Document:

EXHIBIT 10.1

 

2004
BONUS PROGRAM OF EDGE PETROLEUM CORPORATION

 

Under
the Company’s bonus program, the annual bonus of the executive officers is
determined by recommendation of the Compensation Committee, after reviewing
recommendations of the Chairman and Chief Executive Officer, which is then
submitted to the full Board for approval. 
The amount of bonus that may be earned is based on a targeted percentage
of the executive officer’s annual salary, subject to a maximum-targeted
percentage.  The bonuses of the executive
officers for 2004 were based 80% on achievement of the Company’s overall
performance objectives as established by the Compensation Committee and 20% on
achievement of the individual’s performance objectives. The Company’s overall
performance objectives are measured by certain operational and financial
objectives.  The operational objectives
for the Company for 2004 consisted of targeted annual increases in reserves
(weighted 40%) and production (weighted 30%), competitive finding and development
costs (weighted 15%) and operating expenses (weighted 15%).  These are then compared to the prior year and
with those projected in the Company’s annual budget for the applicable period.
The financial objectives for the Company for 2004 were to ensure that funds
were available to execute the Company’s capital spending program as projected
in its approved 2004 annual budget and plan while maintaining a prudent
financial structure with a debt-to-total capital ratio of less than 30%,
subject to adjustment due to acquisitions.

 

Individual
performance is assessed by a performance management process based on mutually
defined expectations for each employee, including executive officers. The
process includes individual appraisal components that are both objective and
subjective. The objective components include quantifiable objectives and the
subjective performance components include roles and accountabilities,
performance attributes and behaviors. Individual performance of the executive
officers, except the Chief Executive Officer, is first assessed by the Chief
Executive Officer, who makes recommendations to the Compensation Committee for
its consideration.  Bonus opportunities
for Messrs. Long and Tugwell for 2004 ranged from 0% to 80% of base
salary. Mr. Elias’ employment agreement provides a bonus opportunity
ranging from 0% to 100% of his base salary subject to the achievement of
specific objective and subjective performance criteria established mutually
between the Compensation Committee and Mr. Elias on an annual basis. For
2004, the Board determined that a bonus for Mr. Elias would be determined
based 80% on the achievement of the same Company performance criteria
applicable to the other executive officers and 20% on the achievement of
certain individual performance objectives as determined by the Compensation
Committee and approved by the full Board.

 

In
determining competitive compensation levels, including bonus awards and long
term stock-based incentive awards, the Company analyzes data that includes
information regarding compensation levels and programs in the energy sector and
more specifically in the oil and natural gas exploration and production
segment.  This data is provided by an
independent human resource consultant that compiles annual energy compensation
information on a comparative basis for 277 different positions.  There are currently 199 energy companies,
including the Company, that are represented in this survey.

 

Under
the bonus program, the 2004 bonuses were paid in cash on April 1, 2005.EXHIBIT 10.2

 

BASE SALARIES BONUSES AND LONG-TERM INCENTIVE
AWARDS

FOR CERTAIN EXECUTIVE OFFICERS

 

	
   

  	
   

  	
   

  	
   

  	
  Percentage

  	
   

  	
   

  	
   

  	
  Long-Term

  Incentive Award(3)

  	
   

  
	
  Executive Officer

  	
   

  	
  New Base Salary(1)

  	
   

  	
  Increase

  from 2004(2)

  	
   

  	
  2004 Bonus

  	
   

  	
  Number of

  Shares

  	
   

  	
  Value(4)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  John W.
  Elias

  Chairman, President

  & CEO

  	
   

  	
  $

  	
  350,000

  	
   

  	
  0

  	
   

  	
  $

  	
  210,000

  	
   

  	
  8,583

  	
   

  	
  $

  	
  140,804

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Michael G.
  Long

  Executive Vice President

  & CFO

  	
   

  	
  $

  	
  200,000

  	
   

  	
  12

  	
  %

  	
  $

  	
  109,000

  	
   

  	
  4,683

  	
   

  	
  $

  	
  76,825

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  John O.
  Tugwell

  Executive Vice President

  & COO

  	
   

  	
  $

  	
  205,000

  	
   

  	
  12

  	
  %

  	
  $

  	
  111,000

  	
   

  	
  4,683

  	
   

  	
  $

  	
  76,825

  	
   

  

 

(1)   These
base salaries are effective April 1, 2005.

(2)   The
percentage is a combination of a merit and promotional increase.

(3)   These
were grants of restricted stock made on April 1, 2005 that vest ratably over a
three-year period beginning with the first anniversary of the grant date.

(4)   The
value of the grant of restricted stock was as of the grant date, April 1, 2005.BP (54173) LOYALTYPOINT, INC.  Exhibit 10.1

EXHIBIT 10.1

SECOND AMENDMENT

TO THE RESELLER AGREEMENT BETWEEN

SCHOOLPOP, INC. AND

AMERICAN EXPRESS INCENTIVE SERVICES, L.LC.

April 5, 2005

This second amendment (the “Amendment”) by and between SCHOOLPOP, INC. and AMERICAN EXPRESS INCENTIVE SERVICES, L.L.C. (“AEIS”), is entered into as of this first day of April 2005.

WHEREAS, the parties have previously entered into a Reseller Agreement (the “Agreement”) effective August 1, 2004 and a First Amendment to the Agreement effective October 11, 2004; and

WHEREAS, the parties wish to amend the Agreement upon the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

The Agreement is hereby amended to change the following provisions:

Section 1, Purpose, is hereby amended by adding the following subsection:

“c. 

Schoolpop may resell the Persona Select Card as a standalone product to its Clients.”

Section 2.a — Exclusivity, is hereby replaced with the following:

“Schoolpop shall continue to have the exclusive right to resell Cards in the NPO Marketplace. During January 2006, the parties shall discuss the existing relationship as defined herein, as well as assess whether the partnership is meeting the objectives of both parties. At such time the parties will use best efforts to mutually agree upon Persona Select annual volume targets for the 2006, 2007 and 2008 Contract Years, upon which future exclusivity rights will be based.”

Section 2.b — Exclusivity, is hereby replaced with the following:

“It is agreed and understood by the parties that in exchange for the exclusivity rights as detailed in 2.a, Schoolpop shall pay AEIS a marketing rights fee (“Marketing Rights Fee”), of $125,000, which will be paid in nine (9) monthly installments with the first installment in the amount of $25,000 being due by April 30, 2005. The next eight (8) installments (May through December 2005) shall each be in the amount of $12,500. AEIS will invoice Schoolpop monthly and each invoice is payable by the month end of the respective invoice.”

Section 3, Inventory and Forecasting, is hereby amended by adding a new subsection as follows:

“o. 

Effective March 2, 2005, Schoolpop shall effectively manage and deplete its current inventory of Encompass Bundles, Fill it Up Cards, and Be My Guest Cards in accordance with the Card Life requirement in Section 3.b of this Agreement, and shall cease ordering such products. Further, Schoolpop may only order Persona Select Cards for resale throughout the term of this Agreement, unless otherwise agreed to in writing.”

Page 1 of 2

Exhibit 2, Schoolpop Card Pricing, is hereby amended by replacing all products and pricing listed with the following:

“Persona Select 8% off face”

The terms of the Agreement are hereby amended and modified by the terms and conditions of this Amendment, which shall supersede and prevail over any conflicting terms and conditions set forth in the Agreement. Except as specifically set forth herein (or as set forth in any other written amendments which may be entered into between the parties), all of the terms and conditions of the Agreement remain unmodified and in full force and effect.

IN WITNESS WHEREOF, the parties have signed this Amendment to the Program Agreement as of the date set forth below.

	SCHOOLPOP, INC.

	 	AMERICAN EXPRESS INCENTIVE SERVICES, L.L.C.

	 	 	    

	 	 
	 	 	 	 	 
	By:

	/s/ PAUL ROBINSON

	 	By:

	/s/ SHEREE HERR

	 	 	 	 	 
	Name: Paul Robinson

	 	Name: Sheree Herr

	 	 	 	 	 
	Title: Chief Executive Officer

	 	Title: VP, Legal Management

	 	 	 	 	 
	Address: 3885 Crestwood Parkway

	 	Date: 4/5/05

	 	 	 	 	 
	Suite 550, Duluth, GA 30096

	 	 	 
	 	 	 	 	 

Date: 4/5/05

Page 2 of 2EXHIBIT 10.58

<PAGE>

Willow Bend Management Ltd.
November 16, 2004
Page 2

                                Ramp Corporation
                                 33 Maiden Lane
                            New York, New York 10038
                                 (212) 440-1500

                                                               November 16, 2004

Willow Bend Management Ltd.
2 Nevim Street
Ramat Hasharon, Israel
Attn: Ms. Michal Raviv

   Re: Amendment No. 2 to Warrants and Reduction in Principal of Promissory Note
       -------------------------------------------------------------------------

Gentlemen:

         Reference  is made to:  (i) that  certain  Note  and  Warrant  Purchase
Agreement,  dated as of July 14, 2004 (the "Note  Purchase  Agreement"),  by and
between Ramp  Corporation,  a Delaware  corporation (the "Company"),  and Willow
Bend Management Ltd. (the "Investor"),  (ii) that certain Convertible Promissory
Note No.  J-2,  dated July 14, 2004 (the  "Note"),  in the  aggregate  remaining
principal  amount of U.S.  $1,814,491  (the  "Principal  Amount")  issued by the
Company in favor of the Investor, (iii) that certain letter agreement,  dated as
of October 16,  2004,  by and between  the Company and the  Investor,  (iv) that
certain  Common  Stock  Purchase  Warrant  No.  W-J04-C-2,  dated July 14,  2004
("Warrant No. 3"),  exercisable into 1,420,421 shares of common stock, par value
$.001 per share,  of the  Company  ("Common  Stock"),  at an  exercise  price of
$0.0325 cents per share ("Warrant No. 3 Exercise Price"),  issued by the Company
to the  Investor,  and (v)  that  certain  Common  Stock  Purchase  Warrant  No.
W-J04-D-2,  dated July 14, 2004  ("Warrant No. 4"),  exercisable  into 4,683,823
shares at an exercise price of $0.0325 cents per share  ("Warrant No. 4 Exercise
Price"),  issued by the  Company to the  Investor.  For  purposes of this letter
agreement,  (a)  Warrant  No.  3 and  Warrant  No.  4  are  herein  referred  to
collectively as the "Warrants" and (b) Warrant No. 3 Exercise Price, and Warrant
No. 4 Exercise  Price are  herein  referred  to  collectively  as the  "Exercise
Price".

         For good and valuable  consideration,  the receipt and  sufficiency  of
which are hereby acknowledged, each of the Company and the Investor hereby agree
as follows:

         The Company  represents  and warrants to the Investor  that,  as of the
date  hereof,  the Company had  240,497,105  shares of Common  Stock  issued and
outstanding.  On the condition  that: (i) Warrant No. 3 is exercised in full and
(ii) Warrant No. 4 is exercised  in full (the  aggregate of 6,104,244  shares of
Common Stock due upon such  exercise is referred to herein  collectively  as the
"Exercised  Warrants"),  the Exercise Price with respect to all of the shares of
Common Stock  underlying all of the Warrants shall be reduced to $.015 cents per
share. In  consideration  for the foregoing and as payment of the exercise price
of $.015 cents per share for the Exercised Warrants,  in accordance with Section
2 of the Warrants,  the Exercise  Price of $91,563.66  shall be paid through the
reduction of Principal Amount outstanding under the Note.

         The Company and the Investor  hereby agree that the Investor  elects to
immediately,  and  without  further  action,  convert  the  principal  amount of
$105,000 of the remaining Principal Amount outstanding under the Promissory Note
into an aggregate of 7,000,000  Conversion  Shares (as defined in the Note) at a
Conversion Price (as defined in the Note) of $.015 cents per share.

<PAGE>

Willow Bend Management Ltd.
November 16, 2004
Page 3

         Each  of the  Company  and the  Investor  agree  that,  notwithstanding
anything to the contrary  contained in Section 1(c) of the Note,  any unpaid and
accrued  interest under the Note though the date hereof shall be due and payable
on the Maturity Date (as defined in the Note).

         The  Company  agrees  to  cause  to  be  promptly  issued  certificates
representing the shares underlying the Exercised  Warrants and Conversion Shares
to the  Investor  or, if such  shares  are sold by the  Investor,  to issue DWAC
instructions for such shares to the Company's  transfer agent. The Note Purchase
Agreement, Note and Warrants are hereby deemed amended to reflect the foregoing.

         Except  as  amended  hereby,   the  provisions  of  the  Note  Purchase
Agreement,  Note and the Warrants  shall be unmodified  and shall remain in full
force and effect.

         As promptly as  practicable  but no later than four (4)  business  days
following the exercise of the Warrants and Conversion  Shares, the Company shall
file a Form 8-K with the  Securities  and Exchange  Commission as required under
the rules and  regulations of the  Securities  Exchange Act of 1934, as amended,
and shall take such further actions as it shall deem necessary or appropriate to
deliver the final prospectus,  as amended or supplemented,  relating to the sale
of the shares of Common Stock  underlying  the Warrants  and  Conversion  Shares
under the Securities  Act of 1933, as amended,  and deliver same to the Investor
prior  to its sale of  shares  of  Common  Stock  underlying  the  Warrants  and
Conversion  Shares.  The  Investor  agrees  that it shall not sell any shares of
Common  Stock  underlying  the Warrants and  Conversion  Shares  pursuant to the
Registration  Statement on Form S-3, No. 333-118457,  without proper delivery of
the final prospectus, as amended or supplemented.

         Please  confirm  your  agreement  to the  foregoing  by  executing  the
enclosed copy of this letter and returning it to the  undersigned,  whereupon it
shall become a binding agreement between us as of the date hereof.

                                              Very truly yours,

                                              RAMP CORPORATION

                                              By: ___________________________
                                                  Name:  Andrew Brown
                                                  Title: Chief Executive Officer

ACCEPTED AND AGREED TO:

WILLOW BEND MANAGEMENT LTD.

By: ______________________________
    Name:
    Title:

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