Document:

TII Network technologies, Inc.
 1385 Akron Street
 Copiague, New York 11726	March 20, 2012

 

 

 

Ladies and Gentlemen: 

 

Reference
is hereby made to the Credit Agreement dated as of December 15, 2006 between TII Network technologies, Inc. (the “Borrower”)
and JPMorgan Chase Bank, N.A. (the “Bank”) (as amended from time to time, the “Agreement”). Capitalized
terms not define herein shall have the meaning set forth in the Agreement.

 

Compliance
with Section 5.2(L) of the Agreement is hereby waived for the fiscal year period ending December 31, 2011.

 

The
waiver provided for herein is conditioned upon payment to the Bank of a waiver fee in the amount $1,000.00 together with payment
of the Bank’s reasonable counsel fees for the preparation of his waiver.

 

Please
do not hesitate to contact the undersigned with any questions or comments.

 

 

 

Very truly yours,

 

JPMorgan
Chase Bank, N.A. 

 

 

By: ./s/ Garrett J. FitzSimons

Name: Garrett J. FitzSimons

Title: Authorized SignatoryExhibit 10.8

 

Amendment No. 5 To Employment Agreement

 

Amendment No. 5, dated
as of December 5, 2011, by and between The Berkshire Bank, a New York banking corporation ("Employer"), and Moses Krausz
("Employee"), to the Agreement, dated as of May 1, 1999, between Employer and Employee (the "Employment Agreement").

 

WITNESSETH:

 

WHEREAS, Employer and
Employee entered into the Employment Agreement; and

 

WHEREAS, Employer and
Employee wish the amend the terms of the Employment Agreement with respect to the term thereof.

 

NOW, THEREFORE, in
consideration of the covenants herein contained, the parties hereto hereby agree as follows:

 

1.           Paragraph 3 of
the Employment Agreement shall be amended to read in its entirety as follows:

 

		"3.	Term of Employment. The employment by Employer of
Employee pursuant hereto shall commence as of the date hereof and, subject to the provisions of paragraph 4 hereof, shall terminate
on April 30, 2013; provided, however, that Employee's employment hereunder shall be automatically renewed for up to three additional
periods of one year each unless Employee or Employer notifies the other, not less than 60 days nor more than 90 days prior to
the expiration of Employee's then current employment period, that he or it elects not to extend Employee's employment hereunder
beyond the expiration date of the then current employment period."

 

2.          The increases in
Employee's base salary set forth in Section 2.1 of the Employment Agreement shall be applicable for the periods of employment May
1, 2011 to April 30, 2012 and May 1, 2012 to April 30, 2013, respectively, and, if the Employee's employment is extended beyond
April 30, 2013 as set forth in the amended Paragraph 3, for each year thereafter.

 

3.          Except as otherwise
amended hereby, the Employment Agreement shall continue in full force and effect unamended from and after the date hereof.

 

IN WITNESS WHEREOF,
this Amendment No. 5 has been executed and delivered by the parties hereto as of the date first above written.

 

	 	THE BERKSHIRE BANK
	 	 
	 	By:	/s/ Moses Marx
	 	 	Moses Marx
	 	 	Chairman of the Board
	 	 	 
	 	 	/s/ Moses Krausz
	 	 	MOSES KRAUSZExhibit 10.9

 

Amendment No. 5 To Employment Agreement

Amendment No. 5, dated
as of December 2, 2011, by and between The Berkshire Bank, a New York banking corporation ("Employer"), and David Lukens
("Employee"), to the Agreement, dated as of January 1, 2001, between Employer and Employee (the "Employment Agreement").

 

WITNESSETH:

 

WHEREAS, Employer and
Employee entered into the Employment Agreement; and

 

WHEREAS, Employer and
Employee wish the amend the terms of the Employment Agreement with respect to the term thereof.

 

NOW, THEREFORE, in
consideration of the covenants herein contained, the parties hereto hereby agree as follows:

 

1.           Paragraph 3 of the Employment
Agreement shall be amended to read in its entirety as follows:

 

		"3.	Term of Employment. The employment by Employer of
Employee pursuant hereto shall commence as of the date hereof and, subject to the provisions of paragraph 4 hereof, shall terminate
on June 30, 2013; provided, however, that Employee's employment hereunder shall be automatically renewed for up to three additional
periods of one year each unless Employee or Employer notifies the other, not less than 60 days nor more than 90 days prior to
the expiration of Employee's then current employment period, that he or it elects not to extend Employee's employment hereunder
beyond the expiration date of the then current employment period."

  

2.           Except as otherwise
amended hereby, the Employment Agreement shall continue in full force and effect unamended from and after the date hereof.

 

IN WITNESS WHEREOF,
this Amendment No. 5 has been executed and delivered by the parties hereto as of the date first above written.

 

	 	THE BERKSHIRE BANK
	 	 
	 	By:	/s/ Moses Krausz
	 	 	President and CEO
	 	 	 
	 	 	/s/ David LukensFIRST AMENDMENT TO RIGHTS AGREEMENT

 

THIS FIRST AMENDMENT
(this “First Amendment”), dated as of March 26, 2012, to the Rights Agreement dated as of September
7, 2010 (the “Rights Agreement”), is made by and between GlobalOptions Group, Inc., a Delaware corporation (the
“Company”), and Continental Stock Transfer & Trust Company, a New York corporation, as rights agent (the
“Rights Agent”). Capitalized terms used but not defined herein shall have the meanings assigned thereto in the
Rights Agreement.

 

WHEREAS, the
Company may from time to time supplement or amend the Rights Agreement in accordance with the provisions of Section 26 thereof;

 

WHEREAS, the
Company desires to amend certain provisions of the Rights Agreement as set forth herein; and

 

WHEREAS, the Company has instructed
the Rights Agent to enter into this First Amendment, and an officer of the Company has certified that this First Amendment is in
compliance with the terms of Section 26 of the Rights Agreement.

 

NOW, THEREFORE, in consideration
of the premises and mutual agreements set forth in the Rights Agreement and this First Amendment, and for other good and valuable
consideration, the parties hereto agree as follows:

 

1. Amendment of
Section 1. Section 1 of the Rights Agreement is hereby amended by deleting the definition of “Acquiring Person”
in its entirety and inserting the following in place thereof:

 

““Acquiring
Person” shall mean any Person who or which, alone or together with all Affiliates and Associates of such Person, shall
be the Beneficial Owner of more than 10% of the Common Shares then outstanding, but not including (a) the Company, any Subsidiary
of the Company, any employee benefit or compensation plan of the Company or of any of its Subsidiaries or any Person organized,
appointed or established by the Company and holding Common Shares for or pursuant to the terms of any such employee benefit or
compensation plan, (b) any such Person who or which, alone or together with all Affiliates and Associates of such Person, has become
and is the Beneficial Owner of more than 10% of the Common Shares at the time outstanding solely as the result of (i) a change
in the aggregate number of Common Shares outstanding since the last date on which such Person acquired Beneficial Ownership of
any Common Shares or (ii) the acquisition by such Person or one or more of its Affiliates or Associates of Beneficial Ownership
of additional Common Shares if the Board determines that such acquisition was made in good faith without the knowledge by such
Person or one or more of its Affiliates or Associates that such Person would thereby become an Acquiring Person, which determination
of the Board shall be conclusive and binding on such Person, the Rights Agent, the holders of the Rights and all other Persons,
and (c) any such Person who would, as of the Close of Business on the date hereof, be an “Acquiring Person” pursuant
to the foregoing provisions of this definition (an “Excluded Person”), unless and until (i) such Excluded Person
shall acquire after the date hereof, without the prior approval of the Board, Beneficial Ownership of additional Common Shares
representing 1% or more of the then-outstanding Common Shares, other than as a result of a stock dividend, stock split or similar
transaction effected by the Company in which all holders of Common Shares are treated equally, or (ii) any other Person who is
the Beneficial Owner of Common Shares representing 1% or more of the then-outstanding Common Shares thereafter becomes an Affiliate
or Associate of such Excluded Person. Notwithstanding clause (b)(ii) of the prior sentence, if any Person that is not an Acquiring
Person due to such clause (b)(ii) does not reduce its percentage of Beneficial Ownership of Common Shares to 10% or less by the
Close of Business on the tenth calendar day after notice from the Company (the date of notice being the first day) that such Person’s
Beneficial Ownership of Common Shares would make it an Acquiring Person, such Person shall, at the end of such ten calendar day
period, become an Acquiring Person (and such clause (b)(ii) shall no longer apply to such Person). Notwithstanding the foregoing,
the Board may, in its sole discretion, determine that any Person shall not be deemed to be or have been an “Acquiring Person”
for any purposes of the Rights Agreement.”

 

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2. Amendment of
Section 3(b). The first sentence of Section 3(b) of the Rights Agreement is hereby amended by deleting it in its entirety and
inserting the following in place thereof:

 

“Until the earlier
of (i) the Close of Business on the tenth calendar day after such date on which the Company learns that a Person has become an
Acquiring Person and (ii) the Close of Business on the tenth calendar day (or, unless the Distribution Date shall have previously
occurred, such later date as may be specified by the Board of Directors of the Company), if any, as may be designated by the Board
following the commencement of, or first public disclosure of an intent to commence, a tender or exchange offer by any Person (other
than the Company, any Subsidiary of the Company, any employee benefit or compensation plan of the Company or of any of its Subsidiaries,
or any Person organized, appointed or established by the Company and holding Common Shares for or pursuant to the terms of any
such employee benefit or compensation plan) for outstanding Common Shares, if upon consummation of such tender or exchange offer
such Person could be the Beneficial Owner of more than 10% of the outstanding Common Shares (the Close of Business on the earlier
of such dates being the “Distribution Date”), (x) the Rights shall, except as otherwise provided in Section
3(c), be evidenced by the certificates for Common Shares registered in the names of the holders thereof, or, in the case of Common
Shares held in uncertificated form, by the transaction statement or other record of ownership of such Common Shares, and not by
separate Right Certificates, and (y) the Rights, including the right to receive Right Certificates, shall be transferable only
in connection with the transfer of the underlying Common Shares.”

 

3. Amendment of
Summary of Rights. The first sentence of the second paragraph of the Summary of Rights to Purchase Series A Junior Participating
Preferred Stock of GlobalOptions Group, Inc., which is attached as Exhibit C to the Rights Agreement, is hereby amended
by deleting it in its entirety and inserting the following in place thereof:

 

“Until the earlier
of (i) the close of business on the tenth calendar day after such time as the Company learns that a person or group (including
any affiliate or associate of such person or group), other than any person or group with beneficial ownership of more than 10%
of the outstanding Common Stock as of September 7, 2010 (only so long as such person or group does not increase its beneficial
ownership of Common Stock, subject to certain exceptions), has acquired, or obtained the right to acquire, beneficial ownership
of more than 10% of the outstanding Common Shares (any such person or group being called an “Acquiring Person”)
and (ii) the close of business on the tenth calendar day (or, unless the Distribution Date shall have previously occurred, such
later date as may be specified by the Board of Directors of the Company), if any, as may be designated by the Board following the
commencement of, or first public disclosure of an intention to commence, a tender or exchange offer for outstanding Common Shares
which could result in such person or group becoming the beneficial owner of more than 10% of the outstanding Common Shares (the
earlier of such dates being called the “Distribution Date”), the Rights will be evidenced by certificates for
Common Shares registered in the names of the holders thereof, or, in the case of Common Shares held in uncertificated form, by
the transaction statement or other record of ownership of such Common Shares, and not by separate Right Certificates.”

 

4. Full Force and
Effect. Except as expressly amended hereby, the Rights Agreement shall continue in full force and effect in accordance with
the provisions thereof.

 

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5. Governing Law.
This First Amendment shall be deemed to be a contract made under the law of the State of Delaware and for all purposes shall be
governed by and construed in accordance with the law of such State applicable to contracts to be made and performed entirely within
such State; provided, however, that all provisions regarding the rights, duties and obligations of the Rights Agent
shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made to be performed
entirely within such State.

 

6. Counterparts;
Effectiveness. This First Amendment may be executed in any number of counterparts and each of such counterparts shall for all
purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. This
First Amendment shall be effective as of the date hereof.

 

7. Descriptive Headings.
Descriptive headings of the several Sections of this First Amendment are inserted for convenience only and shall not control or
affect the meaning or construction of any of the provisions hereof.

 

8. Rights Agreement
as Amended. From and after the date hereof, any reference to the Rights Agreement shall mean the Rights Agreement as amended
hereby.

 

9. Severability.
If any term, provision, covenant or restriction of this First Amendment is held by a court of competent jurisdiction or other authority
to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this First Amendment
shall remain in full force and effect and shall in no way be affected, impaired or invalidated; provided, however,
that if the absence of such excluded provision shall, in the reasonable judgment of the Rights Agent, materially and adversely
affect its rights, immunities, duties or obligations under the Rights Agreement, the Rights Agent shall be entitled to resign on
the next Business Day.

 

[Signature Page to Follow]

 

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[Signature Page to First Amendment to Rights
Agreement]

 

IN WITNESS WHEREOF, this First Amendment
is effective as of the day and year first referenced above.

 

	 	GlobalOptions Group, Inc.
	 	 
	 	By:	
        /s/ Jeffrey O. Nyweide

	 	 	Name:	Jeffrey O. Nyweide
	 	 	Title:	Chief Financial Officer and Executive Vice President

 

	 	Continental Stock Transfer & Trust Company
	 	 
	 	By:	
        /s/ John W. Comer, Jr.

	 	 	Name:	John W. Comer, Jr.
	 	 	Title:	Vice President

 

CERTIFICATION AND INSTRUCTION TO RIGHTS
AGENT: The officer of the Company whose duly authorized signature appears above certifies that this First Amendment is in compliance
with the terms of Section 26 of the Rights Agreement and, on behalf of the Company, instructs the Rights Agent to enter into this
First Amendment.

 

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