Document:

Unconditional Guaranty

 Exhibit 10.75 
  

			
	

	 	UNCONDITIONAL GUARANTY

  
 FOR VALUE RECEIVED, and in
order to induce MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC. (“MLBFS”) to advance moneys or extend or continue to extend credit or lease property to or for the benefit of, or modify its credit relationship with, or enter into any
other financial accommodations with ALTIVA CORPORATION, a corporation organized and existing under the laws of the State of Delaware (with any successor in interest, including, without limitation, any successor by merger or by operation of
law, herein collectively referred to as “Customer”) under: (a) that certain WCMA LOAN AND SECURITY AGREEMENT NO. 2BN-07A10, dated as of even date herewith, between MLBFS and Customer (the “Loan Agreement”), (b) any
“Loan Documents”, as that term is defined in the Loan Agreement, including, without limitation, the NOTE(S) incorporated by reference in the Loan Agreement, and (c) all present and future amendments, restatements, supplements and
other evidences of any extensions, increases, renewals, modifications and other changes of or to the Loan Agreement or any Loan Documents (collectively, the “Guaranteed Documents”), and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the undersigned, EXACTECH, INC., a corporation organized and existing under the laws of the State of Florida (“Guarantor”), hereby unconditionally guarantees to MLBFS:
(i) the prompt and full payment when due, by acceleration or otherwise, of all sums now or any time hereafter due from Customer to MLBFS under the Guaranteed Documents, and (ii) the prompt, full and faithful performance and discharge by Customer of
each and every other covenant and warranty of Customer set forth in the Guaranteed Documents, in each case whether now existing or hereafter arising (collectively, the “Obligations”). Guarantor further agrees to pay all reasonable costs
and expenses (including, but not limited to, court costs and reasonable attorneys’ fees) paid or incurred by MLBFS in endeavoring to collect or enforce performance of any of the Obligations, or in enforcing this Guaranty. Guarantor acknowledges
that MLBFS is relying on the execution and delivery of this Guaranty in advancing moneys to or extending or continuing to extend credit to or for the benefit of Customer. The foregoing and any other provision hereof notwithstanding, in no event
shall the aggregate principal amount of the Obligations guaranteed hereunder exceed $6,000,000 and in no event shall MLBFS be permitted to make a demand for payment or performance under this Guaranty on or after October 30, 2008, on which date this
Guaranty shall be deemed to have expired and be of no further force and effect; provided, however that said expiration shall not impair, diminish or otherwise affect any demand made hereunder prior to said expiration date and this
Guaranty shall remain in effect solely for purposes of satisfying said demand until said demand is satisfied as reasonably determined by MLBFS. 
  
 Subject to the limitation of amount and duration set forth above, this Guaranty is absolute, unconditional and continuing and shall remain in effect until all of the
Obligations shall have been fully and indefeasibly paid, performed and discharged. Upon the occurrence and during the continuance of any Event of Default under any of the Guaranteed Documents, any or all of the indebtedness hereby guaranteed then
existing shall, at the option of MLBFS, become immediately due and payable from Guarantor (it being understood, however, that upon the occurrence of any “Bankruptcy Event”, as defined in the Loan Agreement, all such indebtedness shall
automatically become due and payable without action on the part of MLBFS). Notwithstanding the occurrence of any such event, this Guaranty shall continue and remain in full force and effect. To the extent MLBFS receives payment with respect to the
Obligations, and all or any part of such payment is subsequently invalidated, declared to be fraudulent or preferential, set aside, required to be repaid by MLBFS to a trustee, receiver or any other person or entity, whether under any Bankruptcy law
or otherwise (a “Returned Payment”), this Guaranty shall continue to be effective or shall be reinstated, as the case may be, to the extent of such payment or repayment by MLBFS, and the indebtedness or part thereof intended to be
satisfied by such Returned Payment shall be revived and continued in full force and effect as if said Returned Payment had not been made. 
  
 Subject to the limitation of amount and duration set forth above, the liability of Guarantor hereunder shall in no event be affected or impaired by any of the following,
any of which may be done or omitted by MLBFS from time to time, without notice to or the consent of Guarantor: (a) any renewals, amendments, restatements, modifications or supplements of or to any of the Guaranteed Documents, or any extensions,
forbearances, compromises or releases of any of the Obligations or any of MLBFS’ rights under any of the Guaranteed Documents; (b) any acceptance by MLBFS of any collateral or security for, or other guarantees of, any of the Obligations; (c)
any failure, neglect or omission on the part of MLBFS to realize upon or protect any of the Obligations, or any collateral or security therefor, or to exercise any lien upon or right of appropriation of any moneys, credits or property of Customer or
any other guarantor, possessed by or under the control of MLBFS or any of its affiliates, toward the liquidation or reduction of the Obligations; (d) any invalidity, irregularity or unenforceability of all or any part of the Obligations, of any
collateral security for the Obligations, or the Guaranteed Documents; (e) any application of payments or credits by MLBFS; (f) the granting of credit from time to time by MLBFS to Customer in excess of the amount set forth in the Guaranteed
Documents; or (g) any other act of commission or omission of any kind or at any time upon the part of MLBFS or any of its affiliates or any of their respective employees or agents with respect to any matter whatsoever. MLBFS shall not be required at
any time, as a condition of Guarantor’s obligations hereunder, to resort to payment from Customer or other persons or entities whatsoever, or any of their properties or estates, or resort to any collateral or pursue or exhaust any other rights
or remedies whatsoever. 
  
 No release or discharge in whole or in part of any
other guarantor of the Obligations shall release or discharge Guarantor unless and until all of the Obligations shall have been indefeasibly fully paid and discharged. Guarantor expressly waives presentment, protest, demand, notice of dishonor or
default, notice of acceptance of this Guaranty, notice of advancement of funds under the Guaranteed Documents and all other notices and formalities to which Customer or Guarantor might be entitled, by statute or otherwise, and, so long as there are
any Obligations or MLBFS is committed to extend credit to Customer, waives any right to revoke or terminate this Guaranty without the express written consent of MLBFS, subject to the limitation of amount and duration set forth above. 
  
 So long as there are any Obligations, Guarantor shall not have any claim, remedy or right of
subrogation, reimbursement, exoneration, contribution, indemnification, or participation in any claim, right, or remedy of MLBFS against Customer or any security which MLBFS now has or hereafter acquires, whether or not such claim, right or remedy
arises in equity, under contract, by statute, under common law, or otherwise except as contemplated by that certain Intercreditor Agreement (the “Intercreditor Agreement”), dated the date hereof, between MLBFS and Guarantor and by that
certain Securities Purchase Agreement, dated October 29, 2003, between Customer and Guarantor. In the event that (i) the Guarantor has made payment(s) under this Guaranty, (ii) the obligations of MLBFS under the Guaranteed Documents have been fully
and indefeasibly discharged, and (iii) the Guarantor has no remaining Obligations under this Guaranty, then the Guarantor shall be subrogated to the rights of MLBFS with respect to any obligations paid or performed 

  

 
by the Guarantor under this Guaranty and Customer shall reimburse, pay and indemnify Guarantor for all amounts paid by Guarantor in connection with this
Guaranty. 
  
 MLBFS is hereby irrevocably authorized by Guarantor at any time
during the continuance of an Event of Default under the Loan Agreement or any other of the Guaranteed Documents or in respect of any of the Obligations, in its sole discretion and without demand or notice of any kind, to appropriate, hold, set off
and apply toward the payment of any amount due hereunder, in such order of application as MLBFS may elect, all cash, credits, deposits, accounts, financial assets, investment property, securities and any other property of Guarantor which is in
transit to or in the possession, custody or control of MLBFS or Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), or any of their respective agents, bailees or affiliates. Guarantor hereby collaterally assigns and
grants to MLBFS a continuing security interest in all such property as additional security for the Obligations. Upon the occurrence and during the continuance of an Event of Default, MLBFS shall have all rights in such property available to
collateral assignees and secured parties under all applicable laws, including, without limitation, the Uniform Commercial Code. 
  
 Subject to the confidentiality provision set forth below, Guarantor agrees to furnish to MLBFS such financial information concerning Guarantor as may be required by any
of the Guaranteed Documents or as MLBFS may otherwise from time to time reasonably request. Guarantor further hereby irrevocably authorizes MLBFS and each of its affiliates, including without limitation MLPF&S, to at any time (whether or not an
Event of Default shall have occurred) obtain from and disclose to each other any and all financial and other information about Guarantor. 
  
 No delay on the part of MLBFS in the exercise of any right or remedy under any of the Guaranteed Documents, this Guaranty or any other agreement shall operate as a waiver
thereof, and, without limiting the foregoing, no delay in the enforcement of any security interest, and no single or partial exercise by MLBFS of any right or remedy shall preclude any other or further exercise thereof or the exercise of any other
right or remedy. This Guaranty may be executed in any number of counterparts, each of which counterparts, once they are executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one
and the same Guaranty. This Guaranty shall be binding upon Guarantor and its successors and assigns, and shall inure to the benefit of MLBFS and its successors and assigns. If there are more than one guarantor of the Obligations, all of the
obligations and agreements of Guarantor are joint and several with such other guarantors. 
  
 This Guaranty shall be governed by the laws of the State of Illinois. WITHOUT LIMITING THE RIGHT OF MLBFS TO ENFORCE THIS GUARANTY IN ANY JURISDICTION AND VENUE PERMITTED BY APPLICABLE LAW: (I) GUARANTOR AGREES
THAT THIS GUARANTY MAY AT THE OPTION OF MLBFS BE ENFORCED BY MLBFS IN EITHER THE STATE OF ILLINOIS OR IN ANY OTHER JURISDICTION WHERE GUARANTOR MAY BE LOCATED, (II) GUARANTOR IRREVOCABLY SUBMITS ITSELF TO JURISDICTION IN THE STATE OF ILLINOIS AND
VENUE IN ANY STATE OR FEDERAL COURT IN THE COUNTY OF COOK FOR SUCH PURPOSES, AND (III) GUARANTOR WAIVES ANY AND ALL RIGHTS TO CONTEST SAID JURISDICTION AND VENUE AND THE CONVENIENCE OF ANY SUCH FORUM AND ANY AND ALL RIGHTS TO REMOVE SUCH ACTION FROM
STATE TO FEDERAL COURT. GUARANTOR FURTHER WAIVES ANY RIGHTS TO COMMENCE ANY ACTION AGAINST MLBFS IN ANY JURISDICTION EXCEPT IN THE COUNTY OF COOK AND STATE OF ILLINOIS OR SUCH OTHER JURISDICTIONS WHERE MLBFS COMMENCES AN ACTION AGAINST GUARANTOR.
MLBFS AND GUARANTOR HEREBY EACH EXPRESSLY WAIVE ANY AND ALL RIGHTS TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES AGAINST THE OTHER PARTY WITH RESPECT TO ANY MATTER RELATING TO, ARISING OUT OF OR IN ANY
WAY CONNECTED WITH THIS GUARANTY AND/OR ANY OF THE TRANSACTIONS WHICH ARE THE SUBJECT MATTER OF THIS GUARANTY. Wherever possible each provision of this Guaranty shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Guaranty shall be prohibited by or invalid under such law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Guaranty. No modification or waiver of any of the provisions of this Guaranty shall be effective unless in writing and signed by both Guarantor and an officer of MLBFS. Each signatory on behalf of Guarantor warrants that
he or she has authority to sign on behalf of Guarantor, and by so signing, to bind Guarantor hereunder. 
  
 Confidentiality. MLBFS agrees that it will use its commercially reasonable efforts not to disclose without the prior consent of the Guarantor (other than to its employees, auditors, counsel or other
professional advisors who shall be advised of the confidential nature thereof) any information with respect to Guarantor or any Credit Party (as defined in the Loan Agreement) which is furnished pursuant to this Guaranty and identified as
confidential by Guarantor (or is otherwise reasonably apparent to be confidential); provided, that MLBFS may disclose any such information (a) as has become generally available to the public, (b) as may be required in any report, statement or
testimony submitted to any municipal, state or Federal regulatory body having or claiming to have jurisdiction over MLBFS or to the Federal Reserve Board or the Federal Deposit Insurance Corporation or similar organizations (whether in the United
States or elsewhere) or their successors, (c) as may be required or appropriate in response to any summons or subpoena or in connection with any litigation (notice of which will be promptly sent to the Guarantor to the extent permitted by law), and
(d) in order to comply with any law, order, regulation or ruling applicable to MLBFS; provided, that in the event that MLBFS is requested or becomes legally compelled (as described above) to disclose any such confidential information or the fact
that such confidential information has been made available to MLBFS, it is agreed that MLBFS will provide Guarantor with reasonably prompt written notice of such request(s) so that Guarantor may seek a protective order or other appropriate remedy
and/or waive compliance with the provisions set forth in this provision. In the event that such protective order or other remedy is not obtained, or that Guarantor waives compliance with the provisions of this provision, MLBFS agrees that it will
furnish only that portion of such confidential information and other information which MLBFS is advised by counsel is legally required and will exercise reasonable efforts to obtain reliable assurance that confidential treatment will be accorded to
that portion of such confidential information and other information which is being disclosed. The foregoing notwithstanding, in no event shall MLBFS be compelled or otherwise restricted from complying with any legally mandated disclosure if such
delay in disclosure is prohibited in accordance with terms of such mandate. The confidentiality obligations contained in this Guaranty or in any other Loan Document between the parties hereto, as they relate to the Loan, shall not apply to the
federal tax structure or federal tax treatment of the Loans (as defined in the Loan Agreement) and each party hereto (and any employee, affiliate, representative or other agent of either party hereto) may disclose to any and all Persons, without
limitation of any kind, the federal tax structure and federal tax treatment of the Loan and all materials of any kind (including opinions or other tax analysis) that are provided to a party relating to such federal tax structure and federal tax
treatment, provided, further that such disclosure may not be made until the earliest of (x) the date of the public announcement of discussions relating to the Loans, (y) the date of the public announcement of the Loans to be treated as not
having been offered under 

  

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conditions of confidentiality for purposes of Section 1.6011-4(b) (3) (or any successor provision) of the Treasury Regulations promulgated under Section 6011
of the Internal Revenue Code of 1986, as amended, and shall be construed in a manner consistent with such purpose. Subject to the proviso with respect to disclosure in the first sentence of this provision, each party hereto acknowledges that each
party hereto (and any employee, affiliate, representative or other agent of either party hereto) has no proprietary or exclusive rights to the federal tax structure of the Loans or any federal tax matter of federal tax idea related to the Loans.
MLBFS is aware, and MLBFS will advise its representatives who are informed of the matters that are the subject of this Agreement, of the restrictions imposed by the United States securities laws on the purchase or sale of securities by any person
who has received material, non-public information from the issuer of such securities and on the communication of such information to any other person when it is reasonably foreseeable that such other person is likely to purchase or sell such
securities in reliance upon such information. 
  
 [SIGNATURE PAGE
TO FOLLOW] 
  

 3 

 Dated as of June 25, 2004. 
  

									
	 EXACTECH, INC., as Guarantor
	 	 	 	 
					
	 By:
	 	/s/    Joel Phillips	 	 	 	 	 	/s/    David Petty
	 	 	Signature (1)	 	 	 	 	 	Signature (2)
					
	 	 	Joel Phillips	 	 	 	 	 	David Petty
	 	 	Printed Name	 	 	 	 	 	Printed Name
					
	 	 	CFO	 	 	 	 	 	Executive Vice President
	 	 	Title	 	 	 	 	 	Title

  
 Address of Guarantor: 
 2320 NORTH WEST 66TH COURT 
 GAINESVILLE,
FLORIDA 32653 
  

									
	ALTIVA CORPORATION	 	 	 	 
					
	 By:
	 	/s/    James Robson	 	 	 	 	 	/s/    David Grant
	 	 	Signature (1)	 	 	 	 	 	Signature (2)
					
	 	 	James Robson	 	 	 	 	 	David Grant
	 	 	Printed Name	 	 	 	 	 	Printed Name
					
	 	 	 	 	 	 	 	 	CFO
	 	 	Title	 	 	 	 	 	Title

  

 4Retirement Agreement with David D. Hillard, dated April 16, 2004

 Exhibit 10.1 
  
 RETIREMENT AGREEMENT 
  
 This is an agreement between you, David D. Hillard, and us, Fisher Communications, Inc. (“the Company”). This
Agreement is dated for reference purposes April 16, 2004, which is the date we delivered it to you for your consideration. 
  

	1)	Retirement Agreement. Your retirement from the Company is effective July 9, 2004 (the “Retirement Date”). Prior to the Retirement Date, you will
perform such duties as reasonably requested by the Company. After the Retirement Date, you will have no ongoing duties or responsibilities for the Company, but you agree, if requested, to provide limited consultation from time to time during the
2004 calendar year and the first quarter of 2005 as reasonably requested to assure a smooth transition of your responsibilities, including the closing of the Company’s financial statements for the 2004 fiscal year and preparation for the annual
audit of the Company’s financial statements. Such consultation shall be provided at no expense to the Company, with the exception of reasonable out-of-pocket expenses, approved by the Company in advance, incurred by you in the performance of
those duties. 

  

	2)	Compensation. You will be paid your regular salary, less authorized deductions and withholdings, through the Retirement Date, and you will be paid for any accrued,
unused vacation in your final paycheck. 

  

	3)	 Employee Benefit Plans. You, your spouse and your dependents will be eligible to continue participation in our group medical, dental and vision plans
pursuant to COBRA for up to 

  

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eighteen (18) months (or longer if applicable under the COBRA regulations) following your retirement. You will be required to make timely payment of premiums
for which you are responsible. Failure to submit timely payment of premiums will result in cancellation of COBRA coverage. 

  
 Your rights under other employee benefit plans in which you may have participated will be determined in accordance with the written plan documents
governing those plans. 
  

	4)	Supplemental Pension Plan Benefits. Subject to the conditions of the Supplemental Pension Plan, you will be entitled to receive the following benefits:

  

	 	4.1	Benefits Under the Plan. You shall receive such benefits as are provided under the Supplemental Pension Plan as amended and restated effective as of February 12, 2003 (the
Plan”), and as of the Retirement Date, will be deemed to have satisfied all of the conditions necessary to receive a Termination Benefit pursuant to paragraph (2) of the Plan. 

  

	 	4.2	 Termination Benefit. For the purpose of determining the Termination Benefit due to you under the Plan, the Company agrees to credit you with such full and
partial additional years of service so that as of the Retirement Date you will be deemed to have an accrued benefit under the Plan equal to ninety-five percent (95%) of the projected Retirement Benefit to which you would be entitled under paragraph
(1) of the Plan upon retirement after attaining age 65. Payment of the monthly Termination Benefit under the Plan will commence August 1, 2004. The Company will provide you 

  

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with the detailed calculation of your Termination Benefit on or before May 31, 2004 for your review and confirmation. 

  

	 	4.3	Death Benefit. In the event that you die prior to your Retirement Date, your beneficiary shall receive a death benefit under paragraph (3) of the Plan consistent with the
Termination Benefit set forth in subsection 5.2 of this Agreement. 

  

	 	4.4	No Affect. This Agreement will not affect your vested rights, if any, under the Company’s 401(k) Retirement Plan. 

  

	 	4.5	Withholding. FICA taxes will be due and payable on the present value of your Termination Benefit as of the Retirement Date. The Company will withhold the employee portion of
such FICA taxes first from your accrued vacation pay that will be included in your final paycheck and then, if necessary, from your final paycheck or as otherwise agreed by you and the Company. 

  

	5)	 Stock Options. The Company has previously granted to you options to purchase an aggregate of forty thousand three hundred sixty (40,360) shares of the
Company’s common stock (the “Stock Options”), as set forth on the schedule attached to this Agreement as Exhibit A. As of the Retirement Date, Stock Options to acquire nineteen thousand nine hundred fifteen (19,915) shares will be
vested and fully exercisable. On the Retirement Date, all Stock Options that have not previously vested will be deemed vested upon the Retirement Date. You will have three (3) months following the Retirement Date to exercise your vested Stock
Options, unless they expire earlier in accordance with their terms; provided, the Company agrees to request that the Compensation Committee of the Board of Directors 

  

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consider whether to waive such three (3) month exercise period under the authority set forth in paragraph 3(c) of the Fisher Communications Incentive Plans
of 1995 and 2001. 

  

	6)	Release. In consideration of the promises contained in this Agreement, and except as specifically provided in subsection 7.1, the parties agree: 

  

	 	6.1	 On behalf of yourself and anyone claiming through you, you irrevocably and unconditionally release, acquit and forever discharge the Company and/or its parent
corporation, subsidiaries, affiliates, divisions, predecessors, successors and assigns, as well as each’s past and present officers, directors, employees, shareholders, trustees, joint venturers, partners, agents, and anyone claiming through
them (hereinafter “Releasees” collectively), in each’s individual and/or corporate capacities, from any and all claims, liabilities, promises, actions, damages and the like, known or unknown, which you ever had against any of the
Releasees arising out of or relating to your employment with the Company and/or the separation of your employment with the Company, provided that such release shall not preclude you from any indemnification to the extent provided in Article IX of
the Company’s Bylaws applicable to you as an officer of the Company or from any coverage for your acts and omissions as an officer of the Company under any applicable directors and officers liability insurance maintained by the Company. Said
claims include, but are not limited to: (1) employment discrimination (including claims of sex discrimination and/or sexual harassment) and retaliation under Title VII (42 U.S.C.A. 2000e, etc.) and under 42 U.S.C.A. section 1981 and section 1983,
age discrimination under the Age Discrimination in Employment Act (29 U.S.C.A. sections 62 1-634) as amended, under 

  

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the Washington Constitution, and/or any other relevant state statutes or municipal ordinances (except you do not waive rights or claims under the federal Age
Discrimination in Employment Act that may arise after the date this waiver is executed); (2) disputed wages; (3) wrongful discharge and/or breach of any alleged employment contract; and (4) claims based on any tort, such as invasion of privacy,
defamation, fraud and infliction of emotional distress. 

  

	 	6.2	That you shall not bring any legal action against the Releasees for any claim waived and released under this Agreement and that you represent and warrant that no such claims have
been filed to date. You further agree that should you bring any type of administrative or legal action arising out of claims waived under this Agreement, you will bear all legal fees and costs, including those of the other Releasees.

  

	 	6.3	 Without limiting the release set forth in subparagraphs 7.1 and 7.2 above, the matters expressly waived and released herein are not limited to matters which are
known or disclosed, and you hereby waive any and all rights and benefits which you now have, or in the future may have, conferred upon you, by virtue of the provisions of any Washington statute, the effect of which would be to prevent a general
release, such as contemplated by this Agreement, from extending to claims which you do not know or suspect to exist in your favor at the time of executing this Agreement, which if known by you must have materially affected your willingness to
conclude this Agreement. You realize and acknowledge that the factual matters now unknown to you may have given or may hereafter give rise to causes of action, claims, demands, debts, controversies, damages, costs, losses and expenses which are
presently unknown, 

  

 5 

	 	 
unanticipated and unsuspected, and you further agree that this Agreement has been negotiated and agreed upon in light of that realization and that you
nevertheless hereby intend to release, discharge and acquit the Releasees from any such unknown causes of action, claims, demands, debts, controversies, damages, costs, losses and expenses which in any way arise by virtue of the prior acts or
omissions of such parties. 

  

	7)	Return of Property. You represent and warrant that you will return all keys, credit cards, documents, equipment and other material that belongs to the Company on or
before your Retirement Date. 

  

	8)	 Confidentiality. You understand and acknowledge that, in order to properly perform your duties the Company has entrusted you with certain Proprietary
Information that is the result of great effort and expense on the part of the Company, that this Propriety Information is critical to the success of the Company and that the disclosure or use of this Proprietary Information would cause the Company
irreparable harm, and that you, in entering into this Agreement, are fully aware of the Company’s need to protect this Proprietary Information. You therefore agree not to reveal Proprietary Information or trade secrets to any person, firm,
corporation, or entity unless required to do so by a valid subpoena or unless being required to maintain such confidentiality would be in violation of the law. For the purposes of this Agreement, “Proprietary Information” shall be defined
as information, whether disclosed orally or in writing, of any nature in any form, including without limitation all writings, memoranda, copies, reports, papers, surveys, analyses, drawings, letters, computer printouts, computer programs, computer
applications, specifications, customer data, trade secrets, business methods, business processes, business techniques, business plans, data, graphs, 

  

 6 

	 	 
charts, sound recordings and/or pictorial reproductions and other information that is not generally and publicly known, whether in oral, audio, visual,
written or other form. Should you reveal or threaten to reveal this information, the Company shall be entitled to an injunction restraining you from disclosing same, or from rendering any services to any entity to whom said information has been, or
is threatened to be, disclosed. The right to secure an injunction is not exclusive, and the Company may pursue any other remedies it has against you for a breach or threatened breach of this condition, including the recovery of damages from you.
This promise is intended to and will apply in the broadest sense possible to information regarding Company’s business activities, plans, audience and clients and is not intended to be limited solely to matters which might meet the legal
definition of “trade secrets” under Washington law. You further agree to keep the terms of this Agreement confidential. You agree that except as otherwise required by law, you may not disclose to any third party any of the terms of this
Agreement, except your spouse, legal counsel, accountants and tax advisors, all of whom shall be bound by this confidentiality provision. You represent and warrant that you have not already acted inconsistently with the terms of this section.

  

	9)	Mutual Nondisparagement. You agree that you will not disparage, criticize or otherwise malign the reputation of the Company, its parents or affiliates or any of their
officers, directors or employees. The Company, including its officers and directors, agrees that it will not disparage, criticize or otherwise prejudice your reputation. 

  

	10)	 Consideration and Revocation Periods. You agree that you have been advised to consult legal counsel and that you have up to twenty-one (21) calendar
days to consider this 

  

 7 

	 	 
Agreement and you may use as much or as little of that time as you wish. You also have seven (7) calendar days following your execution of this Agreement to
revoke it. You must make any such revocation in writing to the Vice President Human Resources. This Agreement shall not become effective or enforceable until the revocation period has expired. 

  

	11)	Arbitration of Claims. Any claim related to your employment by or separation from the Company, or for breach or for enforcement of any provision of this Agreement
shall be subject to binding arbitration through and according to the applicable rules of the then-current National Rules for the Resolution of Employment Disputes of the American Arbitration Association (“AAA”), or such other mutually
agreeable arbitrator as the parties may select. The arbitrator shall be bound by and shall follow Washington law and evidentiary rules. The decision of the arbitrator shall be final and conclusive, and the parties waive the right to a new trial or
appeal, excepting only for the purpose of enforcing the arbitrator’s decision. The substantially prevailing party will be entitled to recover reasonable attorneys’ fees and costs of bringing or defending the arbitration and any action for
enforcement, the amount of the awards to be determined by the arbitrator and the court. 

  

	12)	Disputes. The laws of the State of Washington will govern the validity and execution of this Agreement and the disposition of any claims related to this Agreement.
Jurisdiction and venue shall be exclusively in state and federal courts in King County, Washington. 

  

	13)	 Assignments. Your rights hereunder shall not be assigned or transferred without the Company’s prior written consent. Any assignment without the
Company’s prior written consent shall be null and void. The Company’s rights and obligations under this 

  

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Agreement will inure to the benefit and be binding upon the Company’s successors and assignees. 

  

	14)	Complete Agreement. This Agreement is the final and complete expression of all agreements between us on all subjects, and supersedes any and all prior oral or written
agreements or understandings between you and the Company concerning the subject matter of this Agreement. You acknowledge that you have had adequate time to review and consider this Agreement and consult with counsel. You acknowledge you are not
signing this Agreement relying on anything not set out here. 

  

					
	 AGREED BY Fisher Communications, Inc.:
	 	 	 	 AGREED BY EMPLOYEE:

			
	/s/    WILLIAM W. KRIPPAEHNE
JR.        	 	 	 	/s/    DAVID D. HILLARD        
	 William W. Krippaehne Jr.
 President & CEO
	 	 	 	David D. Hillard
			
	 Date: 4.16.04
	 	 	 	 Date: 4/16/04

  

 9 

 EXHIBIT A 
  
 Dave Hillard Stock Options 
  

									
	 Date Granted

	  	Shares
Exercisable

	  	Shares Not
Exercisable

	  	Shares Total

	  	Price

	 3/5/1997
	  	2,860	  	—  	  	2,860	  	57.50
	 3/4/1998
	  	2,400	  	—  	  	2,400	  	65.50
	 3/3/1999
	  	2,700	  	—  	  	2,700	  	63.00
	 3/8/2000
	  	4,360	  	1,090	  	5,450	  	59.88
	 2/14/2001
	  	3,570	  	2,380	  	5,950	  	60.00
	 2/13/2002
	  	2,400	  	3,600	  	6,000	  	36.86
	 4/24/2003
	  	1,625	  	4,875	  	6,500	  	46.88
	 2/11/2004
	  	 	  	8,500	  	8,500	  	51.50
	 Total
	  	19,915	  	 	  	40,360

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}]]