Document:

Fergco Letter

 Exhibit 10.15 
 cmcdemus@clear-point.com 
 DIRECT DIAL: 215-997-7710 X. 101

 June 25, 2008 
 VIA UPS, OVERNIGHT
DELIVERY 
  

															
	Chris Ferguson	  		  		  		  		  		  		  	
	  
	  		  		  		  		  		  		  	
	  
	  		  		  		  		  		  		  	

 Dear Chris: 
 I am writing in reference to that certain Second Amended and Restated Promissory Note, dated March 31, 2008, payable by ClearPoint Resources, Inc. (the “Company”) in the original principal amount of $300,000 (the
“Note”). By way of this letter, the Company is notifying you that, effective June 20, 2008, it has, in accordance with Section 1 of the Note, exercised the Maturity Date Extension (as defined in the Note). As a result, the
new Maturity Date for the Note is March 31, 2010. The Company exercised the Maturity Date Extension in connection with its recent loan transaction with ComVest Capital, LLC, whereby the Company received a $9 million term loan and $3 million
revolver. 
 As required by Section 3 of the Note, I have enclosed a second Warrant for 45,000 shares of Company Common Stock,
exercisable from June 20, 2008 until March 31, 2011 at an exercise price of $1.55. 
 Feel free to call me with any questions.

  

	
	 Very truly yours,

	
	 CLEARPOINT RESOURCES, INC.

	
	 Christopher D. McDemus

	 Senior V.P. & General Counsel

 Encl.B&N Associates, LLC Letter

 Exhibit 10.16 
 cmcdemus@clear-point.com 
 DIRECT DIAL: 215-997-7710 X. 101

 June 25, 2008 
 VIA UPS, OVERNIGHT
DELIVERY 
  

															
	B&N Associates, LLC	  		  		  		  		  		  	
	Attn: Brian Bolcar	  		  		  		  		  		  	
	  
	  		  		  		  		  		  		  	
	  
	  		  		  		  		  		  		  	

 Dear Brian: 
 I am writing in reference to that certain Second Amended and Restated Promissory Note, dated March 31, 2008, payable by ClearPoint Resources, Inc. (the “Company”) in the original principal amount of $100,000 (the
“Note”). By way of this letter, the Company is notifying you that, effective June 20, 2008, it has, in accordance with Section 1 of the Note, exercised the Maturity Date Extension (as defined in the Note). As a result, the
new Maturity Date for the Note is March 31, 2010. The Company exercised the Maturity Date Extension in connection with its recent loan transaction with ComVest Capital, LLC, whereby the Company received a $9 million term loan and $3 million
revolver. 
 As required by Section 3 of the Note, I have enclosed a second Warrant for 15,000 shares of Company Common Stock,
exercisable from June 20, 2008 until March 31, 2011 at an exercise price of $1.55. 
 Feel free to call me with any questions.

  

	
	 Very truly yours,

	
	 CLEARPOINT RESOURCES, INC.

	
	 Christopher D. McDemus

	 Senior V.P. & General Counsel

 Encl.Matthew Kingfield Letter

 Exhibit 10.17 
 cmcdemus@clear-point.com 
 DIRECT DIAL: 215-997-7710 X. 101

 June 25, 2008 
 VIA UPS, OVERNIGHT
DELIVERY 
  

															
	Warren Business Products	  		  		  		  		  		  	
	Attn: Matt Kingfield	  		  		  		  		  		  	
	  
	  		  		  		  		  		  		  	
	  
	  		  		  		  		  		  		  	

 Dear Matt: 
 I am writing in reference to that certain Second Amended and Restated Promissory Note, dated March 31, 2008, payable by ClearPoint Resources, Inc. (the “Company”) in the original principal amount of $50,000 (the
“Note”). By way of this letter, the Company is notifying you that, effective June 20, 2008, it has, in accordance with Section 1 of the Note, exercised the Maturity Date Extension (as defined in the Note). As a result, the
new Maturity Date for the Note is March 31, 2010. The Company exercised the Maturity Date Extension in connection with its recent loan transaction with ComVest Capital, LLC, whereby the Company received a $9 million term loan and $3 million
revolver. 
 As required by Section 3 of the Note, I have enclosed a second Warrant for 7,500 shares of Company Common Stock,
exercisable from June 20, 2008 until March 31, 2011 at an exercise price of $1.55. 
 Feel free to call me with any questions.

 Very truly yours, 
 CLEARPOINT RESOURCES, INC. 
 Christopher D. McDemus 
 Senior V.P. & General Counsel 

Encl.Advisory Services Agreement

 Exhibit 10.18 
 ADVISORY SERVICES AGREEMENT 
 This ADVISORY
SERVICES AGREEMENT (the “Agreement”), is made and entered into as of the 26th day of June, 2008 (the “Effective
Date”), by and between ClearPoint Business Resources, Inc., a Delaware corporation (the “Company”) and TerraNova Management Corp. (“TNMC”), a Ontario corporation. 
 B A C K G R O U N D 
 WHEREAS, on
February 12, 2007, the Company and TNMC entered into an Advisory Services Agreement (the “Original Agreement”); 
 WHEREAS, the Original Agreement terminated February 11, 2008, however TNMC continued to provide advisory services to the Company since that date; and 
 WHEREAS, the Company desires to (i) compensate TNMC for its services since February 11, 2008, and (ii) formally engage and retain TNMC on a go-forward basis to provide certain advisory services to the
Company, and TNMC agrees to provide such services, subject to the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration
of the foregoing premises and the mutual covenants, promises and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the
Company and TNMC agree as follows: 
  

	1.	Advisory Services 

 The Company hereby retains TNMC, on a
non-exclusive and on-going basis, to provide advice and assistance to the Company in its analysis and consideration of various financial and strategic alternatives for the Company (the “Advisory Services”), provided that a request
by the Company for such advice is within the scope of TNMC’s internal resources and expertise. Notwithstanding anything else herein contained, the Advisory Services shall not include advising with respect to investing in, or the buying or
selling of securities or exchange contracts. 
  

	2.	Fee for Advisory Services 

 TNMC shall be compensated by the Company
in accordance with Exhibit A attached hereto. Additionally, the Company shall reimburse TNMC, upon receipt of appropriate supporting documentation, all reasonable out-of-pocket travel, lodging and meal expenses and the like relating to
the provision of the Advisory Services. 
  

	3.	Non-Disclosure of Advice 

 Except as may be required pursuant to the
securities laws of the United States and as may otherwise be required by law or legal process or its regulatory authorities, the Company agrees not to disclose to any third party the contents of any advice or materials provided by TNMC to the
Company without the prior written consent of TNMC, which consent shall not be unreasonably withheld. 

	4.	Reliance on Advice 

 The Company acknowledges and agrees that any
information or advice provided by TNMC shall be for information and discussion purposes only and that it shall not be entitled to rely upon such information or advice unless otherwise agreed to in writing by TNMC. The Company agrees that it will not
have any claim against TNMC for any expenses, losses or damages insofar as such expenses, losses or damages relate to, are caused by, result from or are based upon, directly or indirectly, the advice, recommendation, discussion or any other
communication by TNMC except for fraud or material willful misconduct on the part of TNMC. 
  

	5.	Confidentiality 

 TNMC will keep strictly confidential all
information, whether written or oral, acquired from the Company and its agents and advisors in connection with TNMC’s provision of services under this Agreement unless otherwise directed by the Company, except information: (i) that was
made available to the public prior to the commencement of the provision by TNMC of services hereunder; (ii) that thereafter becomes available to the public other than through a breach by TNMC of its obligations hereunder; and (iii) except
to the extent that TNMC is required by law or in connection with legal process or legal or regulatory proceedings to disclose such information. If TNMC is required by legal process to disclose any such information, TNMC will provide the Company with
prompt notice of such requirement, so that such affected party may seek an appropriate protective order or waive compliance with this requirement. 
  

	6.	Annual Review of Terms; Expiry 

 The term of this Agreement shall
begin on the Effective Date and shall continue until the day preceding the first anniversary of the Effective Date and shall automatically be renewed for successive one-year terms unless terminated by either party by written notice given to the
other party not less than thirty (30) days prior to the expiration of the initial term or the expiration of any succeeding one-year term. 
  

	7.	Survival of Terms 

 The terms and conditions contained in paragraphs
3, 4, 5 and 8 of this Agreement shall survive termination of this Agreement. 
  

	8.	Governing Law 

 This Agreement shall be construed in accordance with
the laws of the State of Delaware and the federal laws of the United States of America applicable therein. Each Party accedes and submits to the jurisdiction of the courts of the State of Delaware and all courts of appeal therefrom. 
  

	9.	Counterparts 

 This Agreement may be executed in several
counterparts and evidenced by a facsimile copy of an original execution page bearing the signature of each party hereto, each of this when so executed shall be deemed to be an original, and such counterparts or facsimile copies thereof together
shall comprise one and the same instrument and, notwithstanding their date of execution, shall be deemed to bear the date as of the date above written. 

	10.	Assignment 

 This Agreement may not be assigned by either party
hereto unless to an affiliate of such party provided that any such assignment shall be subject to the consent of the other party, not to be unreasonably withheld. 
  

	11.	Notices 

  

	 	(a)	Any notice or other communication required or permitted to be given under this Agreement shall be in writing and shall be sufficiently given or made by delivery or by telecopy or
similar facsimile transmission (receipt confirmed) or by nationally recognized overnight carrier to the respective parties as follows: 

 if to the Company, to: 
 ClearPoint Business Resources, Inc. 
 1600 Manor Drive, Suite 110 
 Chalfont, PA 18914 
 Attention: Michael Traina 
 Fax: (866) 997-7711 
 Tel: (215) 997-7710 
 With a copy to: 
 ClearPoint Business Resources, Inc. 
 1600 Manor Drive, Suite 110 
 Chalfont, PA 18914 
 Attention: General Counsel 
 Fax: (866) 997-7711 
 Tel: (215) 997-7710 
 if to TNMC, to: 
 TerraNova Management Corp. 
 Suite 3400, 2 Bloor Street West 
 Toronto, Ontario M4W 3E2 
 Attention: Lee Chung & Jesse Gill 
 Fax: (416) 644-6001 
 Tel: (416) 644-6000 
  

	 	(b)	Any notice so given shall be deemed conclusively to have been given and received when so personally delivered or so telecopied or transmitted or so delivered by nationally
recognized overnight carrier. Either party may change its address by notice to the other in the manner set out above. 

 [SIGNATURES ON FOLLOWING PAGE] 

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

			
	COMPANY:
	
	 CLEARPOINT BUSINESS RESOURCES, INC.

		
	 By:
	 	 /s/ Michael D. Traina

	 Name:
	 	 Michael D. Traina

	 Title:
	 	 CEO

	
	TNMC:
	
	 TERRANOVA MANAGEMENT CORP.

		
	 By:
	 	 /s/ Vahan Kololion

	 Name:
	 	 Vahan Kololion

	 Title:
	 	 Managing Director

 EXHIBIT A 
 Charge rates: 
  

			
	Lee Chung	  	$2,000 / day
	Jesse Gill*	  	$2,000 / day
	Andrew Oliver	  	$1,000 / day

  

	 	i)	February/March/April/May 2008 

 $50,000
each month (capped) 
  

	 	ii)	Beginning June 2008 and going forward, the Company will be billed at the end of the month for the immediately preceding month’s actual days worked (to be billed at the above
charge rates), with cap of $50,000 / month. 

  

	 	iii)	At the Company’s option, TNMC will accept 75% of the fee in shares of Company Common Stock, priced at the month-end closing price for each month of services rendered. At the
agreement of TNMC, the remaining 25% of each month’s fee may also be paid in shares of Company Common Stock, priced at the month-end closing price for each month of services rendered. At the Company’s option, with respect to each month set
forth in (i) above, TNMC will accept its fees for such month in shares of Company Common Stock, priced at the month-end closing price for each month of services rendered. 

  

	*	Jesse’s time will be billed only on special projects as requested by Mike Traina or Lee Chung.

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