Document:

FOURTH AMENDMENT TO

Exhibit

10.66

 

SIXTH

AMENDMENT TO

MASTER TIMBER MANAGEMENT AGREEMENT

 

(Canadian Operations)

 

 

                THIS SIXTH

AMENDMENT (the “Amendment”) is dated as of the 8th day of January, 2002,

by and between HANCOCK NATURAL RESOURCE GROUP, INC., a Delaware corporation (hereinafter

referred to as “HNRGI” or the “Client”), and OLYMPIC RESOURCE MANAGEMENT LLC,

a British Columbia company (hereinafter referred to as “Manager”).  Capitalized terms not otherwise defined in

this Amendment shall have the meanings given therefor in that certain Master

Timber Management Agreement effective as of January 1, 1998, as amended by

the agreements listed on Exhibit A hereto (herein collectively the

“Master Agreement”).

 

                WHEREAS, the

parties hereto are parties to the Master Agreement, and

 

                WHEREAS, the

parties wish to amend the Master Agreement, all as set forth herein,

 

                NOW, THEREFORE,

the parties hereby agree as follows:

 

                1.             Extension of Term.  The term of the Master Agreement is hereby

extended for an additional one (1) year period commencing January 1, 2002

and continuing through and including December 31, 2002.

 

                2.             Property Management Service Fee.  Exhibit 1A of the Master Agreement is

hereby replaced by Exhibit 1A to this Amendment.  This replacement is effective as of January

1, 2002.

 

                3.             Non-Compete.  The fifth paragraph of Section 4.02 is

hereby deleted in its entirety and the following is inserted in its stead:

 

                “The

provisions of this Section 4.02 shall survive termination of this Master

Agreement for a period of:

                (i)

twenty-four calendar months with respect to each Plan and Endowment that is

invested in an Ultimate Client Portfolio managed by Client, as of the date of

termination or expiration of this Master Agreement, provided however that the

restrictions contained in subclause (c) of the first paragraph of this Section

4.02 shall not continue to apply from and after the termination or expiration

of this Master Agreement with respect to timberland properties in British

Columbia, Alberta and Saskatchewan owned or managed by CalPERS and

                (ii)

twelve calendar months with respect to any other Plan or Endowment (“Other Plan

or Endowment”), provided however that the restrictions contained in subclause

(c) of the first paragraph of this Section 4.02 shall not continue to apply

from and after the termination or expiration of this Master Agreement with

respect to timberland properties in the Continental United States or Canada

owned or managed by any Other Plan or Endowment.”

 

                4.             Miscellaneous.  This Amendment and all exhibits and schedules

hereto constitute an integral part of the Master Agreement.  Except as expressly amended by this

Amendment, the Master Agreement shall remain in full force and effect.

 

 

                IN WITNESS

WHEREOF, the parties hereto have executed this Amendment by and through their

properly authorized officers on the date first above written.

 

	

  CLIENT:

  	

   

  	

   

  	

  MANAGER:

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  HANCOCK NATURAL RESOURCE GROUP, INC., a Delaware

  corporation 

  	

   

  	

  OLYMPIC RESOURCE MANAGEMENT LLC,

  a British Columbia corporation 

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

  [Confidential

  Treatment for the omitted material has been requested and has been filed

  separately with the Securities and Exchange Commission]

  	

   

  	

  By:

  	

  /s/ David L. Nunes

  
	

   

  	

  [Confidential

  Treatment for the omitted material has been requested and has been filed

  separately with the Securities and Exchange Commission]

  	

   

  	

   

  	

  David L. Nunes

  President and Chief Executive Officer

  
	

   

  	

  Vice President

  	

   

  	

   

  	

   

  
							

 

 

2

 

EXHIBIT A

TO SIXTH AMENDMENT

 

List of Amendments to Master Agreement

 

Amendments

to Master Agreement

1.             Consent to Assignment of Master

Timber Management Agreement dated December 29, 1998

2.             Amendment dated December 29, 1998

3.             Second Amendment dated July 26,

1999

4.             Third Amendment dated August 6,

1999

5.             Fourth Amendment dated December 23,

1999

6.             Fifth Amendment dated December 1,

2000

 

Work

Authorizations

1.             Number OPA C0001 dated January 17,

2000

2.             Number OPA C0002 dated April 3,

2000

 

3

 

EXHIBIT 1A

To Sixth Amendment

Property Management Service Fee

Canadian

Properties/Canadian Dollars

 

	

  

  

  Province

  	

   

  	

  

  

  Property

  	

   

  	

  Acres

  Under

  Management

  (as of 10/1/01)

  	

   

  	

  

  2001 Rate

  $/Acre

  Fee

  	

   

  	

  

  2002 Rate

  $/Acre Fee

  
	

  British

  Columbia

  	

   

  	

  Comox

  	

   

  	

  28,639

  	

   

  	

  [Confidential

  Treatment for the omitted material contained in the entire column has been

  requested and has been filed separately with the Securities and Exchange

  Commission]

  	

   

  	

  [Confidential

  Treatment for the omitted material contained in the entire column has been

  requested and has been filed separately with the Securities and Exchange

  Commission]

  
	

  British

  Columbia

  	

   

  	

  Lake

  Cowichan

  	

   

  	

  32,302

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Total

  	

   

  	

   

  	

   

  	

  60,941

  	

   

  	

   

  	

   

  	

   

  

 

*

Canadian rates of [Confidential Treatment for the omitted material has

been requested and has been filed separately with the Securities and Exchange

Commission] and [Confidential Treatment for the omitted material has

been requested and has been filed separately with the Securities and Exchange

Commission]  for 2001 and

2002, respectively assuming an exchange rate of [Confidential Treatment for the omitted

material has been requested and has been filed separately with the Securities

and Exchange Commission]

 

 

4GLOBALSCAPE, INC

EXHIBIT 10.13

 

GLOBALSCAPE, INC.

INCENTIVE STOCK OPTION AGREEMENT

 

This Incentive

Stock Option Agreement (the “Agreement”) is entered into between

GlobalSCAPE, Inc., a Delaware corporation (the “Company”), and Tim Nicolaou

(the “Optionee”)

as of the 16th day of October, 2000 (the “Date of Grant”).  In consideration of the mutual promises and covenants made

herein, the parties hereby agree as follows:

 

1.             Grant

of Option.  Under the terms and conditions of the

Company’s 2000 Stock Option Plan (the “Plan”), which is incorporated herein by

reference, the Company grants to the Optionee an option (the “Option”)

to purchase from the Company all or any part of a total of Seven Hundred

Thousand (700,000) shares of the Company’s Common Stock, par value $0.001 per

share, at a price of $1.00 per share.

 

2.             Certain

Defined Terms.  The terms “Disability,” “Termination Without

Cause,”  “Termination for Employee’s

Good Cause,” and “Change in Control” shall have the meaning given to them in

that Employment Agreement between Optionee and Company executed November 7,

2000 effective October 16, 2000.

 

3.             Character

of Option.  The Option is an “incentive stock option”

within the meaning of Section 422 of the Internal Revenue Code of 1986, as

amended; provided, however, that to the extent the Option does not qualify as

an incentive option by virtue of exceeding the $100,000 limitation in Section

422(d) of such Code, the Option shall be treated as an option other than an

incentive stock option.

 

4.             Term. 

The Option will expire or terminate on the earlier of the day prior to

the tenth anniversary of the Date of Grant or, in the event of the Optionee’s

termination of service as an employee, director, or advisor of the Company, on

the last day of the exercise period set forth in Section 5.

 

5.             Vesting;

Exercisability.  Subject to any provisions of the Plan

concerning exercisability and vesting of options, the Option shall vest

according to the following schedule:

 

	

  Plan

  

  Shares 

  Vested

  	

   

  	

  Period

  
	

  200,000

  	

   

  	

  The earlier of the date

  of a Company initial public offering or October 16, 2001

  
	

  200,000

  	

   

  	

  The earlier of the

  first anniversary of a Company initial public offering or October 16, 2002

  
	

  100,000

  	

   

  	

  October 16, 2001

  
	

  100,000

  	

   

  	

  October 16, 2002

  
	

  100,000

  	

   

  	

  October 16, 2003

  

 

1

 

The unvested portion of

the Option shall vest immediately upon Optionee’s death, Disability,

Termination Without Cause, Termination for Employee’s Good Cause, or a Change

in Control.

 

The exercise period for

any portion of this Option that does not qualify as an incentive option under

Section 422 of the Code (as determined as of the vesting date), whether vested

prior to or on the date of death, Disability, Termination Without Cause,

Termination for Employee’s Good Cause, or a Change in Control, shall be six

months from the date of such event if such event occurs on or before October

16, 2001, nine months from the date of such event if such event occurs after

October 16, 2001 and before October 16, 2002, and twelve months from the date

of such event if such event occurs on or after October 16, 2002.  The exercise period for any Option that is

an Incentive Stock Option shall be the maximum time permitted by the Plan.

 

The unexercised portion

of the Option from one period may be carried over to a subsequent period or

periods, and the right of the Optionee to exercise the option as to such

unexercised portion shall continue for the entire term.

 

6.             Procedure

for Exercise.  Exercise of the Option or a portion thereof

shall be effected by the giving of written notice to the Company by the

Optionee in accordance with the Plan and payment of the purchase price

prescribed in Section 1 above for the shares to be acquired pursuant to the

exercise.

 

7.             Payment

of Purchase Price.  Payment of the purchase price for any shares

purchased pursuant to the Option shall be in accordance with the provisions of

the Plan.

 

8.             Transfer

of Options.  The Option may not be transferred except (i)

by will or the laws of descent and distribution or (ii) pursuant to the terms

of a qualified domestic relations order, as defined by the Code or Title I of

the Employee Retirement Income Security Act of 1974, as amended, and, during

the lifetime of the Optionee, may be exercised only by the Optionee or by the

Optionee’s legally authorized representative.

 

9.             Acceptance

of the Plan.  The Option is granted subject to all of the

applicable terms and provisions of the Plan, and such terms and provisions are

incorporated by reference herein.  The

Optionee hereby accepts and agrees to be bound by all the terms and conditions

of the Plan.

 

10.          Amendment. 

This Agreement may be amended by an instrument in writing signed by both

the Company and the Optionee.

 

[Remainder of page intentionally left blank]

 

2

 

11.          Miscellaneous. 

This Agreement will be construed and enforced in accordance with the

laws of the State of Texas and will be binding upon and inure to the benefit of

any successor or assign of the Company and any executor, administrator,

trustee, guarantor or other legal representative of the Optionee.

 

Executed to be effective

as of the date set forth above.

 

	

   

  	

  GLOBALSCAPE,

  INC.

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ Arthur L. Smith

  	

   

  
	

   

  	

  Name:

  	

  Arthur L. Smith

  	

   

  
	

   

  	

  Its:  

  	

  Chairman of the Board

  of Directors

  
	

   

  	

  Date:  

  	

  2-13-01

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  /s/ Tim Nicolaou

  	

   

  
	

   

  	

  Tim

  Nicolaou

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  [Social Security No]

  	

   

  
	

   

  	

  Social Security Number of Optionee:

  	

   

  
						

 

3

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