Document:

EXHIBIT
      10.1

     

    AMENDMENT

    TO

    AMENDED
      AND RESTATED LOAN AND SECURITY AGREEMENT

     

    This
      Amendment to Amended and Restated Loan and Security Agreement (this “Amendment”)
      is entered into this 29th day of June, 2006, by and between SILICON
      VALLEY BANK
      (“SVB”),
      in its capacity as Agent (“Agent”) and as a lender, KEYBANK
      NATIONAL ASSOCIATION
      (“Key”;
      and collectively with SVB, the “Lenders”) and PERFICIENT,
      INC.,
      PERFICIENT GENESIS, INC., PERFICIENT CANADA CORP., PERFICIENT MERITAGE, INC.,
      PERFICIENT ZETTAWORKS, INC., PERFICIENT IPATH, INC. and PERFICIENT VIVARE,
      INC.
      (collectively, the “Existing Borrowers”) and PERFICIENT BAY STREET, LLC and
      PERFICIENT INSOLEXEN, LLC (collectively, the “New Borrowers;” together with the
      Existing Borrowers, the “Borrowers” and each, individually, a “Borrower”),
      jointly and severally, each with its principal place of business at 1120 S.
      Capital of Texas Highway, Building 3, Suite 220, Austin, Texas
      78746.

     

    RECITALS

     

    A.  Lenders
      and the Existing Borrowers have entered into that certain Amended and Restated
      Loan and Security Agreement dated as of June 3, 2005 (as the same may from
      time
      to time be further amended, modified, supplemented or restated, the “Loan
      Agreement”). 

     

    B.  Lenders
      have extended credit to the Existing Borrowers, and wish to extend credit to
      the
      New Borrowers, for the purposes permitted in the Loan Agreement. 

     

    C.  Borrowers
      have requested that Lenders amend the Loan Agreement to (i) increase the amount
      available to be borrowed under the Acquisition Line, (ii) increase the amount
      available to be borrowed under the Revolving Line, and (iii) make certain other
      revisions to the Loan Agreement as more fully set forth herein.

     

    D.  Lenders
      have agreed to so amend certain provisions of the Loan Agreement, but only
      to
      the extent, in accordance with the terms, subject to the conditions and in
      reliance upon the representations and warranties set forth below.

     

    AGREEMENT

     

    NOW,
      THEREFORE,
      in
      consideration of the foregoing recitals and other good and valuable
      consideration, the receipt and adequacy of which is hereby acknowledged, and
      intending to be legally bound, the parties hereto agree as follows:

     

    1.  Definitions.
      Capitalized terms used but not defined in this Amendment shall have the meanings
      given to them in the Loan Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2.  Amendments
      to Loan Agreement. 

     

    2.1  All
      references in the Loan Documents to a “Borrower” or to “Borrowers” shall mean
      and include each New Borrower.

     

    2.2  Section
      2.1.1 (Revolving Advances).
      Section
      2.1.1(a) hereby is amended and restated in its entirety and replaced with the
      following:

     

    “(a) Subject
      to the terms and conditions of this Agreement, each Lender shall, pro rata
      according to that Lender’s Pro Rata Share of the Committed Revolving Line, make
      Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or
      (B)
      the Borrowing Base, minus (ii) the outstanding principal balance of the
      Advances, the amount of all outstanding Letters of Credit (including drawn
      but
      unreimbursed Letters of Credit) and all unpaid amounts utilized for Cash
      Management Services. Amounts borrowed under this Section may be repaid and
      reborrowed during the term of this Agreement.”

     

    2.3  Section
      2.1.1 (Revolving Advances).
      Section
      2.1.1(b) hereby is amended and restated in its entirety and replaced with the
      following:

     

    “(b) To
      obtain
      an Advance, Borrowers must deliver to Agent by facsimile by 12:00 p.m.
      California time at least one (1) Business Day before the Advance is to be made,
      the Payment/Advance Form attached as Exhibit B (a “Payment/Advance Form”). Agent
      shall notify Lenders of Borrowers’ request for such Advance on the date of
      Agent’s receipt of such request. Not later than 12:00 p.m., California time, on
      the date specified for any Advance (which must be a Banking Day), each Lender
      shall make its Pro Rata Share of the Advance in immediately available funds
      available to the Agent at the Agent's office. If Borrowers satisfy the
      conditions for an Advance specified herein and Lenders deliver the requested
      funds to Agent, Agent will disburse such Advance by internal transfer to a
      Borrower’s deposit account with SVB on the Funding Date. Lenders may make
      Advances under this Agreement without instructions if the Advances are necessary
      to meet Obligations which have become due.”

     

    2.4  All
      references to “SVB” in Section 2.1.1(c) hereby are amended and replaced with
“Lenders”.

     

    2.5  Section
      2.1.1 (Revolving Advances).
      Section
      2.1.1(d) hereby is amended and restated in its entirety and replaced with the
      following:

     

    “(d) Lenders’
      obligation to make Advances hereunder will terminate if, in Agent’s good faith
      judgment (in consultation with the Lenders), there has been a material adverse
      change in the general affairs, management, results of operation, condition
      (financial or otherwise) or the prospect of repayment of the Obligations, or
      there has been any material adverse deviation by Borrowers from the most recent
      business plan of Borrowers presented to and accepted by Agent prior to the
      execution of this Agreement.”

     

    
      
        
        

      

      
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    2.6  Section
      2.1.3 (Acquisition Term Loan Facility). Section
      2.1.3(a) hereby is amended and restated in its entirety and replaced with the
      following:

     

    “(a) Subject
      to the terms and conditions of this Agreement, each Lender shall, pro rata
      according to that Lender’s Pro Rata Share of the Committed Term Loan Commitment,
      lend to Borrowers, from time to time prior to the Term Loan Commitment
      Termination Date, advances (each a “Term Loan Advance” and collectively the
“Term Loan Advances”) in an aggregate amount not to exceed the Committed Term
      Loan Line. When repaid, the Term Loan Advances may not be re-borrowed. The
      proceeds of the Term Loan Advances will be sued solely to fund Permitted
      Acquisitions. Each Term Loan Advance shall be considered a promissory note
      evidencing the amounts due hereunder for all purposes. Lenders’ obligations to
      lend hereunder shall terminate on the earlier of (i) the occurrence and
      continuance of an Event of Default, or (ii) the Term Loan Commitment Termination
      Date.”

     

    2.7  Section
      2.1.3 (Acquisition Term Loan Facility). The
      second, fourth and fifth sentences of Section 2.1.3(b) are amended in their
      entirety and replaced with the following:

     

    “(b) At
      least
      three (3) Business Days before the Funding Date, Agent shall notify Lenders
      of
      Borrowers’ request for such Term Loan Advance. ... Not later than 12:00 p.m.,
      California time, on the date specified for any Term Loan Advance (which must
      be
      a Banking Day), each Lender shall make its Pro Rata Share of the Term Loan
      Advance in immediately available funds available to the Agent at the Agent's
      office. If Borrowers satisfy the conditions for a Term Loan Advance specified
      herein and Lenders deliver the requested funds to Agent, Agent will disburse
      such Term Loan Advance by internal transfer to a Borrower’s deposit account with
      SVB on the Funding Date. Term Loan Advances for any Permitted Acquisition may
      not exceed in the aggregate fifty percent (50%) of the Total Acquisition Cost
      for such Permitted Acquisition (which, through September 1, 2006, shall have
      closed no earlier than June 3, 2005 and which, thereafter, shall have closed
      no
      earlier than 90 days prior to the date of the request for the corresponding
      Term
      Loan Advance).”

     

    2.8  Section
      2.1.3 (Acquisition Term Loan Facility). Section
      2.1.3(c) is amended in its entirety and replaced with the
      following:

     

    “(c) Lenders’
      obligations to lend the undisbursed portion of the Committed Term Loan Line
      will
      terminate if, in Agent’s good faith judgment (in consultation with the Lenders),
      there has been a material adverse change in the general affairs, management,
      results of operation, condition (financial or otherwise) or the prospect of
      repayment of the Obligations, or there has been any material adverse deviation
      by Borrowers from the most recent business plan of Borrowers presented to and
      accepted by Agent and the Lenders prior to the execution of this agreement.”

     

    
      
        
        

      

      
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    2.9  Section
      2.2 (Overadvances).
      All
      references to “SVB” in Section 2.2 are amended and replaced with
“Lenders”.

     

    2.10  Section
      2.3.2 (Committed Revolving Line).
      The
      first sentence of Section 2.3.2(a) is amended in its entirety and replaced
      with
      the following:

     

    “Advances
      under the Committed Revolving Line accrue interest on the outstanding principal
      balance thereof at a per annum rate equal to the Prime Rate.”

     

    In
      addition, all references to “SVB” in Section 2.3.2(b) are amended and replaced
      with “Lenders.”

     

    2.11  Section
      2.3.3 (Term Loan Payments).
      Section
      2.3.3(a) is amended in its entirety and replaced with the
      following:

     

    “(a) Principal
      and Interest Payments On Payment Dates.
      Borrowers will repay the Term Loan Advances on the terms provided herein and
      in
      the Loan Supplement. Borrowers will make payments to Agent, for the benefit
      of
      Lenders, monthly of principal in advance and/or accrued interest, as set forth
      herein and in the Loan Supplement, for each Term Loan Advance (collectively,
      “Scheduled Payments”), commencing on the first day of the next month following
      the Funding Date with respect to such Term Loan Advance and continuing
      thereafter during the Repayment Period on the first day of each calendar month
      (each a “Payment Date”). On each Payment date during the Interest Only Period,
      Borrowers shall make payments to Agent, for the benefit of Lenders, of accrued
      but unpaid interest only for each Term Loan Advance. Beginning on the first
      Payment Date following the Interest Only Period and continuing thereafter during
      the Repayment Period, Borrowers will pay to Agent, for the benefit of Lenders,
      thirty-six (36) equal installments of principal and all accrued interest for
      each Term Loan Advance (collectively with the interest-only payments required
      in
      the preceding sentence, each a “Term Loan Payment”). Borrowers’ final Term Loan
      Payment for each Term Loan Advance shall be due and payable to Agent, for the
      benefit of Lenders, on the Term Loan Maturity Date for such Term Loan Advance
      and shall include all outstanding principal and all accrued but unpaid interest
      for such Term Loan Advance. Payments received after 12:00 noon California time
      are considered received at the opening of business on the next Business Day.
      A
      Term Loan Advance may only be prepaid in accordance with Sections 2.3.3(c)
      and
      2.3.3(d).”

     

    
      
        
        

      

      
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    2.12  Section
      2.3.3 (Term Loan Payments).
      The
      first sentence of Section 2.3.3(b) is amended in its entirety and replaced
      with
      the following:

     

    (b) Interest
      Rate.
      Borrowers will pay interest on the Payment Dates (as described above) at the
      per
      annum rate of interest equal to the Basic Rate determined by Agent, as of the
      Funding Date for each Term Loan Advance in accordance with the definition of
      the
      Basic Rate.

     

    2.13  Section
      2.3.3 (Term Loan Payments).
      All
      references to “Key” in Section 2.3.3(c) and (d) are amended and replaced with
“Lenders”.

     

    2.14  Section
      2.4 (Fees).
      Section
      2.4(a) is amended in its entirety and replaced with the following:

     

    “(a) Term
      Loan Facility Fee.
      Borrowers will pay to Agent, for the pro rata benefit of Lenders, a fully
      earned, non-refundable term loan facility fee in the amount of $37,500, due
      on
      the date that Borrowers execute and deliver this Amendment to
      Agent.”

     

    2.15  Section
      2.4 (Fees).
      Section
      2.4(b) is amended in its entirety and replaced with the following:

     

    “(b) Committed
      Revolving Line Facility Fee.
      Borrowers will pay to Agent, for the pro rata benefit of Lenders, (a) a fully
      earned, non-refundable committed revolving line facility fee in the amount
      of
      $12,500 due on the date that Borrowers execute and deliver this Amendment to
      Agent, and (b) an annual facility fee on the Committed Revolving Line in the
      amount of $31,250 shall be payable on each anniversary of the date of this
      Amendment so long as Lenders have a commitment to make Advances
      hereunder;”

     

    2.16  Section
      2.4 (Fees). The
      following provision is inserted after Section 2.4(b) and before Section 2.4(c)
      as a new Section 2.4(c)(X):

     

    “(X) Term
      Loan Facility Usage Fee.
      Borrowers will pay to Agent, for the pro rata benefit of Lenders, a usage fee,
      payable quarterly in arrears within 15 days of the end of each calendar quarter,
      in an amount equal to the product of .03% times the per quarter average unused
      portion of the Acquisition Term Loan Facility;”

     

    2.17  Section
      2.4 (Fees).
      The
      title and first sentence of Section 2.4(c) as in effect prior to the date of
      this Amendment is amended in its entirety and replaced with the following
      Section 2.4(c)(Y):

     

    “(Y) Committed
      Revolving Line Facility Usage Fee.
      Borrowers will pay to Agent, for the pro rata benefit of Lenders, a usage fee,
      payable quarterly in arrears within 15 days of the end of each calendar quarter,
      in an amount equal to the product of .03% times the per quarter average Unused
      Balance.”

     

    
      
        
        

      

      
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    2.18  Section
      2.4 (Fees). The
      following provision is inserted as new Section 2.4(e):

     

    “(e) “Pro
      Rata” Fees.
      All
      references in this Section 2.4 to the payment of fees by Agent, “for the ‘pro
      rata’ benefit of Lenders,” shall exclude from the “pro rata” calculation the
“Existing Facilities” owing to SVB, separately, as described in Section 2.1.4 of
      the Agreement (the “Existing Facilities”). For clarification, the Existing
      Facilities shall not be included as part of SVB’s Pro Rata Share of the
      Committed Revolving Line or the Committed Term Loan Line, for purposes of
      determining the amount of fees to which SVB is entitled hereunder.

     

    2.19  Section
      2.6 (Obligations of Lenders). Section
      2.6 is amended in its entirety and replaced with the following:

     

    “2.6 Obligations
      of Lenders; Agent’s Right to Assume Funds Available for
      Advances.
      Each
      Lender’s obligations hereunder, including, but not limited to, each Lender’s
      obligation to make Credit Extensions, are several, but not joint. Unless the
      Agent shall have been notified by any Lender no later than 10:00 a.m. on the
      Banking Day of the proposed funding by the Agent of any Loan that such Lender
      does not intend to make available to the Agent such Lender's portion of the
      total amount of such Loan, the Agent may assume that such Lender has made such
      amount available to the Agent on the date of the Loan and the Agent may, in
      reliance upon such assumption, make available to Borrowers a corresponding
      amount. If the Agent has made funds available to Borrowers based on such
      assumption and such corresponding amount is not in fact made available to the
      Agent by such Lender, the Agent shall be entitled to recover such corresponding
      amount on demand from such Lender. If such Lender does not pay such
      corresponding amount forthwith upon the Agent's demand therefor, the Agent
      promptly shall notify Borrowers and Borrowers shall pay such corresponding
      amount to the Agent. The Agent also shall be entitled to recover from such
      Lender interest on such corresponding amount in respect of each day from the
      date such corresponding amount was made available by the Agent to Borrowers
      to
      the date such corresponding amount is recovered by the Agent, at a rate per
      annum equal to the daily Federal Funds Rate. Nothing herein shall be deemed
      to
      relieve any Lender from its obligation to fulfill its Pro Rata Share or to
      prejudice any rights which the Agent or Borrowers may have against any Lender
      as
      a result of any default by such Lender hereunder.”

     

    2.20  Section
      6.7 (Financial Covenants). New
      Section 6.7(d) hereby is added as follows:

     

    “(d) Changes
      to GAAP Accounting Regulations.
      Any
      changes to GAAP accounting regulations including, but not limited to, changes
      to
      Statement of Financial Accounting Standards No. 141, Business
      Combinations,
      shall
      not impact the calculations for purposes of meeting the Financial Covenants
      or
      the Financial Covenants shall be automatically amended upon the effective date
      of such a new accounting pronouncement so as to nullify the impact of such
      a new
      accounting pronouncement on the calculation of the Financial
      Covenants.”

     

    
      
        
        

      

      
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    2.21  Section
      6.12 (Permitted Acquisitions Financial Covenant). The
      first
      sentence of Section 6.12 is amended in its entirety and replaced with the
      following:

     

    “As
      soon
      as available, but no later than thirty (30) days after the last day of the
      month
      during which the Acquisition Covenant Date occurs, Borrowers shall deliver
      to
      Agent, with respect to each Permitted Acquisition in connection with which
      any
      Lender has made a Credit Extension hereunder, evidence satisfactory to Agent
      that as of the Acquisition Covenant Date, the Person acquired in such Permitted
      Acquisition shall have a minimum Net Income, based on the annualized last
      completed fiscal quarter (prior to the closing of the Permitted Acquisition)
      of
      the Person’s historical financial statements, of no less than one dollar
      ($1.00), after giving effect to Pro Forma Adjustments.”

     

    2.22  Exhibit
      C (Borrowing
      Base Certificate).
      The
      reference in Exhibit C to the Commitment Amount of “$15,000,000” shall mean and
      refer to $25,000,000.”

     

    2.23  Section
      13 (Definitions).
      The
      following terms and their respective definitions set forth in Section
      13.1
      are
      added and/or amended in their entirety and replaced with the following:

     

    “Acquisition
      Covenant Date” means
      the
      date ninety (90) days after any Permitted Acquisition Date (or September 1,
      2006
      for any Permitted Acquisition that closed prior to the date of this Amendment
      and after June 3, 2005).

     

    “Basic
      Rate” is,
      as of
      the Funding Date, the per annum rate of interest (based on a year of 360 days)
      equal to the sum of (a) the U.S. Treasury note yield to maturity for a four-year
      term as quoted in the Wall Street Journal on the day the Loan Supplement is
      prepared, plus (b) three percent (3%).

     

    “Committed
      Revolving Line”
      is a
      Credit Extension of up to $25,000,000.

     

    “Committed
      Term Loan Line” is
      a
      Credit Extension of up to $25,000,000. 

     

    “Eligible
      Foreign Accounts”
      are
      Accounts for which the account debtor does not have its principal place of
      business in the United States but are: (a) covered by credit insurance
      satisfactory to Lenders, less any deductible; or (b) supported by letter(s)
      of
      credit acceptable to Lenders; (c) that Lenders approve in writing, or (d)
      Accounts for which the principal place of business of the account debtor is
      Canada and the aggregate amount of such Accounts does not exceed
      $600,000.

     

    
      
        
        

      

      
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    “Interest
      Only Period”
      is 12
      months from the date of this Amendment.

     

    “Pro
      Rata Share” means,
      with respect to each Lender, the percentage of the Committed Revolving Line
      and
      the Committed Term Loan Line set forth beneath the name of that Lender on the
      signature page attached to this Amendment.

     

    “Revolving
      Maturity Date”
      is June
      29, 2009.

     

    “Term
      Loan Commitment Termination Date” is
      June
      29, 2008.

     

    “Term
      Loan Maturity Date”
      is, with
      respect to each Term Loan Advance made during the Interest Only Period, June
      29,
      2010, and with respect to each Term Loan Advance made after the Interest Only
      Period, the third anniversary date of such Term Loan Advance, or in case of
      any
      Term Loan Advance, if earlier than the applicable date set forth above, the
      date
      of acceleration of such Term Loan Advance by Agent following an Event of
      Default.

     

    3.  Limitation
      of Amendments.

     

    3.1  The
      amendments set forth in Section
      2,
      above,
      are effective for the purposes set forth herein and shall be limited precisely
      as written and shall not be deemed to (a) be a consent to any amendment, waiver
      or modification of any other term or condition of any Loan Document, or (b)
      otherwise prejudice any right or remedy which Lenders may now have or may have
      in the future under or in connection with any Loan Document.

     

    3.2  This
      Amendment shall be construed in connection with and as part of the Loan
      Documents and all terms, conditions, representations, warranties, covenants
      and
      agreements set forth in the Loan Documents, except as herein amended, are hereby
      ratified and confirmed and shall remain in full force and effect.

     

    4.  Representations
      and Warranties.
      To
      induce Lenders to enter into this Amendment, Borrowers hereby represent and
      warrant to Lenders as follows:

     

    4.1  Immediately
      after giving effect to this Amendment (a) the representations and warranties
      contained in the Loan Documents are true, accurate and complete in all material
      respects as of the date hereof (except to the extent such representations and
      warranties relate to an earlier date, in which case they are true and correct
      as
      of such date), and (b) no Event of Default has occurred and is
      continuing;

     

    
      
        
        

      

      
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    4.2  Borrowers
      have the power and authority to execute and deliver this Amendment and to
      perform its obligations under the Loan Agreement, as amended by this
      Amendment;

     

    4.3  The
      organizational documents of the Existing Borrowers delivered to Lenders prior
      to
      the date of this Amendment, and of the New Borrowers delivered to Agent on
      or
      before the date of this Amendment, remain true, accurate and complete and have
      not been amended, supplemented or restated and are and continue to be in full
      force and effect;

     

    4.4  The
      execution and delivery by Borrowers of this Amendment and the performance by
      Borrowers of their obligations under the Loan Agreement, as amended by this
      Amendment, have been duly authorized;

     

    4.5  The
      execution and delivery by Borrowers of this Amendment and the performance by
      Borrowers of their obligations under the Loan Agreement, as amended by this
      Amendment, do not and will not contravene (a) any law or regulation binding
      on
      or affecting Borrowers, (b) any contractual restriction with a Person binding
      on
      Borrowers, (c) any order, judgment or decree of any court or other governmental
      or public body or authority, or subdivision thereof, binding on Borrowers,
      or
      (d) the organizational documents of Borrowers;

     

    4.6  The
      execution and delivery by Borrowers of this Amendment and the performance by
      Borrowers of their obligations under the Loan Agreement, as amended by this
      Amendment, do not require any order, consent, approval, license, authorization
      or validation of, or filing, recording or registration with, or exemption by
      any
      governmental or public body or authority, or subdivision thereof, binding on
      any
      Borrower, except as already has been obtained or made; and

     

    4.7  This
      Amendment has been duly executed and delivered by Borrowers and is the binding
      obligation of Borrowers, enforceable against Borrowers in accordance with its
      terms, except as such enforceability may be limited by bankruptcy, insolvency,
      reorganization, liquidation, moratorium or other similar laws of general
      application and equitable principles relating to or affecting creditors’
rights.

     

    5.  Counterparts.
      This
      Amendment may be executed in any number of counterparts and all of such
      counterparts taken together shall be deemed to constitute one and the same
      instrument.

     

    
      
        
        

      

      
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    6.  Effectiveness.
      This
      Amendment shall be deemed effective upon (a) the due execution and delivery
      to
      Agent of this Amendment by each party hereto, (b) delivery by the New Borrowers
      to Agent of their respective certified Articles or Certificate of Incorporation
      and good standing certificates certified by the Secretary of State of the States
      of each New Borrowers’ respective jurisdiction of organization (in each case as
      of a date no earlier than thirty (30) days prior to the date of this Amendment),
      (c) Agent’s receipt of certified copies, dated as of a recent date, of financing
      statement searches, as Agent shall request, accompanied by written evidence
      (including any UCC termination statements) that the Liens indicated in any
      such
      financing statements either constitute Permitted Liens or have been or will
      be
      terminated or released, (d) Borrowers’ payment of a facility fee, (x) on account
      of the Term Loan, in an amount equal to $37,500, and (y), on account of the
      Committed Revolving Line, in an amount equal to $12,500, (e) the due execution
      and delivery to Agent of Intellectual Property Security Agreements by each
      New
      Borrower, (f) a Perfection Certificate and Joinder Agreement from each New
      Borrower, and (g) such other and further documents as Agent or any Lender shall
      reasonably request.

     

    [Signature
      pages follows.]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS
      WHEREOF,
      the
      parties hereto have caused this Amendment to be duly executed and delivered
      as
      of the date first written above.

     

    
      	 LENDERS	 	 BORROWERS
	 	 	 
	 KEYBANK NATIONAL ASSOCIATION	 	 PERFICIENT, INC.
	 	 	 
	 	 	 
	 By:  /s/
              Lawrence A. Mack	 	 By: /s/
              John T. McDonald
	 Name: Lawrence A. Mack	 	 Name: John
              T. McDonald
	 Title: Vice President	 	 Title: Chairman
              and CEO
	 	 	 
	 50%
              of
              Committed Revolving Line;	 	 PERFICIENT GENISYS, INC.
	 50%
              of
              Committed Term Loan Line	 	 
	 	 	 
	 	 	 By: /s/
              John T. McDonald
	 SILICON VALLEY BANK	 	 Name: John
              T. McDonald
	 	 	 Title: President
              and CEO
	 	 	 
	 By: /s/
              Philip A. White	 	 
	 Name: Philip
              A. White	 	 PERFICIENT CANADA CORP.
	 Title: Vice
              President	 	 
	 	 	 
	 50%
              of
              Committed Revolving Line;	 	 By: /s/
              John T. McDonald
	 50%
              of
              Committed Term Loan Line	 	 Name: John
              T. McDonald
	 	 	 Title: President
              and CEO
	 	 	 
	 AGENT	 	 
	 	 	 PERFICIENT MERITAGE, INC.
	 SILICON VALLEY BANK	 	 
	 	 	 
	 	 	 By: /s/
              John T. McDonald
	 By: /s/
              Philip A. White	 	 Name: John
              T. McDonald
	 Name: Philip
              A. White	 	 Title: President
              and CEO
	 Title: Vice
              President	 	 
	 	 	 
	 	 	 PERFICIENT ZETTAWORKS,
              INC.
	 	 	 
	 	 	 
	 	 	 By: /s/
              John T. McDonald
	 	 	 Name: John
              T. McDonald
	 	 	
              Title: President
                and CEO

            

    

     

    [Signature
      Page to Amendment to Amended and Restated Loan and Security
      Agreement]

    [Signatures
      Continued Next Page]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 BORROWERS
              [Cont’d]
	 	 	 
	 	 	 PERFICIENT IPATH, INC.
	 	 	 
	 	 	 
	 	 	 By: /s/
              John T. McDonald
	 	 	 Name: John
              T. McDonald
	 	 	 Title: President
              and CEO
	 	 	 
	 	 	 
	 	 	 PERFICIENT VIVARE, INC.
	 	 	 
	 	 	 
	 	 	 By: /s/
              John T. McDonald
	 	 	 Name: John
              T. McDonald
	 	 	 Title: President
              and CEO
	 	 	 
	 	 	 
	 	 	 PERFICIENT BAY STREET, LLC
	 	 	 
	 	 	 
	 	 	 By: /s/
              John T. McDonald
	 	 	 Name: John
              T. McDonald
	 	 	 Title: President
              and CEO
	 	 	 
	 	 	 
	 	 	 PERFICIENT INSOLEXEN, LLC
	 	 	 
	 	 	 
	 	 	 By: /s/
              John T. McDonald
	 	 	 Name: John
              T. McDonald
	 	 	 Title: President
              and CEO

    

    
    

     

    [Signature
      Page to Amendment to Amended and Restated Loan and Security
      Agreement]Exhibit 4.16

NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS EXERCISABLE
HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE
SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE COMPANY TO
SUCH EFFECT.

                      FORM OF COMMON STOCK PURCHASE WARRANT

                 To Purchase 2,500,000 Shares of Common Stock of

                                 FTS Group, Inc.

THIS COMMON STOCK PURCHASE WARRANT (the "Warrant") certifies that, for value
received, Olympus Securities (the "Holder"), is entitled, upon the terms and
subject to the limitations on exercise and the conditions hereinafter set forth,
at any time prior to the close of business on December 31, 2006 (the
"Termination Date") to subscribe for and purchase from FTS Group, Inc., a Nevada
corporation (the "Company"), up to 2,500,000,000 shares (the "Warrant Shares")
of Common Stock, par value $0.001 per share, of the Company (the "Common
Stock"). The purchase price of one share of Common Stock under this Warrant
shall be equal to the Exercise Price

      Section 1. Exercise.

      a) Exercise of Warrant. Exercise of the purchase rights represented by
this Warrant may be made, in whole or in part, at any time or times on or before
the Termination Date by delivery to the Company of a duly executed facsimile
copy of the Notice of Exercise Form annexed hereto (or such other office or
agency of the Company as it may designate by notice in writing to the registered
Holder at the address of such Holder appearing on the books of the Company);
provided, however, the Holder shall have surrendered this Warrant to the Company
and the Company shall have received payment of the aggregate Exercise Price of
the shares thereby purchased by wire transfer or cashier's check drawn on a
United States bank.

      b) Exercise Price. The exercise price of the Common Stock under this
Warrant shall be $0.025. The Company may, in its sole discretion, lower the
exercise price temporarily or permanently.

      c) Mechanics of Exercise.

            i. Delivery of Certificates Upon Exercise. Certificates for shares
purchased hereunder shall be transmitted by the transfer agent of the Company to
the Holder by physical delivery to the address specified by the Holder in the
Notice of Exercise within 3 Trading Days from the delivery to the Company of the
Notice of Exercise Form, surrender of this Warrant and payment of the aggregate
Exercise Price as set forth above ("Warrant Share Delivery Date"). This Warrant
shall be deemed to have been exercised on the date the Exercise Price is
received by the Company. The Warrant Shares shall be deemed to have been issued,
and Holder or any other person so designated to be named therein shall be deemed
to have become a holder of record of such shares for all purposes, as of the
date the Warrant has been exercised by payment to the Company of the Exercise
Price and all taxes required to be paid by the Holder, if any, prior to the
issuance of such shares, have been paid.

            ii. Delivery of New Warrants Upon Exercise. If this Warrant shall
have been exercised in part, the Company shall, at the time of delivery of the
certificate or certificates representing Warrant Shares, deliver to Holder a new
Warrant evidencing the rights of Holder to purchase the unpurchased Warrant
Shares called for by this Warrant, which new Warrant shall in all other respects
be identical with this Warrant.

            iii. No Fractional Shares or Scrip. No fractional shares or scrip
representing fractional shares shall be issued upon the exercise of this
Warrant. As to any fraction of a share which Holder would otherwise be entitled
to purchase upon such exercise, the Company shall, in its sole discretion,
either (i) pay a cash adjustment in respect of such final fraction in an amount
equal to such fraction multiplied by the Exercise Price, or (ii) round up the
fractional share to one whole share.

            iv. Charges, Taxes and Expenses. Issuance of certificates for
Warrant Shares shall be made without charge to the Holder for any issue or
transfer tax or other incidental expense in respect of the issuance of such
certificate, all of which reasonable and usual taxes and expenses shall be paid
by the Company, and such certificates shall be issued in the name of the Holder.

<PAGE>

            v. Closing of Books. The Company will not close its stockholder
books or records in any manner which prevents the timely exercise of this
Warrant, pursuant to the terms hereof.

      d) Voluntary Adjustment By Company. The Company may at any time during the
term of this Warrant reduce the then current Exercise Price to any amount and
for any period of time deemed appropriate by the Board of Directors of the
Company.

      Section 2. Transfer of Warrant.

      a) Transferability. This warrant is not transferable.

      b) Warrant Register. The Company shall register this Warrant, upon records
to be maintained by the Company for that purpose (the "Warrant Register"), in
the name of the record Holder hereof from time to time. The Company may deem and
treat the registered Holder of this Warrant as the absolute owner hereof for the
purpose of any exercise hereof or any distribution to the Holder, and for all
other purposes, absent actual written notice to the contrary.

      Section 3. Certain Adjustments.

      Stock Dividends and Splits. If the Company, at any time while this Warrant
is outstanding: (A) subdivides outstanding shares of Common Stock into a larger
number of shares, (B) combines (including by way of reverse stock split)
outstanding shares of Common Stock into a smaller number of shares, or (C)
issues by reclassification of shares of the Common Stock any shares of capital
stock of the Company, then in each case the Exercise Price shall be multiplied
by a fraction of which the numerator shall be the number of shares of Common
Stock (excluding treasury shares, if any) outstanding immediately before such
event and of which the denominator shall be the number of shares of Common Stock
outstanding immediately after such event and the number of shares issuable upon
exercise of this Warrant shall be proportionately adjusted. The exercise price
of the warrant shall also be adjusted to reflect any transaction described in
this section.

      Section 4. Miscellaneous.

      a) No Registration. The Company has not granted any registration rights to
the Holder. The Holder acknowledges that it will receive unregistered shares of
Common Stock upon exercise of the warrant. The Company, in its sole discretion,
may register for resale the common stock the Holder may receive upon exercise of
the warrants.

      b) No Rights as Shareholder Until Exercise. This Warrant does not entitle
the Holder to any voting rights or other rights as a shareholder of the Company
prior to the exercise hereof. Upon the surrender of this Warrant and the payment
of the aggregate Exercise Price, the Warrant Shares so purchased shall be and be
deemed to be issued to such Holder as the record owner of such shares as of the
close of business on the later of the date of such surrender or payment.

      c) Loss, Theft, Destruction or Mutilation of Warrant. The Company
covenants that upon receipt by the Company of evidence reasonably satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant or any stock
certificate relating to the Warrant Shares, and in case of loss, theft or
destruction, of indemnity or security reasonably satisfactory to it (which, in
the case of the Warrant, shall not include the posting of any bond), and upon
surrender and cancellation of such Warrant or stock certificate, if mutilated,
the Company will make and deliver a new Warrant or stock certificate of like
tenor and dated as of such cancellation, in lieu of such Warrant or stock
certificate.

      d) Saturdays, Sundays, Holidays, etc. If the last or appointed day for the
taking of any action or the expiration of any right required or granted herein
shall be a Saturday, Sunday or a legal holiday, then such action may be taken or
such right may be exercised on the next succeeding day not a Saturday, Sunday or
legal holiday.

      e) Authorized Shares. The Company covenants that its issuance of this
Warrant shall constitute full authority to its officers who are charged with the
duty of executing stock certificates to execute and issue the necessary
certificates for the Warrant Shares upon the exercise of the purchase rights
under this Warrant. The Company will take all such reasonable action as may be
necessary to assure that such Warrant Shares may be issued as provided herein
without violation of any applicable law or regulation, or of any requirements of
the Trading Market upon which the Common Stock may be listed.

      f) Jurisdiction. All questions concerning the construction, validity,
enforcement and interpretation of this Warrant shall be determined in accordance
with the laws of the State of Florida.

      g) Restrictions. The Holder acknowledges that the Warrant Shares acquired
upon the exercise of this Warrant, if not registered, will have restrictions
upon resale imposed by state and federal securities laws.

      h) Nonwaiver and Expenses. No course of dealing or any delay or failure to
exercise any right hereunder on the part of Holder shall operate as a waiver of
such right or otherwise prejudice Holder's rights, powers or remedies,
notwithstanding the fact that all rights hereunder terminate on the Termination
Date. If the Company willfully and knowingly fails to comply with any provision
of this Warrant, which results in any material damages to the Holder, the
Company shall pay to Holder such amounts as shall be sufficient to cover any
costs and expenses including, but not limited to, reasonable attorneys' fees,
including those of appellate proceedings, incurred by Holder in collecting any
amounts due pursuant hereto or in otherwise enforcing any of its rights, powers
or remedies hereunder.

<PAGE>

      i) Notices. Any notice, request or other document required or permitted to
be given or delivered to the Company shall be delivered to FTS Group, Inc., 7610
West Hillsborough Ave., Tampa, Florida 33615, with a copy to: Amy Trombly, Esq.,
Trombly Business Law, 1320 Centre Street, Suite 202, Newton Center, MA 92459,
Fax: (617) 243-0066.

      j) Amendment. This Warrant may be modified or amended or the provisions
hereof waived with the written consent of the Company and the Holder.

      k) Severability. Wherever possible, each provision of this Warrant shall
be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Warrant shall be prohibited by or invalid under
applicable law, such provision shall be ineffective to the extent of such
prohibition or invalidity, without invalidating the remainder of such provisions
or the remaining provisions of this Warrant.

      l) Headings. The headings used in this Warrant are for the convenience of
reference only and shall not, for any purpose, be deemed a part of this Warrant.

                              ********************

      IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by
its officer thereunto duly authorized.

Dated: June __, 2006

                                        FTS GROUP, INC.

                                        By: /s/ Scott Gallagher
                                            ------------------------------------
                                            Name: Scott Gallagher

                                            Title: Chief Executive Officer

<PAGE>

                               NOTICE OF EXERCISE

TO: FTS GROUP, INC.

      The undersigned hereby elects to purchase ________ Warrant Shares of the
Company pursuant to the terms of the attached Warrant (only if exercised in
full), and tenders herewith payment of the exercise price in full, together with
all applicable transfer taxes, if any.

      Please issue a certificate or certificates representing said Warrant
Shares in the name of the undersigned or in such other name as is specified
below:

                  -------------------------------

The Warrant Shares shall be delivered to the following:

                  -------------------------------

                  -------------------------------

                  -------------------------------

Tax I.D. Number

                  -------------------------------

      Accredited Investor. The undersigned is an "accredited investor" as
defined in Regulation D promulgated under the Securities Act of 1933, as
amended.

[SIGNATURE OF HOLDER]

Name of Investing Entity:

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Name of Authorized Signatory:

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Title of Authorized Signatory:

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