Document:

Employment Agreement dated Jan. 3, 2003

 EXHIBIT 10.21 
  
 EMPLOYMENT AGREEMENT 
  
 between 
  
 PEAK INTERNATIONAL LIMITED 
  
 and 
  
 WILLIAM SNYDER 
  
 Dated: January 3, 2003 

 Employment Agreement 
 January 3, 2003 
  Page
 2
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 THIS AGREEMENT is made as of January 3, 2003 between PEAK INTERNATIONAL LIMITED, a company incorporated in Bermuda,
with its principal office at 44091 Nobel Drive, Fremont, CA 94538 (the “Company”); and William Snyder, residing at 17321 Parkside Court, Monte Sereno, CA 95030 (the “Employee”). 
  
 The parties agree as follows: 
  
 1. PAYMENT UPON TERMINATION OF EMPLOYMENT 
  

	 	1.1.	 	The term (“Term”) of this Agreement shall commence on January 3, 2003 and shall remain in effect until the earlier of (a) December 31, 2004 or (b) until terminated as
hereinafter provided. 

  

	 	1.2.	 	Employee shall be paid a monthly salary of $20,833.33 and shall be entitled to participate in all Company benefit plans in effect from time to time. 

  

	 	1.3.	 	Subject to clauses 1.5 and 3, the Employee shall be entitled to a lump-sum payment in an amount equal to the greater of (a) $250,000 or (b) 12 months base salary at the rate in
effect at the time of termination, and any accrued but unused vacation pay (the “Termination Payment”) within 15 days of the termination of employment during the term hereof, and all of Employee’s stock options which would have vested
within 18 months of the date of termination of employment shall immediately vest in full and, notwithstanding anything to the contrary contained in any other document, be fully exercisable for a period of one year. 

  

	 	1.4.	 	The Termination Payment shall be in full and final settlement of any rights, payments or benefits to which the Employee is entitled under any other agreement or arrangement pursuant
to which he is employed by the Company or any of its subsidiaries or affiliates other than: 

  

	 	1.4.1.	 	benefits pursuant to any life, disability, health, or other insurance policy or benefit plan provided by the Company; 

  

	 	1.4.2.	 	stock options issued to Employee pursuant to any stock option plan of the Company. 

  

	 	1.5.	 	The Employee shall not be entitled to the Termination Payment when employment is terminated in any of the following circumstances (the Employee being entitled, in such
circumstances, only to payment for accrued and unused vacation, any payments to which he is otherwise entitled pursuant to life, disability, health or other insurance plan, and to exercise any stock option to the extent otherwise vested and
exercisable under the terms of such plan and stock option agreements): 

  

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 Employment Agreement 
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	 	1.5.1.	 	the conviction of the Employee of a felony involving dishonesty; 

  

	 	1.5.2.	 	termination of the Employee for Good Cause. “Good Cause” shall mean (i) Employee’s conviction of or guilty plea to the commission of an act or acts constituting a
felony under the laws of the United States or any state thereof, (ii) action by the Employee involving personal dishonesty, theft or fraud in connection with the Employee’s duties as an officer of the Company, or (iii) a breach of any one or
more material terms of this Agreement (including but not limited to the confidentiality and non-solicitation provisions contained herein.) 

  

	 	1.5.3.	 	any material breach by the Employee of the terms of this Agreement that the Employee has failed to cure within 10 days of receipt of written notice of such breach from the Company;

  

	 	1.5.4.	 	the death of the Employee; 

  

	 	1.5.5.	 	the inability of the Employee due to ill health or physical or mental condition to perform the duties and responsibilities in the ordinary and usual manner required of a person in
the Employee’s position for 180 consecutive days; 

  

	 	1.5.6.	 	the resignation by the Employee, except if such resignation is the result of any of the following actions by the company (which actions are hereinafter referred to as “Good
Reason”): (1) the assignment to the Employee of any duties materially inconsistent with the Employee’s position with the Company on the date of this Agreement or a substantial adverse alteration in the nature of the Employee’s
responsibilities from those in effect on the date of this Agreement; or (2) a reduction by the Company of the Employee’s base salary to less than $250,000 per year. 

  
 2. CHANGE IN CONTROL 
  

	 	2.1.	 	“Change in Control” of the Company means any transaction or series of transactions in which any of the following occurs: 

  

	 	2.1.1.	 	the acquisition by any “person” (as such term is used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or by
the Company or a person that directly or indirectly controls, is controlled by, or is under common control with, the Company) of the “beneficial ownership” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities, 

  

	 	2.1.2.	 	the consummation of a merger or consolidation of the Company with or into any other corporation, other than a merger or consolidation that would result in the voting securities of
the Company outstanding prior thereto continuing to represent 

  

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	 	  	 	(either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the
voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or 

  

	 	2.1.3.	 	the consummation of a plan of complete liquidation of the Company or of the sale or disposition by the Company of all or substantially all of the Company’s assets.

  

	 	2.2.	 	In the event Employee’s employment with the Company is terminated in anticipation of or within two years following a Change of Control (i) by the Company without Good Cause or
(ii) by Employee with Good Reason (as defined above), then, in addition to the payments Employee shall be entitled to pursuant to paragraph 1, above, all of Employee’s stock options shall immediately vest in full and, notwithstanding anything
to the contrary contained in any other document, be fully exercisable for a period of one year. 

  
 3. LIMITATION ON PAYMENTS 
  

	 	3.1.	 	In the event that the payments to Employee under this Agreement (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this
Section 3, would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code or any similar or successor provision, then the payments shall be reduced to such lesser amount that would result in no portion of the payments being
subject to excise tax under Section 4999 of the Internal Revenue Code. Any determination required under this Section 3 shall be made by the Company’s independent accountants (the “Accountants”), whose determination shall be conclusive
and binding upon Employee and the Company for all purposes. For purposes of making the calculations required by this Section 3, 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 Employee shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to
make a determination under this Section 3. 

  
 4. CONFIDENTIALITY 
  

	 	4.1.	 	The Employee understands that by virtue of the Employment, the Employee has been and will be exposed to confidential information, including all ideas, information and materials,
tangible or intangible, relating to the business of the Company and its subsidiaries, their personnel (including their officers, directors, shareholders, trustees, agents, employees and contractors), their customers, clients, vendors, suppliers,
distributors, consultants, and others with whom the Company and its subsidiaries do business (“Confidential Information”). 

  

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 Employment Agreement 
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	 	4.2.	 	The Employee agrees not to disclose any Confidential Information obtained during the Employment for a period of 12 months after the termination of the Employment and thereafter not
to disclose the same unless the proposed recipient of the Confidential Information has entered into an undertaking with the Companyto keep the same confidential on terms no less exacting than those set out herein; and provided always that the
Employee shall not be obliged to keep confidential any Confidential Information required to be disclosed as a matter of law or to the extent that it becomes generally known to the public other than as a result of any breach by the Employee of the
terms herein. 

  

	 	4.3.	 	The Employee covenants and undertakes that after the termination of the Employment, the Employee 

  

	 	4.3.1.	 	shall not for a period of 12 months after the termination of the Employment use any Confidential Information for any purpose; 

  

	 	4.3.2.	 	shall not retain or take with the Employee any Confidential Information in a tangible form, which includes ideas, information or materials in written or graphic form, on a computer
disc or other medium, or otherwise stored in or available through electronic or other form (“Tangible Form”); and 

  

	 	4.3.3.	 	shall immediately deliver to the Company any Confidential Information in a Tangible Form that the Employee may then or thereafter hold or control, as well as all other property,
equipment, documents or things that the Employee was issued or otherwise received or obtained during the Employment. 

  
 5. RESTRICTIVE COVENANTS 
  

	 	5.1.	 	The Employee covenants and undertakes that for a period of 12 months following the termination of the Employment for any reason, the Employee shall not: 

  

	 	5.2.	 	directly or indirectly induce any person who is an employee of the Company (or any of its subsidiaries) to terminate his or her employment with the Company (or any of its
subsidiaries), whether or not such termination constitutes a breach of that person’s employment contract; 

  

	 	5.3.	 	directly or indirectly solicit the customer or business of any person who, as at the date of termination of the Employment, is (or, within the preceding period of 12 months, was) a
client or customer of the Company or its subsidiaries, with the intention or for the purpose of supplying (or procuring the supply of) precision engineered semiconductor packing material (including, without limitation, the collecting and recycling
of semiconductor packing material); or 

  

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	 	5.4.	 	directly or indirectly and whether on his own account or on account of any future employer, partner or associate, compete with the Company or otherwise engage in or provide services
related to the precision engineered semiconductor packing business (including, without limitation, the business of collecting and recycling semiconductor packing material) in Hong Kong, Singapore, Malaysia or the United States of America.

  
 6. RELEASE 
  

	 	6.1.	 	In consideration of, and as an express condition precedent to, the Company’s obligation to make the Termination Payment, the Employee shall sign and deliver to the Company a
General Release in the form attached hereto as Appendix 1. 

  

	 	6.2.	 	The Company shall not be obliged to make the Termination Payment in the event that the General Release is not signed and delivered to the Company within 15 days of receipt of notice
following termination of the Employment and the Company shall, thereafter, be released of its duties and obligations or further duties and obligations under this Agreement and the Employee shall waive or cause to be waived any claims that the
Employee may have under this Agreement. 

  
 7. ASSIGNMENT 
  

	 	7.1.	 	The rights and obligations under this Agreement shall inure to and be binding upon the parties hereto and their respective heirs, successors and assigns. 

 
 8. NOTICES 
  

	 	8.1.	 	All notices and other communications provided for hereunder must be in writing and must be sent by courier to the party’s address indicated above or to such other address as
may be designated by a party by notice. 

  

	 	8.2.	 	Notices hereunder shall be effective when delivered. 

  
 9. MISCELLANEOUS 
  

	 	9.1.	 	This Agreement shall supersede any and all prior written or oral agreements and discussions between the Employee and the Company regarding the subject matter hereof and this
Agreement contains the entire understanding of the parties in respect of the subject matter hereof. 

  

	 	9.2.	 	If any of the restrictions contained in this Agreement shall be void or unenforceable, then the remainder of this Agreement shall be enforced to the fullest extent permitted by law.

  

	 	9.3.	 	This Agreement is made in and shall be governed by and construed in accordance with the laws of the state of California. 

  

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 10. DISPUTES 
  

	 	10.1.	 	Any dispute hereunder shall be settled by binding arbitration in Alameda County, CA in the English language before a single arbitrator pursuant to the rules of the American
Arbitration Association. Each party shall bear its own legal fees and costs. The cost of arbitration shall be paid by the Company. 

  
 11. Survival 
  

	 	11.1.	 	Sections 2, 4, 5, 6, 9, and 10 shall survive the termination of this Agreement. 

  
 12. This Agreement supersedes all prior agreements between the Company and the Employee regarding the
subject matter hereof. 
  
 IN WITNESS WHEREOF the parties hereto have duly
executed this Agreement the day and year first above written. 
  

	
	 /s/    WILLIAM SNYDER

	William Snyder

  

		
	 SIGNED by
	 	 /s/    JACK MENACHE

	 duly authorized for and on behalf of
 PEAK INTERNATIONAL LIMITED

  

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 APPENDIX I 
  

GENERAL RELEASE 
  
 [Insert Date] 
  
 I, William Snyder, hereby release Peak International Limited (the “Company”) of certain duties and obligations and waive any rights or remedies that I may have
against the Company as provided in this letter. This letter is delivered pursuant to the Employment Agreement entered into between the Company and me dated January 3, 2003 (the “Employment Agreement”). 
  
 In consideration of the promises and mutual covenants contained in the Employment Agreement,
and for good and valuable consideration, the receipt and sufficiency of which is expressly acknowledged, I hereby: 
  

	 	1.	 	release and discharge the Company and its subsidiaries, and each of their respective past and present officers, directors, shareholders, managers, employees and agents, and their
respective successors and assigns (collectively the “Released Parties”), from any and all claims or demands, that I may have, whether past, present or future, against the Released Parties, statutory or otherwise, to the fullest extent
permissible by law; and 

  

	 	2.	 	waive the obligations, duties and liabilities that the Company may have, whether past, present or future, statutory or otherwise, to the fullest extent permissible by law; arising
out of or relating in any way to my employment with or termination of my employment with the Company. 

  
 This letter shall be governed by, subject to and construed and enforced pursuant to the terms and conditions of the Employment Agreement. 
  

	
	  

	William Snyder

  

 8Amendment #1 to Loan & Security Agreement dated 02/27/2002

 EXHIBIT 10.32 
  
 AMENDMENT NUMBER ONE 
 TO LOAN AND SECURITY AGREEMENT 
  
 This AMENDMENT NUMBER ONE TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of February 27, 2002, between FOOTHILLCAPITAL CORPORATION, a California corporation
(the “Lender”) and BRIO SOFTWARE, INC., a Delaware corporation (“Borrower”), with reference to the following: 
  
 WHEREAS, Borrower has previously entered into that certain Loan and Security Agreement, dated as of December 14, 2001 (as so modified and as
otherwise heretofore amended, modified or supplemented from time to time, the “Agreement”), with Lender pursuant to which Lender has made certain loans and financial accommodations available to Borrower. Terms used herein without
definitions shall have the meanings ascribed to them in the Agreement; and 
  
 WHEREAS, the Borrower requested and Lender has agreed to amend the Agreement as set forth herein. 
  
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
  
 1. Amendments To The Agreement. 
  
 (a) Section 1.1 of the Agreement hereby is amended by amending and restating the definition of “EBITDA” as follows: 
  
 “EBITDA” means, with respect to any fiscal period, (a) Borrower’s and its Subsidiaries
consolidated net earnings (or loss), plus (b) extraordinary non-cash losses occurring on or prior to June 30, 2002 and in an aggregate amount up to $500,000, minus (c) extraordinary gains, plus interest expense, income taxes,
and depreciation and amortization, plus the stock compensation charge directly derived from Borrower’s repricing of its stock options and the associated variable plan accounting charge for such period, as determined in accordance with
GAAP. 
  
 2. Conditions Precedent to Amendment. The
satisfaction of each of the following, unless waived or deferred by Lender, shall constitute conditions precedent to the effectiveness of this Amendment and each and every provision hereof: 
  
 (a) Lender shall have received this Amendment, duly executed
by the parties hereto, and the same shall be in full force and effect; 

 (b) Lender shall have received a certificate from the Secretary of Borrower attesting to
the incumbency and signatures of authorized officers of Borrower and to the resolutions of Borrower’s Board of Directors authorizing its execution and delivery of this Amendment, the performance of its obligations under this Amendment and the
Agreement as amended by this Amendment, and authorizing specific officers of Borrower to execute and deliver the same; 
  
 (c) The representations and warranties in this Amendment, the Agreement as amended by this Amendment, and the other Loan Documents shall
be true and correct in all respects on and as of the date hereof as though made on such date (except to the extent that such representations and warranties relate solely to an earlier date); 
  
 (d) After giving effect to this Amendment, no Default or
Event of Default shall have occurred and be continuing on the date hereof, or shall result from the consummation of the transactions contemplated herein; 
  
 (e) No injunction, writ, restraining order, or other order of any nature prohibiting, directly or indirectly, the consummation of the
transactions contemplated herein shall have been issued and remain in force by any governmental authority against Lender or Borrower; and 
  
 (f) All other documents and legal matters in connection with the transactions contemplated by this Amendment shall have been delivered or
executed or recorded and shall be in form and substance satisfactory to Lender and its counsel. 
  
 3. Representations and Warranties. Borrower hereby represents and warrants to Lender that (a) the execution, delivery, and performance of this
Amendment and of the Agreement, as amended by this Amendment, are within Borrower’s corporate powers, have been duly authorized by all necessary corporate action, and are not in contravention of any law, rule, or regulation, or any order,
judgment, decree, writ, injunction, or award of any arbitrator, court, or governmental authority, or of the terms of its charter or bylaws, or of any contract or undertaking to which it is a party or by which any of its properties may be bound or
affected, and (b) this Amendment and the Agreement, as amended by this Amendment, constitute Borrower’s legal, valid, and binding obligation, enforceable against Borrower in accordance with its terms, and (c) this Amendment has been duly
executed and delivered by Borrower. 
  
 4. Choice of Law.
The validity of this Amendment, its construction, interpretation and enforcement, and the rights of the parties hereunder, shall be determined under, governed by, and construed in accordance with the laws of the State of California. 
  
 5. Counterparts; Telefacsimile Execution. This Amendment may be
executed in any number of counterparts and by different parties and separate counterparts, each of which when so executed and delivered, shall be deemed an original, and all of which, when taken together, shall constitute one and the same
instrument. Delivery of an executed counterpart of a signature page to this Amendment by telefacsimile shall be effective as delivery of a manually executed counterpart of this Amendment. Any party delivering an executed counterpart of this
Amendment by telefacsimile also shall deliver a manually executed counterpart of this 

 Amendment but the failure to deliver a manually executed counterpart shall not affect the validity, enforceability, and
binding effect of this Amendment. 
  
 6. Effect on Loan
Documents. 
  
 (a) The Agreement, as amended
hereby, and the other Loan Documents shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects. The execution, delivery, and performance of this Amendment shall not,
except as expressly set forth herein, operate as a waiver of or, except as expressly set forth herein, as an amendment of, any right, power, or remedy of Lender as in effect prior to the date hereof. The waivers, consents, and modifications herein
are limited to the specifics hereof, shall not apply with respect to any facts or occurrences other than those on which the same are based, shall not excuse future non-compliance with the Agreement, and shall not operate as a consent to any further
or other matter, under the Loan Documents. 
  
 (b)
Upon and after the effectiveness of this Amendment, each reference in the Agreement to “this Agreement”, “hereunder”, “herein”, “hereof” or words of like import referring to the Agreement, and each reference
in the other Loan Documents to “the Agreement”, “thereunder”, “therein”, “thereof” or words of like import referring to the Agreement, shall mean and be a reference to the Agreement as modified and amended
hereby. 
  
 (c) To the extent that any terms and
conditions in any of the Loan Documents shall contradict or be in conflict with any terms or conditions of the Agreement, after giving effect to this Amendment, such terms and conditions are hereby deemed modified or amended accordingly to reflect
the terms and conditions of the Agreement as modified or amended hereby. 
  
 7. Further Assurances. Borrower shall execute and deliver all agreements, documents, and instruments, in form and substance satisfactory to Lender, and take all actions as Lender may reasonably request from
time to time, to perfect and maintain the perfection and priority of Lender’s security interests in the Collateral and to fully consummate the transactions contemplated under this Amendment and the Agreement, as amended by this Amendment.

  
 8. Entire Agreement. This Amendment, together with all
other instruments, agreements, and certificates executed by the parties in connection herewith or with reference thereto, embody the entire understanding and agreement between the parties hereto and thereto with respect to the subject matter hereof
and thereof and supersede all prior agreements, understandings, and inducements, whether express or implied, oral or written. 
  
 [Signature page follows.] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first
written above. 
  

	 BRIO SOFTWARE, INC. 
 a
Delaware corporation

		
	 By:
	 	 /s/    CRAIG D. BRENNAN        

	 	 	 Name: Craig D. Brennan
 Title: President and
Chief Executive Officer

	
	 FOOTHILL CAPITAL CORPORATION,
 a California corporation

		
	 By:
	 	 /s/    KURT R. MARSDEN        

	 	 	 Name: Kurt R. Marsden
 Title: Senior Vice
President

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