Document:

ex10-1.htm

    
      Exhibit
10.1

       

    

     

     

    COMPENSATION PLAN FOR MEMBERS
OF

    THE BOARD OF DIRECTORS
OF

    AURASOURCE, INC.

    a Nevada
corporation

     

     

    Following is the
compensation plan for the Board of Directors of AuraSource, Inc. (the
“Company”):

     

    A)     
Current board members – Current members of the Company’s Board of Directors earn
the following compensation:

     

    a.      
Outside Board Members will receive cash compensation of $500 for every meeting
attended in person and $250 for every meeting attended telephonically.

     

    b.      
Option grants:  20,000 stock options on the first business day of each
fiscal year, at closing market price on the day of grant, vesting 25% at the end
of each fiscal quarter.

     

    B)     
New members - One-time stock grant of 100,000 shares of the Company’s Common
Stock on the date of appointment vesting upon the date of appointment.

     

    C)     
Should any grant of stock options to members of the Board of Directors occur on
a day when the stock market is closed, then the option price shall be the
previous closing market price.Specimen Unit certificate

 Exhibit 4.1 
 Number 
 GSAU 
 U N I T S 
 SEE REVERSE FOR CERTAIN DEFINITIONS 
 GLOBAL SHIP LEASE, INC. 
 CUSIP Y27183 40 2 
 Incorporated under the Laws of the Republic of the Marshall Islands 
 UNIT(S) CONSISTING OF ONE CLASS A
COMMON SHARE AND ONE WARRANT, EACH TO PURCHASE ONE CLASS A COMMON SHARE 
 This Certifies that 
 is the owner of Unit(s). 
 Each Unit (“Unit”) consists of one (1) Class A Common Share, par value $0.01 per share (“Class A Common Share”), of Global Ship Lease, Inc., a Republic of the Marshall Islands corporation (the
“Corporation”), and one warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one (1) Class A common share for $6.00 per share (subject to adjustment). The terms of the Warrants are governed by a
Warrant Agreement (the “Warrant Agreement”) and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement
are on file at the office of the Corporation, and are available to any Warrant holder on written request and without cost. 
 WITNESS the seal of the Corporation and the facsimile signature of its duly authorized officer. 
 Dated:

 CHIEF FINANCIAL OFFICER 
 GLOBAL SHIP LEASE, INC 
 CORPORATE 
 REPUBLIC OF THE MARSHALL ISLANDS 
 SEAT 2008 
 CHIEF EXECUTIVE OFFICER 
 COUNTERSIGNED AND REGISTERED: 
 MELLON INVESTOR SERVICES LLC 
 TRANSFER AGENT 
 AND REGISTRAR 
 BY 
 AUTHORIZED SIGNATURE 
 AMERICAN BANK NOTE COMPANY 
 711 ARMSTRONG LANE 
 COLUMBIA, TENNESSEE 38401 
 (931) 388-3003 
 SALES: HOLLY GRONER 615-261-0610 
 / ETHER 7 / LIVE JOBS / G / GLOBAL SHIP LEASE 30058 FC Lot 6 
 PRODUCTION COORDINATOR: CORBIN MATLOCK 931-490-7660 
 PROOF OF AUGUST 6, 2008

 GLOBAL SHIP LEASE, INC. 
 TSB 30058 LOT 6 FC 
 Operator: AP/JB 
 Rev 1 
 PLEASE
INITIAL THE APPROPRIATE SELECTION FOR THIS PROOF: OK AS IS OK WITH CHANGES MAKE CHANGES AND SEND ANOTHER PROOF 
 Colors
Selected for Printing: Intaglio prints in SC-15 maroon. 
 COLOR: This proof was printed from a digital file or artwork on a
graphics quality, color laser printer. It is a good representation of the color as it will appear on the final product. 
 However, it is not an exact color rendition, and the final printed product may appear slightly different from the proof due to the difference between the dyes and printing ink. 
  
 

 

 Global Ship Lease, Inc. 
  
 The Corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and
relative, participating, option or other special rights of each class of shares or series thereof of the Corporation and the qualifications, limitations, or restrictions of such preferences and/or rights. This certificate and the Units represented
hereby are issued and shall be held subject to the terms and conditions applicable to the securities underlying and comprising the Units. 
  
 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to
applicable laws or regulations: 
  

													
	TEN COM	  	–	  	as tenants in common	  	UNIF GIFT MIN ACT–	  	            	  	Custodian	  	            
	TEN ENT	  	–	  	as tenants by the entireties	  	 	  	(Cust)	  	 	  	(Minor)
	JT TEN	  	–	  	as joint tenants with right of survivorship	  	 	  	Under Uniform Gifts to Minors
	 	  	 	  	and not as tenants in common	  	 	  	Act                                      
    
	 	  	 	  	 	  	 	  	(State)

 Additional abbreviations may also be used though not in the above list. 
  
 For Value Received,
                                        
hereby sell, assign and transfer unto 
  

			
	PLEASE INSERT SOCIAL SECURITY OR OTHER	 	 
	IDENTIFYING NUMBER OF ASSIGNEE	 	 
	 	
	 	 	 

  
                                        
                                         
                                         
                                         
                                         
                                         
              
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP
CODE, OF ASSIGNEE) 
                                        
                                         
                                         
                                         
                                         
                                         
              
                                        
                                         
                                         
                                         
                                         
                                         
              
                                        
                                         
                                         
                                         
                                         
 Units 
 represented by the within Certificate, and do hereby irrevocably constitute and appoint

                                        
                                         
                                         
                                         
                            Attorney, 
 to transfer the said Units on the books of the within named Company with full power of substitution in the premises. 
  
 Dated                      

			
	By:	 	

	NOTICE:	 	 THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN
 EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.Specimen Class A common share certificate

 Exhibit 4.2 
 GSA 
 GLOBAL SHIP LEASE 
 THIS CERTIFICATE IS TRANSFERABLE IN JERSEY CITY, NJ, NEW YORK, NY AND PITTSBURGH, PA 
 SEE REVERSE FOR CERTAIN DEFINITIONS 
 CUSIP Y27183 10 5 
 INCORPORATED UNDER THE LAWS 
 OF THE REPUBLIC OF THE 
 MARSHALL ISLANDS 
 This Certifies that 
 is the owner of 
 FULLY PAID AND NONASSESSABLE SHARES OF CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE OF 
 GLOBAL SHIP
LEASE, INC. transferable on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned and registered by the Transfer Agent and
Registrar. 
 IN WITNESS WHEREOF the Corporation has caused this Certificate to be signed in facsimile by its duly authorized
officers and sealed with a facsimile of its corporate seal. 
 Dated: 
 CHIEF FINANCIAL OFFICER 
 GLOBAL SHIP LEASE, INC. 
 CORPORATE 
 REPUBLIC OF THE MARSHALL ISLANDS 
 SEAL 2008 
 * 
 CHIEF EXECUTIVE OFFICER 
 COUNTERSIGNED AND REGISTERED: 
 MELLON INVESTOR SERVICES LLC 
 TRANSFER AGENT AND REGISTRAR 
 BY 
 AUTHORIZED SIGNATURE 
 AMERICAN BANK NOTE COMPANY PRODUCTION COORDINATOR: CORBIN MATLOCK 931-490-7660 711 ARMSTRONG LANE PROOF OF AUGUST 1, 2008 
 COLUMBIA, TENNESSEE 38401 GLOBAL SHIP LEASE, INC. 
 (931) 388-3003 TSB 30058 LOT 1 FC 
 SALES: HOLLY GRONER 615-261-0610 Operator: DWON/AP 
 / ETHER 7 / LIVE JOBS / G / GLOBAL SHIP LEASE 30058 FC Lot 1 Rev. 1 
 PLEASE
INITIAL THE APPROPRIATE SELECTION FOR THIS PROOF: OK AS IS OK WITH CHANGES MAKE CHANGES AND SEND ANOTHER PROOF 
 Colors
Selected for Printing: Logo prints in PMS 072 Blue and Black. Intaglio prints in SC-7 Dark Blue. 
 COLOR: This proof was
printed from a digital file or artwork on a graphics quality, color laser printer. It is a good representation of the color as it will appear on the final product. However, it is not an exact color rendition, and the final printed product may appear
slightly different from the proof due to the difference between the dyes and printing ink. 
  
 

 

 The following abbreviations, when used in the inscription on the face of this certificate, shall be
construed as though they were written out in full according to applicable laws or regulations: 
  

															
	TEN COM	  	—	  	as tenants in common	  	UNIF GIFT MIN ACT	  	—	  	            	  	Custodian	  	            
	TEN ENT	  	—	  	as tenants by the entireties	  	 	  	 	  	(Cust)	  	 	  	(Minor)
	JT TEN	  	—	  	as joint tenants with right of	  	 	  	 	  	under Uniform Gifts to Minors
	 	  	 	  	survivorship and not as tenants	  	 	  	 	  	Act                                       
              
	 	  	 	  	in common	  	 	  	 	  	(State)
	 	  	 	  	 	  	UNIF TRF MIN ACT	  	—	  	                 Custodian (until
age             )
	 	  	 	  	 	  	 	  	 	  	(Cust)	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	                 under Uniform Transfers
	 	  	 	  	 	  	 	  	 	  	    (Minor)	  	 
	 	  	 	  	 	  	 	  	 	  	to Minors
Act                                      

	 	  	 	  	 	  	 	  	 	  	 	  	(State)

  
 Additional
abbreviations may also be used though not in the above list. 
  
 FOR VALUE RECEIVED,
                                        
hereby sell, assign and transfer unto 
  

			
	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE	 	 
	 	
	 	 	 

  
                                        
                                         
                                         
                                         
                                         
                                         
              
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP
CODE, OF ASSIGNEE) 
                                        
                                         
                                         
                                         
                                         
                                         
              
                                        
                                         
                                         
                                         
                                         
                                         
              
                                        
                                         
                                         
                                         
                                         
 Shares 
 of the common stock represented by the within Certificate, and do hereby irrevocably constitute and
appoint 
                                        
                                         
                                         
                                         
                           Attorney 
 to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises. 
  
 Dated                     

  

			
	×	 	

	×	 	

	NOTICE:	 	THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY
CHANGE WHATSOEVER.
	 
	 

  
 Signature(s) Guaranteed 
  

			
	By	 	

	 	 	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.

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