Document:

Exhibit 10.2

 Exhibit 10.2 
 ASSIGNMENT NO. 13 OF RECEIVABLES IN ADDITIONAL ACCOUNTS INCLUDED IN ASSET POOL ONE (this “Assignment”), dated as of February 26, 2007, by and between CHASE ISSUANCE TRUST (the “Trust”) and
WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”) as collateral agent (in such capacity, the “Collateral Agent”), pursuant to the Asset Pool One Supplement referred to below, and acknowledged by Chase Bank USA, National
Association (formerly known as Chase Manhattan Bank USA, National Association), in its capacity as servicer under the Second Amended and Restated Transfer and Servicing Agreement, dated as of March 14, 2006, each by and between Chase Bank USA,
National Association, as transferor and servicer, and Wells Fargo Bank, National Association, as indenture trustee (in such capacity, the “Indenture Trustee”) and Collateral Agent. 
 W I T N E S S E T H: 
 WHEREAS, the Trust and Wells Fargo, as Collateral Agent and
Indenture Trustee, are parties to the Amended and Restated Asset Pool One Supplement, dated as of October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005 and the Second Amendment thereto, dated as of
February 1, 2006 (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Asset Pool One Supplement”); 
 WHEREAS, pursuant to the Asset Pool One Supplement, the Trust wishes to designate Additional Accounts to be included as Asset Pool One Accounts and to
pledge hereby the Receivables of such Additional Accounts (as each such term is defined in the Asset Pool One Supplement), whether now existing or hereafter created, to the Collateral Agent to be included as Asset Pool One Receivables; and

 WHEREAS, the Collateral Agent, on behalf of and for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in
its individual capacity and the Collateral Agent, in its individual capacity, is willing to accept such designation and pledge subject to the terms and conditions hereof; 
 NOW, THEREFORE, the Trust and the Collateral Agent hereby agree as follows: 
 1. Defined Terms. All
capitalized terms used herein shall have the meanings ascribed to them in the Asset Pool One Supplement unless otherwise defined herein. 
 “Addition Cut Off Date” shall mean, with respect to the Additional Accounts designated hereby, January 31, 2007. 
 “Addition Date” shall mean, with respect to the Additional Accounts designated on Schedule 1 hereto, February 26, 2007. 

 “Notice Date” shall mean, with respect to the Additional Accounts designated on Schedule
1 hereto, February 14, 2007. 
 2. Designation of Additional Accounts. On or before the Addition Date, the Trust shall deliver to
the Collateral Agent a computer file containing a true and complete list of each VISA and MasterCard account which, as of the Addition Date, shall be deemed to be an Additional Asset Pool One Account, identified by account number and the aggregate
amount of the Receivables in each such Additional Asset Pool One Account as of the Addition Cut Off Date, which computer file shall be marked as Schedule 1 to this Assignment and which shall be, as of the Addition Date, incorporated into and made a
part of this Assignment and the Asset Pool One Supplement. 
 3. Pledge of Receivables. (a) The Issuing Entity hereby grants to
the Collateral Agent for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity, a security interest in all of its right, title and interest,
whether owned on the Addition Cut Off Date or thereafter acquired, in the Receivables existing on the Addition Cut Off Date or thereafter created in the Additional Asset Pool One Accounts, all Interchange and Recoveries related thereto, all monies
due or to become due and all amounts received or receivable with respect thereto and the “proceeds” (including “proceeds” as defined in the applicable UCC) thereof and Insurance Proceeds relating thereto to secure the Asset Pool
One Notes (and the obligations under the Indenture and the Asset Pool One Supplement), equally and ratably without prejudice, priority or distinction between any Asset Pool One Note by reason of difference in time of issuance or otherwise, except as
otherwise expressly provided in the Indenture, or in the Indenture Supplement which establishes any Series, Class or Tranche of Notes, and to secure (i) the payment of all amounts due on such Asset Pool One Notes in accordance with their
respective terms, (ii) the payment of all other sums payable by the Issuing Entity under the Indenture, any Indenture Supplement and the Asset Pool One Supplement relating to the Asset Pool One Notes and (iii) compliance by the Issuing
Entity with the provisions of the Indenture, any Indenture Supplement or the Asset Pool One Supplement relating to the Asset Pool One Notes. This Assignment constitutes a security agreement under the UCC. 
 (b) If necessary, the Trust agrees to record and file, at its own expense, financing statements (and continuation statements when applicable) with
respect to the Asset Pool One Receivables in Additional Asset Pool One Accounts existing on the Addition Cut Off Date and thereafter created meeting the requirements of applicable state law in such manner and in such jurisdictions as are necessary
to perfect, and maintain perfection of, the sale and assignment of its interest in such Asset Pool One Receivables to the Collateral Agent, and to deliver a file-stamped copy of each such financing statement or other evidence of such filing to the
Collateral Agent on or prior to the Addition Date. The Collateral Agent shall be under no obligation whatsoever to file such financing or continuation statements or to make any filing under the UCC in connection with such sale and assignment.

  

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 (c) In connection with such transfers, the Trust further agrees, at its own expense, on or prior to the
date of this Assignment, to indicate in the appropriate computer files that Receivables created in connection with the Additional Asset Pool One Accounts and designated hereby have been pledged to the Collateral Agent pursuant to this Assignment for
the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity. 
 (d) It is the intention of the parties hereto that all pledges of Receivables to the Collateral Agent pursuant to this Assignment be subject to, and be treated in accordance with, the Delaware Act and each of the
parties hereto agrees that this Assignment has been entered into by the parties hereto in express reliance upon the Delaware Act. For purposes of complying with the requirements of the Delaware Act, each of the parties hereto hereby agrees that any
property, assets or rights purported to be pledged, in whole or in part, by the Trust pursuant to this Assignment shall be deemed to no longer be the property, assets or rights of the Trust. The parties hereto acknowledge and agree that each such
transfer is occurring in connection with a “securitization transaction” within the meaning of the Delaware Act. 
 4. Acceptance
by Collateral Agent. The Collateral Agent hereby acknowledges its acceptance of all right, title and interest in and to the Receivables in the Additional Asset Pool One Accounts now existing and hereafter created, pledged to the Collateral Agent
pursuant to Section 3(a) of this Assignment and declares that it shall maintain such right, title and interest, upon the trust herein set forth, for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its
individual capacity and the Collateral Agent, in its individual capacity. 
 5. Representations and Warranties of the Trust. The Trust
hereby represents and warrants to the Collateral Agent, as the Addition Date, that: 
 (a) Conditions Precedent. All of the
requirements for the addition of Accounts set forth under subsection 2.12(c) of the Transfer and Servicing Agreement shall have been satisfied and all of the representations and warranties set forth under subsection 2.04(a) of the Transfer and
Servicing Agreement to be made on each Addition Date shall be true and correct in all material respects on such Addition Date; 
 (b)
Legal Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust in accordance with its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and except as such enforceability may be limited by general principles of equity
(whether considered in a suit at law or in equity); 
 (c) Eligibility of Accounts. As of the Addition Cut Off Date, each Additional
Account designated hereby is an Eligible Account; 
  

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 (d) Insolvency. As of each of the Addition Cut Off Date and the Addition Date, no Insolvency Event
with respect to the Trust has occurred and the transfer by the Transferor of Receivables arising in the Additional Accounts to the Collateral Agent has not been made in contemplation of the occurrence thereof; 
 (e) No Adverse Effect. The acquisition by the Collateral Agent of the Receivables arising in the Additional Accounts shall not, in the reasonable
belief of the Trust, result in an Adverse Effect; 
 (f) No Conflict. The execution and delivery by the Trust of this Assignment, the
performance of the transactions contemplated by this Assignment and the fulfillment of the terms hereof applicable to the Trust, will not conflict with or violate any Requirements of Law applicable to the Trust or conflict with, result in any breach
of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which the Trust is a party
or by which it or its properties are bound; 
 (g) No Proceedings. There are no proceedings or investigations, pending or, to the best
knowledge of the Trust, threatened against the Trust before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality (i) asserting the invalidity of this Assignment, (ii) seeking to prevent the
consummation of any of the transactions contemplated by this Assignment, (iii) seeking any determination or ruling that, in the reasonable judgment of the Trust, would materially and adversely affect the performance by the Transferor of its
obligations under this Assignment or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of this Assignment; and 
 (h) All Consents. All authorizations, consents, orders or approvals of any court or other governmental authority required to be obtained by the
Trust in connection with the execution and delivery of this Assignment by the Trust and the performance of the transactions contemplated by this Assignment by the Trust, have been obtained. 
 6. Conditions Precedent. The acceptance by the Collateral Agent set forth in Section 4 hereof and the amendment of the Asset Pool One
Supplement pursuant to Section 6 hereof are each subject to the satisfaction of the conditions precedent set forth in Section 2.4(c) of the Asset Pool One Supplement on or prior to the dates specified in such Section 2.4(c), except to
the extent any such conditions have been waived. For purposes of Section 2.4(c)(i) of the Asset Pool One Supplement, “Notice Date” shall having the meaning specified in Section 1 hereof. With respect to the condition specified in
Section 2.4(c)(xi) of the Agreement, on or prior to the date hereof, the Administrator, on behalf of the Issuing Entity, shall have delivered to the Collateral Agent a certificate of a Vice President or more senior officer of the Administrator,
substantially in the form of Schedule 2 hereto, certifying that all requirements set forth in 

  

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Section 2.4(c) of the Asset Pool One Supplement for designating and conveying Receivables in Additional Asset Pool One Accounts have been satisfied or
waived. The Collateral Agent may conclusively rely on such Officer’s Certificate, shall have no duty to make inquiries with regard to the matters set forth therein, and shall incur no liability in so relying. 
 7. Amendment of the Asset Pool One Supplement. The Asset Pool One Supplement is hereby amended to provide that all references therein to the
“Asset Pool One Supplement,” to “this Asset Pool One Supplement” and “herein” shall be deemed from and after the Addition Date to be a dual reference to the Asset Pool One Supplement as supplemented by this Assignment.
All references therein to Additional Asset Pool One Accounts shall be deemed to include the Additional Accounts designated hereby and all references therein to Asset Pool One Receivables shall be deemed to include the Receivables pledged hereby.
Except as expressly amended hereby, all of the representations, warranties, terms, covenants and conditions of the Asset Pool One Supplement shall remain unamended and shall continue to be, and shall remain, in full force and effect in accordance
with its terms and except as expressly provided herein shall not constitute or be deemed to constitute a waiver of compliance with or a consent to noncompliance with any term or provision of the Asset Pool One Supplement. 
 8. Counterparts. This Assignment may be executed in two or more counterparts, and by different parties on separate counterparts, each of which
shall be an original, but all of which shall constitute one and the same instrument. 
 9. GOVERNING LAW. THIS ASSIGNMENT
SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

  

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 IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be duly executed by their
respective officers as of the day and year first above written. 
  

			
	 CHASE ISSUANCE TRUST

		
	 By:
	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee on behalf of the Issuing Entity
		
	 By:
	 	 /s/ Michele C. Harra

	 Name:
	 	Michele C. Harra
	 Title:
	 	Financial Services Officer

  

			
	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION, as Collateral Agent

		
	 By:
	 	 /s/ Cheryl Zimmerman

	 Name:
	 	Cheryl Zimmerman, CCTS
	 Title:
	 	Assistant Vice President

 Acknowledged by: 
  

			
	 CHASE BANK USA, NATIONAL ASSOCIATION,
 as Servicer

		
	 By:
	 	 /s/ Keith W. Schuck

	 Name:
	 	Keith W. Schuck
	 Title:
	 	President

 Chase Issuance Trust 
 Assignment No. 13 (APO) 

 Schedule 1 
 LIST OF ADDITIONAL ASSET POOL ONE ACCOUNTS 
 [TO BE DELIVERED TO THE COLLATERAL AGENT BY THE ISSUING ENTITY

 AND MARKED AS SCHEDULE 1 TO THIS ASSIGNMENT] 
 Schedule 1 

 Schedule 2 
 Chase Issuance Trust 
 Officer’s Certificate 
 Keith W. Schuck, a duly authorized officer of Chase Bank USA, Delaware, National Association, as administrator (the “Administrator”) for the
Chase Issuance Trust (the “Trust”), hereby certifies and acknowledges on behalf of the Trust that to the best of his/her knowledge the following statements are true on February 26, 2007 (the “Addition Date”), and
acknowledges on behalf of the Trust that this Officer’s Certificate will be relied upon by Wells Fargo Bank, National Association (“Wells Fargo”), as collateral agent (the “Collateral Agent”) in connection with the
Collateral Agent entering into Assignment No. 12 of Receivables in Additional Accounts, dated as of February 26, 2007 (the “Assignment”), by and between the Trust and the Collateral Agent, in connection with the Amended and
Restated Asset Pool One Supplement, dated as of October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005 and the Second Amendment thereto, dated as of February 1, 2006 (as heretofore supplemented and
amended, the “Asset Pool One Supplement”), each by and between the Trust and Wells Fargo as indenture trustee (the “Indenture Trustee”) and Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of the
Trust that: 
 (a) Conditions Precedent. All of the requirements for the addition of Accounts set forth under Section 2.4(c) of
the Asset Pool One Supplement shall have been satisfied in all material respects on the Addition Date, except to the extent any such requirements have been waived; 
 (b) Delivery of Assignment. On or prior to the Addition Date, (i) the Trust has delivered to the Collateral Agent the Assignment (including an acceptance by the Collateral Agent for the benefit of the
Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity), (ii) the Trust has indicated in its computer files that the Receivables created in connection with the
Additional Accounts have been transferred to the Collateral Agent and (iii) the Trust shall deliver to the Collateral Agent a computer file containing a true and complete list of all Additional Accounts identified by account number and the
aggregate amount of the Receivables in such Additional Accounts as of the related Addition Cut Off Date, which computer file shall be as of the date of such Assignment, incorporated into and made a part of such Assignment and the Asset Pool One
Supplement. 
 (c) Legal, Valid and Binding Obligation. The Assignment constitutes a legal, valid and binding obligation of the Trust
enforceable against the Trust in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of
creditors’ rights in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity). 
 Schedule 2-1 

 (d) Eligibility of Accounts. As of the Addition Cut Off Date, each Additional Account designated
pursuant to the Assignment is an Eligible Account. 
 (e) Insolvency. As of each of the Addition Cut Off Date and the Addition Date,
no Insolvency Event with respect to the Trust has occurred and the transfer by the Transferor of Receivables arising in the Additional Accounts to the Collateral Agent has not been made in contemplation of the occurrence thereof. 
 (f) No Adverse Effect. The acquisition by the Collateral Agent of the Receivables arising in the Additional Accounts shall not, in the reasonable
belief of the Trust, result in an Adverse Effect. 
 (g) No Conflict. The execution and delivery by the Trust of this Assignment, the
performance of the transactions contemplated by the Assignment and the fulfillment of the terms thereof applicable to the Trust, will not conflict with or violate any Requirements of Law applicable to the Trust or conflict with, result in any breach
of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which the Trust is a party
or by which it or its properties are bound. 
 (h) No Proceedings. There are no proceedings or investigations, pending or, to the best
knowledge of the Trust, threatened against the Trust before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality (i) asserting the invalidity of the Assignment, (ii) seeking to prevent the
consummation of any of the transactions contemplated by the Assignment, (iii) seeking any determination or ruling that, in the reasonable judgment of the Trust, would materially and adversely affect the performance by the Transferor of its
obligations under the Assignment or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of the Assignment. 
 (i) All Consents. All authorizations, consents, orders or approvals of any court or other governmental authority required to be obtained by the
Trust in connection with the execution and delivery of the Assignment by the Trust and the performance of the transactions contemplated by the Assignment by the Trust, have been obtained. 
 Initially capitalized terms used herein and not otherwise defined are used as defined in the Asset Pool One Supplement. 
 Schedule 2-2 

 IN WITNESS WHEREOF, I have hereunto set my hand
this 26th day of February 2007. 
  

			
	 CHASE ISSUANCE TRUST

		
	 By:
	 	 CHASE BANK USA, NATIONAL ASSOCIATION (formerly known as Chase
 Manhattan Bank USA, National Association), not in its individual capacity but solely as Administrator on behalf of the Trust

  

			
	 By:
	 	 /s/ Keith W. Schuck

	 Name:
	 	Keith W. Schuck
	 Title:
	 	President

 Schedule 2-3Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (the “Agreement”) is
effective as of February 20, 2007 (the “Effective Date”), by and between X-RITE, INCORPORATED, a Michigan corporation with its principal office located at 4300 44th Street, S.E., Grand Rapids, Michigan 49512
(“X-Rite”), and Bernard J. Berg, an individual resident at 10775 Eastern Avenue S.E., Wayland, Michigan 49348 (“Executive”). 
 PREAMBLE: 
 X-Rite desires to employ Executive and to obtain the benefits of the covenants by, and
restrictions imposed on, Executive contained herein; and 
 Executive desires to be employed by X-Rite and is willing to be bound by the
covenants and restrictions imposed on Executive herein, all on the terms and conditions set forth herein. 
 THEREFORE, X-Rite and Executive
hereby agree as follows: 
  

	1.	Employment. X-Rite hereby employs Executive, and Executive hereby accepts employment, on the terms and subject to the conditions set forth herein. 

 

	2.	Employment Period. Executive’s employment hereunder shall commence as of the Effective Date and shall continue until terminated as provided in this Agreement (the
“Employment Period”). 

  

	3.	Compensation. During the Employment Period, Executive shall be paid an annual salary, annual performance bonuses, incentive compensation and other fringe benefits, as
determined from time to time by X-Rite’s Chief Executive Officer and Chief Technology Officer, subject to the following: 

  

	 	(a)	Base Salary. During the Employment Period, X-Rite shall pay to Executive a salary at the annual rate of Two Hundred Sixteen Thousand United States Dollars ($216,000) (the
“Base Salary”), subject to change in accordance with Section 16. Executive’s Base Salary shall be paid in accordance with X-Rite’s normal payroll practices. 

  

	 	(b)	Short-Term Incentive (Bonus). Executive will be entitled to participate in any bonus plan or other incentive compensation program now or hereafter applicable to X-Rite’s
executives. Executive’s annual performance bonus potential shall initially be forty percent (40%) of his Base Salary if X-Rite achieves target performance and up to eighty percent (80%) of his Base Salary if X-Rite achieves
exceptional performance. 

  

	 	(c)	 Long-Term Incentive. Executive will be entitled to participate in a long-term incentive compensation program now or hereafter applicable to X-Rite’s
executive band. Initially, sixty percent (60%) of Executive’s total long-term incentive compensation amount shall consist of restricted stock awards granted 

	 	 
pursuant to the terms and conditions of the X-Rite, Incorporated Restricted Stock Agreement and forty percent (40%) of Executive’s total long-term
incentive compensation amount shall consist of stock option awards granted pursuant to the terms and conditions of the X-Rite, Incorporated Employee Stock Option Plan Officer Stock Option Agreement. 

  

	 	(d)	Insurance and Other Fringe Benefits. Executive shall be offered such insurance and other fringe benefits including, but not limited to, medical, dental, long term disability,
group life insurance, and accidental death and dismemberment insurance, employee stock purchase plan, and 401(k) retirement plan pursuant to X-Rite’s plans and policies in effect from time to time for its executives. 

 

	 	(e)	Expense Reimbursement. Executive shall be entitled to payment and/or reimbursement for all reasonable expenses incurred by Executive in the course of performing his duties
and responsibilities hereunder which are consistent with X-Rite’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to X-Rite’s expense reimbursement policy, including
requirements with respect to reporting and documentation of such expenses. 

  

	 	(f)	Vacation. Executive will be entitled to five (5) weeks of vacation until such time as his X-Rite service entitles him to additional vacation under X-Rite’s vacation
policy. 

  

	  	Notwithstanding anything to the contrary contained in this Section 3 but subject to the provisions of Section 16, all of X-Rite’s practices, policies, and exhibits
referenced are subject to change or amendment in accordance with X-Rite’s historic practice or as provided therein. 

  

	  	For purposes of this Agreement, “Target Annual Total Compensation” shall mean the sum of all elements of Executive’s pay and benefits including
Executive’s Base Salary, target annual incentives, target annualized long-term incentive grants, employee benefits and retirement plans. For purposes of measuring target annualized long-term incentive grant, the awards shall be measured on
their date of grant using reasonable assumptions, including, but not limited to, fair value principles such as those identified in Statement of Financial Accounting Standards No. 123, Share-Based Payment; the value of such awards shall be
annualized over the frequency of their grant. In the case of employee benefit and retirement plans, the annual value of such plans shall be measured using reasonable assumptions (including reasonable actuarial assumptions as necessary).

  

	4.	Duties. Executive’s duties shall be to serve as Senior Vice President, Engineering X-Rite, and to perform such duties consistent with that position as the Board of
Directors, Chief Executive Officer or Chief Technology Officer of X-Rite directs from time to time. During the Employment Period, Executive shall report to the Chief Technology Officer of X-Rite or his designee, shall devote substantially all his
business time and energy to the business and affairs of X-Rite and shall use his best efforts to perform his duties as an executive of X-Rite. Executive shall obtain prior approval before accepting a seat, or 

  

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serving, on the board of directors or advisory board of any other entity or organization, whether for profit or nonprofit, other than a church-related entity
or organization. 

  

	5.	Loyalty. Executive agrees that during the Employment Period he will not, without the prior approval of X-Rite’s Chief Executive Officer or Chief Technology Officer,
either for himself or on behalf of any other person, firm or corporation, directly or indirectly divert or attempt to divert from X-Rite any business opportunity or business whatsoever, or attempt to negatively influence any X-Rite customers or
potential X-Rite customers with whom Executive may have dealings. 

  

	6.	Termination. Executive’s employment may be terminated as follows: 

  

	 	(a)	Death. If Executive dies during the Employment Period, this Agreement shall terminate upon Executive’s death. If the Employment Period is terminated as a result of
Executive’s death, Executive’s heirs or estate shall be entitled to receive his Base Salary accrued up to the date of termination of employment but shall not be entitled to receive any further salary, bonus, severance, compensation or
benefits from X-Rite; provided, however, that in the event the Employment Period is terminated under this Section 6(a) after June 30th in a year, X-Rite shall provide to Executive’s heirs or estate the pro rata portion
(based on the number of full months of service by Executive in the year in which the Employment Period is terminated) of any annual performance bonus to which Executive is entitled for that year, payable within ninety (90) days following the
end of such year; provided, that payment shall not occur prior to the six (6) month anniversary of the date of termination of employment. Such termination of this Agreement shall not, however, affect Executive’s rights under any
stock option incentive programs or agreements, or restricted stock plans or agreements in which Executive participates or to which Executive is a party, and all unvested stock options and restricted shares held by Executive at the time of his death
will vest upon such termination of employment. 

  

	 	(b)	 Disability. For purposes of this Agreement, “Disability” means a physical or mental infirmity which impairs Executive’s ability to
perform his duties under this Agreement which continues for a period of at least one hundred eighty (180) consecutive days. In the event of Executive’s Disability, this Agreement may be terminated as of the end of such one hundred eighty
(180) days by X-Rite. If the Employment Period is terminated as a result of Executive’s Disability, Executive shall be entitled to receive his Base Salary accrued up to the date of termination of employment but shall not be entitled to
receive any further salary, bonus, severance, compensation or benefits from X-Rite except for any benefits under applicable disability insurance; provided, however, that in the event the Employment Period is terminated under this
Section 6(b) after June 30th in a year, X-Rite shall provide to Executive the pro rata portion (based on the number of full months of service by Executive in the year in which the Employment Period is terminated) of any annual performance
bonus to which Executive is entitled for that year, payable within ninety (90) days following the end of such year; provided, that payment shall not occur prior to the six (6) month anniversary of the date of termination of
employment. Such termination of this Agreement shall 

  

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not, however, affect Executive’s rights under any stock option incentive programs or agreements, or restricted stock plans or agreements in which
Executive participates or to which Executive is a party, and all unvested stock options and restricted shares held by Executive at the time of his Disability will vest upon such termination of employment. 

  

	 	(c)	Termination by X-Rite for Cause. X-Rite shall have the right to terminate Executive’s employment for “Cause.” For purposes of this Agreement,
“Cause” shall be limited to Executive: 

  

	 	(i)	engaging in conduct involving dishonesty or fraud or being convicted of a crime involving moral turpitude; 

  

	 	(ii)	engaging in conduct which is intentionally injurious to X-Rite, monetarily or otherwise; or 

  

	 	(iii)	failing to perform assigned duties consistent with Section 4 above (other than any failure resulting from an illness or other similar incapacity or disability), provided
that failing to achieve X-Rite’s business objectives shall not solely by itself constitute Cause, or to comply with policies applicable to all X-Rite executives, after a demand for performance or compliance is made in writing to Executive which
specifically identifies the manner in which it is alleged that Executive has not substantially performed or complied, and, provided, that Executive has not, in the reasonable judgment of X-Rite, cured the failure described in the notice within
ninety (90) days of such notice. 

 If the Employment Period is terminated by X-Rite for Cause, Executive shall be
entitled to receive his Base Salary accrued up to the date of termination of employment but shall not be entitled to receive any further salary, bonus, severance, compensation or benefits from X-Rite. 
  

	 	(d)	Termination by Executive for Good Reason. Executive shall have the right to terminate his employment with X-Rite for “Good Reason” by providing written
notice of the termination to X-Rite within thirty (30) days of the occurrence of any of the following: 

  

	 	(i)	without Executive’s consent, a material reduction of Executive’s responsibilities inconsistent with Executive’s position with X-Rite as of the Effective Date;
provided, however, that any change solely of Executive’s reporting relationship or title shall not constitute Good Reason; 

  

	 	(ii)	a decrease in Executive’s Target Annual Total Compensation in excess of twenty percent (20%); or 

  

	 	(iii)	a material breach by X-Rite of its obligations under this Agreement. 

  

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	 	(e)	Termination by Notice. X-Rite and Executive shall each have the right to terminate their employment relationship for reasons other than those provided above in this
Section 6 by giving written notice to the other party specifying the date of termination, provided such notice is given at least one hundred eighty (180) days prior to the specified date of termination. If X-Rite terminates the
Employment Period pursuant to this Section 6(e), X-Rite shall have the obligations set forth in Section 7(b). If the Employment Period is terminated by Executive other than for “Good Reason”, Executive shall be entitled to
receive his Base Salary accrued up to the date of termination of employment but shall not be entitled to receive any further salary, bonus, severance, compensation or benefits from X-Rite. 

  

	 	(f)	Retirement; Consulting Agreement. Unless earlier terminated pursuant to the terms hereof, the Employment Period shall terminate on December 31, 2008. In the event the
Employment Period is terminated pursuant to this Section 6(f), X-Rite and Executive shall enter into a Consulting Agreement substantially in the form attached hereto as Exhibit A, which Consulting Agreement shall be effective as of
January 1, 2009. 

  

	7.	Severance Pay and Benefits. 

  

	 	(a)	Change In Control Severance Plan. Executive shall be entitled to participate in the X-Rite, Incorporated Change-in-Control Severance Plan for Executives (the
“Plan”) when such Plan becomes effective, which Plan provides severance benefits to certain employees of X-Rite upon certain terminations of employment from X-Rite following a Change in Control (as defined in the Plan).

  

	 	(b)	Severance Pay and Benefits After Termination by X-Rite Notice or by Executive for “Good Reason”. If the Employment Period is terminated by X-Rite by written notice
under Section 6(e) of this Agreement, or by Executive under Section 6(d) of this Agreement, provided that Executive is not in breach of any of the provisions of Section 8, 9 or 10 of this Agreement, X-Rite shall provide to Executive:

  

	 	(i)	severance pay equal to Executive’s monthly salary for the last full month immediately preceding his termination, payable until December 31, 2008; provided, that the
aggregate amount of the first seven (7) months of installments shall be paid at the beginning of the seventh month following the date of termination of employment and the remaining installments shall be paid on a monthly basis thereafter;

  

	 	(ii)	 the pro rata portion (based on the number of full months of service by Executive in the year in which the Employment Period is terminated) of any annual performance
bonus to which Executive is entitled for the year in which the Employment Period is terminated by X-Rite under Section 6(e) or by Executive under Section 6(d), payable within ninety (90) days following the end of such year;
provided that payment shall not occur 

  

 -5- 

	 	 
prior to the six (6) month anniversary of the date of termination of employment; 

  

	 	(iii)	payment of Executive’s continuation coverage premiums under the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended, for eighteen (18) months following the
date of termination of employment; and 

  

	 	(iv)	any unvested stock options and restricted stock held by Executive will continue to vest, and any vested stock options and restricted stock held by Executive will remain exercisable,
as provided in the stock option and restricted stock agreements to which they relate. 

  

	 	(c)	Compliance with Code Section 409A. It is intended that any amounts payable under this Agreement and X-Rite’s and Executive’s exercise of authority or
discretion hereunder shall comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended and the regulations and other guidance issued thereunder (“Section 409A”), so as not to subject Executive to
the payment of interest and tax penalty which may be imposed under Section 409A. 

  

	 	(d)	No Mitigation of Severance Benefits. Executive shall not be required to mitigate the amount of any severance benefits provided in this Section 7 by seeking other
employment or otherwise, nor shall the amount of any payment provided in this Section 7 be reduced by any compensation earned by Executive as a result of his employment with another employer after termination. 

  

	8.	Confidentiality and Proprietary Information. Executive shall forever hold in strictest confidence and shall not use or disclose any confidential information, technique,
process, development, or experimental work, trade secret, customer lists, or other secret and confidential matter relating to the products, services, sales, employees, or business of X-Rite. In addition, Executive agrees that he will not use such
information for his benefit or the benefit of any third party. Executive also agrees that X-Rite owns and retains all rights to any inventions, innovations, ideas, improvements, developments, methods, designs, analyses, drawings, reports and all
similar or related information (whether or not patentable) which pertain to X-Rite’s historical, current, or prospective businesses and that Executive may have developed by himself or with others while employed by X-Rite (collectively,
“Work Product”). Executive hereby assigns all rights and interests that he may have in such Work Product to X-Rite, and agrees to cooperate with X-Rite with respect to, and to sign documents necessary to, perfect any of
X-Rite’s intellectual property rights or protections such as domestic or foreign copyrights or patents. In addition, Executive and X-Rite have entered into the X-Rite Confidential and Proprietary Information Agreement which shall remain in full
force and effect, notwithstanding execution of this Agreement. 

  

	9.	 Non-Competition; Non-Solicitation. Executive agrees that during the Employment Period and for a period of twelve (12) months thereafter, Executive shall
not: (i) participate directly or indirectly, in the ownership, management, financing or control of 

  

 -6- 

	 	 
any business which is, or is about to become, a competitor of X-Rite or its subsidiaries; (ii) provide consulting services or serve as an officer or
director for any such business; or (iii) solicit for employment or other services or employ or engage as a consultant or otherwise any person who is or was an employee of X-Rite, or encourage or facilitate any person who is or was an employee
of X-Rite to terminate his or her employment with X-Rite. Notwithstanding the foregoing, Executive shall not be prohibited from owning stock of any corporation whose shares are publicly traded so long as that ownership is in no case more than five
percent (5%) of such shares of the corporation. The time period for the restrictions set forth in this Section shall be extended by the number of days in which Executive is in breach of such restrictions. 

  

	10.	Non-Disparagement and Non-Interference. Executive covenants and agrees that from the Effective Date and thereafter, Executive will not disparage, criticize, condemn, or
impugn X-Rite, its related and affiliated companies, their products nor its or their former or current owners, directors, officers, employees, agents, insurers, and representatives. Executive also agrees that he will not directly or indirectly
interfere with or adversely affect, X-Rite’s business relationships, reputation, contracts, pricing or other relationships that X-Rite has with its former, current, or prospective customers, suppliers, clients, employees, businesses, financial
institutions, shareholders, or others persons or entities with whom X-Rite interacts or relates. X-Rite covenants and agrees that after any termination of Executive’s employment by X-Rite, none of the officers of X-Rite will intentionally
disparage, criticize, condemn or impugn Executive. 

  

	11.	Injunctive Relief and Other Remedies. In the event of the breach or threatened breach by Executive of any of the provisions of Sections 8, 9 or 10 of this Agreement, X-Rite
shall be entitled to specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce or prevent any violations of the provisions hereof (without posting a bond or other security) in
addition and supplementary to any other rights and remedies existing in X-Rite’s favor. 

  

	12.	Indemnification. Each party agrees to indemnify the other party and any and all affiliates of the other party for any costs, expenses, and damages resulting from a
party’s breach of this Agreement. Such costs, expenses, and damages include, but are not limited to, actual attorneys’ fees. 

  

	13.	Executive Liability Insurance Coverage and Indemnification. Nothing in this Agreement shall deprive Executive, both during and subsequent to the termination of his employment
pursuant to this Agreement, of the benefits of X-Rite’s existing or hereafter obtained executive liability insurance coverage, subject to the terms and conditions of such coverage, nor of any right to indemnification under X-Rite’s
Articles of Incorporation and Bylaws or under any indemnification agreement between X-Rite and Executive, subject to the limitations on indemnification set forth therein. 

  

	14.	Binding Agreement. This Agreement is intended to bind and inure to the benefit of and be enforceable by X-Rite, Executive and their respective heirs, successors and assigns.
Executive may not assign his rights or delegate his duties or obligations hereunder without the prior written consent of X-Rite. X-Rite may assign its rights and obligations hereunder, without obtaining the consent of Executive, to any affiliate or
subsidiary or to 

  

 -7- 

	    	any person or entity that acquires X-Rite or its business or assets, provided that X-Rite will furnish Executive with notice of any such assignment. In the event that
Executive becomes entitled to compensation, severance or other payments or benefits pursuant to any plan or arrangement as a consequence of a change in control of X-Rite, such other provisions and rights will supersede those herein and hereunder.

  

	15.	Notice. All notices and other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by United
States registered mail, return receipt requested, postage prepaid, addressed to Executive at the address set forth on the first page of this Agreement, or to X-Rite at its principal executive offices to the attention of the Secretary, or to such
other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 

  

	16.	Modification; Waiver. 

  

	 	(a)	No provisions of this Agreement may be amended, modified, supplemented, waived, or discharged unless such waiver, modification, supplement, or discharge is agreed to in writing
signed by Executive and X-Rite’s Chief Executive Officer or Chief Technology Officer. 

  

	 	(b)	No waiver by either party to this Agreement at any time of any breach by the other party hereto of any condition or provision of this Agreement to be performed by such other party,
nor any compliance with any such condition or provision by the party not required to so perform, shall be deemed a waiver of similar or dissimilar provisions or conditions at that time or at any prior or subsequent time. Failure to insist upon
strict compliance with any of the terms, covenants or conditions of this Agreement shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any right or power hereunder at any one or more times be
deemed waiver or relinquishment of such right or power at any other time. 

  

	17.	Governing Law. This Agreement was entered into in the State of Michigan and shall be construed and interpreted in accordance with the laws of the State of Michigan as applied
to contracts made and to be performed in the State of Michigan. Any action arising out of or to enforce this Agreement must be brought in courts in the State of Michigan. The parties consent to the jurisdiction of the courts in the State of Michigan
and to service of process by registered mail, return receipt requested, or by any other manner provided by law. 

  

	18.	Arbitration. Except for matters arising pursuant to Sections 8, 9 or 10 of this Agreement, any dispute between the parties with respect to this Agreement shall be resolved
exclusively by arbitration in accordance with the rules for commercial arbitration promulgated by the American Arbitration Association. The arbitration shall be conducted in Michigan and the award shall be final and binding upon the parties and
enforceable in any court of competent jurisdiction. 

  

	19.	Severability. Whenever possible, each provision and term of this Agreement will be interpreted in a manner to be effective and valid but if any provision or term of this
Agreement is held by a court of competent jurisdiction to be prohibited or invalid, then such provision or term will be ineffective only to the extent of such prohibition or invalidity, without invalidating or affecting in any manner whatsoever the
remainder of such provisions or terms or the remaining provisions or terms of this Agreement. If any of the covenants set forth in this Agreement are held by a court of competent jurisdiction to be unreasonable, arbitrary, or against public policy,
such covenants will be considered divisible with respect to scope, time, and geographic area, and in such lesser scope, time and geographic area, will be effective, binding, and enforceable against Executive. The rights and remedies under this
Agreement are cumulative and not alternative. 

  

	20.	Miscellaneous. No agreements or representations, oral or otherwise, express or implied, with respect to the specific subject matter hereof have been made by either party
except as set forth expressly in this Agreement. This Agreement is intended to supersede and override any other agreement between the parties with respect to the subject matter hereof, including any previous employment agreement between X-Rite and
Executive and amendments thereto. 

 [SIGNATURE PAGE FOLLOWS] 
  

 -8- 

 IN WITNESS WHEREOF, X-Rite has caused this Agreement to be executed by a duly authorized corporate
officer and Executive has executed this Agreement as of the date and year first above written. 
  

									
	X-RITE:	 		  	EXECUTIVE:	  	
		 		 		  		  	
	X-RITE, INCORPORATED	 		  		  	
		 		 		  		  	
	By:	 	/s/ Thomas J. Vacchiano, Jr.	 		  	/s/ Bernard J. Berg	  	
	 Name: Thomas J. Vacchiano, Jr.
 Title: Chief
Executive Officer
	 		  	 Bernard J. Berg
	  	

 EXHIBIT A 
 Form of Consulting Agreement 
 See Attached.

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