Document:

§ 3:56 Lock-up agreement and waiver of registration rights

EXHIBIT 4.04

 

		
	Shareholder Name: ______________________

	 

Lock-Up Agreement

Board of Directors

Infe Human Resources, Inc.

67 Wall Street

New York, NY 10002

The undersigned is an owner of record or beneficially of certain shares of common stock of the Infe Human Resources, Inc. (the “Company”) acquired in the acquisition of Gilsor Technologies, Inc. including both shares and shares underlying warrants (any shares resulting from the acquisitions of Gilsor being the "Common Shares") or securities convertible into or exchangeable or exercisable for Common Shares.  The undersigned is a party to certain contracts or agreements with the Company, to which the undersigned acknowledges, will be beneficial to the Company and the undersigned.

In consideration of the foregoing, the undersigned hereby agrees that the undersigned will not offer to sell, contract to sell, or otherwise sell, dispose of, loan, pledge or grant any rights with respect to (collectively, a "Disposition") any Common Shares, any options or warrants to purchase any Common Shares or any securities convertible into or exchangeable for Common Shares (collectively, "Securities") now owned or hereafter acquired directly by such person or with respect to which such person has or hereafter acquires the power of disposition, otherwise than (i) as a bona fide gift or gifts, provided the donee or donees thereof agree in writing to be bound by this restriction, (ii) as a distribution to partners or shareholders of such person, provided that the distributees thereof agree in writing to be bound by the terms of this restriction, (iii) with respect to sales or purchases of Common Shares acquired on the open market or (iv) with the prior written consent of the Company.  The foregoing restrictions will terminate after the close of trading of the Common Shares on the 365th day following the date of this Lock-Up Agreement (the "Lock-Up Period"). The foregoing restriction has been expressly agreed to preclude the holder of the Securities from engaging in any hedging or other transaction which is designed to or reasonably expected to lead to or result in a Disposition of Securities during the Lock-Up Period, even if such Securities would be disposed of by someone other than such holder. Such prohibited hedging or other transactions would include, without limitation, any short sale (whether or not against the box) or any purchase, sale or grant of any right (including, without limitation, any put or call option) with respect to any Securities or with respect to any security (other than a broadbased market basket or index) that included, relates to or derives any significant part of its value from Securities. The undersigned also agrees and consents to the entry of stop transfer instructions with the Company's transfer agent and registrar against the transfer of Common Shares or Securities held by the undersigned except in compliance with the foregoing restrictions.

This agreement is irrevocable and will be binding on the undersigned and the respective successors, heirs, personal representatives, and assigns of the undersigned. Nothing in this Lock-Up Agreement shall constitute an offer by the Company to sell, or create any right or obligation for the undersigned to purchase, Common Shares or Securities of the Company. This Lock-Up Agreement shall be governed by and construed in accordance with the internal laws of the state of New York of the United States applicable to agreements made and to be performed in such state.

Dated:  

———————————————

Printed Name of Shareholder

By:  

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SignatureIrrevocable Proxy

EXHIBIT 4.05

INFE HUMAN RESOURCES, INC.

a Nevada corporation

IRREVOCABLE PROXY COUPLED WITH AN INTEREST

The undersigned shareholder (the “Shareholder”) of record of Infe Human Resources, Inc., a Nevada corporation (the “Company”) hereby appoints Arthur Viola, Chief Executive Officer of the Company (“Viola”), with full power of substitution, to cast all votes such Shareholder may have, as Shareholder’s proxy, at any and all meetings of the shareholders of the Company, and as such Shareholder’s proxy, to consent or dissent to any action taken without a meeting, and further makes, constitutes and irrevocably appoints Viola to act as the true and lawful proxy and attorney-in-fact in the name and on behalf of such Shareholder, with full power to appoint a substitute or substitutes, to vote and execute and deliver written voting consents with respect to the entirety of such Shareholders share ownership in the Company, to the extent and with the same effect such Shareholder could do under any applicable laws or regulations governing the rights and powers of shareholders of the Company (the irrevocable proxy granted hereunder, the "Irrevocable Proxy").

THIS PROXY AND POWER OF ATTORNEY ARE IRREVOCABLE AND COUPLED WITH AN INTEREST.  This Irrevocable Proxy is being given to Viola in connection with that certain Stock Purchase Agreement, by and between the Company and Gilsor Technology, Inc. and in connection with certain consulting and/or employment obligations of the Shareholder to the Company.   All power and authority conferred under this Irrevocable Proxy shall not be terminated by any act of the undersigned or by operation of law, by death or incapacity of the undersigned, by lack of appropriate power or authority, or by the occurrence of any other event or events, except as expressly provided herein. If, after the execution of this Irrevocable Proxy, any such event or events shall occur, Viola is nevertheless authorized and directed to vote the shares in accordance with the terms of this Irrevocable Proxy as if such death, incapacity, lack of appropriate power or authority or other event or events had not occurred and regardless of notice thereof. This Irrevocable Proxy shall be binding upon, and enforceable against, all beneficiaries, heirs at law, legatees, distributees, successors, assigns, transferees and legal representatives of the Shareholder.

This Irrevocable Proxy shall terminate on the sooner of (i) five years from the date of this Irrevocable Proxy, or (ii) the bona fide transfer for value of the shares to which this Irrevocable Proxy apply, to a non-affiliate of the Shareholder.  

    

The parties hereto expressly acknowledge and agree that this Irrevocable Proxy gives Viola the exclusive right to vote (or consent) with respect to the shares.

___________________________________

_____________________________ 

Signature

Date

___________________________________ 

Print name

___________________________________

AddressMark R

BAYBERRY CAPITAL, INC.

EXHIBIT 10.1

Mr. Arthur Viola

INFe-Human Resources, Inc..

67 Wall Street, 22nd Floor

New York, NY 10005

Dear Arthur:

Further to our recent discussions, this letter confirms our agreement for Bayberry Capital, Inc. (“Bayberry”) to provide certain financial advisory and consulting services to INFe-Human Resources, Inc. (“IFHR”) on the following terms and conditions:

1.   1 million warrants in the name of the President of Bayberry with a $.50 strike price and in the form attached hereto.  These warrants are or will be registered on Form S-8 within 30 days hereof.

2.  A monthly cash fee equal to the lesser of (a) $6,250 or (b) 1/36 of 1% of the cumulative acquired revenue where cumulative acquired revenue is the sum of the annual revenues for all companies introduced by Gilsor Technology Holdings, Inc. or its shareholders (collectively, “Gilsor”) to IFHR and acquired by IFHR where annual revenue is based on the last twelve months (“LTM”) operating performance of the acquired company preceding its acquisition by IFHR.  For instance, if a company with $10 million in LTM revenue is introduced by Gilsor, then the monthly fee would increase from its then current level by $2,777.78.

3.  Bayberry shall provide such financial advisory and/or consulting services as are mutually agreed upon by Bayberry and IFHR including advice regarding maximizing IFHR shareholder value, financial structuring, capital structure, mergers and acquisitions, executive search and retention and other services.  Bayberry shall provide such time as is reasonably necessary to assist IFHR with its needs but in no event shall Bayberry be obligated to provide more than 20 hours per month of consulting time in any calendar month.

 This Agreement shall have an initial term of two years and shall be automatically extended for three additional years to the extent that the monthly cash fee on April 1, 2009 is equal to or greater than $2,500.  If IFHR is acquired, this contract may be “bought out” for a termination fee of $25,000.  This Agreement may be terminated by mutual agreement of the parties.  This Agreement may be terminated by either party for cause.

Non-Solicitation/No-Pirating.  Consultant acknowledges the Company’s reliance on and expectation of Consultant’s continued commitment to performance of its duties and responsibilities during the term of this Agreement. In light of such reliance and expectation, during the term hereof and for one (1) year after termination of this Agreement Consultant shall not, directly or indirectly, do or suffer any of the following: (i) Solicit the employment of, assist in the soliciting the employment of, or otherwise solicit the association in business with any person or entity of, any employee, consultant 

BAYBERRY CAPITAL, INC.

or agent of the Company; or (ii) Induce any person who is a customer of the Company to terminate said relationship.

Nondisclosure; Return of Materials.  During the term of this Agreement with the Company and following termination of such Agreement, Consultant will not disclose (except as required by its duties to the Company), any concept, design, process, technology, trade secret, customer list, plan, embodiment or invention, any other intellectual property (“Intellectual Property”) or any other confidential information, whether patentable or not, of Company of which Consultant becomes informed or aware during this Agreement, whether or not developed by Consultant. In the event of the termination of this Agreement or the expiration of this Agreement, Consultant will return to the Company all documents, data and other materials of whatever nature, including, without limitation, drawings, specifications, research, reports, embodiments, software and manuals that pertain to its Consulting with the Company or to any Intellectual Property and shall not retain or cause or allow any third party to retain photocopies or other reproductions of the foregoing.

Consultant agrees to the remedy of injunctive relief for a violation of the Non-Solicitation/No-Pirating and Nondislosure; Return of Materials paragraphs of this Agreement.

Tax Liability.  The Consultant agrees as an independent contractor to be solely responsible for all taxes and other costs and expenses attributable to the compensation payable to and services provided by the Consultant hereunder, and has taken any and all action to comply with all applicable federal, state, and local laws, pertaining to the same.  

Consent to Jurisdiction.  Consultant and the Company each irrevocably: (i) submits to the exclusive jurisdiction of the New York court(s) for the purpose of any proceedings arising out of this Agreement or any transaction contemplated by this Agreement; (ii) agrees not to commence such proceeding except in these courts; (iii) agrees that service of any process, summons, notice or document by U.S. registered mail to a party’s address as provided herein shall be effective service of process for any such proceeding; and (iv) waives any objection to the laying of venue of any such proceeding in these courts.

This Agreement shall be governed by and construed according to the laws of the State of New York.

BAYBERRY CAPITAL, INC.

Please confirm your understanding of the above agreement by countersigning below and faxing to us.

We look forward to working with you.

Sincerely,

President

Bayberry Capital, Inc.

AGREED TO:

INFE-HUMAN RESOURCES, INC.

By:__________________________

Its:__________________________

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