Amendment of Article 3. Article 3—Bonus, of the Employment Agreement is hereby amended and restated to read in its entirety as follows:
Amendment of Article 3. (a) Section 3.01 of the Agreement is deleted in its entirety and replaced with the following:
Amendment of Article 3. The definition of Loan Documents set forth in Article 3 is amended to include any modifications of the Loan Agreement, including this Agreement and the First Modification.
Amendment of Article 3. 4. Article 3.4 is hereby amended as follows, in line 15 after “or Agonist Compound.”, the next sentence “When both the NAM Operational Team and XXX Operational Teams cease to exist the JDC shall cease to exist.” shall be deleted and replaced by the following sentence: “The JDC shall cease to exist when either JPI or Addex individually, in their sole discretion, decides to terminate the existence of the JDC.”
Amendment of Article 3. Effective as of the date hereof, Article 3 of the Agreement is hereby deleted and replaced with the following: “The purpose and character of the business of the Company is to (i) organize and capitalize one or more subsidiaries, including the Subsidiaries, and (ii) to cause the Company and/or its subsidiaries to develop, construct, own, operate and dispose of dry mill ethanol production facilities and to undertake and carry on any activity incidental thereto or in furtherance thereof.” FIRST AMENDMENT TO LIMITED LIABILITY COMPANY AGREEMENT 236132
Amendment of Article 3. Section 3.01 and the first paragraph of Section 3.03 of the Indenture are hereby amended to modify minimum notice periods by deleting “at least 30 days” and replacing it with “at least 20 days.”
Amendment of Article 3. 3. Article 3.3 of the Agreement is ------------------------ amended by adding the following phrase between the words "Licensee" and "relating" in the second sentence thereof: ", or developed on behalf of Licensee and to which Licensee has the right to grant an exclusive, unrestricted license to Licensor,"
Amendment of Article 3. (a) Section 3.1(a) shall be amended to change the reference to “Two Hundred Fifty-Five Dollars ($255.00) in cash, without interest (the “Cash Merger Consideration”)” to “Two Hundred Sixty-Six and 23/100 Dollars ($266.23) in cash, without interest (the “Cash Merger Consideration”)”.
Amendment of Article 3. 03. Article 3.03 of the Existing License is hereby amended and restated to read in its entirety as follows:
Amendment of Article 3. (a) Section 3.1 of the Mortgage is hereby amended by deleting Section 3.1 and substituting the following:
