Document:

EX-10.1

 Exhibit 10.1 
  

 
 

 
 September 6, 2018 
 Gary
C. Hanna 
 By Hand Delivery 
 Dear Gary: 

On behalf of Rosehill Operating Company, LLC, a Delaware limited liability company (the “Company”), I am pleased to provide
you with this letter memorializing the terms of your employment with the Company to serve as interim President and Chief Executive Officer of the Company and of Rosehill Resources Inc., a Delaware corporation and parent of the Company
(“Parent”), effective as of September 4, 2018.  
 During
the period that you serve as the interim President and Chief Executive Officer of the Company and Parent (the “Term”), as compensation for all services provided by you, you will be paid a salary at the rate of $137,500 per complete
calendar month, less applicable taxes and other withholdings, in accordance with the Company’s payroll practices in effect from time to time. In addition, you will receive a one-time restricted stock
award with a grant date value equal to approximately $337,500 under the Amended and Restated Rosehill Resources Inc. Long-Term Incentive Plan, subject to the terms and conditions determined by the Board of Directors of Parent (or a committee
thereof). You will also be eligible to participate in those benefit plans and programs that the Company makes available to its similarly situated employees from time to time, subject to the terms and conditions of the applicable plans and programs
as in effect from time to time. During the Term, you will not be eligible to receive any additional compensation for your service as a member of the Board of Directors of Parent; provided, however, that the outstanding shares of restricted
stock granted to you on May 11, 2018 shall remain outstanding and eligible to vest pursuant to the terms and conditions set forth in the Restricted Stock Grant Notice and Agreement evidencing such award. 

Your employment is not for a specific term and is terminable at-will. This means that you are not
entitled to remain an employee or officer of the Company or Parent for any particular period of time, and either you or the Company may terminate the employment relationship at any time, with or without notice, and for any reason not prohibited by
applicable law. During the Term, you will be expected to comply with all of the Company’s policies and procedures in effect from time to time. 

Gary, we appreciate your willingness to assume these roles and we look forward to your contributions to the Company and Parent. To acknowledge
the terms of your employment memorialized in this letter, please sign below. 
  

									
	 	 	 	 	Sincerely,
			
	 	 	 	 	ROSEHILL OPERATING COMPANY, LLC
			
	 	 	 	 	 /s/ R. Craig Owen

	 	 	 	 	Name:	 	 	 	R. Craig Owen
	 	 	 	 	Title:	 	 	 	Chief Financial Officer
			
	AGREED AND ACCEPTED:	 		 	
			
	 /s/ Gary C. Hanna
	 		 	
	Gary C. HannaSeptember 12, 2018

 

 

 

Kory Robert Kolterman

Fruci & Associates II, PLLC

802 N. Washington St. 

Spokane, WA  99201

 

Re: Kory Robert Kolterman and Fruci & Associates’ Dismissal

 

Dear Kory,

 

This letter is to inform you and Fruci & Associates CPA Firm that effective immediately we are dismissing your CPA firm as auditors of GeneThera Inc. 

 

This decision is due, in part, to the unwarranted delays that have been taking place for the past nine months, and have prevented, to this date, our Company to regain compliance with the Securities and Exchange Commission’s financial filings. 

 

We trust that you and your firm will provide necessary cooperation during our transition with the new auditing firm. 

 

Sincerely,

 

 

Antonio (Tony) Milici, M.D., Ph.D.

 

AM/tli

 

Cc:    Tannya  Irizarry

          Kemper Rojas

         Joe SandovalExhibit

Exhibit 10.1

FIFTH AMENDMENT TO THE EMPLOYMENT AGREEMENT

THE FIFTH AMENDMENT TO THE EMPLOYMENT AGREEMENT (the “Amendment”) is made, effective as of July 3, 2018, by Ross Stores, Inc. (the “Company”) and Michael Balmuth (the “Executive”).  The Executive and the Company previously entered into an Employment Agreement, effective June 1, 2012 (attached hereto) and amended effective March 15, 2015, January 1, 2016, May 18, 2016, and April 15, 2017 and it is now the intention of the Executive and the Company to amend the Employment Agreement as set forth below.  Accordingly, the Company and the Executive hereby agree as follows:

		
	1.
	Paragraphs 1 and 2 of the Employment Agreement are hereby amended by replacing “May 31, 2019” with “May 31, 2020”.

		
	2.
	The first sentence in paragraph 4(a) of the Employment Agreement is hereby deleted and the following sentence is added in place thereof: “During his employment, the Company shall pay the Executive a base salary of not less than One Million One Hundred Sixty Thousand Dollars ($1,160,000) per annum through May 31, 2020.”

		
	3.
	Paragraph 4(i) of the Employment Agreement is hereby amended by replacing “(including claims administration support)” with “(including claims administration support provided by such individual or entity as mutually agreed to by the Company and the Executive)”. 

		
	4.
	The fourth sentence of Paragraph 4(r) of the Employment Agreement is hereby amended to read as follows:  

"The number of Vested Performance Shares attributable to the PS Grant for the fiscal year 2019 ("2019 PS Grant") shall be determined on the basis of the extent to which the target level of adjusted pre-tax profit for such fiscal year is attained.  Notwithstanding anything in this Agreement or PS Documents to the contrary, unvested Common Shares attributable to the 2019 PS Grant shall become Vested Common Shares as follows: 30% on March 20, 2020 and 70% on May 29, 2020, provided the Executive remains employed by the Company through each respective date, or 100% on the date the Executive is terminated Without Cause, if earlier.”  

		
	5.
	Paragraph 4 of the Employment Agreement is hereby amended by adding new subsection (s)  at the end thereof as follows:

“Restricted Stock Award - 2018. On May 23, 2018, the Board shall grant, or shall have granted, to Executive a restricted stock award for that number of shares determined by dividing One Million Four Hundred Twenty-Five Thousand Dollars ($1,425,000) by the closing market price of a share of the Company’s stock on the date of such grant as reported on the NASDAQ (the “2018 Grant”).  Except as otherwise provided by this Agreement, the 2018 Grant will vest on (i) May 29, 2020, provided the Executive continues service with the Company through such date, or (ii) the date the Executive is terminated Without Cause, if earlier.  The terms and conditions of this restricted stock award will be set forth in the Notice of Grant of Award, the Restricted Stock Agreement, and the 2017 Equity Incentive Plan.”
		
	6.
	Paragraph 4 of the Employment Agreement is hereby amended by adding new subsection (t)  at the end thereof as follows:

“Restricted Stock Award - 2019. On March 13, 2019, the Board shall grant, or shall have granted, to Executive a restricted stock award for that number of shares determined by 

Exhibit 10.1

dividing One Million Four Hundred Twenty-Five Thousand Dollars ($1,425,000) by the closing market price of a share of the Company’s stock on the date of such grant as reported on the NASDAQ (the “2019 Grant”).  Except as otherwise provided by this Agreement, the 2019 Grant will vest on (i) May 29, 2020, provided the Executive continues service with the Company through such date, or (ii) the date the Executive is terminated Without Cause, if earlier.  The terms and conditions of this restricted stock award will be set forth in the Notice of Grant of Award, the Restricted Stock Agreement, and the 2017 Equity Incentive Plan.”
		
	7.
	Paragraph 4 of the Employment Agreement is hereby amended by adding new subsection (u)  at the end thereof as follows:

“Performance Share Award: 2020.  The Executive shall be eligible to receive a Performance Share Award for the fiscal year beginning in 2020 (“2020 PS Grant”) consistent with the existing practice of the Company.    The terms and conditions of the 2020 PS Grant shall be set forth in the Notice of Grant of Performance Shares, the Performance Share Agreement and the 2017 Equity Incentive Plan or successor plan (the “PS Documents”). Notwithstanding anything in this Agreement or PS Documents to the contrary, unvested Common Shares attributable to the 2020 PS Grant shall become Vested Common Shares on (i) the Performance Share Vesting Date if the Executive remains employed by the Company through May 29, 2020, or (ii) the date Executive is terminated Without Cause, in each case determined as if the Executive remained employed with the Company through the Performance Share Vesting Date.  Capitalized terms in this paragraph 4(u) shall have the meanings assigned to such terms in the PS Documents.”
 

Except for the amendment as set forth above, the Employment Agreement and all of its terms remain in force and in effect. 

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date and year first written above.

	
			
	ROSS STORES, INC.
	 
	EXECUTIVE

	 
	 
	 

	/s/George P. Orban
	 
	/s/Michael Balmuth

	George P. Orban 
	 
	Michael Balmuth

	Chairman of the Compensation Committee
	 
	 

	 
	 
	 

	Date: June 28, 2018
	 
	Date: June 20, 2018

 
2Exhibit

Exhibit 10.2

AMENDMENT TO INDEPENDENT CONTRACTOR CONSULTANCY AGREEMENT
This Amendment to Independent Contractor Consultancy Agreement (the “Amendment”) is made and entered into as of June 13, 2018 and effective February 1, 2018 (the “Effective Date”) by and between Ross Stores, Inc. (“Company” or “Ross”) and Norman A. Ferber, an individual (“Contractor” or “Ferber”), and amends the Amended and Restated Independent Contractor Consultancy Agreement entered into by the Company and Contractor effective as of January 6, 2010 and subsequently amended effective January 30, 2012, February 17, 2015 and March 1, 2017 (collectively, the “Agreement”) as follows:
		
	1.
	Section 2.1 of the Agreement is hereby amended by replacing the phrase “$1,616,000” with the phrase “$1,875,000”. 

		
	2.
	Section 8.1 of the Agreement is hereby amended by replacing the phrase “May 31, 2019” with the phrase “May 31, 2020”.

		
	3.
	Except as so amended, the Agreement remains in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement as of the first date first written above.
	
				
	Company:
	 
	Contractor:

	 
	 
	 
	 

	ROSS STORES, INC.
	 
	NORMAN A. FERBER

	 
	 
	 
	 

	By:
	/s/George P. Orban
	 
	/s/Norman A. Ferber

	 
	George P. Orban
	 
	 

	 
	Chairman, Compensation Committee

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