Document:

EX-10.14

 Exhibit 10.14 

AMENDED AND RESTATED MANAGEMENT SERVICES AGREEMENT 

THIS AMENDED AND RESTATED MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is made as of May 4, 2021 (the
“Effective Date”) between Edge Systems, LLC, a California limited liability company (the “Company”), The Beauty Health Company (f/k/a Vesper Healthcare Acquisition Corp.), a Delaware corporation (“New
Parent”) and Linden Manager III LP, a Delaware limited partnership (“Linden”). Certain defined terms shall have the meanings set forth in Section 11. 

WHEREAS, the Company and Linden entered into that certain Management Services Agreement, dated as of December 1, 2016 (the
“Original Agreement”) pursuant to which Linden provided certain financial and management advisory services to the Company; 

WHEREAS, the Company is a wholly-owned subsidiary of LCP Edge Intermediate, Inc., a Delaware corporation (“Intermediate”);

 WHEREAS, Intermediate, New Parent, Hydrate Merger Sub I, Inc., a Delaware corporation, Hydrate Merger Sub II, LLC, a Delaware limited
liability company and LCP Edge Holdco, LLC, a Delaware limited liability company entered into that certain Agreement and Plan of Merger, dated as of December 8, 2020 (the “Merger Agreement”), pursuant to which, upon the
consummation of the transactions contemplated thereby, New Parent will acquire 100% of the equity interests of Intermediate; and 

WHEREAS, the Company, New Parent and Linden desire to amend and restate the Original Agreement in its entirety to make certain revisions to
the Original Agreement; 
 NOW, THEREFORE, in consideration of the foregoing premises, the respective agreements hereinafter set forth and
the mutual benefits to be derived therefrom, Linden, New Parent and the Company hereby agree as follows: 

1.    Effective Time. This Agreement shall be effective as of the Second Effective Time, as defined in the Merger
Agreement. 
 2.    Engagement. The Company hereby engages Linden as a financial and management advisor, and
Linden hereby agrees to provide certain financial and management advisory services to the Company, all on the terms and subject to the conditions set forth in this Agreement. 

3.    Services. During the Term, Linden agrees, if and as requested by New Parent from time to time, to consult
with and advise the boards of managers (or equivalent) of the Company, New Parent and their respective subsidiaries and the management of New Parent and its subsidiaries in the identification, analysis, support and negotiation of acquisitions, and
such other related services as may be reasonably requested from time to time and as may be reasonably agreed to by Linden (collectively, the “Requested Services”). 

4.    Personnel. Linden shall provide and devote to the performance of this Agreement such of its partners and
employees as Linden shall deem appropriate in its discretion for the furnishing of the services to be provided hereunder. 

5.    Transaction Fees. As compensation for the services to be provided by Linden to New Parent and its
subsidiaries hereunder, the Company shall pay to Linden a fee upon the consummation of an Add-On Acquisition (as defined herein). When and as the Company, New Parent or any of their respective subsidiaries
consummates a transaction or series of related transactions (i) in respect of which Linden has performed Requested Services and (ii) involving the acquisition of at least 50% of the equity or all or substantially all of the assets of a
business, company, product line or enterprise, whether directly or indirectly and through any form of transaction, including, without limitation, merger, reverse merger, liquidation, stock sale, asset sale, asset swap, consolidation, amalgamation, spin-off, split-off or other transaction (such transaction or series of related transactions, an “Add-On
Acquisition”), the Company shall pay to Linden and/or its designees a fee equal to 1.0% of the Acquisition Price of such Add-On Acquisition (the “Acquisition Fee”). The Acquisition
Fee payable to Linden hereunder upon the consummation of an Add-On Acquisition shall be payable in full, in cash, immediately after and conditioned upon the closing of such
Add-On Acquisition. Notwithstanding the foregoing, no transaction fee will be payable to Linden in connection with the consummation of any acquisition that constitutes a Triggering Event (as such term is
defined in the Merger Agreement). 
  

 6.    Expenses. The Company shall promptly reimburse Linden for
such reasonable travel expenses and other reasonable fees and expenses as may be incurred by Linden in connection with the rendering of services hereunder (including reasonable fees and expenses of its counsel and any other independent experts
retained by Linden). In addition, the Company shall pay and hold Linden harmless against liability for the payment of the expenses (including the fees and expenses of legal counsel or other advisors) arising in connection with (a) any proposed
or completed Add-On Acquisition or other transaction involving the Company or any of its subsidiaries, (b) any amendments or waivers (whether or not the same become effective) under or in respect of this
Agreement or the other agreements contemplated hereby (including, without limitation, in connection with any proposed Add-On Acquisition) and (c) the interpretation, investigation and enforcement of the
rights granted under this Agreement or the other agreements contemplated hereby. 
 7.    Term. This Agreement
shall be in effect for a term (the “Term”) commencing on the Effective Date and terminating on the earliest to occur of (a) the first anniversary of the Effective Date, (b) termination of this Agreement by Linden by
providing five days’ advance written notice to the Company and (c) such other time as mutually agreed by the Company and Linden in writing; provided, that, except as otherwise provided in this Section 7, no
termination of this Agreement shall affect the Company’s obligations with respect to the fees, costs and expenses incurred by Linden in rendering services hereunder and not reimbursed or otherwise paid by the Company as of the date of such
termination, and the Company shall pay to Linden all such unpaid fees, costs and expenses prior to or in connection with any such termination. In the event of the termination of this Agreement pursuant to clauses (a) or (c) of the first
sentence of this Section 7, Linden shall be entitled to the Acquisition Fee as set forth in Section 5 if, on or prior to the effective date of such termination of this Agreement, the Company, New
Parent or any of their respective subsidiaries consummates, or enters into a definitive purchase agreement which subsequently results in, an Add-On Acquisition. Any such Acquisition Fee shall be payable upon
the closing of any such Add-On Acquisition. In the event of the termination of this Agreement pursuant to clause (b) of the first sentence of this Section 7, Linden will have no
further right to receive any Acquisition Fee hereunder effective upon such termination. 
 8.    Liability.
Neither Linden nor any of its direct or indirect affiliates, partners, members, employees or agents shall be liable to the Company or its subsidiaries or affiliates for any loss, liability, damage or expense arising out of or in connection with the
performance of services contemplated by this Agreement, unless such loss, liability, damage or expense shall be proven to result directly from Linden’s gross negligence or willful misconduct. Linden makes no representation or warranty, express
or implied, in respect of the services to be provided by it hereunder. No person who is employed with, a member or partner of, or a consultant to any entity affiliated with Linden (other than the Company or any of its subsidiaries) shall have any
duty or obligation to bring any “corporate opportunity” to the Company. 
 9.    Indemnification. The
Company agrees to defend, protect, indemnify and hold harmless Linden, its partners, members, affiliates, officers, managers, directors, employees, agents, and any other persons controlling Linden or any of its affiliates, to the fullest extent
lawful, from and against any and all actions, causes of action, losses, liabilities, suits, claims, costs, damages, penalties, fees and expenses (irrespective of whether any such indemnitee is a party to the action for which indemnification
hereunder is sought), including reasonable attorneys’ fees and disbursements, incurred by the indemnitees or any of them as a result of, arising from or relating to (i) this Agreement and any performance hereunder or (ii) any
transaction to which the Company or any of its subsidiaries is a party or any other circumstance, event or development with respect to the Company or any of its subsidiaries, in each case except as a result of Linden’s gross negligence or
willful misconduct (other than an action or failure to act undertaken at the request or with the consent of New Parent or the Company). 

10.    Independent Contractor. Linden shall perform services hereunder as an independent contractor, retaining
control over and responsibility for its own operations and personnel. Neither Linden nor its directors, officers, partners, members or employees shall be considered employees or agents of the Company as a result of this Agreement, nor shall any of
them have authority to contract in the name of or bind the Company, except as otherwise expressly agreed. 

11.    Definitions. 

“Acquisition Price” means, with respect to a given Add-On Acquisition, the fair value
(as jointly determined by New Parent, the Company and Linden) of the total sale proceeds and other consideration paid or to be paid to the target company and its equityholders (or otherwise paid on their behalf, including, without limitation,
transaction related expenses) upon consummation of such Add-On Acquisition, including cash, securities, notes, consulting agreement payments, noncompete agreement payments, contingent payments (including
earnouts) and escrow amounts, plus the fair value of all liabilities assumed and all funded debt refinanced or paid off. 
  

 12.    Notices. All notices, demands and other communications to
be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given (a) when personally delivered or sent by e-mail or comparable
electronic transmission, (b) one business day following the day when deposited with a reputable and established overnight express courier (charges prepaid) or (c) five days following mailing by certified or registered mail, postage prepaid
and return receipt requested. Unless another address is specified in writing, notices, demands and communications to the Company, New Parent and Linden shall be sent to the addresses indicated below (or at such other address as shall be given in
writing by one party to the other): 
 If to Linden: 

c/o Linden LLC 
 150 North
Riverside Plaza, Suite 5100 
 Chicago, Illinois 60606 

Attn:     Brian C. Miller and Kam Shah 

Email:     bmiller@lindenllc.com and kshah@lindenllc.com 

If to the Company and New Parent: 

2165 Spring St. 
 Long Beach,
CA, 90806 
 Attn:     Executive Chairman 

Email:     Brent.saunders@vesperhealth.com 

13.    Entire Agreement; Modification. This Agreement and those documents expressly referred to herein contain the
complete and entire understanding and agreement of Linden, the Company and New Parent with respect to the subject matter hereof and supersede all prior and contemporaneous understandings, conditions and agreements, oral or written, express or
implied, respecting the engagement of Linden in connection with the subject matter hereof. The provisions of this Agreement may be amended, modified and/or waived only with the prior written consent of the Company, New Parent and Linden. 

14.    Waiver of Breach. The waiver by either party of a breach of any provision of this Agreement by the other
party shall not operate or be construed as a waiver of any subsequent breach of that provision or any other provision hereof. 

15.    Assignment. Neither Linden, the Company nor New Parent may assign its rights or obligations under this
Agreement without the express written consent of the other, except that Linden may assign its rights and obligations to any of its affiliates. 

16.    Successors. This Agreement and all the obligations and benefits hereunder shall bind and inure to the
respective successors and permitted assigns of the parties. 
 17.    Counterparts. This Agreement may be
executed and delivered by each party hereto in separate counterparts (including by means of .pdf or other electronic form), each of which when so executed and delivered shall be deemed an original and both of which taken together shall constitute
one and the same agreement. 
 18.    Choice of Law. This Agreement shall be governed by and construed in
accordance with the domestic laws of the State of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Delaware. 
 19.    Delivery by
E-mail or Other Electronic Transmission. This Agreement, the agreements referred to herein and each other agreement or instrument entered into in connection herewith or therewith, or contemplated hereby or
thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of e-mail or other electronic transmission shall be treated in all manner and respects as an original agreement or
instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any other such agreement or instrument, each other party hereto
or thereto shall reexecute original forms thereof and deliver them to all other parties. No party hereto or to any other such agreement or instrument shall raise the use of e-mail or other electronic
transmission to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a e-mail or comparable electronic transmission as a defense to
the formation or enforceability of a contract and each such party forever waives any such defense. 

 20.    MUTUAL WAIVER OF JURY TRIAL. BECAUSE DISPUTES ARISING IN
CONNECTION WITH COMPLEX TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR
DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, EACH PARTY TO THIS AGREEMENT HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY
ACTION, SUIT OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE BETWEEN THE PARTIES HERETO, WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY
AND/OR THE RELATIONSHIP ESTABLISHED AMONG THE PARTIES HEREUNDER. 

 IN WITNESS WHEREOF, the undersigned have caused this Amended and Restated Management
Services Agreement to be duly executed and delivered as of the date first above written. 
 LINDEN MANAGER III LP 

By: Linden Capital III, LLC 

Its: General Partner 

By: /s/ Brian C.
Miller                 

Name:    Brian C. Miller 

Title:      Authorized Signatory 

 
  
  

 
  

Signature page to A&R Management Services Agreement 

 EDGE SYSTEMS, LLC 

By: /s/ Kamlesh
Shah                     

Name:    Kamlesh Shah 

Its:         Vice President, Assistant Treasurer and Assistant Secretary 

THE BEAUTY HEALTH COMPANY 

By: /s/ Brenton L.
Saunders                 

Name:    Brenton L. Saunders 

Its:          Executive Chairman 

 
  
  

 
 Signature page to A&R Management Services AgreementExhibit 10.2
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EXECUTION COPY
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	February 22, 2021
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	VIA E-MAIL
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	Ms. Monica B. Silverstein (Rego)
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	monicaregohr@gmail.com
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	Re: Offer of Employment
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	Dear Ms. Silverstein (Rego):
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On behalf of Hemisphere Media Group, Inc., a Delaware corporation (the “Company”), I am pleased to offer you a position as a full time exempt Chief Human Resources Officer.  If these terms and conditions are agreeable to you, please sign and date a copy of this letter in the space provided below and return it to me. This offer of employment is conditioned on your satisfactory completion of certain requirements, as more fully explained in this letter. Your employment is subject to the terms and conditions set forth in this letter.  Certain capitalized terms used herein shall have the meaning set forth in the “Appendix” to this letter (attached hereto).
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1. Your start date, subject to the conditions herein, shall be on or about March 15, 2021.  You shall devote substantially all of your business time and efforts to the Company and its Affiliates and perform your duties and responsibilities consistent with the policies, procedures and practices of the Company.  You shall report directly to the Chief Executive Officer and the Chief Financial Officer or their designee (each a “Supervisor”) and perform such lawful duties and responsibilities as directed from time to time by the Supervisor, although you will be expected to exercise discretion and independent judgment in carrying out your job duties in the course of your employment with the Company. You shall initially perform your job duties in the Miami, FL metropolitan area; provided, that you acknowledge that your duties and responsibilities may require you to travel on business to the extent necessary to fully perform your duties and responsibilities hereunder, and in connection therewith, as reasonably required by the Company, you shall visit any reasonable location, to perform your duties hereunder.  The Company shall promptly reimburse you for your reasonable and necessary business expenses incurred in connection with performing your duties hereunder in accordance with its then-prevailing policies and procedures for expense reimbursement (which shall include appropriate itemization and substantiation of expenses incurred).
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2. Your annual base salary will be paid at a rate of $220,000 per year (“Base Salary”), payable in accordance with the Company’s applicable payroll practices as are in effect from time
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Ms. Silverstein (Rego)
February 22, 2021

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to time.  At this time, salaries are paid on a semi-monthly basis.  During your employment with the Company, you shall have the opportunity to earn an annual bonus based on your performance, which the Company may grant or withhold in its sole discretion (the “Annual Bonus”). An Annual Bonus shall be based on performance against performance criteria established by the Supervisor, subject to your continued employment with the Company through the payment of such bonus. Your target Annual Bonus shall be of 25% of your Base Salary.  For the avoidance of doubt, any Annual Bonus awarded to you in the Company’s sole discretion, shall be pro-rated for the year ending December 31, 2021.  Bonuses at the Company are usually paid by March 15 of the fiscal year following the year in which a bonus is earned.
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3. The Company shall grant to you (subject to the approval of the Company’s Board of Directors), pursuant to, and subject to, the terms of the Plan and an option grant certificate, an option (the “Option”) to purchase 15,000 shares of the Company’s Class A common stock, par value $0.0001 per share (the “Stock”). Each share of Stock subject to the Option has an exercise price equal to the fair market value of a share of Stock on the date of grant.
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4. If this offer is accepted and you begin employment with the Company, you will also be eligible to participate in such benefit programs as the Company may, in its discretion, from time to time maintain for employees of your level, including, group health, dental and vision coverage and long-term disability coverage, in accordance with and subject to the eligibility and other provisions of such plans and programs.  You will be eligible for health, dental, vision and long-term disability coverage on the first day of the calendar month immediately following your first thirty (30) days of employment.  The foregoing is a summary, and in case of inconsistencies, the terms of the plans and programs will govern.  The Company expressly reserves the right to modify, substitute or eliminate these and other benefits at any time.
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5. You will be eligible for twenty (20) vacation days per calendar year (pro-rated for any partial calendar year) and may take such vacation in accordance with Company policy.
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6. You will be expected to abide by all Company policies and will be required to acknowledge receipt of the basic employment policies handbook as well as various Company policies as are in effect from time to time.
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7. You acknowledge that in the course of your employment with the Company, you shall become familiar with the Company’s Confidential Information, including trade secrets, and that your services are of special, unique and extraordinary value to the Company. You acknowledge that the Confidential Information obtained by you while employed by the Company is the property of the Company.  Therefore, you agree that you shall not disclose to any unauthorized Person or use for your own purpose any Confidential Information without the prior written consent of the Company, unless and to the extent that the aforementioned matters become generally known to and available for use by the public other than as a result of your acts or omissions in violation of this letter.
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8. You agree that you shall not disclose the contents of this letter, except to your immediate family and your financial and legal advisors, or as may be required by law or ordered by a court.  You further agree that any disclosure to your financial or legal advisors shall
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2

Ms. Silverstein (Rego)
February 22, 2021

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only be made after such advisors acknowledge and agree to maintain the confidentiality of this letter and its terms.
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9. You further agree that you will not improperly use or disclose any Confidential Information or trade secrets, if any, of any former employers or any other Person to whom you have an obligation of confidentiality, and will not bring onto the  premises of the Company any unpublished documents or any property belonging to any former employer or any other Person to whom you have an obligation of confidentiality unless consented to in writing by the former employer or other Person.
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10. You acknowledge that all notes, memoranda, specifications, devices, formulas, records, files, lists, drawings, documents, models, equipment, property, computer, software or intellectual property relating to the businesses of the Company, in whatever form (including electronic), and all copies thereof, that are received or created by you while an employee of the Company or its subsidiaries or Affiliates (including but not limited to Confidential Information and Inventions (as defined below) are and shall remain the property of the Company, and you shall immediately return such property to the Company upon the termination of your employment for any reason and, in any event, at the Company’s request. You further agree that any property situated on the premises of, and owned by, the Company, including disks and other storage media, filing cabinets or other work areas, is subject to inspection by the Company’s personnel at any time with or without notice.
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11. You agree that the results and proceeds of your services for the Company (including, but not limited to, any trade secrets, products, services, processes, know-how, designs, developments, innovations, analyses, drawings, reports, techniques, formulas, methods, developmental or experimental work, improvements, discoveries, inventions, ideas, source and object codes, programs, matters of a literary, musical, dramatic or otherwise creative nature, writings and other works of authorship) resulting from services performed while an employee or consultant of the Company and any works in progress, whether or not patentable or registrable under copyright or similar statutes, that were made, developed, conceived or reduced to practice or learned by you, either alone or jointly with others (collectively, “Inventions”), shall be works-made- for-hire and the Company shall be deemed the sole owner throughout the universe of any and all trade secret, patent, copyright and other intellectual property rights (collectively, “Proprietary Rights”) of whatsoever nature therein, whether or not now or hereafter known, existing, contemplated, recognized or developed, with the right to use the same in perpetuity in any manner the Company determines in its sole discretion, without any further payment to you whatsoever. If, for any reason, any of such results and proceeds shall not legally be a work-made-for-hire and/or there are any Proprietary Rights which do not accrue to the Company under the immediately preceding sentence, then you hereby irrevocably assign and agree to assign any and all of your right, title and interest thereto, including any and all Proprietary Rights of whatsoever nature therein, whether or not now or hereafter known, existing, contemplated, recognized or developed, to the Company, and the Company shall have the right to use the same in perpetuity throughout the universe in any manner determined by the Company without any further payment to you whatsoever.  As to any Invention that you are required to assign, you shall promptly and fully disclose to the Company all information known to you concerning such Invention.  You hereby waive and quitclaim to the Company any and all claims, of any nature
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Ms. Silverstein (Rego)
February 22, 2021

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whatsoever, that you now or may hereafter have for infringement of any Proprietary Rights assigned hereunder to the Company.
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12.  You shall not, whether in writing or orally, malign, denigrate or disparage the Company, its respective predecessors and successors, and all of the respective current or former directors, officers, employees, shareholders, partners, members, agents or representatives of any of the foregoing, with respect to any of their respective past or present activities, or otherwise publish (whether in writing or orally) statements that tend to portray any of the aforementioned parties in an unfavorable light; provided that nothing herein shall or shall be deemed to prevent or impair you from, in the course of and consistent with his duties for the Company, making public comments which include good faith, candid discussions, or acknowledgements regarding the Company’s performance or business, or discussing other officers, directors, and employees in connection with normal performance evaluations, or otherwise testifying truthfully in any legal or administrative proceeding where such testimony is compelled, or requested or from otherwise complying with legal requirements.  You further agree to keep confidential the existence of, and any information concerning, any dispute between you and the Company, except that you may disclose information concerning such dispute to your immediate family, to the court that is considering such dispute or to your legal counsel and other professional advisors (provided that such counsel and other advisors agree not to disclose any such information other than as necessary to the prosecution or defense of such dispute).
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13. You represent, warrant and covenant that as of the date hereof: (i) you have the full right, authority and capacity to perform your obligations hereunder, (ii) you are not bound by any agreement that conflicts with or prevents or restricts the full performance of your duties and obligations to the Company hereunder and (iii) the execution and delivery of this letter shall not result in any breach or violation of, or a default under, any existing obligation, commitment or agreement to which you are subject.
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14. The Company may deduct and withhold from any amounts payable to you such Federal, state, local, non-U.S. or other taxes as are required or permitted to be withheld pursuant to any applicable law or regulation.
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15. You acknowledge that your employment will be  at-will.  This means that either you or the Company may end your employment at any time, with or without cause, and with or without notice and without any obligation to you except to pay you for your salary through the date of termination. You further acknowledge and agree that nothing is this letter is intended to or does create a contract of employment.
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16. Your employment is contingent upon a satisfactory background check (including, without limitation, pre-hire drug testing), ratification by the Company’s Board of Director and/or its Audit Committee and your having and maintaining authorization to work in the United States. The Company reserves the right to terminate your employment should you fail to possess or maintain such work authorization, or if such work authorization expires. You agree and understand that it is the policy of the Company to maintain a drug-free workplace.  You hereby consent to a pre-hire drug test as a condition to your employment.  You understand that the
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4

Ms. Silverstein (Rego)
February 22, 2021

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Company has the right, upon reasonable suspicion, to demand you immediately undergo testing for the presence of illegal or inappropriate drug usage.
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17.  For purposes of paragraphs 7, 8, 9, 10, 11 and 12 of this letter, references to the Company shall include its subsidiaries and Affiliates.
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18. You acknowledge that a violation by you of any of the provisions in paragraphs 7, 8, 9, 10, 11 and 12 would cause irreparable damage to the Company in an amount that would be material but not readily ascertainable, and that any remedy at law (including the payment of damages) would be inadequate.  Accordingly, you agrees that, notwithstanding any provision of this letter to the contrary, the Company, shall be entitled (without the necessity of showing economic loss or other actual damage) to injunctive relief (including temporary restraining orders, preliminary injunctions and/or permanent injunctions) in any court of competent jurisdiction for any actual or threatened breach of any of the covenants set forth in paragraphs 7, 8, 9, 10, 11 and 12 in addition to any other legal or equitable remedies it may have.  The preceding sentence shall not be construed as a waiver of the rights that the Company may have for damages under this letter or otherwise, and all of the Company’s rights shall be unrestricted.
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19. The Company reserves the right, at any time, to modify the terms hereof, including, without limitation, salary and benefits.  The failure of a party to insist upon strict adherence to any term of this letter on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this letter.  No failure or delay by either party in exercising any right or power hereunder will operate as a waiver thereof, nor will any single or partial exercise of any such right or power, or any abandonment of any steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. This offer letter contains the entire terms of the offer of employment extended hereunder, and supersedes all prior or contemporaneous oral or written understandings or previous offers extended by the Company.
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20. You have until Friday, February 26, 2021 to accept the terms of this offer by executing below and delivering an executed copy to the Company’s representatives; after such date, this offer set forth in this letter shall expire and be rescinded by the Company.
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21.   The rights and obligations of the parties under the provisions of this letter shall survive, and remain binding and enforceable, notwithstanding the termination of this letter, the termination of your employment or services hereunder.
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[Signature page follows]
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5

Ms. Silverstein (Rego)
February 22, 2021

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	Sincerely,

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	/s/ Craig D. Fischer

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	Craig D. Fischer

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	Chief Financial Officer

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	Accepted and agreed to
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	By:
	/s/ Monica Silverstein
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	Monica Silverstein (Rego)
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	Date: February 24, 2021
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[Signature Page to Offer Letter – Monica Silverstein (Rego)]
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6

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Appendix
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Defined Terms
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“Affiliate” means, with respect to any specified Person, any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person, provided that, in any event, any business in which the Company has any direct or indirect ownership interest shall be treated as an Affiliate of the Company.
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“Confidential Information” means information, observations and data concerning the business or affairs of the Company, including, without limitation, all business information (whether or not in written form) which relates to the Company, or its customers, suppliers or contractors or any other third parties in respect of which the Company has a business relationship or owes a duty of confidentiality, or their respective businesses or products, and which is not known to the public generally other than as a result of your breach of this letter, including but not limited to: technical information or reports; formulas; trade secrets; unwritten knowledge and “know-how”; operating instructions; training manuals; customer lists; customer buying records and habits; product sales records and documents, and product development, marketing and sales strategies; market surveys; marketing plans; profitability analyses; product cost; long-range plans; information relating to pricing, competitive strategies and new product development; information relating to any forms of compensation or other personnel-related information; contracts; and supplier lists.
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“Control” (including, with correlative meanings, the terms “Controlled by” and “under common Control with”), as used with respect to any Person, means the direct or indirect possession of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise.
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“Governmental Entity” means any national, state, county, local, municipal or other government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality.
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“Person” means any individual, firm, corporation, partnership, limited liability company, trust, joint venture, association, Governmental Entity, unincorporated entity or other entity.
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“Plan” means the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan.

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