Document:

EXHIBIT 10.23

             FIRST AMENDMENT TO EMPLOYMENT AGREEMENT - BRAD PETERS

      This First Amendment to Employment Agreement - Brad Peters (this "First
 Amendment") is made effective as of September 1, 2005 and is entered into by
 and between Integrated  Performance Systems,  Inc., a  New York  corporation
 (the "Company") and Brad Peters (the "Employee").

      WHEREAS, the Company and  the Employee have  entered into that  certain
 Employment Agreement - Brad Peters dated  effective as of November 30,  2004
 (the "Base Agreement"); and

      WHEREAS, the parties hereto desire to  amend and supplement certain  of
 the terms and provisions of the Base Agreement.

      NOW THEREFORE, for and in consideration of the mutual covenants  herein
 contained, it is hereby agreed as follows:

      1.   Section 3.A. of the Base Agreement is amended to increase the base
 salary of the Employee from $85,000 per year to $120,000 per year, effective
 with the payroll commencing on September 1, 2005.

      2.   Section 3 is hereby amended to  provide a new subsection E,  which
 new subsection E will be as follows:

      E.   Bonus

           Commencing with the fiscal year ending July 31, 2006, the Employee
           shall participate  in  a  Company Management  Incentive  Plan,  as
           approved and amended by the Board from time to time, and which  is
           designed to deliver an annual bonus consistent with current levels
           established  for  this  position  by  the  Board.  Employee  shall
           periodically meet  with the  Board to  establish quantitative  and
           qualitative  initiatives  and  objectives   for  the  purpose   of
           assessing the amount of bonus to be paid to Employee at the end of
           the associated bonus period. Bonus for the remaining term of  this
           Agreement shall be  a percentage (the  "bonus percentage") of  the
           "bonus base amount."

           The "bonus base amount" is the  annual revenue of the Company  for
           the previous fiscal  year, less expenses  associated with  tooling
           and testing. The applicable bonus percentages are as follows:

              Bonus Base Amount         Bonus Percentages
              -----------------         -----------------
              $0  - $20 million                  0%
              $20 - $30 million                0.2%
              $30 - $40 million                0.1%
              Over $40 million                0.05%

           The bonus amount calculated pursuant to the above shall be paid in
           four (4) equal quarterly installments as follows:

                -----------------------------------
                25% of bonus             October 31
                -----------------------------------
                25% of bonus             January 31
                -----------------------------------
                25% of bonus             April 30
                -----------------------------------
                25% of bonus             July 31
                -----------------------------------

           Example:  The following example illustrates the application of the
           above bonus structure  assuming annual revenue,  less tooling  and
           testing, of $50 million:

        Bonus Base         Bonus                              Bonus
          Amount        Percentage       Calculation          Amount
    -----------------   ----------    ------------------      -------
    $0 - $20 million          0%      0% X $20 million             $0
    $20 - $30 million       0.2%      0.2% X $10 million      $20,000
    $30 - $40 million       0.1%      0.1$ X $10 million      $10,000
    $40 - $50 million       0.05%     0.05%X$10 million        $5,000
                                                              -------
                                      TOTAL BONUS             $35,000

      3.   Section 5  of the  Base  Agreement is  amended  to provide  a  new
 sentence at the end as follows: "During the term of this Agreement, Employee
 shall receive  an automobile  allowance of  Four  Hundred Fifty  and  No/100
 Dollars ($450.00)  per month  for any  month  in which  he does  not  retain
 control of a Company provided vehicle."

      4.   Section 7.B.2.(c) of the Base Agreement shall be amended to delete
 the second  paragraph  thereof and  replace  such second  paragraph  in  its
 entirety with the following:

           If, contemporaneously with any such change in control, or during a
 two year period subsequent  to a change in  control, Employee is  terminated
 without cause, or Employee terminates for Good Reason, the Company shall (i)
 pay Employee regular  pay through the  date of  termination, including  pro-
 rated bonus for partial year; (ii) pay Employee a lump sum payment equal  to
 (A) 35 months  of Employee's then  current annualized salary,  plus (B)  the
 aggregate annual bonus compensation paid for preceding 2.9 full years or 2.9
 times the target bonus  for the year of  termination, whichever is  greater;
 (iii) vest  all  outstanding  stock  options;  and  (iv)  provide  continued
 participation in medical, dental, life and disability insurance benefits  at
 same premium cost in effect for active employees for 2.9 years.

 5.   Section 17 of the Base Agreement shall be amended to replace the notice
 party for the Company with the following: Brad Jacoby, President, 901
 Hensley Lane, Wylie, Texas  75098

 6.   Other than as modified herein, all the terms and provisions of the Base
 Agreement shall remain in full and effect.

      EXECUTED as of the date first set forth above.

 COMPANY:                                EMPLOYEE:

 Integrated Performance Systems, Inc.    Brad Peters

 By:_____________________________        ______________________________
       Brad Jacoby, President                 Brad Peters, individuallyexv10w1

 

Exhibit 10.1

AMENDED AND RESTATED CREDIT FACILITY AGREEMENT

AMENDMENT NUMBER 1

     This AMENDED AND RESTATED CREDIT FACILITY AGREEMENT AMENDMENT NUMBER 1 (“Amendment”) is made
as of the 30th day of December, 2005, by and among PHOENIX FOOTWEAR GROUP, INC., a
corporation formed under the laws of the State of Delaware (“Borrower”) and MANUFACTURERS AND
TRADERS TRUST COMPANY (“Agent”), a New York banking corporation, with offices at 255 East Avenue,
Rochester, New York 14604 as administrative agent for the Lenders, and each of the LENDERS (defined
in the Agreement described below).

     This Amendment amends the Amended and Restated Credit Facility Agreement (“Credit Agreement”)
dated as of August 3, 2005 made between Borrower, the Agent, and the Lenders described therein.

     1. The definition of “Bridge Loan Maturity Date” contained in Section 1.1 of the Credit
Agreement is hereby amended to read in its entirety as follows:

“Bridge Loans Maturity Date” means January 31, 2006.

     2. In connection with this Amendment the Borrower agrees to pay to the Bank an amendment fee
of $10,000 as well as the Bank’s legal fees in connection herewith.

     3. All other terms of the Credit Agreement shall remain in full force and effect.

     4. Borrower represents and warrants that no Event of Default, or event that with the giving of
notice or the passage of time or both would constitute an Event of Default, under the Credit
Agreement has occurred and is continuing.

     IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.

[Signature Pages Follow]

1

 

MANUFACTURERS AND TRADERS TRUST COMPANY,

as Administrative Agent

	 	 	 	 	 	 	 
	By:

	 	 
	 	/s/ John C. Morsch
	 	 
	 	 	 	 	 
	 

	 	 	 	John C. Morsch

Vice President	 	 
	 
	 	 	 	 	 	 
	PHOENIX FOOTWEAR GROUP, INC.	 	 
	 
	 	 	 	 	 	 
	By:

	 	 
	 	/s/ Richard E. White
	 	 
	 	 	 	 	 
	 

	 	 	 	Richard E. White

Chairman	 	 

2Exhibit 10.1

		
	Exhibit 10.1

	 
	 
	AMENDMENT TO

DIMON INCORPORATED COMPENSATION DEFERRAL PLAN

	 
	 
	          WHEREAS, Alliance One International, Inc. (the “Employer”), as successor in interest to DIMON Incorporated, is the sponsor of the DIMON Incorporated Compensation Deferral Plan (the “Deferral Plan”); and

	 
	          WHEREAS, the Employer has retained the right to amend or modify the Deferral Plan; and

	 
	          WHEREAS, there is only one Participant who has deferred compensation under the Plan, and there have been no deferrals in 2005; and

	 
	          WHEREAS, the Employer desires to freeze the Deferral Plan in light of the new deferred compensation rules of Section 409A of the Internal Revenue Code of 1986, as amended;

	 
	          NOW, THEREFORE, the Deferral Plan is hereby amended as set forth below, effective December 30, 2005:

	 
	1.

	A new sentence shall be added at the end of Section 4 of the Deferral Plan, which shall read as follows:

	 	 
	 	“Notwithstanding the foregoing, participation in the Plan is frozen as of December 31, 2004.”

	 	 
	2.

	A new paragraph shall be added at the end of Section 5 of the Deferral Plan, which shall read as follows:

	 	 
	 	“Notwithstanding the foregoing, the Plan is frozen as of December 31, 2004, and no compensation or award may be deferred under the Plan after such date.”

	 	 
	3.

	A new paragraph (g) shall be added at the end of Section 6 of the Deferral Plan, which shall read as follows:

	 	 
	 	          “(g)   No Deferrals after December 31, 2004.  Notwithstanding the foregoing provisions of this Section 6, Participant Deferral Accounts shall not be credited with any amounts after December 31, 2004, with respect to compensation or award deferrals.  Credits and debits to Deferral Accounts after December 31, 2004 shall be limited to amounts representing (i) hypothetical income (including but not limited to dividend equivalents); (ii) appreciation and depreciation in the value of the Deferral Accounts; and (iii) benefit payments under the Plan.”

	 	 
	4.

	Capitalized words not otherwise defined in this Amendment shall have the definitions attributed to them in the Deferral Plan.

	 
	-1-

		
	 
	 
	 
	 
	
                IN
        WITNESS WHEREOF, Alliance One International, Inc. has, by an authorized
        officer, executed this amendment on this the 30th day of December, 2005.

    
	 
	 
	 	
      ALLIANCE ONE INTERNATIONAL,
        INC.

    
	 	 
	 	
      By:  /s/  Michael
        K. McDaniel                     

    
	 	
      Name:   Michael
        K. McDaniel

    
	 	
      Title:     Senior
        Vice President – 

                      Human
        Resources

    
	 
	 
	
      -2-

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