Document:

Waiver Consent and Voting Agreement

 Exhibit 10.1 
 WAIVER, CONSENT AND VOTING AGREEMENT 
 THIS WAIVER, CONSENT AND VOTING AGREEMENT (the
“Agreement”) is made and entered into on this 5th day of January, 2009 by and between Barron Partners LP, a Delaware limited partnership (“Barron”), and Banks.com, Inc., a Florida corporation (the
“Company”). 
 RECITALS 
 WHEREAS, on September 26, 2005, Barron entered into a Stock Purchase Agreement with the Company (the “Stock Purchase Agreement”) pursuant to which Barron purchased from the Company
250,000,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”); 
 WHEREAS, Section 6.12 of the Stock Purchase Agreement provides that, so long as Barron holds at least 20% of the shares of the Company’s common stock purchased pursuant to the Stock Purchase
Agreement, Barron will have the right to participate in any offer and sale by the Company of shares of Preferred Stock or debt that is convertible into shares of Common Stock or any capital stock that is otherwise senior or superior to the Common
Stock (“Subsequent Financing”) on a pro rata basis at one hundred percent (100%) of the offering price in connection with such Subsequent Financing; 
 WHEREAS, the Company intends to sell to Daniel O’Donnell, the Company’s President and Chief Executive Officer, and certain of his affiliates, shares of a new series of preferred stock of the Company
to be designated as the Company’s “Series C Preferred Stock,” par value $.001 per share (the “Series C Preferred Stock”); 
 WHEREAS, Barron has agreed to expressly consent to the offer and sale by the Company of the Series C Preferred Stock to Mr. O’Donnell and certain of his affiliates and to waive its right under
Section 6.12 of the Stock Purchase Agreement to participate in the offer and sale by the Company of the Series C Preferred Stock; and 
 WHEREAS, in order to facilitate the designation and issuance of the Series C Preferred Stock to Mr. O’Donnell and certain of his affiliates as described herein, Barron has also agreed to vote all of the Shares as well as
any other shares of capital stock of the Company which Barron has acquired or may acquire on or after the date of this Agreement (the “Voting Shares”) in favor of: (a) the adoption and approval of Articles of Amendment to the
Company’s Amended and Restated Articles of Incorporation setting forth the rights and preferences of the Series C Preferred Stock and (b) the approval of the issuance of the shares of Series C Preferred Stock, and to grant a proxy with
respect to the Voting Shares in favor of the Company’s Board of Directors. 
 NOW, THEREFORE, in consideration of the mutual
covenants and agreements of the parties contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto covenant and agree as follows: 
 1. Incorporation of Recitals. The foregoing recitals are incorporated herein by reference as if fully set forth herein; provided that the
capitalized term “Shares” shall refer to the 

 
250,000,000 shares of the Company’s Common Stock purchased by Barron pursuant to the Stock Purchase Agreement adjusted for any sale of such shares,
stock dividend, stock split, stock combination or other similar transaction prior to the date hereof. 
 2. Consent and Waiver. Barron
hereby consents to the offer and sale by the Company to Mr. O’Donnell and certain of his affiliates of Series C Preferred Stock having terms and conditions not materially different from those set forth in Exhibit A, except as
required by the rules and regulations of the NYSE Alternext U.S., f/k/a the American Stock Exchange and waives its right under Section 6.12 of the Stock Purchase Agreement to participate in such offer and sale by the Company of the Series C
Preferred Stock. In addition, Barron hereby expressly waives any right it may have to claim that the offer and sale of such Series C Preferred Stock by the Company is a violation, or constitutes a breach, of any of the terms of the Stock Purchase
Agreement. 
 3. Agreement to Vote Shares. Commencing with the execution and delivery of this Agreement, at every meeting of the
shareholders of the Company called with respect to any of the following, and at every adjournment or postponement thereof, and on every action or approval by written consent of the shareholders of the Company with respect to any of the following,
Barron shall vote the Voting Shares in favor of: (a) the adoption and approval of Articles of Amendment to the Amended and Restated Articles of Incorporation of the Company setting forth the rights and preferences of the Series C Preferred
Stock, which terms and conditions shall not be materially different from those set forth in Exhibit A, except as required by the rules and regulations of the NYSE Alternext U.S., f/k/a the American Stock Exchange and (b) the approval of
the issuance of the shares of such Series C Preferred Stock. 
 4. Irrevocable Proxy. Concurrently with the execution of this
Agreement, Barron agrees to deliver to the Board of Directors of the Company (the “Board”) a proxy in the form attached hereto as Exhibit B (the “Proxy”), which shall be irrevocable to the extent provided in
Section 607.0722 of the Florida Business Corporation Act, with respect to the shares referred to therein. 
 5. Termination of
Barron’s Obligations. Barron’s obligations pursuant to Sections 3 and 4 of this Agreement shall terminate upon the date of issuance of the Series C Preferred Stock to Mr. O’Donnell and certain of his affiliates (the
“Termination Date”). 
 6. Restriction on Transfer of Voting Rights. During the period beginning on the date of
execution of this Agreement and ending on the Termination Date, Barron shall not, directly or indirectly (a) cause or permit any Transfer of any of the Voting Shares, (b) cause or permit any deposit of the Voting Shares into a voting
trust; or (c) grant any proxy (other than the Proxy granted herein) or enter into any voting agreement or similar agreement with respect to any of the Voting Shares. 
 7. Consideration. In consideration of the waivers, consents and agreements described herein, the Company agrees as follows: 
 (a) If, at June 30, 2009, the Company does not have a Consolidated EBITDA (as defined below) that is equal to or greater than
$3,000,000, the Company will promptly 

  

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pay, in cash, to Barron $0.015 per share for each share of Common Stock owned by Barron on June 30, 2009. 
 8. Definitions. For purposes of this Agreement, the following terms shall be defined as follows: 
 i. “Capital Stock” means (1) with respect to any Person that is a corporation, any and all shares, interests or
equivalents in capital stock (whether voting or nonvoting, and whether common or preferred) of such corporation, and (2) with respect to any Person that is not a corporation, any and all partnership, membership, limited liability company or
other equity interests of such Person; and in each case, any and all warrants, rights or options to purchase any of the foregoing. 
 ii. “Consolidated EBITDA” means, for the Reference Period, the aggregate of (1) Consolidated Net Income for such period, plus (2) the sum of (A) interest expense, (B) federal, state, local, foreign and
other income taxes, and (C) depreciation and amortization of intangible assets, (D) extraordinary losses and charges, (E) the amount of any non-cash write-down of goodwill and (F) Any equity compensation expense, minus
(3) the sum of (A) extraordinary gains or income and (B) noncash credits increasing income for such period, all to the extent taken into account in the calculation of Consolidated Net Income for such period. 
 iii. “Consolidated Net Income” means, for the Reference Period, net income (or loss) for the Company and its Subsidiaries
for the Reference Period, determined on a consolidated basis in accordance with GAAP (after deduction for minority interests); provided that, in making such determination, there shall be excluded (1) the net income of any other Person
that is not a Subsidiary of the Company (or is accounted for by the Company by the equity method of accounting) except to the extent of actual payment of cash dividends or distributions by such Person to the Company or any Subsidiary of the Company
during such period, (2) the net income (or loss) of any other Person acquired by, or merged with, the Company or any of its Subsidiaries for any period prior to the date of such acquisition, and (3) the net income of any Subsidiary of the
Company to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of such net income is not at the time permitted by operation of the terms of its charter, certificate of incorporation or formation or
other constituent document or any agreement or instrument or Requirement of Law applicable to such Subsidiary. 
 iv.
“GAAP” means generally accepted accounting principles in the United States of America, as set forth in the statements, opinions and pronouncements of the Accounting Principles Board, the American Institute of Certified Public
Accountants and the Financial Accounting Standards Board, consistently applied and maintained, as in effect from time to time. 
  

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 v. “Governmental Authority” means the government of the United States of
America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 vi. “Person” means any natural person, corporation, limited liability company, trust, joint venture, association,
company, partnership, Governmental Authority or other entity. 
 vii. “Reference Period” with respect to any
date of determination, means the period beginning on January 1, 2009 and ending on June 30, 2009. 
 viii.
“Requirement of Law” means, with respect to any Person, the charter, articles or certificate of organization or incorporation and bylaws or other organizational or governing documents of such Person, and any statute, law, treaty,
rule, regulation, order, decree, writ, injunction or determination of any arbitrator or court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its
property is subject or otherwise pertaining to any or all of the transactions contemplated by this Agreement. 
 ix.
“Subsidiary” means, with respect to any Person, any corporation or other Person of which more than 50% of the outstanding Capital Stock having ordinary voting power to elect a majority of the board of directors, board of managers or
other governing body of such Person, is at the time, directly or indirectly, owned or controlled by such Person and one or more of its other Subsidiaries or a combination thereof (irrespective of whether, at the time, securities of any other class
or classes of any such corporation or other Person shall or might have voting power by reason of the happening of any contingency). When used without reference to a parent entity, the term “Subsidiary” shall be deemed to refer to a
Subsidiary of the Company. 
 x. a Person shall be deemed to have a effected a “Transfer” of a security if
such Person directly or indirectly: (i) sells, pledges, encumbers, grants an option with respect to, transfers or disposes of such security or any interest in such security to any Person other than the Board; (ii) enters into an agreement
or commitment contemplating the possible sale of, pledge of, encumbrance of, grant of an option with respect to, transfer of or disposition of such security or any interest therein to any Person other than the Board; or (iii) reduces such
Person’s beneficial ownership of, interest in or risk relating to such security. 
 9. Further Assurances. From time to time and
without additional consideration, Barron shall (at Barron’s sole expense) execute and deliver, or cause to be executed and delivered, such additional transfers, assignments, endorsements, proxies, consents and other instruments, and 

  

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take such further actions, as the Company may reasonably request for the purpose of carrying out and furthering the intent of this Agreement. 
 10. Assignment; Binding Effect. Except as provided herein, neither this Agreement nor any of the interests or obligations hereunder may be
assigned or delegated by Barron, and any attempted or purported assignment or delegation of any of such interests or obligations shall be void. Subject to the preceding sentence, this Agreement shall be binding upon Barron and its heirs, estate,
executors and personal representatives, its successors and assigns, and upon any person to whom the Voting Shares are transferred, and shall inure to the benefit of the Company. 
 11. Specific Performance. The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement or the
Proxy were not performed in accordance with their specific terms or were otherwise breached. Barron agrees that, in the event of any breach or threatened breach by Barron of any covenant or obligation contained in this Agreement or in the Proxy, the
Company shall be entitled (in addition to any other remedy that may be available to it, including monetary damages) to seek and obtain (a) a decree or order of specific performance to enforce the observance and performance of such covenant or
obligation, and (b) an injunction restraining such breach or threatened breach. Barron further agrees that the Company shall not be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to
obtaining any remedy referred to in this Section 11, and Barron irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument. 
 12. Entire Agreement. This Agreement, the Proxy and any other documents delivered by the parties in connection herewith constitute the entire
agreement between the parties with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings between the parties with respect thereto. No addition to or modification of any provision of this Agreement
shall be binding upon either party unless made in writing and signed by both parties. 
 13. Waiver of Jury Trial. BARRON AND THE
COMPANY EACH IRREVOCABLY WAIVE THE RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LEGAL PROCEEDING RELATING TO THIS AGREEMENT OR THE PROXY OR THE ENFORCEMENT OF ANY PROVISION OF THIS AGREEMENT OR THE PROXY. 
 14. Governing Law. This Agreement shall be governed by and construed in accordance with the substantive laws of the State of Florida. 

15. Severability. If any provision of this Agreement shall under any circumstances be deemed invalid or inoperative, this Agreement shall be
construed with the invalid or inoperative provision deleted and the rights and obligations of the parties shall be construed and enforced accordingly. 
 16. Counterparts. This Agreement may be executed in two or more counterparts (including by facsimile), each of which shall be deemed an original and all of which together shall constitute one instrument.

  

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 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK. SIGNATURE PAGE TO FOLLOW.] 
  

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

			
	BARRON PARTNERS LP
		
	By:	 	 /s/ Andrew Worden

		 	Andrew Worden
		 	Principal
		 	Barron Capital Advisors, LLC,
		 	General Partner to Barron Partners LP
		
		 	Barron Partners LP
		 	730 Fifth Avenue, 9th Floor
		 	New York NY 10019
	
	BANKS.COM, INC.
		
	By:	 	 /s/ Daniel O’Donnell

	Name:	 	Daniel O’Donnell
	Title:	 	President & CEO

  

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 EXHIBIT A 
 TERMS OF SERIES C PREFERRED STOCK 
 Set forth below is a summary of the principle terms of a new
series of preferred stock of Banks.com, Inc., a Florida corporation (the “Company”) to be designated as “Series C Preferred Stock,” par value $.001 per share. 
  

			
	Offering Terms	  	
	 Security:
	  	A new series of preferred stock of the Company (“Preferred Stock”) to be designated as the Company’s “Series C Preferred Stock”, par value $.001 per share (the
“Series C Preferred”). The rights and preferences of the Series C Preferred will be set forth in Amended and Restated Articles of Incorporation to be adopted and filed by the Company with the Florida Secretary of State (the
“Articles”).
		
	 Purchase Price:
	  	The purchase price for each share of Series C Preferred shall be equal to the average closing price for the 30 days prior to the closing of the investment in the Series C Preferred as
reported on the NYSE Alternext U.S., f/k/a the American Stock Exchange, which shall not be less than the last reported closing price immediately preceding the closing (the “Original Purchase Price”).
	
	Amended and Restated Articles of Incorporation
		
	Dividends:	  	The Series C Preferred will carry an annual 10% cumulative dividend, compounded annually, payable upon a liquidation or redemption. For any other dividends or distributions, the Series C
Preferred will participate with the Company’s common stock, par value $.001 per share (the “Common Stock”).

  

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	Liquidation Preference:	  	 In the event of any liquidation, dissolution or winding up of the Company, the proceeds shall be paid as follows:
  
 First pay the Original Purchase Price plus accrued dividends on each share of Series C
Preferred. Thereafter, the Series C Preferred participates with the Common Stock on an as-converted basis.
  
 A merger or consolidation (other than one in which stockholders of the Company own a majority by voting power of the outstanding shares of the surviving or acquiring corporation) and a sale, lease, transfer or other
disposition of all or substantially all of the assets of the Company will be treated as a liquidation event (a “Deemed Liquidation Event”), thereby triggering payment of the liquidation preference described
above.

		
	Voting Rights:	  	Each share of the Series C Preferred shall be entitled to one vote per share and shall vote together with the Common Stock, and not as a separate class, except (i) the Series C Preferred as a
class shall be entitled to elect one (1) (the “Series C Director”) member of the Board, assuming the Board of Directors will be no greater than five (5) in number, (ii) as provided under “Protective Provisions” below or
(iii) as required by law. The Articles will provide that the number of authorized shares of Common Stock may be increased or decreased with the approval of a majority of the Preferred and Common Stock, voting together as a single class, and without
a separate class vote by the Common Stock.
		
	Protective Provisions:	  	 So long as any shares of Series C Preferred are outstanding, the Company will not, without the written consent of the holders of at least 75% of
the Company’s outstanding Series C Preferred, either directly or indirectly (by amendment, merger, consolidation, or otherwise):
  
 (i) create or authorize the creation of or issue any other security convertible into or exercisable for any equity security, having rights,
preferences or privileges senior to or on parity with the Series C Preferred, or increase the authorized number of shares of Series C Preferred, (ii) increase or decrease the size of the Board of Directors, except to set the number of members
of the Board of Directors at five (5), or (iii) create or authorize the creation of any debt security or incur or guarantee any indebtedness that is not outstanding on the closing of the investment in the Series C Preferred (other than trade
payables incurred in the ordinary course of business).

		
	Optional Conversion:	  	The Series C Preferred will convert 3:1 to Common Stock at any time at option of holder, subject to adjustments for any stock

  

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		  	dividends, splits, combinations and similar events.
	Other Matters
		
	Right to Participate Pro Rata in Future Rounds:	  	Holders will have a pro rata right, based on their percentage equity ownership in the Company (assuming the conversion of all outstanding Preferred Stock into Common Stock and the exercise of
all options outstanding under the Company’s stock plans), to participate in subsequent issuances of equity securities of the Company.
		
	Board of Directors:	  	At the closing of the issuance of the Series C Preferred, the Board shall consist of five members, which shall include one Series C Director.
		
	Transferability:	  	The Series C Preferred shall not be transferable without the Company’s consent or an opinion of the Company’s counsel that such transfer is otherwise exempt from registration under
the federal securities laws.

  

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 EXHIBIT B 
 IRREVOCABLE PROXY 
 The undersigned shareholder (“Barron”) of Banks.com, Inc., a
Florida corporation (the “Company”), hereby irrevocably (to the full extent permitted by Section 607.0722 of the Florida Business Corporation Act) appoints Daniel M. O’Donnell, as the sole and exclusive attorney and proxy
of the undersigned, with full power of substitution and resubstitution, to vote and exercise all voting and related rights expressly provided herein (to the full extent that the undersigned is entitled to do so) with respect to (i) the
outstanding shares of capital stock of the Company owned of record by Barron as of the date of this proxy, which shares are specified on the final page of this proxy, and (ii) any and all other shares of capital stock of the Company which
Barron may acquire on or after the date hereof. (The shares of the capital stock of the Company referred to in clauses “(i)” and “(ii)” of the immediately preceding sentence are collectively referred to as the “Voting
Shares.”) Upon the undersigned’s execution of this Proxy, any and all prior proxies given by the undersigned with respect to any Voting Shares are hereby revoked and the undersigned agrees not to grant any subsequent proxies with
respect to the Voting Shares at any time prior to the Termination Date. Except as otherwise provided herein, capitalized terms that are used but not otherwise defined herein shall have the meaning ascribed to such terms pursuant to that certain
Waiver, Consent and Voting Agreement (the “Agreement”), dated as of January 5, 2009, by and between Barron and the Company. 
 This Proxy is coupled with an interest, revokes all prior proxies granted by Barron and is irrevocable (to the extent permitted by Section 607.0722 of the Florida Business Corporation Act) at any time prior to the Termination Date.

 The attorneys and proxies named above, and each of them, are hereby authorized and empowered by the undersigned, at any time prior to the
Termination Date, to act as the undersigned’s attorney and proxy to vote the Voting Shares, and to exercise all voting and other rights of the undersigned with respect to the Voting Shares (including, without limitation, the power to execute
and deliver written consents pursuant to Section 607.0704 of the Florida Business Corporation Act), at every annual, special or adjourned meeting of the shareholders of the Company and in every written consent in lieu of such meeting in favor
of: (a) the adoption and approval of Articles of Amendment to the Amended and Restated Articles of Incorporation of the Company setting forth the rights and preferences of the Series C Preferred Stock, which terms and conditions shall not be
materially different from those set forth in Exhibit A to the Waiver, Consent and Voting Agreement of even date herewith, except as required by the rules and regulations of the NYSE Alternext U.S., f/k/a the American Stock Exchange and
(b) the approval of the issuance of the shares of such Series C Preferred Stock. 
 This proxy shall be binding upon the heirs, estate,
executors, personal representatives, successors and assigns of Barron (including any transferee of any of the Voting Shares). 
 If any
provision of this proxy or any part of any such provision is held under any circumstances to be invalid or unenforceable in any jurisdiction, then (a) such provision or part thereof shall, with respect to such circumstances and in such
jurisdiction, be deemed amended to 

  

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conform to applicable laws so as to be valid and enforceable to the fullest possible extent, (b) the invalidity or unenforceability of such provision or
part thereof under such circumstances and in such jurisdiction shall not affect the validity or enforceability of such provision or part thereof under any other circumstances or in any other jurisdiction, and (c) the invalidity or
unenforceability of such provision or part thereof shall not affect the validity or enforceability of the remainder of such provision or the validity or enforceability of any other provision of this proxy. Each provision of this proxy is separable
from every other provision of this proxy, and each part of each provision of this proxy is separable from every other part of such provision. 
 Dated:
                         
  

			
	BARRON PARTNERS LP
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Number of shares of common stock of the Company owned of record as of the date of this proxy:
	
	  

  

 12Executive Employment Agreement

 Exhibit 10.1 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Agreement is made as of the latest date indicated below between
Mastech, Inc., a Pennsylvania corporation (hereinafter called the “Company”) and the undersigned employee, Steven C. Wolfe. (hereinafter called the “Executive”). 
 WHEREAS, this Agreement is a term and condition of Executive’s employment and is made in consideration for employment, wages and benefits offered to
Executive contemporaneously with this Agreement; and 
 WHEREAS, this Agreement is necessary for the protection of the legitimate and
protectible business interests of Company and its Affiliates (as hereinafter defined) in their customers, prospective customers, accounts and confidential, proprietary and trade secret information. 
 NOW THEREFORE, for the consideration set forth herein, the receipt and sufficiency of which are acknowledged by the parties, and intending to be legally
bound hereby, Company and Executive agree as follows: 
 1. DEFINITIONS. As used herein: 
 (a) “Affiliate” shall mean and include Parent and any corporation, trade or business which is, as of the date of this Agreement, with Company,
part of a group of corporations, trades or businesses connected through common ownership with Parent, where more than 50% of the stock or other equity interests of each member of the group (other than Parent) are owned, directly or indirectly, by
one or more other members of the group. 
 (b) “Confidential Information” shall include, but is not necessarily limited to, any
information which may include, in whole or part, information concerning Company’s and its Affiliates’ accounts, sales, sales volume, sales methods, sales proposals, customers or prospective customers, prospect lists, manuals, formulae,
products, processes, methods, financial information or data, compositions, ideas, improvements, inventions, research, computer programs, computer related information or data, system documentation, software products, patented products, copyrighted
information, know how and operating methods and any other trade secret or proprietary information belonging to Company or any Affiliate or relating to Company’s or any Affiliate’s affairs that is not public information. 
 (c) “Customer(s)” shall mean any individual, corporation, partnership, business or other entity, whether for-profit or not-for-profit
(i) whose existence and business is known to Executive as a result of Executive’s access to Company’s and its Affiliates’ business information, Confidential Information, customer lists or customer account information;
(ii) that is a business entity or individual with whom Company or any Affiliate has contracted or negotiated during the one (1) year period preceding the termination of Executive’s employment; or (iii) who is or becomes a
prospective client, customer or acquisition candidate of Company or any Affiliate during the period of Executive’s employment. 
 (d)
“Competing Business” shall mean any individual, corporation, partnership, business or other entity which operates or attempts to operate a business which provides, designs, 

  

			
		 	(Initial         )

 
develops, markets, engages in, produces or sells any products, services, or businesses which are the same or similar to those produced, marketed, invested in
or sold by Company or any Affiliate. 
 (e) “Parent” shall mean Mastech Holdings, Inc. or any successor. 
 2. DUTIES. Executive, who is employed in the position set forth on Schedule A hereof as of the date of this Agreement, agrees to be responsible
for such duties as are commensurate with and required by such position and any other duties as may be assigned to Executive by Company from time to time. Executive further agrees to perform Executive’s duties in a diligent, trustworthy, loyal,
businesslike, productive, and efficient manner and to use Executive’s best efforts to advance the business and goodwill of Company and its Affiliates. Executive further agrees to devote all of Executive’s business time, skill, energy and
attention exclusively to the business of Company and to comply with all rules, regulations and procedures of Company. During the term of this Agreement, Executive will not engage in any other business for Executive’s own account or accept any
employment from any other business entity, or render any services, give any advice or serve in a consulting capacity, whether gratuitously or otherwise, to or for any other person, firm or corporation, other than as a volunteer for charitable
organizations, without the prior written approval of Company, which shall not be unreasonably withheld. 
 3. COMPENSATION.
Executive’s compensation as of the date of this Agreement is as set forth on Schedule A hereto. Said compensation is subject to being reviewed and modified as of January 1, 2010 and annually thereafter by the Company. Company shall be
entitled to withhold from any payments to Executive pursuant to the provisions of this Agreement any amounts required by any applicable taxing or other authority, or any amounts payable by Executive to Company or any Affiliate (including, without
limitation, repayment of any amount loaned to Executive by Company or any Affiliate). 
 4. BENEFITS. Executive is eligible for the
standard Company benefits, which may be modified by Company at any time or from time to time in accordance with the terms of Company’s applicable benefit plans and policies. Executive shall also be entitled to reimbursement of business-related
expenses in accordance with Company’s standard policies concerning reimbursement of such expenses. 
 5. POLICIES AND PRACTICES.
Executive agrees to abide by all Company rules, regulations, policies, practices and procedures, which Company may amend from time to time. 
 6. AGREEMENT NOT TO COMPETE. In order to protect the business interests and good will of Company and its Affiliates with respect to Customers and accounts, and to protect Confidential Information, Executive covenants and agrees that
for the entire period of time that this Agreement remains in effect, and for a period of one (1) year after termination of Executive’s employment for any reason, Executive will not: 
 (a) directly or indirectly contact any Customer for the purpose of soliciting such Customer to purchase, lease or license a product or service that is
the same as, similar to, or in competition with those products and/or services made, rendered, offered or under development by Company or any Affiliate; 
  

			
	-2-	 	(Initial         )

 (b) directly or indirectly employ, or knowingly permit any company or business directly or indirectly
controlled by Executive to employ any person who is employed by Company or any Affiliate at any time during the term of this Agreement, or in any manner facilitate the leaving of any such person from his or her employment with Company or any
Affiliate; 
 (c) directly or indirectly interfere with or attempt to disrupt the relationship, contractual or otherwise, between Company or
any Affiliate and any of its employees or solicit, induce, or attempt to induce employees of Company or any Affiliate to terminate employment with Company or Affiliate and become self-employed or employed with others in the same or similar business
or any product line or service provided by Company or any Affiliate; or 
 (d) directly or indirectly engage in any activity or business as a
consultant, independent contractor, agent, employee, officer, partner, director or otherwise, alone or in association with any other person, corporation or other entity, in any Competing Business operating within the United States or any other
country where the Executive has worked and/or conducted business for Company and its Affiliates within the one (1) year period prior to the termination of Executive’s employment. 
 Executive acknowledges that Company and its Affiliates are engaged in business throughout the United States, as well as in other countries and that the
marketplace for Company’s and its Affiliates’ products and services is worldwide. Executive further covenants and agrees that the geographic, length of term and types of activities restrictions (non-competition restrictions) contained in
this Agreement are reasonable and necessary to protect the legitimate business interests of Company and its Affiliates because of the scope of Company’s and the Affiliates’ businesses. 
 In the event that a court of competent jurisdiction shall determine that one or more of the provisions of this Paragraph 6 is so broad as to be
unenforceable, then such provision shall be deemed to be reduced in scope or length, as the case may be, to the extent required to make this Paragraph enforceable. If the Executive violates the provisions of this Paragraph 6, the periods described
therein shall be extended by that number of days which equals the aggregate of all days during which at any time any such violations occurred. Executive acknowledges that the offer of employment by Company, or any other consideration offered for
signing this agreement, is sufficient consideration for Executive’s agreement to the restrictive covenants set forth in this Paragraph 6, and that each Affiliate is an intended third-party beneficiary of such covenants with a separate and
independent right to enforce the same. Executive agrees that Executive’s signing of an Employment Agreement containing the restrictive covenants set forth herein was a condition precedent to Executive’s continued employment with Company.

 7. NONDISCLOSURE AND NONUSE OF CONFIDENTIAL INFORMATION. The Executive covenants and agrees during Executive’s employment or
any time after the termination of such employment, not to communicate or divulge to any person, firm, corporation or business entity, either directly or indirectly, and to hold in strict confidence for the benefit of 

  

			
	-3-	 	(Initial         )

 
Company, all Confidential Information except that Executive may disclose such Information to persons, firms or corporations who need to know such Information
during the course and within the scope of Executive’s employment. Executive will not use any Confidential Information for any purpose or for Executive’s personal benefit other than in the course and within the scope of Executive’s
employment. Executive agrees to sign and abide by the terms and conditions of Company’s Confidential Information and Intellectual Property Protection Agreement, a copy of which is attached hereto as Schedule B and incorporated as though fully
set forth herein. 
 8. TERMINATION. This Agreement may be terminated by either party with or without Cause under the following
conditions: 
 (a) With Cause Termination. Executive may be terminated from employment with “Cause.” “Cause” shall
mean (i) gross negligence or willful misconduct in the performance of duties to the Company that has resulted or is likely to result in substantial and material damage to the Company, (ii) repeated unexplained or unjustified absence from
the Company, (iii) a material and willful violation of any federal or state law, (iv) commission of any act of fraud with respect to the Company, or (v) conviction of a felony or a crime involving moral turpitude causing material harm
to the standing and reputation of the Company, in each case as determined in good faith by the Board of Directors of the Company or engaging in conduct which brings the Company or any Affiliate into public disgrace or disrepute; or
(v) substantial or continued unwillingness to perform duties as reasonably directed by the Company’s Board of Directors or Chief Executive Officer, or (vi) any material breach of Executive’s Confidential Information and
Intellectual Property Protection Agreement. In the event that Executive is terminated with “Cause,” Company may immediately cease payment of any further wages, benefits or other compensation hereunder. Executive acknowledges that Executive
has continuing obligations under this Agreement including, but not limited to Paragraphs 6 and 7, in the event that Executive is terminated with Cause. Executive agrees to provide Company with thirty (30) days notice should Executive
voluntarily decide to separate from Executive’s employment. 
 (b) Without Cause. In the event that Executive’s employment
is terminated without Cause Executive will be entitled to the following. 
 (1) Six (6) months of Executive’s last
monthly base salary, as set forth in Attachment A, less appropriate deductions, payable following Executive’s termination of employment in accordance with the Company’s regular payroll practices (“Severance Pay”). 
 Severance Pay will be treated as amounts paid under the Company’s generally applicable severance pay policy (“Severance
Policy”) as in effect from time to time to the extent of Executive’s entitlement to payments under the Severance Policy, provided that to the extent the Severance Pay to be received by Executive during the first six (6) months after
termination of employment, together with all other taxable severance payments received during that six (6)-month period (determined under Internal Revenue Code §409A and including the payments under paragraph (4) below if required),
exceeds the maximum amount of severance pay permitted to be paid to a “specified employee” under Internal Revenue Code §409A, the excess Severance Pay shall be paid instead in a single lump sum on the first business day after the end
of the six (6)-month period. 
  

			
	-4-	 	(Initial         )

 (2) Continued coverage under Company’s employee benefit plans (other than 401(k) or
pension benefit coverage) after termination of employment for Executive and his eligible dependents, as and when provided under the Severance Policy, and subject to the payment of applicable premiums or other costs, all in accordance with the terms
of the Severance Policy and the applicable benefit plans (including, without limitation, cessation of such benefits due to receiving similar benefit coverage from a new employer). 
 (3) Following the cessation of coverage under the Company’s group health (medical, dental, vision) plans under (2) above,
Executive shall be entitled to continue his coverage and coverage for any eligible qualified beneficiary under Company’s group health plans in accordance with and for as long as required under the federal “COBRA” requirements (subject
to payment of the applicable cost for such coverage as may be required by Company in accordance with COBRA). Any period of post-termination coverage under (2) above shall not be considered as part of the COBRA continued coverage period.

 (4) For any period COBRA coverage under Company’s group health plans is in effect for Executive and/or
Executive’s qualified beneficiaries during the first Six (6) months after Executive’s termination of employment, Executive shall receive a monthly payment at the same time as the Severance Pay, less appropriate withholding, pursuant
to the Company’s regular schedule and payroll practices, in an amount equal to the excess of the Executive’s cost for COBRA coverage over the cost Executive would have paid for group health plan coverage as an active employee of the
Company. 
 (5) For a period of six (6) months following Executive’s termination date, continued vesting in unvested
stock options outstanding as of such termination date and granted under the Company’s Stock Incentive Plan (the “Stock Plan”), or any successor thereto (the “Options”). 
 (6) The exercise period for a vested Option, including those which vest pursuant to (5) above, will be extended for a period of six
(6) months after the otherwise applicable expiration date, but not later than the earlier of (i) the original expiration date of such Option or (ii) ten (10) years from the date of grant. 
 Executive further acknowledges that the Company’s obligations under this Section 8(b), are contingent upon and subject to Executive’s
signing (and not revoking) an agreement and release of all claims against Company in a form similar to the one attached hereto as Schedule C (or such other form acceptable to Company). 
 9. TERM. Executive’s employment shall continue from year to year or until such employment is terminated in accordance with the provisions of
Paragraph 8. Executive acknowledges and agrees that nothing herein guarantees Executive continued employment by Company for any specified or intended term; that his employment and this Agreement may be 

  

			
	-5-	 	(Initial         )

 
terminated by Company at any time; that Executive’s sole right and remedy under this Agreement for any alleged breach by Company is the payment of
severance as specified in paragraph 8; and that such payment is intended as liquidated damages for any alleged breach by Company of this Agreement. 
 10. EQUITABLE RELIEF; FEES AND EXPENSES. Executive stipulates and agrees that any breach of this Agreement by Executive will result in immediate and irreparable harm to Company and its Affiliates, the amount of which will be
extremely difficult to ascertain, and that Company and its Affiliates could not be reasonably or adequately compensated by damages in an action at law. For these reasons, Company and its Affiliates shall have the right to obtain such preliminary,
temporary or permanent injunctions or restraining orders or decrees as may be necessary to protect Company or any Affiliate against, or on account of, any breach by Executive of the provisions of this Agreement without the need to post bond. Such
right to equitable relief is in addition to all other legal remedies Company or any Affiliate may have to protect its rights. The prevailing party in any such action shall be responsible for reimbursing the non-prevailing party for all costs
associated with obtaining the relief, including reasonable attorneys’ fees, and expenses and costs of suit. Executive further covenants and agrees that any order of court or judgment obtained by Company or an Affiliate which enforces
Company’s or Affiliate’s rights under this Agreement may be transferred, without objection or opposition by Executive, to any court of law or other appropriate law enforcement body located in any other state in the U.S.A. or any other
country in the world where Company or such Affiliate does business, and that said court or body shall give full force and effect to said order and or judgment. 
 11. EMPLOYMENT DISPUTE SETTLEMENT PROCEDURE-WAIVER OF RIGHTS. In consideration of Company employing Executive and the wages and benefits provided under this Agreement, Executive and Company each agree that, in
the event either party (or its representatives, successors or assigns) brings an action in a court of competent jurisdiction relating to Executive’s recruitment, employment with, or termination of employment from Company, the plaintiff in such
action agrees to waive his, her or its right to a trial by jury, and further agrees that no demand, request or motion will be made for trial by jury. 
 In consideration of Company employing Executive, and the wages and benefits provided under this Agreement, Executive further agrees that, in the event that Executive seeks relief in a court of competent jurisdiction
for a dispute covered by this Agreement, Company may, at any time within 60 days of the service of Executive’s complaint upon Company, at its option, require all or part of the dispute to be arbitrated by one arbitrator in accordance with the
rules of the American Arbitration Association. Executive agrees that the option to arbitrate any dispute is governed by the Federal Arbitration Act, and is fully enforceable. Executive understands and agrees that, if Company exercises its option,
any dispute arbitrated will be heard solely by the arbitrator, and not by a court. The parties agree that the prevailing party shall be entitled to have all of their legal fees paid by the non-prevailing party. This pre-dispute resolution agreement
will cover all matters directly or indirectly related to Executive’s recruitment, employment or termination of employment by Company; including, but not limited to, claims involving laws against any form of discrimination whether brought under
federal and/or state law, and/or claims involving co-employees, but excluding Worker’s Compensation Claims. 
  

			
	-6-	 	(Initial         )

 THE RIGHT TO A TRIAL, AND TO A TRIAL BY JURY, IS OF VALUE. YOU MAY WISH TO CONSULT AN ATTORNEY
PRIOR TO SIGNING THIS AGREEMENT. IF SO, TAKE A COPY OF THIS AGREEMENT WITH YOU. HOWEVER, YOU WILL NOT BE OFFERED EMPLOYMENT UNDER THIS AGREEMENT UNTIL THIS AGREEMENT IS SIGNED AND RETURNED BY YOU. 
 12. AMENDMENTS. No supplement, modification, amendment or waiver of the terms of this Agreement shall be binding on the parties hereto unless
executed in writing by the party to be bound thereby. No waiver of any of the provisions of this Agreement shall be deemed to or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a
continuing waiver unless otherwise expressly provided. Any failure to insist upon strict compliance with any of the terms and conditions of this Agreement shall not be deemed a waiver of any such terms or conditions. 
 13. ACKNOWLEDGMENTS OF EXECUTIVE. Executive hereby acknowledges and agrees that: (a) this Agreement is necessary for the protection of the
legitimate business interests of Company and its Affiliates; (b) the restrictions contained in this Agreement may be enforced in a court of law whether or not Executive is terminated with or without cause or for performance related reasons;
(c) Executive has no intention of competing with Company and its Affiliates within the limitations set forth above; (d) Executive has received adequate and valuable consideration for entering into this Agreement; (e) Executive’s
covenants shall be construed as independent of any other provision in this Agreement and the existence of any claim or cause of action Executive may have against Company or any Affiliate, whether predicated on this Agreement or not, shall not
constitute a defense to the enforcement by Company or an Affiliate of these covenants; and (f) the execution and delivery of this Agreement is a mandatory condition precedent to the Executive’s receipt of the consideration provided herein.

 14. FULL UNDERSTANDING. Executive acknowledges that Executive has been afforded the opportunity to seek legal counsel, that
Executive has carefully read and fully understands all of the provisions of this Agreement and that Executive, in consideration for the compensation set forth herein, is voluntarily entering into this Agreement. 
 15. ENTIRE AGREEMENT. This Agreement supercedes all prior agreements, written or oral, between Company or Affiliates and Executive concerning the
subject matter hereof. 
 16. SEVERABILITY. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not
affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. The restrictive covenants
stated herein may be read as if separate and apart from this Agreement and shall survive the termination of Executive’s employment with Company for any reason. 
  

			
	-7-	 	(Initial         )

 17. OTHER AGREEMENTS. Executive represents and warrants that Executive is not a party to or
otherwise subject to or bound by the terms of any contract, agreements or understandings that would affect Executive’s right or abilities to perform under this Agreement. Executive specifically represents that Executive will not use any
confidential information obtained from Executive’s prior employer(s) in the performance of Executive’s duties herein and is not subject to any other restrictive covenants or non-competition agreements. 
 18. CHOICE OF LAW, JURISDICTION AND VENUE. The parties agree that this Agreement shall be deemed to have been made and entered into in Allegheny
County, Pennsylvania and that the Law of the Commonwealth of Pennsylvania shall govern this Agreement, without regard to conflict of laws principles. Jurisdiction and venue is exclusively limited in any proceeding by Company or an Affiliate or
Executive to enforce their rights hereunder to any court or arbitrator geographically located in Allegheny County, Pennsylvania. The Executive hereby waives any objections to the jurisdiction and venue of the courts in or for Allegheny County,
Pennsylvania, including any objection to personal jurisdiction, venue, and/or forum non-conveniens, in any proceeding by Company or any Affiliate to enforce its rights hereunder filed in or for Allegheny County, Pennsylvania. Executive agrees not to
object to any petition filed by Company or an Affiliate to remove an action filed by Executive from a forum or court not located in Allegheny County, Pennsylvania. 
 19. SUCCESSORS IN INTEREST. This Agreement shall be binding upon and shall inure to the benefit of the successors, assigns, heirs and legal representatives of the parties hereto. Company shall have the right to
assign this Agreement in connection with a merger, consolidation or restructuring involving Company, or a sale or transfer of the business and/or any assets of Company, and Executive agrees to be obligated by this Agreement to any successor, assign
or surviving entity. Any successor to Company is an intended third party beneficiary of this Agreement. Executive may not assign this Agreement. 
 20. NOTICES. All notices, requests, demands or other communications by the terms hereof required or permitted to be given by one party to the other shall be given in writing by personal delivery or by registered mail, postage
prepaid, addressed to such other party or delivered to such other party as follows: 
  

	 	(a)	to Company at: 

 Company’s last known address

 Attention: President or Chairman of the Board 
  

	 	(b)	to the Executive at: 

 Executive’s last known address

 Attention: Executive 
 or at such other
address as may be given by either of them to the other in writing from time to time, and such notices, requests, demands, acceptances or other communications shall be deemed to have been received when delivered or, if mailed, three (3) Business
Days after the day of mailing thereof; provided that if any such notice, request, demand or other communication shall 

  

			
	-8-	 	(Initial         )

 
have been mailed and if regular mail service shall be interrupted by strikes or other irregularities, such notices, requests, demands or other communications
shall be deemed to have been received when delivered or, if mailed, three (3) Business Days from the day of the resumption of normal mail service. 
 21. COUNTERPARTS; TELECOPY. This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. Delivery of executed
signature pages by facsimile transmission will constitute effective and binding execution and delivery of this Agreement. 
 22.
HEADINGS. The headings used in this Agreement are for convenience only and are not to be considered in construing or interpreting this Agreement. 
 23. DRAFTER PROVISION. The parties agree that they have both had the opportunity to review and negotiate this Agreement, and that any inconsistency or dispute related to the interpretation of any of the
provisions of this Agreement shall not be construed against either party. 
 24. SURVIVABILITY. The terms of this Agreement survive
the termination of Executive’s employment with Company for any reason. 
 I ACKNOWLEDGE THAT I HAVE CAREFULLY READ AND FULLY
UNDERSTAND ALL OF THE PROVISIONS OF THIS AGREEMENT AND THAT I AM VOLUNTARILY ENTERING INTO THIS AGREEMENT. 
  

									
	MASTECH, INC.:	 		 	EXECUTIVE:
				
	By:	 	  
	 		 	  

					
	Date:	 	  
	 		 	Date:	 	  

					
	Witness:	 	  
	 		 	Witness:	 	  

					
	Date:	 	  
	 		 	Date:	 	  

  

			
	-9-	 	(Initial         )

 Schedule A 
 1. Position: Vice President. 
 Executive shall report in such capacity to Company’s Chief Executive Officer. 
 2. Base Salary: $185,000.00 for the first year of the employment term. Thereafter, Executive’s base salary shall be determined in good faith by the
Company’s Chief Executive Officer. 
 3. Benefits: Executive is eligible for standard company benefits in the same manner as other executives of
the Company including 3 weeks of vacation eligibility as of date of hire. 
 4. Expenses: The Company will reimburse all properly documented expenses
reasonably related to Executive’s performance of Executive’s duties hereunder. 
  

									
	BY:	 	  
	 		 	BY:	 	  

		 	Company / Date	 		 		 	Executive / Date

 SCHEDULE A

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