Document:

exv10w01

 

EXHIBIT 10.01

November 27, 2006

Mr. Werner Widmann

Multek Multilayer GmbH & Co. KG

Herrenberger Str. 110

Boeblingen 71034, DE

Amendment to Award Agreement

Dear Werner:

     This letter amends the Award Agreement for Werner Widmann Deferred Compensation
Plan between you and Multilayer Technology GmbH & Co. KG (the “Company”), dated July 22,
2005, as modified or amended by any addenda thereto (the “Original Agreement”). Except
where the context indicates otherwise, capitalized terms used in this letter will have the same
meanings that they are given in the Original Agreement. By countersigning this letter, you agree
that the terms of the Original Agreement shall be amended as follows:

     (1) As soon as practical after the execution of this letter by you and the Company, the
Company will make an additional contribution to your Bonus Account in an amount sufficient to
cause the balance of your Bonus Account, immediately after the contribution, to equal
US$3,000,000 (based upon the prevailing exchange rate for Euros on our about the day the
contribution is made as determined by the Company).

     (2) You will not be entitled to any additional Incentive Bonus apart from the
contribution described in (1), above. In particular, you will not earn an Incentive Bonus on July
1st of 2007 or any subsequent July 1st.

     (3) In lieu of the vesting schedule for your Bonus Account set forth in the Original
Agreement, your Bonus Account will vest as follows (assuming, in each case, that you remain
continuously employed with the Company through the applicable date): Ten percent (10%) of
the balance of your Bonus Account will vest on July 1, 2007; an additional fifteen percent (15%)
will vest on July 1, 2008; an additional twenty percent (20%) will vest on July 1, 2009; an
additional twenty-five percent (25%) will vest on July 1, 2010; and the remaining thirty percent
(30%) will vest on July 1, 2011.

     (4) The vesting provisions in the Original Agreement relating to Change of Control
will be adjusted for the new vesting schedule, and will otherwise remain unchanged.
Accordingly, upon a Change of Control, if you are still employed with the Company you will be
deemed to have vested in that percentage of any unvested portion of the Deferred Account equal
to the number of complete months during which you have remained continuously employed with
the company during the six-year period from July 1, 2005 through July 1, 2011 divided by 72.
Any portion of your Bonus Account that remains unvested after a Change of Control shall

 

 

Mr. Werner Widmann

November 27, 2006

Page 2

continue to vest in accordance with the vesting schedule described above. For example, if a
Change of Control occurs on January 1, 2007, and you are still employed with the Company,
25% of your unvested account balance will vest on the Change of Control; 10% of the 75%
portion of your Bonus Account that remained unvested immediately after the Change of Control
will vest on the July 1, 2007 (so that 32.5% will then be vested); 15% of the 75% portion of your
Bonus Account that remained unvested on January 1, 2007 will vest on July 1, 2008 (so that
43.75% will then be vested); and so on. If, instead, a Change of Control occurs on July 1, 2008,
and you are still employed with the company, 25% of your account will have vested prior to the
Change of Control; 37.5% of the your account balance will vest on the Change of Control (36/72
times your 75% unvested account balance) so that 62.5% of your account balance will be vested;
on July 1, 2009, an additional 10% will vest (20% originally scheduled vesting divided by 75%
remaining vesting immediately prior to Change of Control times 37.5% unvested account
balance immediately after Change of Control) so that a total of 72.5% will be vested; on July 1,
2010, an additional 12.5% will vest (25% originally scheduled vesting divided by 75%
remaining vesting immediately prior to Change of Control times 37.5% unvested account
balance immediately after Change of Control) so that 85% will be vested; and on July 1, 2011,
an additional 15% will vest (30% originally scheduled vesting divided by 75% remaining vesting
immediately prior to Change of Control times 37.5% unvested account balance immediately after
Change of Control) so that 100% of your account balance will be vested.

     (5) As under the Original Agreement, as soon as practical following termination of
your employment with the Company for any reason, the Company will pay you an amount equal
to the product of (a) the vested percentage of your Bonus Account and (b) the account balance of
the Bonus Account on the date of payment (net of applicable withholding taxes, if any); and the
remaining portion of your Bonus Account will be terminated and forfeited for no consideration.
For example, if your employment is terminated before the July 1, 2007, the entire amount of
your Bonus Account will be forfeited; and if your employment is terminated on or after the July
1, 2007 but before July 1, 2008, the Company will pay you an amount equal to 10% of the
account balance of the Bonus Account as of the date of payment (net of any applicable
withholding taxes), and the remaining amount of your Bonus Account will be forfeited. These
examples assume that no Change of Control occurs at any relevant time, and that your
employment is not terminated by reason of death.

     Except as specifically amended in this letter, the provisions of the Original Agreement
will remain in effect.

     By signing below, you represent that you have read and understand this letter and agree
to the terms set forth in this letter. You further confirm your agreement to waive and release the
Company, its agents and attorneys from any claims and liabilities in connection with the design
and implementation of the Incentive Bonus, selection of the investment manager, selection of the
Funds by the Company, investment decisions with respect to the Bonus Account, any decrease in
the value of the Bonus Account, and personal tax consequences with respect to the Incentive
Bonus.

 

 

Mr. Werner Widmann

November 27, 2006

Page 3

Sincerely,

Multilayer Technology GmbH & Co. KG

	 	 	 	 	 
	 	 	 
	 	By:  	                              /s/ Thomas J. Smach
 	 
	 	 	Thomas J. Smach 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Michael McNamara
 	 
	 	 	Michael McNamara 	 
	 	 	 	 
	 

Accepted and agreed on this 27 day of November, 2006.

	 	 	 	 	 
	 	 	 
	 	/s/ Werner Widmann
 	 
	 	Werner Widmannexv10w4

 

Exhibit 10.4

Description of Director Long-Term Service Award Plan

     On
December 19, 2006, the board of directors (the
“Board”) of Phoenix Technologies Ltd. (the
“Company”) unanimously approved the creation of a director
long-term service award plan in order to attract and retain high
caliber directors and to reward directors for their loyal service to
the Company. The Board set the amount of such award at $50,000, to be
paid as a one-time payment to retiring directors whose service
terminates for any reason other than for cause, and who have served
for ten years or more on the Board (or who have served at least five
years on the Board and have at least ten years of combined service as
a director of the Company and as a director of any business acquired
by the Company).

     The
Board also approved on December 19, 2006 the payment of a
$50,000 service award under the above-mentioned plan to Anthony Sun
upon the expiration of his current term as a director of the
Company, based on his combined service on the Board and the board of
a company previously acquired by the Company.exv10w3

 

EXHIBIT 10.3

FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT

     This FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “Amendment”) is dated
effective as of November 21, 2006 (the “Effective Date”), and is entered into by and
between PIZZA INN, INC., a Missouri corporation (“Seller”), as seller, and VINTAGE AUSTIN
RANCH, L.P., a Texas limited partnership (“Purchaser”), as purchaser.

RECITALS

     A. Seller, as seller, and Vintage Interests, L.P., a Texas limited partnership (“Original
Purchaser”), as purchaser, entered into that certain Purchase and Sale Agreement, dated October
20, 2006 (the “Agreement”), pursuant to the terms of which Seller agreed to sell, and
Original Purchaser agreed to purchase, that certain real property located in Denton County, Texas,
as more particularly described therein (the “Property”). All capitalized terms not
otherwise defined in this Amendment shall have the meanings ascribed to them in the Agreement.

     B. Original Purchaser assigned all of its right, title and interest in and to the Agreement to
Purchaser, and Purchaser assumed all of Original Purchaser’s rights and obligations under the
Agreement.

     C. Seller and Purchaser now desire to amend the Agreement in accordance with the terms set
forth below.

     NOW, THEREFORE, for and in consideration of TEN DOLLARS AND NO/100 ($10.00) and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confessed,
the parties hereto agree as follows:

AGREEMENT

	1.	 	Diesel Tank. During the Due Diligence Period, that certain Phase I
Environmental Site Assessment Report, dated November 17, 2006, was prepared by LandAmerica
Assessment Corporation (the “ESA”). The ESA notes that one 4,000 gallon above-ground
diesel tank (the “Tank”) located on the Property does not appear to meet the Spill
Prevention Control and Countermeasures (SPCC) guidelines as specified by the U.S.
Environmental Protection Agency because the Tank does not have any method of secondary
containment (the “Containment”), i.e., a fluid tight berm or retaining wall. Seller
hereby agrees prior to the Closing Date to do one of the following (which shall be at the
election of Seller): (i) remove the Tank in a good and workmanlike manner and in accordance
with all applicable laws, (ii) construct the Containment in a good and workmanlike manner and
in accordance with all applicable laws, or (iii) reduce the Purchase Price by $5,000,
whereupon the Purchaser shall be solely responsible with regard to all matters in connection
with the removal of the Tank and/or the construction of the Containment.
	 
	2.	 	Closing Date. Section 6(a) of the Agreement is amended to add the following:
	 
	 	 	“Notwithstanding the foregoing, Purchaser shall have the right to extend the Closing Date to
December 29, 2006. In order to effectuate such extension of the Closing Date, Purchaser
shall both: (i) deliver notice to the Seller of its election to extend on or prior to
December 15, 2006, and (ii) deposit $100,000 with the Title Company on or before December
19, 2006 as an addition to the Earnest Money.”
	 
	3.	 	Landlord Repairs and Maintenance. Section 6.03 of the Office Lease is amended
in its entirety as follows:

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	 	 	“6.03. Landlord Repairs and Maintenance. Landlord shall, at Landlord’s expense (without
contribution from Tenant, whether pursuant to Section 6.06 or otherwise), keep, maintain,
repair and replace the structural portions of the Premises, including the roof and
structural walls, and shall replace all plumbing fixtures and systems, all heating,
ventilating and air conditioning systems, and all fire sprinkler systems. However, if
damage to the roof, foundation or other structural portions of the Premises is caused by the
negligence of Tenant, its employees, agents or invitees, then Tenant shall reimburse
Landlord for Landlord’s expense in repairing any such damage. Neither the performance of
work on the Premises by Landlord, whether done to discharge Landlord’s obligations hereunder
or to prevent waste or deterioration, nor the placement in the Premises of supplies and
materials necessary for such work, shall be deemed to constitute a partial or total eviction
of Tenant. Landlord shall, however, use reasonable efforts in the conduct of any such work
to minimize any interference with Tenant’s use of the Premises. If Tenant is unable to
operate its business for a period of three (3) business days or more because of Landlord’s
failure to comply with its obligations in this Section 6.03, there shall be an abatement of
all Base Rent and Additional Rent hereunder during such time period in proportion to the
extent that Tenant is unable to operate its business. None of Landlord’s rights under this
Section shall be deemed to impose upon Landlord any obligation for the inspection,
maintenance or repair of the Premises which is not specifically imposed upon Landlord by any
terms, provision or conditions of this Lease.”
	 
	4.	 	Operating Expenses. Section 6.06 of the Office Lease is amended in its
entirety as follows:
	 
	 	 	“6.06. Operating Expenses. Landlord shall maintain all Common Areas. Tenant shall pay to
Landlord, as Additional Rent, Tenant’s Share (hereinafter defined) of the Operating Expenses
(hereinafter defined). “Operating Expenses” shall include all expenses, unless expressly
excepted in this Section 6.06, which Landlord shall pay or become obligated to pay for the
administration, management, cleaning, maintenance, painting, or repair of the Premises
(including without limitation, any landscaping, parking lots and other common areas, and any
and all charges and assessments under the Permitted Encumbrances, which includes, without
limitation, the Declaration of Covenants, Conditions and Restrictions for Austin Ranch,
recorded October 27, 2005 as Document No. 2005-134474 in Denton County, Texas). Operating
Expenses shall not include (a) the cost of utilities relating to the Premises, whether or
not such utilities are separately metered to the Premises, the costs of such utilities being
fully payable by Tenant pursuant to Article 6.01 hereof; (b) Insurance Expenses and Tax
Expenses; (c) any items not considered to be operating expenses under generally accepted
accounting principles; or (d) costs or expenses incurred by Tenant or Landlord pursuant to
Section 6.02 or 6.03 above. Any Operating Expenses attributable to a period which falls
only partially within the Term shall be prorated between Landlord and Tenant so that Tenant
shall pay only that proportion thereof which the part of such period within the Term bears
to the entire period. Where used in this Section 6.06, “Tenant’s Share” shall mean
sixty-six percent (66%).”
	 
	5.	 	Security Deposit. At the Closing, Seller shall deposit with Purchaser
$190,650.00, which amount represents the Security Deposit (as defined in the Office Lease).
Section 1.01(g) of the Office Lease is amended in its entirety as follows:
	 
	 	 	"(g) Security Deposit: Tenant acknowledges its obligation to deposit with Landlord the sum
of $190,650.00 (at Tenant’s reasonable discretion, such security deposit shall be in cash or
an irrevocable letter of credit in favor of Landlord and in form and substance subject to
Landlord’s reasonable approval), to be held by Landlord without interest as security for the
performance by Tenant of Tenant’s covenants and obligations under this Lease. Tenant agrees
that such deposit may be co-mingled with Landlord’s other funds and is not an advance
payment of rental or a

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	 	 	measure of Landlord’s damages in case of default by Tenant. Upon the occurrence of any
event of default by Tenant, Landlord may, from time to time, without prejudice to any other
remedy provided herein or provided by law, use such fund to the extent necessary to make
good any arrears of rentals and any other damage, injury, expense or liability caused to
Landlord by such event of default, and Tenant shall pay to Landlord on demand the amount so
applied in order to restore the security deposit to its original amount. If Tenant is not
then in default hereunder, any remaining balance of such deposit shall be returned by
Landlord to Tenant upon termination of this Lease; provided, however, Tenant’s security
deposit shall be returned within thirty (30) days after Landlord receives evidence
reasonably acceptable to Landlord that Tenant’s shareholder’s equity exceeds the amount of
$4,000,000.”
	6.	 	Inspection. A new Section 16.24 is hereby added to the Office Lease, which
shall read in its entirety as follows:
	 
	 	 	“16.24 Inspection of Premises. Landlord and Landlord’s agents and representatives shall be
entitled, from time to time, upon 24 hours prior notice to Tenant, except in the event of an
emergency (provided Landlord makes reasonable efforts to notify Tenant as soon as possible
after such emergency), to enter upon and into the Premises for the purpose of inspecting
and/or showing the same (and permitting prospective lenders, purchasers and tenants to
inspect the Premises). Landlord agrees to use commercially reasonable efforts to minimize
disruption to Tenant’s business in the Premises during Landlord’s inspection of the
Premises.”
	 
	7.	 	Counterparts. This Amendment may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which when taken together shall
constitute one and the same instrument.
	 
	8.	 	Facsimile Signatures. Facsimile signatures hereon shall be treated for all
purposes as original signatures.
	 
	9.	 	Effect of this Amendment. Except as amended hereby, the Agreement shall be
and continue in full force and effect.

[Signatures on following page]

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the
Effective Date.

	 	 	 	 	 	 	 	 	 
	 	 	SELLER:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PIZZA INN, INC.,

a Missouri corporation	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Clinton J. Coleman	 	 
	 	 	 	 	 	 	 
	 	 	Name: Clinton J. Coleman

Title: Interim Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PURCHASER:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	VINTAGE AUSTIN RANCH, L.P.,	 	 
	 	 	a Texas limited partnership	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Vintage Austin Ranch GP, Inc.,

a Texas corporation,

its general partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:

Name:

Title:
	 	/s/ Ernest O. Perry, III
 

Ernest O. Perry, III
President
	 	 

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