Document:

Exhibit 10.1

 

AMENDMENT TO RETIREMENT AGREEMENT AND RELEASE

 

This AMENDMENT TO RETIREMENT
AGREEMENT AND RELEASE (“Amendment”) by and between Flexsteel Industries, Inc. (the “Company”)
and Karel Czanderna (“Executive”) is effective as of the date set forth below.

 

RECITALS

 

A.           Executive
and the Company are parties to a Retirement Agreement and Release executed on September 21, 2018 (the “Retirement Agreement”).
All capitalized terms used and not otherwise defined in this Amendment shall have the meanings assigned to them in the Retirement
Agreement.

 

B.           Executive
and the Company desire to clarify through this Amendment certain issues related to options to purchase the Company’s stock
that were granted to Executive by the Company before the Retirement Date.

 

AGREEMENT

 

In consideration of the above
recitals, which are hereby incorporated, and the promises set forth in this Amendment, the parties agree as follows:

 

1.            Amendment
to Retirement Agreement. Executive and the Company agree to amend the Retirement Agreement to clarify that no provision
of the Retirement Agreement waived Executive’s right to exercise any and all options to purchase shares of the Company’s
stock that were granted to Executive by the Company, and that remain outstanding on the Retirement Date (such options, herein,
the “Options”). Further, notwithstanding any other provision of the Retirement Agreement or any other agreement
related to the Options, Executive and the Company agree that Executive shall have until the date that is three (3) years after
the Retirement Date to exercise the Options, and that after the date that is three (3) years after the Retirement Date, Executive
shall have no right to exercise the Options.

 

2.            Retirement
Agreement Not Otherwise Modified; Miscellaneous. This Amendment does not change or modify the Retirement Agreement or
any other agreement between Executive and the Company except as set forth in Section 1 above. All other terms of the Retirement
Agreement are unmodified and apply to this Amendment as well as the Retirement Agreement. No representations as to tax consequences
of this Agreement have been made to Executive by the Company or any of its representatives. The Company has not made any representations
or oral or written statements on which Executive has relied in executing this Amendment. 

 

     

     

    

 

This Amendment is effective
on the 25th day of October 2018.

 

	 	/s/ Karel
    Czanderna               
	 	Karel Czanderna
	 	 
	 	Flexsteel Industries, Inc.
	 	 
	 	/s/ Eric Rangen
	 	 
	 	By  	Eric Rangen
	 	 	 
	 	Its 	Chair, Board of DirectorsExhibit 10.1

 

Voting Agreement

Each of the undersigned, being a director of Salin Bancshares, Inc. (“SBI”), having voted for the approval and adoption by SBI of that certain Agreement and Plan of Merger (“Agreement and Plan of Merger”) among SBI and Horizon Bancorp, Inc. (“Horizon”), whereby Horizon will acquire all of the outstanding capital stock of SBI in exchange for shares of Horizon common stock, no par value per share (the “Holding Company Merger”), in consideration of the benefits to be derived from the consummation of such merger and in consideration of the mutual agreements made in the Agreement and Plan of Merger and herein, and in order to induce Horizon to execute and deliver the Agreement and Plan of Merger to SBI and to proceed with the consummation of the Holding Company Merger and to incur the expenses required in connection therewith, hereby irrevocably covenants and agrees with one another and with each of the parties to such Agreement and Plan of Merger that until such time as the Holding Company Merger has been consummated, or the Agreement and Plan of Merger has been duly terminated in accordance with the provisions thereof, the undersigned:

	
(a)

	
will support the consummation of the Holding Company Merger and the merger of Salin Bank and Trust Company, an Indiana state chartered bank and wholly-owned subsidiary of SBI (“SBTC”) with and into Horizon Bank, and subject to fiduciary duties and Section 5.06 of the Agreement and Plan of Merger, will recommend the Holding Company Merger for approval and adoption by the shareholders of SBI;

	
(b)

	
will vote or direct the vote of all shares of common stock of SBI (“SBI Common Stock”) now or hereafter beneficially owned or controlled by him or her, whether individually or in any fiduciary capacity, in person or by proxy, at any meeting of the shareholders of SBI or adjournments thereof, in favor of the approval and adoption of the Agreement and Plan of Merger and the Holding Company Merger (subject to any fiduciary duties of such individual);

	
(c)

	
will cooperate with Horizon to pursue consummation of the transactions contemplated by the Agreement and Plan of Merger and otherwise support the Holding Company Merger and the merger of SBTC with and into Horizon Bank to the best of their ability, refraining from disclosing non-public information, making disparaging comments regarding the parties to the transactions or the proposed transactions, or taking any other action in opposition to the transactions; and

	
(d)

	
will not transfer any shares of SBI Common Stock, or any right or option with respect thereto or any interest therein, without first obtaining from the transferee thereof and furnishing to Horizon a written agreement of such transferee substantially to the effect of the agreements herein made and in form and substance acceptable to Horizon.

The undersigned represents and warrants that he or she (except to the extent indicated below) is the sole record and/or beneficial owner of, or the fiduciary with rights to vote and dispose of, the number of shares of SBI Common Stock indicated beside his or her signature below. Each undersigned further represents and warrants that the undersigned’s obligations under this Voting Agreement are entered into freely and are not dependent on the participation of any or all of the other directors.

This Voting Agreement shall be effective from the date hereof and shall terminate and be of no further force and effect upon the earlier of (a) the consummation of the Holding Company

Merger; (b) the termination of the Agreement and Plan of Merger in accordance with its terms; or (c) the taking of such action whereby a majority of SBI’s Board of Directors, in accordance with the terms and conditions of Section 5.06 of the Agreement and Plan of Merger, withdraws its favorable recommendation of the Agreement and Plan of Merger to the shareholders of SBI.

This Voting Agreement may be executed in one or more counterparts and delivered by facsimile, pdf, or other means of electronic communication, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement. This Voting Agreement shall be governed by and construed in accordance with the laws of the State of Indiana and applicable federal laws, without regard to principles of conflicts of law. The parties agree that irreparable damage would occur in the event that any of the provisions of this Voting Agreement was not performed in accordance with its specific terms on a timely basis or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or other equitable relief to prevent breaches of this Voting Agreement and to enforce specifically the terms and provisions of this Voting Agreement, this being in addition to any other remedy to which they are entitled at law or in equity. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY, IN ANY MATTERS (WHETHER SOUNDING IN TORT, CONTRACT, OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS VOTING AGREEMENT.

 

[Remainder of Page Intentionally Left Blank.]

Executed and Delivered as of October 29, 2018.

	/s/ William N. Salin	 	
(0 shares)

	
William N. Salin

 

	 	 
	/s/ M. Jane Salin	 	
(204 shares)

	
M. Jane Salin, acting individually and in her capacity as Trustee of the Subtrusts created under the William Nathan Salin Family Irrevocable Trust #1

 

	 	 
	/s/ William N. Salin, II	 	
(23.5152 shares)

	
William N. Salin, II, acting individually and in his capacity as Trustee u/a Margaret Jane Salin Irrevocable Grandchildren’s Trust No. 1 dated December 11, 2012 and as Trustee u/a William N. Salin, II, Irrevocable Children’s Trust dated December 11, 2012

 

	 	 
	/s/ Sherri S. Fritsch	 	
(23.5152 shares)

	
Sherri S. Fritsch, acting individually and in her capacity as Trustee u/a Margaret Jane Salin Irrevocable Grandchildren’s Trust No. 2 dated December 11, 2012 and as Trustee u/a Sherri Fritsch Irrevocable Children’s Trust dated December 11, 2012

 

	 	 
	/s/ Susan S. McClain	 	
(23.5152 shares)

	
Susan S. McClain, acting individually and in her capacity as Trustee u/a Margaret Jane Salin Irrevocable Grandchildren’s Trust No. 3 dated December 11, 2012 and as Trustee u/a Susan McClain Irrevocable Children’s Trust dated December 11, 2012Exhibit 10.1

 

	

                                                                Offer Letter for Henry Park
	
        355 South Grand Ave, 1650

        Los Angeles, CA 90013      

 

October 24, 2018

 

Henry Park

2906 Gertrude Avenue La Crescenta, CA 91214

 

Dear Henry:

 

Hyrecar Inc, a Delaware corporation (the
“Company”), is pleased to offer you employment as a Chief Operating Officer reporting to the Company’s
Chief Executive Officer. This is an offer of at will employment and is subject to the terms and conditions set forth in this letter
agreement (this “Letter Agreement”) and maybe terminated by the Company at any time, for any reason, with or
without cause.

 

1. Position.
Your title will be Chief Operating Officer. This is a full-time position. By signing this
Letter Agreement, you confirm to the Company that you currently have no such External Activities and that you have no contractual
commitments or other legal obligations that would prohibit you from performing or would materially limit your capability to perform
your duties for the Company.

 

2. Cash
Compensation. The Company will pay you a base salary at the annual rate of $175,000,
payable in accordance with the Company’s standard payroll schedule.

 

3. Employee
Benefits. As a regular employee of the Company, you will be eligible to participate in
Company-sponsored benefits, as in effect from time to time. In addition, you will be entitled to paid vacation in accordance with
the Company’s vacation policy, as in effect from time to time.

 

4. Stock
Option Grant. Subject to the approval of the Board, you will be granted an option (the
“Option”) to purchase up to 140,000 shares of the Company’s common stock, par value $0.00001 per share (the “Shares”)
at an exercise price equal to the closing price of the common stock on the date of grant, under the Company’s 2018 Equity
Incentive Plan (the “Plan”). The Option will be subject to the terms and conditions of the Plan, as set forth in the
Plan and the applicable Stock Option Grant Notice and Stock Option Agreement. Subject to the terms of forfeiture, termination and
acceleration provided for in the Plan, each such Option shall vest as follows: (i) 25% of the Shares shall vest on the first anniversary
of the Vesting Commencement Date (see above) and (ii) the remaining 75% of the shares subject to each Option shall vest and become
exercisable in 12 successive equal quarterly installments.

 

5. Nondisclosure
of Confidential Information. You shall not, without the prior written consent of the
Board, use, divulge, disclose or make accessible to any other person, any Confidential Information pertaining to the business
or affairs of the Company, except (i) while employed by the Company, in the business of and for the benefit of the Company, or
(ii) when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over
the business of the Company, or by any administrative body or legislative body with jurisdiction to order you to divulge, disclose
or make accessible such information.

 

For purposes hereof, “Confidential
Information” shall mean non-public information concerning financial data, strategic business plans, sales or marketing plans,
or other proprietary marketing data, proprietary information, contracts or agreements with customers, vendors or consultants, and
all other non-public, proprietary and confidential information of the Company that in any case is not otherwise available to the
public (other than by your breach of the terms hereof).

 

     

     

    

 

	

                                                                Offer Letter for Henry Park
	
        355 South Grand Ave, 1650

        Los Angeles, CA 90013      

 

6.
Restrictive Covenants.

 

6.1 Non-Solicitation.
In consideration of your employment with the Company, participation in any stock, bonus or other incentive compensation plans of
the Company, which you acknowledge is of direct benefit to you, you hereby covenant that, during the period commencing on the date
hereof and ending on the two (2) year anniversary of your termination (the “Restricted Period”), you and your
Affiliates (as defined herein) shall not directly or indirectly, through any other person:

 

(i) (a) employ,
solicit or induce any individual who is, or was at any time during the one (1) year period prior to your termination, an employee
or consultant of the Company, (b) cause such individual to terminate or refrain from renewing or extending his or her employment
by or consulting relationship with the Company, or (3) cause such individual to become employed by or enter into a consulting relationship
with the Company and its Affiliates or any other individual, person or entity; or

 

(ii) solicit,
persuade or induce any Customer to terminate, reduce or refrain from renewing or extending its contractual or other relationship
with the Company in regard to the purchase of products or services, performed, manufactured, marketed or sold by the Company or
any other person in regard to the purchase of products or services similar or identical to those performed, manufactured, marketed
or sold, by the Company. For purposes hereof, “Customer” means any individual, person or entity which is a customer
of the Company or which was a customer of the Company within one (1) year prior to the termination of employment hereunder.

 

(iii) whether
as owner, consultant, executive, partner, member, manager, officer, director, venturer, agent, through stock ownership, investment
of capital, lending of money or property, rendering of services, or otherwise, engage or assist others to engage in the business
of ride sharing in the Territory; provided, that you may own up to three (3%) percent of the outstanding shares of a company engaged
in such business if such shares are listed on national securities exchange.

 

6.2 Non-Disparagement.
You agree that neither you nor any of your Affiliates shall (i) in any way publicly disparage the Company, its equity holders,
officers, directors, employees, agents or Affiliates, (ii) cause embarrassment or public humiliation to such persons or (iii) make
any public statement that is adverse, inimical or otherwise detrimental to the interests of any such persons or the Company’s
business at any time, including without limitation, during periods after the termination of this Agreement.

    2

     

    

 

	

                                                                Offer Letter for Henry Park
	
        355 South Grand Ave, 1650

        Los Angeles, CA 90013      

 

6.3 Certain
Definitions. The following terms shall have the following meanings when used in this Agreement:

 

(i) “Affiliate”
means, as to any person, a person that directly or indirectly through one or more intermediaries, controls or is controlled by,
or is under common control with, the person specified. With respect to any natural person, the term Affiliate shall also include
any member of said person’s immediate family, any family limited partnership or similar entity for said person and any trust,
voting or otherwise, of which said person is a trustee or of which said person or any of said person’s immediate family is
a beneficiary. With respect to any trust, the term Affiliate shall also include any beneficiary or trustee of such trust. For purposes
of the foregoing, the term “control” and variations thereof means the possession of the power to direct or cause the
direction of the management or policies of a person, whether through the ownership of voting securities, by contract or otherwise.

 

(ii) “Territory” means
the United States.

 

7.
Tax Matters.

 

7.1 Withholding.
All forms of compensation referred to in this Letter Agreement are subject to reduction to reflect applicable withholding and payroll
taxes and other deductions required by law.

 

7.2 Tax
Advice. You are encouraged to obtain your own tax advice regarding your compensation from the Company. You agree that the Company
does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make
any claim against the Company or its Board related to tax liabilities arising from your compensation.

 

8. Interpretation,
Amendment and Enforcement. This Letter Agreement supersedes and replaces any prior agreements,
representations or understandings (whether written, oral, implied or otherwise) between you and the Company and constitutes the
entire agreement between you and the Company regarding the subject matter set forth herein. This Letter Agreement may not be amended
or modified, except by an express written agreement signed by both you and a duly authorized officer of the Company. The terms
of this Letter Agreement and the resolution of any disputes as to the meaning, effect, performance or validity of this Letter Agreement
or arising out of, related to, or in any way connected with, this Letter Agreement, your employment with the Company or any other
relationship between you and the Company (the “Disputes”) will be governed by California law, excluding laws
relating to conflicts or choice of law. You and the Company submit to the exclusive personal jurisdiction of the federal and state
courts located in Los Angeles County, California, in connection with any Dispute or any claim related to any Dispute. You acknowledge
and agree that if any term or provision of this Agreement is deemed invalid or unenforceable by a court of competent jurisdiction,
the remainder of this Agreement shall continue in full force and effect.

 

Please contact me if you have any questions
or concerns.

 

    3

     

    

 

	

                                                                Offer Letter for Henry Park
	
        355 South Grand Ave, 1650

        Los Angeles, CA 90013      

 

Sincerely,

 

	HYRECAR INC	 
	 	 
	/s/ Joe Furnari	 
	Joe Furnari, Chief Executive Officer	 

 

I have read and understood, and herby accept this employment
offer:

 

	/s/ Henry Park	 
	Name: Henry Park	 
	 	 
	October 24, 2018	 
	Date

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