Document:

AMENDED EMPLOYMENT AGREEMENT

     THIS AMENDED EMPLOYMENT AGREEMENT, made as of March 23, 2001 between FAMOUS
FIXINS, INC., a New York corporation with offices at 250 West 57th Street, Suite
1112, New York, New York 10107 ("Employer"), and JASON BAUER, an individual
residing in New York, New York ("Employee"), amends the terms of the April 12,
1999 Employment Agreement between Employer and Employee, provided that, in the
event that this Amended Employment Agreement is not given full force and effect,
for whatever reason, the terms of the April 1999 Employment Agreement shall
govern.

                                   WITNESSETH:

     WHEREAS, Employer desires to retain the services of Employee and Employee
desires to be employed by Employer upon the terms and conditions hereinafter set
forth;

     WHEREAS, Employee has at Employer's request deferred certain compensation
in the past, which shall be paid in full to Employee prior to April 30, 2001,
including deferred salary increases;

     NOW THEREFORE, in consideration of the agreements herein contained, the
parties hereto agree as follows:

     1. EMPLOYMENT. Employer hereby employs Employee, and Employee hereby agrees
to serve, as President and Chief Executive Officer of Employer, for the Term of
Employment (as defined in Section 2). Employee agrees to perform such services
as are customary for such office. Employee further agrees to use Employee's best
efforts to promote the interest of Employer and to devote Employee's full
business time and energies during normal business hours to the business and
affairs of Employer during the Term of Employment.

     2. TERM OF EMPLOYMENT. The employment hereunder shall commence as of April
12, 2001 (and prior to April 12, 2001, the terms of the prior Employment
Agreement remain in full force and effect) and shall continue for a term of five
(5) years from April 12, 2001 (the "Term of Employment"), unless earlier
terminated: (a) upon death of Employee; (b) at the option of Employer upon 30
days' prior written notice to Employee, in the event Employee, by reason of
physical injury or illness, is unable to materially perform his duties hereunder
for a continuous period of 120 days and has no expectation of returning to work
within a reasonable time thereafter; or (c) upon the discharge of Employee by
the Board of Directors of Employer for "cause" (as defined in Section 10
hereof). The Term of Employment may be renewed for an additional five years
commencing five years after the execution of this Agreement, upon written notice
of the Board of Directors of Employer given at any time in the first eight
months of the fifth year of the Term of Employment, subject to acceptance
thereof by Employee.

         3.       COMPENSATION.

     A. Base Salary. As compensation for the services to be provided hereunder
and in consideration of Employee's agreement not to compete as set forth in
Section 4, during the Term of Employment, Employer shall pay Employee an annual
salary of $175,000 with adjustments of the greater of $10,000 or the change in
the Consumer Price Index, or such greater annual salary as may be established by
Employer's Board of Directors, which shall be payable in appropriate
installments to conform with the regular payroll dates for salaried personnel of
Employer. Commencing in the second year of this Agreement, Employee's base
annual salary shall be increased (but not decreased), each fiscal quarter, by an
amount equal to at least one percent of the Company's earnings before interest,
taxes, depreciation and amortization ("EBITDA") in the most recent fiscal year.

     Additionally, Employee is entitled to receive compensation equal to one
percent (1%) of sales effected by Employer, payable in accordance with similar
payments made to other employees.

     B. Incentive Earnings Bonus. In addition to any bonus to be determined by
the Board of Directors, Employee is eligible for certain incentive bonuses
contingent upon certain corporate earnings milestones. Employee is hereby
granted five year options to purchase up to 1,500,000 shares of the Company's
common stock, par value $.001 per share. These options will vest upon the
achievement of certain corporate earnings milestones as set forth herein. The
exercise price for the options is $.03025 per share, based on 110% of the
trading price of $0.0275 of the common stock on March 23, 2001. Options to
purchase 1,000,000 shares shall vest immediately upon the first to occur of
either the Company obtaining two or more new celebrity, entity, athlete or
Company licenses or new products (since January 1, 2001) or upon the occurrence
of a fiscal year in which the Company's revenues exceed $3,000,000; and
additional options to purchase 500,000 additional shares shall vest immediately
upon the first to occur of either the Company obtaining a further two or more
new celebrity, entity, athlete or Company licenses or new products or upon the
occurrence of a fiscal year in which the Company's revenues exceed $3,500,000.
These options are cumulative and are subject to the same anti-dilution rights as
are available to some other shareholder or investor in the Company. If any
milestones are achieved in the same year, all such options shall vest at the
time such milestone is achieved.

     C. Bonus. Employee shall, during the term of this Agreement, be entitled to
an annual performance bonus equal to up to fifty percent (50%) of Employee's
base salary, as defined in Section 3.A, or such other amount as the Board of
Directors may determine. Additionally, Employee shall be entitled to such other
bonuses as the Board of Directors shall determine from time to time.

     D. Other Benefits. Employee shall be entitled to the following fringe
benefits, perquisites, and other benefits of employment during the Term of
Employment: (i) medical and dental insurance under such group medical and dental
insurance policies as Employer may provide to its employees; (ii) sick days in
accordance with Employer's policy regarding officers; (iii) up to six (6) weeks
vacation in each year fully worked; (iv) participation in Employer's 401(k) plan
or such other plan as Employer may adopt; (v) participation in Employer's
employee stock option plan when and if established; and (vi) Employer shall also
during the term hereof and for one year thereafter provide and pay for a fifteen
year (15-year) term life insurance policy on the life of Employee, subject to
Employee's reasonable insurability, with a face amount of benefit of $1,000,000
with the beneficiary thereof to be Employee's estate, or as otherwise directed
by Employee. Employee shall have the option to maintain such insurance at his
own expense one year after the end of the term hereof, if such term is not
renewed. In addition to the foregoing, Employee shall also be entitled to any
benefits, perquisites and other benefits to the extent that the Board of
Directors determines such benefits are to be made available to Employer's
employees in general.

     E. Payment Upon Early Termination. In the event of early termination of
employment for any reason specified in Section 10 hereof, Employer shall no
longer be obligated to make any payments of compensation to Employee or
Employee's estate under this Agreement except as provided for herein. However,
any salary or bonus earned and/or vested for prior periods, but not yet paid,
shall be paid by Employer to Employee or Employee's estate.

     4. COVENANT NOT TO COMPETE; INTELLECTUAL PROPERTY; CONFIDENTIALITY.

     A. Covenant Not to Compete and Solicit. During the Term of Employment,
Employee will not, within any jurisdiction in which Employer or any affiliate
conducts its business operations, or in any way materially competing with
Employer, directly or indirectly, own, manage, operate, control, be employed by
or participate in the ownership, management, operation or control of, or be
connected in any manner with, any business of the type or character engaged in
and competitive with that conducted by Employer. The decision of Employer's
Board of Directors as to what constitutes a competing business shall be final
and binding upon Employee, and such decision shall be made in good faith. For
these purposes, ownership by Employee or any affiliate of Employee of securities
of a public company not in excess of one percent (1%) of any class of such
securities shall not be considered to be competition with Employer.

     For a period of three (3) years after termination of Employee's employment
with Employer, Employee further agrees to refrain from interfering with the
employment relationship between Employer and its other employees by soliciting
any of such individuals to participate in independent business ventures and
agrees to refrain from soliciting business from any client or prospective client
(as disclosed in a list to be provided to Employee by Employer at the time he
ceases to be employed, which list shall be binding upon Employee) of Employer's
for Employee's benefit or for any other entity.

     It is the desire and intent of the parties that if any provisions of this
Section 4(A) shall be adjudicated to be invalid or unenforceable, this Section
4(A) shall be deemed amended to delete therefrom such provisions or portion
adjudicated to be invalid or unenforceable, such amendment to apply only with
respect to the operation of this paragraph in the particular jurisdiction in
which such adjudication is made.

     B. Intellectual Property. During the Term of Employment, Employee will
disclose to Employer all ideas, inventions and business plans developed by
Employee during such period which relates directly or indirectly to the business
of Employer or affiliates, including without limitation any process, operation,
product or improvement which may be patentable or copyrightable. Employee agrees
that such will be the property of Employer and that Employee will, at Employer's
request and cost, do whatever is necessary to secure the rights thereto by
patent, copyright or otherwise to Employer.

     C. Confidentiality. Employee agrees to not divulge to anyone (other than
Employer or any other persons employed or designated by Employer) any knowledge
or information of any type whatsoever of a confidential nature relating to the
business of Employer or any of its subsidiaries or affiliates, including without
limitation all types of trade secrets (unless readily ascertainable from public
or published information or trade sources). Employee further agrees not to
disclose, publish or make use of any such knowledge or information of a
confidential nature without prior written consent of Employer.

     5. CHANGE OF CONTROL. Employee shall have the right to terminate the
employment agreement in the event of a "change in control" of Employer. "Change
of control" is defined to be any of the following: (i) a change in the ownership
or management of Employer that would be required to be reported in response to
certain provisions of the Securities Exchange Act of 1934; (ii) an acquisition
by a person or entity (excluding Employer) or persons or entities acting as a
group of 25% or more of the Employer's common stock or the Employer's then
outstanding voting securities; (iii) a change in a majority of the current Board
of Directors (the "Incumbent Board") (excluding any persons approved by a vote
of at least a majority of the Incumbent Board other than in connection with an
actual or threatened proxy contest); (iv) consummation of a reorganization,
merger, consolidation or sale of a majority of the Company's assets
(collectively, a "Transaction") other than a Transaction in which all or
substantially all of the shareholders of Employer prior to such transaction own,
in the same proportion, more than 50% of the voting power of the entity
resulting from the Transaction, at least a majority of the board of directors of
the resulting entity were members of the Incumbent Board, and after which no
person (other than the resulting entity and certain affiliates) beneficially
owns 25% or more of the voting power of the resulting entity, except to the
extent such ownership existed prior to the Transaction; or (v) the approval by
the Employer's stockholders of a complete liquidation or dissolution of
Employer. Upon a change in control, Employee shall be entitled to a lump sum
payment, payable within one month of termination, equal to two hundred and
ninety nine percent (299%) of Employee's "base amount", as defined in Section
28OG(3) of the Code.

     6. REIMBURSEMENT OF EXPENSES. Employee shall be entitled to be reimbursed
for reasonable travel and other expenses incurred in connection with Employee's
services to Employer pursuant to and during the Term of Employment upon a basis
consistent with the policies established or announced by Employer.

     7. AUTOMOBILE. Employer shall continue to provide Employee with an
automobile, including related maintenance, repairs, insurance, cellular
telephone, parking and other costs, for the exclusive use of Employee.

     Employer recognizes Employee's need for an automobile for business
purposes. Employer, therefore, upon the expiration of the aforementioned
automobile lease, shall provide Employee with an automobile, including related
maintenance, repairs, insurance, cellular telephone and other costs. The
automobile will be selected by Employee, and the automobile and related costs
shall be comparable to those which Employer presently provides Employee.

     8. DEATH BENEFITS. If Employee dies during the Term of Employment, Employer
shall pay to Employee's estate the compensation that would otherwise be payable
to Employee for twelve months following the month in which his death occurs. In
addition, Employer shall pay $100,000, in a lump sum, to the Employee's widow,
or, if he is not then survived by his widow, to the Employee's surviving
children in equal shares, or, if there are no surviving children, to the
Employee's estate.

     9. BREACH BY EMPLOYEE. Both parties recognize that the services to be
rendered under this Agreement by Employee are special, unique and extraordinary
in character, and that in the event of a breach by Employee of the terms and
conditions of this Agreement to be performed by Employee, or in the event
Employee performs services during the Term of Employment for any person, firm,
corporation or other entity engaged in a competing line of business with
Employer, or otherwise breaches this Agreement, Employer shall be entitled, if
it so elects, to institute proceedings and to prosecute them in any court of
competent jurisdiction, either in law or in equity, to obtain damages for any
breach of this Agreement, or to enforce the specific performance thereof by
Employee, or to enjoin Employee from performing services for any such other
person, firm, corporation or other entity.

     10. TERMINATION FOR CAUSE. Employer may terminate Employee for cause upon
thirty days' prior written notice to Employee. For purposes of this Agreement,
an event or occurrence constituting "cause" shall mean:

     A. Employee's willful failure or refusal after notice thereof, to perform
specific directives of Employer's Board of Directors, when such directives are
consistent with the scope and nature of Employee's duties and responsibilities
as set forth in Section 1 and elsewhere herein and such failure or refusal is:
(i) not corrected within a reasonable time after receipt of written notice that
is sent by Employer's Board of Directors after resolution authorizing such
notice; (ii) the direct material cause of material damages to the Employer; and
(iii) within the ability and power of Employee to materially perform such
directive as to render such failure or refusal willful;

     B. Employee's conviction of a felony or of any crime involving moral
turpitude, fraud or misrepresentation and final resolution of all appeals
therefrom;

     C. Any final court determination of gross or wilful conduct of Employee
resulting in substantial loss to Employer, substantial damage to Employer's
reputation or any material theft from Employer;

     D. Other than by reason of physical injury or illness, a final court
determination of Employee's material failure to perform the duties and
responsibilities under this Agreement causing material damage to Employer; or

     E. Any final court determination of any material breach (not covered by any
of the clauses (A) through (D)) of any of the provisions of this Agreement,
causing material damage to Employer, and such breach was not cured within ten
days after written notice thereof to Employee by Employer.

     11. ASSIGNMENT. This Agreement is a personal contract and, except as
specifically set forth herein, the rights and interests of Employee herein may
not be sold, transferred, assigned, pledged or hypothecated by Employee. The
rights and obligations of Employer hereunder shall be binding upon and run in
favor of the successors and assigns of Employer. In the event of any attempted
assignment or transfer of rights hereunder contrary to the provisions hereof,
Employer shall have no further liability for payments hereunder. Employee
specifically consents to assignment of this Agreement by Employer pursuant to
any reorganization or business combination that Employer may effect hereafter.

     12. GOVERNING LAW; CAPTIONS. This Agreement contains the entire agreement
between the parties and shall be governed by the laws of the State of New York.
It may not be changed orally, but only by agreement in writing signed by the
party against whom enforcement of any waiver, change, modification or discharge
is sought, and consented to in writing by the Board of Directors of Employer.
Section headings are for convenience or reference only and shall not be
considered a part of this Agreement.

     13. PRIOR AGREEMENTS. This Agreement supersedes and terminates all prior
agreements between Employer and Employee relating to the subject matter herein
addressed.

     14. NOTICES. Any notice or other communication required or permitted
hereunder shall be sufficiently given if delivered in person to Employer by
delivery to its Chairman of the Board of Directors or sent by telex, telecopy or
by registered or certified mail, postage prepaid, addressed as follows:

                  if to Employee, to:
                  Jason Bauer
                  300 West 72nd St., #4C
                  New York, NY 10023

                  if to Employer, to:
                  Famous Fixins, Inc.
                  250 West 57th Street, Suite 1112
                  New York, New York  10107

                  with a copy to:
                  Law Offices of Dan Brecher
                  99 Park Avenue, 16th Floor
                  New York, New York  10016

     IN WITNESS WHEREOF, Employer has by its appropriate officer signed this
Agreement and Employee has signed this Agreement, on and as of the date and year
first above written.

                             FAMOUS FIXINS, INC.

                             By:  /s/ Victor Bauer
                                ---------------------------------
                                      Victor Bauer, Director

                             EMPLOYEE

                                  /s/ Jason Bauer
                             ------------------------------------
                                      Jason BauerEXHIBIT 10ee
                                                                    ------------

                              EMPLOYMENT AGREEMENT
                              --------------------

         AGREEMENT (the "Agreement") made by and between PRESSTEK, INC., a
Delaware corporation (the "Employer"), and Richard A. Williams (the "Employee").

         WHEREAS, the Employee has heretofore been employed as Chief Scientific
Officer of the Employer;

         WHEREAS, the Employee wishes to continue in his employment with the
Employer and the Employer wishes to continue its employment of Employee; and

         WHEREAS, the parties desire to amend, restate and supersede all
previous agreements between the Employer and the Employee to the extent that
they relate to the Employee's continued employment by Employer.

         NOW, THEREFORE, in consideration of the premises and of the promises
hereafter contained, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, it is AGREED as follows:

         1. EMPLOYMENT. The Employee is employed as Chief Scientific Officer of
the Employer from the date hereof through the term of this Agreement. The
Employee shall render executive, policy, operations and other management
services to the Employer of the type customarily performed by persons situated
in similar executive and management capacities. The Employee shall perform such
other related duties as the Board of Directors of the Employer may from time to
time reasonably direct.

         2. COMPENSATION. The Employer agrees to pay the Employee during the
Term of this Agreement as outlined in Schedule A attached. The base Salary of
the Employee shall not be decreased at any time during the Term of this
Agreement from the amount then in effect, unless the Employee otherwise agrees
in writing. The Salary shall be payable to the Employee not less frequently than
monthly.

         Participation in retirement and other employee benefit plans and fringe
benefits shall not reduce the Salary payable to the Employee under this Section
2.

         3. PARTICIPATION IN STOCK OPTION, RETIREMENT AND EMPLOYEE BENEFIT
PLANS; FRINGE BENEFITS. Subject to the eligibility requirements that may be
applicable, the Employee shall be entitled to participate in any plan or
arrangement of the Employer relating to stock options, stock purchases, pension,
thrift, or profit sharing benefits, or other benefits under qualified or
non-qualified deferred compensation plans, group life insurance, medical
coverage, education or any other employee benefits that the Employer may adopt
or make available for the benefit of the Employee or of executive employees
generally.

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<PAGE>

         In addition, during the term hereof, the Employer will cooperate in
providing life insurance coverage on the life of the Employee through a
split-dollar life insurance policy collateral assignment agreement, the terms
and conditions of which shall be provided for in an agreement separate from this
Agreement.

         The Employee shall also be entitled during the term of this Agreement
to any fringe benefits which may be or become available, during the Term of this
Agreement, to executive employees of the Employer, and to the payment or
reimbursement of reasonable expenses for attending annual and periodic meetings
of trade associations, and any other benefits which are commensurate with the
duties and responsibilities to be performed by the Employee under this
Agreement.

         4. EMPLOYMENT TERM. "Term," as used in this Agreement, shall refer to
the Term of this Agreement as defined in this paragraph. The Term of the
employment under this Agreement is for a five year period ending December 31,
2004 unless sooner terminated in accordance with the provisions hereof.

         5. STANDARDS. The Employee shall perform his duties and
responsibilities under this Agreement in accordance with such reasonable
standards as are established from time to time by the Board of Directors of the
Employer. The reasonableness of such standards shall be measured against
standards for executive performance generally prevailing in similar high
technology companies.

         6. VOLUNTARY ABSENCES; VACATIONS. The Employee shall be entitled to
vacation time during the Term of this Agreement to which the Employee may be
entitled as an employee of the Employer. The timing of paid vacations shall be
scheduled in a reasonable manner by the Employee.

         7. TERMINATION OF EMPLOYMENT.

         (a)      (i) The Board of Directors of the Employer may terminate the
                  Employee's employment at any time, but any termination by the
                  Board of Directors other than termination for Cause shall
                  require 180 days prior written notice and shall not prejudice
                  the Employee's right to receive the compensation and other
                  benefits set forth in this Agreement. In the event of a
                  termination for Cause, the Employee shall have no right to
                  receive such compensation or other benefits, including payment
                  of legal fees and expenses incurred, for any period after the
                  termination for Cause. Regardless of the reason for the
                  termination of Employee's employment, other than termination
                  for Cause, the Employer shall continue to be subject to any
                  independent obligation to the Employee under any employee
                  benefit plan in which the Employee is then a participant, and
                  to the compensation set forth in this Agreement.

                  (ii) Unless termination is for Cause, the Employer shall be
                  obligated concurrently with such termination, in lieu and
                  replacement of Employee's

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<PAGE>

                  entitlement to any compensation and other benefits under this
                  Agreement pursuant to Section 8(a)(i), to make a lump sum cash
                  payment to the Employee as liquidated damages of an amount
                  equal to the present value of the Employee's then current
                  Salary under this Agreement calculated for a period based on
                  the remainder of the Term hereof when the Agreement is
                  terminated; provided, however, that if the termination of
                  employment occurs in connection with or within two years after
                  a "Change in Control" as defined in Section 8(b) hereof, the
                  amount payable to the Employee shall be determined under
                  Section 8(a) as limited by Section 8(c) hereof. Such payment
                  to the Employee shall be made on or before the Employee's last
                  day of employment with the Employer. The liquidated damages
                  shall not be reduced by any compensation which the Employee
                  may receive for other employment with another employer after
                  termination of his employment with the Employer. In addition,
                  the Employee shall be entitled to have all existing retirement
                  or employee benefits of the type referred to in Section 3
                  hereof continue for the remainder of the Term hereof when the
                  Agreement is terminated, except as otherwise required by law
                  or provided in the related retirement or other employee
                  benefit plans or agreements.

                  (iii) References in this Agreement to "termination for Cause"
                  shall mean termination on account of acts or omissions of the
                  Employee which constitute Cause as defined below. Any
                  determination with respect to a termination for Cause shall
                  require the approval of a two-thirds vote of the full Board of
                  Directors of the Employer. "Cause" shall mean any one or more,
                  but only one or more, of the following:

                  (A) Conviction of a felony,

                  (B) Theft from the Employer,

                  (C) Breach of fiduciary duty involving personal profit,

                  (D) Sustained and continuous conduct by the Employee which
                      adversely affects the reputation of the Employer, or

                  (E) Continued failure of the Employee substantially and
                      satisfactorily to perform his duties or obligations under
                      this Agreement following 30 days' notice by the Employer
                      to the Employee and a failure by the Employee to correct
                      the deficiency cited in such notice (other than any such
                      failure resulting from the Employee's incapacity due to
                      physical or mental illness).

         (b)      The Employee shall have no right to terminate his employment
                  under this Agreement prior to the end of the Term of this
                  Agreement, unless such termination is either approved by the
                  Board of Directors of the

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<PAGE>

                  Employer or is for Good Reason (as described in Section 8(a)
                  hereof) in connection with or within two years after a Change
                  in Control (as defined in Section 8(b) hereof). In the event
                  that the Employee violates this provision, or in the event
                  that the Employee is terminated for Cause, the Employee shall
                  be entitled to no further payments pursuant to this Agreement,
                  and the Employer shall be entitled, in addition to its other
                  legal remedies, to request a court of competent jurisdiction
                  to enjoin the employment of the Employee with any significant
                  competitor of the Employer, within a 30 mile radius of the
                  Employer or any location at which the Employer operates at the
                  time, for a period of one year or the remaining Term of this
                  Agreement, whichever is less. Upon written consent, the Board
                  may permit the Employee to work for a significant competitor
                  during such period. During such period, even if the Employee
                  is permitted to be employed by a significant competitor, he
                  shall not without the approval of the Board of Directors of
                  the Employer induce any officer of the Employer to accept
                  employment from such significant competitor, nor shall he use
                  proprietary and confidential information of the Employer for
                  the benefit of such a significant competitor.

         8. CHANGE IN CONTROL.

                  (A)

                  (i) If during the Term of this Agreement there is a Change in
                  Control of the Employer, and the Employee's employment with
                  the Employer is terminated involuntarily (other than for
                  Cause), or voluntarily for Good Reason (as defined below), in
                  connection with or within two years after such Change in
                  Control, then the Employee shall be entitled to receive the
                  compensation and other benefits set forth as outlined in
                  Schedule A attached.

                  (ii) As used herein, the term "Good Reason" means, unless
                  previously consented to in writing by the Employee, the
                  occurrence of any one of the following:

                  (A) The assignment to the Employee of duties and
                      responsibilities that are not at least substantially
                      equivalent to the Employee's duties and responsibilities
                      with the Employer immediately prior to such Change in
                      Control;

                  (B) The failure to continue the Employee in a position and
                      title that is at least substantially equivalent to the
                      position held by the Employee with the Employer
                      immediately prior to such Change in Control, except in
                      connection with the termination of the Employee's
                      employment for Cause or as a result of death or permanent
                      disability;

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<PAGE>

                  (C) A reduction in or failure to pay currently total annual
                      cash compensation in an amount equal to or greater than
                      the sum of the Employee's Salary at the highest annual
                      rate in effect during the 12-month period immediately
                      prior to such Change in Control.

                  (D) The Employee's benefits under any employee benefit or
                      welfare plan of the acquiring employer are less, or are
                      reduced to less, other than reductions mandated by a
                      change in law, than the benefits of similarly situated
                      employees under any employee benefit or welfare plan of
                      the acquiring employer in effect immediately prior to such
                      Change in Control;

                  (E) The Employee is reassigned to a place of business which
                      is more than 30 miles from Hudson, New Hampshire; or

                  (F) Any breach by the Employer or the acquiring employer of
                      this Agreement.

                  (iii) Payment under this Section 8(a) shall be in lieu of any
                  amount owed to the Employee as liquidated damages for
                  termination without Cause under Sections 7(a)(i) and (ii)
                  hereof. Payment under this Section 8(a) shall not be reduced
                  by any compensation which the Employee may receive from other
                  employment with another employer after termination of his
                  employment with the Employer.

         (b)      A "change in control of the Employer," for purposes of this
                  Agreement, shall be deemed to have taken place if: (i) a third
                  person, including a "group" as defined in Section 13(d)(3) of
                  the Securities Exchange Act of 1934, becomes the beneficial
                  owner of shares of the Employer having 20 percent or more of
                  the total number of votes that may be cast for the election of
                  directors of the Employer; or (ii) as the result of, or in
                  connection with, any cash tender or exchange offer, merger, or
                  other business combination, sale of assets or contested
                  election, or any combination of the foregoing transactions,
                  the persons who were directors of the Employer before such
                  transaction shall cease to constitute a majority of the Board
                  of Directors of the Employer or any successor institution.

         (c)      Notwithstanding any other provisions of the Agreement or of
                  any other agreement, contract, or understanding heretofore or
                  hereafter entered into by the Employee with the Employer,
                  except an

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<PAGE>

                  agreement, contract, or understanding hereafter entered into
                  that expressly modifies or excludes application of this
                  Section 8(c) ("Other Agreements"), and notwithstanding any
                  formal or informal plan or other arrangement heretofore or
                  hereafter adopted by the Employer for the direct or indirect
                  provision of compensation to the Employee (including groups or
                  classes of participants or beneficiaries of which the Employee
                  is a member), whether or not such compensation is deferred, is
                  in cash, or is in the form of a benefit to or for the Employee
                  (a "Benefit Plan"), the Employee shall not have any right to
                  receive any payment or other benefit under this Agreement, any
                  Other Agreement, or any Benefit Plan if such payment or
                  benefit, taking into account all other payments or benefits to
                  or for the Employee under this Agreement, all Other
                  Agreements, and all Benefit Plans, would cause any payment to
                  the Employee under this Agreement to be considered a
                  "parachute payment" within the meaning of Section 280G(b)(2)
                  of the Internal Revenue Code as then in effect (a "Parachute
                  Payment"), as determined by a nationally recognized accounting
                  firm selected by the Board. In the event that the receipt of
                  any such payment or benefit under this Agreement, any Other
                  Agreement, or any Benefit Plan would cause the Employee to be
                  considered to have received a Parachute Payment under this
                  Agreement, then the Employee shall have the right, in the
                  Employee's sole discretion, to designate those payments or
                  benefits under this Agreement, any Other Agreements, and/or
                  any Benefit Plans, which should be reduced or eliminated so as
                  to avoid having the payment to the Employee under this
                  Agreement be deemed to be a Parachute Payment.

         9. EXPENSES. The Employee is authorized to incur, during the Term of
this Agreement, reasonable expenses for promoting the business of the Employer,
including without limitation expenses for entertainment, travel and similar
items. The Employer will promptly reimburse the Employee for all such expenses,
upon the presentation by the Employee, from time to time, of an itemized account
of such expenses.

         10. LEGAL EXPENSES. The Employer shall indemnify and hold harmless the
Employee from and against any and all costs and liabilities, including without
limitation reasonable attorneys' fees, arising out of or in connection with
being or having been an officer or director of the Employer, except in relation
to matters as to which the Employee shall be finally adjudged not to have acted
in good faith in the reasonable belief that his action or failure to act was in
the best interest of the Employer.

         11. SUCCESSORS AND ASSIGNS; ASSUMPTION BY SUCCESSORS. All right here-
under shall inure to the benefit of the parties hereto, their personal or legal
representatives, heirs, successors or assigns. This Agreement may not be
assigned or

                                       6
<PAGE>

pledged by the Employee. The Employer will require any successor (whether direct
or indirect, by purchase, assignment, merger, consolidation or otherwise) to all
or substantially all of the business and/or assets of the Employer in any
consensual transaction expressly to assume this Agreement and to agree to
perform hereunder in the same manner and to the same extent that the Employer
would be required to perform if no such succession had taken place. References
herein to the Employer will be understood to refer to the successor or
successors of the Employer, respectively.

         12. OTHER CONTRACTS. The Employee shall not, during the Term of this
Agreement, have any other paid employment (other than with a subsidiary or
affiliate of the Employer) except with the prior approval of the Board of
Directors of the Employer.

         13. ENTIRE AGREEMENT. This Agreement constitutes the entire Agreement
between the parties and supersedes all prior employment agreements and
understandings, whether written or oral.

         14. AMENDMENTS OR ADDITIONS. No amendments or additions to this
Agreement shall be binding unless in writing and signed by the parties.

                                       7
<PAGE>

         15. SECTION HEADINGS. The section headings used in this Agreement are
included solely for convenience and shall not affect, or be used in connection
with, the interpretation of this Agreement.

         16. SEVERABILITY. The provisions of this Agreement shall be deemed
severable and the invalidity or unenforceability of any provision shall not
affect the validity or enforceability of the other provisions hereof.

         17. GOVERNING LAW. This Agreement shall be governed by the laws of the
United States where applicable and otherwise by the laws of the State of New
Hampshire, except the choice of law rules thereof.

         IN WITNESS WHEREOF, the parties have executed this Agreement this
25th day of May, 2000.

                                       PRESSTEK, INC. (the "Employer")

                                       By:  /s/ Robert W. Hallman
                                           ----------------------------
                                           Robert W. Hallman
                                           President and Chief Executive Officer

                                       RICHARD A. WILLIAMS (the "Employee")

                                       By:  /s/ Richard A. Williams
                                           -----------------------------
                                           Richard A. Williams

                                       8
<PAGE>

                                   SCHEDULE A
                                   ----------

COMPENSATION
------------

                  YEAR             COMPENSATION         ESTIMATED WORK DAYS
                  ----             ------------         -------------------

                  2000               $300,000                   200

                  2001               $250,000                   125

                  2002               $200,000                   100

                  2003               $150,000                    75

                  2004               $100,000                    50

         If necessary, this compensation schedule continues to be payable as
         outlined in the "R.A. Williams Trust."

STOCK COMPENSATION
------------------

                  YEAR            AMOUNT OF OPTION SHARES
                  ----            -----------------------

                  2000                   100,000

                  2001+     as granted to the Board of Directors

BENEFITS
--------

         If necessary, insurances will continue through 2004 for the Employee's
         spouse.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00023-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00023-of-00352.parquet"}]]