Document:

exv10w5

 

Exhibit 10.5

Schedule of Non-Employee Directors’ Annual Compensation

	 	 	 	 	 	 	 	 	 
	 	 	December 31, 2004	 
	 	 	Maximum Award	 
	 	 	Cash	 	 	Stock	 
	Basis of Compensation	 	AMOUNT	 	 	Option	 
	Meeting Attendance
	 	$	—	 	 	 	4,500	 
	Regulatory Ratings
	 	$	—	 	 	 	1,500	 
	Financial Performance
	 	$	—	 	 	 	1,500	 

Evaluation and awards are made in the first quarter of each year for performance in the preceding
year upon receipt of the Audited Financial Statements for the year being evaluated. Options are
issued under the 1999 Stock Option Plan as approved by the shareholders November 26, 1999.exv10w6

 

Exhibit 10.6 

Base Salaries for Named Executive Officers

As of January 1, 2005 the following are the base salaries (on an annual basis) of the named executive officers
(as defined in Item 402(a)(3) of Regulation S-K) of Access National Corporation:

	 	 	 	 	 
	Michael W. Clarke
	 	$	250,000	 
	President and Chief Executive Officer
	 	 	 	 
	Dean Hackemer
	 	$	250,000	 
	President and Chief Executive Officer, Access National Mortgage Corp.
	 	 	 	 
	Robert C. Shoemaker
	 	$	195,000	 
	Executive Vice President and Chief Credit Officer
	 	 	 	 
	Charles Wimer
	 	$	150,000	 
	Executive Vice President and Chief Financial Officerexv10w11

 

Exhibit 10.11

[FORM OF AMENDMENT NO. 005
TO iDEN INFRASTRUCTURE EQUIPMENT SUPPLY AGREEMENT]

AMENDMENT NO. 005

TO

iDEN INFRASTRUCTURE EQUIPMENT SUPPLY AGREEMENT

BETWEEN

NII HOLDING, INC. (f.k.a. NEXTEL INTERNATIONAL, INC.)

AND

MOTOROLA, INC.

This Amendment No. 005, dated as of the 15 day of December, 2004, is between on the one hand,
Motorola, Inc., a Delaware corporation, by and through its Global Telecom Solutions Sector, with
offices at 1421 West Shure Drive, Arlington Heights, Illinois, 60004 (“Motorola”), and, on the
other, _______________________, a company with offices at
_________________________ and NII Holdings, Inc. (formerly known as Nextel
International, Inc.), a Delaware corporation, with offices located at 10700 Parkridge Boulevard,
Suite 600, Reston, VA 20191 (collectively, “NII”; NII and Motorola to be collectively referred to
as the “Parties”), and amends the iDEN Infrastructure Equipment Supply Agreement (“Agreement”)
dated as of June 30, 2000, as heretofore amended, modified, supplemented, or otherwise revised.
Capitalized terms used herein but not otherwise defined herein shall have the same meanings given
to such terms in the Agreement.

WHEREAS, the Agreement, as amended, is set to expire by its terms on December 31, 2004;

WHEREAS, Motorola and NII wish to extend the Agreement to allow sufficient time to negotiate and
execute a New Agreement, and it is their intention to execute the New Agreement as soon as
practically possible, pending execution of a new equipment supply agreement between Motorola and
Nextel Communications, Inc. (“NCI Contract”);

WHEREAS, substantially all of the terms and conditions of the Agreement shall continue during the
interim period prior to the Parties entering into the New Agreement, except for certain
modifications that have been discussed between the Parties as more fully set forth below; and

WHEREAS, Section 34 of the Agreement requires that all modifications thereto be in writing and
executed by authorized representatives of both Parties.

NOW, THEREFORE, in consideration of the promises and mutual obligations contained herein and for
other good and valuable consideration, the receipt and sufficiency of which are hereby mutually
acknowledged, Motorola and NII agree as follows:

	1.  	Modifications to Agreement

	  	Motorola and NII hereby agree as follows:

	 	(a)  	Section 28, Term, is hereby replaced in its entirety by the following:

	 	  	The term of this Agreement shall be from June 30, 2000 until March 31, 2005 unless an

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	 	  	Exhibit provides otherwise. If the Parties have not entered into a new iDEN
Infrastructure Equipment Supply Agreement (the “New Supply Agreement”) on or before
March 31, 2005, the Agreement shall automatically be extended for up to three
additional three-month periods, through no later than December 31, 2005.”

	 	(b)  	A new paragraph shall be added at the end of Section 6.3, as follows:
	 
	 	   	“Notwithstanding the above, for purchases made hereunder after December 31, 2003 and
prior to the Parties entering into the new Supply Agreement, pricing shall continue
on the same basis as calculated under the Agreement. When a New Supply Agreement is
entered into, the Parties agree to retroactively adjust prices, effective to the
same date the new pricing applies to Nextel Communications, Inc. (“Nextel”),
provided that a New Supply Agreement is executed within 120 days of the date an
agreement is executed with Nextel. The Parties may mutually agree to extend such
120 day period up to an additional 60 days, in the event the Parties are working in
good faith to complete the new Supply Agreement. Motorola shall credit or invoice
Customer the difference between any amounts paid or owing for such period and the
amounts that would have been due, based upon the new pricing. In the event that a
New Supply Agreement is not entered into within 120 days (or the extended period, if
mutually agreed as described above) of the date an agreement is executed with
Nextel, Motorola agrees to retroactively adjust prices, but only for the calendar
quarter in which the New Supply Agreement is executed. During the extension period,
any pricing commitments throughout the Agreement shall be determined and adjusted in
the same manner as set forth above.”
	 
	 	(c)  	The IPL Pricing under Section 6.1.4, will be set at $33.44 per subscriber, in
lieu of being determined in accordance with Exhibit N.

	2.  	Clarification Regarding Terms Applicable During The Extension

	  	All terms and conditions set forth in the Agreement shall continue through the extended term
provided hereunder. For the avoidance of doubt:

	 	(a)  	Infrastructure Rebate Program. The Infrastructure rebate program,
pursuant to Section 6.8, applied only through the end of calendar year 2003. Such
program is not extended hereby, and shall not be applicable during the extension
period.
	 
	 	(b)  	SMP Prices. The 2004 SMP price per market, which was based on the 2003
year-end subscriber count times $8.95 per sub, carries over from December 31, 2004
through the extended term set forth in Section 1(a) hereof as the new base price. The
base price will be as follows for ______: $ ________. In addition to the base price,
NII will pay an incremental charge for subscribers added to the network between
December 31, 2003 and December 31, 2004 at a rate not to exceed $7.16 per subscriber.
	 
	 	(c)  	Other Pricing. All other pricing shall be in accordance with the
Motorola iDEN Infrastructure Price Book currently in effect, as updated from time to
time by Motorola.

	3.  	New Supply Agreement

	 	(a)  	Good Faith. Motorola and NII agree to negotiate in good faith and to
make all reasonable efforts to finalize and execute the New Supply Agreement as soon as

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	 	  	practicable following Motorola entering into a new NCI Contract.
	 
	 	(b)  	Entire Agreement. The New Supply Agreement, when executed, shall
supersede in its entirety the Agreement as amended by this Amendment.
	 
	 	(c)  	Pricing Generally. The Parties intend that the New Supply Agreement
will include pricing substantially similar to the pricing agreed to in the new NCI
Contract, where applicable based upon circumstances, terms and conditions. For
example, certain arrangements in the new NCI Contract relating to the manner of funding
the development of new features and products, etc., may not be applicable to NII.

	4.  	Ratification
	 
	   	Except as specifically stated in this Amendment, the Agreement is, in all other respects,
ratified, confirmed and continues in full force and effect.

	5.  	Authority
	 
	   	Each party hereto represents and warrants that: (i) it has obtained all necessary and
requisite approvals, consents and authorizations of third parties and governmental
authorities to enter into this Amendment and to perform and carry out its obligations
hereunder; (ii) the persons executing this Amendment on behalf of each party have express
authority to do so, and, in so doing, to bind the party thereto; (iii) the execution,
delivery, and performance of this Amendment does not violate any provision of any bylaw,
charter, regulation, or any other governing authority of the party; and, (iv) the
execution, delivery and performance of this Amendment has been duly authorized by all
necessary partnership or corporate action and this Amendment is a valid and binding
obligation of such party, enforceable in accordance with its terms.

[signature page follows]

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     IN WITNESS WHEREOF, Motorola and NII have entered into this Amendment as of the Effective Date
first written above.

 

    	 	 	 	 	 	 	 
	MOTOROLA, INC.

          Global Telecom Solutions Sector	 	NII HOLDINGS, INC	 	 
	 
	 	 	 	 	 	 
	By: 
	 	 	By:	 	 	 
	 
          
	  	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name:
          
	 	 	Name:	 	 	 
	 
	  	 	 	 	 	 
	 
	 	 	 	 	 	 
	Title:
          
	 	 	Title:	 	 	 
	 
	  	 	 	 	 	 
	 
	 	 	 	 	 	 
	_______________________________	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 

4exv10w21

 

EXHIBIT 10.21

SUMMARY OF ANNUAL COMPENSATION

OF MEMBERS OF THE BOARD OF DIRECTORS OF

THE ALLIED DEFENSE GROUP, INC.

          Non-employee directors of The Allied Defense Group, Inc. (“Allied”) receive the following
annual compensation for service as a member of Allied:

	 	•  	Cash of $24,000, payable in equal monthly installments of $2,000 (the Chairman of the
Board and the Chairman Emeritus are entitled to an additional $1,000 and $500 per month,
respectively); and

	 	•  	$36,000 of Allied stock valued at the closing price on the last day of each June
(rounded down to the nearest whole share)

          The directors have the option to defer receipt of the cash and/or Allied stock until the
director retires from the Allied board or the occurrence of a qualifying Allied change of control.

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