Document:

Exhibit

Exhibit 10.15

AMENDMENT TO EXECUTIVE SEVERANCE 
AND CHANGE IN CONTROL LETTER AGREEMENT 

Dear David:

This Amendment to Executive Severance and Change in Control Letter Agreement (the “Amendment”) to is made and entered into effective as of December 31, 2018 (the “Amendment Effective Date”) by and between ChannelAdvisor Corporation (“ChannelAdvisor”) and David Spitz (“You”).  This Agreement amends the Amended and Restated Executive Severance and Change in Control Letter Agreement between You and ChannelAdvisor dated December 17, 2014 (the “Agreement”) effective as of the Amendment Effective Date.  Except as expressly provided in this Amendment, the Agreement, as amended by this Amendment, remains in full force and effect.  All capitalized terms not defined in this Amendment have the meaning stated in the Agreement.

Section 3 of the Agreement is hereby amended and restated to read as follows:  

“3.    Change in Control with No Termination
If there is a Change in Control and Your employment has not been terminated for any reason as of the first anniversary of the Change in Control, then You shall receive full acceleration of vesting of all Your Awards that were granted before the Amendment Effective Date and are unvested as of the first anniversary of the Change in Control, with the additional vesting being credited on the first anniversary of the Change in Control.”

Sincerely,
CHANNELADVISOR CORPORATION
/s/ Timothy J. Buckley    
Timothy J. Buckley
Chairman, Compensation Committee

Accepted and agreed to by:

/s/ David Spitz    
David SpitzExhibit

Exhibit 10.16

AMENDMENT TO EXECUTIVE SEVERANCE 
AND CHANGE IN CONTROL LETTER AGREEMENT 

Dear Mark:

This Amendment to Executive Severance and Change in Control Letter Agreement (the “Amendment”) to is made and entered into effective as of December 31, 2018 (the “Amendment Effective Date”) by and between ChannelAdvisor Corporation (“ChannelAdvisor”) and Mark E. Cook (“You”).  This Agreement amends the Executive Severance and Change in Control Letter Agreement between You and ChannelAdvisor dated August 31, 2015 (the “Agreement”) effective as of the Amendment Effective Date.  Except as expressly provided in this Amendment, the Agreement, as amended by this Amendment, remains in full force and effect.  All capitalized terms not defined in this Amendment have the meaning stated in the Agreement.

Section 3 of the Agreement is hereby amended and restated to read as follows:  

“3.    Change in Control with No Termination
If there is a Change in Control and Your employment has not been terminated for any reason as of the first anniversary of the Change in Control, then You shall receive one (1) year of acceleration of vesting of all Your Awards that were granted before the Amendment Effective Date and are unvested as of the first anniversary of the Change in Control, with the additional vesting being credited on the first anniversary of the Change in Control.”

Sincerely,
CHANNELADVISOR CORPORATION
/s/ David J. Spitz    
David J. Spitz
Chief Executive Officer
Accepted and agreed to by:

/s/ Mark E. Cook    
Mark E. CookExhibit

Exhibit 10.17

AMENDMENT TO EXECUTIVE SEVERANCE 
AND CHANGE IN CONTROL LETTER AGREEMENT 

Dear Diana:

This Amendment to Executive Severance and Change in Control Letter Agreement (the “Amendment”) to is made and entered into effective as of December 31, 2018 (the “Amendment Effective Date”) by and between ChannelAdvisor Corporation (“ChannelAdvisor”) and Diana Semel Allen (“You”).  This Agreement amends the Executive Severance and Change in Control Letter Agreement between You and ChannelAdvisor dated December 17, 2014 (the “Agreement”) effective as of the Amendment Effective Date.  Except as expressly provided in this Amendment, the Agreement, as amended by this Amendment, remains in full force and effect.  All capitalized terms not defined in this Amendment have the meaning stated in the Agreement.

Section 3 of the Agreement is hereby amended and restated to read as follows:  

“3.    Change in Control with No Termination
If there is a Change in Control and Your employment has not been terminated for any reason as of the first anniversary of the Change in Control, then You shall receive one (1) year of acceleration of vesting of all Your Awards that were granted before the Amendment Effective Date and are unvested as of the first anniversary of the Change in Control, with the additional vesting being credited on the first anniversary of the Change in Control.”

Sincerely,
CHANNELADVISOR CORPORATION
/s/ David J. Spitz    
David J. Spitz
Chief Executive Officer
Accepted and agreed to by:

/s/ Diana Semel Allen    
Diana Semel Allenex_134688.htm

Exhibit 10.1

 

ADDENDUM AND EXTENSION TO AGREEMENT FOR 

PURCHASE AND SALE OF REAL PROPERTY

 

THIS ADDENDUM AND EXTENSION TO AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY (“Addendum”) is made this 5th day of February, 2019 (the “Addendum Effective Date”), by and between PTH NORTH MIAMI LLC, a Florida limited liability company with offices at 200 South Biscayne Blvd, Suite 3600, Miami, FL 33131 (“Buyer”), and DIAMEDIX CORPORATION, a Florida corporation (“Seller”) with offices at 14100 N.W. 57th Court, Miami Lakes, FL 33014.

 

RECITALS:

 

WHEREAS, Seller and Buyer entered into that certain Agreement of Purchase and Sale dated effective as of October 24, 2018 (the “Original Agreement”), as heretofore amended by the documents listed on Exhibit “A” to this Addendum (the “Prior Amendments”) (the Original Agreement and the Prior Amendments are collectively referred to as the “Agreement”), with respect to the sale of that certain real property located in Miami-Dade County, Florida more particularly described in the Agreement (the “Property”);

 

WHEREAS, Seller and Buyer wish to amend the Agreement as set forth in this Addendum.

 

FOR AND IN CONSIDERATION OF THE MUTUAL PROMISES SET FORTH IN THIS ADDENDUM AND OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, BUYER AND SELLER AGREE AS FOLLOWS:

 

1.     Words and phrases defined in the Agreement have the same meaning when used in this Addendum unless otherwise indicated. In the event of any conflict between the terms and provisions of this Addendum and the terms and provisions of the Agreement, the terms and provisions of this Addendum shall control. When fully executed, this Addendum shall become part of the Agreement.

 

2.     The Purchase Price is hereby increased by Five Hundred Thousand Dollars ($500,000.00) to a total of Twenty Three Million Five Hundred Thousand Dollars ($23,500,000.00).

 

3.     Buyer and Seller agree to extend the Examination Period until 5:00 p.m. Eastern Time (as then in effect) on March 22, 2019.

 

4.     The “Closing Date” shall be the date that is forty-five days after the expiration of the Examination Period as extended under Section 3 of this Addendum.

 

5.     During the Examination Period (as extended under this Addendum), Seller may solicit and receive offers for the purchase of all or part of the Property on such terms as Seller may determine in its sole discretion. If Seller receives an offer that Seller intends to accept (an “Offer”), then Seller shall give Buyer written notice of Seller’s intent to accept the Offer. Within five (5) Business Days after Seller has notified Buyer of Seller’s intent to accept the Offer, Buyer shall have the right to waive the balance of the Examination Period and deliver to Seller an Approval Notice, in which case the Earnest Money shall become immediately non-refundable (except only if this Agreement is terminated as a result of Seller’s default under the Agreement). If Buyer fails to waive the Examination Period and send an Approval Notice, the Seller upon written notice to Buyer may terminate this Agreement, in which case the provisions of Section 8 of the Original Contract (including those pertaining to the return of the Earnest Money) shall apply as if Buyer had delivered a Termination Notice; and Buyer’s escrow shall immediately be released back to Buyer.

 

DB    JG

 

 

 

 

6.     Buyer and Seller hereby agree and acknowledge that the entity name for Buyer used in the Agreement contains a scrivener’s error and that the Buyer’s legal entity name is “PTH North Miami, LLC, a Florida limited liability name”. As such, any and all references to “PTH North Miami Ave, LLC, a Florida limited liability company” in the Agreement are hereby deleted and replaced with a reference to “PTH North Miami, LLC, a Florida limited liability company” and any and all references to “Buyer” in the Agreement shall be deemed a reference to PTH North Miami, LLC, a Florida limited liability company.

 

7.     The terms of the Agreement not expressly modified on this Addendum shall remain binding and enforceable and all such terms (as modified in this Addendum) are hereby ratified and confirmed by Buyer and Seller.

 

8.     This Addendum may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which shall constitute one and the same agreement. A facsimile or electronic copy of this Addendum and any signatures thereon shall be considered an original for all purposes.

 

 

 

 

 

SIGNATURES ON FOLLOWING PAGE

DB   JG

 

2

 

 

IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have caused this Addendum to be duly executed.

 

	 	BUYER:
	 	 
	 	PTH NORTH MIAMI LLC, a Florida limited liability company
	 	 	 	 	 	 
	 	By:	/s/ Jeffrey B. Grossfeld	 
	 	Name:	Jeffrey B. Grossfeld	 
	 	Title:	Manager	 
	 	Date:	February 5, 2019	 
	 	 	 	 	 	 
	 	 
	 	 
	 	SELLER:
	 	 
	 	DIAMEDIX CORPORATION, a Florida corporation
	 	 	 	 	 	 
	 	By:	/s/ David Barka	 
	 	Name:	David Barka	 
	 	Title:	CEO	 	 
	 	Date:	February 5, 2019	 

 

3

 

 

EXHIBIT “A”

 

DESCRIPTION OF PRIOR AMENDMENTS

 

	 	
			(1)

				
			Extension Addendum to Contract dated December 27, 2018.

			

 

	 	
			(2)

				
			Extension Addendum to Contract dated January 14, 2019.

			

 

	 	
			(3)

				
			Extension Addendum to Contract dated January 18, 2019.

			

 

	 	
			(4)

				
			Extension Addendum to Contract dated January 21, 2019.

			

 

	 	
			(5)

				
			Extension Addendum to Contract dated January 23, 2019.

			

 

	 	
			(6)

				
			Extension Addendum to Contract dated January 25, 2019.

			

 

	 	
			(7)

				
			Extension Addendum to Contract dated January 29, 2019.

			

 

	 	
			(8)

				
			Extension Addendum to Contract dated February 1, 2019.

			

 

A-1

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