EMPLOYMENT AGREEMENT between TeleCommunication Systems, Inc. and Thomas M. Brandt, Jr. (Employee Name)Employment Agreement • November 14th, 2001 • Telecommunication Systems Inc /Fa/ • Radiotelephone communications • Maryland
THIS EMPLOYMENT AGREEMENT (“Agreement”), effective as February 1, 2001 (the “Effective Date”), between the individual signing as “Employee” at the end of this Agreement (hereinafter referred to as “Employee”), and TeleCommunication Systems, Inc. (hereinafter referred to as “Company”);
AMENDED AND RESTATED PROMISSORY NOTETelecommunication Systems Inc /Fa/ • November 14th, 2001 • Radiotelephone communications • Maryland
WHEREAS, Timothy J. Lorello (referred to herein as “Borrower”), having a residence and mailing address of 1524 Sappington Drive, Gambrills, MD 21054, executed and delivered a certain Employee Loan Promissory Note dated August 27, 1999 (the “First Note”) in the original principal amount of One Hundred Twenty-five Thousand Dollars ($125,000.00) and a certain Pledge Agreement dated August 27, 1999 (the “First Pledge Agreement”) (collectively, the First Note and the First Pledge Agreement, the “August Loan Documents”) for the benefit of TeleCommunication Systems, Inc., a corporation organized and validly existing under the laws of the State of Maryland (the “Lender”), having a mailing address of 275 West Street, Annapolis, Maryland 21401; and
