iLabor Network Supplier Agreement Amendment No. 2Ilabor Network Supplier Agreement • November 24th, 2009 • Clearpoint Business Resources, Inc • Services-help supply services • Pennsylvania
Whereas, pursuant to the iLabor Network Supplier Agreement entered into between ClearPoint Resources, Inc. (“ClearPoint”), Staffchex, Inc. (“Staffchex”) and Staffchex Servicing, Inc. (“Staffchex Servicing” and together with “Staffchex”, the “Company”) on February 28th, 2008 (the “Agreement”), and as Amended on March 16th, 2009, ClearPoint and the Company wish to enter into this amendment (the “Second Amendment”) to the Agreement dated this 18th day of November, 2009 but effective as of November 1, 2009 (the “Effective Date”) as follows:
iLabor Network Supplier Agreement Amendment No. 3Ilabor Network Supplier Agreement • April 15th, 2010 • Clearpoint Business Resources, Inc • Services-help supply services
WHEREAS, the Company and ClearPoint agreed to a reduction in the Compensation from 1.25% to 0.75%, effective November 1, 2009 in exchange for the Transferred Accounts, generating a minimum of $96,153 in gross billings on a weekly basis, and that minimum has not been met. The Parties hereby agree that the Compensation rate effective as of the date of this Amendment No. 3, shall be 0.75% on all Staffchex collections, excluding those accounts listed on Attachment A of Amendment No. 2. Of the 0.75% Compensation rate, 0.50% shall be deferred in accordance with Amendment No. 2 until February 1, 2010. Additionally, Staffchex agrees to direct WFBC to pay ClearPoint $2,885 per week, effective January 11, 2010, in lieu of Transferred Accounts until such time as the total Transferred Accounts increases to $96,153. For the period December 14, 2009 through January 8, 2010, Staffchex will pay ClearPoint 3% of actual billings for Transferred Accounts. Determination of a completed transfer is in the s
