Document:

Unassociated Document

    
      
        Execution
Copy

      

       

      AMENDED
AND RESTATED

      FACILITY
B LOAN NOTE

      

      
        	 
      	
                No.
      _____________

              
	
                $1,100,000.00

              	
                Date:
      as of January 8, 2009

              
	
                Chicago,
      Illinois

              	
                Due
      Date: October 3, 2011

              

      

      

      This
Note is given in replacement of but not extinguishing the indebtedness evidenced
by that Facility B Loan Note dated October 3, 2008, executed by ISI Security
Group, Inc. in the original principal amount of $5,000,000.00.

      

      FOR VALUE
RECEIVED, ISI SECURITY GROUP,
INC., a Delaware corporation, (f/k/a ISI DETENTION CONTRACTING GROUP,
INC.)    (the “Borrower”),
whose address is 12903 Delivery Drive, San Antonio, Texas 78247, promises
to pay to the order of THE
PRIVATEBANK AND TRUST COMPANY, an Illinois banking corporation
(hereinafter, together with any holder hereof, the “Bank”),
whose address is 70 W. Madison, 2nd floor,
Chicago, Illinois 60602, on or before October 3, 2011 (the “Facility B
Loan Scheduled Maturity Date”), the lesser of (i) one million on
hundred thousand and 00/100 dollars ($1,100,000.00), or (ii) the aggregate
principal amount of the Facility B Loan
outstanding under and pursuant to that certain Loan and Security Agreement dated
as of October 3, 2008, as amended, executed by and between the Borrower and the
Bank, as amended from time to time (as amended, supplemented or modified from
time to time, the “Loan
Agreement”), and made available by the Bank to the Borrower at the
maturity or maturities and in the amount or amounts stated on the records of the
Bank, together with interest (computed on the actual number of days elapsed on
the basis of a 360 day year) on the aggregate principal amount of the Facility B Loan
outstanding from time to time as provided in the Loan Agreement. Capitalized
words and phrases not otherwise defined herein shall have the meanings assigned
thereto in the Loan Agreement.

       

      This
Facility B Loan Note evidences the Facility B Loan,
Letters of Credit and other indebtedness incurred by the Borrower under and
pursuant to the Loan Agreement, to which reference is hereby made for a
statement of the terms and conditions under which the Facility B Loan
Scheduled Maturity Date or any payment hereon may be accelerated. The holder of
this Facility B Loan Note is entitled to all of the benefits and security
provided for in the Loan Agreement. The Facility B Loan
shall be repaid by the Borrower on the Facility B Loan Scheduled Maturity
Date, unless payable sooner pursuant to the provisions of the Loan
Agreement.

       

      Principal
and interest shall be paid to the Bank at its address set forth above, or at
such other place as the holder of this Facility B Loan Note shall designate
in writing to the Borrower. The Facility B Loan
made, and all Letters of
Credit issued by the Bank, and all payments on account of the principal and
interest thereof shall be recorded on the books and records of the Bank and the
principal balance as shown on such books and records, or any copy thereof
certified by an officer of the Bank, shall be rebuttably presumptive evidence of
the principal amount owing hereunder.

       

      Except
for such notices as may be required under the terms of the Loan Agreement, the
Borrower waives presentment, demand, notice, protest, and all other demands, or
notices, in connection with the delivery, acceptance, performance, default, or
enforcement of this Facility B Loan Note, and assents to any extension or
postponement of the time of payment or any other indulgence.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      The Facility B Loan
and the Letters of Credit evidenced hereby have been made and/or issued and this
Facility B Loan Note has been delivered at the Bank’s main office set forth
above. This Facility B Loan Note shall be governed and construed in
accordance with the laws of the State of Illinois, in which state it shall be
performed, and shall be binding upon the Borrower, and its legal
representatives, successors, and assigns. Wherever possible, each provision of
the Loan Agreement and this Facility B Loan Note shall be interpreted in
such manner as to be effective and valid under applicable law, but if any
provision of the Loan Agreement or this Facility B Loan Note shall be
prohibited by or be invalid under such law, such provision shall be severable,
and be ineffective to the extent of such prohibition or invalidity, without
invalidating the remaining provisions of the Loan Agreement or this
Facility B Loan Note. The term “Borrower” as used herein shall mean all
parties signing this Facility B Loan Note, and each one of them, and all
such parties, their respective successors and assigns, shall be jointly and
severally obligated hereunder.

       

      This Note
is given in replacement, renewal, and/or extension of, but not extinguishing the
indebtedness evidenced by that promissory note dated October 3, 2008, as
amended, executed by ISI SECURITY GROUP, INC., in the original principal amount
of $5,000,000.00.  This Note is a modification only and not a
novation.  All interest evidenced by the note being replaced, renewed,
and/or extended by this instrument shall continue to be due and payable until
paid.

       

      IN
WITNESS WHEREOF, the Borrower has executed this Facility B Loan Note as of
the date set forth above.

       

      
        	

                ISI
      SECURITY GROUP, INC.,

                a
      Delaware Corporation

              
	 	 
	 	 
	By:   	/s/ Sam
      Youngblood  
	Name:  	Sam Youngblood
	Title:   	President

      

                    

      
        
          
          

        

        
          2Exhibit
10.1

    

    Synposis
of Agreement between Shanghai Sunplus Communication Technology Co., Ltd. And
Huizhou Liyin Electronics Co., Ltd. – Zhangzhou JiaXun Communication Facility
Co., Ltd.

    

    

    Date
of Agreement:

    

    December
31, 2008

    

    Parties
to Agreement:

    

    
      
        	
                Seller:

              	
                Shanghai
      Sunplus Communication Technology Co., Ltd., a 95% Chinese subsidiary of
      T-Bay Holdings, Inc. (“Sunplus”)

              
	 	 
	Purchaser:	Huizhou
      Liyin Electronics Co., Ltd.
(“Huizhou”)

      

    

     

    Terms:

    

    Sunplus
is selling 100% interest of its wholly-owned subsidiary Zhangzhou JiaXun
Communication Facility Co., Ltd. to Huizhou at a price of RMB5,000,000, with an
initial payment of RMB500,000 to be paid within two days of the date of the
agreement and the remaining balance of RMB4,500,000 to be paid within three
months of the completion of the transaction.  The transaction is
expected to be completed by March 2009.Exhibit
10.2

      

      Synposis
of Agreement between Shanghai Sunplus Communication Technology Co., Ltd. And
Huizhou Liyin Electronics Co., Ltd. – Fujian QiaoXing Industry Co.,
Ltd.

      

      

      Date
of Agreement:

      

      December
31, 2008

      

      Parties
to Agreement:

      

      
        
          	
                  Seller:

                	
                  Shanghai
      Sunplus Communication Technology Co., Ltd., a 95% Chinese subsidiary of
      T-Bay Holdings, Inc. (“Sunplus”)

                
	 	 
	Purchaser:	Huizhou
      Liyin Electronics Co., Ltd.
(“Huizhou”)

        

      

       

      Terms:

      

      Sunplus
is selling 80% interest of its subsidiary Fujian QiaoXing Industry Co., Ltd. to
Huizhou at a price of RMB84,000,000, with an initial payment of RMB2,000,000 to
be paid within two days of the date of the agreement and the remaining balance
of RMB82,000,000 to be paid within three months of the completion of the
transaction.  The transaction is expected to be completed by March
2009.December
31, 2008

     

    Bohn H.
Crain

    Radiant
Logistics, Inc., CEO

    1227 120
Avenue NE

    Bellevue,
WA  98005

    

    RE:
Modification to Employment Agreement

    

    Dear
Bohn:

    

    This
letter agreement is intended to constitute a formal binding modification to your
Employment Agreement with Radiant Logistics, Inc. (the “Company”) effective
January 13, 2006 (the “Employment Agreement”).  Prior to the
amendments made in this letter agreement, the Employment Contract was operated
in good faith compliance with Section 409A of the Code, including, as
applicable, IRS Notice 2005-1 and the Proposed Treasury Regulations issued with
respect to Section 409A of the Code for taxable years beginning prior to January
1, 2009.  The Employment Agreement is hereby modified, effective for
the tax year beginning January 1, 2009, as follows:

     

    1.           Section
2.2 of the Employment Agreement shall be the Employment Agreement shall be
amended by deleting the section in its entirety and replacing it with the
following:

     

    “Subject
to the provisions of Section 6, the Employment Period for the Executive's
employment under this Agreement will continue through December 31, 2013, and
shall be automatically renewed for consecutive one-year renewal terms
thereafter, unless, not less than sixty (60) days prior to the end of the
original term or any renewal term, either party gives the other party written
notice of termination of employment which termination shall be effective as of
the end of such original term or renewal term. In the event of a Change of
Control during the original term or any renewal term, the Employment Period for
the Executive’s employment under this Agreement will be automatically extended
to a five (5) year term.

     

    2.           Section
3.1(d) shall be added to the Employment Agreement by inserting the
following:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    “(d)           Timing of
Payments.  Any bonus payments due to Executive under Section
3.1(b) of this Agreement  and any reimbursement payments due to
Executive under Section 3.1(c) of this Agreement shall be made no later than the
fifteenth (15th) day of
the third (3rd) month
of the year following the year in which the payment and/or reimbursement was
earned or accrued.”

     

    3.           Section
6.2 of the Employment Agreement shall be amended by deleting the section in its
entirety and replacing it with the following:

     

    “6.2           TERMINATION
PAY

     

    Effective upon the termination of
Executive’s employment under this Agreement, which termination constitutes a
separation from service as defined in Treasury Regulations § 1.409A-1(h), as
promulgated under Section 409A of the Code, the Employer will be obligated to
pay the Executive (or, in the event of his death, his designated beneficiary as
defined below) the compensation provided in this Section 6.2:

     

    (a)           Termination by the Employer
For Cause or Termination by Executive Without Good Reason. If the
Employer terminates this Agreement for cause or Executive resigns or terminates
his employment for other than Good Reason, the Executive will be entitled to
receive his Basic Compensation only through the date such termination is
effective and any current and carried-over unused vacation days, but will not be
entitled to any accrued bonus compensation for the calendar year during which
such termination occurs, however, will be entitled to retain any bonus
compensation paid prior to such termination. Executive's options will be
treated, in this case, as set forth in any option agreement between Executive
and Employer.

     

    (b)           Termination upon
Disability. If this Agreement is terminated by either party as a result
of the Executive's Disability, the Employer will continue to pay the Executive
his Basic Compensation for a period of one (1) year following such termination,
set-off by any disability insurance benefits payable to Executive under any
disability insurance coverage furnished by the Employer to the Executive.
Executive shall also be entitled to receive that part of the Executive's accrued
bonus compensation, if any, for the calendar year during which his Disability
occurs, prorated through the end of the calendar quarter during which his
termination is effective. If this Agreement is terminated as a result of the
Executive's Disability, Executive shall fully vest in 100% of all options which
Executive received in connection with his employment by Employer, and Executive
shall have the full term of such Options in which to exercise any or all of
them, notwithstanding any accelerated exercise period contained in any such
Option.

     

    (c)           Termination upon
Death. If this Agreement is terminated because of the Executive's death,
Employer will continue to pay Executive's estate his Basic Compensation for a
period of one (1) year, and that part of the Executive's accrued bonus
compensation, if any, for the calendar year during which his death occurs,
prorated through the end of the calendar month during which his death occurs. If
this Agreement is terminated as a result of the Executive's death, Executive
shall fully vest in 100% of all options which Executive received in connection
with his employment by Employer, and Executive shall have the full term of such
Options in which to exercise any or all of them, notwithstanding any accelerated
exercise period contained in any such Option.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

                   (d)           
Termination by
Executive For Good Reason or Termination by Employer Without Cause Prior to a
Change of Control. If prior to a Change of Control this Agreement is
terminated by Executive for Good Reason, or if this Agreement is terminated by
Employer other than For Cause then (i) Employer shall continue to pay to
Executive his Basic Compensation (including for this purpose the greater of
Executive's most recent annual bonus or his Target Incentive bonus), for the
remaining term under this Employment Agreement; and (ii) all options in Employer
which Executive received in connection with his employment by Employer shall
immediately vest and Executive shall have the full term of such Options in which
to exercise any or all of them, notwithstanding any accelerated exercise period
contained in any such Option.

     

    (e)           Termination by Executive For
Good Reason or Termination by Employer Without Cause Following a Change of
Control.  If following a Change of Control this Agreement is
terminated by Executive for Good Reason or by Employer other than For Cause,
then Employer shall within ten (10) days after the date of termination pay to
Executive in cash: (i) an amount equal to 2.99 times Executive's Basic
Compensation calculated at the rate in effect on the date of termination; (ii)
current and carried-over unused vacation days; and (iii) all other amounts to
which Executive is entitled, including (A) any bonus to which Executive would
have been entitled had he remained employed by Employer for a period of three
(3) years following the date of termination (calculated on an annual basis as
the greater of Executive’s most recent annual bonus or the Target Incentive
bonus) , (B) any expense reimbursement amounts accrued to the effective date of
termination, and (C) any amounts under any other benefit plan of the Employer,
in each case at the time such payments are due, which shall be no later than the
fifteenth (15th) day of
the third (3rd) month
in the year following the year in which the payment was earned or
accrued.  Also, for three years following the date of termination, the
Employer shall continue to provide Executive with all fringe benefits or the
economic equivalent thereof he was receiving as of the date of termination,
including, without limitation, all health, life and disability insurance he was
receiving immediately prior to the date of termination, or the economic
equivalent thereof, as if he were actually employed for that period. Moreover,
any Options held by Executive which were not fully exercisable on the date of
Executive's termination pursuant to this Section 6 shall vest and immediately
become fully exercisable by Executive upon the date of termination, and
Executive shall have the following term of such Options in which to exercise any
or all of them, notwithstanding any accelerated exercise period contained in any
such Option.

     

    Any installment payments made hereunder
shall be treated as separate payments for purposes of this Section
6.2.  Any bonus payments made to Executive under this Section 6.2
shall be paid in a lump sum amount within ninety (90) days of the date of
termination with the exact date being determined at the Employer’s sole
discretion.

     

    4.           Section
12.15 shall be added to the Employment Agreement by adding the
following:

     

    “12.15                                INTERNAL
REVENUE CODE SECTION 409A

     

    Notwithstanding any provision of this
Agreement to the contrary, if, as of the date on which the Executive sustains a
Separation from Service, the Executive is a “specified employee” within the
meaning of Section 409A(a)(2)(B)(i), then, to the extent necessary to avoid the
imposition of excise taxes or other penalties under Section 409A, the payment of
benefits, if any, scheduled to be paid by the Company to the Executive hereunder
during the first six (6) month period following the Date of a Termination shall
not be paid until the date which is the first business day following the
six-month anniversary of the Executive’s Date of Termination and continuing on
each applicable successive payroll date thereafter.  The foregoing
delay in payments shall not apply if the Date of Termination is a result of the
Executive’s death.  Further, the foregoing delay shall not apply after
such time, if any, following the Date of Termination and preceding the end of
the 6-month period that the Executive dies.  Any deferred compensation
payments delayed in accordance with the terms of this Section 12.15 shall be
paid in a lump sum on the first business day of the seventh month following the
Date of Termination and shall be adjusted for earnings in accordance with the
applicable short term rate under Section 1274(d) of the Code.  In
addition, the parties shall cooperate fully with one another to ensure
compliance with Section 409A, including, without limitation, adopting amendments
to arrangements subject to Section 409A and operating such arrangements in
compliance with Section 409A; provided, however, nothing in this Section 12.15
shall require the Executive to reduce his compensation.

     

    Notwithstanding any provision of this
Agreement to the contrary, the Company will pay the severance benefits under
this Agreement to Executive in substantially equal periodic installments in
accordance with the Company’s general payroll practices, beginning on the first
payroll date following the date of Executive’s termination of employment,
continuing on each applicable successive payroll date thereafter, and ending
when the applicable severance period under this Agreement ends.  For
all purposes of Section 409A of the Code and the related Treasury Regulations,
any severance pay due to Executive under this Agreement shall be treated as an
entitlement to a series of separate payments.”

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5.           Ratification.  Except
as expressly amended hereby, the Employment Agreement is hereby ratified and
confirmed in all respects and shall continue in full force and
effect.  This Amendment and the Employment Agreement shall hereafter
be read and construed together as a single document.

     

    6.           Amendments; Governing
Law.  This Amendment may not be changed orally but only by a
written instrument signed by the parties hereto.  This Amendment shall
be governed by and construed in accordance with the laws of the State of
Delaware without giving effect to the rules governing the conflicts of
laws.

     

    7.           Counterparts.  This
Amendment may be executed in any number of counterparts and by different parties
hereto on separate counterparts, each of which when so executed and delivered
shall be an original, but all of which counterparts taken together shall be
deemed to constitute one and the same instrument.

     

    8.           Miscellaneous.

     

    (a)           Capitalized
terms utilized in this Letter Agreement shall, unless otherwise defined herein,
have the meaning ascribed under the Employment Agreement;

     

    (b)           Except
as set forth in this Letter Agreement, the Employment Agreement shall remain in
full force and effect.

     

    Kindly
place your signature on the line provided below indicating your agreement to the
terms set forth above.

     

    Sincerely,

    

    RADIANT
LOGISTICS, INC.

    

    

    BY: 
____________________________________

    Bohn H.
Crain

    CEO

    

    Accepted
by:

    

    

    ________________________________________

    BOHN H.
CRAIN

    

    DATED:
_________________________________

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