Document:

Exhibit 10.2

February 2, 2004

Mr. Irwin Nack

Dear Irwin:

I am pleased to confirm our offer of employment to you to join Hudson United Bank under the following terms:

	
Title:

	
First Senior Vice President, BSA/AML Compliance Officer

	
Reporting to:

	
Kenneth Neilson, Chairman, President & CEO (with dotted line reporting to the Audit Committee of the Board of Directors)

	
Responsibilities:

	
  BSA, AML, Compliance and Regulatory Affairs

	
 

	
Annual Salary:

	
  Your bi-weekly salary will be $7,692.30, which equates to $200,000 per year.

	
Sign on Bonus:

	
You will receive a special bonus equal to $100,000.00, to be paid to you upon hire.   In the event that you leave the Bank, within a year from hire, either voluntarily or through a termination for cause, you will be obligated to pay the amount of the sign-on bonus back to the Bank.

	
Severance:

	
In the event you lose your job through a Change of Control or through termination for any reason other than cause, you will be entitled to a severance equal to six months severance at your then base rate.

	
Restricted Stock:

	
You will be awarded 1,500 shares of Restricted Stock of Hudson United Bank. The stock will vest 33% 3, 4 and 5 years from date of award. In the event you lose your job through a Change of Control or through termination for any reason other than cause, these shares will become fully vested and exercisable immediately following the Change in Control or termination.

	
Bonus Program:

	
You will be eligible, under the terms and conditions of the plan, to participate in the Bank’s Annual Bonus Award program participating at the First Senior Vice President level. Awards are contingent upon the attainment of Bank, departmental and individual goals. For Bonus Plan year 2004, the bonus award target is set at 15%; bonus award will be capped at 50% of base salary.

Annual Performance Evaluation:

	
 

	
 

	
Performance evaluations are conducted annually with a formal review in December for all employees. In conjunction with these reviews, salary is reviewed. Salary increase consideration will include performance, the economic environment, last increase and other relevant matters. Salary increases are not automatic. For the first year of employment, performance evaluation related increases will be pro-rated to reflect the length of time with the Bank.

	
Benefits:

	
You will be eligible for the following benefits:

	
•

	
Medical and Dental insurance first of the month after 1 month of employment. The medical plans we currently offer do not have pre-existing condition clauses.

	
•

	
Life and AD&D insurance (1 times your base salary) first of the month after 1 month of employment.

	
•

	
LTD (50% of base salary) first of the month after 1month of employment.

	
•

	
Four weeks vacation beginning in 2004.

	
 

	
•

	
Pension eligibility accrual begins after 6 months of employment. 100% vesting occurs after 5 years of service.

 

 

 

 

	
•

	
You may elect to participate in the company’s 401k plan commencing on January 1st or July 1st of each year, provided you have completed 6 months of service or 1,000 hours. The 401k plan presently matches 50% of an employee’s base salary contributions, up to 6% of salary.

If you have any questions or concerns, please do not hesitate to give me a call. It is my understanding that you will be joining us on March 1, 2004.

Irwin, we look forward to you joining our organization.

 

Sincerely,

 

JEFF MCDONOUGH

 

Jeff McDonough

First Senior Vice President

Director of Human Resources

(201)236-2661

 

 

This letter should not be construed to be a contract or a promise of continued employment. Hudson United Bank is an at will employer. The offer of employment is also made in reliance upon the facts stated in your resume, employment application and/or the interviews conducted.

Hudson United Bank reserves the right to alter or change its Benefits Program or other discretionary benefit or compensation programs, based on business conditions or other objective criteria. Please refer to summary plan descriptions for detailed information about each plan.Promissory Note

Exhibit
10.5

PROMISSORY
NOTE

No.
001

$9,900.00                       Dated
February 10, 2005 

FOR VALUE
RECEIVED, the undersigned Maker promises to pay to the order of CAPITAL RESOURCE
FUNDING, INC., its successors or assigns, the sum of NINE THOUSAND NINE HUNDRED
AND NO/00 ($9,900.00) DOLLARS in lawful currency of the United States of America
ON DEMAND, together with interest at the rate of Six Percent (6%) per annum,
payable at maturity.

All
payments hereunder shall be due and payable at the executive offices of the
Payee, which are 2212 Lantern Way, Cornelius, North Carolina 28031. There shall
be no prepayment penalty with respect to this Promissory Note. In addition, this
Promissory Note in not assumable and is a personal obligation of the
undersigned.

Each
maker, endorser, and guarantor waives demand, notice of nonpayment and demand.
If any payment due is not made and remains unpaid for Ten (10) Days, it is in
default hereof. Any such payment in default shall bear interest at the rate of
Nine percent (9%) per annum from the date of default. In the event of default
hereunder, the entire unpaid balance hereof shall, at the option of the holder,
become due and payable upon demand. All costs and fees (including reasonable
fees and disbursements of legal counsel) incurred by the Payee as the result of
any default by anyone liable hereunder or as the result of any collection effort
by the Payee shall also be due and owing to the Payee. Failure to exercise any
right shall not be deemed a waiver of the right to exercise the same at any
subsequent date, or event.

The Maker
acknowledges receipt of a conformed duplicate copy of this promissory note and
acknowledges having read the same before affixing his signature
below.

This
promissory note is to be construed according to the laws of the State of North
Carolina, without regard to any choice of law principles.

IN
WITNESS WHEREOF, the Maker has duly executed this Promissory Note on the date
first written above.

 

	DAVID R. KORAN 
	 
	/s/ David R.Koran        
      
	
      (In
      His Individual Capacity)EXHIBIT 10.1

                          CONSULTANT SERVICES AGREEMENT

     This CONSULTANT SERVICES AGREEMENT (this "Agreement") is made effective as
of October 12, 2004, by and between Trinity Learning Corporation (the
"Company"), and Hyacinth Resources, Inc. (together, the "Consultant").

     WHEREAS, Consultant has considerable experience and expertise in financial
matters; and

     WHEREAS, the Company desires to retain the services of Consultant.

     NOW THEREFORE, in consideration of the mutual promises, covenants and
agreements made herein, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby mutually agree as follows:

1. APPOINTMENT AS CONSULTANT. The Company hereby appoints Consultant and
Consultant hereby accepts such appointment as consultant and advisor to the
Company pursuant to the terms and conditions set forth herein.

2. TERM. Unless earlier terminated as provided herein, the term of this
Agreement shall be for a period commencing October 12th, 2004 and ending
September 30th, 2005 ("Period of Consulting"); however, the Period of Consulting
shall automatically renew for successive ninety (90) day periods unless either
of the parties herein provides written notice to the other of its intent not to
renew at least ten (10) days prior to the expiration of the Period of Consulting
or any subsequent renewal period.

3. DESCRIPTION OF SERVICES. Consultant shall provide strategic business
consulting services and advise the Company on financial matters (collectively,
the "Services"). These "Services" include the following, but are not necessarily
limited to the below bullet list:

     o    to act as a consultant, business facilitator, and finder for Client in
          connection with various matters including but not limited to, customer
          research and development, product distribution, marketing efforts,
          business plan development, commercial or private loan and other debt
          financing efforts, and other business matters;

     o    to provide corporate structure, business and financial advice to
          Client;

     o    to refer Client to Contacts that are lending institutions and private
          lenders;

     o    to refer Client to Contacts who are providers of product marketing
          services,

     o    to refer Client to Contacts who are potential merger partners,
          strategic alliance participants, and to potential joint venture
          partners;

     o    to refer Client to Contacts who are potential buyers of assets or
          securities from Client;

     o    to refer Client to Contacts who are underwriters, placement agents and
          investment bankers.

                                                               Initials /s/ EM
                                                                        ------

<PAGE>

4. COMPENSATION; EXPENSES; BENEFITS. For services rendered hereunder, Consultant
shall be paid a total of $150,000 dollars in cash compensation and be granted
200,000 of the Trinity Learning Corporation class of common stock. It is hereby
acknowledged by the Company that Consultant is an independent contractor and as
such Consultant shall not be entitled to receive, and shall not receive, any
benefit provided by the Company to its employees, including, without limitation,
medical and dental insurance and paid vacation. The Company shall not be
responsible for deducting or withholding any taxes or other assessments from any
monies that it pays to Consultant under this Agreement or otherwise.

5. NO AGENCY. It is understood that Consultant is to act as a consultant and
advisor to the Company and not as an agent or employee of the Company in any
respect. Except as specifically granted to Consultant, Consultant shall have no
right, authority or power to act for or on behalf of the Company.

6. SUCCESSORS AND ASSIGNS. The provisions hereof shall inure to the benefit of
and be binding upon the permitted successors and assigns of the parties hereto.

7. NON-ASSIGNABILITY BY CONSULTANT. The rights and obligations of the Consultant
hereunder are not assignable and any prohibited assignment will be null and
void. The Company may assign this Agreement, provided that it will remain
primarily liable for its obligations hereunder.

8. GOVERNING LAW. This Agreement shall be interpreted under, subject to and
governed by the laws of the State of Utah, and all questions concerning the
validity, construction and administration shall be determined in accordance
thereby.

9. WAIVERS. The waiver of a breach by either party of a term or provision of
this Agreement, at any time or times, shall not be deemed or construed to be a
waiver of any subsequent breach or breaches of the same or of any other terms or
provisions of this Agreement at any time.

10. INVALIDITY. The invalidity or unenforceability of any provision of this
Agreement shall not affect any other provision hereof, and this Agreement shall
be construed in all respects as if such invalid or unenforceable provision was
omitted. Furthermore, in lieu of such an illegal, invalid or unenforceable
provision there shall be added automatically as a provision of this Agreement a
provision similar in terms to such illegal, invalid or unenforceable provision
as may be possible, legal, valid and enforceable.

11. COMPLETE AGREEMENT. This Agreement constitutes the entire understanding and
agreement between the parties with respect to the consulting of Consultant and
supersedes any and all other agreements, oral or written, between the parties.
No waiver, modification or amendment to this Agreement shall be valid unless the
same be reduced to writing and signed by the parties hereto.

12. NOTICES. All notices, requests, consents and other communications hereunder
shall be in writing and shall be deemed to have been made three (3) business
days after mailed first-class postage prepaid by registered or certified mail,
return receipt requested, or when delivered if by hand, overnight delivery
service or confirmed facsimile transmission, to the following: (a) if to the
Company, at such address as may have been furnished to Consultant by the Company
in writing, (b) if to Consultant, at such address as may have been furnished to
the Company by Consultant in writing.

                                                               Initials /s/ EM
                                                                        ------

                                        2
<PAGE>

13. CONSOLIDATION, MERGER OR SALE OF ASSETS. Nothing in this Agreement shall
preclude the Company from consolidating or merging in, to or with, or
transferring all or substantially all of its assets to, another corporation that
assumes this Agreement and all obligations and undertakings of the Company
hereunder.

14. FACSIMILE COPY. All duly executed copies of this agreement sent by facsimile
are fully binding under any and all applicable laws.

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

                                   Trinity Learning Corporation

                                   By: /s/ Edward Mooney
                                       ----------------------------
                                       Edward Mooney, President

ACCEPTED AND AGREED TO:

Hyacinth Resources, Inc.

----------------------------
Douglas Morris

     /     /
----------------
Date

                                        3

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