Document:

opmg_ex1017.htm

EXHIBIT 10.17

FIRST AMENDMENT TO STOCKHOLDERS AGREEMENT

This FIRST AMENDMENT TO STOCKHOLDERS AGREEMENT is made this 27th day of August, 2010 (this “Amendment”), by and among Options Media Group Holdings, Inc., a Nevada corporation (“Options”), Scott Frohman (“Frohman”), Anthony Sasso (“Sasso”) and Paul Taylor (“Taylor”).

 

WHEREAS, Options, Frohman and Sasso entered into that certain Stockholders Agreement dated April 16, 2010 (the “Agreement”); and

WHEREAS, the Company, Frohman and Sasso desire to amend the Agreement in accordance with this Amendment.

NOW THEREFORE, in consideration of the premises and of the covenants and agreements set forth herein, the undersigned agree that the Agreement shall be amended as follows:

1.  Taylor shall be added as a party to the Agreement.

2.  Every reference to the term “Stockholder” in the Agreement shall include Taylor.

3.  Except as specifically amended hereby, the Agreement remains in full force and effect in accordance with its terms.

 

  

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above.

 

	 	Options Media Group Holdings, Inc.	 
	 	 	 	 
	
 

	
By: 

	/s/ Scott Frohman	 
	 	 	Scott Frohman	 
	 	 	Chief Executive Officer	 
	 	 	 	 
	 	 	 	 
	 	 	/s/ Scott Frohman	 
	 	 	Scott Frohman	 
	 	 	 	 
	 	 	 	 
	 	 	/s/ Anthony Sasso	 
	 	 	Anthony Sasso	 
	 	 	 	 
	 	 	 	 
	 	 	/s/ Paul Taylor	 
	 	 	

Paul Taylor

	 

 

 

 

2opmg_ex1018.htm

EXHIBIT 10.18

 

	
OPTIONS MEDIA GROUP HOLDINGS, INC. 

123 NW 13th Street, Suite 300123

Boca Raton, FL 33432

Facsimile: (561) 892-2618 

	 	PG ACQUISITION CORP, INC. 

NW 13th Street, Suite 300

Boca Raton, FL 33432

Facsimile: (561) 892-2618

 

August 11, 2010

Mr. Anthony Sasso

6574 N. State Road 7

Suite 278

Coconut Creek, FL 33073

Re:    Series C Preferred Stock

Dear Anthony:

This letter (this “Agreement”) shall set forth our agreement with respect to the 1,750 shares (the “Original Shares”) of Series C Preferred Stock of Options Media Group Holdings, Inc., a Nevada corporation (“OPMG”), as represented by stock certificate No. 1 dated April 19, 2010 (the “Original Series C Stock Certificate”), issued to you pursuant to that certain employment agreement (the “Employment Agreement”) dated April 16, 2010 by and between you and PG Acquisition Corp, Inc., a Florida corporation (“Phoneguard”). You hereby acknowledge that no Original Shares have vested under the Employment Agreement.

For $10.00 and other valuable consideration, the sufficiency of which you hereby acknowledge, you hereby agree to the following:

1.  The Original Shares are hereby cancelled. Upon your return of (i) the Original Series C Stock Certificate and (ii) an executed stock power in form acceptable to OPMG and its counsel, OPMG shall promptly issue you a new stock certificate for 675 shares of Series C Preferred Stock of OPMG (the “New Original Series C Stock Certificate”), which shall vest in accordance with the Employment Agreement, as amended by Section 2 of this letter agreement.

2.  The Employment Agreement is hereby amended as follows. Section 4(b) of the Employment Agreement shall be deleted in its entirety and the following inserted in lieu thereof:

(b)  Performance Bonus.  Subject to the Employee executing a lock-up/leak-out agreement in the form attached hereto as Exhibit A, the Company shall deliver 675 shares of Series C Preferred Stock of the Parent to Employee, which shall be restricted and shall be subject to the following vesting schedule:

 

(i)  39 shares of Series C Preferred Stock of Parent for each 100,000 software licenses that are sold by the Company or its reseller(s) pursuant to that certain sublicense agreement of even date herewith by and between the Company and Cellular Spyware, Inc., a Nevada corporation (the “Sublicense Agreement”), not to exceed an aggregate of 1,000,000 software licenses.

(ii)  193 shares of Series C Preferred Stock of Parent upon the  aggregate sales of 1,000,000 software licenses by the Company or its reseller(s) pursuant to the Sublicense Agreement.

(iii)  77 shares of Series C Preferred Stock of Parent for each 100,000 software licenses that are sold by the Company or its reseller(s) pursuant to the Sublicense Agreement over 1,000,000 software licenses.

 

To the extent that any and/or a partial amount of remaining shares pursuant to this Section 4(b) are not fully vested within five (5) years following the date of this Agreement or the earlier termination of employment of Employee, such unvested shares shall be cancelled.

Any shares of common stock of Parent received through a conversion of the Series C Preferred Stock of Parent shall be subject to the vesting schedule of this Section 4(b); provided, however, the number of shares shall be appropriately adjusted to reflect the applicable conversion formula.

 

  

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By signing below, you hereby agree in writing to be bound by the terms of this Agreement.

 

	
Yours very truly,

 

Options Media Group Holdings, Inc.

	 	
Yours very truly,

 

PG Acquisition Corp, Inc.

	 
	 	 	 	 	 
	 	 	 	 	 
	By: 	
/s/ Scott Frohman

	 	By:	/s/ Scott Frohman	 
	 	
Scott Frohman

	 	 	
Scott Frohman

	 
	 	CEO  	 	 	
CEO

	 

 

AGREED AND ACCEPTED:

/s/ Anthony Sasso

Anthony Sasso

 

 

 

2opmg_ex1019.htm

EXHIBIT 10.19

 

	
OPTIONS MEDIA GROUP HOLDINGS, INC. 

123 NW 13th Street, Suite 300123

Boca Raton, FL 33432

Facsimile: (561) 892-2618 

	 	
PHONEGUARD, INC.

NW 13th Street, Suite 300

Boca Raton, FL 33432

Facsimile: (561) 892-2618

 

April 6, 2011

Mr. Anthony Sasso

6574 N. State Road 7

Suite 278

Coconut Creek, FL 33073

Re:   Series C Preferred Stock

Dear Anthony:

This letter (this “Amendment”) sets forth our understanding regarding the amendments to that certain employment agreement dated April 16, 2010 by and between you and PhoneGuard, Inc., a Florida corporation (“Phoneguard”), as amended by that certain letter agreement dated August 11, 2010 by and among you, Options Media Group Holdings, Inc., a Nevada corporation (“OPMG”), and PhoneGuard (collectively, the “Employment Agreement”).  The parties intend to amend the vesting schedule for the Series C Preferred Stock of OPMG, as set forth in the Employment Agreement, to include all software licenses (not just anti-virus software) sold by or on behalf of PhoneGuard.

For $10.00 and other valuable consideration, the sufficiency of which you hereby acknowledge, you hereby agree to the following:

1. The Employment Agreement is hereby amended as follows. Section 4(b) of the Employment Agreement shall be deleted in its entirety and the following inserted in lieu thereof:

(b) Performance Bonus.  The 675 shares of Series C Preferred Stock of the Parent delivered to the Employee shall be restricted and shall be subject to the following vesting schedule:

(i) 39 shares of Series C Preferred Stock of Parent for each 100,000 software licenses that are sold by the Company or its reseller(s), not to exceed an aggregate of 1,000,000 software licenses.

(ii)  193 shares of Series C Preferred Stock of Parent upon the aggregate sales of 1,000,000 software licenses by the Company or its reseller(s).

 

  

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(iii)  77 shares of Series C Preferred Stock of Parent for each 100,000 software licenses that are sold by the Company or its reseller(s) over 1,000,000 software licenses.

To the extent that any and/or a partial amount of remaining shares pursuant to this Section 4(b) are not fully vested within five (5) years following the date of this Agreement or the earlier termination of employment of Employee, such unvested shares shall be cancelled.

Any shares of common stock of Parent received through a conversion of the Series C Preferred Stock of Parent shall be subject to the vesting schedule of this Section 4(b); provided, however, the number of shares shall be appropriately adjusted to reflect the applicable conversion formula.

 

By signing below, you hereby agree in writing to be bound by the terms of this Agreement.

 

	 	Yours very truly,  	 	 	Yours very truly,	 
	 	 	 	 	 	 
	 	Options Media Group Holdings, Inc.	 	 	PhoneGuard, Inc.	 
	 	 	 	 	 	 
	By:	
/s/ Scott Frohman 

	 	By:	

/s/ Scott Frohman 

	 
	 	
Scott Frohman, CEO

	 	 	

Scott Frohman, CEO

	 

 

 

	AGREED AND ACCEPTED:	 
	 	 	 
	
By: 

	/s/ Anthony Sasso	 
	 	Anthony Sasso	 

 

 

 

 

2opmg_ex1021.htm

EXHIBIT 10.21

 

 

July 20, 2010

 

 

 

DOCUMENT: CSI/PG/NETQIN-2010-9988

 

 

Cellular Spyware Inc.

6574 North State rd. Suite 278

Coconut Creek FL 33073

(877) 797-7274

 

 

NetQin Mobile Inc. c/o CARD Corporation Services Ltd. of Zephyr House

122 Mary Street P.O. Box 709 Grand Cayman KY 1-1107 Cayman Islands

 

Re:

Amendment to Master License Agreement CSI/PG/20090820/88866 Aug 20, 2009

 

Dear Alex,

 

This letter sets forth the agreement with regard to the following amendments to that certain International Licensing Agreement (the “Agreement”) dated August 20, 2009 by and between NetQin Mobil Inc. (“Licensor”) and Cellular Spyware, Inc. (“Original Licensee”) Master License Agreement CSI/PG/20090820/88866

 

TERM

 

This amendment is to extend the CSI exclusive master license for a period of Five Years, (5) for offline retail sales channels.

 

PRICING:

 

Pricing will be $6.00 (USD) per one year license for retail sales.

 

Pricing for carrier or insurance carrier 10 million customers or more will be

 

Set and adjusted at time of contract negotiation with that entity.

 

CSI will make its monthly accounting transparent to Netqin for review.

 

The exclusive right may be terminated by the licensor if the licensee fails to sell a minimum of 100,000 licenses within the first six months, or 500,000 licenses within the first nine months within the first year.

 

The exclusive right may be terminated by the licensor if the licensee fails to sell a minimum of amount of licenses as specified below:

 

  

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	Year One, 	 	1 million licenses
	Year Two,	 	2 million licenses
	Year Three	 	5 million licenses
	Year Four  	 	8 million licenses
	Year Five	 	10 million licenses

 

TOTAL FOR FIVE YEARS 26 MILLION LICENSES @ $6.00 = $156,000,000

 

USD150,000 pre-paid to the licensor is not deductable from future revenue.

 

EXCLUSIVETY

 

CSI agrees to make Netqin its sole mobile and anti virus software provider. Netqin has the right to terminate the exclusive right, if CSI sublicense Netqin’s product to any other party besides OPMG.

 

PRODUCT

 

CSI agrees to sell Netqin brand product to Brazil in separate contract.

 

CONDITIONS

 

All conditions of Master License CSI/PG/20090820/88866 will remain the same.

 

	
LICENSEE: Cellular Spyware Inc.

Agreed to: 

	 	
LICENSOR: NetQin Mobile Inc.

Agreed to:

	 
	 	 	 	 
	 	 	 	 
	
/s/ Anthony Sasso

	 	
/s/ Alex Zhou

	 
	
By: Anthony Sasso  

	 	
By: Alex Zhou (a.k.a. Zhou, Yuan)

	 
	
President

	 	
Director of Overseas Marketing

	 
	With full Corporate and	 	With full Corporate and	 
	Irrevocable Authority & Responsibility  	 	Irrevocable Authority & Responsibility	 

 

 

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