Document:

Unassociated Document

    March 18,
2010

    

    

    Mr.
William C. Andrews

    

    Dear
Kriss:

    

    We (“ECD”) would like to engage you
(“Consultant”) to provide financial, accounting and investor relations support
and, upon your appointment by our Board of Directors, to serve as interim Chief
Financial Officer of ECD (the “Services”).  Your contact person at ECD
is Mark Morelli, and you will report directly to him.

    

    The term of this Agreement will be
effective immediately and continue until terminated by either
party.  As compensation for the Services, ECD will pay you a fee of
$50,000 per month, pro rated for any partial months, with a minimum compensation
of $150,000, unless terminated by ECD for cause, as reasonably determined by
ECD.  This fee cannot increase without the prior written approval of
ECD.  You will also be reimbursed for actual out-of pocket expenses,
including travel and lodging.  Please submit your invoice to your
contact person at ECD.

    

    Invoices
will be submitted as of the 15th and last day of each month and will be paid
within 10 days of presentment.

    

    Our engagement of you is subject to the
terms set forth in this letter and in ECD’s Standard Terms and Conditions
– Consulting Services (Rev. January 2010), a copy of which is
attached.  Defined terms used in this letter will have meanings
consistent with Standard Terms
and Conditions – Consulting Services (Rev. January 2010), and this letter
constitutes a “Statement of Work” thereunder.

    

    If this Agreement is satisfactory and
you are willing to perform the Services pursuant to these terms and conditions,
please sign below.  Any signed copy of this Agreement made by
photocopy, facsimile, or PDF Adobe format shall be considered an
original.

     

    
      
        
          	 	

                  Sincerely,

                   

                  ENERGY
      CONVERSION DEVICES, INC.

                	 
	 	 	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Jay
      B. Knoll	 
	 	 	Jay
      B. Knoll	 
	 	Its: 	Executive
      Vice President	 
	 	 	 	 

        

      

    

    Agreed
and accepted:

    

    

    /s/Kriss
Andrews                                             
                              

    KRISS
ANDREWS

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        
          
            
              
                	
                         

                      	
                        STANDARD
      TERMS AND CONDITIONS

                        CONSULTING
      SERVICES

                      

              

            

          

        

        
           

          
            
               

              
                
                  
                    
                      
                        
                          
                            
                              	
                                      
                                        These
      Standard Terms and Conditions - Consulting Services contain the general
      terms and conditions applicable to a business relationship between Energy
      Conversion Devices, Inc. and/or one or more of its affiliates (“ECD”) and
      Consultant, pursuant to which Consultant will provide services (the
      “Services”) to assist ECD in a project (the “Project”) as specified in a
      statement of work signed by ECD and Consultant (the “Statement of
      Work”).  The fully-executed Statement of Work and these Standard
      Terms and Conditions - Consulting Services, together with any supplements
      referenced in the Statement of Work, are collectively this
      “Agreement.”

                                        1. Services.  Consultant
      will perform the Services in a professional manner in compliance with all
      laws using commercially reasonable efforts to achieve the goals in the
      Statement of Work according to the schedule in the Statement of
      Work.  Upon ECD’s request, Consultant may provide additional
      services upon such terms as the parties may agree.

                                        2. Company
      Property.  ECD may furnish Consultant or provide
      Consultant access to facilities, data, tools and other materials in
      connection with the Project.  Consultant will use reasonable
      care and observe all applicable ECD security and facilities policies and
      procedures when using or accessing such facilities, data, tools and other
      materials.  Consultant will not obtain any right, title or
      interest in such facilities data, tools and other materials and will,
      immediately upon termination of this Agreement or any time upon ECD’s
      request, return all such tools, data and other materials to
      ECD.

                                        3. Payments.  Consultant
      will invoice ECD on a monthly basis for the Services at the rates
      specified in the Statement of Work, together with any reimbursable
      expenses.  Payment terms are 60 days net, unless specified
      otherwise in the Statement of Work. ECD will reimburse Consultant for the
      reasonable and approved out-of-pocket costs and expenses incurred in
      connection with performing the Services, subject to Consultant providing
      ECD with appropriate documentation of such costs and
      expenses.  Travel and expense reimbursement, if applicable, will
      be in accordance with ECD’s travel policy.

                                        4. Term.  The
      Services are provided on an as required basis and may be terminated at any
      time in whole or in part by either party, without charge or
      penalty.  Such termination will not relieve ECD of its
      obligation to pay for Services rendered before the effective date of such
      termination.

                                        5. Confidentiality.  Consultant
      may receive information that is confidential to ECD.  Consultant
      will use reasonable care to hold in confidence, not disclose to any third
      party without ECD’s prior, written consent, and not use for any purpose
      other than the furtherance of the relationship with ECD, such confidential
      information.  The level of reasonable care will not be less than
      the amount of care Consultant would use regarding its own confidential
      information of like importance.  Upon ECD’s request, Consultant
      will return, destroy or delete, and will require and verify that its
      personnel return, destroy or delete, all materials that contain ECD’s
      confidential information.  Further, it is the Company’s policy
      to respect third parties’ intellectual property rights, and accordingly
      Consultant will not disclose to the Company any information that is
      non-public, proprietary or confidential to any third party.

                                        6. Intellectual
      Property.

                                        (a) Background
      Technology.  Each party retains all right, title and
      interest in and to its Background Technology, and the other party does not
      obtain, by virtue of this Agreement or the Services, any right, title or
      interest in or to the other party’s Background Technology, except that ECD
      will have a royalty-free right to use Consultant’s Background Technology
      to the extent incorporated into any deliverables that are Project
      Technology or reasonably necessary to fully utilize the Project Technology
      for its intended purposes.

                                        (b) Project Technology. ECD
      will own all right, title and interest in and to all Project
      Technology.

                                        (c) Definitions.  As
      used in this Agreement, the following terms have the meanings
      indicated:

                                         “Intellectual
      Property” means
      all patents (including applications for patents), inventions, copyrights,
      confidential or proprietary information, trade secrets, trademarks,
      service marks, know-how, developments, improvements, results, software,
      data and other information, irrespective of form, whether patented or
      unpatented, copyrighted or uncopyrighted.

                                        “Background
      Technology” means all Intellectual Property conceived, developed,
      acquired, owned or controlled by a party (1) before the date of this
      Agreement, or (2) after the date of this Agreement and outside of the
      Project.

                                      

                                    	
                                       

                                    	
                                      

                                        “Project
      Technology” means all Intellectual Property conceived, developed,
      acquired, owned or controlled by a party during the course of the Project,
      including Consultant’s work product.  “Project Intellectual
      Property” does not include either party’s Background
      Technology.

                                        7. Non-Compete,
      Non-Solicitation.  During the term of this Agreement and
      for a period of six months thereafter,  Consultant will
      not  directly or indirectly, (a) engage in any activities,
      perform any services or conduct any businesses that are competitive with
      the ECD business related to the Project or the Services, (b) solicit,
      attempt to hire or hire any person who is then, or within the previous six
      months was, employed by, a consultant to, or an agent of, ECD, (c) solicit
      any customer to supply products or perform services of a similar nature to
      those products provided or services performed by the ECD business related
      to the Project or the Services, or (d) cause, induce, or encourage any
      investor, employee, consultant, agent, customer or supplier of ECD to
      terminate or adversely change its relationship with ECD.

                                        8. Warranties;
      Damages.  The Services are provided “as is”, “as
      available” and with all faults, and the entire risk as to satisfactory
      quality, performance and accuracy is with ECD. Neither party will be
      liable for any consequential, incidental, indirect or punitive damages
      (including, without limitation, loss of profits, loss of use, opportunity
      costs, interruption of business or costs of procuring substitute goods)
      resulting from, arising out of or in any way relating to the Services, the
      Project or this Agreement.

                                        9. Miscellaneous.

                                        (a) Complete Agreement.
      This Agreement constitutes the complete and entire agreement between the
      parties and supersedes any prior or contemporaneous agreements between the
      parties with respect to its subject matter.  No employees,
      agents or representatives of ECD are authorized to make any
      representation, warranty or covenant.  Accordingly, such
      additional oral statements do not constitute representations or warranties
      of ECD, should not be relied upon by Consultant and are not part of this
      Agreement.

                                        (b) Independent
      Contractor.  Consultant will provide the Services as an
      independent contractor, and nothing in this Agreement will be construed to
      constitute Consultant as the agent or employee of ECD for any purposes
      whatsoever.  Accordingly, Consultant has no authority to enter
      into any agreement or incur any obligations on ECD’s behalf, or commit ECD
      in any other manner.  Consultant will be responsible for all
      taxes (including tax withholdings) that may be applicable to any payments
      under this Agreement, as well as insurance (including worker’s
      compensation insurance) and benefits.  Consultant is not
      entitled to participate in or receive benefits under any plan or program
      of ECD or any of its affiliates.

                                        (c) Conflicts.  These
      terms and conditions supersede any conflicting terms and conditions that
      may appear in any agreement, purchase order or other document, unless such
      document specifically states that it is modifying these terms and
      conditions and is signed by a duly authorized representative of
      ECD.

                                        (d) Waiver.  The
      failure of either party to enforce its rights under this Agreement at any
      time for any period of time will not be construed as a waiver of those or
      any other rights.

                                        (e) Assignment.  Neither
      party may transfer or assign any of its rights nor delegate any of its
      obligations without the prior written consent of the other party.
      

                                        (f) Governing Law. This
      agreement will be governed by Michigan law (excluding any conflicts of law
      provisions).

                                        (g) Arbitration.  Any
      disputes that may arise involving the terms of this Agreement will be
      resolved exclusively by final and binding arbitration before the American
      Arbitration Association; provided that ECD may seek equitable relief for
      violations of this Agreement by Consultant pending outcome of arbitration
      proceedings.  The award of the arbitrator will be entered in any
      court of competent jurisdiction.

                                        (h) Publicity.  Neither
      party will make any public announcement regarding the existence of this
      relationship or any of the key terms, unless it obtains the other party’s
      prior consent or required by law, except that Consultant may identify ECD
      as a customer in brochures, presentations and other advertising and
      promotional material.

                                        (i) Counterparts.  This
      Agreement may be signed in counterparts, each of which will be deemed to
      be an original and all of which when taken together will constitute the
      same Agreement.  Any signed copy of this Agreement made by
      photocopy, facsimile, or PDF Adobe format will be considered an
      original.

                                      

                                    

                            

                          

                        

                      

                    

                  

                

              

            

            
               

              
                
                   

                  
                    
                      
                        
                          
                            
                              	
                                      © Energy Conversion Devices,
      Inc. 

                                    	
                                      Page 1 of
      1

                                    	
                                      Rev. January
2010AMENDMENT
NO. 1

    TO

    JOINT
VENTURE AGREEMENT

     

    This Amendment No. 1 (“Amendment”) to that certain
Joint Venture Agreement dated October 19, 2009 (the “Agreement”) between TRINITY
ALPS RESOURCES, INC., a Nevada domestic corporation (“Trinity Alps”), and AMERICAN
SIERRA GOLD CORP., a Nevada domestic corporation (“American Sierra”), is made
effective as of October 23, 2009.

    

    Pursuant to the terms and conditions
hereof, this Amendment is hereby incorporated into the Agreement as if fully set
forth therein.  This Amendment and the Agreement shall be read
together as a consistent agreement.  Capitalized terms used herein and
not otherwise defined shall have the meaning assigned in the
Agreement.  To the extent of any necessary inconsistency between the
two, however, the terms and provisions of this Amendment shall
control.

    

    RECITALS

    

    A.           The
Parties entered into the Agreement to document their intent and agreement to
form a joint venture to develop the Mine underlying the Claims (as those terms
are defined in the Agreement), and to provide American Sierra the ability to
purchase up to a seventy-five percent (75%) interest in the special purpose
entities to be used by the Parties to own and operate the Claims, respectively
(as further provided for in the Agreement).

     

    B.           The
Agreement provides for a Closing (as defined in the Agreement) to occur on or
before October 23, 2009, as well as the opening of a Trust Account within three
(3) business days from the Effective Date of the Agreement.

     

    C.           The
Parties are diligently working in an effort to fulfill all necessary conditions
to Closing and to identify a suitable candidate to serve as the Trust Account
Administrator and open the Trust Account, but require additional time to
complete those tasks.

    

    NOW, THEREFORE, in
consideration of the foregoing premises, the mutual agreements set forth below,
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto agree as follows:

    

    1.           AMENDMENT

    

    1.1           Exhibit B.  The
Agreement’s Exhibit B (i.e., the Year One Work Plan (as defined in the
Agreement)) is hereby deleted in its entirety and replaced and superseded by the
work plan attached hereto as Exhibit
1.  The Parties have each reviewed and approved Exhibit 1 and hereby
agree to provide the same to the Trust Account Administrator (as defined in the
Agreement) in furtherance of the Agreement.

    

    1.2           Exhibit D.  The
Agreement’s Exhibit D (i.e., Costs & Expenses) is hereby deleted in its
entirety and replaced and superseded by the costs and expenses attached hereto
as Exhibit
2.  The Parties have each reviewed and approved Exhibit
2.

    

    1.3           Section
1.6.  Section 1.6 of the Agreement is hereby deleted in its
entirety and replaced with the following, with the revised language highlighted
in italics for purposes of clarity:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    At
Closing, every cost and/or expense related to the Claims and/or the Mine that
was paid by Trinity Alps for a benefit that lasts past 19 August 2009 shall be
reimbursed to Trinity Alps by American Sierra on a pro-rated
basis.  Additionally, every cost and/or expense related to the Claims
and/or the Mine that was paid by Trinity Alps on or after 19 August 2009 but
prior to Closing shall, at Closing, be reimbursed to Trinity Alps by American
Sierra.  After Closing and during the Term, every cost and/or expense
related to the Claims and/or the Mine that, after Closing, accrues and/or is
received by Trinity Alps or the Operating Entity or Holding Company, shall be
promptly paid (a) by
the Trust Account Administrator from funds paid into the Trust Account
hereunder, or (b) by the
Operating Entity from the Petty Cash Account (as defined herein), with such
records to be forwarded to the Trust Account Administrator as set forth in
Section 5.1.1 below.  All such costs and expenses incurred prior to Closing are
itemized on the attached Exhibit D and shall
be credited toward the First Semester Payment.  Further, all such costs
and expenses incurred after Closing shall be credited toward the $2,000,000 set
forth in Section 1.4.3.

    

    1.4           Section
1.7.  Section 1.7 of the Agreement is hereby deleted in its
entirety and replaced with the following, with the revised language highlighted
in italics for purposes of clarity:

    

     American Sierra shall,
prior to Closing and at its
own expense,
form the Operating Entity and Holding Company, and purchase company record books
for same.  All other costs related to the Claims and/or Mines shall be
due from and paid by American Sierra through the Operating Entity or, to the
extent such expenses are related to the Claims and/or Mines but do not concern
the Mine’s operation, through the Holding Entity, as part of the Year One Work
Plan, Year Two Work Plan, and/or such other work plan as may hereafter be
approved by the Parties and submitted to the Trust Account Administrator
for administration hereunder, respectively (collectively, the “Plans”), with said
expenditures credited toward American Sierra’s $2,000,000.00 USD contribution
requirement under Section 1.4 above.

    

    1.5           Section
5.1.  Section 5.1 of the Agreement is hereby amended by
deleting the first sentence of that section and replacing it with “On or before
Closing, American Sierra shall open an escrow account (“Trust Account”) with an
attorney-at-law or other trust account administrator to be selected by American
Sierra after the Effective Date and approved by Trinity Alps in its sole but
reasonable discretion on or before Closing (“Trust Account
Administrator”).  All other sentences of Section 5.1 remain
unchanged.

    

    1.6           Section 5.2. Section 5.2 of the
Agreement is hereby amended by deleting “23 October 2009” from the second
sentence of that section and replacing it with “7 December 2009.”

    

    1.7           Section
12.4.  Section 12.4 is hereby deleted in its entirety and
replaced with the following:

    

    This
Agreement sets forth the Parties’ entire agreement and understandings relating
to the subject matter herein and merges and supersedes all prior agreements,
writings and understandings.  This Agreement (and any waiver of any
rights herefrom) shall not be amended or modified unless in a writing signed by
the Parties, and is intended by the Parties to be read in concert with the
contemplated operating agreements for the Operating Entity and Holding
Company.  To the extent that this Agreement and either or both of
such operating agreements conflict, due to the ongoing nature of such entities,
the operating agreements for each of the Operating Entity and Holding Company,
respectively, shall govern.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    2.           MISCELLANEOUS
PROVISIONS

    

    2.1           Effect of
Amendment.  Except as expressly amended hereby, the Agreement
is in all respects ratified and confirmed and all of the terms, conditions and
provisions thereof shall remain in full force and effect.

    

    2.2           Governing Law; Jurisdiction /
Venue.  This Amendment, as with the Agreement, will be
exclusively interpreted and enforced in a state court in Carson City, Nevada
under Nevada law (without reference to its choice of law rules).  The
Parties hereby consent to such venue, governing law and the jurisdiction of such
court.

    

    2.3.           Counterparts.  This
Amendment may be executed in any number of counterparts, each of which shall be
an original, but all of which together shall be deemed to constitute one
instrument.

    

    2.4.           Facsimile.  Executed
copies of this Amendment may be exchanged via facsimile and such signatures
shall be deemed as originals.

    

    IN WITNESS WHEREOF, this
Amendment is executed and appended to the Joint Venture Agreement effective as
of the date first written above.

     

    
      
        
          
            
              
                	
                        TRINITY
      ALPS RESOURCES, INC.:

                      	 
      	
                        AMERICAN
      SIERRA GOLD CORP.:

                      
	 
      	 
      	 
      
	
                        /s/ Patrick A. Fagen

                      	 	
                        /s/
      Johannes Petersen

                      
	
                        By:  Patrick
      A. Fagen

                        Its:   President

                      	 
      	
                        By:  Johannes
      Petersen

                        Its:  Chief
      Financial
Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]