Document:

exv10w3

EXHIBIT 10.3

April 23, 2009

Mr. Warren Rustand

Chairman of the Board

TLCVision Corporation

16305 Swingley Ridge Road, Ste. 300

Chesterfield, MO 63017

Dear Warren:

This letter agreement (the “Agreement”) serves as an addendum to the letter agreement between
Conway, Del Genio, Gries & Co., LLC (“CDG”) and TLCVision Corporation (the “Company”), dated
February 16, 2009 (the “Original Agreement”). Except to the extent specifically modified by this
Agreement, the Original Agreement shall remain in full force and effect, and all references in the
Original Agreement to this engagement and this Agreement (and words of similar meaning) shall
include the terms and conditions of this Agreement and the services provided by CDG hereunder.

A. Scope of Services

The Company has requested, and CDG and the Company agree that, commencing on April 23, 2009, CDG’s
scope of services shall be expanded to include the following:

	 	1.	 	Make Michael F. Gries available to serve as the Chief Restructuring Officer of the
Company;
	 
	 	2.	 	Serve as the principal contact with the Company’s creditors with respect to the
Company’s financial and operational matters;
	 
	 	3.	 	Assist management with the development and implementation of the Company’s
restructuring plan, and in connection with negotiations with the various stakeholders; and
	 
	 	4.	 	Identify areas for cost reduction and other operations improvement opportunities.

B. Fees

In Section B.I., the reference to the Monthly Fee for Month 3 and each month thereafter until
terminated is hereby increased from $150,000 to $175,000, commencing with the date hereof.

C. Insurance

The Company’s Directors and Officers insurance policy includes any past, present or future officer
or director of the Company as an “Insured Person” under the policy and the Company’s employment
practices policy includes any individuals who are or were owners, partners, employees, directors or
officers of the Company as an “Insured” under the policy (collectively, the “Policies”). A true,
correct, and complete copy of the Company’s current Directors and Officers liability insurance
shall be promptly furnished to CDG. The Company represents that the premiums associated with the
Policies have been paid in full and that no notice of termination or conversion has been received
with respect to the Policies. The Company shall use commercially reasonable efforts to maintain
directors and officers liability insurance coverage of not less than $15,000,000 and otherwise
comparable as to premiums, terms and amounts as that provided under the Policies during the term of
this Agreement, with any replacement coverage being obtained from an insurer with a rating from a
nationally recognized rating agency not lower than the present insurer.

 

 

D. Miscellaneous

Except to the extent amended or supplemented herein, the terms of the Original Letter shall remain
in full force and effect.

This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an
original, but all of which shall constitute one and the same agreement.

This Agreement is important to us and we appreciate the opportunity to serve you. If you are in
agreement with the terms set forth herein, please confirm that the foregoing is in accordance with
your understanding of our agreement by signing and returning this letter.

	 	 	 	 	 
	 	Very truly yours,

Conway, Del Genio, Gries & Co., LLC

 	 
	 	By: /s/  Michael F. Gries
 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 
	Consented and Agreed to:
	 	 
	 
	 	 
	TLCVision Corporation
	 	 
	 
	 	 
	By: /s/ Brian Andrew
 

General Counsel and Secretaryexv10w1

Exhibit
10.1

ASSIGNMENT OF PURCHASE AND SALE AGREEMENT

     THIS ASSIGNMENT OF PURCHASE AND SALE AGREEMENT (this “Assignment”) is executed as of September
3, 2009 by and between SHOPOFF ADVISORS, L.P., a Delaware limited partnership, having an address at
8951 Research Dr., Irvine, CA 92618 (“Assignor”), and SPT — LAKE ELSINORE HOLDING CO., LLC, a
Delaware limited liability company (“Assignee”), with reference to the following:

RECITALS:

     A. Assignor is the ‘Buyer’ under that certain Purchase and Sale Agreement and Joint Escrow
Instructions dated as of September 30, 2008, as amended (as amended, the “Agreement”), in which TSG
Little Valley, L.P., a California limited partnership, is the ‘Seller’. An escrow at First American
Title Insurance Company (Escrow No. OSA-3152741) is pending to facilitate the real estate purchase
and sale transaction which is the subject of the Agreement.

     B. Assignor has agreed to assign to all of Assignor’s right, title and interest and to the
Agreement to Assignee, and Assignee has agreed to accept such assignment and to assume all
obligations and liabilities of Assignor under the Agreement, as provided herein.

     C. This Assignment is executed to effectuate the transfer to Assignee of all of Assignor’s
right, title and interest in and to the Agreement and other rights pursuant to the provisions of
the Agreement.

     NOW, THEREFORE, in consideration of the foregoing recitals and for other valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

     1. Assignment and Assumption. Assignor hereby assigns, conveys, transfers and sets
over unto Assignee any and all right, title and interest of Assignor in and to the Agreement, and
Assignee hereby accepts such assignment and assumes all of Assignor’s obligations, responsibilities
and duties under the Agreement, as the ‘Buyer’ therein, effective as of the date hereof.

     2. Indemnification. Assignee agrees to protect, indemnify, defend and hold Assignor
harmless from and against all claims, obligations and liabilities under the Agreement, from and
after the date hereof. Assignor agrees to protect, indemnify, defend and hold Assignee harmless
from and against all claims, obligations and liabilities arising out of or relating to, directly or
indirectly, in whole or in part, any breach by Assignor under the Agreement arising prior to the
date hereof.

     3. Governing Law. This Assignment shall be construed under and enforced in accordance
with the laws of the State of California.

Page 1 of 2

 

     4. Further Assurances. Assignor and Assignee each agree to execute and deliver to the
other party, upon demand, such further documents, instruments and conveyances, and shall take such
further actions, as are necessary or desirable to effectuate this Assignment.

     5. Attorneys’ Fees; Costs. Upon the bringing of any action, suit or arbitration by
either party against the other arising out of this Assignment or the subject matter hereof, the
party in whose favor final judgment shall be entered shall be entitled to recover from the other
party all costs and expenses of suit including, without limitation, reasonable attorneys’ fees and
costs.

     6. Successors and Assigns. This Assignment shall inure to the benefit of, and be
binding upon, the successors, executors, administrators, legal representatives and assigns of the
parties hereto.

     IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment as of the date first
set forth above.

	 	 	 	 	 	 	 	 	 	 	 
	“ASSIGNOR”	 	SHOPOFF ADVISORS, L.P., a Delaware limited
	 	 	partnership
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	The Shopoff Corporation, a Delaware 

corporation, its General Partner
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ William A. Shopoff 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	William A. Shopoff, President
	 
	 	 	 	 	 	 	 	 	 	 
	“ASSIGNEE”	 	SPT — LAKE ELSINORE HOLDING CO., LLC a
	 	 	Delaware limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Shopoff Partners, L.P., a Delaware limited

partnership, its Sole Member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Shopoff General Partner, LLC, a
	 	 	 	 	 	 	Delaware limited liability company,

its General Partner
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Shopoff Properties Trust, Inc.

a Maryland corporation, its
Manager
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:	 	/s/ William A. Shopoff 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	William A. Shopoff,
	 

	 	 	 	 	 	 	 	 	 	President and CE

Page 2 of 2exv10w2

Exhibit
10.2

First Amendment To

Purchase and Sale Agreement

And Joint Escrow Instructions

(TSG — LITTLE VALLEY)

     THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (this
“Agreement”), dated as of September 3, 2009, is by and between TSG LITTLE VALLEY, LP, a California
limited partnership (“Seller”), and SPT LAKE ELSINORE HOLDING CO., LLC, a Delaware limited
liability company (“Buyer”), and amends that certain Purchase and Sale Agreement and Joint Escrow
Instructions dated as of September 30, 2008 as previously amended by those certain
Amended/Supplemental Escrow Instructions dated October 16, 2008 and October 27, 2008, October 27,
2008, November 11, 2008, November 25, 2008, December 30, 2008, January 13, 2009, January 27, 2009,
February 24, 2009 and that certain undated Corrective Amendment (as amended, the “Agreement”).
Capitalized terms used herein shall have the meanings given them in the Agreement unless otherwise
defined herein. To the extent of any inconsistency between the terms set forth in the Agreement and
this Amendment, the terms set forth in this Amendment shall control.

     Seller and Buyer hereby reinstate the Agreement and further agree to amend the Agreement as
follows:

1. The defined term “Land” is revised to mean all the properties described on Exhibit “A”
attached hereto.

2. The defined term “Purchase Price” is revised to be Nine Million Six Hundred Thousand Dollars
($9,600,000.00).

3. The defined term “Deposit” is revised to mean Two Million Dollars ($2,000,000.00). The Deposit
shall be immediately released to Seller, and shall not be refundable to Buyer except upon a
termination of this Agreement as a result of Seller’s default of a material obligation under this
Agreement occurring prior to the Close of Escrow or a failure of an express condition precedent
under this Agreement to Buyer’s obligation to purchase the Property.

4. The Close of Escrow shall occur on or before November 30, 2009.

     IN WITNESS WHEREOF, the parties have executed this Purchase and Sale Agreement and Joint
Escrow Instructions as of the date first above written.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	TSG LITTLE VALLEY, L.P., a California limited

partnership
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Portfolio Partners, Inc., a California
 Corporation
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Stevan J. Gromet 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	Stevan J. Gromet, President

[signatures continued on next page]

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[signatures
continued from prior  page]

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	SPT LAKE ELSINORE HOLDING CO., LLC, a
Delaware
limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	The Shopoff Corporation, a Delaware

corporation, its General Partner
	 
	 

	 	 	 	 	 	 	 	By:	 	/s/ William A. Shopoff 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	William A. Shopoff, President

Page 2 of 2

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