Document:

Form of Guaranty Agreement - UCN/ ComVest

 Exhibit 10.5 
 GUARANTY AGREEMENT (as amended, restated, supplemented or otherwise modified, this “Guaranty” or this “Agreement”), dated as of May __, 2006, is made by MyACD Inc., a Utah
corporation, and Buyers United, Inc.–Virginia, a Virginia corporation (each a “Guarantor” and collectively the “Guarantors”), in favor of ComVest Capital LLC (the “Lender”). 
 STATEMENT OF PURPOSE 
 Pursuant to the
terms of the Revolving Credit and Term Loan Agreement dated as of May __, 2006 by and between UCN, Inc. (the “Borrower”) and the Lender (as same may be amended, modified, supplemented and/or restated from time to time, the
“Loan Agreement”), the Lender has agreed to make one or more Loans to the Borrower in an aggregate principal amount of up to $12,000,000 at any time outstanding, upon the terms and subject to the conditions set forth therein.

 Each of the Guarantors is a direct wholly-owned Subsidiary of the Borrower. 
 The Borrower and the Guarantors, though separate legal entities, comprise one integrated financial enterprise, and the Loans will inure, directly or
indirectly, to the benefit of each of the Guarantors. 
 It is a condition precedent to the obligation of the Lender to make the Loans under
the Loan Agreement that the Guarantors shall have executed and delivered this Guaranty to the Lender. 
 NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, and to induce the Lender to enter into the Loan Agreement and to make the Loans thereunder, the Guarantors hereby agree with the Lender as
follows: 
 ARTICLE I  
 DEFINED TERMS 
 SECTION 1.1 Definitions. The following terms when used in this Guaranty shall have the meanings
assigned to them below: 
 “Additional Guarantor” means each direct or indirect Subsidiary of the Borrower which hereafter
becomes a Guarantor pursuant to Section 4.17 hereof and Section 5.11 of the Loan Agreement. 
 “Applicable
Insolvency Laws” means all Applicable Laws governing bankruptcy, reorganization, arrangement, adjustment of debts, relief of debtors, dissolution, insolvency, fraudulent transfers or conveyances or other similar laws (including, without
limitation, 11 U.S.C. Sections 544, 547, 548 and 550 and other “avoidance” provisions of Title 11 of the United States Code, as amended or supplemented). 

 “Guaranteed Obligations” has the meaning set forth in Section 2.1.

 “Guaranty” means this Guaranty Agreement, as amended, restated, supplemented or otherwise modified. 
 SECTION 1.2 Other Definitional Provisions. Capitalized terms used and not otherwise defined in this Guaranty, including the preambles and recitals
hereof, shall have the meanings ascribed to them in the Loan Agreement. In the event of a conflict between capitalized terms defined herein and in the Loan Agreement, the Loan Agreement shall control. The words “hereof,”
“herein”, “hereto” and “hereunder” and words of similar import when used in this Guaranty shall refer to this Guaranty as a whole and not to any particular provision of this Guaranty, and Section references are to this
Guaranty unless otherwise specified. The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. Where the context requires, terms relating to the Collateral or any part thereof, when
used in relation to a Guarantor, shall refer to such Guarantor’s Collateral or the relevant part thereof. The word “including” and words of similar import when used in this Agreement shall mean “including, without
limitation,” unless otherwise specified. 
 ARTICLE II  
 GUARANTY 
 SECTION 2.1 Guaranty. Each Guarantor hereby, jointly and
severally with the other Guarantors, unconditionally guarantees to the Lender and its successors, endorsees, transferees and assigns, the prompt payment and performance of all Obligations of the Borrower, whether primary or secondary (whether by way
of endorsement or otherwise), whether now existing or hereafter arising, whether or not from time to time reduced or extinguished (except by payment thereof) or hereafter increased or incurred, whether enforceable or unenforceable as against the
Borrower, whether or not discharged, stayed or otherwise affected by any Applicable Insolvency Law or proceeding thereunder, whether matured or unmatured, whether joint or several, as and when the same become due and payable (whether at maturity or
earlier, by reason of acceleration, mandatory repayment or otherwise), in accordance with the terms of the agreements and instruments evidencing such Obligations, including all renewals, extensions or modifications thereof (all such Obligations of
the Borrower being hereafter collectively referred to as the “Guaranteed Obligations”). 
 SECTION 2.2 Bankruptcy
Limitations on Guarantors. Notwithstanding anything to the contrary contained in Section 2.1, it is the intention of each Guarantor and the Lender that, in any proceeding involving the bankruptcy, reorganization, arrangement,
adjustment of debts, relief of debtors, dissolution or insolvency or any similar proceeding with respect to any Guarantor or its assets, the amount of such Guarantor’s obligations with respect to the Guaranteed Obligations shall be equal to,
but not in excess of, the maximum amount thereof not subject to avoidance or recovery by operation of Applicable Insolvency Laws after giving effect to Section 2.3. To that end, but only in the event and to the extent that after giving
effect to Section 2.3 such Guarantor’s obligations with respect to the Guaranteed Obligations or any payment made pursuant to such Guaranteed Obligations would, but for the operation of the first sentence of this
Section 2.2, be subject to avoidance or recovery in any such proceeding under Applicable 

  

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Insolvency Laws after giving effect to Section 2.3, the amount of such Guarantor’s obligations with respect to the Guaranteed Obligations
shall be limited to the largest amount which, after giving effect thereto, would not, under Applicable Insolvency Laws, render such Guarantor’s obligations with respect to the Guaranteed Obligations unenforceable or avoidable or otherwise
subject to recovery under Applicable Insolvency Laws. To the extent any payment actually made pursuant to the Guaranteed Obligations exceeds the limitation of the first sentence of this Section 2.2 and is otherwise subject to avoidance
and recovery in any such proceeding under Applicable Insolvency Laws, the amount subject to avoidance shall in all events be limited to the amount by which such actual payment exceeds such limitation and the Guaranteed Obligations as limited by the
first sentence of this Section 2.2 shall in all events remain in full force and effect and be fully enforceable against such Guarantor. The first sentence of this Section 2.2 is intended solely to preserve the rights of the
Lender hereunder against such Guarantor in such proceeding to the maximum extent permitted by Applicable Insolvency Laws and neither such Guarantor, the Borrower, any other Guarantor nor any other Person shall have any right or claim under such
sentence that would not otherwise be available under Applicable Insolvency Laws in such proceeding. 
 SECTION 2.3 Agreements for
Contribution. 
 (a) To the extent that any Guarantor is required, by reason of its obligations hereunder, to pay to the Lender an amount
greater than the amount of value (as determined in accordance with Applicable Insolvency Laws) actually made available to or for the benefit of such Guarantor on account of the Loan Agreement, this Guaranty or any other Loan Document, such Guarantor
shall have an enforceable right of contribution against the remaining Guarantors, and the remaining Guarantors shall be jointly and severally liable for repayment of the full amount of such excess payment. Subject only to the subordination provided
in Section 2.3(d), such Guarantor further shall be subrogated to any and all rights of the Lender against the Borrower and the remaining Guarantors to the extent of such excess payment. 
 (b) To the extent that any Guarantor would, but for the operation of this Section 2.3 and by reason of its obligations hereunder or its
obligations to other Guarantors under this Section 2.3, be rendered insolvent for any purpose under Applicable Insolvency Laws, each of the Guarantors hereby agrees to indemnify such Guarantor and commits to make a contribution to such
Guarantor’s capital in an amount at least equal to the amount necessary to prevent such Guarantor from having been rendered insolvent by reason of the incurrence of any such obligations. 
 (c) To the extent that any Guarantor would, but for the operation of this Section 2.3, be rendered insolvent under any Applicable Insolvency
Law by reason of its incurring of obligations to any other Guarantor under the foregoing Sections 2.3(a) and (b), such Guarantor shall, in turn, have rights of contribution to the full extent provided in the foregoing Sections 2.3(a) and
(b) against the remaining Guarantors, such that all obligations of all of the Guarantors hereunder and under this Section 2.3 shall be allocated in a manner such that no Guarantor shall be rendered insolvent for any purpose
under Applicable Insolvency Law by reason of its incurrence of such obligations. 
  

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 (d) Notwithstanding any payment or payments by any of the Guarantors hereunder, or any set-off or
application of funds of any of the Guarantors by the Lender, or the receipt of any amounts by the Lender with respect to any of the Guaranteed Obligations, none of the Guarantors shall be entitled to be subrogated to any of the rights of the Lender
against the Borrower or the other Guarantors or against any collateral security held by the Lender for the payment of the Guaranteed Obligations, nor shall any of the Guarantors seek any reimbursement from the Borrower or any of the other Guarantors
in respect of payments made by such Guarantor in connection with the Guaranteed Obligations, until all amounts owing to the Lender on account of the Guaranteed Obligations are paid in full and the Revolving Credit Commitment has been terminated. If
any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full or the Revolving Credit Commitment remains outstanding, such amount shall be held by
such Guarantor in trust for the ratable benefit of the Lender, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Lender in the exact form received by such Guarantor (duly
endorsed by such Guarantor to the Lender, if required) to be applied against the Guaranteed Obligations, whether matured or unmatured, in the order set forth in the Loan Agreement. 
 SECTION 2.4 Nature of Guaranty. 
 (a)
Each Guarantor agrees that this Guaranty is a continuing, unconditional guaranty of payment and performance and not of collection, and that its obligations under this Guaranty shall be primary, absolute and unconditional, irrespective of, and
unaffected by: 
 (i) the genuineness, validity, regularity, enforceability or any future amendment of, or change in, the Loan
Agreement or any other Loan Document or any other agreement, document or instrument to which the Borrower or any Subsidiary is or may become a party; 
 (ii) the absence of any action to enforce this Guaranty, the Loan Agreement or any other Loan Document or the waiver or consent by the Lender with respect to any of the provisions of this Guaranty, the Loan Agreement
or any other Loan Document; 
 (iii) the existence, value or condition of, or failure to perfect any Lien against, any
security for or other guaranty of the Guaranteed Obligations or any action, or the absence of any action, by the Lender in respect of such security or guaranty (including, without limitation, the release of any such security or guaranty); or

 (iv) any other action or circumstances which might otherwise constitute a legal or equitable discharge or defense of a
surety or guarantor; 
 it being agreed by each Guarantor that, subject to the first sentence of Section 2.2, its obligations under this Guaranty
shall not be discharged until the final indefeasible payment and performance, in full, of the Guaranteed Obligations. 
 (b) Each Guarantor
represents, warrants and agrees that its obligations under this Guaranty are not and shall not be subject to any counterclaims, offsets or defenses of any kind against the Lender or the Borrower, whether now existing or which may arise in the
future. 
  

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 (c) Each Guarantor hereby agrees and acknowledges that the Guaranteed Obligations, and any of them, shall
conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon this Guaranty, and all dealings between the Borrower and any of the Guarantors, on the one hand, and the Lender, on the
other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon this Guaranty. 
 SECTION 2.5
Waivers. To the extent permitted by law, each Guarantor expressly waives all of the following rights and defenses (and agrees not to take advantage of or assert any such right or defense): 
 (a) any rights it may now or in the future have under any statute, or at law or in equity, or otherwise, to compel the Lender to proceed in respect of
the Obligations against the Borrower or any other Person or against any security for or other guaranty of the payment and performance of the Guaranteed Obligations before proceeding against, or as a condition to proceeding against, such Guarantor;

 (b) any defense based upon the failure of the Lender to commence an action in respect of the Guaranteed Obligations against the Borrower,
such Guarantor, any other guarantor or any other Person or any security for the payment and performance of the Guaranteed Obligations; 
 (c)
any right to insist upon, plead or in any manner whatever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, marshalling of assets or redemption laws, or exemption, whether now or at any time hereafter in force,
which may delay, prevent or otherwise affect the performance by such Guarantor of its obligations under, or the enforcement by the Lender of this Guaranty; 
 (d) any right of diligence, presentment, demand, protest and notice (except as specifically required herein) of whatever kind or nature with respect to any of the Guaranteed Obligations and waives, to the extent
permitted by Applicable Law, the benefit of all provisions of law which are or might be in conflict with the terms of this Guaranty; and 
 (e) any and all right to notice of the creation, renewal, extension or accrual of any of the Obligations and notice of or proof of reliance by the Lender upon, or acceptance of, this Guaranty. 
 Each Guarantor agrees that any notice or directive given at any time to the Lender which is inconsistent with any of the foregoing waivers shall be null
and void and may be ignored by the Lender, and, in addition, may not be pleaded or introduced as evidence in any litigation relating to this Guaranty for the reason that such pleading or introduction would be at variance with the written terms of
this Guaranty, unless the Lender has specifically agreed otherwise in writing. The foregoing waivers are of the essence of the transaction contemplated by the Loan Agreement and the other Loan Documents and, but for this Guaranty and such waivers,
the Lender would decline to enter into the Loan Agreement and the other Loan Documents. 
  

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 SECTION 2.6 Modification of Loan Documents, etc. The Lender shall not incur any liability to any
Guarantor as a result of any of the following, and none of the following shall impair or release this Guaranty or any of the obligations of any Guarantor under this Guaranty: 
 (a) any change or extension of the manner, place or terms of payment of, or renewal or alteration of all or any portion of, the Guaranteed Obligations;

 (b) any action under or in respect of the Loan Agreement or the other Loan Documents in the exercise of any remedy, power or privilege
contained therein or available to any of them at law, in equity or otherwise, or waiver or refrain from exercising any such remedies, powers or privileges; 
 (c) any amendment or modification, in any manner whatsoever, of the Loan Documents; 
 (d) any extension or
waiver of the time for performance by any Guarantor, any other guarantor, the Borrower or any other Person, or compliance with, any term, covenant or agreement on its part to be performed or observed under a Loan Document, or waiver of such
performance or compliance or consent to a failure of, or departure from, such performance or compliance; 
 (e) the taking and holding
security or Collateral for the payment of the Obligations or the sale, exchange, release, disposal of, or other dealing with, any property pledged, mortgaged or conveyed, or in which the Lender has been granted a Lien, to secure any indebtedness of
any Guarantor, any other guarantor or the Borrower to the Lender; 
 (f) the release of anyone who may be liable in any manner for the
payment of any amounts owed by any Guarantor, any other guarantor or the Borrower to the Lender; or 
 (g) any modification or termination of
any intercreditor or subordination agreement pursuant to which claims of other creditors of any Guarantor, any other guarantor or the Borrower are subordinated to the claims of the Lender. 
 SECTION 2.7 Demand by the Lender. In addition to the terms set forth in this Article II and in no manner imposing any limitation on such
terms, if all or any portion of the then outstanding Guaranteed Obligations are declared to be immediately due and payable, then the Guarantors shall, upon demand in writing therefor by the Lender to the Guarantors, pay all or such portion of the
outstanding Guaranteed Obligations due hereunder then declared due and payable. 
 SECTION 2.8 Remedies. Upon the occurrence and
during the continuance of any Event of Default, the Lender may enforce against the Guarantors their respective obligations and liabilities hereunder and exercise such other rights and remedies as may be available to the Lender hereunder, under the
Loan Agreement or the other Loan Documents or otherwise. 
 SECTION 2.9 Benefits of Guaranty. The provisions of this Guaranty are for
the benefit of the Lender and its successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Borrower and the Lender, the obligations of the Borrower under the 

  

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Loan Documents. In the event that all or any part of the Obligations are transferred, endorsed or assigned by the Lender to any Person or Persons as
permitted under the Loan Agreement, any reference to a “Lender” herein shall be deemed to refer equally to such Person or Persons. 
 SECTION 2.10 Termination; Reinstatement. 
 (a) Subject to Section 2.10(c) below, this Guaranty shall remain in
full force and effect until all the Guaranteed Obligations shall have been indefeasibly paid in full. 
 (b) No payment made by the Borrower,
any Guarantor, or any other Person received or collected by the Lender from the Borrower, any Guarantor, or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in
reduction of or in payment of the Guaranteed Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such
Guarantor in respect of the obligations of the Guarantors or any payment received or collected from such Guarantor in respect of the obligations of the Guarantors), remain liable for the obligations of the Guarantors up to the maximum liability of
such Guarantor hereunder until the Guaranteed Obligations shall have been indefeasibly paid in full. 
 (c) Each Guarantor agrees that, if
any payment made by the Borrower or any other Person applied to the Obligations is at any time annulled, set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be refunded or repaid, or the proceeds of
any Collateral are required to be refunded by the Lender to the Borrower, its estate, trustee, receiver or any other Person, including, without limitation, any Guarantor, under any Applicable Law or equitable cause, then, to the extent of such
payment or repayment, each Guarantor’s liability hereunder (and any Lien or Collateral securing such liability) shall be and remain in full force and effect, as fully as if such payment had never been made, and, if prior thereto, this Guaranty
shall have been canceled or surrendered (and if any Lien or Collateral securing such Guarantor’s liability hereunder shall have been released or terminated by virtue of such cancellation or surrender), this Guaranty (and such Lien or
Collateral) shall be reinstated in full force and effect, and such prior cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligations of such Guarantor in respect of the amount of such payment (or any
Lien or Collateral securing such obligation). 
 SECTION 2.11 Payments. Payments by the Guarantors shall be made to the Lender, to be
credited and applied to the Guaranteed Obligations in accordance with the Loan Agreement, in immediately available Dollars to the account designated by the Lender. 
  

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 ARTICLE III  
 REPRESENTATIONS AND WARRANTIES 
 To induce the Lender to make the Loans, each Guarantor hereby
represents and warrants that: 
 SECTION 3.1 Existence. Such Guarantor is duly organized, validly existing and in good standing under
the laws of the jurisdiction of its incorporation or formation, has the requisite power and authority to own, lease and operate its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and
authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and the failure to be so qualified would have a Material Adverse Effect. 

SECTION 3.2 Authorization of Agreement; Enforceability. Such Guarantor has the right, power and authority to execute, deliver and perform this
Guaranty and has taken all necessary corporate or other organizational action to authorize its execution, delivery and performance of this Guaranty. This Guaranty has been duly executed and delivered by the duly authorized officers of such Guarantor
and this Guaranty constitutes the legal, valid and binding obligation of such Guarantor enforceable against such Guarantor in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium
or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors’ rights in general and the availability of equitable remedies. 
 SECTION 3.3 No Conflict; Consents. The execution, delivery and performance by such Guarantor of this Guaranty will not, by the passage of time,
the giving of notice or otherwise, violate any material provision of any Applicable Law or contractual obligation of such Guarantor and will not result in the creation or imposition of any Lien upon or with respect to any property or revenues of
such Guarantor. No consent or authorization of, filing with, or other act by or in respect of, any arbitrator or governmental authority and no consent of any other Person (including, without limitation, any stockholder or creditor of such
Guarantor), is required in connection with the execution, delivery, performance, validity or enforceability of this Guaranty. 
 SECTION 3.4
Litigation. No actions, suits or proceedings before any arbitrator or governmental authority are pending or, to the knowledge of such Guarantor, threatened by or against such Guarantor or against any of its properties with respect to this
Guaranty or any of the transactions contemplated hereby. 
 SECTION 3.5 Title to Assets. Such Guarantor has a valid leasehold interest
in the real property leased by it, and has good title to all of its personal property sufficient to carry on its business free of any and all Liens of any type whatsoever, except Permitted Liens. 
 SECTION 3.6 Solvency. As of the Closing Date (or such later date upon which such Guarantor became a party hereto), such Guarantor (i) has
capital sufficient to carry on its business and transactions and all business and transactions in which it engages and is able to pay its debts as they mature, (ii) owns property having a value, both at fair valuation on a going concern basis,
and at present fair saleable value on a going concern basis, greater than the amount required to pay its probable liabilities (including contingencies), and (iii) does not believe that it will incur debts or liabilities beyond its ability to
pay such debts or liabilities as they mature, subject in each case to the first sentence of Section 2.2. 
  

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 ARTICLE IV 
 MISCELLANEOUS 
 SECTION 4.1 Amendments in Writing. None of the terms or provisions of this
Guaranty may be waived, amended, supplemented or otherwise modified except in accordance with Section 9.04 of the Loan Agreement. 
 SECTION 4.2 Notices. All notices and communications hereunder shall be given to the addresses and otherwise made in accordance with Section 9.06 of the Loan Agreement; provided that notices and communications to the
Guarantors shall be directed to the Guarantor at the address of the Borrower set forth in Section 9.06 of the Loan Agreement. 
 SECTION 4.3 Enforcement Expenses, Indemnification. 
 (a) Each Guarantor agrees to pay or reimburse the Lender for all its
reasonable costs and expenses incurred in connection with enforcing or preserving any rights under this Guaranty and the other Loan Documents to which such Guarantor is a party, including, without limitation, the reasonable fees and disbursements of
counsel (including the allocated fees and expenses of in-house counsel) to the Lender. 
 (b) Each Guarantor agrees to pay, and to save the
Lender harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with respect to any of the Collateral or in
connection with any of the transactions contemplated by this Guaranty. 
 (c) Each Guarantor agrees to pay, and to save the Lender harmless
from any and all liabilities, obligations, losses, damages, penalties, costs and expenses in connection with actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery,
enforcement, performance and administration of this Guaranty to the extent the Borrower would be required to do so pursuant to the Loan Agreement and/or the Collateral Agreement. 
 (d) The agreements in this Section 4.3 shall survive repayment of the Obligations and all other amounts payable under the Loan Agreement and
the other Loan Documents. 
 SECTION 4.4 Governing Law. This Guaranty shall be governed by, and construed and interpreted in
accordance with, the laws of the State of New York, without giving effect to principles of conflicts of laws. 
 SECTION 4.5 Consent to
Jurisdiction and Venue. 
 (a) Each Guarantor hereby irrevocably consents to the personal jurisdiction of all state and federal courts
located in New York, New York (and any courts from which an appeal from any of such courts must or may be taken) in any action, claim or other proceeding arising out of any dispute in connection with this Agreement and the other Loan Documents, any
rights or obligations hereunder or thereunder, or the performance of such rights and obligations. Each 

  

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Guarantor hereby irrevocably consents to the service of a summons and complaint and other process in any action, claim or proceeding brought by the Lender in
connection with this Agreement or the other Loan Documents, any rights or obligations hereunder or thereunder, or the performance of such rights and obligations, on behalf of itself or its property, by registered or certified mail, return receipt
requested, in the manner specified in Section 9.06 of the Loan Agreement. Nothing in this Section 4.5 shall affect the right of the Lender to serve legal process in any other manner permitted by Applicable Law or affect the
right of the Lender to bring any action or proceeding against any Guarantor or its properties in the courts of any other jurisdictions. 
 (b) The Guarantors hereby irrevocably waive any objection each may have now or in the future to the laying of venue in the aforesaid jurisdiction in any action, claim or other proceeding arising out of or in connection with this Guaranty,
any other Loan Document or the rights and obligations of the parties hereunder or thereunder. The Guarantors irrevocably waive, in connection with such action, claim or proceeding, any plea or claim that the action, claim or proceeding has been
brought in an inconvenient forum. 
 SECTION 4.6 Preservation of Remedies, Damages 
 (a) Preservation of Certain Remedies. The parties hereto and the other Loan Documents preserve, without diminution, certain remedies that such
Persons may employ or exercise freely, either alone, in conjunction with or during a dispute. Each such Person shall have and hereby reserves the right to proceed in any court of proper jurisdiction or by self-help to exercise or prosecute the
following remedies, as applicable: (i) all rights to foreclose against any real or personal property or other security by exercising a power of sale granted in the Loan Documents or under Applicable Law or by judicial foreclosure and sale,
including a proceeding to confirm the sale, (ii) all rights of self-help including peaceful occupation of property and collection of rents, set-off, and peaceful possession of property, (iii) obtaining provisional or ancillary remedies
including injunctive relief, sequestration, garnishment, attachment, appointment of receiver and in filing an involuntary bankruptcy proceeding, and (iv) when applicable, a judgment by confession of judgment. Preservation of these remedies does
not limit the power of an arbitrator to grant similar remedies that may be requested by a party in a dispute. 
 (a) No Punitive/Exemplary
Damages. The Lender and each Guarantor hereby agree that no such Person shall have a remedy of punitive or exemplary damages against any other party to a Loan Document and each such Person hereby waives any right or claim to punitive or
exemplary damages that they may now have or may arise in the future in connection with any dispute, whether such dispute is resolved through arbitration or judicially. 
 SECTION 4.7 Waiver of Jury Trial. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE LENDER AND EACH GUARANTOR HEREBY IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL WITH RESPECT TO ANY ACTION, CLAIM
OR OTHER PROCEEDING ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS GUARANTY, THE NOTES OR THE OTHER LOAN DOCUMENTS, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THEREUNDER, OR THE PERFORMANCE OF SUCH RIGHTS AND OBLIGATIONS. 
  

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 SECTION 4.8 No Waiver by Course of Conduct, Cumulative Remedies. The Lender shall not by any act
(except by a written instrument pursuant to Section 4.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default. No failure to exercise,
nor any delay in exercising on the part of the Lender, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. A waiver by the Lender of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which the Lender would otherwise have on any future
occasion. The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law. 
 SECTION 4.9 Successors and Assigns. This Guaranty shall be binding upon and shall inure to the benefit of each Guarantor (and shall bind all
Persons who become bound as a Guarantor under this Guaranty), the Lender and their successors and assigns; provided that no Guarantor may assign, transfer or delegate any of its rights or obligations under this Guaranty without the prior
written consent of all holders of Obligations. 
 SECTION 4.10 Severability. If any provision hereof is held by a court of competent
jurisdiction to be invalid or unenforceable in any jurisdiction, then, to the fullest extent permitted by law, (a) the other provisions hereof shall remain in full force and effect in such jurisdiction and shall be liberally construed in favor
of the Lender in order to carry out the intentions of the parties hereto as nearly as may be possible; and (b) the invalidity or unenforceability of any provisions hereof in any jurisdiction shall not affect the validity or enforceability of
such provision in any other jurisdiction. 
 SECTION 4.11 Headings. The various headings used in this Guaranty are for convenience of
reference only and shall not affect the meaning or interpretation of this Guaranty or any provisions hereof. 
 SECTION 4.12
Counterparts. This Guaranty may be executed by the parties hereto in several counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. 
 SECTION 4.13 Set-Off. Each Guarantor hereby irrevocably authorizes the Lender, at any time and from time to time during the continuance of an
Event of Default, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set off and appropriate and apply any and all deposits (general or special, time or demand, provisional or
final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Lender (or any agent of the Lender) to
or for the credit or the account of such Guarantor, or any part thereof, in such amounts as the Lender may elect, against and on account of the obligations and liabilities of such Guarantor to the Lender hereunder, as the Lender may elect, whether
or not the Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Lender shall notify such Guarantor promptly of any such set-off and the application made by the Lender of the
proceeds thereof; provided that the failure to give such notice shall not affect 

  

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the validity of such set-off and application. The rights of the Lender under this Section 4.13 are in addition to other rights and remedies
(including, without limitation, other rights of set-off) which the Lender may have. 
 SECTION 4.14 Integration. This Guaranty and the
other Loan Documents represent the agreement of the Guarantors and the Lender with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Lender relative to subject matter
hereof and thereof not expressly set forth or referred to herein or in the other Loan Documents. 
 SECTION 4.15 Acknowledgements.
Each Guarantor hereby acknowledges that: 
 (a) it has been advised by counsel in the negotiation, execution and delivery of this Guaranty
and the other Loan Documents to which it is a party; 
 (b) the Lender as such has no fiduciary relationship with or duty to any Guarantor
arising out of or in connection with this Guaranty or any of the other Loan Documents, and the relationship between the Guarantors, on the one hand, and the Lender as such, on the other hand, in connection herewith or therewith is solely that of
debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the
transactions contemplated hereby among the Lender or among the Guarantors and the Lender. 
 SECTION 4.16 Releases. At such time as
the Guaranteed Obligations shall have been indefeasibly paid in full and the Revolving Credit Commitment has been terminated, this Guaranty and all obligations (other than those expressly stated to survive such termination) of the Guarantors
hereunder shall terminate, all without delivery of any instrument or performance of any act by any party. 
 SECTION 4.17 Additional
Guarantors. Each direct or indirect Subsidiary of the Borrower that is required to become a party to this Guaranty pursuant to Section 5.11 of the Loan Agreement shall become a Guarantor for all purposes of this Guaranty upon
execution and delivery by such Subsidiary of a supplement in form and substance satisfactory to the Lender. 
 [Signature Page to Follow]

  

 12 

 IN WITNESS WHEREOF, each of the Guarantors has executed and delivered this Guaranty by its duly
authorized officer, all as of the date first set forth above. 
  

			
	MyACD Inc.
		
	By:	 	  
		 	 Name: Paul Jarman
 Title: Chief Executive
Officer

	
	Buyers United, Inc. - Virginia
		
	By:	 	  
		 	 Name: Paul Jarman
 Title: Chief Executive
Officer

  

 13Form of Warrant - UCN/ ComVest

 Exhibit 10.6 
 No.               
 THESE SECURITIES HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR UNDER THE SECURITIES LAWS OF ANY STATE OR JURISDICTION AND MAY NOT BE SOLD, OFFERED FOR SALE OR OTHERWISE TRANSFERRED UNLESS REGISTERED OR QUALIFIED UNDER
THE ACT AND APPLICABLE STATE SECURITIES LAWS OR UNLESS THE COMPANY RECEIVES AN OPINION, IN REASONABLY ACCEPTABLE FORM AND SCOPE, OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, THAT REGISTRATION, QUALIFICATION OR OTHER SUCH ACTIONS ARE NOT
REQUIRED UNDER ANY SUCH LAWS. 
 UCN, INC. 
 WARRANT TO PURCHASE SHARES OF COMMON STOCK 
 (Expires May __, 2011) 
  

			
	 Warrant No. __________
	  	330,000 Shares of Common Stock

 FOR VALUE RECEIVED, subject to the provisions set forth below, the undersigned, UCN, Inc., a
Delaware corporation (the “Company”), hereby certifies that ComVest Capital LLC, a Delaware limited liability company or its registered assigns (the “Holder”), is entitled to purchase from the Company up to three
hundred thirty thousand (330,000) fully paid and nonassessable shares (the “Warrant Shares”) of the Company’s common stock, $.0001 par value per share (the “Common Shares”), for cash at a price of
$             per share (the “Exercise Price”) at any time and from time to time from and after the date hereof and until 5:00 p.m. (Eastern time) on May __, 2011 (the
“Expiration Date”) upon surrender to the Company at its principal office (or at such other location as the Company may advise the Holder in writing) of this Warrant properly endorsed with the Notice of Exercise attached hereto duly
filled in and signed and, if applicable, upon payment in cash or by check of the aggregate Exercise Price for the number of shares for which this Warrant is being exercised determined in accordance with the provisions hereof. The Exercise Price and
the number of shares purchasable hereunder are subject to adjustment as provided in Section 3 of this Warrant. 
 1. Exercise of
Warrant. 
 1.1. Exercise. This Warrant shall be exercisable from the date hereof until the Expiration Date, and
this Warrant shall expire on the Expiration Date. Upon exercise of this Warrant, the Exercise Price shall be payable in cash or by check. This Warrant may be exercised in whole or in part so long as any exercise in part hereof would not involve the
issuance of fractional Warrant Shares. If exercised in part, the Company shall deliver to the Holder a new Warrant, identical in form to this Warrant, in the name of the Holder, evidencing the right to purchase the number of Warrant Shares as to
which this Warrant has not been exercised, which new Warrant shall be signed by an appropriate officer of the Company. The term “Warrant” as used herein shall include any subsequent Warrant issued as provided herein. 

 1.2. Exercise Procedures; Delivery of Certificate. Upon surrender of this Warrant
with a duly executed Notice of Exercise in the form of Annex A attached hereto, together with payment of the Exercise Price for the Warrant Shares purchased, at the Company’s principal executive offices (the “Designated
Office”), the Holder shall be entitled to receive a certificate or certificates for the Warrant Shares so purchased. The Company agrees that the Warrant Shares shall be deemed to have been issued to the Holder as of the close of business on
the date on which this Warrant shall have been surrendered together with the Notice of Exercise and payment for such Warrant Shares. 
 1.3. Cashless Exercise. In lieu of payment of the Exercise Price, a Holder may exercise this Warrant, in whole or in part, by presentation and surrender of this Warrant to the Company, together with a Cashless Exercise Form in the
form attached hereto as Annex B (or a reasonable facsimile thereof) duly executed (a “Cashless Exercise”). Acceptance by the Company of such presentation and surrender shall be deemed a waiver of the Holder’s
obligation to pay all or any portion of the Exercise Price, as the case may be. In the event of a Cashless Exercise, the Holder shall exchange this Warrant for that number of Common Shares determined by multiplying the number of Common Shares for
which this Warrant is being exercised by a fraction, (a) the numerator of which shall be the difference between (i) the then current market price per Common Share, and (ii) the Exercise Price, and (b) the denominator of which
shall be the then current market price per Common Share. For purposes of any computation under this Section l.3, the then current market price per Common Share at any date shall be deemed to be the average of the daily trading price for the ten
(10) consecutive trading days immediately prior to the Cashless Exercise. If, during such measuring period, there shall occur any event which gives rise to any adjustment of the Exercise Price, then a corresponding adjustment shall be made with
respect to the closing prices of the Common Shares for the days prior to the Effective Date of such adjustment event. As used herein, the term “trading price” on any relevant date means (A) if the Common Stock is listed for trading on
the New York Stock Exchange, the American Stock Exchange, the NASDAQ National Market, or the NASDAQ Capital Market, the closing sale price (or, if no closing sale price is reported, the last reported sale price) of the Common Stock (regular way), or
(B) if the Common Stock is not so listed but quotations for the Common Stock are reported on the OTC Bulletin Board, the closing high bid price as reported on the OTC Bulletin Board. 
 2. Transfer; Issuance of Stock Certificates; Restrictive Legends. 
 2.1. Transfer. Each transfer of this Warrant and all rights hereunder, in whole or in part, shall be registered on the books of the
Company to be maintained for such purpose, upon surrender of this Warrant at the Designated Office, together with a written assignment of this Warrant in the form of Annex C attached hereto duly executed by the Holder or its agent or
attorney. Upon such surrender and delivery, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees and in the denominations specified in such instrument of assignment, and shall issue to the assignor
a new Warrant evidencing the portion of this Warrant not so assigned, if any. A Warrant may be exercised by the new Holder for the purchase of Warrant Shares without having a new Warrant issued. Prior to due presentment for registration of transfer
thereof, the Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof (notwithstanding any notations of ownership or writing thereon made by anyone other than a duly authorized officer of the Company) for all

  

 2 

 
purposes and shall not be affected by any notice to the contrary. All Warrants issued upon any assignment of Warrants shall be the valid obligations of the
Company, evidencing the same rights and entitled to the same benefits as the Warrants surrendered upon such registration of transfer or exchange. 
 2.2. Stock Certificates. Certificates for the Warrant Shares shall be delivered to the Holder within three (3) business days after the rights represented by this Warrant shall have been exercised pursuant
to Section 1, and a new Warrant representing the right to purchase the Common Shares, if any, with respect to which this Warrant shall not then have been exercised shall also be issued to the Holder within such time. The issuance of
certificates for Warrant Shares upon the exercise of this Warrant shall be made without charge to the Holder hereof including, without limitation, any documentary, stamp or similar tax that may be payable in respect thereof; provided,
however, that the Company shall not be required to pay any income tax to which the Holder hereof may be subject in connection with the issuance of this Warrant or the Warrant Shares. 
 2.3. Restrictive Legend. Except as otherwise provided in this Section 2, each certificate for Warrant Shares initially issued
upon the exercise of this Warrant and each certificate for Warrant Shares issued to any subsequent transferee of any such certificate, shall be stamped or otherwise imprinted with a legend in substantially the following form: 
 “THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION IN FORM AND FROM COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.” 

Notwithstanding the foregoing, the legend requirements of this Section 2.3 shall terminate as to any particular Warrant Shares when (i) such Warrant Shares
are transferred pursuant to an effective resale registration statement, as contemplated in the Registration Rights Agreement between the Company and the Holder of even date herewith, or (ii) the Company shall have received from the Holder
thereof an opinion of counsel in form and substance reasonably acceptable to the Company that such legend is not required in order to ensure compliance with the Securities Act. Whenever the restrictions imposed by this Section 2.3 shall
terminate, the Holder or subsequent transferee, as the case may be, shall be entitled to receive from the Company without cost to such Holder or transferee a certificate for the Warrant Shares without such restrictive legend. 
 3. Adjustment of Number of Shares; Exercise Price; Nature of Securities Issuable Upon Exercise of Warrants. 
 3.1. Exercise Price; Adjustment of Number of Shares. The Exercise Price and the number of shares purchasable hereunder shall be
subject to adjustment from time to time as hereinafter provided; provided, however, that, notwithstanding the below, in no case shall the 

  

 3 

 
Exercise Price be reduced to below the par value per share of the class of stock for which this Warrant is exercisable at such time. 
 3.2. Adjustments Upon Distribution, Subdivision or Combination. If the Company, at any time or from time to time after the issuance
of this Warrant, shall (a) make a dividend or distribution on its Common Shares payable in Common Shares, (b) subdivide or reclassify the outstanding Common Shares into a greater number of shares, or (c) combine or reclassify the
outstanding Common Shares into a smaller number of shares, the Exercise Price in effect at that time and the number of Warrant Shares into which the Warrant is exercisable at that time shall be proportionately adjusted effective as of the record
date for the dividend or distribution or the effective date of the subdivision, combination or reclassification. 
 3.3.
Adjustment Upon Other Distributions. If the Company, at any time or from time to time after the issuance of this Warrant, makes a distribution to the holders of Common Shares which is payable in securities of the Company other than Common
Shares, then, in each such event, provision shall be made so that the Holder shall receive upon exercise of this Warrant, in addition to the number of Warrant Shares, the amount of such securities of the Company which would have been received if the
portion of the Warrant so exercised had been exercised for Warrant Shares on the date of such event, subject to adjustments subsequent to the date of such event with respect to such distributed securities which shall be on terms as nearly equivalent
as practicable to the adjustments provided in this Section 3 and all other adjustments under this Section 3. 
 3.4. Adjustment Upon Merger, Consolidation or Exchange. If at any time or from time to time after the issuance of this Warrant there is any merger, consolidation, arrangement or statutory share exchange of the Company with or into
any other person or company, then, in each such event, provision shall be made so that the Holder shall receive upon exercise of this Warrant the kind and amount of shares and other securities and property (including cash) which would have been
received upon such merger, consolidation, arrangement or statutory share exchange by the Holder if the portion of this Warrant so exercised had been exercised for Warrant Shares immediately prior to such merger, consolidation, arrangement or
statutory share exchange, subject to adjustments for events subsequent to the effective date of such merger, consolidation, arrangement or statutory share exchange with respect to such shares and other securities which shall be on terms as nearly
equivalent as practicable to the adjustments provided in this Section 3 and all other adjustments under this Section 3. 
 3.5. Adjustments for Recapitalization or Reclassification. If, at any time or from time to time after the issuance of this Warrant, the Warrant Shares issuable upon exercise of this Warrant are changed into the same or a different
number of securities of any class of the Company, whether by recapitalization, reclassification or otherwise (other than a merger, consolidation, arrangement or statutory share exchange provided for elsewhere in this Section 3), then, in each
such event, provision shall be made so that the Holder shall receive upon exercise of this Warrant the kind and amount of securities or other property which would have been received in connection with such recapitalization, reclassification or other
change by the Holder if the portion of this Warrant so exercised had been exercised immediately prior to such recapitalization, reclassification or change, subject to adjustments for events subsequent to the effective date of such recapitalization,
reclassification or other change with respect to such 

  

 4 

 
securities which shall be on terms as nearly equivalent as practicable to the adjustments provided in this Section 3 and all other adjustments under
this Section 3. 
 3.6. Extraordinary Dividends or Distributions. If, at any time or from time to time after the
issuance of this Warrant, the Company shall declare a dividend or any other distribution upon the Common Shares payable otherwise than out of current earnings, retained earnings or earned surplus and otherwise than in Common Shares, then the
Exercise Price in effect immediately prior to such declaration shall be reduced by an amount equal, in the case of a dividend or distribution in cash, to the amount thereof payable per Common Share or, in the case of any other dividend or
distribution, to the value thereof per Common Share at the time such dividend or distribution was declared, as determined by the Board of Directors of the Company in good faith. Such reductions shall take effect as of the date on which a record is
taken for the purposes of the subject dividend or distribution, or, if a record is not taken, the date as of which the holders of record of Common Shares entitled to such dividend or distribution are to be determined. 
 3.7 Adjustment Upon Certain Issuances of Common Stock. 
 (a) If the Company, at any time or from time to time, issues or sells any Additional Shares of Common Stock (as defined below), other than
as provided in the foregoing subsections of this Section 3, for a price per share (which, in the case of options, warrants, convertible securities or other rights, includes the amounts paid therefor plus the exercise price, conversion price or
other such amounts payable thereunder) that is less than $2.25 per share (such number to be subject to adjustment from time to time upon the occurrence of any of the events described in Section 3.2 above), then and in each such case, the then
applicable Exercise Price shall automatically be reduced as of the opening of business on the date of such issue or sale, to a price determined by multiplying the Exercise Price then in effect by a fraction (i) the numerator of which shall be
(A) the number of Common Shares deemed outstanding (as determined below) immediately prior to such issue or sale, plus (B) the number of Common Shares which the aggregate consideration received by the Company for the total number of
Additional Shares of Common Stock so issued would purchase at such Exercise Price, and (ii) the denominator of which shall be the number of Common Shares deemed outstanding (as defined below) immediately prior to such issue or sale plus the
total number of Additional Shares of Common Stock so issued; provided, however, that upon the expiration or other termination of options, warrants or other rights to purchase or acquire Common Shares which triggered any adjustment
under this Section 3.7, and upon the expiration or termination of the right to convert or exchange convertible or exchangeable securities (whether by reason of redemption or otherwise) which triggered any adjustment under this Section 3.7,
if any thereof shall not have been exercised, converted or exchanged, as applicable, the number of Common Shares deemed to be outstanding pursuant to this Section 3.7(a) shall be reduced by the number of shares as to which options, warrants,
and rights to purchase or acquire Common Shares shall have expired or terminated unexercised, and as to which conversion or exchange rights shall have expired or terminated unexercised, and such number of shares shall no longer be deemed to be
outstanding; and the Exercise Price then in effect shall forthwith be readjusted and thereafter be the price that it would have been had adjustment been made on the basis of the issuance only of the Common Shares actually issued. For purposes of the
preceding sentence, the number of Common Shares deemed to be outstanding as of a given date shall be the sum of (x) the number of Common 

  

 5 

 
Shares actually outstanding, (y) the number of Common Shares for which this Warrant could be exercised on the day immediately preceding the given date,
and (z) the number of Common Shares which could be obtained through the exercise or conversion of all other rights, options and convertible securities outstanding on the day immediately preceding the given date. “Additional Shares of
Common Stock” shall mean all Common Shares, and all options, warrants, convertible securities or other rights to purchase or acquire Common Shares, issued by the Company other than (i) Common Shares issued pursuant to the exercise of
options, warrants or convertible securities outstanding on the date hereof, or hereafter issued from time to time pursuant to and in accordance with stock purchase or stock option plans as in effect on the date hereof, (ii) warrants for up to
120,000 Common Shares which may hereafter be issued by the Company to Roth Capital and/or its affiliates as fees in connection with an equity offering by the Company which is consummated on or prior to September 30, 2006, and the Common Shares
which may be issued upon exercise of such warrants, (iii) Common Shares issued or issuable pursuant to the exercise of options granted from time to time under the Company’s director option program as in effect on the date hereof, provided
that such options granted in any calendar year shall not cover more than an aggregate of 175,000 Common Shares (such number to be subject to adjustment in accordance with Section 3.2 above) or have an exercise price less than the fair market
value of the underlying Common Shares at the date of the grant of such options, and (iv) Common Shares and/or options, warrants or other Common Share purchase rights for up to an aggregate of 1,500,000 Common Shares (such number to be subject
to adjustment in accordance with Section 3.2 above), where such options, warrants or other rights are issued both (A) with exercise prices per Common Share at the then-current fair market value of a Common Share, as determined in good
faith by the Board of Directors of the Company or the Compensation Committee thereof, and (B) to employees, officers or directors of, or consultants to, the Company or any subsidiary pursuant to stock purchase or stock option plans or other
arrangements that are approved by the Company’s Board of Directors or the Compensation Committee thereof, and by the Company’s stockholders; provided, however, that subsequent to stockholder approval of any such stock
purchase or stock option plan or other arrangement, the foregoing clause (iii) shall no longer be applicable and any director options shall be counted against the Common Shares covered by the foregoing clause (iv). 
 (b) In the event that the exercise price, conversion price, purchase price or other price at which Common Shares are purchasable pursuant
to any options, warrants, convertible securities or other rights to purchase or acquire Common Shares is reduced at any time or from time to time (other than under or by reason of provisions designed to protect against dilution), then, upon such
reduction becoming effective, the Exercise Price then in effect hereunder shall forthwith be decreased to such Exercise Price as would have been obtained had the adjustments made and required under this Section 3.7 upon the issuance of such
options, warrants, convertible securities or other rights been made upon the basis of (and the total consideration received therefor) (i) the issuance of the number of Common Shares theretofore actually delivered upon the exercise, conversion
or exchange of such options, warrants, convertible securities or other rights, (ii) the issuance of all of the Common Shares and all other options, warrants, convertible securities and other rights to purchase or acquire Common Shares issued
after the issuance of the modified options, warrants, convertible securities or other rights, and (iii) the original issuance at the time of the reduction of any such options, warrants, convertible securities or other rights then still
outstanding. 
  

 6 

 (c) In no event shall an adjustment under this Section 3.7 be made if it would
result in an increase in the then applicable Exercise Price. 
 3.8. Notice of Adjustment. Whenever the Exercise Price
and/or the number of Warrant Shares receivable upon exercise of this Warrant is adjusted, the Company shall promptly deliver to the Holder a certificate of adjustment, setting forth the Exercise Price and/or Warrant Shares issuable after adjustment,
a brief statement of the facts requiring the adjustment and the computation by which the adjustment was made. The certificate of adjustment shall be prima facie evidence of the correctness of the adjustment. 
 3.9. Successive Adjustments. The provisions of this Section 3 shall be applicable successively to each event described herein
which may occur subsequent to the issuance of this Warrant and prior to the exercise in full of this Warrant. 
 4. Registration; Exchange
and Replacement of Warrant; Reservation of Shares. The Company shall keep at the Designated Office a register in which the Company shall provide for the registration, transfer and exchange of this Warrant. The Company shall not at any time,
except upon the dissolution, liquidation or winding-up of the Company, close such register so as to result in preventing or delaying the exercise or transfer of this Warrant. 
 The Company may deem and treat the person in whose name this Warrant is registered as the Holder and owner hereof for all purposes and shall not be
affected by any notice to the contrary, until presentation of this Warrant for registration or transfer as provided in this Section 4. 
 Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant and (in case of loss, theft or destruction) of indemnity satisfactory to it, and (in the case of mutilation)
upon surrender and cancellation of this Warrant, the Company will (in the absence of notice to the Company that the Warrant has been acquired by a bona fide purchaser) make and deliver a new Warrant of like tenor in lieu of this Warrant, without
requiring the posting of any bond or the giving of any security. 
 The Company shall at all times reserve and keep available out of its
authorized shares of capital stock, solely for the purpose of issuance upon the exercise of this Warrant, such number of Common Shares as shall be issuable upon the exercise hereof. The Company covenants and agrees that, upon exercise of this
Warrant and payment of the Exercise Price therefor, if applicable, all Warrant Shares issuable upon such exercise shall be duly and validly authorized and issued, fully paid and non-assessable. 
 5. Investment Representations. The Holder, by accepting this Warrant, covenants and agrees that, at the time of exercise of this Warrant, if the
Warrant Shares shall not then be the subject of an effective registration statement under the Act, the securities acquired by the Holder upon exercise hereof are for the account of the Holder or are being acquired for its own account for investment
and are not acquired with a view to, or for sale in connection with, any distribution thereof (or any portion thereof) and with no present intention (at such time) of offering and distributing such securities (or any portion thereof), except in
compliance with applicable federal and state securities laws. 
  

 7 

 6. Fractional Warrants and Fractional Shares. If the number of Warrant Shares purchasable upon the
exercise of this Warrant is adjusted pursuant to Section 3 hereof, the Company shall nevertheless not be required to issue fractions of shares upon exercise of this Warrant or otherwise, or to distribute certificates that evidence fractional
shares. With respect to any fraction of a share called for upon any exercise hereof, the Company shall pay to the Holder an amount in cash equal to such fraction multiplied by the current market value of a Common Share (determined in accordance with
the last sentence of Section 1.3). 
 7. Warrant Holders Not Deemed Stockholders. No Holder of this Warrant shall, as such, be
entitled to vote or to receive dividends or be deemed the holder of Warrant Shares that may at any time be issuable upon exercise of this Warrant, nor shall anything contained herein be construed to confer upon the Holder of this Warrant, as such,
any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any
recapitalization, issue or reclassification of stock, change of par value or change of stock to no par value, consolidation, merger or conveyance or otherwise), or to receive notice of meetings, or subscription rights, until such Holder shall have
exercised this Warrant and been issued Warrant Shares or deemed to have been issued Warrant Shares in accordance with the provisions hereof. 
 8. Notices. Any notice which is required to be given by this Warrant must be in writing, and shall be given or served, unless otherwise expressly provided herein, by depositing the same in the United States Mail, postpaid and
certified and addressed to the party to be notified, with return receipt requested, or by delivering the same by courier or in person to such party (or, if the party or parties to be notified be incorporated, to an officer of such party). Notice
deposited in the mail, postpaid and certified with return receipt requested, shall be deemed received and effective upon the deposit in a proper United States depository. Notice given in any other manner shall be effective only if and when received
by the party to be notified. For the purposes of notice, the addresses of the parties for the receipt of notice hereunder are: 
 If to the
Company: 
 UCN, Inc. 
 14870
Pony Express Road 
 Bluffdale, Utah 84065 
 Attention: Chief Financial Officer 
 Tel No.: (801) 320-3300 
 Fax No.: (801) 715-5022 
 If to the
Holder: 
 ComVest Capital LLC 
 One North Clematis, Suite 300 
 West Palm Beach, Florida 33401 
 Attention: Chief Financial Officer 
 Telephone: (281) 468-0434 
 e-mail: larryl@comvest.com 
  

 8 

 Any party shall have the right from time to time, and at any time, to change its address for the receipt
of notice by giving at least five (5) days’ prior written notice of the change of its address to the other parties in the manner specified herein. 
 9. Successors. All the covenants, agreements, representations and warranties contained in this Warrant shall bind the parties hereto and their respective heirs, executors, administrators, distributees,
successors, assigns and transferees. 
 10. Law Governing. THIS WARRANT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES THEREOF. 
 11. Entire Agreement; Amendments and Waivers. This
Warrant, together with the Registration Rights Agreement of even date herewith executed by the Company for the benefit of the Holder, sets forth the entire understanding of the parties with respect to the subject matter hereof. The failure of any
party to seek redress for the violation or to insist upon the strict performance of any term of this Warrant shall not constitute a waiver of such term and such party shall be entitled to enforce such term without regard to such forbearance. This
Warrant may be amended, and any breach of or compliance with any covenant, agreement, warranty or representation may be waived, only if the Company has obtained the written consent or written waiver of the Holder, and then such consent or waiver
shall be effective only in the specific instance and for the specific purpose for which given. 
 12. Severability; Headings. If any
term of this Warrant as applied to any person or to any circumstance is prohibited, void, invalid or unenforceable in any jurisdiction, such term shall, as to such jurisdiction, be ineffective to the extent of such prohibition or invalidity without
in any way affecting any other term of this Warrant or affecting the validity or enforceability of this Warrant or of such provision in any other jurisdiction. The Section headings in this Warrant have been inserted for purposes of convenience only
and shall have no substantive effect. 
 [The remainder of this page is intentionally blank] 
  

 9 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed as of the
     day of May, 2006. 
  

					
	UCN, INC.
		
	By:	 	  
		 	 Name:
	 	 Paul Jarman

		 	 Title:
	 	 Chief Executive Officer

  

 10 

 ANNEX A 
 NOTICE OF EXERCISE 
 (To be executed upon partial or full 
 exercise of the within Warrant) 
 The
undersigned hereby irrevocably elects to exercise the right to purchase              shares of Common Stock of UCN, Inc. covered by the within Warrant according to the conditions
hereof and herewith makes payment of the Exercise Price of such shares in full in the amount of $            . 
  

			
		
	By:	 	  
		 	 (Signature of Registered Holder)

  

			
		
	 Dated:
	 	  

 ANNEX B 
 CASHLESS EXERCISE FORM 
 (To be executed upon partial or full 
 exercise of Warrants pursuant to Section 1.3 of the Warrant) 
 The undersigned hereby irrevocably elects to surrender              shares of Common Stock of UCN, Inc. purchasable under the Warrants for such shares
of Common Stock issuable in exchange therefor pursuant to the Cashless Exercise provisions of the within Warrants, as provided for in Section 1.3 of such Warrant. 
 Please issue a certificate or certificates for such Common Stock in the name of, and pay cash for fractional shares in the name of: 
 (Please print name, address, and social security number/tax identification number:) 
 and, if said number of shares of
Common Stock shall not be all the shares of Common Stock purchasable thereunder, that a new Warrant for the balance remaining of the shares of Common Stock purchasable under the within Warrants be registered in the name of the undersigned Holder or
its transferee as below indicated and delivered to the address stated below. 
  

			
		
	 Dated:
	 	  

  

					
	 Name of Warrant Holder
 or transferee:
	  	  
		  	(Please print)
	 Address:
	  	  
	 Signature:
	  	  

  

	NOTICE:	The signature on this form must correspond with the name as written upon the face of this Warrant in every particular, without alteration or enlargement or any change whatsoever.

 ANNEX C 
 ASSIGNMENT FORM 
 FOR VALUE RECEIVED the undersigned registered owner of this Warrant hereby sells,
assigns and transfers unto the Assignee named below all of the rights of the undersigned under this Warrant, with respect to the number of shares of Common Stock set forth below: 
  

			
	 Name and Address of Assignee
	  	 No. of Shares of
 Common
Stock

 and does hereby irrevocably constitute and appoint
             attorney-in-fact to register such transfer onto the books of UCN, Inc. maintained for the purpose, with full power of substitution in the premises. 
  

									
					
	 Dated:
	 	  	 		 	 Print Name:
	 	  
					
		 		 		 	 Signature:
	 	  
					
		 		 		 	 Witness:
	 	  

  

	NOTICE:	The signature on this assignment must correspond with the name as written upon the face of this Warrant in every particular, without alteration or enlargement or any change
whatsoever.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]