EX-10.1
from 8-K
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page
This Stockholder Agreement (“Agreement”) Made as of the 18th Day of March, 2016 by and Between the Undersigned Holders (The “Holders”) and Excel Corporation, a Delaware Corporation (The “Corporation”), Having Its Principal Office at 6363 North State Hwy 161, Suite 310, Irving, Texas 75038. Whereas, the Company Has Issued 4,600,000 Shares of Series B Convertible Preferred Stock (“Series B Stock”) And; Whereas, the Holders Have Acquired All of the Outstanding Shares of the Series B Stock And; Whereas, the Company and the Holders Wish to Enter Into This Agreement; Now, Therefore, for and in Consideration of the Premises Herein Contained, the Receipt and Sufficiency of Which Are Hereby Acknowledged, the Parties Hereto Agree as Follows: 1. the Holders Agree Not to Initiate Directly or Indirectly Any Stockholder Vote or Action by Written Consent or Otherwise, to Increase the Size or Structure of the Company’s Board of Directors or Remove Any Existing Director
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EX-10.1
from 8-K/A
~1
page
Whereas, Subject to the Terms and Conditions Set Forth Herein, the Parties Desire to Amend the Exchange Agreement to Extend the “Termination" Period From March 31, 2012 to April 21, 2014. All Capitalized Terms Used but Not Otherwise Defined Herein Shall Have the Meanings Ascribed Thereto in the Exchange Agreement. Now Therefore, the Undersigned Hereby Agree as Follows as Follows: 1. Subject to the Terms and Conditions Set Forth Herein, the Termination/Closing Date Set Forth in Sections 2.03 and 9.01(b) and 9.01(c) of the Exchange Agreement Is Hereby Amended and Extended From March 31, 2014 to April 21, 2014. 2. Except as Expressly Amended Hereby, the Term Sheet and All Obligations of the Parties Thereunder, Shall Remain in Full Force and Effect. in Witness Whereof, the Parties Have Signed This Amendment to the Exchange Agreement as of the Above Date: Excel Corporation Papyprotec Oregon, LLC By: By: Name: Name: Title: Title: By: By: Steven Lemma Mychol Robirds
12/34/56