Document:

Employment Agreement Amendment

 Exhibit 10.1 
  
 EMPLOYMENT AGREEMENT AMENDMENT 
  
 This Employment Agreement Amendment, made effective October 1, 2004, shall serve to amend the original Employment Agreement and attached
Schedules (hereinafter collectively referred to as “Employment Amendment”) executed on or about November 22, 2000 and the Employment Amendment and Attached Schedules (hereinafter “Amendment”) effective September 30, 2001 by and
between Emplifi, Inc, now known as iGate Mastech Inc., (hereinafter referred to as “Company”) and iGate Capital Corporation now known as iGate Corporation, (herein after referred to as “Parent”) and Mr. Steven J. Shangold (herein
after referred to as “Employee”). 
  
 WITNESSETH

  
 WHEREAS, Schedule “A” to the Amendment sets forth the
Compensation payable to the Employee in accordance with paragraph 3 of the Employment Agreement. 
  
 NOW, THEREFORE, in consideration of the mutual covenants, promises and Amendments herein contained, the parties hereto, intending to be legally bound hereby, covenant and agree as follows: 
  

	1)	Schedule “A” of the Amendment is hereby voided. 

  

	2)	The attached new Schedule “A” shall supercede the voided Schedule “A”. 

  

	3)	All other sections of the Employment Agreement and Amendment, including Schedule “C” to the Amendment dated September 30, 2001, shall remain in effect, except as noted
above. 

  

	4)	EMPLOYEE ACKNOWLEDGES THAT HE HAS READ THIS AMENDMENT IN ITS ENTIRETY. EMPLOYEE ACKNOWLEDGES THAT HE HAS HAD THE OPPORTUNITY TO CONFER WITH ANYONE OF HIS CHOICE, INCLUDING LEGAL
COUNSEL, CONCERNING THIS AMENDMENT. BY SIGNING BELOW, EMPLOYEE ACKNOWLEDGES THAT HE IS ENTERING INTO THIS AMENDMENT VOLUNTARILY AND INTENDS TO BE BOUND BY IT. 

  
 IN WITNESS WHEREOF, the authorized representatives of Company and Parent have acknowledged and executed this Amendment, and the
Employee has hereby caused this Amendment to be executed all as of the day and year first above written. 
  

 Page 1 

							
	ATTEST:	 	 	 	 	 	 
			
	 /s/    Mike Zugay        

	 	 	 	 /s/    Steven J. Shangold        

	 	 	 	 	 Employee: Mr. Steven J. Shangold

			
	ATTEST:	 	 	 	iGate Mastech Inc.
				
	 /s/    Mike Zugay        

	 	 	 	 By:
	 	 /s/    Dan Daugherty        

	 	 	 	 	 Title:
	 	 Secretary

			
	ATTEST:	 	 	 	iGate Corporation
				
	 /s/    Dan Daugherty        

	 	 	 	 By:
	 	 /s/    Mike Zugay        

	 	 	 	 	 Title:
	 	 Senior Vice President, Chief Financial Officer

  

 Page 2 

 Schedule A 
  

1. Position: Chief Executive Officer; Executive shall report in such capacity to Company’s Board of Directors. 
  
 2. Base Salary: $150,000 for 2004. Thereafter, Executive’s base salary shall be
determined in good faith by the Company’s Board of Directors. 
  
 3.
Bonus: Executive shall be entitled to an annual bonus of $350,000 based on achieving 100% of the agreed upon goals. Said bonus shall be payable in quarterly installments. The bonus shall be proportionately prorated based on the percentage
achievement of the agreed upon goals. The parties will agree prior to January 31 of the applicable year to the specific formula to be followed to determine Executive’s entitlement to bonus. Executive’s bonus for the period prior to October
1, 2004 shall not be effected by this Schedule “A”. 
  
 4.
Benefits: Executive is eligible for standard company benefits in the same manner as other executives of the Company. 
  
 5. Severance: In the event of a termination of Executive “without cause”, Executive shall be paid twelve (12) months severance (“Severance
Period”) at a rate of $150,000 per annum. All payments referenced herein, less appropriate deductions, will be paid as salary continuation pursuant to the Company’s regular schedule and payroll practices. Executive shall be entitled to
continue in the Company’s health, dental, vision and life insurance plans at the same level as other executives during the Severance Period. In addition, Executive’s Restricted Shares and stock options will continue to vest during the
Severance Period. Executive acknowledges that the payment of any severance is conditioned upon Executive first signing a release of all claims against the Company and the Parent in a form similar to that previously provided to Executive. 

 
 6. Restricted Shares: Executive shall be granted 80,000 Restricted Shares of Parent
at $0 value. Such Restricted Shares shall vest in equal quarterly installments over a two year period, with the initial vesting to occur on January 1, 2005. 
  
 7. Stock Options: Executive has received 120,000 non-qualified stock options pursuant to the iGate Capital Corporation Second Amended and Restated 1996 Stock
Incentive Plan and the Executive’s Stock Option Agreement. The grant date for these options was October 3, 2001 at an exercise price of $1.93. These options will vest in equal quarterly installments over a three year period commencing on
January 1, 2005. Executive shall receive an additional 120,000 non-qualified stock options pursuant to the iGate Capital Corporation Second Amended and Restated 1996 Stock Incentive Plan and the Executive’s Stock Option Agreement. The grant
date for these options shall be October 1, 2004 at an exercise price equal to the closing price of the Parent’s stock on September 30, 2004. These options will vest in equal quarterly installments over a four year period commencing on January
1, 2007. All of Executive’s previously vested stock options in the Company shall remain in full force effect. 

									
	 BY:
	 	 /s/    Sunil Wadhwani

	 	 	 	 BY:
	 	 /s/    Steven J. Shangold        

	 	 	 Sunil Wadhwani
	 	 	 	 	 	 Steven J. Shangold

					
	 Date:
	 	 October 1, 2004
	 	 	 	 Date:
	 	October 1, 2004Statused Revolving Term Loan Supplement

 Exhibit 10.10 
  
 Loan No. RICF103S01 
  
 STATUSED REVOLVING CREDIT SUPPLEMENT 
  
 THIS SUPPLEMENT to the Master Loan Agreement dated May 5, 2004 (the “MLA”), is entered into as of May 5, 2004, between CoBANK, ACB
(“CoBank”) and FGDI, L.L.C., West Des Moines, Iowa, (“Company”), and amends and restates the Supplement dated June 19, 2003, and numbered CF103S01E 
  
 SECTION 1. The Revolving Credit Facility. On the terms and conditions set forth in the MLA and this
Supplement, CoBank agrees to make loans to the Company during the period set forth below in an aggregate principle amounts not to exceed at any one time outstanding, the lesser of (i) the “Borrowing Base” (as calculated pursuant to
the Borrowing Base Report attached at Exhibit A), (ii) $80,000,000.00 (the “Commitment”) or (iii) an amount when combined with outstandings under Statused Revolving Credit Supplement No. RICF103S04, dated May 5, 2004 (“Supplement
S04”) and outstandings under Statused Revolving Term Loan Supplement No. RICF103T01, dated May 5, 2004 (“Supplement T01”) between CoBank and the Company, that does not exceed the Borrowing Base. Within the limits of the Commitment, as
such Commitment may be reduced by the above terms, the Company may borrow, repay and reborrow. 
  
 SECTION 2. Purpose. The purpose of the Commitment is to finance the inventory and receivables referred to in the Borrowing Base Report. 
  
 SECTION 3. Term. The term of the Commitment shall be from the date hereof, up to and including April 1, 2005
or such later date as CoBank may, in its sole discretion, authorize in writing (the “Maturity Date”). 
  
 SECTION 4. Interest. The Company agrees to pay interest on the unpaid balance of the loans in accordance with one or more of the following
interest rate options, as selected by the Company. 
  
 (A)
Weekly Quoted Variable Rate. At a rate per annum equal at all times to the rate of interest established by CoBank on the first Business Day of each week. The rate established by CoBank shall be effective until the first Business Day of
the next week. Each change in the rate shall be applicable to all balances subject to this option and information about the then current rate shall be made available upon telephonic request. 
  
 (B) LIBOR. At a fixed rate per annum equal to “LIBOR”
(as hereinafter defined) plus 11⁄2%. Under this option: (1) rates may be fixed for “Interest Periods” (as hereinafter defined) as of 1, 2, 3, 6, 9 or 12 months, as selected by the Company; (2) amounts may be fixed in increments of
$1,000,000.00 or multiples thereof; (3) the maximum number of fixes in place at any one time shall be 10; and (4) rates may only be fixed on a “Banking Day” (as hereinafter defined) on 3 Banking Days’ prior written notice. For
purposes hereof: (a) “LIBOR” shall be the rate (rounded upward to the nearest sixteenth and adjusted for reserves required on “Eurocurrency Liabilities” (as hereinafter defined) for banks subject to “FRB 

  

 
Regulation D” (as herein defined) or required by any other federal law or regulation) quoted by the British Bankers Association (the “BBA”) at
11:00 a.m. London time 2 Banking Days before the commencement of the Interest Period for the offering of U.S. dollar deposits in the London interbank market for the Interest Period designated by the Company, as published by Bloomberg or another
major information vendor listed on BBA’s official website; (b) “Banking Day” shall mean a day on which CoBank is open for business, dealings in U.S. dollar deposits are being carried out in the London interbank market, and banks are
open for business in New York City and London, England; (c) “Interest Period” shall mean a period commencing on the date this option is to take effect and ending on the numerically corresponding day in the next calendar month or the month
that is 2, 3, 6, 9 or 12 months thereafter, as the case may be; provided, however, that: (i) in the event such ending day is not a Banking Day, such period shall be extended to the next Banking Day unless such next Banking Day falls in the next
calendar month, in which case it shall end on the preceding Banking Day; and (ii) if there is no numerically corresponding day in the month, then such period shall end on the last Banking Day in the relevant month; (d) “Eurocurrency
Liabilities’ shall have meaning as set forth in “FRB Regulation D”; and (e) “FRB Regulation D” shall mean Regulation D as promulgated by the Board of Governors of the Federal Reserve System, 12 CFR Part 204, as amended.

  
 The Company shall select the applicable rate option at the
time it requests a loan hereunder and may, subject to the limitations set forth above, elect to convert balances bearing interest at the variable rate option to one of the fixed rate options. Upon the expiration of any fixed rate period, interest
shall automatically accrue at the variable rate option unless the amount fixed is repaid or fixed for an additional period in accordance with the terms hereof. Notwithstanding the foregoing, rates may not be fixed for periods expiring after the
maturity date of the loans. All elections provided for herein shall be made electronically (if applicable), telephonically or in writing and must be received by CoBank not later than 12:00 Noon Company’s local time in order to be considered to
have been received on that day; provided, however, that in the case of LIBOR rate loans, all such elections must be confirmed in writing upon CoBank’s request. Interest shall be calculated on the actual number of days each loan is outstanding
on the basis of a year consisting of 360 days and shall be payable monthly in arrears by the 20th day of the
following month or on such other day in such month as CoBank shall require in a written notice to the Company; provided, however, in the event the Company elects to fix all or a portion of the indebtedness outstanding under the LIBOR interest rate
option above, at CoBank’s option upon written notice to the Company, interest shall be payable at the maturity of the Interest Period and if the LIBOR interest rate fix is for a period longer than 3 months, interest on that portion of the
indebtedness outstanding shall be payable quarterly in arrears on each three-month anniversary of the commencement date of such Interest Period, and at maturity. 
  
 SECTION 5. Promissory Note. The Company promises to repay the unpaid principal balance of the loans on the
last day of the term of the Commitment. In addition to the above, the Company promises to pay interest on the unpaid principal balance of the loans at the times and in accordance with the provisions set forth in Section 5 hereof. This note replaces
and supercedes, but does not constitute payment of the indebtedness evidenced by, the promissory note set forth in the Supplement being amended and restated hereby. 
  

 -2- 

 SECTION 6. Borrowing Base Reports, Etc. The Company agrees to furnish a Borrowing Base
Report to CoBank at such times or intervals as CoBank may from time to time request. Until receipt of such a request, the Company agrees to furnish a Borrowing Base Report to CoBank within 30 days after each month end calculating the Borrowing Base
as of the last day of the month for which the Report is being furnished. However, if no balance is outstanding hereunder on the last day of such month, then no Report need be furnished. Regardless of the frequency of the reporting, if at any time
the amount outstanding under the Commitment exceeds the Borrowing Base, the Company shall immediately notify CoBank and repay so much of the loans as is necessary to reduce the amount outstanding under the Commitment to the limits of the Borrowing
Base. 
  
 SECTION 7. Commitment Fee. In
consideration of the Commitment, the Company agrees to pay to CoBank a commitment fee on the average daily unused portion of the Commitment, at the rate of 15 basis points per annum (calculated on a 360 day basis), payable quarterly in arrears by
the 20th day following each calendar quarter. Such fee shall be payable for each calendar quarter (or portion
thereof) occurring during the original or any extended term of the Commitment. For the purposes of calculating the commitment fee only, the “Commitment” shall mean the dollar amount specified in Section 1 hereof, irrespective of the
Borrowing Base. 
  
 IN WITNESS WHEREOF, the parties have caused
this Supplement to be executed by their duly authorized officers as of the date shown above. 
  

									
	 COBANK, ACB
	 	 	 	 FGDI, L.L.C.

					
	By:	 	 	 	 	 	By:	 	 
					
	 Title:
	 	 	 	 	 	 Title:
	 	 

  

 -3- 

 SEASONAL BORROWING BASE REPORT 
  
 CoBANK, ACB 
  

					
	 NAME OF BORROWER:
 FGDI, LLC
	 	 CITY, STATE:
 West Des Moines, Iowa
	 	 FOR PERIOD ENDING (DATE):
  

  
 PART A - ELIGIBLE
INVENTORY & GRAIN ADVANCES 
  
 For purposes hereof, ELIGIBLE INVENTORY
shall mean inventory which: (a) is of a type shown below; (b) is owned by the Company and not held by the Company on consignment or on a similar basis; (c) is not subject to a lien except in favor of CoBank; and (d) is in a commercially marketable
condition. ELIGIBLE GRAIN ADVANCES shall mean advances paid by the Company for grain evidenced by a bill of lading and contract that establishes the specific grain volume and price. 
  

										
	 INVENTORY

	  	VALUE AT MARKET
INCLUDING FREIGHT

	  	ADVANCE
RATE

	 	 	MAXIMUM ADVANCE
ALLOWABLE

	 Wheat
	  	 	 	  	80	%	 	$	                    
	 Corn
	  	 	 	  	80	%	 	$	 
	 Milo
	  	$	                    	  	80	%	 	$	 
	 Soybeans
	  	 	 	  	80	%	 	$	 
	 Oats & Other Commodities
	  	 	 	  	80	%	 	$	 
	 Fertilizer
	  	 	 	  	50	%	 	$	 
	 Total Inventory
	  	$	 	  	 	 	 	 	 
	 Grain Advances
	  	$	 	  	80	%	 	$	 
	 Net of Advances without Ownership
	  	$	 	  	 	 	 	 	 
	 Margin Deposits on Hedges at the Boards of Trade
	  	 	 	  	90	%	 	$	 
	 	  	 	 	  	 	 	 	
	

	 Total Part A:                    
Eligible Inventory
	  	$	 	  	 	 	 	$	 

  
 PART B - ELIGIBLE
RECEIVABLES 
  
 For purposes hereof, ELIGIBLE RECEIVABLES shall mean rights to
payment for goods sold and delivered or for services rendered which (a) are not subject to any dispute, set-off, or counterclaim; (b) are not owning by an account debtor that is subject to a bankruptcy, reorganization, receivership or like
proceeding; (c) are not subject to a lien in favor of any third party, other than liens authorized by CoBank in writing which are subordinate to CoBank’s lien; (d) are not owed by a foreign account debtor unless covered by a letter of credit
issued by a bank acceptable to CoBank, except that receivables from account debtors in Canada shall be allowed in cases where Borrower has provided satisfactory evidence that CoBank has a perfected first priority security interest in such
receivables; (e) are less than 60 days from settlement date; (f) do not exceed a 50% cross-age maximum and (f) are not owing by an account debtor that is owned or controlled by the Company. 
  

												
	 AGING OF ELIGIBLE RECEIVABLES

	  	AMOUNT

	  	ADVANCE
RATE

	 	 	MAXIMUM ADVANCE
ALLOWABLE

	 Total Accounts Receivables
	  	$	                    	  	 	 	 	 	 
	 Less:
	 	Foreign Accounts Receivable that are not covered by letters of credit issued by a bank acceptable to CoBank	  	$	 	  	 	 	 	 	 
	 Less:
	 	Canadian Debtor Accounts Receivable that CoBank does not have a first priority security interest	  	$	 	  	 	 	 	 	 
	 Less:
	 	Non-Trade Accounts Receivable	  	$	 	  	 	 	 	 	 
	 Less:
	 	Related Company Accounts Receivable	  	$	 	  	 	 	 	 	 
	 Less:
	 	Receivables > 60 days from settlement date	  	$	 	  	 	 	 	 	 
	 Less:
	 	Cross-Age Accounts Receivable > 50% for accounts that are not supported by either: a) letters of credit issued by a bank acceptable to CoBank, or b) a 35% cash deposit and 65% CCC
Guarantee	  	$	 	  	 	 	 	 	 
	 Less:
	 	Contra Accounts	  	$	 	  	 	 	 	 	 
	Subtotal                     Eligible Trade Receivables	  	$	 	  	85	%	 	$	                    
	 Plus:
	 	Receivables from Foreign Accounts that are supported by a 35% cash deposit and 65% CCC guarantee and are less than 120 days from settlement date	  	$	 	  	60	%	 	$	 
	 	 	 	  	
	
	  	 	 	 	
	

	 Total Part B: Eligible Trade Receivables
	  	 	 	  	 	 	 	$	 

  

  
 PART C - BORROWING BASE CALCULATION 
  

									
	Subtotal (totals from Parts A and B)	  	 	 	 	$	                    
	 Less:
	 	Advances from Customers (Current Liability)	  	100	%	 	$	 
	 Less:
	 	Grain Payables to Producers with Prior Liens	  	 	 	 	$	 
	BORROWING BASE	  	 	 	 	$	 
	 Less:
	 	Outstanding Balance of Supplements (as of End of Period), not to exceed $120,000,000	  	 	 	 	$	 
	 	 	 	  	 	 	 	
	

	Excess or Deficit (as of End of Period)	  	 	 	 	$	 
	 	 	 	  	 	 	 	
	

  
 NOTE: IF DEFICIT
EXISTS, REMIT AMOUNT TO CoBANK, ACB 
  
 I HEREBY CERTIFY THAT THIS INFORMATION IS
CORRECT. 
  

					
	 AUTHORIZED SIGNATURE:
	 	 TITLE:
	 	 DATE:

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