Document:

EXHIBIT 10.3

          FIRST ADDENDUM TO THE STOCK ESCROW AND SECURITY AGREEMENT

    BETWEEN D. RONALD ALLEN ("Allen") and INTEGRATED PERFORMANCE SYSTEMS,
                  Inc.("IPS") (collectively, "Transferors")

                                      &

  BRAD JACOBY ("Jacoby") and BEST CIRCUIT BOARDS, Inc.("BCB") (collectively,
                                "Transferees")

                              November 24, 2004

 ============================================================================

 The following Agreement is made and entered into this 24th day of November,
 2004, by, between, and among Transferors Allen and IPS and Transferees
 Jacoby and BCB (sometimes collectively referred to as the "Parties").

 WHEREAS, Transferors and Transferees executed a "Stock Escrow and Security
 Agreement" on September 16, 2004, in which Transferors transferred all
 shares of common stock held in IPS by Allen or entities affiliated with
 Allen, into escrow as security for the payment of certain liabilities;

 WHEREAS, IPS and BCB executed an "Agreement and Plan of Merger" on October
 22, 2004, and subsequently amended, in which BCB shall become a wholly owned
 subsidiary of IPS ("the Merger Transaction");

 WHEREAS, the Agreement and Plan of Merger provided for, in Section 7.2
 therein, additions to the stock held in escrow pursuant to the Stock Escrow
 and Security Agreement;

 WHEREAS, both parties therefore wish to add to and modify certain provisions
 of the Stock Escrow and Security Agreement to reflect these subsequent
 agreements;

 THEREFORE, the parties to the above-referenced agreement hereby make the
 following changes to that agreement:

 S1.  Incorporation Clause:  The above and foregoing preambles are
 incorporated by reference as if fully set forth herein.  Additionally,
 the Agreement and Plan of Merger, including all amendments and addendums
 thereto, is herein incorporated by reference as if fully set forth herein.

 S2.  "Article I:  Escrow Deposit" is hereby amended to read as follows:

 S1.01.  Transferor Allen, contemporaneous with the closing of the Merger
 Transaction,  shall deposit all certificated securities he may have in
 Integrated Performance Systems, Inc. (IPS) held as common stock with Escrow
 Agent to secure Transferors' obligations as described in S1.04 below and as
 supplemented by Article VII of the Agreement and Plan of Merger.  The amount
 or value of the certificates transferred shall constitute the "Escrow Fund."
 By making such deposit, Transferor warrants that he has authority to pledge
 such securities, that such deposit does not violate any known agreements or
 covenants with any 3rd party, and that proper indorsement has been made on
 such securities, if necessary.

 Such securities are identified, in part, as follows:

      Certificate
      Held in the name of:  Associates Funding Group, Inc.
      Number of shares:  1,249,244 shares

      Certificate
      Held in the name of:  Associates Funding Group, Inc.
      Number of shares:  1,567,959 shares

      Certificate
      Held in the name of:  BC&Q Corp.
      Number of shares:  849,485 shares

      Certificate
      Held in the name of:  Winterstone Management, Inc.
      Number of shares:  905,244 shares

 Additional deposits shall include all common shares issued by IPS as a
 result of the conversion of Preferred shares of any series held by Allen or
 an entity in which Allen is a shareholder, partner, member, or other equity
 stakeholder, as well as shares issued by IPS to Landmark Lakes to be used as
 satisfaction of delinquent property taxes under the lease with C Gate
 Construction.

 S1.02.  For the duration of this Agreement, all voting rights represented
 by stock transferred into the Escrow Fund pursuant to S1.01, as well as any
 other rights appurtenant to the ownership of such stock,  shall be exercised
 by Transferee Brad Jacoby.

 S1.03.  The assets in the Escrow Fund are to be retained by Gregory W.
 Mitchell, acting as Escrow Agent and Escrow Trustee pursuant to this Escrow
 Agreement.  The assets (and any income which might be earned on them) may be
 disbursed from the Escrow Fund only in accordance with Article III or in
 accordance with Article VII of the Agreement and Plan of Merger.

 S1.04.  The assets in the Escrow Fund shall be held as security against any
 and all past or future advances by Transferees in favor of Transferors, as
 well as all obligations described in the Agreement and Plan of Merger.  Upon
 request, Transferee will provide Transferor an accounting of the unpaid
 obligations secured by the collateral in the Escrow Fund.  A reasonable
 charge may be applied for such accounting.

 S1.05.  Transferor Allen hereby acknowledges Transferees' security interest
 in the stock deposited into the Escrow Fund and waives any failure to
 perfect such security interest if later found by a court of law.

 S2.  S2.02 of Article II:  Duties of Escrow Agent is hereby amended to read
 as follows:

 S2.02.  The Escrow Agent shall disburse part or all of the Escrow Fund only
 in accordance with Article III herein or as described in Article VII of the
 Agreement and Plan of Merger.  All interest and other income earned, if any,
 on the Escrow Fund at the time of disbursement shall be distributed in the
 same proportion as the distribution of the Escrow Fund.  On distribution of
 all the Escrow Fund, except as otherwise provided under Article IV below,
 this Escrow Agreement shall terminate.

 S3.  Article III is hereby amended to read as follows:

 S3.01.  No disbursements shall be made from the Escrow Fund except as
 provided in this
 Article III or as provided in Article VII of the Agreement and Plan of
 Merger.

 S3.02.  No disbursements shall be made from the Escrow Fund prior to either
 the closing of or the termination of the Merger Transaction (no matter which
 party is responsible for the termination).

 S3.03.  Upon the closing or termination of the Merger Transaction and
 thereafter, Escrow Agent shall disburse to Transferees an amount
 representing the amount of funds advanced in favor of Transferors prior to
 the closing or termination as well as amounts described in Article VII of
 the Agreement and Plan of Merger.  Transferees shall present documentation
 sufficient to substantiate that amount.  Prior to disbursement, Transferors
 shall be given the opportunity to object to the amount as well as the
 opportunity to satisfy such amount in cash or other payment acceptable to
 Transferee.

 S3.04.  Escrow Agent shall give notice to both Transferors and Transferees
 prior to making partial or complete disbursement of any amounts from the
 Escrow Fund pursuant to this Article III or pursuant to Article VII of the
 Agreement and Plan of Merger.

 S3.05.  Unless otherwise agreed, any stock deposited into the Escrow Fund
 shall, upon disbursement, be valued at a price equal to that paid by
 institutional investors pursuant to the Capital Raise as described in
 the Agreement and Plan for Merger for purposes of satisfying advances or
 liabilities.

 S3.06.  Prior to liquidation of any stock held in the Escrow Fund to be
 disbursed in accordance with this Article, Transferors shall be allowed
 to fund the disbursement in an equivalent amount of cash or other form of
 payment acceptable to Transferees.

 S3.07.  Transferors shall pay Escrow Agent his customary fee for the
 performance of Escrow Agent's services for such time that any Escrow Funds
 remain in escrow and shall reimburse Escrow Agent for reasonable costs
 and expenses incurred in connection with the performance of the services.
 Escrow Agent shall have the authority to disburse an amount from the Escrow
 Fund to satisfy any unpaid amounts under this section at the time of
 termination of the Escrow Fund.

 S3.08.  Upon satisfaction of all amounts advanced by Transferees to
 Transferors and upon satisfaction of the provisions of Article VII of the
 Agreement and Plan of Merger, the Escrow Fund shall be terminated pursuant
 to Article VII of the Agreement and Plan of Merger.

     The parties to this First Addendum To The Stock Escrow And Security
 Agreement have duly executed this Agreement on this the 24th day of
 November, 2004.

 /s/ D. Ronald Allen                /s/ Brad Jacoby
 ------------------------------     ------------------------------
 D. Ronald Allen                    Brad Jacoby
 On behalf of Transferors           On behalf of Transferees

 /s/ Gregory W. Mitchell
 ------------------------------
 Gregory W. Mitchell
 Escrow Agent and TrusteeEXHIBIT 10.4

                                  AGREEMENT

 The following Agreement is made and entered into this 24th day of November,
 2004, by, between, and among Associates Funding Group ("AFG"), CMLP Group
 Ltd. ("CMLP") and Best Circuit Boards, Inc. ("BCB") (sometimes collectively
 referred to as the "Parties").

 WHEREAS, Integrated Performance Systems, Inc. ("IPS") and BCB have entered
 into an Agreement and Plan of Merger dated October 22, 2004 in which BCB
 will become a wholly owned subsidiary of IPS (the "Merger Transaction").

 WHEREAS, the Parties mutually agree that it is in their best interest and
 in the best interest of the Merger Transaction if the number of outstanding
 shares of stock in IPS is reduced prior to the close of the Merger
 Transaction.

 WHEREAS, D. Ronald Allen ("Allen") and IPS (as Transferors) executed a
 "Stock Escrow and Security Agreement" with Brad Jacoby and Best Circuit
 Boards, Inc. (as Transferees) on September 16, 2004, in which Transferors
 transferred all shares of common stock held in IPS by Allen or entities
 affiliated with Allen, specifically including AFG and CMLP, into escrow
 as security for the payment of certain liabilities.

 WHEREAS, the Parties wish to clarify their agreement regarding the giveback
 of outstanding shares into the treasury of IPS.

 NOW, THEREFORE, in consideration of the premises stated herein, and for
 other good and valuable consideration, the receipt and sufficiency of which
 are hereby acknowledged, the Parties do mutually agree as follows:

 S1.  AFG to Give Back Shares - AFG hereby agrees to transfer five million
 seven hundred seventy-seven thousand four hundred eighty-three (5,777,483)
 shares of IPS back into the treasury of IPS immediately prior to the closing
 of the Merger Transaction.

 S2.  CMLP to Give Back Shares - CMLP hereby agrees to transfer two million
 eight hundred fifty-six thousand five hundred seventeen (2,856,517) shares
 IPS back into the treasury of IPS immediately prior to the closing of the
 Merger Transaction.

 S3.  No Effect of Agreement on Stock Escrow and Security Agreement -
 This Agreement in no way affects the Stock Escrow and Security Agreement
 originally executed on September 16, 2004, and subsequently modified by an
 addendum executed of even date herewith.  In particular, this Agreement does
 not obviate the requirement that Allen deposit 75% of his total holdings
 into escrow, whether held individually or in the name of an entity of which
 Allen is a shareholder, partner, member, or other equity stakeholder.  The
 shares transferred to the treasury pursuant to this Agreement shall not be
 considered in computing the 75% of holdings to be deposited into escrow as
 described.

 SIGNED this the 24th day of November, 2004.

 /s/ D. Ronald Allen                /s/ Brad Jacoby
 ------------------------------     ------------------------------
 Associates Funding Group           Best Circuit Boards, Inc.
 By:  D. Ronald Allen               By:  Brad Jacoby
 Its: President/Chairman            Its:  President/Chairman

 /s/ D. Ronald Allen
 ------------------------------
 CMLP Group, Ltd.
 By:  D. Ronald Allen
 Its:  President/Chairman

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