Document:

ex4-1.htm

    
      	 
      	
              Exhibit
      4.1

            
	 
      	 
      
	
              COMMON
      STOCK

            	
              COMMON
      STOCK

            

    

    

    
      	
              NUMBER

            	
              [LOGO]

            	
              SHARES

            
	 
      	
              PROXIM
      WIRELESS

            	 
      
	 
      	 
      	 
      
	
              INCORPORATED
      UNDER THE LAWS OF THE STATE OF DELAWARE

            	
              PROXIM
      WIRELESS CORPORATION

            	
              CUSIP
      744285 10 7

              See
      reverse for certain definitions

            

    

    

    

    THIS
CERTIFIES THAT

    

    

    

    

    

    

    is the
record holder of

    

    FULLY
PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK, $0.01 PAR VALUE PER SHARE,
OF

     

    PROXIM
WIRELESS CORPORATION

    

    transferable
on the books of the Corporation in person or by duly authorized attorney upon
surrender of the Certificate properly endorsed.  This certificate and
the shares represented hereby are subject to the laws of the State of Delaware,
and to the Certificate of Incorporation and By-laws of the Corporation, as now
or hereafter amended. This Certificate is not valid until countersigned by the
Transfer Agent and registered by the Registrar.

    

    WITNESS
the facsimile seal of the Corporation and the facsimile signatures of its duly
authorized officers.

    

    
      	
              DATED:

            	 
      	 
      
	 
      	
              PROXIM
      WIRELESS CORPORATION

            	 
      
	
              /s/
      David L. Renauld

            	
              CORPORATE
      SEAL

            	
              /s/
      Pankaj S. Manglik

            
	
              Secretary

            	
              2003

            	
              President

            
	 
      	
              DELAWARE

            	 
      

    

    

    

    COUNTERSIGNED
AND REGISTERED:

    REGISTRAR
AND TRANSFER COMPANY

    BY                                           TRANSFER
AGENT

                                                   AND
REGISTRAR

    

    AUTHORIZED
SIGNATURE

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    PROXIM
WIRELESS CORPORATION

    

    THIS
CORPORATION IS AUTHORIZED TO ISSUE COMMON STOCK AND PREFERRED STOCK WHICH MAY
HAVE DIFFERENT PREFERENCES, VOTING POWERS, AND OTHER RIGHTS AND ATTRIBUTES, ALL
AS SET FORTH IN THIS CORPORATION'S CERTIFICATE OF INCORPORATION AS IN EFFECT
FROM TIME TO TIME.  THIS CORPORATION WILL FURNISH WITHOUT CHARGE TO
EACH STOCKHOLDER WHO SO REQUESTS THE POWERS, DESIGNATIONS, PREFERENCES, AND
RELATIVE, PARTICIPATING, OPTIONAL, OR OTHER SPECIAL RIGHTS OF EACH CLASS OF
STOCK OR SERIES THEREOF AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF
SUCH PREFERENCES AND/OR RIGHTS.

    

    The
following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

    

    
      	
              TEN
      COM - as tenants in common

            	
              UNIF
      GIFT MIN ACT - _________Custodian________

              (Cust)                
             (Minor)

              under
      Uniform Gifts to Minors

              Act
      _______________

              (State)

            
	
              TEN
      ENT - as tenants by the entireties

            	 
      
	
               

              JT
      TEN _ as joint tenants with right

            	
              UNIF
      TRF MIN ACT - _____Custodian (until age ___)

              (Cust)

              __________
      under Uniform Transfers

              (Minor)

              to
      Minors Act _______________

                                
      (State)

            
	 
      	 
      
	 
      	 
      

    

    

    Additional
abbreviations may also be used though not in the above list.

    

    For value
received, _______________ hereby sell, assign and transfer unto

    

    

    PLEASE
INSERT SOCIAL SECURITY OR OTHER

    IDENTIFYING
NUMBER OF ASSIGNEE

     

    
      
        

      

    

     

    
      
        

      

    

    PLEASE
PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF
ASSIGNEE

     

    
      
 

      
 

    Shares of
the stock represented by the within Certificate, and do hereby irrevocably
constitute and appoint ________________________________________________ Attorney
to transfer the said stock on the books of the within named Corporation with
full power of substitution in the premises.

    

    DATED:
_______________________

    

    

    
      	 
      	
              X

            	 
      
	 
      	
              NOTICE:
      THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS
      WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT
      ALTERATION OR ENLARGEMENT, OR ANY CHANGE
  WHATEVER.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Signature(s)
Guaranteed:

    

    

    

    By:__________________________________

    THE
SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN
AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C RULE
17Ad-15.EXHIBIT 10.1

                           CHANGE IN CONTROL AGREEMENT
                           ---------------------------

         THIS  CHANGE IN  CONTROL  AGREEMENT  (this  "Agreement")  is made as of
____________________,  2008 (the "Effective Date") by and between SALISBURY BANK
AND TRUST COMPANY, a Connecticut  chartered bank and trust company with its main
office at 5 Bissell Street,  P.O. Box 1868,  Lakeville,  Connecticut  06039 (the
"Bank") and  ________________  of ______________,  _______________,  ___________
(the "Executive").

         WHEREAS,  the Executive is currently rendering services to the Bank and
serves as a member of the executive management team of the Bank;

         WHEREAS, the Executive has been employed by the Bank for at least three
years;

         WHEREAS,  the Board of Directors of the Bank (the  "Board")  recognizes
that there may be  circumstances  other than a voluntary  disposition by sale or
merger of the Bank due to economic or financial  exigencies in which an unsought
change in control in the Bank or in  Salisbury  Bancorp,  Inc.,  the parent bank
holding  company of the Bank,  is possible  and that the  possibility  of such a
change in control may create  uncertainty  and may result in the  distraction or
departure  of  management  personnel  to the  detriment  of  the  Bank  and  the
shareholders of Salisbury Bancorp, Inc.;

         WHEREAS,  the Board has  determined  that  appropriate  steps should be
taken to reinforce  and  encourage  the  continued  dedication of members of the
Bank's  executive  management  team,  including the Executive to their  assigned
duties in the face of potential  circumstances involving the possibility of such
an unsought change in control;

         WHEREAS,  the Bank  wishes to avoid  any  distractions  to  Executive's
performance  of services to the Bank,  and in that  interest the Bank desires to
afford  certain  protection to the Executive in the event of a Change in Control
(as defined in Section 2).

         NOW THEREFORE,  to further the above recited corporate objectives,  and
for other good and  valuable  consideration,  the receipt and  adequacy of which
each party hereby acknowledges the Bank and the Executive agree as follows:

         1. Term of Agreement; Not an Employment Agreement. This Agreement shall
            ----------------------------------------------
take effect when signed by all parties and shall remain in full force and effect
until September 30, 2010, provided that in the case of any Change in Control (as
defined in Section 2) occurring  prior to September  30,  2010,  this  Agreement
shall  remain in effect for twelve (12) months after the date of any such Change
in Control is  consummated.  The Executive  serves as an employee at will of the
Bank.  Notwithstanding  the terms set forth in this  Agreement,  in no way shall
this Agreement  create either an express or implied  contract of employment with
the Bank or Salisbury Bancorp, Inc. and/or their successors. The purpose of this
Agreement is to provide

<PAGE>

certain  potential  benefits to the Executive solely in the event of a Change in
Control (as defined in Section 2) and not to provide a contract for employment.

         2. Change in Control.  No benefits  shall be payable  hereunder  unless
            -----------------
there  shall  have  been a  Change  in  Control  as set  forth  below,  and  the
Executive's  employment  with the Bank  and/or its  successor  terminates  or is
reassigned within twelve (12) months thereof in accordance with Section 3 below.
For purposes of this Agreement,  a "Change in Control" shall mean the occurrence
of one or more of the following events:

         (a) any "person"  (as such term is used in Section  13(d) and 14(d) (2)
         of the Securities Exchange Act of 1934, as amended (the "Exchange Act))
         becomes a  "beneficial  owner"  (as such term is  defined in Rule 13d-3
         promulgated under the Exchange Act) (other than the Salisbury  Bancorp,
         Inc.  any  trustee  or  other  fiduciary  holding  securities  under an
         employee  benefit plan of Salisbury  Bancorp,  Inc. or any  corporation
         owned,  directly  or  indirectly,  by  the  shareholders  of  Salisbury
         Bancorp, Inc., in substantially the same proportions as their ownership
         of stock of  Salisbury  Bancorp,  Inc.),  directly  or  indirectly,  of
         securities of Salisbury  Bancorp,  Inc. or the Bank representing  fifty
         percent  (50%)  or  more  of the  combined  voting  power  of the  then
         outstanding securities of Salisbury Bancorp, Inc. or the Bank; or

         (b)  persons,  who  as of the  Effective  Date,  constituted  Salisbury
         Bancorp,  Inc.'s Board of Directors (the  "Incumbent  Board") cease for
         any  reason  including,  without  limitation,  as a result  of a tender
         offer, proxy contest,  merger or similar transaction,  to constitute at
         least a majority  of  Salisbury  Bancorp,  Inc.'s  Board of  Directors,
         provided that any person becoming a director of Salisbury Bancorp, Inc.
         subsequent  to the  Effective  Date whose  election  was approved by at
         least a majority of the directors then  comprising the Incumbent  Board
         shall for purposes of this Section  2(b), be considered a member of the
         Incumbent Board; or

         (c) the Board of Directors of Salisbury Bancorp, Inc. for reasons other
         than a  substantial  decline  in the  earnings  and/or  stock  price or
         multiple  or similar  indications  of  economic  or  financial  duress,
         approve a merger or  consolidation  of Salisbury  Bancorp,  Inc. or the
         Bank with any other corporation of other entity, other than a merger or
         consolidation  which would result in the voting securities of Salisbury
         Bancorp,  Inc.  outstanding  immediately  prior  thereto  continuing to
         represent  (either by remaining  outstanding or by being converted into
         voting  securities  of the  surviving  entity) more than fifty  percent
         (50%)  of the  combined  voting  power  of  the  voting  securities  of
         Salisbury   Bancorp,   Inc.  or  such  surviving   entity   outstanding
         immediately after such merger or consolidation; or

         (d) the Board and/or the Board of Directors of Salisbury Bancorp,  Inc.
         approve  a plan  of  complete  liquidation  of the  Bank  or  Salisbury
         Bancorp,  Inc. or an agreement for the sale or disposition by Salisbury
         Bancorp,  Inc. of all or  substantially  all of the assets of Salisbury
         Bancorp, Inc. or the Bank.

<PAGE>

         3.  Termination  Following  Change  in  Control.  If any of the  events
             -------------------------------------------
described  in  Section 2 hereof  constituting  a Change in  Control  shall  have
occurred,  the  Executive  shall be entitled  to the  benefits  provided  for in
Section 4(a) hereof upon (i) the termination of the Executive's employment as an
officer  of the  Bank  and/or  its  successor  or (ii) the  reassignment  of the
Executive  as provided in this  Section 3 within  twelve (12) months  after such
Change in Control,  unless such  employment  is  terminated  or the Executive is
reassigned: (a) by any regulatory authority acting with proper jurisdiction;  or
(b) by the Board or the Board of  Directors of Salisbury  Bancorp,  Inc.  and/or
their successors for cause; or (c) because of the Executive's death,  retirement
or disability.

         (a) Retirement; Disability.
             ----------------------

                  (i) Termination of employment by the Bank based on retirement,
         in which  event the  Executive  shall  receive no benefit  pursuant  to
         Section  4, shall  mean the  mandatory  termination  of  employment  in
         accordance  with the retirement  policy of the Bank,  including (at the
         Executive's   sole  election  and  as  set  forth  in  writing)   early
         retirement,  generally  applicable  to  its  salaried  employees  or in
         accordance  with  any  retirement  arrangement   established  with  the
         Executive's consent with respect to the Executive.

                  (ii)   Termination   of   employment  by  the  Bank  based  on
         disability,  in which  event the  Executive  shall  receive  no benefit
         pursuant to Section 4, shall mean the Executive (i) is unable to engage
         in  any  substantial  gainful  activity  by  reason  of  any  medically
         determinable  physical  or mental  impairment  which can be expected to
         result in death or can be expected to last for a  continuous  period of
         not  less  than  twelve  (12)  months;  or  (ii)  is  receiving  income
         replacement  benefits  for a period of not less than  three (3)  months
         under an accident and health plan covering the employees of the Bank by
         reason of any  medically  determinable  physical  or mental  impairment
         which  can be  expected  to  result  in death or last for a  continuous
         period of at least twelve (12) months.  The  Executive  shall be deemed
         disabled  if (i)  determined  to be  totally  disabled  by  the  Social
         Security Administration or (ii) determined to be disabled in accordance
         with a disability  insurance  program,  provided that the definition of
         disability  applied under such program complies with the requirement of
         the applicable  regulations  under Section 409A of the Internal Revenue
         Code of 1986, as amended (the "Code").

         (b)  Notice  of  Termination.  The  Bank  agrees  that in the  event of
              -----------------------
         termination  it will  promptly  furnish  the  Executive  with a written
         Notice of  Termination.  Any purported  termination of the Executive on
         account of the  Executive's  reassignment  as provided in Section  3(d)
         hereof shall be communicated by written Notice of Termination  from the
         Executive  to the Bank.  For purposes of this  Agreement,  a "Notice of
         Termination"  shall mean a notice  which  shall  include  the  specific
         termination provision in this Agreement relied upon and shall set forth
         in reasonable detail the facts and  circumstances  claimed to provide a
         basis for termination of the Executive's employment under the provision
         so indicated.

         (c) Date of Termination.  "Date of Termination"  shall mean the date on
             -------------------
         which a Notice of Termination  is given;  provided that, if within five
         (5) days after any Notice of Termination is given,  the party receiving
         such  Notice of  Termination  notifies  the other  party that a dispute

<PAGE>

         exists concerning the termination, the Date of Termination shall be the
         date on which  the  dispute  is  finally  determined,  either by mutual
         written  agreement of the parties,  by a binding and final  arbitration
         award or by a final  judgment,  order or decree of a court of competent
         jurisdiction  (the time for  appeal  therefrom  having  expired  and no
         appeal having been perfected).

         (d) Reassignment. Reassignment shall mean a reduction in base salary or
             ------------
         an    involuntary    reassignment    of   the    Executive's    duties,
         responsibilities,  or benefits inconsistent with those of an officer of
         a bank or the involuntary  relocation of the Executive's primary duties
         and  responsibilities  to an office or location greater than fifty (50)
         miles from Lakeville, Connecticut.

         4. Compensation Upon Termination or Reassignment.
            ---------------------------------------------

         (a) If, within twelve (12) months after a Change in Control, as defined
         in  Section 2 hereof,  shall have  occurred,  the Bank  terminates  the
         Executive's  employment with the Bank or the Executive is reassigned as
         defined  in  Section  3  (except  if the  Executive  is  terminated  or
         reassigned  by  (i)  any  regulatory   authority   acting  with  proper
         jurisdiction,  (ii) the Board or the Board of  Directors  of  Salisbury
         Bancorp, Inc. and/or their successors for cause or (iii) as a result of
         death,  retirement or  disability),  then the Bank and/or its successor
         shall pay the  Executive  within  thirty  (30)  days  after the Date of
         Termination  a  lump  sum  amount  equal  to  the  Executive's   annual
         compensation  based upon the most recent  aggregate base salary paid to
         the Executive in the twelve (12) month period immediately preceding the
         Executive's termination or reassignment less amounts previously paid to
         the Executive  from the date of Change in Control;  provided,  however,
         notwithstanding  this Section  4(a),  if the  Executive is considered a
         Specified  Employee,  as defined  in  Section  409A of the Code and the
         regulations thereunder, at the Date of Termination,  payments hereunder
         shall  not be made  earlier  than six (6)  months  after  such  Date of
         Termination.

         (b) The  Executive  shall not be required to mitigate the amount of any
         payment  provided for in this Section 4 by seeking other  employment or
         otherwise,  nor shall the amount of any  payment  provided  for in this
         Section 4 be reduced by any compensation earned by the Executive as the
         result of employment after the Date of Termination.

         (c) It is the  intention  of the  parties  to  this  Agreement  that no
         payments  by the  Bank to or for the  Executive's  benefit  under  this
         Agreement  shall  be  non-deductible  to  the  Bank  by  reason  of the
         operation of Section 280G of the Code. Accordingly, notwithstanding any
         other provision  hereof,  if by reason of the operation of said Section
         280G of the Code,  any such  payments  exceed the  amount  which can be
         deducted by the Bank,  the amount of such payments  shall be reduced to
         the  maximum  which can be  deducted  by the Bank.  To the extent  that
         payments in excess of the amount which can be deducted by the Bank have
         been made to and for the  Executive's  benefit,  they shall be refunded

<PAGE>

         with interest at the applicable  rate provided under Section 1274(d) of
         the Code,  or at such  other rate as may be  required  in order that no
         such payment to or for the Executive's  benefit shall be non-deductible
         pursuant to Section 280G of the Code. Any payments made hereunder which
         are not  deductible  by the Bank as result of  losses  which  have been
         carried  forward  by the Bank for  Federal  tax  purposes  shall not be
         deemed a non-deductible amount for purposes of this Section 4(c).

         5.  Continuation  of  Insurance  Benefits.  Notwithstanding  any  other
             -------------------------------------
provision in this Agreement to the contrary, the Bank and/or its successor shall
maintain in full force and effect for  Executive's  continued  benefit,  for the
twelve  (12)  month  period  beginning  upon a Change  in  Control,  the same or
comparable life insurance, medical, health and accident and disability policies,
plans,  programs or arrangements as those which were in effect immediately prior
to the  Change in Control  at levels  and on terms and  conditions  which are at
least as  favorable to Executive  as those  maintained  by the Bank  immediately
prior to the Change in Control.

         6. Successors' Binding Agreement.
            -----------------------------

         (a) The Bank will require any successor (whether direct or indirect, by
         purchase, merger, consolidation, acquisition of assets or assumption of
         liabilities or otherwise) to all or  substantially  all of the business
         and/or assets and/or  deposits of the Bank, by agreement,  to expressly
         assume and agree to perform  this  Agreement  in the same manner and to
         the same  extent  that the Bank would be  required  to perform it if no
         such  succession  had taken  place.  Failure of the Bank to obtain such
         agreement prior to the  effectiveness of any such succession shall be a
         breach  of  this   Agreement   and  shall   entitle  the  Executive  to
         compensation  from the Bank in the same amount and on the same terms as
         he would be entitled to hereunder  if the  Executive's  employment  had
         terminated as a result of a Termination or Reassignment, as provided in
         Section 3 hereof,  after a Change in Control,  except that for purposes
         of  implementing  the foregoing,  the date on which any such succession
         becomes  effective shall be deemed the Date of Termination.  As used in
         this Agreement,  "Bank" shall mean the Bank as hereinbefore defined and
         any successor to the  business,  assets,  and/or  deposits as aforesaid
         which executes and delivers the agreement  provided for in this Section
         6 or which  otherwise  becomes bound by all the terms and provisions of
         this Agreement by operation of law.

         (b) This Agreement  shall inure to the benefit of and be enforceable by
         the   Executive's   personal  or  legal   representatives,   executors,
         administrators,  successors, heirs, distributes,  devises and legatees.
         If the  Executive  should die after any rights to receive  the  amounts
         contemplated  hereby  have  accrued to the  Executive  but before  such
         amounts have been paid,  all such amounts,  unless  otherwise  provided
         herein, shall be paid in accordance with the terms of this Agreement to
         the Executive's  devisee,  legatee or other designee or, if there be no
         such designee, to the Executive's estate.

         7. Notices. All notices and other  communications  provided for in this
            -------
Agreement  shall be in writing  and shall be deemed to have been duly given when
delivered or mailed by United States registered mail, return receipt  requested,
postage  prepaid,  addressed to the respective  addresses set forth on the first
page of this Agreement,  provided that all notices to the Bank shall be directed
to the  attention  of the Board with a copy to the  Chairman of the Board of the

<PAGE>

Bank or to such other address as either party may have furnished to the other in
writing in accordance herewith, except that notice of change of address shall be
effective only upon receipt.

         8.  Miscellaneous.  No  provision  of this  Agreement  may be notified,
             -------------
waived or discharged unless such waiver,  modification or discharge is agreed to
in  writing  and  signed  by the  Executive  and such  other  officer  as may be
specifically  designated  by the Board.  No waiver by either party hereto at any
time of any  breach by the other or  failure  to comply  with any  condition  or
provision of this  Agreement to be performed by such other party shall be deemed
a waiver of similar or dissimilar provisions or conditions at the same or at any
prior or subsequent time. The validity, interpretation, construction performance
of this Agreement shall be governed by the laws of the State of Connecticut.

         9. Validity.  The invalidity or enforceability of any provision of this
            --------
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.

         10.   Counterparts.   This   Agreement   may  be  executed  in  several
               ------------
counterparts,  each of which shall be deemed to be an original  but all of which
together will constitute one and the same instrument.

         11. Entire  Agreement.  This Agreement  supersedes all prior agreements
             -----------------
between the parties  relating to the subject matter hereof and  constitutes  the
entire  agreement  between the Bank and the  Executive as to the subject  matter
hereof. No agreements or representations, oral or otherwise, express or implied,
with respect to the subject  matter  hereof have been made by either party which
are not  expressly  set forth in this  Agreement.  No rights are  granted to the
Executive by virtue of this Agreement  other than those  specifically  set forth
herein.

         12.  Compliance  with  Code  Section  409A.  This  Agreement  shall  be
              -------------------------------------
administered  in a  manner,  and all  provisions  of  this  Agreement  shall  be
interpreted  to be,  compliant  with the provisions of Section 409A of the Code,
and regulations and rulings issued thereunder, so as not to subject the benefits
accruing hereunder to taxation pursuant to Section 409A(a)(1) of the Code.

Agreed to this _________ day of _________ 2008 by and between  _________________
and Salisbury Bank and Trust Company.

                                    --------------------------------------------

                                    --------------------------------------------

                                    --------------------------------------------

                                    SALISBURY BANK AND TRUST COMPANY

                                    By:
                                          --------------------------------------
                                          John F. Perotti
                                    Its   Chairman of the Board and CEO

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