Document:

exv10w14w18

Exhibit 10.14.18

REVOLVING CREDIT NOTE

			
	 	 	 
	     $14,500,000.00
	 	February 10, 2009

     FOR VALUE RECEIVED, the undersigned (the “Borrower”), absolutely and unconditionally
promises to pay to the order of Danversbank (“Payee”) at the office of Sovereign Bank, as
Agent, at 75 State Street, Boston, Massachusetts 02109:

          (a) on the Maturity Date, the principal amount of FOURTEEN MILLION, FIVE HUNDRED THOUSAND
DOLLARS ($14,500,000.00) or, if less, the aggregate unpaid principal amount of Revolving Credit
Loans owing to the Payee pursuant to the Amended and Restated Credit Agreement dated as of July 9,
2008, as amended (as further amended, restated or supplemented from time to time, (the “Credit
Agreement”), by and among the Borrower and the Lenders; and

          (b) interest on the principal balance hereof from time to time outstanding from the date
hereof through and including the date on which such interest is computed pursuant to the Credit
Agreement, at the times and at the rates provided in the Credit Agreement.

     This Note evidences borrowings under, is subject to the terms and conditions of and has been
issued by the Borrower in accordance with the terms of the Credit Agreement and is one of the Notes
referred to therein. The Payee and any holder hereof is entitled to the benefits and subject to
the conditions of the Credit Agreement and may enforce the agreements of the Borrower contained
therein, and any holder hereof may exercise the respective remedies provided for thereby or
otherwise available in respect thereof, all in accordance with the respective terms thereof. This
Note is secured by the Security Documents described in the Credit Agreement.

     All capitalized terms used in this Note and not otherwise defined herein shall have the same
meanings herein as in the Credit Agreement.

     The Borrower has the right in certain circumstances and the obligation under certain other
circumstances to repay or prepay the whole or part of the principal of this Note on the terms and
conditions specified in the Credit Agreement.

     If any Event of Default shall occur, the entire unpaid principal amount of this Note and all
of the unpaid interest accrued thereon may become or be declared due and payable in the manner and
with the effect provided in the Credit Agreement.

     The Borrower and every endorser and guarantor of this Note or the obligation represented
hereby waive presentment, demand, notice, protest and all other demands and notice in connection
with the delivery, acceptance, performance, default or enforcement of this Note, assent to any
extension or postponement of the time of payment or any other indulgence, to any substitution,
exchange or release of collateral and to the addition or release of any other party or Person
primarily or secondarily liable.

     This Note shall be deemed to take effect as a sealed instrument under the laws of The
Commonwealth of Massachusetts and for all purposes shall be construed in accordance with such laws
(without regard to conflicts of laws rules).

 

 

     IN WITNESS WHEREOF, the Borrower has caused this Note to be signed under seal by its duly
authorized officer as of the day and year first above written.

	 	 	 	 	 
	 	 	TIMEPAYMENT CORP.

 	 
	 	By:  	/s/ Richard F. Latour
 	 
	 	 	Name:  	Richard F. Latour 	 
	 	 	Title:  	Presidentexv10w14w19

Exhibit 10.14.19

REVOLVING CREDIT NOTE

			
	 	 	 
	     $20,000,000.00
	 	February 10, 2009

     FOR VALUE RECEIVED, the undersigned (the “Borrower”), absolutely and unconditionally
promises to pay to the order of Wells Fargo Bank, National Association, acting through its Wells
Fargo Business Credit operating division (“Payee”), at the office of Sovereign Bank, as
Agent, at 75 State Street, Boston, Massachusetts 02109:

          (a) on the Maturity Date, the principal amount of TWENTY MILLION DOLLARS ($20,000,000.00) or,
if less, the aggregate unpaid principal amount of Revolving Credit Loans owing to the Payee
pursuant to the Amended and Restated Credit Agreement dated as of July 9, 2008, as amended, (as
further amended, restated or supplemented from time to time, (the “Credit Agreement”), by
and among the Borrower and the Lenders; and

          (b) interest on the principal balance hereof from time to time outstanding from the date
hereof through and including the date on which such interest is computed pursuant to the Credit
Agreement, at the times and at the rates provided in the Credit Agreement.

     This Note evidences borrowings under, is subject to the terms and conditions of and has been
issued by the Borrower in accordance with the terms of the Credit Agreement and is one of the Notes
referred to therein. The Payee and any holder hereof is entitled to the benefits and subject to
the conditions of the Credit Agreement and may enforce the agreements of the Borrower contained
therein, and any holder hereof may exercise the respective remedies provided for thereby or
otherwise available in respect thereof, all in accordance with the respective terms thereof. This
Note is secured by the Security Documents described in the Credit Agreement.

     All capitalized terms used in this Note and not otherwise defined herein shall have the same
meanings herein as in the Credit Agreement.

     The Borrower has the right in certain circumstances and the obligation under certain other
circumstances to repay or prepay the whole or part of the principal of this Note on the terms and
conditions specified in the Credit Agreement.

     If any Event of Default shall occur, the entire unpaid principal amount of this Note and all
of the unpaid interest accrued thereon may become or be declared due and payable in the manner and
with the effect provided in the Credit Agreement.

     The Borrower and every endorser and guarantor of this Note or the obligation represented
hereby waive presentment, demand, notice, protest and all other demands and notice in connection
with the delivery, acceptance, performance, default or enforcement of this Note, assent to any
extension or postponement of the time of payment or any other indulgence, to any substitution,
exchange or release of collateral and to the addition or release of any other party or Person
primarily or secondarily liable.

     This Note shall be deemed to take effect as a sealed instrument under the laws of The
Commonwealth of Massachusetts and for all purposes shall be construed in accordance with such laws
(without regard to conflicts of laws rules).

 

 

     IN WITNESS WHEREOF, the Borrower has caused this Note to be signed under seal by its duly
authorized officer as of the day and year first above written.

	 	 	 	 	 
	 	 	TIMEPAYMENT CORP.

 	 
	 	By:  	/s/ Richard F. Latour
 	 
	 	 	Name:  	Richard F. Latour 	 
	 	 	Title:  	Presidentexv10w15

	 	 	 	 	 

Exhibit 10.15

Compensatory Arrangements for Non-Employee Directors

In January 2008, the Board of Directors of MicroFinancial Incorporated (the “Company”) adopted the
following annual compensation package for its non-employee directors:

	 	•	 	an annual retainer of $20,000, to be paid at the director’s election either entirely in
shares of stock or 40% in cash and 60% in shares of stock, in each case with full vesting
upon the date of issuance;
	 
	 	•	 	a cash fee of $1,250 for meetings, including committee meetings, not held by telephone
and not held on the same day as a full Board meeting;
	 
	 	•	 	committee meeting fees of $500 for telephonic meetings and meetings on the same day as
Board meetings;
	 
	 	•	 	a fee for the Chair of the Audit Committee of $10,000 per year, to be paid either
entirely in shares of stock or 40% in cash and 60% in shares of stock, in each case with
full vesting upon the date of issuance;
	 
	 	•	 	a fee for the Chairman of the Board of $20,000 per year, to be paid either entirely in
shares of stock or 40% in cash and 60% in shares of stock, in each case with full vesting
upon the date of issuance;1
	 
	 	•	 	a stock grant made annually to each non-employee director valued at $42,000 on the date
of grant, with all shares of stock fully vested upon the date of issuance; and
	 
	 	•	 	health insurance benefits for those non-employee directors who elect to participate,
with the cost to be borne partially by the Company, consistent with its past practices.

Committee chairs will decide at the time of any committee meeting whether the meeting is
substantive enough to merit the committee fees described above.

 

			
	1	 	As amended per Compensation and Benefits Committee
recommendation in May 2008.exv10w5

Exhibit 10.5

The TJX Companies, Inc.

January 31, 2009

Ms. Carol Meyrowitz

The TJX Companies, Inc.

770 Cochituate Road

Framingham, MA 01701

     Re: Modification of Employment Agreement

Dear Carol:

     Reference is made to the Employment Agreement dated as of January 28, 2007 (as subsequently
amended and in effect on the date hereof, the “Existing Agreement”) between you and The TJX
Companies, Inc. (the “Company”). The Existing Agreement and the period of your employment by the
Company under the Existing Agreement are scheduled to expire on January 31, 2009 (the “End Date”)
except as otherwise mutually agreed by you and the Company. The Company and you are presently
engaged in a discussion of a new or extended employment agreement. As a result, we both agree that
Section 1 of the Existing Agreement shall be amended so that “End Date” shall mean April 1, 2009.

     If you agree with the foregoing, please so indicate by signing the enclosed copy of this
letter agreement and returning it to Mr. Greg Flores, whereupon this letter agreement will take
immediate effect as of the date first set forth above. This letter agreement shall constitute an
agreement under seal.

	 	 	 	 	 
	 	The TJX Companies, Inc.

 	 
	 	By:  	/S/ David Brandon
 	 
	 	 	Title: 	 
	 	 	 	 
	 

Agreed:

/S/ Carol Meyrowitz

 

Carol Meyrowitz

Date: January 31, 2009

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