Document:

Joinder Agreement and Eighth Amendment to Loan and Security Agreement

 Exhibit 10.2 
 JOINDER AGREEMENT AND EIGHTH AMENDMENT TO 
 LOAN AND SECURITY AGREEMENT 
 THIS JOINDER AGREEMENT AND EIGHTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Agreement”) is made and entered into as of the 12th day of September, 2006, among FCC, LLC, d/b/a First Capital, a Florida limited liability company (“Lender”),
FOREFRONT GROUP, INC., a Florida corporation formerly known as Datrek Professional Bags, Inc. (“Forefront Group”), MILLER GOLF COMPANY, a Florida corporation formerly known as Miller Acquisition, Inc. (“Miller”),
and FOREFRONT BURTON, INC., a Florida corporation (“Forefront Burton”; Forefront Group, Miller and Forefront Burton are referred to herein individually as a “Borrower” and collectively as the “Borrowers”).

 WITNESSETH: 
 WHEREAS, Forefront Group, Miller and Lender entered into that certain Loan and Security Agreement dated as of October 15, 2004 (as amended,
restated, supplemented or otherwise modified from time to time, the “Loan Agreement”); and 
 WHEREAS, Forefront Group and Miller
have requested that Lender consent to the formation of Forefront Burton and the acquisition by Forefront Burton of certain assets and the assumption of certain liabilities of BURTON GOLF, INC., a Florida corporation (“Seller”), pursuant to
that certain Asset Purchase Agreement of even date herewith among Forefront Burton, Forefront Holdings, Inc., a Florida corporation formerly known as Datrek Miller International, Inc., Seller, Donald Ochsenreiter and Terry Andre (the “Asset
Purchase Agreement”; the Asset Purchase Agreement and all agreements, documents, certificates and other items executed and/or delivered in connection therewith are referred to herein as the “Acquisition Documents”); and 
 WHEREAS, Borrowers have requested that Lender finance the transaction contemplated by the Acquisition Documents (the “Acquisition”) and that
Lender include the accounts receivable and other assets of Forefront Burton in the borrowing base described in the Loan Agreement to the extent that such assets satisfy the eligibility standards set forth therein; and 
 WHEREAS, Lender is willing to grant such consent and provide such financing (subject to the terms and conditions of the Loan Agreement) so long as
Forefront Burton becomes an additional borrower under the Loan Agreement and causes Lender to have a perfected, first-priority security interest in all of its assets; and 
 WHEREAS, Forefront Burton is willing to join the Loan Agreement as an additional borrower; and 

 WHEREAS, Borrowers and Lender desire to amend the Loan Agreement as set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing premises, and other good and valuable consideration, the receipt and legal sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Defined Terms. All capitalized terms used herein and not
otherwise expressly defined herein shall have the respective meanings given to such terms in the Loan Agreement. 
 2. Amendment to Loan
Agreement. The Loan Agreement is amended by deleting clause (d) of the definition of “Eligible Accounts” set forth in Section 1 and inserting the following in lieu thereof: 
 (d) Accounts with respect to which the Customer (i) does not maintain its chief executive office in the United States, or
(ii) is not organized under the laws of the United States of America or any state thereof; or (iii) is the government of any foreign country or of any state, province, municipality, or other political subdivision thereof; except to the
extent that such Account is secured or payable by a letter of credit satisfactory to Lender in its discretion; provided, however, that Accounts owing by Customers with their chief executive office in Canada or which are organized under the
laws of Canada or any province thereof shall not be ineligible under this paragraph to the extent that such Accounts do not exceed, in the aggregate, the lesser of (y) 10% of the dollar amount of total Eligible Accounts, and (z) $500,000;

 3. Joinder of Forefront Burton as a Borrower. The Loan Agreement is hereby amended such that each reference to “Borrower”
thereunder shall be deemed to be a reference to each Borrower. Forefront Burton hereby acknowledges and agrees that (a) it is familiar with the Loan Agreement and the other Loan Documents, and (b) from and after the date hereof, it is
jointly and severally liable with Forefront Group and Miller for all outstanding Obligations. Borrowers acknowledge and agree that Lender is making an accommodation to Borrowers by permitting the addition of Forefront Burton to the Loan Agreement as
an additional borrower by means of this Agreement, rather than requiring that Borrowers incur the cost and expense of amending and restating the Loan Agreement. Accordingly, each reference in the Loan Agreement to “Borrower” shall be
construed in the manner most favorable to Lender in determining whether such reference applies to all Borrowers or to any Borrower. For example, the grant of the security interest set forth in Section 5(a) of the Loan Agreement shall be
construed to be a grant of a security interest by each Borrower, while Section 13(a)(vi) of the Loan Agreement shall be construed such that a Default shall exist if any Borrower becomes insolvent or institutes (or has instituted against it) a
bankruptcy proceeding. 
 4. Grant of Security Interest by Forefront Burton. Without limiting the generality of Section 3 above,
Forefront Burton hereby pledges, assigns and grants to Lender, for the benefit of 
  

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 itself and its Affiliates, a lien on and security interest in all right, title and interest of Forefront Burton in and to
the Collateral (including, without limitation, all of Forefront Burton’s accounts, inventory, equipment, general intangibles, chattel paper, goods, instruments, investment property, letter-of-credit rights, letters of credit and deposit
accounts (as such terms are defined in the UCC), in each case whether now owned or existing or hereafter acquired or arising) as security for all of the Obligations. 
 5. Representations and Warranties Regarding Seller, Forefront Burton and Acquisition. Borrowers represent and warrant to Lender as follows: 
 (a) the following information is true and correct with respect to Seller: 
 Exact Legal Name: Burton Golf, Inc. 
 Type of Organization: Corporation 
 State of Organization: Florida 
 State Organizational Identification Number: P00000003455 
 (b) The chief executive office and substantially all of the property of Seller is located at 654 Anchors Street, Fort Walton Beach, Florida 32548. Other than the address specified in this clause (b), Seller has
not maintained its chief executive office or any property at any other location in the past five years. 
 (c) The following information is
true and correct with respect to Forefront Burton: 
 Exact Legal Name: Forefront Burton, Inc. 
 Type of Organization: Corporation 
 State of Organization: Florida 
 State Organizational Identification Number: P06000112133

 (d) The chief executive office of Forefront Burton is located at 835 Bill Jones Industrial Drive, Springfield, Tennessee 37172.

 (e) Forefront Burton is duly organized and validly existing under the laws of its state of organization; the execution, delivery, and
performance of this Agreement, the Loan Agreement and the other Loan Documents to which Forefront Burton is a party are within Forefront Burton’s corporate powers, have been duly authorized, do not violate Forefront Burton’s constituent
documents or any law or regulation, including without limitation, any law or regulation relating to occupational health and safety or protection of the environment, applicable to Forefront Burton, or any indenture, agreement, or undertaking to which
Forefront Burton is a party or by which Forefront Burton or Forefront Burton’s property is bound; and this Agreement, the Loan Agreement and the other Loan Documents to which Forefront Burton is a party constitute valid, binding and enforceable
obligations of Forefront Burton in accordance with the terms hereof and thereof, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, moratorium or other similar laws applicable to creditors’ rights
generally or by generally applicable equitable principles affecting the enforcement of creditors’ rights. 
  

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 (f) Forefront Group owns 100% of the outstanding capital stock of Forefront Burton, and Forefront Burton
has no subsidiaries. 
 (g) Borrowers have furnished to Lender true, complete and correct copies of all of the Acquisition Documents
(including any schedules, exhibits and annexes thereto) as in effect on the date hereof. None of the Acquisition Documents has been amended, supplemented or modified, and the Acquisition Documents constitute the complete understanding among the
parties thereto in respect of the Acquisition and the other matters and transactions covered thereby. Each Acquisition Document has been duly executed and delivered by the parties thereto and is a legal, valid and binding obligation of each such
party, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally or by general equitable principles. 
 (h) On the date hereof, the transactions contemplated by the Acquisition Documents will have been consummated in accordance with all applicable laws and,
except as consented to in writing by Lender, in the manner provided therein in accordance with the terms thereof without any material waivers or amendments thereto, and each of the material conditions to such consummation set forth in the
Acquisition Documents shall have been fulfilled without any waiver of any thereof. 
 6. Multiple Borrower Matters. 
 (a) Borrowers’ Agent. Borrowers hereby appoint Forefront Group, and Forefront Group shall act under the Loan Agreement and the other Loan
Documents as, the agent, attorney-in-fact and legal representative of all Borrowers for all purposes, including requesting advances and receiving account statements and other notices and communications to Borrowers (or any of them) from Lender.
Lender may rely, and shall be fully protected in relying, on any request for an advance, disbursement instruction, report, information or any other notice or communication made or given by Forefront Group, whether in its own name, as Borrowers’
Agent, or on behalf of one or more Borrowers, and Lender shall not have any obligation to make any inquiry or request any confirmation from or on behalf of any other Borrower as to the binding effect on it of any such request, instruction, report,
information, other notice or communication, nor shall the joint and several character of Borrowers’ obligations under the Loan Agreement and the other Loan Documents be affected, provided, that the provisions of this paragraph shall not be
construed so as to preclude any Borrower from taking actions permitted to be taken by a “Borrower” under the Loan Agreement or any other Loan Document. 
 (b) Joint and Several Liability. 
 (i) All loan advances made to or for the benefit of Borrowers by
Lender and all of the other Obligations of Borrowers, including all interest, fees, costs and 
  

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 expenses with respect thereto, shall constitute one joint and several direct and general obligation of all Borrowers.
Notwithstanding anything to the contrary contained herein or in any other Loan Document, each Borrower shall be jointly and severally, with each other Borrower, directly and unconditionally liable to Lender for all Obligations, it being understood
that the advances to each Borrower inure to the benefit of all Borrowers, and that Lender is relying on the joint and several liability of Borrowers as co-makers in extending the loans under the Loan Agreement. Each Borrower hereby unconditionally
and irrevocably agrees that upon default in the payment when due (whether at stated maturity, by acceleration or otherwise) of any principal of, or interest on, any Obligation payable to Lender, it will forthwith pay the same, without notice or
demand, unless such payment is then prohibited by application of law (provided such Obligation shall not be extinguished by any such prohibition). 
 (ii) No payment or payments made by any Borrower or any other Person or received or collected by Lender from any Borrower or any other Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or
from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of each Borrower under this Agreement and the Loan Agreement, and each Borrower shall remain liable for
all of the other Obligations until all of the Obligations are paid in full. 
 (c) Obligations Absolute. Each Borrower agrees that the
Obligations will be paid strictly in accordance with the terms of the Loan Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of Lender with respect thereto,
unless such payment is then prohibited by applicable law (provided such Obligation shall not be extinguished by any such prohibition). All Obligations shall be conclusively presumed to have been created in reliance hereon, and Lender’s consent
to the creation of Forefront Burton shall be conclusively presumed to have been granted in reliance hereon. The Obligations and other liabilities under the Loan Agreement and the other Loan Documents shall be absolute and unconditional irrespective
of: (i) any lack of validity or enforceability of any Loan Document or any other agreement or instrument relating thereto; (ii) any change in the time, manner or place of payments of, or in any other term of, all or any part of the
Obligations, or any other amendment or waiver thereof or any consent to departure therefrom, including any increase in the Obligations resulting from the extension of additional credit to any Borrower or otherwise; (iii) any taking, exchange,
release of or non-perfection in any Collateral, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the Obligations; (iv) any change, restructuring or termination of the corporate structure or
existence of any Borrower; or (v) any other circumstance which may otherwise constitute a defense available to, or a discharge of, any Borrower. The Loan Agreement and the other Loan Documents shall continue to be effective or be reinstated, as
the case may be, if at any time any payment of any of the Obligations is rescinded or must otherwise be returned by Lender upon the insolvency, bankruptcy or reorganization of any Borrower or otherwise, all as though such payment had not been made.

  

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 (d) Waiver of Suretyship Defenses. Each Borrower agrees that the joint and several liability of
Borrowers provided for in this Agreement shall not be impaired or affected by any modification, supplement, extension or amendment of any contract or agreement to which one or more other Borrowers may hereafter agree (other than an agreement signed
by Lender specifically releasing such liability), nor by any delay, extension of time, renewal, compromise or other indulgence granted by Lender with respect to any of the Obligations, nor by any other agreements or arrangements whatever with one or
more other Borrowers or with any other Person, each Borrower hereby waiving all notice of such delay, extension, release, substitution, renewal, compromise or other indulgence, and hereby consenting to be bound thereby as fully and effectually as if
it had expressly agreed thereto in advance. The liability of each Borrower is direct and unconditional as to all of the Obligations and may be enforced without requiring Lender first to resort to any other right, remedy or security. Each Borrower
hereby expressly waives promptness, diligence, notice of acceptance and any other notice (except to the extent expressly provided for herein or in another Loan Document) with respect to any of the Obligations, this Agreement, the Loan Agreement or
any other Loan Document and any requirement that Lender protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against any Borrower or any other Person or any Collateral, including any
rights any Borrower may otherwise have under Section 10-7-24 of the Official Code of Georgia Annotated or any successor statute or any analogous statute in any jurisdiction under the laws of which any Borrower is incorporated or in which any
Borrower conducts business. 
 (e) Contribution and Indemnification among Borrowers. Each Borrower is obligated to repay the
Obligations as joint and several obligors under the Loan Agreement and the other Loan Documents. To the extent that any Borrower shall, under the Loan Agreement or any other Loan Document as a joint and several obligor, repay any of the Obligations
constituting advances made to another Borrower or other Obligations incurred directly and primarily by any other Borrower (an “Accommodation Payment”), then, to the extent that such Borrower has not received the benefit of such repaid
Obligations (whether through an inter-company loan or otherwise), the Borrower making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the other Borrowers in an amount, for each of
such other Borrowers, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Borrower’s “Allocable Amount” (as defined below) and the denominator of which fraction is the sum of the Allocable
Amounts of all of the Borrowers. As of any date of determination, the “Allocable Amount” of each Borrower shall be equal to the greater of (i) the amount of such repaid Obligations actually received by such Borrower (whether through
an inter-company loan or otherwise), and (ii) the maximum amount of liability for Accommodation Payments which could be asserted against such Borrower hereunder without (A) rendering such Borrower “insolvent” within the meaning
of Title 11 of the United States Code (the “Bankruptcy Code”), Section 2 of the Uniform Fraudulent Transfer Act (the “UFTA”), or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”), (B) leaving
such Borrower with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 4 of the UFCA, or (C) leaving such Borrower unable to pay its debts as they
become due within the 
  

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 meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA. All rights
and claims of contribution, indemnification and reimbursement under this paragraph shall be subordinate in right of payment to the prior payment in full of the Obligations. 
 7. Consents by Lender Regarding Creation of Forefront Burton and Acquisition. Notwithstanding the restrictions set forth in Section 8(f) of
the Loan Agreement that would otherwise prohibit the creation of Forefront Burton and the consummation of the Acquisition, Lender hereby consents to the creation of Forefront Burton and to the consummation of the Acquisition on the terms and
conditions set forth in the Acquisition Documents in the form delivered to Lender on or prior to the date hereof. Borrowers acknowledge and agree that such consents shall not entitle any Borrower to any future consent or waiver and shall not be
construed to create a course of dealing between Borrowers and Lender. 
 8. Notices to Borrowers. Borrowers hereby notify Lender that
all notices to Borrowers in connection with the Loan Agreement and the other Loan Documents should be addressed to Borrowers as follows: 
 Forefront Group, Inc. 
 835 Bill Jones Industrial Way 
 Springfield, Tennessee 
 Attention: Randall J. Frapart 
 Facsimile Number: 615-384-1290 
 With a copy to: 
 Adorno & Yoss LLP 
 2525 Ponce de Leon Boulevard 
 Suite 400 
 Miami, Florida 33134 
 Attention: Carlos A. Mas, Esq. 
 Facsimile Number: 305-503-8901 
 9. Conditions Precedent. The effectiveness of this Agreement (including the consent by Lender set forth above) is conditioned upon the satisfaction of the following conditions precedent, in each case in a manner and pursuant to
documentation in form, substance and effect satisfactory to Lender in its sole discretion: 
 (a) Lender’s receipt of a
duly executed original of this Agreement from Borrowers; 
 (b) Lender’s receipt of evidence satisfactory to Lender that
Lender has a perfected, first-priority security interest in the assets of Forefront Burton, subject to no other Liens; 
  

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 (c) Lender’s receipt of a subordination agreement, in form and substance acceptable
to Lender, with respect to Forefront Burton’s and Parent’s respective obligations under the Acquisition Documents (including all obligations with respect to earnout payments, if any); 
 (d) such other landlord’s waivers, instruments, documents, agreements, certificates, acknowledgments, and other items as Lender may
reasonably request. 
 10. Post-Closing Requirement. Borrowers covenant and agree with Lender that Borrowers shall deliver to Lender
(a) not later than September 15, 2006, evidence satisfactory to Lender that all of the Collateral of Forefront Burton after giving effect to the Acquisition is covered by insurance of types and in amounts satisfactory to Lender, together
with documentation acceptable to Lender that causes Lender to be an additional insured and loss payee on such policies, and (b) not later than October 15, 2006, a good standing certificate from the Secretary of State of the State of
Tennessee evidencing that Forefront Burton has duly qualified to do business as a foreign corporation in the State of Tennessee by such date. 
 11. Reaffirmation of Representations and Warranties. Borrowers hereby restate, ratify and reaffirm each and every term, condition representation and warranty heretofore made by them under or in connection with the execution and
delivery of the Loan Agreement, as amended hereby, and the other Loan Documents, as fully as though such representations and warranties had been made on the date hereof and with specific reference to this Agreement and the Loan Documents.

 12. No Other Changes. Except as set forth herein, the Loan Agreement shall be and remain in full force and effect as originally
written, and shall constitute the legal, valid, binding and enforceable obligation of Borrowers to Lender. 
 13. Costs and Expenses.
In consideration of the accommodations made by Lender hereunder, Borrowers jointly and severally agree to pay to Lender (a) an amendment fee of $20,000 on the date hereof and (b) on demand all costs and expenses of Lender in connection
with the preparation, execution, delivery and enforcement of this Agreement and the other Loan Documents and any other transactions contemplated hereby and thereby, including, without limitation, the fees and out-of-pocket expenses of legal counsel
to Lender. Such amendment fee shall be fully earned on the date hereof and is not subject to refund or rebate. Such amendment fee constitutes a fee for services and is not interest or a charge for the use of money. 
 14. No Default. To induce Lender to enter into this Agreement, Borrowers hereby represent and warrant that, as of the date hereof, and after
giving effect to the terms hereof, there exists no Default under the Loan Agreement or any of the other Loan Documents. The breach of any representation, warranty, covenant or agreement by one or more Borrowers hereunder shall constitute a Default
under the Loan Agreement. 
 15. Counterparts. This Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same instrument. 
  

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 16. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the
successors and permitted assigns of the parties hereto. 
 17. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Georgia, other than its laws respecting choice of law. 
 [SIGNATURES ON NEXT PAGE] 
  

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 IN WITNESS WHEREOF, Borrowers and Lender have caused this Agreement to be duly executed as of the date
first above written. 
  

			
	 FOREFRONT GROUP, INC., a Florida corporation
 formerly known as Datrek Professional Bags, Inc.

		
	By:	 	 /s/ Michael S. Hedge

	Name:	 	Michael S. Hedge
	Title:	 	President
	
	 MILLER GOLF COMPANY, a Florida corporation
 formerly known as Miller Acquisition, Inc.

		
	By:	 	 /s/ Michael S. Hedge

	Name:	 	Michael S. Hedge
	Title:	 	President
	
	FOREFRONT BURTON, INC. a Florida corporation
		
	By:	 	 /s/ Michael S. Hedge

	Name:	 	Michael S. Hedge
	Title:	 	President
	
	FCC, LLC, d/b/a First Capital
		
	By:	 	 /s/ Brian J. Cuttic

		 	Brian J. Cuttic, Executive Vice President

  

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 The undersigned acknowledges the foregoing and agrees that the Information and Support Agreement to which the undersigned
is party dated as of October 15, 2004 in favor of Lender remains in full force and effect, subject to no right of offset, claim or counterclaim. 
  

			
	 /s/ Michael Hedge

	MICHAEL HEDGE
	
	STANFORD INTERNATIONAL BANK LIMITED
		
	By:	 	 /s/ James M. Davis

	Name:	 	James M. Davis
	Title:	 	Chief Financial Officer

 The undersigned acknowledges the foregoing and agrees that the Guaranty of the undersigned dated as of
October 15, 2004 in favor of Lender remains in full force and effect, subject to no right of offset, claim or counterclaim. 
 FOREFRONT HOLDINGS, INC.,
a Florida corporation 
 formerly known as Datrek Miller International, Inc. 
  

			
	By:	 	 /s/ Michael S. Hedge

	Name:	 	Michael S. Hedge
	Title:	 	Chief Executive Officer

  

 11Offer Letter with Hildy Shandell dated August 30, 2006

 EXHIBIT 10.1 
 [GENESIS LETTERHEAD] 
 August 30, 2006 
 Hildy Shandell 
 [ADDRESS] 
 Dear Hildy, 
 We are pleased to offer you an “at-will” employment opportunity with Genesis Microchip Inc. (“Genesis” or the “Company”) as Senior Vice President, Corporate Development, reporting to the Company’s Chief
Executive Officer. You should note that the Company may modify job titles, salaries and benefits from time to time as it deems necessary. However, your salary and benefits would only be reduced as part of a company-wide program where all similarly
situated executives are treated in the same manner. The terms of our offer of employment are outlined below. 
 During your employment with the Company, your
monthly gross salary will be $21,667 payable in accordance with the Company’s normal payroll practice (currently salary is paid semi-monthly), less applicable withholding taxes. In addition, you will receive a $100,000 sign-on bonus (subject to
applicable tax withholding) payable in two installments. The first installment of $75,000 (subject to applicable tax withholding) will be paid within thirty (30) days of commencing employment. The second installment of $25,000 (subject to
applicable tax withholding and your continuing to be an employee of Genesis through the date of payment) will be paid in April 2007. If you should voluntarily terminate your Genesis employment prior to completing one year of service from the time of
a bonus payment, that payment would be fully repayable to Genesis, and will be due on your date of termination. You will also receive a $600 per month taxable car allowance (paid semi-monthly and subject to applicable withholding taxes). 

You will also be eligible for participation in our Corporate Bonus Plan for our fiscal year 2007, which commenced on April 1, 2006. Your targeted bonus under
this Plan, expressed as a percentage of your annual base salary, will be a minimum of 25% (assuming 100% achievement of individual and Bonus Plan financial objectives). Your targeted bonus increases to 50% of your annual base salary at 110%
achievement of both individual and Bonus Plan financial objectives. Under the Bonus Plan, 75% of your targeted FY2007 bonus will be based solely upon achievement of your individual objectives and will not be dependent upon achievement of Company
financial objectives. You will receive additional information on our FY2007 Corporate Bonus Plan shortly after you commence employment, and in all respects will be subject to the terms and conditions of such Corporate Bonus Plan. 

 Ms. Hildy Shandell 
 August 30, 2006 
 Page 2 
 Furthermore, subject to the approval of the Board of Directors, you will be offered a stock option for 45,000
shares under our 2000 Nonstatutory Stock Option Plan (copy attached) with an exercise price equal to the fair market value of our common stock on the date of grant (the “Initial Option”). Please be aware that your stock option and other
compensation information are expected to be publicly disclosed pursuant to SEC and/or NASDAQ regulations. Your Initial Option is expected to be approved no later than the first Board of Directors meeting after your date of hire. The date of Board
approval of the Initial Option will be its date of grant, unless the date of approval falls within a closed trading window under our Insider Trading Policy, in which case the date of grant shall be the date that the trading window reopens under said
Policy. The Initial Option will vest over 3 1/2 years from the date of employment commencement, with 25% of the
shares subject to the option vesting at the end of six months of employment, and 1/36 of the remaining shares subject to the option vesting each month thereafter over the subsequent 36 months, subject to your continued employment with Genesis
through the applicable vesting date. You will be informed when the Initial Option has been approved by the Board of Directors, and the details of the Initial Option. 
 In addition and subject to the approval of the Board of Directors, you will be granted 50,000 Restricted Stock Units (the “Initial RSUs”) under our 1997 Employee Stock Option Plan, amended as of
September 19, 2005 (copy attached), to be settled in shares of Genesis common stock on the vesting date with a purchase price of $0.001 per share, which will be considered paid with past services rendered. The Initial RSUs will vest over 3 1/2 years from the date of employment commencement, with 25% of the RSUs vesting at the end of six months of
employment, and your remaining unvested RSUs vesting quarterly in equal amounts over the next twelve (12) quarters, subject to your continued employment with Genesis through the applicable vesting date. A tax withholding requirement may apply
at the time RSUs vest. You will be informed when the Initial RSUs have been approved by the Board of Directors. 
 On your date of hire, you and
Genesis will execute the attached Change of Control Agreement. 
 You will be entitled to 15 days paid time off during your first year of employment, which
such amount shall increase by one day per year of service, pursuant to the Company’s policy. Commencing on your first day of employment with the Company, you will be eligible to enroll in the Company’s group health insurance plan, without
any exclusion for preexisting conditions as required by applicable law or as otherwise permitted by the terms of the plan. 
 Genesis will also reimburse you
up to $4,000 for legal fees you incur as a result of negotiating, preparing and executing this employment agreement. Any reimbursement is subject to you joining the Company and submitting any applicable legal expenses within thirty (30) days of
commencing employment. 
 Also, as a condition of your employment with us, you must sign our Confidentiality Agreement, Code of Business Conduct and Ethics,
and Insider Trading Policy. We have enclosed these documents herewith and would ask that you sign and return them, along with one copy of your acceptance of our offer, to Human Resources in the Alviso office. You may not begin employment with us
until we receive a signed copy of these documents and a signed acceptance of this offer of employment. 

 Ms. Hildy Shandell 
 August 30, 2006 
 Page 3 
 For purposes of federal immigration law, you will be required to provide to the Company documentary evidence
of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 
 We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility
to be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you represent that such is the case.
Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or
becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third party confidential information to the Company, and in
performing your duties for the Company, you will not in any way utilize any such information. 
 Your employment with Genesis is at-will. This means that
neither you nor Genesis has entered into a contract regarding the duration of your employment. You are free to terminate your employment with Genesis at any time, with or without reason. Likewise, Genesis has the right to terminate your employment,
or otherwise discipline, transfer, demote you or otherwise alter the terms and conditions of your employment at any time, with or without cause, and with or without notice, at the discretion of Genesis. 
 In the event that Genesis terminates your employment within three (3) years of the date your employment with Genesis commences, for reasons other than for
“Cause” (as such term is defined in the attached Change of Control Severance Agreement) or your death or disability, and such termination is not associated with a Change of Control such that you would not be entitled to receive any
severance benefits under the Change of Control Severance Agreement, then, subject to your signing and not revoking a separation agreement and release of claims in a form reasonably acceptable to Genesis, you will be entitled to the following
benefits: (1) severance payments equal to twelve (12) months of your then-current monthly base salary (subject to applicable tax withholding), (2) a pro-rated bonus (subject to applicable tax withholding) based upon the number of
months you participated in the then-current fiscal year’s annual bonus plan, calculated assuming 100% achievement of individual and corporate plan objectives, (3) one-year vesting acceleration of all unvested RSUs, if any,
(4) one-year vesting acceleration of all unvested options, if any, and (5) reimbursement of twelve (12) months of COBRA benefit continuation. Your severance payments and/or related benefits will in no event start before the earliest
date permitted by Section 409A(a)(2) of the Internal Revenue Code. If the commencement of the severance payments and/or related benefits must be delayed, then the deferred installments will be paid to you in a lump sum on the earliest
practicable date permitted 

 Ms. Hildy Shandell 
 August 30, 2006 
 Page 4 
 by Section 409A(a)(2). You will not be required to mitigate the amount of any payment contemplated by
this letter, nor will any such payment be reduced by any earnings that you may receive from any other source. 
 To accept the Company’s offer, please
sign and date this letter in the space provided below. This letter, along with the Confidentiality Agreement, any other agreements relating to proprietary rights between you and the Company and all other documents referenced in this letter, set
forth the terms of your employment with the Company and supersede any prior representations or agreements, including, but not limited to, our letter agreement dated May 1, 2006, and any representations made during your recruitment, interviews
or pre-employment negotiations, whether written or oral. This letter, including but not limited to its at-will employment provision, may not be modified or amended except by a written agreement signed by you and approved by our Board of Directors.

 This offer of employment will terminate if it is not accepted, signed and returned to Paula Ewanich, our Vice President of Human Resources by 9:00 a.m.
California time on August 31, 2006, and is contingent upon the Company’s completion of a background and reference check, the results of which are satisfactory to the Company, and your commencing employment with us no later than
September 5, 2006. 
 If you should have any questions, please feel free to contact us. We look forward to your joining the Genesis team! 
  

	
	Yours truly,
	
	GENESIS MICROCHIP INC.
	
	 /s/ Paula Ewanich

	Paula Ewanich
	Vice President, Human Resources

  

					
	 /s/ Hildy Shandell
	 		 	 8/31/06

	Acceptance Signature: Hildy Shandell	 		 	Date

 Start Date: September 5, 2006

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