Document:

ex103.htm

                                                                                            EXHIBIT
      10.3

     

                                                                      
                                                                            Executive
      Copy

     

    CONSENT,
      ASSIGNMENT AND ASSUMPTION AGREEMENT

     

    THIS
      CONSENT, ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Assignment
      Agreement”), is entered into as of [l], 2008,
      by and among FA
      TECHNOLOGY VENTURES CORPORATION, a Delaware corporation (the “Assignor”);
      FA TECHNOLOGY HOLDING LLC, a Delaware limited liability company (the
“Assignee”); and FATV GP LLC, a Delaware limited liability company (the
“Consenting Party”).  Assignor, Assignee and the Consenting
      Party are referred to collectively herein as the “Parties.”

     

    WITNESSETH

     

    WHEREAS,
      the Assignor and the Consenting Party are parties to that certain Investment
      Advisory Agreement dated as of October 20, 2000, as well as any amendments
      thereto (the “Investment Advisory Agreement”), by which the Consenting
      Party appointed the Assignor as manager and investment advisor to FA Technology
      Ventures, L.P. (“Fund II”);

     

    WHEREAS,
      Assignor and Assignee are parties to that certain Transition Agreement dated
      as
      of April ___, 2008 (the “Transition Agreement”) providing, among other
      things, for the restructuring of the investment management arrangements relating
      to Fund II and the formation of a new venture capital fund to be sponsored
      by
      Assignee;

     

    WHEREAS,
      pursuant to the Transition Agreement, the Parties mutually desire that (i)
      the
      Assignor assign to the Assignee all of its rights and delegate all of its duties
      and obligations under the Investment Advisory Agreement; (ii) the Consenting
      Party consent to the assignment and delegation contemplated hereby of the
      Assignor’s rights, duties and obligations under the Investment Advisory
      Agreement and (iii) the Assignee agree to be bound by, and assume all of the
      duties and obligations of the Assignor under the Investment Advisory Agreement;
      and

     

    NOW,
      THEREFORE, in consideration of the mutual covenants contained herein and other
      valuable consideration, the receipt and adequacy of which are expressly
      acknowledged, the Parties agree as follows:

     

    1.  Assignment
      of Rights and Delegation of Duties to Assignee.  Effective as of
      the date hereof, the Assignor does hereby assign all of its rights and interests
      under the Investment Advisory Agreement to the Assignee, and hereby delegates
      to
      the Assignee all of its duties arising thereunder.  The Assignee
      hereby accepts such assignment and delegation.

     

    2.  Assumption
      of Obligations and Liabilities.  The Assignee does hereby assume
      each of the obligations of the Assignor to be performed on or after the date
      hereof under the Investment Advisory Agreement and all liabilities of the
      Assignor thereunder which arise from action or inaction which takes place on
      or
      after the date hereof.

     

    3.  Consent
      to Assignment, Assumption and Delegation.  The Consenting Party
      hereby (a) consents to the assignment, assumption and delegation effected hereby
      and (b) effective as of the date hereof, agrees to recognize and treat the
      Assignee as if the Assignee were an original contract party to the Investment
      Advisory Agreement in the place of the Assignor.

     

    4.  Release.  The
      Consenting Party hereby releases the Assignor from any claim with respect to
      any
      obligations or liabilities of the Assignor arising under the Investment Advisory
      Agreement on or after the date hereof.  The Parties hereby acknowledge
      that all rights of Assignor to indemnification under the Investment Advisory
      Agreement with respect to actions or events occurring prior to the date hereof
      shall survive the execution and delivery of this Assignment
      Agreement.

     

    5.  Indemnification.  Assignee
      hereby agrees to defend, indemnify and hold harmless the Assignor, its
      affiliates and their respective officers, directors, employees and agents
      (“Indemnified Persons”) from and against any and all claims, losses,
      costs, damages, liabilities, obligations, impositions, inspections, assessments,
      fines, deficiencies and expenses (“Losses”) relating to any matter
      arising under or in respect of the Investment Advisory Agreement which arise
      from any action or inaction which take place on or after
      the date hereof (“Indemnified Matters”), including, without limitation,
      any Losses incurred by any Indemnified Person in the event that such Indemnified
      Person becomes a party to or witness or other participant in, or is threatened
      to be made a party to or witness or other participant in, any threatened,
      pending or completed action, suit, proceeding or alternative dispute resolution
      mechanism, or any hearing, inquiry or investigation that Assignor in good faith
      believes might lead to the institution of any such action, suit, proceeding
      or
      alternative dispute resolution mechanism, whether civil, criminal,
      administrative, investigative or other proceeding relating to any Indemnified
      Matter.  For the avoidance of doubt, for the purpose of this Section
      5, no officer, director, partner or manager of Assignee or any affiliate shall
      be deemed to be an Indemnified Person by reason of the fact that such individual
      was an officer, director, employee or agent of the Assignor or any affiliate
      prior to the date hereof.

     

    6.  Miscellaneous.

     

    (a)  No
      Third-Party Beneficiaries.  This Assignment Agreement shall not
      confer any rights or remedies upon any Person other than the Parties and their
      respective successors and permitted assigns.

     

    (b)  Entire
      Agreement, Binding Effect.  This Assignment Agreement (including
      the Investment Advisory Agreement and the documents referred to herein and
      therein) constitutes the entire agreement between the Parties with respect
      to
      the subject matter hereof and supersedes any prior understandings, agreements,
      or representations by or between the Parties, written or oral, to the extent
      they related thereto.  This Assignment Agreement shall be binding
      upon, inure for the benefit of and be enforceable by the Parties and their
      respective successors and assigns.

     

    (c)  Counterparts.  This
      Assignment Agreement may be executed in one or more counterparts (including
      by
      facsimile or similar electronic transmission device pursuant to which the
      signature of or on behalf of such Party can be seen), each of which shall be
      deemed an original but all of which together will constitute one and the same
      instrument.

     

    (d)  Headings.  The
      section or paragraph headings contained in this Assignment Agreement are
      inserted for convenience only and shall not affect in any way the meaning or
      interpretation of this Assignment Agreement.

     

    (e)  Governing
      Law.  This Assignment Agreement shall be governed by and construed
      in accordance with the laws of the State of New York, without giving effect
      to
      any conflict or choice of law provision that would result in the imposition
      of
      another state’s law.

     

    [Signature
      Page Follows]

     

    
       

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Assignment Agreement as of
      [l],
      2008.

     

    

    
      	
              Assignor:

               

              FA
                TECHNOLOGY VENTURES CORPORATION

               

              By: __________________________

              Name:  

              Title:  

               

              Consenting
                Party:

               

              FATV
                GP LLC

               

              By: __________________________
                

                    Name:

                    Title:

            	
              Assignee:

               

              FA
                TECHNOLOGY HOLDING LLC

               

              By: 
                _______________________

              Name:  

              Title:   
                

            

    

     

     

     

     

     

     

     

     

     

     

     

     

     

                                                                                  Signature
      Page to Assignment AgreementUnassociated Document

    Exhibit
10.1(b)

    FIRST
AMENDMENT TO THE

    CENTURYTEL
UNION 401(K) PLAN

    AS
AMENDED AND RESTATED

    EFFECTIVE
DECEMBER 31, 2006

    

    CENTURYTEL, INC., represented
herein by its Executive Vice-President and Chief Financial Officer, R. Stewart
Ewing, Jr., as Plan Sponsor and Employer, does hereby execute the following
amendments to the CenturyTel Union 401(k) Plan and Trust, each amendment
effective as of May 6, 2007:

    

    
      	
               
      

            	
              1.

            	
              The
      following sentence is hereby added as the last sentence of the second
      paragraph of Section 1.14(a):

            

    

    

    
      	
               
      

            	
              These
      exclusions will not apply to Group C
  Participants.

            

    

    

    
      	
               
      

            	
              2.

            	
              Section
      1.20 is hereby amended to read as
follows:

            

    

    

    1.20       Employer.
The entity that establishes or maintains the Plan and any successor to such
entity, as reflected in the lists of Employers entering into collective
bargaining agreements with Employees listed in Appendices A, B and C. Such lists
of Employers shall change when an Employer enters into a collective bargaining
agreement and attaches a revised Appendix A, B or C hereto, without the
necessity of amending the Plan.

    

    
      	
               
      

            	
              3.

            	
              Article
      I is hereby amended to insert Section 1.27, as
  follows:

            

    

    

    1.27       Group C
Participant. A Group C Participant is one who participates in the Plan
pursuant to a collective bargaining agreement, as set forth on Appendix C to the
Plan.

    

    
      	
               
      

            	
              4.

            	
              Sections
      1.27 through 1.51 are hereby re-numbered as Sections 1.28 through
      1.52.

            

    

    

    
      	
               
      

            	
              5.

            	
              The
      following is hereby added at the end of Section
  1.52:

            

    

    

    A Year of
Service shall also be credited under this Plan to each Participant who was a
participant in the Madison River Communications Corp. Profit Sharing &
401(k) Plan who was employed by the Employer as of May 6, 2007, for each year of
service credited, as of April 30, 2006, under the Madison River Communications
Corp. Profit Sharing & 401(k) Plan.

     

    
      	
               
      

            	
              6.

            	
              Section
      2.1 is hereby amended to read as
follows:

            

    

    

    2.1       Active
Participation. Each Employee who is included in a unit of Employees
covered by a collective bargaining agreement between Employee representatives
and the Employer which provides for participation in this Plan by such
Employees, as reflected in Appendices A, B and C, shall be eligible to
participate in this Plan upon his date of employment or
reemployment.

    

    
      	
               
      

            	
              7

            	
              The
      following sentence is hereby inserted as the second sentence of Section
      3.1(a):

            

    

    

    For Group
C Participants, ninety-two percent (92%) shall be substituted for twenty-five
percent (25%) in the preceding sentence.

    

    
      	
               
      

            	
              8.

            	
              The
      last sentence of section 3.2(a) is hereby deleted and the following two
      sentences are inserted at the end of Section
  3.2(a):

            

    

    

    For Group
A and Group B Participants, no contributions will be made to “true up” the
Participant’s Match Contribution after the end of the Plan Year. For Group C
Participants, contributions will be made to “true up” the Participant’s Match
Contribution after the end of the Plan Year.

    

    
      	
               
      

            	
              9.

            	
              Section
      3.2(b) is hereby amended to read as
follows:

            

    

    

    The
Employer Match Contribution to be made by the Employer for each period shall be
such percentage of a Participant’s Elective Deferrals, as is specified for such
Participant’s union local on Appendices A, B and C hereof, provided that
Employer Match Contributions shall be made based solely upon a Participant’s
Elective Deferrals that do not exceed six percent (6%) of the Participant’s
Compensation for such period. The percentage matching rate and percentage of
considered Compensation as stated in the preceding sentence shall continue in
effect until otherwise changed pursuant to the applicable union collective
bargaining agreement or by resolution of the Employer’s Board of Directors,
which change shall be effectuated by attaching a revised Appendix A, B or C
hereto, without the necessity of amending the Plan. Any Matching Contributions
made under this section 3.2 on behalf of a Participant during the Plan Year that
are attributable to Excess Deferrals, shall be deemed forfeited.

    

    For Group
C Participants, for purposes of Sections 3.2(a) and (b), Elective Deferrals
shall include Catch-up Contributions.

     

    
      	
               
      

            	
              10.

            	
              The
      following paragraph is hereby added as the third paragraph of Section
      3.2(c):

            

    

    

    Matching
Contributions for Group C Participants shall be vested in accordance with the
following schedule:

    

    

    
      	
              YEARS OF
      SERVICE

            	 
      	
              VESTED
      PERCENTAGE

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              0

            	 
      	
              0%

            
	
              1

            	 
      	
              20%

            
	
              2

            	 
      	
              40%

            
	
              3

            	 
      	
              60%

            
	
              4

            	 
      	
              80%

            
	
              5

            	 
      	
              100%

            

    

    

    
      
        	
                 
      

              	
                11.

              	
                Article
      III is hereby amended to insert Section 3.3A, as
  follows:

              

      

    

     

    3.3A       Group C
Non-Elective Contributions. The Employer shall make a non-elective
contribution to the Plan on behalf of each Group C Participant who completes
five hundred (500) Hours of Service in the Plan Year, in an amount specified for
such person’s local on Appendix C hereof. The amounts specified on Appendix C
shall continue in effect until otherwise changed pursuant to the applicable
collective bargaining agreement or by resolution of the Employer’s Board of
Directors, which change shall be effectuated by attaching a revised Appendix C
hereto, without the necessity of amending the Plan. Non-elective contributions
made pursuant to this Section 3.3A shall be allocated to such Participants’
Employer Match Accounts, and shall be vested in accordance with the Vesting
Schedules set forth in Section 3.2.

    

    THUS
DONE AND SIGNED this 29th day of May, 2007.

    

    
      	 
      	
              CENTURYTEL,
      INC.

            
	 	 
	 
      	
              BY:  /s/ R. Stewart Ewing,
Jr.

            
	 
      	
              R.
      Stewart Ewing, Jr.

            
	 
      	
              Executive
      Vice-President and

            
	 
      	
              Chief
      Financial Officer

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