Document:

EXHIBIT
      10.1

     

    CHANGE
      OF CONTROL AND SEVERANCE AGREEMENT BETWEEN THE COMPANY AND FRANK B. MANNING
      DATED AS OF 12/28/06 

    

    This
      agreement is made as of this date of __12/28/2006
      by and
      between Zoom Technologies, Inc. (the “Company”), Zoom Telephonics, Inc.
      (“Zoom”), and Frank B. Manning (“Zoom Executive”). 

    

    This
      agreement specifies the entire agreement between the Company, Zoom and the
      Zoom
      Executive regarding severance pay and acceleration of stock options. This
      agreement supercedes other agreements, if any, between the Company or Zoom
      and
      the named Zoom Executive that relate to severance pay or acceleration of stock
      options.

    

    
      	1.	
              In
                the event of a “change of control” (as defined in Section 4 below) or
                liquidation of the Company, all issued and outstanding stock options
                issued to the Zoom Executive after December 7, 2006 will become
                immediately vested, with the right to be exercised at the grant price
                upon
                change of control. 

            

    

    

    
      	2.	
              The
                Zoom Executive will receive 6 months base salary as severance pay
                if:

            

    

     

    
      	(i)	
              the
                Zoom Executive is terminated without “cause” (as defined in Section 4
                below) within 6 months after a change of control; or
                

            

    

     

    
      	(ii)	
              the
                Zoom Executive’s job responsibilities, reporting status, or compensation
                are materially diminished after change of control (including but
                not
                limited to no longer reporting to as senior an executive position
                of the
                acquiring company) and
                the Zoom Executive leaves the acquiring company within 6 months after
                the
                change of control; or 

            

    

     

    
      	(iii)	
              the
                Company is liquidated.

            

    

    

    
      	3.	
              Zoom
                has the right to terminate the Zoom Executive’s employment “at will”. In
                the event the Zoom Executive’s employment is terminated by Zoom for any
                reason other than for cause, a change of control or liquidation of
                the
                Company, then (i) all outstanding stock options issued to the Zoom
                Executive after December 7, 2006 will become immediately vested and
                will
                be exercisable for up to 30 days after termination; and (ii) Zoom
                will pay
                severance to the Zoom Executive in an amount equal to the greater
                of
                either a) 3 months base salary, or b) a number of weeks of base salary
                equal to the number of full years employed by Zoom divided by
                2.

            

    

    

    
      	4.	
              For
                the purpose of this agreement, “cause” shall mean (i) deliberate
                dishonesty, illegal or unethical behavior or other willful behavior
                detrimental to the best interest of the Company or its subsidiaries;
                (ii)
                conduct by the Zoom Executive constituting an act of moral turpitude;
                (iii) willful disloyalty to the Company or its subsidiaries or refusal
                or
                failure of the Zoom Executive to obey the directions of the
                President or Board of Directors of the Company or its subsidiaries;
                (iv) incompetent performance or substantial or continuing inattention
                to
                or neglect of duties and responsibilities, provided that the Zoom
                Executive will be notified in writing of such deficiencies and given
                a
                period of 60 days to correct them. For purposes hereof, “change of
                control" shall mean: (A) any merger, consolidation, share exchange,
                business combination or other similar transaction in which the
                shareholders of the Company would own less than 50% of the surviving
                entity following the consummation thereof; (B) any sale, lease, exchange,
                transfer or other disposition of 50% or more of the assets of the
                Company
                and its subsidiaries, taken as a whole, in a single transaction or
                series
                of transactions; or (C) the acquisition by a person or entity, or
                any
                “group” (as such term is defined under Section 13(d) of the Securities
                Exchange Act of 1934) of beneficial ownership of 50% or more of the
                Stock
                whether by tender offer, exchange offer or
                otherwise.

            

    

     

    [Signature
      Page Follows on Next Page]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Agreed:

    

     

    
      	 	 	 	 
	/s/
              Frank B. Manning	 	 	/s/
              Peter R. Kramer
	
              
Zoom
              Executive Signature	 	 	
              
Signature
              - President or Executive VP of Zoom and the
              Company
	
            	 	 	
            

    

     

    
      	 	 	 	 
	Frank
              B. Manning	 	 	Peter
              R. Kramer
	
              
Zoom
              Executive Name (print)	 	 	
              
Name
              (print)
	
            	 	 	
            
	12/28/2006	 	 	12/28/2006
	Date	 	 	DateEXHIBIT
      10.2

    

    CHANGE
      OF CONTROL AND SEVERANCE AGREEMENT BETWEEN THE COMPANY AND PETER R. KRAMER
      DATED
      AS OF 12/28/06

    

    This
      agreement is made
      as
      of this date
      of
12/28/2006  by
      and
between 
      as
Zoom
      Technologies, Inc. (the
      “Company”), Zoom
      Telephonics, Inc.
      (“Zoom”),
      and
      Peter R. Kramer.(“Zoom
      Executive”)

     

    This
      agreement specifies the
      entire agreement between the Company, Zoom and the Zoom Executive regarding
      severance pay
      and
      acceleration of stock
      options.
      This agreement supercedes other agreements, if any, between the
      Company or Zoom
      and
      the named Zoom
      Executive
      that
relate
      to
severance
      pay
      or
      acceleration of stock
      options.

    

    
      	1.	
              In
                the event of a “change
                of control” (as
                defined in Section 4 below) or
                liquidation
                of
                the Company,
                all issued and outstanding stock
                options
                issued to the Zoom
                Executive
                after December 7, 2006 will become
                immediately vested,
                with the right to be exercised at the grant price upon change of
                control. 

            

    

     

    
      	2.	
              The
                Zoom
                Executive will receive 6 months base
                salary
                as severance pay
                if:
                

            

    

    

    
      	(i)	
              The
                Zoom Executive is terminated without “cause”
                (as defined in Section 4 below)
                within 6 months after
                a change
                of control; or 

            

    

     

    
      	(ii)	
              the
                Zoom
                Executive’s job responsibilities,reporting
                status,
                or compensation
                are
                materially
                diminished after change of control (including but not limited to
                no longer
                reporting to as senior an executive position of the acquiring company)
                and
                the Zoom
                Executive leaves the acquiring company within 6 months after
                the change
                of control; or 

            

    

     

    
      	(iii)	
              the
                Company
                is
                liquidated.

            

    

    

    
      	3.	
              Zoom
                has the right to terminate the Zoom Executive’s employment “at
                will”.
                In the event Zoom
                Executive’s employment is
                terminated by Zoom for
                any
                reason
                other than for
                cause, a
                change of control
                or
                liquidation of the Company,
                then
                (i) all
                outstanding stock
                options
                issued to
                the Zoom
                Executive after
                December 7, 2006 will become
                immediately vested
                and will be exercisable for
                up
                to 30 days after termination.;
                and (ii) Zoom
                will pay severance
                to
                the Zoom
                Executive in
                an amount equal to the
                greater of either a) 3 months base
                salary,
                or b) a
                number of weeks of base salary equal to the
                number of full years employed by Zoom divided by
                2.

            

    

    

    
      	4.	
              For
                the purpose of this agreement, “cause”
                shall mean (i) deliberate dishonesty, illegal or unethical behavior
                or
                other willful behavior detrimental to the best interest of the
                Company
                or
                its subsidiaries;
                (ii) conduct by the Zoom
                Executive constituting
                an act of moral turpitude; (iii) willful disloyalty to the Company
                or
                its subsidiaries or
                refusal or failure of the Zoom
                Executive to
                obey the directions of the President or Board of
                Directors
                of
                the Company or its subsidiaries;
                (iv) incompetent performance or substantial or continuing inattention
                to
                or neglect of duties and responsibilities, provided that the Zoom
                Executive will
                be notified in writing of such deficiencies and given a period of
                60 days
                to correct them. For
                purposes hereof, “change of control" shall mean: (A) any merger,
                consolidation, share exchange, business combination or other similar
                transaction in which the shareholders of the Company would own less
                than
                50% of the surviving entity following the consummation thereof; (B)
                any
                sale, lease, exchange, transfer or other disposition of 50% or more
                of the
                assets of the Company and its subsidiaries, taken as a whole, in
                a single
                transaction or series of transactions; or (C) the acquisition by
                a person
                or entity, or any “group” (as such term is defined under Section 13(d) of
                the Securities Exchange Act of 1934) of beneficial ownership of 50%
                or
                more of the Stock whether by tender offer, exchange offer or
                otherwise.

            

    

     

    [Signature
      Page Follows on Next Page]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Agreed:

     

    
      	 	 	 	 
	/s/
              Peter R.
              Kramer	 	 	/s/
              Frank B.
              Manning
	
              
Zoom
              Executive
              Signature	 	 	
              
Signature
              - Zoom
              President
              or Executive VP
              of
              Zoom and the Company
	
            	 	 	
            

    

     

    
      	 	 	 	 
	Peter
              R. Kramer	 	 	Frank
              B. Manning
	
              
Zoom
              Executive
              Name (print)	 	 	
              
Name
              (print)
	
            	 	 	
            
	12/28/2006	 	 	12/28/2006
	Date	 	 	Date

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