Document:

Exhibit 10.5
    

    

    

    
      Amendment No. 6 to the
    

    
      CopyTele, Inc. 2003 Share Incentive Plan
    

    
      Amended by the Company’s Board of Directors on July 15, 2010
    

    
      Effective July 15, 2010, the following sections of the Company’s 2003
      Share Incentive Plan are hereby amended to read in their entity as
      follows:
    

    
      Section 6(e)(i) and (ii) is hereby amended to read in its entirety as
      follows:
    

    
      “(e)  Post-Employment Exercises.  Upon
      termination of employment of any employee, termination of service on the
      Board of Directors of a Director Participant or of the continuing
      services of any consultant with the Company and all subsidiary
      corporations and parent corporations of the Company, any Stock Option
      previously granted to the employee, Director Participant or consultant,
      unless otherwise specified by the Committee in the Stock Option
      Agreement, shall, to the extent not theretofore exercised, terminate and
      become null and void; provided, however, that:
    

    
      (i)       if the employee, Director Participant or consultant shall die
      while in the employ or service of such corporation or in the case of an
      Incentive Stock Option granted to an employee, die during the three (3)
      month period following termination of employment or, in the case of a
      Nonqualified Stock Option granted to an employee, Director Participant
      or consultant, during the five (5) year period, following termination of
      employment or service whichever is applicable, and at a time when such
      employee, Director Participant or consultant was entitled to exercise a
      Stock Option as herein provided, the legal representative of such
      employee, Director Participant or consultant, or such person who
      acquired such Stock Option by bequest or inheritance or by reason of the
      death of the employee, Director Participant or consultant, may, not
      later than five (5) years from the date of death, exercise such Stock
      Option, to the extent not theretofore exercised, in respect of any or
      all of such number of shares of Common Stock as specified by the
      Committee in such Stock Option; provided, however, that in the case of
      an Incentive Stock Option granted to an employee who dies during the
      three (3) month period following termination of employment, such Stock
      Option shall become a Nonqualified Stock Option after the three (3)
      month period following termination of employment; and
    

    
      (ii)      if the employment of any employee or the continuing services
      of any Director Participant or consultant to whom such Stock Option
      shall have been granted shall terminate by reason of the employee’s,
      Director Participant’s or consultant’s retirement (at such age or upon
      such conditions as shall be specified by the Committee), disability (as
      described in Section 22(e)(3) of the Code) or dismissal by the employer
      other than for cause (as defined below), and while such employee,
      Director Participant or consultant is entitled to exercise such Stock
      Option as herein provided, such employee, Director Participant or
      consultant shall have the right to exercise such Stock Option so granted
      in respect of any or all of such number of shares as specified by the
      Committee in such Stock Option, at any time up to and including (x) five
      (5) years after the date of such termination of employment or services
      in the case of termination by reason of retirement, disability (as
      described in Section 22(e)(3) of the Code) or dismissal other than for
      cause, provided, however, (y) with respect to an Incentive Stock Option,
      such Incentive Stock Option shall convert to a Nonqualified Stock Option
      after (A) one (1) year after the date of termination of employment by
      reason of disability (as described in Section 22(e)(3) of the Code), and
      (B) three (3) months after the date of termination of employment due to
      retirement or dismissal other than for cause.”
    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      Section 14 is hereby amended to read in its entirety as follows:
    

    
      “14.      Director Participant’s
      Termination.  If a Director Participant’s service as a director of
      the Company terminates, any Nonqualified Stock Option previously granted
      to such Director Participant shall, to the extent not theretofore
      exercised, terminate and become null and void; provided, however, that:
    

    
                (a)       if a Director Participant holding an outstanding
      Nonqualified Stock Option dies, such Nonqualified Stock Option shall, to
      the extent not theretofore exercised, remain exercisable for five (5)
      years after such Director Participant’s death, by such Director
      Participant’s legatee, distributee, guardian or legal or personal
      representative; and
    

    
                (b)       if the service of a Director Participant to whom
      such Nonqualified Stock Option shall have been granted shall terminate
      by reason of (i) such Director Participant’s disability (as described in
      Section 22(e)(3) of the Code), (ii) voluntary retirement from service as
      a director of the Company, or (iii) failure of the Company to retain or
      nominate for re-election such Director Participant who is otherwise
      eligible, unless due to any act of (A) fraud or intentional
      misrepresentation, or (B) embezzlement, misappropriation or conversion
      of assets or opportunities of the Company or any direct or indirect
      subsidiary of the Company, while such Director Participant is entitled
      to exercise such Nonqualified Stock Option as herein provided, such
      Director Participant shall have the right to exercise such Nonqualified
      Stock Option so granted in respect of any or all of such number of
      shares of Common Stock subject to such Nonqualified Stock Option at any
      time up to and including (X) five (5) years after the date of such
      termination of service due to failure of the Company to retain or
      nominate for re-election such Director Participant who is otherwise
      eligible, unless due to any act of (1) fraud or intentional
      misrepresentation, or (2) embezzlement, misappropriation or conversion
      of assets or opportunities of the Company or any direct or indirect
      subsidiary of the Company, and (Y) five (5) years after the date of
      termination of service in the case of termination of service by reason
      of voluntary retirement or disability; and
    

    

    

    
      
        

        

      

      
        
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                (c)       if the Director Participant shall die during the
      five (5) year period, whichever is applicable, specified in clause (ii)
      above and at a time when such Director Participant was entitled to
      exercise a Nonqualified Stock Option as herein provided, the legal
      representative of such Director Participant, or such person who acquired
      such Nonqualified Stock Option by bequest or inheritance or by reason of
      the death of the Director Participant may, not later than five (5) years
      from the date of death, exercise such Nonqualified Stock Option, to the
      extent not theretofore exercised, in respect of any or all of such
      number of Shares subject to such Nonqualified Stock Option.
    

    
                In no event, however, shall a Director Participant be entitled
      to exercise any Stock Option issued under this Section 14 after the
      expiration of the period of exercisability of such Stock Option, as
      specified therein.”
    

    

    

    
      3Exhibit 10.6
    

    

    

    
      AMENDMENT OF OPTION AGREEMENTS
    

    
      This AMENDMENT OF OPTION AGREEMENTS (this “Amendment”) is made as of <INSERT
      DATE>, between <INSERT OPTION HOLDER NAME>
      (“Optionholder”) and CopyTele, Inc. (the “Company”).
    

    
      WHEREAS, the Company has granted Optionholder certain options (the
      “Options”) to purchase its common stock pursuant to the CopyTele, Inc.
      2000 Share Incentive Plan and the CopyTele, Inc. 2003 Share Incentive
      Plan, which grants have been formalized in the Option Agreements listed
      on Exhibit A (the “Option Agreements”); and
    

    
      WHEREAS, the parties hereto desire to amend the Option Agreements to
      extend, in certain circumstances, the exercise period of the Options;
    

    
      NOW, THEREFORE, in consideration of the foregoing and the mutual
      promises made herein, the parties hereto agree as follows:
    

    
      1.        Section 4(a) of each of the Option Agreements is hereby
      amended by deleting Section 4(a) in its entirety and by substituting in
      lieu thereof the following Section 4(a):
    

    
      “(a)      if you die, the Option shall, to the extent not theretofore
      exercised, remain exercisable for five (5) years after your death, by
      your legatee, distributee, guardian or legal or personal representative.”
    

    
      2.        Section 4(b) of each of the Option Agreements is hereby
      amended by deleting Section 4(b) in its entirety and by substituting in
      lieu thereof the following Section 4(b):
    

    
      “(b)      if your employment is terminated by reason of your disability,
      voluntary retirement or dismissal by the Company other than for cause as
      defined in the Plan, provided you are otherwise eligible, the Option
      shall, to the extent not theretofore exercised, remain exercisable for
      five (5) years after the date of such termination of employment in the
      case of termination by reason of retirement, disability or dismissal
      other than for cause; and”
    

    
      3.        Section 4(c) of each of the Option Agreements is hereby
      amended by deleting Section 4(c) in its entirety and by substituting in
      lieu thereof the following Section 4(c):
    

    
      “(c)      if you die during the five (5) year period specified in clause
      (b) above and at a time when you were entitled to exercise the Option,
      your legal representative, or such person who acquired the Option by
      reason of your death may, not later than five (5) years from your date
      of death, exercise the Option, to the extent not theretofore exercised,
      in respect of any or all of such number of shares subject to the Option.”
    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      2.        The parties acknowledge and agree that all of the terms,
      provisions, covenants and conditions of the Option Agreements shall
      hereafter continue in full force and effect in accordance with the terms
      thereof, except to the extent expressly modified, amended or revised
      herein.
    

    
      3.        This Amendment shall be governed by and construed in
      accordance with the laws of the State of Delaware, without giving effect
      to conflict of laws.
    

    
      IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
      the date first written above.
    

    

    

    
    	
           
        	
          ________________________________
        
	

        	
          
            <INSERT OPTION HOLDER NAME>
          

        
	
           
        
	
           
        
	

        	
          COPYTELE, INC.
        
	
           
        
	
           
        
	

        	
          By______________________________
        
	

        	
          Name:
        
	

        	
          Title:
        

    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      Exhibit A
    

    
      Option Agreements
    

    
      [list option agreements]

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