Document:

Exhibit 10.29

EMPLOYMENT AGREEMENT

THIS
EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered
into by and between Datalink Corporation, a Minnesota corporation (the “Company”), and Robert R. Beyer (the
“Executive”) effective as of the     th
day of February, 2007.

R E C I T A L S :

WHEREAS, the Company is a leading provider of data
storage products and solutions;  and

WHEREAS,
the Company and the Executive desire to set forth in this Agreement the terms
under which Executive will serve as Vice President of Field Operations of the
Company;

NOW,
THEREFORE, the parties hereto agree as follows:

1.             Employment and Duties.  The Company hereby agrees to employ the
Executive, and the Executive hereby accepts the Company’s offer to serve, as
Vice President of Field Operations of the Company.  As such, the Executive shall have
responsibilities, duties and authority reasonably accorded to and expected of
such an officer of the Company and will report to the Company’s President and
Chief Executive Officer. The Executive agrees to devote the Executive’s full
business time, attention and efforts to promote and further the business of the
Company.  The Executive will faithfully
adhere to, execute and fulfill all policies established by the Board.

The Executive
will not, during the Term of Executive’s employment hereunder, be engaged in
any other business activity pursued for gain, profit or other pecuniary
advantage if such activity interferes with the Executive’s duties and
responsibilities hereunder.  The
foregoing limitations will not be construed to prohibit the Executive from
making personal investments in such form or manner as will neither require the
Executive’s services in the operation or affairs of the companies or
enterprises in which such investments are made nor violate the terms of Section
4 hereof.

2.             Compensation.  For all services rendered by the Executive on
and after the date hereof, the Company will compensate the Executive as
follows:

(a)           Base Salary.  Commencing on the date hereof, the base
salary payable to the Executive shall be $250,000 per year, payable on a
regular basis in accordance with the Company’s standard payroll procedures but
not less than semi-monthly.  Such base
salary will be subject to review and adjustment from time to time by the Company’s
Compensation Committee (the “Compensation Committee”).

(b)           Incentive Bonus Plan.  During the Term, the Executive is entitled to
an annual cash bonus (the “Annual Bonus”)
based on attainment of particular financial and business milestones (the “Performance Milestones”).  The Annual Bonus for attainment of 100% of
the 

Performance Milestones for a particular
year is $125,000, subject to review and adjustment from time to time by the
Compensation Committee.

(i)            Performance Milestones.  The Executive and the Company shall mutually
agree upon the Performance Milestones for each fiscal year by March 1 of each
year (except as to the balance of 2007, by April 30, 2007), and the level of
Annual Bonus payable for any partial or excess achievement of the Performance
Milestones.  In the event of any
disagreement, the Compensation Committee will determine the percentage of the
annual Performance Milestone targets achieved by the Executive.

(ii)           Payment.  Each Annual Bonus amount is payable within 15
days of the completion of the audit of the Company’s financial statements for
the related fiscal year and the public announcement (by issuance of a press
release and/or filing of information on a periodic, quarterly or annual report
with the U.S. Securities and Exchange Commission) of the financial results
related thereto.

(c)           Executive Perquisites,
Benefits and Other Compensation. 
Commencing on the date hereof, the Executive shall be entitled to
receive additional benefits and compensation from the Company in such form and
to such extent as provided to other senior executive officers from time to
time.  Initially, these additional items
are specified below:

(i)            A $500.00 per month car allowance
and reimbursement for use of a corporate cell phone, all in accordance with
Company policy.

(ii)           Reimbursement for all business travel
and other out-of-pocket expenses reasonably incurred by the Executive in the
performance of the Executive’s services pursuant to this Agreement.  All reimbursable expenses shall be
appropriately documented in reasonable detail by the Executive upon submission
of any request for reimbursement, and in a format and manner consistent with
the Company’s expense reporting policy.

3.             Grant of Restricted Stock.  In
further consideration of this Agreement, the Company hereby awards to the
Executive a total of 75,000 shares of common stock, par value $.001 per share,
of the Company (the “Common Stock”), subject to the conditions and restrictions
set forth below (the “Restricted Stock”).

(a)           Rights Regarding Restricted
Stock.  The Restricted Stock issued to the Executive shall
constitute issued and outstanding shares of the Company’s Common Stock for all
corporate purposes.  Except as provided by Section 3(b) below, the
Executive will have the right to (a) vote the Restricted Stock, (b) receive and
retain dividends and distributions, if any, that the Company designates, pays
and distributes generally with respect to its Common Stock and (c) exercise all
other rights, powers and privileges of a holder of Common Stock with respect to
such Restricted Stock.

(b)           Restrictions on
Restricted Stock.  Despite the above, the Executive’s
rights to fully enjoy the ownership of the Restricted Stock are subject to the
Executive’s vesting in the 

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Restricted Stock as provided
by Section 3(c) below.  Pending such vesting, the Executive’s ownership of
the Restricted Stock is subject to the following:

               
                (i)            Company Retention of
Unvested Restricted Stock.  When issuing the Restricted
Stock, the Company shall register the Restricted Stock in the name of the
Executive, but shall hold the stock certificate, together with a stock power
endorsed by the Executive in blank, pending vesting by the Executive in all or
a portion of the Restricted Stock.  If at the end or during the four years
from and after the date hereof (such period being the “Restricted
Period”), the Executive vests in all or a portion of the
Restricted Stock, the Company will promptly reissue a certificate representing
the vested portion of the Restricted Stock and deliver such certificate to the
Executive.  Any such reissued certificate shall contain a legend
prohibiting sale or other transfer of the shares of Common Stock without
registration under the Securities Act of 1933, as amended (the “Securities Act”) or an exemption
therefrom.

(ii)           Company Retention of
Dividends and Distributions on Unvested Restricted Stock. 
In the event that the Company declares and pays a dividend or other
distribution on its Common Stock, the Company shall retain custody of all such
dividends and distributions (the “Retained Distributions”) made
or declared with respect to the unvested portion of the Restricted Stock. 
The Company is not required to segregate the Retained Distributions in a
separate or interest-bearing account, but payment thereof by the Company upon
vesting of the Restricted Stock shall be a general, unsecured obligation of the
Company.  If at the end or during the Restricted Period, the Executive
vests in all or a portion of the Restricted Stock, the Company shall promptly
pay or distribute to the Executive (without any interest) the portion of the
Retained Distributions held by the Company that relate to the vested portion of
the Restricted Stock.

(iii)          Restriction on
Transfer of Restricted Stock.  Except for a transfer
without consideration to a trust for the benefit of the Executive and/or the
Executive’s spouse and children (and then only if the trust agrees to be bound
by the restrictions of this Agreement on the Restricted Stock so transferred),
the Executive may not sell, assign, transfer, pledge, exchange, encumber or
dispose of the Restricted Stock or any Retained Distributions or the Executive’s
interest in any of them until vested therein.

(c)           Vesting of Restricted
Stock.  The Executive will vest in all or a portion of the
Restricted Stock (and the Retained Distributions, if any, related thereto), as
follows:

(i)            Service-Based
Vesting.  The Executive will vest in 50% of the Restricted
Stock (and the Retained Distributions, if any, related thereto) on the second
anniversary hereof if the Executive has been employed with the Company
continuously from the date hereof to such date. 
The Executive will vest in an additional 25% of the Restricted Stock
(and the Retained Distributions, if any, related thereto) on the third
anniversary hereof if the Executive has been employed with the Company
continuously from the date hereof to such date. 
The Executive will vest in the last 25% of the Restricted Stock (and the
Retained Distributions, if any, related thereto) on the last date of the
Restricted Period if the Executive has been employed with the Company
continuously from the date hereof to such date.

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(ii)           Vesting Upon Termination
by the Company Without Cause or by the Executive For Good Reason.  If during the Term hereof (as defined in
Section 5 below), the Company terminates the Executive’s employment without
Cause (as defined in Section 5(c) below), or if during the Term hereof, the
Executive terminates employment with the Company for Good Reason (as defined in
Section 5(d) below), and subject to Section 5(f) below, the Executive will vest
in all of the Restricted Stock (and the Retained Distributions, if any, related
thereto).

(iii)          Vesting Upon a Change of
Control.  Subject to
Section 5(f) below, all of the Restricted Stock (and all Retained
Distributions, if any) will vest upon a Change of Control event (as defined
below) that occurs during the Term hereof, but only if (i) the Executive has
been employed with the Company continuously from the date hereof to the date of
the Change of Control and (ii) the Change of Control Price (as defined below)
exceeds $        (the closing price of the
Company’s Common Stock on the date hereof).  However, if the Change of
Control event is an event described in Section 3(c)(iii)(A)(2) below, then
(subject to Section 5(f) below) vesting under this Section 3(c)(iii) will occur
if the Executive has been employed with the Company continuously from the date
hereof to the date of the Change of Control, regardless of the Change of Control
Price.

(A)          Change of Control.  A “Change of Control”
means the happening of any of the following events:

(1)           An acquisition of outstanding or newly issued Company
securities that results in any individual, entity or group within the meaning
of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1933, as
amended (a “Person,” with such Act being
the “Exchange Act”) having beneficial
ownership within the meaning of Rule 13d-3 under the Exchange Act (“Beneficial Ownership”) of more than
50% (other than any Person who, as of the date hereof, already has Beneficial
Ownership of at least 25%) of either (x) the then outstanding shares of the
Company’s Common Stock (the “Outstanding Company
Common Stock”) or (y) the combined voting power of the then outstanding
voting securities of the Company entitled to vote generally in the election of
directors (the “Outstanding Company Voting Securities”); 
or

(2)           A change in the composition of the Board in connection with a tender or exchange offer, a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company or the acquisition of assets of another corporation (a “Corporate Transaction”) or a direct purchase of securities from the Company such that (i) the individuals who, as of the date hereof, constitute the members of the Board (the “Incumbent Board,” it being intended that the Executive is not considered a member of the Incumbent Board at the date hereof) cease to constitute at least a majority of the Board or (ii) a majority of the individuals who, as of the date hereof, constitute the Incumbent Board resign or are removed from the Board;  provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial 

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assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents;  or

(3)           The approval by the shareholders of the Company of a
Corporate Transaction or, if consummation of such Corporate Transaction is
subject, at the time of such approval by shareholders, to the consent of any
government or governmental agency, the obtaining of such consent (either
explicitly or implicitly by consummation);  excluding, however, such a
Corporate Transaction pursuant to which (1) all or substantially all of the
Beneficial Owners of the Outstanding Company Common Stock and Outstanding
Company Voting Securities immediately prior to such Corporate Transaction will
Beneficially Own, directly or indirectly, more than 50% of the outstanding
shares of common stock, or more than 50% of the combined voting power of the
then outstanding voting securities entitled to vote generally in the election
of directors, of the company resulting from such Corporate Transaction
(including, without limitation, a corporation which as a result of such
transaction owns the Company or all or substantially all of the Company’s
assets either directly or through one or more subsidiaries) in substantially
the same proportions as their ownership, immediately prior to such Corporate
Transaction, of the Outstanding Company Common Stock and Outstanding Company
Voting Securities, as the case may be, (2) no Person (other than the Company,
any employee benefit plan (or related trust) sponsored or maintained by the
Company or any corporation controlled by the Company or such corporation resulting
from such Corporate Transaction) will Beneficially Own, directly or indirectly,
20% or more of, respectively, the outstanding shares of common stock of the
corporation resulting from such Corporate Transaction or the combined voting
power of the outstanding voting securities of such corporation entitled to vote
generally in the election of directors except to the extent that such ownership
existed with respect to the Company prior to the Corporate Transaction and (3)
individuals who were members of the Incumbent Board will constitute at least a
majority of the board of directors of the corporation resulting from such
Corporate Transaction;  or

(4)           The approval by the shareholders of the Company of a
complete liquidation or dissolution of the Company.

Despite all of
the foregoing, no Change in Control is deemed to have occurred with respect to
the Executive if the Executive is part of a purchasing group which consummates
the Change in Control transaction.  The
Executive is deemed “part of a purchasing group” for purposes of the preceding
sentence if the Executive is an equity participant in the purchasing company or
group except for (i) passive ownership of less than three percent (3%) of the
stock of the purchasing company or (ii) ownership of an equity participation in
the purchasing company or group which is otherwise not significant, as
determined prior to the Change in Control by a majority of the Incumbent Board.

(B)          Change of Control Price.  “Change of
Control Price” means the higher of (i) the highest reported closing
price of a share of Common Stock in any transaction reported on the Nasdaq
Stock Market during the 30-day period prior to and including the date of a
Change of Control or (ii) if the Change of Control is the result of a tender or
exchange offer, a Corporate Transaction or a direct purchase of securities from
the Company, the highest price per 

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share of Common Stock paid
in such tender or exchange offer, Corporate Transaction or direct purchase of
securities.

If the Change of Control is the result of a direct
purchase of securities from the Company for a consideration consisting in whole
or in part other than cash, then:

(i)            insofar
as the purchase consideration consists of securities and the value of such
securities is not determinable by reference to a separate agreement, (A) if the
securities are then traded on a national securities exchange or the Nasdaq
Stock Market (or a similar national quotation system), then the value shall be
computed based on the average of the closing prices of the securities on such
exchange or system over the thirty (30)-day period ending on the date of
receipt by the Company, (B) if the securities are actively traded
over-the-counter, then the value shall be computed based on the average of the
closing bid prices over the thirty (30) day ending on the date of receipt by
the Company and (C) if there is no active public market, then the value shall
be computed based on the fair market value thereof on the date of receipt by
the Company, as determined in good faith by the Board and

(ii)           insofar
as the purchase consideration consists of property other than cash and
securities, then the value shall be computed at the fair market value thereof
at the time of such issuance, as determined in good faith by the Board.

(d)           Effect
of Termination of Service.  In the event the
Executive’s employment with the Company ceases for any reason whatsoever
(except upon a termination of employment by the Company without Cause, a
termination of employment by the Executive with Good Reason or upon Change of
Control), all Restricted Stock awarded to the Executive (and the related
Retained Distributions, if any) that has not previously vested shall be
forfeited as of the date of such termination.

(e)           Other
Cancellation of Unvested Restricted Stock and Retained Distributions.  The
Company will cancel any Restricted Stock and Retained Distributions that the
Executive has not vested in by the last day of the Restricted Period.  In
addition, if the Compensation Committee determines that the Executive has
materially breached any of the provisions, restrictions, terms or conditions of
this Agreement or as established by the Compensation Committee with respect to
any Restricted Stock or Retained Distributions, the Executive will forfeit all then
Beneficially Owned Restricted Stock and Retained Distributions.

(f)            No
Code Section 83(b) Election.  The Executive shall
not make an election, under Section 83(b) of the Internal Revenue Code of 1986,
as amended (the “Code”), to include an amount
in income in respect of the Restricted Stock.

(g)           Non-Alienation
of Benefits.  Other than pursuant to a qualified domestic
relations order, no right or benefit under this Section 3 shall be subject to
transfer, anticipation, alienation, sale, assignment, pledge, encumbrance or
charge, whether voluntary, involuntary or by operation of law, and any attempt
to transfer, anticipate, alienate, sell, assign, pledge, encumber or charge the
same shall be void.

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(h)           Subscription
Representations;  Transfer Restrictions.  The Executive understands that the Restricted
Stock constitutes “restricted securities” within the meaning of the Securities
Act.  Accordingly, even if the Executive
is fully vested in the Restricted Stock, the Executive may never be able to
resell the underlying shares for a profit, or at all.  In any event, the Executive will be able to
resell or otherwise transfer the Restricted Stock only if the sale or other
transfer is registered under the Securities Act and applicable state securities
laws or there is an available exemption from this registration.  The Executive confirms that the Executive can
bear the loss of the Executive’s entire investment in the Company.

(i)            Lock-Up Agreement.  The Executive agrees that, in the event of
each future public offering of the Company’s equity securities (an “Offering”), the Executive will
agree to such restrictions on the resale of any shares of the Company’s Common
Stock (including the Restricted Stock) then beneficially owned by Executive as
requested by the managing underwriter or underwriters of the Offering;  provided, however, that such restrictions run
no longer than the period of resale restriction imposed by such underwriters on
the Company’s other executive officers and directors.  The Executive agrees not to sell or otherwise
transfer (including upon death) any of the shares of Common Stock (including
the shares of Restricted Stock) beneficially owned by the Executive, unless the
purchaser or recipient agrees in writing to be bound by the foregoing lock-up
agreement.

(j)            Stock Certificate
Restrictions.  The
Executive acknowledges that the Company will place a restrictive legend on any
certificate representing the Restricted Stock, and a “stop transfer order” with
any transfer agent of the Company’s securities, barring the sale or other
transfer of such shares except in compliance with this Agreement and without
registration under the Securities Act or an exemption therefrom, and noting the
existence of the lock-up agreement above.

(k)           Future Grants of Equity
Securities.  Future grants
of restricted stock, stock options or other equity securities, if any, will be
governed by the terms of the grant agreement to which the future grant relates,
and not by this Agreement.

4.             Non-Competition
and Non-Solicitation.

(a)           Basic Terms.  In consideration of this Agreement (including
the Restricted Stock grant hereunder), the Executive will not, during the
period of the Executive’s employment with the Company and for a period of one
(1) year immediately following the termination of the Executive’s employment
under this Agreement, for any reason whatsoever, directly or indirectly, for
the Executive
or on behalf of or in conjunction with any other person, firm, entity, company,
business, partnership, corporation, limited liability company or limited
liability partnership of whatever nature:

(i)            engage,
as an officer, director, shareholder, owner, partner, joint venturer or in
a  managerial capacity, whether as an
employee, independent contractor, consultant or advisor or as a sales representative
or executive, in any business that, at the date of the Executive’s termination
of employment, manufactures, markets and/or sells data storage 

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hardware and/or data storage software
products and/or services in competition with the Company in the United States;

(ii)           recruit,
solicit, hire or induce, or attempt to recruit, hire or induce, any employee or
employees to terminate employment or otherwise cease his, her or their
relationship with the Company;

(iii)          solicit,
divert or take away, or attempt to solicit, divert or to take away, the data
storage hardware and/or software products and/or services business or
patronage of any of the Company’s actual or prospective clients, customers or
accounts contracted, solicited or served by the Company during Executive’s
employment;  or

(iv)          call upon or solicit any prospective acquisition candidate
or individual or groups of employees of other organizations, which, to the
Executive’s actual knowledge after due inquiry, the Company has called upon or
for which the Company has made an acquisition or hiring analysis, for the
purpose of acquiring such entity or its assets or hiring such individuals.

Notwithstanding the above,
the Executive may acquire as a passive investment not more than three percent
(3%) of the capital stock of a competing business, whose stock is traded on a
national securities exchange or over-the-counter.

(b)           Equitable Relief.  Because of the difficulty of measuring
economic losses to the Company as a result of a breach of the foregoing
covenants, and because of the immediate and irreparable damage that could be
caused to the Company for which it would have no other adequate remedy, the
Executive agrees that the foregoing covenants may be enforced by the Company in
the event of breach by the Executive by injunctions and restraining orders.

(c)           Severability and/or
Reformation.  The
covenants in this Section 4 are severable and separate, and the
unenforceability of any specific covenant shall not affect the provisions of
any other covenant.  Moreover, in the
event any court of competent jurisdiction determines that the scope, time or
territorial restrictions set forth are unreasonable, then it is the intention
of the parties that such restrictions be enforced to the fullest extent which
the court deems reasonable, and the Agreement shall be reformed in accordance
therewith.

(d)           Independently Enforceable.  All of the covenants in this Section 4 shall
be construed as an agreement independent of any other provision in this
Agreement, and the existence of any claim or cause of action of the Executive
against the Company, whether predicated on this Agreement or otherwise, shall
not constitute a defense to the enforcement by the Company of such
covenants.  It is specifically agreed
that the period of one (1) year following termination of employment stated at
the beginning of this Section 4, during which the agreements and covenants of
the Executive made in this Section 4 shall be effective, shall be computed by
excluding from such computation any time during which the Executive is in
violation of any provision of this Section 4.

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5.             Term; 
Termination;  Rights on
Termination.

The term of
Executive’s employment under this Agreement (the “Term”)
begins on the date hereof and continues through the earlier to occur of (i) the
second anniversary of the date hereof or (ii) the first day of the month next
following the Executive’s 65th birthday (the “Normal
Retirement Date”); 
provided, however, that on the second anniversary of the date hereof,
and on each successive second anniversary thereafter (such date and each second
anniversary thereof shall be hereinafter referred to as the “Renewal Date”), the Term will
automatically extend so as to terminate on the earlier of (x) two years from
such Renewal Date or (y) the Executive’s Normal Retirement Date, unless at
least 90 days prior to the Renewal Date, the Company gives written notice to
the Executive that the Company is not extending the Term.  Despite the Term, this Agreement and the Executive’s
employment may be terminated in any one of the following ways:

(a)           Termination Upon Death.  The Executive’s death will immediately
terminate this Agreement.  The Company
will pay the Executive’s estate any of Executive’s accrued base salary and any
earned, but unpaid, Annual Bonus (at the time otherwise payable under this
Agreement) through the date of termination and reimbursement of expenses.  The Executive’s estate will forfeit any
Restricted Stock (and the related Retained Distributions) not vested in the
Executive as of the date of the Executive’s death.

(b)           Termination on Account of
Disability.  If, as a
result of incapacity due to physical or mental illness or injury, as reasonably
determined by the Executive’s physician, the Executive is absent from the
Executive’s full-time duties hereunder for ninety (90) days, then thirty (30)
days after receiving written notice (which notice may occur before or after the
end of such 90-day period, but which will not be effective earlier than the
last day of such 90-day period), the Company may terminate the Executive’s
employment hereunder;  provided that the
Executive is unable to resume the Executive’s full-time duties at the
conclusion of such notice period.  The
Company will pay the Executive any of the Executive’s accrued base salary and
any earned, but unpaid, Annual Bonus (at the time otherwise payable under this
Agreement) through the date of termination and reimbursement of expenses.  The Executive will forfeit any Restricted
Stock (and the related Retained Distributions) not vested as of the date of
termination.  For a period of 18 months
following the date of termination, the Company will make available to the
Executive and the Executive’s eligible family members, at the Executive’s sole
expense, health insurance continuation coverage pursuant to Section 4980B of
the Code, Sections 601-608 of the Employee Retirement Income Security Act of
1974, as amended, and under any other applicable law, to the extent required by
such laws (“COBRA Coverage”).

(c)           Termination by the Company
for Cause.  The Company
may terminate this Agreement at any time for Cause upon written notice to the
Executive.  For purposes of this
Agreement, “Cause” is (i) the Executive’s
willful, material and irreparable breach of this Agreement;  (ii) the Executive’s gross negligence in the
performance or intentional nonperformance (continuing for thirty (30) days
after receipt of written notice of need to cure) of any of the Executive’s
material duties and responsibilities under this Agreement;  (iii) the Executive’s willful dishonesty,
fraud or misconduct with respect to the business or affairs of the
Company;  or (iv) the Executive’s
conviction of a felony crime.  Upon any
termination for Cause, the Executive will receive no severance compensation
other than base salary accrued through the date of termination and
reimbursement of expenses.  The Executive
will forfeit any 

 9
 

Restricted Stock (and the related
Retained Distributions) not vested as of the date of termination.  Without limiting the scope of Section 3(e)
above, the Compensation Committee also may deem the Executive’s termination for
Cause as a reason pursuant to Section 3(e) for the Executive’s forfeiture of
all vested shares of Restricted Stock (and any related Retained Distributions)
then Beneficially Owned by the Executive. 
For a period of 18 months following the date of termination, the Company
will make COBRA Coverage available to the Executive and the Executive’s
eligible family members, at the Executive’s sole expense.

(d)           Termination by the Company
Without Cause or by the Executive for Good Reason.  At any time, either the Executive or the
Company may terminate this Agreement and the Executive’s employment, effective
thirty (30) days after written notice is provided to the other.  If the Company terminates the Executive’s
employment without Cause or if the Executive resigns employment for Good Reason
(as defined below), the Executive will receive from the Company, subject to
Section 5(f) below, (i) any base salary accrued through the date of termination
and reimbursement of expenses, (ii) any earned, but unpaid, Annual Bonus (at
the time otherwise payable under this Agreement) through the date of
termination and (iii) a single, lump sum payment equal to one year of the
Executive’s base salary.  Subject to
Section 5(f) below, the Executive also will vest in all then unvested
Restricted Stock (and the related Retained Distributions) as provided by
Section 3(c)(ii) above.  For a period of
18 months following the date of termination, the Company will make COBRA
Coverage available to the Executive and the Executive’s eligible family
members.  Subject to Section 5(f) below,
the Company will directly pay, or will reimburse the Executive for, the first
one year of premiums for the COBRA Coverage. 
However, if the Executive becomes re-employed with another employer and
is eligible to receive any health insurance benefits under another employer’s
plans, the Company’s obligations to pay or reimburse for medical and dental
insurance benefits under this Section 5(d) shall terminate.  COBRA Coverage extending beyond the first
year after the Executive’s date of termination will be at the Executive’s sole
expense.

For purposes of
this Agreement, each of the following is a “Good Reason”
for the Executive to terminate employment with the Company:  (i) the Company’s imposition of material and
adverse changes, without the Executive’s consent, in the Executive’s principal
duties (including upon a Change of Control); 
(ii) the Company’s move (including upon a Change of Control) of its
principal executive offices more than 50 miles from its current location
without the Executive’s consent;  and
(iii) the reduction by the Company (including upon a Change of Control) in the
Executive’s base salary without the Executive’s consent by more than the
weighted average percentage reduction made contemporaneously by the Company of
the base salaries all other executive officers. 
Despite the foregoing, if within the 30-day period after receiving the
Executive’s notice of intent to terminate employment on account of Good Reason,
the Company corrects the deficiency giving rise to such notice, a subsequent
resignation by the Executive will not constitute a termination for Good Reason
(without a new event giving rise therefor).

(e)           Termination in Connection
with a Change of Control. 
Notwithstanding the other provisions of this Section 5, if during the
Term of this Agreement, (x) the Company terminates the Executive’s employment
in anticipation of, in connection with, at the time of or within one year after
a Change of Control or (y) the Executive resigns employment with the 

 10
 

Company for Good Reason arising in
anticipation of, in connection with, at the time of or within one year after a
Change of Control, the Executive will receive from the Company, subject to
Section 5(f) below, (i) any base salary accrued through the date of termination
and reimbursement of expenses, (ii) any earned, but unpaid, Annual Bonus (at
the time otherwise payable under this Agreement) through the date of termination
and (iii) a single, lump sum payment equal to one year of the Executive’s base
salary.  Subject to Section 5(f) below,
the Executive also will vest in all then unvested Restricted Stock (and the
related Retained Distributions) to the extent provided by Section 3(c)(iii)
above.  For a period of 18 months
following the date of termination, the Company will make COBRA Coverage
available to the Executive and the Executive’s eligible family members.  Subject to Section 5(f) below, the Company
will directly pay, or will reimburse the Executive for, the first one year of
premiums for the COBRA Coverage. 
However, if the Executive becomes re-employed with another employer and
is eligible to receive any health insurance benefits under another employer’s
plans, the Company’s obligations to pay or reimburse for medical and dental
insurance benefits under this Section 5(e) shall terminate.  COBRA Coverage extending beyond the first
year after the Executive’s date of termination will be at the Executive’s sole
expense.

(f)            Prerequisites to Severance
Benefits;  Timing of Cash Payments.  The Company’s obligations to make cash
payments, and the vesting of Restricted Stock (and the related Retained
Distributions), under this Section 5 are subject to the following:

(i)            the
Executive must execute and deliver to the Company a release in the form
attached as Exhibit A (the “Release”)
and must not revoke it and

(ii)           the
Executive must continuously comply with the provisions of this Agreement
(including the non-competition and non-solicitation provisions of Section 4
above).

The
Company will pay the lump sum cash severance amounts under Section 5(d) or 5(e)
above on the first day of the month following the Executive’s date of
termination (or, if later, five business days after
expiration of any period for revocation under the Release).

6.             Tax Withholdings.  The Company may withhold from any amounts
payable under this Agreement such federal, state, local or foreign taxes as
shall be required to be withheld pursuant to any applicable law or
regulation.  The Executive may satisfy
withholding obligations relating to the vesting of Restricted Stock by
instructing the Company to retain and cancel a number of shares of Common Stock
having a Market Price on the date of termination (or as of the immediately
preceding business day if the date of termination is not a business day) equal
to the withholding tax obligation amount. 
The term “Market Price” with respect
to shares of Common Stock means the closing price on the Nasdaq Stock Market or,
if none, the average of the last reported closing bid and asked prices on any
other national or regional securities exchange or as quoted in the National
Association of Securities Dealers, Inc.’s Automated Quotations System (“Nasdaq”),
or if not listed on a national or regional securities exchange or quoted in
Nasdaq, the closing price as reported by bigcharts.com (or if this service is
discontinued, such other reporting service acceptable to the Company), or if no
quotations in such Common Stock are available, the fair market value of the
shares as determined in good faith by the Board.

 11
 

7.             Reduction to Avoid
Excise Tax.  If any payment or distribution to or for the
benefit of the Executive (whether paid or payable or distributed or
distributable) pursuant to the terms of this Agreement or otherwise (a “Payment”)
would constitute a “parachute payment” within the meaning of Section 280G of
the Code, the Payment shall be reduced to the extent necessary so that no
portion of the Payment is subject to the excise tax imposed by Section 4999 of
the Code, together with any interest or penalties imposed with respect to such
excise tax, but only if, by reason of such reduction, the net after-tax benefit
to the Executive shall equal or exceed the net after-tax benefit to the
Executive if no reduction was made.  Subject to the next paragraph, the
Company shall afford the Executive an opportunity to select a reduction of cash
or non-cash items, or a combination of both, to reduce the excess Payment.

All determinations required
to be made under this Section 7, including whether a reduction of any Payment
is required and the assumptions to be utilized in arriving at such
determination, shall be made by the Company’s independent registered public
accountants serving immediately prior to the Change in Control, or such other
nationally recognized accounting firm as may be agreed by the Company and the
Executive (the “Accounting Firm”);  provided, that the Accounting
Firm’s determination shall be made based upon “substantial authority” within
the meaning of Section 6662 of the Code.  Any determination by the
Accounting Firm hereunder shall be binding upon the Company and the Executive.

8.             Return of Company Property.  All records, designs, trade names and
trademarks, service names and service marks, patents, business plans, financial
statements, manuals, memoranda, customer and other lists and other property
delivered to or compiled by the Executive by or on behalf of the Company, or
its representatives, vendors or customers which pertain to the business of the
Company are and will remain the property of the Company, and be subject at all
times to its discretion and control. 
Likewise, all correspondence, reports, records, charts, advertising and
marketing materials and other similar data pertaining to the business,
activities or future plans of the Company which is collected by or in the
possession of the Executive shall be delivered promptly to the Company without
request by it upon termination of the Executive’s employment.  Further, upon any termination of employment,
the Executive shall return any Company computer (without deleting or tampering
with information thereon) and any other physical property of the Company.

9.             Inventions.  The Executive will disclose promptly to the
Company any and all significant conceptions and ideas for inventions,
improvements and valuable discoveries, whether patentable or not, which are
conceived or made by the Executive, solely or jointly with another, during the
period of employment, and which are directly related to the business or
activities of the Company and which the Executive conceives as a result of the
Executive’s employment by the Company. 
The Executive hereby assigns and agrees to assign all of the Executive’s
interests therein to the Company or its nominee.  Whenever requested to do so by the Company,
the Executive will execute any and all applications, assignments or other
instruments that the Company shall deem necessary to apply for and obtain
letters patent of the United States or any foreign country or to otherwise
protect the Company’s interest therein. 
Nothing in this Agreement shall apply to an invention for which no
equipment, supplies, facility or trade secret information of the Company was
used and which was developed entirely on the Executive’s own time and (i) which
does not relate (a) directly to the business of the Company or (b) to the 

 12
 

Company’s actual or demonstrably
anticipated research or development or (ii) which does not result from any work
performed by the Executive for the Company.

10.          Confidentiality.  In consideration
of this Agreement, the Executive agrees to not at any time use or, other than
as required by court order, disclose, or permit use or disclosure of, any of
the Company’s confidential information or trade secrets.  This includes
all knowledge and information that Executive acquires during employment with
the Company which relates to the business, developments, activities, products
and services or financial affairs of the Company or any individual or firm that
is engaged in or has done business with the Company.  This also includes
any information or compilation of information that derives independent economic
value from not being generally known or readily ascertainable by proper means
by other persons and which relates to any aspect of the Company’s business,
including, but not limited to:  trade secrets within the meaning of the
Minnesota Trade Secrets Act, customer lists, customer information, costs and
selling prices, payment and credit information, customer profiles and analysis,
prospect tracking recording, financial information, budget and financial plans,
costing, pricing, billing information, tax data, sales and marketing
information, business strategies and plans, technical information including
software, research, product/product development information, personnel
information such as salaries, phone numbers, titles, benefits, bonuses,
employment histories, shareholder information and stock data and any
discoveries, inventions, ideas, methods, products, equipment, developments,
improvements or programs which the Company holds confidential and has not
publicly disclosed.  Despite the above, the Executive is not obliged to
maintain the confidentiality of information that is or becomes public other
than as a result of acts by or through the Executive or that the Executive
independently obtains from a third party having no duty of confidentiality to
the Company.

11.          Indemnification; 
Directors’ and Officers’ Insurance.  The Executive shall have the benefit of
indemnification to the fullest extent permitted by applicable law, which
indemnification shall continue after the termination of this Agreement for such
period as may be necessary to continue to indemnify Executive for acts or
omissions during the Term hereof to the fullest extent permitted by applicable
law.

12.          Complete Agreement.  This Agreement supersedes any other
agreements or understandings, written or oral, between the Company and the
Executive, and the Executive has no oral representations, understandings or
agreements with the Company or any of its officers, directors, employees or
representatives covering the same subject matter as this Agreement.  This document is the final, complete and
exclusive statement and expression of the agreement between the Company and the
Executive and of all the terms of this Agreement, and it cannot be varied,
contradicted or supplemented by evidence of any prior or contemporaneous oral
or written agreements.  This document may
not be later modified except by a written instrument signed by a duly
authorized officer of the Company and the Executive, and no term of this
Agreement may be waived except by a written instrument signed by the party
waiving the benefit of such term.

 13
 

13.          Notice.  Whenever any notice is required hereunder, it
shall be given in writing addressed as follows:

	
  To the Company:

  	
  Datalink Corporation

  
	
   

  	
  8170 Upland
  Circle

  
	
   

  	
  Chanhassen,
  Minnesota 55317

  
	
   

  	
  Attention:
  Charles B. Westling, President and Chief Executive Officer

  

 

	
  To the Executive:

  	
  Robert R. Beyer

  
	
   

  	
  4950 Shady
  Island Circle

  
	
   

  	
  Mound, Minnesota
  55364

  

 

Notice is given and effective three (3)
days after the deposit in the U.S. mail of a writing addressed as above and
sent first class mail, certified, return receipt requested, or when actually
received.  Either party may change the
address for notice by notifying the other party of such change in accordance
with this Section 13.

14.          Arbitration.  Except as to matters of injunctive or equitable
relief (over which the parties agree that the federal and state courts located
in Minneapolis, Minnesota will have exclusive jurisdiction and are deemed to be
of proper venue and convenience to the parties), any unresolved dispute or
controversy arising under or in connection with this Agreement will be settled
exclusively by arbitration, conducted before a panel of three (3) arbitrators
in Minneapolis, Minnesota, in accordance with the rules of the American
Arbitration Association then in effect. 
The arbitrators will not have the authority to add to, detract from or
modify any provision hereof nor to award punitive damages to any injured
party.  A decision by a majority of the
arbitration panel will be final and binding. 
Judgment may be entered on the arbitrators’ award in any court having
jurisdiction.  The direct expense of any
arbitration proceedings, including, but not limited to, the administrative fees
and the arbitrators’ fees and expenses, will be borne by the Company.

15.          BindingEffect;  Governing Law.  This Agreement will inure to the benefit of
the successors or assigns of the Company. 
The Company agrees that, as a condition of any merger of the Company
into or with, or the sale of all or substantially all of the Company’s assets
to, another person, firm or entity, it will require the successor expressly to
assume the Company’s obligations hereunder. 
This Agreement shall be governed by and construed in accordance with the
laws of the State of Minnesota, exclusive of its conflicts of laws rules.

IN
WITNESS WHEREOF, the
undersigned have hereunto affixed their signatures.

	
  DATALINK CORPORATION

  	
   

  	
  EXECUTIVE

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By

  	
   /s/ Charles B. Westling

  	
   

  	
  By

  	
   /s/ Robert R.
  Beyer

  	
   

  
	
   

  	
  Charles B.
  Westling, President and 

  Chief Executive Officer

  	
   

  	
   

  	
  Robert R. Beyer

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date

  	
  2/16/07

  	
   

  	
  Date

  	
  2/16/07

  	
   

  
								

 14
 

Exhibit A

Release of Claims

I release Datalink Corporation and its officers,
directors, employees and agents from any claim, cause of action, damages or
expenses, including attorneys’ fees, arising out of the relationship between
the parties through the signing of this Release.  This is intended to be a
complete release of claims by me, whether the claims are known or unknown,
matured or unmatured or fixed or contingent.  Therefore, by this release I GIVE UP ANY RIGHT TO
MAKE A CLAIM, BRING A LAWSUIT, FILE AN ADMINISTRATIVE CHARGE OF DISCRIMINATION
OR OTHERWISE SEEK MONEY DAMAGES OR COURT ORDERS AS A RESULT OF MY EMPLOYMENT BY
DATALINK, OR OF MY SEPARATION FROM EMPLOYMENT WITH DATALINK.  I
acknowledge and intend that this Release cover claims of wrongful termination,
defamation, intentional infliction of emotional distress, any claims under the
Federal Age Discrimination in Employment Act, Title VII of the Civil Rights Act
of 1964, the Americans With Disabilities Act, the Minnesota Human Rights Act
and Minnesota Statute Section 181.81 (which prohibits age discrimination) and
any other state or federal statutes prohibiting discrimination in
employment.  This Release also binds my heirs, administrators,
representatives, executors, successors and assigns.  I have been
advised by my legal counsel of the effect of this Release.  Despite the
above, this Release does not apply to claims against Datalink for breaching its
obligations under an Employment Agreement dated                               .

NOTICE TO THE
UNDERSIGNED:

THIS IS A RELEASE OF LEGAL
RIGHTS YOU MAY HAVE.  YOU SHOULD CONSULT WITH AN ATTORNEY REGARDING THIS
RELEASE AND OTHER ASPECTS OF THIS LETTER BEFORE YOU SIGN IT.

YOU HAVE 21 DAYS TO CONSIDER
WHETHER OR NOT TO SIGN THIS RELEASE, STARTING FROM THE DATE YOU FIRST RECEIVE A
COPY OF IT.  YOU MAY SIGN THIS RELEASE AT ANY TIME DURING THE 21-DAY
PERIOD.

YOUR EMPLOYMENT BY DATALINK
HAS TERMINATED.  YOUR ACCEPTANCE OR FAILURE TO ACCEPT THIS RELEASE DOES
NOT AFFECT YOUR TERMINATION.  IF YOU DO NOT ACCEPT THIS RELEASE, OR IF YOU
REVOKE YOUR ACCEPTANCE OF IT, DATALINK WILL NOT PROVIDE YOU THE SEVERANCE PAY
AND OTHER BENEFITS DESCRIBED IN YOUR EMPLOYMENT AGREEMENT.

AFTER YOU ACCEPT THIS RELEASE
BY SIGNING IT, YOU MAY REVOKE YOUR ACCEPTANCE FOR A PERIOD OF 15 DAYS AFTER THE
DATE YOU SIGN.  THIS RELEASE IS NOT EFFECTIVE UNTIL THIS 15-DAY REVOCATION
PERIOD EXPIRES.

IF YOU WISH TO REVOKE YOUR
ACCEPTANCE OF THIS RELEASE, YOU MUST NOTIFY DATALINK IN WRITING WITHIN THE
15-DAY REVOCATION PERIOD.  YOU MUST DELIVER YOUR NOTICE TO DATALINK IN
PERSON OR BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, ADDRESSED TO: 
Charles B. Westling, President and Chief Executive Officer, Datalink
Corporation, 8170 Upland Circle, Chanhassen, Minnesota  55317.  IF

 15
 

YOU FAIL TO PROPERLY DELIVER OR MAIL YOUR WRITTEN
REVOCATION AS INSTRUCTED, YOUR REVOCATION WILL NOT BE EFFECTIVE.

	
  Date this Release is first
  given by Datalink to the undersigned:

  	
   

  
	
   

  	
   

  
	
  Agreed
  to and accepted by the undersigned:

  	
   

  
	
   

  	
   

  
	
  Date this
  Release is signed by the undersigned:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Employee

  

 

 16Exhibit
10.1

SECURED
PROMISSORY NOTE

	
  $1,684,442.00

  	
   

  	
  Dated: December 31, 2006

  

 

FOR VALUE RECEIVED, the undersigned, MJC BERRY
ENTERPRISES, LLC, a Massachusetts limited liability company (the “Company”),
HEREBY PROMISES TO PAY to the order of NORTH AMERICAN SITE DEVELOPERS, INC., a
Massachusetts corporation (“NASDI” or the “Payee”), the principal
sum of ONE MILLION SIX HUNDRED EIGHTY-FOUR THOUSAND FOUR HUNDRED FORTY-TWO
UNITED STATES DOLLARS (U.S.$1,684,442.00), together with all accrued and unpaid
interest hereon, payable as set forth below.

Section 1.               Principal and Interest
Payments.  The Company shall pay the
principal amount of this Note in quarterly installments on the dates (each such
date being a “Payment Date”) and in the amounts set forth on Exhibit
A hereto.  The principal balance of
this Secured Promissory Note (this “Note”) shall accrue interest thereon
as provided below and shall be payable on each Payment Date.  Interest shall be computed on the basis of
actual number of days elapsed and a 360-day year and shall be at a rate
per annum equal to the Reference Rate plus one percent (1%).  The “Reference Rate” shall mean the
regular “Classic Advance Rate” for a term of one year as published by the
Federal Home Loan Bank of Boston on the applicable date.  The Reference Rate shall, commencing on the
date hereof, be 5.45% and shall be adjusted on each anniversary of the date
hereof (or, if no such rate is published on such date, then on the nearest date
preceding such anniversary date for which such rate is published) to the
Reference Rate published on such date. 
The Reference Rate, as adjusted, shall constitute the Reference Rate on
the date when such adjustment is made and shall continue as the applicable
Reference Rate until further adjustment as provided above.

Section 2.               Default Rate of Interest.  If for any reason any payment due from the
Company to the Payee hereunder is not received on the applicable Payment Date,
interest will be charged on the overdue amount from the due date until the date
that payment is received, at the rate equal to the Reference Rate plus
two percent (2.0%).  Interest on overdue
payments shall be calculated on the basis of actual number of days elapsed and
a 360-day year and shall be paid together with the payment of the overdue
amount, and shall be payable on demand.

Section 3.               Maximum Lawful Rate.  If any payment of interest hereunder in
excess of that amount of interest permitted by applicable law is received by
the Payee, then the amount of such excess payment shall be deemed to have been
made in error and shall automatically be applied to reduce the principal amount
outstanding hereunder.

Section 4.               Payment.  Payments of principal and interest on this
Note, and all other amounts due with respect to costs and expenses, shall be
payable in lawful money of the United States of America, without deduction,
set-off (except as provided in Section 20 below) or counterclaim, to the
Payee at such address as the Payee may direct in writing to the Company. This
Note may, at the option of the Company, be prepaid, in whole or in part, at any
time and from time to time without premium or penalty.  Each prepayment of principal shall be made
together with interest accrued thereon to the date of prepayment.  If any payment of principal or 

interest on this Note
shall become due on a Saturday, Sunday, or public holiday on which banks are
not open for business, such payment shall be made on the next succeeding
business day and such extension of time shall in such case be included in
computing interest in connection with such payment.  All payments and prepayments made hereon
shall be recorded in the Payee’s records and such records shall be controlling,
absent manifest error.

Section 5.               Security.  This Note and the obligations of the Company
hereunder are secured by a first priority perfected security interest in the
real property and improvements located at 1365 Main Street, Waltham,
Massachusetts (the “Property”) pursuant to the terms and conditions of
that certain Mortgage, Assignment of Leases and Rents, Security Agreement and
Financing Statement dated as of December 31, 2006 (as amended, restated,
supplemented or otherwise modified from time to time, the “Mortgage”) by
the Company to the Payee.

Section 6.               Representations and
Warranties.

In order to induce the
Payee to accept this Note, the Company hereby represents and warrants to the
Payee that:

(a)                           Organization;
Powers.  The Company (i) is a
limited liability company duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization, (ii) is duly qualified
to do business as a foreign corporation and in good standing under the laws of
each jurisdiction in which such qualification and good standing are necessary
in order for it to conduct its business and own its property as heretofore
conducted and owned, and (iii) has all requisite power to conduct its business,
to own and operate its property and to execute, deliver and perform all of its
obligations under this Note.

(b)                           Authorizations;
Enforceability.  The Company has the
requisite power and authority to execute, deliver and perform this Note and the
Mortgage.  This Note and the Mortgage
have been duly executed and delivered by the Company and constitute the legal,
valid and binding obligations of the Company, enforceable against the Company
in accordance with their respective terms, subject to bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting creditors’ rights
generally and to general principles of equity, regardless of whether
enforcement is sought in a proceeding at law or in equity.

(c)                           No Conflict.  The execution, delivery and/or performance by
the Company of this Note and the Mortgage do not and will not, by the lapse of
time, the giving of notice or otherwise, (i) constitute a violation of any law,
rule, regulation, order, decree or other requirement having the force of law
(collectively referred to herein as “Applicable Law”) or conflict with
or result in a breach of any provision contained in the Company’s certificate
of formation, operating agreement or other organizational documents, or
contained in any agreement, instrument or document to which Company or any of
the Company’s subsidiaries is a party or by which it or any of its properties
is bound or (ii) result in or require the creation or imposition of any Lien
(as defined below) whatsoever upon any of the properties or assets of Company
or any of its subsidiaries.

(d)                           Approvals.  No approval, consent or authorization of, or
notice to or filing with, any nation, government, state or other political
subdivision thereof or any entity exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to 

 2
 

government (collectively
referred to herein as a “Governmental Authority”), or any person,
entity, or any securities exchange, is required in connection with the
execution, delivery or performance by the Company of this Note or the Mortgage
except those obtained on or prior to the date hereof.

(e)                           Compliance with
Laws.  The Company has complied in
all material respects with all provisions of all applicable laws and
regulations, including, without limitation, those relating to the Company’s
ownership of real or personal property, the conduct and licensing of the
Company’s business, the payment and withholding of taxes and safety and
environmental matters.

Section 7.               Covenants.

The Company hereby
covenants and agrees that for so long as any obligations shall remain
outstanding under this Note:

(a)                           Existence.  The Company shall maintain its existence,
qualification and good standing in all jurisdictions in which such
qualification and good standing are necessary in order for the Company to
conduct its business and own its property.

(b)                           Compliance with
Laws.  The Company shall comply in
all material respects with all provisions of all applicable laws and
regulations, including, without limitation, those relating to the Company’s
ownership of real or personal property, the conduct and licensing of the
Company’s business, the payment and withholding of taxes and safety and
environmental matters.

(c)                           Taxes.  The Company shall (i) promptly file all
federal, state and local tax returns and other reports which the Company is
required by law to file, (ii) maintain adequate reserves for the payment of all
taxes, assessments, governmental charges and other similar charges, and
promptly pay when due all taxes, assessments and other charges as required by
law and in such manner as will not give rise to any Lien (as defined below),
unless being contested in good faith by appropriate proceedings which will
prevent the forfeiture or sale of any property of the Company or any
interference with the use thereof by the Company or any lessee thereof.

(d)                           Notice of Default.  The Company shall promptly notify the Payee,
(i) of any condition or event that constitutes an Event of Default (as defined
below) and (ii) of any other default under any contractual obligation to which
the Company or any of the Company’s subsidiaries is a party or by which any of
them or their respective properties may be bound, each such notice to specify
the nature and period of existence of any such condition, event, or default and
what action the Company or such subsidiary, as applicable, has taken, is taking
or proposes to take with respect thereto.

(e)                           Financial
Statements and Information.  The
Company shall promptly deliver to the Payee all financial statements and other
information regarding the Company, its members or the Property as the Payee may
reasonably request from time to time.

(f)                            Incurrence of
Debt.  The Company shall not create,
incur, assume or suffer to exist, or permit any of its subsidiaries to create,
incur, assume or suffer to exist, any 

 3
 

Indebtedness (as defined
below); provided, however, that the Company may incur
Indebtedness if the proceeds thereof (net of any actual fees or expenses
incurred in connection with the incurrence of such Indebtedness) are used to
prepay this Note.  The term “Indebtedness”
as used for all purposes in this Note shall mean and include, with respect to
the Company, (i)  liabilities for
borrowed money; (ii)  liabilities for the
deferred purchase price of property acquired by the Company; (iii)  all liabilities appearing on the balance
sheet of the Company in respect of capital leases; (iv)  all liabilities for borrowed money secured by
any lien with respect to any property owned by the Company; (v)  all liabilities in respect of letters of credit
or instruments serving a similar function issued or accepted for its account by
banks and other financial institutions; and (vi)  any guaranty of the Company with respect to
liabilities of a type described in any of clauses (i) through (v) above.

(g)                           Liens.  The Company shall not create, incur, assume
or suffer to exist any Lien (as defined below) on or with respect to its
properties and assets, whether now or hereafter acquired or upon any income or
profits therefrom, except:

(i)            Liens granted pursuant to the
Mortgage;

(ii)           Liens for taxes, assessments or governmental charges, but
only to the extent that such taxes, assessments or charges are either not
delinquent or are being contested in good faith by appropriate proceedings;

(iii)          statutory Liens of landlords and Liens of mechanics,
materialmen, suppliers and other Liens imposed by law created in the ordinary
course of business of the Company, but only to the extent that the amounts
secured or to be secured by such Liens are either not overdue or are being contested in good faith; and

(iv)          survey exceptions or encumbrances, easements or
reservations, or rights of others for rights-of-way, utilities and other
similar purposes, or zoning or other restrictions as to the use of real
property, which do not materially interfere with the ordinary conduct of the
business of the Company or any lessee.

For
all purposes of this Note, the term “Lien” shall mean and include means any mortgage, deed of trust,
pledge, hypothecation, assignment, deposit arrangement, security interest,
encumbrance for the payment of money, lien (statutory or other), preference,
priority or other security agreement or preferential arrangement of any kind or
nature whatsoever, including, without limitation, any conditional sale or other
title retention agreement.

(h)                           Further
Assurances.  The Company agrees that,
until all principal and interest and other amounts owing with respect to this
Note have been paid in full, the Payee’s security interest in and Lien on the
Property, and all proceeds thereof, shall continue in full force and effect,
and the Company shall perform, from time to time, any and all steps reasonably
requested by the Payee to perfect, maintain and protect the Payee’s first
priority perfected security interest in and Lien on and against the Property
and all proceeds thereof, or to enable the Payee to exercise its rights and
remedies with respect to the Property and all proceeds thereof, including
executing and delivering all further instruments and documents, and taking all
further action, as the Payee may reasonably request.

 4
 

Section 8.               Events of Default;
Acceleration.

(a)         Events of
Default.  Each of the following
occurrences shall constitute an “Event of Default” under this Note:

(i)            the Company fails to pay when due
and payable (whether at maturity or otherwise) any amount of principal or
interest on this Note or any other amount under this Note or the Mortgage, and
such failure to pay is not cured within three (3) business days after such
principal, interest or other amount becomes due and payable;

(ii)           the Company fails to perform or
breaches (other than a failure or breach which constitutes an Event of  Default under another clause of this Section
8) any of its obligations or the terms or provisions under this Note or
under the Mortgage and such failure or breach shall remain unremedied for ten (10)
days after the earlier of the date on which (x) the Company becomes aware of
such failure or breach, or (y) written notice thereof shall have been given to
the Company;

(iii)          the Company or Christopher A. Berardi
(“Mr. Berardi”) makes an assignment for the benefit of creditors or
admits in writing its or his inability to pay its debts generally as they
become due; or an order, judgment or decree is entered adjudicating the Company
or Mr. Berardi bankrupt or insolvent; or any order for relief with respect to
the Company or Mr. Berardi is entered under the federal Bankruptcy Code; or the
Company or Mr. Berardi petitions or applies to any tribunal for the appointment
of a custodian, trustee, receiver or liquidator of the Company or Mr. Berardi
or of any substantial part of the assets of the Company or Mr. Berardi or
commences any proceeding relating to the Company or Mr. Berardi under any
bankruptcy reorganization, arrangement, insolvency, readjustment of debt,
dissolution or liquidation law of any jurisdiction; or any such petition or
application is filed, or any such proceeding is commenced, against the Company
or Mr. Berardi and either (A) the Company or Mr. Berardi by any act indicates
its or his approval thereof, consent thereto or acquiescence therein, or (B)
such petition, application or proceeding is not dismissed within 60 days;

(iv)          any representation or warranty made by
the Company under this Note, the Mortgage or any amendment, waiver or
modification of any of the terms hereof or thereof shall prove to have been
incorrect or misleading when made in any material respect;

(v)           there shall occur any “Event of
Default” under and as defined in the Mortgage;

(vi)          (A) 
The Company is in default (as principal or as guarantor or other surety)
in the payment of any principal of or premium or interest on any Indebtedness
beyond any period of grace provided with respect thereto; or (B) the Company is
in default in the performance of or compliance with any term of any evidence of
any such Indebtedness or of any mortgage, indenture or other agreement relating
thereto or any other condition exists, and as a consequence of such default or
condition such Indebtedness has become, or has been declared (or one or more
persons are entitled to 

 5
 

declare such
Indebtedness to be), due and payable or (C) as a consequence of the occurrence
or continuation of any event or condition (other than the passage of time or
the rights of the holder of such Indebtedness to convert such debt into equity
interests) (1) the Company has become obligated to purchase or repay such
Indebtedness before its regular maturity or before its regularly scheduled
dates of payment, or (2) one or more persons have the right to require the
Company so to purchase or repay such Indebtedness;

(vii)         a final judgment or judgments for the
payment of money aggregating in excess of $50,000 are rendered against the
Company and which judgments are not within 60 days after entry thereof, bonded,
discharged or stayed pending appeal, or are not discharged within 60 days after
the expiration of such stay; or

(viii)        (A) the Company shall repudiate its
obligations under this Note or the Mortgage, or this Note or the Mortgage shall
become unenforceable for any reason, or (B) this Note or the Mortgage shall
cease to be in full force and effect in accordance with the terms hereof or
shall cease to give the Payee all rights, powers and privileges purported to be
created hereby.

The
foregoing shall constitute Events of Default whatever the reason or cause for
any such Event of Default and whether it is voluntary or involuntary or is
effected by operation of law or pursuant to any judgment, decree or order of
any court or any order, rule or regulation of any administrative or
governmental body.

(b)         Acceleration.

(i)            If an Event of Default of the type
described in Section 8(a)(iii) has occurred, the principal amount of
this Note (together with all accrued interest hereon and all other amounts due
and payable with respect hereto) shall become immediately due and payable
without any action on the part of the Payee, and the Company shall immediately
pay to the Payee all amounts due and payable with respect to this Note.

(ii)           If any other Event of Default has
occurred and is continuing, the Payee may declare the outstanding principal
amount of this Note (together with all accrued interest thereon and all other
amounts due and payable with respect thereto) to be immediately due and payable
and may demand immediate payment of the outstanding principal amount of this
Note (together with accrued interest thereon and all such other amounts then
due and payable).

(iii)          The Payee shall also have any other
rights which the Payee may have pursuant to the Mortgage and pursuant to
applicable law.

(iv)          The Company hereby waives diligence,
presentment, protest and demand and notice of protest and demand, dishonor and
nonpayment of this Note, and expressly agrees that this Note, or any payment
hereunder, may be extended from time to time without in any way affecting the
liability of the Company hereunder.

Section 9.               No Waiver; Costs.  No delay or omission on the part of the Payee
in exercising any right hereunder shall operate as a waiver of any other right
under this Note.  The 

 6
 

Company promises and
agrees to pay all costs and expenses of collection and reasonable attorneys’
fees and costs incurred or paid by the Payee in enforcing or protecting its
rights under this Note or the Mortgage, including, without limitation, those
fees, costs and expenses which may be incurred by the Payee as the result of
the appointment of a receiver for the Company or in connection with appearances
in any probate, reorganization, bankruptcy, insolvency or other proceeding.

Section 10.             Amendments, etc.  No amendment, modification, or termination or
waiver of any provision of this Note shall be effective unless the same shall
be in writing and signed by the Company and the Payee. Each amendment,
modification, termination or waiver of this Note shall be effective only in the
specific instance and for the specific purpose for which it was given.

Section 11.             Governing Law.  THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE INTERNAL LAWS AND DECISIONS OF THE COMMONWEALTH OF
MASSACHUSETTS, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES.

Section 12.             Assignment.  The Company may not assign its obligation
hereunder without the prior written consent of the Payee.

Section 13.             Benefit.  This Note shall be binding upon and inure to
the benefit of the Company and the Payee and is enforceable by the Company and
the Payee and their respective successors, permitted assigns, heirs and
executors.  This Note shall not be
construed so as to confer any right or benefit upon any person or entity, other
than the Company, the Payee and their respective successors and permitted
assigns.

Section 14.             Headings.  The headings used in this Note are for
convenience of reference only and shall not be deemed to limit, characterize or
in any way affect the interpretation of any provision of this Note.

Section 15.             Saving Clause.  Whenever possible each provision of this Note
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Note shall be prohibited by or
invalid under applicable law, such provision shall be ineffective to the extent
of such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Note.

Section 16.             Jurisdiction; Waiver of Jury
Trial.  For purposes of any action or
proceeding involving this Note, each of the Company and the Payee hereby
expressly submits to the jurisdiction of all federal and state courts located
in the Commonwealth of Massachusetts and consents that any order, process,
notice of motion or other application to or by any of said courts or a judge thereof
may be served within or without such court’s jurisdiction by registered mail or
by personal service, provided a reasonable time for appearance is
allowed (but not less than the time otherwise afforded by any law or rule), and
waives any right to contest the appropriateness of any action brought in any
such court based upon lack of personal jurisdiction, improper venue or forum
non conveniens.  THE
COMPANY AND THE PAYEE EACH HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY
WAIVE (TO THE FULLEST 

 7
 

EXTENT PERMITTED BY
APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING
UNDER OR RELATING TO THIS NOTE AND AGREES THAT ANY SUCH DISPUTE SHALL BE TRIED
BEFORE A JUDGE SITTING WITHOUT A JURY.

Section 17.             Certain Waivers.  The Company and any and all endorsers,
guarantors and sureties severally waive grace, demand, presentment for payment,
notice of dishonor or default, protest, notice of protest, notice of intent to
accelerate, notice of acceleration and diligence in collecting and bringing of
suit against any party hereto, and agree to all renewals, extensions or partial
payments hereon, with or without notice, before or after maturity.

Section 18.             Integration.  This Note and the Mortgage represent the
final agreement among the parties as to the subject matter hereof and thereof
and may not be contradicted by evidence of prior, contemporaneous, or
subsequent oral agreements of the parties; and there are no unwritten oral
agreements among the parties.

Section 19.             Survival.  All representations, warranties and covenants
contained herein or made in writing by or on behalf of the Company in
connection herewith shall survive the execution and delivery of this Note and
the Mortgage.

Section 20.             Setoff.  The Company hereby authorizes the Payee, in
addition to any other right or remedy that the Payee may have by operation of
law or otherwise, at any time and from time to time upon any amount becoming
due and payable by the Company under this Note or the Mortgage, to exercise,
without notice to the Company (any such notice being expressly waived by the
Company), its right of setoff and apply any and all deposits or other property
of the Company or Mr. Berardi at any time held and other Indebtedness or
obligations (including, without limitation, any obligations owing by the Payee
to the Company under any lease of the Property by the Payee) at any time owing
by the Payee to or for the account of the Company or Mr. Berardi against such
due and payable amount.  The Payee hereby
authorizes the Company, in addition to any other right or remedy that the
Company may have by operation of law or otherwise, at any time and from time to
time upon any amount becoming due and payable by the Company under this Note or
the Mortgage, to exercise, without notice to the Payee (any such notice being
expressly waived by the Payee), the Company’s right of setoff and apply any
obligations owing by the Payee to the Company under any lease of the Property
by the Payee at any time owing by the Payee to or for the account of the Company
against such due and payable amount under this Note or the Mortgage.

*     *    
*     *     *

 8
 

IN WITNESS WHEREOF, the Company has caused this Note
to be duly executed and delivered by its duly authorized officer as of the date
first written above.

	
  

  	
  MJC BERRY ENTERPRISES, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Chris Berardi

  	 

	
   

  	
  Name:

  	
  Chris Berardi

  
	
   

  	
  Title:

  	
  Manager

  
					

 

 

 9

EXHIBIT A

Payment of Principal

 

	
  Date

  	
   

  	
  Amount

  	
   

  
	
  March 31, 2007

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  June 30, 2007

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  September 30, 2007

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  December 31, 2007

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  March 31, 2008

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  June 30, 2008

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  September 30, 2008

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  December 31, 2008

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  March 31, 2009

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  June 30, 2009

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  September 30, 2009

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  December 31, 2009

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  March 31, 2010

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  June 30, 2010

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  September 30, 2010

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  December 31, 2010

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  March 31, 2011

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  June 30, 2011

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  September 30, 2011

  	
   

  	
  $

  	
  84,222

  	
   

  
	
  December 31, 2011

  	
   

  	
  $

  	
  84,224

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]