Document:

ex10-1.htm

    Exhibit
10.1

    PROMISSORY
NOTE

    

    

    
      	
              $10,150.00

            	
              October
      7, 2008

            
	 
      	
              Austin,
      Texas

            
	 
      	 
      

    

    FOR VALUE, the receipt and
sufficiency of which are hereby acknowledged, Restaurant Concepts of America, a
Nevada company referred to as (“Borrower”), promises to pay to David Cho
(“Lender”), or order, at Austin, Texas, or as otherwise instructed, the
principal sum of ten thousand one hundred fifty dollars ($10,150.00) in lawful
tender of the United States, together with simple interest thereon at an annual
interest rate of eight percent (8%).

    

    Terms of
Repayment.  This Promissory Note shall become due and payable
together will all accrued interest on October 7, 2009.

    

    Default.  Any
one or more of the following events shall constitute a Default under the terms
of this Note:

    

    
      
        	
                 
      

              	
                1)

              	
                Borrower
      fail to make timely payment when due.

              
	 	 	 

      

    

    
      
        	
                 
      

              	
                2)

              	
                Borrower
      breaches an agreement or promise made to Lender, or fails to timely
      perform any obligation owing to Lender

              
	 	 	 

      

    

    
      
        	
                 
      

              	
                3)

              	
                Borrower
      makes any representation or statement to Lender that is false or
      misleading in any material manner.

              
	 	 	 

      

    

    
      	
               
      

            	
              4)

            	
              Borrower
      becomes insolvent, or a receiver is appointed for any part of all of
      Borrower’s property, of Borrower makes an assignment for the benefit of
      creditors, or any proceeding is brought either by Borrower of against
      Borrower under any Bankruptcy or insolvency
  laws.

            

    

    

    In the
event of any default as described herein, Lender, without further protest,
presentment or notice, may declare all sums due and payable, together with any
interest then due.

    

    Waiver.  Forbearance
of any payment due of modification of any term of this Note by Lender in any
manner shall not be deemed nor construed as a waiver of any other rights in
favor of Lender under the terms of this Notice.

    

    Legal.  This
Note shall be construed in accordance with the laws of that State of Texas,
which shall be the choice of jurisdiction and venue for purposes of enforcement
of this Note.  If any action is brought to enforce any provision or
collect on this Note, the prevailing party shall be entitled to reimbursement
for all reasonable attorney’s fees and costs, in addition to any other relief to
which that party may be entitled.

    

    
      	 
      	
              Restaurant
      Concepts of America

            
	 
      	 
      
	 
      	 
      
	 
      	
              By:
      /s/ David
    Cho

            
	 
      	
                     David
      Cho - President / CEOex10_1.htm

    
      EXHIBIT
10.1

       

      Notice
of Grant of Restricted Stock Units Award Agreement

      

      
        
          

        

      

      
        	
                Employee

              	
                RSU
      Number:

              	
                [number]

              
	
                [Name]

              	
                Plan:

              	
                2005

              

      

      
        
          

        

      

      

      Effective
[grant date], you have been granted an award of [number] restricted stock
units.  The initial value of this award is $[value].

      

      Each
restricted stock unit represents a right to a future payment equal to one share
of The Brink’s Company common stock.  Such payment will be made in
shares of The Brink’s Company common stock.

      

      Subject
to your continued employment by the Company or one of its subsidiaries as of the
relevant settlement date (unless otherwise provided under the terms and
conditions of the Plan or this Award Agreement) you shall be entitled to receive
(and the Company shall deliver to you) within 75 days following the relevant
settlement date set forth below, the number of Shares underlying this award
scheduled to be settled as of such date as set forth below:

      

      
        
          	
                  Shares

                	
                  Settlement

                
	
                  [number]

                	
                  [Date]

                
	
                  [number]

                	
                  [Date]

                
	
                  [number]

                	
                  [Date]

                

        

      

      

      Additional
terms and conditions applying to this grant are contained on pages two through
five of this Award Agreement and the Plan.  Capitalized terms used
herein and not otherwise defined shall have the meanings ascribed to such terms
in the Plan.

       

      
        
          

        

      

       

      By your
signature and the authorized Company signature below and on page six of this
Award Agreement, you and the Company agree that this award is granted under and
governed by the terms and conditions of The Brink’s Company 2005 Equity
Incentive Plan as amended (receipt of a copy of which is hereby acknowledged),
as well as this Award Agreement, all of which are incorporated as a part of this
document.

       

      
        

      

       

       

      
        
          
            
              
                	 
      	 
      	 
      
	
                        The
      Brink’s Company

                      	 
      	
                        Date

                      
	
                         
      

                         

                      	 
      	 
      
	
                        Employee

                      	 
      	
                        Date

                      

              

            

          

        

      

      

      
        
           

        

        
          Page
1

          
            

          

        

        
           

        

      

      

      Restricted
Stock Units Award Agreement

      

      This AWARD AGREEMENT dated as of
[date], is between The Brink’s Company, a Virginia corporation (the “Company”),
and the employee identified on page one of this Award Agreement (the
“Employee”), an employee of the Company or of a subsidiary of the
Company.

      

      By resolution dated on the date of this
Award Agreement, the Compensation and Benefits Committee (the “Committee”) of
the Company’s Board of Directors, acting pursuant to The Brink’s Company 2005
Equity Incentive Plan as amended (the “Plan”), a copy of which Plan has
heretofore been furnished to the Employee, as a matter of separate inducement
and agreement in connection with the employment of the Employee by the Company
or any of its subsidiaries, and not in lieu of any salary or other compensation
for the Employee’s services, granted to the Employee a restricted stock units
award as set forth on page one of this Award Agreement.

      

      Accordingly,
the parties hereto agree as follows:

      

      1.  Subject
to all the terms and conditions of the Plan, the Employee is granted the
restricted stock units award (the “Award”) as set forth on page one of this
Award Agreement.

      

      2.  Subject
to the Employee’s continued employment by the Company or one of its subsidiaries
as of the relevant settlement date (unless otherwise provided under the terms
and conditions of the Plan or this Award Agreement), the Employee shall be
entitled to receive (and the Company shall deliver to the Employee) within 75
days following the relevant settlement date set forth on page one of this Award
Agreement (or, if applicable, within 75 days following the settlement date set
forth in paragraph 3(a) of this Award Agreement or Section 12(g) of the Plan),
the number of Shares underlying this Award scheduled to be settled on such date
as set forth on page one of this Award Agreement (or such paragraph 3(a) or
Section 12(g)).

      

      3.  If
the Employee shall cease to be an employee of the Company or an
Affiliate:

      

      (a)         if
termination of employment is by reason of the Employee’s death or permanent and
total disability, any portion of the Award as to which the settlement date has
not theretofore occurred shall be fully settled (and delivered subject to the
time periods specified in paragraph 2 above) as of the date of such termination
of employment;

       

      (b)         if
termination of employment is by reason of Retirement, as defined below, any
portion of the Award as to which the settlement date has not theretofore
occurred shall remain outstanding and be settled on the applicable dates as
specified in paragraph 2

       

      
        
           

        

        
          Page
2

          
            

          

        

        
           

        

      

      of this
Award Agreement or Section 12(g) of the Plan (as supplemented by paragraph 6 of
this Award Agreement), as applicable;

       

      (c)         if
termination of employment is by reason other than as provided in paragraph 3(a)
or 3(b) above, any portion of the Award as to which the settlement date has not
theretofore occurred shall be canceled as of the date of such termination of
employment and shall have no further force or effect.

       

      (d)         For
purposes hereof, “Retirement” shall mean the termination of an Employee’s
employment on or after the date on which the Employee has (i) attained age 65
and completed at least five years of service with the Company or any of its
Subsidiaries or (ii) attained age 55 and completed at least ten years of service
with the Company or any of its Subsidiaries; provided that the Employee’s
employment is not terminated for Cause.  For purposes hereof, “Cause”
shall mean (i) embezzlement, theft or misappropriation by the Employee of any
property of the Company, (ii) the Employee’s willful breach of any fiduciary
duty to the Company, (iii) the Employee’s willful failure or refusal to comply
with laws or regulations applicable to the Company and its business or the
policies of the Company governing the conduct of its employees, (iv) the
Employee’s gross incompetence in the performance of the Employee’s job duties,
(v) commission by the Employee of a felony or of any crime involving moral
turpitude, fraud or misrepresentation, (vi) the failure of the Employee to
perform duties consistent with a commercially reasonable standard of care or
(vii) any gross negligence or willful misconduct of the Employee resulting in a
loss to the Company.

       

      4.  The
Shares underlying the Award, until and unless delivered to the Employee, do not
represent an equity interest in the Company and carry no dividend or voting
rights.  The Employee will not have any rights of a shareholder with
respect to the Shares underlying the Award until the Shares have been properly
delivered to the Employee in accordance with this Award
Agreement.  For the avoidance of doubt, no dividend equivalents will
be paid on restricted stock units comprised in this Award.

      

      5.  In
accordance with Section 14(b) of the Plan, if the Employee hereunder is subject
to the income tax laws of the United States of America, the Company shall
withhold from the payment to the Employee a sufficient number of shares to
provide for the payment of any taxes required to be withheld by federal, state
or local law with respect to income resulting from such payment.

      

      6.  (a)
In the event of a Change in Control, this paragraph 6 shall apply and shall
supersede the provisions of Section 12(g) of the Plan to the extent inconsistent
therewith.  If at the time of such Change in Control, (i) the Employee
is eligible for Retirement, as defined in paragraph 3(d), and (ii) the
transaction(s) constituting such Change in Control do not constitute a change in
the ownership or effective control of a corporation, or change in the ownership
of a substantial portion of the assets of a corporation, as such terms are
defined for purposes of Section 409A of the Code, any portion of the Award
as

      
        
           

        

        
          Page
3

          
            

          

        

        
           

        

      

      to which
the settlement date has not theretofore occurred shall remain outstanding and be
settled on the applicable dates as specified in paragraph 2.

      

      (b)           If
the provisions of paragraph 6(a) are invoked such that a Change in Control
occurs and any portion of this Award continues to be outstanding thereafter, the
value of the restricted stock units granted hereunder that remain outstanding
shall be determined based on the value per common share of the Company implied
by the Change in Control transaction and such value shall be paid in cash
without interest on the applicable settlement date for such restricted stock
units, as specified in paragraph 2.

      

      7.  The
Award is not transferable by the Employee otherwise than by will or by the laws
of descent and distribution.

      

      8.  The
provisions of this paragraph 8 shall apply notwithstanding any provision in this
Award Agreement or the Plan to the contrary.

      

      (a)           It
is intended that the provisions of this Award Agreement comply with Section 409A
of the Code, and all provisions of this Award Agreement shall be construed and
interpreted in a manner consistent with the requirements for avoiding taxes or
penalties under Section 409A.

      

      (b)           Neither
the Employee nor any creditor or beneficiary of the Employee shall have the
right to subject any deferred compensation (within the meaning of Section 409A)
payable under this Award Agreement to any anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance, attachment or
garnishment.  Except as permitted under Section 409A, any deferred
compensation (within the meaning of Section 409A) payable to or for the benefit
of the Employee hereunder may not be reduced by, or offset against, any amount
owing by the Employee to the Company (or an affiliate, as
applicable).

      

      (c)           If,
at the time of the Employee’s separation from service (within the meaning of
Section 409A), (i) the Employee shall be a specified employee (within the
meaning of Section 409A and using the identification methodology selected by the
Company from time to time) and (ii) the Company shall make a good faith
determination that an amount payable hereunder constitutes deferred compensation
(within the meaning of Section 409A) the payment of which is required to be
delayed pursuant to the six-month delay rule set forth in Section 409A in order
to avoid taxes or penalties under Section 409A, then the Company (or an
affiliate, as applicable) shall not pay any such amount on the otherwise
scheduled payment date but shall instead accumulate such amount and pay it,
without interest, on the first day of the seventh month following such
separation from service.

      
        
           

        

        
          Page
4

          
            

          

        

        
           

        

      

      (d)           Notwithstanding
any provision of the Plan to the contrary, in light of the uncertainty with
respect to the proper application of Section 409A, the Company reserves the
right to make amendments to the Plan and this Award as the Company deems
necessary or desirable to avoid the imposition of taxes or penalties under
Section 409A.

      

      9.  All
other provisions contained in the Plan as in effect on the date of this Award
Agreement are incorporated in this Award Agreement by reference.  The
Board of Directors of the Company or the Committee may amend the Plan at any
time, provided that if such amendment shall adversely affect the rights of a
holder of an Award with respect to a previously granted Award, the Award
holder’s consent shall be required except to the extent any such amendment is
made to comply with any applicable law, stock exchange rules and regulations or
accounting or tax rules and regulations.  This Award Agreement may at
any time be amended by mutual agreement of the Committee (or a designee thereof)
and the holder of the Award.  Prior to a Change in Control of the
Company, this Award Agreement may be amended by the Company, and upon written
notice by the Company, given by registered or certified mail, to the holder of
the Award of any such amendment of this Award Agreement or of any amendment of
the Plan adopted prior to such a Change in Control, this Award Agreement shall
be deemed to incorporate the amendment to this Award Agreement or to the Plan
specified in such notice, unless such holder shall, within 30 days of the giving
of such notice by the Company, give written notice to the Company that such
amendment is not accepted by such holder, in which case the terms of this Award
Agreement shall remain unchanged.  Subject to any applicable
provisions of the Company’s bylaws or of the Plan, any applicable
determinations, order, resolutions or other actions of the Committee or of the
Board of Directors of the Company shall be final, conclusive and binding on the
Company and the holder of the Award.  Capitalized terms used herein
and not otherwise defined shall have the meanings ascribed to such terms in the
Plan.

      

      10.  All
notices hereunder shall be in writing and (a) if to the Company, shall be
delivered personally to the Secretary of the Company or mailed to its principal
office address, 1801 Bayberry Court, P.O. Box 18100, Richmond, VA 23226-8100
USA, to the attention of the Secretary, and (b) if to the Employee, shall be
delivered personally or mailed to the Employee at the address set forth
below.  Such addresses may be changed at any time by notice from one
party to the other.

      

      11.  This
Award Agreement shall bind and inure to the benefit of the parties hereto and
the successors and assigns of the Company and, to the extent provided in the
Plan, the legal representatives of the Employee.

      

      

      
        
          

        

      
        
           

        

        
          Page
5

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, the parties hereto have executed this Award Agreement as of the
day and year first above written.

      

      
        
          
            
              
                
                  
                    
                      
                        
                          	 
      	 
      	
                                   
      

                                   

                                	 
      	 
      
	 
      	 
      	
                                  The
      Brink’s Company

                                	 
      	
                                  Date

                                
	 
      	 
      	
                                   
      

                                   

                                	 
      	 
      
	 
      	 
      	
                                  Employee

                                	 
      	
                                  Date

                                
	 
      	
                                   
      

                                   

                                	 
      
	 
      	
                                  Street
      address, City, State & ZIP

                                   

                                	 
      

                        

                      

                    

                  

                

              

            

          

        

      

      

      

      
        
           

        

        
          Page
6

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