Document:

EX-10.1

 Exhibit 10.1 

CONFIDENTIAL TREATMENT 
  

	[***] =	Pursuant to 17 CFR 240-24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Application filed with the
Commission. 

 AMENDMENT AGREEMENT NUMBER AMEND-CW2392916 

Amendment No. 10 – Regulus Group, LLC 

This Amendment Agreement Number AMEND-CW2392916 (“Amendment”) is made and entered into this 23rd day of February, 2017
(“Amendment Effective Date”) between American Express Travel Related Services Company, Inc., a.k.a. “American Express”, a.k.a. “AMEX” (herein after “Amexco”), and Regulus Group, LLC a Delaware limited
liability company, having its principal place of business at 860 Latour Court, Napa, California 94558 (the “Vendor”). 

RECITALS 
 WHEREAS,
prior to the Amendment Effective Date, Amexco and Vendor entered into an agreement dated on or about October 25, 1999 (the “Agreement”), 

WHEREAS, prior to the Amendment Effective Date, Amexco and Vendor amended the Agreement at separate times, the first amendment made on
or about July 1, 2000 (“Amendment No. 1”), the second amendment made on or about June 1, 2002 (“Amendment No. 2”), the third amendment made on or about August 18, 2006 and identified as Amendment Number
NYC-0-06-2807 (“Amendment No. 3”), the fourth amendment made on or about November 2006 and identified as Amendment Number NYC-0-06-3581 (“Amendment No. 4”), the fifth amendment made on or about October 30, 2009 and
identified as Amendment Number NYC-0-06-2162-02 (“Amendment No. 5”) the sixth amendment made on or about March 29, 2010 and identified as Amendment Number Amend-CW170596 (“Amendment No. 6”) the seventh amendment
made on or about October 31, 2013 and identified as Amendment Number Amend-CW2268976 (“Amendment No. 7”), the eighth amendment (“Amendment No. 8”) made on or about October 27, 2016 and the ninth amendment made
on or about January 31, 2019 and identified as Amendment Number Amend-CW2428684 (collectively referred to herein as “Prior Amendments”). 

WHEREAS, Amexco and Vendor wish to amend certain of the terms as set forth in the Agreement and as set for in the Prior Amendments.

 NOW, THEREFORE, in consideration of the mutual promises and agreements set forth below, the parties agree as follows: 

 

	1.	General 

  

	1.1	If there is a conflict between the Agreement and this Amendment the terms of this Amendment shall govern. 

	1.2	If there is a conflict between the Prior Amendments and this Amendment the terms of this Amendment shall govern. 

  

	1.3	Except as otherwise modified herein, the capitalized terms used in this Amendment shall have the meaning specified in the Agreement and/or the Prior Amendments. 

 

	1.4	Except as amended herein, the remaining terms and conditions of the Agreement and the Prior Amendments shall remain in full force and effect. 

 

	1.5	The term “Comprehensive Amendment” as defined in the Prior Amendments shall refer to this Amendment. 

  

	1.6	The Schedules and Exhibits attached to this Amendment shall be deemed part of the Agreement, binding upon the parties and shall control where applicable. 

 

	1.7	All references to AMEX in the Agreement or the Prior Amendments, including without limitation references appearing within defined terms, shall be read as references to Amexco. 

AMENDED TERMS 
  

	 	1.	Notwithstanding anything herein to the contrary, Amexco may terminate, in whole or in part, this Agreement and/or any Schedule without cause upon one hundred eighty (180) days written notice. Amexco agrees
to pay Vendor for Services performed up to the effective date of termination, at the agreed upon rates. Notice of termination of any Schedule shall not be considered notice or termination of this Agreement unless specifically stated in the notice.
Notice of termination of the Agreement shall be considered termination of the Agreement and all Schedules under such Agreement unless otherwise specifically stated in the notice of termination. 

 

	 	2.	Prior Amendment Number 5, Article 34 (“Charges and Terms of Payment”), Section 34.2 is hereby deleted in its entirety and replaced with the following: 

Unless other payment terms are specified in an SOW, Provider will invoice AXP monthly in arrears, after receipt of AXP’s written
acceptance of the applicable Services performed and payment of invoices by AXP to Provider will be made via an AXP payment product. Provider will submit invoices in accordance with such method as AXP reasonably directs and any expenditure related
thereto will be borne solely by Supplier. AXP disclaims all liability associated with any errors, omissions or system failures associated with its invoice submission method. Unless otherwise specified in a SOW, all invoices, except for amounts
disputed in good faith by AXP, will be payable within [***] days of AXP’s receipt of a properly submitted invoice. No requests for cash payments shall be accepted. All payments to Provider shall be payable to Provider in the country where
it resides or where the work is performed, not to third parties or different countries.

	 	3.	Article 44, Section 44.1 is hereby amended to state as follows: 

 This Amendment
shall commence as of the Amendment Effective Date and shall continue in full force and effect thereafter unless and until the Agreement expires or is terminated as provided in Article 20 of the Agreement. Each Schedule shall become effective when
duly executed by both parties and shall continue thereafter unless terminated as permitted hereunder. Notwithstanding Article 2 Section 2.01 of the Agreement, the Term of the Agreement, as amended, shall continue until 12:00 midnight on
October 31, 2019 unless terminated earlier pursuant to Article 20 of the Agreement. 
  

	3.	Prior Amendment No. 7, Exhibit Q (Performance Standards) is hereby deleted and replaced with Amendment Exhibit X. 

  

	4.	Prior Amendment No. 7, Schedule G (Compensation and Pricing) is hereby deleted and replaced with Amendment Schedule I. 

  

	5.	Prior Amendment No. 7, Schedule H (OEI SOW) is hereby deleted and replaced by Amendment Schedule J (OEI and Keying SOW). 

  

	6.	Exhibits and Attachments: The following are attached hereto and incorporated herein by this reference: 

  

					
		 	Exhibit X	 	Performance Standards
		 	Schedule I	 	Compensation and Pricing
		 	Schedule J	 	OEI and Keying SOW

 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the day, month and year
first written above. 
  

									
	 AMERICAN EXPRESS TRAVEL

RELATED SERVICES COMPANY, INC.
	 		 	REGULUS WEST, LLC
					
	By:	 	/s/ Jim Walejko	 		 	By:	 	/s/ W. Todd Shiver
					
	Name:	 	Jim Walejko	 		 	Name:	 	W. Todd Shiver
		 	(Type or print)	 		 		 	(Type or print)
					
	Title:	 	Category Management Director	 		 	Title:	 	Executive Vice President
					
	Date:	 	February 21, 2017	 		 	Date:	 	February 21, 2017

 Exhibit X 

[*** 6 pages omitted] 

 Schedule I 

[*** 13 pages omitted] 

 Schedule J 

[*** 76 pages omitted]Exhibit

Exhibit 10.70

200 South Broad Street, 3rd Floor, Philadelphia, PA  19102

Phone:  215-875-0700
Fax:  215-546-7311

PREIT

May 8, 2013

Andrew M. Ioannou
Senior Vice President
Pennsylvania Real Estate Investment Trust
200 South Broad Street
Philadelphia, PA  19102
		
	Re:
	PREIT Services, LLC Severance Plan for Certain Officers (“Plan”)

Dear Andrew:
This letter will constitute an amendment to the Plan solely with respect to you and shall not affect the Plan in any respect as to any other past, present or future Eligible Employee.  The Executive Compensation and Human Resources Committee (the “Committee”) has approved, subject to your acceptance by signing a copy of this letter, the following amendments to the Plan applicable solely to you.  You understand that similar or dissimilar individual amendments may be entered into concurrently or from time to time hereafter with other individual employees, which amendments will not affect the Plan as applied to you.  Subject to your acceptance below, the following amendments to the Plan shall be given effect on and as of April 10, 2013:
1.    Section 3.1(c)(1) is hereby amended and restated to read in its entirety as follows:
“If Andrew M. Ioannou (“Andrew”) shall be an Eligible Employee who is eligible to receive benefits  pursuant to Section 2.3(b)(1), (2) or (3) and who executes a General Release, Andrew shall receive an amount equal to 104 Weeks of Pay.  The Company will pay this amount in a lump sum to Andrew within five days after his Termination Date.  Andrew shall also receive the “COBRA Benefits” described in Section 3.2 (which shall be paid by the successor company) and a bonus described in Section 3.4A (which shall be paid by the Company within five days after Andrew’s Termination Date).”  
2.    Section 3.4 is hereby amended by adding the following at the beginning at the first sentence thereof:
“Except as otherwise provided in Section 3.4A,”

Exhibit 10.70

3.    The following is hereby added as Section 3.4A:
3.4A.    Double Bonus.  If Andrew is eligible to receive benefits pursuant to Section 2.3(b)(1), (2) or (3), the Company, in lieu of the pro-rated bonus referred to in Section 3.4, shall pay Andrew an amount equal to the average of the last two bonuses received by Andrew prior to his Termination Date under the Company’s Incentive Compensation Opportunity Award Program [(or the compensation program for leasing officers, if applicable)] multiplied by two.  The Company shall pay such amount to Andrew within the five-day period after his Termination Date.”
4.    Except as expressly amended hereby, none of your rights or obligations or those of the Company under the Plan shall be affected hereby.  Capitalized terms used, but not defined, in this amendment shall have the meanings ascribed to such terms in the Plan.  This letter contains the entire agreement of the signatories with respect to the amendments to the Plan set forth herein.  For purposes of clarity, it is understood and agreed that (a) if the Plan shall be terminated, the amendments set forth in Sections 1, 2 and 3 of this letter shall thereupon cease to have any effect and (b) if an amendment to the Plan applicable to Eligible Employees generally shall be adopted, (i) such amendment shall be applicable to Andrew (except as provided in clause (ii)) and (ii) the terms hereof (other than the amounts payable under Sections 3.1(c) (1) and 3.4A of the Plan as set forth above) shall be amended to the extent necessary as determined by the Committee to be consistent with the amendment to the Plan so adopted, in each case without any further action by either of the parties to this letter.  Except as provided in the preceding sentence, no modification or claim of waiver of any of the provisions hereof shall be valid unless in writing and signed by the party against whom such modification or waiver is sought to be enforced.  The law of the Commonwealth of Pennsylvania shall be the controlling state law in all matters relating to this amendment (without reference to principles of conflict of laws), and shall apply to the extent it is not superseded by ERISA.
PREIT Services, LLC

By: /s/ Bruce Goldman    
ACCEPTED AND AGREED:

 /s/ Andrew M. Ioannou    
Andrew M. Ioannou

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