, dated March 2, 2009 (the “Agreement”), entered into this
_____day of June 2009, amends the Agreement as follows (the “Amendment”):

     

    RECITALS

    

    A.           GeoBio,
EP and the shareholders of EP (collectively, the “Parties”) entered into an
Agreement Concerning the Exchange of Securities on or about March 2,
2009;

    

    B.           The
Parties wish to amend the Agreement in order provide additional time prior to
its formal Closing date in order to better address reporting and
other compliance requirements;

    

    C.           Unless
otherwise defined in this Amendment, capitalized terms have the meaning as
defined in the Agreement.

    

    Accordingly,
the Parties hereby agree as follows:

    

    
      	
              1.  

            	
              Pursuant
      to Section 7.1 of the Agreement, the parties hereby elect to effect their
      right to mutually amend the Closing date, therefore amend Section 7.1 as
      follows:

            

    

    

    7.1           Closing. The closing of this
Agreement shall be held at the offices of The Otto Law Group, PLLC, or at any
mutually agreeable place within one hundred eighty (180) days of the mutual
execution of this Agreement, unless extended by mutual agreement.  At
the closing:

    

    (a) EP shall
deliver to GeoBio (i) copies of Exhibit 1.2 executed
by all of the EP Security Holders, (ii) an assignment of all of the EP Stock to
GeoBio, (iii) the officer’s certificate described in Section 5.5, (iv) signed
minutes of its directors approving this Agreement.

    

    (b) GeoBio
shall deliver to EP (i) certificates representing the Shares issued in the names
of the EP Security Holders, (ii) the officer’s certificate described in Section
6.5, and (iii) signed minutes of its directors approving this
Agreement.

    

    6.      Except
as otherwise provided herein, all other terms of the Agreement remain in full
force and effect.

     

    

    7.  This
Amendment sets forth the entire understanding and agreement of the parties,
and   supersedes any and all prior contemporaneous oral or
written agreements or understandings between the parties as to the subject
matter of this Amendment.  This Amendment shall be governed by the
laws of the State of Colorado.

    

    8.      This
Amendment may be executed by facsimile and in one (1) or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

    

    

    IN
WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed as
of the date listed above.

    

    

    
      	
               
      

            	
              GEOBIO
      ENERGY, INC.,

            

    

    
      	
               
      

            	 	 

    

    

    

    By:      _____________________                                                

               
Gary
DeLaurentiis

               Authorized
Officer, Director

    

    ENVIROPLASTICS
CORPORATION   

    
 

    By:      
____________________                                            

                
Geoff
Meagher                                                      

                
Chief
Executive Officer

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