Clarification Letter Regarding Change of Control Definition in Employment Agreement between InterTAN, Inc. and Jeffrey A. Losch

Summary

This letter from InterTAN, Inc. to Jeffrey A. Losch clarifies the definition of "change of control" as referenced in a previous amendment to Losch's employment agreement. 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 serves to ensure both parties have a clear, shared understanding of this key term in the employment arrangement.

EX-10.(D) 5 dex10d.txt LETTER FROM INTERTAN, INC. TO JEFFREY A. LOSCH EXHIBIT 10(d) [LOGO] INTERTAN, INC. [LETTERHEAD OF INTERTAN, INC.] February 19, 2001 Mr. Jeffrey A. Losch 3300 Highway # 7 Suite 904 Concord, ON L4K 4M3 Dear Jeff: Re: Clarification to Feb 15, 2000 Amendment to Employment Letter Your employment letter dated February 23, 1999 was amended by a letter agreement dated February 15, 2000 (the "Amending Letter Agreement"). By way of clarification to 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