NOVATION AND RESTRICTIVE COVENANTS AGREEMENTNovation and Restrictive Covenants Agreement • April 14th, 2022 • Alj Regional Holdings Inc • Services-business services, nec • Delaware
This Novation and Restrictive Covenants Agreement (this “Agreement”), dated April 13, 2022, is entered into by and among Phoenix Color Corp. (“Assignor”), ALJ Regional Holdings, Inc. (“Assignee”) and Marc Reisch (“Executive”). Assignor, Assignee and Executive are collectively referred to herein as the “Parties” and individually as a “Party”.
SALE BONUS RELEASE AGREEMENTSale Bonus Release Agreement • April 14th, 2022 • Alj Regional Holdings Inc • Services-business services, nec • Delaware
You hereby acknowledge and agree that, in connection with the closing of the transactions (the “Transactions”) contemplated by that certain stock purchase agreement dated as of February 3, 2022 by and among the Company, Phoenix and LSC Communications Book LLC, the Company is paying you a bonus payment in the amount of $1,700,000, which amount shall be subject to applicable federal, state, and local tax and other withholdings (the “Sale Bonus”). You agree that the Sale Bonus is in full settlement and satisfaction of your rights under Section 3.5 of the Employment Agreement, and that upon making of the payment of the Sale Bonus you shall have no further claim or entitlement to any future payment or settlement with respect to the Sale Bonus. In addition, you acknowledge and agree that the Transactions will not result in an acceleration of your bonus under Section 3.3 of the Employment Agreement (the “Bonus Acceleration”), and you will be eligible to earn your full bonus under Section 3.3
AMENDMENT TO STOCK PURCHASE AGREEMENTStock Purchase Agreement • April 14th, 2022 • Alj Regional Holdings Inc • Services-business services, nec
This AMENDMENT TO STOCK PURCHASE AGREEMENT, dated as of April 12, 2022 (this “Amendment”), is made by and among ALJ Regional Holdings, Inc., a Delaware corporation (“Seller”), LSC Communications Book LLC, a Delaware limited liability company (“Purchaser”), and Phoenix Color Corp., a Delaware corporation (the “Company”, and together with Seller and Purchaser, the “Parties”).
