EXHIBIT 10.27
EXTENSION TO TOLLING AGREEMENT
WHEREAS, Symbol Technologies, Inc. ("Symbol") and Tomo Razmilovic ("Razmilovic")
entered into an Employment Agreement dated February 14, 2002, and a Separation,
Release, and Non-Disclosure Agreement that was fully executed on February 27,
2002 (the "2002 Agreements");
WHEREAS, Symbol and Razmilovic entered into a tolling agreement dated May 6,
2003 ("Tolling Agreement");
WHEREAS, Symbol and Razmilovic have agreed to extend the effective dates of the
Tolling Agreement (the "Extension");
WHEREAS, Symbol and Razmilovic, in consideration of the mutual promises,
covenants and agreements set forth in the Tolling Agreement and in this
Extension, the sufficiency of which is hereby acknowledged, agree as follows:
1. The terms and provisions of the Tolling Agreement are incorporated herein.
2. The Termination Date of the Tolling Agreement shall be extended to and
include December 31, 2004.
3. This Extension may be executed in one or more counterparts, each of which
shall be deemed an original but also which together shall constitute one and the
same instrument.
DATED: March 18, 2004
/s/ TOMO RAZMILOVIC
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Tomo Razmilovic
PIPER RUDNICK
/s/ DAVID E. NECHMAN
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David E. Nechman
1251 Avenue of the Americas
New York, New York 10020
Tel: (212) 835-6074
Attorneys for Tomo Razmilovic
Extension of Tolling Agreement
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SYMBOL TECHNOLOGIES, INC.
/s/ PETER LIEB
--------------------------------------
Peter Lieb
Senior Vice President and General
Counsel
Symbol Technologies -- Corporate
Headquarters
One Symbol Plaza
New York, New York 11742-1300
Tel: (631) 738-2400
SWIDLER BERLIN SHEREFF FRIEDMAN, LLP
/s/ ANDREW J. LEVANDER
--------------------------------------
Andrew J. Levander
The Chrysler Building
405 Lexington Avenue
New York, New York 10174
Tel: (212) 973-0111
Attorneys for Symbol Technologies,
Inc.
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