Document:

imax-ex1041_102.htm

 

 

IMAX CORPORATION

Exhibit 10.41

 

AMENDMENT TO EMPLOYMENT AGREEMENT

This AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) dated as of August 2, 2019 is entered into by and between IMAX CORPORATION, a corporation organized under the laws of Canada (the “Company”), and PATRICK MCCLYMONT (the “Executive”).

WHEREAS, the Company and the Executive wish to amend that certain Employment Agreement between them dated as of June 6, 2016 (the “Agreement”), as hereinafter set forth.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, the parties hereto agree as follows:

1.Term.  Section 2 of the Agreement is hereby amended by deleting the first sentence thereof in its entirety and replacing it with the following:  

“The Executive’s employment pursuant to this Agreement shall be effective as of August 8, 2016 (the “Effective Date”), and shall terminate upon the earlier to occur of (i) the Executive’s termination of employment pursuant to Section 4 hereunder and (ii) November 8, 2019 (the “End Date”).”

2.No Further Changes. Except with respect to the change made by Section 1 above, all of the terms and conditions of the Agreement remain in full force and effect.

3.Counterparts. This Amendment may be executed by either of the parties hereto in counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument.

IN WITNESS WHEREOF, the Company and the Executive have duly executed this Amendment as of August 2, 2019.

 

						
	
IMAX CORPORATION 
	
 
	
 
	
 
	
PATRICK MCCLYMONT

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
By:
	
/s/ Kenneth Weissman
	
 
	
 
	
 
	
/s/ Patrick McClymont

	
Name:
	
Kenneth Weissman
	
 
	
 
	
 
	
 

	
Title:
	
SVP, Legal Affairs and
	
 
	
 
	
 
	
 

	
Corporate Secretary
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
By:
	
/s/ Carrie Lindzon-Jacobs
	
 
	
 
	
 
	
 

	
Name:
	
Carrie Lindzon-Jacobs
	
 
	
 
	
 
	
 

	
Title:
	
Chief Human Resources Officer and
	
 
	
 
	
 
	
 

	
Executive Vice Presidentimax-ex1042_103.htm

 

 

IMAX CORPORATION

Exhibit 10.42

 

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

This SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (the “Second Amendment”) dated as of October 21, 2019 is entered into by and between IMAX CORPORATION, a corporation organized under the laws of Canada (the “Company”), and PATRICK MCCLYMONT (the “Executive”).

WHEREAS, the Company and the Executive wish to amend that certain Employment Agreement between them dated as of June 6, 2016, as previously amended by an Amendment to Employment Agreement dated as of August 2, 2019 (collectively, the “Agreement”), as hereinafter set forth.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, the parties hereto agree as follows:

1.Term.  Section 2 of the Agreement is hereby amended by deleting the first sentence thereof in its entirety and replacing it with the following:  

“The Executive’s employment pursuant to this Agreement shall be effective as of August 8, 2016 (the “Effective Date”), and shall terminate upon the earlier to occur of (i) the Executive’s termination of employment pursuant to Section 4 hereunder and (ii) December 8, 2019 (the “End Date”).”

2.No Further Changes. Except with respect to the change made by Section 1 above, all of the terms and conditions of the Agreement remain in full force and effect.

3.Counterparts. This Second Amendment may be executed by either of the parties hereto in counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument.

IN WITNESS WHEREOF, the Company and the Executive have duly executed this Second Amendment as of October 21, 2019.

 

									
	
IMAX CORPORATION 
	
 
	
 
	
 
	
PATRICK MCCLYMONT

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
By:
	
/s/ Robert D. Lister
	
 
	
 
	
 
	
/s/ Patrick McClymont

	
Name:
	
Robert D. Lister
	
 
	
 
	
 
	
 

	
Title:
	
Chief Legal Officer,
	
 
	
 
	
 
	
 

	
Senior Executive Vice President
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
By:
	
/s/ Kenneth I. Weissman
	
 
	
 
	
 
	
 

	
Name:
	
Kenneth I. Weissman
	
 
	
 
	
 
	
 

	
Title:
	
Senior Vice President,
	
 
	
 
	
 
	
 

	
Legal Affairs & Corporate SecretaryExhibit 4.3

   

  Hartshorne Mining Group, LLC

  LG&E/KU Contract No. J18001

  Amendment No. 2

   

  Pursuant to 17 CFR 229.601(b)(2)(ii), confidential information (indicated by [***]) has been omitted from this exhibit because it is both not material and would
    likely cause competitive harm to the registrant if publicly disclosed.

   

  AMENDMENT NO. 2 TO COAL SUPPLY AGREEMENT 

   

  THIS AMENDMENT NO. 2 TO COAL SUPPLY AGREEMENT (“Amendment No. 2”) is entered into, effective as of October 1, 2019, by and between
    Louisville Gas and Electric Company (“LG&E”) and Kentucky Utilities Company (“KU”), each a Kentucky corporation, with a common address at 220 West Main Street, Louisville, Kentucky 40202 (LG&E and KU are each individually sometimes herein
    called a “Buyer”), and Hartshorne Mining Group, LLC, a Delaware limited liability company, with an address at 6724 E. Morgan Avenue, Suite B, Evansville, Indiana 47715 (herein called the “Seller”).

   

  In consideration of the agreements herein contained, the parties hereto agree as follows.

   

  		A.	AMENDMENTS

   

  The Coal Supply Agreement heretofore entered into by the parties, dated effective as of October 15, 2015, identified by Contract Number J18001, as amended
    by that certain Amendment No. 1 to Coal Supply Agreement, dated effective May 19, 2016 (“Amendment No. 1”), is hereby amended as set forth below (the October 15, 2015 Coal Supply Agreement and as amended by Amendment No. 1 and as amended by this
    Amendment No. 2 are hereafter collectively referred to as the “Agreement”).

   

  		B.	INVOICES, BILLING AND PAYMENT

   

  B.1       §9.2 Invoice Procedures for Coal Shipments is hereby deleted in its entirety and replaced with the following new §9.2:

   

  “§9.2 Invoice Procedures for Coal Shipments. By the [***] working day of the month following the Delivery Month (the “Payment Month”), the Buyer
    will provide Seller with a price calculation for all coal loaded at the Barge Delivery Point(s) during the Delivery Month plus any tonnage difference between Seller’s loading weight and the final payment weight that occurred during the Delivery Month
    (the “Weight True-Up”) based on the applicable Base Price, and taking into account all quality price adjustments provided for in Section 8 (the “Buyer’s Statement”). By the [***] day of the Payment Month the Seller will provide Buyer with its invoice
    for all coal loaded at the Barge Delivery Point(s) during the Delivery Month plus any Weight True-Up and taking into account all quality adjustments for coal unloaded for the Delivery Month as provided in §8.2 (the “Monthly Invoice”).”

   

  B2       §9.3 Payment Procedures for Coal Shipments is hereby deleted in its entirety and replaced with the following new §9.3:

  
    1

    
      
 

  

  

  Hartshorne Mining Group, LLC

  LG&E/KU Contract No. J18001

  Amendment No. 2

   

  “§9.3 Payment Procedures for Coal Shipments. For all coal loaded at the Barge Delivery Point(s) between the [***] and [***] days
    of any Delivery Month plus any Weight True-Up, Buyer shall make a “Preliminary Payment” of one-hundred percent (100%) of the Base Price for such coal (based on the assumption that the coal will meet all Guaranteed Monthly Weighted Average parameters)
    by the [***] day of such Delivery Month. All Preliminary Payments shall be calculated based solely on the then-current Base Price on a dollar-per-ton basis. By the [***] day of the Payment Month, Buyer will pay for all coal loaded at the Barge Delivery
    Point(s) between the [***] and the last day of any Delivery Month plus any Weight True-Up and taking into account all quality adjustments for coal unloaded for the Delivery Month as provided in §8.2 above.

   

  For example, Buyer will make a Preliminary Payment by [***] for coal loaded at Barge Delivery Point(s) between [***] through [***] plus
    any Weight True-Up. On or before the [***] working day of September, Buyer will provide Seller with the Buyer’s Statement. On or before the [***] day of September, the Seller shall provide Buyer the Monthly Invoice for all coal loaded by Seller at the
    Barge Delivery Point(s) plus any Weight True-Up in August plus any quality adjustments for coal unloaded in August. The Monthly Invoice for August, to the extent it is verified by Buyer, less the August Preliminary Payment will be paid by the [***] day
    of September. In every case referenced in this section for payment, if a specific day is not a banking day and regular work day for Buyer, payment shall be made on the next regular work day for Buyer. Buyer shall electronically transfer funds to
    Seller’s Account based on the account information (including Bank name, ABA number and Account number) provided in writing, in a form reasonably acceptable to Buyer, prior to the first (1st) Shipment under this Agreement. Seller reserves the right to modify such account information on prior written notice reasonably acceptable to Buyer.”

   

  		C.	STATUS OF AGREEMENT

   

  As amended hereby, the Agreement is hereby ratified and confirmed and shall continue in full force and effect.

   

  [Signature Page Follows]

  
    2

    
      
 

  

  Hartshorne Mining Group, LLC

  LG&E/KU Contract No. J18001

  Amendment No. 2

  

    IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be duly executed as of the day and year first written above.

   

  

  	BUYER:	 	SELLER:	 
	 	 	 	
	LOUISVILLE GAS AND ELECTRIC COMPANY	 	HARTSHORNE MINING GROUP, LLC
	 	 	 	 	 
	By:	/s/ David Sinclair	 	By:	/s/ David W. Gay
	 	 	 	 	 
	Name: 	David Sinclair	 	Name:	David W. Gay
	 	 	 	 	 
	Title:	V.P. Energy Supply and Analysis	 	Title:	President and Chief Executive Officer
	 	 	 	 	 
	Date:	October 23, 2019	 	Date:	October 21, 2019

   

  	KENTUCKY UTILITIES COMPANY	 
	 	 	 
	By:	/s/ David Sinclair	 
	 	 	 
	Name:	David Sinclair	 
	 	 	 
	Title:	V.P. Energy Supply and Analysis	 
	 	 	 
	Date:	October 23, 2019	 

    

  3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00301-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00301-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00301-of-00352.parquet"}]]