Document:

Fiscal Year 2008 Variable Compensation Plan, approved March 30, 2007

    EXHIBIT
      10.1

     

    NVIDIA
      CORPORATION

    FISCAL
      YEAR 2008 VARIABLE COMPENSATION PLAN

    

    Overview

    

    The
      compensation philosophy of NVIDIA Corporation (the “Company”)
      is to
      attract, motivate, retain and reward its management through a combination of
      base salary and performance based compensation. Senior Officers, Directors
      and
      Managers as defined below (collectively, the “Participants”), who are employed
      at the Company during fiscal year 2008 and are employees of the Company on
      and
      as of January 27, 2008, shall be eligible to participate in the Fiscal Year
      2008
      Variable Compensation Plan (the “Plan”).
      The
      Plan is designed to award a cash payment (each a “Variable
      Cash Payment”)
      for
      performance in fiscal year 2008 to a Participant if the Company achieves certain
      corporate performance targets (“Corporate
      Targets”)
      and/or
      if the Participant achieves certain Individual Targets (as defined below) and/or
      certain Individual Rankings (as defined below). 

    

    For
      purposes of the Plan, the Company’s chief executive officer, other executive
      officers and certain other senior officers shall be considered “Senior
      Officers,”
other
      employees at the level of vice president or director shall be considered
“Directors”
and
      managers or qualifying senior contributors shall be considered “Managers.”
The
      Compensation Committee (the “Committee”)
      shall
      determine (i) the persons to be specified as Senior Officers for purposes of
      this Plan, (ii) the class of employees who may be designated by Senior Officers
      as Directors for purposes of this Plan and (iii) the class of employees who
      many
      be designated by Senior Officers or Directors as Managers for purposes of this
      Plan. 

    

    For
      fiscal year 2008, for purposes of the Plan, “Individual
      Targets”
shall
      be set for Senior Officers and Directors as follows:

    
      	·  	
              For
                the chief executive officer, certain key performance objectives set
                by the
                Committee;

            

    

    
      	·  	
              For
                the other Senior Officers, certain key performance objectives set
                by the
                chief executive officer; and

            

    

    
      	·  	
              For
                the Directors, certain key performance objectives set by the respective
                Senior Officer to whom the applicable Director
                reports.

            

    

    

    For
      fiscal year 2008, for purposes of the Plan, “Individual
      Rankings”
for
      Managers shall be the ranking of such Manager in January or February 2008 by
      the
      Senior Officer or Director to whom the Manager reports.

    

    Determination
      of Fiscal Year 2008 Variable Cash Payments

    

    Senior
      Officers and Directors are eligible to receive a Variable Cash Payment if the
      Company achieves its Corporate Targets and/or the Senior Officer or Director
      achieves their Individual Targets at specified levels. Managers are eligible
      to
      receive a Variable Cash Payment if the Company achieves its Corporate Targets
      and/or based on the level of their Individual Ranking. The aggregate potential
      amount of the Variable Cash Payment a Participant may receive upon achievement
      of the Corporate Targets and/or his or her Individual Targets and/or Individual
      Ranking, as applicable, and the pool available to all Participants under the
      Plan will be set by the Committee for all Participants based on a recommendation
      made by the chief executive officer (the “Variable
      Cash Payment Target Amount”).
      A
      Participant’s Variable Cash Payment Target Amount is based on the difficulty and
      responsibility of each position. For fiscal year 2008, each Participant’s
      Variable Cash Payment Target Amount will be split such that fifty percent (50%)
      is allocated to the achievement of the Corporate Targets (the “Corporate
      Variable Cash Payment”)
      and
      fifty percent (50%) is allocated to the achievement of the Individual Targets
      or
      Individual Ranking, as applicable, (the “Individual
      Variable Cash Payment”).
      A
      Participant may be eligible to receive more or less than his or her Variable
      Cash Payment Target Amount as described more fully below. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Individual
      Variable Cash Payment

    

    An
      Individual Variable Cash Payment may be awarded to a Participant based on the
      achievement of his or her Individual Targets or Individual Ranking, as
      applicable, or other criteria determined by the Committee. 

    

    The
      actual Individual Variable Cash Payments to be made for fiscal 2008 (the
“Actual
      Individual Variable Cash Payments”)
      shall
      be made pursuant to the following guidelines and taking into account whether
      Individual Targets have been achieved or the level of the Individual Ranking,
      as
      applicable, and the amount of the Actual Individual Variable Cash Payment shall
      be determined as follows:

    

    
      	·  	
              For
                the chief executive officer, the Committee shall determine if the
                Individual Targets have been achieved and shall determine the amount
                of
                the Actual Individual Variable Cash
                Payment;

            

    

    
      	·  	
              For
                the other Senior Officers, the Committee, based on input from the
                chief
                executive officer of the Company, shall determine if the Individual
                Targets have been achieved by each other Senior Officer and shall
                determine the amount of the Actual Individual Variable Cash Payments
                for
                each other Senior Officer;

            

    

    
      	·  	
              For
                Directors, the Senior Officer to whom a Director directly reports
                shall
                determine if the Individual Targets have been achieved by such Director
                and shall determine the amount of the Actual Individual Variable
                Cash
                Payments for such Director; and

            

    

    
      	·  	
              For
                Managers, the Senior Officer or Director to whom a Manager directly
                reports shall determine the amount of the Actual Individual Variable
                Cash
                Payments for such Manager, based on the Individual Ranking achieved
                by
                such Manager.

            

    

    

    An
      Actual
      Individual Variable Cash Payment that is in excess of fifty percent (50%) of
      the
      Variable Cash Payment Target Amount may be awarded to a Participant for
      extraordinary individual performance. If a Participant achieves only a portion
      of his or her Individual Targets, or in the case of a Manager who does not
      reach
      his or her Individual Ranking, the Participant may still be eligible to receive
      an Actual Individual Variable Cash Payment to the extent determined by the
      Committee (for the chief executive officer and other Senior Officers), Senior
      Officers (for other Directors) or Senior Officers or Directors (for Managers
      who
      report to such Senior Officer or Director, as applicable), each in their sole
      discretion. If a Participant does not receive an Individual Variable Cash
      Payment, he or she may still be eligible to receive a Corporate Variable Cash
      Payment as outlined below. 

    

    Corporate
      Variable Cash Payment

    

    The
      Committee has set the Corporate Targets for the Participants, based on
      achievement of specified fiscal year 2008 net income. The amount of actual
      net
      income, as set forth in the Company’s financial statements for fiscal 2008, but
      (i) excluding the impact of stock-based compensation expense, and (ii) excluding
      or including items that the Committee in its sole discretion deems to be
      extraordinary or otherwise inappropriate to include or appropriate to include,
      shall be the “Actual
      Result.”
The
      Committee has also set threshold and maximum Actual Result targets for fiscal
      year 2008 for Participants, for the award of all of or a portion of the
      Corporate Variable Cash Payment (the “Threshold”
and
      “Maximum”).
      The
      actual Corporate Variable Cash Payments to be made for fiscal 2008 (the
“Actual
      Corporate Variable Cash Payments”)
      shall
      be made pursuant to the following guidelines:

    

    
      	·  	
              If
                the Actual Result is less than or equal to the Threshold, a Participant
                will not receive any portion of his or her Corporate Variable Cash
                Payment.

            

    

    
      	·  	
              If
                the Actual Result falls between the Threshold and the applicable
                Corporate
                Target, each Participant shall receive an Actual Corporate Variable
                Cash
                Payment based on the following
                formula:

            

    

    

    Actual
      Corporate Variable Cash Payment =    (Actual
      Result - Threshold)  
      x
      Corporate Variable Cash Payment

    (Corporate
      Target - Threshold)

    

    
      	·  	
              If
                the Actual Result equals the Corporate Target, each Participant shall
                be
                eligible to receive the full amount of his or her Corporate Variable
                Cash
                Payment.

            

    

    
      	·  	
              If
                the Actual Result exceeds the Corporate Target but is less than the
                Maximum, each Participant shall be eligible to receive an Actual
                Corporate
                Variable Cash Payment pursuant to the formula set forth
                below:

            

    

     

    Actual
      Corporate Variable Cash Payment = [(Actual
      Result - Corporate Target)
      +1] x
      Corporate Variable Cash  Payment
      

                                                                                  (Maximum
      - Corporate Target)

    

    
      	·  	
              If
                the Actual Result equals the Maximum, each Participant shall be eligible
                to receive 200% of his or her Corporate Variable Cash
                Payment.

            

    

    

    In
      no
      event shall any Participant receive an Actual Corporate Variable Cash Payment
      in
      excess of two (2) times the amount of his or her Corporate Variable Cash
      Payment. 

    

    If
      a
      Participant does not receive a Corporate Variable Cash Payment, he or she may
      still be eligible to receive all or a portion of an Individual Variable Cash
      Payment as outlined above. 

    

    Miscellaneous
      Provisions

    

    Payments
      under this Plan shall be made following the end of the fiscal year, on such
      schedule as may be approved by the Committee in its discretion. 

    

    Participation
      in the Plan shall not alter in any way the at will nature of the Company’s
      employment of a Participant, and such employment may be terminated at any time
      for any reason, with or without cause and with or without prior notice.

    

    The
      Board
      of Directors or the Committee may amend or terminate this Plan at any time.
      Further, the Board of Directors or the Committee may modify the Corporate
      Targets, Individual Targets and/or Individual Ranking and/or Corporate and/or
      Individual Variable Cash Payment amounts at any time.

    

    This
      Plan
      shall be governed by and construed in accordance with the laws of the State
      of
      California, without regard to its principles of conflicts of
      laws.<Page>

                                                                    EXHIBIT 10.7

                               _____________, 2007

Tailwind Financial Inc.
BCE Place, 181 Bay Street, Suite 2040
Toronto, Ontario, Canada M5J 2T3

     Re: INITIAL PUBLIC OFFERING

Ladies and Gentlemen:

     This letter is being delivered to you in accordance with the Underwriting
Agreement (the "UNDERWRITING AGREEMENT") entered into by and between Tailwind
Financial Inc., a Delaware corporation (the "COMPANY"), and Deutsche Bank
Securities Inc. (the "UNDERWRITER"), relating to an underwritten initial public
offering (the "IPO") of the Company's units (the "UNITS"), each Unit comprised
of one share of the Company's common stock, par value $0.001 per share (the
"COMMON STOCK"), and one warrant, which is exercisable for one share of Common
Stock. Certain capitalized terms used herein are defined in paragraph 12 hereof.

         In order to induce the Company and the Underwriter to enter into the
Underwriting Agreement and to proceed with the IPO, and in recognition of the
benefit that such IPO will confer upon the undersigned as a stockholder of the
Company, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the undersigned hereby agrees with
the Company and the Underwriter as follows:

1.   If the Company solicits approval of its stockholders of a Business
Combination, the undersigned will vote all Insider Shares owned by him in
accordance with the majority of the votes cast by the holders of the IPO Shares.

2.   In the event that the Company fails to consummate a Business Combination
within eighteen (18) months from the consummation of the IPO (the "CLOSING
DATE") (or twenty-four (24) months from the Closing Date under the
circumstances described in the Registration Statement), the undersigned will
take all reasonable actions within the undersigned's power to (i) cause the
Trust Account to be liquidated and distributed to the holders of IPO Shares
in accordance with that Investment Management Trust Agreement to be entered
into by and among the Company, Deutsche Bank Securities Inc. and American
Stock Transfer & Trust Company, as Trustee; (ii) cause the Company to
liquidate as soon as reasonably practicable; and (iii) jointly and severally
with Mr. Gordon A. McMillan and JovFunds Management Inc., be liable to (A)
pay the costs of dissolution and liquidation to the extent such

<Page>

expenses exceed the Company's assets outside of the Trust Account and (B) ensure
that the proceeds in the Trust Account are not reduced by the claims of vendors
for services rendered or products sold to the Company, as well as claims of
prospective target businesses for fees and expenses of third parties that the
Company has agreed to pay in writing in the event that the Business Combination
is not consummated with such target business. The undersigned hereby waives any
and all right, title, interest or claim of any kind in or to (x) any
distribution of the Trust Account with respect to the undersigned's Insider
Shares and Common Stock underlying the Private Placement Warrants in connection
with a liquidation and (y) any remaining net assets of the Company after such
liquidation.

3.   Except as disclosed in the Registration Statement, none of the undersigned,
any member of the family of the undersigned, nor any Affiliate of the
undersigned will be entitled to receive and will not accept any compensation for
services rendered to the Company prior to or in connection with the consummation
of the Business Combination; PROVIDED THAT the undersigned shall be entitled to
reimbursement from the Company for the undersigned's out-of-pocket expenses
incurred in connection with seeking and consummating a Business Combination.

4.   None of the undersigned, any member of the family of the undersigned, nor
any Affiliate of the undersigned will be entitled to receive or accept from the
Company a finder's fee or any other compensation in the event the undersigned,
any member of the family of the undersigned or any Affiliate of the undersigned
originates a Business Combination.

5.   The undersigned shall escrow (i) the undersigned's Insider Shares (if any)
until the first anniversary of the consummation of the Business Combination and
(ii) the undersigned's Private Placement Warrants (if any) and any shares of
Common Stock issued upon exercise thereof until ninety (90) days after
consummation of a Business Combination, in each case subject to the terms of a
Securities Escrow Agreement which the Company will enter into with the
undersigned and American Stock Transfer & Trust Company, as escrow agent, in
form and substance acceptable to the Company.

6.   The undersigned agrees to be a director of the Company and currently
intends to serve until the earlier of the consummation by the Company of a
Business Combination or the liquidation of the Company. The undersigned's
Questionnaire for Directors, Officers and Principal Stockholders furnished to
the Company and attached hereto as EXHIBIT A and the biographical information in
the Registration Statement is true and accurate in all respects and does not
omit any material information with respect to the undersigned's background. The
undersigned's NASD Questionnaire furnished to Deutsche Bank Securities Inc. and
annexed as EXHIBIT B hereto is true and accurate in all respects. The
undersigned represents and warrants that:

     6.1     the undersigned is not subject to, or a respondent in, any legal
action for, any injunction, cease-and-desist order or order or stipulation to
desist or refrain from any act or practice relating to the offering of
securities in any jurisdiction;

                                        2
<Page>

     6.2     the undersigned has never been convicted of or pleaded guilty to
any crime (i) involving any fraud or (ii) relating to any financial transaction
or handling of funds of another person, or (iii) pertaining to any dealings in
any securities and he is not currently a defendant in any such criminal
proceeding;

     6.3     the undersigned has never been suspended or expelled from
membership in any securities or commodities exchange or association or had a
securities or commodities license or registration denied, suspended or revoked;

     6.4     a petition under any federal bankruptcy laws or any state,
territorial or provincial insolvency law was not filed by or against, nor was a
receiver, fiscal agent or similar officer appointed by a court for the business
or property of the undersigned, or for any partnership in which the undersigned
was a general partner within the past two years, or for any corporation or
business association of which the undersigned was an executive officer within
the past two years;

     6.5     the undersigned has not been subject to any order prohibiting and
is not subject to any legal proceeding seeking to prohibit him or her from
engaging in any type of business practice;

     6.6     the undersigned has not been found by a court of competent
jurisdiction in a civil action by the Securities and Exchange Commission or by
any other federal, state, territorial or provincial administrative or regulatory
authority to have violated any federal, state, territorial or provincial
securities law; and

     6.7     the undersigned has not been found by a court of competent
jurisdiction in a civil action by the Commodity Futures Trading Commission or by
any other federal, state, territorial or provincial administrative or regulatory
authority to have violated any federal, state, territorial or provincial
commodities law.

7.   The undersigned will, jointly and severally with Mr. Gordon A. McMillan
and JovFunds Management Inc., be liable for any costs in excess of one
million seven hundred thousand dollars ($1,700,000) incurred by the Company
in connection with its pursuit of a Business Combination. Such amounts will
be reimbursed upon consummation of a Business Combination

8.   The undersigned agrees that until the earlier of (i) the consummation of a
Business Combination or the liquidation of the Company or (ii) such time as the
undersigned ceases to be an officer or director of the Company, (X) the
undersigned shall present to the Company for its consideration, prior to
presentation to any other entity, any business opportunity which may reasonably
be deemed appropriate for the Company based on the description in the
Registration Statement of the Company's proposed business or which is required
to be presented to the Company under Delaware law subject to any pre-existing
fiduciary or contractual obligations the undersigned has and (Y) the undersigned
shall not assist or participate with any other person or entity in the pursuit
of or negotiation with respect to such business opportunity unless and until it
receives

                                        3
<Page>

written notice from the Company that the Company has determined not to pursue
such business opportunity.

9.   The undersigned authorizes any employer, financial institution, or consumer
credit reporting agency to release to the Company and its legal representatives
or agents (including any investigative search firm retained by the Company) any
information he or it may have about the undersigned's background and finances
("INFORMATION"), provided that the Information is used solely to determine the
truth and accuracy of the undersigned's representations hereunder and the
disclosure in the Registration Statement and for no other purpose; provided
further that the Company shall use all reasonable efforts to keep the
Information confidential and shall not disclose the Information to any other
person or entity without the prior written consent of the undersigned, unless
such disclosure (i) is required by law or regulation or requested in connection
with a judicial proceeding or governmental investigation or (ii) was disclosed
in the Registration Statement. Neither the Company nor its agents shall be
violating the undersigned's right of privacy in any manner in requesting and
obtaining the Information and the undersigned hereby releases them from
liability for any damage whatsoever in that connection.

10.  This letter agreement shall be binding on the Company and the undersigned
and the undersigned's respective successors, heirs, personal representatives and
assigns. This letter agreement shall terminate on the earlier of (i) the date
upon which the Business Combination is consummated and (ii) the date upon which
the liquidation and distribution of the Trust Account is completed, provided
that the following Sections shall survive such termination: 3, 4, 5, 7, 10, 11
and 13.

11.  This letter agreement shall be governed by and construed and enforced in
accordance with the laws of the State of New York, without giving effect to
conflicts of law principles that would result in the application of the
substantive laws of another jurisdiction. Each of the Company and the
undersigned hereby (i) agrees that any action, proceeding or claim against him
or it arising out of or relating in any way to this letter agreement shall be
brought and enforced in the courts of the State of New York or the United States
District Court for the Southern District of New York, and irrevocably submits to
such jurisdiction, which jurisdiction shall be exclusive, and (ii) waives any
objection to such exclusive jurisdiction and that such courts represent an
inconvenient forum.

12.  As used herein:

     12.1    "AFFILIATE" shall have the meaning ascribed to it in Rule 12b-2 of
the General Rules and Regulations under the Securities Exchange Act of 1934, as
amended.

     12.2    "BUSINESS COMBINATION" shall mean the Company's initial acquisition
of one or more assets or operating businesses through a merger, capital stock
exchange, asset or stock acquisition, exchangeable share transaction or other
similar business combination.

                                        4
<Page>

     12.3    "INSIDERS" shall mean all officers and directors of the Company
immediately prior to the IPO and each of the following:

     Gordon A. McMillan
     Andrew A. McKay
     Robert Penteliuk
     Robert C. Hain
     Stephen T. Moore
     TFC Holdings Ltd.
     Parkwood Holdings Ltd.
     JovFunds Management Inc.

     12.4    "INSIDER SHARES" shall mean all of the shares of Common Stock of
the Company owned by an Insider prior to the IPO.

     12.5    "IPO SHARES" shall mean the shares of Common Stock comprising the
Units issued in the Company's IPO.

     12.6    "PRIVATE PLACEMENT WARRANT" shall mean up to 4,700,000 warrants of
the Company purchased in a private placement prior to and subject to
consummation of the IPO.

     12.7    "REGISTRATION STATEMENT" shall mean the registration statement
filed by the Company on Form S-1 (No. 333-135790) with the Securities and
Exchange Commission on July 14, 2006, and any amendment or supplement thereto,
in connection with the IPO.

     12.8    "TRUST ACCOUNT" shall mean the trust account established with
American Stock Transfer & Trust Company, the amounts therein to be released
only in the event of either the consummation of a Business Combination or a
liquidation of the Company except for up to $1,600,000 of interest earned
(net of taxes) which will be released to the Company to fund a portion of
their working capital expenses.

13.  No term or provision of this letter agreement may be amended, changed,
waived, altered or modified except by written instrument executed and delivered
by the undersigned and the Company.

                  [remainder of page intentionally left blank]

                                        5
<Page>

                                               Sincerely,

                                               ---------------------------------
                                               Name:  Andrew A. McKay

Accepted and agreed:

TAILWIND FINANCIAL INC.

By:
   --------------------------
Name: Gordon A. McMillan
Title:   Assistant Secretary

                                        6
<Page>

   EXHIBIT A: QUESTIONNAIRE FOR DIRECTORS, OFFICERS AND PRINCIPAL STOCKHOLDERS

                                        7
<Page>

                          EXHIBIT B: NASD QUESTIONNAIRE

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