Document:

2014 Q4 Exhibit 10-10

EXHIBIT 10.10

Micron Technology, Inc.
8000 S. Federal Way
Mail Stop 557
Boise, ID 83716-9632

Amended and Restated 2004 Equity Incentive Plan (“2004 Equity Incentive Plan”)
Notice of Award and Acknowledgment and Terms and Conditions 

Name:  
Employee ID:    

Effective MMDDYYYY (Award Date), you have been awarded ##,### shares of Micron Technology, Inc. (the Company) Common Stock.

This Restricted Stock Award is subject to the following:

1.  The terms and conditions of the Restricted Award Agreement and
2.  The terms and conditions of the 2004 Equity Incentive Plan.

Please review the Restricted Stock Agreement and 2004 Equity Incentive Plan carefully, as they contain the terms and conditions which govern your Restricted Stock Award.  In addition, a Prospectus summarizing the Plan and the Insider Trading Calendar and Policy are available for your review.

Unless sooner vested in accordance with Section 3 of the Restricted Stock Agreement or otherwise in the discretion of the Committee, the restrictions imposed under Section 2 of the Restricted Stock Agreement will expire as to the following number of Shares awarded hereunder, on the following respective dates; provided the Grantee is still employed by the Company or any Affiliate.

Lapse Schedule
	
		
	Shares
	Lapse Date

	%
	MM/DD/YYY

	%
	MM/DD/YYY

	%
	MM/DD/YYY

	%
	MM/DD/YYY

Acknowledgement
Grantee hereby acknowledges that he/she has reviewed (i) the terms and conditions of the Restricted Stock Agreement and (ii) 2004 Equity Incentive Plan and is familiar with the provisions thereof.  Grantee acknowledges that a Prospectus relating to the Plan was made available for review.  Grantee hereby accepts this Award subject to all the terms and provisions of the 2004 Equity Incentive Plan and Restricted Stock Award.

Grantee acknowledges that the grant and acceptance of this Award do not constitute an employment agreement and do not assure continuous employment with Micron Technology, Inc., its affiliated companies, or subsidiaries. 

Grantee authorizes Micron Technology, Inc. to release his/her Social Security Number or Global ID and address information to the Company's Broker who has agreed to provide brokerage service for 2004 Equity Incentive Plan participants for the purposes of opening an account under his/her name.
	
			
	 
	 
	MICRON TECHNOLOGY, INC.

	 
	 
	a Delaware Corporation

	 
	 
	 

	Signature: ___________________________________
	 
	/s/ Patrick T. Otte

	 
	 
	Patrick T. Otte

	Date: _______________________________________
	 
	Vice President, Human Resources

	 
	 
	Date:    MMDDYYYY

RESTRICTED STOCK AGREEMENT TERMS AND CONDITIONS
 
1.  Grant of Shares.  The Company hereby grants to the Grantee named on the Notice of Award (“Grantee”), subject to the restrictions and the other terms and conditions set forth in the Micron Technology, Inc. Amended and Restated 2004 Equity Incentive Plan (the “Plan”) and in this award agreement (this “Agreement”), the number of shares indicated on the Notice of Award of the Company’s $0.10 par value common stock (the “Shares”).  Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.
 
2.   Restrictions.  The Shares are subject to each of the following restrictions.  “Restricted Shares” mean those Shares that are subject to the restrictions imposed hereunder and such restrictions have not then expired or terminated.  Restricted Shares may not be sold, transferred, exchanged, assigned, pledged, hypothecated or otherwise encumbered.  If Grantee’s service as a director of the Company or employment with the Company or any Affiliate terminates for any reason other than as set forth in paragraph (b) of Section 3 hereof, then Grantee shall forfeit all of Grantee’s right, title and interest in and to the Restricted Shares as of the date of termination of such service or employment, and such Restricted Shares shall revert to the Company.  The restrictions imposed under this Section shall apply to all shares of the Company’s Stock with respect to the Restricted Shares or other securities issued in connection with any merger, reorganization, consolidation, recapitalization, stock dividend or other change in corporate structure affecting the Stock of the Company.
 
3.   Expiration and Termination of Restrictions.  The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”):

		
	(a)
	On the respective expiration dates specified on the Notice of Award as to the number of Shares specified thereon; provided Grantee is then still employed by the Company or any Affiliate or still serves as a director of the Company;

		
	(b)
	Termination of Grantee’s service as a director of the Company or employment by the Company and all Affiliates by reason of death or Disability; or

		
	(c)
	Upon the occurrence of a Change in Control.

 
4.   Delivery of Shares.  The Shares will be registered in the name of Grantee as of the Grant Date and will be held by the Company during the Restricted Period in certificated or uncertificated form.  If a certificate for Restricted Shares is issued during the Restricted Period with respect to such Shares, such certificate shall be registered in the name of Grantee and shall bear a legend in substantially the following form:
 
“This certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture and restrictions against transfer) contained in a Restricted Stock Agreement between the registered owner of the shares represented hereby and Micron Technology, Inc.  Release from such terms and conditions shall be made only in accordance with the provisions of such Agreement, copies of which are on file in the offices of Micron Technology, Inc.”
 
Stock certificates for the Shares, without the above legend, shall be delivered to Grantee or Grantee’s designee upon request of Grantee after the expiration of the Restricted Period, but delivery may be postponed for such period as may be required for the Company with reasonable diligence to comply if deemed advisable by the Company, with registration requirements under the Securities Act of 1933, listing requirements under the rules of any stock exchange, and requirements under any other law or regulation applicable to the issuance or transfer of the Shares.
 
5.   Voting and Dividend Rights.  Grantee, as beneficial owner of the Shares, shall have full voting and dividend rights with respect to the Shares during and after the Restricted Period.  If Grantee forfeits any rights he may have under this Agreement in accordance with Section 2, Grantee shall no longer have any rights as a shareholder with respect to the Restricted Shares or any interest therein and Grantee shall no longer be entitled to receive dividends on such stock.  

6.   Changes in Capital Structure.  In the event of a corporate event or transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), the Committee may adjust this award to preserve the benefits or potential benefits of this award. Without limiting the foregoing, in the event of a subdivision of the outstanding Stock (stock split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of Shares, the Shares then subject to this Agreement shall automatically be adjusted proportionately.
 
7.   No Right of Continued Employment.  With respect to a grantee who is employed by the Company or an Affiliate, nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate such grantee’s employment at any time, nor confer upon any such grantee any right to continue in the employ of the Company or any Affiliate.

 
8.   Payment of Taxes.  Upon issuance of the Shares hereunder, Grantee may make an election to be taxed upon such award under Section 83(b) of the Code.  Grantee will, no later than the date as of which any amount related to the Shares first becomes includable in Grantee’s gross income for federal income tax purposes, pay to the Company, or make other arrangements satisfactory to the Committee regarding payment of, any federal, state and local taxes of any kind required by law to be withheld with respect to such amount.  The Committee may permit Grantee to surrender to the Company a number of Shares from this Award as necessary to pay the minimum applicable withholding tax obligation.  The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company, and, where applicable, its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to Grantee.
 
9.   Amendment.  The Committee may amend, modify or terminate the Award, Notice of Award and this Agreement without approval of the Grantee; provided, however, that such amendment, modification or termination shall not, without the Grantee’s consent, reduce or diminish the value of this Award determined as if it had been fully vested on the date of such amendment or termination.  Notwithstanding anything herein to the contrary, the Company is authorized, without Grantee’s consent, to amend or interpret this Award, the Notice of Award and this Agreement certificate to the extent necessary, if any, to comply with Section 409A of the Code and Treasury regulations and guidance with respect to such law.

10.   Plan Controls.  The terms contained in the Plan are incorporated into and made a part of the Notice of Award and this Agreement and this Agreement shall be governed by and construed in accordance with the Plan.  In the event of any actual or alleged conflict between the provisions of the Plan and the provisions of the Notice of Award and this Agreement, the provisions of the Plan shall be controlling and determinative.
 
11.   Severability.  If any one or more of the provisions contained in the Notice of Award and this Agreement is deemed to be invalid, illegal or unenforceable, the other provisions of the Notice of Award and this Agreement will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included.
 
12.   Notice. Notices and communications under the Notice of Award and this Agreement must be in writing and either personally delivered or sent by registered or certified United States mail, return receipt requested, postage prepaid.  Notices to the Company must be addressed to: Micron Technology, Inc., 8000 S. Federal Way, P.O. Box 6, Boise, ID 83716-9632, Attn: Secretary, or any other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on file with the Company, or at any other address given by Grantee in a written notice to the Company.

Micron Technology, Inc.
8000 S. Federal Way
Mail Stop 557
Boise, ID 83716-9632

Amended and Restated 2004 Equity Incentive Plan (“2004 Equity Incentive Plan”) 
Notice of Grant of Stock Options and Option Agreement and Terms and Conditions 

Name:   
Employee ID:  

Effective MMDDYYYY  (Grant Date), you have been granted a Nonqualified Stock Option to purchase ##,### shares of Micron Technology, Inc. (the Company) Common Stock at $##.##(USD) per share.

This Option Grant is subject to the following:
1.  The terms and conditions of the 2004 Equity Incentive Plan - Stock Option Agreement and
2.  The terms and conditions of the 2004 Equity Incentive Plan.

Please review the Option Agreement and the 2004 Equity Incentive Plan carefully, as they contain the terms and conditions which govern your option.  In addition, a Prospectus summarizing the Plan and the Insider Trading Calendar and Policy are available for your review.

Subject to your continued employment, this Option may be exercised in whole or in part, in accordance with the following schedule:
	
			
	Shares
	Vesting Date
	Expiration Date

	%
	MM/DD/YYYY
	MM/DD/YYYY

	%
	MM/DD/YYYY
	MM/DD/YYYY

	%
	MM/DD/YYYY
	MM/DD/ YYYY

	%
	MM/DD/YYYY
	MM/DD/YYYY

Termination Period
This Option may be exercised for thirty (30) days after termination of the Optionee's employment or consulting relationship with the Company.  Upon the death or Disability of the Optionee, this Option may be exercised for such longer period as provided in the Plan.  If Optionee or his or her beneficiary exercises the Option after termination of service, the Options may be exercised only with respect to the shares that were otherwise vested on the date of Optionee’s termination of service.  In no event shall this Option be exercised later than the Expiration Date as provided in the Option Agreement.

Acknowledgement
Optionee hereby acknowledges that he/she has reviewed (i) the terms and conditions of this Option Agreement and (ii) 2004 Equity Incentive Plan and is familiar with the provisions thereof.  Optionee acknowledges that a Prospectus relating to the Plan was made available for review.  Optionee hereby accepts this Option subject to all the terms and provisions of the 2004 Equity Incentive Plan and this Option Agreement.

Optionee acknowledges that the grant and acceptance of this Option do not constitute an employment agreement and do not assure continuous employment with Micron Technology, Inc., its affiliated companies, or subsidiaries. 

Optionee authorizes Micron Technology, Inc. to release his/her Social Security Number or Global ID and address information to the Company's Broker who has agreed to provide brokerage service for stock plan participants for the purposes of opening an account under his/her name.
	
			
	 
	 
	MICRON TECHNOLOGY, INC.

	 
	 
	a Delaware Corporation

	 
	 
	 

	Signature: ___________________________________
	 
	/s/ Patrick T. Otte

	 
	 
	Patrick T. Otte

	Date: _______________________________________
	 
	Vice President, Human Resources

	 
	 
	Date:    MM/DD/YYYY

OPTION AGREEMENT 
TERMS AND CONDITIONS 

1. Grant of Option.  Micron Technology, Inc. (the “Company”) hereby grants to the Optionee named on the Notice of Grant (“Optionee”), under the Micron Technology, Inc. Amended and Restated 2004 Equity Incentive Plan (the “Plan”), stock options to purchase from the Company (the “Options”), on the terms and on conditions set forth in this agreement (this “Agreement”), the number of shares indicated on the Notice of Grant of the Company’s $0.10 par value common stock, at the exercise price per share set forth on the Notice of Grant. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan. 

2. Vesting of Options.  The Option shall vest (become exercisable) in accordance with the schedule shown on the Notice of Grant of this Agreement. Notwithstanding the foregoing vesting schedule, upon Optionee’s death or Disability during his or her Continuous Status as a Participant, or upon a Change in Control, all Options shall become fully vested and exercisable. 

3. Term of Options and Limitations on Right to Exercise.  The term of the Options will be for a period of eight years, expiring at 5:00 p.m., Mountain Time, on the eighth anniversary of the Grant Date (the “Expiration Date”). To the extent not previously exercised, the Options will lapse prior to the Expiration Date upon the earliest to occur of the following circumstances: 

(a) Thirty days after the termination of Optionee’s Continuous Status as a Participant for any reason other than by reason of Optionee’s death or Disability. 

(b) Twelve months after termination of Optionee’s Continuous Status as Participant by reason of Disability. 

(c) Twelve months after the date of Optionee’s death, if Optionee dies while employed, or during the three-month period described in subsection (a) above or during the twelve-month period described in subsection (b) above and before the Options otherwise lapse. Upon Optionee’s death, the Options may be exercised by Optionee’s beneficiary designated pursuant to the Plan. 
    
The Committee may, prior to the lapse of the Options under the circumstances described in paragraphs (a), (b) or (c) above, extend the time to exercise the Options as determined by the Committee in writing. If Optionee returns to employment with the Company during the designated post termination exercise period, then Optionee shall be restored to the status Optionee held prior to such termination but no vesting credit will be earned for any period Optionee was not in Continuous Status as a Participant. If Optionee or his or her beneficiary exercises an Option after termination of service, the Options may be exercised only with respect to the Shares that were otherwise vested on Optionee’s termination of service. 

4. Exercise of Option.  The Options shall be exercised by (a) written notice directed to the Global Stock Department of the Company or its designee at the address and in the form specified by the Company from time to time and (b) payment to the Company in full for the Shares subject to such exercise (unless the exercise is a broker-assisted cashless exercise, as described below). If the person exercising an Option is not Optionee, such person shall also deliver with the notice of exercise appropriate proof of his or her right to exercise the Option. Payment for such Shares may be, in (a) cash, (b) in the discretion of the Company, Shares previously acquired by the purchaser, or (c) any combination thereof, for the number of Shares specified in such written notice. The value of surrendered Shares for this purpose shall be the Fair Market Value as of the last trading day immediately prior to the exercise date. To the extent permitted under Regulation T of the Federal Reserve Board, and subject to applicable securities laws and any limitations as may be applied from time to time by the Committee (which need not be uniform), the Options may be exercised through a broker in a so-called “cashless exercise” whereby the broker sells the Option Shares on behalf of Optionee and delivers cash sales proceeds to the Company in payment of the exercise price. In such case, the date of exercise shall be deemed to be the date on which notice of exercise is received by the Company and the exercise price shall be delivered to the Company by the settlement date. 

5. Beneficiary Designation.  Optionee may, in the manner determined by the Committee, designate a beneficiary to exercise the rights of Optionee hereunder and to receive any distribution with respect to the Options upon Optionee’s death. A beneficiary, legal guardian, legal representative, or other person claiming any rights hereunder is subject to all terms and conditions of this Agreement and the Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If no beneficiary has been designated or survives Optionee, the Options may be exercised by the legal representative of Optionee’s estate, and payment shall be made to Optionee’s estate. Subject to the foregoing, a beneficiary designation may be changed or revoked by Optionee at any time provided the change or revocation is filed with the Company. 

6. Withholding.  The Company or any employer Affiliate has the authority and the right to deduct or withhold, or require Optionee to remit to the employer, an amount sufficient to satisfy federal, state, and local taxes (including Optionee’s FICA obligation) required by law to be withheld with respect to any taxable event arising as a result of the exercise of the Options. The withholding requirement may be satisfied, in whole or in part, at the election of the Company, by withholding from the Options Shares having a Fair Market Value on the date of withholding equal to the minimum amount (and not any greater amount) required to be withheld for tax purposes, all in accordance with such procedures as the Company establishes. 

7. Limitation of Rights.  The Options do not confer to Optionee or Optionee’s beneficiary designated pursuant to Paragraph 5 any rights of a shareholder of the Company unless and until Shares are in fact issued to such person in connection with the exercise of the Options. Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate Optionee’s service at any time, nor confer upon Optionee any right to continue in the service of the Company or any Affiliate. 

8. Stock Reserve.  The Company shall at all times during the term of this Agreement reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of this Agreement. 

9. Restrictions on Transfer and Pledge.  No right or interest of Optionee in the Options may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other party other than the Company or an Affiliate. The Options are not assignable or transferable by Optionee other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code if such Section applied to an Option under the Plan; provided, however, that the Committee may (but need not) permit other transfers. The Options may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee. 

10. Restrictions on Issuance of Shares.  If at any time the Committee shall determine in its discretion, that registration, listing or qualification of the Shares covered by the Options upon any Exchange or under any foreign, federal, or local law or practice, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition to the exercise of the Options, the Options may not be exercised in whole or in part unless and until such registration, listing, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. 

11. Amendment.  The Committee may amend, modify or terminate this Agreement without approval of the Optionee; provided, however, that such amendment, modification or termination shall not, without the Optionee's consent, reduce or diminish the value of this award determined as if it had been fully vested and exercised on the date of such amendment or termination (with the per-share value being calculated as the excess, if any, of the Fair Market Value over the exercise price of the Options). Notwithstanding anything herein to the contrary, the Company is authorized, without Grantee’s consent, to amend or interpret this Agreement to the extent necessary, if any, to comply with Section 409A of the Code and Treasury regulations and guidance with respect to such law. 

12. Plan Controls.  The terms and conditions contained in the Plan are incorporated into and made a part of this Agreement and this Agreement shall be governed by and construed in accordance with the Plan. In the event of any actual or alleged conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of the Plan shall be controlling and determinative. 

13. Successors.  This Agreement shall be binding upon any successor of the Company, in accordance with the terms of this Agreement and the Plan. 

14. Severability.  If any one or more of the provisions contained in this Agreement is invalid, illegal or unenforceable, the other provisions of this Agreement will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 

15. Notice.  Notices and communications under this Agreement must be in writing and either personally delivered or sent by registered or certified United States mail, return receipt requested, postage prepaid. Notices to the Company must be addressed to: Micron Technology, Inc., 8000 S. Federal Way, P.O. Box 6, Boise, ID 83707-0006, Attn: Secretary, or any other address designated by the Company in a written notice to Optionee. Notices to Optionee will be directed to the address of Optionee then currently on file with the Company, or at any other address given by Optionee in a written notice to the Company.

Micron Technology, Inc.
8000 S. Federal Way
Mail Stop 557
Boise, ID 83716-9632

Amended and Restated 2004 Equity Incentive Plan Form of Agreement and Terms and Conditions
 
Amended and Restated 2004 Equity Incentive Plan (“2004 Equity Incentive Plan”)
Notice of Award and Performance Restricted Stock Agreement
Name:    
ID:  
Effective MM/DD/YYYY (Grant Date), you have been awarded performance-conditioned shares of Micron Technology, Inc. (the Company) Common Stock.
 
This Restricted Stock Award is subject to the following:
1.  The terms and conditions of this Restricted Stock Agreement and 
2.  The terms and conditions of the 2004 Equity Incentive Plan. 
 
Please review the Restricted Stock Agreement and 2004 Equity Incentive Plan carefully, as they contain the terms and conditions which govern your Restricted Stock Award.  In addition, a Prospectus summarizing the Plan and the Insider Trading Calendar and Policy are available for your review.  The target number of Shares subject to this award is _____(the “Target Award”).  Depending on the Company’s level of attainment of specified performance targets for the Performance Period as specified in Section 3 of the Restricted Stock Agreement, you may vest in __% to __% of the Target Award in accordance with the terms and conditions of this Restricted Stock Agreement.  The restrictions imposed under Section 2 of the Restricted Stock Agreement will expire as to the following number of Shares awarded hereunder, upon achievement of the performance target; provided that you are then still employed by the Company or any Affiliate:

	
		
	% of Shares Vesting*
	Achievement of Performance 

	 
	 

	 
	 

	 
	 

	 
	 

	 
	 

 *Vesting between performance levels will be determined based on straight line interpolation.

Acknowledgement 
 By signing below, you hereby make the following acknowledgements and agreements.  You acknowledge that you have reviewed (i) the terms and conditions of this Restricted Stock Agreement and (ii) the 2004 Equity Incentive Plan and are familiar with the provisions thereof.  You acknowledge that a Prospectus relating to the Plan was made available to you for review.  You hereby accept this Award subject to all of the terms and provisions of the Plan and Restricted Stock Agreement.  You hereby agree to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan.
 
You acknowledge that the grant and acceptance of this Award do not constitute an employment agreement and do not assure your continuous employment with Micron Technology, Inc., its affiliated companies, or subsidiaries.
 
You authorize Micron Technology, Inc. to release your Social Security Number or Global ID and address information to the Company’s Broker who has agreed to provide brokerage service for stock plan participants for the purposes of opening an account under your name.  

	
			
	 
	 
	MICRON TECHNOLOGY, INC.

	 
	 
	a Delaware Corporation

	 
	 
	 

	Signature: ___________________________________
	 
	/s/ Patrick T. Otte

	 
	 
	Patrick T. Otte

	Date: _______________________________________
	 
	Vice President, Human Resources

	 
	 
	Date:    MM/DD/YYYY

RESTRICTED STOCK AGREEMENT TERMS AND CONDITIONS
 
1.    Grant of Shares.  The Company hereby grants to the Grantee named on the Notice of Award (“Grantee”), subject to the restrictions and the other terms and conditions set forth in the Micron Technology, Inc. Amended and Restated 2004 Equity Incentive Plan (the “Plan”) and in this award agreement (this “Agreement”), the number of shares indicated on the Notice of Award of the Company’s $0.10 par value common stock (the “Shares”).  Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.
 
2.    Restrictions.  The Shares are subject to each of the following restrictions.  “Restricted Shares” mean those Shares that are subject to the restrictions imposed hereunder and such restrictions have not then expired or terminated.  Restricted Shares may not be sold, transferred, exchanged, assigned, pledged, hypothecated or otherwise encumbered.  If Grantee’s service as a director of the Company or employment with the Company or any Affiliate terminates for any reason other than as set forth in paragraph (b) of Section 3 hereof, then Grantee shall forfeit all of Grantee’s right, title and interest in and to the Restricted Shares as of the date of termination of such service or employment, and such Restricted Shares shall revert to the Company.  The restrictions imposed under this Section shall apply to all shares of the Company’s Stock with respect to the Restricted Shares or other securities issued in connection with any merger, reorganization, consolidation, recapitalization, stock dividend or other change in corporate structure affecting the Stock of the Company.
 
3.    Expiration and Termination of Restrictions.  The restrictions imposed under Section 2 will expire, in whole or in part as indicated below, on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”):

		
	(a)
	as to the following number of Shares, upon achievement of the performance goal; provided that Grantee is then still employed by the Company or any Affiliate:

	
		
	% of Shares Vesting*
	Achievement of Performance 

	 
	 

	 
	 

	 
	 

	 
	 

	 
	 

 *Vesting between performance levels will be determined based on straight line interpolation.

[Insert definition of Performance Period].  The restrictions will expire, as to the applicable number of Shares based upon the level of achievement of the performance goal, on the date of the certification of the level of achievement of the performance goal and approval of the expiration of the restrictions as to the applicable number of Shares, provided that Grantee is then still employed by the Company or any Affiliate. 

		
	(b)
	If Grantee’s service as a director of the Company or employment by the Company and all Affiliates is terminated during the Performance Period by reason of death or Disability, the number of Shares for which the restrictions shall expire shall be determined by multiplying (i) the number of Shares for which restrictions would have expired if the performance target in this Section 3 were fully satisfied, less any Shares for which restrictions had previously expired, by (ii) a fraction, the numerator of which is the number of days in the Performance Period preceding the date of the termination due to death or Disability and the denominator of which is [days in performance period.]

		
	(c)
	If a Change in Control occurs during the Performance Period and while Grantee remains employed, the number of Shares for which the restrictions shall expire shall be determined by multiplying (i) the number of Shares for which Restrictions would have expired if the performance goals in this Section 3 were fully satisfied,) less any Shares for which Restrictions had previously expired, by (ii) a fraction, the numerator of which is the number of days in the Performance Period preceding the date of the Change in Control and the denominator of which is [days in performance period].  

Grantee shall forfeit all of Grantee’s right, title and interest in and to any of the Restricted Shares for which the restrictions shall not have lapsed as of the end of the Performance Period and such Restricted Shares shall revert to the Company.
 
4.    Delivery of Shares.  The Shares will be registered in the name of Grantee as of the Grant Date and will be held by the Company during the Restricted Period in certificated or uncertificated form.  If a certificate for Restricted Shares is issued during the Restricted Period with respect to such Shares, such certificate shall be registered in the name of Grantee and shall bear a legend in substantially the following form:

“This certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture and restrictions against transfer) contained in a Restricted Stock Agreement between the registered owner of the shares represented hereby and Micron Technology, Inc.  Release from such terms and conditions shall be made only in accordance with the provisions of such Agreement, copies of which are on file in the offices of Micron Technology, Inc.”
 
Stock certificates for the Shares, without the above legend, shall be delivered to Grantee or Grantee’s designee upon request of Grantee after the expiration of the Restricted Period, but delivery may be postponed for such period as may be required for the Company with reasonable diligence to comply if deemed advisable by the Company, with registration requirements under the Securities Act of 1933, listing requirements under the rules of any stock exchange, and requirements under any other law or regulation applicable to the issuance or transfer of the Shares.
 
5.    Voting and Dividend Rights.  Grantee, as beneficial owner of the Shares, shall have full voting rights with respect to the Shares during and after the Restricted Period.  Grantee shall accrue cash and non-cash dividends, if any, paid with respect to the Restricted Shares, but the payment of such dividends shall be deferred and held (without interest) by the Company for the account of Grantee until the expiration of the Restricted Period.  During the Restricted Period, such dividends shall be subject to the same vesting restrictions imposed under Section 2 as the Restricted Shares to which they relate.  Accrued dividends deferred and held pursuant to the foregoing provision shall be paid by the Company to Grantee promptly upon the expiration of the Restricted Period (and in any event within thirty (30) days of the date of such expiration).  

6.    Changes in Capital Structure.  In the event of a corporate event or transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), the Committee may adjust this award to preserve the benefits or potential benefits of this award. Without limiting the foregoing, in the event of a subdivision of the outstanding Stock (stock split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of Shares, the Shares then subject to this Agreement shall automatically be adjusted proportionately.
 
7.    No Right of Continued Employment.  With respect to a grantee who is employed by the Company or an Affiliate, nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate such grantee’s employment at any time, nor confer upon any such grantee any right to continue in the employ of the Company or any Affiliate.
 
8.    Payment of Taxes.  Upon issuance of the Shares hereunder, Grantee may make an election to be taxed upon such award under Section 83(b) of the Code.  Grantee will, no later than the date as of which any amount related to the Shares first becomes includable in Grantee’s gross income for federal income tax purposes, pay to the Company, or make other arrangements satisfactory to the Committee regarding payment of, any federal, state and local taxes of any kind required by law to be withheld with respect to such amount.  The Committee may permit Grantee to surrender to the Company a number of Shares from this Award as necessary to pay the minimum applicable withholding tax obligation.  The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company, and, where applicable, its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to Grantee.
 
9.     Amendment.  The Committee may amend, modify or terminate the Award, Notice of Award and this Agreement without approval of the Grantee; provided, however, that such amendment, modification or termination shall not, without the Grantee’s consent, reduce or diminish the value of this Award determined as if it had been fully vested on the date of such amendment or termination.  Notwithstanding anything herein to the contrary, the Company is authorized, without Grantee’s consent, to amend or interpret this Award, the Notice of Award and this Agreement certificate to the extent necessary, if any, to comply with Section 409A of the Code and Treasury regulations and guidance with respect to such law.

10.    Plan Controls.  The terms contained in the Plan are incorporated into and made a part of the Notice of Award and this Agreement and this Agreement shall be governed by and construed in accordance with the Plan.  In the event of any actual or alleged conflict between the provisions of the Plan and the provisions of the Notice of Award and this Agreement, the provisions of the Plan shall be controlling and determinative.
 
11.    Severability.  If any one or more of the provisions contained in the Notice of Award and this Agreement is deemed to be invalid, illegal or unenforceable, the other provisions of the Notice of Award and this Agreement will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included.
 
12.    Notice. Notices and communications under the Notice of Award and this Agreement must be in writing and either personally delivered or sent by registered or certified United States mail, return receipt requested, postage prepaid.  Notices to the Company must be addressed to: Micron Technology, Inc., 8000 S. Federal Way, P.O. Box 6, Boise, ID 83716-9632, Attn: Secretary, or any other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on file with the Company, or at any other address given by Grantee in a written notice to the Company.

Micron Technology, Inc.
8000 S. Federal Way
Mail Stop 557
Boise, ID 83716-9632

Amended and Restated 2004 Equity Incentive Plan Form of Agreement and Terms and Conditions
 
Amended and Restated 2004 Equity Incentive Plan (“2004 Equity Incentive Plan”)
Notice of Award (“Notice of Award”) and Performance Unit Agreement
Name:    
ID:  
 
Effective MM/DD/YYYY (Grant Date), you have been awarded performance units (the “Performance Units”) representing the right to earn, on a one-for-one basis, shares of Micron Technology, Inc. (the “Company”) common stock (“Shares”).  

The Performance Units are subject to the following:
1.    The terms and conditions of this Performance Unit Agreement and 
2.    The terms and conditions of the 2004 Equity Incentive Plan. 
 
Please review the Performance Unit Agreement and 2004 Equity Incentive Plan carefully, as they contain the terms and conditions which govern your Performance Unit Award.  In addition, a Prospectus summarizing the Plan and the Insider Trading Calendar and Policy are available for your review.  

The target number of Shares subject to this award is [______] (the “Target Award”).  Depending on the Company’s level of attainment of specified performance targets for the Performance Period (as defined in Section 2 of the Performance Unit Agreement), you may earn 0% to 200% of the Target Award, in accordance with the performance metrics described on Exhibit A hereto and terms and conditions of this Performance Unit Agreement.  

Acknowledgement  
By signing below, you hereby make the following acknowledgements and agreements.  You acknowledge that you have reviewed (i) the terms and conditions of this Performance Unit Agreement and (ii) the 2004 Equity Incentive Plan and are familiar with the provisions thereof.  You acknowledge that a Prospectus relating to the Plan was made available to you for review.  You hereby accept this Award subject to all of the terms and provisions of the Plan and Performance Unit Agreement.  You hereby agree to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan.
 
You acknowledge that the grant and acceptance of this Performance Unit Award do not constitute an employment agreement and do not assure your continuous employment with Micron Technology, Inc., its affiliated companies, or subsidiaries.
 
You authorize Micron Technology, Inc. to release your Social Security Number or Global ID and address information to the Company’s Broker who has agreed to provide brokerage service for stock plan participants for the purposes of opening an account under your name.  

	
			
	 
	 
	MICRON TECHNOLOGY, INC.

	 
	 
	a Delaware Corporation

	 
	 
	 

	Signature: ___________________________________
	 
	/s/ Patrick T. Otte

	 
	 
	Patrick T. Otte

	Date: _______________________________________
	 
	Vice President, Human Resources

	 
	 
	Date:    MM/DD/YYYY

PERFORMANCE UNIT AGREEMENT TERMS AND CONDITIONS

1.    Grant of Shares.  The Company hereby grants to the Grantee named on the Notice of Award (“Grantee”), subject to the restrictions and the other terms and conditions set forth in the Micron Technology, Inc. Amended and Restated 2004 Equity Incentive Plan (the “Plan”) and in this award agreement (this “Agreement”), the target number of performance units indicated on the Notice of Award (the “Performance Units”) representing the right to earn, on a one-for-one basis, shares of Micron Technology, Inc. (the “Company”) $0.10 par value common stock (“Shares”).  

2.    Defined Terms.  Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.  In addition, for purposes of this Agreement:

		
	(a)
	Confirmed Performance Units is defined in Exhibit A.

		
	(b)
	Conversion Date is defined in Exhibit A.

		
	(c)
	Final Payout Factor is defined in Exhibit A.

		
	(d)
	Performance Period means [______________].

		
	(e)
	Target Award means the number of performance units granted pursuant to this Agreement, as indicated in the Notice of Award.

		
	(f)
	[Insert Performance Metric and definition]

3.    Performance Units.  The Performance Units have been credited to a bookkeeping account on behalf of Grantee.  The Performance Units will be earned in whole, in part, or not at all, as provided on Exhibit A attached hereto.  Any Performance Units that fail to vest in accordance with the terms of this Agreement will be forfeited and reconveyed to the Company without further consideration or any act or action by Grantee.

4.    Conversion to Shares.  Except as otherwise provided herein, the Confirmed Performance Units will be converted to actual unrestricted Shares (one Share per Confirmed Performance Unit) on the Conversion Date, provided that Grantee has remained continuously employed through the Conversion Date.  These shares will be registered on the books of the Company in Grantee’s name as of the Conversion Date and stock certificates for the Shares shall be delivered to Grantee or Grantee’s designee upon request of Grantee. Notwithstanding the foregoing, if Grantee’s employment is terminated during the Performance Period by reason of death or Disability, then (A) the number of Performance Units earned shall be determined by multiplying (i) the Target Award, by (ii) a fraction, the numerator of which is the number of days in the Performance Period preceding the date of the termination due to death or Disability and the denominator of which is [insert number of days in Performance Period], and (B) any such earned Performance Units shall convert to Shares on the date of Grantee’s termination of employment.  If Grantee’s employment is terminated during the Performance Period for any reason other than death or Disability, then Grantee’s Performance Units will be forfeited and reconveyed to the Company without further consideration or any act or action by Grantee.

5.    Change in Control.  If a Change in Control occurs during the Performance Period and while Grantee remains employed, the number of Performance Units earned shall be determined by multiplying (i) the Target Award, by (ii) a fraction, the numerator of which is the number of days in the Performance Period preceding the effective date of the Change in Control and the denominator of which is [insert number of days in Performance Period].

6.    Restrictions on Transfer and Pledge.  No right or interest of Grantee in the Performance Units may be pledged, encumbered, or hypothecated or be made subject to any lien, obligation, or liability of Grantee to any other party other than the Company.  The Performance Units may not be sold, assigned, transferred or otherwise disposed of by Grantee other than by will or the laws of descent and distribution. 

7.    Restrictions on Issuance of Shares.  If at any time the Committee shall determine, in its discretion, that registration, listing or qualification of the Shares underlying the Performance Units upon any securities exchange or similar self-regulatory organization or under any foreign, federal, or local law or practice, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition to the settlement of the Performance Units, stock units will not be converted to Shares in whole or in part unless and until such registration, listing, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. 

8.    Limitation of Rights.  The Performance Units do not confer to Grantee or Grantee’s beneficiary, executors or administrators any rights of a shareholder of the Company unless and until Shares are in fact issued to such person in connection with the units.  Nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate Grantee’s employment at any time, nor confer upon Grantee any right to continue in employment of the Company.

9.    Dividend Rights.  If any dividends or other distributions are paid with respect to the Shares while the Performance Units are outstanding, the dollar amount or fair market value of such dividends or distributions with respect to the number of Shares then underlying the Performance Units shall be credited to a bookkeeping account and held (without interest) by the Company for the account of Grantee until the Conversion Date.  Such amounts shall be subject to the same vesting and forfeiture provisions as the Performance Units to which they relate.  Accrued dividends held pursuant to the foregoing provision shall be paid by the Company to Grantee on the Conversion Date, provided Grantee is then still employed by the Company.

10.    Payment of Taxes.  The Company employing Grantee has the authority and the right to deduct or withhold, or require Grantee to remit to the employer, an amount sufficient to satisfy federal, state, and local taxes (including Grantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising as a result of the vesting or settlement of the Performance Units.  The withholding requirement may be satisfied, in whole or in part, by withholding Shares upon the settlement of the Performance Units having a Fair Market Value on the date of withholding equal to the minimum amount (and not any greater amount) required to be withheld for tax purposes.  The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company will, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to Grantee.

11.    Amendment.  The Committee may amend, modify or terminate this Agreement without approval of Grantee; provided, however, that such amendment, modification or termination shall not, without Grantee’s consent, reduce or diminish the value of this award determined as if it had been fully vested on the date of such amendment or termination.

12.    Plan Controls.  The terms contained in the Plan are incorporated into and made a part of the Notice of Award and this Agreement and this Agreement shall be governed by and construed in accordance with the Plan.  In the event of any actual or alleged conflict between the provisions of the Plan and the provisions of the Notice of Award and this Agreement, the provisions of the Plan shall be controlling and determinative.

13.    Governing Law.  This Agreement shall be construed in accordance with and governed by the laws of the State of Delaware, United States of America, regardless of the law that might be applied under principles of conflict of laws.

14.    Severability.  If any one or more of the provisions contained in this Agreement is deemed to be invalid, illegal or unenforceable, the other provisions of this Agreement will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included.

15.    Notice.  Notices and communications under the Notice of Award and this Agreement must be in writing and either personally delivered or sent by registered or certified United States mail, return receipt requested, postage prepaid.  Notices to the Company must be addressed to: Micron Technology, Inc., 8000 S. Federal Way, P.O. Box 6, Boise, ID 83716-9632, Attn: Secretary, or any other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on file with the Company, or at any other address given by Grantee in a written notice to the Company.

Exhibit A

Performance Units

The Performance Units will be earned, in whole or in part, based on (i) Grantee’s continued employment with the Company, and (ii) [the achievement of the performance metric] over the Performance Period, as follows:

	
		
	[Performance Metric]
	Payout Factor:  
% of Target Award Earned (1)

	 
	 

	 
	 

	 
	 

	 
	 

(1) Payouts between performance levels will be determined based on straight line interpolation.

Determination of Payout.  No later than 60 days after the end of the Performance Period (the “Confirmation Date”), the Committee shall determine and certify (i) [the results of the performance metric], and (ii) the resulting payout factor as set forth above (the “Final Payout Factor”).  The Target Award shall be multiplied by the Final Payout Factor to determine the number of Performance Units earned and vested (“Confirmed Performance Units”).

Payout Timing (Conversion to Shares).  The Confirmed Performance Units shall automatically convert to Shares on the Confirmation Date (the “Conversion Date”); provided that Grantee has remained continuously employed through the Conversion Date.exhibit101.htm

Exhibit 10.1

 

 

PURCHASE AND SALE AGREEMENT

THIS PURCHASE AGREEMENT (the “Agreement”) is dated for reference the 11th day of January, 2012 (the “Effective Date”).

AMONG:

MIKE THE PIKE PRODUCTIONS,  INC.

a company incorporated under the laws of the state of  Wyoming, with an executive

office at 3601 Hobson Road,  Suite 102, Ft. Wayne, Indiana, 46815

(the “Buyer”)

AND:

SAINT JAMES FILMS, LLC

a limited liability company incorporated under the laws of the state of Arizona, with an executive office at 10645 N. Tatum Blvd., Suite 200-130, Phoenix, AZ 85028.

(the “Seller”)

WHEREAS the Seller wishes to sell to the Buyer, and the Buyer wishes to purchase from the Seller, all of the member units of ownership of Seller, as contemplated by and on the terms set forth in this Agreement.

NOW THEREFORE in consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows:

	
1.

	
PURCHASE AND SALE

	
1.1

	
Subject to the terms of this Agreement, the Buyer agrees to purchase all of the Seller’s member units of ownership including all rights and privileges appurtenant thereto.

	
1.2

	
At the Closing (as defined below), as consideration for the purchase of  all of Seller’s member units of ownership, the Buyer shall issue and deliver to the Seller:

	
  

	
(a)

	
250,000 shares of the Buyer’s preferred stock representing 12.5% of the Buyer’s preferred stock outstanding at the time;

	
  

	
(b)

	
the Buyer shall, after the Closing, submit for shareholder approval resolutions that establish the following rights and restrictions of shares of the Buyer’s preferred stock:

	
  

	
(i)

	
conversion rights to shares of the Buyer’s common stock at a one thousand (1,000) to one (1) ratio;

	
  

	
(ii)

	
voting rights for each share of the Buyer’s preferred stock equivalent to one thousand (1,000) shares of the Buyer’s common stock; and

 

 

 

 

  

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(iii)

	
no dividend or liquidation rights.

	
  (c)   

	
A promissory note for one hundred thousand dollars ($100,000.00) due twelve

	
  

	
(12) months form the date of execution of this agreement.   This promissory note

	
  

	
shall be convertible into stock of Buyer with its terms specifically set forth in

	
  

	
Exhibit A attached.

	
1.3

	
Upon execution of this agreement Saint James Films, LLC, will become a wholly-owned subsidiary of Buyer.

2.           CLOSING

	
2.1

	
The closing of the transactions contemplated by this Agreement (the “Closing”) shall occur as soon as practicable after this Agreement is executed by the parties hereto,

	
2.2

	
In addition to the covenants of the Buyer set out in section 1, at the Closing:

	
  

	
(a)        the Buyer shall appoint Mark B. Newbauer to the Board of Directors of Saint. James Films, LLC.

	
  

	
(b)        the Buyer shall appoint Theodore Chalmers to the Board of Directors of Saint James Films, LLC.

	
  

	 

	
3.

	
REPRESENTATIONS AND WARRANTIES

3.1           Representations and Warranties of the Seller

	
  

	
(a)

	
Organization; Power. The Seller is a LLC incorporated and legally existing under the laws of the state of Arizona, and has all requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder.

	
  

	
(b)

	
Authorization. The execution, delivery and performance of this Agreement and all other agreements contemplated by this Agreement to which the Seller is a party have been duly and validly authorized by all necessary corporate action of the Seller. This Agreement and all other agreements contemplated by this Agreement, when executed and delivered by the parties thereto, shall constitute legal, valid, and binding obligations of the Seller, enforceable against the Seller in accordance with their terms, except as such enforceability may be limited by applicable bankruptcy, insolvency and similar laws affecting the rights of creditors generally or judicial limits on equitable remedies.

	
  

	
(c)

	
Conduct of Business; Liabilities. Except for any specified obligations of the Seller, described herein, the Seller is not in default under, and no condition exists that with notice or lapse of time or both would constitute a default of the Seller under:

 

 

 

 

  

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(i)

	
any mortgage, loan agreement, indenture, evidence of indebtedness, or other instrument evidencing borrowed money to which the Seller is a party or by which the Seller is bound; or

	
  

	
(ii)

	
any judgment, order or injunction of any court, arbitrator or governmental agency that would reasonably be expected to affect materially and adversely the assets of the Seller’s business, financial condition or results of operations.

	
  

	
(d)

	
No Adverse Consequences. The execution, delivery and performance of this Agreement by the Seller will not:

	
  

	
(i)

	
result in the creation or imposition of any lien, security interest, charge or encumbrance on the seller’s assets;

	
  

	
(ii)

	
violate or conflict with, or result in a breach of, any provision of the Seller’s Articles of Incorporation, Formation or Bylaws;

	
  

	
(iii)

	
violate any law, judgment, order, injunction, decree, rule, regulation or ruling of any governmental authority applicable to the Seller, or

	
  

	
(iv)

	
conflict with, constitute grounds for termination or acceleration of, result in the breach of the terms, conditions, or provisions of, result in the loss of any benefit to the Seller under, or constitute a default under (whether by virtue of the application of a “change of control” provision or otherwise) any agreement, instrument, license or permit to which either the Seller is a party or by which the Seller is bound.

	
  

	
(e)

	
No Undisclosed Liabilities. Except for as set forth in recorded filings against seller or the assets transferred herein, the assets transferred herein are not subject to any material liability or obligation.

	
  

	
(f)

	
Litigation. Except as set forth herein, there are no actions, suits, proceedings, orders, investigations, or claims pending or, to the Seller’s knowledge, threatened against the Seller or any of the Seller’s assets, at law or in equity, and the Seller is not subject to any arbitration proceedings or, to the Seller’s knowledge, any governmental investigations or inquiries.

	
  

	
(g)

	
Tax Matters. The Seller has filed all United States, state, local and foreign tax returns and reports required to be filed and has paid all taxes shown as due thereon, and no taxing authority has asserted any deficiency in the payment of any tax or has informed the Seller that it intends to assert any such deficiency or to make any audit or other investigation of the Seller for the purpose of determining whether such a deficiency should be asserted against the Seller.

	
  

	
(h)

	
Compliance with Laws. The Seller is in material compliance with all laws, statutes, ordinances, regulations, orders, judgments or decrees applicable to it, the enforcement of which, if the Seller were not in compliance therewith, would have a material adverse effect on the business and operations of the Seller. The Seller has not received any notice of any asserted present or past failure by the Seller to comply with such laws, statutes, ordinances, regulations, orders, judgments or decrees.

 

 

 

 

  

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(i)

	
Environmental, Health and Safety Matters. The Seller has obtained, has complied with, and is in compliance with, in each case in all material respects, all permits, licenses and other authorizations that are required pursuant to applicable environmental, health and safety legislation for its assets and operations. The Seller has not received any written or oral notice, report or other information regarding any actual or alleged material violation of any applicable environmental, health and safety legislation, or any material liabilities or potential material liabilities (whether accrued, absolute, contingent, unliquidated or otherwise), including any material investigatory, remedial or corrective obligations, relating to its assets arising under applicable environmental, health and safety legislation.

	
  

	
(j)

	
Permits and Licenses. The Seller holds, and at all times has held, all permits necessary to operate its business pursuant to all applicable statutes, laws, ordinances, rules and regulations of all government bodies, agencies and other authorities, except when the failure to hold any permit would not have a material adverse effect on the business. The Seller is in material compliance with all the terms of each permit, and there are no claims of material violation by the Seller of any permit. All applicable government entities and agencies that have issued any permits have consented or, prior to the Closing, shall have consented (when such consent is necessary) to the transfer of its assets without requiring any modification of the Seller’s rights or obligations under such permits.

	
  

	
(k)

	
Accuracy of Representations and Warranties. None of the representations and warranties of the Seller contain any untrue statement of material fact or omit any material fact necessary to the statements contained in this Agreement and are not misleading.

3.2           Representations and Warranties of the Buyer

	
  

	
(a)

	
Organization; Power. The Buyer is a corporation incorporated and legally existing under the laws of the state of Wyoming and has all requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder.

	
  

	
(b)

	
Authorization. The execution, delivery and performance of this Agreement and all other agreements contemplated by this Agreement to which the Buyer is a party have been duly and validly authorized by all necessary corporate action of the Buyer. This Agreement and all other agreements contemplated by this Agreement, when executed and delivered by the parties thereto, shall constitute legal, valid and binding obligations of the Buyer, enforceable against the Buyer in accordance with their terms, except as such enforceability may be limited by applicable bankruptcy, insolvency and similar laws affecting the rights of creditors generally or judicial limits on equitable remedies.

	
  

	
(c)

	
No Conflict with Other Instruments or Agreements. The execution, delivery and performance of this Agreement by the Buyer shall not:

	
  

	
(i)

	
violate or conflict with, or result in a breach of, any provision of the Buyer’s Articles of Incorporation or Bylaws;

 

 

 

 

  

- 4 -

  

 

 

	
  

	
(ii)

	
violate any law, judgment, order, injunction, decree, rule, regulation or ruling of any governmental authority applicable to the Buyer; or

	
  

	
(iii)

	
conflict with, constitute grounds for termination or acceleration of, result in a breach of the terms, conditions, or provisions of, result in the loss of any benefit to the Buyer under, or constitute a default under (whether by virtue of the application of a “change of control” provision or otherwise) any agreement, instrument, license or permit to which either the Buyer is a party or by which the Buyer is bound.

	
  

	 

	
  

	
(d)

	
Governmental Authorities. The Buyer is not required to submit any notice, report, or other filing with any government or regulatory authority in connection with the Buyer’s execution, delivery and performance of this Agreement, and no consent, approval, or authorization of any government or regulatory authority is required to be obtained by the Buyer in connection with the Buyer’s execution, delivery and performance of this Agreement.

	
  

	
(e)

	
Environmental, Health and Safety Matters. The Buyer has obtained, has complied with, and is in compliance with, in each case in all material respects, all permits, licenses and other authorizations that are required pursuant to applicable environmental, health and safety legislation for its assets and operations.

	
  

	
(f)         Litigation. There are no actions, suits, proceedings, orders, investigations or claims pending or, to the Buyer’s knowledge, threatened against the Buyer or its properties, assets, operations or businesses, at law or in equity, and the Buyer is not subject to any arbitration proceedings or, to the Buyer’s knowledge, any governmental investigations or inquiries that would have any material effect on the terms of this Agreement..

	
  

	
(h)        Accuracy of Disclosures.  All public disclosures of Buyer made in compliance with SEC (such as 10-Ks, 10-Qs, 8-Ks, etc.) or any other regulatory body are true and correct and do not contain any untrue statement of material fact or omissions of any material fact.

	
  

	
(i)

	
Tax Matters. The Buyer has filed all United States, state, local and foreign tax returns and reports required to be filed and has paid all taxes shown as due thereon, and no taxing authority has asserted any deficiency in the payment of any tax or has informed the Buyer that it intends to assert any such deficiency or to make any audit or other investigation of the Buyer for the purpose of determining whether such a deficiency should be asserted against the Buyer.

	
  

	
(j)

	
Accuracy of Representations and Warranties.  None of the representations or warranties of the Buyer contain any untrue statement of material fact or omit any material fact necessary to make the statements contained in this Agreement not misleading.

 

 

 

  

- 5 -

  

 

 

 

	
3.3

	
All representations, warranties, covenants and agreements made in this Agreement or in any exhibit, schedule, certificate or agreement delivered in accordance with this Agreement shall survive the Closing. The Seller’s and Buyer’s representations and warranties shall survive the Closing for a period of not less than two (2) years, with the exception of warranties of title, which shall survive in accordance with the provisions of applicable laws.

4.           CONDITIONS PRECEDENT

4.1           Conditions Precedent to the Buyer’s Obligations

	
  

	
(a)

	
Available Information. The Seller shall have provided the Buyer with all available information regarding the assets being purchased.

	
  

	
(b)

	
Representations and Warranties. Each of the representations and warranties made by the Seller in this Agreement shall be true and correct in all material respects at the Closing with the same effect as though such representations and warranties were made at that time, except for changes contemplated, permitted or required by this Agreement. The Seller shall have performed and complied with all agreements, covenants and conditions required of the Seller under this Agreement.

	
  

	
(c)

	
No Proceeding or Litigation. No action, investigation, suit or proceeding by or before any court, government or regulatory authority shall have been commenced and be continuing against the Seller, and no action, investigation, suit or proceeding shall have been threatened against the Seller or any of its affiliates, associates, officers or directors, seeking to restrain, prevent or alter the terms of this Agreement, questioning the validity or legality of this Agreement or seeking damages in connection with this Agreement other then what has been disclosed herein.

	
  

	
(d)

	
Material Change. The Seller shall not have suffered any material adverse change in its business, prospects, financial condition, working capital, assets, liabilities (absolute, accrued, contingent, or otherwise) or operations.

	
  

	
(e)

	
Film Production.  Theodore Chalmers agrees to act as Executive Producer for each of the film projects of Saint James Films, LLC, on an ongoing basis from the date of closing of this Agreement.  He shall be responsible for nurturing each project from development through to best possible sale for each project, toward the collective benefit for all involved.  His involvement as Executive Producer is an integral condition of this Agreement and shall continue for a minimum period of two (2) years.   Mr. Chalmers agrees, as a further integral condition of this Agreement, to produce not less than five (5) films or movies per year for a period of not less than two (2) years.  All parties agree that Gennaro Buonocore shall be assigned producer’s credits on any motion picture produced by the company during this period.

 

 

 

 

  

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(e)

	
Corporate Action. The Seller shall have furnished the Buyer with a copy, certified by an authorized signatory of the Seller, of the Seller’s resolutions authorizing the execution, delivery and performance of this Agreement.

4.2           Conditions Precedent to the Seller’s Obligations

	
  

	
(a)

	
Debt Obligations. The Buyer shall have no outstanding debt obligations as a requirement to consummate the transaction other than those filed under OTC Markets.

	
  

	
(b)        Funding of Films.  Buyer shall, on a best efforts basis, fund the production of not less than five (5) films or movies, budgeted at approximately $15,000.00 to $25,000.00 each, for its Saint James Films, LLC subsidiary during the course of the first twelve months of operation after the date of acquisition according to the terms of this Agreement.

(c)        Representations and Warranties. Each of the representations and warranties

            made by the Buyer in this Agreement shall be true and correct in all material

            respects at the Closing with the same effect as though such representations and

            warranties were made at that time, except for changes contemplated, permitted

            or required by this Agreement. The Buyer shall have performed and complied

            with all agreements, covenants, and conditions required of the Buyer under this

            Agreement.

(d)       No Proceeding or Litigation. No action, investigation, suit or proceeding by or

           before any court, government or regulatory authority shall have been commenced

           and be continuing against the Buyer, and no action, investigation, suit or

           proceeding shall have been threatened against the Buyer or any of its affiliates,

           associates, officers or directors, seeking to restrain, prevent or alter the terms of

           this Agreement, questioning the validity or legality of this Agreement or seeking

           damages in connection with this Agreement other then what is disclosed herein.

(e)      Corporate Action. The Buyer shall have furnished the Seller with a copy, certified

           by an authorized signatory of the Buyer, of the Buyer’s resolutions authorizing the

           execution, delivery and performance of this Agreement.

 

5.           CONDUCT OF THE SELLER PENDING THE CLOSING

	
5.1

	
Prior to the Closing, the Seller shall operate the its business in a manner consistent with past practice, and the Seller shall continue to use its reasonable efforts to keep available the services of current management and to preserve its current relationships with persons having business dealings with it.

	
5.2

	
Prior to the Closing, the Seller shall use, preserve and maintain, as far as practicable, in the ordinary course of business, all of its assets and business operations to the same extent and in the same condition as on the date of this Agreement. Without the Buyer’s prior written consent, the Seller shall not sell, transfer or encumber its assets or make any commitments relating to said assets, except in the ordinary course of business.

 

 

 

  

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5.3

	
The Seller shall comply in all material respects with all statutes, laws, ordinances, rules and regulations applicable to the Seller and its business operations in the ordinary course of business.

	
5.4

	
Prior to the Closing, the Seller shall notify the Buyer promptly of any material and  adverse change in its assets or business operations.

6.           JOINT COVENANTS

	
6.1

	
Without limiting any other obligations of the Seller and the Buyer herein, the Seller and the Buyer shall each use their best efforts to comply with all applicable securities laws and to satisfy the conditions set forth in this Agreement.

	
6.2

	
No press releases, other public announcements or notices to customers concerning the transactions contemplated by this Agreement shall be made by the Buyer or the Seller without the prior written consent of the other party, which consent shall not be unreasonably withheld; provided, however, that nothing herein shall prevent the parties from supplying information or making statements as required by any government authority or in order for the parties to satisfy their legal obligations (prompt notice of which shall, in any such case, be given to the parties).

	
6.3

	
On the reasonable request of any party after the Closing, the other parties shall take all action and execute all documents and instruments necessary or desirable to consummate and give effect to this Agreement.

7.           TERMINATION

	
7.1

	
This Agreement may only be terminated in writing with the mutual consent of the parties hereto.

8.           INDEMNIFICATION

	
8.1

	
Notwithstanding any investigation by the Buyer, from and after the Closing, the Seller shall indemnify, hold harmless, and defend the Buyer and its subsidiaries, shareholders, affiliates, officers, directors, employees, agents, successors and permitted assigns (collectively, the “Buyer’s Indemnified Persons”) from and against, and reimburse each of the Buyer’s Indemnified Persons with respect to, any and all losses, damages, liabilities, costs, and expenses, including interest from the date of such loss to the time of payment, penalties, and reasonable attorney fees (collectively, “Damages”) incurred by any of the Buyer’s Indemnified Persons by reason of or arising out of or in connection with any breach or inaccuracy of any surviving representation or warranty of the Seller made in this Agreement, and any failure by the Seller to perform any covenant required to be performed by the Seller pursuant to this Agreement. This indemnification extends to any Damages suffered by any of the Buyer’s Indemnified Persons, whether or not a claim is made against any of the Buyer’s Indemnified Persons by any third party.  The Seller’s liability pursuant to this indemnification shall not exceed the consideration the Seller shall receive pursuant to this Agreement and in no event more than $1,000,000.00 in actual damages only.  All provisions of this indemnification are expressly limited to actual damages only.

 

 

 

  

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8.2

	
Notwithstanding any investigation by the Seller, from and after the Closing, the Buyer shall indemnify, hold harmless, and defend the Seller and its subsidiaries, shareholders, affiliates, officers, directors, employees, agents, successors and permitted assigns (collectively, the “Seller’s Indemnified Persons”) from and against, and reimburse each of the Seller’s Indemnified Persons with respect to, any and all Damages incurred by any of the Seller’s Indemnified Persons by reason of or arising out of or in connection with any breach or inaccuracy of any representation or warranty of the Buyer made in this Agreement, and any failure by the Buyer to perform any covenant required to be performed by the Buyer pursuant to this Agreement. This indemnification extends to any Damages suffered by any of the Seller’s Indemnified Persons, whether or not a claim is made against any of the Seller’s Indemnified Persons by any third party. The Buyer’s liability pursuant to this indemnification shall not exceed the consideration the Buyer shall receive pursuant to this Agreement and in no event more than $1,000,000.00 in actual damages only.  All provisions of this indemnification are expressly limited to actual damages only.

	
  

	
8.3       The remedy provided by this section 8 shall be exclusive as to both parties with exception only for a determination of equitable relief.

9.           GENERAL PROVISIONS

	
9.1

	
Waiver. The failure of any party to comply with any obligation, covenant, agreement or condition in this Agreement may be waived by the party entitled to the performance of such obligation, covenant or agreement or by the party who has the benefit of such condition, but such waiver or failure to insist on strict compliance with such obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure.

	
9.2

	
Amendment. This Agreement may not be amended unless consented to in writing by the Buyer and the Seller.

	
9.3

	
Assignment. This Agreement may not be assigned by either party without the prior written consent of the other party hereto.

	
9.4

	
Notices. Any notice or communication required or permitted to be given under this Agreement shall be given in writing and shall be considered to have been given if delivered by hand, transmitted by facsimile transmission or mailed by prepaid registered post in the United States, to the address or facsimile transmission number of each party set out below:

To the Buyer:

MTP Productions, Inc.

Attn: Mark B. Newbauer

3601 Hobson road, Suite 102

Ft. Wayne, IN 46815

Facsimile: (310) 957-2656

To the Seller:

Saint James Films, LLC

Attn: Theodore Chalmers

10645 N. Tatum Blvd., Suite 200-130,

Phoenix, AZ 85028

 

 

 

  

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or to such other address or facsimile transmission number as either party may designate in the manner set out above;

	
  

	
Any notice or communication shall be considered to have been received:

	
  

	
(a)

	
if delivered by hand during business hours on a business day, upon receipt by a responsible representative of the receiving party, and if not delivered during business hours, upon the commencement of business on the next business day;

	
  

	
(b)

	
if sent by facsimile transmission during business hours on a business day, upon the sender receiving confirmation of the transmission, and if not transmitted during business hours, upon the commencement of business on the next business day; and

	
  

	
(c)

	
if mailed by prepaid registered post in the United States, upon the fifth business day following posting; except that, in the case of a disruption or an impending or threatened disruption in postal services every notice or communication shall be delivered by hand or sent by facsimile transmission.

	
9.5

	
Arbitration. All disputes arising under this Agreement shall be arbitrated by a mediator agreed upon by the parties prior to commencing any litigation.

	
9.6

	
Currency. All references to currency in this Agreement are to U.S. dollars unless otherwise stated.

	
9.7

	
Time of the Essence. Time shall be of the essence of this Agreement.

	
9.8

	
Invalidity. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision and any such invalid or unenforceable provision shall be deemed to be severable.

	
9.9

	
Entire Agreement. The provisions of this Agreement constitute the entire agreement between the parties and supersede all previous communications, representations and agreements, whether oral or written, between the parties with respect to the subject matter of this Agreement.

	
9.10

	
Enurement. This Agreement shall enure to the benefit of and be binding upon the parties and, except as otherwise provided or as would be inconsistent with the provisions of this Agreement, their respective heirs, executors, administrators, successors and assigns.

	
9.11

	
Independent Legal Advice. Each of the parties to this Agreement confirms and acknowledges that it has been provided with an opportunity to seek independent legal advice with respect to its rights, entitlements, liabilities and obligations hereunder and understands that it has been recommended that such advice be sought prior to entering into this Agreement.

	
9.12

	
Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. In the event that this Agreement is signed by one party and faxed to another, the parties agree that a faxed signature shall be binding upon the parties as though the signature was an original.

 

 

 

 

  

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9.13

	
Venue.  This agreement may be interpreted under the laws of the State of Indiana and any and all legal actions shall hold venue in the State of Indiana.

IN WITNESS WHEREOF this Agreement has been executed by the parties, and is effective as of the date of the last signature appearing below.

MTP PRODUCTIONS, INC.

/s/   Mark B. Newbauer                                                                                                             January 11, 2012

By:  Mark B. Newbauer, CEO/Producer                                                                                    Date

Saint JAMES FILMS, LLC.

Per:

/s/   Theodore Chalmers                                                                                                            January 11, 2012

By: Theodore Chalmers                                                                                                                Date

 

 

 

 

 

  

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EXHIBIT  A

CONVERTIBLE PROMISSORY NOTE

$100,000

This Convertible Promissory Note (the “Note”) is dated for reference the ____ day of January, 2012 (the “Effective Date”).

Maker:                                   MIKE THE PIKE PRODUCTIONS INC.

Address:       3601 Hobson Road. Suite 102, Ft. Wayne, IN 46815

Phone:           1-310-986-2731

Payee:                                    SAINT JAMES FILMS, LLC

Address:        15508 W. Bell Road, Suite 101, 310

                         Surprise, AZ 85374

Phone:

RECITALS:

	
A.

	
WHEREAS pursuant to an Purchase and Sale Agreement among Maker and Payee dated January 30, 2012 (the “Agreement”),  Maker has agreed to pay to Payee the sum of $100,000 in principal pursuant to and in accordance with the terms and conditions of this Note; and

NOW, THEREFORE:

 

 

	
1.

	
Promise to Pay.  In consideration for Payee selling all of its units of ownership, Maker promises to pay to the order of Payee, at Payee’s address set out above or at such other place as Payee may designate by written notice to Maker, the principal sum of $100,000 (the “Principal Balance”), together with any accrued interest and any fees or charges under this Note. If the accrued interest and any fees or charges under this Note exceed the actual payment received from Maker, then Payee shall have the right to add the difference to (and have it become part of) the unpaid Principal Balance. This Note reflects all monies due by Maker to Payee as of the date of the Agreement.

	
2.

	
Interest.  The Principal Balance shall be repaid at any time by Maker to Payee with interest, which shall accrue on the unpaid Principal Balance at the rate of ten percent (10%) per year, compounded semi-annually beginning on the date of execution of the above-referenced Purchase and Sale Agreement, and shall continue to accrue until all sums due under this Note are paid in full.

	
3.

	
Terms of Repayment.  The unpaid Principal Balance, together with any accrued interest, shall be payable as follows:

	
  

	
This entire remaining principal of the promissory note, together with any and all accumulated interest and/or  fees shall be due payable in full not later than twelve months from the date of execution of the Purchase and Sale Agreement referenced above (the “Maturity Date”).

 

 

 

 

  

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4.         Default.  If any payment under this Note is not received by Payee within ten (10) days of its due date the entire unpaid Principal Balance, together with any accrued interest and any fees or charges, shall immediately become due to Payee.

	
5.

	
Default Conversion Rights.

	
  

	
(a)

	
If payment in full under this Note is not made to Payee by within ten (10) day of the Maturity Date, Maker shall have the option to convert all or a portion of the unpaid Principal Balance, together with any accumulated interest and any fees or charges (a “Default Conversion”), into the number of shares of Maker’s common stock (the "Default Conversion Shares") equal to up to one hundred percent (100%), or any portion thereof, of the unpaid Principal Balance, together with any accrued interest and any fees or charges.  The conversion shall be at a price equal to the average daily closing price as computed over the entire term of the promissory note, then discounted ten percent (10%).

	
  

	
 (b)

	
Payee shall give written notice of any default to Maker,  at Maker’s address specified above. If Maker elects to effect a Default Conversion, then such Default Conversion shall be deemed to have been effected at the close of business on the date on which such default notice shall have been sent.

	
  

	
(c)

	
As promptly as practicable but in no event later than ten (10)Business Days after any Default Conversion, Maker, at its expense, shall cause Payee's name to be entered in the register of the shareholders of Maker in respect of the Default Conversion Shares and shall issue to Payee certificates evidencing same and deliver them to Payee at Payee’s address set out in the Conversion Notice, at Maker’s expense. "Business Day" for this purpose means any day other than a Saturday, Sunday or other day on which banks in the city of Ft. Wayne, Indiana are required or authorized to be closed.

	
7.

	
Prepayment.  Maker may prepay this Note at any time, in whole or in part, without penalty or premium.

	
8.

	
Costs and Attorneys’ Fees.  Maker agrees to pay Payee any costs Payee may incur as a result of Maker’s failure to make the payments provided for in this Note, including Payee’s attorneys’ fees, whether or not Payee files any type of court action or suit. If  Payee files a court action or suit and wins, Maker agrees to pay, in addition to the amounts due under this Note, Payee’s court costs and its reasonable attorneys’ fees as determined by the trial court and any appellate court or courts in the event the case is appealed, and on any petition for review.

	
9.

	
Consent and Waiver.  All suretyship defenses, including presentment, notice of dishonor and protest, are hereby waived by Maker and any endorsers of this Note. Any extension, waiver or renewal shall not affect the liability of Maker or any endorser.

	
10.

	
Controlling Law.  The laws of the State of Indiana shall be applicable for purposes of governing, construing and determining the validity of this Note and this transaction. The parties agree to attorn to the non-exclusive jurisdiction of Indiana for any dispute relating to this Note.

 

 

 

 

  

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11.

	
Security.  Pursuant to the terms of this Note, the convertible option of this Note shall provide the security for Payee.

	
12.

	
Authority of Signatories.  Maker (and the undersigned representative of Maker, if any) represents that Maker has the full power, authority and legal right to execute and deliver this Note, and that this Note constitutes a valid and binding obligation of Maker.

	
13.

	
Notices.  Any notice or communication required or permitted to be given under this Note shall be in writing and shall be considered to have been given if delivered by hand or mailed by prepaid registered post in the United States, to the address of each party set out above, or to such other address as either party may designate in the manner set out above.

	
  

	
Any notice or communication shall be considered to have been received:

	
  

	
(a)

	
if delivered by hand during business hours on a business day, upon receipt by a responsible representative of the receiving party, and if not delivered during business hours, upon the commencement of business on the next business day; and

	
  

	
(b)

	
if mailed by prepaid registered post in the United States, upon the fifth (5th) business day following posting; except that, in the case of a disruption or an impending or threatened disruption in postal services every notice or communication shall be delivered by hand or sent by facsimile transmission.

	
14.

	
General Provisions.  With respect to this Note, time shall be of the essence. Payments received on this Note may be applied by Payee in such manner and in such amounts and at such time or times and in such order and priority as Payee may see fit to the payment or reduction of such portion of this Note and/or such indebtedness, as Payee may elect. The words “Payee” and “Maker” shall include their respective successors, assigns, heirs, executors and administrators.

	
15.

	
Successors; Assigns; Third-Party Beneficiaries. The provisions of this Note shall be binding upon the parties hereto and their respective heirs, successors and permitted assigns. Neither this Note nor the rights or obligations of any party may be assigned without the prior written consent of the other party. Any attempted assignment in contravention of this Note shall be null and void and of no effect. This Note is for the sole benefit of the parties hereto and their respective heirs, successors and permitted assigns and no provision hereof, whether express or implied, is intended, or shall be construed, to give any other person any rights or remedies, whether legal or equitable, hereunder.

	
16.

	
Amendments.  This Note may not be amended, modified or supplemented except in writing signed by Maker and Payee.

	
17.

	
Currency.  All references to currency in this Note are to U.S. dollars.

 

 

 

 

  

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THE TERMS OF THIS AGREEMENT SHOULD BE READ CAREFULLY BECAUSE ONLY THOSE TERMS IN WRITING ARE ENFORCEABLE. NO OTHER TERMS OR ORAL PROMISES NOT CONTAINED IN THIS WRITTEN CONTRACT MAY BE LEGALLY ENFORCED. YOU MAY CHANGE THE TERMS OF THIS AGREEMENT ONLY BY ANOTHER WRITTEN AGREEMENT.

IN WITNESS WHEREOF and intending to be legally bound, Maker and Payee have executed this Note as of the Effective Date.

MAKER                                                                                                               PAYEE

Per: Saint James Flims, LLC                                                                              Per: MTP Productios, Inc.

/s/  Theodore Chalmers                                                                                  /s/   Mark B. Newbauer                                                                  

Theodore Chalmers, Managing Member                                                               Mark B. Newbauer, CEO

/s/  Genarro Bounocore                                  

Genarro Buonocore, Member

  

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