Document:

<PAGE>

                                                                    Exhibit 10.7

Certain confidential terms have been omitted from this exhibit pursuant to a
request for confidential treatment of these portions filed with the Securities
and Exchange Commission. Such confidential portions have been filed with the
Securities and Exchange Commission and are denoted in this exhibit by an
asterisk (*).

                SIXTEENTH AMENDMENT TO REVOLVING CREDIT AGREEMENT
                -------------------------------------------------

         This Sixteenth Amendment to Revolving Credit Agreement (this
"Amendment") is made as of September 30, 2002 by and among Provant, Inc. (the
"Borrower"), a Delaware business corporation having its principal place of
business at 67 Batterymarch Street, Suite 500, Boston, MA 02110, Fleet National
Bank, a national banking association ("Fleet"), Wells Fargo Bank Iowa, N.A., a
national banking association ("Wells Fargo"), Citizens Bank of Massachusetts, a
Massachusetts banking corporation ("Citizens"), and KeyBank National
Association, a national banking association ("KeyBank", together with Fleet,
Wells Fargo and Citizens, the "Banks"), and Fleet National Bank, as agent for
itself and the other Banks (the "Agent").

                                     RECITAL
                                     -------

         WHEREAS, the Borrower, the Banks and the Agent previously entered into
that certain Revolving Credit Agreement, dated as of April 8, 1998, as
thereafter modified and amended by the First, Second, Third, Fourth, Fifth,
Sixth, Seventh, Eighth, Ninth, Tenth, Eleventh, Twelfth, Thirteenth, Fourteenth
and Fifteenth Amendments thereto and letter agreements dated as of November 6,
2001 and June 28, 2002 (said Revolving Credit Agreement, as so amended prior to
the date hereof, the "Credit Agreement"), pursuant to which the Banks have made
available to the Borrower a revolving credit loan facility for its corporate
purposes; and

         WHEREAS, the parties hereto now desire to further amend or modify the
Credit Agreement in certain respects, all as more particularly set forth
hereinbelow.

         NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties
hereto agree as follows:

         Section 1. Definitions. All capitalized terms used herein without
definition shall have the respective meanings provided therefor in the Credit
Agreement.

         Section 2. Amendments to Credit Agreement. The following definitions in
Section 1.1 are hereby amended in their entirety to provide as follows:

                  "Borrowing Base. At the relevant time of reference thereto, an
                  amount, determined by Agent by reference to the most recent
                  Borrowing Base Report delivered to Banks and Agent pursuant to
                  Section 7.4(h), equal to 100% of the total amount of Eligible
                  Accounts Receivable plus $6,184,000; provided, that, in no
                  event shall such amount exceed $45,484,000."

                  "Revolving Credit Loan Maturity Date. November 8, 2002, or
                  such earlier date on which the Total Commitment is terminated
                  pursuant to the provisions hereof."

         Section 3. Outstanding Obligations. Borrower hereby affirms and
acknowledges that (i) as of October 31, 2002, there is presently outstanding
loans and advances in the aggregate principal amount of $45,484,000 together
with accrued interest thereon and costs and expenses

<PAGE>

(collectively, the "Amount") and (ii) the Amount is a valid obligation of
Borrower and is due and owing without defense, claim, setoff or counterclaim of
any kind or nature whatsoever.

         Section 4. Conditions of Effectiveness. This Amendment shall become
effective upon satisfaction of the following conditions precedent: (i) Agent
shall have received a copy of this Amendment executed by Borrower and Banks and
consented and agreed to by Guarantors pursuant to the form of amendment set
forth as Annex A attached hereto (Agent shall provide Borrower and each Bank
with a copy of the executed Amendment) and (ii) Agent shall have received such
other certificates, instruments, documents, agreements and opinions of counsel
as may be required by Agent or its counsel, each of which shall be in form and
substance satisfactory to Agent and its counsel.

         Section 5. Further Extension of Credit Agreement. Borrower hereby
acknowledges that it is prepared to accept an extension of the Revolving Credit
Loan Maturity Date beyond the date set forth in Section 2 hereof pursuant to an
amendment containing the terms and conditions set forth in the term sheet
attached hereto as Exhibit B (the "Term Sheet"). Nothing contained herein or in
the Term Sheet shall be deemed to constitute a commitment or an agreement on the
part of any of Agent or Banks to enter into any waiver and/or amendment, on the
terms set forth in the Term Sheet or otherwise.

         Section 6. Loan Documents Ratified and Confirmed. The Credit Agreement
and each of the other Loan Documents, as they may be specifically supplemented
or amended by this Amendment, are and shall continue to be in full force and
effect and are hereby in all respects ratified and confirmed. Without limiting
the generality of the foregoing, the Security Documents and all of the
collateral described therein, do, and shall continue to, secure the payment of
all obligations under the Loan Documents, in each case as amended or
supplemented pursuant to this Amendment. All references to the "Credit
Agreement" contained in the Loan Documents shall mean or refer to the Credit
Agreement as amended and supplemented by this Amendment and as it may be further
amended, supplemented, modified and restated and in effect from time to time,
including without limitation any such amendment, supplement, modification or
restatement which increases the amount of Indebtedness owing by the Borrower
thereunder.

         Section 7. Release. Borrower hereby releases, remises, acquits and
forever discharges each Bank, Agent and each Bank's and Agent's employees,
agents, representatives, consultants, attorneys, fiduciaries, officers,
directors, partners, predecessors, successors and assigns, subsidiary
corporations, parent corporations, and related corporate divisions (all of the
foregoing hereinafter called the "Released Parties"), from any and all actions
and causes of action, judgments, executions, suits, debts, claims, demands,
liabilities, obligations, damages and expenses of any and every character, known
or unknown, direct and/or indirect, at law or in equity, of whatsoever kind or
nature, for or because of any matter or things done, omitted or suffered to be
done by any of the Released Parties prior to and including the date of execution
hereof, and in any way directly or indirectly arising out of or in any way
connected to this Agreement or the Documents (all of the foregoing hereinafter
called the "Released Matters"). Borrower acknowledges that the agreements in
this Section are intended to be in full satisfaction of all or any alleged
injuries or damages arising in connection with the Released Matters.

                                       2

<PAGE>

         Section 8. Conflicts. In the event of any express conflict between the
terms of this Amendment and the Credit Agreement, this Amendment shall govern.

         Section 9. Representations and Warranties. Borrower hereby represents
and warrants as follows:

         (a) This Amendment and the Credit Agreement, as amended hereby,
constitute legal, valid and binding obligations of Borrower and are enforceable
against Borrower in accordance with their respective terms.

         (b) Upon the effectiveness of this Amendment, Borrower hereby reaffirms
all covenants, representations and warranties made in the Credit Agreement to
the extent the same are not amended hereby and agree that all such covenants,
representations and warranties shall be deemed to have been remade as of the
effective date of this Amendment.

         (c) Except as set forth on the attached Exhibit A, no Event of Default
or Default has occurred and is continuing after giving effect to this Amendment
or would exist after giving effect to this Amendment.

         (d) Borrower has no defense, counterclaim or offset with respect to the
Credit Agreement.

         Section 10. Effect on the Loan Agreement.

         (a) Upon the effectiveness of Section 2 hereof, each reference in the
Credit Agreement to "this Agreement," "hereunder," "hereof," "herein" or words
of like import shall mean and be a reference to the Credit Agreement as amended
hereby.

         (b) Except as specifically amended herein, the Credit Agreement, and
all other documents, instruments and agreements executed and/or delivered in
connection therewith, shall remain in full force and effect, and are hereby
ratified and confirmed.

         (c) The execution, delivery and effectiveness of this Amendment shall
not operate as a waiver of any right, power or remedy of Agent or Banks, nor
constitute a waiver of any provision of the Credit Agreement, or any other
documents, instruments or agreements executed and/or delivered under or in
connection therewith.

         Section 11. Bringdown. The Borrower hereby confirms that all
representations and warranties with respect to the Borrower and any Subsidiaries
contained in the Credit Agreement and each of the other Loan Documents and in
any other certificate or document delivered in connection therewith are true and
correct as of the date hereof, and that except as set forth on the attached
Exhibit A no Default or Event of Default is outstanding or would be created by
the consummation of the transactions described herein.

         Section 12. Fees, Costs and Expenses. Borrower agrees to pay on demand,
after reasonable documentation and itemization of the same, all the costs and
expenses of the Agent

                                       3

<PAGE>

and the Banks, including all consultant and reasonable legal fees and expenses,
including without limitation all reasonable fees and expenses of counsel in
connection with the preparation, execution and delivery of this Amendment and
the other documents and instruments to be delivered herewith and all UCC search
and filing fees.

         Section 13. Miscellaneous. This Amendment may be executed in several
counterparts and by each party on a separate counterpart, each of which when
executed and delivered shall be an original, and all of which together shall
constitute one instrument. In proving this Amendment, it shall not be necessary
to produce or account for more than one such counterpart signed by the party
against whom enforcement is sought. This Amendment is intended to take effect as
a sealed instrument and shall for all purposes be construed in accordance with
and governed by the laws of The Commonwealth of Massachusetts (excluding the
laws applicable to conflicts or choice of law).

         Section 14. Facsimile. Any signature delivered by a party by facsimile
transmission shall be deemed to be an original signature hereto.

                   REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

                                       4

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed as an instrument under seal as of the date first above written.

                                        PROVANT, INC.

                                        By: /s/ Janet Hoey
                                            -------------------------------
                                            Title: Executive Vice President

                                        CITIZENS BANK OF MASSACHUSETTS

                                        By: /s/ Robert D. Mace
                                            -------------------------------
                                            Title: Vice President

                                        FLEET NATIONAL BANK, as Bank and Agent

                                        By: /s/ David. J. Angell
                                            -------------------------------
                                            Title: Vice President

                                        KEYBANK NATIONAL ASSOCIATION

                                        By: /s/ Bruce Drouin
                                            -------------------------------
                                            Title: Vice President

                                        WELLS FARGO BANK IOWA, N.A.

                                        By: /s/ Gary M. Lechko
                                            -------------------------------
                                            Title: Vice President

                                       5

<PAGE>

                                                                    Exhibit 10.7

                                    EXHIBIT A
                                    ---------

                                EVENTS OF DEFAULT

                                  See Attached

<PAGE>

                                  EXHIBIT A/1/
                                EVENTS OF DEFAULT

         The following existing Events of Default are exceptions to
representations made by the Borrower in Section 8(c) and Section 10 to the
Sixteenth Amendment to which this Exhibit A is annexed:

         1.   The failure of the Borrower to comply with the financial covenants
set forth in Sections 9.2, 9.3, 9.4 and 9.5 of the Credit Agreement for the
fiscal quarters ended March 31, 2002 through and including the fiscal quarter
ended September 30, 2002;

         2.   The failure of the Borrower to achieve the Twelfth Amendment
Benchmarks (as defined in the Thirteenth Amendment) on or before the dates
required to meet such Twelfth Amendment Benchmarks.

         3.   The failure of the Borrower to achieve the benchmarks set forth on
Exhibit 1 to the Thirteenth Amendment on or before the dates required to achieve
such benchmarks;

         4.   The failure of the Borrower to achieve the benchmarks set forth in
that certain letter agreement dated as of June 28, 2002 by the Agent and as
acknowledged by the other Banks, the Borrower and the Guarantors on or before
the dates required to meet such benchmarks;

         5.   The failure of the Borrower to achieve the benchmarks set forth in
Section 3 of the Fourteenth Amendment on or before the dates required to meet
such benchmarks; and

         6.   The failure of the Borrower to achieve the benchmarks set forth in
Subsection 3(b) of the Fifteenth Amendment to Revolving Credit Agreement on or
before the dates required to meet such benchmarks.

         7.   While the Borrower has, directly and through TRG, submitted
information regarding the determination of its Borrowing Base to the Agent and
the other Banks as required by the Credit Agreement, such information has not
been in the form and delivered in the manner set forth in Section 7.4 of the
Credit Agreement and certain of the information included in such reports has
been based upon best available estimates.

------------------------------
         /1/ All capitalized terms used in this Exhibit A but not defined herein
shall have the meaning ascribed thereto in the Credit Agreement (as such term is
defined in the Sixteenth Amendment to Revolving Credit Agreement to which this
Exhibit A is attached).

<PAGE>

                                   EXHIBIT B
                                   ---------

                                   TERM SHEET

                                  See Attached

                                       2

<PAGE>

                                   EXHIBIT I

                                  TERM SHEET
                                  ----------

                                 PROVANT, INC.

     THE FOLLOWING TERM SHEET IS BEING FURNISHED SOLELY FOR DISCUSSION PURPOSES
AND DOES NOT CONSTITUTE A PROPOSAL, A COMMITMENT OR AN OFFER TO ENTER INTO OR
AMEND THE AMENDED AND RESTATED CREDIT AGREEMENT OR ANY OF THE WAIVERS OR
AMENDMENTS THERETO.

     The Borrower, Agent and Banks will enter into an amendment ("Amendment No.
17") of the existing financing arrangements (the "Amended Facility"). The
Amended Facility will contain substantially all of the provisions of the
existing financing arrangements with the following modifications:

1.   Waiver

     As a result of the consummation of the Amended Facility, all Defaults and
Events of Default which have been disclosed to Agent by Borrower and are
continuing as of the closing date of Amendment No. 17, shall be deemed waived.

2.   Amount of Credit Facility

     The lesser of (a) $45,484,000 or (b) the Borrowing Base.

3.   Pricing

     Prime+2.50%, floating. Facility fee of $450,000 fully earned and payable
upon closing of the Amended Facility. Default interest rate will be the contract
rate plus 6.00% ("Default Rate"). The Default Rate will be imposed in the event
of any payment, covenant or reporting requirement default, any failure to
achieve milestone dates for the strategic initiatives outlined in Paragraph 7
herein (each, a "Strategic Initiative") or any other breach under the Amended
Facility.

4.   Maturity

     April 15, 2003.

5.   Borrowing Base and Borrowing Base Certificate

     The Borrowing Base will be limited to 85% of true trade AR, plus 60% of
costs in excess of billings and unbilled AR plus an overadvance amount. The
overadvance will be structured so as to not unduly impinge beginning liquidity
but to prevent a deterioration in the relative

<PAGE>

collateral coverage of the Borrowing Base for the Revolving Credit Loans
outstanding. Borrower shall provide an updated Borrowing Base Certificate
semi-monthly as of the 15th and last day of each month, each such Certificate to
be delivered within ten (10) days after such date. End-of-Month Borrowing Base
Certificates will be enhanced to provide detail concerning true trade AR, costs
in excess of billings, unbilled revenues and other amounts due and owing the
Borrower. Cash in lock box will be swept down to $500,000 daily and applied to
the Revolving Credit Loans. Blocked lock box arrangement will be amended to
reflect such revised amount.

6.   Junior Creditors, Specifically EEI, SI and Hughes

     Indebtedness owed by Borrower to each of Executive Education Institute,
Inc., Strategic Interactive, Inc. and the group of individuals consisting of
Thomas B. Hughes, Eileen P. Hughes and others (collectively, the "Junior
Creditors"), shall be extended and subordinated to the Obligations under the
Amended Facility. However, current interest will be permitted to be paid
monthly, at current rates, provided, however, that no payments will be permitted
upon the occurrence and during the continuance of any new Events of Default.
Punitive interest rates will not be acceptable. Junior Creditors to be provided
a fee for an extension of their respective obligations, not to exceed $65,000 in
the aggregate (approximately 15% of the Bank's fee). The term of the extension
must be through April 15, 2003. Agent and Banks will enter into an
inter-creditor agreement with the Junior Creditors. The agreement will, among
other things, identify liquidity events tied to success of the Strategic
Initiatives as outlined in Paragraph 7 herein and, except during the existence
of a payment default under the Amended Facility, provide for a sharing of net
proceeds from the Strategic Initiatives on an 85%-15% split based on net
proceeds (defined as sale proceeds less taxes and transaction costs). Sharing
will not apply in liquidity events where net proceeds are less than the book
value of collateral assets (AR, Inventory, other fixed assets) and in such
situations all net proceeds will be first paid entirely to reduce outstandings
under the Amended Facility. The Revolving Credit Loans must be paid down by not
less than $20,000,000 before sharing on the 85-15 split on the Government
Division Strategic Initiative. Junior Creditors are to be granted a silent
second lien position in the assets of Borrower with a 90-day standstill
provision on the exercise of secured lender remedies.

7.   Strategic Initiatives

     A. Sale of Provant in its Entirety
     Drake Beam and Moran ("DBM")

     Documentation in support of a transaction, and an update from Borrower
with respect to the current status of negotiations is required by the earlier of
11/05/02 or the closing of the Amended Facility. Borrower has advised that,
subject to SEC delays, this transaction, if approved by Borrower's and DBM's
respective Boards of Directors and Borrower's stockholders, will be scheduled to
close by 12/31/02 (subject to SEC delays, but in no event later than 3/31/03)
and is the Strategic Initiative of choice for Borrower. Borrower shall use its
best efforts to comply with all SEC requests.

     A definitive merger or buy-sell agreement between DBM and Borrower shall be
delivered to Agent by 11/15/02. Agent and Banks reserve the right in their sole
discretion to

                                      -2-

<PAGE>

establish milestone events in connection with the DBM Sale, and failure to
achieve any such milestone events shall constitute an Event of Default, except
to the extent that such failure shall be the direct result of an SEC delay,
provided that Borrower shall have used its best efforts to comply with all SEC
requests.

     Appropriate legal arrangements and mechanisms satisfactory to Agent and
Banks shall be established in order to ensure completion of this Strategic
Initiative notwithstanding any Event of Default.

     B. Sale of the Government Division

     The QuarterDeck engagement has been finalized and an executed copy of the
engagement letter, draft information memorandum and preliminary prospect list
have been delivered to Agent. An offering memorandum, solicitation books, target
prospect list and a preliminary timetable will be furnished to the Agent by the
earlier of 11/20/02 or such date on which there is a determination by Borrower
to abandon the DBM transaction. Milestone event dates in the timeline will serve
as milestone event dates in the Amended Facility with Events of Default arising
for failure to achieve such milestone events.

     A Letter of Intent ("LOI") with respect to a transaction for the
divestiture of the Government Division, acceptable to Agent and Banks, is
required by 1/20/03 and such transaction must be closed by 3/31/03, provided,
however, that if the Strategic Initiative set forth in Paragraph 7(A) above is
viable and proceeding, and all milestone events shall have been achieved to
date, but such transaction has not closed by the foregoing dates, then such LOI
must be delivered by 2/15/03 and the transaction closed by 4/15/03.

     Appropriate legal arrangements and mechanisms satisfactory to Agent and
Banks shall be established in order to ensure completion of this Strategic
Initiative notwithstanding any Event of Default.

     C. Sale of the Non-Government Divisions

     i. * had issued and subsequently withdrew an LOI with respect to the
purchase of all non-government divisions of Borrower (the "* Sale"). An update
from Borrower with respect to the current status of negotiations is required
weekly in accordance with Paragraph 9(f) below.

     If the * Sale becomes viable again, appropriate legal arrangements and
mechanisms satisfactory to Agent and Banks shall be established in order to
ensure completion of this Strategic Initiative notwithstanding any Event of
Default.

     Agent and Banks reserve the right in their sole discretion to establish
milestone events in connection with the * Sale, and failure to achieve any such
milestone events shall constitute an Event of Default.

                                      -3-

<PAGE>

     ii. * has discontinued its due diligence during the pendency of the DBM
transaction. An update from Borrower with respect to the current status of any
negotiations is required weekly in accordance with Paragraph 9(f) below.

     Appropriate legal arrangements and mechanisms satisfactory to Agent and
Banks shall be established in order to ensure completion of this Strategic
Initiative notwithstanding any Event of Default.

     Agent and Banks reserve the right in their sole discretion to establish
milestone events in connection with the * Sale, and failure to achieve any such
milestone events shall constitute an Event of Default.

     D. *

     Borrower has advised Agent that *, an investment entity, has exhibited an
interest in purchasing a possible convertible preferred equity stake in Borrower
in the $15,000,000 range (the "* Investment"). No discussions with * have been
held since the Borrower's decision to pursue the DBM transaction. An update from
Borrower with respect to the current status of the * Investment is required
weekly in accordance with Paragraph 9(f) below.

     Agent and Banks reserve the right in their sole discretion to establish
milestone events in connection with the * Investment, and failure to achieve any
such milestone events shall constitute an Event of Default.

     E. Jefferies Initiatives.

     If Borrower and the respective parties under the initiatives discussed in
Paragraphs 7(A), (B) & (C) above are not engaging in good faith negotiations and
if the milestone events for consummating such Strategic Initiatives have not
been achieved, then Jefferies will be directed by Borrower to commence to
develop a plan to sell the divisions of Borrower on a one-off basis. Jefferies
shall be directed by Borrower to provide Agent with a draft plan of such sales
(the "Plan") by 11/30/02, unless a definitive merger agreement has been signed
with DBM as contemplated in Paragraph 7(A) above prior to such date. The Plan
shall include timeline, draft memorandum of solicitation, preliminary prospect
list, etc.

     Appropriate legal arrangements and mechanisms satisfactory to Agent and
Banks shall be established in order to ensure completion of this Strategic
Initiative notwithstanding any Event of Default.

     Agent and Banks reserve the right in their sole discretion to establish
milestone events in connection with the Plan, and failure to achieve any such
milestone events shall constitute an Event of Default.

                                      -4-

<PAGE>

8.   Financial Covenants

     Financial covenants will include consolidated net worth, profitability,
cash flow leverage, minimum EBITDA (discrete month, quarter and YTD aggregate),
interest coverage, and CAPEX. All covenants not otherwise noted will be tested
quarterly. All metrics will be based on current projections allowing for
approximately 12.5% variance on the downside except for CAPEX which is a hard
maximum cap. CAPEX to be tested monthly. Covenant compliance certificates shall
be due within 20 days of period's close.

9.   Financial Reporting

     CRO is to be responsible for the preparation and submission of all
Borrowing Base Certificates, covenant compliance certificates and financial
reporting requirements. All submissions are to be certified and approved by CEO
or CFO of the Borrower.

In addition to current reporting requirements, Borrower will provide to Agent:

     a)   Monthly detailed AR agings, within fifteen (15) days of each month
          end. Submission of the September report will be a condition precedent
          to closing the Amended Facility.

     b)   Monthly contract status report identifying major contracts by
          division/operating unit and status of contract engagement, within
          twenty (20) days of each month end.

     c)   Quarterly contract/proposal/revenue event backlog report, within
          twenty (20) days after the end of each fiscal quarter, with monthly
          updates as to progression of backlog to be provided within fifteen
          (15) days of each month end.

     d)   Monthly report estimating costs in excess of billings and billings in
          excess of costs by contract, within ten (10) days of each month end.

     e)   Monthly report by division and operating unit listing all assets,
          other than Borrowing Base assets, within twenty (20) days of each
          month end.

     f)   Status report to facilitate tracking progression of milestone events
          for all Strategic Initiatives and establishment of additional
          milestone events. Report will be submitted to Agent, and verbally
          presented via conference call to Banks, weekly.

Failure to provide financial and other reporting as required will constitute an
Event of Default.

10.  Warrants

     The Banks will be granted detachable 10-year warrants for an equity
interest in the Borrower equal to non-dilutable 15% of the equity, providing for
cashless exercise and demand and piggyback registration rights. The warrants
will vest and become exercisable as to (a) 3% on closing of the Amended
Facility, (b) 3% on 12/31/02 if the Strategic Initiatives set forth in either
Paragraph 7(a) or 7(c) above have not occurred by such date, (c) 3% on 3/31/03
if the outstanding principal balance of the Revolving Credit Loans has not been
reduced by not less than $20,000,000 by such date, and (d) 6% on 4/15/03 if the
outstanding principal balance of the Revolving Credit Loans has not been paid in
full by such date. Borrower has the option to pay to the Agent and Banks a "fee
in lieu" of any warrant vesting, in an amount equal to (i) $100,000 with respect
to each 3% warrant, and (ii) $200,000 with respect to the 6% warrant. Such "fee
in

                                      -5-

<PAGE>

lieu" amounts are based upon a valuation of the Borrower's common stock of $0.15
per share. In the event that any Strategic Initiative is consummated at a
valuation in excess of $0.15 per share of Borrower's common stock (such
valuation to be determined by Agent and Banks in their sole discretion, each a
"Valuation Event"), the "fee in lieu" amount with respect to warrants to be
issued subsequent to the date of such Valuation Event will be proportionately
increased based upon such higher per-share valuation, provided, however, that
any consummation of a Strategic Initiative at a valuation of less than $0.l5 per
share of Borrower's common shall have no effect on the "fee in lieu" amount.
Upon the occurrence of any new Event of Default resulting from a missed payment
or acceleration of the Revolving Credit Loans, all remaining unvested warrants
will immediately vest.

11.  Fees

     Counsel fees and expense reimbursement due from the Borrower will be
expanded to include all fees and expenses incurred by Banks other than the Agent
beginning 11/01/01.

12.  Voting Rights

     Revise voting rights to better balance declaration of default and
acceleration with respect to Events of Default. Recommend keeping current
provisions of the syndication until 1/15/03 and following that date all waiver
provisions will require 100% vote of the Banks.

13.  Swing Line

     Fleet will establish a swing line facility of up to $3,000,000 to
facilitate expected daily sweeps of lock box deposits. The swing line will be a
sub-line of and not in addition to the existing Revolving Credit facility. The
swing line and Revolving Credit Loans will settle out weekly with the Banks.

14.  Release/Affirmation

     Customary releases by Borrower of Agent and Banks for all actions, conduct,
etc. and affirmation of existing indebtedness.<PAGE>

                                                                    Exhibit 10.8

--------------------------------------------------------------------------------
Certain confidential terms have been omitted from this exhibit pursuant to a
request for confidential treatment of those portions filed with the Securities
and Exchange Commission. Such confidential portions have been filed with the
Securities and Exchange Commission and are denoted in this exhibit by an
asterisk (*).
--------------------------------------------------------------------------------

               SEVENTEENTH AMENDMENT TO REVOLVING CREDIT AGREEMENT
               ---------------------------------------------------

         This Seventeenth Amendment to Revolving Credit Agreement (this
"Amendment") is made as of November 21, 2002 by and among Provant, Inc. (the
"Borrower"), a Delaware business corporation having its principal place of
business at 67 Batterymarch Street, Suite 500, Boston, MA 02110, Fleet National
Bank, a national banking association ("Fleet"), Wells Fargo Bank Iowa, N.A., a
national banking association ("Wells Fargo"), Citizens Bank of Massachusetts, a
Massachusetts banking corporation ("Citizens"), and KeyBank National
Association, a national banking association ("KeyBank", together with Fleet,
Wells Fargo and Citizens, the "Banks"), and Fleet National Bank, as agent for
itself and the other Banks (the "Agent")

                                     RECITAL
                                     -------

         WHEREAS, the Borrower, the Banks and the Agent previously entered into
that certain Revolving Credit Agreement, dated as of April 8, 1998, as
thereafter modified and amended by the First, Second, Third, Fourth, Fifth,
Sixth, Seventh, Eighth, Ninth, Tenth, Eleventh, Twelfth, Thirteenth, Fourteenth,
Fifteenth and Sixteenth Amendments thereto and letter agreements dated as of
November 6, 2001 and June 28, 2002 (said Revolving Credit Agreement, as so
amended prior to the date hereof, the "Credit Agreement"), pursuant to which the
Banks have made available to the Borrower a revolving credit loan facility for
its corporate purposes; and

         WHEREAS, the parties hereto now desire to further amend or modify the
Credit Agreement in certain respects, all as more particularly set forth
hereinbelow.

         NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties
hereto agree as follows:

         Section 1. Definitions. All capitalized terms used herein without
definition shall have the respective meanings provided therefor in the Credit
Agreement.

         Section 2. Amendments to Credit Agreement.

         (i) The following definitions in Section 1.1 of the Credit Agreement
are hereby amended as follows:

<PAGE>

               (a) The definition of Obligations is amended by adding, after the
          phrase "Revolving Credit Loans", the phrase "or Swing Line Loans".

               (b) The definition of Prime Rate Loans is amended by adding,
          after the phrase "Revolving Credit Loans", the phrase "or Swing Line
          Loans".

         (ii) The following definitions in Section 1.1 of the Credit Agreement
are hereby amended in their entirety to provide as follows:

               "Applicable Margin. The Applicable Margin shall be 2.50% for all
               Prime Rate Loans."

               "Borrowing Base. At the relevant time of reference thereto, an
               amount, determined by Agent by reference to the most recent
               Borrowing Base Report delivered to Banks and Agent pursuant to
               ss.7.4(h), equal to the sum of (i) 85% of the total amount of
               Eligible Accounts Receivable (excluding Eligible Unbilled
               Receivables), plus (ii) 60% of Eligible Unbilled Receivables,
               plus (iii) 60% of Costs in Excess of Billings plus (iv):

               (a)  during the months of November and December, 2002,
                    $20,000,000; and
               (b)  at all times thereafter until the Revolving Credit Loan
                    Maturity Date, such amount or amounts as Agent and Banks
                    shall reasonably determine based upon the updated
                    projections delivered to Agent and Banks pursuant to
                    (S)7.4(n) hereof;

               provided, that, in no event shall such amount exceed $45,450,000,
               and provided, further, that Agent and Banks reserve the right to
               reasonably re-set the over-advance amounts set forth in (iv)(a)
               and (iv)(b) to take into account the financial effect of the
               consummation of the DBM Sale and each other Strategic
               Initiative."

               "Net Cash Proceeds. The total cash proceeds received by the
               Borrower and its Subsidiaries with respect to the consummation of
               any Strategic Initiative or an Equity Issuance, as the case may
               be, in each case less (x) all reasonable out-of-pocket fees,
               commissions and other expenses incurred in connection with such
               Strategic Initiative or Equity Issuance, and (y) the amount
               (estimated in good faith by the Borrower) of federal or state
               income, franchise, sales and other applicable taxes required to
               be paid by the Borrower or its Subsidiaries in connection with
               such Strategic Initiative or Equity Issuance."

               "Revolving Credit Loan Maturity Date. April 15, 2003, or such
               earlier date on which the Total Commitment is terminated pursuant
               to the provisions hereof."

               "Revolving Credit Loans. Revolving credit loans made or to be
               made by the Banks to the Borrower pursuant to (S)2.1 hereof."

         (iii) The following definitions are added to Section 1.1 of the Credit
Agreement in their appropriate alphabetical order:

                                       2

<PAGE>

               "Costs in Excess of Billings. The amount reported as Costs in
               excess of billings on the most recent consolidated balance sheet
               of Borrower and its Subsidiaries that has been delivered to
               Agent."

               "CRO. TRG, or a successor chief restructuring officer having
               primary responsibility for turnaround management which shall be
               acceptable to Agent and Banks."

               "DBM Sale. The Strategic Initiative set forth in paragraph (a) of
               Exhibit I to the Seventeenth Amendment."

               "EEI. Executive Education Institute, Inc., a New York
               corporation."

               "Eligible Unbilled Receivables. Eligible Receivables arising
               under contracts with account debtors as to which Borrower has
               fully earned and recognized revenue but has not billed its
               customer or completed its performance."

               "Fleet L/C. Letter of Credit #MS1248550 issued hereunder by Fleet
               naming BV Development, LLC as beneficiary, dated December 14,
               2000, having a Maximum Drawing Amount of $216,000 and an
               expiration date of July 31, 2011."

               "Hughes Group. The group of individuals consisting of Thomas B.
               Hughes, Eileen P. Hughes, Brian Reger, Mary Lou Hadley, Larry
               Senn, John Childress, Nick Neuhausel, James Ondrus, Paul Nakai,
               Rena Jordan, Michael Marino, Yvonne Vick, James Hart and Paul
               Walker."

               "Intercreditor Agreement. See (S)2.9.2(b) hereof."

               "Junior Creditors. Each of (i) EEI, (ii) SI Stockholders, (iii)
               Toth and (iv) the Hughes Group."

               "Junior Creditor Notes. Collectively, (i) the promissory note
               dated as of September 29, 2000, made by the Borrower and payable
               to EEI, in an amount not to exceed $3,255,000, (ii) the cash
               contingent consideration obligation of the Borrower under the
               Agreement and Plan of Merger dated October 26, 1998, as amended,
               to pay the SI Stockholders an amount not to exceed $2,400,000,
               (iii) the promissory note dated as of July 1, 1996, made by
               Decker Communications, Inc. and payable to Toth, having an
               outstanding principal balance on the Seventeenth Amendment
               Effective Date of not more than $695,000 (the "Toth Note"), and
               (iv) the promissory notes dated as of September 28, 2000, made by
               the Borrower and payable to each member of the Hughes Group, in
               an aggregate amount not to exceed $300,000."

               "Seventeenth Amendment. The Seventeenth Amendment to Revolving
               Credit Agreement, by and among the Borrower, Banks and Agent."

                                       3

<PAGE>

               "Seventeenth Amendment Effective Date. November 21, 2002."

               "SI Stockholders. The stockholders of Strategic Interactive,
               Inc., a Delaware corporation, as of October 26, 1998."

               "Strategic Initiative. Each strategic initiative set forth on
               Exhibit I to the Seventeenth Amendment (collectively, the
               Strategic Initiatives)."

               "Swing Line Loans. See (S)2.10 hereof."

               "Toth. Dan Toth, the payee under the Toth Note."

         (iv) Section 2.1 of the Credit Agreement is amended by amending and
restating in its entirety the proviso appearing therein, so that such proviso
shall read as follows:

               "provided that the sum of the outstanding amount of the Revolving
               Credit Loans (after giving effect to all amounts requested) plus
               the outstanding Swing Line Loans plus the Maximum Drawing Amount
               plus all Unpaid Reimbursement Obligations shall not at any time
               exceed the lesser of (i) the Total Commitment or (ii) the
               Borrowing Base."

         (v) Section 2.8.3 of the Credit Agreement is amended by amending the
first sentence thereof in its entirety to provide as follows:

               "The Borrowing Base shall be determined semi-monthly by Agent by
               reference to the Borrowing Base Report."

         (vi) Section 2.9.1 of the Credit Agreement is amended by adding, after
the phrase "Revolving Credit Loans", the phrase "and Swing Line Loans".

         (vii) Section 2.9.2 of the Credit Agreement is amended and restated in
its entirety so as to read as follows:

               "2.9.2 Mandatory Repayments of Loans.

                  (a) If at any time the sum of the outstanding amount of the
         Revolving Credit Loans, Swing Line Loans, the Maximum Drawing Amount
         and all Unpaid Reimbursement Obligations exceeds the lesser of (i) the
         Total Commitment and (ii) the Borrowing Base, then the Borrower shall
         immediately repay the amount of such excess to the Agent for
         application in accordance with subparagraph (c) hereof.

                  (b) The Borrower shall, and shall cause each of its
         Subsidiaries to, remit to the Agent, within one (1) Business Day of
         receipt thereof, one hundred percent (100%) of the Net Cash Proceeds
         received by the Borrower and/or its Subsidiaries in respect of (i) the
         consummation of any Strategic Initiative and (ii) any Equity Issuance,
         in each case for application in accordance with subparagraph (c) hereof
         up to the total

                                       4

<PAGE>

         outstanding amount of the Revolving Credit Loans, Swing Line Loans, the
         Maximum Drawing Amount, all Unpaid Reimbursement Obligations and all
         other Obligations, with any remaining Net Cash Proceeds in excess of
         such total amount to be retained by the Borrower, provided, however,
         that if (x) no Event of Default has occurred and is continuing at the
         time such Net Cash Proceeds are to be remitted to the Agent, and (y)
         Agent shall have entered into a subordination and intercreditor
         agreement, in form and substance satisfactory to Agent and Banks, with
         Borrower and each of EEI and SI Stockholders (the "Intercreditor
         Agreement"), then the mandatory repayment set forth in this Section
         2.9.2(b) shall be subject to any sharing provisions set forth in the
         Intercreditor Agreement.

                  (c) All mandatory repayments pursuant to subparagraph (a)
         and/or (b) hereinabove shall be applied, first, to any Unpaid
         Reimbursement Obligations, second, to the Swing Line Loans then
         outstanding, third, to the Revolving Credit Loans then outstanding, and
         fourth, to provide to the Agent cash collateral for Reimbursement
         Obligations as contemplated by (S)(S)3.2(b) and (c). Each payment of
         any Unpaid Reimbursement Obligations or prepayment of Revolving Credit
         Loans shall be allocated among the Banks in proportion, as nearly as
         practicable, the respective unpaid principal amount of each Bank's
         Revolving Credit Note or loan account, as the case may be, with
         adjustments to the extent practicable to equalize any prior payments or
         repayments not exactly in proportion to such Bank's Commitment
         Percentage."

         (viii) Article 2 of the Credit Agreement is amended by inserting a new
Section 2.10 at the end thereof, as follows:

                 "2.10 Swing Line Facility.

                  2.10.1 Swing Line Loans. Subject to the terms and conditions
         hereof, Fleet (acting in such capacity, the "Swing Line Lender") agrees
         to make swing line loans (each, a "Swing Line Loan") to the Borrower
         from time to time between the Seventeenth Amendment Effective Date and
         the Revolving Credit Loan Maturity Date as requested by the Borrower in
         an aggregate principal amount at any one time outstanding not to exceed
         $3,000,000 (the "Swing Line Commitment"), provided that the sum of the
         outstanding amount of the Revolving Credit Loans plus the outstanding
         Swing Line Loans (after giving effect to all amounts requested) plus
         the Maximum Drawing Amount plus all Unpaid Reimbursement Obligations
         shall not at any time exceed the lesser of (i) the Total Commitment or
         (ii) the Borrowing Base. The Borrower may use the Swing Line Commitment
         by borrowing, prepaying the Swing Line Loans in whole or in part, and
         reborrowing, all in accordance with the terms and conditions hereof.
         All Swing Line Loans shall be Prime Rate Loans.

                  2.10.2 Procedure for Swing Line Borrowing.

                  (a) Borrower shall give Agent irrevocable notice (which notice
         must be received by the Agent prior to 12:00 noon (Boston time) on the
         requested Drawdown Date specifying the amount of the requested Swing
         Line Loan which shall be in a minimum amount of $100,000. The proceeds
         of the requested Swing Line Loan will

                                       5

<PAGE>

         be made available by the Swing Line Lender to the Borrower at the
         office of the Swing Line Lender by 2:00 P.M. (Boston time) on the
         Drawdown Date by crediting the account of the Borrower at such office
         with such proceeds. The Borrower may at any time and from time to time,
         prepay the Swing Line Loans, in whole or in part, without premium or
         penalty, by notifying the Swing Line Lender prior to 12:00 noon (Boston
         time) on any Business Day of the date and amount of prepayment. If any
         such notice is given, the amount specified in such notice shall be due
         and payable on the date specified therein. Partial prepayments shall be
         in a minimum principal amount of $100,000.

                  (b) Any Swing Line Loans remaining outstanding on Friday of
         any week shall automatically be converted to a Revolving Credit Loan
         which shall be funded by the Banks in accordance with (S)2.8 hereof.

                  (c) Notwithstanding anything herein to the contrary, the Swing
         Line Lender shall not be obligated to make any Swing Line Loans if the
         conditions set forth in (S)11 hereof have not been satisfied.

                  (d) If prior to the conversion of any outstanding Swing Line
         Loans to a Revolving Credit Loan pursuant to paragraph (b) of this
         (S)2.10.2, one of the events described in (S)12.1(g) or (h) hereof
         shall have occurred and be continuing with respect to the Borrower,
         each Bank will, on the date such conversion was to have occurred,
         purchase an undivided participating interest in the outstanding Swing
         Line Loan in an amount equal to (i) its Commitment Percentage
         multiplied by (ii) the outstanding Swing Line Loans. Each Bank will
         immediately transfer to the Swing Line Lender, in immediately available
         funds, the amount of its participation.

                  (e) Whenever, at any time after any Bank has purchased a
         participating interest in a Swing Line Loan, the Swing Line Lender
         receives any payment on account thereof, the Swing Line Lender will
         distribute to such Bank its participating interest in such amount
         (appropriately adjusted, in the case of interest payments, to reflect
         the period of time during which such Bank's participating interest was
         outstanding and funded); provided, however, that in the event that such
         payment received by the Swing Line Lender is required to be returned,
         such Bank will return to the Swing Line Lender any portion thereof
         previously distributed by the Swing Line Lender to it.

                  (f) Each Bank's obligation to make the Revolving Credit Loans
         referred to in paragraph (b) of this (S)2.10.2 and to purchase
         participating interests pursuant to paragraph (d) of this (S)2.10.2
         shall be absolute and unconditional (provided that such obligation does
         not cause any Bank to make Revolving Credit Loans in excess of its
         Commitment) and shall not be affected by any circumstance, including,
         without limitation, (i) any set-off, counterclaim, recoupment, defense,
         or other right which such Bank or the Borrower may have against the
         Swing Line Lender, the Borrower or any other Person for any reason
         whatsoever; (ii) the occurrence or continuance of a Default or an Event
         of Default; (iii) any adverse change in the condition (financial or
         otherwise) of the Borrower; (iv) any breach of this Credit Agreement or
         any other Loan Document by

                                       6

<PAGE>

         the Borrower, any Guarantor or any other Bank; or (v) any other
         circumstance, happening or event whatsoever, whether or not similar to
         any of the foregoing."

          (ix) Section 4.9 of the Credit Agreement is amended and restated in
its entirety as follows:

                  "4.9 Interest After Event of Default. During the continuance
         of an Event of Default, including, without limitation, the failure of
         the Borrower to achieve any milestone event with respect to any
         Strategic Initiative, the principal amount of the Obligations shall
         bear interest, calculated daily (computed on the actual days elapsed
         over a year of 360 days), at a fluctuating rate per annum equal to six
         percent (6%) above the interest rate otherwise applicable thereto."

         (x) Section 7.4(c) of the Credit Agreement is amended by deleting the
phrase "simultaneously with the delivery of the financial statements referred to
in subsections (a) and (b) above," and inserting in place thereof the phrase "as
soon as practicable, but in any event not later than twenty (20) days after the
end of each fiscal period of the Borrower referred to in subsections (a) and (b)
above,".

         (xi) Section 7.4(h) of the Credit Agreement is amended in its entirety
to provide as follows:

                  "(h)     as soon as practicable, but in any event not later
                           than ten (10) days following the fifteenth (15th) and
                           last day of each month (each such date, a "Borrowing
                           Base Report Date"), commencing with the first such
                           date to occur following the Seventeenth Amendment
                           Effective Date, a Borrowing Base Report setting forth
                           the Borrowing Base as of such Borrowing Base Report
                           Date, provided that the Borrowing Base Report dated
                           as of the last day of each month shall be enhanced to
                           provide detail concerning true trade Accounts
                           Receivable, costs in excess of billings, unbilled
                           revenues and other amounts due and owing to
                           Borrower;"

         (xii) Section 7.4 of the Credit Agreement is amended by inserting new
subsections (i), (j), (k), (l), (m), (n) and (o), in each case commencing with
the month ending November 30, 2002, as follows:

                  "(i)     as soon as practicable, but in any event not later
                           than ten (10) days following each month-end, in each
                           case as of the last day of such month, a report
                           estimating costs in excess of billings and billings
                           in excess of costs by business unit, with a level of
                           supporting detail reasonably acceptable to Agent and
                           Banks;

                  (j)      as soon as practicable, but in any event not later
                           than fifteen (15) days following each month-end, in
                           each case as of the last day of such month (i) a
                           detailed accounts receivable aging, and (ii) an
                           update as to progression of the backlog detailed in
                           the quarterly report delivered

                                       7

<PAGE>

                           pursuant to (S)7.4(l), including a contract status
                           report identifying major contracts by division and
                           operating unit and status of contract engagement;

                  (k)      as soon as practicable, but in any event not later
                           than twenty (20) days following each month-end, as of
                           the last day of such month, a report by division and
                           operating unit listing all assets other than
                           Borrowing Base assets;

                  (l)      as soon as practicable, but in any event not later
                           than twenty (20) days following each fiscal quarter
                           end of the Borrower, a contract/proposal/ revenue
                           event backlog report as of the last day of such
                           fiscal quarter;

                  (m)      weekly, on Friday of each week, a report with respect
                           to the progress on each Strategic Initiative,
                           including compliance with all milestone events, each
                           such report to be submitted in writing to Agent and
                           verbally presented via conference call to Banks;

                  (n)      as soon as practicable, but in any event not later
                           than November 22, 2002, (i) updated financial
                           projections, including, without limitation, balance
                           sheet, operating statements, statements of cash flow,
                           covenants, Borrowing Base and Revolving Credit Loan
                           usage, all of which shall reflect the consummation of
                           the DBM Sale, and (ii) a projected Statement of
                           Sources and Uses of Funds from the consummation of
                           the DBM Sale and certain other Strategic Initiatives;
                           and

                  (o)      as soon as practicable, but in any event not later
                           than December 15, 2002, updated financial projections
                           in a form, and with a level of detail, acceptable to
                           Agent and Banks."

         (xiii) Section 7.4 of the Credit Agreement is amended by inserting a
new paragraph at the end thereof, as follows:

                  "The CRO shall be responsible for the preparation and
         submission of all Borrowing Base Certificates, covenant compliance
         certificates, financial reporting and other reporting requirements set
         forth in this (S)7.4. All submissions are to be signed off and approved
         by Borrower's chief executive officer or chief financial officer."

         (xiv) Section 7.15 of the Credit Agreement is amended by deleting the
amount "$250,000" contained therein and inserting in place thereof the amount
"$500,000".

         (xv) Section 8.1 of the Credit Agreement is amended by inserting a new
clause (k) at the end thereof as follows:

                 "(k)      Indebtedness to the Junior Creditors pursuant to the
                           Junior Creditor Notes."

                                       8

<PAGE>

         (xvi) Section 9 of the Credit Agreement is amended in its entirety to
provide as follows:

                           "9.      FINANCIAL COVENANTS OF THE BORROWER.

                  The Borrower covenants and agrees that, so long as any
         Revolving Credit Loan or any Revolving Credit Note is outstanding or
         any Bank has any obligation to make any Revolving Credit Loans:

                  9.1 Consolidated Total Net Worth. The Borrower will maintain,
         as of the last day of each of the following fiscal quarters,
         Consolidated Net Worth in an amount equal to not less than (x) for the
         fiscal quarter ending on 12/31/02, $15,453,000, and (y) for the fiscal
         quarter ending on 3/31/03, $16,931,000.

                  9.2 Profitable Operations. The Consolidated Net Income of the
         Borrower and its Subsidiaries shall not be less than (x) for the fiscal
         quarter ending on 12/31/02, $(2,229,000), and (y) for the fiscal
         quarter ending on 3/31/03, $1,478,000.

                  9.3 Leverage Ratio. The Borrower will not permit the Leverage
         Ratio, as of the last day of each of the following fiscal quarters, to
         exceed (x) for the fiscal quarter ending on 12/31/02, 25.3:1.0, and (y)
         for the fiscal quarter ending on 3/31/03, 10.7:1.0. For each such
         fiscal quarter, the Leverage Ratio will be calculated after adding back
         one-time charges.

                  9.4 Minimum Consolidated EBITDA. The Borrower will not permit
         Consolidated EBITDA of the Borrower and its Subsidiaries, for each
         fiscal year-to-date period ending on the dates set forth below, to be
         less than the amount for such period set forth below:

                                                     Fiscal
                                                  Year-to-Date
                      Period Ending                 Aggregate
                      -------------                 ---------

                        10/31/02                   $440,000
                        11/30/02                   $1,198,000
                        12/31/02                   $1,951,000
                        1/31/03                    $2,799,000
                        2/28/03                    $4,411,000
                        3/31/03                    $6,216,000

                  9.5 Interest Coverage Ratio. The Borrower will not permit, as
         of the last day of each of the following fiscal quarters, the ratio of
         Consolidated EBITDA to Consolidated Total Interest Expense for such
         fiscal quarter, to be less than (x) for the fiscal quarter ending on
         12/31/02, 1.3:1.0, and (y) for the fiscal quarter ending on 3/31/03,
         3.3:1.0.

                  9.6 Capital Expenditures. The Borrower and its Subsidiaries
         will not make, in the aggregate, Capital Expenditures in excess of
         $200,000 during each of the fiscal quarters ending on 12/31/02 and
         3/31/03.

                                       9

<PAGE>

         Except as otherwise specified, the calculation of all financial
         covenants set forth in this (S)9 shall be in accordance with generally
         accepted accounting principles. Agent and Banks reserve the right to
         reasonably re-set any or all of the financial covenants set forth in
         this (S)9 to take into account the financial effect of the consummation
         of the DBM Sale and each other Strategic Initiative."

         (xvii) Section 15 of the Credit Agreement is amended by inserting in
clause (c) thereof, after the phrase "any local counsel to the Agent", the
phrase "or, on and after November 1, 2001, any counsel to any Bank,".

         (xviii) Section 25 of the Credit Agreement is amended by (i) deleting
the word "and" immediately preceding "(S)14" in the second sentence thereof, and
(ii) inserting at the end of the second sentence thereof the phrase"; and on
and after January 15, 2003, (x) at any time that any Default or Event of Default
shall have occurred and be continuing, no Revolving Credit Loans shall be made
to Borrower, and no distributions to Borrower from the Dominion Account shall be
permitted, unless the written consent of Agent and all Banks has been obtained
therefor, and (y) no waiver referred to in the first sentence of this Section
may be granted without the written consent of the Agent and all Banks".

         Section 3. Additional Agreements.

         (a) (i) On or before November 29, 2002, Borrower shall deliver to Agent
executed copies of extensions to the Junior Creditor Notes with respect to EEI
and SI Stockholders, on terms and conditions satisfactory to Agent and Banks,
including, without limitation, the payment of principal being due and payable no
earlier than April 15, 2003; (ii) on or before November 26, 2002, Agent shall
have received an opinion of Borrower's counsel, in form and substance
satisfactory to Agent, with respect to the merger or dissolution of all Persons
that were formerly Guarantors under the Credit Agreement but are not signatories
to the Seventeenth Amendment; and (iii) on or before December 15, 2002, if the
DBM Sale shall not have been consummated by such date, Borrower and each of EEI
and SI Stockholders shall have entered into the Intercreditor Agreement with
Agent.

         (b) Notwithstanding anything in Section 3.1.1 of the Credit Agreement
to the contrary, the Agent's or any Bank's commitment to issue, extend and renew
any Letters of Credit (including, without limitation, the Fleet L/C) is hereby
terminated.

         (c) Borrower shall fully and completely achieve each milestone event,
in a manner and on terms satisfactory to Agent and Banks in their sole
discretion, with respect to the Strategic Initiatives by the dates set forth on
Exhibit I attached hereto.

         (d) The Banks will be granted detachable 10-year warrants (the
"Warrants") for an equity interest in the Borrower equal to non-dilutable 15% of
the equity, providing for cashless exercise and demand and piggyback
registration rights. The warrants will vest and become exercisable as to (a) 3%
on the Seventeenth Amendment Effective Date, (b) 3% on December 31, 2002 if the
DBM Sale shall not have been consummated by such date, (c) 3% on

                                       10

<PAGE>

March 31, 2003 if the outstanding principal balance of the Revolving Credit
Loans is in excess of $22,950,000 on such date, and (d) 6% on April 15, 2003 if
the outstanding principal balance of the Revolving Credit Loans has not been
paid in full by such date. Borrower has the option to pay to the Agent and Banks
a "fee in lieu" of any warrant vesting or being exercised, in an amount equal to
(i) $100,000 with respect to each 3% warrant, and (ii) $200,000 with respect to
the 6% warrant. Such "fee in lieu" amounts are based upon a valuation of the
Borrower's common stock of $0.15 per share. In the event that any Strategic
Initiative is consummated at an amount which results in a valuation of
Borrower's common stock in excess of $0.15 per share (such valuation to be
determined by Agent and Banks in their sole discretion, each a "Valuation
Event"), the "fee in lieu" amount with respect to warrants vesting or being
exercised subsequent to the date of such Valuation Event will be proportionately
increased based upon such higher per-share valuation, provided, however, that
any consummation of a Strategic Initiative at a valuation of less than $0.15 per
share of Borrower's common shall have no effect on the "fee in lieu" amount.
Upon the occurrence of any Event of Default (other than the Events of Default
set forth in Exhibit II attached hereto) resulting from a missed payment of
principal or interest, or acceleration of the Revolving Credit Loans, all
remaining unvested warrants will immediately vest.

         (e) Borrower shall use its best efforts to obtain from EEI a
termination of the stock conversion rights arising under the Junior Creditor
Note held by EEI.

         (f) The failure by Borrower to comply with any agreement, covenant or
provision of this Amendment, including (without any notice or grace whatsoever)
any milestone event with respect to the Strategic Initiatives, shall constitute
an Event of Default.

         Section 4. Waiver. Subject to satisfaction of the conditions precedent
set forth in Section 6 below, Agent and Banks hereby waive the Events of Default
listed on Exhibit II attached hereto that have occurred on or prior to the
Seventeenth Amendment Effective Date.

         Section 5. Outstanding Obligations. Borrower hereby affirms and
acknowledges that (i) as of the Seventeenth Amendment Effective Date, the
aggregate outstanding principal amount of Revolving Credit Loans plus the
Maximum Drawing Amount of the Fleet L/C was $43,200,000, together with accrued
interest thereon and costs and expenses (collectively, the "Amount") and (ii)
the Amount is a valid obligation of Borrower and is due and owing without
defense, claim, setoff or counterclaim of any kind or nature whatsoever.

         Section 6. Conditions of Effectiveness. This Amendment shall become
effective upon satisfaction of each of the following conditions precedent: Agent
shall have received (i) a copy of this Amendment executed by Borrower and Banks
and consented and agreed to by Guarantors pursuant to the form of amendment set
forth as Annex A attached hereto (Agent shall provide Borrower and each Bank
with a copy of the executed Amendment); (ii) a detailed accounts receivable
aging as of September 30, 2002; (iii) the Warrants, in form and substance
satisfactory to Agent and Banks; (iv) an update from the Borrower with respect
to the DBM Sale; (v) an amendment fee, for the ratable benefit of the Banks, in
the amount of $450,000 in immediately available funds, which amount shall be
fully earned and payable on the Seventeenth Amendment Effective Date; (vi)
payment by Borrower of all outstanding invoices for

                                       11

<PAGE>

professional fees, costs and expenses and all fees, costs and expenses in
accordance with Section 12 hereof; and (vii) such other certificates,
instruments, documents, agreements and opinions of counsel as may be required by
Agent or its counsel, each of which shall be in form and substance satisfactory
to Agent and its counsel.

         Section 7. Loan Documents Ratified and Confirmed. The Credit Agreement
and each of the other Loan Documents, as they may be specifically supplemented
or amended by this Amendment, are and shall continue to be in full force and
effect and are hereby in all respects ratified and confirmed. Without limiting
the generality of the foregoing, the Security Documents and all of the
collateral described therein, do, and shall continue to, secure the payment of
all obligations under the Loan Documents, in each case as amended or
supplemented pursuant to this Amendment. All references to the "Credit
Agreement" contained in the Loan Documents shall mean or refer to the Credit
Agreement as amended and supplemented by this Amendment and as it may be further
amended, supplemented, modified and restated and in effect from time to time,
including without limitation any such amendment, supplement, modification or
restatement which increases the amount of Indebtedness owing by the Borrower
thereunder.

         Section 8. Release. Borrower hereby releases, remises, acquits and
forever discharges each Bank, Agent and each Bank's and Agent's employees,
agents, representatives, consultants, attorneys, fiduciaries, officers,
directors, partners, predecessors, successors and assigns, subsidiary
corporations, parent corporations, and related corporate divisions (all of the
foregoing hereinafter called the "Released Parties"), from any and all actions
and causes of action, judgments, executions, suits, debts, claims, demands,
liabilities, obligations, damages and expenses of any and every character, known
or unknown, direct and/or indirect, at law or in equity, of whatsoever kind or
nature, for or because of any matter or things done, omitted or suffered to be
done by any of the Released Parties prior to and including the date of execution
hereof, and in any way directly or indirectly arising out of or in any way
connected to this Agreement or the Loan Documents (all of the foregoing
hereinafter called the "Released Matters"). Borrower acknowledges that the
agreements in this Section are intended to be in full satisfaction of all or any
alleged injuries or damages arising in connection with the Released Matters.

         Section 9. Conflicts. In the event of any express conflict between the
terms of this Amendment and the Credit Agreement, this Amendment shall govern.

         Section 10. Representations and Warranties. Borrower hereby represents
and warrants as follows:

         (a) This Amendment and the Credit Agreement, as amended hereby,
constitute legal, valid and binding obligations of Borrower and are enforceable
against Borrower in accordance with their respective terms.

         (b) Upon the effectiveness of this Amendment, Borrower hereby reaffirms
all covenants, representations and warranties made in the Credit Agreement and
the other Loan Documents to the extent the same are not amended hereby and agree
that all such covenants,

                                       12

<PAGE>

representations and warranties shall be deemed to have been remade as of the
effective date of this Amendment.

         (c) No Event of Default or Default has occurred and is continuing after
giving effect to this Amendment or would exist after giving effect to this
Amendment.

         (d) Borrower has no defense, counterclaim or offset with respect to the
Credit Agreement or the other Loan Documents.

         (e) The Guarantors set forth on the Amendment and Confirmation of
Guaranty and Security Agreement attached hereto constitute all of the currently
existing Subsidiaries and Affiliates of Borrower; no sale of any division has
occurred since the SPI Sale; and all other Persons that were formerly Guarantors
under the Credit Agreement but are not signatories hereto have been dissolved or
merged into the Borrower or one of the remaining Guarantors.

         (f) The authorized capital stock of Borrower immediately before the
effectiveness of the Seventeenth Amendment consists of 40,000,000 shares of
Common Stock, par value $.01 per share, and 5,000,000 shares of Preferred Stock,
par value $.01 per share. Immediately before the effectiveness of the
Seventeenth Amendment, (i) 27,251,595 shares of Common Stock of Borrower were
issued and outstanding; (ii) no shares of Preferred Stock of Borrower were
issued or outstanding and 600,000 shares of the Preferred Stock were designated
as Series A Preferred Stock; and (iii) 517,325 shares of Common Stock of
Borrower were held in the treasury of Borrower. Except as set forth on Schedule
10(f) hereto, immediately before the effectiveness of the Seventeenth Amendment,
there were no outstanding warrants, options, agreements, convertible securities
or other commitments pursuant to which Borrower is or may become obligated to
issue any shares of the capital stock or other securities of Borrower.
Immediately upon the effectiveness of the Seventeenth Amendment, other than
pursuant to the Warrants, there will be no preemptive or similar rights to
purchase or otherwise acquire shares of the capital stock of Borrower pursuant
to any provision of law, the certificate of incorporation or by-laws of Borrower
or any agreement to which Borrower is a party; and, except as set forth on
Schedule 10(f) hereto, immediately after the effectiveness of the Seventeenth
Amendment, except as contemplated by the Seventeenth Amendment, there will be no
agreement, restriction or encumbrance (such as a right of first refusal, right
of first offer, proxy, voting trust, voting agreement, etc.) with respect to the
sale or voting of any shares of capital stock of Borrower (whether outstanding
or issuable upon conversion or exercise of outstanding securities).

         Section 11. Effect on the Loan Agreement.

         (a) Upon the effectiveness of Section 2 hereof, each reference in the
Credit Agreement to "this Agreement," "hereunder," "hereof," "herein" or words
of like import shall mean and be a reference to the Credit Agreement as amended
hereby.

         (b) Except as specifically amended herein, the Credit Agreement, the
other Loan Documents and all other documents, instruments and agreements
executed and/or delivered in connection therewith, shall remain in full force
and effect, and are hereby ratified and confirmed.

                                       13

<PAGE>

         (c) Except as set forth in Section 4 hereof, the execution, delivery
and effectiveness of this Amendment shall not operate as a waiver of any right,
power or remedy of Agent or Banks, nor constitute a waiver of any provision of
the Credit Agreement, the other Loan Documents or any other documents,
instruments or agreements executed and/or delivered under or in connection
therewith.

         Section 12. Fees, Costs and Expenses. Borrower agrees to pay on demand,
after reasonable documentation and itemization of the same, all the costs and
expenses of the Agent and the Banks, including all consultant and reasonable
legal fees and expenses, including without limitation all reasonable fees and
expenses of counsel in connection with the preparation, execution and delivery
of this Amendment and the other documents and instruments to be delivered
herewith and all UCC search and filing fees.

         Section 13. Miscellaneous. This Amendment may be executed in several
counterparts and by each party on a separate counterpart, each of which when
executed and delivered shall be an original, and all of which together shall
constitute one instrument. In proving this Amendment, it shall not be necessary
to produce or account for more than one such counterpart signed by the party
against whom enforcement is sought. This Amendment is intended to take effect as
a sealed instrument and shall for all purposes be construed in accordance with
and governed by the laws of The Commonwealth of Massachusetts (excluding the
laws applicable to conflicts or choice of law).

         Section 14. Facsimile. Any signature delivered by a party by facsimile
transmission shall be deemed to be an original signature hereto.

                   REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

                                       14

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed as an instrument under seal as of the date first above written.

                                         PROVANT, INC.

                                         By: /s/ Janet Hoey
                                             -----------------------------------
                                             Title: Vice President & CFO

                                         FLEET NATIONAL BANK, as Bank and Agent

                                         By: /s/ David. J. Angell
                                             -----------------------------------
                                             Title: Vice President

                                         CITIZENS BANK OF MASSACHUSETTS

                                         By: /s/ Robert D. Mace
                                             -----------------------------------
                                             Title: Vice President

                                         KEYBANK NATIONAL ASSOCIATION

                                         By: /s/ Bruce Drouin
                                             -----------------------------------
                                             Title: Vice President

                                         WELLS FARGO BANK IOWA, N.A.

                                         By: /s/ Gary M. Lechko
                                             -----------------------------------
                                             Title: Vice President

                                       15

<PAGE>

                                    EXHIBIT I

                              Strategic Initiatives
                              ---------------------

         (a) Borrower shall deliver to Agent a first draft of a sale agreement
with Drake Beam and Moran ("DBM"), in form and substance satisfactory to Agent
in its sole discretion, with respect to the sale of certain divisions of the
Borrower (the "DBM Sale"), by no later than November 25, 2002. Borrower shall
expeditiously and diligently negotiate, execute and deliver to Agent the
definitive sale agreement with respect to the DBM Sale, in form and substance
satisfactory to Agent and Banks in their sole discretion, by no later than
December 15, 2002, provided, however, that if DBM has unilaterally decided not
to consummate the DBM Sale, then the failure to deliver such definitive sale
agreement shall not be an Event of Default. The DBM Sale, if approved by
Borrower's and DBM's respective Boards of Directors, shall close by no later
than December 31, 2002, provided, however, that if the approval of Borrower's
stockholders is required with respect to the DBM Sale, then such closing shall
occur by no later than February 28, 2003. Agent and Banks shall receive not less
than $22,500,000 from the DBM Sale to be applied to the outstanding Obligations.
Agent and Banks reserve the right in their sole discretion to establish
milestone events in connection with the DBM Sale, provided, however, that prior
to establishing such milestone events, Agent and Banks shall consult in good
faith with Borrower with respect to determining the material events that shall
constitute milestone events. Failure to achieve any such milestone events shall
constitute an Event of Default. Appropriate legal arrangements and mechanisms
satisfactory to Agent and Banks shall be established in order to ensure
completion of this Strategic Initiative notwithstanding any Event of Default.

         (b) Borrower shall deliver the offering memorandum, solicitation books,
target prospect list and a preliminary timetable (a "Timeline") for the sale of
the Government Division no later than November 22, 2002. A letter of intent
("LOI") with respect to a transaction for the sale of the Government Division,
acceptable to Agent and Banks, shall be delivered to Agent by no later than
January 20, 2003 and such transaction must be closed by no later than March 31,
2003. All proceeds of the sale of the Government Division shall be used by
Borrower to repay the outstanding Revolving Credit Loans, provided, however,
that (i) if at the time of the closing of the sale of the Government Division,
the outstanding principal balance of the Revolving Credit Loans has been reduced
to not more than $22,950,000, the Intercreditor Agreement shall have been
executed and delivered to Agent and no Default or Event of Default has occurred
and is continuing, then Borrower may use proceeds from the sale of the
Government Division to repay the outstanding principal balance of the Junior
Creditor Notes up to amounts equal to 7.38% (with respect to EEI), 5.44% (with
respect to SI Stockholders), 1.57% (with respect to Toth) and 0.61% (with
respect to the Hughes Group), in each case of the Net Cash Proceeds of the sale
of the Government Division, and (ii) the remainder of the proceeds shall be used
to repay the outstanding Revolving Credit Loans. Any repayment of the Revolving
Credit Loans pursuant to this paragraph shall be a permanent paydown of the
Obligations and reduction of the Total Commitment. Agent and Banks reserve the
right in their sole discretion to establish milestone events in connection with
the sale of the Government Division, provided, however, that prior to
establishing such milestone events, Agent and Banks shall consult in good faith
with Borrower with respect to determining the material events that shall
constitute milestone events.

<PAGE>

Failure to achieve any such milestone events shall constitute an Event of
Default. Appropriate legal arrangements and mechanisms satisfactory to Agent and
Banks shall be established in order to ensure completion of this Strategic
Initiative notwithstanding any Event of Default.

         (c) * had issued and subsequently withdrew an LOI with respect to the
purchase of all non-government divisions of Borrower (the "* Sale"). An update
from Borrower with respect to the current status of negotiations is required
weekly in accordance with Section 7.4(m) of the Credit Agreement. Agent and
Banks reserve the right in their sole discretion to establish milestone events
in connection with the * Sale, provided, however, that prior to establishing
such milestone events, Agent and Banks shall consult in good faith with Borrower
with respect to determining the material events that shall constitute milestone
events. Failure to achieve any such milestone events shall constitute an Event
of Default. If the * Sale becomes viable again, appropriate legal arrangements
and mechanisms satisfactory to Agent and Banks shall be established in order to
ensure completion of this Strategic Initiative notwithstanding any Event of
Default.

         (d) * has discontinued its due diligence during the pendency of the DBM
transaction. An update from Borrower with respect to the current status of any
negotiations is required weekly in accordance with Section 7.4(m) of the Credit
Agreement. Agent and Banks reserve the right in their sole discretion to
establish milestone events in connection with a sale to *, provided, however,
that prior to establishing such milestone events, Agent and Banks shall consult
in good faith with Borrower with respect to determining the material events that
shall constitute milestone events. Failure to achieve any such milestone events
shall constitute an Event of Default. Appropriate legal arrangements and
mechanisms satisfactory to Agent and Banks shall be established in order to
ensure completion of this Strategic Initiative notwithstanding any Event of
Default.

         (e) If Borrower and the respective parties under the Strategic
Initiatives discussed in (a), (b), (c) and (d) above are not engaging in good
faith negotiations and if the milestone events for consummating such Strategic
Initiatives have not been achieved, then (x) Jefferies will be directed by
Borrower to commence to develop a plan to sell the divisions of Borrower on a
one-off basis, and (y) Jefferies shall be directed by Borrower to provide Agent
with a draft plan of such sales (the "Plan") by no later than the earlier to
occur of (i) two (2) weeks after the Borrower's abandonment of efforts to
consummate the DBM Sale, or (ii) December 31, 2002. The Plan shall include a
Timeline, draft memorandum of solicitation, preliminary prospect list and such
other information as required by Agent and Banks. Agent and Banks reserve the
right in their sole discretion to establish milestone events in connection with
the Plan, provided, however, that prior to establishing such milestone events,
Agent and Banks shall consult in good faith with Borrower with respect to
determining the material events that shall constitute milestone events. Failure
to achieve any such milestone events shall constitute an Event of Default.
Appropriate legal arrangements and mechanisms satisfactory to Agent and Banks
shall be established in order to ensure completion of this Strategic Initiative
notwithstanding any Event of Default.

         (f) Borrower has advised Agent that *, an investment entity, has
exhibited an interest in purchasing a possible convertible preferred equity
stake in Borrower in the $15,000,000 range

                                       ii

<PAGE>

(the "* Investment"). No substantive discussions with * have been held since the
Borrower's decision to pursue the DBM transaction. An update from Borrower with
respect to the current status of the * Investment is required weekly in
accordance with Section 7.4(m) of the Credit Agreement. Agent and Banks reserve
the right in their sole discretion to establish milestone events in connection
with the * Investment, provided, however, that prior to establishing such
milestone events, Agent and Banks shall consult in good faith with Borrower with
respect to determining the material events that shall constitute milestone
events. Failure to achieve any such milestone events shall constitute an Event
of Default. Appropriate legal arrangements and mechanisms satisfactory to Agent
and Banks shall be established in order to ensure completion of this Strategic
Initiative notwithstanding any Event of Default.

                                      iii

<PAGE>
                                  EXHIBIT II/1/

                                EVENTS OF DEFAULT
                                -----------------

         The following existing Events of Default are being waived pursuant to
the Seventeenth Amendment to which this Exhibit II is annexed:

         1. The failure of the Borrower to comply with the financial covenants
set forth in Sections 9.2, 9.3, 9.4 and 9.5 of the Credit Agreement for the
fiscal quarters ended March 31, 2002 through and including the fiscal quarter
ended September 30, 2002;

         2. The failure of the Borrower to achieve the Twelfth Amendment
Benchmarks (as defined in the Thirteenth Amendment) on or before the dates
required to meet such Twelfth Amendment Benchmarks;

         3. The failure of the Borrower to achieve the benchmarks set forth on
Exhibit I to the Thirteenth Amendment on or before the dates required to achieve
such benchmarks;

         4. The failure of the Borrower to achieve the benchmarks set forth in
that certain letter agreement dated as of June 28, 2002 by the Agent and as
acknowledged by the other Banks, the Borrower and the Guarantors on or before
the dates required to meet such benchmarks;

         5. The failure of the Borrower to achieve the benchmarks set forth in
Section 3 of the Fourteenth Amendment on or before the dates required to meet
such benchmarks;

         6. The failure of the Borrower to achieve the benchmarks set forth in
Subsection 3(b) of the Fifteenth Amendment to Revolving Credit Agreement on or
before the dates required to meet such benchmarks;

         7. While to date the Borrower has, directly and through TRG, submitted
information regarding the determination of its Borrowing Base to the Agent and
the other Banks as required by the Credit Agreement, such information has not
been in the form and delivered in the manner set forth in Section 7.4 of the
Credit Agreement and certain of the information included in such reports has
been based upon best available estimates. The Borrower also failed to make the
mandatory repayment of the amount that the outstanding Revolving Credit Loans
and the Maximum Drawing Amount exceeded the Borrowing Base for the periods
commencing October 31, 2002 through and including the date hereof as required by
Section 2.9.2 of the Credit Agreement;

------------------
/1/  All capitalized terms used in this Exhibit II but not defined herein shall
     have the meaning ascribed thereto in the Credit Agreement (as such term is
     defined in the Seventeenth Amendment to Revolving Credit Agreement to which
     this Exhibit II is attached).

<PAGE>

         8. The failure of the Borrower to submit (i) the financial statements
for the fiscal year ended June 30, 2002 required by Section 7.4(a) of the Credit
Agreement and (ii) the financial statements for the fiscal quarter ended
September 30, 2002 required by Section 7.4(b) of the Credit Agreement, in each
case within the time periods required therefor and in each case in the form
required by Section 7.4(c) of the Credit Agreement;

         9. The failure of the Borrower to include the then current Maximum
Drawing Amount of the Fleet LC in the amount of Outstanding Obligations
represented by the Borrower in the Sixteenth Amendment and previous amendments;

         10. The Toth Note purports to grant a security interest in the assets
of the Decker Communications, Inc. The Borrower is not aware that any UCC
financing statements have been filed with respect to this security interest;

         11. The Subsidiaries listed on Schedule 6.19 are out of date. The
Subsidiaries of the Borrower are Provant Media, Inc., Star Mountain, Inc.,
Provant Performance Solutions, Inc. and Provant Canada, Ltd. Former Subsidiaries
have been merged into certain of these Subsidiaries and the Borrower; and

         12. The Borrower may not have given notice of the foregoing in
accordance with Section 7.5 of the Credit Agreement.

         The Borrower makes no representations in the Credit Agreement regarding
Provant Canada Ltd. and such entity is excluded from any and all representations
relating to the Affiliates and/or Subsidiaries of the Borrower.

                                       2

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