Document:

Unassociated Document

    

    Exhibit
10.1

    

    

    

    

     
May 20, 2009

    

    
       
Jeffrey
D. Hoffman

    

    
       
Chief
Executive Officer

    

    
       
Enable
Holdings, Inc.

    

    
       
8725 West
Higgins Road, Suite 900

    

    
       
Chicago,
IL 60631

    

    

    
      	
               
      

            	
              Re:

            	
              Capstone Investments
      Advisory Agreement

            

    

    

    

    Dear Mr.
Hoffman:

    

    This letter agreement (this
“Agreement”) will confirm the arrangements under which CapStone Investments
(“CapStone”) is authorized to act as placement agent (“Agent” or “Agency”)
for Enable Holdings, Inc.,
an entity formed under the laws of Delaware, and its affiliates and
subsidiaries (“ENAB”) in connection with a proposed offering of debt
and/or  equity securities of ENAB (the “Securities”).  The
terms of the offering will be set forth in a separate term sheet upon completion
of due diligence. The terms of this letter will expire at 5:00 p.m. on Friday, May 22,
2009, unless fully executed by duly authorized representatives of both
parties.

    

    The
services provided by CapStone are separated into the following basic areas:
advisory and deal financing.  A description of CapStone’s functions
and activities in each of these areas and the applicable compensation to
CapStone are described as follows:

    

    Advisory/Disclosure

     

    ENAB agrees to provide the Agent with
certain information which may also include confidential informational, including
up-to-date financial data on its operations. This information shall be furnished
in a timely manner and shall be complete and accurate to the best of ENAB’s
knowledge. ENAB authorizes the Agent to commence such due diligence
investigations which in the Agent’s reasonable good faith judgment would be
required to verify ENAB’s ability to complete the transactions, make the
required representations, perform its obligations under the proposed covenants
and cause the projected payments to be made under the terms of the Securities.
ENAB and its management will allow the entities set forth on Exhibit A the
opportunity to ask ENAB questions concerning the operations and financial
statements of ENAB. ENAB will also represent and warrant that the information
provided by ENAB and the Offering Materials do not contain any untrue statement
of a material fact or omit to state a material fact required to be stated or
necessary to make any statement not misleading.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The Agent
will: (a) review the due diligence files prepared by ENAB, its counsel and/or
other 3rd parties
for the transaction, including any and all required opinion letters; (b) provide
ENAB with a commercially reasonable due diligence checklist to assist in the
preparation of the required due diligence files; (c) make comments where
appropriate and may request additional documentation and, (d) provide other
advisory services upon written request.

     

    It is
recognized and understood that there is no assurance that the Agent’s due
diligence review process will confirm that ENAB should, in the Agent’s judgment,
proceed with the proposal. If the Agent decides not to proceed with the proposal
based on its due diligence review, it will discuss those factors supporting this
conclusion. Before a negative conclusion is arrived at, the Agent will discuss
its concerns with ENAB to determine if the proposal can be modified or adjusted
in order to allow the Agent to proceed with this engagement. If the Agent or
ENAB determines not to proceed with the proposal, than this Agreement will
automatically terminate and ENAB and the Agent have no further obligations
hereunder.

    

    Should
ENAB elect to engage CapStone and in order to begin the Due Diligence portion of
this engagement, please execute this Agreement and remit non refundable retainer
fees in the amount of TEN THOUSAND DOLLARS ($10,000) due and payable by wire
transfer according to the wire transfer instructions below.  Also,
please send a signed original to Scott O’Sullivan, CapStone Investments, 12760
High Bluff Drive, San Diego, California 92130.

    

    Deal
Financing

    

    Depending
on the type of financing facility finally agreed to, ENAB and/or the investor(s)
will prepare or have prepared all necessary offering, transaction, and/or loan
documents. This transaction may consist of a single or multiple tranches and may
have one or more closing dates.

    

    Fees

    

    As
compensation for the services of CapStone hereunder, ENAB shall pay to CapStone
the following cash fees pursuant to the following wire transfer
instructions:

    

    •           Capstone
shall receive a cash fee equal to seven percent (7%) of the total cash invested
in any form of equity or equity-linked financing.

    

    •           Capstone
shall receive a cash fee equal to four percent (4%) of the maximum possible
drawdown amount of any debt or debt-related financing

    

    •           Capstone
shall receive a cash fee equal to two and one half percent (2.5%) of the total
cash consideration or transaction amount of any form of debt repurchase or
restructuring.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    In
addition to the cash fees set forth above, ENAB shall also issue the following
to CapStone as additional compensation under the terms of this
Agreement:

    

    •           ENAB
shall issue to Capstone a warrant to purchase common shares of ENAB common stock
equal to seven percent (7%) of the maximum number of shares that could be issued
pursuant to any financing, including investor warrants or, in the absence of any
equity-linked issuance, seven percent (7%) of the maximum amount of cash that
could be received under the financing divided by the closing price of ENAB’s
common stock per a reputable information resource (i.e.: Bloomberg) on the day
the financing is closed.  This warrant will have an exercise price
equal to the minimum exercise price of any warrants received by investors in
such Financing or in the absence of any warrant issuance, the closing price for
the common stock of ENAB on the day of the closing of the
financing.

    

    All cash
fees will be due and payable at Closing and shall be a condition of
Closing.  All shares and warrants shall be issued at Closing and shall
be a condition of Closing.

    

    Retention

    

    ENAB
hereby retains CapStone, and CapStone agrees to act, in accordance with the
provisions of this paragraph, as an exclusive representative and exclusive
placement agent in connection with the private issuance or sale of the
Securities during the term of this Agreement.  Capstone from time to time will present
to ENAB a limited number of Potential Investor names whom Capstone believes
might be interested in investing in ENAB and if ENAB approves the name, such
names will be added into the Exhibit A.  In connection with
this engagement, CapStone’s services may include, upon ENAB’s request, (i)
assistance in preparation materials (which may include a private offering
memorandum or institutional group selling document) describing ENAB, its
business, operations, assets and prospects (the “Offering Materials”) and (ii)
identifying and contacting potential purchasers of the Securities. ENAB will
remain the sole owner of all Offering Materials, including, without limitation,
all project related information, all contracts, revised or otherwise, all legal
opinions and/or documents, and all other materials associated with the
project.  Notwithstanding the forgoing, CapStone agrees that ENAB may
continue to pursue its efforts to raise equity capital from retail investors
including those listed on Exhibit B.  In addition, CapStone agrees to
reduce its fees by 50% for any investments made by Victory Park and its related
funds.

    

    CapStone
acknowledges and agrees that ENAB shall retain the sole and exclusive right to
accept or reject any proposed sale of Securities and ENAB shall not incur any
liability to CapStone for such rejection.  ENAB may terminate the
offer and sale of the Securities at any time in its sole
discretion.

    

    ENAB
understands that CapStone will be acting as the exclusive Agent of ENAB in the
offering and sale of the Securities and acknowledges and agrees that, in
connection therewith, CapStone will use its “best efforts” to place the
Securities. ENAB expressly acknowledges and agrees that CapStone’s obligations
hereunder are not on a firm commitment basis and that the execution of this
Agreement does not constitute a commitment by CapStone to purchase the
Securities and does not ensure the successful placement of the Securities or any
portion thereof.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Additional Terms and
Conditions

    

    Term.  CapStone
will, on a “best
efforts” basis through its registered personnel or through separate
registered broker-dealers, arrange for the Private Offering within 180 days
following the completion and approval of the pricing of the Securities or the
completion of the transaction documents (“Term”).

    

    If a
Letter of Intent or Term Sheet is signed or funds placed into escrow relating to
an offering of securities of ENAB during the Term or within eighteen (18) months
of the termination of this Agreement with or by a third party with whom ENAB has
any discussions as a result of an introduction by CapStone, then CapStone’s fee
will be due and payable as provided herein. CapStone shall advise ENAB of the
parties who CapStone is approaching on a monthly basis.

    

    Escrow.  It
is agreed and understood that CapStone will require that an escrow agent or
investment fund hold the investor proceeds and that the escrow agent or fund
manager holding the investor proceeds available for distribution to the issuer
shall, at closing, wire transfer directly to CapStone and any other placement
Agent any cash fee due on the funds raised.

    

    Information.  During
the course of the Term of this Agreement, ENAB agrees to furnish CapStone with
such information about ENAB as CapStone may commercially reasonably request,
including information to be included in a private offering memorandum, offering
circular or other disclosure document (“Company Information”). ENAB represents
and warrants to CapStone that all Company Information will be accurate and
complete in all material respects and will not contain any untrue statements of
a material fact or omit to state a material fact necessary to make the
statements contained therein, in light of the circumstances under which such
statements are made, not misleading, in each case at the time such information
is furnished. ENAB agrees to advise CapStone during the period of the engagement
of all developments materially affecting ENAB or the accuracy of the Company
Information previously furnished to CapStone and the entities set forth on
Exhibit A attached hereto. In addition, any representations and warranties made
by ENAB to the entities set forth on Exhibit A attached hereto pursuant to the
transactions contemplated hereby shall be deemed to be incorporated into this
Agreement and any opinions delivered by or on behalf of ENAB to the entities set
forth on Exhibit A attached hereto shall expressly provide that CapStone may
rely upon such opinions. ENAB acknowledges and confirms that CapStone may rely
upon such opinions, if applicable.  ENAB acknowledges and confirms
that CapStone (i) will be relying solely on such information and other
information available from generally recognized public sources in performing the
services contemplated hereunder, (ii) will not independently verify the accuracy
or completeness of such information, (iii) does not assume responsibility for
the accuracy or completeness thereof, and (iv) will make appropriate disclaimers
consistent with the foregoing and their affiliates may share with each other,
any information related to ENAB or ENAB’s affiliates (including information
relating to creditworthiness), provided that CapStone take all necessary actions
as defined in the Non-Disclosure Agreement executed by the parties on January
15, 2009 to protect such confidential information.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Other Fees and
Expenses.  ENAB will, if applicable, endeavor in good faith, in
cooperation with CapStone and its counsel, to qualify, to the extent applicable
and/or required by applicable law, the sale of the Securities for offer and sale
under the applicable securities of such jurisdictions as CapStone may
commercially reasonably designate, and ENAB will use its best efforts to
maintain such qualifications in effect for as long as may be required for the
distribution of the Securities.  In each jurisdiction where the
Securities shall have been qualified as above provided, ENAB will make and file
such statements and reports in each year as are or may be required by the laws
of such jurisdiction.

    

    In
addition, ENAB shall be responsible for all commercially reasonable fees,
charges, expenses and disbursements relating to the offering, including, without
limitation, all commercially reasonable fees, charges, expenses and
disbursements in connection with (i) the preparation (including but not limited
to reasonable attorneys’ fees, reasonable accountants’ fees, and other
reasonable related consultants’ fees), printing, filing, distribution and
mailing of any offering, transaction, or loan documents and any supplement and
amendment thereto and all other documents relating to the offering and the
purchase, sale and delivery of the Securities, including the cost of all copies
thereof; (ii) the issuance, sale, transfer and delivery of the Securities,
including any transfer of other taxes payable thereon and the fees of any
transfer agent or registrar; and (iii) the registration or qualification of the
Securities for offer and sale under the securities laws of such states and other
jurisdictions as may be required (including, without limitation, all filing and
registration fees and disbursements). Any third party cost or expense incurred
by CapStone exceeding five thousand dollars ($5,000) will be submitted in
writing to ENAB by CapStone for pre-approval, which shall not be unreasonably
withheld. It is understood that the total third party cost and expenses incurred
by CapStone are not expected to exceed $50,000.  ENAB understands and
agrees that any investor may require that its attorneys’ fees and expenses also
be paid by ENAB or from the proceeds of the financing.

    

    Indemnification.  ENAB
agrees to indemnify CapStone and its affiliates and each person in control of
CapStone and its affiliates and their respective officers, directors, employees,
agents and representatives and their respective affiliates and control persons
(collectively, the “CapStone Indemnified”), arising out of or based upon any
untrue statement of any material fact contained in the Offering Materials or
confidential information or the omission or alleged omission to state therein a
material fact to be stated therein or necessary to make the statements therein
in the light of the circumstances under which they are made, not misleading;
provided, however, that ENAB shall not be liable in any such case to the extent
that any such loss, claim, damage, liability, or action arises out of, or is
based upon, an untrue statement or alleged untrue statement or omission or
alleged omission made therein upon, and conformity with, information relating to
any CapStone Indemnified party furnished to ENAB by any CapStone Indemnified
party specifically for the use in the preparation thereof; provided, further,
that no such indemnity shall be provided against negligent acts of, or willful
conduct by, the CapStone Indemnified.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    CapStone
agrees to indemnify ENAB and its affiliates and each person in control of ENAB
and its affiliates and their respective officers, directors, employees, agents
and representatives and their respective affiliates and control persons arising
out of or based upon any information relating to such indemnifying party
furnished to ENAB in writing by such indemnifying party specifically for use in
the preparation of the Offering Materials or confidential information, if such
information constituted an untrue statement or alleged untrue statement of any
material fact therein or the omission or alleged omission to state therein a
material fact required to be therein or necessary to make the statements
therein, in the light of the circumstances under which they are made, not
misleading; provided, however, that no such indemnity shall be provided against
negligent acts of, or willful conduct by, such parties otherwise entitled to
indemnification herein.  CapStone’s liability shall be limited to the
amount of fees it receives as a result of this engagement.

    

    Other
Services.  ENAB acknowledges and agrees that CapStone and/or
its affiliates may be requested by ENAB to provide additional services with
respect to ENAB or other matters contemplated hereby. Any such services will be
set out in and governed by a separate agreement(s) (containing terms relating,
without limitation, to services, fees and indemnification) in form and substance
satisfactory to ENAB and CapStone (or any such affiliate). Nothing in this
Agreement is intended to obligate or commit CapStone or any of its affiliates to
provide any services or financing other than as set out herein.

    

    No Shareholder
Rights. ENAB acknowledges and agrees that CapStone has been retained only
by ENAB and that ENAB’s engagement of CapStone is not deemed to be on behalf of
and is not intended to confer rights upon any shareholder, owner or partner of
ENAB or CapStone or any other person not a party hereto. Unless otherwise
expressly agreed, no person or entity other than ENAB is authorized to rely upon
ENAB’s engagement of CapStone or any statements, advice, opinions, or conduct by
CapStone.

    

    Successors and
Assigns.  This engagement agreement is binding on all
successors and assigns. However, it shall not be assigned without the prior
written consent of the other party. This agreement shall be construed in
accordance with and enforceable under the laws of the State of
California.

    

    Governing Law. This
Agreement constitutes the entire agreement between ENAB and CapStone, and
supersedes all other prior agreements and understandings, other written and
oral, between the parties hereto with respect to the subject matter hereof and
cannot be amended or otherwise modified except in writing executed by the
parties hereof.  Any dispute arising from the interpretation, validity
or performance of this Agreement or any of its terms and provisions shall be
submitted to arbitration in Los Angeles County, California.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Miscellaneous.  This
Agreement may be executed in two or more counterparts, including electronically
transmitted counterparts, all of which together shall be considered a single
instrument.  The term “affiliate” as used herein shall have the
meaning ascribed to such term in the rules and regulations promulgated under the
Securities Exchange Act of 1934, as amended.

    

    *****************************

    

    We are
delighted to accept this engagement and look forward to working with you on this
assignment.  Please confirm that the foregoing is in accordance with
your understanding by signing and returning to us the enclosed duplicate of this
letter.

    

    Very
truly yours,

    

    CapStone
Investments

    

    By:
___/s/ Jason
Diamond___ __________

    Jason
Diamond

    Principal

    

    

    AGREED
AND ACCEPTED:

    

    Enable
Holdings, Inc.

    

    By:
_/s/ Jeffrey D.
Hoffman_____________                     Dated:  May 20,
2009

    Jeffrey D. Hoffman.

    Chief
Executive OfficerUnassociated Document

    

    

     

    

    

    EXHIBIT
10.1

    

    

    

    TRANSWITCH
CORPORATION

    Non-Employee
Director

    Restricted
Stock Unit Award Agreement

    

    [____________]
(the “Grantee”) was awarded [____________]
of Restricted Stock
Units

    

    
      	
              Grant
      Date: [INSERT DATE]

            	
              Restriction
      Lapse Dates:  See Section 4 below

            
	 
      	 
      

    

    Restricted
Stock Unit Award Agreement (the “Award Agreement”) pursuant to
the TranSwitch Corporation (the “Company”) 2008 Equity Incentive Plan as it may
be amended from time to time (the “Plan”).

     

    W I T N E S S E T
H:

     

    WHEREAS,
the Company and the Grantee desire to enter into an agreement whereby the
Company will grant the Grantee Restricted Stock Units (“RSUs”) in respect of the
Company’s Common Stock, $.001 par value per share (the “Common Stock”).

     

    NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Company and the Grantee agree as
follows:

    1.           Grant of
RSUs.  Pursuant to the terms and conditions of this Award
Agreement and the Plan (which is incorporated herein by reference), the Company
hereby grants to the Grantee the number of RSUs as provided
above.  The shares of Common Stock covered by these RSU’s are
sometimes hereinafter referred to as the “RSU Shares.” The number and class of
securities and vesting schedule of the RSUs are subject to adjustment as set
forth herein and in the Plan.  In the event of a conflict between the
terms and conditions of the Plan and this Award Agreement, the terms and
conditions of the Plan shall prevail.  Capitalized terms used herein
and not otherwise defined shall have the meanings set forth in the
Plan.

     

    2.           Restricted
Stock Units.  Each RSU entitles the Grantee to receive from the
Company (i) one share of Common Stock at the Vesting Date (as defined below) and
(ii) the right to receive notional dividend equivalents, if any, each in
accordance with the terms of this Award Agreement and the Plan.  As
soon as practical after the Vesting Date, the Company shall in its sole
discretion either (i) deliver a certificate or certificates representing the RSU
Shares or (ii) issue the RSU Shares in book entry form, registered in the name
of the Grantee.

    

    3.           Dividend
Equivalents.  Until the Vesting Date, whenever dividends are
paid or distributed with respect to the Common Stock, the Grantee shall be
entitled to receive notional dividend equivalents (the “Dividend Equivalents”) in an
amount equal in value to the amount of the dividend or property distributed on a
single share of Common Stock. multiplied by the number of RSUs credited to the
Grantee’s account as of the record date for such dividend or distribution.  Payment of
the notional dividend equivalents paid on RSUs will be withheld by the Company
and shall be delivered to the Grantee as of the Vesting Date, if and only to the
extent that the RSUs have vested as of said date, as set forth in paragraph
4.  

    

    4.           Vesting.  The
RSUs granted under this Award Agreement shall vest as follows: [______] (the
“Vesting Period”),
subject to the Grantee remaining as a member of the Board of Directors of the
Company through the applicable date.

    

    5.           Nontransferability.  The
RSUs granted pursuant to this Award Agreement may not be transferred without the
consent of the Company, other than by will or the laws of descent and
distribution.

    

    6.           No Rights
Other Than Those Expressly Created.  Neither this
Award Agreement, the RSUs, nor any action taken hereunder shall be construed as
(i) giving the Grantee any right to be retained as a Director of, or continue to
be affiliated with, the Company, (ii) giving the Grantee any equity or interest
of any kind in any assets of the Company, or (iii) creating a trust of any kind
or a fiduciary relationship of any kind between the Grantee and the
Company.  As to any claim for any unpaid amounts or distributions
under this Award Agreement, any person having a claim for payments shall be an
unsecured creditor. The Grantee shall not have any of the rights of a
stockholder with respect to any RSU Shares or any Dividend Equivalents until
such time as the underlying RSU has been vested and the RSU Shares have been
issued.

    

    7.           Compliance
with Laws.

    

    (a)           Withholding of Taxes.
Pursuant to applicable federal, state, local or foreign laws, the Company may be
required to collect or withhold income or other taxes from Grantee upon the
Vesting Date or at some other time. The Company may require, upon the Vesting
Date, or demand, at such other time as it may consider appropriate, that the
Grantee pay the Company the amount of any taxes which the Company may determine
is required to be collected or withheld, and the Grantee shall comply with the
requirement or demand of the Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (b)           Securities Law
Compliance. Upon vesting (or partial vesting) of the RSUs granted
hereunder, the Grantee shall make such representations and furnish such
information as may, in the opinion of counsel for the Company, be appropriate to
permit the Company to issue or transfer the RSU Shares in compliance with the
provisions of applicable federal or state securities laws. The Company, in its
discretion, may postpone the issuance and delivery of RSU Shares until
completion of such registration or other qualification of such shares under any
federal or state laws, or stock exchange listing, as the Company may consider
appropriate. In addition, the Company may require that prior to the issuance or
transfer of RSU Shares, the Grantee enter into a written agreement to comply
with any restrictions on subsequent disposition that the Company deems necessary
or advisable under any applicable federal and state securities laws.
Certificates of Stock issued hereunder may be legended to reflect such
restrictions.

     

    (c)           General. No RSU
Shares shall be issued or Dividend Equivalents distributed upon vesting of an
RSU granted hereunder unless and until the Company is satisfied, in its sole
discretion, that there has been compliance with all legal requirements
applicable to the issuance of such RSU Shares and/or distribution of such
Dividend Equivalents.

    

    8.           Miscellaneous.

     

     (a)           409A
Compliance.  The Company may, in its sole and absolute
discretion, delay payments hereunder or make such other modifications with
respect to the issuance of stock hereunder as it reasonably deems necessary to
comply with Section 409A of the Code and interpretative guidance
thereunder.

     

    (b)           Discretion of the
Committee. Unless otherwise explicitly provided herein, the Board of
Directors of the Company, or an authorized committee thereof, shall make all
determinations required to be made hereunder, including determinations required
to be made by the Company, and shall interpret all provisions of this Award
Agreement and the underlying RSUs, as it deems necessary or desirable, in its
sole and unfettered discretion. Such determinations and interpretations shall be
binding and conclusive to the Company and the Grantee.

     

     (c)           Amendment. This Award
Agreement may only be modified or amended by a writing signed by both
parties.

    

    (d)           Notices. Any notices
required to be given under this Award Agreement shall be sufficient if in
writing and if sent by certified mail, return receipt requested, and addressed
as follows:

     

    if to the
Company:

    

    TransSwitch
Corporation

    Three
Enterprise Drive

    Shelton,
CT 06484

    Attention:
Vice President, Human Resources

     

    if to the
Grantee:

    

    [           ]

     

    or to
such other address as either party may designate under the provisions
hereof.

     

    (e)           Entire
Agreement.  This Award Agreement shall supersede in its
entirety all prior undertakings and agreements of the Company and Grantee,
whether oral or written, with respect to the RSUs granted hereunder
including, without limitation, any prior written employment, change of control
agreement or other similar written agreement, if any, that may provide, in
certain circumstances, for acceleration of restricted stock units granted to the
Grantee.

    

    (f)           Successors and
Assigns. The rights and obligations of the Company under this Award
Agreement shall inure to the benefit of and be binding upon the successors and
assigns of the Company.  

     

    (g)           Applicable Law;
Severability. All rights and obligations under this Award Agreement shall
be governed by the laws of the State of Delaware.  In the event that
any court of competent jurisdiction shall determine that any provision, or any
portion thereof, contained in this Award Agreement shall be unenforceable in any
respect, then such provision shall be deemed limited to the extent that such
court deems it enforceable, and as so limited shall remain in full force and
effect.  In the event that such court shall deem any such provision,
or portion thereof, wholly unenforceable, the remaining provisions of this Award
Agreement shall nevertheless remain in full force and effect. 

     

    (h)           Paragraph Headings; Rules of
Construction. The paragraph headings used in this Award Agreement are for
convenience or reference, and are not to be construed as part of this Award
Agreement.   The parties hereto acknowledge and agree that the
rule of construction to the effect that any ambiguities are resolved against the
drafting party shall not be employed in the interpretation of this Award
Agreement.

    

    (i)           Electronic
Copies.  The Company may choose to deliver certain materials
relating to the Plan in electronic form.  By accepting this Award
Agreement, the Grantee consents and agrees that the Company may deliver the Plan
prospectus and the Company’s annual report to Grantee in an electronic
format.  If at any time Grantee would prefer to receive paper copies
of these documents, the Company will provide such copies upon
request.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (j)           Fractional
Shares.  No Fractional Shares of Common Stock shall be issued
hereunder.  Any fractional shares shall be rounded to next whole
number using normal convention.

    

    (k)           No Waiver of Rights, Powers
and Remedies.  No failure or delay by a party hereto in
exercising any right, power or remedy under this Award Agreement, and no course
of dealing between the parties hereto, shall operate as a waiver of any such
right, power or remedy of the party, unless explicitly provided for
herein.  No single or partial exercise of any right, power or remedy
under this Award Agreement by a party hereto, nor any abandonment or
discontinuance of steps to enforce any such right, power or remedy, shall
preclude such party from any other or further exercise thereof or the exercise
of any other right, power or remedy hereunder.

    

    (l)           
Counterparts.  This Award
Agreement may be executed in multiple counterparts, including by electronic or
facsimile signature, each of which shall be deemed in original but all of which
together shall constitute one and the same instrument.

    

    

    

    

    

    

    
      
        	[GRANTEE]   	 	 	
                TranSwitch
      Corporation

                 

              	 
	 	 	By:	 	 
	
                 

              	 	 	
                Name:
      

              	 
	
                 

              	 	 	
                Title:

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