Document:

Release of Claims

 Exhibit 10.1 
  
 RELEASE OF CLAIMS 
  
 1. PARTIES. 
  
 The parties to Release of Claims (hereinafter “Release”) are Anaya Vardya (“Vardya”) and Merix Corporation, an Oregon corporation, as
hereinafter defined. 
  
 1.1 Executive. 
  
 For the purposes of this Release, “Executive” means Vardya and his
attorneys, heirs, executors, administrators, assigns, and spouse. 
  
 1.2 The
Company. 
  
 For purposes of this Release the
“Company” means Merix Corporation, an Oregon corporation, its predecessors and successors, corporate affiliates, and all of each corporation’s officers, directors, employees, insurers, agents, or assigns, in their individual and
representative capacities. 
  
 2. BACKGROUND AND PURPOSE.

  
 Executive was employed by Company. Executive’s
employment is ending effective May 27, 2005. 
  
 The purpose of
this Release is to settle, and the parties hereby settle, fully and finally, any and all claims Executive may have against Company, whether asserted or not, known or unknown, including, but not limited to, claims arising out of or related to
Executive’s employment, any claim for reemployment, or any other claims whether asserted or not, known or unknown, past or future, that relate to Executive’s employment, reemployment, or application for reemployment. 
  
 3. RELEASE. 
  
 Except as reserved in paragraphs 3 or 3.1, Executive waives, acquits and
forever discharges Company from any obligations Company has and all claims Executive may have including but not limited to obligations and/or claims arising from the Agreement or any other document or oral agreement relating to employment
compensation, benefits severance or post-employment issues. Except as reserved in Paragraph 3.1, Executive hereby releases Company from any and all claims, demands, actions, or causes of action, whether known or unknown, arising from or related in

 any way to any employment of or past or future failure or refusal to employ Executive by Company, or any other past or
future claim (except as reserved by this Release or where expressly prohibited by law) that relates in any way to Executive’s employment, compensation, benefits, reemployment, or application for employment, with the exception of any claim
Executive may have against Company for enforcement of this Release. This Release includes any and all claims, direct or indirect, which might otherwise be made under any applicable local, state or federal authority, including but not limited to any
claim arising under the Oregon statutes dealing with employment, discrimination in employment, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Americans With Disabilities Act, the Family and Medical Leave Act of 1993,
the Equal Pay Act of 1963, Executive Order 11246, the Rehabilitation Act of 1973, the Uniformed Services Employment and Reemployment Rights Act of 1994, the Age Discrimination in Employment Act, the Fair Labor Standards Act, Oregon wage and hour
statutes, all as amended, any regulations under such authorities, and any applicable contract, tort, or common law theories. 
  
 3.1 Reservations of Rights. 
  
 This Release shall not affect any rights which Executive may have under any medical insurance, disability plan, workers’ compensation, unemployment
compensation, applicable company stock incentive plan(s), indemnifications, or the 401 (k) plan maintained by the Company. 
  
 3.2 No Admission of Liability. 
  
 It is understood and agreed that the acts done and evidenced hereby and the release granted hereunder is not an admission of liability on the part of
Executive or Company, by whom liability has been and is expressly denied. 
  
 4. CONSIDERATION TO EXECUTIVE. 
  
 After receipt of this Release fully endorsed by Executive, and the expiration of the seven (7) day revocation period provided by the Older Workers Benefit Protection Act without Executive’s revocation, Company shall pay: 
  
 (a) the lump sum of Two hundred four thousand and 00/100 Dollars ($204,000)
to Executive (less proper withholding) for severance and the reasonable estimate of COBRA continuation coverage as provided in Sections 3.1 and 3.2 ; 
  
 (b) Company will pay up to $12,500 directly to the third party outplacement firm selected by Executive for up to one year’s outplacement services as
needed/$12,500 (less proper withholding) in lieu of outplacement services; 

 (c) the amount of annual cash incentive, if any is earned, when due based on the terms of Section 3.3 of
the Agreement. 
  
 5. NO DISPARAGEMENT. 
  
 Executive agrees that henceforth Executive will not disparage or make false
or adverse statements about Company. The Company should report to Executive any actions or statements that are attributed to Executive that the Company believes are disparaging, The Company may take actions consistent with breach of this Release
should it determine that Executive has disparaged or made false or adverse statements about Company. The Company agrees to follow the applicable policy(ies) regarding release of employment reference information. 
  
 6. CONFIDENTIALITY, PROPRIETARY, TRADE SECRET 
 AND RELATED INFORMATION. 
  
 Executive acknowledges the duty and agrees not to make unauthorized use or disclosure of any confidential, proprietary or trade secret information learned
as an employee about Company, its products, customers and suppliers, and covenants not to breach that duty. Moreover, Executive acknowledges that, subject to the enforcement limitations of applicable law, the Company reserves the right to enforce
the terms of Executive’s Employment Agreement with Company and any paragraph(s) therein. Should Executive, Executive’s attorney or agents be requested in any judicial, administrative, or other proceeding to disclose confidential,
proprietary or trade secret information Executive learned as an employee of Company, Executive shall promptly notify the Company of such request by the most expeditious means in order to enable the Company to take any reasonable and appropriate
action to limit such disclosure. 
  
 7. ARBITRATION OF CERTAIN
DISPUTES. 
  
 Executive and Company agree that should the
issue arise of whether either party to this Release has failed to satisfy or has breached the terms of this Release, any dispute regarding the issue, except for any claim excepted under the Mutual Agreement to Arbitration Claims, shall be submitted
to arbitration pursuant to the Mutual Agreement to Arbitrate Claims signed by Executive. In such event, each party shall pay its own costs and attorneys’ fees notwithstanding contrary language in the Mutual Agreement to Arbitrate Claims.

  
 8. SCOPE OF RELEASE. 
  
 The provisions of this Release shall be deemed to obligate, extend to, and
inure to the benefit of the parties; Company’s parents, subsidiaries, affiliates, successors, 

 predecessors, assigns, directors, officers, and employees; and each parties insurers, transferees, grantees, legatees,
agents and heirs, including those who may assume any and all of the above-described capacities subsequent to the execution and effective date of this Release. 
  

9. COOPERATION IN LITIGATION 
  
 Company is a defendant in In Re Merix Corporation Securities Litigation, United States District Court Case No.CV-04-A26-MO and Company and
Executive are defendants jointly in In Re Merix Corporation Derivative Litigation, Circuit Court for the State of Oregon for the County of Multnomah Lead Case No. 040706807 (jointly “Litigations”). Nothing in this Release shall
alter the obligations Merix has or has undertaken with respect to defense and indemnification of Executive in the Litigations. 
  
 Executive agrees to reasonably cooperate and provide assistance to counsel for Company relating to the Litigations and any and all pending and future
litigation or other legal disputes, including arbitrations, for which Executive may have information. Executive shall, upon appropriate oral or written request, make himself available to Company and its counsel and provide any information Executive
may have relating to the Litigations or any other pending or future litigation. Executive shall use his best efforts to provide information sought by Company. Executive shall make himself available for depositions and/or trials and for interviews
prior to said depositions and/or trials. Company shall reimburse Executive for any reasonable travel expenses incurred in making himself available for any deposition, trial or interview. Executive shall be required only to provide complete, candid
and truthful information and testimony in such interview, deposition or trial. 
  
 10. OPPORTUNITY FOR ADVICE OF COUNSEL. 
  
 Executive acknowledges that Executive has been encouraged to seek advice of counsel with respect to this Release and has had the opportunity to do so. 
  
 11. ENTIRE RELEASE. 
  
 This Release, the Mutual Agreement to Arbitrate Claims, as modified herein and the Employment Agreement signed by Executive contain the entire agreement
and understanding between the parties and, except as reserved in paragraph 3 and 3.1, supersede and replace all prior agreements written or oral including but not limited to the Agreement and the Executive Stock Bonus Agreement, prior negotiations
and proposed agreements, written or oral. Executive and Company acknowledge that no other party, nor agent nor attorney of any other party, has made any promise, 

 representation, or warranty, express or implied, not contained in this Release concerning the subject matter of this
Release to induce this Release, and Executive and Company acknowledge that they have not executed this Release in reliance upon any such promise, representation, or warranty not contained in this Release. 
  
 12. SEVERABILITY. 
  
 Every provision of this Release is intended to be severable. In the event any
term or provision of this Release is declared to be illegal or invalid for any reason whatsoever by a court of competent jurisdiction or by final and unappealed order of an administrative agency of competent jurisdiction, such illegality or
invalidity should not affect the balance of the terms and provisions of this Release, which terms and provisions shall remain binding and enforceable. 
  
 13. PARTIES MAY ENFORCE RELEASE. 
  
 Nothing in this Release shall operate to release or discharge any parties to this Release or their successors, assigns, legatees, heirs, or personal
representatives from any rights, claims, or causes of action arising out of, relating to, or connected with a breach of any obligation of any party contained in this Release. 
  
 14. COSTS AND ATTORNEY’S FEES. 
  
 The parties each agree to bear their own costs and attorney’s fees which have been or may be incurred in connection
with any matters released herein or in connection with the negotiation and consummation of this Release. In the event of any administrative or civil action to enforce the provisions of this Release, the prevailing party shall be entitled to
attorney’s fees and costs through trial and/or on appeal. 
  
 15. ACKNOWLEDGMENTS. 
  
 Executive acknowledges
that the Release provides severance pay and benefits which the Company would otherwise have no obligation to provide. 
  
 16. NOTICE TO EMPLOYEE (40 YEARS OF AGE OR 
 OLDER). 
  
 This
Release contains a full release of any claim under the federal Age Discrimination in Employment Act (the “Act”), which means in part that Executive is granted the following rights: 
  
 16.1 Period To Consider. Under the Act, Executive has the right to
take up to 21 days to consider and accept the terms of this Release. He may accept in less time by signing and delivering the Release to Company. Executive is urged to use as many of the 21 days as he deems necessary to consider this Release and to
consult with his attorney about it. Executive acknowledges that he has been given at least 21 days to consider this Release and that his decision to sign this Release has been made knowingly and voluntarily, without any duress or coercion and with
the full intent of releasing Company of all known and unknown claims arising prior to the Release. 

 16.2 Revocation Period. Under the Act, Executive has the right to revoke this Release within seven
(7) days of the date on which he signs this Release. If Executive revokes the Release, then the Release shall become null and void, meaning Executive will not receive any payment as set forth in the Release. To be effective, Executive’s
revocation must be in writing and returned to Company’s counsel of record, Calvin L. Keith at Perkins Coie LLP, 1120 NW Couch Street, 10th Floor, Portland, OR 97209-4128, within seven (7) calendar days of the date on which Executive first signs this Release. 
  

	
	
 Anaya Vardya

  

					
	STATE OF OREGON	  	)	  	 
	 	  	)	  	ss.
	COUNTY OF                                    
         	  	)	  	 

  
 On this
             day of
                                , 2005, personally appeared before me the above
named individual, and acknowledged the foregoing instrument to be his voluntary act and deed. 
  

			
	

	
	Name_________________________________________
	
	Notary Public for the State of Oregon
	
	My commission expires:____________________________

  
 MERIX CORPORATION 
  

			
	By	 	  

	Its	 	  

	Dated	 	  

  
 On Behalf of CompanyExecutive Severance Agreement

 Exhibit 10.2 
  
 EXECUTIVE SEVERANCE AGREEMENT 
  

			
	 Steve Robinson
	 	December 8, 2004

  
 Data Circuit Systems, Inc. 

 
 Data Circuit Systems, Inc. (“the Company”) is a wholly owned
subsidiary of Merix Corporation (“Parent”). (The term “Employer” is used in this Agreement to mean either the Company or Parent, whichever employs Executive upon Termination of Executive’s Employment (as defined in Section
8.1). The Company considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of the Company, Parent and its shareholders. In this connection, the Company recognizes
that, as is the case with many corporations, the possibility of a change of control may exist and that such possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of management
personnel to the detriment of the Company, Parent and its shareholders. In order to induce Steve Robinson (“Executive”) to remain employed by the Company or Parent in the face of uncertainties about the long-term strategies of the Company
and Parent and possible change of control of the Company or Parent and their potential impact on Executive’s position with the Company or Parent, this Agreement, which has been approved by the Board of Directors of the Company, sets forth the
severance benefits that Executive will receive in the event Executive’s employment is terminated under the circumstances described in this Agreement. 
  
 1. Employment Relationship. 
  
 Executive is currently employed by the Company as President pursuant to a written Employment Agreement. Executive and the Company acknowledge that either
party may terminate this employment relationship pursuant to the terms of that Employment Agreement, subject to the obligation to provide the severance benefits specified in this Agreement in accordance with the terms hereof. 

 2. Release of Claims. 
  
 In consideration for and as a condition precedent to receiving the severance benefits outlined in this Agreement, Executive
agrees to execute and deliver to Employer a Release of Claims in the form attached as Exhibit A (“Release of Claims”) that will be delivered to Executive on the date of Termination of Executive’s Employment. 
  
 3. Additional Compensation Upon Termination. 
  
 In addition to unpaid salary and other wages, if any, payable to Executive
through the date of Termination of Executive’s Employment, in the event of a Termination of Executive’s Employment at any time other than for Cause (as defined in Section 8.2 of this Agreement), death or Disability (as defined in Section
8.4 of this Agreement), and contingent upon Executive’s execution of the Release of Claims and compliance with Section 10 of this Agreement, Executive shall be entitled to the following benefits: 
  
 3.1 As severance pay and in lieu of any other compensation for periods
subsequent to the date of Termination of Executive’s Employment, Employer shall pay Executive, in a single payment after employment has ended and eight days have passed following execution of the Release of Claims without revocation, an amount
in cash equal to one year of Executive’s annual base pay at the rate in effect immediately prior to the date of Termination of Executive’s Employment. 
  

3.2 Executive is entitled to extend coverage under any group health plan in which Executive and Executive’s dependents are enrolled at the time of
Termination of Executive’s Employment under the COBRA continuation laws for the 18-month statutory period, or for as long as Executive remains eligible under COBRA. Employer will pay Executive a lump sum payment in an amount equivalent to the
reasonably estimated cost Executive may incur to extend for a period of 18 months under the COBRA continuation laws Executive’s group health and dental plan coverage in effect at the time of Termination of Executive’s Employment, such
payment to be made no later than 2 1/2 months following the year in which the Termination of Executive’s
Employment occurs. Executive may use this payment, as well as any payment made under Section 3.1, for such COBRA continuation coverage or for any other purpose. 
  
 3.3 Executive shall be entitled to a portion of the benefits under any annual cash incentive plans in effect at the time of
Termination of Executive’s Employment equal to the greater of (a) 50 percent of Executive’s target benefit under such plan for the year or (b) a prorated amount representing the portion of the plan year during 

 
which Executive was a participant. For purposes of this Agreement, Executive’s participation in any such plan will be considered to have ended on
Executive’s last day of active employment. In making the proration calculation, the amount of Executive’s award if Executive had been a participant for the full incentive period shall be divided by the total number of days in the incentive
period, and the result multiplied by the actual number of days Executive participated in the plan. The payment amount shall be calculated at the end of the incentive period and the amount shall not be due and payable to Executive until the date that
all awards are payable to other eligible employees after the close of the incentive period, but in no event later than 2 1/2 months following the year in which the Termination of Executive’s Employment occurs. Notwithstanding the foregoing, Executive may elect at any time after Termination of Executive’s Employment and before such payment, by
written notice to Employer, to receive 50 percent of Executive’s target benefit instead of the prorated amount, in which case the payment shall be made within 20 days of such election. If the applicable plan provides for a greater payment for a
participant whose employment terminates prior to the end of an incentive period, the applicable plan payment shall be made. Executive acknowledges that this Section 3.3 modifies and supersedes any payment provisions under any existing or future
bonus plan. 
  
 3.4 Employer will pay up to $12,500 to a
third-party outplacement firm selected by Executive to provide career counseling assistance to Executive for a period of one year following the date of Termination of Executive’s Employment. Executive may elect to receive the $12,500 in cash in
lieu of payment to a third-party outplacement firm payable no later than 2 1/2 months following the year in which
the Termination of Executive’s Employment occurs. 
  
 3.5 All outstanding stock options, restricted stock, stock bonuses or other stock awards shall be governed by the terms of the applicable agreement or plan. 
  
 4. Additional Compensation Upon Termination Following a Change of Control. 
  
 In the event of a Termination of Executive’s Employment other than for
Cause, death or Disability within 24 months following a Change of Control (as defined in Section 8.3), or prior to a Change of Control at the direction of a person who has entered into an agreement with the Company or Parent, the consummation of
which will constitute a Change of Control, and contingent upon Executive’s execution of the Release of Claims and compliance with Sections 5 and 10, Executive shall be entitled to the following benefits, which benefits shall be in addition to
the benefits provided in Section 3: 
  
 4.1 Employer shall pay
Executive, in a single payment within the later of (a) eight days after the last day of employment, including employment during the up-to-six-months-employment period referred to in Section 5 if the Company, Parent or the surviving company has
requested Executive to continue employment during such period and (b) eight days after execution of the Release of Claims without revocation, an amount in cash equal to one year of Executive’s annual base pay at the rate in effect immediately
prior to the date of Termination of Executive’s Employment. 

 4.2 Executive shall be entitled to receive an amount such that the amount payable pursuant to Section 3.3
plus the amount payable pursuant to this Section 4.2 equals 100 percent of the Executive’s target benefit for the year under annual cash incentive plans in effect at the time of Termination of Executive’s Employment. The amount payable
pursuant to Section 4.2 shall be paid on the same date that the Section 4.1 payment is payable. 
  
 4.3 Employer shall maintain in full force and effect, at its sole cost and expense, for Executive’s continued benefit for a period terminating 18
months after the date of Termination of Executive’s Employment, a life insurance policy insuring Executive’s life with coverage equal to two times Executive’s annual base pay in effect immediately prior to Termination of
Executive’s Employment, provided that Executive’s continued participation is possible under the general terms and provisions of such policy. At Executive’s election, or if Executive’s continued participation in such policy is
barred, Employer shall make a lump-sum payment to Executive equal to the total premiums that would have been paid by Employer for such 18-month period, such payment to be made no later than 2 1/2 months following the year in which the Termination of Executive’s Employment occurs. The maximum amount that Employer shall be obligated to pay
pursuant to this Section 4.3 in premiums and payments to Executive shall be $5,000. 
  
 4.4 The possibility of forfeiture to the Company or Parent, as the case may be, of all stock issued to Executive under all Executive Stock Bonus Agreements shall immediately lapse. 
  
 4.5 All outstanding stock options held by Executive under all stock option
and stock incentive plans of the Company or Parent shall become immediately exercisable in full and shall remain exercisable until the earlier of (a) two years after Termination of Executive’s Employment or (b) the option expiration date as set
forth in the applicable option agreement. 
  
 4.6 Notwithstanding
any provision in this Agreement, in the event that Executive would receive a greater after-tax benefit from the Capped Benefit (as 

 
defined in the next sentence) than from the payments pursuant to this Agreement (the “Specified Benefits”), the Capped Benefit shall be paid to
Executive and the Specified Benefits shall not be paid. The Capped Benefit is the Specified Benefits, reduced by the amount necessary to prevent any portion of the Specified Benefits from being “parachute payments” as defined in Section
280G(b)(2) of the Internal Revenue Code of 1986, as amended (“IRC”), or any successor provision. For purposes of determining whether Executive would receive a greater after-tax benefit from the Capped Benefit than from the Specified
Benefits, there shall be taken into account all payments and benefits Executive will receive upon a Change in Control (collectively, excluding the Specified Benefits, the “Change of Control Payments”). To determine whether Executive’s
after-tax benefit from the Capped Benefit would be greater than Executive’s after-tax benefit from the Specified Benefits, there shall be subtracted from the sum of the before-tax Specified Benefits and the Change of Control Payments (including
the monetary value of any non-cash benefits) any excise tax that would be imposed under IRC § 4999 and all federal, state and local taxes required to be paid by Executive in respect of the receipt of such payments, assuming that such payments
would be taxed at the highest marginal rate applicable to individuals in the year in which the Specified Benefits are to be paid or such lower rate as Executive advises Employer in writing is applicable to Executive. 
  
 4.7 If Executive’s employment with Employer terminates for any reason
prior to a Change of Control, other than at the direction of a person who has entered into an agreement with the Company or Parent, the consummation of which will constitute a Change of Control, Executive shall not be entitled to benefits under
Section 4 of this Agreement. 
  
 5. Additional Service.

  
 Executive agrees that, if requested by the Employer or the
surviving company following a Change of Control, Executive will continue his or her employment with Employer or the surviving company for a period of up to six months following the Change of Control in any capacity requested by Employer or the
surviving company consistent with Executive’s areas of professional expertise. During this period Executive shall receive the same salary and substantially the same benefits as in effect prior to the Change of Control. Executive shall not be
entitled to any benefits provided by Section 4 if Executive fails to perform in accordance with this Section 5. 
  
 6. Tax Withholding; Subsequent Employment. 
  
 6.1 All payments provided for in this Agreement are subject to applicable tax withholding obligations imposed by federal, state and local laws and
regulations. 

 6.2 The amount of any payment provided for in this Agreement shall not be reduced, offset or subject to
recovery by the Company or Parent by reason of any compensation earned by Executive as the result of employment by another employer after Termination of Executive’s Employment. 
  
 7. Other Agreements. 
  
 This Agreement replaces and supersedes any severance agreement or other similar agreement between Executive and the Company or Parent entered into prior
to the date of this Agreement. In the event that severance benefits are payable to Executive under any other agreement with the Company or Parent in effect at the time of Termination of Executive’s Employment (including but not limited to any
employment agreement, but excluding for this purpose any stock option agreement or stock bonus agreement or stock appreciation right agreement that may provide for accelerated vesting or related benefits upon the occurrence of a Change in Control),
the benefits provided in this Agreement shall not be payable to Executive. Executive may, however, elect to receive all of the benefits provided for in this Agreement in lieu of all of the benefits provided in all such other agreements. Any such
election shall be made with respect to the agreements as a whole, and Executive may not select some benefits from one agreement and other benefits from this Agreement. 
  
 8. Definitions. 
  
 8.1 Termination of Executive’s Employment. 
  
 “Termination of Executive’s Employment” means that Employer has terminated Executive’s employment (including termination of employment
with any subsidiary of the Company or Parent). For purposes of Section 3, if Executive is assigned additional or different titles, tasks or responsibilities from those currently held or assigned, consistent with Executive’s areas of
professional expertise, with no decrease in annual base compensation, and with no requirement that Executive be based more than 50 miles from where Executive’s office is located on the date of this Agreement, whether at the Parent, Company or
any subsidiary of the Company or Parent, such circumstances shall not constitute a Termination of Executive’s Employment. For purposes of Section 4, Termination of Executive’s Employment shall include termination by Executive, within 24
months of a Change of Control, by written notice to Employer referring to the applicable paragraph of Section 8.1, for “Good Reason” based on: 
  
 (a) the assignment to Executive of a different title, job or responsibilities that results in a decrease in the level of responsibility of Executive with
respect to the surviving company after the Change of Control when compared to Executive’s level of 

 
responsibility for Employer’s operations prior to the Change of Control; provided that Good Reason shall not exist if Executive continues to have the
same or a greater general level of responsibility for the former Employer operations after the Change of Control as Executive had prior to the Change of Control even if the former Employer operations are a subsidiary or division of the surviving
company and such operations receive the same or greater budget than before the Change of Control; 
  
 (b) a reduction by Employer or the surviving company in Executive’s annual base pay as in effect immediately prior to the Change of Control;

  
 (c) a significant reduction by Employer or the surviving
company in total benefits available to Executive under cash incentive, stock incentive and other employee benefit plans after the Change of Control compared to the total package of such benefits as in effect prior to the Change of Control;

  
 (d) a requirement by Employer or the surviving company that
Executive be based more than 50 miles from where Executive’s office is located immediately prior to the Change of Control, except for required travel on company business to an extent substantially consistent with the business travel obligations
that Executive undertook on behalf of the Employer prior to the Change of Control; 
  
 (e) the failure by the Company or Parent to obtain from any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company or Parent, as the case may be the assent to this Agreement contemplated by Section 9 hereof; or 
  
 (f) the failure of Employer or its affiliates to support Employer by providing the working capital for Employer to grow and meet its budgeted EBITDA or to
purchase the capital equipment reasonably necessary to produce the products necessary to meet its financial targets. 
  
 8.2 Cause. 
  
 Termination of Executive’s Employment for “Cause” shall mean termination upon (a) the willful and continued failure by Executive to perform
substantially Executive’s reasonably assigned duties with Employer (other than any such failure resulting from Executive’s incapacity due to physical or mental illness) after a demand for substantial performance is delivered to Executive
by the Board of Directors of Employer that specifically identifies the manner in which the Board believes that Executive has not substantially performed Executive’s duties or (b) the willful engaging by Executive in illegal conduct that is
materially and demonstrably injurious to the Company or Parent. No act, or failure to act, on Executive’s part shall be 

 
considered “willful” unless done, or omitted to be done, by Executive without reasonable belief that Executive’s action or omission was in, or
not opposed to, the best interests of the Company or Parent. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company or Parent shall be
conclusively presumed to be done, or omitted to be done, by Executive in the best interests of the Company or Parent. 
  
 8.3 Change of Control. 
  
 A Change of Control shall mean that one of the following events has taken place: 
  
 (a) The shareholders of the Company approve one of the following: 
  
 (i) Any merger or statutory plan of exchange involving the Company
(“Company Merger”) in which the Company is not the continuing or surviving corporation or pursuant to which shares of the Company’s common stock would be converted into cash, securities or other property, other than a Company Merger
in which Parent continues to hold the same proportionate ownership of common stock of the surviving corporation after the Company Merger; or 
  
 (ii) Any sale, lease, exchange, or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of
the Company or the adoption of any plan or proposal for the liquidation or dissolution of the Company; 
  
 (b) The shareholders of Parent approve one of the following: 
  
 (i) Any merger or statutory plan of exchange involving Parent (“Parent Merger”) in which Parent is not the continuing or surviving corporation
or pursuant to which shares of Parent’s common stock would be converted into cash, securities or other property, other than a Parent Merger in which the holders of shares of Parent’s common stock immediately prior to the Parent Merger have
the same proportionate ownership of common stock of the surviving corporation after the Parent Merger; or 
  
 (ii) Any sale, lease, exchange, or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of
Parent or the adoption of any plan or proposal for the liquidation or dissolution of Parent; 

 (c) A tender or exchange offer, other than one made by Parent, is made for shares of Parent’s common
stock (or securities convertible into shares of Parent’s common stock ), and such offer results in a portion of those securities being purchased and the offeror after the consummation of the offer is the beneficial owner (as determined pursuant
to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), directly or indirectly, of securities representing at least 20 percent of the voting power of outstanding securities of Parent; 
  
 (d) Parent receives a report on Schedule 13D of the Exchange Act reporting
the beneficial ownership by any person of securities representing 20 percent or more of the voting power of outstanding securities of the Company, except that if such receipt shall occur during a tender offer or exchange offer described in (c)
above, a Change of Control shall not take place until the conclusion of such offer; or 
  
 (e) During any period of 12 months or less, individuals who at the beginning of such period constituted a majority of Parent’s Board of Directors cease for any reason to constitute a majority thereof, unless the
nomination or election of such new directors was approved by a vote of at least two-thirds of Parent’s directors then still in office who were directors of Parent at the beginning of such period. 
  
 Notwithstanding anything in the foregoing to the contrary, no Change of
Control shall be deemed to have occurred for purposes of this Agreement by virtue of any transaction that results in Executive, or a group of persons that includes Executive, acquiring, directly or indirectly, securities representing 20 percent or
more of the voting power of outstanding securities of the Company or Parent. 
  
 8.4 Disability. 
  
 Termination of
Executive’s Employment based on “Disability” shall mean termination without further compensation under this Agreement, due to a mental or physical impairment of Executive that is expected to result in death or that has lasted or is
expected to last for a continuous period of 12 months or more and that causes Executive to be unable, with reasonable accommodation in the opinion of Employer’s Board of Directors, to perform his or her duties for Employer and to be engaged in
any substantial gainful activity. 
  
 9. Successors; Binding
Agreement. 
  
 9.1 This Agreement shall be binding on and
inure to the benefit of the Company, Parent and their respective successors and assigns. Upon Executive’s written request, the Company or Parent, as they case may be, will seek to have any successor, by agreement, assent to the fulfillment by
the Company or Parent, as the 

 
case may be, of its obligations under this Agreement. If such a request is made, failure of the Company or Parent to obtain such assent prior to or at the
time a company becomes a successor shall constitute Good Reason for termination by Executive of his or her employment and, if a Change of Control has occurred, shall entitle Executive to the benefits pursuant to Section 4. 
  
 9.2 This Agreement shall inure to the benefit of and be enforceable by
Executive and Executive’s legal representatives, executors, administrators and heirs. 
  
 10. Resignation of Corporate Offices. 
  
 Executive will resign Executive’s office, if any, as a director, officer or trustee of the Company, Parent, their respective subsidiaries or affiliates and of any other corporation or trust of which Executive
serves as such at the request of the Company or Parent, effective as of the date of Termination of Executive’s Employment. Executive agrees to provide the Company or Parent, as the case may be, such written resignation(s) upon request and that
no severance will be paid until after such resignation(s) are provided. 
  
 11. Governing Law; Arbitration. 
  
 This Agreement
shall be construed in accordance with and governed by the laws of the State of Oregon. Any dispute or controversy arising under or in connection with this Agreement, or the breach thereof, shall be settled exclusively by arbitration under the
[Mutual Agreement to Arbitrate Claims signed by the Executive], and judgment upon the award rendered by the Arbitrator may be entered in any Court having jurisdiction thereof. Notwithstanding any provision in the Mutual Agreement to Arbitrate
Claims, Employer shall pay all arbitration fees and reasonable attorney’s fees and expenses (including at trial and on appeal) of Executive in enforcing its rights under this Agreement in the event of a Termination of Executive’s
Employment within 24 months following a Change of Control. 
  
 12. Amendment. 
  
 No provision of this Agreement
may be modified unless such modification is agreed to in writing signed by Executive, Parent and the Company. 
  
 13. Severability. 
  
 If any of the provisions or terms of this Agreement shall for any reason be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other 

 terms of this Agreement, and this Agreement shall be construed as if such unenforceable term had never been contained in
this Agreement. 
  

			
	Merix Corporation
		
	By:	 	 
	  

		
	Title:	 	  

	 	 	Mark R. Hollinger
	
	Data Circuit Systems
		
	By:	 	  

	  

		
	Title:	 	  

	  
  

 Steve Robinson

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]