Document:

a6325310ex1021.htm

 

Exhibit 10.21

[COPYTELE, INC. LETTERHEAD]

 

 

 

March 11, 2009

Videocon Industries Limited

2nd Floor, Fort House, D.N. Road

Fort, Mumbai 400 001 (INDIA)

	
Attention:

	
Venugopal N. Dhoot, Director

	
 

	
Naveen Mandhana, Sr. Vice President

 

Dear Sirs:

With respect to the installment of the Technology Transfer Fee scheduled to be paid to by February 16, 2009 under the Amended and Restated Technology License Agreement between Videocon Industries Limited (“Videocon”) and CopyTele, Inc. (“CopyTele”), dated May 16, 2008 (the “License Agreement”), CopyTele hereby waives the February 16, 2009 due date for such installment payment on the condition (i) that Videocon make two partial payments of such installment, each in the amount of US$250,000, the first no later than March 31, 2009 and the second no later than April 30, 2009, and (ii) that Videocon and CopyTele agree upon a mutually acceptable payment schedule for the balance of such installment prior to July 31, 2009. Except as specifically set forth herein, all terms and conditions of the License Agreement shall remain unchanged and shall continue to be valid and binding upon the parties thereto.

Sincerely,

COPYTELE, INC.

By:  /s/ Denis A. Krusos                                     

Denis A. Krusos

Chairman and Chief Executive Officera6325310ex1022.htm

 

Exhibit 10.22

[COPYTELE, INC. LETTERHEAD]

 

 

January 13, 2010

Videocon Industries Limited

2nd Floor, Fort House, D.N. Road

Fort, Mumbai 400 001 (INDIA)

	
Attention:

	
Venugopal N. Dhoot, Director

	
 

	
Naveen Mandhana, Sr. Vice President

 

Dear Sirs:

With respect to the installments of the Technology Transfer Fee scheduled to be paid by February 16, 2009 and November 16, 2009, under the Amended and Restated Technology License Agreement between Videocon Industries Limited (“Videocon”) and CopyTele, Inc. (“CopyTele”), dated May 16, 2008 (the “License Agreement”), CopyTele hereby waives the February 16, 2009 and November 16, 2009 due dates for such installment payments on the condition (i) that Videocon make partial payments of such installments, the first payment for the period from September 2009 through December 2009 of $300,000 no later than January 18, 2010, and (ii) that Videocon and CopyTele agree upon a mutually acceptable payment schedule for the balance of such installments prior to May 15, 2010.  Except as specifically set forth herein, all terms and conditions of the License Agreement shall remain unchanged and shall continue to be valid and binding upon the parties thereto.

Sincerely,

COPYTELE, INC.

By:   /s/ Denis A. Krusos                                    

Denis A. Krusos

Chairman and C.E.O.EXHIBIT 4.1 - SPECIMEN STOCK CERTIFICATE

                NOT VALID UNLESS COUNTERSIGNED BY TRANSFER AGENT
              INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

                                                           CUSIP NO.
                                                                    ------------

NUMBER
SHARES

                             Meiguo Ventures I, Inc.
                              ---------------------
                   AUTHORIZED COMMON STOCK: 230,000,000 SHARES
                       COMMON STOCK PAR VALUE: $.0001 EACH

THIS CERTIFIES THAT _____________________________________________

IS THE RECORD HOLDER OF _______________________________________
Shares of the above named Corporation transferable only on the books of the
Corporation in person or by duly authorized attorney, upon surrender of this
Certificate properly endorsed. This Certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar.

     IN WITNESS WHEREOF,  the said Corporation has caused this Certificate to be
signed by its duly  authorized  officers and its  Corporate  Seal to be hereunto
affixed this ___ day of ________, _______

---------------------------------              ---------------------------------
Secretary                                      President

                             MEIGUO VENTURES I, INC.
                                    Corporate
                                      Seal
                                    Delaware
                                      2008
                                      *****

NOT VALID UNLESS COUNTERSIGNED BY TRANSFER AGENT

                                               Countersigned Registered:
                                               Transfer Online, Inc.____________
                                               By_______________________________
                                               Authorized Signature
<PAGE>
                                 [Reverse Side}

NOTICE: Signature must be guaranteed by a firm, which is a member of a
registered national stock exchange, or by a bank (other than a saving bank), or
a trust company.

     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 and not as                      Act____________
          tenants in common                                    (State)

Additional abbreviations may also be used though not in the above list.

For value received,______________________________________________________ hereby
sell, assign and transfer unto _________________________________________________
Shares represented by the within Certificate and do hereby irrevocably
constitute and appoint ___________________________________ Attorney to transfer
the said Shares on the books of the within named Corporation with full power of
substitution in the premises. Dated _________________________
----------------------------

                  In presence of  _____________________

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

--------------------------------------------------------------------------------
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING ZIP CODE OF ASSIGNEE)

--------------------------------------------------------------------------------

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, THE SIGNATURE(S) MUST BE GUARANTEED BY
AN ELIGIBLE GUARANTOR INSTITUTION.

SIGNATURE GUARANTEED:Exhibit 10.13

                         LOAN & SECURITIZATION AGREEMENT

This Loan &  Securitization  Agreement  ("Agreement"),  dated June 8,  2010,  is
entered into by and between  Boston Pizza  Restaurants  (USA),  Inc., a Delaware
corporation,  whose mailing address is 1501 LBJ Freeway,  Suite #450, Dallas, TX
75234 (the "Lender") and Global Entertainment Corporation, a Nevada corporation,
whose mailing address is 1600 North Desert Drive Suite 301 Tempe,  Arizona 85281
(the "Borrower"). The parties hereby agree as follows:

                               I. REVOLVING CREDIT

1.1  General.  Subject  to the  terms  of  this  Agreement,  the  Lender  hereby
     establishes  a  credit  facility  in  favor of the  Borrower  (the  "Credit
     Facility")  under which the Lender will extend  credit to the Borrower from
     time to time until December 31, 2010 (the "Credit  Termination  Date"),  by
     way of Loans pursuant to Section 1.2 hereof. Each extension of credit shall
     be in such amount as the Borrower  may request,  but shall not be less than
     an amount equal to $30,000 per request.  The aggregate  principal amount of
     the  Credit   Facility   established   herein   shall  be   $300,000   (the
     "Commitment").  In  consideration  for Lender  making  the Loans  described
     herein, the Borrower's  cumulative  outstanding balance shall not exceed at
     any  one  time  an  amount  equal  to one  hundred  percent  (100%)  of the
     Borrower's and any of its subsidiaries'  collectable  accounts  receivable.
     The Borrower may obtain  credit,  repay without  penalty and obtain further
     credit as provided for under this Agreement, from the date hereof until the
     Credit Termination Date.

1.2  Drawings.  The Borrower may draw on the Commitment in the following manner:
     By  submitting a written  "Notice of Borrowing"  request to Lender,  in the
     form attached  hereto as Exhibit A, the terms of which are  incorporated by
     reference  herein,  for a cash  advance  (each  such  cash  advance  herein
     referred to as a "Loan," or collectively  as "Loans"),  in a minimum amount
     of $30,000 per Loan. Borrower may request a maximum of two (2) Loans in any
     one calendar month prior to October 31, 2010. No Loans to Borrower shall be
     made by Lender after October 31, 2010 ("Final Loan Date").

1.3  Purpose. The proceeds of the Loans and other extensions of credit under the
     Credit   Facility  shall  be  used   exclusively   for  general   corporate
     expenditures  as described on the  Borrower's  "Monthly Cash Flow Forecast-
     June 2010  through May 2011,"  dated May 26,  2010,  the terms of which are
     incorporated herein by this reference.

1.4  Security.  The Credit  Facility  and Loans  shall be secured by one hundred
     percent (100%) of Borrower's and its subsidiaries'  accounts receivable.  A
     copy of Borrower's  collectable  accounts  receivable  shall be provided to
     Lender within three (3) business days following each previous  month's end.
     In  addition,  Lender shall cause a UCC-1  Financing  Statement to be filed
     with the  Office of the  Secretary  of State of  Arizona  to  evidence  the
     pledged security as described herein.

1.5  Requests for Loans or Credit.  Within  three (3) business  days of Lender's
     receipt and approval of Borrower's  Notice of Borrowing,  Lender shall send

<PAGE>
     via wire transfer the requested  Loan amount to Borrower's  bank account as
     designated in the Notice of Borrowing.  Borrower shall be  responsible  for
     any and all costs associated with the wiring of said Loan funds.

1.6  Interest; Repayment of Loans and Credit.

     (a)  Interest  Rate.  Borrower  agrees to pay  interest on the  outstanding
          principal  balance of each Loan at the Prime  Rate plus seven  percent
          (7%) per annum.  Prime Rate shall be defined as the U.S. prime rate as
          published in the Wall Street Journal.

          Interest   shall  be  computed  on  the  basis  of  the  actual  daily
          outstanding balance of the Loans multiplied by the daily Interest Rate
          on a 360-day year basis.

          In no event shall the  Borrower be  obligated  to pay any amount under
          this Agreement  that exceeds the maximum  amount  allowable by law. If
          any sum is  collected  in  excess  of the  applicable  maximum  amount
          allowable  by  law,  the  excess  collected  shall,  at  the  Lender's
          discretion, be applied to reduce the principal balance of the Loans or
          returned to the Borrower.

     (b)  Repayment of Loans.

          Payment Schedule.

          (i)  The Borrower agrees to make payments to the Lender of all accrued
               and unpaid interest on the outstanding  principal  balance of the
               Loans as of the end of each calendar  quarter end within ten (10)
               business days following the expiration of such calendar quarter.
          (ii) In addition,  if, at the first day of any  calendar  month during
               the  term of this  Agreement,  Borrower  has  not  requested  and
               received  Loans from  Lender  equal to the  entire  amount of the
               Commitment,  Borrower  shall be  obligated  to pay to  Lender  an
               Unused Line of Credit Fee in an amount  equal to 0.5%  multiplied
               by the  remaining  amount  of the  Commitment  not yet  loaned to
               Borrower.  Borrower shall be obligated to pay such Unused Line of
               Credit Fee to Lender within ten (10) business days  following the
               expiration of each calendar quarter.
          (iii)The  Borrower  may make  Loan  payments  to  Lender  at any time,
               without  penalty,  on or before  the Credit  Termination  Date in
               amounts  of not  less  than  $20,000  ("Loan  Pre-Payments")  per
               payment,  unless the total amount of any  outstanding  and unpaid
               principal  balance  of the  Loans,  and any and all  accrued  and
               unpaid  interest and fees ("Total  Outstanding  Balance") is less
               than $20,000,  in which case such Loan Pre-Payment shall be equal
               to the Total Outstanding  Balance.  Any Loan Pre-Payments paid by
               Borrower  will first be applied  to and  reduce any  accrued  and
               unpaid   interest  with  the   remaining   amount  of  such  Loan
               Pre-Payment(s) applied to the outstanding balance of the Loans.
          (iv) Notwithstanding  any Loan  Pre-Payments made by Borrower prior to
               the Final Loan Date and any date  thereafter,  the Borrower shall

                                       2
<PAGE>
               pay in full on or before  the Credit  Termination  Date the Total
               Outstanding Balance under the Credit Facility.

1.7  Evidence of  Indebtedness;  Loan  Documents.  The Credit  Facility shall be
     evidenced  and/or  secured  by this  Agreement,  a Master  Note in the form
     attached as Exhibit B, and a UCC-1 Financing Statement to be filed with the
     Office  of the  Secretary  of  State of  Arizona  (collectively  the  "Loan
     Documents").

1.8  Borrower's  Obligations.  The Borrower's  obligations  to pay,  observe and
     perform all  indebtedness,  liabilities  and covenants under this Agreement
     and the remainder of the Loan Documents are herein  collectively called the
     "Obligations."

                            II. CONDITIONS OF LENDING

2.1  Extension of Credit. The obligation of the Lender to make the first Loan or
     other   extension  of  credit  under  this  Agreement  is  subject  to  the
     satisfaction  of all of the  following  conditions on or before the date on
     which the  Lender  shall  grant such Loan or other  extension  of credit to
     Borrower (the "Closing Date"):

          Documents  Required  Prior to  Closing  Date.  The  Lender  shall have
          received such fully executed originals or certified copies of the Term
          Sheet  executed by Borrower  and Lender on June 4, 2010,  and executed
          originals of this Agreement and an accompanying Notice of Borrowing.

2.2  Subsequent  Loans or Extensions of Credit.  The obligation of the Lender to
     make the  second or any  subsequent  Loan or other  extension  of credit is
     subject to (i) the prior  satisfaction  of all  conditions  stated above in
     Section  1.2;  and (ii) the  delivery to the Lender of any such  additional
     Loan  Documents  as may have been  reasonably  requested  by the  Lender in
     respect to such subsequent Loan or other extension of credit.

                   III. GRANT OF STOCK SHARE OPTIONS TO LENDER

To further induce the Lender to make the  Commitment  available to the Borrower,
the Borrower shall grant 30,000 options  ("Options") to eligible  individuals as
designated by Lender to purchase an equal number of  Borrower's  shares of stock
at a price  equal to $0.20  per  share.  The  Options  shall be fully  vested in
Lender's  designee,  as  applicable,  on December  31, 2010 and shall  expire on
December 31, 2020.

                      IV. THE LENDER'S RIGHTS UPON DEFAULT

4.1  Events of Default.  Each of the  following  events is an "Event of Default"
     under this  Agreement  and the date upon which such Events of Default occur
     shall collectively be referred to as the "Default Date":

     (a)  The  Borrower's  failure to pay when due any sum payable to the Lender
          under the Loan Documents or under any other  agreement or note between
          the  Lender  and the  Borrower,  whether  now  existing  or  hereafter
          executed;

                                       3
<PAGE>
     (b)  The Borrower's  failure to perform or observe any other  obligation of
          the  Borrower  to  the  Lender  (including,  without  limitation,  all
          obligations undertaken in any of the Loan Documents);
     (c)  The dissolution or insolvency of the Borrower;
     (d)  The  commencement  of any  proceeding  or the  taking of any act by or
          against the Borrower for any relief under  bankruptcy,  insolvency  or
          similar laws for the protection of debtors,  or for the appointment of
          a receiver of the business or assets of the Borrower or the Borrower's
          inability  (or admission of inability) to pay its debts as they become
          due.
     (e)  If an Event of Default has occurred under other than Sections 4.1 (a),
          (c), and/or (d), Lender shall send Borrower a notice of default within
          three  (3) days of the date the  Event of  Default  occurred  ("Notice
          Date"),  and/or if an Event of Default  occurred under Section 4.1(a),
          Lender  shall  afford  Borrower  a period  of ten (10)  days  from the
          Default  Date or Notice  Date,  as  applicable,  in which to cure said
          Event of Default ("Cure Period").

4.2  If an Event of  Default  shall  occur  and be  continuing  beyond  the Cure
     Period,  as  applicable,  the Lender shall have, in addition to any and all
     other  rights and  remedies,  legal or  equitable,  available to the Lender
     under any and all of the Loan Documents or at law, the following additional
     rights and remedies:

     (a)  The right,  at the option of the Lender,  to deny to the  Borrower any
          further Loan or extension of credit (the Lender's obligation to extend
          any further credit to the Borrower shall immediately terminate);
     (b)  The right,  at the option of the Lender,  to declare,  without notice,
          the Total Outstanding Balance under this Agreement,  plus any fees and
          charges  reasonably  incurred  by the  Lender  under  any of the  Loan
          Documents, immediately due and payable.
     (c)  In the event that an Event of Default  occurs under  Sections  4.1(a),
          (c),  and/or  (d),  or  Borrower  receives  a Notices  of  Default  in
          accordance with Section 4.1(e), Borrower agrees to pay interest on the
          outstanding balance of the Loans at the rate of Prime Rate plus twelve
          percent  (12%)  per  annum  ("Default  Interest  Rate").  The  Default
          Interest  Rate shall begin to accrue on the later of the Default  Date
          or the Notice Date until such time as Borrower  has cured the Event of
          Default.

                                V. MISCELLANEOUS

5.1  Notices. Any notices or consents required or permitted by this Agreement or
     the remainder of the Loan Documents shall be in writing and shall be deemed
     delivered  if delivered  in person or if sent by  certified  mail,  postage
     prepaid, return receipt requested, at the addresses first written above.

5.2  Applicable Law. The substantive laws of the State of Texas shall govern the
     construction  of this  Agreement and the rights and remedies of the parties
     hereto.

                                       4
<PAGE>
5.3  Binding  Effect.  This Agreement  shall inure to the benefit of the parties
     hereto  and  their  respective  personal  representatives,  successors  and
     permitted  assigns,  and shall be binding on the  parties  hereto and their
     respective personal representatives, successors and assigns.

5.4  Merger. This Agreement and any attached exhibits,  and the remainder of the
     Loan  Documents  constitute  the full and  complete  agreement  between the
     Lender and the Borrower with respect to the Credit Facility,  and all prior
     oral and written agreements,  commitments, and undertakings shall be deemed
     to have been merged into the Loan Documents and such prior oral and written
     agreements,  commitments,  and undertakings  shall have no further force or
     effect except to the extent expressly incorporated in the Loan Documents.

5.5  Amendments; Consents. No amendment, modification,  supplement, termination,
     or waiver of any provision of this  Agreement or the other Loan  Documents,
     and no consent to any departure by the Borrower therefrom, may in any event
     be effective  unless in writing signed by the Lender,  and then only in the
     specific instance and for the specific purpose given.

5.6  Severability.  If any provision of any of the Loan Documents  shall be held
     invalid  under any  applicable  law, such  invalidity  shall not affect any
     other  provision of the Loan Documents that can be given effect without the
     invalid  provision,  and, to this end, the provisions of the Loan Documents
     are severable.

5.7  Headings.  The headings of the various  provisions  of this  Agreement  are
     inserted for convenience of reference only and shall not affect the meaning
     or construction of any provision.

5.8  Counterparts. This Agreement may be executed in counterparts, each of which
     shall be an original  instrument and all of which shall together constitute
     one and the same agreement.

IN  WITNESS  WHEREOF,  the  Borrower  and the  Lender  have duly  executed  this
Agreement.

GLOBAL ENTERTAINMENT CORPORATION

By /s/ Richard Kozuback
   -------------------------------
Title: President and CEO

BOSTON PIZZA RESTAURANTS (USA), INC.

By /s/ Michael F. Best
   -------------------------------
Title: CFO

                                       5
<PAGE>
                                    EXHIBIT A

                               NOTICE OF BORROWING

DATE: __________________________________, 2010

TO:   Boston Pizza Restaurants (USA), Inc.
      Attn:  Michael F. Best, CFO
      1501 LBJ Freeway, Suite 450
      Dallas, TX 75234

Pursuant to Section 1.5 of the Agreement,  the Borrower  hereby  requests a draw
under the Credit  Facility  and confirms the  following  instructions  therefore
(capitalized  terms  not  defined  herein  shall  have the  respective  meanings
assigned in the Agreement):

FORM OF DRAWING - LOAN

Requested Date: __________________________

Principal Amount: $_______________________

METHOD OF DRAWING

Wire funds to: [Bank Name] _________________

Account Name:

ABA #:

Account Number:

Special Instructions:

Borrower hereby certifies as follows:

As of the  date  hereof,  no  event  has  occurred  and is  continuing  that (a)
constitutes an Event of Default under the  Agreement,  or (b) with the giving of
notice or passage of time, or both,  would  constitute an Event of Default.  The
Borrower has observed and  performed all of the  Borrower's  covenants and other
agreements, and satisfied every condition, contained in the Agreement and in the
other Loan Documents, to be observed, performed or satisfied by the Borrower.

                                  GLOBAL ENTERTAINMENT CORPORATION

                                  By: ___________________________________
                                  Title: ________________________________

                                       6
<PAGE>
                                    EXHIBIT B

                                   MASTER NOTE

$300,000

Phoenix, Arizona

_______________________________, 2010

The  undersigned  ("Borrower")  promises  to pay to the  order of  BOSTON  PIZZA
RESTAURANTS (USA), INC. ("Lender"),  the principal amount of $300,000 or so much
thereof as shall have been  disbursed by the Lender and may remain  outstanding,
together with interest on outstanding  balances of principal in accordance  with
and under the terms of that  certain  Loan &  Securitization  Agreement  of even
date,  between  Lender and  Borrower,  relating to the Credit  Facility  therein
described.

GLOBAL ENTERTAINMENT CORPORATION

By: ______________________________________________________
Title:____________________________________________________

                                       7

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