Document:

EX-10.136

EXHIBIT 10.136

INTERCREDITOR AND SUBORDINATION AGREEMENT

THIS INTERCREDITOR AND SUBORDINATION AGREEMENT (this Agreement), dated as of October 11, 2006,

BETWEEN:

	(1)	 	HALO TECHNOLOGY HOLDINGS, INC., a Nevada corporation (the Borrower);

	(2)	 	THE WHOLLY OWNED SUBSIDIARIES OF THE BORROWER (as such may change from time to time as the
Borrower acquires or disposes of subsidiaries, the Subsidiaries and collectively with the
Borrower, the Credit Parties);

	(3)	 	THE FINANCIAL INSTITUTIONS listed in Part 1 of Schedule 1 (the Senior Lenders); and

	(4)	 	THE HOLDERS OF SUBORDINATED NOTES listed in Part 2 of Schedule 1 (as such schedule is deemed
changed from time to time as new Subordinated Noteholderss become parties to the Subscirption
Agreement, the Subordinated Noteholders and together with the Senior Lenders, the Lenders).

WHEREAS:

	(A)	 	pursuant to certain Subordinated Secured Promissory Notes, dated January 31, 2005 in favor
of each of the Senior Lenders (as amended, the Senior Notes), Borrower has agreed to pay the
Senior Lenders the aggregate principal amount of $2,500,000; and

	(B)	 	the Borrower and the Subordinated Noteholderss and others have entered into a subscription
agreement (the Subordinated Subscription Agreement) and in connection with the Subordinated
Subscription Agreement, in those certain promissory notes (the Subordinated Promissory Notes)
the Borrower has agreed to pay the Subordinated Noteholders the aggregate principal sum of up
to $5,000,000 together with accrued interest.

NOW, THEREFORE, the parties hereto agree as follows:

The parties hereto hereby agree as follows:

	1.	 	DEFINITIONS

	(a)	 	The following terms shall have the following meanings:

Agreement: this Intercreditor and Subordination Agreement.

Collateral: any and all property from time to time subject to security interests to
secure payment or performance of the Senior Obligations.

Collection Action: shall mean (a) to demand, sue for, take or receive from or on behalf
of any Credit Party or any guarantor of the Subordinated Obligations, by set-off or in any
other manner, the whole or any part of any moneys which may now or hereafter be owing by any
Credit Party with respect to the Subordinated Obligations, (b) to initiate or participate
with others in any suit, action or proceeding against any Credit Party to (i) enforce
payment of or to collect the whole or any part of the Subordinated Obligations or (ii)
commence judicial enforcement of any of the rights and remedies under the Subordinated
Transaction Documents or applicable law with respect to the Subordinated Obligations or the
Subordinated Transaction Documents, (c) to accelerate any Subordinated Obligations, or (d)
to exercise any put option or to cause any Credit Party to honor any redemption or mandatory
prepayment obligation under any Subordinated Transaction Document; provided, that,
notwithstanding the foregoing, in the case of the Subordinated Noteholders, “Collection
Action” shall not mean the exercise by a Subordinated Noteholders of its right to exercise
any warrants as provided under the Subordinated Transaction Documents.

Collateral Enforcement Action: shall mean any action by the Subordinated Noteholders to
(a) exercise or seek to exercise any rights or exercise any remedies with respect to any
Collateral, (b) institute any action or proceeding with respect to such rights or remedies,
including, any action of foreclosure or (c) contest, protest or object to any foreclosure
proceeding, postpetition financing, use of cash collateral or action brought by any Senior
Noteholder or to any other exercise by any Senior Noteholder of any rights and remedies
under any Finance Document.

Finance Document: shall mean the Senior Notes and all other documents that from time
to time evidence the Senior Obligations or secure payment or performance thereof.

Insolvency Event: (a) any Credit Party commences any case, proceeding or other action
(i) under any existing or future law of any jurisdiction, domestic or foreign, relating to
bankruptcy, insolvency, reorganization, conservatorship or relief of debtors, seeking to
have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt
or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation,
dissolution, composition or other relief with respect to it or its debts, or (ii) seeking
appointment of a receiver, trustee, custodian, conservator or other similar official for it
or for all or any substantial part of its assets, or any Credit Party making a general
assignment for the benefit of its creditors; or (b) there being commenced against any Credit
Party any case, proceeding or other action of a nature referred to in clause (a) above which
(i) results in the entry of an order for relief or any such adjudication or appointment or
(ii) remains undismissed, undischarged or unbonded for a period of 60 days; or (c) there
being commenced against any Credit Party or any of its subsidiaries any case, proceeding or
other action seeking issuance of a warrant of attachment, execution, distraint or similar
process against all or any substantial part of its assets which results in the entry of an
order for any such relief which shall not have been vacated, discharged, or stayed or bonded
pending appeal within 60 days from the entry thereof; or (d) any Credit Party taking any
action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any
of the acts set forth in clause (a), (b) or (c) above; or (e) any Credit Party generally not
paying, or being unable to pay, or admitting in writing its inability to pay, its debts as
they become due.

Senior Event of Default: any “Event of Default” under any Finance Document.

Senior Obligations: each obligation and liability whether:

(a) present or future, actual, contingent or unliquidated; or

(b) owed jointly or severally (or in any other capacity whatsoever),

of any Credit Party to any Senior Lender under or in connection with any Finance
Document is a Senior Obligation.

Senior Security Documents: all documents and instruments, now existing or hereafter
arising, which create or purport to create a security interest in property to secure payment
or performance of the Senior Obligations including the Senior Security Agreements.

Subordinated Obligations: each obligation and liability whether:

(a) present or future, actual, contingent or unliquidated; or

(b) owed jointly or severally (or in any other capacity whatsoever),

of any Credit Party to the Subordinated Noteholders under or in connection with any
Subordinated Transaction Document is a Subordinated Obligation.

Subordinated Transaction Documents: the Subordinated Promissory Notes and all other
documents that from time to time evidence the Subordinated Obligations or secure payment or
performance thereof.

	(b)	 	The words “hereof,” “herein” and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement, and section and paragraph references are to this Agreement unless otherwise
specified.

	(c)	 	The meanings given to terms defined herein shall be equally applicable to both the singular
and plural forms of such terms.

	(d)	 	The words (i)“includes” and “including” are not limiting; (ii) “or” is not exclusive; (iii)
“all” includes “any” and “any” includes “all” and means “any one or more”; (iv) references to
any instrument, document, mortgage, assignment or agreement of any kind includes any
amendments, restatements or modifications; (v) headings are for convenience only, and do not
affect the meaning of any provision; and (vi) references to the consent, satisfaction,
acceptance, discretion, judgment, option, requirement or approval (or variations of those
terms) of any Senior Noteholder are, unless otherwise specifically indicated, to be
interpreted as if followed by the phrase “in its absolute discretion”.

	2.	 	SUBORDINATION

	(a)	 	Each Credit Party and the Subordinated Noteholders agrees, for itself and each future holder
of the Subordinated Obligations, that the Subordinated Obligations are expressly “subordinate
and junior in right of payment” (as that phrase is defined in paragraph 2(b)) to all Senior
Obligations.

	(b)	 	“Subordinate and junior in right of payment” means, for purposes of paragraph 2(a), that (i)
no part of the Subordinated Obligations shall have any claim to the assets of any Credit Party
on a parity with or prior to the claim of the Senior Obligations; and (ii) unless and until
the Senior Obligations have been paid in full, then, without the express prior written consent
of the Senior Lenders, no Subordinated Noteholders will take, demand or receive from any
Credit Party, and no Credit Party will make, give or permit, directly or indirectly, by
setoff, redemption, purchase or in any other manner, any payment of (of whatever kind or
nature, whether in cash, property, securities or otherwise) the Subordinated Obligations
provided, however, that the Subordinated Noteholders may be issued common stock of the
Borrower pursuant to the conversion of the Subordinated Notes in accordance with the terms of
the Subordinated Notes (provided that the conversion terms set forth therein are not amended
or modified after the date hereof without the prior written consent of the Senior Lenders
(provided that the conversion terms set forth therein are not amended or modified after the
date hereof without the prior written consent of the Senior Lenders), and provided, further
however, that so long as an Event of Default has not occurred and is continuing, (i) the
Borrower may make, and the Subordinated Noteholders may receive, regularly scheduled payments
(not prepayments) of interest on the Subordinated Promissory Notes in accordance with the
terms thereof (provided that the scheduled interest payments set forth therein are not amended
or modified after the date hereof without the prior written consent of the Senior Lenders)
determined on a non-accelerated basis (without giving effect to any default rate of interest
thereunder) and (ii) the Borrower may prepay the Subordinated Obligations in full out of the
proceeds of any new equity contributions made in the Borrower which were not intended to be
used in connection with the financing of an Acquisition to the extent such equity
contributions are sufficient to prepay the Subordinated Obligations and may partially prepay
the Subordinated Obligations if such proceeds are not sufficient to pay the Subordinated
Obligations in full.

	(c)	 	The expressions “prior payment in full,” “payment in full,” “paid in full” and any other
similar terms or phrases when used in this Agreement shall mean the irrevocable and
indefeasible payment in full, in immediately available funds, of all of the Senior
Obligations. The phrase “equity contributions” shall mean any capital raise that is not a
Senior Obligation or required as a condition to any Advance under the Senior Credit Agreement.

(d) The Subordinated Creditor acknowledges and agrees that, in addition to its
covenants hereunder, the Subordinated Obligations are and shall be junior and subordinate to
the those senior obligations as to the extent and in the manner set forth in that certain
Subordination Agreement dated as of even date herewith made by the Subordinated Creditor,
the Borrower, the Subsidiaries of the Borrower listed on Schedule I thereof, and Fortress
Credit Corp (the “Senior Subordination Agreement”). Both the Senior Lenders and the
Subordinated Creditor acknowledge and agree that their respective rights and obligations
under this Agreement shall not be effective until the second Business Day following the
91st day following the the day the Senior Obligations (as such term is defined
in the Senior Subordination Agreement) have been Paid in Full (as such term is defined in
the Senior Subordination Agreement).

(e) Each of the Senior Lenders acknowledges and agrees that the Senior Obligations are and
shall remain junior and subordinate to the those senior obligations as to the extent and in
the manner set forth in that certain Intercreditor and Subordination agreement dated as of
August 2, 2005 among the Borrower, the Subsidiaries listed therein, and Fortress Credit
Corp.

	3.	 	ADDITIONAL PROVISIONS CONCERNING SUBORDINATION

	(a)	 	The Subordinated Noteholders and each Credit Party agree that upon the occurrence of any
Insolvency Event:

	 	(i)	 	all Senior Obligations shall be paid in full before any payment or distribution
of whatever kind or nature is made with respect to the Subordinated Obligations; and

	 	(ii)	 	any payment or distribution of assets of any Credit Party, whether in cash,
property or securities (other than as permitted under clause (a)(1) of this Section 3),
to which the Subordinated Noteholders would be entitled except for the provisions
hereof, shall be paid or delivered by such Credit Party, or any receiver, trustee in
bankruptcy, liquidating trustee, disbursing agent or other Person making such payment
or distribution, directly to the Senior Lenders, to the extent necessary to pay in full
all Senior Obligations, before any payment or distribution of any kind or nature shall
be made to the Subordinated Noteholders.

	(b)	 	Upon the occurrence of any Insolvency Event:

	 	(i)	 	the Subordinated Noteholders irrevocably authorizes and empowers the Senior
Lenders (A) to demand, sue for, collect and receive every payment or distribution on
account of the Subordinated Obligations payable or deliverable in connection with such
event or proceeding and give acquittance therefor, (B) to file claims and proofs of
claim in any statutory or non-statutory proceeding if the Subordinated Noteholders has
not demonstrated to the satisfaction of the Senior Lenders, no later than 30 days prior
to the applicable bar date, that such Subordinated Noteholders has filed an appropriate
claim or proof of claim, and (C) to take such other actions, in its own name, or in the
name of the Subordinated Noteholders or otherwise, as the Senior Lenders may deem
necessary or advisable for the enforcement of the provisions of this Agreement;
provided, however, that the foregoing authorization and empowerment imposes no
obligation on the Senior Lenders to take any such action;

	 	(ii)	 	the Subordinated Noteholders shall take such action, duly and promptly, as the
Senior Lenders may request from time to time (A) to collect the Subordinated
Obligations for the account of the Senior Lenders and (B) to file appropriate proofs of
claim in respect of the Subordinated Obligations; and

	 	(iii)	 	the Subordinated Noteholders shall execute and deliver such powers of
attorney, assignments or proofs of claim or other instruments as the Senior Lenders may
request to enable the Senior Lenders to enforce any and all claims in respect of the
Subordinated Obligations and to collect and receive any and all payments and
distributions which may be payable or deliverable at any time upon or in respect of the
Subordinated Obligations.

	(c)	 	If any payment or distribution, whether consisting of money, property or securities, shall be
collected or received by the Subordinated Noteholders in respect of the Subordinated
Obligations, except payments permitted to be made at the time of payment as provided in
paragraph 2(b), such Subordinated Noteholders shall forthwith deliver the same to the Senior
Lenders, in the form received, duly indorsed to the Senior Lenders, if required, to be applied
to the payment or prepayment of the Senior Obligations until the Senior Obligations are paid
in full. Until so delivered, such payment or distribution shall be held in trust by such
Subordinated Noteholders as the property of the Senior Lenders, segregated from other funds
and property held by the Subordinated Noteholders. Following payment in full of the Senior
Obligations, Senior Lenders will remit to the Subordinated Noteholders as promptly as
practicable, to the extent of the Subordinated Noteholders’s interest therein, all payments or
distributions paid (by the Subordinated Noteholders) to and held by Senior Lenders in excess
of the Senior Obligations as provided in Section 4(e) of this Agreement.

	(d)	 	Until the Senior Obligations are paid in full, the Subordinated Noteholders shall not take
any Collection Action or Collateral Enforcement Action with respect to the Subordinated
Obligations.

	4.	 	RIGHTS IN COLLATERAL

	(a)	 	Notwithstanding anything to the contrary contained in any Finance Document or any
Subordinated Transaction Document and irrespective of:

	 	(i)	 	the time, order or method of attachment or perfection of the security interests
created by any Senior Security Document;

	 	(ii)	 	the time or order of filing or recording of financing statements or other
documents filed or recorded to perfect security interests in any Collateral;

	 	(iii)	 	anything contained in any filing or agreement to which the Senior Lenders or
the Subordinated Noteholders now or hereafter may be a party; and

	 	(iv)	 	the rules for determining perfection or priority under the Uniform Commercial
Code or any other law governing the relative priorities of secured creditors;

any security interest in any Collateral pursuant to any Senior Security Document has and
shall have priority, to the extent of any unpaid Senior Obligations, over any security
interest in such Collateral pursuant to any Subordinated Transaction Document.

	(b)	 	So long as the Senior Obligations have not been paid in full and any Senior Security Document
remains in effect, whether or not any Insolvency Event has occurred,

	 	(i)	 	the Subordinated Noteholders will not take any Collateral Enforcement Action;
and

	 	(ii)	 	the Senior Lenders and, subject to the Finance Documents, any Senior Lenders
shall have the exclusive right to enforce rights and exercise remedies with respect to
the Collateral and the Senior Lenders shall not be required to marshal any Collateral.

	(c)	 	In exercising rights and remedies with respect to the Collateral, the Senior Lenders and,
subject to the Finance Documents, the Senior Lenders may enforce the provisions of the Senior
Security Documents and exercise remedies thereunder and under any other Finance Documents, all
in such order and in such manner as it or they may determine in the exercise of its or their
sole business judgment. Such exercise and enforcement shall include the rights to sell or
otherwise dispose of Collateral, to incur expenses in connection with such sale or disposition
and to exercise all the rights and remedies of a secured lender under the Uniform Commercial
Code of any applicable jurisdiction. In conducting any public or private sale under the
Uniform Commercial Code, the Senior Lenders shall give the Subordinated Noteholders such
notice of such sale as may be required by the applicable Uniform Commercial Code; provided,
however, that 10 days’ notice shall be deemed to be commercially reasonable notice.

	(d)	 	When all Senior Obligations have been paid in full and the Senior Security Documents no
longer are in effect, subject to the requirements of the Finance Documents, the Subordinated
Noteholders shall have the right to enforce the provisions of the Subordinated Promissory
Notes and exercise remedies thereunder.

	(e)	 	Any money, property or securities realized upon the sale, disposition or other realization by
the Senior Lenders upon all or any part of the Collateral, or otherwise received by Senior
Lenders under any provision of this Agreement shall be applied by the Senior Lenders in the
following order:

	 	(i)	 	first, to the payment of any and all expenses incurred by the Senior Lenders on
and after the date of this Agreement in connection with the performance of its duties
under this Agreement for which reimbursement has not been made by the Company;

	 	(ii)	 	second, to the Senior Lenders in an amount equal to each such Lender’s pro-rata
share of accrued but unpaid interest on the Senior Obligations;

	 	(iii)	 	third, to the Senior Lenders in an amount equal to each such Lender’s pro-rata
share of the unpaid principal balance of the Senior Obligations and any other unpaid
Senior Obligations;

	 	(iv)	 	fourth, to each Senior Lender in an amount equal to all other amounts then
owing to each such Senior Lender under any Finance Document; and

	 	(v)	 	fifth, any sums remaining after such applications and disbursements shall be
paid to such Persons entitled thereto or as a court of competent jurisdiction shall
direct.

	(f)	 	The Senior Lenders’s rights with respect to the Collateral include the right to release any
or all of the Collateral from the liens under any Senior Security Document in connection with
any sale of all or any portion of the Collateral notwithstanding that the net proceeds of any
such sale may not be used to permanently prepay any Senior Obligations or Subordinated
Obligations. The Subordinated Noteholders is hereby deemed to have consented to such sale(s).
The Subordinated Noteholders hereby irrevocably constitutes and appoints the Senior Lenders
and any officer of the Senior Lenders, with full power of substitution, as its true and lawful
attorney-in-fact with full irrevocable power and authority in the place and stead of the
Subordinated Noteholders and in the name of the Subordinated Noteholders or in the Senior
Lenders’s own name, from time to time in the Senior Lenders’s discretion, for the purpose of
carrying out the terms of this paragraph, to take any and all appropriate action and to
execute any and all documents and instruments which may be necessary or desirable to
accomplish the purposes of this paragraph. The Subordinated Noteholders hereby ratifies all
that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney
granted in this paragraph. No person to whom this power of attorney is presented, as
authority for Senior Lenders to take any action or actions contemplated hereby, shall be
required to inquire into or seek confirmation from the Subordinated Noteholders as to the
authority of Senior Lenders to take any action described herein, or as to the existence of or
fulfillment of any condition to this power of attorney, which is intended to grant to Senior
Lenders unconditionally the authority to take and perform the actions contemplated herein. The
Subordinated Noteholders irrevocably waives any right to commence any suit or action, in law
or equity, against any person or entity which acts in reliance upon or acknowledges the
authority granted under this power of attorney.

	5.	 	CONSENT OF SUBORDINATED NOTEHOLDERS

	(a)	 	The Subordinated Noteholders consents that, without the necessity of any reservation of
rights against the Subordinated Noteholders, and without notice to or further assent by the
Subordinated Noteholders:

	 	(i)	 	any demand for payment of any Senior Obligations made by any Senior Lender may
be rescinded in whole or in part by such Senior Lender, and any Senior Obligations may
be continued, and the Senior Obligations, or the liability of any Credit Party or any
other party upon or for any part thereof, or any collateral security or guarantee
therefor or right of offset with respect thereto, or any obligation or liability of any
Credit Party or any other party under any Finance Document or any other agreement, may,
from time to time, in whole or in part, be renewed, extended, modified, accelerated,
compromised, waived, surrendered, or released by the Senior Lenders; and

	 	(ii)	 	the Finance Documents may be amended, modified, extended, supplemented,
restated, refinanced, refunded, restructured or terminated, in whole or in part, as the
Senior Lenders may deem advisable from time to time, and any collateral security at any
time held by any Senior Lender for the payment of any of the Senior Obligations may be
sold, exchanged, waived, surrendered or released.

	(b)	 	The Subordinated Noteholders waives any and all notice of the creation, renewal, extension or
accrual of any of the Senior Obligations and notice of or proof of reliance by the Senior
Lenders upon this Agreement. The Senior Obligations, and any of them, shall be deemed
conclusively to have been created, contracted or incurred in reliance upon this Agreement, and
all dealings between any Credit Party, on one hand, and any Senior Lender, on the other hand,
shall be deemed to have been consummated in reliance upon this Agreement. The Subordinated
Noteholders acknowledges and agrees that the Senior Lenders have relied upon the subordination
provided for herein in entering into the Senior Credit Agreement and in making funds available
to any Borrower thereunder. The Subordinated Noteholders waives notice of or proof of reliance
on this Agreement and protest, demand for payment and notice of default.

	6.	 	NEGATIVE COVENANTS OF THE SUBORDINATED NOTEHOLDERS

So long as any of the Senior Obligations shall remain outstanding, the Subordinated
Noteholders shall not, without the prior written consent of the Senior Lenders:

	 	(a)	 	sell, assign, or otherwise transfer, in whole or in part, the Subordinated
Obligations or any interest therein to any other Person (a “Transferee”) or create,
incur or suffer to exist any security interest, lien, charge or other encumbrance
whatsoever upon the Subordinated Obligations in favor of any Transferee unless (i) such
action is made expressly subject to this Agreement and (ii) the Transferee expressly
acknowledges to the Senior Lenders, by a writing in form and substance reasonably
satisfactory to the Senior Lenders, the subordination provided for herein and agrees to
be bound by all of the terms hereof;

	 	(b)	 	permit any of the Subordinated Transaction Documents to be amended, modified or
otherwise supplemented (including by way of changes to definitions) in any manner which
would have the effect of (i) increasing the maximum principal amount of the
Subordinated Obligations or rate of interest on any of the Subordinated Obligations or
fees payable in respect thereof, (ii) changing or adding or tightening any event of
default or any covenant with respect to the Subordinated Obligations, (iii) changing
any redemption or prepayment provisions of the Subordinated Obligations, (iv) altering
the subordination provisions with respect to the Subordinated Obligations, including
subordinating the Subordinated Obligations to any other debt, (v) shortening the dates
upon which payments of principal or interest are due on any of the Subordinated
Obligations, or (vi) changing or amending any other term of the Subordinated
Transaction Documents if such change or amendment would increase the obligations of any
Credit Party or confer additional rights on the Subordinated Noteholders or any other
holder of the Subordinated Obligations in a manner adverse (in the judgment of the
Senior Lenders) to any Credit Party or the Senior Lenders, and the parties hereto agree
that any such amendment shall be null and void ab initio and without legal force and
effect;

	 	(c)	 	commence, or join with any creditors other than the Senior Lenders in
commencing any case or proceeding referred to in the definition of Insolvency Event.

	7.	 	SENIOR OBLIGATIONS UNCONDITIONAL

All rights and interests of the the Senior Lenders hereunder, and all agreements and
obligations of the Subordinated Noteholders and the Credit Parties hereunder, shall remain
in full force and effect irrespective of:

	 	(a)	 	any lack of validity or enforceability of any of the terms of any Finance
Document or Subordinated Transaction Documents;

	 	(b)	 	subject to paragraph 5(a), any change in the time, manner or place of payment
of, or in any other term of, all or any of the Senior Obligations, or any amendment or
waiver or other modification, whether by course of conduct or otherwise, of any of the
terms of any Finance Document;

	 	(c)	 	any exchange, release or non-perfection of any security interest in any
Collateral, or any release, amendment, waiver or other modification, whether in writing
or by course of conduct or otherwise, of all or any of the Senior Obligations or any
guarantee thereof; or

	 	(d)	 	any other circumstances which otherwise might constitute a defense available
to, or a discharge of, any Credit Party in respect of the Senior Obligations, or of the
Subordinated Noteholders or any Credit Party in respect of this Agreement.

	8.	 	NO REPRESENTATION BY SENIOR LENDERS

The Senior Lenders have not made and do not hereby or otherwise make to the
Subordinated Noteholders, any representations or warranties, express, or implied. The Senior
Lenders do not assume any liability to the Subordinated Noteholders with respect to: (a) the
financial or other condition of obligors under any instruments of guarantee with respect to
the Senior Obligations, (b) the enforceability, validity, value or collectibility of the
Senior Obligations or the Subordinated Obligations, any collateral therefor, or any
guarantee or security which may have been granted in connection with any of the Senior
Obligations or the Subordinated Obligations or (c) any Credit Party’s title or right to
transfer any collateral or security.

	9.	 	WAIVER OF CLAIMS

To the maximum extent permitted by law, the Subordinated Noteholders waives any claim
it might have against the Senior Lenders with respect to, or arising out of, any action or
failure to act or any error of judgment, negligence, or mistake or oversight whatsoever on
the part of any Senior Lender or their respective directors, officers, employees or agents
with respect to any exercise of rights or remedies under the Finance Documents or any
transaction relating to the Collateral. Neither any Senior Lender, nor any of their
respective directors, officers, employees or agents shall be liable for failure to demand,
collect or realize upon any of the Collateral or for any delay in doing so or shall be under
any obligation to sell or otherwise dispose of any Collateral upon the request of any Credit
Party or the Subordinated Noteholders or any other Person or to take any other action
whatsoever with regard to the Collateral or any part thereof.

	10.	 	PROVISIONS APPLICABLE AFTER BANKRUPTCY

The provisions of this Agreement shall continue in full force and effect
notwithstanding the occurrence of any Insolvency Event. To the extent that the Subordinated
Noteholders has or acquires any rights under Section 362, 363 or 364 of the Bankruptcy Code
with respect to the Collateral, the Subordinated Noteholders hereby agrees not to assert
such rights without the prior written consent of the Senior Lenders; provided, that if
requested by the Senior Lenders, the Subordinated Noteholders shall seek to exercise such
rights in the manner requested by the Senior Lenders, including the rights in payments in
respect of such rights. Without limiting the generality of the foregoing sentence, to the
extent that Senior Lenders consent to any Credit Party’s use of cash collection under
Section 363 of the Bankruptcy Code or any Senior Lender agrees to provide financing to any
Borrower under Section 364 of the Bankruptcy Code, the Subordinated Noteholders hereby
agrees not to impede, object to (on grounds of lack of adequate protection, or otherwise),
or otherwise interfere with such use of cash collateral or financing. The Subordinated
Noteholders specifically agrees that the Senior Lenders may consent to any Credit Party’s
use of cash collateral or provide financing to any Credit Party on such terms and conditions
and in such amounts as the Senior Lenders, in their sole discretion, may decide and that, in
connection with such cash collateral usage or such financing, any Credit Party (or a trustee
appointed for the estate of such Credit Party) may grant to the Senior Lenders liens and
security interests upon all or any part of the assets of any Borrower or other Credit Party,
which liens and security interests: (i) shall secure payments of all Senior Obligations
(whether such Senior Obligations arose prior to the filing of the bankruptcy petition or
thereafter); and (ii) shall be superior in priority to the liens on and security interests
in the assets of any Borrower or other Credit Party held by the Subordinated Noteholders.
The Subordinated Noteholders (both in its capacity as a Subordinated Noteholders and in its
capacity (if any) as a party which may be obligated to any Credit Party or any Credit
Party’s Affiliates with respect to contracts which are part of any Senior Lender’s
Collateral) agrees not to initiate or prosecute or encourage any other Person to initiate or
prosecute any claim, action, objection or other proceeding (A) challenging the
enforceability of the claim of any Senior Lender, (B) challenging the enforceability of any
liens or security interests in any assets securing the Senior Obligations, or (C) asserting
any claims which any Credit Party may hold with respect to any Senior Lender. All
allocations of payments among the Senior Lenders and the Subordinated Noteholders shall,
subject to any court order, continue to be made after the filing of a petition under the
United States Bankruptcy Code, as amended (the “Bankruptcy Code”), or any similar
proceeding, on the same basis that the payments were to be allocated prior to the date of
such filing. The Subordinated Noteholders agrees that it will not object to or oppose a sale
or other disposition of any assets securing the Senior Obligations (or any portion thereof)
free and clear of its security interests, liens or other claims under Section 363 of the
Bankruptcy Code or any other provision of the Bankruptcy Code if the Senior Lenders have
consented to such sale or disposition of such assets. The Subordinated Noteholders agrees
not to assert any right it may have to “adequate protection” of its interest in the
Collateral in any bankruptcy proceeding and agrees that it will not seek to have the
automatic stay lifted with respect to such security, without the prior written consent of
the Senior Lenders. The Subordinated Noteholders waives any claim it may now or hereafter
have against any Senior Lender arising out of the election of any Senior Lender, in any case
instituted under the Bankruptcy Code, of the application of Section 1111(b)(2) of the
Bankruptcy Code, and/or out of any cash collateral arrangement, or financing arrangement, or
out of any grant of a security interest, under Section 363 or 364 of the Bankruptcy Code,
with or by any Credit Party, as debtor in possession (or with or by any trustee for any
Credit Party). The Subordinated Noteholders agrees that it will not, in its capacity as a
secured creditor: (a) propose, vote to accept, or otherwise support confirmation of, a plan
of reorganization opposed by any Senior Lender, or (b) vote to reject, object to
confirmation of, or otherwise oppose confirmation of, a plan of reorganization supported by
the Senior Lenders. The subordination and other provisions of this Agreement shall be
enforceable under Section 510(a) of the Bankruptcy Code.

	11.	 	FURTHER ASSURANCES

The Subordinated Noteholders and the Credit Parties, at the Credit Parties’ expense and
at any time from time to time, upon the written request of any Senior Lender, will promptly
and duly execute and deliver such further instruments and documents and take such further
actions as any Senior Lender reasonably may request for the purposes of obtaining or
preserving the full benefits of this Agreement and of the rights and powers herein granted.

	12.	 	EXPENSES

	(a)	 	Each Credit Party will pay or reimburse the Senior Lenders and the Subordinated Noteholders,
upon demand, for all of their respective costs and expenses in connection with the enforcement
or preservation of any rights under this Agreement, including fees and disbursements of
counsel to the Senior Lenders and the Subordinated Noteholders.

	(b)	 	Each Credit Party will pay, indemnify, and hold the Senior Lenders and the Subordinated
Noteholders harmless from and against any and all other liabilities, obligations, losses,
damages, penalties, actions (whether sounding in contract, tort or on any other ground),
judgments, suits, costs, expenses and disbursements of any kind or nature whatsoever with
respect to the execution, delivery, enforcement, performance and administration of, or in any
other way arising out of or relating to this Agreement or any action taken or omitted to be
taken by any Senior Lender or Subordinated Noteholders with respect to any of the foregoing.

	(c)	 	Notwithstanding anything contained in this paragraph 12, all amounts owed by any Credit Party
to the Subordinated Noteholders pursuant to this paragraph 12 shall be Subordinated
Obligations under this Agreement and shall be paid only in accordance with the terms and
provisions of this Agreement.

	13.	 	PROVISIONS DEFINE RELATIVE RIGHTS

This Agreement is intended solely for the purpose of defining the relative rights of
the Senior Lenders on the one hand and the Subordinated Noteholders on the other, and no
other Person shall have any right, benefit or other interest under this Agreement. Except as
expressly set forth in this Agreement, nothing herein shall: (a) impair, as between any
Credit Party and the Senior Lenders and any Credit Party and the Subordinated Noteholders,
the obligation of such Credit Party, which is absolute and unconditional, to pay principal
of, interest on and all other portions of the Senior Obligations, and the Subordinated
Obligations, respectively, and all other obligations of such Credit Party, to any Senior
Lender or the Subordinated Noteholders, under the Finance Documents or the Subordinated
Transaction Documents, as the case may be, in each case in accordance with their respective
terms; or (b) affect the relative rights of the Senior Lenders or the Subordinated
Noteholders with respect to any other creditors of any Credit Party.

	14.	 	SUBROGATION

Subject to the indefeasible payment in full of all Senior Obligations, the Subordinated
Noteholders shall with respect to the Subordinated Obligations be subrogated to the rights
of the Senior Lenders to receive payments or distributions of assets of any Credit Party
applicable to the Senior Obligations until the principal of, and interest and premium, if
any, on, and all other amounts payable in respect of the Senior Obligations shall be paid in
full. For purposes of such subrogation, no payment or distribution to the Senior Lenders
under the provisions hereof to which the Subordinated Noteholders would have been entitled
but for the provisions of this Agreement, and no payment pursuant to the provisions of this
Agreement to the Senior Lenders by the Subordinated Noteholders, as among any Credit Party
and its creditors other than the Senior Lenders, shall be deemed to be a payment by such
Credit Party to or on account of the Senior Obligations.

	15.	 	LEGEND

The Subordinated Noteholders and each Credit Party will cause the Subordinated
Promissory Notes to bear a legend referring to this Agreement and indicating that such
documents are subordinated as provided herein, all in form and substance satisfactory to the
Senior Lenders.

	16.	 	POWERS COUPLED WITH AN INTEREST

All powers, authorizations and agencies contained in this Agreement are coupled with an
interest and are irrevocable until the Senior Obligations are paid in full.

	17.	 	NOTICES

All notices, requests and demands to or upon the Senior Lenders or any Credit Party or
the Subordinated Noteholders to be effective shall be in writing (or by telex, fax or
similar electronic transfer confirmed in writing) and shall be deemed to have been duly
given or made (1) when delivered by hand or (2) if given by mail, when deposited in the
mails by certified mail, return receipt requested, or (3) if by telex, fax or similar
electronic transfer, when sent and receipt has been confirmed, addressed as follows:

If to the Senior Lenders:

If to the Credit Parties:

c/o HALO Technology Holdings, Inc.

200 Railroad Avenue

Greenwich, Connecticut 06830

Attention: Ernest Mysogland

Telecopier No.: 203-422-5329

Telephone No.: 203-422-2950

The Senior Lenders, the Credit Parties and the Subordinated Noteholders may change
their respective addresses and transmission numbers for notices by notice in the manner
provided in this paragraph.

	18.	 	DEFAULT NOTICES

The Subordinated Noteholders shall provide the Senior Lenders with written notice of
any event of default with respect to, or acceleration of, all or any part of the
Subordinated Obligations concurrently with the sending thereof to any Credit Party and
promptly shall notify the Senior Lenders in the event a default which is the subject of such
a notice is cured or waived.

	19.	 	COUNTERPARTS

This Agreement may be executed by one or more of the parties on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one
and the same instrument. A set of the counterparts of this Agreement signed by all the
parties shall be lodged with the Senior Lenders.

	20.	 	SEVERABILITY

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, and
any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

	21.	 	INTEGRATION

This Agreement represents the agreement of the the Senior Lenders, the Subordinated
Noteholders and each Credit Party with respect to the subject matter hereof and there are no
promises or representations by the Senior Lenders or the Subordinated Noteholders relative
to the subject matter hereof not reflected herein.

	22.	 	AMENDMENTS IN WRITING; NO WAIVER: CUMULATIVE REMEDIES

	(a)	 	None of the terms or provisions of this Agreement may be waived, amended, supplemented or
otherwise modified except by a written instrument executed by each Senior Lender, each Credit
Party and the Subordinated Noteholders; provided that any provision of this Agreement in favor
of Senior Lenders may be waived by the Senior Lenders in a letter or agreement executed by the
Senior Lenders or by telex or facsimile transmission from the Senior Lenders. In addition,
until the senior obligations under the Credit Agreement have been Paid in Full (as such term
is defined in the Senior Subordination Agreement) none of the terms or provisions of this
Agreement may be waived, amended, supplemented or otherwise modified except with the written
consent of Fortress (which may be withheld in its sole discretion).

	(b)	 	No failure to exercise, nor any delay in exercising, on the part of any Senior Lender, any
right, power or privilege hereunder shall operate as a waiver thereof. No single or partial
exercise of any right, power or privilege hereunder shall preclude any other or further
exercise thereof or the exercise of any other right, power or privilege.

	(c)	 	The rights and remedies herein provided are cumulative, may be exercised singly or
concurrently and are not exclusive of any other rights or remedies provided by law.

	23.	 	SECTION HEADINGS

The section headings used in this Agreement are for convenience of reference only and
are not to affect the construction hereof or be taken into consideration in the
interpretation hereof.

	24.	 	SUCCESSORS AND ASSIGNS

This Agreement shall be binding upon and shall inure to the benefit of each Senior Lender,
the Subordinated Noteholders, each Credit Party and each of their respective heirs,
administrators, executors, successors and assigns.

	25.	 	INVALIDATED PAYMENTS

To the extent that the Senior Lenders receives payments on, or proceeds of Collateral
for, the Senior Obligations which are subsequently invalidated, declared to be fraudulent or
preferential, set aside and/or required to be repaid to any Credit Party, a trustee,
receiver or any other party under any bankruptcy law, state or federal law, common law, or
equitable cause, then to the extent of such payment or proceeds received, the Senior
Obligations, or part thereof, intended to be satisfied shall be revived (and no longer be
deemed to be paid in full) and continue in full force and effect as if such payments or
proceeds had not been received by the Senior Lenders.

	26.	 	SPECIFIC PERFORMANCE

The Senior Lenders is hereby authorized to demand specific performance of this
Agreement at any time when the Subordinated Noteholders shall have failed to comply with any
of the provisions of this Agreement applicable to the Subordinated Noteholders whether or
not the Credit Parties shall have complied with any of the provisions hereof applicable to
any Credit Party, and the Subordinated Noteholders hereby irrevocably waives any defense
based on the adequacy of a remedy at law which might be asserted as a bar to such remedy of
specific performance.

	27.	 	GOVERNING LAW: CONSENT TO JURISDICTION AND VENUE

	27.1	 	Governing Law

This Agreement, the relationship between the Parties and any claim or dispute (whether
sounding in contract, tort, statute or otherwise) relating to this Agreement or that
relationship shall be governed by and construed in accordance with law of the State of New
York including section 5-1401 of the New York General Obligations Law but excluding any
other conflict of law rules that would lead to the application of the law of another
jurisdiction.

	27.2	 	Jurisdiction

(a) Each party irrevocably submits to the exclusive jurisdiction of any New York State
or U.S. Federal court sitting in the City and County of New York for the settlement of any
dispute in connection with any Finance Document.

(b) The New York courts are the most appropriate and convenient courts to settle any
such dispute and each party waives objection to those courts on the grounds of inconvenient
forum or otherwise in relation to proceedings in connection with any Finance Document.

	27.3	 	Service of process

	(a)	 	The parties consent to the service of process relating to any proceedings by a notice given
in accordance with Clause 17 (Notices).

	(b)	 	This Clause does not affect any other method of service allowed by law.

	 	 	 
	27.4	 	Waiver of immunity
	
 
	 	Each party irrevocably and unconditionally:

	(a)	 	agrees not to claim any immunity from proceedings brought by a Senior Lender against it in
relation to a Finance Document and to ensure that no such claim is made on its behalf;

	(b)	 	consents generally to the giving of any relief or the issue of any process in connection with
those proceedings; and

	(c)	 	waives all rights of immunity in respect of it or its assets.

	28.	 	MUTUAL WAIVER OF JURY TRIAL.

THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING
BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, BETWEEN
THE PARTIES ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP
ESTABLISHED BETWEEN THEM IN CONNECTION WITH, THIS AGREEMENT OR ANY THE TRANSACTIONS RELATED
HERETO.

	29.	 	TERMINATION

Subject to the provisions of paragraph 26, this Agreement shall terminate upon the
indefeasible payment in full of the Senior Obligations and the Subordinated Obligations and
the termination of all commitments to lend by the Senior Lenders under the Credit Agreement.

	30.	 	NO STRICT CONSTRUCTION

The parties hereto have participated jointly in the negotiation and drafting of this
Agreement. In the event an ambiguity or question of intent or interpretation arises, this
Agreement shall be construed as if drafted jointly by the parties hereto and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship
of any provisions of this Agreement.

31. THIRD PARTY BENEFICIARY

The parties hereto agree that Fortress Credit Corp. is a third party beneficiary of
paragraphs 2(d) and 22(a) of this Agreement

SIGNATORY

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

CRESTVIEW CAPITAL MASTER, LLC

By:     

Its:     

CAMOFI MASTER, LDC

By:     

Its:     

HALO TECHNOLOGY HOLDINGS, INC. (on behalf of itself and its wholly owned subsidiaries as they

may exist from time to time)

By:     

Its:     

SIGNATORY

Execution

SUBORDINATED NOTEHOLDERS SIGNATURE PAGE

INTERCREDITOR AND SUBORDINATION AGREEMENT

IN WITNESS WHEREOF, the undersigned has executed this Intercreditor And Subordination
Agreement or caused its duly authorized officers to execute this Intercreditor And Subordination
Agreement as of the date first above written.

	 	 	 
	Date: October 11, 2006

	 	

	 
	 	 
	 
	 	 
	 
	 	 
	IF AN INDIVIDUAL:

	 	IF A CORPORATION, PARTNERSHIP, TRUST,

ESTATE OR OTHER ENTITY:
	     

(Signature)

     

	 	VISION OPPORTUNITY MASTER FUND, LTD.

By:     

Name:
	(Printed Name)

	 	Title:
	 
	 	 
	
 
	 	Address:
	Address:

     

     

     

     

	 	Antti William Uusiheimala

Vision Capital Advisors, LLC

317 Madison Avenue, Suite 1220

New York, NY 10017

Phone: (212) 849 8226

Fax: (212) 867 1416 fax

This Noteholder holds the Subordinated Promissory Notes in the aggregate principal amount
of $2,750,000

1

SCHEDULE 1

PARTIES

PART 1

	 	 	 	 	 
	NAME OF SENIOR LENDER

	 

	 	 	 
	CRESTVIEW CAPITAL MASTER, LLC CAMOFI MASTER, LD

	 	C
	 

	 	 

PART 2

SUBORDINATED NOTE HOLDERS

	 	 	 	 	 
	NAME OF SUBORDINATED NOTEHOLDERS

	 

	 
	VISION OPPORTUNITY MASTER FUND, LTD.

	 

2EX-10.137

Exhibit 10.137

October 11, 2006

To: Fortress Credit Corp., as
Agent (the Agent) to the
Lenders under the Credit
Agreement dated as of August 2,
2005 and amended on October 26,
2005 (as further amended,
restated, supplemented or
otherwise modified from time to
time, the Credit Agreement)

Dear Sirs,

Each of Vision Opportunity Master Fund, Ltd., Halo Technology Holdings, Inc. (the Borrrower),
Crestview Capital Master, LLC and Camofi Master, LDC (the Undersigned) refer to that certain
intercreditor and subordination agreement dated as of the date hereof (the Intercreditor
Agreement), by an among, each of the Undersigned. Unless otherwise defined herein capitalized
terms used in this letter agreement (this Letter Agreement) shall have the respective meanings in
ascribed thereto, by reference or otherwise, in the Intercreditor Agreement.

	1.	 	The Undersigned will not, without the prior written consent of the Agent (which shall be
granted at the Agent’s sole and absolute discretion) permit the Intercreditor Agreement or the
terms thereof to be amended or otherwise modified in any respect.

	2.	 	Each of the Undersigned acknowledges receiving a copy of the Credit Agreement.

	3.	 	No amendment of any provision of this Letter Agreement shall be effective unless it is in
writing and signed by each of the Undersigned and the Agent, and no waiver of any provision of
this Letter Agreement, and no consent to any departure therefrom, shall be effective unless it
is in writing and signed by the Agent, and then such waiver or consent shall be effective only
in the specific instance and for the specific purpose for which given.

	4.	 	No failure on the part of the Agent to exercise, and no delay in exercising, any right
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any
such right preclude any other or further exercise thereof or the exercise of any other right.

	5.	 	Any provision of this Letter 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 portions hereof or thereof or affecting
the validity or enforceability of such provision in any other jurisdiction.

	6.	 	This Letter Agreement shall terminate on the second business day following the
91st day after all of the Senior Obligations have been Paid in Full (as each term
is defined in the Senior Subordination Agreement which is attached hereto as Exhibit A).

	7.	 	This Agreement shall (i) be binding on each of the Undersigned and their respective
successors and assigns and (ii) inure, together with all rights and remedies of the Agent and
its respective successors, transferees and assigns. None of the rights or obligations of any
of the Undersigned may be assigned or otherwise transferred without the prior written consent
of the Agent (which shall be granted at the Agent’s sole and absolute discretion) provided
that such sale, assignment or other transfer is made expressly subject to this Letter
Agreement.

	8.	 	This Letter Agreement shall be governed by and construed in accordance with the law of the
State of New York.

	9.	 	Each of the Undersigned hereby irrevocably and unconditionally:

	 	(a)	 	submits for such person and the property of such person in any action, suit or
proceeding relating to this Letter Agreement to which such person is a party, or for
recognition and enforcement of any judgment in respect thereof, to the non-exclusive
general jurisdiction of the Supreme Court for New York County in the State of New York,
the United States District Court for the Southern District of New York, and appellate
courts thereof;

	 	(b)	 	consents to the service of any and all process in any such action, suit or
proceeding by the mailing of copies by registered or certified mail (or any
substantially similar form of mail), postage prepaid, of such process to such person at
its address specified next to its name on the signature page hereto (it being expressly
understood and agreed that any final judgment in any such action, suit or proceeding
referred to in clause (b) hereof shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law);

	 	(c)	 	agrees that any such action, suit or proceeding may be brought in such courts
and waives any objection that such person may now or hereafter have to the venue of any
such action, suit or proceeding in any such court or that such action, suit or
proceeding was brought in an inconvenient court and agrees not to plead or claim the
same;

	 	(d)	 	agrees that nothing herein shall affect the right of the Agent to effect
service of process in any other manner permitted by law or shall limit the right to sue
in any other jurisdiction; and

	 	(e)	 	to the extent that such person has or hereafter may acquire any immunity from
jurisdiction of any court from any legal process (whether through service of notice,
attachment prior to judgment, attachment in aid of execution or otherwise) with respect
to itself or any of its property, waives such immunity in respect of its obligations
under this Letter Agreement.

	10.	 	EACH OF THE UNDERSIGNED AND THE AGENT (BY ITS ACKNOWLEDGEMENT OF THIS LETTER AGREEMENT)
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM CONCERNING THIS LETTER AGREEMENT OR ANY AMENDMENT, MODIFICATION OR
OTHER DOCUMENT NOW OR HEREAFTER DELIVERED IN CONNECTION WITH ANY OF THE FOREGOING, AND AGREE
THAT ANY SUCH ACTION, PROCEEDING OR COUNTERCLAIM SHALL BE TRIED BEFORE A COURT AND NOT BEFORE
A JURY.

	11.	 	This Letter Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which shall be deemed to be an original, but all of
which taken together shall constitute one and the same agreement. Delivery of an executed
counterpart of this Letter Agreement by telefacsimile shall be equally effective as delivery
of an original executed counterpart of this Letter Agreement.

	12.	 	The Agent and each of the Undersigned agree that any future subordinated creditors of the
Borrower (whether by sale, assignment, transfer or otherwise) shall accede to this Letter
Agreement by executing an accession agreement (the Accession Agreement) attached hereto as
Schedule 1 and that each party confirms that upon execution of the Accession Agreement such
party shall be a party hereto for all purposes and shall be deemed to one of the Undersigned.

The Undersigned hereby request that the above addressee confirm their agreement to the foregoing by
signing this letter in acknowledgement below.

Yours,

	 
	 

	 

	 

	VISION OPPORTUNITY MASTER FUND, LTD.

By:     

Name:

	Title:

	 

	 

	 

	HALO TECHNOLOGY HOLDINGS, INC. (ON BEHALF OF ITSELF AND ITS WHOLLY OWNED

SUBSIDIARIES)

By:     

Name:

	Title:

	 

	 

	 

	CRESTVIEW CAPITAL MASTER, LLC

By:     

Name:

	Title:

	 

	 

	 

	CAMOFI MASTER, LDC

By:     

Name:

	Title:

ACKNOWLEDGED AND AGREED:

	 	 	 
	FORTRESS CREDIT CORP., AS

	 	Address for Notices:
	AGENT FOR AND ON BEHALF OF THE

FINANCE PARTIES

By:     

Name:

Title:

	 	1345 Avenue of the Americas,

46th Floor

New York, New York 10105

Attention: Constantine

Dakolias, Chief Credit Officer
	 
	 	 

1

SCHEDULE 1

FORM OF ACCESSION AGREEMENT

	 	 	 
	To:

Re:

	 	FORTRESS CREDIT CORP., as Agent

Letter Agreement dated as of October 10, 2006 (as amended,

supplemented or otherwise modified from time to time, the

“Letter Agreement”) among the Agent, Halo Technologies

Holdings inc., Vision Opportunity Master Fund, Ltd.,

Crestview Capital Master, LLC and Camofi Master, LDC.

Ladies and Gentlemen:

The person below acknowledges receipt of the Letter Agreement and agrees to be bound by the terms
of the Letter Agreement as one of the Undersigned. Capitalized terms used but not defined in this
Accession Agreement have the meanings given to them (by reference or otherwise) in the Letter
Agreement.

Very truly yours,

[ ]

By:     

	 
	 

	 

	 

	Name:

	 

	 

	 

	Title:

	 

2

EXHIBIT A

FORM OF SENIOR SUBORDINATION AGREEMENT

3

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