Document:

Exhibit

  Exhibit 10.4(a)

Summary of Unwritten Compensation Arrangements

On May 4, 2018 but effective May 8, 2018, Saum Noursalehi was appointed Chief Executive Officer of t0.com, Inc. (“tZERO”), an indirect majority-owned subsidiary of Overstock.com, Inc. (the “Company”). In connection with Mr. Noursalehi’s appointment as Chief Executive Officer of tZERO, the Company agreed to cause Mr. Noursalehi’s salary to be increased to an annual rate of $1,000,000, effective May 8, 2018, and agreed to use its best efforts to cause tZERO to issue a 2% equity award of tZERO's common stock to Mr. Noursalehi.  On May 21, 2018, the Board of Directors of tZERO approved an option grant to Mr. Noursalehi of 200 options under the tZERO Amended and Restated Option Plan. The options have an exercise price of $27,502 per share, and vest 50% on the first anniversary of the grant date with the balance vesting on the second anniversary of the grant date.Exhibit

Exhibit 10.5(a)

799 West Coliseum Way
Midvale, Utah 84047

April 1, 2018

Dear Greg,

We are pleased to offer you the position of Chief Financial Officer with Overstock.com as specified in this letter. Overstock.com will secure its future success by continuing to attract talented and dedicated employees such as you. 

The following is a summary of the terms of our employment offer:

Start Date: TBD        
Employment Status:  Full Time, Exempt
Compensation:  $15,384.62 per pay period, ($400,000 annually)
In order to receive the full annual amount of $75,000, you must be employed for all 26 pay periods.
Relocation: Up to $75,000, substantiated by reasonable documentation, to be reimbursed to you, or paid directly to vendors as you prefer. Full amount must be returned to Overstock.com if you choose to leave before completing 12 months of employment, or are terminated for cause. You may also choose to accept a one-time lump sum of $75,000 in the form of a sign-on bonus, the full amount of which is also subject to being returned if you choose to leave before completing 12 months of employment, or are terminated for cause.
Restricted Stock Units: We will propose to our Board of Directors that you receive 20,000 restricted stock units ("RSUs") of Overstock.com, Inc. which will be subject to the Board's approval in its discretion, and the terms of the Overstock.com Equity Incentive Plan (EIP) including its applicable vesting periods. Consistent with the EIP you may be eligible for additional RSU's to be approved by the Board in its discretion.
Paid Time Off: 20 days per year
Report to:  Initially during a short transition period to our current SVP of Finance and Risk Management, Rob Hughes, then to our CEO Patrick Byrne    
Department: Finance

You will also be eligible to participate in the following benefits effective the first of the month following your first day of employment.
	
		
	Medical
	Prepaid Legal Services

	Dental
	Basic Life and AD&D- Company Paid

	Vision
	Short/Long Term Disability- Company Paid

	Supplemental Life and AD&D
	Employee Assistance Program (EAP)- Company Paid

	Voluntary Accident, Critical illness, Hospital Indemnity
	Employee Wellness

	Flexible Spending Accounts (FSA)
	Club O Gold

	Health Savings Account (HSA)
	 

You will be eligible to participate in the Overstock.com 401(k) Plan according to the table below. 
	
				
	Contribution Type
	Age requirement
	Service Requirement
	Entry Date

	Traditional 401(k) and Roth 401(k)
	21
	1 month(s)
	First day of each month

Overstock.com is an at-will employer. Nothing in this offer shall limit the right of Overstock.com or yourself to terminate the employment relationship. This offer is conditioned upon: our satisfaction with the results of a background check of credit, criminal, educational or other information, and upon your establishing residency in the State of Utah within the first 30 days of your Start Date.

Please sign below and return this document via Adobe Sign. If you have any questions please contact your recruiter. We look forward to working with you.

Sincerely,                     I accept the above terms of employment,                    
            
                        	
		
	/s/ GREGORY J. IVERSON
	4/1/2018

	Gregory Iverson
	Date

                
Gaurav Valani
Head of Talent

CONFIDENTIAL - PROPERTY OF OVERSTOCK.COM the existence and terms of this letter and all related communications are confidential and intended only for your personal and family consideration.Exhibit

InvenTrust Properties Corp.

May 10, 2018

Ivy Greaner
[Address]
 
Dear Ivy,

InvenTrust Properties Corp. is pleased to extend you an offer of employment for the position of Chief Operating Officer.  In this position, you will be reporting to Tom McGuinness, President and Chief Executive Officer. 
The details of our offer are as follows:

Base Salary:
Your annual base salary will be $475,000.00, paid in bi-weekly installments on alternate Fridays, less applicable taxes and withholdings. Your base salary will be reviewed for increase on an annual basis, beginning in early 2019, consistent with the practices of the organization at large and other senior level executives.

Incentive Compensation:
As of your date of hire, you will be eligible to participate in both components of InvenTrust’s discretionary incentive programs including an annual cash bonus, beginning in performance year 2018, and long term incentives (“LTI”). 
The target annual cash bonus for your position is 90% of your base salary.  Eligibility for this bonus is based on individual job performance (25%), Company performance (75%) and your continued active employment through the bonus payout date.  If earned, your 2018 bonus will be paid in early 2019 and will be pro-rated based on your start date.  Performance targets are identified in writing annually and approved by the Board of Directors.
The 2018 annual LTI award for your position is Restricted Stock Units (RSUs) with a value of $500,000. Vesting on this award is 33% on 12/31/18, 33% on 12/31/19 and 34% on 12/31/20.   Dividend equivalent payments on unvested shares will be made on a quarterly basis.  
Additional Considerations:
You will receive a one-time signing bonus of $100,000.00, subject to applicable taxes and withholdings.  This bonus will be paid as follows: $50,000.00 to be paid on the first regular pay date following your date of hire and the remaining $50,000.00 to be paid two pay periods later. 
The Company will reimburse for the cost of reasonable and customary relocation costs. Additionally, the company will pay for 2 round trips between Chicago and San Francisco, CA and/or Florida (with accommodations) for house hunting purposes and the cost of one-way transportation to Chicago at the time of the final move.
Paid Time Off:
The Company provides paid time off for holidays, floating holidays, vacation and sick days. 
		
	•
	InvenTrust Properties observes nine (9) company holidays per year.

		
	•
	Officers of the Company are awarded five (5) floating holidays for every 12 months of employment which are awarded on your date of hire and anniversary date in subsequent years.

		
	•
	You are entitled to three (3) weeks of vacation per year. Vacation is earned and distributed on an accrual basis in each pay period.  

		
	•
	Full-time employees are awarded six (6) sick days for every year of employment to a cumulative maximum of 30 days.

		
	•
	Additional details on Paid Time Off are available in the Company handbook which may change from time to time

Benefits:
You will be eligible to participate in group insurance and benefit plans available to InvenTrust employees as summarized on the attached Benefits at a Glance document. As a new hire, your eligibility begins on the first day of employment. During your first week of employment, we will review all the benefits programs.

This employment offer is made contingent upon your successful completion of the pre-employment background check, drug test and provision of all necessary documents.   InvenTrust is an at-will employer.  By your signature you agree to the terms of this offer.  

We are pleased that you have considered InvenTrust and are excited to have you as a part of our team.  Please do not hesitate to contact me should you have any questions regarding this offer.  We look forward to hearing from you soon.

Regards,

Tom McGuinness

President and Chief Executive Officer

___________________________________________________        __________________________________
Signature of Acceptance                            Date

___________________________________________________
Printed NameLease Amendment

 

EXHIBIT 10.2

FIRST AMENDMENT TO LEASE

THIS FIRST AMENDMENT TO LEASE (this "Amendment") is made as of the 29th day of June, 2018, by and between DUKE PGC AT QUANTUM 1-9, LLC, a Delaware limited liability company ("Landlord"), and PURADYN FILTER TECHNOLOGIES INCORPORATED, a Delaware corporation ("Tenant").

W I T N E S S E T H:

WHEREAS, Landlord and Tenant heretofore entered into that certain Lease dated September 27, 2012 (the "Lease") for the lease of approximately 25,541 square feet of space, located at 2017 High Ridge Road, Boynton Beach, Florida 33426, within Gateway Center, said space being more particularly described therein (the "Leased Premises"); and

WHEREAS, Landlord and Tenant desire to amend the Lease to, among other things, extend the Lease Term, which is scheduled to expire by the terms of the Lease on July 31, 2019.

NOW, THEREFORE, for and in consideration of Ten and No/100 Dollars ($10.00) and other good and valuable consideration in hand paid by each party hereto to the other, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows:

1.

Incorporation of Recitals and Definitions.  The above recitals are hereby incorporated into this Amendment as if fully set forth herein.  All capitalized terms used herein but undefined shall have the meaning as defined in the Lease.

2.

Lease Term.  The Lease Term is hereby extended through and including July 31, 2024. 

3.

Minimum Annual Rent.  Commencing as of August 1, 2019 (the "Extension Date"), Section 1.01(d) of the Lease is hereby modified to reflect that Minimum Annual Rent shall be as follows:

08/01/2019 – 07/31/2020

$178,787.04

08/01/2020 – 07/31/2021

$184,150.56

08/01/2021 – 07/31/2022

$189,675.12

08/01/2022 – 07/31/2023

$195,365.40

08/01/2023 – 07/31/2024

$201,226.32

(Note:  Minimum Annual Rent does not include applicable Florida state sales tax or Additional Rent, which sums shall be the sole responsibility of Tenant.)

4.

Monthly Rental Installments.  Commencing as of the Extension Date, Section 1.01(e) of the Lease is hereby modified to reflect that Monthly Rental Installments shall be as follows:

08/01/2019 – 07/31/2020

$14,898.92

08/01/2020 – 07/31/2021

$15,345.88

08/01/2021 – 07/31/2022

$15,806.26

08/01/2022 – 07/31/2023

$16,280.45

08/01/2023 – 07/31/2024

$16,768.86

(Note:  Monthly Rental Installments do not include applicable Florida State Sales Tax or Additional Rent, which sums shall be the sole responsibility of Tenant.)

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5.

Landlord's Addresses.  Section 1.01(l) of the Lease is hereby modified to reflect that Landlord's addresses for notice and payment purposes are as follows:

Landlord:

Duke PGC at Quantum 1-9, LLC

c/o Duke Realty Corporation

Attn:

Florida Market, Vice President,

Regional Asset Manager

2400 North Commerce Parkway, Suite 405

Weston, FL  33326

With Payments to:

Duke PGC at Quantum 1-9, LLC

c/o Duke Realty Limited Partnership

75 Remittance Drive, Suite 3205

Chicago, IL  60675-3205

6.

Options to Extend.  Tenant's options to extend the Lease Term as set forth in Section 17.03 of the Lease are hereby deleted in their entirety and shall be of no further force or effect.

7.

Right of First Offer.  Tenant's right of first offer set forth in Section 17.04 of the Lease is hereby deleted in its entirety and shall be of no further force or effect.

8.

Allowance.  Tenant acknowledges and agrees that Tenant may make leasehold improvements to the Leased Premises only in accordance with the provisions of Section 7.03 of the Lease.  Landlord shall reimburse Tenant for all expenses incurred in connection with (a) the replacement of two (2) 10-ton heating, ventilation and air conditioning ("HVAC") units serving the Leased Premises installed in 2017, and (b) replacement of additional HVAC unit(s) serving the Leased Premises, up to the amount of Fifty-Eight Thousand and No/100 Dollars ($58,000.00) (the "Allowance").  Said reimbursement shall be paid by Landlord to Tenant within thirty (30) days following Tenant's written request therefor (which request shall be accompanied by reasonable evidence of such expenses), provided that (y) this Amendment has been executed by Tenant and (z) Tenant requests all such reimbursements on or before December 31, 2019.  If Tenant fails to exercise such right as aforesaid, Tenant shall be deemed to have waived its rights pursuant to this Section 8.

9.

Brokers.  Except for CBRE, Inc. and Duke Realty Services, LLC each representing Landlord, whose commissions shall be paid by Landlord, Landlord and Tenant each represents and warrants to the other that neither party has engaged or had any conversations or negotiations with any broker, finder or other third party concerning the matters set forth in this Amendment who would be entitled to any commission or fee based on the execution of this Amendment.  Landlord and Tenant each hereby indemnifies the other against and from any claims for any brokerage commissions and all costs, expenses and liabilities in connection therewith, including, without limitation, reasonable attorneys' fees and expenses, for any breach of the foregoing.  The foregoing indemnification shall survive the termination of the Lease for any reason.

10.

Representations and Warranties.  

(a)

Tenant hereby represents and warrants that (i) Tenant is duly organized, validly existing and in good standing (if applicable) in accordance with the laws of the jurisdiction under which it was organized; (ii) Tenant is authorized to do business in the jurisdiction where the Leased Premises is located; and (iii) the individual(s) executing and delivering this Amendment on behalf of Tenant has been properly authorized to do so, and such execution and delivery shall bind Tenant to its terms.

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(b)

Landlord hereby represents and warrants that (i) Landlord is duly organized, validly existing and in good standing (if applicable) in accordance with the laws of the jurisdiction under which it was organized; (ii) Landlord is authorized to do business in the jurisdiction where the Leased Premises is located; and (iii) the individual(s) executing and delivering this Amendment on behalf of Landlord has been properly authorized to do so, and such execution and delivery shall bind Landlord to its terms.

11.

Examination of Amendment.  Submission of this instrument for examination or signature to Tenant does not constitute a reservation or option, and it is not effective until execution by and delivery to both Landlord and Tenant.

12.

Incorporation.  This Amendment shall be incorporated into and made a part of the Lease, and all provisions of the Lease not expressly modified or amended hereby shall remain in full force and effect.  As amended hereby, the Lease is hereby ratified and confirmed by Landlord and Tenant.  To the extent the terms hereof are inconsistent with the terms of the Lease, the terms hereof shall control.

(SIGNATURES CONTAINED ON THE FOLLOWING PAGE(S))

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date first set forth above.

		
	

WITNESSES:

/s/ Olga Stanley

Printed Name: Olga Stanley

/s/ J Rodriguez

Printed Name: J Rodriguez

	LANDLORD:

DUKE PGC AT QUANTUM 1-9, LLC,

a Delaware limited liability company

By:

Duke Realty Limited Partnership,

an Indiana limited partnership, its managing member

By:

Duke Realty Corporation, an Indiana corporation, its general partner

By: /s/ Edward P. Mitchell

Edward P. Mitchell

Senior Vice President

Florida Operations

Date of execution: June 29, 2018

	

WITNESSES:

/s/ Elaine Hilton

Printed Name: Elaine Hilton

/s/Joseph V, Vittoria

Printed Name: Joseph V. Vittoria

	TENANT:

PURADYN FILTER TECHNOLOGIES INCORPORATED, a Delaware corporation

By: /s/ Edward Vittoria

Name: Edward Vittoria

Title:  Chief Executive Officer

Attest: /s/ Kathryn Morris

Name: Kathryn Morris

Title:

Date of execution: June 26, 2018

	 
	 

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