Document:

Exhibit 10.1.2 2nd Amendment to Pension BEP

EXHIBIT 10.1.2

SECOND AMENDMENT TO THE
THE FEDERAL HOME LOAN BANK OF BOSTON
PENSION BENEFIT EQUALIZATION PLAN
(Effective January 1, 2009, as amended April 15, 2009)

WHEREAS, the Federal Home Loan Bank of Boston (the “Bank”) has adopted and currently maintains the Federal Home Loan Bank of Boston Pension Benefit Equalization Plan (the “Pension BEP”), effective January 1, 2009, as amended April 15, 2009; and
WHEREAS, Section 6.1 of the Pension BEP reserves to the Board of Directors of the Bank the right to amend the Pension BEP from time to time, in whole or in part; and
WHEREAS, the Board has delegated to the undersigned Chief Executive Officer, with the written concurrence of either the Chairman of the Personnel Committee or the Chairman of the Board, the authority to make such amendments to the Thrift BEP as he deems necessary or appropriate to comply with Section 409A of the Internal Revenue Code and any rules or regulations promulgated thereunder; and
WHEREAS, to provide consistency with Internal Revenue Service Notice 2010-80, the Bank desires to amend the Pension BEP to revise the provisions relating to the requirement that a Member or Beneficiary sign and return a Release to receive benefits.
NOW, THEREFORE, Section 7.6 of the Pension BEP is amended as set forth below, effective January 1, 2009:

“7.6    Receipt and Release.  Any payment to any Member or Beneficiary in accordance with the provisions of the Plan shall, to the extent thereof, be in full satisfaction of all claims against the Bank or the Plan, and the Administrator may require such Member or Beneficiary, as a condition precedent to such payment, to execute a receipt and release (a “Release”) to such effect.  If requested, such Release shall be executed by the Member or Beneficiary within the reasonable time period designated by the Bank (not more than ninety (90) days) in order to assure that payments can be made within the time period specified in the Plan, but not prior to expiration of any period specified for revocation of such Release.  If a Member or Beneficiary does not sign and return the Release within the specified period, he or she will forfeit any payments contingent on the Release.  If the period for signing and returning the Release designated by the Bank extends into a later taxable year, any payments contingent upon the Release will be made (or begin) in the later taxable year.
If any Member or Beneficiary is determined by the Administrator to be incompetent by reason of physical or mental disability (including minority) to give a valid receipt and 

EXHIBIT 10.1.2

release, the Administrator may cause the payment or payments becoming due to such person to be made to another person for his or her benefit without responsibility on the part of the Administrator or the Bank to follow the application of such funds.”

Executed this 21st day of December, 2012.
FEDERAL HOME LOAN BANK OF BOSTON 

By:  /s/ Edward A. Hjerpe III________________

Concurrence:

By:  /s/ Mark E. Macomber__________________Exhibit 10.2.4 3rd Amendment to the Thrift BEP

EXHIBIT 10.2.4

THIRD AMENDMENT TO THE
THE FEDERAL HOME LOAN BANK OF BOSTON
THRIFT BENEFIT EQUALIZATION PLAN
(Effective January 1, 2009)

WHEREAS, the Federal Home Loan Bank of Boston (the “Bank”) has adopted and currently maintains the Federal Home Loan Bank of Boston Thrift Benefit Equalization Plan (the “Thrift BEP”), effective January 1, 2009; and
WHEREAS, Section 8.11 of the Thrift BEP reserves to the Board of Directors of the Bank (the “Board”) the right to amend the Thrift BEP from time to time, in whole or in part; and
WHEREAS, the Board has delegated to the undersigned Chief Executive Officer, with the written concurrence of either the Chairman of the Personnel Committee or the Chairman of the Board, the authority to make such amendments to the Thrift BEP as he deems necessary or appropriate to comply with Section 409A of the Internal Revenue Code and any rules or regulations promulgated thereunder; and
WHEREAS, to provide consistency with Internal Revenue Service Notice 2010-80, the Bank desires to amend the Thrift BEP to revise the provisions relating to the requirement that a Participant or Beneficiary sign and return a Release to receive benefits.
NOW, THEREFORE, Section 8.5 of the Thrift BEP is amended as set forth below, effective January 1, 2009:

“8.5    Receipt and Release.  Any payment to any Participant or Beneficiary in accordance with the provisions of the Plan shall, to the extent thereof, be in full satisfaction of all claims against the Bank or the Plan, and the Administrator may require such Participant or Beneficiary, as a condition precedent to such payment, to execute a receipt and release (a “Release”) to such effect.  If requested, such Release shall be executed by the Participant or Beneficiary within the reasonable time period designated by the Bank (not more than ninety (90) days) in order to assure that payments can be made within the time period specified in the Plan, but not prior to expiration of any period specified for revocation of such Release.  If a Participant or Beneficiary does not sign and return the Release within the specified period, he or she will forfeit any payments contingent on the Release.  If the period for signing and returning the Release designated by the Bank extends into a later taxable year, any payments contingent upon the Release will be made (or begin) in the later taxable year.

EXHIBIT 10.2.4

If any Participant or Beneficiary is determined by the Administrator to be incompetent by reason of physical or mental disability (including minority) to give a valid receipt and release, the Administrator may cause the payment or payments becoming due to such person to be made to another person for his or her benefit without responsibility on the part of the Administrator or the Bank to follow the application of such funds.”

Executed this 21st day of December, 2012.
FEDERAL HOME LOAN BANK OF BOSTON 

By:  /s/ Edward A. Hjerpe III_____________
Chief Executive Officer

Concurrence:

By:  /s/ Mark E. Macomber________________cmfo_ex1019.htm

Exhibit 10.19

 

EMPLOYMENT SUPPLEMENTARY AGREEMENT

 

 

This SUPPLEMENTARY AGREEMENT (the “Agreement”), is entered into as of July 26, 2009 (the “Effective Date”) by and between Nice Enterprise Trading H.K. Co., Ltd, a company incorporated and existing under the laws of Hong Kong (“Nice Enterprise”) and Mr. Marco Hon Wai KU, an individual (the “Executive”), as an amendment to the EMPLOYMENT AGREEMENT (the “Original Agreement”) entered into as of July 26, 2008 by and between the abovementioned parties.

 

RECITALS

 

Nice Enterprise desires to employ the Executive as the Chief Financial Officer for China Marine Food Group Limited (the “Company”) and to assure itself of the services of the Executive upon the terms and conditions of this Agreement.

 

AGREEMENT

 

The parties hereto agree to replace Section 5 of the Original Agreement as follows:

 

	
5.

	
COMPENSATION AND BENEFITS

 

	  	
(a)

	
Cash Compensation. The Executive’s cash compensation shall be US$11,700 (i.e. Rmb80,000) per month, of which US$8,800 (i.e. Rmb60,000) per month will be regarded as housing and traveling allowances.

 

	  	
(b)

	
Equity Incentives. The Executive is entitled to the Company’s common stock award of 30,000 shares at the anniversary of this Agreement (i.e. July 25, 2010). The Company should bear any related registration or administration fees in full.

 

	  	
(c)

	
Annual Leave and Other Benefits. The Executive is entitled to 20 days of annual leave per annum. If the Executive cannot enjoy the annual leave due to business commitments, such remaining balances of annual leave can be carried forward to the following year. The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including, but not limited to, any retirement plan, life insurance plan, health insurance plan and travel/holiday plan.

 

	  	
(d)

	
Annual Review. Compensation and benefits will be reviewed by the Board or the Compensation Committee of the Company on an annual basis.

  

  

  

IN WITNESS WHEREOF, this Agreement has been executed as of the date first written above.

 

 

	 	
Nice Enterprise Trading H.K. Co., Ltd.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Pengfei Liu	 
	 	Name:	
Pengfei LIU

	 
	 	Title:	
CEO and Executive Director

	 
	 	 	 	 

 

	 	
Executive

	 
	 	 	 	 
	
 

	
By: 

	/s/ Marco Hon Wai Ku	 
	 	Name:	Marco Hon Wai KU	 
	 	Title:	
CFOcmfo_ex1031.htm

Exhibit 10.31

Amendment to Employment Agreement

This Amendment Agreement to the employment agreement is entered into as of October 17, 2012 by and between China Marine Food Group Limited (the “Company”), a Nevada corporation with business address at Dabao Industrial Zone, Shishi City, Fujian Province, China 362700, and Mr. Weipeng Liu (the “Executive”).

WHEREAS, the parties entered into an employment agreement on November 17, 2007, which agreement was renewed on January 1, 2011.

WHEREAS, the parties desire to amend the employment agreement.

NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the Parties,

 

1.            Remuneration

Section 2 b is deleted and replaced in its entirety as follows:

b. Bonus.      The Executive shall have an opportunity to receive an annual bonus during the term of employment, subject to such terms and conditions as the Compensation Committee shall prescribe; it being understood that the actual annual bonus received by the Executive will depend on the level of attainment of performance by the Executive and the Company and other factors used by the Company to determine annual bonus amounts and that there is no guarantee that an annual bonus will be earned.

     2.           No Other Changes

Except as stated in this amendment, all of the terms and provisions of the employment agreement as renewed on January 1, 2011 shall remain in full force and effect as set forth therein.  Henceforth, any reference to the employment agreement shall be deemed to refer to the employment agreement, as amended by this amendment.

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed as of the day and year above written.

CHINA MARINE FOOD GROUP LIMITED

/s/ Marco Hon Wai Ku ________________________________

By:  Marco Hon Wai Ku

/s/ Weipeng Liu______________________________________

Weipeng Liu

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