Document:

Exhibit 10.1

 

DJSP ENTERPRISES, INC.

2009 EQUITY INCENTIVE PLAN

RESTRICTED SHARE AWARD AGREEMENT

  

THIS RESTRICTED SHARE AWARD AGREEMENT (the
“Award Agreement”) is made effective as of ________, 2012 (the “Grant Date”), between DJSP Enterprises,
Inc., a British Virgin Islands company limited by shares (hereinafter called the “Corporation”), and ________________________,
hereinafter referred to as the “Grantee.” Capitalized terms not otherwise defined herein shall have the same meanings
as in the DJSP Enterprises, Inc. 2009 Equity Incentive Plan (the terms of which are hereby incorporated by reference and made a
part of this Award Agreement) (the “Plan”).

 

1.Grant of the Restricted
Stock. Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Award
Agreement, the Corporation hereby grants to the Grantee One Hundred Thousand (100,000) Common Shares (hereinafter called the “Restricted
Shares”). The Restricted Shares shall vest and become nonforfeitable in accordance with Section 2 hereof.

 

2.Restriction Period.
The Common Shares subject to this Award Agreement are restricted from transfer until the restrictions lapse. Subject to the
Grantee’s termination of services as a member of the Board of Directors of the Corporation, as described in Section 3, below,
the Common Shares subject to this Award Agreement shall vest according to the following schedule: fifty thousand (50,000) of the
Restricted Shares shall vest, and the restrictions thereon shall lapse, on the Grant Date; an additional twenty-five thousand (25,000)
of the Restricted Shares shall vest, and the restrictions thereon shall lapse, on the first anniversary of the Grant Date; and
the remaining twenty-five thousand (25,000) Restricted Shares shall vest, and the restrictions thereon shall lapse, on the second
anniversary of the Grant Date. Upon the lapse of the restrictions, the associated Common Shares shall become freely transferable
if the Grantee’s services, as a member of the Board of Directors of the Corporation, has not been terminated on or prior
to such date. Notwithstanding the provisions of this subsection, in the event of a Change in Control or the dissolution or liquidation
of the Corporation, the Common Shares subject to this Award Agreement shall become 100% vested and nonforfeitable
and all restrictions shall lapse. Until the lapse of the restrictions in this Section 2, any certificate evidencing the
Common Shares subject to this Award Agreement, shall carry a restrictive legend that prohibits any transfer including the assignment,
hypothecation or pledge of the Common Shares subject to this Award Agreement, prior to the lapse of the Restriction Period.

 

3.Termination.  If
the Grantee’s services, as a member of the Board of Directors of the Corporation, are terminated for any reason, the Grantee’s
right to the Common Shares subject to this Award Agreement that are still subject to the Restriction Period automatically shall
terminate and be forfeited by the Grantee. The Committee retains the right to accelerate or waive restrictions on Common Shares
covered by this Award Agreement.

 

4.Rights as a Stockholder.
Except for potential forfeitability of the Restricted Shares prior to the lapse of restrictions set forth in Section 3 above, the
Grantee shall have all the voting rights and entitlement to dividends and other distributions paid with respect to Common Shares
subject to this Award Agreement commencing on the date on which the share certificate is issued (or book entry representing such
shares has been made and such shares have been deposited with the appropriate book-entry custodian) evidencing the Restricted Shares
under this Award Agreement.

 

    	

    	 

    

5.Legend on Certificates.
The Restricted Shares shall contain a legend stating that they are subject to transfer restrictions and other restrictions as the
Committee may deem reasonably advisable under the Plan or the rules, regulations, and other requirements of the Securities and
Exchange Commission, any stock exchange upon which such Restricted Shares are listed, any applicable federal or state laws and
the Corporation’s Memorandum and Articles of Association, and the Committee may cause a legend or legends to be put on any
such certificates to make appropriate reference to such restrictions.

 

6.Transferability.
The Restricted Share may not, at any time prior to becoming vested pursuant to Section 2 or thereafter, be transferred, sold, assigned,
pledged, hypothecated or otherwise disposed of unless such transfer, sale, assignment, pledge, hypothecation or other disposition
complies with the provisions of this Award Agreement.

 

7.Securities Laws.
The Corporation may require the Grantee to make or enter into such written representations, warranties and agreements as the Committee
may reasonably request in order to comply with applicable securities laws or with this Award Agreement. Anything to the contrary
herein notwithstanding, the granting of the Restricted Shares hereunder shall be subject to such compliance with federal and state
laws, rules and regulations applying to the authorization, issuance or sale of securities, and applicable stock exchange requirements,
as the Corporation deems necessary or advisable.

 

8.No Guarantee of Employment.
Nothing contained in this Award Agreement or in the Plan, nor any action taken by the Corporation or the Committee, shall confer
upon the Grantee any right with respect to continuation of Grantee’s employment or other service to the Corporation or any
Subsidiary, nor interfere in any way with the right of the Corporation or any Subsidiary to terminate Grantee’s employment
or other service at any time, and if Grantee is an employee, the Grantee’s employment is and shall remain employment at will,
except as otherwise specifically provided by law or in an employment agreement between the Grantee and the Corporation.

 

9.Adjustments. In
the event of a merger, reorganization, consolidation, recapitalization, dividend or distribution (whether in cash, shares or other
property), share split, reverse share split, spin-off or similar transaction or other change in corporate structure affecting the
Common Shares or the value thereof, the rights of the Grantee shall be adjusted as provided in Section 10.1 of the Plan.

 

10.Payment of Taxes.
The Grantee authorizes the Corporation to withhold from Grantee’s compensation to satisfy any income and employment tax withholding
obligations in connection with this Award Agreement. In the alternative, the Grantee agrees to transfer sufficient cash to the
Corporation to satisfy any income and employment withholding taxes. In connection with the foregoing, the Grantee may, at his
or her option, elect to recognize the fair value of the Restricted Shares upon the Grant Date pursuant to Section 83 of the Internal
Revenue Code of 1986, as amended. The Grantee is hereby advised to seek his own tax counsel regarding the taxation of the grant
of Restricted Shares made hereunder.

 

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11.Limitation on Obligations.
The Corporation’s obligation with respect to the Restricted Share granted hereunder is limited solely to the delivery to
the Grantee of Common Shares on the date when such shares are due to be delivered hereunder, and in no way shall the Corporation
become obligated to pay cash in respect of such obligation. This Award Agreement shall not be secured by any specific assets of
the Corporation or any of its Subsidiaries, nor shall any assets of the Corporation or any of its subsidiaries be designated as
attributable or allocated to the satisfaction of the Corporation’s obligations under this Award Agreement. In addition, the
Corporation shall not be liable to the Grantee for damages relating to any delays in issuing the share certificates to the Grantee
(or Grantee’s designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates
or in the certificates themselves.

 

12.Notices. Any notices
to be given to the Corporation under the terms of this Award Agreement shall be addressed to the Corporation in care of its President,
and any notices to the Grantee shall be addressed to the Grantee at the address stated in the Corporation’s records.

 

13.Governing Law.
Except to the extent governed by applicable United States federal law, or British Virgin Islands law, the validity, interpretation,
construction and performance of this Award Agreement, shall be governed by the laws of the State of Florida without regard to its
conflicts of law rules.

 

14.Award Agreement Subject
to Plan. The Award Agreement shall be subject to all terms and provisions of the Plan, to the extent applicable to the
Restricted Shares. In the event of any conflict between this Award Agreement and the Plan, the terms of the Plan shall control,
it being understood that variations in this Agreement from terms set forth in the Plan shall not be considered to be in conflict
if the Plan permits such variations.

 

15.Personal Data.
By entering into this Award Agreement, the Grantee consents to the disclosure, transfer and/or processing of any relevant personal
data in relation to the administration of the Plan by the Corporation or any third party authorized by the Corporation to administer
the Plan on its behalf, and in particular such processing as is necessary in relation to the Grantee holding the Restricted Shares.
The relevant personal data that will be processed includes but is not limited to name, employee number, hire date, job title and
location.

 

16.Counterparts. 
This Award Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall
constitute one and the same instrument.

 

17.Complete Agreement.
This Award Agreement shall constitute the entire agreement between the parties hereto and shall supersede all proposals, oral or
written, and all other communications between the parties relating to the subject matter of this Award Agreement.

 

18.Modifications. The
terms of this Award Agreement cannot be modified except in writing and signed by each of the parties hereto.

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IN WITNESS WHEREOF, the parties hereto
have executed this Award Agreement as of the Grant Date.

 

	 	DJSP ENTERPRISES, INC.
	 	 
	 	By: ______________________________________________________________
	 	Name:
	 	Title:
	 	 
	 	 
	 	GRANTEE
	 	 
	 	_________________________________________________________________

 

    	4CERTIFICATE OF DESIGNATION, PREFERENCES

AND RIGHTS OF

SERIES A

CONVERTIBLE

PREFERRED STOCK

OF

EASTERN RESOURCES, INC.

 

(Pursuant to Section 151 of the

Delaware General Corporation Law)

 

EASTERN RESOURCES,
INC., a Delaware corporation (the “Corporation”), hereby certifies that the following resolution was duly approved
and adopted by the Board of Directors of the Corporation (the “Board of Directors”) by a unanimous written consent
of the Board of Directors dated February 29, 2012 in lieu of a meeting in accordance with Section 141(f) of the Delaware General
Corporation Law, which resolution remains in full force and effect on the date hereof:

 

RESOLVED, that pursuant
to the authority expressly granted to and vested in the Board of Directors by the provisions of the Corporation’s Certificate
of Incorporation, as amended (the “Certificate of Incorporation”) and in accordance with Section 151 of the
General Corporation Law of the State of Delaware (the “DGCL”), there is hereby created, out of the 10,000,000
shares of Preferred Stock, par value $0.001 per share (the “Preferred Stock”), of the Corporation authorized,
unissued and undesignated, a series of the Preferred Stock consisting of 10,000,000 shares, which series shall have the following
powers, designations, preferences and relative, participating, optional or other rights, and the following qualifications, limitations
and restrictions (in addition to any powers, designations, preferences and relative, participating, optional or other rights, and
any qualifications, limitations and restrictions, set forth in the Certificate of Incorporation which are applicable to the Preferred
Stock):

 

Section
1:  Designation and Amount.

 

(A)         Ten
Million (10,000,000) shares of Preferred Stock shall be, and hereby are, designated as “Series A Convertible Preferred Stock”
(the “Series A Preferred Stock”), par value .001 per share.

 

(B)         Subject
to the requirements of the DGCL, the Certificate of Incorporation and this Certificate of Designation, the number of shares of
Preferred Stock that are designated as Series A Preferred Stock may be increased or decreased by vote of the Board of Directors;
provided, that no decrease shall reduce the number of shares of Series A Preferred Stock to a number less than the number
of such shares then outstanding. Any shares of Series A Preferred Stock redeemed or otherwise acquired by the Corporation in any
manner whatsoever shall, automatically and without further action, be retired and canceled promptly after the acquisition thereof.

 

    	 

    	 

    

 

Section
2:  Voting Rights.

 

The holders of shares
of Series A Convertible Preferred Stock shall have the following voting rights:

 

(A)         Each
share of Series A Convertible Preferred Stock shall entitle the holder thereof to one vote on all matters submitted to a vote of
the holders of the Corporation’s common stock.

 

(B)         Except
as otherwise provided herein or by law, the holders of shares of Series A Convertible Preferred Stock and the holders of shares
of common stock of the Corporation shall vote together as one class on all matters submitted to a vote of stockholders of the Corporation.

 

(C)         Except
as set forth herein, holders of Series A Convertible Preferred Stock shall have no special voting rights and their consent shall
not be required (except to the extent they are entitled to vote with holders of common stock of the Corporation as set forth herein)
for taking any corporate action.

 

Section
3:  Dividends.

 

(A)         The
holders of the Series A Preferred Stock shall be entitled to receive, out of funds legally available therefor, cumulative non-compounding
preferential dividends at the rate of 12% of the stated value of $6.00 per share per annum (the “Preferential Dividend”).
No dividends may be declared or paid on the shares of common stock or any other capital stock of the Company so long as any shares
of Series A Preferred Stock remain outstanding.

 

(B)         A
Preferential Dividend declared by the Corporation shall be distributed and paid to the holder(s) of the outstanding shares of the
Series A Preferred Stock as a class and shall be payable not less than annually on or prior to the last day of December (or the
last day of the Company’s fiscal year if not on a Calendar year basis) in each year.

 

(C)         Notwithstanding
anything to the contrary in this Section 3, in the event of any Liquidation Event, redemption at the option of the holder(s) or
the Corporation or automatic conversion, each as provided in Sections 4, 5 and 6 below, respectively, any Preferential Dividend
shall be deemed to have accrued whether or not the Corporation shall have had net profits or surplus legally available for such
dividends in any annual dividend period.

 

(D)         During
such time as there exists any unpaid cumulative Preferential Dividend due on the Series A Preferred Stock, no reclassification
of the shares of the Corporation or reorganization of the Corporation in any manner provided by law shall be valid unless (i) the
holders of a majority of the Series A Preferred Stock, voting as a class, approve, and (ii) provision is made for payment of the
aggregate unpaid cumulated Preferential Dividend then in arrears, in cash, property, or by issuance of shares or other corporate
obligations equivalent in value to such arrearage.

 

    	 

    	 

    

 

Section
4:  Liquidation Preference.

 

(A)         In
the event of any Liquidation Event (as defined below), no distribution shall be made to holders of shares
of capital stock of the Corporation ranking junior to the Series A Preferred Stock, unless, prior thereto, the holders of shares
of Series A Preferred Stock shall have received an amount per share equal to $6.00 (the “Liquidation Amount”)
per share, plus the amount of any accrued and unpaid Preferential Dividend owed to holders of
shares of the Series A Preferred Stock. 

 

(B)         
The holders of the Series A Preferred Stock shall be entitled to receive distributions out of the assets legally available for
such distributions. In the event the assets of the Corporation are insufficient to pay the amounts owed to holders of Series A
Preferred Stock upon a Liquidation Event, all available assets shall be paid to the holders of Series A Preferred Stock, and the
holders of common stock and any other junior stock shall receive nothing.

 

(C)         After
the payment of the full Liquidation Amount of the Series A Preferred Stock plus the amount of any accrued and unpaid Preferential
Dividend, the remaining assets of the Corporation legally available for distribution, if any, shall upon such Liquidation Event
be distributed ratably to the common stock and the holders of Series A Preferred Stock such that any assets or securities available
for distribution shall be distributed pro-rata, on an equivalent basis, to all holders of all shares of the capital stock
of the Corporation, including the Series A Preferred Stock on an “as-if-converted” basis.

 

(D)         A
“Liquidation Event” shall be defined as any of the following events:

 

(i)          merger,
consolidation or other business combination in which the Corporation is not the surviving entity in such transaction;

 

(ii)         an
acquisition of any voting securities of the Corporation by any entity or person, immediately after which such entity or person
has beneficial ownership of fifty-one percent (51%) or more of the then outstanding shares or the combined voting power of the
Corporation’s then outstanding voting securities; or

 

(iii) the
sale or other disposition of all or substantially all of the assets of the Corporation.

 

SECTION
5: Redemption

 

(A)         Redemption
at the Option of the Holder. The holder(s) of the Series A Preferred Stock shall have the option (the “Holder Optional
Redemption”), exercisable in whole or in part at any time and from time to time prior to the third anniversary of the issuance
of the Series A Preferred Stock, to require the Corporation to purchase for cash, out of legally available funds, any or all of
the then-outstanding shares of Series A Preferred Stock at a price equal to $6.00 per share (the “Holder Optional Redemption
Price”), subject to the following limitations and conditions:

 

    	 

    	 

    

 

(i)          the
holder(s) may not exercise this redemption option until the earlier of (A) six (6) months from the date of issuance of the Series
A Preferred Stock or (B) the date that the Corporation verifies that it has produced a minimum of 25,000 ounces of gold;

 

(ii)         the
holder(s) may not exercise this redemption option for more than one million (1,000,000) shares of Series A Preferred Stock in any
calendar quarter, except that this limitation shall not apply in the last calendar quarter prior to the expiration of this redemption
option;

 

(iii)        the
holder(s) must give a written notice of its exercise of its redemption option to the Corporation, by delivery in person or by certified,
registered or overnight mail (the “Holder Notice of Redemption”), at least 15 days prior to the date on with the Holder
Optional Redemption will occur (the “Holder Redemption Date”). The Holder Notice of Redemption is effective only upon
receipt by the Corporation. The Holder Notice of Redemption shall include the following information: (a) the Holder Redemption
Date and (ii) the total number of shares of Series A Preferred Stock to be redeemed by the Corporation; and

 

(iv)        the
Holder Optional Redemption price plus any accrued but unpaid Preferential Dividend must be paid to the holder(s) of the Series
A Preferred Stock no later than 180 days following the Holder Redemption Date for Redemptions made in the first (1) year from the
date of issuance and 90 days following the Holder Redemption Date for Redemption made in subsequent years

 

(B)         Redemption
at the Option of the Company. The Corporation shall have the option (the “Corporation Optional Redemption”), exercisable
in whole or in part at any time and from time to time prior to the third anniversary of the issuance of the Series A Preferred
Stock, to redeem any or all of the then-outstanding shares of Series A Preferred Stock at a price equal to $7.00 per share (the
“Corporation Optional Redemption Price”), subject to the following limitations and conditions

 

(i)          the
Corporation shall pay the Corporation Optional Redemption Price in cash, out of legally available funds;

 

(ii)         the
Corporation must give a written notice of its redemption to the holder(s), be delivery in person or by certified, registered or
overnight mail (the “Corporation Notice of Redemption”), at least 15 days prior to the date on with the Corporation
Optional Redemption will occur (the “Corporation Redemption Date”). The Corporation Notice of Redemption is effective
only upon receipt by the holder(s). The Corporation Notice of Redemption shall include the following information: (a) the Corporation
Redemption Date and (ii) the total number of shares of Series A Preferred Stock to be redeemed by the Corporation; and

 

    	 

    	 

    

 

(iii)        the
Corporation Optional Redemption price along with any accrued but unpaid Preferential Dividend must be paid to the holder(s) of
the Series A Preferred Stock no later than 90 days following the Corporation Redemption Date.

 

Section
6:  Conversion.

 

(A)         Automatic
Conversion. Provided that the Holder Optional Redemption and the Corporation Optional Redemption have not been exercised in
full by the holder(s) and the Corporation, respectively, by the third anniversary of the issuance of the Series A Preferred Stock,
each share of then-outstanding Series A Preferred Stock shall automatically and immediately convert into one fully paid and non-assessable
share of common stock of the Corporation. Such conversion shall occur automatically and without any further action by the holder(s)
of such shares and whether or not the certificates representing such shares are surrendered to the Corporation or its transfer
agent. Upon the occurrence of such automatic conversion of the Series A Preferred Stock, the holder(s) of Series A Preferred Stock
shall surrender the certificates representing such shares at the office of the Corporation or any transfer agent for the Series
A Preferred Stock. Thereupon, there shall be issued and delivered to such holder(s) promptly at such office and in its name as
shown on such surrendered certificate or certificates, a certificate or certificates for the number of shares of common stock of
the Corporation into which the shares of Series A Preferred Stock surrendered were convertible on the date on which such automatic
conversion occurred.

 

(B)         Adjustments
to the Number of Shares to be Issued Upon an Automatic Conversion.

 

(i)          If
the Corporation should fix a record date for a stock split, combination, or subdivision of the outstanding shares of common stock
of the Corporation, then, as of such record date, the number of shares of common stock of the Corporation issued upon the automatic
conversion of the Series A Preferred Stock shall be adjusted so that the holder of each share of the Series A Convertible Preferred
Stock shall thereafter be entitled to receive upon the Conversion of each such share the number of shares of the common stock of
the Corporation which he would own or be entitled to receive after the happening of any of the events described above had such
shares been converted immediately prior to the happening of such event.

 

(ii)         If
any event occurs as to which, in the opinion of the board of directors, the provisions of subsection (B)(i) above are not strictly
applicable or would not fairly protect the rights of the holders of Series A Convertible Preferred Stock, in accordance with
the intent of these anti-dilution provisions, then the board shall make an adjustment in accordance with the intent of these provisions
to protect the holders’ rights in the Series A Convertible Preferred Stock.

 

(iii)        Whenever
any adjustment in the number of shares of common stock of the Corporation issuable upon conversion is required under this Section
6, the Corporation shall forthwith (i) file with its Transfer Agent, if applicable, a statement describing in reasonable detail
the adjustment and the method of calculation used, which statement shall be certified by the chief financial officer of the Corporation
and (ii) cause a copy of such notice to be mailed to the holder(s) of record of the Series A Convertible Preferred Stock at the
close of business on the day preceding the effective date of such adjustment.

 

    	 

    	 

    

 

Section
7:  Protection Provisions

 

So long as any shares of the Series A Preferred
Stock are outstanding, the Corporation shall not take any of the following corporate actions (whether by merger, consolidation
or otherwise) without first obtaining the approval (by vote or written consent, as provided by the DGCL) of the Series A Preferred
Stock holder(s):

 

		(A)	encumber the assets of the Corporation;

 

		(B)	alter or change the rights, preferences or privileges of the Series A Preferred Stock, or increase
the authorized number of shares of Series A Preferred Stock;

 

		(C)	alter or change the rights, preferences or privileges of any capital stock of the Corporation so
as to affect adversely the Series A Preferred Stock;

 

		(D)	create or issue any securities senior to or Pari Passu with the Series A Preferred Stock;

 

		(E)	issue any additional shares of Series A Preferred Stock;

 

		(F)	issue any debt securities, incur any indebtedness or enter into any other agreement or arrangement
that would entitle any third party to any preferences over the Series A Preferred Stock upon the occurrence of a Liquidation Event;

 

		(G)	enter into any agreement, commitment, understanding or other arrangement to take any of the foregoing
actions; or

 

		(H)	cause or authorize any subsidiary of the Corporation to engage in any of the foregoing actions.

 

Section
8:  Restrictions on Transfer, Shares Reservation

 

(A)         The
Series A Convertible Preferred Stock may not be transferred or assigned by the individual or entity to which it is granted, otherwise
than by will or the laws of descent and distribution or unless such transfer is approved in advance in writing by the Corporation.

 

(B)         The
Corporation shall at all times reserve and keep available out of its authorized but unissued shares of common stock, solely for
the purpose of effecting the automatic conversion of the shares of Series A Convertible Preferred Stock, such number of its shares
of common stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of Series A Convertible
Preferred Stock. If at any time the number of authorized but unissued shares of common stock of the Corporation shall not be sufficient
to effect the automatic conversion of all then-outstanding shares of Series A Convertible Preferred Stock, the Corporation will
take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of
common stock to such number of shares as shall be sufficient for such purpose.

 

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BLANK]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the Corporation has caused this Certificate of Designation, Preferences and Rights to be signed by Thomas H. Hanna, Jr., its President,
this 3rd day of April 2012.

 

	 	By:	/s/ Thomas H. Hanna, Jr.
	 	 	Name:	Thomas H. Hanna, Jr.
	 	 	Title:	President

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