Document:

Exhibit 10.2

 

	
  

  	
   

  	
  JVNW,
  Inc

  390 S. Redwood Street

  Canby, OR 97013

  Phone: 503-263-2858

  Fax:     503-263-2868

  www.jvnw.com

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Project Name:

  	
   

  	
  Scheid Vineyards, Greenfield, CA.

  	 

	
   

  	
   

  	
   

  	 

	
  Commencement Date:

  	
   

  	
  December 8, 2004

  	 

	
   

  	
   

  	
   

  	 

	
  Termination Date:

  	
   

  	
  Upon successful completion of the project and acceptance thereof by
  owner.

  	 

	
   

  	
   

  	
   

  	 

	
  Supplier Name:

  	
   

  	
  JVNW, Inc. (“Supplier”)

  	 

	
   

  	
   

  	
  390 South Redwood Street

  	 

	
   

  	
   

  	
  Canby, OR 97013

  	 

	
   

  	
   

  	
   

  	 

	
  Owner Name:

  	
   

  	
  Scheid Vineyards (“Owner”)

  	 

	
   

  	
   

  	
  305 Hilltown Road

  	 

	
   

  	
   

  	
  Salinas, CA 93908

  	 

 

Supplier
and Owner may collectively be referred to as the “Parties”.

 

Your
signature upon the enclosed copy hereof at the place indicated, and the return
thereof to JVNW, Inc. 390 South Redwood Street, Canby, OR 97013, will
constitute a complete, entire, and binding agreement between owner and supplier
regarding equipment components, materials, and/or other items (“Equipment”) and
services to be provided and performed by the supplier, pursuant to the terms
and conditions of the Contract Documents as defined herein.

 

Owner
agrees to buy from Supplier and Supplier agrees to sell to Owner, the equipment
and/or Services listed in Section 1 of this document, pursuant to the
Contract Documents.

 

	
  Section 1

  	
   

  	
  Scope of Work: Subject to the requirements contained
  herein, and as directed by the Owner, Supplier will provide the Tanks and
  accessories per Table I, Section I of this contract:

  
	
   

  	
   

  	
   

  
	
  1.1

  	
   

  	
  Supplier will arrange for the delivery of the tanks to Owner’s
  Greenfield, CA location as and when required to support Owner’s schedule. All
  equipment to be completed on/before June 15, 2005.

  
	
  1.2

  	
   

  	
  Supplier will submit design drawings and leg structure calculations
  of the tanks to Owner for Owner’s review and approval prior to proceeding
  with fabrication. Drawing submittal is to occur on/before January 5th,
  2005.

  
	
  1.3

  	
   

  	
  Supplier will provide Owner with access to tanks for inspection/shop
  acceptance. At it’s sole discretion, Owner reserves
  the right to inspect all tanks.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Section 2

  	
   

  	
  Price for this Project: Owner agrees to pay Supplier $3,447,105.00
  (as per Table I Section II of this contract) provided that Supplier
  performs fully in accordance with this contract. The total price includes all
  costs required for proper completion of project. The total price does not
  include applicable sales, use and all other fees and taxes, freight charges,
  and change orders.

  
	
   

  	
   

  	
   

  
	
  Section 3

  	
   

  	
  Change Orders: Change Orders will be handled on a case by
  case basis and will be mutually agreed to by both Parties. There is no cost
  to Owner to administrate change orders, only the cost or credit of the
  change. Change orders will be invoiced on the next following scheduled
  billing cycle from the date change order is issued.

  

 

 

Section 4                                             Payment Terms: Owner will pay the Supplier price as
follows:

 

	
  Total Value of Tank Configuration:

  	
   

  	
  $

  	
  3,447,105.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.1

  	
   

  	
  20% Deposit Due on/before December 10, 2004:

  	
   

  	
  $

  	
  689,421.00

  	
   

  
	
  4.2

  	
   

  	
  Less Initial Engineering Deposit:

  	
   

  	
  $

  	
  19,000.00

  	
   

  
	
  4.3

  	
   

  	
  Less Juice Tub Deletion(1):

  	
   

  	
  $

  	
  55,500.00

  	
   

  
	
  4.4

  	
   

  	
  Progress Payment Due Upon Drawing Submittal:

  	
   

  	
  $

  	
  614,921.00

  	
   

  
	
  4.5

  	
   

  	
  Balance Due(2):

  	
   

  	
  $

  	
  2,068,263.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.6

  	
   

  	
  Add Change Order DJ 1157-1A

  	
   

  	
  $

  	
  106,210.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.7

  	
   

  	
  Revised Balance Due:

  	
   

  	
  $

  	
  2,174,473.00

  	
   

  

 

A
final invoice will be due upon receipt of all tanks. This invoice will
reconcile all outstanding change orders, freight charges, sales tax.

 

(1)          Owner will not purchase Juice Tubs from Supplier per Dave Nagengast,
Scheid Vineyards Winemaker, dated December 7th, 2004.

 

(2)          Balance Due will be based upon monthly tank completion.  Supplier will provide documentation (digital Photographs)
of completed tanks (or customer on-site factory acceptance) accompanying
invoice for the completed tanks.  Documentation/Invoice
will be provided on the last day of each month. Tank Freight costs will be
included in monthly invoices as Supplier receives invoices from trucking
companies.  Monthly
invoices to be payable upon receipt.

 

Section 5                                             Freight:   Tanks and
associated equipment are FOB Canby, Oregon. Owner is responsible
for all freight charges.  Including, pilot cars, permits, and all other fees.  Customer responsible for offloading and setting tanks into place.

 

5.1                                                                                 Owner to pay actual freight invoice, to be
billed on a monthly basis.

5.2                                                                                 Freight (and all associated costs) is
currently estimated at $278,600.00 as per Table 1, Section III of this
contract.

5.3                                                                                 Owner not responsible for return freight of
JVNW equipment associated with fabrication of on-site tanks.

5.4                                                                                 Tanks will be shipped using materials of
sufficient strength to prevent damage during transit.

 

Section 6                                             Project Schedule: Time is of
the essence: Supplier
will initiate the Project upon receipt of this approved and signed contract,
receipt of 20% deposit and will adhere to Owner’s  Project schedule.  Every reasonable effort will be made by Supplier
to complete all tanks by June 15th, 2005.  Supplier understands that timely Tank
completion is critical to the success of Owner's project and future business
relations maybe in jeopardy if completion date is not met. Tank completion date
may not be extended without the mutual consent of Owner and Supplier.  Supplier agrees to deliver all equipment,
items, services, drawings, and documents in accordance with Owner timeframes.

 

Supplier will submit
drawings for approval by January 5th, 2005.

 

6.1                                                                                 Supplier will provide owner with a written
status update bimonthly indicating completion percentage and will inform the
Owner promptly of any and all delays and what actions Supplier is taking to
overcome those delays. Owner has the right to delay any and all payments to
Supplier if Supplier is not current in its bimonthly reporting obligation.

 

 

Section 8                                             Warranty: Please see attached JVNW Warranty (Addendum
1).

 

Section 9                                             Receipt of Tanks: All tanks and services will be received
subject to Owner’s inspection and rejection. 
The supplier will provide and maintain an inspection system covering all
tanks for this project which is acceptable to the owner.  Supplier will achieve all of the technical
specifications agreed to by the Supplier and Owner, and the completed Project
will be capable of effectively performing its specific task under those
specifications.

 

Section 10                                      Other Terms & Conditions:  Please see attached JVNW Terms and Conditions (Addendum 2).

 

Section 11                                      Change Order DJ1157-1A REV I:
Please see attached.

 

The
undersigned warrant and represent that they have been duly authorized to sign
this Contract on behalf of their respective principals.

 

 

	
  /s/ David C. Jones

  	
   

  	
  /s/ Scott D. Scheid

  
	
  David C. Jones

  	
   

  	
  Scheid Vineyards

  
	
  JVNW, Inc.

  	
   

  	
   

  
	
  Principal/Sales Manager

  	
   

  	
   

  
	
   

  	
   

  	
  Date:

  	
   3-29-05

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Print Name:

  	
   Scott D. Scheid

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   President & CEOExhibit
10.13.A

 

 

FORM OF

NONQUALIFIED
STOCK OPTION AWARD AGREEMENT

PURSUANT TO

THE AES CORPORATION 2003 LONG TERM COMPENSATION PLAN

 

 

The AES Corporation, a Delaware corporation (the “Company”), grants to
the Employee named below, pursuant to The AES Corporation 2003 Long Term
Compensation Plan (the “Plan”) and this Nonqualified Stock Option Award
Agreement (this “Agreement”), this Award of a Nonqualified Stock Option (“Option”)
to purchase full shares of common stock of the Company (“Shares”) upon the terms
and conditions set forth herein and the terms of your current employment
agreement (your “Employment Agreement”) while it is in effect (i.e., through
and including its termination date). 
Capitalized terms not otherwise defined herein will each have the
meaning assigned to them in the Plan or your Employment Agreement while it is
in effect.

 

1.     The
Award of this Option is subject to all terms and conditions of this Agreement,
the Plan, the terms of which are herein incorporated by reference, and your Employment
Agreement, the terms of which are herein incorporated by reference while it is
in effect:

 

	
  Name of Employee:

  	
   

  
	
   

  	
   

  
	
  Date of Birth:

  	
   

  
	
   

  	
   

  
	
  AES Directory Name:

  	
   

  
	
   

  	
   

  
	
  Grant Date:

  	
   

  
	
   

  	
   

  
	
  Total Number of Shares subject to Option:

  	
   

  
	
   

  	
   

  
	
  Option Price per Share:

  	
   

  

 

2.     The
Employee referenced above is hereby granted an Option representing a right to
purchase the number of Shares set forth above at the option price per Share set
forth above, upon the terms set forth herein, in the Plan and in your
Employment Agreement while it is in effect, if
and only to the extent, such Option (i) has not been forfeited
or canceled prior to its Vesting Date (as defined below) and (ii) has vested in
accordance with this Agreement.

 

3.     This
Option will expire no later than ten years from the Grant Date, provided,
however, that this Option may expire sooner pursuant to the terms set forth
herein, in the Plan and in your Employment Agreement while it is in effect.

 

4.     Subject
to the terms of your Employment Agreement while it is in effect, this Option
will vest in three equal installments on each of the first, second and third
anniversary of the Grant Date (each a “Vesting Date”); provided, however:

 

1

 

(A)    that if the Employee’s
employment is terminated or the Employee’s provision of services is terminated,
prior to the third anniversary
of the Grant Date, in either case by reason of the Employee’s
death or Disability, this Option will vest and will become
exercisable on such termination date and will expire one year after such
termination date;

 

(B)    that if the Employee’s
employment is terminated or the Employee’s provision of services is terminated,
prior to the third anniversary of the Grant Date, in either case by the Company for cause (as
determined by the Committee in its sole discretion) any portion of this Option
that has vested on or before such termination date will expire three months
after such termination date, and any portion of this Option that has not vested
on or before such termination date will be forfeited in full, cancelled by the
Company, and will cease to be outstanding, upon such termination date; and

 

(C)    that if the Employee’s
employment is terminated or the Employee’s provision of services is terminated,
prior to the third anniversary of the Grant Date, for any other reason
(including voluntarily by the Employee (including
without limitation, Retirement) or by the Company other than for cause or by
reason of death or Disability), any portion of this Option that
has vested on or before such termination date will expire one hundred and
eighty days after such termination date, and any portion of this Option that
has not vested on or before such termination date will be forfeited in full,
cancelled by the Company, and will cease to be outstanding, upon such
termination date.

 

In addition, in the event that a termination described in clause (A),
clause (B) or clause (C) above occurs, on or after the third anniversary of the
Grant Date, to the extent that all or any portion of this Option has vested but
not yet expired as of such date, such portion of this Option will expire on the earlier  of (i) the last day
of the time period described in clause (A), clause (B) or clause (C) above, as
applicable, or (ii) the date such portion of this Option would have expired,
had such employment or provision of services continued.

 

5.     Subject
to the terms and conditions of the Plan, this Agreement and the terms of your
Employment Agreement while it is in effect, the Employee may exercise any
vested portion of this Option by giving appropriate written notice to the
Company, together with provision for payment (i) of the full option price of
the Shares for which such vested portion of this Option is exercised and (ii)
applicable withholding taxes.  The notice
must specify the portion of this Option to be exercised (i.e., the number of
Shares) and be signed by the Employee. 
The full option price of the shares of common stock as to which such
vested portion of this Option is exercised (including applicable withholding
taxes) must be paid in cash to the Company in full, or alternative adequate
provision acceptable to the Committee for such payment made (including an
irrevocable instruction to a broker to deliver the option price at a future date),
at the time of exercise.

 

6.     In
addition, subject to the terms of your Employment Agreement while it is in
effect, in the event that a Change of Control occurs prior to the third
anniversary of the Grant Date, to the extent that all or any portion of this
Option has not already been previously forfeited or cancelled, such portion of
this Option will become fully vested and exercisable; provided, however, that
in connection with a Change of Control or certain other events, the Committee

 

2

 

may, in its discretion (i) cancel any or all outstanding Options issued
pursuant to the Plan in consideration for payment to the holders of such
cancelled Options of an amount equal to the portion of the consideration that would
have been payable to such holders pursuant to such transaction if such Options
had been fully vested and exercisable, and had been fully exercised,
immediately prior to such transaction, less the option price, if any, that
would have been payable therefore, or (ii) if the net amount referred to in
clause (i) would be negative, cancel such Options for no consideration of any
kind.  Payment of any obligation payable
pursuant to the preceding sentence may be made in cash of equivalent value
and/or securities or other property in the Committee’s discretion.

 

7.     Subject
to the terms of your Employment Agreement while it is in effect, the Company
and its subsidiaries and Affiliates have the right (i) to withhold any tax
required to be withheld in connection with the exercise of any portion of this
Option from Shares otherwise deliverable or from any other payment to be made
to the Employee, or (ii) to otherwise condition the Employee’s right to
exercise any portion of this Option on the Employee making arrangements
satisfactory to the Company or any of its subsidiaries or affiliates to enable
any related tax obligation of the Employee to be satisfied.  The Employee should consult his or her
personal advisor to determine the effect of this Option on his or her own tax
situation.

 

8.     Notices
hereunder and under the Plan, if to the Company, must be delivered to the Plan
Administrator (as so designated by the Company) or mailed to the Company’s
principal office, 4300 Wilson Boulevard, Arlington, VA 22203 (or as subsequently
designated by the Company), to the attention of the Plan Administrator, or, if
to the Employee, will be delivered to the Employee or mailed to his or her
address as the same appears on the records of the Company.

 

9.     Subject
to the terms and conditions of the Plan and the terms of your Employment
Agreement while it is in effect, unless the Committee determines otherwise, if
an Employee is adjudicated to be mentally incompetent while in the continuous
employment of the Company or an Affiliate or during a period of permanent and
total Disability which commenced while in such employment, the Employee’s
guardian, conservator or legal representative will have the right to exercise
this Option on behalf of the Employee.

 

10.   All
decisions and interpretations made by the Board of Directors or the Committee
with regard to any question arising hereunder or under the Plan will be binding
and conclusive on all persons.  Unless
otherwise specifically provided herein, in the event of any inconsistency
between the terms of the Plan and this Agreement, the Plan will govern.  In the event an interpretation is to be made
concerning an inconsistency between the provisions of your Employment Agreement
and the provisions of the Plan and/or this Agreement, while your Employment
Agreement is in effect, the provisions of your Employment Agreement will
govern; provided, however, that any such interpretation will not be binding on
interpretations made or actions taken following the termination date of your
Employment Agreement.

 

11.   By
accepting the Award of this Option, the Employee acknowledges receipt of a copy
of the Plan and the prospectus related to this Option and agrees to be bound by
the terms and

 

3

 

conditions set forth in this Agreement and the Plan, as in effect
and/or amended from time to time.

 

12.   This
Agreement is governed by the laws of the State of Delaware without giving
effect to its choice of law provisions.

 

 

	
   

  	
  THE AES CORPORATION

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  Name:

  
	
   

  	
   

  
	
   

  	
  Title:

  

 

4

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