NINTH MODIFICATION AGREEMENT (Extension)Ninth Modification Agreement • November 8th, 2010 • Versar Inc • Services-engineering services • Virginia
THIS NINTH MODIFICATION AGREEMENT (this “Agreement”), effective as of the 30th day of September 2010, is by and between UNITED BANK, a Virginia banking corporation (the “Bank”); and VERSAR, INC. a Delaware corporation, GEOMET TECHNOLOGIES, LLC, a Maryland limited liability company, VERSAR GLOBAL SOLUTIONS, INC., a Virginia corporation, VEC CORP., a Pennsylvania corporation and successor to Versar Environmental Company, Inc., VERSAR INTERNATIONAL, INC., a Delaware corporation, formerly known as VIAP, Inc., and ADVENT ENVIRONMENTAL, INC., a Kentucky corporation (individually and collectively, the “Borrower”).
CHANGE IN CONTROL SEVERANCE AGREEMENTSeverance Agreement • November 8th, 2010 • Versar Inc • Services-engineering services • Virginia
This Agreement between Anthony L. Otten (“you”) and VERSAR, INC.(“Company”) has been entered into as of May 24, 2010. This Agreement promises you severance benefits if, following a Change of Control, you are terminated without Cause or resign for Good Reason during the Term of this Agreement. Capitalized terms are defined in the last section of this Agreement.
