SEC Contract Filing

Filing Date: 2016-02-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.47
<SEQUENCE>3
<FILENAME>ceco-ex1047_533.htm
<DESCRIPTION>EX-10.47
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
ceco-ex1047_533.htm
</title>
</head>
<!-- NG Converter v4.0.3.7 -->
<body>

<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Exhibit 10.47</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:7pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:6pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:1pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:1pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:1pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3/7/2014</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:5pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dear<font style="letter-spacing:-0.45pt;"> </font>Andrew,</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:5pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-right:1.34%;text-indent:-0.05%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Welcome<font style="letter-spacing:1.3pt;"> </font>to<font style="letter-spacing:1.05pt;"> </font>Colorado<font style="letter-spacing:-0.65pt;"> </font>Technical<font style="letter-spacing:-1.15pt;"> </font>University!<font style="letter-spacing:2.55pt;"> </font>I<font style="letter-spacing:-0.2pt;"> </font>am<font style="letter-spacing:-0.7pt;"> </font>pleased<font style="letter-spacing:-0.7pt;"> </font>to<font style="letter-spacing:0.95pt;"> </font>extend<font style="letter-spacing:-0.15pt;"> </font>an<font style="letter-spacing:-0.7pt;"> </font>offer<font style="letter-spacing:1.15pt;"> </font>to<font style="letter-spacing:0.9pt;"> </font>you<font style="letter-spacing:0.45pt;"> </font>for<font style="letter-spacing:0.6pt;"> </font>the<font style="letter-spacing:0.5pt;"> </font>position<font style="letter-spacing:0.6pt;"> </font>of<font style="letter-spacing:0.9pt;"> </font>President, Colorado<font style="letter-spacing:0.6pt;"> </font>Technical<font style="letter-spacing:-1.75pt;"> </font>University.<font style="letter-spacing:1.95pt;"> </font>Your<font style="letter-spacing:-0.95pt;"> </font>start<font style="letter-spacing:0.1pt;"> </font>date<font style="letter-spacing:0.1pt;"> </font>will<font style="letter-spacing:1.15pt;"> </font>be<font style="letter-spacing:-0.25pt;"> </font>April<font style="letter-spacing:-0.05pt;"> </font>7,<font style="letter-spacing:-1.75pt;"> </font>2014<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.8pt;"> </font>your<font style="letter-spacing:0.7pt;"> </font>position<font style="letter-spacing:1.25pt;"> </font>will<font style="letter-spacing:0.5pt;"> </font>be<font style="letter-spacing:-0.15pt;"> </font>based<font style="letter-spacing:-0.25pt;"> </font>in<font style="letter-spacing:0.3pt;"> </font>Schaumburg, IL.<font style="letter-spacing:0.95pt;"> </font>This<font style="letter-spacing:-0.2pt;"> </font>offer<font style="letter-spacing:1.75pt;"> </font>is<font style="letter-spacing:-0.6pt;"> </font>contingent<font style="letter-spacing:0.7pt;"> </font>upon<font style="letter-spacing:-0.05pt;"> </font>successful<font style="letter-spacing:-0.6pt;"> </font>completion<font style="letter-spacing:1.35pt;"> </font>of<font style="letter-spacing:1.05pt;"> </font>reference<font style="letter-spacing:-0.5pt;"> </font>and<font style="letter-spacing:-0.25pt;"> </font>background<font style="letter-spacing:-0.25pt;"> </font>checks,<font style="letter-spacing:-1.75pt;"> </font>final<font style="letter-spacing:-0.4pt;"> </font>approval<font style="letter-spacing:0.15pt;"> </font>by<font style="letter-spacing:0.2pt;"> </font>our Compensation<font style="letter-spacing:0.25pt;"> </font>Committee<font style="letter-spacing:0.55pt;"> </font>and<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:0.8pt;"> </font>execution<font style="letter-spacing:-0.45pt;"> </font>of<font style="letter-spacing:0.35pt;"> </font>a<font style="letter-spacing:-0.5pt;"> </font>non-compete.<font style="letter-spacing:-0.55pt;"> </font>The<font style="letter-spacing:-0.85pt;"> </font>terms<font style="letter-spacing:0.55pt;"> </font>of our<font style="letter-spacing:1.1pt;"> </font>offer<font style="letter-spacing:0.8pt;"> </font>are<font style="letter-spacing:-0.7pt;"> </font>as<font style="letter-spacing:-1.05pt;"> </font>follows:</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:13pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbs