Document:

Exhibit

Amendment No. 3 
to Employment Agreement  

This Amendment No. 3 (“Amendment”) to the EMPLOYMENT AGREEMENT (“Agreement”) is made as of May 4, 2017 (“Amendment Effective Date”) by and between GTT Communications, Inc. (formerly Global Telecom & Technology, Inc.) (“Company”) and Richard D. Calder, Jr. (“Executive”).
		
	A.
	Company and Executive have entered into the Agreement on May 7, 2007.

		
	B.
	Company and Executive amended the Agreement previously on May 14, 2008 and September 7, 2011.

		
	C.
	Company and Executive desire to amend the Agreement in accordance with the terms of this Amendment.

Accordingly, the parties, intending to be legally bound, hereby agree as follows:
		
	1.
	Definitions.  Unless otherwise defined in this Amendment, all capitalized terms shall have the meanings ascribed to such terms in the Agreement.

		
	2.
	Termination – By Company without Cause; By Executive for Good Reason.  Section 7.4 of the Agreement is amended by replacing the current language with the following:

7.4 Termination – By Company without Cause; By Executive for Good Reason.  The Company may terminate the Executive’s employment hereunder at any time, without any Cause, and Executive may resign for Good Reason (as hereinafter defined), without any liability other than to pay to the Executive:  (i) his base salary through the effective date of termination; (ii) the continuation of base salary and health benefits for a period of eighteen (18) months after the termination of his employment; (iii) his annual bonus on a pro-rated basis through the effective date of termination as measured for that calendar year; plus (iv) 100% of the target annual bonus the Executive would have been eligible to receive for the eighteen (18) month period after the date of termination.   All existing equity grants, including restricted stock, stock options and all other equity grants of any type, will immediately vest upon the effective date of termination.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to be effective as of the Amendment Effective Date stated above.
GTT Communications, Inc.
By: ______________________________________        By: ___________________________
Print Name:_______________________________            Name: Richard D. Calder, Jr.
Print Title:________________________________Exhibit

Amendment No. 1 
to Employment Agreement  

This Amendment No. 1 (“Amendment”) to the EMPLOYMENT AGREEMENT (“Agreement”) is made as of May 4, 2017 (“Amendment Effective Date”) by and between GTT Communications, Inc. (formerly Global Telecom & Technology, Inc.) (“Company”) and Chris McKee (“Executive”).
		
	A.
	Company and Executive have entered into the Agreement on September 7, 2011.

		
	B.
	Company and Executive desire to amend the Agreement in accordance with the terms of this Amendment.

Accordingly, the parties, intending to be legally bound, hereby agree as follows:
		
	1.
	Definitions.  Unless otherwise defined in this Amendment, all capitalized terms shall have the meanings ascribed to such terms in the Agreement.

		
	2.
	Termination – By Company without Cause; By Executive for Good Reason.  Section 7.4 of the Agreement is amended by replacing the current language with the following:

7.4 Termination – By Company without Cause; By Executive for Good Reason.  The Company may terminate the Executive’s employment hereunder at any time, without any Cause, and Executive may resign for Good Reason (as hereinafter defined), without any liability other than to pay to the Executive:  (i) his base salary through the effective date of termination; (ii) the continuation of base salary and health benefits for a period of twelve (12) months after the termination of his employment; (iii) his annual bonus on a pro-rated basis through the effective date of termination as measured for that calendar year; plus (iv) 100% of the target annual bonus the Executive would have been eligible to receive for the twelve (12) month period after the date of termination.   
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be effective as of the Amendment Effective Date stated above.
GTT Communications, Inc.
By: ______________________________________        By: ___________________________
Print Name:_______________________________            Name: Chris McKee
Print Title:________________________________Exhibit

Amendment No. 1 
to Employment Agreement  

This Amendment No. 1 (“Amendment”) to the EMPLOYMENT AGREEMENT (“Agreement”) is made as of May 4, 2017 (“Amendment Effective Date”) by and between GTT Communications, Inc (“Company”) and Michael Sicoli (“Executive”).
		
	A.
	Company and Executive have entered into the Agreement on April 13, 2015.

		
	B.
	Company and Executive desire to amend the Agreement in accordance with the terms of this Amendment.

Accordingly, the parties, intending to be legally bound, hereby agree as follows:
		
	1.
	Definitions.  Unless otherwise defined in this Amendment, all capitalized terms shall have the meanings ascribed to such terms in the Agreement.

		
	2.
	Termination – By Company without Cause; By Executive for Good Reason.  Section 7.4 of the Agreement is amended by replacing the current language with the following:

7.4 Termination – By Company without Cause; By Executive for Good Reason.  The Company may terminate the Executive’s employment hereunder at any time, without any Cause, and Executive may resign for Good Reason (as hereinafter defined), without any liability other than to pay to the Executive:  (i) his base salary through the effective date of termination; (ii) the continuation of base salary and health benefits for a period of twelve (12) months after the termination of his employment; (iii) his annual bonus on a pro-rated basis through the effective date of termination as measured for that calendar year; plus (iv) 100% of the target annual bonus the Executive would have been eligible to receive for the twelve (12) month period after the date of termination.   
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be effective as of the Amendment Effective Date stated above.
GTT Communications, Inc.
By: ______________________________________        By: ___________________________
Print Name:_______________________________            Name: Michael Sicoli
Print Title:________________________________Exhibit 10.1

 

FIRST AMENDMENT
 

TO  

MAGNEGAS SYSTEMS PURCHASE
AGREEMENT

 

 

 

THIS FIRST AMENDMENT
TO MAGNEGAS SYSTEMS PURCHASE AGREEMENT (this “First Amendment”) is entered into on the date the last
Party executes this First Amendment (“Effective Date”) by and between MAGNEGAS CORPORATION, a
Delaware corporation (“MagneGas”) and TALON VENTURES & CONSULTING GMBH, a company constituted
under the laws of Germany (“Talon”). MagneGas and Talon are individually referred to herein as a “Party”
and collectively as the “Parties”. Capitalized terms not defined herein shall have the meaning set forth in
the MagneGas Systems Purchase Agreement (“Purchase Agreement”).

 

RECITALS:

 

WHEREAS, the Parties
entered into the Purchase Agreement on December 30, 2016.

 

WHEREAS, Section 4.3
“Payments” of the Purchase Agreement sets forth a schedule for Talon to make installment payments to MagneGas by certain
dates.

 

WHEREAS, Talon has
notified MagneGas that it will not be able to make the First Installment payment in the time frame allotted in the Purchase Agreement,
and therefore, has requested MagneGas agree to amend the Purchase Agreement to provide Talon with additional time to meet its obligations
and avoid a Payment Breach.

 

WHEREAS, MagneGas has
agreed to waive any Payment Breach that has occurred as of the Effective Date of this First Amendment.

 

WHEREAS, MagneGas has
agreed to amend the Purchase Agreement in consideration of Talon’s payment of an extension fee (“Extension Payment”).

 

NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in consideration of the Recitals
incorporated herein by this reference and the mutual agreements, provisions and covenants contained herein, the Parties hereto,
intending to be legally bound hereby, agree as follows:

 

		1.	Amendment to Section 4.3 “Payments”. The first sentence of Section 4.3
“Payments” of the Purchase Agreement shall be amended as follows:

 

“Payment
of One Million Three Hundred Fifty Thousand and NO/100 Dollars ($1,350,000) representing the 50% of the combined Purchase Price
of the MagneGas Systems plus the full price of the cylinders and regulators, less the Initial Deposit, shall be due to MagneGas
at its indicated account on or before May 15, 2017 (the “First Installment”).”

 

		2.	No Additional Changes. This First Amendment modifies and supersedes the Purchase
Agreement to the extent stated herein only. No other portion of Section 4.3 is being modified. In the event there is an
inconsistency between the Purchase Agreement and this First Amendment, this First Amendment shall control as to the portion of
Section 4.3 being amended. All other provisions of the Purchase Agreement shall remain in full force and effect.

 

     

     

    

 

 

		3.	Extension Payment(s). On or before May 15, 2017 Talon shall make an Extension Payment
to MagneGas in the amount of Ten Thousand and NO/100 Dollars ($10,000.00) (“First Extension Payment”). Upon
MagneGas’s receipt of the First Extension Payment, Talon shall have the option to extend the First Installment payment date
to June 15, 2017. In the event Talon exercises its right to extend the First Installment payment to June 15, 2017, Talon shall
be obligated to pay MagneGas a second payment of Ten Thousand and NO/100 Dollars ($10,000.00) (“Second Extension Payment”)
on or before June 15, 2017. Extension Payment(s) shall be made to the account described in Section 4.1 “Manner of Payment;
Currency” in the Purchase Agreement. If Talon fails to make an Extension Payment(s) when due, MagneGas will have the option
to terminate the Purchase Agreement.

 

IN WITNESS WHEREOF,
the Parties have executed this First Amendment to MagneGas Systems Purchase Agreement, as of the Effective Date.

  

 

	 	MAGNEGAS CORPORATION	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	 	 
	 	Name:    	Ermanno Santilli	 
	 	 	 	 
	 	Title:     	Chief Executive Officer	 
	 	 	 	 
	 	Date: 	_____________, 2017	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	TALON VENTURES & CONSULTING GMBH	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	 	 
	 	Name:      	Matthias Mueller	 
	 	 	 	 
	 	Title:     	Chief Executive Officer	 
	 	 	 	 
	 	Date: 	_____________, 2017

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