Document:

exv10w40

 

EXHIBIT 10.40

Purchase Order QPR0200

	 	 	 
	Amendment Number: 0

	 	Order Date: 03/23/2006
	Lockheed Martin Business Unit: Maritime Systems & Sensors — Riviera Bch (OHM)

	 	Document Type: Purchase Order
	 

	 	Status: Accepted

 

	 	 	 
	Buyer

	 	Seller
	LOCKHEED MARTIN MARITIME SYSTEMS & SENSORS

	 	ID: NN9Z00
	UNDERSEAS SYSTEMS

	 	Corp ID: LM0230343
	100EAST 17th STREET

	 	NOVINT TECHNOLOGIES
	Riviera Beach FL 33404

	 	Phone #: 8883098590
	 

	 	809MOANA DRIVE
	Order Contact: Sawyer, Grace

	 	SAN DIEGO CA 92106
	Telephone: 561-494-2508 Badge: I1
	 	 
	Email: grace.sawyer@lmco.com
	 	 
	Fax: 561-881-7246
	 	 

 

	 	 	 
	Bill To

	 	Ship To
	ID: 057157257Q

	 	ID: 057157257
	LOCKHEED MARTIN SHARED SERVICES

	 	CAUTION:
	ACCOUNTS PAYABLE CENTER

	 	THIS PO MAY CONTAIN MULTIPLE
	PO BOX 33085

	 	ITEMS WITH DIFFERING SHIP-TO
	LAKELAND FL 338073085

	 	ADDRESSES. SEE INDIVIDUAL ITEMS FOR SHIP-TO
INFORMATION

 

	 	 	 
	FOB

	 	Terms of Sale
	Payment Method: Third Party Pay

	 	Basis: Invoice Receipt Date
	FOB (Transportation): Origin (Shipping Point)

	 	Net Days: 30
	 

	 	Description: Net 30 days

 

This transmittal is signed electronically by the procurement
representative or buyer identified; 
Upon acknowledgement by seller, this
transmittal is signed electronically by Seller authorized representative

written signature not required if signed electronically.

	 	 	 	 	 	 	 	 	 	 	 
	Lockheed Martin

	 	 	 	 	 	Accepted	 	 	 	 
	Authorized Procurement Representative

	 	 	 	 	 	Seller Authorized Representative	 	 	 	 
	Electronically signed by:

	 	 	 	 	 	Electronically signed by:	 	 	 	 
	Sawyer, Grace

	 	Date
	 	03/23/2006
	 	WALTER A. AVILES
	 	Date
	 	03/23/2006
	 

	 	 	 	 
	 	 
	 	 	 	 

Page 1 of 3

 

Purchase Order QPR0200

	 	 	 
	Amendment Number: 0

	 	Order Date: 03/23/2006
	Lockheed Martin Business Unit: Maritime Systems & Sensors — Riviera Bch (OHM)

	 	Document Type: Purchase Order
	 

	 	Status: Accepted

 

	 	 	 
	Carrier

	 	Order Details
	 

	 	Business System: 8157
	 

	 	Transmittal Date: 03/23/2006
	 

	 	Transmittal Time: 0830
	 

	 	Document Purpose: Change
	 

	 	Purchase Order Type: New Order
	 

	 	Contract No: NV
	 

	 	Acknowledgement: No Acknowledgment Needed
	 

	 	Supplier Ack Date: 03/23/2006
	 

	 	Supplier Representative: WALTER A. AVILES
	 

	 	Contract Type: Firm Fixed Price

 

Notes

This Purchase Order and attachment(s), if any, is being transmitted electronically and
executed by electronic signature in lieu of a hard copy
Purchase Order/release and is the only document that the Seller will receive. By receipt and
acknowledgment of this Purchase Order, or by
performance, Seller agrees that this electronic Purchase Order shall have the same force and
effect as if executed and sent in hard copy.
Both parties agree that the validity of this Purchase Order shall not be contested on the basis
that this Purchase Order contains an electronic
signature. Seller certifies that those representations and certification contained in the
referenced terms and condictions are current and
accurate.

Letters & Notes: PO HEADER TEXT

Government Contract Number: NV

Defense Priorities Allocation System Priority Rating: DO-C9

Standard Code: CD2-1104

Comment Name: LOCKHEED MARTIN TERMS AND CONDITIONS CORPDOC 2,
DATED
LOCKHEED MARTIN TERMS AND CONDITIONS CORPDOC 2, DATED
NOVEMBER 2004 INCLUDING REPRESENTATIONS AND CERTIFICATIONS
REQUIRED UNDER US GOVERNMENT PRIME CONTRACTS ARE
INCORPORATED HEREIN AND ALTHOUGH NOT ATTACHED, APPLIES TO
THIS PURCHASEORDER OR RFQ/RFP. BY ACCEPTING THIS ORDER OR
SUBMITTING AN OFFER/PROPOSAL, SELLER ACKNOWLEDGES PRIOR
RECEIPT OF CORPDOC 2 AND CERTIFIES THOSE REPRESENTATIONS AN
CERTIFICATIONS ARE CURRENT, ACCURATE AND COMPLETE. FOR ITEM
REFERENCING A DOD PRIME CONTRACT, CORPDOC 2A, DATED NOVEMBER
2004,IS ALSO INCORPORATED BY REFERENCE AND SHALL APPLY TO
THOSE ITEMS. FOR ITEMS REFERENCING A NASA PRIME CONTRACT,
CORPDOC 2B, DATED NOVEMBER 2004, IS ALSO INCORPORATED BY
REFERENCE AND SHALL APPLY TO THOSE ITEMS. FOR ITEMS
REFERENCING A DOE PRIME CONTRACT, CORPDOC 2C, DATED NOVEMBER
2004,IS ALSO INCORPORATED BY REFERENCE AND SHALL APPLY TO
THOSE ITEMS. COPIES OF LOCKHEED MARTIN TERMS AND CONDITIONS
MAY BE OBTAINED FROM THE LOCKHEED MARTIN PROCUREMENT
REPRESENTATIVE ISSUING THIS ORDER OR BY ACCESS TO LOCKHEED
MARTIN’S SUPPLIERNET WEB SITE AT THE FOLLOWING URL ADDRESS
(USE LOWER CASE LETTERS):

HTTP://WWW.LOCKHEEDMARTIN.COM/SUPPLIERNET

Standard Code: GLOBALCOR

Comment Name: OUR PO# MUST APPEAR ON ALL CORRESPONDENCE,
PACKAGES, OUR PO# MUST APPEAR ON ALL CORRESPONDENCE,
PACKAGES,
AND SHIPPING DOCUMENTS.

LOCKHEED MARTIN CORPORATION’S POLICY IS IN FULL COMPLIANCE
WITH ANTI-KICKBACK PROCEDURES (FAR 52.203.7). TO REPORT A SUSPECTED VIOLATION CALL
1-800-LM-ETHIC (1-800-563-8442).

THIS IS A RATED CONTRACT CERTIFIED FOR NATIONAL DEFENSE.
THE CONTRACTORS IS REQUIRED TO FOLLOW ALL PROVISIONS
OF THE DEFENSE PRIORITIES AND ALLOCATIONS SYSTEM REGULATION
(15 CFR 700). THE RATING(S) ON THIS CONTRACT IS /ARE AS
SPECIFIED BELOW.

	 	 	 	 	 	 	 	 	 
	ITEM	 	QUANTITY	 	DPAS	 	PRIME CONTRACT	 	ACCOUNT DISTRIBUTION
	001
	 	1.00
	 	DO-C9
	 	N00014-04-C-0032
	 	1Q329A410000

Page 2 of 3

 

Purchase Order QPR0200

	 	 	 
	Amendment Number: 0

	 	Order Date: 03/23/2006
	Lockheed Martin Business Unit: Maritime Systems & Sensors — Riviera Bch (OHM)

	 	Document Type: Purchase Order
	 

	 	Status: Accepted

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Line	 	Item	 	Quantity	 	 	Unit	 	 	Price	 	 	Price Unit Currency Eng Chg Item Total	 
	001
	 	MISSION-SOFTWARE	 	 	1	 	 	 	Each 	 	 	$	6,100.00	 	 	Price per Each	 	USD	 	 	 	 	 	$	6,100.00	 

Description

 

MISSION PLANNING AND EVALUATION SOFTWARE

 

Schedule

 

Quantity: 1, UM: EA, Scheduled for Delivery (Prior to & Including): 03/31/2006, Required Date (Date Due — Contract): 03/31/2006

Contract Reference N00014-04-C-0032 RBPUR

 

Item Ship To

 

LM Riviera Beach — QS10

Attn: Receiving

100 East 17th Street

Riviera Beach FL 33404

 

Condition of Sale

 

No Substitution Allowed

 

Tax

 

Tax ID Number: SEE TEXT

 

Notes

 

Letters & Notes: PO ITEM TEXT

 

Item Comments

NOT TO EXCEED PO TO NOVINT TECHNOLOGIES, TO ENHANCE MISSION PLANNING AND EVALUATION
SOFTWARE. UNDER DIRECTION OF GARY TRIMBLE

SHIP MATERIAL TO GARY TRIMBLE — SUNNYVALE CA

Total: $6,100.00

End of Document

Page 3 of 3exv10w16

 

Exhibit 10.16

THE SHARES ISSUABLE UPON VESTING OF THIS AWARD WILL NOT BE RELEASED TO YOU UNTIL ALL

APPLICABLE MONETARY OBLIGATIONS HAVE BEEN COLLECTED FROM YOU OR HAVE OTHERWISE BEEN PROVIDED FOR.

VIRCO MFG. CORPORATION

RESTRICTED STOCK UNIT AWARD AGREEMENT

TO:     [Participant]

     To encourage your continued service as a director of Virco Mfg. Corporation (the “Company”),
you have been granted this restricted stock unit award (the “Stock Units”) pursuant to the
Company’s 1997 Stock Incentive Plan (the “Plan”). The Stock Units represent the right to receive
shares of Common Stock of the Company (the “Shares,” and together with the Stock Unit, the “Award”)
subject to the fulfillment of the vesting conditions regarding the Stock Units set forth in this
agreement (this “Agreement”).

     The terms of the Award are as set forth in this Agreement and in the Plan. The Plan is
incorporated into this Agreement by reference, which means that this Agreement is limited by and
subject to the express terms and provisions of the Plan. In the event of a conflict between the
terms of this Agreement and the terms of the Plan, the terms of the Plan will control. Capitalized
terms that are not defined in this Agreement have the meanings given to them in the Plan. The most
important terms of the Award are summarized as follows:

     1.     Award Date: January 13, 2006

     2.     Number of Stock Units Subject to this Award: [___]

     3.     Consideration for Shares Issuable Pursuant to this Award: $0.01 per share
(the “Per Share Consideration”)

     4.     Vesting Schedule: The Award will vest according to the following schedule:

	 	(a)	 	Stock Unit: The Stock Units will be fully vested on July 5,
2006 (the “Stock Unit Vest Date”) and you will at that time be entitled to
receive the Shares on the terms and conditions set forth in this Agreement.
	 
	 	(b)	 	Shares: The transferability of the Shares will be subject to
the conditions set forth in this Agreement.

	 	5.	 	Conversion of Stock Units, Issuance of Shares, Vesting and Status as a
Stockholder.

	 	(a)	 	Conversion of Stock Units; Issuance of Shares. On the Stock
Unit Vest Date, one Share will be issuable for each Stock Unit, subject to the
terms and provisions of the Plan and this Agreement. Thereafter, the Company
will transfer such Shares to you upon payment by you of the Per Share
Consideration contemplated by Section 7(b). No fractional shares will be
issued under this Agreement.
	 
	 	(b)	 	Vesting of Stock Unit. Your Stock Units will be forfeitable
unless and

 

 

	 	 	 	until otherwise vested pursuant to the terms of this Agreement. Subject to
your continued service as a member of the Board of Directors (the “Board”),
the Stock Units will become vested pursuant to the terms of Sections 4(a)
and 6.
	 
	 	(c)	 	Your Status as a Stockholder. Until the Stock Units are
converted to Shares pursuant to Section 5(a) hereof, you will have no rights as
a stockholder (including, without limitation, any voting or dividend rights
with respect to the Shares). Following the conversion of the Stock Units to
Shares, you will be recorded as a stockholder of the Company with respect to
the Shares subject to the Award and will have voting and dividend rights with
respect to the Shares, unless and until any such Shares are transferred back to
the Company.

     6.     Termination of Directorship. Subject to Section 10(b), the Stock Units will terminate
automatically and be forfeited to the Company immediately and without further notice if you resign
or are voluntarily or involuntarily terminated from the Company’s Board prior to the Stock Unit
Vest Date. In case of the involuntary termination of your directorship, the Award will
automatically terminate upon first notification to you of such termination, unless the Committee
determines otherwise. If your directorship is suspended pending an investigation of whether you
should be involuntarily terminated, all of your rights under the Award likewise will be suspended
during the period of investigation. No Shares will be issued or issuable with respect to any
portion of the Stock Units that terminate unvested and are forfeited.

     7.     Per Share Consideration and Taxes.

	 	(a)	 	Generally. You are ultimately liable and responsible to pay
the Per Share Consideration for any Shares issuable under the Award and for all
taxes owed in connection with the Award, regardless of any action the Company
takes with respect to assisting you with meeting your tax obligations that
arise in connection with the Award. The Company does not make any
representation or undertaking regarding the treatment of any tax obligation in
connection with the grant or vesting of the Award or any subsequent sale of
Shares issuable pursuant to the Award. The Company does not commit and is
under no obligation to structure the Award to reduce or eliminate your tax
liability.
	 
	 	(b)	 	Payment of Per Share Consideration. You must arrange for the
payment of the amount you owe in connection with the conversion of the Stock
Units to Shares (the “Conversion Obligation”), which will be calculated by
multiplying the Per Share Consideration by the number of Stock Units awarded
hereunder. To satisfy your Conversion Obligation, you must deliver to the
Company an amount the Company determines is sufficient to satisfy the
Conversion Obligation by (i) wire transfer to such account as the Company may
direct, (ii) delivery of a certified or personal check payable to the Company,
c/o the Company’s Chief Financial Officer, 2027 Harpers Way, Torrance, CA
90501, or such other address as

 

 

	 	 	 	the Company may from time to time direct, or (iii) such other means as the
Company may establish or permit, including the retention of Shares (as
described in Section 7(c) below).
	 
	 	(c)	 	Right to Retain Shares. The Company will not issue Shares
until you satisfy the Conversion Obligation. To the maximum extent permitted
by law, the Company has the right to retain without notice from Shares issuable
under the Stock Units or from other amounts payable to you, Shares or cash
having a value sufficient to satisfy the Conversion Obligation.
	 
	 	(d)	 	Sale of Shares to the Company for Tax Purposes. The Company
will determine in good faith the amount of the domestic or foreign tax
obligation resulting from the vesting of the Stock Units on the Stock Unit Vest
Date, whether national, federal, state or local, including any social tax
obligation (the “Tax Obligation”). You may, up to and including the Stock Unit
Vest Date, elect for the Company to withhold a whole number of Shares issuable
in respect of the Stock Units as the Company determines to be appropriate to
generate cash proceeds sufficient for you to satisfy your Tax Obligation. The
Company will notify you ten business days prior to the Stock Unit Vest Date of
your right to make this election. The value of the Shares withheld by the
Company pursuant to this Section 7(d) will be calculated using the closing
price recorded for the Company’s Common Stock on the American Stock Exchange on
the Stock Unit Vest Date.

     8.     Registration. You will not be able to transfer or sell Shares issued to you pursuant to
the Award unless exemptions from registration under applicable securities laws are available or
such a registration statement is made effective. You agree that any resale by you of the Shares
issued pursuant to the Award will comply in all respects with the requirements of all applicable
securities laws, rules and regulations.

     9.     Adjustments to Common Stock. If the Common Stock underlying this Award is increased,
decreased or exchanged for or converted into cash, property or a different number or kind of shares
or securities, or if cash, property or shares or securities are distributed in respect of such
outstanding Common Stock, in either case as a result of a reorganization, merger, consolidation,
recapitalization, restructuring, reclassification, dividend (other than a regular, quarterly cash
dividend) or other distribution, stock split, reverse stock split, spin-off or the like, or if
substantially all of the property and assets of the Company are sold, then, unless the terms of
such transaction will provide otherwise, the Company will make appropriate and proportionate
adjustments in the number and type of Shares that may be acquired pursuant to this Award.

     10.     Accelerated Vesting. In the event of your death or a change in control of the Company,
this Award (whether Stock Units or Shares) in whole will immediately vest.

 

 

     11.     Transfer Restrictions. The Stock Units and the Shares, will not be sold, assigned,
transferred or pledged without the prior written consent of the Company. If the Company consents
to any such sale, assignment, transfer or pledge, you will cause any proposed purchaser, assignee,
transferee or pledgee of any Shares to agree to take and hold such Shares subject to the provisions
and upon the conditions specified in this Agreement and the Plan to the extent deemed appropriate
by the Company.

     12.     Dividend Payments. In the event the Company declares a cash dividend on shares of its
Common Stock, such dividend will also be payable to holders of the Shares, but shall not be payable
with respect to the Stock Units, unless the Company determines otherwise.

     13.     Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into
this Agreement and accepting the Award, you acknowledge that: (i) the Plan is discretionary and
may be modified, suspended or terminated by the Company at any time as provided in the Plan; (ii)
the grant of the Award is a one-time benefit and does not create any contractual or other right to
receive future grants of awards or benefits in lieu of awards; (iii) all determinations with
respect to any such future grants, including, but not limited to, the times when awards will be
granted, the number of shares subject to each award, the award price, if any, and the time or times
when each award will be settled, will be at the sole discretion of the Committee; (iv) your
participation in the Plan is voluntary; (v) the value of the Award is an extraordinary item which
is outside the scope of any agreement you may have with the Company, if any; (vi) the Award is not
part of normal or expected compensation for any purpose, including without limitation for
calculating any benefits, severance, resignation, termination, redundancy, end of service payments,
bonuses, long-service awards, pension or retirement benefits or similar payments, and you will have
no entitlement to compensation or damages as a consequence of your forfeiture of any Unvested
Shares of the Award or the Stock Units prior to the Stock Unit Vest Date as a result of the
termination of your employment by the Company for any reason; (vii) the future value of the Shares
subject to the Award is unknown and cannot be predicted with certainty, (viii) neither the Plan,
the Award nor the issuance of the Shares confers upon you any right to continued service as a
director of the Company, nor do they limit in any respect the right of the Company’s stockholders
or the Company to terminate your status as a director or other relationship with the Company at any
time and (ix) in the event that you are not a direct employee of Company, the grant of the Award
will not be interpreted to form an employment relationship with the Company; and furthermore, the
grant of the Award will not be interpreted to form an employment contract with the Company.

 

 

     14.     Execution of Award Agreement. Please acknowledge your acceptance of the terms and
conditions of the Award by signing the original of this Agreement and returning it to the Company’s
Chief Financial Officer. If you do not sign and return this Agreement, the Company is not
obligated to provide you any benefit hereunder and may refuse to issue Shares to you under this
Award.

     15.     Vesting Blackout Dates. If the Stock Unit Vest Date occurs on a date that is the subject
of a Company imposed trading blackout, the Stock Unit Vest Date shall be delayed until, and shall
occur on, the commencement of the immediately succeeding Company approved trading window.

	 	 	 	 	 
	 	Very truly yours,

VIRCO MFG. CORPORATION

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

ACCEPTED BY:

	 	 	 	 
	  

Taxpayer
I.D. Number

	 	 
 

<<Participant>>
	  

	 	 	 	 	 
	 	Address:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]