Document:

ex_191638.htm

 

Exhibit 10.1

 

Amendment to Employment Agreement

 

This Amendment to Employment Agreement (“Amendment”) is made in the State of Arizona by and between Jennifer Streeter (“Executive”) and Isoray, Inc. a Delaware corporation (“Company”).

 

WHEREAS, the parties entered into that certain Amended and Restated Employment Agreement dated effective July 19, 2019 (the “Employment Agreement”);

 

WHEREAS, the parties desire to amend the Employment Agreement under the terms and conditions set forth in this Amendment; and

 

NOW THEREFORE, in consideration of the premises and the mutual agreements, covenants, and provisions contained in this Amendment, the parties agree and declare as follows:

 

1.      Amendment of Post-Employment Restrictions. The parties hereby amend Section 2(a) of the Employment Agreement to read as follows:

 

“(a)     Executive will faithfully and diligently serve the Company to the best of her ability in her position as both Chief Operating Officer and Vice President of Human Resources and in the performance of such other duties and responsibilities as the Company may assign to her.”

 

Furthermore, the parties hereby amend Section 3(a) of the Employment Agreement to read as follows:

 

“(a)     Salary. During the term of Executive’s employment under this Agreement, Executive will be compensated on the basis of an annual salary of $250,800.00, payable in accord with the Company’s standard payroll practices. Executive may be eligible for an increase of her annual salary as determined by the Compensation Committee and based upon metrics that will be established by the Compensation Committee in its sole discretion.”

 

2.      Employment Agreement Otherwise Remains In Effect. The parties desire and intend by this Amendment only to amend the specific terms and conditions of the Employment Agreement set forth herein, and desire and intend that the Employment Agreement and Amendment to Employment Agreement otherwise remain and continue in full force and effect.

 

3.      Entire Agreement. The parties intend for this Amendment and the Employment Agreement (as amended) to define the full extent of their legally enforceable undertakings. The parties do not intend that any representations or statements made in any prior conversations, discussions, negotiations, correspondence, or writings between them be legally enforceable, and this Amendment and the Employment Agreement (as amended) supersede all other agreements and understandings between them relating to the subject matter of each. The parties will execute and deliver to each other any and all such further documents and instruments, and shall perform any and all such other acts, as reasonably may be necessary or proper to carry out or effect the purposes of this Amendment.

 

4.      Adjudication of Amendment. If any court or arbitrator of competent jurisdiction holds that any provision of this Amendment is invalid or unenforceable, the parties desire and agree that the remaining parts of this Amendment will nevertheless continue to be valid and enforceable.

 

 

 

 

5.      Modification or Waiver of Amendment. No modification or waiver of this Amendment will be valid unless the modification or waiver is in writing and signed by all of the parties. The failure of any party at any time to insist upon the strict performance of any provision of this Amendment will not be construed as a waiver of the right to insist upon the strict performance of the same provision at any future time.

 

6.      Counterparts. This Amendment may be executed simultaneously in two or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument.

 

7.      No Rule of Strict Construction. The language of this Amendment has been approved by all of the parties, and no rule of strict construction will be applied against any party.

 

8.      Headings. The descriptive headings of the sections and subsections of this Amendment are intended for convenience only, and do not constitute parts of this Amendment.

 

9.      Governing Law. This Amendment will be construed in accord with and any dispute or controversy arising from any breach or asserted breach of this Amendment will be governed by the laws of the State of Arizona.

 

IN WITNESS WHEREOF, the parties have executed this Amendment on the dates indicated at their respective signatures below.

 

	 	DATED this 25th day of June, 2020.
	 	 
	 	 
	 	/s/ Jennifer Streeter
	 	Jennifer Streeter
	 	 
	 	 
	 	 
	 	
			DATED this 25th day of June, 2020.

			Isoray, Inc., a Delaware corporation

			
	 	 
	 	 
	 	/s/ Lori A. Woods
	 	By:	Lori A. Woods
	 	Its:	CEO

 

2ex_191639.htm

 

Exhibit 10.2

 

Second Amendment to Employment Agreement

 

This Second Amendment to Employment Agreement (“Amendment”) is made in the State of Washington by and between Michael Krachon (“Executive”) and Isoray, Inc. a Delaware corporation (“Company”).

 

WHEREAS, the parties entered into that certain Employment Agreement that Executive signed on February 6, 2019, as amended by that Amendment to Employment Agreement dated December 16, 2019 (together, the “Employment Agreement”);

 

WHEREAS, the parties desire to amend the Employment Agreement under the terms and conditions set forth in this Amendment; and

 

NOW THEREFORE, in consideration of the premises and the mutual agreements, covenants, and provisions contained in this Amendment, the parties agree and declare as follows:

 

1.      Amendment of Post-Employment Restrictions. The parties hereby amend Section 2(a) of the Employment Agreement to read as follows:

 

“(a)     Executive will faithfully and diligently serve the Company to the best of his ability in his position as Executive Vice President of Sales & Marketing and in the performance of such other duties and responsibilities as the Company may assign to him.”

 

Furthermore, the parties hereby amend Section 3(a) of the Employment Agreement to read as follows:

 

“(a)     Salary. During the term of Executive’s employment under this Agreement, Executive will be compensated on the basis of an annual salary of $267,671.25, payable in accord with the Company’s standard payroll practices. Executive may be eligible for an increase of his annual salary as determined by the Compensation Committee and based upon metrics that will be established by the Compensation Committee in its sole discretion.”

 

2.      Employment Agreement Otherwise Remains In Effect. The parties desire and intend by this Amendment only to amend the specific terms and conditions of the Employment Agreement set forth herein, and desire and intend that the Employment Agreement and Amendment to Employment Agreement otherwise remain and continue in full force and effect.

 

3.      Entire Agreement. The parties intend for this Amendment and the Employment Agreement (as amended) to define the full extent of their legally enforceable undertakings. The parties do not intend that any representations or statements made in any prior conversations, discussions, negotiations, correspondence, or writings between them be legally enforceable, and this Amendment and the Employment Agreement (as amended) supersede all other agreements and understandings between them relating to the subject matter of each. The parties will execute and deliver to each other any and all such further documents and instruments, and shall perform any and all such other acts, as reasonably may be necessary or proper to carry out or effect the purposes of this Amendment.

 

4.      Adjudication of Amendment. If any court or arbitrator of competent jurisdiction holds that any provision of this Amendment is invalid or unenforceable, the parties desire and agree that the remaining parts of this Amendment will nevertheless continue to be valid and enforceable.

 

 

 

 

5.      Modification or Waiver of Amendment. No modification or waiver of this Amendment will be valid unless the modification or waiver is in writing and signed by all of the parties. The failure of any party at any time to insist upon the strict performance of any provision of this Amendment will not be construed as a waiver of the right to insist upon the strict performance of the same provision at any future time.

 

6.      Counterparts. This Amendment may be executed simultaneously in two or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument.

 

7.      No Rule of Strict Construction. The language of this Amendment has been approved by all of the parties, and no rule of strict construction will be applied against any party.

 

8.      Headings. The descriptive headings of the sections and subsections of this Amendment are intended for convenience only, and do not constitute parts of this Amendment.

 

9.      Governing Law. This Amendment will be construed in accord with and any dispute or controversy arising from any breach or asserted breach of this Amendment will be governed by the laws of the State of Washington.

 

IN WITNESS WHEREOF, the parties have executed this Amendment on the dates indicated at their respective signatures below.

 

	 	DATED this 25th day of June, 2020.
	 	 
	 	 
	 	/s/ Michael Krachon
	 	Michael Krachon
	 	 
	 	 
	 	 
	 	DATED this 25th day of June, 2020.
	 	Isoray, Inc., a Delaware corporation
	 	 
	 	 
	 	/s/ Lori A. Woods
	 	By:	Lori A. Woods
	 	Its:	CEO

 

2ex_173956.htm

Exhibit 4.3

 

 

DESCRIPTION OF SECURITIES

REGISTERED UNDER SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

 

The following is a summary of Abraxas Petroleum Company’s (the “Company”) classes of securities registered under Section 12 of the Securities Exchange Act of 1934 and outstanding as of the end of the period covered by this report.1

 

Common Stock

 

As of March 9, 2020, we had 400,000,000 shares of common stock, par value $0.01 per share, authorized of which 168,371,367 were outstanding with approximately 900 stockholders of record.

 

Holders of our common stock are entitled to cast one vote for each share held of record on all matters submitted to a vote of stockholders and are not entitled to cumulate votes for the election of directors. Holders of our common stock do not have preemptive rights to subscribe for additional shares of common stock issued by us.’

 

Holders of our common stock are entitled to receive dividends as may be declared by the board of directors out of funds legally available for that purpose. Under the terms of our credit facility, we are prohibited from paying dividends on shares of our common stock.

 

In the event of liquidation, holders of our common stock are entitled to share pro rata in any distribution of our assets remaining after payment of liabilities, subject to the preferences and rights of the holders of any outstanding shares of preferred stock. All of the outstanding shares of our common stock are fully paid and non-assessable.

 

Preferred Stock

 

Our articles of incorporation authorize the issuance of up to 1,000,000 shares of preferred stock, par value $0.01 per share, in one or more series. The description of preferred stock set forth below and the description of the terms of a particular series of preferred stock set forth in the applicable prospectus supplement are not complete and are qualified in their entirety by reference to our articles of incorporation and to the certificate of designation relating to that series of preferred stock. The certificate of designation for any series of preferred stock will be filed with the Securities and Exchange Commission promptly after any offering of that series of preferred stock.

 

The particular terms of any series of preferred stock being offered by us under this shelf registration will be described in the prospectus supplement relating to that series of preferred stock. If so indicated in the prospectus supplement relating to a particular series of preferred stock, the terms of any such series of preferred stock may differ from the terms set forth below. The terms of the preferred stock may include:

 

•     the title of the series and the number of shares in the series;

 

•     the price at which the preferred stock will be offered;

 

•     the dividend rate or rates or method of calculating the rates, the dates on which the dividends will be payable, whether or not dividends will be cumulative or noncumulative and, if cumulative, the dates from which dividends on the preferred stock being offered will cumulate;

 

Exhibit 4.3 - 1

 

 

 

Table of Contents

 

•     the voting rights, if any, of the holders of shares of the preferred stock being offered;

 

•     the provisions for a sinking fund, if any, and the provisions for redemption, if applicable, of the preferred stock being offered;

 

•     the liquidation preference per share;

 

•     the terms and conditions, if applicable, upon which the preferred stock being offered will be convertible into our common stock, including the conversion price, or the manner of calculating the conversion price, and the conversion period;

 

•     the terms and conditions, if applicable, upon which the preferred stock will be exchangeable for debt securities, including the exchange price, or the manner of calculating the exchange price, and the exchange period;

 

•     any listing of the preferred stock being offered on any securities exchange;

 

•     whether interests in the share of the series will be represented by depositary shares;

 

•     the relative ranking and preferences of the preferred stock being offered as to dividend rights and rights upon liquidation, dissolution or the winding up of our affairs;

 

•     any limitation on the issuance of any class or series of preferred stock ranking senior or equal to the series of preferred stock being offered as to dividend rights and rights upon liquidation, dissolution or the winding up of our affairs; and

 

•     any additional rights, preferences, qualifications, limitations and restrictions of the series.

 

Exhibit 4.3 - 2

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