Document:

AMENDED
      AND RESTATED

    ACCOUNTS
      RECEIVABLE PURCHASE AND SECURITY AGREEMENT

     

    THIS
      AMENDED AND RESTATED ACCOUNTS RECEIVABLE PURCHASE AND SECURITY AGREEMENT (this
      “Agreement”) is made and entered into as of the 24 day of
      February, 2006 (the “Effective Date”), by and between PLATINUM
      IT CONSULTING, INC., a corporation organized and existing under the laws of
      the
      State of Delaware (referred to throughout this Agreement as “you” ), and
      ROCKLAND CREDIT FINANCE LLC, a Maryland limited liability company (referred
      to
      throughout this Agreement as “we”
      or 
      “us”).

     

    BACKGROUND

     

    On
      or
      about August 24, 2004, you entered into an Accounts Receivable Purchase and
      Security Agreement (as amended, the “Existing Agreement”) with Capital Growth
      Asset Based Bridge Loan Fund II, LLC (“Capital Growth”) setting forth the terms
      of a factoring arrangement between you and Capital Growth. Pursuant to an
      Assignment and Assumption Agreement dated December__, 2005, between us and
      Capital Growth, we purchased from Capital Growth and Capital Growth sold and
      assigned to us all of Capital Growth’s right, title and interest under the
      Existing Agreement, including but not limited to all then outstanding accounts
      receivable theretofore sold by you and purchased by Capital Growth pursuant
      to
      such factoring arrangement. You have requested an extension of the factoring
      arrangement and we are willing to grant such extension upon the amended and
      restated terms set forth below.

     

    NOW,
      THEREFORE, for good and valuable consideration, the receipt and sufficiency
      of
      which are hereby acknowledged, the Existing Agreement is hereby amended and
      restated in its entirety as follows:

     

    1.
       PURCHASE
      AND SALE OF ACCOUNTS RECEIVABLE

     

    1.1.
      Scope of Agreement. This Agreement contains the general terms and
      conditions under which, from time to time during the Term, you may offer and
      sell to us and we may accept and purchase from you in our sole and absolute
      discretion certain of your Accounts specifically identified to this Agreement
      pursuant to Paragraph 1.2. As used herein, the term “Accounts”
means, collectively, accounts, contract rights and other
      forms of obligation
      arising in the ordinary course of business from the sale or lease of goods
      or
      rendition of services.

     

    1.2.
      Implementation. Each purchase and sale of Accounts hereunder shall be
      evidenced by our mutual execution of an Assignment and Transfer of Accounts
      Receivable substantially in the form of Exhibit A (each an
“Assignment”). (An Account identified in a duly executed
      Assignment, including the rights appurtenant thereto pursuant to Paragraph
      1.3,
      is hereinafter called an “Assigned Account.”) Each purchase of
      Accounts shall be subject to all of the terms and conditions of this Agreement,
      which terms and conditions shall be deemed incorporated by reference into each
      Assignment. An Account shall be deemed accepted by us upon and only upon our
      execution and delivery to you of the applicable Assignment. In connection with
      evaluating Accounts proposed for factoring hereunder, we reserve the right
      to
      conduct such due diligence and verifications and to impose such related
      requirements as we may reasonably determine, including but not limited to
      investigating the credit rating and/or credit history of the customer obligated
      on the Account and requiring an enforceable written contract between you and
      such customer upon terms acceptable to us.

     

    1.3.
      Effect of Assignment. Without the necessity for further action, each
      Assignment shall automatically vest in us all of your right, title and interest
      in and to the Assigned Accounts together with (a) full power to collect, sue
      for, compromise, assign, in whole or in part, or in any other manner enforce
      collection thereof in our name or otherwise, (b) any notes or drafts related
      thereto, (c) the contracts under which such Accounts arose, (d) your books
      and
      records relating thereto, whether written or recorded electronically on
      computer-readable discs or any other digital or machine-readable form or medium
      (“Account Records”), (e) any returned, rejected or repossessed
      goods (if any) giving rise to such Accounts, (f) your rights as an unpaid vendor
      or lienor, (g) all rights of stoppage in transit, replevin, repossession and
      reclamation, (h) all deposits and security therefor and guarantees thereof,
      (i)
      all rights to insurance proceeds resulting therefrom, and (j) all payments
      or
      other proceeds of the foregoing in any form (all of the foregoing being included
      in the term “Assigned Accounts”). Nothing contained in this Agreement or any
      Assignment shall be deemed to constitute an assumption by us of any liability
      with respect to or impose any duty or obligation upon us in favor of any Account
      Debtor or any other third party in connection with the Accounts.

     

    1.4.
      Account Documentation. Upon acceptance by us of any Assignment, you will
      deliver to us: (a) copies of all documents evidencing the Accounts listed
      thereon and (b) such other documentation as we require, in form satisfactory
      to
      us in all respects.

     

    1.5.
      Exclusivity. During the Term of this Agreement, you will not sell,
      factor, assign, or pledge any of your Accounts except to us or for our benefit
      under this Agreement, nor will you obtain or utilize any third-party line of
      credit except as we may otherwise agree in writing in our sole and absolute
      discretion.

     

    2.
       FEES
      AND
      PAYMEMT

     

    2.1.
      Purchase Price. The purchase price for each Assigned Account purchased by
      us on or after the Effective Date shall be the net face value of the Account
      less the applicable Discount Fee (the “Purchase Price”),
      subject to the adjustments provided in Paragraph 2.3.

     

    2.2.
      Discount Fee. As used herein, with respect to any Assigned Account,
“Discount Fee” means a percentage of the gross amount of the
      applicable Advance Payment based on the number of days elapsing from and
      including the date of our acceptance of the Account to and including the date
      on
      which we shall have collected the Account in full in good funds, all as set
      forth more particularly in the table immediately below, provided that in no
      event shall the Discount Fee be less than twenty-five dollars
      ($25.00)

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
              Days
                Elapsed

            	 	
              Discount
                Fee

            
	 	 	 
	
              1-30

            	 	
              1.4%

            
	
              Over
                30

            	 	
              0.70
                % for each period of 15 days or any portion
                thereof

            

    

     

    2.3.
       Payment.

     

    2.3.1.
      Upon our acceptance of each Assigned Account, we will pay to you on account
      of
      the Purchase Price an amount equal to the applicable Advance Rate multiplied
      by
      the net face value of such Account (the “Advance Payment”);
      provided, however, that at our election and upon notice to you at any time
      after
      the occurrence of an Event of Default, the Advance Rate shall be reduced by
      thirty percent (30%) (or such lesser percentage as we in our sole and absolute
      discretion may determine) for any or all subsequent Assignments or individual
      Assigned Accounts. As used herein, the term “Advance Rate”
means (i) fifty percent (50%) with respect to any Assigned
      Account owing by OCE
      Business Systems, Inc., (ii) seventy percent (70%) with respect to Assigned
      Accounts arising out of permanent employee placements, and (iii) eighty-five
      percent (85%) with respect to all other Assigned Accounts. With respect to
      any
      Assigned Account, on or before the fifth business day following the date on
      which we have collected such Account in full in good funds, we will pay to
      you
      the balance of the Purchase Price for such Account, if any, minus all returns,
      credits, allowances and discounts on the shortest or, at our option, on any
      alternative terms of sale offered by you to Account Debtors, and all other
      unpaid sums, liabilities, and Obligations with respect to such Account charged
      or chargeable to your account under Section 3 or otherwise under this Agreement
      (“Chargebacks”).

     

    2.3.2.
      Upon our receipt of any payment with respect to an Account other than an
      Assigned Account, so long as you are not in default of any your Obligations
      hereunder, we shall remit such payment to you or, at your request, apply such
      payment as you may direct, subject to any then outstanding Chargebacks.
      Remittances required by this subparagraph 2.3.2 will be paid to you weekly
      except as otherwise directed by you.

     

    2.3.3.
      With respect to any Assigned Account, if due to the passage of time the excess
      of the net face value of the Account over our Advance Payment is less than
      the
      accrued Discount Fee: (a) the Purchase Price of such Account shall deemed to
      be
      the amount of the Advance Payment and you shall be entitled to no further
      payment in respect thereof; and (b) you shall be liable to us for the amount
      of
      such deficiency as the same may accrue until collection.

     

    2.4.
      Minimum Volume fee. Any provision of this Agreement to the contrary
      notwithstanding, if as of the close of any month the average monthly aggregate
      net face value of all Accounts offered by you and purchased by us during the
      three-month period then ended (fee “Actual Monthly Volume”) is
      less than One Hundred Fifty Thousand Dollars ($150,000) (the “Guaranteed
      Monthly Volume”), you will pay to us as a supplemental fee for the
      month then ended an amount (the “Minimum Volume Fee”) equal to
      the product of (i) the excess of the Guaranteed Monthly Volume over the Actual
      Monthly Volume multiplied by (ii) the Discount Fee we would have earned on
      such
      amount assuming collection within 30 days.

     

    2.5.
      Noncompliance Fees. Without limiting any of our general rights and
      remedies for breaches of this Agreement by you:

     

    2.5.1.
      If
      you fail for any reason to include the legend required by the last sentence
      of
      Subparagraph 3.1.1 on any invoice representing an Account, we may assess and
      if
      so you will pay on demand a missing notation fee in the amount of fifteen
      percent (15%) of the net face value of such Account.

     

    2.5.2.
      If
      you receive any payment on an Account and fail to comply with the provisions
      of
      Subparagraph 3.1.3, we may assess and if so you will pay on demand a misdirected
      payment fee in the amount of fifteen percent (15%) of the net face value of
      such
      Account.

     

    2.6.
      Exit Fee.  If
      you
      elect to terminate this Agreement pursuant to Subparagraph 8.2.1 and the
      effective date of termination is other than the last day of the current Term
      or
      any subsequent one-year renewal period, as the case may be, you will pay to
      us
      on or before the termination date an exit fee equal to the Discount Fees we
      would have earned each month on the Guaranteed Monthly Volume (assuming
      collection within 30 days) multiplied by the number of months remaining in
      the
      Term, duly prorated as necessary for any partial months. Such fee shall be
      in
      addition to, and not in lieu of, the Minimum Volume Fee, if any, assessable
      for
      the month in which this Agreement is terminated.

     

    2.7.
      Charge in Lieu of Payment. In our sole discretion, we may charge your
      account for all fees and other amounts you are required to pay us under this
      section.

     

    3. COLLECTION
      OF ACCOUNTS

     

    3.1.
      Collection Procedure.

     

    3.1.1.
      During the term of this Agreement and continuing until all Assigned Accounts
      and
      all of your Obligations hereunder have been paid fully paid and performed,
      you
      shall promptly (and we at our option may) notify in writing all persons
      obligated to make payments on or with respect to any Account (collectively,
      “Account Debtors”) (i) that you have granted to us a security
      interest in the Account or, if applicable, that the Account has been sold and
      that the amount due or to become due has been assigned to us, (ii) that payment
      is to be made to us (and not to you) into a designated lockbox over which we
      have exclusive dominion, control and power of access and withdrawal (a
“Lockbox”), and (iii) that all checks and other items of
      payment in respect of the Account are to be made payable to our order. You
      will
      (and we at our option may) obtain from each Account Debtor written
      acknowledgment by such Account Debtor confirming its receipt of such notice.
      On
      and after the date hereof, you shall also include such notice plainly and
      conspicuously as a legend on the face of each invoice you issue representing
      an
      Assigned Account.

     

    3.1.2.
      You hereby authorize us at our option and in our sole discretion to collect
      and
      receive payments directly from Account Debtors in our own name, If we elect
      to
      exercise this option with respect to any Account, you shall (and we at our
      option may) include in the notices required under Subparagraph 3.1.1 a further
      statement that the Account represented thereby has been sold and assigned to
      us
      and that the Account Debtor shall make all checks in respect of the Account
      payable to us or our designee.

     

    3.1.3. 
      If you receive any payment on any Account, you shall immediately remit such
      payment in the form received (with any necessary endorsement) directly to us.
      Until so remitted, you will hold such payment in trust for us separate and
      apart
      from all of your other funds.

     

    3.2.
      Power of Attorney. You hereby irrevocably constitute and appoint us, or
      any of our agents or employees, as your lawful attorney-in-fact (without
      requiring us to act as such), coupled with an interest, to exercise at any
      time any
      of
      the
      following powers: (i) to receive, endorse and deposit all payments from Account
      Debtors; (ii) to transmit to any party the notices required by Subparagraph
      3.1.1; (iii) to institute any proceedings deemed by us necessary to effect
      collection of Accounts; (iv) to settle, compromise or litigate any dispute
      concerning any Account; and (v) to execute in your name such documents,
      instruments and affidavits as we may require from time to time in order to
      evidence and perfect our security interest in the Collateral or (without waiving
      your representation in Subparagraph 5.5.5) to satisfy any statutory condition
      to
      payment of an Account under applicable law. Any act of ours as your lawful
      attorney-in-fact shall not render as liable for any acts of omission or
      commission, nor for any error of judgment or mistake of fact or
      law.

    
      
        
        

      

      
        2

        
          

        

      

       

    

     

     

    
      3.3.
        Costs and Expenses.
        You
        will reimburse us on demand for any and all fees, costs, and expenses (including
        but not limited to reasonable attorneys’ fees) incurred by us in connection with
        protecting, maintaining, preserving or enforcing your Accounts and/or our
        rights
        under this Agreement or in connection with any bankruptcy, insolvency, or
        similar proceeding involving you or your assets; making lien or title
        examinations or filing notices with respect to your Accounts; defending or
        prosecuting any action or proceeding related to this Agreement; and filing
        and
        recording financing statements (including amendments thereto and continuation
        statements thereof) and termination statements under the UCC relating to
        our
        security interest in the Collateral.

       

      3.4.
        Disputes.
        You
        will notify us promptly of any Dispute concerning an Account. If we request
        you
        to do so, you will use your best efforts to settle the Dispute. Alternatively,
        we may (but shall be under no obligation to) attempt to settle, compromise
        or
        litigate the Dispute upon such terms as we in our sole discretion deem
        advisable, for your account and risk and at your sole expense. In no event
        shall
        you shall settle, compromise or adjust any Account or grant any additional
        discounts, allowances or credits thereon without in each case our prior written
        consent. As used herein, “Dispute” means any actual or alleged
        defense, counterclaim, offset, dispute or other claim asserted by the Account
        Debtor with respect to an Account other than the Account Debtor’s Insolvency.
“Insolvency,” with respect to an Account Debtor means the
        financial inability of an Account Debtor to make payment at maturity unless
        the
        relevant Account is the subject of a Dispute.

       

      3.5.
        Indemnification.
        You
        will indemnify and defend us and hold us harmless from and against any and
        all
        liabilities, claims, costs and expenses (including but not limited to reasonable
        attorneys’ fees and court costs) related to or arising out of our commercially
        reasonable efforts to collect or attempt to collect any Account.

       

      3.6.
        No
        Agency.
        Any
        provision of this Agreement to the contrary notwithstanding, nothing in this
        Agreement shall be construed to constitute us as your agent or to obligate
        us to
        assume any or your obligations with respect to any Account. We will not
        have any liability for any error or omission or delay occurring in the
        settlement, collection or payment of any Account.

       

      4.
        RECOURSE

       

      4.1.
        Repurchase
        of Accounts.
        In the
        event that (a) an Assigned Account becomes the subject of a Dispute, (b)
        there
        exists any breach of your representations, warranties or covenants under
        this
        Agreement with respect to an Assigned Account, (c) an Assigned Account is
        not
        paid on or before the expiration of ninety (90) days from its invoice date
        (such
        an Account being hereinafter referred to as a “Late
        Account”),
        or
        (d) we reasonably deem ourselves insecure with respect to any Assigned Account
        in light of material changes in the creditworthiness of the Account Debtor
        or
        otherwise, then and in any such event you shall immediately upon demand by
        us
        (whether written or oral) repurchase the Account from us for a purchase price
        (the “Account
        Repurchase Price”)
        equal
        to (i) the sum of the Advance Payment for such Account plus any and all accrued
        fees hereunder (calculated to the date of repurchase) and unreimbursed costs
        and
        expenses associated with such Account minus
        (ii) the
        paid portion of such Account, if any. With respect to any Assigned Account
        that
        becomes the subject of a Dispute, your obligations under this paragraph are
        irrespective of any accord and satisfaction of such Account as against the
        Account Debtor by operation of Section 3-311 of the Uniform Commercial Code
        as adopted and in effect in the applicable jurisdiction (the
“UCC”).

       

      4.2.
        Repurchase
        on Default.
        Without
        limiting our other remedies under this Agreement or applicable law, upon
        the
        occurrence of an Event of Default as hereinafter defined, you shall immediately
        upon demand by us (whether written or oral) repurchase from us all outstanding
        Assigned Accounts for the aggregate Account Repurchase Price calculated in
        accordance with Paragraph 4.1

       

      5.
        REPRESENTATIONS AND WARRANTIES

       

      To
        induce
        us to purchase Accounts from time to time, you make the following
        representations and warranties, each of which will survive the execution
        and
        delivery of this Agreement and will be deemed to be continuous and renewed
        as of
        the date of our acceptance of each Assignment. Such representations and
        warranties shall survive the termination of this Agreement.

       

      5.1.
        General.
        You are
        a corporation duly organized, validly existing and in good standing under
        the
        laws of the State of Delaware. The preamble to this agreement sets forth
        truly
        and accurately your exact legal name as registered in such jurisdiction.
        You do
        business exclusively under such name and do not use any trade name or other
        fictitious name.

       

      5.2.
        Authority
        and Enforceability.
        You
        represent and warrant that you have all requisite power and authority to
        execute, deliver and perform this Agreement, including each Assignment delivered
        hereunder. This Agreement has been duly and validly executed and delivered
        by
        you and constitutes your legal, valid, and binding obligation enforceable
        against you in accordance with its terms. The execution, delivery and
        performance of this Agreement by you does not contravene your articles of
        incorporation, by-laws or operating or partnership agreement, as applicable,
        or
        any other agreement, instrument, or commitment to which you are a party or
        by
        which you or any of your assets or properties are bound.

       

      5.3.
        Place
        of Business.
        Your
        principal place of business and your books and records relating to the Accounts
        are located at the address set forth at the end of this Agreement.

       

      5.4.
        Collateral.
        You are
        the sole owner of the Collateral free and clear of all liens and encumbrances
        (including liens and encumbrances subordinate to our lien and security
        interest), except for those created by this Agreement or permitted by us
        in
        writing. As to inventory which is included in the Collateral, such inventory
        is
        not stored with any third-party bailee, warehouseman or similar party or
        under
        consignment to or from any person. All such inventory is currently salable
        or
        usable in the normal course of your business.

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    5.5.
      With Respect to Accounts. You represent and warrant to us that, with
      respect to each of your Accounts, whether now existing or hereafter
      arising:

     

    5.5.1. You
      are
      the sole owner of the Account free and clear of all liens and encumbrances
      (including liens and encumbrances subordinate to our lien and security
      interest), except for those created by this Agreement or permitted by us in
      writing.

     

    5.5.2. You
      are
      not affiliated with and do not own, control, or exercise dominion, in any way
      whatsoever, over the business of the Account Debtor.

     

    5.5.3. The
      Account represents an accurate and undisputed statement of indebtedness of
      the
      Account Debtor on account of a bona fide sale or lease of goods or the
      performance of services by you.

     

    5.5.4. The
      Account is the valid obligation of and is legally binding upon the Account
      Debtor enforceable against the Account Debtor in accordance with its terms.
      All
      signatures and endorsements appearing on the invoices and documents relating
      to
      the Accounts are genuine, and all signatories and endorsers have full capacity
      and authority and were fully authorized to contract for the purchase or lease
      of
      the goods and/or services giving rise to the Account.

     

    5.5.5. The
      Account is not subject to any Dispute, defense, offset, counterclaim or any
      allowance, deduction, contingency or condition.

     

    5.5.6. The
      Account is not on a bill-and-hold,
      guaranteed sale, sale-and-return, sale on approval, consignment or any other
      repurchase or return basis.

     

    5.5.7. To
      the
      best of your knowledge based on due inquiry,
      the Account Debtor is not Insolvent.

     

    5.5.8. The
      sale
      of the Account to us is accurately and properly entered and reflected on your
      books and records.

     

    6. COVENANTS

     

    6.1.
      Periodic
      Reports.
      Until
      full and indefeasible payment of all of your Obligations hereunder, you will
      furnish to us the following information regarding your operations and financial
      condition from time to time as specified:

     

    6.1.1. Within
      twenty (20) days after the close of each month a balance sheet, income
      statement, and cash flow statement and copies of all bank statements and
      reconciliations each as of the last day of such month and year to
      date.

     

    6.1.2. Within
      five (5) days after the close of each month, (a) an accounts payable aging
      and
      list and (b) an accounts receivable aging and list (whether or not such accounts
      are Assigned Accounts), in each case as of the last day of such month, in such
      form and containing such detail as we may reasonably require.

     

    6.1.3. Copies
      of
      all receipts and other evidence of your payment of United States withholding,
      FICA and applicable state and local payroll taxes, in each case as such payments
      are made; and copies of any and all FICA and FUTA income tax withholding reports
      when and as filed.

     

    6.1.4. Within
      sixty (60) days before the close of your fiscal year, a reasonable projection
      (including assumptions) of your sales and net income and operating expenses
      on a
      monthly basis through the end of the next succeeding fiscal year.

     

    6.1.5. Within
      ninety  (90) days following the close of your fiscal year, a balance sheet
      and income statement as of the close of such fiscal year and for the year then
      ended.

     

    6.1.6. Copies
      of
      your federal income tax returns (together with all schedules) and extensions
      requests, if any, when and as filed.

     

    6.1.7. Such
      additional financial information regarding your operations and financial
      condition as we may require in our discretion from time to
      time.

     

    6.2. Standards.
      All financial statements provided by
      you
      under
      this Section 6 shall be prepared in accordance with generally accepted
      accounting principles, consistently applied. You hereby represent and warrant
      that any and all financial statements provided by you are and shall be true,
      accurate and complete.

     

    6.3. Field
      Audits.
      Upon
      reasonable notice by us, you will permit any authorized representative
      designated by us to visit your place or places of business during business
      hours
      and to inspect your books of account, records, correspondence and other
      documents and to make copies thereof and extracts therefrom. You authorize
      us to
      discuss your affairs, finances and accounts with your employees, agents, and
      independent certified public accountants or other parties preparing financial
      statements and/or tax returns for you or on your behalf. Any such inspection
      conducted after an Event of Default shall be at your sole cost and expense
      and
      you will reimburse us for such costs and expenses on demand.

     

    6.4. Recordkeeping.
      You
      will maintain all shipping documents, delivery receipts and invoices relating
      to
      your Accounts available for inspection and copying by us, and you will deliver
      them to us promptly upon our request. Each sale of Accounts will be reflected
      as
      a sale on your books and financial statements in accordance with generally
      accepted accounting principles.

     

    6.5 Other
      Covenants. Until full and indefeasible payment of all of your Obligations
      hereunder:

     

    6.5.1.
      You shall:

     

    6.5.1.1. Maintain
      insurance with responsible and reputable insurance companies or associations
      in
      such amounts and covering such risks as is consistent with past practice and/or
      as is usually carried by companies engaged in similar businesses in the same
      general areas in which you operate;

     

    6.5.1.2. Maintain
      and preserve of your assets and properties, real and personal, in good working
      order and condition, ordinary wear and tear excepted;

     

    6.5.1.3.
      Preserve and maintain your corporate existence and good standing, rights,
      franchises and privileges under applicable law;

     

    6.5.1.4.
      Pay and discharge before the same shall become delinquent (i) all taxes,
      assessments and governmental charges or levies imposed upon you or your
      property, and (ii) all lawful claims which, if unpaid, might by operation of
      law
      or otherwise become a lien upon your property;

     

    6.5.1.5.
      Maintain yourself in good standing with any and all federal and state licensing
      and regulatory authorities and governmental agencies having jurisdiction over
      your activities; and

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     

    6.5.1.6.
      Comply fully with all laws, rules, regulations, and executive orders of federal,
      state and municipal governments, bureaus, commissions, agencies or any of them
      applicable to you or your assets or properties.

     

    6.5.2.
      Without our prior written consent, which consent may be withheld in our sole
      and
      absolute discretion, you shall not:

     

    6.5.2.1.
      Permit or consent to the creation or incurrence by you of any indebtedness
      or
      obligation for borrowed money, other than to us pursuant to this
      Agreement;

     

    6.5.2.2.
      Make any material change in the nature of your business;

     

    6.5.2.3.
      Merge or consolidate with any other firm or corporation; or

     

    6.5.2.4.
      Grant, create, incur or suffer or permit to exist any mortgage, pledge, security
      interest in or lien upon, or for any other purpose assign or transfer, either
      absolutely or as collateral security, any of the Collateral except to or in
      favor of us pursuant to this Agreement or as we may otherwise agree in
      writing.

     

    7. SECURITY
      AGREEMENT

     

    7.1.
      Grant
      of Security Interest; Collateral Defined.
      To
      secure payment and performance of (i) all of your obligations under this
      Agreement, including, without limitation, repurchase and indemnity obligations
      and obligations for costs and expenses, and (ii) any and all of your other
      obligations, liabilities, covenants, duties and indebtedness to us, whether
      now
      existing or hereafter incurred or arising, by reason of any extension of credit,
      opening of a letter of credit, acceptance, or loan by us, any guaranty by you
      of
      the obligations of any affiliate or other third party, or otherwise
      (collectively, your “Obligations”), you hereby pledge, assign
      and grant to us a continuing lien and security interest in the following
      property, both now owned and existing and hereafter created, acquired and
      arising, regardless of where located (collectively, the
“Collateral”):

     

    7.1.1.
      All of your accounts, whether or not accepted by us or specifically sold to
      us;

     

    7.1.2.
      All of your goods, including but not limited to inventory and
      equipment;

     

    7.1.3.
      All of your general intangibles, chattel paper, commercial tort claims, deposit
      accounts, documents, instruments, investment properly, letter-of-credit rights,
      letter of credit, and money;

     

    7.1.4.
      All cash and non-cash proceeds and products of any of the foregoing, including
      any claim against third parties in any way related to the
      foregoing;

     

    7.1.5.
      All rights which you now have or hereafter may have to the payment of money
      not
      otherwise included in the foregoing, including without limitation tax refunds
      and proceeds of insurance of every kind and description; and

     

    7.1.6.
      All books and records relating to any of the foregoing, including but not
      limited to hard drives, compact disks, floppy disks, and/or other digital
      storage media comprising such in whole or in part.

     

    7.2.
      Financing
      Statements.
      Pursuant to Section 9-502 of the UCC, you hereby authorize us to file such
      financing statements (including amendments thereto and continuation statements
      thereof) as we may reasonably require in order to perfect our security interest
      in the Collateral

     

    7.3.
      Defined
      Terms.
      As used
      in this Section, uncapitalized terms describing categories of Collateral shall
      have the meaning, if any, respectively ascribed to such terms under the
      UCC.

     

    8.
      TERM AND TERMINATION

     

    8.1.
      Expiration
      and Renewal.
      This
      Agreement shall expire on the first anniversary of the date of the first above
      written. Unless terminated in accordance with Paragraph 8.2, this Agreement
      shall automatically renew for successive one (1) year periods without the
      necessity of any further notice or action on the part of site party hereto.
      (The
      period of effectiveness of this Agreement is sometimes referred to herein as
      the
“Term.”)

     

    8.2.
      Termination.

     

    8.2.1.
      Subject to Paragraph 2.6, you may terminate this Agreement by written notice
      to
      us not less than sixty (60) days prior to the effective date of termination
      stipulated in such notice.

     

    8.2.2.
      We
      may terminate this Agreement (i) at any time for our convenience by written
      notes to you upon not less than ten (10) days prior to the effective date of
      termination stipulated in such notice or (ii) immediately upon written or oral
      notice to you upon the occurrence of an Event of Default.

     

    8.3.
      Survival
      of Terms.
      Notwithstanding the foregoing, the provisions of this Agreement and all of
      our
      rights and interests hereunder shall survive any termination pursuant to
      Paragraph 8.2 and shall continue in full force and effect until all Assigned
      Accounts and all of your Obligations hereunder have been paid fully paid and
      performed.

     

    8.4
      Termination
      Statement.
      At any
      time after later of (i) the effective date of the termination of this Agreement
      or (ii) the date on which all Assigned Accounts and all of your Obligations
      hereunder have been paid fully paid and performed, you may request and we will
      deliver to you UCC termination statements with respect to any and all recorded
      financing statements covering the Collateral then in our favor, provided
      such
      request is in writing and accompanied by a written general release by you in
      our
      favor in form and substance satisfactory to us and our counsel. To the maximum
      extent permitted by law, you hereby waive any and all statutory rights under
      Section 9-513 of the UCC to require us to deliver UCC termination statements
      in
      respect of the Collateral unless and until the conditions of this section have
      been satisfied.

     

    9.
      DEFAULT AND REMEDIES

     

    9.1.
      Events
      of Default.
      As used
      in this Agreement, “Event of Default” means any of the
      following:

     

    9.1.1.
      Any material breach by you of any term, covenant, condition, representation
      or
      warranty under this Agreement.

     

    9.1.2.
      Without limiting the generality of the foregoing, the existence of unresolved
      Disputes or any breach or breaches of your representations, warranties or
      covenants under this Agreement affecting or with respect to Assigned Accounts
      which, in the aggregate, constitute or exceed twenty-five percent (25%) (the
      “Default
      Percentage”),
      by
      face value or number, of all then outstanding Assigned Accounts.

     

    9.1.3.
      The accumulation of Late Accounts (whether or not then outstanding) since the
      commencement of the Term which in the aggregate constitute or exceed, by face
      value or number, the Default Percentage of all Assigned Accounts since the
      inception of the Term.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    9.1.4.
      Any failure by you to pay or reimburse us, as the case may be, any monetary
      amount to which we are entitled hereunder as and when the same shall become
      due.

     

    9.1.5.
      Any material adverse change in your management, financial condition or business
      prospects or those of any guarantor of your Obligations. 

     

    9.1.6.
      The discontinuance or suspension of your present business
      operation.

     

    9.1.7.
      Your becoming insolvent or unable, to meet your debts as they mature, or the
      commencement against you of any proceeding for relief under any provision of
      any
      federal or state bankruptcy, insolvency or other similar law, or the filing
      or issuance against you of any injunction, attachment, judgment or lien on
      any
      of your property, or the appointment of a receiver, custodian or trustee of
      any
      kind for you or any of your property.

     

    9.1.8.
      Any act of theft, embezzlement, fraud, conversion, misappropriation of funds
      or
      other willful act of dishonesty in connection with this Agreement by you or
      any
      of your directors, officers, employees, agents or representatives.

     

    9.2.
      Remedies.  In addition to any other remedies available to us under
      this Agreement or applicable law,
      upon
      and
      after the occurrence of an Event of Default:

     

    9.2.1.
      We
      will have the right to enforce against you immediate payment of all of your
      Obligations.

     

    9.2.2.
      With respect to the Collateral, we will have and may exercise all of the rights
      of a secured party under the UCC.

     

    9.2.3.
      You hereby authorize and empower any attorney designated by us or any clerk
      of
      any court of record to appear for you in any court of record and confess
      judgment against you without prior hearing, in favor of us for and in the amount
      of your Obligations then outstanding plus costs of suit and attorneys’ fees in
      an amount equal to 10% of the Obligations then outstanding. Such authority
      and
      power may be exercised on one or more occasions, from time to time, in the
      same
      or different jurisdictions, as often as we shall deem necessary or desirable,
      for all of which this Agreement shall be a sufficient warrant.

     

    9.2.4.
      We
      may notify the postal authorities to change the address for delivery of your
      mail to such address as we may designate and shall have the right to receive,
      open, and maintain in our custody any and all of your mail thereafter; provided,
      however, that we will turn over to you any mail not related directly or
      indirectly to the enforcement of our remedies hereunder.

     

    9.3.
      Remedies
      Cumulative.
      Each right, power and remedy provided for herein or otherwise existing shall
      be
      cumulative and concurrent
      and shall be in addition to every other right, power and remedy existing
      hereunder, by law or otherwise. The exercise by us of any one or more such
      rights, powers or remedies shall not preclude the simultaneous or later exercise
      by us
      of any
      or all such other rights, powers or remedies,

     

    10.
      ARBITRATION

     

    Any
      claim
      or demand arising out of any alleged breach of this Agreement or arising out
      of
      any dispute or controversy under or relating to this Agreement in which the
      amount in controversy is $100,000 or less, other than any confession of judgment
      proceeding pursuant to Subparagraph 9.2.3. shall be decided by a single
      arbitrator under the Rules of the American Arbitration Association. The
      prevailing party, as determined by the arbitrator, shall be awarded reasonable
      attorneys’ fees and costs (including all arbitration fees and expenses of the
      arbitrator) incurred by that party in connection with the arbitration and any
      post-arbitration proceedings to enforce the award or otherwise. The award
      rendered by the arbitrator shall be final and binding on both of us and judgment
      on such award may be entered by either party in any court of competent
      jurisdiction. The arbitration provisions hereof shall, with respect to such
      controversy or dispute, survive the termination of this Agreement. Nothing
      herein contained shall be deemed to give the arbitrator any authority, power,
      or
      right to alter, change, amend, modify, add to, or subtract from any of the
      provisions of this Agreement.

     

    11.
      MISCELLANEOUS

     

    11.1.
      Notices. Notices shall be deemed given to a party when sent or dispatched
      to such party by certified or registered mail or private overnight express
      mail,
      postage or charges prepaid, or by facsimile copy, at the address of such party
      set forth below its signature hereto, or to such other notice address as a
      party
      may designate by written notice to the other party.

     

    11.2.
      Binding Effect. This Agreement will bind you and your successors and
      assigns, and will inure to the benefit of us and our successors and
      assigns.

     

    11.3.
      No Assignment. You may not assign or transfer any of your rights or
      obligations under this Agreement without our prior written consent, which
      consent may be withheld by us in our sole and absolute discretion. Any
      assignment or transfer prohibited by this paragraph shall be null and
      void.

     

    11.4.
      Complete
      Agreement.
      This
      Agreement constitutes all of the amendments to the Existing Agreement intended
      by the parties. In the event of any conflict between the terms of this
      Agreement and
      the
      terms
      of the Existing Agreement, the terms of this Agreement shall govern. This
      Agreement may be amended or modified only by a written instrument signed by
      both
      parties.

     

    11.5.
      No
      Waiver.
      No delay
      or failure by us in exercising any of our rights or remedies shall operate
      as a
      waiver of such or of any other right or remedy, and no waiver shall be valid
      unless in writing signed by us and then only to the extent therein set
      forth.

     

    11.6.
      Governing
      Law, Etc.
      This
      Agreement shall be deemed to have been made in the State of Maryland and shall
      be construed and enforced in accordance with, and the validity and performance
      hereof shall be governed by, the laws of the State of Maryland, without regard
      to conflict of laws principles.

     

    11.7.
      Venue
      and
      Jurisdiction. Any judicial or arbitral proceeding arising out of or relating
      to this Agreement shall be brought and adjudicated (a) in the case of any
      Original Claim made by you against us, solely in Baltimore, Maryland, and (b)
      in
      the case of any Original Claim made by us against you, in Baltimore, Maryland,
      or, at our sole and exclusive option, anywhere within the jurisdiction where
      you
      are domiciled or have your principal place of business. As used in this
      Paragraph, “Original Claim” means the first formally commenced
      proceeding in connection with a matter or series of related matters, it being
      understood and agreed that any subsequently asserted claim, defense or
      counterclaim arising out of or relating to such matter or matters shall be
      subject to the same venue as the Original Claim. For purposes of any judicial
      proceeding under this Agreement, you hereby irrevocably consent, submit, and
      waive any and all objections to the personal jurisdiction of the state and
      federal courts of the State of Maryland over you and your
      affiliates.

     

    11.8.
      Further Assurances. Each of us shall do, take, execute, acknowledge if
      required and deliver such further and additional acts, actions, documents,
      instruments or writings not specifically referred to herein as may be necessary,
      required, proper, desirable or convenient for the purpose of fully effectuating
      the provisions hereof.

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    11.9.
      Construction.
      This
      Agreement has been negotiated by the parties and shall be construed and
      interpreted fairly in accordance with its terms and without any strict
      construction in favor of or against either party.

     

    11.10. WAIVER
      OF JURY TRIAL.
      EXCEPT AS OTHERWISE PROVIDED IN SECTION 10, ANY SUIT, ACTION
OR
      PROCEEDING,
      WHETHER CLAIM OR COUNTERCLAIM, BROUGHT OR INSTITUTED BY EITHER PARTY HERETO
      OR
      ANY SUCCESSOR OR ASSIGN OF ANY PARTY UNDER OR WITH RESPECT TO THIS AGREEMENT
      OR
      WHICH IN ANY WAY RELATES, DIRECTLY OR INDIRECTLY, TO THIS AGREEMENT OR ANY
      EVENT, TRANSACTION OR OCCURRENCE ARISING OUT OF OR IN ANY WAY CONNECTED WITH
      THIS AGREEMENT, OR THE DEALINGS OF THE PARTIES WITH RESPECT THERETO, SHALL
      BE
      TRIED ONLY BY A COURT AND NOT BY A JURY. EACH PARTY HEREBY KNOWINGLY,
      VOLUNTARILY AND IRREVOCABLY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY SUCH
      SUIT, ACTION OR PROCEEDING.

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement under seal
      as
      of the day and year first above written.

     

    
      	
              PLATINUM
                IT CONSULTING, INC.

            	 	 	 	 	ROCKLAND
              CREDIT FINANCE LLC	 
	 	 	 	 	 	 	 	 
	
              By

            		
              (SEAL)

            	 	 	 	 By	
                (SEAL)

            
	
              
                

              

              [notarized
                signature or authorized officer]

            	 	
               

            	 	 	 	
              
                

                 

              

               

            	 
	
            	 	 	 	 	 Name:  
              	
              
                John
                  Fox

              

            	 
	
              Print
                Name: Ralph Tuzzle

            	 	 	 	 	 Title:	
              
                

              

               President

            	 
	
              
                

              

              Title:
                President

            	 	 	 	 	 	
              
                

              

            	 
	
              
                

              

            	 	 	 	 	 	
              
                6
                  Park Center Court, Suite 212 
                  Owings
                    Mills, MD 21117 

                

              

            	 
	
              589
                8th Avenue, 18th Floor 

            	 	 	 	 	 	
              
                Phone
                  #: 410-902-0393 

              

            	 
	
              New
                York, New York 10018

            	 	 	 	 	 	
              
                Fax
                  #: 410-902-0893

              

            	 
	 	 	 	 	 	 	
            	 
	
              Fax
                #: 212-687-4347

            	 	 	 	 	 	
            	 
	
              Taxpayer
                I.D.#: __________________

            	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	State of _____________)	 	 	 	 	 	 	 
	
               )
                TO WIT:

            	 	 	 	 	 	 	 
	
              County
                of ___________)

            	 	 	 	 	 	 	 

    

     

    I
      HEREBY
      CERTIFY, that on this _____ day of _________________, 2006, before me, a Notary
      Public of said State, personally appeared _______________________, as
      ______________________ and on behalf of Platinum IT Consulting, Inc. known
      to me
      (or satisfactorily proven) to be the person whose name is subscribed to the
      foregoing instrument and acknowledged that he/she executed the same for the
      purposes therein contained.

     

    
      WITNESS
        my hand and Notarial Seal. 
        
        
          	 	 	 
	 	
                  

                
	 	 

        

      

    

    Notary
      Public

    My
      Commission Expires:

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    TO
      AMENDED AND RESTATED ACCOUNTS RECEIVABLE PURCHASE AND SECURITY
      AGREEMENT

     

    FORM
      OF ASSIGNMENT

     

    See
      attached.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    ASSIGNMENT
      NO. _____

     

    ASSIGNMENT
      AND TRANSFER OF ACCOUNTS RECEIVABLE

    

    
      	
              ASSIGNOR:

            	
              ASSIGNEE:

            
	 	 
	
              PLATINUM
                IT CONSULTING, INC. 

              589
                8th
                Avenue, 18th
                Floor

              New
                York, New York 10018

            	
              ROCKLAND
                CREDIT FINANCE LLC

              6
                Park Center Court, Suite 212

              Owings
                Mills, MD 21117

            

    

     

    1. Assignment
      of Accounts.
      Pursuant to and subject to the terms and conditions of that certain Amended
      and
      Restated Accounts Receivable Purchase and Security Agreement (the
“Factoring Agreement”), Assignor hereby sells, assigns and
      transfers to Assignee all of its right, title and interest in and to the
      Accounts arising from the invoices identified in Schedule
      A.

     

    2. Advance
      Payment:
      Assignor hereby acknowledges and confirms the payment by Assignee and the
      receipt by Assignor of the Advance Payment shown on Schedule
      A.

     

    3. Representations
      and Warranties.
      Assignor hereby confirms, represents and warrants to Assignee that all
      representations and warranties made by Assignor to Assignee in the Factoring
      Agreement are true and correct in all respects on Effective Date of this
      Assignment and that no Default
      exists
      under the Factoring Agreement on Effective Date.

     

    4. Effective
      Date.
      The
      effective date of the transfer of the Assigned accounts pursuant to this
      Assignment (the “Effective Date”) shall be the date set forth
      below as the effective date of Assignee’s acceptance,

     

    5. Defined
      Terms.
      Capitalized terms used herein and not defined herein shall have the respective
      meanings ascribed to such terms in the Factoring Agreement.

     

    IN
      WITNESS WHEREOF, the parties have executed this Assignment intending to be
      legally bound as of the Effective Date.

     

    
      	
              PLATINUM
                IT CONSULTING, INC.

            	 	
              ROCKLAND
                CREDIT FINANCE LLC

            
	 	 	 	 
	
              By                     
                

            	 	
              By

            	
               

            
	
              [signature
                of authorized officer]

            	 	
              Name:

            	
              JOHN
                FOX 
                

              

            
	
              Print
                Name:     RALPH
                TUZZLE

              
                

              

            	 	
              Title:

            	
              President
                
                

              

            
	
              Title:           President

              
                

              

              
              

            	 	
              Effective
                Date of Acceptance :   3/7/06

              
                

              

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      A

    TO
      ASSIGNMENT AND TRANSFER OF ACCOUNTS RECEIVABLE

     

    Assignor:
      PLATINUM IT CONSULTING, INC.

     

    Assignment
      #: ______________________

     

    Effective
      Date: _____________________

     

    ASSIGNED
      ACCOUNTS

     

    The
      Account(s) identified below and on the invoices, contracts and/or other evidence
      thereof attached hereto, if any, is/are being sold, assigned and transferred
      by
      Assignor to ROCKLAND CREDIT FINANCE LLC pursuant to the foregoing
      Assignment.

    

    
      	
              ACCOUNT
                DEBTOR

              (CUSTOMER)

            	 	
              INVOICE

              NO.

            	 	
              INVOICE

              DATE

            	 	
              P.O./CONTRACT

              NO.

            	 	
              NET
                FACE

              AMOUNT
                ($)

            	 	
              TERMS
                OF 

              SALE

            
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
              (A)
                TOTAL AMOUNT OF THIS ASSIGNMENT: 

            	 	
              $
                _____________

            	 	 
	 	 	 	 	 	 	 
	 	 	
              (B)
                ADVANCE RATE: ______%

            	 	 	 	 
	 	 	 	 	 	 	 
	 	 	
              (C)
                TOTAL ADVANCE REQUESTED (LINE A X LINE B):

            	 	
              $
                _____________

            	 	 

    

    

    

    
      
        
        

      

      
        2Unassociated Document

     

    Exhibit
      10.13

     

    EMPLOYMENT
      AGREEMENT

     

    THIS
      EMPLOYMENT AGREEMENT, made on the 21th day of August, 2004,
      between:

    

    Platinum
      IT Consulting, Inc., a Delaware corporation, with its principal location
      at 535 Fifth Avenue, Suite 1004, New York, NY 10017 ("CORPORATION");

    

    and

    

    Ralph
      Tuzzolo, a/k/a Ralph Clark, an individual residing at 59 Templar Road,
      Manalapan, NJ 07726 ("EMPLOYEE").

    

    RECITALS:

    

    FIRST,
      the CORPORATION
      desires
      to enter into an employment relationship
      with the EMPLOYEEupon
      the
      terms and conditions hereinafter set forth; and

    

    SECOND,
      the EMPLOYEEdesires
      to accept such employment;

    

    NOW,
      THEREFORE, in consideration of the premises and the mutual agreements
      hereinafter set
      forth
      by
      and between the parties, it is agreed as follows:

    

    1.0
      Employment. The
      CORPORATION
      hereby
      employs the EMPLOYEE,
      and
      the
EMPLOYEEaccepts
      employment with the CORPORATION,
      in
      the
      capacity of President of the CORPORATION,
      or
      in
      such other, usual, customary, and recognized corporate officer position
in
      and of
the
      CORPORATIONas
      the
CORPORATION
      may
      direct or desire, on the terms and conditions
      hereinafter set forth. If
      the
CORPORATION
      effectuates
      a material change in EMPLOYEE's
      duties,
      the CORPORATION
      shall
      give EMPLOYEEreasonable
      notice of such change. In
      the
      event of a dispute between
      the parties regarding a material change to EMPLOYEE's
      duties
      with the CORPORATION,
      either
      party
      may
      elect to resolve such dispute through a binding Alternative Dispute Resolution
      forum,
      according to
      the
      terms of Section 19.0.

    

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

     

    2.0
      Duties. The
      duties of the EMPLOYEEshall
      be
      determined by the Board of
      Directors
      of the
      CORPORATION. The
      EMPLOYEEagrees
      to
      perform such duties and hold such offices as may be assigned
      to him from time to time and to devote to the CORPORATION
      his
      full
      time, attention and energy necessary
      for him to perform such duties. EMPLOYEEshall
      be
      employed on a full time basis by the CORPORATION
      and during the term of the employment, the EMPLOYEE
      shall
      devote his entire working time
      and
      attention to such duties as may be assigned to him by the
CORPORATION. In
      the
      event of a dispute
      between the parties regarding the EMPLOYEE'sduties
      with the CORPORATION, either party may
      elect
      to resolve such dispute through a binding Alternative Dispute Resolution
      forum, according to the
      terms
      of Section 19.0.

     

    3.0
      Term.
      The term
      of employment shall begin on the date hereof and continue for a four year period
      until terminated as herein provided. During the term, this Agreement may be
      terminated immediately for Just Cause (hereinafter defined). If
      the
EMPLOYEE
      is
      terminated
      for Just Cause, any and
      all
      salary obligations of the CORPORATION
      to
      the
EMPLOYEE
      shall
      cease as of the termination date.
      EMPLOYEE
      shall
      have the right resolve any dispute over the termination through, Arbitration
      according
      to the terms of Section 19.0.

     

    4.0
      Compensation. As
      compensation for the services to be rendered by the EMPLOYEE
      to
      the
      CORPORATIONpursuant
      to this Agreement, the EMPLOYEE
      shall
      be
      paid the sum of $96,000 per year,
      plus a bonus based on the following:

     

    
      
        	(a)	
                40%
                  of the Permanent Placement fees,
                  minus any recruiting expenses or commissions,
                  that the EMPLOYEE has generated during the remainder of
                  the present calendar year (the "Stub Period"), to be payable at
                  the end of
                  the Stub Period. After December 31, 2004, EMPLOYEE shall
                  not receive any bonus or commission
                  based on permanent placements.

                 

              
	(b)	
                Fifteen
                  (15%) percent of the increase in the
                  CORPORATION'snet
                  profits after taxes between
                  the first and second year, to be payable one month after the end
                  of the second
                  full calendar year. For purposes of the second year's bonus calculations,
                  the
                  CORPORATION's
                  net profits earned during the Stub Period shall be
                  annualized.

                 

              
	(c)	
                Twenty
                  (20%) percent of the increase in the CORPORATION'snet
                  profits after taxes between
                  the second and third year, to be payable one month after the end
                  of
                  his third
                  full calendar year.

                 

              
	(d)	
                Twenty
                  Five (25%) percent of the increase in the CORPORATION'snet
                  profits after taxes
                  between the third and fourth year, to be payable one month after
                  the end
                  of his fourth full calendar
                  year.

              

      

       

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

        

      

       

      
        	 (e)	An additional discretionary bonus
                may be
                granted as determined by
                the Board ofDirectors
                of the CORPORATION, in its sole and absolute
                discretion.

      

    

     

     5.0
      Stock
      Option Plan.
      It is
      the intent of the CORPORATION to effectuate a stock option
plan
      for
      all employees of the CORPORATION, the terms of which will be
      determined and
      put
      into effect subsequent to this Agreement. EMPLOYEE shall be a
      participant in such stock option plan.

    6.0
      Health
      Insurance Coverage and Car Allowance. The
      CORPORATION
      shall
      provide health insurance
      coverage to EMPLOYEE upon the same terms and
      conditions as is available to other employees
      of the CORPORATION or its. subsidiaries. EMPLOYEE
      shall
      be
      entitled to receive a car allowance up to $500.00 per month.

    7.0 Vacations
      and Leave. The
      EMPLOYEE
      shall
      be
      entitled to four weeks of vacation time per
      year.
      Any unused vacation days may
      be
      accrued without limit.

    8.0 Noncompetition,
      Trade Secrets, etc.

     

    8.1
      During
      the term of this Agreement and for a period of three (3) years after the
      termination of his employment with the CORPORATION
      for
      any
      reason whatsoever, EMPLOYEE
      shall
      not
      directly or indirectly induce or attempt to influence any employee of
CORPORATIONto
      terminate his employment
      with CORPORATION,
      and
      within a radius of
      fifty
      (50) Miles from
      any
      of the CORPORATION's
      offices, the EMPLOYEE shall not engage in (as a principal,
partner,
      director, officer, agent,
      employee, consultant, or otherwise) or be financially interested in any business
      which
      is
      involved in business
      activities carried on by the CORPORATION
      or
      any
      other business activity for which the CORPORATION
      has entered into a letter of intent to acquire a company which operates in
      such
      business, at the time of the termination of EMPLOYEE'semployment.

    8.2
      During
      the term of this Agreement and for a period of three (3) years after
      the
termination
      of his employment with the CORPORATION
      for
      any
      reason whatsoever, unless such information
      becomes part of the public domain, defined as common knowledge of its
use
      in
      the industry, EMPLOYEE
      shall
      not
      use for his personal benefit, or disclose, communicate or divulge to,
or
      use
      for the direct
      or
      indirect benefit of any person, firm, association or company other than
the
      CORPORATION, any material
      or information regarding the business methods, business policies, billing and
      collection policies and
      procedures, techniques, research or development projects
      or results, trade secrets, or
      other
knowledge
      or processes under or developed by the CORPORATION or any names
      and addresses of customers,
      or any data on or relating to past, present, or prospective customers or any
      other
      confidential information
      relating to or dealing with the business activities of
      the
CORPORATION, made known to EMPLOYEEor
      learned or acquired by
      EMPLOYEE
      while
      in
      the employ of the CORPORATION.

    

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    8.3 Any
      and
      all writings, inventions, improvements, processes, procedures and/or
techniques
      which EMPLOYEEmay
      make,
      conceive, discover or develop, either solely or jointly with any other
      person or persons, at any time during the term of this Agreement, whether during
      working
      hours or at
      any
      other time and at the request or upon the suggestion of the
CORPORATION which relate to
      or are
useful
      in
      connection with any business now or hereafter carried on or contemplated
by
      the
CORPORATION,
      including developments or expansions of its present fields of
      operations, shall be the sole
      and
      exclusive property of the CORPORATION. EMPLOYEEshall
      not
      be prohibited from making, conceiving,
      discovering, or developing any writings, inventions, improvements, processes,
      procedures and/or techniques that are not related to the
CORPORATION's ordinary business activities, provided
      that such
      EMPLOYEEinvolvement
      has no adverse affect on the CORPORATION or on the time devoted
by
      the
      EMPLOYEEto
      the
CORPORATION. EMPLOYEEshall
      make full disclosure to the CORPORATIONof
      all
      such writings, inventions, improvements, processes,
      procedures and techniques, and shall do everything
      necessary or desirable to vest the absolute title thereto in the CORPORATION.
      EMPLOYEE shall
      write and prepare all specifications and procedures
      regarding such inventions, improvements, processes,
      procedures and techniques and otherwise aid and assist
      the CORPORATION so that the CORPORATION
      can prepare and present applications for copyright or Letters Patent
      wherever possible, as
      well
      as reissues, renewals, and extensions thereof, and can obtain the record title
      to such copyright or patents so that the CORPORATION shall be
      the sole and absolute owner thereof in all countries in which it
      may
      desire to have copyright or patent protection. EMPLOYEEshall
      not
      be entitled to any additional or special
      compensation or reimbursement regarding any and all such writings, inventions,
      improvements, processes,
      procedures and techniques.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    8.4
      EMPLOYEE
      acknowledges that the restrictions contained
      in the foregoing subparagraphs,
      in view of the nature of the business in which the
      CORPORATION is engaged, are reasonable and necessary in order
      to protect the legitimate interests of the CORPORATION,
and
      that
      any violation
      thereof would result in irreparable injuries to the
CORPORATION. The
      EMPLOYEE
      therefore
      acknowledges
      that, in the event of his violation of any of these restrictions, the
CORPORATION shall be entitled
      to apply from any court of competent jurisdiction preliminary and permanent
      injunctive relief as well as damages and an equitable accounting of all
      earnings, profits, and other benefits arising from such violation, which rights
      shall be cumulative and in addition to any other rights or
      remedies to which the CORPORATION
      may be entitled. In the event of
      such
      dispute, EMPLOYEEshall
      be
      entitled to oppose such
      application for relief. In the event that EMPLOYEEbelieves
      that the CORPORATION is in violation of
      this
      Agreement, the EMPLOYEEshall
      also be entitled to apply to any court of competent jurisdiction for
appropriate
      relief, including preliminary and permanent injunctive relief.

     

    8.5
      If
      the
      period of time or the area specified above shall be adjudged unreasonable
in
      any
      proceeding, then the period of time shall be reduced by such number of months
      or
      the
      area shall be reduced by the elimination of such portion thereof or both so
      that
      such restrictions may
      be
      enforced in such
      area
      and for such time as if adjudged to be reasonable.

     

    8.6
      In
      the
      event that the CORPORATION ceases doing business or files for
      Chapter 7
      bankruptcy relief, EMPLOYEEshall
      be
      relieved of his duties of non-disclosure and non-compete with the
      CORPORATION.

     

    9.0 Termination. Notwithstanding
      Paragraph 3.0 of this Agreement, employment of the EMPLOYEEunder
      this Agreement will immediately terminate upon the happening of the following
      events:

     

    9.1 The
      mutual agreement of the EMPLOYEEand
      the
CORPORATION, as indicated in writing, which shall be signed and
      notarized, by and between the parties.

     

    9.2
      Violation
      of Paragraph 8.0 of this Agreement by the EMPLOYEE.
      If
      EMPLOYEEis
      terminated under this section 9.3 of the Agreement, EMPLOYEEshall
      not
      be prohibited from applying to
      any
      court of competent jurisdiction for relief. If
      such
      court determines that the EMPLOYEEdid
      not
violate
      Section 8.0 of this Agreement, the EMPLOYEE
      shall
      be
      entitled to reinstatement of his position with
      the
CORPORATION.

    

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    9.3 Disability.
      If, as a result of the EMPLOYEE'sincapacity
      due to physical or
      mental
      illness, the EMPLOYEE
      shall
      have been absent from his duties hereunder for the entire period of
      one-hundred-eighty (180) consecutive business days
      or
      for an
      aggregate period of two-hundred-ten (210) business days during a consecutive
      period of two-hundred-seventy (270) business days, CORPORATION
      may
      terminate the EMPLOYEE's
      employment
      hereunder.

     

    9.4
      By
      the
      dissolution and liquidation of the CORPORATION (other than as
      part of a reorganization,
      merger, consolidation or sale of all or substantially all of the assets
of
      the
CORPORATION
      whereby
      the business of the CORPORATION
      is
      continued).

     

    9.5 By
      the
CORPORATION
      for
      No
      Cause. The CORPORATION may terminate the EMPLOYEE
      at
      any
      time without cause after the outstanding amount due and payable to the Sellers
      under the
      Asset
      Purchase Agreement between Global IT Holdings, Platinum IT Consulting
(DE),
      Parker Clark Data
      Processing, and Platinum IT Consulting (NY) is satisfied.
      However,
      the CORPORATION
      shall
      be
obligated
      to pay the EMPLOYEE
      his
      full
      salary and benefits either for the remainder of the calendar year or
      for a
      period of six (6) months, whichever is greater.

     

    9.6
      By
      the
CORPORATION
      for
      Just
      Cause. For purposes of this Agreement "Just Cause"
      shall mean only the following: (i) a final non-appealable conviction
of
      or a
      plea of guilty or nolo contendere
      by the EMPLOYEE
      to
      a
      felony or misdemeanor involving fraud, embezzlement, theft,
      dishonesty
      or other criminal conduct against the
      CORPORATION;
      or
      (ii)
      habitual neglect of the EMPLOYEE'sduties
      or
      failure by the EMPLOYEE
      to
      perform or observe any substantial lawful obligation of
      such
      employment that is not remedied within
      thirty (30) days written notice thereof from the CORPORATION
      or
      its
      Board of Directors; or (iii) any material breach by the EMPLOYEE
      of
      this
Agreement;
      or (iv) any failure to meet any of the financial and/or business objectives
      as
      agreed
      upon with the
      Board
      of Directors annually, and to be reviewed and adjusted quarterly. In
      the
      event of termination of this
      Agreement other than for death, the EMPLOYEE
      hereby
      agrees to resign from all positions held in the
      CORPORATION, including,
      without limitation, any positions as a director, officer, agent, trustee or
      consultant
      of the CORPORATION or any affiliate of the
CORPORATION. In the event that the EMPLOYEEis
      terminated according to this Section 9.7 of this Agreement, the
EMPLOYEE shall have
      the
right
      resolve any dispute over the termination through Arbitration according to the
      terms
      of
      Section 19.0.

    

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    9.7 Change
      in Control. In
      the
      event that there is a change in control of the CORPORATION as a
      result of a reorganization, merger, consolidation, or sale of all or
      substantially all of the
      assets of the CORPORATION, whereby the business of the
CORPORATION is continued, EMPLOYEEshall
      have the right to resign his position and be released from his obligations
      under
      this Agreement.
      If EMPLOYEEchooses
      to resign his position, the CORPORATION shall pay the
EMPLOYEEhis
      full
      salary and benefits either for the remainder of the calendar year or for a
      period of
      six
(6)
      months, whichever is greater.

     

    9.8 Resignation. EMPLOYEEshall
      have the right to resign from his position with the CORPORATION
      at any time; however, all obligations of the CORPORATION to the
EMPLOYEEshall
      immediately
      cease at the time of resignation.

     

    10.0
      No
      Assignments. This
      Agreement is personal to each of the parties hereto, and neither party
      may
      assign nor delegate any of its rights or obligations hereunder without first
      obtaining
      the written consent
      of the other party.

     

    11.0
      Amendments. No
      amendments or additions to this Agreement shall be binding unless in
writing,
      signed by both parties, and approved by unanimous consent of the Board of
      Directors of the CORPORATION through a corporate resolution,
      except as herein otherwise provided.

     

    12.0 Waiver
      of Breach. The
      waiver by either party of a breach or violation of any provision of this
      Agreement shall not operate as or be construed to be a waiver of any subsequent
      breach hereof.

     

    13.0 Applicable
      Law.
      This
      Agreement shall be governed in all respects, whether as to validity,
      construction, capacity, performance or otherwise, by the laws of the State
      of
      New York.

     

    14.0 Headings. The
      Paragraph headings used in this Agreement are included solely
      for convenience
      and shall not affect, or be used in connection with, the interpretation of
      this
Agreement.

     

    15.0 Burden
      and Benefit. This
      Agreement shall be binding upon, and shall inure to the benefit of
      the
      parties hereto and their respective heirs, executors, administrators and
assigns.

    

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    16.0
      Severability.
      The
      invalidity or unenforceability of any provision in this Agreement shall
      not
      in
      any way affect the validity or enforceability of any other provision
      and this Agreement shall be construed in all respects as if such invalid or
      unenforceable provision had never been in
      the
      Agreement.

     

    17.0
      Notices. Any
      and
      all notices required hereunder shall be deemed delivered personally or
if
      mailed
      by registered or certified mail to the CORPORATION at its
      principal place of business and
      to
      the EMPLOYEE
      at the address set forth herein, or at such other address or addresses
as
      either
      party may hereinafter
      designate in writing to the other.

     

    18.0
      Entire
      Aqreement. This
      Agreement contains the entire agreement and understanding between
      the parties with respect to the employment of
      the
EMPLOYEE,
      and
      no
      representations, promises,
      agreements, or understandings, written or oral, relating to the employment
      of the EMPLOYEE
      by
      the
CORPORATION
      not
      contained herein shall be of any force or effect.

     

    19.0 Arbitration. All
      disputes and controversies of every kind and nature between the parties hereto
      arising out of or in connection with this instant Employment Agreement by and
      between
      the CORPORATION
      and the EMPLOYEE as to the existence, construction, validity,
      interpretation or
      meaning,
      performance, non-performance, enforcement, operation, breach, continuance,
      or
      termination thereof
      shall be submitted to binding arbitration pursuant to the following
      procedure:

     

    19.1 Either
      party hereto may demand such binding arbitration in writing within fourteen
      (14)
      business days after the controversy arises, which demand shall include and
      incorporate
      by reference
      the arbitration forum of the American Arbitration Association (hereinafter
      the
      "AAA"),
      together with a statement of the matter in controversy;

     

    19.2 Within
      fifteen (15) business days
      after
      such demand either party hereto shall notify, by certified mail return receipt
      requested, with a copy of such notification being sent to the other party
      hereto, the AAA of the pending arbitration;

     

    19.3 Upon
      such
      aforesaid notification being sent to the AAA the parties hereto further
hereby
      agree the ensuing arbitration proceeding shall be conducted, shall comply with
      and
      shall
      be governed
      by the then currently prevailing rules and regulations for the conduct of such
      arbitration
      proceedings
      as set forth by the AAA;

    

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    19.4 The
      arbitration(s) shall be named, forthwith, by the Arbitration Committee of the
      AAA, the number of arbitrators for the proceeding and such designated
      arbitrator(s) shall be so numbered and named at the sole discretion of the
      AAA
      in accordance with the selecting process therefore
      as set forth
      in
      the then prevailing rules and regulations of the AAA for such
      selection;

     

    19.5 Initially
      each party hereto shall bear their own arbitration costs and expenses,
including
      legal fees if any; 

     

    i.
The
      costs
      of arbitration, including legal fees, if any, shall be borne by the losing
      party in such arbitration proceeding or, in the alternative, in such
proportions
      as the arbitrator shall decide, including an ward of reasonable attorney
      fees, if any;

     

    19.6 The
      arbitration hearing and related proceedings, if any, shall be held at a place
      designated
      by the AAA or the arbitrator(s) but in no event shall such arbitration hearing
      and
      related proceedings
      if any, be conducted other than in the City of New York, unless otherwise agreed
      to
      in
      writing by
      and
      between the parties hereto;

     

    19.7 Notwithstanding
      anything contained in the rules and regulations of the AAA to the contrary
      the law of evidence of the State of New York shall govern the presentation
      of
      evidence in
      the
      arbitration
      hearing and related proceedings, if any;

     

    19.8
      The
      parties hereto hereby further specifically acknowledge and agree that an
award
      rendered by the arbitrator(s) appointed pursuant hereto shall be final and
      binding
      on all parties to the proceeding and judgment on such award may be entered
      by
      either party hereto in the State of
      New
York
      pursuant to the applicable provisions of the New York State Civil Practice
      Laws
and
      Rules.

     

    19.9 Unless
      otherwise provided for in this instant Employment Agreement by and between
      the
      parties hereto the parties hereby further stipulate and agree that these
      arbitration provisions shall be a complete defense to any suit, action, or
      proceeding instituted in any federal, state,
      or
      local court or
      before
      any administration tribunal with respect to any controversy or dispute arising
      during
      the period of
      this
      agreement and which is arbitrable as herein set forth. The arbitration
      provisions hereof shall, with respect
      to such controversy or dispute, survive the termination or expiration of this
      instant
      Employment Agreement.

    

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    19.10 Nothing
      herein contained shall be deemed to give the arbitrator(s) any authority, power,
      or right to alter, change, amend, modify, add to, subtract from or otherwise
      modify any of the provisions
      of this instant Employment Agreement or to award punitive damages in favor
      of
      either party hereto.

     

    20.0
      Attorneys
      Fees. In
      the
      event that either party brings a claim for breach of this Agreement
      in a judicial proceeding, the successful party shall be
      entitled to an award of reasonable attorney's
      fees by a court of competent jurisdiction.

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

     

    

     

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

     

    

     

    
      
        
        

      

      
        -12-

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