Document:

Amendment of Employment Agreement and Restricted Stock Award Agreement

 Exhibit 10.23.1 
  
 AMENDMENT OF EMPLOYMENT AGREEMENT 
 AND RESTRICTED STOCK AWARD AGREEMENT 
  
 This Amendment of Employment Agreement and Restricted Stock Award Agreement is between Path 1 Network Technologies Inc. (“Path 1”) and Frederick Cary (“Cary”) as of March 29, 2004. It amends the Employment Agreement
between the parties dated September 7, 2001 (the “Employment Agreement”) and the Restricted Stock Award Agreement between the parties dated October 23, 2003 (the “Stock Agreement”) (together, the “Original Agreement”).

  
 Cary is Path 1’s President and Chief Executive Officer.
This Amendment is entered into in anticipation of Cary’s resignation as President, CEO and an employee, but with the anticipation that he would be willing to continue to serve as a Director and Chairman of the Board of Path 1. 
  
 1. The Original Agreement is amended as follows: 
  
 If and only if Cary resigns as President, CEO and an employee on March 29,
2004: 
  
 (a) The termination of employment shall, for purposes of
Section 9.2.1(c) of the Employment Agreement, be treated as if it occurred pursuant to Section 9.2 of the Employment Agreement. For avoidance of doubt: Cary would still have to execute and deliver the general release to receive such (Section
9.2.1(c)) Severance Benefit. 
  
 (b) Upon such termination of
employment, Path 1 shall provide Cary with forms by which he may maintain his and his eligible dependents’ participation in Path 1’s group health insurance plan pursuant to the terms of the Consolidated Omnibus Budget Reconciliation Act.
If Cary elects such coverage, and if Cary delivers such general release, the (Section 9.2.1(c)) Severance Benefit shall be augmented to also include the following: Path 1 shall reimburse Cary, upon presentation of evidence of payment, for
Cary’s payment of the premiums for COBRA benefits for Cary and his eligible dependents through the first anniversary of the Employment Termination Date. After the first anniversary of the Employment Termination Date, if Cary desires to continue
his COBRA benefits, he understands and agrees that he shall be fully responsible for making (and without receiving further reimbursement) the necessary further premium payments in order to continue such coverage. Nothing herein shall limit the right
of Path 1 to change the provider and/or the terms of its group health insurance plans or other benefit plans at any time hereafter. 
  
 (c) Section 3(b) of the Stock Agreement shall be amended to read in full as follows: 
  
 Vesting. 77,500 of the shares of Restricted Stock will vest based on the Participant’s
continuous employment or Board of Directors service with the Company through September 1, 2004. 38,750 of the shares of Restricted Stock will vest based on the Participant’s continuous employment or Board of Directors service with the Company
through December 1, 2004. 38,750 of the shares of Restricted Stock will vest based on 

 the Participant’s continuous employment or Board of Directors service with the Company through March
1, 2005. In the event the Participant’s employment and Board of Directors service with the Company are terminated by reason of (i) death or (ii) disability, or in the event that after Participant’s employment with the Company has
terminated his service as a Director is terminated by (i) removal from the Board without cause or (ii) failure to be re-elected to the Board at the 2004 annual meeting of stockholders, then all remaining shares of Restricted Stock that have not yet
been vested shall immediately vest. Once vested pursuant to the terms of this Agreement, the Restricted Stock shall be deemed Vested Stock. Should any vesting date occur on a day during a “quiet period”, where Participant would be
restricted from trading Company shares, then the vesting date shall be deemed to occur two weeks immediately after the termination of such quiet period. 
  
 (d) Sections 5 and 6 of the Stock Agreement shall be deleted. 
  
 (e) Cary shall be allowed to keep, as his personal property, the notebook computer, printer and Blackberry device which Path 1 had provided to him for
business use. (This applies only to the hardware, and not to any confidential or proprietary information which belongs to or was entrusted to Path 1.) In addition Path 1 shall reimburse him for his monthly Blackberry service charges for a period of
six months, after which the Company can terminate the reimbursement payments upon thirty (30) days’ written notice. 
  
 2. Except as expressly amended by this Amendment, the Original Agreement remains unchanged and in full force and effect. 
  
 3. The parties acknowledge that they have the right to have been represented
by legal counsel of their own choosing, and that Heller Ehrman White & McAuliffe LLP and Hayden Trubitt are representing Path 1 and are not representing Cary. 
  

			
	
	 /s/ FREDERICK CARY

 FREDERICK CARY

	
	  
 PATH 1 NETWORK
TECHNOLOGIES INC.

		
	By:	 	 /s/ John Zavoli,

	 	 	

	 	 	 John Zavoli, Chief Financial Officer

  

 2Letter agreement dated January 22, 2004

 Exhibit 10.63 
  
 CONFIDENTIAL TREATMENT REQUESTED 
  
 Path 1 Network Technologies Inc. 
 6215 Ferris Square, Suite 140 
 San Diego, CA 92121 
  
 Phone 858.450.4220 
 Fax 858.450.4203 
 www.path1.com

  
 January 22, 2004 
  
 Mr. Guy Sucharczuk 
 Chief Executive Officer 
 Aurora Networks 
 2803 Mission College Boulevard 
 Santa Clara, CA 95054 
  

	Re:	Amendments To Integrated QAM Development Agreement And Reseller Agreement 

  
 Dear Guy: 
  
 This Letter Agreement memorializes our recent discussions over the Path 1 Network Technologies Inc. (“Path 1”) 1800 series integrated QAM gateway product (the “Product”) pursuant to the Agreement
between Path 1 Network Technologies Inc. and Aurora Networks (“Aurora”) dated May 27, 2003, as amended by our Letter Agreement dated September 16, 2003 (hereinafter collectively referred to as the “Agreement”). This Letter
Agreement also makes an amendment to the Reseller Agreement, effective May 8, 2003, between Path 1 and Aurora. 
  
 Path 1 and Aurora mutually agree that the first paragraph of Section 3.4 of the Agreement is amended in its entirety to read as follows: 
  

	 	3.4	Exclusive License. During the term of this Agreement, and subject to the terms and conditions of this Agreement, Path 1 hereby grants Aurora a present, immediate,
irrevocable, nontransferable, license to use, support, demonstrate, sell, manufacture (but subject to the conditions subsequent set forth in Section 11.16 and the Escrow Agreement attached hereto as Exhibit D) and distribute, through single or
multiple tiers of distribution, the Product and all end user documentation delivered as part of or together with the Product or otherwise provided under this Agreement. This license extends to any improvements, upgrades, modifications and derivative
works of the Product, to the extent that such constitute and are embodied in an IP, multiQAM-type product. 

  
 Upon the execution of this Letter Agreement, Aurora will immediately provide any required notice or documentation to the Escrow Agent (as described in Section 11.16 of
the Agreement) currently holding Path 1 proprietary information, 

 CONFIDENTIAL TREATMENT REQUESTED 
  
 January 22, 2004 
 Page Two 
  
 software tools, know how and other Path 1 confidential information) to immediately return the same to Path 1. 
  
 Upon Path 1’s receipt from the Escrow Agent of all such proprietary information,
software tools, know how and other confidential information, Path 1 shall pay to Aurora the sum of *** (***). This sum shall be payable as follows: *** (***) shall be payable February 28, 2004; the remaining *** (***) shall be payable March 31,
2004. 
  
 The parties further agree as consideration for Path 1 entering into this
Letter Agreement, the Most Favored Nation pricing provisions as contained in Sections 1.4 and 4.4 of the Reseller Agreement, effective May 8, 2003 between the parties, shall be terminated effective as of the date on which Aurora has received the
final payment required by the preceding paragraph. 
  
 Moreover, the survival
provisions as contained in Section 11.17 of the Agreement shall survive termination of the Agreement. 
  
 If you are in agreement with the foregoing, kindly sign and date this Letter Agreement. 
  
 Sincerely, 
  
 /s/ Frederick A. Cary 
  
 Frederick A. Cary

 President, Chairman & CEO 
 Path 1 Network Technologies
Inc. 
  
 Agreed and Accepted: 
  
 /s/ Guy Sucharczuk 
  
 Guy Sucharczuk 
 CEO 
 Aurora Networks 
  

 ***Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.Form of Specimen Common Stock Certificate

					
	 	  	CERTIFICATE OF STOCK	  	Exhibit 4.01
			
	 	  	[GRAPHIC]	  	 
			
	 	  	

	  	COMMON STOCK
			
	 	  	DESIGN WITHIN REACH, INC.	  	[GRAPHIC]
			
	 	  	INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE	  	SEE REVERSE FOR
CERTAIN DEFINITIONS  
 CUSIP 250557 10 5

  
 THIS CERTIFIES THAT: 
  
  
  
  
  
 IS THE OWNER OF

  
 FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK, PAR VALUE
$.001 PER SHARE, OF 
  
 DESIGN WITHIN REACH, INC.

  
 transferable on the books of Design Within Reach, Inc. by the holder
hereof in person, or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned and registered by the Transfer Agent and Registrar. 
  
 IN WITNESS WHEREOF, Design Within Reach, Inc. has caused this Certificate to
be executed by the facsimile signatures of its duly authorized officers and sealed with the facsimile seal of Design Within Reach, Inc. 
  
 Dated: 
  

					
	FOR POSITION ONLY	 	 	 	FOR POSITION ONLY
			
	/s/    David Barnard        	 	[SEAL]	 	/s/    Wayne Badovinus        
	
	 	 	 	

	SECRETARY AND CHIEF FINANCIAL OFFICER	 	 	 	PRESIDENT AND CHIEF EXECUTIVE OFFICER

  
 COUNTERSIGNED AND REGISTERED: 
  
 AMERICAN STOCK
TRANSFER & TRUST COMPANY 
  
 TRANSFER AGENT AND REGISTRAR

  

			
		
	BY	 	 
	 	 	

	 	 	AUTHORIZED SIGNATURE

  

 The Corporation will furnish without charge to each stockholder who so requests in writing, the
designations, powers, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights. Any such request may be
made to the Corporation or to the Transfer Agent. 
  
 The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 
  

							
	TEN COM	 	–	 	as tenants in common	 	UNIF GIFT MIN ACT –                  Custodian
                
	TEN ENT	 	–	 	as tenants by the entireties	 	       (Cust)
                     (Minor)

	JT TEN	 	–	 	as joint tenants with right of survivorship and not as tenants in common	 	   under Uniform Gifts to Minors
   Act                                    
                

	 	 	 	 	 	 	                               (State)

  
 Additional
abbreviations may also be used though not in the above list. 
  
 FOR VALUE RECEIVED,
                                        
                                        
                                 hereby sell, assign and transfer unto 
  

	
	 PLEASE INSERT SOCIAL SECURITY OR OTHER
 IDENTIFYING NUMBER OF ASSIGNEE

	
	  
	

  

					
	 	 	 	  	 
	

	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)
	 	 	 	  	 
	

	 	 	 	  	 
	

	 	 	 	  	 
	

	 	 	Shares
	
	 	 	 
	of the common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint
	 
	

	Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.

  

			
	 Dated
	 	 
	 	 	

  

			
	X	 	 
	 	 	

		
	X	 	 
	 	 	

	NOTICE:	 	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATEVER.

  
 Signature(s) Guaranteed

  

			
		
	 By
	 	 
	 	 	

	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED
SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.

  
 KEEP THIS CERTIFICATE
IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}]]