Amendment to Section 4(a) a) of the Dealer Manager Agreement is hereby amended and restated in its entirety as follows:
Amendment to Section 4(a). Effective as of the date of this Amendment, Section 4(a) of the Employment Agreement is amended by deleting Section 4(a) in its entirety, and by substituting, in lieu thereof, the following:
Amendment to Section 4(a). In Section 4(a) of the Superintendent Contract, a paragraph shall be added stating:
Amendment to Section 4(a). The last sentence of Section 4(a) shall be deleted in its entirety and replaced with the following in lieu thereof: “Such compensation shall be paid in a lump sum as soon as reasonably practicable and in all events within ninety (90) days following the date of the Employee’s termination.”
Amendment to Section 4(a). The following is hereby added to the end of Section 4(a) of the Consulting Agreement: “Notwithstanding anything herein to the contrary, in the event of an initial public offering of equity securities of the Company (or any parent or subsidiary thereof), the Major Transaction Service Fee shall become payable in shares of capital stock of the entity which is offering shares to the public in connection with such transaction, such shares to be valued at the initial public offering price for purposes of determining the number of shares to be issued to the Consultant in respect of the Major Transaction Service Fee.”
Amendment to Section 4(a). Section 4(a) of the Registration Rights Agreement is hereby deleted in its entirety and replaced with the following:
Amendment to Section 4(a). Section 4(a) shall be deemed to have been deleted and the following section shall be deemed to have been inserted in its place:
(a) Subject to Section 4(b), in the event of a Termination occurring before the expiration of this Agreement, Olin will pay Executive, in equal installments in accordance with Olin’s normal payroll practices, over the 12-month period that begins on the 55th day after the date of Termination, an aggregate amount equal to the Executive Severance, provided that no amounts shall be payable to Executive unless, on or prior to the 54th day following the date of Termination, (i) Executive shall have executed the Release (described in Section 6) and (ii) such Release shall have become effective and irrevocable.”
Amendment to Section 4(a). Section 4(a) is hereby amended and restated in its entirety as follows:
Amendment to Section 4(a). Section 4(a) of the Agreement is hereby amended to read as follows:
Amendment to Section 4(a). Section 4(a) of the Agreement is hereby amended by deleting the existing paragraph 4(a) in its entirety and substituting the following in lieu thereof:
4(a) Monthly Fee. Consultant will receive as compensation hereunder monthly payments of $20,000, in cash, payable on or before the 15th day of each month, beginning on the Effective Date and for the term of this Agreement.
