Document:

Document

Exhibit 10.1

August 10, 2022

Dave Moore 
c/o 10 Glenlake Parkway, 600 South
Atlanta, GA 30328 

Dear Dave,

It is my pleasure to submit to you this employment offer with Americold (the “Company”), which shall supersede and replace the terms of your current employment agreement dated January 3, 2022 except as set forth in this letter. Based on your position, the following offer provisions should be attractive and can be summarized within these points: 

The position being offered is Executive Vice President & Chief Operating Officer-North America, to be effective on August 15, 2022.

You will report to the Chief Executive Officer or such other position as may be designated by the Company. 

You will be located out of our corporate office in Atlanta, Georgia. 

Your annual base salary will be $475,000, which will be reviewed on an annual basis.

The annual incentive compensation opportunity and incentive components for calendar year 2022 under the annual Annual Incentive Plan (“AIP”) remain “as is”. 

You will remain eligible to participate in the Americold Realty Trust 2017 Equity Incentive Plan (the “LTIP Plan” or the “Stock Plan”) in such amounts and at such times as the Compensation Committee of the Board of Trustees shall determine at its sole discretion. Awards will be reviewed annually and subject to the terms and conditions of the LTIP Plan and associated grant documentation: 

Your benefit plan will now include paid medical/dental/vision for you and your dependents through our Executive Health program. 

You will also be eligible for 25 days Paid Time Off (PTO) per calendar year in accordance with the Company’s policy, as well as the Company paid holidays, all which will be administered in accordance with Company policy.

The Company will continue to maintain director and officer liability insurance to cover you and the Company will indemnify you for actions during the Employment Term taken by you as a director or officer of the Company to the full extent authorized by law with limited exceptions. 

You will remain subject to the Restrictive Covenants and Mandatory Arbitration Agreement you previously signed. 

Additional details such as notice to leave the Company and any other termination provisions will be found in our Executive Severance Benefits Plan, which will be provided to you separately. 

All of us are excited about the opportunities ahead and the contributions you are making with our Company. We are convinced you will continue to add significant value to the success of Americold, and our vision of “becoming our customers most valued partner and supplier.” The team looks forward to making your transition within the Americold family as smooth as possible                

Please note that your employment with Americold is “at will”. You have the right to review this job offer with anyone you choose at your cost. Please sign and return to me on August 15, 2022.
10 Glenlake Parkway, 600 South | Atlanta, Georgia 30328 | USA | p. +1.678.441.1400 

Exhibit 10.1

Very truly yours,
Americold Logistics, LLC
Sam Charleston

Samantha “Sam” Charleston
Executive Vice President & Chief Human Resources Officer 
cc: George Chappelle

												
	Please sign below to confirm your understanding and acceptance of the above terms and conditions of the offer.

	Signature:		Date:	

10 Glenlake Parkway, 600 South | Atlanta, Georgia 30328 | USA | p. +1.678.441.1400Document

Exhibit 10.2

10 August 2022

Richard Winnall Dear Richard:
Americold (the “Company”) would like to offer you the role of Chief Operating Officer, International, reporting to the Company’s Chief Executive Officer. In this role, you will also serve as a Director on behalf of designated Company international entities.

We will shortly send you an employment contract (the Contract) which encapsulates the terms and conditions of the role. However, we wanted to take this opportunity to outline the broad terms of the offer we are making to you.

The information provided in this letter is not contractual in nature and each item will be subject to the terms of the Contract.

The effective date will be August 15, 2022. 
The remuneration offered with the role will be made up of a salary and participation in both the Company’s Annual Incentive Plan (AIP Plan) and Long-Term Incentive program. 
The base salary on commencement in the role will be AUD$535,000 per annum and is exclusive of superannuation. 
The annual incentive opportunity for meeting performance goals will be targeted at 60% of your base salary as of August 15, 2022 and paid in accordance with the terms of the AIP Plan. Both the AIP Plan and the Contract will contain details about the potential payment and its terms.
You will remain eligible to participate in the Long-Term Incentive program; specifically, the Americold Realty Trust 2017 Equity Incentive Plan (the “Stock Plan” or “LTIP”) in such amounts and at such times as the Compensation Committee of the Board of Trustees of Americold Realty Trust shall determine at its sole discretion. Details will be included in the Contract and governed by the Stock Plan and award agreements between you and Americold Realty Trust.
As outlined above, this letter confirms our offer and includes the broad details of your role and remuneration. The full terms and conditions of our offer will be contained in the Contract.

Sincerely,
Americold Logistics

Sam Charleston

Samantha “Sam” Charleston
cc: George Chappelle

10 Glenlake Parkway | Suite 600, South Tower | Atlanta, GA 30328 | USA | p. +1.678.441.1400 | www.americold.comEX-10.1

 Exhibit 10.1 

LSB Funding LLC 
 600 Steamboat
Road, Suite 200 
 Greenwich, Connecticut 06830 

August 10, 2022 
 LSB Industries, Inc. 

3503 NW 63rd Street, Suite 500 

Oklahoma City, Oklahoma 73107 
 Attention: Michael J. Foster,
General Counsel 
 Re: Board Representation and Standstill Agreement 

Ladies and Gentlemen, 
 This letter agreement is being entered
into as of the date first listed above by and among LSB Funding LLC, a Delaware limited liability company (“LSB Funding”), LSB Industries, Inc., a Delaware corporation (the “Company”), SBT Investors LLC, a Delaware
limited liability company (“SBT Investors”), Security Benefit Corporation, a Kansas corporation (“Security Benefit”), Todd Boehly (“Boehly”), Estate of Jack E. Golsen (together with any successors,
“J. Golsen”), Steven J. Golsen (“S. Golsen”), Barry H. Golsen (“B. Golsen”), Linda Golsen Rappaport (“L. Rappaport”), Golsen Family LLC (“Family LLC”), SBL LLC
(“SBL LLC”), and Golsen Petroleum Corp. (“GPC”, and together with J. Golsen, S. Golsen, B. Golsen, L. Rappaport, Family LLC, SBL LLC, each a “Golsen Holder” and, collectively, the “Golsen
Holders”), in connection with (a) the amendment to the Board Representation and Standstill Agreement, as defined below, as expressly provided in this letter and (b) the pro rata distribution in kind by LSB Funding of shares of the
Company’s common stock, par value $0.10 per share (“LSB Common Stock”), and related subsequent pro rata distributions in kind by certain of its direct and indirect parent companies and members to their respective members,
partners or stockholders (the “Distribution in Kind”), such Distribution in Kind to occur immediately following the effectiveness of this letter agreement. 

Reference is made to that certain Board Representation and Standstill Agreement, dated as of December 4, 2015, by and among the Company, LSB Funding,
Security Benefit, Boehly and the Golsen Holders (as previously amended on October 26, 2017, October 18, 2018 and September 27, 2021, the “Board Representation and Standstill Agreement”). Capitalized terms used and not
otherwise defined herein shall have the respective meanings ascribed to them in the Board Representation and Standstill Agreement. 
 1. Transfer of
Board Representation Rights. Pursuant to Section 1(e) of the Board Representation and Standstill Agreement, in connection with the Distribution in Kind, the Company hereby acknowledges the transfer by LSB Funding of its option and right to
appoint Purchaser Designated Directors, and all related rights and obligations in connection therewith, pursuant to the terms of the Board Representation and Standstill Agreement to SBT Investors LLC (the “Board Representation Rights
Transfer”). In connection with the Board Representation Rights Transfer, simultaneously with the execution of this letter agreement, SBT Investors will deliver an executed joinder in the form attached as Annex B to the Board Representation
and Standstill Agreement such that SBT Investors shall be deemed a Permitted Transferee and a Purchaser Party for the purposes of the Board Representation and Standstill Agreement. 

2. Amendments to Board Representation and Standstill Agreement. In connection with the Board Representation Rights Transfer and for other good and
valuable consideration the receipt and sufficiency 

 
of which is hereby acknowledged by each of LSB Funding and the Company, each of the Company, LSB Funding, Security Benefit Corporation, Boehly and the Golsen Holders hereby agree, in accordance
with Section 4(f) of the Board Representation and Standstill Agreement, to the following amendments to the Board Representation and Standstill Agreement, which constitute a written amendment for purposes thereof: 

 

	 	a)	 Section 1 (c) is amended and restated to read as follows: 

For so long as the Board consists of nine (9) or fewer Directors, from and after the Closing and until the Board Designation Termination
Date, the Purchaser shall be entitled to designate up to two (2) Purchaser Designated Directors pursuant to this Section 1; provided, however, that, from and after the redemption in full of all of the Acquired Series E-1 Preferred Stock held by the Purchaser and its Permitted Transferees (the “Redemption Termination Date”), so long as the Purchaser and its Permitted Transferees, collectively, continue to beneficially
own at least 10% (but less than 25%) of the shares of Common Stock issuable upon exercise of the Warrants (whether owned following exercise of the Warrants or as a right to acquire such shares of Common Stock upon exercise of the Warrants), the
Purchaser shall only be entitled to designate one (1) Purchaser Designated Director and the Company and Board shall take all actions necessary or advisable to effect the foregoing provision. For so long as the Board consists of ten (10) or
more Directors, from and after the Closing and until the Board Designation Termination Date, the Purchaser shall be entitled to designate up to three (3) Purchaser Designated Directors pursuant to this Section 1; provided, however, that,
from and after the Redemption Termination Date, (i) so long as the Purchaser and its Permitted Transferees, collectively, continue to beneficially own at least 25% of the shares of Common Stock issuable upon exercise of the Warrants (whether
owned following exercise of the Warrants or as a right to acquire such shares of Common Stock upon exercise of the Warrants), the Purchaser shall only be entitled to designate up to two (2) Purchaser Designated Directors and (ii) so long
as the Purchaser and its Permitted Transferees, collectively, continue to beneficially own at least 10% (but not greater than 24.99%) of the shares of Common Stock issuable upon exercise of the Warrants (whether owned following exercise of the
Warrants or as a right to acquire such shares of Common Stock upon exercise of the Warrants), the Purchaser shall only be entitled to designate one (1) Purchaser Designated Director and the Company and Board shall take all actions necessary or
advisable to effect the foregoing provision. From and after the Closing until the Golsen Holders Board Designation Termination Date, the Golsen Holders shall be entitled to designate up to two (2) Golsen Holders Designated Directors pursuant to
this Section 1; provided, however, so long as the Golsen Holders, collectively, continue to beneficially own at least 570,282 shares of Common Stock (but not 5% or more of the then outstanding Common Stock), the Golsen Holders shall only be
entitled to designate up to one (1) Golsen Holders Designated Director and the Company and the Board shall take all actions necessary and advisable to effect the foregoing provision. Notwithstanding the foregoing, (x) the rights of the
Purchaser to designate any Purchaser Designated Directors pursuant to this Section 1 shall immediately cease and terminate on the first date on which the Purchaser and its Permitted Transferees, collectively, no longer beneficially own at least
10% of the Common Stock issuable upon exercise of the Warrants (whether owned following exercise of the Warrants or as a right to acquire such Common Stock upon exercise of the Warrants) (such date, the “Board Designation Termination
Date”) and (y) the rights of the Golsen Holders to designate any Golsen Holders Designated Directors pursuant to this Section 1 shall immediately terminate on the first date on which the Golsen Holders, collectively, no longer
beneficially own at least 570,282 shares of Common Stock (such date, the “Golsen Holders Board Designation Termination Date”). At any time on or after the Redemption Termination Date, the Board Designation Termination Date or the Golsen
Holders Board Designation Termination Date, the Board shall be entitled to accept and make effective the resignations of any Designated Directors in excess of the number of Designated Directors that the Purchaser or the Golsen Holders,

 
as applicable, are entitled to designate pursuant to this Section 1(c); provided, however, that the Purchaser or the Golsen Holders, as applicable, shall be entitled to specify (by written
notice to the Company) which Designated Directors’ resignations shall be so accepted and made effective if the number of required resignations hereunder is less than the number of then serving Designated Directors designated by the Purchaser or
the Golsen Holders, as applicable. In addition to the obligation in Section 1(a) of each Designated Director to deliver the written resignation described therein, after the Redemption Termination Date, the Board Designation Termination Date or
the Golsen Holders Board Designation Termination Date, as applicable, each of the Purchaser, on the one hand, and the Golsen Holders, on the other hand, agree, promptly upon (and in any event within two (2) Business Days following) receipt of a
written request from the Company, to cause the Designated Directors then serving as members of the Board in excess of the number of Designated Directors that it or they are entitled to designate pursuant to this Section 1(c), as applicable, to
resign from the Board effective immediately. 
 “Affiliate” means, with respect to any Person, any other Person that directly or
indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause
the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. For the avoidance of doubt, for purposes of this Agreement, the Company, on the one hand, and the Purchaser, on the
other, shall not be considered Affiliates. 
  

	 	b)	 Section 1(g) is hereby amended by eliminating the reference to “J. Golsen” contained therein and
replacing such with “S. Golsen.” 

  

	 	c)	 Section 4(b) is amended by replacing the paragraphs beginning with “If to the Company:” and
“If to any Purchaser Party:” with the following: 

 If to the Company: 

LSB Industries, Inc. 
 3503 NW
63rd Street, Suite 500 
 Oklahoma City, Oklahoma 73116 

Attention: Michael Foster, General Counsel 

Email: MFoster@lsbindustries.com 

with a copy to (which shall not constitute notice): 

Ropes & Gray LLP 
 1211
Avenue of the Americas 
 New York, New York 10036 

Attention: Craig Marcus, Esq.; Faiza Rahman, Esq. 

Email: Craig.Marcus@ropesgray.com; Faiza.Rahman@ropesgray.com 

If to any Purchaser Party: 
 LSB
Funding LLC 
 600 Steamboat Road, Suite 200 

Greenwich, Connecticut 06830 

Attention: Legal 

Email: legal@eldridge.com 

 If to any Golsen Holder, to the Golsen Representative: 

Steven Golsen 
 PO Box 705 

Oklahoma City, OK 73101 

Attention: Steven Golsen 

Email: sgolsen@cox.net 
 3.
Miscellaneous. 
 Except for the amendments and modifications expressly made in this letter agreement, the Board Representation and Standstill
Agreement shall remain unchanged and in full force and effect in accordance with its terms. By its signature below, each party consents and agrees to the transactions described herein and agrees to execute, acknowledge, deliver, file and record such
further certificates, amendments, instruments and documents, and to do all such other acts and things, as may be required by law or as, in the reasonable judgment of the parties hereto, may be necessary or advisable to carry out the intent and
purposes of the transactions described in this letter agreement. 
 This letter agreement, and all claims or causes of action (whether in contract or tort)
that may be based upon, arise out of or relate to this letter agreement, will be construed in accordance with and governed by the laws of the State of Delaware without regard to principles of conflicts of laws. 

This letter agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which counterparts, when
so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute one and the same agreement. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the Parties hereto execute this letter agreement, effective as of the
date first above written. 
  

			
	COMPANY:
	
	LSB INDUSTRIES, INC.
		
	By:	 	 /s/ Cheryl Maguire

	Name:	 	Cheryl Maguire
	Title:	 	Chief Financial Officer

			
	PURCHASER PARTIES:
	
	LSB FUNDING LLC
		
	By:	 	 /s/ Todd Boehly

	Name:	 	Todd Boehly
	Title:	 	Manager
	
	SBT INVESTORS LLC
	By: NZC Capital LLC, its Member Manager
		
	By:	 	 /s/ Todd Boehly

	 Name:
 Title:
	 	 Todd Boehly
 Manager

	
	SECURITY BENEFIT CORPORATION
		
	By:	 	 /s/ Amy L. Comer

	Name:	 	Amy L. Comer
	Title:	 	Vice President and Assistant General Counsel
	
	 /s/ Todd Boehly

	Todd Boehly

			
	GOLSEN HOLDERS:
	
	 /s/ Barry H. Golsen

	Barry H. Golsen, as representative of the estate of Jack E. Golsen
	
	 /s/ Barry H. Golsen

	Barry H. Golsen
	
	 /s/ Steven J. Golsen

	Steven J. Golsen
	
	 /s/ Linda Golsen Rappaport

	Linda Golsen Rappaport
	
	GOLSEN FAMILY LLC
		
	By:	 	 /s/ Steven J. Golsen

	Name:	 	Steven J. Golsen
	Title:	 	Manager
	
	SBL LLC
		
	By:	 	 /s/ Steven J. Golsen

	Name:	 	Steven J. Golsen
	Title:	 	Manager
	
	GOLSEN PETROLEUM CORP.
		
	By:	 	 /s/ Steven J. Golsen

	Name:	 	Steven J. Golsen
	Title:	 	Manager

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