Document:

Amendment No. 10

 EXHIBIT 10-AAii 
  
 AMENDMENT NUMBER 10 TO 
 TRANSFER AND ADMINISTRATION AGREEMENT 
  
 AMENDMENT NUMBER 10 TO TRANSFER AND ADMINISTRATION AGREEMENT (this “Amendment”), dated as of September 10, 2005 among TECH DATA CORPORATION, a Florida corporation (“Tech Data”), as
collection agent (in such capacity, the “Collection Agent”), TECH DATA FINANCE SPV, INC., a Delaware corporation headquartered in California, as transferor (in such capacity, the “Transferor”), YC SUSI TRUST, a
Delaware statutory trust (“SUSI Issuer”), LIBERTY STREET FUNDING CORP., a Delaware corporation, (“Liberty”), AMSTERDAM FUNDING CORPORATION, a Delaware corporation (“AFC”), FALCON ASSET
SECURITIZATION CORPORATION, a Delaware corporation, (“Falcon” and collectively with the SUSI Issuer, Atlantic, Liberty, and AFC, the “Class Conduits”), THE BANK OF NOVA SCOTIA, a banking corporation organized and
existing under the laws of Canada, acting through its New York Agency (“Scotia Bank”), as a Liberty Bank Investor and as agent for Liberty and the Liberty Bank Investors (in such capacity, the “Liberty Agent”), ABN
AMRO BANK N.V., a banking corporation organized and existing under the laws of the Netherlands and acting through its Chicago Branch (“ABN AMRO”), as an AFC Bank Investor and as agent for AFC and the AFC Bank Investors (in such
capacity, the “AFC Agent”), JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One, N.A.), a national banking association (“JPMorgan Chase”), as a Falcon Bank Investor and as agent for Falcon and the Falcon Bank
Investors (in such capacity, the “Falcon Agent”) and BANK OF AMERICA, NATIONAL ASSOCIATION, a national banking association (“Bank of America”), as agent for the SUSI Issuer, Liberty, AFC, Falcon, the SUSI Issuer
Bank Investors, the Liberty Bank Investors, the AFC Bank Investors and the Falcon Bank Investors (in such capacity, the “Administrative Agent”), as a SUSI Issuer Bank Investor, as agent for the SUSI Issuer and the SUSI Issuer Bank
Investors (in such capacity, the “SUSI Issuer Agent”) and Lead Arranger, amending that certain Transfer and Administration Agreement dated as of May 19, 2000, among the Transferor, the Collection Agent, the Class Conduits (as
defined thereunder) and the Bank Investors (as amended to the date hereof, the “Original Agreement” and said agreement as amended hereby, the “Agreement”). 
  
 WHEREAS, the Transferor has requested that certain amendments be made to the
Original Agreement 
  
 WHEREAS, the Agent, the Class Conduits, the
Class Agents and the Bank Investors on the terms and conditions set forth herein, consent to such amendments; and 
  
 WHEREAS, capitalized terms used herein shall have the meanings assigned to such terms in the Original Agreement; 
  
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein
contained, the parties hereto agree as follows: 
  
 SECTION 1.
SECTION 1. Amendment to Section 1.1. Section 1.1 of the Original Agreement is hereby amended by adding in the appropriate alphabetical position the following: 
  
 “Responsible Officer” means, with respect to any Person, the president, the chief executive officer, the
chief financial officer, treasurer or chief accounting officer of such Person.” 

 SECTION 2. Amendment of Section 5.1(a). Sections 5.1(a)(i), (ii) and (iii) of the
Original Agreement are hereby deleted and replaced with the following: 
  
 “(i) Annual Reporting. Within ninety-five (95) days after the close of each of its fiscal years, for itself consolidated and consolidating unaudited balance sheets as at the close of such fiscal year and consolidated and
consolidating profit and loss and reconciliation of surplus statements and a statement of cash flows for the period from the beginning of such fiscal year to the end of such fiscal year, all certified by one of its Responsible Officers. 

 
 (ii) Quarterly Reporting. Within fifty (50) days after the
close of the first three quarterly periods of each of its fiscal years, for itself consolidated and consolidating unaudited balance sheets as at the close of each such period and consolidated and consolidating profit and loss and reconciliation of
surplus statements and a statement of cash flows for the period from the beginning of such fiscal year to the end of such quarter, all certified by one of its Responsible Officers. 
  
 (iii) Compliance Certificate. Within ninety-five (95) days of the close of each of its fiscal years and within
fifty (50) days of the close of each of the first three fiscal quarters of each of its fiscal years, a compliance certificate signed by one of its Responsible Officers stating that no Termination Event or Potential Termination Event exists for
any Class, or if any Termination Event or Potential Termination Event exists for any Class, stating the nature and status thereof.” 
  
 SECTION 3. Amendment to Section 5.1(n). Section 5.1(n) of the Original Agreement is hereby deleted and replaced with the following
(solely for convenience, changed language is italicized): 
  
 “(n) Legends. At all times from and after September 30, 2005, the Transferor shall cause each and every electronic representation of any Receivable (whether in disk, tape or other medium), as well as any paper
printout of any such electronic records, to be clearly marked with the following legend: “ANY PROSPECTIVE PURCHASER OF THE ACCOUNTS DESCRIBED HEREIN OR ANY SECURED PARTY WITH RESPECT THERETO IS HEREBY NOTIFIED THAT AN INTEREST IN THESE
ACCOUNTS HAS BEEN SOLD OR TRANSFERRED TO A THIRD PARTY LENDER, PURCHASER OR SECURED PARTY.” Such legend shall be in bold, in type face at least as large as 10 point and shall be entirely in capital letters.” 
  
 SECTION 4. Amendment of Section 5.3(a). Sections 5.3(a)(ii) and
(iii) of the Original Agreement are hereby deleted and replaced with the following (solely for convenience, changed language is italicized): 
  
 “(ii) Quarterly Reporting. Within fifty (50) days after the close of the first three quarterly periods of each of its fiscal years, for
itself consolidated and consolidating unaudited balance sheets as at the close of each such period and consolidated and consolidating profit and loss and reconciliation of surplus statements and a statement of cash flows for the period from the
beginning of such fiscal year to the end of such quarter, all certified by one of its Responsible Officers. 

 (iii) Compliance Certificate. Together with the financial statements required hereunder, a
compliance certificate signed by one of its Responsible Officers stating that no Termination Event or Potential Termination Event exists for any Class, or if any Termination Event or Potential Termination Event exists for any Class, stating
the nature and status thereof and containing a computation of, and showing compliance with, each of the financial ratios and restrictions contained in this Agreement.” 
  
 SECTION 5. Amendment of Section 11.7. Section 11.7 of the Original Agreement is hereby deleted and replaced
with the following: 
  
 “SECTION 11.7. Treatment of
Certain Information; Confidentiality  
  
 Each of the
Administrative Agent, the Class Investors and the Class Agents agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) solely in respect of Information relating to the
Collection Agent’s servicing hereunder and the Receivables (including information relating to defaults, delinquencies, collection, payment and/or liquidation rates and concentrations), to its Affiliates and to its and its Affiliates’
respective partners, directors, officers, employees, agents, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep
such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to
the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) among the Administrative Agent and the Bank Investors only, and in respect of Information relating to the Collection Agent’s servicing
hereunder and the Receivables (including information relating to defaults, delinquencies, collection, payment and/or liquidation rates and concentrations), to any party hereto, (e) solely in respect of Information relating to the Collection
Agent’s servicing hereunder and the Receivables (including information relating to defaults, delinquencies, collection, payment and/or liquidation rates and concentrations), in connection with the exercise of any remedies hereunder or under any
other Transaction Document or any action or proceeding relating to this Agreement or any other Transaction Document or the enforcement of rights hereunder or thereunder, (f) solely in respect of Information relating to the Collection
Agent’s servicing hereunder and the Receivables (including information relating to defaults, delinquencies, collection, payment and/or liquidation rates and concentrations), subject to an agreement containing provisions substantially the same
as those of this Section, to (i) any assignee of or participant in, or any prospective assignee of or participant in, any of its rights or obligations under this Agreement or (ii) any potential Bank Investor, any related commercial paper
issuer that finances a Class Conduit, any related Liquidity Provider or any related Credit Support Provider in relation to this Agreement, (g) solely in respect of Information relating to the Collection Agent’s servicing hereunder and the
Receivables (including information relating to defaults, delinquencies, collection, payment and/or liquidation rates and concentrations), to any nationally recognized rating agency rating any Class Conduit’s Commercial Paper, (h) with the
consent of the Collection Agent or the Transferor or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Class
Investor, Class Agent or any of their respective Affiliates on a nonconfidential basis from a source other than the Collection Agent or the Transferor. 
  
 For purposes of this Section, “Information” means all information received from the Collection Agent or the Transferor relating to the Collection Agent
or the Transferor or any of their respective businesses, other than any such information that is available to the 

 
Administrative Agent, any Class Investor or Class Agent on a nonconfidential basis prior to disclosure by the Collection Agent or the Transferor,
provided that, in the case of information received from the Collection Agent or the Transferor after the date of Amendment Number 10 to this Agreement, such information is clearly identified at the time of delivery as confidential. Any Person
required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information. 
  
 Each of the Administrative Agent, the Class Investors and the Class Agents acknowledges that (a) the Information may include material non-public information concerning the Collection Agent or the Transferor, as the case may be,
(b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable Law, including Federal and state securities
Laws.” 
  
 SECTION 6. Conditions Precedent. This
Amendment shall not become effective until the day on which the Administrative Agent shall have received the following: 
  
 (a) A copy of this Amendment executed by each party hereto; 
  
 (b) A copy of the Resolutions of the Board of Directors of the Transferor and Tech Data certified by its Secretary approving this Amendment and the other
documents to be delivered by the Transferor and Tech Data hereunder; 
  
 (c) A Certificate of the Secretary of the Transferor and Tech Data certifying the names and signatures of the officers authorized on its behalf to execute this Amendment and any other documents to be delivered by it hereunder (on which
Certificates the Class Conduits, the Class Agents, the Administrative Agent and the Bank Investors may conclusively rely until such time as the Administrative Agent shall receive from the Transferor and Tech Data a revised Certificate meeting the
requirements of this clause (c)). 
  
 SECTION 7. Special
Obligor. The parties hereto agree and acknowledge that that as of the date hereof no Obligor is designated as a Special Obligor. 
  
 SECTION 8. Representations and Warranties. The Transferor hereby makes to the Class Investors, the Class Agents and the Administrative Agent, on
and as of the date hereof, all of the representations and warranties set forth in Section 3.1 of the Original Agreement. In addition, the Collection Agent and the Guarantor hereby make to the Class Investors, the Class Agents and the
Administrative Agent, on the date hereof, all the representations and warranties set forth in Section 3.3 of the Original Agreement. 
  
 SECTION 9. Successors and Assigns. This Amendment shall bind, and the benefits hereof shall inure to the parties hereof and their respective
successors and permitted assigns; 
  
 SECTION 10. Governing
Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE TRANSFEROR HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
AND OF ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

 SECTION 11. Severability; Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument. Any provisions of this
Amendment which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
  
 SECTION 12. Captions. The captions in this Amendment are for convenience of reference only and shall not define or limit any of the terms or
provisions hereof. 
  
 SECTION 13. Ratification. Except as
expressly affected by the provisions hereof, the Original Agreement as amended by this Amendment shall remain in full force and effect in accordance with its terms and ratified and confirmed by the parties hereto. On and after the date hereof, each
reference in the Original Agreement to “this Agreement”, “hereunder”, “herein” or words of like import shall mean and be a reference to the Original Agreement as amended by this Amendment. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date first
written above. 
  

			
	TECH DATA FINANCE SPV, INC.,
	as Transferor
		
	By:	 	 /s/ Jeffery P. Howells

	Name:	 	Jeffery P. Howells
	Title:	 	Executive Vice President and Chief
	 	 	Financial Officer
	
	 TECH DATA CORPORATION,
 as Collection
Agent

		
	By:	 	 /s/ Jeffery P. Howells

	Name:	 	Jeffery P. Howells
	Title:	 	Executive Vice President and Chief
	 	 	Financial Officer

			
	YC SUSI TRUST
		
	By:	 	Bank of America, National Association, as
	 	 	Administrative Trustee of YC SUSI Trust
		
	By:	 	 /s/ John Zeszutek

	Name:	 	John Zeszutek
	Title:	 	Vice President
	
	LIBERTY STREET FUNDING CORP.
		
	By:	 	 /s/ Andrew L. Stidd

	Name:	 	Andrew L. Stidd
	Title:	 	President
	
	AMSTERDAM FUNDING CORPORATION
		
	By:	 	 /s/ Andrew L. Stidd

	Name:	 	Andrew L. Stidd
	Title:	 	President
	
	FALCON ASSET SECURITIZATION
	CORPORATION
		
	By:	 	 /s/ Maureen E. Marcon

	Name:	 	Maureen E. Marcon
	Title:	 	Authorized Signatory
	
	BANK OF AMERICA, NATIONAL
	ASSOCIATION, as Administrative Agent,
	SUSI Issuer Agent and as a SUSI Issuer Bank Investor
		
	By:	 	 /s/ John Zeszutek

	Name:	 	John Zeszutek
	Title:	 	Vice President

			
	
	THE BANK OF NOVA SCOTIA, as Liberty
	Agent and as a Liberty Bank Investor
		
	By:	 	 /s/ J. Alan Edwards

	Name:	 	J. Alan Edwards
	Title:	 	Managing Director
	
	 ABN AMRO BANK N.V., as AFC Agent
 and as an
AFC Bank Investor

		
	By:	 	 /s/ Michael McIntyre

	Name:	 	Michael McIntyre
	Title:	 	Vice President
		
	By:	 	 /s/ Kevin G. Pilz

	Name:	 	Kevin G. Pilz
	Title:	 	Vice President
	
	JPMORGAN CHASE BANK, N.A.
	 (successor by merger to Bank One, N.A.),
 as
Falcon Agent and as a Falcon Bank Investor

		
	By:	 	 /s/ Maureen E. Marcon

	Name:	 	Maureen E. MarconSumTotal Systems Executive Incentive Plan 2005

 Exhibit 10.1 
  
 

 
  
 SUMTOTAL SYSTEMS 
 EXECUTIVE INCENTIVE PLAN 
 2005

 As Amended, December 1, 2005 
  
 SECTION 1 - INTRODUCTION 
  
 Plan Objectives 
  
 The goal of SumTotal Systems’ Executive Incentive Plan (the “Plan”) is to enhance and reinforce the goals of SumTotal Systems (the “Company”) for profitable growth, by providing executives
with additional financial incentives and rewards for attainment of such growth. Final approval of the payment of any awards made under the Plan is subject to the sole discretion of the Compensation Committee of the Board of Directors
(“Compensation Committee”) and the Chief Executive Officer. 
  
 Effective Date 
  
 The Plan is effective for the year
beginning January 1, 2005 and ending December 31, 2005; provided, however, that the Company can modify, alter, expand, retract or cancel the Plan in its entirety, with or without advance notice. 
  
 SECTION 2 - DEFINITIONS 
  
 Definitions of terms as used throughout this Plan document
are as follows: 
  

	•	 	“Quarter” means the three-month period coinciding with the Company’s fiscal quarters. 

  

	•	 	“Year” means the twelve-month period coinciding with the Company’s annual fiscal year. 

  

	•	 	“Plan” is the SumTotal Systems Executive Incentive Plan. 

  

	•	 	“Participant” means an employee designated and approved by the Compensation Committee and/or the Chief Executive Officer to participate in the Plan.

  

	•	 	“Bookings” is the number published in the final bookings report. 

  

	•	 	“Revenue” is the number in the reported non-GAAP financials. 

  

	•	 	“Operating Profit” excludes the following non-cash and one-time charges: stock based compensation, all amortization and depreciation, certain merger related expenses and
restructuring charges. It also excludes any accruals for this incentive plan. 

  

	•	 	Gender. Except when otherwise indicated by the context, any masculine terminology used herein shall also include the feminine, and the definition of any terms herein in the singular
shall also include the plural. 

  

 Page 1 of 6 

 

 
  
 SECTION 3 - PLAN ADMINISTRATION

  
 Administration 
  
 The Plan shall be administered by the Chief Executive
Officer, with oversight by the Compensation Committee. 
  
 Participation

  
 Participation in the Plan shall be limited to regular employees of
the Company. In selecting participants, the Chief Executive Officer shall consider an individual’s position and potential impact on the Company’s business results and performance. A Participant who joins the plan during the Year will have
his bonus award prorated for the time he was eligible to participate in the Plan. 
  
 Bonus Awards 
  
 A bonus fund shall be established for
purposes of determining the total award allocations to each Participant. Computation of the total bonus pool is described in Part II of this Plan. Each Participant award is determined based on the Participant’s target incentive percentage of
base salary, achievement of company quantitative goals, and individual performance measures (Most Important Tasks – MITs) as discussed in Section 4. 
  

Payment of Bonuses 
  
 Normal Payment. A quarterly or annual bonus is not earned until the day the bonus is paid for a given quarter or year, as the case may be. Since no portion of a
bonus is earned until it is paid, in order to receive any particular payout under the Plan, the Participant receiving the payout must be an active employee on the day the bonus is paid. Bonus payments are typically made within thirty days following
the end of the Plan period. If termination of employment occurs for any reason other than death, total disability, or approved leave of absence, no bonus shall be deemed earned for the Plan period in which such termination occurs. 
  
 Payment Under Conditions of Approved Leave of Absence. If an employee is on an
approved Leave of Absence (subject to SumTotal’s Leave of Absence policy), such Participant shall be deemed to have earned a proportionate share of what would otherwise be that period’s actual bonus. The amount of such award shall be the
amount which would have been earned had the Participant been employed by the Company during the full period, multiplied by a fraction, the numerator of which is the number of days that the Participant was actively at work during that award period
and the denominator of which is the number of days in that full Award period. 
  

 Page 2 of 6 

 

 
  
 Payment Under Conditions of Termination. The
right to participate in this Plan will become void upon termination of employment for any reason, except as specifically set forth below, effective as of the last day of employment. 
  
 If termination of employment occurs on account of death or total disability, such terminating Participant shall be deemed to have earned a
proportionate share of what would otherwise be that period’s actual bonus. The amount of such award shall be the amount which would have been earned had the Participant been employed by the Company during the full period, multiplied by a
fraction, the numerator of which is the number of days that the Participant was employed by the Company during that award period and the denominator of which is the number of days in that full Award period. 
  
 Participant Transfer. If a Participant is transferred to another position within the
Company during the quarter or year, and experiences a change in his eligibility to participate in this Plan, partial awards will be made based on a pro rata determination as described in the preceding paragraph. 
  
 Plan Changes 
  
 The Company reserves the right to amend, revoke, or cancel this plan or any portion of it, at any time, for any reason whatsoever, with or
without cause or advance notice. Payouts may not be made under this Plan at any time if, in the sole discretion of the Chief Executive Officer or Compensation Committee, the overall financial performance of the Company does not warrant the payment
of these awards. 
  
 Other Conditions 
  
 Right of Assignment. No Participant may sell, assign, transfer, discount, or pledge
as collateral for a loan or otherwise anticipate his right to any distribution under this plan. In the event of a Participant’s death, payment shall be made to the Participant’s designated beneficiary, or in the absence of such
designation, to the Participant’s estate. 
  
 Right of Employment.
Nothing in this Agreement alters the “at will” nature of every Participant’s employment. In other words, a Participant or SumTotal may terminate a Participant’s employment relationship for any reason or for no reason, with or
without cause or advance notice. 
  
 Withholding for Taxes. The Company
shall have the right to deduct from all payments under this Plan any federal or state taxes or other payroll withholdings as required by law to be withheld with respect to such payments. 
  

 Page 3 of 6 

 

 
  
 SECTION 4 - OPERATING RULES 
  
 Plan Design 
  
 The Plan is based 80% on Business Financials and 20% on achievement of a Participant’s Annual MITs. All payouts under the Plan are
subject to the overall financial performance of the Company 
  
 The maximum payout
for the total year and for each quarter is 100% of the appropriate target. For the first three (3) quarters of the year, the payment is based on the results for the relevant quarter only. Any amount above 100% of target achieved in any quarter
is not paid out but is banked and will be applied at the end of the year to make up for any shortfall for quarters where less than 100% of target was earned. 
  
 Total payouts are not “capped,” in the event the Corporate Financial Performance is stellar. The Compensation Committee may in its sole discretion determine at
the end of the year any above-cap or “super-bonus” payout for achievement of greater than 100% of financial plan results. In the event of the failure to achieve at least 90% of Plan, the Compensation Committee may in its sole discretion
approve bonus payments. 
  

	•	 	Business Financials – 80% of total bonus target (or 20% of total bonus target per quarter) 

  
 The business financials will be reviewed on a quarterly basis based on the following indicators and weightings: 

 

			
	 •      Bookings 40%
	  	(or 32% of total bonus target)
	 •      Revenue 30%
	  	(or 24% of total bonus target)
	 •      Operating Profit 30%
	  	(or 24% of total bonus target)

  
 The quarterly
payments will be based on cumulative quarterly financials – 3 months results, 6 months results, 9 months results and year-end results. 
  
 Plan Payout based on Corporate Financial Performance for Bookings and Revenue: 
  

			
	 •      Achieve less than 90% of plan
	 	0% payout
	 •      Achieve 90% of plan
	 	50% payout
	 •      Achieve 100% or more of plan
	 	100% payout
	 •      Straight-line payout between 90-100% of plan.
	 	 

                 (e.g. Achieve 95% of plan eligible for a 75% payout) 
  

Plan Payout based on Corporate Financial Performance for Operating Profit: 
  

	 	•	 	Straight-line payout between 0-100% of plan 

       (e.g. Achieve 50% of plan receive 50% payout) 
  

 Page 4 of 6 

 

 
  
 Each business financial indicator
stands on its own for purposes of assessing quarterly results subject to the overall financial performance of the company. 
  

 Page 5 of 6 

 

 
  
 EXAMPLE 
  

	•	 	Business Financials – 80% of total bonus target 

  

			
	 Potential Business Financials Bonus Under the Plan (60%)

		
	Assumptions:	 	 $100,000 base salary, 25% target bonus (0.25 x $100,000=$25,000) Business Financials at 80% of target
 bonus (0.8 x $25,000=$20,000) Target met at 100% for each indicator

  

							
	 Indicator

	  	Per Quarter
Maximum

	  	Annual Total
Maximum

	 Bookings (0.4 x $20,000)
	  	$	2,000	  	$	8,000
			
	 Revenue (0.3 x $20,000)
	  	$	1,500	  	$	6,000
			
	 Operating Profit (0.3 x $20,000)
	  	$	1,500	  	$	7,500
			
	 Total Bonus
	  	$	5,000	  	$	20,000

  

	•	 	Most Important Tasks (MITs) – 20% of total bonus target 

  
 MITs are agreed upon at the beginning of the year, updated each quarter and approved by the Chief Executive Officer or his designee; and, in the case of
the Chief Executive Officer, by the Compensation Committee. 
  
 The MITs bonus of up to 20% of the Participant’s targeted bonus will be paid annually after year-end. 
  

			
	                 Potential MITs Bonus Under the Plan
(20%)

		
	Assumptions:	 	$100,000 base salary, 25% target bonus (0.25 x $100,000=$25,000) MITs at 20% of target bonus (0.2 x
$25,000=$5,000) MITs met at 100%

  

						
	 Indicator

	  	Per Quarter

	  	Annual

	 MITs (.2 * $25,000)
	  	N/A	  	$	5,000

  

	•	 	Potential Annual Bonus: 

  

				
	 Business Financials @ 100%
	  	$	20,000
	 MITs @ 100%
	  	$	 5,000
	 TOTAL
	  	$	25,000

  

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