Document:

INDEPENDENT RETAILER AGREEMENT

 Exhibit 10.1 
  
 EXECUTION VERSION 
  
 INDEPENDENT RETAILER AGREEMENT 
  
 THIS INDEPENDENT RETAILER AGREEMENT shall be deemed to be effective as of June 21, 2004 (the “Effective Date”) between DIRECTV,
Inc., a California corporation (“DIRECTV”) and KVH Industries, Inc., a Delaware corporation (“Retailer”), with reference to the following: 
  
 A. DIRECTV operates a direct broadcast satellite service (“DBS Service”) through which consumers may
receive video, audio and other programming using specialized digital satellite receiving equipment (“DIRECTV System”). 
  
 B. Retailer manufactures and sells and plans to operate a business selling, installing and maintaining specialized mobile antennas and set-top box
receivers that enable passenger vehicles (as defined below) to receive DIRECTV Programming, under the trade name “KVH Industries” through its authorized dealers listed on Exhibit A attached hereto, as the same may be
amended from time to time in DIRECTV’s sole discretion (“Dealers”). 
  
 C. Retailer desires to act as one of DIRECTV’s commissioned independent retailers for its DBS Service and solicit consumers to order certain DIRECTV programming packages and services which are identified in
Exhibit B attached hereto, as the same may be amended from time to time (“DIRECTV Programming Packages”). 
  
 NOW, THEREFORE, the parties hereby agree as follows: 
  
 1. APPOINTMENT OF INDEPENDENT RETAILER. 
  
 1.1 APPOINTMENT. DIRECTV hereby appoints Retailer as its commissioned independent retailer to solicit subscriptions for the DIRECTV
Programming Packages (“Subscriptions”), on the terms and conditions herein. Retailer shall only sign-up Subscriptions from owners or lessors of passenger vehicles in the United States (the “Territory”) for receipt
of DIRECTV Service in such passenger vehicles. Passenger vehicles are defined to include automobiles and light trucks (pick-up trucks, vans, sport utility vehicles) registered in any one of the 50 states of the United States. Retailer may solicit
Subscriptions only for the DIRECTV Programming Packages identified in Exhibit B attached hereto, and not any other programming packages or services DIRECTV may offer. DIRECTV may amend the list of DIRECTV Programming Packages
from time to time on written notice to Retailer. Retailer hereby accepts such appointment and shall use commercially reasonable efforts to solicit Subscriptions and to promote and enhance DIRECTV’s business, reputation and goodwill. 

 
 1.2 NO EXCLUSIVITY REQUIRED OF DIRECTV. DIRECTV
may itself solicit Subscriptions from consumers, either directly, indirectly, or in conjunction with any third party, and may authorize parties other than Retailer to solicit Subscriptions, for any compensation and upon any other terms as DIRECTV
may determine in its discretion. Such compensation and terms may differ from those provided Retailer in this Agreement. Retailer acknowledges that DIRECTV and such other parties may compete with Retailer in the solicitation of Subscriptions.

  
 1.3 LIMITED EXCLUSIVITY REQUIRED OF
RETAILER. In consideration of Retailer’s having access to certain of DIRECTV’s confidential information regarding DIRECTV’s business, and using DIRECTV’s logo in the promotion of the Retailer’s Products (as defined
below), Retailer agrees that it will not directly or indirectly, promote, advertise, market, offer, sell or solicit sales of any audio/video multi-channel entertainment programming packages or equipment which compete with DIRECTV or DIRECTV Systems
in the passenger vehicle market during the term in the Territory (the “Exclusive Obligation”). The parties agree and acknowledge that the Exclusive Obligation described herein is a material term of this Agreement and that the
violation of this Subsection will cause substantial harm to DIRECTV. Accordingly, in addition to any other rights DIRECTV may have, DIRECTV shall have the right to terminate this Agreement immediately for Retailer’s material breach of this
Section. Should DIRECTV enter into a definitive binding agreement during the term with a direct competitor of Retailer for the manufacture or marketing of specialized mobile antennas and set-top box receivers that enable customers in passenger
vehicles to receive DIRECTV programming, Retailer’s Exclusive Obligation to DIRECTV would terminate on the second anniversary of the Effective Date, or anytime thereafter should DIRECTV enter into such an agreement thereafter. 
  

 2. RETAILER’S GENERAL OBLIGATIONS. 
  
 2.1 [Reserved] 
  
 2.2 RETAIL DISPLAYS. Retailer shall cause its Dealers
to prominently display, in a high traffic area at each of its Dealer’s locations and in a manner reasonably directed by DIRECTV, point of sale materials provided or approved by DIRECTV and demonstration of the DIRECTV System which provides a
live feed of DIRECTV programming on a monitor of a size appropriate for passenger vehicles, unless otherwise agreed in writing by DIRECTV. Retailer shall cause such Dealers to keep such DIRECTV System turned on and tuned to such channels as DIRECTV
may designate during normal business hours. 
  
 2.3 TRAINING. DIRECTV shall provide training and training materials regarding its DBS Service and DIRECTV programming to Retailer’s training personnel, as DIRECTV reasonably deems necessary. Retailer shall train its own
employees and its Dealers to the reasonable satisfaction of DIRECTV. DIRECTV may request that Retailer’s employees and Dealers attend supplementary training classes from time to time. Retailer shall be responsible for all expenses and
compensation of its employees and Dealers during such training. Should DIRECTV elect to use its Home Services Provider Network to install Retailer’s Products during the term, Retailer shall provide all necessary training and services to the
Home Services Provider Network to enable capability. 
  
 2.4 SALES PERSONNEL. 
  
 (a)
Retailer may allow only its employees (and not any other independent contractors, sub-agents or other parties) to solicit, take or deliver any orders for DIRECTV Programming Packages except with DIRECTV’s prior written consent, which may be
withheld in DIRECTV’s discretion. Retailer may utilize persons other than its employees who have been properly trained in accordance with Section 2.3 of this Agreement (the “Approved Third Parties”) to solicit orders for
DIRECTV Programming Packages if Retailer informs DIRECTV in writing of the nature of the relationship with such Third Parties (e.g., independent contractor providing installation service) prior to the launch of any specific solicitation activity,
and DIRECTV shall have the right, in its reasonable discretion, to disapprove any relationship between Retailer and any third party. 
  
 (b) DIRECTV’s approval hereunder shall not be construed as an acknowledgement that Retailer is complying with applicable laws.
Retailer represents that it, as well as any Approved Third Parties that Retailer contracts with, are operating in compliance with applicable laws. Retailer will be responsible and liable for any and all action or inaction taken by such Approved
Third Parties in connection with this Agreement. Notwithstanding the foregoing, in the event that DIRECTV, in its reasonable discretion, determines that the Approved Third Parties are not complying with the terms of this Agreement, DIRECTV may
immediately withdraw its approval of such Approved Third Parties and Retailer shall immediately cease use of such Approved Third Parties in connection with this Agreement. 
  
 2.5 ADVERTISING. Retailer shall promote and advertise DIRECTV and its DBS Service for passenger
vehicles, at its sole cost, using such marketing channels and at such frequency as DIRECTV may reasonably designate and Retailer may reasonably agree. All advertising materials using DIRECTV’s Marks (as hereinafter defined) shall be subject to
DIRECTV’s prior approval, which approval may be withheld by DIRECTV in its sole and absolute discretion. No approval shall limit Retailer’s obligation to comply with applicable law or be deemed an endorsement of any advertising content
except as it relates to DIRECTV’s DBS Service. DIRECTV and Retailer shall work together on various marketing activities associated with the DBS Service and Retailer’s Products. 
  
 2.6 STANDARD POLICIES. Retailer shall comply with and shall cause its Dealers to comply with the
standard policies and procedures DIRECTV may promulgate for its independent retailers or sales agents in written notices, guidelines, and bulletins, including, but not limited to, DIRECTV’s Trademark and Style Guide, as the same may be amended
from time to time (collectively, “Policies”). The Policies shall be an integral part of this Agreement but may not impair any of Retailer’s rights granted herein. 
  
 2.7 STANDARD OF CONDUCT. In all of its activities as a commissioned independent retailer for DIRECTV
and in its own DIRECTV System business and Retailer’s Products business, Retailer shall conduct itself, and shall cause its Dealers to conduct themselves, in a commercially reputable and ethical manner, shall comply with all applicable laws,
and shall engage in no deceptive sales practice or other practice which impugns DIRECTV’s commercial reputation and goodwill. 
  

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 2.8 NO TYING. In no event may Retailer condition the sale of a DIRECTV Programming
Package upon the customer’s acquisition of any other product or service (other than approved DIRECTV System and installation related thereto), except as approved by DIRECTV in writing. 
  
 2.9 BOOKS AND RECORDS. Retailer shall maintain books
and records relating to its activities on behalf of DIRECTV for a minimum of three (3) years after their creation and shall keep them at its principal place of business. DIRECTV may at all times during business hours inspect such records and
Retailer’s locations for compliance thereunder. 
  
 2.10 COLLECTION AND ADMINISTRATION OF ANNUAL PROGRAMMING COMMITMENT AGREEMENTS. For each and every Qualifying Subscriber and every existing DIRECTV subscriber who agrees to activate and maintain a DIRECTV Programming Package for one
year, Retailer shall perform the following: 
  
 (a) Explain the terms and conditions of the Annual Programming Commitment Agreement required by DIRECTV as described in Schedule 1 attached hereto and in other materials provided by DIRECTV from time to time; 
  
 (b) Cause the customer to complete and execute the Annual
Programming Commitment Agreement; 
  
 (c) Verify,
validate and certify, by reasonable means, the accuracy of the information provided by the customer in the Annual Programming Commitment Agreement; 
  
 (d) Complete the dealer portion of the Annual Programming Commitment Agreement; 
  
 (e) Provide a completed and executed copy of the Annual
Programming Commitment Agreement to the customer; 
  
 (f) Maintain a completed and executed copy of the Annual Programming Commitment Agreement; 
  
 (g) When submitting an Order, as defined herein below, for a DIRECTV Programming Package in accordance with the order procedures, indicate
and notify DIRECTV, in accordance with the procedures prescribed by DIRECTV, that a customer has executed and agreed to the Annual Programming Commitment Agreement; 
  
 (h) Upon request by DIRECTV, provide the completed copy of the Annual Programming Commitment Agreement; and

  
 (i) For purposes of this Agreement, a
“Qualifying Subscriber” shall mean an owner or lessor of a passenger vehicle registered within the Territory from whom Retailer procures an Approved Activation (as defined below) for a Subscription for which Prepaid Programming Commission
(as defined below) is payable under the terms of this Agreement. 
  
 2.11 CUSTOMER RELATIONS, ETC. Retailer shall not (a) mislead, deceive or otherwise misrepresent customers in connection with the terms and conditions of the DIRECTV Programming Packages or the Annual
Programming Commitment Agreement; (b) force or coerce customers into executing the Annual Programming Commitment Agreement; (c) falsify any information contained in the Annual Programming Commitment Agreement; or (d) falsely claim that a customer
has executed the Annual Programming Commitment Agreement. In the event Retailer breaches or otherwise violates this Section, in addition to any other rights it may have, DIRECTV shall have the right to terminate this Agreement immediately upon
written notice to Retailer. 
  
 3. RETAILER’S PRODUCTS
BUSINESS. 
  
 3.1 RETAILER’S OWN
ACCOUNT. Retailer shall conduct all of its DIRECTV System and Retailer’s Products fulfillment, sale, lease, installation scheduling, installation, warranty, technical support, maintenance, 

  

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and repair business (“DIRECTV System Business”) for its own account and not as an agent for DIRECTV. At the request of DIRECTV, Retailer
shall display notices to its customers, in such form, places and manner as mutually agreed by Retailer and DIRECTV, of such fact and that Retailer and not DIRECTV shall be responsible for all of Retailer’s actions and Retailer’s
Dealers’ actions in this regard. DIRECTV disclaims any control over Retailer’s DIRECTV System business and Retailer’s Products business except to the limited extent expressly provided herein and to support and protect its activities
as a commissioned independent retailer for DIRECTV’s DBS Service. 
  
 3.2 APPROVED DIRECTV SYSTEM. All DIRECTV Systems offered by Retailer for use with DIRECTV’s DBS Service must be compatible with such DBS Service and manufactured by a supplier approved by DIRECTV. DIRECTV
shall notify Retailer of such approved DIRECTV Systems and suppliers. Retailer may take orders for DIRECTV Programming Packages hereunder only from customers to whom its Dealers sell or lease Retailer’s Products. “Retailer’s
Products” shall mean the TracVision A5 and future versions of such satellite television antenna designed for use on passenger vehicles by Retailer, along with the set-top box receiver, remote control and any other accessories associated
therewith. Retailer shall be responsible at its sole cost for the provision of Retailer’s Products. Retailer shall use commercially reasonable efforts to develop technological improvements and enhancements to Retailer’s Products during the
Term, including incorporation of reasonable technical recommendations from DIRECTV related to Retailer’s Products. 
  
 3.3 BRANDING. Retailer shall brand Retailer’s Products with its logo and/or trademark. DIRECTV shall have the right, but not
the obligation, to jointly brand Retailer’s Products at any time during the Term if mutually agreed upon by the parties. Should DIRECTV decide to jointly brand a competing passenger vehicle antenna and at the same time decide not to jointly
brand Retailer’s Products, Retailer is free from its Exclusive Obligation to DIRECTV set forth in Section 1.3. 
  
 4. RATES AND TERMS OF SERVICES. 
  
 4.1 RATES. DIRECTV may determine the content, pricing, terms, and conditions of its Programming Packages in its discretion.
Retailer shall not represent that DIRECTV Programming Packages may be obtained on any different terms or rates, shall not impose additional or different terms and shall not offer customers any discount, rebate, or other material benefits in
consideration for subscribing to them, except as expressly authorized by DIRECTV in writing. 
  
 4.2 CHANGES. DIRECTV may change the content, pricing, terms, conditions, and availability of its Programming Packages from time to
time in its discretion. DIRECTV shall notify Retailer of such changes as soon as practicable. Retailer shall promptly replace point of sale materials as necessary. 
  
 4.3 MISREPRESENTATIONS. If Retailer or one of its Dealers misrepresents or fails to fully disclose
any prices or other terms of DIRECTV Programming Packages to any customer, it shall reimburse DIRECTV any amount which DIRECTV is compelled, or in its reasonable judgment according to its standard business practices decides, to pay or credit the
customer in compensation for such misrepresentation. In addition, DIRECTV shall be entitled to offset any such payment or credit by DIRECTV to customers as a result of Retailer’s or its Dealer’s misrepresentations or omissions against any
amounts owed to Retailer by DIRECTV. 
  
 5. ORDERS FOR
SERVICE. 
  
 5.1 ORDER PROCEDURES. Retailer shall
comply with the procedures set forth in Exhibit C attached hereto, as the same may be amended by DIRECTV from time to time upon written notice, regarding the receipt and delivery of orders for DIRECTV Programming Packages
(“Orders”). All Orders shall be subject to acceptance or rejection by DIRECTV in its discretion. 
  
 5.2 NO FINANCING OR COLLECTION OF FEES. Retailer shall not provide financing for Subscriptions or collect Subscription fees or other money due to
DIRECTV from DIRECTV subscribers (“Subscribers”), and all Subscription fees shall be billed directly to the Subscriber by DIRECTV, unless otherwise approved in writing by DIRECTV. Failure to comply with the provisions of this
Section 5.2 shall be deemed a material breach by Retailer that is incurable, and shall entitle DIRECTV to immediately terminate this Agreement as set forth in Section 12.3. 
  

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 6. COMPENSATION. 
  
 6.1 PREPAID PROGRAMMING COMMISSIONS. 
  
 (a) In consideration of Retailer’s services in procuring Orders for DIRECTV Programming Packages,
DIRECTV shall pay Retailer commissions (“Prepaid Programming Commissions”) in the amount and on the terms and conditions set forth in the Commission Schedule attached hereto as Exhibit D, subject to later
chargeback on the terms described in Section 6.3. The parties agree and acknowledge that the Prepaid Programming Commissions are generally payable upon “Approved Activation.” For purposes of this Agreement, “Approved Activation”
shall mean an activation of a DIRECTV Programming Package by an owner/lessor of a passenger vehicle registered in the Territory as a result of (a) DIRECTV’s receipt of an “Order” for a DIRECTV Programming Package which is initially
procured by Retailer and delivered to DIRECTV in accordance with DIRECTV’s order procedures as set forth in Exhibit C; and (b) DIRECTV’s acceptance of such Order as an Approved Activation, as evidenced by the
attachment of Retailer’s unique agent number to the corresponding customer account. Notwithstanding the foregoing, for administrative purposes, the parties agree that Retailer shall be eligible to participate in the DIRECTV program commonly
referred to as the Buy-Down Program, pursuant to which Retailer will receive a portion of the Prepaid Programming Commission upon purchase of certain authorized DIRECTV Systems from participating DIRECTV System distributors. The Prepaid Programming
Commission payable to Retailer will appear as credit on invoice for DIRECTV Systems purchased by Retailer from such distributor. 
  
 6.2 EXCEPTIONS. Retailer acknowledges that Retailer’s failure to properly follow DIRECTV’s order procedures can prevent
any such orders from being deemed an Approved Activation for purposes of earning Prepaid Programming Commissions. DIRECTV’s reasonable determination of whether Retailer has materially failed to follow DIRECTV’s order procedures shall be
determinative. 
  
 (a) Notwithstanding anything
to the contrary herein, DIRECTV shall not be required to pay any Prepaid Programming Commissions for: 
  
 (i) any Subscription canceled prior to the commencement of service; 
  
 (ii) any Orders made by a Subscriber to Retailer prior to the Effective Date of this Agreement because such
Orders shall be subject to the agreement in effect prior to the effective date of this Agreement, if any; 
  
 (iii) any Orders for DIRECTV Programming Packages delivered to DIRECTV after termination of this Agreement; 
  
 (iv) any Orders for which Retailer failed to comply with
Section 2.10 of this Agreement; or 
  
 (v) any
DIRECTV Programming Package sold to a residential household, recreational vehicle or marine vehicle. 
  
 (b) DIRECTV shall not be required to pay any Prepaid Programming Commission on account of payments received by DIRECTV from Subscribers
after the termination of this Agreement, except as provided in Section 13.1. 
  
 6.3 CHARGEBACKS. 
  
 (a) All Prepaid Programming Commissions are based upon a full uninterrupted purchase of the DIRECTV Programming Package purchased by the Subscriber for the period of one (1) year (the “Commissionable
Term”). If the Subscriber terminates, cancels, or disconnects (whether initiated by Subscriber or DIRECTV) his/her DIRECTV Programming Package prior to the end of the Commissionable Term, or the Subscriber fails to pay DIRECTV for the
entire uninterrupted Commissionable Term of a DIRECTV Programming Package for which Retailer was paid a Prepaid Programming Commission, then DIRECTV may charge back Retailer the portion of the Prepaid Programming Commission corresponding to the
unpaid portion of such Commissionable Term. For example: if DIRECTV pays $50.00 to Retailer as a Prepaid Programming Commission requiring a Commissionable Term of one year for a DIRECTV Programming Package Subscription, and the Subscriber pays
DIRECTV only for the first 9 months of such package, then DIRECTV may charge back Retailer 25% of the Prepaid Programming Commission, or $12.50. 
  

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 (b) If Retailer receives any other Prepaid Programming Commission or any other amounts to
which it is not entitled hereunder, DIRECTV may charge back such amount from sums otherwise owing to Retailer. 
  
 6.4 CHANGES. Retailer acknowledges that the market for DBS Services is competitive and unpredictable and that DIRECTV may need to
adapt its marketing cost structure to changing conditions from time to time. Accordingly, DIRECTV may change the Prepaid Programming Commissions at any time, and from time to time, in its discretion; provided that: 
  
 (a) DIRECTV shall give Retailer at least 45 days prior
written notice of the effective date of any such change; 
  
 (b) a change in Prepaid Programming Commissions shall be effective only with respect to Orders transmitted to DIRECTV after the effective date of the change; and 
  
 (c) Retailer may terminate this Agreement by written notice
to DIRECTV, delivered no later than 45 days after receipt of the change notice. 
  
 6.5 SHARING COMPENSATION PROHIBITED. Retailer shall not rebate or share any Prepaid Programming Commissions with any other third
party (whether or not an authorized independent retailer or sales agent of DIRECTV). Retailer may not combine sales of DIRECTV Programming Packages with another agent/retailer. Retailer acknowledges that any orders submitted under another
agent’s/retailer’s account number or through such other agent’s electronic interface with DIRECTV, including that of a Dealer, shall not be credited to Retailer for purposes of calculating Prepaid Programming Commissions. 

 
 6.6 SET-OFFS BY DIRECTV. DIRECTV may set-off or
recoup any amounts owed to it by Retailer, or by its subsidiaries and affiliates, pursuant to this or any other agreement with DIRECTV, and any damages suffered by DIRECTV due to Retailer’s breach hereof or other misconduct, against any amounts
which it owes to Retailer. The foregoing does not limit DIRECTV’s right to recover any unrecouped balance. 
  
 6.7 PAYMENT TERMS. DIRECTV shall pay Retailer applicable Prepaid Programming Commissions within 65 days after the end of the
accounting month, as determined by DIRECTV, in which the applicable Approved Activation occurs. In no event shall DIRECTV be required to pay such Prepaid Programming Commissions until such time as accrued unpaid amounts total at least $50.

  
 7. CONFIDENTIAL INFORMATION. 
  
 7.1 DIRECTV TRADE SECRETS. Retailer acknowledges that
DIRECTV possesses and will possess confidential information concerning its DBS Service business, such as the identities and characteristics of its Subscribers, service and sales methods, advertising, promotion and marketing strategies, programming
strategies, prices, design, technical specifications, performance and manufacture of its products (“Technical Information”), and the terms and conditions of this Agreement (collectively, “DIRECTV Trade Secrets”),
and that Retailer might have access to the DIRECTV Trade Secrets. 
  
 7.2 USE AND DISCLOSURE OF DIRECTV TRADE SECRETS. Subject to Section 7.5 below, Retailer shall treat all information received from DIRECTV and designated as “Confidential” or “Proprietary” as
DIRECTV Trade Secrets. Retailer acknowledges that the DIRECTV Trade Secrets constitute the valuable property of DIRECTV and shall not acquire any interest in them other than the right to utilize them in the exercise of its rights and the performance
of its obligations hereunder. Retailer shall not use the DIRECTV Trade Secrets in connection with any other business or capacity, shall limit their permitted use and disclosure on a need-to-know basis, and shall maintain them in confidentiality
during and for two (2) years after the term of this Agreement, provided however, that the obligation of Retailer set forth in this Section 7.2 with respect to the Technical Information shall survive the termination of this Agreement and shall be
indefinite and without time limit (subject to Section 7.5). 
  
 7.3 INDEPENDENT RETAILER TRADE SECRETS. DIRECTV acknowledges that Retailer possesses and will possess confidential information concerning the design, technical specifications, performance and manufacture of its
products (“Product Technology Information”), sales methods, advertising, promotion, marketing 

  

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strategies, prices, and proposals to manufacturers of passenger vehicles (collectively, “Retailer Trade Secrets”), and that DIRECTV might
have access to these Retailer Trade Secrets. 
  
 7.4 USE AND DISCLOSURE OF INDEPENDENT RETAILER TRADE SECRETS. Subject to Section 7.5 below, DIRECTV shall treat all information received from Retailer and designated as “Confidential” or “Proprietary” as Retailer
Trade Secrets. DIRECTV acknowledges that the Retailer Trade Secrets constitute the valuable property of Retailer and shall not acquire any interest in them other than the right to utilize them in the exercise of its rights and the performance of its
obligations hereunder. DIRECTV shall not use the Retailer Trade Secrets in connection with any other business or capacity, shall limit their permitted use and disclosure on a need-to-know basis, and shall maintain them in confidentiality during and
for two (2) years after the term of this Agreement, provided however, that the obligation of DIRECTV set forth in this Section 7.4 with respect to Product Technology Information shall survive the termination of this Agreement and shall be indefinite
and without time limit (subject to Section 7.5). 
  
 7.5 EXCEPTIONS. A Party who has received Trade Secrets (“Receiving Party”) shall not be liable for disclosure or use of any Trade Secrets of the other Party (“Disclosing Party”) if such information: 
  
 (a) is in or enters the public domain, other than by breach
of this Agreement or disclosure (either deliberate or inadvertent) by the Receiving Party, prior to such disclosure or use; 
  
 (b) is known to the Receiving Party at the time of first receipt, or thereafter becomes known to the Receiving Party prior to or
subsequent to such disclosure without similar restrictions from a source other than the Disclosing Party, as evidenced by written records; or 
  
 (c) is developed by the Receiving Party independently of any disclosure hereunder, as evidenced by written records. 
  
 Should the Receiving Party be required to disclose Trade Secrets received hereunder by order
of a governmental agency, legislative body, or court of competent jurisdiction, the Receiving Party shall promptly notify the Disclosing Party thereof, and, upon the request of the latter, shall reasonably cooperate with the Disclosing Party (at the
Disclosing Party’s expense) in contesting such disclosure. If after such contest disclosure is still required, then the Receiving Party shall request confidential treatment of such information from such governmental agency, legislative body, or
court. Except in connection with failure to discharge responsibilities set forth in the preceding sentence, neither Party shall be liable in damages for any disclosures pursuant to such governmental, legislative, or judicial order. 
  
 7.6 PRESS RELEASE. Neither party shall issue an
independent press release with respect to this Agreement or the transactions contemplated hereby unless mutually agreed to by both parties. Promptly after the Effective Date, the parties shall use their best reasonable efforts to agree upon a
mutually acceptable press release with respect to the parties’ general business relationship under this Agreement and to jointly issue such press release at a mutually agreed upon time, but in any event, within 30 days of the Effective Date.

  
 8. INSURANCE. Retailer shall maintain in force, during
the term hereof and for three (3) years after the term, policies of insurance issued by reputable carriers, covering insurable risks and with limits as specified by DIRECTV on Exhibit E hereto as amended by DIRECTV from time to
time upon reasonable notice to Retailer. Such policies shall name DIRECTV as an additional insured on product liability and umbrella insurance and shall provide for thirty (30) days prior written notice to DIRECTV of any material modification,
cancellation, or expiration of each policy. Retailer shall deliver certificates of insurance to DIRECTV evidencing such uninterrupted coverage on DIRECTV’s request and upon any renewal of such coverage. 
  
 9. INTELLECTUAL PROPERTY. DIRECTV shall provide Retailer with a logo
and trademark usage manual (“Usage Manual”) (which may be amended by DIRECTV from time to time in its discretion) that specifies the permitted uses of DIRECTV’s service marks, trademarks, and other commercial symbols
(“Marks”). Retailer may use the Marks only in accordance with the provisions of this Agreement and the Usage Manual. Retailer shall not use any logo, trademark, service mark or trade name of any supplier of DIRECTV (including,
without limitation, entities providing programming to DIRECTV) for any purpose except as expressly permitted by such supplier. Retailer shall not acquire any right to any goodwill, Mark, copyright, or other form of intellectual or commercial
property of DIRECTV, except for the limited use rights expressly granted herein. 
  

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 10. ASSIGNMENT. 
  
 10.1 ASSIGNMENT BY DIRECTV. This Agreement may be assigned by DIRECTV to any entity which assumes the
obligations of DIRECTV hereunder and acquires the right and ability to perform them. 
  
 10.2 ASSIGNMENT BY RETAILER. This Agreement is made by DIRECTV in reliance on the financial, business and personal reputation of
Retailer and its ownership and management. Accordingly, this Agreement may not be assigned or encumbered by Retailer. 
  
 11. TERM. 
  
 11.1 TERM. The initial term of this Agreement shall commence on the Effective Date hereof and shall continue, unless terminated in
accordance herewith, for a period of five (5) years. 
  
 11.2 RENEWAL. Except as provided below, the term shall automatically renew, upon the same terms and conditions, for an unlimited number of successive renewal terms of one year each. Either party may elect to cancel this Agreement for
any reason, effective upon the expiration of the then-current term, by delivering written notice thereof to the other party at least forty-five (45) days prior to such expiration. 
  
 12. TERMINATION. This Agreement shall be terminable upon the following conditions: 
  
 12.1 TERMINATION FOR CAUSE. DIRECTV may terminate
this Agreement upon six (6) months’ written notice to Retailer if Retailer’s customer service, technical and/or installation standards fall below a level that DIRECTV deems satisfactory. 
  
 12.2 REGULATORY CHANGES. DIRECTV may terminate this
Agreement immediately upon written notice to Retailer if the Federal Communications Commission or any other regulatory agency promulgates any rule or order which (a) in effect or application substantially impedes DIRECTV from fulfilling its
obligations hereunder or from providing DBS Service, or (b) materially and adversely affects DIRECTV’s ability to conduct a DBS Service business upon terms and conditions acceptable to DIRECTV, in its reasonable discretion. 
  
 12.3 IMMEDIATE TERMINATION. DIRECTV may terminate
this Agreement immediately upon written notice to Retailer, without opportunity to cure, if Retailer or any of its Dealers, as applicable, (a) knowingly misrepresents the DBS Service or Programming Packages to customers or otherwise materially
misleads them as to their content, rates or terms; (b) violates any law or knowingly breaches the standards of conduct set forth in Section 2.7; (c) knowingly uses or discloses DIRECTV Trade Secrets in violation of Section 7; (d) commits a material
breach hereof which by its terms or nature is not curable; or (e) fails to submit, within any three (3) month period during the term of this Agreement, at least (3) Orders that are accepted as Approved Activations by DIRECTV. 
  
 12.4 BREACH BY INDEPENDENT RETAILER. Except as
otherwise provided herein, DIRECTV may terminate this Agreement immediately upon written notice if Retailer fails to cure a breach of any material obligation hereunder which is curable, within thirty (30) days after written notice specifying such
breach. 
  
 12.5 BREACH BY DIRECTV. Except
as otherwise provided herein, Retailer may terminate this Agreement immediately upon written notice if DIRECTV fails to cure a breach of any material obligation hereunder which is curable, within thirty (30) days after written notice specifying such
breach. 
  
 12.6 BANKRUPTCY OR CESSATION OF
BUSINESS. Subject to applicable law, this Agreement shall terminate automatically upon either party’s cessation of business, election to dissolve, dissolution, insolvency, failure in business, commission of an act of bankruptcy, general
assignment for the benefit of creditors, any levy, attachment or foreclosure, or the enforcement of any of the rights of a secured creditor of Retailer or DIRECTV or the filing of any petition in bankruptcy or for relief under the provisions of the
bankruptcy laws. 
  
 13. RIGHTS AND OBLIGATIONS UPON
TERMINATION OR CANCELLATION. 
  
 13.1
COMPENSATION. DIRECTV shall pay to Retailer, after the termination hereof, (a) any unpaid Prepaid Programming Commission which was earned by Retailer prior to termination in accordance herewith, and 

  

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(b) Prepaid Programming Commissions owing for Orders which Retailer properly delivered to DIRECTV prior to termination, provided such Orders are accepted as
Approved Activations by DIRECTV. DIRECTV may in its discretion withhold payment of Prepaid Programming Commissions, in whole or in part, until they are fully earned as herein provided. WITHOUT LIMITATION, RETAILER IS NOT ENTITLED TO ANY COMPENSATION
WHATSOEVER FOR ORDERS WHICH ARE NOT DELIVERED TO DIRECTV, AS HEREIN REQUIRED, PRIOR TO THE EFFECTIVE DATE OF TERMINATION, EVEN IF ORDERS DELIVERED AFTER TERMINATION RESULT IN ACTIVE SUBSCRIPTIONS TO DIRECTV’S DBS SERVICE. 
  
 13.2 OBLIGATIONS OF RETAILER. Upon termination of
this Agreement for any reason, Retailer shall immediately cease using and shall, upon request of DIRECTV, deliver to DIRECTV or destroy and certify such destruction promptly upon request: (a) any unused DIRECTV sales literature; (b) all originals
and copies of completed and uncompleted Order forms and applications; and (c) all forms, directives, policy manuals and other written information and materials supplied to it by DIRECTV pursuant to this Agreement or which contain DIRECTV’s
Marks. On termination, Retailer shall immediately discontinue all sales of DIRECTV Programming Packages and all use of DIRECTV’s Trade Secrets and shall cease to identify itself as an authorized independent retailer or sales agent for
DIRECTV’s DBS Service or otherwise affiliated in any manner with DIRECTV. Because of the difficulty in establishing the improper use of customer lists and other confidential information, Retailer agrees that for a period of two (2) years after
termination, it shall not, on behalf of any other provider of audio/video multichannel entertainment programming packages or equipment or on its own behalf, solicit any Subscriber who was procured by Retailer and is a Subscriber as of such
termination date. 
  
 13.3 WAIVER OF CLAIMS.
EACH PARTY WAIVES ANY RIGHT TO COMPENSATION AND DAMAGES IN CONNECTION WITH THE PROPER TERMINATION OF THIS AGREEMENT IN ACCORDANCE HEREWITH, TO WHICH IT MIGHT OTHERWISE BE ENTITLED UNDER ANY APPLICABLE LAW. BY WAY OF EXAMPLE, BOTH PARTIES SHALL
HAVE NO RIGHT, BASED ON SUCH TERMINATION, TO ANY PAYMENT FROM DIRECTV FOR LOST BUSINESS, FUTURE PROFITS, LOSS OF GOODWILL, REIMBURSEMENT OF EXPENDITURES OR INVESTMENTS MADE OR COMMITMENTS ENTERED INTO, ADVERTISING COSTS, OVERHEAD OR OTHER COSTS
INCURRED OR ACQUIRED BASED UPON THE BUSINESS DERIVED OR ANTICIPATED UNDER THIS AGREEMENT. 
  
 13.4 SURVIVAL. The covenants and conditions herein which, by their terms or nature, extend beyond the termination or expiration of
this Agreement, shall survive such termination or expiration until fully performed. 
  
 14. FORCE MAJEURE. Neither party shall be liable for any loss, damage, cost, delay, or failure to perform in whole or in part resulting from causes beyond such party’s control, including but not limited
to, fires, strikes, insurrections, riots, or requirements of any governmental authority. 
  
 15. INDEPENDENT CONTRACTOR RELATIONSHIP. Retailer is an independent contractor authorized during the term hereof to solicit orders for DIRECTV Programming Packages as a commissioned Retailer. Retailer is not a
partner, franchisee, or employee of DIRECTV for any purpose whatsoever. The provisions of this Agreement are for the benefit only of the parties hereto, and no third party may seek to enforce, or benefit from, these provisions. 
  
 16. INDEMNIFICATION. Except as provided below, each party shall
defend and indemnify the other, its affiliates and their respective employees, officers, and directors from and against any and all third party claims and resulting damages, costs, and other liabilities arising out of the indemnifying party’s
breach or alleged breach of its representations, warranties, covenants or obligations under this Agreement, negligence, or other wrongful conduct. Retailer shall defend and indemnify DIRECTV, its parents, subsidiaries, affiliates and related
companies, and its and their respective employees, officers, directors, members, shareholders, successors and assignees from and against any and all claims, damages, costs, expenses (including reasonable attorneys’ fees) and other liabilities
arising out of or in connection with any claims of third parties: (a) for compensation or damages arising out of the termination of this Agreement or of Retailer’s ability to take orders for DIRECTV Programming Packages; (b) arising from,
relating to or in connection with Retailer’s Products, other than a claim of a breach of DIRECTV’s representations set forth in Section 18.6; or (c) arising from, relating to or in connection with a Dealer of Retailer’s or an Approved
Third Party related to the subject matter of this Agreement. Retailer shall have the right to control the claims for which it provides indemnity with reasonable input from DIRECTV including approval for settlement. DIRECTV shall not be required to
indemnify Retailer with respect to the content of any programming (including without limitation claims relating to trademark, copyright, music, music performance and other proprietary interests) unless and solely to the extent of any applicable
pass-through indemnification provided to DIRECTV 

  

 9 

 
by the providers of such programming. RETAILER WAIVES ANY RIGHT TO INDEMNIFICATION ARISING OUT OF THE CONSTRUCTION, USE AND/OR OPERATION OF DIRECTV’S
SATELLITE(S) AND RELATED SYSTEMS. 
  
 17. LIMITATION OF
LIABILITY. NEITHER PARTY SHALL BE LIABLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES OF THE OTHER PARTY, WHETHER FORESEEABLE OR NOT AND WHETHER BASED ON NEGLIGENCE OR OTHERWISE EXCEPT WITH RESPECT TO CLAIMS BY OR DAMAGES AWARDED TO A THIRD PARTY
AGAINST WHICH A PARTY TO THIS AGREEMENT HAS AN OBLIGATION TO DEFEND AND INDEMNIFY. PROJECTIONS OR FORECASTS BY EITHER PARTY SHALL NOT CONSTITUTE BINDING COMMITMENTS. IN NO EVENT SHALL DIRECTV’S DAMAGES TO RETAILER, UNDER THIS AGREEMENT EXCEED
THE AMOUNTS PAID OR DUE TO RETAILER FOR THE SALE OF DIRECTV PROGRAMMING PACKAGES DURING THE PREVIOUS TWELVE (12) MONTH PERIOD. THE COMPENSATION PROVIDED TO RETAILER HEREUNDER REFLECTS THIS ALLOCATION OF RISK. NOTHING HEREIN SHALL LIMIT THE
PARTY’S INDEMNIFICATION OBLIGATIONS UNDER SECTION 16 ABOVE. 
  
 18. MISCELLANEOUS. 
  
 18.1
LAWS. This Agreement has been entered into in the State of California and all issues with respect to the construction of this Agreement and the rights and liabilities of the parties shall be governed by the laws of the State of California,
without regard to its conflicts of law rules. 
  
 18.2 INTEGRATION. This Agreement replaces any prior agreement, understanding and commitment between the parties regarding Retailer’s appointment and performance as a commissioned independent retailer or sales agent for DIRECTV
for DIRECTV Programming Packages, but specifically does not replace that certain Sales Agency Agreement between the parties hereto dated February 21, 2001, as amended on February 1, 2002. Retailer is not relying on any oral or written statements or
representations made by any DIRECTV employee or representative regarding such matters other than those expressly set forth herein. The execution and delivery of this Agreement do not change, amend or otherwise affect the rights and obligations of
Retailer or DIRECTV Enterprises, Inc. under the Bilateral Agreement for Exchange of Proprietary Information between DIRECTV Enterprises, Inc. and Retailer, dated January 10, 2000. 
  
 18.3 COMPLIANCE. Each party shall comply with all applicable laws, rules and regulations of all
governmental authorities. 
  
 18.4 EXPENSES.
Each party shall pay all of its costs and expenses under this Agreement and shall be solely responsible for the acts and expenses of its own agents and employees. 
  
 18.5 AMENDMENTS. Any modification of this Agreement must be in writing and signed by both parties,
except as otherwise expressly provided herein. Retailer acknowledges that the Policies promulgated by DIRECTV, in accordance with Section 2.6, as well as the modifications to order procedures set forth in Exhibit C, and any
changes in compensation in accordance with Section 6.4 and Section 8, as well as the modifications to insurance coverage set forth in Exhibit E, do not constitute modifications requiring Retailer’s written consent.

  
 18.6 AUTHORIZATION; CAPACITY.

  
 (a) Retailer represents that the execution,
delivery and performance of this Agreement have been duly authorized, that it has the full right, power, and authority to execute, deliver and perform this Agreement, and that such execution, delivery and performance do not and will not conflict
with any agreement, instrument, order, judgment or decree to which it is a party or by which it is bound. 
  
 (b) Retailer represents that it is not, and agrees to immediately notify DIRECTV if it should become during the term hereof, a local
telecommunications exchange carrier, interexchange carrier, alternative access provider, wireless telecommunications service provider (defined as an entity which holds a radio frequency license under Title 3 of the Communications Act of 1934, as
amended) or a franchised cable company, and DIRECTV reserves the right to immediately terminate this Agreement should Retailer become such. 
  

 10 

 (c) DIRECTV represents that it (i) has the right to distribute the programming in the
DIRECTV Programming Packages listed on Exhibit B hereto, and (ii) has no knowledge of any Federal Communications Commission statutes, laws, rules and orders applicable to it which would be violated by this Agreement or the
transactions contemplated hereby. 
  
 18.7 NO
IMPLIED WAIVERS. The failure of either party to require the performance by the other of any provision of this Agreement shall not affect in any way the right to require such performance at any later time nor shall the waiver by either party of a
breach of any provision hereof be deemed a waiver of such provision. 
  
 18.8 NOTICES. Any notice or other written communication required or permitted to be given by this Agreement shall be deemed given when personally delivered or delivered by Federal Express or telecopied, or 3
business days after it has been sent by U.S. first-class, certified or registered mail, postage prepaid, properly addressed to the addresses set forth below the signatures herein. Retailer shall provide a minimum of ten (10) days advance written
notice to DIRECTV in the event of any address or telephone change. 
  
 18.9 INVALID OR UNENFORCEABLE PROVISIONS. If any provision of this Agreement is determined to be invalid or unenforceable, the provision shall be deemed severed from the remainder, which shall remain
enforceable. If any provision of this Agreement does not comply with any law, ordinance or regulation of any governmental or quasi-governmental authority, now existing or hereinafter enacted, such provision shall to the extent possible be
interpreted in such a manner so as to comply with such law, ordinance or regulation, or if such interpretation is not possible, it shall be deemed amended, to satisfy the minimum requirements thereof. 
  
 18.10 GOVERNMENTAL APPROVALS. This Agreement shall be
subject to all necessary approvals of local, state and federal regulatory agencies. 
  
 18.11 TAXES. Any taxes asserted against Retailer or DIRECTV by any governmental authority as a result of this Agreement shall be
the responsibility of the parties as follows: (a) Retailer shall be responsible for any taxes or levies arising out of its performance hereunder, with the exception of any sales tax as to which DIRECTV has provided Retailer the appropriate rate and
Retailer has forwarded such amount to DIRECTV; and (b) each party shall be responsible for any taxes related to its income derived hereunder. 
  
 18.12 ARBITRATION. 
  
 (a) Any dispute or claim arising out of the interpretation, performance, or breach of this Agreement, including without limitation claims
alleging fraud in the inducement, shall be resolved only by binding arbitration, at the request of either party, in accordance with the rules of the American Arbitration Association, modified as herein provided. The arbitrators shall be, to the
fullest extent available, either retired judges or selected from a panel of persons trained and expert in the subject area of the asserted claims. If the claim seeks damages of less than $250,000, one arbitrator shall decide it. In all other cases,
each party shall select one arbitrator, who shall jointly select the third arbitrator. If for any reason a third arbitrator is not selected within one month after the claim is first made, the third arbitrator shall be selected in accordance with the
rules of the American Arbitration Association. The arbitrators shall apply California substantive law to the proceeding, except to the extent Federal substantive law would apply to any claim. An award may be entered against a party who fails to
appear at a duly noticed hearing. The arbitrators shall prepare in writing and provide to the parties an award including factual findings and the reasons on which their decision is based. The arbitrators shall not have the power to commit errors of
law or legal reasoning, and the award may be vacated or corrected on appeal to a court of competent jurisdiction for any such error. The parties agree and acknowledge that no class arbitration shall be permissible hereunder. The decision of the
arbitrators may be entered and enforced as a final judgment in any court of competent jurisdiction. The parties shall share equally the arbitrator’s fees and other costs of the arbitration. 
  
 (b) Notwithstanding the foregoing, the following shall not
be subject to arbitration and may be adjudicated only by the Los Angeles County, California Superior Court or the U.S. District Court for the Central District of California: 
  
 (1) any dispute, controversy, or claim relating to or contesting the validity of DIRECTV’s right to
offer DBS Service to the public or any of DIRECTV or Retailer’s Trade Secrets, confidential information or Marks; and 
  

 11 

 (2) the request by either party for preliminary or permanent injunctive relief, whether
prohibitive or mandatory, or provisional relief such as writs of attachments or possession. 
  
 (c) This Section and any arbitration conducted hereunder shall be governed by the United States Arbitration Act (9 U.S.C. Section 1, et
seq.). The parties acknowledge that the transactions contemplated by this Agreement involve commerce, as defined in said Act. This Section 18.12 shall survive the termination or expiration of this Agreement. 
  
 18.13 ATTORNEYS’ FEES. In the event of any
litigation or arbitration between the parties with respect to this Agreement, the prevailing party shall be entitled to recover reasonable attorneys’ fees and costs of litigation, as the court or tribunal may determine. 
  

									
	DIRECTV, INC.	 	 	 	 
				
	DIRECTV Signature:	 	 /s/ Steven J. Cox
	 	 	 	 Date: 6/21/04

  

									
	 Address:
	 	 DIRECTV, Inc.
 2230 East Imperial Highway
 El Segundo, California 90245
	 	 	 	 	 	 
	 Telecopy No.:
	 	(310) 535-5499	 	 	 	 	 	 

  

			
	 KVH Industries, Inc.

		
	 By:
	 	 /s/ Martin Kits van Heyningen

	 	 	 (signature)

	 Martin Kits van Heyningen

	[PRINT NAME]        
	 Title:
	 	 President and CEO

  

			
	 Location Address:
	 	 KVH Industries, Inc.
 50 Enterprise Center

Middletown, RI 02840

  
 Mailing Address: 
  
 Telecopy No.: (401) 849-0045 
 Telephone No.: (401) 845-3327 
 Federal I.D. or Social Security
Number:                                       
  
  
 Check One: 

	 	 ̈	Sole Proprietor 

	 	 ̈	Partnership 

	 	x	Corporation 

  
 NOTE: PLEASE ATTACH W-9 
  

 12 

 EXECUTION VERSION 
  
 SCHEDULE 1 
 ANNUAL PROGRAMMING COMMITMENT AGREEMENT 

			
	 Date _____________________
	  	[GRAPHIC]
		
	DIRECTV ANNUAL PROGRAMMING AGREEMENT	  	 
		
	 Thank you for choosing to purchase DIRECTV® System equipment. By signing this Annual Programming Agreement,
 Customer (hereafter referred to as “I”/“me”/“you”/“your”) agrees to abide by the following terms and conditions:
	  	 

  

			
	  ̈        Check here if you are a new residential DIRECTV customer.
	 	  ̈        Check here if you are a current residential DIRECTV customer purchasing an additional DIRECTV Receiver(s).

  
 Programming
Agreement: Within 30 days of purchase of your DIRECTV System equipment, you agree to activate any DIRECTV® TOTAL CHOICE® programming package (valued at $36.99 per month or above), any DIRECTV PARA TODOS® programming
package (valued at $33.99 per month or above), Phoenix TV, or Jadeworld programming package. DIRECTV’S PROGRAMMING AND PRICING SUBJECT TO CHANGE AT ANY TIME. The programming package must be maintained for a period of twelve (12)
consecutive months (without interruption) for each DIRECTV System purchased by you, including additional DIRECTV Receivers ($4.99 per month per additional receiver as long as all receivers are connected to the same phone line). After you have
fulfilled your twelve (12) month agreement to the required programming package, you are not obligated to continue your subscription to DIRECTV programming for any specific duration. Existing DIRECTV customers may activate additional receivers with
their existing DIRECTV programming package. 
  
 Consequences of Your Failure
to Maintain Agreement: If you fail to maintain and pay for twelve (12) consecutive months of the required programming package, you agree that DIRECTV may charge you a prorated fee of up to one hundred fifty US dollars ($150.00); within 14
days of downgrading or disconnecting your programming, you have an option to send all of your DIRECTV System Equipment (receiver[s] and remote control[s]) to DIRECTV in lieu of this payment. The Equipment, including the Access Card inserted
into each DIRECTV System Receiver unit, must be returned to DIRECTV in good working order, normal wear and tear excepted. See DIRECTV.com or call 1-800-DIRECTV for details. 
  
 THIS PROGRAMMING AGREEMENT IS SEPARATE AND DIFFERENT FROM ANY OTHER ANNUAL AGREEMENT YOU MAY HAVE PREVIOUSLY MADE WITH DIRECTV AND IS
FULLY ENFORCEABLE UNDER THESE TERMS. 
  
 DIRECTV Customer
Agreement: You hereby agree and acknowledge that this DIRECTV Annual Programming Agreement sets forth additional terms and conditions regarding your receipt of DIRECTV programming and activation of access cards and shall be applied in
conjunction with the DIRECTV Customer Agreement, a copy of which is provided at DIRECTV.com and with your first bill. 
  
 Arbitration: You and DIRECTV agree that both parties will resolve any dispute arising under this Agreement through binding arbitration as set forth in the
DIRECTV Customer Agreement. 
  
 Customers in NRTC Territory: This
Agreement does not apply to customers who activate DIRECTV System equipment in a territory served by members or affiliates of the National Rural Telecommunications Cooperative. 
  

					
	FIRST NAME	  	MI	  	LAST NAME
	  ̈  ̈  ̈  ̈  ̈  ̈  ̈  ̈
 ̈  ̈  ̈  ̈  ̈  ̈
	  	 ̈	  	  ̈  ̈  ̈  ̈  ̈  ̈  ̈  ̈
 ̈  ̈  ̈  ̈  ̈  ̈

  

													
	STREET ADDRESS (NO P.O. BOXES)	 	 	 	CITY	  	 	 	STATE	  	 	 	ZIP CODE
							
	___________________________________________________	 	 	 	____________________	  	 	 	__________	  	 	 	____________________

  

			
	 DAYTIME PHONE
	 	 EVENING PHONE

	 ( ̈  ̈  ̈)  ̈  ̈  ̈ -  ̈  ̈  ̈  ̈
	 	 ( ̈  ̈  ̈)  ̈  ̈  ̈ -  ̈  ̈  ̈  ̈

	BY SIGNING BELOW, I HEREBY AUTHORIZE AND AGREE THAT DIRECTV MAY, AT ITS SOLE OPTION, CHARGE THE FEES DESCRIBED HEREIN TO THE CREDIT CARD DESIGNATED BELOW. I WARRANT THAT I AM 18
YEARS OLD OR OLDER AND THAT ALL INFORMATION SUPPLIED BY OR ABOUT ME IS ACCURATE. I HAVE READ AND AGREE TO THE ABOVE TERMS AND CONDITIONS.
	
	Customer Signature ______________________________________________________  Date __________________________

  
 NOTE: DO NOT WRITE
IN THIS SECTION. TO BE COMPLETED BY DEALER (IN BLUE OR BLACK INK ONLY). 
  

					
	 ̈ PLEASE CHECK BOX IF DIRECTV SYSTEM IS BEING RETURNED BY
CUSTOMER.
			
	MODEL(S)	  	SERIAL NUMBER(S)	  	 ACCESS CARD NO.(S)
 (FILL IN ALL 12 DIGITS – INCLUDING ZEROS)

	 	  	 	  	 ̈  ̈  ̈  ̈  ̈  ̈
 ̈  ̈  ̈  ̈  ̈
	 	  	 	  	 ̈  ̈  ̈  ̈  ̈  ̈
 ̈  ̈  ̈  ̈  ̈
	 	  	 	  	 ̈  ̈  ̈  ̈  ̈  ̈
 ̈  ̈  ̈  ̈  ̈

  

					
	DEALER NAME	  	DIRECTV BILLING NO.	  	NAME OF SALESPERSON
	 ___________________________________
	  	 ̈  ̈  ̈  ̈
 ̈  ̈  ̈  ̈  ̈	  	__________________________________

  

			
	CREDIT CARD NUMBER  __  AMEX  __  VISA  __  MASTERCARD  __  DISCOVER	  	EXPIRATION DATE (MM/YYYY)
	 ̈  ̈  ̈  ̈
 ̈  ̈  ̈  ̈  ̈  ̈  ̈  ̈  ̈
 ̈  ̈	  	 ̈  ̈ /  ̈  ̈
 ̈  ̈

  
 (IF CUSTOMER DOES NOT HAVE A VALID
CREDIT CARD, PLEASE COLLECT BOTH SOCIAL SECURITY NUMBER AND DRIVER LICENSE NUMBER BELOW) 
  
 SOCIAL SECURITY NUMBER 
  ̈  ̈  ̈
-  ̈  ̈ -  ̈  ̈  ̈  ̈ 

			
		
	DRIVER LICENSE NUMBER	  	STATE
	 ̈  ̈  ̈  ̈
 ̈  ̈  ̈  ̈  ̈  ̈  ̈  ̈  ̈
 ̈  ̈  ̈  ̈  ̈  ̈	  	 ̈  ̈

  
 PENDING ACCOUNT NUMBER (IF
AVAILABLE) 
  ̈  ̈  ̈  ̈  ̈  ̈  ̈  ̈
 ̈ 
  
 BLUE – DEALER COPY / PINK – CUSTOMER COPY 
  

 13 

 EXHIBIT A 
  
 RETAILER’S DEALERS 
  
 This Exhibit is subject to change by DIRECTV in its sole discretion. Therefore, DIRECTV can approve new Retailer’s

 Dealers and add them to this Exhibit for purposes of this Agreement from time to time. DIRECTV can also delete certain 
 dealers from this Exhibit in its sole discretion from time to time. 
  

 14 

 DlrListforExcelOutput 
  

									
	 COMPANY

	  	 STREET

	  	 CITY

	  	 STATE

	  	ZIP

	 Angel Distributing
	  	 154 Business Centre Drive
	  	 Birmingham
	  	AL	  	35244
	 Audio Video Specialist
	  	 512 Beltline Road
	  	 Decatur
	  	AL	  	35601
	 CKR Automotive Products, Inc.
	  	 5415 Lamco Street
	  	 Montgomery
	  	AL	  	36121
	 CKR Mobile Electronics
	  	 2710 East South Blvd
	  	 Montgomery
	  	AL	  	36116-2512
	 CKR Mobile Electronics
	  	 540 Northeast Blvd
	  	 Montgomery
	  	AL	  	36117-2239
	 CKR Mobile Electronics
	  	 2259 Cobbs Ford Road
	  	 Prattville
	  	AL	  	36066-7703
	 HiFi Buys
	  	 7509 Crestwood Blvd
	  	 Birmingham
	  	AL	  	35210
	 HiFi Buys
	  	 1642 Montgomery Highway
	  	 Hoover
	  	AL	  	35216
	 HiFi Buys
	  	 6275 University Drive #42
	  	 Huntsville
	  	AL	  	35806
	 Planet Satellite
	  	 5101 Cyrus Circle
	  	 Birmingham
	  	AL	  	35242
	 Radio Active, Inc.
	  	 3147 Pecham Parkway
	  	 Pecham
	  	AL	  	35124
	 TNT Car Stereo
	  	 3110 Airport Blvd
	  	 Mobile
	  	AL	  	36606
	 AC Sport NW
	  	 2201 South Thompson C-5
	  	 Springdale
	  	AR	  	72964
	 AC Sport, Inc.
	  	 P.O. Box 6163
	  	 Sherwood
	  	AR	  	72124
	 Extreme Auto Restylers
	  	 3117 Waco Street
	  	 Fort Smith
	  	AR	  	72903
	 Beyond Technology
	  	 250 11th Street
	  	 Douglas
	  	AZ	  	85607
	 Coulter-Cadillac, Inc.
	  	 1188 East Camelback Road
	  	 Phoenix
	  	AZ	  	85014
	 Hook-up Motor Sports
	  	 3045 E. Main Street
	  	 Mesa
	  	AZ	  	85213
	 Lund Cadillac LLC
	  	 1311 East Bell Road
	  	 Phoenix
	  	AZ	  	85022
	 Mobile Dynamics
	  	 415 S 48th Street #101
	  	 Tempe
	  	AZ	  	85281
	 Signature Audio
	  	 8295 E Raintree Drive
	  	 Scottsdale
	  	AZ	  	85260
	 The Specialists
	  	 4695 N. Oracle Road
	  	 Tucson
	  	AZ	  	85705
	 The Specialists
	  	 600 E. Fry Blvd
	  	 Sierra Vista
	  	AZ	  	85635
	 The Specialists
	  	 4414 E. Speedway Blvd
	  	 Tucson
	  	AZ	  	85712
	 The Specialists
	  	 5602 E. Broadway
	  	 Tucson
	  	AZ	  	85711
	 The Specialists
	  	 6550 N. Thornydale Road #100
	  	 Tucson
	  	AZ	  	85741
	 A1 Satellite
	  	 403 E. San Bernardino Road
	  	 Covina
	  	CA	  	91723
	 Al & Ed's Autosound
	  	 2025 S. La Cienega
	  	 W. Los Angeles
	  	CA	  	90034
	 Al & Ed's Autosound
	  	 1393 E. Walnut
	  	 Pasadena
	  	CA	  	91106
	 Al & Ed's Autosound
	  	 4969 Van Nuys Blvd
	  	 Van Nuys
	  	CA	  	91403
	 Al & Ed's Autosound
	  	 340 N. Victory Blvd
	  	 Burbank
	  	CA	  	91502
	 Al & Ed's Autosound
	  	 12423 Wilshire Blvd
	  	 Los Angeles
	  	CA	  	90025

  

 Page 1 

 DlrListforExcelOutput 
  

									
	 Al & Ed’s Autosound
	  	 17007 Hawthorne Blvd
	  	 Torrance
	  	CA	  	90260
	 Al & Ed’s Autosound
	  	 3131 Thousand Oaks Blvd
	  	 Thousand Oaks
	  	CA	  	91360
	 Al & Ed’s Autosound
	  	 8222 Tampa Avenue
	  	 Northridge
	  	CA	  	91335
	 Al & Ed’s Autosound
	  	 2301 S. Sepulveda Blvd
	  	 W. Los Angeles
	  	CA	  	90064
	 Al & Ed’s Autosound
	  	 1171 N. Tustin Avenue
	  	 Orange
	  	CA	  	92667
	 Al & Ed’s Autosound
	  	 16732 Beach Blvd
	  	 Huntington Beach
	  	CA	  	92648
	 Al & Ed’s Autosound
	  	 3020 W. Lincoln
	  	 Anaheim
	  	CA	  	92804
	 Al & Ed’s Autosound
	  	 6486 South Street
	  	 Lakewood
	  	CA	  	90713
	 Al & Ed’s Autosound
	  	 2518 Lincoln Blvd
	  	 Marina del Rey
	  	CA	  	90291
	 Al & Ed’s Autosound
	  	 2800 Harbor Blvd
	  	 Costa Mesa
	  	CA	  	92626
	 Al & Ed’s Autosound
	  	 600 South Brand Blvd
	  	 Glendale
	  	CA	  	91204
	 Al & Ed’s Autosound
	  	 3689 E. Colorado Blvd
	  	 Arcadia
	  	CA	  	91107
	 Al & Ed’s Autosound
	  	 1647 E. Imperial Highway
	  	 Brea
	  	CA	  	92821
	 Al & Ed’s Autosound
	  	 880 N. Rochester Blvd
	  	 Ontario
	  	CA	  	91764
	 Al & Ed’s Autosound
	  	 26705 Aliso Creek Road
	  	 Aliso Viejo
	  	CA	  	92656
	 Al & Ed’s Autosound
	  	 1175 Foothill Blvd
	  	 La Verne
	  	CA	  	91750
	 Al & Ed’s Autosound
	  	 5208 Jackson Drive #117
	  	 La Mesa
	  	CA	  	92041
	 Al & Ed’s Autosound
	  	 2070 Hacienda Drive #B
	  	 Vista
	  	CA	  	92083
	 Al & Ed’s Autosound
	  	 3740 Rosecrans Street
	  	 San Diego
	  	CA	  	92110
	 Al & Ed’s Autosound
	  	 8252 Clairemont Mesa Blvd
	  	 San Diego
	  	CA	  	92111
	 Al & Ed’s Autosound
	  	 1144 West Valley Parkway
	  	 Escondido
	  	CA	  	92025
	 Al & Ed’s Autosound
	  	 11608 Carmel Mtn Road
	  	 San Diego
	  	CA	  	92128
	 Al & Ed’s Autosound
	  	 41125 Winchester Road
	  	 Temecula
	  	CA	  	92591
	 All-Star Limo, Inc.
	  	 8351 Malloy Drive
	  	 Huntington Beach
	  	CA	  	92646
	 Audio Fonix
	  	 23221 Peralta Drive #A
	  	 Laguna Hills
	  	CA	  	92653
	 Audio Toyz
	  	 28622 Oso Parkway
	  	 Rancho Santa Margarita
	  	CA	  	92688
	 Beach Auto Sound
	  	 18042 Beach Blvd
	  	 Huntington Beach
	  	CA	  	92647
	 Becker Automotive Design
	  	 1711 Ives Avenue
	  	 Oxnard
	  	CA	  	93033
	 Best Sales, Inc. (dba Dealerworks)
	  	 1330 North Fourth Street
	  	 San Jose
	  	CA	  	95112
	 Big Toys
	  	 1171 Delilah Street
	  	 Corona
	  	CA	  	92879
	 California Automotive Concepts
	  	 1020 Hansen Way
	  	 Redwood City
	  	CA	  	94063
	 California Car Stereo
	  	 6620 N. Blackstone Avenue #A
	  	 Fresno
	  	CA	  	93710
	 Car Fidelity of North Hollywood
	  	 4864 Lankershim Blvd
	  	 North Hollywood
	  	CA	  	91601

  

 Page 2 

 DlrListforExcelOutput 
  

									
	 Car Stereo Outlet
	  	 3910 Stevens Creek Blvd
	  	 San Jose
	  	CA	  	95129
	 Checkered Flag
	  	 8314 Sepulveda Blvd
	  	 Sepulveda
	  	CA	  	91343
	 Competition Soundworks
	  	 17538 Studebaker Road
	  	 Cerritos
	  	CA	  	90701
	 CPS
	  	 589 Rohnert Park Expressway
	  	 Rohnert Park
	  	CA	  	94928
	 Cynergy Innovations, Inc.
	  	 28475 Sun City Blvd
	  	 Sun City
	  	CA	  	92586
	 Dealer Works, Inc.
	  	 3304 Luyung Drive
	  	 Rancho Cordora
	  	CA	  	95742
	 Executive Class Automotive Ltd
	  	 22365 El Toro Road
	  	 Lake Forest
	  	CA	  	92630
	 Haas Auto Stereo, Inc.
	  	 5774 Uplander Way
	  	 Culver City
	  	CA	  	90230
	 Heimburg Sales Group, Inc.
	  	 3333 Sunrise Blvd
	  	 Rancho Cordova
	  	CA	  	95742
	 Invideo, Inc.
	  	 1123 S. Gretta Avenue
	  	 West Covina
	  	CA	  	91790
	 Just in Time Communications, Inc.
	  	 247 North 2nd Avenue
	  	 Upland
	  	CA	  	91786
	 LaJolla Audio
	  	 5161 Santa Fe Street
	  	 San Diego
	  	CA	  	92109
	 Legend Customs
	  	 10427 San Sevaine Way #D
	  	 Mira Loma
	  	CA	  	91752
	 Leisure Time Marketing
	  	 18242 Enterprise Lane
	  	 Huntington Beach
	  	CA	  	92648
	 Lotts, Inc.
	  	 600 Pacific Avenue
	  	 Santa Cruz
	  	CA	  	95060
	 Mark's Auto Sound
	  	 1217 E Las Tunas Drive
	  	 San Gabriel
	  	CA	  	91776
	 MCO Electronics
	  	 124-1 Woodruff Avenue
	  	 Downey
	  	CA	  	90241
	 Mitsubishi Electric
	  	 5665 Plaza Drive
	  	 Cypress
	  	CA	  	90630-0007
	 Mobile Fantasy, Inc.
	  	 9353 Reseda Blvd
	  	 Northridge
	  	CA	  	91324-2927
	 Modern Image
	  	 24571 Sunnymead Blvd
	  	 Moreno Valley
	  	CA	  	92553
	 Pacific Audio & Alarm, Inc.
	  	 303 North Placentia Avenue
	  	 Fullerton
	  	CA	  	92831
	 Paradyme, Inc.
	  	 1728 Fulton Avenue
	  	 Sacramento
	  	CA	  	95825
	 Phantom Electronics
	  	 2618 E. Thousand Oaks Blvd
	  	 Thousand Oaks
	  	CA	  	91362
	 Quixtar Communications Corporation
	  	 1000 E Dominguez Street
	  	 Carson
	  	CA	  	90746
	 Santa Barbara Auto Stereo
	  	 3234 State Street
	  	 Santa Barbara
	  	CA	  	93105
	 Satellite Innovations
	  	 7201 Haven Avenue #E
	  	 Rancho Cucamonea
	  	CA	  	91701
	 Sierra Select Distributors, Inc.
	  	 4320 Roseville Road
	  	 North Highlands
	  	CA	  	95660
	 Signal Source
	  	 5779 A-1 Winfield Blvd
	  	 San Jose
	  	CA	  	95123
	 Sound Scape
	  	 11890 Woodruff Avenue
	  	 Downey
	  	CA	  	90241
	 Special Vehicle Concepts
	  	 1000 W. Pacific Coast Highway
	  	 Newport Beach
	  	CA	  	92663
	 Stereo Habitat
	  	 1450 Camden Avenue
	  	 Campbell
	  	CA	  	95008
	 Street Sound Plus
	  	 16175 Roscoe Blvd
	  	 North Hills
	  	CA	  	91343
	 Streetnoyz
	  	 3450-A Kurtz
	  	 San Diego
	  	CA	  	92110

  

 Page 3 

 DlrListforExcelOutput 
  

									
	T.M.S.	  	20928 Osborne Street #F	  	Canoga Park	  	CA	  	91304
	The Good Guys	  	3021 W. Lincoln Avenue	  	Anaheim	  	CA	  	92801
	The Good Guys	  	18600 Gridley Road	  	Artesia	  	CA	  	90701
	The Good Guys	  	3000 Ming Avenue	  	Bakersfield	  	CA	  	93304
	The Good Guys	  	820 E. Imperial Highway	  	Brea	  	CA	  	92821
	The Good Guys	  	21311 Victory Blvd	  	Canoga Park	  	CA	  	91303
	The Good Guys	  	2502 El Camino Real	  	Carlsbad	  	CA	  	92008
	The Good Guys	  	3840 Grand Avenue	  	Chino	  	CA	  	91710
	The Good Guys	  	877 East H Street	  	Chula Vista	  	CA	  	91910
	The Good Guys	  	5500 Sunrise Blvd	  	Citrus Heights	  	CA	  	95610
	The Good Guys	  	17523 Colima Road	  	City of Industry	  	CA	  	91748
	The Good Guys	  	1280-A Willow Pass Road	  	Concord	  	CA	  	94520
	The Good Guys	  	301 Corte Madera Town Center	  	Corte Madera	  	CA	  	94925
	The Good Guys	  	146 Serramonte Center	  	Daly City	  	CA	  	94015
	The Good Guys	  	6705 Amador Plaza Road	  	Dublin	  	CA	  	94568
	The Good Guys	  	1731 East Bayshore	  	East Palo Alto	  	CA	  	94303
	The Good Guys	  	5800 Christie Avenue	  	Emeryville	  	CA	  	94608
	The Good Guys	  	1109 West Valley Parkway	  	Escondido	  	CA	  	92025
	The Good Guys	  	1350 Gateway Plaza	  	Fairfield	  	CA	  	94533
	The Good Guys	  	26542 Towne Center Drive	  	Foothill Ranch	  	CA	  	92610
	The Good Guys	  	61 East Shaw Avenue	  	Fresno	  	CA	  	93710
	The Good Guys	  	142 South Brand Avenue	  	Glendale	  	CA	  	91204
	The Good Guys	  	664 Southland Mall	  	Hayward	  	CA	  	94545
	The Good Guys	  	16672 Beach Blvd	  	Huntington Beach	  	CA	  	92647
	The Good Guys	  	8657 Villa La Jolla	  	La Jolla	  	CA	  	92037
	The Good Guys	  	5500 Crossmont Center Drive	  	La Mesa	  	CA	  	91942
	The Good Guys	  	23451 Calle de la Louisa	  	Laguna Hills	  	CA	  	92653
	The Good Guys	  	6310 East Pacific Coast Highway	  	Long Beach	  	CA	  	90803
	The Good Guys	  	100 N. La Cienega	  	Los Angeles	  	CA	  	90048
	The Good Guys	  	10831 West Pico Blvd	  	Los Angeles	  	CA	  	90064
	The Good Guys	  	13450 Maxella Avenue	  	Marina Del Rey	  	CA	  	90292
	The Good Guys	  	158 Ranch Drive	  	Milpitas	  	CA	  	95035
	The Good Guys	  	3900 Sisk Road	  	Modesto	  	CA	  	95356

  

 Page 4 

 DlrListforExcelOutput 
  

									
	 The Good Guys
	  	9137 Center Avenue #A	  	Montclair	  	CA	  	91763
	 The Good Guys
	  	2345 S. Atlantic	  	Monterey Park	  	CA	  	91754
	 The Good Guys
	  	9054 Tampa Avenue	  	Northridge	  	CA	  	91324
	 The Good Guys
	  	146 S. Main Street	  	Orange	  	CA	  	92668
	 The Good Guys
	  	3590 Tyler Street	  	Riverside	  	CA	  	92503
	 The Good Guys
	  	2121 Arden Way	  	Sacramento	  	CA	  	95825
	 The Good Guys
	  	7020 Stockton Blvd	  	Sacramento	  	CA	  	95823
	 The Good Guys
	  	3495 Sports Arena Blvd	  	San Diego	  	CA	  	92110
	 The Good Guys
	  	11485 Carmel Mountain Road	  	San Diego	  	CA	  	92128
	 The Good Guys
	  	1400 Van Ness Street	  	San Francisco	  	CA	  	94109
	 The Good Guys
	  	3201-20th Avenue	  	San Francisco	  	CA	  	94132
	 The Good Guys
	  	2675 Geary Blvd #202	  	San Francisco	  	CA	  	94118
	 The Good Guys
	  	3149 Stevens Creek Blvd	  	San Jose	  	CA	  	95117
	 The Good Guys
	  	886 Blossom Hill Road	  	San Jose	  	CA	  	95123
	 The Good Guys
	  	1960 Tully Road	  	San Jose	  	CA	  	95122
	 The Good Guys
	  	41 West Hillsdale Avenue	  	San Mateo	  	CA	  	94403
	 The Good Guys
	  	646 W. Hammer Lane	  	Stockton	  	CA	  	95207
	 The Good Guys
	  	12050 Ventura Blvd	  	Studio City	  	CA	  	91604
	 The Good Guys
	  	1247 W. El Camino Blvd	  	Sunnyvale	  	CA	  	94087
	 The Good Guys
	  	21436 Hawthorne Blvd	  	Torrance	  	CA	  	90503
	 The Good Guys
	  	310 S. Lake Avenue	  	Pasadena	  	CA	  	91101
	 The Good Guys
	  	1401 Hawthorne Blvd	  	Redondo Beach	  	CA	  	90278
	 The Good Guys
	  	2805 Santa Rosa Avenue	  	Santa Rosa	  	CA	  	95407
	 The Good Guys
	  	24840 Pico Canyon Road	  	Stevenson Ranch	  	CA	  	91381
	 The Good Guys
	  	2741 El Camino Real	  	Tustin	  	CA	  	92782
	 The Good Guys
	  	390 S. Mills Road	  	Ventura	  	CA	  	93003
	 The Good Guys
	  	2044 Mt. Diablo Blvd	  	Walnut Creek	  	CA	  	94596
	 The Good Guys
	  	1000 West Covina Parkway	  	West Covina	  	CA	  	91793
	 The JWS Company, Inc.
	  	2145 Greenleaf Street	  	Santa Ana	  	CA	  	92706
	 The JWS Company, Inc.
	  	18001 Medley Drive	  	Encino	  	CA	  	91316
	 The JWS Company, Inc.
	  	18001 Medley Drive	  	Encino	  	CA	  	91316
	 Traffic Jamz Car Audio
	  	15721 Ventura Blvd	  	Encino	  	CA	  	91436
	 Transonic
	  	5505 Moreno Street #104	  	Montclair	  	CA	  	91763

  

 Page 5 

 DlrListforExcelOutput 
  

									
	Tweeter	  	1144 Camino Del Rio North	  	San Diego	  	CA	  	92108
	Tweeter	  	3445 Sports Arena Blvd	  	San Diego	  	CA	  	92110
	Tweeter	  	1218 Broadway	  	Chula Vista	  	CA	  	91911
	Tweeter	  	1346 W. Valley Parkway	  	Escondito	  	CA	  	92029
	Tweeter	  	146 North El Camino Real	  	Encinitas	  	CA	  	92024
	Tweeter	  	865 East H Street	  	Chula Vista	  	CA	  	91910
	Tweeter	  	5504 Balboa Avenue	  	San Diego	  	CA	  	92111
	Tweeter	  	72885 Hwy 111	  	Palm Desert	  	CA	  	92260
	Tweeter	  	3502 Tyler Street	  	Riverside	  	CA	  	92503
	Tweeter	  	5454 Grossmont Center Drive	  	La Mesa	  	CA	  	91942
	Tweeter	  	3809 Grand Avenue	  	Chino	  	CA	  	91710
	Tweeter	  	995 Joshua Drive	  	Vista	  	CA	  	92083
	Upstairs Car Stereo	  	8778 Plata Lane	  	Atascadero	  	CA	  	93422
	Vehicle Integrated Products	  	6060 Avenida Encinas	  	Carlsbad	  	CA	  	92008
	West Coast Customs	  	835 West Olive Street	  	Inglewood	  	CA	  	90301
	Willie's Motoring	  	525 E Manchester	  	Inglewood	  	CA	  	90301
	Z Auto Sound	  	3896 Stevens Creek Blvd	  	San Jose	  	CA	  	95117
	Zarb Electronics, Inc.	  	1750 California, Suite 117	  	Corona	  	CA	  	92881-3395
	Drive-In Auto Sound	  	165 West Arvada	  	Colorado Springs	  	CO	  	80906
	Drive-In Auto Sound	  	1352 N. Academy Blvd	  	Colorado Springs	  	CO	  	80907
	Drive-In Auto Sound	  	1749 Briargate	  	Colorado Springs	  	CO	  	80920
	Drive-In Auto Sound	  	1404 Hwy 50 West	  	Pueblo	  	CO	  	81008
	Kymat LLC (dba MAXAIR)	  	8484 S. Valley Highway	  	Englewood	  	CO	  	80112
	PDA, Inc.	  	8080 South Park Lane	  	Littleton	  	CO	  	80120
	Quality Autosound	  	586 S. Chambers Road	  	Aurora	  	CO	  	80017
	Quality Autosound	  	7382 Federal Blvd	  	Westminster	  	CO	  	80030
	Quality Autosound	  	6895 Leetsdale Drive	  	Denver	  	CO	  	80224
	Quality Autosound	  	307 W. Littleton Blvd	  	Littleton	  	CO	  	80120
	Quality Autosound	  	1701 Greeley Mall	  	Greeley	  	CO	  	80631
	Quality Autosound	  	5450 Arapahoe Avenue	  	Boulder	  	CO	  	80303
	Quality Autosound	  	11870 N. Washington Street	  	Northglenn	  	CO	  	80233
	Quality Autosound	  	8990 W. Colfax Avenue	  	Lakewood	  	CO	  	80215
	Reil & Associates	  	5454 N. Washington Street	  	Denver	  	CO	  	80216

  

 Page 6 

 DlrListforExcelOutput 
  

									
	Reil & Associates	  	5454 N. Washington Street	  	Denver	  	CO	  	80216
	Reil & Associates	  	5454 N. Washington Street	  	Denver	  	CO	  	80216
	SBS Electronics	  	6201 West 44th	  	Wheat Ridge	  	CO	  	80033
	Tweeter	  	110 Slater Street	  	Manchester	  	CT	  	06040
	Tweeter	  	195 West Main Street	  	Avon	  	CT	  	06001
	Tweeter	  	70 Universal Drive	  	North Haven	  	CT	  	06473
	Tweeter	  	2661 Berlin Turnpike	  	Newington	  	CT	  	06111
	Tweeter	  	Crystal Mall	  	Waterford	  	CT	  	06385
	Tweeter	  	109 Federal Road	  	Danbury	  	CT	  	06810
	Tweeter	  	1712 Boston Post Road	  	Milford	  	CT	  	06460
	12-Volt Mobile Electronics	  	309 H Street N.W.	  	Washington	  	DC	  	20001
	Myer-Emco	  	2241 Wisconsin Avenue	  	Washington	  	DC	  	20007
	Sound of Tri-State	  	Unit 41 Tri-State Mall	  	Claymont	  	DE	  	19703
	Tweeter	  	5601 Concord Pike	  	Wilmington	  	DE	  	19803
	Tweeter	  	3926 Kirkwood Highway	  	Wilmington	  	DE	  	19808
	Audio Advisors, Inc.	  	2273-C Palm Beach Lakes Blvd	  	West Palm Beach	  	FL	  	33409
	Audio Empire, Inc.	  	4585 118th Avenue North	  	Clearwater	  	FL	  	33762
	Auto Audio	  	33160 US 19 N	  	Palm Harbor	  	FL	  	34684
	Car & Driver	  	176-A Glades Road	  	Boca Raton	  	FL	  	33432
	CarTronics	  	1800 NW 79th Avenue	  	Miami	  	FL	  	33126
	CarTronics	  	490 N.E. 167th Street	  	North Miami Beach	  	FL	  	33162
	CarTronics	  	8250 Biscayne Blvd	  	Miami	  	FL	  	33138
	CarTronics	  	13983 S. Dixie Highway	  	South Miami	  	FL	  	33176
	CarTronics	  	7989 Pines Blvd	  	Pembroke Pines	  	FL	  	33024
	Custom Car Works	  	321 N. Congress Avenue	  	Delray Beach	  	FL	  	33445
	Five Star Car Audio & Accessories	  	17901 N.W. 27th Avenue	  	Miami	  	FL	  	33056
	Fort Myers Auto Sounds, Inc.	  	4145 Fowler Street	  	Fort Myers	  	FL	  	33901
	JR Electronics	  	9568 SW 40th Street	  	Miami	  	FL	  	33165
	Palm Auto Security, Inc.	  	2919 E North Military Trail	  	West Palm Beach	  	FL	  	33403
	Quality TV	  	14212 S. Timiami Trail	  	North Port	  	FL	  	34287
	Sawgrass Dist.	  	P.O. Box 22985	  	Fort Lauderdale	  	FL	  	33335
	Sawgrass Ford	  	14501 West Sunrise Blvd	  	Sunrise	  	FL	  	33323
	Sherrod Vans	  	6464 Greenland Road	  	Jacksonville	  	FL	  	32258

  

 Page 7 

 DlrListforExcelOutput 
  

									
	Sound Advice	  	6307 South Tamiami Trail	  	Sarasota	  	FL	  	34231
	Sound Advice	  	4835 East Colonial Drive	  	Orlando	  	FL	  	32803
	Sound Advice	  	614 East Altamonte Drive	  	Altamonte Springs	  	FL	  	32701
	Sound Advice	  	4008 North Federal Highway	  	Fort Lauderdale	  	FL	  	33308
	Sound Advice	  	2275 Palm Beach Lakes Blvd	  	West Palm Beach	  	FL	  	33409
	Sound Advice	  	2925 Tyrone Blvd	  	St. Petersburg	  	FL	  	33710
	Sound Advice	  	1102 East Fowler Avenue	  	Tampa	  	FL	  	33612
	Sound Advice	  	351 N.E. 51st Street	  	Boca Raton	  	FL	  	33431
	Sound Advice	  	7676 Peters Road	  	Plantation	  	FL	  	33317
	Sound Advice	  	1431 Sandlake Road	  	Orlando	  	FL	  	32819
	Sound Advice	  	27205 US Highway 19 North	  	Clearwater	  	FL	  	34621
	Sound Advice	  	9590 East Atlantic Blvd	  	Jacksonville	  	FL	  	32211
	Sound Advice	  	6000 Lake Gray Blvd	  	Jacksonville	  	FL	  	32244
	Sound Advice	  	12200 S.W. 88th Street	  	Miami	  	FL	  	33186
	Sound Advice	  	12519 Cleveland Avenue	  	Fort Myers	  	FL	  	33907
	Sound Advice	  	4150 North 28 Terrace	  	Hollywood	  	FL	  	33021
	Sound Advice	  	17641 Biscayne Blvd	  	Aventura	  	FL	  	33160
	Sound Advice	  	4133 Tamiami Trail North	  	Naples	  	FL	  	34103
	Sound Advice	  	2415 North Monroe Street	  	Tallahassee	  	FL	  	32303
	Sound Advice	  	12089 US Highway 1	  	North Palm Beach	  	FL	  	33408
	Sound Advice	  	2905 North Dale Mabry	  	Tampa	  	FL	  	33607
	Sound Advice	  	11805 South Dixie Highway	  	Miami	  	FL	  	33156
	Sound Advice	  	8805 Southside Blvd	  	Jacksonville	  	FL	  	32256
	Sound Advice	  	11330 Pines Blvd	  	Pembroke Pines	  	FL	  	33026
	Sound Advice	  	2501 SW 32 Terrace	  	Pembroke Pines	  	FL	  	33023
	Speed & Truck World	  	1060 W Sunrise Blvd	  	Fort Lauderdale	  	FL	  	33311
	Streamline Marketing	  	1737 SW Cabin Place	  	Palm City	  	FL	  	34990
	Superior Car Stereo, Inc.	  	1100 South Dixie Highway	  	Hollywood	  	FL	  	33020
	Techni-Car, Inc.	  	450 Commerce Blvd	  	Oldsmar	  	FL	  	34677
	The Audio Itch of Tampa Bay	  	908 N. Dale Mabry	  	Tampa	  	FL	  	33609
	TLC Coachworks	  	20423 State Road 7	  	Boca Raton	  	FL	  	33428
	Ultimate Audio	  	3699 S. Orange Blossom Trail	  	Orlando	  	FL	  	32839
	United Auto Radio & AC, Inc.	  	835 NE 2 Avenue	  	Fort Lauderdale	  	FL	  	33304

  

 Page 8 

 DlrListforExcelOutput 
  

									
	American Radio	  	3080 Northfield Place	  	Roswell	  	GA	  	30076
	Audio Visions	  	1501 East Walnut Avenue	  	Dalton	  	GA	  	30721
	Audio Warehouse	  	7700 Abercorn Street	  	Savannah	  	GA	  	31406
	Cartunes, Inc.	  	5834 Roswell Road	  	Atlanta	  	GA	  	30328
	Entertainment Technology	  	155 Athens Highway 78	  	Loganville	  	GA	  	30052
	Hamby, Brooks, McKenzie, Inc.	  	2313 Manchester Expressway	  	Columbus	  	GA	  	31904
	HiFi Buys	  	2021 W. Lidell Road	  	Duluth	  	GA	  	30096
	HiFi Buys	  	1062-A Johnson Ferry Road	  	Marietta	  	GA	  	30068
	HiFi Buys	  	4023 Lavista Road	  	Tucker	  	GA	  	30084
	HiFi Buys	  	1311-B Mt. Zion Road	  	Morrow	  	GA	  	30260
	HiFi Buys	  	1155 Ernest Barrett Parkway	  	Kennesaw	  	GA	  	30144
	HiFi Buys	  	2059 Scenic Highway	  	Snellville	  	GA	  	30078
	HiFi Buys	  	6351 Douglas Blvd	  	Douglasville	  	GA	  	30135
	HiFi Buys	  	3310 Buford Drive	  	Buford	  	GA	  	30519
	HiFi Buys	  	3690 Eisenhower Parkway	  	Macon	  	GA	  	31206
	HiFI Buys	  	105B Promenade Parkway	  	Fayetteville	  	GA	  	30214
	HiFi Buys	  	3655 Atlanta Industrial Drive	  	Atlanta	  	GA	  	30331
	HiFi Buys	  	10889 Alpharetta Highway	  	Roswell	  	GA	  	30076
	HiFi Buys	  	196 Alps Road	  	Athens	  	GA	  	30606
	HiFi Buys	  	3135 Peachtree Road	  	Atlanta	  	GA	  	30305
	HiFi Buys	  	2545-H Hargrove Road	  	Smyrna	  	GA	  	30082
	Ken’s Audio Video, Inc.	  	3677 Mercer University Drive	  	Macon	  	GA	  	31204
	Mobile Soundwaves	  	2955 Peachtree Road	  	Atlanta	  	GA	  	30309
	Murray’s	  	500 Thornton Road S-4	  	Lithia Springs	  	GA	  	30122
	NORTHSIDE H2	  	1184 Spring Street (Midtown)	  	Atlanta	  	GA	  	30309
	Ralphs Vickers & Co.	  	329 Frey’s Gin Road	  	Marietta	  	GA	  	30067
	Sound Proof, Inc.	  	7447 Douglas Blvd	  	Douglasville	  	GA	  	30135
	Sound Sensations	  	337 Cobb Parkway	  	Marietta	  	GA	  	30062
	Sound Sensations	  	7037 Georgia Highway 85	  	Riverdale	  	GA	  	30274
	Zephyr Vans, Inc.	  	1950 Jimmie Daniel Road	  	Bogart	  	GA	  	30622
	Ford & Garland Radio, Inc.	  	1304 Locust	  	Des Moines	  	IA	  	50309
	Aspen Sound	  	350 Cherry Lane	  	Coeur D’Alene	  	ID	  	83814
	Aspen Sound	  	8189 Westpark Avenue	  	Boise	  	ID	  	83704

  

 Page 9 

 DlrListforExcelOutput 
  

									
	Ideal Audio	  	225 Yellowstone Avenue	  	Pocatello	  	ID	  	83201
	Nvytel	  	4540 W. Overland Road	  	Boise	  	ID	  	83705
	ABC Automotive Electronics	  	1401 Landmeir Road	  	Elk Grove	  	IL	  	60007
	Audiosmith	  	755 N. Milwaukee Avenue	  	Libertyville	  	IL	  	60020
	Custom Sounds	  	5350 N. Illinois Street	  	Fairview Heights	  	IL	  	62208
	Custom Sounds	  	912 Milton Road	  	Alton	  	IL	  	62002
	Intasound Corp	  	(dba The Sound Advantage)	  	Harwood Heights	  	IL	  	60706
	Mid City Cellular, Inc.	  	830 N. Milwaukee Avenue	  	Chicago	  	IL	  	60622
	Music in Motion	  	14017 S. Cicero Avenue	  	Crestwood	  	IL	  	60445
	Spectrum Sales, Inc.	  	1924 N. 78th Avenue	  	Elmwood Park	  	IL	  	60707
	Tweeter	  	1202-1A West 75th Street	  	Downers Grove	  	IL	  	60516
	Tweeter	  	700 W. Town Line Road	  	Vernon Hills	  	IL	  	60061
	Tweeter	  	935 East Gold Road	  	Schaumburg	  	IL	  	60173
	Tweeter	  	4411 Fox Valley Center Drive	  	Aurora	  	IL	  	60505
	Tweeter	  	1600 West 16th Street	  	Oak Brook	  	IL	  	60523
	Tweeter	  	3232 Lake Avenue	  	Wilmette	  	IL	  	60091
	Tweeter	  	6119 Northwest Highway	  	Crystal Lake	  	IL	  	60014
	Tweeter	  	6657 Grand Avenue	  	Gurnee	  	IL	  	60031
	Tweeter	  	1175 S. Randall Road	  	Geneva	  	IL	  	60134
	Tweeter	  	7201 West Lake Street	  	River Forest	  	IL	  	60305
	Tweeter	  	310 North 8th Street	  	West Dundee	  	IL	  	60118
	Tweeter	  	2481 S. Wolf Road	  	Des Plaines	  	IL	  	60018
	Vogue Tyre & Rubber Co.	  	1101 Feehanville Drive	  	Mount Prospect	  	IL	  	60056
	Custom Auto Stereo	  	3311 S. East Street	  	Indianapolis	  	IN	  	46227
	Omni Entertainment Systems, Inc.	  	1151 Southpoint Drive	  	Valparaiso	  	IN	  	46385
	Ovation Audio Video Specialists	  	4270 West 38th Street	  	Indianapolis	  	IN	  	46254
	Ovation Audio Video Specialists	  	8802 South US 31	  	Indianapolis	  	IN	  	46227
	Ovation Audio Video Specialists	  	6609 East 82nd Street	  	Indianapolis	  	IN	  	46250
	Ovation Audio Video Specialists	  	2030 Sagamore Parkway	  	Lafayette	  	IN	  	47905
	Ovation Audio Video Specialists	  	1005 East Highway 131	  	Louisville	  	IN	  	47129
	Ovation Audio Video Specialists	  	2750 Tobey Drive	  	Indianapolis	  	IN	  	46219
	Selective Systems Inc.	  	4230 S Madison Avenue	  	Indianapolis	  	IN	  	46227
	Stewart Design	  	8211 Brooksville Road	  	Indianapolis	  	IN	  	46239

  

 Page 10 

 DlrListforExcelOutput 
  

									
	TR Sales & Marketing	  	8425 Woodfield Crossing Blvd	  	Indianapolis	  	IN	  	46240
	TR Sales & Marketing	  	8425 Woodfield Crossing Blvd	  	Indianapolis	  	IN	  	46240
	KC Trends	  	10910 Johnson Drive	  	Shawnee	  	KS	  	66203
	Ovation Audio Video Specialists	  	4001 Nicholsville Road	  	Lexington	  	KY	  	40503
	Ovation Audio Video Specialists	  	4600 Shelbyville Road	  	Louisville	  	KY	  	40207
	Ovation Audio Video Specialists	  	4241 Outer Loop Road	  	Louisville	  	KY	  	40219
	Roberts Mobile Electronics	  	11704 Shelbyville Road	  	Louisville	  	KY	  	40203
	Kirk's Ltd	  	9555 Airline Highway	  	Baton Rouge	  	LA	  	70815
	Sunblock	  	11734 Highway 171 South	  	Leesville	  	LA	  	71446
	Suncoast Sound	  	3233 Breard Street	  	Monroe	  	LA	  	71201
	Wright's Sound Gallery	  	7600 Youree Drive	  	Shreveport	  	LA	  	71105
	Bumper to Bumper	  	583 Warren Avenue	  	Brockton	  	MA	  	02301
	Detailz Auto Accessories, Inc.	  	239 Turnpike Street	  	Canton	  	MA	  	02021
	MC Entertainment/Curry Audio	  	91 Medway Road	  	Milford	  	MA	  	01757
	Opus Marketing	  	66 Williams Avenue	  	Hyde Park	  	MA	  	02136
	Opus Marketing	  	15 Hawthorne Street	  	Malden	  	MA	  	02148
	Osprey at the Gallery, Inc.	  	895 Providence Highway	  	Norwood	  	MA	  	02062
	Royale Limousine Manufacturers	  	99 Newark Street	  	Haverhill	  	MA	  	01832
	Tweeter	  	40 Pequot Way	  	Canton	  	MA	  	02021
	Tweeter	  	880 Commonwealth Avenue	  	Boston	  	MA	  	02215
	Tweeter	  	14 Needham Street	  	Newton	  	MA	  	02159
	Tweeter	  	One Wheeler Road	  	Burlington	  	MA	  	01803
	Tweeter	  	805 Providence Highway	  	Dedham	  	MA	  	02026
	Tweeter	  	86 Worcester Road	  	Framingham	  	MA	  	01701
	Tweeter	  	Cape Town Plaza	  	Hyannis	  	MA	  	02601
	Tweeter	  	1810 Washington Street	  	Hanover	  	MA	  	02339
	Tweeter	  	30 Commerce Way	  	Seekonk	  	MA	  	02771
	Tweeter	  	242 Andover Street	  	Peabody	  	MA	  	01960
	Tweeter	  	444 Broadway (Route 1)	  	Saugus	  	MA	  	01906
	Tweeter	  	180 Pearl Street	  	Braintree	  	MA	  	02184
	Tweeter	  	27 Holyoke Street	  	Holyoke	  	MA	  	01040
	Tweeter	  	Route 1 Allen Avenue	  	North Attleboro	  	MA	  	02760
	Tweeter	  	441 Southbridge Street	  	Auburn	  	MA	  	01501

  

 Page 11 

 DlrListforExcelOutput 
  

									
	Tweeter	  	10 Pequot Way	  	Canton	  	MA	  	02021
	Myer-Emco	  	10492 Auto Park Drive	  	Bethesda	  	MD	  	20817
	Myer-Emco	  	2B Bureau Drive	  	Gaithersburg	  	MD	  	20878
	Myer-Emco	  	1030 West Patrick Street	  	Frederick	  	MD	  	21703
	Tweeter	  	6455 Dobbin Road	  	Columbia	  	MD	  	21045
	Tweeter	  	10391 Reisertown Road	  	Baltimore	  	MD	  	21208
	Tweeter	  	579 Baltimore Pike	  	Bel Air	  	MD	  	21014
	Tweeter	  	585 East Ordnance Road	  	Glen Burnie	  	MD	  	21060
	Tweeter	  	1017 York Road	  	Towson	  	MD	  	21093
	Tweeter	  	11611 Old Georgetown Road	  	Rockville	  	MD	  	20852
	Radio City, Inc.	  	175 Apple Road	  	Lewiston	  	ME	  	04240
	Tweeter	  	335 Main Mall Road	  	S. Portland	  	ME	  	04106
	Area Auto Service, Inc.	  	14300 Telegraph	  	Taylor	  	MI	  	48180
	Auto America, Inc.	  	2366 Dix Highway	  	Lincoln Park	  	MI	  	48146
	Auto Ameristar Licensing Co.	  	34043 Ford Road	  	Westland	  	MI	  	48185
	Auto Glass, Tint & Accessories, Inc.	  	32056 Van Dyke	  	Warren	  	MI	  	48093
	Ben-Jas Enterprises, Inc.	  	8912 Telegraph	  	Redford	  	MI	  	48239
	Blackmer-Dieringer Mgt., Inc.	  	1705 E. West Maple	  	Walled Lake	  	MI	  	48390
	Car Tunes Stereo Center, Inc.	  	7163 Allen Road	  	Allen Park	  	MI	  	48101
	Car Tunes Stereo Center, Inc.	  	6395 Allen Road	  	Allen Park	  	MI	  	48101
	Car Tunes Stereo Center, Inc.	  	27051 Woodard Avenue	  	Berkley	  	MI	  	48072
	Car Tunes Stereo Center, Inc.	  	31560 Gratiot Avenue	  	Roseville	  	MI	  	48066
	Car Tunes Stereo Center, Inc.	  	7150 North Wayne Road	  	Westland	  	MI	  	48185
	Cars N Concepts	  	52161 U.S. Highway 131	  	Three Rivers	  	MI	  	49093
	DLJ Auto Excellence, Inc.	  	605 W. Ann Arbor Road	  	Plymouth	  	MI	  	48170
	KVH Industries, Inc.	  	2419 Kinglet Court	  	Lansing	  	MI	  	48911
	New Wave Auto Fashions, Inc.	  	21919 Allen Road	  	Woodhaven	  	MI	  	48183
	Nu Star LLC, Inc.	  	3771 Elizebeth Lake Road	  	Waterford	  	MI	  	48328
	PK Partners, Inc.	  	34043 Ford Road	  	Westland	  	MI	  	48185
	Digital Home & Business	  	5600 Queens Avenue	  	Ostego	  	MN	  	55330
	Mobile Innovations, Inc.	  	10817 Irwin Avenue South	  	Bloomington	  	MN	  	55437
	Custom Sounds	  	6960 S. Lindbergh	  	St. Louis	  	MO	  	63129
	Custom Sounds	  	1940 N. Highway 67	  	Florissant	  	MO	  	63033

  

 Page 12 

 DlrListforExcelOutput 
  

									
	 Custom Sounds
	  	247 Mid Rivers Mall Drive	  	St. Peters	  	MO	  	63376
	 Custom Sounds
	  	9809 Watson Road	  	St. Louis	  	MO	  	63126
	 Custom Sounds
	  	12160 St. Charles Rock Road	  	Bridgeton	  	MO	  	63044
	 Lynch Hummer
	  	2530 East Pitman Avenue	  	O’Fallon	  	MO	  	63366
	 R&R Sales Co.
	  	416 Big Bear Blvd	  	Columbia	  	MO	  	65202-3711
	 Stereo One (Car Fi)
	  	345 Kings Highway	  	Cape Girardeau	  	MO	  	63703
	 Stereo One (Car Fi)
	  	1600 S Glenstone	  	Springfield	  	MO	  	65804
	 	  	26 Ponca Trail	  	Kirkwood	  	MO	  	63122
	 Empress Audio
	  	3419 Market Street	  	Pascagoula	  	MS	  	39567
	 Empress Audio
	  	8080 Highway 49	  	Gulfport	  	MS	  	39502
	 Empress Audio
	  	321 Cross Park Drive	  	Pearl	  	MS	  	39208
	 Aspen Sound
	  	1300 W. Broadway	  	Missoula	  	MT	  	59802
	 Holden’s Hot Wheels
	  	424 2nd Street	  	Havre	  	MT	  	59501
	 Car Audiomasters, Inc.
	  	605 North Polk Street	  	Pineville	  	NC	  	28134
	 Carolina Custom Center
	  	960 Old Winston Road	  	Kernersville	  	NC	  	27284
	 Carwell Automotive, Inc.
	  	2010 Crooked Creek Road	  	Clayton	  	NC	  	27520
	 Freeman’s Car Stereo
	  	215 Lawton Road	  	Charlotte	  	NC	  	28216
	 Freeman’s Car Stereo
	  	1641 East Franklin Blvd	  	Gastonia	  	NC	  	28054
	 Freeman’s Car Stereo
	  	4821 South Blvd	  	Charlotte	  	NC	  	28217
	 Freeman’s Car Stereo
	  	3039 East Independence Blvd	  	Charlotte	  	NC	  	28205
	 Freeman’s Car Stereo
	  	675 Concord Parkway North	  	Concord	  	NC	  	28027
	 Freeman’s Car Stereo
	  	2030 Higwah 70 S.E.	  	Hickory	  	NC	  	28602
	 Freeman’s Car Stereo
	  	19010 Statesville Road	  	Cornelius	  	NC	  	28031
	 Freeman’s Car Stereo
	  	606 Stratford Road	  	Winston-Salem	  	NC	  	27104
	 Freeman’s Car Stereo
	  	3828 Highpoint Road	  	Greensboro	  	NC	  	27407
	 Freeman’s Car Stereo
	  	6149 Independence Blvd	  	Charlotte	  	NC	  	28212
	 Hendrick Chevrolet
	  	100 Cary Auto Mall Drive	  	Cary	  	NC	  	27511
	 Now! Audio Video
	  	5417 Sapp Road	  	Greensboro	  	NC	  	27409
	 Now! Audio Video
	  	1606-A S. Stratford Drive	  	Winston-Salem	  	NC	  	27103
	 Now! Audio Video
	  	7105 Glenwood Avenue	  	Raleigh	  	NC	  	27612
	 Now! Audio Video
	  	1810 Martin Luther King Jr. Pkwy	  	Durham	  	NC	  	27707
	 Now! Audio Video
	  	337 Crossroads Blvd	  	Cary	  	NC	  	27511
	 Now! Audio Video
	  	510 Meadowland Drive	  	Hillsborough	  	NC	  	27278

  

 Page 13 

 DlrListforExcelOutput 
  

									
	 Pro Electronics
	  	1408 S. Saunders Street	  	Raleigh	  	NC	  	27603
	 Teaka Toys LLC
	  	310 North Front Street	  	Wilmington	  	NC	  	28401
	 Tops & Trends, Inc.
	  	700 Park Centre Drive	  	Kernersville	  	NC	  	27284
	 Tweeter
	  	4646 East Independence Blvd	  	Charlotte	  	NC	  	28212
	 Tweeter
	  	5415 South Boulevard	  	Charlotte	  	NC	  	28210
	 Tweeter
	  	9604 North Tryon Street	  	Charlotte	  	NC	  	28262
	 Electronics Marketing, Inc.
	  	4438 13th Avenue South	  	Fargo	  	ND	  	58106
	 Audio Video Specialist
	  	1640 N Bell	  	Fremont	  	NE	  	68025
	 Custom Car Stereo
	  	13 Plaistow Road	  	Plaistow	  	NH	  	03865
	 Tweeter
	  	301 South Broadway	  	Salem	  	NH	  	03079
	 Tweeter
	  	2001 Woodbury Avenue	  	Newington	  	NH	  	03801
	 Tweeter
	  	293 Daniel Webster Highway	  	Nashua	  	NH	  	03060
	 Tweeter
	  	1111 S. Willow	  	Manchester	  	NH	  	03103
	 6th Avenue Electronics
	  	331 Route 4 West	  	Paramus	  	NJ	  	07652
	 6th Avenue Electronics
	  	1734 Route 46 West	  	West Paterson	  	NJ	  	07424
	 6th Avenue Electronics
	  	612 West Mt. Pleasant Ave	  	Livingston	  	NJ	  	07039
	 6th Avenue Electronics
	  	22 Route 22 West	  	Springfield	  	NJ	  	07081
	 6th Avenue Electronics
	  	950 US 1 North	  	Woodbridge	  	NJ	  	07095
	 6th Avenue Electronics
	  	545 Route 18 South	  	East Brunswick	  	NJ	  	08816
	 6th Avenue Electronics
	  	310 Route 36 East	  	West Long Branch	  	NJ	  	07764
	 Gerber RV & Auto Center
	  	434 Demarest Avenue	  	Closter	  	NJ	  	07624
	 In Toons LLC
	  	11 Phyllis Street	  	Hazlet	  	NJ	  	07730
	 Mobile Innovations
	  	176 Route 46 East	  	Lodi	  	NJ	  	07644
	 Opus Marketing
	  	46 Tarn Drive	  	Morris Plains	  	NJ	  	07950
	 Opus Marketing
	  	46 Tarn Drive	  	Morris Planes	  	NJ	  	07950
	 Opus Marketing
	  	46 Tarn Drive	  	Morris Plains	  	NJ	  	07950
	 Sammsound
	  	1103 Bloomfield Avenue	  	West Caldwell	  	NJ	  	07006
	 Sound Effects
	  	174 Route 17 North	  	Paramus	  	NJ	  	07652
	 SR Communications
	  	1525 Prospect Street	  	Lakewood	  	NJ	  	08701
	 Suburban Auto Radio, Inc.
	  	219 White Horse Pike	  	Oaklyn	  	NJ	  	08107
	 Tweeter
	  	Route 38 & Alexander Avenue	  	Maple Shade	  	NJ	  	08052
	 Tweeter
	  	3311 Brunswick Place	  	Lawrenceville	  	NJ	  	08648
	 Tweeter
	  	1563 Almonesson Road	  	Deptford	  	NJ	  	08096

  

 Page 14 

 DlrListforExcelOutput 
  

									
	 Tweeter
	  	4215 Black Horse Pike	  	May’s Landing	  	NJ	  	08336
	 Paradise Village Inc.
	  	4205 San Mateo N.E.	  	Albuquerque	  	NM	  	87110
	 Towne Crier Inc.
	  	2121 Main	  	Clovis	  	NM	  	88101
	 702 Motoring
	  	5075 S. Decatur Blvd	  	Las Vegas	  	NV	  	89118
	 Audio Xcellence
	  	6255 McLeod Drive #17	  	Las Vegas	  	NV	  	89120
	 The Good Guys
	  	4580 West Sahara Avenue	  	Las Vegas	  	NV	  	89102
	 The Good Guys
	  	4979 South Virginia	  	Reno	  	NV	  	89502
	 B&G Auto Distributors, Inc.
	  	421 5th Avenue	  	Pelham	  	NY	  	10803
	 Best Tire & Car Audio
	  	736 Northern Blvd	  	Great Neck	  	NY	  	11021
	 Bestway Coach Express, Inc.
	  	2 Mott Street	  	New York	  	NY	  	10013
	 C.C. Electronics Installations
	  	60 Willow Road	  	Watermill	  	NY	  	11976
	 Concept 2000
	  	1130-C Zerega Avenue	  	Bronx	  	NY	  	10462
	 Crown Auto Parts Co., Inc.
	  	135-01 Northern Blvd	  	Flushing	  	NY	  	11354
	 Custom Creations Superb Sound & Security
	  	2950 Avenue U	  	Brooklyn	  	NY	  	11229
	 Custom Kraft, Inc.
	  	810 Pennsylvania Avenue	  	Brooklyn	  	NY	  	11207
	 In Vision, Inc.
	  	1164 Sunrise Highway	  	Bayshore	  	NY	  	11706
	 P&L Electronics, Inc.
	  	7718 Flaltamds Avenue	  	Brooklyn	  	NY	  	11236
	 Tweeter
	  	161 Washington Road	  	Albany	  	NY	  	12205
	 Ultra Sounds
	  	237 Merrick Road	  	Lynnbrook	  	NY	  	11563
	 Ultrasmith Systems, Inc.
	  	554 West 38th Street	  	New York	  	NY	  	10018
	 Audi Visions, Inc.
	  	P.O. Box 33578	  	Cleveland	  	OH	  	44133
	 Columbus Car Audio
	  	2711 Morse Road	  	Columbus	  	OH	  	43231
	 Columbus Car Audio
	  	2933 Morse Road	  	Columbus	  	OH	  	43231
	 Columbus Car Audio
	  	6570 Riverside Drive	  	Dublin	  	OH	  	43017
	 Columbus Car Audio
	  	3784 West Broad Street	  	Columbus	  	OH	  	43228
	 Columbus Car Audio
	  	1922 Brice Road	  	Reynoldsburg	  	OH	  	43068
	 Electra Sound, Inc.
	  	5260 Commerce Parkway West	  	Parma	  	OH	  	44130
	 Funtrail Vans
	  	3966 Indianola Ave.	  	Columbus	  	OH	  	43214
	 Horizon Audio, Inc.
	  	5480 Whipple Avenue NW	  	North Canton	  	OH	  	44720
	 Mobile Electronics
	  	2330 Morse Road	  	Columbus	  	OH	  	43229
	 Park Performance
	  	516 4th Street N.W.	  	New Philadelphia	  	OH	  	44663
	 Car Trends
	  	4833 South Memorial Drive	  	Tulsa	  	OK	  	74145
	 David Lee Marketing
	  	P.O. Box 6310	  	Edmond	  	OK	  	73083

  

 Page 15 

 DlrListforExcelOutput 
  

									
	 David Lee Marketing, Inc.
	  	 3900 South Broadway
	  	 Edmond
	  	OK	  	73013
	 David Lee Marketing, Inc.
	  	 3900 South Broadway
	  	 Edmond
	  	OK	  	73013
	 David Lee Marketing, Inc.
	  	 3900 South Broadway
	  	 Edmond
	  	OK	  	73013
	 Freightliner Specialty Vehicles, Inc.
	  	 2300 S. 13th Street
	  	 Clinton
	  	OK	  	73601
	 Kenny's Auto Accessories
	  	 7737 E 42nd Place
	  	 Tulsa
	  	OK	  	74145
	 Country Coach, Inc.
	  	 135 E. 1st Avenue
	  	 Junction City
	  	OR	  	97448
	 Progressive Audio, Inc.
	  	 1313 Court Street
	  	 Medford
	  	OR	  	97501
	 Sound Choice, Inc.
	  	 730 S.E. Powell Blvd
	  	 Portland
	  	OR	  	97202
	 Sounds Fast
	  	 142 N.E. Revere Avenue
	  	 Bend
	  	OR	  	97701
	 Soundsational Car Audio
	  	 2940 W 11th Avenue
	  	 Eugene
	  	OR	  	97402
	 Stereo King Oregon, Inc.
	  	 12119 S.E. 82nd Avenue
	  	 Portland
	  	OR	  	97266
	 The Good Guys
	  	 1024 Green Acres Road
	  	 Eugene
	  	OR	  	97408
	 The Good Guys
	  	 11549 N.E. Glen Widing Road
	  	 Portland
	  	OR	  	97220
	 The Good Guys
	  	 9009 S.W. Hall Blvd
	  	 Tigard
	  	OR	  	97223
	 Perzan Auto Radio, Inc.
	  	 6409 Market Street
	  	 Upper Darby
	  	PA	  	19082
	 Tweeter
	  	 1502 Whitehall Mall
	  	 Whitehall
	  	PA	  	18052
	 Tweeter
	  	 9183 Roosevelt Blvd
	  	 Philadelphia (NE)
	  	PA	  	19114
	 Tweeter
	  	 4850 Carlisle Pike
	  	 Mechanicsburg
	  	PA	  	17055
	 Tweeter
	  	 166 Montgomery Mall
	  	 North Wales
	  	PA	  	19454
	 Tweeter
	  	 2920 Whiteford Road
	  	 York
	  	PA	  	17402
	 Tweeter
	  	 502 N. Oxford Valley Road
	  	 Langhorne
	  	PA	  	19047
	 Tweeter
	  	 601 Baltimore Pike
	  	 Springfield
	  	PA	  	19046
	 Tweeter
	  	 5125 Jonestown Road
	  	 Harrisburg
	  	PA	  	17112
	 Tweeter
	  	 1001 Ridge Pike
	  	 Conshohocken
	  	PA	  	19428
	 Tweeter
	  	 320 S. Henderson Road
	  	 King of Prussia
	  	PA	  	19406
	 Tweeter
	  	 1665 State Hill Road
	  	 Wyomissing
	  	PA	  	19610
	 Tweeter
	  	 268 Dekalb Pike
	  	 King of Prussia
	  	PA	  	19406
	 Tweeter
	  	 898-D Plaza Blvd
	  	 Lancaster
	  	PA	  	17601
	 Tweeter
	  	 2500 Moreland Road
	  	 Willow Grove
	  	PA	  	19090
	 Sound FX
	  	 339 Quaker Lane
	  	 West Warwick
	  	RI	  	02893
	 Sound FX
	  	 40 Highland Avenue
	  	 E. Providence
	  	RI	  	02914
	 Tweeter
	  	 21 Universal Blvd
	  	 Warwick
	  	RI	  	02886
	 CMA Inc.
	  	 2216 Gold Hill Road
	  	 Fort Mill
	  	SC	  	29708

  

 Page 16 

 DlrListforExcelOutput 
  

									
	 CMA Inc.
	  	 2216 Gold Hill Road
	  	 Fort Mill
	  	SC	  	29715
	 CMA Inc.
	  	 2216 Gold Hill Road
	  	 Fort Mill
	  	SC	  	29715
	 CMA Inc.
	  	 2216 Gold Hill Road
	  	 Fort Mill
	  	SC	  	29715
	 Freeman's Car Stereo
	  	 2205 Cherry Road
	  	 Rock Hill
	  	SC	  	29732
	 HiFi Buys
	  	 525 Haywood Road
	  	 Greenville
	  	SC	  	29670
	 HiFi Buys
	  	 1748 Town Centre Way
	  	 Mt. Pleasant
	  	SC	  	29464
	 HiFi Buys
	  	 225 West Blackstock Road
	  	 Spartanburg
	  	SC	  	29301
	 Rogers Stereo
	  	 525 Woodruff Road
	  	 Greenville
	  	SC	  	29607
	 Rogers Stereo
	  	 1233 Asheville Highway
	  	 Spartanburg
	  	SC	  	29303
	 Rogers Stereo
	  	 113 Beltline Blvd
	  	 Anderson
	  	SC	  	29622
	 Rogers Stereo
	  	 5411 Two Notch Road
	  	 Columbia
	  	SC	  	29223
	 American Radio
	  	 8105 Kingston Pike
	  	 Knoxville
	  	TN	  	37919
	 Cars & Trucks, Etc.
	  	 5390 Fox Plaza Drive
	  	 Memphis
	  	TN	  	38115
	 CarTronics
	  	 1815 Gallatin Road North
	  	 Madison
	  	TN	  	37115
	 CarTronics
	  	 5177 Hickory Hollow Parkway
	  	 Antioch
	  	TN	  	37013
	 Now! Audio Video
	  	 8416 Kingston Pike
	  	 Knoxville
	  	TN	  	37919
	 Stereo One
	  	 2408 Lamar Avenue
	  	 Memphis
	  	TN	  	38114
	 Tweeter
	  	 2114 Gunbarrel Road
	  	 Chattanooga
	  	TN	  	37412
	 Tweeter
	  	 2106 Gallatin Pike N
	  	 Madison
	  	TN	  	37115
	 Alamo Auto Supply
	  	 5923 Gateway West
	  	 El Paso
	  	TX	  	79925
	 Autosat TV
	  	 2384 S. Dairy Ashford
	  	 Houston
	  	TX	  	77077
	 Bonnie & Clyde
	  	 11311 Harry Hines #104
	  	 Dallas
	  	TX	  	75229
	 Clear Lake Car Stereo
	  	 382 West Main Street
	  	 League City
	  	TX	  	77573
	 Custom Car Stereo
	  	 7320 Southwest Freeway #120
	  	 Houston
	  	TX	  	77074
	 Custom Sounds
	  	 1200 S. Congress Avenue
	  	 Austin
	  	TX	  	78704
	 Custom Sounds
	  	 3909 IH35
	  	 Austin
	  	TX	  	78722
	 Custom Sounds
	  	 13026 Research Blvd
	  	 Austin
	  	TX	  	78750
	 Custom Sounds
	  	 8215 Research Blvd
	  	 Austin
	  	TX	  	78758
	 Custom Sounds
	  	 7077 San Pedro
	  	 San Antonio
	  	TX	  	78216
	 Custom Sounds
	  	 5388 Walzem Road
	  	 San Antonio
	  	TX	  	78218
	 Custom Sounds
	  	 5720 Bandera Road
	  	 San Antonio
	  	TX	  	78238
	 Custom Sounds
	  	 210 Hutchison Street
	  	 San Marcos
	  	TX	  	78666
	 Custom Sounds
	  	 7320 N. Mopac
	  	 Austin
	  	TX	  	78731

  

 Page 17 

 DlrListforExcelOutput 
  

									
	 David Lee Marketing, Inc.
	  	 10114 Champa
	  	 Dallas
	  	TX	  	75218
	 Dent Doctor of North Texas
	  	 2922 County Road 338
	  	 McKinney
	  	TX	  	75071
	 Executive Motoring
	  	 1208 Gessner Road
	  	 Houston
	  	TX	  	77055
	 Grand Prairie Audio Tint & Security, Inc.
	  	 1418 W Main Street
	  	 Grand Prairie
	  	TX	  	75050
	 Hawk Electronics
	  	 5718 Airport Freeway
	  	 Fort Worth
	  	TX	  	76117
	 Hawk Electronics
	  	 1216 W. Henderson
	  	 Cleburne
	  	TX	  	76033
	 Hawk Electronics
	  	 3201 W. Airport Freeway
	  	 Irving
	  	TX	  	75062
	 Hawk Electronics
	  	 3801 West George Bush Highway
	  	 Plano
	  	TX	  	75075
	 Hawk Electronics
	  	 1109 Northwest Highway
	  	 Garland
	  	TX	  	75041
	 Hawk Electronics
	  	 5759 SW Green Oaks Blvd
	  	 Arlington
	  	TX	  	76017
	 Hawk Electronics
	  	 5010 S. Hulen Street
	  	 Fort Worth
	  	TX	  	76132
	 Hawk Electronics
	  	 6411A Camp Bowie Blvd
	  	 Fort Worth
	  	TX	  	76116
	 Hawk Electronics
	  	 333 S.W. Wilshire Blvd
	  	 Burleson
	  	TX	  	76028
	 Hawk Electronics
	  	 8345 Agora Parkway
	  	 Selma
	  	TX	  	78154
	 Hawk Electronics
	  	 9993 IH-10 West
	  	 San Antonio
	  	TX	  	78230
	 Hawk Electronics
	  	 1617 N. Valley Mills Drive
	  	 Waco
	  	TX	  	76710
	 Hawk Electronics
	  	 1623 S. 1st Street
	  	 Lufkin
	  	TX	  	75901
	 Jack’s Mobile Electronics
	  	 1016 N. Valley Mills Drive
	  	 Waco
	  	TX	  	76710
	 JR Custom Auto
	  	 150 East Airport Freeway
	  	 Irving
	  	TX	  	75062
	 LWC Automotive Corp.
	  	 3603 Fredericksburg Road
	  	 San Antonio
	  	TX	  	78201
	 Martin Autopark
	  	 516 S Washington
	  	 Cleveland
	  	TX	  	77327
	 Mike’s Stereo Shop
	  	 304 South Timberland
	  	 Lufkin
	  	TX	  	75901
	 Mobile One
	  	 7039 Southwest Freeway
	  	 Houston
	  	TX	  	77074
	 Mobile One
	  	 11040 Kingspoint Road
	  	 Houston
	  	TX	  	77075
	 Mobile One
	  	 2507 FM 1960 West
	  	 Houston
	  	TX	  	77068
	 Mobile One
	  	 6650 South Highway 6
	  	 Houston
	  	TX	  	77083
	 Mobile One
	  	 10516 Old Katy Road
	  	 Houston
	  	TX	  	77043
	 Mobile One
	  	 13469 East Freeway
	  	 Houston
	  	TX	  	77015
	 Mobile One
	  	 25919 Interstate 45 North
	  	 Spring
	  	TX	  	77380
	 Mobile One
	  	 9771-A FM 1960 Bypass West
	  	 Humble
	  	TX	  	77338
	 Music Systems
	  	 4021 N. Mesa
	  	 El Paso
	  	TX	  	79902
	 Music Systems
	  	 11245 Rojas
	  	 El Paso
	  	TX	  	79935
	 Performance Car Audio
	  	 3703 Nedeland Avenue
	  	 Nedeland
	  	TX	  	77627

  

 Page 18 

 DlrListforExcelOutput 
  

									
	Progressive Concepts, Inc.	  	5718 Airport Freeway	  	Fort Worth	  	TX	  	76117
	Protech Electronics, Inc.	  	3884 S. Shiloh Road #100	  	Garland	  	TX	  	75041
	Regency Conversions	  	2800 Golden Triangle Blvd	  	Fort Worth	  	TX	  	76177-7016
	Rick’s Detailing	  	5146 Ayers	  	Corpus Christi	  	TX	  	78415
	Star Customs, Inc.	  	8950 Research Blvd	  	Austin	  	TX	  	78758
	The Monster Sound	  	1400 Airway Blvd	  	El Paso	  	TX	  	79925
	The Warehouse	  	6600 Montana, Suite Q	  	El Paso	  	TX	  	79925
	TNT Audio	  	4803 N. Navarro	  	Victoria	  	TX	  	77904
	Travis & Associates	  	8278 Warren Road	  	Houston	  	TX	  	77040
	Tunes & Tint	  	2303 S. Western Street	  	Amarillo	  	TX	  	79109
	Tweeter	  	2595 Preston Road	  	Plano	  	TX	  	75034
	Tweeter	  	Frostwood Retail Center	  	Houston	  	TX	  	77024
	Tweeter	  	20210 Eastex Freeway	  	Humble	  	TX	  	77024
	Tweeter	  	2260 S. Interstate Hwy 35 East	  	Lewisville	  	TX	  	75067
	Tweeter	  	Woodridge Plaza	  	Woodlands	  	TX	  	77385
	Tweeter	  	18980 Gulf Freeway	  	Friendswood	  	TX	  	77546
	Tweeter	  	2821 Southlake Blvd	  	Southlake	  	TX	  	76092
	Tweeter	  	18671 Interstate Hwy 635	  	Mesquite	  	TX	  	75150
	Tweeter	  	1150 Fry Road	  	Houston	  	TX	  	77084
	Tweeter	  	6615 Roxburgh	  	Houston	  	TX	  	77041
	Tweeter	  	3325 Garden Brook Drive	  	Dallas	  	TX	  	75234
	Tweeter	  	5310 Kirby Drive	  	Houston	  	TX	  	77005
	Tweeter	  	6522B Westheimer Road	  	Houston	  	TX	  	77057
	Tweeter	  	4752 FM 1960 West	  	Houston	  	TX	  	77069
	Tweeter	  	13900 Dallas Parkway	  	Dallas	  	TX	  	75240
	Tweeter	  	9100 N Central Expressway	  	Dallas	  	TX	  	75225
	Vecom USA Int’l, Inc.	  	dba Sound Connection	  	Laredo	  	TX	  	78041
	Woody’s Car Stereo & Electronics	  	5300 Camp Bowie Blvd	  	Fort Worth	  	TX	  	76107
	Yah-Te-Hay Pickup Accessories	  	808 E. Highway 121	  	Lewisville	  	TX	  	75057
	Air Repair Accessories	  	3665 South 300 West	  	Salt Lake City	  	UT	  	84115
	Innovative Car Audio	  	8600 South 700 East	  	Sandy	  	UT	  	84070
	Innovative Car Audio	  	3901 West 5400 Street	  	Taylorsville	  	UT	  	84118
	Innovative Car Audio	  	297 North Bluff Road	  	St. George	  	UT	  	84470

  

 Page 19 

 DlrListforExcelOutput 
  

									
	Audio Express	  	1409 Williamson Road	  	Roanoke	  	VA	  	24012
	Audio Express	  	1236 Jefferson Davis Highway	  	Fredericksburg	  	VA	  	22401
	Audio Express	  	6101 W. Broad Street	  	Richmond	  	VA	  	23230
	Audio Express	  	8253 Midlothian Turnpike	  	Richmond	  	VA	  	23235
	Audio Express	  	40 Southgate Square	  	Colonial Heights	  	VA	  	23834
	Audio Express	  	11201 Midlothian Turnpike	  	Richmond	  	VA	  	23235
	Audio Express	  	6101 West Broad Street	  	Richmond	  	VA	  	23230
	Car Spa, Inc.	  	3846 S. Four Mile Run Drive	  	Arlington	  	VA	  	22206
	Crutchfield Corporation	  	1 Crutchfield Park	  	Charlottesville	  	VA	  	22911
	Crutchfield Corporation	  	1663 East Market Street	  	Harrisonburg	  	VA	  	22801
	Crutchfield Corporation	  	1784 Rio Hill Center	  	Charlottesville	  	VA	  	22901
	Discount Auto Sound	  	5479 Virginia Beach Blvd	  	Virginia Beach	  	VA	  	23462
	Discount Auto Sound	  	818 E. Little Creek Road	  	Norfolk	  	VA	  	23518
	Discount Auto Sound	  	200 Ed Wright Lane	  	Newport News	  	VA	  	23606
	Discount Autosound	  	805 Live Oak Drive	  	Chesapeake	  	VA	  	23320
	Jim Weaver Satellite	  	15488 School Street	  	Bowling Green	  	VA	  	22427
	Mobil Satellite Technologies	  	1500 Technology Drive	  	Chesapeake	  	VA	  	23320
	Music Solution	  	7537 Carrollton Pike	  	Galax	  	VA	  	24333
	Myer-Emco	  	3511 Carlin Springs Road	  	Falls Church	  	VA	  	22041
	Myer-Emco	  	12300 Price Club Plaza Drive	  	Fairfax	  	VA	  	22030
	Myer-Emco	  	8138 Watson Street	  	Tyson’s Corner	  	VA	  	22102
	Myer-Emco	  	2800 Clarendon Blvd	  	Arlington	  	VA	  	22201
	Myer-Emco	  	47100 Community Plaza	  	Sterling	  	VA	  	20164
	Tweeter	  	10890 Lee Highway	  	Fairfax	  	VA	  	22031
	Tweeter	  	5857 Leesburg Pike	  	Baileys Crossing	  	VA	  	22441
	Tweeter	  	1500 Central Park Blvd	  	Fredericksburg	  	VA	  	22401
	Tweeter	  	7381 Sudley Road	  	Manassas	  	VA	  	20109
	Winchester Discount Outlet	  	64 W. Jubal Early Drive	  	Winchester	  	VA	  	22601
	Aspen Sound	  	7316 N. Division	  	Spokane	  	WA	  	99208
	Aspen Sound	  	14009 E. Sprague Avenue	  	Spokane Valley	  	WA	  	99202
	Innovative Audio	  	2021 130th Avenue W.	  	Bellevue	  	WA	  	98005
	KVH Industries, Inc.	  	13614 13th Avenue N.W.	  	Gig Harbor	  	WA	  	98332
	N&S Marketing and Sales	  	19023 36th Avenue W	  	Lynnwood	  	WA	  	98036

  

 Page 20 

 DlrListforExcelOutput 
  

									
	N&S Marketing and Sales	  	19023 36th Avenue W	  	Lynnwood	  	WA	  	98036
	Nuts About HiFi	  	10100 Silverdale Way	  	Silverdale	  	WA	  	98383
	Performance Auto Sound	  	1314 N Wenatchee Avenue	  	Wenatchee	  	WA	  	98801
	Performance Auto Sound	  	1314 Wenatchee Avenue	  	Wenatchee	  	WA	  	98801
	Performance Auto Sound	  	938 West Third Avenue	  	Moses Lake	  	WA	  	98837
	Performance Auto Sound	  	3500 West Clearwater Avenue	  	Kennewick	  	WA	  	99336
	Performance Auto Sound	  	2210 South First Street	  	Yakima	  	WA	  	98903
	Performance Auto Sound	  	1722 East Isaacs	  	Walla Walla	  	WA	  	99362
	The Good Guys	  	601 106th Avenue N.E.	  	Bellevue	  	WA	  	98004
	The Good Guys	  	200 East Bellis Fair Parkway	  	Bellingham	  	WA	  	98225
	The Good Guys	  	19800 44th Avenue W.	  	Lynnwood	  	WA	  	98036
	The Good Guys	  	1530 Black Lake Blvd	  	Olympia	  	WA	  	98502
	The Good Guys	  	120 31st Avenue S.E.	  	Puyallup	  	WA	  	98374
	The Good Guys	  	300 Andover Park West #500	  	Tukwila	  	WA	  	98118
	Project Two Customs LLC	  	2303 Badger Drive	  	Wauesha	  	WI	  	53188
	Pyramid Coach Corporation	  	102 Freedom Lane	  	Janesville	  	WI	  	53456
	Cole Motor Sports	  	Route 460 - Green Valley	  	Bluefield	  	WV	  	24701
	17th Street Audio & Security	  	310 E. 17th Street	  	Cheyenne	  	WY	  	82001

  

 Page 21 

 EXECUTION VERSION 
  
 EXHIBIT B 
  
 DIRECTV PROGRAMMING PACKAGES 
 (Effective as of the Effective Date, and shall continue until replaced by DIRECTV) 
  
 Total Choice Mobile Programming Package (containing those video, audio and data programming services selected by DIRECTV in its sole discretion) 
  
 $39.99 per month per non-DIRECTV residential subscriber. 
  
 $4.99 per month per existing DIRECTV residential subscriber
only. 
  

 15 

 EXECUTION VERSION 
  
 EXHIBIT C 
  
 ORDER PROCEDURES 
  
 DIRECTV and Retailer will work together to identify necessary electronic communications interfaces between Retailer and DIRECTV to allow Retailer to perform automated
account set-up and processing from a specified location of Retailer, in a manner which complies with the technical parameters and/or standards specified by DIRECTV. Each of Retailer and DIRECTV shall be responsible for implementing and bearing the
costs associated with their respective interfaces. Retailer shall pay any telephone line costs associated with the electronic communications interface link between Retailer and the Electronic Data Interchange address (or other applicable computer
interface connection point) where DIRECTV accesses the Orders Retailer transmits to DIRECTV. Retailer shall transmit, for each Order, the Required Subscriber Information and shall use commercially reasonable efforts to submit the Requested
Subscriber Information. 
  
 Retailer hereby covenants that Retailer will maintain
and only use, an electronic communications interface which complies with the technical parameters and/or standards specified by DIRECTV; provided, however, other methods for transmitting and confirming orders (such as facsimile) may be used only
when the electronic communications interface is unavailable and DIRECTV provides Retailer advance written notice that Retailer may use such methods. Retailer agrees to pay those additional costs incurred by DIRECTV that are directly related to the
use of such other method, if use of such other method is the result of action or inaction by Retailer, or is associated with a problem or deficiency in Retailer’s equipment. 
  
 After receiving an authorization request message from Retailer’s automated account set-up system, DIRECTV shall, upon acceptance of
such request, establish a pending account for the subscriber. 
  

 16 

 EXECUTION VERSION 
  
 EXHIBIT D 
  
 COMMISSION SCHEDULE 
  
 (Effective Date: Upon Execution of this Agreement by the parties) 
  

	**	This material has been omitted pursuant to a request for confidential treatment and has been filed separately with the SEC. One page was omitted pursuant to a request for
confidential treatment and filed separately with the SEC. 

  

 EXECUTION VERSION 
  
 EXHIBIT E 
  
 INSURANCE COVERAGE 
  

			
	Client#: 3201	 	KVHIND

			
	ACORDTM CERTIFICATE OF LIABILITY INSURANCE	  	DATE (MM/DD/YY)
06/04/04

					
	  
 PRODUCER
 Hilb Rogal & Hobbs
 99 High Street
 Boston, MA 02110-2320
 617 348-1900
	 	  
 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION
ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.

	 	  
 INSURERS AFFORDING COVERAGE
	 	  
 NAIC
#

	 INSURED
	 	  
 INSURER A: St. Paul Fire
& Marine
	 	 
	 KVH Industries, Inc.
 50 Enterprise Center
 Middletown, RI 02842
	 	 INSURER B:
	 	 
	 	 INSURER C:
	 	 
	 	 INSURER D:
	 	 
	 	 	 INSURER E:
	 	 

  
 COVERAGES 

																		
	
	THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY
CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN
MAY HAVE BEEN REDUCED BY PAID CLAIMS.
							
	 lNSR
 LTR

	 	 ADD’L
 INSRD

	 	 TYPE OF INSURANCE

	 	 POLICY
 NUMBER

	 	 POLICY
 EFFECTIVE
 DATE
 (MM/DD/YY)

	 	 POLICY EXPIRATION
 DATE (MM/DD/YY)

	 	 LIMITS

	A	 	 	 	GENERAL LIABILITY	 	TE06902500	 	10/01/03	 	10/01/04	 	 EACH OCCURRENCE
	 	$	1,000,000
	 	 	 	 	x COMMERCIAL GENERAL LIABILITY	 	 	 	 	 	 	 	DAMAGE TO RENTED PREMISES (Ea occurrence)	 	$	250,000
	 	 	 	 	  ̈ CLAIMS MADE x OCCUR
	 	 	 	 	 	 	 	MED EXP ( Any one person)	 	$	10,000
	 	 	 	 	  ̈                                      
                        
	 	 	 	 	 	 	 	PERSONAL & ADV INJURY	 	$	1,000,000
	 	 	 	 	  ̈                                      
                        
	 	 	 	 	 	 	 	 GENERAL AGGREGATE
	 	$	2,000,000
	 	 	 	 	GEN’L AGGREGATE LIMIT APPLIES PER:	 	 	 	 	 	 	 	PRODUCTS - COMP/OP AGG	 	$	2,000,000
	 	 	 	 	  ̈ POLICY  ̈ PROJECT  ̈ LOC
	 	 	 	 	 	 	 	 	 	 	 
								
	 	 	 	 	AUTOMOBILE LIABILITY	 	 	 	 	 	 	 	 COMBINED SINGLE LIMIT
 (Ea
accident)
	 	$	 
	 	 	 	 	  ̈ ANY AUTO
	 	 	 	 	 	 	 	 	 	 
								
	 	 	 	 	  ̈ ALL OWNED AUTOS
	 	 	 	 	 	 	 	 BODILY INJURY
 (Per
person)
	 	$	 
	 	 	 	 	  ̈ SCHEDULED AUTOS
	 	 	 	 	 	 	 	 	 	 
								
	 	 	 	 	  ̈ HIRED AUTOS
	 	 	 	 	 	 	 	 BODILY INJURY
 (Per
accident)
	 	$	 
	 	 	 	 	  ̈ NON-OWNED AUTOS
	 	 	 	 	 	 	 	 	 	 
								
	 	 	 	 	  ̈
                                        
                      
	 	 	 	 	 	 	 	 PROPERTY DAMAGE
 (Per
accident)
	 	$	 
	 	 	 	 	  ̈
	 	 	 	 	 	 	 	 	 	 
									
	 	 	 	 	GARAGE LIABILITY	 	 	 	 	 	 	 	AUTO ONLY - EA ACCIDENT	 	 	 	$	 
									
	 	 	 	 	  ̈ ANY AUTO
	 	 	 	 	 	 	 	 OTHER THAN
 AUTO ONLY:
	 	EA ACC	 	$	 
	 	 	 	 	  ̈
	 	 	 	 	 	 	 	 	AGG	 	$	 
									
	A	 	 	 	EXCESS/UMBRELLA LIABILITY	 	 TE06902500
	 	10/01/03	 	10/01/04	 	 EACH OCCURRENCE
	 	 	 	$	10,000,000
									
	 	 	 	 	x OCCUR       ̈ CLAIMS
MADE	 	 	 	 	 	 	 	 AGGREGATE
	 	 	 	$	10,000,000
	 	 	 	 	  ̈ DEDUCTIBLE
	 	 	 	 	 	 	 	 	 	 	 	$	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	 
	 	 	 	 	 x RETENTION      $ 10000
	 	 	 	 	 	 	 	 	 	 	 	$	 
	 	 	WORKERS COMPENSATION AND EMPLOYERS’ LIABILITY	 	 	 	 	 	 	 	  ̈ WC STATUTORY LIMITS
  ̈ OTHER
	 	 	 
							
	 	 	ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED?	 	 	 	 	 	 	 	 E.L. EACH ACCIDENT
	 	$	 
							
	 	 	 If yes, describe under
 SPECIAL PROVISIONS
below
	 	 	 	 	 	 	 	 E.L. DISEASE - EA EMPLOYEE
	 	$	 
	 	 	 	 	 	 	 	 	 	 	 	 	 E.L. DISEASE - POLICY LIMIT
	 	$	 
	 	 	OTHER	 	 	 	 	 	 	 	 	 	 	 

  
 DESCRIPTION OF OPERATIONS / LOCATIONS
/ VEHICLES / EXCLUSIONS ADDED BY ENDORSEMENT / SPECIAL PROVISIONS 
 Certificate Holder is added as Additional Insured under Commercial General 
 Liability and Umbrella Liability ATIMA 
  

					
	CERTIFICATE HOLDER	 	 	 	CANCELLATION
			
	 DIRECTV, lnc.
 2230 East Imperial Highway
 El Segundo, CA 90245
	 	 	 	SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO
THE LEFT, BUT FAILURE TO DO SO SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR REPRESENTATIVES.
			
	 	 	 	 	AUTHORIZED REPRESENTATIVE
			
	  	 	 	 	 /s/ Illegible

			
	ACORD 25 (2001/08) 1 of 2                #77469	 	 	 	WFB                © ACORD CORPORATION 1988

 IMPORTANT 
  

If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. A statement on this certificate does not confer rights to the certificate holder
in lieu of such endorsement(s). 
  
 If SUBROGATION IS WAIVED, subject to the terms
and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). 
  
 DISCLAIMER 
  
 The Certificate of Insurance on the reverse side of this form does not constitute a contract between the issuing insurer(s), authorized representative or producer, and
the certificate holder, nor does it affirmatively or negatively amend, extend or alter the coverage afforded by the policies listed thereon. 
  

			
	ACORD 25-S (2001/08) 2 of 2                #77469	 	 

  

			
	ACORDTM CERTIFICATE OF LIABILITY INSURANCE	  	DATE (MM/DD/YY)
06/04/04

					
	 PRODUCER
 Aon Risk Services,
Inc. of Rhode Island
 50 Kennedy Plaza
 10th Floor
 Providence RI 02903-2393
	  	THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE
AFFORDED BY THE POLICIES BELOW.
		
	 	  	COMPANIES AFFORDING COVERAGE
	  
 PHONE - (866)
266-7475         FAX - (866) 467-7847
	  	  
 COMPANY
 A
	  	Fairfield Insurance Co
	 INSURED
 KVH
Industries, Inc.
 50 Enterprise Center
 Office Park
 Middletown RI 028400000 USA
	  	  
 COMPANY
 B
	  	 
	  	  
 COMPANY
 C
	  	 
	  	  
 COMPANY
 D
	  	 

  
 COVERAGES 
  

			
	 	 	THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF
ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY
HAVE BEEN REDUCED BY PAID CLAIMS.

  

														
	 CO
LTR

	 	 TYPE OF INSURANCE

	 	 POLICY NUMBER

	 	 POLICY
EFFECTIVE
 DATE
 (MM/DD/YY)

	 	 POLICY
 EXPIRATION
 DATE
 (MM/DD/YY)

	 	 LIMITS

	 	 	GENERAL LIABILITY	 	 	 	 	 	 	 	GENERAL AGGREGATE	 	 	 
	 	 	 ̈ COMMERCIAL GENERAL LIABILITY	 	 	 	 	 	 	 	PRODUCTS - COMP/OP AGG	 	 	 
	 	 	 ̈ ̈ CLAIMS MADE     ̈ OCCUR	 	 	 	 	 	 	 	PERSONAL & ADV INJURY	 	 	 
	 	 	 ̈ OWNER’S & CONTRACTOR’S PROT	 	 	 	 	 	 	 	EACH OCCURRENCE	 	 	 
	 	 	 ̈                                      
                      	 	 	 	 	 	 	 	FIRE DAMAGE (Any one fire)	 	 	 
	 	 	 ̈                                      
                      	 	 	 	 	 	 	 	MED EXP (Any one person)	 	 	 
							
	 	 	AUTOMOBILE LIABILITY	 	 	 	 	 	 	 	COMBINED SINGLE LIMIT	 	 	 
	 	 	 ̈ ANY AUTO	 	 	 	 	 	 	 	 	 	 
	 	 	 ̈ ALL OWNED AUTOS	 	 	 	 	 	 	 	 BODILY INJURY
 (Per
person)
	 	 	 
	 	 	 ̈ SCHEDULED AUTOS	 	 	 	 	 	 	 	 	 	 
	 	 	 ̈ HIRED AUTOS	 	 	 	 	 	 	 	 BODILY INJURY
 (Per
accident)
	 	 	 
	 	 	 ̈ NON-OWNED AUTOS	 	 	 	 	 	 	 	 	 	 
	 	 	 ̈                                      
                      	 	 	 	 	 	 	 	PROPERTY DAMAGE	 	 	 
	 	 	 ̈                                      
                      	 	 	 	 	 	 	 	 	 	 
							
	 	 	GARAGE LIABILITY	 	 	 	 	 	 	 	AUTO ONLY - EA ACCIDENT	 	 	 
	 	 	 ̈ ANY AUTO	 	 	 	 	 	 	 	OTHER THAN AUTO ONLY:	 	 	 
	 	 	 ̈                                      
                      	 	 	 	 	 	 	 	EACH ACCIDENT	 	 	 
	 	 	 ̈                                      
                      	 	 	 	 	 	 	 	AGGREGATE	 	 	 
							
	 	 	EXCESS LIABILITY	 	 	 	 	 	 	 	EACH OCCURRENCE	 	 	 
	 	 	 ̈ UMBRELLA FORM	 	 	 	 	 	 	 	AGGREGATE	 	 	 
	 	 	 ̈ OTHER THAN UMBRELLA FORM	 	 	 	 	 	 	 	 	 	 	 
							
	A	 	WORKER’S COMPENSATION AND	 	1100001360	 	 	 	 	 	 ̈ WC STATUTORY LIMITS  ̈ OTHER	 	 	 
	 	 	EMPLOYERS’ LIABILITY	 	WORKERS COMP (OTHER STATES)	 	05/10/04	 	05/10/05	 	EL EACH ACCIDENT	 	$	500,000
							
	 	 	 THE PROPRIETOR/
 PARTNERS/EXECUTIVE      ̈ INCL
	 	 	 	 	 	 	 	EL DISEASE-POLICY LIMIT	 	$	500,000
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	OFFICERS ARE:                     ̈ EXCL	 	 	 	 	 	 	 	EL DISEASE-EA EMPLOYEE	 	$	500,000
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

  
 DESCRIPTION OF
OPERATIONS/LOCATIONS/VEHICLES/SPECIAL ITEMS 
 Workers Compensation for CA, IL & FL 
  

					
	 CERTIFICATE HOLDER
	 	 	 	 CANCELLATION

			
	 DIRECTV
 2230
EAST IMPERIAL HIGHWAY
 EL SEGUNDO CA 90245 USA
	 	 	 	SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO
THE LEFT. BUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE COMPANY. ITS AGENTS OR REPRESENTATIVES.
			
	 	 	 	 	AUTHORIZED REPRESENTATIVE
			
	ACORD 25-S (1/95)	 	 	 	© ACORD CORPORATION 1988
			
	Certificate No: 570009906867	 	 	 	Holder Identifier:

  

			
	ACORDTM CERTIFICATE OF LIABILITY INSURANCE	  	DATE (MM/DD/YY)
06/04/04

					
	 PRODUCER
 Aon Risk Services,
Inc. of Rhode Island
 50 Kennedy Plaza
 10th Floor
 Providence RI 02903-2393
	  	THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE
AFFORDED BY THE POLICIES BELOW.
		
	 	  	COMPANIES AFFORDING COVERAGE
	  
 PHONE - (866)
266-7475         FAX - (866) 467-7847
	  	  
 COMPANY
 A
	  	Lmi Insurance co
	 INSURED
 KVH
Industries, Inc.
 50 Enterprise Center
 Office Park
 Middletown RI 028400000 USA
	  	  
 COMPANY
 B
	  	 
	  	  
 COMPANY
 C
	  	 
	  	  
 COMPANY
 D
	  	 

  
 COVERAGES 
  

			
	 	 	THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF
ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY
HAVE BEEN REDUCED BY PAID CLAIMS.

  

														
	 CO
LTR

	 	 TYPE OF INSURANCE

	 	 POLICY NUMBER

	 	 POLICY
EFFECTIVE
 DATE
 (MM/DD/YY)

	 	 POLICY
 EXPIRATION
 DATE
 (MM/DD/YY)

	 	 LIMITS

	 	 	GENERAL LIABILITY	 	 	 	 	 	 	 	GENERAL AGGREGATE	 	 	 
	 	 	 ̈ COMMERCIAL GENERAL LIABILITY	 	 	 	 	 	 	 	PRODUCTS - COMP/OP AGG	 	 	 
	 	 	 ̈ ̈ CLAIMS MADE     ̈ OCCUR	 	 	 	 	 	 	 	PERSONAL & ADV INJURY	 	 	 
	 	 	 ̈ OWNER’S & CONTRACTOR’S PROT	 	 	 	 	 	 	 	EACH OCCURRENCE	 	 	 
	 	 	 ̈                                      
                               	 	 	 	 	 	 	 	FIRE DAMAGE (Any one fire)	 	 	 
	 	 	 ̈                                      
                               	 	 	 	 	 	 	 	MED EXP (Any one person)	 	 	 
							
	 	 	AUTOMOBILE LIABILITY	 	 	 	 	 	 	 	COMBINED SINGLE LIMIT	 	 	 
	 	 	 ̈ ANY AUTO	 	 	 	 	 	 	 	 	 	 
	 	 	 ̈ ALL OWNED AUTOS	 	 	 	 	 	 	 	 BODILY INJURY
 (Per
person)
	 	 	 
	 	 	 ̈ SCHEDULED AUTOS	 	 	 	 	 	 	 	 	 	 
	 	 	 ̈ HIRED AUTOS	 	 	 	 	 	 	 	 BODILY INJURY
 (Per
accident)
	 	 	 
	 	 	 ̈ NON-OWNED AUTOS	 	 	 	 	 	 	 	 	 	 
	 	 	 ̈                                      
                               	 	 	 	 	 	 	 	PROPERTY DAMAGE	 	 	 
	 	 	 ̈                                      
                               	 	 	 	 	 	 	 	 	 	 
							
	 	 	GARAGE LIABILITY	 	 	 	 	 	 	 	AUTO ONLY - EA ACCIDENT	 	 	 
	 	 	 ̈ ANY AUTO	 	 	 	 	 	 	 	OTHER THAN AUTO ONLY:	 	 	 
	 	 	 ̈                                      
                               	 	 	 	 	 	 	 	EACH ACCIDENT	 	 	 
	 	 	 ̈                                      
                               	 	 	 	 	 	 	 	AGGREGATE	 	 	 
							
	 	 	EXCESS LIABILITY	 	 	 	 	 	 	 	EACH OCCURRENCE	 	 	 
	 	 	 ̈ UMBRELLA FORM	 	 	 	 	 	 	 	AGGREGATE	 	 	 
	 	 	 ̈ OTHER THAN UMBRELLA FORM	 	 	 	 	 	 	 	 	 	 	 
							
	A	 	WORKER’S COMPENSATION AND	 	WC5 - 345 - 371678 - 014	 	 	 	 	 	 ̈ WC STATUTORY LIMITS  ̈ OTHER	 	 	 
	 	 	EMPLOYERS’ LIABILITY	 	Workers Compensation MI	 	05/08/04	 	05/08/05	 	EL EACH ACCIDENT	 	$	500,000
							
	 	 	 THE PROPRIETOR/
 PARTNERS/EXECUTIVE      ̈ INCL
	 	 	 	 	 	 	 	EL DISEASE-POLICY LIMIT	 	$	500,000
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	OFFICERS ARE:                     ̈ EXCL	 	 	 	 	 	 	 	EL DISEASE-EA EMPLOYEE	 	$	500,000
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

  
 DESCRIPTION OF
OPERATIONS/LOCATIONS/VEHICLES/SPECIAL ITEMS 
 Workers Compensation for the state of Michigan 
  

					
	 CERTIFICATE HOLDER
	 	 	 	 CANCELLATION

			
	 DIRECTV
 2230
EAST IMPERIAL HIGHWAY
 EL SEGUNDO CA 90245 USA
	 	 	 	SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO
THE LEFT, BUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE COMPANY. ITS AGENTS OR REPRESENTATIVES.
			
	 	 	 	 	AUTHORIZED REPRESENTATIVE
			
	ACORD 25-S (1/95)	 	 	 	© ACORD CORPORATION 1988
			
	Certificate No: 570009906892	 	 	 	Holder Identifier:

			
	ACORDTM CERTIFICATE OF LIABILITY INSURANCE	  	DATE (MM/DD/YY)
06/04/04

					
	 PRODUCER
 Aon Risk Services,
Inc. of Rhode Island
 50 Kennedy Plaza
 10th Floor
 Providence RI 02903-2393
	  	THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE
AFFORDED BY THE POLICIES BELOW.
		
	 	  	COMPANIES AFFORDING COVERAGE
	  
 PHONE - (866)
266-7475         FAX - (866) 467-7847
	  	  
 COMPANY
 A
	  	Beacon Mutual Ins Co
	 INSURED
 KVH
Industries, Inc.
 50 Enterprise Center
 office Park
 Middletown RI 028400000 USA
	  	  
 COMPANY
 B
	  	 
	  	  
 COMPANY
 C
	  	 
	  	  
 COMPANY
 D
	  	 

  
 COVERAGES 
  

			
	 	 	THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF
ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY
HAVE BEEN REDUCED BY PAID CLAIMS.

  

														
	 CO
LTR

	 	 TYPE OF INSURANCE

	 	 POLICY NUMBER

	 	 POLICY
EFFECTIVE
 DATE
 (MM/DD/YY)

	 	 POLICY
 EXPIRATION
 DATE
 (MM/DD/YY)

	 	 LIMITS

	 	 	GENERAL LIABILITY	 	 	 	 	 	 	 	GENERAL AGGREGATE	 	 	 
	 	 	 ̈ COMMERCIAL GENERAL LIABILITY	 	 	 	 	 	 	 	PRODUCTS - COMP/OP AGG	 	 	 
	 	 	 ̈ ̈ CLAIMS MADE     ̈ OCCUR	 	 	 	 	 	 	 	PERSONAL & ADV INJURY	 	 	 
	 	 	 ̈ OWNER’S & CONTRACTOR’S PROT	 	 	 	 	 	 	 	EACH OCCURRENCE	 	 	 
	 	 	 ̈                                      
                        	 	 	 	 	 	 	 	FIRE DAMAGE (Any one fire)	 	 	 
	 	 	 ̈                                      
                        	 	 	 	 	 	 	 	MED EXP (Any one person)	 	 	 
							
	 	 	AUTOMOBILE LIABILITY	 	 	 	 	 	 	 	COMBINED SINGLE LIMIT	 	 	 
	 	 	 ̈ ANY AUTO	 	 	 	 	 	 	 	 	 	 
	 	 	 ̈ ALL OWNED AUTOS	 	 	 	 	 	 	 	 BODILY INJURY
 (Per
person)
	 	 	 
	 	 	 ̈ SCHEDULED AUTOS	 	 	 	 	 	 	 	 	 	 
	 	 	 ̈ HIRED AUTOS	 	 	 	 	 	 	 	 BODILY INJURY
 (Per
accident)
	 	 	 
	 	 	 ̈ NON-OWNED AUTOS	 	 	 	 	 	 	 	 	 	 
	 	 	 ̈                                      
                        	 	 	 	 	 	 	 	PROPERTY DAMAGE	 	 	 
	 	 	 ̈                                      
                        	 	 	 	 	 	 	 	 	 	 
							
	 	 	GARAGE LIABILITY	 	 	 	 	 	 	 	AUTO ONLY - EA ACCIDENT	 	 	 
	 	 	 ̈ ANY AUTO	 	 	 	 	 	 	 	OTHER THAN AUTO ONLY:	 	 	 
	 	 	 ̈                                      
                        	 	 	 	 	 	 	 	EACH ACCIDENT	 	 	 
	 	 	 ̈                                      
                        	 	 	 	 	 	 	 	AGGREGATE	 	 	 
							
	 	 	EXCESS LIABILITY	 	 	 	 	 	 	 	EACH OCCURRENCE	 	 	 
	 	 	 ̈ UMBRELLA FORM	 	 	 	 	 	 	 	AGGREGATE	 	 	 
	 	 	 ̈ OTHER THAN UMBRELLA FORM	 	 	 	 	 	 	 	 	 	 	 
							
	A	 	WORKER’S COMPENSATION AND	 	4595	 	 	 	 	 	x WC STATUTORY LIMITS  ̈ OTHER	 	 	 
	 	 	EMPLOYERS’ LIABILITY	 	WORKERS COMPENSATION - RI	 	05/10/04	 	05/10/05	 	EL EACH ACCIDENT	 	$	500,000
							
	 	 	 THE PROPRIETOR/
 PARTNERS/EXECUTIVE      ̈ INCL
	 	 	 	 	 	 	 	EL DISEASE-POLICY LIMIT	 	$	500,000
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	OFFICERS ARE:                     ̈ EXCL	 	 	 	 	 	 	 	EL DISEASE-EA EMPLOYEE	 	$	500,000
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

  
 DESCRIPTION OF
OPERATIONS/LOCATIONS/VEHICLES/SPECIAL ITEMS 
 Workers Compensation for the State of Rhode Island 
  

					
	 CERTIFICATE HOLDER
	 	 	 	 CANCELLATION

			
	 DIRECTV
 2230
EAST IMPERIAL HIGHWAY
 EL SEGUNDO CA 90245 USA
	 	 	 	SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO
THE LEFT, BUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE COMPANY, ITS AGENTS OR REPRESENTATIVES.
			
	 	 	 	 	AUTHORIZED REPRESENTATIVE
			
	 	 	 	 	Aon Risk Services, Inc. of RI
			
	ACORD 25-S (1/95)	 	 	 	© ACORD CORPORATION 1988
			
	Certificate No: 570009906875	 	 	 	Holder Identifier:Employment Agreement

 EXHIBIT 10.21 
  
 EMPLOYMENT AGREEMENT 
  

This Agreement is made and is effective as of June 7, 2004, by and between Community National Bank, a national banking association (“Bank”),
its parent company Community Bancorp, Inc., a Delaware corporation (“Bancorp”) and Richard M. Sanborn (“Executive”). 
  
 WHEREAS, the Bank wishes to employ Executive as its Senior Vice President/Administration Group as specified herein and to benefit from Executive’s
services for the period provided in this Agreement, and Executive wishes to serve in the employ of the Bank as its Senior Vice President/Administration Group on a full-time basis solely in accordance with the terms hereof for such purposes; and

  
 WHEREAS, the Board of Directors of the Bank determined that
the best interests of the Bank would be served by Executive’s employment with the Bank under the terms of this Agreement; 
  
 NOW, THEREFORE, in order to effect the foregoing, the parties hereto wish to enter into an employment agreement on the terms and conditions set forth
below. Accordingly, in consideration of the premises and the respective covenants and agreements of the parties herein contained, and intending to be legally bound hereby, the parties hereto agree as follows: 
  
 1. Definitions. 
  
 (a) “Agreement” means this employment agreement and any
amendments hereto complying with Section 20(a) hereof. 
  
 (b)
“Board” means the Board of Directors of the Bank. 
  
 (c) “Cause” shall mean Executive’s: 
  
 (i) Breach or willful neglect of his duties and responsibilities; 
  
 (ii) Conviction for a felony offense or a misdemeanor offense involving moral turpitude under the laws of the United States or any state;

  
 (iii) Material breach of this Agreement;

  
 (iv) Acts of fraud, dishonesty,
misappropriation or embezzlement committed by Executive which result in his personal enrichment or which damages or harms the Bank or Bancorp 
  
 (v) Breach of Executive’s duty of loyalty and/or fiduciary duties; and 
  
 (vi) Repeated willful failure to comply with Bank’s orders or directives or company rules, regulations,
policies, procedures or practices. 
  
 (d) “Change in
Control” means a change of control of the Bank or Bancorp of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form)
promulgated under the Securities Exchange Act, whether or not the Bank or Bancorp is then subject to such reporting requirement; provided, however, that without limitation, a Change in Control shall be deemed to have occurred if: 
  
 (i) there is a transfer, voluntarily or by hostile takeover,
by proxy contest (or similar action), operation of law, or otherwise, of Control of the Bank or Bancorp; 
  
 (ii) any Person is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act or
any successor provisions thereof), directly or indirectly, of securities of the Bank or Bancorp representing 20% or more of the combined voting power of the Bank’s or Bancorp’s then outstanding securities; 

 (iii) the individuals who were members of the Board or the Board of Directors of Bancorp
immediately prior to a meeting of the shareholders of the Bank or Bancorp, which meeting involves a contest for the election of directors, do not constitute a majority of such board following such meeting or election; 
  
 (iv) a merger, consolidation or sale of all or substantially
all of the assets of the Bank or Bancorp; or 
  
 (v) there is a change, during any period of two consecutive years, of a majority of the Board or of the Board of Directors of Bancorp as constituted as of the beginning of such period, unless the election of each director who is not a
director at the beginning of such period was approved by a vote of at least two-thirds of the directors then in office who were directors at the beginning of such period. 
  
 (e) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 (f) “Control” means the possession, direct or indirect, by
any Person or “group” (as defined in Section 13(d) of the Securities Exchange Act) of the power to direct or cause the direction of the management policies of the Bank or Bancorp, whether through ownership of voting securities, by contract
or otherwise, and in any case means the ability to determine the election of a majority of the directors of the Bank or Bancorp. 
  
 (g) “Disability” means physical or mental illness resulting in Executive’s absence on a full-time basis from Executive’s duties
with the Bank for 180 calendar days, subject to the procedure described in Section 7(a). 
  
 (h) “Expiration” means the termination of this Agreement (including Executive’s employment hereunder) and of any further obligations of the parties (except as specified in this Agreement) upon
completion of the Term. 
  
 (i) “Person” means
an individual, a group acting in concert, a corporation, a partnership, an association, a joint stock company, a trust, any unincorporated organization, a government or political subdivision thereof, or any other entity whatsoever. 
  
 (j) “Resign for Good Reason” or “Resignation for Good
Reason” has the meaning found in Section 7(d). 
  
 (k)
“Term” means the initial term of this Agreement and any extensions hereof, as provided in Section 4, whether prior to or following a Change in Control. 
  
 (l) “Termination” or “Terminate (d)” means the termination of Executive’s employment
hereunder for any of the following reasons unless the context indicates otherwise: 
  
 (i) Retirement by Executive; 
  
 (ii) Death of Executive; 
  
 (iii) Disability; 
  
 (iv) Expiration; 
  
 (v) Resignation for Good Reason; 
  
 (vi) Resignation other than Resignation for Good Reason; 
  
 (vii) Termination Without Cause; and 
  
 (viii) Termination for Cause. 
  

 2 

 (m) “Termination Without Cause” or “Terminate (d) Without Cause” means the
cessation of Executive’s employment hereunder for any reason except: 
  
 (i) A resignation by Executive; 
  
 (ii) Termination for Cause; 
  
 (iii) Retirement; 
  
 (iv) Disability; 
  
 (v) Death; or

  
 (vi) Expiration. 
  
 2. Employment. Pursuant to the provisions of 12 U.S.C. Section 24
(i.e., The National Bank Act) and notwithstanding any other provision to the contrary contained herein, it is agreed by the parties hereto that the Executive’s employment by Bank hereunder shall be at-will, and that Bank may at any time elect
to terminate this Agreement and Executive’s employment by Bank for any reason by action of its Board by the affirmative vote of at least a majority of the authorized number of directors of the Bank. In this Agreement, notwithstanding the
foregoing, in the event of any Termination Without Cause pursuant to either Section 2 or Section 7 of this Agreement, all severance and other benefits provided for in Section 8 of this Agreement shall be provided by the Bank to the Executive in lieu
of any other severance, compensation or benefits (except that Executive shall be permitted to exercise his right to seek continuing health benefits under COBRA). 
  
 3. Position and Responsibilities. The Executive shall serve as Senior Vice President/Administration Group of the Bank
and, subject to the provisions of Section 5 below, shall have such responsibilities, duties and authority set forth in the Articles of Association and Bylaws of Bank and as are generally associated with such positions and as may from time to time be
assigned to the Executive by the Board that are consistent with such responsibilities, duties and authority. During the Term of this Agreement, the Executive shall devote all his time, attention, skill and efforts during normal business hours to the
business and affairs of the Bank. 
  
 4. Term of Agreement.
Subject to the terms and provisions of this Agreement, this Agreement and the period of Executive’s employment shall be deemed to have commenced as of June 7, 2004, and shall continue for an initial term of two (2) calendar years and 207
days thereafter and any extensions thereafter, expiring on December 31, 2006, unless extended as provided herein. The initial term shall automatically be extended for an additional one (1) full calendar year without further action by the
parties on January 1, 2005, and on each succeeding January 1 thereafter, such that as of each such January 1, this Agreement shall have a remaining term of three (3) calendar years. Each party, Bank or Executive, may stop an automatic calendar year
extension, however, by serving written notice (“Notice of Non-Renewal”) upon the other within 90 calendar days prior to January 1, 2007, or within 90 calendar days prior to January 1 of any succeeding year, as the case may be, of such
party’s intention that this Agreement shall expire at the end of such Term. In the event the Bank retains Executive as an employee following the expiration of the Term, such employment, absent a written agreement to the contrary, will be on an
at-will basis with such compensation and upon such terms as the parties may then agree, subject to termination at any time with or without cause, and without liability. If the Bank does not retain Executive as an employee after the Expiration of the
Term, Executive’s employment shall cease without further liability of the parties to each other. Executive’s employment shall also terminate, and the Term of this Agreement will expire, upon Executive’s resignation (unless resignation
is for Good Reason after a Change in Control), retirement, death or Disability, or upon Executive’s Termination for Cause or Termination Without Cause. 
  

 3 

 5. Duties. 
  
 (a) Bank and Executive hereby agree that, subject to the provisions of this Agreement, the Bank shall employ Executive, and
Executive shall serve the Bank (from date of appointment) as Senior Vice President/Administration Group for the Term of this Agreement. 
  
 (b) During the Term hereof, Executive shall devote substantially all of his or her business time, attention, skill and efforts to the faithful performance
of the business of the Bank to the fullest extent necessary to properly discharge his or her duties and responsibilities hereunder. Executive’s position and duties with the Bank shall be as identified from time to time by the Boards. Further,
with the approval of the Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, companies or charitable, political or civic organizations, which, in such
Board’s judgment, will not present any material conflict of interest with the Bank and will not unfavorably affect the performance of Executive’s duties pursuant to this Agreement. 
  
 6. Salary, Bonus Payments and Related Matters. 
  
 (a) Salary. During the period of the Executive’s employment
hereunder, the Bank shall pay to the Executive a base salary of One Hundred Thirty Five Thousand Dollars ($135,000.00) per year. All base salary owed to Executive shall be payable at regular intervals in accordance with the Bank’s normal
payroll practices now or hereafter in effect. Executive’s salary shall be reviewed at least annually by the Board or a committee designated by the Board and shall be adjusted based upon Executive’s job performance and the Bank’s
financial condition and performance; provided, however, that in no event shall Executive’s monthly salary be lower than the initial amount set forth above unless, in the good faith judgment of the Board, the financial condition of the Bank
requires a general decrease in the salaries of all executive officers of the Bank. The first such salary review shall be undertaken no later than January 1, 2005 and completed no later than June 30, 2005. Notwithstanding the foregoing, if there is a
Change in Control, Executive’s salary shall not be less than Executive’s annual salary for the year immediately preceding the Change in Control. It is agreed to by Bank and Executive that all compensation (other than stock options) earned
and payable to Executive under this Agreement be paid by Bank. 
  
 (b) Bonuses. Executive may receive certain annual bonus compensation during the Term of this Agreement as follows: 
  
 (i) Incentive Bonus. During each year of the Term Executive shall receive a bonus in an amount which is equal to the
Executive’s portion of the Bank’s Senior Management Plan as determined by the Bank’s Board of Director’s annually, provided that the requirements of said Senior Management Plan have been satisfied for each such year. During 2004,
Executive shall receive a prorated portion of said bonus determined by multiplying (1) the full bonus by (2) the fraction of 207/365. This bonus shall be paid within ninety (90) days of the end of the calendar year for which the bonus is earned even
if a payment is due after the expiration of the Term. 
  
 (ii) Discretionary Bonus. Executive may also, in the discretion of the Board of Directors, receive an additional bonus based on individual merit and performance. The amount of this bonus, if any, in any such year shall be determined
by the Board of Directors, in its sole discretion. 
  
 (c)
Expenses. During the period of the Executive’s employment hereunder, the Executive shall be entitled to receive prompt reimbursement for all reasonable and customary expenses incurred by the Executive in performing services hereunder in
accordance with the general policies and procedures established by the Bank. 
  
 (d) Employee Benefits and Perks. During the period of the Executive’s employment hereunder, the Executive shall be entitled to participate in all employee benefits plans or arrangements of the Bank on the
same basis as other employees of the Bank including, without limitation, plans or arrangements providing medical insurance, dental insurance, life insurance, disability insurance, sick leave, vacation or retirement. Executive shall also be entitled
to (i) an automobile allowance in the amount of $500.00 per month, (ii) use of the Bank provided credit card(s), car telephone(s), pager(s) and such other perks (if such are being so provided) upon the terms and conditions previously in effect.

  

 4 

 (e) Stock Options. Bancorp shall grant to Executive options to purchase Fifteen
Thousand (15,000) shares of its authorized but unissued common stock under Bancorp’s 2003 Stock Option Plan at the fair market value of the stock on the date of grant as follows: 
  
 (i) Seventy-Five Hundred (7,500) shares granted as of June 7, 2004; 
  
 (ii) Seventy-Five Hundred (7,500) shares granted as of the
date of the Board meeting following stockholder approval of an amendment of the 2003 Stock Option Plan to increase the number of available shares, but in no event later than the day of the 2005 Annual Stockholders Meeting as long as stockholder
approval of additional shares has been granted; 
  
 Bancorp and
Executive agree that such options shall each be for a term of ten (10) years, and will vest in installments of twenty percent (20%) percent, at the end of the first anniversary of the date of grant, twenty (20%) percent on the second anniversary of
the date of grant, twenty (20%) on the third anniversary of the date of grant, twenty (20%) percent on the fourth anniversary of the date of grant and twenty (20%) percent on the fifth anniversary of the date of grant per year over a period of five
(5) years. The Company and Executive also agree that, to the maximum extent permitted by law, the option will qualify as an “incentive stock option” within the meaning of Section 422 of the Code, as amended. It is further agreed by
Executive that Bancorp shall exert its best efforts to obtain all approvals necessary for either the new stock option plan or amendment to the 2003 Stock Option Plan to effectuate the allocation of such additional shares. Such stock options will be
granted to Executive, pursuant to the Plan and an agreement between Bancorp and Executive containing the terms set forth herein and all other terms as specified in the form of Stock Option Agreement approved by the Board of Directors in connection
with their adoption of the Plan. 
  
 7. Termination.

  
 (a) Resignation, Retirement, Death or Disability.
Executive’s employment hereunder shall cease at any time by Executive’s resignation (other than a resignation for Good Reason as provided in Section 7(d)), or by Executive’s retirement, death or Disability. If Employee’s
employment terminates as a result of Employee’s death or permanent disability, no compensation or payments will be made other than accrued compensation and benefits. Disability shall be determined in accordance with the terms of the
Company’s policies and procedures and applicable law. 
  
 (b) Termination for Cause. Executive’s employment shall cease upon a good faith finding of Cause by the Board; provided, however, that Executive shall be given written notice of the Board’s finding of conduct by Executive
amounting to Cause for such termination. Said notice shall be accompanied by a copy of a resolution duly adopted by the affirmative vote of not less than a majority of a quorum of the Board at a duly-noticed meeting of the Board, finding that in the
good faith opinion of the Board, Executive was guilty of conduct amounting to Cause and specifying the particulars thereof; provided, however, that after a Change in Control, such resolution may be adopted only by the affirmative vote of not less
than a majority of a committee composed of at least three (3) disinterested outside directors of the Bank. In the absence of at least three (3) disinterested outside directors, a determination of Cause shall be submitted to and made by an
arbitrator(s) pursuant to Section 19 hereof. 
  
 (c)
Termination Without Cause. Executive’s employment may be terminated Without Cause pursuant to either Section 2 or this Section 7(c) upon 30 days’ notice for any reason, subject to the payment of all amounts required by Section 8
hereof. 
  
 (d) Resignation for Good Reason. Following a
Change in Control during the Term hereof, Executive may Resign for Good Reason within 90 days of Executive’s discovery of the occurrence of one or more of the following events, any of which shall constitute “Good Reason” for such
Resignation for Good Reason: 
  
 (i) Without
Executive’s express written consent, the assignment to Executive of any duties materially inconsistent with Executive’s position, duties, responsibilities and status with the Bank immediately prior to the Change in Control, or any
subsequent removal of Executive from or any failure to re-elect him to any such position; 
  

 5 

 (ii) Without Executive’s express written consent, the termination and/or material
reduction in Executive’s facilities (including office space and general location) and staff reporting and available to Executive immediately prior to the Change in Control; 
  
 (iii) A material reduction (ten percent or greater) by the Bank of Executive’s base salary or of any
bonus compensation applicable to him as in effect immediately prior to the Change in Control; 
  
 (iv) A failure by the Bank to maintain any of the employee benefits and perks to which Executive was entitled immediately prior to the
Change in Control at a level substantially equal to or greater than the value of those employee benefits and perks in effect immediately prior to the Change in Control; or the taking of any action by the Bank which would materially affect
Executive’s participation in or reduce Executive’s benefits under any such benefits or ‘perks’ plans, programs or policies, or deprive Executive of any material fringe benefits enjoyed by him immediately prior to the Change in
Control; 
  
 (v) The Bank requiring Executive to
be based anywhere other than in the county in which the Bank’s principal business location is currently situated, except for required travel on the Bank’s behalf to an extent substantially consistent with Executive’s present business
travel obligations; 
  
 (vi) Any purported
Termination of Executive’s employment by the Bank other than those effected in good faith pursuant to Sections 7(a) and 7(b); 
  
 (vii) The failure of the Bank to obtain the assumption of this Agreement by any successor; or 
  
 (viii) Receipt by Executive of a Notice of Non-Renewal.

  
 (e) Supervisory Suspension. If the Executive is
suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Sections 8(e) or (g) of the Federal Deposit Insurance Act or similar statute, rule or regulation, the Bank’s or
Bancorp’s obligations under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank shall, (i) pay the Executive all or part of the compensation
withheld while its obligations under this Agreement were suspended and (ii) reinstate (in whole or in part) any of its obligations which were suspended. 
  
 (f) Regulatory Removal. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s or
Bancorp’s affairs by an order issued under Sections 8(e) or (g) of the Federal Deposit Insurance Act or similar statute, rule or regulation, all obligations of the Bank and Bancorp under this Agreement shall terminate as of the effective date
of the order. 
  
 8. Payments to Executive Upon
Termination. 
  
 (a) Death, Disability or Retirement.
In the event of Termination of this Agreement due to Executive’s death, Disability or retirement, Executive or Executive’s spouse and/or estate shall be entitled to all benefits generally available to Bank employees, or their spouses
and/or estates, as of the date of such death, Disability or retirement, without reduction. 
  
 (b) Resignation Without Good Reason or Expiration. In the event of Executive’s resignation (other than a Resignation for Good Reason), or upon Expiration, the Bank and Bancorp shall have no further
obligations to Executive under this Agreement or otherwise, except as may be expressly required by law. 
  

 6 

 (c) Termination for Cause. In the event Executive is Terminated for Cause, the Bank or Bancorp
shall have no further obligations to Executive under this Agreement or otherwise, except as may be expressly required by law. 
  
 (d) Termination Without Cause Prior to a Change in Control. Upon the occurrence of a Termination Without Cause prior to a Change in Control, as
severance pay and in lieu of damages for breach of this Agreement, Bank of Bancorp shall pay Executive accrued compensation and benefits at the time of such termination and, upon the execution and delivery of a full and complete release of claims by
Executive (in a form acceptable to Bank and Bancorp), Bank and Bancorp shall pay Executive, in the aggregate, a lump sum severance payment equal to nine (9) months base salary then in effect, less applicable state and federal withholdings. Such lump
sum shall be paid not later than the tenth (10th) day following the date of Termination Without Cause. 
  
 (e) Termination Without Cause or Resignation for Good Reason, After a Change in Control. If in the 24 month period following a Change in Control,
Executive (i) Resigns for Good Reason or (ii) is otherwise Terminated Without Cause, shall pay Executive accrued compensation and benefits at the time of such termination and, upon the execution and delivery of a full and complete release of claims
by Executive (in a form acceptable to Bank and Bancorp), Bank shall pay Executive, in the aggregate, a lump sum severance payment equal to the sum of 1) eighteen (18) months base salary then in effect, and 2) an amount equal to all bonuses paid to
Executive in the year prior to the Change in Control. Such lump sum shall be paid not later than the tenth (10th) day following the date of Termination Without Cause or a Resignation for Good Reason. In addition, the Bank will continue to pay the
Employer portion of the health insurance continuation premiums for the Executive (COBRA) for a period of 9 months following termination. Executive will be responsible for paying his or her portion of the premium, plus the currently applicable COBRA
administration fee during said period. 
  
 (f) Source of
Payments. All payments provided in Section 8 shall be paid in cash from the general funds of the Bank, and no special or separate fund need be established and no other segregation of assets need be made to assure payment. 
  
 (g) Consistent Returns. The Bank and Executive agree that the
payments being made under this Agreement represent reasonable compensation for services and that neither the Bank nor Executive will file any returns or reports which take a contrary position. 
  
 (h) Reduction or Limitation on Payments. 
  
 (i) Notwithstanding anything in the foregoing to the
contrary, if the payments made to Executive following a Termination Without Cause or Resignation For Good Reason or any of the other payments provided for in this Agreement, together with any other payments which Executive has the right to receive
from the Bank or Bancorp would constitute a “parachute payment” (as defined in Section 280G of the Code), the payments pursuant to this Agreement shall be reduced to the largest amount as will result in no portion of such payments being
subject to the excise tax imposed by Section 4999 of the Code; provided, however, that the determination as to whether any reduction in the payments under this Agreement pursuant to this proviso is necessary shall be made in good faith by the
Bank’s independent auditors or if such firm is no longer providing tax services to Bank to such other tax advisor as shall be mutually acceptable to Bank and Executive, and such determination shall be conclusive and binding on the Bank and
Executive with respect to the treatment of the payment for tax reporting purposes. 
  
 (ii) This Agreement, and any payments or benefits hereunder, are made expressly subject to and conditioned upon compliance with all
federal and state law, regulations and policies relating to the subject matter of this Agreement, including but not limited to the provisions of law codified at 12 U.S.C. §1828(k), the regulations of the FDIC codified as 12 C.F.R. Part 359, and
any successor or similar federal or state law or regulation applicable to the Bank or Bancorp. Employee acknowledges that he understands the sections of law and regulations cited above and that the Bank’s and Bancorp’s obligations to make
payments hereunder are expressly relieved if such payments violate any federal or state law or regulation applicable to the Bank or Bancorp. 
  

 7 

 9. Nondisclosure of Confidential Information. Executive acknowledges that, in the course of
employment with the Bank, Executive will have access to confidential information. “Confidential Information” includes, but is not limited to, information about the Bank and Bancorp, its affiliates and its clients, pricing information,
financing arrangements, research materials, manuals, computer programs, formulas, techniques, data, marketing plans and tactics, technical information, lists of asset sources and customers, the processes and practices of the Bank and Bancorp, and
their affiliates, all information contained in electronic or computer files, all financial information, salary and wage information, and any other information that is designated by the Bank and Bancorp, or their affiliates as confidential or that
Executive knows or should know is confidential. Confidential Information also includes information provided by third parties that the Bank and Bancorp, or their affiliates are obligated to keep confidential; and all other proprietary information of
the Bank and Bancorp, or their affiliates. Executive acknowledges that all Confidential Information is and shall continue to be the exclusive property of the Bank and Bancorp or their affiliates, as applicable, whether or not prepared in whole or in
part by Executive and whether or not disclosed to or entrusted to Executive in connection with employment by the Bank. Executive agrees not to disclose Confidential Information, directly or indirectly, under any circumstances or by any means, to any
third persons without the prior written consent of the Bank or their affiliates, as applicable, both during his employment with the Bank and Bancorp and after his employment has ended. Executive agrees that he will not copy, transmit, reproduce,
summarize, quote, or make any commercial or other use whatsoever of Confidential Information, except as may be necessary to perform work done by Executive for the Bank and Bancorp. Executive agrees to exercise the highest degree of care in
safeguarding confidential information against loss, theft or other inadvertent disclosure and agrees generally to take all steps necessary or requested by the Bank and Bancorp or their affiliates to ensure maintenance of the confidentiality of the
Confidential Information. Executive agrees that, unless compelled by law, Executive shall not, during or after employment with the Bank, make any comments or other communications contrary to the interests of, or disparaging the goodwill or
reputation of, the Bank and Bancorp, their business or any of their products, services, controlling persons, affiliates, officers, directors, or executives. Executive agrees, in addition to the specific covenants contained herein, to comply with all
of Bank’s and Bancorp’s policies and procedures for the protection of Confidential Information. 
  
 10. Exclusions. Paragraph 9 shall not apply to the following information: (a) information now and hereafter voluntarily disseminated by the
Bank or Bancorp to the public or which otherwise becomes part of the public domain through lawful means; (b) information already known to Executive as documented by written records which predate Executive’s employment with the Bank but that was
not subject to any obligation of confidentiality; (c) information subsequently and rightfully received from third parties and not subject to any obligation of confidentiality; and (d) information independently developed by Executive after
termination of his employment. 
  
 11. Confidential,
Proprietary and Trade Secret Information of Others. Executive represents and warrants that he is not under any pre-existing obligation that conflicts or is in any way inconsistent with the provisions of this Agreement. Executive represents and
warrants that he has not granted any rights or licenses to any intellectual property or technology that would conflict with Executive’s obligations under this Agreement. Executive further represents and warrants that he has disclosed to the
Bank and Bancorp any agreement to which Executive is or has been a party regarding the confidential information of others and Executive understands that Executive’s employment by the Bank and Bancorp will not require Executive to breach any
such agreement. Executive will not disclose protected confidential information of third parties to the Bank or Bancorp nor induce the Bank and Bancorp to use any such protected confidential information received from another under an agreement or
understanding prohibiting such use or disclosure. 
  
 12. No
Unfair Competition. Executive hereby acknowledges that the sale or unauthorized use or disclosure of any of the Bank’s or Bancorp’s Confidential Information obtained by Executive by any means whatsoever, at any time before, during, or
after the Term shall constitute unfair competition. Executive shall not engage in any unfair competition with the Bank or Bancorp either during the Term or at any time thereafter. 
  
 13. Ownership of Copyrights. Executive agrees that all original works of authorship not otherwise within the scope of
Paragraph 14 that are conceived or developed during Executive’s employment with the Bank, either alone or jointly with others, if on the Bank’s time, using Bank or Bancorp facilities, or relating to the Bank and Bancorp are “works for
hire” to the greatest extent permitted by law and shall be owned exclusively by the Bank and Bancorp, and Executive hereby assigns to the Bank or Bancorp all of Executive’s right, title, and interest in all such 
  

 8 

 original works of authorship and mask works. Executive agrees that the Bank and Bancorp shall be the sole
owner of all rights pertaining thereto, and further agrees to execute all documents that the Bank and Bancorp reasonably determines to be necessary or convenient for establishing in the Bank’s or Bancorp’s name the copyright to any such
original works of authorship. Executive shall claim no interest in any inventions, copyrighted material, patents, or patent applications unless Executive demonstrates that any such invention, copyrighted material, patent, or patent application was
developed before he began any employment with the Bank or Bancorp. This provision is intended to apply only to the extent permitted by applicable law. 
  
 14. Ownership of Records. Any written record that Executive may maintain of inventions, discoveries, improvements, trade secrets, formulae,
processes, or know-how, whether or not patentable and whether or not reduced to practice, and any such records relating to original works of authorship or mask works made by Executive, alone or jointly with others, in the course of Executive’s
employment with the Bank shall remain the property of the Bank and Bancorp. Executive shall furnish the Bank and Bancorp any and all such records immediately upon request. 
  
 15. Return of Bank’s Property and Materials. Upon termination of employment with the Bank, Executive shall
deliver to the Bank and Bancorp all Bank and Bancorp property and materials that are in Executive’s possession or control, including all of the information described as Confidential Information in Paragraph 9 of this Agreement and including all
other information relating to any inventions, discoveries, improvements, trade secrets, formulae, processes, know-how, original works of authorship, or mask works of the Bank or Bancorp. 
  
 16. Waivers not to be Continued. Any waiver by a party of any breach of this Agreement by the other party shall not
be construed as a continuing waiver or as a consent to any subsequent breach by the other party. 
  
 17. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if
delivered by hand or mailed, certified or registered mail, return receipt requested, with postage prepaid, to the following addresses or to such other address as either party may designate by like notice. 
  

	 	A.	If to the Bank, to: 

  
 Community National Bank 
 900 Canterbury Place, Suite 300 
 Escondido, California 92025 
 Attn: President and Chief Executive Officer 
  

	 	B.	If to Bancorp, to: 

  
 Community Bancorp, Inc. 
 900 Canterbury Place, Suite 300 
 Escondido, California 92025 
 Attn: President and Chief Executive Officer 
  

	 	C.	If to Executive, to: 

  
 Richard M. Sanborn 
 c/o Community National Bank 
 900 Canterbury Place, Suite 300 
 Escondido, California 92025 
  
 and to such other or additional person or persons as either party shall have designated to the other party in writing by like notice. 
  
 18. Indemnification. To the maximum extent and when permitted by
applicable law, the Articles of Association and Bylaws of Bank and the Certificate of Incorporation and Bylaws of Bancorp and resolutions of the Boards of Directors of the Bank and Bancorp in effect from time to time (except as limited below), the
Bank and 
  

 9 

 Bancorp shall indemnify Executive against liability or loss arising out of Executive’s actual or asserted
misfeasance or non-feasance in the performance of Executive’s duties or out of any actual or asserted wrongful act against, or by, the Bank or Bancorp including but not limited to judgments, fines, settlements and expenses incurred in the
defense of actions, proceedings and appeals therefrom. In the event there is any conflict between the provisions governing indemnification for the Bank or Bancorp, it is intended by the parties that the broadest protections of each be afforded to
Executive. However, the Bank and Bancorp shall have no duty to indemnify Executive with respect to any claim, issue or matter as to which Executive has been finally adjudged to be liable to the Bank or Bancorp in the performance of his duties,
unless and only to the extent that the court in which such action was brought shall determine upon application that, in view of all of the circumstances of the case, Executive is fairly and reasonably entitled to indemnification for the expenses
which such court shall determine. The Bank and Bancorp shall endeavor to maintain Directors and Officers Liability Insurance to indemnify and insure the Bank, Bancorp and Executive from and against the aforesaid liabilities. The provisions of this
Section 18 shall apply and inure to the benefit of the estate, executor, administrator, heirs, legatees or devisees of Executive. 
  
 19. Arbitration. 
  
 (a) Policy. In order to encourage the speedy, cost effective resolution of any disputes between the Bank and Bancorp and its employees concerning
all disputes that may arise in connection with, arise out of or relate to this Agreement, or any dispute that relates in any way, in whole or in part, to hiring by, employment with or separation from Bank or Bancorp, or any other dispute by and
between Bank or Bancorp, its parent and subsidiary corporations, their affiliates and each of their respective officers, directors, agents and employees, on the one hand, and Executive, on the other hand, shall be submitted to binding arbitration.
Such arbitration supplants, replaces and waives any right that the employee or the Bank or Bancorp may have to pursue any dispute, claim or controversy relating to employment with, or as a result of the termination of employment from, the Bank or
Bancorp (including claims for employment discrimination and harassment), in any court, agency, tribunal or other forum, including a civil action before any jury. Notwithstanding the foregoing, nothing herein is intended to nor shall preclude any
employee from filing any administrative charge of discrimination with the California Department of Fair Employment and Housing, or the Equal Employment Opportunity Commission. 
  
 (b) Procedure: 
  
 (i) Except to the extent specifically modified herein, all arbitrations under this policy shall be conducted in accordance with the JAMS
Arbitration Rules and Procedures for Employment Disputes as are in effect at the time the dispute arises, and such rules are specifically incorporated herein by this reference. Copies of the Arbitration Rules shall be made available to employees
upon request. 
  
 (ii) Either Executive or the
Bank and Bancorp may initiate arbitration. Executive may initiate arbitration by delivering to the Bank and Bancorp through personal delivery, certified or registered mail, a written demand for arbitration. The demand shall include a concise
statement of the issue(s) to be arbitrated, along with a statement setting forth the relief requested. Along with the demand for arbitration, Executive shall submit a check or money order payable to “JAMS” in the amount of one hundred
fifty dollars ($150) as his or her portion of the administrative fees of the arbitration. Thereafter, the remaining costs of the arbitration, such as the arbitrator’s fees, costs of a court reporter, and room rental fees, if any, shall be paid
by the Bank and Bancorp. Any remaining fees and costs, including but not limited to attorneys fees shall, subject to any remedy to which the prevailing party may be entitled to under the law, be borne by each party to the same extent as that party
would be responsible for such fees and costs should the matter be litigated in court. 
  
 (iii) If the Bank or Bancorp initiates arbitration, it shall do so by delivering to Executive, through personal delivery, certified or
registered mail, a written demand for arbitration. The demand shall contain a concise statement of the issue(s) to be arbitrated, along with a statement setting forth the relief requested. In all respects, any arbitration initiated by the Bank and
Bancorp shall proceed in the same manner as set forth in paragraph (ii) above, with the exception that Executive shall not be required to pay the initial $150 administrative fee. 
  

 10 

 (iv) The Arbitrator shall be empowered to award either party any remedy at law or in
equity that the prevailing party would otherwise have been entitled to had the matter been litigated in court, including but not limited to, general, special and punitive damages, recoverable costs, attorneys fees (where provided by statute or
contract) and injunctive relief; provided, however, that the authority to award any remedy is subject to whatever limitations, if any, exist in the applicable law on such remedies. The arbitrator shall have no jurisdiction to issue any award
contrary to or inconsistent with law. 
  
 (v) In
any arbitration conducted pursuant to this policy, either party may request the presence of a court reporter for the hearing, the costs of which shall be allocated as provided in paragraph (ii) above. Following the evidentiary portion of the
hearing, either party shall have the right to prepare and file with the arbitrator a post-hearing brief, not to exceed fifty (50) pages in length. Any such brief shall be served on the arbitrator and the other party within thirty (30) days of the
close of the evidentiary portion of the hearing, unless the parties agree to some other time period. Either party may also request and shall be granted one extension of this time period not to exceed fifteen (15) days. The arbitrator shall have the
authority to grant other extensions, or to increase the page limitation set forth above, upon the request of any party for good cause shown. 
  
 (vi) Any disputes concerning the enforcement, scope, and/or applicability of this section 19 shall in the first instance be determined by
the arbitrator. Should either the Bank and Bancorp or Executive disregard this Section 19 and pursue an action subject hereto in any court or administrative agency, upon application of the aggrieved party to a court of competent jurisdiction, the
court shall order the matter to arbitration and shall award the prevailing party in any such hearing its reasonable costs and attorney’s fees incurred in connection therewith. Notwithstanding the foregoing, either party shall retain the right
to seek a provisional remedy pending arbitration from a court of competent jurisdiction pursuant to and consistent with Cal. Code of Civil Procedure section 1281.8. 
  
 (vii) Any demand for arbitration by the Bank and Bancorp or Executive shall be filed within the statute of
limitation that is applicable to the claim(s) upon which arbitration is sought or required. Any failure to demand arbitration within this time frame and according to these rules shall constitute a waiver of all rights to raise any claims in any
forum arising out of any dispute that was subject to arbitration. 
  
 (viii) By executing this Agreement, Executive represents that he has reviewed this Section 19 and understands the terms and conditions contained herein. 
  
 (ix) Notwithstanding any provision to the contrary in this Agreement, should any part of this Section 19 be
declared by a court of competent jurisdiction to be invalid, unlawful or otherwise unenforceable, the remaining parts shall not be affected thereby, and the parties shall arbitrate their dispute without reference to or reliance upon the invalid,
unlawful or unenforceable part of this Section 19. 
  
 20.
General Provisions. 
  
 (a) Entire Agreement. This
Agreement constitutes the entire agreement by the parties with respect to the subject matter hereof, and supersedes and replaces all prior employment agreements (but not stock option or other separate benefit agreements) among or between the
parties. No amendment, waiver or termination of any of the provisions hereof shall be effective unless in writing and signed by the party against whom it is sought to be enforced. Any written amendment, waiver, or termination hereof executed by the
Bank, Bancorp and Executive shall be binding upon them and upon all other Persons, without the necessity of securing the consent of any other Person, and no Person shall be deemed to be a third-party beneficiary under this Agreement. 
  
 (b) Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same Agreement. 
  
 (c) No Waiver. Except as otherwise expressly set forth herein, no failure on the part of any party hereto to exercise and no delay in exercising
any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right, power or
remedy. 
  

 11 

 (d) Headings. The headings of the Sections of this Agreement have been inserted for convenience of
reference only and shall in no way restrict or modify any of the terms or provisions hereof. 
  
 (e) Severability. If for any reason any provision of this Agreement is held invalid or unenforceable, such invalidity or unenforceability shall not affect the validity or enforceability of any other provision
of this Agreement. If any provision of this Agreement shall be held invalid or unenforceable in part, such invalidity or unenforceability shall in no way affect the rest of such provision not held so invalid, and the rest of such provision, together
with all other provisions of this Agreement, shall to the full extent consistent with law continue in full force and effect. 
  
 (f) Governing Law. This Agreement shall be governed and construed and the legal relationships of the parties determined in accordance with the laws
the United States and to the extent not inconsistent therewith the laws of the State of California applicable to contracts executed and to be performed solely in the State of California. 
  
 (g) Assumption. The Bank and Bancorp shall require any successor in interest 
 (whether direct or indirect or as a result of purchase, merger, consolidation, Change in Control or otherwise) to all or substantially all of the business and/or assets
of the Bank or Bancorp to expressly assume and agree to perform the obligations under this Agreement in the same manner and to the same extent that the Bank or Bancorp would be required to perform it if no such succession had taken place.

  
 (h) Advice of Counsel. Executive acknowledges that he
has been encouraged to consult with legal counsel of his choosing concerning the terms of this Agreement prior to executing this Agreement. Any failure by Executive to consult with competent counsel prior to executing this Agreement shall not be a
basis for rescinding or otherwise avoiding the binding effect of this Agreement. The parties acknowledge that they are entering into this Agreement freely and voluntarily, with full understanding of the terms of this Agreement. Interpretation of the
terms and provisions of this Agreement shall not be construed for or against either party on the basis of the identity of the party who drafted the terms or provisions in question. 
  
 (i) Binding Agreement. This Agreement and all rights of Executive hereunder shall inure to the benefit of and be enforceable
by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. Executive’s duties and obligations under this Agreement are personal to and may not be assigned by
Executive. This Agreement shall inure to the benefit of and be fully enforceable by the Bank or Bancorp’s successors or assigns. 
  
 (j) Voluntary Agreement. Executive acknowledges, warrants and represents that (a) he has read and understands each of the terms and conditions of this
Agreement, including, without limitation, the Restrictive Covenants and Agreements set forth in paragraphs 9 through 14, above; (b) he is entering into this Agreement, including, without limitation, the Restrictive Covenants and Agreements set forth
in paragraphs 9 through 14, above, and freely, voluntarily and knowingly and without any coercion or duress; and (c) Executive expressly intends that each of the terms and conditions of this Agreement be fully enforceable and enforced by any court
that may later review this Agreement, if ever, and Executive never will attempt to establish, argue or otherwise claim that any of the terms and conditions of this Agreement are void, voidable or otherwise unenforceable. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written. 
  

					
	 ATTEST:
	 	 	 	 COMMUNITY NATIONAL BANK

			
	  

	 	By:	 	  

	Witness	 	Its:	 	President & Chief Executive Officer
	 	 	 	 	Michael J. Perdue
			
	 	 	 	 	 THE EXECUTIVE

	  

	 	 	 	  

	Witness	 	 	 	Richard M. Sanborn

  

 12

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