EX-10.2
from 10-Q
3 pages
This Amendment #1 Shall Amend That Certain Engagement Letter Agreement Dated January 12, 2009 (The “Agreement”) by and Between Clearpoint Business Resources, Inc., Clearpoint Resources, Inc. and Certain Subsidiaries and Affiliates Thereof (Collectively, the “Company” or “Client”) and Xroads Solutions Group, LLC (“Xroads”). This Amendment #1 Is Effective as of May 14, 2009. for Good and Valuable Consideration, the Receipt and Sufficiency of Which Is Hereby Acknowledged, Xroads and the Company Hereby Agree That the Agreement Shall Be Amended as Follows: 1. Section 3 of the Agreement Entitled “Term of Engagement”, Is Hereby Amended to Add the Following Language Thereto: “The Company Hereby Extends the Term of This Engagement Such That the Term Shall Run From May 14, 2009 to August 13, 2009. the Interim COO Fees and EBITDA Fees for Such Extension Terms Shall Be as Follows: Extension Term Interim COO Fee / EBITDA Fee May 14, 2009 to August 13, 2009 $45,000 Per 30 Day Period / 10% 2. the Third Sentence of Section 2.d. of the Agreement Entitled Is Hereby Deleted and Replaced by the Sentence Below, and the Additional Language Below Is Hereby Added to Section 2.d
12/34/56
EX-10.2
from 8-K
13 pages
This Letter Agreement (The “Agreement”) Sets Forth the Services to Be Provided by Xroads Solutions Group, LLC (“Xroads”) to Clearpoint Business Resources, Inc., Clearpoint Resources, Inc. and Certain Subsidiaries and Affiliates Thereof (Collectively, the “Company” or “Client”) and the Terms and Conditions Under Which Such Services Will Be Performed (The “Engagement”). All References in This Agreement to Xroads Shall Include Xroads’ Officers, Employees and Agents. if Appropriate in Connection With Performing Its Services for the Company Hereunder, Xroads May Utilize the Services of One or More of Its Affiliates, in Which Case the References Herein to Xroads Shall Include Such Affiliates. 1. Scope of Services
12/34/56
