Document:

Amendment to Financing Agreement

 Exhibit 10.24 
 

 
 January 30, 2008 
 EDGAR ONLINE, INC. 
 50 Washington St., 
 Norwalk, CT 06854 
 Ladies and Gentlemen: 
 Reference is made to the financing agreement entered into between us dated April 5, 2007 as amended or supplemented (the “Financing Agreement”). 
 You have requested that we waive the requirement of Section 6.9 of the Financing Agreement (such requirement, the “Financial Covenants”), with respect to the maintenance by you for the fiscal quarter
ended December 31, 2007 (the “Covered Period”) maximum level of negative Tangible Net Worth and Working Capital. This will confirm the waiver by us of the requirement that you comply with the Financial Covenant for the Covered Period
(the “Waiver”). 
 This Waiver is solely with respect to the Financial Covenant for the Covered Period and shall not operate as a
waiver of any other provisions of the Financing Agreement nor shall it operate as a waiver of any failure by you to comply with the Financial Covenants as at the end of any fiscal quarter ending after the Covered Period. This will confirm that, by
your signature below, you authorize us to debit your account with us of a fee in the amount of $2,500 for the granting of the Waiver. 
 Section 6.9 of the Financing Agreement is deleted and the following is substituted in its place and stead: 
 “6.9
Borrower shall until payment in full of all Obligations to Lender and termination of this Agreement cause to be maintained at the end of each fiscal quarter (ie, December, March, June, September (a), a Tangible Net Worth deficit of not more than
$1,200,000; and (b), a Working Capital deficit of not more than $3,000,000.” 
 Except as expressly provided herein, the execution and
delivery of this letter shall not: (a) constitute an extension, modification (except as specifically set forth herein), or waiver of any aspect of the Financing Agreement (which except as modified hereby continues) or give rise to any
obligation on our part to agree to such; (b) give rise to any defenses or counterclaims to our right to compel payment of the Obligations (as defined in the Financing Agreement) at any time, declare a default for any reason other than with
respect to the Waiver, or otherwise enforce our rights and remedies under the Financing Agreement; or (c) establish a custom or course of dealing between you and us. 
  

			
	Very truly yours,
	
	ROSENTHAL & ROSENTHAL, INC.
		
	BY:	 	 

  

	Ian Brown
	Vice President

 AGREED: 
  

			
	EDGAR ON LINE, INC
		
	BY:	 	 

	Greg Adams
	Chief Financial Officer

  

					
	1370 Broadway, New York, NY 10018	  	

	  	Tel: (212) 356-1400     Fax: (212) 356-0900Employment Agreement

 Exhibit 10.25 
  

			
	

	 	50 Washington Street, 11th Fl., Norwalk, CT 06854

 February 29, 2008 
 Mr. John C. Ferrara 
 81 White Oak Shade 
 New Canaan, CT 06840 
 Re: Executive Employment Terms 
 Dear John: 
 This letter will confirm the terms of your compensation, duties
and post employment benefits at EDGAR Online, Inc. (“EOL”). Your employment with EOL is subject to EOL’s employee handbook, policies and benefits. You will be regarded as an at-will employee. As an at-will employee either you or EOL
may terminate the employment relationship at any time. This letter will also detail your post employment obligations in the event of your separation from EOL. 
 Position & Compensation 
 Your start date will be March 3,2008. You shall perform the duties of EOL’s Chief Financial
Officer in addition to those duties assigned to you by EOL’s Chief Executive Officer (“CEO”) or Board of Directors. You will report into EOL’s CEO: You will assume the title of Chief Financial officer immediately after the
Company files its Annual Report on Form 10-K which is expected to be on or before March 15, 2008. You will receive an annualized salary of two hundred twenty-five thousand dollars ($225,000), a bonus opportunity of up to fifty thousand dollars
($50,000) for 2008, a grant of fifty thousand (50,000) EOL Stock Options and EOL’s standard employee benefits. This stock option grant is subject to approval of EOL’s Board of Directors, will vest over three (3) years in equal
annual installments and have an exercise price set by the closing price of EOL shares on the grant date. 
 Severance - Cause 
 In the event your employment is terminated for “cause”, EOL shall only be liable for payment of your accrued salary and benefits up to the date of termination.
EOL shall have cause to terminate your employment if: (a) you fail to substantially perform your job related duties, (b) you engage in criminal acts (e.g., embezzlement or fraud) or unprofessional conduct which is injurious to EOL,
(c) you are convicted or plead guilty to a felony or misdemeanor involving theft, larceny, or moral turpitude; or (d) you are grossly negligent in the performance of your duties. 
 Severance - Without Cause 
 In the event your employment is terminated
without cause during the first twelve (12) months of your employment, EOL shall be obligated to continue your salary payments for six (6) months from your last date of employment. If your employment is terminated without cause after the
first twelve (12) months of your employment, EOL shall be obligated to continue your salary payments for twelve (12) months from your last date of employment. Such payments to be made through EOL’s regularly scheduled payroll over the
duration of this period. 
 Chance of Control, Termination Without Cause and Accelerated Vesting 
 In the event there is a “change of control” of EOL or if your employment is terminated without cause all stock options and other awards received by you under
EOL’s stock plan (collectively “Stock Option(s)”) shall immediately vest and remain exercisable by you for the lesser of the original term of the Stock Option or five (5) years. A change of control shall mean: a) the acquisition
of fifty percent (50%) or more of EOL’s outstanding common stock or EOL’s voting securities; b) the sale of all or substantially all of the assets of EOL, other than to a subsidiary of EOL, which is approved by EOL’s
stockholders; or c) the reorganization, merger or consolidation of EOL into another entity, which is approved by EOL’s stockholders. 

 Confidentiality: 
 During your employment with EOL you will have access to proprietary and confidential information of EOL. Your confidentiality and non-disclosure obligations will be subject to the terms of the Confidentiality Agreement attached hereto, the
terms of which are hereby incorporated by reference. This agreement must be signed prior to the start of your employment. 
 Non-solicit, non-compete:

 In consideration of your employment and the payments and other benefits set out in this document, you agree that for a period of twelve
(12) months from your last date of employment not to: (a) directly or indirectly, contact, solicit or direct any person, firm, or corporation to contact or solicit, any of EOL’s customers, prospective customers, or business partners
for the purpose of selling or attempting to sell, any products and/or services that are the same or substantially similar to the products and services provided by EOL to its customers during your employment. In addition, you will not disclose the
identity of any such business partners, customers, or prospective customers, or any part thereof, to any person, firm, corporation, association, or other entity for any reason or purpose whatsoever; (b) directly or indirectly, engage or
carrying on in any manner (including, without limitation, as principal, shareholder, partner, lender, agent, employee, consultant, or investor (other than a passive investor with less than a five percent (5%) interest), trustee or through the
agency of any corporation, partnership, limited liability company, or association) in any business that is in competition with the business of EOL, and has an office located within one hundred fifty (150) miles of EOL’s New York City office; or
(c) solicit on your own behalf or on behalf of any other person, the services of any person who is an employee of EOL, or solicit any of EOL’s employees to terminate employment with EOL. 
 Miscellaneous: 
 This document contains the full and complete
understanding between yourself and EOL with respect to your compensation and post employment obligations with EOL as set out above. No statement, representation, warranty or covenant has been made by either party with respect thereto except as
expressly set forth herein. These terms shall not be modified or amended without the written consent of you and EOL. If any term or condition set forth in this letter agreement is found by a court to be unenforceable, then the remaining terms and
conditions will remain in full force and effect. Terms and conditions found to be unenforceable, if any, will be modified by the court to conform to a provision that most closely expresses the intent of the unenforceable term or condition. This
letter agreement shall be governed by and construed in accordance with the laws of the State of Connecticut. In the event of dispute of this agreement you hereby consent to the exclusive jurisdiction of the courts located in Connecticut. 

The offer contained in this letter agreement is subject to the completion of a satisfactory background and credit check by EOL. Kindly indicate your acceptance of the
terms contained herein by signing below and returning the original to my attention. Congratulations on joining EOL. 
 Sincerely, 
 Tom Flanagan 
 Director Human Resources 
  

											
		  	Accepted and Agreed to by:	 	
		  	EDGAR Online, Inc.	  	John C. Ferrara	 	
						
		  	Signature:	 	 

  
	  	Signature:	 	 

  
	 	
		  	Name:	 	Philip Moyer	  		 		 	
		  	Title:	 	CEO	  		 		 	
		  	Date:	 	2/29/08	  	Date:	 	2/29/08Employment Agreement

 Exhibit 10.26 
  

			
	

	 	50 Washington Street, 11th Floor, Norwalk, CT 06854

  

			
	Mr. Stefan Chopin	 	March 13, 2008

 Re: Executive Employment Terms 
 Dear Stefan: 
 This letter will confirm the terms of your compensation, duties and post employment benefits at EDGAR Online,
Inc. (“EOL”). Your employment with EOL is subject to EOL’s employee handbook, policies and benefits. You will be regarded as an at-will employee. As an at-will employee either you or EOL may terminate the employment relationship at
any time. This letter will also detail post-employment obligations in the event of your separation from EOL. 
 Position & Compensation

 You shall perform the duties of EOL’s Chief Technical Officer in addition to those duties assigned to you by EOL’s Chief Executive Officer
(“CEO”). You will report into EOL’s CEO. You will receive an annualized salary of at least two hundred fifty thousand dollars ($250,000), a bonus opportunity based on annual performance along with EOL’s standard employee
benefits. 
 Employment contract: 
 You acknowledge and
agree that your Employment Agreement dated February 18, 2004 as subsequently renewed and amended has expired and is no longer in be in effect. You hereby waive any and all rights under that agreement, such as, but not limited to rights to
payments arising from the non-renewal of the agreement, in consideration of your continued employment with EOL and the benefits set out in this document. 
 Severance - Cause 
 In the event your employment is terminated for “cause” by EOL, EOL shall only be liable for payment of your
accrued salary and benefits up to the date of termination. EOL shall have cause to terminate your employment if: (a) you fail to substantially perform your job related duties, (b) you engage in criminal acts (e.g., embezzlement or fraud)
or unprofessional conduct which is injurious to EOL, (c) you are convicted or plead guilty to a felony or misdemeanor involving theft, larceny, or moral turpitude; or (d) you are grossly negligent in the performance of your duties.

 Severance - Without Cause 
 In the event your
employment is terminated by EOL without cause, EOL shall be obligated to continue your salary payments for twelve (12) months from your last date of employment. Such payments to be made through EOL’s regularly scheduled payroll over the
duration of this period. 
 Change of Control, Termination Without Cause and Accelerated Vesting 
 In the event there is a “change of control” of EOL or if your employment is terminated without cause by EOL all stock options and other awards received by you
under EOL’s stock plan (collectively “Stock Option(s)”) shall immediately vest and remain exercisable by you for the lesser of the original term of the Stock Option or five (5) years. A change of control shall mean: (a) the
acquisition of fifty percent (50%) or more of EOL’s outstanding common stock or EOL’s voting securities; (b) the sale of all or substantially all of the assets of EOL, other than to a subsidiary of EOL, which is approved by
EOL’s stockholders; or (c) the reorganization, merger or consolidation of EOL into another entity, which is approved by EOL’s stockholders. 
 Confidentiality: 
 During your employment with EOL you will have access to proprietary and confidential information of EOL. You acknowledge
and agree that any inventions created by you shall be the property of EOL and you hereby agree to assign any patent or other rights in such inventions to EOL. Your confidentiality, 

 
non-disclosure and invention assignment obligations will be subject to the terms of the Confidentiality Agreement attached hereto, the terms of which are
hereby incorporated by reference. This agreement must be signed at the same time as this letter. 
 Non-solicit, non-compete: 
 In consideration of your employment and the payments and other benefits set out in this document, you agree that for a period of twelve (12) months from your last
date of employment not to: (a) directly or indirectly, contact, solicit or direct any person, firm, or corporation to contact or solicit, any of EOL’s customers, prospective customers, or business partners for the purpose of selling or
attempting to sell, any products and/or services that are the same or substantially similar to the products and services provided by EOL to its customers during your employment. In addition, you will not disclose the identity of any such business
partners, customers, or prospective customers, or any part thereof, to any person, firm, corporation, association, or other entity for any reason or purpose whatsoever; (b) directly or indirectly, engage or carrying on in any manner (including,
without limitation, as principal, shareholder, partner, lender, agent, employee, consultant, or investor (other than a passive investor with less than a five percent (5%) interest), trustee or through the agency of any corporation, partnership,
limited liability company, or association) in any business that is in competition with the business of EOL and has an office located within one hundred fifty (150) miles of EOL’s New York City office; or (c) solicit on your own behalf
or on behalf of any other person, the services of any person who is an employee of EOL, or solicit any of EOL’s employees to terminate employment with EOL. 
 Miscellaneous: 
 This document contains the full and complete understanding between yourself and EOL with respect to your compensation and
post employment obligations with EOL as set out above. No statement, representation, warranty or covenant has been made by either party with respect thereto except as expressly set forth herein. These terms shall not be modified or amended without
the written consent of you and EOL. If any term or condition set forth in this letter agreement is found by a court to be unenforceable, then the remaining terms and conditions will remain in full force and effect. Terms and conditions found to be
unenforceable, if any, will be modified by the court to conform to a provision that most closely expresses the intent of the unenforceable term or condition. This letter agreement shall be governed by and construed in accordance with the laws of the
State of Connecticut. In the event of dispute of this agreement you hereby consent to the exclusive jurisdiction of the courts located in Connecticut. 
 Kindly indicate your acceptance of the terms contained herein by signing below and returning the original to my attention. 
 Sincerely, 

Tom Flanagan 
 Director Human Resources 
  

											
		  	Accepted and Agreed to by:
		  	EDGAR Online, Inc.	  	Employee: Stefan Chopin	 	
						
		  	Signature:	 	  
	  	Signature:	 	  
	 	
		  	Name:	 	  
	  		 		 	
		  	Title:	 	  
	  		 		 	
		  	Date:	 	  
	  	Date:	 	  
	 	

  

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