Document:

EX 101 SECOND AMENDMENT TO EMPLOYMENT AGREEMENT Final

		
			SECOND AMENDMENT TO 2011 AMENDED AND 
		

		
			RESTATED EMPLOYMENT AGREEMENT
		

		
			 
		

		
			THIS SECOND AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Second Amendment”) is executed this 9th day of October, 2015, by and between Roy W. Olivier (the “Executive”) and ARI Network Services, Inc., a Wisconsin Corporation (the “Company”).
		

		
			 
		

		
			RECITALS
		

		
			 
		

		
			The Company and Executive are parties to that certain Amended and Restated Employment Agreement dated October 31, 2011 (the “2011 Employment Agreement”); and
		

		
			The initial term of the 2011 Employment Agreement expired and was extended by the execution of the First Amendment to 2011 Amended and Restated Employment Agreement with an Amendment Effective Date of February 5, 2015 (the “First Amendment”); and 
		

		
			 
		

		
			The Company and Executive now desire to further amend the 2011 Employment Agreement as set forth herein;
		

		
			 
		

		
			NOW, THEREFORE, in consideration of the promises and the mutual agreements and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the Company and Executive (collectively, “Parties” and individually, “Party”), the Parties agree as follows: 
		

			
	
			
				 1.
			Amendment to Section 1.2. The terms of Section 1.2 of the 2011 Employment Agreement are deleted in their entirety and replaced with the following terms: 

		
			 
		

			
	
			
				 1.2.
			Term.  The term of Executive’s employment with the Company pursuant to this Agreement shall commence on October 31, 2011 and shall continue until July 31, 2018 (the “Term”) unless earlier terminated by either Executive or the Company pursuant to Article III, below.  At the end of the Term, should Executive continue employment with the Company, this Agreement shall be automatically renewed for successive one (1) year periods (collectively, “Renewal Terms” and individually, “Renewal Term”) unless and until the Parties enter into a new written employment agreement regarding Executive’s continued employment or, at least thirty (30) days prior to the expiration of the Term or the then current Renewal Term, either party provides the other with a written notice of intention not to renew, in which case this Agreement shall terminate as of the end of the Term or said Renewal Term, as applicable, or this Agreement is otherwise terminated pursuant to Article III, below.

		
			 
		

		
			2.Amendment to Section 2.1.  The first sentence of Section 2.1 of the 2011 Employment Agreement is deleted in its entirety and replaced with the following three sentences:
		

		
			 
		

		
			“Commencing October 31, 2011, the Company shall pay Executive an annual salary of Two Hundred Fifty Thousand Dollars ($250,000).  Between October 31, 
		

		 

 

		2011 and August 1, 2013, Executive received additional increases to the annual salary as approved by the Compensation Committee.  Commencing August 1, 2015, the Company shall pay Executive an annual salary of Three Hundred Forty Thousand Dollars ($340,000) (“Base Salary”), payable in accordance with the normal payroll practices and schedule of the Company.”
		

		
			 
		

		
			3.Amendment to Section 2.2.  The second and third sentences of Section 2.2 of the 2011 Employment Agreement are deleted in their entirety and replaced with the following two sentences:
		

		
			 
		

		
			“Commencing with the Company’s 2016 fiscal year, the Parties acknowledge and agree that, the annualized bonus amount which Executive would be eligible to receive if one hundred percent (100%) of Executive’s Bonus Plan targets were met would be One Hundred and Ninety Thousand Dollars ($190,000).  Provided that no diminution shall be made in the foregoing 100% target levels, the Executive acknowledges and agrees that the Bonus Plan may be changed from time-to-time at the discretion of the Compensation Committee as approved by the Board.”    
		

		
			 
		

		
			4.Amendment to Section 3.2(a).  The terms of Section 3.2(a) of the 2011 Employment Agreement are deleted in their entirety and replaced with the following terms: 
		

		
			 
		

		
			(a)Section 3.1(a), Section 3.1(c) and Section 3.1(f) Termination; Section 1.2 Non-Renewal by the Company.  If Executive’s employment is terminated pursuant to Section 3.1(a), Section 3.1(c), or Section 3.1(f), above, or if the Company provides Executive with a notice of non-renewal pursuant to Section 1.2, above,  Executive or Executive’s estate shall have no further rights against the Company hereunder, except for the right to receive the following: (1) any unpaid Base Salary with respect to the period prior to the effective date of termination and (2) any earned but unpaid bonus for the fiscal year of the Company immediately preceding the effective date of termination.  With respect to a termination pursuant to Section 3.1(a) or Section 3.1(f), above, or if the Company provides Executive with a notice of non-renewal pursuant to Section 1.2, above, Executive shall also receive (1) Executive’s Base Salary, at the rate in effect at the time of termination, for twenty-four (24) months following the effective date of termination; (2) a bonus for the fiscal year of the Company in which such termination occurs, which bonus shall be equal to the average of Executive’s annual bonus received pursuant to the Company’s Bonus Plan for the three fiscal years of the Company ending prior to the effective date of termination; and (3) acceleration of all outstanding unvested options held by Executive as of the effective date of termination.  Payment of the portion of the aggregate amounts specified in subsections (1) and (2) of the immediately preceding sentence, up to the maximum amount payable pursuant to Treasury Regulations 1.409A-1(b)(9)(iii)(A) as of the date of Executive’s Termination (the “Exempt Separation Pay Amount”), shall be made in twenty-four (24) equal monthly installments following the effective date of termination.  Payment of the difference between the aggregate amounts specified in subsections (1) and (2) of second sentence of this Section 3.2(a) and the Exempt Separation Pay Amount (such difference, the “Short-
		

		 

		

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		Term Deferral Amount”) shall be paid to Executive no later than the later of: (x) the first September 15 following the Company’s fiscal year which included the effective date of termination or (y) the first March 15 following the calendar year which included the effective date of termination (the “Latest Date”).  Notwithstanding the foregoing, the payment and receipt of the benefits specified in subsections (1), (2) and (3), of that same sentence are contingent upon Executive’s execution of a written severance agreement (in a form satisfactory to the Board) containing, among other things, a general release of claims against the Company, and the rescission period of such agreement must expire, without revocation of such release, within sixty (60) days following the effective date of termination.  To the extent that payments would otherwise be paid to Executive within the sixty (60) day period following the effective date of termination, such payment(s) shall be made following Executive’s execution of such general release and the expiration of the applicable rescission period, except where the sixty (60) day period following the effective date of termination spans two different calendar years, in which case such payment(s) or benefit(s) will not be paid until the later calendar year during the sixty (60) day period.
		

		
			 
		

		
			5.This Second Amendment supersedes all prior agreements, understandings and practices concerning the matters addressed herein.  Notwithstanding the foregoing, except as amended by the First Amendment and the additional amendments specifically made by this Second Amendment, the Amended and Restated 2011 Employment Agreement shall remain in force.  
		

		
			 
		

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

		
			ARI NETWORK SERVICES, INC.
		

		
			 
		

		
			 
		

		
			By: /s/ William H. Luden, III
		

		
			William H. Luden, III
Chairman of the Board
		

		
			 
		

		
			EXECUTIVE:
		

		
			 
		

		
			 
		

		
			/s/ Roy W. Olivier
		

		
			                                                                        Roy W. Olivier
		

		
			 
		

		
			 
		

		
			14278071.2
		

		 

		

			3Exhibit 4.1

 

MIDAMERICAN ENERGY COMPANY

 

and

 

THE
BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as Trustee

__________________________

 

AMENDMENT NUMBER 1

Dated as of October 15, 2015

__________________________

 

to the

SECOND SUPPLEMENTAL INDENTURE

Dated as of April 3, 2014

 

AMENDING THE BASE INDENTURE

Dated as of September 9, 2013

 

AND

 

ESTABLISHING AND CREATING

 

3.50%
First Mortgage Bonds due 2024

 

4.40%
First Mortgage Bonds due 2044

__________________________

    	 

    	

    

AMENDMENT NUMBER 1, dated as of October 15, 2015
(this “Amendment”), between MIDAMERICAN ENERGY COMPANY, a corporation duly organized and existing under the
laws of the State of Iowa (herein called the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
a national banking association duly organized and existing under the laws of the United States of America, as Trustee (herein called
the “Trustee”), to the Second Supplemental Indenture, dated as of April 3, 2014 (the “Second Supplemental
Indenture”), between the Company and the Trustee, supplementing and amending the Indenture, dated as of September 9,
2013 (the “Base Indenture”), between the Company and the Trustee. Capitalized terms used but not defined herein
shall have the meaning assigned to such terms in the Base Indenture.

 

W I T N E S S E T H :

 

WHEREAS, the Company has heretofore executed
and delivered to the Trustee the Second Supplemental Indenture providing for the issuance of the Company’s 3.50% First Mortgage
Bonds due 2024 (the “2024 First Mortgage Bonds”) and 4.40% First Mortgage Bonds due 2044 (collectively with
the 2024 First Mortgage Bonds, the “Bonds”);

 

WHEREAS, Section 2.09 of the Second Supplemental
Indenture provides that the Company may from time to time, without the consent of the holders of the Bonds of the applicable series,
create and issue further securities having the same terms and conditions as the Bonds of such series in all respects, except for
the original issue date, offering price and, in some circumstances, the initial interest accrual date and initial interest payment
dates (such further securities, the “Additional Bonds”) and further provides that Additional Bonds of each series
issued in this manner will be consolidated with, and form a single series with, the Bonds of such series and shall thereafter be
deemed Bonds of such series for all purposes;

 

WHEREAS, the Company desires to create and issue
Additional Bonds having the same terms and conditions as the 2024 First Mortgage Bonds, except for the original issue date, offering
price, initial interest accrual date and initial interest payment date (such Additional Bonds, the “Additional 2024 First
Mortgage Bonds”), which Additional 2024 First Mortgage Bonds shall be consolidated with, and form a single series with,
the 2024 First Mortgage Bonds previously issued. The Additional 2024 First Mortgage Bonds will be known as the Company’s
“3.50% First Mortgage Bonds due 2024” and will have the terms and provisions specified in the Second Supplemental Indenture
with respect to the 2024 First Mortgage Bonds as further supplemented by this Amendment;

 

WHEREAS, the execution and delivery by the Company
of this Amendment, and the terms of the 2024 First Mortgage Bonds and Additional 2024 First Mortgage Bonds herein referred to,
have been duly authorized by the Board in or pursuant to appropriate resolutions; and

 

WHEREAS, all acts and things necessary to make
the Additional 2024 First Mortgage Bonds, when executed by the Company and authenticated and delivered by the Trustee as provided
in the Base Indenture, the valid and binding obligations of the Company and to constitute these presents a valid and binding agreement
according to its terms, have been done and performed;.

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NOW, THEREFORE, THIS AMENDMENT WITNESSETH:

 

That in consideration of the premises and of
the acceptance and purchase of the Additional 2024 First Mortgage Bonds by the holders thereof and of the acceptance of this trust
by the Trustee, the Company covenants and agrees with the Trustee, for the equal benefit of the holders of the Additional 2024
First Mortgage Bonds, as follows:

 

1. General Terms And Conditions of the Additional
Bonds

 

There are hereby authorized and established Additional
2024 First Mortgage Bonds designated the “3.50% First Mortgage Bonds due 2024” which shall be consolidated with, and
form a single series with, the 2024 First Mortgage Bonds. The Additional Bonds will initially be limited to an aggregate principal
amount of $200,000,000, and immediately after issuance of the Additional 2024 First Mortgage Bonds, the aggregate principal amount
of 2024 First Mortgage Bonds, together with the Additional 2024 First Mortgage Bonds, will be $500,000,000. The terms and conditions
of the Additional 2024 First Mortgage Bonds are the same as those of the 2024 First Mortgage Bonds as specified in the Second Supplemental
Indenture as amended by this Amendment, provided that interest shall initially begin to accrue on the Additional 2024 First
Mortgage Bonds only from October 15, 2015 and the first interest payment date therefor shall be April 15, 2016.

 

2. Construction

 

This Amendment is executed as and shall be construed
as an indenture supplemental to the Base Indenture and shall be construed in connection with and as part of the Second Supplemental
Indenture. The Second Supplemental Indenture shall be deemed to be modified as herein provided, but except as modified hereby,
the Second Supplemental Indenture shall continue in full force and effect. The Second Supplemental Indenture as modified hereby
shall be read, taken and construed as one and the same instrument.

 

Any and all notices, requests, certificates and
other instruments executed and delivered after the execution and delivery of this Amendment may refer to the Second Supplemental
Indenture without making specific reference to this Amendment, but nevertheless all such references shall be deemed to refer to
the Second Supplemental Indenture as amended hereby unless the context otherwise requires.

 

3. Effect of Headings

 

The headings herein are for convenience only
and shall not affect the construction hereof.

 

4. Successors and Assigns

 

All covenants and agreements contained in this
Amendment made by the Company shall bind its successors and assigns, whether so expressed or not.

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5. Separability

 

In case any provision in this Amendment shall
be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way
be affected or impaired thereby.

 

6. Benefits of Amendment

 

Nothing in this Amendment, express or implied,
shall give to any person, other than the parties hereto and their successors hereunder and the holders of the Additional 2024 First
Mortgage Bonds, any benefit or any legal or equitable right, remedy or claim under this Amendment.

 

7. Execution and Counterparts

 

This Amendment may be executed in multiple counterparts,
each of which shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

 

8. Trustee Not Responsible for Recitals

 

The recitals herein contained are made by the
Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation
as to the validity or sufficiency of this Amendment. The Trustee shall not be accountable for the use or application by the Company
of the Additional 2024 First Mortgage Bonds or the proceeds thereof.

 

9. Governing Law

 

This Amendment shall be governed by and construed
in accordance with the law of the State of New York (including without limitation Section 5-1401 of the New York General Obligations
Law or any successor to such statute), except to the extent that the TIA shall be applicable and except to the extent that the
law of any jurisdiction wherein any portion of the Mortgaged Property is located shall mandatorily govern the creation of a mortgage
lien on and security interest in, or perfection, priority or enforcement of the Lien of the Mortgage or exercise of remedies with
respect to, such portion of the Mortgaged Property.

 

10. Effectiveness

 

This Amendment shall become effective upon execution
by the Company and the Trustee.

 

[SIGNATURE PAGE FOLLOWS]

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IN WITNESS WHEREOF, the parties hereof have caused
this Amendment to be duly executed by their respective officers or directors duly authorized thereto, all as of the day and year
first above written.

 

	 	MIDAMERICAN ENERGY COMPANY
	 	 	 	 
	 	By:	/s/ James C. Galt
	 	 	Name:	James C. Galt
	 	 	Title:	Treasurer
	 	 	 	 
	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
	 	 	 	 
	 	By:	/s/ R. Tarnas
	 	 	Name:	R. Tarnas
	 	 	Title:	Vice President

 

[Amendment Number 1 to Second Supplemental Indenture]

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