Document:

Letter Agreement dated May 25, 2007

    Exhibit
      10.1

    

    CERTIFICATE
      OF AMENDMENT

    OF

    CERTIFICATE
      OF INCORPORATION

    OF

    PETRO
      RESOURCES CORPORATION

    

    Petro
      Resources Corporation (hereinafter called the "corporation"), a corporation
      organized and existing under and by virtue of the General Corporation Law of
      the
      State of Delaware, does hereby certify:

    

    1.
      The
      name of the corporation is Petro Resources Corporation.

    

    2.
      The
      certificate of incorporation of the corporation is hereby amended by striking
      out ARTICLE IV thereof and by substituting in lieu of said ARTICLE IV the
      following new ARTICLE IV: 

    

    ARTICLE
      IV

    Authorized
      Capital Stock

    

    This
      corporation is authorized to issue two classes of shares designated,
      respectively, “Common Stock” and “Preferred Stock” and referred to herein as
      Common Stock or Common Shares and Preferred Stock or Preferred Shares,
      respectively. The total number of shares of Common Stock this corporation is
      authorized to issue is 100,000,000 and each such share shall have a par value
      of
      $.01, and the total number of shares of Preferred Stock this corporation is
      authorized to issue is 10,000,000 and each such share shall have a par value
      of
      $.01. The Preferred shares may be issued from time to time in one or more
      series. The board of directors is authorized to fix the number of shares of
      any
      series of Preferred Shares and to determine the designation of any such series.
      The board of directors is also authorized to determine or alter the rights,
      preferences, privileges and restrictions granted to or imposed upon any wholly
      unissued series of Preferred Shares and, within the limits and restrictions
      stated in any resolution or resolutions of the board of directors originally
      fixing the number of shares constituting any series, to increase or decrease
      (but not below the number of shares of any such series then outstanding) the
      number of shares of any series subsequent to the issue of shares of that series.
      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3.
      The
      amendment of the Certificate of Incorporation herein certified has been duly
      adopted in accordance with the provisions of Section 242 of the General
      Corporation Law of the State of Delaware.

    

    IN
      WITNESS WHEREOF, the undersigned hereby duly executed this Certificate of
      Amendment hereby declaring and certifying under penalty of perjury that this
      is
      the act and deed of the corporation and the facts herein stated are true, this
      10th day of May 2007. 

    

    PETRO
      RESOURCES CORPORATION

    

    

    

    By:
       /s/
      Donald L.
      Kirkendall                                       

    Donald
      L.
      Kirkendall, President

    

    

    

    By:
       /s/
      Allen R.
      McGee                                                   

    Allen
      R.
      McGee, SecretaryLetter Agreement dated August 14, 2007

    Exhibit
      10.2

     

    D.B.
      ZWIRN SPECIAL OPPORTUNITIES FUND, L.P.

    745
      5th
      Avenue, 18th Floor 

    New
      York,
      New York 10151

     

    August
      14, 2007

     

    PRC
      Williston LLC

    777
      Post
      Oak Blvd.

    Suite
      910

    Houston,
      Texas 77056

    Attention:
      Wayne P. Hall, Chief Executive Officer

    

    
      	
              Re:

            	
              Credit
                Agreement dated as of February 16, 2007 (as
                amended, supplemented or otherwise modified from time to time, the
                “Credit
                Agreement”),
                by and among PRC Williston LLC (the “Borrower”)
                D. B. Zwirn Special Opportunities Fund, L.P., as Administrative Agent
                (“Administrative
                Agent”)
                and the financial institutions that are or may become lenders thereunder
                (“Lenders”).

            

    

     

    Ladies
      and Gentlemen:

     

    Reference
      is hereby made to the Credit Agreement for all purposes. Any capitalized term
      used herein that is not defined herein shall have the meaning attributed to
      it
      in the Credit Agreement.
      Unless
      otherwise noted herein, all references to sections herein shall refer to
      sections in the Credit Agreement. You have requested that the Lenders and the
      Administrative Agent extend the date of the prepayment of the Loans required
      pursuant to Section 9.23 and Borrower’s compliance with the requirements under
      Section 10.01. Administrative Agent and the Lenders agree to extend the date
      that any prepayment required under Section 9.23 is due until October 31, 2007
      (“Repayment
      Date”)
      and
      not require Borrower to comply with Section 10.01 until September 30, 2007
      subject to the terms of this Letter Agreement. 

     

    In
      consideration for extending the prepayment date provided for in Section 9.23
      and
      not requiring Borrower to comply with Section 10.01 until September 30, 2007,
      Borrower agrees to pay to the Administrative Agent for the ratable benefit
      of
      the Lenders a fee equal to $250,000 (“Postponement
      Fee”).
      Such
      Postponement Fee shall be deemed to be earned and payable as of the date of
      this
      Letter Agreement. Borrower will pay to the Administrative Agent the Postponement
      Fee on the date of this Letter Agreement and Lenders agree that they will make
      an advance to the Borrower under the Credit Agreement, which will be a Loan
      for
      all purposes under the Credit Agreement, in order for the Borrower to pay the
      Postponement Fee. The prepayment of the Loans required under Section 9.23 shall
      be made through a payment outside of the waterfall payments provided for in
      Article VI of the Credit Agreement. Such prepayment that is required under
      Section 9.23 will come from a capital contribution of the holders of the Equity
      Interest of the Borrower and will be in addition to and not in substitution
      of
      any payments under Article VI of the Credit Agreement. Failure to make the
      prepayment required by Section 9.23 by the Repayment Date shall constitute
      an
      Event of Default under Credit Agreement. This Letter Agreement shall be deemed
      a
      Loan Document for all purposes.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Except
      for the waivers and extensions as specifically provided for herein, Borrower
      acknowledges and agrees that there are no other amendments, modifications or
      waivers with respect to the Credit Agreement and that the Credit Agreement
      remains in full force and effect as originally entered into. This Letter
      Agreement shall be deemed a Loan Document for all purposes. 

     

    In
      addition, the Borrower acknowledges and agrees that Section 2(c) of each of
      the
      Participation Agreements is no longer in effect and that the Applicable Equity
      Percentage as used in each of the Participation Agreements was not reduced
      as
      there was no equity raise by the Borrower prior to 180 days after the Effective
      Date.

     

    [Remainder
      of Page Intentionally Left Blank.]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    If
      the
      foregoing is acceptable to you please indicate your acknowledgement and
      agreement to the terms and provisions of this Letter Agreement by executing
      this
      Letter Agreement in the space provided below. 

    

      
        	 	
                Sincerely,

              
	 	 
	 	
                D.B.
                  ZWIRN SPECIAL OPPORTUNITIES FUND, L.P., as Administrative
                  Agent

              
	 	 
	 	
                By:      
                  D.B. Zwirn Partners, LLC

              
	 	 
	 	
                By:      
                  /s/
                  David C.
                  Lee                                                  
                  

              
	 	
                Name: 
                  David C.
                  Lee                                                        
                  

              
	 	
                Title:   
                  Authorized
                  Signatory                                        
                  

              

      

    

     

    
 

    AGREED
      TO
      AND ACCEPTED 

    THIS
      14th
      DAY OF AUGUST, 2007:

    

    PRC
      WILLISTON LLC

     

    

     

    By:       /s/
      Wayne P.
      Hall                                                    

    Name:
       Wayne
      P.
      Hall                                                         

    Title:  
       Chief
      Executive
      OfficerPATRICK REDFORD EMPLOYMENT AGREEMENT

PAUL FRAMPTON EMPLOYMENT AGREEMENT

This Employment Agreement by and between Paul Frampton (“Frampton”) and ForeverGreen International, LLC, a Utah company located at 972 North 1430 West, Orem, Utah 84057, effective as of March 1, 2007 (the “Agreement”), incorporates and includes the signed Non-Disclosure and Non-Compete Agreement dated March 12, 2007 as well as the signed Employee Handbook.  This Agreement supersedes, revokes and replaces any and all previous employment agreements or contracts including, but not limited to, the Paul Frampton Employment Contract dated 18 October 2005.

1.

Frampton Position and Duties to ForeverGreen.  Frampton has served and agrees to continue to serve as Vice President of International and to provide ForeverGreen with the customary services associated with such position including, but not limited to, the development of new markets, distributor leaders, distributor relationships and any other services as may be assigned by the CEO or another officer of ForeverGreen.

2.

Business Confidentiality.  Frampton acknowledges that he has confidential information related to the ForeverGreen business and ForeverGreen distributors including vendor names and contact information as well as distributor names and contact information.  Other than to grow and support ForeverGreen, Frampton agrees to not use or disclose any such confidential information.  

3.

Non-Solicitation.  Frampton agrees that he shall not solicit or recruit any member or distributor of ForeverGreen into any other Multi-Level Marketing (MLM) or Network Marketing Company unless said distributor has terminated their distributor position with ForeverGreen for at least a one year period of time.  

4.

Compensation.  Frampton is an at-will salary employee under the laws of the State of Utah.  In addition to any agreed upon salary compensation between ForeverGreen and Frampton, ForeverGreen shall grant twenty seven thousand, five hundred and thirty six (27,536) shares of the ForeverGreen business at the end of each full year of employment for the first four complete years of employment until Frampton shall own a total of one hundred ten thousand, one hundred forty four shares (110,144) of ForeverGreen ownership.   In order to receive the share compensation, Frampton must remain an employee in good standing and ForeverGreen must be profitable as a company.  Further, Frampton shall participate in the employee stock option plan while he remains an employee with ForeverGreen and receive any other benefits accorded to his position in ForeverGreen.

5.

Assignment and Amendment.  This Agreement may not be assigned by any party without the prior written consent of ForeverGreen.  This Agreement may not be changed, amended, discharged, or modified without the mutual written agreement of both parties.

6.

Default, Breach and Violation.  If either party defaults, breaches or violates this Agreement, and a dispute arises to enforce the terms hereof, the prevailing party shall be entitled to reimbursement from the other party of all costs, including attorney's fees and costs incurred to enforce the terms of this Agreement.  The failure of either party to enforce any right, term or provision contained in this Agreement shall not thereafter waive the right of such party to later enforce any term or provision hereof.

7.

Governing Law and Jurisdiction.  This Agreement shall be interpreted and enforced pursuant to the laws and jurisdiction of Utah of the United States of America.

8.

Severability.  If any provision of this Agreement is for any reason held to be excessively broad as to time, duration, geographic scope, activity or subject, it shall be construed by limiting such and reducing it, so as to be reasonable and enforceable to the greatest extent permitted by applicable law.  Further, if any provision of this Agreement is found to be void or invalid, such provision shall not adversely affect the validity of the remaining provisions of this Agreement and shall be severable from the Agreement without invalidating or nullifying any other term or provision hereof.

IN WITNESS WHEREOF, Frampton and ForeverGreen agree to this Paul Frampton Employment Agreement and execute this document as of the date first above written.

FOREVERGREEN INTERNATIONAL, LLC.

PAUL FRAMPTON

 (“ForeverGreen”)

(“Frampton”)

    /s/ Chris Patterson                         

/s/ Paul Frampton                         

By:  Chris Patterson

Individually 

Its:  COO, General Counsel

/s/ Robert Reitz                                   

By:  Robert Reitz

 

Its:  CFO

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