Document:

THTH - Overadvance

                                                                January 26, 2006

Thinkpath Inc. and each of its subsidiaries
201 Westcreek Boulevard
Brampton, Ontario, Canada L6T 5S6
Attention: Chief Financial Officer

                           Re: Overadvance Side Letter

Dear Ms. Hankinson:

      Reference is hereby made to that certain Security Agreement dated as of
June 27, 2005 by and among Thinkpath, Inc., an Ontario corporation ("THINKPATH")
and such other subsidiaries of Thinkpath named in that certain Security
Agreement or which hereafter become a party thereto (collectively, the
"COMPANY") and Laurus Master Fund, Ltd., a Cayman Islands company ("LAURUS") (as
amended, modified and/or supplemented from time to time, the "SECURITY
AGREEMENT"). Capitalized terms used but not defined herein shall have the
meanings ascribed them in the Security Agreement. Reference is made to the
letter agreement, dated as of June 27, 2005 between the Thinkpath, Thinkpath,
Inc., an Ohio corporation ("THINKPATH (OH)"), Thinkpath of Michigan Inc., a
Michigan corporation ("THINKPATH (MI)"), Thinkpath Technical Services Inc., a
Ohio corporation ("TECHNICAL SERVICES" and, together with Thinkpath, Thinkpath
(OH) and Thinkpath (MI), the "COMPANIES" and, each a "COMPANY") and Laurus (the
"FIRST OVERADVANCE WAIVER"), pursuant to which Laurus agreed to fund an
Overadvance (as defined therein) to Thinkpath in the aggregate principal amount
of up to $1,000,000 (the "FIRST OVERADVANCE"). Laurus is hereby notifying you of
its decision to again exercise the discretion granted to it pursuant to Section
2(a)(ii) of the Security Agreement to make a Loan to Thinkpath in excess of the
Formula Amount on the date hereof (the "SECOND OVERADVANCE", and together with
the First Overadvance, the "OVERADVANCES"). The aggregate principal amount of
the Overadvances as of the date hereof shall be $1,200,000. Thinkpath hereby
acknowledges that it is receiving $310,882 of proceeds from the Second
Overadvance as of the date hereof and is otherwise obligated to repay the
Overadvance in full (i.e. $1,200,000 together with accrued interest and fees
which remain unpaid in respect thereof) as required per the terms set forth
herein and in the Security Agreement.

      In connection with making the Overadvances, for a period of 180 days from
the date hereof (the "Period"), Laurus hereby waives compliance with Section 3
of the Security Agreement, but solely as such provision relates to the immediate
repayment requirement for Overadvances. Laurus further agrees that solely for
such Period (but not thereafter), (i) the Overadvances shall not trigger an
Event of Default under Section 19(a) of the Security Agreement and (ii)
notwithstanding anything set forth to the contrasry in Section 5(b)(ii) of the
Security Agreement, the rate of interest (the "OVERADVANCE RATE") applicable to
Overadvances shall be two percent (2.0%) per month (i.e. 24.0% per annum);
provided that, to the extent that (x) the Overadvance is not repaid in full on
or prior to the 180th day following the date hereof and (y) no other Event of
Default shall have occurred and be continuing, the Overadvance Rate otherwise
applicable to such Overadvances shall be increased by an additional one percent
(1.0%) per month (12.0% per annum). All other terms and provisions of the
Security Agreement and the Ancillary Agreements remain in full force and effect.

                                      -1-
<PAGE>

      In consideration of Laurus' willingness to extend to Thinkpath the
Overadvances, Thinkpath will, on the date hereof, issue a six year warrant (the
"ADDITIONAL WARRANT") to Laurus to purchase 500,000 shares of the common stock
of Thinkpath with an exercise price of $0.01 per share, such Additional Warrant
to be in the form attached hereto as Exhibit A. The Company further agrees to
file a Registration Statement (as defined in the Registration Rights Agreement),
to register the shares of Common Stock that may be issued upon exercise of the
Additional Warrant upon the earlier to occur of (x) the 30th day following the
date upon which the SEC has declared effective each Registration Statement filed
by Thinkpath as of the date hereof for the benefit of Laurus as reseller and (y)
the 90th day following the date hereof (the "Filing Date"). For the avoidance of
date, the "Filing Date" shall be deemed a Filing Date as defined in the
Registration Rights Agreement.

      The Companies hereby each acknowledge and agree that Laurus' obligation to
fund and/or maintain, as the case may be, the Overadvances shall be contingent
upon the prior satisfaction (or waiver by Laurus) of the following conditions:
(i) receipt by Laurus of the duly authorized and executed Additional Warrant and
(ii) receipt by Laurus of the duly authorized and executed Reaffirmation
Agreement in the form attached hereto as Exhibit B.

      This letter may not be amended or waived except by an instrument in
writing signed by the Company and Laurus. This letter may be executed in any
number of counterparts, each of which shall be an original and all of which,
when taken together, shall constitute one agreement. Delivery of an executed
signature page of this letter by facsimile transmission shall be effective as
delivery of a manually executed counterpart hereof or thereof, as the case may
be. This letter shall be governed by, and construed in accordance with, the laws
of the State of New York. This letter sets forth the entire agreement between
the parties hereto as to the matters set forth herein and supersede all prior
communications, written or oral, with respect to the matters herein.

      The Company understands that the Company has an affirmative obligation to
make prompt public disclosure of material agreements and material amendments to
such agreements. It is the Company's determination that neither this letter nor
the terms and provisions of this letter, (collectively, the "INFORMATION") are
material. The Company has had an opportunity to consult with counsel concerning
this determination. The Company hereby agrees that Laurus shall not be in
violation of any duty to the Company or its shareholders, nor shall Laurus be
deemed to be misappropriating any information of the Company, if Laurus sells
shares of common stock of the Company, or otherwise engages in transactions with
respect to securities of the Company, while in possession of the Information.

      If the foregoing meets with your approval please signify your acceptance
of the terms hereof by signing below.

                                                   LAURUS MASTER FUND, LTD.

                                                   By: /s/ Eugene Grin
                                                   -----------------------
                                                   Name: Eugene Grin
                                                   Title: Director

                                      -2-
<PAGE>

      Agreed and accepted on the date hereof

      THINKPATH INC., an Ontario corporation

      By: /s/ Declan French
      --------------------------------------
          Name: Declan French
          Title: Chief Executive Officer

      THINKPATH INC., an Ohio corporation

      By: /s/ Declan French
      --------------------------------------
          Name: Declan French
          Title: Chief Executive Officer

      THINKPATH OF MICHIGAN INC., a Michigan corporation

      By: /s/ Declan French
      --------------------------------------
          Name: Declan French
          Title: Chief Executive Officer

      THINKPATH TECHNICAL SERVICES INC., an Ohio corporation

      By: /s/ Declan French
      --------------------------------------
          Name: Declan French
          Title: Chief Executive Officer

                                      -3-
<PAGE>

                                                                       EXHIBIT A

                           FORM OF ADDITIONAL WARRANT

                                      -4-
<PAGE>

                                                                       EXHIBIT B

                FORM OF REAFFIRMATION AND RATIFICATION AGREEMENT

                                      -5-Letter of Engagement
                                 Thinkpath, Inc.
                                  July 7, 2005

The following sets forth the agreement for the engagement of Financial Media
Relations, LLC. ("FMR") by Company Name ("Thinkpath, Inc" or the "COMPANY"):

TERM              Twelve months, commencing as of the date set forth above (the
                  "Initial Term"), and terminable thereafter by either party
                  upon 30 days' prior written notice.

OBJECTIVE         The development and implementation of a proactive marketing
                  program to increase the awareness of the Company and generate
                  a significant increase in the liquidity and market
                  capitalization. In addition, upon request, FMR will advise the
                  Company in business development and strategic advisory
                  services.

THE PROGRAM       FMR will structure and implement a marketing program designed
                  to create extensive financial market and investor awareness
                  for the Company to drive long-term shareholder support. The
                  core drivers of the program will be to create institutional
                  and retail buying in the Company's stock through a proactive
                  sales and marketing program emphasizing technology-driven
                  communications, coupled with 1-to-1 selling and leveraging the
                  Company's image to attract additional long term investors and
                  to create additional opportunities in M&A and Business
                  Development. As share price is affected by various factors,
                  FMR can give no assurance that the marketing program will
                  result in an increase in the Company's stock price.

                  FMR understands that during any period in which the Company is
                  in "registration" for a public offering of securities under
                  the Securities Act of 1933, and during the distribution of
                  such securities, the Company's investor relations and
                  marketing efforts will be severely limited. However, it will
                  be the responsibility of the Company (with the advice of its
                  securities counsel) to determining what investor relations and
                  financial marketing efforts are permissible and
                  non-permissible during such periods, and FMR will follow the
                  direction of the Company and its securities counsel.

                                      -1-
<PAGE>

RESPONSIBILITIES  In addition to marketing and financial public relations, FMR
                  will assume the responsibilities of an in-house Investor
                  Relations Officer for the Company on a full turnkey basis,
                  including the generation of corporate and shareholder
                  communications, retail and institutional investor contact and
                  media. FMR will work in conjunction with the Company's
                  management, securities counsel, investment bankers and
                  auditors and under supervision of management. The content is
                  as follows:

                  o     Campaign Development and Execution
                  o     Press Annnouncements: drafting, approval and
                        distribution
                  o     Database Development and Management
                  o     Image Analysis: recommendations and implementation
                  o     Messaging: institutional and retail
                  o     Online presentations, drafting and production
                        responsibilities
                  o     Website Overhaul - installation and maintenance of auto
                        IR program
                  o     Email messaging: targets; Retail and Institutional /
                        Other databases
                  o     Media including interactives and PowerPoints
                  o     Direct Mail: shareholder, media, XYZ relationship
                        universe
                  o     Public Relations
                  o     Capital Conference

FEES              $ 10,000.00 due on execution of contract. $10,500.00 due and
                  payable three weeks after execution of contract. Five weeks
                  after execution of contract, the Company begins paying
                  $7,500.00 per month until the next registration statement is
                  effective. Upon effectiveness, the Company will pay $12,500.00
                  per month plus the deferred discount ($5,000.00 per month)
                  while waiting for the registration statement to become
                  effective.

COMPENSATION      a) As soon as practicable after the execution of this
                  Agreement, the Company agrees to issue to FMR an option (the
                  "Option to purchase 500,000 shares of common stock of the
                  Company (the "Option Shares"), exercisable at the closing bid
                  price on the date this agreement is executed. The Option shall
                  be exercisable for a period of two years and may be exercised
                  on a cashless basis if such Option Shares are not registered
                  pursuant to (c) under Compensation of this Agreement within
                  one year from the date of this Agreement.

                                      -2-
<PAGE>

                  b) As soon as practicable after the execution of this
                  Agreement, the Company agrees to issue to FMR an option (the
                  "Option") to purchase 100,000 shares of common stock of the
                  Company (the "Option Shares"), exercisable at $ 1.20 per
                  share. The Option shall be exercisable for a period of two
                  years and may be exercised on a cashless basis if such Option
                  Shares are not registered pursuant to (c) under Compensation
                  of this Agreement within one year from the date of this
                  Agreement.

                  d) The Option Shares shall vest immediately and be deemed
                  earned upon issuance, and all options shall have "piggyback"
                  registration rights. The Company agrees to include the Option
                  Shares in any registration statement the Company files
                  subsequent to the signing of this agreement.

MARKETING
BUDGET            To support the financial marketing program, the Company
                  acknowledges that it will incur certain third party marketing
                  costs. Prior to the execution of this agreement, FMR will
                  prepare a detailed three-month budget setting forth the
                  approximate costs associated with the campaign. FMR will not
                  incur these costs without the approval of the Company. At
                  FMR's request, the Company will pay these costs directly to
                  the third party.

Consultant shall receive 100,000 restricted shares of common stock upon signing
of this Agreement. These shares are deemed fully earned at issuance.

If Consultant introduces a merger or a combination of sorts with another entity
to the Company, the Consultant shall be entitled to a finder's fee, and the
Company shall enter into an agreement with the Consultant respecting the payment
of a finder's fee.

Company Obligations

      1.    Corporation agrees to assist consultant, as requested, in the
            preparation of the corporate profile report.

      2.    Corporation will, if requested, provide or arrange to be provided to
            Consultant or its designee, suitable accounting information as may
            be necessary to complete the corporate "due diligence" necessary to
            compile an accurate and detailed profile report on the company.

                                      -3-
<PAGE>

      3.    Corporation agrees to provide Consultant with cetin business and
            other material information about the Company, its products,
            services, contacts, pending litigation, patents, trademarks and
            other such business matter which Consultant may request an which
            Consultant considers to be important for the completion of this
            contract.

      4.    Corporation agrees, during the term of this agreement, to notify
            Consultant of any changes in the status or nature of its business,
            any pending litigation, or any other developments that may require
            further disclosure.

      5.    Corporation will provide weekly DTC sheets showing the daily trading
            o stock to Consultant.

      5.    Corporation will provide the NOBO list to Consultant monthly.

INDEMNIFICATION   The Company agrees to provide the indemnification set forth
                  in "Exhibit A" attached hereto.

CORPORATE         The obligations of FMR are solely corporate obligations,
OBLIGATIONS       and no officer, director, employee, agent, shareholder or
                  controlling person of FMR shall be subject to any personal
                  liability whatsoever to any person, nor will
                  any such claim be asserted by or on behalf
                  of any other party to this Agreement.

ADDITIONAL        If FMR is called upon to render services directly or
SERVICES          indirectly relating to the subject matter of this Agreement,
                  beyond the services contemplated above (including, but
                  not limited to, production of documents,
                  answering interrogatories, giving
                  depositions, giving expert or other
                  testimony, whether by agreement, subpoena or
                  otherwise), the Company shall pay to FMR a
                  reasonable hourly rates for the persons
                  involved for the time expended in rendering
                  such services, including, but not limited
                  to, time for meetings, conferences,
                  preparation and travel, and all related
                  costs and expenses and the reasonable legal
                  fees and expenses of FMR's counsel.

                                      -4-
<PAGE>

SURVIVAL OF       The Sections entitled "Indemnification" (including "Exhibit
CERTAIN           A"), "Corporate Obligation" and " Additional Services" shall
PROVISIONS        survive any termination of this Agreement and FMR's engagement
                  pursuant to this Agreement. In addition, such termination
                  shall not terminate FMR's right to compensation accrued
                  through the date of termination and for reimbursement of
                  expenses. Any purported termination of this Agreement by the
                  Company prior to the end of the Initial Term, or any
                  termination by FMR as a result of non-payment or other
                  material breech by the Company, shall not terminate FMR's
                  right to the monthly fee through the entire Initial Term (as
                  FMR's time and commitment are expected to be greater in the
                  first part of its engagement).

ATTORNEYS FEES    If any action or proceeding is brought to enforce or interpret
                  any provision of this Agreement, the prevailing party shall be
                  entitled to recover as an element of its costs, and not its
                  damages, reasonable attorneys' fees to be fixed by the court.

GOVERNING LAW     California, without giving effect to the principles of
                  conflicts of law thereof.

                                      -5-
<PAGE>

Agreed and Accepted:

Thinkpath, Inc.                           Financial Media Relations LLC
201 Westcreek Boulevard Brampton ON       28715 Los Alisos Blvd.
L6T5S6 Canada                             Suite 316
                                          Mission Viejo, CA  92692

By /s/ Declan French                      By /s/ Scott Mac Caughern
--------------------                      -------------------------
Name: Declan French                       Name: Scott Mac Caughern
Position: CEO                             Position: Managing Member

                                      -6-
<PAGE>

                                    EXHIBIT A

                           INDEMNIFICATION PROVISIONS

Thinkpath, Inc. (the "COMPANY"), unconditionally, absolutely and irrevocably
agrees to and shall defend, indemnify and hold harmless Financial Media
Relations LLC (" FMR") and its past, present and future directors, officers,
affiliates, counsel, shareholders, employees, agents, representatives,
contractors, successors and assigns (FMR and such persons are collectively
referred to as the "INDEMNIFIED PERSONS") from and against any and all losses,
claims, costs, expenses, liabilities and damages (or actions in respect thereof)
arising out of or related to this Agreement, and any actions taken or omitted to
be taken by an Indemnified Party in connection with this Agreement ("INDEMNIFIED
CLAIM"). Without limiting the generality of the foregoing, such indemnification
shall cover losses, claims, costs, expenses, liabilities and damages imposed on
or incurred by the Indemnified Persons, directly or indirectly, relating to,
resulting from, or arising out of any misstatement of fact or omission of fact,
or any inaccuracy in any information provided or approved by the Company in
connection with the engagement, including information in an SEC filing, press
release, website, marketing material or other document, whether or not the
Indemnified persons relied thereon or had knowledge thereof. In addition, the
Company agrees to reimburse the Indemnified Persons for legal or other expenses
reasonable incurred by them in respect of each Indemnified Claim at the time
such expenses are incurred. Notwithstanding the foregoing, the Company shall not
be obligated under the foregoing for any loss, claim, liability or damage which
is finally determined to have resulted primarily from the willful misconduct,
bad faith or gross negligence of the Indemnified Person.

If any proceeding shall be brought or asserted under these provisions against an
Indemnified Person in respect of which indemnity may be sought under these
provisions from the Company, the Indemnified Person shall give prompt written
notice of such proceeding to the Company who shall assume the defense thereof,
including the employment of counsel reasonably satisfactory to the Indemnified
Person (or if more than one, FMR), and the payment of all reasonable expenses;
provided that any delay or failure to notify the Company shall relieve the
Company of its obligations hereunder only to the extent, if at all, that it is
materially prejudiced by reason of such delay or failure. In no event shall any
Indemnified Person be required to make any expenditure or bring any cause of
action to enforce the Company's obligations and liability under the pursuant to
the indemnifications set forth in these provisions. The Indemnified Person shall
have the right to employ separate counsel in any of the foregoing proceedings
and to participate in the defense thereof, but the fees and expenses of such
counsel shall be at the expense of the Indemnified Person unless; (i) the
Company has agreed to pay such fees and expensed; or (ii) the indemnified Person
shall in good faith determine that there exists actual or potential conflicts of
interest which make representation by the same counsel inappropriate and the

                                      -7-
<PAGE>

Company refuses to provide separate counsel. In the event that the Company,
within five days after notice of any such proceeding, fails to assume the
defense thereof, the Indemnified Persons shall have the right to undertake the
defense, compromise or settlement of such proceeding, for the account of the
Company, subject to the right of the Company to assume the defense of such
proceeding with counsel reasonably satisfactory to the Indemnified Person at any
time prior to the settlement, compromise or final determination thereof by
reimbursing the Indemnified Person for all fees and costs incurred to date.
Anything in these provisions to the contrary notwithstanding, the Company shall
not, without the prior written consent of FMR (if FMR is an Indemnified Person)
or the Indemnified Person if FMR is not an Indemnified Person settle or
compromise any proceeding or consent to the entry of any judgment with respect
to any proceeding; provided, however, that the Company may, consent to the entry
of any judgment with respect to any proceeding; provided, however, that the
Company may, without the Indemnified Person's prior written consent, settle or
compromise any such proceeding that requires solely the payment of money damages
by the Indemnified Person and that includes as an unconditional term thereof,
the release by the claimant or the plaintiff of the Indemnified Person from all
liability in respect of such proceeding.

                                      -8-

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