Document:

Exhibit 10.2

 

AMENDMENT NUMBER ONE

TO THE AMENDED AND RESTATED

NEIMAN MARCUS, INC.

MANAGEMENT EQUITY INCENTIVE PLAN

 

This Amendment Number One to the Amended and Restated Neiman Marcus, Inc. Management Equity Incentive Plan (the “Amendment”) is made effective as of November 7, 2012, with respect to all Options outstanding as of such date and granted on or after such date, by Neiman Marcus, Inc., a Delaware corporation (the “Company”).

 

W I T N E S S E T H:

 

WHEREAS, the Neiman Marcus, Inc. Management Equity Incentive Plan, as amended (the “Plan”) was established by the Company effective as of November 29, 2005; and

 

WHEREAS, the Company now desires to amend the Plan to increase the number of Fair Value Options reserved for issuance thereunder;

 

NOW, THEREFORE, pursuant to the authority reserved in Section 4.12, the Plan is amended as follows:

 

1.                                      Section 4 of the Plan is hereby amended and restated in its entirety as follows:

 

Subject to adjustment as provided in Section 4.13 hereof, the Board may grant to Participants Options to purchase shares of Common Stock of the Company that, in the aggregate, do not exceed 115,792.282 shares of Common Stock, of which 41,642.39550 shall be Performance Options and 74,149.8865 shall be Fair Value Options.  To the extent that any Option granted under the Plan terminates, expires or is cancelled without having been exercised, the shares of Common Stock covered by such Option shall again be available for Grant under the Plan.

 

2.                                      Except as otherwise specifically set forth herein, all other terms and conditions of the Plan shall remain in full force and effect.

 

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on its behalf by its duly authorized officer on this the 7th day of November, 2012.

 

 

	
 
    	
 
    	
NEIMAN   MARCUS, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:  
    	
/s/ James E. Skinner
    
	
 
    	
 
    	
Executive Vice President, Chief Operating  Officer and Chief Financial   OfficerExhibit 10.3

 

SECOND AMENDMENT

TO

DIRECTOR SERVICES AGREEMENT

 

This Second Amendment to Director Services Agreement (the “Amendment”) is made and entered into effective as of October 31, 2012, by and between Neiman Marcus, Inc., a Delaware corporation (“NMI”), The Neiman Marcus Group, Inc., a Delaware corporation (“NMG”) and Burton M. Tansky (the “Executive”).

 

W I T N E S S E T H:

 

WHEREAS: NMI and NMG and Executive entered into a Director Services Agreement effective as of April 26, 2010 (the “Agreement”); and

 

WHEREAS: NMI and NMG and Executive entered into the First Amendment to Director Services Agreement effective as of October 31, 2011 extending the Term (as defined in the Agreement) through December 31, 2012; and

 

WHEREAS: NMI and NMG and Executive now desire to further amend the Agreement to extend the Term (as defined in the Agreement) through December 31, 2013;

 

NOW THEREFORE, in consideration of the premises, the parties do hereby agree as follows:

 

1.                                      Paragraph 2 of the Agreement is hereby amended and restated in its entirety as follows:

 

2.                                      Term.   The term of this Agreement shall be from October 6, 2010 through December 31, 2013 (the “Term”) The Term shall not renew or be extended absent an express written agreement otherwise between the parties.  Prior to the expiration of the Term, the Boards of Directors of the Companies will discuss whether to extend the Term.  No refusal by either or both of the Companies to extend the Term or by Tansky to agree to such an extension shall result in any liability to any of the parties to this Agreement.  Unless the parties agree to extend the Term, this Agreement and the obligations in this Agreement will terminate at the expiration of the Term and Tansky will resign from the Boards of Directors of the Companies effective at the expiration of the Term.

 

2.                                      Except as otherwise specifically set forth herein, all other terms and conditions of the Agreement shall remain in full force and effect.

 

 

IN WITNESS WHEREOF, NMI and NMG have caused this Amendment to be executed on each entities behalf by its duly authorized officer, and the Executive has executed this Amendment, effective on this the 31st day of October, 2012.

 

 

	
 
    	
 
    	
THENEIMAN   MARCUS GROUP, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:  
    	
/s/   James E. Skinner
    
	
 
    	
 
    	
James   E. Skinner  
    Executive   Vice President, Chief Operating  Officer and Chief Financial   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NEIMAN   MARCUS, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:  
    	
/s/   James E. Skinner
    
	
 
    	
 
    	
James   E. Skinner  
    Executive   Vice President, Chief Operating  Officer and Chief Financial   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
EXECUTIVE
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   Burton M. Tansky
    
	
 
    	
 
    	
Burton   M. Tansky
    

 

2Exhibit 10.1

 

AMENDMENT NO. 03

 

Dated November 30, 2012

 

TO

that certain Loan and Security Agreement No. 1991

dated as of March 21, 2011, as amended (“Agreement”), by and between

LIGHTHOUSE CAPITAL PARTNERS VI, L.P. (“Lender”) and

KYTHERA BIOPHARMACEUTICALS, INC.    (“Borrower”).

 

WHEREAS,  Borrower and Lender have previously entered into the Agreement;

 

WHEREAS,  Borrower has requested that Lender modify certain terms of its existing term loan financing under the Agreement;

 

WHEREAS, Lender has agreed to do so under the Agreement, subject to all of the terms and conditions hereof and of the Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, the parties hereby agree to modify the Agreement and to perform such other covenants and conditions as follows:

 

(All capitalized terms not otherwise defined herein shall have the meanings given to such terms in the Agreement.)

 

Without limiting or amending any other provisions of the Agreement, Lender and Borrower agree to the following amendments and modifications:

 

I.                                        Section 1.1 of the Agreement, the following definitions shall be deleted in their entirety and replaced with the following:

 

“Commitment Termination Date” means the earliest to occur of (i) February 28, 2013; (ii) at Lender’s discretion, any Event of Default; (iii) the date on which Keith Leonard ceases to serve as President and Chief Executive Officer of Borrower; (iv) the date on which Versant Ventures, Prospect Venture Partners, or ARCH Venture Partners cease to have a representative on Borrower’s Board of Directors; or (v) the date on which the Borrower ceases to be in the business of developing novel therapeutics for aesthetic medicine.

 

II.                                   Section 1.1 of the Agreement, the following definition shall be added:

 

“Amendment 03”  means Amendment No. 03 to the Agreement between Borrower and Lender dated as of November 30, 2012.

 

III.                              Section 2.1 of the Agreement shall be deleted and replaced with the following:

 

2.1                               Commitment.  Subject to the terms hereof, Lender will make one or more Advances to Borrower up to the principal amount of the Commitment, on or before the Commitment Termination Date; provided however, that Lender will have no obligation to Advance any amount of the undisbursed Commitment during the period November 30, 2012 through January 1, 2013; and provided further that Lender will have no obligation to fund Advances in excess of (a) $5,000,000 of Advances during the calendar month of January 2013 and (b) $5,000,000 of Advances during the calendar month of February 2013.  Notwithstanding anything in the Loan Documents to the contrary, Lender’s obligation to make any Advances or to lend the undisbursed portion of the Commitment shall terminate on the Commitment Termination Date.  Repaid principal of the Advances may not be re-borrowed.

 

 

IV.                               Conditions Precedent to the effectiveness of Amendment 03:

 

The obligation of Lender to enter into this Amendment 03 is subject to the performance and fulfillment of each and every of the following conditions precedent in form and substance satisfactory to Lender in its sole discretion:

 

(a)                                 This Amendment 03 shall have been duly executed and delivered by Borrower.

 

(b)                                 Without limiting the foregoing or Lender’s rights or Borrower’s Obligations under the Agreement, such consents, including the approvals of Borrower’s board of directors, amendments, filings, recordations, or other documents from any persons or entities necessary to maintain the perfection and priority of Lender’s security interest in the Collateral as originally configured, in form and substance satisfactory to Lender in its sole discretion, shall have been delivered by Borrower to Lender.

 

(c)                                  A good standing certificate from Borrower’s state of incorporation or formation and the states in which Borrowers maintain a place of business, together with certificates of the applicable governmental authorities stating that Borrower is in compliance with the franchise tax laws of each such state (to the extent available as of the date hereof), each dated as of a recent date shall have been delivered to Lender.

 

(d)                                 All necessary consents of the board of directors, shareholders, members, and other third parties with respect to the execution, delivery and performance of Agreement, Amendment 01, Amendment 02, Amendment 03, and the other Loan Documents shall have been delivered to Lender.

 

VI.                               Additional Terms and Conditions

 

(a)                                 Further Conditions.  The following are conditions precedent to Lender’s obligations hereunder,:

 

(i)                                     Borrower shall execute and deliver all other documents, as Lender shall have reasonably requested prior to the execution by Borrower and Lender of this Amendment 03.

 

(ii)                                  Borrower shall agree to promptly pay all Lender’s Expenses for the preparation and negotiation of this Amendment 03 when requested.

 

(b)                                 Representations and Warranties of Borrower. Borrower reaffirms that the representations and warranties made to Lender in the Agreement are true and correct in all material respects as of the date hereof (other than representations and warranties made on a specific date, in which case such representations and warranties shall be true and correct in all material respects as of the date made) as though fully set forth herein. Borrower further warrants and represents, as a significant material inducement to Lender to enter hereinto, that: (i) no Events of Default have occurred that have not been disclosed to Lender by Borrower in writing and all previously disclosed Events of Default have been cured; (ii) it is not and has no reason to believe it may be named as a party to any judicial or administrative proceeding, litigation or arbitration, and has not received any communication from any person or entity (whether private or governmental) threatening or indicating the same, except as previously disclosed to Lender in writing; (iii) it is in full compliance with Section 7.10 of the Agreement; and (iv) the information provided on the Disclosure Schedule provided to Lender in connection with this Amendment 03 is complete and accurate.

 

(c)                                  No Control.  Borrower warrants and represents, as a significant material inducement to Lender to enter hereinto, that none of Lender nor any affiliate, officer, director, employee, agent, or attorney of Lender, have at any time, from Borrower’s date of formation through to the date hereof, (i) exercised management or other control over the Borrower, (ii) exercised undue influence over Borrower or any of its officers, employees or directors, (iii) made any representation or warranty, express or implied, to any party on behalf of Borrower, (iv) entered into any joint venture, agency relationship, employment relationship, or partnership with Borrower, (v) directed or instructed Borrower on the manner, method, amount, or identity of payee of any payment made to any creditor of Borrower, and further, Borrower warrants and represents that by entering hereinto Lender has not, is not and will not have engaged in any of the foregoing.

 

 

VII.                          Integration Clause.  This Amendment 03 and the Agreement (as amended by Amendment 01, Amendment 02 and this Amendment 03)  represents and documents the entirety of the agreement and understanding of the parties hereto with respect to its subject matter.  All prior understandings, whether oral or written, other than the Loan Documents, are hereby merged hereinto.  NONE OF THE AGREEMENT OR THIS AMENDMENT 03 MAY BE MODIFIED EXCEPT BY A WRITING SIGNED BY LENDER AND BORROWER.  Each provision hereof shall be severable from every other provision when determining its legal enforceability such that Lender’s rights and remedies under this Amendment 03and the Agreement may be enforced to the maximum extent permitted under applicable law.  This Amendment 03 shall be binding upon, and inure to the benefit of, each party’s respective permitted successors and assigns.  This Amendment 03 may be executed in counterpart originals, all of which, when taken together, shall constitute one and the same original document.  No provision of any other document between Lender and Borrower shall limit the effectiveness hereof or the rights and remedies of Lender against Borrower.

 

Except as amended hereby, the Agreement remains unmodified and unchanged.

 

 

	
BORROWER:
    	
 
    	
LENDER:
    
	
 
    	
 
    	
 
    
	
KYTHERA BIOPHARMACEUTICALS, INC.
    	
 
    	
LIGHTHOUSE   CAPITAL PARTNERS VI, L.P.
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   John W. Smither
    	
 
    	
By:
    	
LIGHTHOUSE   MANAGEMENT
    
	
 
    	
 
    	
 
    	
 
    	
PARTNERS   VI, L.L.C., its general partner
    
	
Name:
    	
John   W. Smither
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Title:
    	
CFO
    	
 
    	
By:
    	
/s/   Ryan Turner
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Name:
    	
Ryan   Turner
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Title:
    	
Managing   Director

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