Document:

puredepth_8k-ex1021.htm

     

    Exhibit
      10.21

     

    
      

      K
        ONE W ONE LTD.

      

      WAIVER
        AGREEMENT

      PureDepth,
        Inc.

      

      

      1.           Holder
        Representations.   K One W One Ltd, its successors and
        assigns (the “Holder”) is the holder of (a) shares of Common Stock (“Common
        Stock”) of the PureDepth, Inc. (the “Company”) and (b) warrants to purchase
        shares of Common Stock (each such warrant, a “Warrant”)(collectively the Common
        Stock and Warrants may be referred to as the “Securities”).  The
        Holder is the sole and lawful owner of all right, title and interest in and
        to
        each such Securities, and is duly authorized to enter into this Waiver Agreement
        (the “Agreement”).  This Agreement, when executed by the Holder, will
        constitute a valid and binding obligation of the Holder enforceable in
        accordance with its terms.

      

      2.           Agreement.  For
        consideration, the receipt and adequacy of which hereby is acknowledged,
        the
        Holder hereby agrees as follows:

       

      (a)           Waiver
        of Registration Rights.  The Holder hereby waives any and all
        rights (whether pursuant to a subscription agreement, a warrant agreement
        or any
        other written or oral agreement with the Company) to obligate the Company
        to (i)
        register any securities of the Company held by the Holder as of the date
        hereof,
        including without limitation the Common Stock and any shares issued or issuable
        upon exercise of any Warrants, or (ii) provide notice to the Holder or take
        any
        other action with respect to any registration of securities of the
        Company.

       

      (b)           Except
        as modified by this Agreement, all terms and conditions of the Warrants shall
        remain in full force and effect.

      

      2.           Miscellaneous.  This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of Delaware without regard to its conflicts-of-law
        provisions.  This Agreement may be executed in counterparts, each of
        which shall be deemed an original and all of which taken together shall
        constitute one and the same instrument.  The provisions of this
        Agreement shall extend to and be binding upon the legal successor and assigns
        of
        the parties hereto.

      
 

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF,  the parties hereto have caused this Agreement to be
        executed and delivered by each of them or their respective officers thereunto
        duly authorized, all as of the dates set forth below (the latter of which
        shall
        be deemed the effective date of this Agreement).

      

       

      
        	 	
                COMPANY:

              
	 	 
	 	
                PUREDEPTH,
                  INC.

              
	 	
                 

                By:
                  /s/ Jonathan J. McCaman

              
	 	
                Jonathan
                  J. McCaman, Chief Financial Officer

                 

                Date:  August
                  2, 2007

              

      

      

       

      
        	 	
                HOLDER:

              
	 	 
	 	
                K
                  One W One, Ltd.

              
	 	 
	 	
                By:
                  /s/ Bryan Mayo-Smith

              
	 	
                 

                Name:
                  Bryan
                  Mayo-Smith                                                                    

                 

                Title:
                  Director                                                                    

              
	 	 
	 	
                Date:  July
                  31, 2007

              

      

       

       

      

       

    

    
      Page
        2 of
        2Filed by Bowne Pure Compliance

 

Exhibit 10(a)

July 30, 2007

Mr. Larry Kraft

[Address]

Dear Larry,

The Compensation Committee of the Board of Directors has approved the following modification to
your terms and conditions of employment with Digi International. This modification deletes all
aspects of the severance agreement communicated to you in your February 4, 2003 offer letter and
replaces it with the following:

Severance Agreement

If Digi International should involuntarily terminate your employment at any time in the future for
reasons other than Cause, you will be provided with the following severance package in exchange for
a full release of claims against the Company:

	 	1)	 	Twelve months of base salary in effect at the time of termination. This shall
be paid in a lump sum as soon as administratively feasible after the later of the date
of termination or the date the release of claims has become irrevocable.
	 
	 	2)	 	A pro-rata bonus based on number of months worked in the fiscal year prior to a
qualifying termination and the Company’s actual performance against annual objections.
This pro-rata bonus shall be paid no later than 2.5 months after the close of the
fiscal year in which the qualifying termination occurs.

For purposes of this agreement, “Cause” shall mean only the following: (i) indictment or
conviction of, or a plea of nolo contendere to, (A) any felony (other than any felony arising out
of negligence), or any misdemeanor involving moral turpitude with respect to the Company, or (B)
any crime or offense involving dishonesty with respect to the Company; (ii) theft or embezzlement
of Company property or commission of similar acts involving dishonesty or moral turpitude; (iii)
material negligence in the performance of your job duties after notice; (iv) failure to devote
substantially all of his working time and efforts during normal business hours to the Company’s
business; or (v) knowing engagement in conduct which is materially injurious to the Company.

 

 

 

Larry Kraft, July 30, 2007, pg 2

To acknowledge your receipt and acceptance of this modification, please sign and return a copy of
this letter to me.

Sincerely,

/s/ Tracy Roberts

Tracy Roberts

VP, Human Resources & IT

I accept the modification to my terms and conditions of employment as outlined in this letter:

	 	 	 
	/s/Lawrence A. Kraft

	 	8/01/07
	 

	 	 
	Lawrence Kraft

	 	DateFiled by Bowne Pure Compliance

 

Exhibit 10(b)

July 30, 2007

Mr. Joel Young

[Address]

Dear Joel,

The Compensation Committee of the Board of Directors has approved the following addition to your
terms and conditions of employment with Digi International:

Severance Agreement

If Digi International should involuntarily terminate your employment at any time in the future for
reasons other than Cause, you will be provided with the following severance package in exchange for
a full release of claims against the Company:

	 	1)	 	Twelve months of base salary in effect at the time of termination. This shall
be paid in a lump sum as soon as administratively feasible after the later of the date
of termination or the date the release of claims has become irrevocable.
	 
	 	2)	 	A pro-rata bonus based on number of months worked in the fiscal year prior to a
qualifying termination and the Company’s actual performance against annual objections.
This pro-rata bonus shall be paid no later than 2.5 months after the close of the
fiscal year in which the qualifying termination occurs.

For purposes of this agreement, “Cause” shall mean only the following: (i) indictment or
conviction of, or a plea of nolo contendere to, (A) any felony (other than any felony arising out
of negligence), or any misdemeanor involving moral turpitude with respect to the Company, or (B)
any crime or offense involving dishonesty with respect to the Company; (ii) theft or embezzlement
of Company property or commission of similar acts involving dishonesty or moral turpitude; (iii)
material negligence in the performance of your job duties after notice; (iv) failure to devote
substantially all of his working time and efforts during normal business hours to the Company’s
business; or (v) knowing engagement in conduct which is materially injurious to the Company.

Sincerely,

/s/ Tracy Roberts

Tracy Roberts

VP, Human Resources & ITFiled by Bowne Pure Compliance

 

Exhibit 10.1

AMENDMENT NO. 3

AMENDMENT NO. 3 dated
as of June 11, 2007 between MCC IOWA LLC, a limited liability company duly
organized and validly existing under the laws of the State of Delaware
(“MCC Iowa”); MCC ILLINOIS LLC, a limited liability company
duly organized and validly existing under the laws of the State of Delaware
(“MCC Illinois”); MCC GEORGIA LLC, a limited liability
company duly organized and validly existing under the laws of the State of
Delaware (“MCC Georgia”); and MCC MISSOURI LLC, a limited
liability company duly organized and validly existing under the laws of the
State of Delaware (“MCC Missouri”, and, together with MCC
Iowa, MCC Illinois and MCC Georgia, the “Borrowers”); and
the Tranche D Term Loan Lenders executing this Amendment No. 3 each of
which is a party to the Amendment and Restatement referred to below.

The Borrowers, the
lenders party thereto, and JPMorgan Chase Bank, N.A., in its capacity as
Administrative Agent thereunder, are parties to an Amendment and Restatement
dated as of December 16, 2004 of the Credit Agreement dated as of
July 18, 2001 (as modified and supplemented and in effect from time to
time, the “Amendment and Restatement”).

The Borrowers and the
Tranche D Term Loan Lenders wish now to amend the Amendment and Restatement in
certain respects, and accordingly, the parties hereto hereby agree as follows:

Section 1.
Definitions. Except as otherwise defined in this Amendment No. 3,
terms defined in the Amendment and Restatement are used herein as defined
therein.

Section 2.
Amendments. Subject to the satisfaction of the conditions precedent
specified in Section 4 below, but effective as of the date hereof, the
Amendment and Restatement shall be amended as follows:

2.01. References
Generally. References in the Amendment and Restatement (including
references to the Amendment and Restatement as amended hereby) to “this
Agreement” (and indirect references such as “hereunder”,
“hereby”, “herein” and “hereof”) shall be
deemed to be references to the Amendment and Restatement as amended hereby.

Amendment No. 3

1

 

- 2 -

2.02. Certain Cure
Rights. Section 9.02(b) of the Amendment and Restatement is hereby
relettered as Section 9.02(c) and a new Section 9.02(b) is inserted
as follows:

“(b) Total Leverage Ratio – Tranche D Term
Loans. Notwithstanding the provisions of Section 9.01 hereof, but
without limiting the obligations of the Borrowers under Section 8.10(d)
hereof, a breach by the Borrowers as of the last day of any fiscal quarter or
any fiscal year of its obligations under said Section 8.10(d) shall not
constitute an Event of Default hereunder (except for purposes of Section 6
hereof) until the date (for purposes of this clause (b), the “Cut-
Off Date”) which is the earlier of the date thirty days after
(a) the date the financial statements for the Borrowers and their
Subsidiaries with respect to such fiscal quarter or fiscal year, as the case
may be, are delivered pursuant to Section 8.01(a) or 8.01(b) hereof or
(b) the latest date on which such financial statements are required to be
delivered pursuant to said Section 8.01(a) or 8.01(b), provided
that, if following the last day of such fiscal quarter or fiscal year and prior
to the Cut-Off Date, the Borrowers shall have received Cure Monies (and shall
have applied the proceeds thereof to the prepayment of the Loans hereunder,
which prepayment, in the case of Affiliate Subordinated Indebtedness, shall be
effected in the manner provided in Section 8.14(a) hereof), or shall have
prepaid the Loans hereunder from available cash, in an amount sufficient to
bring the Borrowers into compliance with said Section 8.10(d) assuming
that the Total Leverage Ratio, as of the last day of such fiscal quarter or
fiscal year, as the case may be, were recalculated to subtract such prepayment
from the aggregate outstanding amount of Indebtedness, then such breach or
breaches shall be deemed to have been cured; provided, further,
that breaches of Section 8.10 hereof (including pursuant to
paragraph (a) above) may not be deemed to be cured pursuant to this
Section 9.02 (x) more than three times during the term of this
Agreement or (y) during consecutive fiscal quarters.”

Section 3.
Representations and Warranties. Each Obligor represents and warrants to
the Lenders and the Administrative Agent, as to itself and each of its
subsidiaries, that (a) the representations and warranties set forth in
Section 7 (as hereby amended) of the Amendment and Restatement, and in
each of the other Loan Documents, are true and complete on the date hereof as
if made on and as of the date hereof (or, if any such representation or
warranty is expressly stated to have been made as of a specific date, such
representation or warranty shall be true and correct as of such specific date),
and as if each reference in said Section 7 to “this Agreement”
included reference to this Amendment No. 3 and (b) no Default or
Event of Default has occurred and is continuing.

Section 4.
Conditions Precedent. The amendments set forth in Section 2 hereof
shall become effective, as of the date hereof, upon the execution and delivery
of this Amendment No. 3 by the Borrowers and the Majority Lenders,
consisting, as provided in the Amendment and Restatement, of Tranche D Term
Loan Lenders having outstanding Tranche D Term Loans representing more than 50%
of the total outstanding Tranche D Term Loans.

Amendment No. 3

2

 

- 3 -

Section 5.
Miscellaneous. Except as herein provided, the Amendment and Restatement
shall remain unchanged and in full force and effect. This Amendment No. 3
may be executed in any number of counterparts, all of which taken together
shall constitute one and the same amendatory instrument and any of the parties
hereto may execute this Amendment No. 3 by signing any such counterpart.
This Amendment No. 3 shall be governed by, and construed in accordance
with, the law of the State of New York.

Section 6.
Confirmation of Security Documents. Each of the Borrowers hereby
confirms and ratifies all of its obligations under the Loan Documents to which
it is a party. By its execution on the respective signature lines provided
below, each of the Obligors hereby confirms and ratifies all of its obligations
and the Liens granted by it under the Security Documents to which it is a
party, represents and warrants that the representations and warranties set
forth in such Security Documents are complete and correct on the date hereof as
if made on and as of such date and confirms that all references in such
Security Documents to the “Credit Agreement” (or words of similar
import) refer to the Amendment and Restatement as amended hereby without
impairing any such obligations or Liens in any respect.

Amendment No. 3

3

 

- 4 -

IN WITNESS WHEREOF,
the parties hereto have caused this Amendment No. 3 to Amendment and
Restatement to be duly executed and delivered as of the day and year first
above written.

BORROWERS

MCC GEORGIA LLC

MCC ILLINOIS LLC 

MCC IOWA LLC 

MCC MISSOURI LLC

By Mediacom Broadband
LLC, a Member 

By Mediacom Communications Corporation, a Member

By:
/s/                                                                      

Name:

Title:

MEDIACOM BROADBAND LLC

By Mediacom
Communications Corporation, a Member

By:
/s/                                                                      

Name:

Title:

MEDIACOM
COMMUNICATIONS 

CORPORATION

By:
/s/                                                                      

Name:

Title:

Amendment No. 3

4

 

- 5 -

LENDERS

                                                                             

                  [Name
of Institution]

By:
/s/                                                                  

Name:

Title:

Amendment No. 3

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}]]