v0901ex10-74.htm


    Exhibit
10.74

     

    SECOND
AMENDMENT TO

    LIMITED
LIABILITY COMPANY INTEREST PURCHASE AGREEMENT

    


    THIS SECOND AMENDMENT TO LIMITED
LIABILITY COMPANY INTEREST PURCHASE AGREEMENT ("Amendment") is made and
entered into as of the 12th day of December, 2008 between En Pointe Technologies
Sales, Inc., a Delaware corporation ("Seller"), and Allied Digital
Services Limited, an Indian limited company ("Buyer").

     

    RECITALS

     

    A.           Seller
and Buyer, have entered into that certain LIMITED LIABILITY COMPANY INTEREST
PURCHASE AGREEMENT dated as of July 9, 2008 ("Agreement"), pursuant to which
Seller has agreed to sell to Buyer and Buyer has agreed to buy from Seller on
the terms and conditions set forth therein, certain interests in En Pointe
Global Services, LLC, a Delaware limited liability company (the
"Company"),  as more particularly described therein, and have
previously entered into a First Amendment to Limited Liability Company Interest
Purchase Agreement (the "First Amendment").

     

    B.           Seller
and Buyer now desire to modify and amend the Agreement and supersede the First
Amendment in the manner set forth herein.

     

    Now,
therefore, in consideration of the mutual covenants and agreements herein
contained and for other good and valuable consideration, including but not
limited to the payment to Seller to be made pursuant hereto, the receipt and
sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree as
follows:

     

    AMENDMENT

     

    1. The
definition of the term "Cash Earnout Amount" set forth in Paragraph 1.9 of the
Agreement is hereby deleted in its entirety and the following inserted in place
thereof:

    


    
      	
               
      

            	
              "1.9

            	
              Installment
      Amount. Two Million Dollars ($2,000,000) due on or before February
      13, 2009, with interest accruing thereon at the rate of 8%
      per  annum, or the highest rate permitted by
      law,  whichever rate is less, from September 23, 2008 forward
      until paid."

            


    

    


    2.           Paragraph
2.2 of the Agreement, "Purchase Price and Payment" is hereby deleted in its
entirety and the following inserted in place thereof:

    


    "Purchase Price and
Payment. Subject to the adjustment provisions set forth below in this
Section 2, elsewhere in the Agreement and in the Escrow Agreement, the
consideration for the transactions contemplated by this Agreement (the "Purchase
Price") shall be (i) the Cash Consideration, (ii) the Installment Amount and
(iii) either the Seller Earnout Shares or the Alternative Cash Earnout Amount.
The payment of the Cash Consideration, as adjusted pursuant to the terms of this
Section 2, shall be made via wire transfer of immediately available funds from
Buyer to an account specified by Seller within 12 days from date of signing of
this agreement. Upon receipt of funds Seller shall within 3 days issue 27587
series A units to the buyer. The Buyer and Seller acknowledge and intend that
the Purchase Price shall be the entire consideration to be paid to Seller in
connection with the sale of the Series A Units and that Seller shall not be
entitled to any other monetary or non-monetary consideration, notwithstanding
any assets, working capital, or cash held by the Company at Closing and
otherwise available for distribution or any changes in the business of the
Company."

    


    2. Counterparts;
Interpretation.  This Amendment may be signed in counterparts
and may be delivered by facsimile, and each counterpart and facsimile will be
considered an original, but all of which, when taken together, will constitute
one instrument.  This Amendment shall be interpreted to give each of
the provisions their plain meaning.  The Recitals are incorporated
into this Amendment.  Capitalized terms used but not defined herein
shall have the meanings set forth in the Agreement.

    


    3. Governing Law. This
Amendment shall be governed by, interpreted under, and construed and enforced in
accordance with the laws of the State of California.

    


    4. Status of
Agreement.  Except as set forth in this Amendment, the terms
and provisions of the Agreement shall remain in full force and
effect.

    


    [SIGNATURES
INCLUDED ON FOLLOWING PAGE]

     

     

     

     

    IN
WITNESS WHEREOF, Seller and Buyer have executed this Amendment as of the date
written above.

    
      	
              "Buyer"

               

              Allied
      Digital Services Limited, an Indian limited company

               

              By:  s/s Nitin D.
      Shah                                                                

              Name: 
      Nitin D.
      Shah                                                                

              Title: 
      Chairman & Managing
      Director

                         
      12/12/08

               

               

               

            	
              "Seller"

               

              En
      Pointe Technologies Sales, Inc., a Delaware corporation

               

              By:       s/s Bob
      Din

              Name:  Bob
      Din                                                                

              Its:       Chief Executive
      Officer                                                        

                              
      01/07/09