Document:

DFT_Q1_3.31.2015_EX 10.7.2

 Exhibit  10.7.2
SCOTT A. DAVIS
FIRST AMENDMENT TO SEVERANCE AGREEMENT
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “First Amendment”) is dated as of December 1, 2011, by and between DuPont Fabros Technology, Inc., a Maryland corporation (the “Company”), DF Property Management LLC, a Delaware limited liability company (the “LLC”), and Scott A. Davis (the “Executive”).
A.The Company and the Executive are parties to a Severance Agreement (the “Original Agreement”), dated as of March 31, 2009.
B.The parties desire to amend the Original Agreement to (i) modify certain provisions related to the death or disability of Executive, and (ii) add the LLC as a party to the agreement so that references to Executive’s employment by and services for the Company shall also include Executive’s services for the LLC.
Accordingly, the parties hereto agree as follows:
1.    Section 2.5 is hereby amended to add subsection (d) as follows:
(d)    Notwithstanding anything to the contrary in this Section 2.5, in the event of (1) Executive’s death while employed pursuant to this Agreement, or (2) Executive’s employment is terminated based on Executive’s Disability, all stock options, common stock subject to forfeiture, restricted stock units and other equity awards held by Executive at the time of his/her termination of employment that would have become vested and exercisable or free from repurchase restrictions, as applicable, during the twelve (12) month period commencing on the date of termination if Executive had remained employed during such period shall become vested and exercisable or free from such repurchase restrictions as of the Release Date.
2.    Section 3.1 of the Original Agreement is hereby amended and restated as follows:
3.1    Position.  Subject to the terms set forth herein, the LLC (or the Company, either directly or through one of its subsidiaries) agrees to employ Executive, initially in the position of Executive Vice President of Operations, and Executive hereby accepts such employment.  During the term of Executive’s employment with the LLC (or the Company, or one of its subsidiaries), Executive will devote Executive’s best efforts and substantially all of Executive’s business time and attention to the business of the LLC, the Company and its subsidiaries. References in this Agreement to Executive’s employment with the LLC also refer to Executive’s employment with the Company or one of its subsidiaries, if applicable. In no event shall the prior sentence prohibit Executive from (i) performing charitable activities; (ii) delivering lectures at educational institutions or professional or corporate associations, or (iii) any other activity approved in advance by the Company’s Chief Executive Officer (“CEO”), so long as such activities do not contravene the prior sentence. Without the prior approval of the Board, Executive shall not serve in any executive capacity or as a member of the governing board of any private or public for-profit company.
3.    Unless specifically modified herein, all other terms and conditions of the Original Agreement shall remain in effect.

IN WITNESS WHEREOF, the parties hereto have signed their names as of the day and year first above written.
DUPONT FABROS TECHNOLOGY, INC.

By:          /s/ Hossein Fateh        
  Name: Hossein Fateh
		
	Title:
	President and Chief Executive Officer

DF PROPERTY MANAGEMENT LLC

		
	By:  
	DuPont Fabros Technology, L.P.,

its Managing Member

		
	By:
	DuPont Fabros Technology, Inc.,

its General Partner

By:     /s/ Hossein Fateh    
Name: Hossein Fateh
		
	Title:
	President and Chief Executive Officer

/s/ Scott A. Davis    
Scott A. DavisDFT_Q1_3.31.2015_EX 10.7.3

Exhibit 10.7.3

Scott A. Davis
SECOND AMENDMENT TO SEVERANCE AGREEMENT 
THIS SECOND AMENDMENT TO SEVERANCE AGREEMENT (this “Second Amendment”) is dated December 12, 2012, and is between DuPont Fabros Technology, Inc., a Maryland corporation (the “Company”), DF Property Management LLC, a Delaware limited liability company (the “LLC”), and Scott A. Davis (the “Executive”). 
A.    The Company and the Executive are parties to a Severance Agreement, dated March 31, 2009, as amended by the First Amendment to Severance Agreement, dated December 1, 2011 (together, the “Agreement”). 
B.    The parties desire to amend the Agreement to modify certain provisions of the Agreement to ensure that they comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended. 
Accordingly, the parties agree as follows: 
1.Section 2.9 of the Agreement is amended by adding the following sentence to the end of such Section:
It is further the intention of the parties that all of the payments under Sections 2.3, 2.4, 2.5 and 2.10 of this Agreement satisfy, to the greatest extent possible, the exemptions from the application of Section 409A(a) of the Code provided under Treasury Regulation Sections 1.409A-1(b)(4) and 1.409A-1(b)(9), and this Agreement will be construed to the greatest extent possible as consistent with those provisions.  If not so exempt, this Agreement (and any definitions under this Agreement) will be construed in a manner that complies with Section 409A, and incorporates by reference all required definitions and payment terms.
2.Section 2.12 of the Agreement is amended by adding the following sentence to the end of such Section:
Notwithstanding the foregoing, in the event the period during which Executive may review and revoke the Release begins in one calendar year and ends in the following calendar year, the Release Date with respect to any amount payable under Section 2.3, 2.4, 2.5 or 2.10 shall be in the second calendar year, regardless of whether Executive executes the Release and the Release becomes irrevocable during the first calendar year. 
3.Section 2.13 of the Agreement is amended and restated as follows: 
2.13 General Severance Policies. The benefits provided to Executive pursuant to Sections 2.3, 2.4, 2.5 and 2.10 are in lieu of, and not in addition to, any benefits to which Executive may otherwise be entitled under any Company severance plan, policy or program;  provided, however, that if the dollar value of the benefits to which Executive would otherwise be entitled under any Company severance plan, policy or program are more favorable in the aggregate to Executive than the dollar value of the benefits provided under this Agreement, he/she will be entitled to receive the additional benefits provided under such other plan, policy or program in accordance with the terms of the plan, policy or program to the extent the dollar value of such benefits exceeds the dollar value of the benefits provided under this Agreement.  Notwithstanding the foregoing, in no 

event shall Executive’s entitlement to additional benefits under any other  Company plan, policy or program replace or be a substitute for, or change the time or form of payment of, the benefits provided under this Agreement.  
4.Unless specifically modified herein, all other terms and conditions of the Agreement shall remain in effect.

IN WITNESS WHEREOF, the parties have signed this Agreement below. 
DUPONT FABROS TECHNOLOGY, INC. 

By:    /s/ Hossein Fateh        
Name:  Hossein Fateh 
Title:      President and Chief Executive Officer 

DF PROPERTY MANAGEMENT LLC 

By:    DuPont Fabros Technology, L.P., 
its Managing Member 

By:    DuPont Fabros Technology, Inc., 
its General Partner 

By:    /s/ Hossein Fateh    
Name:     Hossein Fateh 
Title:       President and Chief 
Executive Officer 

/s/ Scott A. Davis                
Scott A. Davis10.1 - MichaelGaydaConsultingAgreement

CONSULTING SERVICES AGREEMENT

This Consulting Services Agreement (“Agreement”) is effective the 1st day of February, 2015 between Strategic Energy LLC (“Contractor”) and PBF Holding Company LLC (“Company”) in accordance with the following terms and conditions.  

1. Services.  Contractor shall perform consulting services (“Services”) related to administrative, business and financial matters and any Services incident to any of the above and any other Service reasonably required or requested by the Company from time to time during the term of this Agreement and reasonably agreed to by Contractor.  Contractor will report to a representative designated by the Company.  The schedule of the performance of the Services shall be as reasonably agreed by Contractor and the Company.  Contractor shall be provided access to Company’s IT network and Company’s W. Palm Beach, FL office during the term of this Agreement or as long as Company maintains such office, or the Contractor may work from a home office.  

2.  Fees.  Contractor’s compensation for the Services shall be a daily rate of $3,000 for days actually engaged in performing Services, with partial days prorated.  Company shall pay Contractor for a minimum of 5 days per calendar month during calendar year 2015.  Such compensation is inclusive of all taxes, wages, costs of any type and profit that are incidental to Contractor’s performance of the Services unless applicable law specifically provides for direct payment by Company.  Contractor shall be reimbursed for direct out of pocket costs, without markup, that are incurred to third party vendors for goods and services necessary for Contractor to perform the Services.  Contractor shall be reimbursed for direct out of pocket costs, without markup, for airfare while traveling for the Company.  Reimbursement for air travel shall be at first class rates for US domestic travel and at business class rates for international travel, if available, or at first class rates if business class is not available.  Contractor shall be reimbursed for all other reasonable and customary travel expenses actually incurred in the performance of the Services for the Company.  

3.  Term.  This Agreement shall be in effect from February 1, 2015 to December 31, 2016.  Either party, at any time and for any reason, may terminate the Services, in whole or in part, by the giving of no less than 10 days written notice to the other party.  For purposes of Company’s Equity Incentive Plans, Contractor shall be considered to be “rendering services” to the Company during the term of this Agreement and vesting shall continue under such Equity Incentive Plans regardless of the actual time spent providing Services in accordance with the terms of such Plans.  

4.  Billing.  During the performance of the Services, Contractor shall, at the end of each month, submit a statement for fees and expenses incurred hereunder for Services performed during the month to Company at the following address: PBF Holding Company LLC, 1 Sylvan Way, 2nd floor, Parsippany, NJ 07054-3887, Attention: CEO.  The statement shall refer to this Agreement, describe the services performed and the time incurred and shall include a copy of receipted vendors’ invoices or other supporting detail for authorized reimbursable charges, if any.  Company shall pay the amount due which is not in dispute within thirty (30) days of receipt of the statement and supporting documents.  Company may from time to time and at any time within two years of the termination of this Agreement make an audit of all of Contractor’s records related to the Services. 

5. Confidential Information.  During the performance of work under this Agreement, it may be necessary for Company to make available to Contractor confidential information.  Contractor agrees to use all such information solely for the performance of work under this Agreement and to hold all such information in confidence and not to disclose same to any third party without the prior written consent of Company.  Likewise, Contractor agrees that all information developed in connection with the work under this Agreement shall be used solely for the performance of work under this Agreement and shall be held in confidence and not disclosed to any third party without the prior written consent of Company.  Contractor agrees to sign a separate Confidentiality Agreement(s) with the Company if reasonably requested related to the Services.  

6. Limitation of Liability.  Company shall waive any claim against Contractor his heirs, successors and representatives, from and against any and all loss, damage, injury, liability and claims thereof for injury to or death of Company (including an employee of Company) or for loss of or damage to Company’s property, resulting from Contractor’s performance of this Agreement, whether or not Contractor was or is claimed to be concurrently or contributorily negligent, and regardless of whether liability without fault is imposed or sought to be imposed on Company.  Contractor shall waive any claim against Company, its parent, subsidiaries and affiliates and the agents and employees of any of them, from and against any and all loss, damage, injury, liability and claims thereof for injury to or death of Contractor (including an employee of Contractor) or for loss of or damage to Contractor’s property, resulting from Company’s performance of this Agreement, whether or not Company was or is claimed to be concurrently or contributorily negligent, and regardless of whether liability without fault is imposed or sought to be imposed on the Contractor.  To the extent permitted by applicable law, any statutory remedies inconsistent with these terms are waived by Company and Contractor.  Neither Company nor Contractor, nor their respective officers, directors, employees, consultants, or agents, shall be liable hereunder to the other in any action or claim for consequential, punitive, or special damages including, but not limited to loss of profit, loss of use, and loss of revenue.  To the extent permitted by applicable law, any statutory remedies inconsistent with these terms are waived by Company and Contractor.  

7.  Independent Contractor.  In performance of this Agreement, Contractor is an independent contractor and nothing in this Agreement or any other communication on this subject shall in any way imply that Contractor is an employee, agent, or representative of Company.  Contractor is not authorized to make decisions for the Company or bind the Company.  Although Company will specify the general nature of the Services and the goals to be met, the details of performing the Services and meeting the goals shall be determined by Contractor in Contractor’s sole discretion.  Company shall have the right to inspect and observe the performance of Services at all reasonable times.  As a result of this Agreement, Contractor will not be eligible to participate in any employee benefit plans or programs which Company maintains or to which Company makes contributions.  As a result of this Agreement, Contractor will not be entitled to any benefits from any employee benefit plans which Company maintains.  No Social Security nor unemployment insurance taxes are payable by Company on behalf of Contractor under this Agreement.  Contractor agrees to pay on a timely basis all taxes due in respect to payments under this Agreement.  This section shall survive the expiration, termination, or cancellation of this Agreement.

8. Non-Compete.  Contractor agrees that the Non-Compete Period provided for in Contractor’s prior Amended and Restated Employment Agreement dated December 17, 2012 with PBF Investments LLC shall be extended, as appropriate, to continue through the term of this Agreement and for a period of 30 days from the termination of this Agreement.  

9.  Miscellaneous.

(a) This Agreement shall be governed by the laws of the state of New York.

(b) This Agreement constitutes the entire agreement of the parties concerning the Services and may only be amended by a writing signed by both parties.

(c) If any provision hereof is found to be illegal, invalid, or unenforceable for any reason, such finding shall not affect the other provisions hereof.

(d) The waiver by one party of any breach or default hereunder by the other party shall not operate or be construed as a waiver by that party of any other or subsequent breach or default.

(e) This Agreement shall not be assigned by Contractor without the prior written consent of the Company.  

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on their behalf by their respective duly authorized representatives as set-forth below.

                    
Contractor                    Company

By: /s/ Michael D. Gayda                By: /s/ Thomas Nimbley

Title: CEO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}]]