Salary Reduction Agreement between Philip A. Baratelli and Clarus Corporation (August 6, 2009)

Summary

Philip A. Baratelli and Clarus Corporation have agreed that Mr. Baratelli's base salary will be reduced by 10% from his current salary of $200,000 to help the company lower its operating expenses. The agreement is governed by New York law and is effective upon signing by both parties. Both Mr. Baratelli and the company's Chairman and CEO, Warren B. Kanders, have signed the agreement.

EX-10.12 3 v156214_ex10-2.htm Unassociated Document

EXHIBIT 10.2

PHILIP A. BARATELLI

August 6, 2009

Clarus Corporation

One Landmark Square

Stamford, CT 06901

Re:

Clarus Corporation (the “Company”)

Dear Sirs:

In order to facilitate the Company’s efforts to reduce its level of operating expenses, I agree to a ten percent (10%) reduction of my current base salary of $200,000. This letter agreement is made an executed and shall be governed by the laws of the State of New York, without regard to the conflicts of laws principles thereof. This letter agreement may be signed in counterparts, each of which shall be deemed to be an original and all of which shall constitute one agreement. If this letter agreement correctly expresses our mutual intentions, please execute and return the enclosed copy of this letter agreement to the undersigned.

	By:	/s/ Philip A. Baratelli
		Philip A. Baratelli

AGREED TO AND ACCEPTED

ON AUGUST 6, 2009

CLARUS CORPORATION


By:	/s/ Warren B. Kanders
	Name: Warren B. Kanders
	Title: Chairman and Chief Executive Officer