Document:

<PAGE>
EXHIBIT 10.26

                                 iGO CORPORATION

                AMENDED AND RESTATED CHANGE OF CONTROL AGREEMENT

         THIS AMENDED AND RESTATED CHANGE OF CONTROL AGREEMENT (the "AGREEMENT")
is made and entered into by and between RICHARD SHAFF (the "AFFILIATE") and IGO
CORPORATION, a Delaware corporation (the "COMPANY"), effective as of the 26th
day of June, 2001.

                                 R E C I T A L S

A. It is expected that the Company from time to time will consider the
possibility of an acquisition by another company or other Change of Control. The
Board of Directors of the Company (the "BOARD") recognizes that such
consideration can be a distraction to the Affiliate and can cause the Affiliate
to consider alternative opportunities. The Board has determined that it is in
the best interests of the Company and its stockholders to assure that the
Company will have the continued dedication and objectivity of the Affiliate,
notwithstanding the possibility, threat or occurrence of a Change of Control (as
defined below) of the Company.

B. The Board believes that it is imperative to provide the Affiliate with
certain benefits upon a Change of Control which provides the Affiliate with
incentive and encouragement to the Affiliate to remain with the Company
notwithstanding the possibility of a Change of Control.

C. The Company and the Affiliate entered into a Change of Control Agreement
dated December 4, 2000 (the "Original Agreement").

D. The Affiliate and the Company wish to amend the Original Agreement to read in
full as set forth herein.

         NOW THEREFORE, in consideration of the foregoing and the mutual
agreements set forth herein, the Company and the Affiliate hereby agree that the
Original Agreement shall be amended and restated in its entirety to read as set
forth herein:

1. TERM OF AGREEMENT. This Agreement shall terminate on the earlier of (i) the
date that all obligations of the parties hereto with respect to this Agreement
have been satisfied or (ii) the date upon which this Agreement terminates by
consent of the parties hereto.

2. AT-WILL EMPLOYMENT. To the extent that the Affiliate is or hereafter becomes
an employee of the Company, the Company and the Affiliate acknowledge that the
Affiliate's employment is and shall continue to be at-will, as defined under
applicable law. If the Affiliate's employment terminates for any reason,
including (without limitation) any termination prior to a Change of Control,
unless the termination is to avoid this agreement, the Affiliate shall not be
titled to any payments, benefits, damages, awards or compensation other than as
provided by this Agreement, or as may otherwise be available in accordance with
the Company's established Affiliate plans and practice or pursuant to other
agreements with the Company.

<PAGE>

3. DEFINITION OF CHANGE OF CONTROL. "CHANGE OF CONTROL" means the occurrence of
any of the following events:

         (a) Any "PERSON" (as such term is used in Sections 13(d) and 14(d) of
the Securities Exchange Act of 1934, as amended) is or becomes the "BENEFICIAL
OWNER" (as defined in Rule 13d-3 under said Act), directly or indirectly, of
securities of the Company representing 50% or more of the total voting power
represented by the Company's then outstanding voting securities other than in a
private financing transaction approved by the Board of Directors;

         (b) the direct or indirect sale or exchange by the stockholders of the
Company of all or substantially all of the stock of the Company;

         (c) a merger or consolidation in which the Company is a party and in
which the stockholders of the Company before such ownership change do not
retain, directly or indirectly, at a least majority of the beneficial interest
in the voting stock of the Company after such transaction; or

         (d) an agreement for the sale or disposition by the Company of all or
substantially all the Company's assets.

4. CHANGE OF CONTROL BENEFITS.

         (a) CHANGE OF CONTROL. The Affiliate shall be entitled to receive from
the Company the benefits as provided in this Section 4 if (i) there is a Change
of Control that occurs while the Affiliate is an officer or director of the
Company, and (ii) Affiliate's employment with the Company is involuntarily
terminated without cause within twelve (12) months following such Change of
Control.

         (b) OPTION AND RESTRICTED STOCK ACCELERATED VESTING. In the event that
Affiliate's employment with the Company is involuntarily terminated without
cause within twelve (12) months following a Change of Control that occurs while
Affiliate is employed by the Company, an additional twenty-four (24) months of
the unvested portion of any stock option or restricted stock held by the
Affiliate as of the date of his or her termination shall automatically be
accelerated and a similar proportion of any repurchase option applicable thereto
shall lapse accordingly. For purposes of this paragraph, "cause" shall mean
Affiliate's gross negligence or willful misconduct where such gross negligence
or willful misconduct has resulted or is likely to result in substantial and
material damage to the Company or its subsidiaries. Notwithstanding the
foregoing, if such vesting acceleration would cause a contemplated Change of
Control transaction that was intended to be accounted for as a
"pooling-of-interests" transaction to become ineligible for such accounting
treatment under generally accepted accounting principles, as determined by the
Company's independent public accountants (the "ACCOUNTANTS") prior to the Change
of Control, Affiliate's stock options and restricted stock shall not have their
vesting so accelerated.

5. ATTORNEY FEES, COSTS AND EXPENSES. The prevailing party, determined without
regard to whether or not the action results in a final judgment, shall be
entitled to collect from the other party its reasonable attorneys' fees, costs
and expenses incurred in connection with any action brought by either party in
connection with the subject matter of this Agreement.

                                      -2-
<PAGE>

6. LIMITATION ON PAYMENTS. In the event that the benefits provided for in this
Agreement or otherwise payable to the Affiliate (i) constitute "parachute
payments" within the meaning of Section 280G of the Internal Revenue Code of
1986, as amended (the "Code") and (ii) but for this Section, would be subject to
the excise tax imposed by Section 4999 of the Code, then the Affiliate's
severance benefits under subsection 3(b) shall be payable either

         (a) in full, or

         (b) as to such lesser amount which would result in no portion of such
benefits being subject to excise tax under Section 4999 of the Code,

whichever of the foregoing amounts, taking into account the applicable federal,
state and local income taxes and the excise tax imposed by Section 4999, result
in the receipt by the Affiliate on an after-tax basis, of the greatest amount of
benefits under subsection 3(b), notwithstanding that all or some portion of such
benefits may be taxable under Section 4999 of the Code. Unless the Company and
the Affiliate otherwise agree in writing, any determination required under this
Section 6 shall be made in writing by the Accountants, whose determination shall
be conclusive and binding upon the Affiliate and the Company for all purposes.
For purposes of making the calculations required by this Section 6, the
Accountants may make reasonable assumptions and approximations concerning
applicable taxes and may rely on reasonable, good faith interpretations
concerning the application of Sections 280G and 4999 of the Code. The Company
and the Affiliate shall furnish to the Accountants such information and
documents as the Accountants may reasonably request in order to make a
determination under this Section. The Company shall bear all costs the
Accountants may reasonably incur in connection with any calculations
contemplated by this Section 6.

7. SUCCESSORS.

         (a) COMPANY'S SUCCESSORS. Any successor to the Company (whether direct
or indirect and whether by purchase, merger, consolidation, liquidation or
otherwise) to all or substantially all of the Company's business and/or assets
shall assume the obligations under this Agreement and agree expressly to perform
the obligations under this Agreement in the same manner and to the same extent
as the Company would be required to perform such obligations in the absence of a
succession. For all purposes under this Agreement, the term "COMPANY" shall
include any successor to the Company's business and/or assets which executes and
delivers the assumption agreement described in this Section 7(a) or which
becomes bound by the terms of this Agreement by operation of law.

         (b) AFFILIATE'S SUCCESSORS. The terms of this Agreement and all rights
of the Affiliate hereunder shall inure to the benefit of, and be enforceable by,
the Affiliate's personal or legal representatives, executors, administrators,
successors, heirs, distributes, devisees and legatees.

                                      -3-
<PAGE>

8. NOTICE. Notices and all other communications contemplated by this Agreement
shall be in writing and shall be deemed to have been duly given when personally
delivered or when mailed by U.S. registered or certified mail, return receipt
requested and postage prepaid. In the case of the Affiliate, mailed notices
shall be addressed to him at the home address which he most recently
communicated to the Company in writing. In the case of the Company, mailed
notices shall be addressed to its corporate headquarters, and all notices shall
be directed to the attention of its Secretary.

9. MISCELLANEOUS PROVISIONS.

         (a) WAIVER. No provision of this Agreement shall be modified, waived or
discharged unless the modification, waiver or discharge is agreed to in writing
and signed by the Affiliate and by an authorized officer of the Company (other
than the Affiliate). No waiver by either party of any breach of, or of
compliance with, any condition or provision of this Agreement by the other party
shall be considered a waiver of any other condition or provision or of the same
condition or provision at another time.

         (b) WHOLE AGREEMENT. No agreements, representations or understandings
(whether oral or written and whether express or implied) which are not expressly
set forth in this Agreement have been made or entered into by either party with
respect to the subject matter hereof.

         (c) CHOICE OF LAW. The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of
Nevada as applied to agreements entered into and performed within Nevada solely
by residents of that state.

         (d) SEVERABILITY. The invalidity or unenforceability of any provision
or provisions of this Agreement shall not affect the validity or enforceability
of any other provision hereof, which shall remain in full force and effect.

         (e) COUNTERPARTS. This Agreement may be executed in counterparts, each
of which shall be deemed an original, but all of which together will constitute
one and the same instrument.

         IN WITNESS WHEREOF, each of the parties has executed this Agreement, in
the case of the Company by its duly authorized officer, as of the date set forth
above.

COMPANY:                                         AFFILIATE:

IGO CORPORATION

By: /s/ S. Shackelton                            /s/ Richard M. Shaff
    ------------------------                     -------------------------------
                                                 Richard Shaff
Title: Chief Financial Officer
       -----------------------

                                      -4-<PAGE>

                                                                   Exhibit 10.47

                            CHARLES & COLVARD, LTD.
                 FISCAL YEAR 2001 EXECUTIVE COMPENSATION PLAN
                                 PLAN SUMMARY

1.   Purpose.  The purpose of the 2001 Executive Compensation Plan (the "Plan")
     -------
     is to provide selected key employees of Charles & Colvard, Ltd. (the
     "Company") with incentive awards in the form of cash payments and/or bonus
     option grants (each, an "award" and collectively, "awards") based upon
     attainment of performance goals, thereby promoting a closer identification
     of the participants' interests with the interests of the Company and its
     shareholders, and further stimulating such participants' efforts to enhance
     the efficiency, profitability, growth and value of the Company.  The Plan
     shall be in effect for fiscal year 2001 and may continue in effect for
     future years, as modified by the Compensation Committee (the "Committee")
     of the Board of Directors (the "Board") or by the Board in its or their
     discretion.  (For the purposes herein, the "Committee" shall be interpreted
     to mean the Board if in fact the Board takes the indicated action.)

2.   Eligibility.  Key employees of the Company selected by the Committee shall
     -----------
     be eligible to participate (each, a "participant").  Eligible participants
     shall be selected to participate on an annual or other periodic basis as
     determined by the Committee.  For the 2001 plan year, the key employees
     eligible to participate in the Plan shall be the Chief Executive Officer,
     Chief Financial Officer, Vice President of Manufacturing, Director of
     Marketing, Director of Domestic Sales, Director of International Sales and
     such other key employees as may be selected by the Committee to participate
     in the Plan; provided, however, that the Committee shall have sole
     discretion to determine eligibility for Plan participation and
     participation in the Plan for any single plan year shall not guarantee
     eligibility to participate in any other plan year.  Nothing contained in
     the Plan or the terms of any award will be construed as conferring upon any
     participant the right to continue in the employment of the Company or as
     imposing upon the Company the obligation to continue to employ a
     participant.  Awards granted under the Plan may not be assigned or
     transferred by a participant to any other person or entity.  (For the
     purposes of the Plan, a "plan year" shall coincide with the particular
     fiscal year of the Company.)

3.   Administration of the Plan.  The Plan will be administered by the
     --------------------------
     Committee.  The Committee is vested with the authority to determine
     eligibility, grant awards and establish and modify performance criteria.
     In addition, without limiting the foregoing, the Committee has full
     authority in its discretion to take any action with respect to the Plan
     including, without limitation, the authority (i) to determine all matters
     relating to awards, including selection of individuals to be granted
     awards, the types of awards, the number of shares of the Company's common
     stock (the "Common Stock"), if any, subject to an award, and all terms,
     conditions, restrictions and limitations of an award; and (ii) to construe
     and interpret the Plan and any instruments evidencing awards granted under
     the Plan, to establish and interpret rules and regulations for
     administering the Plan and to make all other determinations deemed
     necessary or advisable for administering the Plan. All determinations of
     the Committee with respect to the Plan will be final and binding on
<PAGE>

     the Company and all persons having or claiming an interest in any award
     granted under the Plan. No member of the Committee shall be liable while
     acting as administrator for any action or determination made in good faith
     with respect to the Plan or any award.

4.   Nature of Awards.  Awards granted under the Plan may consist of cash
     ----------------
     bonuses and/or bonuses in the form of option grants ("option bonuses").
     The terms of option bonuses will be governed by the terms of the 1997
     Omnibus Stock Plan of C3, Inc., as amended  (the "1997 Plan"), or any other
     stock incentive plan which may apply to such option bonuses and shall be
     subject to the terms and conditions of such plan and the respective award
     agreement.

5.   Determination of Awards.  The Committee will establish those performance
     -----------------------
     goals (each, a "goal") which shall apply to the determination of awards, if
     any, to be made with respect to a participant for any plan year.  A
     participant's ability to earn an award for a particular plan year will be
     based on the Company's attainment of the goals for that plan year.  The
     goals and any other factors which may apply with respect to the grant of
     awards during a plan year shall be determined by the Committee and may
     differ from the goals applicable in other plan years; provided, however,
                                                           --------  -------
     that, unless the Committee determines otherwise, all awards which may be
     earned by Plan participants during any particular plan year will be
     determined based on the same goals.

6.   Determination of Cash Bonuses.
     -----------------------------

     (a)  General.  The Company shall establish a cash bonus pool (the "cash
          -------
          bonus pool"), which will be used to fund cash awards earned under the
          Plan.   The cash bonus pool will be funded in the event that the
          Company achieves its annual operating goals for the particular plan
          year, which for 2001 shall consist of the operating income goal
          ("income goal") and carat shipments goal ("shipment goal") as set out
          in the Company's annual business plan, as approved by the Board.  The
          maximum cash bonus to be earned in any plan year by a participant is
          $500,000 per year during the first three years of employment with the
          Company, $1,000,000 per year during the next succeeding three years of
          employment with the Company and $2,500,000 per year thereafter.

     (b)  2001 Plan Year.  For the 2001 plan year, the provisions which follow
          --------------
          shall apply with respect to the award of cash bonuses; provided,
                                                                 --------
          however, that the Committee shall have full discretion to modify the
          -------
          goals and any other performance or other factors applicable to the
          determination of Plan awards for any subsequent plan year and shall
          not be bound by the provisions applicable for the 2001 plan year.

          (i)  Following the 2001 plan year, if the Committee determines that
               the income goal has been met, five percent (5%) of the Company's
               operating income will be contributed to the cash bonus pool from
               which cash bonuses for the 2001 plan year may be distributed.

                                       2
<PAGE>

          (ii)   If both the income goal and the shipments goal have been met at
                 the end of the 2001 plan year, an additional five percent (5%)
                 of the Company's operating income will be added to the cash
                 bonus pool.

          (iii)  If both the income goal and the shipments goal have been met at
                 the end of the 2001 plan year, fifteen percent (15%) of all
                 pre-bonus, operating income in excess of the income goal will
                 be added to the cash bonus pool for the 2001 plan year.

          (iv)   If the income goal is not met at the end of the 2001 plan year,
                 the Committee (based on recommendations by the CEO) may in its
                 discretion determine what amount, if any, will be contributed
                 to the cash bonus pool and be payable to any eligible
                 participant.

          (v)    The cash bonus pool if earned and payable will be paid 50% to
                 the CEO and 25% to each of the CFO and VP of Manufacturing.

          (vi)   Sales and Marketing Directors who are eligible for cash
                 commission payments will not participate in cash bonuses, if
                 any, in 2001.

7.   Determination of Option Bonuses.
     -------------------------------

     (a)  General.  The Company shall establish an option bonus pool (the
          -------
          "option pool") which will be used to fund option awards earned under
          the Plan.  Options from the option pool shall be awarded in the event
          the Company achieves its income goal for the particular year.  Nothing
          in the terms of the Plan shall limit the authority of the Company to
          grant stock options or other stock-based awards under the 1997 Plan or
          other applicable plan.

     (b)  2001 Plan Year.  For the 2001 plan year, the provisions which follow
          --------------
          shall apply with respect to the award of option bonuses; provided,
                                                                   --------
          however, that the Committee shall have full discretion to modify the
          -------
          goals and any other performance or other factors applicable to the
          determination of Plan awards for any subsequent plan year and shall
          not be bound by the provisions applicable for the 2001 plan year.

          (i)    For the 2001 plan year, the option bonus pool shall consist of
                 options for 100,000 shares of the Common Stock.

          (ii)   If the income goal has been met at the end of the 2001 the
                 option bonus pool will be awarded 39% to the CEO and 20% to
                 each of the CFO and VP of Manufacturing and 7% to each of the
                 Director of Marketing, Director of Domestic Sales and Director
                 of International Sales. Any options granted will have an option
                 price equal to the closing sales price on the last trading day
                 immediately prior to the Company's public

                                       3
<PAGE>

                 announcement of the 2001 financial results, will vest
                 immediately and will be exercisable over ten years.

          (iii)  If the income goal is not met at the end of the 2001 plan year,
                 the Committee (based on recommendations by the CEO) may in its
                 discretion determine the option grants, if any, that will be
                 awarded to any eligible participant.

8.   Timing of Awards.  Unless the Committee determines otherwise, cash bonuses
     ----------------
     will be distributed as soon as practical following the completion of the
     annual audit for the respective preceding fiscal year by the Company's
     independent accountants.    Except to the extent that the terms of the 1997
     Plan (or other applicable plan) provide otherwise, and unless the Committee
     determines otherwise, option bonuses will be granted as of the last trading
     day immediately preceding the public announcement of the Company's
     financial performance for the respective preceding fiscal year.

9.   Option Bonus Adjustments.  Option bonuses will be adjusted proportionately
     ------------------------
     in the event of any stock splits or similar adjustments occurring after the
     adoption of the Plan and prior to the end of fiscal year 2001 and may be
     subject to further adjustment in the event of any stock splits or other
     capital adjustments which occur after the end of the fiscal year, subject
     to the terms of the 1997 Plan or other applicable plan and the Committee's
     discretion thereunder.

10.  Amendment.  The Plan and any award granted under the Plan may be amended or
     ---------
     terminated at any time by the Committee; provided, however, that (i)
     amendment or termination of an outstanding award may not, without the
     consent of the participant, adversely affect the rights of the participant
     with respect to such award; and (ii) approval of an amendment to the Plan
     by the shareholders of the Company shall be required in the event
     shareholder approval of such amendment is required by applicable law.

                                       4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]