SEC Contract Filing

Filing Date: 2015-09-08

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10-2.htm
<DESCRIPTION>DEFERRED SHARE UNIT PLAN
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<P ALIGN="RIGHT">Exhibit 10.2</P>
<B><P ALIGN="CENTER">DIAMANTE MINERALS, INC.</P>
<P ALIGN="CENTER">DEFERRED SHARE UNIT PLAN FOR JENNIFER IRONS</P>
<P ALIGN="CENTER">PART 1<BR>
<BR>
GENERAL PROVISIONS</P>
<P ALIGN="LEFT">Purpose</P>
</B><P ALIGN="LEFT">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The purpose of this Plan is to provide an alternate form of compensation to satisfy the fee payable to Jennifer Irons in her capacity as the Chief Financial Officer of the Company.</P>
<B><P ALIGN="LEFT">Definitions</P>
</B><P ALIGN="LEFT">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In this Plan,</P>
<B><P ALIGN="LEFT">Applicable Withholding Tax</B><I> </I>has the meaning set forth in Section 3.4; </P>
<B><P ALIGN="LEFT">Board</B> means the Board of Directors of the Company;</P>
<B><P ALIGN="LEFT">Company</B> means Diamante Minerals, Inc.;</P>
<B><P ALIGN="LEFT">Compensation</B> means the base amount of US$125,000 per year in the first year of the term of this Plan, US$137,500 in the second year of the term of this Plan and US$150,000 for the third year of the term of this Plan to be paid to Irons, quarterly in arrears in her capacity as the Chief Financial Officer of the Company;</P>
<B><P ALIGN="LEFT">Deferred Share Unit</B> means a right granted by the Company to Irons to receive, on a deferred payment basis, a Share or cash in an amount and on the terms contained in this Plan;</P>
<B><P ALIGN="LEFT">Director</B> means a member of the Board;</P>
<B><P ALIGN="LEFT">Fair Market Value</B><I> </I>means, as at a particular date,</P><DIR>
<DIR>

<P ALIGN="LEFT">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the volume weighted average of the trading price per Share for the most recently completed Financial Quarter on the market on which the greatest volume of the Shares then traded, or</P>
<P ALIGN="LEFT">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if the Shares are not listed on any public exchange, the value established by the Board based on its determination of the fair value of a Share; </P></DIR>
</DIR>

<B><P ALIGN="LEFT">Financial Quarter </B>means each three month period ending on October&nbsp;31, January&nbsp;31, April&nbsp;30 or July 31, respectively;</P>
<B><P ALIGN="LEFT">Irons </B>means Jennifer Irons</P>
<P ALIGN="LEFT"><HR NOSHADE SIZE=3 WIDTH="100%"></P>
<P ALIGN="CENTER">- 2 -</P>
<B><P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">Plan</B> means this Deferred Share Unit Plan, as amended from time to time;</P>
<B><P ALIGN="LEFT">Remuneration Period</B><I> </I>means a fiscal year (August 1 - July 31), or where the context requires, any portion of such period;</P>
<B><P ALIGN="LEFT">Share</B> means a Common share in the capital of the Company; and</P>
<B><P ALIGN="LEFT">Terminated Service</B><I> </I>means, that Irons has ceased to be the Chief Financial Officer of the Company, other than as a result of death, and has ceased to fulfil any other role as employee or officer of the Company.</P>
<B><P ALIGN="LEFT">Effective Date</P>
</B><P ALIGN="LEFT">1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Plan will be effective on July 12, 2015.</P>
<B><P ALIGN="LEFT">Administration</P>
</B><P ALIGN="LEFT"><A NAME="_Ref65401875">1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board will, in its sole and absolute discretion, but taking into account relevant corporate, securities and tax laws,</A></P><DIR>
<DIR>

<P ALIGN="LEFT">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;interpret and administer this Plan,</P>
<P ALIGN="LEFT">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;establish, amend and rescind any rules and regulations relating to this Plan, and</P>
<P ALIGN="LEFT">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;make any other determinations that the Board deems necessary or desirable for the administration of this Plan.</P></DIR>
</DIR>

<P ALIGN="LEFT">The Board may correct any defect or any omission or reconcile any inconsistency in this Plan in the manner and to the extent the Board deems, in its sole and absolute discretion, necessary or desirable. Any decision of the Board in the interpretation and administration of this Plan will be final, conclusive and binding on all parties concerned provided that no determinations or amendments which adversely affect Irons will be made without her consent. All expenses of administration of this Plan will be borne by the Company.</P>
<B><P ALIGN="LEFT">Delegation</P>
</B><P ALIGN="LEFT">1.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board may, to the extent permitted by law, delegate any of its responsibilities under this Plan and powers related thereto (including, without limiting the generality of the foregoing, those referred to under Section 1.4) to a committee of the Board or to one or more officers of the Company and all actions taken and decisions made by such committee or by such officers in this regard will be final, conclusive and binding on all parties concerned, including, but not limited to, the Company, Irons, and their legal representatives.</P>
<P ALIGN="LEFT"><HR NOSHADE SIZE=3 WIDTH="100%"></P>
<P ALIGN="CENTER">- 3 -</P>
<B><P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="CENTER">PART 2<BR>
<BR>
AWARDS UNDER THIS PLAN</P>
<P ALIGN="LEFT">Determination of Deferred Share Units</P>
</B><P ALIGN="LEFT"><A NAME="_Ref65401680">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the sole election of the Company,