Document:

Exhibit 10.63

 

ADDENDUM TO EMPLOYMENT AGREEMENT

 

This addendum (“Addendum”) to the Contract of Employment between Clean Diesel Technologies, Inc., a Delaware corporation (“CDTI” or the “Company”) and Steve Golden (“Executive”) (inclusively, the “Parties”) is entered into on March 29, 2016.

 

A.            Catalytic Solutions, Inc., a wholly owned subsidiary of Company, and Executive entered into a written employment contract (“Contract of Employment”) on October 16, 2006.

 

B.            The Parties now desire to amend the Contract of Employment, together with any amendments thereto, pursuant to this Addendum.

 

NOW THEREFORE, in consideration of the mutual promises contained herein, the Parties hereto agree as follows:

 

1.               Modification of Paragraph 4 “BASE SALARY.”  Parties to the Contract of Employment hereby agree that the following provision will fully and completely replace Paragraph 4 “BASE SALARY” to reflect Executive’s new annual base salary of $225,000.

 

You will receive an annual base salary of $225,000.00 per year effective as of March 28, 2016, less applicable payroll withholdings and payable in accordance with CDTI’s normal payroll practices. This salary shall be subject to annual review by CDTI in accordance with its general policies as in effect from time to time.

 

2.               All Other Provisions Remain Unmodified. Executive and Company acknowledge and agree that all other provisions of the Employment Agreement remain in full force and effect.

 

 

	
STEVE GOLDEN
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ Steve Golden
    	
 
    	
Date: 
    	
March 29, 2016
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
CLEAN DIESEL TECHNOLOGIES, INC.
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ Matthew Beale
    	
 
    	
Date:
    	
March 29, 2016
    
	
By: Matthew Beale, Chief Executive Officer
    	
 
    	
 
    

 

1Exhibit 10.64

 

ADDENDUM TO EMPLOYMENT AGREEMENT

 

This addendum (“Addendum”) to the Employment Agreement between Clean Diesel Technologies, Inc., a Delaware corporation (“CDTI” or the “Company”) and Hans Eric Bippus (“Executive”) (inclusively, the “Parties”) is entered into on March 29, 2016.

 

A.            The Parties entered into a written employment agreement (the “Employment Agreement”) on July 27, 2015.

 

B.            The Parties now desire to amend the Employment Agreement pursuant to this Addendum.

 

NOW THEREFORE, in consideration of the mutual promises contained herein, the Parties hereto agree as follows:

 

1.               Modification of Paragraph 3, Subdivision (a) “Base Salary.”  The Company and Executive hereby agree that Paragraph 3, subdivision (a) of the Employment Agreement, entitled “Base Salary,” will be replaced with the following provision to reflect Executive’s new annual base salary of $240,000:

 

(a)  Base Salary.  Executive will receive an annual base salary of $240,000 per year effective as of March 28, 2016, less applicable payroll withholdings and payable in accordance with CDTI’s normal payroll practices.  This salary shall be subject to annual review by CDTI in accordance with its general policies as in effect from time to time.

 

2.               All Other Provisions Remain Unmodified.  Executive and Company acknowledge and agree that all other provisions of the Employment Agreement remain in full force and effect.

 

 

	
HANS ERIC BIPPUS
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ Hans Eric Bippus
    	
 
    	
Date: 
    	
March 29, 2016
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
CLEAN DIESEL TECHNOLOGIES, INC.
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ Matthew Beale
    	
 
    	
Date:
    	
March 29, 2016
    
	
By: Matthew Beale, Chief Executive Officer
    	
 
    	
 
    

 

1Exhibit 10.65

 

ADDENDUM TO EMPLOYMENT AGREEMENT

 

This addendum (“Addendum”) to the Employment Agreement between Clean Diesel Technologies, Inc., a Delaware corporation (“CDTI” or the “Company”) and David E. Shea (“Executive”) (inclusively, the “Parties”) is entered into on March 29, 2016.

 

A.            The Parties entered into a written employment agreement (the “Employment Agreement”) on December 22, 2014.

 

B.            The Parties now desire to amend the Employment Agreement pursuant to this Addendum.

 

NOW THEREFORE, in consideration of the mutual promises contained herein, the Parties hereto agree as follows:

 

1.               Modification of Paragraph 3, Subdivision (a) “Base Salary.”  The Company and Executive hereby agree that Paragraph 3, subdivision (a) of the Employment Agreement, entitled “Base Salary,” will be replaced with the following provision to reflect Executive’s new annual base salary of $175,000.

 

(a)  Base Salary.  Executive will receive an annual base salary of $175,000 per year effective as of March 28, 2016, less applicable payroll withholdings and payable in accordance with CDTI’s normal payroll practices.  This salary shall be subject to annual review by CDTI in accordance with its general policies as in effect from time to time.

 

2.               All Other Provisions Remain Unmodified.  Executive and Company acknowledge and agree that all other provisions of the Employment Agreement remain in full force and effect.

 

 

	
DAVID E. SHEA
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ David E. Shea
    	
 
    	
Date:
    	
March 29, 2016
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
CLEAN DIESEL TECHNOLOGIES, INC.
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ Matthew Beale
    	
 
    	
Date:
    	
March 29, 2016
    
	
By: Matthew Beale, Chief Executive Officer
    	
 
    	
 
    

 

1Exhibit 10.1h

 

EIGHTH AMENDMENT AGREEMENT

 

This Eighth Amendment
Agreement (“Eighth Amendment”) is made and entered into this 28 day of April, 2010, but effective as of April 28, 2010
(the “Effective Date”), by and between AMERICAN SHARED RADIOSURGERY SERVICES, Inc. (“ASRS”) and GKV INVESTMENTS,
INC. (“GKV”).

 

WHEREAS, ASRS
and GKV are parties to that certain Operating Agreement for GK Financing, LLC dated as of October 17, 1995, as amended by seven
amendments thereto (the “Operating Agreement”):

 

WHEREAS, ASRS
and GKV desire to further amend the Operating Agreement in certain respects;

 

NOW, THEREFORE,
in consideration of the mutual promises and covenants contained herein, and for other valuable consideration, the adequacy and
sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.                  
Defined Terms. All capitalized terms used herein which are defined in the Operating Agreement shall have the meaning set
forth in the Operating Agreement.

 

2.                   Amendment to Operating Agreement. Effective as of the Effective Date of this Eighth Amendment, the parties agree that the
following sections of the Operating Agreement are amended as follows:

 

	 	A.	Article I, Section 1.16 O(i) of the Operating Agreement entitled “Territory” is hereby amended by deleting that section in its entirety and substituting in lieu thereof the following:

 

“O(i).
“Territory” shall mean the United States of America and Brazil. Provided, however, notwithstanding anything
to the contrary contained herein, the Territory shall also include such additional site locations in countries outside of the United
States of America and Brazil (collectively, “Other Countries”) as may be authorized from time to time upon unanimous
written consent of the (i) Members and (ii) Policy Committee (the “Consent”). The authorization of a site location
in any Other Countries shall be limited only to the specific transaction that is approved pursuant to the Consent. For the avoidance
of doubt, each transaction in all Other Countries shall require a separate Consent even if the transaction is within the same country
as another transaction for which a Consent was previously issued. Upon mutual execution of the Consent, the same shall be incorporated
into the records of the Company.”

 

	 	B.	The first sentence of Paragraph 3.9 of the Operating Agreement (as amended by the Seventh Amendment Agreement dated as of October 18, 2008) is hereby deleted and replaced with the following: “The Company’s sole business shall be to act as a non-exclusive alternative financing provider of EII and EISA to health care institutions in the Territory acquiring Gamma Knife Units.”

 

This Eighth Amendment
may be executed in one or more counterparts (including by facsimile), all of which shall be considered one and the same agreement
and shall become effective (subject to the immediately preceding paragraph) when one or more counterparts have been signed by
each of the parties and delivered to the other party. Except as explicitly amended by the Eighth Amendment, the provisions of
the Operating Agreement shall remain in full force and effect.

 

IN WITNESS WHEREOF,
the parties hereto have hereunto set their hands and seals as of the date first above written.

 

	GKV INVESTMENTS, INC.	AMERICAN SHARED RADIOSURGERY SERVICES, INC.
	 	 
	By: /s/ Mark Symons	By: /s/ Ernest A. Bates
	 	 
	Title: Senior Vice President	Title: President and CEOExhibit 10.1i

 

NINTH AMENDMENT AGREEMENT

 

This Ninth Amendment
Agreement (“Ninth Amendment”) is made and entered into effective as of the 16th day of May, 2011 (the “Effective
Date”), by and between AMERICAN SHARED RADIOSURGERY SERVICES, INC. (“ASRS”) AND GKV INVESTMENTS, INC. (“GKV”).

 

WHEREAS, ASRS
and GKV are parties to that certain Operating Agreement for GK Financing, LLC dated as of October 17, 1995, as amended by eight
amendments thereto (as amended, the “Operating Agreement”):

 

WHEREAS, ARS
and GKV desire to further amend the Operating Agreement as set forth herein;

 

NOW, THEREFORE,
in consideration of the mutual promises and covenants contained herein, and for other valuable consideration, the adequacy and
sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.              Defined
Terms. Unless otherwise defined herein, the capitalized terms used herein shall have the same meanings as set forth in the
Operating Agreement.

 

2.              Amendment
to Paragraph 3.9 of the Operating Agreement. Effective as of the Effective Date of this Ninth Amendment, the parties
agree that Paragraph 3.9 of the Operating Agreement (captioned “Business Purpose of the Company”) shall be
amended as follows:

 

 

(a)              The first and second sentences of Paragraph 3.9 of the Operating Agreement are hereby deleted and replaced with the following:

 

“The business of the Company shall
be to act as a non-exclusive alternative financing provider of Elekta AB, EII, EISA and their respective affiliates and distributors
(collectively, the “Elekta Parties”) to health care institutions and other entities (collectively, “End Users”)
in the Territory acquiring Gamma Knife units and related stereotactic radiosurgery (SRS) and stereotactic radiation therapy (SRT)
equipment which from time to time is included in the Elekta product portfolio (collectively, “Equipment”). As an alternative
financing provider, (i) the Company, either directly or indirectly through the Company’s wholly or partially-owned subsidiary(ies),
(A) may purchase the Equipment from any of the Elekta Parties, and (B) may enter into leases, joint ventures, partnerships and/or
other agreements or arrangements with End Users for the use of Equipment, pursuant to which the Company will be reimbursed, directly
or indirectly, based on the usage of the Equipment, revenues or profits generated therefrom, or other alternative financing arrangement
with the End Users, and/or (ii) the Company may guarantee indebtedness of its wholly or partially owned subsidiary(ies) that is
incurred by such subsidiary(ies) to purchase the Equipment from Elekta Parties.”

 

(b)              All references to “Gamma Knife” in clauses A through H, inclusive, of Paragraph 3.9 of the Operating Agreement shall
mean and be deemed to refer to the Equipment.

 

     

     

    

 

(c)              Counterparts. This Ninth Amendment may be executed in one or more counterparts (including by facsimile), all of which shall
be considered one and the same agreement and shall become effective on the Effective Date.

 

(d)              Full Force and Effect. Except as explicitly amended by this Ninth Amendment, the provisions of the Operating Agreement shall
remain unchanged and in full force and effect.

 

IN WITNESS WHEREOF,
the parties hereto have hereunto set their hands and seals as of the date first above written.

 

	GKV INVESTMENTS, INC.	AMERICAN SHARED RADIOSURGERY SERVICES, INC.
	 	 
	By: /s/ Mark Symons	By: /s/ Ernest A. Bates
	 	 
	Title: Senior Vice President	Title: President and CEO

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