Document:

Form of First Amendment to Change of Control Severance Agreement

 Exhibit 10.2 
 FORM OF FIRST AMENDMENT TO 
 CHANGE OF CONTROL SEVERANCE AGREEMENT 
 BY AND BETWEEN 
 ENERGY PARTNERS, LTD.

 AND
                                 
 Energy Partners, Ltd. and
                                     hereby agree to amend the
Change of Control Severance Agreement between them dated as of
                                 (the “Severance Agreement”), as
follows: 
 1. Subsection (a) of Section 1 of the Severance Agreement is amended by adding the following proviso before the
semicolon at the end thereof: 
 “provided, however, that in determining the Executive’s average annual bonus, if the
Executive’s bonus for any of the calendar years that would otherwise be included within the period used in determining the average was reduced to reflect service for less than a full calendar year, that calendar year (and the bonus amount for
that calendar year) shall be disregarded” 
 2. Subsection (b) of Section 1 of the Severance Agreement is renumbered as
subsection (c) and is amended by deleting the words “medical and life insurance benefits” and substituting the words “medical, dental and life insurance benefits.” 
 3. A new subsection (b) is added to Section 1 of the Severance Agreement to read in its entirety as follows: 
 “(b) if the Executive has not yet received a bonus under the Company’s annual bonus plan for the calendar year preceding the calendar year of
termination of the Executive’s employment, the Executive shall receive a bonus for that calendar year under the Company’s annual bonus plan in an amount equal to the Executive’s target bonus opportunity for that calendar year, payable
in a single cash lump sum within 30 days following such termination of employment; and” 
 4. Section 1 of the Severance Agreement
is amended by adding the following sentence at the end thereof: 
 “Anything in this Agreement to the contrary notwithstanding, if the
Executive is a “specified employee” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, payments under this Plan shall be delayed if and to the extent required by Section 409A of the Code.”

 5. A new Section 5.12 is added to the Severance Agreement to read in its entirety as follows:

 “5.12 Compliance with Code Section 409A. It is intended that any amounts payable under this Agreement that constitute
deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended, shall comply with the provisions of Section 409A of the Code. Anything in this Agreement to the contrary notwithstanding, if the Company
determines that any amounts payable under this Agreement that are subject to Section 409A of the Code would not satisfy the requirements of said Section 409A, the Company shall modify this Agreement and the terms of any such payments so as
to satisfy such requirements in a manner that preserves to the maximum extent possible the economic value of such payments to the Executive.” 
 Except as amended as herein set forth, the Severance Agreement shall continue in full force and effect in accordance with its terms. 
 IN WITNESS WHEREOF, the parties hereto have set their hands on this      day of September 2006 in multiple originals, each of which shall have the same force and effect as if it were the sole original. 

 

			
	 ENERGY PARTNERS, LTD

		
	 By:
	 	  

		 	  

		 	 Executive:First Amendment to Energy Partners, Ltd. Change of Control Severance Plan

 Exhibit 10.3 
 FIRST AMENDMENT TO 
 ENERGY PARTNERS, LTD. 
 CHANGE OF CONTROL SEVERANCE PLAN 
 The
Energy Partners, Ltd. Change of Control Severance Plan (the “Plan”) is hereby amended, effective as of September 13, 2006, as follows: 
 1. Subsection (h)(iii) of Section 2 of the Plan is amended to read in its entirety as follows: 
 “(iii) any requirement that
the Participant relocate to an office which is more than 35 miles in driving distance from the office at which the Participant is employed immediately prior to the Change of Control.” 
 2. Subsection (a) of Section 5 of the Plan is amended by adding the following proviso before the semicolon at the end thereof: 
 “provided, however, that in determining a Participant’s average annual bonus, if the Participant’s bonus for any of the calendar years that
would otherwise be included within the period used in determining the average was reduced to reflect service for less than a full calendar year, that calendar year (and the bonus amount for that calendar year) shall be disregarded” 

3. Subsection (b) of Section 5 of the Plan is renumbered as subsection (c) and is amended by deleting the words “medical and life insurance
benefits” in the first sentence and substituting the words “medical, dental and life insurance benefits.” 
 4. A new
subsection (b) is added to Section 5 of the Plan to read in its entirety as follows: 
 “(b) if the Participant has not yet received a
bonus under the Company’s annual bonus plan for the calendar year preceding the calendar year of termination of the Participant’s employment, the Participant shall receive a bonus for that calendar year under the Company’s annual
bonus plan in an amount equal to the Participant’s target bonus opportunity for that calendar year, payable in a single cash lump sum within 30 days following such termination of employment; and” 
 5. Section 5 of the Plan is amended by adding the following sentence at the end thereof: 
 “Anything in this Plan to the contrary notwithstanding, in the case of a Participant who is a “specified employee” within the meaning of
Section 409A of the Code, payments under this Plan shall be delayed if and to the extent required by Section 409A of the Code.” 
 6.
Section 5 of the Plan is amended by adding the following sentence at the end thereof: 
 “Anything in this Plan to the contrary
notwithstanding, a Participant’s Designated Multiple may not be changed on or after the occurrence of a Change of Control.” 

 7. A new Section 17 is added to the Plan to read in its entirety as follows: 
 “17. Compliance with Code Section 409A. It is intended that any amounts payable under this Plan that constitute deferred compensation subject to
Section 409A of the Code shall comply with the provisions of Section 409A of the Code. Anything in this Plan to the contrary notwithstanding, if the Committee determines that any amounts payable under this Plan that are subject to Section 409A of
the Code would not satisfy the requirements of said Section 409A, the Committee shall modify this Plan and the terms of any such payments so as to satisfy such requirements in a manner that preserves to the maximum extent possible the economic value
of such payments to the Participant.”Second Amendment to Rights Agreement

 Exhibit 4.1 
 SECOND AMENDMENT TO 
 RIGHTS AGREEMENT 
 THIS SECOND AMENDMENT TO RIGHTS AGREEMENT (this “Amendment”) is made and entered into as of September 11, 2006, between ACT
TELECONFERENCING, INC., a Colorado corporation (the “Company”), and COMPUTERSHARE TRUST COMPANY, INC., as Rights Agent (the “Rights Agent”). 
 WHEREAS, the Company and American Securities Transfer & Trust, Inc., predecessor in interest to the Rights Agent, entered into that certain Rights Agreement, dated as of November 18, 1999, as amended by
that certain First Amendment to Rights Agreement, dated as of June 30, 2005 (collectively, the “Rights Agreement”), between the Company and the Rights Agent. 
 WHEREAS, under Section 27 of the Rights Agreement, the Company may and the Rights Agent shall, if so directed by the Company, supplement or amend
any provision in the Rights Agreement in any manner the Company may deem necessary or desirable. 
 WHEREAS, the Board of Directors of the
Company has determined that an amendment to the Rights Agreement as set forth herein is necessary and desirable and in connection therewith the Company desires to evidence such amendment in writing. 
 WHEREAS, all acts and things necessary to make this Amendment a valid agreement, enforceable according to its terms, have been done and performed, and
the execution and delivery of this Amendment by the Company have been in all respects duly authorized by the Company. 
 NOW, THEREFORE, the
parties agree as follows: 
 A. Amendment of Section 7(a). Section 7(a) of the Rights Agreement is hereby amended by deleting
“(i) the Close of Business on December 10, 2009 (the “Final Expiration Date”),” and replacing it with the following: 
 “(i) the Close of Business on September 12, 2006 (the “Final Expiration Date”),”. 
 B. Effectiveness. This
Amendment shall be deemed effective as of the date first written above. Except as amended hereby, the Rights Agreement shall remain in full force and effect and shall be otherwise unaffected. 
 C. Miscellaneous. This Amendment shall be deemed to be a contract under the laws of the State of Colorado and for all purposes shall be governed and
construed in accordance with the laws of such state applicable to contracts to be made and performed entirely within such state. If any provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other
authority to be invalid, illegal or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain in full force and effect and shall in no way be effected, impaired or invalidated. Except as
otherwise expressly provided herein, or unless the context otherwise requires, all terms used herein have the meanings assigned to them in the Rights Agreement. The Rights Agent and the Company hereby waive any notice requirement under the Rights
Agreement pertaining to the matters covered by this Amendment. 
 *    *    *    *    * 

 IN WITNESS WHEREOF, each of the undersigned have executed this Amendment as of the date first above
written. 
  

									
	 ACT TELECONFERENCING, INC.
	 		 	 COMPUTERSHARE TRUST COMPANY, INC.

					
	 By:
	 	 /s/ Kenneth Knopp
	 		 	 By:
	 	 /s/ Kellie Gwinn

	 Name:
	 	 Kenneth Knopp
	 		 	 Name:
	 	 Kellie Gwinn

	 Title:
	 	 V.P. Operations
	 		 	 Title:
	 	 Vice President

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