Document:

Exhibit 10.1

 

INFORMATION SERVICES GROUP, INC.

 

Amendment No. 3 to the

Employment Agreement for Michael P. Connors

 

This Amendment No. 3 (this “Amendment”)
to the Employment Agreement by and between Information Services Group, Inc., a Delaware corporation (the “Company”),
and Michael P. Connors (“Executive”) is effective as of December 30, 2020. Capitalized terms used but not
defined herein shall have the meaning set forth in the Employment Agreement (as defined below).

 

W I T N E S S E T H

 

WHEREAS, Executive and the Company previously
entered into that certain Employment Agreement, dated as of December 16, 2011 (as amended, the “Employment Agreement”);

 

WHEREAS, Executive and the Company previously
entered into that certain Amendment No. 1, dated December 10, 2013 (the “First Extension”);

 

WHEREAS, Executive and the Company previously
entered into that certain Amendment No. 2, dated December 16, 2016 (the “Second Extension”);

 

WHEREAS, the Company and Executive desire
to extend the Term of the Employment Agreement until December 31, 2025 (the “Third Extension”); and

 

WHEREAS, in consideration for the Third
Extension, the Compensation Committee of the Board of Directors of the Company will (i) grant to Executive on January 4,
2021 $350,000 face value of restricted stock units, which will vest if the Company’s Adjusted EBITDA (as reported in the
Company’s periodic filings with the Securities and Exchange Commission) for 2021, 2022 or 2023 is at least 50% greater than
the Adjusted EBITDA for 2020 (provided that this grant will expire unvested if such performance threshold is not satisfied
by December 31, 2023) (such grant, the “Performance Grant”); and (ii) pay a cash payment of $500,000
if the Company’s stock price increases by at least 10% at any time as compared to closing price for the Company’s stock
on December 31, 2020 with such 10% performance threshold being measured based on the average closing share price for ten consecutive
trading days (provided that (A) if this performance threshold is satisfied during 2021, such cash payment would be
made on December 31, 2021, (B) if this performance threshold is satisfied during 2022 or 2023, such cash payment would
be made in the following month after such threshold is satisfied and (C) if this performance threshold is not satisfied by
December 31, 2023, no cash payment shall be made) (such contingent payment, the “Contingent Bonus”).

 

NOW, THEREFORE, in consideration of the
foregoing, the mutual covenants contained herein, and other good and valuable consideration the receipt and adequacy of which the
Company and Executive each hereby acknowledge, the Company and Executive hereby agree as follows:

 

		1.	Amendment.

 

The date “December 31, 2021”
in Section 2 of the Employment Agreement is hereby deleted and replaced with “December 31, 2025.”

 

		2.	Consideration.

 

The Company shall cause the Performance
Grant to be issued on January 4, 2021 with the performance vesting set forth therein, and the Company shall make pay the Contingent
Bonus if the performance threshold described herein is satisfied.

 

     

     

    

 

		3.	Miscellaneous.

 

(a)          Effect
of Amendment. As expressly modified by this Amendment, all of the terms, covenants, agreements, conditions and other provisions
of the Employment Agreement shall remain in full force and effect in accordance with their respective terms.

 

(b)          Governing
Law. THE VALIDITY, INTERPRETATION, CONSTRUCTION AND PERFORMANCE OF THIS AMENDMENT SHALL BE GOVERNED BY THE LAWS OF THE
STATE OF CONNECTICUT WITHOUT REGARD TO ITS CONFLICTS OF LAW PRINCIPLES.

 

(c)          Counterparts.
This Amendment may be executed in counterparts, each of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

 

(d)          Due
Authority and Execution. The execution, delivery and performance of this Amendment have been duly authorized by the Company
and this Amendment represents the valid, legal and binding obligation of the Company, enforceable against the Company according
to its terms.

 

[Signature Page Follows]

 

    	 	2	 

     

    

 

IN WITNESS WHEREOF, the Company and Executive
have duly executed and delivered this Amendment as the date first written above.

 

	 	INFORMATION SERVICES GROUP, INC.:
	 	 
	 	 
	 	By:	 /s/ Thomas S. Kucinski 
	 	Name: Thomas S. Kucinski
	 	Title: Executive Vice President and Chief Human Resources Officer

 

	 	EXECUTIVE:
	 	 
	 	 
	 	/s/ Michael P. Connors
	 	Name: Michael P. Connors
	 	Title: Chairman and Chief Executive Officer

 

    	 	3EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

TERMINATION AGREEMENT 

THIS TERMINATION AGREEMENT (this “Agreement”) is made as of December 30, 2020, by and between Coca-Cola
Consolidated, Inc., a Delaware corporation (“CCCI”), and CCBCC Operations, LLC, a Delaware limited liability company (“CCBCC Operations”). 

WHEREAS, CCCI and CCBCC Operations, as the successor in interest to Piedmont Coca-Cola Bottling Partnership
(“Piedmont”), are parties to that certain First Amended and Restated Revolving Credit Loan Agreement dated October 7, 2020 (“Revolving Loan Agreement”), and CCCI is the Borrower under that certain Demand
Short-Term Promissory Note dated October 7, 2020 (“Demand Note”) issued pursuant to the Revolving Loan Agreement in favor of CCBCC Operations, as the successor in interest to Piedmont, as Lender; and 

WHEREAS, all rights of CCBCC Operations under the Demand Note have been transferred to CCCI as of the date hereof, and the Demand Note
has been extinguished; and 
 WHEREAS, CCCI, as lender, and CCBCC Operations, as the successor in interest to Piedmont, as borrower,
are parties to that certain Fifth Amended and Restated Promissory Note dated September 18, 2017 (“2017 Promissory Note”); and 

WHEREAS, currently no amounts are outstanding under the 2017 Promissory Note; and 

WHEREAS, CCCI and CCBCC Operations desire to terminate the Revolving Loan Agreement and the 2017 Promissory Note effective as of the
date hereof. 
 NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, CCCI and CCBCC Operations hereby agree as follows: 

1.    Termination. Effective as of the date hereof (a) the Revolving Loan Agreement and the 2017 Promissory
Note are hereby terminated, (b) neither party shall have any further rights or obligations thereunder, and (c) the Revolving Loan Agreement and the 2017 Promissory Note shall have no further force or effect. 

2.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
North Carolina without giving effect to the principles of conflicts of laws thereof. 
 3.    Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by
facsimile or other means of electronic transmission shall be as effective as delivery of a manually executed counterpart of this Agreement. 

[Remainder of page intentionally left blank.] 

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

					
	CCCI:
		
	          	 	Coca-Cola Consolidated, Inc.
			
		 	By:	 	 /s/ Lawrence K. Workman, Jr.

		 	Name:	 	Lawrence K. Workman, Jr.
		 	Title:	 	Vice President, Business Development and
		 		 	Corporate Counsel
	
	CCBCC Operations:
		
		 	CCBCC Operations, LLC
			
		 	By:	 	 /s/ Lawrence K. Workman, Jr.

		 	Name:	 	Lawrence K. Workman, Jr.
		 	Title:	 	Vice President

 Signature Page to Termination AgreementExhibit 10.1

 

AMENDMENT NO. 1 TO COMMON STOCK SALES
AGREEMENT

 

December
31, 2020

 

H.C. Wainwright & Co., LLC

430 Park Avenue

New York, New York 10022

 

Ladies and Gentlemen:

 

Trevena, Inc. (the “Company”)
and H.C. Wainwright & Co., LLC (“HCW”) are parties to that certain Common Stock Sales Agreement dated April
17, 2019 (the “Original Agreement”). All capitalized terms not defined herein shall have the meanings ascribed
to them in the Original Agreement. The parties, intending to be legally bound, hereby amend the Original Agreement as follows:

 

1.               
Reference to the “Registration Statement” in the Original Agreement shall refer to the registration statement
on Form S-3 (File No. 333-251006), originally filed with the Securities and Exchange Commission on November 27, 2020 and declared
effective by the Securities and Exchange Commission on December 4, 2020.

 

2.               
All references to “The Nasdaq Global Select Market” set forth in Section 3(a) of the Original Agreement are
revised to read “The Nasdaq Capital Market”.

 

3.               
All references to “Cooley LLP” set forth in Section 7(n) and Section 9(e) of the Original Agreement are revised
to read “Troutman Pepper Hamilton Sanders LLP”.

 

4.               
All references to “Pepper Hamilton LLP” set forth in Section 7(n) and Section 9(f) of the Original Agreement
are revised to read “Troutman Pepper Hamilton Sanders LLP”.

 

5.               
Section 13 of the Original Agreement is hereby deleted in its entirety and replaced as follows:

 

Notices.
All notices or other communications required or permitted to be given by any party to any other party pursuant to the terms
of this Agreement shall be in writing, unless otherwise specified in this Agreement, and if sent to HCW, shall be delivered
to HCW at H.C. Wainwright & Co., LLC, 430 Park Avenue, New York, NY 10022, email:  atm@hcwco.com, 
Attention:  Head of Investment Banking, with a copy to Duane Morris LLP, 1540 Broadway, New York, NY 10036, attention:
Dean M. Colucci, e-mail: dmcolucci@duanemorris.com; or if sent to the Company, shall be delivered to the address of the
Company set forth in the Prospectus, Attention: Chief Legal and Compliance Officer and Senior Vice President of Regulatory
Affairs and Corporate Secretary with a copy to Troutman Pepper Hamilton Sanders LLP, 3000 Two Logan Square, Philadelphia, PA
19103, attention: Brian M. Katz, email: brian.katz@troutman.com. Each party to this Agreement may change such address for
notices by sending to the parties to this Agreement written notice of a new address for such purpose. Each such notice or
other communication shall be deemed given (i) when delivered personally or by verifiable facsimile transmission (with an
original to follow) on or before 4:30 p.m., New York City time, on a Business Day (as defined below), or, if such day is not
a Business Day on the next succeeding Business Day, (ii) on the next Business Day after timely delivery to a
nationally-recognized overnight courier, (iii) on the Business Day actually received if deposited in the U.S. mail
(certified or registered mail, return receipt requested, postage prepaid), and (iv) if sent by e-mail, on the Business
Day on which receipt is confirmed by the individual to whom the notice is sent, other than via auto-reply. For purposes of
this Agreement, “Business Day” shall mean any day on which the Nasdaq and commercial banks in the
City of New York are open for business.

 

     

     

    

  

An electronic communication
(“Electronic Notice”) shall be deemed written notice for purposes of this Section 12 if sent to
the electronic mail address specified by the receiving party under separate cover. Electronic Notice shall be deemed received at
the time the party sending Electronic Notice receives confirmation of receipt by the receiving party. Any party receiving Electronic
Notice may request and shall be entitled to receive the notice on paper, in a non-electronic form (“Non-electronic
Notice”) which shall be sent to the requesting party within ten (10 days of receipt of the written request for Non-electronic
Notice.

 

6.                
Schedule 2 of the Original Agreement is hereby deleted in its entirety and replaced as follows:

 	“Authorized Placement Notice Parties.	 
	 	 
	The Company	 
	 	 
	Carrie L. Bourdow	[Intentionally omitted.]

	 	 
	Barry Shin	[Intentionally omitted.]

	 	 
	Scott Applebaum	[Intentionally omitted.]

	 	 
	HCW	 
	 	 
	Craig Schwabe 	[Intentionally omitted.]

	 	 
	Charles Worthman 	[Intentionally omitted.]

	 	 
	With a copy to atm@hcwco.com	 

 

7.                
Schedule 3 of the Original Agreement is hereby deleted in its entirety and replaced as follows:

 

“Compensation.
HCW shall be paid compensation equal to up to 3.0% of the gross proceeds from the sales of Placement Shares pursuant to the terms
of this Agreement.”

 

8.                  
All references to “April 17, 2019” set forth in Schedule 1 and Exhibit 7(m) of the Original Agreement are revised
to read “April 17, 2019 (as amended by Amendment No. 1 to Common Stock Sales Agreement, dated December 31, 2020)”.

 

9.                  
Except as specifically set forth herein, all other provisions of the Original Agreement shall remain in full force and effect.

 

10.                Entire
Agreement; Amendment; Severability. This Amendment No. 1 to the Original Agreement together with the Original Agreement
(including all schedules and exhibits attached hereto and thereto and Placement Notices issued pursuant hereto and thereto)
constitutes the entire agreement and supersedes all other prior and contemporaneous agreements and undertakings, both written
and oral, among the parties hereto with regard to the subject matter hereof. All references in the Original Agreement to the
 “Agreement” shall mean the Original Agreement as amended by this Amendment No. 1; provided, however, that
all references to “date of this Agreement” in the Original Agreement shall continue to refer to the date of the
Original Agreement.

 

     2 

     

    

 

11.              
Applicable Law; Consent to Jurisdiction. This amendment shall be governed by, and construed in accordance with, the
internal laws of the State of New York without regard to the principles of conflicts of laws. Each party hereby irrevocably submits
to the non-exclusive jurisdiction of the state and federal courts sitting in the City of New York, borough of Manhattan, for the
adjudication of any dispute hereunder or in connection with any transaction contemplated hereby, and hereby irrevocably waives,
and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of
any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action
or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served
in any such suit, action or proceeding by mailing a copy thereof (certified or registered mail, return receipt requested) to such
party at the address in effect for notices to it under this amendment and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law.

 

12.              
Waiver of Jury Trial. The Company and HCW each hereby irrevocably waives any right it may have to a trial by jury
in respect of any claim based upon or arising out of this amendment or any transaction contemplated hereby.

 

13.              
Counterparts. This amendment may be executed in counterparts, each of which shall be deemed an original, but both
of which together shall constitute one and the same instrument. Delivery of an executed amendment by one party to the other may
be made by facsimile transmission.

 

[Remainder of Page Intentionally Blank]

 

     3 

     

    

 

If the foregoing
correctly sets forth the understanding among the Company and HCW, please so indicate in the space provided below for that
purpose, whereupon this letter shall constitute a binding amendment to the Original Agreement between the Company and
HCW.

 

	 	Very
    truly yours,
	 	 
	 	TREVENA,
    INC.
	 	 
	 	By:	/s/ Barry Shin

	 	Name:  Barry Shin
	 	Title:    Senior Vice President and Chief Financial Officer
	 	 
	 	H.C.
    WAINWRIGHT & CO., LLC
	 	 
	 	By:	 /s/ Mark W. Viklund

	 	Name: Mark W. Viklund
	 	Title: Chief Executive Officer

 

[Signature page
to Amendment No. 1 to Common Stock Sales Agreement]

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