Document:

Exhibit 10.7

 

 

Subscription Agreement

 

1. Investment:

 

	(a)  	The undersigned (“Buyer”) subscribes for _________ Shares of Common Stock of Celexus, Inc. at $1.00 per share.

 

	(b)  	Total subscription price ($1.00 times number of Shares): = $____________

 

PLEASE MAKE CHECKS PAYABLE TO: Celexus, Inc.

 

2. Investor Information:

 

	 	 	 	 	 	 	 	 	 	 	 	 
	Name (type or print)	 	SSN/EIN/Taxpayer I.D.
	 	 	 
	 	 	 
	 	 	 
	E-mail address:	 	 
	 	 	 
	Address:	 	 
	 	 	 
	Joint Name (type or print)	 	SSN/EIN/Taxpayer I.D.
	 	 	 
	 	 	 
	 	 	 
	E-mail address:	 	 
	 	 	 
	Address:	 	 
	 	 	 
	Mailing Address (if different from above):	 	 
	 	Street	City/State	Zip
	 	 	 
	Business Phone: (_____) ________________________	 	Home Phone: (_____) _________________________

 

3. Type of ownership:  (You must check one box)

 

     .Individual
        .Custodian
for  ________________________

     .Tenants
in Common         .
Uniform Gifts to Minors Act of the State of: ___________

     .Corporation
(Inc., LLC, LP) - Please Attach a List all officers, directors, partners, managers, etc.:

     .Joint
Tenants with rights of Survivorship

     .Partnership
(Limited Partnerships use “Corporation”)

     .Trust

     .Community
Property

     .Other
(please explain)  ______________________________

 

4.  Further Representations, Warrants and Covenants. Buyer
hereby represents, warrants, covenants and agrees as follows:

 

    	 	1	 

     

    

 

 

	(a)  Buyer is at least eighteen (18) years of age with an address as set forth in this Subscription Agreement.

 

	(b)  Except as set forth in the Prospectus and the exhibits thereto, no representations or warranties, oral or otherwise, have been made to Buyer by the Company or any other person, whether or not associated with the Company or this offering.  In entering into this transaction, Buyer is not relying upon any information, other than that contained in the Prospectus and the exhibits thereto and the results of any independent investigation conducted by Buyer at Buyer’s sole discretion and judgment.

 

	(c)  Buyer understands that his or her investment in the Shares is speculative and involves a high degree of risk, and is not recommended for any person who cannot afford a total loss of the investment.  Buyer is able to bear the economic risks of an investment in the Offering and at the present time can afford a complete loss of such investment.

 

 

	(d)  Buyer is under no legal disability nor is Buyer subject to any order, which would prevent or interfere with Buyer’s execution, delivery and performance of this Subscription Agreement or his or her purchase of the Shares.  The Shares are being purchased solely for Buyer’s own account and not for the account of others and for investment purposes only, and are not being purchased with a view to or for the transfer, assignment, resale or distribution thereof, in whole or part.  Buyer has no present plans to enter into any contract, undertaking, agreement or arrangement with respect to the transfer, assignment, resale or distribution of any of the Shares.

 

	(e)   Buyer has (i) adequate means of providing for his or her current financial needs and possible personal contingencies, and no present need for liquidity of the investment in the Shares, and (ii) a liquid net worth (that is, net worth exclusive of a primary residence, the furniture and furnishings thereof, and automobiles) which is sufficient to enable Buyer to hold the Shares indefinitely.

 

	(f)   If the Buyer is acting without a Purchaser Representative, Buyer has such knowledge and experience in financial and business matters that Buyer is fully capable of evaluating the risks and merits of an investment in the Offering.

 

	(g)  Buyer has been furnished with the Prospectus.  Buyer understands that Buyer shall be required to bear all personal expenses incurred in connection with his or her purchase of the Shares, including without limitation, any fees which may be payable to any accountants, attorneys or any other persons consulted by Buyer in connection with his or her investment in the Offering.

 

5. Indemnification

 

Buyer acknowledges an understanding
of the meaning of the legal consequences of Buyer’s representations and warranties contained in this Subscription Agreement
and the effect of his or her signature and execution of this Agreement, and Buyer hereby agrees to indemnify and hold the Company
and each of its officers and/or directors, representatives, agents or employees, harmless from and against any and all losses,
damages, expenses or liabilities due to, or arising out of, a breach of any representation, warranty or agreement of or by Buyer
contained in this Subscription Agreement.

 

6. Acceptance of Subscription

 

It is understood that this
subscription is not binding upon the Company until accepted by the Company, and that the Company has the right to accept or reject
this subscription, in whole or in part, in its sole and complete discretion.  If this subscription is rejected in whole, the
Company shall return to Buyer, without interest, the Payment tendered by Buyer, in which case the Company and Buyer shall have
no further obligation to each other hereunder.  In the event of a partial rejection of this subscription, Buyer’s Payment
will be returned to Buyer without interest, whereupon Buyer agrees to deliver a new payment in the amount of the purchase price
for the number of Shares to be purchased hereunder following a partial rejection of this subscription.

 

    	 	2	 

     

    

 

7.. Governing Law

 

            This
Subscription Agreement shall be governed and construed in all respects in accordance with the laws of the State of Nevada without
giving effect to any conflict of laws or choice of law rules.

 

IN WITNESS WHEREOF, this Subscription Agreement has been executed
and delivered by the Buyer and by the Company on the respective dates set forth below.

 

	 	 	 
	Signature of Buyer	 	Investor’s Subscription
	 	 	Accepted this_____ day of  ________, 2019
	 	 	 
	Printed Name	 	Celexus, Inc.
	 	 	 
	 	 	 
	Date:	 	Accepted by:  
	 	 	 
	 	 	 

 

Deliver completed subscription agreements and checks to:

Celexus, Inc.

8275 S. Eastern Ave. Suite 200

Las Vegas, NV 89123 

 

 

    	 	3pkg-ex101_125.htm

Exhibit 10.1

 

Packaging Corporation of America

Amended and Restated 1999 Long-Term Equity Incentive Plan

Executive Officer Restricted Stock Award Agreement

 

By this agreement, Packaging Corporation of America (“PCA” or the “Company”) grants to EMPLOYEE NAME the following restricted shares of the Company’s common stock, $.01 par value, subject to the terms and conditions set forth below, in the attached Plan Prospectus, and in the Amended and Restated 1999 Long-Term Equity Incentive Plan, as may from time to time be amended and/or restated (the “Plan”), all of which are an integral part of this Agreement. A copy of the Amended and Restated 1999 Long-Term Equity Incentive Plan may be obtained from the Company upon request.  Capitalized terms used and not defined herein have the meanings given to them in the Plan.

 

	
Grant Date:  
	
  June 28, 2019
	
 

	
Number of Restricted Shares Awarded:  
	
  XXX Shares
	
 

	
Fair Market Value at Grant:  
	
  $XXX
	
 

	
Restriction Expires: 
	
  June 28, 2023
	
 

 

The shares of restricted stock granted under the Plan will be held in escrow by the Company on the participant’s behalf during any period of restriction and will bear an appropriate legend specifying the applicable restrictions thereon, and, if requested, the participant will be required to execute a blank stock power therefor. During the period of restriction the participant shall have all of the rights of a holder of Common Stock, including but not limited to the rights to receive dividends and to vote, and any stock or other securities received as a distribution with respect to such participant’s restricted stock shall be subject to the same restrictions as then in effect for the restricted stock.

 

This award is further subject to the Company’s compensation recovery policy in effect from time to time.

 

Except as otherwise provided by the Board of Directors or the Compensation Committee of the Board of Directors:

 

	
 
	
(1)
	
at such time as a Participant ceases to be a director, officer, or employee of, or to otherwise perform services for, the Company and its Subsidiaries due to death or Disability, during any period of restriction, all restrictions on the shares granted to the Participant shall lapse;

 

	
 
	
(2)
	
at such time as a Participant ceases to be, or in the event a participant does not become, a director, officer, or employee of, or otherwise perform services for, the Company or its Subsidiaries for any other reason, all shares of restricted stock granted to such Participant on which the restrictions have not lapsed shall be immediately forfeited to the Company.

 

If a Change in Control occurs prior to the fourth anniversary of the Date of Grant, then all restrictions on the shares granted to the Participant will lapse on the date of such Change in Control.  Notwithstanding the foregoing, the restrictions will not lapse upon a Change in Control if an award meeting the following requirements (the “Replacement Award”) is provided in substitution hereof:  

 

	
 
	
(i)
	
it relates to equity securities of the Company or its successor following the Change in Control or another entity that is affiliated with the Company or its successor following the Change in Control and such equity securities are publicly traded and registered under the Securities Exchange Act of 1934;  

 

	
 
	
(ii)
	
it has a value at least equal to the value of this award as of the date of the Change in Control as determined by the Committee; 

 

	
 
	
(iii)
	
it does not contain any performance goals and vesting is subject only to continued service with the Company or its successor following the Change in Control through the fourth anniversary of the original Grant Date.  

 

	
 
	
(iv)
	
its forfeiture provisions, transfer restrictions and any other restrictions lapse upon the fourth anniversary of the original Grant Date; provided, however, that such restrictions will lapse, and the shares will fully vest, if within two years after the date of the Change in Control, the Participant’s employment is terminated by the Company without Cause or the Participant resigns for Good Reason; and

 

	
 
	
(v)
	
the terms and conditions of the Replacement Award with respect to dividends and a subsequent change in control are not less favorable to the Participant than the terms and conditions of this award. 

 

Without limiting the generality of the foregoing, the Replacement Award may take the form of a continuation of this award or such other form approved by the Committee provided that the preceding requirements of this subsection are satisfied. The determination of whether the requirements are satisfied shall be made by the Committee, as constituted immediately prior to the Change in Control, in its sole discretion. In the event of a Change in Control, Participant agrees to accept a Replacement Award meeting the above conditions in substitution of this award.

 

"Good Reason" means:  (i) a change in the Participant’s job title or position, which results in a material diminution in authority, duties or responsibilities; (ii) any material breach of this agreement by the Company of any material obligation of the Company for the payment or provision of compensation or other benefits to the Participant; (iii) a material diminution in Participant’s compensation or a failure by the Company to provide an arrangement for the Participant for any fiscal year of the Company giving the Participant the opportunity to earn an incentive award for such year; or (iv) the Company requires Participant to materially change the location of Participant’s principal office; provided such new location is one in excess of 35 miles from the location of Participant’s principal office before such change.  

 

Please indicate your acceptance of this Agreement by signing in the space provided below and returning this page to Halane Young, Executive Director, Compensation & HR Systems, located in Lake Forest.

 

	
Accepted and Agreed:
	
 
	
 
	
 
	
Packaging Corporation of America

	
 
	
 
	
 
	
 
	
BY:

	
 
	
 
	
 
	
 
	

	
EMPLOYEE NAME
	
 
	
Date
	
 
	
Kent Pflederer

Senior Vice President, General Counsel and Secretary

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