Document:

Incentive Plan

    Exhibit
      10(1)

    

    

    

    LINCOLN
      BANCORP INCENTIVE PLAN

    

    Lincoln
      Bank strives to be the best financial institution in which our employees can
      work and our customers can do business. Everything we do is for the benefit
      of
      people - our customers, employees and the communities that we serve. We
      demonstrate this through our history as a leader in community banking, and
      we
      value our employees and their contributions to our success.

    

    As
      an
      employer we believe that it is in the best interest of both the organization
      and
      our employees to reward our workforce for the value of the work provided. It
      is
      our intent to use an incentive based system that will reward employees based
      on
      achievement of Bank performance.

    

    On
      April
      18, 2006, the Board of Directors of Lincoln Bancorp approved the Lincoln Bancorp
      Incentive Plan. All Lincoln Bank employees (other than Commercial Lenders),
      including the Company’s Named Executive Officers, as defined by Item 402(a)(3)
      of the Securities and Exchange Commission’s Regulation S-K, will participate in
      the Plan. The Plan will be in effect beginning with the current fiscal year,
      which ends December 31, 2006. The Plan will replace the Performance Incentive
      Plan adopted March 21, 2000.

    

    Under
      the
      Plan, a target percentage will be established for each participant, at the
      beginning of each fiscal year, based upon multiple factors, including median
      competitive award levels for incentive based compensation within the financial
      services industry and pay grades as dictated by the defined pay grade that
      governs the range of expected base salary for employees. The pay grade was
      established and continues to be managed based on industry specific compensation
      analysis performed on an annual basis. The target percentage, after being
      adjusted for performance as described below, will be applied to actual base
      salary paid for the fiscal year; base salary will include all income as required
      under The Fair Labor Standards Act. The target percentages approved by the
      Board
      of Directors for the current fiscal year for each of the Named Executive
      Officers are disclosed in the table below. The plan has been modified from
      the
      2006 plan to require minimum performance for each specific factor at the 40%
      level in order for that factor to count for executive and pay grade Band “B”
employees. In other words, the minimum threshold for a bonus to be paid for
      each
      factor is the 40% level for these employees.

    

    Employees
      will be compensated based on Bank performance as measured by the following
      factors (the percentage in parenthesis is the weighting assigned to the factor):
      Net Income (30%), Deposit Growth (10%), Non-interest Expense (15%), Non-interest
      Income (10%), Net Interest Income (25%) and Loan Growth (10%). Minimum threshold
      requirements, required for any payment to be made, will be established for
      each
      factor.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The
      proposed target percentage payouts for the 2006 fiscal year are as
      follows:

    

    
      	
              Named
                Executive Officer

            	 	
              Incentive
                Target Percentage

            
	 	 	 
	
              Jerry
                R Engle, President and Chief Executive Officer

            	 	
              30%

            
	 	 	 
	
              John
                M. Baer, Senior Vice President, Chief Financial Officer, Secretary
                and
                Treasurer

            	 	
              30%

            
	 	 	 
	
              John
                Ditmars, Senior Vice President, Administration

            	 	
              30%

            
	 	 	 
	
              John
                D. Slaughter, Senior Vice President, Chief Credit Officer

            	 	
              30%

            
	 	 	 
	
              Bryan
                Mills, Senior Vice President, Mortgage Lending Manager

            	 	
              30%

            
	 	 	 
	
              Pay
                Grade Band B

            	 	
              25%

            
	
              Pay
                Grades 1-3

            	 	
              15%

            
	
              Pay
                Grades 4-5

            	 	
              10%

            
	
              Pay
                Grades 6-8

            	 	
              5%

            

    

    

    Awards
      under the Plan for a fiscal year will be paid in cash to participants after
      the
      awards have been determined and approved by the Compensation Committee, but
      in
      no event later than March 15 of the subsequent fiscal year. Any taxes required
      to be withheld by Federal, state, or local regulations will be deducted from
      payments made under the Plan. An employee must be actively employed on the
      date
      awards are paid to receive any incentive payment pursuant to the Plan. The
      Plan
      does not give any employee the right to be retained in the employ of Lincoln
      Bank; specifically, the Plan does not in any way create an employment contract
      or constitute an agreement to employ the employee for any period of time. All
      payments will be pro-rated for employees hired during the plan year. Amounts
      payable to an employee under this Plan shall be paid solely from the general
      assets of Lincoln Bank as they come due from time to time. Employees’ rights
      under this Plan are no greater than the right of an unsecured general creditor
      and this Plan does not give an employee any security interest, lien, or claim
      against any specific asset of Lincoln Bank or Lincoln Bancorp. 

    

    The
      Plan
      may be amended or discontinued at any time at the election of the Compensation
      Committee. To the extent not preempted by Federal law, the Plan shall be
      governed by and construed according to the laws of the State of Indiana without
      regard to conflict of law principles thereof.

    

    Note:
      Commercial Lenders are only eligible to participate in the Lincoln Bank
      Commercial Lending Incentive Plan.AGREEMENT
                                     BETWEEN
                          THINKPATH INC. & THE KENNEDYS

         This Agreement (the "Agreement") is made and entered into effective as
of the 19th day of April 2007, among Thinkpath Inc., an Ontario corporation
("Issuer"), Thinkpath, Inc., an Ohio corporation and wholly-owned subsidiary of
Issuer ("Maker"), and John Kennedy and Cecelia Kennedy (the "Holders")
(collectively, the "Parties"). The purpose of this Agreement is to amend certain
elements of the provision governing merger consideration in Section 2.7 of the
Agreement and Plan of Merger (the "Merger Agreement") dated as of June 29, 2006
among Issuer, Maker, The Multitech Group, Inc., the Holders, and other parties.
In consideration of the mutual promises and covenants herein contained, the
receipt and sufficiency of which are hereby acknowledged, the Parties hereto
expressly agree as follows:

         (A) TERMS AND CONDITIONS

         (1)   Upon the execution of this Agreement, Holders shall

         (a)   surrender and return to the Issuer for cancellation all of their
               4,065,820 shares of the Issuer's common stock, of which 1,718,286
               shares are owned by Cecelia Kennedy, 1,145,525 shares are owned
               by John Kennedy and 1,202,009 shares are jointly owned by the
               Holders;

         (b)   surrender and return all of their 595 shares of the Issuer's
               preferred stock to the Issuer for cancellation, of which 357
               shares are owned by Cecelia Kennedy and 238 shares are owned by
               John Kennedy;

         (c)   return to the Maker for cancellation the Non-Negotiable
               Promissory Notes (the "Merger Notes") with an aggregate amount of
               $475,788 received and executed between the Maker and the Holders
               on June 29, 2006 pursuant to the Merger Agreement; and

                                      -1-
<PAGE>

         (d)   further cancel any payments due and payable to the Holders and
               all penalties and obligations imposed upon the Maker or Issuer in
               relation to the Merger Notes.

         (2)   Upon the execution of this Agreement, Maker shall

         (a)   be obligated to pay the aggregate amount of Eight Hundred
               Thousand Dollars (U.S.) ($800,000) to the Holders as follows:

               (i) installments of Thirteen Thousand Three hundred and
               Thirty-Three Dollars and thirty-three cents ($13,333.33)(U.S.)
               per month for 60 months (the "Monthly Payments"); and

               (ii) the Monthly Payments shall be made on the fifteenth day of
               each month, starting in January 2008, as memorialized in a
               promissory note (the "New Note") attached thereto, as Exhibit A.

         (b)   pay interest at the annual rate of six percent (6%) on the
               principal amount owned to Holders;

         (c)   have Issuer guarantee the Monthly Payment owed to the Holders.
               The guarantee shall be in the form attached hereto as EXHIBIT B.
               The Holders, subject to subordination as set forth in this
               subsection, shall also have a security interest in all of the
               Maker's and Issuer's assets. The security interest shall be
               subordinated only to Laurus Master Fund, Ltd. and any subsequent
               institutional financiers for any institutional debt up to an
               aggregate of $8,000,000 (in the event that the Maker or Issuer
               seeks institutional financing in excess of $8,000,000, such
               additional institutional debt shall be subordinated to the
               Holders unless the Holders otherwise agree to subordinate).
               Issuer further agrees that until the principal and interest owed
               under the New Note are paid in full, the New Note will be secured
               by a security agreement attached hereto as EXHIBIT C, and Uniform
               Commercial Code Financing statement attached hereto as EXHIBIT D,
               giving Holders a security interest in all the patents, fixtures,
               inventory, accounts receivable, and other assets of the Issuer
               and/or any of its subsidiaries.

                                      -2-
<PAGE>

         (d)   reaffirm and continue to be bound by the terms and conditions set
               forth in the Employment Agreements executed pursuant to section
               9.1(c) of Article IX and entered into between the Holders and the
               Maker.

         (e)   pay any legal fee associated with disputes under the Merger
               Agreement or Merger Notes or the negotiation and execution of the
               New Note or this Agreement, provided that the aggregate amount of
               such legal fees does not exceed Fifteen Thousand Dollars (U.S.)
               ($15,000).

         (B)   RIGHT TO SERVE ON THE BOARD

         Until the New Note is paid in full, the Holders shall have the right to
and the Board of Directors shall have the obligation to include one designee,
reasonably acceptable to the Issuer, as a nominee to serve on the Issuer's Board
of Directors. Promptly upon execution of this Agreement, the Issuer will appoint
such nominee to serve as a Director until the next annual meeting of
shareholders.

         (C) ENTIRE AGREEMENT

         The Agreement contains all of the terms and conditions agreed upon
between the parties with respect to the subject matter hereof, and this
Agreement fully and completely expresses the Agreement of said parties on the
subject matter hereof. Further, in the event of any conflict between the terms
and provisions of this Agreement and the Merger Agreement, the terms and
provisions of this Agreement shall prevail and govern the obligations of the
Issuer and the Holders.

                                      -3-
<PAGE>

         (D) NO INFERENCE

           It is specifically understood and agreed by and between the parties
that this Agreement and any exhibits annexed hereto are the result of extensive
negotiations between the parties. It is understood and agreed that both parties
shall be deemed to have drawn these documents in order to avoid any negative
inference by any court as against the preparer of the document.

         (E) AMENDMENTS

         The Agreement may not be changed, modified, supplemented or terminated,
nor may any obligations hereunder be waived, except by an instrument executed by
the parties hereto who are or will be affected by the terms of such change,
modification, supplementation or termination.

         (F) NO WAIVER

         No waiver by either party of any failure or refusal by the other party
to comply with its obligations shall be deemed a waiver of any other or
subsequent failure or refusal to so comply.

         (G) SUCCESSORS AND ASSIGNS

         Subject to the terms of the Agreement, the covenants, agreements and
representations, herein contained stipulations shall inure to the benefit of,
and shall bind, the heirs, administrators, successors and assigns of the
respective Parties hereto. The obligations of Issuer and Maker may not be
assigned without the consent of the Holders.

         (H) GOVERNING LAW

         The Agreement shall be governed by, interpreted under, and construed
and enforced in accordance with, the laws of the State of New Jersey applicable
to agreements made and to be performed wholly within said state.

         (I) BINDING EFFECT

         Facsimile signatures of the Issuer and Holders shall be deemed to be
originals and binding upon the parties.

         (J) PARTIAL INVALIDITY

         If any term or provision of this Agreement or the application thereof
to any person or circumstances shall, to any extent, be invalid or
unenforceable, the remainder of this Agreement, or the application of such term
or provision to persons or circumstances other than those as to which it is held
invalid or unenforceable, shall not be affected thereby, and each term and
provision of this Agreement shall be valid and be enforced to the fullest extent
permitted by applicable law.

                                      -4-
<PAGE>

         (K) MUTUAL LEGAL RELEASE
         The Issuer, Maker, and the Holders, for themselves and anyone claiming
 through them, hereby expressly release any and all of their respective legal
 rights against each other or their respective representatives, heirs,
 administrators, successors and assigns for any legal liabilities and claims
 that may be currently existing, including but not limited to any claims arising
 out of or related to fraud or misrepresentation of either party or breach of
 contract arising out of or related to the Merger Agreement or Merger Notes.
 However, this provision shall not release the Issuer, Maker or the Holder from
 any of their obligations under this Agreement, the New Note, the guarantee of
 the New Notes, or the other exhibits hereto.

         IN WITNESS WHEREOF, the Issuer, Maker, and Holders have caused this
instrument to be duly executed by the undersigned.

DATE: APRIL __, 2007
                                ISSUER: THINKPATH INC., AN ONTARIO CORPORATION

                                            By: _____________________________
                                                Declan French
                                                Chief Executive Officer

                                MAKER: THINKPATH INC., AN OHIO CORPORATION

                                            By: _____________________________
                                                Declan French
                                                Chief Executive Officer

                                HOLDERS: JOHN KENNEDY AND CECELIA KENNEDY

                                            By: ________________________________
                                                John Kennedy

                                            By: ________________________________
                                                Cecelia Kennedy

                                      -5-

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