Document:

General Release

 Exhibit 10.3 
  
 CONFIDENTIAL 
  
 GENERAL RELEASE BY JOSEPH J. KOHAUT 
  
 Definitions. I intend all words used in this General Release by Joseph J. Kohaut (“Release”) to have their plain meanings in ordinary English.
Specific terms that I use in this Release have the following meanings: 
  

	 	A.	I, me, and my include both me and anyone who has or obtains any legal rights or claims through me. 

  

	 	B.	BUCA means BUCA, Inc. and any company related to BUCA, Inc. in the present or past, including without limitation, its predecessors, successors, parents, subsidiaries,
affiliates, and divisions. 

  

	 	C.	Company means BUCA; the present and past officers, directors, committees, and employees of BUCA; any company providing insurance to BUCA in the present or past; the present
and past fiduciaries of any employee benefit plan sponsored or maintained by BUCA (other than multiemployer plans); and anyone who acted on behalf of BUCA or on instructions from BUCA. 

  

	 	D.	Agreement means the Separation Agreement between BUCA and me that I am executing on the same date on which I execute this Release, including all of the documents attached to
the Agreement. 

  

	 	E.	My Claims mean all of my rights that I now have to any relief of any kind from the Company, including without limitation: 

  

	 	1.	all claims arising out of or relating to my employment with BUCA or the termination of that employment; 

  

	 	2.	all claims arising out of or relating to the statements, actions, or omissions of the Company; 

  

	 	3.	all claims for any alleged unlawful discrimination, harassment, retaliation or reprisal, or other alleged unlawful practices arising under any federal, state, or local statute,
ordinance, or regulation, including without limitation, claims under Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Age Discrimination in Employment Act, 42 U.S.C. § 1981, the Employee Retirement Income
Security Act, the Equal Pay Act, the Worker Adjustment and Retraining Notification Act, the Minnesota Human Rights Act, and any workers’ compensation non-interference or non-retaliation statutes; 

  

	 	4.	all claims for alleged wrongful discharge; breach of contract; breach of implied contract; failure to keep any promise; breach of a covenant of 

 EXHIBIT A 
  
 CONFIDENTIAL 
  
 good faith and fair dealing; breach of fiduciary duty; estoppel; my activities, if any, as a “whistleblower”; defamation; infliction of
emotional distress; fraud; misrepresentation; negligence; harassment; retaliation or reprisal; constructive discharge; assault; battery; false imprisonment; invasion of privacy; interference with contractual or business relationships; any other
wrongful employment practices; and violation of any other principle of common law; 
  

	 	5.	all claims for compensation of any kind, including without limitation, bonuses, commissions, stock-based compensation or stock options, vacation pay, and expense reimbursements;

  

	 	6.	all claims for back pay, front pay, reinstatement, other equitable relief, compensatory damages, damages for alleged personal injury, liquidated damages, and punitive damages; and

  

	 	7.	all claims for attorneys’ fees, costs, and interest. 

  
 However, My Claims do not include any claims that the law does not allow to be waived or any claims that may arise after the date on which I sign
this Release, including any claims that BUCA has breached the terms of the Agreement. 
  
 Agreement to Release My Claims. I will receive consideration from BUCA as set forth in the Agreement if I sign and do not rescind this Release as provided below. I understand and acknowledge that that consideration is in
addition to anything of value that I would be entitled to receive from BUCA if I did not sign this Release or if I rescinded this Release. In exchange for that consideration I give up all of My Claims. I will not bring any lawsuits against the
Company or make any demands against the Company for compensation or damages relating to My Claims. The consideration that I am receiving is a fair compromise for the release of My Claims. 
  
 Additional Agreements and Understandings. Even though BUCA will provide consideration for me to settle and release My Claims,
the Company does not admit that it is responsible or legally obligated to me. In fact, the Company denies that it is responsible or legally obligated to me for My Claims, denies that it engaged in any unlawful or improper conduct toward me, and
denies that it treated me unfairly. 
  
 Confidentiality. I
understand that the terms of this Release are confidential and that I may not disclose those terms to any person except under the circumstances described in the Agreement. 
  
 Advice to Consult with an Attorney. I understand and acknowledge that I am hereby being advised by the Company to consult with
an attorney prior to signing this Release. My decision whether to sign this Release is my own voluntary decision made with full knowledge that the Company has advised me to consult with an attorney. 
  
 Period to Consider the Release. I understand that I have 21 days from the day
that I receive this Release, not counting the day upon which I receive it, to consider whether I wish to sign this 

  

 -2- 

 
CONFIDENTIAL 
  
 Release. If I sign this Release before the end of the 21-day period, it will be my voluntary decision to do so because I have decided that I do not need any additional
time to decide whether to sign this Release. 
  
 My Right to Rescind this
Release. I understand that I may rescind this Release at any time within 15 days after I sign it, not counting the day upon which I sign it. This Release will not become effective or enforceable unless and until the 15-day rescission period
has expired without my rescinding it. 
  
 Procedure for Accepting or
Rescinding the Release. To accept the terms of this Release, I must deliver the Release, after I have signed and dated it, to BUCA by hand or by mail. To rescind my acceptance, I must deliver a written, signed statement that I rescind my
acceptance to BUCA by hand or by mail within the 15-day rescission period. All deliveries must be made to BUCA at the following address: 
  
 Cindy Rodahl 
 Vice-President, Family Resources 
 BUCA, Inc. 
 1300 Nicollet Mall 
 Suite 5003 
 Minneapolis, MN 55403 
  
 If I choose to deliver my acceptance or the rescission of my acceptance by mail, it must be: 
  

	 	(1)	postmarked within the period stated above; and 

  

	 	(2)	properly addressed to BUCA at the address stated above. 

  
 Interpretation of the Release. This Release should be interpreted as broadly as possible to achieve my intention to resolve all of My Claims against the
Company. If this Release is held by a court to be inadequate to release a particular claim encompassed within My Claims, this Release will remain in full force and effect with respect to all the rest of My Claims. 
  
 My Representations. I am legally able and entitled to receive the consideration
being provided to me in settlement of My Claims. I have not been involved in any personal bankruptcy or other insolvency proceedings at any time since I began my employment with BUCA. No child support orders, garnishment orders, or other orders
requiring that money owed to me by BUCA be paid to any other person are now in effect. 
  
 I have read this Release carefully. I understand all of its terms. In signing this Release, I have not relied on any statements or explanations made by the Company except as specifically set forth in the Agreement. I am voluntarily
releasing My Claims against the Company. I intend this Release and the Agreement to be legally binding. 
  

			
	 Dated: April 20, 2005.
	 	 /s/ Joseph J. Kohaut

	 	 	 Joseph J. Kohaut

  

 -3-Amendment and Notice of Exercise

 Exhibit 10.67 
  
 OCCAM NETWORKS, INC. 
  
 SERIES A-2 PREFERRED STOCK PURCHASE WARRANT 
  
 AMENDMENT AND NOTICE OF EXERCISE 
  
 This Amendment and Notice of Exercise (the “Amendment”) is entered into this 20th day of April, 2005 (the “Effective
Date”) by and between Occam Networks, Inc. (the “Company”) and Alta California Partners III, L.P. (the “Holder”) to amend that certain Series A-2 Preferred Stock Purchase Warrant of the Company issued to
the Holder on March 8, 2004 (the “Warrant”). Terms used but not otherwise defined herein shall have the meaning set forth in the Warrant. 
  
 WHEREAS, Section 9(a) of the Warrant provides that the Warrant shall not be exercisable prior to the first business day after the Rights Offering Closing
Date. 
  
 WHEREAS, the Rights Offering Closing Date has not
occurred as of the Effective Date and the parties wish to amend the Warrant to provide that the Warrant shall be immediately exercisable by the Holder and that the Warrant shall be so exercised by the Holder upon effectiveness of this Amendment.

  
 NOW, THEREFORE, in consideration of the premises and
mutual covenants and obligations hereinafter set forth, the parties hereto hereby agree as follows: 
  
 1. Amendment of the Warrant. The Warrant is hereby amended as follows: 
  
 (a) Section 9(a) is amended and restated in its entirety to read as follows: “This Warrant shall be
exercisable on or after April 20, 2005.” 
  
 (b) The total number of Shares issuable upon exercise of this Warrant shall be Two Hundred and Nineteen Thousand Three Hundred and Ninety-Two (219,392) Shares. 
  
 2. Exercise of Warrant. (a) The Holder hereby elects to purchase 219,392 Shares pursuant to the terms
of the Warrant, as amended, and tenders herewith $2,193,920 as payment of the aggregate Warrant Exercise Price therefor, together with an Investment Representation Statement in form attached as Exhibit B to the Warrant, and further agrees to pay any
transfer taxes payable pursuant to the terms of the Warrant as well as any withholding taxes that may be required in connection with the exercise thereof. 
  
 (b) The Shares to be received by the undersigned upon exercise of the Warrant are being acquired for the undersigned’s own account,
not as a nominee or agent, and not with a view to resale or distribution of any part thereof, and the undersigned has no present intention of selling, granting any participation in, or otherwise distributing the same. 

 (c) The undersigned understands that the Shares are characterized as “restricted
securities” under the federal securities laws inasmuch as they are being acquired from the Company in transactions not involving a public offering and that under such laws and applicable regulations such securities may be resold without
registration under the Securities Act of 1933, as amended (the “Securities Act”), only in certain limited circumstances. In this connection, the undersigned represents that it is familiar with Rule 144 promulgated under the
Securities Act, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act. 
  
 (d) The undersigned understands the instruments evidencing the Shares may bear the following legend, in addition to any legend required by
applicable state securities laws: 
  
 THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). NO SALE OR DISPOSITION MAY BE EFFECTED WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY OR WITHOUT AN EFFECTIVE REGISTRATION
STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL, REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION. 
  
 (e) The undersigned acknowledges and agrees that the Shares
remain subject to and bound by the “Market Stand-Off Agreement” set forth in Section 10(c) of the Warrant (without in any way otherwise limiting any other obligation of the Company or the undersigned that may survive exercise of the
Warrant). 
  
 3. Remainder of the Warrant. The Warrant, as
amended by Section 1 of this Amendment, shall remain in full force and effect. 
  
 [Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the Company and the Holder have executed this Amendment and Notice of Exercise as of
the Effective Date first set forth above. 
  

			
	COMPANY
	
	OCCAM NETWORKS, INC.
		
	By:	 	 /s/ Howard Bailey

	Name:	 	Howard Bailey
	Title:	 	Chief Financial Officer
	
	HOLDER
	
	ALTA CALIFORNIA PARTNERS III, L.P.
		
	By:	 	 /s/ Hilary Strain

	Name:	 	Hilary Strain
	Title:	 	V.P. of Finance & Admin.

  
 [Amendment and
Notice Of Exercise Of Series A-2 Preferred Stock Purchase Warrant] 

 INVESTMENT REPRESENTATION STATEMENT 
  

					
	PURCHASER	  	:	  	Alta California Partners III, L.P.
			
	COMPANY	  	:	  	OCCAM NETWORKS, INC.
			
	SECURITIES	  	:	  	219,392 shares of Series A-2 Preferred Stock
			
	DATE	  	:	  	April 20, 2005

  
 In connection with the
purchase of the above-listed Securities, the undersigned Purchaser represents to the Company the following: 
  
 (a) The undersigned is purchasing these Securities for its own account for investment purposes only and not with a view to, or for the resale in
connection with, any “distribution” thereof for purposes of the Securities Act of 1933, as amended (the “Securities Act”). 
  
 (b) The undersigned understands that the Securities have not been registered under the Securities Act in reliance upon a specific exemption therefrom,
which exemption depends upon, among other things, the bona fide nature of its investment intent as expressed herein. In this connection, the undersigned understands that, in the view of the Securities and Exchange Commission (the
“SEC”), the statutory basis for such exemption may be unavailable if its representation was predicated solely upon a present intention to hold these Securities for the minimum capital gains period specified under tax statutes, for a
deferred sale, for or until an increase or decrease in the market price of the Securities, or for a period of one year or any other fixed period in the future. 
  

(c) The undersigned further understands that the Securities must be held indefinitely unless subsequently registered under the Securities Act or unless
an exemption from registration is otherwise available (such as Rule 144 under the Securities Act). Moreover, the undersigned understands that the Company is under no obligation to register the Securities. In addition, the undersigned understands
that the certificate evidencing the Securities may be imprinted with a legend which prohibits the transfer of the Securities unless they are registered or such registration is not required in the opinion of counsel for the Company. 
  
 (d) The undersigned is familiar with the provisions of Rule 144 promulgated
under the Securities Act, which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in a non-public offering subject to the
satisfaction of certain conditions, including, among other things: (1) the availability of certain public information about the Company; (2) the resale’s occurring not less than one year after the party has purchased, and made full payment for,
within the meaning of Rule 144, the securities to be sold; and, in the case of an affiliate, or of a non-affiliate who has held the securities less than two years, (3) the sale’s being made through a broker in an unsolicited “broker’s
transaction” or in transactions directly with a market maker, as said term is defined under the 

 Securities Exchange Act of 1934 (the “Exchange Act”) and the amount of securities being sold during any
three month period not exceeding the specified limitations stated therein, if applicable. There can be no assurances that the requirements of Rule 144 will be met, or that the Securities will ever be saleable. 
  
 (e) The undersigned further understands that at the time the undersigned
wishes to sell the Securities there may be no public market upon which to make such a sale, and that, even if such a public market then exists, the Company may not be satisfying the current public information requirements of Rule 144, and that, in
such event, the undersigned would be precluded from selling the Securities under Rule 144 even if the applicable minimum holding period had been satisfied. 
  
 (f) The undersigned further understands that in the event all of the applicable requirements of Rule 144 are not satisfied, registration under the
Securities Act, compliance with Regulation A, compliance with some other registration exemption or the notification to the Company of the proposed disposition by it and the furnishing to the Company of (i) detailed information regarding the
disposition, and (ii) an opinion of its counsel to the effect that such disposition will not require registration (the undersigned understands such counsel’s opinion shall concur with the opinion by counsel for the Company and the undersigned
shall have been informed of such compliance) will be required and that, notwithstanding the fact that Rule 144 is not exclusive, the Staff of the SEC has expressed its opinion that persons proposing to sell private placement securities other than in
a registered offering and otherwise than pursuant to Rule 144 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who
participate in such transactions do so at their own risk. 
  

			
	Signature of Purchaser:
	
	Alta California Partners III, L.P.
		
	By:	 	 /s/ Hilary Strain

	Name:	 	Hilary Strain
	Title:	 	V.P. of Finance & Admin

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