Exhibit 10.4

SECURITY AGREEMENT

THIS SECURITY AGREEMENT, dated as of March 6, 2012 (as amended, supplemented or
modified from time to time, this “Agreement”), is made by COMPUTER SOFTWARE
INNOVATIONS, INC., a Delaware corporation (the “Pledgor”), in favor of FIFTH
THIRD BANK (the “Bank”). Except as otherwise provided herein, capitalized terms
used herein without definition shall have the meanings given to them in the
Credit Agreement referred to below.

BACKGROUND STATEMENT

A. The Pledgor and the Bank are parties to a Credit Agreement, dated as of even
date herewith (as amended, modified or supplemented from time to time, the
“Credit Agreement”), which is incorporated herein by reference thereto,
providing for the availability of a $8,000,000 revolving line of credit and a
$700,000 term loan (each, a “Loan” and collectively, the “Loans”) to the Pledgor
upon the terms and conditions set forth therein.

B. As a condition to the making of the Loans, and issuing the Letters of Credit,
to the Pledgor under the Credit Agreement, the Pledgor has agreed, by executing
and delivering this Agreement, to secure the payment in full of its obligations
under the Credit Agreement and the other Credit Documents. The Bank is relying
on this Agreement in its decision to extend credit to the Pledgor under the
Credit Agreement, and would not enter into the Credit Agreement without the
execution and delivery of this Agreement by the Pledgor.

STATEMENT OF AGREEMENT

NOW, THEREFORE, in consideration of the Obligations (as defined in the Credit
Agreement), and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and in order to induce the Lender
to enter in to the Credit Agreement and make the Loans and issue the Letters of
Credit, the Pledgor and the Bank, for themselves, their successors and assigns,
hereby agree as follows:

ARTICLE I

DEFINITIONS

1.1 Defined Terms. Any terms not defined in this Agreement will have the
meanings given thereto in the Credit Agreement. Terms that are defined in the
Uniform Commercial Code (as hereinafter defined) and not defined in the Credit
Agreement are used in this Agreement as so defined. In addition, the following
terms have the meanings set forth below:

“Collateral” means and includes the property and property rights of Pledgor
described on Schedule I.

“Prior Security Interest” means, to the extent a security interest can be
perfected and prioritized by filing under the Uniform Commercial Code, a
continuing enforceable perfected security interest under the Uniform Commercial
Code which is prior and superior to all Liens and the rights of all third
parties in the Collateral except as may otherwise be provided in the Credit
Agreement.

“Uniform Commercial Code” means the Uniform Commercial Code as the same may be
in effect from time to time in the State of South Carolina; provided that if, by
reason of applicable law, the validity or perfection of any security interest in
any Collateral granted under this Agreement is governed by the Uniform
Commercial Code as in effect in another jurisdiction, then as to the validity or
perfection, as the case may be, of such security interest, “Uniform Commercial
Code” means the Uniform Commercial Code as in effect from time to time in such
other jurisdiction.

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ARTICLE II

CREATION OF SECURITY INTEREST

2.1 Pledge and Grant of Security Interest. To secure the prompt and complete
payment, performance and observance of the Secured Obligations (as hereinafter
defined), the Pledgor hereby pledges, assigns and delivers to the Bank and
grants to the Bank a Lien upon and continued security interest under the Uniform
Commercial Code in all of its right, title and interest in and to the Collateral
and agrees that upon filing of all applicable Uniform Commercial Code financing
statements with the appropriate offices (based on the information set forth in
Schedule II and Schedule III to this Agreement), the Lender shall have a Prior
Security Interest in and to such Collateral. The Collateral is intended to be
all personal property of the Borrower, whether or not within the scope of the
Uniform Commercial Code.

2.2 Security for Secured Obligations. This Agreement and the Collateral secure
the full and prompt payment, performance and observance at any time and from
time to time as and when due (whether at the stated maturity, by acceleration or
otherwise), of all liabilities and obligations of the Pledgor, whether now
existing or hereafter incurred, created or arising and whether direct or
indirect, absolute or contingent, due or to become due, under, arising out of or
in connection with the this Agreement, the Credit Agreement, the other Credit
Documents to which it is or hereafter becomes a party, and/or any Rate
Management Agreement to which the Pledgor and the Bank (or any of the Bank’s
affiliates) are parties, including, without limitation: (a) all Obligations,
including, without limitation, all principal of and interest on the Loans, all
fees, expenses, indemnities and other amounts payable by the Pledgor under the
Credit Agreement or any other Credit Document (including interest accruing after
the filing of a petition or commencement of a case by or with respect to the
Pledgor seeking relief under any applicable federal and state laws pertaining to
bankruptcy, reorganization, arrangement, moratorium, readjustment of debts,
dissolution, liquidation or other debtor relief, specifically including, without
limitation, the Bankruptcy Code and any fraudulent transfer and fraudulent
conveyance laws, whether or not the claim for such interest is allowed in such
proceeding), (b) all obligations of the Pledgor to the Bank under any Rate
Management Agreement to which the Pledgor and the Bank (or any of the Bank’s
affiliates) are parties; (c) all obligations under or in connection with any
deposit account, lockbox, overdraft protection, automated clearing house
service, corporate, purchasing and other multi-card services, or other cash
management service provided to the Borrower; (d) all such liabilities and
obligations that, but for the operation of the automatic stay under
Section 362(a) of the Bankruptcy Code, would become due; and (e) all fees, costs
and expenses payable by the Pledgor under Section 6.1 (the liabilities and
obligations of the Pledgor described in this Section 2.2, collectively, the
“Secured Obligations”).

2.3 Security Interests Absolute. All rights of the Bank and security interests
hereunder, and all obligations of the Pledgor hereunder, shall be absolute and
unconditional and, without limiting the generality of the foregoing, shall not
be released, discharged or otherwise affected by:

(i) any extension, renewal, settlement, compromise, waiver or release in respect
of any Secured Obligation or any other document evidencing or securing such
Secured Obligation (including, without limitation the Credit Agreement, the
Notes, any other Credit Documents and/or any Rate Management Agreement to which
the Pledgor and the Bank or any of the Bank’s affiliates are parties) by
operation of law or otherwise;

(ii) any modification or amendment or supplement to any document evidencing or
securing any Secured Obligation (including, without limitation the Credit
Agreement, the Notes, any other Credit Documents and/or any Rate Management
Agreement to which the Pledgor and the Bank or any of the Bank’s affiliates are
parties);

(iii) any release, non-perfection or invalidity of any direct or indirect
security for any Secured Obligation;

(iv) any insolvency, bankruptcy, reorganization or other similar proceeding
affecting the Pledgor or its assets or any resulting disallowance, release or
discharge of all or any portion of the Secured Obligations;

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(v) the existence of any claim, set-off or other right which the Pledgor may
have at any time against the Bank or any other corporation or person, whether in
connection herewith or any unrelated transactions; provided, that nothing herein
shall prevent the assertion of any such claim by separate suit or compulsory
counterclaim;

(vi) any invalidity or unenforceability relating to or against the Pledgor for
any reason of any Secured Obligation, or any provision of applicable law or
regulation purporting to prohibit the payment by the Pledgor of the Secured
Obligations;

(vii) any failure by the Bank (A) to file or enforce a claim against the Pledgor
(in a bankruptcy or other proceeding), (B) to give notice of the existence,
creation or incurrence by the Pledgor of any new or additional indebtedness or
obligation under or with respect to the Secured Obligations, (C) to commence any
action against the Pledgor, or (D) to proceed with due diligence in the
collection, protection or realization upon any collateral securing the Secured
Obligations; or

(viii) any other act or omission to act or delay of any kind by the Pledgor or
the Bank or any other corporation or person or any other circumstance whatsoever
which might, but for the provisions of this clause, constitute a legal or
equitable discharge of the Pledgor’s obligations hereunder.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

The Pledgor hereby represents and warrants as follows:

3.1 Ownership of Collateral. The Pledgor owns, or has valid rights as a lessee
or licensee with respect to, all Collateral purported to be pledged by it
hereunder, free and clear of any Liens except for the Liens granted to the Bank,
and except for other Permitted Liens. No security agreement, financing statement
or other public notice with respect to all or any part of the Collateral is on
file or of record in any government or public office, and the Pledgor has not
filed or consented to the filing of any such statement or notice, except
(i) Uniform Commercial Code financing statements naming the Bank as secured
party, (ii) as may be required by the Securities and Exchange Commission, and
(iii) as may be otherwise permitted by the Credit Agreement.

3.2 Security Interests; Filings. This Agreement, together with the filing, with
respect to the Pledgor, of duly completed and executed Uniform Commercial Code
financing statements naming the Pledgor as debtor, the Bank as secured party,
and describing the Collateral, in the jurisdictions set forth with respect to
the Pledgor on Schedule II hereto (which filing is hereby authorized by the
Pledgor) creates, and at all times shall constitute, a valid and perfected
security interest in and Lien upon the Collateral in favor of the Bank, superior
and prior to the rights of all other Persons therein (except for Permitted
Liens), to the extent a security interest therein can be perfected by such
filings and, with respect to Accounts where the account debtor is the United
States, a State, or any department, agency or instrumentality of the United
States or a State, to the extent of compliance with the Federal Assignment of
Claims Act of 1940, as amended, or with any similar or applicable state or local
law.

3.3 Locations. Schedule III lists, as to the Pledgor, (i) its exact legal name,
(ii) the jurisdiction of its incorporation or organization, its federal tax
identification number, and (if applicable) its organizational identification
number, (iii) the addresses of its chief executive office and each other place
of business, and (iv) the address of each location at which any Inventory (other
than Goods in transit) owned by the Pledgor is kept or maintained, in each
instance except for any new locations established in accordance with the
provisions of Section 4.2. Except as may be otherwise noted therein, all
locations identified on Schedule III are leased by the Pledgor. The Pledgor does
not presently conduct business under any prior or other corporate or company
name or under any trade or fictitious names, except as indicated beneath its
name on Schedule III, and the Pledgor has not entered into any contract or
granted any Lien within the past five (5) years under any name other than its
legal corporate name or a trade or fictitious name indicated on Schedule III.

3.4 Authorization; Consent. The execution, delivery and performance by the
Pledgor of this Agreement require no action by or in respect of, or filing with,
any Governmental Authority and do not contravene, or constitute (with or without
the giving of notice or lapse of time or both) a default under, any provision of
applicable law or of any agreement, judgment, injunction, order, decree or other
instrument binding upon or affecting the Pledgor, except for disclosure filings
with the Securities and Exchange Commission.

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3.5 No Restrictions. There are no statutory or regulatory restrictions,
prohibitions or limitations on the Pledgor’s ability to grant to the Bank a Lien
upon and security interest in the Collateral pursuant to this Agreement or
(except for the provisions of the federal Anti-Assignment Act (41 U.S.C. 15), as
amended and the Anti-Claims Act (31 U.S.C. 3727), as amended) on the exercise by
the Bank of its rights and remedies hereunder (including any foreclosure upon or
collection of the Collateral), and there are no contractual restrictions on the
Pledgor’s ability to grant such Lien and security interest, except with respect
to Collateral secured by Permitted Liens.

3.6 Accounts. Each Account is, or at the time it arises will be, (i) a bona
fide, valid and legally enforceable indebtedness of the account debtor according
to its terms, arising out of or in connection with the sale, lease or
performance of Goods or services by the Pledgor, (ii) subject to no offsets,
discounts, counterclaims, contra accounts or any other defense of any kind and
character, other than warranties and discounts customarily given by the Pledgor
in the ordinary course of business and warranties provided by applicable law,
(iii) to the extent listed on any schedule of Accounts at any time furnished to
the Bank, a true and correct statement of the amount actually and
unconditionally owing thereunder, maturing as stated in such schedule and in the
invoice covering the transaction creating such Account, and (iv) not evidenced
by any other instrument; or if so, such other instrument (other than invoices
and related correspondence and supporting documentation) shall promptly be duly
endorsed to the order of the Bank and delivered to the Bank to be held as
Collateral hereunder. To the knowledge of the Pledgor, there are no facts,
events or occurrences that would in any way impair the validity or enforcement
of any Accounts except as set forth above.

3.7 Documents of Title. No bill of lading, warehouse receipt or other document
or instrument of title is outstanding with respect to any Collateral other than
Inventory in transit in the ordinary course of business to a location set forth
on Schedule III or to a customer of the Pledgor.

3.8 Instruments; Chattel Paper; Letter-of-Credit Rights. Pledgor does not own or
have any rights in any instruments, chattel paper or letter-of-credit rights.

ARTICLE IV

COVENANTS

The Pledgor agrees that so long as any Secured Obligation remains unpaid:

4.1 Use and Disposition of Collateral. So long as no Event of Default shall have
occurred and be continuing, the Pledgor may, in any lawful manner not
inconsistent with the provisions of this Agreement and the other Credit
Documents, use, control and manage the Collateral in the operation of its
businesses, and receive and use the income, revenue and profits arising
therefrom and the proceeds thereof, in the same manner and with the same effect
as if this Agreement had not been made; provided, however, that the Pledgor will
not sell or otherwise dispose of, grant any option with respect to, or mortgage,
pledge, grant any Lien with respect to or otherwise encumber any of the
Collateral or any interest therein, except for any security interest created in
favor of the Bank (including, without limitation, the security interest created
hereunder) and except as may be otherwise expressly permitted in accordance with
the terms of this Agreement, the Credit Agreement or the other Credit Documents
(including any applicable provisions therein regarding delivery of proceeds of
sale or disposition to the Bank).

4.2 Change of Name, Locations, etc. The Pledgor will not (i) change its name,
identity or corporate structure, (ii) change its chief executive office from the
location thereof listed on Schedule III, (iii) change the jurisdiction of its
incorporation or organization from the jurisdiction listed on Schedule III
(whether by merger or otherwise), or (iv) remove any Collateral (other than
Mobile Goods and Goods in transit), or any books, records or other information
relating to Collateral, from the applicable location thereof listed on Schedule
III, or keep or maintain any Collateral at a location not listed on Schedule
III, unless in each case the Pledgor has (A) given twenty (20) days’ prior
written notice to the Bank of its intention to do so, together with information
regarding any such new location and such other information in connection with
such proposed action as the Bank may reasonably

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request, and (B) delivered to the Bank ten (10) days prior to any such change or
removal such documents, instruments and financing statements as may be required
by the Bank, all in form and substance satisfactory to the Bank, paid all
necessary filing and recording fees and taxes, and taken all other actions
reasonably requested by the Bank, in order to perfect and maintain the Lien upon
and security interest in the Collateral.

4.3 Records; Inspection.

 

  (a) The Pledgor will keep and maintain at its own cost and expense
satisfactory and complete records of the Accounts and all other Collateral, and
will furnish to the Bank from time to time such statements, schedules and
reports (including, without limitation, accounts receivable aging schedules)
with regard to the Collateral as the Bank may reasonably request.

 

  (b) The Pledgor shall, from time to time at such times as may be reasonably
requested and upon reasonable notice, permit the Bank to visit its offices or
the premises upon which any Collateral may be located, inspect its books and
records and make copies and memoranda thereof, inspect the Collateral, discuss
its finances and affairs with its executive officers and independent accountants
and take any other actions necessary for the protection of the interests of the
Bank in the Collateral.

4.4 Accounts. Unless notified otherwise by the Bank in accordance with the terms
hereof, the Pledgor shall endeavor to collect its Accounts and all amounts owing
to it thereunder in the ordinary course of its business consistent with past
practices and shall apply forthwith upon receipt thereof all such amounts as are
so collected to the outstanding balances thereof, and in connection therewith
shall, at the request of the Bank, take such action as the Bank may deem
necessary or advisable (within applicable laws) to enforce such collection. The
Pledgor shall not, except to the extent done in the ordinary course of its
business consistent with past practice and in accordance with sound business
judgment and provided that no Event of Default shall have occurred and be
continuing, (i) grant any extension of the time for payment of any Account,
(ii) compromise or settle any Account for less than the full amount thereof,
(iii) release, in whole or in part, any Person or property liable for the
payment of any Account, or (iv) allow any credit or discount on any Account. The
Pledgor shall promptly inform the Bank of any disputes with any account debtor
or obligor and of any claimed offset and counterclaim that may be asserted with
respect thereto involving, in each case, any material amount, where the Pledgor
reasonably believes that the likelihood of payment by such account debtor is
materially impaired, indicating in detail the reason for the dispute, all claims
relating thereto and the amount in controversy.

4.5 Delivery of Certain Collateral. All certificates or Instruments representing
or evidencing any Accounts or other Collateral shall be delivered promptly to
the Bank pursuant hereto to be held as Collateral hereunder, shall be in form
suitable for transfer by delivery and shall be delivered together with undated
stock powers duly executed in blank, appropriate endorsements or other necessary
instruments of registration, transfer or assignment, duly executed and in form
and substance satisfactory to the Bank, and in each case together with such
other instruments or documents as the Bank may reasonably request.

4.6 Inventory. The Pledgor will, in accordance with sound business practices,
maintain all Inventory held by it or on its behalf in good saleable or useable
condition. Unless notified otherwise by the Bank in accordance with the terms
hereof, the Pledgor may, in any lawful manner not inconsistent with the
provisions of this Agreement and the other Credit Documents, process, use and,
in the ordinary course of business but not otherwise, sell its Inventory.

4.7 Collateral in Possession of Third Party. Without limiting the generality of
any other provision of this Agreement, the Pledgor agrees that it shall not
permit any Collateral to be in the possession of any bailee, warehouseman,
agent, processor or other third party at any time unless such bailee or other
Person shall have been notified of the security interest created by this
Agreement (or, if required under applicable law in order to perfect the Bank’s
security interest in such Collateral, such bailee or other Person shall have
acknowledged to the Bank in writing that it is holding such Collateral for the
benefit of the Bank and subject to such security interest and to the
instructions of the Bank) and the Pledgor shall have exercised its reasonable
best efforts to obtain from such bailee or other Person, at the Pledgor’s sole
cost and expense, the written acknowledgement described above (if not already
required by applicable law to perfect the Bank’s security interest) and
agreement to waive and release any Lien (whether arising by operation of law or
otherwise) it may have with respect to such Collateral, such agreement to be in
form and substance reasonably satisfactory to the Bank.

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4.8 Change in Law. The Pledgor will promptly notify the Bank in writing of any
change in law known to it (and will use its best efforts to become aware of any
such change in law) which (i) adversely affects or will adversely affect the
validity, perfection or priority of the security interests or (ii) requires or
will require a change in the procedures to be followed in order to maintain and
protect the validity, perfection and priority of the security interests.

4.9 Covenants Regarding Patent, Trademark and Copyright Collateral.

 

  (a) Pledgor shall notify Bank immediately if it knows or has reason to know
that any application or registration relating to any Patent, trademark or
copyright (now or hereafter existing) may become abandoned or dedicated, or of
any adverse determination or development (including the institution of, or any
such determination or development in, any proceeding in the United States Patent
and Trademark Office, the United States Copyright Office or any court) regarding
Pledgor’s ownership of any Patent, trademark or copyright, its right to register
the same, or to keep and maintain the same.

 

  (b) In no event shall Pledgor, either directly or through any agent, employee,
licensee or designee, file an application for the registration of any Patent,
trademark or copyright with the United States Patent and Trademark Office, the
United States Copyright Office or any similar office or agency without giving
Bank prior written notice thereof, and, upon request of Bank, Pledgor shall
execute and deliver any and all other documents and instruments as the Bank may
request to evidence Bank’s Lien on such Patent, trademark or copyright, and the
General Intangibles of Pledgor relating thereto or represented thereby.

 

  (c) Pledgor shall take all actions necessary or requested by Bank to maintain
and pursue each application, to obtain the relevant registration and to maintain
the registration of each of the Patents, trademarks and copyrights (now or
hereafter existing), including the filing of applications for renewal,
affidavits of use, affidavits of noncontestability and opposition and
interference and cancellation proceedings.

 

  (d) In the event that any of the Patent, trademark or copyright Collateral is
infringed upon, or misappropriated or diluted by a third party, Pledgor shall
notify Bank promptly after Pledgor learns thereof. Pledgor shall, unless it
shall reasonably determine that such Patent, trademark or copyright Collateral
is not material to the conduct of its business or operations, promptly sue for
infringement, misappropriation or dilution and to recover any and all damages
for such infringement, misappropriation or dilution, and shall take such other
actions as Bank shall deem appropriate under the circumstances to protect such
Patent, trademark or copyright Collateral.

 

  (e) So long as no Event of Default shall exist, notwithstanding anything in
this Section 4.9 or Section 4.10 to the contrary, Pledgor shall not be required
to register any Patent, trademark or copyright so long as the Borrower is taking
reasonable steps to ensure that each such Patent, trademark or copyright is
otherwise protected.

4.10 Protection of Security Interest; Further Assurances. The Pledgor will, at
its expense and in such manner and form as the Bank may require, execute,
deliver, file and record any financing statement, specific assignment or other
paper and take any other action that may be necessary or desirable, or that the
Bank may request, in order to create, preserve, perfect or validate the security
interests granted hereby or to enable the Bank to exercise and enforce its
rights hereunder with respect to any of the Collateral. Pledgor hereby
irrevocably authorizes the Bank at any time and from time to time to file in any
filing office in any Uniform Commercial Code jurisdiction any initial financing
statements and amendments thereto that (a) indicate the Collateral (i) as all
assets of Pledgor or words of similar effect, regardless of whether any
particular asset comprised in the Collateral falls within the scope of Article 9
of the Uniform Commercial Code or such jurisdiction, or (ii) as being of an
equal or lesser scope or with greater detail, and (b) contain any other
information required by part 5 of Article 9 of the Uniform Commercial

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Code for the sufficiency or filing office acceptance of any financing statement
or amendment, including (i) whether Pledgor is an organization, the type of
organization and any organization identification number issued to Pledgor, and
(ii) in the case of a financing statement filed as a fixture filing or
indicating Collateral as as-extracted collateral or timber to be cut, a
sufficient description of real property to which the Collateral relates. Pledgor
agrees to furnish any such information to the Bank promptly upon request.
Pledgor also ratifies its authorization for the Bank to have filed in any
Uniform Commercial Code jurisdiction any initial financing statements or
amendments thereto if filed prior to the date hereof.

ARTICLE V

GENERAL AUTHORITY; REMEDIES

5.1 General Authority. The Pledgor hereby irrevocably appoints the Bank and any
officer or agent thereof, with full power of substitution, upon the occurrence
and continuance of an Event of Default (except as otherwise set forth in clause
(v) below), as its true and lawful attorney-in-fact, in the name of the Pledgor
or its own name, for the sole use and benefit of the Bank, but at the Pledgor’s
expense, at any time and from time to time, to take any and all appropriate
action and to execute any and all documents and instruments which may be
necessary or desirable to carry out the terms of this Agreement and, without
limiting the foregoing, the Pledgor hereby gives the Bank the power and right on
its behalf, without notice to or further assent by the Pledgor to do the
following:

(i) to receive, take, endorse, assign and deliver any and all checks, notes,
drafts, acceptances, documents and other negotiable and nonnegotiable
instruments taken or received by the Pledgor as, or in connection with, the
Collateral;

(ii) to demand, sue for, collect, receive and give acquittance for any and all
monies due or to become due upon or in connection with the Collateral;

(iii) to commence, settle, compromise, compound, prosecute, defend or adjust any
claim, suit, action or proceeding with respect to, or in connection with, the
Collateral;

(iv) to sell, transfer, assign or otherwise deal in or with the Collateral or
any part thereof, as fully and effectually as if the Bank were the absolute
owner thereof; and

(v) to do, at its option, but at the expense of the Pledgor, at any time or from
time to time, all acts and things which the Bank deems necessary to protect or
preserve the Collateral and to realize upon the Collateral; provided, however,
the filing of financing statements as the Bank deems appropriate, including
executing such financing statements and amendments thereto and continuation
statements in the name of the Pledgor where required by law may be exercised at
any time.

5.2 Rights and Remedies. If an Event of Default shall have occurred and be
continuing, the Bank shall be entitled to exercise in respect of the Collateral
all of its rights, powers and remedies provided for herein or otherwise
available to it under any other Credit Document, by law, in equity or otherwise,
including all rights and remedies of a secured party under the Uniform
Commercial Code, and shall be entitled in particular, but without limitation of
the foregoing, to exercise the following rights, which the Pledgor agrees to be
commercially reasonable:

 

  (a) To notify any or all account debtors or obligors under any Accounts or
other Collateral of the security interest in favor of the Bank created hereby
and to direct all such Persons to make payments of all amounts due thereon or
thereunder directly to the Bank or to an account designated by the Bank; and in
such instance and from and after such notice, all amounts and proceeds received
by the Pledgor in respect of any Accounts or other Collateral shall be received
in trust for the benefit of the Bank hereunder, shall be segregated from the
other funds of the Pledgor and shall be forthwith deposited into such account or
paid over or delivered to the Bank in the same form as so received (with any
necessary endorsements or assignments), to be held as Collateral and applied to
the Secured Obligations as provided herein;

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  (b) To take possession of, receive, endorse, assign and deliver, in its own
name or in the name of the Pledgor, all checks, notes, drafts and other
instruments relating to any Collateral, including receiving, opening and
properly disposing of all mail addressed to the Pledgor concerning Accounts and
other Collateral; to verify with account debtors or other contract parties the
validity, amount or any other matter relating to any Accounts or other
Collateral, in its own name or in the name of the Pledgor; to accelerate any
indebtedness or other obligation constituting Collateral that may be accelerated
in accordance with its terms; to take or bring all actions and suits deemed
necessary or appropriate to effect collections and to enforce payment of any
Accounts or other Collateral; to settle, compromise or release in whole or in
part any amounts owing on Accounts or other Collateral; and to extend the time
of payment of any and all Accounts or other amounts owing under any Collateral
and to make allowances and adjustments with respect thereto, all in the same
manner and to the same extent as the Pledgor might have done;

 

  (c) To transfer to or register in its name or the name of any of its agents or
nominees all or any part of the Collateral, without notice to the Pledgor and
with or without disclosing that such Collateral is subject to the security
interest created hereunder;

 

  (d) To notify any or all depository institutions with which any Deposit
Accounts are maintained and which Deposit Accounts are subject to control in
favor of the Bank to remit and transfer all monies, securities and other
property on deposit in such Deposit Accounts or deposited or received for
deposit thereafter to the Bank, for deposit in a Collateral Account or such
other accounts as may be designated by the Bank, for application to the Secured
Obligations as provided herein;

 

  (e) To require the Pledgor to, and the Pledgor hereby agrees that it will at
its expense and upon request of the Bank forthwith, assemble all or any part of
the Collateral as directed by the Bank and make it available to the Bank at a
place designated by the Bank;

 

  (f) To enter and remain upon the premises of the Pledgor and take possession
of all or any part of the Collateral, with or without judicial process; to use
the materials, services, books and records of the Pledgor for the purpose of
liquidating or collecting the Collateral, whether by foreclosure, auction or
otherwise; and to remove the same to the premises of the Bank or any designated
agent for such time as the Bank may desire, in order to effectively collect or
liquidate the Collateral; and

 

  (g) To sell, resell, assign and deliver, in its sole discretion, all or any of
the Collateral, in one or more parcels, on any securities exchange on which any
Capital Stock may be listed, at public or private sale, at any of the Bank’s
offices or elsewhere, for cash, upon credit or for future delivery, at such time
or times and at such price or prices and upon such other terms as the Bank may
deem satisfactory. If any of the Collateral is sold by the Bank upon credit or
for future delivery, the Bank shall not be liable for the failure of the
purchaser to purchase or pay for the same and, in the event of any such failure,
the Bank may resell such Collateral. In no event shall the Pledgor be credited
with any part of the proceeds of sale of any Collateral until and to the extent
cash payment in respect thereof has actually been received by the Bank. Each
purchaser at any such sale shall hold the property sold absolutely, free from
any claim or right of whatsoever kind, including any equity or right of
redemption of the Pledgor, and the Pledgor hereby expressly waives all rights of
redemption, stay or appraisal, and all rights to require the Bank to marshal any
assets in favor of the Pledgor or any other party or against or in payment of
any or all of the Secured Obligations, that it has or may have under any rule of
law or statute now existing or hereafter adopted. No demand, presentment,
protest, advertisement or notice of any kind (except any notice required by law,
as referred to below), all of which are hereby expressly waived by the Pledgor,
shall be required in connection with any sale or other disposition of any part
of the Collateral. If any notice of a proposed sale or other disposition of any
part of the Collateral shall be required under applicable law, the Bank shall
give the Pledgor at least ten (10) days’ prior notice of the time and place of
any public sale and of the time after which any private sale or other
disposition is to be made, which notice the Pledgor agrees is commercially
reasonable. The Bank shall not be obligated to make any sale of Collateral if it
shall determine not to do so, regardless of the fact that notice of sale may
have been given. The Bank may, without notice or publication,

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  adjourn any public or private sale or cause the same to be adjourned from time
to time by announcement at the time and place fixed for sale, and such sale may,
without further notice, be made at the time and place to which the same was so
adjourned. Upon each public sale and, to the extent permitted by applicable law,
upon each private sale, the Bank may purchase all or any of the Collateral being
sold, free from any equity, right of redemption or other claim or demand, and
may make payment therefor by endorsement and application (without recourse) of
the Secured Obligations in lieu of cash as a credit on account of the purchase
price for such Collateral.

5.3 Application of Proceeds.

 

  (a) All proceeds collected by the Bank upon any sale, other disposition of or
realization upon any of the Collateral, together with all other moneys received
by the Bank hereunder, shall be applied as follows:

(i) first, to payment of the expenses of such sale or other realization,
including reasonable compensation to the Bank and its agents and counsel, and
all expenses, liabilities and advances incurred or made by the Bank, its agents
and counsel in connection therewith or in connection with the care, safekeeping
or otherwise of any or all of the Collateral, and any other unreimbursed
expenses for which the Bank is to be reimbursed pursuant to Section 6.1;

(ii) second, after payment in full of the amounts specified in clause (i) above,
to payment of the Secured Obligations; and

(iii) finally, after payment in full of the amounts specified in clauses (i) and
(ii) above, any surplus then remaining shall be paid to the Pledgor, or its
successors or assigns, or to whomever may be lawfully entitled to receive the
same or as a court of competent jurisdiction may direct.

 

  (b) The Pledgor shall remain liable to the extent of any deficiency between
the amount of all proceeds realized upon sale or other disposition of the
Collateral pursuant to this Agreement. Upon any sale of any Collateral hereunder
by the Bank (whether by virtue of the power of sale herein granted, pursuant to
judicial proceeding, or otherwise), the receipt of the Bank or the officer
making the sale shall be a sufficient discharge to the purchaser or purchasers
of the Collateral so sold, and such purchaser or purchasers shall not be
obligated to see to the application of any part of the purchase money paid over
to the Bank or such officer or be answerable in any way for the misapplication
thereof.

5.4 Collateral Accounts. Upon the occurrence and during the continuance of an
Event of Default, the Bank shall have the right to cause to be established and
maintained, at its principal office or such other location or locations as it
may establish from time to time in its discretion, one or more accounts
(collectively, “Collateral Accounts”) for the collection of cash proceeds of the
Collateral. Such proceeds, when deposited, shall continue to constitute
Collateral for the Secured Obligations and shall not constitute payment thereof
until applied as herein provided. The Bank shall have sole dominion and control
over all funds deposited in any Collateral Account, and such funds may be
withdrawn therefrom only by the Bank. Upon the occurrence and during the
continuance of an Event of Default, the Bank shall have the right to apply
amounts held in the Collateral Accounts in payment of the Secured Obligations in
the manner provided for in Section 5.3.

5.5 Grant of License. The Pledgor hereby grants to the Bank an irrevocable,
non-exclusive license (exercisable without payment of royalty or other
compensation to the Pledgor) to use, license or sublicense any Intellectual
Property now owned or licensed or hereafter acquired or licensed by the Pledgor,
wherever the same may be located throughout the world, for such term or terms,
on such conditions and in such manner as the Bank shall determine, whether
general, special or otherwise, and whether on an exclusive or nonexclusive
basis, and including in such license reasonable access to all media in which any
of the licensed items may be recorded or stored and to all computer software and
programs used for the compilation or printout thereof. The use of such license
or sublicense by the Bank shall be exercised, at the option of the Bank, only
upon the occurrence and during the continuation of an Event of Default; provided
that any license, sublicense or other transaction entered into by the Bank in
accordance herewith shall be binding upon the Pledgor notwithstanding any
subsequent cure of an Event of Default.

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5.6 Waivers. The Pledgor, to the greatest extent not prohibited by applicable
law, hereby (i) agrees that it will not invoke, claim or assert the benefit of
any rule of law or statute now or hereafter in effect (including, without
limitation, any right to prior notice or judicial hearing in connection with the
Bank’s possession, custody or disposition of any Collateral or any appraisal,
valuation, stay, extension, moratorium or redemption law), or take or omit to
take any other action, that would or could reasonably be expected to have the
effect of delaying, impeding or preventing the exercise of any rights and
remedies in respect of the Collateral, the absolute sale of any of the
Collateral or the possession thereof by any purchaser at any sale thereof, and
waives the benefit of all such laws and further agrees that it will not hinder,
delay or impede the execution of any power granted hereunder to the Bank, but
that it will permit the execution of every such power as though no such laws
were in effect, (ii) waives all rights that it has or may have under any rule of
law or statute now existing or hereafter adopted to require the Bank to marshal
any Collateral or other assets in favor of the Pledgor or any other party or
against or in payment of any or all of the Secured Obligations, and (iii) waives
all rights that it has or may have under any rule of law or statute now existing
or hereafter adopted to demand, presentment, protest, advertisement or notice of
any kind (except notices expressly provided for herein).

ARTICLE VI

MISCELLANEOUS

6.1 Indemnity and Expenses. The Pledgor agrees:

 

  (a) To indemnify and hold harmless the Bank and each of its respective
directors, officers, employees, agents and affiliates from and against any and
all claims, damages, demands, losses, obligations, judgments and liabilities
(including, without limitation, reasonable attorneys’ fees and expenses) in any
way arising out of or in connection with this Agreement and the transactions
contemplated hereby, except to the extent the same shall arise as a result of
the gross negligence or willful misconduct of the party seeking to be
indemnified; and

 

  (b) To pay and reimburse the Bank upon demand for all reasonable costs and
expenses (including, without limitation, reasonable attorneys’ fees and
expenses) that the Bank may incur in connection with (i) the custody, use or
preservation of, or the sale of, collection from or other realization upon, any
of the Collateral, including the reasonable expenses of re-taking, holding,
preparing for sale or lease, selling or otherwise disposing of or realizing on
the Collateral, (ii) the exercise or enforcement of any rights or remedies
granted hereunder (including, without limitation, under Article V), under any of
the other Credit Documents or otherwise available to it (whether at law, in
equity or otherwise), or (iii) the failure by the Pledgor to perform or observe
any of the provisions hereof. The provisions of this Section 6.1 shall survive
the execution and delivery of this Agreement, the repayment of any of the
Secured Obligations, the termination of the commitments under the Credit
Agreement and the termination of this Agreement or any other Credit Document.

6.2 No Waiver. The Bank’s failure at any time or times hereafter to require
strict performance by the Pledgor of any of the provisions of this Agreement
shall not waive, affect or diminish any right of the Bank at any time or times
hereafter to demand strict performance therewith and with respect to any other
provision of this Agreement, and any waiver of any Event of Default shall not
waive or affect any other Event of Default, whether prior or subsequent thereto,
and whether of the same or a different type. None of the provisions of this
Agreement shall be deemed to have been waived by any act or knowledge of the
Bank, its agents, officers or employees except by an instrument in writing
signed by an officer of the Bank and directed to the Pledgor specifying such
waiver.

6.3 Binding Effect. This Agreement and all other instruments and documents
executed and delivered pursuant hereto or in connection herewith shall be
binding upon and inure to the benefit of the successors and assigns of the
parties hereto.

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6.4 Governing Law. This Agreement shall be construed and interpreted in
accordance with the internal laws and judicial decisions of the State of South
Carolina without giving effect to the conflict of laws principles thereof,
except to the extent that matters of perfection and validity of the security
interests hereunder, or remedies hereunder, are governed by the laws of a
jurisdiction other than the State of South Carolina.

6.5 Survival of Agreement. All representations and warranties of the Pledgor and
all obligations of the Pledgor contained herein shall survive the execution and
delivery of this Agreement.

6.6 Pre-Filing and Filing of Financing Statements. By execution of this
Agreement, the Pledgor (a) expressly authorizes the Bank to prepare and file or
cause to be filed such Uniform Commercial Code financing statements (including
attached schedules, exhibits, and addenda) as the Bank may deem reasonably
necessary to perfect the security interests and liens granted herein and
(b) hereby ratifies and confirms that the Bank was and is authorized to file all
such Uniform Commercial Code financing statements (including attached schedules,
exhibits, and addenda) prior to the execution and delivery of this Agreement,
and hereby ratifies any such filings.

6.7 Continuing Security Interest; Term; Successors and Assigns; Assignment;
Termination and Release; Survival. This Agreement shall create a continuing
security interest in the Collateral and shall secure the payment and performance
of all of the Secured Obligations as the same may arise and be outstanding at
any time and from time to time from and after the date hereof, and shall
(i) remain in full force and effect until all of the Secured Obligations have
been paid and finally discharged in full (the “Termination Requirements”),
(ii) be binding upon and enforceable against the Pledgor and its successors and
assigns; provided, however, that the Pledgor may not sell, assign or transfer
any of its rights, interests, duties or obligations hereunder without the prior
written consent of the Bank, and (iii) inure to the benefit of and be
enforceable by the Bank and its successors and assigns. Upon any sale or other
disposition by the Pledgor of any Collateral in a transaction expressly
permitted hereunder or under or pursuant to the Credit Agreement or any other
applicable Credit Document, the Lien and security interest created by this
Agreement in and upon such Collateral shall be automatically released, and upon
the satisfaction of all of the Termination Requirements, this Agreement and the
Lien and security interest created hereby shall terminate; and in connection
with any such release or termination, the Bank, at the request and expense of
the Pledgor, will execute and deliver to the Pledgor such documents and
instruments evidencing such release or termination as the Pledgor may reasonably
request and will assign, transfer and deliver to the Pledgor, without recourse
and without representation or warranty, such of the Collateral as may then be in
the possession of the Bank (or, in the case of any partial release of
Collateral, such of the Collateral so being released as may be in its
possession).

6.8 Notice. Except as otherwise provided herein, notice to the Pledgor or to the
Bank shall be given or delivered in the manner set forth in Section 8.4 of the
Credit Agreement.

6.9 Severability. To the extent any provision of this Agreement is prohibited by
or invalid under applicable law, such provision shall be ineffective to the
extent of such prohibition or invalidity, without invalidating the remainder of
such provision or the remaining provisions of this Agreement.

6.10 Captions. The captions to the sections of this Agreement have been inserted
for convenience only and shall not limit or modify any of the terms hereof.

6.11 Counterparts. This Agreement may be executed in two or more counterparts,
which when assembled shall constitute one and the same agreement.

6.12 Amendments and Waivers. Any provision of this Agreement may be amended or
waived, if, but only if, such amendment or waiver is in writing and is signed by
the Pledgor and the Bank.

6.13 Conflict of Terms. The terms of this Agreement and the terms of the Credit
Agreement shall be construed and interpreted to the full extent possible to give
effect to all such terms. In the event of any conflict between the terms of this
Agreement and the Credit Agreement, the terms of the Credit Agreement shall
control.

[The remainder of this page is left blank intentionally]

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IN WITNESS WHEREOF, this Security Agreement has been executed as of the day and
year first above written by the duly authorized officers of the parties hereto.

 

COMPUTER SOFTWARE INNOVATIONS, INC. By:   /s/ Nancy K. Hedrick Name: Nancy K.
Hedrick

Title: Chief Financial Officer

ACCEPTED AND AGREED TO AS OF

THE DATE FIRST ABOVE WRITTEN:

FIFTH THIRD BANK

 

By:     Name: Charles H. Arndt Title: Market Executive

Signature Page to Security Agreement

Computer Software Innovations, Inc.

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IN WITNESS WHEREOF, this Security Agreement has been executed as of the day and
year first above written by the duly authorized officers of the parties hereto.

 

COMPUTER SOFTWARE INNOVATIONS, INC. By:     Name: Nancy K. Hedrick Title: Chief
Executive Officer

ACCEPTED AND AGREED TO AS OF

THE DATE FIRST ABOVE WRITTEN:

FIFTH THIRD BANK

 

By:   /s/ Charles H. Arndt Name: Charles H. Arndt Title: Market Executive

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SCHEDULE I

COLLATERAL DESCRIPTION

 

PLEDGOR:    COMPUTER SOFTWARE INNOVATIONS, INC.

SECURED PARTY:

   FIFTH THIRD BANK

All personal property owned by Pledgor and all personal property in which
Pledgor has a property interest, both presently existing and hereafter created,
written, produced, developed, acquired and arising, of every nature, kind and
description, wherever located and notwithstanding in whose custody and
possession any of the foregoing may be at any time or times, including, but not
limited to:

(i) all accounts, as-extracted collateral, cash proceeds, chattel paper,
commercial tort claims, deposit accounts, documents, equipment, farm products,
fixtures, financial assets, general intangibles, goods, instruments, inventory,
investment property, letter of credit rights, letters of credit, money, non-cash
proceeds, proceeds, intellectual property, software, supporting obligations and
other personal property, both now existing and hereafter existing, acquired and
arising, owned by Pledgor and in which Pledgor has any property rights and
benefits, of whatsoever kind and description, wheresoever located and inclusive
of property in Pledgor’s constructive possession and control, property in
Pledgor’s actual possession and control and property in the possession and
control of a third person for and on behalf of Pledgor; and, without limiting
the foregoing but in furtherance thereof, the following now existing and
hereafter acquired and arising property and property rights and benefits,
together with all replacements, substitutions, additions, accessions, products
and proceeds thereof and of anything described herein;

(ii) all accounts (as such term is defined in Article 9 of the Uniform
Commercial Code in effect from time to time in the State of South Carolina and
the Uniform Commercial Code of any other jurisdiction applicable to the
Collateral) owned by Pledgor and all accounts in which Pledgor has any rights
(including, without limitation, rights to grant a security interest in accounts
owned by other persons), both now existing and hereafter owned, acquired and
arising and, to the extent not included in the term accounts as so defined after
ascribing a broad meaning thereto, all accounts receivable,
health-care-insurance receivables, credit and charge card receivables, bills,
acceptances, documents, choses in action, chattel paper (both tangible and
electronic), promissory notes and other instruments, deposit accounts, license
fees payable for use of software, commercial tort claims, letter of credit
rights and letters of credit, rights to payment for money or funds advanced or
sold other than through use of a credit card, lottery winnings, investment
property, rights to payment with respect to investment property, general
intangibles and other forms of obligations and rights to payment of any nature,
now owing to Pledgor and hereafter arising and owing to the Pledgor, together
with (1) the proceeds of all of the accounts and other property and property
rights described hereinabove, including all of the proceeds of Pledgor’s rights
with respect to any of its goods and services represented thereby, whether
delivered or returned by customers, and all rights as an unpaid vendor and
lienor, including rights of stoppage in transit and of recovering possession by
any proceedings, including replevin and reclamation, and (2) all customer lists,
books and records, ledgers, account cards, and other records including those
stored on computer or electronic media, whether now in existence or hereafter
created, relating to any of the foregoing;

(iii) all now existing and hereafter acquired software, computer source codes,
computer programs embedded in goods that consist solely of the medium in which
the program is embedded and other computer programs and supporting information
(collectively, the “Software Products”), and all common law and statutory
copyrights and copyright registrations, applications for registration, now
existing and hereafter arising, United States and foreign, obtained and to be
obtained on or in connection with the Software Products, and any parts thereof
and any underlying and component elements of the Software Products, together
with the right to copyright and all rights to renew and extend such copyrights
and the right (but not the obligation) of Bank to sue in its own name and in the
name of Pledgor for past, present and future infringements of copyright;

(iv) all now existing and hereafter acquired goods, including, without
limitation, fixtures, equipment and inventory;

(v) all now existing and hereafter arising rights in oil, gas or other minerals
before extraction;

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(vi) all now existing and hereafter arising guarantees and other supporting
obligations, together with the security therefor;

(vii) all now existing and hereafter arising copyrights, trademarks, service
marks, trade names and service names and the goodwill associated therewith;

(viii) all now existing and hereafter arising (a) patents and patent
applications filed in the United States Patent and Trademark Office or any
similar office of any foreign jurisdiction, and interests under patent license
agreements, including, without limitation, the inventions and improvements
described and claimed therein; (b) licenses pertaining to any patent whether
Pledgor is licensor or licensee; (c) income, royalties, damages, payments,
accounts and accounts receivable now due and those hereafter arising and due
under and with respect thereto, including, without limitation, damages and
payments for past, present and future infringements thereof; (d) the right (but
not the obligation) to sue for past, present and future infringements thereof;
(e) rights corresponding thereto throughout the world in all jurisdictions in
which such patents have been issued or applied for; and (f) the reissues,
divisions, continuations, renewals, extensions and continuations-in-part with
any of the foregoing (all of the foregoing patents and applications and
interests under patent license agreements, together with the items described in
clauses (a) through (f) in this paragraph are sometimes herein individually and
collectively referred to as the “Patents”);

(ix) all now existing and hereafter arising accessions, products and proceeds,
including, without limitation, insurance proceeds and condemnation proceeds, of
any and all of the foregoing property and property rights;

(x) All general intangibles (as such term is defined in Article 9 of the Uniform
Commercial Code in effect from time to time in the State of South Carolina and
the Uniform Commercial Code of any other jurisdiction applicable to the
Collateral) of Pledgor, whether now existing or hereafter owned, acquired or
arising, or in which Pledgor now has or hereafter acquires any rights, and, to
the extent not included in the term general intangibles as so defined after
ascribing a broad meaning thereto, all now existing and hereafter acquired
things in action, payment intangibles, rights to payment of loan funds not
evidenced by chattel paper or an instrument, contract rights, causes of action,
business records, inventions, designs, patents, patent applications, software,
trademarks, trademark registrations and applications therefor, goodwill, trade
names, trade secrets, trade processes, copyrights, copyright registrations and
applications therefor, licenses, permits, franchises, customer lists, computer
programs, all claims under guaranties and other supporting obligations, tax
refund claims, claims under letters-of-credit and all letter-of-credit rights,
rights and claims against carriers and shippers, leases, claims under insurance
policies, condemnation proceeds, all rights to indemnification and all other
intangible personal property of every kind and nature, together with the
proceeds of all of the general intangibles and other property and property
rights described hereinabove; and all customer lists, books and records,
ledgers, account cards, and other records including those stored on computer or
electronic media, whether now in existence or hereafter created, relating to any
of the foregoing;

(xi) All equipment (as such term is defined in Article 9 of the Uniform
Commercial Code in effect from time to time in the State of South Carolina, and
the Uniform Commercial Code of any other jurisdiction applicable to the
Collateral) of Pledgor, whether now existing or hereafter owned, acquired or
arising, or in which Pledgor now has or hereafter acquires any rights,
including, without limitation, equipment now in Pledgor’s possession and
control, equipment in transit, equipment in storage and equipment hereafter
acquired by way of replacement, substitution, addition or otherwise, and, to the
extent not included in the term equipment as so defined after ascribing a broad
meaning thereto, all now existing and hereafter acquired furniture, furnishings,
fixtures (including, without limitation, those located at, upon or about, or
attached to, the real estate described herein), machinery, parts, supplies,
apparatus, appliances, patterns, molds, dies, blueprints, fittings and computer
systems and related hardware and software of every description, together with
(i) the proceeds and products of all of the equipment and other property and
property rights described hereinabove, including, without limitation, insurance
proceeds and condemnation proceeds, (ii) all books and records, abstracts of
title, leases and all other contracts and agreements relating thereto or used in
connection therewith and (iii) all customer lists, books and records, ledgers,
account cards, and other records including those stored on computer or
electronic media, whether now in existence or hereafter created, relating to any
of the foregoing; and

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(xii) All inventory (as such term is defined in Article 9 of the Uniform
Commercial Code in effect from time to time in the State of South Carolina and
the Uniform Commercial Code of any other jurisdiction applicable to the
Collateral) owned by Pledgor and all inventory in which Pledgor has any rights
(including, without limitation, rights to grant a security interest in inventory
owned by other persons), both now existing and hereafter owned, acquired and
arising, including, without limitation, inventory in transit, inventory in the
constructive possession and control of Pledgor, inventory in the actual
possession and control of Pledgor and inventory held by others for Pledgor’s
account; and, to the extent not included in the term inventory as so defined
after ascribing a broad meaning thereto, all now existing and hereafter acquired
goods manufactured or acquired for sale or lease, and any piece goods, raw
materials, as extracted collateral, work in process and finished merchandise,
component materials, and all supplies, goods, incidentals, office supplies,
packaging materials and any and all items used or consumed in the operation of
the business of Pledgor or which may contribute to the finished product or to
the sale, promotion and shipment thereof by Pledgor and by others on the account
of Pledgor, together with (i) the proceeds and products of all of the inventory
and other property and property rights described hereinabove, (ii) all additions
and accessions thereto and replacements and substitutions therefore, (iii) all
documents related thereto and (iv) all customer lists, books and records,
ledgers, account cards, and other records including those stored on computer or
electronic media, whether now in existence or hereafter created, relating to any
of the foregoing.

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SCHEDULE II

JURISDICTIONS FOR

UNIFORM COMMERICAL CODE FILINGS

 

Legal Name

  

Filing Location

Computer Software Innovations, Inc.

   Secretary of State – Delaware

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SCHEDULE III

PRINCIPAL PLACE OF BUSINESS;

LOCATIONS OF COLLATERAL; FICTITIOUS NAMES

 

Computer Software Innovations, Inc.

  

Jurisdiction of Incorporation/Organization:

   Delaware

Federal Tax ID no.:

   98-0216911

Organizational ID no.:

   N/A

Chief Executive Office Address:

   900 East Main Street, Suite T

Easley, South Carolina 29640

Records Related to Collateral:

   South Carolina

Locations of Inventory:

   900 East Main Street, Suite T

Easley, South Carolina 29640

   903A East Main Street

Easley, South Carolina 29640

   5509-B West Friendly Avenue

Greensboro, North Carolina 27410

   650 Clinic Drive, Suite 1150

Mobile, Alabama 36608

   440 Knox Abbott Dr., Suite 425

Cayce, SC 29033

Other places of business:

   900 East Main Street, Suite T

Easley, South Carolina 29640

   903A East Main Street

Easley, South Carolina 29640

   5509-B West Friendly Avenue

Greensboro, North Carolina 27410

   650 Clinic Drive, Suite 1150

Mobile, Alabama 36608

   440 Knox Abbott Dr.

Suite 425

Cayce, SC 29033

Trade/fictitious or prior corporate names (last five years):

   CSI Technology Outfitters Names used in tax filings (last five years):