Document:

Exhibit 10.1

SECOND AMENDMENT TO AGREEMENT OF LEASE

THIS SECOND AMENDMENT TO AGREEMENT
OF LEASE (this “Amendment”)
is made this 1st day of May, 2007, by ATRIUM
BUILDING, LLC, a Maryland limited liability company (“Landlord”) and
TESSCO TECHNOLOGIES, INC., a
Delaware corporation (“Tenant”).

W I T N E S S E T H:

WHEREAS, Landlord and Tenant entered into that
Agreement of Lease dated November 3, 2003, as amended by that certain First
Amendment to Agreement of Lease dated January 23, 2007 (collectively, the “Lease”),
by the terms of which Tenant leases from Landlord and Landlord leases to Tenant
that certain premises containing an agreed upon equivalent of 93,549 square
feet of rentable area (the “Premises”) within the office building located at
375 West Padonia Road, Timonium, Maryland 21093 (the “Building”), all as more
particularly described in the Lease for a term which expires on November 30,
2007;

WHEREAS, Landlord and Tenant mutually desire to
extend the term of the Lease and to amend the same with respect to the Base
Rent and certain other matters of the Lease, all as more particularly set forth
below; and

WHEREAS, all capitalized terms used in this
Amendment which are not defined herein shall have the meanings given to them in
the Lease, unless the context otherwise requires.

NOW, THEREFORE, in consideration of the above
Recitals and the mutual covenants and conditions contained herein, and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, Landlord and Tenant agree as follows:

1.             Extension of
Term.  Landlord and Tenant agree that
the Term of the Lease shall be extended for one (1) additional period of five
(5) years and one (1) month, commencing on December 1, 2007, and expiring
December 31, 2012 (the “Second Renewal Term”). 
Tenant’s rental of the Premises during the Second Renewal Term shall be
on the same terms, covenants and conditions set forth in the Lease, provided,
however, that Tenant shall pay as Base Rent during the Second Renewal Term the
amounts set forth below:

	
   

  	
   

  	
   

  	
   

  	
  Monthly Installment

  	
   

  
	
  Period of Second Renewal Term

  	
   

  	
  Annual Base Rent

  	
   

  	
  of Annual Base Rent

  	
   

  
	
  12/1/07—11/30/08

  	
   

  	
  $

  	
  1,496,784.00

  	
   

  	
  $

  	
  124,732.00

  	
   

  
	
  12/1/08—11/30/09

  	
   

  	
  $

  	
  1,541,687.52

  	
   

  	
  $

  	
  128,473.96

  	
   

  
	
  12/1/09—11/30/10

  	
   

  	
  $

  	
  1,587,938.15

  	
   

  	
  $

  	
  132,328.18

  	
   

  
	
  12/1/10—11/30/11

  	
   

  	
  $

  	
  1,635,576.29

  	
   

  	
  $

  	
  136,298.02

  	
   

  
	
  12/1/11—11/30/12

  	
   

  	
  $

  	
  1,684,643.58

  	
   

  	
  $

  	
  140,386.96

  	
   

  
	
  12/1/12—12/31/12

  	
   

  	
  $

  	
  1,735,182.84

  	
  *

  	
  $

  	
  144,598.57

  	
   

  

*  The parties acknowledge that the Base Rent is
annualized based on a full year.

2.             Modification of
Base Year Building Expenses.  As of
the commencement of the Second Renewal Term, the term, “Base Year Building
Expenses,” as set forth in Section 1.1.9 of the Lease, shall mean the
actual Building Expenses per rentable square foot incurred by Landlord for the
2007 calendar year.

3.             Modification of
Base Year Taxes.  As of the
commencement of the Second Renewal Term, the term, “Base Year Taxes,” as set
forth in Section 1.1.10 of the Lease, shall mean the actual Taxes
incurred by Landlord per rentable square foot for the 2007 calendar year.

4.             Modification of
Allowance.  As of the date of this
Amendment, the term, “Allowance,” as set forth in Section 1.1.11 of the
Lease, shall mean the sum of One Million One Hundred Sixty-Nine Thousand Three
Hundred Sixty-Two Dollars and Fifty Cents ($1,169,362.50), which 

amount includes the “Leftover Lease Allowance.”  As used herein, the term “Leftover Lease
Allowance” means the sum of Two Hundred Seventy-Four Thousand Forty Seven and
no/Dollars ($274,047.00), which amount represents the remainder of the
allowance originally granted to Tenant pursuant to Section 35 of the
Lease.  At any time after execution of
this Amendment, Tenant shall have the right to perform improvements to the
Premises in accordance with Section 10 of the Lease.  The Allowance shall be paid by Landlord to
Tenant for amounts actually paid by Tenant in connection with the such
improvements to Tenant’s vendors, suppliers or contractors, provided that
Landlord shall have received (i) a certificate signed by Tenant setting forth
(a) that the sum then requested was paid by Tenant to contractors,
subcontractors, materialmen, engineers and other persons who have rendered
services or furnished materials in connection with work on the Premises, (b) a
complete description of such services and materials and the amounts paid or to
be paid to each of such persons in respect thereof, and (ii) paid receipts or
such other proof of payment as Landlord shall reasonably require for all such
work completed.  Landlord shall reimburse
Tenant within thirty (30) days after Landlord’s receipt of a written request
for reimbursement from Tenant and shall debit the Allowance therefor. Notwithstanding
the foregoing, the parties acknowledge and agree that Landlord is currently processing
a request from Tenant to disburse a portion of the Allowance in the amount of
$4,691.41, which amount shall be deducted from the Allowance upon payment
thereof.

5.             Deletion of
Termination Option.  As of the date
of this Amendment, Section 51 of the Lease is hereby deleted in its
entirety.

6.             Broker.  Tenant represents that Tenant has not dealt
directly or indirectly with any broker in connection with this Amendment other
than Blue & Obrecht (“Broker”) and Tenant warrants that no other broker
negotiated this Amendment or is entitled to any commissions in connection with
this Amendment.  Landlord shall pay
Broker its commission pursuant to the terms of a separate commission agreement
by and between Landlord and Broker.

7.             Ratification of
Lease.  All other terms, covenants
and conditions of the Lease shall remain the same and continue in full force
and effect, and shall be deemed unchanged, except as such terms, covenants and
conditions of the Lease have been amended or modified by this Amendment and this
Amendment shall, by this reference, constitute a part of the Lease.

IN WITNESS WHEREOF, Landlord and Tenant have respectively affixed their
hands and seals to this Amendment as of the day and year first above written.

	
  WITNESS:

  	
   

  	
  LANDLORD:

  	
   

  
	
   

  	
   

  	
  ATRIUM BUILDING, LLC

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  	
  (SEAL)

  
	
   

  	
   

  	
   

  	
  Roger A. Waesche, Jr.

  	
   

  
	
   

  	
   

  	
   

  	
  Executive Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WITNESS:

  	
   

  	
   

  	
  TENANT:

  	
   

  
	
   

  	
   

  	
   

  	
  TESSCO TECHNOLOGIES, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  	
  (SEAL)

  
	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title:Exhibit
10.1

PAPA JOHN’S
INTERNATIONAL, INC.

Agreement
For Service As Chairman

August 9,
2007

Papa John’s International, Inc. (the “Company”)
and John H. Schnatter (the “Chairman”) (each a “Party” and collectively, the “Parties”),
who is the founder of the Company, hereby agree to the following terms with
respect to his service as Chairman of the Board of Directors of the Company
(this “Agreement”).  The terms of this
Agreement shall take effect as of the date first written above and shall remain
in effect so long as the Chairman is a director of the Company and remains
Chairman as elected by the Company’s Board of Directors.

1.             Duties and Responsibilities.  The Chairman shall serve as the
non-executive Chairman of the Board of Directors of the Company and advisor to
the Company whose duties and responsibilities under this Agreement shall
include those determined by the Board of Directors of the Company from time to
time, along with such other duties as may be agreed upon by the Parties,
including the following:

	
  ·

  	
  Chair
  meetings of the Company’s Board of Directors, with the ability to
  delegate as desired or necessary.

  
	
   

  	
   

  
	
  ·

  	
  Work with
  the Lead Independent Director of the Company and the Company’s Chief
  Executive Officer (“CEO”) and Secretary to plan and develop (i) the
  schedule of dates for regular meetings of the Board of Directors and
  (ii) the agenda and schedule for each meeting of the Board of Directors.

  
	
   

  	
   

  
	
  ·

  	
  Work with
  the Lead Independent Director and the CEO and Secretary to coordinate the
  quality, quantity and timing of materials, information and
  presentations to be provided to the Board of Directors.

  
	
   

  	
   

  
	
  ·

  	
  Meet with
  the CEO on a quarterly basis to discuss issues and opportunities and how to
  best realize the objectives of the Board of Directors or on a more frequent
  basis, to the extent deemed necessary by the Chairman.

  
	
   

  	
   

  
	
  ·

  	
  At the
  Chairman’s option, attend appropriate meetings of committees established by
  the Board of Directors.

  
	
   

  	
   

  
	
  ·

  	
  Provide
  information and insights, based on his significant knowledge of and
  experience in the Company’s business, to the Board of Directors and the CEO.

  

 

2.             Stock Options.  In addition to any grants made
pursuant to that certain Agreement For Service as Founder (the “Founder’s
Agreement”) or the Exclusive License Agreement (the “License”), both of even
date herewith, between the Parties, the Company shall grant, under such stock
option plan(s) as the Company may deem appropriate, annual grants of stock
options to the Chairman with a minimum value of $300,000, or such greater
amount -

as may be determined by the Compensation
Committee.  The specific terms of each
option grant, including the grant date and exercise price, will be determined
by the Compensation Committee and will be set forth in stock option agreements
to be executed by the Chairman and the Company. 
The value of the stock options for this purpose shall be determined
using the Black-Scholes method, the binomial options model or such other method
reasonably acceptable to, and determined by, the Compensation Committee
(provided that the timing of stock option grants and the methodology used to
value such grants shall generally be substantially similar to that associated
with stock options granted to the Company’s senior management or non-management
directors during the same year).  The
parties hereby further agree that the option grants provided for herein will be
in lieu of any cash compensation that non-employee directors of the Company may
otherwise be entitled to from time to time during the term of this
Agreement.  For the avoidance of doubt, in the event that the
stock options granted under this Section 2 have been granted under a Company
plan that provides for such grants to, inter alia,
consultants to, or advisors of, the Company, and any of this Agreement, the Founder’s Agreement or the License is in
effect, or Chairman is otherwise serving as a consultant or advisor to the
Company, for purposes of the applicable stock option plan and agreement related
to such stock options granted hereunder, the Chairman shall be deemed to be
providing services as a “consultant” or “advisor” to the Company; in the event
that the stock options granted under this Section 2 have been granted
under a Company plan that provides for such grants only to non-employee
directors, for purposes of the applicable
stock option plan and agreement related to such stock options granted
hereunder, the Chairman shall be deemed a non-employee director for so
long as he is serving in such capacity on the Company’s board of directors.

3.             Reimbursable Expenses.  The
Chairman shall be entitled to reimbursement of expenses incurred in connection
with Company business pursuant to Company policy; provided, that reimbursement
for air travel aboard private aircraft (including any aircraft owned by the
Chairman), under this Agreement and the Founder’s Agreement, shall not exceed
$300,000 per year without the written consent of the Compensation
Committee.  For expenses other than those
associated with travel on private aircraft, the level of reimbursement shall
include First Class domestic and international travel.

4.             Prior Agreements.  This Agreement supersedes and replaces any
and all prior employment agreements and severance agreements, whether written
or oral, by and between the Company and the Chairman, other than the Founder’s
Agreement and the License.

5.             Governing Law. 
These Terms shall be governed by and
construed in accordance with the laws of the Commonwealth of Kentucky, without reference
to principles of conflict of laws.

6.             Dispute Resolution and Binding Arbitration. 
Chairman and the Company agree that in the event a dispute arises
concerning or relating to this Agreement, such dispute shall be submitted to
binding arbitration in accordance with the rules of the American Arbitration
Association then in effect.  The
arbitration shall be conducted before a panel of three (3) arbitrators in
Louisville, Kentucky (or such other place as the parties may agree).  Each party shall
designate one (1) arbitrator to serve on the arbitration panel, and the two
designed arbitrators shall then jointly select the remaining third
arbitrator.  Chairman and the Company agree that the
arbitration procedure provided for in this

 2
 

section will be
the exclusive avenue of redress for any disputes relating to or arising from
this Agreement, and that the award of the arbitrator shall be final and binding
on both parties, and nonappealable.  The
panel shall have discretion to award monetary and other damages, or no damages,
and to fashion such other relief as the arbitrator deems appropriate.  The panel shall also have discretion to award
the prevailing party reasonable costs and attorneys’ fees incurred in bringing
or defending an action under this provision. 
Each of the parties hereto consents to the application of
AAA Rules and waives any objection as to venue or jurisdiction.  Each of the parties further agrees that all
dispute resolution proceedings, including, but not limited to, all discussions,
proceedings, submissions, settlements or other dispositions relating to any
such dispute, shall be considered confidential, shall be held in strict
confidence by the parties, and shall not be disclosed to any third party
without the prior written consent of the other party, except as required by
applicable law.  Neither party shall
issue any press releases or make any public statements relating to any pending
or resolved dispute resolution proceedings without the prior written consent of
the other party, except as required by applicable law.  Process in any action or proceeding referred
to in the preceding sentence may be served on any party anywhere in the
world.  Judgment on any award rendered by the arbitrator
may be entered in any court having jurisdiction thereof.

[REMAINDER OF PAGE LEFT
INTENTIONALLY BLANK]

 3
 

IN WITNESS
WHEREOF, the parties have executed this Agreement as of the date first above
written.

	
  

  	
  Chairman

  	
   

  	
  Papa John’s International,

  Inc.

  	
   

  
	
   

  	
  By:

  	
  /s/ John H. Schnatter

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Nigel Travis

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name: 

  	
  John H.
  Schnatter

  	
   

  	
   

  	
  Name:

  	
  Nigel Travis

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title: 

  	
  Chairman

  	
   

  	
   

  	
  Title:

  	
  President & CEO

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Date: 

  	
  August 9, 2007

  	
   

  	
   

  	
  Date:

  	
  August 9, 2007

  	
   

  
																

 

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]