Document:

exv10w38

 

EXHIBIT 10.38

EMPLOYMENT AGREEMENT BY AND BETWEEN VIEWCAST CORPORATION AND LAURIE L. LATHAM EFFECTIVE AS OF MARCH
1, 2007

Employment Agreement

This Employment Agreement (this “Agreement”) is made and entered into as of the 1st
day of March 2007 between ViewCast.com, Inc. (the “Employer”), a corporation, and Laurie L. Latham
(the “Executive”), residing at 700 Brook Meadows Court, Southlake, TX 76092. Where not otherwise
defined herein, capitalized terms used herein have the meanings set forth in Section 9.1 of this
Agreement.

     WHEREAS, the Employer wishes to employ the Executive in an executive capacity, as its
President and Chief Operating Officer, and Executive wishes to accept such employment, on the terms
and conditions set forth herein;

     NOW, THEREFORE, in consideration of the mutual promises, benefits and covenants herein
contained, the Employer and Executive hereby agree as follows:

1. Effective Date: Term.

	 	1.1.	 	This Agreement shall be effective as of March 1, 2007 (the “Effective Date”).
	 
	 	1.2.	 	The Employer employs the Executive, and the Executive accepts such employment, for an
eighteen (18) month period commencing on the Effective Date (the “Initial Term”).
	 
	 	1.3.	 	The Term of the Executive’s employment under this Agreement shall be automatically
renewed for additional one-year terms (each a Renewal Term”) upon the expiration of the
Initial Term or any Renewal Term unless the Employer or the Executive delivers to the
other, at least sixty (60) days prior to the expiration of the Initial Term or the then
current Renewal Term, as the case may be, a written notice specifying that the Term of the
Executive’s employment will not be renewed at the end of the Initial Term or such Renewal
Term, as the case may be.

 

 

	 	1.4.	 	This Agreement may be terminated prior to the expiration of the Initial Term or any Renewal
Term as provided in Section 4 of this Agreement.

2. Position and Duties.

          2.1. During the Initial or Renewal Term of this Agreement, the Employer shall employ the
Executive to serve as its Chief Financial Officer and Senior Vice President, Finance and
Administration. The Executive shall perform such executive, administrative and operational duties
customary for executives in such capacity or as may be assigned to the Executive from time to time
by the Board of Directors.

          2.2. Executive agrees to serve the Employer faithfully and to the best of the Executive’s
ability and to devote substantially all of the Executive’s business time, attention and efforts to
the interests and business of the Employer and its Subsidiaries.

          2.3. The Executive agrees at all times to perform all his duties in accordance with applicable
laws, rules and regulations and the policies and procedures of the Employer applicable to senior
executives in effect from time to time.

3. Compensation, Benefits and Expenses.

          3.1 Salary. During the period from the Effective Date through the Term of this
Agreement and except as otherwise provided in this Agreement, the Employer shall pay to Executive
an annual base salary of $14,250.00 per month (the “Base Salary Amount”), in equal installments
pursuant to the Employer’s standard payroll policies and subject to such withholding or deductions
as may be mutually agreed between the Employer and the Executive or required by law.

          3.3 Incentive Compensation. In addition to the salary set forth in Section 3.1,
Executive, at Employer’s discretion, may earn incentive compensation in an amount up to thirty (30)
% of base salary at 100% achievement, increasing in a linear fashion for performance in excess of
100%, with no limit. Incentive compensation is based fifty (50) % on meeting profitability goals
and fifty (50) % on meeting revenue growth targets and such other criteria as determined by the
Board of Directors (see attached Executive Incentive Compensation Plan). Payment of any bonus or
incentive compensation shall be made in accordance with the Employer’s standard or established
payroll policies and shall be subject to such withholding or deductions as may be mutually agreed
between the Employer and the Executive or required by law.

          3.3 Fringe Benefits. During the period of his employment, Executive shall be entitled
to participate in Employer’s plans for the welfare and benefit of its employees available to senior
executive officers generally to the

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extent Executive satisfies the requirements provided in such plans with respect to the
position, tenure, salary, health and other qualifications for participation. Executive will be
entitled to 4 weeks annual vacation; no more than 2 consecutive weeks may be taken at any given
time in each fiscal year. A maximum of 40 hours accrued vacation may be carried over from one year
to the next.

          3.4 Expenses. During the term of this Agreement, the Employer authorizes Executive to
incur reasonable and necessary out-of-pocket business expenses in the course of performing his
duties and rendering services hereunder in accordance with Employer’s policies with respect
thereto, and the Employer shall reimburse Executive for all such expenses, provided (i) such
expenses and the purpose for which they were incurred are in accordance with Employer’s policies,
and (ii) the Executive timely submits to the Employer expense reports and substantiation of the
expenses in accordance with Employer’s policies.

4. Termination.

          4.1. Termination. The Executive’s employment by Employer shall terminate on the
earliest Date of Termination upon the occurrence of one of the following events:

          4.1.1. the Executive’s death;

          4.1.2. the Executive is determined to be “permanently disabled” as defined under the
disability insurance policy covering the Executive;

          4.1.3. termination of Executive by Employer for “Cause”;

          4.1.4. termination of employment by Executive upon written notice to Employer;

          4.1.5. termination of Executive by Employer without cause upon written notice to Executive or
termination by Executive for Good Reason;

          4.1.6. the expiration of this Agreement; or

          4.1.7. a Change of Control of the Employer, if the Executive’s employment hereunder is
terminated by the Employer or its successor (other than pursuant to Section 4.1.3 above) after such
Change of Control.

          4.2. Time of Termination. Executive’s employment with Employer (including all
positions held with Employer or its Subsidiaries or affiliates) shall terminate immediately upon
the Date of Termination without further action by Employer.

     4.3. Effect of Termination of Employment.

     (a) Termination Due to Death. In the event the Executive’s employment is terminated due to
his death, his estate or designated beneficiaries shall be entitled to the following:

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	 	(i)	 	any amounts payable on death pursuant to any plans or policies
of Employer;
	 
	 	(ii)	 	any other amounts due but not yet paid from Employer to
Executive; and

     (b) Termination Due to Disability. In the event the Executive’s employment is terminated due
to his permanent or total disability, Executive or his legal representative shall be entitled to
the following:

	 	(i)	 	any amounts payable on disability pursuant to any plans or
policies of Employer; and
	 
	 	(ii)	 	any other amounts due but not yet paid from Employer to
Executive.

     (c) Termination for Cause. In the event Executive’s employment is terminated by Employer for
Cause, Executive shall receive:

          (i) The equivalent of two (2) weeks Base Salary Amount in effect on the Date of
Termination, payable in accordance with Employer’s standard payroll policies;

          (ii) any
other amounts due but not yet paid from Employer to Executive; and

          (ii) reimbursement for three (3) months of COBRA premiums paid by
Executive.

     (d) Termination Without Cause or for Good Reason. In the event the Executive’s employment is
terminated by Employer without cause (other than by death or disability) or by Executive for Good
Reason, Executive shall be entitled to the following:

	 	(i)	 	an amount equal to the Base Salary Amount in effect on the Date
of Termination for a period of twelve (12) months, payable in accordance with
Employer’s standard payroll periods and policies;
	 
	 	(ii)	 	any other amounts due but not yet paid from Employer to
Executive; and
	 
	 	(iii)	 	reimbursement for six (6) months of COBRA premiums paid by
Executive (Note: the executive has the right to continue COBRA coverage for up
to 18 months).

     (e) Termination upon Change of Control. If Executive’s employment hereunder is terminated by
the Employer or its successor (other than pursuant to Section 4.1.3 above) after such Change of
Control, Executive shall be entitled to an amount equal to the Base Salary Amount in effect on the
Date of Termination for a period of twelve (12) months, payable in accordance with Employer’s
standard payroll periods and policies.

5. Confidentiality.

     5.1. Confidential Information in General. The Executive has and will have access to
and participate in the development of or be acquainted with confidential or proprietary information
and trade secrets related to the business of Employer, its Subsidiaries and affiliates (the
“Companies”), including but not limited to (i) business

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plans, operating plans, marketing plans, bid strategies, bid proposals, financial reports,
operating data, budgets, wage and salary rates, pricing strategies and information, terms of
agreements with suppliers or customers and others, customer lists, formulas, patents, devices,
software programs, reports, correspondence, tapes, discs, tangible property and specifications
owned by or used in Employer’s business, operating strengths and weaknesses of the Companies’
officers, directors, employees, agents, suppliers and customers, (ii) information pertaining to
future developments such as, but not limited to research and development, future marketing,
distribution, delivery or merchandising plans or ideas and potential new distribution for business
locations, and (iii) other tangible and intangible property, which are used in the business and
operation of the Companies but not made publicly available (the “Confidential Information”).

     5.2. Assignment. The Executive hereby assigns to Employer, in consideration of his
employment, all Confidential Information in the possession of Executive at any time during the term
of this Agreement, whether or not made or conceived during working hours, alone or with others,
which relates, directly or indirectly, to businesses or proposed businesses of the Companies, and
Executive agrees that all such Confidential Information shall be the exclusive property of the
Companies. The Executive shall establish and maintain written records of all such Confidential
Information with respect to the inventions or similar intellectual property for the benefits of the
Companies and shall execute and deliver to the Companies any specific assignments or other
documents appropriate to vest title in such Confidential Information in the Companies or to obtain
for the Companies legal protection for such Confidential Information.

     5.3. Non-Disclosure. The Executive shall not disclose, use or make known for his or
another’s benefit any Confidential Information of the Companies or use such Confidential
Information in any way except in the best interests of the Companies in the performance of
Executive’s duties under this Agreement.

     5.4. Continuing Obligations. The obligations of Executive under this Section 5 shall
survive the termination of Executive’s employment and the expiration or termination of this
Agreement for a period of twelve (12) months.

6. Return of Employer’s Property.

     Immediately upon termination of the Executive’s employment with the Employer, the Executive
shall deliver to the Employer all Confidential Information, documents, correspondence, notebooks,
reports, computer programs, names of full-time and part time employees and consultants, and all
other materials and copies thereof (including computer discs and other electronic media) relating
in any way to the business of the Employer in any

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way obtained by the Executive during the periods of this employment with the Employer.
Immediately upon termination of the Executive’s employment with the Employer, the Executive shall
deliver to the Employer all tangible property of Employer in the possession of Executive, including
without limitation, telephones, facsimile machines, computers, leased automobiles and credit cards.
The obligations of Executive under this Section 6 shall survive the termination of Executive’s
employment and the expiration for termination of this Agreement.

7. Non-Competition and Non-Solicitation.

     7.1. Non-Compete. For a period of eighteen (18) months following the termination of
Executive’s employment by Employer (the “Non-competition Period”), the Executive will not, directly
or indirectly, without the written consent of the Board of Directors, own, manage, operate,
control, be employed by, consult with or participate in or be connected with any entity owning or
having financial interest in, whether direct or indirect, a business entity which is in the same
line or lines of business as the Employer or its Subsidiaries. For purposes of this Section 7.1,
each of the following activities, without limitation, shall be deemed to constitute proscribed
activities during the Non-competition Period: to engage in, work with, have an interest in (other
than interests of less than 1% in companies with securities traded on a nationally recognized stock
exchange or interdealer quotation system), advise, consult, manage, operate, lend money to (other
than interests of less than 1% in companies traded on a nationally recognized stock exchange or
interdealer quotation system), guarantee the debts or obligations of, or permit one’s name or any
part thereof to be used in connection with an enterprise or endeavor, either individually, in
partnership or in conjunction with any person or persons, firm, association, company or
corporation, whether as principal, director, agent, shareholder, partner, employee, consultant or
in any other manner whatsoever. For purposes of this Agreement, an “indirect” interest is presumed
to exist if an interest is held by a spouse, parent or child, in addition to any other forms of
indirect or beneficial interest.

     7.2. Non-Solicitation. During the Non-competition Period, the Executive will not,
directly or indirectly, solicit for employment, or advise or recommend any person to employ or
solicit for employment, any person Executive knows to be an employee of the Employer or any of its
Subsidiaries.

     7.3. Continuing Obligations. The obligations of Executive under this Section 7 shall
survive the termination of Executive’s employment and the expiration or termination of this
Agreement throughout the Non-competition Period.

	8.	 	Remedies.

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          8.1. In the event of any breach or threatened breach, the parties to this Agreement may seek
to compel specific performance of the terms of this Agreement through arbitration in accordance
with the provisions of paragraph 9.2 of this Agreement.

     9. Miscellaneous.

          9.1. Certain Definitions.

	 	 	“Cause” shall mean: (i) the Executive is charged with fraud, embezzlement, theft or other
criminal conduct, (ii) dishonesty, disloyalty, insubordination or gross negligence in the
performance of duties, (iii) failure of the Executive to obey the reasonable and lawful orders
of a majority of the Board of Directors of the Employer, which orders were consistent with the
duties of the Executive under this Agreement, after the Executive had been given written notice
of such failure and not less than thirty (30) days to correct the misconduct; (iv) failure to
provide requested information, or (v) any act of fraud or serious moral turpitude.
“Change of Control” shall mean the occurrence of any one of the following events:

	 	(iii)	 	the Board of Directors of Employer approves a plan to sell or dispose of by
merger, consolidation or other transaction all or substantially all of Employer’s
operating assets (on a consolidated basis) or approves a plan of liquidation; or
	 
	 	(iv)	 	the Employer combines with another company and is the surviving corporation but
immediately after the combination, the persons who were the shareholders of the
Employer immediately prior to the combination own 50% or less of all outstanding
securities including vested options granted under the Plan of the combined entity.

	 	 	“Good Reason” shall mean a significant change in the nature and scope of the authority, powers,
functions, benefits or duties attached to the position of Chief Financial Officer of the
Employer as held by Executive as of the Effective Date.
	 
	 	 	“Date of Termination” shall mean:

	 	(iii)	 	if employment terminates because of Executive’s death, the date of death;
	 
	 	(iv)	 	if employment terminates for “Cause”, the latest date specified in Section
4.1.3 of this Agreement;

	 
	 	(v)	 	if employment terminates because of permanent or total disability, the date of
determination that Executive is so disabled as described in Section 4.1.2 of this
Agreement;
	 
	 	(vi)	 	if employment terminates due to expiration of term, the date of
expiration.

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“Subsidiary” shall mean any entity in which Employer, directly or indirectly, owns 50% or more
of the voting securities or otherwise controls the ability to elect a majority of the governing
board.

9.2. Dispute Resolution. Any disputes arising under or in connection with this
Agreement shall be subject to arbitration in accordance with rules and procedures of the
American Arbitration Association (“AAA”) with such changes as the parties may agree. If within
10 days of a request for arbitration, the parties have not agreed on the selection of an
arbitrator willing to serve, either party may request the AAA to appoint an arbitrator who shall
arbitrate the dispute and such appointment and determination shall be binding on the parties.
Neither party may commence any legal action or proceeding under this Agreement, other than to
enforce this provision, except that Employer may seek judicial intervention for the purpose of
obtaining injunctive relief to enforce Executive’s obligations under paragraphs 5, 6, and 7,
which shall specifically survive the termination of this Agreement. Costs of arbitration,
including, without limitation, costs of investigations, fees and expenses of the arbitrator and
attorneys shall be borne by the party incurring same.

9.3. Notices. Any notices under this Agreement shall be in writing and shall be given
by personal delivery, by local courier service, by certified or registered letter, return
receipt requested, or by a nationally recognized overnight delivery service; and shall be deemed
given when delivered in person or by local courier or upon actual receipt of the facsimile or
certified or registered letter, or on the business day next following delivery to a nationally
recognized overnight delivery service at the addresses set forth below of this Agreement or to
such other address or addresses as either perty shall have specified in writing to the other
party hereto.

If to the Employer:

ViewCast.com, Inc.

3701 West Plano Parkway, Suite 300

Plano, TX 75075

If to Executive:

Laurie Latham

700 Brook Meadows Court

Southlake, TX 76092

9.4. GOVERNING LAW. ALL QUESTIONS PERTAINING TO THE VALIDITY, CONSTRUCTION, EXECUTION
AND PERFORMANCE OF THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND BE GOVERNED BY, THE
LAWS OF THE STATE OF TEXAS.

9.5. Entire Agreement; Amendment or Modification. This Agreement constitutes the entire
agreement of the parties hereto with respect to the matters contained herein. No modification
or amendment of any of the

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provisions of such agreements shall be effective unless in writing and signed by the Executive
and Employer. No failure to exercise any right or remedy hereunder shall operate as a waiver
thereof. No term or condition of this Agreement shall be deemed to have been waived, nor shall
a party be estopped from enforcing any provision of this Agreement, except by a statement in
writing signed by the Executive or Employer, whichever party against whom such waiver or
estoppel is sought. If any provision of this Agreement is found to be unreasonably broad, it
shall nevertheless be enforceable to the extent reasonably necessary to protect the Employer and
to the greatest extent permitted by law. If any provision of this Agreement is determined to be
invalid or unenforceable, such provision shall be reformed to the extent necessary to make it
valid or enforceable and to carry out the interest of the parties, or if such information is not
possible, the remaining provisions of this Agreement shall continue in full force and effect.

9.6. Binding Nature. This Agreement shall be binding upon and insure to the benefit of
the parties and their respective successors, heirs (in the case of the Executive) and permitted
assigns.

9.7. Survival. The Executive’s obligations under Sections 5, 6, 7 and 8 will survive
the termination of Executive’s employment and the termination or expiration of this Agreement.
The Employer’s obligations under this Agreement will survive the termination of Executive’s
employment and the termination or expiration of this Agreement until paid in full.

9.8. Headings. The paragraph and subparagraph headings contained in this Agreement are
for reference purposes only and shall not affect the construction or interpretation of this
Agreement.

9.9. Counterparts. This Agreement may be executed in several counterparts, and all
counterparts so executed shall constitute one agreement, binding on the parties hereto,
notwithstanding that both parties are not signatory to the original or the same counterpart.

10. Successors and Assigns. The rights and obligations of the parties hereto shall
inure to the benefit of and shall be binding upon successors and assigns of Employer.

11. Further Assurances. Executive shall cooperate and take such action as may be
reasonably requested by Employer in order to carry out the provisions and purposes of this
Agreement. Specifically, Executive certifies that he is in compliance with the Immigration Reform
and Control Act of 1986 (the “Act”) and that he is legally entitled to work in the United States.
Executive also agrees to execute the Employment Verification Form I-9 as required by the Act and
also agrees to execute the Employee Proprietary Information Agreement in the form attached hereto
as Exhibit “A”.

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above
written, but to be effective for all purposes as of the Effective Date.

	 	 	 	 	 	 
	 	VIEWCAST.COM, INC.

 	 
	 	By:  	/s/ George Platt
 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 					 

	 	 	 	 	 	 
	 	 	 	 
	 	By:  	     /s/ John W. Slocum, Jr.
 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 					 

	 	 	 	 	 	 
	 	EXECUTIVE

 	 	 
	 	By:  	/s/ Laurie L. Latham
 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 					 

10exv10w39

 

EXHIBIT 10.39

ViewCast Corporation

2007 Executive Incentive Compensation Plan

Laurie Latham

Annual salary: $171,000

This Plan consists of two components:

1. A quarterly bonus opportunity of up to 15% of your base salary, based on achieving quarterly
revenue and profit goals

2. An annual bonus opportunity of up to 15% of your base salary, paid based on achieving annual
revenue and profit goals

Quarterly Component

Revenue

For each quarter in which 100% of the revenue goal for that quarter is reached you will be paid
7.5% of your quarterly base salary. No payment will be made for performance of less than 100% of
the goal. Payments will increase in a linear fashion for performance above 100%, with no cap.

Profit

For each quarter in which 100% of the profit goal for that quarter is reached you will be paid 7.5%
of your quarterly base salary. No payment will be made for performance of less than 100% of the
goal. Payments will increase in a linear fashion for performance above 100%, with no cap.

Exception: For Q2, a minimum profit of $100k is required before a profitability payment will be
made.

Annual Component

Revenue

You will be paid a bonus of 7.5% of your annual base salary for achieving 100% of the annual
revenue goal. No payment will be made for performance of less than 100% of the goal. Payments
will increase in a linear fashion for performance above 100%, with no cap.

Profit

You will be paid a bonus of 7.5% of your annual base salary for achieving 100% of the annual profit
goal. No payment will be made for performance of less than 100% of the goal. Payments will
increase in a linear fashion for performance above 100%, with no cap.

     Example:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Q1	 	 	Q2	 	 	Q3	 	 	Q4	 	 	Total	 
	Plan
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revenue
	 	 	4,625,000	 	 	 	5,225,000	 	 	 	6,100,000	 	 	 	7,020,000	 	 	 	22,970,000	 
	Profit
	 	 	159,834	 	 	 	-58,157	 	 	 	354,300	 	 	 	771,771	 	 	 	1,227,748	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Actual
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revenue
	 	 	4,700,000	 	 	 	5,300,000	 	 	 	6,000,000	 	 	 	7,500,000	 	 	 	23,500,000	 
	Profit
	 	 	175,000	 	 	 	0	 	 	 	355,000	 	 	 	850,000	 	 	 	1,380,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	% of Plan Achieved
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revenue
	 	 	101.6	%	 	 	101.4	%	 	 	98.4	%	 	 	106.8	%	 	 	102.3	%
	Profit
	 	 	109.5	%	 	 	0.0	%	 	 	100.2	%	 	 	110.1	%	 	 	112.4	%

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Q1	 	 	Q2	 	 	Q3	 	 	Q4	 	 	Total	 
	Quarterly Bonus
Potential at 100%
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revenue
	 	 	3,206.25	 	 	 	3,206.25	 	 	 	3,206.25	 	 	 	3,206.25	 	 	 	12,825	 
	Profit
	 	 	3,206.25	 	 	 	3,206.25	 	 	 	3,206.25	 	 	 	3,206.25	 	 	 	12,825	 
	Total
	 	 	6,412.50	 	 	 	6,412.50	 	 	 	6,412.50	 	 	 	6,412.50	 	 	 	25,650	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Quarterly Bonus Earned
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revenue
	 	 	3,258.24	 	 	 	3,252.27	 	 	 	0.00	 	 	 	3,425.48	 	 	 	9,936.00	 
	Profit
	 	 	3,510.48	 	 	 	0.00	 	 	 	3,212.58	 	 	 	3,531.25	 	 	 	10,254.31	 
	Total
	 	 	6,768.72	 	 	 	3,252.27	 	 	 	3,212.58	 	 	 	6,956.73	 	 	 	20,190.30	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Annual Bonus
Potential at 100%
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revenue
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	12,825.00	 
	Profit
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	12,825.00	 
	Total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	25,650.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Annual Bonus Earned
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revenue
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	13,120.92	 
	Profit
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	14,415.42	 
	Total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	27,536.34	 

Quarterly bonus payments will be made in the quarter following the quarter in which they are
earned. Annual bonus payments will be made within 60 days following the end of the year in which
they are earned. You must be actively employed by ViewCast on the date of payment to receive
payment.

Agreement and Acknowledgement of Receipt

VIEWCAST.COM, INC.

	 	 	 	 	 
	 	By: /s/ George Platt	 
	 	 	 

EXECUTIVE

I , Laurie L. Latham, hereby acknowledge receipt of my 2007 Incentive Compensation Plan.

	 	 	 	 	 
	/s/ Laurie L. Latham	 
	 	March 7, 2007
	 

	     Signature		 	Date	 

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