Document:

First Amendment to Credit and Security Agreement

 Exhibit 10.33 
 AMENDMENT TO CREDIT AND SECURITY AGREEMENT 
 AND WAIVER OF
DEFAULTS 
 THIS AMENDMENT (the “Amendment”), dated August 4, 2009 is entered into by and
among PINNACLE DATA SYSTEMS, INC., an Ohio corporation, (“Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), acting through its Wells Fargo Business Credit operating division. 

RECITALS 
 Company and Wells Fargo are parties to a Credit and Security Agreement dated April 3, 2009 (“Credit Agreement”). Capitalized terms used in these recitals have the meanings given to them in
the Credit Agreement unless otherwise specified. 
 The Company has requested that certain amendments be made to the Credit
Agreement, which Wells Fargo is willing to make pursuant to the terms and conditions set forth herein. 
 NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as follows: 

1. Section 5.2(a) and Section 5.2(b) are hereby amended to read as follows: 

(a) Minimum Book Net Worth. Based upon Company’s submitted projections, Company shall maintain, at the end of
each fiscal quarter described below, its non-cumulative Book Net Worth, determined as of the end of each fiscal quarter in an amount not less than the amount set forth below (numbers appearing between “< >” are negative): 

 

					
	 Fiscal Quarter Ending
	  	Minimum Book
Net Worth	 
		
	 September 30, 2009
	  	$	8,000,000.00	  
		
	 December 31, 2009
	  	$	8,000,000.00	  

(b) Minimum Net Income. Based upon 75% of the Company’s submitted projected Net Income (or 100% of the
Company’s projected net loss), Company shall achieve for each fiscal quarter described below, non-cumulative Net Income of not less than the amount set forth for each such fiscal quarter (numbers appearing between “< >” are
negative): 

					
	 Fiscal Quarter Ending
	  	Minimum
Net Income	 
		
	 September 30, 2009
	  	$	0	  
		
	 December 31, 2009
	  	$	0	  

 2. No Other
Changes. Except as explicitly amended by this Amendment, all of the terms and conditions of the Credit Agreement shall remain in full force and effect and shall apply to any advance thereunder. 

3. Waiver of Defaults. The Company is in default of the following provisions of the Credit Agreement (collectively, the
“Existing Defaults”): 
  

									
	 Section/Covenant
	  	Required
Performance	 	  	Actual
Performance	 
			
	 5.2(a) Minimum Book Net Worth (2Q09) (June, 2009)
	  	$	8,200,000	  	  	$	8,000,000	  
			
	 5.2(b) Minimum Net Income (2Q09) (June, 2009)
	  	$	27,000	  	  	<$	270,000>	  

 Upon the terms and
subject to the conditions set forth in this Amendment, Wells Fargo hereby waives the Existing Defaults. This waiver shall be effective only in this specific instance and for the specific purpose for which it is given, and this waiver shall not
entitle the Company to any other or further waiver in any similar or other circumstances. 
 4. Amendment Fee. The
Company shall pay Wells Fargo as of the date hereof a fully earned, non-refundable fee in the amount of Ten Thousand ($10,000.00) Dollars in consideration of Wells Fargo’s execution and delivery of this Amendment. 

5. Conditions Precedent. This Amendment and the waiver set forth in Paragraph 3 hereof shall be effective when Wells Fargo shall
have received an executed original hereof, together with each of the following, each in substance and form acceptable to Wells Fargo in its sole discretion: 
 (a) A Certificate of the Chief Financial Officer of the Company certifying as to (i) the resolutions of the board of directors of the Company approving the execution and delivery of this Amendment,
(ii) the fact that the articles of incorporation and bylaws of the Company, which were certified and delivered to Wells Fargo pursuant to the Certificate of Authority of the Company’s secretary dated April 3, 2009 (“Certificate
of Authority”) continue in full force and effect and have 

  
 -2-

 
not been amended or otherwise modified except as set forth in the Certificate to be delivered, and (iii) certifying that the officers and agents of the Company who have been certified to
Wells Fargo, pursuant to the Certificate of Authority as being authorized to sign and to act on behalf of the Company continue to be so authorized or setting forth the sample signatures of each of the officers and agents of the Company authorized to
execute and deliver this Amendment and all other documents, agreements and certificates on behalf of the Company. 
 (b) Payment of the fee described in Paragraph 4 hereof. 
 (c) Such
other matters as Wells Fargo may require. 
  

	 6.
	 Representations and Warranties. The Company hereby represents and warrants to Wells Fargo as follows: 

(a) The Company has all requisite power and authority to execute this Amendment and any other agreements or instruments
required hereunder and to perform all of its obligations hereunder, and this Amendment and all such other agreements and instruments has been duly executed and delivered by the Company and constitute the legal, valid and binding obligation of the
Company, enforceable in accordance with its terms. 
 (b) The execution, delivery and performance by the Company
of this Amendment and any other agreements or instruments required hereunder have been duly authorized by all necessary corporate action and do not (i) require any authorization, consent or approval by any governmental department, commission,
board, bureau, agency or instrumentality, domestic or foreign, (ii) violate any provision of any law, rule or regulation or of any order, writ, injunction or decree presently in effect, having applicability to the Company, or the articles of
incorporation or by-laws of the Company, or (iii) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, lease or instrument to which the Company is a party or by which it or its
properties may be bound or affected. 
 (c) All of the representations, warranties and covenants contained in
Article 4 and Article 5 of the Credit Agreement are correct on and as of the date hereof as though made on and as of such date, except to the extent that such representations and warranties relate solely to an earlier date. 

7. References. All references in the Credit Agreement to “this Agreement” shall be deemed to refer to the Credit
Agreement as amended hereby; and any and all references in the Security Documents to the Credit Agreement shall be deemed to refer to the Credit Agreement as amended hereby. 
 8. No Other Waiver. Except as otherwise provided in Paragraph 3 hereof, the execution of this Amendment and the acceptance of all other agreements and instruments related hereto shall not be deemed
to be a waiver of any Default or Event of Default under the Credit Agreement or a waiver of any breach, default or event of default under any Security Document or other document held by Wells Fargo, whether or not known to Wells Fargo and whether or
not existing on the date of this Amendment. 

  
 -3-

 9. Release. The Company hereby absolutely and unconditionally releases and forever
discharges Wells Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers,
agents and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which
the Company has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such
claims, demands and causes of action are matured or unmatured or known or unknown. 
 10. Costs and Expenses. The Company
hereby reaffirms its agreement under the Credit Agreement to pay or reimburse Wells Fargo on demand for all costs and expenses incurred by Wells Fargo in connection with the Loan Documents, including without limitation all reasonable fees and
disbursements of legal counsel. Without limiting the generality of the foregoing, the Company specifically agrees to pay all fees and disbursements of counsel to Wells Fargo for the services performed by such counsel in connection with the
preparation of this Amendment and the documents and instruments incidental hereto. The Company hereby agrees that Wells Fargo may, at any time or from time to time in its sole discretion and without further authorization by the Company, make a loan
to the Company under the Credit Agreement, or apply the proceeds of any loan, for the purpose of paying any such fees, disbursements, costs and expenses and the fee required under Paragraph 4 of this Amendment. 

11. Miscellaneous. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered
shall be deemed an original and all of which counterparts, taken together, shall constitute one and the same instrument. 

[signatures appear on the following page] 

  
 -4-

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

							
	 Attest/Witness:
	 		 	 PINNACLE DATA SYSTEMS, INC.

				
	 /s/ Michael Sayre
	 		 	 By:
	 	 /s/ Nicholas J. Tomashot

		 		 	 Print Name:
	 	 NICHOLAS J. TOMASHOT

		 		 	 Its:
	 	 Chief Financial Officer

			
		 		 	 WELLS FARGO BANK,
 NATIONAL ASSOCIATION

				
		 		 	 By:
	 	 /s/ Sabato Mutone

		 		 	 Print Name:
	 	 SABATO MUTONE

		 		 	 Its:
	 	 Vice President

  
 -5-Exhibit 4.2

 Exhibit 4.2 
 FORM OF CERTIFICATE FOR SHARES OF 7.625% 
 SERIES B CUMULATIVE REDEEMABLE
PERPETUAL PREFERRED STOCK 
  

			
	Number             	 	                     Shares
		 	CUSIP 26613Q 304

 SEE
REVERSE FOR CERTAIN DEFINITIONS AND RESTRICTIONS 
 DUPONT FABROS TECHNOLOGY, INC. 

a Corporation Formed Under the Laws of the State of Maryland 
 THIS CERTIFIES THAT
                                        
                                        
 is the owner of
                                        
 
 FULLY PAID AND NONASSESSABLE SHARES OF 7.625% SERIES B CUMULATIVE REDEEMABLE PERPETUAL PREFERRED STOCK, LIQUIDATION PREFERENCE $25.00 PER
SHARE, $0.001 PAR VALUE PER SHARE, OF 
 DUPONT FABROS TECHNOLOGY, INC. 

(the “Corporation”), transferable on the books of the Corporation by the registered holder hereof in person or by duly authorized attorney upon
surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby are issued and shall be held subject to all of the provisions of the charter of the Corporation (the “Charter”) and the Bylaws of the
Corporation and any amendments thereto. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. 

Dated:                      

 

					
	  
	 		 	  

	 Secretary
	 		 	 President

Countersigned and Registered: 

Computershare Trust Company, N.A. 
 Transfer Agent and Registrar 

 DUPONT FABROS TECHNOLOGY, INC. 

The following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written
out in full according to applicable laws or regulations: 
  

							
	TEN COM	  	-as tenants in common	  	UNIF GIFT MIN ACT-	  	                 Custodian
                
				
	TEN ENT	  	-as tenants by the entireties	  		  	(Cust)                          
(Minor)
				
	JT TEN	  	-as joint tenants with right of survivorship and not as tenants in common	  		  	 under Uniform Gifts to Minors Act of             

                         
                                     
(State)

 Additional abbreviations may also be used though not in the above list. 

For Value Received,
                     hereby sell, assign and transfer unto 
 PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF ASSIGNEE 

 

			
	 	 
	 	 	 

(Please Print or Typewrite Name and Address Including Zip Code, of Assignee) 
 Shares of the 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share, of the Corporation represented by the within Certificate, and do hereby irrevocably
constitute and appoint
                                        
 attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises. 
  

							
	Dated:                     	  				  	
		  	 	X	  	  	  

			
		  	 	X	  	  	  

			
		  				  	NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR
ANY CHANGE WHATEVER.

  

			
	Signature(s) Guaranteed
		
	 By
	 	  

	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15

 The shares of Series B Cumulative Redeemable Perpetual Preferred Stock represented by
this certificate are subject to restrictions on Beneficial and Constructive Ownership and Transfer for the purpose, among others, of the Corporation’s maintenance of its status as a Real Estate Investment Trust under the Internal Revenue Code
of 1986, as amended, (the “Code”). Subject to certain further restrictions and except as expressly provided in the Corporation’s Charter, (i) no Person may Beneficially or Constructively Own in excess of 9.8% (in value or number
of shares, whichever is more restrictive) of the Corporation’s Series B Preferred Stock; (ii) no Person shall Beneficially Own shares of Series B Preferred Stock to the extent that such Beneficial Ownership would result in the
Corporation being “closely held” within the meaning of Section 856(h) of the Code (without regarding to whether the ownership interest is held during the last half of a taxable year); (iii) no Person shall Transfer shares of
Series B Preferred Stock to the extent such Transfer would result in the Capital Stock being beneficially owned by less that one hundred (100) Persons, as determined under the principles of Section 856(a)(5) of the Code (determined under
the principles of Section 856(a)(5) of the Code); and (iv) no Person shall Constructively Own shares of Series B Preferred Stock to the extent such Constructive Ownership would cause the Corporation to Constructively Own ten percent
(10%) or more of the ownership interest in a tenant of the Corporation’s real property within the meaning of Section 856(d)(2)(B) of the Code. Any Person who Beneficially or Constructively Owns or attempts to Beneficially or
Constructively Own shares of Series B Preferred Stock which causes or will cause a Person to Beneficially or Constructively Own shares of Series B Preferred Stock in excess or in violation of the above limitations must immediately notify the
Corporation. If any of the restrictions on transfer or ownership are violated, the shares of Series B Preferred Stock represented hereby will be automatically transferred to a Trustee of a Charitable Trust for the benefit of one or more Charitable
Beneficiaries. 
 In addition, subject to certain further restrictions and except as expressly provided in the
Corporation’s Charter, (i) no Person (other than a Qualified Institutional Investor) shall Beneficially or Constructively Own shares of Capital Stock in excess of three and three-tenths percent (3.3%) in value of the aggregate of the
outstanding shares of Capital Stock, excluding any outstanding shares of Capital Stock not treated as outstanding for federal income tax purposes, unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be
applicable); (ii) no person (other than a Qualified Institutional Investor) shall Beneficially or Constructively Own shares of Common Stock in excess of three and three-tenths percent (3.3%) in value or in number of shares, whichever is
more restrictive of the outstanding shares of Common Stock, excluding any outstanding shares of Common Stock not treated as outstanding for federal income tax purposes, unless such Person is an Excepted Holder (in which case the Excepted Holder
Limit shall be applicable); (iii) no Qualified Institutional Investor shall Beneficially or Constructively Own shares of Capital Stock in excess of nine and eight-tenths percent (9.8%) in value of the aggregate of the outstanding shares of
Capital Stock, excluding any outstanding shares of Capital Stock not treated as outstanding for federal income tax purposes, unless such Qualified Institutional Investor is an Excepted Holder (in which case the Excepted Holder Limit shall be
applicable); (iv) no Qualified Institutional Investor shall Beneficially or Constructively Own shares of the Corporation’s Common Stock in excess of nine and eight-tenths percent (9.8%) in value or number of shares, whichever is more
restrictive, of the outstanding shares of Common Stock, excluding any outstanding shares of Common Stock not treated as outstanding for federal income tax purposes, unless such Qualified Institutional Investor is an Excepted Holder (in which case
the Excepted Holder Limit shall be applicable); (v) no Person shall Beneficially Own shares of Capital Stock to the extent that such Beneficial Ownership would result in the Corporation being “closely held” within the meaning of
Section 856(h) of the Code (without regarding to whether the ownership interest is held during the last half of a taxable year); (vi) no Person shall Transfer shares of Capital Stock to the extent such Transfer would result in the Capital
Stock being beneficially owned by less that one hundred (100) Persons, as determined under the principles of Section 856(a)(5) of the Code (determined under the principles of Section 856(a)(5) of the Code); and (vii) no Person
shall Constructively Own shares of Capital Stock to the extent such Constructive Ownership would cause the Corporation to Constructively Own ten percent (10%) or more of the ownership interest in a tenant of the Corporation’s real property
within the meaning of Section 856(d)(2)(B) of the Code. Any Person who Beneficially or Constructively Owns or attempts to Beneficially or Constructively Own shares of Capital Stock or Common Stock which causes or will cause a Person to
Beneficially or Constructively Own shares of Capital or Common Stock in excess or in violation of the above limitations must immediately notify the Corporation. If any of the restrictions on transfer or ownership are violated, the shares of Capital
Stock represented hereby will be automatically transferred to a Trustee of a Charitable Trust for the benefit of one or more Charitable Beneficiaries. In addition, upon the occurrence of certain events, attempted Transfers in violation of the
restrictions described above may be void ab initio. All capitalized terms in this legend have the meanings defined in the Charter of Corporation, as the same may be amended from time to time, a copy of which, including the restrictions on transfer
and ownership, will be furnished to each holder of Series B Preferred Stock of the Corporation on request and without charge. 

The Corporation will furnish to any stockholder on request and without charge a full statement of the designations and any preferences,
conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of redemption of the stock of each class which the Corporation is authorized to issue, to the extent they have been set,
and of the authority of the Board of Directors to set the relative rights and preferences of a subsequent series of a preferred or special class of stock. Such request may be made to the Secretary of the Corporation or to its transfer agent.

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