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Exhibit 10.2    
    

 
 

EMPLOYMENT AGREEMENT    
    

        THIS EMPLOYMENT AGREEMENT (the "Agreement") is effective the 16th day of February, 2004 by and between enherent Corp. (fka PRT Group Inc.), a Delaware
corporation, with its principal place of business at 80 Lamberton Rd., Windsor, CT 06095 with all of its direct and indirect subsidiaries, (the "Employer") and Douglas A. Catalano, an individual
residing at 79 Hidden Valley Rd., Marshfield, MA 02050 (the "Executive"). 

 RECITALS:  

        A.    Employer
is a global information technology services company. 

        B.    The
Executive is experienced in the information technology services industry and is currently employed as a Consultant as Chief Executive Officer and desires to continue
in that role as well as additional roles for the Employer subject to the conditions hereinafter set forth. 

        C.    Employer
believes the Executive will contribute to the growth and profitability of the Employer and desires to employ the Executive as Chairman, President and Chief
Executive Officer. 

        D.    Employer
agrees that it shall not require Executive to engage in any conduct, which would violate any of the Executive's post-termination obligations to
Executive's former employer arising under this Agreement. 

        E.    The
Executive is willing to make his services available to Employer on the terms and conditions hereinafter set forth. 

 AGREEMENT:  

        Therefore, in consideration of the premises, mutual covenants and agreements of the parties contained herein, and other good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged, Employer and the Executive hereby agree as follows: 

        1)    Employment.    Commencing on February 16, 2004 (the "Effective Date"), Employer, in reliance on such
representations, shall employ the Executive and the Executive shall accept employment by Employer, upon the terms and conditions set forth in this Agreement. 

        2)    Term:    The term of employment (the "Term") of this Agreement shall begin on the Effective Date and, except as
otherwise provided in Sections 8, 9, and 10 shall end on February 16, 2007. The Term of this Agreement shall be thirty-six (36) months and shall not be further extended
without the mutual written consent of the parties. After completion of the term, Executive's employment will be on an at-will basis unless otherwise agreed in writing by the parties. 

        3)    Duties:    The Executive will serve as the Chairman, President and Chief Executive
Officer of the Employer. As Chairman, President and CEO of the Employer, the Executive shall have the primary responsibility to manage and direct the
day-to-day business of the Employer, including the generation of income and control of expenses. As Chairman of the Board, Executive will have responsibility for informing the
Board of Directors of all matters involving the day to day operations of the organization on a minimum quarterly basis, maintaining a relationship between the organization and the Board of Directors,
informing the Board of Directors of all stockholder communications received by the Chairman and responding to said communications, and informing the Board of Directors of any matters as the Board may,
from time to time, direct. In addition, Executive will be responsible for directing the organization with the objective of providing maximum profit and return on invested capital; establishing current
and long-range objectives, plans, and policies subject to the approval of the 

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Board
Of Directors (the Board); and representing the Employer with its major customers, the financial community and the public. In addition, Executive will be responsible for establishing current and
long-range objectives, plans, and policies subject to the approval of the Board. The Executive shall perform such duties as may be reasonably assigned to him by the Board. With the consent
of the Board, the Executive may (i) devote a reasonable amount of time and effort to charitable, industry or community organizations, and (ii) subject further to the provisions of
Section 6, the Executive may serve as a director of other companies. 

        4)    Compensation:    During the Term, Executive shall be compensated as follows: 

        a)    Salary.    Executive shall be paid an annual salary of Two hundred fifty thousand dollars
($250,000) (the "Annual Base Salary"), to be distributed in equal periodic semi-monthly installments according to Employer's customary
payroll practices. Nothing contained herein shall be construed to prevent Employer from increasing Executive's Annual Base Salary more often than annually. The Annual Base Salary will be reviewed
annually by the Board and increased (but not decreased) if the Board, in their discretion, determines an increase to be appropriate, based on the types of factors the Board usually takes into account
in reviewing executive level salaries, including, but not limited to, cost-of-living factors. 

        b)    Incentive Compensation.    Employer will provide the Executive with a Board approved management bonus plan for
each year of employment ("Quarterly Performance Bonus"). The Quarterly Performance Bonus will be paid to Executive no later than forty-five days following the end of each quarter, i.e.,
May 15, August 15, November 15 and February 15. Bonus targets will be agreed to in writing by the parties and shall become an Amendment to this Agreement each year. In
addition, Employer will provide the Executive with a Year End target bonus opportunity as agreed to between the Board and Executive (the "Year End Performance Bonus") based on Year End Performance
Bonus targets that will be agreed to in writing by the parties and shall become an Amendment to this Agreement. 

        c)    Executive
is eligible for participation in the Stock Acquisition and Retention Program under the terms and conditions applicable to all other participants, subject to the
approval of the Compensation Committee of the Board of Directors. 

        d)    Certain Additional Payments and Consideration.    In addition to the above payments, 

        i)    Stock Options.    Executive will be eligible to participate in the Employer Stock Option Plan ("Plan"). All
Options are subject to the terms of the Plan and the Stock Option Award Agreement; provided, however, in the event of a Termination without Cause of the Executive's employment by the Employer all
incentive stock options granted shall immediately vest and be exerciseable as per the terms of Section 9 (b) below. In the event of a Termination without Cause of the Executive's
employment by the Employer all non-qualified stock options that have not vested as of the date of the termination, shall expire, and all non-qualified stock options that have
vested shall be exercisable pursuant to the terms of the Plan and the Stock Option Award Agreement. All Options will vest in three (3) equal annual installments of one-third
(1/3) each beginning one (1) year from their respective grant date, unless otherwise specified in the Stock Option Award Agreement. A copy of the Plan and form of Stock Option
Award Agreement is attached hereto as Exhibit 1. If Executive was an employee of Employer prior to the Effective Date and has already been granted stock options, all of Executive's stock
options shall have the same terms as the Options granted hereunder. 

        ii)    Change in Control.    Notwithstanding any other provision of the Plan to the contrary, while Executive's
Options remain outstanding under the Plan, a Change in Control (as defined below) of Employer shall occur, then all Options outstanding at the 

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time
of such Change in Control shall vest or expire as set forth in clause 4.d.i above. Those Options that vest shall become immediately exercisable in full, and, at the option of the
Compensation Committee of the Board of Directors, such Options may be cancelled in exchange for a cash payment or a replacement award of equivalent value. For purposes of this provision as well as
this Agreement, a "Change in Control" of Employer shall occur upon the happening of the earliest to occur of the following: 

        (a)   any
"person" as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 (other than (1) Employer, (2) any trustee or other
fiduciary holding securities under an employee benefit plan of Employer or (3) any corporation owned, directly or indirectly, by the stockholders of enherent Corp. in substantially the same
proportions as their ownership of the common stock of Employer, is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly
or indirectly, of securities of Employer (not including in the securities beneficially owned by such person any securities acquired directly from Employer or its affiliates) representing
fifty-one percent (51%) or more of the combined voting power of enherent Corp.'s then outstanding voting securities; 

        (b)   during
any period of not more than two (2) consecutive years, individuals who at the beginning of such period constitute the Board (such board of directors being
referred to herein as the "Employer Board"), and any new director (other than a director designated by a person who has entered into an agreement with Employer to effect a transaction described in
clause (i), (ii) or (iv) of this Section 5A) whose election by the Employer Board or nomination for election by Employer's Stockholders was approved by a vote of at least
two-thirds (2/3) of the directors then still in office who either were directors then still in office who either were directors at the beginning of the period of whose
election or nomination for election was previously so approved (other than approval given in connection with an actual or threatened proxy or election contest), cease for any reason to constitute at
least seventy percent (70%) of such Employer Board; 

        (c)   the
stockholders of Employer approve a merger or consolidation of Employer with any other corporation, other than (A) a merger or consolidation which would result
in the voting securities of Employer outstanding immediately prior thereto continuing to represent (either by remaining outstanding without conversion or by being converted into voting securities of
the surviving or parent entity) fifty one (51%) or more of the combined voting power of the voting securities of Employer or such surviving or parent entity outstanding immediately after such merger
or consolidation or (B) a merger or consolidation effected to implement a recapitalization of enherent Corp. (or similar transaction) in which no "person" (as hereinabove defined) acquires
fifty-one (51%) or more of the combined voting power of enherent Corp.'s then outstanding securities; or 

        (d)   the
stockholders of the Employer approve a plan of complete liquidation of the Employer or an agreement for the sale or disposition by the Employer of all or
substantially all of the Employer's assets (or any transaction having a similar effect). 

        5)    Expense Reimbursement and Other Benefits.    

        a)    Reimbursement of Expenses.    During the term of Executive's employment hereunder, Employer, upon the
Executive's submission of proper substantiation in accordance with Employer's standard procedure, including copies of all relevant invoices, receipts or other evidence reasonably requested by
Employer, by the Executive, shall reimburse the Executive for all reasonable expenses actually paid or incurred by the Executive in the course of and pursuant to the business of Employer. Said
expenses shall be reviewed by the Employer's principal financial officer for reasonableness. Any questionable expenses shall be submitted by the principal financial officer to the Board of Directors
for review and approval prior to making payment to the Executive. If the Board of Directors does not approve any expenses they have been requested to review, a written 

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explanation
shall be provided to the Executive. Executive shall be afforded an opportunity to respond to the written explanation and the Board of Directors shall have the opportunity to reconsider its
decision. The Board of Directors decision following the Executives response shall be final. 

        b)    Employee Benefits.    Executive shall participate in the Employer Employee Benefits Program. 

        c)    Stock Options.    Executive shall be included as a participant under the Employer Incentive Stock Option Plan,
eligible to be granted options to acquire shares of Employer's common stock. The number of any options and terms and conditions of options shall be determined in the sole discretion of the Board, or
applicable committee thereof, and shall be based on several factors, including the performance of the Employer. 

        d)    Vacation.    During the Term, the Executive will be entitled to 24 paid vacation/personal days for each full
calendar year. The Executive will also be entitled to the paid holidays and other paid leave set forth in Employer's policies. Vacation days and holidays during any fiscal year that are not used by
the Executive during such fiscal year may not be carried over and used in any subsequent fiscal year. Executive will begin to accrue vacation/personal days on the first day of the month following date
of employment at the rate of 2 days per month. Employer observes six (6) designated Holidays each year (the holiday schedule is described in Employer's Summary of Benefits). 

        e)    Retirement Plan.    Executive is eligible to participate in the Employer's 401(k) Savings Plan the first day of
the month coinciding with, or following employment with Employer. The Employer has a provision enabling a match of 100% of the first 3% of employee contributions. 

        f)    Relocation.    Executive is eligible for a relocation package as set forth in Exhibit A attached hereto. 

        6)    Restrictions.    

        a)    Non-competition.    During the Term and for a one (1) year period after the termination of
the Term for any reason, the Executive shall not, directly or indirectly, engage in or have any interest in any sole proprietorship, partnership, corporation or business or any other person or entity
(whether as an executive, officer, director, partner, agent, security holder, creditor, consultant or otherwise) that directly or indirectly (or through any affiliated entity) engages in competition
with the Employer (for this purpose, any business that engages in information technology staffing services or products similar to those services or products offered by the Employer and which is
actively soliciting the operating units of the clients doing business with Employer at the time of termination of the Agreement shall be deemed to be in competition with the Employer provided that
such services or products constitute at least five percent (5%) of the gross revenues of the Employer at the time of termination of the Agreement); provided that such provision shall not apply to the
Executive's ownership of or the acquisition by the Executive, solely as an investment, of securities of any issuer that are registered under Section 12(b) or 12(g) of the Exchange Act and that
are listed or admitted for trading on any United States national securities exchange or that are quoted on the NASDAQ Stock Market, or any similar system or automated dissemination of quotations of
securities prices in common use, so long as the Executive does not control, acquire a controlling interest in or become a member of a group which
exercises direct or indirect control or, more than five percent (5%) of any class of capital stock of such corporation. 

        b)    Nondisclosure.    During the Term and for a one (1) year period after the termination of the Term for any
reason, the Executive shall not at any time divulge, communicate, use to the detriment of or for the benefit of any other person or persons, or misuse in any way, any Confidential Information (as
hereinafter defined) pertaining to the business or the Employer. Any 

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Confidential
Information or data now or hereafter acquired by the Executive with respect to the business of the Employer (which shall include, but not be limited to, information concerning the
Employer's financial condition, prospects, technology, customers, suppliers, sources of leads and methods of doing business) shall be deemed a valuable, special and unique asset of the Employer that
is received by the Executive in confidence and as a fiduciary, and Executive shall remain a fiduciary to the Employer with respect to all such information. For purposes of this Agreement,
"Confidential Information" means information disclosed to the Executive or known by the Executive as a consequence of or through his employment by the Employer (including information conceived,
originated, discovered or developed by the Executive) prior to or after the date hereof, and not generally known, about the Employer or its or their respective businesses. Notwithstanding the
foregoing, nothing herein shall be deemed to restrict the Executive from disclosing Confidential Information that the Executive clearly demonstrates was or became generally available to the public
other than as a result of disclosure by the Executive. 

        c)    Non-solicitation of Employees and Clients.    During the Term and for a one (1) year period
after the termination of the Term for any reason, the Executive shall not directly or indirectly, for himself or for any other person, firm, corporation, partnership, association or other entity,
other than in connection with the performance of Executive's duties under this Agreement, (i) solicit for employment or attempt to employ or enter into any contractual arrangement with any
employee or former employee of Employer, unless such employee or former employee has not been employed by Employer for a period in excess of six (6) months, (ii) call on or solicit any
of the operating units of the clients doing business with Employer as of the termination of the Term for any reason on behalf of any person or entity in connection with any business competitive with
the business of Employer, and/or (iii) make known the names and addresses of such customers (unless the Executive can clearly demonstrate that such information was or became generally available
to the public other than as a result of a disclosure by the Executive). 

        d)    Ownership of Developments.    All copyrights, patents, trade secrets, or other intellectual property rights
associated with any ideas, concepts, techniques, inventions, processes, or works of authorship developed or created by Executive during the course of performing work for Employer or its customers
(collectively, the "Work Product") shall belong exclusively to Employer and shall, to the extent possible, be considered a work made by the Executive for hire for Employer within the meaning of Title
17 of the United States Code. To the extent the Work Product may not be considered work made by the Executive for hire for Employer, the Executive agrees to assign, and automatically assign at the
time of creation of the Work Product, without any requirement of further consideration, any right, title, or interest that Executive may have in such Work Product. Upon the request of Employer, the
Executive
shall take such further actions, including execution and delivery of instruments of conveyance, as may be appropriate to give full and proper effect to such assignment. 

        e)    Books and Records.    All books, records, and accounts relating in any manner to the customers of Employer,
whether prepared by the Executive or otherwise coming into the Executive's possession, shall be the exclusive property of Employer and shall be returned immediately to Employer on termination of the
Executive's employment hereunder or on Employer's request at any time. 

        f)    Acknowledgment by Executive.    The Executive acknowledges and confirms that (i) the restrictive
covenants contained in this Section 6(f) are reasonably necessary to protect the legitimate business interest of Employer including the legitimate interests of the Employer, and (ii) the
restrictions contained in this Section 6(f) (including without limitation the length of the term of the provisions of this Section 6(f) are not over broad, over long, or unfair and are
not the result of overreaching, duress or coercion of any kind. The Executive further acknowledges and confirms that his full, uninhibited and faithful observance of each of the covenants contained in 

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this
Section 6(f) will not cause him any undue hardship, financial or otherwise, and that enforcement of each of the covenants contained herein will not impair his ability to obtain employment
commensurate with his abilities and on terms fully acceptable to him or otherwise to obtain income required for the comfortable support of him and his family and the satisfaction of the needs of his
creditors. The Executive acknowledges and confirms that his special knowledge of the business of the Employer is such as would cause Employer serious injury or loss if he were to use such ability and
knowledge to the benefit of a competitor or were to compete with the Employer in violation of the terms of this Section 6(f). The Executive further acknowledges that the restrictions contained
in this Section 6 are intended to be, and shall be, for the benefit of and shall be enforceable by, Employer's successors and assigns. 

        g)    Reformation by Court.    In the event that a court of competent jurisdiction shall determine that any provision
of this Section 6 is invalid or more restrictive than permitted under the governing law of such jurisdiction, then only as to enforcement of this Section 6 within the jurisdiction of
such court, such provision shall be interpreted and enforced as if it provided for the maximum restriction permitted under such governing law. 

        h)    Extension of Time.    If the Executive shall be in violation of any provision of this Section 6 then each
time limitation set forth in this Section 6 shall be extended for a period of time equal to the period of time during which such violation or violations occur. If Employer seeks injunctive
relief from such violation in any court, then the covenants set forth in this Section 6 shall be extended for a period of time equal to the pendency of such proceeding including all appeals by
the Executive. 

        i)    Survival.    The provisions of this Section 6 shall survive the termination of this Agreement, as
applicable. 

        7)    Disability.    If during the Term Executive is unable to perform his services by reason of illness or
incapacity, for a period of sixty (60) consecutive days or three (3) months out of any six (6) month period. Employer may, at its option, upon written notice to Executive,
terminate the Term and his employment hereunder. In the event of disability of the Executive as defined in this Section 7, employer shall continue to pay seventy-five percent (75%)
of Executive's then current salary and benefits for the lesser of one (1) year or the remainder of the Term. 

        8)    Termination for Cause.    

        a)    Employer
shall have the right to terminate the Term and the Executive's employment hereunder for Cause (as defined below). Upon any termination pursuant to this
Section 8, Employer shall pay to the Executive any unpaid Annual Base Salary through the effective date of termination specified in such notice. Employer shall have no further liability
hereunder (other than for reimbursement for reasonable business expenses incurred prior to the date of termination, subject, however, to the provisions of Section 5(a)). 

        b)    For
purposes hereof, the term "Cause" shall mean the Executive's conviction of a felony, the Executive's personal dishonesty directly affecting the Employer, willful
misconduct (which shall require prior written notice to the Executive from the Board unless not curable or such misconduct is materially injurious to Employer), breach of a fiduciary duty involving
personal profit to the Executive or intentional failure to substantially perform his duties after written notice to the Executive from the Board (and a reasonable opportunity to cure such failure)
that, in the reasonable judgment of the Board, the Executive has failed to perform specific duties. 

        9)    Termination Without Cause.    

        a)    At
any time Employer shall have the right to terminate the Term and the Executive's employment hereunder by written notice to the Executive. Any demotion resulting in a
material 

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adverse
change in the duties, responsibilities or role, reporting relationships of the Executive, or change in titles, shall be treated as a termination without cause of the Executive. 

        b)    A
Change in Control (as defined in Section 4 hereof) resulting in either the termination of the Executive or a material adverse change in the duties,
responsibilities or role, reporting relationships of the Executive, or change in titles, shall also be treated as a termination without cause of the Executive. 

        c)     Upon
any termination pursuant to this Section 9.a. (that is not a termination under any of Sections 7, 8, or 10), Employer shall continue to pay (through
Employer's regularly scheduled payroll) to the Executive (A) the Annual Base Salary at the date of termination for six (6) months and (B) pay, within forty-five
(45) days of the last day of employment, any earned Performance Bonus. Employer shall also continue to pay the Employer portion of premiums for the same or substantially similar Welfare
Benefits and the Executive shall be entitled to the other benefits set forth in Section 5(b) and (e) for the six (6) months. In the event such entitlement is not allowed by law,
the Executive shall be entitled to the cash equivalent of that benefit. 

        d)    Upon
any termination pursuant to this Section 9.b. (that is not a termination under any of Sections 7, 8, or 10), Employer shall continue to pay (through
Employer's regularly scheduled payroll) to the Executive (A) the Annual Base Salary at the date of termination for twelve (12) months and (B) pay, within forty-five
(45) days of the last day of employment, any earned Performance Bonus prorated as of the date of termination.    Employer shall also continue to pay the Employer portion of premiums
for the same or substantially similar Welfare Benefits and the Executive shall be entitled to the other benefits set forth in Section 5(b) and (e) for the twelve (12) months. In
the event such entitlement is not allowed by law, the Executive shall be entitled to the cash equivalent of that benefit. 

        e)    The
Options and any previously granted or subsequently granted incentive stock options shall immediately vest and be exercisable pursuant to the terms of the Plan and the
Stock Option Award Agreement, all non-qualified stock options that have not vested as of the date of the termination, shall expire, and all non-qualified stock options that
have vested shall be exercisable pursuant to the terms of the Plan and the Stock Option Award Agreement. Said vested stock options shall be exerciseable and may be sold by Executive subject to no
restrictions by Employer (other than those imposed by the Employer's then current insider trading policy or by federal and state securities laws). 

        f)     The
Employer shall have no further liability hereunder (other than for reimbursement for reasonable business expenses incurred prior to the date of termination, subject,
however, to the provisions of Section 5(a). The Executive shall be entitled to receive all severance payments and benefits hereunder regardless of any future employment undertaken by the
Executive. 

        10)    Termination by Executive.    

        a)    The
Executive shall at all times have the right upon thirty (30) days prior written notice to Employer, to terminate the Term and his employment hereunder. 

        b)    Upon
any termination pursuant to this Section 10 by the Executive without Good Reason (as defined below), Employer shall pay to the Executive any unpaid Annual
Base Salary through the effective date of termination specified in such notice. Employer shall have no further liability hereunder (other than for reimbursement for reasonable business expenses
incurred prior to the date of termination, subject, however, to the provisions of Section 5(a)). 

        c)     Upon
any termination pursuant to this Section 10.e.i or 10.e.ii by the Executive for Good Reason, Employer shall pay to the Executive the same amounts that would
have been payable by 

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Employer
to the Executive under Section 9.c. of this Agreement as if the Executive's employment had been terminated by Employer without Cause. 

        d)    Upon
any termination pursuant to this Section 10.e.iii by the Executive for Good Reason, Employer shall pay to the Executive the same amounts that would have been
payable by Employer to the Executive under Section 9.d. of this Agreement as if the Executive's employment had been terminated by Employer without Cause related to Change in Control. 

        e)    For
purposes of this Agreement, "Good Reason" shall mean: 

        i)     the
assignment to the Executive of any duties inconsistent in any material respect with the Executive's position (including status, offices, titles and reporting
requirements), authority, duties or responsibilities as contemplated by Section 3 of this Agreement, or any other action by Employer which results in a material diminution in such position,
authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by Employer promptly after receipt of
notice thereof given by the Executive. 

        ii)    any
failure by Employer to comply with any of the material provisions of Section 4 of this Agreement, other than an isolated, insubstantial and inadvertent
failure not occurring in bad faith and which is remedied by Employer promptly after receipt of notice thereof given by the Executive; or 

        iii)   in
the event that (A) a Change in Control (as defined in Section 4 hereof) in Employer shall occur during the Term and (B) prior to the earlier of
the expiration of the Term and six (6) months after the date of the Change in Control, the Term and Executive's employment with Employer is terminated by Employer, or new employer as the case
may be, without Cause, as defined in Section 9(a or b) (and other than pursuant to Section 7 by reason of the Executive's death or the Executive's disability) or the Executive
terminates the Term and his employment for Good Reason, as defined in Section 10(d)(i) or (ii). 

        11)    Waivers.    It is understood that either party may waive the strict performance of any covenant or agreement
made herein; however, any waiver made by a party hereto must be duly made in writing in order to be considered a waiver, and the waiver of one covenant or agreement shall not be considered a waiver of
any other covenant or agreement unless specifically in writing as aforementioned. 

        12)    Savings Provisions.    The invalidity, in whole or in part, of any covenant or restriction, or any section,
subsection, sentence, clause, phrase or word, or other provisions of this Agreement, as the same may be amended from time to time shall not affect the validity of the remaining portions thereof. 

        13)    Governing Law.    This Agreement shall be construed in accordance with and governed by the laws of the State of
Connecticut without giving effect to its choice of law provision. 

        14)    Notices.    If either party desires to give notice to the other in connection with any of the terms and
provisions of this Agreement, said notice must be in writing and shall be deemed given when (a) delivered by hand (with written confirmation of receipt); (b) sent by facsimile (with
written confirmation of receipt), provided that a copy is mailed by registered mail, return receipt requested, or (c) when received by the addresses, if sent by a nationally recognized
overnight delivery service) receipt requested), in each case addressed to the party for whom it is intended as follows (or such other 

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addresses
as either party may designate by notice to the other party, at the Parent Employer's or Employer's then principal executive offices): 

	 	 	If to Employer:	 	enherent Corp.

80 Lamberton Road

Windsor, CT 06095

Attn: James Minerly
	

 	
 	

If to Executive:	
 	

Douglas A. Catalano

79 Hidden Valley Rd.

Marshfield, MA 02050

        15)    Default.    In the event either party defaults in the performance of its obligations under this Agreement, the
non-defaulting party may, after giving 30 days' notice to the defaulting party to provide a reasonable opportunity to cure such default, proceed to protect its rights by suit in
equity, action or law, or, where specifically provided for herein, by arbitration, to enforce performance under this Agreement or to recover damages for breach thereof, including all costs and
attorneys' fees, whether settled out of court, arbitrated, or tried (at both trial and appellate levels). 

        16)    No Third Party Beneficiary.    Nothing expressed or implied in this Agreement is intended, or shall be
construed, to confer upon or give any person other than Employer, the parties hereto and their respective heirs, personal representatives, legal representatives, successors and assigns, any rights or
remedies under or by reason of this Agreement. 

        17)    Waiver of Jury Trial.    All parties knowingly waive their rights to request a trial by jury in any litigation
in any court of law, tribunal or legal proceeding involving the parties hereto or any disputes arising out of or related to this Agreement. Any controversy of claim arising out of this Agreement, its
enforcement or interpretation, or alleged breach default or misrepresentation in connection with any of its provisions, shall be submitted to binding arbitration before JAMS-Endispute in
accordance with its rules and procedures for arbitration of employment disputes. The costs of arbitration, including but not limited to, the filing fees, shall be paid for by the Employer. The
Employer and Executive shall be responsible for payment of their own attorneys' fees. 

        18)    Successors.    This Agreement shall inure to the benefit of and be binding upon the Executive and the
Executive's assigns, heirs, representatives or estate. 

        19)    Indemnification.    In the event of a lawsuit, such as but not limited to a shareholder suit, after
Executive's departure from the Employer, or termination of this Agreement for Cause or Termination without Cause, the Employer shall reimburse, the Executive from all reasonable travel costs and
out-of-pocket expenses incurred by Executive in assisting in the defense of such post-employment suit. In addition, the Employer shall to the fullest extent allowed
under its Amended and Restated Certificate of Incorporation and to the fullest extent permitted by law indemnify, defend and hold harmless Executive from any reasonable legal fees incurred in
Executive's assistance in the defense of or damages awarded against Executive from such post-employment lawsuit. 

        20)    Press Releases.    The executive will be given the opportunity to review and comment upon any press release
announcing his departure from the Employer. Employer shall not be obligated to withdraw or revise such press release as a result of the Executive's comments. 

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        IN
WITNESS WHEREOF, by its appropriate officer, signed this Agreement and Executive has signed this Agreement, as or the day and year first above written. 

	 	 	AGREED TO BY:	 	AGREED TO BY:
	 	 	Executive Douglas A. Catalano	 	enherent Corp.

Irwin Sitkin

Chairman, Compensation Committee

Board of Directors
	

 	
 	

By:	
 	

By:
	 	 	 	
	 	

	

 	
 	

Date:	
 	

Date:
	 	 	 	
	 	

10

 
 
 

EXHIBIT A    
    

 
 

RELOCATION PLAN FOR
  Douglas A. Catalano
  Chairman, CEO and President
  enherent, Corp.    
    

        If
at any time during the term of this agreement, Executive decides it is necessary to relocate to be closer to enherent headquarters, enherent will provide the following relocation
reimbursement to Executive. 

        SALE OF HOME:    Reimbursement for real estate sales commission and other expenses associated with sale of home, up to a maximum
of $40,000. 

        TEMPORARY LIVING ALLOWANCE:    Allowance provided to cover lodging, meals, and incidentals while in the moving process. 

        NEW HOME PURCHASE:    Up to $5,000 to cover reasonable and necessary closing costs and other costs associated with the purchase
of a new home. 

        HOUSEHOLD GOODS MOVE:    Packing, insuring, transporting, and unpacking of goods.    Disconnecting and connecting of
appliances. Temporary storage of goods as required up to 90 days. 

        MAXIMUM ALLOWANCE:    Maximum allowance for all of the above would be $55,000. 

11

 
 
 

AMENDMENT TO
  EMPLOYMENT AGREEMENT    
    

        THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is executed this    day
of                        , 2004 by and between enherent Corp. (fka PRT
Group Inc.), a Delaware corporation, with its principal place of business at 80 Lamberton Rd., Windsor, CT 06095 with all of its direct and indirect subsidiaries, (the "Employer") and Douglas
A. Catalano, an individual residing at 79 Hidden Valley Rd., Marshfield, MA 02050 (the "Executive"), as an Amendment to the Employment Agreement dated February 16, 2004 between the parties. 

	1.
	Quarterly
Performance Bonus:

	a)
	This
Amendment contains the specifics of the Quarterly Performance Bonus set forth in Section 4.b of the Employment Agreement.

	b)
	2004
Management Bonus Plan

	i)
	$20,000
gross payment

	ii)
	Quarterly
Bonus

	iii)
	Beat
EBITDA goal as set forth in 2/10/04 Board of Directors meeting by 25%

	2.
	Year
End Performance Bonus:

	a)
	This
Amendment contains the specifics of the Year End Performance Bonus set forth in Section 4.b of the Employment Agreement.

	b)
	2004
Year End Bonus Plan

	i)
	$45,000
gross payment if one or both of the following goals are achieved: 

        A.    The
Company has been, or is in process of being, merged or sold to an acquirer that substantially improves, in opinion of board, the potential return to shareholders,
and/or 

        B.    The
Company achieves the bottom line EBITDA goal for the year as set forth in the approved budget from the 2/10/04 Board of Directors meeting. 

	3.
	All
other terms and conditions of the Employment Agreement remain in full force and effect. 

        IN
WITNESS WHEREOF, by its appropriate officer, signed this Agreement and Executive has signed this Agreement, as or the day and year first above written. 

	 	 	AGREED TO BY:	 	AGREED TO BY:
	 	 	Executive Douglas A. Catalano	 	enherent Corp.

Irwin Sitkin

Chairman, Compensation Committee

Board of Directors
	

 	
 	

By:	
 	

By:
	 	 	 	
	 	

	

 	
 	

Date:	
 	

Date:
	 	 	 	
	 	

12

QuickLinks

Exhibit 10.2

EMPLOYMENT AGREEMENT

EXHIBIT A

RELOCATION PLAN FOR Douglas A. Catalano Chairman, CEO and President enherent, Corp.

AMENDMENT TO EMPLOYMENT AGREEMENT<Page>

                                                                    EXHIBIT 10.5

                             STOCK PLEDGE AGREEMENT

     This STOCK PLEDGE AGREEMENT (as amended, amended and restated, supplemented
or otherwise modified from time to time, this "Agreement"), dated as of June 24,
2003, is made by MAC-GRAY CORPORATION, a Delaware corporation, having a chief
executive office and principal place of business at 22 Water Street, Cambridge,
Massachusetts 02141 (the "Pledgor"), and CITIZENS BANK OF MASSACHUSETTS (the
"Pledgee"), having an office at 28 State Street, Boston, Massachusetts 02109, as
administrative agent for itself and the other Banks.

     WHEREAS, the Banks have agreed to make loans and advances and extend
certain credit facilities to the Pledgor pursuant to a Revolving Credit and Term
Loan Agreement among the Pledgor, the Pledgee and the other Banks named therein,
dated of even date herewith (as amended, amended and restated, supplemented,
extended or otherwise modified from time to time, the "Credit Agreement").
Capitalized terms used but not defined herein shall have the meanings ascribed
to them in the Credit Agreement.

     WHEREAS, it is a condition precedent to the effectiveness of the Credit
Agreement that the Pledgor shall pledge the outstanding capital stock of
Mac-Gray Services, Inc. ("Mac-Gray Services") and Intirion Corporation
("Intirion"), and any after acquired capital stock other than as expressly
provided in the Credit Agreement, to secure the payment and performance of the
Secured Obligations (as hereinafter defined).

     WHEREAS, the Pledgor is currently the legal and beneficial owner of the
shares of capital stock of Mac-Gray Services and Intirion (the "Pledged Shares")
which shares constitute all of the Pledgor's right, title and interest in
Mac-Gray Services and Intirion.

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

     Section 1. PLEDGE. The Pledgor hereby pledges and grants to the Pledgee a
continuing first priority security interest in all of the Pledgor's now existing
or hereafter arising right, title and interest in and to the following property
(collectively, the "Pledged Collateral") to secure all of the Secured
Obligations:

            (i)    the Pledged Shares (which to the extent permitted by law are,
     and shall remain at all times until this Agreement terminates, certificated
     securities) and any interest of the Pledgor in the entries on the books of
     any financial intermediary pertaining to the Pledged Shares;

<Page>

            (ii)   all additional shares of stock of the Pledgor from time to
     time acquired by the Pledgor in any manner (which to the extent permitted
     by law are, and shall remain at all times until this Agreement terminates,
     certificated securities) (which shares shall be deemed to be part of the
     Pledged Shares) and any interest of the Pledgor in the entries on the books
     of any financial intermediary pertaining to such additional shares;

            (iii)  all dividends, cash, options, warrants, rights, instruments,
     distributions, returns of capital, income, profits and other property,
     interests or proceeds from time to time received, receivable or otherwise
     distributed or owing to the Pledgor in respect of, or in exchange for, any
     or all of the Pledged Shares (collectively, "Distributions"); and

            (iv)   all Proceeds (as defined under the UCC as in effect in any
     relevant jurisdiction or under other relevant law) of any of the foregoing
     (i)-(iii), including, without limitation, any and all (a) proceeds of any
     insurance, indemnity, warranty or guarantee payable to the Pledgor at any
     time with respect to any of the Pledged Collateral, (b) payments (in any
     form whatsoever) made or due and payable to the Pledgor in connection with
     any requisition, confiscation, condemnation, seizure or forfeiture of all
     or any part of the Pledged Collateral by any governmental authority (or any
     person acting on behalf of a governmental authority), (c) instruments
     representing obligations to pay amounts in respect of any Pledged Shares,
     and (d) other amounts at any time paid or payable under or in connection
     with any of the Pledged Collateral.

     Section 2. SECURED OBLIGATIONS. This Agreement secures, and the Pledged
Collateral is collateral security for, the prompt payment and performance in
full when due, whether at stated maturity, by acceleration or otherwise
(including, without limitation, the payment of interest and other amounts which
would accrue and become due but for the filing of a petition in bankruptcy or
the operation of the automatic stay under Section 362(a) of the Bankruptcy Code)
of (i) all obligations of the Pledgor now or hereafter existing under or in
respect of the Loan Documents (as defined in the Credit Agreement) and (ii) all
obligations of the Pledgor now or hereafter existing under or in respect of this
Agreement (the obligations described in clauses (i) and (ii) are collectively
referred to as the "Secured Obligations").

     Section 3. NO RELEASE. Nothing set forth in this Agreement shall (i)
relieve the Pledgor from the performance of any term, covenant, condition or
agreement on the Pledgor's part to be performed or observed under or in respect
of any of the Pledged Collateral or from any liability to any person or entity
under or in respect of any of the Pledged Collateral, or (ii) impose any
obligation on the Pledgee to perform or observe any such term, covenant,
condition or agreement on the Pledgor's part to be so performed or observed, or
(iii) impose any liability on the Pledgee for any act or omission on the part of

                                        2
<Page>

the Pledgor relating thereto or for any breach of any representation or warranty
on the part of the Pledgor contained in this Agreement or any other Loan
Document. The obligations of the Pledgor contained in this Section 3 shall
survive the termination of this Agreement and the discharge of the Pledgor's
other obligations hereunder and under the other Loan Documents.

     Section 4.  DELIVERY OF PLEDGED COLLATERAL.

     (a)  All certificates, agreements or instruments representing or evidencing
the Pledged Collateral, to the extent not previously delivered to the Pledgee,
shall immediately upon receipt thereof by the Pledgor be delivered to and held
by or on behalf of the Pledgee pursuant hereto. All Pledged Collateral shall be
in suitable form for transfer by delivery and shall be accompanied by duly
executed instruments of transfer or assignment in blank (with signatures
appropriately guaranteed), all in form and substance satisfactory to the
Pledgee. The Pledgee shall have the right, at any time after the occurrence and
during the continuance of an Event of Default and without notice to the Pledgor,
(i) to endorse, assign or otherwise transfer, or to register in the name of the
Pledgee or any of its nominees, any or all of the Pledged Collateral, and (ii)
to exchange certificates representing or evidencing Pledged Collateral for
certificates of smaller or larger denominations.

     (b)  If any entity in which the Pledgor acquires capital stock after the
date hereof is incorporated in a jurisdiction which does not permit the use of
certificates to evidence equity ownership, then the Pledgor shall, to the extent
permitted by applicable law, record such pledge on the stock register of the
issuer, execute any customary stock pledge forms or other documents necessary or
appropriate to complete the pledge contemplated by this Agreement (including the
right of the Pledgee to transfer such Pledged Shares under the terms hereof) and
shall provide an opinion of counsel, in form and substance satisfactory to the
Pledgee, confirming the validity, perfection and priority of such pledge.

     Section 5. SUPPLEMENTS; FURTHER ASSURANCES.

     (a)  At any time and from time to time, at the expense of the Pledgor, the
Pledgor shall promptly execute and deliver all further instruments and
documents, including supplemental or additional UCC financing statements, and
take all further action that may be necessary or that the Pledgee may request,
in order to perfect and protect any pledge or security interest granted or
purported to be granted hereby or to enable the Pledgee to exercise and enforce
its rights and remedies hereunder with respect to any Pledged Collateral.

     (b)  The Pledgor shall, upon obtaining any new or additional equity or
stock ownership in any entity, including, without limitation, Pledged Shares in
Mac-Gray

                                        3
<Page>

Services, promptly (and in any event within 5 Business Days) deliver to the
Pledgee a pledge amendment in substantially the form of SCHEDULE B hereto (each,
a "Pledge Amendment"), in respect of the additional Pledged Shares which are to
be pledged pursuant to this Agreement, and confirming the attachment of the lien
hereby created on and in respect of such Pledged Collateral. The Pledgor hereby
authorizes the Pledgee to attach each Pledge Amendment to this Agreement and
agrees that all Pledged Shares listed on any Pledge Amendment delivered to the
Pledgee shall for all purposes hereunder be considered Pledged Collateral.

     Section 6. REPRESENTATIONS AND WARRANTIES. The Pledgor represents and
warrants as follows:

            (i)    The Pledgor is, and at the time of any delivery of any
     Pledged Collateral to the Pledgee will be, the sole legal and beneficial
     owner of the Pledged Collateral. All Pledged Collateral is and will be
     owned by the Pledgor free and clear of any lien or other encumbrance except
     for the lien created by this Agreement or as otherwise permitted under the
     Credit Agreement.

            (ii)   The Pledgor has full power, authority and legal right to
     pledge all the Pledged Collateral pursuant to this Agreement.

            (iii)  No consent of any party, and no consent, authorization,
     approval, or other action by, and no notice to or filing with, any
     governmental authority or other person or entity is required either (a) for
     the pledge by the Pledgor of the Pledged Collateral pursuant to this
     Agreement or for the execution, delivery or performance of this Agreement
     by the Pledgor, (b) for the exercise by the Pledgee of the voting or other
     rights provided for in this Agreement, or (c) for the exercise by the
     Pledgee of the remedies in respect of the Pledged Collateral pursuant to
     this Agreement.

            (iv)   All of the Pledged Shares have been, and to the extent
     hereafter issued will be, duly authorized and validly issued and fully paid
     and nonassessable.

            (v)    The Pledgor's residence address is as set forth in the first
     paragraph of this Agreement.

            (vi)   As of the date hereof, other than the capital stock scheduled
     on Schedule 11.06(e) of the Credit Agreement, the Pledged Shares of
     Adirondack constitute all of the capital stock owned by the Pledgor.

            (vii)  The Pledgor has delivered to the Pledgee all certificates
     representing the Pledged Shares and has caused to be filed with the
     Secretary of

                                        4
<Page>

     State of the Commonwealth of Massachusetts UCC financing statements
     evidencing the lien and pledge created by this Agreement, and such
     delivery, filing and pledge of the Pledged Collateral pursuant to this
     Agreement creates a valid and perfected first priority security interest in
     the Pledged Collateral securing the payment of the Secured Obligations.

            (viii) This Agreement constitutes the legal, valid and binding
     obligation of the Pledgor, enforceable against the Pledgor in accordance
     with its terms.

            (ix)   All information set forth herein relating to the Pledged
     Collateral is accurate and complete in all respects.

            (x)    The pledge of the Pledged Collateral pursuant to this
     Agreement does not violate Regulation T, U or X of the Federal Reserve
     Board.

     Section 7. VOTING RIGHTS; DISTRIBUTIONS: ETC.

     (a)  So long as no Event of Default shall have occurred and be continuing:

            (i)    The Pledgor shall be entitled to exercise any and all voting
     and other consensual rights pertaining to the Pledged Shares or any part
     thereof for any purpose not inconsistent with the terms or purpose of this
     Agreement or any of the other Loan Documents; PROVIDED, HOWEVER, that the
     Pledgor shall not in any event exercise such rights in any manner which may
     have an adverse effect on the value of the Pledged Collateral or the
     security intended to be provided by this Agreement.

            (ii)   Except as otherwise provided in this Agreement, the Pledgor
     shall be entitled to receive and retain, and to utilize free and clear of
     the lien of this Agreement, any and all Distributions; PROVIDED, HOWEVER,
     that any and all such Distributions consisting of rights or interests in
     the form of stock or securities shall be, and shall be forthwith delivered
     to the Pledgee to hold as, Pledged Collateral and shall, if received by the
     Pledgor, be received in trust for the benefit of the Pledgee, be segregated
     from the other property or funds of the Pledgor, and be forthwith delivered
     to the Pledgee as Pledged Collateral in the same form as so received (with
     any necessary endorsement).

     (b)  Upon the occurrence and during the continuance of an Event of Default:

            (i)    All rights of the Pledgor to exercise the voting and other
     consensual rights it would otherwise be entitled to exercise pursuant to
     Section 7(a)(i) hereof shall immediately cease, and all such rights shall
     thereupon become

                                        5
<Page>

     vested in the Pledgee, which shall have the sole right to exercise such
     voting and other consensual rights.

            (ii)   All rights of the Pledgor to receive Distributions which it
     would otherwise be authorized to receive and retain pursuant to Section
     7(a)(ii) hereof shall cease, and all such rights shall thereupon become
     vested in the Pledgee, which shall thereupon have the sole right to receive
     and hold as Pledged Collateral such Distributions.

     (c)  The Pledgor shall, at the Pledgor's expense, from time to time,
execute and deliver to the Pledgee appropriate instruments as the Pledgee may
request in order to permit the Pledgee to exercise the voting and other rights
which it may be entitled to exercise pursuant to Section 7(b)(i) hereof and to
receive all Distributions which it may be entitled to receive under Section
7(b)(ii) hereof.

     (d)  All Distributions which are received by the Pledgor contrary to the
provisions of Section 7(b)(ii) hereof shall be received in trust for the benefit
of the Pledgee, shall be segregated from other funds of the Pledgor and shall
immediately be paid over to the Pledgee as Pledged Collateral in the same form
as so received (with any necessary endorsement).

     Section 8. TRANSFERS AND OTHER LIENS; ADDITIONAL EQUITY INTERESTS;
PRINCIPAL OFFICE.

     (a)  The Pledgee does not authorize and the Pledgor agrees not to (i) sell,
convey, assign or otherwise dispose of, or grant any option, right or warrant
with respect to, any of the Pledged Collateral, (ii) create or permit to exist
any lien or other encumbrance upon or with respect to any Pledged Collateral
other than the lien and security interest granted to the Pledgee under this
Agreement, or (iii) permit Adirondack or any other entity acquired after the
date hereof to merge, consolidate or change its legal form, except as expressly
permitted by the Credit Agreement and unless all of the outstanding capital
stock of the surviving or resulting corporation is, upon such merger or
consolidation, pledged hereunder and no cash, securities or other property is
distributed in respect of the outstanding shares of any other constituent
corporation.

     (b)  The Pledgor shall (i) not permit any issuer listed on SCHEDULE A or
any other entity acquired after the date hereof to issue any stock or securities
in addition to, or in substitution for, the Pledged Shares, except to the
Pledgor, and (ii) pledge hereunder, immediately upon its acquisition (directly
or indirectly) thereof, any and all additional stock or securities which are
required to be pledged hereunder.

     (c)  The Pledgor shall not change its jurisdiction of organization without
giving the Pledgee less than 45 days prior written notice of such change.

                                        6
<Page>

     Section 9. REASONABLE CARE. The Pledgee shall be deemed to have exercised
reasonable care in the custody and preservation of the Pledged Collateral in its
possession if the Pledged Collateral is accorded treatment substantially
equivalent to that which the Pledgee, in its individual capacity, accords its
own property consisting of similar instruments or interests, it being understood
that the Pledgee shall not have responsibility for, among other things, (i)
ascertaining or taking action with respect to calls, conversions, exchanges,
maturities, tenders or other matters relating to any Pledged Collateral, whether
or not the Pledgee has or is deemed to have knowledge of such matters, (ii)
taking any necessary steps to preserve rights against any person or entity with
respect to any Pledged Collateral, or (iii) selling, liquidating or disposing of
the Pledged Collateral, or agreeing to allow the Pledgor to do any of the same,
in order to preserve the value of the Pledged Collateral.

     Section 10. REMEDIES UPON DEFAULT; DECISIONS RELATING TO EXERCISE OF
REMEDIES.

     (a)  If any Event of Default shall have occurred and be continuing, the
Pledgee shall have the right, in addition to other rights and remedies provided
for herein or otherwise available to it to be exercised from time to time, (i)
to retain and apply the Distributions to the Secured Obligations, and (ii) to
exercise all the rights and remedies of a Pledgee on default under the UCC in
effect in any applicable jurisdiction at that time, and the Pledgee may also in
its sole discretion, without notice except as specified below, sell the Pledged
Collateral or any part thereof (including, without limitation, any partial
interest in the Pledged Shares) in one or more parcels at public or private
sale, at any exchange, broker's board or at any of the Pledgee's offices or
elsewhere, for cash, on credit or for future delivery, and at such price or
prices and upon such other terms as the Pledgee may deem commercially
reasonable, irrespective of the impact of any such sales on the market price of
the Pledged Collateral. The Pledgee or any of its affiliates may be the
purchaser of any or all of the Pledged Collateral at any such public sale and to
the extent permitted by law, any private sale, and shall be entitled, for the
purpose of bidding and making settlement or payment of the purchase price for
all or any portion of the Pledged Collateral sold at such sale, to use and apply
any of the Secured Obligations as a credit on account of the purchase price of
any Pledged Collateral. Each purchaser at any such sale shall acquire the
property sold absolutely free from any claim or right on the part of the
Pledgor, and the Pledgor hereby waives (to the full extent permitted by law) all
rights of redemption, stay and/or appraisal which it now has or may at any time
in the future have under any rule of law or statute now existing or hereafter
enacted. The Pledgor acknowledges and agrees that, to the extent notice of sale
shall be required by law, 10 days' notice to the Pledgor of the time and place
of any public sale or the time after which any private sale is to be made shall
constitute reasonable notification. The Pledgee shall not be obligated to make
any sale of Pledged Collateral regardless of notice of sale having been given.
The Pledgee may adjourn any public or private sale from time to time by
announcement at the time and place fixed therefor, and such sale may, without

                                        7
<Page>

further notice, be made at the time and place to which it was so adjourned. The
Pledgor hereby waives any claims against the Pledgee arising by reason of the
fact that the price at which any Pledged Collateral may have been sold at such a
private sale was less than the price which might have been obtained at a public
sale, even if the Pledgee accepts the first offer received and does not offer
such Pledged Collateral to more than one offeree.

     (b)  The Pledgor agrees that, by reason of certain prohibitions contained
in the Securities Act of 1933, as amended (the "Securities Act"), and applicable
state securities laws, the Pledgee may be compelled, with respect to any sale of
all or any part of the Pledged Collateral, to limit purchasers to Persons who
will agree, among other things, to acquire the Pledged Collateral for their own
account, for investment and not with a view to the distribution or resale
thereof. The Pledgor acknowledges that any such private sales may be at prices
and on terms less favorable to the Pledgee than those obtainable through a
public sale without such restrictions (including, without limitation, a public
offering made pursuant to a registration statement under any securities laws)
and, notwithstanding such circumstances, agrees that any such private sale shall
be deemed to have been made in a commercially reasonable manner and that the
Pledgee shall have no obligation to engage in public sales and no obligation to
delay the sale of any Pledged Collateral for the period of time necessary to
permit the issuer thereof to register it under the Securities Act or under
applicable state securities laws, even if such issuer would agree to do so.

     (c)  If the Pledgee determines to exercise its right to sell any or all of
the Pledged Collateral, upon written request, the Pledgor shall from time to
time furnish to the Pledgee all such information as the Pledgee may request in
order to determine the number of Pledged Shares included in the Pledged
Collateral which may be sold by the Pledgee as exempt transactions under the
Securities Act and the rules of the Securities and Exchange Commission
thereunder, as the same are from time to time in effect.

     (d)  The Pledgor recognizes that, by reason of certain prohibitions
contained in laws, rules, regulations or orders of any foreign governmental
authority, the Pledgee may be compelled, with respect to any sale of all or any
part of the Pledged Collateral, to limit purchasers to those who meet the
requirements of such foreign governmental authority. The Pledgor acknowledges
that any such sales may be at prices and on terms less favorable to the Pledgee
than those obtainable through a public sale without such restrictions, and,
notwithstanding such circumstances, agrees that any such restricted sale shall
be deemed to have been made in a commercially reasonable manner and that the
Pledgee shall have no obligation to engage in public sales.

     (e)  In addition to any of the other rights and remedies hereunder, the
Pledgee shall have the right to institute a proceeding seeking specific
performance in connection with any of the agreements or obligations hereunder.

                                        8
<Page>

     Section 11. APPLICATION OF PROCEEDS. All Distributions held from time to
time by the Pledgee and all cash proceeds received by the Pledgee in respect of
any sale of, collection from, or other realization upon all or any part of the
Pledged Collateral pursuant to the exercise by the Pledgee of its remedies as a
secured creditor as provided in Section 10 hereof shall be applied from time to
time by the Pledgee as follows:

          FIRST, to the payment of all costs and expenses, fees, commissions and
     taxes of such sale, collection or other realization, including, without
     limitation, reasonable compensation to the Pledgee's agents and counsel;

          SECOND, to the indefeasible payment in full in cash of the Secured
     Obligations; and

          THIRD, to the Pledgor, or its successors or assigns or to whomsoever
     may be lawfully entitled to receive the same or as a court of competent
     jurisdiction may direct, of any surplus then remaining from such proceeds.

     Section 12. OBLIGATIONS ABSOLUTE. All obligations of the Pledgor hereunder
shall be absolute and unconditional irrespective of (i) any bankruptcy,
reorganization or the like of the Pledgor, (ii) any lack of validity or
enforceability of the Loan Documents, (iii) any change in the time, manner or
place of payment of, or in any other term of, all or any of the Secured
Obligations, or any other amendment or waiver of, or any consent to any
departure from the Loan Documents, (iv) any exchange, release or non-perfection
of any other collateral, or any release or amendment or waiver of or consent to
any departure from any guaranty, for all or any of the Secured Obligations; or
(v) any other circumstances which might otherwise constitute a defense available
to, or a discharge of, the Pledgor. The Pledgor hereby waives any and all surety
ship defenses.

     Section 13. EXPENSES. Upon demand, the Pledgor will pay to the Pledgee the
amount of any and all reasonable out of pocket expenses, including the
reasonable fees and expenses of its counsel and the reasonable fees and expenses
of any experts and agents, which the Pledgee may incur in connection with (i)
the collection of the Secured Obligations, (ii) the custody or preservation of,
or the sale of, collection from, or other realization upon, any of the Pledged
Collateral, (iii) the exercise or enforcement of any of the rights of the
Pledgee hereunder, or (iv) the failure by the Pledgor to perform or observe any
of the provisions hereof. All amounts payable by the Pledgor under this Section
shall be due upon demand and shall be part of the Secured Obligations. The
Pledgor's obligations under this Section shall survive the termination of this
Agreement and the discharge of the Pledgor's other obligations hereunder.

                                        9
<Page>

     Section 14. NO WAIVER; CUMULATIVE REMEDIES.

     (a)  No failure on the part of the Pledgee to exercise, no course of
dealing with respect to, and no delay on the part of the Pledgee in exercising,
any right, power or remedy hereunder shall operate as a waiver thereof; nor
shall any single or partial exercise of any such right, power or remedy
hereunder preclude any other or further exercise thereof or the exercise of any
other right, power or remedy. The remedies herein provided are cumulative and
are not exclusive of any remedies provided by law.

     (b)  In the event the Pledgee shall have instituted any proceeding to
enforce any right, power or remedy under this instrument by foreclosure, sale,
entry or otherwise, and such proceeding shall have been discontinued or
abandoned for any reason, then and in every such case, the Pledgor and the
Pledgee shall be restored to their respective former positions and rights
hereunder with respect to the Pledged Collateral, and all rights, remedies and
powers of the Pledgee shall continue as if no such proceeding had been
instituted.

     Section 15. THE PLEDGEE MAY PERFORM. If the Pledgor shall fail to do any
act or thing that it has covenanted to do hereunder or any warranty on the part
of the Pledgor contained herein shall be breached, the Pledgee may (but shall
not be obligated to) do the same or cause it to be done or remedy any such
breach, and may expend funds for such purpose. Any and all amounts so expended
by the Pledgee shall be paid by the Pledgor promptly upon demand therefor, with
interest at the highest rate then in effect under the Loan Documents during the
period from and including the date so expended to the date of repayment. The
Pledgor's obligations under this Section shall survive the termination of this
Agreement and the discharge of the Secured Obligations.

     Section 16. THE PLEDGEE APPOINTED ATTORNEY-IN-FACT. Upon the occurrence and
continuation of an Event of Default, the Pledgor appoints the Pledgee its
attorney-in-fact with an interest, with full authority in the place and stead of
the Pledgor and in the name of the Pledgor, or otherwise, from time to time in
the Pledgee's discretion, to take any action and to execute any instrument
consistent with the terms of this Agreement and the other Loan Documents which
the Pledgee may deem necessary or advisable to accomplish the purposes of this
Agreement. The foregoing grant of authority is a power of attorney coupled with
an interest and such appointment shall be irrevocable for the term of this
Agreement. The Pledgor hereby ratifies all that such attorney shall lawfully do
or cause to be done by virtue hereof.

     Section 17. INDEMNITY.

     (a)  The Pledgor agrees to indemnify, reimburse and hold the Pledgee and
its respective successors, assigns, employees, agents and servants
(collectively, "Indemnitees") harmless from and against any and all liabilities,
obligations, damages,

                                       10
<Page>

injuries, penalties, claims, demands, actions, suits, judgments and any and all
reasonable out of pocket costs and expenses (including, without limitation,
reasonable attorneys' fees and expenses) of whatsoever kind and nature imposed
on, asserted against, or incurred by any of the Indemnitees in any way relating
to or arising out of this Agreement or in any way connected with the
administration of the transactions contemplated hereby or the enforcement of any
of the terms hereof, or the preservation of any rights hereunder; PROVIDED that
the Pledgor shall have no obligation to an Indemnitee hereunder to the extent it
is finally judicially determined that such indemnified liabilities arise solely
from the gross negligence or willful misconduct of such Indemnitee. Upon written
notice by any Indemnitee of the assertion of an indemnified claim hereunder, the
Pledgor shall assume full responsibility for the defense thereof. If any action,
suit or proceeding arising from any of the foregoing is brought against any
Indemnitee, the Pledgor shall, if requested by such Indemnitee, resist and
defend such action, suit or proceeding or cause the same to be resisted and
defended by counsel reasonably satisfactory to such Indemnitee. Each Indemnitee
shall, unless any other Indemnitee has made the request described in the
preceding sentence and such request has been complied with, have the right to
employ its own counsel (or internal counsel) to investigate and control the
defense of any matter covered by the indemnity set forth in this Section, and
the fees and expenses of such counsel shall be paid by the Pledgor; PROVIDED
that, only to the extent no conflict exists between or among the Indemnitees, as
reasonably determined by the Indemnitees, the Pledgor shall not be obligated to
pay the fees and expenses of more than one counsel for all Indemnitees as a
group with respect to any indemnified claim.

     (b)  If and to the extent that the obligations of the Pledgor under this
Section are unenforceable for any reason, the Pledgor hereby agrees to make the
maximum contribution to the payment and satisfaction of such obligations that is
permissible under applicable law.

     (c)  The obligations of the Pledgor contained in this Section shall survive
the termination of this Agreement and the discharge of the Secured Obligations.

     (d)  Any amounts paid by any Indemnitee as to which such Indemnitee has the
right to reimbursement shall constitute Secured Obligations secured by the
Pledged Collateral.

     Section 18. MODIFICATION IN WRITING. No amendment, modification,
supplement, termination or waiver of or to any provision of this Agreement, nor
consent to any departure by the Pledgor therefrom, shall be effective unless the
same shall be in writing and signed by the Pledgee. Any such amendment,
modification, supplement, termination, waiver or consent shall be effective only
in the specific instance and for the specific purpose for which made or given.
Except where notice is specifically required by this Agreement, no notice to or
demand on the Pledgor in any case shall entitle the Pledgor to any other or
further notice or demand in similar or other circumstances.

                                       11
<Page>

     Section 19. TERMINATION. When all the Secured Obligations (other than
Secured Obligations in the nature of continuing indemnities and expense
reimbursement obligations not yet due and payable) have been indefeasibly paid
in full in cash and have been terminated, this Agreement shall terminate. Upon
termination of this Agreement, the Pledgee shall, upon the written request and
at the expense of the Pledgor, forthwith assign, transfer and deliver to the
Pledgor, against receipt and without recourse to or warranty by the Pledgee,
such of the Pledged Collateral as may be in the possession of the Pledgee and as
shall not have been sold or otherwise applied pursuant to the terms hereof, and
shall execute UCC termination statements. The Pledgee shall have no
responsibility to undertake any other actions upon termination of this
Agreement.

     Section 20. NOTICES. Except as otherwise provided herein, any notice or
other communication required or permitted to be given under this Agreement shall
be in writing and may be personally delivered, telecopied, or sent by overnight
courier service or United States mail to the respective party, addressed to it
at the address set forth in the preamble to this Agreement, or to such other
address as shall be designated by such party in a written notice to the other
party complying as to delivery with the terms of this Section. All such notices
and other communications shall be deemed to have been given when delivered in
person, or received by telecopy or overnight mail; or three Business Days after
deposit in the United States mail; PROVIDED that notices to the Pledgee shall
not be effective until received by the Pledgee.

     Section 21. ASSIGNMENT. This Agreement shall be binding upon the Pledgor,
his/her successors, executors, heirs and assigns, and shall inure, together with
the rights and remedies of the Pledgee hereunder, to the benefit of the Pledgee
and each of its successors, transferees and assigns. No other Persons
(including, without limitation, any other creditor of the Pledgor) shall have
any interest herein or any right or benefit with respect hereto. The Pledgor may
not assign its rights or obligations under this Agreement to any other Person.
The Pledgee may assign or otherwise transfer its rights under this Agreement or
any indebtedness held by it secured by this Agreement to any other Person, and
such other Person shall thereupon become vested with all the benefits in respect
thereof granted to the Pledgee, subject however, to the provisions of the Loan
Documents.

     Section 22. GOVERNING LAW. This Agreement shall be governed by, and shall
be construed and enforced in accordance with, the laws of the Commonwealth of
Massachusetts, without regard to principles of conflicts of laws.

     Section 23. CONSENT TO JURISDICTION. All judicial proceedings brought
against the Pledgor with respect to this Agreement may be brought in any state
or federal court of competent jurisdiction in the Commonwealth of Massachusetts
and, by execution and delivery of this Agreement, the Pledgor accepts for itself
and in connection with its

                                       12
<Page>

properties, generally and unconditionally, the nonexclusive jurisdiction of the
aforesaid courts.

     SECTION 24. WAIVER OF TRIAL BY JURY. THE PARTIES HERETO IRREVOCABLY WAIVE
TRIAL BY JURY IN CONNECTION WITH ANY MATTER ARISING OUT OF THIS AGREEMENT.

     Section 25. SEVERABILITY OF PROVISIONS. Any provision of this Agreement
which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof or
affecting the validity or enforceability of such provision in any other
jurisdiction.

     Section 26. EXECUTION IN COUNTERPARTS. This Agreement and any amendments,
waivers, consents or supplements hereto may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed to be an original, but all
such counterparts together shall constitute one and the same agreement.

     Section 27. HEADINGS. The Section headings used in this Agreement are for
convenience of reference only and shall not affect the construction of this
Agreement.

                            [SIGNATURE PAGE FOLLOWS]

                                       13
<Page>

     IN WITNESS WHEREOF, the Pledgor has caused this Agreement to be duly
executed and delivered as of the date first above written.

                                                     MAC-GRAY CORPORATION

                                                     By:
                                                        ------------------------
                                                        Name:
                                                        Title:

AGREED:

CITIZENS BANK OF MASSACHUSETTS

By:
   ---------------------------------
   Name: Michael St. Jean
   Title: Vice President

                                       14
<Page>

                                   SCHEDULE A

<Table>
<Caption>
                                                                                       PERCENTAGE OF
                                                                                          OF ALL
                     CLASS                                                NUMBER         CAPITAL
      ENTITY           OF                PAR         CERTIFICATE            OF           STOCK OF
      ISSUER         STOCK              VALUE           NO(S).            SHARES          ISSUER
     -------         -----              -----           ------            ------          ------
  <S>                 <C>               <C>           <C>                <C>                <C>
     Mac-Gray         Common            $  .01                           100,000            100%
     Services,        Stock
       Inc.

     Intirion         Common            $  .01                            1,000             100%
   Corporation        Stock
</Table>

                                       15
<Page>

                                   SCHEDULE B

                                PLEDGE AMENDMENT

     This Pledge Amendment, dated __________ __, ____, is delivered pursuant to
Section 5(b) of the Stock Pledge Agreement (the "Pledge Agreement"), dated as of
June __, 2003, made by MAC-GRAY CORPORATION, a Delaware corporation, having a
chief executive office and principal place of business at 22 Water Street,
Cambridge, Massachusetts 02141, in favor of CITIZENS BANK OF MASSACHUSETTS,
national banking association, having an office at 100 Federal Street, Boston,
Massachusetts 02110 (the "Pledgee"). Capitalized terms not defined herein shall
have the meanings given to them in the Pledge Agreement.

     The undersigned hereby agrees that this Pledge Amendment may be attached to
the Pledge Agreement. The Pledged Shares listed on this Pledge Amendment shall
be deemed to be, and shall become part of, the Pledged Collateral and shall
secure all of the Secured Obligations. If such Pledged Shares are in the form of
certificates, the undersigned hereby delivers to the Pledgee such certificates
representing such Pledged Shares, together with instruments of transfer signed
or endorsed in blank.

                                                     MAC-GRAY CORPORATION

                                                     By:
                                                        ------------------------
                                                        Name:
                                                        Title:

<Table>
<Caption>
                                                                                        PERCENTAGE OF
                                                                                           OF ALL
                     CLASS                                                NUMBER          CAPITAL
      ENTITY          OF                 PAR         CERTIFICATE            OF            STOCK OF
      ISSUER         STOCK              VALUE           NO(S).            SHARES           ISSUER
     -------         -----              -----           ------            ------           ------
<S>                  <C>                <C>           <C>                <C>                <C>

</Table>

                                       16

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