Document:

DEBT
SETTLMENT AGREEMENT

 

This
Debt Settlement Agreement (hereinafter referred to as this “Agreement”) is made and dated as of the 23rd
day of October, 2017.

 

BETWEEN:

 

37
Capital Inc., of

Suite
400 – 570 Granville Street

Vancouver,
BC V6C 3P1

 

(hereinafter
referred to as “37 Capital”)

 

AND:

 

Jackpot
Digital Inc., of

Suite
400 – 570 Granville Street

Vancouver,
BC V6C 3P1

 

(hereinafter
referred to as “Jackpot”)

 

 

WHEREAS
pursuant to the Agreement for Office Support Services dated May 1, 2013 between Las Vegas From Home.com Entertainment Inc.(now
known as Jackpot Digital Inc.”) and High 5 Ventures Inc. (now known as 37 Capital Inc.), 37 Capital owes the sum of $382,498.65
to Jackpot for the period from August 1, 2014 up to September 30, 2017 (the “37 Capital Debt”).

 

WHEREAS
37 Capital has offered to Jackpot, and Jackpot has accepted and agreed that 37 Capital shall pay to Jackpot through the issuance
of 4,249,985 units of 37 Capital at a deemed price of $0.09 per unit, as full and final settlement of the 37 Capital Debt. Each
unit shall consist of one common share one share purchase warrant. Each share purchase warrant shall be exercisable at a price
of $0.12 per share for a period of five years.

 

The
parties hereto agree as follows:

 

		1.	This
                                         Agreement shall be subject to the acceptance of the Canadian Securities Exchange (“CSE”)
                                         for the listing of the 4,249,984 units of 37 Capital on the CSE;

 

		2.	37
                                         Capital shall issue to Jackpot through the issuance of 4,249,985 units of 37 Capital
                                         at a deemed price of $0.09 per unit, as full and final settlement of the 37 Capital Debt;

 

		3.	The
                                         4,249,985 units of 37 Capital that shall be issued to Jackpot will be subject to four
                                         months and a day hold period in accordance with applicable Canadian securities laws;

 

		4.	This
                                         Agreement will be governed by and construed in accordance with the laws of the Province
                                         of British Columbia, Canada, and the parties hereto attorn to the exclusive jurisdiction
                                         of the courts of British Columbia, Canada to entertain all conflicts, disputes, claims
                                         and/or actions that may arise out of this Agreement;

 

and,

 

		5.	This
                                         Agreement represents the full understanding between the parties hereto and there are
                                         no other representations and/or agreements, oral or written between the parties hereto,
                                         and that this Agreement may not be modified without an agreement in writing signed by
                                         all the parties hereto.

 

Agreed
this 23rd day of October, 2017.

 

	37 CAPITAL INC.	 	JACKPOT DIGITAL INC.
	 	 	 
	PER:	 	PER:
	 	 	 
	/s/ Neil Spellman	 	/s/ Jake H. Kalpakian
	Neil Spellman	 	Jake H. KalpakianDEBT
SETTLMENT AGREEMENT

 

This
Debt Settlement Agreement (hereinafter referred to as this “Agreement”) is made and dated as of the 23rd
day of October, 2017.

 

BETWEEN:

 

37
Capital Inc., of

Suite
400 – 570 Granville Street

Vancouver,
BC V6C 3P1

 

(hereinafter
referred to as “37 Capital”)

 

AND:

 

Kalpakian
Bros of BC Ltd., of

c/o
Suite 400 – 570 Granville Street

Vancouver,
BC V6C 3P1

 

(hereinafter
referred to as “KBros.”)

 

 

WHEREAS
pursuant to the Management Services Agreement between 37, Jacob H. Kalpakian, Bedo H. Kalpakian and KBros. dated November 1, 2001,
as amended, 37 Capital owes the sum of $15,750 to KBros. for the period from May 1, 2016 up to July 31, 2016 (the “37 Capital
Debt”).

 

WHEREAS
37 Capital has offered to KBros., and KBros. has accepted and agreed that 37 Capital shall pay to KBros. through the issuance
of 175,000 units of 37 Capital at a deemed price of $0.09 per unit, as full and final settlement of the 37 Capital Debt. Each
unit shall consist of one common share one share purchase warrant. Each share purchase warrant shall be exercisable at a price
of $0.12 per share for a period of five years.

 

The
parties hereto agree as follows:

 

		1.	This
                                         Agreement shall be subject to acceptance of the the Canadian Securities Exchange (“CSE”)
                                         for the listing of the 175,000 units of 37 Capital on the CSE;

 

		2.	37
                                         Capital shall issue to KBros. through the issuance of 175,000 units of 37 Capital at
                                         a deemed price of $0.09 per unit, as full and final settlement of the 37 Capital Debt;

 

		3.	The
                                         175,000 units of 37 Capital that shall be issued to KBros. will be subject to four months
                                         and a day hold period in accordance with applicable Canadian securities laws;

 

		4.	This
                                         Agreement will be governed by and construed in accordance with the laws of the Province
                                         of British Columbia, Canada, and the parties hereto attorn to the exclusive jurisdiction
                                         of the courts of British Columbia, Canada to entertain all conflicts, disputes, claims
                                         and/or actions that may arise out of this Agreement;

 

and,

 

		5.	This
                                         Agreement represents the full understanding between the parties hereto and there are
                                         no other representations and/or agreements, oral or written between the parties hereto,
                                         and that this Agreement may not be modified without an agreement in writing signed by
                                         all the parties hereto.

 

 

Agreed
this 23rd day of October, 2017.

 

	37 CAPITAL INC.	 	KALPAKIAN BROS. OF B.C. LTD.
	 	 	 
	PER:	 	PER:
	 	 	 
	/s/ Neil Spellman	 	/s/ Bedo H. Kalpakian
	Neil Spellman	 	Jake H. KalpakianEX-10.1

 Exhibit 10.1 
  

			
	

	 	 CB&I

One CB&I Plaza
 2103 Research
Forest Drive
 The Woodlands, TX 77380

USA
 Tel: +1 832513 1000

Fax: +1 832513 1005

www.CBIepc.com

 May 9, 2018 
 Patrick
Mullen 
 One CB&I Plaza 
 2103 Research Forest Drive 

The Woodlands, TX 77380 
 Dear Pat: 

This letter agreement (this “Letter”) confirms the terms of your continued employment with Chicago Bridge & Iron Company N.V. (the
“Company”) following the completion of the Company’s anticipated combination with McDermott International, Inc. (“McDermott”) pursuant to the business combination agreement (the “BCA”), dated
as of December 18, 2017, as amended on January 24, 2018, by and among the Company, McDermott International, Inc. and certain other parties. 
  

	1.	Title; Reporting. Following the completion of the transactions contemplated by the BCA (the “Closing”), your title will be Executive Advisor and you will report to the Chief Executive Officer of
McDermott. In addition, you will be a member of the combined company’s Integration Steering Committee. The parties expect that you will remain in these roles until on or about June 6, 2018. 

 

	2.	Compensation and Benefits. Your annual rate of base salary will be $1,133,000 and your target annual bonus opportunity will be 130% of your annual rate of base salary. At all times during your employment
following the Closing, you will be entitled to receive perquisites provided at the same level and on the same terms as such perquisites are provided to you as of the date of this Letter, including, without limitation, personal use of corporate
aircraft, country club fees, car allowance, financial planning services, and an annual executive physical for you and your spouse. 

  

	3.	Change in Control Agreement. Following the Closing, your Change of Control Severance Agreement by and between you, the Company and Chicago Bridge & Iron Company (Delaware), dated as of October 22,
2013 (the “CIC Agreement”), will remain in full force and effect. In addition, as of the Closing, your cash severance rights (including without limitation the cash severance rights set forth in Sections 5.1(b), 5.1(d), and 5.1(e) of
the CIC Agreement) will become fully vested and non-forfeitable. Upon your resignation from or termination of employment for any reason following the Closing, such vested cash severance rights will be paid to
you at the times specified in your CIC Agreement and in accordance with any applicable tax requirements. All other rights under your CIC Agreement will remain in full force and effect, without modification. 

Engineering  ●  Procurement  ●  Construction Since 7889

 

 
  

	4.	Indemnification. In addition to any rights to indemnification to which you are entitled under the BCA, the Company will provide you with customary indemnification rights for your service as a senior executive
officer, including without limitation, coverage under the Company’s or its successor’s D&O policy. 

  

	5.	2018 RSU Award. On February 14, 2018, you were granted 352,113 restricted stock units relating to shares of the Company’s common stock (the “2018 RSU Award”). Your 2018 RSU Award will
vest in full upon your termination without Cause (as defined in the CIC Agreement) or your resignation with good reason (as defined in the CIC Agreement) or upon your death or disability. For the avoidance of doubt, you will have Good Reason upon
the Closing when you cease to be the Chief Executive Officer of the combined company. 

  

	6.	Miscellaneous. This letter may not be amended or modified except by an agreement in writing signed by you and the Company. This letter will be binding upon any successor of the Company or its businesses (whether
direct or indirect, by purchase, merger, consolidation, or otherwise), in the same manner and to the same extent that the Company would be obligated under this letter if no succession had taken place. The term “Company,” as used in this
letter, will mean the Company as defined above and any successor or assignee to the business or assets that by reason hereof becomes bound by this letter. This letter will be governed by, and construed in accordance with, the laws of the State of
Texas without reference to conflict of law rules. All benefits hereunder are subject to withholding for applicable income and payroll taxes or otherwise as required by law. 

[Signature Page Follows] 

  
 2 

 

 
  

	
	Sincerely,
	
	Chicago Bridge & Iron Company N.V.
	
	 /s/ Kirsten B. David

	Kirsten B. David
	Executive Vice President and Chief Legal Officer

  

	
	Acknowledged and Agreed
	
	 /s/ Patrick K. Mullen

	Patrick K. Mullen

  
 [Signature Page
to Patrick K. Mullen Letter Agreement]

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