Document:

EE EX_10.06 2015.06.30 Q2

EXHIBIT 10.06
ORDINANCE NO.  017460

AN ORDINANCE AMENDING ORDINANCE NO. 16090, WHICH GRANTED A FRANCHISE TO EL PASO ELECTRIC COMPANY, TO INCREASE STREET RENTAL CHARGE

WHEREAS, the City Council of the City of El Paso ("City") granted to El Paso Electric Company ("Company") a franchise to operate the electric utility for transmission and distribution of electrical energy within the boundaries of the City of El Paso on July 12, 2005 by Ordinance No. 16090;
WHEREAS, the City and the Company mutually desire to promote economic development within the City of El Paso, including economic development incentives for new commercial users with high electric energy needs, the attraction of companies that will make significant investments of capital and human resources in the community, solar and other renewable energy rebates or incentives, or to increase the City's capacity in alternative energy research, development, manufacturing and generation; and
WHEREAS, the parties wish to increase the Street Rental Charge paid by the Company to the City, and the City wishes to use the increased fees for the economic development purposes described herein.

NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EL PASO:
Section 1. Section 13, Compensation, the first sentence of Subsection (b) is hereby amended to read as follows:

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(b) Effective August 1, 2010, the Company will increase the Street Rental Charge paid by the Company to the City on a quarterly basis during the life of this Franchise by three quarters of one percent (0.75%) ("Additional Fee") to a total amount of four percent (4.0 %) of the gross revenues the Company receives for the generation, transmission and distribution of electrical energy and other services within the City and four and three quarters percent (4.75%) of BPL-related gross revenues within the City of El Paso, which Additional Fee shall be allocated by the City for promotion of economic development, including economic development incentives for new commercial customers with high electric energy needs, the attraction of companies that will make significant investments of capital and human resources in the community, solar or other renewable energy rebates or incentives, or to increase the City's capacity in alternative energy research, development, manufacturing and generation, and for such other economic development public purposes as reasonably determined by the City.  The Additional Fee shall be placed in a restricted fund to be used solely for the economic development purposes described herein and cannot be commingled with existing Street Rental Charges to support or supplement general fund operations. The City will provide an annual update on the status, uses, and economic impact of the Additional Fee to the City Council and the public.

Section 2. This ordinance shall take effect on November 19, 2010.

Section 3. Except as expressly herein amended, Ordinance No. 16090 granting
the Franchise shall continue in full force and effect. All capitalized terms used in this

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Ordinance that are not defined herein shall have the meaning ascribed to such terms in
Ordinance No. 16090.

PASSED AND APPROVED this16th day of November, 2010.

CITY OF EL PASO:

/s/ John F. Cook                           
ATTEST:                    John F. Cook, Mayor

/s/ Richarda Duffy Momsen                 
Richarda Duffy Momsen, City Clerk

APPROVED AS TO FORM:                APPROVED AS TO CONTENT:

/s/ Bertha A. Ontiveros                /s/ William F. Studer Jr.    
Bertha A. Ontiveros                    William F. Studer, Jr.
Assistant City Attorney                Deputy City Manager
Financial Services

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ACCEPTANCE

The Amendment of the Franchise granted by the City of El Paso on November 16, 2010 is hereby accepted this 21 day of December, 2010. 

EL PASO ELECTRIC COMPANY, GRANTEE

BY  /s/ David W. Stevens                    [Reviewed and Approved
       Legal Department]
ITS  CEO                                        

STATE OF TEXAS 
COUNTY OF EL PASO 

This instrument was acknowledged before me on this 21 day of
December, 2010 by David W. Stevens. 

/s/ Valerie J. Pugh                         
Notary Public, State of Texas
                            

My commission expires:
12-9-2012
[Notary Seal]

Received for filing this 23 day of December, 2010.

/s/ Richarda Duffy Momsen              
Richarda Duffy Momsen, City Clerk

                            4Exhibit 10.1

                                 PROMISSORY NOTE

$25,000.00                                                 San Diego, California
                                                                  March 17, 2015

     FOR VALUE RECEIVED,  the  undersigned,  GLOBAL NEWS NETWORK,  INC. in their
capacity  ("Borrower")  promise to pay in lawful  money of the United  States of
America,  to PETER  LAMBERT  referred to in this  Agreement  as  ("Lender")  the
principal sum of Twenty Five Thousand Dollars ($25,000.00), which will result in
the payment of $30,000 when including principal and interest as set forth below:

     1. INTEREST. The Parties acknowledge that this Promissory Note (hereinafter
"Note or  Promissory  Note") shall accrue  simple  interest at $55.55 per day or
$5,000 interest in 90 days as agreed upon by Borrower and Lender,  after receipt
of said funds.

     2. TERM DUE DATE. The Borrowers  shall pay the entire amount owed in, which
payment shall be the complete and full payment of principal and interest  within
90 days from the date of funds being received in Borrower's bank.

     3. LATE PAYMENT FEE. There shall be a late payment fee of five percent (5%)
of payment if the payment is not  received  within  fifteen  (15) days after the
monthly due date.

     4. PREPAYMENT.  There shall be no penalty for the prepayment of any portion
of principal or accrued interest,  however notwithstanding the foregoing payment
in full  shall  require  payment  of  principal  and  interest  in the amount of
$30,000.

     5.  AFFIRMATIVE  COVENANTS.  Until  this  Note is paid  in  full,  Borrower
covenants and agrees to do the following:

     a.  Promptly  inform  Lender of the  occurrence  of any default or Event of
Default  as it is  defined in this Note or any other  event  which  could have a
material  adverse  effect  upon  Borrowers'  business,   properties,   financial
condition or ability to comply with its obligations hereunder, including without
limitation  its  ability  to pay  the  amount  of  this  Note  and  all  monthly
installment payments due hereunder;

     6. NEGATIVE COVENANTS. Until this Note is paid in full, Borrower shall not,
without Lender's prior written consent, which consent will be solely at Lender's
discretion, do any of the following:

     a. Permit any levy, attachment or restraint to be made affecting any of the
Borrowers' assets;
<PAGE>
     b.  Permit  any  judicial  officer  or  assignee  to be  appointed  or take
possession of any or all assets;

     c. Take any other action that could be deemed detrimental to the Borrower's
ability to make good on the monthly and/or  ultimate  payments  called for under
the within note;

     7. DEFAULT AND ACCELERATION.

     7.1 If default  shall be made in the payment when due of all or any part of
any installment of principal or interest,  then the entire sum of principal then
unpaid, together with accrued interest thereon, shall become immediately due and
payable at the option of the Lender of this Note, without notice. The failure of
Borrower to pay any  installment  of principal and interest as called for as set
forth herein  above,  and or principal and interest as and when it is ultimately
due, i.e. the final  payment is due,  April _____,  2015,  with any such failure
continuing  uncured  for  fifteen  (15) days  after such due date,  and/or  such
maturity date, shall confer on Lender the privilege or option, to accelerate and
call due the entire  amount of  principal  outstanding  along with any  interest
remaining due, evidenced hereby which is unpaid,  anything in the within Note to
the contrary notwithstanding.

     7.2 Furthermore,  the obligations  under this Note shall become all due and
payable upon the happening of any of the following events:

     A. Upon the bankruptcy or appointment of a receiver of the assets of either
of the Payors.

     B. Upon a levy by any third party  including the United  States  Government
and/or the State of  California on any of the  properties  owned by the Borrower
with the same levy  remaining  in place for twenty five (25) days or more,  then
the Lender shall have the right to call for full  acceleration  of all principal
amounts  as well as all  accrued  interest  forthwith.  Any waiver of a right to
accelerate  the due date of the  principal  under  this  provision  shall not be
interpreted to be continuing waiver.

     8.  REMEDIES  CUMULATIVE.  The rights and remedies of Lender as provided in
this  Note  shall  be  cumulative  and  concurrent  and may be  pursued  singly,
successively, or together against Borrower, or any other persons or entities who
are, or may become, liable for all or any part of this indebtedness, at the sole
discretion  of Lender.  Failure to exercise any such right or remedy shall in no
event be  construed  as a waiver or release of such rights or  remedies,  or the
right to exercise them at any later time.

     9.  BORROWER'S  OBLIGATIONS.  If more than one person is a Borrower of this
Note,  each person  warrants and promises to keep all of the  obligations  under
this Note for the full amount owed. Any person who takes over these  obligations
shall also be bound by this section.

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<PAGE>
     10. DISPUTE RESOLUTION.

     10.1 If a dispute arises under this Agreement,  the dispute may be referred
to a mediator selected by mutual agreement for non-binding mediation between the
parties in accordance  with the rules  established for mediation by the Judicial
Arbitration  & Mediation  Service,  Inc.  ("JAMS"),  Endispute,  or the American
Arbitration  Association  ("AAA"),  as the parties  agree,  in San Diego County,
California.  At any time after submission of the matter to mediation,  any party
may  submit  such  dispute  to  binding  arbitration  in  accordance  with  this
paragraph.

     10.2 All disputes  arising under this  agreement  which are not resolved by
mediation  will be resolved by submission to binding  arbitration at the offices
of JAMS or AAA, as the parties  agree (the  "Arbitrator"),  in San Diego County,
California.  The parties  shall  agree on an  arbitrator  from the  Arbitrator's
panel.  The  arbitrator  must be either an  attorney  or retired  judge.  If the
parties  are  unable  to  agree,  the  Arbitrator  will  provide a list of three
available persons and each party may strike one. The remaining person will serve
as the  arbitrator.  The aggrieved  party shall initiate  arbitration by sending
written  notice of its intention to arbitrate by registered or certified mail to
all parties and to the Arbitrator.  The notice must contain a description of the
dispute, the amount involved, and the remedies sought.  Furthermore,  within the
discretion of the  arbitrator  and based upon the law and the facts,  the matter
can be disposed of by the arbitrator through a law and motion process in lieu of
an actual arbitration hearing, if appropriate.

     The arbitrator shall schedule a prehearing conference to reach agreement on
procedural matters, arrange for the exchange of information, obtain stipulations
and attempt to narrow the issues.  The parties will submit a proposed  discovery
schedule to the arbitrator at the prehearing conference.  The scope and duration
of discovery  will be within the sole  discretion of the  arbitrator,  provided,
however, the parties shall be entitled to discovery in accordance with the rules
of the  Superior  Court of the State of  California,  County of San  Diego.  The
parties  must file  briefs  with the  arbitrator  at least three days before the
hearing, specifying the facts each intends to prove and analyzing the applicable
law. The parties have the right to  representation  by legal counsel  throughout
the  arbitration  proceedings.  Expert  witnesses may be used in the arbitration
proceeding  just as they are used in normal  civil  litigation  in the  Superior
Court of the State of California.

     Judicial  rules of evidence  and  procedure  relating to the conduct at the
hearing, examination of witnesses, and presentation of evidence shall not apply.
Any relevant evidence, including hearsay, shall be admitted by the arbitrator if
it is the sort of evidence on which  responsible  persons are accustomed to rely
on in the conduct of serious  affairs,  regardless of the  admissibility of such
evidence in a court of law.  Within  reasonable  limitations,  both sides at the
hearing  may  call and  examine  witnesses  for  relevant  testimony,  introduce
relevant  exhibits or other documents,  cross-examine  or impeach  witnesses who
shall have testified orally on any matter relevant to the issues,  and otherwise
rebut  evidence,  as long as these  rights are  exercised  in an  efficient  and
expeditious  manner. Any party desiring a stenographic record may secure a court
reporter to attend the  proceedings.  The requesting party must notify the other

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<PAGE>
parties of the  arrangements in advance of the hearing and must pay for the cost
incurred. Any party may request the oral evidence to be given under oath.

     The decision of the arbitrator shall be based on the evidence introduced at
the hearing,  including all logical and  reasonable  inferences  there from. The
arbitrator may grant any remedy or relief which is just and equitable. The award
must be in writing  and  signed by the  arbitrator.  It shall  contain a concise
statement  of the reasons in support of the  decision.  The award must be mailed
promptly to the  parties,  but no later than thirty days from the closing of the
hearing. The award may be judicially enforced  (confirmed,  corrected or vacated
pursuant to Section 1285, ET SEQ., of the California  Code of Civil  Procedure).
The award shall be final and binding,  and there shall be no direct  appeal from
the  award  on the  grounds  of  error in the  application  of the  law.  Unless
otherwise agreed, each party must pay its own witness fee and its pro rata share
of  the  arbitrator's  fees.  The  arbitrator  shall  have  authority  to  award
attorney's fees, costs and arbitration fees advanced to the prevailing party.

     Nothing in this  paragraph  shall limit the rights of the parties to obtain
provisional or ancillary  remedies such as injunctive  relief or the appointment
of a receiver from a court of competent  jurisdiction  before,  during, or after
the pendency of any arbitration.  ALL PARTIES UNDERSTAND AND ACKNOWLEDGE THAT BY
AGREEING  TO  BINDING  ARBITRATION,  THEY ARE  WAIVING  THE RIGHT TO SUBMIT  THE
DISPUTE FOR DETERMINATION BY A COURT AND THEREBY ARE ALSO WAIVING THE RIGHT TO A
JURY OR COURT TRIAL.  ALL PARTIES  UNDERSTAND THAT AGREEMENT TO THIS ARBITRATION
PROVISION IS VOLUNTARY AND IS BINDING ON ANY SUCCESSOR IN INTEREST.

     11. NO AMENDMENT OR WAIVER  EXCEPT IN WRITING.  This Note may be amended or
modified only by a writing duly executed by Borrowers,  any co-Borrower,  hereof
and Lender,  which amendment expressly refers to this Note and the intent of the
parties to so amend this Note.  No provision of this Note shall be deemed waived
by Lender, unless waived in a writing executed by Lender, which expressly refers
to this Note,  and no such  waiver  shall be implied  from any act or conduct of
Lender,  or any omission by Lender to take action with respect to any  provision
of this Note. No such express written waiver shall affect any other provision of
this Note,  or cover any default or time period or event,  other than the matter
as to which an express written waiver has been given.

     12. NO INTENT OF USURY. None of the terms and provisions  contained in this
Note shall ever be construed to create a contract for the use,  forbearance,  or
detention  of money  requiring  payment of  interest  at a rate in excess of the
maximum  interest  permitted  to be charged  by  applicable  laws or  regulation
governing  this Note  ("Usury  Laws").  Borrower  shall never be required to pay
interest  on this Note in excess of the  maximum  interest  that may be lawfully
charged  under such Usury Laws, as made  applicable  by the final  judgment of a
court of competent  jurisdiction,  and the  provisions  of this Section 12 shall
control over all other provisions hereof and of any other instrument executed in
connection  herewith or executed to secure the  indebtedness  evidenced  hereby,
which may be in apparent  conflict with this Section.  If Lender  collect monies
which are deemed to  constitute  interest  which would  otherwise  increase  the

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<PAGE>
effective interest rate on this Note to a rate in excess of that permitted to be
charged by such Usury  Laws,  all such sums  deemed to  constitute  interest  in
excess of the  maximum  rate  shall,  at the sole  option of  Lender,  either be
credited to the payment of principal or returned to Borrowers.

     13. CHOICE OF LAW. This Note shall be construed in accordance with the laws
of the State of California.

     14.  ATTORNEY  FEES.  If suit or  arbitration  is brought  herein  (whether
settled or pursued to final judgment or award), or if an attorney is employed or
expenses are incurred to compel payment of this  Promissory  Note or any portion
of the  indebtedness  evidenced  hereby,  the  undersigned  promises  to pay all
attorney's fees and collection costs incurred in those legal efforts in each and
every action,  suit,  or other  proceeding,  including  any and all appeals,  or
petitions there from. As used herein,  the term "attorneys' fees" means the full
costs of legal  services  performed  in  connection  with the matters  involved,
calculated  on the basis of usual fees charged by an attorney  performing  those
services,  and not  limited to  "reasonable  attorneys'  fees" as defined in any
statute or rule of the court.

     15. USE OF PROCEEDS.

     The intended use of the proceeds of this document are as follows:

     1. State of Nevada Corporate Fees;

     2. SEC/FINRA Fees;

     3. Stock Transfer Agent Fees; and

     4. Remaining balance (if any) will be used as Working Capital

     The Lender can review said fees by use of online status of the Corporation.

     IN WITNESS  THEREOF the parties  hereto have executed this agreement on the
date set forth below.

BORROWER:

By: /s/  John Fleming                                       Date: March 17, 2015
   ---------------------------------
GLOBAL NEWS NETWORK, INC
By: John Fleming, CEO

LENDER:

Terms herein acknowledged and agreed to this date.

By: /s/ Peter Lambert                                       Date: March 17, 2015
   ---------------------------------
PETER LAMBERT, Individually

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