Exhibit 10.6
HPSC, Inc.
60 State Street
Boston, Massachusetts 02109-1803
As of May 25, 1994
John Everets, Jr.
72 Chestnut Street
Boston, Massachusetts 02108
Re: First Amendment to Employment Agreement
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Dear John:
By unanimous resolution of the Board of Directors of HPSC, Inc. (the
"Company") adopted at a meeting held May 25, 1994, as to which resolution you
abstained from voting, the Company has agreed to amend the terms of your
employment, as set forth in that certain letter agreement dated as of July 19,
1993 between you and the Company (your "Employment Agreement"), by adding the
following new Paragraph 9 to your Employment Agreement:
9. The Company shall (a) indemnify you for fees and expenses
incurred in successfully enforcing against the Company your rights
under this Agreement, and (b) pay your expenses incurred in enforcing
your rights under this Agreement, in advance of a final disposition of
the action relating to such enforcement, upon receipt of your
undertaking to repay the amount advanced if the Company prevails upon
the final disposition of such action.
Pursuant to Paragraph 8 of your Employment Agreement, if you agree to the
above amendment, please sign both copies of this letter and return one copy to
the Company.
Sincerely,
HPSC, Inc.
By: /s/ Dollie A. Cole, Director
______________________________
Dollie A. Cole, Director
By: Thomas M. McDougal, Director
______________________________
Thomas M. McDougal, Director
ACCEPTED:
John Everets, Jr.
__________________________________
John Everets, Jr.