Document:

mobi_ex104.htm

EXHIBIT 10.4

 

 

AMENDMENT TO ROYALTY RIGHTS AGREEMENT

 

This Amendment amends that certain Royalty Rights Agreement (“Agreement”) made and entered into this first day of June 2010, by and between Moving Box Entertainment, LLC, its successors and assigns, a North Carolina limited liability company of 222 East Jones Avenue, Wake Forest, North Carolina 27587 (“Moving Box”), and Garrett, LLC, its successors and assigns, a Kentucky limited liability company of 163 Kentucky Ave, Lexington, Ky 40502, Ian McKinnon, #2302, 4801 Bonita Bay Boulevard, Bonita Springs, Florida 34134, and Brad Miller, PO Box 487, Hamilton, Indiana 47642 (Garrett, LLC, Ian McKinnon, and Brad Miller are hereinafter collectively referred to as “Investors”).

Moving Box and the Investors agree that notwithstanding any provision of the Agreement to the contrary, following distribution to Investors under Section 2.2, no funds shall be distributed to Investors, and Investors waive their rights to any distributions, until Moving Box shall have distributed up to its parent Moving Box, Inc. an amount equal to all funds necessary to repay in full any funds loaned or advanced to Moving Box, Inc. by its president Andreas Wilcken Jr., including but not limited to that certain promissory note from Moving Box, Inc. to Andreas Wilcken, Jr. in the amount of $110,200, in accordance with the terms of that note, and any funds advanced by Andreas Wilcken, Jr. to fund operations of Moving Box, Inc.

Moving Box and the Investors further agree that no distributions shall be made to Investors under Section 2.2 or any other provision of this Agreement until Moving Box shall have shall have distributed up to its parent Moving Box, Inc. an amount equal to all funds necessary to fund operating expenses of Moving Box, Inc. on an on-going basis.

This Amendment to Agreement has been executed by the parties either individually or by and through their duly-authorized officers, owners or agents as of January 13, 2011.

 

	  	 	
MOVING BOX ENTERTAINMENT,LLC

	 
	  	By:  	
/s/ Andreas Wilcken

	 
	  	Title: 	
Principal

	 

 

	 	 	INVESTORS:	 
	 	 	 	 
	 	 	GARRETT, LLC	 
	 	 	 	 
	
 

	
By: 

	/s/ Cory Heitz, Principal	 
	 	 	 	 
	 	 	/s/ Ian Mckinnon	 
	 	 	 	 
	 	 	/s/ Brad Millermobi_ex105.htm

EXHIBIT 10.5

 

AMENDMENT TO CONTRACTUAL AGREEMENT

This Amendment dated January 13, 2011, amends the Contractual Agreement (the “Agreement”) executed on March 5, 2010 between Moving Box Entertainment, LLC.  With offices located at 222 E. Jones Ave., Wake Forest, NC  27587, herein referred to as “MBE” and Uptone Pictures Inc. with offices located at 222 E. Jones Ave., Wake Forest, NC  27587 herein referred to as “UP

MBE and UP agree that notwithstanding any provision of the Agreement to the contrary, the requirement of MBE to pay quarterly to UP 50% of all Net Revenue received by MBE in connection with “A BOX FOR ROB” shall not go into effect and no such payment shall be required to be made to UP and UP waives its right to any such payment until MBE shall have distributed up to its parent Moving Box, Inc. an amount equal to all funds necessary to repay in full any funds loaned or advanced to Moving Box, Inc. by its president Andreas Wilcken Jr., including but not limited to that certain promissory note from Moving Box, Inc. to Andreas Wilcken, Jr. in the amount of $110,200, according to the terms of that Note, and any funds advanced by Andreas Wilcken, Jr. to fund operations of Moving Box, Inc.

MBE and UP further agree that, subject to the foregoing, in connection with the requirement of MBE to pay quarterly a percentage of all Net Revenue received by MBE in connection with “A BOX FOR ROB,”  the percentage paid to UP shall be increased from 50% to 91.67%.

This Amendment to Agreement has been executed by the parties either individually or by and through their duly-authorized officers, owners or agents as of January 13, 2011. 

 

	
/s/ Andreas Wilcken Jr.

	 	 	
/s/ Michael Davis

	 
	
Moving Box Entertainment, LLC

	 	 	
Uptone Pictures Inc.mobi_ex106.htm

EXHIBIT 10.6

 

AMENDED PROMISSORY NOTE

Principal amount:  $110,200.00

Date:   July 13, 2010

The undersigned hereby promises to pay Andreas Wilcken, Jr. the sum of One Hundred and Ten Thousand Two Hundred Dollars ($110,200) representing the following advances from Mr. Wilcken on the following dates:

April 8, 2010 - $28,600.00

 

May 5, 2010 - $71,600.00

 

July 13, 2010 - $10,000.00

 

For a total of $110,200.00

This Note bears interest at the rate of 8% per annum and is payable out of the first funds which the undersigned is entitled to retain under the Production Agreement and Royalty Agreement as further described in the undersigned’s registration statement on Form S-1 filed with the SEC; provided, however, that notwithstanding the foregoing, no payments shall be made unless Moving Box, Inc. has sufficient funds to pay its operating expenses prior to making any payments on this Note.  Payments on this Note shall only be made to the extent and in amounts above the amounts Moving Box, Inc. must retain to pay its operating expenses on an on-going basis.  Any unpaid principal and interest on this Note is due July 13, 2020.

The undersigned and all other parties to this note, whether as endorsers, guarantors or sureties, agree to remain fully bound until this note shall be fully paid and waive demand, presentment and protest and all notices hereto and further agree to remain bound notwithstanding any extension, modification, waiver, or other indulgence or discharge or release of any obligor hereunder or exchange, substitution, or release of any collateral granted as security for this note. No modification or indulgence by any holder hereof shall be binding unless in writing; and any indulgence on any one occasion shall not be an indulgence for any other or future occasion. Any modification or change in terms, hereunder granted by any holder hereof, shall be valid and binding upon each of the undersigned, notwithstanding the acknowledgement of any of the undersigned, and each of the undersigned does hereby irrevocably grant to each of the others a power of attorney to enter into any such modification on their behalf. This note shall take effect as a sealed instrument and shall be construed, governed and enforced in accordance with the laws of the State of Nevada.

Moving Box, Inc.

 

	
By: 

	/s/  Andreas Wilcken, Jr., Pres.	 
	 	Andreas Wilcken, Jr., Pres.ex10_1.htm

Exhibit 10.1

AMENDMENT TO CONVERTIBLE SECURED PROMISSORY NOTE

THIS AMENDMENT TO CONVERTIBLE SECURED PROMISSORY NOTE (the “Amendment”), is entered into as of this 14th day of January 2011 (“Effective Date”), by and between Sustainable Environmental Technologies Corporation (formerly RG Global Lifestyles, Inc.), a California corporation (“SETS”), and Horst Franz Geicke (“Lender”).

Preamble:

WHEREAS, the according to the terms of a certain Pro-Water Acquisition Agreement on July 7, 2010 (“Agreement”), SETS acquired Pro-Water LLC (“Acquisition”);

WHEREAS, the terms of the Agreement were amended on July 12, 2010 according to the terms of a certain Amendment No. 1 to the Pro-Water Acquisition Agreement (“Acquisition Amendment”);

WHEREAS, as part of the consideration for the Acquisition, SETS issued to Lender a Convertible Secured Promissory Note for $2,000,000 (“Note”), which was attached as Exhibit A to the Agreement;

WHEREAS, the conversion terms of the Note were amended by the Acquisition Amendment;

WHEREAS, the parties wish to amend the repayment terms of the Note;

NOW, THEREFORE, in consideration of the promises and of the mutual agreements, provisions, covenants, representations and warranties herein contained, the parties hereto hereby agree as follows:

Agreement

1.           The parties agree that as of the Effective Date, the outstanding Principal Amount, including any accrued and unpaid interest, of the Note is $1,880,000.

2.           Subsection (a) of Section 1 “Repayment” of the Note, shall be amended to read as follows:

 

	
a)  

	
The outstanding Principal Amount and all interest accrued thereon shall be payable according to the following monthly schedule to be paid over 60 months commencing with the month of January 2011:

 

See Addendum 1

unless converted by Lender pursuant to Section 5 below.

All monthly payments are due on the last day of each month as payment for such month.

Other than the foregoing, the Note, as amended by the Acquisition Amendment, remains in full force and correct.

IN WITNESS WHEREOF, the parties have executed this Amendment to the Convertible Secured Promissory Note as of the Effective Date.

 

Sustainable Environmental Technologies Corporation

 

	/s/ Keith Morlock 	 
	Keith Morlock 	 
	Secretary 	 
	 	 
	Lender 	 
	 	 
	/s/ Horst Geicke 	 
	Horst Geicke	 

  

  

  

 

Addendum 1

 

	
Payment

	
Monthly Payment

	
Principal Paid

	
Interest Paid

	
Remaining Balance

	
1

	
$35,477.92

	
$27,644.59

	
$7,833.33

	
$1,852,355.41

	
2

	
$35,477.92

	
$27,759.77

	
$7,718.15

	
$1,824,595.64

	
3

	
$35,477.92

	
$27,875.44

	
$7,602.48

	
$1,796,720.20

	
4

	
$35,477.92

	
$27,991.59

	
$7,486.33

	
$1,768,728.62

	
5

	
$35,477.92

	
$28,108.22

	
$7,369.70

	
$1,740,620.40

	
6

	
$35,477.92

	
$28,225.33

	
$7,252.59

	
$1,712,395.07

	
7

	
$35,477.92

	
$28,342.94

	
$7,134.98

	
$1,684,052.13

	
8

	
$35,477.92

	
$28,461.04

	
$7,016.88

	
$1,655,591.09

	
9

	
$35,477.92

	
$28,579.62

	
$6,898.30

	
$1,627,011.47

	
10

	
$35,477.92

	
$28,698.70

	
$6,779.21

	
$1,598,312.77

	
11

	
$35,477.92

	
$28,818.28

	
$6,659.64

	
$1,569,494.48

	
12

	
$35,477.92

	
$28,938.36

	
$6,539.56

	
$1,540,556.12

	
13

	
$35,477.92

	
$29,058.94

	
$6,418.98

	
$1,511,497.19

	
14

	
$35,477.92

	
$29,180.01

	
$6,297.90

	
$1,482,317.17

	
15

	
$35,477.92

	
$29,301.60

	
$6,176.32

	
$1,453,015.58

	
16

	
$35,477.92

	
$29,423.69

	
$6,054.23

	
$1,423,591.89

	
17

	
$35,477.92

	
$29,546.29

	
$5,931.63

	
$1,394,045.60

	
18

	
$35,477.92

	
$29,669.40

	
$5,808.52

	
$1,364,376.21

	
19

	
$35,477.92

	
$29,793.02

	
$5,684.90

	
$1,334,583.19

	
20

	
$35,477.92

	
$29,917.16

	
$5,560.76

	
$1,304,666.03

	
21

	
$35,477.92

	
$30,041.81

	
$5,436.11

	
$1,274,624.22

	
22

	
$35,477.92

	
$30,166.98

	
$5,310.93

	
$1,244,457.24

	
23

	
$35,477.92

	
$30,292.68

	
$5,185.24

	
$1,214,164.56

	
24

	
$35,477.92

	
$30,418.90

	
$5,059.02

	
$1,183,745.66

	
25

	
$35,477.92

	
$30,545.65

	
$4,932.27

	
$1,153,200.01

	
26

	
$35,477.92

	
$30,672.92

	
$4,805.00

	
$1,122,527.09

	
27

	
$35,477.92

	
$30,800.72

	
$4,677.20

	
$1,091,726.37

	
28

	
$35,477.92

	
$30,929.06

	
$4,548.86

	
$1,060,797.31

	
29

	
$35,477.92

	
$31,057.93

	
$4,419.99

	
$1,029,739.38

	
30

	
$35,477.92

	
$31,187.34

	
$4,290.58

	
$998,552.04

	
31

	
$35,477.92

	
$31,317.29

	
$4,160.63

	
$967,234.75

	
32

	
$35,477.92

	
$31,447.77

	
$4,030.14

	
$935,786.98

	
33

	
$35,477.92

	
$31,578.81

	
$3,899.11

	
$904,208.17

	
34

	
$35,477.92

	
$31,710.39

	
$3,767.53

	
$872,497.79

	
35

	
$35,477.92

	
$31,842.51

	
$3,635.41

	
$840,655.28

	
36

	
$35,477.92

	
$31,975.19

	
$3,502.73

	
$808,680.09

	
37

	
$35,477.92

	
$32,108.42

	
$3,369.50

	
$776,571.67

	
38

	
$35,477.92

	
$32,242.20

	
$3,235.72

	
$744,329.46

	
39

	
$35,477.92

	
$32,376.55

	
$3,101.37

	
$711,952.92

	
40

	
$35,477.92

	
$32,511.45

	
$2,966.47

	
$679,441.47

	
41

	
$35,477.92

	
$32,646.91

	
$2,831.01

	
$646,794.56

	
42

	
$35,477.92

	
$32,782.94

	
$2,694.98

	
$614,011.61

	
43

	
$35,477.92

	
$32,919.54

	
$2,558.38

	
$581,092.08

	
44

	
$35,477.92

	
$33,056.70

	
$2,421.22

	
$548,035.37

	
45

	
$35,477.92

	
$33,194.44

	
$2,283.48

	
$514,840.94

	
46

	
$35,477.92

	
$33,332.75

	
$2,145.17

	
$481,508.19

	
47

	
$35,477.92

	
$33,471.64

	
$2,006.28

	
$448,036.55

	
48

	
$35,477.92

	
$33,611.10

	
$1,866.82

	
$414,425.45

	
49

	
$35,477.92

	
$33,751.15

	
$1,726.77

	
$380,674.30

	
50

	
$35,477.92

	
$33,891.78

	
$1,586.14

	
$346,782.53

	
51

	
$35,477.92

	
$34,032.99

	
$1,444.93

	
$312,749.54

	
52

	
$35,477.92

	
$34,174.80

	
$1,303.12

	
$278,574.74

	
53

	
$35,477.92

	
$34,317.19

	
$1,160.73

	
$244,257.55

	
54

	
$35,477.92

	
$34,460.18

	
$1,017.74

	
$209,797.37

	
55

	
$35,477.92

	
$34,603.76

	
$874.16

	
$175,193.61

	
56

	
$35,477.92

	
$34,747.95

	
$729.97

	
$140,445.66

	
57

	
$35,477.92

	
$34,892.73

	
$585.19

	
$105,552.93

	
58

	
$35,477.92

	
$35,038.12

	
$439.80

	
$70,514.82

	
59

	
$35,477.92

	
$35,184.11

	
$293.81

	
$35,330.71

	
60

	
$35,477.92

	
$35,330.71

	
$147.21

	
$0.00

	
Totals

	
$2,128,675.16

	
$1,880,000.00

	
$248,675.16

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