AMENDMENT NO. 7 TO LOAN AGREEMENTLoan Agreement • October 18th, 2002 • Chyron Corp • Photographic equipment & supplies • New York
AMSOUTH BANK, an Alabama banking corporation (the "Bank"), with an office at 350 Park Avenue, New York, New York 10022, and CHYRON CORPORATION, a New York corporation (the "Borrower"), with its principal place of business at 5 Hub Drive, Melville, New York 11747.
CHYRON CORPORATION Melville, New York 11747Additional Compensation Agreement • October 18th, 2002 • Chyron Corp • Photographic equipment & supplies • New York
In consideration of you, in your role as Chairman of the Executive Committee of the Board of Directors, becoming a Member of the Office of the Chairman, Chyron Corporation (the "Company") has decided to grant to you additional compensation. This letter and amendment agreement ("Agreement") formalizes the understanding regarding such additional compensation and supersedes all prior communications (both written and oral) to you regarding the subject matter hereof, except as set forth in the October 2001 Agreement, which is amended by this Agreement. This Agreement shall be effective as of January 1, 2002.
May 14, 2002 Roger Henderson Hollytree Cottage Swallowfield Street Swallowfield Re: Amendment to Employment Agreement Dear Mr. Henderson:Employment Agreement • October 18th, 2002 • Chyron Corp • Photographic equipment & supplies
This shall confirm the agreement between you and Chyron Corporation (the "Company") pursuant to which you have agreed to reduce your annual base salary from $325,000 US to $280,000 US effective January 1, 2002 through December 31, 2002 (the "Reduced Amount"). This reduction was done voluntarily for the benefit of the Company and shall not affect the severance due you under the Employment Agreement dated July 21, 1999, as amended on January 10, 2001, April 5, 2001, and May 14, 2002 (collectively, the "Employment Agreement"). In addition, in the event the Company terminates you "without cause" or you resign with "Good Reason," as defined under the Employment Agreement, then the Reduced Amount, and the Reduced Amount set forth in the April 5, 2001 Amendment shall all be due and payable as part of your severance under the Employment Agreement. All other terms of the Employment Agreement shall remain in full force and effect.
July 26, 2000 Dawn R. Johnston Chief Financial Officer Chyron CorporationLoan Agreement • October 18th, 2002 • Chyron Corp • Photographic equipment & supplies
CHYRON CORPORATIONEmployment Agreement • October 18th, 2002 • Chyron Corp • Photographic equipment & supplies
May 9, 2000 Dawn R. Johnston Chief Financial Officer Chyron CorporationLoan Agreement • October 18th, 2002 • Chyron Corp • Photographic equipment & supplies
DATED 15th December 1995 PRO-BEL LIMITED - and - SERVICE AGREEMENT Charles Russell Killowen House Bayshill Road Cheltenham Gloucestershire GL50 3AWService Agreement • October 18th, 2002 • Chyron Corp • Photographic equipment & supplies
THIS AGREEMENT is made the fifteenth day of December One thousand nine hundred and ninety-five BETWEEN PRO-BEL LIMITED whose registered office is at 22 Manor Road, South Hinksey, Oxford (hereinafter called "the Company") of the one part and Graham Michael Pitman of Whitehaven, Norton Rd, Reading (hereinafter called "the Executive") of the other part.
November 8, 2000 Dawn R. Johnston Chief Financial Officer Chyron CorporationLoan Agreement • October 18th, 2002 • Chyron Corp • Photographic equipment & supplies
