Document:

Amendment No. 12 to the Receivables Purchase Agreement

 Exhibit 4.4 
 AMENDMENT NO. 12 
 to 
 RECEIVABLES PURCHASE AGREEMENT 
 THIS AMENDMENT NO. 12 (this “Amendment”) is entered into
as of January 15, 2006 by and among New School, Inc., as Seller (“Seller”), School Specialty, Inc., as Servicer (“SSI”), Falcon Asset Securitization Corporation (“Falcon”), the Financial
Institutions party hereto, and JPMorgan Chase Bank, N.A. (successor by merger to Bank One, NA (Main Office Chicago), as agent (the “Agent”). 
 PRELIMINARY STATEMENT 
 A. Seller, SSI, Falcon, the Financial Institutions and the Agent are parties to that
certain Receivables Purchase Agreement dated as of November 22, 2000 (as amended, restated, supplemented or otherwise modified from time to time, the “Purchase Agreement”). Capitalized terms used herein and not otherwise
defined shall have the meanings ascribed to them in the Purchase Agreement. 
 B. Seller, SSI, Falcon, the Financial Institutions and the
Agent have agreed to amend the Purchase Agreement, subject to the terms and conditions hereinafter set forth. 
 NOW, THEREFORE, in
consideration of the premises set forth above, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Amendment. Effective as of the date hereof, subject to the satisfaction of the condition precedent set forth in Section 2
below, the Purchase Agreement is hereby amended as follows: 
 1.1 The definition of “Liquidity Termination Date” in Exhibit
I to the Purchase Agreement is restated in its entirety as follows: 
 “Liquidity Termination Date” means
February 15, 2006. 
 SECTION 2. Condition Precedent. This Amendment shall become effective and be deemed effective, as of
the date first above written, upon receipt by the Agent of one copy of this Amendment duly executed by each of the parties hereto. 
 SECTION
3. Covenants, Representations and Warranties of the Seller and the Servicer. 
 3.1 Upon the effectiveness of this Amendment, each of
Seller and SSI hereby reaffirms all covenants, representations and warranties made by it, to the extent the same are not amended hereby, in the Purchase Agreement and agrees that all such covenants, representations and warranties shall be deemed to
have been re-made as of the effective date of this Amendment. 

 3.2 Each of Seller and SSI hereby represents and warrants as to itself (i) that this Amendment
constitutes the legal, valid and binding obligation of such party enforceable against such party in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
the enforcement of creditors’ rights generally and general principles of equity which may limit the availability of equitable remedies and (ii) upon the effectiveness of this Amendment, no event shall have occurred and be continuing which
constitutes an Amortization Event or a Potential Amortization Event. 
 SECTION 4. Reference to and Effect on the Purchase Agreement.

 4.1 Upon the effectiveness of this Amendment, each reference in the Purchase Agreement to “this Agreement,”
“hereunder,” “hereof,” “herein,” “hereby” or words of like import shall mean and be a reference to the Purchase Agreement as amended hereby, and each reference to the Purchase Agreement in any other document,
instrument or agreement executed and/or delivered in connection with the Purchase Agreement shall mean and be a reference to the Purchase Agreement as amended hereby. 
 4.2 Except as specifically amended hereby, the Purchase Agreement and other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby
ratified and confirmed. 
 4.3 The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power
or remedy of Falcon, the Financial Institutions or the Agent under the Purchase Agreement or any of the other Transaction Documents, nor constitute a waiver of any provision contained therein, except as specifically set forth herein. 
 SECTION 5. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS, AND
REMEDIES OF THE PARTIES UNDER THIS AGREEMENT SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 SECTION 6. Execution in
Counterparts. This Amendment 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 taken together
shall constitute but one and the same instrument. 
 SECTION 7. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 
 * * * * * 
  

 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed on the date first set
forth above by their respective officers thereto duly authorized, to be effective as hereinabove provided. 
  

			
	NEW SCHOOL, INC., as Seller
		
	By:	 	 /s/ Mary M. Kabacinski

	Name:	 	Mary M. Kabacinski
	Title:	 	Treasurer
	
	SCHOOL SPECIALTY, INC., as Servicer
		
	By:	 	 /s/ Mary M. Kabacinski

	Name:	 	Mary M. Kabacinski
	Title:	 	Chief Financial Officer
	
	FALCON ASSET SECURITIZATION CORPORATION
		
	By:	 	 /s/ Ronald J. Atkins

	Name:	 	Ronald J. Atkins
	Title:	 	Vice President
	
	JPMORGAN CHASE BANK, N.A.
	(successor by merger to Bank One, NA (Main Office Chicago), as a Financial Institution and as Agent
		
	By:	 	 /s/ Ronald J. Atkins

	Name:	 	Ronald J. Atkins
	Title:	 	Vice President

 Signature Page to 
 Amendment No. 12Revised Summary of Compensation Arrangement - Non-Employee Directors

 Exhibit 10.41 
 REVISED SUMMARY OF COMPENSATION ARRANGEMENT 
 APPLICABLE TO THE COMPANY’S NON-EMPLOYEE
DIRECTORS 
 As of March 9, 2006, the following represents the compensation program for non-employee directors of NMT Medical, Inc.
(the “Company”) who are not otherwise compensated by the Company: 
  

	 	•	 	an option to purchase 20,000 shares of the Company’s Common Stock (the “Common Stock”) upon initial election and an option to purchase 5,000 shares (7,000 shares for
the Company’s Lead Director) of Common Stock annually thereafter upon re-election at the Company’s annual meeting of stockholders; 

  

	 	•	 	following each annual meeting of stockholders, each eligible director who served as a member of a committee of the Board of Directors during the preceding fiscal year is granted an
additional option to purchase (i) 2,000 shares of Common Stock if such director served as chairperson of such committee or (ii) 1,000 shares of Common Stock if such director did not serve as chairperson of such committee;

  

	 	•	 	$15,000 ($18,000 for the Company’s Lead Director) per year for their services as directors; 

  

	 	•	 	$2,000 ($2,500 for the Company’s Lead Director) for each meeting of the Board of Directors that they attend in person; 

  

	 	•	 	$1,000 ($1,250 for the Company’s Lead Director) for each telephonic meeting of the Board of Directors that they participate in; 

  

	 	•	 	$1,000 ($1,500 for each committee chairperson) for each board committee meeting that they attend in person; 

  

	 	•	 	$500 ($750 for each committee chairperson) for each telephonic board committee meeting that they participate in; and 

  

	 	•	 	expense reimbursement for attending Board of Directors and board committee meetings.Revised Summary of Compensation Arrangement - Named Executive Officers

 Exhibit 10.42 
 REVISED SUMMARY OF COMPENSATION ARRANGEMENT 
 APPLICABLE TO THE COMPANY’S NAMED EXECUTIVE
OFFICERS 
 As of March 9, 2006, the following represents the compensation of the executive officers of NMT Medical, Inc. (the
“Company”): 
  

										
	  	  	2006 Compensation
	 Executive Officer
	  	 Annual
 Salary
	  	 Bonus for Work
 Performed in 2005
	 	 	 Shares Underlying
 Stock Options
 Granted in
2005

	 John E. Ahern
President and Chief Executive Officer
	  	$	400,000	  	$	150,000	(1)	 	25,000
	 Richard E. Davis
Vice President and Chief Financial Officer
	  	$	300,000	  	$	100,000	(2)	 	19,000

	(1)	Mr. Ahern’s bonus was paid in accordance with the terms of that certain Amended and Restated Employment Agreement that he entered into with the Company on
December 31, 2002, which is filed as an exhibit to the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 20, 2003. 

	(2)	Mr. Davis’ bonus was paid in accordance with the terms of that certain Amended and Restated Employment Agreement that he entered into with the Company on May 20,
2004, which is filed as an exhibit to the Company’s Quarterly Report on Form 10-Q as filed with the SEC on August 10, 2004.Captaris, Inc. 2006 Incentive Plan

 Exhibit 10.5 
  
 CAPTARIS, INC. 
  
 2006 INCENTIVE PLAN 
  
 The 2006 Incentive Plan (the “Plan”) is an annual cash bonus plan in which the executive officers and certain other employees of Captaris, Inc. (the
“Company”) are eligible to participate. The Plan provides cash bonuses based on the achievement of quarterly and annual goals related to the Company’s performance during fiscal year 2006. 
  
 The Compensation Committee of the Company’s Board of Directors (the “Compensation
Committee”) administers the Plan. The Compensation Committee, in its sole discretion, establishes the performance goal or goals for each participant and the formulae used to determine the actual bonus (if any) payable to each participant under
the Plan. The total amount of funds available under the Plan and the cash target awards for the Company’s executive officers are established by the Compensation Committee. The other employees who participate in the Plan and the cash target
awards for other participants are established by the Company’s management. 
  
 There are two components to the Plan. 
  
 First Component 
  
 The first component of the Plan links payout to achievement of performance goals related to revenue (50%) and operating income (50%). Depending on the level of achievement for each goal, participants in the
aggregate may receive between 0% and 200% of the target amount for revenue and 0% and 250% of target amount for operating income. 
  
 Sixty percent of the total amount of funds available under the Plan for the first component will be awarded based on achievement of annual goals for each of the
components described above. The other forty percent of the funds available under the Plan for the first component will be awarded based on achievement of quarterly goals for each of the components. Payout based on the achievement of quarterly
performance goals for the first component will be accrued and paid out at the same time as payout based on the achievement of annual performance goals. 
  
 Second Component 
  
 The second component of the Plan links payout to achievement of performance goals related to strategic initiatives. Depending on the level of achievement for these goals, the participants in the aggregate may receive
between 0% and 200% of the target amount for this component of the Plan. All funds available under the Plan for the second component will be awarded based on a year end assessment of the achievement of the goals. 
  
 In all cases, payout will be made only if the participant is continuously employed through
December 31, 2006, subject to the Compensation Committee’s sole discretion to determine whether any portion of the bonus will be paid in the event of a participant’s termination of service prior to that date. 

 The Compensation Committee, in its sole discretion, may (a) eliminate, increase or reduce the bonus payable to any
participant above or below that which otherwise would be payable under the payout formula, including the reduction or elimination of payouts based on the achievement of quarterly performance goals if the annual performance goals are not met, and
(b) modify or terminate the Plan at any time. 
  
 Payment of bonuses, if any,
under the Plan shall be made as soon as practicable after December 31, 2006, but shall be paid no later than March 15, 2007. Each bonus shall be paid in cash in a single lump sum, subject to payroll taxes and tax withholding. 

 
 Each bonus that may become payable under the Plan shall be paid solely from the general
assets of the Company. Nothing in the Plan should be construed to create a trust or to establish or evidence any participant’s claim of any right to payment of a bonus other than as an unsecured general creditor with respect to any payment to
which a participant may be entitled. 
  

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