Document:

SI Diamond Technology Exhibit 10.2

  SI
  Diamond Technology, Inc.

  3006 Longhorn Blvd., Suite 107, Austin, TX 78758

  Phone (512) 339-5020, Fax (512) 339-5021,
  WWW.CARBONTECH.NET

   Exhibit 10.2

   Amendment to Employment Agreement originally dated May
  31, 1996 between the Company and

   Dr. Zvi Yaniv

   April 29, 1999

  To: Zvi Yaniv

  From: Doug Baker

  

  Re: Compensation

  Your salary had been adjusted to an annual rate of $175,000 retroactive to
  January 1, 1998 in accordance with Marc’s instructions and as a result of a
  prior agreement between the two of you.

  Your salary going forward will be at an annualized rate of $175,000. In
  addition, the Company will provide you with a leased Subaru Forester under a
  three year lease commencing April 22, 1999. This new arrangement supercedes
  all prior salary and bonus arrangements including that set forth in the July
  31, 1998 agreement which called for an increase to an annual rate of $200,000
  if the Company were to achieve profitability.

  If you agree with this summary, please sign below.

   

   

  Agreed            //s// 
  Zvi Yaniv                    
                      

                         
  Zvi YanivEXTENSION OF AGREEMENT OF RESEARCH AND DEVELOPMENT

EXTENSION OF

AGREEMENT OF RESEARCH AND DEVELOPMENT

Reference
is made to the Agreement of Research and Development (hereafter referred to as
"Original Agreement") concluded by and between FUTABA CORPORATION,
having its registered office at 629 Oshiba, Mobara, Chiba 297-8588, Japan
(hereinafter referred to as "Futaba"), and FEPET, Inc., having
its registered office at 3006 Longhorn Blvd., Suite 107, Austin, TX  78758,
USA (hereinafter referred to as "FEPET"), effective from January 1,
2001 to December 31, 2001.

The
parties hereto desire to intensify the collaboration in order to accelerate the
transfer of the process to manufacturing.  The parties hereto desire to
extend the term and amend certain provisions of the Original Agreement.

NOW,
THEREFORE, IT IS AGREED AS FOLLOWS:

	
    The term of the
    Original Agreement shall be effective to June 30, 2002 by extension of six
    months.

    

    

	
    FEPET shall carry out
    the R&D program to achieve the milestones attached as Exhibit A.

    

    

	
    Fytaba shall pay
    US$500,000 as the additional compensation for the R&D program in lump
    sum by the end of January 2002.

    

    

	
    "PET" shall
    mean 10mm pitch, 8x8 and 2.5mm pitch, 96x96 color pixels picture element
    tube.

    

    

	
    FEPET shall record
    every progress and achievement of the R&D program and deliver to Fataba
    full and true reports of its record within a week after every two month
    commencing from January 1, 2002.

    

    

	
    All other terms and
    provisions of the Original Agreement shall remain unchanged and in full
    force and effect.

    

IN WITNESS WHEREOF, Futaba
and FEPET have caused this extension of Agreement to be executed by their duly
authorized representatives as oft the date below written.

	Futaba Corporation		FEPET, Inc.
	 		
	/s/ Hiroaki Kawasaki		/s/ zvi Yaniv
	
      

    		
      

    
	By:  Hiroaki
      Kawasaki		By:  Zvi Yaniv
	Title:  Managing
      Director		Title: 
      President/COO
	Date:  December
      10, 2001		Date:  12/10/2001SI Diamond Technology - Ex. 10.23 Memorundum of Understanding

  SI
  Diamond Technology, Inc.

  3006 Longhorn Blvd., Suite 107, Austin, TX 78758

  Phone (512) 339-5020, Fax (512) 339-5021,
  WWW.CARBONTECH.NET

   Exhibit10.23

   Memorandum of Understanding

  February 20, 2002

  Re: Proposed employment by EBT

  Following is a summary of the key terms of the proposed employment
  arrangement between Electronic Billboard Technology, Inc (“EBT”). and Jake
  Schroepfer (“Schroepfer”):

  Title:  Chief Executive Officer, Electronic Billboard
  Technology, Inc.

  Board Position:  To be nominated as a Member of the Board of
  Directors of both SI Diamond Technology, Inc. and Electronic Billboard
  Technology, Inc.

  Start date:  March 1, 2002

  Salary: $400,000 per year to be reviewed annually

  Stock Options:  1.5 million options to purchase SIDT common stock,
  vesting quarterly over the three year period commencing with your start date.
  These options will be priced based on the average closing stock price for the
  month of February 2002 and are subject to compensation committee approval.

  Bonus Stock Option Plan:

  	250,000 options to be granted based on completion of a business plan for
      EBT within 30 days of employment and upon attainment of cumulative EBT
      revenue of $2.0 million, starting on the employment date. This revenue
      level must be attained within 12 months of employment, or the options are
      not granted.

  	250,000 options to be granted if EBT achieves break even on a quarterly
      basis using EBITDA (Earnings before Interest, Tax, Depreciation, and
      Amortization)  within 24 months of employment. The quarters will be
      measured using calendar quarters starting April 1, 2002. 

   

  

  	500,000 options to be granted if EBT achieves a 20% EBITDA on a
      quarterly basis by the end of the third anniversary of employment, using
      the same definition of quarters as in item 2.

  	Annual performance reviews to be set up by the anniversary of each year’s
      employment with SIDT to allocate further targets and stock option grants
      linked to expectations at that time.

  For purposes of pricing the options under the bonus plan, the options for
  items 1-3 would be priced at the average closing price of SIDT common stock
  for the month in which the goal was achieved. For example, if cumulative
  revenue of $2.0 million were achieved in December 2002, then the options would
  be priced at the average closing price for the month of December.

  Cash Bonuses

  No cash bonus will be paid for 2002. After the completion of the current
  calendar year, a bonus plan for 2003 and thereafter will be negotiated. As
  part of that negotiation, Schroepfer will be receptive to lowering his base
  salary to an amount no lower than $350,000 per year.

  Pension/Retirement Savings Plan:  Our current 401K plan allows for a
  contribution of the lesser of 15% of salary, or $11,000.

  Other benefits at Company Expense:

  	Medical, Dental, Disability, and Group Term Life Insurance for the
      employee based on standard EBT plans. Medical and Dental insurance
      available for dependents at employees cost.
	Auto allowance of $700 per month plus EBT will the bear the costs of all
      parking and tolls. EBT is required to include a personal use charge on
      your W-2 based on information supplied by you to the Company related to
      personal usage.
	Reimbursement of all business expenses, including travel.
	EBT to pay club dues.

  Covenant Not To Compete

  Schroepfer will sign the Company’s standard non-confidentiality
  agreement, which will include a covenant not to compete for one year from the
  date of termination if termination is for cause or by resignation.

  Severance

  If Schroepfer resigns, or is terminated for cause, no severance is due. If
  Schroepfer is terminated with out cause, his base salary will continue to be
  paid on normal pay dates for a period of six months after the termination of
  employment. Schroepfer will have one year from the termination of employment
  to exercise vested options and options that would vest during the six-month
  severance period will continue to vest. If termination is

   

  

  for cause, or by
  resignation, Schroepfer will have the normal 30 days from termination
  specified by the plan to exercise any options vested as of the termination
  date.

  Cause means:

  	Any act or omission, or a
  series of acts or omission when taken together, which constitutes a material
  breach of Schroepfer of the memorandum of understanding.
	His conviction of a felony or
  commission of an act that would rise to the level of a felon.
	His conviction of a lesser
  crime or offense that adversely impacts upon the business or reputation of the
  Company
	His commission of a dishonest
  or wrongful act involving fraud, misrepresentation, or moral turpitude causing
  damage or potential damage to the Company
	His failure to perform a
  substantial part of his duties.

  Agreed and accepted this 20th day of February, 2002.

  	
                //s//  Marc W.
        Eller

      	
                 //s// Jake
        Schroepfer

      
	
        Marc W. Eller

      	
               Jake Schroepfer

      
	
        Electronic Billboard Technology, Inc.SI Diamond Technology, Inc. - Agreement for Use and Non-Disclosure of
Confidential and Proprietary Information

  Exhibit 10.24

  Agreement for use and
  Non-Disclosure of

  Confidential and Proprietary
  Information

   Between:

   SI DIAMOND
  TECHNOLOGY, INC.

   And

   Jake Schroepfer

             
  THIS AGREEMENT entered into on 02/20/02, (hereafter “Effective Date”),
  between SI Diamond Technology, Inc. (herein “Company”) and Jake Schroepfer
  (herein “Employee”) to assure the protection and preservation of the
  confidential and/or proprietary nature of information to be disclosed or made
  available by Company, during the course of employment or engagement as a
  consultant. For purposes of this Agreement, “Company” shall include
  Company and all its subsidiary corporations.

  	 	(a)	
  For the purposes of this Agreement, “Proprietary
  Information” shall mean all informant, ideas, concepts, improvements,
  copyrightable material, patentable material, discoveries and inventions
  (including those relating to research, development, financial and sales data,
  pricing or trading terms, evaluations, opinions, interpretations, the identity
  of Company customers or of their requirements or of Key contacts within such
  customer’s organizations, and marketing and merchandising techniques) (i)
  possessed, acquired, developed or reduced to practice by Company at any time,
  irrespective of the subject or nature of these, or (ii) conceived, made.
  Developed, acquired or reduced to practice by Employee or disclosed or made
  known to Employee, individually or jointly with others, that relate or pertain
  to the business of Company or any Company actual or demonstrably anaticipated
  research or development and whether or not conceived, made, developed,
  acquired or reduced to practice during regular working hours. The term shall
  include without limitation all test data, documents, memoranda, notes,
  records, files, correspondence, drawings, manuals, models, specifications,
  designs, computer programs, maps and all other writings or materials of any
  type embodying any of such Proprietary Information.
		

  (b)

      	

   All Proprietary Information shall be the sole and exclusive
  property of the Company. Employee agrees that he or she shall promptly and
  completely inform and disclose to Company all Proprietary Information.
  Employee shall transfer to Company all Proprietary Information conceived,
  made, developed, acquired or reduced to practice by Employee as a result of
  Employee’s work on behalf of Company, and Employee agrees to execute any
  additional documents that the Company may reasonably request to evidence such
  transfer of rights in connection with the development in every proper way in
  obtaining, as its expense, protection for all such inventions and
  copyrightable materials, and will execute any and all lawful documents desired
  or required by Company to achieve that end. Employee agrees to assign to the
  Company, his or her entire right, title, and interest in and to all such
  copyrightable or patentable materials, discoveries, inventions, improvements,
  and

      

  

   

  		

   

      	

   developments, as well as any applications for patent or copyright
  registration thereon, during and subsequent to his or her employment.

      
		(c)	
  Employee shall not be obligated under or bound by
  Paragraph (a) or (b) above for any copyrightable or patentable material,
  discovery, invention, improvement, or development for which no equipment,
  supplies, facility, or trade secret information of the Company was used and
  which was developed entirely on his or her own time, and (1) which does not
  relate (a) to the business of Company or (b) to Company’s actual or
  demonstrably anticipated research or development, or (2) which does not result
  from any work performed by him or her for Company. The burden of proof whether
  items are covered by this Paragraph (c) shall rest with Employee. The
  following is a complete list of inventions, patented or unpatented, and
  copyrigfhtable materials which Employee has authored, conceived, or reduced to
  practice prior to his or her employment or engagement as a consultant with
  Company.
			Employee agrees that any improvements
  made to the above listed inventions or revisions of the above listed
  copyrightable materials authored, conceived, developed or reduced to practice
  during his or her employment or engagement as a consultant by Company shall be
  the property of Company if otherwise covered by the definition of Proprietary
  Information in Paragraph (a), and not excluded under Paragraph (c). Any
  information possessed, acquired, developed or reduced to practice by Employee
  within one (1) year following termination of Employee’s employment or
  engagement as a consultant with Company shall be presumed to be Proprietary
  Information.
		(d)	 Employee recognizes and acknowledges that the protection of the
  Proprietary Information of the Company against unauthorized disclosure and use
  is of critical importance to Company. And therefore Employee agrees to use his
  or her best efforts and exercise utmost diligence to protect and safeguard the
  Proprietary Information of the Company and its affiliates, if any, and, except
  as may be expressly required by Company in connection with Employee’s
  performance of his or her obligations to Company. Employee shall not, either
  during the term of his or her employment or engagement as a consultant with
  Company or thereafter, directly or indirectly , use for his own benefit or for
  the benefit of another, or disclose to another, any of such Proprietary
  Information.
		(e)	 Upon termination of employment, or at any other time upon
  request of the Company, Employee shall immediately deliver to Company all
  originals and all copies of any documents (including computer files) embodying
  any Proprietary Information, including all test data.
		(f)	
  The Employee represents that his employment by the company will
  not conflict with any obligations which he has to any other person, firm or
  entity. The Employee specifically represents that he has not brought to the
  Company (during the period before the signing of this Agreement) and he will
  not bring to the Company any materials or documents of a former or present
  employer, or any confidential information or property of any other person,
  firm, or entity.
		(g)	 During the course of employment, the Employee will promptly
  disclose to the directors of the Company, in accordance with Company’s
  policies, full information concerning any interests, direct or indirect, he or
  she holds (whether as a principal, stockholder, lender, employee, director,
  officer, partner, venturer, consultant or otherwise) in any business which, 

  

   

  		 	 as
  reasonably known to the Employee, purchases or provides services or products
  to, Company or any of its subsidiaries.
		(h)	 During the course of employment or engagement as a consultant
  with the Company, the Employee shall not, without disclosure to and approval
  of the Company’s Board of directors, directly or indirectly, engage or be
  interested (whether as a principal, stockholder, lender, employee, officer,
  director, partner, venturer, consultant, or otherwise) in any business that is
  directly competitive with the business of the Company.
		(i)	
  For a period of one year after termination of employment or the
  engagement as a consultant with the Company, the Employee shall not, without
  disclosure to and approval of the Company’s Board of directors, directly or
  indirectly, engage or be interested (whether as a principal, stockholder,
  lender, employee, officer, director, partner, venturer, consultant or
  otherwise) in any business that is directly competitive with the business of
  the Company.
		(j)	
  If any of the provisions of this Agreement is held to be
  unenforceable because of the scope, duration, or area of its applicability,
  the court making such determination shall have the power to modify such scope,
  duration, or area or all of them, and such provision shall then be applicable
  to such modified form.
		(k)	 This Agreement shall not be considered to be an agreement by
  Company to employ Employee.

  Specific Performance:  Since
  Company will be irreparably damaged if the provisions of this Agreement are
  not specifically enforced, Company shall be entitled to an injunction
  restraining any violation of this Agreement by the Employee (without any bond
  or other security being required), or any other appropriate decree of specific
  performance. Such remedies shall not be exclusive and shall be in addition to
  any other remedy which the Company may have.

                                                             
  SI Diamond Technology, Inc.

                                                             
  By:                  
  //s//  Marc W. Eller       

                                                                         
  Marc W. Eller, CEO

                                                             
  Employee

                                                                         
             
  //s//  Jake Schroepfer       

                                                                         
  Jake Schroepfer

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