Document:

Amendment to Change of Control Severance Agreement

 Exhibit 10.1 
 AMENDMENT TO 
 CHANGE OF CONTROL SEVERANCE AGREEMENT 
 This amendment to the Change of Control Severance Agreement (the “Amendment”) by and between Genesis Microchip Inc. (the “Company”)
and Anders Frisk (the “Employee”) dated March 14, 2003 (the “Severance Agreement”) is entered into as of August 14, 2006. Unless otherwise defined herein, capitalized terms used in this Amendment shall have the same
meaning as in the Severance Agreement. 
 WHEREAS, the Employee and the Company entered into the Severance Agreement; and 
 WHEREAS, the Employee and the Company hereby desire to amend the Severance Agreement in the manner described below. 
 NOW, THEREFORE, for the consideration set forth herein, the Company and the Employee agree to amend the Severance Agreement as follows: 
  

	 	1.	The parties acknowledge and agree that the Severance Agreement terminated as to Section 4(a) thereof on March 14, 2005 and Employee has no further rights with respect to
such provisions of the Severance Agreement and nothing in this Amendment is intended to, nor does it, change that. 

  

	 	2.	Section 1(c) of the Severance Agreement shall be amended to read in its entirety as follows: 

 “(c) Involuntary Termination. “Involuntary Termination” shall mean, (i) without the Employee’s express written consent, a
reduction by the Company of the Employee’s base salary as in effect immediately prior to such reduction; (ii) without the Employee’s express written consent, a material reduction by the Company of the health (i.e., medical, vision and
dental) coverage to which the Employee is entitled immediately prior to such reduction (except for reductions applicable to employees generally); (iii) without the Employee’s express written consent, the imposition of a requirement for the
relocation of the Employee to a facility or a location more than fifty (50) miles from the Employee’s current work location; (iv) any purported termination of the Employee’s employment by the Company which is not effected for
Cause; or (v) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 6 below; provided, however, that in order for the Employee’s termination of employment with the
Company to be considered to be as the result of an Involuntary Termination for purposes of Section 4(b), the Company must not have cured such event, if curable, within thirty (30) calendar days after receiving written notice thereof from
the Employee, and the Employee must resign from his employment with the Company within forty-five (45) calendar days of the end of the period allowed for the Company to cure.” 

	 	3.	Section 2 of the Severance Agreement shall be amended to read in its entirety as follows: 

 “Term of Agreement. This Agreement shall terminate on July 31, 2007; provided, however, that in the event the Employee has been
terminated in a manner that would result in his receiving severance benefits set forth in Section 4(b), this Agreement shall not terminate until the date that all obligations of the parties hereto under such Sections have been satisfied.”

  

	 	4.	Section 3 of the Severance Agreement shall be amended to read in its entirety as follows: 

 “Fixed Term Employment. The Company will continue to employ the Employee until July 31, 2007. During the term of this Agreement, the
Employee will be paid a base salary that is no less than the base salary he was paid immediately before the date of the Amendment. The Employee shall be entitled to the same benefits offered other full time employees. Notwithstanding the foregoing,
in event of termination of employment prior to July 31, 2007, nothing in this Amendment shall entitle Executive to severance or any other benefits other than as provided in Section 4(b).” 
  

	 	5.	Section 4(b) of the Severance Agreement shall be amended to read in its entirety as follows: 

 “(b) Termination Due to an Involuntary Termination. If the Employee’s employment with the Company terminates as a result of an
Involuntary Termination prior to July 31, 2007 and the Employee signs and does not revoke the release of claims pursuant to Section 7 hereto, the Employee shall be entitled to: (i) severance benefits in the form of the Employee’s
base salary as in effect as of the Termination Date, less applicable withholding, for a period of time commencing on the Termination Date and ending on July 31, 2007, payable in a lump sum within thirty (30) days of the Termination Date,
and (ii) the same level of Company-paid health (i.e., medical, vision and dental) coverage and benefits for such coverage as in effect for the Employee (and any eligible dependents) on the day immediately preceding the Employee’s
Termination Date; provided, however, that (i) the Employee constitutes a qualified beneficiary, as defined in Section 4980B(g)(1) of the Internal Revenue Code of 1986, as amended; and (ii) Employee elects continuation
coverage pursuant to COBRA, within the time period prescribed pursuant to COBRA. The Company shall continue to provide Employee with such Company-paid coverage until the earlier of (i) the date Employee (and his eligible dependents) is no
longer eligible to receive continuation coverage pursuant to COBRA, or (ii) through July 31, 2007.” 
  

	 	6.	The Company and the Employee agree that through July 31, 2007, the salary and the benefits provided to the Employee are considered fair compensation for the knowledge and
experience contributed by the Employee and are not related to work hours. 

	 	7.	The Employee agrees and acknowledges that in the event he resigns or otherwise terminates his employment with the Company other than as the result of an Involuntary Termination he
will not be entitled to receive severance or other benefits under the Severance Agreement or otherwise, but may be eligible for those benefits (if any) as may then be established under the Company’s then existing severance and benefits plans
and policies at the time of such termination. 

  

	 	8.	To the extent not expressly amended hereby, the Severance Agreement remains in full force and effect. 

  

	 	9.	This Amendment and the Severance Agreement (to the extent not amended hereby), represent the entire agreement and understanding between the Company and the Employee concerning the
Employee’s employment relationship with the Company and subsequent termination of employment with the Company, and supersede and replace any and all prior agreements and understandings concerning the Employee’s employment relationship with
the Company. 

  

	 	10.	This Amendment may be executed in counterparts, and each counterpart will have the same force and effect as an original and will constitute an effective, binding agreement on the
part of each of the undersigned. Execution and delivery of this Amendment by exchange of facsimile copies bearing the facsimile signature of a party will constitute a valid and binding execution and delivery of the Amendment by such party. Such
facsimile copies will constitute enforceable original documents. 

  

	 	11.	This Amendment will be governed by the laws of the State of California (with the exception of its conflict of laws provisions). 

 IN WITNESS WHEREOF, this Amendment has been entered into as of the date first set forth above. 
  

					
	EMPLOYEE:	 	GENESIS MICROCHIP INC.
			
	 /s/ Anders Frisk
	 	By:	 	 /s/ Elias Antoun

	Anders Frisk	 		 	Elias Antoun
		 		 	President & CEOThird Amendment to Credit Agreement

 Exhibit 10.1 
 THIRD AMENDMENT TO CREDIT AGREEMENT 
 Parties: 
  

			
	“LaSalle”:	  	 LaSalle Bank, National Association
 370 Seventeenth
Street
 Suite 3590
 Denver, CO 80202

		
	“Borrower”:	  	 Champps Operating Corporation
 10375 Park Meadows Drive,
Suite 560
 Littleton, Colorado 80124

		
	“Syndication Parties”:	  	 Whose signatures appear below

 Execution Date:        August 14, 2006 
 Recitals: 
 A. LaSalle (in its capacity as the
Administrative Agent (“Agent”) and as a Syndication Party) and Borrower have entered into that certain Credit Agreement (Revolving Loan and Term Loans) dated as of March 16, 2004, that First Amendment to Credit Agreement dated
as of November 29, 2005 (“First Amendment”), and that Second Amendment to Credit Agreement dated as of June 13, 2006 (“Second Amendment”) (as amended and as further amended, modified, or supplemented from
time to time, the “Credit Agreement”) pursuant to which LaSalle and any entity which becomes a “Syndication Party” has extended certain credit facilities to Borrower under the terms and conditions set forth in the Credit
Agreement. 
 B. Borrower has requested that the Agent and the Syndication Parties make certain revisions to the letter of credit facility as
contained in the Credit Agreement, which the Agent and the Syndication Parties are willing to do under the terms and conditions as set forth in this Third Amendment to Credit Agreement (“Third Amendment”). 

 Agreement: 
 Now, therefore, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:

 1. Amendments to Credit Agreement. The Credit Agreement is amended as of the Effective Date as follows: 
 1.1 The following defined term is added, following Section 1.85, to the list of terms defined in portions of the Credit Agreement
other than in Article 1: 
 Extended Duration
LC            Subsection 3.1.1 
 1.2 Subsection 3.1.1 is
hereby amended in its entirety to read as follows: 
 3.1.1 Request for Letter of Credit. Each Letter of Credit shall
be requested by Borrower in accordance with the terms and conditions of the Master LC Agreement, and Borrower shall comply with all terms and conditions of the Master LC Agreement relating to the issuance by the Letter of Credit Bank of each such
requested Letter of Credit. Any such Letter of Credit shall be issued under the 3-Year Facility. In no event may the expiry date of any Letter of Credit be later than one hundred and fifty (150) days beyond the 3-Year Maturity Date. Borrower
may not request issuance of a Letter of Credit for other than a purpose for which a 3-Year Advance could be requested under clauses (b), (c), and (d) of Section 2.5 hereof. Each Letter of Credit issued with an expiry date beyond the 3-Year
Maturity Date shall be deemed to be, and referred to herein as, an “Extended Duration LC”. 
 2. Conditions to
Effectiveness of this Third Amendment. The effectiveness of this Third Amendment is subject to satisfaction, in the Administrative Agent’s sole discretion, of each of the following conditions precedent (the date on which all such conditions
precedent are so satisfied shall be the “Effective Date”): 
 2.1 Delivery of Executed Loan Documents.
Borrower shall have delivered to the Administrative Agent, for the benefit of, and for delivery to, the Administrative Agent and the Syndication Parties, the following documents, each duly executed by Borrower and any other party thereto:

  

	 	A.	This Third Amendment. 

  

	 	B.	Acknowledgement and Agreement of both Guarantors. 

 2.2 Representations and Warranties. The representations and warranties of Borrower in the Credit Agreement shall be true and correct in all material respects on and as of the Effective Date as though made on and as of such date.

  

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 2.3 No Event of Default. No Event of Default shall have occurred and be continuing
under the Credit Agreement as of the Effective Date of this Third Amendment. 
 2.4 Payment of Fees and Expenses.
Borrower shall have paid the Administrative Agent, by wire transfer of immediately available federal funds (a) all fees presently due under the Credit Agreement (as amended by this Third Amendment); and (b) all expenses owing as of the
Effective Date pursuant to Section 14.1 of the Credit Agreement, including Agent’s costs and legal fees incurred in connection with the negotiation, preparation, and execution of this Third Amendment. 
 3. General Provisions. 
 3.1 No Other Modifications. The Credit Agreement, as expressly modified herein, shall continue in full force and effect and be binding upon the parties thereto. 
 3.2 Successors and Assigns. This Third Amendment shall be binding upon and inure to the benefit of Borrower, Agent, and the
Syndication Parties, and their respective successors and assigns, except that Borrower may not assign or transfer its rights or obligations hereunder without the prior written consent of all the Syndication Parties. 
 3.3 Definitions. Capitalized terms used, but not defined, in this Third Amendment shall have the meaning set forth in the Credit
Agreement. 
 3.4 Severability. Should any provision of this Third Amendment be deemed unlawful or unenforceable, said
provision shall be deemed several and apart from all other provisions of this Third Amendment and all remaining provision of this Third Amendment shall be fully enforceable. 
 3.5 Governing Law. To the extent not governed by federal law, this Third Amendment and the rights and obligations of the parties
hereto shall be governed by, interpreted and enforced in accordance with the laws of the State of Colorado. 
 3.6
Headings. The captions or headings in this Third Amendment are for convenience only and in no way define, limit or describe the scope or intent of any provision of this Third Amendment. 
 3.7 Counterparts. This Third Amendment may be executed by the parties hereto in separate counterparts, each of which, when so
executed and delivered, shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of
the parties hereto. Copies of documents or signature pages bearing original signatures, and executed documents or signature pages delivered by a party by telefax, facsimile, or e-mail transmission of an Adobe® file format document (also known as a PDF file) shall, in each such instance, be deemed
to be, and shall constitute and be treated as, an original signed document or counterpart, as 

  

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applicable. Any party delivering an executed counterpart of this Third Amendment by telefax, facsimile, or e-mail transmission of an Adobe® file format document also shall deliver an original
executed counterpart of this Third Amendment, but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Third Amendment. 
 [Signatures to follow on next page.] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed as of the
Effective Date. 
  

							
		 	ADMINISTRATIVE AGENT:	 	LaSalle Bank, National Association
				
		 		 	 By:
	 	 /s/ Darren L. Lemkau

		 		 	 Name:
	 	 Darren L. Lemkau

		 		 	 Title:
	 	 Senior Vice President

  

							
		 	BORROWER:	 	Champps Operating Corporation
				
		 		 	 By:
	 	 /s/ David Womack

		 		 	 Name:
	 	 Dave Womack

		 		 	 Title:
	 	 Chief Financial Officer

  

							
		 	SYNDICATION PARTIES:	 	LaSalle Bank, National Association
				
		 		 	 By:
	 	 /s/ Darren L. Lemkau

		 		 	 Name:
	 	 Darren L. Lemkau

		 		 	 Title:
	 	 Senior Vice President

  

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 ACKNOWLEDGMENT AND AGREEMENT OF GUARANTOR 
 CHAMPPS ENTERTAINMENT, INC. (“Guarantor”) as guarantor of the indebtedness of Champps Operating Corporation
(“Borrower”) to LaSalle Bank, National Association (“LaSalle”) and the other Syndication Parties as defined above (collectively with LaSalle, the “Lenders”) to that certain Credit Agreement (as
defined in this Third Amendment) pursuant to a Guaranty (“Guaranty”) dated as of March 16, 2004, to induce the Lenders to execute the Third Amendment, (i) consents to the terms and Borrower’s execution of the Third
Amendment, (ii) reaffirms Guarantor’s obligations to the Lenders pursuant to the terms of the Guaranty and agrees that Borrower’s execution of this Third Amendment shall not relieve such Guarantor of liability under the Guaranty, and
(iii) acknowledges and agrees that the Lenders may amend, restate, extend, renew or otherwise modify the Credit Agreement and any indebtedness of Borrower thereunder and any agreement of Borrower executed in connection with the Credit
Agreement, or enter into any agreement or extend any additional or other credit accommodations, without notifying or obtaining the consent of the undersigned and without impairing the liability of the undersigned under the Guaranty, all
notwithstanding that Guarantor was asked to execute this Acknowledgment and Agreement. 
 Dated: August 14, 2006 
  

			
	 Champps Entertainment, Inc.

		
	 By:
	 	 /s/ David Womack

	 Name: David Womack

	 Title: CFO

  

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 ACKNOWLEDGMENT AND AGREEMENT OF GUARANTOR 
 CHAMPPS ENTERTAINMENT OF TEXAS, INC. (“Guarantor”) as guarantor of the indebtedness of Champps Operating Corporation
(“Borrower”) to LaSalle Bank, National Association (“LaSalle”) and the other Syndication Parties as defined above (collectively with LaSalle, the “Lenders”) to that certain Credit Agreement (as
defined in this Third Amendment) pursuant to a Guaranty (“Guaranty”) dated as of March 16, 2004, to induce the Lenders to execute the Third Amendment, (i) consents to the terms and Borrower’s execution of the Third
Amendment, (ii) reaffirms Guarantor’s obligations to the Lenders pursuant to the terms of the Guaranty and agrees that Borrower’s execution of this Third Amendment shall not relieve such Guarantor of liability under the Guaranty, and
(iii) acknowledges and agrees that the Lenders may amend, restate, extend, renew or otherwise modify the Credit Agreement and any indebtedness of Borrower thereunder and any agreement of Borrower executed in connection with the Credit
Agreement, or enter into any agreement or extend any additional or other credit accommodations, without notifying or obtaining the consent of the undersigned and without impairing the liability of the undersigned under the Guaranty, all
notwithstanding that Guarantor was asked to execute this Acknowledgment and Agreement. 
 Dated: August 14, 2006 
  

			
	 Champps Entertainment of Texas, Inc.

		
	 By:
	 	 /s/ Amy Adams

	 Name: Amy Adams

	 Title: President

  

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