EX-10.(O) 5 exhibitfatis1stamendtoempl.htm EXHIBIT 1ST AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10(o)
FIRST AMENDMENT
TO
EMPLOYMENT AGREEMENT
THIS FIRST AMENDMENT (this "A mendment", dated as of March 19, 2014, to the Employment Agreement, dated as of November 12, 2007 (the "Agreement"), by and between P erma-Pipe, Inc., a Delaware corporation ("Perma-Pipe" or th e "E mployer"), and Fati Elgendy (the "Employee") is made by and between the Emp l oyer and the Employee.
WHEREAS, the Employer and the Emp l oyee desire to amend the Agreement to extend the Initial Term (as defined in the Agreement).
NOW THEREFORE, in consideration of the mutual promises and covenants contained in this Amendment, the Agreement is hereby amended as follows:

1. | Employment Term. Section l i s hereby amended by adding the bolded italicized language and deleting the bolded, italicized and stricken langua ge so that it reads as follow s:

"The Employer agrees to employ the Employee and the Employee agrees to serve in the e mplo y of the Employer from the date of this Agreement through January 31, 2017 for period of (5) years commencing on February 1, 2007, (the "I niti a l Term"), in the position and with the r esponsibil iti es and duties set forth in Section 2 and on the ot her terms and conditions set forth in this Agreement. After the expiration of the Initi a l Term the Agreement will renew automatically for s ub se quent one year terms unle ss written notice i s given by either party at lea st s i x (6) months in advance of the expira ti on of th e Initial Term or an y subseq u ent term. (T h e Initial Term as so extended i s referred to herein as the "Te rm".)

2. | Confirmation of the Agreement. Except as expressly set forth herein, the Agreement, including, but not limit ed to, all provi s ion s relating t o term and termination, shall remain in fu ll force and effect.

3. | Counterparts. This Amendment may be executed in one or more counterparts, each of which s hall be deemed an original, but a ll of which together shall constitute one and th e same in s trument.

EMPLOYER: | EMPLOYEE:
Perma-Pipe Inc., a Delaware Corporation |
By: /s/ David Unger | By: /s/ Fati Elgendy
Name: David Unger | Name: Fati Elgendy
Its: Chairman |