Attached files
| file | filename |
|---|---|
| 8-K - Clarus Corp | v196124_8k.htm |
| EX-10.1 - Clarus Corp | v196124_ex10-1.htm |
AMENDMENT
NO. 1 TO
TRANSITION
AGREEMENT
THIS
AMENDMENT NO. 1 TO TRANSITION AGREEMENT (this “Amendment”) is entered
into as of the 1st day of
September 2010, by and between Clarus Corporation (“Clarus”), a Delaware
corporation having its principal office at 2084 East 3900 South, Salt Lake City,
Utah 84124, and Kanders & Company, Inc. (the “Company”), a Delaware
corporation having its principal office at One Landmark Square, 22nd Floor,
Stamford, Connecticut 06901.
WHEREAS,
Clarus and the Company are parties to a Transition Agreement dated as of May 28,
2010 (the “Transition Agreement”). Capitalized terms not otherwise defined in
this Amendment shall have their respective meanings as set forth in the
Transition Agreement; and
WHEREAS,
Clarus and the Company now desire to amend the Transition
Agreement.
NOW
THEREFORE, for good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the parties agree as
follows:
1. The
first sentence of Section 2(a) of the Transition Agreement is hereby amended and
restated in its entirety to read as follows:
“Clarus hereby retains the
Company to provide mutually agreed upon transition services in connection with
the Acquisition (the “Services”) through December 31, 2010 (the
“Term”).”
2. Except
as expressly amended by this Amendment, the Transition Agreement remains in full
force and effect.
3. This
Amendment is made and executed and shall be governed by the laws of the State of
New York, without regard to the conflicts of law principles
thereof.
4. This
Amendment may be executed in any number of counterparts (and by facsimile or
other electronic signature), but all counterparts will together constitute but
one agreement.
IN
WITNESS WHEREOF, each of the parties hereto have duly executed this
Amendment No. 1 to the Transition Agreement as of the date set forth
above.
|
Clarus
Corporation
|
Kanders
& Company,
Inc.
|
|
By: /s/ Robert
Peay
|
By:
/s/ Warren B.
Kanders
|
|
Name: Robert
Peay
|
Name: Warren B.
Kanders
|
|
Title:
Chief Financial Officer
|
Title: President
|