FORM OF EMPLOYMENT AGREEMENT FOR CREIGHTON K. EARLYForm of Employment Agreement • November 7th, 2005 • Dpac Technologies Corp • Semiconductors & related devices • California
This Employment Agreement (“Agreement”) is made and entered into by and between DPAC Technologies Corp., a California corporation (the “Company”) and Creighton Early, an individual (“Executive”), effective as of the Effective Date as defined in the Agreement and Plan of Reorganization dated April , 2005 (“Merger Agreement”) among the Company, Quatech, Inc. and Acquisition Sub, as defined in the Merger Agreement. In consideration of the mutual covenants and agreements set forth herein, receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
WESTERN RESERVE PARTNERS, LLC Phone: (216) 589-0900 Fax: (216) 589-9558 www.wesrespartners.comDpac Technologies Corp • November 7th, 2005 • Semiconductors & related devices • Ohio
This agreement sets forth the terms and conditions under which QuaTech, Inc. (the “Company”) has engaged Western Reserve Partners LLC (“Western Reserve”) as its exclusive financial advisor in connection with the possible sale and/or recapitalization of the Company.
ContractNonqualified Stock Option Agreement • November 7th, 2005 • Dpac Technologies Corp • Semiconductors & related devices • Pennsylvania
THE SECURITY REPRESENTED BY THIS CERTIFICATE HAS BEEN ACQUIRED FOR IN VESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.
ContractDpac Technologies Corp • November 7th, 2005 • Semiconductors & related devices • California
ContractIncentive Stock Option Agreement • November 7th, 2005 • Dpac Technologies Corp • Semiconductors & related devices • Ohio
THE SECURITY REPRESENTED BY THIS CERTIFICATE HAS BEEN ACQUIRED FOR IN VESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.
