Document:

Form of 1999 Plan For Non-Employee Directors

 Exhibit 10.17 
  
 ADVANCED DIGITAL INFORMATION CORPORATION 
  
 1999 STOCK INCENTIVE COMPENSATION PLAN 
  
 NON-QUALIFIED STOCK OPTION AGREEMENT 
  
 ADVANCED DIGITAL INFORMATION CORPORATION (“ADIC”) grants on
            , to              (“Optionee”), an option to purchase
            shares of ADIC’s authorized but unissued common stock, without par value, at $             per
share pursuant to ADIC’s 1999 Stock Incentive Compensation Plan (the “Plan”), on the following terms and conditions: 
  
 FORM OF OPTION 
  
 ADIC intends this stock option to be a non-qualified stock option and not an incentive stock option without charge under IRC Section 422. This option is subject to and will be interpreted in accordance with all terms
and conditions of the Plan, as they apply to non-qualified stock options. The Optionee acknowledges receipt of a copy of a summary of the Plan, and may obtain a copy of the Plan upon request to ADIC’s General Counsel. The terms of the Plan are
incorporated by this reference. If any provision of this Agreement conflicts with the Plan, the Plan will control. 
  
 EXERCISE OF OPTION 
  
 The Option will vest and become exercisable according to the following schedule: 
  

			
	 Date of
 Right to Option

	  	 Option
 Shares

  
  
 To the extent that the right to purchase shares has accrued hereunder, this Option may be exercised from time to time by written notice to the Company with payment of the
option exercise price and applicable withholding taxes. 
  
 ** This is an
estimated date of right to exercise. The actual date of the right to exercise will coincide with the date of the              Annual Meeting. 
  
 The term of this Option is ten years from the date of grant. 
  
 POST-TERMINATION EXERCISES 
  
 If your employment or service relationship with ADIC terminates for any reason before this
Option expires, the unvested portion of this Option will terminate automatically as of such date without notice to you. In case of termination of the Optionee’s employment or service relationship with ADIC for reasons other than cause (as
defined in the Plan), death, disability or retirement, the portion of this Option vested as of the termination date will be exercisable by Optionee for the remaining term of the Option or for three months after the termination date, whichever is
earlier. In case of termination of the Optionee’s employment or service relationship with ADIC for reasons of death, disability or retirement, the portion of this Option vested as of the termination date will be exercisable by the Optionee or,
in the case of death, by the designated beneficiary or the personal representative of the estate of Optionee for the remaining term of the Option or for one year after the termination date, whichever is earlier. If Optionee’s employment or
service relationship with ADIC is terminated for cause (as defined in the Plan), both the vested and unvested portion of this Option will terminate immediately and you will not be permitted to exercise this Option. 
  

					
	ADVANCED DIGITAL INFORMATION CORPORATION	 	OPTIONEE
			
	 By
	 	  

	 	  

	 Its Chairman and Chief Executive Officer
	 	 Name & AddressMonthly Payment Date Statement

 Exhibit 10.1 
  

							
	 JPMorgan Chase Bank – Structured Finance Services
	  	 
	 4 New York Plaza, 6th Floor
	  	Distribution Date: 12/27/04
	 New York, NY 10004-2477
	  	 
	 Officer:
	  	Taoheed A. Agbabiaka	  	ph: 212-623-4481	  	 
	 	  	 	  	fax: 212-623-5858	  	 

  
 GreenPoint Mortgage
Securities LLC 
  
 GreenPoint Home Equity Loan Trust 2004-1

  
 Home Equity Loan Asset-Backed Notes 
 Series 2004-1 
  

																	
	Distribution In Dollars
									
	 Class

	  	 Original
 Face
 Value

	  	Beginning
Principal
Balance

	  	Principal

	  	Interest

	  	Total

	  	Realized
Loses

	  	Deferred
Interest

	  	Ending
Principal
Balance

	 A1
	  	202,045,000.00	  	94,301,719.54	  	0.00	  	6,656,824.94	  	6,656,824.94	  	0.00	  	0.00	  	94,301,719.54
	 TOTALS
	  	202,045,000.00	  	94,301,719.54	  	0.00	  	6,656,824.94	  	6,656,824.94	  	0.00	  	0.00	  	94,301,719.54

  

													
	Factor Information Per $1000 Of Original Face
							
	 Class

	  	Cusip

	  	Beginning
Principal

	  	Principal

	  	Interest

	  	Total

	  	Ending
Principal

	 A1
	  	395385AQ0	  	466.73621985	  	0.00000000	  	32.94723918	  	32.94723918	  	466.73621985
	 TOTALS
	  	 	  	466.73621985	  	0.00000000	  	32.94723918	  	32.94723918	  	466.73621985

  

							
	Additional Interest
				
	 Class

	  	CUSIP

	  	Amount

	  	Factor

	 A1
	  	395385AQ0	  	209,517.02	  	1.03698196
	 Totals
	  	 	  	209,517.02	  	1.03698196

  

										
	Pass-Through Rates	 
				
	 Class

	  	Previous

	 	 	Current

	 	 	Next

	 
	 A1
	  	0.000000	%	 	0.000000	%	 	0.000000	%Consent & Waiver to the Loan Agreement

 Exhibit 10.1(a) 
  
 As of October     ,
2004                                     
  
 Congress Financial Corporation (Florida), as Agent 
 110 E. Broward Boulevard 
 Suite 2050 
 Fort Lauderdale, Florida 33301 
  
 Re: Consent and Waiver 
  
 Congress Financial Corporation (Florida), in its capacity as agent pursuant to the Loan Agreement (as hereinafter defined) acting for and on behalf of the
parties thereto as lenders (in such capacity, “Agent”), and the parties to the Loan Agreement as lenders (individually, each a “Lender” and collectively, “Lenders”) have entered or are about to enter into financing
arrangements pursuant to which Agent and Lenders may make loans and advances and provide other financial accommodations to Catalina Industries, Inc., Catalina Merchandising, Inc., Ring Lamp Company Limited, BMAC Limited, Lancer Products Limited,
Grove Products (Caravan Accessories) Limited, Lighten Point Corporation Europe Limited, Arctic Products Limited, Van-Line Limited and Catalina International Limited (individually, each a “Borrower” and collectively, “Borrowers”)
as set forth in the Loan Agreement, dated of even date herewith, by and among Agent, Lenders, Borrowers and certain affiliates of Borrowers (as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or
replaced, the “Loan Agreement”), and the other agreements, documents and instruments referred to therein or at any time executed and/or delivered in connection therewith or related thereto, including, but not limited to, this letter
agreement (all of the foregoing, together with the Loan Agreement, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, being collectively referred to herein as the “Financing
Agreements”). Capitalized terms not otherwise defined herein shall have the respective meanings ascribed thereto in the Loan Agreement. 
  
 Borrowers have requested that Agent, Required Lenders and UK Term B Loan Lenders consent to (i) the amendment and restatement of the Holding Note for the
purpose of consolidating the principal amount thereof with an additional sum of up to the US Dollar Equivalent of £2,500,000 to be advanced by International to Holding (the Holding Note as so amended and restated being hereafter referred to as
the “Restated Holding Note”) and (ii) the termination by British Syphon Industries Limited (“Syphon”) of its lease of Real Property from Metalwood Products (Cardiff) Limited (“Metalwood”) with respect to the premises
located at Atlas Works Thurston Street Cardiff (the “Lease”) and the payment by Syphon to Metalwood of certain amounts in cash and Real Property in connection with such termination arrangements, and Agent, Required Lenders and UK Term B
Loan Lenders are willing to provide such consents and waiver, subject to the terms and conditions contained herein. 

 In consideration of the foregoing and the mutual agreements contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Agent, Required Lenders, UK Term B Loan Lenders, Borrowers and Guarantors agree as follows: 
  
 1. Consents. Agent, Required Lenders and UK Term B Loan Lenders hereby consent, subject to the terms and conditions
set forth in this letter agreement to: 
  
 (a) the making by
International of loans to Holdings, in a cumulative aggregate amount of up to £2,500,000 as evidenced by the Restated Holding Note; provided, that (i) each of the conditions set forth in Section 9.10(g) of the Loan Agreement
shall have been satisfied with respect to such loan and the Restated Holding Note, in each case as determined by Agent (ii) on and after the date hereof, each reference in the Loan Agreement the other Financing Agreements to the “Holding
Note” shall refer, and shall be deemed to refer to, the Restated Holding Note. 
  
 (b) the termination by Syphon of the Lease and in connection therewith the payment by Syphon to Metalwood of the sum of not more than £25,000 in the aggregate, together with the conveyance to Metalwood of all
right, title and interest in the Real Property located at Atlas Works Thurston Street Cardiff; provided that in consideration therefore Syphon and its Affiliates shall receive a full release, in form and substance satisfactory to Agent
from and against any and all liability arising out of, in connection with or related to the Lease. 
  
 2. Waiver of Event of Default. Subject to the satisfaction of each of the conditions precedent set forth herein, Lender hereby waives any Event of
Default under Section 10.1(a)(v) of the Loan Agreement arising as a result of the failure of Borrowers and Guarantors to comply with the provisions of Section 9.19(a) of the Loan Agreement for the period ending September 30, 2004 (the “Existing
Default”). 
  
 3. Effect of Waiver. Lender has not
waived, is not by this letter agreement waiving, and has no intention of waiving any Event of Default which may have occurred on or prior to the date hereof, whether or not continuing on the date hereof, or which may occur after the date hereof
(whether the same or similar to the Existing Default or otherwise), other than the Existing Default. The foregoing waiver shall not be construed as a bar to or a waiver of any other or further Event of Default on any future occasion, whether similar
in kind or otherwise and shall not constitute a waiver, express or implied, of any of the rights and remedies of Agent and Lenders arising under the terms of the Loan Agreement or any other Financing Agreements on any future occasion or otherwise.

  
 4. Representations, Warranties and Covenants. Borrowers
and Guarantors represent, warrant and covenant with and to Agent and Lenders as follows, which representations, warranties and covenants are continuing and shall survive the execution and delivery hereof, the truth and accuracy of, or compliance
with each, together with the representations, warranties and covenants in the Loan Agreement and the other Financing Agreements, being a continuing condition of the making or providing of any Loans by Lenders to Borrowers: 
  
 (a) this letter agreement has been duly executed and delivered by Borrowers
and Guarantors and the agreements and obligations of Borrowers and Guarantors contained herein constitute legal, valid and binding obligations of Borrowers and Guarantors enforceable against them in accordance with their respective terms; and

  
 (b) after giving effect to the waiver of the Existing Default
described in Section 2 hereof, no Default or Event of Default has occurred and is continuing, including without limitation any default in the payment of principal, interest or fees under the Financing Agreements. 
  

 2 

 5. Conditions Precedent. The effectiveness of the consents set forth in Section 1 hereof and of
the waiver set forth in Section 2 hereof is subject to the satisfaction of each of the following conditions precedent: 
  
 (a) Agent shall have received an original of this letter agreement, duly authorized, executed and delivered by each of the parties hereto; and 

 
 (b) after giving effect to the consents and waiver of the Existing Default
contained herein, no Default or Event of Default shall exist or have occurred. 
  
 6. Servicing Fee. The reference in paragraph 3 of the Fee Letter to “US$1,700” is hereby deleted and “US$1,500” substituted therefore. 
  
 7. Effect of Letter Agreement. Except as expressly set forth herein,
no other consent, amendments, changes or modifications to the Financing Agreements are intended or implied, and in all other respects the Financing Agreements are hereby specifically ratified, restated and confirmed by all parties hereto as of the
effective date hereof. 
  
 8. Successors and Assigns. This
letter agreement shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns. 
  
 9. Governing Law. The rights and obligations hereunder of each of the parties hereto shall be governed by and interpreted and determined in
accordance with the internal laws of the State of New York but excluding any principles of conflicts of law or other rule of law that would cause the application of the law of any jurisdiction other than the laws of the State of New York.

  
 10. Counterparts. This letter agreement may be executed
in any number of counterparts, each of which shall be an original and all of which, when taken together, shall constitute one and the same agreement. Delivery of an executed counterpart of this letter agreement by telefacsimile shall have the same
force and effect as the delivery of an original executed counterpart of this letter agreement. 
  
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 3 

 This letter agreement shall be binding upon each Borrower and Guarantor and their respective successors
and assigns and shall inure to the benefit of Agent and Lenders and their respective successors and assigns. The parties hereto have caused this letter agreement to be duly authorized, executed and delivered by their respective authorized officers
as of the date first written above. 
  

			
	Very truly yours,
	
	CATALINA INDUSTRIES, INC.
		
	By:	 	 /s/ Robert Varakian

	Title:	 	CEO
	
	CATALINA MERCHANDISING, INC.
		
	By:	 	 /s/ Robert Varakian

	Title:	 	CEO
	
	RING LAMP COMPANY LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director

  
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	BMAC LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director
	
	LANCER PRODUCTS LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director
	
	GROVE PRODUCTS (CARAVAN ACCESSORIES) LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director

  
 [SIGNATURES
CONTINUE ON NEXT PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 
  

			
	 LIGHTEN POINT CORPORATION
 EUROPE
LIMITED

		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director
	
	CATALINA INTERNATIONAL LIMITED
		
	By:	 	 /s/ Robert Varakian

	Title:	 	CEO
		
	By:	 	 /s/ Stephen Marble

	Title:	 	Director
	
	ARCTIC PRODUCTS LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director

  
 [SIGNATURES
CONTINUE ON NEXT PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 
  

			
	VAN-LINE LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director
	
	GUARANTORS
	
	CATALINA LIGHTING, INC.
		
	By:	 	 /s/ Robert Varakian

	Title:	 	CEO
	
	MERIDIAN LAMPS, INC.
		
	By:	 	 /s/ Gary Rodney

	Title:	 	CFO

  
 [SIGNATURES
CONTINUED ON NEXT PAGE] 

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 
  

			
	BRITISH SYPHON INDUSTRIES LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director
	
	GRAYSTONE RING LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director
	
	RING GROUP LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director

  
 [SIGNATURES
CONTINUED ON NEXT PAGE] 
  

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 
  

			
	RING PARTS LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director
	
	MARSHALL’S UNIVERSAL LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director
	
	HOVEKEY LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director

  
 [SIGNATURES
CONTINUE ON NEXT PAGE] 
  

 [SIGNATURES CONTINUED FROM PREVIOUS PAGE] 
  

			
	NEWTON MILL LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director
	
	RING LIMITED
		
	By:	 	 /s/ John Hall

	Title:	 	Director
		
	By:	 	 /s/ Anthony Welham

	Title:	 	Director

  
 AGREED AND ACCEPTED: 
  
 AGENT

  

			
	 CONGRESS FINANCIAL CORPORATION
(FLORIDA), as Agent

		
	 By:
	 	 /s/ Josephine Norris

	 Title:
	 	 SVP

  
 [SIGNATURES CONTINUE ON
NEXT PAGE] 

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 LENDERS 
  

			
	 CONGRESS FINANCIAL CORPORATION (FLORIDA)

		
	 By:
	 	 /s/ Josephine Norris

	 Title:
	 	 SVP

	
	 BURDALE FINANCIAL LIMITED

		
	 By:
	 	 /s/ Ian Conway

	 Title:
	 	 VICE PRESIDENT

	
	 SABERASU JAPAN INVESTMENTS II B.V.

		
	 By:
	 	 /s/ B.S. Hummel

	 Title:
	 	 Man. Director

		
	 By:
	 	 /s/ J.J. Zueerts

	 Title:
	 	 M.D.

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