Document:

Document

Exhibit 10.1

THIRD AMENDMENT TO
THE AMENDED AND RESTATED
BIOMARIN PHARMACEUTICAL INC.
NONQUALIFIED DEFERRED COMPENSATION PLAN (THE “PLAN”)
(as amended and restated on October 7, 2014)
Effective Date: October 4, 2022
1.Subsection 3.1(c) of the Plan is amended and restated in its entirety to read as follows:
Irrevocable Election. The Participant’s Election with respect to his or her Compensation Deferrals is irrevocable. 
2.Section 6.3(e) of the Plan is amended to add the following sentence at the end thereof:
Each Participant who commences participation in the Plan after October 4, 2022 shall be deemed to be a “specified employee” for purposes of the Plan.
3.The modifications set forth above shall not affect any other provisions of the Plan.
Page 1 of 1Document

Exhibit 10.2

BioMarin Pharmaceutical Inc.
Summary of Independent Director Compensation
Effective as of October 5, 2022, the Board of Directors (the “Board”) of BioMarin Pharmaceutical Inc. (the “Company”) approved revised compensation for the independent directors of the Company, with the only change being an increase in the Corporate Governance and Nominating Committee Member annual cash compensation from $8,750 to $10,000. All other independent director compensation elements below remain unchanged from the Summary of Independent Director Compensation previously filed with the SEC on November 4, 2019 as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q. All independent directors are entitled to receive a combination of annual cash retainers and restricted stock unit (“RSU”) grants as summarized below as compensation for their service on the Company’s Board and Board committees. 
Cash Compensation
The following table is a summary of the annual cash compensation payable to independent directors. Each applicable line item is an additional element of compensation.
															
	
					
	Director Position	Annual Cash 
Compensation	
	All Independent Directors		$	65,000 		
	Additional Elements of Compensation:				
	Independent Chair of the Board (if applicable)		$	65,000 		
	Lead Independent Director (if applicable)		$	65,000 		
	Audit Committee Member		$	13,500 		
	Audit Committee Chair (premium in addition to committee membership retainer)		$	13,000 		
	Compensation Committee Member		$	10,000 		
	Compensation Committee Chair (premium in addition to committee membership retainer)		$	10,000 		
	Corporate Governance and Nominating Committee Member		$	8,750 		
	Corporate Governance and Nominating Committee Chair (premium in addition to committee membership retainer)		$	10,000 		
	Science and Technology Committee Member		$	10,000 		
	Science and Technology Committee Chair (premium in addition to committee membership retainer)		$	10,000 		

Equity Compensation
Annual Award
On the date of our annual meeting of stockholders for a given year, each reelected director receives an RSU grant valued at $400,000, based on the Black-Scholes model valuation using a three-month trailing average closing price of our common stock. The shares of common stock subject to the Annual Award vest in full on the one-year anniversary of the grant date, subject to each respective director providing service to the Company through such vesting date. 
New Independent Directors 
Upon election or appointment, a new independent director will receive an RSU grant on the same terms as the Annual Award, pro-rated for amount and vesting to the nearest quarter for the time such new director will serve prior to the Company’s next Annual Meeting of Stockholders.EX-10.1

   

  Exhibit 10.1

  AMENDMENT TO THE
EQUITY RESIDENTIAL
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

  Premises

  a.	Equity Residential (the “Company”) maintains the Equity Residential Supplemental Executive Retirement Plan (the “Plan”).

  b.	Section 10 of the Plan provides that the Company may amend the Plan at any time.

   

  c.	The Company wishes to amend the Plan to simplify the structure for payment to beneficiaries when a Participant dies without a valid beneficiary designation.  

   

  Amendment

  NOW, THEREFORE, the Company hereby amends the Plan as follows:

  Effective immediately upon execution of this amendment, Section 7.3(b) shall be amended in its entirety to read as follows:

  (b)	A Participant may designate a beneficiary by notifying the Plan Administrator in writing, at any time before Participant's death, on a form prescribed by the Plan Administrator for that purpose.  A Participant may revoke any beneficiary designation or designate a new beneficiary at any time without the consent of a beneficiary or any other person.  If no beneficiary is designated or no designated beneficiary survives the Participant, payment shall be made to the Participant's surviving spouse, or, if no spouse survives the Participant, payment shall be made in a single payment to the Participant's estate.

  	Dated this _1st_ day of _October_, 2022.

   

  /s/ Catherine M. Carraway

  Catherine Carraway

  Executive Vice President & CHRO

   

   

  QB\62860023.1Exhibit 4.1

 
	
	SEE REVERSE FOR IMPORTANT NOTICE REGARDING OWNERSHIP ANDTRANSFER RESTRICTIONS AND CERTAIN OTHER INFORMATION
CUSIP 13000T 10 9SEE REVERSE FOR CERTAIN DEFINITIONS
INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARECOMMON STOCK
CHIEF EXECUTIVE OFFICER
CHIEF FINANCIAL OFFICER
0000001
SPECIMENFULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK $0.0001 PAR VALUE, OF CALIBERCOS INC.transferable on the books of the Company in Person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby, are issued and shall be held subject to all of the provisions of the Certificate of Incorporation, as it may be amended, and the Bylaws, as they may be amended, of the Company (copies of which are on file with the Company and with the Transfer Agent), to all of which each holder, by acceptance hereof, assents. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar.WITNESS the facsimile seal of the Company and the facsimile signatures of its duly authorized officers.

     

     

    	
	Continental StockTransfer    Continental Stock TTransfer   Continental StockTStock Transfer   Continental StockTContinental StockTransfer   Continental StockTTransfer   Continental StockTStock Transfer   Continental StockTContinental StockTTransfer   Continental StockTStock Transfer   Continental StockTContinental StockTTransfer   Continental StockTStock TContinental StockTTransfer   Continental StockTStock TContinental StockTTStock TTStock TTStock TTransfer   Transfer   Transfer   Continental Transfer   Transfer   Continental Transfer   Transfer   Continental Stock Transfer   Continental ransfer   Continental StockTransfer   Transfer   Continental Stock Transfer   Continental Transfer   Continental StockTransfer   Transfer  Continental Stock ransfer   Continental StockTransfer   Continental Transfer   Continental StockTransfer   Transfer   Continental Stock Transfer   Continental StockTransfer   Continental Transfer   Continental StockTransferExhibit 10.1

		

			Exhibit 10.1

		

		
			THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
		

		
			THIS THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT (the “Third Amendment”) is dated as of October 30, 2022 (the “Effective Date”), by and among KOSS CORPORATION, a Delaware Corporation (“Borrower”) and TOWN BANK, N.A. (also known as Town Bank, “Bank”; Borrower and Bank are collectively referred to herein as the “Parties”) and amends a “Revolving Credit Agreement” dated as of May 14, 2019, as amended by a First Amendment to Revolving Credit Agreement dated as of January 28, 2021, and as amended by a Second Amendment to Revolving Credit Agreement dated as of February 4, 2022  (collectively, the “Credit Agreement”).
		

		
			RECITALS
		

		
			A.     Borrower has requested and Bank has agreed, subject to the terms of this Third Amendment, to extend the Maturity Date of the Revolving Credit Note.
		

		
			B.     Capitalized terms that are not otherwise defined herein shall take on the meaning given to such terms in the Credit Agreement.
		

		
			NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and in consideration of the mutual agreements contained herein, the Parties agree as follows:
		

		
			AMENDMENT
		

		
			ARTICLE I.     AMENDMENT TO CREDIT AGREEMENT
		

		
			1.     Amendment to Subsection 7.1(i) of the Credit Agreement. Subsection 7.1(i) of the Credit Agreement is hereby amended and restated in its entirety as follows:
		

		
			(i)     “Maturity Date” means October 31, 2024.
		

		
			ARTICLE II.         CONDITIONS
		

		
			This Third Amendment shall be effective upon the satisfaction of the following conditions:
		

		
			1.     Amendment. Bank shall have received a fully-executed, original version of this Third Amendment.
		

		
			2.     Payment of Lender’s Fee and Costs. Bank shall have received payment in immediately available funds, of all fees and costs of Bank, including, without limitation, all attorneys’ fees and expenses incurred or paid by Bank in connection with the preparation of this Third Amendment and all ancillary documents related hereto.
		

		
			ARTICLE III.         MISCELLANEOUS
		

		
			1.     Recitals. The RECITALS set forth above are true, accurate and incorporated into the body of this Third Amendment by reference.
		

		
			2.     Counterparts; Signatures. This Third Amendment may be executed in several counterparts, each of which shall be deemed an original, but such counterparts shall together constitute but one and the same agreement. This Third Amendment may be executed in facsimile or electronic copy with the same binding effect as the original, but any party may request a paper original for its files and the other parties hereto shall be obligated to accommodate such a request.
		

		
			3.     Representation and Warranty. Borrower represents and warrants to Bank that the execution and delivery of this Third Amendment is within its corporate power, has been duly authorized by proper organizational 
		

		 

 

		action on the part of Borrower, is not in violation of any existing law, rule or regulation of any governmental agency or authority, any order or decision of any court, the Articles of Incorporation or Bylaws of Borrower or the terms of any agreement, restriction or under-taking to which Borrower is a party or by which it is bound, and does not require any approval or consent of the board of directors or shareholders of Borrower, any governmental body, agency or authority or any other person or entity that have not already been obtained by Borrower.
		

		
			4.     Entire Agreement; Applicable Law. The Credit Agreement, as amended by this Third Amendment is the entire agreement between the Parties with respect to the matters contained therein, the other Loan Documents, and herein, and this Third Amendment supersedes any prior discussions with respect to such an amendment. This Third Amendment shall be governed by and construed in accordance with the internal laws of the State of Wisconsin without application of conflicts of laws.
		

		
			5.     Headings. Paragraph headings used in this First Amendment are for convenience only and shall not affect the construction of this First Amendment.
		

		

		

		 

		

			2

		

		

			 

		

 

		
		

		
			IN WITNESS WHEREOF, the Parties have executed this Third Amendment as of the Effective Date.
		

		
			﻿
		

		
			TOWN BANK, N.A.
		

		
			By: /s/ Casey Wendt
		

		
			Casey C. Wendt, Senior Vice President
		

		
			﻿
		

		
			﻿
		

		
			KOSS CORPORATION, a Delaware corporation
		

		
			By: /s/ Kim M. Schulte
		

		
			Kim M. Schulte, CFO and Secretary
		

		
			﻿
		

		 

		

			3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}]]