Document:

Amended and Restated Office Sharing Agreement

 Exhibit 10.10 
 AMENDED AND RESTATED
 OFFICE SHARING AGREEMENT

	 DATE: 	 August 20, 2001 	
				
	 	 	 	 
	 PARTIES:  	 Spell Capital Partners, LLC 	 ("Spell Capital") 
			 222 South Ninth Street, Suite 2880 	
			 Minneapolis, MN 55402  	
				
			 	 
			 	 
			 PW Eagle, Inc. 	 ("PWEI") 
			 222 South Ninth Street, Suite 2880 	
			 Minneapolis, MN 55402 	
				
	 RECITALS: 
				
	 
	 
	 	 A.	 Spell Capital is a party to a lease dated June 28, 2000 (the "Lease") with 222 SOUTH NINTH STREET LIMITED PARTNERSHIP, a Minnesota limited partnership
("Landlord"), pursuant to which Landlord leased to Spell Capital Suite 2880 (the "Premises") in the building known as The Piper Jaffray Tower in Minneapolis, Minnesota. 
				
	 
	 
	 	 B. 	Spell Capital and PWEI are currently parties to an office sharing agreement (the "Office Sharing Agreement"). PWEI desires to continue using a portion of the
Premises, and Spell Capital desires to continue sharing a portion of the Premises with PWEI. 
				
	 
	 
	 	 C.  	The parties desire to amend and restate the terms of the Office Sharing Agreement as set forth herein. 
				
	 	 		
	 	 		
	 AGREEMENT: 
				
	 
	 
	 In consideration of the mutual covenants contained herein and other good and valuable consideration, the parties agree as follows: 
				
	 
	 
	 1. Term. The term of this Agreement shall continue through December 31, 2004 (the "Term"). 
				
	 
	 
	 2. Monthly Fee. PWEI shall pay Spell Capital a fee of $16,750 per month (the "Monthly Fee") for PWEI’s use of the Premises, secretarial and office
support and other incidental services provided by Spell Capital at the Premises. PWEI shall reimburse Spell Capital for any out of pocket expenses incurred by Spell Capital for long distance telephone calls, postage, copying and similar items
incurred on behalf of PWEI by Spell Capital. 
				
	 
	 
	 3. Annual Increases in Monthly Fee. On January 1 each year, the Monthly Fee shall be increased by $500.  
				
	 
	 
	 4. Cost of Leasehold Improvements. PWEI will pay for fifty percent (50%) of the cost of all leasehold improvements to the Premises during the Term. 
				
	 
	 
	 5. Damages. If PWEI terminates this Agreement during the Term for any reason, it shall pay Spell Capital the sum of $16,750 per month, or the Monthly Fee then in
effect, for twelve months following such termination. 
				
	 
	 
	 6. Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Minnesota. 
				
	 
	 
	 7. Amendment. This Agreement may be amended only upon mutual written agreement of the parties. 

 

	  1   
	
  	 
	 

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

			 SPELL CAPITAL PARTNERS, LLC 
			 
			
			 
			 
			 
			 
			 
			 By:   /s/ William
Spell                            
			     William Spell, President 
			 
			 
			
			 
			 
			 
			 
			 
			 PW EAGLE, INC. 
			 
			
			 
			
			
			
			
			
			 
			 
			 
			 By:   /s/ Larry
Fleming                            
			     Larry Fleming, President 

 

	  2<PAGE>

                                                                    EXHIBIT 10.1

                       PEOPLEPC EUROPE NV ("the Lender")
                     Registered Office, 1083 HJ Amsterdam,
                        the Netherlands, De Boelelaan 7

The Directors
PEOPLEPC INC
("the Borrower")
100 Pine Street, 11th Floor
San Francisco, CA 94111

November 9, 2001

Dear Sirs:

                                 Loan Facility

We refer to the payment of USD 2,000,000 ("the Loan")  made to you on November
9, 2001.  This agreement sets out the terms and conditions upon which we, as
Lender, have agreed to make the Loan to you and you, as Borrower, have agreed to
receive the Loan.

1         Drawing

          The Borrower confirms that it has drawndown and received the entire
          amount of the Loan on November 9, 2001, ("the Drawdown Date") .

2         Interest

          Interest shall accrue on the Loan during each Interest Period at the
          rate which is 1.1275% per annum above LIBOR in respect of such
          Interest Period.  Accrued interest shall be payable by the Borrower to
          the Lender on the date of repayment of the Loan.

          "Interest Period" means a period of one month.  The first Interest
          Period shall commence on the relevant Drawdown Date in respect of each
          payment and each subsequent Interest Period shall commence upon expiry
          of the previous Interest Period.

          "LIBOR", in respect of any Interest Period, means the offered rate for
          one month United States dollar deposits in the London Interbank Market
          at or around 11.00 a.m. on the first day of such Interest Period,
          derived from such source as the Lender may select.  If at any time
          LIBOR cannot be ascertained a substitute rate of interest as
          determined by the Lender shall apply.

          Interest shall accrue from day to day and be calculated on the basis
          of actual days elapsed and a 365 day year.

3         Repayment

          The Loan is repayable, together with interest accrued thereon, upon
          demand made by the Lender to the Borrower.
<PAGE>

4         Payments

          If any payment would otherwise be due on a day which is not a business
          day it shall instead be due on the next following business day. In
          this letter "business day" means a day (other than a Saturday or a
          Sunday) on which banks are open for business in London. All payments
          shall be made in full without set-off or counterclaim.

5         Default Interest

          If any payment is not made in full on the due date the unpaid amount
          shall bear interest (after as well as before any judgment) at the rate
          which is one per cent. per annum above the rate referred to in
          paragraph 2.

6         Non-Waiver

          The Lender may grant extra time to the Borrower or any other person
          for the payment of any monies due hereunder or may reach any other
          compromise with the Borrower or any other person without affecting the
          Borrower's liability hereunder.

7         Notices

          Any demand or notice to be given under this letter shall be in writing
          and sent by first class prepaid letter addressed as follows:-

          (a)  if to the Lender to its registered office stated above;

          (b)  if to the Borrower to its registered office stated above.

          Any such notice or demand shall be deemed to have been served on the
          party to whom it is addressed on the first business day after
          despatch.
<PAGE>

8         Law and Jurisdiction

          This letter shall be governed by, and construed in accordance with,
          the internal laws the State of California, without regard to
          principles of conflict of laws.

PEOPLEPC EUROPE N.V.

By:       PEOPLEPC INC., a Delaware corporation, its sole director

By:       /s/: Nicholas Grouf
          ---------------------------------
          Nicholas Grouf
          Chairman and CEO

Acceptance

We confirm our acceptance of and agreement to the terms of this letter.

PEOPLEPC INC.

By:       /s/: Charles Ortmeyer
          ---------------------------------
          Charles Ortmeyer
          Senior Vice President and General Counsel<PAGE>

                                                                    EXHIBIT 10.3

June 29, 2001

VIA HAND DELIVERY

Mary Humiston
PeoplePC, Inc.

Re:  Incentive Bonuses and Severance Benefits

Dear Mary:

In consideration of your continued employment, PeoplePC, Inc. ("PeoplePC" or the
"Company") is pleased to offer you the following agreement regarding monthly
incentive bonuses and severance benefits (the "Agreement").

     1.   Entitlement To Monthly Incentive Bonuses. During your continued
employment with the Company for the Term of this Agreement (defined below), you
will be eligible to receive monthly incentive bonuses for those calendar months,
if any, that you meet specified individual performance targets (the "Bonuses").
The amount of the Bonuses and your individual performance targets are stated on
Exhibit A to this Agreement. The Bonuses will be subject to standard payroll
deductions and withholdings, and will be paid on the first payday following the
end of the month for which the bonus payment was earned. The Company will
determine, in its sole discretion, whether the required targets have been met.

     2.   Entitlement To Severance Benefits. Subject to the terms and conditions
of this Agreement, and without regard to the occurrence (or non-occurrence) of a
change in control or other reorganization of the Company, the Company will
provide you with Severance Benefits (defined below) if, at any time during the
Term, the Company terminates your employment without Cause (defined below) or if
you resign your employment for Good Reason (defined below). You will not be
entitled to receive any Severance Benefits if the Company terminates your
employment for Cause or if you resign from your employment for a reason that
does not constitute Good Reason. As used herein, the "Company" includes any
successor in interest to PeoplePC.

     3.   Description of Severance Benefits. For purposes of this Agreement,
"Severance Benefits" are defined as severance pay equivalent to twelve (12)
months of your Base Salary (defined below) in effect as of your last day of
employment with PeoplePC (the "Termination Date"). The severance pay will be
paid in a single lump sum within seven (7) days after the effective date of the
release described below, and will be subject to standard payroll deductions and
withholdings.

To receive the Severance Benefits, you must first sign a general release of
claims in favor of the Company in the form attached hereto as Exhibit B.

                                       1.
<PAGE>

     4.  Definition of Cause for Termination.  For purposes of this Agreement,
"Cause" shall mean the Company's termination of your employment for any of the
following reasons:  (a) your indictment or conviction (including a no contest or
guilty plea) of any felony or crime involving dishonesty or moral turpitude; (b)
your participation in a fraud or act of dishonesty against the Company; (c) the
material breach of your duties to the Company, including insubordination,
misconduct, excessive absenteeism, or persistent unsatisfactory performance of
job duties; (d) your intentional damage to, or willful misappropriation of, any
property of the Company; (e) your material breach of any written agreement with
the Company; or (f) conduct that in the good faith and reasonable determination
of the Company's Board of Directors demonstrates your unfitness to serve.

     5.   Definition of Good Reason for Resignation.  For purposes of this
Agreement, "Good Reason" shall mean your resignation of employment because of a
significant reduction of your job duties and responsibilities, including but not
limited to a demotion, without your consent.

     6.   Definition of Base Salary. For purposes of this Agreement, "Base
Salary" means your base salary as of the Termination Date, excluding: the
Bonuses or any other type of bonus payments, commissions, incentive payments or
any other remuneration paid directly to you, or any other income received in
connection with stock options, contributions made by the Company under any
employee benefit plan, or similar items of compensation.

     7.   Term.  The term of this Agreement (the "Term") shall commence as of
June 15, 2001 and terminate on April 30, 2002. Bonuses will be determined based
on calendar month beginning July 1, 2001. Any Bonuses for June 2001 will be
based on a half-month.

     8.   At-Will Employment.  Nothing in this Agreement alters the at-will
nature of your employment relationship with the Company. Subject to the terms of
this Agreement, either you or the Company may terminate your employment
relationship at any time, with or without Cause or advance notice.

     9.   Dispute Resolution Process.  All disputes, claims and causes of
action, in law or equity, arising from or relating to this Agreement or its
enforcement, performance, breach or interpretation shall be resolved solely and
exclusively by final and binding arbitration before Judicial Arbitration &
Mediation Services, Inc. ("JAMS") in San Francisco, California, using a single
arbitrator, under the then-existing JAMS employment arbitration rules. However,
nothing in this section is intended to prevent either you or the Company from
obtaining injunctive relief in court to prevent irreparable harm pending the
conclusion of any such arbitration.

     10.  Miscellaneous.  This Agreement constitutes the complete, final and
exclusive embodiment of the entire agreement between you and the Company with
regard to the Bonuses and Severance Benefits. It is entered into without
reliance on any promise or representation, written or oral, other than those
expressly contained herein, and it supersedes any other such promises,
warranties or representations. Because of this individual Agreement, you will
not be eligible to receive severance benefits under the PeoplePC Severance
Benefit Plan or any other Company-wide severance plan or practice. This
Agreement may not be modified or amended except in writing signed by you and a
duly authorized officer of the Company. This Agreement

                                       2.
<PAGE>

will be deemed to have been entered into and will be construed and enforced in
accordance with the laws of the State of California as applied to contracts made
and to be performed entirely within California.

The Company appreciates your continuing contributions to PeoplePC.  Please sign
below to indicate your understanding and acceptance of this Agreement and return
the signed original to me at your earliest convenience.

Very truly yours,

PeoplePC, Inc.

By: /s/: Nick Grouf
    ----------------------

Title: Chairman & CEO
       -------------------

Understood and Agreed:

/s/: Mary Humiston                    July 19, 2001
--------------------------            -------------------------------
Nick Grouf                            Date

                                       3.
<PAGE>

                   [Exhibits A& B on File with the Company]

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