Document:

AMENDMENT NO. 3 TO LOAN AGREEMENT

 Exhibit 10.1 
 AMENDMENT NO. 3 TO LOAN AGREEMENT 
 This Amendment No. 3 to Loan Agreement (the
“Amendment No. 3”) is made and entered into effective as of July 25, 2007, and amends that certain Loan Agreement (as amended, modified, restated or replaced, from time to time, the “Loan Agreement”) dated
March 10, 2005, by and between Staktek Holdings, Inc., a Delaware corporation (“Borrower”), and Guaranty Bank (“Bank”). 
 Recitals: 
 The Borrower and the Bank entered into the Loan Agreement for the purpose of
setting forth the terms and conditions pursuant to which the Bank granted to the Borrower a revolving line of credit up to the amount of $20,000,000.00. The Borrower has now requested the Bank to extend the maturity date of the revolving line of
credit and to modify certain covenants. The Bank has agreed to do so on the terms and conditions and in reliance on the representations and warranties contained in this Amendment No. 3. The parties now wish to amend the Loan Agreement for the
purpose of evidencing the agreement of the parties with respect to the matters set forth herein. 
 Agreements: 
 In consideration of the mutual covenants contained in this Amendment No. 3 and the Loan Agreement and for other good and valuable consideration, the
Borrower and the Bank agree as follows: 
 Defined Terms: 
 1. Defined Terms. Unless otherwise specifically defined herein, the terms used in this Amendment No. 3 have the same meanings given such terms in the Loan Agreement. In addition, the Loan Agreement
is hereby amended by adding, amending or restating the following defined terms: 
 “Acquisition” shall mean (whether by
purchase, exchange, issuance of stock or other equity or debt securities, merger, reorganization or any other method) (i) any acquisition by the Borrower or any of its present or future Subsidiaries of any other Person, whether or not such
Person shall then become consolidated with the Borrower or any such Subsidiary in accordance with GAAP, or (ii) any acquisition by the Borrower or any of its present or future Subsidiaries of all or any substantial part of the assets of any
other Person. 
 “Maturity Date” shall mean June 23, 2008. 
 “Minimum Amount” means, at any time, an amount equal to or greater than Fifty Million and 00/100 Dollars ($50,000,000.00). 

 

 “Net Settlement Value” means, at any time, the market value of all Unencumbered Liquid
Assets, less the usual and customary fees and commissions chargeable upon a sale or other liquidation thereof. 
 “Unencumbered
Liquid Assets” means assets of the following description and (i) which are owned by Borrower, (ii) which are not the subject of any lien, mortgage, encumbrance, security interest, pledge, conditional sale, set-off right, title
retention agreement, or any other arrangement with any creditor (other than Bank) to have its claim satisfied out of the asset (or proceeds thereof) prior to the general creditors of Borrower, (iii) which are not the subject of any prohibition
(contractual, legal or other prohibition) on the pledge, sale, transfer or other disposition thereof, other than any such prohibition agreed upon by Bank, and (iv) which may be converted to cash by sale or other means within seven
(7) days: 
 A) Cash; 
 B)
Demand deposits or interest-bearing time and Eurodollar deposits, certificates of deposit or similar banking arrangements with banks; 
 C)
Direct obligations of the United States of America in the form of obligations of the United States Treasury or of any other governmental agency or instrumentality whose obligations constitute full faith and credit obligations of the United States of
America, which have maturities of ten (10) years or less; 
 D) Commercial paper rated P-1 (or higher) by Moody’s Investors
Services, Inc. or A-1 (or higher) by Standard & Poor’s Corporation; 
 E) Bonds and other fixed income instruments (including
tax-exempt bonds) from companies or public entities rated investment grade, and mutual funds that invest substantially all of their assets in such bonds and other fixed income instruments; and 
 F) Mutual funds or money market funds that invest substantially all of their assets in instruments described above in (A), (B), (C), (D) or
(E) above. 
 2. EBITDA. Section 7.2 of the Loan Agreement is hereby deleted. 
 3. Senior Debt to EBITDA. Section 7.3 of the Loan Agreement is hereby deleted. 
 4. Minimum Unencumbered Liquidity. A new Section 7.4 is hereby added to the Loan Agreement to hereafter read as follows:

  

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 7.4 Minimum Unencumbered Liquidity. Borrower shall own at all times Unencumbered Liquid Assets
having an aggregate Net Settlement Value of not less than the Minimum Amount 
 5. Acquisitions. A new Section 6.7
is hereby added to the Loan Agreement to hereafter read as follows: 
 6.7 Acquisitions. Borrower will not enter into any transaction
which constitutes or contemplates an Acquisition, other than Acquisitions the consideration of Borrower for which is no greater than Thirty Million and 00/100 Dollars ($30,000,000.00) in the aggregate. 
 6. Compliance Certificates. Section 8.3 is hereby amended to hereafter read as follows: 
 8.3 Compliance Certificates. While any Advances remain outstanding, a certificate in the form of Exhibit C attached, signed by the
President and/or Chief Financial Officer of Borrower, (i) within thirty (30) days after the end of each calendar month (including the last calendar month), and (ii) within ninety (90) days after the end of each fiscal year, in
each case stating that Borrower is in full compliance with all of its obligations under this Loan Agreement and all other Loan Documents and is not in default of any term or provisions hereof or thereof, and demonstrating compliance with all
financial ratios and covenants set forth in this Loan Agreement, or if Borrower is not in compliance or is in default, stating the nature of non-compliance or default and Borrower’s plan for achieving compliance or curing such default. The
certificates furnished within the thirty (30) day period shall be based upon unaudited financial statements and those certificates furnished within the ninety (90) day period of the fiscal year shall be based upon audited financial
statements. 
 7. Exhibit C. Exhibit C attached hereto is hereby substituted for Exhibit C attached
to the Loan Agreement. 
 8. Representations and Warranties. In order to induce the Bank to enter into this Amendment
No. 3, the Borrower hereby represents, and warrants and commits to the Bank as follows: 
  

	 	(a)	The Borrower has the corporate power and authority to enter into and perform this Amendment No. 3 and all documents and actions required or contemplated hereunder and
thereunder; all corporate actions necessary or appropriate for the execution and performance of this Amendment No. 3 and all documents and actions required or contemplated hereby or thereby have been taken; and the Loan Agreement, as amended
hereby, and the other Loan Documents constitute the legal, valid, and binding obligations of the Borrower, enforceable in accordance with their respective terms. 

  

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	 	(b)	The Borrower is not in default under or violating any provisions of its Articles of Incorporation or Bylaws, and is not in default under or violating any material provisions of any
indenture, mortgage, lien, agreement, contract, deed, lease, loan agreement, note, order, judgment, decree, or other instrument or restriction of any kind or character to which it is a party or by which it is bound, or to which its assets are
subject, which default could reasonably be expected to cause a Material Adverse Change; and neither the execution and delivery of this Amendment No. 3 nor compliance with the terms, conditions, and provisions hereof will conflict with or result
in the breach of, or constitute a default under, any of the foregoing. 

  

	 	(c)	Neither any Event of Default nor any Default has occurred and now exists. 

  

	 	(d)	Each representation and warranty contained in the Loan Agreement is true and correct as of the date of this Amendment No. 3, except as previously disclosed to the Bank in
writing. 

  

	 	(e)	Each financial statement of the Borrower heretofore furnished to the Bank was prepared in conformity with GAAP and, when read together with the notes thereto, presents fairly the
financial condition of the Borrower as of such date. There has been no material adverse change in the financial condition or results of operations of the Borrower subsequent to the date of the most recent financial statement furnished to the Bank.
Except for Liabilities incurred in the normal course of business and not material in amount (either individually or in the aggregate), Borrower has no liabilities, direct or contingent, that have arisen or been incurred or accrued subsequent to the
date of the most recent Financial Statement furnished to the Bank. 

 4. Conditions Precedent. The agreements of
the Bank set forth in this Amendment No. 3 are subject to the satisfaction of the following conditions precedent: 
  

	 	(a)	Documents, Information, Etc. The Bank shall have received all of the following, each dated (unless otherwise indicated) a current date, in Proper Form:

  

	 	(i)	Documents. Such documents, instruments, certificates and public authority documents as Bank may reasonably require to evidence the status, organization or authority of
Borrower and each Material Subsidiary. 

  

	 	(ii)	Confirmation Agreement. A Confirmation Agreement in Proper Form from the Borrower and all other entities which are guarantors. 

  

	 	(iii)	Attorneys’ Fees and Expenses. Evidence that the cost and expenses (including attorneys’ fees) referred to in Section 10.8 of the Loan Agreement, to the
extent incurred, shall have been paid in full by the Borrower. 

  

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	 	(iv)	Additional Information. The Bank shall have received such additional approvals, information or documents as the Bank or its legal counsel may reasonably request.

  

	 	(b)	No Default. No Default or Event of Default shall be continuing. 

  

	 	(c)	Representations and Warranties. All of the representations and warranties contained in the Loan Agreement shall be true and correct on and as of the date of this Amendment
No. 3 with the same force and effect as if such representations and warranties had been made on and as of such date. 

 5.
Ratification, Etc. The terms and provisions set forth in this Amendment No. 3 shall modify and supersede all inconsistent terms and provisions set forth in the Loan Agreement and except as expressly modified and superseded by this
Amendment No. 3, the terms and provisions of the Loan Agreement and all other Loan Documents are ratified and confirmed and shall continue in full force and effect. The Borrower and the Bank agree that the Loan Agreement as amended hereby shall
continue to be legal, valid, binding and enforceable in accordance with its terms. 
 6. Further Assurances. The Borrower will
execute and deliver such writings and take such other actions as the Bank may request from time to time to carry out the intent of the Loan Agreement, this Amendment No. 3 and the other Loan Documents and to perfect or give further assurances
of any right granted or provided for therein or herein. 
 7. Survival. All representations and warranties made in this
Amendment No. 3 or any other Loan Document including any Loan Document furnished in connection with this Amendment No. 3 shall survive the execution and delivery of this Amendment No. 3 and the other Loan Documents, and no
investigation by the Bank or any closing shall affect the representations and warranties or the right of the Bank to rely upon them. 
 8.
Counterparts, Etc. To facilitate execution, this Amendment No. 3 may be executed in any number of counterparts as may be convenient or necessary, and it shall not be necessary that the signatures of all parties hereto be contained
on any one counterpart hereof. Additionally, the parties hereto hereby agree that (a) the signature pages taken from separate individually executed counterparts of this Amendment No. 3 may be combined to form multiple fully executed
counterparts and (b) a facsimile transmission shall be deemed to be an original signature. All executed counterparts of this Amendment No. 3 shall be deemed to be originals, but all such counterparts taken together or collectively, as the
case may be, shall constitute one and the same agreement. 
 REMAINDER OF PAGE INTENTIONALLY BLANK 
  

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 THE LOAN AGREEMENT, AS AMENDED HEREBY, THE NOTE OF EVEN DATE HEREWITH AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3 effective as of the day and date first above written. 
  

			
	 STAKTEK HOLDINGS, INC.,
 a Delaware
corporation

		
	By:	 	/s/ W. Kirk Patterson
		 	 W. Kirk Patterson
 Senior Vice President
and
 Chief Financial Officer

	
	GUARANTY BANK
		
	By:	 	/s/ Mike McConnell
		 	 Mike McConnell
 Senior Vice
President

  

 6Third Amendment to Management Agreement dated as of January 1, 2007

 Exhibit 10.1 
 THIRD AMENDMENT 
 TO MANAGEMENT AGREEMENT 
 This Amendment is made as of January 1, 2007 to that certain Management Agreement made as of December 13, 2004 by and between Franklin Electronic Publishers, Inc., a
Pennsylvania corporation, with principal place of business at One Franklin Plaza, Burlington, New Jersey 08016-4907 (“Franklin” or “the Company”) and Centaurus Limited, a Hong Kong company, with principal place of business at
Room 2117 - 2124, Level 21, Tower 1, Metroplaza, 223 Hing Fong Road, Kwai Fong, N.T., Hong Kong SAR (“Centaurus”), as amended on June 13, 2005 and on December 13, 2005 (the “Agreement”). The parties wish to extend the Term of the
Agreement on the terms and conditions set forth in this Amendment and therefore agree as follows: 
  

	1.	Extension of the Term and Management Work: The Term of the Agreement is hereby extended to run from January 1, 2007 through March 31, 2008 subject to Franklin’s decision to
enter into a full time employment relationship with Baile on terms acceptable to Franklin and Baile (it being noticed that Franklin may, from time to time, compensate Baile directly as an employee for his work for Franklin within the boundaries of
the United States of America (“Direct Pay”). The Management Work to be performed by Baile during the extension of the Term shall be as directed by Barry Lipsky, President of Franklin. 

  

	2.	Payments: Paragraph 2 of the Agreement is modified as follows: During the extension of the Term as set forth above, Franklin agrees to pay to Centaurus as follows: for each one year
period during the Term for its acceptable performance of Management Work Franklin will pay to Centaurus the sum of US$216,000.00 less any Direct Pay paid to Baile on account of such one year period. For avoidance of doubt, for any period less than
one year in length, such payments shall be prorated. Further, Franklin may pay to Centaurus, or directly to Baile, any bonus recommended by Mr. Lipsky to the Stock Option and Compensation Committee (SOCC) of Franklin’s Board of Directors,
subject to their approval or adjustment, to be due and payable in consideration of the Management Work done by Baile under Franklin’s Senior Executive Bonus Plan for any year during the Term. 

  

	3.	General: This Amendment is the entire agreement relating to the matters set forth herein. Capitalized terms as used herein shall have the same meanings as used in the Agreement. All
provisions of the Agreement not modified or abrogated hereby shall remain in full force and effect. 

 IN WITNESS WHEREOF, INTENDING TO BE
LEGALLY BOUND HEREBY, the parties hereto have; executed this Amendment as of the date set forth below. 
  

			
	FRANKLIN ELECTRONIC PUBLISHERS, INC.
		
	By:	 	/S/ Barry J. Lipsky
		 	Barry J. Lipsky, President
	Date:	 	January 1, 2007
	
	CENTAURUS LIMITED
		
	By:	 	/S/ Matthew Baile
	Its:	 	Matthew Baile, Managing Director
	Date:	 	January 1, 2007

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