Document:

Exhibit
      10.14

    

    AMENDMENT
      TO SECURITY DOCUMENTS 

     

    THIS
      AMENDMENT TO SECURITY DOCUMENTS is made as of this 30th day of March, 2006,
      by
      and between Zoom Telephonics, Inc., a Delaware corporation (the “Mortgagor”),
      and Wainwright Bank & Trust Company (the “Lender”).

    

    WHEREAS,
      Lender has made a certain mortgage loan to the Mortgagor, which loan is
      evidenced by a Commercial Real Estate Promissory Note made by the Mortgagor
      to
      the Lender dated January 10, 2001, in the original principal amount of
      $6,500,000.00, as amended by First Amendment to Commercial Real Estate
      Promissory Note dated March 28, 2005 (the “Note”); and

    

    WHEREAS,
      the Note is secured, inter
      alia,
      by the
      following “Security Documents” among others:

    

    (i)    a
      Mortgage, Security Agreement and Assignment dated January 10, 2001, from the
      Mortgagor to the Lender with respect to certain real property known as and
      located at 195-201 South Street, 50 Utica Street, 207-209 South Street, and
      162-168 Kneeland Street, Boston, Suffolk County, Massachusetts (collectively,
      the “Mortgaged Premises”), which Mortgage is recorded with the Suffolk County
      Registry of Deeds in Book 25763, Page 284, and filed with the Suffolk County
      Registry District of the Land Court as Document No.609541 (the “Mortgage”);
      and

    

    (ii)   an
      Assignment of Leases and Rents dated as of January 10, 2001, from the Mortgagor
      to Lender pursuant to which the Mortgagor has assigned to the Lender all of
      the
      Mortgagor's interest in, to and under all leases, rental agreements and/or
      occupancy agreements with respect to the Mortgaged Premises, which instrument
      is
      recorded with the Suffolk County Registry of Deeds in Book 25763, Page 315,
      and
      filed with the Suffolk County Registry District of the Land Court as Document
      No. 609542 (the “Assignment of Leases”); and

    

    WHEREAS,
      Lender and the Mortgagor have entered into a Loan Modification Agreement of
      even
      date herewith regarding the outstanding indebtedness of the Mortgagor to the
      Lender (the “Modification Agreement”), which Agreement, among other things,
      extended the maturity date of the Note; and

    

    WHEREAS,
      Lender and Mortgagor have agreed to amend the Security Documents to include
      within the liabilities, obligations, and indebtedness thereby secured the
      Mortgagor’s obligations under the Modification Agreement.

    

    NOW,
      THEREFORE, in consideration of the foregoing and the sum of Ten Dollars
      ($10.00), and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, Mortgagor and Lender agree as
      follows:

    

    1.    Each
      of
      the Security Documents shall be and hereby is amended to provide that the
      Security Documents shall and do secure all obligations of Mortgagor to Lender
      whether now existing or hereafter incurred, absolute or contingent, including
      but not limited to all obligations of the Mortgagor under (i) the Note, as
      from
      time to time amended, (ii) the Modification Agreement, and (iii) all documents
      executed in connection with the Modification Agreement (collectively, the
“Obligations”).

    

    2.    Mortgagor
      has granted to Lender, with mortgage covenants, the Mortgaged Premises, pursuant
      to the Mortgage. Mortgagor hereby ratifies and confirms such grant and hereby
      grants to Lender, WITH MORTGAGE COVENANTS, the Mortgaged Premises pursuant
      to
      the Mortgage, as amended by this Amendment, to secure the
      Obligations.

    

    3.    Mortgagor
      has assigned to Lender all leases, rents and profits with respect to the
      Mortgaged Premises, pursuant to the Assignment of Leases. Mortgagor hereby
      ratifies and confirms such assignment, and hereby again assigns to Lender all
      of
      the Mortgagor's interest in such rents, leases and profits, pursuant to the
      Assignment of Leases, as amended by this Amendment, to secure the
      Obligations.

    

    4.    Except
      as
      herein amended, the Security Documents shall remain unmodified and in full
      force
      and effect as originally written, and are hereby ratified and confirmed by
      the
      Mortgagor.

    

    5.    Lender
      joins in this Amendment to Security Documents to evidence its acceptance of
      the
      terms hereof.

    

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

     

    Executed
      as a sealed instrument as of the date first above-written.

     

    
      	MORTGAGOR:	 	LENDER: 
	 	 	 
	ZOOM TELEPHONICS, INC.	 	WAINWRIGHT BANK & TRUST
              COMPANY
	 	 	 
	
              By
/s/
                Frank B. Manning  

            	 	By_/s/
              Darryl J. Fess 
	
              Frank
                B. Manning, President 

            	 	Name: 
              Darryl J. Fess
	
              duly
                authorized

            	 	Title:  
               Senior
              Vice-President
	 	 	 
	
              By :
/s/
                Robert Crist 

            	 	 
	
              Robert
                A. Crist, Treasurer

            	 	 
	
              duly
                authorized 

            	 	 

    

    

    
      
        
        

      

      
        30access
                devices
                

            	
               

            

    

     

     

    
        SHARE
        OPTION AGREEMENT

      

       

      THIS
        SHARE OPTION AGREEMENT, dated as of July 1, 2005, by and between Access Devices,
        Inc., a Nevada corporation (the “Company) and the undersigned optionee (the
“Optionee”).

       

       

       

      
        	1.  	
                Grant
                  of Options.
                  The Company hereby grants to the Optionee in accordance with the
                  attached
                  Notice of Share Option Grant (the “Notice of Grant”) options (the
                  “Options”) to purchase the total number of common shares, US$.001 par
                  value per share (the “Common Shares), of the Company set forth in the
                  Notice of Grant (the “Shares”) at the “Option Price Per Share” set forth
                  in the Notice of Grant (the “Exercise
                  Price”).

              

      

       

      

       

      
        	2.  	
                Exercise
                  of Options.
                  The Options shall be exercisable during their term in accordance
                  with the
                  terms and conditions set forth
                  below:

              

      

       

      
        	(a)  	
                Right
                  to Exercise.

              

      

       

      
        	i.  	
                Vesting
                  Schedule. Subject to Optionee’s continued service as a Director of the
                  Company and the terms of this Agreement, Options to purchase the
                  Shares
                  shall become vested and fully exercisable as to 1/2 such Shares
                  immediately at the date of this agreement, as to an additional
                  1/4 on the
                  first anniversary of the date of this agreement and as to the remaining
                  1/4 of the Shares on the seecond anniversary of the date of this
                  agreement. 

              

      

       

      
        	ii.  	
                The
                  Options may not be exercised for a fraction of a
                  Share.

              

      

       

      
        	iii.  	
                In
                  the event of termination of service as a Director of the Company,
                  the
                  exercisability of the Options shall be governed by Section 5
                  hereof.

              

      

       

      
        	iv.  	
                In
                  no event may any Option be exercised after the Term Expiration
                  Date set
                  forth in the Notice of Grant.

              

      

       

      
        	(b)  	
                Definitions.
                  As
                  used in this Agreement, the following terms shall have the meanings
                  ascribed to them:

              

      

       

      “Committee”
        means
        the Compensation Committee of the Board of the Company or any other committee
        of
        the Board that may be designated with the responsibility of administering
        the
        Equity Incentive Plan (as defined herein).

       

      “Equity
        Incentive Plan”
        means
        the Access Devices Inc. 2005 Equity Incentive Plan, as the same may be amended
        from time to time in accordance with its terms.

       

      
        	(c)  	
                Treatment
                  as ISOs. If designated as incentive stock options (“ISOs”), the Options
                  are intended to qualify as “incentive stock options” as defined in Section
                  422 of the Internal Revenue Code of 1986, as amended (the “Code”). To the
                  extent any Option issued pursuant to this Agreement does not qualify
                  as an
                  ISO under the Code, such Option shall be considered a nonstatutory
                  stock
                  option (“NSO”) under the Code. To the extent the aggregate fair market
                  value (determined as of the time the Options are granted) of Shares
                  with
                  respect to which Options are exercised for the first time by Optionee
                  during any calendar year exceeds the maximum amount permitted by
                  the Code
                  for treatment as ISOs, such Options shall be treated as NSOs. This
                  rule
                  shall be applied based on the chronological order in which the
                  Options
                  were granted. Options that are treated as NSOs shall otherwise
                  be subject
                  to all the provisions of this Agreement to the extent
                  applicable.

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        	(d)  	
                Procedure
                  for Exercise. The Options shall be exercisable by written notice
                  which
                  shall state the election to exercise Options, the method of exercise,
                  the
                  number of Shares for which Options are being exercised, and such
                  representations and agreements with respect to such Shares as may
                  be
                  required by the Company. Such written notice shall be signed by
                  the
                  Optionee and shall be delivered in person or by certified mail
                  to the
                  Chief Financial Officer of the Company c/o Access Devices Digital
                  Ltd.,
                  6th
                  floor, 58 Uxbridge Road, London W5 2ST. The written notice shall
                  be
                  accompanied by payment of the Exercise Price. Options shall be
                  deemed to
                  be exercised upon receipt by the Company of such written notice
                  accompanied by the Exercise Price.

              

      

       

      No
        Shares
        will be issued pursuant to the exercise of Options unless such issuance and
        such
        exercise shall comply with all relevant provisions of law and the requirements
        of any stock exchange or automated quotation service upon which the Shares
        may
        then be listed or quoted.

       

      

       

      
        	3.  	
                Method
                  of Payment.

              

      

       

      
        	(a)  	
                Payment
                  of the Exercise Price for the number of Shares for which Options
                  are being
                  exercised shall be made:

              

      

       

      
        	i.  	
                in
                  cash or by certified check; or

              

      

       

      
        	ii.  	
                subject
                  to Section 3(b) hereof by tender to the Company of Common Shares
                  then
                  owned by the Optionee having a Fair Market Value (as defined in
                  the Equity
                  Incentive Plan), at least equal to the Exercise Price;
                  or

              

      

       

      
        	iii.  	
                by
                  delivery on a form prescribed by the Committee of an irrevocable
                  direction
                  to a securities broker approved by the Committee to sell Common
                  Shares and
                  deliver all or a portion of the proceeds to the Company in payment
                  for the
                  Shares; or

              

      

       

      
        	iv.  	
                by
                  delivery of a promissory note, which note shall be a full recourse,
                  interest-bearing obligation containing such terms as the Committee
                  shall
                  determine; provided, however, that in such a case Optionee agrees
                  to
                  execute such further documents as the Company may deem necessary
                  or
                  appropriate in connection with issuing the note, perfecting a security
                  interest in the Shares purchased with the note, and any related
                  terms or
                  conditions that the Company may propose including a security agreement,
                  an
                  escrow agreement, or a voting trust agreement;
                  or

              

      

       

      
        	v.  	
                a
                  combination of the foregoing.

              

      

       

      
        	(b)  	
                Notwithstanding
                  the foregoing, Options may not be exercised by tender to the Company
                  of
                  Common Shares to the extent the tender of such shares would constitute
                  a
                  violation of the provisions of any law, regulation and/or agreement
                  restricting the redemption of the Common Shares or, if in the opinion
                  of
                  counsel to the Company such tender of stock might impair the ability
                  of
                  purchasers of shares from the Company from taking full advantage
                  of the
                  provisions of applicable law relating to capital gains treatment
                  of shares
                  issued by the Company. Unless otherwise provided by the Committee,
                  an
                  Option may not be exercised by tender to the Company of Common
                  Shares
                  unless such shares either have been owned by the Optionee for more
                  than
                  six (6) months or were not acquired, directly or indirectly, from
                  the
                  Company.

              

      

       

       

      
        
          
          

        

        
          Page
            2

          
            

          

        

        
          
          

        

      

      
 

      
        	4.  	
                Restrictions
                  on Exercise.
                  Options may not be exercised if the issuance of the Shares upon
                  such
                  exercise would constitute a violation of any applicable securities
                  or
                  other law or regulation. As a condition to the exercise of an Option,
                  the
                  Company may require Optionee to make any representation and warranty
                  to
                  the Company as may be required by any applicable law or
                  regulation.

              

      

       

      

       

      
        	5.  	
                Termination
                  of Relationship.

              

      

       

      
        	(a)  	
                In
                  the event of (i) the termination by the Company of the services
                  of
                  Optionee as a Director for any reason (whether with or without
                  cause or
                  upon death or disability) or (ii) the termination by Optionee of
                  his or
                  her service agreement with the Company, Optionee may, to the extent
                  Options are vested as of the date of termination as provided in
                  this
                  Agreement, exercise such Options during the “Termination Period” described
                  in the Notice of Grant. Any Options which are not deemed to have
                  vested in
                  accordance with Section 2(a) hereof shall automatically expire
                  and be
                  terminated.

              

      

       

      
        	(b)  	
                If
                  Optionee does not exercise Options within the time specified herein
                  as to
                  any Shares, such Options shall terminate as to such
                  Shares.

              

      

       

      

       

      
        	6.  	
                Corporate
                  Transactions.
                  If
                  there should be any change in the Shares subject to this Option,
                  through
                  merger, amalgamation, scheme of arrangement, consolidation,
                  reorganization, recapitalization, reincorporation, stock split,
                  stock
                  dividend or other change in the capital structure of the Company,
                  the
                  Committee shall make appropriate adjustments in order to preserve,
                  but not
                  to increase, the benefits to Optionee, including adjustments in
                  the number
                  of Shares, kind of shares and price per Share. Any adjustment made
                  pursuant to this Section 6 as a consequence of a change in the
                  capital
                  structure of the Company shall not entitle Optionee to acquire
                  a number of
                  Common Shares or shares of stock of any successor company greater
                  than the
                  number of shares Optionee would receive if, before such change,
                  Optionee
                  had actually held a number of Common Shares equal to the number
                  of shares
                  subject to this option.

              

      

       

      

       

      
        	7.  	
                Non—Transferability
                  of Options.
                  Options may not be transferred in any manner other than by will
                  or by the
                  laws of descent or distribution and may be exercised during the
                  lifetime
                  of Optionee only by the Optionee. The terms of this Agreement shall
                  be
                  binding upon the executors, administrators, heirs, successors and
                  assigns
                  of the Optionee.

              

      

       

      

       

      
        	8.  	
                Term
                  of Options.
                  The Options may be exercised only on or prior to the “Term Expiration
                  Date” set forth in the attached Notice of Grant, and may be exercised
                  during such term only in accordance with the terms and conditions
                  of this
                  Agreement.

              

      

       

      

       

      
        	9.  	
                Tax
                  Consequences. OPTIONEE
                  SHOULD CONSULT HIS OR HER OWN TAX ADVISOR WITH RESPECT TO THE TAX
                  CONSEQUENCES TO OPTIONEE OF RECEIVING OPTIONS, EXERCISING OPTIONS
                  AND
                  DISPOSING OF SHARES BEFORE ACCEPTING THIS GRANT, EXERCISING THE
                  OPTIONS OR
                  DISPOSING OF THE SHARES.

              

      

       

       

      
        
          
          

        

        
          Page
            3

          
            

          

        

        
          
          

        

      

       

       

      
        	10.  	
                Receipt
                  of Equity Incentive Plan.
                  Optionee acknowledges that Optionee has received, read and understood
                  the
                  provisions of the Equity Incentive Plan pursuant to which this
                  Agreement
                  was issued, and agrees to be bound by its terms and
                  conditions.

              

      

       

      

       

      
        	11.  	
                Interpretation.
                  Any dispute regarding the interpretation of this Agreement shall
                  be
                  submitted by Optionee or by the Company forthwith to the Committee
                  (or if
                  no Committee is then in existence, to the Board of the Company),
                  which
                  shall review such dispute at its next regular meeting. The resolution
                  of
                  such a dispute by the Committee (or the Board) shall be final and
                  binding
                  on the Company and on Optionee.

              

      

       

      

       

      
        	12.  	
                Notices.
                  Any notice required or permitted hereunder shall be given in writing
                  and
                  shall be deemed effectively given upon personal delivery or upon
                  deposit
                  in the mail by certified/registered mail, with postage and fees
                  prepaid,
                  addressed to the other party at its address as shown in the attached
                  Notice of Grant, or to such other address as such party may designate
                  in
                  writing from time to time to the other
                  party.

              

      

       

      

       

      
        	13.  	
                Further
                  Instruments.
                  The parties agree to execute such further instruments and to take
                  such
                  further actions as may be reasonably necessary to carry out the
                  purposes
                  and intent of this Agreement.

              

      

       

      

       

      
        	14.  	
                Entire
                  Agreement: Severability.
                  The Equity Incentive Plan and Notice of Grant are incorporated
                  herein by
                  reference. This Agreement, the Equity Incentive Plan and the Notice
                  of
                  Grant constitute the entire agreement of the parties and supersede
                  in
                  their entirety all prior undertakings and agreements of the Company
                  and
                  Optionee with respect to the subject matter hereof. Should any
                  provision
                  of this Agreement be determined by a court of law to be illegal
                  or
                  unenforceable, the other provisions shall nevertheless remain effective
                  and shall remain enforceable.

              

      

       

      

       

      
        	15.  	
                Governing
                  Law.
                  The validity, construction and effect of this Agreement and the
                  Equity
                  Incentive Plan and any rules and regulations relating to the Plan
                  shall be
                  determined in accordance with the laws of the United States of
                  America.

              

      

       

      

       

      IN
        WITNESS WHEREOF,
        the
        parties have caused this Agreement to be executed and delivered as of the
        date
        first above written.

       

       

       

      
        	OPTIONEE:	 	 	ACCESS DEVICES,
                INC.

      

      
        	 	 	 	 
	 	 	
                 

              	By:
	
                

              	 	 	
                
                  

                

              
	
                Signature

              	 	 	 

      

      
        	 	 	 	 

      

      
        	 	 	 	Name: 
	 	 	 	
                
                  

                

              
	Print
                Name:	 	
                 

              	Title:
	
                
                  

                

              	 	 	
                
                  

                

              
	 	 	 	 

      

       

       

       

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