Document:

Independent Contractor's Agreement

 EXHIBIT 10.12 
  
 INDEPENDENT CONTRACTOR’S AGREEMENT 
  
 AGREEMENT dated as of the 1st day of October, 2003 between DayStar Technologies, Inc. (“Company”) whose principal address is 900 Golden Gate Terrace, Suite A, Grass Valley, CA 95945 and Karen Schneider
(“CONTRACTOR”), whose principal address is 16975 Alder Circle, Lake Oswego, OR 97034. 
  
 Company is engaged in research, development, promotion and like business activities, including but not limited to, photovoltaic cells, modules, systems
and related products and processes. Company desires to contract and to continue contracting services of CONTRACTOR under circumstance enabling CONTRACTOR to fully and productively participate in the business activities of Company. The Company also
desires to acquire and confirm its proprietary rights in any “Invention” as herein defined which CONTRACTOR might make during his/her contract with Company and to prevent any unauthorized disclosure of “Proprietary Information”
as herein defined by Company. Therefore, in consideration of the contract of CONTRACTOR with Company and in consideration of the mutual understandings and obligations set forth below, Company and CONTRACTOR hereby agree as follows: 
  
 1. Definitions. 
  
 For purposes of this Agreement, the following terms are defined as follows:

  
 (a) “Invention(s)” shall mean discoveries, designs,
improvements, developments, new concepts and new ideas, whether patentable or not, which relate in any way to (i) the subject matter of CONTRACTOR’s work for Company, (ii) the business of Company, or (iii) actual or demonstrably anticipated
research or development, including but not limited to, modifications of photovoltaic cells, modules, systems and products and processes related to the use or production thereof and/or related know-how. 
  
 (b) “Proprietary Information” shall mean information relating to
the business activities of Company, including but not limited to, any invention, equipment, products, product development, research, research project, electronic and/or computer program, scientific, technical or business information, scientific or
production techniques, specifications, data, technology, test procedures or results, know-how, trade secrets, processes, future plan, merchandising or selling techniques, customer list, market study, cost or price study, financial information or
similar business information contributed to, developed by, disclosed or known by CONTRACTOR because of his/her contract with company. 
  
 2. Scope of this Agreement. 
  
 This Agreement shall apply only to the Services (as defined below) after the effective date, and prior to the termination, of this Agreement. This
Agreement constitutes the entire agreement between the Company and the Contractor and supersedes any and all prior agreements, communications, negotiations and representations, whether oral or written, between the Company and the Contractor.

  
 3. Performance of Services. 
  
 The Contractor shall perform, in accordance with this Agreement, those
services as specified in the implementation plan, of which the appropriate section is attached hereto and incorporated herein by this reference. The Contractor possesses sufficient professional experience and training, educational background and
professional skills to perform the services and maintains sufficient equipment and office space suitable to carry out the services. The Contractor acknowledges that the Company may only require that the Contractor perform the Services at certain
times or upon certain conditions. 

 4. Term. 
  

This Agreement shall commence on October 1, 2003 and continue on a month to month basis until terminated in accordance with this Agreement. 

 
 5. Compensation. 
  
 (a) Subcontract Services. In return for faithfully providing the Services in
accordance with this Agreement, the Company shall pay the Contractor certain fees (the “Fees”) as described in the attached “Task Assignments” document hereto and incorporated herein by this reference. 
  
 (b) No Fringe Benefits. As an independent Contractor, the Contractor shall
have no right to any compensation from the Company other than the Fees and the reimbursement of Transportation Related Expenses (as defined below). Without limiting the foregoing, The Company shall have no obligation to provide the Contractor with
(a) industrial accident, worker’s compensation or unemployment insurance; (b) medical insurance or the payment of medical insurance premiums; (c) vacation, sick or holiday pay; (d) payment or withholding of social security or other taxes; or
(e) any other benefits that are now, or may from time to time become, available to employees of The Company. 
  
 (c) Invoices Monthly. Invoices and detailed time reports will be provided by the Contractor to the Company, on the first of each month. Payment of such
invoices will be made to the Contractor within 10 days of receipt of said invoice. 
  
 6. Expenses. 
  
 The
Contractor agrees that expenses in excess of $100 must be approved by the Company in advance of such expenses being incurred. In all cases, Contractor agrees to submit an expense report monthly with all receipts for goods and services paid for by
Contractor. 
  
 7. Confidentiality of Inventions and
Proprietary Information. 
  
 CONTRACTOR will not at any time
during and/or after his/her contract with Company, directly or indirectly disclose to or discuss with anyone outside of Company, or use, or reproduce or publish any Inventions or Proprietary Information which is not otherwise publicly available and
which pertains to the business activities of Company unless CONTRACTOR first secures the written permission of Company to make such disclosure, use, reproduction or publication. Upon termination of contract with Company CONTRACTOR will deliver to
Company all originals and copies in CONTRACTOR’s control or possession of any and all objects, materials, devices, or substances which come into his/her possession by virtue of his/her contract with Company, including any writing, records,
journals, data, drawings, samples, prototype models or photographs which describe, depict, contain or record any Inventions or Proprietary Information. All such items delivered by CONTRACTOR to Company shall be sufficiently identified, and
accompanied with sufficient explanation, to render such items useful to Company in the conduct of its business. 
  
 8. Disclosure of Inventions. 
  
 CONTRACTOR agrees to devote his/her best efforts to the services of Company and to promptly and fully disclose to Company any Inventions made or conceived
by CONTRACTOR either individually or jointly with others. 

 9. Inventions Property of Company. 
  
 CONTRACTOR agrees that any Invention which CONTRACTOR has made or may make in consequence of and during the period of
his/her contract with Company, or within the six-month period following their termination of such contract, shall be the sole and exclusive property of Company, whether or not (a) patent applications are filed thereon; (b) the Invention is utilized
by Company; or (c) the Invention is conceived by CONTRACTOR individually or jointly with others. CONTRACTOR shall assign to Company all right, title and interest to invention(s) as herein before defined. 
  
 However, CONTRACTOR has no obligation to assign to Company any Invention for
which no equipment, supplies, facilities or Proprietary Information of Company was used and which was developed entirely on CONTRACTOR’s own time, unless: 
  

(a) the Invention relates directly to the business of Company, 
  

(b) the Invention relates to actual or demonstrably anticipated research or development work of Company; or 
  
 (c) the Invention results from any work performed by CONTRACTOR for Company.

  
 To determine whether CONTRACTOR has an obligation to assign any Invention to
Company, CONTRACTOR shall promptly make full disclosure of such Invention to Company in writing. 
  
 10. Cooperation by CONTRACTOR. 
  
 Whenever requested by Company, CONTRACTOR agrees to assist and cooperate with Company, at Company’s expense, in: 
  
 (a) the obtaining, maintaining and enforcing of United States and foreign
patents for any Invention. This assistance and cooperation shall include, but is not limited to: 
  

	 	(i)	making application for United States and foreign patents on any Invention if so requested by Company; 

  

	 	(ii)	assigning all of CONTRACTOR’s right, title and interest in and to such Invention and any patent, applications thereon to Company or its designee; 

  

	 	(iii)	executing all documents and rendering all assistance as may be reasonably necessary to protect the rights of Company or its designee and to vest in Company or its designee all
rights to any such Invention, patent application, or patent; 

  
 (b) the registering, maintaining and enforcing of any United States or foreign copyright, mask work or trademark in any Proprietary Information; and 
  
 (c) otherwise seeking, maintaining and enforcing any legal rights to any Proprietary Information, including trade secrets,
of Company. 

 11. Reservation of Prior Inventions. 
  
 Within ten (10) days of the execution of this Agreement, CONTRACTOR shall
submit to Company a written statement listing all issued patents, pending patent applications, and other invention disclosures which CONTRACTOR; 
  
 (a) Currently has or in the past has had any ownership interest in or claimed to; or, 
  
 (b) developed prior to being contracted by Company and, 
  
 which CONTRACTOR desires to remove from this Agreement. If CONTRACTOR has not owned, claimed an interest in or developed any such patents,
pending applications or inventive disclosures, a statement shall so indicate. The statement shall be subject to approval of EMPLOYER in writing. 
  
 12. Miscellaneous. 
  
 (a) This Agreement shall be binding upon and for the benefit of CONTRACTOR and Company, and their respective successors, assigns, designees, and personal
representatives (as well as, in the case of Company, any subsidiary or affiliate of Company); provided that CONTRACTOR may not assign any of the benefits due or which may become due to CONTRACTOR under this Agreement without the prior written
consent of Company. 
  
 (b) In the event of CONTRACTOR’s
death, benefits due or to become due hereunder shall become part of CONTRACTOR’s estate and be distributed to those lawfully entitled thereto. 
  
 (c) In any case in which Company determines that it has no interest in an Invention or other matter covered by this Agreement, Company, by written
statement, may release such an Invention or other matter to CONTRACTOR as designated in the Company Contractor Patent Plan policy. 
  
 (d) Reference to termination of contract with Company shall mean termination of the contract relationship between Company and CONTRACTOR regardless of
whether termination is initiated by Company or CONTRACTOR. 
  
 (e)
This Agreement is not a contract of contract, and no rights to hire or continuation of contract are hereby created. 
  
 (f) If any one or more of the provisions of this Agreement shall for any reason be excessively broad as to duration, scope, activity or subject, it shall
be construed by limiting and reducing such provisions, so as to be enforceable to the extent compatible with the applicable law as it shall then appear. This Agreement shall be governed by the laws of the State of California. 
  

	13.	Termination. 

  
 The restrictions on CONTRACTOR set forth in this Agreement shall survive the termination of contract, whether such termination is with or without cause.
This Agreement shall terminate immediately upon the occurrence of any of the following events: 
  
 (a) Mutual written agreement between The Company and the Contractor; 
  
 (b) The Contractor’s inability to perform the Services for any reason, including without limitation, the death, mental incapacity or physical
disability of the Contractor or any individual owning a 

 controlling equity interest in, employed by or sufficiently necessary to the operations of the Contractor that the
Contractor cannot sufficiently perform the Services; 
  
 (c) The
Contractor’s failure or refusal to faithfully or diligently perform the Services or the provisions of this Agreement; and 
  
 (d) Improper professional or unethical conduct by the Contractor or any individual performing the Services; 
  
 (e) Termination at Will. Contractor and Company expressly acknowledge that
the independent Contractor relationship created by this Agreement is “AT WILL” and that either party may terminate this Agreement for any or no reason upon delivery to the other party, at the address set forth in the first paragraph of
this Agreement, of THIRTY (30) days’ written notice of termination of this Agreement. Delivery of such notice shall be effective upon either personal service, three days following the date upon which such notice is deposited in the U.S. mail,
certified mail, return receipt requested, or one day following deposit with a nationally reputable overnight courier service marked for next-day delivery. 
  
 CONTRACTOR agrees that for a period of one (1) year after termination of his/her contract with Company, that he/she will not individually, or as an agent
of another employer or in any other manner, attempt to exploit any business opportunity of Company which at the time CONTRACTOR terminates contract is within the existing business activities of Company, relates to the actual or demonstrably
anticipated research or development work of Company, or relates to any work performed by CONTRACTOR for Company. 
  
 14. Attorney’s Fees. 
  
 In the event any suit, arbitration proceeding, or action is commenced by either party to enforce any of the terms or provision of this Agreement, the
prevailing party shall be entitled to all costs and reasonable attorneys’ fees (together with the costs and disbursements of such attorneys) incurred therein. 
  
 15. Arbitration. 
  
 All disputes, claims, controversies, or grievances arising out of or in connection with the Services, this Agreement or the breach thereof, shall be
resolved by arbitration in accordance with the voluntary labor arbitration rules of the American Arbitration Association, and any judgment upon the award rendered by the arbitrator may be entered by any court having competent jurisdiction thereof in
the State of California. 
  
 16. Disclosure of Conflicts of
Interest. 
  
 The Contractor shall disclose in writing to The
Company, upon execution of this Agreement, any prior or current business, personal or other relationships between the Contractor and any of the clients or customers of The Company for whom the Contractor may perform services in the future. The
Contractor also shall promptly disclose in writing to The Company, prior to providing any services, the Contractor’s intent to provide services to any client or customer of The Company. 
  
 17. Miscellaneous. 
  
 (a) Governing Law. This Agreement shall be interpreted, construed and
governed according to the laws of the State of California. Any action at law, suit in equity or other judicial or arbitral 

 proceeding for the enforcement or breach of this Agreement or any provision thereof shall be instituted and conducted in
the County of Denver, State of Colorado. 
  
 (b) Amendments. No
amendments, variations, modifications or alterations of the terms and conditions of this Agreement shall be valid unless in writing and signed by all parties hereto. 
  
 (c) Assignability. The Contractor’s rights and obligations under this Agreement are personal in nature, and the
Contractor shall not assign such rights nor delegate such duties without prior written consent of The Company. Any agreement purporting to so assign the rights of the Contractor hereunder, delegate the duties of the Contractor hereunder or both
shall be null and void and of no force or effect. 
  
 (d)
Successors and Assigns. This Agreement shall bind and inure to the benefit of both The Company and the Contractor and their respective successors, permitted assigns, and legal representatives. 
  
 (e) Severability. Any provision of this Agreement deemed illegal or
unenforceable shall be ineffective to the extent of such illegality or unenforceability without invalidating the remaining provisions herein, and any such illegal or unenforceable provision shall be deemed modified in a manner that it is no longer
illegal or unenforceable. 
  
 IN WITNESS WHEREOF, the parties have executed this
agreement as of the date first set forth above. 
  

	
	/s/    KAREN L. SCHNEIDER
	

	Contractor
	
	Karen L. Schneider
	

	 Type or Print Name
 [SSN]

  

	ACCEPTED BY:
		
	By:	 	 
	 	

		
	Title:	 	 
	 	

  
 Attachments: 
  
 A. Task Assignments 
 B. Compensation Plan 
 C. Inventions Reservation 

 Schedule A – Task Assignments 
  

	1.0	During the term of this Agreement, Contractor shall, as requested, render consulting, advisory and business development services to DayStar, be responsible for maintaining contacts
with cognizant commercial and Department of the Defense representatives and other government representatives as agreed to, and directed by the DayStar representative designated. Tasking will include, but not be limited to: 

 

	 	a)	Identify near-term government contract opportunities (DARPA, MDA, Army, AFRL, etc.). 

  

	 	b)	Conduct business development with customers regarding potential electricity projects 

  

	 	c)	Maintain, expand and solidify existing customer relationships and move them to long-term, formal contractual agreements. 

  

	 	d)	Identify and develop business opportunities and establish relationships with new customers of DayStar products. Move these relationships towards long-term, formal contractual
agreements. 

  

	 	e)	Establish administrative procedures especially those that are required for compliance with federal government contracting regulations. 

  

	 	f)	Serve as liaison with subcontractors and key suppliers and establish formal, long-term subcontract agreements with appropriate flow down provisions protecting DayStar.

  

	 	g)	Assist in the establishment of the marketing plan and analysis including new customer identification. 

  

	 	h)	Other tasks as required and requested by designated DayStar representative. 

  
 Schedule B – Compensation Plan 
  

	2.0	The Contractor shall be compensated for this/her performance hereunder at a rate for Consultant services plus travel and other pre-agreed upon expenses undertaken at the direction
of DayStar. A monthly retainer of $2,500 per month is payable according to Section 5 above. Monthly fees for representation include costs for photocopies, long distance telephone, facsimile, messenger, courier, overnight express charges and other
office costs. DayStar will be billed separately for travel required in the representation, and any other nonstandard office expenses. Travel expenses not included in the above monthly fee will be approved by the appropriate DayStar representative in
advance and included as a part of the next month’s billing.Amended and Restated Employment Agreement

 EXHIBIT 10.14 
  
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
  
 This Amended and Restated Employment Agreement (the “Agreement”) is entered into as of April 19, 2001, by
and between DANASTREET INTERNET, INC., a Delaware corporation (the “Company”), and KRISHNA KOLLURI (“Executive”). 
  
 WHEREAS, Executive has special skills and abilities in the management and administration of technology-related enterprises; 
  
 WHEREAS, the Company desires to employ Executive as its Chief Executive
Officer, and Executive is willing to undertake such employment on the terms and conditions set forth in this Agreement; and 
  
 WHEREAS, the Company and the Executive have entered into an Employment Agreement dated as of March 27, 2001 (the “Prior Agreement”) and
wish to amend and restate the Prior Agreement in its entirety. 
  
 NOW, THEREFORE, in consideration of the mutual covenants in this Agreement, the parties agree to amend and restate the Prior Agreement in its entirety as follows: 
  
 1. Effectiveness of Agreement and Employment of Executive. 
  
 1.1 Effectiveness of Agreement. This Agreement shall become effective as of the date first written above (the
“Effective Date”) and shall be in effect through the fourth anniversary of the Effective Date. 
  
 1.2 Employment by the Company. 
  
 (a) The Company hereby employs Executive as its Chief Executive Officer and Executive hereby accepts such employment with the Company. Executive shall
report to, and perform such duties and services for the Company, commensurate with such positions as may be designated from time to time by, the Board of Directors of the Company (the “Board”). During the term of Executive’s
employment with the Company, the Company shall, subject to its fiduciary duties, use its best efforts to include Executive in management’s nominees for election, and recommend the election of Executive, as a member of the Board. In the event
that the employment of Executive with the Company is terminated for any reason, Executive agrees that he will promptly resign from the Board. 
  
 (b) Executive shall perform his duties hereunder at the Company’s headquarters in Santa Clara, California; provided, however, that Executive shall
be required to travel on business on a reasonable basis in connection with the performance of his duties hereunder. Executive shall use his best and most diligent efforts to promote the interests of the Company and shall devote all of his business
time and attention to his employment under this Agreement. 
  
 2.
Compensation and Benefits. 
  
 2.1 Salary. The Company
shall pay Executive for services during his employment under this Agreement a base salary of $16,667.67 per month, which is equal to $200,000 on an annual basis (the “Company Base Salary”). Such Company Base Salary may be 

 
adjusted from time to time in the sole discretion of the Board or Compensation Committee of the Board but in no case will Executive’s base salary be
less than $16,667.67 per month. The Board shall annually review Executive’s compensation and in such review, consider factors including parity of Executive’s compensation with that of Executive’s industry peers. The Company Base
Salary shall be payable in equal installments, no less frequently than monthly, pursuant to the Company’s customary payroll policies in force at the time of payment, less any required or authorized payroll deductions. 
  
 2.2 Benefits. During the term of Executive’s employment with the
Company, Executive shall be entitled to participate, on the same basis and at the same level as other senior officers of the Company in any group insurance, hospitalization, medical, health and accident, disability, fringe benefit and retirement
plans or programs of the Company now existing or hereafter established to the extent that he is eligible under the general provisions thereof. 
  
 2.3 Expenses. Pursuant to the Company’s customary policies in force at the time of payment, Executive shall be promptly reimbursed against
presentation of vouchers or receipts therefor, for all authorized expenses properly and reasonably incurred by him on behalf of the Company in the performance of his duties hereunder. 
  
 2.4 Vacation. Executive shall be entitled to vacation time consistent with the Company’s vacation policies. The
date or dates of such vacations shall be selected by Executive having reasonable regard to the business needs of the Company. 
  
 3. Nature of Employment. 
  
 3.1 At- Will Employment. Executive’s employment with the Company shall at all times be “at will,” which means that either Executive
or the Company may terminate Executive’s employment at any time, for any or no reason, with or without Cause (as defined below). Any contrary representations that may have been made or may be made to the Executive at any time shall be
superseded and governed by this Section 3.1. This Agreement shall constitute the full and complete agreement between Executive and the Company on the “at will” nature of Executive’s employment, which may only be changed in an express
written agreement signed by Executive and a duly authorized officer of the Company. 
  
 3.2 Termination. The Company may terminate Executive’s employment at any time and for any or no reason, and with Cause or without Cause, by giving Executive written notice in writing. Executive may
terminate his employment by giving the Company written notice in writing. Executive’s employment shall terminate automatically in the event of his death. 
  

4. Restricted Stock Grant; Stock Options. 
  
 4.1 Restricted Stock. Executive will be granted fully exercisable stock purchase rights (the “Stock Purchase Rights”) to purchase
1,714,286 shares of the Company’s common stock at a purchase price equal to $0.06 per share (the “Purchase Price”) pursuant to the terms of a restricted stock purchase agreement to be entered into between the Company and
Executive (the “Stock Purchase Agreement”). The shares purchased pursuant to such Stock Purchase Rights (the “Restricted Shares”) shall be subject to a risk of forfeiture which shall, subject to Executive’s
continued employment with the Company, lapse as to 25% of the shares, 

  

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on and after April 1, 2002, and as to an additional 1/48th of the shares acquired on the exercise of the Stock Purchase Rights on the 1st of each month thereafter, so that all risk of forfeiture will lapse on April 1, 2005. If the Company chooses to exercise
its purchase right, all shares forfeited by Executive will be repurchased by Company for the Purchase Price paid by Executive. Executive will be eligible to receive future grants of options to purchase shares of the Company’s common stock
(“Stock Options”) at the discretion of the Compensation Committee of the Board. 
  
 4.2 Preferred Stock. The Company intends to sell shares of its Series A Preferred Stock to investors in April 2001. Executive shall have the right
and option to purchase up to 0.5% of the shares of Series A Preferred Stock sold by the Company in April 2001 at the same price and on the same terms and conditions as the other investors in the offering. 
  
 5. Termination. 
  
 5.1 Termination by the Company for Cause. 
  
 (a) Executive’s employment may be terminated at any time by the
Company for Cause (as defined below). Upon such a termination, the Company shall have no obligation to Executive other than (i) the payment of Executive’s earned and unpaid Company Base Salary to the effective date of such termination and (ii)
Executive shall not be entitled to any additional rights or vesting or lapse of forfeiture restrictions with respect to the Restricted Shares or Stock Options following the effective date of such termination. 
  
 (b) For all purposes under this Agreement, a termination for Cause shall
mean that the Executive’s Employment be terminated for any of the following reasons: (i) the Executive’s willful act of fraud, embezzlement, dishonesty or other misconduct that materially damages the Company; (ii) the Executive’s
willful failure to perform his duties to the Company, to follow Company policy as set forth in writing from time to time, or to follow the directives of the Board (other than failure to meet performance goals, objectives or measures), in each case
in a manner that results in material damage to the Company, that is not corrected within 30 days following written notice thereof to Executive by the Board, such notice to state with specificity the nature of the failure; provided that if such
failure cannot reasonably be corrected within 30 days of written notice thereof, correction shall be commenced by the Executive within such period and may be corrected within a reasonable period thereafter with the length of such period to be
determined in good faith by the Board of Directors; (iii) the Executive’s misappropriation of any material assets of the Company; (iv) the Executive’s conviction of, or plea of guilty or no contest to a felony or a misdemeanor involving
dishonesty or moral turpitude under the laws of the United States or any state thereof; (v) the Executive’s willful and material breach of any agreement with the Company, that is not corrected within 30 days following written notice thereof to
Executive by the Board, such notice to state with specificity the nature of the breach; provided that if such breach cannot reasonably be corrected within 30 days of written notice thereof, correction shall be commenced by the Executive within such
period and may be corrected within a reasonable period thereafter with the length of such period to be determined in good faith by the Board of Directors; and (vi) the Executive’s willful use or unauthorized disclosure of any proprietary
information or trade secrets of the Company or any other party to whom the Executive owes an obligation of nondisclosure as a result of his relationship with the Company. 
  

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 5.2 Death and Disability. 
  
 (a) Executive’s employment with the Company shall be deemed terminated by the Company upon the death of Executive or
Executive becoming Disabled (as defined below), and the Company shall have the following obligations to Executive or Executive’s estate (but no other obligation to Executive or Executive’s estate pursuant to this Agreement): 
  
 (i) Continuation of the Company Base Salary for a period (the
“Applicable Period”) commencing on the date of termination and ending on the date that is one hundred and eighty (180) days after the date of termination, payable in accordance with Section 2.1, and 
  
 (ii) the risk of forfeiture for the Restricted Shares shall lapse and the
Stock Options shall vest as to the number of shares that would otherwise have lapsed and vested over the six-month period following the date of termination, and shall otherwise be treated for purposes of the terms and conditions thereof, as if
Executive remained in the employ of the Company during the Applicable Period; 
  
 (b) For purposes of this Agreement, Executive shall be “Disabled” if (i) Executive becomes incapacitated by bodily injury or disease (including as a result of mental illness) so as to be unable to
regularly perform the duties of his position for a period in excess of 180 days in any consecutive 12 month period, (ii) a qualified independent physician mutually acceptable to the Company and Executive determines that Executive is mentally or
physically disabled so as to be unable to regularly perform the duties of his position and such condition is expected to be of a permanent duration or (iii) he is deemed “disabled” for purposes of any long term disability insurance
policy maintained by the Company for Executive. 
  
 5.3
Termination by the Company Without Cause. Executive’s employment may be terminated at any time by the Company without Cause. If the Company terminates Executive’s employment without Cause, the Company shall have the following
obligations to Executive (but excluding any other obligation to Executive pursuant to this Agreement), provided that Executive’s entitlement to such termination benefits shall be conditioned upon Executive’s execution and delivery to the
Company of (i) a general release of all claims and (ii) a resignation from all of Executive’s positions with the Company, including without limitation resignation from the Board of Directors: 
  
 (a) Continuation of the Company Base Salary for a period commencing on the
date of termination and ending on the date that is one hundred and eighty (180) days after the date of termination (the “Severance Period”), payable in accordance with Section 2.1, 
  
 (b) Executive shall be eligible to participate during the Severance Period
on the same terms and conditions that would have applied had he remained in the employ of the Company in all health plans provided by the Company or in lieu thereof Executive shall be reimbursed by the Company for health insurance coverage obtained
through COBRA to the extent the cost of such coverage exceeds the costs to employee of obtaining such coverage while employed by the Company provided, however, that Executive’s reimbursement for health insurance coverage shall cease at
such time as Executive is offered comparable coverage with a subsequent employer, and 
  

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 (c) If the termination occurs within twenty-four (24) months after a Change of Control (as defined in
Section 5.6), (i) the Company’s repurchase right shall lapse as of such termination date as to an additional number of Restricted Shares equal to the number of Restricted Shares for which the Company’s repurchase right would lapse within
two (2) years following such termination date had Executive remained an employee of the Company for such two year period and (ii) the Stock Options shall vest and become exercisable as of such termination date as to an additional number of shares
subject to the Stock Options equal to the number of shares subject to the Stock Options which would vest and become exercisable within two (2) years following such termination date had Executive remained an employee of the Company for such two year
period. 
  
 5.4 Liquidated Damages. Executive acknowledges
that the payment of all amounts and benefits due to him under Section 5.3 or Section 5.5 resulting from a termination of Executive’s employment by the Company without Cause or by Executive for Good Reason (as defined below) are in lieu of any
and all claims that Executive may have against the Company (other than benefits under the Company’s employee benefit plans that by their terms survive termination of employment, benefits under the Consolidated Omnibus Budget Reconciliation Act
of 1985, as amended, and rights to indemnification under certain indemnification arrangements for officers of the Company), and represent liquidated damages (and not a penalty). The Company may request that Executive confirm such acknowledgment in
writing prior to the receipt of such benefits. 
  
 5.5
Termination by Executive for Good Reason. 
  
 (a)
Executive may terminate his employment with the Company for Good Reason. If Executive terminates his employment with the Company for Good Reason, Executive shall be entitled to the same salary and health benefit continuation, and following a Change
of Control, the continued lapsing of the risk of forfeiture on the Restricted Shares and the acceleration of vesting of the Stock Options that he would have been entitled to receive under Section 5.3 if his employment were terminated by the Company
without Cause, under the conditions set forth in such section. 
  
 (b) For purposes of this Agreement, the term “Good Reason” shall mean any of the following conditions or events which conditions) or event(s) remain in effect 30 days after written notice is provided by Executive to the
Company, detailing such condition or event: 
  
 (i) if there has
been no Change of Control (as defined below), a material reduction in Executive’s title or responsibilities with the Company, or if he is required to report to any person other than the Board of the Company; 
  
 (ii) any material breach by the Company of its obligations to Executive
under this Agreement, that is not corrected within thirty (30) days following written notice thereof to the Company by Executive, such notice to state with specificity the nature of the failure; provided that if such failure cannot reasonably be
corrected within thirty (30) days of written notice thereof, correction shall be commenced by the Company within such period and may be corrected within a reasonable period thereafter; or 
  

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 (iii) if there has been a Change of Control (as defined below), a material reduction in Executive’s
responsibilities with the Company following such Change of Control. 
  
 5.6 Change of Control. For purposes of this Agreement and the Stock Purchase Agreement, a “Change of Control” of the Company means the occurrence of any of the following events: 
  
 (a) the sale of all or substantially all of the assets of the Company; or

  
 (b) the merger or consolidation of the Company with any other
corporation, other than (1) a merger or consolidation in which the holders of voting securities of the Company outstanding immediately prior thereto continue to hold (either by shares remaining outstanding or by being converted into voting
securities of the surviving entity) at least 50% of the total voting power represented by the voting securities of the Company or its successor or parent outstanding immediately after such merger or consolidation, or (2) a merger effected solely for
the purpose of changing the domicile of the Company; or 
  
 (c)
completion of a tender or exchange offer or other transaction or series of related transactions in which the stockholders of the Company immediately prior thereto own less than a majority of the outstanding voting stock of the Company or its
successor or parent immediately after such transaction or series of related transactions; or 
  
 (d) a complete liquidation or dissolution of the Company shall have occurred. 
  
 6. Confidentiality Agreement. Executive has or will prior to commencement of employment with the Company execute and deliver to an officer of the Company
the Company’s Confidential Information and Invention Assignment Agreement, a copy of which is attached as Exhibit A (the “Confidentiality Agreement”) 
  
 7. Notices. 
  
 Any notice or communication given by either party hereto to the other shall be in writing and personally delivered or mailed by registered or certified
mail, return receipt requested, postage prepaid, to the following addresses: 
  
 (a) if to the Company: 
  
 DanaStreet Internet, Inc. 
 3443 Georgetown Place 
 Santa Clara, CA 95051 
 Telecopier No.:
                     
 Attention:
Sampath Srinivas 
  
 (b) if to Executive at the address set forth
on the signature page of this Agreement. 
  
 Any notice shall be
deemed given when actually delivered to such address, or 3 days after such notice has been mailed or sent by Federal Express, whichever comes earliest. Any person entitled to receive notice may designate in writing, by notice to the other, such
other address to which notices to such person shall thereafter be sent. 
  

 -6- 

 8. Miscellaneous. 
  
 8.1 Representations and Covenants of Executive. In order to induce the Company to enter into this Agreement,
Executive makes the following representations and covenants to the Company and acknowledges that the Company is relying upon such representations and covenants: 
  
 (a) No agreements or obligations exist to which Executive is a party or otherwise bound, in writing or otherwise, that in
any way interfere with, impede or preclude him from fulfilling all of the terms and conditions of this Agreement. 
  
 (b) Executive, during his employment, shall use his best efforts to disclose to the Board of the Company in writing or by other effective method any bona
fide information known by him and not known to the Board of the Company that he reasonably believes would have any material impact on the Company. 
  
 8.2 Entire Agreement. This Agreement, the Stock Purchase Agreement, the Confidentiality Agreement and the Indemnification Agreement contain the
entire understanding of the parties in respect of their subject matter and supersede upon their effectiveness all other prior agreements and understandings between the parties with respect to such subject matter. 
  
 8.3 Amendment; Waiver. This Agreement may not be amended,
supplemented, canceled or discharged, except by written instrument executed by the party against whom enforcement is sought. No failure to exercise, and no delay in exercising, any right, power or privilege hereunder shall operate as a waiver
thereof. No waiver of any breach of any provision of this Agreement shall be deemed to be a waiver of any preceding or succeeding breach of the same or any other provision. 
  
 8.4 Binding Effect; Assignment. The rights and obligations of this Agreement shall bind and inure to the benefit of
any successor of the Company by reorganization, merger or consolidation, or any assignee of all or substantially all of the Company’s business and properties. Executive’s rights and obligations under this Agreement may not be assigned by
Executive, except that the rights specified in Section 5.2 shall pass upon Executive’s death to Executive’s executor or administrator. 
  
 8.5 Headings. The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this
Agreement. 
  
 8.6 Governing Law; Interpretation. This
Agreement shall be construed in accordance with and governed for all purposes by the laws and public policy (other than conflict of laws principles) of the State of California applicable to contracts executed and to be wholly performed within such
State. 
  
 8.7 Further Assurances. Each of the parties
agrees to execute, acknowledge, deliver and perform, and cause to be executed, acknowledged, delivered and performed, at any time and from time to time, as the case may be, all such further acts, deeds, assignments, transfers, conveyances, powers of
attorney and assurances as may be reasonably necessary to carry out the provisions or intent of this Agreement. 
  

 -7- 

 8.8 Severability. The parties have carefully reviewed the provisions of this Agreement and agree
that they are fair and equitable. However, in light of the possibility of differing interpretations of law and changes in circumstances, the parties agree that if any one or more of the provisions of this Agreement shall be determined by a court of
competent jurisdiction to be invalid, void or unenforceable, the remainder of the provisions of this Agreement shall, to the extent permitted by law, remain in full force and effect and shall in no way be affected, impaired or invalidated. Moreover,
if any of the provisions contained in this Agreement are determined by a court of competent jurisdiction to be excessively broad as to duration, activity, geographic application or subject, it shall be construed, by limiting or reducing it to the
extent legally permitted, so as to be enforceable to the extent compatible with then applicable law. 
  
 8.9 Withholding Taxes. All payments hereunder shall be subject to any and all applicable federal, slate, local and foreign withholding taxes.

  

 -8- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above
written. 
  

	 DANASTREET INTERNET, INC.

		
	 By:
	 	 /s/ Theron Tock

	 Name:
	 	 Theron Tock

	 Title:
	 	 Chief Technology Officer

	
	 EXECUTIVE

	
	 /s/ Krishna Kolluri

	 Krishna Kolluri

  
 SIGNATURE PAGE
TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT

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