Document:

Exhibit 10.3

AMENDMENT
TO

CHRISTOPHER & BANKS CORPORATION

2005 STOCK INCENTIVE PLAN

 

This Amendment to
Christopher & Banks Corporation 2005 Stock Incentive Plan (the “Plan”)
is hereby approved by the Christopher & Banks Corporation Board of
Directors to be effective on July 26, 2006.

WITNESSETH:

WHEREAS, on April 7,
2005, the Company’s Board of Directors initially approved the Plan; and

WHEREAS, the
Company’s Board of Directors wishes to amend Section 4.3 of the Plan
effective as of July 26, 2006, to avoid having the Company incur
substantial compensation costs.

NOW, THEREFORE, BE
IT RESOLVED that the Plan is hereby amended, as follows:

4.3           Adjustments. In the event of an increase or decrease in the
number of shares of Common Stock resulting from a stock dividend, stock split,
reverse split, combination or reclassification of the Common Stock, or any
other increase or decrease in the number of issued shares of Common Stock
effected without receipt of consideration by the Company, the number of shares
of Stock reserved under Section 4.1 hereof, the number of shares of Stock
covered by each outstanding Award and Option and the price per share thereof
shall be appropriately adjusted  to reflect
such change. Additional shares which may become covered by the Award or Option
pursuant to such adjustment shall be subject to the same restrictions as are
applicable to the shares with respect to which the adjustment relates.Exhibit 10.4

AMENDMENT TO

CHRISTOPHER & BANKS
CORPORATION

2006 EQUITY INCENTIVE PLAN

FOR NON-EMPLOYEE DIRECTORS

 

 

This Amendment to
Christopher & Banks Corporation 2006 Equity Incentive Plan for
Non-Employee Directors (the “Plan”) is hereby approved by the Christopher &
Banks Corporation Board of Directors to be effective as of July 27, 2006.

WITNESSETH:

WHEREAS, on May 23,
2006, the Company’s Board of Directors initially approved the Plan; and

WHEREAS, the
Company’s Board of Directors wishes to amend Section 6.1 of the Plan
effective as of July 27, 2006 to avoid having the Company incur
significant compensation costs.

NOW, THEREFORE, BE
IT RESOLVED that the first paragraph of Section 13 of the Plan is hereby
amended, as follows:

 

SECTION 13.

RECAPITALIZATION, SALE, MERGER, EXCHANGE

OR LIQUIDATION

In the event of an
increase or decrease in the number of shares of Common Stock resulting from a
stock dividend, stock split, reverse split, combination or reclassification of
the Common Stock, or any other increase or decrease in the number of issued
shares of Common Stock effected without receipt of consideration by the
Company, the number of shares of Stock reserved under Section 6 hereof,
the number of shares of Stock covered by each outstanding Award and Option and
the price per share thereof shall be appropriately adjusted  to reflect such change. Additional shares
which may become covered by the Award or Option pursuant to such adjustment
shall be subject to the same restrictions as are applicable to the shares with
respect to which the adjustment relates.Exhibit 10-1

AMENDMENT

TO

EMPLOYMENT, CONFIDENTIALITY AND NON-COMPETITION AGREEMENT

THIS
AMENDMENT (“Amendment”) to that certain Employment, Confidentiality and
Non-Competition Agreement (the “Employment Agreement”), entered into between
ARTISTdirect, Inc., a Delaware corporation (the “Company”), and Randy Saaf (“Executive”),
is entered into as of July 28, 2006. 
Capitalized terms used herein and not defined shall have the meanings
given to them in the Employment Agreement.

RECITALS

WHEREAS,
the parties hereto entered into the Employment Agreement effective as of July
28, 2005; and

WHEREAS,
the parties hereto desire to amend the Employment Agreement, all upon the terms
and conditions set forth herein.

NOW,
THEREFORE, for valuable consideration, the receipt of which is hereby
acknowledged, the parties agree to the terms and conditions set forth herein.

1.              Performance Bonus.  Section 2.2 shall be amended to include the
following language at the end of the Section:

“Any Performance Bonus
shall be paid during the first half of the next calendar year following the
period for which it is earned.”

2.              Stock Option Grant.  Reference to “Nasdaq National Market” in
Section 3 of the Employment Agreement shall be replaced with “Over the Counter
Bulletin Board.”

3.              Standard of Performance.  Subject to Executive’s satisfaction of
Section 4 of this Amendment, the parties hereby agree that all references to “twelve (12) months”
contained in Section 4 of the Employment Agreement shall be deleted and
replaced with “twenty-four (24) months.” 
In addition, during the twenty-four (24) month period, Executive shall
ensure that OnSystems does not operate or do any business whatsoever that would
require Executive’s attention except for activities reasonably related to the
wind-down and dissolution of OnSystems. 
In the event that Executive becomes aware of any development regarding
OnSystems that may require Executive’s attention which is not related to the
wind-down and dissolution, Executive shall immediately notify the Company of
such development.

4.              OnSystems.  Executive further agrees to file or cause to
be filed with the Secretary of State of California a Certificate of Election to Wind Up and Dissolve
OnSystems (the “Election”), which shall be filed on or before August 18, 2006
(the “Deadline”).  Failure to file the
Election by the Deadline shall constitute a breach of Executive’s obligations
under the Employment Agreement.

5.              Termination Payments.  A new Section 5.6 shall be added which shall
read as follows:

“5.6.       Termination Payments.  If Executive is entitled to any payments or
benefits pursuant to either Section 5.3 or 5.4 of this Agreement, then, to the
extent necessary to avoid adverse tax consequences pursuant to Section 409A of
the Internal Revenue Code of 1986, as amended, the first installment of
Executive’s Base Salary shall be paid six (6) months after Executive becomes
entitled to the continuation of Base

 

Salary and shall be in an
amount equal to the aggregate of six (6) months of Base Salary as provided in
Section 5.3 or 5.4, as applicable. 
Thereafter, the balance due shall be paid according to the terms of
Section 5.3 or 5.4, as applicable.”

6.             Conflicts.  Except as expressly set forth in
this Amendment, the terms and provisions of the Employment Agreement shall
continue unmodified and in full force and effect.  In the event of any conflict between this
Amendment and the Employment Agreement, this Amendment shall control.

7.             Governing Law.  This Amendment shall be governed and
construed under the laws of the State of California, and shall be binding on
and shall inure to the
benefit of the parties and their respective successors and permitted assigns.

[The remainder of this page is left blank
intentionally.]

 2
 

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment,
effective as of the date written above.

 

	
  “EXECUTIVE”

  	
   

  	
  “COMPANY”

  
	
  

  Randy Saaf

  	
   

  	
  

  ARTISTdirect, Inc.

  
	
   

  	
   

  	
   

  
	
  /s/: Randy Saaf

  	
   

  	
   

  	
   

  	
  By: /s/ Robert N. Weingarten

  	
   

  	
   

  
	
  Randy Saaf

  	
   

  	
  Robert  N.
  Weingarten

  Its: Chief Financial Officer

  
							

 

 

 3Exhibit 10.2

AMENDMENT

TO

EMPLOYMENT, CONFIDENTIALITY AND NON-COMPETITION AGREEMENT

THIS
AMENDMENT (“Amendment”) to that certain Employment, Confidentiality and Non-Competition
Agreement (the “Employment Agreement”), entered into between ARTISTdirect, Inc.,
a Delaware corporation (the “Company”), and Octavio Herrera (“Executive”), is
entered into as of July 28, 2006.  Capitalized
terms used herein and not defined shall have the meanings given to them in the
Employment Agreement.

RECITALS

WHEREAS, the parties hereto
entered into the Employment Agreement effective as of July 28, 2005; and

WHEREAS, the parties hereto
desire to amend the Employment Agreement, all upon the terms and conditions set
forth herein.

NOW, THEREFORE, for valuable
consideration, the receipt of which is hereby acknowledged, the parties agree
to the terms and conditions set forth herein.

1.              Performance Bonus.  Section 2.2 shall be amended to include the
following language at the end of the Section:

“Any Performance Bonus
shall be paid during the first half of the next calendar year following the
period for which it is earned.”

2.              Stock Option Grant.  Reference to “Nasdaq National Market” in
Section 3 of the Employment Agreement shall be replaced with “Over the Counter
Bulletin Board.”

3.              Standard of Performance.  Subject to Executive’s satisfaction of
Section 4 of this Amendment, the parties hereby agree that all references to “twelve
(12) months” contained in Section 4 of the Employment Agreement shall be
deleted and replaced with “twenty-four (24) months.”  In addition, during the twenty-four (24)
month period, Executive shall ensure that OnSystems does not operate or do any
business whatsoever that would require Executive’s attention except for
activities reasonably related to the wind-down and dissolution of
OnSystems.  In the event that Executive
becomes aware of any development regarding OnSystems that may require Executive’s
attention which is not related to the wind-down and dissolution, Executive
shall immediately notify the Company of such development.

4.              OnSystems. 
Executive further agrees to file or cause to be filed with the Secretary
of State of California a Certificate of Election to Wind Up and Dissolve
OnSystems (the “Election”), which shall be filed on or before August 18, 2006 (the
“Deadline”).  Failure to file the
Election by the Deadline shall constitute a breach of Executive’s obligations
under the Employment Agreement.

5.              Termination Payments.  A new Section 5.6 shall be added which shall
read as follows:

“5.6.       Termination Payments.  If Executive is entitled to any payments or
benefits pursuant to either Section 5.3 or 5.4 of this Agreement, then, to the
extent necessary to avoid adverse tax consequences pursuant to Section 409A of
the Internal Revenue Code of 1986, as amended, the first installment of
Executive’s Base Salary shall be paid six (6) months after Executive becomes
entitled to the continuation of Base

 

Salary and shall be in an
amount equal to the aggregate of six (6) months of Base Salary as provided in
Section 5.3 or 5.4, as applicable. 
Thereafter, the balance due shall be paid according to the terms of
Section 5.3 or 5.4, as applicable.”

6.             Conflicts.  Except as expressly set forth in this
Amendment, the terms and provisions of the Employment Agreement shall continue
unmodified and in full force and effect. 
In the event of any conflict between this Amendment and the Employment
Agreement, this Amendment shall control.

7.             Governing Law.  This Amendment shall be governed and
construed under the laws of the State of California, and shall be binding on
and shall inure to the benefit of the parties and their respective successors
and permitted assigns.

[The remainder of this
page is left blank intentionally.]

 

 2
 

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment, effective as
of the date written above.

 

	
  “EXECUTIVE”

  	
   

  	
  “COMPANY”

  	 

	
   

  	
   

  	
   

  	 

	
   Octavio Herrera

  	
   

  	
  ARTISTdirect, Inc.

  	 

	
   

  	
   

  	
   

  	 

	
  /s/ Octavio Herrera

  	
   

  	
   

  	
  By: /s/ Robert  N. Weingarten

  	
   

  	
   

  
	
  Octavio Herrera

  	
   

  	
        Robert  N. Weingarten

  Its: Chief Financial Officer

  	 

							

 

 

 3

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