Document:

AGREEMENT TO PROVIDE INSURANCE

 AGREEMENT TO PROVIDE INSURANCE 
  

							
	Grantor:	  	Computer Software Innovations, Inc.	  	Lender:	  	RBC CENTURA BANK
	 	  	1661 East Main Street	  	 	  	Lending Service Center, P.O. Box 1220
	 	  	Easley, SC 29640	  	 	  	Rocky Mount, NC 27802

  
 INSURANCE REQUIREMENTS.
Grantor, Computer Software Innovations, Inc. (“Grantor”), understands that insurance coverage is required in connection with the extending of a loan or the providing of other financial accommodations to Grantor by Lender. These
requirements are set forth in the security documents for the loan. The following minimum insurance coverages must be provided on the following described collateral (the “Collateral”): 
  

			
	Collateral:	  	All Inventory and Equipment.
	 	  	Type: All risks, including fire, theft and liability.
	 	  	Amount: Loan Amount.
	 	  	Basis: Replacement value.
	 	  	Endorsements: Lender loss payable clause with stipulation that coverage will not be cancelled or diminished without a minimum of thirty (30) days prior written notice to
Lender.
	 	  	Comments: Customer #2929503.
	 	  	Latest Delivery Date: By the loan closing date.

  
 INSURANCE COMPANY.
Grantor may obtain insurance from any insurance company Grantor may choose that is reasonably acceptable to Lender. Grantor understands that credit may not be denied solely because insurance was not purchased through Lender. 
  
 INSURANCE MAILING ADDRESS. All documents and other materials relating to insurance for
this loan should be mailed, delivered or directed to the following address: 
  

	
	 RBC CENTURA BANK
 P.O. Box 1220

Rocky Mount, NC 27802

  
 FAILURE TO PROVIDE INSURANCE.
Grantor agrees to deliver to Lender, on the latest delivery date stated above, proof of the required insurance as provided above, with an effective date of February 10, 2006, or earlier. Grantor acknowledges and agrees that if Grantor fails
to provide any required insurance or fails to continue such insurance in force, Lender may do so at Grantor’s expense as provided in the applicable security document. The cost of any such insurance, at the option of Lender, shall be added to
the indebtedness as provided in the security document. GRANTOR ACKNOWLEDGES THAT IF LENDER SO PURCHASES ANY SUCH INSURANCE, THE INSURANCE WILL PROVIDE LIMITED PROTECTION AGAINST PHYSICAL DAMAGE TO THE COLLATERAL, UP TO AN AMOUNT EQUAL TO THE LESSER
OF (1) THE UNPAID BALANCE OF THE DEBT, EXCLUDING ANY UNEARNED FINANCE CHARGES, OR (2) THE VALUE OF THE COLLATERAL; HOWEVER, GRANTOR’S EQUITY IN THE COLLATERAL MAY NOT BE INSURED. IN ADDITION, THE INSURANCE MAY NOT PROVIDE ANY PUBLIC
LIABILITY OR PROPERTY DAMAGE INDEMNIFICATION AND MAY NOT MEET THE REQUIREMENTS OF ANY FINANCIAL RESPONSIBILITY LAWS. 
  
 AUTHORIZATION. For purposes of insurance coverage on the Collateral, Grantor authorizes Lender to provide to any person (including any insurance agent or company)
all information Lender deems appropriate, whether regarding the Collateral, the loan or other financial accommodations, or both. 
  
 GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS AGREEMENT TO PROVIDE INSURANCE AND AGREES TO ITS TERMS. THIS AGREEMENT IS DATED FEBRUARY 10, 2006.

  
 GRANTOR: 
  

			
	COMPUTER SOFTWARE INNOVATIONS, INC.
		
	By:	 	 /s/ Nancy K. Hedrick

	 	 	Nancy K. Hedrick, President/CEO of Computer Software Innovations, Inc.

  
 FOR LENDER USE ONLY

  
 INSURANCE VERIFICATION 
  

			
		
	 DATE: _________________________
	  	 PHONE (864) 859-4091

		
	 AGENT’S NAME: Fireman Insurance Co
	  	 
		
	 AGENCY: R. Carl Byars Agency, Inc.
	  	 
		
	 ADDRESS: P.O. Box 465, Easley, SC 29641
	  	 
		
	 INSURANCE COMPANY: Computer Software Innovations
	  	 
		
	 POLICY NUMBER: CPA 1014508-18
	  	 
	
	 EFFECTIVE DATES: ___________________________________________________________________________________________

	
	 ___________________________________________________________________________________________________________

	
	 COMMENTS: ________________________________________________________________________________________________

	
	 ___________________________________________________________________________________________________________

  

 LASER PRO Lending, Ver. 5.30.00.004 Copr. Harland Financial Solutions, Inc. 1997, 2006. All Rights
Reserved. - SC N:\LASERPROP\CFI\LPL\D20.FC TR-44815 PR-5Form of Restricted Stock Agreement

 EXHIBIT 10.1 
  
 STEPAN COMPANY 
 RESTRICTED STOCK AGREEMENT 
 2000 OPTION PLAN 
  
 THIS AGREEMENT (the “Agreement”), is made and entered into as of      day of
                    , 200   (the “Date of Grant”) by and between Stepan Company, a Delaware corporation (the
“Company”) and                                  (the
“Participant”). 
  
 WITNESSETH THAT: 

 
 WHEREAS, the Company has adopted the Stepan Company 2000 Stock
Option Plan (the “Plan”); 
  
 WHEREAS, in
accordance with the provisions of the Plan, the Company desires to provide the Participant with an incentive to increase the value of the Company; 
  
 WHEREAS, terms not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. 
  
 NOW, THEREFORE, in consideration of the foregoing and mutual
agreements set forth herein, and for other good and valuable consideration, the Company and Participant agree as follows: 
  

	1.	Award. Subject to the terms, conditions and restrictions set forth in this Agreement and in the Plan, the Company hereby grants to the Participant as of the Date of
Grant              of shares of Stock of the Company (the “Restricted Stock”). The shares of Restricted Stock awarded to the Participant shall be subject to the performance
conditions set forth in Section 2 (the “Performance Conditions”) and the restrictions on transferability and forfeiture set forth in Section 3 (the “Risk of Forfeiture Conditions”). 

  

	2.	Performance Conditions. 

  

	 	(a)	The Restricted Stock shall be distributed to the Participant if and to the extent that the Threshold, Target or Maximum performance level of the performance goals is achieved, as
determined by the Committee in its sole discretion. The number of shares of Restricted Stock awarded hereby shall be adjusted based upon the achievement of a specified level of the Company’s Corporate Net Income (“CNI”) and Return on
Invested Capital (“ROIC”) for the Measuring Period, as determined by the Committee. The “Measuring Period” for purposes of this Agreement is the period beginning on January 1, 200   and ending on
December 31, 200  . 

  

	 	(b)	 Except as otherwise provided in this Agreement, the number of shares of Restricted Stock that the Participant shall be entitled to receive at the end of the
Restricted Period (unless forfeited pursuant to Section 3) shall equal the number of shares of Restricted Stock awarded in accordance with Section 1 hereof, 

	 	 
multiplied by the applicable percentage (“Applicable Percentage”), which correspond to the Company’s achieved specified CNI and ROIC for the
Measurement Period, and which is set by the Committee. For levels of actual performance between the Threshold, Target and Maximum levels of performance achieved, as set by the Committee, the Applicable Percentage will be calculated by prorating
between the values assigned to the specified performance levels, giving equal weighting to each of the achieved CNI and ROIC. 

  

	 	(c)	Any shares of Restricted Stock awarded hereby that the Participant is not entitled to receive at the end of the Restricted Period pursuant to this Section 2 and as determined
by the Committee, shall be deemed forfeited, and the Company shall be authorized to cancel such shares at the end of the Restricted Period. 

  

	3.	Risk of Forfeiture Conditions. The Restricted Stock shall be subject to the restrictions on transferability and risk of forfeiture set forth in paragraphs (a) and
(b) below (the “Risks of Forfeiture”) until such Risks of Forfeiture lapse in accordance with the terms of this Agreement. Upon a lapse of the Risks of Forfeiture, the Restricted Stock to which the Risks of Forfeiture applied shall
vest and become distributable to the Participant. 

  

	 	(a)	The Restricted Stock awarded to the Participant may not be encumbered, sold, assigned, transferred, pledged, hypothecated or otherwise disposed of other than by will or the laws of
descent and distribution and shall be subject to a risk of forfeiture during the Restricted Period, beginning on the Date of Grant and ending on December 31, 2008. No such sale, assignment, transfer, exchange, pledge, hypothecation or
encumbrance, whether made or created by voluntary act of the Participant or of any agent of the Participant or by operation of law, shall be recognized by, or be binding upon or shall in any manner affect the rights of, the Company or any agent or
any custodian holding certificates for such Restricted Stock during the Restricted Period. 

  

	 	(b)	Except as otherwise provided in the Agreement, if the services of the Participant to the Company shall be terminated during the Restricted Period for any reason, the Participant
shall immediately forfeit to the Company all Restricted Stock, without any consideration paid to the Participant, and, thereafter, the Participant shall have no further rights with respect to such Restricted Shares. 

  

	4.	Lapse of Risks of Forfeiture. 

  

	 	(a)	Except as otherwise provided in the Agreement, the Risks of Forfeiture will lapse and the Participant’s rights will vest with respect to the Restricted Stock (as adjusted in
accordance with Section 2) and any Dividend Rights with respect to such Restricted Stock, on the first day following the end of the Restricted Period, provided the Participant shall have been continuously employed by the Company from the Date
of Grant through the date of such lapse. 

  

	 	(b)	 Notwithstanding any other provision of this Agreement, if the Participant’s 

  

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employment with the Company terminates at least twelve (12) months after the Date of Grant but before the end of the Restricted Period by reason of
(i) death, (ii) becoming Disabled (within the meaning of Code Section 22(e)(3)), or (iii) the Participant’s early or normal retirement (with the Company’s approval) under the provisions of any qualified retirement plan
maintained by the Company, then the Risks of Forfeiture will lapse and the Participant’s right to Restricted Stock (as adjusted pursuant to Section 2 and this Section) and any Dividend Rights with respect to such Restricted Stock shall
immediately vest. The number of shares of Restricted Stock to which the Participant may become entitled pursuant to this Section 4(b), shall equal the number of shares of Restricted Stock granted hereunder, as adjusted pursuant to
Section 2, multiplied by a fraction, the numerator of which is the number of days in the Restricted Period during which the Participant was employed by the Company and the denominator of which is the total number of days in the Restricted
Period, rounded up or down to the whole number of shares. 

  

	5.	Issuance of Stock Certificates. As soon as practicable after the expiration or lapsing of the Restricted Period, the Company will issue to the Participant a
certificate (without legend) evidencing the number of shares that the Participant is entitled to receive under Section 2, or, if applicable, Section 4 (less any shares withheld pursuant to Section 5.1 of the Plan) and with respect to
which the Risks of Forfeiture have lapsed. 

  

	6.	Amendments. Any amendment to the Plan shall be deemed to be an amendment to this Agreement to the extent that the amendment is applicable hereto; provided, however,
that no amendment shall adversely affect the rights of the Participant under this Agreement without the Participant’s consent. 

  

	7.	Severability. In the event that one or more of the provisions of this Agreement shall be invalidated for any reason by a court of competent jurisdiction, any provision
so invalidated shall be deemed to be separable from the other provisions hereof, and the remaining provisions hereto shall continue to be valid and fully enforceable. 

  

	8.	Relation to Plan. This Agreement is subject to the terms and conditions of the Plan. In the event of any inconsistent provisions between this Agreement and the Plan,
the Plan shall govern. 

  

	9.	Successors and Assigns. The provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors, administrators, heirs, legal
representatives and assigns of the Participant, and the successors and assigns of the Company. 

  

	10.	Governing Law. The interpretation, performance, and enforcement of this Agreement shall be governed by the laws of the State of Illinois, without giving effect to the
principles of conflict of laws. 

  

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	11.	Section 83(b) Tax Election. The Participant understands that he or she may elect to be taxed at the time the Restricted Stock is acquired rather than when such
stock ceases to be subject to forfeiture restrictions by filing an election under Code Section 83(b) with the Internal Revenue Service within thirty (30) days after the Date of Grant. The Participant understands that the failure to make
this filing within the thirty-day period will result in the recognition of ordinary income by the Participant as the forfeiture restrictions on the Restricted Stock lapses measured by the value of the Restricted Stock at that time. The Participant
agrees that he or she is relying on his or her own tax advisors and is not relying on the Company with respect to any election that he or she may make under Code Section 83(b). 

  
 IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed as of the day first written above. 
  

							
	 	 	 	 	STEPAN COMPANY
				
	 	 	 	 	By:	 	  

	 	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 
			
	AGREED AND ACCEPTED:	 	 	 	 
				
	By:	 	  

	 	 	 	 
	 	 	    [name]	 	 	 	 

  

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