Document:

EX-10.2

 Exhibit 10.2 
  

					
	[logo Sparkasse] [stamp: Customer Copy]	 	Stadtsparkasse Augsburg
		 	Halderstraße 1-5
		 	86150 Augsburg, Germany
		 	VAT ID DE 127504902
		 		  	Account
		 		  	250491743
		 		  	Reference

 Overdraft Facility 
 ExOne
GmbH 
 Daimlerstr. 22, 86368 Gersthofen, Germany 
 -
hereinafter referred to as Borrower - enters into the following agreement with Sparkasse [savings bank] on a credit on current account up to a maximum amount of EUR 1,300,000.00. 

1 Credit Facility 
 The credit in the aforementioned
amount is made available on checking account 250491743. 
 2 Credit Cost 

The interest and commission rates as set forth by the savings bank for credits of this type are to be paid for the relevant loan money drawn down. Borrower
shall be notified of changes in such rates. 
 The interest rate is currently 6.2000 percent per year. 

 ̈  A credit commission of      percent per year shall be charged as a fee for
the availability of the entire loan money to the extent the promised credit has not been drawn down. 

 ̈  In addition, the following will be charged: 

 
  

At each statement of account, the credit cost incurred by then shall be charged. If the credit granted is thereby exceeded, the savings bank shall charge for
the amount overdrawn - as in the case of any other exceeding of a credit - the overdraft interest rate set forth for overdrafts in each case, 
 x  currently 10.2000 percent per year, 

 ̈  in addition to the aforementioned credit cost, the overdraft commission set forth for
respective overdrafts, currently      percent per year. 
 Borrower undertakes to compensate the overdraft in each case without undue
delay. 
 Where no value-added tax is charged, such financial services are not subject to value-added tax. Unless Borrower objects within 4 weeks
from posting of the value-added tax in writing by stating its legitimate interests (in particular, no right to the deduction of input tax), the savings bank shall invoice any credit cost plus value-added tax at the statutory rate. Borrower shall
also be entitled to the right of objection if its right to the deduction of input tax changes at a later time. 
 3 Term, Termination 

The credit shall be granted for an unlimited period of time, unless a time limit is agreed separately hereinbelow. 

 ̈  The credit facility is limited until
                    . 
 No. 26 of the General
Terms and Conditions of the savings bank shall apply to the termination. 
 4 Special Agreements 

The credit facility may optionally be used for all types of short-term corporate financing (such as overdraft credit, short-term fixed-rate loans for at least
EUR 100,000.00 and minimum terms of 30 days, guarantees, letters of credit, as well as all other foreign business transactions, collateral security for foreign exchange transactions, leasing, etc.). 

This contract replaces the overdraft facility agreement dated September 11, 2012 for EUR 800,000.00 and the guarantee line credit agreement dated
April 05/12, 2012 for EUR 500,000.00. 

  
 Page 1 of 3 

					
		  		  	 Account
 250491743

 

 5 Collateral 

The credit may only be drawn down if all requirements have been met that the agreed collateral has been provided to the savings bank and, where necessary, a
confirmation thereof is received by the savings bank. In separate agreements governing the details, the following collateral is/was provided/assigned to the savings bank: 
  

	•	 	Hard letter of comfort from ExOne Company in favor of ExOne GmbH and confirmation that no profit transfer agreement exists and that the conclusion of such an agreement is waived. 

 

	•	 	During the term of this operating credit, Borrower undertakes not to provide any collateral of any type whatsoever to any other lenders for similar credits already granted or yet to be granted to Borrower or to any
third party or to have any collateral provided by a third party (such as subsidiaries or investment companies, shareholders). Otherwise, the savings bank is to be provided the same status as any other lenders. This shall not apply if the savings
bank consents in advance to any collateral being provided or to collateral being provided to the savings bank at the same time, which in its view are of equal value. Supplier credits on usual terms and the securing of such credits by retention of
title and follow-on assignments shall also be exempted. 

  
  

The liability of any already existing or future other collateral in the scope of the relevant hedging purposes agreed shall remain unaffected. 

6 Several Borrowers 
 Several borrowers shall be
liable as joint and several debtors for the liabilities arising hereunder. 
 Where the savings bank is satisfied by one borrower, it shall not check
whether such borrower is entitled to claims to any collateral no longer required by the savings bank. It shall generally return any such collateral to the collateral provider, unless the borrower making payments proves that the consent of the
collateral provider exists to surrender the collateral to such borrower. 
 7 Obligation to Disclose and to Give Information 

During the entire term of this credit facility, Borrower is to allow the savings bank or an authority commissioned by the savings bank at any time, at least
once annually, to inspect the current financial circumstances, to hand over documents relevant thereto (such as balance sheets/annual financial statements, income tax assessments and returns, statements of assets and liabilities, etc.), to provide
any requested information, and to allow the inspection of its operations. The savings bank shall also be obligated on the basis of legal and supervisory provisions to disclose Borrower’s financial circumstances. 

The savings bank may request the required documents directly from Borrower’s accounting and tax advisors after consultation with Borrower. Where the
designated documents are stored on data carriers, Borrower shall be obligated to make them readable within a reasonable period of time. 
 In the event that
Borrower fails to meet these obligations, the savings bank shall be entitled to terminate the credit agreement for immediate repayment. 
 The savings bank
shall be entitled to inspect the public register as well as the land register and the land register files at any time and to request simple or certified copies and extracts on behalf of Borrower, as well as to obtain information from insurance
companies, public authorities, and other authorities, in particular credit institutions, which it may deem required for the assessment of the credit relationship. 

8 Cost of the Agreement 
 Any cost of the provision of
collateral shall be borne by Borrower. Reimbursement of the savings bank’s expenses shall be governed by the statutory provisions. 
 9 Assignment,
Transfer of the Credit Risk to Third Parties, Dissemination of Information 
 9.1 The savings bank may transfer the credit claim and/or the economic risk
of the granting of the credit to a third party in whole or in part for the purposes of refinancing, equity capital relief, or risk diversification. This may occur, for example, by the sale of credit claims, including any associated collateral, by
means of credit derivatives or by means of any credit sub-participation. 
 For this purpose, the savings bank may disseminate the required information
(such as credit amount, due date, interest rate, name, and address) to third parties and to such persons, who are to be included into the examination of the intrinsic value and processing of the transfer for technical, organizational, or legal
reasons (such as rating agencies, auditors, tax consultants, lawyers, or civil law notaries). Borrower shall release the savings bank from the banking secrecy in this respect. 

9.2 A third party may be a member of the European system of central banks, a credit institution, financial services institution, financial firm, insurance
company, pension institution, a pension fund, a capital investment company, or an institutional buyer. 
 9.3 The savings bank shall be obligated to
confidentiality towards the third parties and the other persons designated under Article 9.1 hereof prior to disseminating any information, unless such an obligation already exists based on statutory and professional regulations/regulations
customary to the profession. The obligation to confidentiality shall include maintaining secrecy with respect to any and all customer-related data and assessments and using the information only to the extent required for implementing the measures
specified. In addition, the savings bank shall obligate the third party to enter into an appropriate confidentiality agreement on its part with the relevant other recipients prior to the transfer of rights arising from the agreement and the
dissemination of information to such other recipients. 
 10 Advertising Objections 

Borrower may object to the use of its data for advertising purposes at any time. 

  
 Page 2 of 3 

					
		  		  	 Account
 250491743

 

 11 Legal Venue 

Unless the competence of the general legal venue of the savings bank already arises from Section 29 German Code of Civil Procedure, the savings bank may
pursue its claims by way of legal action at its general legal venue, if Borrower as defendant in the legal action is a businessperson or a legal entity within the meaning of No. 6 General Terms and Conditions or at the contract conclusion has
no general legal venue in Germany or subsequently transfers its place of residence or habitual residence from the Federal Republic of Germany or its place of residence or habitual residence is unknown at the time the lawsuit is filed. 

12 Legal Obligation to Cooperate 
 Borrower shall be
obligated to notify the savings bank without undue delay of any changes arising in the course of the business relationship in the information provided to the savings bank (Section 4(6) German Money Laundering Act). 

13 Information on the Economic Beneficiaries (Section 3(1)(3) Money Laundering Act) 

Borrower acts in its own economic interests and not at the instigation of a third party (in particular a trustor): 

x  Yes.     ̈  No. 

Economic beneficiary: Borrower acts in the economic interests and at the instigation of the following person(s) listed: 

(last name, first name, address) 
  

 
 14 General Terms and Conditions 

The savings bank expressly points out that its General Terms and Conditions are additionally an integral part of the agreement. The General Terms and
Conditions may be examined in the counter halls of the savings bank and shall be made available upon request.1 
  

	1 	Each contractual partner of the savings bank shall receive a copy of the General Terms and Conditions, if no business relationship yet exists and the conclusion of the contract occurs outside the savings bank.

  

							
	Place, Date	  		  	Place, Date
	 <Gersthofen, September 22, 2015>
	  		  	 Augsburg, September 18, 2015

	Signature(s) Borrower	  		  	Signature(s) Sparkasse
				
	[stamp: ExOne GmbH	  		  		  	
	Daimlerstr. 22	  		  		  	
	86368 Gersthofen, Germany	  		  		  	
	Tel.: + 49(0)821 / 65063-0	  		  		  	
	Fax: +49(0)821 / 65063-111	  		  		  	
	Email: europe@exone.com]	  		  		  	
	[Signature]	  		  		  	
			
	ExOne GmbH	  		  	Stadtsparkasse Augsburg
		  		  	[Signature]	  	[Signature]
	represented by: <ERIC BADER>	  		  	Michael Quilitzsch	  	Martin Schrüfer
	  
	  		  	  

 The contract and the copy/copies are to be signed by all borrowers designated on page 1 hereof! Each borrower shall receive
a copy of the loan agreement. 
 Legitimacy check according to Section 154(2) of the German Tax Code/Identification according to the German Money
Laundering Act: 
 Last name, date of birth, place of birth, nationality, type of ID (identity card type, identity card number, issued by) or reference
to the ID/identification obtained: 
 ExOne GmbH, July 07, 2003, German / Commercial Register, B 20036, Augsburg Local Court 

Information reviewed and for the correctness of the
signatures:                                       
                          on: 

  
 Page 3 of 3Exhibit 10.1

 

 

October 26, 2015

 

Jon Rubin

108 West Mountain Rd
 West Simsbury, CT 06092

 

Dear Jon:

 

Reference is hereby made to a certain employment agreement between Jonathan Rubin and Magellan Health Services, Inc. (‘Magellan”), dated August 11, 2008, as amended (the “Employment Agreement”), an amendment to the Employment Agreement dated April 28, 2014 (the “First Amendment”) and an amendment to the Employment Agreement dated April 28, 2015 (the “Second Amendment”). This letter will memorialize a third amendment to the Employment Agreement between you and Magellan as follows:

 

1.              The First Amendment and the Second Amendment are hereby terminated and are null and void.

 

2.              You shall remain employed with Magellan as Chief Financial Officer pursuant to the terms of the Employment Agreement as further amended pursuant to the terms of this letter amendment (the “Third Amendment”).

 

3.              Pursuant to Magellan’s Equity Award Policy and Magellan’s 2011 Management Incentive Plan, you will be granted stock options vesting in equal pro-rata amounts over three years on each anniversary date of such grant at an exercise price equal to the closing price of a share of Magellan Common Stock (“Common Stock”) on the date of grant. The number of options to be awarded shall be equal to $1,252,610 divided by the Black Scholes value of a share of Common Stock on the date of grant as determined by Magellan consistent with the usual methodology for the grants to other Magellan employees. The term of such options shall be ten years.

 

4.              Pursuant to Magellan’s Equity Award Policy and the 2011 Management Incentive Plan, you will be granted Restricted Stock Units vesting in equal pro-rata amounts over three years on each anniversary date of such grant equal to $390,000 divided by the closing price of the Common Stock on the date of grant.

 

5.              Upon your retirement from employment with Magellan as defined in Magellan’s Equity Retirement Policy (except for the requirement that you be age 65 or older), all of your outstanding and unvested stock options, restricted stock units and performance share units

 

4800 N. Scottsdale Road, Suite 4400, Scottsdale, AZ 85251 Office 602.572.2520 Fax 888.656.6003

 

 

shall continue to vest in accordance with their original terms without any requirement of your continued employment with Magellan. You will not be considered retired for this purpose if you become a full- time employee or if you are employed by another employer to serve as Chief Financial Officer or an executive officer. You will have the right to be considered retired for this purpose if you serve on boards of directors and/or become a part-time consultant.

 

6.              Except as amended in this letter, the terms of your Employment Agreement and the First Amendment shall remain in full force and effect.

 

Please indicate your agreement to the terms of this letter by signing below.

 

	
Sincerely,
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/   Barry Smith
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Barry   Smith
    	
 
    	
 
    
	
Chairman   and CEO
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Agreed   and Accepted:
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By
    	
/s/   Jonathan Rubin
    	
 
    	
Date:
    	
October 26,   2015
    
	
 
    	
Jonathan Rubin
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
cc:   File

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