Document:

fsb2a8ex10j_royalsprng.htm

    

        CERTAIN
          PORTIONS OF THE EXHIBIT HAVE BEEN OMITTED BASED UPON A REQUEST FOR CONFIDENTIAL
          TREATMENT AND ALL NON-PUBLIC INFORMATION HAS BEEN FILED WITH THE SECURITIES
          AND
          EXCHANGE COMMISSION

    

     

    MASTER
      BROKER AGREEMENT

    

    This
      Agreement (hereinafter referred to as the “Agreement”)  is
      entered  into as  of August
      15, 2007 by and between Royal Spring Water (hereinafter referred to as the
      “Client”), 14553 Delano St., Van Nuys, CA 91411 and Tank LLC, 468 North Camden
      Drive, 2nd
      Floor, Beverly Hills, California (hereinafter referred to as the
“Broker”.

    

    WITNESSETH

    

    WHEREAS,  Client
      is in the business of, among other things, the marketing and sales of Rhythm
      Structured Water and other products; and

    

    WHEREAS,  Client
      is desirous of retaining the services of a Master Broker; and

    

    WHEREAS,
      Broker is desirous of developing, consulting and brokerage services for Client
      for the mutual benefit of both parties;

    

    NOW,
      therefore, in consideration of the above premises, the mutual promises and
      covenants herein contained, and for other goods and valuable consideration,
      the
      sufficiency of which is hereby openly acknowledged and conferred by the parties
      hereto, it is hereby agreed as follows:

     

    
        

      
        	
                1.
                   

              	Broker
                will provide exclusive consulting and brokerage services for Client
                as
                follows: Broker will identify and establish a network of highly qualified
                Sub-Brokers Sub Distributors and target top retailers and buyers
                for
                solicitation and placement of Client product by
                Broker.

      

      
        	 	 

      

      
        	
                2.
                   

              	Client
                agrees to pay Broker as follows for the services set forth
                herein;

      

       

                                  
             (A)  A deferred, discounted monthly fee of $*||||||||||||||||||
        payable as follows:

      
                                      
          *||||||||||||||
          on
          execution of this Agreement

                                      
          *||||||||||||||
          on
          September 15, 2007

                                      
          *||||||||||||||
          on
          October 15, 2007

                                      
          *||||||||||||||
          on
          November 15, 2007

                                     
           *||||||||||||||
          on
          December 15, 2007

                                      
          *||||||||||||||
          on
          January 15, 2007 and monthly thereafter until Agreement is terminated per
          conditions contained herein.

      

       

    

    
       

      
        	 	This
                fee will is recoupable by the Client from the Brokers commission
                of Five
                Percent (5%) of  Gross Sales.  Such commission to be
                paid with in 2 business days of Client receiving the
                funds.

      

      
        	 	 

      

      
        	  (B)  	Subject
                to prior approval, all reasonable and customary out-of-pocket
                expenses such as travel, meals, shipping, etc. shall be
                billed NET to Client and paid on receipt of Broker invoice
                and documentation.

      

      
        	 	 

 

    

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
 

    
      	 	Client
              acknowledges that Broker shall receive reasonable and customary commissions
              from Sub-Brokers and/or Distributors retained by Broker or Client
              as relates to the services as outlined
              herein.

    

    
      	 	 

    

    
      	3.
               	This
              agreement shall be governed by and interpreted in according with the
laws
              of California.

    

    
      	 	 

    

    
      	4.
               	
              All
                notices, offers, acceptances, waivers and other acts under this agreement
                shall
                be in writing, and shall be sufficiently given if delivered to the
                address
                in person,
                or 

              E-Mail,
                or postage pre-paid by certified or registered mail, to the parties
                at their address set forth herein, which shall be effective immediately
                if
                deliveries
                in person or by 

              E-Mail,
                and three days after deposit in the US
                Mail.

            

    

    
      	 	 

    

    
      	
              5.  

            	
              It
                is mutually understood by the parties hereto that the products as
                set
                forth herein produced by the efforts of the Broker, as set forth
                herein,
                shall be under the exclusive control of and solely owned by
                Client.

            

    

    

    
      	
              6.  

            	
              Each
                party agrees to indemnify, defend, and hold harmless the other party
                against any liabilities, damages, losses, and costs (including reasonable
                attorney's fees) incurred by the indemnified party arising from the
                breach
                of any representation, warranty, covenant, obligation or agreement
                set
                forth herein. Each party hereby agrees to promptly notify the indemnifying
                party in writing of any identifiable claim. The indemnified party
                shall
                cooperate in all reasonable respect with the indemnifying party and
                its
                attorneys in the investigation, trial, defense and settlement of
                any such
                claim and any appeal. The indemnifying party hereby agrees and
                acknowledges that the indemnified party may, through its attorneys
                or
                otherwise, at its own cost and expense, participate in any such
                investigation, trial, defense and settlement that is being conducted
                by
                the indemnifying party. No settlement of a claim shall be entered
                into
                without the consent of the indemnified party if the settlement would
                obligate that party, which consent will not be unreasonably
                withheld.

            

    

    

    
      	
              7.  

            	
              This
                agreement contains the entire understanding among the parties and
                supersedes any prior understanding or agreement, oral or
                written.

            

    

    

    
      	
              8.  

            	
              This
                agreement may not be assigned to any third party or parties without
                written agreement of the parties
                hereto.

            

    

    

    
      	
              9.  

            	
              This
                agreement may be terminated for cause by either party for a breach
                of the
                contracts and promise contained herein; however prior thereto, the
                parties
                shall use their best efforts, in good faith, to remedy any such
                breach.  Notice of any breach must first be communicated to the
                particular party to remedy any alleged breach, prior to termination
                of
                this agreement for cause.

            

    

    

    
      	
              10.  

            	
              Either
                party may cancel this agreement without cause with thirty (30) days
                notice
                by certified mail.

            

    

                      

    

    
      

          *-
            THIS INFORMATION HAS BEEN REDACTED FROM THIS AGREEMENT BASED UPON THE
            COMPANY’S
            REQUEST FOR CONFIDENTIAL TREATMENT OF SUCH INFORMATION. ALL NON-PUBLIC
            INFORMATION HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE
            COMMISSION

         

      

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    IN
      WITNESS WHEREOF, the parties hereto have executed this agreement on

    August
      15, 2007.

    

     

    By:
      /s/Tank                                                                               By:_________________________

    Tank,
      LLC                                                                                  Royal
      Spring WaterEX-10.1

FIRST AMENDMENT

TO

EXECUTIVE SUPPLEMENTAL COMPENSATION AGREEMENT

This first amendment (“Amendment”) to the Executive Supplemental Compensation Agreement
(“Agreement”) dated September 15, 2005 is made and entered into this 16th day of
August, 2007, by and between Nevada Security Bank, a Nevada state banking corporation (the
“Employer”), and Hal Giomi, an individual residing in the State of Nevada (hereinafter referred to
as the “Executive”).

RECITALS

WHEREAS, the Executive is an employee of the Employer and is serving as its Chief Executive
Officer;

WHEREAS, the Employer has provided Executive with certain salary continuation benefits as set forth
in the Agreement;

WHEREAS, Employer and Executive desire to amend (i) Section 1.1 of the Agreement to set the Annual
Benefit as a fixed amount, rather than an amount determined on the basis of the last 36 months of
certain compensation and a benefit level multiplier and to delete the references in the Agreement
to “Final Average Annual Compensation” and “Benefit Level” and (ii) Section 1.2 of the Agreement to
provide that years of service is from the date of the Executive’s employment with Employer rather
than from the Effective Date of the Agreement.

NOW, THEREFORE, in consideration of the services to be performed in the future, as well as the
mutual promises and covenants contained herein, the Executive and the Employer agree to amend the
Agreement as follows:

1. Section 1.1 of the Agreement is amended in the entirety to read as follows:

1.1. Annual Benefit. The term “Annual Benefit” shall mean the annual
sum of one hundred thirty-one thousand three hundred thirty nine dollars ($131,399)
multiplied by the Applicable Percentage (defined below), which amount shall be
reduced to the extent required: (i) under the other provisions of this Agreement;
(ii) by reason of the lawful order of any regulatory agency or body having
jurisdiction over the Employer; and (iii) in order for the Employer to properly
comply with any and all applicable state and federal laws, including, but not
limited to, income, employment and disability income tax laws (eg., FICA, FUTA,
SDI).

2. Section 1.2 shall be amended in the entirety to read as follows:

1.2 Applicable Percentage. Unless otherwise defined, The term
“Applicable Percentage” shall mean that percentage listed on Schedule “A” attached
hereto which is adjacent to the number of complete years (with a “year” being the
performance of personal services for or on behalf of the Employer as an employee for
a period of 365 days) which have elapsed starting from the Executive’s first date of
employment with Employer and ending on the date payments are to first begin under
the terms of this Agreement. In the event that Executive’s employment with Employer
is terminated other than by reason of disability, Retirement, Early Retirement or
voluntary termination on the part of Executive, Executive shall be deemed for
purposes of determining the number of complete years to have completed a year of
service in its entirety for any partial year of service after the last anniversary
date of the Effective Date during which the Executive’s employment is terminated.

3. Section 1.3 and 1.13 of the Agreement shall be deleted.

4. A new Section 5.12 shall be added to the Agreement and to read in the entirety as follows:

5.12 Compliance with Section 409A. This Agreement shall at all times be
administered in compliance with the requirements of §409A of the Code and any and all
regulations thereunder, including such regulations as may be promulgated after the Effective
Date.

5. Except as amended hereby, the provisions of the Agreement remain in full force and effect and
the enforceability thereof is not affected by this Amendment.

IN WITNESS WHEREOF, the parties to this Amendment have duly executed this Amendment as of the day
and year first above written.

NEVADA SECURITY BANK

By:     

Ed Allison, Chairman

HAL GIOMI

     

1

EXHIBIT B

BENEFICIARY DESIGNATION

TO: The Administrator of Nevada Security Bank

Executive Supplemental Compensation Agreement

Pursuant to the provisions of my Executive Supplemental Compensation Agreement, as amended
(“Agreement”) with Nevada Security Bank permitting the designation of a beneficiary or
beneficiaries by a participant, I hereby designate the following persons and entities as primary
and secondary beneficiaries of any benefit under said Agreement payable by reason of my death:

	 	 	NOTE: To name a trust as beneficiary, please provide the name of the trustee and the
exact date of the trust agreement.

In the event the primary beneficiary is not the spouse of the Executive, the spouse of the
Executive will need to sign the Spousal Consent below and such signature must be notarized.

Primary Beneficiary:

     

	 	 	 	Name Address Relationship

Secondary (Contingent) Beneficiary:

     

	 	 	 	Name Address Relationship

THE RIGHT TO REVOKE OR CHANGE ANY BENEFICIARY DESIGNATION IS HEREBY RESERVED. ANY PRIOR DESIGNATION
OF PRIMARY BENEFICIARIES AND SECONDARY BENEFICIARIES IS HEREBY REVOKED.

The Administrator shall pay all sums payable under the Agreement by reason of my death to the
Primary Beneficiary, if he or she survives me, and if no Primary Beneficiary shall survive me, then
to the Secondary Beneficiary, and if no named beneficiary survives me, then the Administrator shall
pay all amounts in accordance with the terms of the Agreement. In the event that a named
beneficiary survives me and dies prior to receiving the entire benefit payable under said Agreement
then and in that event, the remaining unpaid benefit payable according to the terms of the
Agreement shall be payable to the personal representatives of the estate of said beneficiary who
survived me but died prior to receiving the total benefit provided by the Agreement.

Hal Giomi

“Executive”

Dated: August 16, 2007      

2

CONSENT OF THE EXECUTIVE’S SPOUSE

TO THE ABOVE BENEFICIARY DESIGNATION:

(to be completed if the Executive’s spouse is not the sole primary beneficiary)

I, Roxene Giomi, being the spouse of Hal Giomi, after being afforded the opportunity to consult
with independent counsel of my choosing, do hereby acknowledge that I have read, agree and consent
to the foregoing Beneficiary Designation which relates to the amendment to the Executive
Supplemental Compensation Agreement entered into by my spouse      , 2007. I understand
that the above Beneficiary Designation adversely affects my community property interest in the
benefits provided for under the terms of the Executive Supplemental Compensation Agreement, as
amended. I understand that I have been advised to consult with an attorney of my choice prior to
executing this consent, so that such attorney can explain the effects of this consent.

	 	 	 
	Dated:     , 2007

	 	     

Roxene Giomi, Spouse

State of      

County of      

This instrument was acknowledged before me on      

(Date)

By     

(Name of Person)

     

Signature of Notary Public

3

SCHEDULE A

	 	 	 	 	 
	Years of Service Completed

	 	Applicable Percentage

	1

	 	 	10	%
	2

	 	 	20	%
	3

	 	 	30	%
	4

	 	 	40	%
	5

	 	 	50	%
	6

	 	 	60	%
	7

	 	 	70	%
	8

	 	 	80	%
	9

	 	 	90	%
	10

	 	 	100	%

4

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