Document:

Exhibit 10.2

              FOURTH AMENDMENT TO RESTATED UNDERWRITING, CONTINUING
                       INDEMNITY, AND SECURITY AGREEMENT

      THIS FOURTH AMENDMENT TO RESTATED UNDERWRITING,  CONTINUING INDEMNITY, AND
SECURITY  AGREEMENT ("this Fourth  Amendment") is entered into as of the ___ day
of October, 2007, by and among INTEGRATED ELECTRICAL SERVICES, INC., a Tennessee
corporation,  and  certain of its  Affiliates  and  Subsidiaries  identified  on
Exhibit A, in their capacity as named Principal under any Bond (individually and
collectively "Principal");  and INTEGRATED ELECTRICAL SERVICES, INC., a Delaware
corporation,  and  certain of its  Affiliates  and  Subsidiaries  identified  on
Exhibit B (along with Principal,  individually and collectively  "Indemnitors");
and FEDERAL  INSURANCE  COMPANY,  an Indiana  corporation,  its  Affiliates  and
Subsidiaries  and  their  respective  co-sureties  and  reinsurers,   and  their
respective  successors  and permitted  assigns  (individually  and  collectively
"Surety"). All capitalized terms will have the meaning set out in Section 1.

                              W I T N E S S E T H:

      WHEREAS,  Indemnitors  and  Surety  entered  into  that  certain  Restated
Underwriting,  Continuing Indemnity,  and Security Agreement dated as of May 12,
2006,  as  amended  by First  Amendment  to  Restated  Underwriting,  Continuing
Indemnity,  and Security  Agreement  dated as of October 31, 2006,  Rider to Add
Principal/Indemnitor  and Second Amendment to Restated Underwriting,  Continuing
Indemnity,  and Security  Agreement  dated as of December  28,  2006,  and Third
Amendment to Restated Underwriting, Continuing Indemnity, and Security Agreement
dated as of May 1, 2007 (collectively  "the Agreement"),  the terms of which are
incorporated herein by this reference; and

      WHEREAS,  the parties  desire to enter into this Fourth  Amendment for the
purpose of  amending  and  modifying  the  Agreement,  as set out in this Fourth
Amendment.

      NOW,  THEREFORE,  in  consideration  of the  foregoing  premises and other
mutual considerations, the undersigned agree as follows:

      1.  Definitions.  Unless  otherwise  specifically  defined in this  Fourth
Amendment, all capitalized terms will have the meaning set out in the Agreement.

      2.  Bonds;  Conditions  Precedent  to all Bonds.  The  reference  to a One
Hundred Million Dollars  ($100,000,000)  limitation on Bonded Backlog is deleted
from  paragraph  (m) of Section 3 of the Agreement and replaced with a reference
to One Hundred Fifty Million Dollars ($150,000,000).

      3.  Consent of Lender.  Indemnitors  will obtain the  agreement of Bank of
America,  N.A.  to amend the  existing  Intercreditor  Agreement  to delete  any
limitation on the  aggregate  penal amount of Bonds that may be issued per month
from and after June 1, 2006.

<PAGE>

      4.   Representations  and  Warranties  of  Indemnitors.   Each  Indemnitor
represents and warrants to Surety that all of the representations and warranties
made by  Indemnitors  in the  Agreement  (whether  made as an Indemnitor or as a
Principal)  and in this Fourth  Amendment  are true and correct as applicable to
such  Principal or  Indemnitor in all material  respects,  as of the date hereof
(except to the extent its representations and warranties  specifically relate to
an earlier date).

      5.  Continuing  Effect.  Except as  specifically  set forth in this Fourth
Amendment, the Agreement remains in full force and effect as originally written.

      6.  Counterparts.  This  Fourth  Amendment  may be executed by the parties
independently  in any  number  of  counterparts,  all  of  which  together  will
constitute  but one and the same  instrument  which is valid and effective as if
all parties had executed the same counterpart.

      IN WITNESS WHEREOF, the parties hereto have executed this Fourth Amendment
as of the day and year first above written.

                                     SURETY:

                                     FEDERAL INSURANCE COMPANY

                                     By: _______________________________________
                                     Its: ______________________________________

                                     PRINCIPAL:

                                     INTEGRATED ELECTRICAL SERVICES, INC.

                                     By: _______________________________________
                                         Curt Warnock, Senior Vice President

                                     ALADDIN WARD ELECTRIC & AIR, INC.
                                     AMBER ELECTRIC, INC.
                                     ARC ELECTRIC, INCORPORATED
                                     BACHOFNER ELECTRIC, INC.
                                     BRYANT ELECTRIC COMPANY, INC.
                                     COMMERCIAL ELECTRICAL CONTRACTORS, INC.
                                     CROSS STATE ELECTRIC, INC.
                                     DANIEL ELECTRICAL CONTRACTORS, INC.
                                     DAVIS ELECTRICAL CONSTRUCTORS, INC.
                                     ELECTRO-TECH, INC.
                                     FEDERAL COMMUNICATIONS GROUP, INC.

                                       2
<PAGE>

                                 HATFIELD REYNOLDS ELECTRIC COMPANY
                                 IES HOUSTON RESOURCES, INC.
                                 KAYTON ELECTRIC, INC.
                                 MARK HENDERSON, INCORPORATED
                                 MENNINGA ELECTRIC, INC.
                                 MID-STATES ELECTRIC COMPANY, INC.
                                 MITCHELL ELECTRIC COMPANY, INC.
                                 MURRAY ELECTRICAL CONTRACTORS, INC.
                                 NEWCOMB ELECTRIC COMPANY, INC.
                                 NEW TECHNOLOGY ELECTRICAL CONTRACTORS,
                                    INC. PAN AMERICAN
                                 ELECTRIC, INC. PAULIN
                                 ELECTRIC COMPANY, INC.
                                 PRIMENET, INC. PRIMO
                                 ELECTRIC COMPANY RODGERS
                                 ELECTRIC COMPANY, INC. RON'S
                                 ELECTRIC, INC. THOMAS POPP &
                                 COMPANY VALENTINE
                                 ELECTRICAL, INC.

                                 By: __________________________________________
                                     Curt Warnock
                                     Vice President

                                 BEXAR ELECTRIC COMPANY, LTD.
                                 By: BW/BEC Inc., its general partner

                                     By: ______________________________________
                                         Curt Warnock
                                         Vice President

                                 HAYMAKER ELECTRIC, LTD.
                                 By: General Partner, Inc., its general partner

                                     By: ______________________________________
                                         Curt Warnock
                                         Vice President

                                       3
<PAGE>

                                 HOUSTON-STAFFORD ELECTRICAL
                                    CONTRACTORS LP
                                 By: Houston-Stafford Management LLC, its
                                     general partner

                                     By: _______________________________________
                                         Curt Warnock
                                         Vice President

                                 MILLS ELECTRIC LP
                                 By: Mills Management LLC

                                     By: _______________________________________
                                         Curt Warnock
                                         Vice President

                                 NEAL ELECTRIC LP
                                 By: BW/BEC Inc., its general partner

                                     By: _______________________________________
                                         Curt Warnock
                                         Vice President

                                 RAINES ELECTRIC LP
                                 By: Raines Management LLC, its general partner

                                     By: _______________________________________
                                         Curt Warnock
                                         Vice President

                                 RIVIERA ELECTRIC, LLC

                                 By: __________________________________________
                                     Curt Warnock
                                     Vice President

                                       4
<PAGE>

                                 INDEMNITORS:

                                 INTEGRATED ELECTRICAL SERVICES, INC.

                                 By: _______________________
                                     Curt Warnock, Senior Vice President

                                 ALADDIN WARD ELECTRIC & AIR, INC.
                                 AMBER ELECTRIC, INC.
                                 ARC ELECTRIC, INCORPORATED
                                 BACHOFNER ELECTRIC, INC.
                                 BRYANT ELECTRIC COMPANY, INC.
                                 COMMERCIAL ELECTRICAL CONTRACTORS, INC.
                                 CROSS STATE ELECTRIC, INC.
                                 DANIEL ELECTRICAL CONTRACTORS, INC.
                                 DAVIS ELECTRICAL CONSTRUCTORS, INC.
                                 ELECTRO-TECH, INC.
                                 FEDERAL COMMUNICATIONS GROUP, INC.
                                 HATFIELD REYNOLDS ELECTRIC COMPANY
                                 IES HOUSTON RESOURCES, INC.
                                 KAYTON ELECTRIC, INC.
                                 MARK HENDERSON, INCORPORATED
                                 MENNINGA ELECTRIC, INC.
                                 MID-STATES ELECTRIC COMPANY, INC.
                                 MITCHELL ELECTRIC COMPANY, INC.
                                 MURRAY ELECTRICAL CONTRACTORS, INC.
                                 NEWCOMB ELECTRIC COMPANY, INC.
                                 NEW TECHNOLOGY ELECTRICAL CONTRACTORS,
                                    INC.
                                 PAN AMERICAN ELECTRIC, INC.
                                 PAULIN ELECTRIC COMPANY, INC.
                                 PRIMENET, INC.
                                 PRIMO ELECTRIC COMPANY
                                 RODGERS ELECTRIC COMPANY, INC.
                                 RON'S ELECTRIC, INC.
                                 THOMAS POPP & COMPANY
                                 VALENTINE ELECTRICAL, INC.

                                 By: __________________________________________
                                     Curt Warnock
                                     Vice President

                                       5
<PAGE>

                                 BEXAR ELECTRIC COMPANY, LTD.
                                 By: BW/BEC Inc., its general partner

                                     By: ____________________________________
                                         Curt Warnock
                                         Vice President

                                 HAYMAKER ELECTRIC, LTD.
                                 By: General Partner, Inc., its general partner

                                     By: ____________________________________
                                         Curt Warnock
                                         Vice President

                                 HOUSTON-STAFFORD ELECTRICAL
                                    CONTRACTORS LP
                                 By: Houston-Stafford Management LLC, its
                                     general partner

                                     By: ____________________________________
                                         Curt Warnock
                                         Vice President

                                 MILLS ELECTRIC LP
                                 By: Mills Management LLC

                                     By: ____________________________________
                                         Curt Warnock
                                         Vice President

                                 NEAL ELECTRIC LP
                                 By: BW/BEC Inc., its general partner

                                     By: ____________________________________
                                         Curt Warnock
                                         Vice President

                                       6
<PAGE>

                                 RAINES ELECTRIC LP
                                 By: Raines Management LLC, its general partner

                                     By: ____________________________________
                                         Curt Warnock
                                         Vice President

                                 RIVIERA ELECTRIC, LLC

                                     By: ____________________________________
                                         Curt Warnock
                                         Vice President

                                       7Exhibit 10.1

            EXECUTIVE AGREEMENT between Sono-Tek Corporation, a New York
corporation (the "Company") and Stephen J. Bagley ("Executive"), dated as of the
1st day of September, 2007.

                              W I T N E S S E T H:

            WHEREAS, Executive is an employee of the Company and is an integral
part of its management; and

            WHEREAS, it is in the best interest of the Company that Executive
continue in the service of the Company without the benefits which would accrue
to Executive pursuant to an employment agreement; and

            WHEREAS, the Company wishes to assure itself of continuity of
management during the critical period of any actual or threatened change in
control of the Company.

            NOW, THEREFORE, it is hereby agreed by and between the parties as
follows:

            1. Employment Status.

            In consideration of the benefits provided to Executive pursuant to
this Executive Agreement, Executive hereby agrees to continue to be employed by
the Company as an employee-at-will without the benefit of an employment
agreement. Nothing expressed or implied herein shall create any right or duty
(on the part of the Company or Executive) to have Executive remain in the
employment of the Company, each reserving all rights to terminate the employment
relationship at any time, with or without "Cause" (as hereinafter defined).

            2. Term.

            The term of this Executive Agreement shall commence on the date
hereof and shall terminate on the earlier to occur of (i) termination of
Executive's employment for whatever reason, unless a Change of Control (as
hereinafter defined) shall have occurred prior to such termination or (ii)
twelve months following written notice of termination of this Executive
Agreement given by the Company or Executive.

            3. Payment Subsequent to Change of Control.

                  a. Except as may otherwise be required in accordance with
Section 8 hereof, in the event that a Change of Control of the Company shall
occur during the time Executive is employed by the Company, there shall be
payable to Executive upon the termination of Executive's employment without
Cause or Executive's Resignation for Good Reason (as hereinafter defined) within
18 months following such Change of Control a lump sum (net of any required tax
or other withholding) equal to one year of Executive's annual base and bonus
compensation paid by the Company for the previous calendar year (or such lesser
<PAGE>

period as Executive shall have been employed by the Company) immediately
preceding the Change of Control as reflected in Executive's Forms W-2 in respect
of such year. Payment made in accordance with this Section 3(a) shall represent
full satisfaction of all of the obligations of the Company under this Executive
Agreement and concurrent with receipt of such payment Executive shall execute a
document satisfactory to the Company to that effect.

                  b. For the purpose of this Executive Agreement, a "Change of
Control" of the Company shall mean any of the following:

                        i.    The sale to a "Non-Affiliate" (as defined below)
                              of all or substantially all of the assets of the
                              Company;

                        ii.   The merger of the Company with or into a
                              Non-Affiliate where immediately following such
                              transaction 50% or more of the outstanding voting
                              stock of the remaining entity is not owned by
                              persons who were shareholders of the Company
                              immediately prior to such transaction;

                        iii.  The acquisition by any person who is not on the
                              date hereof an Affiliate or Major Shareholder (as
                              such terms are defined below) of 50% or more of
                              the issued and outstanding stock of the Company;
                              or

                        iv.   The Board of Directors of the Company shall cease
                              to be a "Qualified Board" (as defined below).

                  c. For purposes of this Executive Agreement:

                        i.    Persons or entities shall be "Affiliates" if one
                              controls the other or if they are under common
                              control. "Control" shall mean the ownership of 50%
                              or more of the issued and outstanding stock of any
                              such entity.

                        ii.   "Major Shareholder" shall mean any person or
                              entity who directly or indirectly currently owns
                              as of the date of this Agreement 25% of the issued
                              and outstanding stock of the Company.

                        iii.  "Qualified Board" shall mean the Board of
                              Directors of the Company which is comprised of no
                              fewer than five persons at least a majority of
                              whose members are currently directors of the
                              Company or shall have been elected or nominated to
                              the Board by a "Qualified Board."

                        iv.   "Cause" shall mean: (1) proven or admitted (A)
                              embezzlement, or (B) material dishonest misuse of
                              the Company funds or assets; (2) an admitted or
                              proven act constituting a felony or misdemeanor
                              (other than minor offenses such as traffic
                              violations) or conviction for such act; (3)

                                        2
<PAGE>

                              continued conduct materially adverse to the
                              interests of the Company which does not cease
                              within thirty (30) days of written notice from the
                              Board of Directors of the Company; (4) repeated
                              material failure by Executive, after written
                              warning by the Board of Directors of the Company,
                              to perform the duties of his or her employment
                              (including without limitation material failure to
                              follow or comply with the reasonable and lawful
                              written directives of the Board of Directors of
                              the Company); or (5) breach of any statutory or
                              common law fiduciary duty of loyalty to the
                              Company which is not cured within thirty (30) days
                              of written notice from the Board of Directors of
                              the Company.

                  d. For purposes of this Executive Agreement "Resignation for
Good Reason" shall be deemed to have occurred if the Executive shall resign from
all of his or her positions as employee, officer, director of the Company, and
its Affiliates within 60 days after the occurrence of any of the following
events:

                        i.    If the Executive is an officer of the Company, the
                              Executive is removed from that post except for the
                              purposes of assuming another post in the Company
                              which other post the Executive accepts.

                        ii.   The imposition on the Executive of a requirement
                              to relocate the site of his or her employment by
                              the Company to a place more than 50 miles from the
                              site of his or her present employment.

                        iii.  A reduction in the Executive's rate of
                              compensation from the Company, which reduction
                              continues after the Executive has protested in
                              writing to the Chief Executive Officer of the
                              Company referring to this Executive Agreement.

                        iv.   A substantial negative change in the duties,
                              responsibilities or supervisory authority of the
                              Executive which change persists for a period of at
                              least 60 days after written protest by the
                              Executive to the Chief Executive Officer of the
                              Company referring to this Executive Agreement.

            4. Notices.

            All notices, requests, demands and other communications provided for
by this Executive Agreement shall be in writing and shall be sufficiently given
if and when mailed in the continental United States by registered or certified
mail or personally delivered to the party entitled thereto at the address stated
below or to such changed address as the addressee may have given by a similar
notice:

To the Company:   Sono-Tek Corporation
                  2012 Route 9W
                  Milton, NY 12547

                                        3
<PAGE>

To the Executive: Stephen J. Bagley
                  128 North Ohioville Road
                  New Paltz, NY 12561

            5. Agreement for Benefit of Executive.

            This Executive Agreement shall be binding upon and shall inure to
the benefit of the Executive, the Executive's heirs and legal representative,
and the Company and its successors.

            6. Amendment or Modification; Waiver.

            No provision of this Executive Agreement may be amended, modified or
waived unless such amendment, modification or waiver shall be authorized by the
Boards of Director of the Company or any authorized committees of the Boards of
Directors and shall be agreed to in writing, signed by the Executive and by an
officer of the Company thereunto duly authorized. Except as otherwise
specifically provided in this Executive Agreement, no waiver by either party
hereto of any breach by the other party hereto of any condition or provision of
this Executive Agreement to be performed by such other party shall be deemed a
waiver of a subsequent breach of such condition or provision or a waiver of a
similar or dissimilar provision or condition at the same or at any prior or
subsequent time.

            7. Governing Law.

            This Agreement shall be governed by and interpreted and construed in
accordance with the internal laws of the State of New York (without reference to
principles of conflicts or choice of law).

            8. Section 409A.

            Notwithstanding anything to the contrary in this Agreement, if the
Company determines (a) that on the date the Executive's employment with the
Company terminates or at such other time that the Company determines to be
relevant, the Executive is a "specified employee" (as such term is defined under
Section 409A of the Internal Revenue Code) of the Company and (b) that any
payments to be provided to the Executive pursuant to this Agreement are or may
become subject to the additional tax under Section 409A(a)(1)(B) of the Code or
any other taxes or penalties imposed under Section 409A of the Code ("Section
409A Taxes") if provided at the time otherwise required under this Agreement,
then such payments shall be delayed until the date (the " Deferred Payment
Date") that is six months after the date of the Executive's "separation from
service" (as such term is defined under Section 409A of the Code) with the
Company, or such shorter period that, as determined by the Company, is
sufficient to avoid the imposition of Section 409A Taxes; it being understood
that any payments so delayed shall become payable in the aggregate on the
Deferred Payment Date. It is the intent of the parties that the provisions of

                                        4
<PAGE>

this Agreement comply with Section 409A of the Code and related regulations and
Department of the Treasury pronouncements. Accordingly, notwithstanding any
provision in this Agreement to the contrary, this Agreement will be interpreted,
applied and to the minimum extent necessary, unilaterally amended by the Company
in its sole discretion, without the consent of Executive, as the Company deems
appropriate for the Agreement to satisfy the requirements of Section 409A and to
avoid the imposition of Section 409A Taxes. Notwithstanding the foregoing, the
Company shall not be liable for any taxes, penalties, interest or other costs
that may arise under Section 409A or otherwise.

            IN WITNESS WHEREOF, the parties hereto have executed this Executive
Agreement as of the day and year first above written.

                              Sono-Tek Corporation

                              By /s/ Christopher L. Coccio
                                 ------------------------
                                 Christopher L. Coccio
                                 Chief Executive Officer

                                 /s/ Stephen J. Bagley
                                 ------------------------
                                 Stephen J. Bagley

                                        5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]