Document:

Filed by Avantafile.com - The Pulse Beverage Corporation - Exhibit 10-11

 

     

Warrant certificate No 

THE PULSE BEVERAGE CORPORATION

$0.xx SHARE PURCHASE WARRANT CERTIFICATE

WARRANTS FOR UP TO ________SHARES OF COMMON STOCK

THE
WARRANTS REPRESENTED HEREBY ARE NON-TRANSFERABLE EXCEPT IN ACCORDANCE WITH
APPLICABLE SECURITIES LAWS AND WILL BE VOID AND OF NO VALUE UNLESS EXERCISED ON
OR BEFORE 5:00 P.M. MST ON _______________

SHARE PURCHASE WARRANTS (the
“Warrants”)

                                THIS
IS TO CERTIFY THAT, for value received, _________________(the “Holder”),
is entitled to purchase up to a total of ___________ fully paid and
non-assessable shares of the common stock (each a “Warrant Share”) of
THE PULSE BEVERAGE CORPORATION (the “Company”) for the period
commencing upon the date of issuance of the within Warrants by the Company; and
ending at 5:00 p.m. (Northglenn, Colorado, U.S.A., time) on ___________ (such
time period being the “Warrant Exercise Period” and the final such day
of such Warrant Exercise Period being the “Time of Expiry” herein), at
an exercise price of U.S. $0.xx per Warrant Share (the “Warrant
Exercise Price”) during the Warrant Exercise Period.

                                This
Warrant is subject to the terms and conditions contained hereinbelow together with
the terms and conditions which are attached to this Warrant as Schedule “A”.

                                The
aforesaid right to purchase Warrant Shares may be exercised by the Holder at
anytime and from time to time prior to the Time of Expiry (i) by duly
completing in the manner indicated and executing the subscription form attached
hereto, (ii) by surrendering this Warrant to the Company at its executive
office located in Northglenn, Colorado, U.S.A., and (iii) by paying the
requisite Warrant Exercise Price for the Warrant Shares subscribed by wiring
requisite funds to the Company pursuant to wire instructions contained in under
Article 2 of the subscription form attached hereto. Upon said surrender and
payment the Company will issue to the Holder of the subscription form the
number of Warrant Shares subscribed for and said Holder will become a
shareholder or shareholders of the Company in respect of the Warrant Shares as
of the date of such surrender and payment. Subject to the terms and conditions
of this Warrant, the Company will, as soon as practicable after said surrender
and payment, mail to the person or persons at the address or addresses
specified in the subscription form a certificate or certificates evidencing the
Warrant Shares subscribed for.  If the Holder of this Warrant subscribes for a
lesser number of Warrant Shares than the number of Warrant Shares referred to
in this Warrant, the Holder shall be entitled to receive a further Warrant in
respect of Warrant Shares not subscribed for.

                                The
Holder of this Warrant may surrender this Warrant to the Company at its
executive office located in Northglenn, Colorado, U.S.A., in exchange for new
certificates representing this Warrant entitling the Holder to purchase in the
aggregate the same number of Warrant Shares referred to in this Warrant.

                                The
Holder hereof and the Company, by acceptance and issuance of this Warrant,
agree that this Warrant and all rights hereunder may not be transferred or
assigned.

                                Nothing
contained herein shall confer any right upon the Holder hereof or any other
person to subscribe for or purchase any Warrant Shares at any time subsequent
to the Time of Expiry and, from and after such time, this Warrant and all
rights hereunder shall be void and of no value.

                                This
Warrant shall not constitute the holder a stockholder of the Company.

                                Time
shall be of the essence hereof.

IN WITNESS WHEREOF THE PULSE BEVERAGE
CORPORATION has caused its common seal to be affixed and this
Warrant to be signed by its authorized representative effective on this _____day
of ______________201_.

THE
PULSE BEVERAGE CORPORATION,                                                            

                                                                       
Robert E. Yates, CEO and DirectorEX 10.1 Laskey Agreement 20121227

EXHIBIT 10.1

December 26, 2012
Mitchel Laskey
MJL Advisors, Inc.

Dear Mr. Laskey:
 
This is to confirm the terms of your appointment as a non-employee Director, Chairman of the Board and Chairman of the Audit Committee of IZEA, Inc., a Nevada corporation (the “Company”).

Overall, in terms of time commitment, we expect your attendance at all the Board of Directors (the "Board") meetings and meetings of the audit, compensation and nomination committees of the Board (as applicable). In addition, you will be expected to devote appropriate preparation time ahead of each meeting.  
By accepting this appointment, you have confirmed that you are able to allocate sufficient time to meet the expectations of this position.  
Compensation
For and in consideration of the services to be performed by you, Company agrees to pay you as follows:
Monthly Compensation. Ten thousand dollars ($10,000) per month payable at the beginning of each month for the services of that month.
Restricted Stock. Subject to all approvals required by law, the Company will grant you 60,000 restricted stock units of the Company as of the date of this agreement.  An additional 60,000 restricted stock units of the Company will be issued six months from the date of this agreement.  Finally, you will be eligible for an additional issuance of 120,000 of restricted stock units of the Company
All restricted stock units issued will be subject to Rule 144. 
Certain Representations. You represent and agree that you are accepting the shares of common stock being issued to you pursuant to this Agreement for your own account and not with a view to or for sale of distribution thereof.  You understand that the securities are restricted securities and you understand the meaning of the term “restricted securities.”  You further represent that you were not solicited by publication of any advertisement in connection with the receipt of the shares and that you have consulted tax counsel as needed regarding the shares.
Out-of-Pocket Expenses. Company agrees to reimburse you for out-of-pocket expenses incurred by you in connection with your service (including out-of-pocket expenses and transportation expenses, provided that such expenses are against original and valid receipts and pre-approved by the Company in writing (the “Expenses”).
Payment of the Expenses, as applicable, shall be made against your itemized invoice following the receipt of the relevant invoice, which invoice shall be submitted to the Company within Seven (7) days of the end of each calendar month during the term of this letter of appointment.
For the avoidance of any doubt,  the Options (subject to their terms) and the aforementioned Expenses constitute the full and final consideration for your appointment, and you shall not be entitled to any additional consideration, of any form, for your appointment and service. 

Office: 321.332.6830 Fax: 407.264.8489 
Address: 1000 Legion Way, Suite 1600, Orlando, Florida, 32801

Travel
You will undertake such travelling as may reasonably be necessary for the performance of your duties, including travelling for Board meetings and site visits if required.  
Duties
You will undertake such duties and powers relating to the Company and any subsidiaries or associated companies of the Company (the “Group”) as the Board may from time to time reasonably request. Directors have the same general legal responsibilities to the Company as any other director.  The Board as a whole is collectively responsible for promoting the success of the Company by directing and supervising the Company's affairs, inter alia, as follows:
		
	•
	Providing entrepreneurial leadership of the Group within a framework of prudent and effective controls which enable risk to be assessed and managed; and

		
	•
	Setting the Group's strategic aims, ensures that the necessary financial and human resources are in place for the Group to meet its objectives and reviews management performance; and

		
	•
	Setting the Group's values and standards and ensures that its obligations to its shareholders and others are understood and met.

Confidential Information
You undertake to the Company that you shall maintain in strict confidentiality all trade, business, technical or other information regarding the Company, the Group, its affiliated entities and their business affairs including, without limitation, all marketing, sales, technical and business know-how, intellectual property, trade secrets, identity and requirements of customers and prospective customers, the Company's methods of doing business and any and all other information relating to the operation of the Company (collectively, the “Confidential Information”). You shall at no time disclose any Confidential Information to any person, firm, or entity, for any purpose unless such disclosure is required in order to fulfill your responsibilities as director.  You further undertake that you shall not use such Confidential Information for personal gain.
“Confidential Information” shall not include information that (i) is or becomes part of the public domain other than as a result of disclosure by you, (ii) becomes available to you on a non-confidential basis from a source other than the Company, provided that the source is not bound with respect to that information by a confidentiality agreement with the Group or is other Laskey prohibited from transmitting that information by a contractual legal or other obligation, or (iii) can be proven by you to have been in your possession prior to disclosure of the information by the Company. In the event that you are requested or required (by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or other process) to disclose any Confidential Information, it is agreed that you, to the extent practicable under the circumstances, will provide the Company with prompt notice of any such request or requirement so that the Company may seek an appropriate protective order or waive compliance with this paragraph 6. If a protective order or the receipt of a waiver hereunder has not been obtained, you may disclose only that portion of the Confidential Information which you are legally compelled to disclose. 
Blackout Period.   You understand that we have a policy pursuant to which no officer, director or key executive may not engage in transactions in our stock during the period commencing two weeks prior to the end of a fiscal quarter and ending the day after the financial information for the quarter and year have been publicly released.  As a member of the audit committee, if you have information concerning our financial results at any time, you may not engage in transactions in our securities until the information is publicly disclosed.
Term and Termination
The term of your appointment as a non-employee Director, Chairman of the Board and Chairman of the Audit Committee of the Company shall be for one year or until the next Annual Meeting of Stockholders.

This appointment shall terminate immediately and without claim for compensation on the occurrence of any of the following events:
		
	•
	if you resign as a director of the Company for any reason; and/or

		
	•
	if this appointment is cancelled by the holder or the holders of the shares by which you were appointed; and/or

		
	•
	if you were appointed by other directors in order to temporary fill vacancy on the Board  and said appointment is cancelled by the Board; and/or

		
	•
	if you are removed or not re-appointed as a director of the Company at a General Meeting of the Company in accordance with the requirements of the Delaware General Corporate Law and/or any other applicable law or regulation (the "Law") and/or the Company's Certificate of Incorporation; and/or

		
	•
	if you have been declared bankrupt or made an arrangement or composition with or for the benefit of your creditors; and/or

		
	•
	if you have been disqualified from acting as a director (including, but not limited to, an event in which you are declared insane or become of unsound mind or become physically incapable of performing your functions as director for a period of at least 60 days) ; and/or

		
	◦
	with your death and if you are a corporation or either entity, with your liquidation.

		
	◦
	if an order of a court having jurisdiction over the Company requires you to resign.

Any termination of this letter of appointment shall be without payment of damages or compensation (except that you shall be entitled to any accrued Expenses properly incurred under the terms of this letter of appointment prior to the date of such termination).
On termination of this appointment, you shall return all property belonging to a Group company, together with all documents, papers, disks and information, howsoever stored, relating to a Group company and used by you in connection with this position with the Company.
Other Appointments and Renewal
Subject to the proper performance of your obligations to the Company under this letter of appointment and any applicable law, the Company agrees that you will be free to accept other appointments and directorships provided that:
		
	•
	They do not in any way conflict with the interests of the Company or any member of the Group; and

		
	•
	They do not restrict you from devoting the necessary time and attention properly to services to be performed under this letter of appointment; and 

		
	•
	In the event that you become aware of any potential conflicts of interest, these must be disclosed to the Chairman and/or the Chief Executive Officer (the "CEO") of the Company as soon as they become apparent.

The performance of individual directors and the Board and its committees is evaluated annually.  If, in the interim, there are any matters which cause you concern about your position, you should discuss them with the Chairman and/or the CEO as soon as is appropriate.
Insurance
The Company has directors' and officers' liability insurance in place and will use commercial reasonable effort to maintain such cover for the full term of your appointment.
Miscellaneous
In addition to any right pursuant to applicable law, occasions may arise when you consider that you need professional advice in the furtherance of your duties as a director.  Circumstances may occur when it will be appropriate for you to seek such advice from independent advisors at the Company's expense, to the extent provided under applicable law and subject to the prior written approval of the CEO.

This letter refers to your appointment as a director of the Company and your (possible) membership of the audit, nomination and the remuneration committees of the board.
You shall procure that you comply at all times with the Company's inside trading policies as in effect from time to time.
You shall discharge your general duties as a director pursuant to the Company's Certificate of Incorporation of the Company and applicable law.  
This letter of appointment shall be governed by and construed in accordance with the law of the State of Florida.

Please sign the attached copy of this letter and return it to the Company to signify your acceptance of the terms set out above.

Sincerely yours,

IZEA, INC.

/s/ Edward H. Murphy
___________________________
Name: Edward H. Murphy
Title: Chief Executive Officer

AGREED AND ACKNOLWEGED BY:

/s/ Mitchel Laskey
____________________________________
Name of Director: ___________________

Address: ____________________________

December 26, 2012

Mitchel Laskey
MJL Advisors

Dear Mr. Laskey, 

We are pleased to offer you a position on the board of directors of IZEA, Inc., a Nevada corporation (“IZEA”).  For the duration of your association with IZEA, you will devote such time as is reasonably required to participate in the board of directors' meetings and affairs, and provide such skill and attention to your duties as a member of any committee of the board of directors.  Upon your execution of this letter agreement, you will have consented to your appointment as set forth herein, which will become effective on December 26, 2012.

You hereby also consent to the use of your name and biographical information in documentation prepared by IZEA as it relates to your becoming a member of IZEA's board of directors.

Kindly indicate your consent to the matters discussed herein by signing and returning a copy of this letter to us as soon as possible.

Sincerely,

/s/ Edward Murphy

Edward Murphy
Chief Executive Officer

AGREED AND ACCEPTED:

/s/ Mitchel J. Laskey        December 27, 2012
____________________    ____________________
Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}]]