Document:

Exhibit 10.3

 Exhibit 10.3 
  
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“1933 ACT”), OR ANY STATE SECURITIES LAWS AND NEITHER SUCH SHARES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE
1933 ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR (2) IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, OR (3) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE 1933 ACT. 
  
 IN ADDITION, A PREFERRED STOCK PURCHASE AGREE-MENT DATED AS OF FEBRUARY 10, 2005 (THE “PURCHASE AGREEMENT”), A
COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY AT ITS PRINCIPAL EXECUTIVE OFFICE, CONTAINS CERTAIN ADDITIONAL AGREEMENTS BETWEEN THE PARTIES WITH RESPECT TO THIS WARRANT. 
  
 COMPUTER SOFTWARE INNOVATIONS, INC. 
  
 COMMON STOCK PURCHASE WARRANT “B” 
  

					
	 Number of Shares: 3,608,868
	  	Holder: Barron Partners LP
	 	  	 	  	 c/o Barron Capital Advisors LLC

			
	 Original Issue Date : February 11, 2005
	  	 	  	 Managing Partner

	 	  	 	  	 Attn: Andrew Barron Worden

	 	  	 	  	 730 Fifth Avenue, 9th Floor

			
	 Expiration Date: February 10, 2010
	  	 	  	 New York NY 10019

	 	  	 	  	 tel 212-659-7790

			
	 Exercise Price per Share: $2.0958
	  	 	  	 fax 646-607-2223

	 	  	 	  	 cell 917-854-0036

	 	  	 	  	 abw@barronpartners.com

  
 Computer Software Innovations, Inc, a
company organized and existing under the laws of the State of Delaware F/K/A VerticalBuyer, Inc. (the “Company”), hereby certifies that, for value received, BARRON PARTNERS LP, or its registered assigns (the
“Warrant Holder”), is entitled, subject to the terms set forth below, to purchase from the Company up to Three Million Six Hundred Eight Thousand Eight Hundred Sixty-eight (3,608,868) shares (as adjusted from time to time as
provided in Section 7, the “Warrant Shares”) of common stock, $.001 par value (the “Common Stock”), of the Company at a price of Two and 958/10,000 Dollars ($2.0958) per Warrant Share (as adjusted from
time to time as provided in Section 7, the “Exercise Price”), at any time and from time to time from and after the date thereof and through and including 5:00 p.m. New York City time on February
    , 2010 (or eighteen months of effectiveness of a Registration Statement 

 
subsequent to the issuance hereof (such eighteen months to be extended by one month for each month or portion of a month during which a Registration
Statement’s effectiveness has lapsed or been suspended), whichever is longer)(the “Expiration Date”), and subject to the following terms and conditions: 
  
 1. Registration of Warrant. The Company shall register this Warrant upon records to be maintained by the Company for
that purpose (the “Warrant Register”), in the name of the record Warrant Holder hereof from time to time. The Company may deem and treat the registered Warrant Holder of this Warrant as the absolute owner hereof for the
purpose of any exercise hereof or any distribution to the Warrant Holder, and for all other purposes, and the Company shall not be affected by notice to the contrary. 
  
 2. Investment Representation. The Warrant Holder by accepting this Warrant represents that the Warrant Holder is
acquiring this Warrant for its own account or the account of an affiliate for investment purposes and not with the view to any offering or distribution and that the Warrant Holder will not sell or otherwise dispose of this Warrant or the underlying
Warrant Shares in violation of applicable securities laws. The Warrant Holder acknowledges that the certificates representing any Warrant Shares will bear a legend indicating that they have not been registered under the United States Securities Act
of 1933, as amended (the “1933 Act”) and may not be sold by the Warrant Holder except pursuant to an effective registration statement or pursuant to an exemption from registration requirements of the 1933 Act and in
accordance with federal and state securities laws. If this Warrant was acquired by the Warrant Holder pursuant to the exemption from the registration requirements of the 1933 Act afforded by Regulation S thereunder, the Warrant Holder acknowledges
and covenants that this Warrant may not be exercised by or on behalf of a Person during the one year distribution compliance period (as defined in Regulation S) following the date hereof. “Person” means an individual,
partnership, firm, limited liability company, trust, joint venture, association, corporation, or any other legal entity. 
  
 3. Validity of Warrant and Issue of Shares. The Company represents and warrants that this Warrant has been duly authorized and validly issued and
warrants and agrees that all of Common Stock that may be issued upon the exercise of the rights represented by this Warrant will, when issued upon such exercise, be duly authorized, validly issued, fully paid and nonassessable and free from all
taxes, liens and charges with respect to the issue thereof. The Company further warrants and agrees that during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized and
reserved a sufficient number of Common Stock to provide for the exercise of the rights represented by this Warrant. 
  
 4. Registration of Transfers and Exchange of Warrants. 
  
 a. Subject to compliance with the legend set forth on the face of this Warrant, the Company shall register the transfer of any portion of this
Warrant in the Warrant Register, upon surrender of this Warrant with the Form of Assignment attached 

  

 2 

 
hereto duly completed and signed, to the Company at the office specified in or pursuant to Section 9. Upon any such registration or transfer, a new warrant
to purchase Common Stock, in substantially the form of this Warrant (any such new warrant, a “New Warrant”), evidencing the portion of this Warrant so transferred shall be issued to the transferee and a New Warrant evidencing
the remaining portion of this Warrant not so transferred, if any, shall be issued to the transferring Warrant Holder. The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance of such transferee of all of the rights
and obligations of a Warrant Holder of a Warrant. 
  
 b.
This Warrant is exchangeable, upon the surrender hereof by the Warrant Holder to the office of the Company specified in or pursuant to Section 9 for one or more New Warrants, evidencing in the aggregate the right to purchase the number of Warrant
Shares which may then be purchased hereunder. Any such New Warrant will be dated the date of such exchange. 
  
 5. Exercise of Warrants. 
  
 a. Upon surrender of this Warrant with the Form of Election to Purchase attached hereto duly completed and signed to the Company, at its address
set forth in Section 9, and upon payment and delivery of the Exercise Price per Warrant Share multiplied by the number of Warrant Shares that the Warrant Holder intends to purchase hereunder, in lawful money of the United States of America, in cash
or by certified or official bank check or checks, to the Company, all as specified by the Warrant Holder in the Form of Election to Purchase, the Company shall promptly (but in no event later than 7 business days after the Date of Exercise (as
defined herein)) issue or cause to be issued and cause to be delivered to or upon the written order of the Warrant Holder and in such name or names as the Warrant Holder may designate (subject to the restrictions on transfer described in the legend
set forth on the face of this Warrant), a certificate for the Warrant Shares issuable upon such exercise, with such restrictive legend as required by the 1933 Act. Any person so designated by the Warrant Holder to receive Warrant Shares shall be
deemed to have become holder of record of such Warrant Shares as of the Date of Exercise of this Warrant. 
  
 b. A “Date of Exercise” means the date on which the Company shall have received (i) this Warrant (or any New Warrant, as applicable),
with the Form of Election to Purchase attached hereto (or attached to such New Warrant) appropriately completed and duly signed, and (ii) payment of the Exercise Price for the number of Warrant Shares so indicated by the Warrant Holder to be
purchased. 
  
 c. This Warrant shall be exercisable at any
time and from time to time for such number of Warrant Shares as is indicated in the attached Form of Election To Purchase. If less than all of the Warrant Shares which may be purchased under this Warrant are exercised at any time, the Company shall
issue or cause to be issued, at its expense, a New Warrant evidencing the right to purchase the remaining number of Warrant Shares for which no exercise has been evidenced by this Warrant. 
  

 3 

 d. (i) Notwithstanding anything contained herein to the contrary, the holder of this
Warrant may, at its election exercised in its sole discretion, exercise this Warrant in whole or in part and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise in payment of the Aggregate Exercise
Price, elect instead to receive upon such exercise the “Net Number” of shares of Common Stock determined according to the following formula (a “Cashless Exercise”): 
  
 Net Number = (A x (B - C))/B 
  
 (ii) For purposes of the foregoing formula: 
  
 A= the total number shares with respect to which this Warrant is then being
exercised. 
  
 B= the last reported sale price (as reported by
Bloomberg) of the Common Stock on the trading day immediately preceding the date of the Exercise Notice. 
  
 C= the Warrant Exercise Price then in effect at the time of such exercise. 
  
 e. The holder of this Warrant agrees not to elect a Cashless Exercise for a period of one (1) year. The holder of
this Warrant also agrees not to elect a Cashless Exercise so long as there is an effective registration statement for the Warrant Shares. 
  
 6. Maximum Exercise. The Warrant Holder shall not be entitled to exercise this Warrant on a Date of Exercise in connection with that number of
shares of Common Stock which would be in excess of the sum of (i) the number of shares of Common Stock beneficially owned by the Warrant Holder and its affiliates on an exercise date, and (ii) the number of shares of Common Stock issuable upon the
exercise of this Warrant with respect to which the determination of this limitation is being made on an exercise date, which would result in beneficial ownership by the Warrant Holder and its affiliates of more than 4.99% of the outstanding shares
of Common Stock on such date. For the purposes of the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder.
Subject to the foregoing, the Warrant Holder shall not be limited to aggregate exercises which would result in the issuance of more than 4.99%. The restriction described in this paragraph may be revoked upon sixty-one (61) days prior notice from the
Warrant Holder to the Company. The Warrant Holder may allocate which of the equity of the Company deemed beneficially owned by the Warrant Holder shall be included in the 4.99% amount described above and which shall be allocated to the excess above
4.99%. 
  
 7. Adjustment of Exercise Price and Number of
Shares. The character of the shares of stock or other securities at the time issuable upon exercise of this Warrant 

  

 4 

 
and the Exercise Price therefore, are subject to adjustment upon the occurrence of the following events, and all such adjustments shall be cumulative:

  
 a. Adjustment for Stock Splits, Stock Dividends,
Recapitalizations, Etc. The Exercise Price of this Warrant and the number of shares of Common Stock or other securities at the time issuable upon exercise of this Warrant shall be appropriately adjusted to reflect any stock dividend, stock
split, combination of shares, reclassification, recapitalization or other similar event affecting the number of outstanding shares of stock or securities. 
  
 b. Adjustment for Reorganization, Consolidation, Merger, Etc. In case of any consolidation or merger of the Company with or into any other
corporation, entity or person, or any other corporate reorganization, in which the Company shall not be the continuing or surviving entity of such consolidation, merger or reorganization (any such transaction being hereinafter referred to as a
“Reorganization”), then, in each case, the holder of this Warrant, on exercise hereof at any time after the consummation or effective date of such Reorganization (the “Effective Date”), shall
receive, in lieu of the shares of stock or other securities at any time issuable upon the exercise of the Warrant issuable on such exercise prior to the Effective Date, the stock and other securities and property (including cash) to which such
holder would have been entitled upon the Effective Date if such holder had exercised this Warrant immediately prior thereto (all subject to further adjustment as provided in this Warrant). 
  
 c. Certificate as to Adjustments. In case of any adjustment or
readjustment in the price or kind of securities issuable on the exercise of this Warrant, the Company will promptly give written notice thereof to the holder of this Warrant in the form of a certificate, certified and confirmed by the Board of
Directors of the Company, setting forth such adjustment or readjustment and showing in reasonable detail the facts upon which such adjustment or readjustment is based. 
  
 8. Fractional Shares. The Company shall not be required to issue or cause to be issued fractional Warrant Shares on
the exercise of this Warrant. The number of full Warrant Shares that shall be issuable upon the exercise of this Warrant shall be computed on the basis of the aggregate number of Warrants Shares purchasable on exercise of this Warrant so presented.
If any fraction of a Warrant Share would, except for the provisions of this Section 8, be issuable on the exercise of this Warrant, the Company shall, at its option, (i) pay an amount in cash equal to the Exercise Price multiplied by such fraction
or (ii) round the number of Warrant Shares issuable, up to the next whole number. 
  
 9. Sale or Merger of the Company. In the event of a sale of all or substantially all of the assets of the Company or the merger or consolidation of the Company in a transaction in which the Company is not the
surviving entity, the 4.99% restriction will immediately be released and the Warrant Holder will have the right to exercise the warrants concurrent with the sale. 
  

 5 

 10. Notice of Intent to Sell or Merge the Company. The Company will give Warrant Holder seventy
(70) days notice before the event of a sale of all or substantially all of the assets of the Company or the merger or consolidation of the Company in a transaction in which the Company is not the surviving entity 
  
 11. Issuance of Substitute Warrant. In the event of a merger,
consolidation, recapitalization or reorganization of the Company or a reclassification of Company shares of stock, which results in an adjustment to the number of shares subject to this Warrant and/or the Exercise Price hereunder, the Company agrees
to issue to the Warrant Holder a substitute Warrant reflecting the adjusted number of shares and/or Exercise Price upon the surrender of this Warrant to the Company. 
  
 12. Notice. All notices and other communications hereunder shall be in writing and shall be deemed to have been given
(i) on the date they are delivered if delivered in person; (ii) on the date initially received if delivered by facsimile transmission followed by registered or certified mail confirmation; (iii) on the date delivered by an overnight courier service;
or (iv) on the third business day after it is mailed by registered or certified mail, return receipt requested with postage and other fees prepaid as follows: 
  

			
	 	 	 If to the Company:

		
	 	 	 Computer Software Innovations, Inc.

	 	 	 1661 East Main Street, Suite A

	 	 	 Easley, South Carolina 29642

	 	 	 Attention: Nancy K. Hedrick, President

		
	 	 	 If to the Warrant Holder:

		
	 	 	 Barron Capital Advisors LLCManaging Partner

	 	 	 Barron Partners LP

	 	 	 Attn: Andrew Barron Worden

	 	 	 730 Fifth Avenue, 9th Floor

	 	 	 New York NY 10019

	 	 	 tel 212-659-7790

  
 13. Miscellaneous.

  
 a. This Warrant shall be binding on and inure to
the benefit of the parties hereto and their respective successors and permitted assigns. This Warrant may be amended only by a writing signed by the Company and the Warrant Holder. 
  
 b. Nothing in this Warrant shall be construed to give to any person or corporation other than the Company and the
Warrant Holder any legal or equitable right, remedy or cause of action under this Warrant; this Warrant shall be for the sole and exclusive benefit of the Company and the Warrant Holder. 
  

 6 

 c. This Warrant shall be governed by, construed and enforced in accordance with the internal laws
of the State of New York without regard to the principles of conflicts of law thereof. 
  
 d. The headings herein are for convenience only, do not constitute a part of this Warrant and shall not be deemed to limit or affect any of the provisions hereof. 
  
 e. In case any one or more of the provisions of this Warrant shall be
invalid or unenforceable in any respect, the validity and enforceablilty of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby and the parties will attempt in good faith to agree upon a valid and
enforceable provision which shall be a commercially reasonably substitute therefore, and upon so agreeing, shall incorporate such substitute provision in this Warrant. 
  
 f. The Warrant Holder shall not, by virtue hereof, be entitled to any voting or other rights of a shareholder of the
Company, either at law or equity, and the rights of the Warrant Holder are limited to those expressed in this Warrant. 
  
 [SIGNATURES ON FOLLOWING PAGE] 
  

 7 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by the authorized officer as
of the date first above stated. 
  

			
	 COMPUTER SOFTWARE INNOVATIONS, INC.,
a Delaware corporation

		
	 By:
	 	 /s/ Nancy K. Hedrick

	 	 	 Nancy K. Hedrick

	 Its:
	 	 President and Chief Executive Officer

  

 8 

 FORM OF ELECTION TO PURCHASE 
  
 (To be executed by the Warrant Holder to exercise the right to purchase shares of Common Stock under the foregoing Warrant) 
  
 To: Computer Software Innovations, Inc.: 
  
 In accordance with the Warrant enclosed with this Form of Election to Purchase, the
undersigned hereby irrevocably elects to purchase                      shares of Common Stock (“Common Stock”), $.001 par value, of
Computer Software Innovations, Inc and encloses the warrant and $             for each Warrant Share being purchased or an aggregate of
$                     in cash or certified or official bank check or checks, which sum represents the aggregate Exercise Price (as defined in
the Warrant) together with any applicable taxes payable by the undersigned pursuant to the Warrant. 
  
 The undersigned requests that certificates for the shares of Common Stock issuable upon this exercise be issued in the name of: 
  

	
	  

	  

	  

	 (Please print name and address)

	  

	 (Please insert Social Security or Tax Identification Number)

  
 If the number of shares of Common
Stock issuable upon this exercise shall not be all of the shares of Common Stock which the undersigned is entitled to purchase in accordance with the enclosed Warrant, the undersigned requests that a New Warrant (as defined in the Warrant)
evidencing the right to purchase the shares of Common Stock not issuable pursuant to the exercise evidenced hereby be issued in the name of and delivered to: 
  

	
	  

	  

	  

	 (Please print name and
address)                                       
     

  

							
	 Dated:
                    
	  	Name of Warrant Holder:
				
	 	  	 	  	(Print)	 	  

	 	  	 	  	(By:)	 	  

	 	  	 	  	(Name:)	 	  

	 	  	 	  	(Title:)	 	  

			
	 	  	 	  	Signature must conform in all respects to name of Warrant Holder
as specified on the face of the Warrant

  

 9Exhibit 10.4

 Exhibit 10.4 
  
 EXECUTION ORIGINAL 
  
 ESCROW AGREEMENT 
  
 THIS ESCROW AGREEMENT (“Agreement”) is made as of February 10, 2005 by and among Computer Software Innovations, Inc., a South Carolina
corporation (“CSI”); Computer Software Innovations, Inc., a Delaware corporation formerly known as VerticalBuyer, Inc., (“VBYR”); and Barron Partners LP, a Delaware limited partnership (“Barron”); and Leatherwood Walker
Todd & Mann, P.C., as escrow agent (the “Escrow Agent”). 
  
 WHEREAS, Barron is purchasing from VBYR (i) 7,217,736 shares of Series A Preferred Stock and (ii) two Warrants to purchase a total of 7,217,736 shares of common stock of VBYR, for Five Million Forty-two Thousand Two Hundred Fifty Dollars
($5,042,250.00), and is lending to VBYR the sum of One Million Eight Hundred Seventy-five Thousand Two Hundred Dollars ($1,875,200.00), with the total proceeds from the Preferred Stock purchase and loan being Six Million Nine Hundred Seventeen
Thousand Four Hundred Fifty Dollars ($6,917,450.00) (collectively, the “Funds”) to be utilized by VBYR as part of the money needed by VBYR to repay notes payable by CSI to the Original Shareholders relating to a dividend, to close upon the
merger of CSI with and into VBYR, to pay certain fees and commissions in connection with the transactions contemplated by the Preferred Stock Purchase Agreement, and for other corporate purposes; and 
  
 WHEREAS, CSI, VBYR and Barron desire to enter into this Agreement to provide
that (i) CSI, VBYR and Barron shall provide the executed Transaction Documents (as defined below) to the Escrow Agent prior to the Closing Date (as such term is defined in the Preferred Stock Purchase Agreement), (ii) Barron shall provide the Funds
to the Escrow Agent prior to the Closing Date, (iii) the Escrow Agent shall thereafter hold the Funds and the Transaction Documents until all the transactions contemplated by the Transaction Documents (collectively, the “Contemplated
Transactions”) are consummated and the conditions set forth in the Transaction Documents with respect thereto have been fulfilled, (iv) the Escrow Agent shall either release the Funds to the persons and entities authorized to receive a share of
the Funds under this Agreement (collectively, the “Authorized Recipients”) upon the satisfaction of the items listed in the foregoing clause (iii) or the Escrow Agent shall return the Funds to Barron upon the termination without closing of
the Contemplated Transactions, and (v) the Escrow Agent shall either release to CSI, VBYR and Barron the fully executed Transaction Documents in the event the Escrow Agent releases the Funds to the Authorized Recipients, or the Escrow Agent shall
destroy the Transaction Documents in the event the Escrow Agent returns the Funds to Barron. 
  
 NOW, THEREFORE, in consideration of the covenants and mutual promises contained herein and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged and intending to be
legally bound hereby, the parties agree as follows: 

 ARTICLE 1 
 TERMS OF THE ESCROW 
  
 1.1 The
parties hereby agree to have the law firm of Leatherwood Walker Todd & Mann, P.C., Greenville, South Carolina act as Escrow Agent whereby the Escrow Agent shall receive the Funds and the Transaction Documents in escrow and distribute the same as
set forth in this Agreement. Any capitalized terms not defined herein shall have the meaning ascribed to them in the Preferred Stock Purchase Agreement, of even date herewith between VBYR and Barron (the “Preferred Stock Purchase
Agreement”), the Agreement and Plan of Merger, of even date herewith between CSI and VBYR (the “Merger Agreement”), and any and all documents related thereto, with this Agreement being an exhibit to such Preferred Stock Purchase
Agreement (collectively, the “Documents,” and all Documents other than this Agreement, the Preferred Stock Purchase Agreement and the Merger Agreement being collectively referred to herein as the “Transaction Documents.”)

  
 1.2 Upon the execution and delivery of this Agreement by the
parties hereto, the parties to the Preferred Stock Purchase Agreement and the Merger Agreement shall execute and deliver such agreements, and this Agreement, the Preferred Stock Purchase Agreement and the Merger Agreement shall not be escrowed under
the terms of this Agreement. Prior to the Closing Date, CSI, VBYR and Barron shall deliver the executed Transaction Documents to the Escrow Agent and Barron shall deposit the Funds with the Escrow Agent. The Escrow Agent shall thereafter hold the
Funds and the Transaction Documents until the earlier of: (i) the date on which CSI, Barron and VBYR have consummated the Contemplated Transactions; (ii) the termination of any of the Contemplated Transactions prior to consummation; or (iii)
February 28, 2005. In the event of the consummation of the Contemplated Transactions, then the Escrow Agent shall promptly release the Funds by wire transfer or check to the Authorized Recipients listed on Exhibit “A” attached hereto in
the amounts designated for each of such Authorized Recipients for use by CSI and VBYR to repay the Dividend Note of CSI to the Original Shareholders, to repay the Merger Note portion of the Merger Consideration to be paid by VBYR to the Original
Shareholders and to pay certain fees and commissions in connection with the transactions contemplated by the Preferred Stock Purchase Agreement, and the Escrow Agent shall also deliver the Transaction Documents to each of CSI, VBYR and Barron. In
the event the closing of the Contemplated Transactions does not occur before February 28, 2005 or the Contemplated Transactions are terminated by CSI, VBYR and Barron on or prior to such date, then the Escrow Agent shall immediately return the Funds
to Barron by wire transfer according to instructions received in writing by the Escrow Agent from Barron, and the Escrow Agent shall destroy the Transaction Documents. 
  
 1.3 In connection with the transactions described in Section 1.2, (i) the Escrow Agent shall release the Funds to the
Authorized Recipients and Transaction Documents to CSI, VBYR and Barron upon receipt of a joint written notice from CSI, Barron and VBYR that all the Contemplated Transactions have been consummated and (ii) the Escrow Agent shall return the Funds to
Barron and destroy the Transaction Documents either (a) upon the receipt of a joint written notice from CSI, VBYR and Barron that the Contemplated Transactions have been terminated or (b) on March 1, 2005, if the Escrow Agent has not received the
notice described in Section 1.3(i) above or the Escrow Agent receives notice of termination of the Contemplated Transactions solely from Barron. 
  

 2 

 1.4 Upon the completion by the Escrow Agent of its obligations under Section 1.2, this Agreement shall
terminate and the Escrow Agent shall have no further liability hereunder. 
  
 1.5 This Agreement may be altered or amended only with the written consent of all of the parties hereto. In the event CSI, VBYR or Barron attempts to change this Agreement in a manner, which, in the Escrow
Agent’s discretion, shall be undesirable, the Escrow Agent may resign as Escrow Agent by notifying CSI, VBYR and Barron in writing. In the case of the Escrow Agent’s resignation, the only duty of the Escrow Agent, until receipt of a joint
written notice from CSI, VBYR and Barron (the “Transfer Instructions”) that a successor escrow agent has been appointed, shall be to hold and preserve the Funds and the Transaction Documents that are in its possession. Upon receipt by the
Escrow Agent of said notice from CSI, VBYR and Barron of the appointment of a successor escrow agent, the name of a successor escrow account and a direction to transfer the Funds to such successor escrow account to be thereafter held by such
successor escrow agent, the Escrow Agent shall promptly thereafter transfer the Funds and deliver the Transaction Documents to said successor escrow agent. Immediately after said transfer of the Funds and delivery of the Transaction Documents to
said successor escrow agent, the Escrow Agent shall furnish CSI, VBYR and Barron with proof of such transfer. The Escrow Agent is authorized to disregard any notices, requests, instructions or demands received by it from CSI, VBYR and Barron after
notice of resignation has been given, except only for the Transfer Instructions. 
  
 1.6 The Escrow Agent shall be reimbursed by CSI for any reasonable expenses incurred in the event there is a conflict between the parties and the Escrow Agent shall deem it necessary to retain counsel, upon whose
advice the Escrow Agent may rely. The Escrow Agent shall not be liable for any action taken or omitted by the Escrow Agent in good faith and in no event shall the Escrow Agent be liable or responsible except for the Escrow Agent’s own gross
negligence or willful misconduct. The Escrow Agent has made no representations or warranties to CSI, VBYR or Barron in connection with this transaction. The Escrow Agent has no liability hereunder to either party other than to hold the Funds
received from Barron and to deliver the Funds under the terms hereof. CSI, VBYR and Barron each agrees to indemnify and hold harmless the Escrow Agent from and with respect to any suits, claims, actions or liabilities arising in any way out of the
Contemplated Transactions, including the obligation to defend any legal action brought which in any way arises out of or is related to this Agreement, the Preferred Stock Purchase Agreement, the Merger Agreement, and/or the other Documents. The
parties each and all acknowledge and recognize that the Escrow Agent has also served and shall continue to serve as the legal counsel to CSI and the parties each and all waive any claim of any conflict of interest as a result thereof. 
  
 1.7 The Escrow Agent shall be obligated only for the performance of such
duties as are specifically set forth herein and may rely and shall be protected in relying or refraining from acting on any instrument reasonably believed by the Escrow Agent to be genuine and to have been signed or presented by the proper party or
parties. The Escrow Agent shall not be personally liable for any act the Escrow Agent may do or omit to do hereunder as the Escrow 
  

 3 

 Agent while acting in good faith, and any act done or omitted by the Escrow Agent pursuant to the advice of the Escrow
Agent’s attorneys-at-law shall be conclusive evidence of such good faith. 
  
 1.8 The Escrow Agent is hereby expressly authorized to disregard any and all warnings or orders given by any of the parties hereto or by any other person or corporation, excepting only the written notices described in
Section 1.3 and the Transfer Instructions and/or orders or process of courts of law and is hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. In case the Escrow Agent obeys or complies with any such order,
judgment or decree, including but not limited to the written notices described in Section 1.3 and the Transfer Instructions, then the Escrow Agent shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason
of such decree or orders being subsequently reversed, modified, annulled, set aside, vacated or found to have been entered without jurisdiction. 
  
 1.9 The Escrow Agent shall not be liable in any respect on account of the identity, authorities or rights of the parties executing or delivering or
purporting to execute or deliver this Agreement or any documents or papers deposited or called for hereunder. 
  
 1.10 If the Escrow Agent reasonably requires other or further documents in connection with this Agreement, the necessary parties hereto shall join in
furnishing such documents. 
  
 1.11 It is understood and agreed
that should any dispute arise with respect to the delivery and/or ownership or right of possession of the Funds and/or the Transaction Documents held by the Escrow Agent hereunder, the Escrow Agent is authorized and directed in the Escrow
Agent’s sole discretion (a) to retain the Funds and the Transaction Documents in the Escrow Agent’s possession, without liability to anyone, until such disputes shall have been settled either by mutual written agreement of the parties
concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal has expired and no appeal has been perfected, but the Escrow Agent shall be under no duty whatsoever to institute or defend any such
proceedings or (b) to deliver the Funds and the Transaction Documents held by the Escrow Agent hereunder to a state or federal court having competent subject matter jurisdiction and located in the State of South Carolina in accordance with the
applicable procedure therefor. 
  
 ARTICLE 2 
 MISCELLANEOUS 
  
 2.1 No waiver of any breach of any covenant or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof, or of
any other covenant or provision herein contained. No extension of time for performance of any obligation or act shall be deemed any extension of the time for performance of any other obligation or act. 
  
 2.2 This Agreement shall be binding upon and shall inure to the benefit of
the permitted successors and assigns of the parties hereto. 
  

 4 

 2.3 This Agreement is the final expression of, and contains the entire agreement between, the parties
with respect to the subject matter hereof and supersedes all prior understandings with respect thereto. This Agreement may not be modified, changed, supplemented or terminated, nor may any obligations hereunder be waived, except by written
instrument signed by the parties to be charged or by its agent duly authorized in writing or as otherwise expressly permitted herein. 
  
 2.4 Whenever required by the context of this Agreement, the singular shall include the plural and masculine shall include the feminine. This Agreement may
be executed in two or more counterparts, all of which taken together shall constitute one instrument. Execution and delivery of this Agreement by exchange of facsimile copies bearing the facsimile signature of a party shall constitute a valid and
binding execution and delivery of this Agreement by such party. Such facsimile copies shall constitute enforceable original documents. 
  
 2.5 (a) This Agreement shall be governed and construed in accordance with the laws of the State of South Carolina without regard to any applicable
principles of conflicts of law. 
  
 (b) ANY ACTION OR PROCEEDING
SEEKING TO ENFORCE ANY PROVISION OF, OR BASED ON ANY RIGHT ARISING OUT OF, THIS AGREEMENT SHALL BE BROUGHT AGAINST ANY OF THE PARTIES HERETO IN THE APPROPRIATE FEDERAL COURT LOCATED IN THE STATE OF SOUTH CAROLINA, WITH EACH PARTY HERETO AGREEING TO
SUBJECT MATTER JURISDICTION, PERSONAL JURISDICTION AND VENUE IN SUCH COURT. EACH OF THE PARTIES HERETO CONSENTS TO THIS JURISDICTION PROVISION IN ANY SUCH ACTION OR PROCEEDING AND WAIVES ANY OBJECTION TO VENUE LAID THEREIN. PROCESS IN ANY ACTION OR
PROCEEDING REFERRED TO IN THE PRECEDING SENTENCE MAY BE SERVED ON ANY PARTY HERETO ANYWHERE IN THE WORLD. 
  
 2.6 All notices and other communications hereunder shall be in writing (and shall be deemed given upon receipt) if delivered personally, telecopied (which
is confirmed), mailed by registered or certified mail (return receipt requested), or delivered by a national overnight delivery service (e.g., Federal Express) to the parties at the following addresses (or at such other address for a party as shall
be specified by like notice): 
  

			
	 If to CSI, to:
	 	 If to Barron, to:

		
	 Computer Software Innovations, Inc.
	 	 Barron Partners LP

	 1661 East Main Street, Suite A
	 	 730 Fifth Avenue, 9th Floor

	 Easley, South Carolina 29642
	 	 New York, New York 10019

	 Attn: Nancy K. Hedrick
	 	 Attn: Andrew Barron Worden

  

 5 

 If to VBYR, to: 
  
 Computer Software Innovations, Inc. 
 f/k/a VerticalBuyer, Inc. 
 c/o Computer Software Innovations, Inc. 
 1661 East Main Street, Suite A 
 Easley, South Carolina 29642 
 Attn: Nancy K. Hedrick 
  
 If to the Escrow Agent: 
  
 Leatherwood
Walker Todd & Mann, P.C. 
 300 East McBee Avenue, Suite 500 
 Greenville, South Carolina 29601 
 Attn: Richard L. Few, Jr., Esq. 
  
 2.7 By signing this Agreement, the Escrow Agent becomes a party hereto only for the purpose of this Agreement; the Escrow Agent does not become a party to the Transaction Documents. 
  
 2.8 Each party acknowledges and agrees that this Agreement shall not be
deemed prepared or drafted by any one party. In the event of any dispute between the parties concerning this Agreement, the parties agree that any rule of construction, to the effect that any ambiguity in the language of the Agreement is to be
resolved against the drafting party, shall not apply. 
  
 2.9 This
Agreement has been executed as of the date first written above after 5:00 p.m. Eastern Standard Time. 
  
 3.0 This Agreement may be executed in counterparts, each one of which will constitute an original and all of which taken together will constitute one
document. This Agreement may be executed by delivery of a signed signature page by fax to the other parties hereto and such fax execution and delivery will be valid in all respects. 
  
 [signatures appear on the following page] 
  

 6 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

  

									
	 	 	 	  	 COMPUTER SOFTWARE INNOVATIONS, INC.

	 	 	 	  	 (SOUTH CAROLINA)

					
	  

	 	 	  	 By:
	 	 /s/ Nancy K. Hedrick

	 	 [SEAL]

	 Name:
	 	 	  	 	 	 Nancy K. Hedrick
	 	 
	 Witness
	 	 	  	 Its:
	 	 President
	 	 
				
	 	 	 	  	 BARRON PARTNERS LP
	 	 
	 	 	 	  	 By:
	 	 Barron Capital Advisors LLC,
	 	 
	 	 	 	  	 	 	 its General Partner
	 	 
					
	  

	 	 	  	 By:
	 	 /s/ Andrew Barron Worden

	 	 [SEAL]

	 Name:
	 	 	  	 	 	 Andrew Barron Worden, Managing Partner
	 	 
	 Witness
	 	 	  	 	 	 	 	 
			
	 	 	 	  	 COMPUTER SOFTWARE INNOVATIONS, INC.

	 	 	 	  	 (DELAWARE)

	 	 	 	  	 (formerly known as VerticalBuyer, Inc.)
	 	 
					
	  

	 	 	  	 By:
	 	 /s/ Nancy K. Hedrick

	 	 [SEAL]

	 Name:
	 	 	  	 	 	 Nancy K. Hedrick
	 	 
	 Witness
	 	 	  	 Its:
	 	 President
	 	 
			
	 	 	 	  	 ESCROW AGENT:

			
	 	 	 	  	 LEATHERWOOD WALKER TODD & MANN, P.C.

					
	 	 	 	  	 By:
	 	 /s/ Richard L. Few, Jr.

	 	 
	 	 	 	  	 	 	 Richard L. Few, Jr.
	 	 
	 	 	 	  	 Its:
	 	 Managing Director
	 	 

  

 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]