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(CHASE LOGO)
    
    
    
    Amendment to Credit Agreement
  WHEREAS,
 WHEREAS,
 NOW, THEREFORE,
 1.
    
    DEFINED TERMS.Capitalized terms not defined herein shall have the meaning ascribed in the
Credit Agreement.2.
    
    MODIFICATION OF CREDIT AGREEMENT.The Credit Agreement is hereby amended as follows;
 2.1
    
    From and after the Effective Date, Section 5.2 J of the Credit Agreement captioned Net
Worth and Section 5.2 K
of the Credit Agreement captioned Debt Service Coverage Ratio are hereby deleted.
 3.
    
    RATIFICATION.The Borrower ratifies and reaffirms the Credit Agreement and the Credit
Agreement shall remain in full force and effect as modified herein.4.
    
    BORROWER REPRESENTATIONS AND WARRANTIES.The Borrower represents and warrants that (a) the
representations and warranties contained in the Credit Agreement are true and correct in all
material respects as of the date of this agreement, (b) no condition, act or event which could
constitute an event of default under the Credit Agreement or any promissory note or credit
facility executed in reference to the Credit Agreement exists, and (c) no condition, event,
act or omission has occurred, which, with the giving of notice or passage of time, would
constitute an event of default under the Credit Agreement or any promissory note or credit
facility executed in reference to the Credit Agreement.5.
    
    FEES AND EXPENSES.The Borrower agrees to pay all fees and out-of-pocket disbursements
incurred by the Bank in connection with this agreement, both before and after judgment,
including legal fees incurred by the Bank in the preparation, consummation, administration
and enforcement of this agreement.6.
    
    EXECUTION AND DELIVERY.This agreement shall become effective only after it is fully
executed by the Borrower and the Bank.7.
    
    ACKNOWLEDGEMENTS OF BORROWER.The Borrower acknowledges that as of the date of this
agreement it has no offsets with respect to all amounts owed by the Borrower to the Bank
arising under or related to the Credit Agreement on or prior to the date of this agreement.
The Borrower fully, finally and forever releases and discharges the Bank and its successors,
assigns, directors, officers, employees, agents and representatives from any and all claims,
causes of action, debts and liabilities, of whatever kind or nature, in law or in equity, of
the Borrower, whether now known or unknown to the Borrower, which may have arisen in
connection with the Credit Agreement or the actions or omissions of the Bank related to the
Credit Agreement on or prior to the date hereof. The Borrower acknowledges and agrees that
this agreement is limited to the terms outlined above, and shall not be construed as an
agreement to change any other terms or provisions of the Credit Agreement. This agreement
shall not establish a course of dealing or be construed as evidence of any willingness on the
Banks part to grant other or future agreements, should any be requested.8.
    
    NOT A NOVATION.This agreement is a modification only and not a novation. Except for the
above-quoted modification(s), the Credit Agreement, any loan agreements, credit agreements,
reimbursement agreements, security agreements, mortgages, deeds of trust, pledge agreements,
assignments, guaranties, instruments or documents executed in




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Borrower:ARI Network Services, Inc.By:
    
    /s/ Timothy SherlockTimothy Sherlock     
               
               
                CFOPrinted Name      
                
                
                
     TitleDate Signed:
    
    5/11/07Bank:JPMorgan Chase Bank, N.A.By:
    
    /s/ Anthony W. BartellAnthony W. BartellPrinted Name      
                
                
                
     TitleDate Signed:
    
    5/18/07
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