Document:

EX-10.13

 

EX 10.13

PROMISSORY NOTE

	 	 	 	 	 	 	 
	Borrower:
	 	JWL Partners Acquisition Corp.	 	 	 	 
	 
	 	9 West 57th Street, 26th Floor	 	 	 	 
	 
	 	New York, New York 10019	 	 	 	 
	 
	 	 	 	 	 	 
	Lender:
	 	Jerry W. Levin	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Principal Amount:
	 	$60,000.00	 	 	 	 
	 
	 	 	 	 	 	 

     1. FOR VALUE RECEIVED, JWL Partners Acquisition Corp. (“Maker”) promises to pay to
Jerry W. Levin (“Payee”), at such address as may be provided in writing to Maker, the
principal sum of sixty thousand ($60,000.00) USD or such lesser amount, as the case may be, equal
to the funds advanced by Payee to or on behalf of Maker.

     2. Interest and Advances. Interest shall be payable on the unpaid principal of this
note at the rate of 4.25% percent per annum, calculated half-yearly not in advance. Documentation
to substantiate all amounts advanced to or on behalf of Maker pursuant to this Note shall be
attached hereto as such funds are so advanced.

     3. Repayment. This Note will be repaid in full on July 14, 2008.

     4. Prepayment. At any time, Maker may pay the outstanding balance then owing under
this Note to Payee without further bonus or penalty.

     5. Construction. This Note will be construed in accordance with and governed by the
laws of the State of New York.

     6. Severability. If any term, covenant, condition or provision of this Note is held by
a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties’ intent
that such provision be reduced in scope by the court only to the extent deemed necessary by that
court to render the provision reasonable and enforceable and the remainder of the provisions of
this Note will in no way be affected, impaired or invalidated as a result.

     7. Costs and Expenses. All costs, expenses and expenditures including, and without
limitation, the reasonable legal costs incurred by Payee in enforcing this Note as a result of any
default by Maker, will be added to the principal then outstanding and will immediately be paid by
Maker.

     8. Successors and Assigns. This Note will inure to the benefit of and be binding upon
the respective heirs, executors, administrators, successors and assigns of Maker and Payee. Maker
waives presentment for payment, notice of non-payment, protest and notice of protest.

     9. Mandatory Prepayment. In the event that Maker completes an initial public offering
(“IPO”) of securities, Maker will make full repayment of this Note within seven (7) days
following the IPO closing date.

1

 

     

     IN WITNESS WHEREOF, this Note has been made and executed in the State of New York on the 14th
day of January, 2008.

     

	 	 	 	 	 
	 	JWL PARTNERS ACQUISITION CORP.

 	 
	 	By:  	/s/ Steven R. Isko
 	 
	 	 	Name:  	Steven R. Isko 	 
	 	 	Title:  	Vice Chairman of the Board and Corporate Secretary 	 
	 

2EX-10.14

 

EX 10.14

PROMISSORY NOTE

	 	 	 
	Borrower:
	 	JWL Partners Acquisition Corp.
	 
	 	9 West 57th Street, 26th Floor
	 
	 	New York, New York 10019
	 
	 	 
	Lender:
	 	Steven R. Isko
	 
	 	 
	Principal Amount:
	 	$25,000.00

     1. FOR VALUE RECEIVED, JWL Partners Acquisition Corp. (“Maker”) promises to pay to
Steven R. Isko (“Payee”), at such address as may be provided in writing to Maker, the
principal sum of twenty five thousand ($25,000.00) USD or such lesser amount, as the case may be,
equal to the funds advanced by Payee to or on behalf of Maker.

     2. Interest and Advances. Interest shall be payable on the unpaid principal of this
note at the rate of 4.25% percent per annum, calculated half-yearly not in advance. Documentation
to substantiate all amounts advanced to or on behalf of Maker pursuant to this Note shall be
attached hereto as such funds are so advanced.

     3. Repayment. This Note will be repaid in full on July 14, 2008.

     4. Prepayment. At any time, Maker may pay the outstanding balance then owing under
this Note to Payee without further bonus or penalty.

     5. Construction. This Note will be construed in accordance with and governed by the
laws of the State of New York.

     6. Severability. If any term, covenant, condition or provision of this Note is held by
a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties’ intent
that such provision be reduced in scope by the court only to the extent deemed necessary by that
court to render the provision reasonable and enforceable and the remainder of the provisions of
this Note will in no way be affected, impaired or invalidated as a result.

     7. Costs and Expenses. All costs, expenses and expenditures including, and without
limitation, the reasonable legal costs incurred by Payee in enforcing this Note as a result of any
default by Maker, will be added to the principal then outstanding and will immediately be paid by
Maker.

     8. Successors and Assigns. This Note will inure to the benefit of and be binding upon
the respective heirs, executors, administrators, successors and assigns of Maker and Payee. Maker
waives presentment for payment, notice of non-payment, protest and notice of protest.

     9. Mandatory Prepayment. In the event that Maker completes an initial public offering
(“IPO”) of securities, Maker will make full repayment of this Note within seven (7) days
following the IPO closing date.

1

 

     IN WITNESS WHEREOF, this Note has been made and executed in the State of New York on the 14th
day of January, 2008.

	 	 	 	 	 
	 	JWL PARTNERS ACQUISITION CORP.

 	 
	 	By:  	/s/ Michael A. Popson
 	 
	 	 	Name:  	Michael A. Popson 	 
	 	 	Title:  	Vice Chairman of the Board 	 
	 

2EX-10.15

 

EX 10.15

PROMISSORY NOTE

	 	 	 
	Borrower:
	 	JWL Partners Acquisition Corp.
	 
	 	9 West 57th Street, 26th Floor
	 
	 	New York, New York 10019
	 
	 	 
	Lender:
	 	Michael A. Popson
	 
	 	 
	Principal Amount:
	 	$25,000.00

     1. FOR VALUE RECEIVED, JWL Partners Acquisition Corp. (“Maker”) promises to pay to
Michael A. Popson (“Payee”), at such address as may be provided in writing to Maker, the
principal sum of twenty five thousand ($25,000.00) USD or such lesser amount, as the case may be,
equal to the funds advanced by Payee to or on behalf of Maker.

     2. Interest and Advances. Interest shall be payable on the unpaid principal of this
note at the rate of 4.25% percent per annum, calculated half-yearly not in advance. Documentation
to substantiate all amounts advanced to or on behalf of Maker pursuant to this Note shall be
attached hereto as such funds are so advanced.

     3. Repayment. This Note will be repaid in full on July 14, 2008.

     4. Prepayment. At any time, Maker may pay the outstanding balance then owing under
this Note to Payee without further bonus or penalty.

     5. Construction. This Note will be construed in accordance with and governed by the
laws of the State of New York.

     6. Severability. If any term, covenant, condition or provision of this Note is held by
a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties’ intent
that such provision be reduced in scope by the court only to the extent deemed necessary by that
court to render the provision reasonable and enforceable and the remainder of the provisions of
this Note will in no way be affected, impaired or invalidated as a result.

     7. Costs and Expenses. All costs, expenses and expenditures including, and without
limitation, the reasonable legal costs incurred by Payee in enforcing this Note as a result of any
default by Maker, will be added to the principal then outstanding and will immediately be paid by
Maker.

     8. Successors and Assigns. This Note will inure to the benefit of and be binding upon
the respective heirs, executors, administrators, successors and assigns of Maker and Payee. Maker
waives presentment for payment, notice of non-payment, protest and notice of protest.

     9. Mandatory Prepayment. In the event that Maker completes an initial public offering
(“IPO”) of securities, Maker will make full repayment of this Note within seven (7) days
following the IPO closing date.

1

 

EX 10.15

     IN WITNESS WHEREOF, this Note has been made and executed in the State of New York on the 14th
day of January, 2008.

	 	 	 	 	 
	 	JWL PARTNERS ACQUISITION CORP.

 	 
	 	By:  	/s/ Steven R. Isko
 	 
	 	 	Name:  	Steven R. Isko 	 
	 	 	Title:  	Vice Chairman of the Board and Corporate Secretary 	 
	 

2EX-10.16

 

EX 10.16

PROMISSORY NOTE

	 	 	 
	Borrower:
	 	JWL Partners Acquisition Corp.
	 
	 	9 West 57th Street, 26th Floor
	 
	 	New York, New York 10019
	 
	 	 
	Lender:
	 	Alan Gelband
	 
	 	 
	 
	 	 
	Principal Amount:
	 	$10,000.00

     1. FOR VALUE RECEIVED, JWL Partners Acquisition Corp. (“Maker”) promises to pay to
Alan Gelband (“Payee”), at such address as may be provided in writing to Maker, the
principal sum of ten thousand ($10,000.00) USD or such lesser amount, as the case may be, equal to
the funds advanced by Payee to or on behalf of Maker.

     2. Interest and Advances. Interest shall be payable on the unpaid principal of this
note at the rate of 4.25% percent per annum, calculated half-yearly not in advance. Documentation
to substantiate all amounts advanced to or on behalf of Maker pursuant to this Note shall be
attached hereto as such funds are so advanced.

     3. Repayment. This Note will be repaid in full on July 14, 2008.

     4. Prepayment. At any time, Maker may pay the outstanding balance then owing under
this Note to Payee without further bonus or penalty.

     5. Construction. This Note will be construed in accordance with and governed by the
laws of the State of New York.

     6. Severability. If any term, covenant, condition or provision of this Note is held by
a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties’ intent
that such provision be reduced in scope by the court only to the extent deemed necessary by that
court to render the provision reasonable and enforceable and the remainder of the provisions of
this Note will in no way be affected, impaired or invalidated as a result.

     7. Costs and Expenses. All costs, expenses and expenditures including, and without
limitation, the reasonable legal costs incurred by Payee in enforcing this Note as a result of any
default by Maker, will be added to the principal then outstanding and will immediately be paid by
Maker.

     8. Successors and Assigns. This Note will inure to the benefit of and be binding upon
the respective heirs, executors, administrators, successors and assigns of Maker and Payee. Maker
waives presentment for payment, notice of non-payment, protest and notice of protest.

     9. Mandatory Prepayment. In the event that Maker completes an initial public offering
(“IPO”) of securities, Maker will make full repayment of this Note within seven (7) days
following the IPO closing date.

1

 

     

     IN WITNESS WHEREOF, this Note has been made and executed in the State of New York on the 14th
day of January, 2008.

     

	 	 	 	 	 
	 	JWL PARTNERS ACQUISITION CORP.

 	 
	 	By:  	/s/ Steven R. Isko
 	 
	 	 	Name:  	Steven R. Isko 	 
	 	 	Title:  	Vice Chairman of the Board and Corporate Secretary 	 
	 

2

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