Document:

EMPLOYMENT AGREEMENT

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of ______________, 2007, but shall be effective, nunc pro tunc, as of January 1, 2007, by and between INLAND REAL ESTATE CORPORATION, a Maryland corporation (the “Company”), and Beth Sprecher Brooks (the “Executive”).

RECITALS:

A.

The Company is a real estate investment trust which owns, operates and acquires neighborhood retail centers and community centers within an approximate 400 mile radius of its headquarters in Oak Brook, Illinois (the “Business”).

B.

Executive has served as the Company’s General Counsel and has demonstrated certain unique and particular talents and abilities with regard to the Business.

C.

The Company desires to continue to assure itself of the availability of the talents and abilities of Executive, by entering into a new employment agreement to become effective as of January 1, 2007.

D.

Executive desires to continue to be employed by the Company, subject to the terms, conditions and covenants hereinafter set forth.

E.

As a condition for the Company to enter into this Agreement, Executive has agreed to restrict her ability to enter into competition with the Company.

NOW, THEREFORE, in consideration of the foregoing and the agreements, covenants and conditions set forth herein, Executive and the Company hereby agree as follows:

ARTICLE I

EMPLOYMENT

1.1

Employment.

(a)

The Company hereby employs and engages Executive, and Executive hereby accepts employment, upon the terms and conditions set forth in this Agreement.  Effective as of January 1, 2007 (the “Effective Date”), Executive shall serve as General Counsel and Vice President, with duties commensurate with such positions and such other duties and responsibilities as assigned from time to time by the Company.

(b)

In addition, Executive shall provide advice, consultation and services to any other entities which control, are controlled by or are under common control with the Company now or in the future (collectively, “Affiliates”), as may be requested by the Company.

1.2

Activities and Duties During Employment.  Executive represents and warrants to the Company that she is free to engage in full-time employment with the Company, and that she has no prior or other commitments or obligations of any kind to anyone else which would hinder or interfere with her acceptance of her obligations under this Agreement, or the exercise of her reasonable commercial efforts as an employee of the Company.  During the Employment Term (as defined below), Executive agrees:

(a)

to faithfully serve and further the interests of the Company in every lawful way, giving honest, diligent, loyal and cooperative service to the Company and its Affiliates;

(b)

to comply with all reasonable rules and policies which are consistent with the terms of this Agreement and which, from time to time, may be adopted by the Company or its Affiliates; and

(c)

to devote all of her business time, attention and efforts to the faithful and diligent performance of her services to the Company and its Affiliates.

ARTICLE II

TERM

2.1

Term.  The term of employment under this Agreement shall commence on the Effective Date and shall last through and including December 31, 2007 (the “Employment Term”) except as this Agreement may be terminated as provided in Section 2.2.  

2.2

Termination.  The Employment Term and employment of Executive may be terminated as follows:

(a)

By the Company immediately for Cause (as hereinafter defined).

(b)

By the Company immediately without Cause.

(c)

Automatically, without the action of either party, upon the death of Executive.

(d)

By either party upon a determination of Total Disability (as hereinafter defined) of Executive.

(e)

Voluntarily by Executive.

(f)

By Executive, immediately for Good Reason (as hereinafter defined).

(g)

On expiration of the Employment Term if not extended by the mutual consent of the Company and Executive.

2.3

Definitions of “Cause,” “Total Disability,” Good Reason” and “Change of Control.”

(a)

For the purpose of this Agreement, “Cause” shall mean:  (i) conduct amounting to fraud, embezzlement, disloyalty or illegal misconduct in connection with Executive’s duties under this Agreement and as an employee of the Company; (ii) conduct that the Company reasonably believes has brought the Company into substantial public disgrace or disrepute; (iii) failure to perform her duties hereunder as reasonably directed by the Company after providing written notice of the failure to Executive and Executive has failed to cure within ten (10) days of receiving notice; (iv) gross negligence or willful misconduct by the Executive with respect to the Company, its clients, its employees and its activities; or (v) material breach by the Executive of this Agreement or any other agreement to which Executive and the Company are a party or any material breach by the Executive of any written policy adopted by the Company concerning conflicts of interest, standards of business conduct or fair employment practices and any other similar matter, provided that the Company has provided written notice of the breach to Executive and Executive has failed to cure the breach within ten (10) days of receiving notice.  

(b)

For purposes of this Agreement, Executive shall be determined to have a “Total Disability” upon the determination of a physician, acceptable to the Company and Executive that Executive is unable, by reason of accident or illness, to substantially perform his duties or is expected to be in the condition for periods totaling six (6) months (whether or not consecutive) during any period of twelve (12) months.  Nothing herein shall limit Executive’s right to receive any payments to which Executive may be entitled under any disability or employee benefit plan of the Company or under any disability or insurance policy or plan.  During a period of Total Disability prior to termination hereunder, Executive shall continue to receive his full compensation (including base salary) and benefits.

(c)

“Good Reason” will mean any of the following events which have not been cured within ten (10) days following the Company’s receipt of Executive’s written notice specifying the events or factors constituting Good Reason:

(i)

the Company requires Executive to relocate his principal residence to a location outside the Greater Chicago Metropolitan Area in order to perform his duties and responsibilities hereunder;

(ii)

the Executive’s base salary or other compensation and benefits is reduced to less than the amount of the Base Salary and other compensation and benefits as set forth in Section 3.1 below;

(iii)

a material breach by the Company of the provisions of this Agreement; or

(iv)

following a Change of Control, the assignment to Executive of duties which constitute a material reduction in Executive’s title or authority and which are materially inconsistent with Executive’s position as contemplated by this Agreement.

(d)

“Change of Control” shall mean any of the following events:

(i)

the members of the Company’s board of directors as of the date of this Agreement fail to constitute a majority of the members of the board; provided, however, that any individual becoming a member of the board who is nominated or appointed to the board seat on the recommendation and approval of the Company’s Nominating and Corporate Governance Committee shall be treated as if he or she were a member of the board as of the date of this Agreement;

(ii)

the disposition by the Company of all, or substantially all, of the assets of the Company; or

(iii)

the termination and liquidation of the Company.

ARTICLE III

COMPENSATION AND BENEFITS

3.1

Compensation.

(a)

Base Salary.  During the Employment Term, the Company shall pay Executive a base salary (the “Base Salary”) of $205,000 per annum.

(b)

Annual Incentive Bonus.  The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

(c)

Annual Long Term Share Award.  No later than June 30 of each fiscal year during the Employment Term, the Company shall grant Executive an Annual Long Term Share Award consisting of shares of the common stock of the Company (“Long Term Shares”), subject to the conditions set forth below and in accordance with the schedule set forth on Exhibit B, attached hereto and made a part hereof.  Twenty percent (20%) of any Long Term Shares granted hereunder shall vest on each successive yearly anniversary of the grant of the Long Term Shares.

(i)

All Long Term Shares shall be issued under, and in accordance with, the Company’s 2005 Equity Award Plan (the “2005 Equity Award Plan”); to the extent the terms of any Long Term Shares granted pursuant to this Agreement conflict with the terms of the 2005 Equity Award Plan, the terms of the 2005 Equity Award Plan shall apply to the minimum extent necessary to eliminate the conflict.  Executive shall be the record owner of any Long Term Shares granted hereunder; provided that any Long Term Shares that have not yet vested shall be forfeited and redeemed by the Company, without any further action on the part of the Company or the Executive, if Executive is no longer employed by the Company for any reason, other than in connection with a termination as described in Sections 2.2(b), (c) or (d).  Executive may not sell, transfer, hypothecate, pledge or assign any Long Term Shares which have not vested.

(ii)

Upon the occurrence of any forfeiture of Long Term Shares, Executive shall immediately take all actions necessary to permit the Company to redeem any forfeited Long Term Shares.

(iii)

Unless forfeited, Executive may exercise all rights of a stockholder, including the right to vote and receive dividends with respect to any Long Term Shares granted Executive.

(iv)

All Long Term Shares which may be issuable hereunder shall be issued in reliance upon the following representations, warranties and agreements of Executive, each of which shall be true and correct as of the date of issuance and each of which shall survive the termination of this Agreement.

(A)

Executive acknowledges that the common stock underlying any Long Term Shares has been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to an effective registration statement on Form S-8 (file no. 333-128624);

(B)

Executive acknowledges that once the common stock underlying any Long Term Shares has been issued to Executive, the common stock may not be subsequently transferred or sold by Executive except in compliance with the registration requirements of federal and state securities law or exemptions therefrom;

(C)

Executive acknowledges that an investment in the Company’s common stock is subject to significant risk, including the risks described, from time to time, in the Company’s annual reports on Form 10-K.  Executive represents and warrants that she has such knowledge and expertise in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Company’s common stock and the ability to bear the economic risk of the investment; and

(D)

Executive represents and warrants that he has had the opportunity to ask questions of the Company concerning its business and to obtain any information which he considers necessary to verify the accuracy of or to amplify upon the Company’s disclosures and that all questions which have been asked have been answered by the Company to Executive’s satisfaction.

(d)

Annual Stock Option Award.  No later than June 30 of each fiscal year during the Employment Term, the Company shall grant Executive an Annual Stock Option Award to purchase shares of the common stock of the Company (“Annual Stock Options”), subject to the conditions set forth below and in accordance with the schedule set forth on Exhibit C, attached hereto and made a part hereof.  Twenty percent (20%) of any Annual Stock Options granted hereunder shall vest on each successive yearly anniversary of the grant of the Annual Stock Options.

(i)

All Annual Stock Options shall be issued under, and in accordance with, the 2005 Equity Award Plan; to the extent the terms of any Annual Stock Options awarded pursuant to this Agreement conflict with the terms of the 2005 Equity Award Plan, the terms of the 2005 Equity Award Plan shall apply to the minimum extent necessary to eliminate the conflict.  Any Annual Stock Options that have not yet vested shall be forfeited and redeemed by the Company, without any further action on the part of the Company or the Executive, if Executive is no longer employed by the Company for any reason, other than in connection with a termination as described in Sections 2.2(b), (c) or (d).  Executive may not sell, transfer, hypothecate, pledge or assign any Annual Stock Options which have not vested.

(ii)

Upon the occurrence of any forfeiture of Annual Stock Options, Executive shall immediately take all actions necessary to permit the Company to redeem any forfeited Annual Stock Options.

(iii)

All Annual Stock Options which may be issuable hereunder shall be issued in reliance upon the following representations, warranties and agreements of Executive, each of which shall be true and correct as of the date of issuance and each of which shall survive the termination of this Agreement.

(A)

Executive acknowledges that the common stock underlying any Annual Stock Options has been registered under the Securities Act pursuant to an effective registration statement on Form S-8 (file no. 333-128624);

(B)

Executive acknowledges that once the common stock underlying any Annual Stock Options has been issued to Executive, the common stock may not be subsequently transferred or sold by Executive except in compliance with the registration requirements of federal and state securities law or exemptions therefrom;

(C)

Executive acknowledges that an investment in the Company’s common stock is subject to significant risk, including the risks described, from time to time, in the Company’s annual reports on Form 10-K.  Executive represents and warrants that she has such knowledge and expertise in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Company’s common stock and the ability to bear the economic risk of the investment; and

(D)

Executive represents and warrants that she has had the opportunity to ask questions of the Company concerning its business and to obtain any information which she considers necessary to verify the accuracy of or to amplify upon the Company’s disclosures and that all questions which have been asked have been answered by the Company to Executive’s satisfaction.

3.2

Payment.  All Base Salary due Executive hereunder shall be paid in accordance with the general payroll payment practice of the Company for executive level employees; except that any payment relating to the termination of Executive shall be paid as a lump sum payment within fifteen (15) days of termination.

3.3

Business Expenses.

(a)

Reimbursement.  The Company shall reimburse Executive for all ordinary and necessary business expenses incurred by her in connection with the performance of her duties hereunder.  The reimbursement of business expenses will be governed by the policies for the Company as they are in effect from time to time during the term of this Agreement.

(b)

Accounting.  Executive shall provide the Company with an accounting of any expenses, for which reimbursement is sought including a description of the purpose for which each expense was incurred.  Executive shall provide the Company with such other supporting documentation and other substantiation of reimbursable expenses as may be required by Company to conform to Internal Revenue Service or other requirements.  All such reimbursements shall be payable by the Company to Executive within a reasonable time after receipt by the Company of appropriate documentation required by the Company.

3.4

Other Benefits. The Company shall provide Executive with such retirement benefits and group health and other insurance coverage at such levels and on such terms as the Company generally provides to its executive level employees in accordance with its Company-sponsored benefit plans as they are in effect from time to time during the term of the Agreement.

3.5

Compensation Upon Termination.  If Executive’s employment hereunder and this Agreement is terminated in accordance with the provisions of Article II, the Company will be obligated to provide to Executive compensation and benefits, in lieu of any severance under any severance plan that the Company may then have in effect, and subject to setoff for any amounts owed by Executive to the Company or any affiliate of the Company by reason of any contract, agreement, promissory note, advance, failure to return Company property or loan document, as follows:

(a)

Upon Termination for Death or Total Disability.  If Executive’s employment hereunder and this Agreement is terminated by reason of her death or Total Disability, under Sections 2.2(c) or (d), then within thirty (30) days of the date of termination the Company will pay Executive (or his estate or beneficiaries):

(i)

any Base Salary that has been accrued but not paid as of the date of termination (the “Accrued Base Salary”);

(ii)

any compensation for unused vacation days accrued as of the termination date in an amount equal to Executive’s Base Salary multiplied by a fraction, the numerator of which is the number of accrued unused vacation days and the denominator of which is 360 (the “Accrued Vacation Payment”);

(iii)

any expenses incurred by Executive prior to the date of termination that may be reimbursed pursuant to this Agreement (the “Accrued Reimbursable Expenses”);

(iv)

any accrued and vested benefits required to be provided upon death or Total Disability by the terms of any Company-sponsored benefit plans or programs exclusive of any Long Term Shares or Annual Stock Options (the “Accrued Benefits”), together with any benefits required to be paid or provided in the event of Executive’s death or Total Disability under applicable law; and

(v)

an amount equal to either the prorated portion of the Annual Incentive Bonus that Executive received for the last fiscal year completed prior to termination equal to the relevant Annual Incentive Bonus multiplied by a fraction, the numerator of which is the number of days in the year prior to the date of death or Total Disability and the denominator of which is 360, or if the termination occurs in the first year of the Employment Term, then the prorated portion of the Annual Incentive Bonus as if the target bonus was received for that year (the “Accrued Bonus”) calculated in the same fashion.

In addition, if Executive’s employment and this Agreement is terminated under Sections 2.2(c) or (d), any Long Term Shares or Annual Stock Options issued to Executive under this Agreement which have not yet vested shall immediately vest and shall no longer be subject to forfeiture.

(b)

Upon Termination by Company for Cause or Voluntarily by Executive.  If Executive’s employment hereunder and this Agreement is terminated under Sections 2.2(a) or (e), within fifteen (15) days of the date of such termination, the Company will pay Executive:

(i)

any Accrued Base Salary;

(ii)

any Accrued Vacation Payment;

(iii)

any Accrued Reimbursable Expenses; and

(iv)

any Accrued Benefits, together with any benefits required to be paid or provided under applicable law.

In addition, if Executive’s employment and this Agreement is terminated under Sections 2.2(a) or (e), any Long Term Shares or Stock Option Awards issued to Executive which have not yet vested shall immediately be forfeited by Executive.

(c)

Upon Termination by the Company Without Cause or by Executive for Good Reason.  If Executive’s employment hereunder and this Agreement is terminated under Sections 2.2(b) or (f), the Company will pay Executive:

(i)

any Accrued Base Salary;

(ii)

any Accrued Vacation Payment;

(iii)

any Accrued Reimbursable Expenses;

(iv)

any Accrued Benefits, together with any benefits required to be paid or provided under applicable law;

(v)

any Accrued Bonus; and

(vi)

an amount equal to 1.0 times the sum of: (A) Executive’s then current per annum base salary; plus (B) an amount equal to the Annual Incentive Bonus which was paid to Executive for the fiscal year immediately preceding the year of termination; provided, however, that the payment to Executive pursuant to this Section 3.5(c)(vi) shall in no event exceed an amount which would cause Executive to receive an “excess parachute payment” as defined in the Internal Revenue Code of 1986, as amended (the “Code”); provided, however that if the termination occurs within one year of a Change of Control, then in addition to the amounts described in clauses (i) through (v) above, the Company will pay Executive an amount equal to 1.5 times the sum of: (A) Executive’s then current per annum base salary; plus (B) an amount equal to the Annual Incentive Bonus which was paid to Executive for the fiscal year immediately preceding the year of termination; plus (C) the aggregate dollar value of each of the Annual Long Term Share Award and Annual Stock Option Award that was granted to Executive for the fiscal year immediately preceding the year of termination; provided, however, that the payment to Executive pursuant to this Section 3.5(c)(vi) shall in no event exceed an amount which would cause Executive to receive an “excess parachute payment” as defined in the Code.

In addition, if Executive’s employment hereunder and this Agreement is terminated under Section 2.2(b), any Long Term Shares or Annual Stock Options issued to Executive which have not yet vested shall immediately vest and shall no longer be subject to forfeiture by Executive.  If Executive’s employment hereunder is terminated under Section 2.2(f), any Long Term Shares or Annual Stock Options issued to Executive which have not vested shall immediately be forfeited by Executive; provided that if this Agreement is terminated under Section 2.2(f) within one year of a Change of Control, then any Long Term Shares or Annual Stock Options issued to Executive under this Agreement shall immediately vest and shall no longer be subject to forfeiture by Executive.

3.6

Cessation of Rights and Obligations: Survival of Certain Provisions.  On the date of expiration or earlier termination of the Employment Term for any reason, all of the respective rights, duties, obligations and covenants of the parties, as set forth herein, shall, except as specifically provided herein to the contrary, cease and become of no further force or effect as of the date of termination, and shall only survive as expressly provided for herein.

ARTICLE IV

CONFIDENTIALITY AND NON-COMPETE AGREEMENT

4.1

Non-Disclosure of Confidential Information.  Executive hereby acknowledges and agrees that the duties and services to be performed by Executive under this Agreement are special and unique and that as a result of her employment by the Company hereunder Executive has developed over time and will acquire, develop and use information of a special and unique nature and value that is not generally known to the public or to the Company’s industry, including but not limited to, certain records, secrets, documentation, software programs, price lists, ledgers and general information, employee records, mailing lists, shareholder lists, tenant lists and profiles, prospective customer, acquisition candidate or tenant lists, accounts receivable and payable ledgers, financial and other records of the Company or its Affiliates, information regarding its shareholders, tenants or joint venture partners, and other similar matters (all such information being hereinafter referred to as “Confidential Information”).  Executive further acknowledges and agrees that the Confidential Information is of great value to the Company and that the restrictions and agreements contained in this Agreement are reasonably necessary to protect the Confidential Information and the goodwill of the Company and the Affiliates.  Accordingly, Executive hereby agrees that:

(a)

Executive will not, during the Employment Term or at any time thereafter, directly or indirectly, except in connection with Executive’s performance of her duties under this Agreement, or as otherwise authorized in writing by the Company for the benefit of the Company or any Affiliate, divulge to any person, firm, corporation, limited liability company, partnership or organization, or any affiliated entity (hereinafter referred to as “Third Parties”), or use or cause or authorize any Third Parties to divulge or use, the Confidential Information, except as required by law; and

(b)

Upon the termination of the Employment Term and this Agreement for any reason whatsoever, Executive shall deliver or cause to be delivered to the Company any and all Confidential Information, including drawings, notebooks, keys, data and other documents and materials belonging to the Company or its Affiliates which is in her possession or under hers control relating to the Company or its Affiliates, regardless of the medium upon which it is stored, and will deliver to the Company upon termination, any other property of the Company or its Affiliates which is in her possession or under his control.

4.2

Non-Solicitation and Covenant Not to Compete.

(a)

General.  Executive acknowledges that the covenants set forth in this Section 4.2 are reasonable in scope and essential to the preservation of the business and the goodwill of the Company, and are consideration for the amounts to be paid to Executive hereunder.  Executive also acknowledges that the enforcement of the covenants set forth in this Section 4.2 will not preclude Executive from being gainfully employed in such manner and to the extent as to provide a standard of living for herself, the members of her family and the others dependent upon her of at least the level provided by this Agreement.  In addition, Executive acknowledges that the Company and its Affiliates have obtained an advantage over their competitors that is characterized by relationships with clients, principals, tenants and other contacts.

(b)

Covenants.  Executive hereby covenants and agrees that, except as permitted by the Company, during the Employment Term, and any extensions thereof, and for a period of one (1) year following the expiration, termination or extension of this Agreement, Executive shall not, directly or indirectly:  (i) alone, together or in association with others, either as a principal, agent, owner, shareholder, officer, director, partner, employee, lender, investor or in any other capacity, engage in, have any financial interest in or be in any way connected or affiliated with, or render advice or services to, any business engaged in purchasing, selling, financing, managing, leasing, brokering or providing services for retail shopping centers or any new business or lines of business which the Company may enter prior which business or businesses are conducted in the greater metropolitan area of Chicago, Illinois, other than as an employee of The Inland Group, Inc. (“TIGI”) or an affiliate of TIGI or otherwise on behalf of the Company as an employee thereof or such other business as may be permitted by the Company in writing; (ii) directly or indirectly divert, take away, solicit or interfere with or attempt to divert, take away, solicit or interfere with any present or prospective customer, except on behalf of the Company as an employee thereof; (iii) directly or indirectly solicit, induce, influence or attempt to solicit, induce or influence any employee or agent of the Company to leave his employment or engagement with the Company, or offer employment or engagement to or employ or engage any such employee of the Company, or assist or attempt to assist any such employee of the Company in seeking other employment; (iv) in any manner slander, libel or by other means take action which is or intended, or could reasonably be expected, to be detrimental to the Company or an Affiliate or their respective employees or operations; (v) knowingly make or participate in any “solicitation” of “proxies” or “consents” (as such terms are used in the proxy rules of the United States Securities and Exchange Commission) or make proposals for approval of the Company’s stockholders; (vi) knowingly form, join or participate in a “group” (within the meaning of Section 13(d)(3) of the Exchange Act) with respect to the Company’s securities; (vii) otherwise knowingly act to control or seek to control the management, board of directors or policies of the Company (except with respect to actions taken solely in Executive’s capacity as an officer of the Company in the exercise of his fiduciary duties; or (viii) make any agreement to do any of the foregoing to the extent restricted thereby.  As used in this Section 4.2, the term “Company” shall mean the Company or any Affiliate thereof.  As used in this Section 4.2(b), “customer” and “prospective customer” shall include: (i) any tenant of the Company’s properties or any other person or entity with whom the Company is negotiating for the leasing of real property from the Company or an Affiliate at the time of the termination of this Agreement or during the six month period immediately prior to such termination; (ii) any owner or prospective owner of real property the purchase or sale of which is being negotiated by the Company at the time of the termination of this Agreement or during the six month period immediately prior to such termination; or (iii) any joint venture partner of the Company.  The restrictions imposed by this subparagraph 4.2(b) shall not apply to the ownership of one percent (1%) or less of all of the outstanding securities of any entity whose securities are listed on a national securities exchange, or included for quotation on any interdealer quotation system.

4.3

Remedies.

(a)

Injunctive Relief.  Executive expressly acknowledges and agrees that the business of the Company is highly competitive and that a violation of any of the provisions of Sections 4.1 or 4.2 would cause immediate and irreparable harm, loss and damage to the Company or an Affiliate not adequately compensable by a monetary award.  Executive further acknowledges and agrees that the time periods and territorial areas provided for herein are the minimum necessary to adequately protect the business of the Company, the enjoyment of the Confidential Information and the goodwill of the Company.  Without limiting any of the other remedies available to the Company at law or in equity, or the Company’s right or ability to collect money damages, Executive agrees that any actual or threatened violation of any of the provisions of Sections 4.1 or 4.2 may be immediately restrained or enjoined by any court of competent jurisdiction, and that a temporary restraining order or emergency, preliminary or final injunction may be issued in any court of competent jurisdiction, upon twenty-four (24) hour notice and without bond.

(b)

Enforcement.  Executive expressly acknowledges and agrees that the provisions of Sections 4.1 or 4.2 shall enforced to the fullest extent permissible under the laws and public policies in each jurisdiction in which enforcement might be sought.  Accordingly, if any particular portion of Sections 4.1 or 4.2 shall ever be adjudicated as invalid or unenforceable, or if the application thereof to any party or circumstance shall be adjudicated to be prohibited by or invalidated by such laws or public policies, such section or sections shall be: (i) deemed amended to delete therefrom such portions so adjudicated; or (ii) modified as determined appropriate by such a court, such deletions or modifications to apply only with respect to the operation of such section or sections in the particular jurisdictions so adjudicating on the parties and under the circumstances as to which so adjudicated.

ARTICLE V

MISCELLANEOUS

5.1

Notices.  All notices or other communications required or permitted hereunder shall be in writing and shall be deemed given or delivered: (i) when delivered personally or by commercial messenger; (ii) one (1) business day following deposit with a recognized overnight courier service; provided such deposit occurs prior to the deadline imposed by such service for overnight delivery; (iii) when transmitted, if sent by facsimile copy, provided confirmation of receipt is received by sender and such notice is sent by an additional method provided hereunder, in each case above provided such communication is addressed to the intended recipient thereof as set forth below:

To Executive at his home address.

		
	To the Company at:

	Inland Real Estate Corporation

2901 Butterfield Road

Oak Brook, Illinois 60523

Attn: Robert D. Parks

	 
	 

	With a copy to:

	Shefsky & Froelich Ltd.

111 East Wacker Drive, Suite 2800

Chicago, Illinois  60601

Attn:  Michael J. Choate

Telephone: (312) 836-4066

Facsimile: (312) 527-5921

Any party may change its address for purposes of this paragraph by giving the other party written notice of the new address in the manner set forth above.

5.2

Entire Agreement; Amendments, Etc.  This Agreement contains the entire agreement and understanding of the parties hereto, and supersedes all prior agreements and understandings relating to the subject matter thereof.  No modification, amendment, waiver or alteration of this Agreement or any provision or term hereof shall in any event be effective unless the same shall be in writing, executed by both parties hereto, and any waiver so given shall be effective only in the specific instance and for the specific purpose for which given.

5.3

Benefit.  This Agreement shall be binding upon, and inure to the benefit of, and shall be enforceable by, the heirs, successors and legal representatives of Executive and the successors, assignees and transferees of the Company and its current or future Affiliates.  This Agreement or any right or interest hereunder may not be assigned by Executive.

5.4

No Waiver.  No failure or delay on the part of any party hereto in exercising any right, power or remedy hereunder or pursuant hereto shall operate as a waiver thereof; nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy hereunder or pursuant thereto.

5.5

Severability.  Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law but, if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement.  If any part of any covenant or other provision in this Agreement is determined by a court of law to be overly broad thereby making the covenant unenforceable, the parties hereto agree, and it is their desire, that the court shall substitute a judicially enforceable limitation in its place, and that as so modified the covenant shall be binding upon the parties as if originally set forth herein.

5.6

Compliance and Headings.  The headings in this Agreement are intended to be for convenience and reference only, and shall not define or limit the scope, extent or intent or otherwise affect the meaning of any portion hereof.

5.7

Governing Law.  The parties agree that this Agreement shall be governed by, interpreted and construed in accordance with the internal laws of the State of Illinois without regard to its conflicts of law provisions, and the parties agree that any suit, action or proceeding with respect to this Agreement shall be brought in the state courts in Chicago, Illinois or in the U.S. District Court for the Northern District of Illinois.  The parties hereto hereby accept the exclusive jurisdiction of those courts for the purpose of any such suit, action or proceeding.  Venue for any such action, in addition to any other venue permitted by statute, will be in Chicago, Illinois.

5.8

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

5.9

No Presumption Against Drafter.  Each of the parties hereto has jointly participated in the negotiation and drafting of this Agreement.  In the event an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by each of the parties hereto and no presumptions or burdens of proof shall arise favoring any party by virtue of the authorship of any provisions of this Agreement.

5.10

Enforcement.  In the event either of the parties to this Agreement shall bring an action against the other party with respect to the enforcement or breach of any provision of this Agreement, the prevailing party in such action shall recover from the non-prevailing party the costs incurred by the prevailing party with respect to such action including court costs and reasonable attorneys’ fees.

5.11

Recitals.  The Recitals set forth above are hereby incorporated in and made a part of this Agreement by this reference.

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IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed and delivered as of the day and year first above written.

INLAND REAL ESTATE CORPORATION,

a Maryland corporation

By: /s/ Robert D. Parks

Name:  Robert D. Parks

Its:  President and CEO

EXECUTIVE

By: /s/Beth Sprecher Brooks

Name:  Beth Sprecher Brooks

1001931_3

EXHIBIT A

(FORMULA FOR DETERMINING ANNUAL INCENTIVE BONUS)

I.

The Executive’s Annual Incentive Bonus Opportunity (“AIBO”) shall be determined based on performance of the Company, measured to either a Threshold, Target, or High level of performance.

·

The Company will have achieved a Threshold level of performance if the Company’s annual growth in FFO per fully-diluted share for the completed fiscal year immediately preceding the year in which the AIBO is calculated, when compared to FFO per fully-diluted share for the next preceding completed fiscal year, is not less than 80% of the median FFO growth rate for the applicable year as published by NAREIT for the Retail REIT Shopping Center subsector of the NAREIT Equity REIT Total Return Index (or, if not then in existence, a comparable retail REIT shopping center index mutually agreeable to the Company and Executive).

·

The Company will have achieved a Target level of performance if the Company’s annual growth in FFO per fully-diluted share for the completed fiscal year immediately preceding the year in which the AIBO is calculated, when compared to FFO per fully-diluted share for the next preceding completed fiscal year, is not less than 100% of the median FFO growth rate for the applicable year as published by NAREIT for the Retail REIT Shopping Center subsector of the NAREIT Equity REIT Total Return Index (or, if not then in existence, a comparable retail REIT shopping center index mutually agreeable to the Company and Executive).

·

The Company will have achieved a High level of performance if the Company’s annual growth in FFO per fully-diluted share for the completed fiscal year immediately preceding the year in which the AIBO is calculated, when compared to FFO per fully-diluted share for the next preceding completed fiscal year, is not less than 130% of the median FFO growth rate for the applicable year as published by NAREIT for the Retail REIT Shopping Center subsector of the NAREIT Equity REIT Total Return Index (or, if not then in existence, a comparable retail REIT shopping center index mutually agreeable to the Company and Executive).

For purposes of calculating AIBO, “FFO” shall have the same meaning ascribed to that term in the Company’s annual report on Form 10-K as filed with the SEC for the year in which the bonus is to be calculated.

Subject to Section II. below, if the Company achieves a Threshold level of performance, the Executive’s AIBO will be equal to 10% of Executive’s Base Salary for the applicable year.  If the Company achieves a Target level of performance, the Executive’s AIBO will be equal to 20% of Executive’s Base Salary for the applicable year.  If the Company achieves a High level of performance, the Executive’s AIBO will be equal to 30% of Executive’s Base Salary for the applicable year.

II.

The Executive’s Annual Incentive Bonus for the applicable year shall be determined by adding three (3) components:

A.

The first component shall be equal to 50% of the Executive’s AIBO.

B.

The second component shall be determined by the Company’s chief executive officer, as recommended to and approved by the board of directors’ compensation committee, based on a subjective assessment of the Executive’s performance, and may be up to but not in excess of 25% of the Executive’s AIBO.

C.

The third component shall be dependent upon the Executive achieving a personal goal with respect to his individual performance, as agreed by the Executive and the Company’s chief executive officer at the beginning of the applicable year, and may be up to but not in excess of 25% of the Executive’s AIBO.

III.

Notwithstanding anything to the contrary in this Exhibit A, in the event that the Company fails to achieve a Threshold level of performance in any given year, the Executive’s Annual Incentive Bonus shall be equal to 5% of the Executive’s Base Salary for the applicable year.  The amount of any Annual Incentive Bonus determined pursuant to this Section III. shall be non-discretionary on the part of the Company, and shall be paid to the Executive in accordance with the provisions of Section 3.1(b) of the Agreement.

EXHIBIT B

(FORMULA FOR DETERMINING ANNUAL AWARD OF LONG TERM SHARES)

I.

The Executive’s Annual Award of Long Term Shares (“LTS”) shall be determined based on performance of the Company, measured to either a Threshold, Target, or High level of performance.

·

The Company will have achieved a Threshold level of performance if the Company’s annual growth in FFO per fully-diluted share for the completed fiscal year immediately preceding the year in which the grant of Long Term Shares is calculated, when compared to FFO per fully-diluted share for the next preceding completed fiscal year, is not less than 80% of the median FFO growth rate for the applicable year as published by NAREIT for the Retail REIT Shopping Center subsector of the NAREIT Equity REIT Total Return Index (or, if not then in existence, a comparable retail REIT shopping center index mutually agreeable to the Company and Executive).

·

The Company will have achieved a Target level of performance if the Company’s annual growth in FFO per fully-diluted share for the completed fiscal year immediately preceding the year in which the grant of Long Term Shares is calculated, when compared to FFO per fully-diluted share for the next preceding completed fiscal year, is not less than 100% of the median FFO growth rate for the applicable year as published by NAREIT for the Retail REIT Shopping Center subsector of the NAREIT Equity REIT Total Return Index (or, if not then in existence, a comparable retail REIT shopping center index mutually agreeable to the Company and Executive).

·

The Company will have achieved a High level of performance if the Company’s annual growth in FFO per fully-diluted share for the completed fiscal year immediately preceding the year in which the grant of Long Term Shares is calculated, when compared to FFO per fully-diluted share for the next preceding completed fiscal year, is not less than 130% of the median FFO growth rate for the applicable year as published by NAREIT for the Retail REIT Shopping Center subsector of the NAREIT Equity REIT Total Return Index (or, if not then in existence, a comparable retail REIT shopping center index mutually agreeable to the Company and Executive).

For purposes of calculating the LTS grant, “FFO” shall have the same meaning ascribed to that term in the Company’s annual report on Form 10-K as filed with the SEC for the year in which the bonus is to be calculated.

Subject to Section II. below, if the Company achieves a Threshold level of performance, the Executive’s LTS grant will be the number of shares equal to the quotient of (1) 10% of the Executive’s Base Salary for the applicable year, divided by (2) the average of the high and low trading price as reported by the New York Stock Exchange on the date of grant.  If the Company achieves a Target level of performance, the Executive’s LTS grant will be the number of shares equal to the quotient of (1) 20% of the Executive’s Base Salary for the applicable year, divided by (2) the average of the high and low trading price as reported by the New York Stock Exchange on the date of grant.  If the Company achieves a High level of performance, the Executive’s LTS grant will be the number of shares equal to the quotient of (1) 30% of the Executive’s Base Salary for the applicable year, divided by (2) the average of the high and low trading price as reported by the New York Stock Exchange on the date of grant.

II.

The Executive’s Annual Award of Long Term Shares for the applicable year shall be determined by adding three components:

A.

The first component shall be equal to 50% of the Executive’s LTS grant hereunder.

B.

The second component shall be determined by the Company’s chief executive officer, as recommended to and approved by the board of director’s compensation committee, based on a subjective assessment of the Executive’s performance, and may be up to but not in excess of 25% of the Executive’s LTS grant.

C.

The third component shall be dependent upon the Executive achieving a personal goal with respect to his individual performance, as agreed by the Executive and the Company’s chief executive officer, and may be up to but not in excess of 25% of the Executive’s LTS grant.

III.

Notwithstanding anything to the contrary in this Exhibit B, in the event that the Company fails to achieve a Threshold level of performance in a given year, the Executive’s Annual Award of Long Term Shares shall be equal to the quotient of (1) 5% of the Executive’s Base Salary for the applicable year, divided by (2) the average of the high and low trading price as reported by the New York Stock Exchange on the date of grant.  Any Annual Award of Long Term Shares determined pursuant to this Section III. shall be non-discretionary on the part of the Company, and shall be awarded to the Executive in accordance with the provisions of Section 3.1(c) of the Agreement.

EXHIBIT C

(FORMULA FOR DETERMINING ANNUAL STOCK OPTION AWARD)

I.

The Executive will be awarded an Annual Stock Option Award only if the Company shall have achieved a Threshold level of performance in the completed fiscal year immediately preceding the award.  For these purposes, the Company will have achieved a Threshold level of performance if the Company’s annual growth in FFO per fully-diluted share for the completed fiscal year immediately preceding the year in which the award of Annual Stock Options is calculated, when compared to FFO per fully-diluted share for the next preceding completed fiscal year, is not less than 80% of the median FFO growth rate for the applicable year as published by NAREIT for the Retail REIT Shopping Center subsector of the NAREIT Equity REIT Total Return Index (or, if not then in existence, a comparable retail REIT shopping center index mutually agreeable to the Company and Executive).

II.

If the Company achieves a Threshold level of performance, the Executive’s Annual Stock Option Award will authorize the Executive to purchase the number of shares equal to the quotient of (1) 5% of the Executive’s Base Salary for the applicable year, divided by (2) the closing price per share on the day immediately preceding the date of grant (or, if not a trading day, on the next preceding trading day during which a sale occurred), in each case as reported by the New York Stock Exchange.  The strike price for each share underlying each Annual Stock Option Award will be equal to the closing price per share on the day immediately preceding the date of grant (or, if not a trading day, on the next preceding trading day during which a sale occurred), in each case as reported by the New York Stock Exchange.  

1001931_3Exhibit 10.1

 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

                        THIS AGREEMENT, made and entered into as of February 5, 2007 (the “Effective Date”), by and between KEITH GRABEL (the “Executive”) and WESTWOOD COMPUTER CORPORATION (the
“Company”). 

WITNESSETH THAT: 

                        WHEREAS, the Company and the Executive previously entered into an Employment Agreement dated April 16, 2004 (the “Original Agreement”); and 

                        WHEREAS, the Company and the Executive have agreed to execute a subordinated promissory note (the “Note”) in the form of
Exhibit A hereto pursuant to which the Company has agreed to pay the Executive, in accordance with the terms of the Note, certain amounts owed under the terms of the Original Agreement; and

                        WHEREAS, the Company and the Executive now wish to revise the terms and conditions of the Executive’s employment. 

                        NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, it is hereby covenanted and agreed by the Executive and the Company as follows: 

          1.           Performance of Services. The Executive’s employment with the Company shall be subject to the following: 

	          	
(a)          	
During the Agreement Term (as defined below), and subject to the terms of this Agreement, the Executive shall be employed by the Company and shall occupy the position of President – Sales and Marketing of the Company. The
Executive agrees to serve in that position or in such other offices or positions with the Company or a Subsidiary (as defined below), as shall, from time to time, be determined by the Board of Directors of the Company (the “Board”).  
	 
	 	
(b)	
During the Agreement Term, while employed by the Company, the Executive shall devote his full time, energies and talents to serving as its President or such other position determined in accordance with Paragraph (a) above. During
the Agreement Term, the Executive’s main office shall be at 11 Diamond Road, Springfield, NJ 07081.  
	 
	 	
(c)	
The Executive agrees to perform his duties hereunder faithfully and efficiently subject to the directions of the Board. The Executive’s duties may include providing services for the Company, Parent and the Subsidiaries, as
determined by the Board, provided, that the Executive shall not, without his consent, be assigned tasks that would be inconsistent with those of President or such other position determined in accordance with Paragraph (a) above.  
	 

	          	
(d)          	
Notwithstanding the foregoing provisions of this Paragraph 1, during the Agreement Term, the Executive may devote reasonable time to activities other than those required under this Agreement, including activities involving
professional, charitable, community, educational, religious and similar types of organizations, speaking engagements, membership on the boards of directors of other organizations, and similar types of activities, to the extent that such other
activities do not, in the judgment of the Board, conflict with, inhibit or prohibit the performance of the Executive’s duties under this Agreement, or conflict in any material way with the business of the Company, Parent or any Subsidiary;
provided, however, that the Executive shall not serve on the board of any business, or hold any other position with any business, without the consent of the Board. The Company acknowledges that Executive is a Manager and Member of Westwood Property
Holdings LLC, the Company’s current landlord, and the Executive shall be entitled to devote reasonable time to the activities of Westwood Property Holdings LLC as may be needed; provided, however, that such devotion of time shall not hinder or
interfere with the Executive’s duties to the Company.  
	 
	 	
(e)	
Subject to the terms of this Agreement, the Executive shall not be required to perform services under this Agreement during any period that the Executive is Disabled. The Executive shall be considered “Disabled” or under a “Disability” during any period in which a physical or mental disability renders the Executive incapable, after
reasonable accommodation, of performing the duties under this Agreement. In the event of a dispute as to whether the Executive is Disabled, the Company may refer the same to a licensed practicing physician of the Company’s choice, and the
Executive agrees to submit to such tests and examinations as such physician shall deem appropriate. At any time during the period in which the Executive is Disabled, the Company may appoint a temporary replacement to assume the Executive’s
responsibilities.  
	 
	 	
(f)	
The Company shall employ the Executive for the period beginning on February 5, 2007 and ending on April 15, 2009 (the “Initial Term”); subject, however, to
earlier termination as provided herein. The Executive’s employment hereunder automatically shall be extended for one (1) additional year at the end of the Initial Term, and again each successive year thereafter. However, such annual extensions
may cease by either party delivering written notice of such cessation to the other party; provided that such notice is delivered at least 60 days prior to the date on which extension is otherwise to occur. The period during which the Executive is
employed pursuant to this Agreement shall be referred to as the “Agreement Term.”  
	 
	 	
(g)	
For purposes of this Agreement, (i) the term “Parent” shall mean Emtec, Inc., a Delaware corporation, and (ii) the term “Subsidiary” shall mean any corporation, partnership, joint venture or other entity during any period in which at least a fifty  
	 

2

                        percent interest in such entity is owned, directly or indirectly, by Parent (or a successor to Parent). 

          2.           Compensation. Subject to the terms of this Agreement, during the Agreement Term, while the Executive is employed by the Company, the
Company shall compensate the Executive for his services as follows: 

	          	
(a)          	
The Executive shall receive an annual base salary, payable in regular installments in accordance with the Company’s usual payroll practices, as set forth on Schedule 2(a) (the “Salary”). The Executive’s Salary rate shall be reviewed by the Board each year during the Agreement Term, while the Executive is employed by the Company, to
determine whether an increase in the amount of Salary is appropriate. Any increase in the amount of Salary shall be in the sole discretion of the Board. In no event shall the Salary of the Executive be reduced to an amount that is less than the
amount specified in this Paragraph (a), or to an amount that is less than the amount that the Executive was previously receiving during the Agreement Term. In the event the Amended and Restated Employment Agreement dated February 5, 2007 by and
between the Company and Mary Margaret Grabel (the “M. Grabel Employment Agreement”) is terminated, the Executive’s Salary beginning the first day of the month after such
termination shall be as set forth on Schedule 2(a)(1) and shall be paid to the Executive on a pro rata basis for the number of months remaining in the year of such termination.  
	 
	 	
(b)	
Intentionally deleted.  
	 
	 	
(c)	
Except as otherwise specifically provided to the contrary in this Agreement, the Executive shall be provided with the welfare benefits and other fringe benefits to the same extent and on the same terms and in any event no less
than those benefits that are currently provided by the Company to the Executive. The current benefits of the Executive are set forth on Schedule 2(c). However, the Company shall not be
required to provide a benefit under this Paragraph (c) if such benefit would duplicate (or otherwise be of the same type as) a benefit specifically required to be provided under another provision of this Agreement. The Executive shall complete all
forms and physical examinations, and otherwise take all other similar actions to secure coverage and benefits described in this Paragraph 2, to the extent determined to be necessary or appropriate by the Company.  
	 
	 	
(d)	
During any period while the Executive is Disabled and is otherwise entitled to receive Salary and any bonus payments under this Agreement any such Salary to the Executive shall be reduced by the amount of any benefits paid for the
same period of time under the Company-provided disability income replacement coverage.  
	 

3

All payments and benefits to the Executive under this Agreement shall be subject to reduction for payroll and other applicable taxes. 

	          	
(e)          	
During the first year of the Agreement Term, the Executive, together with Mary Margaret Grabel, shall be entitled to receive reimbursement from the Company for the joint reasonable expenses incurred by the Executive and Mary
Margaret Grabel in providing the services hereunder and under the M. Grabel Employment Agreement (including travel) (the “Expenses”) up to $75,000 per year combined without any
approval on the part of the Parent (the “Approved Expenses”); provided, that such amount shall be reduced pro rata based on the number of months remaining in the first year of the
Agreement Term. Any Expenses in excess of the Approved Expenses must be approved in writing by the Parent, such approval not to be unreasonably withheld. The amount of Approved Expenses reimbursed by the Company for any years subsequent to the first
year of the Agreement Term may be adjusted upward as agreed upon in writing by the Executive and the Parent, but in no event shall such amount be less than $75,000.  

          3.           Termination. The Executive’s employment with the Company during the Agreement Term may be terminated by the Company or the Executive
without any breach of this Agreement only under the circumstances described in Paragraphs 3(a) through 3(f): 

	          	
(a)          	
Death. The Executive’s employment hereunder will terminate upon death, but bonus payments, if any, will inure to the benefit of his heirs and assigns for the full Agreement Term.  
	 
	 	
(b)	
Disability. During the Agreement Term, the Company may terminate the Executive’s employment if Executive is Disabled for longer than twelve (12) consecutive months.  
	 
	 	
(c)	
Cause. The Company may terminate the Executive’s employment hereunder at any time for Cause. For purposes of this Agreement, the term “Cause” shall mean:  
	 
	 	 	
(i)	
a willful act by the Executive against the interests of the Company or which causes or is intended to cause harm to the Company or its shareholders;  
	 
	 	 	
(ii)          	
the Executive’s conviction, or plea of no contest or guilty, to a felony under the laws of the United States or any state thereof or of a lesser offense involving dishonesty as such dishonesty relates to the Company’s
assets or business or the theft of Company property;  
	 
	 	 	
(iii)	
the Executive’s insobriety or use of illegal drugs, chemicals or controlled substances either (A) in the course of performing Executive’s duties and  
	 

4

	 	 	
responsibilities under this Agreement, or (B) otherwise affecting the ability of Executive to perform the same; or  
	 
	                         	
(iv)          	
a material breach of the Agreement by the Executive which is not cured by the Executive within twenty (20) days (where the breach is curable) following written notice to the Executive by the Company of the nature of the
breach.  

                        For purposes of this Agreement, no act, or failure to act, on the Executive’s part shall be deemed “willful” unless done, or omitted to be done, by the Executive not in good faith and
without reasonable belief that the Executive’s action or omission was in the best interest of the Company. Cause shall not exist under this Section 3 unless and until the Company has delivered to the Executive a copy of a resolution duly
adopted by a majority of the Board (absent the Executive) at a meeting of the Board called and held for such purpose, or by written consent, finding that such Cause exists in the good faith opinion of the Board. This Section 3 shall not prevent the
Executive from challenging in any arbitration proceeding the Board’s determination that Cause exists or that the Executive has failed to cure any act (or failure to act), to the extent permitted by this Agreement that purportedly formed the
basis for the Board’s determination. The Company must provide written notice to the Executive that it is intending to terminate the Executive’s employment for Cause within one hundred and twenty (120) days after the Board has actual
knowledge of the occurrence of the event it believes constitutes Cause. 

	          	
(d)          	
Termination for Good Reason. The Executive may terminate his employment hereunder for Good Reason at any time during the Agreement Term. For purposes of the Agreement, “Good Reason” shall mean:  
	 
	 	 	
(i)	
a material breach of the terms of this Agreement by the Company;  
	 
	 	 	
(ii)          	
the Company requiring the Executive to move his primary place of employment more than thirty-five (35) miles from the then current place of employment;  
	 
	 	 	
(iii)	
a material diminution of the Executive’s responsibilities or any material reduction in the general nature of the Executive’s duties or authority to a level inconsistent with President, unless previously agreed to in
writing by the Executive;  
	 
	 	 	
(iv)	
the failure of the Executive to be elected to the Boards of Directors of the Company and the Parent (provided, that it shall not be deemed to be a termination for Good Reason if Executive elects not to seek reelection to the Board
of Directors of the Company or Parent); or  
	 
	 	 	
(v)	
a Change of Control of the Company or the Parent;  
	 

5

                          provided that any of the foregoing is not cured by the Company within twenty (20) days following receipt of written notice by the Executive to the Company of the specific nature of the breach. No termination for Good Reason
shall be permitted unless the Company shall have first received written notice from the Executive describing the basis of such termination for Good Reason. A termination of the Executive’s employment for Good Reason pursuant to this Section
shall be treated for purposes of this Agreement as a termination by the Company without Cause and the provisions of this Section relating to the payment of compensation and benefits shall apply. The term “Change of Control” means (i) the
acquisition by any person or group, or two or more such persons acting in concert, of beneficial ownership of more than 51% of the outstanding common stock of the Company or the Parent [(excluding the common stock of the Company or Parent owned by
the Executive, Mary Margaret Grabel or their assigns)]; or (ii) the sale of all or substantially all of the assets of the Company or the Parent. The term Change of Control will expressly include, without limitation, any such acquisition or sale that
is structured as a merger, consolidation, joint venture, tender offer, exchange offer, equity investment in the Company or the Parent. 

                        The Executive’s right to terminate employment pursuant to this Paragraph (d) shall not be affected by incapacity due to physical or mental illness.

	          	
(e)          	
Voluntary Termination by Executive. The Executive shall provide the Company thirty (30) days’ advance written notice in the event the Executive terminates his employment, other than for Good
Reason (as defined herein); provided that the Board may, in its sole discretion, terminate the Executive’s employment with the Company prior to the expiration of the thirty-day notice
period. In such event and upon the expiration of such thirty day period (or such shorter time as the Board in its sole discretion may determine), the Executive’s employment under this Agreement shall immediately and automatically
terminate.  
	 
	 	
(f)	
Termination by Company. The Company may terminate the Executive’s employment hereunder at any time for any reason, by giving the Executive prior written Notice of Termination, which Notice of
Termination shall be effective immediately, or such later time as is specified in such notice; provided, however that as a condition to the Company’s ability to terminate the Executive’s employment under this Paragraph 3(f): (i) all
amounts due and owning under this Agreement, including all salary payments shall have been paid in full; (ii) all amounts due and owing under the Subordinated Note in the amount of $750,000 made by Westwood Acquisition Corporation in favor of
Four Kings Management LLC shall have been paid in full; (iii) all amounts due and owing under the 8% Junior Subordinated Note and the 5% Junior Subordinated Note made by the Company in the favor of the Executive shall have been paid in full and (iv)
all amounts due and owing under the Note shall have been paid in full. The Company shall not be required to specify a reason for the termination under this Paragraph 3(f), provided that termination of the Executive’s employment by the Company
shall be deemed to have occurred under this Paragraph 3(f) only if it is  
	 

6

	 	 	
not for reasons described in Paragraph 3(b), 3(c), 3(d), or 3(e). Notwithstanding the foregoing provisions of this Paragraph (f), if the Executive’s employment is terminated by the Company in accordance with this Paragraph
(f), and within a reasonable time period thereafter, it is determined by the Board that circumstances existed which would have constituted a basis for termination of the Executive’s employment for Cause in accordance with Paragraph 3(c), the
Executive’s employment will be deemed to have been terminated for Cause in accordance with Paragraph 3(c) (provided, however, that termination for Cause shall not be determined to exist under this sentence solely by reason of circumstances
which could have been remedied if notice had been given in accordance with Paragraph 3(c)).  
	 
	          	
(g)          	
Notice of Termination. Any termination of the Executive’s employment by the Company or the Executive (other than a termination pursuant to Paragraphs 3(a) or (b)) must be communicated by a
written Notice of Termination to the other party hereto. For purposes of this Agreement, a “Notice of Termination” means a dated notice which indicates the Date of Termination (not
earlier than the date on which the notice is provided), and which indicates the specific termination provision in this Agreement relied on and which sets forth in reasonable detail the facts and circumstances, if any, claimed to provide a basis for
termination of the Executive’s employment under the provision so indicated.  
	 
	 	
(h)	
Date of Termination. “Date of Termination” means the last day the Executive is employed by the Company, provided that the
Executive’s employment is terminated in accordance with the foregoing provisions of this Paragraph 3.  
	 
	 	
(i)	
Effect of Termination. If, on the Date of Termination, the Executive is a member of the Board of the Company or a member of the Board of Directors or Board of Members of Parent or any of the
Subsidiaries, or holds any other position with the Company, Parent and the Subsidiaries, the Executive shall resign from all such positions as of the Date of Termination.  

          4.           Rights Upon Termination. The Executive’s right to payment and benefits under this Agreement for periods after the Date of Termination
shall be determined in accordance with the following provisions of this Paragraph 4: 

	          	
(a)          	
If the Executive’s Date of Termination occurs during the Agreement Term for any reason, other than for a Company termination under Section 3(f), the Company shall pay to the Executive (subject to the limitations in subsection
(c) below):  
	 
	 	 	
(i)	
The Executive’s Salary for the period ending on the Executive’s Date of Termination.  
	 
	 	 	
(ii)          	
A pro rata portion of the amount as set forth on Schedule 4(a)(ii) for the year of the Executive’s Date of Termination based on the number of  
	 

7

	 	 	
remaining months in such year and the amount set forth on Schedule 4(a)(ii) for each subsequent year payable in equal quarterly installments during each subsequent
year.  
	 
	                         	
(iii)	
Payment for accrued vacation days, as determined in accordance with Company policy as in effect from time to time.  
	 
	 	
(iv)	
Payments as proscribed by the Note in accordance with the terms of the Note.  
	 
	 	
(v)         	
Any other payments or benefits to be provided to the Executive by the Company pursuant to any employee benefit plans or arrangements adopted by the Company, to the extent such amounts are due from the Company.  

                         Except as may otherwise be expressly provided to the contrary in this Agreement, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Company for
purposes of any employee benefit plan or arrangement following the date of the Executive’s Date of Termination. 

	          	
(b)          	
If the Executive’s Date of Termination occurs during the Agreement Term under circumstances described in any subsection of Paragraph 3 (other than as set forth in subsection (c) below) then the Executive or his estate will
receive all payments in accordance with Paragraph 4(a).  
	 
	 	
(c)	
Notwithstanding anything herein to the contrary, if the Executive voluntarily terminates as a result of a resignation pursuant to Paragraph 3(e), the Executive shall be limited to receiving only that Salary that is earned and
unpaid for the period ending on the Date of Termination and shall, as of the Date of Termination, forfeit any right to receive payments under the Note, if any, regardless of whether any such Note payments have accrued but were not yet
paid.  
	 
	 	
(d)	
If the Executive is terminated by the Company pursuant to Section 3(f), the Executive shall be entitled to:  
	 
	 	 	
(i)	
The Executive’s Salary for the period ending on the Executive’s Date of Termination.  
	 
	 	 	
(ii)          	
The Executive’s salary, as set forth on Schedule 2(a), for the balance of the Agreement Term, payable immediately upon termination.  
	 
	 	 	
(iii)	
Payment for accrued vacation days, as determined in accordance with Company policy as in effect from time to time.  
	 

8

	                        	
(iv)	
Any other payments or benefits to be provided to the Executive by the Company pursuant to any employee benefit plans or arrangements adopted by the Company, to the extent such amounts are due from the Company.  
	 
	 	
(v)          	
All amounts due and owing under the Note.  
	 
	 	
(vi)	
All amounts due and owing under the Subordinated Note in the amount of $750,000 made by Westwood Acquisition Corporation in favor of Four Kings Management LLC.  
	 
	 	
(vii)	
All amounts due and owing under the 8% Junior Subordinated Note and the 5% Junior Subordinated Note made by the Company in the favor of the Executive.  

          5.           Duties on Termination. Subject to the terms and conditions of this Agreement, during the period beginning on the date of delivery of a
Notice of Termination, and ending on the Date of Termination, the Executive shall continue to perform his duties as set forth in this Agreement, and shall also perform such services for the Company as are necessary and appropriate for a smooth
transition to the Executive’s successor, if any. Notwithstanding the foregoing provisions of this Paragraph 5, the Company may suspend the Executive from performing his duties under this Agreement following the delivery of a Notice of
Termination providing for the Executive’s resignation, or delivery by the Company of a Notice of Termination providing for the Executive’s termination of employment for any reason; provided, however, that during the period of suspension
(which shall end on the Date of Termination), the Executive shall continue to be treated as employed by the Company for other purposes, and his rights to compensation or benefits shall not be reduced by reason of the suspension. 

          6.           Mitigation and Set-Off. The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by
seeking other employment or otherwise. The Company shall be entitled to set off against amounts payable to the Executive any amounts owed to the Company by the Executive, but the Company shall not be entitled to set off against the amounts payable
to the Executive under this Agreement any amounts earned by the Executive in other employment after termination of employment with the Company, or any amounts which might have been earned by the Executive in other employment had such other
employment been sought. 

          7.           Noncompetition.

	          	
(a)          	
While the Executive is employed by the Company, and for the later of (i) a period of two (2) years after the Executive terminates by resigning pursuant to Section 3(e), (ii) a period of one (1) year after the Company terminates
the Executive pursuant to Section 3(f), or (iii) a period of three (3) years after the Effective Date:  
	 

9

	 	 	
(i)	
The Executive shall not, without the express written consent of the Board, be employed by, serve as a consultant to, or otherwise assist or directly or indirectly provide services to a Competitor (defined below) if: (A) such
services are to be provided with respect to any location in which the Parent, the Company or a Subsidiary did business during the twelve (12) month period prior to the Date of Termination, or with respect to any location in which the Parent, the
Company or a Subsidiary had devoted material resources to doing business during the twelve (12) month period prior to the Date of Termination; or (B) the trade secrets, confidential information, or proprietary information (including, without
limitation, confidential or proprietary methods) of the Parent, the Company and the Subsidiaries to which the Executive had access could reasonably be expected to benefit the Competitor if the Competitor were to obtain access to such secrets or
information.  
	 
	 	 	
(ii)          	
The Executive shall not, without the express written consent of the Board, directly or indirectly own an equity interest in any Competitor (other than ownership of 5% or less of the outstanding stock of any corporation listed on a
national stock exchange or included in the NASDAQ System).  
	 
	          	
(b)          	
While the Executive is employed by the Company, and for the later of (i) a period of three (3) years after termination of the Executive’s employment with the Company for any reason or (ii) a period of one (1) year after the
Company terminates the Executive pursuant to Section 3(f):  
	 
	 	 	
(i)	
The Executive shall not, without the express written consent of the Board, solicit or attempt to solicit any party who is then or, during the twelve (12) month period prior to such solicitation or attempt by the Executive was (or
was solicited to become), a customer or supplier of the Parent, the Company or a Subsidiary, or a user of the services provided by the Parent, the Company or a Subsidiary, provided that the restriction in this Paragraph (ii) shall not apply to any
activity on behalf of a business that is not a Competitor.  
	 
	 	 	
(ii)	
The Executive shall not, without the express written consent of the Board, solicit, entice, persuade, induce or hire any individual who is employed by the Parent, the Company or any Subsidiary (or was so employed within 90 days
prior to the Executive’s action) to terminate or refrain from renewing or extending such employment or to become employed by or enter into contractual relations with any other individual or entity other than the Parent, the Company or any
Subsidiary, and the Executive shall not approach any such employee for any such purpose or authorize or knowingly cooperate with the taking of any such actions by any other individual or entity.  

10

	          	
(c)          	
The term “Competitor” means any enterprise (including a person, entity, firm or business, whether or not incorporated) during any period in which it is
materially competitive in any way with any business in which the Parent, the Company or any of the Subsidiaries was engaged during the twelve (12) month period prior to the Executive’s Date of Termination.  
	 
	 	
(d)	
Notwithstanding anything in this Section 7 to the contrary, if this Agreement is terminated by either party delivering notice of cessation in accordance with Section 1(f) at the end of the initial five year term or any successive
term, the Executive’s obligations under paragraphs (a) and (b) of this Section 7 shall continue for one year after the end of such term.  

                        Nothing in this Paragraph 7, Paragraph 8, or Paragraph 9 shall be construed as limiting the Executive’s duty of loyalty to the Company, or any other duty otherwise owed to the Company, while the
Executive is employed by the Company. 

          8.           Non-Disparagement. The Executive and the Company agree that each will not make any false, defamatory or disparaging statements about the
other, the Parent, the Subsidiaries, or the officers or directors of the Parent, the Company or the Subsidiaries that are reasonably likely to cause material damage to the Executive, the Parent, the Company, the Subsidiaries, or the officers or
directors of the Parent, the Company or the Subsidiaries.

          9.           Confidential Information. The Executive agrees that, during the Agreement Term, and at all times thereafter: 

	          	
(a)          	
The Executive agrees to keep secret all Confidential Information and Intellectual Property which may be obtained during the period of employment by the Company and that the Executive shall not reveal or disclose it, directly or
indirectly, except with the Company’s prior written consent. The Executive shall not make use of the Confidential Information or Intellectual Property for the Executive’s own purposes or for the benefit of anyone other than the Company or
Parent and shall protect it against disclosure, misuse, espionage, loss and theft.  
	 
	 	
(b)	
The Executive acknowledges and agrees that all Intellectual Property is and shall be owned by the Company, Parent or the Subsidiaries, as applicable. The Executive hereby assigns and shall assign to all ownership rights possessed
in any Intellectual Property contributed, conceived or made by the Executive (whether alone or jointly with others) while employed by the Company, whether or not during work hours. The Executive shall promptly and fully disclose to the Company in
writing all such Intellectual Property after such contribution, conception or other development. The Executive agrees to fully cooperate with the Company, at the Company’s expense, in securing, enforcing and otherwise protecting throughout the
world the Company’s interests in such Intellectual Property, including, without limitation, by signing all documents reasonably requested by the Company.  
	 

11

	          	
(c)          	
Immediately following the Date of Termination, the Executive agrees to promptly deliver to the Company all memoranda, notes, manuals, lab notebooks, computer diskettes, passwords, encryption keys, electronic mail and other written
or electronic records (and all copies thereof) constituting or relating to Confidential Information or Intellectual Property that the Executive may then possess or have control over. If the Company requests, the Executive shall provide written
certification that all such materials have been returned .  
	 
	 	
(d)	
For purposes of this Agreement, the following terms shall be defined as set forth below:  
	 
	 	 	
(i)	
“Employer Confidential Information” shall mean all information, in any form or medium, that relates to the business, marketing, costs, prices, products,
processes, services, methods, computer programs and systems, personnel, customers, research or development of the Company and all other information related to the Company, Parent and the Subsidiaries which is not readily available to the
public.  
	 
	 	 	
(ii)          	
“Confidential Information” shall mean all information, in any form or medium, that relates to the business, marketing, costs, prices, products, processes,
services, methods, computer programs and systems, personnel, customers, research or development of the Company, Parent and the Subsidiaries and all other information related to the Company, Parent and the Subsidiaries which is not readily available
to the public.  
	 
	 	 	
(iii)	
“Intellectual Property” shall mean, with respect to the following which are created or existing during the period of the Executive’s employment by the
Company, any: (A) idea, know-how, invention, discovery, design, development, software, device, technique, method or process (whether or not patentable or reduced to practice or including Confidential Information) and related patents and patent
applications and reissues, re-examinations, renewals, continuations-in-part, continuations, and divisions thereof; (B) copyrightable and mask work (whether or not including Confidential Information) and related registrations and applications for
registration; (C) trademarks, trade secrets and other proprietary rights; and (D) improvements, updates and modifications of the foregoing made from time to time.  

          10.         Assistance with Claims. The Executive agrees that, during the Agreement Term, and continuing for a reasonable period after the
Executive’s Date of Termination, the Executive will assist the Parent, the Company and the Subsidiaries in defense of any claims that may be made against the Parent, the Company and the Subsidiaries, and will assist the Parent, the Company and
the Subsidiaries in the prosecution of any claims that may be made by the Parent, the Company or the Subsidiaries, to the extent that such claims may relate to services performed by the Executive for the Parent, the Company and the Subsidiaries. The
Executive agrees to 

12

promptly inform the Company upon becoming aware of any lawsuits involving such claims that may be filed against the Parent, the Company or any Subsidiary. The Company agrees to provide legal counsel to the Executive in connection
with such assistance (to the extent legally permitted), and to reimburse the Executive for all of the Executive’s reasonable out-of-pocket expenses associated with such assistance, including travel expenses. For periods after the
Executive’s employment with the Company terminates, the Company agrees to provide reasonable compensation to the Executive for such assistance. The Executive also agrees to promptly inform the Company upon being asked to assist in any
investigation of the Parent, the Company or the Subsidiaries (or their actions) that may relate to services performed by the Executive for the Parent, the Company or the Subsidiaries, regardless of whether a lawsuit has then been filed against the
Parent, the Company or the Subsidiaries with respect to such investigation. 

          11.         Equitable Remedies. The Executive acknowledges that the Company would be irreparably injured by a violation of Paragraph 7, Paragraph 8
or Paragraph 9, and therefore, agrees that the Company, in addition to any other remedies available to it for such breach or threatened breach, shall be entitled to a preliminary injunction, temporary restraining order, or other equivalent relief,
restraining the Executive from any actual or threatened breach of Paragraph 7, Paragraph 8, or Paragraph 9. The Company acknowledges that the Executive would be irreparably injured by a violation of Paragraph 8, and the Company agrees that the
Executive, in addition to any other remedies available to the Executive for such breach or threatened breach, shall be entitled to a preliminary injunction, temporary restraining order, or other equivalent relief, restraining the Company from any
actual or threatened breach of Paragraph 8. If a bond is required to be posted in order for the Company to secure an injunction or other equitable remedy, the parties agree that said bond need not be more than a nominal sum. 

          12.         Nonalienation. The interests of the Executive under this Agreement are not subject in any manner to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of the Executive or the Executive’s beneficiary. 

          13.         Amendment. This Agreement may be amended or cancelled only by mutual agreement of the parties in writing. So long as the Executive lives,
no person, other than the parties hereto, shall have any rights under or interest in this Agreement or the subject matter hereof. 

          14.         Applicable Law. The provisions of this Agreement shall be construed in accordance with the laws of the State of New Jersey, without
regard to the conflict of law provisions of any state.

          15.         Severability. The invalidity or unenforceability of any provision of this Agreement will not affect the validity or enforceability of any
other provision of this Agreement, and this Agreement will be construed as if such invalid or unenforceable provision were omitted (but only to the extent that such provision cannot be appropriately reformed or modified). 

13

          16.         Waiver of Breach. No waiver by any party hereto of a breach of any provision of this Agreement by any other party, or of compliance with
any condition or provision of this Agreement to be performed by such other party, will operate or be construed as a waiver of any subsequent breach by such other party of any similar or dissimilar provisions and conditions at the same or any prior
or subsequent time. The failure of any party hereto to take any action by reason of such breach will not deprive such party of the right to take action at any time while such breach continues. 

          17.         Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns and upon any
person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business, and the successor shall be substituted for the Company under this Agreement. 

          18.         Notices. Notices and all other communications provided for in this Agreement shall be in writing and shall be delivered personally or
sent by registered or certified mail, return receipt requested, postage prepaid, or sent by facsimile or prepaid overnight courier to the parties at the addresses set forth below (or such other addresses as shall be specified by the parties by like
notice). Such notices, demands, claims and other communications shall be deemed given: 

	          	
(a)          	
in the case of delivery by overnight service with guaranteed next day delivery, the next day or the day designated for delivery;  
	 
	 	
(b)	
in the case of certified or registered U.S. mail, five days after deposit in the U.S. mail; or  
	 
	 	
(c)	
in the case of facsimile, the date upon which the transmitting party received confirmation of receipt by facsimile, telephone or otherwise;  

provided, however, that in no event shall any such communications be deemed to be given later than the date they are actually received. Communications that are to be delivered by the U.S. mail or by overnight service or two-day
delivery service are to be delivered to the addresses set forth below: 

to the Company: 

                        Westwood Computer Corporation 

                        11 Diamond Road 

                        Springfield, NJ 07081 

or to the Executive: 

                        at address in Company’s records. 

14

                        All notices to the Company shall be directed to the attention of Secretary of the Company, with a copy to the Board of Directors of the Company. Each party, by written notice furnished to the other
party, may modify the applicable delivery address, except that notice of change of address shall be effective only upon receipt. 

          19.         Arbitration of All Disputes. Any controversy or claim arising out of or relating to this Agreement (or the breach thereof) shall be
settled by final, binding and non-appealable arbitration by three arbitrators. Except as otherwise expressly provided in this Paragraph 20, the arbitration shall be conducted in accordance with the rules of the American Arbitration Association (the
“Association”) then in effect. One of the arbitrators shall be appointed by the Company, one shall be appointed by the Executive, and the third shall be appointed by the first two
arbitrators. If the first two arbitrators cannot agree on the third arbitrator within 30 days of the appointment of the second arbitrator, then the third arbitrator shall be appointed by the Association. This Paragraph 20 shall not be construed to
limit the Company’s right to obtain relief under Paragraph 11 with respect to any matter or controversy subject to Paragraph 11, and, pending a final determination by the arbitrator with respect to any such matter or controversy, the Company
shall be entitled to obtain any such relief by direct application to state, federal, or other applicable court, without being required to first arbitrate such matter or controversy. The losing party shall bear all expenses of the arbitrator incurred
in any arbitration hereunder and shall reimburse the prevailing party for any related reasonable legal fees and expenses directly attributable to such arbitration; provided that such legal fees are calculated on an hourly, and not on a contingency
fee, basis. 

          20.         Survival of Agreement. Except as otherwise expressly provided in this Agreement, the rights and obligations of the parties to this
Agreement shall survive the termination of the Executive’s employment with the Company. 

          21.         Entire Agreement. Except as otherwise indicated herein, this Agreement, including any Exhibit(s) attached hereto, constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements, if any, between the parties relating to the subject matter
hereof, including but not limited to the Original Agreement; provided, however, that nothing in this Agreement shall be construed to limit any policy or agreement that is otherwise applicable relating to confidentiality, rights to inventions,
copyrightable material, business and/or technical information, trade secrets, solicitation of employees, interference with relationships with other businesses, competition, and other similar policies or agreement for the protection of the business
and operations of the Company and the Subsidiaries. 

[Signatures appear on the following page] 

15

          IN WITNESS THEREOF, the Executive has hereunto set his hand, and the Company has caused these presents to be executed in its name and on its behalf, all as of the Effective Date. 

  	KEITH GRABEL 
	 
	 
	/s/ Keith Grabel 
	 
	 
	WESTWOOD COMPUTER CORPORATION 
	 
	 
	/s/ Dinesh Desai 
	 	 
	By:      	Dinesh Desai 
	Its: 	Chairman 

16

Schedule 2(a) 

Salary 

	
Year 1
  	
$250,000 [pro rated]
  
	 	 
	
Year 2
  	 $250,000
  
	 	 
	
Year 3
  	 $250,000
  

17

Schedule 2(a)(1) 

Salary After Mary Margaret Grabel Termination 

	
Year 1
  	
$275,000 [pro rata]
  
	 	 
	
Year 2
  	
 $275,000
  
	 	 
	
Year 3
  	
 $275,000
  

18

Schedule 2(c) 

Benefits 

	
1.	
Full time use of Company leased vehicle of choice, Currently BMW X5  
	
2.	
Company pays insurance and maintenance on vehicle  
	
3.	
Reimbursements for all travel and other expenses as per company policy  
	
4.	
Use of Company American Express Card for Company related expenses  
	
5.	
All American Express Award points flow to Keith Grabel’s account  
	
6.	
First Class Air travel, it is understood that whenever possible Award points will be used for upgrade to First Class  
	
7.	
Control and use of Company’s Jet’s Football package  
	
8.	
Control and use of Company’s Yankee’s Baseball package  
	
9.	
Membership to Fox Hollow Country Club and payment of all golf and related activities  
	
10.	
Company Health and Medical plan  
	
11.	
Three weeks vacation, Company approved holidays and 5 days personal time  
	
12.	
Benefits available generally to senior level executives of Company  
	
13.          	
Access to 401k plan or any other Executive deferred compensation plan  
	 

19

Schedule 4(a)(ii) 

Termination Salary 

	
Year 1
  	 $150,000
  
	 	 
	
Year 2
  	
 $200,000
  
	 	 
	
Year 3
  	
 $250,000
  

20

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