Document:

ex10_u2.htm

    
      

    

    Exhibit
10-U-2

    

    

    World
Headquarters, Room 538

    One
American Road

    Dearborn,
MI  48126-2798

    

    March 6,
2008

    
      	
              To:

            	
              Name

            

    

    

    
      	
              Subject:

            	
              Enhanced
      Grant Opportunity – 2007 Performance-Based RSU Final
  Award

            

    

    

    

    On
February 27, 2007, the Compensation Committee of the Board of Directors approved
a new incentive opportunity to be delivered as an enhanced stock-based award
within the framework of the new Long-Term Incentive program.  You were
selected to participate in this program because of your role in leading efforts
toward achieving the Company's critical priorities.

    

    The
Enhanced Grant Opportunity was delivered in 50% stock options (vesting ratably
over three years) and 50% performance-based Restricted Stock Units (RSUs)
(granted in three equal installments beginning on March 5, 2007 and then in
March 2008, and March 2009 based on the FMV on March 5, 2007).

    

    Enhanced Grant Opportunity –
2007 Performance-Based Restricted Stock Unit Final Award

    Your 2007
performance-based RSU enhanced grant was a maximum opportunity having a one-year
performance period ending on December 31, 2007.  The performance
metrics for the 2007 grant were:

    

    
      	
              Total
      Company Profitability

            	
              (40%)

            

    

    
      	
              CBG
      Profitability

            	
              (15%)

            

    

    
      	
              Total
      Automotive Operating Cash Flow

            	
              (20%)

            

    

    
      	
              CGB
      Cost Performance

            	
              (8.33%)

            

    

    
      	
              CBG
      Market Share

            	
              (8.33%)

            

    

    
      	
              CBG
      Quality

            	
              (8.33%)

            

    

    

    Based on
performance against these metrics, the Compensation Committee has approved the
following:

     

    
      
        	
                2007
      PB-RSU Enhanced Grant Opportunity:

              	
                [     ]

              

      

      
        	
                2007
      PB-RSU Enhanced Grant Payout:

              	
                [     ]

              

      

      
        	
                2007
      RSU Final Award:

              	
                [     ]    XXX
      of the original grant

              

      

    

     

    The final
RSU award will be restricted for three years.  As soon as practicable
after the restriction lapses, you will be issued shares of Ford Motor Company
Common Stock, less shares withheld to cover any tax liability on the value of
the grant.

    

    All
stock-based awards are subject to the terms of the 1998 Long-Term Incentive
Plan.  Additional information regarding all of your stock-based awards
is available on HR ONLINE.  If you have further questions regarding
your awards, please contact _________ at _________.

    

    Your
continued leadership is greatly appreciated and is essential to the success of
achieving critical Company priorities.ex10_v1.htm

    
      

    

    Exhibit
10-V-1

    

    

    

    

    

    
      	 
      	 
      	
              World
      Headquarters, Room 538

            
	 
      	 
      	
              One
      American Road

            
	 
      	 
      	
              Dearborn,
      MI 48126-2798

            
	 
      	 
      	 
      
	 
      	 
      	
              March
      ___, 2007

            

    

    

    Dear
_______________ ,

    

    In March
2006, to reward performance in support of the Company's objectives, the
Compensation Committee of the Board of Directors approved a special retention
incentive program.

    

    For the
stock-based portion of the award, the Compensation Committee awarded you the
opportunity to earn the Restricted Stock Equivalents (RSEs) on a performance
basis and designated the following as the 2006 performance objectives for this
award:

    
      	
               
      

            	
              §

            	
              CBG
      PBT

            

    

    
      	
               
      

            	
              §

            	
              CBG
      Quality (TGW @ 3 MIS and Warranty).

            

    

    

    The
Compensation Committee has reviewed the 2006 performance-to-objectives and
determined the 2006 award will payout at ___% of the
grant.  Therefore, you are being awarded [    ]
RSEs.

    

    Your RSE
award will be subject to a two-year restriction period, ending March ____,
2009.  If reinstated by the Board of Directors, dividend equivalents
will be credited in the form of additional RSEs during the restriction
period.  As soon as practicable after the restriction lapses, shares
of Ford Motor Company Common Stock will be issued to you, less any shares
withheld to cover applicable taxes on the value of the grant.

    

    Your RSE
award is made under the 1998 Long-Term Incentive Plan and is subject to its
terms and conditions.

    

    Regarding
the cash portion of the incentive award, the second installment will be paid the
end of March 2007.

    

    If you
have any questions regarding your RSE award, please contact
[         ] at
[     ] or
[         ] at
[     ].

    

    

    
      	 
      	
              Regards,

            
	 
      	 
      
	 
      	 
      
	 
      	
              [     ],
      Director

            
	 
      	
              Compensation
      Programs and Executive Personnelex10_w.htm

    
      

    

    Exhibit
10-W

    

    Arrangement
between Ford Motor Company

    and
William Clay Ford, Jr., dated February 27, 2008

    

    On May
11, 2005, the Compensation Committee of Ford’s Board of Directors and William
Clay Ford, Jr., our Executive Chairman and Chairman of the Board of Directors,
agreed to amend Mr. Ford’s compensation arrangements such that Mr. Ford would
forego any new compensation (including salary, bonus, or other awards) until
such time as the Committee and Mr. Ford determine that the Company’s Automotive
sector has achieved sustainable profitability.

    

    On
February 27, 2008, the Committee determined that this agreement relating to Mr.
Ford's compensation should be modified beginning in 2008.  Although
the Company’s Automotive sector has not yet achieved profitability, it has made
substantial progress toward that goal in the time since the 2005
agreement.  During this time, Mr. Ford provided leadership and
direction to the Company, first as CEO during the early phases of our turnaround
plan.  He recruited Alan Mulally to join the Company as CEO to
continue to lead our turnaround efforts, and thanks to the leadership of
Mr. Ford and Mr. Mulally, those efforts are showing substantial effect
even in the face of significant economic headwinds.  For instance, the
Company achieved positive total automotive operating cash flow in 2007, earned
an operating profit of $126 million (excluding special items), and we are
on track to achieve our goal of returning to Automotive profitability in
2009.

    

    In
addition, the Committee determined that since Mr. Mulally’s arrival, Mr. Ford
has continued to provide valuable service to the Company in his role as
Executive Chairman and Chairman of the Board of Directors, and to provide
leadership on enterprise-wide issues of profitability, sustainability, and
stakeholder relationships.  In the Committee’s judgment, it is not
reasonable to expect Mr. Ford to continue these valuable efforts on an
uncompensated basis, particularly after he has received no compensation for
nearly three years.  In these circumstances, the Committee determined
that it would be both fair and in the best interests of the Company to amend Mr.
Ford’s compensation arrangement in 2008.

    

    At Mr.
Ford's request, however, it was agreed that Mr. Ford would continue to
forego new compensation (including salary, bonus or other awards) until
such time as the Committee determines that the Company's global Automotive
sector has achieved full-year profitability, excluding special
items.  It was further agreed that the compensation Mr. Ford would
have received begining in 2008 and future years but for the agreement to
forego new compensation will be earned and paid when the Committee
determines that the Company's global Automotive sector has achieved full-year
profitability, excluding special items.ex4_1.htm

    Exhibit 4.1

    
      

      

    

     

    

    

    

    
      ADVANCE
DISPLAY TECHNOLOGIES, INC.

      

      

      

      

      

      _________________________________

      

      Series
G Preferred Stock

      SUBSCRIPTION
AGREEMENT

      _________________________________

       

       

       

       

       

       

       

      
        

        

      

    

    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

    ADVANCE DISPLAY TECHNOLOGIES,
INC.

    

    Series
G Preferred Stock

    SUBSCRIPTION
AGREEMENT

    

    

    THIS SUBSCRIPTION AGREEMENT (this
“Agreement”) is executed and delivered, as of the date set forth on the
signature page hereof (the “Subscription Date”), by and between Advance Display
Technologies, Inc., a Colorado corporation (“Company”), and the undersigned
subscriber (“Subscriber”).

    

    1.          
  Subscription.  Subject
to the terms and conditions set forth in this Agreement, Subscriber hereby
agrees to subscribe for the number of shares of Series G Preferred Stock of
Company (the “Shares”) at the times and in the manner set forth in the
Subscription Schedule on the signature page of this Agreement (the “Total
Subscription”).

     

    2.          
  Price.  The
purchase price for the Shares set forth on the signature page of this Agreement
(the “Purchase Price”) has been derived from the fair market value of the shares
of Company’s common stock into which the Shares are convertible.  For
this purpose, the fair market value was calculated by reference to the $0.10
closing price of Company’s Common Stock on the last four trading days prior to
the Subscription Date, namely, February 20, 21, 22 and 25, 2008.

     

    3.         
   Acceptance.  Company,
in consideration of and in reliance on Subscriber’s representations, warranties,
covenants in this Agreement, and Subscriber’s agreement to pay the Total
Subscription Price set forth in the Subscription Schedule, hereby accepts the
subscription of Subscriber and agrees to issue the Shares to Subscriber, subject
to the terms and conditions of this Agreement.

     

    4.         
   Issuance of
shares.  Company shall issue the Shares to Subscriber within
ten (10) days of its receipt of payment in full for all of the Shares, provided,
however, that Company shall have no obligation to issue any Shares to Subscriber
unless and until Subscriber has made to Company, and Company has accepted, full
payment of Subscriber’s Total Subscription.

     

    5.         
   Cancellation of Subscription
by Company.  At any time prior to Company’s receipt and
acceptance of full payment for the Total Subscription, Company may elect to
terminate its obligations to deliver any of the Shares to Subscriber under this
Agreement by returning to the Subscriber all prior payments made by the
Subscriber toward the Total Subscription, together with interest at the prime
rate as published by the Wall Street Journal from the date of Company’s receipt
of such payments.  In such an event, Company will be relieved of any
obligation to deliver the Shares and Subscriber shall have no further right or
obligation to purchase the Shares.

    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

    6.          
  Partial
Cancellation of Subscription by Company.  At any time prior to
Company’s receipt and acceptance of full payment for the Total Subscription,
Company may, in its sole discretion, elect to cancel any part of the Total
Subscription, irrespective of whether Subscriber has previously paid some or all
of the Total Subscription to Company by delivering to Subscriber a written
notice of partial cancellation of the amount of the Subscription cancelled (the
“Cancelled Subscription”) and returning to the Subscriber all prior payments, if
any, made by the Subscriber toward the Cancelled Subscription, together with
interest at the prime rate as published by the Wall Street Journal from the date
of Company’s receipt of such payments.  In such an event, Company
shall be obligated to sell, and Subscriber shall be obligated to buy, the Shares
attributable to the portion of the Total Subscription that was not cancelled
(the “Accepted Shares”).  No later than ten (10) days after Company’s
receipt of payment from Subscriber for the Accepted Shares, the Company will
issue the Accepted Shares to Subscriber.  Upon such payment and
delivery, the Company will be relieved of any obligation to deliver additional
Shares to Subscriber and Subscriber will have no further right or obligation to
purchase additional Shares under this Agreement.

     

    7.          
  Underlying
Common Stock.  Even though the Shares, like other shares of
Series G Preferred Stock are by their terms convertible into Common Stock at a
rate of 1000 shares of Common Stock for every share of Series G Preferred Stock,
Subscriber acknowledges that the Shares are not presently so convertible because
all authorized but unissued shares of Common Stock are already reserved for
issuances other than the Shares.  Subscriber further understands that
Company has agreed to submit to Company’s shareholders a resolution to increase
the number of authorized shares of Common Stock from 175,000,000 to 250,000,000
and to reserve a portion of the newly authorized shares of Common Stock for the
conversion of the Shares into Common Stock.  Subscriber agrees that
the Shares shall not be convertible into Common Stock until such time that there
are sufficient shares of Common Stock available for issuance.  Company
agrees to make its best efforts to cause such shares of Common Stock to be
authorized by the shareholders and available for issuance upon conversion of the
Shares.

     

    8.        
    Voting of the
Shares.  Subscriber shall have no right to vote the Shares
prior to payment and acceptance of the Total Subscription or the Accepted
Subscription, as the case may be.

     

    9.          
  Restrictions on
Transfer.

     

    9.1           The
certificates representing the Shares will bear a legend in substantially the
following form:

    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

     

    
      	 
      	
              THESE
      SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED, OR ANY STATE SECURITIES LAWS.  THEY MAY NOT BE SOLD,
      OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION
      STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN
      OPINION OF COUNSEL SATISFACTORY TO COMPANY THAT SUCH REGISTRATION IS NOT
      REQUIRED.

            	 
      

    

    

    9.2           No
holder of the Shares may sell, transfer or dispose of any Shares (except
pursuant to an effective registration statement under the Securities Act)
without first delivering to Company an opinion of counsel (reasonably acceptable
in form and substance to Company) that neither registration nor qualification
under the Securities Act and applicable state securities laws is required in
connection with such transfer.

     

    10.           Subscriber’s
Representations, Warranties, Covenants and
Agreements.  Subscriber hereby represents and warrants to, and
covenants and agrees with, Company as follows:

     

    10.1           Subscriber
has been given adequate access to all information about Company and Subscriber’s
investment in Company that was material to Subscriber’s decision to invest
therein.  Subscriber has reviewed the Certificate of Incorporation and
bylaws of Company as well as its recent filing with the U.S. Securities and
Exchange Commission.  Subscriber acknowledges that Subscriber is fully
informed and knowledgeable about Company, its business (the “Business”),
management and personnel; that Subscriber has had discussions with Company
concerning the Business and has obtained information from Company; and that
Company has answered all questions that the undersigned had concerning the
Business.  Subscriber has been furnished materials relating to
Company, the Business and the financial condition of Company and the offering of
the Shares that Subscriber has requested and has been afforded the opportunity
to ask questions and receive answers concerning an investment in
Company.  Subscriber acknowledges that Subscriber has had the
opportunity to request such additional information from the President of
Company.

     

    10.2           Subscriber
acknowledges that an investment in Company involves a substantial degree of risk
and is suitable only for persons with adequate means who have no need for
liquidity in their investments.

     

    10.3           Subscriber
acknowledges that no market for the Shares exists nor is any such market
expected to develop and that, therefore, Subscriber’s investment in Company will
not be liquid.

     

    10.4           Subscriber
has knowledge and experience in financial and business matters and is capable of
evaluating the merits and risks of an investment in Company and the suitability
of the investment for Subscriber.

    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

    10.5           Subscriber
is making this capital contribution for investment purposes only and has no
present intention to sell or exchange the Shares; Subscriber has adequate means
for providing for Subscriber’s current needs in any foreseeable contingency; and
Subscriber has no need to sell the Shares in the foreseeable
future.

     

    10.6           Subscriber,
if a corporation, partnership, trust or other entity, is duly organized, and is
authorized and otherwise duly qualified to purchase and hold the Shares, and
such entity has its principal place of business at the address set forth on the
signature page hereof.

     

    10.7           Subscriber
has the legal capacity to execute, deliver and perform this Agreement, and has
Subscriber’s residence at the address set forth on the signature page
hereof.

     

    10.8           Subscriber
is an “accredited investor” as that term is defined in Rule 501 of Regulation D
promulgated under the Securities Act of 1933, as amended.

     

    10.9           All
information that Subscriber has provided to Company concerning Subscriber,
Subscriber’s financial position and knowledge of financial and business matters,
or, in the case of a corporation, partnership, trust or other entity, the
knowledge of financial and business matters of the person making the investment
decision on behalf of such entity, including all information contained herein,
is true and complete as of the date set forth at the end hereof, and if there
should be any adverse change in such information prior to this subscription
being accepted, Subscriber will immediately provide Company with accurate and
complete information concerning any such change.

     

    10.10         Subscriber
acknowledges that no federal or state agency has made any finding or
determination as to the fairness of this investment, nor any recommendation or
endorsement, of the investment in the Shares.

     

    10.11         Subscriber
acknowledges that the Shares have not been registered under the Securities Act
of 1933, as amended (the “Act”), or the blue sky laws of any state.

     

    10.12         Subscriber
understands that Company has relied upon an exemption from registration provided
in the Act and upon all of the foregoing representations and warranties of
Subscriber.

     

    10.13         Subscriber
certifies, under penalties of perjury, (i) that the social security or Federal
taxpayer identification number shown on the signature page of this Agreement is
true and complete and (ii) that Subscriber is not subject to backup withholding
either because Subscriber has not been notified that he or she is subject to
backup withholding as a result of a failure to report all interest or dividends,
or the Internal Revenue Service has notified Subscriber that he or she is no
longer subject to backup withholding.

    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

    11.           Confidential
Information.  Subscriber acknowledges that the information,
observations and data obtained by him or her during the course of Subscriber’s
ownership of any interest in Company concerning the business and affairs of
Company are the property of Company, including information concerning
acquisition opportunities in or reasonably related to the Business of which
Subscriber becomes aware during such period.  Therefore, Subscriber
agrees that he or she will not disclose to any unauthorized person or use for
Subscriber’s own account any of such information, observations or data without
the written consent of the President of Company unless and to the extent that
the aforementioned matters become generally known to and available for use by
the public other than as a result of Subscriber’s acts or
omissions.  Subscriber agrees to deliver to Company on the date of
disposition of the Shares, or at any other time Company may request in writing,
all memoranda, notes, plans, records, reports and other documents (and copies
thereof) relating to the Business (including, without limitation, all
acquisition prospects, lists and contact information) which he or she may then
possess or have under Subscriber’s control.

     

    12.           Indemnification.  Subscriber
agrees to indemnify and hold harmless Company, its directors, officers,
employees, stockholders and affiliates, and any person acting on behalf of
Company, from and against any and all damage, loss, liability, cost and expense
(including attorneys’ fees) which any of them may incur by reason of the failure
by Subscriber to fulfill any of the terms or conditions of this Agreement, or by
reason of any breach of the representations and warranties made by Subscriber
herein, or in any other document provided by Subscriber to
Company.  All representations, warranties and covenants contained in
this Agreement, and the indemnification contained in this paragraph, shall
survive the acceptance of this subscription.

     

    13.           Headings.  The
headings throughout this Agreement are for convenience of reference only, and
shall in no way be deemed to define, limit, or add to the meaning of any of the
provisions of this Agreement.

     

    14.           Counterparts.  This
Agreement may be executed in counterparts, both of which when taken together
shall be deemed one original.

     

    15.           No
Waiver.  Notwithstanding any of the representations,
warranties, acknowledg­ments or agreements made herein by Subscriber,
Subscriber does not thereby or in any other manner waive any of the rights
granted to him or her under federal or state securities laws.

     

    16.           Entire Agreement;
Modification.  This Agreement constitutes the entire agreement
among the parties hereto with respect to the subject matter hereof, and neither
this Agreement nor any of the provisions hereof shall be waived, changed,
discharged or terminated except by an instrument in writing signed by the party
against whom any waiver, change, discharge or termination is
sought.

     

    17.           Notice.  Notices
required or permitted to be given under this Agreement shall be in writing and
shall be deemed to be sufficiently given when sent by registered or certified
mail, postage prepaid, addressed to the other party at the address of such party
set forth on the signature page to this agreement, or to such other address
furnished by notice given in accordance with this paragraph.

    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

    18.           Successors; Binding
Effect.  Except as otherwise provided herein, this Agreement
shall be irrevocable and binding upon and inure to the benefit of the parties
hereto and their respective heirs, executors, administrators, successors, legal
representatives and assigns.  If Subscriber is more than one person,
the obligations of Subscriber shall be joint and several and the agreements,
representations, warranties and acknowledgments herein contained shall be deemed
to be made by and be binding upon each such person and the person’s respective
heirs, executors, administrators, successors, legal representatives and
assigns.

     

    19.           Assignability.  Subscriber
agrees not to transfer or assign this Agreement, or any of Subscriber’s interest
herein, without the written consent of Company, which consent may be withheld in
its sole discretion, and any such transfer or assignment in violation of this
Agreement shall be null and void ab initio.  Further,
Subscriber agrees that the transfer or assignment of the Shares shall be made
only in accordance with this Agreement, Company’s Certificate of Incorporation
and applicable laws.

     

    20.           Applicable
Law.  This Agreement and all rights and remedies hereunder
shall be governed by and construed in accordance with the laws of the State of
Colorado, without regard to the conflicts of laws thereof.

     

    

    Subscription
Schedule

     

     

    
      	
              Number of Shares subscribed
    for

            	 	
              Price per Share

            	 	 	
              Total Subscription 

              Price

            	 	 	
              Date(s) paid/due

            
	
              27,273

            	 	$	110.00	 	 	$	3,000,030	 	 	
              2-21-08
      ($500,0000) 

            
	 	 	 	 	 	 	 	 	 	 	2-27-08  ($2,500,000)
	
              9,091

            	 	$	110.00	 	 	$	1,000,010	 	 	
              Within
      ten (10) days of Company’s request made no later than
    2-24-09

            

    

    

    

    

    

    [remainder
of page intentionally left blank]

    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

    IN
WITNESS WHEREOF, the undersigned Subscriber does represent and certify under
penalty of perjury that the foregoing statements are true and correct and that
Subscriber has, by the following signature, executed this Agreement as of
February 25, 2008.

    

    

    SUBSCRIBER:

    

    Lawrence F. DeGeorge

    
      	 
      	 
      	
              Address
      for Notices:

            
	
              /S/ Lawrence F. DeGeorge

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              Taxpayer
      Identification or Social Security Number of Subscriber:

            	 
      	
              Telephone:

            
	 
      	 
      	 
      

    

    

    

    

    Subscription
Date:

    February
25, 2008.

    

    Agreed to
and accepted by Company as of February 25, 2008.

    

    

    ADVANCE
DISPLAY TECHNOLOGIES, INC.

    7334
South Alton Way, Suite F

    Centennial,
CO  80112

    (303)
267-0111

    

    
      	
              By:

            	
               /s/ Matthew W. Shankle

            	 
      
	 
      	
                
      Matthew W. Shankle, President

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