Exhibit 99.2 AMENDMENT NO. 1 TO XCEL MANAGEMENT, INC. 2000 EXECUTIVE LONG-TERM INCENTIVE PLAN WHEREAS, Insynq, Inc. (the "Company") has heretofore adopted the XCEL Management, Inc. 2000 Executive Long-Term Incentive Plan (the "Plan"); and WHEREAS, the Company desires to amend the Plan in certain respects as hereinafter provided; NOW, THEREFORE, effective as of August 3, 2000, the Company does hereby amend the Plan as follows: 1. Section I, paragraph 3(q) of the Plan hereby is revised to provide in its entirety as follows: "'Stock' means the Class A Common Stock, $.001 par value per share, of Insynq, Inc." 2. The name of the Plan is hereby amended to read as follows: "Insynq, Inc. 2000 Executive Long Term Incentive Plan." IN WITNESS WHEREOF, the Company has caused this AMENDMENT NO.1 TO THE XCEL MANAGEMENT, INC. 2000 EXECUTIVE LONG-TERM INCENTIVE PLAN to be executed in its name and on its behalf this 9th day of August, effective as of August 3, 2000. INSYNQ, INC. By: /s/ John P. Gorst ---------------------------------- Its: Chief Executive Officer ----------------------------------