Document:

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EXHIBIT 10(l)

                                  PAYCHEX, INC.
                      OFFICER PERFORMANCE INCENTIVE PROGRAM
                                   FISCAL 2006

PLAN DESCRIPTION

1.    Participants: Executive Officers of Paychex, Inc.

2.    The maximum incentive for the Chief Executive Officer is 100% of base
      salary plus any bonus awards recommended by the Compensation Committee and
      approved by the Board of Directors for over-achievement of operating
      objectives. The maximum is 70% of base salary for all other Executive
      Officers.

3.    Performance Criteria: The payment of cash bonus awards to participants
      shall be determined by the Board on a discretionary basis based primarily
      on how year-over-year revenue growth, year-over-year growth in operating
      income excluding interest on funds held for clients, and improvement in
      operating income excluding interest on funds held for clients as a
      percentage of service revenues for the fiscal year compare to the goals
      that are established annually by the Board of Directors.

4.    Payment: Incentive payments to be paid in July 2006 after Board approval.
      Officer must be employed at the fiscal year end to be eligible for any
      bonus.

5.    Changes and Termination: Bonus awards, changes to and termination of the
      Program is at the sole discretion of the Board.Exhibit 4.1

Exhibit 4.1

MAYSIA RESOURCES CORPORATION

INCORPORATION UNDER THE LAWS OF THE STATE OF NEVADA 

AUTHORIZED SHARES $0.00001 PAR VALUE

	
NUMBER 
	
SHARES

	 	
CUSIP 

	 	
See Reverse

	 	
For Certain Definitions

THIS CERTIFIES THAT

Is The Owner of

FULLY PAID AND NON-ASSESSABLE SHARES OF $0.00001 PAR VALUE COMMON STOCK OF

MAYSIA RESOURCES CORPORATION

Transferable only on the books of the Company in person or by duly authorized attorney upon surrender of this Certificate properly endorsed.  This Certificate is not valid unless countersigned by the Transfer Agent and Registrar. 

IN WITNESS WHEREOF, the said Company has caused this Certificate to be executed by the facsimile signatures of its duly authorized officers and to be sealed with the facsimile seal of the Company.

	
Dated:

	 
	
_______________________
	 	
_________________________

	
Secretary
	
SEAL
	
President

 

 

 

 

 

 

 

MAYSIA RESOURCES CORPORATION

TRANSFER FEE: $20.00 PER NEW CERTIFICATE ISSUED

The following abbreviations when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable law or regulations:

TEN COM - as tenants in common

TEN ENT - as tenants by the entireties

JT TEN - as joint tenants with right of survivorship and not as tenants in common

UNIF GIFT MIN ACT - __________ Custodian ___________ (Minor) under Uniform Gifts to Minors Act ____________ (State)

Additional abbreviations may also be used though not in the above list.

For Value Received, _________________ hereby sell, assign and transfer unto _______________ (Please insert Social Security or other identifying number of Assignee). 

_________________________________________________________________

(Please print or typewrite name and address, including zip code of Assignee)

_________________________________________________________________

_________________________________________________________________

__________________________________________________________ Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _______________________ attorney-in-fact to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premises.

Dated: _________________

 

 _____________________________________________

Notice: The signatures to this Assignment must correspond with the name(s) as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatsoever.

Signature(s) Guaranteed:

___________________________

The signature(s) must be guaranteed by an eligible guarantor institution (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions with membership in an approved signature guarantee Medallion Program), pursuant to S.E.C. Rule 17Ad-15.Exhibit 10.1

Exhibit 10.1

	
Mineral Titles Online

  

 

	

	

	
Mineral Tenure Bill of Sale Completion
	
Review Payment

	
Recorder:
	
Saleem Mohamed (200889)
	
Submitter:
	
Saleem Mohamed (200889)
	
 
	
 

	
Recorded:
	
2005/JUN/07
	
Effective:
	
2005/JUN/07
	
 
	
 

	
D/E Date:
	
2005/JUN/07
	 	 	 	 

Event Number: 4034696

	
Seller:
	
JACQUELINE ANN MCLEOD (146225)

	
Buyers:
	
Saleem Mohamed (200889)

	
Tenure Number
	
MD
	
Type
	
GTD
	
Buy %
	
New Ownership %

	
508964
	
 
	
MCX
	
2006/MAR/15
	
100
	
200889

100

 

The event was successfully saved.Exhibit 10.1 (Amendment No. 1 to Amended and Restated Credit Agreement)

    
      

    

    EXHIBIT
      10.1

     

    EXECUTION
      COPY

     

    AMENDMENT
      NO. 1 TO AMENDED AND RESTATED

    CREDIT
      AGREEMENT

    

    This
      Amendment No. 1 to Amended and Restated Credit Agreement (this "Agreement")
      dated
      as of July 18, 2005 is made by and among COVENANT ASSET MANAGEMENT, INC., a
      Nevada corporation (the "Borrower"),
      COVENANT TRANSPORT, INC., a Nevada corporation and the owner of 100% of the
      issued and outstanding common stock of the Borrower (the "Parent"),
      BANK
      OF AMERICA, N.A., a national banking association organized and existing under
      the laws of the United States ("Bank
      of America"),
      in
      its capacity as administrative agent for the Lenders (as defined in the Credit
      Agreement (as defined below)) (in such capacity, the "Agent"),
      each
      of the Lenders signatory hereto and each of the Guarantors (as defined in the
      Credit Agreement) signatory hereto.

    

    WITNESSETH:

    

    WHEREAS,
      the
      Borrower, the Parent, the Agent and the Lenders have entered into that certain
      Amended and Restated Credit Agreement dated as of December 16, 2004, (as hereby
      amended and as from time to time hereafter further amended, modified,
      supplemented, restated, or amended and restated, the "Credit
      Agreement";
      the
      capitalized terms used in this Agreement not otherwise defined herein shall
      have
      the respective meanings given thereto in the Credit Agreement), pursuant to
      which the Lenders have made available to the Borrower various revolving credit
      facilities, including a letter of credit facility and a swing line facility;
      and

    

    WHEREAS,
      each of
      the Parent and the Guarantors has entered into a Facility Guaranty pursuant
      to
      which it has guaranteed certain or all of the obligations of the Borrower under
      the Credit Agreement and the other Loan Documents, and the Parent, the Borrower
      and the Guarantors have entered into various of the Security Instruments to
      secure their respective obligations and liabilities in respect the Loans and
      the
      Loan Documents; and

    

    WHEREAS,
      the
      Parent and the Borrower have advised the Agent and the Lenders that they desire
      to amend certain provisions of the Credit Agreement as set forth below, and
      the
      Agent and the Lenders signatory hereto are willing so to effect such amendments
      contained herein on the terms and conditions contained in this
      Agreement;

    

    NOW,
      THEREFORE,
      in
      consideration of the premises and further valuable consideration, the receipt
      and sufficiency of which is hereby acknowledged, the parties hereto agree as
      follows:

    

    1.     Amendment
      to Credit Agreement.
      Subject
      to the terms and conditions set forth herein, the Credit Agreement is hereby
      amended by deleting the definition of "Consolidated EBITDAR" in its entirety
      and
      inserting the following in its place:

    

    "Consolidated
      EBITDAR" means, with respect to the Parent and its Subsidiaries for any
      Four-Quarter Period ending on the date of computation thereof, the sum of,
      without duplication, (i) Consolidated Net Income, (ii) Consolidated Interest
      Expense, (iii) taxes on income, (iv) depreciation, (v) amortization, (vi)
      Consolidated Lease Payments and (vii) for the applicable Four-Quarter Periods,
      the charge of approximately 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    $19,600,000
      taken by the Parent in the fourth fiscal quarter of 2004 related to increases
      in
      estimated casualty and worker's compensation claims, all of the above determined
      on a consolidated basis in accordance with GAAP applied on a Consistent Basis,
      subject to Acquisition Adjustments.

    

    2.     Conditions
      Precedent.
      This
      Agreement and the amendments to the Credit Agreement provided in Paragraph
      1
      shall be
      effective as of June 30, 2005 upon the satisfaction of the following conditions
      precedent:

    

    (a)   
The
      Administrative Agent shall have received each of the following documents or
      instruments in form and substance reasonably acceptable to the Administrative
      Agent:

    

     
      (i)      ten
      (10)
      original counterparts of this Agreement, duly executed by the Parent, the
      Borrower, the Agent, each Guarantor, and such other Lenders as are necessary
      to
      constitute the Required Lenders; and

    

     
      (ii)     such
      other documents, instruments, opinions, certifications, undertakings, further
      assurances and other matters as the Agent shall reasonably request.

    

    (b)    all
      fees
      and expenses payable to the Agent and the Lenders (including the fees and
      expenses of counsel to the Agent) accrued to date shall have been paid in full
      to the extent invoiced prior to or on the effective date of this Agreement,
      but
      without prejudice to the later payment of accrued fees and expenses not so
      invoiced.

    

    3.     Consent
      of the Parent and the Guarantors.
      Each of
      the Parent and the Guarantors has joined in the execution of this Agreement
      for
      the purposes of consenting hereto and for the further purpose of confirming
      its
      guaranty of the Obligations of the Borrower pursuant to the Facility Guaranty
      to
      which the Parent or such Guarantor is party and its obligations under each
      other
      Loan Documents to which it is a party. The Parent and each Guarantor hereby
      consents, acknowledges and agrees to the amendments of the Credit Agreement
      set
      forth herein and hereby confirms and ratifies in all respects the Facility
      Guaranty and each other Loan Document to which the Parent or such Guarantor
      is a
      party and the enforceability of such Facility Guaranty and each such other
      Loan
      Document against the Parent and such Guarantor in accordance with its
      terms.

    

    4.     Representations
      and Warranties.
      In
      order to induce the Agent and the Lenders party hereto to enter into this
      Agreement, each of the Parent and the Borrower represent and warrant to the
      Agent and such Lenders as follows:

     

            
      (a)    The
      representations and warranties made by the Parent and the Borrower in
Article
      VIII
      of the
      Credit Agreement (after giving effect to this Agreement) and by each Loan Party
      in each of the other Loan Documents to which it is a party are true and correct
      in all material respects on and as of the date hereof, except to the extent
      that
      such representations and warranties expressly relate to an earlier
      date;

    

      (b)     Since
      the
      date of the most recent financial reports of the Parent delivered pursuant
      to
Section
      9.1
      of the
      Credit Agreement, no act, event, condition or circumstance has occurred or
      arisen which, singly or in the aggregate with one or more other
      acts,

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    events,
      occurrences or conditions (whenever occurring or arising), has had or could
      reasonably be expected to have a Material Adverse Effect;

    

            (c)    The
      Persons appearing as Guarantors on the signature pages to this Agreement
      constitute all Persons who are required to be Guarantors pursuant to the terms
      of the Credit Agreement and the other Loan Documents, including without
      limitation all Persons who became Subsidiaries or were otherwise required to
      become Guarantors after the Closing Date as a result of any merger, acquisition
      or other reorganization, and each such Person has executed and delivered a
      Facility Guaranty;

    

            (d)    This
      Agreement has been duly authorized, executed and delivered by the Parent, the
      Borrower and the Guarantors party hereto and constitutes a legal, valid and
      binding obligation of such parties, except as may be limited by general
      principles of equity or by the effect of any applicable bankruptcy, insolvency,
      reorganization, moratorium or similar law affecting creditors' rights generally;
      and

    

          
       (e)    No
      Default or Event of Default has occurred and is continuing either immediately
      prior to or immediately after the effectiveness of this Amendment.

    

    5.     Entire
      Agreement.
      This
      Agreement, together with all the Loan Documents (collectively, the "Relevant
      Documents"),
      sets
      forth the entire understanding and agreement of the parties hereto in relation
      to the subject matter hereof and supersedes any prior negotiations and
      agreements among the parties relative to such subject matter. No promise,
      condition, representation or warranty, express or implied, not herein set forth
      shall bind any party hereto, and not one of them has relied on any such promise,
      condition, representation or warranty. Each of the parties hereto acknowledges
      that, except as otherwise expressly stated in the Relevant Documents, no
      representations, warranties or commitments, express or implied, have been made
      by any party to the other. None of the terms or conditions of this Agreement
      may
      be changed, modified, waived or canceled orally or otherwise, except as
      permitted pursuant to Section
      13.6
      of the
      Credit Agreement.

    

    6.     Full
      Force and Effect of Agreement.
      Except
      as hereby specifically amended, modified or supplemented, the Credit Agreement
      and all other Loan Documents are hereby confirmed and ratified in all respects
      by each party hereto and shall be and remain in full force and effect according
      to their respective terms.

    

    7.     Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      deemed an original as against any party whose signature appears thereon, and
      all
      of which shall together constitute one and the same instrument.

    

    8.     Governing
      Law.
      This
      Agreement shall in all respects be governed by, and construed in accordance
      with, the laws of the state of Tennessee.

    

    9.     Enforceability.
      Should
      any one or more of the provisions of this Agreement be determined to be illegal
      or unenforceable as to one or more of the parties hereto, all other provisions
      nevertheless shall remain effective and binding on the parties
      hereto.

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    10.     References.
      All
      references in any of the Loan Documents to the "Credit Agreement" shall mean
      the
      Credit Agreement, as amended hereby.

    

    11.     Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the Parent, the
      Borrower, the Administrative Agent and each of the Guarantors and Lenders,
      and
      their respective successors, assigns and legal representatives; provided,
      however, that neither the Parent, the Borrower nor any Guarantor, without the
      prior consent of the Required Lenders, may assign any rights, powers, duties
      or
      obligations hereunder.

    

    12.     Expenses.
      The
      Parent and the Borrower agree to pay to the Agent all reasonable out-of-pocket
      expenses of the Administrative Agent (including the fees and expenses of counsel
      to the Agent) incurred or arising in connection with the negotiation and
      preparation of this Agreement.

    

    

    [Signature
      pages follow.]

    

     

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

     

    IN
      WITNESS WHEREOF, the
      parties hereto have caused this instrument to be made, executed and delivered
      by
      their duly authorized officers as of the day and year first above
      written.

    

    
      	
              BORROWER:

            
	 
	
              COVENANT
                ASSET MANAGEMENT, INC.,
                a Nevada
                corporation

            
	 
	
              By:
                 /s/
                Joey B. Hogan 

            
	
              Name:
                 Joey
                B. Hogan

            
	
              Title: EVP/CFO

            
	 
	 
	
              PARENT:

            
	 
	
              COVENANT
                TRANSPORT, INC.,
                a
                Nevada corporation

            
	 
	
              By:
                 /s/
                Joey B. Hogan 

            
	
              Name:
                 Joey
                B. Hogan

            
	
              Title: EVP/CFO

            

    

    

    

    

    

    
 

    

    

    

    

    

    

    

     

    Signature
      Page

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              GUARANTORS:

            
	 
	 
	
              COVENANT
                TRANSPORT, INC., 

              a
                Tennessee corporation

            
	 
	
              By:
                 /s/
                Joey B. Hogan 

            
	
              Name:
                 Joey
                B. Hogan 

            
	
              Title:
                 EVP/CFO

            
	 
	 
	
              HAROLD
                IVES TRUCKING CO., 

              an
                Arkansas corporation

            
	 
	
              By:
                 /s/
                Joey B. Hogan 

            
	
              Name:
                 Joey
                B. Hogan 

            
	
              Title:
                 EVP/CFO

            
	 
	 
	
              SOUTHERN
                REFRIGERATED TRANSPORT, 

              INC.,

              an
                Arkansas corporation

            
	 
	
              By:
                 /s/
                Joey B. Hogan 

            
	
              Name:
                 Joey
                B. Hogan 

            
	
              Title:
                 EVP/CFO

            
	 
	 
	
              COVENANT.COM,
                INC.,

              a
                Nevada corporation

            
	 
	
              By:
                 /s/
                Joey B. Hogan 

            
	
              Name:
                 Joey
                B. Hogan 

            
	
              Title:
                 EVP/CFO

            
	 
	 
	
              CIP,
                INC.,

              a
                Nevada corporation

            
	 
	
              By:
                 /s/
                Joey B. Hogan 

            
	
              Name:
                 Joey
                B. Hogan 

            
	
              Title:
                 EVP/CFO

            

    

    

    

     

     

    
 

     

    Signature
      Page

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

      
        	
                AGENT:

              
	 
	
                BANK
                  OF AMERICA, N.A., as
                  Agent

              
	 
	
                By:
                   /s/
                  Ronaldo Naval 

              
	
                Name:  Ronaldo
                  Naval 

              
	
                Title:  Vice
                  President 

              

      

    

     

    

     

    

     

     

     

     

     

     

    
 

     

    

     

    Signature
      Page

     

    

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      
        

          
            	
                    LENDERS:

                  
	 
	
                    BANK
                      OF AMERICA, N.A.

                  
	 
	
                    By:
                       /s/
                      Andrew Bunton 

                  
	
                    Name:  Andrew
                      Bunton 

                  
	
                    Title:  Bank
                      of America 

                  

          

        

      

    
       

       

       

       

      Signature
        Page

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      	
              NATIONAL
                CITY BANK OF KENTUCKY

            
	 
	
              By:
                 /s/
                Kevin L. Anderson 

            
	
              Name:  Kevin
                L. Anderson 

            
	
              Title:  Senior
                Vice President 

            

    

    

     

    

     

     

     

    
 

     

    Signature
      Page

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      
        	
                AMSOUTH
                  BANK

              
	 
	
                By:
                   /s/
                  W. Walter Robinson 

              
	
                Name:  W.
                  Walter Robinson III 

              
	
                Title:  VP  

              

      

    

    

     

    

     

    

     

     

     

     

     

     

     

    

     

    Signature
      Page

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      
        	
                SUNTRUST
                  BANK

              
	 
	
                By:
                   /s/
                  William H. Crawford 

              
	
                Name: William
                  H. Crawford  

              
	
                Title: Director  

              

      

    

    

    

     

    

     

    

     

    

     

     

     

     

    
 

     

    

     

    Signature
      Page

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              BRANCH
                BANKING AND TRUST COMPANY

            
	 
	
              By:
                 /s/
                L. Allen Rathbone, SVP 

            
	
              Name:  L.
                Allen Rathbone 

            
	
              Title:  Senior
                Vice President 

            

    

    

    

    

    

    

    

    

    

    

    

    

     

     

    
 

    
 

    

    

    Signature
      Page

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              FIRST
                TENNESSEE BANK NATIONAL ASSOCIATION

            
	 
	
              By:
                 /s/
                Robert T. Lusk 

            
	
              Name:  Robert
                T. Lusk 

            
	
              Title:  Vice
                President 

            

    

    

     

    

     

     

     

     

     

     

    
 

     

     

    Signature
      Page

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              BNP
                PARIBAS

            
	 
	
              By:
                 /s/
                Jeff Tebeaux 

            
	
              Name:  Jeff
                Tebeaux 

            
	
              Title:  Vice
                President 

            
	 
	
              By:
                 /s/
                Henry F. Setina 

            
	
              Name:  Henry
                F. Setina 

            
	
              Title:  Director 

            

    

    

     

     

     

     

     

     

    
 

     

    

    
    

    Signature
      Page

     

     

    Back
      to Form
      8-K

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