Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
 AMENDMENT 

TO 
 CHANGE OF CONTROL

 WHEREAS, Kellogg Company, a Delaware corporation (the “Company”), and John A. Bryant (the “Employee”)
previously entered into an agreement relating to Change of Control dated September 12, 2002 (as amended on December 19, 2008, the “Agreement”); and 

WHEREAS, the Company and the Employee now deem it desirable to enter into this amendment (this “Amendment”) to amend the
Agreement to (i) eliminate the excise taxes gross up; (ii) reduce the potential amount payable and the protection period following a Change of Control; and (iii) add restrictive covenants as a condition to receive any separation
payment under the Agreement. 
 NOW, THEREFORE, the Company and the Employee agree that the Agreement is hereby amended,
effective as of December 5, 2014, as follows: 
  

	1.	Eliminate Excise Tax Coverage 

  

	1.1	Employee and the Company agree that the Employee (and not the Company) shall be responsible for any excise taxes imposed as a result of the payment of separation benefits to Employee under this Agreement. Consequently,
Section 8 of the Agreement is deleted and replaced with the following: 

  

	    	“Section 8.    Eliminate Excise Tax Coverage. If a Change of Control occurs and the Executive becomes entitled to separation benefits under this Agreement that would be subject to
the excise tax imposed under Section 4999 of the Code, the Company shall reduce its payment of separation benefits to the Executive to $1.00 less than that amount which would trigger the excise tax if such reduction would result in the
Executive receiving an equal or greater after-tax benefit than he would receive if the full separation benefits were paid. The separation benefits shall be reduced in the following order of priority: (i) first from cash compensation under
Section 5(a)(1)(B), (ii) next from cash compensation under Section 5(a)(1)(A), (iii) then from any additional SERP benefits under Section 5(a)(1)(C), then (iv) from equity-based awards under Section 5(a)(3), and
then (v) pro-rata among all remaining payments and benefits, provided, however, that this payment structure complies with applicable law, including Section 409A of the Code.” 

 

	2.	Potential Payouts and Protection Period 

  

	2.1	To simplify the Company’s Change of Control severance program and to reduce the potential amount payable following a Change of Control, Section 1 of Agreement is amended to add the following definition:

  

	    	“(e) “Target Annual Bonus Percentage” means the Executive’s target annual bonus percentage under the under the Company’s or an Affiliated Company’s annual incentive plans, or any comparable
bonus under any predecessor or successor plan, in effect immediately prior to the Effective Date, or if higher, the year in which the Date of Termination occurs.” 

	2.2	The first sentence of Section 2 is amended by deleting the word “third” and replacing it with the word “second.” 

 

	2.3	The first sentence of Section 3(b)(2) is deleted and replaced with the following: 

  

	    	“In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to the
Executive’s target bonus in effect under the Company’s or an Affiliated Company’s annual incentive plans, or any comparable bonus under any predecessor or successor plan, immediately prior to the Effective Date (annualized in the
event that the Executive was not employed by the Company for the whole of such fiscal year).” 

  

	2.4	The first sentence of Section 5(a)(1) is amended by deleting the words “within 30 days after the Date of Termination.” 

 

	2.5	Section 5(a)(1)(A)(ii)(x) is deleted and replaced with the following: 

“(x)  The Annual Bonus equal to the product of 

(1) The Executive’s Annual Base Salary; and 

(2) The Executive’s Target Annual Bonus Percentage; and” 

 

	2.6	Section 5(a)(1)(B)(y) is deleted and replaced with the following: 

“(y)  The Executive’s Annual Bonus equal to the product of (1) Executive’s Annual Base Salary and
(2) Executive’s Target Annual Bonus Percentage; and” 
  

	2.7	The following is added to the end of Section 5(a)(1): 

  

	    	“Notwithstanding the first sentence of Section 5(a)(1), the benefits described in Section 5(a)(1) shall be paid in equal bi-weekly installments over a two-year period if the circumstances entitling the
Executive to benefits under this Agreement do not meet the definition of a “change in control” under Section 409A of the Code.” 

  

	3.	Restrictive Covenants 

  

	3.1	To add certain restrictive covenants as a condition to receiving payment of separation benefits under this Agreement, a new Section 12 is added to the Agreement as follows: 

 

	    	“Section 12.    Separation Payments Contingency. Upon a Change of Control and termination of employment under the circumstances described in Section 5(a), the obligations of
the Company to pay or provide separation benefits under this Agreement to the Employee are contingent on the following: 

  
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 (a)  Non-Solicitation. The Executive’s entering into
and adhering to a written agreement providing that the Executive will not solicit any employee of the Company or an Affiliated Company to leave the Company or an Affiliated Company and to work for any other entity, whether as an employee,
independent contractor or in any other capacity, for a period of up to one year following the Executive’s Date of Termination. Should the Executive violate this non-solicitation agreement, the Executive will be obligated to pay back to the
Company all payments received hereunder, and the Company will have no further obligation to pay or provide the Executive any separation benefits that may be remaining due hereunder; 

(b)  Non-Disparagement. The Executive’s entering into and adhering to a written agreement
providing that, in discussing the Executive’s relationship with the Company, the Executive will not disparage, discredit or otherwise treat in a detrimental manner the Company, the Affiliate Companies or their officers, directors and employees.
In this written agreement the Company shall also agree that, in discussing its relationship with the Executive, the Company will not disparage, discredit or otherwise treat the Executive in a detrimental way. Should the Executive violate this
non-disparagement agreement, the Executive will be obligated to pay back to the Company all payments received hereunder, and the Company will have no further obligation to pay or provide the Executive any separation benefits that may be remaining
due hereunder; and 
 (c)  General Release of Claims. The Executive’s execution of a general
release of claims in the form and substance to be reasonably acceptable to the Company, releasing the Company, the Affiliated Companies and their officers, directors, agents and employees from any claims or causes of action of any kind that the
Executive might have against any one or more of them regarding the Executive’s employment or the termination of that employment as of the date of the release of claims, and provided the Executive does not thereafter revoke the release of
claims. 
 Payment of separation benefits shall commence promptly after the release of claims is executed, but in no event later than 90 days
following the date the release of claims is executed.” 
  

	4.	Except as expressly modified by this Amendment, the Agreement shall remain in full force. In the event of any conflict between the terms of this Amendment and the Agreement, this Amendment shall control.

*            *           
 * 

  
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 IN WITNESS WHEREOF, the Executive has hereunto set his hand, and the Company has caused this Amendment to
be executed in its name and on its behalf, as of the effective date set forth above. 
  

	
	EMPLOYEE
	
	/s/ John A. Bryant
	John A. Bryant
	
	KELLOGG COMPANY
	
	/s/ Gordon Gund

  
 4CONTRIBUTION AGREEMENT

     This Contribution Agreement (this "Contribution Agreement") is entered into as of August 11, 2014 (the "Effective Date") and is by and between AmericaTowne Inc., a Delaware corporation with an address for notice purposes of 353 East Six Forks Road, Suite 270 in Raleigh, North Carolina 27609 (the "Company") and Yilaime Corporation, a Nevada corporation with an address for notice purposes of 228 Seahawk Street, Suite 310 in Las Vegas, Nevada 89145 (the "Contributing Party").  The Company and the Contributing Party and jointly referred to as the "Parties".

     WHEREAS, the Contributing Party is an export trading company providing United States goods, products and services to China, and in securing funding, guarantees, export insurance, export tax credits and other commodities, financial and management commitments (the "Contributing Party's Business").

     WHEREAS, in order to facilitate and enhance the Contributing Party's Business, the Contributing Party acquired certain tangible and intangible assets from Alton Perkins through an Intellectual Property Assignment Agreement dated August 11, 2014 (see Exhibit A; the "Assignment Agreement").  The intent of the Contributing Party in acquiring the assets under the Assignment Agreement is to utilize these assets in further the economic interests of the Company.

     WHEREAS, the Parties agree that the Contributing Party's contribution of assets to the Company are limited to those assets set forth in the Assignment Agreement, or as subsequently amended over time (the "Contributed Assets").

     WHEREAS, the Contributing Party has been actively involved in developing the Company's business concepts, in having an interest in and to those business concepts, negotiating and servicing pending contracts, and adding value to assets, both tangible and intangible through the collective management efforts of Contributing Party and the Company.

     WHEREAS, the Company and the Contributing Party believe that it is in their best interests to combine their resources.

     WHEREAS, the Company and the Contributing Party have negotiated and reached certain understandings, herein delineated, which have been memorialized hereinafter, for which they desire this Contribution Agreement to formalize and evidence such understandings.

	     NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and intending to be legally bound, the parties have agreed as follows:
	

	     1.  Consideration for Contributed Assets. In consideration of the Contributing Party's contribution of the Contributed Assets to the Company, the Company shall issue within a commercially reasonable period of time a total of 3,000,000 shares of the Company's restricted common stock, unencumbered with all rights of registration under the 1933 Securities Act.  The shares constituting the consideration under this Agreement are immediately assessable, are not restricted beyond Rule 144a of the 1933 Securities Act, and are otherwise transferred with the intention of complying with IRS Code 351

	     2.  Representations and Warranties of the Contributing Party.  The Contributing Party represents and warrants as follows:

	          (a) The Contributing Party has the requisite power and authority to execute, deliver, and perform its obligations under this Agreement.

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	          (b) The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action (corporate or otherwise) on the part of the Contributing Party.

	          (c) This Agreement constitutes the legal, valid and binding obligation of the Contributing Party,  enforceable in  accordance  with its  terms,  except as such  enforcement  may be limited by applicable  bankruptcy,  insolvency,  moratorium  or similar laws  affecting the enforcement of creditors rights, generally.

	          (d)  The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby do not and will not: (i) violate, breach or contravene any of the terms, conditions or provisions of the Contributing Party's Articles of Incorporation or Bylaws; (ii) violate, or constitute a default under, any material contract by which the Contributing Party or the Contributed Assets is bound; or (iii) violate any material provision of law.

	          (e)  The Contributing Party is in possession of and has good, valid and marketable title in or valid rights under contract to use the Contributed Assets being contributed to the Company, and all of the Contributed Assets are free and clear of all liens or other encumbrances.

	          (f)  Upon consummation of this Agreement, the Company shall be the sole and exclusive owner of the Contributed Assets and shall hold itself out as being the owner to the Contributed Assets.

	          (g)  The Contributing Party shall use its reasonable best efforts to obtain all necessary consents from applicable third parties in order to assign, transfer and deliver the Contributed Assets to the Company unless the failure to obtain one or more consents would not be material.

	          (h) The Contributing Party has negotiated at arms-length over a period of time regarding its contribution of the Contributed Assets.

	          (i)  The Contributing Party recognizes that this Agreement and the exhibits attached hereto may be subject to reporting requirements of the United States Securities and Exchange Commission.

	     3.  Representations and Warranties of the Company.  The Company represents and warrants as follows:

	          (a) The Company has the requisite power and authority to execute, deliver, and perform its obligations under this Agreement.

	          (b) The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action (corporate or otherwise) on the part of the Company.

	          (c) This Agreement constitutes the legal, valid and binding obligation of the Company,  enforceable in  accordance  with its  terms,  except as such  enforcement  may be limited by applicable  bankruptcy,  insolvency,  moratorium  or similar laws  affecting the enforcement of creditors rights, generally.

	          (d)  The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby do not and will not: (i) violate, breach or contravene any of the terms, conditions or provisions of the Company's Articles of Incorporation or Bylaws; (ii)

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	violate, or constitute a default under, any material contract by which the Contributing Party or the Contributed Assets is bound; or (iii) violate any material provision of law.

	          (e)  The Company and the Contributed Assets shall be controlled by the same control group that managed and operated the Contributed Assets during the time period in which the Contributing Company had operated the Contributed Assets (i.e. intent is to manage the Contributed Assets consistent with IRS Code 351).

	     4.  Indemnification by the Contributing Party.  Contributing Party shall indemnify, defend and hold harmless the Company and its directors, officers and employees, and its successors and assigns of any of the foregoing (collectively, the "Company Indemnitees") from and against any and all liabilities of the Company Indemnitees relating to, arising out of or resulting from the failure of the Contributing Party to pay, perform or otherwise promptly discharge any liabilities of the Contributing Party related to the Contributed Assets, which accrued prior to the Effective Date, and which frustrate the purpose of the Contributed Assets in their use by the Company.

	     5. Indemnification by the Company. The Company shall indemnify, defend and hold harmless the Contributing Party and its directors, officers and employees, and its successors and assigns of any of the foregoing (collectively, the "Contributing Party Indemnitees") from and against any and all liabilities of the Company Indemnitees relating to, arising out of or resulting from the failure of the Contributing Party to pay, perform or otherwise promptly discharge any liabilities of the Contributing Party related to the Contributed Assets, which accrued on or after the Effective Date.

	     6. Termination of the Cross-Indemnification.  The rights and obligations of each of the Parties and their respective indemnitees in Section 4 and Section 5 shall terminate upon the Company's disposition or sale of the Contributed Assets to a third-party unless otherwise agreed to by the Parties in a mutual writing.

	     7. IRS Code 351 Contribution. This Agreement is intended to provide for a tax-free exchange between the contributor and the Company under Section 351 of the Internal Revenue Code and shall be construed to accomplish that result.

	     8. Survival of Representations, Warranties, Covenants and Agreements. The representations, warranties, covenants and agreements made by any party in this Agreement will survive the Effective Date or termination of the Party's relationship. Any claim for indemnification with respect to a breach of a representation or warranty will toll the applicable survival period of such representation or warranty as it relates to such claim and any related claim. All covenants and agreements set forth in this Agreement will be given independent effect so that if a certain action or condition constitutes a default under a certain covenant or agreement, the fact that such action or condition is permitted by another covenant or agreement will not affect the occurrence of such default, unless expressly permitted under an exception to such initial covenant or agreement.  Likewise, each representation and warranty set forth in this Agreement will be given independent effect so that if a particular representation or warranty proves to be incorrect or is breached, the fact that another representation or warranty concerning the same or similar subject matter is correct or is not breached will not affect the incorrectness or breach of the initial representation or warranty.
	

	     9.  Binding Effect; Benefits; Assignment. All of the provisions of this Agreement will be binding upon, inure to the benefit of and be enforceable by and against that party and its successors and authorized assigns, except as otherwise expressly provided in this Agreement or for the provisions which are intended to be for the benefit of and will be enforceable by each indemnitee set forth in Section 4 and Section 5. Nothing in this Agreement, express or implied, is intended to confer upon any person other than the signatories thereto any rights or remedies under or by reason of this Agreement.  No Party will
	
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	assign any of its rights or obligations under this Agreement to any other person without the prior written consent of the Parties to this Agreement and any such attempted or purported assignment will be null and void; provided, however, that the Company may without consent, assign all or part of its rights under this Agreement to one or more of its affiliates or any person providing funded debt to the Company or any of its affiliates.

	     10.  Entire Agreement. This Agreement and the exhibits to this Agreement set forth the entire agreement and understanding of the Parties in respect of the transactions contemplated by this Agreement, and supersede all prior contracts, term sheets, letters of intent, exclusivity agreements, and other arrangements and understandings relating to the subject matter hereof and thereof.

	     11. Amendment and Waiver. This Agreement may be amended, superseded or canceled, and any of its provisions may be waived, only by a written instrument executed by the Parties or, in the case of a waiver, by the party waiving compliance.  The failure of any party at any time to require performance of any provision of this Agreement will in no manner affect the right of that party at a later time to enforce the same or a different provision.  No waiver by any party of any condition or the breach of any provision of this Agreement, in any one or more instances, will be deemed to be or construed as a further or continuing waiver of the same or any other breach or provision of this Agreement.

	     12. Governing Law; Exclusive Jurisdiction. This Agreement will be governed by and construed in accordance with the law of the State of Nevada as applicable to contracts made and to be performed in the State of Nevada, without regard to conflicts of laws principles. The Parties hereby submit to the exclusive jurisdiction of the state or federal courts located in the County of Clark, State of Nevada in respect of any proceeding related to or arising out of this Agreement, including any proceeding involving the interpretation or enforcement of the provisions within this Agreement, and the Parties hereby waive, and agree not to assert, any defense in any such action, suit or proceeding, that they are not subject thereto or that such action, suit or proceeding may not be brought or is not maintainable in such courts or that the Agreement may not be enforced in or by such courts or that their property is exempt or immune from execution, that such suit, action or proceeding is brought in an inconvenient forum, or that the venue of such suit, action or proceeding is improper. The Parties agree not to bring any proceeding related to or arising out of this Agreement in any court other than the state or federal courts located in the County of Clark, State of Nevada.

	     13. Notices.  All notices, requests, demands and other communications required or permitted to be given pursuant to this Agreement must be in writing and will be deemed to have been duly given on the day of delivery if delivered by hand, on the day of transmission if sent by facsimile or electronic mail with confirmation of receipt (or on the next business day if not sent on a business day), on the first business day following deposit with a nationally recognized overnight mail service, delivery charges prepaid, or on the third business day following first class mailing, with postage prepaid to the "Authorized Agent" for the addressees in the introductory paragraph. A party may change its address, telephone number or facsimile number by prior written notice to the other party.

	     14. Counterparts. This Agreement may be executed by facsimile, digital or other electronic signature and in one or more counterparts, each of which will be deemed an original and together will constitute a single instrument.

	     15.  Expenses.  Except as otherwise expressly provided in this Agreement, each Party will pay its own expenses, costs and fees (including legal and other professional fees and costs) incurred in connection with the negotiation, preparation, execution and delivery of this Agreement.

	
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     16. Conflict of Interest Disclosure and Waiver. Counsel for the Company, Paesano Akkashian, P.C., located at 7457 Franklin Road, Suite 200 in Bloomfield Hills, Michigan 48301 ("Paesano Akkashian"), has also performed certain legal services for the benefit of the Contributing Party. Paesano Akkashian has disclosed to the Company that an actual or perceived conflict of interest may exist in negotiating and drafting an agreement of this nature; however, at this time, Paesano Akkashian believes that the Parties interests are aligned (especially considering this is a contribution arrangement under IRS Code 351). By executing below, the Parties acknowledge that the full scope of this conflict of interest has been disclosed to their satisfaction and they have either elected to execute this Agreement without the benefit of independent counsel advising them on the conflict, or have received independent legal counsel on the conflict, and have knowingly waived the conflict.

	     IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date and year first written above.

	

	AmericaTowne, Inc.

							/s/Alton Perkins

							By:  Alton Perkins

							Its:  Chairman of the Board

							Yilaime Corporation

							/s/Xiang Mei Lin

							By:  Xiang Mei Lin

							Its:  President

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EXHIBIT A

ASSIGNMENT AGREEMENT

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INTELLECTUAL PROPERTY ASSIGNMENT AGREEMENT

	     This Intellectual Property Assignment Agreement (this "Agreement"), made as of August 11, 2014 (the "Effective Date") by and between Alton Perkins, an individual with a mailing address for notice purposes of 353 East Six Forks Road, Suite 270 in Raleigh, North Carolina 27609 (the "Assignor") and Yilaime Corporation, a Nevada corporation with a mailing address for notice purposes of 228 Seakhawk Street, Suite 210 in Las Vegas, Nevada 89145 (the "Assignee") collectively referred to herein as the "Parties".

	     WHEREAS, the Parties hereto desire to enter into this Agreement to give effect to the Assignor assigning all of his right, title and interest in and to certain intellectual property, including but not limited to, trademarks and trademark applications, patents and patent applications, copyrights and copyright applications, domain names, trade names, service marks and service mark applications, ideas and concepts, (hereinafter, the "Intellectual Property") of the Assignor to the Assignee, pursuant to the terms and conditions contained herein.

	     NOW THEREFORE, in consideration of the premises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto agree as follows:

	     1.  The Assignor and the Assignee hereby acknowledge and agree that, effective on the Effective Date, the Assignor shall assign all of his right, title and interest in and to the Intellectual Property, as more particularly described on Schedule "A," annexed hereto, to the Assignee.  In consideration for the assignment under this Agreement, Assignee agrees to assume any responsibility related to the trademark filings with the United States Patent and Trademark Office related to any registrations needed for the Intellectual Property.

	     2.  The Assignor hereby represents and warrants to the Assignee that (a) the Assignor has good and marketable title to the Intellectual Property, free and clear of any encumbrances, including, but not limited to, third party infringement claims, lawsuits or demands; (b) the Assignor has the full right and authority to enter into this Agreement with the Assignee; and (c) the Assignor does not require any third-party consents to perform any of its obligations contemplated under this Agreement.

	     3.  If any provision of this Agreement is found by a court of competent jurisdiction to be unenforceable, such provision shall not affect the other provisions, but such unenforceable provision shall be deemed modified to the extent necessary to render it enforceable, preserving to the fullest extent permissible the intent by the parties set forth therein.

	     4. This Agreement shall inure to the benefit of the Parties hereto and shall be binding upon the Parties hereto and their respective heirs, executors, representatives, successors, and assigns. Except as otherwise set forth herein, nothing in this Agreement, expressed or implied, is intended to confer on any person other than the Parties hereto or their respective heirs, executors, representatives, successors, and assigns any rights, remedies, obligations, or other liabilities under or by reason of this Agreement.

	     5. Any dispute between the Parties arising out of any Parties' obligations contained herein shall be resolved in accordance with the arbitration procedures of the applicable jurisdiction.  Both parties agree to submit to the jurisdiction of County of Clark, State of Nevada.

	     6. The Parties hereto hereby agree that each Party shall execute and deliver such further documents or instruments as required to give effect to this Agreement.

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	     7. This Agreement shall constitute the entire agreement between the Parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding on either Party to this Agreement except to the extent incorporated in this Agreement.

     IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date and year first written above.

							/s/ Alton Perkins		

							Assignor

							Alton Perkins

							/s/ Xiang Mei Lin	

							Assignee

							Yilaime Corporation

							By:  Xiang Mei Lin

							Its:  President

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SCHEDULE "A"

INTELLECTUAL PROPERTY

	     Assignor assigns to Assignee the following Intellectual Property:

	     1.  All right, title and interest in and to AmericaTowne and AmericaStreet images, signatures, business plans, studies, analyses, likenesses and goodwill appurtenant thereto (including but not limited to those attached hereto);

	     2.  Certain rights of publicity in the trademark and registration of AmericaTowne;

	     3. The name, image, likeness, signature and other elements of AmericaTowne persona and identity;

	     4.  All rights in and to AmericaTowne name, other than those owned by the Company;

	     5.  All rights, title and interest in any derivative or joint development programs using the Intellectual Property assigned herein;

	     6.  Historical contacts, business relationships, business expectancies, references and any other actual or perceived business interests in China; and

	     7.  All common law and statutory rights in the foregoing.

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