Document:

Amendment to Amended and Restated Employment Agreement

 Exhibit 10.1 
 AMENDMENT TO 
 AMENDED AND RESTATED 
 EMPLOYMENT AGREEMENT 
 THIS AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Amendment”) is made and entered into as of the 8th day of October,
2007 by and between THE PANTRY, INC., a Delaware corporation (the “Corporation”), and Daniel J. Kelly (the “Employee”). The Corporation and Employee may be referred to herein as “the Parties.” 
 W I T N E S S E T H : 
 WHEREAS,
the Corporation and Employee are parties to an Amended and Restated Employment Agreement (the “Agreement”) dated April 13, 2007; and 
 WHEREAS, the Corporation and Employee desire to amend the Agreement to provide for a reduction in salary, earlier payment of the Stay Bonus, and payment of the severance payment as a lump sum. 
 NOW, THEREFORE, in consideration of the mutual terms and conditions set forth below and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 1. Section 3.1, “Base Salary,” of the
Agreement is deleted and the following is inserted in lieu thereof: 
 3.1 Base Salary. Beginning
October 1, 2007, Employee’s base salary shall be Five Thousand Dollars ($5,000) per month, less any applicable taxes and withholdings. Employee’s salary shall be payable in accordance with the Corporation’s policies, procedures,
and practices as they may exist from time to time. 
 2. Section 3.2, “Bonus Programs and Stay Bonus,” of the Agreement
is amended by deleting the second paragraph and inserting the following in lieu thereof: 
 Employee will receive a Stay Bonus
of Fifty Thousand Dollars ($50,000) payable in a lump sum on or before October 15, 2007. If the Corporation should terminate his employment prior to that date without Cause (as defined herein), then Employee shall be entitled to the entire
amount of the Stay Bonus, payable in a lump sum on the date of termination. 

 3. Section 5.2, “By Corporation Without Cause,” of the Agreement is deleted and the
following is inserted in lieu thereof: 
 5.2 By Corporation Without Cause. If the Corporation terminates
Employee’s employment without Cause prior to November 30, 2007, then Employee shall be entitled to receive: (i) amounts due on the effective termination date; (ii) an amount (less any applicable taxes and withholdings) equal to
Employee’s then current monthly salary for the then remaining term of this Agreement payable in a lump sum within thirty (30) days of the termination date; and (iii) One Hundred Twenty Thousand Dollars ($120,000) (less any applicable
taxes and withholdings) payable in a lump sum within thirty (30) days of the termination date. 
 4. Section 5.4,
“Expiration of this Agreement,” of the Agreement is deleted and the following is inserted in lieu thereof: 
 5.4
Expiration of this Agreement. If this Agreement is not earlier terminated pursuant to Section 5.1, 5.2 or 5.3, then, upon the expiration of the term of this Agreement, November 30, 2007, Employee shall be entitled to receive One
Hundred Twenty Thousand Dollars ($120,000) (less any applicable taxes and withholdings) payable in a lump sum on or before December 31, 2007. 
 5. Except as amended hereby, the Amended and Restated Employment Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects. 
 IN WITNESS WHEREOF, this Amendment has been duly executed as of the date and year set forth above. 
  

			
	 /s/ Daniel J. Kelly 10/8/07

	 Daniel J. Kelly

	
	 THE PANTRY, INC.

		
	By:	 	 /s/ Peter J. Sodini 10/8/07

	Name:	 	Peter J. Sodini
	Title:	 	President and Chief Executive Officer

  

 2FORM OF INVESTMENT  MANAGEMENT TRUST  AGREEMENT BETWEEN CONTINENTAL  STOCK

 EXHIBIT 10.1 
 INVESTMENT MANAGEMENT TRUST AGREEMENT 
  This Agreement is made as of
[                    ], 2007 by and between Global BPO Services Corp., with its principal executive offices at 177 Beacon Street, Unit 4,
Boston, Massachusetts 02116 (the “Company”) and Continental Stock Transfer & Trust Company, with its principal executive offices at 17 Battery Place, New York, New York 10004 (the “Trustee”). 

 WHEREAS, the Company’s Registration Statement on Form S-1, as amended, No. 333-144447 (together with any registration statement filed
pursuant to Rule 462(b), the “Registration Statement”), for its initial public offering of securities (the “IPO”) has been declared effective as of the date hereof by the Securities and Exchange Commission (the
“Effective Date”); 
 WHEREAS, Deutsche Bank Securities Inc. (“Deutsche Bank”) is acting as the representative of
the underwriters in the IPO (the “Underwriters”); 
 WHEREAS, the Company has agreed to issue warrants in a private
placement that will occur prior to the IPO (the “Private Placement”); 
 WHEREAS, as described in the Registration
Statement, and in accordance with the Company’s Second Amended and Restated Certificate of Incorporation, an aggregate of $246,300,000 ($282,300,000 if the Underwriters’ over-allotment option is exercised in full), which is comprised of
(i) the net proceeds of the IPO (except as provided in the Registration Statement); (ii) the $7,500,000 received by the Company in exchange for its warrants pursuant to the Private Placement; and (iii) an additional $7,500,000 (or
$8,625,000, if the Underwriters’ over-allotment option is exercised in full) of the proceeds of the IPO, representing a portion of the Underwriters’ deferred discount (the “Deferred Discount”) which Deutsche Bank has
agreed to deposit in the Trust Account (as defined below), will be delivered to the Trustee to be deposited and held in the Trust Account for the benefit of the Company and the holders of the Company’s common stock, par value $.001 per share
(the “Common Stock”), included in the units of the Company’s securities issued in the IPO (the “Units”) and Deutsche Bank. The amount to be delivered to the Trustee will be referred to herein as the
“Property,” the stockholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public Stockholders,” and the Public Stockholders, Deutsche Bank and the Company will be referred to
together as the “Beneficiaries”); and 
 WHEREAS, the Company and the Trustee desire to enter into this Agreement to set
forth the terms and conditions pursuant to which the Trustee shall hold the Property. 
 NOW, THEREFORE, in consideration of the foregoing
and the mutual covenants and agreements herein contained, the parties hereto agree as follows: 
 1. Agreements and Covenants of Trustee. The Trustee
hereby agrees and covenants to: 
  (a) Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement, in
segregated trust accounts (the “Trust Account”) established by the Trustee at a branch of JP Morgan Chase N.A. and at a brokerage institution selected by the Trustee; 

 (b) Manage, supervise and administer the Trust Account subject to the terms and conditions set forth
herein; 
  (c) In a timely manner, upon the instruction of the Company, to invest and reinvest the Property in “government
securities,” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “1940 Act”), with a maturity of 180 days or less, or in any open ended investment company registered under the 1940
Act selected by the Company that holds itself out as a money market fund meeting the conditions of paragraphs (c)(2), (c)(3) and (c)(4) under Rule 2a-7 promulgated under the 1940 Act, as determined by the Company; 
  (d) Collect and receive, when due, all principal and income arising from the Property, which shall become part of the “Property,” as such term
is used herein; 
 (e) Notify the Company and Deutsche Bank of all communications received by it with respect to any Property requiring
action by the Company; 
 (f) Supply any necessary information or documents as may be requested by the Company in connection with the
Company’s preparation of the tax returns for the Trust Account or the Company; 
 (g) Participate in any plan or proceeding for
protecting or enforcing any right or interest arising from the Property if, as and when instructed by the Company and/or Deutsche Bank to do so; 
 (h) Render to the Company, and to such other persons as the Company may instruct, monthly written statements of the activities of and amounts in the Trust Account reflecting all receipts and disbursements of the Trust Account; 

(i) Commence liquidation of the Trust Account only upon receipt of and only in accordance with the terms of a letter (the “Termination
Letter”), in a form substantially similar to that attached hereto as Exhibit A or Exhibit B, signed on behalf of the Company by its Chief Executive Officer and Chief Financial Officer, and complete the liquidation of the Trust Account and
distribute the Property in the Trust Account only as directed in the Termination Letter and the other documents referred to therein as part of the Company’s plan of dissolution and liquidation. The Trustee understands and agrees that, except as
provided in Section 1(j) and Section 2 hereof, disbursements from the Trust Account shall be made only pursuant to a duly executed Termination Letter, together with the other documents referenced herein, including, without limitation, an
independently certified oath and report of inspector of election in respect of the stock vote in favor of the Business Combination. As used in this Agreement, the term “Business Combination” means the Company’s initial acquisition
through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction, joint venture or other similar business combination of at least majority ownership of one or more domestic or international operating businesses in
the business process outsourcing industry, having a fair market value of at least 80% of the Company’s net assets held in trust (net of taxes and amounts permitted to be disbursed for working capital purposes and excluding the amount held in
the trust 

  

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account representing the Deferred Discount) at the time of such acquisition, as more fully described in the prospectus forming a part of the Registration
Statement; and 
 (j) As of the date 24 months from the date of this Agreement, if the Company has failed to consummate a Business
Combination (the “Termination Date”), commence liquidation of the Trust Account. The Trustee, upon consultation with and receipt of written instruction from the Company and Deutsche Bank, shall deliver a notice to Public
Stockholders of record as of the Termination Date, by U.S. mail or via the Depository Trust Company (“DTC”), within five days of the Termination Date, to notify the Public Stockholders of such event and take such other actions as
the Company and Deutsche Bank may direct to inform the Beneficiaries. Thereafter, the Trustee shall deliver to each Public Stockholder its ratable share of the Property against satisfactory evidence of delivery of the stock certificates by the
Public Stockholders to the Company through DTC, its Deposit Withdraw Agent Commission (DWAC) system or as otherwise presented to the Trustee. 
 2.
Limited Distributions of Income on Property. 
 (a) Upon receipt by the Trustee of a written request signed by the Chief Executive
Officer and Chief Financial Officer of the Company, then at the written instruction of the Company, the Trustee shall promptly to the extent there is not sufficient cash in the Trust Account to pay such tax obligation, liquidate such assets held in
the Trust Account as shall be designated by the Company in writing, and disburse to the Company by wire transfer, out of the Property in the Trust Account, the amount indicated by the Company as owing in respect of such tax obligation; provided,
however, that in no event shall the aggregate amount of all checks issued to taxing authorities pursuant to this Section 2(a) exceed the interest earned in the Trust Account. It is understood and agreed that the only duty of the Trustee
with regard to this section is to follow the instruction of the Company. 
 (b) Upon written request from the Company in a form substantially
similar to that attached hereto as Exhibit C, the Trustee shall distribute to the Company an amount up to $3,250,000 in the aggregate of the income earned and collected on the Property, net of taxes payable, through the last day of the month
immediately preceding the date of receipt of the Company’s written request. 
 (c) Except as provided in Sections 1(i), 1(j), 2(a) and
2(b) above, no other distributions from the Trust Account shall be permitted. 
 (d) Upon receipt by the Trustee of a written instruction
from the Company signed by its Chief Executive Officer and Chief Financial Officer requesting distributions from the Trust Account in connection with a plan of dissolution and distribution, the Trustee shall distribute to the Company from the
property (i) the amount of actual expenses incurred or, where known with reasonable certainty, imminently to be incurred by the Company in connection with its dissolution and distribution, and (ii) any amounts due to pay creditors or
required to reserve for payment to creditors, an amount, as directed by the Company in the instruction letter, up to the sum of (i) and (ii) as indicated in the instruction letter. 
  

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 (e) It is understood and agreed that the Trustee’s only responsibility under Section 2(a), 2(b)
and 2(d) is to follow the instruction of the Company. 
 3. Agreements and Covenants of the Company. The Company hereby agrees and covenants:

 (a) To provide all instructions to the Trustee hereunder in writing, signed by the Company’s Chief Executive Officer and Chief
Financial Officer. In addition, except with respect to its duties under Sections 1(i), 1(j), 2(a) and 2(b) above, the Trustee shall be entitled to rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction which it
in good faith believes to be given by any one of the persons authorized above to give written instructions, provided that the Company and/or Deutsche Bank shall promptly confirm such instructions in writing; 
 (b) To hold the Trustee harmless and indemnify the Trustee from and against, any and all expenses, including reasonable counsel fees and disbursements,
or loss suffered by the Trustee in connection with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand which in any way arises out of or relates to this Agreement, the
services of the Trustee hereunder, or the Property or any income earned from investment of the Property, except for expenses and losses resulting from the Trustee’s gross negligence or willful misconduct. Promptly after the receipt by the
Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this paragraph, it shall notify the Company in writing of such claim (hereinafter
referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct and manage the defense against such Indemnified Claim, provided that the Trustee shall obtain the consent of the Company with respect to the
selection of counsel, which consent shall not be unreasonably withheld. The Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which consent shall not be unreasonably withheld. The Company may
participate in such action with its own counsel; 
 (c) To pay the Trustee an initial acceptance fee, an annual fee and a transaction
processing fee for each disbursement made pursuant to Sections 2(a), 2(b) and 2(d) as set forth on Schedule A hereto, which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property shall
not be used to pay such fees and further agreed that said transaction processing fees shall be deducted by the Trustee from the disbursements made to the Company pursuant to Section 2. The Company shall pay the Trustee the initial acceptance
fee and first year’s fee at the consummation of the IPO and thereafter on the anniversary of the Effective Date. The Trustee shall refund to the Company the annual fee (on a pro rata basis) with respect to any period after the liquidation of
the Trust Fund. The Company shall not be responsible for any other fees or charges of the Trustee, except as set forth in this Section 3(c) and as may be provided in Section 3(b) hereof (it being expressly understood that the Property
shall not be used to make any payments to the Trustee under such Sections); 
 (d) that, in the event that the Company consummates a Business
Combination and the Trust Account is liquidated in accordance with Section 1(i) hereof, the Trustee or another 

  

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independent party designated by Deutsche Bank shall act as the inspector of election to certify the results of the stockholder vote; 
 (e) In connection with any vote of the Company’s stockholders regarding a Business Combination, to provide to the Trustee an affidavit or
certificate of a firm regularly engaged in the business of soliciting proxies and tabulating stockholder votes (which firm may be the Trustee) verifying the vote of the Company’s stockholders regarding such Business Combination; and 

(f) Within five business days after Deutsche Bank’s over-allotment option (or any unexercised portion thereof) expires or is exercised in full,
to provide the Trustee notice in writing (with a copy to Deutsche Bank) of the total amount of the Deferred Discount, which shall in no event be less than $7,500,000. 
 4. Limitations of Liability. The Trustee shall have no responsibility or liability to: 
 (a) Take any
action with respect to the Property, other than as directed in Section 1 hereof and the Trustee shall have no liability to any party except for liability arising out of its own gross negligence or willful misconduct; 
 (b) Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding of any kind
with respect to, any of the Property unless and until it shall have received written instructions from the Company given as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses
incident thereto; 
 (c) Change the investment of any Property, other than in compliance with Section 1(c); 
 (d) Refund any depreciation in principal of any Property; 
 (e) Assume that the authority of any person designated by the Company and/or Deutsche Bank to give written instructions hereunder shall not be continuing unless provided otherwise in such designation, or unless the
Company and/or Deutsche Bank shall have delivered a written revocation of such authority to the Trustee; 
 (f) The other parties hereto or
to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in good faith and in the exercise of its own best judgment, except for its gross negligence or willful misconduct. The Trustee may rely
conclusively on, and shall be protected in acting upon, any order, judgment, instruction, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee), statement, instrument, report or other paper or document
(not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is believed by the Trustee, in good faith, to be genuine and to be signed
or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument
delivered to the Trustee signed 

  

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by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give its prior written consent thereto; 

(g) Verify the correctness of the information set forth in the Registration Statement or to confirm or assure that any acquisition made by the Company
or any other action taken by it is as contemplated by the Registration Statement, unless an officer of the Trustee has actual knowledge thereof, written notice of such event is sent to the Trustee or as otherwise required under Section 1(i)
hereof; 
 (h) Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to income and activities
relating to the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company (including but not limited to income tax obligations), it being expressly understood that as set forth in Section 1(i), if there is any
income or other tax obligation relating to the Trust Account or the Property in the Trust Account, as determined from time to time by the Company and regardless of whether such tax is payable by the Company or the Trust, at the written instruction
of the Company, the Trustee shall make funds available in cash from the Property in the Trust Account an amount specified by the Company as owing to the applicable taxing authority, which amount shall be paid directly to the Company by electronic
funds transfer, account debit or other method of payment, and the Company shall forward such payment to the taxing authority; and 
 (i)
Verify calculations, qualify or otherwise approve Company requests for distributions pursuant to Section 2(a), 2(b), 2(c) and 2(d) above. 
 5.
Certain Rights Of Trustee. 
 (a) Before the Trustee acts or refrains from acting, it may require an opinion of counsel. The Trustee
shall not be liable for any action it takes or omits to take in good faith in reliance on such opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization
and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 
 (b) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care; 
 (c) The Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Agreement; and 
 (d) The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Agreement, and it shall not be
accountable for the Company’s use of the proceeds from the Trust Account. Notwithstanding the effective date of this Agreement or anything to the contrary contained in this Agreement, the Trustee shall have no liability or responsibility for
any act or event relating to this Agreement or the transactions related thereto which occurs prior to the date of this Agreement, and shall have no contractual obligations to the Beneficiaries until the date of this Agreement. 
  

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 6. No Right of Set-Off. The Trustee waives any right of set-off or any right, title, interest or claim of any kind
that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b), the Trustee will pursue such claim
solely against the Company and not against the property held in the Trust Account. 
 7. Termination. This Agreement shall terminate as follows:

 (a) If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee during which time the Trustee shall continue to act in accordance with the terms of this Agreement. At such time that the Company notifies the Trustee that a successor trustee has been appointed by the Company
and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer of copies of the reports and statements relating to
the Trust Account, whereupon this Agreement shall terminate; provided, however, that, in the event that the Company does not locate a successor trustee within ninety days of receipt of the resignation notice from the Trustee, the Trustee may submit
an application to have the Property deposited with the United States District Court for the Southern District of New York and, upon such deposit, the Trustee shall be immune from any liability whatsoever that arises due to any actions or omissions
to act by any party after such deposit; or 
 (b) At such time that the Trustee has completed the liquidation of the Trust Account in
accordance with the provisions of Section 1(i) hereof, and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to Section 3(b) hereof. 
 8. Miscellaneous. 
 (a) The Company and the Trustee
each acknowledge and agree that the Trustee will follow the security procedures set forth below with respect to funds transferred from the Trust Account. Upon receipt of written instructions, the Trustee will confirm such instructions with an
“Authorized Individual” at an “Authorized Telephone Number” listed on the attached Exhibit D. The Company and the Trustee will each restrict access to confidential information relating to such security procedures to authorized
persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained access to such information, or of any change in its authorized personnel. In executing funds transfers, the Trustee will
rely upon account numbers or other identifying numbers of a beneficiary, beneficiary’s bank or intermediary bank, rather than names. The Trustee shall not be liable for any loss, liability or expense resulting from any error in an account
number or other identifying number, provided it has accurately transmitted the numbers provided. 
 (b) This Agreement shall be governed by
and construed and enforced in accordance with the laws of the State of New York, for agreements made and to be wholly performed within such state, without giving effect to conflict of laws. It may be executed in several counterparts, each one of
which shall constitute an original, and together shall constitute but one instrument. Facsimile signatures shall constitute original signatures for all purposes of this Agreement. 
  

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 (c) This Agreement contains the entire agreement and understanding of the parties hereto with respect to
the subject matter hereof. This Agreement or any provision hereof may only be changed, amended or modified by a writing signed by each of the parties hereto; provided that such action shall not materially adversely affect the interests of the Public
Stockholders. Any other change, waiver, amendment or modification to this Agreement shall be subject to approval by a majority of the Public Stockholders. As to any claim, cross-claim or counterclaim in any way relating to this Agreement, each party
waives the right to trial by jury. 
 (d) The parties hereto consent to the jurisdiction and venue of any state or federal court located in
the State and County of New York for purposes of resolving any disputes hereunder. The parties hereto irrevocably submit to such jurisdiction, which jurisdiction shall be exclusive, and hereby waive any objection to such exclusive jurisdiction and
that such courts represent an inconvenient forum. 
 (e) Any notice, consent or request to be given in connection with any of the terms or
provisions of this Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by facsimile transmission: 
 if to the Trustee, to: 
 Continental Stock
Transfer & Trust Company 
 17 Battery Place 
 New York, New York 10004 
 Attn: Steven Nelson and Frank Di Paolo 
 Fax: 212-509-5150 
 if to the Company, to:

 Global BPO Services Corp. 
 177
Beacon Street, Unit 4 
 Boston, MA 02116 
 Attn: R. Scott Murray, Chief Executive Officer 
 Fax No.: 781-898-7649 
 In either case with a copy to: 
 Wilmer
Cutler Pickering Hale and Dorr LLP 
 60 State Street 
 Boston, MA 02109 
 Attn: Mark Borden, Esq. 
 Fax No.: (617) 526-5000 
 and:

 Deutsche Bank Securities Inc. 
 300 South Grand Avenue, 42nd Floor 
 Los Angeles, CA 90071 
 Attn: Syndicate Manager 
  

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 Fax No.: (212) 797-9344 
 and: 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 300 South Grand Avenue, Suite 3400 
 Los Angeles, CA 90071 
 Attn: Gregg A. Noel,
Esq. 
 Fax No.: (213) 687-5600 
 (f) This Agreement may not be assigned by the Trustee without the prior written consent of the Company and Deutsche Bank. This agreement may be assigned by the Company to a wholly-owned subsidiary of the Company upon written notice to the
Trustee. 
 (g) Each of the Trustee and the Company hereby represents that it has the full right and power and has been duly authorized to
enter into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be
entitled to any funds in the Trust Account under any circumstance. 
 (h) The Trustee hereby consents to the inclusion of Continental Stock
Transfer & Trust Company in the Registration Statement and other materials relating to the IPO. 
 (i) Deutsche Bank shall be a
third party beneficiary of this Agreement. 
 [Remainder of document intentionally left blank. Signature page to follow.] 
  

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 IN WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement as of the
date first written above. 
  

			
	 CONTINENTAL STOCK TRANSFER
 & TRUST
COMPANY, as Trustee

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	GLOBAL BPO SERVICES CORP.
		
	By:	 	  

	Name:	 	R. Scott Murray
	Title:	 	Chief Executive Officer

  

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 EXHIBIT A 
 [LETTERHEAD OF COMPANY] 
 [INSERT DATE] 
 Continental Stock Transfer & Trust Company 
 17 Battery Place 
 New York, New York 10004 
 Attn:
[            ] 
  

	Re:	Trust Account No.
[                            ] Termination Letter 

 Gentlemen: 
 Pursuant to Section 1(i) of the Investment
Management Trust Agreement between Global BPO Services Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of
[                    ], 2007 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement (the
“Business Agreement”) with                              (the “Target Business”) to
consummate a business combination with Target Business (a “Business Combination”) on or about [INSERT DATE]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (the
“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have the meaning ascribed to them in the Trust Agreement. 
 In accordance with paragraph B of Article 6 of the Second Amended and Restated Certificate of Incorporation of the Company, a majority of the outstanding shares of Common Stock issued in the Company’s IPO of
securities (the “IPO Shares”) have voted for approval of such Business Combination, and Public Stockholders owning less than 30% of the IPO Shares have voted against the Business Combination and given notice of exercise of their conversion
rights described in paragraph C of Article 6 of the Second Amended and Restated Certificate of Incorporation of the Company. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence liquidation of the Trust Account to
the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company and Deutsche Bank shall direct in writing on the Consummation Date.

 On the Consummation Date, (i) counsel for the Company shall deliver to you written notification that all of the conditions to closing
of the Business Combination have been satisfied and the Business Combination has been consummated or will, concurrently with your transfer of funds to the accounts as directed by the Company, be consummated, and; (ii) the Company shall deliver
along with the oath and report of inspector of election certified by an independent inspector appointed by Deutsche Bank (collectively, the “Report”); and (iii) the Company and Deutsche Bank shall deliver to you joint written
instructions with respect to the transfer of the funds, including the Deferred Discount, held in the Trust Account (“Instructions”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately
upon your receipt of counsel’s letter, the Report, and the Instructions in accordance with the terms of 

 
the Instructions. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will
notify the Company and Deutsche Bank of the same and, if the amount set forth in sub-clause (1) shall not have been paid in full, Deutsche Bank and the Company shall issue joint written instructions directing you as to whether such funds should
remain in the Trust Account and be distributed after the Consummation Date to the Company and/or Deutsche Bank. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated.

 In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not
notified you on or before the original Consummation Date of a new Consummation Date, then, upon your receipt of written instruction signed by the Company and Deutsche Bank, the funds held in the Trust Account shall be reinvested as provided in the
Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. 
  

			
	 Very truly yours,

	
	GLOBAL BPO SERVICES CORP.
		
	By:	 	  

		 	 R. Scott Murray
 Chief Executive
Officer

 EXHIBIT B 
 [LETTERHEAD OF COMPANY] 
 [INSERT DATE] 
 Continental Stock Transfer & Trust Company 
 17 Battery Place 
 New York, New York 10004 
 Attn: Steven Nelson and Frank Di Paolo 

 

	Re:	Trust Account No.
[                            ] Termination Letter 

 Gentlemen: 
 Pursuant to Section 1(j) of the Investment
Management Trust Agreement between Global BPO Services Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of
[                    ], 2007 (the “Trust Agreement”), this is to advise you that the Company has been dissolved due to the
Company’s inability to effect a Business Combination within the time frame specified in the Company’s prospectus relating to its IPO. Attached hereto is a certified copy of the Certificate of Dissolution as filed with the Delaware
Secretary of State. 
 In accordance with the terms of the Trust Agreement, we hereby authorize you to commence liquidation of the Trust
Account as a part of the Company’s plan of dissolution and distribution. The Company has appointed
[                                        
    ] to serve as its Designated Paying Agent; accordingly, you will notify the Company and the “Designated Paying Agent” in writing as to when all of the funds in the Trust Account will be available for immediate
transfer (the “Transfer Date”). The Designated Paying Agent shall thereafter notify you as to the account or accounts of the Designated Paying Agent that the funds in the Trust Account should be transferred to on the Transfer Date so that
the Designated Paying Agent may commence distribution of such funds in accordance with the terms of the Trust Agreement and the Company’s instructions. You shall have no obligation to oversee the Designated Paying Agent’s distribution of
the funds. Upon the payment of all the funds in the Trust Account, the Trust Agreement shall be terminated and the Trust Account closed. 
  

			
	Very truly yours,
	
	GLOBAL BPO SERVICES CORP.
		
	By:	 	  

		 	R. Scott Murray, Chief Executive Officer

 EXHIBIT C 
 [LETTERHEAD OF COMPANY] 
 [Insert Date] 
 Continental Stock Transfer & Trust Company 
 17 Battery Place

 New York, New York 10004 
 Attn: Frank Di Paolo and Cynthia
Jordan 
  

	Re:	Trust Account No.
[                            ] — Distribution of Income on Property 

 Gentlemen: 
 Pursuant to Section 2(b) of the Investment Management Trust
Agreement between
                                        
(“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of                     , 2007
(“Trust Agreement”), we are requesting for our working capital purposes that you deliver to us $                     representing
income earned and collected on the Property from                              to
                            . In accordance with the terms of the Trust Agreement, you are hereby
directed and authorized to transfer said amount, less any fees due the Trustee pursuant to Section 3(c) of the Trust Agreement, immediately upon your receipt of this letter to the Company’s operating account at: 
  

			
	Bank:	 	[                            ]
	ABA #:	 	[                            ]
	Account Name:	 	
	Account Number:	 	[                            ]
	Reference:	 	Distribution request

  

			
	 Very truly yours,

		
	 By:
	 	  

 EXHIBIT D 
  

			
	 AUTHORIZED INDIVIDUAL(S)
 FOR TELEPHONE CALL
BACK
	 	 AUTHORIZED
 TELEPHONE NUMBER(S)

		
	Company:	 	
		
	Global BPO Services Corp.	 	(781) 210-2271
	177 Beacon Street, Unit 4	 	
	Boston, MA 02116	 	
	Attn: R. Scott Murray, Chief Executive Officer	 	
		
	Deutsche Bank Securities Inc.	 	
		
	300 South Grand Avenue, 42nd Floor	 	 (212) 250-2500

	Los Angeles, CA 90071	 	
	Attn: Syndicate Manager	 	
		
	Trustee:	 	
		
	Continental Stock Transfer & Trust Company	 	(212) 845 3201
	17 Battery Place	 	
	New York, NY 10004	 	
	Attn: Steven Nelson and Frank Di Paolo	 	

 SCHEDULE A 
 Schedule of fees pursuant to Section 3(c) of Investment Management Trust Agreement 
 between Global BPO Services Corp. and

 Continental Stock Transfer & Trust Company 
  

						
	 Fee Item
	 	 Time and method of payment
	 	Amount
	Initial acceptance fee	 	Initial closing of IPO by wire transfer	 	$	1,000
	Annual fee	 	First year, initial closing of IPO by wire transfer; thereafter on the anniversary of the effective date of the IPO by wire transfer or check	 	$	3,000
	Transaction processing fee for disbursements to Company under Sections 2(a), 2(b) and 2(d)	 	Deduction by Trustee from disbursement made to Company under Section 2	 	$	250

  

					
		 	Agreed:
	Dated:                     , 2007	 	
		 	Global BPO Services Corp.
			
		 	By:	 	  

		 		 	Authorized Officer
		
		 	Continental Stock Transfer & Trust Co.
			
		 	By:	 	  

		 		 	Authorized Officer

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