Document:

Timberline Resources Corp

EXHIBIT 4.3

Timberline Resources Corporation

2005 Equity Incentive Plan (amended)

- Stock Option Agreement – ISO-{##}

{NAME}

Date of Grant: 

          MMM DD, YYY

           Exercise Price:  $X.XX per share

Number of Shares:    ##,###

   

Expiration Date:  (X) years from MM/DD/YY

Your Option is an Incentive Stock Option (“ISO”)

Pursuant to this Stock Option Agreement, Timberline Resources Corporation, an Idaho corporation (the “Company”), has granted you an Option under its amended 2005 Equity Incentive Plan (the “Plan”) to purchase the number of Option Shares of the Company’s Common Stock indicated above at the initial exercise price indicated above.  Capitalized terms used but not defined in this Agreement shall have the meanings provided in the Plan.  The details of your Option are as follows:

1.

Vesting.  Subject to the provisions of §4(b) below, your Option will vest (i.e. become exercisable) as follows; {Vesting Schedule}.  

2.

Method of Payment.  Payment of the exercise price is due in full in cash upon exercise of all or any part of your Option.    

3.

Term.  The Term of your Option commences on the Date of Grant and will expire on the date set forth above; provided that your Option may expire earlier as provided in the Plan.

4.

Exercise.

(a)

You may exercise your Option during its Term by delivering a Notice of Exercise (in a form designated by the Company) together with the applicable exercise price to the Secretary of the Company, or to such other person as the Company may designate, during regular business hours, together with such additional documents as the Company may then require.

(b)

You will be entitled to “Early Exercise” of your Option, as described in §6(i) of the Plan.

(c)

As a condition to any exercise of your Option, the Company may withhold shares, require you to deposit cash, and/or otherwise require you to enter an arrangement providing for the payment by you of any tax withholding obligation of the Company arising by reason of (i) the exercise of your Option, (ii) the lapse of any substantial risk of forfeiture to which the shares are subject at the time of exercise, or (iii) the disposition of shares acquired upon such exercise.

(d)

By exercising your Option you agree that you will notify the Company in writing within fifteen (15) days after the date of any disposition of any of the Option Shares that occurs (i) within two (2) years after the Date of Grant, or (ii) within one (1) year after such Option Shares are acquired as a result of exercise of your Option.

1

5.

Notices.  Any notices provided for in your Option or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company.

6.

Plan Governs.  Your Option and Option Shares are subject to all the provisions of the Plan, the provisions of which are hereby made a part of your Option, and are further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted by the Committee pursuant to the Plan (all of which will be binding on you).  You acknowledge having received and read the Plan, and having consulted with such tax and other advisors as may have been necessary for you to understand the Plan and this Agreement.  In the event of any conflict between the provisions of your Option and those of the Plan, the provisions of this Agreement shall control.

THE COMPANY:

TIMBERLINE RESOURCES CORPORATION

By: 

Name:  Randal Hardy

Title:  CEO – Timberline Resources, Corp.

Date: 

, 

OPTIONHOLDER:

By: 

Name:  {NAME}

Title:  

Date: 

, 

2Blink Logic Inc

Exhibit 10.1

BLINK LOGIC INC.

1038 Redwood Highway, Ste. 100A

Mill Valley, CA 94941

September 3, 2008

Undersigned Holders of the Original Issue Discount Senior Secured Convertible Debentures Due September 28, 2009

Ladies and Gentlemen: 

Reference is made to the Securities Purchase Agreement by and among Blink Logic Inc. (f/k/a DataJungle Software Inc.) (the “Company”), Enable Growth Partners LP, Enable Opportunity Partners LP and Pierce Diversified Strategy Master Fund LLC, Ena (collectively, the “Holders”), dated September 28, 2007 (the “Agreement”), and the Original Issue Discount Senior Secured Convertible Debentures,  having an issue date of September 28, 2007 (the “Debentures”), that were issued to you pursuant to the Agreement.  Any defined terms used herein and otherwise undefined shall have the same meaning ascribed to such terms in the Agreement.  The Company hereby seeks to obtain your consent to amend the terms of the Debentures (this “Amendment”) as follows:

1.  The definition of “Monthly Redemption Amount” in Section 1 shall be amended such that, in addition to the sum of all liquidated damages and any other amounts then owing to the Holder in respect of this Debenture, is shall be the following amounts for each Holder:

a.

Enable Growth Partners LP - $223,666.67

b.

Enable Opportunity Partners LP - $39,933.33

c.

Pierce Diversified Strategy Master Fund LLC, Ena - $7,733.33

2.  The definition of “Monthly Redemption Date” in Section 1 shall be amended and restated as follows: ““Monthly Redemption Date” means October 28, 2008, and the 28th calendar day of each month thereafter, and terminating upon the full redemption of this Debenture.”

3.  Company hereby makes the representations and warranties set forth below to the Holders that as of the date of its execution of this Amendment:

(a)

The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by this Amendment and otherwise to carry out its obligations hereunder and thereunder.  The execution and delivery of this Amendment by the Company and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such Company and no further action is required by such Company, its board of directors or its stockholders in connection therewith.  This Amendment has been duly executed by the Company and, when delivered in accordance with the terms hereof will constitute the valid and binding obligation of the Company enforceable against the Company in accordance with its terms except (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.

(b)

The execution, delivery and performance of this Amendment by the Company and the consummation by the Company of the transactions contemplated hereby do not and will not: (i) conflict with or violate any provision of the Company’s certificate or articles of incorporation, bylaws or other organizational or charter documents, or (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, result in the creation of any lien upon any of the properties or assets of the Company, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any material agreement, credit facility, debt or other material instrument (evidencing Company debt or otherwise) or other material understanding to which the Company is a party or by which any property or asset of the Company is bound or affected, or (iii) conflict with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority to which the Company is subject (including federal and state securities laws and regulations), or by which any property or asset of the Company is bound or affected.

(c)

All of the Company’s warranties and representations contained in this Amendment shall survive the execution, delivery and acceptance of this Amendment by the parties hereto.  The  Company expressly reaffirms that each of the representations and warranties set forth in the Purchase Agreement, continues to be true, accurate and complete, and the Company hereby remake and incorporate herein by reference each such representation and warranty as though made on the date of this Amendment.

4.  On the first Trading Day immediately following the date hereof, the Company shall file a Current Report on Form 8-K with the Commission, reasonably acceptable to each Holder disclosing the material terms of the transactions contemplated hereby, which shall include this Amendment as an attachment thereto.

5.  The undersigned hereby confirms that the execution of this Amendment shall serve as the Holder’s consent to the amendment of the Debentures pursuant to this Amendment

and hereby waives any violation of Section 8(b) of the Debentures and foregoes any damages, penalties or other rights that may be owed to the Holders soley

 

as a result of the Company’s non-payment of the Monthly Redemption Amount on

 

August 28, 2008.  The Holders expressly acknowledges that the non-payment of the August 28, 2008 Monthly Redemption Amount on such date shall not constitute an Event of Default (as defined in the Debenture) under the Debenture.  Notwithstanding anything herein to the contrary, the  Company acknowledges that this waiver and consent of the undersigned shall be a one-time waiver and shall not be deemed a waiver due to the triggering of a separate Event of Default which may arise subsequent to the date hereof pursuant to the Debenture and this Amendment, including but not limited to any failure of the Company to pay a Monthly Redemption Amount pursuant to the Debenture, as amended hereunder, when due.  

 

 

6.  Except as specifically modified herein, all of the terms, provisions and conditions of the Debentures and all other Transaction Documents shall remain in full force and effect and the rights and obligations of the parties with respect thereto shall, except as specifically provided herein, be unaffected by this Amendment and shall continue as provided in the Transaction Documents and shall not be in any way changed, modified or superseded by the terms set forth herein.

7.  Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be delivered as set forth in the Securities Purchase Agreement.

8.  All questions concerning the construction, validity, enforcement and interpretation of this Amendment shall be determined in accordance with the provisions of the Securities Purchase Agreement.

9.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors, permitted assigns and legal representatives.  This Amendment shall be for the sole benefit of the parties to this Amendment and their respective heirs, successors, permitted assigns and legal representatives and is not intended, nor shall be construed, to give any person or entity, other than the parties hereto and their respective heirs, successors, assigns and legal representatives, any legal or equitable right, remedy or claim hereunder.

10.  This Amendment may be executed in counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart.  In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.

11.  This Amendment constitutes the entire agreement among the parties with respect to the matters covered hereby and thereby and supersede all previous written, oral or implied understandings among them with respect to such matters.

12.  The invalidity of any portion hereof shall not affect the validity, force or effect of the remaining portions hereof.  If it is ever held that any restriction hereunder is too broad to permit enforcement of such restriction to its fullest extent, such restriction shall be enforced to the maximum extent permitted by law.

13.  No provision of this Amendment may be waived or amended except in a written instrument signed, in the case of an amendment, by the Company and the Holders or, in the case of a waiver, by the party against whom enforcement of any such waiver is sought.  No waiver of any default with respect to any provision, condition or requirement of this Amendment shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of either party to exercise any right hereunder in any manner impair the exercise of any such right.

14.  Each of the parties hereto acknowledges that this Amendment has been prepared jointly by the parties hereto, and shall not be strictly construed against either party.

SIGNATURE PAGE TO FOLLOW

IN WITNESS WHEREOF, the undersigned has caused this Amendment to be duly executed as of the date first written above.

Sincerely, 

BLINK LOGIC INC.

/s/ Larry Bruce

By: ____________________

Name:   Larry Bruce

Title:  Chief Financial Officer

Acknowledged and Agreed:

Enable Growth Partners LP

/s/ Brendan O’Neil

By:______________

Name:  Brendan O’Neil

Title:   Principal & Portfolio Manager 

Enable Opportunity Partners, LP

/s/ Brendan O’Neil

By:______________

Name:  Brendan O’Neil

Title:   Principal & Portfolio Manager 

Pierce Diversified Strategy Master Fund LLC, ena

/s/ Brendan O’Neil

By:______________

Name:  Brendan O’Neil

Title:   Principal & Portfolio Manager

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