Document:

exv10w39

 

Exhibit 10.39

Amendment Number 1 to Employment Agreement

This Amendment Number 1 (“Amendment”) to the Employment Agreement dated as of January 1, 2005
between Fairfax Financial Holdings Limited, Crum & Forster Holding Inc. and Crum & Forster Holdings
Corp. and Joseph Braunstein is effective as of April 14, 2006 (“Effective Date”).

	 	1.	 	Capitalized terms used herein but not defined herein shall have the meanings ascribed
to them in the Agreement.

	 
	 	2.	 	A new Section 4.7 of the Agreement is hereby added to read in its entirety as follows:

          4.7 Property Tax Equalization. From the Effective Date of this Amendment through the
end of the Employment Period, C&F or the Companies shall reimburse Executive, on a net of income
taxes basis, for Executive’s property tax differential between Executive’s primary residence in
Pennsylvania and Executive’s primary residence in New Jersey. Executive’s property tax
differential for each year shall be the excess, if any, of (a) over (b) or the pro rata portion of
such excess in respect of the year in which the New Jersey residence is purchased and in respect of
the last year of the Employment Period if the Employment Period does not end on December 31: (a)
the total annual property tax applicable to the Executive’s primary New Jersey residence in a
single family house for the first full year following the year in which such residence was
purchased, and (b) the total annual property tax applicable to the Executive’s primary Pennsylvania
residence in a single family house for the last full year prior to the year in which the
Pennsylvania primary residence was sold.

	 	3.	 	Unless specifically modified in this Amendment, all other terms and conditions contained in
the Agreement shall remain in full force and effect.

SIGNATURES ON FOLLOWING PAGE

 

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above
written.

	 	 	 	 	 
	 	 
FAIRFAX FINANCIAL HOLDINGS LIMITED

 	 
	 	By:  	                                                         /s/ Eric Salsberg
 	 
	 	 	Name:  	Eric Salsberg 	 
	 	 	Title:  	Vice President, Corporate Affairs 	 
	 

	 	 	 	 	 
	 	 	 
	 	Attest: 	/s/ Bradley P. Martin
 	 
	 	 	Name:  	Bradley P. Martin 	 
	 	 	Title:  	Vice President and Corporate Secretary 	 
	 

	 	 	 	 	 
	 	CRUM & FORSTER HOLDING INC.

 	 
	 	By:  	                                                         /s/ Valerie J. Gasparik
 	 
	 	 	Name:  	Valerie J. Gasparik 	 
	 	 	Title:  	Secretary 	 
	 

	 	 	 	 	 
	 	 	 
	 	Attest: 	/s/ Rita Goldberg
 	 
	 	 	Name:  	Rita Goldberg 	 
	 	 	 	 	 
	 

	 	 	 	 	 
	 	CRUM & FORSTER HOLDINGS CORP.

 	 
	 	By:  	                                           /s/ Carol Ann Soos
 	 
	 	 	Name:  	Carol Ann Soos 	 
	 	 	Title:  	Secretary 	 
	 

	 	 	 	 	 
	 	 	 
	 	Attest: 	 /s/ Rita Goldberg
 	 
	 	 	Name:  	Rita Goldberg 	 
	 	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	/s/ Joseph Braunstein 	 
	 	Joseph BraunsteinEX-10.15

    EXHIBIT
      10.15

    
 

     

    AMENDMENT
      NO. 1 TO

     

    EMPLOYMENT
      AGREEMENT OF ANTHONY M. BRUNO, JR.

    

    THIS
      AGREEMENT entered into as of August 15, 2006, by and among GREATER
      COMMUNITY BANK,
      a New
      Jersey commercial banking corporation having its principal place of business
      at
      55 Union Boulevard, Totowa, New Jersey 07512 ("Bank"), GREATER
      COMMUNITY BANCORP,
      a New
      Jersey business corporation having its principal place of business at 55 Union
      Boulevard, Totowa, New Jersey 07512 ("GCB"), and ANTHONY
      M. BRUNO, JR.,
      residing at 34 Tintle Road, Kinnelon, New Jersey 07405
      ("Employee").

    

    R
      E C I T
      A L S :

    

    A.     Bank
      is
      engaged in the business of commercial banking.

    

    B.     GCB
      owns
      Bank.

    

    C.     Employee
      has been employed by both Bank and GCB for many years in an executive
      capacity.

    

    D.     The
      parties hereto entered into an agreement dated as of March 2, 2005 entitled
      "Employment Agreement of Anthony M. Bruno, Jr." ("Employment
      Agreement").

    

    E.     The
      parties hereto wish to amend the terms of the Employment Agreement to reflect
      certain changes to Employee’s titles with Bank and GCB and to anticipate
      possible future changes in his titles, on the terms and subject to the
      conditions described in this Agreement.

    

    NOW,
      THEREFORE, it is AGREED as follows:

     

    1.     Employment
      and Duties.
      The
      parties reaffirm the terms of the Employment Agreement as amended by this
      Agreement. Effective August 15, 2006, Employee will commence to serve as Bank's
      President and GCB's President, in addition to the offices of Chairman and Chief
      Executive Officer of Bank and GCB and directorships of Bank, GCB and other
      related entities. Employee furthermore agrees to serve in such other offices
      of
      Bank, GCB and/or one or more of their direct and indirect subsidiaries, to
      which
      Employee may be appointed from time to time. The parties anticipate and expect
      that the appointments of Employee as President of Bank and as President of
      GCB
      are for an interim period, and that either or both of such appointments are
      subject to change by the respective Boards of Directors of Bank and GCB.
      Employee will serve as President of Bank and GCB at the pleasure of their
      respective Boards of Directors. Employee agrees to resign as President of Bank
      and/or as President of GCB at the request of their respective Boards of
      Directors.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.     Compensation.
      Employee’s compensation will not be affected by his appointments as President of
      Bank, President of GCB or any other office, nor will his compensation be
      affected by his resignation or removal from any one or more of such
      offices.

    

    3.     Effect
      on Employment Agreement.
      Except
      as amended hereby, the Employment Agreement shall remain in full force and
      effect.

    

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

    

    

      
        	
                ATTEST:

              	
                GREATER
                  COMMUNITY BANK

              
	 	 	 
	
                /s/
                  Jeannette Chardavoyne

              	
                By:

              	
                 /s/
                  Charles J. Volpe

              
	
                Jeannette
                  Chardavoyne, Secretary

              	 	
                Charles
                  J. Volpe

                Director

              
	 	 
	
                ATTEST:

              	
                GREATER
                  COMMUNITY BANCORP

              
	 	 	 
	
                /s/
                  Jeannette Chardavoyne

              	
                By:

              	
                 /s/
                  Charles J. Volpe

              
	
                Jeannette
                  Chardavoyne, Secretary

              	 	
                Charles
                  J. Volpe

                Chairman,
                  Compensation Committee

              
	 	 	 
	
                WITNESS:

              	
                EMPLOYEE

              
	 	 	 
	
                /s/
                  Jeannette Chardavoyne

              	 	
                /s/
                  Anthony M. Bruno, Jr.

              
	
                Jeannette
                  Chardavoyne

              	 	
                Anthony
                  M. Bruno, Jr., individuallyExhibit 10.7

                       UNIT PURCHASE (BUY-SELL) AGREEMENT

         THIS AGREEMENT made on the 10th day of April 2006, between VOYAGER
ENTERTAINMENT INTERNATIONAL, INC., a Nevada corporation ("Voyager") and WESTERN
ARCHITRECTURAL SERVICES, LLC, a Utah limited liability company ("Western"),
sometimes individually referred to as a "Party," or collectively as the
"Parties."

                                 R E C I T A L S

A.   Voyager is a public corporation in the business of developing and marketing
     thematic attractions, including observation wheels, restaurants, retail
     facilities and related entertainment.

B.   Western is a thematic/architectural manufacturer.

C.   Voyager and Western desire to combine resources to increase the sales of
     Western.

                                   SECTION ONE
                                  TERMS OF SALE

1.01.Sale of Units. In reliance upon the representations and warranties set
     forth herein and subject to the terms and conditions set forth in this
     Agreement, on the Final Closing Date, as hereinafter defined, Western shall
     sell and transfer to Voyager unit certificates representing all of the
     units of Western (the "Units").

1.02.Purchase Price. The purchase price for the Units shall be the sum of FIVE
     MILLION (5,000,000) common shares of Voyager stock (the "Purchase Price")
     to be paid as follows:

     1.02.1. THREE MILLION (3,000,000) shares (the "Deposit Shares") being
          issued within ten (10) days of the Initial Closing Date, as
          hereinafter defined, as a deposit.

     1.02.2. TWO MILLION (2,000,000) shares (the "Closing Shares") to be issued
          at the Final Closing Date, as hereinafter defined.

     1.02.3. Both the Deposit Shares and the Final Shares issued by Voyager to
          Western under this Agreement shall have a one-year restriction place
          on them from the Initial Closing Date, as hereinafter defined.

                                   SECTION TWO
                                     CLOSING

2.01.Initial Closing. The initial closing of the transaction contemplated by
     this Agreement (the "Initial Closing") shall be held on April 8, 2006.

     Final Closing. The final closing of the transaction contemplated by this
     Agreement shall take place on July 8, 2006 (the "Final Closing") or at such
     earlier date as the parties may agree upon.

2.02. and is subject to the following terms and conditions:

     2.02.1. Voyager's completion of its evaluation and identification of
          Western's assets, contracts, receivables and liabilities (the "Voyager
          Due Diligence").

     2.02.2. Western's completion of its evaluation and identification of
          Voyager's assets, contracts, receivables and liabilities (the "Western
          Due Diligence").

     2.02.3. In the event that Voyager is satisfied with the Voyager Due
          Diligence, Voyager will cause the Closing Shares to be transferred to
          Western. In the event that Voyager is not satisfied with the Voyager
          Due Diligence, upon written notice to Western, Western will cause that
          the Deposit Shares are endorsed and returned to Voyager and any and
          all losses or profits that may have occurred during this period shall
          be solely the owner of the entity to which the losses or profits were
          derived.

     2.02.4. In the event that Western is satisfied with the Western Due
          Diligence, Western will inform Voyager of the same in writing and
          Voyager will cause the Closing Shares to be transferred to Western. In
          the event that Western is not satisfied with the Western Due
          Diligence, upon written notice to Voyager, Western will cause that the
          Deposit Shares are endorsed and returned to Voyager and any and all
          losses or profits that may have occurred during this period shall be
          solely the owner of the entity to which the losses or profits were
          derived.

     2.02.5. At the Final Closing the following shall occur, each action being
          considered a condition precedent to the others and all being
          considered as taking place simultaneously and each party covenanting
          (subject only to the terms and conditions of this Agreement) to
          perform or cause to be performed each such action to be performed on
          their or its part:

     2.02.5.1. Western will deliver to Voyager a unit certificate representing
          the Units, duly issued on the books of Company in the name of Western
          as the.

     2.02.5.2. Each party will execute and deliver such other documents and take
          or cause to be taken such other actions as are expressly required
          under this Agreement or as any other party or its legal counsel may
          reasonably require in order to document and consummate the transaction
          which is the subject matter of this Agreement.

                                  SECTION THREE
                    REPRESENTATIONS AND WARRANTIES OF WESTERN

     Western represents and warrants as follows:

     3.01. Capital Structure of Company. The authorized capital units of Company
          consists of 100 units (the "Authorized Units"). That all of the
          Authorized Units are owned by and under the control of Western. All of
          the Authorized are validly issued, fully paid and non-assessable.
          There are no outstanding subscriptions, options, calls, rights,
          warrants, convertible securities or other agreements or commitments
          obligating Company, to issue, sell or otherwise dispose of or to
          purchase, redeem or otherwise acquire any of the Authorized Units.

     3.02. Ownerhip of Authorized Units. At closing, Western shall transfer the
          Units to Voyagers free and clear of all liens, encumbrances, claims or
          rights of others or defects in title. No action is pending and Western
          have no knowledge of any threatened action which would contest
          Western' ownership of the Units, or their right to transfer the Units.
          The Units are not subject to any contract of sale, option or similar
          agreement.

     3.03. Authority. Western have full right, power and authority to enter into
          and perform this Agreement and to sell and transfer the Units as
          herein contemplated without obtaining the consent or approval of any
          governmental authority or any other person or entity.

<PAGE>

     3.04. Brokerage or Finder's Fee. No agent, broker, investment banker,
          person or firm acting on behalf of Company or Western are or will be
          entitled to any broker's or finder's fee or any other commission or
          similar fee, directly or indirectly, from any of the parties hereto in
          connection with any of the transactions contemplated hereby.

                                  SECTION FOUR
                    REPRESENTATIONS AND WARRANTIES OF VOYAGER

     Voyager represents and warrants as follows:

     4.01. Compliance With Instrument; No Adverse Agreements. Neither the
          execution and delivery of this Agreement, nor the consummation of the
          transactions contemplated hereby will conflict with or result in any
          violation of or constitute a default under any terms of any material
          agreement, mortgage, indenture, license, permit, franchise, lease, or
          other instrument, judgment, decree, order, law, or regulations by
          which Voyager is bound. Voyager is not subject to any agreement or
          instrument or to any judgment, order, writ, injunction, decree, rule,
          or regulation which would prevent the consummation of any of the
          transactions contemplated hereunder or compliance by Voyager with the
          terms and conditions and provisions hereof.

     4.02. No Brokerage or Finder's Fees Agreements. No agent, broker,
          investment banker, person or firm acting on behalf of Voyager or under
          the authority of Voyager is or will be entitled to any broker's or
          finder's fee, directly or indirectly, or any other commission or
          similar fee, directly or indirectly, from any of the parties hereto in
          connection with any of the transactions contemplated hereby.

     4.03. Intent. Voyager is acquiring the Units purchased herein for their own
          account for the purpose of investment and not with a view to or for
          sale in connection with any distribution thereof.

                                  SECTION FIVE
                                 INDEMNIFICATION

     5.01. Voyager hereby agrees to indemnify, defend, and hold harmless Western
          against and in respect of any and all claims, demands, losses, costs,
          expenses, obligations, liabilities, damages, recoveries, and
          deficiencies, including interest, penalties, and reasonable attorneys'
          fees and costs associated therewith, incurred, suffered, or asserted
          against Western, which arise, result from, or relate to claims,
          demands, losses, costs, expenses, obligations, liabilities, damages,
          recoveries, and deficiencies arising from or related to the operation
          of the Company.

     5.02. Western shall notify Voyager of the existence of any such claim,
          demand or other matter to which this indemnification obligation would
          apply, and shall give Voyager a reasonable opportunity to defend the
          same at their own expense and with counsel of their own selection,
          provided that Western shall at all times also have the right to
          participate fully in the defense. If Voyager, within a reasonable time
          after this notice, fail to defend, Western shall have the right, but
          not the obligation, to undertake the defense of and to compromise
          and/or settle the claim or other matter on behalf and for the account
          and at the risk of Voyager.

                                   SECTION SIX
                            MISCELLANEOUS PROVISIONS

     6.01. Successors and Assigns. This Agreement shall be binding upon and
          shall inure to the benefit of the parties hereto, their heirs,
          legatees, devises, administrators, personal representatives,
          executors, successors and assigns.

     6.02. Survival of Representations, Warranties, Covenants and Agreements.
          All representations, warranties, covenants, indemnifications and
          agreements of Western and Voyagers contained herein or in any
          instruments, certificates, or opinion or other writing provided for
          herein, shall survive the closing for a period of six (6) years only.

     6.03. Notices. All notices, requests, consents, and other communications
          hereunder shall be in writing and shall be deemed to be properly given
          when personally delivered to the party entitled to receive the notice
          or when sent by certified or registered mail, postage prepaid,
          properly addressed to the party entitled to receive such notice at the
          address stated below.

<PAGE>

                  If to Western:
                  -------------

                           Western Architectural Services, LLC
                           Attn.:  Tracy Jones
                           12552 South 125 West, Suite B
                           Draper, Utah 84020

                  If to Voyager:
                  -------------

                           Voyager Entertainment International, Inc.
                           Attn.: Richard Hannigan
                           4483 West Reno Ave.
                           Las Vegas, Nevada 89118

     Service of any such notice or other communication made by mail shall be
     deemed complete on the date of actual delivery thereof as shown by the
     addressee's registry or certification. Either party may change the address
     to which future notices shall be sent by delivering notice of such changed
     address in the manner herein described.

     6.04. Expenses and Fees. Except as herein expressly provided for, each of
          the parties hereto will pay its or their own expenses incident to the
          preparation and carrying out of this Agreement and the expenses and
          fees involved in the preparation and delivery of all other documents
          required to be delivered by or on behalf of it or them hereunder.

     6.05. Entire Agreement. This Agreement, including any exhibits attached
          hereto and the related documents described herein, contains the entire
          agreement between the parties hereto with respect to the transactions
          contemplated hereby and supersedes all prior written or oral
          negotiations, commitments, representations and agreements with respect
          thereto.

     6.06. Heading; Captions. The headings and captions appearing in this
          Agreement are inserted only as a matter of ------------------
          convenience and as a reference and in no way define, limit, or
          describe the scope or intent of this Agreement or any other provisions
          hereof.

     6.07. Counterparts. This Agreement may be executed in one or more
          counterparts, each of which shall be deemed an original but all of
          which shall constitute one in the same.

     6.08. Severability. Whenever possible, each provision of this Agreement
          shall be interpreted in such a manner as to be effective and valid
          under applicable law, but if any provision of this Agreement shall be
          prohibited or invalid under applicable law, such provision shall be
          ineffective to the extent of such prohibition or invalidity without
          invalidating the remainder of such provisions or the remaining
          provisions of this Agreement.

     6.09. Attorneys' Fees. If any legal action or other proceeding is brought
          for the enforcement of this Agreement or because of an alleged
          dispute, breach, default or misrepresentation in connection with any
          of the provisions of this Agreement, the successful or prevailing
          party shall be entitled to recover reasonable attorneys' fees, and
          other fees and costs, incurred in that action or proceeding, in
          addition to any other relief to which it may be entitled.

     6.10. Waiver. No waiver of any provision of this Agreement shall be deemed
          or shall constitute a waiver of any other provision, whether or not
          similar, nor shall any waiver constitute a continuing waiver. No
          waiver shall be binding unless executed in writing by the party making
          such waiver.

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

                                    VOYAGER ENTERTAINMENT INTERNATIONAL,
                                    INC., a Nevada corporation

                                    By: /S/ Richard L. Hannigan, Sr.
                                        ---------------------------------
                                        Its: President & CEO

                                    WESTERN ARCHITECTURAL SERVICES, LLC, a
                                    Utah limited liability company

                                    By: /S/ Tracy Jones
                                       ----------------------------------
                                       Its: President

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