Document:

AMENDMENT TO EMPLOYMENT AGREEMENT, DATED AS OF MAY 3, 1999

  
 Exhibit 10.32

  
 AMENDMENT TO EMPLOYMENT AGREEMENT 

 
 WHEREAS, Laura Lang (the “Executive”) is currently
employed as a senior executive of Digitas LLC, a Delaware Limited Liability Company, whose sole shareholder is Digitas, Inc., a Delaware Corporation, under an Employment Agreement dated May 3, 1999 (the “Agreement”) between the Executive
and Bronner Slosberg Humphrey, LLC, a predecessor to Digitas Inc.; and 
  
 WHEREAS, the Board of Directors of Digitas, Inc. has authorized certain severance provisions in respect of senior executives, and the parties hereto consider it appropriate that the Agreement be amended to reflect such provisions;

  
 NOW, THEREFORE, Digitas, Inc. and the Executive agree
to the following amendments to the Agreement. Unless otherwise expressly stated herein, “the Company” in the Agreement shall mean Digitas LLC and Digitas Inc., or either of them, as the context may require. Other defined terms used in this
Amendment shall have the same meanings as in the Agreement. 
  

	1.	Section 4(b) of the Agreement (“By the Executive”) is deleted and replaced by the following sections: 

  

	 	4.	Employment Termination 

  
 • • • 
  

	 	(b)	Termination by the Executive. The Executive’s employment may be terminated by the Executive under either of the following circumstances: 

 

	 	(i)	for “Good Reason,” as defined below; or 

  

	 	(ii)	for any other reason (a termination without “Good Reason”). 

  

	 	(c)	Definition of “Good Reason”. “Good Reason” means termination at the Executive’s initiative: 

  

	 	(i)	within two years after a corporate Change in Control (as defined in Exhibit A to this Agreement) if the Executive’s title, duties, status, reporting relationship, authority,
responsibilities or compensation have been materially and adversely affected; or if the Executive’s principal place of employment immediately prior to the Change of Control is relocated to a location more than 50 miles from such place of
employment. 

  

	 	(ii)	after any material failure by the Company to comply with any provision of Section 3 of this Agreement, unless such failure is remedied by the Company within ten business days after
receipt of Notice thereof from the Executive. 

  
 The Executive shall give the Company Notice of termination specifying which of the foregoing provisions is applicable and the factual basis 

  

 
therefor, and if the Company fails to remedy such material failure, the termination shall be effective upon the 30th business day after such Notice is given or such other date as the Company and the Executive shall agree (“Date of Termination”).

  

	2.	Section 4(c) of the Agreement (“Severance Benefits”) is deleted and replaced by the following sections: 

  

	 	(d)	Severance Benefits. If during the Employment Period the Executive’s employment is terminated by the Company without Cause or by the Executive for Good Reason, the
Executive shall not be entitled to any further compensation or benefits provided for under this Agreement except as follows: 

  

	 	(i)	For a period of twelve months after the Date of Termination, the Company shall continue to pay the Executive (A) the Base Salary at the rate in effect immediately before the Date of
Termination (but, in the case of a termination by the Executive for Good Reason, disregarding any reduction thereof that was the basis for such termination) and (B) an annual bonus amount (the “Bonus Amount”) equal to the average of the
annual bonuses paid to the Executive for the three years immediately preceding the year of the Date of Termination, or the average of the annual bonuses for the year(s) immediately preceding the year of the Date of Termination, if the Executive has
been employed by the Company for less than three years. If no bonus was paid to the Executive for the year immediately preceding the year of the Date of Termination, the Bonus Amount shall be calculated at 50% of the Base Salary;

  

	 	(ii)	The Company shall continue to provide the Executive with group health benefits pursuant to COBRA (the “Group Health Benefits”) for twelve months after the Date of
Termination, and shall provide the Executive with information and access to enable the Executive to continue COBRA coverage thereafter at the Executive’s expense for the maximum permitted duration; provided, that during any period when
the Executive is eligible to receive any such benefits under another employer-provided plan or a government plan, the Group Health Benefits or substitute benefits provided by the Company under this clause may be made secondary to those provided
under such other plan; 

  

	 	(iii)	The Company shall pay the Executive any amounts that have been earned but not yet paid under Section 3 hereof. 

  

	 	(iv)	Receipt of severance benefits is conditioned on Executive’s execution and delivery of a separation agreement including a general release of claims, in a form acceptable to the
Company, and on Executive’s strict compliance with the Non-Competition, Non-Solicitation and Confidentiality obligations set forth in the Agreement. 

  

	 	(e)	Additional Severance Benefits upon Terminations after Corporate Change in Control. In addition to the severance benefits provided for in Section 4(d), if within two
years after a corporate Change in Control (as defined in Exhibit A to this Agreement) the Executive’s employment is terminated by the Company without Cause or by the Executive for Good Reason, stock options previously granted to the Executive
shall become vested and exercisable in accordance with the application stock option plan(s). 

  

	 	(f)	Additional Limitation. 

  

	 	(i)	Anything in this Agreement to the contrary notwithstanding, in the event that any compensation, payment or distribution by the Company to or for the benefit of the Executive,
whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (the “Severance Payments”), would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as
amended (the “Code”), the following provisions shall apply: 

  

	 	(A)	If the Severance Payments, reduced by the sum of (1) the Excise Tax (as defined below) and (2) the total of the Federal, state and local income and employment taxes payable by the
Executive on the amount of the Severance Payments which are in excess of the Threshold Amount (as defined below), are greater than or equal to the Threshold Amount, the Executive shall be entitled to the full benefits payable under this Agreement.

  

	 	(B)	 If the Threshold Amount is less than (x) the Severance Payments, but greater than (y) the Severance Payments reduced by the sum of (1) the Excise Tax and (2) the
total of the Federal, state and local income and employment taxes on the amount of the Severance Payments which are in excess of the Threshold Amount, then the benefits payable under this Agreement shall be reduced (but not below zero) to the extent
necessary so that the maximum Severance Payments shall not exceed the Threshold Amount. To the extent that there is more than one method of reducing the payments to bring them 

  

	 	 
within the Threshold Amount, the Executive shall determine which method shall be followed; provided that if the Executive fails to make such determination
within 45 days after the Company has sent the Executive Notice of the need for such reduction, the Company may determine the amount of such reduction in its sole discretion. 

  
 For the purposes of this Section 4(f), “Threshold Amount” shall
mean three times the Executive’s “base amount” within the meaning of Section 280G(b)(3) of the Code and the regulations promulgated thereunder less one dollar ($1.00); and “Excise Tax” shall mean the excise tax imposed by
Section 4999 of the Code, and any interest or penalties incurred by the Executive with respect to such excise tax. 
  

	 	(ii)	The determination as to which of the alternative provisions of Section 4(f)(i) shall apply to the Executive shall be made by Arthur Andersen or any other nationally recognized
accounting firm selected by the Company (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and the Executive within 15 business days of the Date of Termination, if applicable, or at such
earlier time as is reasonably requested by the Company or the Executive. For purposes of determining which of the alternative provisions of Section 4(f)(i) shall apply, the Executive shall be deemed to pay federal income taxes at the highest
marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in the state and locality of the
Executive’s residence on the Date of Termination, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes. Any determination by the Accounting Firm shall be binding upon the
Company and the Executive. 

  

	3.	Section 4(d) of the Agreement (“Other Employment Terminations”) is renumbered Section 4(g). 

  
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 IN WITNESS WHEREOF, the Executive and Company have executed this Amendment as of December 7, 2000.

  

	
	
	 /s/ Laura Lang

	LAURA LANG

  

			
	DIGITAS, INC.
		
	By:	 	 /s/ David Kenny

  

 EXHIBIT A 
 DEFINITION OF “CHANGE IN CONTROL” 
  
 “Change in Control” shall mean any of the following: 
  
 (a) any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Act”) (other than the Company, any of its subsidiaries, or any trustee, fiduciary or other
person or entity holding securities under any employee benefit plan or trust of the Company or any of its subsidiaries), together with all “affiliates” and “associates” (as such terms are defined in Rule 12b-2 under the Act) of
such person, shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing twenty-five percent (25%) or more of either (A) the combined voting
power of the Company’s then outstanding securities having the right to vote in an election of the Company’s Board (“Voting Securities”) or (B) the then outstanding shares of Company’s common stock, par value $0.01 per share
(“Common Stock”) (other than as a result of an acquisition of securities directly from the Company); or 
  
 (b) persons who, as of the Commencement Date, constitute the Company’s Board (the “Incumbent Directors”) cease for any reason, including,
without limitation, as a result of a tender offer, proxy contest, merger or similar transaction, to constitute at least a majority of the Board, provided that any person becoming a director of the Company subsequent to the Commencement Date shall be
considered an Incumbent Director if such person’s election was approved by or such person was nominated for election by a vote of at least a majority of the Incumbent Directors; but provided further, that any such person whose initial
assumption of office is in connection with an actual or threatened election contest relating to the election of members of the Board or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board,
including by reason of agreement intended to avoid or settle any such actual or threatened contest or solicitation, shall not be considered an Incumbent Director; or 
  
 (c) the stockholders of the Company shall approve (A) any consolidation or merger of the Company where the stockholders of
the Company, immediately prior to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, shares representing in the
aggregate more than fifty percent (50%) of the voting shares of the Company issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any), (B) any sale, lease, exchange or other transfer (in one
transaction or a series of transactions contemplated or arranged by any party as a single plan) of all or substantially all of the assets of the Company or (C) any plan or proposal for the liquidation or dissolution of the Company. 
  
 Notwithstanding the foregoing, a “Change of Control” shall not be deemed to have
occurred for purposes of the foregoing clause (a) solely as the result of an acquisition of securities by the Company which, by reducing the number, of shares of Common Stock or other Voting Securities outstanding, increases the proportionate number
of shares beneficially owned by any person to twenty-five percent (25%) or more of either (A) the combined voting power of all of the then outstanding Voting Securities or (B) Common Stock; provided, however, that if any person 

  

 
referred to in this sentence shall thereafter become the beneficial owner of any additional shares of Voting Securities or Common Stock (other than pursuant
to a stock split, stock dividend, or similar transaction or as a result of an acquisition of securities directly from the Company) and immediately thereafter beneficially owns twenty-five percent (25%) or more of either (A) the combined voting power
of all of the then outstanding Voting Securities or (B) Common Stock, then a “Change of Control” shall be deemed to have occurred for purposes of the foregoing clause (a).FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT, DATED AS OF JUNE 29, 2001

 Exhibit 10.61 
  
 FIRST AMENDMENT TO 
 REVOLVING CREDIT AGREEMENT 
  
 FIRST AMENDMENT
TO REVOLVING CREDIT AGREEMENT, dated as of June 29, 2001 (this “Amendment”), by and among DIGITAS LLC (the “Borrower”), a Delaware limited liability company, and DIGITAS INC., a Delaware corporation, VESUVIO,
INC., a Delaware corporation, BRONNER SLOSBERG HUMPHREY CO., a Massachusetts business trust, and BSH HOLDING LLC, a Delaware limited liability company, as Guarantors, and FLEET NATIONAL BANK, a national banking association,
and the other lending institutions listed on Schedule 1 to the Credit Agreement (collectively, the “Banks”) and FLEET NATIONAL BANK as agent for the Banks (the “Agent”), amending certain provisions of the
Revolving Credit Agreement, dated as of July 25, 2000 (the “Credit Agreement”), by and among the Borrower, the Guarantors, the Banks and the Agent. Terms not otherwise defined herein which are defined in the Credit Agreement shall have the
same respective meanings herein as therein. 
  
 WHEREAS,
the Borrower and the Bank desire to amend the Credit Agreement as provided more fully herein below; 
  
 NOW THEREFORE, in consideration of the mutual agreements contained in the Credit Agreement and herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
  
 §1. Amendment to the Credit Agreement. The Credit Agreement is hereby amended as follows: 
  
 (a) Section 1.1 of the Credit agreement is amended by adding the
following new definition to such §1.1 in the appropriate alphabetical order: 
  
 Cash Equivalents. As to the Parent Companies, the Borrower and their Subsidiaries, (a) securities issued or directly and fully guaranteed or insured by the United States of America and having a maturity of not
more than six (6) months from the date of acquisition; (b) certificates of deposit, time deposits and eurodollar time deposits with maturities of six (6) months or less from the date of acquisition, bankers’ acceptances with maturities not
exceeding six (6) months and overnight bank deposits, in each case, (i) with any Banks or (ii) with any domestic commercial bank organized under the laws of the United States of America or any state thereof, in each case having a rating of not less
than A or its equivalent by S&P or any successor and having capital and surplus in excess of $1,000,000,000; (c) repurchase obligations with a term of not more than seven (7) days for underlying securities of the types described in clauses (a)
and (b) above; and (d) any commercial paper or finance company paper issued by (i) any Bank or any holding company controlling any Bank or (ii) any other Person that is rated not less than “P-1” or “A-1” or their equivalents by
Moody’s or S&P or their successors. 
  
 (b) Section 11.3 is amended by adding the following new sentence at the end of such §11.3: 
  
 Notwithstanding the foregoing, this §11.3 shall not be tested during the Reference Period ending on June 30, 2001. 
  
 (c) Section 11 is further amended by adding the following new
§11.4: 
  
 11.4 Minimum
Liquidity. The Borrower will not permit the sum of cash, Cash Equivalents and marketable securities maintained by the Parent Companies, the Borrower and their Subsidiaries on their balance sheets to be less than $25,000,000 at any time. Only
marketable securities which are not subject to any restriction upon transfer shall be included when determining compliance with this §11.4. 

 §2. Conditions to Effectiveness. This Amendment shall not become effective until the
Agent shall have received a counterpart of this Amendment executed by the Borrower, the Guarantors, the Banks and the Agent. 
  
 §3. Representations and Warranties. The Borrower hereby represents and warrants to the Banks and the Agent as follows:

  
 (a) Representation and Warranties
in the Credit Agreement. The representations and warranties of the Borrower and the Guarantors contained in the Credit Agreement were true and correct in all material respects as of the date when made and continue to be
true and correct in all material respects on the date hereof, except to the extent of changes resulting from transactions or events contemplated by the Credit Agreement and the other Loan Documents and changes occurring in the ordinary course of
business that singly or in the aggregate are not materially adverse to the Borrower or such Guarantor, or to the extent that such representations and warranties relate expressly to an earlier date. 
  
 (b) Ratification, Etc. Except as expressly
amended or waived hereby, the Credit Agreement, and all documents, instruments and agreements related thereto, are hereby ratified and confirmed in all respects and shall continue in full force and effect. The Credit Agreement, shall together with
this Amendment, be read and construed as a single agreement. All references in the Credit Agreement or any related agreement or instrument shall hereafter refer to the Credit Agreement as amended hereby. 
  
 (c) Authority, Etc. The execution and delivery by the
Borrower and each Guarantor of this Amendment and the performance by the Borrower and each Guarantor of all of its agreements and obligations under the Credit Agreement as amended hereby are within the authority of the Borrower and each such
Guarantor and have been duly authorized by all necessary action on the part of the Borrower and each of the Guarantors. 
  
 (d) Enforceability of Obligations. This Amendment and the Credit Agreement as amended hereby constitute the legal, valid and
binding obligations of the Borrower and each Guarantor enforceable against the Borrower and each Guarantor in accordance with their terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws
relating to or affecting generally the enforcement of, creditors’ rights and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding
therefor may be brought. 
  
 (e) No Default.
No Default or Event of Default has occurred and is continuing, and no Default or Event of Default will exist after execution and delivery of this Amendment. 
  
 §4. No Other Amendments. Except as expressly provided in this Amendment, all of the terms and conditions of
the Credit Agreement and the other Loan Documents remain in full force and effect. Nothing contained in this Amendment (a) shall be construed to imply a willingness on the part of the Banks to grant any similar or other future amendment or waiver of
any of the terms and conditions of the Credit Agreement or the other Loan Documents and (b) shall in any way prejudice, impair or effect any rights or remedies of the Banks or the Agent under the Credit Agreement or the other Loan Documents.

  
 §5. Execution in
Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but which together shall constitute one instrument. 
  
 §76 Expenses. Pursuant to §17 of the Credit Agreement, all costs and expenses incurred or sustained
by the Banks and the Agent in connection with this Amendment, including the fees and disbursements of legal counsel for the Agent in producing, reproducing and negotiating the Amendment, will be for the account of the Borrower whether or not the
transactions contemplated by this Amendment are consummated. 
  
 §7. Miscellaneous. THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS AND SHALL FOR ALL PURPOSES BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE COMMONWEALTH OF
MASSACHUSETTS (EXCLUDING THE LAWS APPLICABLE TO CONFLICTS OR CHOICE OF LAW). The captions in this Amendment are for convenience of reference only and shall not define or limit the provisions hereof. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
a document under seal as of the date first above written. 
  

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	DIGITAS LLC
		
	 By:
	 	                                      
                                        
                                        
 
	 	 	   Name:

	 	 	   Title:

	
	 DIGITAS INC., as a Guarantor

		
	 By:
	 	                                      
                                        
                                        
 
	 	 	   Name:

	 	 	   Title:

	
	 VESUVIO, INC., as a Guarantor

		
	 By:
	 	                                      
                                        
                                        
 
	 	 	   Name:

	 	 	   Title:

	
	 BRONNER, SLOSBERG HUMPHREY CO., as a Guarantor

		
	 By:
	 	                                      
                                        
                                        
 
	 	 	   Name:

	 	 	   Title:

	
	 BSH HOLDING LLC, as a Guarantor

		
	 By:
	 	                                      
                                        
                                        
 
	 	 	   Name:

	 	 	   Title:

	
	 FLEET NATIONAL BANK, individually and as Agent

		
	 By:
	 	                                      
                                        
                                        
 
	 	 	   Name: Patricia K. Conry,

	 	 	   Senior Vice President

  

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