Document:

Exhibit
      10.1

    

    RENEWAL
      AND MODIFICATION AGREEMENT

    

     

    This
      Renewal and Modification Agreement (this “Agreement”),
      effective as of February 27, 2008, is made by and among CaminoSoft Corp., a
      California corporation (“Borrower”),
      US
      Special Opportunities Trust PLC (formerly BFS US Special Opportunities Trust
      PLC) (“USSO”),
      Renaissance Capital Growth & Income Fund III, Inc., a Texas corporation
      (“Renn
      III”),
      Renaissance US Growth Investment Trust PLC, a public limited company registered
      in England and Wales (“RUSGIT”)
      (USSO,
      Renn III, and RUSGIT being individually referred to as a “Lender”
and
      collectively as “Lenders”),
      and
      RENN Capital Group, Inc., a Texas corporation (“Agent”).

    

    Borrower
      is indebted to the Lenders under the terms of the following
      documents:

    

    
      	·	
              6.00%
                Convertible Debenture, dated November 27, 2002, in the original principal
                amount of $1,000,000,
                payable to USSO;

            

    

    

    
      	·	
              6.00%
                Convertible Debenture, dated August 1, 2003, in the original principal
                amount of $750,000,
                payable to USSO;

            

    

    

    
      	·	
              Secured
                Subordinated Promissory Note, dated July 19, 2004, in the original
                principal amount of $250,000,
                payable to Renn III;

            

    

    

    
      	·	
              Secured
                Subordinated Promissory Note, dated July 19, 2004, in the original
                principal amount of $250,000,
                payable to RUSGIT;

            

    

    

    
      	·	
              Secured
                Subordinated Promissory Note, dated July 19, 2004, in the original
                principal amount of $250,000,
                payable to BFS;

            

    

    

    
      	·	
              Convertible
                Promissory Note, dated February 7, 2007, in the original principal
                amount
                of $100,000,
                payable to USSO; and 

            

    

    

    
      	·	
              Convertible
                Promissory Note, dated February 7, 2007, in the original principal
                amount
                of $100,000,
                payable to RUSGIT.

            

    

    

    All
      such
      documents, together with all previously existing renewals, modifications,
      amendments, or extensions thereof, are collectively referred to as the
“Loan
      Documents.”
The
      parties hereto wish to modify, renew and extend the maturity of the Loan
      Documents. 

    

    Accordingly,
      the parties hereto agree as follows: 

    

    1. Modification.
      The
      Loan Documents are hereby modified and amended such that the maturity date
      set
      forth in each of the Loan Documents is changed so that payment of the unpaid
      principal, and all accrued and unpaid interest and any other charges, fees
      and
      payments due under the Loan Documents, shall be due and payable in full on
      May
      30, 2008. 

    

    2. Effect
      of Agreement.
      Except
      as modified and amended pursuant to the terms of this Agreement, the Loan
      Documents shall remain in full force and effect in accordance with their
      respective terms.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    3. Reaffirmation
      of Loan.
      Borrower: (a) reaffirms the terms and provisions of, and its obligations under,
      the Loan Documents, as modified herein, and (b) confirms to Lenders all security
      interests and liens heretofore granted to secure payment and performance of
      the
      Loan Documents.

    

    4. No
      Claims or Defenses.
      Borrower confirms and acknowledges that it has no claims, offsets, counterclaims
      or defenses with respect to (i) the payment of the indebtedness described in
      the
      Loan Documents; (ii) the payment of any other sums due under the Loan Documents;
      (iii) the performance of any of Borrower’s obligations under the Loan Documents;
      or (iv) any liability under any of the Loan Documents.

    

    5. Fees
      and Expenses.
      Borrower shall pay to Lenders all of Lenders’ reasonable out-of-pocket fees and
      expenses incurred in connection with the transactions contemplated hereby,
      including without limitation attorneys’ fees of Lenders’ counsel, Haynes and
      Boone, LLP.

    

    6. Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the internal
      laws of the state of Texas, without reference to conflict of law
      principles.

    

    

    

    *****

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the date first
      stated above.

     

    
      	 	 	 
	 	BORROWER:
	 	 
	 	CaminoSoft
              Corp.
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Stephen
                Crosson

              Chief
                Operating Officer and Chief Financial Officer 

            
	 	 

    

    
      
        
           

          
            	 	 	 
	 	LENDERS:
	 	 
	 	US
                    Special
                    Opportunities Trust PLC
	 
 	 
 	 
 
	 	By:  	 
	 	
                    

                    
                      Russell
                        Cleveland, President

                      RENN
                        Capital Group, Inc., Investment Advisor

                    

                  
	 	 

          

           

        

      

      
        
          
            	 	 	 
	 	Renaissance
                    Capital Growth & Income Fund III, Inc.
	 
 	 
 	 
 
	 	By:  	 
	 	
                    

                    
                      
                        Russell
                          Cleveland

                        President

                      

                    

                  
	 	 

          

        

      

    

    

      
         

        
          	 	 	 
	 	Renaissance
                  US Growth Investment Trust PLC
	 	 
	 	
                  By: RENN
                    Capital Group, Inc.

                  Its: 
                    Investment
                    Manager

                
	 
 	 
 	 
 
	 	By:  	 
	 	
                  

                  
                    Russell
                      Cleveland

                    
                      President

                    

                  

                
	 	 

        

        
           

          
            
              
                	 	 	 
	 	AGENT:
	 	 
	 	RENN
                        Capital Group, Inc.
	 
 	 
 	 
 
	 	By:  	 
	 	
                        

                        
                          
                            Russell
                              Cleveland

                            PresidentUNIT
      SUBSCRIPTION AGREEMENT

     

    This
      UNIT
      SUBSCRIPTION AGREEMENT (this “Agreement”)
      is
      made as of February 20, 2008, by and between Transformation Capital Corporation,
      a Delaware corporation (the “Company”),
      and
      Randall Yanker, Elliot Stein Jr. and Rodney Yanker (the “Purchasers”).

     

    WHEREAS,
      the Company is proposing to file a registration statement (the “Registration
      Statement”)
      on
      Form S-1 under the Securities Act of 1933, as amended (the “Securities
      Act”)
      with
      the Securities and Exchange Commission in connection with a proposed initial
      public offering (the “Initial
      Public Offering”)
      of
      15,000,000 units (“Units”),
      each
      consisting of one share of common stock of the Company, par value $0.0001 per
      share (“Common
      Stock”),
      and
      one warrant to purchase one additional share of Common Stock for $7.50, and,
      at
      the election of the underwriters for the Initial Public Offering (the
“Underwriters”),
      up to
      an additional 2,250,000 Units to cover over-allotments, in each case subject
      to
      the terms and conditions set forth in the Registration Statement;
      and

     

    WHEREAS,
      in order to capitalize the Company prior to the Initial Public Offering, the
      Company desires to issue and sell, and the Purchasers desire to subscribe for,
      purchase and acquire, certain Founder Units (as defined below) on the terms
      and
      conditions hereinafter set forth.

     

    NOW,
      THEREFORE, for and in consideration of the promises and mutual covenants set
      forth herein, the parties hereto agree as follows:

     

    1.           Purchase
      and Sale of Units.  Each
      Purchaser hereby, severally and not jointly, subscribes for and purchases from
      the Company, and the Company hereby issues and sells to each Purchaser, the
      number of units (the “Founder
      Units”)
      set
      forth opposite their respective names in Schedule I hereto at a purchase price
      of $0.0057971 per Founder Unit for an aggregate purchase price of
      $25,000.  Each Founder Unit consists of one share of Common Stock and
      one warrant (a “Warrant”)
      to
      purchase one additional share of Common Stock for $7.50 in accordance with
      the
      terms of a warrant agreement (the “Warrant
      Agreement”)
      to be
      entered into by and between the Company and Continental Stock Transfer &
Trust Company or such other warrant agent as may be selected by the Company
      (the
“Warrant
      Agent”),
      which
      Warrant Agreement shall contain such provisions with regard to the Warrants
      as
      are contained in the Registration Statement and such other terms as are typical
      in warrant agreements of blank check companies.  The Founder Units,
      together with the underlying Common Stock and Warrants, are referred to herein
      as the “Securities”.

     

    2.           Closing
      of Purchase and Sale.  The
      closing of the purchase and sale of the Founder Units shall take place at the
      offices of the Company immediately following the execution of this
      Agreement.  At the closing, the Company shall deliver to each
      Purchaser a certificate evidencing the Founder Units purchased by such
      Purchaser, registered in the Purchaser’s name, upon the payment of the aggregate
      purchase price therefor in immediately available funds by delivery of a cashiers
      check or by wire transfer to an account designated by the Company.

     

    3.           Redemption
      of Units.  If
      and to the extent that the Underwriters do not exercise in full their option
      to
      purchase up to 2,250,000 Units to cover over-allotments (as described in the
      Registration Statement) prior to the expiration or termination of such option,
      the Purchasers shall forfeit and the Company shall redeem, for no consideration,
      up to 562,500 Founder Units from the holders thereof on a pro rata basis in
      an
      amount sufficient to cause the number of shares of Common Stock underlying
      the
      outstanding Founder Units held by the Purchasers and their permitted transferees
      to equal 20% of the Company’s then-outstanding Common Stock after giving effect
      to the Initial Public Offering (without giving effect to any Units purchased
      by
      the Purchaser or any such transferees in the Initial Public Offering) and the
      exercise, if any, of the Underwriters’ over-allotment option. The parties shall
      give effect to this mandatory forfeiture and redemption of Founder Units within
      ten business days following the earlier to occur of the expiration or
      termination of the Underwriters’ over-allotment option.  If the
      Underwriters exercise their over-allotment option in full, the Founders and
      their permitted transferees shall have no obligation to forfeit any of the
      Founder Units and the Company shall have no right or obligation to redeem any
      of
      the Founder Units.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.           Restrictive
      Legends.  (a)
      All certificates representing the Founder Units shall have endorsed thereon
      the
      following legends:

     

    (a)           “The
      securities represented by this Certificate have not been registered under the
      Securities Act of 1933, as amended.  The securities may not be sold,
      offered for sale, pledged or hypothecated in the absence of an effective
      registration statement as to the securities under the Securities Act or an
      opinion of counsel satisfactory to the Company that such registration statement
      is not required.”

     

    (b)           “Some
      of the securities represented by this Certificate may be subject to redemption
      pursuant to Section 3 of the Unit Subscription Agreement, dated as of February
      19, 2008, between the Company and the Purchasers
      specified therein.”

     

    (c)           Any
      legend required pursuant to the terms of the Warrant Agreement.

     

    (d)           Any
      legend required by state securities or blue sky laws or
      regulations.

     

    (b) The
      Company will cause any legends that may be required to be endorsed on the
      certificates representing the Founder Units pursuant to the terms of this
      Agreement after the date such certificates are issued to be so endorsed on
      such
      certificates (or to issue new certificates properly endorsed to the holders
      thereof to replace the certificates then held by such holders), and the Founders
      and their permitted transferees agree to take such actions as may be required
      by
      the Company to enable the Company to so endorse such certificates or to so
      replace such existing certificates with new certificates properly
      endorsed.

     

    5.           Investment
      Representations.  In
      connection with the purchase of the Securities, each of the Purchasers,
      severally and not jointly, represents and warrants to the Company the
      following:

     

    (a)           Such
      Purchaser is familiar with the Company’s business plans and financial condition
      and has acquired sufficient information about the Company to reach an informed
      and knowledgeable decision to acquire the Securities.  Such Purchaser
      has been afforded the opportunity to ask questions of the executive officers
      and
      directors of the Company.  Such Purchaser understands that its
      investment in the Securities involves a high degree of risk.  Such
      Purchaser has sought such accounting, legal and tax advice as it has considered
      necessary to make an informed investment decision with respect to such
      Purchaser’s acquisition of the Securities.  Such Purchaser has such
      knowledge and expertise in financial and business matters, knows of the high
      degree of risk associated with investments generally and particularly
      investments in the securities of companies in the development stage such as
      the
      Company, is capable of evaluating the merits and risks of an investment in
      the
      Securities, and is able to bear the economic risk of an investment in the
      Securities in the amount contemplated hereunder.  Such Purchaser
      understands that there presently is no public market for the securities and
      none
      is anticipated to develop in the foreseeable future.  Such Purchaser
      can afford a complete loss of its investment in the Securities.  Such
      Purchaser is purchasing the Securities for investment for such Purchaser’s own
      account only and not with a view to, or for resale in connection with, any
      “distribution” thereof within the meaning of the Securities Act; provided,
      however,
      that
      the Company acknowledges that certain of the Founder Units may ultimately be
      purchased by certain directors of the Company and certain other permitted
      transferees identified by the Purchasers to the Company; but further provided
      that
      such directors and/or such permitted transferees shall make the same
      representations and warranties as are contained in this Agreement and any
      agreement with the directors and/or such permitted transferees shall include
      the
      same terms and conditions as are contained in this Agreement.

     

    (b)           Such
      Purchaser understands that the Securities have not been registered under the
      Securities Act or any state securities law by reason of a specific exemption
      therefrom, and that the Company is relying on the truth and accuracy of, and
      such Purchaser’s compliance with, the representations and warranties and
      agreements of such Purchaser set forth herein to determine the availability
      of
      such exemptions and the eligibility of such Purchaser to acquire such
      Securities, including, but not limited to, the bona fide
      nature
      of such Purchaser’s investment intent as expressed herein.

    
      
        
        

      

      
        -
          2 -

        
          

        

      

      
        
        

      

    

    (c)           Such
      Purchaser further acknowledges and understands that the Securities must be
      held
      indefinitely unless the Securities are subsequently registered under the
      Securities Act or an exemption from such registration is
      available.  Such Purchaser understands that the certificates
      evidencing the Securities will be imprinted with a legend that prohibits the
      transfer of the Securities unless the Securities are registered or such
      registration is not required in the opinion of counsel for the
      Company.

     

    (d)           Such
      Purchaser represents that it is an “accredited investor” as that term is defined
      in Rule 501 of Regulation D promulgated under the Securities Act.

     

    (e)           Such
      Purchaser has all necessary power and authority to enter into this Agreement
      and
      to consummate the transactions contemplated hereby.  This Agreement
      has been duly executed and delivered by such Purchaser.  This
      Agreement constitutes the valid, binding and enforceable obligation of such
      Purchaser, enforceable in accordance with its terms, except as enforceability
      may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
      fraudulent transfer or similar laws of general application now or hereafter
      in
      effect affecting the rights and remedies of creditors and by general principles
      of equity (regardless of whether enforcement is sought in a proceeding at law
      or
      in equity).  The purchase by such Purchaser of the Securities does not
      conflict with any material contract by which such Purchaser or its property
      is
      bound, or any laws or regulations or decree, ruling or judgment of any court
      applicable to such Purchaser or its property.

     

    (f)           Such
      Purchaser did not decide to enter into this Agreement as a result of any general
      solicitation or general advertising within the meaning of Rule 502(c) of the
      Securities Act.

     

    (g)           Such
      Purchaser understands that no U.S. federal or state agency or any other
      government or governmental agency has passed on or made any recommendation
      or
      endorsement of the Securities or the fairness or suitability of the investment
      in the Securities, nor have such authorities passed upon or endorsed the merits
      of the offering of the Securities.

     

    6.           Company
      Representations and Warranties.  In
      connection with the issuance and sale of the Securities, the Company hereby
      represents and warrants to the Purchasers the following:

     

    (a)           The
      Company is a corporation duly incorporated, validly existing and in good
      standing under the laws of the State of Delaware and the Company has all
      necessary corporate power and authority to enter into this Agreement and to
      consummate the transactions contemplated hereby.  All corporate action
      necessary to be taken by the Company to authorize the execution, delivery and
      performance of this Agreement and all other agreements and instruments delivered
      by the Company in connection with the transactions contemplated hereby has
      been
      duly and validly taken and this Agreement has been duly executed and delivered
      by the Company.  This Agreement constitutes the valid, binding and
      enforceable obligation of the Company, enforceable in accordance with its terms,
      except as enforceability may be limited by applicable bankruptcy, insolvency,
      reorganization, moratorium, fraudulent transfer or similar laws of general
      application now or hereafter in effect affecting the rights and remedies of
      creditors and by general principles of equity (regardless of whether enforcement
      is sought in a proceeding at law or in equity).  The issuance and sale
      by the Company of the Securities does not conflict with the certificate of
      incorporation or by-laws of the Company or any material contract by which the
      Company or its property is bound, or any federal or state laws or regulations
      or
      decree, ruling or judgment of any United States or state court applicable to
      the
      Company or its property.

     

    (b)           The
      Founder Units and the Common Stock and Warrants underlying the Founder Units
      have been duly authorized and, when issued, delivered and paid for in accordance
      with this Agreement, the Common Stock underlying such Founder Units will be
      validly issued, fully paid and non-assessable and will be free and clear of
      all
      liens and claims.  The shares of Common Stock issuable upon exercise
      of the Warrants have been duly authorized and, when issued, delivered and paid
      for in accordance with the terms of the Warrant Agreement, will be validly
      issued, fully paid and non-assessable and will be free and clear of all liens
      and claims.

     

    7.           Miscellaneous.

    
      
        
        

      

      
        -
          3 -

        
          

        

      

      
        
        

      

    

    (a)           Governing
      Law.  This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York without regard to the principles of conflicts of law
      thereof.

     

    (b)           Further
      Execution.  The
      parties agree to take all such further action as may reasonably be necessary
      to
      carry out and consummate this Agreement as soon as practicable, and to take
      whatever steps may be necessary to obtain any governmental approval in
      connection with or otherwise qualify the issuance of the Securities that are
      the
      subject of this Agreement.

     

    (c)           Amendment.  This
      Agreement may not be amended, modified or waived, in whole or in part, except
      by
      an agreement in writing signed by each of the parties hereto.

    
      
        
        

      

      
        -
          4 -

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      day
      and year first above written.

     

    
      	
               

            	
              COMPANY:

            
	 	 
	
               

            	
              TRANSFORMATION
                CAPITAL CORPORATION

            
	
               

            	
               

            
	
               

            	
               

            
	
               

            	
              By:

            	
              /s/
                Randall S. Yanker 
                

              

            
	
               

            	
               

            	
              Name:

            	
              Randall
                S. Yanker

            
	
               

            	
               

            	
              Title:

            	
              President
                and Chief Executive Officer

            
	
               

            	
               

            
	
               

            	
               

            
	
               

            	
              PURCHASERS:

            
	
               

            	
               

            
	
               

            	
              Randall
                Yanker

            
	
               

            	
               

            
	
               

            	
              /s/
                Randall S. Yanker 
                

              

            
	
               

            	
               

            
	
               

            	
              Elliot
                Stein Jr.

            
	
               

            	
               

            
	
               

            	
              /s/
                Elliot Stein Jr. 
                

              

            
	
               

            	
               

            
	
               

            	
               

            
	
               

            	
              Rodney
                Yanker

            
	
               

            	
               

            
	
               

            	
              /s/
                Rodney Yanker 
                

              

            

    

    

     

    
      
        
        

      

      
        -
          5 -

        
          

        

      

      
        
        

      

    

    SCHEDULE
      I

    

    
      	
              Purchaser

            	
              Number
                of Founder 

              Units
                to be Purchased

            
	
              Randall
                Yanker

            	
              1,437,500

            
	
              Elliot
                Stein Jr.

            	
              1,437,500

            
	
              Rodney
                Yanker

            	
              1,437,500

            
	
              Total

            	
              4,312,500

            

    

     

     

    
      
        
        

      

      -
        6 -

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