Document:

Exhibit 10.23(b)

 

FIRST AMENDMENT TO LEASE
AGREEMENT

 

	
  Landlord:

  	
   

  	
  CARRAMERICA REALTY CORPORATION,
  a
  Maryland corporation

  
	
   

  	
   

  	
   

  
	
  Tenant:

  	
   

  	
  FOCUS ENHANCEMENTS, INC., a Delaware corporation

  

 

THIS FIRST AMENDMENT TO LEASE AGREEMENT (this “Amendment”)
is made and entered into as of June 30,  2000 by and between
CARRAMERICA. REALTY CORPORATION, a Maryland corporation (“Landlord”), and FOCUS
ENHANCEMENTS, INC., a Delaware corporation (“Tenant”).

 

A.            Landlord and Tenant entered into a Lease
Agreement dated June 7, 2000 (the “Lease”), regarding the premises (“Premises”)
containing 7,390 Rentable Square Feet in Suite 120 of Building A in Sunset
Corporate Park located at 22867 N.W. Bennett Street, Hillsboro, Oregon 97124.

 

B.            Lease Commencement Date, Termination Date.
Landlord and Tenant hereby agree that the Commencement Date of the Lease is June 15,
2000, and the Termination Date of the Lease is December 31, 2005.

 

C.            Landlord and Tenant hereby agree to amend the
Base Rent as follows:

 

	
   

  	
   

  	
   

  	
   

  	
  Base Rent per

  	
   

  	
  Annual Base

  	
   

  	
   

  	
   

  
	
  Months

  	
   

  	
  Square Footage

  	
   

  	
  RSF

  	
   

  	
  Rent

  	
   

  	
  Monthly Rent

  	
   

  
	
  1 — 6

  	
   

  	
  7,390

  	
   

  	
  $

  	
  0.00

  	
   

  	
  $

  	
  0.00

  	
   

  	
  $

  	
  0.00

  	
   

  
	
  7 — 36

  	
   

  	
  7,390

  	
   

  	
  $

  	
  1.00

  	
   

  	
  $

  	
  88,712.28

  	
   

  	
  $

  	
  7,392.69

  	
   

  
	
  37 — 66.5

  	
   

  	
  7,390

  	
   

  	
  $

  	
  1.08

  	
   

  	
  $

  	
  95,806.68

  	
   

  	
  $

  	
  7,983.89

  	
   

  

 

D.            Acceptance of Premises. Tenant has inspected
the Premises an I affirms that the Premises is acceptable in all respects in
its current “as is” condition, except for latent defects that have been
identified by Tenant and written notice of which has been provided to Landlord
as provided in Section 3.B. of the Lease.

 

The Lease, as modified by this
Amendment, is hereby ratified and affirmed and shall continue in full force and effect. From
and after the date of this Amendment, all references to the “Lease” shall mean
the Lease, as modified by this Amendment.

 

EXECUTED effective as of the date first set forth above.

 

	
  LANDLORD:

  	
  TENANT:

  
	
  CARRAMERICA REALTY CORPORATION

  	
  FOCUS ENHANCEMENTS INC.

  
	
  A Maryland corporation

  	
  a Delaware Corporation

  
	
   

  	
   

  
	
  By:

  	
  /s/ Clete Casper

  	
   

  	
  By:

  	
  /s/ Brett Moyer

  
	
  Print Name: Clete Casper

  	
  Print Name: Brett Moyer

  
	
  Its: Managing Director

  	
  Its: EVP & COOExhibit 10.23(c)

 

SECOND
AMENDMENT TO LEASE

 

This Second Amendment to
Lease (this “Amendment”) is made and entered into as of this 3rd day of June,
2004, by and between CarrAmerica Realty Corporation, a Maryland corporation as
landlord (“Landlord”), and Focus Enhancements, Inc., a Delaware
corporation as tenant (“Tenant”).

 

Recitals:

 

A.            Under that certain Lease Agreement dated June 7,
2000, by and among Landlord and Tenant, as modified by that certain First
Amendment to Lease, dated June 30, 2000 (collectively, the “Lease”), Tenant leased from Landlord the premises
located at Sunset Corporate Park, Building
A, 22867 NW Bennett Street, Suite 120, Hillsboro, Oregon 97124 (the “Premises”).

 

B.            Tenant requires temporary additional space in
connection with its operations at the Premises.

 

C.            Tenant and Landlord now desire to amend the
Lease as set forth below. Except as so
modified, the parties intend the Lease to remain in full force and effect in
accordance with its terms.

 

Agreement:

 

For good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as
follows:

 

1.             TEMPORARY PREMISES. In addition to the Premises, Tenant shall lease from Landlord
approximately 3,000 rentable square feet of space located on the second floor
of Building B of Sunset Corporate Park,
22845 NW Bennett Street, Hillsboro, Oregon 97124 (the “Temporary Premises”)
shown as the cross-hatched portion of the floor plan, attached as Exhibit A,
and by this reference incorporated herein.

 

2.             TERM. Tenant shall occupy the Temporary Premises beginning on or around June 1,
2004 (“Temporary Premises Commencement Date”). The initial term for the
Temporary Premises shall be three (3) months,
and shall automatically extend on month-to-month basis thereafter (“Temporary
Premises Term”). Either Landlord or Tenant may terminate the Temporary Premises Term effective after the
initial three (3) months by delivering the other party thirty (30)
days prior written notice.

 

3.             BASE RENT. The monthly Base Rent for the Temporary Premises shall be $2,500.00.
Tenant shall not pay any Operating Cost Share Rent or any Tax Share Rent in
connection with the Temporary Premises, and Tenant’s Proportionate Share shall
not increase as a result of its occupancy of the Temporary Premises.

 

1

 

4.             TENANT IMPROVEMENTS.  Prior to the Temporary Term Commencement Date,
Landlord shall construct, at Landlord’s sole cost and expense, the demising
wall shown on Exhibit A. Except as specifically stated in this Section 4,
Tenant accepts the Temporary Premises
AS-IS, and Landlord shall not be required to make any changes to the Temporary Premises.

 

5.              EFFECT OF AMENDMENT. Except as specifically amended and modified
herein, all other terms and conditions of the Lease shall remain in full force
and effect.

 

IN WITNESS WHEREOF, the
parties have executed this Amendment as of the date set forth above.

 

TENANT:

 

	
  FOCUS ENHANCEMENTS INC.

  
	
   

  
	
  By:

  	
  /s/ Thomas
  Hamilton

  	
   

  
	
  Name: Thomas
  Hamilton

  
	
  Title: Exec VP &
  GM

  
	
  Date:
  June 2, 2004

  
	
   

  
	
   

  
	
  LANDLORD:

  
	
   

  
	
  CARRAMERICA
  REALTY CORPORATION

  
	
   

  
	
  By:

  	
  /s/ Clete Casper

  	
   

  
	
  Name: Clete
  Casper

  
	
  Title: Managing
  Director

  
	
  Date:
  June 3, 2004Exhibit 10.32

 

BASE SALARIES OF NAMED EXECUTIVE OFFICERS OF THE REGISTRANT

 

As of April 14, 2008, the
Compensation Committee of Focus Enhancements Inc. (Focus) set the following
base salaries (on an annual basis) for our named executive officers:

 

	
  Brett Moyer

  President and Chief Executive Officer

  	
   

  	
  $

  	
  284,750*

  
	
  Michael Conway

  Senior Vice President of Strategy and Business Development

  	
   

  	
  $

  	
  155,990*

  
	
  Peter Mor

  Senior Vice President of Engineering and Operations

  	
   

  	
  $

  	
  183,600*

  
	
  Norman Schlomka

  Managing Director of COMO Computer and Motion GmbH

  	
   

  	
  $

  	
  133,660*

  
	
  Gary Williams

  Executive Vice President of Finance & CFO

  	
   

  	
  $

  	
  188,700*

  

 

*     Effective March 21, 2008, each
executive officer’s gross pay was reduced by fifteen percent (15%) for twenty
(20) consecutive pay periods, concluding on December 12, 2008. In exchange
each executive officer will be granted fully vested stock under the Company’s
2004 Stock Incentive Plan.

 

Each dollar of gross pay that an executive officer foregoes
pursuant to the Program will be converted into Focus Enhancements Inc., common
stock at a predefined exchange rate on a predefined date.  For the first five exchange dates, the
exchange rates are $0.40, $0.45, $0.50, $0.55 and $0.60, respectively.  For the remaining exchange dates, the
exchange rate will be the greater of $0.60 or 80% of the trailing 15 day
average price immediately preceding the exchange date.

 

Each of the named executive officers
will be eligible to receive a bonus for the year ending December 31, 2008.
Individual target bonuses range between 25% and 50% of an executive officer’s
base salary.

 

Like all employees of Focus, each of
the named executive officers is also eligible to receive an allocation pursuant
to Focus’ 401(k) Plan.

 

Each of the named executive officers
is also eligible to participate in Focus’ Stock Incentive Plans.EXHIBIT 10.10.1

 

FIRST AMENDMENT TO

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AND
NON-COMPETITION AGREEMENT

 

THIS FIRST AMENDMENT TO
AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AND NON-COMPETITION AGREEMENT (this “First
Amendment”), effective as of March 3, 2008, is entered into by and
between EnergySolutions, LLC, a Utah limited
liability company (the “Company”), ENV Holdings LLC (“ENV Holdings”),
and R STEVE CREAMER (the “Executive”).  This First Amendment amends that certain
Amended and Restated Executive Employment and Non-competition Agreement between
the Company and the Executive dated January 9, 2007 (the “Agreement”), as
follows:

 

1.                                     Section 4(a) of the Agreement is
hereby deleted in its entirety and the following is substituted in place
thereof:

 

(a)                                  Salary.  In
consideration of the services rendered by the Executive under this Agreement,
the Company shall pay the Executive a base salary (the “Base Salary”) at
the rate of $500,000 per calendar year. 
The Base Salary shall be paid in such installments and at such times as
the Company pays its regularly salaried executives and shall be subject to all
necessary withholding taxes, FICA contributions and similar deductions, as well
as set-off against any amounts Executive owes the Company or its affiliates. In
addition, if the Company at any time increases the salaries or hourly wages of
other employees of the Company generally by a percentage equally applied to
reflect a “cost-of-living increase”, the Base Salary shall be increased by the
same percentage cost-of-living increase at the time and in the same manner it
is given to other employees of the Company.

 

2.                                    The second paragraph of Section 4(b) of
the Agreement is hereby deleted in its entirety and the following is
substituted in place thereof:

 

For purposes of
this Agreement, (i) “EBITDA” shall mean the earnings of the Company
and its consolidated subsidiaries before interest, taxes, depreciation,
accretion and amortization, calculated in accordance with generally accepted
accounting principles; (ii) “Actual EBITDA” shall mean, for any
fiscal year of the Company, the EBITDA of the Company and its consolidated
subsidiaries for such fiscal year as reflected on the Company’s financial
statements for such fiscal year; and (iii) “Budgeted EBITDA” shall
mean, for any fiscal year of the Company, the EBITDA for the Company and its
consolidated subsidiaries for such fiscal year set forth in the budget for such
fiscal year adopted by the Board.

 

3.                                     Section 4(f) of the Agreement
is hereby deleted in its entirety.

 

4.                                     Schedule 1 to the Agreement is hereby
deleted in its entirety and the Schedule 1 attached hereto and by this
reference incorporated herein is substituted in place thereof.

 

5.                                     The parties hereby ratify and confirm all
terms and conditions set forth in the Agreement that are not expressly modified
by this First Amendment. This First Amendment and the Agreement shall be
considered, for all intents and purposes, as one agreement.  In the event of any conflict between the
terms and provisions of this First Amendment and the terms and provisions of
the Agreement, the terms and provisions of this First Amendment shall, in all
instances, prevail.

 

IN WITNESS WHEREOF, the
parties hereto have duly executed this First Amendment as of the day and year
first above written.

 

	
  ENERGYSOLUTIONS, LLC.  

  	
  ENV HOLDINGS LLC  

  
	
   

  	
   

  
	
  By

  	
  /s/ Raul Deju

  	
   

  	
  By  

  	
  /s/ Lance Hirt

  
	
   

  	
  Raul Deju

  	
   

  	
   

  	
  Lance Hirt  

  
	
   

  	
  President

  	
   

  	
   

  	
  Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  /s/ R Steve Creamer

  	
   

  	
   

  	
   

  
	
  R Steve Creamer

  	
   

  	
   

  	
   

  
						

 

 

Schedule
1

 

Target Bonus

 

	
   

  	
   

  	
  Percentage that Actual EBITDA for a fiscal year

  represents of Budgeted EBITDA for such fiscal year

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  90

  	
  %

  	
  100

  	
  %

  	
  110

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Percentage of Base Salary payable as a Bonus

  	
   

  	
  25

  	
  %

  	
  100

  	
  %

  	
  200

  	
  %

  

 

The Bonus payable to the
Executive hereunder for each fiscal year is to be interpolated for Actual
EBITDA between 90% and 100% or between 100% and 110% of Budgeted EBITDA.

 

For example, if Actual
EBITDA represents 95% of Budgeted EBITDA, a Bonus of 62.5% of the Executive’s
Base Salary would be payable, calculated as follows:

 

(1)                                  The increase of Actual EBITDA over the
90% of Budgeted EBITDA benchmark, which in this case equals 5%, is divided by
the difference between (a) 100% and (b) 90% (the two applicable
Budgeted EBITDA benchmarks), yielding 50%;

 

(2)                                  This amount (50%) is then multiplied by
the difference between (x) 100% (the Bonus at 100% of Budgeted EBITDA) and
(y) 25% (the Bonus at 90% of Budgeted EBITDA), which equals 37.5% of the
Executive’s Base Salary as the Target Bonus. This incremental 37.5% is added to
the 25% Base Salary Target Bonus at 90% of Budgeted EBITDA for a total Target
Bonus equal to 62.5% of Base Salary.

 

On the other hand, if
Actual EBITDA represents 105% of Budgeted EBITDA, then a Bonus of 150% of the
Executive’s Base Salary would be payable, calculated as follows:

 

(1)                                  The increase of Actual EBITDA over the
100% of Budgeted EBITDA benchmark, which in this case equals 5%, is divided by
the difference between (a) 110% and (b) 100% (the two applicable
Budgeted EBITDA benchmarks), yielding 50%;

 

(2)                                  This amount (50%) is then multiplied by
the difference between (x) 200% (the Target Bonus at 110% of Budgeted
EBITDA) and (y) 100% (the Target Bonus at 100% of Budgeted EBITDA),
resulting in a 50% incremental increase in the Target Bonus, which when added
to the 100% of Base Salary payable when Actual EBITDA equals 150% of Budgeted
EBITDA Benchmark, yields an aggregate bonus equal to 150% of the Executive’s
Base Salary.

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