Document:

Amendment to Note

 Exhibit 4.1 
 Amendment to Note 
 December 31, 2007 
 The Borrower and Holder agree to amend the Note attached hereto and incorporated herein by reference. 
 The terms of the
Note shall be amended as follows: 
  

	 	1.	The accrued interest amount of $36,690 shall be rolled into the Principal of the Note. 

  

	 	2.	The new Principal amount of the Note shall be $486,690 and such Principal Amount of the Note shall be due on 6-30-08. 

  

	 	3.	The Note shall contain an origination fee equal to four percent of the principal amount ($19,467) payable in the form of 9,496 shares of common stock of CPBR.

  

	 	4.	The new interest rate for the Note shall be 8% per annum payable in monthly installments of $3,245 starting on January 15, 2008. 

  

	 	5.	ClearPoint agrees to seek board approval for a Note conversion provision to be included in the Note that will allow the Noteholder to convert the principal amount of the Note into
common stock of ClearPoint. 

 The amended terms of the Note are hereby accepted and agreed. 
 Borrower: ClearPoint Resources, Inc (f/k/a/ Mercer Staffing, Inc) 
  

			
		
	By:	 	/s/ Chris Ferguson
	Chris Ferguson, President

 Holder: Shareholders of Staffbridge, Inc. 
  

			
		
	By:	 	/s/ Scott Nieh
	Scott Nieh

 PROMISSORY NOTE 
  

			
	 $450,000.00
	  	August 14, 2006
	 U.S. Dollars
	  	

 FOR VALUE RECEIVED, the undersigned Mercer Staffing, Inc., a Delaware corporation with its principal place of
business at 1600 Manor Drive, Suite 110, Chalfont, PA 18914 (the “Borrower”) hereby agrees and promises to pay to the order of Shareholders of Staffbridge, Inc, or its successors or assigns (the “Lender”, and any subsequent
holder, the “Holder”) at 133-47 Sanford Avenue, 5E, Flushing, NY 11355, or such other address as Lender may specify in writing, the principal sum of Four Hundred Fifty Thousand U.S. Dollars ($450,000.00) with interest calculated at the
rate of six percent (6%) per annum on the unpaid balance until any remaining amount due and unpaid hereunder is paid in full on or before December 31, 2007, or, if sooner, upon the effective date of an initial public offering of the
common stock of Borrower. Payments of interest only for each calendar quarter this Note is outstanding in the per diem amount of $ 75.00 due in arrears on October 1, January 1, April 1 and July 1 of each year any
amount of the principal of this Note is outstanding, until all amounts due hereunder are paid in full. Should Lender accept one or more partial prepayments of principal under this Note, then the interest due shall be calculated at the rate of six
percent (6%) per annum on the unpaid balance of principal hereunder until any remaining amounts due and unpaid hereunder are paid in full. 
 This Note may be prepaid in its entirety, including all principal and interest due hereon to the date of any such prepayment, without any penalties, at the discretion of the Borrower and subject to the provisions of this Note. Partial
pre-payment(s) of principal with all interest due thereon until the date of any such prepayment shall be permitted solely at the discretion of Lender and provided there is no default then existing hereunder, as defined below. 
 In the event of default in any payments due hereunder, after five (5) days beyond the due date, or in the event of material breach of any of the provisions of the
Stock Purchase Agreement dated August 14, 2006, pursuant to which this Note has been issued (hereinafter, the “Agreement”), or under either of the Consulting Agreements entered into pursuant to the Agreement on or as of the date of
this Note, after ten (10) days after written notice of such breach to Borrower, then the Holder of this Note may, at such Holder’s option, without further notice to the Borrower, declare the principal of this Note and the interest thereon
to be immediately due and payable, whereupon the entire unpaid balance, including principal and interest, shall forthwith be paid and, if such payment is not immediately made, the Holder of this Note may proceed to enforce the collection thereof,
including without limitation any and all rights or remedies the Holder may have under applicable law. All costs of collection, including reasonable attorneys’ fees, shall be paid by Borrower as an additional amount due under this Note. The
Holder hereof shall have the right to pursue any remedy alone or in combination with any other remedy or remedies available to such Holder. All such available remedies shall be cumulative. Waiver of any one default shall not be deemed a waiver of
any other default or impair the Holder’s rights arising out of any default. 
 This Note is issued pursuant to the Agreement in partial consideration
for the outstanding shares of Common Stock of the Lender to the Borrower. This Note is an unsecured obligation of Borrower. 

 BORROWER HEREBY SEVERALLY AND IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY PROCEEDINGS HEREAFTER INSTITUTED BY
OR AGAINST BORROWER OR ANY GUARANTOR IN RESPECT OF THIS NOTE OR ARISING OUT OF ANY DOCUMENT, INSTRUMENT OR AGREEMENT EVIDENCING, GOVERNING OR SECURING THIS NOTE. BORROWER IRREVOCABLY WAIVES ITS RESPECTIVE RIGHTS TO NOTICE AND HEARING TO THE EXTENT
PERMITTED BY STATE OR FEDERAL LAW WITH RESPECT TO ANY PREJUDGMENT REMEDY WHICH LENDER MAY DESIRE TO USE, AND, FURTHER, SEVERALLY AND IRREVOCABLY WAIVES PRESENTMENT FOR PAYMENT, DEMAND, NOTICE OF NONPAYMENT, NOTICE OF INTENTION TO ACCELERATE THE
MATURITY OF THIS NOTE, DILIGENCE IN COLLECTION, COMMENCEMENT OF SUIT AGAINST ANY OBLIGOR, NOTICE OF PROTEST, AND PROTEST OF THIS NOTE AND ALL OTHER NOTICES IN CONNECTION WITH THE DELIVERY, ACCEPTANCE, PERFORMANCE, DEFAULT OR ENFORCEMENT OF THE
PAYMENT OF THIS NOTE, BEFORE OR AFTER THE MATURITY OF THIS NOTE, WITH OR WITHOUT NOTICE TO BORROWER AND ANY GUARANTOR, AND HEREBY AGREES THAT BORROWER’S LIABILITY SHALL NOT BE IN ANY MANNER AFFECTED BY ANY INDULGENCE, EXTENSION OF TIME,
RENEWAL, WAIVER OR MODIFICATION GRANTED OR CONSENTED TO BY LENDER. 
 This Note shall be governed by, and construed and enforced according to, the laws of
the Commonwealth of Pennsylvania. 
 We, the undersigned have read the foregoing Promissory Note and,
having been duly authorized, have affixed our hands and seals intending the Borrower to be legally bound hereby this 14th day of August, 2006.

  

									
		  		  		 	Mercer Staffing, Inc.
					
	Witness:	  	 /s/ Deegan Fardon
	  		 	By:	 	 /s/ Chris Ferguson

	(as to both)	  	(print name)	  		 		 	Chris Ferguson, Its President
		  		  		 		 	(print name)
					
		  		  		 	By:	 	 /s/ Chris Ferguson

		  		  		 		 	Chris Ferguson, Its Treasurer
		  		  		 		 	(print name)

  

 2Joinder and Assumption Agreement

 Exhibit 10.1 
 JOINDER AND ASSUMPTION AGREEMENT 
 This JOINDER AND ASSUMPTION AGREEMENT (this
“Agreement”), dated as of December 31, 2007, is made by EMGATE SOLUTIONS GROUP, LLC, a Delaware limited liability company, CLEARPOINT WORKFORCE, LLC, a Delaware limited liability company, ASG, LLC, a Florida limited
liability company, CLEARPOINT HRO, LLC, a Delaware limited liability company, CLEARPOINT HR, LLC, a Delaware limited liability company, ASG, LLC, a Rhode Island limited liability company, and MERCER VENTURES, INC., a
Delaware corporation (collectively, the “New Subsidiaries” and each individually, a “New Subsidiary”), in favor of MANUFACTURERS AND TRADERS TRUST COMPANY, as Administrative Agent (in such capacity, the
“Administrative Agent”) for the lenders and financial institutions (the “Lenders”) from time to time parties to the Credit Agreement referred to below. 
 WITNESSETH: 
 WHEREAS, Clearpoint Business Resources, Inc., a Delaware corporation (the
“Borrower”), the Lenders and the Administrative Agent are parties to that certain Credit Agreement dated as of February 23, 2007, as amended by a First Amendment thereto dated as of July 13, 2007 (as the same may be further
amended, supplemented or otherwise modified, the “Credit Agreement”); 
 WHEREAS, the Borrower and each of the Subsidiaries
of the Borrower (other than the New Subsidiaries) (individually a “Debtor” and collectively, the “Debtors”) and the Administrative Agent are parties to that certain Security Agreement dated as of February 23, 2007 (as the
same may be amended, supplemented or otherwise modified, the “Security Agreement”); 
 WHEREAS, each of the Subsidiaries of
the Borrower (other than the New Subsidiaries) (individually, a “Guarantor” and collectively, the “Guarantors”) and the Administrative Agent are parties to that certain Guaranty dated as of February 23, 2007 (as the same may
be amended, supplemented or otherwise modified, the “Guaranty”). 
 WHEREAS, each of the New Subsidiaries is a wholly-owned
direct or indirect subsidiary of the Borrower and, in consideration of the Lenders’ continuing obligations under the Credit Agreement, and as required by Section 5.15 of the Credit Agreement, each of the New Subsidiaries is executing and
delivering this Agreement. 
 NOW THEREFORE, in consideration of the foregoing and for other consideration, the receipt and
sufficiency of which is hereby acknowledged, each of the New Subsidiaries, intending to be legally bound, hereby agrees as follows: 
 1.
Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 
 2. Joinder. Each of the New Subsidiaries hereby agrees that upon the effectiveness hereof, each New Subsidiary is, and shall be deemed to be, a Debtor under the Security Agreement and a Guarantor under
the Guaranty with all of the rights and obligations of 

 
a Debtor and Guarantor, respectively, thereunder, and the terms Debtor and Guarantor when used in any Loan Document shall include each of the New
Subsidiaries. Confirming such joinder (i) each of the New Subsidiaries hereby grants to the Administrative Agent for the ratable benefit of the Lenders a security interest in all of the Collateral (as defined in the Security Agreement) now
owned or at any time hereafter acquired by such New Subsidiary or in which such New Subsidiary now has or at any time in the future may acquire any right, title or interest, (ii) each of the New Subsidiaries hereby unconditionally and
irrevocably guarantees to the Administrative Agent and the Lenders the prompt and complete payment and performance by the Borrower when due of the Obligations, and (iii) each of the New Subsidiaries shall be liable to the Administrative Agent
for, and hereby assumes and agrees to be liable for, all of the obligations and liabilities of a Debtor and Guarantor, as the case may be, under the Security Agreement and Guaranty, respectively, to the same extent as if it were an original
signatory to those documents as a Debtor and Guarantor, as the case may be. Each of the New Subsidiaries hereby agrees with the Administrative Agent that it shall perform, comply with and be subject to and be bound by, each of the terms, provisions
and conditions of the Security Agreement and the Guaranty. Without limiting the generality of the foregoing, each of the New Subsidiaries hereby represents and warrants that (i) each of the representations and warranties set forth with respect
to a Debtor or a Guarantor in the Security Agreement and the Guaranty is true and correct as to such New Subsidiary on and as of the date hereof as if made on and as of the date hereof by such New Subsidiary, and (ii) such New Subsidiary has
heretofore received a true and correct copy of the Credit Agreement, the Security Agreement, the Guaranty and each of the other Loan Documents (including any amendments, supplements or waivers thereto) as in effect on the date hereof. 
 Each of the New Subsidiaries hereby authorizes the Administrative Agent to file any Uniform Commercial Code financing or continuation statement on behalf
of such New Subsidiary. Any such financing or continuation statement may describe the Collateral (as defined in the Security Agreement) as “all assets”, “all personal property” or similar designation. Each New Subsidiary hereby
ratifies any filing by the Administrative Agent of financing statements prior to the date hereof with respect to the Collateral (as defined in the Security Agreement). Each of the New Subsidiaries also agrees to deliver (or cause to be delivered) or
execute and deliver (or to cause to be executed and delivered) at any time and from time to time such further instruments and documents and do or cause to be done such further acts as may be requested by the Administrative Agent, including without
limitation, resolutions of the board of directors or other applicable body authorizing the execution, delivery and performance of this Agreement and the transactions contemplated hereby, true and correct copies of its organizational documents and an
incumbency certificate. 
 3. Additional Representations and Warranties. Each of the New Subsidiaries hereby represents and
warrants to the Administrative Agent that: 
 a. There exists no Default or Event of Default under the Loan Documents and no
such Default or Event of Default will occur as a result of the execution, delivery or performance of this Agreement; 
 b. The
execution and delivery of this Agreement has been duly authorized by all requisite action on behalf of such New Subsidiary, and this Agreement and any other Loan Document to which it is a party, or is deemed to be a party by virtue of this 

  

 2 

 
Agreement, constitute the legal, valid and binding obligations of such New Subsidiary, enforceable against it in accordance with their respective terms,
except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought
by proceedings in equity or at law); and 
 c. The schedules to the Security Agreement (as effective immediately after the
effectiveness hereof) are accurate and complete. 
 4. Effectiveness. This Agreement shall become effective upon receipt by the
Administrative Agent of (a) counterparts hereof duly executed by each of the New Subsidiaries and acknowledged by the Borrower and the Administrative Agent and (b) all other documents, agreements, and instruments required by the
Administrative Agent pursuant to the terms hereof. 
 5. Security Agreement Schedules; Limited Effect. Schedules I, II, III,
IV, V, VI, VII, VIII and IX hereto which relate to the New Subsidiaries shall supplement their respective counterparts attached to the Security Agreement and the Security Agreement shall hereby be amended, without further action, by adding such
Schedules to the counterpart Schedules attached to the Security Agreement in effect immediately prior to the effectiveness of this Agreement. Except as expressly amended by this Agreement, the Security Agreement, the Guaranty and the other Loan
Documents shall continue to be, and shall remain, unaltered and in full force and effect in accordance with their terms. 
 6.
Miscellaneous. 
 a. Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of the Commonwealth of Pennsylvania. 
 b. Successor and Assigns. The terms and provisions of this Agreement
shall be binding upon and shall inure to the benefit of each of the New Subsidiaries, the Administrative Agent and the Lenders and their respective successors and assigns. 
 c. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, and
all of which shall constitute one and the same instrument. Signature by facsimile shall bind the parties hereto. 
 d.
Headings. The headings of any paragraph of this Agreement are for convenience only and shall not be used to interpret any provision hereof. 
 e. Modifications. No modification hereof or any agreement referred to herein shall be binding or enforceable unless in writing and signed on behalf of the party against whom enforcement is sought 
 [Signatures to appear on the following page] 
  

 3 

 IN WITNESS WHEREOF, each of the New Subsidiaries has caused this Agreement to be duly executed and
delivered by its proper and duly authorized officer as of the date and year first above written and the Administrative Agent and the Borrower have caused this Agreement to be acknowledged, executed and delivered by its proper and duly authorized
officer as of the day and year first above written. 
  

			
	EMGATE SOLUTIONS GROUP, LCC, a Delaware limited liablity company
		
	By:	 	/s/ Michael Traina
	Name:	 	Michael Traina
	Title:	 	CEO

  

			
	CLEARPOINT WORKFORCE, LLC, a Delaware limited liability company
		
	By:	 	/s/ Michael Traina
	Name:	 	Michael Traina
	Title:	 	CEO

  

			
	ASG, LLC, a Florida limited liability company
		
	By:	 	/s/ Michael Traina
	Name:	 	Michael Traina
	Title:	 	CEO

  

			
	CLEARPOINT HRO, LLC, a Delaware limited liability company
		
	By:	 	/s/ Michael Traina
	Name:	 	Michael Traina
	Title:	 	CEO

  

			
	CLEARPOINT HR, LLC, a Delaware limited liability company
		
	By:	 	/s/ Michael Traina
	Name:	 	Michael Traina
	Title:	 	CEO

  

 4 

			
	ASG, LLC, a Rhode Island limited liability company
		
	By:	 	/s/ Michael Traina
	Name:	 	Michael Traina
	Title:	 	CEO

  

			
	MERCER VENTURES, INC., a Delaware corporation
		
	By:	 	/s/ Michael Traina
	Name:	 	Michael Traina
	Title:	 	CEO

  

			
	ACKNOWLEDGED, ACCEPTED AND AGREED:
	
	MANUFACTURERS AND TRADERS TRUST COMPANY, as Administrative Agent
		
	By:	 	/s/ David Mills
	Name:	 	David Mills
	Title:	 	Vice President

  

			
	CLEARPOINT BUSINESS RESOURCES, INC., as the Borrower
		
	By:	 	/s/ Michael Traina
	Name:	 	Michael Traina
	Title:	 	CEO

  

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