Document:

Exhibit
10.3

 

FINANCIAL COUNSELING PROGRAM

Effective January 1, 2005

 

The
company shall provide financial counseling benefits to its officers, as
described in this program.

 

WHO
IS ELIGIBLE

 

Officers
of OfficeMax Incorporated holding the title of Senior Vice President or above are eligible for benefits under this program.  Spouses and dependents are not eligible.

 

WHAT
THE POLICY COVERS

 

Expenses
incurred by eligible executive officers for covered financial counseling
services provided by a professional of the officer’s choice will be reimbursed
or paid.  Reimbursements and payments
will be “grossed up” for taxes.  The
amount available under the program, including the tax gross-up amount, is a
maximum of $5,000 each calendar year. 
Unused amounts up to one year’s allowance ($5,000) may be carried over
from year to year.

 

The
program provides reimbursement or payment (up to the $5,000 limit, including
tax gross-up) for the following covered services:

 

•                  Investment planning

•                  Tax preparation

•                  Tax planning & compliance

•                  Estate planning

 

These
services may involve several providers, including accountants, lawyers, and/or
investment counselors.

 

WHAT
THE POLICY DOES NOT COVER

 

Expenses
for items in the following list are not covered under the policy:

 

•                  Services rendered prior to the date an
individual became eligible for coverage under this program.

•                  Services rendered for ineligible individuals
(e.g., tax preparation charges for a dependent’s tax return).

 

HOW
TO FILE A CLAIM

 

Invoices
for received services should be approved by the officer with his or her
signature and sent to the Compensation Manager in Itasca, together with a
request to 

 

 

either pay the provider directly (if the officer
has not already paid) or reimburse the officer (if the officer has already
paid).

 

PROGRAM
ADMINISTRATION

 

If
a dispute or disagreement arises regarding terms of coverage or benefits
provided under this policy, the officer must send a written notice of dispute
to the Compensation Manager.  The Company
has the sole authority to make final determinations regarding any claim for
benefits and the interpretation of this program.

 

TAXABILITY

 

All
benefits paid under this policy are considered taxable income to the officer,
are subject to tax withholding requirements, and will be reflected in Form W-2
earnings.

 

MISCELLANEOUS

 

The
Company reserves the right to change, modify or discontinue the benefits
offered under this program at any time. 
Eligible officers do not have any ongoing rights to any benefit other
than reimbursement/payment for covered expenses incurred before the date of the
change, modification or discontinuance.

 

Neither
this program nor any of the Company’s other policies or benefits programs
should be considered a contract for purposes of employment or payment of benefits.  Employment with OfficeMax is “at will” and
may be terminated at any time, with or without cause, by the associate or the
Company.Exhibit 10.4

 

Form
of

OFFICEMAX
INCORPORATED

2005 Annual
Incentive Award Agreement

 

This Annual Incentive Award (the “Award”), is granted
on February 10, 2005 (the “Award Date”), by OfficeMax Incorporated (“OfficeMax”)
to                                     
(“Awardee” or “you”) pursuant to the 2003 OfficeMax Incentive and Performance
Plan (the “Plan”) and pursuant to the following terms:

 

1.                                       The
Award is subject to all the terms and conditions of the Plan.  All capitalized terms not defined in this
Agreement shall have the meaning stated in the Plan.

 

2.                                       For purposes
of this Award, the following terms shall have the meanings stated below.

 

2.1.                              “Award
Period” means the 2005 calendar year.

 

2.2.                              “Base Salary”
means your annual pay rate in effect at the end of the Award Period, without
taking into account (a) any amounts deferred pursuant to an election under any
401(k) plan, pre-tax premium plan, deferred compensation plan, or flexible
spending account sponsored by OfficeMax or any subsidiary, (b) any incentive
compensation, employee benefit, or other cash benefit paid or provided under
any incentive, bonus or employee benefit plan sponsored by OfficeMax or any
subsidiary, or (c) any excellence award, gains upon stock option
exercises, restricted stock grants or vesting, moving or travel expense
reimbursement, imputed income, or tax gross-ups, without regard to whether the
payment or gain is taxable income to you.

 

2.3.                              “EBIT
dollars” means OfficeMax’s earnings from operations before interest and taxes,
as calculated by OfficeMax in its sole discretion.

 

2.4.                              “Net sales”
means the gross sales or revenues less returns, allowances, rebates, and
coupons for OfficeMax, as calculated by OfficeMax in its sole discretion.

 

2.5.                              “Return on
sales” means the ratio of reported operating profit to reported net sales for
OfficeMax during the Award Period, as calculated by OfficeMax in its sole
discretion.

 

2.6.                              “Sales
growth” means the percentage change in overall same location net sales for
OfficeMax during the Award Period, adjusted for store closures, store openings,
acquisitions, divestitures, and changes in fiscal periods, as calculated by
OfficeMax in its sole discretion.

 

3.                                       Your target
award percentage is       % of your Base Salary.

 

4.                                       The
Performance Goals applicable to your Award are sales growth, return on sales,
and EBIT dollars.  Your Award will be
calculated based on these Performance Goals, as follows:

 

4.1.                              Payout. 
Each Performance Goal is weighted equally.  Using the payout charts attached as Exhibit
1, a payout multiple will be identified for each Performance Goal.  Your target award percentage will be divided
by three, that number will be multiplied by the identified multiple, and the
resulting percentage will be applied to your Base Salary to determine your
actual Award for each Performance Goal.

 

4.2.                              General Terms. 
Payout multiples between numbers indicated on the chart will be
calculated using straight-line interpolation. 
Total payout (aggregate amount paid for all

 

 

three Performance
Goals) is capped at 2.25 times your target award percentage.  Individual payout for each Performance Goal
is capped at 2.25 times the applicable target award percentage.  Notwithstanding the Performance Goals and
formulas set forth above, no award will be earned or paid for the Award Period
unless OfficeMax has net income for the Award Period, as calculated by
OfficeMax in its sole discretion.

 

5.                                       This Award
will be paid in cash.

 

6.                                       If you
terminate employment before December 31, 2005, your Award will be treated as
follows:

 

6.1.                              If your
termination of employment is a direct result of the sale or permanent closure
of any facility or operating unit of OfficeMax or any subsidiary, or a bona
fide curtailment, or a reduction in workforce, as determined by OfficeMax in
its sole discretion, and you execute a waiver/release in the form required by
OfficeMax, or if your termination is a result of your death or total and
permanent disability, you will receive a pro rata Award, if an Award is paid,
based on the number of days during the Award Period that you were employed and
eligible compared to the total number of days in the Award Period.

 

6.2.                              If at the
time of your termination you are at least age 55 and have at least 10 years of
employment with OfficeMax, you will receive a pro rata Award, if an Award is
paid, calculated as provided in paragraph 6.1.

 

6.3.                              Except as
described in paragraphs 6.1 and 6.2, you must be employed by OfficeMax or its
subsidiary on the last day of the Award Period to be eligible to receive an
Award.  If you terminate employment for
any reason other than as described in paragraph 6.1 or 6.2, whether your
termination is voluntary or involuntary, with or without cause, you will not be
eligible to receive any Award for 2005.

 

7.                                       In the event
of a Change in Control (as defined in the Plan) prior to December 31, 2005, the
provisions of the Plan shall apply.

 

You
must sign this Agreement and return it to OfficeMax’s Executive Compensation
Department on or before                      ,
2005, in order for the Award to be effective. 
If this Agreement is not received by the Executive
Compensation Department on or before                       ,
2005, the Award will be forfeited.   
Return your executed Agreement to:                                                                ,
or fax your signed form to                                   .

 

	
  OfficeMax Incorporated

  	
   

  	
  Awardee

  
	
   

  	
   

  	
   

  
	
  By:EXHIBIT
10.2

 

FIRST AMENDING AGREEMENT TO THE

SHARE AND DEBT PURCHASE AGREEMENT

 

THIS AGREEMENT (the “Agreement”)
dated the 8th day of February, 2005 is made

 

BETWEEN:

 

1143928 ALBERTA LTD., a corporation duly organized and existing under the laws of the Province
of Alberta (“Purchaser”)

 

- and -

EXCO RESOURCES, INC., a corporation duly organized and existing under the laws of the State
of Texas (“EXCO”)

 

- and -

 

TAURUS ACQUISITION, INC., a corporation duly organized and validly existing under the laws of
the State of Texas (“Taurus”)

 

(EXCO and Taurus are herein collectively referred to as “Seller”)

 

WHEREAS:

 

A.                                   Seller and Purchaser executed the Share and
Debt Purchase Agreement dated the 12th day of January, 2005 (the “Purchase Agreement”), pursuant to which Seller agreed to
sell and Purchaser agreed to buy the Company Stock and the Taurus Notes, upon
the terms and subject to the conditions set forth therein.

 

B.                                     Seller and Purchaser now desire to amend the
Purchase Agreement on the terms and conditions herein contained.

 

NOW
THEREFORE, in consideration of the recitals and the mutual covenants and
agreements set forth in this Agreement and for such other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:

 

1.                                       Definitions.  Unless otherwise specified herein or the
context otherwise requires, capitalized terms utilized herein, including the
recitals hereof, will have the meanings given to them in Purchase Agreement.

 

2.                                       Amendments to the Purchase Agreement.

 

(a)                                  Taurus
Notes:  Effective as of the date
hereof, Section 2.3(a)(i)(A) of the Purchase Agreement is amended by deleting
the reference to “$97,874,177.10” therein and substituting “$108,325,788.83”
therefor.

 

 

(b)                                 Title
to Shares:  Effective as of the 12th
day of January, 2005, Section 3.1(d) of the Purchase Agreement is amended by
deleting the reference to “2.9(a)(xviii)” therein and substituting “2.9(a)(xvii)”
therefor.

 

3.                                       Headings.  The headings used in this Agreement are inserted
for convenience of reference only and shall not affect the construction or
interpretation of this Agreement.

 

4.                                       Severability.  If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced under any
Applicable Law, such provision shall be ineffective only to the extent of such
invalidity, illegality or unenforceability and all other conditions and
provisions of this Agreement shall nevertheless remain in full force and effect
so long as the economic or legal substance of the transactions contemplated
hereby, taken as a whole, is not affected thereby in a materially adverse
manner with respect to either party hereto.

 

5.                                       Amendment or Waiver.  This Agreement may be amended, modified,
supplemented, restated or discharged (and the provisions hereof may be waived)
only by one or more instruments in writing signed by the party hereto against
whom enforcement of the amendment, modification, supplement, restatement,
discharge or waiver is sought.

 

6.                                       Further Assurances.  The parties hereto shall take such further
reasonable actions and shall execute, acknowledge and deliver all such further
documents that are reasonably necessary or appropriate to consummate the
transactions contemplated hereby.

 

7.                                       Governing Law.  This Agreement shall in all respect be
subject to and be interpreted, construed and enforced in accordance with the
laws in effect in the Province of Alberta and the federal laws of Canada
applicable therein.

 

8.                                       Amendments and Supplements.  Any reference herein to
this Agreement shall be deemed to include reference to the same as it may be
amended, modified and supplemented from time to time.

 

9.                                       Enurement.  This Agreement shall be binding upon and
enure to the benefit of the parties hereto and their respective successors and
permitted assigns.

 

10.                                 Continuing
Effect.  Each
of the parties hereto acknowledges and agrees that the Purchase Agreement, as
amended by this Agreement, shall be and continue in full force and effect and
is hereby confirmed and the rights and obligations of all parties thereunder
shall not be affected or prejudiced in any manner except as specifically
provided for herein.

 

11.                                 Counterpart
Execution. 
This Agreement may be executed and delivered in separate counterparts
and delivered by one party hereto to the other by facsimile, each of which when
so executed and delivered shall be deemed an original and all such counterparts
shall together constitute one and the same agreement.

 

2

 

THIS AGREEMENT
has been executed effective the date first above written.

 

	
  1143928 ALBERTA LTD.

  	
   

  
	
   

  	
   

  
	
  By:

  	
    /s/
  JONATHAN LEXIER

  	
   

  	
   

  
	
  Name: Jonathan Lexier

  	
   

  
	
  Title: Chief Operating Officer

  	
   

  
	
   

  	
   

  
	
  By:

  	
    /s/
  PAUL E. BELLIVEAU

  	
   

  	
   

  
	
  Name: Paul E. Belliveau

  	
   

  
	
  Title: Vice President, Finance and CFO

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  EXCO RESOURCES, INC.

  	
  TAURUS ACQUISITION, INC.

  
	
   

  	
   

  
	
  By:

  	
    /s/
  J. DOUGLAS RAMSEY

  	
   

  	
  By:

  	
    /s/
  J. DOUGLAS RAMSEY

  	
   

  
	
  Name: J. Douglas Ramsey

  	
  Name: J. Douglas Ramsey

  
	
  Title: Vice President & CFO

  	
  Title: Vice President

  

 

3

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