Document:

exv10w4

Exhibit 10.4

FIRST AMENDMENT TO

EMPLOYMENT AGREEMENT

     This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “First Amendment”) is entered into as of
this 26th day of March, 2007, by and between CAVCO INDUSTRIES, INC. a Delaware corporation (the
“Company”), and Joseph H. Stegmayer (“Executive”).

RECITALS

     WHEREAS, the Company and Executive entered into an Employment Agreement, dated as of June 30,
2003 (the “Employment Agreement”); and

     WHEREAS, the Company and Executive desire to amend the Employment Agreement;

     NOW, THEREFORE, in consideration of the premises, and for other valuable consideration, the
sufficiency of which is hereby acknowledged by each of the parties hereto, the parties hereby agree
as follows:

AGREEMENT

     SECTION 1. Amendment to Employment Agreement.

     Section 3 of the Employment Agreement is hereby amended in its entirety to read as follows:

     SECTION 3. Term. Subject to the terms and conditions set forth herein, the

Executive shall be employed for a term ending on September 30, 2008 (the “Initial Term”), unless
earlier terminated as provided in this Agreement. Thereafter, the term of this Agreement shall
automatically be extended for successive one (1) year periods (“Renewal Terms”) unless either the
Board or the Executive gives written notice to the other at least ninety (90) days prior to the end
of the Initial Term or any Renewal Term, as the case may be, of its or his intention not to renew
the term of this Agreement. The Initial Term and any Renewal Terms of this Agreement shall be
collectively referred to as the “Term.”

          SECTION 2. Effectiveness.

          This First Amendment will become effective as of March 26, 2007.

          SECTION 3. Miscellaneous.

          A. Full Force and Effect.

          Except as expressly provided in this First Amendment, the Employment Agreement will remain
unchanged and in full force and effect.

          B. Counterparts.

          This First Amendment may be executed in any number of counterparts, all of which taken
together will constitute one and the same instrument, and any of the parties hereto may execute
this First Amendment by signing any such counterpart.

          C. Arizona Law.

          It is the intention of the parties that the laws of Arizona will govern the validity of this
First Amendment, the construction of its terms, and the interpretation of the rights and duties of
the parties.

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

	 	 	 	 	 
	 	Company:

CAVCO INDUSTRIES, INC.

 	 
	 	By:  	 /s/ Daniel L. Urness  
 	 
	 	 	Daniel L. Urness, Vice-President 	 
	 	 	 	 
	 
	 	Executive:

 	 
	 	 /s/ Joseph H. Stegmayer 
 	 
	 	Joseph H. Stegmayerexv10w18

	 	 	 	 	 

Exhibit 10.18

CAVCO INDUSTRIES, INC.

STOCK OPTION AGREEMENT

Dear [Optionee]:

     Effective [Date of Grant], you have been granted a non-qualified Option to purchase up to
[Number of Shares] shares of the common stock, par value $.01 per share, of Cavco Industries, Inc.,
a Delaware corporation (the “Company”), for $[Option Price] per share (the “Option”). This Option
is granted under the Cavco Industries, Inc. Stock Incentive Plan (as such plan may be amended from
time to time, the “Plan”). A copy of the Plan is available to you upon request to the Corporate
Secretary during the term of this Option. This Option will terminate upon the close of business on
[Termination Date] unless earlier terminated as described herein or in the Plan. This Option will
vest and become exercisable in the amounts and on the dates shown below, provided that, except as
expressly provided in the proviso of the first sentence of the next paragraph, the optionee must be
in continuous Employment or in continuous service as a Director from the Grant Date through the
date shown below for the Option to vest as to the amount shown for such date: [Vesting Schedule].

     Except as otherwise provided below in this award agreement: (i) all rights to exercise this
Option shall terminate four (4) months after the date the optionee ceases to be an employee of the
Company, or ceases to be a Director, whichever may occur later, for any reason other than death or
Disability, (ii) in the event of the optionee’s death, this Option will terminate fifteen (15)
months thereafter and (iii) in the event of the optionee’s Disability and resulting termination of
Employment, this Option will terminate six (6) months after such optionee’s Employment Termination
Date; provided however, if this Option is held by a Director who, on the date he or she ceases to
be a Director (and, if also an employee, ceases to be an employee), has at least ten (10) years of
service as a Director, then all Shares subject to this Option will vest on the date the Director
ceases to be a Director, and all rights to exercise this Option will terminate three (3) years
thereafter. In no case may this Option be exercised later than [Termination Date]. If the
Employment of the optionee or the optionee’s service as a Director is terminated for cause, this
Option shall thereafter be null and void for all purposes.

     You may exercise any vested portion of this Option by electing to effect a broker-assisted
cashless exercise, which involves the immediate sale of the stock received upon exercise in the
open market through an approved broker who will pay to the Company the exercise price and tax
withholdings attributable to such exercise.

     In the event that you wish to exercise options and hold the shares, you must notify Cavco in
writing of this intent and immediately tender payment by wire or certified check. Payment must be
received by Cavco within one business day. For the purposes of determining any taxable gain for
IRS reporting purposes, Cavco will use the most recent closing price available at the time written
notice is received.

     This Option is subject to the Plan, and the Plan will govern where there is any inconsistency
between the Plan and this Option. The provisions of the Plan are also provisions of this Option,
and all terms, provisions and definitions set forth in the Plan are incorporated in this Option and
made a part of this Option for all purposes. Capitalized terms used but not defined in this Option
will have the meanings assigned to such terms in the Plan. This Option has been signed in duplicate
by Cavco Industries, Inc. and delivered to you, and (when you sign below) has been accepted by you
effective as of [Effective Date].

	 	 	 	 	 	 	 
	ACCEPTED BY OPTIONEE	 	CAVCO INDUSTRIES, INC.	 	 
	as of [Effective Date]
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Optionee

	 	By:Exhibit 4.1 - Specimen Stock Certificate

Exhibit 4.1

 

	Number	  	Shares  
	  
	AVENTERRA EXPLORATIONS, INC. 
	INCORPORATED UNDER THE LAWS OF THE STATE OF 
	NEVADA 100,000,000 SHARES COMMON STOCK AUTHORIZED, 
	$0.00001 PAR VALUE 
	  
	  	  	CUSIP  _______
	  	  	SEE REVERSE  
	  	  	FOR  
	This  	  	CERTAIN  
	certifies  	  	DEFINITIONS  
	that  	  	  
	is the owner of  	  	  
	  
	  
	FULLY PAID AND NON-ASSESSABLE 
	SHARES OF COMMON STOCK OF 
	  
	  
	AVENTERRA EXPLORATIONS, INC. 
	transferable on the books of the corporation in person or by duly 
	authorized attorney upon surrender of this certificate properly 
	endorsed. This certificate and the shares represented hereby 
	are subject to the laws of the State of Nevada, and to the 
	Articles of Incorporation and Bylaws of the Corporation, 
	as now or hereafter amended. This certificate is not valid 
	unless countersigned by the Transfer Agent. WITNESS 
	the facsimile seal of the Corporation and the signature 
	of its duly authorized officers 
	  
	  
	  
	  
	PRESIDENT  	[SEAL]  	SECRETARY  

 

 

     The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations.

	TEN COM  	as tenants in common  	UNIF GIFT MIN ACT                      ________________	Custodian  ________________
	TEN ENT  	as tenants by the entireties  	                                                                (Cust)  	(Minor)  
	JT TEN  	as joint tenants with the right of  	                                                   Act   _________________________________  
	  	survivorship and not as tenants  	                                  (State)  
	  	in common  	  	  

Additional abbreviations may also be used though not in the above list.

For value received, ______________________________________ hereby sell, assign and transfer unto

                                           PLEASE INSERT SOCIAL SECURITY OR OTHER 

                                                               IDENTIFYING NUMBER OF ASSIGNEE

____________________________________________________________________________________________________________________

               (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE OF ASSIGNEE)

____________________________________________________________________________________________________________________

____________________________________________________________________________________________________________________

____________________________________________________________________________________________________________________

____________________________________________________________________________________________________________ shares of 

the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

__________________________________________________________________________________________________________, Attorney to 

transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.

Dated _______________________

X ________________________________________________________________________________

THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THIS CERTIFICATE IN EVERY 

PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. THE SIGNATURE(S) MUST BE GUARANTEED BY AN 

ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions)

 

SIGNATURE GUARANTEED:

 

 

 

TRANSFER FEE WILL APPLY

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}]]