Document:

EXHIBIT 10

EXHIBIT 10.2

ASHER PRELIMINARY PERMIT

The pages which follow are free translations from the Hebrew of the documents setting forth the granting of Preliminary Permit No. 185/ "Asher".

Document A: Cover letter dated August 1, 2005 from the Minister of National Infrastructures granting the Preliminary Permit.  

Document B: Original Preliminary Permit No. 185/ "Asher", granted on August 1, 2005, including First Annex (Description of the Area) and Second Annex (Special Conditions).

Document C:  Letter dated May 16, 2006 from the Petroleum Commissioner approving changes to the work program.

Document D:  Letter dated July 30, 2006, from the company to the Petroleum Commissioner requesting revision of work program and Commissioner's endorsed grant of request.

[DOCUMENT A]

MINISTRY OF NATIONAL INFRASTRUCTURES

25 Nissan 5765

1 August 2005

Petroleum 2005-190

Mr. E. Roih

Zion Oil & Gas, Inc.

9 Yair Stern St.

Herzelia 46412

 

Dear Sir,

Re:Preliminary Permit 185/ "Asher"

Please be informed that pursuant to the authority vested in me under Section 7A of the Petroleum Law, 5712-1952, and following consultation with the Petroleum Commission in accordance with the said law, I have decided to grant to

"Zion Oil & Gas" - 100%

a Priority Right to receive Petroleum Rights in the area subject of Preliminary Permit 185/"Asher".

The estimated cost for executing the required activities mentioned in the Second Annex is $325,000.

 

The Priority Right to receive Petroleum Rights is conditioned on the fulfillment of all conditions of the Preliminary Permit.

The validity of the Priority Right shall lapse upon the termination of the Preliminary Permit.

 

Sincerely, 

/s/ -

Binyamin (Fuad) Ben Eliezer

Minister of National Infrastructures 

 

Copy: Dr. Yaacov Mimram, Commissioner of Petroleum Affairs

[DOCUMENT B]

STATE OF ISRAEL

Petroleum Law, 5712 - 1952 

Preliminary Permit No. 185/ "Asher"

Preliminary Permit 

 

 

 

There is hereby granted to -

Zion Oil & Gas, Inc. 100%

A PRELIMINARY PERMITTo conduct preliminary investigations,

including geological and geophysical 

activities, for the purpose of evaluating the

potential to discover petroleum on the area

described in the First Annex which is an 

integral part of this Preliminary Permit.

THIS PRELIMINARY PERMITIs granted subject to the provisions of the

Petroleum Law, 5712-1952, and to the 

Regulations issued thereunder, and to the 

Special Conditions set forth in the Second

Annex which is an integral part of this

Preliminary Permit.

 

 

 

The validity of this Preliminary Permit shall be terminated on 12 Shvat 5767

31 January 2007

Granted in Jerusalem, on 25 Tamuz 5765

1 August 2005

 

 

 

 
/s/ (-)

          Dr. Yaacov Mimran

Commissioner of Petroleum Affairs

STATE OF ISRAEL

Petroleum Law, 5712 - 1952 

Preliminary Permit No. 185/ "Asher"

F I R S T     A N N E X 

DESCRIPTION OF THE AREA:

 

 

 

From Map point 196.00/740.00 thence East 

To Map point200.00/740.00 thence South East 

To Map point218.00/715.00 thence West

To Map point213.00/715.00 thence South West 

To Map point210.00/712.00 thence West 

To Map point208.00/712.00 thence South West 

To Map point204.00/711.00 thence West 

To Map point194.40/711.00 thence South West 
  To Map point                      188.50/704.00 thence North East along  

                                                                            the cost of the Mediterranean 

                                                                            Sea, back 

To Map point196.00/740.00 

Total area is 490,000 Dunam (490.0 km2)

The coordinates are based on the new Israeli Grid

 

 

It is specifically declared hereby that the boundaries of the Permit Area are as set forth in the above description, notwithstanding any apparent changes from the boundaries set forth in the maps submitted by the recipient of the Preliminary Permit.

 

Granted in Jerusalem, on 25 Tamuz 5765

1 August 2205

 
/s/ (-)

          Dr. Yaacov Mimran

Commissioner of Petroleum Affairs

STATE OF ISRAEL

Petroleum Law, 5712 - 1952 

Preliminary Permit No. 185/ "Asher"

S E C O N D     A N N E X 

SPECIAL CONDITIONS:

 

 

 

During the term of the Permit, the Company shall execute the following work plan:

	Not later than May 1, 2006, reprocessing of existing seismic lines, geologic and geochemical data and preparation of a regional geological report regarding the Triassic.

	 Not later than May 1, 2006, submission of a Prospect and application for grant of License or release of the area or an undertaking to acquire new seismic lines.

	Not later than November 1, 2006, acquisition of 20 km of new seismic lines, interpretation and processing thereof and submission of a summation report.

	Not later than January 31, 2007, submission of Prospect for drilling in the Permit area.

	At the end of every stage, the findings and their summations are to be submitted to the Commissioner of Petroleum Affairs.

	Toward the end of the Permit period, a report of the activities performed in the area and their findings shall be submitted, in two copies. In the report the following matters shall be detailed:

	Evaluation of the prospectivity of the various plays.

	Structural maps (time and depth) and isopatch maps of the key Mesozoic and Cenozoic horizons.

	Seismic attribute maps in the appropriate contexts, if conducted.

	Paleographic maps of the strategic intervals constituting the various plays.

	Evaluation of petroleum potential and hydrocarbon migration paths.

 

	 The final reports shall also include a description of all the activities performed in the Permit area. There shall be appended to the reports the following details (to the extent that they have not been previously submitted in quarterly reports or further to clause 5 above):

All the geophysical material, including copies of the magnetic field tapes etc., the documentary material accompanying the field tapes, as surveyors' reports, operators' reports, location maps, results of processing of new seismic lines and the reprocessing of the old seismic lines. The relevant material shall be submitted both on magnetic tapes and on semi-originals of the Mylan type.

	The Permit owner shall coordinate the entrance of boating vessels, required for its activity with the State of Israel defense and security authorities 

No original geophysical material, as magnetic tapes etc., shall be exported from Israel, but rather copies only.

Failure to comply with these conditions will result in immediate cancellation of the Permit from the date of the failure to comply with the conditions.

 

Granted in Jerusalem, on 25 Tamuz 5765

1 August 2005

 
/s/ (-)

          Dr. Yaacov Mimran

Commissioner of Petroleum Affairs

 

[DOCUMENT C]

STATE OF ISRAEL

MINISTRY OF NATIONAL INFRASTRUCTURES

NATURAL RESOURCES LICENSING ADMINISTRATION

 

 

Petroleum Unit

18 Iyar 5766

16 May 2006

Pet 2006-98

Mr. Glen Perry, Vice President

Zion Oil, Inc.

15 Bareket St., Industrial Park North

Caesarea 38900

 

Dear Sir,

Re:Preliminary Permit 185/"Asher" - Change in Work Program

Your letter of 9.5.06

In response to the requests in your referenced letter, I hereby approve changes in the work program as follows:

1.Paragraphs 2 and 3 in the original program are cancelled.

2.The new paragraph 2 shall read: collection and interpretation of existing seismic lines, geophysical and geochemical information, preparation of regional and local maps - by August 1, 2006.

3.Paragraph 3 - submission of a program for the acquisition of approximately 20 km of new seismic lines - by November 1, 2006.

4.Paragraph 4 shall remain as is, i.e. the submission of a drilling prospect - by January 31, 2007.

 

Sincerely,

/s/ _

Dr. Ya'acov Mimran

Petroleum Commissioner

 

 

[DOCUMENT D]

ZION OIL & GAS, INC.

 

 

30 July 2006

 

Dr. Ya'acov Mimran

Commissioner of Petroleum Affairs

Oil & Gas Division

Ministry of National Infrastructures

234 Yafo Road

Jerusalem 91130

 

Dear Dr. Mimran,

Re:Preliminary Permit 185/"Asher" (the "Asher Permit") -

Request to Amend Second Annex - Special Conditions (the "Special Conditions")

Further to Dr. Kashai's conversation with you last week in which he updated you concerning the progress of our continuing geological studies and mapping of the Asher Permit area, discussing inter alia the extent of the work being conducted to cover substantial areas as to which only limited interpretative work and mapping had been done previously and the need for additional time to complete the expanded interim geological report and mapping, on behalf of Zion Oil & Gas, Inc., I hereby request that the provisions of paragraph 2 of the Special Conditions of the Asher Permit as approved by your letter of 16 May 2006 be amended to defer from August 1 through September 10, 2006, the date by which collection and interpretation of the available seismic, geophysical and geochemical information and preparation of regional and local maps be completed.

If any further clarifications concerning the nature and extent of the work done to date and the work remaining to be done in connection with the preparation of the expanded interim report be required, please let me know and further details will be provided.

Your attention to this matter is appreciated.

Respectfully submitted,

/s/

Glen H. Perry,

Executive Vice President

cc:Mr. Eugene Soltero

Mr. Richard Rinberg

Mr. Philip Mandelker, Adv.

Mr. Elisha Roih

TRANSLATION:  "13 August 2006 - The requested deferral of the submission of the report is granted. /s/ - Dr. Ya'acov MimranExhibit 10.1

    
      

    

    Hand
      Delivery

    Young.
      C.
      McGuinn

    

    
      
        
          	Re:	
                  Severance
                    Benefits

                

        

      

    

    

    Dear
      Ms.
      McGuinn:

    

    This
      letter will serve to memorialize LifeCell Corporation’s agreement to provide you
      with certain severance payments in the event that your employment is terminated
      by LifeCell Corporation (“LifeCell”)
      without Cause (as defined below).

    

    Employment
      with LifeCell is “at will.” This means that, just as you may resign from
      LifeCell at any time with or without cause, LifeCell has the right to terminate
      this employment relationship at any time with or without cause or notice.
      Notwithstanding the foregoing, in the event that LifeCell terminates your
      employment other than for Cause, then, subject to your execution, delivery,
      and
      non-revocation of a general release in a form satisfactory to LifeCell (the
      “Release”):
      (a)
      you will be entitled to the continuation of your base salary (as of the date
      of
      termination) for
      a
      period of nine (9) months following your termination (“Severance
      Payments”);
      and
      (b) if
      you
      timely elect COBRA coverage and provided that you continue to make contributions
      to such continuation coverage equal to your employee contribution in effect
      immediately preceding the date of your termination, LifeCell shall waive the
      remaining portion of your healthcare continuation payments under COBRA for
      a
      period of nine (9) months following your termination (unless you sooner become
      eligible to obtain alternate healthcare coverage from a new employer, in which
      case LifeCell’s obligation to waive the remaining portion of your healthcare
      continuation payments under COBRA shall cease). By signing this letter below,
      you acknowledge that you understand and affirm that you are obligated to inform
      LifeCell (or its successor) if you become eligible to obtain alternate
      healthcare coverage from a new employer before the nine (9) month anniversary
      of
      your termination and that you further understand that if you wish to continue
      to
      obtain COBRA coverage after the nine (9) month anniversary of your termination,
      you must pay all costs and fees for such additional coverage in accordance
      with
      COBRA. The
      Severance Payments will commence on the next regular paydate following the
      8th
      day
      after you execute and deliver the Release; provided, however, that if necessary
      to comply with the restriction in Section 409(A)(a)(2)(B) of the Internal
      Revenue Code of 1986, as amended (the “Code”)
      concerning payments to “specified employees,” the Severance Payments will
      commence on the first regular paydate of the seventh month following the date
      of
      termination. Among
      other things, the Release will include a general release of LifeCell, its
      affiliates and their respective officers, directors, managers, members,
      shareholders, partners, employees and agents from all liability and such other
      terms deemed necessary by LifeCell for its protection.

    

    For
      purposes of this letter, “Cause”
means
      your (a) conviction of, guilty plea to or confession of guilt of a felony or
      criminal act involving moral turpitude, (b) commission of a fraudulent, illegal,
      or dishonest act in respect of LifeCell, (c) willful misconduct or gross
      negligence that is or reasonably could be expected to be materially injurious
      to
      the business, operations or reputation of LifeCell (monetarily or otherwise),
      (d) material violation of LifeCell's policies or procedures in effect from
      time
      to time; provided, however, to the extent such violation is subject to cure,
      you
      will have a reasonable opportunity to cure such violation after written notice
      thereof, (e) material failure to perform the duties as assigned to you from
      time
      to time; provided, however, to the extent such failure is subject to cure,
      you
      will have a reasonable opportunity to cure such non-performance after written
      notice thereof, (f) breach of the Covenants Agreement (as defined below), (g)
      physical or mental disability that prevents you from performing your duties
      to
      LifeCell for a period of at least 90 consecutive days in any 12- month period
      or
      120 non-consecutive days in any 12-month period, or (h) death. This definition
      of “Cause” only relates to LifeCell’s agreement to continue your base salary and
      waive a portion of your healthcare continuation payments under COBRA following
      termination under the circumstances described in the preceding paragraph and
      does not alter your status as an at will employee. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Following
      your acceptance of this letter and your execution and delivery of the Covenants
      Agreement, LifeCell will execute and deliver to you a Change in Control
      Agreement (substantially in the form annexed to this letter) that sets forth
      certain enhanced severance benefits that will be provided to you following
      your
      loss of employment after or by reason of a Change in Control.

    

    The
      foregoing terms of this letter are expressly contingent upon your execution
      and
      delivery to LifeCell of the enclosed Confidentiality, Assignment of
      Contributions and Invention, Non-Competition and Non-Solicitation Agreement
      (“Covenants
      Agreement”).
      

    

    The
      terms
      set forth in this letter supersede all prior agreements and understandings
      with
      respect to the matters covered hereby. This letter is not be construed as a
      contract of employment and your employment with LifeCell
      remains
      "at will." 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Kindly
      sign your name at the end of this letter to signify your understanding and
      acceptance of these terms and that no one at LifeCell has made any other
      representation to you. Please return your executed acceptance of this letter,
      together with the signed Covenants Agreement, to me on or before July 31,
      2006.

    

    Should
      you have any questions, please do not hesitate to contact me.

    

    

    

    Agreed
      and Accepted:

    

    
      	
              /s/
                Young C. McGuinn

            	
              Date:
                August
                14, 2006

            
	
              Young
                C. McGuinn

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    LIFECELL
      CORPORATION

    One
      Millenium Way

    Branchburg,
      New Jersey 08876

    

    ________
      __, 2006

    

    Young
      C.
      McGuinn, Vice President, Manufacturing Operations

    LifeCell
      Corporation

    One
      Millenium Way

    Branchburg,
      New Jersey 08876

    

    
      	 	
              Re:

            	
              Change
                in Control Agreement

            

    

    

    Dear
      Ms.
      McGuinn,

    

    This
      letter sets forth certain protections with respect to your employment with
      LifeCell Corporation (“LifeCell” or the “Company”) being afforded to you in
      connection with your employment. We believe that it is imperative that the
      Company be able to rely upon you to continue in your position in the event
      the
      Company receives any proposal from a third party concerning a possible business
      combination with, or acquisition of equity securities of, the Company, and
      for
      the Company to be able to receive and rely upon your advice as to the best
      interests of the Company and its shareholders without concern that you might
      be
      distracted by the personal uncertainties and risks created by such a proposal.
      Accordingly, we wish to provide you with certain benefits following your loss
      of
      employment after or by reason of a Change in Control. 

    

    Change
      in Control.
      (a)
      Upon the occurrence of a “Trigger Event” (as defined below), you shall be
      entitled to receive payments in an aggregate amount equal to the “Twelve Month
      Amount” (as defined below). Payment of the Twelve Month
      Amount shall be conditioned upon your execution, delivery, and non-revocation
      of
      a general release agreement in a form satisfactory to LifeCell (the “Release”).
      Among other things, the Release shall include a general release of LifeCell,
      its
      affiliates and their respective officers, directors, managers, members,
      shareholders, partners, employees and agents from all liability and such other
      terms deemed necessary by LifeCell for its protection. The Twelve Month
      Amount shall be payable in equal installments over a twelve (12) month period,
      in accordance with LifeCell’s customary payroll practices, commencing on the
      next regular paydate following the 8th
      day
      after your execution and delivery of the Release to LifeCell; provided, however,
      if necessary to comply with the restriction in Section 409(A)(a)(2)(B) of the
      Internal Revenue Code of 1986, as amended (the “Code”) concerning payments to
“specified employees,” the installment payments of the Twelve Month Amount will
      commence on the first regular paydate of the seventh month following the date
      of
      the Trigger Event. 

    

    (b)   
            “Trigger Event” shall mean either (i) termination
      of your employment with the Company or any successor at any time during the
      period beginning (3) three months prior to the effective date of a Change in
      Control and ending twelve (12) months after the Change in Control, other than
      a
“Termination for Cause” by the Company or termination of your employment by you
      without “Good Reason” during such period, or (ii) termination of employment by
      you after failure of the Company or such successor to acknowledge or assume
      in
      writing the obligations to you set forth in your severance arrangement and
      this
      letter agreement after request by you. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c)    
            The “Twelve Month
      Amount” shall mean one (1) times the Base Amount (less applicable withholdings
      and customary payroll deductions). The “Base Amount” shall mean the annualized
      base salary that you are earning immediately prior to the Change in Control.
      

    

    (d)      
         Upon
      a
      Change in Control, all stock options shall immediately become vested and
      exercisable by you for a period of the longer of the exercise period in effect
      immediately prior to the Change in Control or the period ending (90) days after
      the effective date of the Change in Control.

    

    (e)          
      Subject
      to your execution, delivery, and non-revocation of the Release, if you timely
      elect COBRA coverage and provided that you continue to make contributions to
      such continuation coverage equal to your employee contribution amount to medical
      insurance in effect immediately preceding the Trigger Event, LifeCell or its
      successor shall waive the remaining portion of your healthcare continuation
      payments under COBRA during the twelve (12) month period following the Trigger
      Event, unless you become eligible to obtain alternate healthcare coverage from
      a
      new employer before the twelve (12) month anniversary of the Trigger Event,
      in
      which case LifeCell’s or its successor’s obligation under this subsection (e)
      shall cease. You understand and affirm that you are obligated to inform LifeCell
      (or its successor) if you become eligible to obtain alternate healthcare
      coverage from a new employer before the twelve (12) month
      anniversary of the Trigger Event. 

    

    (f)        
        Notwithstanding
      the foregoing, if the independent certified accountants of the Company notify
      you in writing within 15 days of a Trigger Event that payment of the Twelve
      Month Amount and the other benefits hereunder would cause such payments to
      be
      nondeductible by the Company because of Section 280G of the Internal Revenue
      Code, the benefits and payments hereunder shall be reduced to the minimum extent
      necessary so that all benefits and payments payable hereunder are deductible
      under Section 280G of the Code (with you having the election, in your sole
      discretion, as to which and how much of the payments and benefits hereunder
      shall be reduced (or, with respect to the Twelve Month Amount,
      returned)).

    

    (g)       
        A “Change in Control" shall be deemed to have occurred
      if:

    

    (i)
      Any
      person, firm or corporation acquires directly or indirectly the Beneficial
      Ownership (as defined in Section 13(d) of the Securities Exchange Act of 1934,
      as amended) of any voting security of the Company and immediately after such
      acquisition, the acquirer has Beneficial Ownership of voting securities
      representing 50% or more of the total voting power of all the then-outstanding
      voting securities of the Company; or

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (ii)
      the
      individuals (A) who, as of the date hereof constitute the Board of Directors
      of
      the Company (the "Original Directors") or (B) who thereafter are elected to
      the
      Board of Directors of the Company (the "Company Board") and whose election,
      or
      nomination for election, to the Company Board was approved by a vote of at
      least
      2/3 of the Original Directors then still in office (such Directors being called
      "Additional Original Directors") or (C) who are elected to the Company Board
      and
      whose election or nomination for election to the Company Board was approved
      by a
      vote of at least 2/3 of the Original Directors and Additional Original Directors
      then still in office, cease for any reason to constitute a majority of the
      members of the Company Board; or

    

    (iii)
      The
      stockholders of the Company shall approve a merger, consolidation,
      recapitalization or reorganization (or consummation of any such transaction
      if
      stockholder approval is not sought or obtained), other than any such transaction
      which would result in more than 66% of the total voting power represented by
      the
      voting securities of the surviving entity outstanding immediately after such
      transaction being Beneficially Owned by holders of outstanding voting securities
      of the Company immediately prior to the transaction, with the voting power
      of
      each such continuing holder relative to such other continuing holders being
      not
      altered substantially in the transaction; or

    

    (iv)
      The
      stockholders of the Company shall approve a plan of complete liquidation of
      the
      Company or an agreement for the sale, lease or disposition by the Company of
      all
      or a substantial portion of the Company's assets (i.e.,
      50% or
      more in value of the total assets of the Company) other than to a subsidiary
      or
      affiliate.

    

    (h)       
        “Good
      Reason” means (i) a failure of the Company or its successors without your prior
      consent to pay you any amounts due to you or to fulfill any other material
      obligations to you (after 30 days written notice to cure), (ii) action by the
      Company or its successor that results in a material diminution without your
      prior consent in your duties and responsibilities (other than isolated actions
      not taken in bad faith and that are remedied by LifeCell or its successor within
      30 days after receipt of written notice thereof given by you), as determined
      by
      balancing (A) any increase or decrease in the scope of your duties and
      responsibilities against (B) any increase or decrease in the relative sizes
      of
      the business, activities or functions (or portions thereof) for which you have
      responsibility, provided, however, that none of (I) a change in your title,
      or
      (II) a change in the hierarchy, either individually or in the aggregate shall
      be
      considered Good Reason, (iii) any material decrease in your Base Amount, or
      (iv)
      any move of the offices of the Company or its successor without your consent
      such that you would be required to commute more than 50 miles more each way
      than
      you currently commute.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (i)     
           “Termination
      for Cause” means a termination of your employment by the Company or its
      successor for “cause”. For purposes of this letter, “cause” means your (i)
      conviction of, guilty plea to or confession of guilt of any crime that
      constitutes a felony or a criminal act involving moral turpitude, (ii)
      commission of a fraudulent, illegal, or dishonest act in respect of LifeCell,
      (iii) willful misconduct or gross negligence that reasonably could be expected
      to be injurious in the reasonable discretion of LifeCell or its successor to
      the
      business, operations, or reputation of LifeCell or its successor (monetarily
      or
      otherwise), (iv) material violation of LifeCell’s policies or procedures in
      effect from time to time; provided, however, to the extent such violation is
      subject to cure, such violation shall not constitute “cause” unless you fail to
      cure such violation within a reasonable time after written notice thereof,
      (v)
      material failure to perform your duties as assigned to you from time to time;
      provided, however, to the extent such failure is subject to cure, you will
      have
      a reasonable opportunity to cure such non-performance after written notice
      thereof, (vi) a material violation of the terms of the Confidentiality,
      Inventions and Discoveries and Non-Competition Agreement dated June __, 2006
      or
      any other agreement (now or hereafter in effect) pertaining to confidential
      information, developments, inventions, discoveries, non-solicitation, or
      non-competition, (vii) physical or mental disability that prevents your from
      performing your duties to LifeCell or its successor for a period of at least
      90
      consecutive day an any 12-month period or 120 non-consecutive days in any
      12-month period, or (viii) death. 

    

    (j)     
           The
      Company shall notify you after the Company becomes aware or anticipates that
      a
      Change in Control is likely to take place.

    

    (k)    
           This
      Agreement is binding on the Company and its successors and assigns (including
      but not limited to any purchaser of all or substantially all of the assets
      of
      the Company as defined in (g)(iv) above). If the Company or its successors
      do
      not timely make all payments owed to you, whether due hereunder or otherwise
      due
      to you, and you retain counsel to enforce your rights to payment, the Company
      and its successors or assigns shall also be obligated to reimburse you for
      all
      reasonable attorneys fees incurred in collecting amounts due to you.

    

    (l)      
          This
      Agreement shall not affect any rights of the Company or you prior to a Change
      in
      Control or any of your rights granted in any other agreement, plan or
      arrangements, except that if you receive all payments hereunder, you shall
      not
      be entitled to receive any payments or benefits under your severance arrangement
      with the Company, if any. The rights, duties and benefits provided hereunder
      shall only become effective upon a Change in Control. Nothing in this Agreement
      shall alter your status as an “at-will” employee. If your employment by the
      Company is terminated for any reason prior to the date three months prior to
      the
      effective date of a Change in Control, this Agreement shall thereafter be of
      no
      further force and effect. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Kindly
      sign your name at the end of this letter to signify your understanding and
      acceptance of these terms.

    

    

    
      	 	
              Sincerely,

            
	 	 
	 	 
	 	
              James
                G. Foster, Chair

            
	 	
              Compensation
                Committee

            
	 	 

    

    Accepted:

     

    __________________________

    Young
      C.
      McGuinn

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