Document:

Third Amendment, dated as of April 1, 2003, to Lease Agreement

 
Exhibit 10.7.1

 
THIRD AMENDMENT 
TO 
INDUSTRIAL REAL ESTATE LEASE 
(SINGLE-TENANT FACILITY) 
(Bert Drive, Hollister) 
 
This Third Amendment to Industrial Real Estate Lease (Single-Tenant Facility) (the “Third Amendment”) is entered into as of
April 1, 2003 (the “Effective Date”) by and between CARMEL RIVER, LLC, a Delaware limited liability company (“Carmel”) and VANVALKENBURGH INVESTMENTS, LLC, a Delaware limited liability company
(“VVI”) as successors in interest to Carl D. Panattoni (“Panattoni”) and John E. Van Valkenburgh (“Van Valkenburgh”) (collectively, the “Landlord”) and WEST MARINE PRODUCTS, INC., a California
corporation (the “Tenant”). 
 
RECITALS 
 

	 	A.	 	Landlord and Tenant entered into that certain Industrial Real Estate Lease (Single-Tenant Facility) dated June 15, 1995 with Addendum, as amended by that certain
Addendum to Lease dated June 3, 1996, First Amendment to Industrial Real Estate Lease (Single-Tenant Facility) dated March 3, 1999 and Second Amendment to Industrial Real Estate Lease (Single-Tenant Facility) dated June 11, 2002 (“Second
Amendment”) (collectively, the “Lease”), for those certain premises located at 2395 Bert Drive in the City of Hollister, County of San Benito, State of California (the “Property”). On April 5, 2002, Panattoni and Van
Valkenburgh assigned all of their right, title and interest in and to the Lease to Carmel and VVI. 

 

	 	B.	 	On May 22, 2002, Tenant exercised Tenant’s option to expand the Building (as defined in the Lease) pursuant to Section 1.04 of the Addendum to Lease by
delivering written notice to Landlord. Landlord and Tenant entered into the Second Amendment to further clarify and amend Section 1.04 of the Addendum regarding the Expansion Space among other agreements by the parties as contained in the Second
Amendment. 

 

	 	C.	 	Landlord and Tenant now hereby desire to further amend the Lease in order to reflect the commencement date of the Expansion Space, the size of the Expansion Space,
and other matters as herein set forth below. 

 
NOW, THEREFORE, in consideration of the foregoing and the mutual agreement of Landlord and Tenant hereto to the terms and conditions set forth below, the Landlord and Tenant agree as follows: 
 
AGREEMENT 
 

	 	1.	 	The Expansion Space in the Building on the Property consists of seventy eight thousand (78,000) square feet. The commencement date of the term of lease of the
Expansion Space shall be April 1, 2003. The rent for the Expansion Space shall be the same as the rent for the Original Space subject to the current lease year (such rent for the Expansion Space being $0.329 per square foot per month or $25,662.00
per month). The term of the Lease for the Expansion Space shall be coterminous with the Lease Term of the Original Space, such term of the Lease for the Expansion Space being April 1, 2003 to February 3, 2011, subject to the Option to Extend the
Lease Term as contained in the Section 1.05 (b) of the Addendum to Lease. Tenant shall have no further right to expand the Building on the Property. 

 

	 	2.	 	Except as modified by this Third Amendment, the Lease, its Addendum, Exhibits, riders, and amendments are ratified, affirmed, in full force and effect, and
incorporated herein by this reference. This Third Amendment is intended to modify the Lease and shall be deemed to amend any language in the Lease which is read or interpreted contrary to the agreements set forth herein. Any covenant or provision of
the Lease which is not inconsistent with this Third Amendment, shall remain in full force and effect. Any capitalized term contained herein not otherwise defined herein shall have the same meaning set forth in the Lease. 

 

	 	3.	 	This Third Amendment may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument.

 
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2 

 
SIGNATURE
PAGE 
 
IN WITNESS WHEREOF, the Landlord and
Tenant have executed this Third Amendment as of the date set forth below. 
 
LANDLORD: 
 
CARMEL RIVER, LLC,

A Delaware limited liability company 
 

	
	 By:
	 	 /s/    CARL D. PANATTONI

	 	 	 Carl D. Panattoni, Trustee of the Panattoni
 Living Trust, Dated April 8, 1998, Sole Member

	
	 Date: April __, 2003

 
 
VAN VALKENBURGH INVESTMENTS, LLC, 
A Delaware
limited liability company 
 

	
	 By:
	 	 /s/    JOHN E.
VALKENBURGH

	 	 	 John E. Van Valkenburgh, Trustee of the Van Valkenburgh
 Revocable Trust, Dated January 14, 1988, Sole Member

	
	 Date: April __, 2003

 
 
TENANT: 
 
WEST MARINE PRODUCTS, INC., 
A California corporation 
 

	
	 By:
	 	 /s/    FRANK G. FAWCETT

	 Name:
	 	 Frank G. Fawcett

	 Its:
	 	 A.V.P.

 
 

	
	 By:
	 	 /s/    LINDA I LEYBA

	 Name:
	 	 Linda I Leyba

	 Its:
	 	 Senior Director

 
Date: April 3, 2003Exhibit 10(g)(vi)

     AMENDMENT No. 6, dated as of January 3, 2001, to the Employment Agreement,
made as of the third day of April 1985, and effective as of March 1, 1985 (as
amended by amendments, dated as of September 25, 1990, September 30, 1991,
September 25, 1992, February 3, 1993, and September 11, 1998, the "Agreement"),
by and between American Technical Ceramics Corp., a Delaware corporation (the
"Company") and Victor Insetta ("Employee").

                                   WITNESSETH:

     WHEREAS, Employee is employed as President and Chief Executive Officer of
the Company pursuant to the Agreement;

     WHEREAS, The Company and the Employee desire to amend the agreement as
hereinafter provided:

     NOW, THEREFORE, the parties hereto agree as follows:

     Section 5 (a) of the Agreement is hereby amended by replacing Section 5 (a)
     of  the  Agreement  in  its  entirety  to  read  as  follows:

     (a)  As  incentive  compensation  ("Incentive  Compensation"),  the Company
          shall  pay to the Employee an amount equal to two and one half percent
          (2 1/2%)  of  the  Company's  "Pre-tax  Profits"  (as calculated under
          Section 5 (b)  and 5 (c)) for  each  fiscal year of the Company during
          the term  hereof  effective with the Company's fiscal year ending June
          30, 2001.

     IN WITNESS WHEREOF, the parties have caused this Amendment No. 6 to be duly
executed and delivered as of January 3, 2001.

                                 AMERICAN TECHNICAL CERAMICS CORP.

                                 /s/KATHLEEN M. KELLY
                                 --------------------
                                 Kathleen M. Kelly
                                 Vice President, Administration, Corp. Secretary

                                /s/VICTOR INSETTA
                                -----------------
                                Victor Insetta

<PAGE>Exhibit 10(s)

                              EMPLOYMENT AGREEMENT
                              --------------------

     EMPLOYMENT AGREEMENT, dated as of April 1, 2003, between AMERICAN TECHNICAL
CERAMICS CORP., a Delaware corporation having its principal place of business at
One Norden Lane, Huntington Station, New York 11746 (the "Company"), and Stephen
Beyel,  who  resides  at  45  Whitson  Road,  Huntington  Station,  NY  11746
("Employee").

                              W I T N E S S E T H :

     WHEREAS,  Employee  is  currently  employed  as the Senior Vice President -
Sales  of  the  Company;

     WHEREAS,  the  Company  desires  to  provide  for  Employee's  continued
performance  of  services  for  the  Company  and  any present or future parent,
subsidiary,  or  affiliate  of  the Company, and Employee desires to continue to
perform  such  services,  on  the  terms  and  conditions hereinafter set forth;

     NOW,  THEREFORE,  in  consideration of the mutual promises contained herein
and  other  good  and  valuable  consideration,  the  receipt,  adequacy,  and
sufficiency  of  which  are hereby acknowledged, the Company and Employee hereby
agree  as  follows:

     1.     Term.  The Company agrees to employ Employee, and Employee agrees to
            ----
serve  as  Senior  Vice  President  -  Sales  of the Company, upon the terms and
conditions  hereinafter  set forth, for a period commencing on April 1, 2003 and
ending  on  March  31,  2006,  or for such shorter period as may be provided for
herein.  The  period  during which Employee is employed hereunder is hereinafter
referred  to  as  the  "Employment  Period."

     2.     Duties.  Employee  agrees  to  use  his  best  efforts,  skills, and
            ------
abilities  to perform faithfully all duties consistent with his position (or any
other  position  of  a  similar

<PAGE>
nature)  assigned to him from time to time by the Company in accordance with all
Company  policies  and  procedures  and to devote his full business time, labor,
energies, and attention to the performance of such duties. Employee shall not to
become  involved  in  any personal investment or other matters which may detract
from  the performance of his duties or otherwise adversely affect the Company or
any  present  or  future parent, subsidiary, or affiliate of the Company. In the
performance  of  his  duties,  Employee shall be subject to the direction of the
Board  of Directors, the Chief Executive Officer of the Company, and any officer
of  the  Company  designated  by the Board or the Chief Executive Officer of the
Company.

     3.     Place  of  Performance.  In  connection  with  his employment by the
            ----------------------
Company, Employee shall be based at the Company's offices in Huntington Station,
New  York.  Employee  shall  be  available  to  travel at such times and to such
places  as  may  be  necessary  in connection with the performance of his duties
hereunder.

     4.     Annual  Compensation.
            --------------------

          (a)     Salary.  During  the Employment Period, Employee shall receive
                  ------
a base salary at the annual rate of $160,000 commencing on the date hereof, plus
such  other  amounts, if any, as the Board of Directors, in its sole discretion,
may  from  time to time determine.  Employee's salary shall be payable in weekly
installments  or  at  such  other frequency as the Company may from time to time
determine  (but  not  less  frequently  than  monthly).

          (b)     Bonus.  During  the  Employment Period, Employee shall also be
                  -----
entitled  to participate in a sales incentive bonus plan (the "Plan").  Employee
hereby  acknowledges  that  bonuses  under  the  Plan  are  awarded  in the sole
discretion  of the Board of Directors of the Company and are generally paid on a
quarterly  basis, if at all.  Nothing contained herein shall require the Company
to  maintain  the  Plan.

                                        2
<PAGE>
          (c)     Deductions.  The Company shall deduct from all amounts payable
                  ----------
to  Employee  all  taxes  and  other  amounts  which  the  Company is now or may
hereafter  become  obligated  to  deduct  under  any  applicable  law.

     5.     Benefits.
            --------

          (a)     Employee  shall  be  entitled  to participate in such employee
benefit  plans  established  by the Company from time to time and generally made
available  to  employees  at levels similar to Employee's for which he meets the
eligibility requirements.  Nothing contained herein shall require the Company to
establish  or  maintain  any  employee  benefit  plan.

          (b)     During  the  Employment  Period,  the  Company  shall  provide
Employee  with  the  use  of an automobile and shall pay the expenses associated
with  the  maintenance  and  operation  thereof.

     6.     Termination.
            -----------

          (a)     Notwithstanding  anything herein contained to the contrary, if
on  or  after the date hereof and prior to the end of the Employment Period, (i)
either (A) Employee shall be physically or mentally incapacitated or disabled or
otherwise  unable  fully  to  discharge  his duties hereunder ("Disabled") for a
period  of  90 consecutive days or for an aggregate of 90 days within any period
of  twelve  consecutive  months,  (B) Employee shall be convicted of a felony or
other  crime  of  moral  turpitude, (C) Employee shall commit any act or omit to
take  any  action in bad faith to the detriment of the Company or any present or
future  parent,  subsidiary,  or  affiliate  of  the Company, (D) Employee shall
willfully  fail or refuse to perform any duties consistent with his position (or
any  other  position  of a similar nature) assigned to him from time to time, or
(E)  Employee  shall breach any other term of this Agreement and fail to correct
such breach within 10 days after receiving notice of the same, or if such breach
is  not  capable of correction

                                        3
<PAGE>
within  such  10  day  period,  Employee  shall  fail  to take substantial steps
necessary  to  correct  such breach within such 10 day period and shall not have
corrected  such  breach within 30 days after receiving such notice, then, and in
each  such  case, the Company shall have the right to give notice of termination
of  Employee's  services  hereunder as of a date to be specified in such notice,
and  this  Agreement  shall terminate on the date so specified, or (ii) Employee
shall  die, then this Agreement shall terminate on the date of Employee's death.

          (b)     If  this Agreement is terminated by the Company for any of the
reasons  set  forth  in  Paragraph  6(a)  hereof,  Employee shall be entitled to
receive  only  his  salary at the rate provided in Paragraph 4(a) hereof through
and  including  the  date  upon  which  termination  shall  take  effect.

          (c)     If  Employee's  employment  by  the  Company  pursuant to this
Agreement is terminated prior to the expiration of the Employment Period for any
reason  other  than  any  of  the reasons set forth in Paragraph 6(a), or for no
reason,  then, provided Employee continues to abide by the provisions of Section
7,  8 and 9 of this Agreement, the Company shall continue to pay to Employee his
base  salary  at the rate and at the times provided in Section 4(a) hereof for a
period  of one year from the date upon which such termination shall take effect.

     7.     Confidentiality.
            ---------------

          (a)     Employee  acknowledges and agrees that he has been and, during
the  Employment  Period,  will continue to be, privy to confidential proprietary
and  secret  information relating to the Company, its present or future parents,
subsidiaries  and  affiliates  and  their  respective  customers,  clients  and
suppliers.  Employee  hereby  agrees  that, beginning on the date hereof, and at
any  time  hereafter,  Employee  shall  treat  as  strictly  confidential  any
proprietary,  confidential  or  secret  information  relating to the business or
interests  of  the

                                        4
<PAGE>
Company or any present or future parent, subsidiary or affiliate of the Company,
or  any  customer,  client  or  supplier  of any of them, including, but without
limitation, the organizational structure, operations, business plans or projects
of  the  Company or any present or future parent, subsidiary or affiliate of the
Company,  or  any  customer, client or supplier of any of them, and any research
datum or result, invention, trade secret, customer list or customer information,
process  or other work product developed by or for the Company or any present or
future  parent,  subsidiary or affiliate of the Company, or any customer, client
or  supplier of any of them, whether on the premises of the Company or elsewhere
("Confidential Information"). Employee hereby agrees that, beginning on the date
hereof, and at any time hereafter, the Employee shall not disclose to any person
or  entity,  utilize for his own purposes or for the benefit of any other person
or  entity  or  make accessible to any person or entity, in any manner or in any
form,  any Confidential Information other than in connection with performing the
services required of him under this Agreement, without the prior written consent
of  the  Company.

          (b)     Employee  agrees that the provisions of this Paragraph 7 shall
survive  the  termination  of  his  employment  and  of  this  Agreement.

     8.     Assignment  of  Intellectual  Property  Rights.
            ----------------------------------------------

          (a)     If  at  any time or times during his employment by the Company
and during the six month period following his termination for any reason (or for
no reason) Employee shall (either alone or with others) make, conceive, discover
or  reduce  to  practice  any  Intellectual  Property  (as  hereinafter defined)
whatsoever  or any interest therein ("Intellectual Property Rights"), whether or
                                      ----------------------------
not  patentable or registrable under copyright or similar statutes or subject to
analogous  protection  (herein  called  "Developments"), that (i) relates to the
                                         ------------
business of the Company or any present or future parent, subsidiary or affiliate
of the Company or any of

                                        5
<PAGE>
their  respective  customers,  clients  or  suppliers  or any of the products or
services  being  developed,  manufactured, sold or provided by any of them which
may  be  used  in  connection  therewith,  (ii)  results  from tasks assigned to
Employee by the Company or any present or future parent, subsidiary or affiliate
of  the  Company, or (iii) results from the use of premises or personal property
(whether  tangible or intangible) owned, leased or contracted for by the Company
or  any  present  or future parent, subsidiary or affiliate of the Company, such
Developments  and  the  benefits  thereof  shall immediately become the sole and
absolute  property  of  the Company and its assigns, and Employee shall promptly
disclose  to the Company (or any persons designated by it) each such Development
and  hereby  assigns any rights Employee may have or acquire in the Developments
and  benefits  and/or  rights resulting therefrom to the Company and its assigns
without  further  compensation and shall communicate, without cost or delay, and
without  publishing  the  same, all available information relating thereto (with
all  necessary  plans  and  models)  to  the  Company.  As used herein, the term
"Intellectual  Property"  shall  mean  all industrial and intellectual property,
 ----------------------
including,  without  limitation,  patents,  patent  applications, patent rights,
trademarks,  trademark  applications,  trade  names, service marks, service mark
applications,  copyrights,  copyright  applications or registrations, databases,
algorithms,  computer  programs  and  other  software,  know-how, trade secrets,
proprietary  processes  and formulae, inventions, trade dress, logos, design and
all  documentation  and media constituting, describing or relating to the above.

          (b)     Upon  disclosure  of each Development to the Company, Employee
will,  during his employment and at any time thereafter, at the request and cost
of  the  Company, sign, execute, make and do all such deeds, documents, acts and
things  as  the Company and its duly authorized agents may reasonably require to
(i)  apply  for,  obtain  and  vest  in  the  name  of  the

                                        6
<PAGE>
Company  alone  (unless  the  Company  otherwise  directs)  letters,  patents,
copyrights or other analogous protection in any country throughout the world and
when  so  obtained  or  vested  to  renew  and restore the same, (ii) defend any
actions  or  opposition  proceedings  in  respect  of  such applications and any
opposition  proceedings  or  petitions  or  applications  for revocation of such
letters,  patents, copyrights or other analogous protection, and (iii) bring any
action  to  enforce  any  rights  in  any  Developments.

          (c)     The  Employee  hereby  irrevocably designates and appoints the
Company  and its duly authorized officers and agents as the Employee's agent and
attorney-in-fact,  to  act for and in the Employee's behalf and stead to execute
and  file  any  such  application  or  applications and to do all other lawfully
permitted  acts  to  further  the  prosecution and issuance of any such letters,
patents,  copyrights  and other analogous protection thereon with the same legal
force  and  effect  as  if  executed  by  Employee.

          (d)     In  the  event of the termination of Employee's employment for
any  reason  (or  no  reason),  Employee  agrees  to  deliver to the Company all
documents,  notes,  drawings,  blueprints,  formulae,  specifications,  computer
programs,  data  and other materials of any nature pertaining to any proprietary
information  or  Intellectual Property of the Company or to Employee's work with
the  Company,  and  the  Employee  will  not  take  any  of the foregoing or any
reproduction  of  any  of the foregoing that is embodied in a tangible medium of
expression.

          (e)     The obligations of Employee pursuant to this Paragraph 8 shall
survive  termination  of  his  employment  and  of  this  Agreement.

     9.     Non-Competition.
            ---------------

          (a)     Employee  acknowledges  and  agrees  that  the  retention  of
Confidential Information is essential to the continued existence of the Company,
and  that  such information

                                        7
<PAGE>
constitutes  trade  secrets,  disclosure  of  which  would  irreparably harm the
business  of  the  Company. Employee further acknowledges that the Company would
find  it  extremely  difficult to replace Employee. Accordingly, Employee agrees
that  he will not during the period he is employed by the Company or any present
or  future  parent, subsidiary or affiliate of the Company, under this Agreement
or  otherwise,  and  for  a  period  of  12  months thereafter (i) engage in, or
otherwise directly or indirectly be employed by, or act as a consultant, advisor
or  lender  to,  or  be  a  director,  officer, employee, stockholder, owner, or
partner of, any other Competitive Business (as hereinafter defined), (ii) assist
others in engaging in any Competitive Business, (iii) induce any employee of the
Company or any present or future parent, subsidiary or affiliate of this Company
to  terminate  his  employment  with  the  Company or such parent, subsidiary or
affiliate,  or  engage  in any Competitive Business, within a period of one year
after  such person is no longer employed by the Company or any present or future
parent,  subsidiary  or  affiliate  of the Company, or (iv) induce any entity or
person  with which the Company or any of present or future parent, subsidiary or
affiliate  has  a  business  relationship  to  terminate  or alter such business
relationship.  As  used  herein  "Competitive  Business"  means and includes the
business  of  designing,  developing,  manufacturing  and  marketing
RF/Microwave/Millimeter/  Wave  ceramic capacitors, thin film products and other
passive components and any other business that provides services and/or products
which are comparable to the services and/or products provided or contemplated to
be  provided  by  the  Company  or  any  present or future parent, subsidiary or
affiliate  of  the  Company.  Notwithstanding  anything  contained herein to the
contrary,  the provisions of this Paragraph 9 will not be deemed breached merely
because  Employee  owns  not  more  than 1% of the outstanding common stock of a
corporation,  if,  at  the  time  of  its acquisition by Employee, such stock is
listed  on  a  national  securities  exchange,  is

                                        8
<PAGE>
reported  on  NASDAQ, or is regularly traded in the over-the-counter market by a
member  of  a  national  securities  exchange.

          (b)     Employee understands that the foregoing restrictions may limit
his ability to earn a livelihood in a business similar to that of the Company or
any  present  or  future  parent, subsidiary or affiliate of the Company, but he
nevertheless  believes  that  he  has  received  and  will  receive  sufficient
consideration  and other benefits as an employee of the Company and as otherwise
provided  hereunder  to justify such restrictions which, in any event (given his
education, skills and ability), Employee does not believe would prevent him from
earning  a  livelihood.

          (c)     The obligations of Employee pursuant to this Paragraph 9 shall
survive  the  termination  of  his  employment  and  of  this  Agreement.

     10.     Scope  of  Agreement.  Employee  acknowledges that the restrictions
             --------------------
contained  in  Paragraphs  7,  8  and 9 are a condition of his employment by the
Company.  Employee further acknowledges that such restrictions are reasonable in
view  of  the  nature  of  the  business in which the Company is engaged and his
knowledge  of  the  Company's  business,  and that any breach of his obligations
under  Paragraphs  7, 8 and 9 hereof will cause the Company irreparable harm for
which the Company will have no adequate remedy at law.  As a result, the Company
shall  be  entitled  to  the issuance by a court of competent jurisdiction of an
injunction,  restraining  order  or  other  equitable  relief in favor of itself
restraining  Employee  from  committing  or  continuing any such violation.  Any
right  to  obtain  an  injunction,  restraining  order or other equitable relief
hereunder  will  not  be deemed a waiver of any right to assert any other remedy
the  Company  may  have  under  this Agreement or otherwise at law or in equity.

                                        9
<PAGE>
     11.     Representations  and  Warranties.  Employee represents and warrants
             --------------------------------
that the execution and delivery of this Agreement and the performance of all the
terms  of this Agreement do not and will not breach any agreement to which he is
a  party,  including,  without  limitation,  any agreement to keep in confidence
proprietary  information  acquired by Employee in confidence or trust.  Employee
has  not  entered into and shall not enter into any agreement, either written or
oral, in conflict with this Agreement.  Employee further represents and warrants
that he has not brought and will not bring with him to the Company or use at the
Company  any materials or documents of an employer or a former employer that are
not generally available to the public, unless express written authorization from
such employer for their possession and use has been obtained.   Employee further
understands  that  he is not to breach any obligation of confidentiality that he
has  to  any  employer  or  former  employer  and  agrees  to  fulfill  all such
obligations  during  the  period  of  his  affiliation  with  the  Company.

     12.     Assignment.  Under  no  circumstances shall Employee assign, pledge
             ----------
or  otherwise  dispose of any of his rights or obligations under this Agreement,
and  any  such  attempted  assignment,  pledge, or disposition shall be void and
shall  relieve  the  Company  of  all  its obligations under this Agreement. The
Company  may assign any of its rights or obligations under this Agreement to any
present  or  future  parent,  subsidiary,  affiliate,  or  successor.

     13.     Entire  Agreement.  This  Agreement is the entire agreement between
             -----------------
the  Company  and  Employee  with  respect  to  the  subject  matter  hereof and
supersedes  all other agreements, written or oral, concerning the subject matter
hereof.

     14.     Waivers  and  Further  Agreements  Any  waiver of any breach of any
             ---------------------------------
terms or conditions of this Agreement shall not operate as a waiver of any other
breach of such terms or conditions or any other term or condition, nor shall any
failure  to  enforce  any  provision  hereof

                                       10
<PAGE>
on  any  one  occasion  operate  as  a  waiver of such provision or of any other
provision hereof or a waiver of the right to enforce such provision or any other
provision  on  any  subsequent  occasion.

     15.     Amendments.  This  Agreement  may  not  be  amended,  nor shall any
             ----------
waiver,  change,  modification,  consent, or discharge be effected, except by an
instrument  in  writing  executed  by  or  on  behalf  of the party against whom
enforcement  of  any  such  amendment, waiver, change, modification, consent, or
discharge  is  sought.

     16.     Severability
             ------------

          (a)     If  any provision of this Agreement shall be held or deemed to
be  invalid, inoperative, or unenforceable as written, it shall be construed, to
the  greatest  extent  possible,  in  a  manner  which shall render it valid and
enforceable,  and  any limitation on the scope or duration of any such provision
necessary  to  make it valid and enforceable shall be deemed to be part thereof.

          (b)     If  any provision of this Agreement shall be held or deemed to
be  invalid,  inoperative, or unenforceable as applied to any particular case in
any  jurisdiction  or  jurisdictions,  or  in all jurisdictions or in all cases,
because  of  the  conflict  or any provision with any constitution or statute or
rule  of public policy or for any other reason, such circumstance shall not have
the  effect  of  rendering  the  provision  or  provisions  in question invalid,
inoperative,  or unenforceable in any other jurisdiction or in any other case or
circumstance  or of rendering any other provision or provisions herein contained
invalid,  inoperative, or unenforceable to the extent that such other provisions
are not themselves actually in conflict with such constitution, statute, or rule
of public policy, but this Agreement shall be reformed and construed in any such
jurisdiction or case as if such invalid, inoperative, or unenforceable provision
had never been contained herein, and such provision reformed so that it would be
valid,  operative,  and  enforceable

                                       11
<PAGE>
to the maximum extent permitted in such jurisdiction or in such case.

     17.     Governing  Law.  This  Agreement shall be governed by and construed
             --------------
and  enforced  in  accordance  with  the  laws of the State of New York, without
giving  effect  to  rules  governing  conflicts  of  law.

     18.     Courts.  Any  action  to  enforce  any  of  the  provisions of this
             ------
Agreement  shall be brought in the courts of the State of New York.  The parties
hereby  consent  to  the  jurisdiction  of  the courts of the State of New York.

     19.     Notices.  Any notices required or permitted by this Agreement shall
             -------
be  in  writing  and  personally  delivered or mailed by certified or registered
mail,  return receipt requested, addressed to the parties at their addresses set
forth  above,  or  to such other addresses as one party may specify to the other
party,  from time to time, in writing.  Any notice personally delivered shall be
deemed  given  at the time of receipt thereof, and any notice given by certified
or  registered  mail  shall  be  deemed  given  at  the time of certification or
registration  thereof.

     20.     Counterparts.  This  Agreement  may  be  executed  in  one  or more
             ------------
counterparts,  each  of which shall be deemed to be an original but all of which
together  will  constitute  one  and  the  same  instrument.

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

                                        AMERICAN TECHNICAL CERAMICS CORP.

                                        By:  /s/ KATHLEEN M. KELLY
                                             -----------------------------------
                                             Kathleen M. Kelly
                                             Vice President, Administration and
                                             Corporate Secretary

                                       12
<PAGE>
                                             /s/  STEPHEN BEYEL
                                             -----------------------------------
                                             Stephen Beyel

                                       13
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}]]