Document:

Third Amendment to Amended and Restated Employment Agreement

 Exhibit 10.4 
 THIRD AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS THIRD AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Amendment”) is entered into as of the 8th day of February, 2010 (the “Effective Date”), by and between Spectrum Brands, Inc. (“the
“Company”) and David R. Lumley (the “Executive”). 
 WHEREAS, the Company and the Executive entered
into that certain Amended and Restated Employment Agreement dated January 16, 2007 (together with all amendments thereto, the “Agreement”); and 
 WHEREAS, the Company currently intends that, upon the current chief executive officer of the Company no longer serving as chief executive officer for whatever reason, Mr. Lumley would be named
to serve as the new chief executive officer of the Company and the Company’s business group; and 
 WHEREAS, the
Company and the Executive wish to amend the Agreement to reflect this current intention; and 
 NOW, THEREFORE, in
consideration of the premises and mutual agreements contained herein (promises that include benefits to which the Executive would not otherwise be entitled), and for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Executive hereby agree as follows: 
  

	1.	Capitalized terms not defined herein shall have the meanings given those terms in the Agreement. 

  

	2.	Section 1 of the Agreement is amended by adding the following at the end of the existing provision: 

 “Upon the current chief executive officer of the Company no longer serving as chief executive officer for whatever
reason, the Executive shall be appointed to serve as the sole chief executive officer of the Company and the business group of which the Company is a part (collectively, the “Company Business Group CEO”). As Company Business Group CEO, the
Executive will have the authority and responsibilities customarily associated and consistent with such position. Upon assuming the position of Company Business Group CEO, the Executive and the Company will enter in good faith negotiations to enter
into a new employment agreement. The new employment agreement shall provide the Executive with new compensation and benefits (including base salary, target bonus opportunities, equity grants and severance benefits), which shall be enhanced as
compared to the corresponding aspect of the compensation and benefits currently in effect hereunder, and in no event shall the compensation and benefits provided under the new employment agreement be less favorable for the Executive than the
compensation and benefits currently in effect hereunder. After the Executive becomes the Company Business Group CEO, at a time determined in its sole discretion, the board of directors of the lead entity of the Company Business Group (the
“Board”), shall nominate the Executive to serve as a member of the Board, but not in the position of the Chairman, provided that there shall be no requirement to appoint him to the Board while the current chief executive officer is on the
Board, and further provided, that upon termination of the Executive’s employment, he shall immediately resign from any position he has a member of the Board.” 

	3.	Section 4 of the Agreement is amended by adding the following new subsection: 

 “(g) Special Termination Right. If the Executive is not appointed to serve as the sole Company Business Group CEO as provided in
Section 1, or if, the Executive is appointed to serve in such capacity and thereafter, he is removed for a reason other than Cause, the Executive’s authority or responsibilities as the sole Company Business Group CEO are diminished without
his consent, or the Executive is no longer the sole Company Business Group CEO, the Executive may terminate employment upon 30 days’ advance written notice, and unless the Executive is appointed or reinstated as the Company Business Group CEO
within such 30-day period, which shall also be treated as a withdrawal of the Employee’s notice of termination, his termination will be treated as a termination by the Company without Cause.” 
  

	4.	Section 5 of the Agreement is amended by adding the following new subsection: 

 “(c) Separation From Service. Any termination of the Executive’s employment under Section 4 of this Agreement
triggering payment of the benefits set forth in Section 5(b) (except a termination of the Executive’s employment as a result of his death under Section 4(b)) must constitute a “separation from service” under
Section 409A(a)(2)(A)(i) of the Code and Treas. Reg. §1.409A-1(h) before distribution of such benefits can commence. To the extent that the termination of the Executive’s employment does not constitute a separation from service under
Section 409A(a)(2)(A)(i) of the Code and Treas. Reg. §1.409A-1(h) (as the result of further services that are reasonably anticipated to be provided by the Executive to the Company Business Group at the time the Executive’s employment
terminates under Section 4(b), (c), (e) or (g)), any benefits payable under Section 5(b) that constitute deferred compensation under Section 409A of the Code shall be further delayed until the first business day that is more than
six months after the date of a subsequent event constituting a separation from service under Section 409A(a)(2)(A)(i) of the Code and Treas. Reg. §1.409A-1(h). For purposes of clarification, this paragraph shall not cause any forfeiture of
benefits on the Executive’s part, but shall only act as a delay until such time as a “separation from service” occurs. It is intended that each installment of the payments and benefits provided under Section 5(b) of this
Agreement shall be treated as a separate “payment” for purposes of Section 409A of the Code. Neither the Company nor the Company Business Group nor the Executive shall have the right to accelerate or defer the delivery of any such
payments or benefits except to the extent specifically permitted or required by Section 409A of the Code.” 
 5.
    Legal Fees. The Company shall pay the Executive’s actual and reasonable legal fees incurred in connection with the preparation of this Amendment. 
 6.     Except as modified by this Amendment, the Agreement remains in full force and effect, and the execution of this Amendment shall not affect the rights of the Company or the
Executive under the terms of the Agreement as in effect immediately prior to the Effective Date with respect to events occurring before the Effective Date. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written. 
  

	
	SPECTRUM BRANDS, INC
	
	/s/ Kent J. Hussey
	By: Kent J. Hussey, Chief Executive Officer

  

	
	EXECUTIVE:
	
	/s/ David R. Lumley
	Name: David R. LumleySecond Amendment to First Amended and Restated Depositary Trust Agreement

 Exhibit 4.1 
 BLACKROCK ASSET MANAGEMENT INTERNATIONAL INC., 
 as Sponsor

 And 
 THE BANK OF NEW YORK MELLON, 
 as Trustee 
  
  
 Second Amendment to 
 First Amended and Restated Depositary
Trust Agreement 
 iShares® COMEX® Gold Trust 

 
  
 Dated as of February 9, 2010 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page
		
	 SECOND AMENDMENT TO FIRST AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT ........................
	  	1
		
	 ARTICLE 1 DEFINITIONS AND RULES OF CONSTRUCTION
................................................................................................
	  	1
			
		 	 Section 1.1. Definitions
...........................................................................................................................................................
	  	1
			
		 	 Section 1.2. Rules of Construction
..........................................................................................................................................
	  	1
		
	 ARTICLE 2 AMENDMENTS TO THE DEPOSITARY TRUST AGREEMENT
.........................................................................
	  	2
			
		 	 Section 2.1. Text of the Amendments
.....................................................................................................................................
	  	2
		
	 ARTICLE 3 MISCELLANEOUS
.....................................................................................................................................................
	  	2
			
		 	 Section 3.1. Counterparts
........................................................................................................................................................
	  	2
			
		 	 Section 3.2. Third-Party Beneficiaries
....................................................................................................................................
	  	2
			
		 	 Section 3.3. Severability
.........................................................................................................................................................
	  	2
			
		 	 Section 3.5. Governing Law
...................................................................................................................................................
	  	2

  

 -i- 

 SECOND AMENDMENT TO FIRST AMENDED AND RESTATED DEPOSITARY TRUST 
 AGREEMENT 
 THIS SECOND AMENDMENT (this “Amendment”) to the First Amended and Restated Depositary Trust Agreement dated as of February 6, 2007 is entered into on February 9, 2010, by and between
BLACKROCK ASSET MANAGEMENT INTERNATIONAL INC., a Delaware corporation, in its capacity as Sponsor, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as trustee. 
 W I T N E S S E T H : 
 WHEREAS
the “iShares® COMEX® Gold Trust”, a trust created under the laws of the State of New York, is governed by the provisions of the First Amended and Restated Depositary Trust Agreement
dated as of February 6, 2007 (the “Depositary Trust Agreement”); and 
 WHEREAS the parties hereto wish to amend
the Depositary Trust Agreement as hereinafter set forth. 
 NOW, THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto hereby agree as follows: 
 ARTICLE 1 
 DEFINITIONS AND RULES OF CONSTRUCTION 
 Section 1.1. Definitions. Except as otherwise specified in this Amendment, or as the context may otherwise require, capitalized terms shall have the meaning ascribed to them in the Depositary
Trust Agreement. 
 Section 1.2. Rules of Construction. Unless the context otherwise requires: 
 (i) a term has the meaning assigned to it; 
 (ii) an accounting term not otherwise defined has the meaning assigned to it in accordance with generally accepted accounting
principles as in effect in the United States; 
 (iii) “or” is not exclusive; 
 (iv) the words “herein”, “hereof”, “hereunder” and other words of similar import refer to this
Amendment as a whole and not to any particular Article, Section or other subdivision; 
 (v)
“including” means including without limitation; and 
 (vi) words in the singular include the plural
and words in the plural include the singular. 

 ARTICLE 2 
 AMENDMENTS TO THE DEPOSITARY TRUST AGREEMENT 
 Section 2.1. Text of the Amendments. Paragraph “(a)” of Section 5.7 of the Depositary Trust Agreement is hereby amended to read in full as follows: 
 (a) Each Depositor, and each person surrendering Shares for the purpose of withdrawing Trust Property, shall pay to the Trustee a fee of $500
per transaction for the Delivery of Shares pursuant to Section 2.4 and the Surrender of Baskets of Shares pursuant to Section 2.6 or 6.2 (or such other fee as the Trustee, with the prior written consent of the Sponsor, may from time to
time announce). 
 ARTICLE 3 
 MISCELLANEOUS 
 Section 3.1. Counterparts. This Amendment may
be executed in any number of counterparts, each of which shall be deemed an original and all of such counterparts shall constitute one and the same instrument. Copies of this Amendment shall be filed with the Trustee and shall be open to inspection
by any Registered Owner during the Trustee’s business hours. 
 Section 3.2. Third-Party Beneficiaries. This
Amendment is for the exclusive benefit of the parties hereto, and shall not be deemed to give any legal or equitable right, remedy or claim whatsoever to any other person. 
 Section 3.3. Severability. In case any one or more of the provisions contained in this Amendment should be or become invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of this Amendment shall in no way be affected, prejudiced or disturbed thereby. 
 Section 3.4. Governing Law. This Amendment shall be interpreted under, and all rights and duties under this Amendment shall be
governed by, the internal substantive laws (but not the choice of law rules) of the State of New York. 
  

 - 2 - 

 IN WITNESS WHEREOF, BLACKROCK ASSET MANAGEMENT INTERNATIONAL INC. and THE BANK OF NEW YORK
MELLON have duly executed this Second Amendment to the Depositary Trust Agreement as of the day and year first set forth above. 
  

					
	 BLACKROCK ASSET MANAGEMENT
 INTERNATIONAL INC.

		
	By:	 	 /s/ GEOFFREY D. FLYNN

		 	Name:	 	Geoffrey D. Flynn
		 	Title:	 	Chief Financial Officer
		
	By:	 	 /s/ MICHAEL A. LATHAM

		 	Name:	 	Michael A. Latham
		 	Title:	 	Chief Executive Officer
	
	 THE BANK OF NEW YORK MELLON,
 as Trustee

		
	By:	 	 /s/ JOSEPH F. KEENAN

		 	Name:	 	Joseph F. Keenan
		 	Title:	 	Managing Director

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