Document:

Letter agreement dated April 18, 2006

 EXHIBIT 10.8 
 AMPEX Corporation 
 135 East 57th Street 
 New York, New York 10022 
 Telephone (212) 935-6144 
 

 
 April 18, 2006 
 Craig
McKibben 
 [HOME ADDRESS] 
 Dear Craig: 
 Confirming our discussion of your objectives for 2006, set forth below are the related incentive targets. 
 It is critical that Ampex should comply, on timely basis, with its obligation to document, test and assess its internal controls under Section 404
of The Sarbanes-Oxley Act and related regulatory guidelines. If this process is completed on or before the required date of March 15, 2007 you will be entitled to receive an incentive payment of $50,000. 
 Develop a plan on or before December 31, 2006 to move accounting organization from Colorado to Redwood City and to provide for back-up to Ray Venema
in the event of his unavailability to the company. If this objective is met you will be entitled to receive an incentive payment of $50,000. 
 Your third objective is to ensure that our licensing efforts are supported with quantitative data that will assist our licensing department to assess the realistic financial obligations for royalties due on prior and future shipments from
prospective licenses. If this objective is met you will be entitled to receive an incentive payment of $50,000. 
 I wish you success in
achieving the above goals. 
  

	
	 Yours sincerely,

	
	 /s/ Edward Bramson

	Edward BramsonLetter Agreement dated June 16, 2006

 EXHIBIT 10.9 
 Ampex Corporation 
 135 East 57th Street 
 New York, New York 10022 
 Telephone (212) 935-6144 
 

 
 June 16, 2006 
 Mr. Joel D. Talcott 
 Ampex Corporation 
 Vice
President and Secretary 
 1228 Douglas Street 
 Redwood City,
California 94063 
 Dear Joel: 
 This letter confirms our
discussion regarding the royalty collection incentive opportunity for the 24-month period commencing January 1, 2006. Schedule A sets forth the percentage of net royalties received (after deduction of withholding taxes and any similar costs)
that you and your team would be eligible to receive. 
 Calculation of incentives at the applicable rates will be made at the end of each six-month period
and paid promptly thereafter. Royalty incentive payments to team members, other than yourself, aggregating the percentage amounts set forth in Schedule A will be divided in accordance with your recommendations should management exercise its
discretion to do so. 
 I wish you great success in your royalty collection efforts. 
 Yours sincerely, 
  

	
	 /s/ Edward J. Bramson

	Edward J. Bramson
	Chairman

													
	 Schedule A
	  	Incentive Rates applicable to royalties	 
	 	  	30-Jun-06	 	 	31-Dec-06	 	 	30-Jun-07	 	 	31-Dec-07	 
	 Running or fixed payment camcorder royalties other than Sony received in 6 month period ending
	  	1	%	 	1	%	 	1	%	 	1	%
	 Running camcorder royalties - Sony received in 6 month period ending
	  	1.25	%	 	1.25	%	 	1.25	%	 	1.25	%
	 Running royalties on products other than camcorders pursuant to agreements completed on or before (1)
	  	2.25	% *	 	2.25	% *	 	1.75	% *	 	1.25	% *
	 Fixed sum royalties for products other than camcorders as pursuant to agreements completed before (1)
	  	2.25	% *	 	2.25	% *	 	1.75	% *	 	1.25	% *

	 (1)
	 Royalties from licencees of digital still cameras that already have licences in effect will be treated
as new agreements for incentive purposes and will be assumed to have been agreed in the period when the first royalty payment is notified to Ampex 

	 -	If Sony agreement covers camcorders in addition to other products all royalties will be payable at the rate for products other than camcorders 

	 -	Any payments resulting from conclusion of Kodak litigation will carry an incentive rate of 1% 

	 *	Includes 0.25% which may be distributed, at discretion of management, to team members other than J. TalcottOffice Sharig Agreement dated as of November 30, 2006

 Exhibit 10.27 
 OFFICE SHARING AGREEMENT 
 This Office Sharing Agreement (“Agreement”) is entered into as of
November 30, 2006 by and between Sherborne Investors Management LP (“Sherborne”) and Ampex Corporation (“Ampex”) in connection with the use and occupancy by Sherborne and its affiliates of the premises covered by the lease
dated August 14, 1997 between TRST New York, inc., LAFP New York Inc. and The Alaska Permanent Fund, collectively, as Landlord, and Ampex, as Tenant (the “Lease”). All terms used and not defined herein shall have the respective
meanings given to them in the Lease. 
 WHEREAS, pursuant to Sections 15.1 and 15.3(B) of the Lease, Ampex may permit the Premises or any
part thereof to be occupied or used for desk space, mailing privileges or otherwise by any entity that controls or is controlled by Ampex or is under common control with Ampex, provided that Ampex has notified the Landlord before any such
transaction is consummated; and 
 WHEREAS, Sherborne and its affiliates may be deemed to be under common control with Ampex, and Ampex has
previously notified Landlord that certain affiliates of Sherborne would be occupying and using the Premises, and such affiliates have continuously occupied and used the premises, as permitted under the Lease, since 1997; and 
 WHEREAS, Sherborne has recently notified Ampex that Sherborne and its affiliates intend to use and occupy the Premises on a more active basis than in the
past; 
 NOW, THEREFORE, in consideration of the anticipated increase in the use and occupancy of the Premises by Sherborne and its
affiliates, and for other good and valuable consideration, the receipt and sufficiency of which are hereby mutually acknowledged, each of Ampex and Sherborne hereby agrees as follows: 
  

	 	1.	Continued Occupancy by Sherborne; Expenses Borne by Ampex. Sherborne and its affiliates may continue to use and occupy the Premises with Ampex, and Ampex shall remain as the
Tenant under the Lease. Accordingly, Ampex shall continue to pay all office rent, taxes, and other charges due under the Lease and all other charges relating to the use and occupancy of the Premises, including but not limited to cleaning,
maintenance, utilities and equipment rental (collectively, “Office Expenses”), and all salaries and related expenses of all Ampex personnel located at the Premises (“Salary Expenses”). 

  

	 	2.	Reimbursement by Sherborne. As consideration for the increased use and occupancy of the Premises by Sherborne and its affiliates, Sherborne shall pay to Ampex twenty-one
thousand dollars ($21,000) per month during the period beginning on December 1, 2006 and ending on the earlier of (i) the expiration of the Lease or (ii) thirty (30) days after Sherborne first notifies Ampex that it plans to
discontinue its increased use and occupancy of the Premises. In addition, 

  

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 Sherborne shall reimburse Ampex for that portion of the Salary Expenses that may be allocated to any
non-executive Ampex employee who devotes a significant percentage of his or her working hours to Sherborne matters. 
  

	 	3.	Renewal Term. (a) Not later than ten (10) months prior to the Fixed Expiration Date (i.e., one (1) month prior to the date Ampex is required to notify Landlord
of Ampex’s exercise of its option to extend the Term of the Lease for the Renewal Term), Sherborne shall notify Ampex in writing as to whether Sherborne intends to continue to use and occupy the Premises during the Renewal Term. In the event
that Ampex intends to exercise its option to extend the Term of the Lease for the Renewal Term, then Ampex shall permit Sherborne and its affiliates to continue to use and occupy the Premises with Ampex during the Renewal Term; provided that:
(i) Sherborne shall continue to use and occupy the Premises with Ampex for the duration of the Renewal Term; (ii) Ampex and Sherborne shall negotiate a reasonable adjustment to the reimbursement amounts payable by Sherborne pursuant to
paragraph 2 above for such shared use and occupancy, which adjustment shall be proportionate to any change in the rent payable by Ampex and the portion of the Premises to be occupied by Sherborne during the Renewal Term; and (iii) if Ampex and
Sherborne are unable to agree on such adjustment, this Agreement shall terminate effective on the Fixed Expiration Date. 

 (b)
In the event that Ampex does not intend to renew the Lease or continue to occupy the Premises following the Fixed Expiration Date of the Lease, then, not later than ten (10) months prior to the Fixed Expiration Date (i.e., one (1) month
prior to the date Ampex would have been required to notify Landlord of Ampex’s exercise of its option to extend the Term of the Lease for the Renewal Term), Ampex shall: (i) so notify Sherborne in writing; and (ii) offer to Sherborne
the opportunity to negotiate with the Landlord for Sherborne’s renewal of the Lease, all in accordance with and subject to the other terms and conditions set forth in the Lease. 
  

	 	4.	Miscellaneous. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, and shall be binding upon and inure to the benefit of
the heirs, successors and assigns of the parties. Each of Ampex and Sherborne hereby agrees to do such further acts and things, and to execute and deliver such additional agreements, conveyances, assignments and instruments, as the other party may
reasonably request in connection with the performance of this Agreement or in order to better assure and confirm such party’s rights and remedies hereunder. 

  

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 In witness whereof, each of Ampex and Sherborne has duly executed this Agreement as of the date first
written above. 
  

			
	 SHERBORNE INVESTORS MANAGEMENT LP,
 By its
General Partner, Sherborne Investors
 Management GP, LLC

		
	By:	 	 /s/ Edward J. Bramson

	Name:	 	Edward J. Bramson
	Title:	 	Managing Member
	
	AMPEX CORPORATION
		
	By:	 	 /s/ Joel D. Talcott

	Name:	 	Joel D. Talcott
	Title:	 	Vice President

  

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