Clarification Letter Regarding Change of Control Definition Between InterTAN, Inc. and Douglas C. Saunders

Summary

This letter from InterTAN, Inc. to Douglas C. Saunders clarifies the definition of "change of control" as referenced in a previous amendment to Saunders' employment letter. It states that a change of control will be considered to have occurred if any events described in Sections 8.5(a), (b), or (c) of InterTAN, Inc.'s Deferred Compensation Plan happen. The letter is signed by the company's President and CEO, Brian E. Levy.

EX-10.(C) 4 dex10c.txt LETTER FROM INTERTAN, INC. TO DOUGLAS C. SAUNDERS EXHIBIT 10(c) [LOGO] INTERTAN, INC. [LETTERHEAD OF INTERTAN, INC.] February 19, 2001 Mr. Douglas C. Saunders 3300 Highway # 7 Suite 904 Concord, ON L4K 4M3 Dear Doug: Re: Clarification to Feb 15, 2000 Amendment to Employment Letter Your employment letter dated March 10, 1995 was amended by a letter agreement dated February 15, 2000 (the "Amending Letter Agreement"). By way of clarification to paragraph 2 of the Amending Letter Agreement, we wish to confirm that the term "change of control" used therein will be deemed to have occurred if any of the events described in Sections 8.5 (a), (b) or (c) of InterTAN, Inc.'s Deferred Compensation Plan, as amended, takes place. Sincerely, InterTAN, Inc. /s/ Brian E. Levy By: Brian E. Levy President and Chief Executive Officer