Document:

Exhibit 10.6

 

Amendment

 

GAMSA-STAR081106-00.S.001.A.003

 

Between

 

StarTek, Inc.

 

And

 

AT&T Mobility LLC

 

 

AMENDMENT NO. 3

 

AGREEMENT NO. GAMSA-STAR081106-00.S.001

 

This
Amendment, effective on the date when signed by the last Party (“Effective Date”),
and amending Agreement No. GAMSA-STAR081106-00.S.001, is by and between
StarTek, Inc., a Delaware corporation (“Supplier”), and AT&T Mobility
LLC, a Delaware limited liability company (“AT&T”), each of which may be
referred to in the singular as a “Party” or in the plural as the “Parties.”

 

WITNESSETH

 

WHEREAS, Supplier and AT&T entered into
Agreement No. GAMSA-STAR081106-00.S.001 on October 1, 2008 (the “Agreement”);
and

 

WHEREAS, Supplier and AT&T desire to amend the
Agreement as hereinafter set forth.

 

NOW, THEREFORE, in consideration of the
premises and the covenants hereinafter contained, the Parties hereto agree as
follows:

 

1.             Section 3.1
of Section 3 (TERM) shall hereby be deleted in entirety and replaced with
the following:

 

“The
Term of this Work Order shall commence on October 1, 2008 (“Effective Date”)
and shall continue until midnight on June 30, 2010 (the “Term”).  The Work Order may be terminated as allowed
in the Agreement or in this Work Order.”

 

The
terms and conditions of Agreement No. GAMSA-STAR081106-00.S.001 in all
other respects remain unmodified and in full force and effect.

 

Original signature
transmitted and received via facsimile or other electronic transmission of a
scanned document, (e.g., .pdf or similar format) are true and valid signatures
for all purposes hereunder and shall bind the parties to the same extent as
that of an original signature.  This
Agreement may be executed in multiple counterparts, each of which shall be
deemed to constitute an original but all of which together shall constitute
only one document.

 

Proprietary
and Confidential

This Agreement and
information contained therein is not for use or disclosure outside of AT&T,
its Affiliates, and third party representatives, and Supplier except under
written agreement by the contracting parties.

 

2

 

IN WITNESS WHEREOF, the Parties have caused
this Amendment to Agreement No. GAMSA-STAR081106-00.S.001 to be executed,
as of the date the last Party signs.

 

 

	
  StarTek, Inc.

  	
   

  	
  AT&T
  Mobility LLC

  By its authorized agent AT&T
  Services, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  A. Laurence Jones

  	
   

  	
  By:

  	
  /s/
  Karen Tays

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Printed
  Name:

  	
   A. Laurence Jones

  	
   

  	
  Printed Name:

  	
  Karen
  Tays

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  President
  and CEO

  	
   

  	
  Title:

  	
  Sr.
  Contract Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  5/27/2010

  	
   

  	
  Date:

  	
  5/27/2010

  
						

 

3Exhibit 10.7

 

Amendment

 

20080122.003.A.005

 

Between

 

StarTek, Inc.

 

And

 

AT&T Mobility LLC

 

 

AMENDMENT NO. 5

 

AGREEMENT NO. 20080122.003.C

 

This
Amendment, effective on the date when signed by the last Party (“Effective Date”),
and amending Agreement No. 20080122.003.C, is by and between StarTek, Inc.,
a Delaware corporation (“Supplier”), and AT&T Mobility LLC, a Delaware
limited liability company (“AT&T”), each of which may be referred to in the
singular as a “Party” or in the plural as the “Parties.”

 

WITNESSETH

 

WHEREAS, Supplier and AT&T entered into
Agreement No. 20080122.003.C on May 1, 2008 (the “Agreement”); and

 

WHEREAS, Supplier and AT&T desire to amend the
Agreement as hereinafter set forth.

 

NOW, THEREFORE, in consideration of the
premises and the covenants hereinafter contained, the Parties hereto agree as
follows:

 

1.             Section 3.1
of Section 3 (TERM) shall hereby be deleted in entirety and replaced with
the following:

 

“The
Term of this Work Order shall commence on May 1, 2008 (“Effective Date”)
and shall continue until midnight on June 30, 2010 (the “Term”).  The Work Order may be terminated as allowed
in the Agreement or in this Work Order.”

 

The
terms and conditions of Agreement No. 20080122.003.C in all other respects
remain unmodified and in full force and effect.

 

Original signature
transmitted and received via facsimile or other electronic transmission of a
scanned document, (e.g., .pdf or similar format) are true and valid signatures
for all purposes hereunder and shall bind the parties to the same extent as
that of an original signature.  This
Agreement may be executed in multiple counterparts, each of which shall be
deemed to constitute an original but all of which together shall constitute
only one document.

 

Proprietary
and Confidential

This Agreement and
information contained therein is not for use or disclosure outside of AT&T,
its Affiliates, and third party representatives, and Supplier except under
written agreement by the contracting parties.

 

2

 

IN WITNESS WHEREOF, the Parties have caused
this Amendment to Agreement No. 20080122.003.C to be executed, as of the
date the last Party signs.

 

 

	
  StarTek, Inc.

  	
   

  	
   

  	
  AT&T
  Mobility LLC

  By its authorized agent AT&T
  Services, Inc.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  A. Laurence Jones

  	
   

  	
  By:

  	
  /s/
  Michael De Palma

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Printed
  Name:

  	
  A.
  Laurence Jones

  	
   

  	
  Printed
  Name:

  	
  Michael
  De Palma

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  President
  and CEO

  	
   

  	
  Title:

  	
  Sourcing
  Director-Contact Centers and 

  
	
   

  	
   

  	
   

  	
  Marketing
  AT&T Supply Chain Operations

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  5/27/2010

  	
   

  	
  Date:

  	
  5/27/2010

  
						

 

3Exhibit 10.8

 

Amendment

 

20080122.003.A.004

 

Between

 

StarTek, Inc.

 

And

 

AT&T Mobility LLC

 

 

AMENDMENT NO. 4

 

AGREEMENT NO. 20080122.003.C

 

This
Amendment, effective on the date when signed by the last Party (“Effective Date”),
and amending Agreement No. 20080122.003.C, is by and between StarTek, Inc.,
a Delaware corporation (“Supplier”), and AT&T Mobility LLC, a Delaware
limited liability company (“AT&T”), each of which may be referred to in the
singular as a “Party” or in the plural as the “Parties.”

 

WITNESSETH

 

WHEREAS, Supplier and AT&T entered into
Agreement No. 20080122.003.C on May 1, 2008 (the “Agreement”); and

 

WHEREAS, Supplier and AT&T desire to amend the
Agreement as hereinafter set forth.

 

NOW, THEREFORE, in consideration of the
premises and the covenants hereinafter contained, the Parties hereto agree as
follows:

 

1.             Section 3.1
of Section 3 (TERM) shall hereby be deleted in entirety and replaced with
the following:

 

“The
Term of this Work Order shall commence on May 1, 2008 (“Effective Date”)
and shall continue until midnight on May 31, 2010 (the “Term”).  The Work Order may be terminated as allowed
in the Agreement or in this Work Order.”

 

The
terms and conditions of Agreement No. 20080122.003.C in all other respects
remain unmodified and in full force and effect.

 

Original signature
transmitted and received via facsimile or other electronic transmission of a
scanned document, (e.g., .pdf or similar format) are true and valid signatures
for all purposes hereunder and shall bind the parties to the same extent as
that of an original signature.  This
Agreement may be executed in multiple counterparts, each of which shall be
deemed to constitute an original but all of which together shall constitute
only one document.

 

Proprietary
and Confidential

This Agreement and
information contained therein is not for use or disclosure outside of AT&T,
its Affiliates, and third party representatives, and Supplier except under
written agreement by the contracting parties.

 

2

 

IN WITNESS WHEREOF, the Parties have caused
this Amendment to Agreement No. 20080122.003.C to be executed, as of the
date the last Party signs.

 

 

	
  StarTek, Inc.

  	
   

  	
   

  	
  AT&T
  Mobility LLC  

  By its authorized agent AT&T
  Services, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  A. Laurence Jones

  	
   

  	
  By:

  	
  /s/
  Michael De Palma

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Printed
  Name:

  	
  A.
  Laurence Jones

  	
   

  	
  Printed
  Name:

  	
  Michael
  De Palma

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  President
  and CEO

  	
   

  	
  Title:
  

  	
  Sourcing
  Director-Contact Centers and 

  
	
   

  	
   

  	
   

  	
  Marketing
  AT&T Supply Chain Operations

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  4/28/2010

  	
   

  	
  Date:

  	
  4/28/2010

  
						

 

3Exhibit
10.9

 

PROMISSORY NOTE

 

	
  Principal

  	
   

  	
  Loan Date

  	
   

  	
  Maturity

  	
   

  	
  Loan No

  	
   

  	
  Call / Coll

  	
   

  	
  Account

  	
   

  	
  Officer

  	
   

  	
  Initials

  	
   

  
	
  $

  	
  15,000,000.00

  	
   

  	
  08-01-2010

  	
   

  	
  08-01-2011

  	
   

  	
   

  	
   

  	
  4A0 /
  9215

  	
   

  	
   

  	
   

  	
  PMF01

  	
   

  	
   

  	
   

  
																	

 

References in the boxes
above are for Lender’s use only and do not limit the applicability of this
document to any particular loan or item.

 

Any item above containing
“***” has been omitted due to text length limitations.

 

	
  Borrower:

  	
  STARTEK, INC.

  	
  Lender:

  	
  UMB BANK COLORADO, n.a.

  
	
   

  	
  STARTEK USA, INC.

  	
   

  	
  DOWNTOWN DENVER BANKING CENTER

  
	
   

  	
  STARTEK CANADA SERVICES, LTD.

  	
   

  	
  1670 BROADWAY

  
	
   

  	
  44 COOK ST., SUITE 400

  	
   

  	
  DENVER, CO 80202-4838

  
	
   

  	
  DENVER, CO 80206

  	
   

  	
  (303) 839-1300

  
	
   

  	
   

  	
   

  	
   

  
	
  Principal Amount: $15,000,000.00

  	
   

  	
  Date
  of Note: August 1, 2010

  

 

PROMISE TO PAY. STARTEK, INC.;
STARTEK USA, INC. and STARTEK CANADA SERVICES, LTD. (“Borrower”)
jointly and severally promise to pay to UMB BANK COLORADO, n.a. (“Lender”), or
order, in lawful money of the United States of America, the principal amount of
Fifteen Million & 00/100 Dollars ($15,000,000.00) or so much as may be
outstanding, together with interest on the unpaid outstanding principal balance
of each advance. Interest shall be calculated from the date of each advance
until repayment of each advance.

 

PAYMENT. Borrower will pay this loan
in one payment of all outstanding principal plus all accrued unpaid interest on
August 1, 2011.  In addition,
Borrower will pay regular monthly payments of all accrued unpaid interest due
as of each payment date, beginning September 1, 2010, with all subsequent
interest payments to be due on the same day of each month after that. Unless
otherwise agreed or required by applicable law, payments will be applied first
to any accrued unpaid interest; then to principal; then to any late charges;
and then to any unpaid collection costs. Borrower will pay Lender at Lender’s
address shown above or at such other place as Lender may designate in writing.

 

VARIABLE INTEREST RATE. The interest rate on this Note is subject
to change from time to time based on changes in an independent index which is
the LIBOR rate as the index rate.

 

The Borrower at the time of request of an advance
under this Note shall have the option of the following interest rate(s):

 

The Thirty (30) Day LIBOR Index plus 175 basis points
adjusted daily to the index on the advanced amount.

 

A Sixty (60) Day LIBOR Index plus 175 basis points on
the advanced amount. No payment or prepayment of an advance bearing interest at
the foregoing rate may be made on any date other than the last day of the
applicable interest period.

 

A Ninety (90) Day LIBOR Index plus 175 basis points on
the advanced amount. No payment or prepayment of an advance bearing interest at
the foregoing rate may be made on any date other than the last day of the
applicable interest period.

 

The interest rate options set forth above that are
based on the Sixty (60) Day LIBOR and the Ninety (90) Day LIBOR may not be
selected if the applicable interest period would extend beyond the maturity
date set forth in the Note.

 

(the “Index”). The Index is not necessarily the lowest
rate charged by Lender on its loans. If the Index becomes unavailable during
the term of this loan, Lender may designate a substitute index after notifying
Borrower. Lender will tell Borrower the current Index rate upon Borrower’s
request. The interest rate change will not occur more often than each DAY.
Borrower understands that Lender may make loans based on other rates as well.  The Index
currently is 0.32063% per annum. The interest rate to be applied to
the unpaid principal balance of this Note will be calculated as described in
the “INTEREST CALCULATION METHOD” paragraph using a rate of 1.750 percentage
points over the Index, adjusted if necessary for any minimum and maximum rate
limitations described below, resulting in an initial rate of 3.250% per annum
based on a year of 360 days. NOTICE: Under no circumstances will the interest
rate on this Note be less than 3.250% per annum or more than the maximum rate
allowed by applicable law.

 

INTEREST CALCULATION METHOD. Interest
on this Note is computed on a 365/360 basis; that is, by applying the ratio of
the interest rate over a year of 360 days, multiplied by the outstanding
principal balance, multiplied by the actual number of days the principal
balance is outstanding. All interest payable under this Note is computed using
this method. This calculation method results in a higher effective interest
rate than the numeric interest rate stated in this Note.

 

PREPAYMENT. Borrower agrees that all loan fees and
other prepaid finance charges are earned fully as of the date of the loan and
will not be subject to refund upon early payment (whether voluntary or as a
result of default), except as otherwise required by law. Except for the
foregoing, Borrower may pay without penalty all or a portion of the amount owed
earlier than it is due. Early payments will not, unless agreed to by Lender in
writing, relieve Borrower of Borrower’s obligation to continue to make payments
of accrued unpaid interest. Rather, early payments will reduce the principal
balance due. Borrower agrees not to send Lender payments marked “paid in full”,
“without recourse”, or similar language. If Borrower sends such a payment,
Lender may accept it without losing any of Lender’s rights under this Note, and
Borrower will remain obligated to pay any further amount owed to Lender.  All written communications concerning
disputed amounts, including any check or other payment instrument that
indicates that the payment constitutes “payment in full” of the amount owed or
that is tendered with other conditions or limitations or as full satisfaction
of a disputed amount must be mailed or delivered to: UMB BANK COLORADO, n.a.;
DOWNTOWN DENVER BANKING CENTER; 1670 BROADWAY; DENVER, CO 80202-4838.

 

LATE CHARGE. If a payment is 30 days or more late,
Borrower will be charged 10.000% of the
regularly scheduled payment or $50.00, whichever is less.

 

INTEREST AFTER DEFAULT. Upon default, including failure to pay
upon final maturity, the interest rate on this Note shall be increased by
adding a 2.000 percentage point margin (“Default Rate Margin”). The Default
Rate Margin shall also apply to each succeeding interest rate change that would
have applied had there been no default. However, in no event will the interest
rate exceed the maximum interest rate limitations under applicable law.

 

DEFAULT. Each of the following shall constitute an
event of default (“Event of Default”) under this Note:

 

Payment Default. Borrower fails to make any payment when
due under this Note following the expiration of applicable cure periods, if
any.

 

Other Defaults. Borrower fails to comply with or to
perform any other term, obligation, covenant or condition contained in this
Note or in any of the related documents or to comply with or to perform any
term, obligation, covenant or condition contained in any other agreement
between Lender and Borrower following the expiration of thirty (30) days after
written notice of such default is provided by Lender to Borrower.

 

False Statements. Any warranty, representation or statement
made or furnished to Lender by Borrower or on Borrower’s behalf under this Note
or the related documents is false or misleading in any material respect, either
now or at the time made or furnished or becomes false or misleading at any time
thereafter.

 

Insolvency. The dissolution or termination of
Borrower’s existence as a going business, the insolvency of Borrower, the
appointment of a receiver for any part of Borrower’s property, any assignment
for the benefit of creditors, any type of creditor workout, or the commencement
of any proceeding under any bankruptcy or insolvency laws by or against
Borrower.

 

Creditor or Forfeiture Proceedings. 
Commencement of foreclosure or forfeiture proceedings, whether by
judicial proceeding, self -help, repossession or any other method, by any
creditor of Borrower or by any governmental agency against any collateral
securing the loan. This includes a garnishment of any of Borrower’s accounts,
including deposit accounts, with Lender. However, this Event of Default shall
not apply if there is a good faith dispute by Borrower as to the validity or
reasonableness of the claim which is the basis of the creditor or forfeiture
proceeding and if Borrower gives Lender written notice of the creditor or
forfeiture proceeding and deposits with Lender monies or a surety bond for the
creditor or forfeiture proceeding, in an amount determined by Lender, in its
sole discretion, as being an adequate reserve or bond for the dispute.

 

Change In Ownership. Any person becomes the beneficial owner of
more than fifty percent (50%) of the common stock of Borrower.

 

Adverse Change. A material adverse change occurs in
Borrower’s financial condition, or Lender believes the prospect of payment or
performance of this Note is impaired.

 

LENDER’S RIGHTS. Upon default, Lender may declare the
entire unpaid principal balance under this Note and all accrued unpaid interest
immediately due, and then Borrower will pay that amount.

 

 

ATTORNEYS’ FEES; EXPENSES. Lender may hire or pay someone else to
help collect this Note if Borrower does not pay. Borrower will pay Lender the
reasonable costs of such collection. 
This includes, subject to any limits under applicable law, Lender’s
attorneys’ fees and Lender’s legal expenses, whether or not there is a lawsuit,
including without limitation attorneys’ fees and legal expenses for bankruptcy
proceedings (including efforts to modify or vacate any automatic stay or
injunction), and appeals. If not prohibited by applicable law, Borrower also
will pay any court costs, in addition to all other sums provided by law.

 

JURY WAIVER. Lender and Borrower
hereby waive the right to any jury trial in any action, proceeding, or
counterclaim brought by either Lender or Borrower against the other.

 

GOVERNING LAW. This Note will be
governed by federal law applicable to Lender and, to the extent not preempted
by federal law, the laws of the State of Colorado without regard to its
conflicts of law provisions. This Note has been accepted by Lender in the State
of Colorado.

 

CHOICE OF VENUE. If there is a lawsuit, Borrower agrees
upon Lender’s request to submit to the jurisdiction of the courts of DENVER
County, State of Colorado.

 

DISHONORED ITEM FEE. Borrower will pay a fee to Lender of
$25.00 if Borrower makes a payment on Borrower’s loan and the check or
preauthorized charge with which Borrower pays is later dishonored.

 

RIGHT OF SETOFF. To the extent permitted by applicable
law, Lender reserves a right of setoff in all Borrower’s accounts with Lender
(whether checking, savings, or some other account). This includes all accounts
Borrower holds jointly with someone else and all accounts Borrower may open in
the future. However, this does not include any IRA or Keogh accounts, or any
trust accounts for which setoff would be prohibited by law. Borrower authorizes
Lender, to the extent permitted by applicable law, to charge or setoff all sums
owing on the indebtedness against any and all such accounts, and, at Lender’s
option, to administratively freeze all such accounts to allow Lender to protect
Lender’s charge and setoff rights provided in this paragraph.

 

COLLATERAL. Borrower acknowledges this Note is
secured by ACCOUNTS RECEIVABLE AND GENERAL INTANGIBLES AS FURTHER DESCRIBED IN
SECURITY AGREEMENT DATED JUNE 26, 2009; DEEDS OF TRUST DATED JUNE 26, 2009 ON
PROPERTIES LEGALLY DESCRIBED THEREIN COMMONLY KNOWN AS 244 DUNDEE AVENUE,
GREELEY, COLORADO AND 1250 H STREET, GREELEY, COLORADO; A MORTGAGE DATED JUNE
26, 2009 ON PROPERTY LEGALLY DESCRIBED THEREIN COMMONLY KNOWN AS 116 E.
RANDOLPH AVENUE, ENID, OKLAHOMA AND A MORTGAGE DATED JUNE 26, 2009 ON PROPERTY
LEGALLY DESCRIBED THEREIN COMMONLY KNOWN AS 407 S. 2nd STREET, LARAMIE, WYOMING.

 

LINE OF CREDIT. This Note evidences a revolving line of
credit. Advances under this Note, as well as directions for payment from
Borrower’s accounts, may be requested orally or in writing by Borrower or by an
authorized person. Lender may, but need not, require that all oral requests be
confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced
in accordance with the instructions of an authorized person or (B) credited
to any of Borrower’s accounts with Lender. The unpaid principal balance owing
on this Note at any time may be evidenced by endorsements on this Note or by
Lender’s internal records, including daily computer print-outs. Lender will
have no obligation to advance funds under this Note if: (A) an Event of
Default has occurred under the terms of this Note or any agreement that
Borrower has with Lender, including any agreement made in connection with the
signing of this Note; (B) Borrower or any guarantor ceases doing business or is
insolvent; or (C) Borrower has applied funds provided pursuant to this
Note for purposes other than those authorized by Lender.

 

ADDITIONAL TERMS.  Each
and every advance made under this Note shall be at Lender’s sole discretion,
Lender having made no commitment to make any such advances.

 

Borrower shall not a) voluntarily transfer any assets
into trust or, b) if already owned in trust, shall not voluntarily transfer
title to such trust assets to any other person or entity, without giving Lender
at least 30 days prior written notice thereof.

 

ADDITIONAL TERMS.  ORAL
AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FOREBEAR FROM
ENFORCING REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT
ARE NOT ENFORCEABLE. TO PROTECT YOU (BORROWER(S) AND US (LENDER) FROM
MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH
MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE COMPLETE AND EXCLUSIVE
STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN
WRITING TO MODIFY IT.

 

SUCCESSOR INTERESTS. The terms of this Note shall be binding
upon Borrower, and upon Borrower’s heirs, personal representatives, successors
and assigns, and shall inure to the benefit of Lender and its successors and
assigns.

 

GENERAL PROVISIONS. If any part of this Note cannot be
enforced, this fact will not affect the rest of the Note. Lender may delay or
forgo enforcing any of its rights or remedies under this Note without losing
them. Each Borrower understands and agrees that, with or without notice to
Borrower, Lender may with respect to any other Borrower (a) make one or
more additional secured or unsecured loans or otherwise extend additional credit;
(b) alter, compromise, renew, extend, accelerate, or otherwise change one
or more times the time for payment or other terms of any indebtedness,
including increases and decreases of the rate of interest on the indebtedness; (c) exchange,
enforce, waive, subordinate, fail or decide not to perfect, and release any
security, with or without the substitution of new collateral; (d) apply
such security and direct the order or manner of sale thereof, including without
limitation, any non-judicial sale permitted by the terms of the controlling
security agreements, as Lender in its discretion may determine; (e) release,
substitute, agree not to sue, or deal with any one or more of Borrower’s
sureties, endorsers, or other guarantors on any terms or in any manner Lender
may choose; and (f) determine how, when and what application of payments
and credits shall be made on any other indebtedness owing by such other
Borrower. Borrower and any other person who signs, guarantees or endorses this
Note, to the extent allowed by law, waive presentment, demand for payment, and
notice of dishonor. Upon any change in the terms of this Note, and unless
otherwise expressly stated in writing, no party who signs this Note, whether as
maker, guarantor, accommodation maker or endorser, shall be released from
liability. All such parties agree that Lender may renew or extend (repeatedly
and for any length of time) this loan or release any party or guarantor or
collateral; or impair, fail to realize upon or perfect Lender’s security interest
in the collateral; and take any other action deemed necessary by Lender without
the consent of or notice to anyone. All such parties also agree that Lender may
modify this loan without the consent of or notice to anyone other than the
party with whom the modification is made. The obligations under this Note are
joint and several.

 

PRIOR TO SIGNING THIS NOTE, EACH
BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE
VARIABLE INTEREST RATE PROVISIONS. EACH BORROWER AGREES TO THE TERMS OF THE
NOTE.

 

BORROWER ACKNOWLEDGES RECEIPT OF A
COMPLETED COPY OF THIS PROMISSORY NOTE.

 

	
  BORROWER:

  	
   

  
	
   

  	
   

  
	
  STARTEK, INC.

  	
   

  
	
  By:

  	
  /s/ A. Laurence Jones

  	
   

  	
  By:

  	
  /s/ David G. Durham

  
	
  A. Laurence Jones, Chief Exec.
  Officer/Pres. of

  	
  David G. Durham, Exec. VP/CFO/Treasurer
  of

  
	
  STARTEK, INC.

  	
  STARTEK, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  STARTEK USA, INC.

  	
   

  
	
  By:

  	
  /s/ A. Laurence Jones

  	
   

  	
  By:

  	
  /s/ David G. Durham

  
	
  A. Laurence Jones, Chief Exe.
  Officer/Pres. of

  	
  David G. Durham, Exec
  VP/CFO/Treasurer of

  
	
  STARTEK USA, INC.

  	
  STARTEK USA, INC.

  
	
   

  	
   

  
	
  STARTEK CANADA SERVICES, LTD.

  	
   

  
	
  By:

  	
  /s/ A. Laurence Jones

  	
   

  	
  By: 

  	
  /s/ David G. Durham

  
	
  A. Laurence Jones, Chief Exec.
  Officer/Pres. of

  	
  David G. Durham, Exec.
  VP/CFO/Treasurer of

  
	
  STARTEK CANADA SERVICES, LTD.

  	
  STARTEK CANADA SERVICES, LTD.

  

 

LASER PRO Lending, Ver.
5.44.00.002 Copr. Harland Financial Solutions, Inc. 1997, 2009. All Rights
Reserved. - CO S:\A PPS\hfs\CFI\LPL\D20.FC TR-62141 PR-63 (M)

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