First Amendment to Employment Agreement, dated January 27, 2021, by and between Inter-American Management LLC and Jeffrey Busch

Contract Categories: Human Resources - Employment Agreements
EX-10.4 5 gmre-20210331xex10d4.htm EX-10.4

Exhibit 10.4

Jeffrey Busch

4515 Foxhall Crest NW

Washington, DC 20007

January 27, 2021

Dear Jeff:

First Amendment to Employment Agreement

This letter memorializes our mutual agreement to amend the Employment Agreement between you and Inter-American Management LLC dated July 9, 2020 (the “Employment Agreement”) as set forth below.

Effective as of January 1, 2021 the second sentence of Section 3(b) of the Employment Agreement shall be deleted and replaced with the following sentence:

“The performance goals for an applicable calendar year (the “Bonus Year”) shall be established by the Board (or a committee thereof), following consultation with Employee, and communicated to Employee within the first seventy-five (75) days of the applicable Bonus Year.”

Except as set forth above, the terms of the Employment Agreement are not to be amended by this letter and are hereby ratified and affirmed.

To confirm your agreement to the amendment set forth above, please sign below and return a signed copy of this letter to Jamie Barber at ***@***.  This letter may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument.  This letter may be executed by electronic signature, which shall be valid for all purposes.

Sincerely,

Inter-American Management LLC

By:

/s/ Jamie Barber

Name:

Jamie Barber

Title:

General Counsel


ACKNOWLEDGED AND AGREED:

/s/ Jeffrey Busch

Jeffrey Busch

[signature page to First Amendment to Employment Agreement]