Document:

EXHIBIT 10.2

 Exhibit 10.2 
 FIFTEENTH AMENDMENT TO 
 LOAN AND SECURITY AGREEMENT 
 THIS FIFTEENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of February 14, 2008, but effective as of
January 31, 2008, by and among TELOS CORPORATION, a Maryland corporation (“Parent”), XACTA CORPORATION, a Delaware corporation (“Xacta”; Parent and Xacta are referred to hereinafter each individually as a
“Borrower”, and individually and collectively, jointly and severally, as the “Borrowers”), TELOS DELAWARE, INC., a Delaware corporation (“Telos-Delaware”), UBIQUITY.COM, INC., a Delaware corporation
(“Ubiquity”), TELOS INTERNATIONAL CORP., a Delaware corporation (“TIC”), TELOS INTERNATIONAL ASIA, INC., a Delaware corporation (“TIA”), SECURE TRADE, INC., a Delaware corporation (“STI”),
and TELOS FIELD ENGINEERING, INC., a Delaware corporation (“TFE”),; Telos-Delaware, Ubiquity, TIC, TIA, STI, and TFE are referred to hereinafter each individually as a “Credit Party” and collectively, jointly and
severally, as the “Credit Parties”), and WELLS FARGO FOOTHILL, INC. (formerly known as Foothill Capital Corporation), as agent (“Agent”) for the Lenders (defined below) and as a Lender. 
 WHEREAS, Borrowers, Credit Parties, Agent and certain other financial institutions from time to time party thereto (the “Lenders”) are parties
to that certain Loan and Security Agreement dated as of October 21, 2002 (as amended from time to time, the “Loan Agreement”); 
 WHEREAS, subject to the terms and conditions contained herein, Borrowers, Credit Parties, Agent and Lenders have agreed to amend the Loan Agreement in certain respects. 
 NOW THEREFORE, in consideration of the premises and mutual agreements herein contained, the parties hereto agree as follows: 
 1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to such terms in the Loan
Agreement. 
 2. Amendments to Loan Agreement. Subject to the satisfaction of the conditions set forth in Section 4 hereof, the
Loan Agreement is amended in the following respects: 
 (a) The definition of “Maximum Revolver Amount” as set forth in
Section 1.1 of the Loan Agreement is amended and restated in its entirety, as follows: 
 “Maximum Revolver
Amount” means $15,000,000, provided, that during the period from January 31, 2008 through and including March 31, 2008, the Maximum Revolver Amount means an amount equal to $20,000,000. 

 3. Ratification. This Amendment, subject to satisfaction of the conditions provided below, shall
constitute a waiver and amendment to the Loan Agreement and all of the Loan Documents as appropriate to express the agreements contained herein. Except as specifically set forth herein, the Loan Agreement and the Loan Documents shall remain
unchanged and in full force and effect in accordance with their original terms. 
 4. Conditions to Effectiveness. This Amendment
shall become effective as of January 31, 2008 and upon the satisfaction of the following conditions precedent: 
 (a) Each party hereto
shall have executed and delivered this Amendment to Agent; 
 (b) Agent shall have received the fee described in Section 5 hereof;

 (c) Borrowers shall have delivered to Agent such documents, agreements and instruments as may be requested or required by Agent in
connection with this Amendment, each in form and content acceptable to Agent; 
 (d) No Default or Event of Default other than the Existing
Defaults shall have occurred and be continuing on the date hereof or as of the date of the effectiveness of this Amendment; and 
 (e) All
proceedings taken in connection with the transactions contemplated by this Amendment and all documents, instruments and other legal matters incident thereto shall be satisfactory to Agent and its legal counsel. 
 5. Amendment Fee. To induce Agent and Lenders to enter into this Amendment, Borrowers shall pay to Agent, for the benefit of Lenders, a
non-refundable fee equal to $10,000, which shall be due and payable on the date hereof. 
 6. Miscellaneous. 
 (a) Warranties and Absence of Defaults. To induce Agent and Lenders to enter into this Amendment, each Company hereby represents and warrants to
Agent and Lenders that: 
 (i) The execution, delivery and performance by it of this Amendment and each of the other
agreements, instruments and documents contemplated hereby are within its corporate power, have been duly authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required), and do not and will
not contravene or conflict with any provision of law applicable to it, its articles of incorporation and by-laws, any order, judgment or decree of any court or governmental agency, or any agreement, instrument or document binding upon it or any of
its property; 
 (ii) Each of the Loan Agreement and the other Loan Documents, as amended by this Amendment, are the legal,
valid and binding obligation of it 

  

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enforceable against it in accordance with its terms, except as the enforcement thereof may be subject to (A) the effect of any applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting creditor’s rights generally, and (B) general principles of equity; 
 (iii) The representations and warranties contained in the Loan Agreement and the other Loan Documents are true and accurate as of the date hereof with the same force and effect as if such had been made on and as of
the date hereof; and 
 (iv) It has performed all of its obligations under the Loan Agreement and the Loan Documents to be
performed by it on or before the date hereof and as of the date hereof, it is in compliance with all applicable terms and provisions of the Loan Agreement and each of the Loan Documents to be observed and performed by it and no event of default or
other event which upon notice or lapse of time or both would constitute an event of default has occurred. 
 (b) Expenses. Companies,
jointly and severally, agree to pay on demand all costs and expenses of Agent (including the reasonable fees and expenses of outside counsel for Agent) in connection with the preparation, negotiation, execution, delivery and administration of this
Amendment and all other instruments or documents provided for herein or delivered or to be delivered hereunder or in connection herewith. In addition, Companies agree, jointly and severally, to pay, and save Agent harmless from all liability for,
any stamp or other taxes which may be payable in connection with the execution or delivery of this Amendment or the Loan Agreement, as amended hereby, and the execution and delivery of any instruments or documents provided for herein or delivered or
to be delivered hereunder or in connection herewith. All obligations provided herein shall survive any termination of the Loan Agreement as amended hereby. 
 (c) Governing Law. This Amendment shall be a contract made under and governed by the internal laws of the State of Illinois. 
 (d) Counterparts. This Amendment may be executed in any number of counterparts, and by the parties hereto on the same or separate counterparts, and each such counterpart, when executed and delivered, shall be
deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. 
 7. Release.

 (a) In consideration of the agreements of Agent and Lenders contained herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, each Company, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent and
Lenders, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Agent, each Lender and all such
other Persons being hereinafter referred to collectively as the 

  

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“Releasees” and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, covenants, contracts,
controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and
collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which such Company or any of its successors, assigns, or other legal representatives may now or hereafter own, hold,
have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment, including, without limitation, for
or on account of, or in relation to, or in any way in connection with any of the Loan Agreement, or any of the other Loan Documents or transactions thereunder or related thereto. 
 (b) Each Company understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a
basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. 
 (c) Each Company agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional
nature of the release set forth above. 
 [signature pages follow] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective
officers thereunto duly authorized and delivered as of the date first above written. 
  

			
	BORROWERS:
	
	 TELOS CORPORATION,
 a Maryland
corporation

		
	By	 	 /s/ Michael P. Flaherty

		 	Michael P. Flaherty
	Title	 	EVP, General Counsel, Chief Administrative Officer
	
	 XACTA CORPORATION,
 a Delaware
corporation

		
	By	 	 /s/ Michael P. Flaherty

		 	Michael P. Flaherty
	Title	 	EVP, General Counsel, Chief Administrative Officer
	
	CREDIT PARTIES:
	
	 TELOS DELAWARE, INC.,
 a Delaware
corporation

		
	By	 	 /s/ Michael P. Flaherty

		 	Michael P. Flaherty
	Title	 	EVP, General Counsel, Chief Administrative Officer
	
	 UBIQUITY.COM, INC.,
 a Delaware
corporation

		
	By	 	 /s/ Michael P. Flaherty

		 	Michael P. Flaherty
	Title	 	EVP, General Counsel, Chief Administrative Officer

 Signature Page to Fifteenth Amendment to Loan and Security Agreement 

			
	 TELOS INTERNATIONAL CORP.,
 a Delaware
corporation

		
	By	 	 /s/ Michael P. Flaherty

		 	Michael P. Flaherty
	Title	 	EVP, General Counsel, Chief Administrative Officer
	
	 TELOS INTERNATIONAL ASIA, INC.,
 a
Delaware corporation

		
	By	 	 /s/ Michael P. Flaherty

		 	Michael P. Flaherty
	Title	 	EVP, General Counsel, Chief Administrative Officer
	
	 SECURE TRADE, INC.,
 a Delaware
corporation

		
	By	 	 /s/ Michael P. Flaherty

		 	Michael P. Flaherty
	Title	 	EVP, General Counsel, Chief Administrative Officer
	
	 TELOS FIELD ENGINEERING, INC.,
 a
Delaware corporation

		
	By	 	 /s/ Michael P. Flaherty

		 	Michael P. Flaherty
	Title	 	EVP, General Counsel, Chief Administrative Officer
	
	AGENT AND LENDER:
	
	WELLS FARGO FOOTHILL, INC. (formerly known as Foothill Capital Corporation)
		
	By	 	 /s/ David Sanchez

	Title	 	Vice President

 Signature Page to Fifteenth Amendment to Loan and Security AgreementBonus Plan for Executive Officers

 Exhibit 10(iii).5 
 BALDOR ELECTRIC COMPANY 
 2009 BONUS PLAN 
 FOR OFFICERS AND KEY MANAGERS 
 Plan
Administration 
 The Board of Directors of the Company has sole responsibility for adopting, reviewing and revising the Company’s Bonus Plan and
all its provisions annually. 
 Plan Participants 
 Participants include “Officers” and Key Managers of the Company as approved by the Board of Directors annually. Participation in the Bonus Plan does not constitute a guarantee of employment and incentive awards for plan
participants whose employment is terminated for any reason shall forfeit their rights to the “Bonus”. Participants who retire or go on disability during the plan year will not normally receive a prorated portion of their bonus earned.

 Bonus Payment Date 
 The bonus will be paid in a
lump sum as soon as practical after the Company’s financial results for the applicable year have been certified by the Company’s external auditors. 
 Bonus Formula 
 The formula used in the Plan is based on the Company’s Sales and Profit Plan for each year the Plan is
implemented. The formula is constructed so a bonus (using the percentage (%) as defined below) of base compensation will be earned when the specific goal is met. The formula for 2009 will be as specified below. 
  

													
	 	  	Threshold	 	 	Plan	 	 	Stretch	 
	 Net earnings
	  	$	xxx million	 	 	$	xxx million	 	 	$	xxx million	 
	 Applicable Bonus Percentage
	  	 	5	%	 	 	10	%	 	 	20	%

 The Applicable Bonus Percentage is 5% upon achieving the Threshold net earnings, an additional 5% upon achieving
the Plan net earnings, an additional 10% upon achieving the Stretch net earnings, and an additional 1% for every $1 million of net earnings achieved in excess of the Stretch net earnings. 
 For net earnings between Threshold and Plan, the Bonus earned will be calculated on a straight line pro-rata basis and for net earnings between Plan and Stretch, the
Bonus earned will also be calculated on a straight line pro-rata basis. 
  

					
	The bonus payment =	 		  	Participant’s base compensation for the applicable year
		 	x	  	Applicable Bonus Percentage

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