Document:

Exhibit 10.(k)

 

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

 

THIS SECOND AMENDMENT
(the “Second Amendment”) is made effective as of the 27th day of March, 2018, between REX RADIO AND
TELEVISION, INC., an Ohio corporation (the “Corporation”) and STUART A. ROSE (the “Employee”)
under the following circumstances:

 

Recitals

 

A. The Corporation and
the Employee entered into an Employment Agreement dated June 2, 2015, as amended by the First Amendment to Employment Agreement
dated as of April 11, 2017 (the “Agreement”).

 

B. The Corporation and
the Employee desire to amend Section 4.2 (a) of the Agreement as set forth herein.

 

NOW, THEREFORE,
the undersigned hereby amend the Agreement by deleting Section 4.2(a) and replacing it in its entirety by the following provisions:

 

4.2(a).
Bonus.

 

(a) Bonus. In
addition to Employee’s salary as provided in Section 3.1, Employee shall be entitled to an annual cash and/or incentive plan
bonus computed based upon the earnings of REX American Resources Corporation (“REX”) (the “Bonus”).

 

Effective as of February
1, 2018 (“Effective Date”), for each fiscal year of REX during the Employment Period or any period of renewal, the
Employee’s Bonus shall be equal to 2.2% of the amount equal to:

 

(i) 133% of “Net
Income Attributable to REX Common Shareholders” (after tax); plus

(ii) add back of incentive
and stock compensation expense; less

(iii) a onetime cumulative
adjustment subsequent to the Effective Date of $22,000,000.

 

The Bonus shall be paid two-thirds in cash
when determined and one-third in an award of restricted stock based on the then closing price of REX common stock as of June 15
of such year vesting in one-third installments on the first three anniversaries of the grant. In the event the adjustment provided
in this Section 4(a)(iii) is not fully satisfied in Fiscal Year 2018, the balance shall be carried forward until satisfaction.
The adjustment set forth in this Section 4.2 (a)(iii) shall not be effective for Section 6.3 or 6.7 hereof.

    	 

    	

    

Except as modified by
this Second Amendment, the Agreement remains in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto
have executed this Second Amendment as of the date first set forth above.

 

	 	REX
    RADIO AND TELEVISION, INC. an Ohio corporation
	 	 	 
	 	By:	EDWARD M. KRESS
	 	 	Edward M. Kress, Secretary
	 	 	 
	 	EMPLOYEE:
	 	 	 
	 	STUART A. ROSE
	 	Stuart A. RoseExhibit 10.(l)

 

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

 

THIS SECOND AMENDMENT
(the “Second Amendment”) is made effective as of the 27th day of March, 2018, between REX RADIO AND
TELEVISION, INC., an Ohio corporation (the “Corporation”) and ZAFAR RIZVI (the “Employee”) under
the following circumstances:

 

Recitals

 

A. The
Corporation and the Employee entered into an Employment Agreement dated June 2, 2015, as amended by the First Amendment to
Employment Agreement dated as of April 11, 2017 (the “Agreement”).

 

B. The
Corporation and the Employee desire to amend Section 4.2 (a) of the Agreement as set forth herein.

 

NOW, THEREFORE,
the undersigned hereby amend the Agreement by deleting Section 4.2(a) and replacing it in its entirety by the following provisions:

 

4.2(a).
Bonus.

 

(a) Bonus.
In addition to Employee’s salary as provided in Section 3.1, Employee shall be entitled to an annual cash and/or incentive
plan bonus computed based upon the earnings of REX American Resources Corporation (“REX”) (the “Bonus”).

 

Effective as of February
1, 2018 (“Effective Date”), for each fiscal year of REX during the Employment Period or any period of renewal, the
Employee’s Bonus shall be equal to 3% of the amount equal to:

 

(i) 133% of “Net
Income Attributable to REX Common Shareholders” (after tax); plus

(ii) add back of incentive
and stock compensation expense; less

(iii) a onetime cumulative
adjustment subsequent to the Effective Date of $22,000,000.

 

The Bonus shall be paid two-thirds in cash
when determined and one-third in an award of restricted stock based on the then closing price of REX common stock as of June 15
of such year vesting in one-third installments on the first three anniversaries of the grant. In the event the adjustment provided
in this Section 4(a)(iii) is not fully satisfied in Fiscal Year 2018, the balance shall be carried forward until satisfaction.
The adjustment set forth in this Section 4.2 (a)(iii) shall not be effective for Section 6.3 or 6.7 hereof.

    	 

    	

    

Except as modified by
this Second Amendment, the Agreement remains in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto
have executed this Second Amendment as of the date first set forth above.

 

	 	 	REX
    RADIO AND TELEVISION, INC. an Ohio corporation
	 	 	 	 
	 	 	By:	EDWARD M. KRESS
	 	 	 	Edward M. Kress, Secretary
	 	 	 	 
	 	 	EMPLOYEE:
	 	 	 	 
	 	 	ZAFAR RIZVI
	 	 	Zafar RizviExhibit 10.(m)

 

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

 

THIS SECOND AMENDMENT
(the “Second Amendment”) is made effective as of the 27th day of March, 2018, between REX RADIO AND
TELEVISION, INC., an Ohio corporation (the “Corporation”) and DOUGLAS BRUGGEMAN (the “Employee”)
under the following circumstances:

 

Recitals

 

A. The Corporation and
the Employee entered into an Employment Agreement dated June 2, 2015, as amended by the First Amendment to Employment Agreement
dated as of April 11, 2017 (the “Agreement”).

 

B. The Corporation and
the Employee desire to amend Section 4.2 (a) of the Agreement as set forth herein.

 

NOW, THEREFORE,
the undersigned hereby amend the Agreement by deleting Section 4.2(a) and replacing it in its entirety by the following provisions:

 

4.2(a).
Bonus.

 

(a) Bonus. In
addition to Employee’s salary as provided in Section 3.1, Employee shall be entitled to an annual cash and/or incentive plan
bonus computed based upon the earnings of REX American Resources Corporation (“REX”) (the “Bonus”).

 

Effective as of February
1, 2018 (“Effective Date”), for each fiscal year of REX during the Employment Period or any period of renewal, the
Employee’s Bonus shall be equal to 1.5% of the amount equal to:

 

(i) 133% of “Net
Income Attributable to REX Common Shareholders” (after tax); plus

(ii) add back of incentive
and stock compensation expense; less

(iii) a onetime cumulative
adjustment subsequent to the Effective Date of $22,000,000.

 

The Bonus shall be paid two-thirds in cash
when determined and one-third in an award of restricted stock based on the then closing price of REX common stock as of June 15
of such year vesting in one-third installments on the first three anniversaries of the grant. In the event the adjustment provided
in this Section 4(a)(iii) is not fully satisfied in Fiscal Year 2018, the balance shall be carried forward until satisfaction.
The adjustment set forth in this Section 4.2 (a)(iii) shall not be effective for Section 6.3 or 6.7 hereof.

    	 

    	

    

Except as modified by this Second Amendment,
the Agreement remains in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto
have executed this Second Amendment as of the date first set forth above.

 

	 	REX
    RADIO AND TELEVISION, INC. an Ohio corporation
	 	 	 
	 	By:	EDWARD M. KRESS
	 	 	Edward M. Kress, Secretary
	 	 	 
	 	EMPLOYEE:
	 	 	 
	 	DOUGLAS BRUGGEMAN
	 	Douglas BruggemanExhibit 4.1

 

	
NUMBER
    	
 
    
	
 
    	
 
    
	
C
    	
NUMBER
    
	
 
    	
SHARES
    
	
 
    	
SEE REVERSE FOR
    
	
 
    	
CERTAIN DEFINITIONS
    
	
 
    	
CUSIP 45686J104
    

 

INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. 

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE 

COMMON STOCK

 

This Certifies that                                                                                                                                                                                

 

is the owner of                                                                                                                                                                                        

 

FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.0001 EACH OF THE COMMON STOCK OF

 

INFRASTRUCTURE AND ENERGY ALTERNATIVES,  INC.

(THE “CORPORATION”)

 

transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

 

The Corporation will be forced to redeem all of its shares of common stock if it is unable to complete a business combination within the time frame set forth in the Corporation’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time, as more fully described in the Corporation’s final prospectus dated [                        ], 2016.

 

This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar. 

 

Witness the seal of the Corporation and the facsimile signatures of its duly authorized officers.

 

	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
[Corporate Seal]
    	
 
    	
 
    
	
Secretary
    	
 
    	
Delaware
    	
 
    	
President
    

 

 

INFRASTRUCTURE AND ENERGY ALTERNATIVES,  INC.

 

The Corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof of the Corporation and the qualifications, limitations, or restrictions of such preferences and/or rights. This certificate and the shares represented thereby are issued and shall be held subject to all the provisions of the Certificate of Incorporation and all amendments thereto and resolutions of the Board of Directors providing for the issue of securities (copies of which may be obtained from the secretary of the Corporation), t o all of which the holder of this certificate by acceptance hereof assents. The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	
TEN COM
    	
—
    	
as tenants in common
    	
UNIF GIFT MIN ACT —
    	
                     Custodian                   
    
	
TEN ENT
    	
—
    	
as tenants by the   entireties
    	
 
    	
(Cust)
    	
(Minor)
    
	
JT TEN
    	
—
    	
as joint tenants with   right of survivorship and not as tenants in common
    	
 
    	
under Uniform Gifts to   Minors 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
Act
    	
                                                
    
	
 
    	
 
    	
 
    	
 
    	
(State)
    
								

 

Additional abbreviations may also be used though not in the above list.

 

For value received,                                                                      hereby sells, assigns and transfers unto

 

(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER(S) OF ASSIGNEE(S))

 

(PLEASE PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES), INCLUDING ZIP CODE, OF ASSIGNEE(S))

 

 

Shares of the capital stock represented by the within Certificate, and do hereby irrevocably constitutes and appoints

 

Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises. 

 

	
Dated:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    

NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

 

	
Signature(s) Guaranteed:
    	
 
    	
 
    
	
By
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    

 

 

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).

 

In each case, as more fully described in the Corporation’s final prospectus dated [                  ], 2016, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection with its initial public offering only in the event that the Corporation redeems the shares of common stock represented by this certificate and liquidates because it does not consummate an initial business combination by the date set forth in the Corporation’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time, or if the holder(s) seek(s) to redeem for cash his, her or its respective shares of common stock in connection with a tender offer (or proxy solicitation, solely in the event the Corporation seeks stockholder approval of the proposed initial business combination) setting forth the details of a proposed initial business combination or in connection with certain amendments to the Corporation’s Amended and Restated Certificate of Incorporation. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

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