Document:

Jeff C. Hale employment letter agreement

 EXHIBIT 10.66 
  

			
	 

	  	 Path 1 Network Technologies Inc.
 6215 Ferris Square, Suite 140
 San Diego, CA 92121
  
 Phone 858.450.4220
 Fax 858.450.4203
 www.path1.com

  
 August 11, 2004 
  
 Jeff Hale 
 20 Sand Cherry 
 Littleton, CO 80127 
  

Dear Jeff, 
  
 I have enjoyed talking to you about joining the Path 1 team as Vice President of Sales. I am delighted to offer you this position as more fully set forth below 
  

			
	 Position:
 Reporting to:
 Classification:
 Base Annual Salary:
	  	 VP of Sales
 John R. Zavoli President &
CEO
 Exempt
 $160,000.00

		
	 Commission Rate:
	  	3% on $2.8 million quota (pro-rated for 2004) 3.25% in excess of quota. Commissions will be earned generally on all revenues which you are involved in generating or supporting, whether direct or
indirect through the Company’s partners or resellers. Upon commencement of your employment, we will agree on those accounts which may be excluded from counting toward your quota because of, for example, pre-existing purchase order commitments
made by these customers or partners.
		
	 Incentive Bonus:
	  	$20,000.00 upon hitting individual sales quota. $10,000.00 upon company reporting $6 million in revenues in 2004.
		
	 Relocation Assistance:
	  	The company presently has no plans to relocate you and your family. However, should we mutually agree at a later time to relocate you, we will negotiate and agree on relocation assistance toward
the relocation.
		
	 Stock Options/
 Restricted Stock
	  	Subject to Board approval, stock options on 50,000 shares of Common Stock with an exercise price at fair market value on the date of grant, vesting in sixteen equal quarterly installments over
four (4) years in accordance with the company’s 2000 or 2004 Stock Option/Stock Issuance Plan.
		
	 Start Date:
 Offer Expiration Date:
	  	 September 1, 2004
 August 16, 2004

  
 You must sign Path 1 Network
Technologies’ Proprietary Information and Invention Agreement on your first day of employment. We offer a comprehensive benefits package, including company paid medical, dental, vision, Life and LTD. We provide 3 weeks of Paid Time Off, as well
as a holiday schedule that includes at least 11 assigned or floating holidays. We also offer a 401(k) plan. 
  
 This written offer of employment contains our complete offer. Any representations, whether written or oral, not contained in this letter are expressly cancelled and superseded by this offer. 
  

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 Please sign and date the copy of this letter and return to my attention. 
  
  
 Sincerely,

  
 John R. Zavoli 
 President and CEO 
  
  
  
  
  
 I understand that employment with Path 1 Network Technologies Inc. is “at will”, and not for a specified term, and is at the mutual consent of the employee and
the company. Accordingly, either the employee or the company can terminate the employment relationship at will, with or without cause, at any time. My signature below memorializes my full understanding and acceptance of this offer of employment.

  
 Approved and Accepted 
  
  
  

					
	 /s/    John R. Zavoli
	 	 	 	 8/12/04

	 Name
	 	 	 	 Date

  

 2 of 2Mark Buckner letter agreement

 Exhibit 10.67 
  

			
	 

	  	 Path 1 Network Technologies Inc.
 6215 Ferris Square, Suite 140
 San Diego, CA 92121
  
 Phone 858.450.4220
 Fax 858.450.4203
 www.path1.com

  
 August 12, 2004 
  
 Mark D. Buckner 
 P.O. Box 7250 
 Rancho Santa Fe, CA 92067 
  
 Dear Mark, 
  
 On behalf of Path 1 Network Technologies Inc., we are excited to have you join us as a Director on our Board of Directors. We believe your skills and talents would
greatly add to this distinguished panel. 
  

			
	 Position:
 Reporting to:
 Monthly Compensation:
 Stock Options:
	  	 Director; Chairman, Audit Committee
 Chairman of the
Board of Directors
 $2,000
 Incentive stock options on 25,000
shares subject to Board approval of Class B Common Stock with an exercise price to be determined on the date of grant per share fully vesting quarterly over a two (2) year period in accordance with the company’s 2000 Stock Option Plan, subject
to Board approval.

		
	 Effective Date:
	  	August 3, 2004

  
 We look forward to your
acceptance of this offer and to a mutually rewarding professional relationship. 
  
 Sincerely, 
  
 Path 1 Network Technologies Inc. 
  
  
 By: John R.
Zavoli 
 Director; President & CEO 
  
  

 If you agree to all the
terms and conditions of this agreement, please sign and return to me, at which time it will become binding. 
  
  
  
  

					
	 /s/    John R. Zavoli
	 	 	 	 8/12/04

	 Name
	 	 	 	 Date

  

 1 of 1David Houillion Restricted Stock Award Agreement

 Exhibit 10.68 
  
 RESTRICTED STOCK AWARD AGREEMENT FOR 
 PATH 1 NETWORK TECHNOLOGIES INC. UNDER THE 
 2000 STOCK OPTION/STOCK ISSUANCE PLAN

  
 THIS RESTRICTED STOCK AWARD AGREEMENT (the
“Agreement”) entered into as of the 12th day of July, 2004, by and between Path 1 Network Technologies
Inc., a Delaware corporation (the “Company”), and Lester Briney (herein referred to as the “Participant”); 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Participant serves as Vice President, Engineering for the Company; 
  
 WHEREAS, Company, through the Compensation Committee of the Board of Directors, has determined that it desires to
maintain for Participant an incentive package to retain Participant as a key executive; 
  
 WHEREAS, the Company has previously adopted the Path 1 Network Technologies 2000 STOCK OPTION/STOCK ISSUANCE PLAN, as amended (the “Plan”);  
  
 WHEREAS, pursuant to the Plan, the Company has awarded the Participant
shares of common stock under the Plan subject to the terms and conditions of this Agreement; 
  
 WHEREAS, Company has determined that it is in its best interests to provide Participant with a restricted stock award as is more fully set forth below. 
  
 NOW, THEREFORE, in consideration of the premises and the mutual
promises and covenants herein contained, the Participant and the Company agree as follows (all capitalized terms used herein, unless otherwise defined, have the meaning ascribed to such terms as set forth in the Plan): 
  
 1. The Plan. The Plan, a copy of which is attached hereto as Exhibit
A, is hereby incorporated by reference herein and made a part hereof for all purposes, and when taken with this Agreement shall govern the rights of the Participant and the Company with respect to the Award (as defined below). 
  
 2. Grant of Award. The Company hereby grants to the Participant an
award (the “Award”) of Fifty Thousand (50,000) shares of Company common stock, par value $0.001 (the “Stock”), on the terms and conditions set forth herein and in the Plan. 
  

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 3. Terms of Award. 
  
 (a) Escrow of Shares. A certificate representing the shares of Stock subject to the Award (the “Restricted
Stock”) shall be issued in the name of the Participant and shall be escrowed with the Secretary of the Company (the “Escrow Agent”) subject to removal of the restrictions placed thereon or forfeiture pursuant to the terms of this
Agreement. 
  
 (b) Vesting. One-half of the shares of
Restricted Stock will vest based on the Participant’s continuous employment with the Company through February 17, 2005. The remaining one-half of the shares of Restricted Stock will vest over four (4) quarterly installments based on the
Participant’s continuous employment with the Company from the period February 18, 2005 through February 17, 2006. In the event the Participant’s employment with the Company is terminated by reason of (i) death, (ii) disability, (iii)
without “Cause”, or (iv) by the Participant voluntarily for “Good Reason”, then all remaining shares of Restricted Stock that have not yet been vested shall immediately vest. Once vested pursuant to the terms of this Agreement,
the Restricted Stock shall be deemed Vested Stock. Should any vesting date occur on a day during a “quiet period”, where Participant would be restricted from trading Company shares, then the vesting date shall be deemed to occur
immediately on the next date on which trading in the Company shares would be permitted. 
  
 (c) Voting Rights and Dividends. The Participant shall have all of the voting rights attributable to the shares of Restricted Stock issued to him. Cash dividends declared and paid by the Company with respect to
the shares of Restricted Stock shall be paid to the Participant. 
  
 (d) Vested Stock—Removal of Restrictions. Upon Restricted Stock becoming Vested Stock, all restrictions shall be removed from the certificates representing such Stock and the Secretary of the Company shall deliver to the
Participant certificates representing such Vested Stock free and clear of all restrictions. 
  
 (e) Forfeiture. In the event the Participant’s employment with the Company is terminated for any reason other than (i) death, (ii) disability, (iii) without Cause, or (iv) by the Participant for Good
Reason prior to all shares of Restricted Stock becoming Vested Stock, then, all remaining shares of Restricted Stock which have not yet been vested shall be absolutely forfeited and the Participant shall have no further interest therein of any kind
whatsoever. 
  

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 4. Change of Control. 
  
 (a) Upon a Change of Control, all Restricted Stock shall immediately become Vested Stock and the Company shall deliver to
the Participant certificates representing the Vested Stock free and clear of all restrictions. The Company shall pay to the Participant a Gross-Up Payment determined to cover the cost of any income taxes imposed on the vested stock as a result of
vesting pursuant to a Change in Control; provided however, that such Gross-Up payment shall be made only if the Participant has not been terminated for Cause as defined in Section 5, or has not voluntarily terminated for Good Reason as defined in
Section 6. The Company may elect to pay to Participant that number of shares as would be required to match the Gross-Up Payment, calculated based on the closing market price of the Company’s stock on the date the restrictions on the Restricted
Stock lapse. 
  
 (b) “Change of Control” means the
occurrence in a single transaction or a series of related transactions of any one or more of the following events: (i) a sale, lease or other disposition of all or substantially all of the assets of the Company; (ii) a merger, reverse merger,
consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after the consummation of such merger, reverse merger, consolidation or similar transaction, the stockholders of the Company immediately prior
thereto do not own, directly or indirectly, outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting power of the surviving entity or more than fifty percent (50%) of the combined voting power of
the parent of the surviving entity in such merger, reverse merger, consolidation or similar transaction; (iii) any person, entity or group (within the meaning of Section 13(d) or 14(d) of the Exchange Act of 1934, as amended (the “Exchange
Act”) who or that becomes the owner, directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a
merger, reverse merger, consolidation or similar transaction; or (iv) the stockholders of the Company approve, or the Board of Directors approves, a plan of complete dissolution or liquidation of the Company, or a complete dissolution or liquidation
of the Company shall otherwise occur. 
  
 5. Cause.
“Cause” shall mean the occurrence of any one or more of the following: (i) participant’s conviction of, or plea of no contest with respect to, any felony involving fraud, dishonesty or moral turpitude; (ii) participant’s
participation in a fraud or act of dishonesty against the Company that results in material harm to the business of the Company; (iii) participant’s intentional violation of any contract or agreement or direct order between participant and the
Company or any statutory duty participant owes to the Company; or (iv) participant’s conduct that constitutes gross insubordination, incompetence, or habitual neglect of duties; provided, however, that the action or conduct 
  

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 continues after the Company has provided participant with written notice thereof and the fifteen (15) days to cure the
same. 
  
 6. Good Reason. Voluntary termination for
“good reason” shall mean that Participant voluntarily terminates employment with the Company after any of the following is undertaken by the Company without Participant’s written consent: (a) the assignment to Participant of any
duties or responsibilities that results in a significant diminution in Participant’s function as in effect immediately prior to the effective date of any Change of Control; or (b) a material change in Participant’s title or reporting
relationships as in effect immediately prior to the effective date of the Change of Control. 
  
 7. Legends. The shares of Stock that are the subject of the Award shall be subject to the following legend: 
  
 “THE SHARES OF STOCK EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO AND ARE TRANSFERRABLE ONLY IN ACCORDANCE WITH THE 2000 STOCK OPTION/STOCK
ISSUANCE PLAN. ANY ATTEMPTED TRANSFER OF THE SHARES OF STOCK EVIDENCED BY THIS CERTIFICATE IN VIOLATION OF SUCH AGREEMENT SHALL BE NULL AND VOID AND WITHOUT EFFECT. A COPY OF THE AGREEMENT MAY BE OBTAINED FROM THE SECRETARY OF PATH 1 NETWORK
TECHNOLOGIES INC.” 
  
 8. Stock Powers and the
Beneficiary. The Participant hereby agrees to execute and deliver to the Secretary of the Company a stock power (endorsed in blank) in the form of Exhibit B hereto covering his Award and authorizes the Secretary to deliver to the Company any and
all shares of Restricted Stock that are forfeited under the provisions of this Agreement, together with such stock power. 
  
 9. Non-transferability of Award. The Participant shall not have the right to sell, assign, transfer, convey, dispose, pledge, hypothecate, burden,
encumber or charge any shares of Restricted Stock or any interest therein in any manner whatsoever before they vest. 
  
 10. Notices. All notices or other communications relating to the Plan and this Agreement as it relates to the Participant shall be in writing.

  
 11. Binding Effect and Governing Law. This Agreement
shall be (i) binding upon and inure to the benefit of the parties hereto and their respective heirs, successors and assigns except as may be limited by the Plan and (ii) governed and construed under the laws of the State of California, without
regard to its conflicts of laws provisions. 
  

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 12. Withholding. The Company and the Participant shall comply with all federal and state laws and
regulations, if any, respecting the withholding, deposit and payment of any income, employment or other taxes relating to the Award. 
  
 13. Captions. The captions of specific provisions of this Agreement are for convenience and reference only, and in no way define, describe, extend
or limit the scope of this Agreement or the intent of any provision hereof. 
  
 14. Counterparts. This Agreement may be executed in any number of identical counterparts, each of which shall be deemed an original for all purposes, but all of which taken together shall form but one
agreement. 
  
 15. No Amendments. This Agreement
constitutes the complete agreement of the parties, and supersedes all prior agreements, oral or written. This Agreement may not be amended except in writing and signed by the parties hereto. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the day and year first above written. 
  

			
	 Path 1 Network Technologies Inc.
 (a Delaware corporation)

		
	By:	 	/S/  JOHN R. ZAVOLI      
		
	 Its:
	 	CEO
		
	 Date:
	 	7/12/04
	 	 	 
	 Participant

		
	 	 	/S/  LESTER BRINEY      
	 	 	Lester Briney
	 	 	 
		
	 Date:
	 	7/12/04

  

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 Exhibit B 
  
 ASSIGNMENT SEPARATE FROM CERTIFICATE 
  
 FOR VALUE RECEIVED,
                                    , an individual, hereby
irrevocably assigns and conveys to                             ,
                             AND NO/100
(            ) shares of the Common Stock of Path 1 Network Technologies Inc., a Delaware corporation, $0.01 par value, and appoints
                         as attorney to transfer such shares on the books of such corporation. 
  
 DATED
                                        
                                       
                                        
                     
  

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