Document:

Exhibit 10.16
                                                                   -------------

                                      ELXSI
                              3600 Rio Vista Avenue
                                     Suite A
                             Orlando, Florida 32805

                                                                  March 28, 2003

Daniel E. Bloodwell
___________________
___________________

                     ELXSI 1991 Phantom Stock Plan ("Plan")
                     --------------------------------------

Dear Sir:

         Reference is made to the Plan as well as to that certain letter
agreement, dated December 11, 2001 (the "Prior Letter Agreement"), with respect
to the Plan between the undersigned ELXSI, a California corporation (the
"Company"), on the one hand, and each of Daniel E. Bloodwell, Robert T.
Germaine, Lawrence J. Pszenny and James P. Shine (collectively, the
"Optionees"), on the other. Capitalized terms used and not defined herein have
the respective meanings ascribed to such terms under the Plan and/or Prior
Letter Agreement, as applicable.

         Under the Prior Letter Agreement, the Company and Optionees
memorialized their mutual agreement with respect to your (and the other
Optionees') right to receive payment in connection with your (and the other
Optionees') July 2001 exercises in full of your (and the other Optionees)
Phantom Stock Option Rights. Since the date of the Prior Letter Agreement, the
Company has paid to you (and the other Optionees) the Additional Compensation
called for under section 2 thereof on a current basis, but has not paid any of
the Principal Payment as required under section 3 thereof. This agreement is to
set forth and memorialize our new agreement with respect to your right to
receive payment of the Principal Payment and Additional Compensation.

         Therefore, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged by each party hereto, you and the
Company hereby agree that, notwithstanding anything to the contrary set forth in
the Plan or the Prior Letter Agreement:

1.       Under the Prior Letter Agreement, the Company agreed to pay to you
         $1,284,676 in the aggregate plus Additional Compensation of 7% per
         annum on the amount of unpaid Principal Payment from and after October
         1, 2001.

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<PAGE>

2.       The Company shall continue to pay you Additional Compensation on a
         current basis from and after the date hereof, monthly in arrears on the
         first day of each calendar month commencing with April 1, 2003.

3.       The Company shall pay the Principal Payment in installments as
         hereinafter provided commencing on the first day of the calendar month
         that immediately follows the later to occur of (as the case may be, the
         "Amortization Commencement Date"): (i) February 1, 2004, and (ii) the
         date on which the Senior Debt (as defined in the BofA Subordination
         Agreement (defined hereinbelow)) shall have been indefeasibly paid in
         full in cash.

4.       Installments of Principal Payment shall paid monthly on or before the
         first day of each calendar month on or after the Amortization
         Commencement Date and shall be calculated and paid on a "mortgage"
         amortization basis over a four year period commencing on the
         Amortization Commencement Date (provided that if more than one month's
         Additional Compensation is unpaid on the Amortization Commencement
         Date, such additional unpaid amount shall be paid on the Amortization
         Commencement Date). By way of illustration, under the foregoing
         provisions if the Company makes full payment of all Principal Payment
         and Additional Compensation in 48 consecutive monthly installments
         commencing on the Amortization Commencement Date, the amount of each
         such installment payment (Principal Payment plus Additional
         Compensation, and disregarding any Additional Compensation paid under
         the proviso in the foregoing sentence) shall equal $30,763.17.

5.       Notwithstanding the foregoing the obligation of the Company to pay any
         installment of Principal Payment shall be subject to the approval of
         the Board of Directors of the Company (or its parent corporation),
         which approval (i) shall not be unreasonably withheld, and (ii) may in
         any event be withheld if such Board of Directors determines, in its
         good faith judgment, that the payment thereof (either alone or in
         combination with the payments scheduled to be made to any other
         Optionee) would be detrimental to the Company as a result of general
         economic or business conditions and/or the Company's financial or
         liquidity position; provided, however, that the Company shall be
         required to pay Principal Payment hereunder if, and to the extent that,
         the Company is at the time paying in cash or other value on a current
         basis (it being understood that paying with notes or other form of
         deferred payment is not payment of value on a current basis) the
         management fees under its Management Agreement, dated as of September
         25, 1989 as amended to the date hereof, with Cadmus Corporation. Any
         nonpayment of Principal Payment by operation of this paragraph 5 shall
         not relieve the Company from its obligation to pay Additional
         Compensation on a current basis as provided hereunder.

6.       In any event, the Company shall be required to pay installments of
         Principal Payment hereunder if, and to the extent that, such payments
         are made to the other Optionees under their agreements with the Company
         that are substantially the same (except as to names and numbers).

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<PAGE>

7.       The Company may prepay all or any portion of the outstanding Principal
         Payment payable hereunder at any time and from time to time without
         premium or penalty. If the Company or the business now or formerly
         called the Bickford's Division is sold prior to the payment in full of
         any outstanding Principal Payment and Additional Compensation, the net
         available cash proceeds thereof (after payment or reserve for
         transaction fees and expenses, liabilities not assumed by the
         transferee, escrows or "claw-backs", taxes and required payments under
         the Company's credit agreement(s)) will be applied to pay such
         Principal Payment and Additional Compensation.

8.       The Company shall have a ten day grace period with respect to all
         payments required to be made hereunder. Accordingly, the Company shall
         not be deemed to be in default with respect to any payment required to
         be made hereunder unless such payment shall have not been made by the
         close of business on the tenth day after the due date thereof
         hereunder.

9.       Until the date that the entire Principal Payment shall have been paid
         in full, the Company will maintain your participation in the Company's
         group medical insurance plan and contribute the "company portion" of
         the premiums due in respect of such participation.

10.      On the date hereof, you, the Company and its subsidiaries indicated
         therein and Bank of America, N.A. ("BofA") shall execute and deliver a
         Subordination Agreement in the form attached hereto as Annex A (the
         "BofA Subordination Agreement") in order to, among other things, induce
         BofA to permit the Company, under the BofA Loan Documents (as defined
         therein), to execute, deliver and perform this agreement. You agree
         with the Company to comply with the terms and provisions thereof.

         The foregoing is intended to be our complete and entire agreement with
respect to the amounts that are required to be paid to you by ELXSI, and by you
to ELXSI, under the Plan and Prior Letter Agreement. To the extent that there is
any conflict between this agreement and any provision of the Plan and/or Prior
Letter Agreement, this agreement shall govern and control.

         Please indicate your agreement to and acceptance of the foregoing by
executing this letter in the space provided below, whereupon this letter shall
be a binding agreement between us.

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<PAGE>

                                               Very truly yours,

                                               ELXSI

                                               By: /s/ Kevin P. Lynch
                                                   -----------------------------
                                                   Name: Kevin P. Lynch
                                                   Title: Vice President

Accepted and agreed to as
of the date first above-written by:

/s/ Daniel E. Bloodwell
-----------------------------------
DANIEL E. BLOODWELL

                                        4Exhibit 10.17
                                                                   -------------

                                    AGREEMENT

         The parties to this Agreement are James P. Shine ("Shine"), Bickford's
Family Restaurants, Inc. ("Bickford's"), and ELXSI. The parties mutually desire
to resolve certain issues and claims between them arising out of or relating to
(i) a certain letter agreement between Shine and ELXSI (and others) dated
December 11, 2001 (the "2001 Agreement"), and (ii) that litigation captioned
James P. Shine v., Bickford's Family Restaurants, Inc. and ELXSI and having
Middlesex Superior Court Docket No. 02-04975 (the "litigation").

         Accordingly, the parties make the representations, promises,
agreements, and undertakings set forth below.

         1. ELXSI shall (i) continue to make all payments of interest in the
amounts, and at the times, due under the 2001 Agreement for the duration of this
Agreement, and (ii) pay all other amounts when due under this Agreement.

         2. The parties will execute and file, in substantially the form
attached hereto as Exhibit "A", a stipulation dismissing with prejudice the
Counterclaim filed by Bickford's and ELXSI in the litigation.

         3. The parties will sign and file, in substantially the form attached
hereto as Exhibit "B", a stipulation waiving and dismissing with prejudice the
affirmative defenses labeled First through Seventh in the Answer filed by
Bickford's and ELXSI in the litigation.

         4. Except as provided in this Agreement, the parties agree that the
litigation will proceed in the ordinary fashion, with the parties using their
best efforts to maintain the litigation pending in Middlesex Superior Court,
within good faith adherence to the rules of that Court, deferring any final
adjudication until March 1, 2007 or such earlier date as may be required by the
Court. After such date, Shine shall be free to seek a judgment in the litigation
and enforce any resulting execution without further notice or delay.

         5. Shine will file and present in the litigation, in substantially the
form attached hereto as Exhibit "C", a motion for real estate attachment in the
amount of $784,589 on specified and agreed real and personal property owned by
Bickford's and located in Kingston, Massachusetts (the "Kingston property");
Bickford's and ELXSI will provide Shine, in advance of the filing of the motion
for attachment on the Kingston property, with written assents by their counsel
to the granting of that motion.

<PAGE>

         6. At least 90 days after the recording of the writ of attachment on
the Kingston property in the Plymouth County Registry of Deeds, but no more than
120 days after that event, and provided that no default with respect to the
obligations of Bickfords or ELXSI shall have occurred under this Agreement,
Shine will execute and deliver to Bickford's and ELXSI; (i) a discharge, in
substantially the form attached hereto as Exhibit "D", of the attachment granted
him in this action on December 3, 2002 as it pertains to real property owned by
Bickford's in Burlington and Waltham, Massachusetts, and (ii) an executed
authorization to be countersigned by ELXSI and Bickford's and delivered to the
Escrow Agent under the Escrow Agreement attached hereto as Exhibit "E",
permitting the release of the escrow funds held thereunder to Bank of America.

         7. Any breach by Bickford's or ELXSI of any of their representations,
warranties, promises, agreements or undertakings in this Agreement shall make
Shine's obligations under this Agreement void and of no effect, and Shine may
thereafter, at his discretion, among other available remedies for such breach,
seek a judgment in the litigation and enforce any resulting execution without
further notice or delay.

         8. Bickford's and ELXSI represent and warrant that (i) the Kingston
property has a current assessed value of $767,000 (pursuant to the current tax
bill for the Kingston Property), and that (ii) the sole encumbrance presently of
record as to the Kingston property is a mortgage given by Bickford's to Citizens
Bank in the current outstanding principal balance of approximately $338,938.54
(the "Citizens' mortgage").

         9. Bickfords and ELXSI represent and warrant that they will not
voluntarily encumber, nor suffer any involuntary encumbrance upon, the Kingston
property at any time after the date of this Agreement, other than (i) to permit
the recording of the new attachment referenced in paragraph 5 above at the
Plymouth County Registry of Deeds, or (ii) as permitted in paragraphs 10 and 11
below.

         10. Bickford's and ELXSI covenant and agree that, if the current
Citizens' mortgage encumbering the Kingston property is refinanced, (i) the new
principal balance of such refinanced mortgage will not exceed its present
principal, and (ii) it will incorporate amortization terms substantially the
same as provided in the Citizen's mortgage and the note secured thereby.

         11. Any default by Bickford's or ELXSI under the Citizens' mortgage, or
under any related instrument of financial obligation (including, any refinancing
thereof permitted under this Agreement), which default continues beyond any
applicable period of notice and/or grace, if any, shall constitute a default by

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<PAGE>

such parties under this Agreement and make Shine's obligations under this
Agreement void and of no effect, and Shine may thereafter, at his discretion,
seek judgment in the litigation and enforce any resulting execution without
further notice or delay.

         12. ELXSI and Bickford's hereby make the following additional
representations and warranties to and for the benefit of Shine:

         A. Due Diligence Deliveries. Simultaneously with or prior to the
execution of this Agreement, ELXSI and Bickford's have provided Shine with true
and correct copies of each of the following items:

            (i)   the most recent title insurance policy, in Bickford's and/or
         ELXSI's possession or control, showing title to the Kingston property.
         The foregoing title insurance policy shall be updated and endorsed
         through the date of the recording of the writ of attachment against the
         Kingston property contemplated by paragraph 5 above, at Bickford's
         and/or ELXSI's expense, to confirm that title to the Kingston property
         is as warranted in this Agreement.

            (ii)  all existing environmental assessment reports, or other

         reports regarding the possible presence of hazardous materials on, or
         in the vicinity of, the Kingston property, in Bickford's and/or ELXSI's
         possession or control.

            (iii) the most recent surveys, or other plans (including any
         building plans) depicting the Kingston property, in Bickford's and/or
         ELXSI's possession or control.

            (iv)  the Citizens' mortgage and the note secured thereby.

            (v)   the most current appraisal and copies of all other existing
         appraisals of the Kingston property in Bickford's or ELXSI's possession
         or control.

            (vi)  the so-called "Sign Agreement" relating to the sign shared
         with the adjacent motel operator, together with all other contracts
         relating to the use, maintenance, and other aspects of the operation of
         the Kingston property.

         Except as disclosed in the foregoing items, neither ELXSI nor
Bickford's has any knowledge of (i) any hazardous materials being present at the
Kingston property, (ii) any other condition that might adversely affect the
current use or operation of the Kingston property in any material manner, or
(iii) any other condition, circumstances or other event that might adversely
affect the value of the Kingston property.

                                       3
<PAGE>

         B. Compliance with Law. Neither Bickford's nor ELXSI has received any
notice that Kingston property, as presently constructed or used, violates any
applicable Federal or state law or governmental regulation or any local
ordinance, order or regulation including, but not limited to, laws, regulations
or ordinances relating to use and occupancy, subdivision control, fire
protection, health, sanitation and protection of the environment. Neither ELXSI
nor Bickford's has received any notice that the Kingston property fails to
comply with any zoning laws or regulations or that any such zoning laws or
regulations do not permit the use of the Kingston property as presently used.

         C. Proceedings. Neither Bickford's nor ELXSI has received any notice of
any actions or proceeding instituted or pending before any court, administrative
agency or arbitrator against either Bickford's or ELXSI, or otherwise relating
to the Kingston property (including, in particular without limitation, any
eminent domain or condemnation proceedings), and to the best of such party's
knowledge, there are no such actions or proceedings threatened.

         D. Underground Storage Tanks. To the best of ELXSI's and Bickford's
knowledge and belief (i) there are no underground oil storage tanks located on
the Kingston property and (ii) there has been no release of any oil or other
hazardous or toxic material on or in the vicinity of the Kingston property.

         E. Authority, Etc. Bickford's is the sole owner of the Kingston
property and each of Bickford's and ELXSI has the legal right, power and
authority to enter into this Agreement and perform all of its respective
obligations hereunder. The execution and delivery of this Agreement and the
performance by each of Bickford's and ELXSI of their obligations hereunder do
not conflict with or result in the breach of any terms, conditions, or
provisions of any presently outstanding operative order, judgment, writ,
injunction or decree of any court or governmental authority or agreement or
instrument to which either Bickford's or ELXSI is a party or by which the
Kingston property is subject.

         13. ELXSI and Bickford's hereby covenant and agree that they shall
continue to operate and maintain the Kingston property in the ordinary course of
business consistent with prudent business practices throughout the term of this
Agreement by, including, without limitation: (i) keeping the Kingston property
and all improvements thereon insured in accordance with the requirements of the
Citizens' mortgage (or any subsequent mortgage); (ii) maintaining the Kingston
property in good repair; (iii) sending Shine copies of monthly operating
statements (before the 15th of the following month), together with any other
financial information, if any, required under the Citizens' mortgage (or any

                                       4
<PAGE>

subsequent mortgage); (iv) sending Shine evidence of insurance in force on a
yearly basis; (v) paying all real estate and other taxes due on a timely basis;
(vi) sending Shine evidence of payment of all taxes within ten (10) days of when
due. In the event of any casualty, Bickford's and ELXSI shall restore the
Kingston property to substantially its original condition provided that if the
holder of the Citizen's mortgage (or any subsequent mortgage) refuses to release
the proceeds of the required insurance for such purposes, then any surplus
insurance proceeds remaining after satisfaction of the Citizen's mortgage shall
be paid, in escrow, to Shine's counsel, as additional security for the benefit
of Shine pending final resolution of the litigation.

         14. In consideration of the undertakings by Shine in this Agreement,
Bickford's and ELXSI further agree that: (i) the amount now due Shine in the
litigation (the "Obligation") is $784,589, consisting principally of all amounts
due Shine under the 2001 Agreement; (ii) the Obligation also reflects
satisfaction of a certain promissory note executed by Shine and dated October
17, 1997 (copy attached as Exhibit "F"); (iii) the Obligation also reflects
satisfaction by Shine of all other obligations relating to the 2001 Agreement,
including appraisal costs, accrued interest, and any other costs; and (iv) the
Obligation is independent of reimbursement by Bickford's and ELXSI to Shine of
his attorneys' fees and costs incurred to date, and paid with the execution of
this Agreement in the amount of $27,500 (estimated through closing of this
Agreement and the recording of the Attachment which is Exhibit "B").

         15. In consideration of the execution of this Agreement, and in
addition to the Obligation, Bickford's and ELXSI agree to (i) pay Shine interest
at 7% per annum, on a quarterly basis, on the Obligation until satisfied, and
(ii) reimburse Shine, at the time of satisfaction of all obligations in this
Agreement, for his reasonable attorneys' fees and costs accrued in connection
with the litigation and/or implementing this Agreement between the date hereof
and such date of satisfaction.

         16. Bickford's and ELXSI shall also pay on demand all costs, including
court costs and reasonable attorney's fees paid or incurred by Shine in
connection with enforcing the obligations of Bickford's and ELXSI hereunder,
including, without limitation, all costs relating to enforcement of the
attachment granted hereunder against the Kingston property.

         17. Bickfords and ELXSI shall promptly notify Shine in writing of the
occurrence of any event which would make any of the representations or
warranties set forth in this Agreement untrue, false or misleading as a result
of any such event.

                                       5
<PAGE>

         18. The obligations of each of Bickford's and ELXSI hereunder shall be
joint and several and binding on their respective successors and assigns. This
Agreement may only be terminated, modified or otherwise altered only by a
writing signed by each of the parties hereto.

         IN WITNESS WHEREOF each of the undersigned has executed this Agreement
as a Massachusetts instrument under seal.

James P. Shine                      Bickford's Family Restaurants, Inc.

/s/ James P. Shine                  By: /s/ Kevin P. Lynch
-------------------------------         -------------------------------
                                    Its: Vice President

                                    ELXSI

                                    By: /s/ Kevin P. Lynch
                                        -------------------------------
                                    Its: Vice President

James P. Shine,                     BICKFORD'S FAMILY RESTAURANTS,
By his attorney,                    INC. AND ELXSI
                                    By their attorney,

/s/ Steven S. Broadley              /s/ Stephen A. Izzi
-------------------------------     -----------------------------------
Steven S. Broadley, BBO #542305     Stephen A. Izzi, BBO# 547488
Posternak Blankstein & Lund LLP     Holland & Knight
100 Charles River Plaza             One Financial Plaza, Suite 1800
Boston, MA  02114                   Providence, RI  02903
(617) 973-6100                      401-824-5146

                                       6

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