Amendments to the Underlying Agreement. As a consequence of the Employee's increasing role within the Company together with the Employee's previous determination, with the unanimous approval of the Board of Directors of the Company, to consent to and accept the further positions of Chief Operating Officer and a Director of the Company, while at the same continuing to provide to the Company various management and operational services which the Employee has heretofore provided to the Company within the scope of the Underlying Agreement, the Parties hereto hereby acknowledge and agree that the following provisions of the Underlying Agreement are hereby deleted in their entirety with the following provisions being substituted in its their stead:
Amendments to the Underlying Agreement. As a consequence of the Executive's recent determination, with the unanimous approval of the Board of Directors of the Company, to consent to and accept the further executive positions within the Company of each of President and Chief Executive Officer, while at the same continuing to provide to the Company various corporate development services which the Executive has heretofore provided to the Company within the scope of the Underlying Agreement, the Parties hereto hereby acknowledge and agree that the following Article of the Underlying Agreement is hereby deleted in its entirety with the following Article being substituted in its stead: Article "6" of the Underlying Agreement is hereby deleted in its entirety with the following Article being substituted in its stead: "Article 6
Amendments to the Underlying Agreement. As a consequence, in part, of certain delays being experienced by the Purchaser in its proposed Concentric Acquisition, which must complete contemporaneously with the within Acquisition, and, furthermore, in order to clarify certain of the terms and conditions of the Underlying Agreement for the benefit of each of the Parties, the Parties hereby acknowledge and agree that the following provisions of the Underlying Agreement are hereby deleted in their entirety with the following provisions of this Agreement being substituted therefore:
Amendments to the Underlying Agreement
