Document:

ex_10-19.htm

    
      

      

    

    
      Exhibit
10.19

      

       

      FUNDS
ESCROW AGREEMENT

       

      This
Funds Escrow Agreement (this “Agreement”) is dated
as of October 31, 2007 among General Environmental Management, Inc., a Nevada
corporation (the “GEVM-NV”), General
Environmental Management, Inc., a Delaware corporation (the “GEVM-DE”), General
Environmental Management of Rancho Cordova, LLC (“Rancho”), GEM Mobile
Treatment Services Inc. (“GEM”)(collectively,
the “Company”),
Valens U.S. SPV I, LLC (“Valens US”), Valens
Offshore SPV II, Corp. (“Valens Offshore” and
together with Valens US, the “Purchasers”) and Loeb
& Loeb LLP (the “Escrow
Agent”).

       

      W I T N E S S E T H:

       

      WHEREAS,
the Agent has advised the Escrow Agent that (a) the Company, LV Administrative
Services, Inc., as agent (the “Agent”), and the
Purchasers have entered into a Securities Purchase Agreement (the “Purchase Agreement”)
for the sale by the Company to the Purchasers of secured convertible term notes
(the “Term
Notes”), (b) the Company has issued to the Purchasers common stock
purchase warrants (the “Warrants”) in
connection with the issuance of the Term Notes and (c) the Company and the
Purchasers have entered into a Registration Rights Agreement covering the
registration of the Company’s common stock underlying the Term Notes and the
Warrants (the “Registration Rights
Agreement”);

       

      WHEREAS,
the Company and the Purchasers wish to deliver to the Escrow Agent copies of the
Documents (as hereafter defined) and, following the satisfaction of all closing
conditions relating to the Documents, the Purchasers to deliver the Escrowed
Payment (as hereafter defined), in each case, to be held and released by Escrow
Agent in accordance with the terms and conditions of this
Agreement;

       

      WHEREAS,
the Escrow Agent is willing to serve as escrow agent pursuant to the terms and
conditions of this Agreement;

       

      NOW
THEREFORE, the parties agree as follows:

       

      ARTICLE
I

       

      INTERPRETATION

       

      1.1. Definitions.  Whenever
used in this Agreement, the following terms shall have the meanings set forth
below.

       

      (a) “Agreement” means this
Agreement, as amended, modified and/or supplemented from time to time by written
agreement among the parties hereto.

       

      (b) “Closing Payments”
means the closing payments to be paid to (a) Valens Capital Management, LLC, as
investment manager of the Purchasers, and (b) the Purchasers, in the aggregate
amount of $45,000.

       

      (c) “Creditor Parties”
means collectively, the Agent and the Purchasers.

       

      (d) “Disbursement Letter”
means that certain letter delivered to the Escrow Agent by the Company,
acceptable in form and substance to the Agent, setting forth wire instructions
and amounts to be funded at the Closing.

       

      (e) “Documents” means
copies of the Disbursement Letter, the Purchase Agreement, the Term Notes, the
Warrants and the Registration Rights Agreement.

       

      (f) “Escrowed Payment”
means $1,245,209.42.

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      1.2. Entire
Agreement.  This Agreement constitutes the entire agreement
among the parties hereto with respect to the arrangement with the Escrow Agent
and supersedes all prior agreements, understandings, negotiations and
discussions of the parties, whether oral or written with respect to the
arrangement with the Escrow Agent.  There are no warranties,
representations and other agreements made by the parties in connection with the
arrangement with the Escrow Agent except as specifically set forth in this
Agreement.

       

      1.3. Extended
Meanings.  In this Agreement words importing the singular
number include the plural and vice versa; words importing the masculine gender
include the feminine and neuter genders.  The word “person” includes
an individual, body corporate, partnership, trustee or trust or unincorporated
association, executor, administrator or legal representative.

       

      1.4. Waivers and
Amendments.  This Agreement may be amended, modified,
superseded, cancelled, renewed or extended, and the terms and conditions hereof
may be waived, in each case only by a written instrument signed by all parties
hereto, or, in the case of a waiver, by the party waiving
compliance.  Except as expressly stated herein, no delay on the part
of any party in exercising any right, power or privilege hereunder shall operate
as a waiver thereof, nor shall any waiver on the part of any party of any right,
power or privilege hereunder preclude any other or future exercise of any other
right, power or privilege hereunder.

       

      1.5. Headings.  The
division of this Agreement into articles, sections, subsections and paragraphs
and the insertion of headings are for convenience of reference only and shall
not affect the construction or interpretation of this Agreement.

       

      1.6. Law Governing this
Agreement; Consent to Jurisdiction.  THIS AGREEMENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS.  With respect to
any suit, action or proceeding relating to this Agreement or to the transactions
contemplated hereby (“Proceedings”), each party hereto irrevocably submits to
the exclusive jurisdiction of the courts of the County of New York, State of New
York and the United States District court located in the county of New York in
the State of New York.  Each party hereto hereby irrevocably and
unconditionally (a) waives trial by jury in any Proceeding relating to this
Agreement and for any related counterclaim and (b) waives any objection which it
may have at any time to the laying of venue of any Proceeding brought in any
such court, waives any claim that such Proceedings have been brought in an
inconvenient forum and further waives the right to object, with respect to such
Proceedings, that such court does not have jurisdiction over such
party.  As between the Company and the Purchasers, the prevailing
party shall be entitled to recover from the other party its reasonable
attorneys’ fees and costs.  In the event that any provision of this
Agreement is determined by a court of competent jurisdiction to be invalid or
unenforceable, then the remainder of this Agreement shall not be affected and
shall remain in full force and effect.

       

      1.7. Construction.  Each
party acknowledges that its legal counsel participated in the preparation of
this Agreement and, therefore, stipulates that the rule of construction that
ambiguities are to be resolved against the drafting party shall not be applied
in the interpretation of this Agreement to favor any party against the
other.

       

      ARTICLE
II

       

      APPOINTMENT
OF AND DELIVERIES TO THE ESCROW AGENT

       

      2.1. Appointment.  The
Company and the Purchasers hereby irrevocably designate and appoint the Escrow
Agent as their escrow agent for the purposes set forth herein, and the Escrow
Agent by its execution and delivery of this Agreement hereby accepts such
appointment under the terms and conditions set forth herein.

       

      2.2. Copies of Documents to
Escrow Agent.  On or about the date hereof, the Purchasers and
the Company shall deliver to the Escrow Agent copies of the Documents executed
by such parties.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      2.3. Delivery of Escrowed Payment
to Escrow Agent.  Following the satisfaction of all closing
conditions relating to the Documents (other than the funding of the Escrowed
Payment), the Purchasers shall deliver to the Escrow Agent the Escrowed
Payment.  At such time, the Escrow Agent shall hold the Escrowed
Payment as agent for the Company, subject to the terms and conditions of this
Agreement.

       

      2.4. Intention to Create Escrow
Over the Escrowed Payment.  The Purchasers and the Company
intend that the Escrowed Payment shall be held in escrow by the Escrow Agent and
released from escrow by the Escrow Agent only in accordance with the terms and
conditions of this Agreement.

       

      2.5. Termination of Escrow Over
the Escrowed Payment.  The Purchasers and the Company agree
that, if the Escrowed Payment (or any portion thereof) is not released within
five (5) business days of its delivery to the Escrow Agent, then Escrow Agent
shall return the Escrowed Payment to the Purchasers and all of the Company’s
Documents to the Company, and the Documents shall be void and of no further
force or effect.

       

      ARTICLE
III

       

      RELEASE
OF ESCROW

       

      3.1. Release of
Escrow.  Subject to the provisions of Section 4.2, the Escrow
Agent shall release the Escrowed Payment from escrow as follows:

       

      (a) Upon
receipt by the Escrow Agent of (i) oral instructions from David Grin and/or
Eugene Grin (each of whom is a principal of the Purchasers) consenting to the
release of the Escrowed Payment from escrow in accordance with the Disbursement
Letter following the Escrow Agent’s receipt of the Escrowed Payment, (ii) the
Disbursement Letter, and (iii) the Escrowed Payment, the Escrowed Payment shall
promptly be disbursed in accordance with the Disbursement Letter.  The
Disbursement Letter shall include, without limitation, Escrow Agent’s
authorization to retain from the Escrowed Payment Escrow Agent’s fee for acting
as Escrow Agent hereunder and the Closing Payments for delivery to Valens
Capital Management, LLC and to the Purchasers in accordance with the
Disbursement Letter.

       

      (b) Upon
receipt by the Escrow Agent of a final and non-appealable judgment, order,
decree or award of a court of competent jurisdiction (a “Court Order”) relating
to the Escrowed Payment, the Escrow Agent shall remit the Escrowed Payment in
accordance with the Court Order.  Any Court Order shall be accompanied
by an opinion of counsel for the party presenting the Court Order to the Escrow
Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect
that the court issuing the Court Order is a court of competent jurisdiction and
that the Court Order is final and non-appealable.

       

      3.2. Acknowledgement of Company
and Purchasers; Disputes.  The Company and the Purchasers
acknowledge that the only terms and conditions upon which the Escrowed Payment
are to be released from escrow are as set forth in Sections 3 and 4 of this
Agreement.  The Company and the Purchasers reaffirm their agreement to
abide by the terms and conditions of this Agreement with respect to the release
of the Escrowed Payment.  Any dispute with respect to the release of
the Escrowed Payment shall be resolved pursuant to Section 4.2 or by written
agreement between the Company and Purchasers.

       

      ARTICLE
IV

       

      CONCERNING
THE ESCROW AGENT

       

      4.1. Duties and Responsibilities
of the Escrow Agent.  The Escrow Agent’s duties and
responsibilities shall be subject to the following terms and
conditions:

       

      (a) The
Purchasers and the Company acknowledge and agree that the Escrow Agent (i) shall
not be required to inquire into whether the Agent, the Company or any other
party is entitled to receipt of any Document or all or any portion of the
Escrowed Payment; (ii) shall not be called upon to construe or review any
Document or any other document, instrument or agreement entered into in
connection therewith; (iii) shall be obligated only for the performance of such
duties as are specifically assumed by the Escrow Agent pursuant to this
Agreement; (iv) may rely on and shall be protected in acting or refraining from
acting upon any written notice, instruction, instrument, statement, request or
document furnished to it hereunder and believed by the Escrow Agent in good
faith to be genuine and to have been signed or presented by the proper person or
party, without being required to determine the authenticity or correctness of
any fact stated therein or the propriety or validity or the service thereof; (v)
may assume that any person purporting to give notice or make any statement or
execute any document in connection with the provisions hereof has been duly
authorized to do so; (vi) shall not be responsible for the identity, authority
or rights of any person, firm or company executing or delivering or purporting
to execute or deliver this Agreement or any Document or any funds deposited
hereunder or any endorsement thereon or assignment thereof; (vii) shall not be
under any duty to give the property held by Escrow Agent hereunder any greater
degree of care than Escrow Agent gives its own similar property; and (viii) may
consult counsel satisfactory to Escrow Agent (including, without limitation,
Loeb & Loeb LLP or such other counsel of Escrow Agent’s choosing), the
opinion of such counsel to be full and complete authorization and protection in
respect of any action taken, suffered or omitted by Escrow Agent hereunder in
good faith and in accordance with the opinion of such counsel.

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      (b) The
Purchasers and the Company acknowledge that the Escrow Agent is acting solely as
a stakeholder at their request and that the Escrow Agent shall not be liable for
any action taken by Escrow Agent in good faith and believed by Escrow Agent to
be authorized or within the rights or powers conferred upon Escrow Agent by this
Agreement.  The Purchasers and the Company hereby, jointly and
severally, indemnify and hold harmless the Escrow Agent and any of Escrow
Agent’s partners, employees, agents and representatives from and against any and
all actions taken or omitted to be taken by Escrow Agent or any of them
hereunder and any and all claims, losses, liabilities, costs, damages and
expenses suffered and/or incurred by the Escrow Agent arising in any manner
whatsoever out of the transactions contemplated by this Agreement and/or any
transaction related in any way hereto, including the fees of outside counsel and
other costs and expenses of defending itself against any claims, losses,
liabilities, costs, damages and expenses arising in any manner whatsoever out
the transactions contemplated by this Agreement and/or any transaction related
in any way hereto, except for such claims, losses, liabilities, costs, damages
and expenses incurred by reason of the Escrow Agent’s gross negligence or
willful misconduct.  The Escrow Agent shall owe a duty only to the
Purchasers and the Company under this Agreement and to no other
person.

       

      (c) The
Purchasers and the Company shall jointly and severally reimburse the Escrow
Agent for its reasonable out-of-pocket expenses (including counsel fees (which
counsel may be Loeb & Loeb LLP or such other counsel of the Escrow Agent’s
choosing) incurred in connection with the performance of its duties and
responsibilities hereunder, which shall not (subject to Section 4.1(b)) exceed
$1,500.

       

      (d) The
Escrow Agent may at any time resign as Escrow Agent hereunder by giving five (5)
business days prior written notice of resignation to the Purchasers and the
Company.  Prior to the effective date of resignation as specified in
such notice, the Purchasers and Company will issue to the Escrow Agent a joint
instruction authorizing delivery of the Documents and the Escrowed Payment to a
substitute Escrow Agent selected by the Purchasers and the
Company.  If no successor Escrow Agent is named by the Purchasers and
the Company, the Escrow Agent may apply to a court of competent jurisdiction in
the State of New York for appointment of a successor Escrow Agent, and deposit
the Documents and the Escrowed Payment with the clerk of any such court, and/or
otherwise commence an interpleader or similar action for a determination of
where to deposit the same.

       

      (e) The
Escrow Agent does not have and will not have any interest in the Documents and
the Escrowed Payment, but is serving only as escrow agent, having only
possession thereof.

       

      (f) The
Escrow Agent shall not be liable for any action taken or omitted by it in good
faith and reasonably believed by it to be authorized hereby or within the rights
or powers conferred upon it hereunder, nor for action taken or omitted by it in
good faith, and in accordance with advice of counsel (which counsel may be Loeb
& Loeb LLP or such other counsel of the Escrow Agent’s choosing), and shall
not be liable for any mistake of fact or error of judgment or for any acts or
omissions of any kind except to the extent any such liability arose from its own
willful misconduct or gross negligence.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      (g) This
Agreement sets forth exclusively the duties of the Escrow Agent with respect to
any and all matters pertinent thereto and no implied duties or obligations shall
be read into this Agreement.

       

      (h) The
Escrow Agent shall be permitted to act as counsel for the Creditor Parties or
the Company, as the case may be, in any dispute as to the disposition of the
Documents and the Escrowed Payment, in any other dispute between the Creditor
Parties and the Company, whether or not the Escrow Agent is then holding the
Documents and/or the Escrowed Payment and continues to act as the Escrow Agent
hereunder.

       

      (i) The
provisions of this Section 4.1 shall survive the resignation of the Escrow Agent
or the termination of this Agreement.

       

      4.2. Dispute Resolution;
Judgments.  Resolution of disputes arising under this Agreement
shall be subject to the following terms and conditions:

       

      (a) If any
dispute shall arise with respect to the delivery, ownership, right of possession
or disposition of the Documents and/or the Escrowed Payment, or if the Escrow
Agent shall in good faith be uncertain as to its duties or rights hereunder, the
Escrow Agent shall be authorized, without liability to anyone, to (i) refrain
from taking any action other than to continue to hold the Documents and the
Escrowed Payment pending receipt of a joint instruction from the Agent and the
Company, (ii) commence an interpleader or similar action, suit or proceeding for
the resolution of any such dispute; and/or (iii) deposit the Documents and the
Escrowed Payment with any court of competent jurisdiction in the State of New
York, in which event the Escrow Agent shall give written notice thereof to the
Purchasers and the Company and shall thereupon be relieved and discharged from
all further obligations pursuant to this Agreement.  The Escrow Agent
may, but shall be under no duty to, institute or defend any legal proceedings
which relate to the Documents and the Escrowed Payment.  The Escrow
Agent shall have the right to retain counsel if it becomes involved in any
disagreement, dispute or litigation on account of this Agreement or otherwise
determines that it is necessary to consult counsel which such counsel may be
Loeb & Loeb LLP or such other counsel of the Escrow Agent’s
choosing.

       

      (b) The
Escrow Agent is hereby expressly authorized to comply with and obey any Court
Order.  In case the Escrow Agent obeys or complies with a Court Order,
the Escrow Agent shall not be liable to the Creditor Parties, the Company or any
other person, firm, company or entity by reason of such compliance.

       

      ARTICLE
V

       

      GENERAL
MATTERS

       

      5.1. Termination.  This
escrow shall terminate upon disbursement of the Escrowed Payment in accordance
with the terms of this Agreement or earlier upon the agreement in writing of the
Agent and the Company or resignation of the Escrow Agent in accordance with the
terms hereof.

       

      5.2. Notices.  All
notices, requests, demands and other communications required or permitted
hereunder shall be in writing and shall be deemed to have been duly given one
(1) day after being sent by telecopy (with copy delivered by overnight courier,
regular or certified mail):

       

      
        	
                If
      to any Company, to:

              	
                General
      Environmental Management, Inc., a Nevada corporation

                3191
      Temple Ave., Suite 250

                Pomona,
      CA 91768

                Attention:
      Chief Financial Officer

                Fax:
      909-444-9900

              

      

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      
        	
                With
      a copy to:

              	
                DeCastro,
      P.C.

                309
      Laurel Street

                San
      Diego, CA 92101

                Attention:
      Stanley Moskowitz

                Fax:
      619-702-9401

              
	 	 
	
                If
      to any Purchaser, to:

              	
                c/o
      Valens Capital Management, LLC

                335
      Madison Avenue, 10th Floor

                New
      York, New York 10017

                Attention:  Portfolio
      Services

                Fax:  212-581-5037

              
	 	 
	
                With
      a copy to:

              	
                Loeb
      & Loeb LLP

                345
      Park Avenue

                New
      York, New York 10154

                Attention:  Scott
      J. Giordano, Esq.

                Fax:  212-407-4990

              
	 	 
	
                If
      to the Escrow Agent, to:

              	
                Loeb
      & Loeb LLP

                345
      Park Avenue

                New
      York, New York 10154

                Attention:  Scott
      J. Giordano, Esq.

                Fax:  212-
      407-4990

              

      

       

      or to
such other address as any of them shall give to the others by notice made
pursuant to this Section 5.2.

       

      5.3. Interest.  The
Escrowed Payment shall not be held in an interest bearing account nor will
interest be payable in connection therewith.

       

      5.4. Assignment; Binding
Agreement.  Neither this Agreement nor any right or obligation
hereunder shall be assignable by any party without the prior written consent of
the other parties hereto.  This Agreement shall inure to the benefit
of and be binding upon the parties hereto and their respective legal
representatives, successors and assigns.

       

      5.5. Invalidity.  In
the event that any one or more of the provisions contained herein, or the
application thereof in any circumstance, is held invalid, illegal, or
unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision in every other respect and of the remaining
provisions contained herein shall not be in any way impaired thereby, it being
intended that all of the rights and privileges of the parties hereto shall be
enforceable to the fullest extent permitted by law.

       

      5.6. Counterparts/Execution.  This
Agreement may be executed in any number of counterparts and by different
signatories hereto on separate counterparts, each of which, when so executed,
shall be deemed an original, but all such counterparts shall constitute but one
and the same agreement.  This Agreement may be executed by facsimile
or electronic transmission.

       

      [Remainder
of Page Intentionally Left Blank; Signature Pages to Follow]

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

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

       

      
        
          	 	COMPANY	 
	 	 	 
	 	GENERAL ENVIRONMENTAL MANAGEMENT, INC., a
      Nevada corporation
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Timothy
      J. Koziol	 
	 	 	Name:
      Timothy J. Koziol	 
	 	 	Title:
      C.E.O.	 

        

      

      
        
          
            	 	 	 
	 	GENERAL
      ENVIRONMENTAL MANAGEMENT, INC., a Delaware
      corporation
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Timothy
      J. Koziol	 
	 	 	Name:
      Timothy J. Koziol	 
	 	 	Title:
      C.E.O.	 

          

        

        
          
            
              	 	 
	 	GENERAL
      ENVIRONMENTAL MANAGEMENT OF RANCHO CORDOVA, LLC
	 	 	 	 
	
                       

                    	
                      By:
      

                    	/s/ Brett
      M. Clark	 
	 	 	Name:
      Brett M. Clark	 
	 	 	Title:
      Member	 

            

          

          
            
              
                	 	 	 
	 	GEM
      MOBILE TREATMENT SERVICES INC.
	 	 	 	 
	
                         

                      	
                        By:
      

                      	/s/ Timothy
      J. Koziol	 
	 	 	Name:
      Timothy J. Koziol	 
	 	 	Title:
      C.E.O.	 

              

            

          

        

      

       

      
        
          
            	 	PURCHASERS:	 
	 	 	 
	 	VALENS U.S. SPV I,
      LLC
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Patrick
      Regan	 
	 	 	Name:
      Patrick Regan	 
	 	 	Title:
      Authorized Signatory	 

          

        

        
          
            
              	 	 	 
	 	VALENS OFFSHORE
      SPV II, CORP.
	 	 	 	 
	
                       

                    	
                      By:
      

                    	/s/ Patrick
      Regan	 
	 	 	Name:
      Patrick Regan	 
	 	 	Title:
      Authorized Signatory	 

            

             

          

          
            
              
                	 	ESCROW
      AGENT:
	 	 
	 	LOEB
      & LOEB LLP
	 	 	 	 
	
                         

                      	
                        By:
      

                      	/s/ Scott
      J. Giordano	 
	 	 	Name:
      Scott J. Giordano	 
	 	 	Title:
      Partner	 

              

            

            
              
                
                

              

            

          

        

      

    

     

     

    7ex10_1.htm

    
      

    

    EXHIBIT
10.1

    

    AMENDMENT
NO. 5 TO AMENDED AND RESTATED

    CREDIT
FACILITIES AGREEMENT

    

    This
AMENDMENT NO. 5 TO AMENDED AND RESTATED CREDIT FACILITIES AGREEMENT (this
“Agreement”) is entered into and effective as of April 15, 2008, by and among
(1) Pomeroy IT Solutions, Inc. (formerly known as, Pomeroy Computer Resources,
Inc., and as successor by merger with Val Tech Computer Systems, Inc.), (2)
Pomeroy Select Integration Solutions, Inc., (3) Pomeroy Staffing Solutions, LLC
(formerly, prior to conversion, Pomeroy Select Advisory Services, Inc.), (4)
Pomeroy IT Solutions Sales Company, Inc. (formerly known as, Pomeroy Computer
Resources Sales Company, Inc., and as successor by merger with TheLinc, LLC and
as successor by merger with Micrologic Business Systems of K.C., LLC), (5)
Pomeroy Computer Resources Holding Company, Inc., (6) Pomeroy Computer Resources
Operations, LLP, (7) PCR Holdings, Inc. (formerly known as, Technology
Integration Financial Services, Inc.), (8) PCR Properties, LLC (formerly, prior
to conversion, PCR Properties, Inc., and prior to such conversion, formerly
known as, T.I.F.S. Advisory Services, Inc.), (9) Alternative Resources
Corporation, a Delaware corporation (as successor by merger with Pomeroy
Acquisition Sub, Inc.), (10) ARC Service, Inc., a Delaware corporation, (11) ARC
Staffing Management LLC, a Delaware limited liability company, (12) ARC Shared
Services LLC, a Delaware limited liability company, (13) ARC Technology
Management LLC, a Delaware limited liability company, (14) ARC Solutions, Inc.,
a Delaware corporation, and (15) ARC Midholding, Inc., a Delaware corporation
(collectively and separately referred to as, “Borrower” or “Borrowers”), and GE
Commercial Distribution Finance Corporation, formerly known as Deutsche
Financial Services Corporation (“GECDF”), as Administrative Agent, and GECDF and
the Lenders.

    

    Recitals:

    

    
      	
              A.

            	
              Borrower,
      Administrative Agent and Lenders are party to that certain Amended and
      Restated Credit Facilities Agreement dated as of June 25, 2004, as amended
      by Amendment No. 1 (with Waiver) to Amended and Restated Credit Facilities
      Agreement dated as of March 31, 2006, as amended by Amendment No. 2 (with
      Waiver) to Amended and Restated Credit Facilities Agreement dated as of
      April 13, 2006, as amended by Amendment No. 3 (with Waiver) to Amended and
      Restated Credit Facilities Agreement dated as of June 23, 2006, as amended
      by Amendment No. 4 to Amended and Restated Credit Facilities Agreement
      dated as of June 25, 2007, and as further amended or modified or consented
      to from time to time (the “Loan
Agreement”).

            

    

    

    
      	
              B.

            	
              The
      Lenders and Borrower have agreed to the provisions set forth herein on the
      terms and conditions contained
herein.

            

    

    

    Agreement

    

    Therefore,
in consideration of the mutual agreements herein and other sufficient
consideration, the receipt of which is hereby acknowledged, Borrower,
Administrative Agent and the Lenders hereby agree as follows:

    

    1.           Definitions.  All
references to the “Agreement” or the “Loan Agreement” in the Loan Agreement and
in this Agreement shall be deemed to be references to the Loan Agreement as it
may be amended, restated, extended, renewed, replaced, or otherwise modified
from time to time.  Capitalized terms used and not otherwise defined
herein have the meanings given them in the Loan Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.           Effectiveness of
Agreement.  This Agreement shall become effective as of the
date first written above, but only if this Agreement has been executed by
Borrower, Administrative Agent and each of the Lenders, and only if all of the
documents listed on Exhibit A to this
Agreement have been delivered and, as applicable, executed, sealed, attested,
acknowledged, certified, or authenticated, each in form and substance
satisfactory to Administrative Agent and the Lenders, and the Fifth Amendment
Fee (as defined on Exhibit A) has been
paid in same day funds.  The Fifth Amendment Fee shall be paid pro
rata to, and shared pro rata by, each Lender.

    

    3.           Waivers for January 5, 2008
Covenants.  Borrower has
notified Administrative Agent that Borrower has violated Section 15.2 (Minimum
Tangible Net Worth) of the Loan Agreement for the January 5, 2008 computation
date, Section 15.4 (Minimum Fixed Charges) of the Loan Agreement for the January
5, 2008 computation date, and, during the Borrower’s fiscal quarter ending
January 5 ,2008, redeemed some of its Capital Securities while there was an
Existing Default in violation of Section 14.10.1 of the Loan
Agreement.  Under Section 16.1.7 of the Loan Agreement, Borrower’s
violation of Section 15.2 of the Loan Agreement, Section 15.4 of the Loan
Agreement and Section 14.10.1 of the Loan Agreement, each constitutes an Event
of Default (collectively, such violations being, the “January Events of
Default”).

    

    The
Borrower has requested that the Required Lenders waive the January Events of
Default.  The Required Lenders hereby waive the January Events of
Default.

    

    The
waivers contained in this Section 3 are specific in intent and are valid
only for the specific purpose for which they are given.  Nothing
contained herein obligates Administrative Agent or any Lender to agree to any
additional waivers of any provisions of any of the Loan Documents, including but
not limited to, Section 15.2 of the Loan Agreement, Section 15.4 of the Loan
Agreement and Section 14.10.1 of the Loan Agreement.  The waivers
contained in this Section 3 are waivers of only the January Events of Default,
and shall not operate as a waiver of Administrative Agent's or any Lenders'
right to exercise remedies resulting from (i) any other existing and/or
continuing Defaults or Events of Default whether or not of a similar nature and
whether or not Administrative Agent or any Lender is actually aware of any such
existing and/or continuing Defaults or Events of Default, or (ii) any future
Defaults or Events of Default, whether or not of a similar nature and whether or
not known to Administrative Agent or any Lender.

    

    4.           Waivers for April 5, 2008 Covenant
Defaults.  Borrower has
notified the Administrative Agent pursuant to Section 13.10 of Credit Agreement
that it has breached Section 15.2 (Minimum Net Worth) for the April 5, 2008
computation date, Section 15.3 (Maximum Net Loss After Tax) for the April 5,
2008 computation date, and Section 15.4 (Minimum Fixed Charge Coverage) for the
April 5, 2008 computation date and, during the Borrower’s fiscal quarter ending
April 5 ,2008, redeemed some of its Capital Securities while there was an
Existing Default in violation of Section 14.10.1 of the Loan
Agreement.  Under Section 16.1.7 of the Loan Agreement, Borrower’s
violation of Section 15.2 of the Loan Agreement, Section 15.3 of the Loan
Agreement, Section 15.4 of the Loan Agreement and Section 14.10.1 of the Loan
Agreement, each constitutes an Event of Default (collectively, such violations
being, the “April Events of Default”).

    

    The
Borrower has requested that the Required Lenders waive the April Events of
Default.  The Required Lenders hereby waive the April Events of
Default.

    

    The
waivers contained in this Section 4 are specific in intent and are valid only
for the specific purpose for which they are given.  Nothing contained
herein obligates Administrative Agent or any Lender to agree to any additional
waivers of any provisions of any of the Loan Documents, including but not
limited to, Section 15.2 of the Loan Agreement, Section 15.3 of the Loan
Agreement, Section 15.4 of the Loan Agreement and Section 14.10.1 of the Loan
Agreement.  The waivers contained in this Section 4 are waivers of
only the April Events of Default, and shall not operate as a waiver of
Administrative Agent's or any Lenders' right to exercise remedies resulting from
(i) any other existing and/or continuing Defaults or Events of Default whether
or not of a similar nature and whether or not Administrative Agent or any Lender
is actually aware of any such existing and/or continuing Defaults or Events of
Default, or (ii) any future Defaults or Events of Default, whether or not of a
similar nature and whether or not known to Administrative Agent or any
Lender.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    5.           Amendments.  The
Loan Agreement is hereby amended as follows:

    

    5.1.           Required
Lenders.  Section 2.5 of the Loan Agreement is deleted in its
entirety and replaced with the following:

    

    “2.5.  References to
Required Lenders.  The words “Required Lenders” means any one
or more Lenders whose shares of Lenders’ Exposure at the relevant time aggregate
at least 66.6667% (subject to the terms of Section 7.5); provided, however, if,
at any time, there shall be two or fewer Lenders, then “Required Lenders” means
all such Lenders.”

    

    5.2.           Revolving Loans Aggregate
Amount.  Section 3.1.1 of the Loan Agreement is deleted and
replaced with the following:

    

    “3.1.1.  Aggregate
Amount.  Subject to the limitations in Section 3.1.2, Section
3.6 and elsewhere herein, each Lender commits to make available to Borrower,
from the Effective Date to the Revolving Loan Maturity Date, such Lender’s
pro-rata share (as listed on Exhibit 3 hereto) of an “Aggregate Revolving Loan
Commitment” that is initially Sixty Eight Million Seven Hundred Thousand Dollars
($68,700,000), but which may decrease from time to time as provided herein,
minus the outstanding amount of the Swingline Loans and minus the outstanding
amount of the Aggregate Floorplan Loans made and outstanding Approvals granted
due to any unused portion of the Aggregate Revolving Loan Facility as provided
in Section 3.2.1, by funding such Lender’s pro-rata share of Revolving Loan
Advances made from time to time by Administrative Agent as provided
herein.  Subject to the limitations in Section 3.1.2 and elsewhere
herein, payments and prepayments that are applied to reduce the Aggregate
Revolving Loan may be reborrowed through Revolving Loan
Advances.  Each Lender’s Revolving Loan Commitment is its pro-rata
share of the Aggregate Revolving Loan Commitment.  Upon any reduction
of the Aggregate Revolving Loan Commitment permitted in this Agreement, each
Lender’s Revolving Loan Commitment will automatically reduce by such Lender’s
pro-rata share of such reduction of the Aggregate Revolving Loan
Commitment.”

    

    5.3.           Limitations on Revolving Loan
Advances.  Section 3.2.1 of the Loan Agreement is deleted and
replaced with the following:

    

    “3.2.1.  Floorplan Loan
Facility Generally.  Each Lender shall, subject to the terms
and limitations in this Section 3.2, Section 3.6, and elsewhere herein, make
available to Borrower such Lender’s pro-rata share (as listed on Exhibit 3
hereto) of an “Aggregate Floorplan Loan Facility” that is (A) Sixty Eight
Million Seven Hundred Thousand Dollars ($68,700,000) plus, if applicable, (B) at
any time, the unused portion of the Aggregate Revolving Loan Facility, by
funding such Lender’s pro-rata share thereof as provided for
herein.  Each Lender’s Floorplan Loan Facility is its pro-rata share
of the Aggregate Floorplan Loan Facility.  All Floorplan Loan Advances
and Interim Floorplan Loan Advances will be made directly to approved Vendors
and not to the Borrower.  No Floorplan Loan Advance will be made which
would result in either: (i) the sum of the Aggregate Floorplan Loan, the Interim
Floorplan Loan, and all unfunded Approvals, exceeding Total Aggregate Facility
Limit; or (ii) the Lenders’ Exposure exceeding the Total Aggregate Facility
Limit.  Subject to the terms of this Agreement, payments and
prepayments that are applied to reduce the Aggregate Floorplan Loan may be
re-borrowed through subsequent Floorplan Loan Advances, subject to the terms and
conditions of this Agreement and the Loan Documents.  The Aggregate
Floorplan Loan Facility is not a commitment to lend or advance funds but is a
discretionary facility.  From and after the date on which the
Administrative Agent has actual knowledge of an Event of Default under Section
16.1.1 or under Section 16.1.12, no further Approvals will be issued and except
with respect to existing unfunded Approvals, no further Floorplan Loan Advances
shall be made.  From and after the date on which Administrative Agent
has actual knowledge of any other Event of Default, no further Approvals will be
issued if the Administrative Agent so chooses in its discretion to no longer
issue Approvals or if the Required Lenders direct the Administrative Agent to no
longer issue Approvals, and except with respect to existing unfunded Approvals,
no further Floorplan Loan Advances shall be made.”

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    5.4.           Total Aggregate Facility
Limit.  Section 3.6 of the Loan Agreement is deleted and
replaced with the following:

    

    “3.6.  Total Aggregate
Facility Limit.  Notwithstanding the Commitments herein or
anything else contained in this Agreement or any of the other Loan Documents to
the contrary, Borrower, Administrative Agent and each Lender acknowledge and
agree that at no time shall the Aggregate Revolving Loan, the Swingline Loan,
the Aggregate Floorplan Loan, the Interim Floorplan Loan, the Letter of Credit
Exposure and all unfunded Approvals, exceed Sixty Eight Million Seven Hundred
Thousand Dollars ($68,700,000) in the aggregate (the “Total Aggregate Facility
Limit”).”

    

    5.5.           Minimum Tangible Net
Worth.  Section 15.2 of
the Loan Agreement is deleted in its entirety and replaced with the
following:

    

    “15.2.  Minimum Tangible Net
Worth.  Each Borrower covenants that Tangible Net Worth on the
last day of each fiscal quarter shall be no less than Seventy Million Dollars
($70,000,000).”

    

    5.6.           Exhibit 3.  The
existing Exhibit 3 to the Credit Agreement as set forth on Exhibit C attached
hereto is deleted and replaced with the Exhibit 3 s set forth on Exhibit D attached
hereto.

    

    5.7.           Schedule II to the Compliance
Certificate.  The existing Schedule II to the Compliance
Certificate is amended to reflect the amendment in Section 5.5
above.

    

    6.           Representations and Warranties of
Borrower.  Each Borrower hereby represents and warrants to
Administrative Agent and the Lenders that (i) such Borrower’s execution of this
Agreement has been duly authorized by all requisite action of such Borrower,
(ii) no consents are necessary from any third parties for such Borrower’s
execution, delivery or performance of this Agreement, (iii) this Agreement, the
Loan Agreement, and each of the other Loan Documents, constitute the legal,
valid and binding obligations of Borrower enforceable against Borrower in
accordance with their terms, except to the extent that the enforceability
thereof against Borrower may be limited by bankruptcy, insolvency or other laws
affecting the enforceability of creditors rights generally or by equity
principles of general application, (iv) except as disclosed on the disclosure
schedule attached to the Loan Agreement and attached hereto as Exhibit B, all of the
representations and warranties contained in Section 11 of the Loan Agreement are
true and correct with the same force and effect as if made on and as of the date
of this Agreement, and (v) after giving effect to this Agreement, there is no
Existing Default.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    7.           Customer Identification - USA PATRIOT
Act Notice.  Administrative Agent and each Lender hereby
notifies the Borrowers and each other Covered Person that, pursuant to the
requirements of the USA Patriot Act, Title III of Pub. L. 107-56, signed into
law October 26, 2001 (as amended from time to time (including any successor
statute) and together with all rules promulgated thereunder, collectively, the
“Act”), it is required to obtain, verify and record information that identifies
the Borrowers and each other Covered Person, which information includes the name
and address of the Borrowers and each other Covered Person and other information
that will allow Administrative Agent and each Lender to identify the Borrowers
and each other Covered Person in accordance with the Act.

    

    8.           Reaffirmation.  Each
Borrower hereby represents, warrants, acknowledges and confirms that (i) except
as specifically modified by the terms of this Agreement, the Loan Agreement and
the other Loan Documents remain in full force and effect as amended by this
Agreement, (ii) such Borrower has no defense to its obligations under the Loan
Agreement and the other Loan Documents, and the Loan Obligations are due and
owing to the Administrative Agent and the Lenders without setoff or
counterclaim, (iii) the Security Interests of the Administrative Agent (held for
the ratable benefit of the Lenders) under the Security Documents secure all the
Loan Obligations, are reaffirmed in all respects, continue in full force and
effect, have the same priority as before this Agreement, and are not impaired or
extinguished in any respect by this Agreement, and (iv) such Borrower has no
claim against Administrative Agent or any Lender arising from or in connection
with the Loan Agreement or the other Loan Documents and any such claim is hereby
irrevocably waived and released and discharged forever.  Until the
Loan Obligations are paid in full in cash and all obligations and liabilities of
each Borrower under this Agreement and the Loan Documents are performed and paid
in full in cash, each Borrower agrees and covenants that they are respectively
bound by the covenants and agreements set forth in the Loan Agreement, Loan
Document and in this Agreement.  The Borrowers hereby ratify and
confirm the Loan Obligations.  This Agreement does not create or
constitute, and is not, a novation of the Loan Agreement and the other Loan
Documents.

    

    9.           Release.  As a
material part of the consideration for Administrative Agent and each Lender
entering into this Agreement, each Borrower, jointly and severally, for
themselves and their officers, directors, employees and agents (collectively
“Releasor”) hereby forever releases, forever waives and forever discharges
Administrative Agent, each Lender, and Administrative Agent’s and each Lender’s
predecessors, successors, assigns, officers, managers, directors, shareholders,
employees, agents, attorneys, representatives, parent corporations,
subsidiaries, and affiliates (hereinafter all of the above collectively referred
to as “Administrative Agent and Lender Group”), jointly and severally, from any
and all claims, counterclaims, demands, damages, debts, agreements, covenants,
suits, contracts, obligations, liabilities, accounts, offsets, rights, actions,
and causes of action of any nature whatsoever, including, without limitation,
all claims, demands, and causes of action for contribution and indemnity,
whether arising at law or in equity, and whether arising under, arising in
connection with, or arising from, the Loan Agreement, and the other Loan
Documents or otherwise, whether presently possessed or possessed in the future,
whether known or unknown, whether liability be direct or indirect, liquidated or
unliquidated, whether presently accrued or to accrue hereafter, whether absolute
or contingent, foreseen or unforeseen, and whether or not heretofore asserted,
which Releasor may have or claim to, have against any of Administrative Agent
and Lender Group.

    

    10.           Governing Law.  This
Agreement has been executed and delivered in St. Louis, Missouri, and shall be
governed by and construed under the laws of the State of Missouri without giving
effect to choice or conflicts of law principles thereunder.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    11.           Section Titles.  The
section titles in this Agreement are for convenience of reference only and
shall not be construed so as to modify any provisions of this
Agreement.

    

    12.           Fees and
Expenses.  Borrower shall promptly pay to Administrative Agent
all fees, expenses and other amounts owing to Administrative Agent under the
Loan Agreement and the other Loan Documents upon demand, including, without
limitation, all reasonable fees, costs and expenses incurred by Administrative
Agent in connection with the preparation, negotiation, execution, and delivery
of this Agreement.

    

    13.           Counterparts; Facsimile
Transmissions.  This Agreement may be executed in one or more
counterparts and on separate counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument.  Signatures to this Agreement may be given by facsimile or
other electronic transmission, and such signatures shall be fully binding on the
party sending the same.

    

    14.           Incorporation By
Reference.  Administrative Agent, the Required Lenders and
Borrower hereby agree that all of the terms of the Loan Documents are
incorporated in and made a part of this Agreement by this
reference.  This Agreement is a Loan Document.

    

    15.           Notice—Insurance.  The
following notice is given pursuant to Section 427.120 of the Missouri Revised
Statutes; nothing contained in such notice shall be deemed to limit or modify
the terms of the Loan Documents:

    

    UNLESS
YOU PROVIDE EVIDENCE OF THE INSURANCE COVERAGE REQUIRED BY YOUR AGREEMENT WITH
US, WE MAY PURCHASE INSURANCE AT YOUR EXPENSE TO PROTECT OUR INTERESTS IN YOUR
COLLATERAL.  THIS INSURANCE MAY, BUT NEED NOT, PROTECT YOUR
INTERESTS.  THE COVERAGE THAT WE PURCHASE MAY NOT PAY ANY CLAIM THAT
YOU MAKE OR ANY CLAIM THAT IS MADE AGAINST YOU IN CONNECTION WITH THE
COLLATERAL.  YOU MAY LATER CANCEL ANY INSURANCE PURCHASED BY US, BUT
ONLY AFTER PROVIDING EVIDENCE THAT YOU HAVE OBTAINED INSURANCE AS REQUIRED BY
OUR AGREEMENT.  IF WE PURCHASE INSURANCE FOR THE COLLATERAL, YOU WILL
BE RESPONSIBLE FOR THE COSTS OF THAT INSURANCE, INCLUDING THE INSURANCE PREMIUM,
INTEREST AND ANY OTHER CHARGES WE MAY IMPOSE IN CONNECTION WITH THE PLACEMENT OF
THE INSURANCE, UNTIL THE EFFECTIVE DATE OF THE CANCELLATION OR EXPIRATION OF THE
INSURANCE.  THE COSTS OF THE INSURANCE MAY BE ADDED TO YOUR TOTAL
OUTSTANDING BALANCE OR OBLIGATION.  THE COSTS OF THE INSURANCE MAY BE
MORE THAN THE COST OF INSURANCE YOU MAY BE ABLE TO OBTAIN ON YOUR
OWN.

    

    16.           Notice—Oral Commitments Not
Enforceable.  The following notice is given pursuant to
Sections 432.045 and 432.047 of the Missouri Revised Statutes; nothing contained
in such notice shall be deemed to limit or modify the terms of the Loan
Documents:

    

    ORAL
AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM
ENFORCING REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT
ARE NOT ENFORCEABLE, REGARDLESS OF THE LEGAL THEORY UPON WHICH IT IS BASED THAT
IS IN ANY WAY RELATED TO THE CREDIT AGREEMENT. TO PROTECT YOU (BORROWER(S)) AND
US (CREDITOR) FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE REACH
COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE COMPLETE AND
EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN
WRITING TO MODIFY IT.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    {remainder
of page intentionally left blank; signature pages follow}

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, this Agreement has been duly executed as of the date first
above written.

    

    
      	
              POMEROY
      IT SOLUTIONS, INC.

            
	
              (formerly
      known as, Pomeroy Computer Resources, Inc.,

            
	
              as
      successor by merger with Val Tech Computer Systems,
  Inc.)

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              POMEROY
      SELECT INTEGRATION SOLUTIONS, INC.

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              POMEROY
      SELECT ADVISORY SERVICES, LLC

            
	
              (formerly,
      prior to conversion, Pomeroy Select Advisory Services,
    Inc.)

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              POMEROY
      IT SOLUTIONS SALES COMPANY, INC.

            
	
              (formerly
      known as, Pomeroy Computer Resources Sales Company,
  Inc.,

            
	
              and
      as successor by merger with TheLinc, LLC and as successor by merger with
      Micrologic Business Systems of K.C., LLC)

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              POMEROY
      COMPUTER RESOURCES HOLDING COMPANY, INC.

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      

    

    

    

    {remainder
of page intentionally left blank; signatures continue}

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    
      	
              POMEROY
      COMPUTER RESOURCES OPERATIONS, LLP

            
	 
      	 
      	 
      
	
              By:
      Pomeroy Computer Resources, Inc., its partner

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              PCR
      HOLDINGS, INC.

            
	
              (formerly
      known as, Technology Integration Financial Services,
  Inc.)

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              PCR
      PROPERTIES, LLC

            
	
              (formerly,
      prior to conversion, PCR Properties, Inc.,

            
	
              and
      prior to such conversion, formerly known as, T.I.F.S. Advisory Services,
      Inc.)

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              ALTERNATIVE
      RESOURCES CORPORATION

            
	
              (as
      successor by merger with Pomeroy Acquisition Sub, Inc.)

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              ARC
      SERVICE, INC.

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      

    

    

    

    {remainder
of page intentionally left blank; signatures continue}

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    
      	
              ARC
      STAFFING MANAGEMENT LLC

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              ARC
      SHARED SERVICES LLC

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              ARC
      TECHNOLOGY MANAGEMENT LLC

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              ARC
      SOLUTIONS, INC.

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              ARC
      MIDHOLDING, INC.

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      

    

    

    

    {remainder
of page intentionally left blank; signatures continue}

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    

    
      	
              GE
      COMMERCIAL DISTRIBUTION FINANCE CORPORATION,

            
	
               formerly
      known as Deutsche Financial Services Corporation,

            
	
               as
      Administrative Agent and as a Lender

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              NATIONAL CITY BANK, as a
      Lender

            
	 
      	 
      	 
      
	
              By:

            	 
      	 
      
	
              Name:

            	 
      	 
      
	
              Title:

            	 
      	 
      

    

    

    

    {end
of signatures}

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    Exhibit
A

    

    Documents and
Requirements

    

    

    
      	
              1.

            	
              Amendment
      No. 5 to Amended and Restated Credit Facilities Agreement executed by
      Borrower and each Lender.

            

    

    

    
      	
              2.

            	
              Receipt
      of a fully-executed Master Assignment and Acceptance
      Agreement.

            

    

    

    
      	
              3.

            	
              Secretary’s
      Certificate (certifying resolutions) for each of the
      following:

            

    

    

    
      	
               
      

            	
              a)

            	
              Pomeroy
      IT Solutions, Inc. (formerly known as, Pomeroy Computer Resources, Inc.,
      and as successor by merger with Val Tech Computer Systems,
      Inc.),

            

    

    
      	
               
      

            	
              b)

            	
              Pomeroy
      Select Integration Solutions, Inc.,

            

    

    
      	
               
      

            	
              c)

            	
              Pomeroy
      IT Solutions Sales Company, Inc. (formerly known as, Pomeroy Computer
      Resources Sales Company, Inc., and as successor by merger with TheLinc,
      LLC and as successor by merger with Micrologic Business Systems of K.C.,
      LLC),

            

    

    
      	
               
      

            	
              d)

            	
              Pomeroy
      Computer Resources Holding Company,
Inc.,

            

    

    
      	
               
      

            	
              e)

            	
              PCR
      Holdings, Inc. (formerly known as, Technology Integration Financial
      Services, Inc.),

            

    

    
      	
               
      

            	
              f)

            	
              Alternative
      Resources Corporation, a Delaware corporation (as successor by merger with
      Pomeroy Acquisition Sub, Inc.),

            

    

    
      	
               
      

            	
              g)

            	
              ARC
      Service, Inc., a Delaware
corporation,

            

    

    
      	
               
      

            	
              h)

            	
              ARC
      Solutions, Inc., a Delaware corporation,
and

            

    

    
      	
               
      

            	
              i)

            	
              ARC
      Midholding, Inc., a Delaware
corporation

            

    

    

    
      	
              4.

            	
              Secretary’s
      Certificate (certifying resolutions) for Pomeroy Computer Resources
      Operations, LLP

            

    

    

    
      	
              5.

            	
              Member’s
      Certificate (certifying resolutions)
for:

            

    

    
      	
               
      

            	
              a)

            	
              ARC
      Staffing Management LLC, a Delaware limited liability
    company,

            

    

    
      	
               
      

            	
              b)

            	
              ARC
      Shared Services LLC, a Delaware limited liability
  company,

            

    

    
      	
               
      

            	
              c)

            	
              ARC
      Technology Management LLC, a Delaware limited liability
      company,

            

    

    
      	
               
      

            	
              d)

            	
              Pomeroy
      Staffing Solutions, LLC (formerly, prior to conversion, Pomeroy Select
      Advisory Services, Inc., and after conversion, formerly Pomeroy Select
      Advisory Services, LLC), and

            

    

    
      	
               
      

            	
              e)

            	
              PCR
      Properties, LLC (formerly, prior to conversion, PCR Properties, Inc., and
      prior to such conversion, formerly known as, T.I.F.S. Advisory Services,
      Inc.).

            

    

    

    
      	
              6.

            	
              Payment
      of $50,000 (the “Fifth Amendment
Fee”).

            

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    

    Exhibit
B

    

    Supplemental Disclosure
Schedule

    

    

    NONE

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    Exhibit
C

    

    EXHIBIT
3

    

    LENDERS’
COMMITMENTS AND PRO-RATA SHARES

    PRIOR
TO THE EFFECTIVENESS OF THIS AGREEMENT

    

    Subject to the Total
Aggregate Facility Limit

    

    

    
      	
              LENDER

            	 	
              TOTALS

            	 	 	
              REVOLVING
      LOAN COMMIT-MENT

            	 	 	
              FLOORPLAN
      LOAN FACILITY

            	 	 	
              PRO-RATA

              SHARES

            	 
	
              GE
      Commercial Distribution Finance Corporation

            	 	$	81,300,000.00	 	 	$	65,040,000.00	 	 	$	65,040,000.00	 	 	 	81.300000	%
	
              National
      City Bank

            	 	$	18,700,000.00
    	 	 	$	14,960,000.00
    	 	 	$	14,960,000.00	 	 	 	18.700000	%
	
              AGGREGATES

            	 	$	100,000,000.00	 	 	$	80,000,000.00	 	 	$	80,000,000.00	 	 	 	100.000000	%

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    Exhibit
D

    

    

    EXHIBIT
3

    

    LENDERS’
COMMITMENTS AND PRO-RATA SHARES

    FROM
AND AFTER THE EFFECTIVENESS OF THIS AGREEMENT

    

    

    Subject to the Total
Aggregate Facility Limit

    

    

    
      	
              LENDER

            	 	
              TOTALS

            	 	 	
              REVOLVING
      LOAN COMMIT-MENT

            	 	 	
              FLOORPLAN
      LOAN FACILITY

            	 	 	
              PRO-RATA

              SHARES

            	 
	
              GE
      Commercial Distribution Finance Corporation

            	 	$	50,000,000.00	 	 	$	50,000,000.00	 	 	$	50,000,000.00	 	 	 	72.7803	%
	
              National
      City Bank

            	 	$	18,700,000.00
    	 	 	$	18,700,000.00	 	 	$	18,700,000.00	 	 	 	27.2197	%
	
              AGGREGATES

            	 	$	68,700,000.00	 	 	$	68,700,000.00	 	 	$	68,700,000.00	 	 	 	100.00000	%

    

     

     

    15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]