Document:

WELLS FARGO  & COMPANY 8-K

 

Exhibit 4.1

 

[Face
of Note]

Unless
this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”),
to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the
name of Cede & Co. or in such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.

	CUSIP NO. 95001BCE2	FACE AMOUNT:
    $_______
	REGISTERED NO. ___	 

 

WELLS
FARGO  & COMPANY

MEDIUM-TERM
NOTE, SERIES S

Due
Nine Months or More From Date of Issue

Principal
at Risk Securities Linked to the Lowest Performing of the Russell 2000® Index, the S &P 500®
Index, the EURO STOXX 50® Index, the iShares® MSCI EAFE ETF and the iShares® MSCI
Emerging Markets ETF due January 27, 2021

WELLS
FARGO  & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter called the
“Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for
value received, hereby promises to pay to CEDE & Co., or registered assigns, an amount equal to the Maturity Payment
Amount (as defined below), in such coin or currency of the United States of America as at the time of payment is legal tender
for payment of public and private debts, on the Stated Maturity Date. The “Initial Stated Maturity Date” shall
be January 27, 2021. If the Calculation Day (as defined below) is not postponed, the Initial Stated Maturity Date will be the
“Stated Maturity Date.” If the Calculation Day is postponed, the “Stated Maturity Date”
shall be the later of (i) the Initial Stated Maturity Date and (ii) three Business Days (as defined below) after the
last Calculation Day as postponed. This Security shall not bear any interest.

Any
payments on this Security at Maturity will be made against presentation of this Security at the office or agency of the Company
maintained for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company
for such purpose.

“Face
Amount” shall mean, when used with respect to this Security, the amount set forth on the face of this Security as its
“Face Amount.”

    	 	 	 

    	 

    

 

Determination
of Maturity Payment Amount

The
“Maturity Payment Amount” of this Security will equal:

		●	if
                                         the Ending Value of the Lowest Performing Market Measure is greater than or equal to
                                         its Threshold Value: the Face Amount plus the Contingent Fixed Return; or

		●	if
                                         the Ending Value of the Lowest Performing Market Measure is less than its Threshold Value:
                                         the Face Amount plus:

	 	 		Face
    Amount x	Market
    Measure Performance of the Lowest Performing

    Market Measure + Buffer Amount		 

 

All
calculations with respect to the Maturity Payment Amount will be rounded to the nearest one hundred-thousandth, with five one-millionths
rounded upward (e.g., 0.000005 would be rounded to 0.00001); and the Maturity Payment Amount will be rounded to the nearest cent,
with one-half cent rounded upward.

“Market
Measure” shall mean each of the Russell 2000® Index, the S &P 500® Index, the EURO
STOXX® 50 Index, the iShares® MSCI EAFE ETF and the iShares® MSCI Emerging Markets
ETF.

The
“Pricing Date” shall mean January 22, 2019.

The
“Starting Value” means, with respect to the Russell 2000 Index is 1482.501, its Closing Value on January 18,
2019, with respect to the S &P 500 Index is 2670.71, its Closing Value on January 18, 2019, with respect to the EURO STOXX
50 Index is 3134.92, its Closing Value on January 18, 2019, with respect to the iShares MSCI EAFE ETF is $62.08, its Closing Value
on January 18, 2019, and with respect to the iShares MSCI Emerging Markets ETF is $41.55, its Closing Value on January 18, 2019.

The
“Lowest Performing Market Measure” will be the Market Measure with the lowest Market Measure Performance as
measured from its Starting Value to its Ending Value.

The
“Market Measure Performance” with respect to a Market Measure is the percentage change from its Starting Value
to its Ending Value, measured as follows:

Ending
Value – Starting Value

Starting Value

The
“Closing Value” means, with respect to an Index on any Trading Day, its Closing Level on that Trading Day,
and with respect to a Fund on any Trading Day, its Fund Closing Price on that Trading Day.

“Index”
shall mean each of the Russell 2000® Index, the S &P 500® Index and the EURO STOXX®
50 Index.

    	 	2	 

     

    

 

“Fund”
shall mean each of the iShares® MSCI EAFE ETF and the iShares® MSCI Emerging Markets ETF.

The
“Closing Level” with respect to an Index on any Trading Day means the official closing level of that Index
reported by the relevant Index Sponsor on such Trading Day, as obtained by the Calculation Agent on such Trading Day from the
licensed third-party market data vendor contracted by the Calculation Agent at such time; in particular, taking into account the
decimal precision and/or rounding convention employed by such licensed third-party market data vendor on such date, subject to
the provisions set forth below under “Adjustments to an Index,” “Discontinuance of an Index” and “Market
Disruption Events.”

The
“Fund Closing Price” with respect to a Fund on any Trading Day means the product of (i) the Closing Price of
one share of such Fund (or one unit of any other security for which a Fund Closing Price must be determined) on such Trading Day
and (ii) the Adjustment Factor applicable to such Fund on such Trading Day.

The
“Closing Price” for one share of a Fund (or one unit of any other security for which a Closing Price must be
determined) on any Trading Day means the official closing price on such day published by the principal United States securities
exchange registered under the Securities Exchange Act of 1934, as amended, on which such Fund (or any such other security) is
listed or admitted to trading.

The
“Adjustment Factor” means, with respect to a share of a Fund (or one unit of any other security for which a
Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of such
Fund. See “Anti-dilution Adjustments Relating To A Fund; Alternate Calculation” below”.

The
“Ending Value” of a Market Measure will be its Closing Value on the Calculation Day.

The
“Threshold Value” with respect to the Russell 2000 Index is 1186.0008, which is equal to 80% of its Starting
Value, with respect to the S &P 500 Index is 2136.568, which is equal to 80% of its Starting Value, with respect to the EURO
STOXX 50 Index is 2507.936, which is equal to 80% of its Starting Value, with respect to the iShares MSCI EAFE ETF is $49.664,
which is equal to 80% of its Starting Value, and with respect to the iShares MSCI Emerging Markets ETF is $33.24, which is equal
to 80% of its Starting Value.

The
“Contingent Fixed Return” is 19% of the Face Amount of this Security.

The
“Buffer Amount” is 20%.

“Index
Sponsor” shall mean the sponsor or publisher of an Index.

“Business
Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions
are authorized or required by law or regulation to close in New York, New York.

    	 	3	 

     

    

 

A
“Trading Day” with respect to the S &P 500 Index or the Russell 2000 Index means a day, as determined by
the Calculation Agent, on which (i) the Relevant Stock Exchanges with respect to each security underlying such Index are
scheduled to be open for trading for their respective regular trading sessions and (ii) each Related Futures or Options Exchange
with respect to such Index is scheduled to be open for trading for its regular trading session.

A
“Trading Day” with respect to the EURO STOXX 50 Index means a day, as determined by the Calculation Agent,
on which (i) the relevant Index Sponsor is scheduled to publish the level of the EURO STOXX 50 Index and (ii) each Related
Futures or Options Exchange with respect to the EURO STOXX 50 Index is scheduled to be open for trading for its regular trading
session.

The
“Related Futures or Options Exchange” for an Index means an exchange or quotation system where trading has
a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to
such Index.

The
“Relevant Stock Exchange” for any security underlying an Index means the primary exchange or quotation system
on which such security is traded, as determined by the Calculation Agent.

A
“Trading Day” with respect to a Fund means a day, as determined by the Calculation Agent, on which the Relevant
Stock Exchange and each Related Futures or Options Exchange with respect to such Fund or any successor thereto, if applicable,
are scheduled to be open for trading for their respective regular trading sessions.

The
“Relevant Stock Exchange” for a Fund means the primary exchange or quotation system on which shares (or other
applicable securities) of such Fund are traded, as determined by the Calculation Agent.

The
“Related Futures or Options Exchange” for a Fund means each exchange or quotation system where trading has
a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to
such Fund.

The
“Calculation Day” shall be January 22, 2021. If such day is not a Trading Day with respect to any Market Measure,
the Calculation Day for each Market Measure will be postponed to the next succeeding day that is a Trading Day with respect to
each Market Measure. The Calculation Day for a Market Measure is also subject to postponement due to the occurrence of a Market
Disruption Event (as defined below) with respect to that Market Measure. If a Market Disruption Event occurs or is continuing
with respect to a Market Measure on the Calculation Day, such Calculation Day for such Market Measure will be postponed to the
first succeeding Trading Day for such Market Measure on which a Market Disruption Event for such Market Measure has not occurred
and is not continuing; however, if such first succeeding Trading Day has not occurred as of the eighth Trading Day for such Market
Measure after the originally scheduled Calculation Day, that eighth Trading Day shall be deemed to be the Calculation Day for
such Market Measure. If the Calculation Day has been postponed eight Trading Days for a Market Measure after the originally scheduled
Calculation Day and a Market Disruption Event

    	 	4	 

     

    

 

occurs
or is continuing with respect to such Market Measure on such eighth Trading Day, the Calculation Agent will determine the Closing
Value of such Market Measure on such eighth Trading Day (i) in the case of an Index, in accordance with the formula for and method
of calculating the Closing Level of such Index last in effect prior to commencement of the Market Disruption Event, using the
closing price (or, with respect to any relevant security, if a Market Disruption Event has occurred with respect to such security,
its good faith estimate of the value of such security at (a) with respect to the S &P 500 Index or the Russell 2000 Index,
the Scheduled Closing Time of the Relevant Stock Exchange for such security or, if earlier, the actual closing time of the regular
trading session of such Relevant Stock Exchange or (b) with respect to the EURO STOXX 50 Index, the time at which the official
closing level of such Index is calculated and published by the relevant Index Sponsor) on such date of each security included
in such Index and (ii) in the case of a Fund, based on its good faith estimate of the value of the shares (or other applicable
securities) of such Fund as of the close of trading on such date. As used in clause (i) of the immediately preceding sentence,
“closing price” means, with respect to any security on any date, the Relevant Stock Exchange traded or quoted price
of such security as of (a) with respect to the S &P 500 Index or the Russell 2000 Index, the Scheduled Closing Time of the
Relevant Stock Exchange for such security or, if earlier, the actual closing time of the regular trading session of such Relevant
Stock Exchange or (b) with respect to the EURO STOXX 50 Index, the time at which the official closing level of such Index is calculated
and published by the relevant Index Sponsor. Notwithstanding the postponement of the Calculation Day for a particular Market Measure
due to a Market Disruption Event with respect to such Market Measure on the Calculation Day, the originally scheduled Calculation
Day will remain the Calculation Day for any Market Measure not affected by a Market Disruption Event on such day. See “—Market
Disruption Events.”

 

“Calculation
Agent Agreement” shall mean the Calculation Agent Agreement dated as of January 24, 2018 between the Company and the
Calculation Agent, as amended from time to time.

“Calculation
Agent” shall mean the Person that has entered into the Calculation Agent Agreement with the Company providing for, among
other things, the determination of the Ending Value and the Maturity Payment Amount, which term shall, unless the context otherwise
requires, include its successors under such Calculation Agent Agreement. The initial Calculation Agent shall be Wells Fargo Securities,
LLC. Pursuant to the Calculation Agent Agreement, the Company may appoint a different Calculation Agent from time to time after
the initial issuance of this Security without the consent of the Holder of this Security and without notifying the Holder of this
Security.

Adjustments
To An Index

If
at any time the method of calculating an Index or a Successor Equity Index, or the closing level thereof, is changed in a material
respect, or if an Index or a Successor Equity Index is in any other way modified so that such index does not, in the opinion of
the Calculation Agent, fairly represent the level of such index had those changes or modifications not been made, then the Calculation
Agent will, at the close of business in New York, New York, on each date that the closing level of such index is to be calculated,
make such calculations and adjustments as, in the good faith judgment of the Calculation Agent, may be necessary in order to arrive
at a level

    	 	5	 

     

    

 

of
an index comparable to such Index or Successor Equity Index as if those changes or modifications had not been made, and the Calculation
Agent will calculate the closing level of such Index or Successor Equity Index with reference to such index, as so adjusted. Accordingly,
if the method of calculating an Index or Successor Equity Index is modified so that the level of such index is a fraction or a
multiple of what it would have been if it had not been modified (e.g., due to a split or reverse split in such equity index),
then the Calculation Agent will adjust such Index or Successor Equity Index in order to arrive at a level of such index as if
it had not been modified (e.g., as if the split or reverse split had not occurred).

Discontinuance
Of An Index

If
an Index Sponsor discontinues publication of an Index, and such Index Sponsor or another entity publishes a successor or substitute
equity index that the Calculation Agent determines, in its sole discretion, to be comparable to such Index (a “Successor
Equity Index”), then, upon the Calculation Agent’s notification of that determination to the Trustee and the Company,
the Calculation Agent will substitute the Successor Equity Index as calculated by the relevant Index Sponsor or any other entity
and calculate the Ending Value of such Index as described above. Upon any selection by the Calculation Agent of a Successor Equity
Index, the Company will cause notice to be given to the Holder of this Security.

In
the event that an Index Sponsor discontinues publication of an Index prior to, and the discontinuance is continuing on, the Calculation
Day and the Calculation Agent determines that no Successor Equity Index is available at such time, the Calculation Agent will
calculate a substitute Closing Level for such Index in accordance with the formula for and method of calculating such Index last
in effect prior to the discontinuance, but using only those securities that comprised such Index immediately prior to that discontinuance.
If a Successor Equity Index is selected or the Calculation Agent calculates a level as a substitute for such Index, the Successor
Equity Index or level will be used as a substitute for such Index for all purposes, including the purpose of determining whether
a Market Disruption Event exists.

If
on the Calculation Day an Index Sponsor fails to calculate and announce the level of an Index, the Calculation Agent will calculate
a substitute Closing Level of such Index in accordance with the formula for and method of calculating such Index last in effect
prior to the failure, but using only those securities that comprised such Index immediately prior to that failure; provided
that, if a Market Disruption Event occurs or is continuing on such day with respect to such Index, then the provisions set
forth above under the definition of “Calculation Day” shall apply in lieu of the foregoing.

Market
Disruption Events 

A
“Market Disruption Event” with respect to the S &P 500 Index or the Russell 2000 Index means any of the
following events as determined by the Calculation Agent in its sole discretion:

		(A)	The
                                         occurrence or existence of a material suspension of or limitation imposed on trading
                                         by the Relevant Stock Exchanges or otherwise relating to securities which then comprise
                                         20% or more of the level of such Index or any Successor Equity

    	 	6	 

     

    

 

			Index
                                         at any time during the one-hour period that ends at the Close of Trading on that day,
                                         whether by reason of movements in price exceeding limits permitted by those Relevant
                                         Stock Exchanges or otherwise.

		(B)	The
                                         occurrence or existence of a material suspension of or limitation imposed on trading
                                         by any Related Futures or Options Exchange or otherwise in futures or options contracts
                                         relating to such Index or any Successor Equity Index on any Related Futures or Options
                                         Exchange at any time during the one-hour period that ends at the Close of Trading on
                                         that day, whether by reason of movements in price exceeding limits permitted by the Related
                                         Futures or Options Exchange or otherwise.

		(C)	The
                                         occurrence or existence of any event, other than an early closure, that materially disrupts
                                         or impairs the ability of market participants in general to effect transactions in, or
                                         obtain market values for, securities that then comprise 20% or more of the level of such
                                         Index or any Successor Equity Index on their Relevant Stock Exchanges at any time during
                                         the one-hour period that ends at the Close of Trading on that day.

		(D)	The
                                         occurrence or existence of any event, other than an early closure, that materially disrupts
                                         or impairs the ability of market participants in general to effect transactions in, or
                                         obtain market values for, futures or options contracts relating to such Index or any
                                         Successor Equity Index on any Related Futures or Options Exchange at any time during
                                         the one-hour period that ends at the Close of Trading on that day.

		(E)	The
                                         closure on any Exchange Business Day of the Relevant Stock Exchanges on which securities
                                         that then comprise 20% or more of the level of such Index or any Successor Equity Index
                                         are traded or any Related Futures or Options Exchange with respect to such Index or any
                                         Successor Equity Index prior to its Scheduled Closing Time unless the earlier closing
                                         time is announced by the Relevant Stock Exchange or Related Futures or Options Exchange,
                                         as applicable, at least one hour prior to the earlier of (1) the actual closing time
                                         for the regular trading session on such Relevant Stock Exchange or Related Futures or
                                         Options Exchange, as applicable, and (2) the submission deadline for orders to be entered
                                         into the Relevant Stock Exchange or Related Futures or Options Exchange, as applicable,
                                         system for execution at such actual closing time on that day.

		(F)	The
                                         Relevant Stock Exchange for any security underlying such Index or Successor Equity Index
                                         or any Related Futures or Options Exchange with respect to such Index or Successor Equity
                                         Index fails to open for trading during its regular trading session.

    	 	7	 

     

    

 

For
purposes of determining whether a Market Disruption Event has occurred with respect to the S &P 500 Index or the Russell 2000
Index:

		(1)	the
                                         relevant percentage contribution of a security to the level of such Index or any Successor
                                         Equity Index will be based on a comparison of (x) the portion of the level of such
                                         Index attributable to that security and (y) the overall level of such Index or Successor
                                         Equity Index, in each case immediately before the occurrence of the Market Disruption
                                         Event;

		(2)	the
                                         “Close of Trading” on any Trading Day for such Index or any Successor
                                         Equity Index means the Scheduled Closing Time of the Relevant Stock Exchanges with respect
                                         to the securities underlying such Index or Successor Equity Index on such Trading Day;
                                         provided that, if the actual closing time of the regular trading session of any such
                                         Relevant Stock Exchange is earlier than its Scheduled Closing Time on such Trading Day,
                                         then (x) for purposes of clauses (A) and (C) of the definition of “Market
                                         Disruption Event” above, with respect to any security underlying such Index or
                                         Successor Equity Index for which such Relevant Stock Exchange is its Relevant Stock Exchange,
                                         the “Close of Trading” means such actual closing time and (y) for purposes
                                         of clauses (B) and (D) of the definition of “Market Disruption Event”
                                         above, with respect to any futures or options contract relating to such Index or Successor
                                         Equity Index, the “Close of Trading” means the latest actual closing time
                                         of the regular trading session of any of the Relevant Stock Exchanges, but in no event
                                         later than the Scheduled Closing Time of the Relevant Stock Exchanges;

		(3)	the
                                         “Scheduled Closing Time” of any Relevant Stock Exchange or Related
                                         Futures or Options Exchange on any Trading Day for such Index or any Successor Equity
                                         Index means the scheduled weekday closing time of such Relevant Stock Exchange or Related
                                         Futures or Options Exchange on such Trading Day, without regard to after hours or any
                                         other trading outside the regular trading session hours; and

		(4)	an
                                         “Exchange Business Day” means any Trading Day for such Index or any
                                         Successor Equity Index on which each Relevant Stock Exchange for the securities underlying
                                         such Index or any Successor Equity Index and each Related Futures or Options Exchange
                                         with respect to such Index or any Successor Equity Index are open for trading during
                                         their respective regular trading sessions, notwithstanding any such Relevant Stock Exchange
                                         or Related Futures or Options Exchange closing prior to its Scheduled Closing Time.

A
“Market Disruption Event” with respect to the EURO STOXX 50 Index means any of (A), (B), (C) or (D) below,
as determined by the Calculation Agent in its sole discretion:

		(A)	Any
                                         of the following events occurs or exists with respect to any security included in such
                                         Index or any Successor Equity Index, and the aggregate of all securities included in
                                         such Index or Successor Equity Index with respect to which any such event occurs comprise
                                         20% or more of the level of such Index or Successor Equity Index;

    	 	8	 

     

    

 

		●	a
                                         material suspension of or limitation imposed on trading by the Relevant Stock Exchange
                                         for such security or otherwise at any time during the one-hour period that ends at the
                                         Scheduled Closing Time for the Relevant Stock Exchange for such security on that day,
                                         whether by reason of movements in price exceeding limits permitted by the Relevant Stock
                                         Exchange or otherwise;

		●	any
                                         event, other than an early closure, that materially disrupts or impairs the ability of
                                         market participants in general to effect transactions in, or obtain market values for,
                                         such security on its Relevant Stock Exchange at any time during the one-hour period that
                                         ends at the Scheduled Closing Time for the Relevant Stock Exchange for such security
                                         on that day; or

		●	the
                                         closure on any Exchange Business Day of the Relevant Stock Exchange for such security
                                         prior to its Scheduled Closing Time unless the earlier closing is announced by such Relevant
                                         Stock Exchange at least one hour prior to the earlier of (i) the actual closing time
                                         for the regular trading session on such Relevant Stock Exchange and (ii) the submission
                                         deadline for orders to be entered into the Relevant Stock Exchange system for execution
                                         at the Scheduled Closing Time for such Relevant Stock Exchange on that day.

		(B)	Any
                                         of the following events occurs or exists with respect to futures or options contracts
                                         relating to such Index or any Successor Equity Index:

		●	a
                                         material suspension of or limitation imposed on trading by any Related Futures or Options
                                         Exchange or otherwise at any time during the one-hour period that ends at the close of
                                         trading on such Related Futures or Options Exchange on that day, whether by reason of
                                         movements in price exceeding limits permitted by the Related Futures or Options Exchange
                                         or otherwise;

		●	any
                                         event, other than an early closure, that materially disrupts or impairs the ability of
                                         market participants in general to effect transactions in, or obtain market values for,
                                         futures or options contracts relating to such Index or Successor Equity Index on any
                                         Related Futures or Options Exchange at any time during the one-hour period that ends
                                         at the close of trading on such Related Futures or Options Exchange on that day; or

		●	the
                                         closure on any Exchange Business Day of any Related Futures or Options Exchange prior
                                         to its Scheduled Closing Time unless the earlier closing time is announced by such Related
                                         Futures or Options Exchange at least one hour prior to the earlier of (i) the actual
                                         closing time for the regular trading session on such Related Futures or Options Exchange
                                         and (ii) the submission deadline for orders to be entered into the Related Futures or
                                         Options Exchange system for execution at the close of trading for such Related Futures
                                         or Options Exchange on that day.

		(C)	The
                                         relevant Index Sponsor fails to publish the level of such Index or any

    	 	9	 

     

    

 

			 Successor Equity
                                         Index (other than as a result of the relevant Index Sponsor having discontinued publication
                                         of such Index or Successor Equity Index and no Successor Equity Index being available).

		(D)	Any
                                         Related Futures or Options Exchange fails to open for trading during its regular trading
                                         session.

For
purposes of determining whether a Market Disruption Event has occurred with respect to the EURO STOXX 50 Index:

		(1)	the
                                         relevant percentage contribution of a security included in such Index or any Successor
                                         Equity Index to the level of such Index will be based on a comparison of (x) the portion
                                         of the level of such index attributable to that security to (y) the overall level of
                                         such index, in each case using the official opening weightings as published by the relevant
                                         Index Sponsor as part of the market opening data;

		(2)	the
                                         “Scheduled Closing Time” of any Relevant Stock Exchange or Related
                                         Futures or Options Exchange on any Trading Day means the scheduled weekday closing time
                                         of such Relevant Stock Exchange or Related Futures or Options Exchange on such Trading
                                         Day, without regard to after hours or any other trading outside the regular trading session
                                         hours; and

		(3)	an
                                         “Exchange Business Day” means any Trading Day on which (i) the relevant
                                         Index Sponsor publishes the level of such Index or any Successor Equity Index and (ii)
                                         each Related Futures or Options Exchange is open for trading during its regular trading
                                         session, notwithstanding any Related Futures or Options Exchange closing prior to its
                                         Scheduled Closing Time.

A
“Market Disruption Event” means, with respect to a Fund, any of the following events as determined by the Calculation
Agent in its sole discretion:

		(A)	The
                                         occurrence or existence of a material suspension of or limitation imposed on trading
                                         by the Relevant Stock Exchange or otherwise relating to the shares (or other applicable
                                         securities) of such Fund or any Successor Fund (as defined below) on the Relevant Stock
                                         Exchange at any time during the one-hour period that ends at the Close of Trading on
                                         such day, whether by reason of movements in price exceeding limits permitted by such
                                         Relevant Stock Exchange or otherwise.

		(B)	The
                                         occurrence or existence of a material suspension of or limitation imposed on trading
                                         by any Related Futures or Options Exchange or otherwise in futures or options contracts
                                         relating to the shares (or other applicable securities) of such Fund or any Successor
                                         Fund on any Related Futures or Options Exchange at any time during the one-hour period
                                         that ends at the Close of Trading on that day, whether by reason of movements in price
                                         exceeding limits permitted by the Related Futures or Options Exchange or otherwise.

		(C)	The
                                         occurrence or existence of any event, other than an early closure, that materially disrupts
                                         or impairs the ability of market participants in general to effect

    	 	10	 

     

    

 

			 transactions in, or
                                         obtain market values for, shares (or other applicable securities) of such Fund or any
                                         Successor Fund on the Relevant Stock Exchange at any time during the one-hour period
                                         that ends at the Close of Trading on that day.

		(D)	The
                                         occurrence or existence of any event, other than an early closure, that materially disrupts
                                         or impairs the ability of market participants in general to effect transactions in, or
                                         obtain market values for, futures or options contracts relating to shares (or other applicable
                                         securities) of such Fund or any Successor Fund on any Related Futures or Options Exchange
                                         at any time during the one-hour period that ends at the Close of Trading on that day.

		(E)	The
                                         closure of the Relevant Stock Exchange or any Related Futures or Options Exchange with
                                         respect to such Fund or any Successor Fund prior to its Scheduled Closing Time unless
                                         the earlier closing time is announced by the Relevant Stock Exchange or Related Futures
                                         or Options Exchange, as applicable, at least one hour prior to the earlier of (1) the
                                         actual closing time for the regular trading session on such Relevant Stock Exchange or
                                         Related Futures or Options Exchange, as applicable, and (2) the submission deadline
                                         for orders to be entered into the Relevant Stock Exchange or Related Futures or Options
                                         Exchange, as applicable, system for execution at the Close of Trading on that day.

		(F)	The
                                         Relevant Stock Exchange or any Related Futures or Options Exchange with respect to such
                                         Fund or any Successor Fund fails to open for trading during its regular trading session.

For
purposes of determining whether a Market Disruption Event has occurred with respect to a Fund:

		(1)	“Close
                                         of Trading” means the Scheduled Closing Time of the Relevant Stock Exchange
                                         with respect to such Fund or any Successor Fund; and

		(2)	the
                                         “Scheduled Closing Time” of the Relevant Stock Exchange or any Related
                                         Futures or Options Exchange on any Trading Day for such Fund or any Successor Fund means
                                         the scheduled weekday closing time of such Relevant Stock Exchange or Related Futures
                                         or Options Exchange on such Trading Day, without regard to after hours or any other trading
                                         outside the regular trading session hours.

Anti-dilution
Adjustments Relating To A Fund; Alternate Calculation

Anti-dilution
Adjustments 

The
Calculation Agent will adjust the Adjustment Factor with respect to a Fund as specified below if any of the events specified below
occurs with respect to such Fund and the effective date or ex-dividend date, as applicable, for such event is after the Pricing
Date and on or prior to the Calculation Day for such Fund.

    	 	11	 

     

    

 

The
adjustments specified below do not cover all events that could affect a Fund. The Calculation Agent may, in its sole discretion,
make additional adjustments to any terms of this Security upon the occurrence of other events that affect or could potentially
affect the market price of, or shareholder rights in, such Fund, with a view to offsetting, to the extent practical, any such
change, and preserving the relative investment risks of this Security. In addition, the Calculation Agent may, in its sole discretion,
make adjustments or a series of adjustments that differ from those described herein if the Calculation Agent determines that such
adjustments do not properly reflect the economic consequences of the events specified herein or would not preserve the relative
investment risks of this Security. All determinations made by the Calculation Agent in making any adjustments to the terms of
this Security, including adjustments that are in addition to, or that differ from, those described herein, will be made in good
faith and a commercially reasonable manner, with the aim of ensuring an equitable result. In determining whether to make any adjustment
to the terms of this Security, the Calculation Agent may consider any adjustment made by the Options Clearing Corporation or any
other equity derivatives clearing organization on options contracts on the affected Fund.

For
any event described below, the Calculation Agent will not be required to adjust the Adjustment Factor for a Fund unless the adjustment
would result in a change to such Adjustment Factor then in effect of at least 0.10%. The Adjustment Factor resulting from any
adjustment will be rounded up or down, as appropriate, to the nearest one-hundred thousandth.

		(A)	Stock
                                         Splits and Reverse Stock Splits

If
a stock split or reverse stock split has occurred with respect to a Fund, then once such split has become effective, the Adjustment
Factor for such Fund will be adjusted to equal the product of the prior Adjustment Factor for such Fund and the number of securities
which a holder of one share (or other applicable security) of such Fund before the effective date of such stock split or reverse
stock split would have owned or been entitled to receive immediately following the applicable effective date.

		(B)	Stock
                                         Dividends

If
a dividend or distribution of shares (or other applicable securities) of a Fund has been made by such Fund ratably to all holders
of record of such shares (or other applicable security), then the Adjustment Factor for such Fund will be adjusted on the ex-dividend
date to equal the prior Adjustment Factor for such Fund plus the product of the prior Adjustment Factor for such Fund and the
number of shares (or other applicable security) of such Fund which a holder of one share (or other applicable security) of such
Fund before the ex-dividend date would have owned or been entitled to receive immediately following that date; provided, however,
that no adjustment will be made for a distribution for which the number of securities of such Fund paid or distributed is based
on a fixed cash equivalent value.

    	 	12	 

     

    

 

		(C)	Extraordinary
                                         Dividends

If
an Extraordinary Dividend (as defined below) has occurred with respect to a Fund, then the Adjustment Factor for such Fund will
be adjusted on the ex-dividend date to equal the product of the prior Adjustment Factor for such Fund and a fraction, the numerator
of which is the Closing Price per share (or other applicable security) of such Fund on the Trading Day preceding the ex-dividend
date, and the denominator of which is the amount by which the Closing Price per share (or other applicable security) of such Fund
on the Trading Day preceding the ex-dividend date exceeds the Extraordinary Dividend Amount (as defined below).

For
purposes of determining whether an Extraordinary Dividend has occurred:

		(1)	“Extraordinary
                                         Dividend” means any cash dividend or distribution (or portion thereof) that
                                         the Calculation Agent determines, in its sole discretion, is extraordinary or special;
                                         and

		(2)	“Extraordinary
                                         Dividend Amount” with respect to an Extraordinary Dividend for the securities
                                         of a Fund will equal the amount per share (or other applicable security) of such Fund
                                         of the applicable cash dividend or distribution that is attributable to the Extraordinary
                                         Dividend, as determined by the Calculation Agent in its sole discretion.

A
distribution on the securities of a Fund described below under the section entitled “—Reorganization Events”
below that also constitutes an Extraordinary Dividend will only cause an adjustment pursuant to that “—Reorganization
Events” section.

		(D)	Other
                                         Distributions

If
a Fund declares or makes a distribution to all holders of the shares (or other applicable security) of such Fund of any non-cash
assets, excluding dividends or distributions described under the section entitled “—Stock Dividends” above,
then the Calculation Agent may, in its sole discretion, make such adjustment (if any) to the Adjustment Factor as it deems appropriate
in the circumstances. If the Calculation Agent determines to make an adjustment pursuant to this paragraph, it will do so with
a view to offsetting, to the extent practical, any change in the economic position of a holder of this Security that results solely
from the applicable event.

		(E)	Reorganization
                                         Events

If a Fund, or any
Successor Fund, is subject to a merger, combination, consolidation or statutory exchange of securities with another exchange traded
fund, and such Fund is not the surviving entity (a “Reorganization Event”), then, on or after the date of such
event, the Calculation Agent shall, in its sole

    	 	13	 

     

    

 

discretion,
make an adjustment to the Adjustment Factor for such Fund or the method of determining the Maturity Payment Amount or any other
terms of this Security as the Calculation Agent determines appropriate to account for the economic effect on this Security of
such event, and determine the effective date of that adjustment. If the Calculation Agent determines that no adjustment that it
could make will produce a commercially reasonable result, then the Calculation Agent may deem such event a Liquidation Event (as
defined below).

Liquidation
Events

If
a Fund is de-listed, liquidated or otherwise terminated (a “Liquidation Event”), and a successor or substitute
exchange traded fund exists that the Calculation Agent determines, in its sole discretion, to be comparable to such Fund, then,
upon the Calculation Agent’s notification of that determination to the Trustee and the Company, any subsequent Fund Closing
Price for such Fund will be determined by reference to the Fund Closing Price of such successor or substitute exchange traded
fund (such exchange traded fund being referred to herein as a “Successor Fund”), with such adjustments as the
Calculation Agent determines are appropriate to account for the economic effect of such substitution on the holder of this Security.

If
a Fund undergoes a Liquidation Event prior to, and such Liquidation Event is continuing on, the date that any Fund Closing Price
of such Fund is to be determined and the Calculation Agent determines that no Successor Fund is available at such time, then the
Calculation Agent will, in its discretion, calculate the Fund Closing Price for such Fund on such date by a computation methodology
that the Calculation Agent determines will as closely as reasonably possible replicate such Fund, provided that if the Calculation
Agent determines in its discretion that it is not practicable to replicate such Fund (including but not limited to the instance
in which the sponsor of the relevant Underlying Index discontinues publication of that Underlying Index), then the Calculation
Agent will calculate the Fund Closing Price for such Fund in accordance with the formula last used to calculate such Fund Closing
Price before such Liquidation Event, but using only those securities that were held by such Fund immediately prior to such Liquidation
Event without any rebalancing or substitution of such securities following such Liquidation Event.

If
a Successor Fund is selected or the Calculation Agent calculates the Fund Closing Price as a substitute for a Fund, such Successor
Fund or Fund Closing Price will be used as a substitute for such Fund for all purposes, including for purposes of determining
whether a Market Disruption Event exists with respect to such Fund.

If
any event is both a Reorganization Event and a Liquidation Event, such event will be treated as a Reorganization Event for purposes
of this Security unless the Calculation Agent makes the determination referenced in the last sentence of the section entitled
“—Anti-dilution Adjustments—Reorganization Events” above.

Alternate
Calculation

If
at any time the method of calculating a Fund or a Successor Fund, or the related Underlying Index, is changed in a material respect,
or if a Fund or a Successor Fund is in any

    	 	14	 

     

    

 

other
way modified so that such Fund does not, in the opinion of the Calculation Agent, fairly represent the price of the securities
of such Fund or such Successor Fund had such changes or modifications not been made, then the Calculation Agent may, at the close
of business in New York City on the date that any Fund Closing Price is to be determined, make such calculations and adjustments
as, in the good faith judgment of the Calculation Agent, may be necessary in order to arrive at a Closing Price of an exchange
traded fund comparable to such Fund or such Successor Fund, as the case may be, as if such changes or modifications had not been
made, and calculate the Fund Closing Price of such Fund and the Maturity Payment Amount with reference to such adjusted Closing
Price of such Fund or such Successor Fund, as applicable.

Calculation
Agent

The
Calculation Agent will determine the Maturity Payment Amount. In addition, the Calculation Agent will (i) determine the Closing
Values of the Market Measures under certain circumstances, (ii) determine if adjustments are required to the Closing Values of
the Market Measures under the circumstances described in this Security, (iii) if publication of an Index is discontinued, select
a Successor Equity Index or, if no Successor Equity Index is available, determine the Closing Value of that Index under the circumstances
described in this Security, (iv) determine whether a Market Disruption Event or non-Trading Day has occurred, and (v) if a Fund
undergoes a Liquidation Event, select a Successor Fund or, if no Successor Fund is available, determine the Fund Closing Price
of such Fund.

The
Company covenants that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which shall
be a broker-dealer, bank or other financial institution) with respect to this Security.

All
determinations made by the Calculation Agent with respect to this Security will be at the sole discretion of the Calculation Agent
and, in the absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security.

Tax
Considerations

The
Company agrees, and by acceptance of a beneficial ownership interest in this Security each Holder of this Security will be deemed
to have agreed (in the absence of a statutory, regulatory, administrative or judicial ruling to the contrary), for United States
federal income tax purposes to characterize and treat this Security as a prepaid derivative contract that is an “open transaction.”

Redemption
and Repayment

This
Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior to January
27, 2021. This Security is not entitled to any sinking fund.

Acceleration

If
an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the Maturity Payment
Amount (calculated as set forth in the next sentence) of

 

    	 	15	 

     

    

 

this
Security may be declared due and payable in the manner and with the effect provided in the Indenture. The amount payable to the
Holder hereof upon any acceleration permitted under the Indenture will be equal to the Maturity Payment Amount hereof calculated
as provided herein as though the date of acceleration was the Calculation Day.

__________________

Reference
is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

Unless
the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature
or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

[The
remainder of this page has been left intentionally blank]

 

    	 	16	 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

DATED:

	 	WELLS FARGO  & COMPANY
	 	 	 
	 	By:	 
	 	 	 
	 	 	Its:
	 	 	 
	 	 	 
	 	Attest:	 
	 	 	 
	 	 	Its:

 

TRUSTEE’S
CERTIFICATE OF

AUTHENTICATION

This
is one of the Securities of the 

series
designated therein described

in
the within-mentioned Indenture.

 

	CITIBANK, N.A.,	 
	 	as Trustee	 
	 	 	 
	By:	 	 
	 	Authorized Signature	 
	 	 	 
	OR	 
	 	 	 
	WELLS FARGO BANK, N.A.,	 
	 	as Authenticating Agent for the Trustee	 
	 	 	 
	By:	 	 
	 	Authorized Signature	 

 

    	 	17	 

     

    

 

[Reverse
of Note]

WELLS
FARGO  & COMPANY

MEDIUM-TERM
NOTE, SERIES S

Due
Nine Months or More From Date of Issue

Principal
at Risk Securities Linked to the Lowest Performing of the Russell 2000® Index, the S &P 500®
Index, the EURO STOXX 50® Index, the iShares® MSCI EAFE ETF and the iShares® MSCI
Emerging Markets ETF due January 27, 2021

This
Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued
and to be issued in one or more series under an indenture dated as of February 21, 2017, as amended or supplemented from
time to time (herein called the “Indenture”), between the Company and Citibank, N.A., as Trustee (herein called
the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and
are to be, authenticated and delivered. This Security is one of the series of the Securities designated as Medium-Term Notes,
Series S, of the Company. The amount payable on the Securities of this series may be determined by reference to the performance
of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities, commodities, currencies, statistical
measures of economic or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure
or may bear interest at a fixed rate or a floating rate. The Securities of this series may mature at different times, be redeemable
at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated
in different currencies.

The
Securities are issuable only in registered form without coupons and will be either (a) book-entry securities represented
by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated securities
issued to and registered in the names of, the beneficial owners or their nominees.

The
Company agrees, to the extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of
interest against a Holder of this Security.

Modification
and Waivers 

The
Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by
the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding
of all series to be affected, acting together as a class. The Indenture also contains provisions permitting the Holders of a majority
in principal amount of the Securities of all series at

    	 	18	 

     

    

 

the
time Outstanding affected by certain provisions of the Indenture, acting together as a class, on behalf of the Holders of all
Securities of such series, to waive compliance by the Company with those provisions of the Indenture. Certain past defaults under
the Indenture and their consequences may be waived under the Indenture by the Holders of a majority in principal amount of the
Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series. Solely for the purpose
of determining whether any consent, waiver, notice or other action or Act to be taken or given by the Holders of Securities pursuant
to the Indenture has been given or taken by the Holders of Outstanding Securities in the requisite aggregate principal amount,
the principal amount of this Security will be deemed to be equal to the amount set forth on the face hereof as the “Face
Amount” hereof. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder
and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

Defeasance

Section 403
and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the Indenture, relating
to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants, upon
compliance by the Company with certain conditions set forth therein, shall not apply to this Security. The remaining provisions
of Section 401 of the Indenture shall apply to this Security.

Authorized
Denominations

This
Security is issuable only in registered form without coupons in denominations of $1,000 or any amount in excess thereof which
is an integral multiple of $1,000.

Registration
of Transfer

Upon
due presentment for registration of transfer of this Security at the office or agency of the Company in the City of Minneapolis,
Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for
an equal aggregate Face Amount will be issued to the transferee in exchange herefor, as provided in the Indenture and subject
to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental
charge imposed in connection therewith.

This
Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the Company that
it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing
agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not appointed within 90 days
after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines
that this Security shall be exchangeable for definitive Securities in registered form and notifies the Trustee thereof or (z)
an Event of Default with respect to the Securities represented hereby has occurred and is continuing. If this Security is exchangeable
pursuant to the preceding sentence, it shall be exchangeable for definitive Securities in registered form, having the same date
of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating a like amount.

    	 	19	 

     

    

 

This
Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary
to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary
or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global Security will not be entitled
to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under
the Indenture.

Prior
to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this
Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

Obligation
of the Company Absolute

No
reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the Maturity Payment Amount at the times, place and rate, and in the coin
or currency, herein prescribed, except as otherwise provided in this Security.

No
Personal Recourse

No
recourse shall be had for the payment of the Maturity Payment Amount, or for any claim based hereon, or otherwise in respect hereof,
or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer
or director, as such, past, present or future, of the Company or any successor corporation, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance
hereof and as part of the consideration for the issuance hereof, expressly waived and released.

Defined
Terms

All
terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture unless
otherwise defined in this Security.

Governing
Law

This
Security shall be governed by and construed in accordance with the law of the State of New York, without regard to principles
of conflicts of laws.

    	 	20	 

     

    

 

ABBREVIATIONS

The
following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written
out in full according to applicable laws or regulations:

	TEN COM	--	as tenants in common
	 	 	 
	TEN ENT	--	as tenants by the entireties
	 	 	 
	JT TEN	--	as joint tenants with right
	 	 	of survivorship and not
	 	 	as tenants in common

 

	UNIF GIFT MIN ACT --	 	 Custodian 	 
	 	(Cust)	 	(Minor)

 

	Under Uniform Gifts to Minors Act	 
	 	 
	 	 
	(State)	 

 

Additional abbreviations
may also be used though not in the above list.

 

FOR VALUE RECEIVED,
the undersigned hereby sell(s) and transfer(s) unto

 

	Please Insert Social Security or	 
	Other Identifying Number of Assignee
	 	 
	 	 

 

 

	 
	 
	 

(Please
print or type name and address including postal zip code of Assignee)

 

    	 	21	 

     

    

 

the
within Security of WELLS FARGO  & COMPANY and does hereby irrevocably constitute and appoint __________________ attorney to
transfer the said Security on the books of the Company, with full power of substitution in the premises.

Dated: _________________________

 

	 	 
	 	 
	 	 
	 	 

 

 

 

NOTICE:
The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular,
without alteration or enlargement or any change whatever.

 

    	 	22Exhibit 10.1

      

       

      

      LOAN AND SECURITY AGREEMENT

      

      

      THIS LOAN AND SECURITY AGREEMENT is entered into as of January 23, 2019 by and between NORTH MILL CAPITAL LLC, a
          Delaware limited liability company (Lender), with an office located at 821 Alexander Road, Suite 130, Princeton, New Jersey  08540 and AMERI100 ARIZONA LLC, an Arizona limited liability company, with its chief executive office located at 1490 South Price Road, Suite 114 Chandler, Arizona  85286, AMERI100 GEORGIA INC., a Georgia corporation, with its chief executive office located at 5000 Research Court, Suite 750, Suwanee, Georgia  30024, AMERI100 CALIFORNIA INC.. a Delaware corporation, with its chief executive office located at 1024 Iron Point Road, Suite 1097, Folsom, California  95360, and AMERI AND PARTNERS INC, a Delaware corporation, with its chief executive office located at 5000 Research Court, Suite
          750, Suwanee, Georgia  30024 (individually and collectively, Borrower).

      

      

      The parties hereto, hereby agree as follows:

      

      

      1.            DEFINITIONS

          AND CONSTRUCTION

      

      

      1.1         Terms.  Unless otherwise defined herein, as used in this Agreement, the following terms shall have the following meanings:

      

      

      Accounts
          means, collectively, in addition to the definition of "Account" in the Code, all presently existing and hereafter arising accounts receivable, contract rights, health-care-insurance receivables and all other forms of obligations owing to Borrower
          arising out of the sale, lease, license or assignment of goods or other property or the rendition of services by Borrower, whether or not earned by performance, all credit insurance, guaranties and other security therefor, as well as all
          merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.

      

      

      Advances means all
          loans, advances and other financial accommodations by Lender to or on account of the Borrower, including those under this Agreement and the other Loan Documents.

      

      

      Agreement means, collectively, this Loan and Security Agreement, together with any and all exhibits, schedules, addenda or riders hereto, as each may be amended,
          modified, supplemented, substituted, extended or renewed from time to time.

      

      

      Authorized Officer means

          any officer or other representative of Borrower authorized by Borrower in a writing delivered to Lender to transact business with Lender.

      

      

      Borrower's Books means

          all of Borrower's books and records including all of the following:  ledgers; records indicating, summarizing or evidencing Borrower's assets or liabilities, or the Collateral; all information relating to Borrower's business operations or
          financial condition; and all computer programs, disks or tape files, printouts, runs or other computer prepared information, whether inscribed on tangible medium or stored in an electronic or other medium and which information is retrievable in
          perceivable form and the goods containing such information.

      

      

      Business Day means any
          day which is not a Saturday, Sunday, or other day on which banks in the State of New Jersey are authorized or required to close.

      

      

      Change of Control
          means (a) at any time, any "person" or "group" (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), shall become, or obtain rights (whether by means of warrants, options or otherwise) to become, the "beneficial owner" (as
          defined in Rules 13(d)-3 and 13(d)‐5 under the Securities Exchange Act of 1934, as amended), directly or indirectly, of fifty percent (50.0%) or more of the ordinary voting power for the election of directors of Parent (determined on a fully
          diluted basis); or (b) during any period of twenty-four (24) consecutive months, 66 2/3% of the members of the board of directors or other equivalent governing body of Parent cease to be composed of individuals (i) who were members of that board or equivalent governing body
          on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least 66 2/3% of
          that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or
          nomination at least 66 2/3% of that board or equivalent governing body.

      

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

                	- 1 -

        

        
          

      

      Chattel Paper has the
          same meaning ascribed to such term in the Code (whether tangible or electronic).

      

      

      Code means the New
          Jersey Uniform Commercial Code, as amended or revised from time to time.

      

      

      Collateral means all
          assets of the Borrower, whether now owned or existing, or hereafter acquired or arising, and wherever located, including, without limitation, all of the following assets, properties, rights and interests in property of Borrower:  all Accounts,
          all Equipment, all Commercial Tort Claims, all General Intangibles, all Chattel Paper, all Inventory, all Negotiable Collateral, all Investment Property, all Financial Assets, all Letter-of-Credit Rights, all Supporting Obligations, all Deposit
          Accounts, all money or assets of Borrower, which hereafter come into the possession, custody, or control of Lender; all proceeds and products, whether tangible or intangible, of any of the foregoing, including proceeds of insurance covering any
          or all of the foregoing; any and all tangible or intangible property resulting from the sale, lease, license or other disposition of any of the foregoing, or any portion thereof or interest therein, and all proceeds thereof; and any other assets
          of Borrower or any Guarantor which may be subject to a lien in favor of Lender as security for the Obligations.

      

      

      Commercial Tort Claims
          has the meaning ascribed to such term in the Code.

      

      

      Daily Balance means
          the amount of the Obligations owed at the end of a given day.

      

      

      Deposit Account has the
          meaning ascribed to such term in the Code.

      

      

      Dilution means, as of
          any date of determination, a percentage based upon the experience of the immediately prior three (3) months, that is the result of dividing the amount of (a) bad debt write-downs, discounts, advertising allowances, credits or other dilutive items
          with respect to Borrower's Accounts during such period, by (b) Borrower's billings with respect to Accounts during such period.

      

      

      Dilution Reserve means a
          reserve established by Lender, from time to time in its sole discretion, based on the results of the most recent field examination of Borrower not to exceed the amount calculated on the basis of the then applicable percent of Dilution minus 1.5%.

      

      

      Documents has the meaning
          ascribed to such term in the Code.

      

      

      Eligible Accounts means
          those Accounts created by Borrower in the ordinary course of business, which are, and at all times shall continue to be, acceptable to Lender in all respects, provided that standards of eligibility may be established and revised from time to time by Lender in Lender's Good Faith judgment.  In determining such acceptability and standards of
          eligibility, Lender may, but need not, rely on agings, reports and schedules of Accounts furnished to Lender by Borrower, but reliance thereon by Lender from time to time shall not be deemed to limit Lender's right to revise its standards of
          eligibility and acceptability at any time, as to both Borrower's present and future Accounts.  In general, an Account shall not be deemed eligible unless:  (a) the Account debtor on such Account is, and at all times continues to be, acceptable to
          Lender and up to credit limits or standards acceptable to Lender, and (b) such Account complies in all respects with the representations, covenants and warranties set forth in this Agreement.  Except in Lender's Good Faith discretion, Eligible
          Accounts shall not include any of the following:  (i) Accounts with respect to which the Account debtor has failed to pay within ninety (90) days of invoice date, and
          all Accounts owed by any Account debtor that has failed to pay fifty percent (50%) or more of its Accounts owed to Borrower within ninety (90) days of
          invoice date; (ii) Accounts with respect to which the goods sold are sold on a bill and hold basis, a consignment sale basis, a guaranteed sale basis, a sale or return basis or which contain other terms by reason of which payment by the Account
          debtor may be conditional; (iii) Accounts with respect to which the Account debtor is not a resident of the United States unless such Accounts are supported by foreign credit insurance or a letter of credit, in both instances reasonably
          satisfactory, in form and substance, to, and assigned to, Lender; (iv) Accounts with respect to which the Account debtor is the United States or any department, agency or instrumentality of the United States, any State of the United States or any
          city, town, municipality or division thereof unless all filings have been made under the Federal Assignment of Claims Act or comparable state or other statute; (v) Accounts with respect to which the Account debtor is an officer, employee or agent
          of, or subsidiary of, related to, affiliated with or has common shareholders, officers or directors with Borrower; (vi) Accounts with respect to which Borrower is or may become liable to the Account debtor for goods sold or services rendered by
          the Account debtor to Borrower or otherwise but only to the extent of the potential offset; (vii) Accounts with respect to an Account debtor whose total obligations to Borrower (on an aggregated basis across all Borrowers) exceed twenty percent
          (20%) of all Accounts or such other percentage as Lender may agree to in writing as to a particular Account debtor (such applicable percentage being, the Concentration Percentage), to the extent such obligations exceed the applicable Concentration Percentage, provided that with respect to the Account debtor Epson America, Inc., the Concentration Percentage shall not
          exceed twenty-five percent (25%) (rather than 20%); (viii) Accounts with respect to which the Account debtor disputes liability or makes any claim with respect thereto, is subject to any insolvency proceeding, becomes insolvent, fails or goes out
          of business; (ix) Accounts arising out of a contract or purchase order for which a surety bond was issued on behalf of Borrower; (x) Accounts with respect to which Lender does not have a first priority and exclusive perfected security interest;
          (xi) Accounts with respect to which the Account debtor is in a jurisdiction for which Borrower is required to file a notice of business activities or similar report and Borrower has not filed such report within the time period required by
          applicable law; (xii) Accounts with respect to which an invoice has not been issued to the Account debtor; or (xiii) Accounts which represent a progress or "milestone" billing on a contract that has not been fully completed by Borrower unless a
          satisfactory no-offset letter from the Account debtor has been obtained by Lender.

       

        

      
        
          	
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      Eligible Unbilled Account means

          an Account which would otherwise constitute an Eligible Account except that an invoice for such Account has not yet been issued to the Account debtor thereof and specifically:  such Account (a) arises from the rendition of services under a firm,
          non-cancellable contract with an Account debtor providing for payment based upon time expended and/or services rendered in accordance with an underlying contract and for which Borrower has verified records or other evidence, satisfactory to
          Lender in its Good Faith discretion, that such services were actually rendered in accordance with the subject contract, (b) represents services rendered during a week or month for which no invoice has been rendered in accordance with the subject
          contract, but where the invoice to the Account Debtor is to be issued by no later than (i) fifteen (15) days after the services were rendered (with respect to those Accounts that are billed on a weekly basis) and (ii) forty-five (45) days after
          services were rendered (with respect to those Accounts that are billed on a monthly basis), and (c) is in all other respects, acceptable to Lender in its Good Faith discretion.  In addition, if (billed and unbilled) Eligible Accounts for any
          Account Debtor become ineligible because of the cross-aging provision set forth in clause (i) of the definition of Eligible Accounts,
          then all Accounts with respect to said Account debtor, including both billed and unbilled Eligible Accounts, shall be deemed ineligible.

      

      

      Equipment means,
          collectively, in addition to the definition of "Equipment" in the Code, all of Borrower's present and hereafter acquired equipment, machinery, machine tools, motors, furniture, furnishings, fixtures, motor vehicles, rolling stock, processors,
          tools, pans, dies, jigs, goods (other than consumer goods or farm products), together with any warranties, rights and interest in any of the foregoing, and all attachments, accessories, accessions, replacements, substitutions, additions and
          improvements to any of the foregoing, wherever located.

      

      

      ERISA means the
          Employee Retirement Income Security Act of 1974, as amended or revised from time to time, and the regulations promulgated thereunder.

      

      

      ERISA Affiliate means
          each trade or business (whether or not incorporated and whether or not foreign) which is or may hereafter become a member of a group of which Borrower is a member and which is treated as a single employer under ERISA Section 4001(b)(1) or Section
          414 of the IRC.

      

      

      Event of Default means
          each of the events specified in Section 8.

      

      

      Financial Assets has
          the meaning ascribed to such term in the Code.

      

      

      General Intangibles means, collectively, in addition to the definition of "General intangible" in the Code, all of Borrower's present and future
          general intangibles and other personal property (including choses or things in action, goodwill, patents, trade names, trademarks, service marks, copyrights, blueprints, drawings, purchase orders, customer lists, monies due or recoverable from
          pension funds, route lists, infringement claims, computer programs, computer discs, computer tapes, Borrower's Books, literature, reports, catalogs, Deposit Accounts, insurance premium rebates, tax refunds and tax refund claims) other than goods
          and Accounts.

      

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

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      Good Faith means
          honesty in fact and the observance of reasonable commercial standards of fair dealing.

      

      

      Guarantor means each
          person or entity which guarantees the Obligations (including the Parent), issues a validity guaranty relating to the Collateral or pledges any assets to Lender as additional security for the Obligations.

      

      

      Insolvency Proceeding
          means any proceeding commenced by or against any person or entity under any provision of the federal Bankruptcy Code, as amended or revised from time to time, or under any other state or federal insolvency law, including assignments for the
          benefit of creditors, formal or informal moratoria, compositions or extensions generally with its creditors.

      

      

      Instruments has the
          meaning ascribed to such term in the Code.

      

      

      Inventory means,
          collectively, in addition to the definition of "Inventory" in the Code, all present and future inventory in which Borrower has any interest, including goods held for sale or lease or to be furnished under a contract of service, Borrower's present
          and future raw materials, work in process, finished goods, tangible property, stock in trade, wares and materials used in or consumed in Borrower's business, goods which have been returned to, repossessed by, or stopped in transit by, Borrower,
          packing and shipping materials, wherever located, any documents of title representing any of the above, and Borrower's Books relating to any of the foregoing.

      

      

      Investment Property has

          the meaning ascribed to such term in the Code.

      

      

      IRC means the Internal
          Revenue Code of 1986, as amended or revised from time to time, and the regulations promulgated thereunder.

      

      

      Lender Expenses means,
          collectively, costs and expenses (whether taxes, assessments, insurance premiums or otherwise) required to be paid by Borrower under any of the Loan Documents which are paid or advanced by Lender, including filing, recording, publication,
          appraisal and search fees paid or incurred by Lender in connection with Lender's transactions with Borrower, costs and expenses incurred by Lender in the disbursement or collection of funds to or from Borrower or its Account debtors, charges
          resulting from the dishonor of checks, costs and expenses incurred by Lender to correct any default or enforce any provision of the Loan Documents, or in gaining possession of, maintaining, handling, preserving, storing, shipping, selling,
          preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a sale is consummated, costs and expenses incurred by Lender in enforcing or defending the Loan Documents or otherwise exercising its
          rights and remedies upon the existence of an Event of Default, including, but not limited to, costs and expenses incurred in connection with any proceeding, suit, enforcement of judgment, or appeal and Lender's reasonable attorneys' fees and
          expenses, including allocated fees of in-house counsel, incurred in advising, structuring, drafting, reviewing, administering, amending, modifying, terminating, enforcing, defending, or otherwise representing Lender with respect to the Loan
          Documents or the Obligations.

      

      

      Letter-of-Credit Rights
          has the meaning ascribed to such term in the Code.

      

      

      Loan Documents means,
          collectively, this Agreement, any Note or Notes, any security agreements, pledge agreements, mortgages, deeds of trust or other encumbrances or agreements which secure the Obligations, and any other agreement entered into between Borrower and
          Lender or by Borrower or a Guarantor in favor of Lender relating to or in connection with this Agreement or the Obligations, as each may be amended, modified, supplemented, substituted, extended or renewed from time to time.

      

      

      Multiemployer Plan means
          a multiemployer plan as defined in ERISA Sections 3(37) or 4001(a)(3) or IRC Section 414(f).

      

      

      
        
          	
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      Negotiable Collateral means

          all of Borrower's present and future letters of credit, notes, drafts, Instruments, Documents, leases and Chattel Paper.

      

      

      Note means any
          promissory note made by Borrower to the order of Lender concurrently herewith or at any time hereafter, as the same may be amended, modified, supplemented, substituted, extended or renewed from time to time.

      

      

      Obligations means all
          Advances, debts, liabilities (including all interest and amounts charged to the Obligations pursuant to any agreement authorizing Lender to charge the Obligations), obligations, lease payments, guaranties, covenants and duties owing by Borrower
          to Lender of any kind and description pursuant to or evidenced by the Loan Documents irrespective of whether for the payment of money, whether made or incurred prior to, on or after the Termination Date, direct or indirect, absolute or
          contingent, due or to become due, now existing or hereafter arising, whenever executed, and further including any debt, liability or obligation owing from Borrower to others which Lender may obtain by assignment or otherwise, and all interest
          thereon (including any interest accruing thereon after maturity, or after the filing of any petition in bankruptcy, or the commencement of any Insolvency Proceeding relating to Borrower, whether or not a claim for post-filing or post-petition
          interest is allowed in such proceeding) and all Lender Expenses.

      

      

      Parent means Ameri
          Holdings, Inc., a Delaware corporation.

      

      

      Payroll Reserve means
          a reserve to cover Borrower's payroll expenses in the initial amount of Seven Hundred Dollars ($700,000), as adjusted from time to time in the sole discretion of Lender.

      

      

      Perfection Certificate means the perfection certificate executed by Borrower prior to or concurrently herewith.

      

      

      Permitted

            Liens means (a) liens under the Loan Documents or otherwise arising in favor of
            Lender, for the benefit of itself; (b) liens imposed by law for taxes, assessments or charges of any governmental authority (i) for claims not yet due, or (ii) which are being contested in good faith by appropriate proceedings and with respect
            to which reserves or other appropriate provisions are being maintained in accordance with GAAP provided that (x) the priority of such liens are subordinate to the liens in favor of Lender securing the Collateral or (y) Borrower has obtained a
            bond securing payment of the lien; (c) statutory liens for sums not yet due of landlords and liens in respect of interests (including title) of lessors under the terms of any lease to which Borrower is a party, and of carriers, warehousemen,
            mechanics and/or materialmen for obligations not yet due; (d) liens arising out of deposits made in the ordinary course of business (including, without limitation, surety bonds and appeal bonds) in connection with workers’ compensation,
            unemployment insurance and other types of social security benefits, statutory obligations and other similar obligations, (e) purchase money liens on hereafter acquired items of Equipment to the extent the indebtedness related thereto is
            permitted by this Agreement; (f) liens necessary and desirable for the operation of such person's business, provided, that with respect to this clause (f) Lender has consented to such liens in writing and the priority of such liens are subordinate to the liens in favor of Lender on the Collateral; (g) liens with respect to judgments in
            the amount of $25,000 and below, provided that (x) the priority of such liens are subordinate to the liens in favor of Lender securing the Collateral or (y) Borrower has obtained a bond securing payment of the lien; and (h) zoning ordinances,
            easements, licenses, reservations, provisions, covenants, conditions, waivers or restrictions on the use of real property of Borrower and other title exceptions, in each case, that do not interfere in any material respect with the ordinary
            course of business of Borrower.

      

      

      Plan means any plan
          described in ERISA Section 3(2) maintained for employees of Borrower or any ERISA Affiliate, other than a Multiemployer Plan.

      

      

      Prime Rate means that
          rate designated by Wells Fargo Bank, National Association, or any successor thereof, from time to time as its prime rate, which shall not necessarily constitute its lowest available rate.

      

      

      Revolving Credit Facility
          means the revolving credit facility defined and provided for in Section 2.1.

      

      

      
        
          	
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      Supporting Obligation
          has the same meaning ascribed to such term in the Code.

      

      

      Term means the period
          from the date of the execution and delivery by Lender of this Agreement through and including the later of (a) the Termination Date and (b) the payment and performance in full of the Obligations.

      

      

      Termination Date means
          (a) January __, 2021 (the period through such date, being, the Initial Term), unless such date is extended pursuant to Section 3.1, and
          if so extended on one or more occasions, the last date of the last such extension, or (b) if earlier terminated by Lender pursuant to Section 9.1, the date of such termination, or (c) if earlier terminated by Borrower pursuant to Section 3.1, the
          date of such termination.

      

      

      1.2        Construction.  Unless the context of this Agreement clearly requires otherwise, references to the plural include the singular and to the singular include the plural.  The words hereof, herein, hereby, hereunder and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision
          of this Agreement.  Section, subsection, paragraph, clause, Exhibit or Schedule references used in this Agreement refer to the specific Section, subsection, paragraph or clause of, or Exhibit or Schedule to, this Agreement unless otherwise
          specified.  Words importing a particular gender mean and include every other gender.

      

      

      1.3        Accounting Terms.  All accounting terms not specifically defined herein shall be construed in accordance with generally accepted accounting principles (GAAP) as in effect from time to time.  When used herein, the term financial statements includes the notes and schedules thereto.

      

      

      1.4         Exhibits, Etc.  All of the Exhibits, Schedules, addenda or riders attached to this
        Agreement are deemed incorporated herein by reference.

      

      

      1.5        Code.  Any terms used in this Agreement which are defined in the Code shall be construed and defined as set forth in the Code, unless otherwise defined herein.

      

      

      1.6         Materially.  Material and materially shall mean an amount in excess of Twenty-Five Thousand Dollars ($25,000.00) to the extent it can be monetarily quantified.

      

      

      2.           ADVANCES AND
          TERMS OF PAYMENT

      

      

      2.1       Revolving Advances; Advance Limit.  Upon the request of Borrower made at any time from and after the date hereof until the Termination Date, and so long as no Event of Default has
          occurred, Lender may, in its Good Faith discretion, make Advances to Borrower under a revolving credit facility (the Revolving Credit Facility)
          in an amount up to:

      

      

      (a)        so long as Dilution is equal to or less than one
          and one-half percent (1.5%), the sum of (i) ninety percent (90%) of the aggregate outstanding amount of Eligible Accounts plus (ii) (x) eighty percent (80%) of the
          aggregate amount of the Eligible Unbilled Accounts or (y) One Million Dollars ($1,000,000), whichever is less (the sum of clauses (i) and (ii) being, the Borrowing Base);

      

      

      
        
          
            (b)          minus the Payroll Reserve;

          

        

      

      

      

      provided, however, in no event at any time shall the maximum aggregate principal amount outstanding under the Revolving Credit Facility exceed Ten Million Dollars ($10,000,000) (said dollar limit being, the Advance Limit).  Lender may create reserves including, without limitation, the Dilution Reserve (should Dilution exceed 1.5%) and the Payroll
          Reserve, against, or reduce its advance percentages based on Eligible Accounts or Eligible Unbilled Accounts without declaring an Event of Default if Lender determines, in its Good Faith discretion, that such reserves or reduction are necessary,
          without limitation, to protect Lender's interest in the Collateral and/or against diminution in the value of any Collateral and/or to insure that the prospect of payment or performance by Borrower of its Obligations to Lender are not impaired. 
          Borrower acknowledges that it has requested Lender to enter into an indemnification agreement in favor of Sterling National Bank and agrees that any sums paid by Lender to Sterling National Bank thereunder shall be deemed to be Advances under
          this Section 2.1.

      

      

      
        
          	
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      2.2       Overadvances.  All Advances shall be added to and be deemed part of the Obligations when made. 
          If, at any time and for any reason, the aggregate amount of the outstanding Advances under the Revolving Credit Facility exceeds the dollar or percentage limitations contained in Section 2.1 (any such excess being, an Overadvance), Borrower shall, upon demand by Lender, immediately pay to Lender in cash, the amount of any such Overadvance.  Without affecting Borrower's obligation to immediately repay to Lender the amount of each
          Overadvance, Borrower shall pay Lender a fee (the Overadvance Fee) in an amount to be agreed upon between Lender and Borrower, but in
          any event, not less than $500.00 per occurrence of an Overadvance, plus interest on such Overadvance amount at the Default Rate set forth below.  Further, without affecting Borrower's obligation to immediately repay to Lender the amount of each Overadvance, all Overadvances are deemed Obligations and are secured by the Collateral and guaranteed by the Guarantor under any guaranty executed in
          connection herewith.

      

      

      2.3        Authorization to Make Advances.  Lender is hereby authorized to make the Advances based upon
          telephonic or other instructions received from anyone purporting to be an Authorized Officer, or, at the Good Faith discretion of Lender, if such Advances are necessary to satisfy any Obligations.  All requests for Advances shall specify the date
          on which such Advance is to be made (which day shall be a Business Day) and the amount of such Advance.  Requests received after 12:00 p.m. Eastern time on any day shall be deemed to have been made as of the opening of business on the immediately
          following Business Day.  All Advances made under this Agreement shall be conclusively presumed to have been made to, and at the request and for the benefit of, Borrower when deposited or otherwise disbursed in accordance with the instructions of
          Borrower or in accordance with the terms and conditions of this Agreement.  Unless otherwise requested by Borrower, all Advances shall be made by a wire transfer to the Deposit Account of Borrower designated on Schedule 2.3 or to such other account as Borrower shall notify Lender in writing.  Borrower shall pay to Lender a funds transfer fee of $20.00 for each Advance, which such fee shall be
          payable on the first (1st) calendar day of each month of the Term for all Advances made during the preceding month.

      

      

      2.4         Interest.

      

      

      (a)         Except where specified to the contrary in the
          Loan Documents, interest shall accrue on the Daily Balance at the per annum rate of one and three quarters percentage points (1.75%) above the Prime Rate in effect from time to time, but not less than seven and one-quarter percent (7.25%) (the Applicable Rate).  At the option of Lender, (i) from and after the occurrence of an Event of Default, and without constituting a waiver of
          any such Event of Default, and (ii) if the Obligations are not paid in full by the Termination Date, and without waiving the maturity of the Obligations on the Termination Date, the Obligations shall bear interest at the per annum rate of six
          percentage points (6%) above the Applicable Rate (the Default Rate).  All interest payable under the Loan Documents shall be computed on
          the basis of a three hundred sixty (360) day year for the actual number of days elapsed on the Daily Balance.  Interest as provided for herein shall continue to accrue until the Obligations are indefeasibly paid in full.

      

      

      (b)        The interest rate payable by Borrower under the
          terms of this Agreement shall be adjusted in accordance with any change in the Prime Rate, from time to time, on the date of any such change.  All interest payable by Borrower shall be due and payable on the first (1st) day of each calendar month
          during the Term.  Lender may, at its option, add such interest, fees (including, without limitation, the Servicing Fee under Section 2.8) and charges payable by Borrower under the Loan Documents and all Lender Expenses to the Obligations, and the
          Obligations (as so increased by the amount of such interest, fees, charges and Lender Expenses), shall thereafter accrue interest at the rate then applicable under this Agreement.  Notwithstanding anything to the contrary contained in the Loan
          Documents, the minimum monthly interest payable by Borrower on the Advances in any month shall be calculated based on an average Daily Balance of Two Million Dollars ($2,000,000) for such month.

      

      

      (c)          In no event shall interest on the Obligations exceed
          the highest lawful rate in effect from time to time.  It is not the intention of the parties hereto to make an agreement which violates any applicable state or federal usury laws.  In no event shall Borrower pay, nor shall Lender accept or
          charge, any interest which, together with any other charges on the principal or any portion thereof, exceeds the maximum lawful rate of interest allowable under any applicable state or federal usury laws.  Should any provision of this Agreement
          or any existing or future Notes or Loan Documents between the parties be construed to require the payment of interest or any other fees or charges that could be construed as interest, which, with any other charges upon the principal or any
          portion thereof and any other fees or charges that could be construed as interest, exceed the maximum lawful rate of interest, then any such excess shall be applied to the remaining principal balance of the Obligations, if any, and any remainder
          shall be refunded to Borrower.

       

        

      
        
          	
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      (d)          Notwithstanding any of the foregoing in this Section
          2.4, for purposes of this Agreement, it is the intention of Borrower and Lender that interest shall mean, and be limited to, any payment
          to Lender which compensates Lender for (i) the extension of credit to Borrower and the availability to Borrower of the Revolving Credit Facility and (ii) any default or breach by Borrower of a condition upon which such credit was extended and
          such Revolving Credit Facility was made available.  Borrower and Lender agree that for the sole purpose of calculating the interest paid
          by Borrower to Lender, it is the intention of Borrower and Lender that interest shall mean and include, and be expressly limited to, any
          interest accrued on the aggregate outstanding Daily Balance of the Obligations during the term hereof pursuant to subsections 2.4(a) and 2.4(b), any Overadvance Fee, Facility Fee (as defined below) and late fees charged to Borrower during the
          term hereof.  Borrower and Lender further agree that it is their intention that the following fees shall not constitute interest:  any Servicing Fees (as defined below), any Field Examination Fees (as defined below), any attorney fees incurred by Lender, any premiums or commissions attributable to
          insurance guaranteeing repayment, finders' fees, credit report fees, appraisal fees or fees for document preparation or notarization.  To the extent however that New Jersey law excludes from the calculation of interest any fees defined herein as interest or includes as interest any fees or other sums which are intended not to constitute interest, New Jersey law shall
          supersede and prevail, and all such interest shall be subject to subsection 2.4(c) above.

      

      

      2.5        Collection of Accounts.  Lender or Lender's designee may at any time during the existence of an Event of Default, with or without notice to Borrower, (a) notify customers, Account
          debtors or other obligors of Borrower that the Accounts and other Collateral have been assigned to Lender and that Lender has a security interest therein and (b) collect the Accounts and other Collateral directly and add the collection costs and
          expenses thereof to the Obligations; provided, however, unless and until Lender takes such
          action or gives Borrower other written instructions, Borrower shall notify all Account debtors and other obligors of Borrower to remit payments on the Accounts and other Collateral to a lockbox to be designated by Lender, or in the case of
          payments to be made by wire transfer, ACH or other electronic means, to an account designated by Lender over which Lender shall have control.  Notwithstanding the foregoing, as to any Account debtor that has Concentration Percentage of more than
          twenty percent (20%) (or 25% aggregated across all Borrower entities) as contemplated by the definition of Eligible Accounts, and if the Concentration Percentage of any Account debtor exceeds twenty percent (20%) (or 25% aggregated across all
          Borrower entities), said Account debtor may be notified of Lender's security interest in Accounts prior to the existence of an Event of Default.  All such payments remitted to the lockbox or made by wire transfer, ACH or other electronic means to
          the account designated by Lender shall then be credited to a deposit account of Lender into which remittances from Account debtors and other obligors of Borrower and obligors of other customers of Lender may be credited.  If, notwithstanding any
          notices that may be sent to Account debtors or other obligors of Borrower, Borrower obtains payment on any Account or other Collateral, including, without limitation, collections under credit card sales, Borrower shall receive any and all such
          payments on Accounts and other Collateral and other proceeds (including cash) in trust for Lender and shall immediately deliver said payments to Lender in the original form as received, together with any necessary endorsements thereof, and/or at
          the discretion of Lender, shall deposit said payments into a deposit account designated by, and in the name of and under the exclusive control of, Lender.

      

      

      2.6       Crediting Payments.  The receipt of any item of payment by Lender for the sole purpose of determining availability under the Revolving Credit Facility, subject to final payment of such item, shall be provisionally applied to reduce the Obligations on the date of receipt of such item of payment by Lender; provided however, the receipt of such item of payment by Lender for determining the Daily Balance and for all other
          purposes hereunder, including, without limitation, the calculation of interest on the Obligations and the calculation of the Servicing Fee, shall not be deemed to have
          been paid to Lender until two (2) Business Days after the date of Lender's actual receipt of such item of payment.  Notwithstanding anything to the contrary contained herein, payments received by Lender after 12:00 noon Eastern time shall be
          deemed to have been received by Lender as of the opening of business on the immediately following Business Day.

      

      

      
        
          	
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      2.7        Facility Fee.  In consideration of Lender's entering into this Agreement, Borrower shall pay to Lender an annual facility fee (the Facility Fee) as follows:

      

      

      (a)         (i)         For the first (1st) contract (loan) year of the Initial Term, Borrower shall pay to Lender a Facility Fee equal to Fifty Thousand Dollars ($50,000). 
          One twelfth (1/12) of such Facility Fee shall be paid simultaneously with the execution of this Agreement, and the remaining amount shall be paid in installments of like amount on the first (1st) day of each month thereafter until paid in full.

      

      

      (ii)        In addition, if the amount owed under the
          Revolving Credit Facility during the first (1st) contract (loan) year of the Initial Term (A) exceeds Five Million Dollars ($5,000,000), but is equal to or less than Six Million Dollars ($6,000,000), an
          additional one-time  Facility Fee of Ten Thousand Dollars ($10,000) will be charged at the initial occurrence thereof, (B) exceeds Six Million Dollars ($6,000,000), but is less than or equal to Seven Million Dollars ($7,000,000), an additional
          one-time Facility Fee of Ten Thousand Dollars ($10,000) will be charged at the initial occurrence thereof, (C) exceeds Seven Million Dollars ($7,000,000), but is less than or equal to Eight Million Dollars ($8,000,000), an additional one-time
          Facility Fee of Ten Thousand Dollars ($10,000) will be charged at the initial occurrence thereof, (D) exceeds Eight Million Dollars ($8,000,000), but is less than Nine Million Dollars ($9,000,000), an additional one-time Facility Fee of Ten
          Thousand Dollars ($10,000) will be charged at the initial occurrence thereof, or (E) exceeds Nine Million Dollars ($9,000,000), but is less than or equal to the Advance Limit (that is, Ten Million Dollars ($10,000,000)), an additional one-time
          Facility Fee of Ten Thousand Dollars ($10,000) will be charged at the initial occurrence thereof (each such $1,000,000 increment in clauses (A), (B), (C), (D) and (E) above, being hereinafter referred to as an Increment).  The highest Daily Balance of the Revolving Credit Facility during the first

            (1st) contract (loan) year
          of the Initial Term (rounded upward to the next $1,000,000, unless such amount is a multiple of $1,000,000, in which case, such amount need not be rounded upward), but in no event less than Five Million Dollars ($5,000,000), shall hereinafter be
          referred to as the First Year Benchmark Advance Amount.

      

      

      (b)         (i)         For the second (2nd) contract (loan) year of the Initial Term, Borrower shall pay to Lender a Facility Fee equal to one percent (1%) of the sum of (A)
          the First Year Benchmark Advance Amount plus (B) any Advances other than under the Revolving Credit Facility.  One twelfth (1/12) of such Facility Fee shall be paid on
          January 1, 2020, and the remaining amount shall be paid in installments of like amount on the first (1st) day of each month thereafter until paid in full.

      

      

      (ii)       In addition, Borrower shall pay to Lender an
          additional one-time Facility Fee of Ten Thousand Dollars ($10,000) at each initial occurrence that the amount owed under the Revolving Credit Facility during the second

            (2nd) contract (loan) year
          of the Initial Term exceeds the First Year Benchmark Advance by each applicable Increment.  The highest Daily Balance of the Revolving Credit Facility during the second

            (2nd) contract (loan) year
          of the Initial Term (rounded upward to the next $1,000,000 unless such amount is a multiple of $1,000,000 in which case, such amount need not be rounded upward), but in no event less than the First Year Benchmark Amount, shall hereinafter be
          referred to as the Second Year Benchmark Advance Amount.

      

      

      The Facility Fee for the entire Initial Term is deemed to be fully earned upon the execution of this Agreement.  The unpaid balance of the Facility Fee
          for the entire Initial Term shall be payable in full on the earlier of (a) termination of this Agreement and (b) at Lender's option, upon Lender's declaration of an Event of Default.

      

      

      2.8         Servicing Fee.  In consideration of Lender's services for the preceding calendar month,
        Borrower shall pay to Lender a monthly fee (the Servicing Fee) in an amount equal to one-eighth percent (.125%) of the average Daily Balance during each month on or before the first (1st)
        day of each calendar month during the Term, including each Renewal Term (as defined below), or so long as the Obligations are outstanding.  Notwithstanding anything to the contrary contained in the Loan Documents, the Servicing Fee shall be based
        on a minimum daily average outstanding balance of Advances of Two Million Dollars ($2,000,000).

      

      

      
        
          	
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      2.9       Field Examination Fee.  Borrower shall pay Lender a fee (the Field Examination Fee) in an amount equal to Nine Hundred Ninety-Five Dollars ($995) per day, per examiner plus out-of-pocket expenses for each examination of Borrower's Books or the other Collateral performed by Lender or its designee, provided that so long as no Event of Default exists, Borrower has not made a request for Advances beyond the lending parameters set forth in Section 2.1 or any
          other request outside of the ordinary course of business, and Borrower has provided or shall provide Lender with any and all of Borrower's Books, or other documentation requested or deemed necessary by Lender to complete the field examination
          within the allotted timeframe, Borrower shall not be obligated to pay for more than twelve (12) examiner days (that is, $11,940 plus out-of-pocket expenses) of such field examinations during each contract (loan) year of the Term.

      

      

      2.10      Late Reporting Fee.  Borrower shall pay to Lender a fee in an amount equal to Fifty Dollars ($50.00) per document, per day for each Business Day any report, financial statement or
          schedule required by this Agreement to be delivered to Lender is past due by more than two (2) Business Days after Lender's delivery to Borrower of a written demand therefor.

      

      

      2.11       StuckyNet-Link Fee.  Borrower shall pay to Lender a fee in an amount equal to One Hundred Dollars ($100.00) per month in connection with the StuckyNet-Link software program for
          collateral reporting.

      

      

      2.12       Monthly Statements.  Lender may render monthly statements to Borrower of all Obligations, including statements of all principal, interest and Lender Expenses, and Borrower shall have
          fully and irrevocably waived all objections to such statements and the contents thereof absent manifest error unless, within thirty (30) days after receipt, Borrower shall deliver to Lender, by registered, certified or overnight mail as set forth
          in Section 12, a written objection to such statement, specifying the error or errors, if any, contained therein.

      

      

      3.            TERM

      

      

      3.1         Term and Renewal Date.  This Agreement shall become effective upon execution by Lender
        and, provided that Borrower shall not have exercised its termination right as hereinafter provided, shall continue in full force and effect through the Initial Term, and from year to year thereafter (each a Renewal Term), if Lender, at its option,
        in writing agrees to extend the Term for a period of one (1) year from the then Termination Date.  Borrower may terminate the Term at any time by giving Lender at least sixty (60) days' prior written notice by registered or certified mail, return
        receipt requested.  In addition, Lender shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default.  No such termination by either Borrower or Lender shall relieve or discharge Borrower of
        its duties, Obligations and covenants hereunder until all Obligations have been indefeasibly paid and performed in full, and Lender's continuing security interest in the Collateral shall remain in effect until the Obligations have been indefeasibly
        fully and irrevocably paid and satisfied in cash or cash equivalent.  On the Termination Date, the Obligations shall be immediately due and payable in full.

      

      

      3.2         Termination Fee.  If the Term is terminated by Lender upon the occurrence of an Event of
        Default, or if the Term is terminated by Borrower by Borrower's providing Lender with the proper notice in accordance with Section 3.1 on any date other than one of the last ten (10) Business Days prior to the then current Termination Date, then in
        view of the impracticability and extreme difficulty of ascertaining actual damages, and by mutual agreement of the parties as to a reasonable calculation of Lender's lost profits, as a result thereof, in addition to payment of all principal,
        interest, fees, expenses and other Obligations, Borrower shall pay Lender upon the effective date of such termination a fee in an amount equal to:  (a) two percent (2%) of the First Year Benchmark Advance Amount plus any Advances by Lender to or on
        behalf of Borrower other than under the Revolving Credit Facility, if such termination occurs on or prior to the first (1st) anniversary of the commencement date of the Initial Term; or (b) one percent (1%) of the Second Year Benchmark Advance
        Amount plus any Advances by Lender to or on behalf of Borrower other than under the Revolving Credit Facility, if such termination occurs after the first (1st) anniversary of the commencement date of the Initial Term and on or prior to the then
        Termination Date.  Such fee shall be presumed to be the amount of damages sustained by Lender as the result of termination, and Borrower acknowledges that such fee is reasonable under the circumstances currently existing.  The fee provided for in
        this Section 3.2 shall be deemed included in the Obligations.

      

      

      
        
          	
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      4.           CREATION OF
          CONTINUING SECURITY INTEREST

      

      

      4.1         Grant of Continuing Security Interest.  Borrower hereby grants to Lender a continuing security interest in the Collateral in order to secure the prompt repayment of the Obligations and
          the prompt performance by Borrower of each and all of its covenants and Obligations under the Loan Documents and otherwise.  Lender's continuing security interest in the Collateral shall attach to all Collateral without further act on the part of
          Lender or Borrower.

      

      

      4.2       Negotiable Collateral.  In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower shall notify Lender and, upon the request
          of Lender, shall immediately endorse and assign such Negotiable Collateral to Lender and deliver physical possession of such Negotiable Collateral to Lender.

      

      

      4.3        Delivery of Additional Documentation Required.  Concurrently with Borrower's execution and delivery of this Agreement and at any time thereafter at the request of Lender, Borrower
          shall execute and deliver to Lender all security agreements, chattel mortgages, pledges, assignments, endorsements of certificates of title, applications for
          title, affidavits, reports, notices, schedules of accounts, letters of authority and all other documents that Lender may in Good Faith request, in form satisfactory to Lender, to perfect and maintain perfected Lender's continuing security
          interests in the Collateral and to fully consummate all of the transactions contemplated under the Loan Documents.  Borrower hereby (a) authorizes Lender to file and/or record such financing statements and other documents as Lender deems
          necessary or desirable to perfect and maintain Lender's continuing security interest in the Collateral, (b) agrees any such financing statement may contain an "all asset" or "all property" description of the Collateral and (c) hereby ratifies any
          such financing statement or other document heretofore filed by Lender.

      

      

      4.4         Power of Attorney.  Borrower hereby irrevocably makes, constitutes and appoints Lender (and any person designated by Lender) as Borrower's true and lawful attorney-in-fact with power
          to sign the name of Borrower on any of the above described documents or on any other similar documents to be executed, recorded or filed in order to perfect or continue perfected Lender's continuing security interest in the Collateral.  In
          addition, Borrower hereby appoints Lender (and any person designated by Lender) as Borrower's attorney-in-fact with power to:  (a) sign Borrower's name on verifications of Accounts and other Collateral and on notices to Account debtors; (b) send
          requests for verification of Accounts and other Collateral; (c) endorse Borrower's name on any checks, notes, acceptances, money orders, drafts or other forms of payment or security that may come into Lender's possession; (d) during the existence
          of an Event of Default, notify the post office authorities to change the address for delivery of Borrower's mail to an address designated by Lender, to receive and open all mail addressed to Borrower, and to retain all mail relating to the
          Collateral and forward all other mail to Borrower; and (e) during the existence of an Event of Default, make, settle and adjust all claims under Borrower's policies of insurance, endorse the name of Borrower on any check, draft, instrument or
          other item of payment for the proceeds of such policies of insurance and make all determinations and decisions with respect to such policies of insurance.  The appointment of Lender as Borrower's attorney-in-fact and each and every one of
          Lender's rights and powers, being coupled with an interest, is irrevocable so long as any Accounts in which Lender has a continuing security interest remain unpaid and until all of the Obligations have been fully, indefeasibly repaid and
          performed.

      

      

      4.5        Right To Inspect.  Lender shall have the right, after using its best efforts to give Borrower twenty-four (24) hours' notice (so long as no Event of Default shall exist and Borrower
          has not made a request for Advances beyond the lending parameters set forth in Section 2.1, or other requests outside of the ordinary course of business, otherwise no advance notice need be given), at any time or times hereafter during Borrower's
          usual business hours, or during the usual business hours of any third party having control over Borrower's Books, to inspect Borrower's Books in order to verify the amount or condition of, or any other matter relating to, the Collateral or
          Borrower's financial condition.  Lender also shall have the right, after using its best efforts to give Borrower twenty-four (24) hours' notice (so long as no Event of Default shall exist and Borrower has not made a request for Advances beyond
          the lending parameters set forth in Section 2.1, or other requests outside of the ordinary course of business, otherwise no advance notice need be given), at any time or times hereafter during Borrower's usual business hours, to inspect, examine
          and appraise the Equipment and other Collateral and to check and test the same as to quality, quantity, value and condition.

      

      

      
        
          	
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      5.           REPRESENTATIONS
          AND WARRANTIES AND COVENANTS

      

      

      Borrower represents and warrants to Lender, and covenants and acknowledges, the following:

      

      

      5.1       No Prior Encumbrances; Security Interests. Borrower has good and marketable title to the Collateral, free and clear of liens, claims, security interests or encumbrances, except for the
          security interests to be satisfied from the proceeds of the first Advances hereunder, the continuing security interests granted to Lender by Borrower, Permitted Liens and those disclosed on Schedule 5.1.  Other than those liens, claims, security interests or encumbrances expressly permitted by this Agreement, Borrower will not create, suffer or permit to be created any security interest, lien,
          pledge, mortgage or encumbrance on any Collateral or any of its other assets.

      

      

      5.2         Bona Fide Accounts.   All Accounts represent bona fide services for which Borrower has an unconditional right to payment and  the services have been rendered, as applicable.  None of
          the Accounts is subject to any right of offset, counterclaim or cancellation.  All Accounts reported to Lender as Eligible Accounts or Eligible Unbilled Accounts conform to the requirements of Eligible Accounts or Eligible Unbilled Accounts, as
          the case may be.

      

      

      5.3         [Reserved].

      

      

      5.4        Location of Equipment.  Except as set forth in the Perfection Certificate, the Equipment is not now, and shall not at any time or times hereafter be, stored with a bailee,
          warehouseman, processor or similar third party.  Borrower shall keep the Equipment only at its address set forth on the first page hereof and at the locations set forth in the Perfection Certificate.  If any of the Equipment is located at a
          premises not owned by Borrower, Borrower shall use its best efforts to cause the landlord of such premises, or other third party having an interest in said premises, to execute and deliver to Lender a landlord waiver and subordination, or similar
          agreement, reasonably satisfactory in form and substance to Lender, provided that, Lender shall execute a landlord waiver and subordination, or similar agreement, reasonably satisfactory in form and substance to Lender for any Equipment located
          at 5000 Research Court, Suite 750, Suwanee, Georgia  30024.

      

      

      5.5         [Reserved].

      

      

      5.6         Retail Accounts.  No Accounts arise from the sale of goods or rendition of services for
        personal, family or household purposes.

      

      

      5.7        Relocation of Chief Executive Office.  The chief executive office of Borrower and the location of all books and records of Borrower relating to the Collateral is at the address
          indicated on the first page of this Agreement, and Borrower will not, without thirty (30) days' prior written notice to Lender and compliance with Section 4.3, relocate such office.

      

      

      5.8         Due Incorporation/Organization/Formation and Qualification.  Borrower is, and shall at
        all times hereafter, be a corporation or limited liability company, as the case may be, duly incorporated/organized/formed and existing under the laws of the state of its incorporation/organization/formation as set forth on the first page hereof,
        and Borrower is, and shall at all times hereafter be, qualified and licensed to do business and is in good standing in any state in which the conduct of its business or its ownership of assets requires that it be so qualified, except where the
        failure to do so would not result in a material adverse change.

      

      

      5.9      Actual and Fictitious Name.  Borrower's exact name is set forth on the first page hereof, and except as set forth in the Perfection Certificate, Borrower has not changed its name
          within the last five (5) years.  Borrower is conducting its business under the trade or fictitious name(s) set forth in the Perfection Certificate, and no others.  Borrower has complied with the fictitious name laws of all jurisdictions in which
          compliance is required in connection with its use of such name(s).

      

      

      5.10      Permits and Licenses.  Borrower holds all material licenses, permits, franchises, approvals and consents required for the conduct of its business and the ownership and operation of its
          assets including, without limitation, a SAP certification.

      

      

      
        
          	
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      5.11       Due Authorization; Enforceability.  Borrower has the right and power and is duly
        authorized to enter into the Loan Documents to which it is a party; all necessary action to authorize the execution and delivery of the Loan Documents has been properly taken; and Borrower is and will continue to be duly authorized to borrow under
        this Agreement and to perform all of the other terms and provisions of the Loan Documents throughout the Term.  The Loan Documents, when executed and delivered by Borrower, will constitute the legal, valid and binding obligations of Borrower
        enforceable in accordance with their terms.

      

      

      5.12       Compliance with Organizational Documents, Etc.  The execution and delivery by Borrower of
        the Loan Documents to which it is a party and the performance of the terms thereof do not constitute a breach of any provision contained in Borrower's Certificate/Articles of Incorporation/Organization or Formation or its Bylaws or operating
        agreement, as the case may be,  nor does the execution and delivery by Borrower of the Loan Documents to which it is a party or the performance of the terms thereof constitute an event of default under any material agreement to which Borrower is
        now or may hereafter become a party.

      

      

      5.13       Litigation.  Except as set forth in Schedule 5.13, as of the date hereof or which Borrower
          notifies Lender as per the last sentence of this Section 5.13, there are no actions, proceedings or claims pending by or against Borrower, whether or not before any court or administrative agency, and Borrower has no knowledge or notice of any
          pending, threatened or imminent litigation, governmental investigations, or claims, complaints, actions, or prosecutions involving Borrower, except for ongoing collection matters in which Borrower is the plaintiff.  If any such actions,
          proceedings or claims arise during the Term, Borrower shall promptly notify Lender in writing and shall, from time to time, notify Lender of all material events relating thereto.

      

      

      5.14      Accuracy of Information and No Material Adverse Change in Financial Statements.  All information furnished by Borrower to Lender, and all statements made by Borrower to Lender,
          including, without limitation, information set forth in any loan application, client profile and in the Perfection Certificate (excluding in each case, however, any projections, pro forma financial information and information of a general
          economic or industry nature provided by Borrower to Lender) are true, accurate and complete in all material respects and do not contain any misstatement of fact or omit to state any facts necessary to make the statements or information contained
          therein not misleading.  All financial statements relating to Borrower which have been or may hereafter be delivered to Lender:  (a) have been prepared in
          accordance with GAAP; (b) fairly present in all material respects Borrower's financial condition as of the date thereof and Borrower's results of operations for the period then ended; and (c) disclose all material contingent obligations of
          Borrower (taken as a whole).  No material adverse change in the financial condition of Borrower has occurred since the date of the most recent of such financial statements.  Any projections, budgets and forward looking information and pro forma
          financial information contained in such materials are based upon good faith estimates and assumptions believed by Borrower to be reasonable at the time made, it being recognized by Lender that such projections as to future events are not to be
          viewed as facts and that actual results during the period or periods covered by any such projections may differ from the projected results.

      

      

      5.15      Solvency. Borrower is now, and shall be at all times throughout the Term, solvent and able to pay its debts (including trade debts) as they mature.

      

      

      5.16       ERISA.  Neither Borrower or any ERISA Affiliate, nor any Plan is or has been in violation of any of the provisions of ERISA, any of the qualification requirements of IRC Section 401(a)
          or any of the published interpretations thereof.  No lien upon the assets of Borrower has arisen with respect to any Plan.  No prohibited
            transaction within the meaning of ERISA Section 406 or IRC Section 4975(c) has occurred with respect to any Plan.  No reportable
            event as defined under Section 4043 has occurred with respect to any Plan which would cause the Pension Benefit Guaranty Corporation to institute proceedings under Section 4042 of ERISA.  Neither Borrower nor any ERISA Affiliate has
          incurred any withdrawal liability with respect to any Multiemployer Plan.  Borrower and each ERISA Affiliate have made all contributions required to be made by them to any Plan or Multiemployer Plan when due.  There is no accumulated funding
          deficiency in any Plan, whether or not waived.

       

        

      
        
          	
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      5.17      Environmental Laws and Hazardous Materials.  Borrower has complied, and at all times through the Term will comply, in all material respects, with all Environmental Laws (as defined
          below).  Borrower has not and will not cause or permit any Hazardous Materials (as defined below) to be located, incorporated, generated, stored, manufactured, transported to or from, released, disposed of, or used at, upon, under, or within any
          premises at which Borrower conducts its business, or in connection with Borrower's business.  To the best of Borrower's knowledge, no prior owner, occupant or operator of any premises at which Borrower conducts its business has caused or
          permitted any of the above to occur at, upon, under, or within any of the premises.  Borrower will not permit any lien to be filed against the Collateral or any part thereof under any Environmental Law, and will promptly notify Lender of any
          proceeding, inquiry or claim relating to any alleged violation of any Environmental Law, or any alleged loss, damage or injury resulting from any Hazardous Material.  Lender shall have the right to join and participate in, as a party if it so
          elects, any legal or administrative proceeding initiated with respect to any Hazardous Material or in connection with any Environmental Law.  For purposes hereof, Hazardous Material includes without limitation any substance, material, emission, or waste which is or hereafter becomes regulated or classified as a hazardous substance, hazardous material, toxic substance or solid
          waste under any Environmental Law, asbestos, petroleum products, urea formaldehyde, polychlorinated biphenyls (PCBs), radon, and any other hazardous or toxic substance, material, emission or waste, and substances containing excessive moisture,
          mildew, mold, microbial contamination, microbial growth or other fungi, or biological agents that can or are known to produce mycotoxins or other bioaerosols, such as antigens, bacteria, amoebae and microbial organic compounds or other similar
          matter, in each case that poses a risk to human health or the environment.  Environmental Laws means the Comprehensive Environmental
          Response, Compensation and Liability Act of 1980, as amended, the Resource Conservation and Recovery Act of 1976, the Hazardous Materials Transportation Act, the Toxic Substances Control Act, the Clean Water Act and the regulations pertaining to
          such statutes, and any other safety, health or environmental statutes, laws, regulations or ordinances of the United States or of any state, county or municipality in which Borrower conducts its business or the Collateral is located, and the
          rules, resolutions, directives, orders, executive orders, consent orders, guidance from regulatory agencies, policy statements, judicial decrees, standards, permits, licenses and ordinances or any judicial or administrative interpretation of any
          of the foregoing, pertaining to the protection of land, water, air, health, safety or the environment, whether now or in the future enacted, promulgated or issued.

      

      

      5.18      Tax Compliance.  Borrower has filed all tax returns required to be filed by it and has paid all taxes due and payable on said returns and on any assessment made against it or its
          assets.

      

      

      5.19       Reliance by Lender; Cumulative.  Each warranty, representation and agreement contained in this Agreement shall be automatically deemed repeated by Borrower with each request for an
          Advance and shall be conclusively presumed to have been relied on by Lender regardless of any investigation made or information possessed by Lender.  The warranties, representations and agreements set forth herein shall be cumulative and in
          addition to any and all other warranties, representations and agreements which Borrower shall now or hereafter give, or cause to be given, to Lender.

      

      

      5.20      Use of Proceeds.  The proceeds of the initial Advance will be used by Borrower for the purposes set forth on Schedule 5.20.  Absent Lender's written consent to the contrary, the proceeds of Advances after the initial Advance will be used by Borrower solely for working capital
          purposes.

      

      

      5.21       Motor Vehicles and Intellectual Property.  The Perfection Certificate identifies all motor
        vehicles, patents, patent applications, copyrights, trademarks, trade-names and other registered intellectual property owned by Borrower as of the date hereof.  Borrower will promptly notify Lender of all motor vehicles or intellectual property
        hereafter owned by Borrower, and the status of all patent and trademark applications and the issuance of patents and trademarks, and all copyrights registrations, and in accordance with Section 4.3, will cooperate with Lender in taking all actions
        required by Lender to have a perfected security interest or lien on such motor vehicles and intellectual property.

      

      

      5.22     Commercial Tort Claims.  Borrower does not, as of the date hereof, have any Commercial Tort Claims against any third parties.  If Borrower does hereafter have any such Commercial Tort
          Claims, Borrower shall furnish Lender with prompt written notice thereof, and in accordance with Article 4 hereof, shall execute and deliver such supplemental documents and cooperate with Lender in taking all action as required by Lender to have
          a perfected security interest or lien on such Commercial Tort Claims.

      

      

      
        
          	
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      6.           AFFIRMATIVE
          COVENANTS

      

      

      Borrower covenants and acknowledges that throughout the Term, Borrower shall comply with all of the following:

      

      

      6.1         Collateral and Other Reports.  Borrower shall at least once every week and each time it
          requests an Advance under the Revolving Credit Facility utilize Lender's StuckyNet-Link software for collateral reporting and shall furnish to Lender a borrowing base report
          and loan request, satisfactory in form and substance to Lender, report to Lender all sales and Accounts arising since its most recent report to Lender and shall execute and deliver to Lender, no later than the fifteenth (15th) day of each month
          during the Term, a detailed aging of the Accounts (both billed and unbilled; provided that Borrower shall have three (3) weeks from the date hereof to generate an unbilled aging report), a reconciliation statement and a summary aging, by vendor,
          of all accounts payable of Borrower and any book overdraft.  Borrower and Lender agree that each authorized signer's (on behalf of Borrower) signature on borrowing base reports may be provided via an electronic signature (that is, by each
          authorized signer's password for such program).  Borrower shall provide Lender a listing of each authorized signer.  Borrower shall deliver to Lender, as Lender may from time to time require, collection reports, sales journals, invoices, copies
          of or original delivery receipts, customers' purchase orders, shipping instructions, bills of lading and other documentation respecting shipment arrangements and such other matters requested by Lender.  Absent such a request by Lender, copies of
          all such documentation shall be held by Borrower as custodian for Lender.  Borrower shall at all times provide Lender with all current "passwords" or similar access requirements relative to all computer systems available to Borrower with its
          Account debtors so as to enable Lender to have access to said computer systems so as to verify the status of Accounts owing to Borrower from said Account debtors.

      

      

      6.2        Allowances.  Allowances, if any, as between Borrower and any Account debtors, shall be permitted on the same basis and in accordance with the usual customary practices of Borrower as
          they exist as of the date hereof.  Borrower shall promptly notify Lender of all disputes and claims.

      

      

      6.3         [Reserved].

      

      

      6.4       Financial Statements, Reports, Certificates.  Borrower shall deliver to Lender:  (a) as soon as
          available, but in any event within thirty (30) days after the end of each month during the Term, a balance sheet and profit and loss statement prepared by Borrower covering Borrower's operations during such period; and (b) as soon as available,
          but in any event within ninety (90) days after the end of each fiscal year of Parent, consolidated financial statements of Parent, Borrower and other subsidiaries, for each such period, audited by independent certified public accountants
          acceptable to Lender.  Such consolidated financial statements shall include a balance sheet and profit and loss statement and statements of cash flows, if available, and the accountants' management letter, if any, and shall be prepared in
          accordance with GAAP.  To extent the financial statements of Borrower are prepared on a consolidated basis, such financial statements shall include consolidating/combining schedules, as applicable.  Together with the above (that is, the delivery
          of the financial statements in (a) and (b)), Borrower shall also deliver Borrower's Form 10-Qs, 10-Ks or 8-Ks, if any, as soon as the same become available, and any other report reasonably requested by Lender relating to the Collateral and the
          financial condition of Borrower, together with a certificate, substantially in the form of Exhibit 6.4, signed by Borrower's chief financial officer to the
          effect that (a) all reports, statements or computer prepared information of any kind or nature delivered or caused to be delivered to Lender under this Section 6.4 fairly present in all material respects Borrower's financial condition, (b) there
          exists on the date of delivery of such certificate to Lender no Event of Default, and (c) certifying as to compliance with Section 7.10.

      

      

      6.5         Tax Returns, Receipts.  Borrower shall deliver to Lender copies of Parent's federal
        income tax returns (including all schedules thereto), and any amendments thereto, within thirty (30) days of the filing thereof.  Borrower further shall promptly deliver to Lender, upon request, satisfactory evidence of Borrower's payment of all
        withholding and other taxes required to be paid by Borrower.

      

      

      6.6         [Reserved].

      

      

      6.7        Title to Equipment.  Upon Lender's request, Borrower shall promptly deliver to Lender any and all certificates of title to any items of Equipment, properly endorsed to Lender, as
          applicable.

      

      

      
        
          	
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      6.8       Maintenance of Equipment.  Borrower shall keep and maintain the Equipment in good operating condition and repair (ordinary wear and tear excepted), and shall make all necessary replacements thereto so that the value and operating efficiency of
          its Equipment shall at all times be maintained and preserved.  Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property.  Except as otherwise permitted to be disposed of in accordance
          with Section 7.1, the Equipment is now and shall at all times remain Borrower's personal property.

      

      

      6.9        Taxes.  All federal, state and local assessments and taxes, whether real, personal or otherwise, due or payable by, or imposed, levied or assessed against Borrower or any of its assets
          or in connection with Borrower's business shall hereafter be paid in full, before the same become delinquent or before the expiration of any extension period unless being contest in good faith and by appropriate proceedings and as to which
          Borrower has established adequate reserves for the payment thereof.  During any such contests no lien for said taxes shall exist which would have priority over the lien of Lender on the assets of Borrower, or if any such priority lien exists, the
          amount owing covered by said lien shall be reserved against the amount otherwise available for Advances under the Revolving Credit Facility.  Borrower shall make due and timely payment or deposit of all federal, state and local taxes, assessments
          or contributions required of it by law, and will execute and deliver to Lender, on demand, appropriate certificates attesting to the payment or deposit thereof.

      

      

      6.10      Insurance.  Borrower, at its expense, shall keep and maintain insurance to protect the Collateral against all risk of loss covered under a Special property form.  If any of the tangible Collateral is located in a flood zone, Borrower must also have flood insurance.  Borrower with Collateral in California must
          also insure against the peril of earthquakes.  The coverage shall be written on a replacement cost basis.  The property limit(s) shall be no less than those necessary to satisfy the coinsurance requirement contained in the insurance policy. 
          Borrower, at its expense, shall keep and maintain Business Income Coverage.  Business Income Coverage shall insure against loss covered under a Special policy form.  The limit must contemplate a benefit period of no less than twelve (12) months
          and meet the minimum limit needed to satisfy the coinsurance requirement contained in the policy.  Business Income coverage can be written on an agreed amount basis, or with a coinsurance percentage from 80% to 100%.  All policies of insurance
          covering business personal property and business income shall contain a Lender's Loss Payable endorsement in a form satisfactory to Lender.  All policies insuring real property on which Lender has a mortgage or other lien shall contain a
          Mortgagee endorsement in form satisfactory to Lender.  Either or both form(s) shall contain a waiver of warranties.  All proceeds payable under such policies shall be payable to Lender and applied to the Obligations.  Borrower shall cause to be
          delivered to Lender a properly executed Evidence of Property Insurance form along with a copy of the Lender's Loss Payable and/or Mortgagee endorsement(s) as applicable, in advance of the closing date for the credit facilities hereunder and
          thereafter at least thirty (30) days prior to the expiration date(s) of the policy(ies).   All Mortgagee and Lender's Loss Payable endorsements shall contain the following address for notification purposes, or such other address as Lender may,
          from time to time, notify Borrower:

      

      

      North Mill Capital LLC

      821 Alexander Road, Suite 130

      Princeton, New Jersey  08540

      Attention:  Larry Kamin, Senior Vice President

      

      

      Borrower, at its expense, shall keep and maintain Commercial General Liability Coverage insuring against all risks relating to or
          arising from Borrower's ownership and use of the Collateral and its other assets, products and operations.  Lender and its directors, officers and employees shall be named as additional insureds for Commercial General Liability on Borrower's
          policy.  Borrower shall cause to be delivered to Lender a properly executed Certificate of Insurance, containing the required additional insured wording, before the closing date for the credit facilities hereunder and thereafter at least thirty
          (30) days prior the expiration date of the policy.  Along with the Certificate of Insurance, Borrower shall also deliver a copy of the General Liability endorsement whereby Lender and its directors, officers and employees are added to the policy
          as additional insureds.

      

      

      
        
          	
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      All required policies shall be in such form, with such companies and in such amounts as may be satisfactory to Lender.  All policies
          shall contain a thirty (30) day notice for cancellation or non-renewal.  Lender reserves the right to change insurance specifications at any time.

      

      

      6.11       Lender Expenses.  Borrower shall immediately, and without demand, reimburse Lender for all
        Lender Expenses, and Borrower hereby authorizes the payment of such Lender Expenses.

      

      

      6.12    Compliance With Law. Borrower shall comply, in all material respects, with the requirements of all applicable laws, rules, regulations and orders of governmental authorities relating
          to Borrower and the conduct of its business.

      

      

      6.13       Accounting System.  Borrower shall at all times hereafter maintain a standard and modern
        system of accounting in accordance with GAAP with ledger and account cards or computer tapes, disks, printouts and records pertaining to the Collateral containing such information as may from time to time be requested by Lender.

      

      

      6.14      Minimum Net Unfunded Availability.  Borrower shall have at the time of the initial Advance under the Revolving Credit Facility only, Minimum Net Unfunded Availability of not less than
          Two Hundred Fifty Thousand Dollars ($250,000).  For purposes of this Section 6.14, Minimum Net Unfunded Availability means the amount,
          as determined by Lender in its Good Faith discretion, calculated at the time of the initial Advance under the Revolving Credit Facility equal to the difference between (a) the amount of the Borrowing Base, less reserves (including the Dilution
          Reserve and the Payroll Reserve), if any, and (b) the amount of the initial Advance (including the initial installment of the Facility Fee and Lender Expenses in connection with the closing of the transactions under this Agreement), as set forth
          on Schedule 5.20.

      

      

      7.           NEGATIVE
          COVENANTS

      

      

      Borrower covenants and acknowledges to Lender that throughout the Term, Borrower shall not undertake any of the following, without
          the prior written consent of Lender:

      

      

      7.1       Extraordinary Transactions and Disposal of Assets.  (a) Enter into any transaction not in the
          ordinary and usual course of its business as conducted on the date hereof, including, but not limited to, the sale, lease, disposal, movement, relocation or
          transfer, whether by sale or otherwise, of any its assets, other than sales of used or surplus Equipment having an aggregate value not in excess of $50,000 in the ordinary and usual course of its business as presently conducted, in each fiscal
          year; (b) incur (i) any indebtedness for borrowed money (except under this Agreement), including, without limitation, (x) merchant advances or (y) purchase money indebtedness other than as permitted under Section 7.10, or (ii) any other
          indebtedness outside the ordinary and usual course of its business as conducted on the date hereof, except for renewals or extensions of existing indebtedness permitted by Lender and as set forth on Schedule 7.1; (c) make any advance or loan to any third party, except as permitted under Section 7.9; or (d) grant a lien on any of its assets except (i) in favor of Lender or (ii) the continuing
          liens and security interests, if any, set forth on Schedule 5.1.

      

      

      7.2        Change Name, etc.  Change its name, business structure, jurisdiction of incorporation or formation, as applicable, or identity, or add any new fictitious name.

      

      

      7.3         Merge, Acquire.  Merge, acquire, or consolidate with or into any other business organization.

      

      

      7.4         Guaranty.  Guaranty or otherwise become in any way liable with respect to the obligations of any third party, except under this Agreement and by endorsement of instruments or items of
          payment for deposit to the account of Borrower for negotiation and delivery to Lender.

      

      

      7.5         Restructure.  Make any change in its financial structure or business operations.

      

      

      7.6         Prepayments.  Prepay any existing indebtedness for borrowed money owing to any third party other than trade payables.

       

        

      
        
          	
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      7.7        Change of Ownership.  Cause, permit or suffer any (a) change, direct or indirect, in the ownership of the capital stock or other equity interest of Borrower or (b) Change of Control of
          Parent, or (c) enter into any agreement with any person or entity that provides for a payment to such person or entity based upon the income of Borrower.

      

      

      7.8         [Reserved].

      

      

      7.9         Loans and Advances.  Make any loans, advances or extensions of credit to any officer, director,
          executive employee or shareholder of Borrower (or any relative of any of the foregoing), or to any entity which is a subsidiary of, related to, affiliated with, or has common shareholders, officers or directors with, Borrower, exceeding $5,000 in
          the aggregate at any time.

      

      

      7.10      Capital Expenditures.  Make any plant or fixed capital expenditure, or any commitment therefor, or purchase or lease any real or personal assets or replacement Equipment in excess of
          $100,000 for any individual transaction or where the aggregate amount of such transactions in any fiscal year exceeds $300,000.

      

      

      7.11       [Reserved].

      

      

      7.12       Distributions.  Make any distribution of, or declare or pay any dividends (in cash or in stock) on, or purchase, acquire, redeem or retire any of, its capital stock or other equity
          interest, of any class, whether now or hereafter outstanding, provided that Borrower may pay dividends or otherwise make distributions to Parent:  (a)  in an aggregate amount of $125,000 per year to pay interest on its convertible promissory
          notes at the rate(s) set forth therein, so long as no Event of Default exists or would result from such payment, Borrower has sufficient availability under
          the Revolving Credit Facility and all Obligations of Borrower (including, without limitation, taxes) are current and within their terms; and (b) in an amount sufficient to pay interest only at a per annum rate note greater than six percent (6%) per annum (or as otherwise set forth in the letter agreements below) on the payment obligations owed by Parent to Mark Breck and Frits Huijsekns, individuals and
          former members of Borrower, Ameri100 Arizona LLC (then known as DC&M Partners, L.L.C.), in accordance with that certain Membership Interest Purchase Agreement dated as of July 29, 2016 by and among Parent, as buyer, DC&M Partners, L.L.C.
          (the former name of Ameri100 Arizona LLC), as company, and the members of DC&M Partners, L.L.C. (of which Mark Breck and Frits Huijsekns were members), as modified by certain letter agreements by Parent to Mark Breck and Frits Huijsekns, each
          dated January 14, 2019, so long as no Event of Default exists or would result from such payments, Borrower has sufficient availability under the Revolving Credit Facility and all Obligations of Borrower (including, without limitation, taxes) are
          current and within their terms.

      

      

      7.13      Accounting Methods.  Modify or change its method of accounting, or enter into, modify or terminate any agreement presently existing or at any time hereafter entered into with any third
          party for the preparation or storage of Borrower's records of Accounts and financial condition without such third party's agreeing to provide Lender with information regarding the Collateral or Borrower's financial condition.  Borrower waives the
          right to assert a confidential relationship, if any, it may have with any such third party in connection with any information requested by Lender hereunder and agrees that Lender may contact any such third party directly in order to obtain such
          information.

      

      

      7.14       Business Suspension.  Suspend or go out of business.

      

      

      8.           EVENTS OF
          DEFAULT

      

      

      The occurrence of any one or more of the following events shall constitute an Event of Default by Borrower hereunder:

      

      

      8.1         Failure to Pay.  Borrower's failure to pay when due and payable, or when declared due and payable, any portion of the Obligations (whether principal, interest, taxes, Lender Expenses,
          or otherwise);

      

      

      
        
          	
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      8.2       Failure to Perform.  Borrower's or any Guarantor's failure to perform, keep or observe any term, provision, condition, representation, warranty, covenant or agreement contained in this
          Agreement, in any of the Loan Documents or in any other present or future agreement between Borrower and/or any Guarantor and Lender;

      

      

      8.3      Misrepresentation.  Any material misstatement or misrepresentation now or hereafter exists in any warranty, representation, statement, aging or report made to Lender by Borrower and/or
          any Guarantor or any officer, employee, agent or director thereof, or if any such warranty, representation, statement, aging or report is withdrawn by such person;

      

      

      8.4         Material Adverse Change.  There is a material adverse change in Borrower's or Parent's business or financial condition;

      

      

      8.5         Material Impairment.  There is a material impairment of the prospect of repayment of the
        Obligations or a material impairment of Lender's continuing security interests in the Collateral;

      

      

      8.6        Levy or Attachment.  Any material portion of Borrower's assets is attached, seized, subjected to a writ or distress warrant or is levied upon, or comes into the possession of any
          judicial officer or assignee;

      

      

      8.7         Insolvency by Borrower or Parent.  An Insolvency Proceeding is commenced by Borrower or Parent;

      

      

      8.8         Insolvency Against Borrower or Parent.  (A) An Insolvency Proceeding is commenced against
        Borrower or Parent, or (B) an order for relief under the Bankruptcy Code, or similar order in any other Insolvency Proceeding, is entered against Borrower or Parent;

      

      

      8.9         Injunction Against Borrower.  Borrower is enjoined, restrained or in any way prevented by court
          order from continuing to conduct all or any material part of its business;

      

      

      8.10     Government Lien.  Except for Permitted Liens, a notice of lien, levy or assessment is filed of record with respect to any of Borrower's or Parent's assets by the United States
          Government or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether
          inchoate or otherwise, upon Borrower's or any Parent's assets and the same is not paid on the payment date thereof;

      

      

      8.11        Judgment.  A judgment in excess of Twenty-Five Thousand Dollars ($25,000) is entered against Borrower or Parent;

      

      

      8.12       Default to Third Party.  There is a default, which is not cured within any applicable grace or cure period, in any material agreement to which Borrower or Parent is a party or which
          binds Borrower or Parent or any of their respective assets, except for the defaults set forth on Schedule 8.12;

      

      

      8.13       Subordinated Debt Payments. Borrower or Parent makes any payment on account of
        indebtedness which has now or hereafter been subordinated to the Obligations, except to the extent such payment is allowed under any subordination agreement entered into with Lender;

      

      

      8.14       Death of Guarantor; Termination of Guaranty.  Any individual Guarantor dies or any Guarantor terminates his/its guaranty;

      

      

      8.15       Change in Management.  If Barry J. Kostiner or Brent V. Kelton ceases to be actively
        engaged in the management of Borrower provided, however, the foregoing shall not constitute an Event of Default, if Borrower provides prompt written notice to Lender of Barry J. Kostiner 's or Brent V. Kelton's failure to be actively engaged in the
        management of Borrower, as chief financial officer or chief executive officer, respectively, and within thirty (30) days thereafter, the Board of Directors of Borrower appoints another interim acting (or permanent) replacement chief financial
        officer or chief executive officer, as the case may be, acceptable to Lender, in its reasonable discretion, in all respects who assumes the duties of the chief financial officer or chief financial officer by the end of such thirty (30) day period;

       

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

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      8.16      ERISA Violation.  A prohibited transaction within the meaning of ERISA
          Section 406 or IRC Section 4975(c) shall occur with respect to a Plan which could have a material adverse effect on the financial condition of Borrower; any lien upon the assets of Borrower in connection with any Plan shall arise; Borrower or any
          ERISA Affiliate shall completely or partially withdraw from a Multiemployer Plan and such withdrawal could, in the opinion of Lender, have a material adverse effect on the financial condition of Borrower; Borrower or any of its ERISA Affiliates
          shall fail to make full payment when due of all amounts which Borrower or any of its ERISA Affiliates may be required to pay to any Plan or any Multiemployer Plan as one or more contributions thereto; Borrower or any of its ERISA Affiliates
          creates or permits the creation of any accumulated funding deficiency, whether or not waived; the voluntary or involuntary termination of any Plan which termination could, in the opinion of Lender, have a material adverse effect  on the financial
          condition of Borrower; or Borrower shall fail to notify Lender promptly, and in any event within ten (10) days, of the occurrence of an event which constitutes an Event of Default under this Section 8.16 or would constitute an Event of Default
          upon the exercise of Lender's judgment;

      

      

      8.17       Loss of License, etc.; Loss of SAP Certification  (A) If any material license (other than Borrower's license to sell SAP software), permit, distributor, franchise or similar agreement
          necessary for the continued operation of Borrower's business in the ordinary course is revoked, suspended or terminated; or (B) if Borrower's SAP certification is revoked, suspended or terminated; or

      

      

      8.18      Other Agreements with Lender.  A default under any other obligation by or of Borrower or any Guarantor in favor of Lender, including any obligation under any instrument securing or
          evidencing such obligation, whether or not such obligation is otherwise secured, which default is not cured within any applicable grace or cure period.

      

      

      Notwithstanding anything contained in this Agreement to the contrary, Lender shall refrain from exercising its rights and remedies
          and an Event of Default shall not be deemed to have occurred by reason (a) of the occurrence of any of the events set forth in Sections 8.6, 8.8(A), 8.10 or 8.11 hereof if, within ten (10) days from the date thereof, the same is released,
          discharged, dismissed, bonded against or satisfied; provided, however, Lender shall not be
          obligated to make Advances to Borrower during any such period or (b) the failure of Borrower to company with any of its obligations under Sections 6.7, 6.8, 6.12 or 6.13 hereof if such failure is remedied within fifteen (15) days of notice from
          Lender to Borrower of such failure to perform; provided, however, Lender shall not be
          obligated to make Advances to Borrower during any such period set forth in (a) and/or (b).

      

      

      9.           LENDER'S RIGHTS
          AND REMEDIES

      

      

      9.1         Rights and Remedies.  During the existence of an Event of Default, Lender may, at its election, without notice of such election and without demand, do any one or more of the following:

      

      

      (a)          Declare all Obligations, whether evidenced by the
          Loan Documents or otherwise, immediately due and payable in full;

      

      

      (b)        Cease advancing money or extending credit to or for
          the benefit of Borrower under the Loan Documents or under any other agreement between Borrower and Lender;

      

      

      (c)         Terminate this Agreement as to any future liability
          or obligation of Lender, but without affecting Lender's rights and security interest in the Collateral and without affecting the Obligations;

      

      

      (d)         Settle or adjust disputes and claims directly with
          Account debtors for amounts and upon terms which Lender in Good Faith considers advisable and, in such cases, Lender will credit the Obligations with the net amounts received by Lender in payment of such disputed Accounts, after deducting all
          Lender Expenses;

      

      

      (e)          [Reserved];

      

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

                	- 20 -

        

        
          

      

      (f)         Without notice to or demand upon Borrower or any
          Guarantor, make such payments and do such acts as Lender considers necessary, desirable or reasonable to protect its security interest in the Collateral.  Borrower shall assemble the Collateral if Lender so requires and deliver or make the
          Collateral available to Lender at a place designated by Lender.  Borrower authorizes Lender to enter any premises where the Collateral is located, to take and maintain possession of the Collateral, or any part of it, and to pay, purchase, contest
          or compromise any encumbrance, charge or lien on the Collateral which in Lender's determination appears to be prior or superior to its security interest or lien, and to pay all expenses incurred in connection therewith;

      

      

      (g)        Ship, reclaim, recover, store, finish, maintain,
          repair, prepare for sale, lease, license or other disposition, advertise for sale, lease, license or other disposition, and sell, lease, license or otherwise dispose (in the manner provided for herein or in the Code) the Collateral.  Lender is
          hereby granted a license or other right to use, without charge, Borrower's labels, patents, copyrights, rights of use of any name, trade secrets, trade names, trademarks, service marks, and advertising matter, or any asset of a similar nature,
          pertaining to the Collateral, in completing the production of, advertising for sale, lease, license or other disposition, and sale, lease, license or other disposition of the Collateral.  Borrower's rights under all licenses and all franchise
          agreements shall inure to Lender's benefit; and/or

      

      

      (h)        Sell, lease, license or otherwise dispose of the
          Collateral at either a public or private proceeding, or both, by way of one or more contracts or transactions, for cash or on terms, in such manner and at such places (including Borrower's premises) as Lender determines is commercially
          reasonable.  It is not necessary that the Collateral be present at any such sale.  Lender shall give notice of the disposition of the Collateral as follows:

      

      

      (i)         to Borrower and all other
          parties entitled to receive a notice of disposition under the Code, a notice in writing of the time and place of the public sale or other disposition, or if the sale or other disposition is a private sale or some other disposition other than a
          public sale, a notice in writing of the time on or after which the private sale or other disposition is to be made; and

      

      

      (ii)        the notice hereunder shall be
          personally delivered or mailed, postage prepaid, to Borrower as provided in Section 12, at least ten (10) calendar days before the date fixed for the sale or other disposition, or at least ten (10) calendar days before the date on or after which
          the private sale or other disposition is to be made, unless the Collateral is perishable or threatens to decline speedily in value.  Notice to persons other than Borrower claiming an interest in the Collateral shall be sent to such addresses as
          is required or authorized under the Code.

      

      

      Lender may credit bid and purchase at any public sale and, if permitted by applicable law, at any private sale, and any deficiency that exists after
          disposition of the Collateral as provided herein, shall be immediately paid by Borrower.  Any excess will be remitted without interest by Lender to the party or parties legally entitled to such excess.

      

      

      In addition to the foregoing, Lender shall have all rights and remedies provided by law (including those set forth in the Code) and at
          equity, and any rights and remedies contained in any Loan Documents and all such rights and remedies shall be cumulative.

      

      

      9.2         No Waiver.  No delay on the part of Lender in exercising any right, power or privilege
        under any Loan Document shall operate as a waiver of the terms and conditions hereof, nor shall any single or partial exercise of any right, power or privilege under such Loan Documents or otherwise, preclude any other or further exercise of any
        such right, power or privilege.

      

      

      9.3        Waivers.  If Lender seeks to take possession of any of the Collateral by court process, Borrower hereby irrevocably waives:  (a) any bond and any surety or security relating thereto
          required by any statute, court rule or otherwise as an incident to such possession; (b) any demand for possession prior to the commencement of any suit or action to recover possession thereof; and (c) any requirement that Lender retain possession
          of, and not dispose of, any such Collateral until after trial or final judgment.

      

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

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      9.4         Commercially Reasonable Sale.  Borrower and Lender agree that a sale or other disposition of any Collateral which complies with the following standards will conclusively be deemed to
          be commercially reasonable (but nothing herein implies that other methods or manners of sale are not commercially reasonable):  (a) notice of the sale is given to Borrower at least (10) ten days prior to the sale, and, in the case of a public
          sale, notice of the sale is published at least seven (7) days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (b) notice of the sale describes the Collateral in general, non-specific terms;
          (c) the sale is conducted at a place designated by Lender, with or without the Collateral being present; (d) the sale commences at any time between 8:00 a.m. and 6:00 p.m.; (e) payment of the purchase price in cash or by cashier's check or wire
          transfer is required; and (f) with respect to any sale of any of the Collateral, Lender may (but is not obligated to) direct any prospective purchaser to ascertain directly from Borrower any and all information concerning the Collateral.  Lender
          shall be free to employ other methods of noticing and selling the Collateral, in its discretion, if they are commercially reasonable.

      

      

      10.       TAXES AND EXPENSES REGARDING THE COLLATERAL.  If Borrower fails to pay any monies (whether taxes, assessments, insurance premiums or otherwise) due to third persons or entities, fails
          to make any deposits or furnish any required proof of payment or deposit or fails to perform any of Borrower's other covenants under any of the Loan Documents, then in its discretion following not less than five (5) days' notice to Borrower,
          Lender may do any or all of the following:  (a) make any payment which Borrower has failed to pay or any part thereof; (b) set up such reserves in Borrower's loan account as Lender deems necessary to protect Lender from the exposure created by
          such failure; (c) obtain and maintain insurance policies of the type described in Section 6.10 and take any action with respect to such policies as Lender deems prudent; or (d) take any other action deemed necessary to preserve and protect its
          interests and rights under the Loan Documents; provided that no prior notice need be given, or shorter notice may be given, if Lender, in Good Faith believes payment is necessary to be made without notice or a shorter time period to preserve and
          protect Lender's lien on assets of Borrower, or to preserve said assets, or to have said assets insured.  Any payments made by Lender shall not constitute:  (i) an agreement by Lender to make similar payments in the future or (ii) a waiver by
          Lender of any Event of Default.  Lender need not inquire as to, or contest the validity of, any such expense, tax, security interest, encumbrance or lien, and the receipt of notice for the payment thereof shall be conclusive evidence that the
          same was validly due and owing.

      

      

      11.          WAIVERS

      

      

      11.1     Demand, Protest.  Borrower waives demand, protest, notice of protest, notice of default or dishonor, notice of payment and nonpayment, notice of any default, notice of intention to
          accelerate, notice of acceleration, and notice of nonpayment at maturity and acknowledges that Lender may in Good Faith compromise, settle or release, without notice to Borrower, any Collateral and/or guaranties at any time held by Lender. 
          Borrower hereby consents to any extensions of time of payment or partial payment at, before or after the Termination Date.

      

      

      11.2       No Marshaling.  Borrower, on its own behalf and on behalf of its successors and assigns, hereby expressly waives all rights, if any, to require a marshaling of assets by Lender or to
          require that Lender first resort to some portion(s) of the Collateral before foreclosing upon, selling or otherwise realizing on any other portion thereof.

      

      

      11.3       Lender's Non-Liability for Equipment or for Protection of Rights.  So long as Lender complies with its obligations, if any, under Section 9-207 of the Code, Lender shall not in any way
          or manner be liable or responsible for:  (a) the safekeeping of the Equipment; (b) any loss or damage thereto occurring or arising in any manner or fashion from any cause; (c) any diminution in the value thereof; or (d) any act or default of any
          carrier, warehouseman, bailee, forwarding agency or other person whomsoever.  All risk of loss, damage or destruction of the Equipment shall be borne by
          Borrower.  Lender shall have no obligation to protect any rights of Borrower against any person obligated on any Collateral.

      

      

      11.4     Limitation of Damages.  In any action or other proceeding against Lender under this Agreement or relating to the transactions between Lender and Borrower, Borrower waives the right to
          seek any consequential or punitive damages.

      

      

      
        
          	
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      12.         NOTICES.  Unless otherwise provided herein, all consents, waivers, notices or demands by any party relating to the Loan Documents shall be in writing and (except for financial
          statements and other informational documents which may be sent by first‐class mail, postage prepaid) shall be telecopied/sent by facsimile transmission or other electronic transmission .pdf (followed up by a mailing or overnight delivery),
          personally delivered or sent by registered or certified mail, postage prepaid, return receipt requested, or by receipted overnight delivery service to Borrower or to Lender, as the case may be, at their addresses set forth below

      

      

      	
              If to Borrower:

            	
              Ameri100 Arizona LLC

            
	 	
              1490 South Price Road, Suite 114

            
	 	
              Chandler, Arizona  85286

            
	 	 
	 	
              Ameri100 California Inc.

            
	 	
              1024 Iron Point Road, Suite 1097

            
	 	
              Folsom, California  95360

            
	 	 
	 	
              Ameri100 Georgia, Inc.

            
	 	
              Ameri and Partners Inc

            
	 	
              5000 Research Court, Suite 750

            
	 	
              Suwanee, Georgia  30024

            
	 	 
	 	
              In each case:

            
	 	
              
                Attn: 

                  

              

            	Barry J. Kostiner, Chief Financial Officer
	 	
              Fax #:  

                

            	(770) 935-4135
	 	 
	
              If to Lender:

            	
              North Mill Capital LLC

            
	 	
              821 Alexander Road, Suite 130

            
	 	
              Princeton, New Jersey  08540

            
	 	
              Attn:

            	
              Larry Kamin, Senior Vice President

            
	 	
              Fax #

            	
              (609) 919-0677

            

       

        

      Any party may change the address at which it is to receive notices hereunder by notice in writing in the foregoing manner given to the
          other.  All notices or demands sent in accordance with this Section 12 shall be deemed received on the earlier of the date of actual receipt or five (5) calendar days after the deposit thereof in the mail or on the date telecommunicated if
          telecopied.

      

      

      13.        DESTRUCTION OF BORROWER'S DOCUMENTS.  All documents, schedules, invoices, agings or other papers delivered to Lender may be destroyed or otherwise disposed of by Lender four (4) months
          after they are delivered to or received by Lender, unless Borrower requests in writing the return of the said documents, schedules, invoices or other papers and makes arrangements, at Borrower's expense, for their return.

      

      

      14.         GENERAL
          PROVISIONS

      

      

      14.1       Effectiveness.  This Agreement shall be binding and deemed effective when executed by Lender.

      

      

      14.2       Successors and Assigns; Assignments and Participations; Third Party Beneficiaries.  This Agreement shall bind and inure to the benefit of the respective successors and assigns of each
          of the parties; provided, however, Borrower may not assign this Agreement or any rights hereunder, and any such prohibited assignment shall be absolutely void.  No consent to an assignment by Lender shall release Borrower from its
          Obligations.  Without notice to or the consent of Borrower, Lender may assign this Agreement and its rights and duties hereunder, and Lender reserves the right to sell, assign, transfer, negotiate or grant participations in all or any part of, or
          any interest in Lender's rights and benefits hereunder.  In connection therewith, Lender may disclose all documents and information which Lender now or hereafter may have relating to Borrower or Borrower's business.  Borrower and Lender do not
          intend any of the benefits of the Loan Documents to inure to any third party, and no third party shall be a third party beneficiary hereof or thereof.

      

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

                	- 23 -

        

        
          

      

      14.3       Section Headings.  Article, Section and Exhibit headings and numbers thereof have been set
        forth herein for convenience only.

      

      

      14.4      Interpretation.  Neither this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against Lender or Borrower, whether under any rule of construction or
          otherwise.  On the contrary, this Agreement has been reviewed by each party and shall be construed and interpreted according to the ordinary meaning of the words used so as to fairly accomplish the purposes and intentions of the parties hereto.

      

      

      14.5       Severability of Provisions.  Each provision of this Agreement shall be severable from
        every other provision of this Agreement for the purpose of determining the legal enforceability of such provision.

      

      

      14.6     Amendments in Writing.  This Agreement cannot be changed or terminated orally.  This Agreement supersedes all prior agreements, understandings and negotiations, if any, all of which
          are merged into this Agreement.  THIS AGREEMENT, TOGETHER WITH THE OTHER LOAN DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES REGARDING THE SUBJECT
            MATTER HEREIN AND THEREIN, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES HERETO.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

      

      

      14.7      Counterparts and Facsimile Signatures.  This Agreement may be executed in any number of counterparts, each of which, when executed and delivered, shall be deemed to be an original and
          all of which, when taken together, shall constitute one and the same Agreement.  Any signature to a Loan Document delivered by a party via telecopy/facsimile transmission or other electronic means shall be deemed to be an original signature.

      

      

      14.8     Indemnification.  Borrower hereby indemnifies, protects, defends and saves harmless Lender and any member, officer, director, investor, bank group member, official, agent, employee and
          attorney of Lender, and their respective heirs, successors and assigns (collectively, the Indemnified Parties), from and against any and
          all losses, damages, expenses or liabilities of any kind or nature and from any suits, claims or demands, including reasonable counsel fees incurred in investigating or defending such claim, suffered by any of them and caused by, relating to,
          arising out of, resulting from, or in any way connected with the Loan Documents and the transactions contemplated therein or the Collateral (unless caused by the gross negligence or willful misconduct of the Indemnified Parties) including,
          without limitation:  (a) losses, damages, expenses or liabilities sustained by Lender in connection with any environmental cleanup or other remedy required or mandated by any Environmental Law; (b) any untrue statement of a material fact
          contained in information submitted to Lender by Borrower or any Guarantor or the omission of any material fact necessary to be stated therein in order to make such statement not misleading or incomplete; (c) the failure of Borrower or any
          Guarantor to perform any obligations required to be performed by Borrower or any Guarantor under the Loan Documents; and (d) the ownership, construction, occupancy, operations, use and maintenance of any of Borrower's or any Guarantor's assets. 
          The provisions of this Section 14.8 shall survive termination of this Agreement and the other Loan Documents.

      

      

      14.9.     Joint and Several Obligations; Dealings with Multiple Borrowers.   If more than one person or entity is named as Borrower hereunder, all Obligations, representations, warranties,
          covenants and indemnities set forth in the Loan Documents to which such person or entity is a party shall be joint and several.  Lender shall have the right to deal with any Authorized Officer of any Borrower with regard to all matters concerning
          the rights and obligations of Lender and Borrower hereunder and pursuant to applicable law with regard to the transactions contemplated under the Loan Documents.  All actions or inactions of the officers, managers, members and/or agents of any
          Borrower with regard to the transactions contemplated under the Loan Documents shall be deemed with full authority and binding upon all Borrowers hereunder.  Each Borrower hereby appoints each other Borrower as its true and lawful
          attorney-in-fact, with full right and power, for purposes of exercising all rights of such person hereunder and under applicable law with regard to the transactions contemplated under the Loan Documents.  The foregoing is a material inducement to
          the agreement of Lender to enter into this Agreement and to consummate the transactions contemplated hereby.  Each Borrower represents that it and each other Borrower, together, are operated as part of one consolidated business entity and are
          directly dependent upon each other for and in connection with each of their respective business activities and financial resources.  Each Borrower will receive a direct economic and financial benefit from the Obligations incurred under this
          Agreement and the incurrence of such Obligations is in the best interests of each Borrower.

       

        

      
        
          	
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      14.10.    Setoff.   Borrower hereby grants to Lender a lien, security interest and right of setoff as security for all Obligations to Lender upon and against all deposits, credits, collateral
          and property, now or hereafter in the possession, custody, safekeeping or control of Lender, or any entity under the control of Lender, or its parent entity(ies), or in transit to any of them.  At any time, without demand or notice, Lender may
          set off the same or any part thereof and apply the same to the Obligations of Borrower, even though unmatured and regardless of the adequacy of any other collateral securing the Obligations.  ANY AND ALL RIGHTS TO REQUIRE LENDER TO EXERCISE ITS
          RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THE OBLIGATIONS, PRIOR TO EXERCISING ITS RIGHTS OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE BORROWER ARE HEREBY KNOWINGLY, VOLUNTARILY AND
          IRREVOCABLY WAIVED.

      

      

      15.     CHOICE OF LAW, VENUE AND JURY TRIAL WAIVER.  THE VALIDITY OF THE LOAN DOCUMENTS, THEIR CONSTRUCTION, INTERPRETATION AND ENFORCEMENT AND THE RIGHTS OF THE PARTIES HERETO SHALL BE
          DETERMINED UNDER, GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW JERSEY, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.  THE PARTIES HERETO AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH
          THE LOAN DOCUMENTS SHALL BE TRIED AND LITIGATED ONLY IN THE STATE COURTS LOCATED IN THE COUNTY OF MERCER, STATE OF NEW JERSEY, THE FEDERAL COURTS WHOSE VENUE INCLUDES THE STATE OF NEW JERSEY, OR AT THE SOLE OPTION OF LENDER, IN ANY OTHER COURT IN
          WHICH LENDER SHALL INITIATE LEGAL OR EQUITABLE PROCEEDINGS AND WHICH HAS SUBJECT MATTER JURISDICTION OVER THE MATTER IN CONTROVERSY.  BORROWER AND LENDER EACH
            WAIVES, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, THE RIGHT TO A TRIAL BY JURY IN ANY PROCEEDING UNDER THE LOAN DOCUMENTS OR RELATING TO THE DEALINGS OF BORROWER AND LENDER AND ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF "FORUM
          NON CONVENIENS" OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 15.

      

      

      [SIGNATURES CONTINUED ON NEXT PAGE]

       

        

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

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      Borrower and Lender have executed this Agreement and delivered this Agreement to Lender at Lender's place of business in Princeton,
          New Jersey as of the date first above written.

      

      

      AMERI100 ARIZONA LLC, an Arizona limited liability company

      

      

      	
              By:

            	
               /s/ Brent Vernon Kelton 

            
	 	 	
              Name:

            	
              Brent Vernon Kelton

            
	 	 	
              Title:

            	
              Chief Executive Officer

            

      

      

      AMERI100 CALIFORNIA INC., a Delaware corporation

      

      

      	
              By:

            	/s/ Brent Vernon Kelton 
	 	 	
              Name:

            	
              Brent Vernon Kelton

            
	 	 	
              Title:

            	
              Chief Executive Officer

            

      

      

      AMERI100 GEORGIA INC., a Georgia corporation

      

      

      	
              By:

            	/s/ Brent Vernon Kelton

              
	 	 	
              Name:

            	
              Brent Vernon Kelton

            
	 	 	
              Title:

            	
              Chief Executive Officer

            

      

      

      AMERI AND PARTNERS INC, a Delaware corporation

      

      

      	
              By:

            	/s/ Brent Vernon Kelton 
	 	 	
              Name:

            	
              Brent Vernon Kelton

            
	 	 	
              Title:

            	
              Chief Executive Officer

            

      

      

      NORTH MILL CAPITAL LLC, a Delaware limited liability company

      

      

      	
              By:

            	/s/ Beatriz Hernandez
	 	 	
              Name:

            	
              Beatriz Hernandez

            
	 	 	
              Title:

            	
              Executive Vice President

            

       

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

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      Schedule 2.3

      

      

      Deposit Account of Borrower for Advances

      

      

      Account # 6700092345

      

      

      Bank Name, Address, and Wire Transfer Instructions:

      

      

      	 	
              Sterling National Bank

            	 

      

      

      	 	
              One Jericho Plaza, 3rd Floor

            	 
	 	 	 
	 	
              New York, New York  11753

            	 
	 	 	 
	 	
              ABA # 026007773

            	 

       

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

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      Schedule 5.1

      

      

      Existing Liens Which Are To Continue

      

      

      None.

      

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

                	- 28 -

        

        
          

      

      Schedule 5.13

      

      

      Litigation

      

      

      On May 1, 2018, MACT Holdings LLC, one of the former members of Ameri100 Arizona LLC, filed suit against Ameri Holdings, Inc. in the United States
          District Court for the Southern District of New York seeking damages in an amount equal to such former member's potion of accrued but unpaid earn-out payments of approximately $236,950 in respect of the 2017 earn-out period, plus attorneys' fees
          and expenses.  All such amounts had been paid as of August 3, 2018.  MACT Holdings LLC also asserted that they had elected to receive cash instead of stock consideration of 560,000 shares of common stock issued to him on July 30, 2018, but Ameri
          Holdings, Inc. disputes the assertion and is vigorously defending any claims related thereto.

       

        

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

                	- 29 -

        

        
          

      

      Schedule 5.20

      

      

      Use of Proceeds of Initial Advance

      

      

      	
              1.

            	
              Initial installment of Facility Fee - $4,166.67

            
	
              2.

            	
              Payoff of Sterling National Bank - $2,746,924

            
	
              3.

            	
              Investment banking and consulting fees to Jenkins Capital Management - $75,000

            
	
              3.

            	
              Legal Fees - $18,315

            

      

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

                	- 30 -

        

        
          

      

      Schedule 7.1

      

      

      Existing Indebtedness

      

      

      As of July 29, 2018, in connection with the acquisition of Ameri100 Arizona LLC, two former members of Ameri100 Arizona LLC elected to receive an
          aggregate of $2,496,000 in cash in lieu of stock and such payment was due on or about September 28, 2018.  Ameri Holdings, Inc. has entered into letter agreements with certain former members of Ameri100 Arizona LLC for the deferred payment of
          such amount.

      

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

                	- 31 -

        

        
          

      

      Schedule 8.12

      

      

      Defaults to Third Parties

      

      

      None.

      

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

                	- 32 -

        

        
          

      

      Exhibit 6.4

      

      

      Compliance Certificate

      

      

      COMPLIANCE CERTIFICATE

      (to be delivered with monthly/annual financial statements)

      

      

      

      

      Pursuant to Section 6.4 of that certain Loan and Security Agreement, dated January _, 2019, by and between AMERI100 ARIZONA LLC, AMERI100 GEORGIA INC., AMERI100 CALIFORNIA INC. and AMERI AND PARTNERS INC (individually and collectively, "Borrower") and NORTH MILL CAPITAL LLC ("Lender") (as amended, modified, supplemented, substituted, extended or renewed from time to time, the "Loan Agreement"),

          the undersigned hereby certifies to Lender as follows:

      

      

      1.         All reports, statements or computer prepared
          information of any kind or nature delivered or caused to be delivered to Lender in connection with the Loan Agreement fairly represent Borrower's financial condition.

      

      

      2.          There exists no condition or event which
          constitutes an Event of Default (as defined in the Loan Agreement) including, without limitation, any cross-default with other lenders.

      

      

      ______________ Yes (skip to #3)

      

      

      Or

      

      

      ______________ No (then answer below)

      

      

      The following Events of Default (as defined in the Loan Agreement) exist:

      

      

      (1)

      (2)

      

      

      and the following sets forth in detail what action Borrower proposes to take with respect thereto:

      

      

      (1)

      (2)]

      

      

      3.            The annual financial statements provided by
          Borrower to Lender are:

      

      

      __ Audited

      

      

      __ Reviewed

      

      

      __ Compiled

      

      

      Required under Section 6.4 (Financial Statements, Reports, Certificates) - _____________

      

      

      In compliance?  ___ Yes ___ No

      

      

      
        
          	
                  Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

                	- 33 -

        

        
          

      

      4.            The following are calculations of the following
          covenants set forth in the Loan Agreement:

      

      

      a.           Section 7.10 (Capital Expenditures):

      

      

      	 	 	
              (i)

            	
              Amount per transaction:

            

      

      

      	 	 	 	
              $

            	 	 

      

      

      	 	 	
              (ii)

            	
              Aggregate amount per fiscal year:

            

      

      

      	 	 	 	
              $

            	 	 

      

      

      	 	 	
              (iii)

            	
              Permitted amounts:  (i) $100,000, (ii) $300,000

            
	 	 	 	 
	 	

            	
              (iv)

            	
              In compliance?  ___ Yes ___ No

            

      

      

      I hereby certify that the foregoing statements made by me are true.  I am aware that if any of the foregoing statements are false, I
          am subject to punishment.

      

      

      Date: _____________, 20__

      

      

      	 	
              AMERI100 ARIZONA LLC

            	 
	 	 	 	 
	 	
              By:

            	 	 	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 
	 	 	 	 
	 	
              AMERI100 CALIFORNIA INC.

            	 
	 	 	 	 
	 	
              By:

            	 	 	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 
	 	 	 	 
	 	
              AMERI100 GEORGIA INC.

            	 
	 	 	 	 
	 	
              By:

            	 	 	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 
	 	 	 	 
	 	
              AMERI AND PARTNERS INC

            	 
	 	 	 	 
	 	
              By:

            	 	 	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 

      

      

      

    

  

  
    	
            Ameri100 - Loan and Security Agreement – EXECUTION VERSION 

          	- 34 -

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