Document:

bpo_10q-ex1004.htm

EXHIBIT 10.4

SECOND AMENDMENT TO THE

BPO MANAGEMENT SERVICES, INC.

2007 STOCK INCENTIVE PLAN

 

WHEREAS, the BPO Management Services, Inc. 2007 Stock Incentive Plan, as previously amended (the “Plan”) has been established by BPO Management Services, Inc. (the “Company”), effective upon its approval by the shareholders of the Company; and

WHEREAS, the shareholders of the Company approved the Plan in June 2007; and

WHEREAS, the Compensation Committee of Board of Directors of the Company have approved this Second Amendment to the Plan to be effective as of May 13, 2009;

NOW, THEREFORE, the Plan is hereby amended as follows:

Section 5.6 of the Plan is hereby amended to read in its entirety as follows:

“ 5.6    Termination of Employment or Service.    In the event of the termination of employment of an Optionee or the separation from service
of a Director or consultant (who is an Optionee) for any reason (other than death or Disability as provided below), any Option(s) held by such Optionee (or his Permitted Assignee) under the Plan and not previously exercised or expired shall be deemed canceled and terminated on the day of such termination or separation, unless the Committee decides, in its sole discretion, to extend the term of the Option for a period not to exceed twenty-four (24) months after the date of such termination or separation, provided, however,
that in no instance may the term of the Option, as so extended, exceed the maximum term set forth in Section 4.1(b)(ii) or 5.4, above.”

IN WITNESS WHEREOF, BPO Management Services, Inc., acting by and through its officer hereunto duly authorized, has executed this instrument to be effective May 13, 2009.

 

IN WITNESS WHEREOF, BPO Management Services, Inc., acting by and through its officer hereunto duly authorized, has executed this instrument to be effective May 13, 2009.

 

	 	BPO MANAGEMENT SERVICES, INC.	 
	 	 	 	 
	
 
	
By: 
	/s/  J. Brent Webb	 
	 	 	Name:  J. Brent Webb	 
	 	 	Title:    SVP, General Counsel & Asst. SecretaryConvertible Promissory Note

Exhibit 10.2

Convertible Promissory Note

Date:

July 2, 2009

Principal Amount:

US$100,000

FOR VALUE RECEIVED Rival Technologies Inc. (herein called “Rival”) hereby promises to pay to Epsom Investment Services NV (herein called “Epsom”). The principal sum of US$100,000, with interest thereon of then percent (10%) per annum calculated annually. Principal and interest are due and will be paid ON DEMAND.

Notice of demand or presentment for payment are hereby waived. Rival may repay the principal and interest at any time without penalty.

Epsom may, at any time during the term hereof, choose to convert any or all of the principal and interest outstanding to common stock in Rival by providing written notice of conversion to its principal office in Las Vegas, Nevada (by fax or letter). The conversion price shall be the closing market value of Rival stock on the last trading day prior to the date Epsom provides Rival with notices.

Rival Technologies Inc.

/s/Douglas Thomas

Per: Douglas Thomas, CEOLoan Agreement

Exhibit 10.3

Loan Agreement

Between Epsom Investment Services NV (“Epsom”) and Rival Technologies Inc. (“Rival”)

The parties hereby agree as follows:

1.

Rival has an existing debt owing to Epsom of US$500,000 plus interest, payable ON DEMAND in accordance with the terms of the Convertible Promissory Note dated August 1, 2007, as amended.

2.

Epsom has agreed to extend to Rival an additional loan of up to US$100,000, as required over the coming 12 months to pay ongoing debts owing to auditors, legal counsel, transfer agent, and other creditors approved in writing by Epsom. This additional loan may be advanced in stages.

3.

The loans, including principal and interest outstanding, referred to in paragraphs 1 and 2 above are herein referred to as the “Loan”.

4.

Epsom may secure the Loans at any time by registering same in a first secured position as a secured creditor of Rival and Rival hereby agrees to execute and register such documentation as may be required to give effect to this secured position of Epsom.

5.

Rival agrees that it will not issue any further capital stock (including warrants or options) or debt without the express written consent of Epsom, for such period of time as the Loans are outstanding.

This Amendment may be sign in counterpart and delivered by facsimile.

Dated July 2, 2009

Rival Technologies Inc.

Epsom Investment Services NV

Per: /s/Douglas Thomas

Per: ­­­­­­­­­­/s/ D. CravenExh 10.1-Form 10Q-6/30/09

EXHIBIT 10.1

AMENDMENT TO CHANGE OF CONTROL AGREEMENT

THIS AMENDMENT (the "Amendment") is made as of the 31st day of December, 2008, by and between inTEST Corporation, a Delaware corporation ("inTEST") and Robert E. Matthiessen ("Executive").

WHEREAS, inTEST and Executive entered into an agreement, dated April 21, 2001, as amended August 27, 2007, (the "Agreement") which may be subject to Section 409A of the Internal Revenue Code of 1986, as amended (the "Code");

WHEREAS, it is in the best interests of Executive and inTEST to amend the Agreement to comply with final regulations issued by the Internal Revenue Service under Section 409A of the Internal Revenue Code of 1986, as amended, (the "Code") in order for Executive to avoid the adverse tax consequences that would arise from a failure to comply with Code Section 409A, including the imposition of an additional 20% excise tax on payments provided thereunder;

NOW, THEREFORE, the parties, intending to be legally bound, agree to amend the Agreement as of January 1, 2009 by adding the following new Section 20 thereto: 
"20.COMPLIANCE WITH CODE SECTION 409A.For purposes of this Agreement, Executive's termination of employment shall mean Executive's "separation from service" as defined under Code Section 409A. Each payment under this Agreement that is determined to be subject to Section 409A shall be treated as a separate payment. In no event may Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement. Notwithstanding any provision of this Agreement to the contrary, if Executive is a "specified employee" (as defined in Section 409A of the Code) as of his "separation from service" (as defined in Section 409A of the Code), then the payment of any amounts payable hereunder that are subject to Section 409A of the Code shall be postponed in compliance with Section 409A (without any reduction in such payments ultimately paid or provided to Executive) until the first payroll date that occurs after the date that is six (6) months following Executive's "separation from service." Any such postponed payments shall be paid in a lump sum to Executive on the first payroll date that occurs after the date that is six (6) months following Executive's "separation from service." If Executive dies during the postponement period prior to the payment of the postponed amount, the amounts withheld on account of Section 409A shall be paid to Executive's estate within sixty (60) days after the date of his death."

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

By:   /s/ Alyn R. Holt

      Alyn R. Holt, Chairman of the Board

EXECUTIVE

/s/ Robert E. Matthiessen

Robert E. MatthiessenExh 10.2-Form 10Q-6/30/09

EXHIBIT 10.2

AMENDMENT TO CHANGE OF CONTROL AGREEMENT

THIS AMENDMENT (the "Amendment") is made as of the 31st day of December, 2008, by and between inTEST Corporation, a Delaware corporation ("inTEST") and Hugh T. Regan, Jr. ("Executive").

WHEREAS, inTEST and Executive entered into an agreement, dated April 21, 2001, as amended August 27, 2007, (the "Agreement") which may be subject to Section 409A of the Internal Revenue Code of 1986, as amended (the "Code");

WHEREAS, it is in the best interests of Executive and inTEST to amend the Agreement to comply with final regulations issued by the Internal Revenue Service under Section 409A of the Internal Revenue Code of 1986, as amended, (the "Code") in order for Executive to avoid the adverse tax consequences that would arise from a failure to comply with Code Section 409A, including the imposition of an additional 20% excise tax on payments provided thereunder;

NOW, THEREFORE, the parties, intending to be legally bound, agree to amend the Agreement as of January 1, 2009 by adding the following new Section 20 thereto: 
"20.COMPLIANCE WITH CODE SECTION 409A.For purposes of this Agreement, Executive's termination of employment shall mean Executive's "separation from service" as defined under Code Section 409A. Each payment under this Agreement that is determined to be subject to Section 409A shall be treated as a separate payment. In no event may Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement. Notwithstanding any provision of this Agreement to the contrary, if Executive is a "specified employee" (as defined in Section 409A of the Code) as of his "separation from service" (as defined in Section 409A of the Code), then the payment of any amounts payable hereunder that are subject to Section 409A of the Code shall be postponed in compliance with Section 409A (without any reduction in such payments ultimately paid or provided to Executive) until the first payroll date that occurs after the date that is six (6) months following Executive's "separation from service." Any such postponed payments shall be paid in a lump sum to Executive on the first payroll date that occurs after the date that is six (6) months following Executive's "separation from service." If Executive dies during the postponement period prior to the payment of the postponed amount, the amounts withheld on account of Section 409A shall be paid to Executive's estate within sixty (60) days after the date of his death."

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

By:   /s/ Alyn R. Holt

      Alyn R. Holt, Chairman of the Board

EXECUTIVE

/s/ Hugh T. Regan, Jr.

Hugh T. Regan, Jr.

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