0001104659-06-056140 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • August 18th, 2006 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies • Utah

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the 8 day of February, 2006, by and between EVANS & SUTHERLAND COMPUTER CORPORATION, a Utah corporation (the “Company”) and Paul Dailey (the “Executive”).

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All notices to be given to Mortgagee pursuant to in Paragraph 25 of this Mortgage.) OPEN-END MORTGAGE AND SECURITY AGREEMENT
Open-End Mortgage and Security Agreement • August 18th, 2006 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania

THIS OPEN-END MORTGAGE AND SECURITY AGREEMENT (this “Mortgage”), made this 28th day of April, 2006, by and between Spitz, Inc., a Delaware corporation, with an address of P.O. Box 198, Route 1, Chadds Ford, Pennsylvania 19317 (the “Mortgagor”), and FIRST KEYSTONE BANK (“Mortgagee”), a federally chartered stock savings bank organized and existing under the laws of the United States of America, at Mortgagee’s office located at 22 West State Street, Media, Pennsylvania, 19063.

LINE OF CREDIT AGREEMENT
Line of Credit Agreement • August 18th, 2006 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania

THIS IS A LINE OF CREDIT AGREEMENT (the “Agreement”), dated as of the 28th day of April, 2006, between SPITZ, INC., a Delaware corporation (“Borrower”), with an address of P.O. Box 198, Route 1, Chadds Ford, Pennsylvania, 19317; FIRST KEYSTONE BANK, a federally chartered stock savings bank organized and existing under the laws of the United States of America, with a principal business office located at 22 West State Street, Media, Pennsylvania, 19063 (“Lender”); and EVANS & SUTHERLAND COMPUTER CORPORATION, a Utah corporation (hereinafter the “Guarantor”) .

SECURITY AGREEMENT
Security Agreement • August 18th, 2006 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania

THIS SECURITY AGREEMENT (“Agreement”), made this 28th day of April, 2006, between FIRST KEYSTONE BANK (herein referred to as the “Bank”), with an address of 22 West State Street, Media, Pennsylvania,19063, and SPITZ, INC., a Delaware corporation (herein referred to as “Borrower”), with a mailing address of P.O. Box 198, Route 1, Chadds Ford, Pennsylvania, 19317.

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • August 18th, 2006 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies • Utah

This SEPARATION AND RELEASE AGREEMENT (“Separation Agreement”) is made and entered into by and between EVANS & SUTHERLAND COMPUTER CORPORATION, a Utah corporation (the “Company”), and JAMES R. OYLER (“Mr. Oyler”).

AGREEMENT AND RELEASE OF ADEA CLAIMS
Agreement and Release of Adea Claims • August 18th, 2006 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies • Utah

This AGREEMENT AND RELEASE OF ADEA CLAIMS (“Agreement”) is made and entered into by and between EVANS & SUTHERLAND COMPUTER CORPORATION, a Utah corporation (the “Company”), and JAMES R. OYLER (“Mr. Oyler”).

GUARANTY
Guaranty • August 18th, 2006 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania

THIS GUARANTY is made this 28th day of April, 2006, by EVANS & SUTHERLAND COMPUTER CORPORATION, a Utah corporation (hereinafter the “Guarantor”).

PLEDGE AGREEMENT
Pledge Agreement • August 18th, 2006 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania

THIS PLEDGE AGREEMENT (“Agreement”) is made this 28th day of April, 2006, by and between EVANS & SUTHERLAND COMPUTER CORPORATION, headquartered at 600 Komas Drive, Salt Lake City, UT 84108 (“Debtor”), and FIRST KEYSTONE BANK (“Bank”), at 22 West State Street, Media, Pennsylvania, 19063.

FIRST MODIFICATION AGREEMENT
Modification Agreement • August 18th, 2006 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies

THIS FIRST MODIFICATION AGREEMENT (the “Agreement”) is made and entered into this 28th day of July, 2006, by and between First Keystone Bank (the “Bank”), chartered under the Laws of the United States of America, having its principal office at 22 West State Street, Media, Pennsylvania, 19063, Spitz, Inc., a Delaware corporation (the “Borrower”), with an address of P.O. Box 198, Route 1, Chadds Ford, Pennsylvania, 19317, and Evans & Sutherland Computer Corporation, a Utah corporation (the “Guarantor”).

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