Amendment Contract Clauses (38,133)

Amendment. Except as provided in Section 15, no amendment or modification to this Employment Agreement shall be effective unless it is in writing and signed by an authorized representative of Bakkt and by Executive.

Amendment. Section 2 of the Agreement is hereby amended with the following: Subject to the terms hereof the term of this agreement, Executive's employment under this Agreement shall commence on January 1, 2018 (the "Effective Date") and shall continue until May 31, 2022 (the "Term") unless earlier terminated pursuant to the provisions hereof.

Amendment. The fourth sentence of Section 3(a)(iii) is hereby deleted in its entirety and replaced with the following: "In addition, the Board may, in its sole discretion, award the Executive a cash performance bonus (the "Performance Bonus") equal to approximately 30% of his then outstanding Base Salary at the end of each year in addition to an equity bonus in the sole discretion of Board, with the actual amount of any such bonus increased or decreased in the sole discretion of the Board."

Amendment. Section 3.1 of the Employment Agreement is hereby deleted in its entirety and replaced with the following: "3.1 Base Salary. During the Term of Employment, the Executive shall initially receive a base salary per annum of Four Hundred Thousand Dollars ($400,000), payable in cash in accordance with the Company's normal payroll practices as in effect from time to time. During the Term of Employment, the Board may periodically review the Executive's base salary and the Board (excluding the... Executive) may, in its sole discretion, set such base salary to an amount it determines to be appropriate, provided, however, that any reduction will qualify as Good Reason under Section 1.11. The Executive's base salary, as may be in effect from time to time, is referred to herein as "Base Salary." View More

Amendment. The fourth sentence of Section 3(a)(iii) is hereby deleted in its entirety and replaced with the following: "In addition, the Board may, in its sole discretion, award the Executive a cash performance bonus (the "Performance Bonus") equal to approximately 30% of his then outstanding Base Salary at the end of each year in addition to an equity bonus in the sole discretion of Board, with the actual amount of any such bonus increased or decreased in the sole discretion of the Board."

Amendment. Section 3.1 of the Employment Agreement is hereby deleted in its entirety and replaced with the following: "3.1 Base Salary. During the Term of Employment, the Executive shall initially receive a base salary per annum of Four Hundred Thousand Dollars ($400,000), payable in cash in accordance with the Company's normal payroll practices as in effect from time to time. During the Term of Employment, the Board may periodically review the Executive's base salary and the Board (excluding the... Executive) may, in its sole discretion, set such base salary to an amount it determines to be appropriate, provided, however, that any reduction will qualify as Good Reason under Section 1.11. The Executive's base salary, as may be in effect from time to time, is referred to herein as "Base Salary." View More

Amendment. This Agreement cannot be altered or amended except in writing signed by you and the CEO or President of the Edesa Entities.

Amendment. Any modification to or waiver of this Agreement will be effective only if it is in writing and signed by the parties to this Agreement. Notwithstanding the previous sentence, the Company may modify or amend this Agreement in its sole discretion at any time without the further consent of the Employee in any manner necessary to comply with applicable law and regulations or the listing or other requirements of any stock exchange upon which the Company or its Affiliate is listed.

Amendment. This Agreement cannot be altered or amended except in writing signed by you and the CEO or President of the Edesa Entities.

Amendment. Any modification to or waiver of this Agreement will be effective only if it is in writing and signed by the parties to this Agreement. Notwithstanding the previous sentence, the Company may modify or amend this Agreement in its sole discretion at any time without the further consent of the Employee in any manner necessary to comply with applicable law and regulations or the listing or other requirements of any stock exchange upon which the Company or its Affiliate is listed.