Document:

gsjk 2013.12.31 EX 10.9

EXHIBIT 10.9

Summary Description of 
Named Executive Officer Compensation

On February 20, 2014, the Management and Compensation Committee of the Board of Directors of TETRA Technologies, Inc., which is responsible for compensation decisions relating to named executive officers of Compressco Partners GP Inc., approved the following increases in annual base salary levels for our current officers who are identified as named executive officers in this Annual Report on Form 10-K. It is expected that such increases will be made effective on or about April 1, 2014:
	
				
	Named Executive Officer
	Title
	Prior Base Salary
	Increased Base Salary

	Ronald J. Foster
	President 
	$286,000
	$297,440

	James P. Rounsavall
	Chief Financial Officer
	198,900
	206,856

	Kevin W. Book
	Vice President of International Operations
	213,200
	221,728

	Sheri J. Vanhooser
	Vice President of Sales and Business Development
	160,000
	166,400

Each of the above named executive officers has entered into an employment agreement in a form substantially identical to the form of agreement executed by all employees of Compressco Partners GP Inc. Each agreement evidences the at-will nature of employment and does not set forth or guarantee the term of employment, salary, or other incentives, all of which are at the discretion of the Board of Directors of Compressco Partners GP Inc. or the Management and Compensation Committee of the Board of Directors of TETRA Technologies, Inc. Each named executive officer is eligible to participate in incentive programs generally available to salaried employees of Compressco Partners GP Inc., including health, life, disability and other insurance and benefits, 401(k) Plan, and vacation, paid sick leave, and other employee benefits.ampo_ex101.htm

EXHIBIT 10.1

 

	
SecureCom Plus Limited

19/F, Two International Financial Centre,

8 Finance Street, Central Hong Kong

 

	

LETTER OF INTENT

 

March 12, 2014

 

Attention: Nicholas Thompson

Amperico Corp.

42 Rockwood Crescent

Thornhill, ON, Canada L4J 7T2

Re: SecureCom Mobile Ltd.

 

This letter of intent ("LOI") sets out the proposed terms of a transaction (the "Acquisition") pursuant to which Amperico Corp. ("Amperico") and its assignees would acquire, from SecureCom Plus Limited ("SecureCom Plus") (the "Vendors") a USA and Canada ("Territory") Master License for a 10 year term to distribute, sell, and grant sublicenses in the Territory to SECURECOM MOBILE software and hardware products, upgrades, and new software and hardware products branded under the SecureCom Mobile brand and trademark ("Intellectual Property License Agreement"), in exchange for a) 90,000,000 restricted common shares in the capital of Amperico, b) a promissory note for US$250,000 due within 90 days, and c) a gross revenues royalty of 5%.

 

The parties' obligation to close the contemplated transactions will be subject to specified conditions precedent including, but not limited to, the following:

 

	
I.  

	
The above Acquisition is to be detailed in the Intellectual Property License Agreement to be executed by the parties hereto that outlines the specific terms and conditions of the Master License that is subject to final negotiation, finalization, and execution.

 

	 	
· 

	
Amperico shall have delivered in trust to a mutually agreed upon trustee, ("Trustee") share certificates representing 30,000,000 shares of Amperico to be released to SecureCom Plus upon execution of the Intellectual Property License Agreement.

 

	 	
· 

	
Amperico shall have delivered in trust to the Trustee, a 90 day promissory note bearing interest at 7.5% in a mutually suitable form to be released to SecureCom Plus upon execution of the Intellectual Property License Agreement.

 

	 	
· 

	
The representations and warranties of the parties in the Intellectual Property License Agreement remaining accurate at and as of the closing, and no material adverse changes in relation to the Property or either of the parties having occurred.

 

	 	
· 

	
Standard reps and warrantee and other terms and covenants that form part of the Intellectual Property License Agreement respecting obligations of the Licensee, reporting, sub-license arrangements, publicity, infringement, and general terms and conditions.

 

	
II.  

	
Access to Information. Immediately upon the parties' execution of this LOI, each of the parties and their respective attorneys, accountants and financial advisors will have full access during normal business hours to all employees, consultants, assets, properties, books, accounts, records, tax returns, contacts and other documents of the other parties hereto that are pertinent to the subject matter of the Acquisition, provided however that such access will not materially interfere with the normal business operations of such corporation. In the event the parties terminate their discussions for any reason, each of the parties will promptly return all documents and other materials so provided to it.

 

	
III.  

	
Use and Confidentiality. All of the information, records, books and data to which each party and/or their respective representatives are given access as set forth above will be used by such party solely for the purpose of analyzing the Acquisition and the parties hereto and will be treated on a confidential basis. The terms, conditions and existence of this LOI and all discussions between the parties will also be treated on a confidential basis, subject to appropriate disclosure to regulatory authorities and as otherwise required by the rules of the Exchange which may be applicable. Subject to compliance with applicable regulatory policies, all announcements to third parties pertaining to the Acquisition will be subject to review and reasonable input of all parties before public disclosure. If either party hereto is so required to disclose any of the matters otherwise prohibited by this paragraph, such party shall promptly provide the other party hereto with written notice of any such requirements to disclose and shall reasonably consult with the other party hereto in respect of the required disclosure.

 

  

1

  

 

	
IV.  

	
Closing. The closing of the contemplated transactions will occur on or before April 11, 2014 or such other date as the parties hereto may agree.

 

	
V.  

	
Stand Still Provisions. Upon singing this LOI the Vendors will not, nor will it permit any of its officers, employees or agents (including without limitation, investment bankers, attorneys and accountants) to directly or indirectly solicit, discuss, encourage or accept any offer for the Acquisition, or the purchase, joint venture, option or financing of the Vendors's rights, whether as a primary or back-up offer, or take any other action with the intention or reasonably foreseeable effect of leading to a transaction contrary in intent to the Acquisition. Upon signing this LOI, Amperico will not, nor will it permit any of its officers, employees or agents (including without limitation, investment bankers, attorneys and accountants) to directly or indirectly solicit, discuss, encourage or accept any other offer relating to the Acquisition.

 

	
VI.  

	
Costs and Expenses. Each party of this transaction will be responsible for its own costs.

 

	
VII.  

	
Currency. All dollar amounts referred to herein are expressed in United States dollars, unless otherwise indicated.

	
VIII.  

	
Choice of Law. This LOI shall be construed in accordance with the laws of Hong Kong and the parties attorn to the exclusive jurisdiction of the courts of Hong Kong in respect of all disputes arising hereunder.

	
IX.  

	
Execution in Counterpart. The parties may execute this LOI in two or more counterparts, each of which is deemed to be an original and all of which will constitute one agreement, effective as of the date given above.

Yours very truly,

SECURECOM PLUS LIMITED

 

Per: /s/ Shiu Wai Wan                  

Shiu Wai Wan, Director

 

AGREED AND ACCEPTED this 12th day of March, 2014.

 

AMPERICO CORP.

 

Per: /s/ Nicholas Thompson          

Nicholas Thompson, Director

 

 

 

2one847holdings_ex101.htm

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-26-SummaryofDirectorCompensation

Exhibit 10.25

SUMMARY OF DIRECTOR COMPENSATION
OF 
STATE BANK FINANCIAL CORPORATION

Directors who are employees of State Bank Financial Corporation (the “Company”) do not receive additional compensation for serving as directors of the Company. The following table sets forth current rates of cash compensation for the Company’s non-employee directors.

	
		
	Annual retainer
	$40,000 (payable in quarterly installments)

	Fee for attending each Board meeting in person
	$1,000

	Fee for attending each Board meeting by telephone
	$500

	Fee for attending each Committee meeting in person or by telephone
	$500

	Additional annual retainer for Chairs of the Audit Committee, Independent Directors Committee and Risk Committee
	$10,000 (payable in quarterly installments)

Each non-employee director also receives a grant of 1,000 shares of restricted stock on the first business day following the date of each annual meeting of shareholders. The shares vest in full on the date of the next annual meeting of shareholders following the date of grant.

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