Document:

ex10-8.htm

    Exhibit
10(viii)

    

    Oiltek,
Inc.

    7808
Creekridge Circle, Suite 105

    Minneapolis,
Minnesota 55439

    

    January 30, 2009

    

    Avalon
Oil & Gas, Inc.

    7808
Creekridge Circle

    Suite
105

    Minneapolis,
MN 55439

    

    Re:           Promissory
Notes

    

    Gentlemen:

    

    Reference is made to the following
convertible promissory notes (the “Notes”) issued by Oiltek, Inc. (the “Debtor”)
in favor of Avalon Oil & Gas, Inc. (the “Holder”):

     

    
      
        
          
            
              
                	
                        Date:

                      	 	
                        Principal
      Amount:

                      	 
	
                        December
      26, 2007

                      	 	$	10,000	 
	
                        January
      9, 2008

                      	 	$	5,000	 
	
                        January
      18, 2008

                      	 	$	5,000	 
	
                        February
      27, 2008

                      	 	$	5,000	 
	
                        March
      11, 2008

                      	 	$	11,000	 

              

            

          

        

      

    

     

    Each of the Notes states that the
outstanding principal balance and all accrued interest may be converted into the
Debtor’s Common Stock at $0.01 per share.  It is hereby agreed between
the Debtor and the Holder that this was not intended by the parties, and that
the Notes shall henceforth be deemed non-convertible.  The Holder
acknowledges that it shall not have the right to convert the outstanding
principal balance or accrued interest with respect to the Notes into the
Debtor’s Common Stock.

    

    The Debtor and the Holder further agree
that the maturity date of each of the Notes shall be extended to July 1,
2009.

    

    If this letter agreement accurately
reflects our agreement, please sign where indicated below.

    

    Oiltek, Inc.

    

    

    By: /s/ Jill
Allison_______________

           Jill Allison,
President

    Agreed
to:

    

    Avalon
Oil & Gas, Inc.

    

    By: /s/ Kent
Rodriguez_____________

           Kent
Rodriguez, President and CEOex10-1.htm

    
      

    

    Exhibit 10.1

     

    Internap
Network Services Corporation

    
      250
Williams Street

      Atlanta,
GA  30303

      

      January
16, 2009

      

      

      

      Eric
Cooney

      4535 E
Conway Dr NW

      Atlanta,
GA 30327

      

      Dear
Eric:

      

      On behalf
of Internap Network Services Corporation, subject to satisfactory completion of
reference checks and the RRA assessment process, I am pleased to offer you the
position of President and Chief Executive Officer.  Additionally, you
would be appointed as a director of Internap.  This letter outlines
the terms of this offer, which assumes that you would commence work on February
1, 2009.

       

      Your
annual base salary would be $600,000, payable in accordance with Internap’s
payroll practices, and would be reviewed annually for possible
increases.  Your annual target bonus would be 100% of your annual base
salary, commencing your start date.  The performance criteria
underlying the bonus for 2009 would be established by Internap’s Board of
Directors no later than March 31, 2009.  Your bonus would be
structured so that the maximum bonus opportunity is twice the target
bonus.

       

      You would
receive a cash signing bonus of $300,000, payable upon your commencement of
work.  However, if your employment terminates on or prior to March 1,
2011, under the circumstances described in Section 1.3 of the Employment
Security Plan, which is discussed below, you will be obligated to reimburse
Internap for 50% of the signing bonus.  All compensation is subject to
customary withholdings and practices of Internap.

       

      Upon
commencement of your work, you will be granted an option to purchase 600,000
shares of Internap common stock at an exercise price equal to the closing price
on the day of commencement.  The vesting schedule for these options
will be 25% on the first anniversary of the grant date and in 36 equal monthly
installments thereafter.

      

      You will
also receive a new hire grant of 300,000 shares of restricted stock. These
restricted shares will vest in four equal annual increments. Additionally, on
the first anniversary of your commencement date, you will receive a grant of
200,000 shares of restricted stock that will vest in four equal annual
increments from the date of grant.  Finally, on the second anniversary
of your commencement date, you will be granted an additional 200,000 shares of
restricted stock that will vest in four annual increments from the date of
grant.   Vesting of restricted stock is subject to the surrender
of shares for the payment of applicable taxes.

      

      You would
accrue 20 days of vacation/sick leave annually as well as three personal days
each year.  You would have the right to carry over any unused vacation
subject to the maximum accrual under the Company policy.  In addition,
you would be eligible to participate in the health, welfare and other benefit
plans made available to Internap’s executive officers.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

        
          Page
2

           

           

        

      

      You would
receive the benefit of Internap’s Employment Security Plan, which has been
provided to you.  Your “Joinder Agreement” to the Employment Security
Plan would provide for an “Applicable Multiple” equal to “one” in the event of a
“Qualifying Termination” other than during a “Protected Period,” and “2.5” in
the event of a “Qualifying Termination” during a “Protected Period”
(essentially, in the event of a change-in-control related
termination).  The Employment Security Plan covers all of our other
executive officers and, we believe, provides eminently fair and market-based
benefits in the event of a termination.  The Employment Security Plan
is the exclusive source of your rights in the event that your employment is
terminated.

       

      You will
be subject to Internap’s stock retention guidelines, which generally require
that you hold 50% of the shares that you receive from Internap, net after taxes
and transaction costs, for five years from the date of their
acquisition.

       

      Your
continued status as a director of Internap is subject to periodic stockholder
approval and such other limitations as might apply to directors
generally.

       

      Lastly,
your employment by Internap will be “at will.”  Both you and Internap
will have the right to terminate the employment relationship at any time with or
without cause, and with or without advance notice.  In the event that
your employment with the company is terminated for any reason, you agree to
immediately resign as a director of the Company upon request.  We are
excited about the future of Internap and are confident in your ability to lead
Internap to the next level of its development.  We hope that you will
accept this offer and look forward to a long and prosperous relationship with
you.

       

      This
offer is made on the basis of your starting your employment on February 1, 2009,
or in consideration of your transition from your current employer, a date
mutually agreed upon by February 1, 2009.  If this offer is acceptable
to you, please indicate your acceptance by signing a copy of this letter and
returning it to me.

       

                              Sincerely
yours,

      

                              /s/ Charlie
Coe

      

                              Charlie
Coe

                              On behalf of the
Board of Directors

      

      Accepted:

      

      /s/ J. Eric
Cooneyex10-2.htm

    
      

    

    Exhibit 10.2

     

    
      Joinder
Agreement

      For

      Eric
Cooney

      

      The
undersigned hereby agrees to be bound by the terms and conditions of the
Employment Security Plan of Internap Network Services, Inc., dated as of
November 14, 2007, as if he initially had executed such Plan as a party thereto,
and, without by implication limiting the foregoing, agrees to each
acknowledgment, covenant and other agreement contained therein.

      

      The
provisions below shall apply notwithstanding Section 1.2(f) of the
Plan.

      

      (a) In
the event that it shall be determined that any Payment would constitute an
“excess parachute payment” within the meaning of Section 280G of the Code, then
the Company shall pay the Executive an additional amount (the “Gross-Up Payment”)
such that the net amount retained by the Executive after deduction of any excise
tax imposed under Section 4999 of the Code, and any federal, state and local
income tax, employment tax, excise tax and other tax imposed upon the Gross-Up
Payment, shall be equal to the Payment.  For purposes of this
provision, “Payment” means any
payment or distribution or provision of benefits by the Company to or for the
benefit of Executive, whether paid or payable or distributed or distributable
pursuant to the terms of this Agreement or otherwise, but determined without
regard to any reductions required by this provision.

      

      (b)
Except as set forth in the next sentence, all determinations to be made under
this provision shall be made by the nationally recognized independent public
accounting firm used by the Company immediately prior to the Change of Control
(“Accounting
Firm”), which Accounting Firm shall provide its determinations and any
supporting calculations to the Company and Executive within ten days of
Executive’s Termination Date. If determined by the Accounting Firm to be
excludible from parachute payments under Section 280G of the Code, the value of
the Executive’s non-competition covenant under Section 2.3 of the Plan shall be
determined by independent appraisal by a nationally-recognized business
valuation firm acceptable to both the Executive and the Company, and a portion
of the Payment shall, to the extent of that appraised value, be specifically
allocated as reasonable compensation for such non-competition covenant and shall
not be treated as a parachute payment. Any such determination by the Accounting
Firm shall be binding upon the Company and Executive.

      

      (c) It is
possible that amounts will have been paid or distributed by the Company to or
for the benefit of Executive pursuant to this provision that should not have
been so paid or distributed (“Overpayment”) or that
additional amounts which will have not been paid or distributed by the Company
to or for the benefit of Executive pursuant to this Agreement could have been so
paid or distributed (“Underpayment”).  In
the event that the Accounting Firm, based either upon the assertion of a
deficiency by the Internal Revenue Service against the Company or Executive that
the Accounting Firm believes has a high probability of success determines that
an Overpayment has been made, any such Overpayment paid or distributed by the
Company to or for the benefit of Executive shall be treated for all purposes as
a loan to Executive that Executive shall repay to the Company together with
interest at the applicable federal rate provided for in Section 7872(f)(2) of
the Code; provided, however, that no such loan shall be deemed to have been made
and no amount shall be payable by Executive to the Company if and to the extent
such deemed loan and payment would not either reduce the amount on which
Executive is subject to tax under Sections 1 and 4999 of the Code or generate a
refund of such taxes. In the event that the Accounting Firm, based upon
controlling precedent or substantial authority, determines that an Underpayment
has occurred, any such Underpayment shall be promptly paid by the Company to or
for the benefit of Executive together with interest at the applicable federal
rate provided for in Section 7872(f)(2) of the Code.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      (d) All
of the fees and expenses of the Accounting Firm in performing the determinations
referred to in this provision shall be borne solely by the Company.

      

      (e) All
payments to be made under this provision (other than the Underpayment described
in  paragraph (c) must be made by the end of the Executive’s
taxable year next following the Company’s taxable year in which the Company
remits the related taxes.  Any right to reimbursement incurred due to
a tax audit or litigation addressing the existence or amount of a tax liability
must be made by the end of the Executive’s taxable year following the
Executive’s taxable year in which the taxes that are the subject of the audit or
litigation are remitted to the taxing authorities or, where no such taxes are
remitted, the end of the Executive’s taxable year following the year in which
the audit is completed or there is a final and non-appealable settlement or the
resolution of the litigation.

      

      Notwithstanding
the provisions of the Plan, Section 5.13(b)(ii)(A) shall be deemed modified with
respect to Employee so as to delete the words “, other than due solely to the
fact that Company no longer is a publicly traded company,”.

      

      Notwithstanding
the provisions of the Plan, (i) Schedule A shall be deemed to contain the title
“Chief Executive Officer;” and (ii) Schedule B shall be deemed to contain an
entry for “Chief Executive Officer” and correspondingly in the first column
shall be deemed to contain the number “1” and the second column shall be deemed
to contain the number “2.5”.

       

      
        
          
            
              
                
                  
                    	
                             

                          	
                             

                          	/s/ J.
      Eric Cooney	 
	 	 	Employee	 
	 	 	 	 

                  

                

              

            

          

        

        
          
            
              
                
                  
                    	
                             

                          	
                             

                          	January
      28, 2009	 
	 	 	Date	 

                  

                

              

            

          

          
            
              
                
                  
                    	 	 
	
                            /s/
      Richard P. Dobb

                          	 
	
                                  
                              Chief
      Administrative Officer

                            

                          	 

                  

                

              

            

          

        

      

      

       

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