Document:

Exhibit

Exhibit 10.2

Retention Bonus Agreement
This Retention Bonus Agreement (this “Agreement”) is entered into and effective as of DATE (the “Effective Date”), by and between athenahealth, Inc. (together with its affiliates, the “Company”), and NAME (“you”).
In consideration of the mutual promises and consideration set forth herein, the parties agree as follows:

1.At-Will Employment.  This Agreement is not intended to and does not alter the at-will nature of your employment with the Company or create a contract of employment for any particular term.  You acknowledge and agree that the employment relationship that exists between you and the Company remains at-will.  Nothing contained in this Agreement affects any right of the Company or you to terminate your employment at any time, nor creates any rights to continued employment on your part.

2.Retention Bonus.  If you remain in continuous employment in good standing and meeting all performance expectations in your current role on the Company’s DIVISION team through December 31, 2018 (the “Retention Date”), then the Company will pay you a retention bonus in the amount of AMOUNT CURRENCY (less payroll taxes and other applicable withholdings and deductions) (the “Retention Bonus”).  If your employment with the Company ends prior to the Retention Date due to your voluntary resignation or due to your termination by the Company for Cause (as defined below), then you will not be eligible to receive the Retention Bonus.  

3.Payment of Retention Bonus.  The Company will pay the Retention Bonus to you in a single lump within 30 days following the Retention Date, provided you become eligible to receive it as described in Section 2 of this Agreement.  

4.Effect on Other Benefits.  The payment of the Retention Bonus will not alter the amount of any regular wage payments or benefits you are entitled to receive in connection with your employment with the Company.  For purpose of clarification, and without limiting the preceding sentence, the Retention Bonus shall not be considered in the computation of your “base salary” for any purposes or for any benefits to which you may otherwise be entitled.  For the avoidance of doubt, the Retention Bonus shall not be considered “eligible earnings” for purposes of calculating any annual bonus payment for which you may be eligible.

5.Definition.    For purposes of this Agreement, “Cause” is defined as any of the following conduct by you, as determined by the Company in its reasonable discretion: (i) misconduct; (ii)  failure to perform your assigned duties or responsibilities or negligence in the performance of those duties or responsibilities; (iii) failure to meet performance expectations; (iv) behavior that you know or should know could materially harm the business or reputation of the Company; (v) breach of your most recent employment agreement with the Company (the “Employment Agreement”), this Agreement, or any other agreement between you and the Company; (vi) violation of any statutory, contractual, or common law duty or obligation owed by you to the Company (including, without limitation, the duty of loyalty); or (vii) conviction of, or plea of guilty or nolo contendere to, any felony, or of any misdemeanor involving moral turpitude or fraud, theft, or misrepresentation.

6.Confidentiality. You agree that this Agreement is confidential and that you will not discuss the fact that it exists or its terms with anyone else except your immediate family members, legal or tax advisors, or as required by law, and provided that the individuals to whom disclosure is made under this paragraph agree to maintain the confidential nature of this Agreement.  You recognize that any breach of this confidentiality provision would be a material breach of this Agreement of a sort that would cause the Company 

Exhibit 10.2

irreparable injury in an amount not readily quantifiable as damages, and the Company retains the right to seek legal or equitable relief as a result of the breach.  

7.Entire Agreement.  This Agreement contains the entire agreement and understanding between the parties with respect to the subject matter hereof.  This Agreement may not be modified or amended or any terms or provisions waived or discharged except in a written addendum signed by you and the Company.  This Agreement supersedes and replaces any prior agreement between the Company and you relating to the subject matter hereof.  For the avoidance of doubt, this Agreement does not supersede or replace the Employment Agreement.

8.Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument.

9.Governing Law.  This document is governed in accordance with the laws of the Commonwealth of Massachusetts, and the parties agree to the exclusive jurisdiction of the state and federal courts of the Commonwealth of Massachusetts in connection with any dispute arising under or relating to this Agreement.   Any dispute arising under this Agreement shall be handled in accordance with the dispute resolution procedures in the Employment Agreement.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date stated above.

	
		
	

NAME

                                                                                   

Date: 
	athenahealth, Inc.

By: 

                                                                                   
Name: 
Title:AGREEMENT TO CONVERT DEBT 

 

 

THIS AGREEMENT is made and entered into effective the 24TH day of July, 2018, by and between MAGELLAN GOLD CORPORATION, a Nevada corporation ("Magellan" or the "Company"), and W. PIERCE CARSON (Claimant").

 

WITNESSETH 

 

WHEREAS, the Company, or an affiliate of the Company, has an outstanding debt with Claimant in the particulars hereinbelow set forth; and

 

WHEREAS, the Company desires to satisfy that obligation by the issuance to Claimant of shares of common stock of the Company ("Shares"); and

 

WHEREAS, Claimant is willing to accept said Shares in lieu of cash or money in payment of Magellan’s obligation to Claimant;

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinbelow set forth, and for such good and other valuable consideration, the receipt and sufficiency whereof is hereby acknowledged, the parties agree as follows:

 

SECTION I.:     CONVERSION OF DEBT

 

A.Claimant and Magellan affirm and agree that as of the date of this Agreement, Magellan is indebted to Claimant for $90,000.00 in accrued but unpaid executive compensation for the fiscal quarters ending December 31, 2017, March 31, 2018 and June 30, 2018 and a cash advance of $8,100 made by Claimant to the Company. 

 

B.Claimant, for his successors in interest and assigns, agrees to accept, as payment in full of $90,000 in accrued but unpaid executive compensation for the periods stated in Section I(A) above and in repayment of the cash advance of $8,100 made to the Company (the "Indebtedness"), an aggregate of 4,905,000 Shares of Common Stock, valued at $0.02 per Share.  It is understood that Claimant's acceptance of the Shares in payment of the Indebtedness shall not discharge or otherwise satisfy the outstanding indebtedness and obligation of Magellan to Claimant in excess of the Indebtedness.  . 

 

C.Claimant agrees that upon delivery to Claimant by Magellan of a certificate or certificates representing 4,905,000 Shares, said Shares being validly issued, fully paid and non-assessable, and Claimant's acceptance of such Shares, Claimant, for its successors in interest and assigns, agrees to release and forever discharge Magellan, its officers, directors, shareholders, affiliates, employees and agents, from any liability, payment or obligation whatsoever in connection with or arising out of the Indebtedness.  Claimant's acceptance of such Shares shall constitute a full and complete release, settlement and discharge of any of Magellan’s obligation to Claimant, in connection with the Indebtedness, without the necessity of Claimant executing any further documentation, release or settlement agreement; it being the express understanding of the parties hereto that this Agreement, upon its performance, shall constitute such evidence of release and discharge. 

 

D.With respect to accepting the Shares in lieu of other forms of payment of the Indebtedness, Claimant represents and warrants as follows: 

 

1.Claimant fully understands and agrees that the Shares are offered by Magellan at a price which was arbitrarily determined without regard to any value of the Shares. 

2.Claimant fully understands that Magellan has a limited net worth. 

 

3.Claimant acknowledges receipt of such information as he deems necessary or appropriate as a prudent and knowledgeable investor in evaluating the conversion of the obligation.  The Claimant acknowledges that Magellan has made available to him the opportunity to obtain additional information to evaluate his status as an unsecured creditor and the alternatives available to him.  The Claimant acknowledges that he had an opportunity to ask questions of Magellan and to the extent he availed himself of such opportunity, he received satisfactory answers from Magellan, or its affiliates. 

 

4.Claimant understands that there exist inherent risks in accepting the Shares in lieu of payment of the obligation, which risks include, but are not limited to, the lack of liquidity of the Shares, and the Company's history of unprofitable operations.  Claimant agrees to accept all risks associated with converting the Indebtedness and accepting the Shares in lieu of payment thereof. 

 

SECTION II:     REPRESENTATIONS AND WARRANTIES BY MAGELLAN:

 

Magellan represents and warrants to Claimant that, as of the date of this Agreement, and as of the date of closing:

 

A.Organization and Corporation Power. 

 

The Company is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada; and has all required corporate power and authority to own its property and to carry on its business as now being conducted, and to carry out the transactions contemplated hereby.

 

B.Authorization. 

 

1.The execution and delivery of this Agreement do not, and the consummation of the transactions contemplated hereby will not, violate any provision of any charter, articles of incorporation, by-law, mortgage, lien, lease, agreement, contract, instrument, order judgment, or decree to which the Company is a party, or by which it is bound, and will not violate any other restriction of any other kind or character of which Company is subject. 

 

2.The Directors of the Company have taken or will take all action required by law, the Company's Articles of Incorporation and Bylaws, or otherwise, to authorize execution and delivery of this Agreement, the shares and the consummation of the transactions described herein. 

 

3.This Agreement, upon execution and delivery in accordance herewith, is the valid and binding obligation of the Company, enforceable in accordance with its terms, subject to the terms of bankruptcy and similar laws, and any rules and regulations adopted thereunder.  The execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate and other action. 

 

C.Capitalization. 

 

 

There are sufficient authorized Shares of the Company to cover the issuance of all shares to be issued and sold pursuant to this Agreement.  There are no restrictions on the transferability of shares of the Company's Shares imposed by or pursuant to the Company's Articles of Incorporation, or the Company's Bylaws, or by agreement to which the Company is a party, except for restrictions imposed by or on account of federal and state securities laws.  

SECTION III.:REPRESENTATIONS AND WARRANTIES BY CLAIMANT 

 

    Claimant represents and warrants to Magellan that, as of the date of this Agreement, and as of the date of closing, the following are true and accurate to its knowledge and belief: 

 

    A.No Other Information Relied Upon. 

 

Claimant represents, warrants and agrees that he has been afforded the opportunity to make, and has made, all such investigation of Magellan and its financial condition, business, affairs and prospects as he deems appropriate.  Claimant acknowledges receipt of such information as he deems necessary or appropriate as a prudent and knowledgeable investor in evaluating the exchange of the shares.  Claimant acknowledges that Magellan has made available to him the opportunity to obtain additional information to evaluate the merits and risks of this exchange.  Claimant acknowledges that he has had the opportunity to ask questions of Magellan, and, to the extent he availed himself such opportunity, he received satisfactory answers from Magellan, its affiliates, associates, officers and directors.

 

    B.Nature of the Risk. 

 

Claimant represents, warrants and agrees that he understands that Magellan’s business  is, by its nature, speculative; that Claimant is aware that the financial resources of Magellan are extremely limited and that it is very likely that the Company will require additional capital, and there is no assurance that such capital will be available if necessary; that Claimant is familiar with the high degree of risk that is involved in the Company's business, and that Claimant is financially able and willing to accept the substantial risk involved in such investment, including the risk of loss of the entire amount invested.

 

    C.Unregistered Shares. 

 

Claimant represents that he understands that the Magellan shares of common stock have not been registered for sale under federal or state securities laws and that said securities are being issued to Claimant pursuant to a claimed exemption from the registration requirements of such laws which is based upon the fact that said securities are not being offered to the public.  Claimant understands that in order to satisfy such requirement he must be acquiring the shares with no view to making a public distribution of said securities and the representations and warranties contained in this Section III are given with the intention that Magellan may rely thereon for purposes of claiming such exemption; and that he understands that he must bear the economic risk of his investment in the securities for a substantial period of time, because the securities have not been registered under the federal or state securities laws, and cannot be sold unless subsequently registered under such laws, or unless an exemption from such registration is available.

 

 

    D.Securities Acquired for Investment; Limitations on Dispositions. 

 

Claimant represents that he is acquiring the securities for his own account and for investment and not with a view to, or for sale in connection with, any distribution thereof in violation of the Securities Act of 1933, as amended. Claimant agrees that the stock will not be offered for sale, sold or otherwise transferred for value and that no transfer thereof will be made by the Claimant unless (a) a registration statement with respect thereto has become effective under the Securities Act of 1933, as amended, or (b) there is presented to the Company an opinion of counsel for Claimant reasonably satisfactory to the Company that such registration is not required, or (c) there is presented to the Company a letter from the Securities and Exchange Commission (said Commission having been informed of all relevant circumstances) to the effect that in the event either the securities are transferred by Claimant 

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without such registration the Commission or the staff will not recommend any action.  Claimant further agrees that the securities will not be offered for sale, sold or otherwise transferred unless, in the opinion of legal counsel for Magellan, such sale or disposition does not and will not violate any provisions of any federal or state securities law or regulation.  Claimant consents that any transfer agent of the Company may be instructed not to transfer any of the securities unless it receives satisfactory evidence of compliance with the foregoing provisions and that there may be endorsed upon any certificates (or instruments issued in substitution therefor), the Company's regular legend regarding the sale of restricted securities.

 

SECTION IV.:MISCELLANEOUS 

 

    A.Payment of Expenses of Prevailing Party in Dispute. 

 

Unless otherwise specifically provided for herein, in the event that there is a dispute concerning this Agreement, including, without limitation, the issue of compliance with any term of this Agreement, the court may in its discretion, direct that the prevailing party shall be entitled to reimbursement from the other party of reasonable attorneys' fees and other expenses incurred in resolving the said dispute.

 

    B.Survival and Incorporation of Representations. 

 

The representations, warranties, covenants and agreements made herein or in any certificates or documents executed in connection herewith shall survive the execution and delivery thereof, and all statements contained in any certificate or other document delivered by the Company hereunder or in connection herewith shall be deemed to constitute representations and warranties made by the Company in this Agreement.

 

    C.Amendments and Waivers. 

 

This Agreement may not be amended, nor may compliance with any term, covenant, agreement, condition or provision set forth herein be waived (either generally or in a particular instance and either retroactively or prospectively) unless such amendment or waiver is agreed to in writing by all parties hereto.

 

    D.Governing Law. 

 

This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of Colorado.

 

 

    E.Counterparts. 

 

This Agreement may be executed by telex, telecopy or other facsimile transmission, and such facsimile transmission shall be valid and binding to the same extent as if it were an original.  Further, this Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall together constitute one agreement.

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    F.Severability. 

 

Wherever there is any conflict between any provision of this Agreement and any statute, law, regulation or judicial precedent, the latter shall prevail, but in such event the provisions of this Agreement thus affected shall be curtailed and limited only to the extent necessary to bring it within the requirement of the law.  In the event that any part, section, paragraph or clause of this Agreement shall be held by a court of proper jurisdiction to be invalid or unenforceable, the entire Agreement shall not fail on account thereof, but the balance of the Agreement shall continue in full force and effect unless such construction would clearly be contrary to the intention of the parties or would result in unconscionable injustice.

 

    G.Entire Agreement. 

 

This Agreement constitutes the entire agreement of the parties hereto with respect to the subject matter hereof.  There are no representations, warranties, conditions, or obligations except as herein specifically provided.  Any amendment or modification hereof must be in writing.

 

    IN WITNESS WHEREOF, the parties have signed the Agreement the date and year first above written. 

 

 

MAGELLAN GOLD CORPORATION

A Nevada corporation

 

 

By: /s/ John C. Power 

John C. Power, Director 

 

 

CLAIMANT:

 

By:  /s/ W. Pierce Carson

W. Pierce Carson 

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