Document:

Exhibit

Exhibit 10.2

FOURTH AMENDMENT TO
SECOND AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT

THIS FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT (this "Amendment"), dated May 17, 2019, is made and entered into by and among IES HOLDINGS, INC., a Delaware corporation, on behalf of itself and each other Borrower and Guarantor (the "Administrative Borrower"), and WELLS FARGO BANK, NATIONAL ASSOCIATION ("Lender"). 
RECITALS
A.WHEREAS, Borrowers, Guarantors and Lender have entered into that certain Second Amended and Restated Credit and Security Agreement dated as of April 10, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement").  Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement.
B.WHEREAS, Administrative Borrower, on behalf of itself and each other Borrower and Guarantor, has requested that Lender amend certain provisions in the Credit Agreement as set forth herein.
C.WHEREAS, Lender has agreed to amend the Credit Agreement on the terms and conditions as set forth herein.
NOW THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound agree as follows:
ARTICLE I
AMENDMENT
Effective as of the Effective Date (as defined below), the Credit Agreement is hereby amended and supplemented as follows:
1.01    Amendment to Schedule 1.1.
(a)The definition of "Restricted Junior Payment" set forth in Schedule 1.1 of the Credit Agreement is hereby amended by (i) deleting and replacing the reference to "and" at the end of clause (iii) and before clause (iv) with a reference to ",", and (ii) inserting the following at the end of clause (iv) and before the period:
, and (v) in addition to the repurchase of 1,500,000 shares of Stock issued by Parent, which repurchase was approved by Lender as of December 10, 2015 pursuant to a Limited Consent and Waiver entered into as of such date (the “Original Repurchase Amount”), Parent may repurchase 1,000,000 shares of Stock issued by Parent for an aggregate purchase price (including the purchase price for any remaining shares of Parent Stock available for repurchase under the Original 

10583589v4 5/15/2019 10:25 PM                                        1989.520

Repurchase Amount, which available shares shall not exceed 465,061 shares of Stock issued by Parent as of the date hereof) not to exceed $25,000,000, in the aggregate.
1.02    Amendment to Schedule A-2 (Authorized Person). Schedule A-2 of the Credit Agreement is hereby amended to include Gary S. Matthews as an Authorized Person. 

ARTICLE II
NO WAIVER
2.01    No Waiver.  Other than as set forth above in Article I hereof, nothing contained in this Amendment shall be construed as an amendment of, consent to, or waiver by, Lender of any covenant or provision of the Credit Agreement, the other Loan Documents, this Amendment, or of any other contract or instrument between any Loan Party and Lender, and the failure of Lender at any time or times hereafter to require strict performance by the Loan Parties of any provision thereof shall not waive, affect or diminish any right of Lender to thereafter demand strict compliance therewith.  Lender hereby reserves all rights granted under the Credit Agreement, the other Loan Documents, this Amendment and any other contract or instrument between any Loan Party and Lender.

ARTICLE III
CONDITIONS PRECEDENT
3.01    Conditions to Effectiveness.  This Amendment shall become effective only upon the satisfaction in full, in a manner satisfactory to Lender, of the following conditions precedent (the first date upon which all such conditions have been satisfied being herein called the "Effective Date"):
(b)Lender shall have received the following documents or items, each in form and substance satisfactory to Lender and its legal counsel (unless such conditions are waived by Lender in its sole discretion):
(i)an executed copy of this Amendment; and
(ii)(x) payment of a nonrefundable amendment fee of $10,000 to Lender, which shall be fully earned and payable on the date hereof, (y) all other documents Lender may reasonably request with respect to any matter relevant to this Amendment or the transactions contemplated hereby, and (z) Borrowers shall have paid Lender, or made arrangements satisfactory to Lender to pay, all Lender Expenses, incurred prior to or in connection with the preparation of this Amendment.
(c)After giving effect to this Amendment, the representations and warranties made by each Loan Party contained herein and in the Credit Agreement, as amended hereby, and the other Loan Documents, shall be true and correct in all material respects as of the date hereof, as if those representations and warranties were made for the first time on such date.
(d)After giving effect to this Amendment, each Loan Party is in compliance with all applicable covenants and agreements contained in the Credit Agreement and the other Loan Documents.

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(e)No Default or Event of Default shall exist under any of the Loan Documents (as amended hereby), and no Default or Event of Default will result under any of the Loan Documents from the execution, delivery or performance of this Amendment.
(f)All corporate and other proceedings, and all documents instruments and other legal matters in connection with the transactions contemplated by this Amendment shall be satisfactory in form and substance to Lender and its counsel.
(g)Lender shall have received final credit approval for the Credit Facility and the transactions described in this Amendment.

ARTICLE IV
RATIFICATIONS, REPRESENTATIONS AND WARRANTIES
4.01    Ratifications.  The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Credit Agreement and the other Loan Documents, and, except as expressly modified and superseded by this Amendment, the terms and provisions of the Credit Agreement and the other Loan Documents are ratified and confirmed and shall continue in full force and effect.  Administrative Borrower, on behalf of itself and each other Loan Party, hereby agrees that all liens and security interest securing payment of the Obligations under the Credit Agreement are hereby collectively renewed, ratified and brought forward as security for the payment and performance of the Obligations.  Administrative Borrower, on behalf of itself and each other Loan Party, and Lender agree that the Credit Agreement and the other Loan Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in accordance with their respective terms.
4.02    Representations and Warranties.  Administrative Borrower, on behalf of itself and each other Loan Party, hereby represents and warrants, jointly and severally, to Lender as of the date hereof as follows: (a) it is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization; (b) the execution, delivery and performance by it of this Amendment, the Credit Agreement and all other Loan Documents executed and/or delivered in connection herewith are within its powers, have been duly authorized, and do not contravene (i) its Governing Documents or (ii) any applicable law; (c) no consent, license, permit, approval or authorization of, or registration, filing or declaration with any governmental body or other Person, is required in connection with the execution, delivery, performance, validity or enforceability of this Amendment, the Credit Agreement or any of the other Loan Documents executed and/or delivered in connection herewith by or against it, except for those consents, approvals or authorizations which (i) will have been duly obtained, made or compiled prior to the Effective Date and which are in full force and effect or (ii) the failure to obtain could not individually or in the aggregate reasonably be expected to cause a Material Adverse Change; (d) this Amendment, the Credit Agreement and all other Loan Documents executed and/or delivered in connection herewith have been duly executed and delivered by it; (e) this Amendment, the Credit Agreement and all other Loan Documents executed and/or delivered in connection herewith constitute its legal, valid and binding obligation enforceable against it in accordance with their terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally or by general principles of equity; (f) no Default or Event of Default exists, has occurred and is continuing or would result by the execution, delivery or performance of this Amendment; (g) each Loan Party is in compliance with all applicable covenants and agreements contained in the Credit Agreement and the other Loan Documents, as amended hereby; and (h) the representations and warranties contained in the Credit Agreement and 

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the other Loan Documents are true and correct in all material respects on and as of the date hereof as though made on and as of each such date, except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and complete on and as of such earlier date).
ARTICLE IV
MISCELLANEOUS PROVISIONS
5.01    Survival of Representations and Warranties.  All representations and warranties made in the Credit Agreement or the other Loan Documents, including, without limitation, any document furnished in connection with this Amendment, shall survive the execution and delivery of this Amendment and the other Loan Documents, and no investigation by Lender shall affect the representations and warranties or the right of Lender to rely upon them.
5.02    Reference to Credit Agreement.  Each of the Credit Agreement and the other Loan Documents, and any and all other agreements, documents or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Credit Agreement, as amended hereby, are hereby amended so that any reference in the Credit Agreement and such other Loan Documents to the Credit Agreement shall mean a reference to the Credit Agreement as amended hereby.
5.03    Expenses of Lender.  Administrative Borrower, on behalf of itself and each other Borrower and Guarantor, agrees to pay on demand all reasonable costs and expenses incurred by Lender in connection with any and all amendments, modifications, and supplements to the other Loan Documents, including, without limitation, the reasonable costs and fees of Lender's legal counsel, and all costs and expenses incurred by Lender in connection with the enforcement or preservation of any rights under the Credit Agreement, as amended hereby, or any other Loan Documents, including, without, limitation, the costs and fees of Lender's legal counsel.
5.04    Severability.  Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable.
5.05    Successors and Assigns.  This Amendment is binding upon and shall inure to the benefit of Lender and each Loan Party and their respective successors and assigns, except that no Loan Party may assign or transfer any of its respective rights or obligations hereunder without the prior written consent of Lender.
5.06    Counterparts.  This Amendment may be executed in one or more counterparts (including by electronic .pdf), each of which when so executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same instrument.
5.07    Effect of Waiver.  No consent or waiver, express or implied, by Lender to or for any breach of or deviation from any covenant or condition by any Loan Party shall be deemed a consent to or waiver of any other breach of the same or any other covenant, condition or duty.
5.08    Headings.  The headings, captions, and arrangements used in this Amendment are for convenience only and shall not affect the interpretation of this Amendment.

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5.09    Applicable Law.  THIS AMENDMENT AND ALL OTHER AGREEMENTS EXECUTED PURSUANT HERETO SHALL BE DEEMED TO HAVE BEEN MADE AND TO BE PERFORMABLE IN AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS.
5.10    Final Agreement.  THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS, EACH AS MODIFIED HEREBY, REPRESENT THE ENTIRE EXPRESSION OF THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF ON THE DATE THIS AMENDMENT IS EXECUTED.  THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS MODIFIED HEREBY, MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.  NO MODIFICATION, RESCISSION, WAIVER, RELEASE OR AGREEMENT OF ANY PROVISION OF THIS AMENDMENT SHALL BE MADE, EXCEPT BY A WRITTEN AGREEMENT SIGNED BY THE BORROWERS AND LENDER.
5.11    Release.  ADMINISTRATIVE BORROWER, ON BEHALF OF ITSELF AND EACH LOAN PARTY, HEREBY ACKNOWLEDGES THAT IT HAS NO DEFENSE, COUNTERCLAIM, OFFSET, CROSS COMPLAINT, CLAIM OR DEMAND OF ANY KIND OR NATURE WHATSOEVER THAT CAN BE ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF ITS LIABILITY TO REPAY ANY LOANS OR EXTENSIONS OF CREDIT FROM LENDER TO THE BORROWERS UNDER THE CREDIT AGREEMENT OR THE OTHER LOAN DOCUMENTS OR TO SEEK AFFIRMATIVE RELIEF OR DAMAGES OF ANY KIND OR NATURE FROM LENDER.  ADMINISTRATIVE BORROWER, ON BEHALF OF ITSELF AND EACH LOAN PARTY, HEREBY VOLUNTARILY AND KNOWINGLY RELEASES AND FOREVER DISCHARGES LENDER, ITS PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, FROM ALL POSSIBLE CLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, AND LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN, ANTICIPATED OR UNANTICIPATED, SUSPECTED OR UNSUSPECTED, FIXED, CONTINGENT, OR CONDITIONAL, AT LAW OR IN EQUITY, ORIGINATING IN WHOLE OR IN PART ON OR BEFORE THE DATE THIS AMENDMENT IS EXECUTED, WHICH ANY LOAN PARTY MAY NOW OR HEREAFTER HAVE AGAINST LENDER, ITS PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, IF ANY, AND IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS ARISE OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE, AND ARISING FROM ANY LOANS OR EXTENSIONS OF CREDIT FROM LENDER TO THE BORROWERS UNDER THE CREDIT AGREEMENT OR THE OTHER LOAN DOCUMENTS, INCLUDING, WITHOUT LIMITATION, ANY CONTRACTING FOR, CHARGING, TAKING, RESERVING, COLLECTING OR RECEIVING INTEREST IN EXCESS OF THE HIGHEST LAWFUL RATE APPLICABLE, THE EXERCISE OF ANY RIGHTS AND REMEDIES UNDER THE CREDIT AGREEMENT OR LOAN DOCUMENTS, AND NEGOTIATION FOR AND EXECUTION OF THIS AMENDMENT.
5.12    Consent of Guarantors.  The Administrative Borrower, on behalf of each Guarantor, hereby (a) consents to the transactions contemplated by this Amendment; and (b) agrees that the Credit Agreement and the other Loan Documents (as amended, restated, supplemented or otherwise modified from time to time) are and shall remain in full force and effect.  Although each Guarantor has been informed of the matters set forth herein and Administrative Borrower, on behalf of the Guarantors, has acknowledged and agreed to same, it understands that the Lender has no obligation 

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to inform it of such matters in the future or to seek its acknowledgment or agreement to future amendments, and nothing herein shall create such a duty.  Administrative Borrower, on behalf of each Guarantor, acknowledges that its Guaranty is in full force and effect and ratifies the same, acknowledges that the undersigned has no defense, counterclaim, set-off or any other claim to diminish the undersigned's liability under such documents, that the undersigned's consent is not required to the effectiveness of the Credit Agreement and that no consent by it is required for the effectiveness of any future amendment, modification, forbearance or other action with respect to the Collateral, the Advances, the Credit Agreement or any of the other Loan Documents. 
[Remainder of page intentionally left blank]

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IN WITNESS WHEREOF, the undersigned has executed this Amendment as of the date first above written.
	
		
	ADMINISTRATIVE BORROWER:

IES HOLDINGS, INC.

	By:
	 /s/ Tracy A. McLauchlin

	Name: 
	Tracy A. McLauchlin

	Title: 
	Senior Vice President, CFO & Treasurer

Signature Page to Fourth Amendment to Second Amended and Restated Credit and Security Agreement

	
		
	WELLS FARGO BANK, NATIONAL ASSOCIATION

	By: 
	 /s/ Michael L. Gerard

	Name:
	Michael L. Gerard

	Title:
	Authorized Signatory

Signature Page to Fourth Amendment to Second Amended and Restated Credit and Security AgreementEX-10.1

																					
	

    	  	

	  	Exhibit 10.1
	  	
	  	
	  	
	  	
	  	
	  		  	  
 14193 NW 119th Terrace

 
 Suite #10

 
 Alachua, FL 32615
	  	
	  		  	  
 July 29, 2019

 
 Matthew Feinsod

 
 Dear Matt,
  

On behalf of Applied Genetic Technologies Corporation (the “Company” or “AGTC”), I am pleased to extend to you the following offer of
promotion to the position of Executive Vice President of Global Strategy and Development, reporting to Theresa Heah. You may continue to see patients one-day a week and you may continue to perform third-party consulting services provided that such
activities do not conflict or interfere with your responsibilities or conflict with the company’s standard PIIA which will be provided to you.
  

The details of the offer are as follows:
  

Effective Date:  August 1, 2019

 

Salary:      Annually: $400,000 ($16,666.67 per pay period).

 

Bonus Plan:    You will be eligible for a bonus of up to 30% of your annual salary
based on completion of specific goals defined and agreed to at the beginning of each fiscal year (July 1st). Please note that (i) you must be an employee at the time of the scheduled bonus
payment to receive the bonus, and (ii) the determination of whether a bonus is paid in any given year is subject to the approval of the Compensation Committee of the Board of Directors.

 
 Benefits:    AGTC
will continue to provide you with the standard health, welfare and retirement benefits coverage as defined by Company policy.
  

Legal Fees:   The Company will pay up to $12,000 towards legal fees actually incurred by
you in connection with the negotiation and evaluation of this offer within thirty (30) days following the presentation of documentation thereof.
  

PTO:      PTO will carry on from your current position and accrue as
defined by Company policy.

	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

  

																					
	

    	  	

	  	
	  	
	  	
	  	
	  	
	  	
	  		  	  
 14193 NW 119th Terrace

 
 Suite #10

 
 Alachua, FL 32615
	  	
	  		  	  

Stock Options:  The Company has approved, effective as of the date hereof, the grant to you of
options (the “Options”) to purchase an aggregate of 100,000 shares of the Company’s common stock pursuant to the Company’s 2013 Equity and Incentive Plan (the “Plan”). The Options shall be subject to the terms and
conditions set forth in the Plan and the Stock Option Award Agreement to be entered into by you and the Company following the grant with the following terms: (i) the common stock issuable pursuant to such Options will be issuable at an exercise
price per share equal to closing price of the Company’s common stock on the Nasdaq Global Market on the date hereof; (ii) each such option will have a term of ten years from the date hereof; and (iii) the Options will vest upon the
achievement of certain milestones as set forth in the Stock Option Award Agreement. Each milestone will be deemed achieved if approved by the Company’s chief executive officer upon certification by the Company’s chief executive officer to
the Board, and with such certification accepted by the Board. If there is a Change of Control (as defined below) and you are not offered the position of Executive Vice President of Global Strategy and Development, then immediately upon the Change of
Control all of the Options shall immediately vest and become exercisable.
  

Working Remotely, Relocation and Reimbursement:
  

We have agreed that you may maintain your current residence.
  

(i)  you may work from home and will travel to the Company’s offices in Alachua, Florida and
Cambridge Massachusetts, or to other locations as necessary or appropriate in connection with the performance of your duties; and
  

(ii)  as long as you remain a “remote employee” you will be subject to the Company’s Remote
Employee Policy.
  
 This letter agreement is not intended to and it does not create
any employment contract for any specified term or duration between you and the Company. Your employment with the Company is terminable at any time, by yourself upon two weeks written notice, or by the Company upon two weeks written notice or payment
of salary in lieu thereof. Your employment may also be terminated for cause by the Company at any time without advance written notice. “Cause” is defined for purposes of your employment as including any of the following:

 
 •  Your failure to effectively
carry out your duties and responsibilities, as evaluated and determined by the Company in its absolute discretion;

	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

																					
	

    	  	

	  	
	  	
	  	
	  	
	  	
	  	
	  		  	  
 14193 NW 119th Terrace

 
 Suite #10

 
 Alachua, FL 32615
	  	
	  		  	  

•  Violation of requirements of this letter, the Company’s Code of Ethics, the Employee
Handbook, or any other relevant Company policy or procedure;
  

•  Conduct which, in the Company’s determination, causes embarrassment or loss of credibility to
the Company, its employees, products or services, or the position that you hold, or which causes the Board to lose confidence in you.
  

•  Conduct which, in the Company’s determination, violates the Proprietary Information,
Inventions, Non-Competition and Non-Solicitation Agreement, or which involves dishonesty, moral turpitude, or misrepresentation.
  

For purposes of this letter agreement, “Change of Control” shall mean and shall be deemed to have occurred, if:

 
 •  any Person, excluding
(i) employee benefit plans of the Company or any of its affiliates, is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, which Rules shall apply for purposes of this clause whether or not
the Company is subject to the Exchange Act), directly or indirectly, of Company securities representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities (“Voting Power”);

 
 •  the Company consummates a
merger, consolidation, share exchange, division or other reorganization or transaction of the Company (a “Fundamental Transaction”) with any other corporation, other than a Fundamental Transaction that results in the voting securities of
the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the combined Voting Power
immediately after such Fundamental Transaction of (i) the Company’s outstanding securities, (ii) the surviving entity’s outstanding securities, or (iii) in the case of a division, the outstanding securities of each entity
resulting from the division;
  

•  the stockholders of the Company approve a plan of complete liquidation or winding-up of the
Company or the consummation of the sale or disposition (in one transaction or a series of transactions) of all or substantially all of the Company’s assets; or
  

•  during any period of 24 consecutive months, individuals who at the beginning of such period
constituted the Board (including for this purpose any new director whose election or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who were
directors at the beginning of such period or whose appointment, election or nomination was previously so approved or recommended) cease for any reason to constitute at least a majority of the Board.

	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

																					
	

    	  	

	  	
	  	
	  	
	  	
	  	
	  	
	  		  	  
 14193 NW 119th Terrace

 
 Suite #10

 
 Alachua, FL 32615
	  	
	  		  	  
 In all respects, the definition of Change
in Control shall be interpreted to comply with Section 409A, and any successor statute, regulation and guidance thereto:
  

For purposes of this letter agreement, “Good Reason” shall mean:
  

•  Either before or after a Change in Control, a requirement that you either (i) perform the
majority of your services to the Company in any location beyond a fifty (50) mile radius of Cambridge, Massachusetts; and/or (ii) relocate your residence beyond a fifty (50) mile radius of your residence as of the date of the Change
of Control;
  
 •  Upon the sale
of all or substantially all of the stock or assets of the Company, whether by merger, acquisition or otherwise, the successor company does not offer you a position with substantially equivalent responsibilities; and/or

 
 •  Upon the sale of all or
substantially all of the stock or assets of the Company, whether by merger, acquisition or otherwise, the successor company does not offer you a position with total compensation and benefits at least equivalent to those you received from the Company
immediately prior to such sale.
  
 If your employment is terminated because either
(A) the Company terminates your employment without Cause or (B) you terminate your employment for Good Reason (and provided that you execute and do not revoke a Release and Settlement Agreement in the form reasonably acceptable to the
Company and you), then: (i) you will be entitled to receive an amount equal to nine (9) months of your then-base salary, which shall include base salary and bonus earned (less all applicable deductions); and (ii) the Company’s
payment of the Company portion of the premium for benefits that you continue pursuant to the Consolidated Omnibus Benefits Reconciliation Act of 1984, as amended, payable in a lump sum or as otherwise agreed to by you and the Company.

	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

																					
	

    	  	

	  	
	  	
	  	
	  	
	  	
	  	
	  		  	  
 14193 NW 119th Terrace

 
 Suite #10

 
 Alachua, FL 32615
	  	
	  		  	  
 We look forward to your favorable response,
which you can indicate by returning to us a copy of this letter duly signed and dated in the space provided, whereupon this letter agreement shall become binding upon you and the Company.

 
 Sincerely,
  

/s/ Susan Washer
  

Susan Washer, President and CEO
  

ACKNOWLEDGED AND AGREED:
  

/s/ Matthew
Feinsod                                       
                                         
                        July 29,
2019                            

Matthew Feinsod
                                         
                                         
                                        
Date

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