Document:

Exhibit
10.14

 

FIRST
AMENDMENT TO THE LEASE OF 1000 AVENIDA ACASO,

CAMARILLO,
CALIFORNIA 93012–8712

 

RECITALS

 

A.                                   For reference purposes only, this First
Amendment is dated September 19, 2002.

 

B.                                     Defined terms in the Lease are to continue to
have their same definition in this First Amendment unless modified or created
herein.

 

C.                                     This document shall be referred to as the “First Amendment” to the Lease.

 

D.                                    The Parties hereto are Parr-Bohn Properties,
Ltd. II, a California limited partnership as Lessor and AML Communications,
Inc., a Delaware corporation as Lessee.

 

E.                                      This First Amendment is to amend that certain
lease dated March 11, 1996, hereinafter collectively referred to as the “Lease.”

 

F.                                      The Lease is for the Premises commonly known
as 1000 Avenida Acaso in the city of Camarillo, county of Ventura, state of
California.

 

G.                                     Lessor and Lessee have agreed to amend the
Lease as set forth in this First Amendment.

 

FIRST
AMENDMENT

 

1.                                       Term.  The Term of the
Lease is extended for five (5) years beyond the end of the Original Term
(hereinafter referred to as the “First
Extended Term”).  The Expiration Date is now April
30, 2008.  Paragraph 50 of the lease
titled “Option(s) to Extend is hereby deleted and of no force or effect.

 

2.                                       Rent.  As of May 1,
2003 the Base Rent will no longer adjust in accordance with Paragraph 49.  To set forth rent rates for the First
Extended Term, a new Paragraph numbered 58 is added to the Lease and attached
as an addendum hereto.

 

3.                                       Landscape Maintenance.  As an
inducement and a consideration for Lessee to enter into this First Amendment,
Lessor will, at Lessor’s sole cost and expense, perform landscape maintenance
on the Premises by contracting for the work shown in the estimates attached
hereto as Exhibit A; in addition Lessor will have the trees on the Premises
trimmed.  With this one time exception,
the landscaping has been, is, and will continue to be the responsibility of the
Lessee.  The Lessee shall maintain the
landscape in a condition similar to the condition of the landscaping after
Lessor has performed this one time maintenance task

 

4.                                       Subleasing.  We refer Lessee
to the provisions of the Lease regarding subleasing, in particular Paragraph 12
and its subparagraphs, along with Paragraph 56.  A copy of the Lease will be forwarded to Lessee if
requested.  Lessor will work with Lessee
in accordance with lease terms.

 

 

SIGNATURES

 

There are no further changes or additions to the Lease at this
time.  This First Amendment contains all
of the agreements and understandings of the Parties in respect to any matter
mentioned herein.  Nor prior agreement
or understanding pertaining to any such matter shall be effective.  This First Amendment may be modified in
writing only, signed by the parties in interest at the time of modification.  Except as otherwise modified herein, the
Lease shall remain in full force and effect.

 

THE ABOVE
IS IN ACCORDANCE WITH OUR UNDERSTANDING

AND IS
AGREED TO BY US:

 

PARR–BOHN
PROPERTIES, LTD. II, a California limited partnership

 

 

	
  By:

  	
  /s/ John M. Bohn

  	
   

  	
  Date:

  	
   Sept. 30, 2002

  	
   

  
	
  John M. Bohn, General Partner

  	
   

  

 

AML
COMMUNICATIONS, INC.
a Delaware corporation

 

 

	
  By:

  	
  /s/ Jacob Inbar

  	
   

  	
  Date:

  	
    Sept. 27,
  02

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Name and Title

  	
   

  
	
  Printed:

  	
  Jacob Inbar, Pres.

  	
   

  	
   

  
								

 

2

 

RENT ADJUSTMENT(S)

STANDARD LEASE ADDENDUM

 

	
   

  	
  Dated 
  September 19, 2002

  
	
   

  	
   

  
	
   

  	
  By and Between

  	
  (Lessor)  Parr-Bohn
  Properties, Ltd. II, a California limited partnership

  
	
   

  	
   

  
	
   

  	
   

  	
  (Lessee)  AML
  Communications, Inc., a Delaware corporation

  
	
   

  	
   

  
	
   

  	
  Address of Premises: 
  1000 Avenida Acaso, Camarillo, California 93012-8712

  

 

Paragraph  58.

 

A.                                    RENT
ADJUSTMENTS:

The monthly rent
for each month of the adjustment period(s) specified below shall be increased
using the method(s) indicated below:

 

(Check
Method(s) to be Used and Fill in Appropriately)

 

ý                                   I.                                         Cost
of Living Adjustment(s) (COLA)

 

a.                                       On
(Fill in COLA Dates):  May 1,
2005, and at the beginning of each twelve (12) month period thereafter the Base Rent shall
be adjusted by the change, if any, from the Base Month specified below, in the
Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department
of Labor for (select one): ý CPI W (Urban Wage
Earners and Clerical Workers), for (Fill in Urban Area): Los Angeles-Riverside-Orange Co. All items (1982-1984
= 100), herein referred to as “CPI”.

 

b.                                      The monthly rent
payable in accordance with paragraph A.I.a. of this Addendum shall be
calculated as follows: the Base Rent of $14,509.86 effective as of May
1, 2004,
shall be multiplied by a fraction the numerator of which shall be the CPI of
the calendar month two months prior to the month(s) specified in paragraph
A.I.a. above during which the adjustment is to take effect, and the denominator
of which shall be the CPI of the calendar month which is two months prior to
(select one): ý (Fill in Other
“Base Month”): May 2004. The sum so calculated shall constitute the new monthly
rent hereunder, but in no event, shall any such new monthly rent be less than
the rent payable for the month immediately preceding the rent adjustment.

 

c.                                       In the event the
compilation and/or publication of the CPI shall be transferred to any other
governmental department or bureau or agency or shall be discontinued, then the
index most nearly the same as the CPI shall be used to make such
calculation.  In the event that the
Parties cannot agree on such alternative index, then the matter shall be
submitted for decision to the American Arbitration Association in accordance
with the then rules of said Association and the decision of the arbitrators
shall be binding upon the parties.  The
cost of said Arbitration shall be paid equally by the Parties.

 

d.                                      It
is agreed that the Cost of Living Adjustment for each COL Adjustment Date will
not be less than 2% nor more than 6% of the base rent.

 

	
  o

  	
  II.

  	
  Market Rental Value
  Adjustment(s) (MRV)

  	
  /s/ JMB

  	
   

  	
  /s/ JI

  

 

a.  On (Fill in MRV Adjustment Date(s): none
during the First Extended Term the Base Rent shall be adjusted to the
“Market Rental Value” of the property as follows:

 

1)  Four
months prior to each Market Rental Value Adjustment Date described above, the
Parties shall attempt to agree upon what the new MRV will be on the adjustment
date.  If agreement cannot be reached
within thirty days, then:

 

(a)  Lessor and Lessee shall immediately
appoint a mutually acceptable appraiser or broker to establish the new MRV
within the next thirty days.  Any
associated costs will be split equally between the Parties, or

 

(b)  Both Lessor and Lessee shall each
immediately make a reasonable determination of the MRV and submit such
determination, in writing, to arbitration in accordance with the following
provisions:

 

(i) Within fifteen days thereafter, Lessor and
Lessee shall each select an ý appraiser (“Consultant” - check one) of their choice
to act as an arbitrator.  The two
arbitrators so appointed shall immediately select a third mutually acceptable
Consultant to act as a third arbitrator.

 

(ii) The Three arbitrators shall within thirty days
of the appointment of the third arbitrator reach a decision as to what the
actual MRV for the Premises is, and whether Lessor’s or Lessee’s submitted MRV
is the closest thereto.  The decision of
a majority of the arbitrators shall be binding on the Parties.  The submitted MRV which is determined to be
the closest to the actual MRV shall thereafter be used by the Parties.

 

(iii) If either of the Parties fails to appoint an
arbitrator within the specified fifteen days, the arbitrator timely appointed
by one of them shall reach a decision on his or her own, and said decision
shall be binding on the Parties.

 

(iv) The entire cost of such arbitration shall be
paid by the party whose submitted MRV is not selected, ie. the one that is NOT
the closest to the actual MRV.

 

2) 
Notwithstanding the foregoing, the new MRV shall not be less than the
rent payable for the month immediately preceding the rent adjustment.

 

b.  Upon the
establishment of each New Market Rental Value:

 

1)  the new
MRV will become the new “Base Rent” for the purpose of calculating any further
Adjustments, and

2)  the first
month of each Market Rental Value term shall become the new ‘Base Month’ for
the purpose of calculating any further Adjustments.

 

 

	
  Initials:

  	
  JMB

  	
   

  	
  Initials:

  	
  JI

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

For this form, write: American
Industrial Real Estate Association, 700 S. Flower Street, Suite 600,

Los Angeles, Calif. 90017

	
  ©1997 - American Industrial Real
  Estate Association

  	
   

  	
  REVISED

  	
  FORM RA-2-3/97E

  

 

1

 

ý                                   III.                                 Fixed
Rental Adjustment(s) (FRA)

 

The Base Rent shall be increased to the
following amounts on the dates set forth below: 

 

	
  On (Fill in FRA Adjustment Date(s)):

  	
   

  	
  The New
  Base Rent shall be:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  May
  1, 2003

  	
   

  	
  $

  	
  12,008.16

  	
   

  
	
  May
  1, 2004

  	
   

  	
  $

  	
  14,509.86

  	
   

  
	
   

  	
   

  	
  $

  	
   

  
	
   

  	
   

  	
  $

  	
   

  

 

B.                                    NOTICE:

 

Unless specified
otherwise herein, notice of any such adjustments, other than Fixed Rental
Adjustments, shall be made as specified in paragraph 23 of the Lease.

 

 

	
  Initials:

  	
  JMB

  	
   

  	
  Initials:

  	
  JI

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

2

 

EXHIBIT A

 

 

JF LANDSCAPING MAINTENANCE JOB ESTIMATE

P.O. BOX 1801

Camarillo, Ca. 93011

(805) 482-9368

 

 

TO:                        AML
Communications

 

DATE:         September  06, 2002

 

COST ESTIMATE FOR ADDITIONAL
MISCELLANEOUS WORK

 

	
  ESTIMATE
  #1

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
   

  	
  Cut 6 inches of ivy
  between well and ivy in the area in front of the Building as well as on the
  right side of the building (along Adolfo) .

  	
   

  	
   

  
	
  2.

  	
   

  	
  On Adolfo side of the
  street cut ivy around the Trees as well as remove The dead bushes.

  	
  $

  	
  550.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ESTIMATE
  #2

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
   

  	
  Cut all ivy evenly
  along the Adolfo side of the street.

  	
   

  	
   

  
	
  2.

  	
   

  	
  Remove ivy around each
  tree.

  	
   

  	
   

  
	
  3.

  	
   

  	
  Remove all dead bushes.

  	
   

  	
   

  
	
  4.

  	
   

  	
  Trim all bushes to
  measure approximately 3-4 feet tall, (Please note, all of this work is to
  take place between the street Adolfo and the parking lot area).

  	
  $

  	
  2380.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ESTIMATE
  #3

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
   

  	
  Trim all bushes in the
  parking lot area, to measure approximately 3-4 feet tall.

  	
   

  	
   

  
	
  2.

  	
   

  	
  Remove all ivy around
  the light posts.

  	
   

  	
   

  
	
  3.

  	
   

  	
  Trim all bushes around
  the electric box, to measure approximately 3-4 feet tall.

  	
  $

  	
  1150.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ESTIMATE
  #4

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
   

  	
  Trim all bushes along
  the building on the parking lot side. 
  Bushes should measure the 10 measure approximately 3-4 feet tall.

  	
   

  	
   

  
	
  2.

  	
   

  	
  In the area where the
  Fire Dept. valves are located, trim all the ivy around the trees and the
  bushes.

  	
  $

  	
  420.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  THE TOTAL AMOUNT DUE FOR EACH JOB IS DUE UPON
  COMPLETION, BE ADVISED THAT THE PRICE INCLUDES REMOVAL OF CLIPPINGS TO THE
  DUMP.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TOTAL COST ESTIMATE

  	
  $

  	
  4500.00

  	
   

  
							

 

 

	
  I agree to the cost and
  authorize work.

  	
  Signature

  	
   

  	
   

  	
   

  
	
   

  	
  Print NameEXHIBIT: 10.15

 

AML COMMUNICATIONS, INC.

EMPLOYMENT AGREEMENT

 

This Employment Agreement (“Agreement”) is made and entered into as of
June 18, 2004 (the “Effective Date”) by and between AML Communications,
Inc., a Delaware corporation (“Company”) and Dr. Marina Bujatti (the
“Executive”), based on the following facts:

 

A.                                   Executive
was a founder of Microwave Power, Inc., a California corporation (“MPI”).

 

B.                                     Company,
a subsidiary of the Company, the Executive and MPI have entered into an
Agreement of Merger (“Merger Agreement”) to which the form of this Employment
Agreement is attached as Exhibit C.

 

C.                                     Company
desires to employ Executive as an employee.

 

Based on the foregoing facts and circumstances and for good and
valuable consideration, Company and Executive agree as follows:

 

1.                                       Employment.

 

1.1                                 Company
hereby employs Executive at its location in Santa Clara, California, on a full
time basis to perform duties as Company and Executive shall agree and as may be
reasonably assigned by the President or the Board of Directors of Company
consistent therewith.

 

1.2                                 Executive
shall perform her duties on a full time basis and shall render her services to
the Company in a faithful, diligent and competent manner.

 

1.3                                 Unless
sooner terminated pursuant to the provisions of this Agreement, Company shall
employ Executive commencing on the Effective Date which term shall continue
until the second year anniversary of the Effective Date (the “Initial Term”);
provided however this Agreement shall be automatically renewed on the second
anniversary of the Effective Date unless either party gives notice otherwise at
lease 90 days prior to such anniversary of the Effective Date.  This Agreement may be sooner terminated as
provided herein.

 

1.4                                 The
term of employment shall be terminated by the death or disability of
Executive.  Disability shall mean the
inability of Executive to provide the services specified in this Section 1
for a period of four (4) consecutive months. 
In the event of termination pursuant to this Section 1.4, Company
shall pay to Executive (or her estate): (a) any accrued Base Salary as of the
termination date to the extent not theretofore paid; (b) any accrued vacation
pay as of the termination date to the extent not theretofore paid; and (c) any
unreimbursed business expenses of Executive.

 

1.5                                 In
the event that the employment of Executive is terminated by the Company without
Cause, the Company shall pay to Executive: 
(a) any accrued Base Salary as of the termination date to the extent not
theretofore paid; (b) any accrued vacation pay as of the termination date to
the extent not theretofore paid; (c) any unreimbursed business expenses of
Executive; and (d) if such termination occurs during the Initial Term, her
salary from such termination date until the end of the Initial Term (the
“Severance Compensation”).  The
Executive shall have no obligation to seek employment and there shall be no
offset of the Severance Compensation. 
The Severance Compensation is the only amount which Executive shall
receive in the event Executive’s employment is terminated without Cause.

 

1

 

1.6                                 As
used in this Agreement, the term “Cause” shall mean and refer to a belief by
Company, founded upon fair and honest reasons, that good cause exists for
Executive’s termination including, but not limited to, a good faith belief that
any of the following events have taken place:

 

(a)                                  the
breach of this Agreement, after written notice specifying the breach and the
failure of Executive to cure such breach within 30 days of the receipt of such
written notice;

 

(b)                                 the
commission of any unlawful job related act or wrongful act involving moral
turpitude by Executive;

 

(c)                                  the
refusal or failure of Executive to perform her duties as an employee of the
Company consistent with this Agreement, so long as the Company shall have first
given Executive a written notice specifying the refusal or failure, and
Executive shall have failed to cure such refusal or failure within 30 days of
the receipt of such written notice;

 

(d)                                 continuing
insubordination by Executive for a period of more than 7 days after written
notice specifying such insubordination with respect to the direction of
Executive by the President or the Board of Directors of the Company;

 

1.7                                 In
the event of termination for Cause or voluntary termination by Executive,
Company shall pay to Executive (a) any accrued Base Salary as of the
termination date to the extent not theretofore paid; (b) any accrued vacation
pay as of the termination date to the extent not theretofore paid; and (c) any
unreimbursed business expenses of Executive.

 

2.                                       Compensation
and Expenses.

 

2.1                                 As
compensation for all services rendered by Executive to Company, Executive shall
receive an annual salary of $113,000 (the “Base Salary”), paid on the regular
pay dates of Company during the period of her employment.  In addition, Executive shall receive a 10%
of Base salary as bonus upon achieving goals of financial performance agreed
annually by the Company and the Executive. Executive may also be eligible for
corporate bonuses as determined in the sole discretion of the Chief Executive
Officer or the Board of Directors of Company.

 

2.2                                 On
each of the first and second anniversary of the Effective Date, and if
Executive is employed by the Company at that time, Company shall grant to
Executive incentive stock options under the Company’s Stock Incentive Plan, a
copy of which is attached hereto as Exhibit A, to purchase 25,000 shares of the
Company’s common stock, vesting over a three year period.  The terms and conditions of such incentive
stock options shall be set forth on the Company’s standard form stock option
agreement.  Any non-renewal of this
Agreement or a termination of Executive’s employment without Cause shall
constitute “normal retirement” for purposes of Executive’s stock option
agreement.

 

2.3                                 Upon
presentation of properly completed expense statements on the Company’s expense
report forms, Company shall pay or reimburse Executive for all reasonable
expenses incurred or paid by her during her employment pursuant to this
Agreement.  As used in this
Section 2.3, the term “reasonable” shall mean that such expenses are
consistent with those of executives in comparable positions with the Company.

 

2.4                                 Executive
shall be entitled to the same benefits as other executives in comparable
positions with the Company, including paid vacation and such other benefits as
Company in its sole discretion provides. 
For purposes of determining the level of benefits, Executive shall be
credited with Executive’s years of service with MPI.  In addition, Executive shall receive $200 per month for
Executive’s Medicare premium.

 

2

 

3.                                       Restrictive
Covenants.

 

3.1                                 Introductory
Facts.

 

(a)                                  Executive
was President and a major shareholder of MPI which was acquired by the Company
pursuant to the Merger Agreement (the “Acquisition”).  Executive received 539,300 shares of the Company’s common stock
as consideration for such acquisition. 
In conjunction with the Acquisition, the Company acquired all of MPI’s
assets, including its goodwill. 
Executive acknowledges that MPI was engaged in the business of building
microwave power amplifiers (the “Business”). 
Executive further acknowledges that MPI has customers throughout the
United States, Japan, the European Union, China and Korea and that the
production, promotion, marketing and sales of the Business was conducted in the
United States, Japan, the European Union, China and Korea.

 

(b)                                 The
covenants set forth herein are an integral part of the consideration for the
transactions contemplated by the Merger Agreement and the Company would not
enter into the Merger Agreement but for Executive entering into an employment
agreement containing the covenants set forth in Section 3 of this
Agreement (the “Covenants”).  Executive
acknowledges that her receipt of consideration for the Acquisition contemplated
by the Merger Agreement is adequate consideration for Executive entering into this
Agreement and the Covenants set forth herein. 
Executive further acknowledges that Executive’s entry into this
Agreement and the Covenants set forth herein are a required part of the
Acquisition contemplated by the Merger Agreement.  The Covenants are intended to protect the goodwill of MPI’s Business.  Executive acknowledges and agrees that the
sale of all of his shares in MPI as part of the Acquisition constituted a “sale
of goodwill” as defined by California Business & Professions Code
§ 16601. As such, Executive acknowledges and agrees that the Covenant Not
to Compete set forth in Section 3.2 below is exempt from the restriction
set forth in California Business & Professions Code § 16600.

 

(c)                                  Executive,
together with the other selling shareholders, have owned and controlled MPI and
Executive has intimate knowledge of the Trade Secrets and Confidential
Information (as defined below) of MPI. In addition, as an executive of the
Company, Executive will be provided or will develop certain Trade Secrets and
Confidential Information of the Company. 
All such Trade Secrets and Confidential Information shall be owned
exclusively by the Company following the date hereof.  “Confidential Information” is non-public information pertaining
to the Business of MPI being transferred to the Company, which has been known
to Executive as a result of her ownership interest in and employment of MPI and
information about the Company which is provided to Executive or other employees
or agents of the Company by the Company, or developed by Executive or other
employees or agents of the Company in the scope of their employment or agency,
and obtained by Executive as a result of employment.  To the fullest extent consistent with the foregoing and permitted
by law, Confidential Information also (a) includes, without limitation, the
terms of this Agreement, any and all data or information relating to the
Business as conducted by MPI, financial affairs of MPI, information not
generally known to the public concerning the identity of MPI’s customers and
prospective customers, needs of MPI’s customers, MPI’s product specifications,
names of key employees of MPI, future development of the business of MPI and
the Company, MPI’s methods of operation, MPI’s marketing techniques, MPI’s sale
prices and profit margins, MPI’s business plans, MPI’s financial statements,
MPI’s personnel data, and MPI’s business projections, and (b) does not include
matters which constitute Trade Secrets. The term “Trade Secrets” shall have the
broadest meaning as defined by applicable law Notwithstanding anything to the
contrary above in this subsection (c), Executive may use any technical or
scientific know-how of Executive solely in a manner which is not competitive
with the Company or AML Holdings, LLC, provided that such use will not cause
the Company or AML Holdings, LLC to lose or waive any of its rights in or to
any Confidential Information or Trade Secrets but so long as Executive uses the
know-how in a manner which maintains its confidentiality such use shall not
constitute a loss or waiver.

 

3

 

(d)                                 MPI’s
sales occur throughout the United States and in many foreign countries.  If the Covenants were limited to the State
of California, its scope would not be sufficient to protect the interests of
the Company.

 

These introductory facts are a part of the Covenants and shall be used
in construing and interpreting it. 
Based on the foregoing facts, Executive agrees as set forth in this
Section 3.

 

3.2                                 Covenant
Not to Compete.

 

During the term of employment with the Company and for a period of two
years after the termination of employment with the Company, Executive will not,
directly or indirectly (including in association with his family members or
relatives), as an employee, sole proprietor, partner, equity holder, officer,
director, agent, consultant or other advisor, member or otherwise, carry on any
activities competitive with the Company with respect to the Business in the
United States, Japan, the European Union, China and Korea.

 

3.3.                              Covenant
Not to Solicit Customers.

 

During the term of employment with the Company and for a period of two
years after the termination of employment with the Company, Executive will not,
other than for or on behalf of the Company, solicit, approach or sell any
products or services competitive with the Business to any customer on the list
of customers of MPI attached as Exhibit B and incorporated by reference;
such list to be amended from time to time by the Company to include new
customers.  For avoidance of doubt,
nothing contained in this Section 3 shall prohibit Executive from
providing consulting services to customers of MPI in fields or product lines
other than the Business.

 

3.4                                 Covenant
Not to Disclose or Use Confidential Information & Trade Secrets.

 

During the term of employment with the Company and for the longest
period permitted by applicable law, Executive will not disclose or use for the
benefit of herself or any other person or entity, other than the Company or its
designees, any Trade Secret or Confidential Information of MPI or the Company,
except as otherwise known to the public at the time of such use, or except to
the extent that such Confidential Information or Trade Secret constitutes a
general body of knowledge about the Business.

 

3.5                                 Covenant
Against Derogatory Remarks and Interference.

 

During the term of employment with the Company and for a period of two
years after the termination of employment with the Company, Executive will not,
directly or indirectly, as an employee, sole proprietor, partner, shareholder,
officer, director, agent, consultant or other advisor, member or otherwise,
make any derogatory comments concerning the business of the Company.

 

3.6                                 Irreparable
Injury.

 

Executive acknowledges that the violation by Executive of any of the
provisions of Sections 3.2, 3.3, 3.4 and 3.5 of this Agreement will result in
irreparable injury to the Company and that the Company shall be entitled to (i)
the issuance of a temporary restraining order, (ii) a preliminary injunction
and (iii) a permanent injunction to prohibit either the continuation or another
breach of Sections 3.2, 3.3, 3.4 or 3.5 of this Agreement.

 

4

 

3.7                                 Monetary
Damages.

 

Notwithstanding any provision of this Agreement, the Company may seek
and obtain monetary damages according to proof for any breach of the Covenants
by Executive.

 

3.8                                 Inventions.

 

All inventions (including any contribution, improvement, ideas and
discoveries, whether or not subject to patent protection) made by Executive
during her employment by the Company, and which are related to the business of
the Company, shall belong to the Company. 
Executive shall promptly disclose such inventions to the Company and
perform all actions reasonably requested by the Company in support of her
invention and of the ownership thereof by the Company.

 

4.                                       Notices.

 

All notices, requests, consents and other communications required or
permitted to be given hereunder, shall be in writing and shall be given by
commercial courier service providing proof of delivery to the parties at the
following address (and all such notices shall be effective upon receipt):

 

If to the Company:

 

AML Communications, Inc.

1000 Avenida Acaso

Camarillo, CA 93012

Attn: Jacob Inbar

Fax: 805-484-2191

 

with a copy to:

 

Richardson & Patel LLP

10900 Wilshire Blvd. Suite 500

Los Angeles, California 90024

Attention:  Kevin K. Leung

 

If to Executive:

 

Dr. Marina Bujatti

3350 Scott Blvd., Building 25

Santa Clara, CA 95054

 

5.                                       Severability.  If a judicial determination is made that any
of the provisions of this Agreement constitute an unreasonable or otherwise
unenforceable restriction against Executive, said provision shall be rendered
void without rendering unenforceable any other restrictions under this
Agreement.  Moreover, the Company shall
be entitled to recover monetary damages as a result of the breach of any
provision hereof by Executive.  The time
period during which the prohibitions set forth in this Agreement shall apply
shall be tolled and suspended for a period equal to the aggregate quantity of
time during which there is pending litigation over the enforceability or
applicability of this Agreement.

 

6.                                      Indemnification.  Executive hereby agrees to indemnify and
defend the Company and to hold the Company harmless from and against any and
all actual losses, liabilities, damages, deficiencies, costs (including,
without limitation, court costs), and expenses (including, without limitation,
attorneys’ fees) incurred by the Company and arising out of or due to any
breach of any representation, warranty, covenant or

 

5

 

agreement of Executive contained in this Agreement.  The Company hereby agrees to indemnify and
defend Executive and to hold Executive harmless from and against any and all
actual losses, liabilities, damages, deficiencies, costs (including, without
limitation, court costs), and expenses (including, without limitation,
attorneys’ fees) incurred by Executive and arising out of or due to any breach
of any representation, warranty, covenant or agreement of Company contained in
this Agreement.

 

7.                                       Miscellaneous

 

7.1                                 Binding
Effect.  This Agreement shall inure
to the benefit of and shall be binding upon Executive and his personal
representatives, heirs, beneficiaries and assigns and the Company and its
successors and assigns.

 

7.2                                 Governing
Law.  This Agreement shall be deemed
to be made in, and in all respects shall be interpreted, construed and governed
by and in accordance with, the laws of the State of California.

 

7.3                                 Headings.  The section and paragraph headings
contained in this Agreement are for reference purposes only and shall not
affect in any way the meaning or interpretation of this Agreement.

 

7.4                                 Counterparts.  This Agreement may be executed in two or
more counterparts, each of which shall be deemed to be an original but all of
which together shall constitute one and the same instrument.

 

7.5                                 Entire
Agreement.  This Agreement is
intended by the parties hereto to be the final expression of their agreement
with respect to the subject matter hereof and is the complete and exclusive
statement of the terms thereof notwithstanding any representation, statement or
agreement to the contrary heretofore made. 
This Agreement may be modified only in writing, signed or initialed by
each of the parties hereto.

 

7.6                                 Gender.  Whenever the context so requires, the gender
of any pronoun shall be deemed to include the other genders.

 

7.7                                 CERTIFICATION
OF EXECUTIVE.  EXECUTIVE CERTIFIES
THAT SHE (1) HAS RECEIVED A COPY OF THIS AGREEMENT FOR REVIEW AND STUDY BEFORE
BEING ASKED TO EXECUTE IT; (2) HAS READ THIS AGREEMENT CAREFULLY; (3) HAS HAD
SUFFICIENT OPPORTUNITY BEFORE THE AGREEMENT WAS EXECUTED TO ASK QUESTIONS ABOUT
THE PROVISIONS OF THE AGREEMENT AND RECEIVED SATISFACTORY ANSWERS; (4) HAS HAD
SUFFICIENT OPPORTUNITY BEFORE THE AGREEMENT WAS EXECUTED TO SEEK INDEPENDENT
COUNSEL; (5) HAS RECEIVED A COPY OF THE AGREEMENT; AND
(6) UNDERSTANDS HER RIGHTS AND OBLIGATIONS UNDER THE AGREEMENT.

 

6

 

IN WITNESS WHEREOF, Executive and Company have executed this Agreement
as of the date stated above.

 

	
  “Company”

  	
  “Executive”

  
	
   

  	
   

  
	
  AML Communications,

  a Delaware corporation

  	
  By:

  	
  /s/ Dr. Marina Bujatti

  
	
   

  	
   

  	
  Dr. Marina Bujatti

  
	
   

  	
   

  
	
  By:

  	
  /s/ Jacob Inbar

  	
   

  	
   

  
	
   

  	
  Jacob Inbar

  	
   

  
	
   

  	
  President and Chief Executive Officer

  	
   

  
					

 

7

 

EXHIBIT A

 

STOCK INCENTIVE PLAN

 

8

 

EXHIBIT B

CUSTOMER LIST

 

9

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