Document:

EX-10.138

Exhibit 10.138

CONSENT AGREEMENT

Reference is made to those certain Subordinated Secured Promissory Notes, dated January 31, 2005 in
favor of each of the undersigned (as amended, the “Subordinated Notes”), pursuant to which Halo
Technology Holdings, Inc., a Nevada corporation formerly known as Warp Technology Holdings, Inc.
(“Halo” or the “Company”) has agreed to pay to each of the undersigned the amount set forth
opposite the signature for each of the undersigned.

In connection with those certain Subscription Agreements (collectively, the “Subscription
Agreement”), being entered into as early as the date hereof and on subsequent dates, between the
Investors named therein and Halo, the undersigned and Halo hereby agree as follows:

	 	1.	 	Subject to Section 3 hereof, The undersigned consent to Halo’s offering (the
“Offering”) of Notes (as defined in the Subscription Agreement) in the aggregate principal
amount of up to $5,000,000 (or such higher amount as may be agreed to by the Company, but
in no event more than a maximum of $6,000,000), and in connection therewith the issuance
of the Notes and the Warrants (as defined in the Subscription Agreement), and such
additional warrants (the “Additional Warrants”) and other covenants and consideration, all
pursuant to the terms of the Subscription Agreement substantially in the form attached
hereto as Exhibit A, the Term Sheet substantially in the form attached hereto as Exhibit B
(the “Term Sheet”), and the letter agreement with Vision Opportunity Master Fund, Ltd.
(the “Vision Agreement”) substantially in the form attached hereto as Exhibit C.

	 	2.	 	Subject to Section 3 hereof, without limiting the foregoing, the undersigned consent
to the issuance of a promissory note in the principal amount of $1,250,000 to Vision (the
“Vision Note”) in exchange for Vision’s transfer of 1,000,000 shares of Halo common stock
to Halo, such note to have the same terms as, and to be considered as, a Note issued under
the Subscription Agreement (provided that such principal amount of such note does not
reduce the amount of the Offering).

	 	3.	 	Any Notes issued pursuant to the Subscription Agreement, and the Vision Note, shall
be subject to the holder thereof entering into a Subordination Agreement substantially in
the form attached hereto as Exhibit D, which shall provide for the subordination of such
notes to the Subordinated Notes.

	 	4.	 	The undersigned (i) consent in all respects to the transactions contemplated by the
Subscription Agreement, the Notes, the Warrants, the Term Sheet, the Additional Warrants,
the Vision Agreement, and the Vision Note (collectively, the “Transaction Documents”) (ii)
acknowledge and agree that the transactions contemplated by the Transaction Documents do
not trigger the anti-dilution provisions of the Subordinated Notes or of any warrants
issued in connection therewith, and (iii) waive any and all breaches and/or defaults of
the Company under the Subordinated Notes, the warrants issued in connection therewith or
otherwise, directly related to the Transaction Documents and the transactions contemplated
thereby. The Company represents that the transactions contemplated by the Transaction
Documents do not trigger the anti-dilution provisions of its existing Series D Preferred
Stock or its existing warrants.

	 	5.	 	In consideration hereof, the Company agrees with each of the undersigned, as follows:
(i) the “Conversion Price” set forth in the Subordinated Notes is hereby modified from
$1.00 to $0.68, and (ii) the “Warrant Price” set forth in the existing warrants held by
the undersigned is hereby modified from $1.25 to $0.68. All prices are subject to
adjustment for reverse and forward stock splits and the like. The Company has raised
$500,000 in connection with the sale of Gupta Technologies, LLC. In the event that the
Company does not raise gross proceeds from the Offering, from other debt or equity
transactions, and/or from asset sales, in an aggregate gross amount not less than
$2,500,000 on or before November 3, 2006, then: (i) the “Conversion Price” set forth in
the Subordinated Notes will be further modified from $0.68 to $0.55, and (ii) the “Warrant
Price” set forth in the existing warrants held by the undersigned will be further modified
from $0.68 to $0.55. The Company agrees to include in the Registration Statement
registering the shares issuable under the Offering such number of shares necessary to make
all of the shares underlying the Subordinated Notes and the shares underlying the existing
$1.25 warrants held by the undersigned freely tradable.

	 	6.	 	Except as expressly set forth above, all of the terms and conditions of the
Subordinated Notes shall continue in full force and effect after the execution of this
Agreement and shall not be in any way changed, modified, waived or superseded by the terms
set forth herein, including but not limited to, any other obligations the Company may have
to the undersigned under the Subordinated Notes. Any future material amendments or
material modifications to the Transaction Documents would require a separate waiver
agreement from the undersigned.

	 	7.	 	The obligations of each of the undersigned hereunder are several and not joint with
the obligations of the other undersigned party, and neither of the undersigned parties
shall be responsible in any way for the performance of the obligations of the other
hereunder to the Company.

This document may be executed by one or more of the parties on any number of separate counterparts,
and all of said counterparts taken together shall be deemed to constitute one and the same
instrument.

[The remainder of this page is blank. The signature page follows.]

1

IN WITNESS WHEREOF, the parties hereto have executed this Consent Agreement as of this      day of
     , 2006.

	 	 	 	 	 
	CRESTVIEW CAPITAL MASTER, LLC
	 	$	2,000,000	 
	By:_____________________________
Its:_____________________________
	 	 	 	 
	CAMOFI MASTER, LDC
	 	$	500,000	 
	By:_____________________________
Its:_____________________________
	 	 	 	 
	HALO TECHNOLOGY HOLDINGS, INC.
	 	 	 	 

By:     

Its:     

2EX-10.139

EXHIBIT 10.139

THIS AMENDMENT AGREEMENT No. 2 (this Amendment Agreement) is dated as of October —, 2006

BETWEEN:

	(1)	 	HALO TECHNOLOGY HOLDINGS, INC. (formerly Warp Technology Holdings, Inc.), a Nevada
corporation, as borrower (the Company); and

	(2)	 	FORTRESS CREDIT CORP., in its capacity as agent to the Lenders under the Credit Agreement
referred to below (in that capacity, the Agent).

WHEREAS:

	(A)	 	The Company, the Lenders (referred to therein) and the Agent are parties to that certain
credit agreement dated August 2, 2005, as amended by Amendment No. 1 dated as of October 26,
2005 (the Credit Agreement).

	(B)	 	This Amendment Agreement is supplemental to and amends the Credit Agreement. The Company and
the Agent have agreed that the Credit Agreement should be amended as set forth in this
Amendment Agreement.

IT IS AGREED as follows:

	1.	 	INTERPRETATION

	1.1	 	Definitions

Terms defined in the Credit Agreement (by reference or otherwise) have, unless expressly
defined in this Amendment Agreement, the same meanings in this Amendment Agreement.

	1.2	 	Construction

The provisions of Clause 1.2 (Construction) of the Credit Agreement apply to this
Amendment Agreement as though they were set out in full in this Amendment Agreement, except
that references to “this Agreement” are to be construed as references to this Amendment
Agreement.

	2.	 	EFFECT OF AMENDMENT AGREEMENT

With effect on and from the date of this Amendment Agreement, the Credit Agreement will
be amended by, and the rights and obligations of the parties thereto relating to their
future performance under the Credit Agreement will be governed by and construed in
accordance with, the Credit Agreement as amended, modified and supplemented by this
Amendment Agreement.

	3.	 	AMENDMENTS

The Credit Agreement will be amended on and from the Effective Date by deleting Schedule 15
(Financial Terms and Covenants) to the Credit Agreement and replacing it with Schedule 15
(Financial Terms and Covenants) to this Amendment Agreement.

	4.	 	REPRESENTATIONS AND WARRANTIES

	4.1	 	Representations and Warranties

The Company makes each representation and warranty set out in Clauses 4.2 (Powers and
Authority) through 4.6 (Credit Agreement) of this Amendment Agreement to each Finance Party.

	4.2	 	Powers and authority

It has the power to enter into and perform, and has taken all necessary action to
authorize the entry into and performance of this Amendment Agreement and the transactions
contemplated by this Amendment Agreement.

	4.3	 	Legal validity

	 	(a)	 	This Amendment Agreement is its legally binding, valid and enforceable
obligation.

	 	(b)	 	This Amendment Agreement is in the proper form for its enforcement in the
jurisdiction of its incorporation.

	4.4	 	Non-conflict

The entry into and performance by it of, and the transactions contemplated by, this
Amendment Agreement do not and will not:

	 	(a)	 	conflict with any law or regulation applicable to it; or

	 	(b)	 	conflict with its constitutional documents; or

	 	(c)	 	conflict with any document which is binding upon it or any of its assets or
constitute a default or termination event (however described) under any such document,
in each case to an extent or in a manner which:

	 	(i)	 	has a Material Adverse Effect;

	 	(ii)	 	could reasonably be expected to result in any liability on the
part of any Finance Party to any third party; or

	 	(iii)	 	could require the creation of any Lien over any asset in favor
of a third party.

	4.5	 	Authorizations

All authorizations required by it in connection with the entry into, performance and
validity and enforceability of, and the transactions contemplated by, this Amendment
Agreement have been obtained or effected (as appropriate) and are in full force and effect.

	4.6	 	Credit Agreement

On the date of this Amendment Agreement, the representations and warranties set out in
Clauses 15.2 (Status) through 15.16 (United States laws) of the Credit Agreement:

	 	(a)	 	are true with each such representation and warranty being understood to mean
such representation and warranty as amended pursuant to Clause 3 (Amendments) of this
Amendment Agreement; and

	 	(b)	 	would also be true if references to “this Agreement” were construed as
references to the Credit Agreement as amended by this Amendment Agreement.

	4.7	 	Acknowledgment of Reliance

The Company acknowledges that it makes such representations and warranties with the
intention of persuading Agent (on behalf of the Lenders) to enter into this Amendment
Agreement and that the Agent has entered into this Amendment Agreement on the basis of, and
in full reliance on, each of such representations and warranties.

	5.	 	GOVERNING LAW, ETC.

This Amendment Agreement is governed by the laws of the State of New York. The
provisions of Clauses 36 (Governing Law) and 37 (Enforcement) of the Credit Agreement are
incorporated by reference into this Amendment Agreement as if fully set out herein, with
each reference to “this Agreement” (including in the definition of Finance Documents) being
understood to be a reference to this Amendment Agreement.

	6.	 	SEVERABILITY

If any provision of this Amendment Agreement is or becomes illegal, invalid or
unenforceable in any jurisdiction, that shall not affect:

	 	(a)	 	the legality, validity or enforceability in that jurisdiction of any other
provision of this Amendment Agreement; or

	 	(b)	 	the legality, validity or enforceability in any other jurisdiction of that or
any other provision of this Amendment Agreement.

	7.	 	COUNTERPARTS

This Amendment Agreement may be executed in any number of counterparts, and this has
the same effect as if the signatures on the counterparts were on a single copy of this
Amendment Agreement.

	8.	 	COMPLETE AGREEMENT

This Amendment Agreement, the Credit Agreement and the other Finance Documents contain
the complete agreement between the Parties on the matters to which such agreements relate
and supersede all prior commitments, agreements and understandings, whether written or oral,
with respect to those matters.

	9.	 	NATURE OF THIS AMENDMENT AGREEMENT

	 	(a)	 	By signing this Amendment Agreement, the Parties designate this Amendment
Agreement as a Finance Document.

	 	(b)	 	Except as specifically amended by this Amendment Agreement, the Credit
Agreement is and shall continue to be in full force and effect and is hereby in all
respects ratified and confirmed. The Credit Agreement and this Amendment Agreement
will be read and construed as a single document.

	10.	 	CERTAIN AGREEMENTS REGARDING FEES

The Company hereby irrevocably agrees that:

	 	(a)	 	It shall pay the Agent for the benefit of the Lenders an amendment fee equal to
US$200,000 as consideration for entering into this Amendment Agreement. This amendment
fee shall be payable in 2 installments of $100,000 each. The first such installment of
$100,000 shall be due and payable on the date of this Amendment Agreement and the
second installment of 100,000 shall be due and payable 30 days after the date of this
Amendment Agreement.

	 	(b)	 	It shall promptly pay all reasonable costs and expenses of Allen & Overy LLP,
counsel to the Agent, incurred in connection with this Amendment Agreement.

	11.	 	ADDITIONAL AGREEMENTS

The Company and the Agent hereby agree that the subordination agreement entered into on
about the date hereof by and among the Company, Vision Opportunity Master Fund, Ltd., the
Agent and others shall be deemed to be a Finance Document.

The undersigned, intending to be legally bound, have executed and delivered this Amendment
Agreement on the date stated at the beginning of this Amendment Agreement.

	12.	 	RELEASE

The Borrower on behalf of itself, their Subsidiaries and Affiliates hereby acknowledge
effective upon the date of this Amendment Agreement, that the Borrower and their
Subsidiaries and Affiliates, have no defense, counterclaim, offset, cross-complaint, claim
or demand of any kind or nature whatsoever that can be asserted to reduce or eliminate all
or any part of any Obligor’s liability to repay all amounts due and owing under the Credit
Agreement or to seek affirmative relief or damages of any kind or nature from the Agent, any
Lender or any of their past and present officers, directors, servants, agents, attorneys,
assigns, heirs, parents, subsidiaries, or any other Person acting for or on behalf of any of
them. The Borrowers and their Subsidiaries and Affiliates, all their successors, assigns,
Subsidiaries and Affiliates and any Person acting for or on behalf of, or claiming through
them, hereby fully, finally and forever release and discharge the Agent and the Lenders and
all of the Agent’s and Lenders’ past and present officers, directors, servants, agents,
attorneys, assigns, heirs, parents, subsidiaries, and each Person acting for or on behalf of
any of them (collectively, the “Released Parties”) of and from any and all past,
present and future actions, causes of action, demands, suits, claims, liabilities, Liens,
lawsuits, adverse consequences, amounts paid in settlement, costs, damages, debts,
deficiencies, diminution in value, disbursements, expenses, losses and other obligations of
any kind or nature whatsoever, whether in law, equity or otherwise (including without
limitation those arising under 11 U.S.C. §§ 541-550 and interest or other carrying costs,
penalties, legal, accounting and other professional fees and expenses, and incidental,
consequential and punitive damages payable to third parties), whether known or unknown,
fixed or contingent, direct, indirect, or derivative, asserted or unasserted, foreseen or
unforeseen, suspected or unsuspected, now existing, heretofore existing or which may
heretofore accrue against any of the Released Parties, whether held in a personal or
representative capacity, and which are based on any act, fact, event or omission or other
matter, cause or thing occurring at or from any time prior to and including the date hereof
in any way, directly or indirectly arising out of, connected with or relating to the Credit
Agreement and the transactions contemplated thereby, and all other agreements, certificates,
instruments and other documents and statements (whether written or oral) related to any of
the foregoing.

Signatories

Company

HALO TECHNOLOGY HOLDINGS, INC.

By:      

Name:

Title:

Agent

FORTRESS CREDIT CORP., as Agent for and on behalf of the Finance Parties

By:

Name:

Title:

ACKNOWLEDGEMENTS

By signing this acknowledgement, we acknowledge and agree to this Amendment Agreement.

	 
	 

	 

	 

	DAVID CORPORATION

By:     

Name:

	Title:

	 

	 

	 

	GUPTA TECHNOLOGIES, LLC

By:     

Name:

	Title:

	 

	 

	 

	GUPTA TECHNOLOGIES GMBH

By:     

Name:

	Title:

	 

	 

	 

	GUPTA TECHNOLOGIES LTD.

By:     

Name:

	Title:

	 

	 

	 

	PROCESS SOFTWARE, INC.

By:     

Name:

	Title:

	 

	 

	 

	PROFITKEY INTERNATIONAL, LLC

By:     

Name:

	Title:

	 

	 

	 

	TAC/HALO, LLC

By:     

Name:

	Title:

	 

	 

	 

	WARP SOLUTIONS, INC.

By:     

Name:

	Title:

	 

	 

	 

	WARP SOLUTIONS, LTD.

By:     

Name:

	Title:

	 

	 

	 

	6043577 CANADA, INC.

By:     

Name:

	Title:

	 

	 

	 

	SPIDER SOFTWARE, INC.

By:     

Name:

	Title:

	 

	 

	 

	TENEBRIL, INC.

By:     

Name:

	Title:

	 

	 

	 

	KENOSIA CORPORATION

By:     

Name:

	Title:

	 

	 

	 

	REVCAST, LLC

By:     

Name:

	Title:

	 

	 

	 

	EMPAGIO, INC.

By:     

Name:

	Title:

SCHEDULE 15

FINANCIAL TERMS AND COVENANTS

PART 1

FINANCIAL TERMS

Capital Expenditures means, for any period, expenditures (including the aggregate amount of
Capital Lease Obligations incurred during that period) made by the Company or any of its
Subsidiaries to acquire or construct fixed assets, plant and equipment (including renewals,
improvements and replacements, but excluding repairs) during that period computed in accordance
with GAAP.

Cash Interest Coverage Ratio means the ratio of:

	 	(a)	 	aggregate EBITDA for each of Gupta, Gupta Technologies Ltd., Gupta Technologies
GmbH, Gupta Technologies, S.A. de C.V., Kenosia Corporation, David Corporation, Process
Software, LLC, ProfitKey International, LLC, TAC/Halo, LLC, Warp Solutions, Inc., Warp
Solutions, Ltd., 6043577 Canada, Inc., Spider Software, Inc., Tenebril, Inc., Revcast
LLC and Empagio, Inc. for the most recently ended period of four fiscal quarters to:

	 	(b)	 	Cash Interest Expense for that period.

Cash Interest Expense means for any period, the Interest Expense that is paid in cash during
such period.

Consolidated EBITDA for any period means the consolidated EBITDA of the Group for such period.

Consolidated Total Debt at any time means the aggregate of all regularly scheduled payments or
prepayments of principal of Indebtedness (including the principal component of any payments in
respect of Capital Lease Obligations) at that time.

Debt Service means, for any person for any period, the sum of the following:

	 	(a)	 	all regularly scheduled payments or prepayments of principal of Indebtedness
(including the principal component of any payments in respect of Capital Lease
Obligations) made during that period; plus:

	 	(b)	 	all Interest Expense for that period.

Depreciation and Amortization of any person for any period means depreciation and amortization of
that person for that period as determined in accordance with applicable accounting principles.

EBITDA of any person for any period means the earnings of such person for such period:

	 	(c)	 	before deducting Depreciation and Amortization;

	 	(d)	 	before deducting corporation Tax and any deferred Tax charge and their
equivalents in any relevant jurisdiction or any other Tax or incomes or gains;

	 	(e)	 	before taking into account any Interest Expense, whether payable or receivable;

	 	(f)	 	before taking into account the effect of any exceptional or extraordinary item;

	 	(g)	 	after deducting any gain over book value and after adding back any loss on book
value arising on the revaluation, sale, lease or other disposal of any asset (other
than on the sale of assets in the ordinary course of business) during such period;

	 	(h)	 	after excluding any amount attributable to minority interests that are not part
of the Group;

	 	(i)	 	after excluding any unrealized gains or losses due to movements in exchange
rates occurring during such period;

	 	(j)	 	after adding back any insurance proceeds in respect of any claim for loss of
profit or business interruption or third party liability;

	 	(k)	 	after excluding any future payments relating to stock based compensation; and

	 	(l)	 	after adding back the effect of accounting adjustments (if any) related to the
writedown of deferred revenue in connection with the acquisition of such person.

Excess Cash Flow means, for any period, the EBITDA of each member of the Group for such period less
Cash Interest Expense for such period, Capital Expenditures for such period, Taxes paid in cash
during such period and regularly scheduled repayments of principal made during such period;
provided however, that at all times the Company shall be allowed to retain a minimum of $7,500,000
of cash for operating purposes, as it relates to the consolidated operating expenses on the
Company’s profit and loss statement.

Fixed Charge Covenant Ratio means the ratio of:

	 	(m)	 	aggregate EBITDA for each of Gupta, Gupta Technologies Ltd., Gupta Technologies
GmbH, Gupta Technologies, S.A. de C.V., Kenosia Corporation, David Corporation, Process
Software, LLC, ProfitKey International, LLC, TAC/Halo, LLC, Warp Solutions, Inc., Warp
Solutions, Ltd., 6043577 Canada, Inc., Spider Software, Inc., Tenebril, Inc., Revcast
LLC and Empagio, Inc. for the most recently ended period of four consecutive fiscal
quarters, less corporate income Tax and Capital Expenditures for the same period, to:

	 	(n)	 	Cash Interest Expense plus scheduled amortization for the most recently ended
period of four consecutive fiscal quarters.

Interest Expense means for any period, the sum, for the Company and its Subsidiaries
(determined on a consolidated basis, without duplication, in accordance with GAAP) of the
following:

	 	(o)	 	all interest on respect of Indebtedness (including the interest component of
any payments in respect of Capital Lease Obligations) accrued or capitalized during
that period (whether or not actually paid during that period); plus

	 	(p)	 	the net amount payable (or minus the net amount receivable) under Hedging
Agreements relating to interest during that period (whether or not actually paid or
received during that period); plus

	 	(q)	 	prepayment penalties or premiums incurred in repaying or prepaying any
Indebtedness; plus

	 	(r)	 	discount fees and acceptance fees payable or deducted in respect of any
Indebtedness, including fees payable in respect of letters of credit and guarantees.

Total Debt to EBITDA Ratio means the ratio of:

	 	(s)	 	Consolidated Total Debt to

	 	(t)	 	aggregate EBITDA for each of Gupta, Gupta Technologies Ltd., Gupta Technologies
GmbH, Gupta Technologies, S.A. de C.V., Kenosia Corporation, David Corporation, Process
Software, LLC, ProfitKey International, LLC, TAC/Halo, LLC, Warp Solutions, Inc., Warp
Solutions, Ltd., 6043577 Canada, Inc., Spider Software, Inc., Tenebril, Inc., Revcast
LLC and Empagio, Inc. for the most recently ended period of four consecutive fiscal
quarters.

PART 2

FINANCIAL COVENANTS

TOTAL DEBT TO EBITDA RATIO

The Company will not permit the Total Debt to EBITDA Ratio to exceed (a) 3.4 to 1 during the
period from the April 1, 2006 to, and including, June 30, 2006, (b) 4.0 to 1 during the period from
July 1, 2006 to, and including, September 30, 2006, (c) 4.0 to 1 during the period from October 1,
2006 to, and including, December 31, 2006, (d) 1.5 to 1 during the period from January 1, 2007 to,
and including, March 31, 2007, (e) 1.5 to 1 during the period from April 1, 2007 to, and including,
June 30, 2007 and (f) 1.5 to 1 during the period from July 1, 2007 to, and including, September 30,
2007.

Cash Interest Coverage Ratio

The Company will not permit its Cash Interest Coverage Ratio to fall below (a) 3.5 to 1 during
the period from the April 1, 2006 to, and including, June 30, 2006, (b) 2.6 to 1 during the period
from July 1, 2006 to, and including, September 30, 2006, (c) 2.0 to 1 during the period from
October 1, 2006 to, and including, December 31, 2006, (d) 1.7 to 1 during the period from January
1, 2007 to, and including, March 31, 2007, (e) 2.2 to 1 during the period from April 1, 2007 to,
and including, June 30, 2007 and (f) 3.0 to 1 during the period from July 1, 2007 to, and
including, September 30, 2007.

Fixed Charge Covenant Ratio

The Company will not permit the Fixed Charge Covenant Ratio to fall below (a) 3.2 to 1 during
the period from the April 1, 2006 to, and including, June 30, 2006, (b) 1.9 to 1 during the period
from July 1, 2006 to, and including, September 30, 2006, (c) 1.3 to 1 during the period from
October 1, 2006 to, and including, December 31, 2006 (d) 1.0 to 1 during the period from January 1,
2007 to, and including, March 31, 2007, (e) 1.0 to 1 during the period from April 1, 2007 to, and
including, June 30, 2007 and (f) 1.0 to 1 during the period from July 1, 2007 to, and including,
September 30, 2007.

Capital Expenditures

The Company will not permit the aggregate amount of Capital Expenditures by the Group during
any twelve month period to exceed US$300,000.

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