Document:

exh4_3.htm

Exhibit 4.3

SECOND AMENDMENT TO THE

RIGHTS AGREEMENT

April 14, 2010

THIS SECOND AMENDMENT TO THE RIGHTS AGREEMENT (this "Amendment") is made and entered into as of the 14th day of April, 2010, by and between FROZEN FOOD EXPRESS INDUSTRIES, INC., a Texas corporation (the "Company"), and REGISTRAR AND TRANSFER COMPANY, a New Jersey corporation, as Rights Agent (the "Rights Agent").  Capitalized terms used, but not defined, herein shall have the meaning ascribed to such terms in that certain Rights Agreement, dated as of June 14, 2000, by and between the Company and Fleet National Bank, as rights agent, as amended (the "Rights Agreement").

RECITALS:

WHEREAS, the Company and Fleet National Bank, as rights agent, entered into the Rights Agreement;

WHEREAS, the Rights Agreement expires on June 13, 2010;

WHEREAS, pursuant to Section 21 of the Rights Agreement, the Company may remove the rights agent under the Rights Agreement and appoint a successor rights agent;

WHEREAS, the Board of Directors of the Company (the "Board of Directors") determined that it is in the best interest of the Company to replace Fleet National Bank (or its successor) as rights agent under the Rights Agreement with Registrar and Transfer Company;

WHEREAS, on April 14, 2010, the Company delivered the notices required by Section 21 of the Rights Agreement;

WHEREAS, pursuant to Section 27 of the Rights Agreement, prior to the Distribution Date (as that term is defined in the Rights Agreement), and subject to the penultimate sentence of that Section 27 , the Company may, and the Rights Agent shall, if the Company so directs, amend the Rights Agreement; and

WHEREAS, the Board of Directors has determined it is in the best interest of the Company to amend the Rights Agreement to, among other things, extend the term of the Rights Agreement and appoint Registrar and Transfer Company as Rights Agent;

AGREEMENT

NOW, THEREFORE, for and in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

	
1.

	
The Company hereby appoints Registrar and Transfer Company, a New Jersey corporation, with is principal business address at [Address], as the Rights Agent.  The Rights Agreement is amended to delete any and all references to Fleet National Bank as the Rights Agent, and substitute Registrar and Transfer Company therefore.

	
2.

	
The First Amendment to the Rights Agreement dated February 24, 2010, which amended Section 1(u) of the Rights Agreement by deleting such Section in its entirety, replacing it with the following:

"(u)           "Final Expiration Date" shall mean June 13, 2013."

is hereby ratified and agreed to by the Company and the Rights Agent.

	
3.

	
Section 26 of the Rights Agreement is amended such that the address of Fleet National Bank is deleted and replaced with the following:

	
  

	
"Registrar and Transfer Company

	
  

	
10 Commerce Drive

	
  

	
Cranford, New Jersey, 07016

	
  

	
Attention:  Rights Agent"

	
4.

	
By its execution and delivery hereof, the Company directs the Rights Agent to execute this Amendment.

	
5.

	
By its execution and deliver hereof, the Rights Agent hereby agrees to be bound by, and to act as and perform the duties of Rights Agent under, the Rights Agreement and this Amendment.

	
6.

	
The undersigned, as Rights Agent, represent and warrants that it meets the standards for a successor Rights Agent set forth in Section 21 of the Rights Agreement as of the date of this Amendment.

	
7.

	
This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute on and the same agreement.

	
8.

	
Except as amended hereby, the Rights Agreement remains in full force and effect.

	
  

	
[Signature page follows.]

 

  

  

  

IN WITNESS WHEREOF, this Amendment has been duly executed by the undersigned as of the date first written above.

FROZEN FOOD EXPRESS INDUSTRIES, INC.

By:   /s/ Stoney M. Stubbs Jr

Name:  Stoney M. Stubbs Jr.                                                               

Title:    Chairman of the Board and CEO                                                                

REGISTRAR AND TRANSFER COMPANY

By:       /s/ Nicola Giancaspro                                                                    

Name:     Nicola Giancaspro                                                                                                                                          

Title:       Vice PresidentChina Youth Media, Inc. Exhibit 10.1

CHINA YOUTH MEDIA, INC.

  STOCK OPTION AND RESTRICTED  STOCK PLAN,

  AS AMENDED

1.        PURPOSE OF THE PLAN

            The purpose of  this Stock Option and Restricted Stock Plan (this "Plan") is to  advance the interests of China Youth Media, Inc. (the "Company") and  its subsidiaries by providing to key employees of the Company and its subsidiaries  who have substantial responsibility for the direction and management of the  Company, as well as certain directors and consultants of the Company,  additional incentives, to the extent permitted by law, to exert their best efforts  on behalf of the Company, to increase their proprietary interest in the success  of the Company, to reward outstanding performance and to provide a means to  attract and retain persons of outstanding ability to the service of the  Company. It is recognized that the Company cannot attract or retain these individuals  without this compensation. Options granted under this Plan may qualify as  incentive stock options ("ISOs"), as defined in Section 422 of the Internal  Revenue Code of 1986, as amended (the "Code").

2.         ADMINISTRATION

            This Plan shall  be administered by a committee (the "Committee") comprised of at  least two (2) members of the Company's Board of Directors ("Board")  who each shall (a) be a "non-employee director," as defined in Rule 16b-3  promulgated under the Securities Exchange Act of 1934, as amended, unless  administration of the Plan by "non-employee directors" is not then  required for transactions under the Plan to be exempt from the requirements of  Rule 16b, and (b) be an "outside director" as defined under Section  162(m) of the Code, unless the action taken pursuant to the Plan is not required  to be taken by "outside directors" to qualify for tax deductibility under  Section 162(m) of the Code. The Committee shall interpret this Plan and, to the  extent and in the manner contemplated herein, shall exercise the discretion  reserved to it hereunder. The Committee may prescribe, amend and rescind rules  and regulations relating to this Plan and to make all other determinations  necessary for its administration. The decision of the Committee on any  interpretation  of this Plan or administration hereof, if in compliance  with the provisions of the Act and regulations promulgated thereunder, shall be  final and binding with respect to the Company, any optionee, warrant holder or  any person claiming to have rights as, or on behalf of, any optionee or warrant  holder.

3.         SHARES SUBJECT TO  THE PLAN

            The shares subject to option, warrant grant and the other provisions of this Plan shall be  shares of the Company's common stock, par value $0.001 per share (“shares”). Subject  to the provisions hereof concerning adjustment, the maximum aggregate  number of shares of common stock that may be issued under this Plan shall be  fifty million (50,000,000) shares. Shares of common stock issued under the Plan may be either authorized but unissued  shares or shares held in the Company’s treasury.

            To the extent that any award  involving the issuance of shares of common stock is forfeited, cancelled,  returned to the Company for failure to satisfy vesting requirements or other  conditions of the award, or otherwise terminates without an issuance of shares of common stock being made thereunder, the shares of common stock covered  thereby will no longer be counted against the maximum share limitations and may  again be made subject to awards under the Plan pursuant to such limitations.”

4.         PARTICIPANTS

            (A)       Key Employees, Directors and Consultants. The Committee shall determine and designate from  time to time those key employees, directors and consultants of the Company and  its subsidiaries who shall be eligible to participate in this Plan. The Committee  shall also determine the number of shares to be offered from time to time to each participant, either pursuant to an option, pursuant to a warrant or  pursuant to an award of restricted stock, or either. In making these determinations,  the Committee shall take into account the past service of each such key employee, director or consultant to the Company and its subsidiaries, the present and  potential contributions of such key employee, director or consultant to the success  of the Company and its subsidiaries and such other factors as the Committee shall deem relevant in connection with  accomplishing the purposes of this Plan. The agreement  documenting the award of any option, warrant or restricted stock granted  pursuant to this Plan shall contain such terms and conditions as the Committee  shall deem advisable, including but not limited to being vested or exercisable,  as the case may be, only in such installments as the Committee may determine.

            (B)       Award Agreements. All options, warrants  and restricted stock granted under the Plan will be evidenced by an agreement. Agreements  evidencing awards made to different participants or at different times need not  contain similar provisions. Options that are intended to be ISOs will be  designated as such; any option not so designated will be treated as a  nonqualified stock option.

5.         OPTION/WARRANT PRICE

            Each agreement representing an award of options or warrants shall state the price at which the subject option  or warrant may be exercised, which shall not be less than the current fair market  value of the shares at the date of issuance of an option or warrant; provided, however, that the exercise price of

  any option that is intended to be an ISO and that is granted to a  holder of 10% or more of the Company's shares shall not be less than 110% of such current fair market value. For purposes of this Plan, the fair market  value of any Share as of any date shall be the average of the high and low trading  prices of the

  shares on that date.

6.         OPTION/WARRANT  PERIOD

                Each  agreement representing an award of options or warrants shall state the period  or periods of time at and within which the subject option or warrant may be  exercised, in whole or in part, by the optionee or warrant holder, which shall  be such period or periods as may be determined by the Committee; provided,  however, that the option or warrant period shall not exceed ten years from the  date of issuance of the option or warrant and, in the case of an option that is  intended to be an ISO and that is granted to a holder of 10% or more of the  Company's shares, shall not exceed five years. Unless specifically provided  otherwise in an agreement evidencing the award of options, any option awarded  to a participant shall become exercisable over four years, with 25% of the  option becoming exercisable on each of the first four anniversaries of the date  of the award.

7.         PAYMENT FOR SHARES 

            Payment for shares acquired pursuant  to an option or warrant shall be made in the manner set forth in the award  agreement, which unless otherwise provided by the Committee, may include: (i)  in cash or by cash equivalent acceptable to the Committee, (ii) by payment in  shares of common stock underlying the option or warrant being exercised valued  at the fair market value of such shares on the date of exercise, (iii) to the  extent permitted by law, through an open-market, broker-assisted sales  transaction pursuant to which the Company is promptly delivered the amount of  proceeds necessary to satisfy the exercise price, (iv) by a combination of the  methods described above or (v) by such other method as may be approved by the  Committee and set forth in the award agreement.

 

8.         RESTRICTED STOCK

            Each agreement representing  an award of restricted stock shall state the number of shares subject to the  award and the terms and conditions pursuant to which the recipient of the award  shall acquire a nonforfeitable right to the shares awarded as restricted stock.  Unless specifically provided otherwise in an agreement evidencing the award of  restricted stock, a participant shall acquire a nonforfeitable right to the  shares subject to the award over four years, with 25% of the restricted stock becoming  vested on each of the first four anniversaries of the date of the award, and  shares that are not vested upon a participant's termination of employment with,  or cessation of providing services to, the Company shall be forfeited.

9.         TRANSFERABILITY OF  OPTIONS, WARRANTS AND RESTRICTED STOCK

            Options, warrants  and restricted stock shall not be transferable other than to the spouse or  lineal descendants (including adopted children) of the participant, any trust  for the benefit of the participant or the benefit of the spouse or lineal  descendants (including adopted children) of the participant, or

  the guardian or conservator of the participant ("Permitted  Transferees").

10.       TERMINATION OF  OPTIONS, WARRANTS AND RESTRICTED STOCK AWARDS

            All rights to  exercise options and warrants shall terminate ninety (90) days after any  optionee or warrant holder ceases to be a director of the Company or a key employee  or consultant of the Company and any of its subsidiaries, and no options or warrants  will vest after an optionee's or warrant  holder's termination date. Notwithstanding the  foregoing, however, if an optionee's or warrant holder's service as a director of  the Company or key employee or consultant terminates as a result of the  optionee's or warrant holder's death or his total and permanent disability, the  optionee or warrant holder or the executors or administrators or legatees or  distributees of the estate, as the case may be and to the extent they are Permitted  Transferees, shall have the right, from time to time within one year after the optionee's  or warrant holder's total and permanent disability or death and prior to the  expiration of the term of the option or warrant, to exercise any portion of the  option or warrant not previously exercised, in whole or in part, as provided in  the respective agreement evidencing the award of the options or warrants. A  participant's rights to shares awarded as restricted stock shall, under all  circumstances, be set forth in the agreement evidencing the award of restricted  stock.

11.       EFFECT OF CHANGE IN  STOCK SUBJECT TO THE PLAN

            Subject to any  required action by the shareholders of the Company and the provisions of  applicable corporate law, the number of shares represented by the unexercised  portion of an option or warrant, the number of shares that has been authorized  or reserved for issuance hereunder, and the number of Shares covered by any  applicable vesting schedule hereunder, as well as the exercise price for a  share represented by the unexercised portion of an option or warrant, shall be  proportionately adjusted for (a) a division, combination or reclassification of  any of the shares of common stock of the Company or (b) a dividend payable in  shares of common stock of the Company.

12.       GENERAL RESTRICTION

            Each award shall  be subject to the requirement that, if at any time the Board shall determine, at  its discretion, that the listing, registration or qualification of the shares subject  to such option or warrant upon any securities exchange or under any state or federal  law, or the consent or approval of any government regulatory body, is necessary  or desirable as a condition of, or in connection with, the granting of such  award or the issue or purchase of the shares thereunder, such option or warrant  may not be exercised in whole or in part unless such listing, registration,  qualification, consent or approval shall have been effected or obtained free of  any conditions not acceptable to the Company. Subject to the limitations of  paragraph 6, no option or warrant shall expire during any period when exercise of  such option or warrant has been prohibited by the Board, but shall be extended  for such further period so as to afford the optionee or warrant holder a  reasonable opportunity to exercise his option or warrant.

13.       MISCELLANEOUS  PROVISIONS

            (A)       No optionee or warrant holder shall have  rights as a shareholder with respect to shares covered by his option or warrant  until the date of exercise of his option or warrant.

            (B)       The granting of any award under the Plan  shall not impose upon the Company any obligation to appoint or to continue to  appoint as a director, key employee or consultant any participant, and the  right of the Company and its subsidiaries to terminate the employment of any  key employee or other employee or consultant, or service of any director, shall  not be diminished or affected by reason of the fact that an award has been made  under the Plan to such participant.

            (C)       Awards under the Plan shall be evidenced by  award agreements in such form and subject to the terms and conditions of this  Plan as the Committee shall approve from time to time, consistent with the provisions  of this Plan. Such award agreements may contain such other provisions, as the Committee  in its discretion may deem advisable. In the case of any discrepancy between  the terms of the Plan and the terms of any award agreement, the Plan provisions  shall control.

            (D)       The aggregate fair market value  (determined as of the date of issuance of an option) of the Shares with respect  to which an option, or portion thereof, intended to be an ISO is exercisable for  the first time by any optionee during any calendar year (under all incentive stock  option plans of the Company and subsidiary corporations) shall not exceed  $100,000.

            (E)       All awards under this Plan shall be made within  ten years from the earlier of the date of adoption of this Plan (or any  amendment thereto requiring shareholder approval pursuant to the Code) or the date  this Plan (or any amendment thereto requiring shareholder approval pursuant to  the Code) is approved by the shareholders of the Company.

            (F)        A leave of absence granted to an  employee does not constitute an interruption in continuous employment for  purposes of this Plan as long as the leave of absence does not extend beyond  one year.

            (G)       Any notices given in writing shall be  deemed given if delivered in person or by certified mail; if given to the Company  addressed to Corporate Secretary, China Youth Media, Inc., 4143 Glencoe Avenue,  Marina Del Rey, California 90292; and, if to an optionee or warrant holder, in  care of the optionee or warrant holder at his or her last known address.

            (H)       This Plan and all actions taken by those  acting under this Plan shall be governed by the substantive laws of Delaware without  regard to any rules regarding conflict-of-law or choice-of-law.

            (I)        All costs and expenses incurred in the  operation and administration of this Plan shall be borne by the Company.

14.       AMENDMENT AND  TERMINATION

            The Board may  modify, revise or terminate this Plan at any time and from time to time, subject  to such supermajority voting requirements as may be contained in the Company's certificate  of incorporation or by-laws. While the Board may seek shareholder approval of  an action modifying a provision of the Plan where it is determined that such shareholder  approval is advisable under the provisions of applicable law, the Board of  Directors shall be permitted to make any modification or revision to any provision  of this Plan without shareholder approval. This Plan shall terminate when all  Shares reserved for issuance hereunder have been issued upon the exercise of  options or warrants and all restricted stock awards have fully vested, or by  action of the Board of Directors pursuant to this paragraph, whichever shall  first occur.

15.       EFFECTIVE DATE OF  THE PLAN

            The Plan shall  become effective upon the adoption by the Board.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}]]