Document:

Exhibit 10.1

Exhibit 10.1

INDEMNIFICATION AGREEMENT

This Indemnification Agreement (this “Agreement”), dated as of                     , is made by and
between Pike Electric Corporation, a Delaware corporation (the “Company”) and                      (the
“Indemnitee”).

WHEREAS, the Indemnitee is a member of the Company’s Board of Directors (the “Board”) and, as
a member of the Board, performs a valuable service for the Company;

WHEREAS, it is important that the Company retain and attract qualified and capable individuals
to serve on the Board;

WHEREAS, the Company and the Indemnitee understand the risks of litigation and other legal
proceedings currently facing directors of public corporations and the related exposure of directors
to liability for the expenses associated with such litigation and other legal proceedings;

WHEREAS, the Company’s by-laws (the “Bylaws”) provide for the indemnification of the Company’s
directors and provide that any rights to such indemnification are non-exclusive to any other rights
to which the Company’s directors may be entitled under any agreement;

WHEREAS, Section 145 of the Delaware General Corporation Law (the “DGCL”) under which the
Company is organized, empowers the Company to indemnify its directors by agreement and to indemnify
persons who serve, at the request of the Company, as the directors or agents of other corporations
or enterprises, and expressly provides that the indemnification provided by Section 145 is not
exclusive;

WHEREAS, the parties have determined that contractual indemnification as set forth herein is
reasonable and prudent and that such indemnification promotes stability on the Board, and therefore
promotes the best interests of the Company and its stockholders;

WHEREAS, the Company desires that the Indemnitee serve or continue to serve as a director of
the Company free from undue concern for damages and expenses arising out of or related to such
services to the Company; and

WHEREAS, the Indemnitee is willing to serve, continue to serve or to provide additional
service for or on behalf of the Company on the condition that he or she is furnished the indemnity
and right to advancement of expenses provided for herein.

 

 

 

NOW, THEREFORE, in consideration of the above premises and of director’s continued service as
a member of the Board, the parties hereto agree as follows:

1. Indemnification.

(a) Subject to the limitations set forth in this Agreement, the Company shall indemnify and
hold harmless, to the fullest extent permitted by applicable law as it presently exists or may
hereafter be amended, the Indemnitee if the Indemnitee was or is made or is threatened to be made a
party to or is otherwise involved in any pending, threatened or
completed action, suit, arbitration, alternative dispute resolution proceeding, investigation,
administrative hearing, or other proceeding, whether by or in the right of the Employer, any other
Company, or any other person or entity, whether civil, criminal, administrative or investigative (a
“Proceeding”) by reason of the fact that the Indemnitee is or was a director of the Company or is
or was serving at the request of the Company as a director of another company or of a partnership,
joint venture, trust, nonprofit entity, or other enterprise, including service with respect to
employee benefit plans, against all liability and loss suffered and expenses (including attorneys’
fees) reasonably incurred by the Indemnitee or on behalf of the Indemnitee.

(b) The indemnification provided by this Section 1 shall include all expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred
by the Indemnitee or on the Indemnitee’s behalf in connection with any Proceeding and any appeal
therefrom, provided however, that the Indemnitee acted in good faith and in a manner the Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe the Indemnitee’s conduct
was unlawful.

(c) The termination of any Proceeding by judgment, order, settlement, conviction, or upon a
plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the
Indemnitee did not act in good faith and in a manner which the Indemnitee reasonably believed to be
in or not opposed to the best interests of the Company, and, with respect to any criminal action or
proceeding, had reasonable cause to believe that the Indemnitee’s conduct was unlawful.

2. Advancement of Expenses. Subject to the limitations set forth in this Agreement,
the Company shall pay the expenses (including reasonable attorneys’ fees) incurred by the
Indemnitee in defending any Proceeding in advance of its final disposition, provided, however, that
such advancement of expenses shall be made only upon receipt of an undertaking by the Indemnitee,
substantially in a form approved by the Company, to repay all amounts advanced if it shall
ultimately be determined that the Indemnitee is not entitled to be indemnified therefor.

3. Repayment of Expenses. The Indemnitee agrees to reimburse the Company for all
reasonable expenses advanced under Section 2 in the event and only to the extent it shall
ultimately be determined by a final adjudication that the Indemnitee is not entitled to be
indemnified by the Company for such expenses.

 

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4. Claims for Indemnification or Advancement; Determination of Eligibility.

(a) Any claim by the Indemnitee for indemnification or advancement of expenses under this
Agreement shall be made in a writing delivered to the Company, setting forth in reasonable detail
the basis for such indemnification or advancement and the amount requested, and accompanied by
appropriate documentation to support the amount so requested (or, in the case of advancement of
expenses to be incurred, the basis on which such amount is to be determined). A claim for
advancement may include future expenses reasonably expected to be incurred, provided they are
generally described in the claim, and provided that the Company shall not be required to advance
particular expenses covered by the claim until it has received
appropriate substantiation that those expenses have been incurred and are appropriately
included within the advances approved by the Company pursuant to this Section 4.

(b) Promptly upon its receipt of a written claim for advancement of expenses to which the
Indemnitee is entitled hereunder, and within sixty days after its receipt of a written claim for
indemnity to which the Indemnitee is entitled hereunder, the Company shall pay such advancement
(and any future related submissions for advancement of expenses as they are incurred) or such claim
for indemnity in full to or as directed by the Indemnitee. If and to the extent it is required by
law that the Company make any particular determination as to the Indemnitee’s eligibility to
receive such advancements or indemnity, or whether the Indemnitee has met the standards set forth
in Section 1(b) hereof, the Company shall make such determination as promptly as practicable in
good faith and in accordance with such requirements of law, and in any event within sixty days
after its receipt of the claim from the Indemnitee. In the event that the Company fails to make
such determination as to the Indemnitee’s eligibility, or makes a determination that the Indemnitee
is ineligible for indemnification or advancement of expenses hereunder, within such sixty day
period, then the Indemnitee may seek such determination from a court of competent jurisdiction. In
any such proceeding, the Company shall have the burden of proving that the Indemnitee was not
entitled to the requested indemnification or advancement of expenses, and any prior determination
by the Company to the contrary shall be to no effect and shall not be given any weight by the
court, it being the intention of the parties that any determination by the court as to the
Indemnitee’s eligibility for and entitlement to indemnification or advancement of expenses
hereunder shall be made de novo based upon the terms of this Agreement and the evidence presented
to such court.

5. Further Limitations on Indemnification. In addition to the limitations on
Indemnification set forth in Section 1(b) above, the Company shall not be obligated pursuant to
this Agreement:

(a) Claims Initiated by Indemnitee. To indemnify or advance expenses to the Indemnitee
with respect to a Proceeding initiated by the Indemnitee, except (i) for Proceedings authorized or
consented to by the Board of Directors of the Company; or (ii) in the event a claim for
indemnification or payment of expenses (including attorneys’ fees) made under this Agreement is not
paid in full within sixty days after a written claim therefor has been received by the Company, the
Indemnitee may file suit to recover the unpaid amount of such claim and, if successful in whole or
in part, shall be entitled to be paid the expense of prosecuting such claim, including attorneys’
fees. In any such action the Company shall have the burden of proving that the Indemnitee was not
entitled to the requested indemnification or payment of expenses under applicable law or this
Agreement.

 

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(b) Action for Indemnification. To indemnify the Indemnitee for any expenses incurred
by the Indemnitee with respect to any Proceeding instituted by the Indemnitee to enforce or
interpret this Agreement, unless the Indemnitee is successful in establishing the Indemnitee’s
right to indemnification in such Proceeding, in whole or in part; provided, however, that nothing
in this Section 5(b) is intended to limit the Company’s obligation with respect to the advancement
of expenses to the Indemnitee in connection with any Proceeding instituted by the Indemnitee to
enforce or interpret this Agreement, as provided in Section 4 hereof.

(c) Certain Plans and Agreements. To indemnify the Indemnitee in connection with
proceedings or claims involving the enforcement of the provisions of any employment, severance or
compensation plan or agreement that the Indemnitee may be a party to, or beneficiary of, with the
Company or any of the Company’s subsidiaries.

(d) Section 16(b). To indemnify Executive on account of any proceeding with respect
to which final judgment is rendered against Executive for payment or an accounting of profits
arising from the purchase or sale by Executive of securities in violation of Section 16(b) of the
Securities Exchange Act of 1934, as amended, any similar successor statute, or similar provisions
of state statutory law or common law.

6. Non-Exclusivity of Rights. The right conferred on the Indemnitee by this Agreement
shall not be exclusive of any other rights which the Indemnitee may have or hereafter acquire under
any statute, provision of the Company’s certificate of incorporation, the Bylaws, agreement, vote
of stockholders or disinterested directors or otherwise, or under any insurance maintained by the
Company; but such rights in the aggregate shall not entitle the Indemnitee to duplicative multiple
recoveries. The Indemnitee’s rights hereunder shall continue after Indemnitee has ceased acting as
a director of the Company and shall inure to the benefit of the heirs, executors and administrators
of the Indemnitee.

7. Savings Clause.

(a) If any provision or provisions of this Agreement shall be invalidated on any ground by any
court of competent jurisdiction, then the Company shall nevertheless indemnify the Indemnitee as to
costs, charges and expenses (including attorneys’ fees), judgments, fines and amounts paid in
settlement with respect to any action, suit or proceeding, whether civil, criminal, administrative
or investigative, including an action by or in the right of the Company, to the full extent
permitted by any applicable portion of this Agreement that shall not have been invalidated and to
the full extent permitted by applicable law.

(b) No amendment or alteration of the Company’s certificate of incorporation or the Bylaws or
any other agreement shall adversely affect the rights provided to the Indemnitee under this
Agreement.

8. Modification and Waiver. No supplement, modification or amendment of this
Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of
any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other
provision hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

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9. Successor and Assigns. All of the terms and provisions of this Agreement shall be
binding upon, shall inure to the benefit of and shall be enforceable by the parties hereto and
their respective successors, assigns, heirs, executors, administrators and legal representatives.
The Company shall require and cause any direct or indirect successor (whether by purchase, merger,
consolidation or otherwise) to all or substantially all of the business or assets of the
Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee,
expressly to assume and agree to perform this Agreement in the same manner and to the same extent
that the Company would be required to perform if no such succession had taken place.

10. Governing Law. This Agreement shall be governed exclusively by and construed
according to the laws of the State of Delaware, as applied to contracts between Delaware residents
entered into and to be performed entirely within Delaware. If a court of competent jurisdiction
shall make a final determination that the provisions of the law of any state other than Delaware
govern indemnification by the Company of its directors or former directors, then the
indemnification provided under this Agreement shall in all instances be enforceable to the fullest
extent permitted under such law, notwithstanding any provision of this Agreement to the contrary.

11. Agreement Construction. This Agreement has been negotiated at arms length and
constitutes a fair and reasonable agreement amongst the parties. No party shall be deemed to be
the drafter of this Agreement or of any particular provision or provisions, and no part of the
Agreement shall be construed against any party on the basis of that party’s identity as the drafter
of this Agreement.

12. Headings. The section and subsection headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement.

[signature page(s) follow on next page]

 

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IN WITNESS WHEREOF, this Agreement has been duly executed and delivered to be effective as of
the date first above written.

	 	 	 	 	 
	 	PIKE ELECTRIC CORPORATION

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	INDEMNITEE:

 	 
	 	By  	 	 
	 	 	Name:  	 	 

[Director Indemnification Agreement]Exhibit 10.2

Exhibit 10.2

AMENDMENT AGREEMENT

THIS AMENDMENT AGREEMENT (the “Amendment”) is dated and effective as of the 1st day of
May, 2009, by and among Pike Electric Corporation, a Delaware corporation (“Employer”) and
J. Eric Pike, an individual domiciled in the State of North Carolina (“Executive”).

Statement of Purpose

The Employer and Executive entered into an Amended and Restated Employment Agreement dated
September 24, 2008 (the “Employment Agreement”), and now desire to enter into this
Amendment to amend certain provisions of the Employment Agreement as set forth herein.

NOW, THEREFORE, in consideration of the mutual promises made herein and other good and
valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties
hereto, intending to be legally bound, hereby agree as follows:

1. Section 5.2 of the Employment Agreement is amended to insert the following sentence at end
thereof:

“In the case of group health plan, if Executive is no longer eligible to participate in the
plan, Employer may instead pay or reimburse Executive for the cost of COBRA coverage (and
upon request Executive agrees to elect such coverage), and if in the judgment of the
Employer it is impracticable or unduly burdensome to provide any other particular benefit to
Executive because of the termination of Executive’s employment, or because Executive is no
longer eligible, or because the Company has decided not to continue such benefit for its
employees generally, the Company may instead substitute a comparable benefit at no greater
cost to the Company, or may instead pay Executive an amount in cash in lieu of such benefit
that is equal to the cost to the Company of providing such benefit to Executive immediately
prior to such termination.”

2. Section 6.5(b) of the Employment Agreement is amended by deleting the phrase “North
America” and inserting in lieu thereof the phrase “the Restricted Territory (defined below)” and
further amended by inserting the following sentence as a new sentence at the end of Section 6.5(b)
of the Employment Agreement:

“As used in this Agreement, “Restricted Territory” means (i) the State of North Carolina,
(ii) the other contiguous states of the United States of America, and (iii) any other
jurisdiction in which the Company is doing or does business during Executive’s employment by
the Company.”

 

 

 

3. Section 10.7 of the Employment Agreement is amended and restated in its entirety to read as
follows:

“This Agreement and the legal relations thus created between the parties hereto shall be
governed by and construed under and in accordance with the laws of the State of North
Carolina without regard to its choice of law or conflict of law principles;
provided, that all matters with respect to Section 10.9 shall be governed by and
construed under and in accordance with the laws of the State of Delaware.”

4. Section 10.9 of the Employment Agreement is amended and restated in its entirety to read as
follows:

“(a) General. Subject to the limitations set forth in this Section 10.9, the
Employer shall indemnify and hold harmless, to the fullest extent permitted by applicable
law as it presently exists or may hereafter be amended, Executive if Executive was or is
made or is threatened to be made a party to or is otherwise involved in any pending,
threatened or completed action, suit, arbitration, alternative dispute resolution
proceeding, investigation, administrative hearing, or other proceeding, whether by or in the
right of the Employer, any other Company, or any other person or entity, whether civil,
criminal, administrative or investigative (a “Proceeding”) by reason of the fact that
Executive is or was a director, officer, employee or agent of Employer or is or was serving
at the request of the Employer as a director, officer, member, employee or agent of any
other Company or other enterprise, including service with respect to employee benefit plans,
against all cost, expense, liability and loss (including without limitation, attorney’s
fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in
settlement) reasonably incurred or suffered by Executive or on Executive’s behalf in
connection with any Proceeding and any appeal therefrom. Executive’s rights under this
Section 10.9 shall continue after Executive has ceased acting as a director, officer,
member, employee or agent of a Company and shall inure to the benefit of the heirs,
executors and administrators of Executive. The Employer’s obligation to provide the
indemnification set forth in this Section 10.9(a) shall be subject to Executive having acted
in good faith and in a manner Executive reasonably believed to be in or not opposed to the
best interests of any Company, and, with respect to any criminal action or proceeding,
having had no reasonable cause to believe Executive’s conduct was unlawful. The termination
of any Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo
contendere or its equivalent, shall not, of itself, create a presumption that Executive did
not act in good faith and in a manner which Executive reasonably believed to be in or not
opposed to the best interests of the Company, and, with respect to any criminal action or
proceeding, had reasonable cause to believe that Executive’s conduct was unlawful.

(b) Advancement of Expenses. Subject to the limitations set forth in this
Section 10.9, the Employer shall pay the reasonable expenses (including reasonable
attorneys’ fees) incurred by Executive in defending any Proceeding in advance of its final
disposition; provided, however, that such advancement of expenses shall be made only upon
receipt of an undertaking by Executive, in a form approved by the Employer, to repay all
amounts advanced if it shall ultimately be determined that Executive is not
entitled to be indemnified therefor. Executive agrees to reimburse the Employer for
all expenses advanced under this Section 10.9 in the event and only to the extent it shall
ultimately be determined by a final adjudication that Executive is not entitled to be
indemnified by the Employer for such expenses.

 

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(c) Claims for Indemnification or Advancement; Determination of Eligibility.

(i) Any claim by Executive for indemnification or advancement of expenses under
this Agreement shall be made in a writing delivered to the Employer, setting forth
in reasonable detail the basis for such indemnification or advancement and the
amount requested, and accompanied by appropriate documentation to support the amount
so requested (or, in the case of advancement of expenses to be incurred, the basis
on which such amount is to be determined). A claim for advancement may include
future expenses reasonably expected to be incurred, provided they are generally
described in the claim, and provided that the Employer shall not be required to
advance particular expenses covered by the claim until it has received appropriate
substantiation that those expenses have been incurred and are appropriately included
within the advances approved by the Employer pursuant to this Section 10.9(c).

(ii) Promptly upon its receipt of a written claim for advancement of expenses
to which Executive is entitled hereunder, and within sixty days after its receipt of
a written claim for indemnity to which Executive is entitled hereunder, the Employer
shall pay such advancement (and any future related submissions for advancement of
expenses as they are incurred) or such claim for indemnity in full to or as directed
by Executive. If and to the extent it is required by law that the Employer make any
particular determination as to Executive’s eligibility to receive such advancements
or indemnity, or whether Executive has met the standards set forth in Section
10.9(a) hereof, the Employer shall make such determination as promptly as
practicable in good faith and in accordance with such requirements of law, and in
any event within sixty days after its receipt of the claim from Executive. In the
event that the Employer fails to make such determination as to Executive’s
eligibility, or makes a determination that Executive is ineligible for
indemnification or advancement of expenses hereunder, within such sixty day period,
then Executive may seek such determination from a court of competent jurisdiction.
In any such proceeding, the Employer shall have the burden of proving that Executive
was not entitled to the requested indemnification or advancement of expenses, and
any prior determination by the Employer to the contrary shall be to no effect and
shall not be given any weight by the court, it being the intention of the parties
that any determination by the court as to Executive’s eligibility for and
entitlement to indemnification or advancement of expenses hereunder shall be made de
novo based upon the terms of this Agreement and the evidence presented to such
court.

 

3

 

(d) Limitations on Claims. In addition to the limitations on indemnification
set forth in Section 10.9(a) above, the Employer shall not be obligated pursuant to this
Agreement:

(i) To indemnify or advance expenses to Executive with respect to a Proceeding
initiated by Executive, except (i) for Proceedings authorized or consented to by the
Board of Directors of the Employer; or (ii) in the event a claim for indemnification
or payment of expenses (including attorneys’ fees) made under this Agreement is not
paid in full within sixty days after a written claim therefor has been received by
the Employer, Executive may file suit to recover the unpaid amount of such claim
and, if successful in whole or in part, shall be entitled to be paid the expense of
prosecuting such claim, including attorneys’ fees. In any such action, the Employer
shall have the burden of proving that Executive was not entitled to the requested
indemnification or payment of expenses under applicable law or this Agreement.

(ii) To indemnify Executive for any expenses incurred by Executive with respect
to any Proceeding instituted by Executive to enforce or interpret this Agreement,
unless Executive is successful in establishing Executive’s right to indemnification
in such Proceeding, in whole or in part; provided, however, that nothing in this
Section 10.9(d)(ii) is intended to limit the Employer’s obligation with respect to
the advancement of expenses to Executive in connection with any Proceeding
instituted by Executive to enforce or interpret this Agreement, as provided in
Section 10.9(c) above.

(iii) To indemnify Executive in connection with proceedings or claims involving
the enforcement of the provisions of this Agreement (other than as otherwise
specifically provided for in this Section 10.9) or any other employment, severance
or compensation plan or agreement that Executive may be a party to, or beneficiary
of, with the Employer or any other Company.

(iv) To indemnify Executive on account of any proceeding with respect to which
final judgment is rendered against Executive for payment or an accounting of profits
arising from the purchase or sale by Executive of securities in violation of Section
16(b) of the Securities Exchange Act of 1934, as amended, any similar successor
statute, or similar provisions of state statutory law or common law.

(e) Non-Exclusivity of Rights. The right conferred on Executive by this
Section 10.9 shall not be exclusive of any other rights which Executive may have or
hereafter acquire under any statute, provision of the Employer’s certificate of
incorporation or bylaws, agreement, vote of stockholders or disinterested directors or
otherwise, or under any insurance maintained by the Employer; but such rights in the
aggregate shall not entitle Executive to duplicative multiple recoveries. No amendment or
alteration of the Employer’s Certificate of Incorporation or Bylaws or any other agreement
shall adversely affect the rights provided to Executive under this Section 10.9.

 

4

 

(f) Savings Clause. If any provision or provisions of this Agreement shall be
invalidated on any ground by any court of competent jurisdiction, then the Employer shall
nevertheless indemnify Executive as to costs, charges and expenses (including attorneys’
fees), judgments, fines and amounts paid in settlement with respect to any action, suit or
proceeding, whether civil, criminal, administrative or investigative, including an action by
or in the right of the Employer, to the full extent permitted by any applicable portion of
this Agreement that shall not have been invalidated and to the full extent permitted by
applicable law.”

5. Section 10.10 of the Employment Agreement is amended to add a new subsection (c) as set
forth below:

“(c) The term “Company” means the Employer, its successors, designees and past, present and
future operating companies, divisions, subsidiaries and affiliates. “

6. Sections 11.2., 11.3 and 11.4 of the Employment Agreement are amended and restated in their
entirety to read as follows:

“11.2. Arbitration.

(a) In the event that a dispute is not settled through mediation pursuant to Section
11.1 (except with respect to disputes regarding Section 10.9 of this Agreement), the parties
shall then proceed to binding arbitration before a panel of three impartial arbitrators
unless the parties shall hereafter mutually agree in writing to have the arbitration
conducted by a single arbitrator. The arbitrator(s) shall be selected in accordance with
Section 11.4. The arbitration shall be governed by the rules of the AAA’s National Rules
for the Resolution of Employment Disputes in effect on the date of the first notice of
demand for arbitration.

(b) The arbitration hearing shall occur at a time and place convenient to the parties
in Forsyth County, North Carolina, within thirty (30) days of the date of selection or
appointment of the arbitrator(s). The arbitrator(s) shall issue written findings of fact
and conclusions of law, and an award, within fifteen (15) days of the date of the hearing
unless the parties otherwise agree. In conducting the arbitration and rendering its award,
the arbitrator(s) shall give effect to the terms of this Agreement, including the choice of
applicable law, shall give effect to any other agreement of the parties relating to the
conduct of the arbitration, and shall give effect to applicable statutes of limitations.

(c) Any claim arising out of Section 10.9, including a claim by Executive for
indemnification or advancement of expenses thereunder, shall be brought before the Court of
Chancery of the State of Delaware, which shall have exclusive jurisdiction with respect
thereto, and Executive hereby submits to the personal jurisdiction of and venue in such
court in connection with any claim or dispute arising out of Section 10.9.

 

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11.3. Damages. The costs of the arbitration, including the fees and expenses
of the arbitrators and of the AAA, shall be allocated to such parties as, and in such
proportions as, the arbitrators shall determine to be just and equitable, which
determination shall be set forth in the award. In cases of breach of contract or policy,
damages shall be limited to contract damages. Judgment upon the award of the arbitrators
may be entered by any court of competent jurisdiction.

11.4. Selection of Mediators or Arbitrators. The parties shall select the
mediator or arbitrator(s) from a panel list made available by the AAA. If the parties are
unable to agree to a mediator or arbitrator(s) within ten (10) days of receipt of a demand
for mediation or arbitration, the mediator or arbitrator(s) will be chosen by alternatively
striking from a list obtained by the Employer from AAA of five (5) mediators or fifteen (15)
arbitrators, except that where a single arbitrator rather than a three person panel is
agreed upon by the parties, the list shall be of five (5) arbitrators. Executive shall have
the first strike.”

7. The Employment Agreement, as expressly or by necessary implication amended by this
Amendment, shall remain in full force and effect, and this Amendment shall be deemed to be
incorporated into the Employment Agreement and made a part thereof. This Amendment may be executed
by facsimile or PDF and in counterparts, each of which, when so executed, shall be deemed an
original, and all such counterparts together shall constitute one and the same instrument.

[signature page follows on next page.]

 

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IN WITNESS WHEREOF, the parties have executed this Amendment, in one or more counterparts
which, taken together, shall constitute one agreement.

	 	 	 	 	 
	 	EMPLOYER:

PIKE ELECTRIC CORPORATION,

a Delaware corporation

 	 
	 	By:  	/s/ James R. Fox
 	 
	 	 	Name:  	James R. Fox 	 
	 	 	Title:  	General Counsel & Vice President of Risk
Management 	 
	 
	 	EXECUTIVE:

 	 
	 	By:  	/s/ J. Eric Pike
 	 
	 	 	Name:  	J. Eric Pike

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