Document:

exh101.htm

Exhibit 10.1

This Agreement made as of the 17th day of November, 2010 between Mary Kricfalusi, an individual resident at 186 Maurice Drive, Oakville, Ontario, Canada L6K 2W9 ("Mary K.") and Diamond Technologies Inc., a corporation incorporated in the State of Nevada, U.S.A., having its head office at 15 Allstate Parkway, Suite 600, Markham, Ontario, Canada L3R 5B4 ("DTI")

WITNESSETH THAT WHEREAS:

Mary K and DTI are parties to an employment contract dated as of the 15thday of April, 2010 (the "Mary K Employment Contract") pursuant to which certain amounts payable to Mary K remain unpaid (the "2010 Accrued Salary")

The books and records of DTI reflect certain additional amounts owing by DTI to Mary K including, without limitation, items marked as "due to officers and directors", "officers' compensation payable" and "due to shareholders" , (collectively the "Additional Obligations")

NOW, THEREFORE, in consideration of the mutual promises of the parties hereto as hereinafter set forth, and other good and valuable consideration, the receipt of which is acknowledged, the parties covenant and agree as follows:

1.  DTI agrees to pay Mary K as follows:

a)   Ten thousand United States Dollars (USD $10,000/-) forthwith upon the execution and delivery of this Agreement;

b)   Two thousand United States Dollars (USD$ 2,000) to be paid 10 days following the signing of  this agreement.

c)   Five thousand United States Dollars (USD$ 5,000/-) on the 14th'dayDecember 2010.

d)   Five thousand United States Dollars (USD$ 5,000/-) on the 14thday January 201l.

e)   Ten thousand United States Dollars (USD$ 10,000/-) on the 14thday February 201l.

f)   Ten thousand United States Dollars (USD$ 10,000/-) on the 14thday March 201l.

g)   Ten thousand United States Dollars (USD$ 10,000/-) on the 14thday April201l.

2.   Mary K Employment Contract is terminated effective immediately.

3.   Mary K resigns as Director and officer on the Board of DTI effective immediately.

4.   Mary K waives payment by DTI of the 2010 Accrued Salary and any severance or termination  payment associated with termination of the Mary K Employment Contract referred to in paragraph 2 above.

5.   Mary K also waives payment of the Additional Obligations.

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6.   Mary K releases and agrees to save harmless DTI from and against all liabilities, obligations; direct and indirect, of DTI to her, of every nature and kind, arising in any manner whatsoever up to the present, save and except for those expressed in this Agreement. DTI likewise releases and agrees to save harmless Mary K from and against all liabilities, obligations, direct and indirect, of  Mary K to DTI, of every nature and kind, arising in any manner whatsoever up to the present, save and except for those expressed in this Agreement.

7.   Mary K agrees to return the following items to DTI forthwith upon the execution and delivery of this Agreement.

	
A.

	
Minute Book of DTI

	
B.

	
Original documents of Incorporation.

	
C.

	
All original agreements, consulting agreements and engagement letters including that of Conrad.

	
D.

	
Register of share holders provided to Mary K by DTI's transfer agent.

	
E.

	
Details and contact information of the Stock transfer agents etc.,

	
F.

	
Mary K confirms that all accounting books receipts, invoices etc., are with DTI auditors M/s. Mallone and Bailey.

	
G.

	
Mary K confirms that all BANK STATEMENTS for 2008, 2009, and 2010 are with DTI's auditors M/s Mallone and Bailey.

	
H.

	
Mary K confirms that there was no Corporate Seal for the company

	
I.

	
Mary K confirms that all ACTUAL ACCOUNTANTS WORKSHEETS use to produce quarterly statements are with Tony de Luca.

	
J.

	
Mary K confirms that the old office of Printing Components / DTI in Hamilton, Ontario has been closed and the lease terminated. And the telephone line at the said old office has been disconnected.

	
K.

	
Mary K confirms that Diamond Technologies and Printing components email service and website have been termination as of November 2010.

	
L.

	
Mary K confirms that all property of DTI or Printing Components will be returned to DTI's corporate secretary, and that no copies of any documents will be retained.

8.    DTI agrees that it will not perform a "reverse stock split," at any time in the next three years. In the event the DTI performs a reverse stock split within three years of the date of this agreement, Mary K will have the option to maintain her ownership ratio as of the date of the reverse stock split for a period of six (6) months from the date of the reverse stock split. The mechanism by which Mary K may maintain her ownership ratio is that during the six (6) month period, at any time DTI issues more stock, Mary K will have the right and opportunity to purchase enough stock to maintain her ownership ratio under the same terms and price as those shares being issued by DTI. This right is not triggered by the exercise of any preexisting options or warrants during the six (6) month period. A reverse stock split is defined as any action to reduce the number of the DTI's shares held by all shareholders by some fixed ratio. The ownership ratio is defined as the ratio between the shares of stock owned by Mary K and the shares of stock outstanding.

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9.   If DTI does not continue with the filing of its S-1 or the same does not become effective within a reasonable time, DTI will file a registration statement enabling three million of Mary K's shares of DTI to become free trading within 30 days.

10.   Mary K is signing this Agreement in good faith.

11.   This Agreement is governed by the laws in force in the Province of Ontario, Canada.

IN WITNESS WHEREOF the parties hereto have signed and delivered this Agreement as of the day and year first above written.

 

 

 

	 DEBBIE PILLON 	 MARY KRICFALUSI
	 Debbie Pillon	 Mary Kricfalusi
	 Witness	 
	 	 Diamond Technologies Inc.
	 MARIO D’SOUZA	 
	 Mario D’Souza	 By:      JOHN CECIL
	 Witness 	             John Cecil

 

                                                      

                                                                                                                                                     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-3-exh102.htm

Exhibit 10.2

This Agreement made as of the 15th day of November, 2010 between Herb Adams, ("Adams") and Diamond Technologies Inc., a corporation incorporated in the State of Nevada, U.S.A., having its head office at Markham, Ontario, Canada L3R 5B4 ("DTI")

WITNESSETH THAT WHEREAS:

The books and records of DTI reflect certain amounts owing to by DTI to Adams (collectively the "Adams Obligations")

NOW, THEREFORE, in consideration of the mutual promises of the parties hereto as hereinafter set forth, and other good and valuable consideration, the receipt of which is acknowledged, the parties covenant and agree as follows:

1.  DTI agrees to pay Adams as follows:

a)  US$65,000/- to be satisfied by way of the issuance of two hundred and seventeen thousand (217.000) common shares of DTI at US$0.30 per share as soon as possible, of executing this agreement.

b)  Six thousand five hundred United States Dollars (USD $6,500/-) forthwith upon the execution and delivery of this Agreement and Four thousand United States Dollars (USD $4,000/-) after 90 days from the date of this agreement signed and delivered.

2.  Adams waives payment of the Adams Obligations.

3.  Adams releases and agrees to save harmless DTI from and against all liabilities, obligations, direct and indirect, of DTI to him, of every nature and kind, arising in any manner whatsoever up to the present, save and except for those expressed in this Agreement. DTI likewise releases and agrees to save harmless Adams from and against all liabilities, obligations, direct and indirect, of Adams to DTI, of every nature and kind, arising in any manner whatsoever up to the present, save and except for those expressed in this Agreement.

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4.   Adams confirms that all property of DTI and Printing Components Inc. in his possession or available to him will be returned to DTI's corporate secretary, and that no copies of any such documents will be retained.

5.   If DTI does not continue with the filing of its S-l or the same does not become effective within a  reasonable time, DTI will file a registration statement enabling three million shares of Herb Adams shares of DTI to become free trading.

6.    Adams acknowledges that he had obtained independent legal advice prior to the execution and delivery of this Agreement and has entered into the same with full knowledge of its contents and the consequences thereo£

7.  This Agreement is governed by the laws in force in the Province of Ontario, Canada.

IN WITNESS WHEREOF the parties hereto have signed and delivered this Agreement as of the day and year first above written.

	
MARIO D’SOUZA

	
HERB ADAMS

	
Mario D’Souza

	
Herb Adams

	
Witness

	  
	  	  
	  	
Diamond Technologies Inc.

	
LAURA PIPITONE

	  
	
Laura Pipitone

	
By:         JOHN CECIL

	
Witness

	
  John Cecil

-2-ex10_boa-loc.htm

Exhibit 10.1

AMENDMENT NO. 3 TO LOAN DOCUMENTS

This Amendment No. 3 to Loan Documents (this "Amendment") dated as of November 19, 2010, is between BANK OF AMERICA, N.A. (the "Lender") and HIBBETT SPORTS, INC. (the "Borrower").

RECITALS

A. The Borrower has executed various documents concerning credit extended by the Lender, including, without limitation, the following documents (the “Loan Documents”):

1.           A certain letter agreement dated January 29, 2008 between the Borrower and the Lender, as amended by Amendment No. 1 to Loan Documents dated as of November 20, 2008 and Amendment No. 2 to Loan Documents dated as of November 20, 2009 (collectively, the "Letter Agreement").

2.           A certain Demand Note dated February 4, 2008 in the original principal amount of $50,000,000.00 executed by the Borrower in favor of the Lender, as amended by Amendment No. 1 to Loan Documents dated as of November 20, 2008 and Amendment No. 2 to Loan Documents dated as of November 20, 2009 (collectively, the "Note”).

B.  The Lender and the Borrower desire to amend the Loan Documents as set forth herein.

NOW, THEREFORE, for TEN DOLLARS ($10.00) in hand paid and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

1.  Definitions.  Capitalized terms used but not defined in this Amendment shall have the meaning given to them in the Loan Documents.

2.  Amendments to Letter Agreement.  The Letter Agreement is hereby amended as follows:

(a)           by deleting “November 19, 2010” as the Expiration Date and substituting in lieu thereof “November 18, 2011”.

(b)           by deleting the section entitled “Documentation” and substituting in lieu thereof the following:

 

	
  

	
“Documentation:

	
The Loans shall be evidenced by that certain Demand Note dated February 4, 2008 executed by Borrower in favor of Lender, as amended by Amendment No. 1 to Loan Documents dated as of November 20, 2008, Amendment No. 2 to Loan Documents dated as of November 20, 2009 and Amendment No. 3 to Loan Documents dated as of November 19, 2010 (as it may be further amended or modified from time to time, the “Note”).  The Borrower shall execute and deliver to the Lender such other documents as the Lender may reasonably request from time to time.”

 

  

  

  

3.           Amendments to Note.  The Note is hereby amended as follows:

(a)           by deleting “November 19, 2010” from the 3rd paragraph and substituting in lieu thereof “November 18, 2011”.

4.  Representations and Warranties.  When the Borrower signs this Amendment, the Borrower represents and warrants to the Lender that:  (a) this Amendment is within the Borrower 's powers, has been duly authorized, does not conflict with any of the Borrower’s organizational papers and is the legal, valid and binding obligation of the Borrower enforceable against it in accordance with its terms, and (b) that the person or persons executing this Amendment on behalf of the Borrower are duly appointed officers or other representatives of the Borrower with authority to execute and deliver this Amendment on behalf of the Borrower.

5.  Conditions.  This Amendment will be effective when each of the following conditions shall have been satisfied, as determined by the Lender in its sole discretion and the Lender shall have accepted this Amendment (notice of which acceptance is hereby waived by the Borrower).

(a)           The Lender has received evidence that the execution, delivery and performance by the Borrower of this Amendment and any instrument or agreement required under this Amendment have been duly authorized.

(b)           This Amendment has been executed by the Borrower and the Lender.

6.           Effect of Amendment; References.

(a)           Except as expressly amended hereby, all of the terms and conditions of the Loan Documents shall remain unchanged and in full force and effect and the Borrower hereby reaffirms its obligations under the Loan Documents to which it is a party as amended by this Amendment, without defense, right of set off or recoupment, claim or counterclaim of any kind or nature (and to the extent there exists any such defense, right of set off or recoupment, claim or counterclaim on the date hereof, the same is hereby forever released, discharged and waived by the Borrower).

(b)           This Amendment (i) is limited precisely as specified herein and does not constitute nor shall be deemed to constitute a modification, acceptance or waiver of any other provision of the Loan Documents, (ii) is not intended to be, nor shall it be construed to create, a novation or an accord and satisfaction of any obligation or liability of the Borrower under the Loan Documents, and (iii) shall not prejudice or be deemed to prejudice any rights or remedies the Lender may now have or may in the future have under or in connection with the Loan Documents.

(c)           All references in any Loan Document to any other Loan Document amended hereby shall be deemed to be a reference to such Loan Document as amended by this Amendment.

7.           Miscellaneous

(a).           This Amendment shall be governed by and construed in accordance with the laws of the state provided in the Loan Documents.

(b)           This Amendment may be executed in counterparts, each of which when so executed shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed signature page of this Amendment by facsimile or electronic transmission shall be effective as a delivery of a manually executed counterpart thereof.

  

  

  

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed under seal and delivered by their respective duly authorized representatives on the date first written above.

	  	
BANK OF AMERICA, N.A.

	  	  	  
	  	
By:

	
/s/ David B. Jackson

	  	
Name:

	
David B. Jackson

	  	
Title:

	
Senior Vice President

	  	  	  
	  	  	  
	  	
HIBBETT SPORTS, INC.

	  	
By:

	
/s/ Gary A. Smith

	  	
Name:

	
Gary A. Smith

	  	
Title:

	
Senior Vice President and CFO

End of Exhibit 10.1

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