Document:

ex10_25.htm

    
      EXHIBIT
10.25

    

     

    LOCK-UP
AGREEMENT

    

    As an
inducement to Liberty Alliance, Inc., a Delaware corporation (the “Company”), to
issue a number of shares of the Company common stock to increase the undersigned
stockholder’s holding to one round lot, or 100 shares, after the 1 for 3.5
reverse stock split effected on July 18, 2008 (the “Effective Date”), the
undersigned stockholder hereby agrees that from the Effective Date for a period
of one year,(the “Lock-up Period”) the undersigned will not offer, sell,
contract to sell, pledge or otherwise dispose of, directly or indirectly (a
“Transfer”), any shares of capital stock of the Company issued to the
undersigned in respect of shares of the Company now owned or hereafter acquired
by the undersigned, including any securities convertible into or exchangeable or
exercisable for any shares of capital stock of the Company (the “Securities”),
or enter into a transaction which would have the same effect, or publicly
disclose the intention to make any such offer, sale, pledge or
disposal.

     

    Any
Securities received upon exercise of options granted to the undersigned will
also be subject to this Agreement.  A transfer of Securities to a
family member or trust may be made, provided the transferee agrees to be bound
in writing by the terms of this Agreement.  Upon the execution of the
Agreement, there shall be imprinted or otherwise placed, on certificates
representing the Securities the following restrictive legend:

    

    THE SALE
OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE
TERMS AND CONDITONS OF A CERTAIN LOCK-UP AGREEMENT BETWEEN THE CORPORATION AND
CERTAIN HOLDERS OF STOCK OF THE CORPORATION.  COPIES OF SUCH AGREEMENT
MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE
CORPORATION.

    

    In
furtherance of the foregoing, the Company and its transfer agent and registrar
are hereby authorized to decline to make any transfer of shares of Securities if
such transfer would constitute a violation or breach of this
Agreement.

    

    This
Lock-up Agreement shall be binding on the undersigned and the successors, heirs,
personal representatives and assigns of the undersigned.

    

     

     

    
      
        
          	 
      	 
      	
                    /s/
      Hannah Tidwell 

                	 
      
	 
      	 
      	
                  Name

                	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                  Address

                	 
      

        

      

    

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     The
identical form of Lock-Up Agreement  was also executed by the
following persons: 

    

     Evaloy
R Haun 

     Brent
Harker 

     Arthur
Claerhout 

     Darrell
Ray Hoehne C/F Jonathan Mali Hoehne 

     Darrell
Ray Hoehne C/F David Rodney Hoehne 

     Darrell
Ray Hoehne C/F Amy Josephine Hoehne 

     Doah
Ravu Hoehne C/F David Rodney Hoehne 

     Doah
Ravu Hoehne C/F Michelle Ropa Hoehne 

     Doah
Ravu Hoehne C/F Amy Josephine Hoehne 

     Doah
Ravu Hoehne C/F Jonathan Mali Hoehne 

     Doah
Ravu Hoehne & 

     Darrell
Ray Hoehne & 

     Darrell
Ray Hoehne & 

     Doah
Ravu Hoehne 

     Darrell
Ray Hoehne 

     Darrell
Ray Hoehne C/F Michelle Ropa Hoehne 

     Lorraine
H Wood 

     Neil
Burnett 

     Rhonda
Adams 

     Tzu C
Chen 

     

     

    2ex10_38.htm

    
       EXHIBIT
10.38 

    

    
 

    LOCK-UP
AGREEMENT

     

     

     GLOBAL
HUNTER SECURITIES, LLC 

     601
Poydras Street, Suite 2025 

     New
Orleans, LAS  70130 

     Facsimile:  504-212-1610 

     Attn:  Daniel
O. Conwill, IV 

     

     Re:           SinoHub,
Inc. 

     

     Ladies
and Gentlemen: 

     

     This
Agreement is delivered in furtherance of the offering by SinoHub, Inc. (the
“Company”) of its securities (the “Offering”) on the terms and conditions set
forth in the Securities Purchase Agreement (the “Purchase Agreement”), dated
September 10, 2008, between the Company and investors in the Offering (the
“Investors”). 

     

     The
undersigned executive officer of the Company, in order to induce the Investors
to enter into the Purchase Agreement, hereby agrees that, without the prior
written consent of the Investors holding a majority of the shares of the
Company’s common stock purchased pursuant to the Purchase Agreement, the
undersigned will not (directly or indirectly) offer, pledge, sell, contract to
sell, sell any option or contract to purchase, purchase any option or contract
to sell, sell stock short, grant any option, right or warrant to purchase, lend
or otherwise transfer or dispose of any shares of the Company’s common stock
(“Common Stock”) now owned of record or beneficially or hereafter acquired
directly or beneficially by the undersigned or with respect to which the
undersigned has or hereafter acquires the power of disposition (the “Lock-Up
Shares”) or enter into any swap or other arrangement that transfers any economic
consequences of ownership of Common Stock, or enter into any other agreement or
transaction that would have the same effect as any of the foregoing prohibited
actions, commencing on the date hereof and, subject to the occurrence of a
closing of the Offering, continuing for a period of one year following the
effective date of the registration statement to be filed by the Company in
connection with the Offering; provided, however that an aggregate of 100,000
shares of Common Stock held by the undersigned shall not be subject to the
restrictions contained in this letter may be sold under the requirements of Rule
144 under the Securities Act of 1933. 

     

     In
furtherance of the foregoing, the Company shall, and shall cause its transfer
agent and registrar to decline to make any transfer of the Lock-Up Shares if
such transfer would constitute a violation or breach of this letter
agreement. 

     

     The
undersigned acknowledges that each of the Investors is a third party beneficiary
of this letter agreement. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     This
letter agreement is irrevocable and will be binding on the undersigned and the
respective successors, heirs, personal representatives, and assigns of the
undersigned and may only be amended by mutual agreement of the undersigned,
Global Hunter Securities LLC, and the Investors holding a majority of the shares
of the Company’s common stock purchased pursuant to the Purchase
Agreement.  This letter agreement shall terminate and be of no force
and effect in the event an initial closing of the Offering has not taken
place. 

     

     [The
remainder of this page in intentionally blank.  The signature page
follows.] 

     

     

     

    
 

     

    
      
         

      

      
         2 

        
          

        

      

      
         

      

    

    

    
      
        	
                 Dated:
      September 21,
      2008 

              	
                 /s/Henry
      T. Cochran 

              	 
      
	 
      	
                 Signature 

              	 
      
	 
      	 
      	 
      
	 
      	
                 Henry
      T. Cochran 

              	 
      
	 
      	
                 Printed
      Name of Person Signing 

              	 
      

      

    

     

     

    
 

    
      
         

      

      
         3 

        
          

        

      

      
         

      

    

    

    
      
        	
                 Dated:
      September 21,
      2008 

              	
                 /s/Lei
      Xia 

              	 
      
	 
      	
                 Signature 

              	 
      
	 
      	 
      	 
      
	 
      	
                 Lei
      Xia 

              	 
      
	 
      	
                 Printed
      Name of Person Signing 

              	 
      

      

    

     

     

     

     

     

     4exhibit_10-1.htm

    EXHIBIT
10.1

     

    SonoSite,
Inc.

    FY2009
Variable Incentive Bonus Plan

    

    1.
Purpose

    

    The
SonoSite, Inc FY2009 Variable Incentive Bonus Plan (the “Plan”) is intended to:
(i) enhance shareholder value by promoting strong linkages between employee
contributions and company performance; (ii) support achievement of the
business objectives of SonoSite, Inc. and its subsidiaries (the “Company”); and
(iii) promote retention of participating employees.  The Plan is
intended to achieve these objectives through the payment of “Cash Awards” or
“Stock Awards” pursuant to the SonoSite, Inc. Amended and Restated 2005 Stock
Incentive Plan, as approved by the Company’s stockholders on April 22, 2008
(the “SIP”).  If there is any conflict between the Plan and the SIP,
the SIP will prevail.

    

    2.
Effective Date

    

    This Plan
is only effective for the Company’s 2009 fiscal year beginning January 1,
2009, through December 31, 2009 (the “Plan Year”). This Plan is limited in
time and will expire automatically on December 31, 2009 (“Expiration
Date”). This Plan also supersedes all prior bonus or commission incentive plans,
whether with the Company or any subsidiary or affiliate thereof, or any written
or verbal representations regarding the subject matter of this
Plan.

    

    3.
Administration

    

    
      	
              (a)

            	
              The
      Plan shall be administered by the Compensation Committee of the Board of
      Directors of the Company (the “Administrator”). The Administrator shall
      have all powers and discretion necessary or appropriate to administer the
      Plan and to control its operation, including, but not limited to, the
      power to (a) determine which employees are eligible to participate in
      the Plan, (b) prescribe the terms and conditions of the variable
      incentive plan payouts hereunder (as further defined in Section 5
      below, the “VIP Payouts”), (c) certify the applicable Matrix
      Percentage Factors (as defined in Section 5 below) after the
      completion of the Plan Year, (d) interpret the Plan and the VIP
      Payouts, (e) adopt rules for the administration, interpretation and
      application of the Plan as are consistent therewith, and
      (f) interpret, amend or revoke any such rules. The Company’s
      President and its Vice President, Human Resources will be responsible for
      implementing the Plan.

            
	 
      	 
      
	
              (b)

            	
              All
      determinations and decisions made by the Administrator, the Board, and any
      delegate of the Administrator pursuant to the provisions of the Plan shall
      be final, conclusive, and binding on all persons, and shall be given the
      maximum deference permitted by law.

            
	 
      	 
      
	
              (c)

            	
              Subject,
      where applicable, to the requirements of Section 162(m)(4)(C) of the
      Internal Revenue Code of 1986, as amended (the “Code”), the Administrator,
      in its sole discretion and on such terms and conditions as it may provide,
      may delegate all or part of its authority and powers under the Plan to one
      or more directors and/or officers of the Company.

            
	 
      	 
      
	
              (d)

            	
              The
      Company shall provide a copy of the Plan to each Participant (as defined
      in Section 4 below) and communicate to each Participant his or her
      Incentive Target Percentage as well as provide information about the
      Performance Graph (as each such term in defined in Section 5
      below).

            

    

    

    4.
Eligibility

    

    Any
full-time regular employee of the Company may be eligible to participate in this
Plan, provided he or she is designated by the Administrator as a participant and
as to whom the Administrator has not, in its sole discretion, withdrawn such
designation (a “Participant”) and he or she meets all the following
conditions:

    

    
      	
              (a)

            	
              He
      or she has signed the individualized Executive Compensation Plan to which
      this Plan is attached;

            
	 
      	 
      
	
              (b)

            	
              He
      or she is a full-time regular employee of the Company as of both
      (1) the last day of the Plan Year, and (2) the date the payment
      is made (subject to Section 6 below);

            
	 
      	 
      
	
              (c)

            	
              He
      or she is not concurrently participating in a sales incentive or
      commission plan, or in any other bonus plan operated by or bonus contract
      with the Company;

            
	 
      	 
      
	
              (d)

            	
              He
      or she has not entered into an agreement relating to termination of his or
      her employment with the Company (other than an employment agreement or
      offer letter, change of control agreement, or equity compensation
      agreement that provides for certain benefits in connection with the
      Participant’s future termination of employment);

            
	 
      	 
      
	
              (e)

            	
              He
      or she has not transferred to a position with the Company that either
      (1) is not eligible for participation in this Plan (as determined in
      the Administrator’s sole discretion), or (2) is eligible for
      participation in another annual bonus program offered by the Company;
      and

            
	 
      	 
      
	
              (f)

            	
              He
      or she is not subject to a Performance Improvement Plan or other
      disciplinary actions, including not having engaged in any activity that
      the Administrator determines to be competitive with the Company and its
      business.

            

    

    

    5.
Plan Metrics

    

    
      	
              (a)

            	
              Each
      Participant shall be designated in writing as a
      Participant.  Subject to Section 5(b), the VIP Payout under
      this Plan for each Participant will be calculated based upon the following
      formula (the “Payout Formulas”):

            
	 
      	 
      
	 
      	
              Base
      Salary 

            	
              X

            	
              Incentive
      Target Percentage

            	
              X

            	
              Matrix
      Percentage Factor

            	
              =

            	
              VIP
      Payout

            
	 
      	 
      
	 
      	
              The
      “Base Salary” is the Participant’s base salary actually paid to the
      Participant for the Plan Year; provided that such base salary will be
      prorated based on hire or promotion date or to take into account any
      leaves of absence.  Nothing in this Plan, or arising as a result
      of a Participant’s participation in this Plan, shall prevent the Company
      from changing a Participant’s Base Salary at any time based on such
      factors as the Company shall in its discretion determine to be
      appropriate.

            
	 
      	 
      
	 
      	
              The
      “Incentive Target Percentage” is a percentage of Base Salary determined by
      the Administrator according to such factors as it, in its sole discretion,
      deems appropriate, including job function, individual Participant
      performance, competitive market data and historical Company
      compensation.

            
	 
      	 
      
	 
      	
              The
      “Matrix Percentage Factor” is a percentage set forth in a graph (the
      “Performance Graph”) approved by the Administrator.  One axis
      reflects the Revenue Factor and the other axis reflects the Operating
      Profit Factor.  In calculating actual VIP Payouts, determination
      of the applicable Matrix Percentage Factor for the above formula shall be
      made with reference to actual Company annual results with respect to each
      of the Revenue Factor and the Operating Profit Factor.

            
	 
      	 
      
	 
      	
              The
      “Revenue Factor” is determined based upon the achievement by the Company
      of annual corporate revenue targets established by the Administrator in
      writing not later than 90 days after the commencement of the Plan Year.
      The Administrator shall certify the actual Revenue Factor in writing after
      the close of the Plan Year. Revenue shall be measured in accordance with
      generally accepted accounting principles, excluding certain one-time
      extraordinary charges as determined by the Administrator and set forth in
      written resolutions.

            
	 
      	 
      
	 
      	
              The
      “Operating Profit Factor” is determined based upon the achievement by the
      Company of annual corporate operating profit targets established by the
      Administrator in writing not later than 90 days after the commencement of
      the Plan Year. The Administrator shall certify the actual Operating Profit
      Factor in writing after the close of the Plan Year. Operating profit shall
      be measured in accordance with generally accepted accounting principles,
      and set forth in written resolutions.

            
	 
      	 
      
	
              (b)

            	
              All
      VIP Payouts shall be paid from the general assets of the Company, but only
      to the extent that the operating profit of the Company includes accruals
      for the VIP Payouts.  Notwithstanding anything to the contrary
      contained herein, the Administrator has the discretion to determine to pay
      less than the full amount (including to pay zero percent) of the VIP
      Payout to which any Participant would otherwise be entitled, which
      determination shall be based upon such factors as the Administrator
      determines appropriate (including without limitation as a result of the
      Company’s or a Participant’s failing to achieve one or more objectives
      with respect to the Plan Year, as a result of which it would be against
      the best interests of the Company and its shareholders to pay all or any
      portion of such VIP Payout).

            
	 
      	 
      
	
              (c)

            	
              VIP
      Payouts shall be unsecured, unfounded obligations of the
      Company.  To the extent they have any rights under this Plan,
      Participants’ rights shall be those of general unsecured creditors of the
      Company.

            
	 
      	 
      
	
              (d)

            	
              In
      the event of a Participant’s death, participation in the Plan will
      cease.  Earned prorated VIP Payouts will be paid to the
      employee’s estate after the end of the Plan Year (as provided in
      Section 6 below) but only to the extent VIP Payouts are made to other
      Plan Participants.

            
	 
      	 
      
	
              (e)

            	
              VIP
      Payouts for Participants designated for participation by the Administrator
      after the beginning of the fiscal year will be prorated to reflect actual
      length of service during the Plan Year (with such proration occurring
      either through the amount of Base Salary reflected in the Payout Formula
      or otherwise in order to reflect the appropriate amount of VIP Payout
      given actual length of service).  Proration shall be based upon
      number of full months worked, with credit being given for a full month of
      service if the Participant worked for at least 15 calendar days of any
      month.

            
	 
      	 
      
	
              (f)

            	
              VIP
      Payouts for Participants with unpaid leaves of absence (other than FMLA or
      leaves of absence required under federal, state or local law or
      regulations) exceeding 90 days during the Plan Year (not including PTO
      used or eligible medical/family leave) will be prorated to exclude the
      entire leave of absence. VIP Payouts for Participants with leaves of
      absence less than or equal to 90 days during the Plan Year will not be
      prorated to exclude the leave of
absence.

            

    

    

    6.
Timing and Form of Payment of VIP Payouts

    

    Subject
to the terms and conditions of this Plan, VIP Payouts shall be made on an annual
basis by March 1 following (1the end of the Plan Year, but only after the
Administrator has certified the Revenue Factor and Operating Profit Factor for
the Plan Year in writing.  VIP Payouts may be made in the form of
“Cash Awards” under the SIP, in the form of “Stock Awards” under the SIP, or in
any combination of both, as determined by the Administrator.

    

    7.
Plan Changes; No Entitlement

    

    Subject,
where applicable, to the requirements of Section 162(m)(4)(C) of the Code,
the Administrator may at any time amend, suspend or terminate this Plan,
including amending any aspect of the Payout Formula or the Performance Graph,
and may amend the Plan so as to ensure that no amount paid or to be paid
hereunder shall be subject to the provisions of Section 409A(a)(1)(B) of
the Code; provided that no amendment of this Plan, the Payout Formula or the
Performance Graph shall have the effect of increasing any VIP
Payment.  Nothing in this Plan is intended to create an entitlement to
any employee for any incentive payment hereunder.

    

    8.
General Provisions

    

    
      
        
          
            
              
                
                  	
                          (a)

                        	
                          Tax
      Withholding. The Company shall withhold all applicable taxes from
      any VIP Payout, including any federal, state and local
    taxes.

                        
	 
      	 
      
	
                          (b)

                        	
                          No Effect on
      Employment or Service. Nothing in the Plan shall interfere with or
      limit in any way the right of the Company to terminate any Participant’s
      employment or service at any time, with or without cause. Employment with
      the Company is on an at-will basis only. The Company expressly reserves
      the right, which may be exercised at any time, to terminate any
      individual’s employment with or without cause without regard to the effect
      it might have upon him or her as a Participant under this
      Plan.

                        
	 
      	 
      
	
                          (c)

                        	
                          Nontransferability of
      Awards. No award granted under the Plan may be sold, transferred,
      pledged, assigned, or otherwise alienated or hypothecated, other than by
      will or by the laws of descent and distribution. All rights with respect
      to an award granted to a Participant shall be available during his or her
      lifetime only to the Participant.

                        
	 
      	 
      
	
                          (d)

                        	
                          Severability.
      In the event any provision of the Plan shall be held illegal or invalid
      for any reason, the illegality or invalidity shall not affect the
      remaining parts of the Plan, and the Plan shall be construed and enforced
      as if the illegal or invalid provision had not been
    included.

                        
	 
      	 
      
	
                          (e)

                        	
                          Governing Law.
      The Plan and all awards shall be construed in accordance with and governed
      by the laws of the State of Washington, but without regard to its conflict
      of law provisions.

                        
	 
      	 
      
	
                          (f)

                        	
                          Entire
      Agreement. This Plan, and any resolutions of the Administrator
      amending, interpreting or administering the Plan, are the entire
      understanding between the Company and the employee regarding the subject
      matter of this Plan and supersede all prior bonus or commission incentive
      plans, whether with the Company or any subsidiary or affiliate thereof or
      any written or verbal representations regarding the subject matter of this
      Plan. Participation in this Plan during the Plan Year will not convey any
      entitlement to participate in this or future plans or to the same or
      similar bonus benefits. Payments under this Plan are an extraordinary item
      of compensation that is outside the normal or expected compensation for
      the purpose of calculating any extra benefits, termination, severance or
      redundancy payments, end-of-service premiums, bonuses, long-service
      awards, overtime premiums, pension or retirement benefits or other similar
      payments.

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