Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.12    
  

THIS
PROMISSORY NOTE WAS ORIGINALLY ISSUED ON MAY 31, 2001, HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, AND IS SUBJECT TO RESTRICTIONS ON
TRANSFER CONTAINED HEREIN. THIS PROMISSORY NOTE IS ALSO SUBJECT TO CERTAIN SUBORDINATION PROVISIONS SET FORTH IN A SUBORDINATION AGREEMENT, DATED AS OF MAY 31, 2001, BY AND AMONG BANC OF AMERICA
COMMERCIAL FINANCIAL CORPORATION, AS AGENT, THE HOLDER HEREOF, CERTAIN HOLDERS OF OTHER PROMISSORY NOTES ISSUED BY SI INTERNATIONAL, INC. ("SII"), SII AND SI
INTERNATIONAL, L.L.C., AS AMENDED AND MODIFIED FROM TIME TO TIME. 

 
 

FORM OF    
    
    SI INTERNATIONAL, INC.    
    
    PROMISSORY NOTE    
  

	May 31, 2001	 	$                  

        SI
International, Inc., a corporation organized under the laws of the State of Delaware (the "Company"), hereby promises to pay
to                                         
     
(the "Holder"), the principal amount of $                  , together with interest thereon calculated from March 7, 2001 in accordance with the
provisions of this
promissory note (this "Note") 

        This
Note was issued on the date hereof (the "Date of Issuance") in connection with the issuance of promissory notes by the Company in the aggregate
principal amount of up to $5,000,000 on or about May 31, 2001 (collectively, the "Notes") to certain members of SI International, L.L.C. (the
"LLC"). 

        1.    Interest.    Interest shall accrue
at a rate of 8.5% per annum, compounded annually, on the unpaid principal amount of this Note outstanding from time to time. 

        2.    Payment of Principal and Interest on
Note.    

        (a)    Scheduled Payments.    The Company shall pay the outstanding principal amount of
this Note, together with all accrued and unpaid interest thereon, to the holder of this Note on May 31, 2007 (the "Maturity Date"); provided
that, subject to the terms and conditions of the LLC Agreement, the LLC shall have the option (the "Exchange Option") to require at any time and from time
to time all (but not less than all) the holders of the Notes to assign and deliver (pro rata based upon the outstanding principal amount of the Note held by each holder) all or any portion of the
principal amount of the Notes and any accrued and unpaid interest thereon to the LLC upon delivery of an exchange notice (the "Exchange Notice") to each such holder, in
consideration for which each holder shall be deemed to have made a Subsequent Capital Contribution (as defined in the LLC Agreement) in an amount equal to the principal amount of the Note and the
amount of accrued and unpaid interest thereon to be exchanged as specified in the Exchange Notice; further provided that in no event shall the amount of such deemed
Subsequent Capital Contribution by any holder as is called for in the Exchange Notice, when taken together with all previous Capital Contributions (as defined in the LLC Agreement) made by such
holder, exceed such holder's Capital Commitment (as defined in the LLC Agreement). In the event that less than all principal and interest of this Note is called for exchange, the Company shall issue
the Holder a new Note that evidences the unpaid principal and interest that has not been called for exchange (or shall pay the balance due in cash). 

        (b)    Optional Prepayments.    The Company may, at any time and from time to time,
prepay all or any portion of the outstanding principal amount of the Note (together with all accrued and unpaid interest on such principal amount); provided that any prepayment shall be made pro rata
among the holders of the Notes on the basis of the outstanding principal amount of the Note held by each holder. 

        3.    Subordination.    This Note is
subject to the terms and conditions of the Subordination Agreement, dated as of May 31, 2001, by and among the Holder, the other holders of the Notes, the Bank, the Company and the LLC, as
amended from time to time (the "Subordination Agreement"), the terms of which are incorporated herein by reference as if fully set forth at length herein. 

        4.    Definitions.    

        "Bank"
means Banc of America Commercial Financial Corporation, as Agent. 

        "LLC
Agreement" means that certain Second Amended and Restated Limited Liability Company Agreement of SI International, L.L.C. dated as of
December 29, 2000, as amended by Amendment No. 1 to Second Amended and Restated Limited Liability Company Agreement dated as of May 31, 2001 (as further amended and modified from
time to time in accordance with its terms). 

        "Person"
means an individual, a partnership, a corporation, an association, a limited liability company, a joint stock corporation, a trust, a joint venture,
an unincorporated organization, and a governmental entity or any department, agency, or political subdivision thereof. 

        5.    Assignment; Replacement;
Cancellation.    

        (a)    Restrictions on Transfer.    The holder of this Note agrees not to Transfer this
Note without the prior written consent of the Company, which consent may be withheld in its sole discretion. Any Transfer of this Note in violation of this
Section 5(a) shall be null and void. For purposes hereof, the term "Transfer" shall mean a sale, assignment, gift, exchange or any
other disposition of any interest in this Note. The restrictions set forth in this Section 5(a) shall not apply with respect to any Transfer of all or any portion
of the principal amount of this Note, together with accrued and unpaid interest thereon, by the Holder to the LLC or by the LLC to the Company. 

        (b)    Replacement.    Upon receipt of evidence reasonably satisfactory to the Company of
the ownership and the loss, theft, destruction or mutilation of the Note and, in the case of any such loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company,
or, in the case of any such mutilation, upon the surrender of the Note to Company at its principal office, the Company shall (at its expense) execute and deliver, in lieu thereof, a new Note
representing the same rights represented by such lost, stolen, destroyed or mutilated Note and dated so that there will be no loss of interest on such Note. Any Note in lieu of which any such new Note
has been so executed and delivered by Company shall not be deemed to be an outstanding Note for any purpose. 

        (c)    Cancellation.    After all principal and accrued interest owed on this Note have
been paid in full, this Note shall be surrendered to the Company for cancellation. 

        6.    Payments.    All payments to be
made to the holder of this Note shall be made in the lawful money of the United Stated of America in immediately available funds. 

        7.    Place of Payment.    Payments of
principal, interest, and other amounts shall be delivered to the Holder at the following address: 

135
S. LaSalle Street, Suite 3800

Chicago, IL 60603

Attention: James E. Crawford, III 

or
to such other address or to the attention of such other Person as specified by prior written notice to the Company. 

        8.    Business Days.    If any payment is
due, or any time period for giving notice or taking action expires, on a day which is not a business day, the payment shall be due and payable on, and the time period shall automatically be extended
to, the next business day immediately following, and interest shall continue to accrue at the required rate hereunder until any such payment is made. 

        9.    Governing Law.    All issues and
questions concerning the construction, validity, enforcement and interpretation of this Note and the exhibits and schedules hereto shall be governed by, and construed in accordance with, the laws of
the State of Delaware without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of
the laws of any jurisdiction other than the State of Delaware. In furtherance of the foregoing, the internal law of the State of Delaware shall control the interpretation and construction of this
Note, even though under their jurisdiction's choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply. 

        10.    Amendment.    The provisions of
the Notes may be amended, modified or waived in writing by the Company and the holder or holders of Notes representing a majority of the aggregate principal amount of the Notes then outstanding. 

*
* * * * 

        IN WITNESS WHEREOF, the Company has executed and delivered this Note on the Date of Issuance. 

	 	 	SI INTERNATIONAL, INC.
 
	

 	
 	

By:	

	 	 	Name:	

	 	 	Its:	

QuickLinks

Exhibit 10.12

FORM OF SI INTERNATIONAL, INC. PROMISSORY NOTEQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 4.1    
  

CERTIFICATE OF AMENDMENT

OF

ARTICLES OF INCORPORATION  

        Matthew P. Wagner and Lynn M. Hopkins hereby certify that: 

        1.    They
are the duly elected President and Chief Executive Officer and Chief Financial Officer of First Community Bancorp, a California corporation. 

        2.    The
first paragraph of Article FOURTH of the Articles of Incorporation of this corporation is amended to read as follows: 

        "(a)
The corporation is authorized to issue two classes of shares: Common and Preferred. The number of shares of Common Stock authorized to be issued is 30,000,000 and the number of
shares of Preferred Stock authorized to be issued is 5,000,000." 

        3.    The
foregoing amendment of the Articles of Incorporation has been duly approved by the board of directors. 

        4.    The
foregoing amendment of the Articles of Incorporation has been duly approved by the holder of all of the outstanding shares entitled to vote thereon in accordance with
Section 902 of the California Corporations Code. The total number of outstanding shares of each class entitled to vote with respect to the foregoing is 11,456,831. The number of shares voting
in favor of the amendment exceeded the vote required, which required vote was more than 50%. 

        The
undersigned declare under penalty of perjury under the laws of the State of California that the matters set forth in this certificate are true and correct of our own knowledge. 

	Date: September 6, 2002	 	 	 	 	 
	 	 	/s/  MATTHEW P. WAGNER      
	 	 
	 	 	Name:	Matthew P. Wagner	 	 
	 	 	Title:	President and Chief Executive Officer	 	 
	 	 	 	 	 	 
	

 	
 	

 	

 	
 	

 
	 	 	/s/  LYNN M. HOPKINS      
	 	 
	 	 	Name:	Lynn M. Hopkins	 	 
	 	 	Title:	Chief Financial Officer	 	 

QuickLinks

Exhibit 4.1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}]]