Exhibit 10.7


  


AMENDMENT
NUMBER TEN TO BUSINESS LOAN AGREEMENT


 


THIS
AMENDMENT NUMBER TEN TO BUSINESS LOAN AGREEMENT (this “Amendment”), dated as of April 13, 2015, is entered into
between PCS Link, Inc, a California corporation, dba Greenwood & Hall (“Borrower”), and California United
Bank, a California banking corporation, (“Lender”), with regard to the following facts:


 


RECITALS


 


		A.	Borrower and Lender have previously
entered into that certain Business Loan Agreement, dated as of October 21, 2010, as amended by those certain Amendment Number
One to Business Loan Agreement, dated as of September 16, 2011, Amendment Number Two to Business Loan Agreement, dated as of November
7, 2011, Amendment Number Three to Business Loan Agreement, dated as of February 13, 2012, Amendment Number Four to Business Loan
Agreement, dated as of April 30, 2012, Amendment Number Five to Business Loan Agreement, dated as of September 25, 2012, Amendment
Number Six to Business Loan Agreement, dated as of December 19, 2012, Amendment Number Seven to Business Loan Agreement, dated
as of May 28, 2013, and Amendment Number Eight to Business Loan Agreement dated as of May 22, 2014, Amendment Number Nine to Business
Loan Agreement dated as of July 1, 2014 (collectively, the “Agreement"). The September 25, 2012 amendment erroneously
titled “Amendment Number Four to Business Loan Agreement” should have been titled “Amendment Number Five to
Business Loan Agreement” and is hereby referred to herein as such.



 


		B.	Borrower and Lender have agreed
to amend certain terms and conditions of the Agreement as described herein, and therefore enter into this Amendment.



 


NOW,
THEREFORE, the parties agree as follows:


 


1.RECITALS.
Each of the Recitals set forth above are true and correct and are incorporated by reference and made a part hereof.


 


2.DEFINITIONS.
All terms which are defined in the Agreement shall have the same definition when used herein unless a different definition
is ascribed to such term under this Amendment, in which case, the definition contained herein shall govern.


 


3.AMENDMENT.
The Agreement is amended as follows:


 


		a.	The Maturity Date of the CUB
RLOC shall be extended to January 1, 2016.



 


		b.	Borrower shall pay to Lender
all remaining principal, interest fees and costs owed on the CUB RLOC, no later than the Maturity Date, on the following terms
and conditions:



 


		 i.	Through August 1, 2015, provided
that the Second Amendment, Waiver and Ratification agreement between Borrower and Opus Bank remains in effect, Borrower shall
not be obligated to make any payment of principal, interest, costs or fees to Lender. Interest during such period shall accrue
as provided in the CUB RLOC, as previously amended; and



 


		ii.	Commencing August 5, 2015 and
continuing on the 5th day of each successive month until the Maturity Date, Borrower shall pay the then accrued and
outstanding interest on the CUB RLOC.



 


		c.	Lender consents to Borrower
entering into the Second Amendment, Waiver and Ratification agreement with Opus, which provides for certain further funding on
the Opus RLOC, not to exceed One Million Dollars ($1,000,000.00), without first paying off the remaining balance of the CUB RLOC.



 


		d.	Lender waives prior events of
default by Borrower



 




    	 



    	 



    

  


		e.	Commencing
upon execution of this Change in Terms Agreement, Borrower shall provide to Lender all weekly or other periodic reports that are
provided to Opus.



 


		f.	This
Agreement shall become effective upon completion of all of the following:



 


		 i.	Mutual
concurrent execution of this Amendment and the Change in Terms Agreement by the undersigned; and



 


		ii.	Receipt
by Lender of the executed Second Amendment, Waiver and Ratification between Borrower and Opus Bank, in form acceptable to Lender.



 


4.LIMITED
EFFECT. Except for the specific modifications contained in this Amendment, the Agreement shall remain unchanged and in full
force and effect.


 


5.REPRESENTATIONS
AND WARRANTIES. Borrower hereby affirms to Lender that all of Borrower's representations and warranties set forth in the Agreement
are true, complete and accurate in all respects as of the date hereof.


 


6.COUNTERPARTS;
EFFECTIVENESS. This Amendment may be executed in any number of counterparts and by different parties on separate counterparts,
each of which when so executed and delivered shall be deemed to be an original. All such counterparts, taken together, shall constitute
but one and the same Amendment. This Amendment shall become effective upon the execution of this Amendment by each of the parties
hereto.


 


IN
WITNESS WHEREOF, Lender and Borrower have executed this Amendment.


 


	BORROWER: PCS Link, Inc., dba Greenwood & Hall
	 	 	 
	By:	/s/ John
    R. Hall	 
	 	John
    R. Hall, III, Chief Executive Officer	 


 


	LENDER: California United Bank
	 	 
	By:	/s/
    Kimberlee
    von Disterlo 	 
	 	Kimberlee
    von Disterlo, First Vice President