Document:

EX-10.3

TERMINATION AGREEMENT

Odimo Incorporated, a Delaware corporation (“Company”) and Amerisa Kornblum (“Executive”)
hereby enter into this Termination Agreement (“Termination Agreement”) agreeing as follows:

1. EMPLOYMENT AGREEMENT TERMINATED; INDEMNIFICATION AGREEMENT

(a) Employment Agreement. Executive and the Company acknowledge and agree that the
Employment Agreement dated July 12, 2004 between the Company and the Executive (the “Employment
Agreement”) is terminated subject to those provisions which the parties have agreed shall survive
the termination as set forth herein.

(b) Indemnification Agreement. Executive and the Company acknowledge and agree that
the Indemnification Agreement dated February 14, 2005 between the Executive and the Company (the
“Indemnification Agreement”) shall continue in force and effect.

2. CONSIDERATION PERIOD. Executive acknowledges that Executive was given this Termination
Agreement to consider on January 15, 2007 and that Executive has twenty-one (21) days to consider
whether to sign this Termination Agreement. Executive is hereby advised to consult an attorney
before signing this Termination Agreement. If Executive signs this Termination Agreement before
the expiration of twenty-one (21) days, he agrees that he will have done so voluntarily.

3. EFFECTIVE DATE. Executive may accept this Termination Agreement only by signing and dating
this Termination Agreement in the spaces provided and delivering the Termination Agreement to the
Company, Attention: Amerisa Kornblum, Chief Financial Officer, 14150 NW 14th Street,
Sunrise, Florida 33323 no later than Company’s normal close of business on the later of (a) the
twenty-second (22nd) day following Executive’s receipt of this Termination Agreement or
(b) if the twenty-second (22nd) day following receipt is a Saturday, Sunday or legal
holiday in the State of Florida, the next day that is not a Saturday, Sunday or legal holiday.
Time is of the essence as it pertains to this Section 3. The “Effective Date” of this Termination
Agreement shall be the eighth (8th) day after the date on which Executive signs and
delivers the Termination Agreement pursuant to this Section, so long as Executive has not revoked
the Termination Agreement pursuant to Section 4 below.

4. REVOCATION. Executive may revoke this Termination Agreement at any time within seven (7)
days after signing and delivering it to the Company by notifying the Company, Attention: Amerisa
Kornblum, Chief Financial Officer, 14150 NW 14th Street, Sunrise, Florida 33323, in
writing of Executive’s decision to revoke.

5. TERMINATION BENEFITS. Provided that Executive satisfies the conditions of this Termination
Agreement and does not revoke this Termination Agreement, the Company shall:

(a) Pay to Executive $ 50,000 on the Effective Date.

(b) Pay to Executive her unpaid salary, including any accrued amounts, through the Termination
Date. Such amount will be paid on the Effective Date.

6. STOCK OPTIONS. Executive and the Company acknowledge and agree that all stock options
granted to Executive shall be cancelled and of no further force or effect.

7. RELEASE.

(a) Subject to Executive’s right to revoke this Termination Agreement as stated above, and
subject to Executive’s rights to enforce the terms of this Termination Agreement, Executive
knowingly and voluntarily releases and forever discharges the Company, its subsidiaries, its
affiliates, subsidiaries, divisions, successors and assigns, and their current and former partners,
affiliates, owners, agents, officers, directors, employees, attorneys, successors and assigns,
individually and in their corporate capacities (“Releasees”), of and from any and all claims that
are employment related known or unknown, that Executive, her heirs, executors, administrators,
successors and assigns, have or may have as of the Termination Date, including, but not limited to,
any alleged violation of: The Age Discrimination in Employment Act of 1967; Title VII of the Civil
Rights Act of 1964; The Civil Rights Act of 1991; Sections 1981 through 1988 of Title 42 of the
United States Code; The Employee Retirement Income Security Act of 1974; The Immigration Reform and
Control Act; The Americans with Disabilities Act of 1990; The Occupational Safety and Health Act;
The Fair Credit Reporting Act; The Florida Human Rights Act; any other federal, state, local or
other civil or human rights law; or any other local, state or federal law, regulation or ordinance,
and/or public policy, contract, tort or common law. Moreover, although Executive retains the right
to file a charge of discrimination, Executive will not be entitled to receive any relief, recovery
or monies in connection with any complaint, charge or legal proceeding brought against Releasees,
including attorneys’ fees, without regard to the party or parties who have instituted any such
complaint, charge or legal proceeding, to the extent permitted by law. This release includes any
and all employment related claims known to the Executive that might exist at the Termination Date,
These rights and claims do not include any rights or claims outside her capacity as an employee
such as a lender or shareholder or which arise after the Termination Date, or any rights the
Executive has (if any) under any retirement benefit plan sponsored by Company, and do not include
any rights or claims (including, without limitation, any claims for indemnification) existing under
this Termination Agreement or the Indemnification Agreement. The Company shall continue to be
bound by the obligations set forth in Article XIII(J) of the Employment Agreement and such
provision shall remain binding and enforceable during the periods set forth therein.

(b) Subject to the Company’s rights to enforce this Agreement, the Company knowingly and
voluntarily releases and forever discharges the Executive, of and from any and all claims known to
the Company, that the Company or its successors and assigns, have or may have as of the Termination
Date. This release includes any and all claims known to the Company that might exist at the
Termination Date. These rights and claims do not include any rights or claims which arise after the
Termination Date or any rights or claims to enforce this Agreement.

8. INDEMNIFICATION/INSURANCE. To the fullest extent permitted by law and the Company’s
Certificate of Incorporation and by-laws and in addition to any rights of the Executive under the
Indemnification Agreement, the Company shall promptly indemnify the Executive for all amounts
(including without limitation, judgments, fines, settlement payments, losses, damages, costs and
expenses (including reasonable attorneys’ fees and costs) incurred or paid by the Executive in
connection with any action, proceeding, suit or investigation arising out of or relating to the
past performance by Executive of services for the Company or any of its subsidiaries or affiliates,
including as a director, officer or employee of the Company or any such subsidiary or affiliate.
The Company shall continue to cover the Executive under its Director and Officers Insurance
coverage at the same level of coverage as shall be provided, from time to time, to officers and
directors of the Company, in accordance with, and subject to the limitations of such coverage, for
a period of six (6) years beginning on the Termination Date. In the event of a covered claim, the
Company shall pay any deductible that is required under such coverage.

9. COOPERATION. Executive shall, when requested by the Company, fully cooperate with the
Company or any affiliate in effecting a smooth transition of Executive’s responsibilities to
others. Executive will promptly and fully cooperate with the Company or any affiliate and its
representatives in any dispute, litigation, arbitration, administrative or similar proceeding with
respect to claims arising from events occurring or alleged to have occurred during her employment
with the Company, including that certain litigation styled: In Re: Odimo, Inc. Securities
Litigation. If the Executive is contacted as a potential witness to any claim or in any
litigation involving the Company, the Executive will notify the Company of any such contact or
request within two (2) days after learning of it and will permit the Company to take all steps it
deems to be appropriate, if any, to prevent the Executive’s involvement, or to be present during
any such discussions. This section does not prohibit the Executive’s participation as a witness to
the extent otherwise legally required, but does require that the Executive provide the Company with
notice and the opportunity to object and/or participate. Before the Executive discloses any
Company information or engages in any other activity that could possibly violate this Agreement,
Executive shall discuss Executive’s proposed actions with the Company’s legal counsel, Charles J.
Rennert of Berman Rennert Vogel & Mandler, P.A., who will advise the Executive in writing whether
the proposed actions would violate this Agreement.

10. OBLIGATIONS AND RESTRICTED ACTIVITIES. In consideration of the benefits as set forth
herein, and other good and valuable consideration, the adequacy of which the Executive
acknowledges, the Executive, intending to be legally bound, agrees to continue to be bound by the
obligations and restrictions as set forth in Articles IX (D), (E) and (F) and XIII(B) and (J) of
the Employment Agreement and such provisions shall remain binding and enforceable during the
periods set forth therein. Defined terms as used in those Articles IX (D), (E) and (F) and XIII(B)
and (J) shall have the specific meanings as defined in the Employment Agreement.

11. GENERAL

(a) Other than as set forth herein, this Termination Agreement contains the entire agreement
of the Company with the Executive and replaces all prior and contemporaneous agreements,
communications and understandings, whether written or oral, with respect to Executive’s employment
with Company and its termination and all related matters, including the Employment Agreement except
for those provisions which the parties have agreed shall survive. The parties further agree that
no amendment or modification of this Termination Agreement shall be valid or binding upon wither of
them unless made in writing and signed by all parties hereto. Except to the extent expressly set
forth herein, this Termination Agreement does not affect ongoing rights and obligations of the
Company under the Indemnification Agreement.

(b) This Termination Agreement shall be binding upon and inure to the benefits of the parties
hereto and their respective heirs, representatives, successors, transferees and assigns forever.
This Termination Agreement shall not be assignable by the Executive but shall be freely assignable
by the Company, provided that any assignment by the Company shall expressly provide that (i) the
assignee affirmatively assumes all the obligations, duties and responsibilities imposed upon the
Company pursuant to this Termination Agreement and (ii) the Company is not in any manner relieved
of any such obligations, duties or responsibilities hereunder.

(c) The Company and the Executive intend for every provision of the Termination Agreement to
be fully enforceable. If a court with jurisdiction of this Termination Agreement determines that
all or part of any provision of this Termination Agreement is unenforceable for any reason, the
Company and the Executive intend for each remaining provision and part to be fully enforceable as
though the unenforceable provision or part had not been included in this Termination Agreement.

(d) This Termination Agreement shall be governed by and construed in accordance with the laws
of the State of Florida, without regard to the conflict of laws principles thereof.

(e) This Termination Agreement may be executed in any number of counterparts, each of which
shall constitute an original and all of which, when taken together, shall constitute one agreement.

12. EXECUTIVE’S FULL REVIEW. Executive acknowledges that she has read this entire Termination
Agreement, that he fully understands its meaning and effect, that her counsel has answered any
questions he may have, that no promises or representations have been made to him by any person to
induce him to enter into this Termination Agreement other than the express terms set forth herein,
and that she has voluntarily signed this Termination Agreement.

IN WITNESS WHEREOF, Executive and a duly authorized representative of the Company have signed
this Termination Agreement to be effective as provided herein.

	 	 	 	 	 
	ODIMO INCORPORATED	 	 
	By: /s/ Jeff Kornblum	 	EXECUTIVE
	—
	 	/s/ Amerisa Kornblum
	Name: Jeff Kornblum
	 	 	—	 
	Title: Chief Executive Officer
	 	Amerisa Kornblum

	Date: January 15, 2007
	 	Date: January 15, 2007EX-10.1

WAIVER

WAIVER (this “Waiver”) dated as of January 18, 2007, with respect to the Credit
Agreement referred to below, between The Shaw Group Inc. (the “Borrower”) and BNP Paribas,
as administrative agent (in such capacity, the “Agent”) pursuant to authority granted by
the Required Lenders.

Reference is made to the Credit Agreement dated as of April 25, 2005 among the Borrower, the
“Guarantors” party thereto, the “Lenders” party thereto and the Agent (as amended by Amendment No.
1 dated as of October 3, 2005, Amendment No. 2 dated as of February 27, 2006, Amendment No. 3 dated
as of June 20, 2006 and Amendment No. 4 dated as of October 13, 2006, and as modified and
supplemented and in effect from time to time, the “Credit Agreement”). Capitalized terms
used but not defined herein shall have their respective meanings under the Credit Agreement.

The Borrower has advised the Lenders that (i) it has not prepared and filed with the SEC
certain historical financial statements, pro forma financial statements and related notes regarding
the Westinghouse Investments that are required to be filed by the Borrower under Regulation S-X of
the Securities Act of 1933, as amended (the “Westinghouse Filing Requirement”) and (ii) it
expects to make such filing within 60 days of the date hereof. Accordingly, the Borrower has
requested the Lenders waive the Westinghouse Filing Requirement under the Credit Agreement.

In recognition of the foregoing, the Agent (acting with the written consent of the Required
Lenders) hereby waives compliance by the Borrower with any covenant in the Credit Agreement solely
to the extent that such covenant would be breached as a result of the Borrower’s failure to comply
with the Westinghouse Filing Requirement and hereby waives the requirement that the Borrower make
any representation or warranty in the Credit Agreement solely to the extent that such
representation or warranty would be false as a result of the Borrower’s failure to comply with the
Westinghouse Filing Requirement.

This Waiver shall become effective upon execution of one or more counterparts hereof by the
Borrower and by the Agent pursuant to authority granted by the Required Lenders; provided,
that this Waiver shall cease to be in effect if (but only if) the Borrower fails to comply with the
Westinghouse Filing Requirement within 60 days after the date hereof.

This Waiver contains the final and complete integration of all prior expressions by the
Borrower and the Lenders with respect to the subject matter hereof and shall constitute the entire
agreement between the Borrower and the Lenders with respect to the subject matter hereof
superseding all prior oral or written understandings. The substance of the waivers contained
herein are limited precisely as written and shall not be deemed to be a waiver of any other
provision of the Credit Agreement. Except as expressly provided herein, the Credit Agreement shall
remain unchanged and in full force and effect. This Waiver may be executed in counterparts, and
delivery of a counterpart signature page to this Waiver by facsimile shall be effective as delivery
of an original manually executed counterpart of this Waiver. This Waiver shall be governed by and
construed in accordance with the internal laws of the State of New York.

IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be duly executed and
delivered as of the day and year first above written.

THE SHAW GROUP INC.

	 	 	 
	By:

	 	/s/ Robert L. Belk
	
 
	 	 
	
 
	 	Robert L. Belk

Executive Vice President and

Chief Financial Officer

	 	 	AGENT:

BNP PARIBAS, as Agent

	 	 	 	 	 
	By:

	 	/s/ Jamie Dillon
	 	

	 	 	 

	
 
	 	Name:

Title:
	 	Jamie Dillon

Managing Director
	 
	 	 	 	 
	By:

	 	/s/ Sandy Bertram
	 	

	 	 	 

	
 
	 	Name: Sandy Bertram

Title:
	 	

Vice President

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