Document:

EXHIBIT 10.1

                 AGREEMENT FOR MANAGEMENT CONSULTING SERVICES

 AGREEMENT made on this 23rd day of July, 2004, between INTEGRATED
 PERFORMANCE SYSTEMS, INC. ("IPS"), a New York Corporation, with
 manufacturing facilities located at 10501 FM 720, Frisco, Collin County,
 Texas, and Brad Jacoby ("Consultant").

      WHEREAS, IPS and Lone Star Circuits (LSC) have signed a definitive
      Stock Purchase Agreement dated April 7, 2004 (the "Purchase
      Agreement");

      WHEREAS, IPS wishes to engage the services of the Consultant, as an
      independent contractor and not as an employee, to assist in the
      management of IPS in order to facilitate the performance of IPS and
      LSC under their agreements.

 THEREFORE, IPS engages the services of Consultant.  In consideration of the
 mutual promises contained in this contract, the parties hereby agree as
 follows:

 S1 - Term.  This agreement is for a period of two (2) years, commencing on
 the date of execution of this agreement.  It may be terminated by either
 party by giving 10 days' written notice to the other party.

 This Agreement shall terminate immediately upon the closing of the Purchase
 Agreement.

 S2 - Services to be Rendered.  Under this agreement, Consultant shall assume
 the overall management responsibility for the operations of IPS and its
 subsidiaries effective as of the date of execution of this Agreement.
 Consultant shall be a contract manager, and shall not be named as an
 officer or director pursuant to this Agreement.

 S3 - Authority and Obligations

 Consultant shall have the authority customarily exercised by the chief
 executive officer, saving those matters requiring the expenditure of funds
 beyond normal operating expenses, which require approval by the Chairman of
 the Board of Directors.

 Consultant shall report to the Chairman of the Board of IPS and shall keep
 the Chairman informed as to his activities through the use of regular
 meetings.  The Chairman shall also keep Consultant informed regarding
 all IPS matters and developments.

 IPS shall provide full cooperation and access to its facilities, employees,
 and business records.

 S4 - Compensation

 For services to be rendered pursuant to this Agreement, Consultant will
 be entitled to a fee of $20,000.00 per month, payable, at IPS' option, in
 Series C Preferred stock of IPS.  Payments accrue at the end of each month
 of service, are fully vested when paid, and are not contingent on either
 Consultant's length of service or on performance objectives.

 No compensation shall be due Consultant from IPS pursuant to this Agreement
 if the Purchase Agreement closes.

 While the base payment of $20,000.00 per month is not contingent on
 performance milestones, in the event that IPS achieves positive earnings
 before interest, depreciation, amortization, income taxes, and payments
 to Consultant for either year covered by this Agreement, Consultant shall
 receive Series C Preferred Stock of IPS having a redemption value of two
 hundred sixty thousand ($260,000.00) dollars.

 In the event the Purchase Agreement does not close (for any reason,
 including, but not limited to, Consultant's delivery of a termination notice
 to IPS under S3.04(g) of the Purchase Agreement), any Series C preferred
 stock paid under this Agreement shall be convertible into common stock at
 market price on the day of conversion.  The term of such conversion right
 shall be indefinite.  Consultant is also granted piggyback conversion rights
 in all stock received under this agreement.

 S5 - Indemnification

 The parties agree that Consultant will not be liable to IPS, its officers,
 directors, employees, customers, vendors, or any other party with respect to
 any act or omission performed by Consultant under this Agreement.

 IPS agrees to indemnify Consultant if he is, or is threatened to be made
 a named defendant or respondent in any threatened, pending, or completed
 proceeding, whether civil, criminal, administrative, arbitrative, or
 investigative, including all appeals.  IPS also agrees to pay or reimburse
 the expenses incurred by Consultant in connection with Consultant's
 appearance as a witness or other participation in a proceeding, even
 though Consultant is not a named Defendant or Respondent in the proceeding.

 Indemnification will be against all expenses, including, without limitation,
 attorney's fees, court costs, expert witness fees, judgments, decrees,
 fines, penalties, and reasonable expenses actually incurred by Consultant
 in connection with the proceeding.

 S6 - No Guarantee of Performance

 Consultant will perform services under this Agreement to the best of his
 abilities, devoting the amount of time necessary and appropriate towards
 meeting certain performance goals.  However, CONSULTANT MAKES NO GUARANTEE,
 AND PROVIDES NO WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO HIS
 PERFORMANCE OR THE PERFORMANCE OF IPS PURSUANT TO HIS LEADERSHIP.  THIS
 DISCLAIMER INCLUDES ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A
 PARTICULAR PURPOSE.  Consultant may be unable to improve the performance of
 IPS.  The failure of Consultant to meet certain performance objectives is
 neither a violation of this Agreement nor does it grant a right on the part
 of IPS to fail to perform its obligations under this Agreement, specifically
 including, but not limited to the compensation of Consultant as described in
 Section 4.

 S7 - Entire Agreement

 This Agreement constitutes the sole and only agreement of the parties with
 respect to management services and supersedes any prior understandings or
 written or oral agreements between the parties respecting this subject
 matter.

 S8 - Successors and Assigns

 This Agreement is binding on and inures to the benefit of the parties
 to it and their respective heirs, executors, administrators, legal
 representatives, successors and assigns.

 S9 - Attorneys Fees

 If any action at law or in equity is brought to enforce or interpret the
 provisions of this Agreement, the prevailing party is entitled to reasonable
 attorney's fees in addition to any other relief to which he may be entitled.

 S10 - Governing Law

 This Agreement, and the rights and duties of the parties under it, are
 governed by the laws of the State of Texas.

 S11 - Amendment

 This Agreement may be amended by the mutual agreement of the parties to it,
 in a writing to be attached to and incorporated in this Agreement.

 S12 - Construction.

 In the event that any one or more of the provisions contained in this
 Agreement is for any reason held to be invalid, illegal, or unenforceable
 in any respect, that invalidity, illegality, or unenforceability will not
 affect any other provisions, and the Agreement will be construed as if the
 invalid, illegal, or unenforceable provision had never been contained in it.

 SIGNED on this the 23rd day of July, 2004.

 /s/   RON ALLEN                         /s/ BRAD JACOBY
 -----------------------------------     ---------------------------------
 Ron Allen                               Brad Jacoby
 President and Chairman of the Board
 Integrated Performance Systems, Inc.EXHIBIT 10.2

                     STOCK ESCROW AND SECURITY AGREEMENT

 This "Stock Escrow and Security Agreement" (hereinafter, the "Agreement") is
 made this 16th day of September, 2004, by and between Transferor Ron Allen,
 Chief Executive Officer and Chairman of the Board of Directors of Integrated
 Performance Systems, Inc. and Integrated Performance Systems, Inc.
 (collectively, the "Transferors"), and Transferees Brad Jacoby, President
 and Chairman of Best Circuit Boards, Inc. d/b/a Lone Star Circuits and Best
 Circuit Boards, Inc. (collectively, the "Transferees").  Transferors and
 transferees are collectively referred to herein as the "parties."

                                   RECITALS

 WHEREAS, the parties have entered into a Definitive Stock Purchase Agreement
 originally dated April 7, 2004 (the "Definitive Agreement") under which Brad
 Jacoby will become majority shareholder and chief executive officer of
 Integrated Performance Systems, Inc. ("IPS").

 WHEREAS, parties have executed a management consulting agreement, under
 which Brad Jacoby assumed, at least until the closing of the Definitive
 Agreement,  the overall management responsibility for the operations of IPS
 and its subsidiaries, having the authority customarily exercised by the
 chief executive officer, saving those matters requiring the expenditure of
 funds, which required approval of Transferor Ron Allen.

 WHEREAS, Transferees have advanced funds on behalf of IPS to 3rd party
 suppliers and expect to advance additional funds on behalf of IPS in the
 near future in an effort to meet various business obligations.

 WHEREAS, Transferees seek to secure the reimbursement of all such advances
 whether or not the Definitive Agreement closes.

 WHEREAS, the parties seek to ultimately terminate the factoring arrangement
 currently in place between IPS and USA Funding.

 THEREFORE,  in consideration of the promises and agreements of the parties
 and for other good and valuable consideration, the receipt and sufficiency
 of which is hereby acknowledged, the parties hereby agree as follows:

                          ARTICLE I:  Escrow Deposit

 S1.01.  Transferor Ron Allen, contemporaneous with the execution of
 this Agreement, shall deposit all certificated securities he may have in
 Integrated Performance Systems, Inc. (IPS) held as common stock with Escrow
 Agent to secure Transferors' obligations as described in S1.03 below.  The
 amount or value of the certificates transferred shall constitute the "Escrow
 Fund."  By making such deposit, Transferor warrants that he has authority
 to pledge such securities, that such deposit does not violate any known
 agreements or covenants with any 3rd party, and that proper indorsement has
 been made on such securities, if necessary.

 Such securities are identified as follows:

      Certificate Number:  0187
      Held in the name of:  Associates Funding Group, Inc.
      Issue date:  December 23, 1999
      Number of shares:  1,249,244 shares

      Certificate Number:  1261
      Held in the name of:  Associates Funding Group, Inc.
      Issue date:  February 28, 2003
      Number of shares:  1,567,959 shares

      Certificate Number:  0192
      Held in the name of:  BC&Q Corp.
      Issue date:  December 23, 1999
      Number of shares:  849,485 shares

      Certificate Number:  0189
      Held in the name of:  Winterstone Management, Inc.
      Issue date:  December 23, 1999
      Number of shares:  905,244 shares

 S1.02.  For the duration of this Agreement, all voting rights represented by
 stock transferred into the Escrow Fund pursuant to S1.01, as well as any
 other rights appurtenant to the ownership of such stock,  shall be exercised
 by Transferee Brad Jacoby.

 S1.03.  The assets in the Escrow Fund are to be retained by Gregory W.
 Mitchell, acting as Escrow Agent and Escrow Trustee pursuant to this Escrow
 Agreement.  The assets (and any income which might be earned on them) may be
 disbursed from the Escrow Fund only in accordance with Article III, below.

 S1.04.  The assets in the Escrow Fund shall be held as security against any
 and all past or future advances by Transferees in favor of Transferors.
 Upon request, Transferee will provide Transferor an accounting of the unpaid
 obligations secured by the collateral in the Escrow Fund.  A reasonable
 charge may be applied for such accounting.

 S1.05.  Transferor Ron Allen hereby acknowledges Transferees' security
 interest in the stock deposited into the Escrow Fund and waives any failure
 to perfect such security interest if later found by a court of law.

                     ARTICLE II:  Duties of Escrow Agent

 S2.01.  The Escrow Agent shall receive and hold the Escrow Fund pursuant
 to the terms of this Escrow Agreement and shall protect the Escrow Fund as
 security for the obligations described in S1.04 above.  Any interest or
 other income earned by the assets held in the Escrow Fund shall also be
 protected until the Escrow Fund is disbursed as provided below.

 S2.02.  The Escrow Agent shall disburse part or all of the Escrow Fund only
 in accordance with Article III below.  All interest and other income earned,
 if any, on the Escrow Fund at the time of disbursement shall be distributed
 in the same proportion as the distribution of the Escrow Fund.  On
 distribution of all the Escrow Fund, except as otherwise provided under
 Article IV below, this Escrow Agreement shall terminate.

 S2.03.  Upon written request, the Escrow Agent shall provide Transferors
 and/or Transferees with reports of the assets held and any amounts earned or
 distributed in the Escrow Fund.

 S2.04.  The Escrow Agent shall be obligated only for the performance of the
 duties that are specifically set forth in this Escrow Agreement.  The Escrow
 Agent shall be protected in acting or refraining from acting on any
 instrument believed to be genuine and to have been signed or presented by
 the proper party or parties.  The Escrow Agent shall not be liable for any
 action taken or omitted in good faith and believed to be authorized by this
 Escrow Agreement nor for any action taken or omitted in accordance with the
 advice of the Escrow Agent's counsel.

 S2.05.  The Escrow Agent shall have no liability under, or duty to inquire
 into the terms and provisions of this Agreement or the Definitive Agreement.
 It is agreed that the Escrow Agent's duties are purely ministerial in nature
 and that the Escrow Agent shall incur no liability whatsoever except for
 willful misconduct or gross negligence so long as the Escrow Agent has acted
 in good faith.  The Escrow Agent shall not be bound by any modification,
 amendment, termination, cancellation, rescission, or supersession of this
 Escrow Agreement and, if the Escrow Agent's duties are affected in any way,
 unless the Escrow Agent has given prior written consent to any such
 agreement.

 S2.06.  The Escrow Agent may at any time resign from the duties under this
 Escrow Agreement by giving written notice of resignation to the parties at
 their addresses set forth in Article V, below, at least 10 days prior to the
 date specified for the resignation to take effect.  On the effective date of
 the resignation, the Escrow Fund shall be delivered by the Escrow Agent to
 the successor Escrow Agent, or to the national banking association that may
 be designated in writing jointly by Transferors and Transferees.  All of the
 obligations of Escrow Agent shall cease and terminate on delivery of the
 Escrow Fund.

                  ARTICLE III:  Disbursements of Escrow Fund

 S3.01.  No disbursements shall be made from the Escrow Fund except as
 provided in this
 Article III.

 S3.02.  No disbursements shall be made from the Escrow Fund prior to either
 the closing of or the termination of the Definitive Agreement (no matter
 which party is responsible for the termination).

 S3.03.  Upon the closing or termination of the Definitive Agreement, Escrow
 Agent shall disburse to Transferees an amount representing the amount of
 funds advanced in favor of Transferors prior to the closing or termination.
 Transferees shall present documentation sufficient to substantiate that
 amount.  Prior to disbursement, Transferors shall be given the opportunity
 to object to the amount as well as the opportunity to satisfy such amount in
 cash or other payment acceptable to Transferee.  In the event of a disputed
 amount, Escrow Agent shall disburse the undisputed amount and continue to
 retain the balance of the Escrow Fund pending resolution between the
 parties, either by agreement or by decision of a court of law.

 S3.04.  Escrow Agent shall give notice to both Transferors and Transferees
 prior to making partial or complete disbursement of any amounts from the
 Escrow Fund pursuant to this
 Article III.

 S3.05.  Unless otherwise agreed, any stock deposited into the Escrow Fund
 shall, upon disbursement, be valued at market price on the day of
 disbursement for purposes of satisfying advances made.

 S3.06.  Prior to liquidation of any stock held in the Escrow Fund to be
 disbursed in accordance with this Article, Transferors shall be allowed to
 fund the disbursement in an equivalent amount of cash or other form of
 payment acceptable to Transferees.

 S3.07.  Transferors shall pay Escrow Agent his customary fee for the
 performance of Escrow Agent's services for such time that any Escrow Funds
 remain in escrow and shall reimburse Escrow Agent for reasonable costs and
 expenses incurred in connection with the performance of the services.
 Escrow Agent shall have the authority to disburse an amount from the Escrow
 Fund to satisfy any unpaid amounts under this section at the time of
 termination of the Escrow Fund.

 S3.08.  Upon satisfaction of all amounts advanced by Transferees to
 Transferors, the Escrow Fund shall be terminated and the remaining balance,
 if any, in such fund shall be returned to Transferor, with an accounting of
 amounts disbursed.  At such time, this Agreement shall terminate with
 respect to the creation and maintenance of the Escrow Fund.

                     ARTICLE IV:  2nd Lien on Receivables

 S4.01.  As additional security for advances by Transferees to Transferors,
 and in an effort to decrease the costs of doing business, Transferees hereby
 obtain a 2nd lien on all assets of IPS which are currently pledged as
 collateral for the factoring agreement with USA Funding.

 S4.02.  Transferors and Transferees will jointly work to eliminate the
 factoring arrangement currently in existence between IPS and USA Funding.
 Transferees' 2nd lien shall endure until such time as this factoring
 arrangement is terminated.  At that time, Transferee's 2nd lien shall
 automatically become a 1st lien, and Transferee shall immediately assume
 the role of the factoring company under the same terms as currently in place
 with USA Funding.

 S4.03.  Transferees' lien as described in this section shall survive until
 such time as it is terminated in a writing signed by Transferors and
 Transferees, notwithstanding the termination of the Escrow Fund pursuant
 to Article III above.

                          ARTICLE V:  Miscellaneous

 S5.01.  This Escrow Agreement shall be binding on and inure to the benefit
 of the parties to this Escrow Agreement and their respective successors and
 permitted assigns.  No other persons shall have any rights under this Escrow
 Agreement.

 S5.02.  A successor Escrow Agent may be appointed at any time by the mutual
 written agreement of both Transferors and Transferees.

 S5.03.  The Escrow Agent agrees to hold the assets of the Escrow Fund as a
 trustee in a segregated and separate account, outside of the reach of its
 general creditors.

 S5.04.  Any notice, statement, or other communication that is required or
 that may be given under the terms of this Escrow Agreement shall be in
 writing and shall be sufficient in all respects if properly addressed and
 delivered personally or by United States certified mail, postage prepaid, as
 follows:

      If to Transferor:   Mr. Ron Allen
                     Integrated Performance Systems, Inc.
                     17300 N. Dallas Pkwy.
                     Dallas, Texas  75248

      If to Transferee:   Mr. Brad Jacoby
                     Lone Star Circuits
                     901 Hensley Lane
                     Wylie, Texas  75098

      If to Escrow Agent: Mr. Gregory W. Mitchell
                     Attorney at Law
                     4201 Shadybrook Lane
                     Rowlett, Texas  75088
 or to any other address that any party shall designate in writing to the
 other parties in accordance with this provision.

 S5.05.  This Escrow Agreement shall be governed by and construed in
 accordance with the laws of the State of Texas.

 The parties to this Escrow Agreement have duly executed this Agreement on
 this the 16th day of September, 2004.

 /s/   RON ALLEN                         /s/ BRAD JACOBY
 -----------------------------------     ---------------------------------
 Ron Allen                               Brad Jacoby
 On behalf of Transferors                On behalf of Transferees

 /s/  GREGORY W. MITCHELL
 -----------------------------------
 Gregory W. Mitchell
 Escrow Agent and Trustee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}]]