Document:

exv10w2

Exhibit 10.2

EXHIBIT A

FORM OF WARRANT

WARRANT NO.     

THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR APPLICABLE STATE SECURITIES LAWS. THE WARRANT MAY NOT BE SOLD, OFFERED FOR SALE,
TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF UNLESS IT HAS BEEN REGISTERED UNDER THOSE LAWS OR
UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL SATISFACTORY TO IT THAT SUCH DISPOSITION IS
IN COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

	 	 	 
	 

	 	Right to Purchase                      Shares

of Common Stock of Tri-Isthmus Group, Inc.

TRI-ISTHMUS GROUP, INC.

Common Stock Purchase Warrant

     TRI-ISTHMUS GROUP, INC., a Delaware corporation (the “Company”), hereby certifies
that, for value received,                                          (the “Holder”) is entitled, subject
to the terms set forth below, to purchase from the Company at any time on or before 5:00 p.m.,
Pacific Daylight Time, on                     , 2010 (the “Expiration Date”)
                                         (                    ) fully paid and nonassessable shares of common stock of the
Company, par value $0.01 per share (the “Common Stock”), at a purchase price per share
equal to the Purchase Price, as defined herein. The number of such shares of Common Stock and the
Purchase Price are subject to adjustment as provided in this Warrant. The initial purchase price
for shares subject to this Warrant will be 50/100 Dollars ($0.50) per share (the “Initial
Purchase Price”), and will be adjusted from time to time as provided herein. The Initial
Purchase Price or, if such price has been adjusted, the price per share of Common Stock as last
adjusted pursuant to the terms hereof is referred to as the “Purchase Price” herein.

     1. Exercise of Warrant. This Warrant may be exercised by the Holder hereof in full at
any time until the Expiration Date by surrender of this Warrant and the subscription form annexed
hereto (duly executed by the Holder), to the Company, and by making payment in cash or by certified
or official bank check payable to the order of the Company, in the amount obtained by multiplying
(i) the number of shares of Common Stock subject to the Warrant by (ii) the Purchase Price then in
effect.

     2. Delivery of Stock Certificates, etc., on Exercise. As soon as practicable after
the exercise of this Warrant, the Company will cause to be issued in the name of and delivered to
the Holder hereof a certificate for the number of fully paid and nonassessable shares of Common
Stock (or Other Securities) to which the Holder shall be entitled on such exercise,

 

 

plus, in lieu of any fractional share to which the Holder would otherwise be entitled, cash
equal to such fraction multiplied by the then current fair market value (as reasonably determined
by the Company) of one full share, together with any other stock or other securities or property
(including cash, where applicable) to which the Holder is entitled upon such exercise. “Other
Securities” shall mean any stock (other than Common Stock) and other securities of the Company
or any other person (corporate or otherwise) which the Holder at any time shall be entitled to
receive, or shall have received, on the exercise of this Warrant, in lieu of or in addition to
Common Stock, or which at any time shall be issuable or shall have been issued in exchange for or
in replacement of Common Stock or Other Securities pursuant to Sections 3 or 4.

     3. Adjustment.

          (a) Initial Purchase Price; Subsequent Adjustment of Price and Number of Purchasable
Shares. The Initial Purchase Price will be adjusted from time to time as provided below. Upon
each adjustment of the Purchase Price, the Holder will thereafter be entitled to purchase, at the
Purchase Price resulting from such adjustment, the number of shares of Common Stock obtained by
multiplying the Purchase Price in effect immediately before such adjustment by the number of shares
of Common Stock purchasable pursuant to this Warrant immediately before such adjustment and
dividing the product by the Purchase Price resulting from such adjustment.

          (b) Adjustment for Stock Splits and Combinations. If the Company at any time or from
time to time after the date of this Warrant effects a subdivision of the outstanding shares of
Common Stock, by stock split or otherwise, the Purchase Price then in effect immediately before
that subdivision shall be proportionately decreased; and, conversely, if the Company at any time or
from time to time after the date of this Warrant combines the outstanding shares of Common Stock,
by reverse stock split or otherwise, the Purchase Price then in effect immediately before that
combination shall be proportionately increased. Any adjustment under this Section 3(b) shall
become effective at the close of business on the date the subdivision or combination becomes
effective.

          (c) Adjustment for Certain Dividends and Distributions. In the event the Company at
any time or from time to time after the date of this Warrant either makes, or fixes a record date
for the determination of holders of Common Stock entitled to receive, a dividend or other
distribution payable in additional shares of Common Stock, then and in each such event the Purchase
Price then in effect shall be decreased as of the time of such issuance or, in the event such a
record date is fixed, as of the close of business on such record date, by multiplying the Purchase
Price then in effect by a fraction (1) the numerator of which is the total number of shares of
Common Stock issued and outstanding immediately prior to the time of such issuance on the close of
business on such record date, and (2) the denominator of which shall be (i) the total number of
shares of Common Stock issued and outstanding immediately prior to the time of such issuance or the
close of business on such record date plus (ii) the number of shares of Common Stock issuable in
payment of such dividend or distribution; provided, however, that if such record date is fixed and such
dividend is not fully

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paid or if such distribution is not fully made on the date fixed therefor,
the Purchase Price shall be recomputed accordingly as of the close of business on such record date
or date fixed therefor and thereafter the Purchase Price shall be adjusted pursuant to this Section
3(c) as of the time of actual payment of such dividend or distribution. For purposes of the
foregoing formula, “the total number of shares of Common Stock issued and outstanding” on a
particular date shall include shares of Common Stock issuable upon conversion of stock or
securities convertible into Common Stock and the exercise of warrants, options or rights for the
purchase of Common Stock which are outstanding on such date.

          (d) Adjustments for Other Dividends and Distributions. In the event the Company at
any time or from time to time after the date of this Warrant makes, or fixes a record date for the
determination of holders of Common Stock entitled to receive, a dividend or other distribution
payable in securities of the Company other than shares of Common Stock, then and in each such
event, provision shall be made so that the Holder shall receive upon exercise hereof, in addition
to the number of shares of Common Stock receivable thereupon, the amount and kind of securities of
the Company which it would have received had this Warrant been exercised for Common Stock as of the
date of such event and had it thereafter, during the period from the date of such event to and
including the date of exercise, retained such securities receivable by it as aforesaid during such
period, subject to all other adjustments called for during such period under this Section 3 with
respect to the rights of the Holder.

          (e) Adjustment for Recapitalization, Reclassification, or Exchange. If the Common
Stock issuable upon the exercise of this Warrant is changed into the same or a different number of
shares of any class or classes of stock of the Company, whether by recapitalization,
reclassification or other exchange (other than a subdivision or combination of shares, or a stock
dividend or a reorganization, merger, consolidation or sale of assets, provided for elsewhere in
this Section 3), then and in any such event the Holder shall have the right thereafter to exercise
this Warrant to purchase the kind and amount of stock and other securities and property receivable
upon such recapitalization, reclassification or other exchange by holders of the number of shares
of Common Stock which might have been purchased under this Warrant immediately prior to such
recapitalization, reclassification or other exchange, all subject to further adjustment as provided
herein.

          (f) Reorganizations, Mergers, Consolidations or Sales of Assets. If at any time or
from time to time there is a capital reorganization of the Common Stock (other than a subdivision
or combination of shares or a stock dividend or a recapitalization, reclassification or other
exchange of shares, provided for elsewhere in this Section 3 or a merger or consolidation of the
Company with or into another corporation, or the sale of all or substantially all of the Company’s
assets to any other person), then, as a part of such capital reorganization, provision shall be
made so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the
number of shares of stock or other securities or property of the Company, or of the successor
corporation resulting from such capital reorganization, to which a holder of the number of shares
of Common Stock deliverable upon such exercise would have been entitled on such capital reorganization. In any such case,

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appropriate adjustment shall be made in the application of the provisions of this Section 3 with
respect to the rights of the Holder after the capital reorganization to the end that the provisions
of this Section 3 (including the number of shares deliverable upon exercise of this Warrant) shall
continue to be applicable after that event and shall be as nearly equivalent to the provisions
hereof as may be practicable.

          (g) Certificate of Adjustment. Upon the occurrence of each adjustment or readjustment
of the Purchase Price and/or the number of shares of Common Stock subject to this Warrant, the
Company at its expense shall promptly compute such adjustment or readjustment in accordance with
the terms hereof, and shall prepare and furnish to the Holder a certificate setting forth such
adjustment or readjustment and showing in detail the facts upon which such adjustment or
readjustment is based.

     4. Exercise upon Reorganization, Consolidation, Merger, etc. In case at any time or
from time to time, the Company intends to (a) effect a reorganization, (b) consolidate with or
merge into any other person, (c) sell or transfer all or substantially all of its properties or
assets to any other person, (d) dissolve, (e) consummate an initial public offering of its
securities; or if the Company is sold through the sale of its capital stock, then, notwithstanding
any other provision of this Warrant, in each such case, as a condition of such reorganization,
consolidation, merger, sale, dissolution, conveyance, or offering the Company shall give at least
ten (10) days’ notice to the Holder of such pending transaction whereby the Holder shall have the
right to exercise this Warrant prior to any such reorganization, consolidation, merger, sale,
dissolution, conveyance or offering. Any exercise of this Warrant pursuant to notice under this
Section shall be conditioned upon the closing of such reorganization, consolidation, merger, sale,
dissolution, conveyance or offering which is the subject of the notice and the exercise of this
Warrant shall not be deemed to have occurred until immediately prior to the closing of such
transaction.

     5. Further Assurances. The Company will take all action that may be necessary or
appropriate in order that the Company may validly and legally issue fully paid and nonassessable
shares of Common Stock, free from all taxes, liens and charges with respect to the issue thereof,
on the exercise of all or any portion of this Warrant from time to time outstanding.

     6. Notices of Record Date, etc. In the event of:

          (a) any taking by the Company of a record of the holders of any class of securities for the
purpose of determining the holders thereof who are entitled to receive any dividend on, or any
right to subscribe for, purchase or otherwise acquire any shares of stock of any class or any other
securities or property, or to receive any other right, or

          (b) any capital reorganization of the Company, any reclassification or recapitalization of the
capital stock of the Company or any transfer of all or substantially all of the assets of the Company to or the sale, consolidation or merger of the Company with, to or
into any other person, or

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          (c) any voluntary or involuntary dissolution, liquidation or winding up of the Company;

then and in each such event the Company will mail or cause to be mailed to the Holder, at least ten
(10) days prior to such record date, a notice specifying (i) the date on which any such record is
to be taken for the purpose of such dividend, distribution or right, and stating the amount and
character of such dividend, distribution or right, (ii) the date on which any such reorganization,
reclassification, recapitalization, transfer, consolidation, merger, dissolution, liquidation or
winding up is to take place, and the time, if any is to be fixed, as of which the holders of record
of Common Stock (or Other Securities) shall be entitled to exchange their shares of Common Stock
(or Other Securities) for securities or other property deliverable on such reorganization,
reclassification, recapitalization, transfer, consolidation, merger, dissolution, liquidation or
winding up, and (iii) the amount and character of any stock or other securities, or rights or
options with respect thereto, proposed to be issued or granted, the date of such proposed issue or
grant and the persons or class of persons to whom such proposed issue or grant is to be offered or
made.

     7. Reservation of Stock, etc., Issuable on Exercise of Warrants. The Company will at
all times reserve and keep available out of its authorized but unissued shares of capital stock,
solely for issuance and delivery on the exercise of this Warrant, a sufficient number of shares of
Common Stock (or Other Securities) to effect the full exercise of this Warrant and the exercise,
conversion or exchange of any other warrant or security of the Company exercisable for, convertible
into, exchangeable for or otherwise entitling the Holder to acquire shares of Common Stock (or
Other Securities), and if at any time the number of authorized but unissued shares of Common Stock
(or Other Securities) shall not be sufficient to effect such exercise, conversion or exchange, the
Company shall take such action as may be necessary to increase its authorized but unissued shares
of Common Stock (or Other Securities) to such number as shall be sufficient for such purposes.

     8. Transfer of Warrant. This Warrant cannot be transferred without the prior written
consent of the Company, which consent shall not be unreasonably withheld; provided,
however, the Holder may transfer this Warrant to any of its affiliates without such consent
so long as such transfer complies with all applicable securities laws.

     9. No Rights as a Stockholder. This Warrant shall not entitle the Holder hereof to
any voting rights or other rights as a stockholder of the Company.

     10. Notices, etc. All notices which are required to be given pursuant to this Warrant
shall be in writing and shall be delivered by certified mail, return receipt requested, first class
postage prepaid, or sent by overnight express or similarly recognized overnight delivery with
receipt acknowledged or by facsimile, with a copy thereof sent by one of the other means.
Notices shall be deemed to have been given at the time delivered and shall be addressed as
follows or to such other address as a party may designate by proper notice hereunder.

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	If to Holder:

	 	To the address set forth on the first page hereof.
	 
	 	 
	If to the Company:

	 	Tri-Isthmus Group, Inc.
	 

	 	149 South Barrington Ave., #808
	 

	 	Los Angeles, California 90049
	 

	 	Attn.: David Hirschhorn, Chief Executive Officer

     11. Securities Laws. By acceptance of this Warrant, the Holder hereby represents to
the Company that this Warrant is being acquired for investment for the Holder’s own account, not as
a nominee or agent, and not with a view to the resale or distribution thereof, and that the Holder
has no present intention of selling, granting any participation in, or otherwise distributing this
Warrant or the Common Stock issuable upon exercise of this Warrant. By acceptance of this Warrant,
the Holder further represents that the Holder does not presently have any contract, undertaking,
agreement or arrangement with any person to sell, transfer or grant participations to such person
or to any third person, with respect to this Warrant or the Common Stock issuable upon exercise of
this Warrant. The Holder is an “accredited investor” as the term is defined in Rule 501(a) of
Regulation D promulgated under the Securities Act and has sufficient knowledge and experience in
finance and business that it is capable of evaluating the risks and merits of its investment in the
shares subject to this Warrant and the Holder is able financially to bear the risks thereof. The
Holder understands that the sale and issuance of this Warrant and the Common Stock issuable upon
exercise of this Warrant have not been registered under the Securities Act, by reason of a specific
exemption from the registration provisions of the Securities Act which depends upon, among other
things, the bona fide nature of the investment intent and the accuracy of the Holder’s
representations as expressed herein. The Holder further recognizes and acknowledges that because
the sale and issuance of this Warrant and the Common Stock issuable upon exercise of this Warrant
are unregistered, they may not be eligible for resale, and may only be resold in the future
pursuant to an effective registration statement under the Securities Act and any applicable state
securities laws, or pursuant to a valid exemption from such registration requirements and that the
Holder must, therefore, bear the economic risk of such investment indefinitely.

     12. Legend. Unless theretofore registered for resale under the Securities Act, each
certificate for shares of Common Stock issued upon exercise of this Warrant shall bear the
following or a similar legend:

     THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS. THE SECURITIES HAVE BEEN
ACQUIRED FOR INVESTMENT AND MAY NOT BE RESOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF

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AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OR AN OPINION
OF COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY THAT SUCH DISPOSITION IS IN COMPLIANCE WITH
THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

     13. Miscellaneous. This Warrant and any terms hereof may be changed, waived,
discharged or terminated only by an instrument in writing signed by the party against which
enforcement of such change, waiver, discharge or termination is sought. This Warrant shall be
construed and enforced in accordance with and governed by the internal laws of the State of
Delaware, without regard to conflict of laws principles. The headings in this Warrant are for
purposes of reference only, and shall not limit or otherwise affect any of the terms hereof. The
invalidity or unenforceability of any provision hereof shall in no way affect the validity or
enforceability of any other provision.

*    *    *

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     IN WITNESS WHEREOF, the Company has caused this Warrant to be executed on its behalf by one of
its officers thereunto duly authorized as of                                         , 2008.

	 	 	 	 	 
	 	TRI-ISTHMUS GROUP, INC.

 	 
	 	By:  	 	 
	 	 	DAVID HIRSCHHORN 	 
	 	 	Chief Executive Officer 	 
	 

[Signature page to Warrant]

 

 

FORM OF SUBSCRIPTION

TRI-ISTHMUS GROUP, INC.

(To be signed only on exercise of Warrant)

			
	TO:	 	TRI-ISTHMUS GROUP, INC.

     1. The undersigned Holder of the attached original, executed Warrant of Tri-Isthmus Group,
Inc., a Delaware corporation (the “Company”), hereby elects to exercise its purchase right
under such Warrant with respect to                      (                    ) shares (the “Exercise
Shares”) of Common Stock (as defined in the Warrant), constituting all the shares of Common
Stock subject to the Warrant.

     2. The undersigned Holder is hereby paying the aggregate purchase price for such the
Exercise Shares (i) by the enclosed certified or official bank check payable in United
States dollars to the order of the Company in the amount of $                    , or (ii) by wire transfer
of United States funds to the account of the Company in the amount of $                    , which
transfer has been made before or simultaneously with the delivery of this Form of Subscription
pursuant to the instructions of the Company.

     3. Please issue a stock certificate or certificates representing the Exercise Shares in the
name of the undersigned Holder.

Dated:                                        

	 	 	 	 	 
	 

	 	 

     Signature of Holderexv10w30

Exhibit
10.30

	 	 	 	 	 

TRIDENT MICROSYSTEMS, INC.

FISCAL 2009 EXECUTIVE INCENTIVE BONUS PLAN

     The following are the terms of the 2009 Executive Incentive Bonus Plan approved by the Compensation Committee
of the Board of Directors of Trident Microsystems, Inc. (the “Company”) on July 25, 2008 (the
“Plan”).

A. Purpose

     1. The terms of the Plan have been established to attract, motivate, retain and reward the
Company’s executive officers and all other officers of the Company for driving the Company to
achieve specific corporate objectives.

     2. The Plan provides for the payment of cash bonuses based upon the Company’s revenue, new
product revenue and operating margin objectives.

B. Eligibility

     1. Those eligible to participate in the Plan are the Company’s executive officers as
determined pursuant to Section 16 of the Securities Exchange Act of 1934, as amended and any other
officers of the Company designated by the Compensation Committee (each, an “Officer” and
collectively, the “Officers”).

C. Determination of Bonus Amounts

     1. The calculation of bonuses under the Plan shall be based upon achievement by the Company of
three separate financial performance targets established by the Compensation Committee: (1) “Total
Revenue Target” (as defined in Exhibit A) (b) “New Product Revenue Target” (as defined in
Exhibit A) and (c) “Operating Margin Target” (as defined in Exhibit A). The Compensation
Committee has determined that each individual Officer will have an “Individual Bonus Percentage”
(as defined in Section C.6 below) and an “Individual Target Bonus” (as defined in Section C.7
below) which will vary depending on such Officer’s position and responsibilities in the Company.
The amount of funds available for distribution to Officers under the Plan shall be equal to the sum
of (a) each Officer’s Individual Target Bonus (as defined in Section D.1 below), multiplied by the
“Bonus Achievement Multiplier” (as defined in Section C.2 below).

     2. “Bonus Achievement Multiplier” means the sum of (a) actual FY 2009 Total Revenue divided by
Total Revenue Target multiplied by 0.3 (“Total Revenue Factor”), (b) actual FY 2009 New Product
Revenue divided by New Product Revenue Target multiplied by 0.4 and (c) actual FY 2009 Operating
Margin divided by Operating Margin Target multiplied by 0.3, subject to Section C.3 below.

     3. A minimum threshold revenue level must be achieved before including the Total Revenue Factor in
the calculation of the Bonus Achievement Multiplier (the “Threshold Revenue”). The amount of the
Threshold Revenue is set forth on Exhibit A. For each dollar of actual FY 2009 Total Revenue in
excess of Threshold Revenue up to the Total Revenue Target,

 

 

the Total Revenue Factor shall increase
by the amount set forth in Exhibit A. For each dollar of actual FY 2009 Total Revenue in excess
of the Total Revenue Target, the Total Revenue Factor shall increase by the amount set forth in
Exhibit A up to a maximum of one hundred fifty percent (150%) achievement of the Total Revenue
Target. In the event that actual FY 2009 Operating Margin Dollars are less than the amount set
forth on Exhibit A (“Threshold Margin Dollars”) the Bonus Achievement Multiplier shall be deemed to
be equal to zero.

     4. The Bonus Achievement Multiplier may range from zero to a maximum of 125% (assuming maximum
achievement of the Total Revenue Target). The Bonus Achievement Multiplier does not vary based
upon the Officer’s position and responsibilities and is applicable to all Officers.

     5. “Individual Bonus Earned” means the amount equal to Individual Target Bonus multiplied by the
Bonus Achievement Multiplier.

     6. “Individual Bonus Percentage” means the percentage of a respective Officer’s base salary that is
targeted as a bonus payment under the Plan assuming exactly one hundred percent achievement by the
Company of each of the Total Revenue Target, New Product Revenue Target and Operating Margin
Dollars Target.

     7. “Individual Target Bonus” means the amount equal to a respective Officer’s base salary
multiplied by such Officer’s Individual Bonus Percentage.

     8. “Operating Margin” means (a) Total Revenue minus total cost of goods sold and total operating
expenses (before taxes) divided by (b) Total Revenue.

     9. “Operating Margin Dollars” means Total Revenue minus total cost of goods sold and total
operating expenses (before taxes).

     10. “New Product Revenue” means the total amount of revenue derived from the sale during FY 2009 of
new Company products as described on Exhibit A.

     11. “Total Revenue” means the total amount of revenue derived from the sale of all products and
services of the Company during FY 2009.

 

 

D. Individual Target Percentages

     1. The Individual Target Percentages for each Officer under the Plan is as follows:

	 	 	 	 	 
	 	 	Individual Bonus
	Name and Title	 	Percentage
	Sylvia D. Summers, President and Chief Executive Officer
	 	 	100	%
	 
	 	 	 	 
	David L. Teichmann, Senior Vice President, General Counsel and Corporate Secretary
	 	 	75	%
	 
	 	 	 	 
	Pete J. Mangan, Senior Vice President, Chief Financial Officer
	 	 	60	%
	 
	 	 	 	 
	Hungwen Li, Senior Vice President, Strategic Marketing
	 	 	60	%
	 
	 	 	 	 
	Donna Hamlin, Vice President, Human Resources
	 	 	50	%
	 
	 	 	 	 
	Chris P. Siu, Chief Accounting Officer
	 	 	30	%

E. Plan Changes

     1. The Board or the Compensation Committee may modify the financial performance goals at any
time based on changes in business conditions during the year and may grant bonuses to executive
officers even if the financial performance goals are not met. In its discretion, the Compensation
Committee may, either at the time it grants an award under the Plan or at any time
thereafter, provide for the adjustment of the award formula applicable to an award granted to any
participant under the Plan to reflect such participant’s individual performance in his
or her position with the Company or such other factors as the Compensation Committee may determine.
Notwithstanding the attainment of any performance goal under the Plan, the Compensation
Committee shall have the discretion, on the basis of such criteria as it may establish, to reduce
the amount of or to eliminate any final award that would otherwise be paid, and retains the
absolute discretion to amend, modify or terminate the Plan at any time.

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