Document:

Exhibit 10.26

 

AMENDMENT NO. 3 TO

STANDARD CONSULTING AGREEMENT

 

 

This Amendment No. 3 (“Amendment”) to the Standard Consulting Agreement (“Agreement”) previously entered into between the Parties hereto is entered into to by and between AeroVironment, Inc. (“AV”), and General Charles R. Holland, USAF, Retired (“Consultant”). Except where otherwise defined herein, the capitalized terms used in this Amendment shall have the respective meanings assigned to such terms in the Agreement.  This Amendment is made with reference to the following Recitals:

 

RECITALS

 

A.         AV and Consultant are Parties to that certain Standard Consulting Agreement, dated as of November 1, 2009 (“Agreement”), which provides for Consultant to render certain specified services to AV during the term of the Agreement; and

 

B.         The Parties hereto desire to amend the Agreement on the terms set forth in this Amendment.

 

NOW, THEREFORE, the Parties hereto hereby agree to amend the Agreement as follows:

 

AGREEMENT

 

1.             Section 2. Term., is modified to extend the Term of the Agreement to January 1, 2016.

 

IN WITNESS WHEREOF, the Parties have executed this Amendment with an effective date of January 1, 2013.

 

	
 
    	
AEROVIRONMENT, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Timothy E. Conver
    	
 
    
	
 
    	
Name:
    	
Timothy   E. Conver
    	
 
    
	
 
    	
Its:
    	
Chairman,   President & Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
CONSULTANT: GENERAL CHARLES   R. HOLLAND, USAF, RETIRED
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Charles R. Holland
    	
 
    
	
 
    	
Name:
    	
Charles   R. Holland
    	
 
    
	
 
    	
Its:
    	
ConsultantExhibit 10.27

 

STANDARD CONSULTING AGREEMENT

Dated November 1, 2008

 

Consultant: General Charles R. Holland, USAF, Retired

 

 

	
TASK ORDER # FY13-001
    	
Project No. 9000.6435.0100.000
    

 

A.   Effort: General marketing support for unmanned air vehicle systems.

 

B.   Task Manager:   Tim Conver

 

C.   Target Performance Period:   January 1, 2013 through January 1, 2016

 

D.   Rates:

 

	
Authorized Days
    	
 
    	
 Rate
    	
 
    	
Total Not To Exceed Cost
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
24   days
    	
 
    	
$4,000 per day
    	
 
    	
$96,000 per year
    

 

Payments to be made on a monthly basis at the rate of $8,000 per month in advance.  Any additional days required by the Task Manager, beyond the 2 days per month anticipated by the advance payment, will be invoiced at the daily rate in arrears with expenses and approved by the Task Manager.

 

Reference shall be made to Project No. shown above on all invoicing.

 

E.   Expenses:

Maximum authorized expenses - As required and approved in advance.

 

Travel and/or miscellaneous expenses shall be reimbursed in accordance with current AV standard travel procedures; receipts shall accompany invoices of $25 or more.

 

No labor or expense costs above those amounts shown here are to be incurred without the prior written approval of the AV Task Manager.

 

	
AeroVironment, Inc.
    	
 
    	
General Charles R. Holland,
    	
 
    
	
 
    	
 
    	
USAF Retired
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
/s/   Timothy E. Conver 
    	
 
    	
/s/   Charles R. Holland 
    	
 
    
	
Signature
    	
 
    	
Signature
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Timothy   E. Conver
    	
 
    	
Charles   R. Holland 
    	
 
    
	
Name   (Print)
    	
 
    	
Name   (Print)
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
CEO
    	
 
    	
2/21/13
    	
 
    
	
Title
    	
 
    	
Date
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
2/21/13
    	
 
    	
 
    	
 
    
	
Date
    	
 
    	
 
    	
 
    

 

 

 

AEROVIRONMENT PROPRIETARY INFORMATIONExhibit 10.28

 

February 21, 2013

 

 

 

Dear Wahid:

 

The purpose of this letter is to update the relocation agreement that was provided to you upon your hire with AeroVironment.

 

AeroVironment, Inc. will reimburse you for relocation expense to a maximum of $300,000.00.  This relocation money is to be used for house hunting expenses for you and your family, expenses related to moving your household goods from Virginia to Monrovia, expenses related to selling your home in Virginia and purchasing a home in Southern California, and temporary rental expenses for a residence in Southern California.  Relocation reimbursement expenses will be subject to any applicable taxes.  You will have the option to have any money not expensed toward your $300,000.00 budget paid to you as a taxable bonus.

 

Should you voluntarily resign your position with the company before your 2nd anniversary date, you will be required to repay AeroVironment, Inc. all relocation money that has been paid to you and paid by the company for your relocation

 

Sincerely,

 

 

 

Cathleen S. Cline

Sr. Vice President of AdministrationExhibit 4.6.3

 

EXECUTION VERSION

 

ADDENDUM TO AGREEMENT

 

Each of the undersigned:

 

(i) confirms that it has received a copy of the Second Amended and Restated Series 2009-1 Note Purchase Agreement, dated as of October 25, 2012 (as further amended, supplemented, restated or otherwise modified from time to time, the “Series 2009-1 Note Purchase Agreement”; terms defined therein being used herein as therein defined), among Hertz Vehicle Financing LLC (the “Issuer”), the Conduit Investors, the Committed Note Purchasers, the Funding Agents named therein, The Hertz Corporation, as Administrator and Deutsche Bank AG, New York Branch, as Administrative Agent (in such capacity, the “Administrative Agent”) and such other agreements, documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Addendum;

 

(ii) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Series 2009-1 Note Purchaser Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto;

 

(iii) agrees to all of the provisions of the Series 2009-1 Note Purchase Agreement;

 

(iv) agrees that the related Maximum Investor Group Principal Amount is $300,000,000 (including any portion of the Maximum Investor Group Principal Amount of such Investor Group acquired pursuant to an assignment to such Investor Group as an Acquiring Investor Group) and the related Committed Note Purchaser’s Committed Note Purchaser Percentage is ten point ninety five percent (10.95%);

 

(v) designates Goldman Sachs Bank USA, as the Funding Agent for itself, and such Funding Agent hereby accepts such appointment;

 

(vi) becomes a party to the Series 2009-1 Note Purchase Agreement as a Committed Note Purchaser or Funding Agent, as the case may be, thereunder with the same effect as if the undersigned were an original signatory to the Series 2009-1 Note Purchase Agreement; and

 

(vii) each member of the Additional Investor Group hereby represents and warrants that the representations and warranties contained in Section 6.03 of the Series 2009-1 Note Purchase Agreement are true and correct with respect to the Additional Investor Group on and as of the date hereof and the Additional Investor Group shall be deemed to have made such representations and warranties contained in Section 6.03 of the Series 2009-1 Note Purchase Agreement on and as of the date hereof.  The notice address for each member of the Additional Investor Group is as follows:

 

 

GOLDMAN SACHS BANK USA, as a Funding Agent

200 West Street, New York, NY, 10282

Attention: Lawrence McMahon

Telephone: 212-902-0065

Fax: 646-769-7275

Email: Lawrence.mcmahon@gs.com

 

This Addendum shall be effective when a counterpart hereof, signed by the undersigned, HVF and the Administrative Agent has been delivered to the parties hereto.

 

This Addendum shall be governed by and construed in accordance with the laws of the State of New York.

 

 

IN WITNESS WHEREOF, the undersigned have caused this Addendum to be duly executed and delivered by its duly authorized officer or agent as of this 31st day of May, 2013.

 

	
 
    	
GOLDMAN   SACHS BANK USA, AS FUNDING 
    
	
 
    	
AGENT
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Charles D. Johnston
    
	
 
    	
 
    	
Name:
    	
Charles   D. Johnston
    
	
 
    	
 
    	
Title:
    	
Authorized   Signatory
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
GOLDMAN   SACHS BANK USA, AS
    
	
 
    	
COMMITTED NOTE PURCHASER
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Charles D. Johnston
    
	
 
    	
 
    	
Name:
    	
Charles   D. Johnston
    
	
 
    	
 
    	
Title:
    	
Authorized   Signatory
    

 

[SIGNATURE PAGE TO ADDENDUM TO AGREEMENT]

 

 

	
Acknowledged and agreed to as of the date 
    	
 
    
	
first above written:
    	
 
    
	
 
    	
 
    
	
HERTZ VEHICLE FINANCING LLC
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   Scott Massengill
    	
 
    
	
 
    	
Name:
    	
Scott   Massengill
    	
 
    
	
 
    	
Title:
    	
Vice   President and Treasurer
    	
 
    
	
 
    	
 
    
	
DEUTSCHE BANK AG, NEW YORK
    	
 
    
	
BRANCH, as Administrative Agent
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   Colin Bennett
    	
 
    
	
 
    	
Name:
    	
Colin   Bennett
    	
 
    
	
 
    	
Title:
    	
Director
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   Billy Strobel
    	
 
    
	
 
    	
Name:
    	
Billy   Strobel
    	
 
    
	
 
    	
Title:
    	
Vice   President
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
THE HERTZ CORPORATION,
    	
 
    
	
as Administrator
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   Scott Massengill
    	
 
    
	
 
    	
Name:
    	
Scott   Massengill
    	
 
    
	
 
    	
Title:
    	
Senior   Vice President and 
    	
 
    
	
 
    	
 
    	
Treasurer
    	
 
    

 

[SIGNATURE PAGE TO ADDENDUM TO AGREEMENT]

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