Document:

Exhibit

Exhibit 10.12

CLARCOR INC.

AGREEMENT

FOR THE ISSUANCE OF

RESRICTED STOCK UNITS (NO ELECTION TO DEFER)

This agreement (this “Agreement”) made as of this      th day of December, 2016 (the “Award Date”), between CLARCOR Inc., a Delaware corporation (the “Company”), and                 (the “Participant”) relates to the grant to the Participant by the Company of Restricted Stock Units pursuant to the Company’s 2014 Incentive Plan (the “Plan”). Applicable provisions of the Plan are incorporated herein as though set forth herein in full. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings specified in the Plan.

Section 1  Restricted Stock Unit Award.  The Company hereby awards to the Participant as of the Award Date,                    Restricted Stock Units (the “Units”).  Subject to Section 3 of this Agreement, twenty-five percent (25%) of such Units shall vest on each anniversary of the Award Date until all of such Units have vested; provided that, except as expressly provided in Section 3 of this Agreement, in the event that the Participant ceases to be an employee of the Company and all of its subsidiaries, he or she shall forfeit any Units which have not previously vested. Subject to Section 3 of this Agreement, promptly after such vesting the Company shall issue to the Participant one (1) share of Common Stock for each vested Unit, which payment shall in all events occur not later than the fifteenth day of the third calendar month following the date on which such Units vest. The Units shall not be transferable by the Participant by means of sale, assignment, exchange, pledge, gift, operation of law or otherwise.

Section 2 Voting and Dividend Rights. Until the issuance of Common Stock to the Participant as provided in Section 1 of this Agreement, the Participant shall not be entitled to any rights as a stockholder of the Company with respect to the Common Stock issuable pursuant to the Units. However, on each date, if any, that the Company pays a dividend to the holders of its outstanding Common Stock, it shall pay to the Participant an amount equal to the dividend per share so paid times the number of vested and unvested Units which have not been paid to the Participant, pursuant to Section 1 or Section 3, as applicable, on the record date for such dividend, each of which shall be treated as a separate payment hereunder.

Section 3 Death, Disability, Change of Control. (a) On the date of the Participant’s separation from service from the Company and all members of the Company controlled group by reason of his or her death, retirement on or after age 60, or Disability, all then unvested Units shall vest and the Units shall be immediately payable to the Participant (or his or her estate) in a single sum, and in all events shall be paid to the Participant (or his or her estate) not later than the fifteenth day of the third calendar month following the Participant’s death or other such separation from service.

(b)     Subject to paragraph (c) of this Section 3, upon a Change-in-Control of the Company, all unvested Units shall immediately vest and all of the Units shall be payable to the Participant in a single sum within fifteen days thereafter.
(c)    On December 1, 2016 the Company entered into that certain Agreement and Plan of Merger (“Merger Agreement”) by and among the Company, Parker-Hannifin Corporation and Parker Eagle Corporation (collectively, “Parker”).  Notwithstanding paragraph (b) above, if the Closing (as defined in the Merger Agreement) occurs prior to the first anniversary of the Grant Date, on the date of such Closing the Units shall vest in accordance with the following schedule:

(i)If the Closing occurs on or at any time prior to the seven-month anniversary of the Grant Date, then 7/12 of the Units shall vest immediately prior to the Effective Time (as such term is defined in the Merger Agreement) and any remaining unvested Units shall be cancelled and forfeited;

(ii)If the Closing occurs after the seven-month anniversary of the Grant Date but on or prior to the eight-month anniversary of the Grant Date, then 8/12 of the Units shall vest immediately prior to the Effective Time and any remaining unvested Units shall be cancelled and forfeited;

(iii)If the Closing occurs after the eight-month anniversary of the Grant Date but on or prior 

to the nine-month anniversary of the Grant Date, then 9/12 of the Units shall vest immediately prior to the Effective Time;

(iv)If the Closing occurs after the nine-month anniversary of the Grant Date but on or prior to the ten-month anniversary of the Grant Date, then 10/12 of the Units shall vest immediately prior to the Effective Time and any remaining unvested Units shall be cancelled and forfeited;

(v)If the Closing occurs after the ten-month anniversary of the Grant Date but on or prior to the eleven-month anniversary of the Grant Date, then 11/12 of the Units shall vest immediately prior to the Effective Time and any remaining unvested Units shall be cancelled and forfeited;

(vi)If the Closing occurs any time after the eleven-month anniversary of the Grant Date, then any unvested Units shall vest immediately prior to the Effective Time.

(d)    Anything in this Agreement to the contrary notwithstanding, any payment of Units which are deemed to be deferred compensation under Section 409A of the Code and which are payable to a Participant upon the occurrence of a separation from service from the Company and all members of the Company controlled group and who is a specified employee shall be delayed and paid in a lump sum as soon as practicable (but not later than the fifteenth day of the third calendar month) after the earlier of the date that is six months after the date of such separation from service or the date of the death of the Participant after such separation from service. For purposes hereof, whether the Participant is a “specified employee” shall be determined in accordance with the default provisions of Treasury Regulation Section 1.409A- 1(i), with the “identification date” to be December 31 and the “effective date” to be the April 1 following the identification date.  Notwithstanding any provision to the contrary, for purposes of this Agreement, Disability shall have the meaning provided under Section 409A of the Code and Treasury Regulation 1.409A-3(i)(4).

Section 4 No Discretion of Taxable Year of Payment. Anything under this Agreement to the contrary notwithstanding, Participants shall have no discretion to determine the taxable year in a Units is paid hereunder in such case in which such Unit could be paid in more than one taxable year pursuant to Section 1 or Section 3, as applies.

CLARCOR INC.
By:                                                                                  
Name:   Richard M. Wolfson
Title:     General Counsel

Accepted this        day of                  , 20    .

                                                   
Participant

              15951519.2Exhibit
10.2

 

FIRST
AMENDMENT TO

ASSET
PURCHASE AGREEMENT

 

This
First Amendment to Asset Purchase Agreement (the
“First Amendment”) is made and entered into as of January 23, 2017, by and among ICTV Brands Inc., a
Nevada corporation (“Parent”), ICTV Holdings, Inc., a Nevada corporation (“Purchaser”),
PhotoMedex, Inc., a Nevada corporation (“PHMD”), Radiancy, Inc., a Delaware corporation (“Radiancy”),
PhotoTherapeutics Ltd., a private limited company limited by shares, incorporated under the laws of England and Wales (“PHMD
UK”), and Radiancy (Israel) Limited, a private corporation incorporated under the laws of the State of Israel
(“Radiancy Israel” and, together with PHMD, Radiancy, and PHMD UK, the “Sellers” and each,
a “Seller”). Parent, Purchaser and the Sellers are each sometimes referred to herein as a “Party”
and, collectively, as the “Parties.”

 

Recitals

 

A.
The Parties have entered into that certain Asset Purchase Agreement, dated October 4, 2016 (the “Purchase Agreement”).
Capitalized terms used herein without definition shall have the meanings given to them in the Purchase Agreement.

 

B.
Section 10.2 of the Purchase Agreement states that the provisions of the Purchase Agreement may be amended or modified, and any
provisions may be waived, in each case upon the approval, in writing, executed by each of the Parties. 

 

C.
As evidenced by their signature to this First Amendment, the Parties desire to amend the Purchase Agreement as set forth below.

 

Agreement

 

Now,
Therefore, in consideration of the foregoing
recitals and the mutual promises, representations, warranties, and covenants hereinafter set forth and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

 

1.
Definition of Assumed Liabilities. The definition of “Assumed Liabilities” set forth in Section 1.1 of the
Purchase Agreement is hereby amended to read as follows:

 

“Assumed
Liabilities” means (i) all obligations of the Sellers under the agreements, contracts, leases, licenses, and other arrangements
referred to in the definition of Business Assets (in each case exclusive of any liability or obligation arising thereunder as
a result of any breach, default or failure of the Sellers to perform any covenants or obligations required to be performed by
the Sellers prior to the Closing Date) either (a) to furnish goods, services, and other non-cash benefits to another party after
the Closing, or (b) to pay for goods, services, and other non-cash benefits that another party will furnish to it after the Closing
and (ii) those additional liabilities and obligations relating to or associated with the Business listed on Appendix I;
provided, however, that the Assumed Liabilities shall include no other liability of the Sellers of any kind or nature whatsoever
and shall not include any Excluded Liabilities.

 

    	 	 	 

    	 	 	 

    

 

2.
Definition of Business Assets. The definition of “Business Assets” set forth in Section 1.1 of the Purchase
Agreement is hereby amended to read as follows:

 

“Business
Assets” means all right, title, and interest in and to all of the assets of each Seller, including (i) all Inventory;
(ii) all customer and supplier lists; (iii) all current and future Intellectual Property; (iv) all products currently in development
including all related materials, supporting documentation, forecasts, and third party reports; (v) all property, plant and equipment
used in manufacturing and ongoing maintenance of the Business, including all tangible personal property and tooling used to manufacture
the Consumer Products; (vi) purchase orders, agreements, contracts, instruments, other similar arrangements and rights thereunder,
including the Contracts listed in Section 3.14(a) of the Disclosure Letter (excluding all leases and subleases), agreements
with HSN in the United States, QVC in the European Union and The Shopping Channel (TSC) in Canada with programs in place for 2017
(in each such case (HSN, QVC and TSC) to the extent consent to assignment has been obtained or is not necessary and, if not obtained,
subject to Section 2.5 hereof), and residual or other rights under purchase and sale agreements to which any Seller is
a party, including, without limitation the rights of PHMD to continue to sell certain Neova products in accordance with Section
10.5 of that certain Asset Purchase Agreement, dated August 30, 2016 among PHMD and the other parties thereto (to the extent consent
to assignment has been obtained or is not necessary and, if not obtained, subject to Section 2.5 hereof); (vii) noncompetition
agreements or provisions of Seller’s employees; (viii) claims, deposits, rebates, discounts earned, prepayments, refunds,
causes of action, chooses in action, rights of recovery, rights of set off, and rights of recoupment; (ix) franchises, approvals,
permits, licenses, orders, registrations, certificates, variances, and similar rights obtained from governments and Governmental
Entities; (x) books, records, ledgers, files, documents, correspondence, lists, catalogs, advertising and promotional materials,
studies, reports, customer lists (provided that the Sellers may retain a copy of all customer records to be used in connection
with the audit of the financial statements of the Sellers and such other matters as may arise), and other printed or written material
(but excluding the corporate minute books of the Sellers); (xi) those additional assets and properties otherwise listed on Appendix
II; and (xi) the goodwill associated therewith, held by the Sellers or held by the Foreign Subsidiaries, wherever located,
to the extent such assets or properties are primarily used in or necessary for the operation of the Business, but, in each case,
specifically excluding the Excluded Assets. For the avoidance of doubt, the business assets to be purchased by the Purchaser do
not include cash or cash equivalents nor deposits of any kind nor any customer trade receivables.

 

3.
Section 5.5(b). The first sentence of Section 5.5(b) of the Purchase Agreement is hereby amended to read as follows:

 

As
soon as reasonably practicable after the Closing Date or such later date agreed to by the Parties or permitted under the Transition
Services Agreement, but in no event later than 60 days after the Closing Date, the Parent or the Purchaser shall take, or shall
cause one of its Affiliates to take, all actions necessary to implement and establish “employee benefit plans” within
the meaning of Section 3(3) of ERISA and a 401(k) plan intended to be qualified under Section 401(a) of the Code (collectively,
“Applicable Plans”) in which the Continuing Employees shall be eligible to participate from and after the date
of establishment.

 

    	 	 	 

    	 	 	 

    

 

4.
Disclosure Letter. The Disclosure Letter delivered by the Sellers to Purchaser concurrently with the execution of the Purchase
Agreement and attached thereto is hereby amended in its entirety and replaced with the Disclosure Letter attached hereto.

 

5.
Amendment to Letter of Credit. The Parties acknowledge that on or before the Closing, the Parent and Purchaser shall deliver
an amendment to the letter of credit referred to in Section 2.2(b) of the Purchase Agreement, in form and substance satisfactory
to the Sellers, which amendment shall extend the term of the letter of credit to 100 days after the Closing.

 

6.
Effect of Amendment. Except as amended by this First Amendment, the Purchase Agreement shall remain in full force and effect.
In addition, if there are any inconsistencies between the Purchase Agreement and this First Amendment, the terms of this First
Amendment shall prevail and control for all purposes.

 

7.
Governing Law. This First Amendment shall be construed in accordance with and governed by the laws of the Commonwealth
of Pennsylvania without giving effect to the principles of conflict of laws.

 

8.
Counterparts. This First Amendment may be executed in any number of counterparts, each of which shall be an original, but
all of which together shall constitute one instrument. Facsimile and/or other electronically transmitted signatures shall be effective
for all purposes.

 

[SIGNATURE
PAGES FOLLOW]

 

    	 	 	 

    	 	 	 

    

 

In
Witness Whereof,
the parties hereto have executed this First
Amendment to Asset Purchase Agreement as of the date first written above.

 

	 	PARENT:
	 	 
	 	ICTV BRANDS INC.
	 	 
	 	By:	/s/
    Richard Ransom
	 	Name:	Richard
    Ransom
	 	Title:	President
	 	 
	 	PURCHASER:
	 	 
	 	ICTV Holdings, INC.
	 	 
	 	By:	/s/
    Richard Ransom
	 	Name:	Richard
    Ransom
	 	Title:	President
	 	 
	 	SELLERS:
	 	 
	 	PhotoMedex, Inc.
	 	 
	 	By:	/s/
    Dennis McGrath
	 	Name:	Dennis
    McGrath 
	 	Title:	President
	 	 
	 	RADIANCY, Inc.
	 	 
	 	By:	/s/
    Dennis McGrath
	 	Name:	Dennis
    McGrath
	 	Title:	President
	 	 
	 	PHOTOTHERAPEUTICS LTD.
	 	 
	 	By:	/s/
    Yoav Ben-Dror
	 	Name:	Yoav
    Ben-Dror
	 	Title:	Director
	 	 
	 	RADIANCY (ISRAEL) LIMITED
	 	 
	 	By:	/s/
    Yoav Ben-Dror
	 	Name:	Yoav
    Ben-Dror
	 	Title:
    	Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}]]