Document:

EX-10.1

 Exhibit 10.1 
 AMENDMENT NO. 3 TO EMPLOYMENT AGREEMENT OF 
 ARTHUR G. DAUBER

 Arthur G. Dauber (“Employee”) and American Electric Technologies, Inc. (“Company”) entered into an
Employment Agreement with a term commencing on January 1, 2010 and ending on December 31, 2011 (the “Agreement”). The Agreement was amended by Amendment No. 1 dated November 29, 2010 (the “First Amendment”).
The Agreement was further amended by Amendment No. 2 dated November 6, 2012 (the “Second Amendment”). 
 The
parties to the Agreement desire to further amend the Agreement in the following particulars: 
 1. The term of the Agreement will
end on December 31, 2015 (“Expiration Date”). 
 2. Paragraph 2. Nature of Duties of the Agreement is deleted in
its entirety and the following is substituted therefore. 
  

	 	2.	Nature of Duties. 

 a. If
I am so elected by the Board of Directors of the Company, I will serve as Chairman of the Board of Directors of the Company for the remainder of calendar year 2013 and calendar year 2014. My responsibilities will include serving as Chairman of the
Board of Directors and managing the international joint ventures agreed to by me and the CEO. I will also perform special projects as agreed to by me and the CEO of the Company. 

b. I shall devote 1,000 hours of my business time in 2014 and 800 hours of my business time in 2015 to the performance of my duties for
the Company, which I shall perform faithfully and to the best of my ability. I shall be subject to the Company’s policies, procedures and approval practices as generally in effect from time to time. 

 3. Paragraph 4. Compensation and Related Matters of the Agreement is deleted in its entirety
and the following is substituted therefor. 
  

	 	4.	Compensation and Related Matters. 

  

									
	 	  	2014	 	  	2015	 
	 Base Salary
	  	$	130,000	  	  	$	130,000	  
	 Expected Bonus
	  	 	1% of EI	  	  	 	1% of EI	  
	 Total Expected Compensation
	  	$	130,000 + 1% of EI	  	  	$	130,000 + 1% of EI	  

 a. Within ninety (90) days after the end of each fiscal year of Company, I will be paid an
Expected Bonus in an amount equal to 1% of the amount reported by the Company on its “consolidated statement of operations” on the line styled “Equity income from foreign joint ventures’ operations”(“EI”).

 b. Automobile Allowance. The Company shall provide an automobile, or shall provide to me an automobile allowance equal
to $600.00 per month during 2014 and 2015. 
  

	 	c.	Standard Benefits. During my employment, I shall be entitled to continue to participate in all executive benefit plans and programs, including paid vacations,
and other benefits generally available to other similarly situated Company executives in accordance with the terms of those plans and programs and applicable law. The Company shall have the right to terminate or change any such plan or program at
any time. Provided however that I shall be entitled to take 3 weeks paid vacation in 2014 and four weeks in 2015. I shall also be entitled to Health and Life insurance benefits not to exceed cost to the Company of $600 per month in 2014 and 2015,
plus in each year the cost of my annual physical examinations. 

  

	 	d.	Indemnification. The Company shall extend to me the same indemnification arrangements as are generally provided to other similarly situated Company executives,
including after termination of my employment. 

	 	e.	Expenses. I shall be entitled to receive prompt reimbursement for all reasonable and customary travel and business expenses I incur in connection with my
employment, but I must incur and account for those expenses in accordance with the policies and procedures established by the Company. 

  

	 	f.	Sarbanes-Oxley Act Loan Prohibition. To the extent that any Company benefit, program, practice, arrangement, or this Agreement would or might otherwise result in
my receipt of an illegal loan (“Loan”), the Company shall use reasonable efforts to provide me with a substitute for the Loan that is lawful and of at least equal value to me. If this cannot be done, or if doing so would be
significantly more expensive to the Company than making the Loan, the Company need not make the Loan to me or provide me substitute for it. 

  

	 	4.	Either party may terminate this agreement as to the 2015 calendar year by giving written notice to that effect to the other party not earlier than Sept 1, 2014 and not
later than October 1, 2014. 

 Except as hereby specifically amended by the earlier Amendments and by this
Third Amendment, the Agreement shall be and remain in full force and effect. 
 Executed at Houston, Texas, this
    28            day of May, 2013. 
  

							
	Employee:	 		  	American Electric Technologies, Inc.
		 		  		  	
	/s/ Arthur G. Dauber	 		  		  	/s/ Casey Crenshaw
		 		  		  	
	  
	 		  		  	
	 Arthur G. Dauber
	 		  	By:	  	  

		 		  		  	 Casey Crenshaw, Chairman of the Compensation

		 		  		  	 CommitteeEX-10.1

 Exhibit 10.1 
 

 
 May 30, 2013 
 VIA PERSONAL DELIVERY 
 Karen McGinnis 

Re: Offer of Employment at Mad Catz Interactive, Inc. and Mad Catz, Inc. 

Dear Karen: 
 Mad Catz Interactive, Inc.
(“MCII”) is pleased to offer you the position of Chief Financial Officer of MCII and Mad Catz, Inc., reporting directly to the Chief Executive Officer. 
 Compensation 
 You will be compensated with a salary payable every two weeks in the amount
of $275,000 annualized. 
 In addition to the base salary, you are eligible to participate in the Company’s management bonus plan with a
target bonus of 50% of your salary. Any bonus shall be paid around July of each year. Any bonus for partial year’s work will be pro-rated for the time worked. 
 This is an exempt position. 
 Note that all compensation is subject to normal withholdings. The
regular pay day for employees is every other week on Friday. 
 In addition, subject to Board of Director’s approval, you may receive stock
options following the start of your employment. Management will recommend to the Board of Directors that you receive 200,000 stock options following your start date. These stock options, if issued, will be valued at the closing price the day before
the Compensation Committee of the Board of Directors formally approves the grant of the options. The options will be issued pursuant to Mad Catz’ Stock Option Plan and will vest according to the schedule set by the Board of Directors.

 Your first ninety (90) days of employment with Mad Catz are considered an Introductory Period. At the end of your Introductory Period,
you may receive a review by your Supervisor. If your Supervisor does not contact you regarding your review, it is your responsibility to contact him or her. Completion of the Introductory Period does not guarantee continued employment at Mad Catz,
nor does it alter your status as an at-will employee. 
 Policies and Benefits 
 As an employee of Mad Catz, you will be provided with a copy of the Mad Catz Employee Policy and Procedure Manual and will be responsible to abide by all policies and procedures contained therein and as
updated by the Company from time to time. You will also receive a copy of all applicable insurance booklets, which outline our benefits programs. We are extremely proud of the Mad Catz benefits package and hope you will take the time to review this
feature rich package. You are eligible for benefits 

  
 

 

 

 
  

 described therein on the first day of the month following your first thirty (30) days of
employment. Any questions regarding Mad Catz’ policies, benefits administration or eligibility, should be directed to Human Resources. 

Our workers’ compensation carrier is Chubb Insurance Group, policy number 717374818. The carrier is located at P.O. Box 30850 Los Angeles, CA,
90030, 213-612-0880. 
 You agree that in the event that the Company believes that you owe money to the Company at the time of termination of
your employment (e.g., flex medical benefits, loans, salary advances, unpaid employee purchases, etc.), that the Company shall have the unfettered right to set-off such amounts against any amount owed to you by the Company, including but not limited
to, amounts owed for salary, PTO, etc. You will be entitled to 4 weeks of PTO per year. 
 At-Will Employment 

If you choose to accept this offer, you agree that your employment is “at-will.” As an at-will employee you agree and understand that you or Mad
Catz can terminate the employment relationship at any time, for any reason. Your at-will status cannot be modified by oral agreement; any modification to your at-will status must be in writing. 

Confidentiality and Authorization to Work 

As a condition of employment, you will be required to sign an Agreement Relating to Employee Confidentiality, Non-Disclosure and Assignment of Inventions,
Patents, Ideas and Discoveries. You should also note that you will be required to show proof of citizenship, permanent residency in the U.S., or authorization to work in the U.S. within three business days of your date of hire. 

Reference Check 
 This offer is made
subject to satisfactory reference checks from previous employers. 
 Agreement 
 This Agreement supersedes any and all previous proposals, representations or statements, oral or written. Any previous agreements between the parties pertaining to the subject matter of this Agreement are
expressly terminated. 
 Acceptance 
 To indicate your acceptance of this offer, please sign below and return this letter to Mad Catz by June 7, 2013. If you accept this offer, your start date will be June 10, 2013. This letter
along with the Mad Catz Employee Manual which you will receive at the start of employment, set forth the terms of your employment. 

  
 

 

 

 
  

 Welcome to Mad Catz. We hope you agree that you have a great contribution to make to the industry by way
of Mad Catz, and that you will find working here a rewarding experience. 
 Very truly yours, 

/s/ DARREN RICHARDSON 
 Darren Richardson 
 President & CEO 

Agreed to and Accepted by: 
  

					
	    /s/ Karen McGinnis	 		 	    May 30, 2013
	Karen McGinnis	 		 	    Date

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