Document:

Exhibit 10.16

 

AMENDMENT AGREEMENT

 

This Amendment dated effective the 31st
day of December, 2011.

 

BETWEEN:

 

VAMPT
BEVERAGE CORP., a Canadian company

 

(“Owner”)

 

AND:

VAMPT
BEVERAGE USA CORP., a Nevada company

 

(“Purchaser”)

 

WHEREAS:

 

A.        The
parties entered into a technology transfer agreement dated the 25th day of November, 2011 (the
“Agreement”).

 

B.        The parties
have agreed to amend certain provision of the Agreement.

 

NOW THEREFORE, in
consideration of the sum of USD $10.00 now paid by the Owner to the Purchaser (the receipt and sufficiency of which is hereby
acknowledged) and the premises and covenants contained herein, the parties agree as follows:

 

1.        Amendment.
Section 1.02 of the Agreement is deleted and replaced with the following:

 

“1.02        The
purchase price (the “Purchase Price”) for the purchase of the Technology shall be paid by the Purchaser to the Owner
within ten (10) days of demand by the Owner, by delivery of 750,000 common shares of the Purchaser.”

 

2.        Additions.

 

(a)        The
following is inserted as Section 1.03 of the Agreement:

 

“1.03        Title
in the Purchaser to the Technology vests immediately upon the execution of this Agreement and the Purchase Price shall be an account
payable only and any accidental or negligent omission to pay some or all of the Purchase Price shall not affect the title of the
Purchaser to the Technology.”

 

(b)        The
following is inserted as Section 1.05 of the Agreement:

 

“1.05        The
Purchaser acknowledges that an intercompany loan as of December 31, 2011 will be adjusted such that $750,000 is owing by the Purchaser
to the Owner (the “Loan”). Any amounts in excess of the $750,000 will be deemed to be forgiven. The owner agrees that
the repayment of the Loan will be a minimum of 10% of the before tax profit of the Purchaser to be calculated on an annual basis
in relation to the audited statements of the Purchaser. For further clarity, the Loan is interest free and the repayments will
continue until the loan is fully extinguished and repaid.”

 

    	 

    	 

    

 

3.        Confirmation.
The parties confirm that all other terms and conditions of the Agreement remain in effect at the date hereof.

 

4.        Definitions,
Interpretation, Standard Terms. Capitalized terms not defined herein have the meanings ascribed to such terms in this Agreement.
This Amendment hereby incorporates by reference the provisions of the Agreement concerning interpretation and other general matters,
as set out in Articles 9 through 16 inclusive of the Agreement.

 

5.        Further
Assurances. The parties agree to do such further acts and to execute and deliver such other documents, deeds, instruments or
other materials as may be necessary or desirable to effect the agreements contained herein.

 

IN WITNESS WHEREOF, the parties have
executed this Amenment as of the date first above written.

 

	VAMPT BEVERAGE CORP.	 
	Per:	 
	 	 
	/s/ Ian Toews	 
	Authorized Signatory	 
	 	 
	VAMPT BEVERAGE USA CORP.	 
	Per:	 
	 	 
	/s/ Ian Toews	 
	Authorized Signatorybws10q2qex10_1.htm

  

  

  

Exhibit 10.1

 

 

BROWN SHOE COMPANY, INC.

INCENTIVE AND STOCK COMPENSATION PLAN OF 2011

 

PERFORMANCE AWARD AGREEMENT

THIS AWARD AGREEMENT, effective March 9, 2012, represents the grant of both Performance Units ("Performance Units") and a Cash-Based Award ("Cash-Based Award") (collectively, the "Award") by Brown Shoe Company, Inc. ("Company") to the Participant named below, who has been selected by the Compensation Committee of the Company's Board of Directors (the "Committee") to receive the Award with respect to the Performance Period set forth below under the Company’s Incentive and Stock Compensation Plan of 2011 (the "Plan").  Subject to the key terms set forth below and the attached General Terms and Conditions (dated as of February 28, 2012), all of which constitute part of this Agreement, this Award provides:

 

 

Participant:

 

Performance Award, being a combination of the

 

Number of Performance Units:

 

Form of Payment: cash equivalent of the value of Company stock upon payout

 

Amount of Cash-Based Award:

 

Form of Payment: cash

 

Performance Period: The Company's Fiscal Years 2012 through 2014

 

Performance: As approved by the Committee

 

Minimum Performance Level: As approved by the Committee

 

Maximum Award Value:  200% of Target Award

 

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed effective as of the last date written below.

 

 

	 	 	 	BROWN SHOE COMPANY, INC.
	 	 	 	 
	 	 	 	By:
	 	 	 	 
	 	 	 	 
	 	 	 	Sarah E. Stephenson
	 	 	 	Vice President, Total Rewards
	 	 	 	Date: 
	Accepted: 	 	 	 
	 	Participant Signature	 	 
	 	 	 	 
	Date:   	 	 	 

 

 

  

  

  

Brown Shoe Company, Inc.

 

PERFORMANCE AWARD 2012 to 2014

 

General Terms and Conditions (as of March 9, 2012)

 

 

The parties hereto agree as follows:

 

    1.   Performance Period.  The Performance Period shall be as specified on the executed cover page of this Award.

 

    2.   Value of Award.  The Award shall represent and have a Maximum Award Value as specified on the executed cover page of this Award.

 

    3.   Earning the Award; Certification of Performance and Percent Earned.  The Award shall be “earned” following the end of the Performance Period, as of the date the Committee shall determine and certify: (a) whether the Minimum Performance Level (as set forth on Attachment A) has been satisfied; (b) and if so, the percent of the Award that has been earned in accordance with the Performance Payoff Profile (as set forth on Attachment A) (the “Percent Earned”), but in no event  more than the Maximum Award Value; and provided that the determinations pursuant to (a) and (b) shall be subject to the Committee’s right to exercise its discretion to reduce the Company’s level of performance based on the quality of earnings.  All calculations as to the Performance Measures shall be subject to the Committee’s right, pursuant to Section 14.2 of the Plan, to make adjustments for unusual or nonrecurring events.

 

    4.   Amount Payable and Payment of the Award.

 

       (a)    Unless this Award is sooner terminated in accordance with Section 5, an earned Award (as provided in Section 3) shall be payable within sixty (60) days following completion of the Performance Period.  Subject to Section 5(b) and in accordance with Section 5(c), this Award shall not be payable and shall be forfeited if Participant terminates employment with the Company prior to the date that the Award payment is made to the Participant.

 

       (b)    The amount payable to the Participant shall be determined by multiplying the Percent Earned by the Target Award specified on Attachment A, subject to the Committee’s right to exercise discretion as provided in Section 3.

 

       (c)    Unless otherwise specified on the executed cover page of this Award, payment of the earned Performance Units shall be made in cash equivalent to the Fair Market Value of a number of the Company’s Shares equal to the number of Performance Units at time of payout, and payment of the earned Cash-Based Award shall be made in cash.

 

    5.   Termination Provisions.

 

       (a)    If, pursuant to Section 3, the Committee certifies that the Minimum Performance Level has not been achieved, this Award shall immediately terminate and no longer be of any effect.

 

       (b)    If Participant’s employment is terminated during the Performance Period by reason of death, Disability, Retirement or Early Retirement, the Committee, in its sole discretion, shall determine whether the Participant (or Participant’s beneficiary in the event of death) shall be eligible to receive any payment under this Award.  If payment of this Award is approved by the Committee, such payment shall be pro-rated based on the number of full months of continued active employment by Participant during the Performance Period as a percent of the total number of months in the Performance Period; the amount payable shall be based on the Percent Earned; and payment shall be made pursuant to Section 4 at the same time as payment of other awards for the same Performance Period are made to other eligible participants who did not terminate employment during the Performance Period.  Notwithstanding the foregoing, in the event of Participant’s termination due to death or Disability, if approved by the Committee, such pro-rated payment may be made prior to expiration of the Performance Period, with calculation of and timing of the payment amount to be determined by the Committee.

 

       (c)    Except as provided in subsection 5(b), a Participant shall be eligible for payment of the earned Award, as specified in Section 3, only if the Participant remains continuously employed by the Company from the date of this Agreement, through the end of the Performance Period and continuing thereafter until the date the Awards is actually paid.

 

    6.   Dividends.  The Participant shall have no right to any dividends that may be paid with respect to Shares until any such shares are vested.

 

    7.   Change in Control.  If a Participant is employed by the Company on the date of a Change in Control, subject to Article 13 of the Plan, unless otherwise specifically prohibited under applicable laws, or by the rules and regulations of any governing governmental agencies or national securities exchange, the Award shall be deemed to have been fully earned for the entire Performance Period and fully vested as of the effective date of the Change in Control; and based upon an assumed achievement of all relevant targeted performance goals, the Award shall be payable in the amounts or at the level provided by the above-referenced provisions of the Plan within thirty (30) days following the effective date of the Change in Control.

 

    8.   Recapitalization.  Subject to Section 4.2 of the Plan, in the event that there is any change in corporate capitalization, such as a stock split, or a corporate transaction, such as any merger, consolidation, separation including a spin-off, or other distribution of stock or property of the Company, any reorganization (whether or not such reorganization comes within the definition of such term in Code 368) or any partial or complete liquidation of the Company, such adjustment shall be made in the number and class and/or price of the Company’s Shares subject to this Award, as may be determined to be appropriate and equitable by the Committee, in its sole discretion, to prevent dilution or enlargement of rights; provided, however, that the number of Performance Units subject to this Award shall always be a whole number.

 

    9.   Tax Withholding.  The Committee shall have the power and the right to deduct or withhold, or require the Participant or beneficiary to remit to the Company, an amount sufficient to satisfy Federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of the Award.  In satisfaction of such requirements, subject to the approval of the Committee, the Participant may elect, within an election period specified by the Company, to satisfy the withholding requirement, in whole or in part, by having the Company withhold from the payment of the Award: (a) Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be withheld on the transaction (“Withholding Amount”) from that portion of the Award that is payable in Shares, if any; and/or (b) cash equal to the Withholding Amount from that portion of the Award that is payable in cash, if any; or (c) a combination of (a) and (b).  All such elections shall be irrevocable, made in writing, signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate.

 

    10.   Clawback.  Any payouts will be subject to recovery if it is determined that the Participant personally and knowingly engaged in practices that materially contributed to the circumstances that led to the restatement of the Company’s financial statements.

 

    11.   Nontransferability.  This Agreement as well as the rights granted thereunder may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution.

 

    12.   Administration.

 

       (a)    This Award and the rights of the Participant hereunder are subject to all terms and conditions of the Plan, as the same may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the Plan.  It is expressly understood that the Committee is authorized to administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Agreement, all of which shall be binding upon the Participant.

 

       (b)    If there is any inconsistency between the terms of this Award and the terms of the Plan, the Plan’s terms shall completely supersede and replace the conflicting terms of this Agreement.  All capitalized terms shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein.

 

    13.   Miscellaneous

 

       (a)   This Agreement shall not confer upon the Participant any right to continuation of employment by the Company, nor shall this Agreement interfere in any way with the Company’s right to terminate his or her employment at any time.

 

       (b)    The Committee and/or the Company’s Board of Directors may terminate, amend, or modify the Plan; provided, however, that no such termination, amendment, or modification of the Plan may in any way adversely affect the Participant’s rights under this Agreement without the Participant’s written consent.

 

       (c)    This Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required.

 

       (d)    To the extent not preempted by Federal law, this Agreement shall be construed in accordance with and governed by the substantive laws of the State of Missouri without regard to conflicts of laws principles, which might otherwise apply.  Any litigation arising out of, in connection with, or concerning any aspect of the Plan or this Agreement shall be conducted exclusively in the State or Federal courts in Missouri.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00207-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00207-of-00352.parquet"}]]