Document:

Amended and Restated Warrant Agreement

 Exhibit 10.1 
 AMENDED AND RESTATED WARRANT AGREEMENT 
 AMENDED AND RESTATED WARRANT AGREEMENT (the
“Amended Agreement”), dated December 16, 2008 by and between ACTION PRODUCTS INTERNATIONAL, INC., a Florida corporation (the “Company”), and REGISTRAR AND TRANSFER COMPANY, as Warrant Agent (the
“Warrant Agent”). 
 WHEREAS, the Company and the Warrant Agent entered into a Warrant Agreement (the “Original
Agreement”) dated June 12, 2003; and 
 WHEREAS, each record holder of the Company’s common stock, $0.001 par value, (the
“Common Stock”) on the record date of June 12, 2003 (the “Record Date”), received one (1) warrant (a “Warrant”) to purchase an additional share of the Company’s Common Stock for each
one (1) share of Common Stock (a “Common Share”) held on the Record Date at an exercise price as determined in the Original Agreement; and 
 WHEREAS, the Warrants were exercisable until June 11, 2004, unless earlier redeemed as provided in the Original Agreement; and 
 WHEREAS, the Company approved extending the expiration date to December 31, 2010, unless earlier redeemed as provided in the Original Agreement; and 
 WHEREAS, the Company approved reducing the Exercise Price to $1.00 per Common Share from the Amended Effective Date to through December 31, 2010,
unless earlier redeemed as provided in this Amended Agreement; and 
 WHEREAS, the Company desires the Warrant Agent to act on behalf of the
Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer and exchange of certificates representing the Warrants and the exercise of the Warrants; and 
 WHEREAS, the Company and the Warrant Agent desire to amend and restated the Original Agreement as set forth herein. 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter set forth and for the purpose of defining the terms and provisions
of the Warrants and the certificates representing the Warrants and the respective rights and obligations thereunder of the Company, the holders of certificates representing the Warrants and the Warrant Agent, the parties hereto agree as follows:

 1. Definitions. Capitalized terms used herein and not otherwise defined shall have the following meanings, unless the context shall
otherwise require: 
 “Amended Effective Date” shall mean December 16, 2008. 
 “Corporate Office” shall mean the office of the Warrant Agent (or its successor) at which at any particular time its
principal business shall be administered, which office is located on the date hereof at 10 Commerce Drive, Cranford, New Jersey 07016. 
 “Effective Date” shall mean July 31, 2003. 
 “Exercise
Date” shall mean as to any Warrant, the date on which the Warrant Agent shall have received both (a) the Warrant Certificate representing such Warrant, with the Exercise Form thereon duly executed by the Registered Holder hereof with
such Registered Holder’s signature guaranteed, and (b) payment in cash or by bank or cashier’s check made payable to the Warrant Agent for the account of the Company, of the amount in lawful money of the United States of America equal
to the applicable Exercise Price. 

 “Exercise Price” shall mean $1.00 per Common Share, subject to
modification and adjustment as provided in Section 8. 
 “Expiration Date” shall mean, unless the
Warrants are redeemed as provided in Section 9 hereof prior to such date, 5:00 p.m. (Eastern Time) December 31, 2010. 
 “Registered Holder” shall mean the person in whose name any certificate representing the Warrants shall be registered on the books maintained by the Warrant Agent pursuant to Section 6. 
 “Warrant Certificate” shall mean a certificate representing each of the Warrants substantially in the form annexed to the
Original Agreement as Exhibit A. The outstanding Warrant Certificates shall be deemed amended consistent with the amendments as provided herein. 
 2. Warrants and Issuance of Warrant Certificates. 
 (a) Each Warrant shall entitle the Registered Holder of
the Warrant Certificate representing such Warrant to purchase at the Exercise Price therefor from the Effective Date until the Expiration Date one (1) Common Share upon the exercise thereof, subject to modification and adjustment as provided in
Section 8. 
 (b) From time to time, up to the Expiration Date, the Warrant Agent shall countersign and deliver Warrant
Certificates in required denominations of one or whole number multiples thereof to the person entitled thereto in connection with any transfer or exchange permitted under this Amended Agreement. No Warrant Certificates shall be issued except
(i) Warrant Certificates initially issued hereunder, (ii) those issued on or after the Effective Date, upon the exercise of fewer than all Warrants represented by any Warrant Certificate, to evidence any unexercised Warrants held by the
exercising Registered Holder, (iii) Warrant Certificates issued upon any transfer or exchange of Warrants, (iv) Warrant Certificates issued in replacement of lost, stolen, destroyed or mutilated Warrant Certificates pursuant to
Section 7, and (v) at the option of the Company, Warrant Certificates in such form as may be approved by its Board of Directors, to reflect any adjustment or change in the Exercise Price, the number of shares of Common Shares purchasable
upon exercise of the Warrants or the redemption price therefor made pursuant to Section 9 hereof. 
 3. Form and Execution of Warrant
Certificates. The Warrant Certificates shall be substantially in the form annexed to the Original Agreement and may have such letters, numbers or other marks of identification or designation and such legends, summaries or endorsements printed,
lithographed or engraved thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Amended Agreement, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with
any rule or regulation of any stock exchange or market on which the Warrants may be listed, or to conform to usage. The Warrant Certificates shall be dated the date of issuance thereof (whether upon initial issuance, transfer, exchange or in lieu of
mutilated, lost, stolen or destroyed Warrant Certificates). Warrant Certificates shall be executed on behalf of the Company by its Chairman of the Board, President or any Vice President and by its Treasurer or an Assistant Treasurer or its Secretary
or an Assistant Secretary, by manual signatures or by facsimile signatures printed thereon, and shall have imprinted thereon a facsimile of the Company’s seal. Warrant Certificates shall be manually countersigned by the Warrant Agent and shall
not be valid for any purpose unless so countersigned. In case any officer of the Company who shall have signed any of the Warrant Certificates shall cease to be such officer of the Company before the date of issuance of the Warrant Certificates or
before countersignature by the Warrant Agent and issue and delivery thereof, such Warrant Certificates, nevertheless, may be countersigned by the Warrant Agent, issued and delivered with the same force and effect as though the person who signed such
Warrant Certificates had not ceased to be such officer of the Company. 
  

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 4. Exercise. 
 (a) Warrants may be exercised commencing at any time on or after the Effective Date, but not after the Expiration Date, upon the terms and
subject to the conditions set forth herein and in the applicable Warrant Certificate. A Warrant shall be deemed to have been exercised immediately prior to the close of business on the Exercise Date, provided that the Warrant Certificate
representing such Warrant, with the Exercise Form thereon duly executed by the Registered Holder thereof with such Registered Holder’s signature guaranteed, together with payment in cash or by bank or cashier’s check made payable to the
order of the Company, of an amount in lawful money, of the United States of America equal to the applicable Exercise Price, has been received in good funds by the Warrant Agent or the Company. If received by the Company, the Company shall deliver
the original Warrant Certificate and Exercise Form to the Warrant Agent as soon as practicable. The person entitled to receive the securities deliverable upon such exercise shall be treated for all purposes as the holder of such securities as of the
close of business on the Exercise Date. As soon as practicable on or after the Exercise Date and in any event within five business days after such date, the Warrant Agent on behalf of the Company shall cause to be issued to the person or persons
entitled to receive the same a certificate or certificates for the Common Shares deliverable upon such exercise, and the Warrant Agent shall deliver the same to the person or persons entitled thereto. Upon the exercise of Warrants, the Warrant Agent
shall promptly notify the Company in writing of such fact and of the number of securities delivered upon such exercise and shall cause all payments of an amount in cash or by check made payable to the order of the Company, equal to the Exercise
Price, to be deposited promptly in the Company’s bank account. 
 (b) If any Warrants are exercised which exercise was
solicited by a broker-dealer with whom the Company agreed in writing to pay a solicitation fee for exercise of the Warrant (a “Broker-Dealer”), then the soliciting Broker-Dealer shall be entitled to receive from the Company upon
exercise of each of the Warrants so exercised, a fee of not less than six percent (6%) and not greater than ten percent (10%), the exact percentage to be determined by a separate agreement between the Company and the Broker-Dealer, of the
aggregate price of the Warrants so exercised (the “Exercise Fee”); provided, that, at the time of exercise, (i) the market price of the Company’s Common Shares is equal to or greater than the Exercise Price, (ii) the
Broker-Dealer is a member of Financial Industry Regulation Authority, Inc. (iii) the Warrant is not held in a discretionary account, unless prior specific written approval for exercise has been received by the Broker-Dealer from its customer,
(iv) disclosure of the compensation arrangement is made in documents provided to the holders of the Warrants, and (v) the solicitation of the Warrant is not in violation of Regulation M promulgated under the Securities Exchange Act of
1934, as amended. Within five (5) days after the end of each month, the Warrant Agent will notify the Company of each Warrant Certificate which has been properly completed for exercise by holders of Warrants during the last month. The Warrant
Agent will provide the Company with such information, in connection with the exercise of each Warrant, as the Company shall reasonably request. In the event that an Exercise Fee is paid to a Broker-Dealer with respect to a Warrant which was not
properly completed for exercise or in respect of which such Broker-Dealer is not entitled to an Exercise Fee, such Broker-Dealer will return such Exercise Fee to the Company. 
 (c) The Company shall not be obligated to issue any fractional share interests or fractional warrant interests upon the exercise of any
Warrant or Warrants, nor shall it be obligated to issue scrip or pay cash in lieu of fractional interests. Any fractional interest shall be rounded up to the nearest whole figure. 
 (d) Anything in this Section 4 notwithstanding, no Warrant will be exercisable unless at the time of exercise the Company has filed
with the Securities and Exchange Commission, and there shall be then effective, a registration statement under the 1933 Act covering the offer and sale of the Common Shares issuable upon exercise of such Warrant and such offer and sale of the Common
Shares have been so registered or qualified or deemed to be exempt under the securities laws of the state of residence of the holder of such Warrant. 
  

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 (e) In addition, if it is required by law and upon instruction by the Company, the
Warrant Agent will deliver to each Registered Holder a prospectus that complies with the provisions of Section 5 of the 1933 Act and the Company agrees to supply the Warrant Agent with a sufficient number of prospectuses to effectuate that
purpose. 
 5. Reservation of Shares; Payment of Taxes. 
 (a) The Company covenants that it will at all times reserve and keep available out of its authorized Common Stock, solely for the purpose
of issuance upon exercise of warrants, such number of shares of Common Stock as shall then be issuable upon the exercise of all outstanding Warrants. The Company covenants that all Common Shares which shall be issuable upon exercise of the Warrants
shall, at the time of delivery thereof, be duly and validly issued and fully paid and nonassessable and free from all preemptive or similar rights, taxes, liens and charges with respect to the issuance thereof. 
 (b) The Company shall pay all documentary, stamp or similar taxes and other governmental charges that may be imposed with respect to the
issuance of Warrants, or the issuance or delivery of any Common Shares upon exercise of the Warrants; provided, however, that if Common Shares are to be delivered in a name other than the name of the Registered Holder of the Warrant Certificate
representing any Warrant being exercised, then no such delivery shall be made unless the person requesting the same has paid to the Warrant Agent the amount of transfer taxes or charges incident thereto, if any. 
 6. Exchange and Registration of Transfer. 
 (a) Warrant Certificates may be exchanged for other Warrant Certificates representing an equal aggregate number of Warrants or may be transferred in whole or in part. Warrant Certificates to be so exchanged shall be
surrendered to the Warrant Agent at its Corporate Office, and, upon satisfaction of the terms and conditions hereof, the Company shall execute and the Warrant Agent shall countersign, issue and deliver in exchange therefor the Warrant Certificate or
Certificates which the Registered Holder making the exchange shall be entitled to receive. 
 (b) The Warrant Agent shall
keep, at its Corporate Office, books in which, subject to such reasonable regulations as it may prescribe, it shall register Warrant Certificates and the transfer thereof. Upon due presentment for registration of transfer of any Warrant Certificate
at such office, the Company shall execute and the Warrant Agent shall issue and deliver to the transferee or transferees a new Warrant Certificate or Certificates representing an equal aggregate number of Warrants. 
 (c) With respect to any Warrant Certificates presented for registration of transfer, or for exchange or exercise, the Exercise Form or
Assignment Form, as the case may be, on the reverse thereof shall be duly endorsed or be accompanied by a written instrument or instruments of transfer and subscription, in form satisfactory to the Company and the Warrant Agent, duly executed by the
Registered Holder thereof with such Registered Holder’s signature guaranteed. 
 (d) A service charge may be imposed by
the Warrant Agent for any exchange, registration or transfer of Warrant Certificates. 
 (e) All Warrant Certificates
surrendered for exercise or for exchange shall be promptly canceled by the Warrant Agent. 
 (f) Prior to due presentment for
registration or transfer thereof, the Company and the Warrant Agent may deem and treat the Registered Holder of any Warrant Certificate as the absolute owner thereof of each Warrant represented thereby (notwithstanding any notations of ownership or
writing thereon made by anyone other than the Company or the Warrant Agent) for all purposes and shall not be affected by any notice to the contrary. 
  

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 7. Loss or Mutilation. Upon receipt by the Company and the Warrant Agent of evidence satisfactory
to them of the ownership of and the loss, theft, destruction or mutilation of any Warrant Certificate and (in the case of loss, theft or destruction) of indemnity satisfactory to them, and (in case of mutilation) upon surrender and cancellation
thereof, the Company shall execute and the Warrant Agent shall countersign and deliver in lieu thereof a new Warrant Certificate representing an equal aggregate number of Warrants. Applicants for a substitute Warrant Certificate shall also comply
with such other reasonable requests and pay such other reasonable costs and expenses as the Warrant Agent may impose. 
 8. Adjustments of
Number and Kind of Shares Purchasable and Exercise Price. The number and kind of securities or other property purchasable upon exercise of a Warrant shall be subject to adjustment from time to time upon the occurrence, after the date hereof, of
any of the following events: 
 (a) In case the Company shall (i) pay a dividend in, or make a distribution of, shares of
capital stock on its outstanding Common Shares, (ii) subdivide its outstanding Common Shares into a greater number of such shares or (iii) combine its outstanding Common Shares into a smaller number of such shares, the total number of
Common Shares purchasable upon the exercise of each Warrant outstanding immediately prior thereto shall be adjusted so that the holder of any Warrant Certificate thereafter surrendered for exercise shall be entitled to receive at the same aggregate
Exercise Price the number of shares of capital stock (of one or more classes) which such holder would have owned or have been entitled to receive immediately following the happening of any of the events described above had such Warrant been
exercised in full immediately prior to the record date with respect to such event. Any adjustment made pursuant to this subsection shall, in the case of a stock dividend or distribution, become effective as of the record date therefor and, in the
case of a subdivision or combination, be made as of the effective date thereof. If, as a result of an adjustment made pursuant to this subsection, the holder of any Warrant Certificate thereafter surrendered for exercise shall become entitled to
receive shares of two or more classes of capital stock of the Company, the Board of Directors of the Company (whose determination shall be conclusive and shall be evidenced by a Board resolution filed with the Warrant Agent) shall determine the
allocation of the adjusted Exercise Price between or among shares of such classes of capital stock. 
 (b) In the event of a
capital reorganization or a reclassification of the Common Shares (except as provided in subsection a. above or subsection d. below), any Registered Holder, upon exercise of Warrants, shall be entitled to receive, in substitution for the Common
Shares to which such Registered Holder would have become entitled upon exercise immediately prior to such reorganization or reclassification, the shares (of any class or classes) or other securities or property of the Company (or cash) that such
Registered Holder would have been entitled to receive at the same aggregate Exercise Price upon such reorganization or reclassification if such Warrants had been exercised immediately prior to the record date with respect to such event; and in any
such case, appropriate provision (as determined by the Board of Directors of the Company, whose determination shall be conclusive and shall be evidenced by a certified Board resolution filed with the Warrant Agent) shall be made for the application
of this subsection with respect to the rights and interests thereafter of the Registered Holders (including but not limited to the allocation of the Exercise Price between or among shares of classes of capital stock), to the end that this subsection
(including the adjustments of the number of Common Shares or other securities purchasable and the Exercise Price thereof) shall thereafter be reflected, as nearly as reasonably practicable, in all subsequent exercises of the Warrants for any shares
or securities or other property (or cash) thereafter deliverable upon the exercise of the Warrants. 
 (c) Whenever the number
of Common Shares or other securities purchasable upon exercise of a Warrant is adjusted as provided in this Section, the Company will promptly file with the Warrant 

  

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Agent a certificate signed by a Chairman or co-Chairman of the Board or the President or a Vice President of the Company and by the Treasurer or an Assistant
Treasurer or the Secretary or an Assistant Secretary of the Company setting forth the number and kind of securities or other property purchasable upon exercise of a Warrant, as so adjusted, stating that such adjustments in the number or kind of
shares or other securities or property conform to the requirements of this Section, and setting forth a brief statement of the facts accounting for such adjustments. Promptly after receipt of such certificate, the Company, or the Warrant Agent at
the Company’s request, will deliver, by first-class, postage prepaid mail, a brief summary thereof (to be supplied by the Company) to the registered holders of the outstanding Warrant Certificates; provided, however, that failure to file or to
give any notice required under this subsection, or any defect therein, shall not affect the legality or validity of any such adjustments under this Section. 
 (d) In case of any consolidation of the Company with, or merger of the Company into, another corporation or entity (other than a
consolidation or merger which does not result in any reclassification or change of the outstanding Common Shares), or in case of any sale or conveyance to another corporation or entity of the property of the Company as an entirety or substantially
as an entirety, the corporation or entity formed by such consolidation or merger or the corporation or entity which shall have acquired such assets, as the case may be, shall execute and deliver to the Warrant Agent a supplemental warrant agreement
providing that the holder of each Warrant then outstanding shall have the right thereafter (until the expiration of such Warrant) to receive, upon exercise of such Warrant, solely the kind and amount of shares of stock and other securities and
property (or cash) receivable upon such consolidation, merger, sale or transfer by a holder of the number of Common Shares of the Company for which such Warrant might have been exercised immediately prior to such consolidation, merger, sale or
transfer. Such supplemental warrant agreement shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided in this Section. The above provision of this subsection shall similarly apply to
successive consolidations, mergers, sales or transfers. The Warrant Agent shall not be under any responsibility to determine the correctness of any provision contained in any such supplemental warrant agreement relating to either the kind or amount
of shares of capital stock or securities or property (or cash) purchasable by holders of Warrant Certificates upon the exercise of their Warrants after any such consolidation, merger, sale or transfer or of any adjustment to be made with respect
thereto, but may accept as conclusive evidence of the correctness of any such provisions, and shall be protected in relying upon, a certificate of a firm of independent certified public accountants (who may be the accountants regularly employed by
the Company) with respect thereto. 
 (e) Irrespective of any adjustments in the number or kind of shares issuable upon
exercise of Warrants, Warrant Certificates theretofore or thereafter issued may continue to express the same price and number and kind of shares as are stated in the similar Warrant Certificates initially issuable pursuant to this Amended Agreement.

 (f) The Company may retain a firm of independent public accountants of recognized standing, which may be the firm regularly
retained by the Company, selected by the Board of Directors of the Company or the Audit Committee of said Board, and not disapproved by the Warrant Agent, to make any computation required under this Section, and a certificate signed by such firm
shall, in the absence of fraud or gross negligence, be conclusive evidence of the correctness of any computation made under this Section. 
 (g) For the purpose of this Section 8, the term “Common Shares” shall mean (i) the Common Shares or (ii) any other class of stock resulting from successive changes or reclassifications
of such Common Shares consisting solely of changes in par value, or from par value to no par value, or from no par value to par value. In the event that at any time as a result of an adjustment made pursuant to this Section, the holder of any
Warrant thereafter surrendered for exercise shall become 

  

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entitled to receive any shares of capital stock of the Company other than Common Shares, thereafter the number of such other shares so receivable upon
exercise of any Warrant shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Common Shares contained in this Section, and all other provisions of this
Amended Agreement, with respect to the Common Shares, shall apply on like terms to any such other shares. 
 (h) Before taking
any action that would cause an adjustment pursuant to Section 8 hereof reducing the portion of the Exercise Price required to purchase one share of capital stock below the then par value (if any) of a share of such capital stock, the Company
will use its best efforts to take any corporate action which, in the opinion of its counsel, may be necessary in order that the Company may validly and legally issue fully paid and non-assessable shares of such capital stock. 
 9. Redemption. 
 (a)
The Company may, on twenty-one (21) days’ prior written notice redeem all the Warrants at $0.001 per Warrant. All Warrants must be redeemed if any are redeemed. 
 (b) In the event the Company exercises its right to redeem all of the Warrants, it
shall give or cause to be given notice to the Registered Holders of the Warrants, by mailing to such Registered Holders a notice of redemption, first class, postage prepaid, not later than the twenty-first (21st) day before the date fixed for redemption, at their last address as shall appear on the records of the Warrant Agent. Any notice mailed in the manner provided herein shall be
conclusively presumed to have been duly given whether or not the Registered Holder receives such notice. 
 (c) The notice of
redemption shall specify (i) the redemption price, (ii) the date fixed for redemption, (iii) the place where the Warrant Certificate shall be delivered and the redemption price shall be paid, and (iv) that the right to exercise
the Warrant shall terminate at 5:00 p.m. (New York time) on the business day immediately preceding the date fixed for redemption. The date fixed for the redemption of the Warrants shall be the Redemption Date. No failure to mail such notice nor any
defect therein or in the mailing thereof shall affect the validity of the proceedings for such redemption. An affidavit of the Warrant Agent or the Secretary or Assistant Secretary of the Company that notice of redemption has been mailed shall, in
the absence of fraud, be prima facie evidence of the facts stated therein. 
 (d) From and after the Redemption Date, all
rights of the Registered Holders (except the right to receive the redemption price) shall terminate, but only if (i) no later than one day prior to the redemption date the Company shall have irrevocably deposited with the Warrant Agent as
paying agent a sufficient amount to pay on the Redemption Date the redemption price for all Warrants called for redemption and (ii) the notice of redemption shall have stated the name and address of the Warrant Agent and the intention of the
Company to deposit such amount with the Warrant Agent no later than one day prior to the Redemption Date. 
 (e) The Warrant
Agent shall pay to the holders of record of redeemed Warrants all monies received by the Warrant Agent for the redemption of Warrants to which the holders of record of such redeemed Warrants who shall have surrendered their Warrants are entitled.

 (f) Any amounts deposited with the Warrant Agent that are not required for redemption of Warrants may be withdrawn by the
Company. Any amounts deposited with the Warrant Agent that shall be unclaimed after three (3) months after the redemption date may be withdrawn by the Company, and thereafter the holders of the Warrants called for redemption for which such
funds were deposited shall look solely to the Company for payment. The Company shall be entitled to the interest, if any, on funds deposited with the Warrant Agent and the holders of redeemed Warrants shall have no right to any such interest.

  

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 (g) Any right to exercise a warrant shall terminate at 5:00 p.m. (New York Time) on the
business day immediately preceding the Redemption Date. The redemption price payable to the Registered Holders shall be mailed to such persons at their addresses of record. 
 10. Concerning the Warrant Agent. 
 (a) The Warrant Agent acts hereunder as agent and in a ministerial capacity for the Company, and its duties shall be determined solely by the provisions hereof. The Warrant Agent shall not, by issuing and delivering
Warrant Certificates or by any other act hereunder, be deemed to make any representations as to the validity or value or authorization of the Warrant Certificates or the Warrants represented thereby or of any securities or other property delivered
upon exercise of any Warrant or whether any stock issued upon exercise of any Warrant is fully paid and nonassessable. 
 (b)
The Warrant Agent shall not at any time be under any duty or responsibility to any holder of Warrant Certificates to make or cause to be made any adjustment to the Warrant provided in this Amended Agreement, or to determine whether any fact exists
which may require any such adjustment, or with respect to the nature or extent of any such adjustment, when made, or with respect to the method employed in making the same, it shall not (i) be liable for any recital or statement of fact
contained herein or for any action taken, suffered or omitted by it in reliance on any Warrant Certificate or other document or instrument believed by it in good faith to be genuine and to have been signed or presented by the proper party or
parties, (ii) be responsible for any failure on the part of the Company to comply with any of its covenants and obligations contained in this Amended Agreement or in any Warrant Certificate, or (iii) be liable for any act or omission in
connection with this Amended Agreement except for its own gross negligence or willful misconduct. 
 (c) The Warrant Agent may
at any time consult with counsel satisfactory to it (who may be counsel for the Company) and shall incur no liability or responsibility for any action taken, suffered or omitted by it in good faith in accordance with the opinion or advice of such
counsel. 
 (d) Any notice, statement, instruction, request, direction, order or demand of the Company shall be sufficiently
evidenced by an instrument signed by the Chairman of the Board of Directors, Vice-Chairman or Secretary (unless other evidence in respect thereof is herein specifically prescribed). The Warrant Agent shall not be liable for any action taken,
suffered or omitted by it in accordance with such notice, statement, instruction, request, direction, order or demand. 
 (e)
The Company agrees to pay the Warrant Agent reasonable compensation for its services hereunder and to reimburse it for its reasonable expenses hereunder; the Company further agrees to indemnify the Warrant Agent and save it harmless against any and
all losses, expenses and liabilities, including judgments, costs and counsel fees, for anything done or omitted by the Warrant Agent in the execution of its duties and powers hereunder except losses, expenses and liabilities arising as a result of
the Warrant Agent’s gross negligence or willful misconduct. 
 (f) The Warrant Agent may resign its duties and be
discharged from all further duties and liabilities hereunder (except liabilities arising as a result of the Warrant Agent’s own negligence or willful misconduct), after giving 60 days prior written notice to the Company. At least 15 days prior
to the date such resignation is to become effective, the Warrant Agent shall cause a copy of such notice of resignation to be mailed to the Registered Holder of each Warrant Certificate at the Company’s expense. Upon such resignation the
Company shall appoint in writing a new warrant agent. After acceptance in writing of such appointment by the new warrant agent is received by the Company, such new warrant agent shall be vested with the same powers, rights, duties and
responsibilities as if it had been originally named herein as the warrant agent, without any further assurance, conveyance, act or deed; but if for any reason it shall be necessary or expedient to execute and deliver any further assurance,
conveyance, act or deed, the same shall be done at the expense of the Company and shall be legally and validly executed and delivered by the resigning 

  

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Warrant Agent. Not later than the effective date of any such appointment the Company shall file notice thereof with the resigning Warrant Agent and shall
forthwith cause a copy of such notice to be mailed to the Registered Holder of each Warrant Certificate. 
 (g) Any
corporation into which the Warrant Agent or any new warrant agent may be converted or merged, any corporation resulting from any consolidation to which the Warrant Agent or any new warrant agent shall be a party, or any corporation succeeding to the
corporate trust business of the Warrant Agent or any new warrant agent shall be a successor warrant agent under this Amended Agreement without any further act, provided that such corporation is eligible for appointment as successor to the Warrant
Agent under the provisions of the preceding paragraph. Any such successor warrant agent shall promptly cause notice of its succession as warrant agent to be mailed to the Company and to the Registered Holders of each Warrant Certificate. 

(h) Except as otherwise provided in this Amended Agreement, if any act or event which is required under this Amended Agreement to
otherwise occur on a Saturday, Sunday or any other day the Warrant Agent is not open for business, then such act or event shall occur on the next successive day that is not a Saturday, Sunday or day in which the Warrant Agent is not open for
business. 
 11. Rights of Registered Holders. No Registered Holder, as such, shall have any rights of a shareholder of the Company,
either at law or equity, and the rights of the Registered Holders, as such, are limited to those rights expressly provided in this Amended Agreement or, to the extent not inconsistent with this Amended Agreement, in the Warrant Certificates. The
Company and the Warrant Agent may treat the registered Registered Holder in respect of any Warrant Certificates as the absolute owner thereof for all purposes notwithstanding any notice to the contrary. 
 12. Modification. The Warrant Agent and the Company may by supplemental agreement make any changes or corrections in this Amended Agreement
without the approval of any holders of Warrants (i) that they shall deem appropriate to cure any ambiguity or to correct any defective or inconsistent provision or manifest mistake or error herein contained; (ii) that they may deem
necessary or desirable and which shall not adversely affect the interests of the holders of Warrant Certificates; or (iii) which may be required by law; provided, however, that this Amended Agreement shall not otherwise be modified,
supplemented or altered except with the consent in writing of the Registered Holders representing not less than 50% of the Warrants then outstanding; provided, further, that no change in the number of the securities purchasable upon the exercise of
any Warrant, or an increase in the Exercise Price therefor, shall be, made without the consent in writing of the Registered Holder of the Warrant Certificate, other than such changes as are specifically permitted or prescribed by this Amended
Agreement as originally executed. 
 13. Notices. All notices, requests, consents and other communications hereunder shall be in
writing and shall be deemed to have been made when delivered, with confirmation received, or one business day after deposited with a nationally recognized overnight courier, or five days after mailed first-class postage prepaid, if to the Registered
Holder of a Warrant Certificate, at the address of such holder as shown on the registry books maintained by the Warrant Agent; if to the Company at: 
 Action Products International, Inc. 
 1101 North Keller Road, Suite E 
 Orlando, Florida 32810 
 Attn: Robert L.
Burrows 
 Phone: (407) 660-7204 
 With a copy to: 
 Tarter Krinsky & Drogin LLP 
 1350 Broadway 
 New York, New York 10018 
 Attn: James G. Smith, Esq. 
 Phone:
(212) 216-8000 
  

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 or at such other address as may have been furnished to the Warrant Agent in writing by the Company, and if to the Warrant
Agent, at its Corporate Office. 
 14. Governing Law; Venue. This Amended Agreement shall be governed by and construed in accordance
with the laws of the State of Florida without giving effect to conflicts of laws. In the event the Company, the Warrant Agent or any Registered Holder commences any litigation, proceeding or other legal action in connection with or relating to this
Amended Agreement or any matters described or contemplated herein, the Company, the Warrant Agent and the Registered Holders hereby (a) agree under all circumstances absolutely and irrevocably to institute any litigation, proceeding or other
legal action in a court of competent jurisdiction located within the County of Orange, State of Florida, whether a state or federal court; (b) agree that in the event of any such litigation, proceeding or action, such parties will consent and
submit to personal jurisdiction in such court; and (c) agree to waive to the full extent permitted by law any objection that they may now or hereafter have to the venue of any such litigation, proceeding or action in any such court or that any
such litigation, proceeding or action was brought in an inconvenient forum. 
 15. Binding Effect. This Amended Agreement shall be
binding upon and inure to the benefit of the Company, the Warrant Agent and their respective successors and assigns and the holders from time to time of Warrant Certificates or any of them. Except as hereinafter stated, nothing in this Amended
Agreement is intended or shall be construed to confer upon any other person any right, remedy or claim or to impose upon any other person any duty, liability or obligation. 
 16. Termination. This Amended Agreement shall terminate at the Expiration Time or such earlier date upon which all Warrants have been exercised or
surrendered, except that the Warrant Agent shall account to the Corporation for cash held by it and the provisions of Section 10 hereof shall survive such termination. 
 17. Integration. As of the date hereof, this Amended Agreement contains the entire and only agreement, understanding, representation, condition,
warranty or covenant between the parties hereto with respect to the matters herein, supersedes any and all other agreements between the parties hereto relating to such matters, including the Original Agreement, and may be modified or amended only by
a written agreement signed by both parties hereto; provided, however, the rights of any holder of Warrants who properly exercised any Warrants prior to the Amended Effective Date shall not be affected by the amendments herein. 
 18. Counterparts. This Amended Agreement may be executed in several counterparts, which taken together shall constitute a single document.

 [remainder of page intentionally left blank] 
  

 - 10 - 

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

			
	ACTION PRODUCTS INTERNATIONAL, INC.
		
	By:	 	 /s/ NEIL SWARTZ

		 	Neil Swartz
		 	Chief Executive Officer
	
	REGISTRAR AND TRANSFER COMPANY
		
	By:	 	 /s/ WILLIAM P. TATLER

	Name:	 	William P. Tatler
	Title:	 	Vice President

  

 - 11 -Amended Change of Control and Severance Agreement - Carlton H. Baab

 Exhibit 10.1 
 TIGERLOGIC CORPORATION 
 AMENDED CHANGE OF CONTROL AND SEVERANCE AGREEMENT 
 This Amended Change of Control and Severance Agreement (the “Agreement”) is made and entered into effective as of December 18, 2008
(the “Effective Date”), by and between Carlton H. Baab (the “Employee”) and TigerLogic Corporation (formerly known as Raining Data Corporation), a Delaware corporation (the “Company”), and amends
and restates the change of control and severance agreement entered into effective as of April 3, 2003, by the Company and the Employee. Certain capitalized terms used in this Agreement are defined in Section 1 below. 
 R E C I T A L S 
 A. The Board of
Directors of the Company (the “Board”) believes that it is in the best interests of the Company and its stockholders to provide the Employee with an incentive to continue his employment and to maximize the value of the Company for
the benefit of its stockholders. 
 B. In order to provide the Employee with enhanced financial security and sufficient encouragement to
remain with the Company, the Board believes that it is imperative to provide the Employee with certain benefits upon the Employee’s termination of employment. 
 AGREEMENT 
 In consideration of the mutual covenants herein contained and the continued employment of
Employee by the Company, the parties agree as follows: 
 1. Definition of Terms. The following terms referred to in this
Agreement shall have the following meanings: 
 (a) Cause. “Cause” shall mean (i) gross and willful
failure to perform services; (ii) conviction of, or a plea of “guilty” or no “contest” to, a felony under the laws of the United States or any state thereof, if such felony either is work-related or materially impairs
Employee’s ability to perform services for the Company; (iii) a material breach of fiduciary duty, including fraud, embezzlement, dishonesty or any intentional action that materially injures the Company as determined in good faith by the
Board; (iv) death; (v) a material breach of the Company’s Employment Confidential Information, Invention Assignment, and Arbitration Agreement. In all of the foregoing cases, the Company shall provide written notice to Employee
indicating in reasonable detail the event or circumstances that constitute Cause under this Agreement, and the Company will provide the Employee with 45 days to cure such breach or failure prior to termination for Cause. During such 45-day cure
period, the Company may place the Employee on an unpaid leave. 
 (b) Change of Control. “Change of
Control” shall mean the occurrence of any of the following events after the date of this Agreement: 
 (i) any
merger or consolidation in which the Company is not the surviving entity, except for a transaction the principal purpose of which is to change the state in which the Company is incorporated; 
 (ii) the sale, transfer or other disposition of all or substantially all of the assets of the Company (including the capital stock of
the Company’s subsidiary corporations); 
 (iii) approval by the Company’s stockholders of any plan or proposal
for the complete liquidation or dissolution of the Company; 

 (iv) any reverse merger in which the Company is the surviving entity but in which
securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such
merger; or 
 (v) acquisition by any person or related group of persons (other than the Company or by a Company-sponsored
employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities.

 (c) Disability. “Disability” shall mean that the Employee physically or mentally is unable regularly
to perform Employee’s duties for a period in excess of sixty (60) consecutive days or more than ninety (90) days in any consecutive twelve (12) month period. The Company shall make a good faith determination of whether the
Employee is physically or mentally unable to regularly perform Employee’s duties subject to its review and consideration of any physical and/or mental health information provided to it by the Employee. 
 (d) Involuntary Termination. “Involuntary Termination” shall mean (i) without the Employee’s express
written consent, the substantial reduction in Employee’s duties or responsibilities relative to Employee’s duties or responsibilities in effect immediately prior to such reduction; provided, however, that a reduction in title
solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Chief Executive Officer of a Company remains as such following a Change of Control and is not made the Chief Executive Officer of the
acquiring corporation) shall not constitute an “Involuntary Termination”; (ii) without the Employee’s express written consent, a material reduction by the Company in Employee’s base compensation as in effect immediately
prior to such reduction; (iii) without the Employee’s express written consent, a material reduction by the Company in the kind or level of employee benefits package; (iv) without the Employee’s express written consent, the
relocation of the Employee to a facility or a location more than 30 miles from Employee’s then present location; (v) any purported termination of the Employee by the Company which is not effected for death or Disability or for Cause; or
(vi) the failure of the Company to obtain the assumption of this Agreement by any successors. 
 2. Term of Agreement. This
Agreement shall terminate upon the date that all obligations of the parties hereto under this Agreement have been satisfied. 
 3. At-Will Employment. The Company and the Employee acknowledge that the Employee’s employment is and shall continue to be at-will, as defined under applicable law. If the Employee’s employment terminates for any
reason, the Employee shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided by this Agreement, or as may otherwise be established under the Company’s then existing employee benefit plans or
policies at the time of termination. 
 4. Annual Review of Bonus. The Company’s Compensation Committee shall review, at
least annually, the appropriate amount of bonus, if any, to the Employee. 
 5. Severance Benefits. 
 (a) Termination Prior to a Change of Control. In the event that the Employee is terminated as a result of an Involuntary
Termination other than for Cause, death, or Disability at any time on or prior to a Change of Control, Employee shall be entitled to twelve (12) months of Employee’s base salary as in effect as of the date of such termination, less
applicable withholding, payable in a lump sum within thirty (30) days of such termination, subject to Section 5(e) below. 

 (b) Termination Less than Twelve (12) Months after a Change of Control.
In the event that the Employee is terminated as a result of an Involuntary Termination other than for Cause, death, or Disability less than twelve (12) months after a Change of Control, Employee shall be entitled to the following severance
benefits: 
 (i) 200% of the aggregate base salary and bonus earned by the Employee during the twelve (12)-month period
immediately prior to such termination, less applicable withholding, payable in a lump sum within thirty (30) days of the such termination, subject to Section 5(e) below; 
 (ii) all stock options granted by the Company to the Employee prior to such termination shall become fully vested and exercisable as
of the date of the termination; and 
 (iii) Company-paid health (i.e., medical, vision and dental) coverage commensurate
with those in effect for the Employee on the day immediately preceding the day of the Employee’s termination of employment, whether under a health plan maintained by the Company or the Employee; provided, however, that
(A) the Employee constitutes a qualified beneficiary, as defined in Section 4980B(g)(1) of the Internal Revenue Code of 1986, as amended (the “Code”); and (B) Employee elects continuation coverage pursuant to the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), within the time period prescribed pursuant to COBRA. The Company shall continue to provide Employee with health coverage until the earlier of (1) the date
Employee is no longer eligible to receive continuation coverage pursuant to COBRA, or (2) twelve (12) months from the termination date. 
 (c) Termination At Least Twelve (12) Months after a Change of Control. In the event that the Employee is terminated as a result of an Involuntary Termination other than for Cause, death, or Disability
at least twelve months after a Change of Control, Employee shall be entitled to receive the benefits set forth in Section 5(a) above. 
 (d) Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the timing of, Employee’s termination of employment: (i) the Company shall pay the Employee any unpaid base salary
due for periods prior to the termination; (ii) the Company shall pay the Employee all of the Employee’s accrued and unused vacation through the termination; and (iii) following submission of proper expense reports by the Employee, the
Company shall reimburse the Employee for all expenses reasonably and necessarily incurred by the Employee in connection with the business of the Company prior to the termination. These payments shall be made promptly upon termination and within the
period of time mandated by law. 
 (e) Code Section 409A. 
 (i) Six-Month Delay. Notwithstanding anything to the contrary in this Agreement, no Deferred Compensation Separation Benefits (as
defined below) will be considered due or payable until the Employee has a “separation from service” within the meaning of Section 409A of the Code and the final regulations and any guidance promulgated thereunder (“Section
409A”). In addition, if the Employee is a “specified employee” within the meaning of Section 409A at the time of his separation from service (other than due to death), then the severance benefits payable to the Employee under
this Agreement, if any, and any other severance payments or separation benefits that may be considered deferred compensation under Section 409A (together, the “Deferred Compensation Separation Benefits”) otherwise due to Executive on
or within the six (6) month period following his separation from service will accrue during such six (6) month period and will become payable in a lump sum payment (less applicable withholding taxes) on the date six (6) months and one
(1) day following the date of the Employee’s separation from service. All subsequent payments, if any, will be payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the
contrary, if the Employee dies following his separation from service but prior to the six (6) month anniversary of his date of separation, then any payments delayed in accordance with this paragraph will be payable in a lump sum (less
applicable withholding taxes) to the Employee’s estate as soon as administratively practicable after the date of his death and all other Deferred Compensation Separation Benefits will be payable in accordance with the payment schedule
applicable to each payment or benefit. 

 (ii) Amendments to this Agreement to Comply with Section 409A. It is the
intent of this Agreement to comply with the requirements of Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities
herein will be interpreted to so comply. The Employee and the Company agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition
of any additional tax or income recognition under Section 409A prior to actual payment to the Employee. 
 6. Limitation on
Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Employee (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and
(ii) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then Employee’s benefits under this Agreement shall be either 
 (a) delivered in full, or 
 (b) delivered as to such lesser extent which would result in no portion of such benefits being subject to the Excise Tax, whichever of the foregoing amounts, taking into account the applicable federal, state and
local income taxes and the Excise Tax, results in the receipt by Employee on an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of such benefits may be taxable under Section 4999 of the Code.

 Unless the Company and the Employee otherwise agree in writing, any determination required under this Section shall be made in writing by
the Company’s independent public accountants (the “Accountants”), whose determination shall be conclusive and binding upon the Employee and the Company for all purposes. For purposes of making the calculations required by this
Section, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Section 280G and 4999 of the Code. The Company and the
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. The Company shall bear all costs the Accountants may reasonably incur in
connection with any calculations contemplated by this Section. Any reduction in payments and/or benefits required by this Section shall occur in the following order: (1) reduction of cash payments; (2) reduction of vesting acceleration of
equity awards; and (3) reduction of other benefits paid or provided to the Employee. In the event that acceleration of vesting of equity awards is to be reduced, such acceleration of vesting shall be cancelled in the reverse order of the date
of grant for the Employee’s equity awards. If two or more equity awards are granted on the same day, the equity awards will be reduced on a pro-rata basis. 
 7. Successors. 
 (a) Company’s Successors. Any successor to the
Company (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the Company’s obligations under this
Agreement and agree expressly to perform the Company’s 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 subsection (a) or which becomes bound by the
terms of this Agreement by operation of law. 
 (b) Employee’s Successors. Without the written consent of the
Company, Employee shall not assign or transfer this Agreement or any right or obligation under this Agreement to any other person or entity. Notwithstanding the foregoing, the terms of this Agreement and all rights of Employee hereunder shall inure
to the benefit of, and be enforceable by, Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

 8. Notices. 
 (a) General. 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 or when deliverd by a courier service. In the case of the Employee, 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. Arbitration. 
 (a) Any dispute or controversy arising out of, relating to, or in connection with this Agreement, or the interpretation, validity, construction, performance, breach, or termination thereof, shall be settled by
binding arbitration to be held in Orange County, California, in accordance with the National Rules for the Resolution of Employment Disputes then in effect of the American Arbitration Association (the “Rules”). The arbitrator may
grant injunctions or other relief in such dispute or controversy. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator’s decision in any court having
jurisdiction. 
 (b) The arbitrator(s) shall apply California law to the merits of any dispute or claim, without
reference to conflicts of law rules. The arbitration proceedings shall be governed by federal arbitration law and by the Rules, without reference to state arbitration law. Employee hereby consents to the personal jurisdiction of the state and
federal courts located in California for any action or proceeding arising from or relating to this Agreement or relating to any arbitration in which the parties are participants. 
 (c) Employee understands that nothing in this Section modifies Employee’s at-will employment status. Either Employee or the
Company can terminate the employment relationship at any time, with or without Cause or notice. 
 (d) EMPLOYEE HAS READ
AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES ARBITRATION. EMPLOYEE UNDERSTANDS THAT SUBMITTING ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR
TERMINATION THEREOF TO BINDING ARBITRATION, CONSTITUTES A WAIVER OF EMPLOYEE’S RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EMPLOYEE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, THE
FOLLOWING CLAIMS: 
 (i) ANY AND ALL CLAIMS FOR WRONGFUL DISCHARGE OF EMPLOYMENT; BREACH OF CONTRACT, BOTH EXPRESS AND
IMPLIED; BREACH OF THE COVENANT OF GOOD FAITH AND FAIR DEALING, BOTH EXPRESS AND IMPLIED; NEGLIGENT OR INTENTIONAL INFLICTION OF EMOTIONAL DISTRESS; NEGLIGENT OR INTENTIONAL MISREPRESENTATION; NEGLIGENT OR INTENTIONAL INTERFERENCE WITH CONTRACT OR
PROSPECTIVE ECONOMIC ADVANTAGE; AND DEFAMATION. 
 (ii) ANY AND ALL CLAIMS FOR VIOLATION OF ANY FEDERAL STATE OR MUNICIPAL
STATUTE, INCLUDING, BUT NOT LIMITED TO, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE CIVIL RIGHTS ACT OF 1991, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE FAIR LABOR STANDARDS ACT, THE
CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT, AND LABOR CODE SECTION 201, ET SEQ; AND 

 (iii) ANY AND ALL CLAIMS ARISING OUT OF ANY OTHER LAWS AND REGULATIONS RELATING TO
EMPLOYMENT OR EMPLOYMENT DISCRIMINATION. 
 10. Miscellaneous Provisions. 
 (a) Waiver. No provision of this Agreement may be modified, waived or discharged unless the modification, waiver or discharge
is agreed to in writing and signed by the Employee and by an authorized officer of the Company (other than the Employee). 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) Integration. This Agreement, together with any equity award agreement, represents the entire agreement and understanding between the parties as to the subject matter herein and supersede all prior or contemporaneous
agreements, whether written or oral, with respect to this Agreement. With respect to equity awards granted on or after the date hereof, the acceleration of vesting provided herein will apply to such awards except to the extent otherwise explicitly
provided in the applicable equity award agreement. 
 (c) Choice of Law. The validity, interpretation,
construction and performance of this Agreement shall be governed by the internal substantive laws, but not the conflicts of law rules, of the State of California. 
 (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) Employment Taxes. All payments made pursuant to this Agreement shall be subject to withholding of applicable income and employment taxes. 
 (f) 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 day and year first above written. 
  

									
	COMPANY:	 		 	TIGERLOGIC CORPORATION
					
		 		 		 	By:	 	/s/ THOMAS LIM
		 		 		 	Title:	 	Chief Financial Officer and Secretary
				
	EMPLOYEE:	 		 		 	
			
		 		 	/s/ CARLTON H. BAAB
		 		 	Signature
				
		 		 		 	CARLTON H. BAAB
		 		 		 	Printed Name

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