Steel Excel Inc. Watch

from 10-K ~5 pages Fourth Amendment to Management Services Agreement

from 10-Q ~1 page Amendment No. 3 to Management Services Agreement

from 8-K 1 page Amendment No. 2 to Management Services Agreement

from 10-Q 4 pages Steel Excel Inc. 2004 Equity Incentive Plan Restricted Stock Unit Agreement

from 10-Q 1 page Steel Excel Inc. Amendment No. 4 to 2004 Equity Incentive Plan

from 8-K ~1 page Amendment No. 1 to Management Services Agreement

from 10-Q 5 pages Steel Excel Inc. 2006 Director Plan Restricted Stock Purchase Agreement

from 10-Q 5 pages Steel Excel Inc. 2004 Equity Incentive Plan Restricted Stock Agreement

from 10-Q 1 page Steel Excel Inc. Amendment No. 3 to 2004 Equity Incentive Plan

from 10-Q 1 page Steel Excel, Inc. Second Amendment to 2004 Equity Incentive Plan

from 10-Q 1 page Steel Excel, Inc. First Amendment to 2006 Director Plan

from 8-K 17 pages Amended and Restated Management Services Agreement

from 8-K ~1 page Amendment No. 3 to the Independent Contractor Agreement

from 8-K 16 pages Management Services Agreement

from 10-Q ~1 page Adpt Corporation Director Compensation Policy

from 10-Q 12 pages This Agreement Is Entered Into by and Between Adpt Corporation, Which Includes Its Wholly Owned Subsidiaries ("Adpt"), and the Contractor Set Forth Above ("Contractor") as of the Date Executed by Adpt ("Effective Date"). Adpt Agrees to Retain Contractor and Contractor Agrees to Perform Work for Adpt, Subject to the Independent Contractor Agreement Terms and Conditions Attached. Contractor Acknowledges Having Read the Terms and Conditions Set Forth on This First Page and the Agreement Attached Hereto, Understands All Such Terms and Conditions, and Agrees to Be Bound Thereby. Adpt Corporation Mary Dotz By: /S/ John J. Quicke By: /S/ Mary Dotz Title: President & CEO Title: CFO Effective Date: June 1, 2011 Date: May 25, 2011 Independent Contractor Agreement Terms and Conditions 1. Retention of Contractor

from 10-Q 2 pages Second Amendment to Agreement of Purchase and Sale and Escrow Instructions

from 10-Q 2 pages First Amendment to Agreement of Purchase and Sale and Escrow Instructions

from 10-Q 29 pages Agreement of Purchase and Sale and Escrow Instructions

from 10-KT 2 pages Adpt Corporation Restricted Stock Unit Agreement