Document:

cool_ex1051.htm

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16Employment Letter

EXHIBIT 10.1

January 5th, 2016

Dear Mark,

It is my pleasure to extend the following offer of full-time employment to you on behalf of DS Healthcare Group, Inc. This offer is contingent upon your satisfactory completion of a pre-employment confidentiality agreement, standard background check and our receipt of your identity/employment eligibility. 

Title: CFO

Reporting Relationship: You will report to Renee Barch-Niles, CEO

Start Date: Your first day of employment at the Company will be Tuesday, January 12th, 2016.

COMPENSATION PACKAGE:

Base Salary: Your starting base salary will be $185,000 on an annualized basis (subject to applicable withholdings), payable in accordance with the Company’s standard payroll practices.

Bonus: You will be offered an annual, one-time bonus based upon company performance, individual job performance and completion of assigned projects. Bonus targets will be set together with the CEO on an annual basis. The overall target for the annual bonus will be 50% of your base salary. 

Car Allowance: A $600 car allowance will be paid on a monthly basis (subject to applicable withholdings), payable in accordance with the Company’s standard payroll practices. 

Equity Grant:  DS Healthcare Group, Inc. will grant you 300,000 shares of restricted stock of the Company (NASDAQ: DSKX) that will vest every month that you are employed by the Company at a rate of 6,250 shares per month for 48 months for a total that equals 300,000 shares. Change of Control: If the Company is acquired, all 300,000 shares will automatically be vested regardless of how many months you have been employed by the Company. 

Make-Whole: Should  the block of shares issued drop below a $1 million valuation in a twelve month period following the start date, the company shall issue additional shares to the you to meet a $1 million (1,000,000) valuation. This make-whole provision will have a $3.30 per share price floor. 

Benefits: The company will cover Health, Dental, Vision and Disability insurance. You will be eligible to participate in the Company’s other benefit plans such as 401K available to other employees of the Company generally, subject to the terms and conditions of such plans as they may be amended from time to time. 

1601 Green Road Pompano Beach, FL 33064 USA

Telephone: 888-404-7770     Fax: 646-219-2572     Web: www.dslaboratories.com

Severance: Should termination of the executive by the company occur without cause in the first 12 months from the start date of the executive, the company shall pay 6 months of severance paid over six months through the company’s bi-monthly payroll. In the event that termination without cause occurs more than 12 months after the start date of the executive, the company shall pay 12 months of severance paid over 12 months through the company’s bi-monthly payroll.  

Holidays and Personal Time Off: You will be entitled to three (3) weeks of vacation time (on an annualized basis), which will accrue to you in accordance with the Company’s policies. You may use such personal time off at a time or at times which do not unreasonably interfere with your duties to the Company and the Company’s business. In addition, you will be eligible for same the same number of paid holidays (10 days for 2016) and sick days as offered generally to employees of the company in accordance with Company policy.

Proprietary Information, Intellectual Property and Non-Competition Agreement:

As a condition of your employment with the company, you will be asked to sign the company’s standard confidentiality, invention assignment and Non-compete agreement (the “proprietary Information Agreement”). A copy of this agreement is attached for your review. Please review the Proprietary Information Agreement and be prepared to sign a copy on your first day of work. 

You acknowledge that this offer letter, along with the Proprietary Information Agreement, any Company plan documents governing applicable benefits and applicable Company policies, may be amended from time to time in accordance with their respective terms. 

If you are in agreement with the above, please indicate your acceptance of this employment offer from the Company by signing where indicated below and returning it to Renee Barch-Niles in person or by email at Renee@dslaboratories.com.

Mark, you are joining DS Healthcare at a very exciting time of evolution and we are confident that you will be an outstanding contributor for the long-term development of our growing organization. I look forward to welcoming you to the Executive Leadership Team and having you join the DS Healthcare family. 

Sincerely,

Renee Barch-Niles

Chief Executive Officer

DS Healthcare Group, Inc.

1.646.373.1738 direct • renee@dslaboratories.com

AGREED AND ACCEPTED BY:

/s/ Mark Brockelman

Mark Brockelman 

January 11, 2016

Date 

1601 Green Road Pompano Beach, FL 33064 USA

Telephone: 888-404-7770     Fax: 646-219-2572     Web: www.dslaboratories.comEX-10.1

 Exhibit 10.1 

Execution Version 
 TENTH
AMENDMENT 
 THIS TENTH AMENDMENT (this “Amendment”) is dated as of January 8, 2016, among PENN VIRGINIA
HOLDING CORP. (the “Borrower”), PENN VIRGINIA CORPORATION (the “Parent”), the other Credit Parties party hereto, the lenders party hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION, as the Administrative Agent (in
such capacity, the “Administrative Agent”). 
 WITNESSETH: 

WHEREAS, the Parent, the Borrower, the lenders party thereto and the Administrative Agent entered into the Credit Agreement dated as of
September 28, 2012, as heretofore amended (as amended, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”); 

WHEREAS, the Borrower has requested that the Majority Lenders make certain amendments to the Credit Agreement as set forth herein and subject
to the terms and conditions set forth herein. 
 NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein
contained, the parties to this Amendment hereby agree as follows: 

Section 1.        Defined Terms. Except as may otherwise be provided herein, all
capitalized terms that are defined in the Credit Agreement shall have the same meanings herein as therein defined, all of such terms and their definitions being incorporated herein by reference. 

Section 2.        Amendments to Credit Agreement. The Credit Agreement is hereby amended
as follows: 
 (a)        Section 4.02(a) of the Credit Agreement is hereby amended and restated
in its entirety to provide as follows: 
 “(a) The representations and warranties of the Parent, the Borrower and the Guarantors set
forth in this Agreement and in the other Loan Documents shall be true and correct in all material respects, or, to the extent that a particular representation or warranty is qualified as to materiality, such representation or warranty shall be true
and correct, in each case, on and as of the date of such Borrowing (other than as provided in the proviso at the end of this clause (a)) or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, except to the
extent any such representations and warranties are expressly limited to an earlier date, in which case, on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, such
representations and warranties shall continue to be true and correct as of such specified earlier date; provided that, solely as to a Borrowing which consists solely of the conversion or continuation of an outstanding Loan from one Type of
Loan into another Type of Loan, the representation or warranty set forth in Section 3.24 above shall be excluded from the requirements of this clause (a);” 

(b)        Section 5.13 of the Credit Agreement is hereby amended by replacing each
reference to “80%” found therein with a reference to “100% (or such lesser percentage that the Administrative Agent in its sole discretion may accept given the associated costs, but in any event, not less than
90%)”. 

 Section 3.        Conditions of
Effectiveness. This Amendment will become effective on the date on which each of the following conditions precedent are satisfied or waived (the “Amendment Effective Date”): 

(a)        The Parent, the Borrower, each other Credit Party and Lenders comprising at least the
Majority Lenders shall have delivered to the Administrative Agent duly executed counterparts of this Amendment. 

(b)        The Borrower shall have made payment of all fees and expenses then due and payable under the
Credit Agreement, including any fees and expenses then due and payable in connection with this Amendment pursuant to Section 9.03 of the Credit Agreement, in the case of expenses to the extent invoiced at least one Business Day prior to the
Amendment Effective Date (except as otherwise reasonably agreed by the Borrower). 
 (c)        The
Borrower shall have delivered to the Administrative Agent (or its counsel), executed and notarized supplements to existing Mortgages or new Mortgages, each in form and substance satisfactory to the Administrative Agent and encumbering all of the
Borrower’s and its Restricted Subsidiaries’ proved Oil and Gas Properties located in the State of Texas and in the State of Oklahoma. 

Section 4.        Representations and Warranties; Agreements. 

(a)        On the Amendment Effective Date, each of the Parent and the Borrower represents and warrants
to the Administrative Agent and each of the Lenders that: 
 (i)        Each Credit Party (i) is
validly existing and (ii) has the power and authority to execute and deliver this Amendment and perform its obligations under this Amendment and the Loan Documents to which it is a party as amended hereby. 

(ii)        The execution and delivery by the Credit Parties of this Amendment, and the performance of
this Amendment and the Credit Agreement as amended hereby, have been duly authorized by all necessary corporate action, and this Amendment and the Credit Agreement as amended hereby constitute the legal, valid and binding obligations of such Credit
Party, enforceable in accordance with their terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and general principles of equity, regardless of whether
considered in a proceeding in equity or at law. 
 (iii)        Neither the execution and delivery of
this Amendment, nor compliance with the terms and provisions hereof or thereof, will conflict with or result in a breach of, or require any consent that has not been obtained as of the Amendment Effective Date, the respective Organizational
Documents of any Credit Party, any Governmental Requirement, any Unsecured Notes Document, any Permitted Second Lien Loan Document (if any) or any other material agreement or instrument to which any Credit Party is a party or by which it is bound or
to which it or its Properties are subject. 
 (iv)        Before and after giving effect to this
Amendment, the representations and warranties contained in the Credit Agreement, as amended hereby, and the representations and warranties contained in the other Loan Documents are true and correct in all material respects, or, to the extent that a
particular representation or warranty is qualified as to materiality, such representation or warranty is true and correct, in each case, on and as of the date Amendment Effective Date (other the representation or warranty in Section 3.24 of the
Credit Agreement), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, on and as of the date of Amendment 

  
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Effective Date, such representations and warranties continue to be true and correct as of such specified earlier date. 

(v)        Before and after giving effect to this Agreement, no Default has occurred and is continuing.

 (vi)        The Liens purported to be created under the Collateral Documents are valid and
subsisting and secure the Secured Obligations as provided therein. 
 (b)        The Parent and the
Borrower acknowledges that on the date hereof all outstanding Obligations are payable in accordance with their terms and the Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. 

Section 5.        Continuing Effectiveness. Except as specifically set forth in this
Amendment, the Credit Agreement and the other Loan Documents are not amended, modified or affected hereby. Each Credit Party hereby ratifies and confirms that (i) except as specifically set forth in this Amendment, all of the terms, conditions,
covenants, representations, warranties and all other provisions of the Credit Agreement and each other Loan Document remain in full force and effect and (ii) the Collateral is unimpaired by this Amendment. Upon the Amendment Effective Date and
thereafter, (x) each reference in the Credit Agreement to “this Amendment,” “hereunder,” “hereof,” “herein,” or words of like import, shall mean and be a reference to the
Credit Agreement as amended hereby and as further amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof, and (y) each reference to the “Credit Agreement” in any other Loan
Document, as applicable, shall be a reference to the Credit Agreement as so amended, restated, supplemented or otherwise modified from time to time. 

Section 6.        Counterparts. This Amendment may be executed in counterparts, each of
which so executed shall be deemed to be an original and such counterparts together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by facsimile or via other electronic means
shall be effective as delivery of manually executed counterpart of this Amendment. 

Section 7.        No Waiver. Each of the Parent and the Borrower hereby agrees that no
Default has been waived or remedied by the execution of this Amendment by the Administrative Agent, any Issuing Bank or any Lender, and any such Default heretofore arising and currently continuing shall continue after the execution and delivery
hereof. Nothing contained in this Amendment nor any past indulgence by the Administrative Agent, any Issuing Bank or any Lender, nor any other action or inaction on behalf of the Administrative Agent, any Issuing Bank or any Lender shall constitute
or be deemed to constitute an election of rights or remedies by the Administrative Agent, any Issuing Bank or any Lender or an relinquishment of any rights or remedies. The Administrative Agent, each Issuing Lender and each Lender hereby
expressly reserve all of their rights, remedies and claims under the Loan Documents. Nothing in this Agreement shall constitute a waiver or relinquishment of the rights of the Administrative Agent, any Issuing Bank or any Lender to collect the full
amounts owing to them under the Loan Documents. 
 Section 8.        Loan Document.
This Amendment is a Loan Document. 
 Section 9.        Incorporation by Reference.
Sections 1.03, 9.03(a), 9.07, 9.09, 9.10, 9.11, 9.15 of the Credit Agreement are incorporated herein, mutatis mutandis. 

  
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 Section 10.        Reaffirmation of the
Guaranty. Each Guarantor hereby ratifies, confirms, acknowledges and agrees that its obligations under its applicable Guaranty are in full force and effect and that such Guarantor continues to unconditionally and irrevocably guarantee the full
and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, of all the Guaranteed Obligations (as defined in such Guaranty), as such Guaranteed Obligations may have been amended by this Amendment, and its
execution and delivery of this Amendment does not indicate or establish an approval or consent requirement by such Guarantor under such Guaranty in connection with the execution and delivery of amendments, consents or waivers to the Credit
Agreement, the Notes or any of the other Loan Documents. 

Section 11.        RELEASE. For good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Credit Party hereby, for itself and its successors and assigns, fully and without reserve, releases and forever discharges each of the Administrative Agent, each Issuing Bank, each Lender and each
of the foregoing’s respective successors and assigns, officers, directors, employees, representatives, trustees, attorneys, agents, affiliates and other Related Parties (collectively the “Released Parties” and individually a
“Released Party”) from any and all actions, claims, demands, causes of action, judgments, executions, suits, debts, liabilities, costs, damages, expenses or other obligations of any kind and nature whatsoever, direct and/or
indirect, at law or in equity, whether now existing or hereafter asserted (INCLUDING, WITHOUT LIMITATION, ANY OFFSETS, REDUCTIONS, REBATEMENT, CLAIMS OF USURY OR CLAIMS WITH RESPECT TO THE NEGLIGENCE OF ANY RELEASED PARTY), for or because of any
matters or things occurring, existing or actions done, omitted to be done, or suffered to be done by any of the Released Parties, in each case, on or prior to the date hereof and are in any way directly or indirectly arising out of or in any way
connected to any of this Amendment, the Credit Agreement, any other Loan Document, or any of the transactions contemplated hereby or thereby (collectively, the “Released Matters”). Each Credit Party, by execution hereof, hereby
acknowledges and agrees that the agreements in this Section 11 are intended to cover and be in full satisfaction for all or any alleged injuries or damages arising in connection with the Released Matters herein compromised and settled.

 Section 12.        NO ORAL AGREEMENTS. THE RIGHTS AND OBLIGATIONS OF EACH OF THE
PARTIES TO THE LOAN DOCUMENTS SHALL BE DETERMINED SOLELY FROM WRITTEN AGREEMENTS, DOCUMENTS AND INSTRUMENTS, AND ANY PRIOR ORAL AGREEMENTS BETWEEN SUCH PARTIES ARE SUPERSEDED BY AND MERGED INTO SUCH WRITINGS. THIS AMENDMENT, THE CREDIT AGREEMENT AND
THE OTHER WRITTEN LOAN DOCUMENTS EXECUTED BY PARENT, BORROWER, ANY OTHER CREDIT PARTY, THE ADMINISTRATIVE AGENT, ANY ISSUING BANK AND/OR LENDERS REPRESENT THE FINAL AGREEMENT REGARDING THE MATTERS HEREIN BETWEEN SUCH PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS BY SUCH PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN SUCH PARTIES. 

[Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officer(s) as of the date first above written. 
  

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as the Administrative Agent and a Lender

		
	By:	 	/S/ BRYAN MCDAVID
		 	 Name: Bryan McDavid
 Title:
Director

  
 Signature Page to
Tenth Amendment 

 
			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	 
		 	 Name:
 Title:

  
 Signature Page to
Tenth Amendment 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 
		 	 Name:
 Title:

  
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Tenth Amendment 

 
			
	SCOTIABANC INC., as a Lender
		
	By:	 	/S/ J. F. TODD
		 	 Name: J. F. Todd
 Title: Managing
Director

  
 Signature Page to
Tenth Amendment 

 
			
	CREDIT SUISSE AG, Cayman Islands Branch, as a Lender
		
	By:	 	 
		 	 Name:
 Title:

		
	By:	 	 
		 	 Name:
 Title:

  
 Signature Page to
Tenth Amendment 

 
			
	BRANCH BANKING AND TRUST COMPANY, as a Lender
		
	By:	 	/S/ JAMES GIORDANO
		 	 Name: James Giordano
 Title: Sr. Vice
President

  
 Signature Page to
Tenth Amendment 

 
			
	BARCLAYS BANK, PLC, as a Lender
		
	By:	 	 
		 	 Name:
 Title:

  
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Tenth Amendment 

 
			
	COMERICA BANK, as a Lender
		
	By:	 	/S/ BRANDON M. WHITE
		 	 Name: Brandon M. White
 Title: Vice
President

  
 Signature Page to
Tenth Amendment 

 
			
	SOCIÉTÉ GÉNÉRALE, as a Lender
		
	By:	 	/S/ MAX SONNONSTINE
		 	 Name: Max Sonnonstine
 Title:
Director

  
 Signature Page to
Tenth Amendment 

 
			
	CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 
		 	 Name:
 Title:

  
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Tenth Amendment 

 
			
	SUNTRUST BANK, as a Lender
		
	By:	 	/S/ CHULLEY BOGLE
		 	 Name: Chulley Bogle
 Title: Vice
President

  
 Signature Page to
Tenth Amendment 

 
			
	SANTANDER BANK, N.A., as a Lender
		
	By:	 	/S/ DAVID O’DRISCOLL
		 	 Name: David O’Driscoll
 Title: Senior
Vice President

		
	By:	 	/S/ INIGO IPARRAGUIRRE SAENZ
		 	 Name: Inigo Iparraguirre Saenz
 Title: Senior
Vice President

  
 Signature Page to
Tenth Amendment 

 
			
	PENN VIRGINIA HOLDING CORP., as the Borrower
		
	By:	 	/S/ STEVEN A. HARTMAN
		 	 Name: Steven A. Hartman
 Title: Senior Vice
President and Chief Financial Officer

  

			
	PENN VIRGINIA CORPORATION, as the Parent
		
	By:	 	/S/ STEVEN A. HARTMAN
		 	 Name: Steven A. Hartman
 Title: Senior Vice
President and Chief Financial Officer

  

			
	Solely with respect to Sections 6 through 12:
	
	PENN VIRGINIA OIL & GAS CORPORATION, a Virginia corporation
		
	By:	 	/S/ STEVEN A. HARTMAN
		 	 Name: Steven A. Hartman
 Title: Senior Vice
President and Chief Financial Officer

  

			
	PENN VIRGINIA OIL & GAS GP LLC, a Delaware limited liability company
		
	By:	 	/S/ STEVEN A. HARTMAN
		 	 Name: Steven A. Hartman
 Title: Senior Vice
President and Chief Financial Officer

  

			
	PENN VIRGINIA OIL & GAS LP LLC, a Delaware limited liability company
		
	By:	 	/S/ STEVEN A. HARTMAN
		 	 Name: Steven A. Hartman
 Title: Senior Vice
President and Chief Financial Officer

  
 Signature Page to
Tenth Amendment 

 
			
	PENN VIRGINIA OIL & GAS, L.P., a Texas limited partnership
	
	By: Penn Virginia Oil & Gas GP LLC, its general partner
		
	By:	 	/S/ STEVEN A. HARTMAN
		 	 Name: Steven A. Hartman
 Title: Senior Vice
President and Chief Financial Officer

  

			
	PENN VIRGINIA MC CORPORATION, a Delaware corporation
		
	By:	 	/S/ STEVEN A. HARTMAN
		 	 Name: Steven A. Hartman
 Title: Senior Vice
President and Chief Financial Officer

  
  

			
	PENN VIRGINIA MC ENERGY L.L.C., a Delaware limited liability company
		
	By:	 	/S/ STEVEN A. HARTMAN
		 	 Name: Steven A. Hartman
 Title: Senior Vice
President and Chief Financial Officer

  
 Signature Page to
Tenth Amendment 

 
			
	PENN VIRGINIA MC OPERATING COMPANY L.L.C., a Delaware limited liability company
		
	By:	 	/S/ STEVEN A. HARTMAN
		 	 Name: Steven A. Hartman
 Title: Senior Vice
President and Chief Financial Officer

  
 Signature Page to
Tenth Amendment

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