Document:

v0318_exhibit.htm

     

    
      EXHIBIT
10.66

       

      En
Pointe Technologies Sales, Inc.

    

    
      AGREEMENT
FOR INVENTORY FINANCING

    

    
      TABLE OF
CONTENTS

    

    
      

       

      Section
1. DEFINITIONS;
ATTACHMENTS.................................................................................................................................................................................................1

      1.1 Special Definitions.........................................................................................................................................................................................................................................
1

    

    
      1.2 Other Defined
Terms......................................................................................................................................................................................................................................1

    

    
      1.3 Attachments
...................................................................................................................................................................................................................................................7

    

    
      Section
2. CREDIT LINE; FINANCE CHARGES; OTHER
CHARGES  ...................................................................................................................................................7

    

    
      2.1 Credit Line.
......................................................................................................................................................................................................................................................
7

    

    
      2.2 Product Advances. .
......................................................................................................................................................................................................................................7

    

    
      2.3 Finance and Other
Charges..........................................................................................................................................................................................................................
8

    

    
      2.4 Customer Account
Statements
....................................................................................................................................................................................................................9

    

    
      2.5 Shortfall
...........................................................................................................................................................................................................................................................9

    

    
      2.6 Application of
Payments..............................................................................................................................................................................................................................
9

    

    
      2.7 Prepayment and Reborrowing
By Customer
..............................................................................................................................................................................................9

    

    
      Section
3. CREDIT LINE ADDITIONAL
PROVISIONS .............................................................................................................................................................................9

    

    
      3.1 Ineligible Accounts
.......................................................................................................................................................................................................................................9

    

    
      3.2 Reimbursement
for Charges.
..
.....................................................................................................................................................................................................................10

    

    
      3.3 Lockbox and Special Account.
...................................................................................................................................................................................................................
10

    

    
      3.4 Collections. .
..................................................................................................................................................................................................................................................10

    

    
      3.5 Customer’s Application of Remittances on Accounts and
Credits......................................................................................................................................................
11

    

    
      3.6 Authorization to File;
Power of
Attorney..................................................................................................................................................................................................11

    

    
      Section
4. SECURITY –
COLLATERAL .......................................................................................................................................................................................................12

    

    
      4.1 Grant.................................................................................................................................................................................................................................................................12

    

    
      4.2 Further Assurances. .
...................................................................................................................................................................................................................................13

    

    
      Section
5. CONDITIONS
PRECEDENT ........................................................................................................................................................................................................13

    

    
      5.1 Conditions Precedent to
the Effectiveness of this Agreement..
............................................................................................................................................................13

    

    
      5.2 Conditions Precedent to Each Product Advance. .
...................................................................................................................................................................................14

    

    
      Section
6. REPRESENTATIONS AND
WARRANTIES .............................................................................................................................................................................15

    

    
      6.1 Organization and Qualifications. .
................................................................................................................................................................................................................15

    

    
      6.2 Rights in Collateral;
Priority of Liens.
........................................................................................................................................................................................................
15

    

    
      6.3 No Conflicts. .
................................................................................................................................................................................................................................................15

    

    
      6.4 Enforceability.
................................................................................................................................................................................................................................................
15

    

    
      6.5 Locations of
Offices,
Records and Inventory.
..........................................................................................................................................................................................
15

    

    
      6.6 Fictitious Business
Names.
..........................................................................................................................................................................................................................
16

    

    
      6.7 Organization Name
........................................................................................................................................................................................................................................16

    

    
      6.8 No Judgments or
Litigation
.........................................................................................................................................................................................................................16

    

    
      6.9 No Defaults..
..................................................................................................................................................................................................................................................16

    

    
      6.10 Labor Matters.
.............................................................................................................................................................................................................................................
16

    

    
      6.11 Compliance with Law
.................................................................................................................................................................................................................................16

    

    
      6.12 ERISA...........................................................................................................................................................................................................................................................
16

    

    
      6.13 Compliance with
Environmental Laws.
....................................................................................................................................................................................................
16

    

    
      6.14 Intellectual Property..
.................................................................................................................................................................................................................................17

    

    
      6.15 Licenses and Permits.
..................................................................................................................................................................................................................................17

    

    
      6.16 Investment Company
.................................................................................................................................................................................................................................17

    

    
      6.17 Taxes and Tax Returns.
..............................................................................................................................................................................................................................
17

    

    
      6.18 Status of Accounts
....................................................................................................................................................................................................................................17

    

    
      6.19 Affiliate/Subsidiary
Transactions. .
.........................................................................................................................................................................................................17

    

    
      6.20 Accuracy and Completeness
of Information.
........................................................................................................................................................................................
 18

    

    
      6.21 Recording Taxes. .
.......................................................................................................................................................................................................................................18

    

    
      6.22 Indebtedness.
..............................................................................................................................................................................................................................................
18

    

    
      6.23 Not Consumer Transaction.
......................................................................................................................................................................................................................
18

       

       

       

       

      En Pointe Technologies Sales,
Inc. –
AIFAR                                                                           -
i -

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          
            6.24 Limitations on Lockboxes
and Special Accounts.
.................................................................................................................................................................................
18

          

          
            6.25 Security Interest
..........................................................................................................................................................................................................................................18

          

          
            Section
7. AFFIRMATIVE COVENANTS
......................................................................................................................................................................................................18

          

          
            7.1  Financial and Other
Information.
...............................................................................................................................................................................................................
18

          

          
            7.2  Location of Customer and
Collateral..
.......................................................................................................................................................................................................20

          

          
            7.3  Changes in Customer Address.
.................................................................................................................................................................................................................
20

          

          
            7.4  Legal Entity Existence.
..................................................................................................................................................................................................................................20

          

          
            7.5  ERISA.............................................................................................................................................................................................................................................................
20

          

          
            7.6  Environmental Matters
................................................................................................................................................................................................................................21

          

          
            7.7 Collateral Books and Records/Collateral
Audit.
.......................................................................................................................................................................................
21

          

          
            7.8 Insurance; Casualty Loss.
............................................................................................................................................................................................................................22

          

          
            7.9 Taxes................................................................................................................................................................................................................................................................22

          

          7.10 Compliance With
Laws................................................................................................................................................................................................................................22

          
            7.11 Fiscal Year
.....................................................................................................................................................................................................................................................22

          

          
            7.12 Intellectual Property..
..................................................................................................................................................................................................................................22

          

          
            7.13 Maintenance of Property.
...........................................................................................................................................................................................................................
22

          

          
            7.14 Collateral.
......................................................................................................................................................................................................................................................
23

          

          
            7.15 Additional Collateral,
etc
............................................................................................................................................................................................................................23

          

          
            7.16 Financial Covenants;
Additional Covenants
..........................................................................................................................................................................................24

          

          
            Section
8. NEGATIVE
COVENANTS .............................................................................................................................................................................................................24

          

          
            8.1  Liens. ............................................................................................................................................................................................................................................................. 25

          

          
            8.2  Disposition of Assets. .
...............................................................................................................................................................................................................................25

          

          
            8.3  Changes in Customer..
.................................................................................................................................................................................................................................25

          

          
            8.4  Guaranties. .
...................................................................................................................................................................................................................................................25

          

          
            8.5  Restricted Payments.
....................................................................................................................................................................................................................................
25

          

          
            8.6  Investments. .
................................................................................................................................................................................................................................................25

          

          
            8.7  Affiliate/Subsidiary Transactions.
.............................................................................................................................................................................................................
25

          

          
            8.8  ERISA.............................................................................................................................................................................................................................................................
25

          

          
            8.9  Additional
Negative Pledges. ....................................................................................................................................................................................................................
26

          

          8.10 Storage of Collateral
with Bailees and Warehousemen.. .......................................................................................................................................................................26

          
            8.11 Accounts..
....................................................................................................................................................................................................................................................26

          

          
            8.12 Indebtedness. .
............................................................................................................................................................................................................................................26

          

          
            8.13 Loans..
...........................................................................................................................................................................................................................................................26

          

          
            8.14 Lockboxes and Special
Accounts .............................................................................................................................................................................................................26

          

          
            Section
9.
DEFAULT ..........................................................................................................................................................................................................................................26

          

          
            9.1   Event of Default. .
........................................................................................................................................................................................................................................26

          

          
            9.2   Cessation of Advances and
Acceleration
...............................................................................................................................................................................................27

          

          
            9.3   Remedies.
......................................................................................................................................................................................................................................................
28

          

          
            9.4   Waiver ...........................................................................................................................................................................................................................................................29

          

          
            Section
10.
MISCELLANEOUS .......................................................................................................................................................................................................................29

          

          
            10.1 Term; Termination.
......................................................................................................................................................................................................................................
29

          

          
            10.2 Indemnification. .
.........................................................................................................................................................................................................................................29

          

          
            10.3 Additional
Obligations..
.............................................................................................................................................................................................................................29

          

          
            10.4 LIMITATION OF LIABILITY...................................................................................................................................................................................................................
30

          

          
            10.5 Alteration/Waiver. .
....................................................................................................................................................................................................................................30

          

          
            10.6 Severability.
.................................................................................................................................................................................................................................................
30

          

          
            10.7 One Loan..
....................................................................................................................................................................................................................................................30

          

          
            10.8 Additional Collateral
...................................................................................................................................................................................................................................30

          

          
            10.9 No Merger or Novations.
...........................................................................................................................................................................................................................
31

          

          
            10.10 Paragraph Titles. .
......................................................................................................................................................................................................................................31

          

          
            10.11 Binding Effect;
Assignment. .
.................................................................................................................................................................................................................31

          

          
            10.12 Notices; E-Business
Acknowledgment
.................................................................................................................................................................................................31

          

          
            10.13 Counterparts..............................................................................................................................................................................................................................................
32

          

          
            10.14 Attachment A
Modifications..
................................................................................................................................................................................................................32

          

          
            10.15 SUBMISSION AND CONSENT TO
JURISDICTION AND CHOICE OF LAW. .
............................................................................................................................32

          

          
            10.16 JURY TRIAL WAIVER...
.........................................................................................................................................................................................................................33

          

          
                                                                                                                                                                                                      

          

        

         

        En Pointe Technologies Sales,
Inc. –
AIFAR                                                                           -
ii -

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          Attachment A (“Attachment
A")
.....................................................................................................................................................................................................................34

        

        
          Attachment B (“Attachment
B”)
.....................................................................................................................................................................................................................39

        

        
          Attachment C (“Attachment
C”)
.....................................................................................................................................................................................................................41

        

        
          Attachment D (“Attachment
D”)
.....................................................................................................................................................................................................................42

        

        
          Attachment E (“Attachment
E”)
......................................................................................................................................................................................................................43

        

        
          Attachment F (“Attachment
F”)
......................................................................................................................................................................................................................45

        

        
          Attachment G (“Attachment
G”)
.....................................................................................................................................................................................................................46

        

        
          Attachment H (“Attachment
H”)
.....................................................................................................................................................................................................................52

        

        
          Attachment
I (“Attachment I”)
.........................................................................................................................................................................................................................54

             

             

          

        

      

      
        

        
          

           

          En Pointe
Technologies Sales, Inc. –
AIFAR                                                                           -
iii -

        

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        AGREEMENT
FOR INVENTORY FINANCING

      

      
        

        This AGREEMENT
FOR INVENTORY FINANCING (as amended, supplemented or otherwise modified
from time to time, this "Agreement") is hereby made this 18th day of March 2008,
by and between IBM Credit
LLC, a limited liability company duly organized under the laws of the
State of Delaware with a place of business at 4111 Northside Parkway, Atlanta,
GA 30327, ("IBM Credit"), and En Pointe Technologies Sales,
Inc., a corporation duly organized under the laws of the State of
Delaware with its principal place of business at 18701 S. Figueroa Street,
Gardena, CA 90248-4506 ("Customer").

      

      
         

        WITNESSETH

      

      
        

        WHEREAS, in the course of
Customer's operations, Customer intends to purchase from Persons approved in
writing by IBM Credit for the purposes of this Agreement (the "Authorized
Suppliers") information technology products, including computer hardware and
software products, manufactured or distributed by or bearing any trademark or
trade name of such Authorized Suppliers (the "Products") (as of the date hereof
the Authorized Suppliers are as set forth on Attachment D hereto) and resell
such Products to the Authorized Buyer;

      

      
        

        WHEREAS, Customer has
requested that IBM Credit finance its purchase of Products from such Authorized
Suppliers for resale to the Authorized Buyer and IBM Credit is willing to
provide such financing to Customer subject to the terms and conditions set forth
in this Agreement.

      

      
        

        NOW THEREFORE, in
consideration of the premises and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereby
agree to the terms of the Financing Agreement in its entirety as
follows:

      

      
         

        Section
1. DEFINITIONS; ATTACHMENTS

      

      
        

        1.1 Special Definitions. The
following terms shall have the following respective meanings in this Agreement
(such meanings to be equally applicable to both the singular and plural forms of
the terms defined):

      

      
         

        "Accounts":
as defined in the U.C.C.

      

      
         

        "Affiliate":
with respect to Customer, any Person meeting one of the following: (i) at least
10% of such Person's equity is owned, directly or indirectly, by Customer; (ii)
at least 10% of Customer's equity is owned, directly or indirectly, by such
Person; or (iii) at least 10% of Customer's equity and at least 10% of such
Person's equity is owned, directly or indirectly, by the same Person or Persons.
All of Customer's officers, directors, joint venturers, and partners shall also
be deemed to be Affiliates of Customer for purposes of this
Agreement.

      

      
        

        "Agreement":
as defined in the caption.

      

      
         

        "Auditors":
a nationally recognized firm of independent certified public accountants
selected by Customer and satisfactory to IBM Credit.

      

      
         

        “Authorized
Buyer”: shall mean IBM Global Services, a division of International Business
Machines Corporation.

      

      
         

        "Authorized
Suppliers": as defined in the recitals of this Agreement.

      

      
         

        "Available
Credit": at any time, (i) the Maximum Advance Amount less (ii) the Outstanding
Advances at such time.

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 1 of
55                        March 10,
2008

      

    

     

    
      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        "Average
Daily Balance": for each Product Advance for a given period of time, the sum of
the unpaid principal of such Product Advance as of each day during such period
of time, divided by the number of days in such period of
time.

      

      
         

        "Bank":
as defined in Section 3.3.

      

      
         

        "Borrowing
Base": as defined in Attachment A.

      

      
         

        "Business
Day": any day other than a Saturday, Sunday or other day on which commercial
banks in New York, New York are generally closed or on which IBM Credit is
closed.

      

      
         

        "Closing
Date": the date on which the conditions precedent to the effectiveness of this
Agreement set forth in Section 5.1 hereof are satisfied or waived in writing by
IBM Credit.

      

      
        

        "Code":
the Internal Revenue Code of 1986, as amended or any successor
statute.

      

      
         

        "Collateral":
as defined in Section 4.1.

      

      
        

        "Collateral
Management Report": a report to be delivered by Customer to IBM Credit from time
to time, as provided herein, signed by the chief executive officer or chief
financial officer of Customer, substantially in the form and detail of
Attachment E hereto, detailing and certifying, among other items: a summary of
Customer's inventory on hand financed by IBM Credit for the Authorized Buyer
hereunder only the amounts and aging of said Authorized Buyer Accounts only,
Customer's inventory on hand financed by IBM Credit for said Authorized Buyer by
quantity, type, model, and the total of the line item values for all inventory
listed on the report, the amounts and aging of said Authorized Buyer’s accounts
only, payable as of a specified date, all of Customer's IBM Credit borrowing
activity during a specified period and the total amount of Customer's Borrowing
Base as well as Customer's Outstanding Product Advances, Available Credit and
any Shortfall Amount as of a specified date.

      

      
        

        “Commercial
Tort Claim”: a claim arising in tort with respect to which (a) the claimant is
an organization or (b) the claimant is an individual and the claim (i) arose in
the course of the claimant’s business or profession and (ii) does not include
damages arising out of personal injury to or the death of the
individual.

      

      
         

        "Common
Due Date": (i) the fifth day of a calendar month if the Free Financing Period
expires on the first through tenth of such calendar month; (ii) the fifteenth
day of a calendar month if the Free Financing Period expires on the eleventh
through twentieth of such calendar month; and (iii) the twenty-fifth day of a
calendar month if the Free Financing Period expires on the twenty-first through
the last day of such calendar month.

      

      
         

        "Compliance
Certificate": a certificate substantially in the form of Attachment
C.

         

      

      
        "Credit
Line": as defined in Section 2.1.

         

      

      
        "Customer":
as defined in the caption.

      

      
        

        "Default":
either (i) an Event of Default or (ii) any event or condition which, but for the
requirement that notice be given or time lapse or both, would be an Event of
Default.

      

      
         

        "Delinquency
Fee Rate": as defined on Attachment A.

         

      

      
        “Deposit
Account”: a demand, time, savings, passbook, or similar account maintained with
a bank.

         

      

      
        "Eligible
Accounts": as defined in Section 3.1.

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 2 of
55                            March 10,
2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        “En
Pointe Technologies, Inc.”: shall mean En Pointe Technologies Inc., a Delaware
corporation which owns all of the capital stock of Customer.

      

      
         

        "Environmental
Laws": all statutes, laws, judicial decisions, regulations, ordinances, and
other governmental restrictions relating to pollution, the protection of the
environment, occupational health and safety, or to emissions, discharges or
release of pollutants, contaminants, hazardous substances or wastes into the
environment.

      

      
         

        "Environmental
Liability": any claim, demand, obligation, cause of action, allegation, order,
violation, injury, judgment, penalty or fine, cost or expense, resulting from
the violation or alleged violation of any Environmental Laws or the imposition
of any Lien pursuant to any Environmental Laws.

      

      
         

        "ERISA":
the Employee Retirement Income Security Act of 1974, as amended, or any
successor statutes.

      

      
         

        "Event of
Default": as defined in Section 9.1.

      

      
         

        "Financial
Statements": the consolidated and consolidating balance sheets (including,
without limitation, securities such as stocks and investment bonds), statements
of operations, statements of cash flows and statements of changes in
shareholder's equity of Customer and its Subsidiaries for the period specified,
prepared in accordance with GAAP and consistent with prior
practices.

      

      
         

        "Floor
Plan Lender": any Person who now or hereinafter provides inventory financing to
Customer, provided that such Person executes an Intercreditor Agreement (as
defined in Section 5.1 of this Agreement) or a subordination agreement with IBM
Credit in form and substance satisfactory to IBM Credit.

      

      
         

        "Free
Financing Period": for each Product Advance, the period, if any, in which IBM
Credit does not charge Customer a financing charge. IBM Credit shall calculate
Customer's Free Financing Period utilizing a methodology that is consistent with
the methodologies used for similarly situated customers of IBM Credit. Customer
understands that IBM Credit may not offer, may change or may cease to offer a
Free Financing Period for Customer's purchases of Products.

      

      
         

        "Free
Financing Period Exclusion Fee": as defined in Attachment A.

      

      
         

        "GAAP":
generally accepted accounting principles in the United States as in effect from
time to time.

      

      
         

        "Governmental
Authority": any nation or government, any state or other political subdivision
thereof, and any entity exercising executive, legislative, judicial, regulatory
or administrative functions of or pertaining to government, and any corporation
or other entity owned or controlled (through stock or capital ownership or
otherwise) by any of the foregoing.

      

      
         

        "Hazardous
Substances": all substances, wastes or materials, to the extent subject to
regulation as "hazardous substances" or "hazardous waste" under any
Environmental Laws.

      

      
         

        "IBM
Credit": as defined in the caption.

      

      
         

        "Indebtedness":
with respect to any Person, (i) all obligations of such Person for borrowed
money or for the deferred purchase price of property or services (other than
trade liabilities incurred in the ordinary course of business and payable in
accordance with customary practices) or which is evidenced by a note, bond,
debenture or similar instrument, (ii) all obligations of such Person under
capital leases (including obligations under any leases Customer may enter into,
now or in the future, with IBM Credit), (iii) all obligations of such Person in
respect of letters of credit, banker's acceptances or similar obligations issued
or created for the account of such Person, (iv) liabilities arising under any
interest rate protection,

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 3 of
55                                    March 10,
2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        future,
option swap, cap or hedge agreement or arrangement under which such Person is a
party or beneficiary, (v) all obligations under guaranties by such Person and
(vi) all liabilities secured by any Lien on any property owned by such Person
even though such Person has not assumed or otherwise become liable for the
payment thereof.

      

      
         

        "Intellectual
Property": as defined in Section 6.14.

      

      
         

        "Investment":
with respect to any Person (the "Investor"), (i) any investment by the Investor
in any other Person, whether by means of share purchase, capital contribution,
purchase or other acquisition of a partnership or joint venture interest, loan,
time deposit, demand deposit or otherwise, and (ii) any guaranty by the Investor
of any Indebtedness or other obligation of any other Person.

      

      
         

        “Letter
of Credit Right”: any right to payment or performance under a letter of credit,
whether or not the beneficiary has demanded or is at the time entitled to demand
payment or performance.

      

      
         

        "Lien(s)":
any lien, claim, charge, pledge, security interest, deed of trust, mortgage,
other encumbrance or other arrangement having the practical effect of the
foregoing, including the interest of a vendor or lessor under any conditional
sale agreement, capital lease or other title retention
agreement.

      

      
         

        "Lockbox":
as defined in Section 3.3.

      

      
        

        “Material
Account Debtor”: as defined in Section 7.14(B).

      

      
         

        "Material
Adverse Effect": a material adverse effect (i) on the business, operations,
results of operations, assets, or financial condition of Customer, (ii) on the
aggregate value of the Collateral or the aggregate amount which IBM Credit would
be likely to receive (after giving consideration to reasonably likely delays in
payment and reasonable costs of enforcement) in the liquidation of such
Collateral to recover the Obligations in full, or (iii) on the rights and
remedies of IBM Credit under this Agreement.

      

      
         

        "Maximum
Advance Amount": at any time, the lesser of (i) the Credit Line and (ii) the
Borrowing Base at such time.

      

      
         

        "Obligations":
all covenants, agreements, warranties, duties, representations, loans, advances,
interest (including interest accruing on or after the filing of any petition in
bankruptcy, or the commencement of any insolvency, reorganization or like
proceeding, relating to Customer, whether or not a claim for post-filing or
post-petition interest is allowed in such proceeding), fees, reasonable
expenses, indemnities, liabilities and Indebtedness of any kind and nature
whatsoever now or hereafter arising, owing, due or payable from Customer to IBM
Credit whether primary or secondary, joint or several, direct, contingent, fixed
or otherwise, secured or unsecured arising under this Agreement and the Other
Documents.

      

      
         

        "Other
Charges": as set forth in Attachment A.

      

      
         

        "Other
Documents": all security agreements, mortgages, leases, instruments, documents,
guarantees, schedules of assignment, contracts and similar agreements executed
by Customer and delivered to IBM Credit, pursuant to this Agreement or
otherwise, and all amendments, supplements and other modifications to the
foregoing from time to time.

      

      
         

        "Outstanding
Product Advances": at any time of determination, the sum of (i) the unpaid
principal amount of all Product Advances made by IBM Credit under this
Agreement; and (ii) any finance charge, fee, expense or other amount related to
Product Advances charged to Customer's account with IBM
Credit.

      

      
         

        "PBGC":
as defined in Section 6.12.

      

      
        "Permitted
Indebtedness": any of the following:

         

      

      
        (i)
Indebtedness to IBM Credit;

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 4 of
55                        March 10,
2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        (ii)
Indebtedness described in Section 7 of Attachment B;

      

      
        (iii)
Indebtedness to any Floor Plan Lender;

      

      
        (iv)
Purchase Money Indebtedness;

      

      
        (v)
guaranties in favor of IBM Credit; and

      

      
        (vi)
other Indebtedness consented to by IBM Credit in writing prior to incurring such
Indebtedness.

      

      
         

        "Permitted
Liens": any of the following:

      

      
         

        (i) Liens
which are the subject of an Intercreditor Agreement, in effect from time to time
between IBM Credit and any other secured creditor;

      

      
         

        (ii)
Purchase Money Security Interests;

      

      
         

        (iii)
Liens described in Section 1 of Attachment B;

      

      
        

        (iv)
Liens of warehousemen, mechanics, materialmen, workers, repairmen, common
carriers, landlords and other similar Liens arising by operation of law or
otherwise, not waived in connection herewith, for amounts that are not yet due
and payable or being contested in good faith by appropriate proceedings promptly
instituted and diligently conducted if an adequate reserve or other appropriate
provisions shall have been made therefor as required to be in conformity with
GAAP and an adverse determination in such proceedings could not reasonably be
expected to have a Material Adverse Effect;

      

      
         

        (v)
attachment or judgment Liens individually or in the aggregate not in excess of
the Threshold Amount (exclusive of (a) any amounts that are duly bonded to the
satisfaction of IBM Credit or (b) any amount fully covered by insurance as to
which the insurance company has acknowledged its obligation to pay such judgment
in full);

      

      
         

        (vi)
easements, rights-of-way, restrictions and other similar encumbrances incurred
in the ordinary course of business which, in the aggregate, are not substantial
in amount and which do not materially detract from the value of the property
subject thereto or materially interfere with the ordinary conduct of the
business of Customer;

      

      
        

        (vii)
extensions and renewals of the foregoing Permitted Liens; provided that (a) the
aggregate amount of such extended or renewed Liens do not exceed the original
principal amount of the Indebtedness which it secures, (b) such Liens do not
extend to any property other than property already previously subject to the
Lien and (c) such extended or renewed Liens are on terms and conditions no more
restrictive than the terms and conditions of the Liens being extended or
renewed;

      

      
         

        (viii)
Liens arising from deposits or pledges to secure bids, tenders, contracts,
leases, surety and appeal bonds and other obligations of like nature arising in
the ordinary course of Customer's business;

      

      
         

        (ix)
Liens for taxes, assessments or governmental charges not delinquent or being
contested, in good faith, by appropriate proceedings promptly instituted and
diligently conducted if an adequate reserve or other appropriate provisions
shall have been made therefor as required in order to be in conformity with GAAP
and an adverse determination in such proceedings could not reasonably be
expected to have a Material Adverse Effect;

      

      
        

        (x) Liens
arising out of deposits in connection with workers' compensation, unemployment
insurance or other social security or similar legislation;

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 5 of
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2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        (xi)
Liens arising pursuant to this Agreement; and

      

      
         

        (xii)
other Liens consented to by IBM Credit in writing prior to incurring such
Lien.

      

      
        

         

        "Person":
any individual, association, firm, corporation, partnership, trust,
unincorporated organization or other entity whatsoever.

      

      
         

        "Plans":
as defined in Section 6.12.

      

      
         

        "Policies":
all policies of insurance required to be maintained by Customer under this
Agreement or any of the Other Documents.

      

      
        

        "Prime
Rate": as of the date of determination, the average of the rates of interest
announced by Citibank, N.A., J.P. Morgan-Chase Bank, and Bank of America, N.A.
(or any other bank which IBM Credit uses in its normal course of business of
determining Prime Rate) as their prime or base rate, as of the last Business Day
of the calendar month immediately preceding the date of determination, whether
or not such announced rates are the actual rates charged by such banking
institutions to their most creditworthy borrowers.

      

      
         

        “Proceeds”:
all “proceeds” as such term is defined in the U.C.C. and, in any event, shall
include, without limitation, all dividends, distributions and payments on, from
or with respect to Investment Property.

      

      
         

        "Products":
as defined in the recitals of this Agreement.

      

      
         

        "Product
Advance": any advance of funds made or committed to be made by IBM Credit for
the account of Customer to an Authorized Supplier in respect of an invoice
delivered or to be delivered by such Authorized Supplier to IBM Credit
describing Products purchased by Customer for resale to the authorized Buyer,
including any such advance made or committed to be made as of the date hereof
pursuant to the Financing Agreement.

      

      
         

        “Properties”:
the facilities or properties owned, leased or operated by Customer or any
Subsidiary.

      

      
         

        "Purchase
Money Indebtedness": any Indebtedness (including capital leases) incurred to
finance the acquisition of assets (other than assets manufactured or distributed
by or bearing any trademark or trade name of any Authorized Supplier) to be used
in Customer's business not to exceed the lesser of (i) the purchase price or
acquisition cost of such asset and (ii) the fair market value of such
asset.

      

      
        

        "Purchase
Money Security Interest": any security interest securing Purchase Money
Indebtedness, which security interest applies solely to the particular asset
acquired with the Purchase Money Indebtedness.

      

      
        

        "Requirement
of Law": as to any Person, the articles of incorporation and by-laws of such
Person, and any law, treaty, rule or regulation or determination of an
arbitrator or a court or other governmental authority, in each case applicable
to or binding upon such Person or any of its property or to which such Person or
any of its property is subject.

      

      
         

        "Shortfall
Amount": as defined in Section 2.5.

      

      
        "Shortfall
Transaction Fee": as defined in Attachment A.

      

      
        "Special
Account": as defined in Section 3.3.

      

      
        “State”:
as defined in the U.C.C.

         

        

      

      
        En Pointe
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        "Subsidiary": with respect to any Person, any corporation or
other entity of which securities or other ownership interests having ordinary
voting power to elect a majority of the board of directors or other Persons
performing similar functions are at the time directly or indirectly owned by
such Person.

      

      
         

        "Supplier
Credits": as defined in Section 2.2.

      

      
         

        “Supporting
Obligation”: any Letter of Credit Right or secondary obligation that supports
the payment or performance of an Account, chattel paper, a document, a General
Intangible, an instrument, or any other Collateral.

      

      
         

        "Termination
Date": shall mean the first anniversary of the date of this Agreement or such
other date as IBM Credit and Customer may agree to from time to
time.

      

      
         

        "Threshold
Amount": $50,000.00

      

      
         

        "Voting
Stock": securities, the holders of which are ordinarily, in the absence of
contingencies, entitled to elect the corporate directors (or persons performing
similar functions).

      

      
        

         

        1.2 Other Defined Terms. Terms not
otherwise defined in this Agreement which are defined in the Uniform Commercial
Code as in effect in the State of New York (the "U.C.C.") shall have the
meanings assigned to them therein.

      

      
        

         

        1.3 Attachments. All attachments,
exhibits, schedules and other addenda hereto, including, but not limited to,
Attachment A and Attachment B, are specifically incorporated herein by reference
and made a part of this Agreement.

      

      
        

         

        Section
2. CREDIT LINE; FINANCE CHARGES; OTHER CHARGES

      

      
        

        2.1 Credit Line. Subject to the
terms and conditions set forth in this Agreement, on and after the Closing Date
to but not including the date that is the earlier of (i) the date on which this
Agreement is terminated pursuant to Section 10.1 and (ii) the date on which IBM
Credit terminates the Credit Line pursuant to Section 9.2, IBM Credit agrees to
extend to Customer a credit line ("Credit Line") in the amount set forth in
Attachment A pursuant to which IBM Credit will make to Customer, from time to
time, Product Advances in an aggregate amount at any one time outstanding not to
exceed the Credit Line. Notwithstanding any other term or provision of this
Agreement, IBM Credit may, at any time and from time to time, in its sole and
absolute discretion (i) temporarily increase the amount of the Credit Line set
forth in Attachment A and decrease the amount of the Credit Line to the amount
of the Credit Line set forth in Attachment A, in each case upon written notice
to Customer, and (ii) make Product Advances pursuant to this Agreement upon the
request of Customer in an aggregate amount at any one time outstanding in excess
of the Credit Line.

      

      
         

        2.2 Product
Advances.

      

       

      
        (A) Subject
to the terms and conditions of this Agreement, IBM Credit shall make Product
Advances in connection with Customer's purchase of Products from Authorized
Suppliers upon at least two days prior written notice from Authorized Suppliers.
Customer hereby authorizes and directs IBM Credit to pay the proceeds of Product
Advances directly to the applicable Authorized Supplier in respect of invoices
delivered to IBM Credit for such Products by such Authorized Supplier and
acknowledges that (i) any delivery to IBM Credit of an invoice by an Authorized
Supplier shall be deemed as a request for a Product Advance by Customer, and
(ii) each such Product Advance constitutes a loan by IBM Credit to Customer
pursuant to this Agreement as if Customer received the proceeds of the Product
Advance directly from IBM Credit. IBM Credit may, from time to time in its sole
discretion, cease to include a supplier as an Authorized
Supplier.

      

      
         

        (B) No
finance charge shall accrue on any Product Advance during the Free Financing
Period, if any, applicable to such Product Advance. Each Product Advance shall
be due and payable on the Common Due Date for such
Product Advance. In addition, for any Product Advance with respect to which a
Free Financing Period shall not be in effect, 

         

         

      

      
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        Customer shall pay a Free Financing Period Exclusion Fee. Such
fee shall be due and payable on the Common Due Date for such Product Advance. If
it is determined that amounts received from Customer were in excess of the
highest rate permitted by law, then the amount representing such excess shall be
considered reductions to principal of Product Advances.

      

      
         

        (C) Customer
acknowledges that IBM Credit does not warrant the Products. Customer shall be
obligated to pay IBM Credit in full even if the Products are defective or fail
to conform to the warranties extended by the Authorized Supplier. The
Obligations of Customer shall not be affected by any dispute Customer may have
with any manufacturer, distributor or Authorized Supplier. Customer will not
assert any claim or defense which it may have against any manufacturer,
distributor or Authorized Supplier against IBM Credit.

      

      
         

               
(D) Customer
hereby authorizes IBM Credit to collect directly from any Authorized Supplier
any credits, rebates, bonuses or discounts owed by such Authorized Supplier to
Customer with respect to product financed hereunder ("Supplier Credits"). Any
Supplier Credits received by IBM Credit may be applied by IBM Credit to the
Outstanding Product Advances. Any Supplier Credits collected by IBM Credit shall
in no way reduce Customer's debt to IBM Credit in respect of the Outstanding
Product Advances until such Supplier Credits are applied by IBM Credit;
provided, however, that in the event any such Supplier Credits must be returned
or disgorged or are otherwise unavailable for application, then Customer's
Obligations will be reinstated as if such Supplier Credits had never been
applied.

      

      
         

        (E) IBM
Credit may apply any payments and Supplier Credits received by IBM Credit to
reduce attorney’s
fees and costs of collection first, finance charges second and then to principal
amounts of Product
Advances owed by Customer. IBM Credit may apply principal payments to the oldest
(earliest) invoices
(and related Product Advances) first, but, in any case, all principal payments
will be applied in respect
of the Outstanding Product Advances made for Products which have been sold,
lost, stolen, destroyed,
damaged or otherwise disposed of prior to any other application
thereof.

      

      
         

        (F)   Customer
will indemnify and hold IBM Credit harmless from and against any claims or
demands asserted
by any Person relating to or arising from the Products for any reason
whatsoever, including, without
limitation, the condition of the Products, any misrepresentation made about the
Products by any representative
of Customer, or any act or failure to act by Customer except to the extent such
claims or demands
are directly attributable to IBM Credit's gross negligence or willful
misconduct. Nothing contained
in the foregoing shall impair any rights or claims which Customer may have
against any manufacturer,
distributor or Authorized Supplier.

      

      
         

        2.3
Finance and Other Charges.

      

      
         

        (A) Late
charges pursuant to subsection (D) of this Section 2.3 for a Product Advance for
a calendar month shall be equal to (i) one twelfth (1/12) of the Delinquency Fee
Rate multiplied by (ii) the Average Daily Balance of such Product Advance for
the period when such Product Advance is past due during such calendar month
multiplied by (iii) the actual number of days during such calendar month when
such Product Advance is past due divided by (iv) thirty (30).

      

      
        

               
(B) Customer
hereby agrees to pay to IBM Credit the charges set forth as "Other Charges" in
Attachment A. Customer also agrees to pay IBM Credit additional charges for any
returned items of payment received by IBM Credit. Customer hereby acknowledges
that any such charges are not interest but that such charges, if unpaid, will
constitute part of the Outstanding Product Advances.

      

      
         

        (C) The late
charges and Other Charges owed under this Agreement, and any charges hereafter
agreed to in writing by the parties, are payable monthly on receipt of IBM
Credit's bill or statement therefor or IBM Credit may, in its sole discretion,
add unpaid finance charges and Other Charges to Customer's Outstanding Product
Advances.

         

        

      

      
         

         

        

      

      
        En Pointe
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        (D) If any amount owed under this Agreement, including, without
limitation, any Product Advance, is not paid when due (whether at maturity, by
acceleration or otherwise), the unpaid amount thereof will bear a late charge
from and including the day after such Product Advance was due and payable to and
including the date IBM Credit receives payment thereof, at a per annum rate
equal to the lesser of (i) the amount set forth in Attachment A to this
Agreement as the "Delinquency Fee Rate" and (ii) the highest rate from time to
time permitted by applicable law. In addition, if any Shortfall Amount shall not
be paid when due pursuant to Section 2.5 hereof, Customer shall pay IBM Credit a
Shortfall Transaction Fee. If it is determined that amounts received from
Customer were in excess of such highest rate, then the amount representing such
excess shall be considered reductions to principal of Product
Advances.

      

      
         

        2.4 Customer Account Statements.
IBM Credit will send statements of each transaction hereunder as well as
monthly billing statements to Customer with respect to Product Advances and
other charges due on Customer's account with IBM Credit. Each statement of
transaction and monthly billing statement shall be deemed, absent manifest
error, to be correct and shall constitute an account stated with respect to each
transaction or amount described therein unless within seven (7) Business Days
after such statement of transaction or billing statement is received by
Customer, Customer provides IBM Credit written notice objecting that such amount
or transaction is incorrectly described therein and specifying the error(s), if
any, contained therein. IBM Credit may at any time adjust such statements of
transaction or billing statements to comply with applicable law and this
Agreement.

      

      
         

        2.5 Shortfall. If on any date the
Outstanding Product Advances owed by Customer to IBM Credit exceeds the Maximum
Advance Amount (such excess, the "Shortfall Amount"), Customer shall immediately
pay to IBM Credit an amount equal to such Shortfall Amount.

      

      
         

        2.6 Application of Payments.
Customer hereby agrees that all checks and other instruments delivered to
IBM Credit on account of Customer's Obligations shall constitute conditional
payment until such items are actually collected by IBM Credit. Customer waives
the right to direct the application of any and all payments at any time or times
hereafter received by IBM Credit on account of Customer's Obligations. Customer
agrees that IBM Credit shall have the continuing exclusive right to apply and
reapply any and all such payments to Customer's Obligations in such manner as
IBM Credit may deem advisable notwithstanding any entry by IBM Credit upon any
of its books and records.

      

      
         

        2.7 Prepayment
and Reborrowing By Customer.

      

       

      
        (A) Customer
may at any time prepay, without notice or penalty, in whole or in part amounts
owed under this Agreement. IBM Credit may apply payments made to it (whether by
Customer or otherwise) to pay finance charges and other amounts owing under this
Agreement first and then to the principal amount owed by
Customer.

      

      
         

        (B) Subject
to the terms and conditions of this Agreement, any amount prepaid or repaid to
IBM Credit in respect to the Outstanding Product Advances may be reborrowed by
Customer in accordance with the provisions of this Agreement.

      

      
         

        Section
3. CREDIT LINE ADDITIONAL PROVISIONS

      

      
         

        3.1 Eligible Account. IBM
Credit and Customer agree that IBM Credit shall have the sole right to determine
eligibility of Accounts from an Account debtor for purposes of determining the
Borrowing Base; however, without limiting such right, the following Accounts are
deemed to be eligible for purposes of determining the Borrowing
Base:

      

      
         

        (A)
Accounts created from the sale of goods and/or performance of services to (i)
International Business Machines Corporation and/or IBM Global
Services.

         

        

      

      
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        (B) Notwithstanding the preceding provision, the following
Eligible Accounts will be deemed to be ineligible for purposes of determining
Borrowing Base:

      

      
         

                
(i) Accounts unpaid more than one hundred twenty (120) days from the date of
invoice;

      

      
        

                
(ii) Accounts payable by an Account debtor if fifty percent (50%) or more of the
aggregate outstanding balance of all such Accounts remain unpaid for more than
ninety (90) days from the date of invoice;

      

      
         

        (iii)
Accounts payable by any Account debtor to which Customer is or may become liable
for goods sold or services rendered by such Account debtor to
Customer;

      

      
         

               
(iv) Accounts upon which IBM Credit does not have a valid, perfected, first
priority security interest;

      

      
        

               
(v) Accounts that are not payable in US dollars;

      

      
         

        (vi)
Accounts with respect to which Customer has permitted or agreed to any
extension, compromise or settlement, or made any change or modification of any
kind or nature, including, but not limited to, any change or modification to the
terms relating thereto;

      

      
         

        (vii)
Accounts that do not arise from undisputed bona fide verifiable transactions
completed in accordance with the terms and conditions contained in the invoices,
purchase orders and contracts relating thereto;

      

      
         

        (viii)
Accounts that are discounted for the full payment term specified in Customer's
terms and conditions with its Account debtors, or for any longer period of
time;

      

      
         

               
(ix) Accounts arising from bartered transactions;

      

      
         

               
(x) Accounts arising from incentive payments, rebates, discounts, credits, and
refunds from a supplier; and

      

      
         

        (xi) Any
and all other Accounts that IBM Credit deems, in its sole and absolute
discretion, to be ineligible.

      

      
        

         

        3.2 Reimbursement for Charges.
Customer agrees to pay for all costs and expenses of Customer's bank in
respect to collection of checks and other items of payment, all fees relating to
the use and maintenance of the Lockbox and the Special Account and with respect
to remittances of proceeds of the Advances hereunder.

      

      
        

         

        3.3 Lockbox and Special Account.
Customer shall establish and maintain lockbox(es) (each, a "Lockbox") at
the address(es) set forth in Attachment A with the financial institution(s)
listed in Attachment A (each, a "Bank") pursuant to an agreement between
Customer and each Bank in form and substance satisfactory to IBM Credit.
Customer shall also establish and maintain a Deposit Account which shall contain
only Proceeds of Customer's Accounts ("Special Account") with each Bank.
Customer shall enter into and maintain a control agreement with each Bank for
the benefit of IBM Credit in form and substance satisfactory to IBM Credit
pursuant to which, among other things, such Bank shall agree that its security
interest in the Deposit Account is subordinate to IBM Credit’s security interest
and that upon notice from IBM Credit, disbursements from the Special Account
shall be made only as IBM Credit shall direct, without further consent by
Customer. Customer shall not be precluded from maintaining any lockboxes
currently in place pursuant to agreements with GE Commercial Distribution
Finance.

      

      
        

         

        3.4 Collections. Customer shall
instruct Account debtors to remit payments directly to a Lockbox. In addition,
Customer shall have such instruction printed in conspicuous type on all
invoices. Customer shall instruct such Bank to deposit all remittances to such
Bank's Lockbox into its Special Account. Customer further agrees that it shall
not deposit or permit any deposits of funds other than remittances paid
in

         

        

      

      
        

         

        3.2 

         

        

      

      
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        respect of the Accounts into the Special Account(s) or permit any
commingling of funds with such remittances in any Lockbox or Special
Account.

      

      
        

         

        Without
limiting Customer's foregoing obligations, if, at any time, Customer receives a
remittance directly from an Account debtor, then Customer shall make entries on
its books and records in a manner that shall reasonably identify such
remittances and shall keep a separate account on its record books of all
remittances so received and deposit the same into a Special Account. Until so
deposited into the Special Account, Customer shall keep all remittances received
in respect of Accounts separate and apart from Customer's other property so that
they are capable of identification as the Proceeds of Accounts in which IBM
Credit has a security interest.

      

      
        

         

        3.5 Customer’s Application of Remittances
on Accounts and Credits. Customer shall apply all remittances against the
aggregate of Customer's outstanding Accounts no later than the end of the second
Business Day following the day such remittances are deposited into the Special
Account. Customer also agrees to apply each remittance against its respective
Account no later than one (1) Business Day from the date such remittance is
deposited into the Special Account. In addition, Customer shall promptly apply
any credits owing in respect to any Account when due.

      

      
        

         

        3.6 Authorization to File; Power of
Attorney. Customer authorizes IBM Credit to file with any filing office
such financing statements, amendments, addenda and other records showing IBM
Credit as secured party, Customer as debtor and identifying IBM Credit’s
security interest in the Collateral that IBM Credit deems necessary to perfect
and maintain perfected the security interest of IBM Credit in the Collateral.
Customer hereby irrevocably appoints IBM Credit, with full power of
substitution, as its true and lawful attorney-in-fact with full power, in good
faith and in compliance with commercially reasonable standards, in the
discretion of IBM Credit, to:

      

      

      
              
(A) sign the
name of Customer on any financing statement, amendment, continuation statement
or other record, document or instrument that IBM Credit shall deem necessary or
appropriate to perfect and maintain perfected the security interest of IBM
Credit in the Collateral contemplated under this Agreement and the Other
Documents;

      

      
         

        (B) endorse
upon, or authenticate using, the name of Customer upon any of the items of
payment of Proceeds and deposit the same in the account of IBM Credit for
application to the Obligations; and upon the occurrence and during the
continuance of an Event of Default as defined in Section 9.1
hereof:

      

       

      
        (C) demand
payment, enforce payment and otherwise exercise all Customer's rights and
remedies with respect to the collection of any Accounts, chattel paper or any
supporting obligation therefore for application to the
Obligation;

      

      
         

        (D) settle,
adjust, compromise, extend or renew any Accounts or chattel paper except that
IBM Credit may not forgive, settle, adjust, compromise, extend or renew
obligations of International Business Machines Corporation and/or IBM Global
Services without crediting to the Obligations substantially equivalent
consideration;

      

      
         

        (E)   settle,
adjust or compromise any legal proceedings brought to collect any Accounts or
chattel paper
except that IBM Credit may not forgive, settle, adjust, compromise, extend or
renew obligations of International
Business Machines Corporation and/or IBM Global Services without crediting to
the Obligations
substantially equivalent consideration;

      

      
         

        (F)   sell
or assign any Accounts or chattel paper upon such terms, for such amounts and at
such time or
times as IBM Credit may deem advisable;

      

      
         

        (G)   discharge
and release any Accounts or chattel paper except that IBM Credit may not
discharge
or release obligations of International Business Machines Corporation and/or IBM
Global Services
without crediting to the Obligations substantially equivalent
consideration;

      

       

      

      
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Technologies Sales, Inc AIFAR                        Page 11 of
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        (H) prepare, file and sign Customer's name on any Proof of Claim
in Bankruptcy or similar document against any Account or chattel paper
debtor;

      

      
         

        (I)
prepare, file and sign Customer's name on any notice of lien, claim of
mechanic's lien, assignment or satisfaction of lien or mechanic's lien, or
similar document in connection with any Accounts or chattel
paper;

      

      
         

              
(J) endorse upon or authenticate using the name of Customer any chattel paper,
document, instrument, invoice, freight bill, bill of lading or similar document,
agreement or record relating to any Account, chattel paper or goods pertaining
thereto for application to the Obligation;

      

      
         

             
(K) endorse the name of Customer upon any of the items of payment of Proceeds
and deposit the same in the account of IBM Credit for application to the
Obligation;

      

      
         

             
(L) sign the name of Customer to requests for verification of Accounts and
notices thereof to Account debtors;

      

      
         

            
(M) sign the name of Customer on any document or instrument or record that IBM
Credit shall deem necessary or appropriate to enforce any and all remedies it
may have under this Agreement, at law or otherwise for application to the
Obligation;

      

      
         

            
(N) make, settle and adjust claims under the Policies with respect to the
Collateral and endorse Customer's name on any check, draft, instrument or other
item of payment of the Proceeds of the Policies with respect to the Collateral
for application to the Obligation;

      

      
         

                   
(O) subject to any agreement between IBM Credit and such Bank, direct the Bank
maintaining any Lockbox or Special Account to pay the funds on deposit to IBM
Credit for application to the Obligations; and

      

      
         

           
(P) take control in any manner of any term of payment or Proceeds and for such
purpose to notify the postal authorities to change the address for delivery of
mail addressed to Customer to such address as IBM Credit may
designate.

      

      
        

        The power
of attorney granted by this Section is for value and coupled with an interest
and is irrevocable so long as this Agreement is in effect or any Obligations
remain outstanding. Nothing done by IBM Credit pursuant to such power of
attorney will reduce any of Customer's Obligations other than Customer's payment
Obligations to the extent IBM Credit has received and applied
monies.

      

      
         

        Section
4. SECURITY – COLLATERAL

      

      
         

        4.1 Grant. To secure
Customer's full and punctual payment and performance of the Obligations
(including obligations under any leases Customer may enter into, now or in the
future, with IBM Credit) when due (whether at the stated maturity, by
acceleration or otherwise), Customer hereby grants IBM Credit a security
interest in Customer's right, title and interest in and to all of its personal
property, whether now owned or hereafter acquired or existing and wherever
located, including the following:

      

      
         

        (A) all
goods, including inventory and equipment, and all parts thereof, attachments,
accessories and accessions thereto, products thereof and documents
therefor;

      

      
         

        (B) all
Accounts, chattel paper, instruments, negotiable documents, promissory notes,
obligations of any kind owing to Customer, whether or not arising out of or in
connection with the sale or lease of goods or the rendering of services and all
books, invoices, documents and other records in any form evidencing or relating
to any of the foregoing;

      

      
         

               
(C) all
General Intangibles;

         

      

       

      

      
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            (D) all Deposit
Accounts;

         

      

      
            (E)  all
Commercial Tort Claims;

         

            (F)  all
Letter of Credit Rights;

         

      

      
            (G)  all
Supporting Obligations;

      

      
        

            (H) all other
obligations of any kind owing to Customer, whether or not arising out of or in
connection with the sale or lease of goods or the rendering of
services;

         

      

      
            (I) all
rights now or hereafter existing in and to all mortgages, security agreements,
leases or other contracts securing or otherwise relating to any of the
foregoing; and

      

      
         

            (J) all
substitutions and replacements for all of the foregoing, and all products and
Proceeds of all of the foregoing and, to the extent not otherwise included, all
payments under insurance or any indemnity, warranty or guaranty, payable by
reason of loss or damage to or otherwise with respect to any of the
foregoing.

      

      
        

         

        All of
the above assets shall be collectively defined herein as the "Collateral".
Customer covenants and agrees with IBM Credit that: (i) The security constituted
to by this Agreement is in addition to any other security from time to time held
by IBM Credit and (ii) the security hereby created is a continuing security
interest and will cover and secure the payment of all Obligations both present
and future of Customer to IBM Credit.

      

      
        

         

        4.2 Further Assurances.
Customer shall, from time to time upon the request of IBM Credit, execute
and deliver to IBM Credit, or cause to be executed and delivered, at such time
or times as IBM Credit may request such other and further documents,
certificates, consents, instruments and records that IBM Credit may deem
necessary to perfect and maintain perfected IBM Credit's security interests in
the Collateral and in order to fully consummate all of the transactions
contemplated under this Agreement and the Other Documents. Customer shall make
appropriate entries on its books and records disclosing IBM Credit's security
interests in the Collateral.

      

      
        

         

        Section
5. CONDITIONS PRECEDENT

      

      
         

        5.1 Conditions Precedent to the
Effectiveness of this Agreement. The effectiveness of this Agreement is
subject to the receipt by IBM Credit of, or waiver in writing by IBM Credit of
compliance with, the following conditions precedent:

      

      
         

        (A) this
Agreement executed and delivered by Customer and IBM Credit;

      

      
         

        (B) a
favorable opinion of counsel for Customer in substantially the form of
Attachment G;

      

      
        

        (C) a
certificate of the secretary or an assistant secretary of Customer,
substantially in the form and substance of Attachment H hereto, certifying that,
among other items, (i) Customer is duly organized under the laws of the State of
its organization or incorporation and has its principal place of business as
stated therein, (ii) Customer is registered to conduct business in specified
states and localities, (iii) true and complete copies of the articles of
incorporation, or corresponding organizational documents, as applicable, and
by-laws of Customer are delivered therewith, together with all amendments and
addenda thereto as in effect on the date thereof, (iv) the resolution as stated
in the certificate is a true, accurate and compared copy of the resolution
adopted by Customer's Board of Directors or, if Customer is a limited liability
company, by Customer's authorized members, authorizing the execution, delivery
and performance of this Agreement and each Other Document executed and delivered
in connection herewith, and (v) the names and true signatures of the officers of
Customer authorized to sign this Agreement and the Other Documents;

         

        

      

      
        

         

         

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 13 of
55                        March 10,
2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        (D)  true and complete copies of the articles of
incorporation or corresponding organizational

      

      
        documents,
as applicable, from all Persons who have granted IBM Credit a security interest
herein or in

      

      
        any Other
Document;

      

      
         

        (E) unless
otherwise publicly available to IBM Credit certificates dated as of a recent
date from the Secretary
of State or other appropriate authority evidencing the good standing of Customer
in the jurisdiction
of its organization and in each other jurisdiction where the ownership or lease
of its property or the
conduct of its business requires it to qualify to do
business;

      

      
         

        (F)   copies
of all approvals and consents from any Person, in each case in form and
substance satisfactory
to IBM Credit, which are required to enable Customer to authorize, or required
in connection with, (i)
the execution, delivery or performance of this Agreement and each of the Other
Documents, and (ii) the
legality, validity, binding effect or enforceability of this Agreement and each
of the Other Documents;

      

      
         

        (G) a
lockbox agreement executed by Customer and each Bank, in form and substance
satisfactory to IBM
Credit;

      

      
         

               
(H) a contingent blocked account agreement executed by Customer and each Bank in
form and substance satisfactory to IBM Credit;

      

      
         

        (I)
intercreditor agreements ("Intercreditor Agreement"), in form and substance
satisfactory to IBM Credit, executed by each other secured creditor of Customer
as set forth in Attachment A;

      

      
         

        (J) UCC-1
financing statements for each jurisdiction reasonably requested by IBM Credit
executed, if requested by IBM Credit, by Customer and each guarantor whose
guaranty to IBM Credit is intended to be secured by a pledge of its
assets;

      

      
         

        (K)
control or other agreements for all other Deposit Accounts, Letter of Credit
Rights, electronic chattel paper, or inventory in the possession of third
parties;

      

      
         

        (L) the
statements, certificates, documents, instruments, financing statements,
agreements and information set forth in Attachment A and Attachment B;
and

      

      
         

        (M) all
such other statements, certificates, documents, instruments, financing
statements, agreements, records and other information with respect to the
matters contemplated by this Agreement as IBM Credit shall have reasonably
requested.

      

      
        

         

        5.2 Conditions Precedent to Each
Product Advance. No Product Advance will be required to be made or
renewed by IBM Credit under this Agreement regardless of any communication
theretofore given to Customer or its supplier unless, on and as of the date of
such Product Advance, the following statements shall be true to the satisfaction
of IBM Credit:

      

      
         

        (A) The
representations and warranties contained in this Agreement or in any document,
instrument or agreement executed in connection herewith are true and correct in
all material respects on and as of the date of such Product Advance as though
made on and as of such date;

      

      
         

        (B) No event
has occurred and is continuing or after giving effect to such Product Advance or
the application of the proceeds thereof would result in or would constitute a
Default;

      

      
         

        (C) No event
has occurred and is continuing which could reasonably be expected to have a
Material Adverse Effect; and

      

      
         

        (D) Both
before and after giving effect to the making of such Product Advance, no
Shortfall Amount exists.

         

        

      

      
         

         

         

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 14 of
55                        March 10,
2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        Except as Customer has otherwise disclosed to IBM Credit in
writing prior to each request, each request for a Product Advance (or deemed
request pursuant to Section 2.2(A) hereunder shall be deemed to be a
representation and warranty by Customer that, as of and on the date of such
Product Advance, the statements set forth in (A) through (D) above are true
statements. No such disclosures by Customer to IBM Credit shall in any manner be
deemed to satisfy the conditions precedent to each Product Advance that are set
forth in this Section 5.2.

      

      
         

        Section
6. REPRESENTATIONS AND WARRANTIES

      

      
        

        To induce
IBM Credit to enter into this Agreement, Customer represents and warrants to IBM
Credit as follows:

      

      
         

        6.1 Organization and Qualifications.
The first paragraph of this Agreement states the exact name of Customer
as set forth in its charter or other organizational record. In addition,
Customer’s organization identification number assigned by its State of
organization is as set forth in Attachment A. Customer and each of its
Subsidiaries (i) is duly organized, validly existing and in good standing under
the laws of the jurisdiction of its organization, (ii) has the power and
authority to own its Properties and assets and to transact the businesses in
which it presently is engaged and (iii) is duly qualified and is authorized to
do business and is in good standing in each jurisdiction where it presently is
engaged in business and is required to be so qualified.

      

      
         

        6.2 Rights in Collateral; Priority of
Liens. Customer and each of its Subsidiaries owns the property granted by
it respectively as Collateral to IBM Credit, free and clear of any and all Liens
in favor of third parties except for the Liens otherwise permitted pursuant to
Section 8.1. The Liens granted by Customer and each of its Subsidiaries pursuant
to this Agreement, the Guaranties and the Other Documents in the Collateral
constitute the valid and enforceable first, prior and perfected Liens on the
Collateral, except to the extent any Liens that are prior to IBM Credit's Liens
are (i) the subject of an Intercreditor Agreement or (ii) Purchase Money
Security Interests in product of a brand that is not financed by IBM
Credit.

      

      
        

        6.3 No Conflicts. The execution,
delivery and performance by Customer of this Agreement and each of the Other
Documents (i) are within its power under its organizational documents; (ii) are
duly authorized by all necessary corporate or limited liability company actions;
(iii) are not in contravention in any respect of any Requirement of Law or any
indenture, contract, lease, agreement, instrument or other commitment to which
it is a party or by which it or any of its Properties are bound; (iv) do not
require the consent, registration or approval of any Governmental Authority or
any other Person (except such as have been duly obtained, made or given, and are
in full force and effect); and (v) will not, except as contemplated herein,
result in the imposition of any Liens upon any of its
Properties.

      

      
        

        6.4 Enforceability. This Agreement
and all of the other documents executed and delivered by Customer in connection
herewith are the legal, valid and binding obligations of Customer, and are
enforceable in accordance with their terms, except as such enforceability may be
limited by the effect of any applicable bankruptcy, insolvency, reorganization,
fraudulent conveyance, moratorium or similar laws affecting creditors' rights
generally or the general equitable principles relating
thereto.

      

      
         

        6.5 Locations of Offices, Records and
Inventory. The address of the principal place of business and chief
executive office of Customer is as set forth on Attachment B or on any notice
provided by Customer in writing thereafter in accordance with the terms of this
Agreement. The books and records of Customer are maintained exclusively at such
location.

      

      
         

        There is
no jurisdiction in which Customer has any assets, equipment or inventory (except
for vehicles and inventory in transit for processing) other than those
jurisdictions identified on Attachment B or on any notice provided by Customer
to IBM Credit pursuant to Section 7.1(C) of this Agreement. Attachment B, as
amended from time to time by any notice provided by Customer to IBM Credit in
accordance with Section 7.7(C) of this Agreement, also contains a complete list
of the legal names and addresses of each warehouse at which Customer's inventory
is stored. None of the receipts received by Customer from any

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 15 of
55                        March 10,
2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        warehouseman states that the goods covered thereby are to be
delivered to bearer or to the order of a named person or to a named person and
such named person's assigns.

      

      
        

         

        6.6 Fictitious Business Names.
Customer has not used any company or fictitious name during the five (5)
years preceding the date of this Agreement, other than those listed on
Attachment B.

      

      
         

        6.7 Organization Name. If Customer
is a corporation, all of the outstanding capital stock of Customer has been
validly issued, is fully paid and nonassessable.

      

      
         

        6.8 No Judgments or Litigation.
Except as set forth on Attachment B, no judgments, orders, writs or
decrees are outstanding against Customer nor is there now pending or, to the
best of Customer's knowledge after due inquiry, threatened, any litigation,
contested claim, investigation, arbitration, or governmental proceeding by or
against Customer.

      

      
         

        6.9 No Defaults. Customer is not
in default under any term of any indenture, contract, lease, agreement,
instrument or other commitment to which it is a party or by which it, or any of
its Properties are bound. Customer has no knowledge of any dispute regarding any
such indenture, contract, lease, agreement, instrument or other commitment. No
Default or Event of Default has occurred and is continuing.

      

       

      
        6.10 Labor Matters. Except as set
forth on any notice provided by Customer to IBM Credit pursuant to Section
7.1(H) of this Agreement, Customer is not a party to any labor dispute. There
are no strikes or walkouts or labor controversies pending or threatened against
Customer which could reasonably be expected to have a Material Adverse
Effect.

      

      
         

        6.11 Compliance with Law. Customer
has not violated or failed to comply with any Requirement of Law or any
requirement of any self regulatory organization.

      

      
         

        6.12 ERISA. Each "employee benefit
plan", "employee pension benefit plan", "defined benefit plan", or
"multi-employer benefit plan", which Customer has established, maintained, or to
which it is required to contribute (collectively, the "Plans") is in compliance
with all applicable provisions of ERISA and the Code and the rules and
regulations thereunder as well as the Plan's terms and conditions. There have
been no "prohibited transactions" and no "reportable event" has occurred within
the last 60 months with respect to any Plan. Customer has no "multi-employer
benefit plan". As used in this Agreement the terms "employee benefit plan",
"employee pension benefit plan", "defined benefit plan", and "multi-employer
benefit plan" have the respective meanings assigned to them in Section 3 of
ERISA and any applicable rules and regulations thereunder. Customer has not
incurred any "accumulated funding deficiency" within the meaning of ERISA or
incurred any liability to the Pension Benefit Guaranty Corporation (the "PBGC")
in connection with a Plan (other than for premiums due in the ordinary
course).

      

      
         

        6.13 Compliance with Environmental Laws.
Except as otherwise disclosed in Attachment B:

      

      ustomer
has obtained all government approvals required with respect to the operation of
their businesses under any Environmental Law.

      
         

        (B) (i)
Customer has not generated, transported or disposed of any Hazardous Substances;
(ii) Customer is not currently generating, transporting or disposing of any
Hazardous Substances; (iii) Customer has no knowledge that (a) any of its real
property (whether owned, leased, or otherwise directly or indirectly controlled)
has been used for the disposal of or has been contaminated by any Hazardous
Substances, or (b) any of its business operations have contaminated lands or
waters of others with any Hazardous Substances; (iv) Customer and its respective
assets are not subject to any Environmental Liability and, to the best of
Customer's knowledge, any threatened Environmental Liability; (v) Customer has
not received any notice of or otherwise learned of any governmental
investigation evaluating whether any remedial action is necessary to respond to
a release or threatened release of any Hazardous Substances for which Customer
may be liable; (vi) Customer is not in violation of any Environmental Law; (vii)
there are no proceedings or investigations pending against Customer with respect
to any violation or alleged violation of any Environmental Law; provided
however, that the parties acknowledge that any

         

        

      

      
        

         

         

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 16 of
55                        March 10,
2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        generation, transportation, use, storage and disposal of certain
such Hazardous Substances in Customer's or its Subsidiaries' business shall be
excluded from representations (i) and (ii) above, provided, further, that
Customer is at all times generating, transporting, utilizing, storing and
disposing such Hazardous Substances in accordance with all applicable
Environmental Laws and in a manner designed to minimize the risk of any spill,
contamination, release or discharge of Hazardous Substances other than as
authorized by Environmental Laws.

      

      
         

        6.14 Intellectual Property.
Customer possesses such assets, licenses, patents, patent applications,
copyrights, service marks, trademarks, trade names and trade secrets and all
rights, priorities and privileges and other property relating thereto or arising
therefrom ("Intellectual Property") as are necessary or advisable to continue to
conduct its present and proposed business activities. No material claim has been
asserted and is pending by any Person challenging or questioning the use of any
Intellectual Property or the validity or effectiveness of any Intellectual
Property, nor does Customer know of any valid basis for any such claim. All
Intellectual Property is valid, subsisting, unexpired and enforceable, and the
use of Intellectual Property by Customer and its Subsidiaries does not infringe
on the rights of any Person in any material respect.

      

      
         

        6.15 Licenses and Permits. Customer
has obtained and holds in full force and effect all franchises, licenses,
leases, permits, certificates, authorizations, qualifications, easements, rights
of way and other rights and approvals which are reasonably necessary for the
operation of its businesses as presently conducted. Customer is not in violation
of the terms of any such franchise, license, lease, permit, certificate,
authorization, qualification, easement, right of way, right or
approval.

      

      
         

        6.16 Investment Company. Customer
is not (i) an investment company or a company controlled by an investment
company within the meaning of the Investment Company Act of 1940, as amended,
(ii) a holding company or a subsidiary of a holding company, or an Affiliate of
a holding company or of a subsidiary of a holding company, within the meaning of
the Public Utility Holding Company Act of 1935, as amended, or (iii) subject to
any other law which purports to regulate or restrict its ability to borrow money
or to consummate the transactions contemplated by this Agreement or the Other
Documents or to perform its obligations hereunder or
thereunder.

      

      
         

        6.17 Taxes and Tax Returns.
Customer has timely filed all federal, state, and local tax returns and
other reports which it is required by law to file, and has either duly paid all
taxes, fees and other governmental charges indicated to be due on the basis of
such reports and returns or pursuant to any assessment received by Customer, or
made provision for the payment thereof in accordance with GAAP. The charges and
reserves on the books of Customer in respect of taxes or other governmental
charges are in accordance with GAAP. No material tax liens have been filed
against Customer or any of its property.

      

      
         

        6.18 Status of Accounts. Each
Account is based on an actual and bona fide sale and delivery of goods or
rendition of services to customers, made by Customer, in the ordinary course of
its business; the goods and inventory being sold and the Accounts created are
its exclusive property and are not and shall not be subject to any Lien,
consignment arrangement, encumbrance, security interest or financing statement
whatsoever (other than Permitted Liens). Customer's customers have accepted
goods or services and owe and are obligated to pay the full amounts stated in
the invoices according to their terms. There are no proceedings or actions known
to Customer which are pending or threatened against any Material Account Debtor
of any of the Accounts which could reasonably be expected to result in a
Material Adverse Effect on the debtor's ability to pay the full amounts due to
Customer.

      

      
         

        6.19 Affiliate/Subsidiary Transactions.
Customer is not a party to or bound by any agreement or arrangement
(whether oral or written) to which any Affiliate or Subsidiary of Customer is a
party except (i) in the ordinary course of and pursuant to the reasonable
requirements of Customer's business and (ii) upon fair and reasonable terms no
less favorable to Customer than it could obtain in a comparable arm's-length
transaction with an unaffiliated Person. Except as disclosed to IBM Credit by
Customer in writing from time to time after the Closing Date, Attachment B sets
forth with respect to each Subsidiary (i) its name; (ii) if a registered
organization, the State of its formation; (iii) if a non-registered
organization, the

         

         

      

      
         

         

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 17 of
55                        March 10,
2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        State of its principal place of business and chief executive
offices; (iv) if a proprietorship, proprietor’s principal place of residence;
and (v) as to each Subsidiary the percentage of ownership by
Customer.

      

      
         

        6.20 Accuracy and Completeness of
Information. All factual information furnished by or on behalf of
Customer to IBM Credit or the Auditors for purposes of or in connection with
this Agreement or any of the Other Documents, or any transaction contemplated
hereby or thereby is or will be true and accurate in all material respects on
the date as of which such information is dated or certified and not incomplete
by omitting to state any material fact necessary to make such information not
misleading at such time.

      

      
         

        6.21 Recording Taxes. All recording
taxes, recording fees, filing fees and other charges payable in connection with
the filing and recording of this Agreement have either been paid in full by
Customer or arrangements for the payment of such amounts by Customer have been
made to the satisfaction of IBM Credit.

      

      
         

        6.22 Indebtedness. Customer (i) has
no Indebtedness, other than Permitted Indebtedness; and (ii) has not guaranteed
the obligations of any other Person (except as permitted by Section
8.4).

      

      
         

        6.23  Not Consumer Transaction. None
of the Advances are consumer-goods transactions or consumer
transactions and none of the Collateral constitutes consumer
goods.

      

      
         

        6.24 Limitations on Lockboxes and Special
Accounts. Customer has no Lockbox, Special Account or other Deposit
Accounts with any banks except as provided in Section 3.3 of this
Agreement.

      

      
         

        6.25 Security Interest. Customer
represents that all filings and other actions necessary to perfect and protect
the security interest in the Collateral created under this Agreement have been
duly made or taken and are in full force and effect, and this Agreement creates
in favor of IBM Credit a valid first priority security interest in the
Collateral, other than Collateral that is the subject of an Intercreditor
Agreement and all filings and other actions necessary or desirable to perfect
and protect such security interest have been duly taken.

      

      
         

        Section
7. AFFIRMATIVE COVENANTS

      

      
         

        Until
termination of this Agreement and the indefeasible payment and satisfaction of
all Obligations:

      

      
         

        7.1 Financial and Other Information.
Unless otherwise publicly available to IBM Credit, Customer shall cause
the following information to be delivered to IBM Credit within the following
time periods:

      

      
         

        (A) as
soon as available and in any event within ninety (90) days after the end of each
fiscal year of En Pointe Technologies, Inc. (i) audited Financial Statements
(provided that, to the extent not otherwise audited by the Auditors, the
consolidating Financial Statements may be unaudited) as of the close of the
fiscal year and for the fiscal year, together with a comparison to the Financial
Statements for the prior year, in each case accompanied by (a) either an opinion
of the Auditors without a "going concern" or like qualification or exception, or
qualification arising out of the scope of the audit or, if so qualified, an
opinion which shall be in scope and substance reasonably satisfactory to IBM
Credit, (b) such Auditors' "Management Letter" to En Pointe Technologies, Inc.
if any, (c) a written statement signed by the Auditors stating that in the
course of the regular audit of the business of En Pointe Technologies, Inc. and
its consolidated Subsidiaries, which audit was conducted by the Auditors in
accordance with generally accepted auditing standards, the Auditors have not
obtained any knowledge of the existence of any Default under any provision of
this Agreement, or, if such Auditors shall have obtained from such examination
any such knowledge, they shall disclose in such written statement the existence
of the Default and the nature thereof, it being understood that such Auditors
shall have no liability, directly or indirectly, to anyone for failure to obtain
knowledge of any such Default; and (ii) a Compliance Certificate along with a
schedule, in substantially the form of Attachment C hereto, of the calculations
used in determining, as of the end of such fiscal year, whether En Pointe
Technologies, Inc. is in compliance with the financial covenants set forth in
Attachment A;

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 18 of
55                            March 10,
2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        (B) as soon
as available and in any event within forty-five (45) days after the end of each
fiscal quarter of En Pointe Technologies, Inc. (i) Financial Statements as of
the end of such period and for the fiscal year to date, together with a
comparison to the Financial Statements for the same periods in the prior year,
all in reasonable detail and duly certified (subject to normal year-end audit
adjustments and except for the absence of footnotes) by the chief executive
officer or chief financial officer of En Pointe Technologies, Inc. as having
been prepared in accordance with GAAP; and (ii) a Compliance Certificate along
with a schedule, in substantially the form of Attachment C hereto, of the
calculations used in determining, as of the end of such fiscal quarter, whether
En Pointe Technologies, Inc. is in compliance with the financial covenants set
forth in Attachment A;

      

      
         

        (C) as soon
as available and in any event within sixty (60) days after the end of each
fiscal year of En Pointe Technologies, Inc. (i) projected Financial Statements,
broken down by quarter, for the current and following fiscal year; and (ii) if
composed, a narrative discussion relating to such projected Financial
Statements;

      

      
         

        (D) as soon
as available and in any event within thirty (30) days after the end of each
fiscal quarter of En Pointe Technologies, Inc., revised projected Financial
Statements, broken down by quarter, for (i) the current fiscal year from the
beginning of such fiscal quarter to the fiscal year end and (ii) the following
fiscal year;

      

      
         

        (E)  promptly
after Customer obtains knowledge of (i) the occurrence of a Default or Event of
Default, or (ii)
the existence of any condition or event which would result in Customer's failure
to satisfy the conditions
precedent to Advances set forth in Section 5, a certificate of the chief
executive officer or chief
financial officer of Customer specifying the nature thereof and Customer's
proposed response thereto,
each in reasonable detail;

      

      
         

        (F)  promptly
after Customer obtains knowledge of (i) any proceeding(s) in an aggregate amount
in excess of
the Threshold Amount at any time being instituted or threatened to be instituted
by or against Customer
in any federal, state, local or foreign court or before any commission or other
regulatory body (federal,
state, local or foreign), or (ii) any actual or prospective change, development
or event which, in any such
case, has had or could reasonably be expected to have a Material Adverse Effect,
a certificate of the
chief executive officer or chief financial officer of Customer specifying the
nature thereof and Customer's
proposed response thereto, each in reasonable detail;

      

      
         

        (G)  promptly
after Customer obtains knowledge that (i) any order, judgment or decree in
excess of the
Threshold Amount shall have been entered against Customer or any of its
Properties or assets, or (ii) it has
received any notification of a material violation of any Requirement of Law from
any Governmental Authority,
a certificate of the chief executive officer or chief financial officer of
Customer specifying the nature
thereof and Customer's proposed response thereto, each in reasonable
detail;

      

      
         

        (H)
promptly after Customer learns of any material labor dispute to which Customer
may become a party, any strikes or walkouts relating to any of its plants or
other facilities, and the expiration of any labor contract to which Customer is
a party or by which it is bound, a certificate of the chief executive officer or
chief financial officer of Customer specifying the nature thereof and Customer's
proposed response thereto, each in reasonable detail;

      

      
         

        (I)
within five (5) Business Days after request by IBM Credit, any written
certificates, schedules and reports together with all supporting documents as
IBM Credit may reasonably request relating to the Collateral or Customer's or
any guarantor's business affairs and financial condition;

      

      
         

        (J) by
the fifth (5th) day of each month, or as otherwise agreed in writing, a
Collateral Management Report as of a date no earlier than the last day of the
immediately preceding month;

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 19 of
55                        March 10,
2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        (K) along with the Financial Statements set forth in Section
7.1(A) and (B), the name, address and phone number of each of its Account
debtors' primary contacts for each Account on the Accounts aging report
contained in its most recent Collateral Management Report;
and

      

      
         

        (L)
within five (5) days after the same are sent, copies of all Financial Statements
and reports which En Pointe Technologies, Inc. sends to its stockholders, and
within five (5) days after the same are filed, copies of all Financial
Statements and reports which En Pointe Technologies, Inc. may make to, or file
with, the Securities and Exchange Commission or any successor or analogous
governmental authority.

      

      
         

        Each
certificate, schedule, report or other record provided by Customer to IBM Credit
shall be signed by an authorized officer of Customer and/or En Pointe
Technologies, Inc., which signature shall be deemed a representation and
warranty that the information contained in such certificate, schedule or report
is true and accurate in all material respects on the date as of which such
certificate, schedule or report is made and does not omit to state a material
fact necessary in order to make the statements contained therein not misleading
at such time. Each Financial Statement delivered pursuant to this Section 7.1
shall be prepared in accordance with GAAP applied consistently throughout the
periods reflected therein and with prior periods. Customer shall cause the
audited Financial Statements and accompanying documents set forth in Section
7.1(A)(i) to be delivered directly by the Auditors to IBM Credit only via first
class mail.

      

      
        

        7.2 Location of Customer and Collateral.
If it is a registered organization, the organizational document creating
Customer has been filed in the appropriate office of the State referred to in
the first paragraph of this Agreement. The inventory, equipment and other
tangible Collateral shall be kept or sold at the addresses as set forth on
Attachment B or on any notice provided by Customer to IBM Credit in accordance
with Section 7.7(C). Such locations shall be certified quarterly to IBM Credit
substantially in the form of Attachment F.

      

      
         

        7.3 Changes in Customer Address.
If Customer is a registered organization, as defined in Article 9 of the
U.C.C., Customer shall provide thirty (30) days prior written notice to IBM
Credit of any change in Customer's chief executive office or principal place of
business, provided, however, that Customer's compliance with this covenant shall
not relieve it of any of its other obligations or any other provisions under
this Agreement or any of the Other Documents limiting actions of the type
described in this Section.

      

      
         

        7.4 Legal Entity Existence.
Customer shall (i) maintain, and cause each of its Subsidiaries to
maintain, its legal entity existence, maintain in full force and effect all
rights, privileges, licenses, bonds, franchises, leases and qualifications to do
business, and all Properties, contracts and other rights necessary to the
profitable conduct of its business, (ii) authorize for itself and, if
applicable, cause each of its Subsidiaries to authorize IBM Credit to file
U.C.C. financing statements to perfect and maintain perfection of IBM Credit’s
security interest in the Collateral, (iii) continue in, and limit its operations
to, the same general lines of business as presently conducted by it unless
otherwise permitted in writing by IBM Credit and (iv) comply with all
Requirements of Law.

      

      
         

        7.5 ERISA. Customer shall promptly
notify IBM Credit in writing after it learns of the occurrence of any event
which would constitute a "reportable event" under ERISA or any regulations
thereunder with respect to any Plan, or that the PBGC has instituted or will
institute proceedings to terminate any Plan. Notwithstanding the foregoing,
Customer shall have no obligation to notify IBM Credit as to any "reportable
event" as to which the 30-day notice requirement of Section 4043(b) has been
waived by the PBGC, until such time as such Customer is required to notify the
PBGC of such reportable event. Such notification shall include a certificate of
the chief financial officer of Customer setting forth details as to such
"reportable event" and the action which Customer proposes to take with respect
thereto, together with a copy of any notice of such "reportable event" which may
be required to be filed with the PBGC, or any notice delivered by the PBGC
evidencing its intent to institute such proceedings. Upon request of IBM Credit,
Customer shall furnish, or cause the plan administrator to furnish, to IBM
Credit the most recently filed annual report for each Plan.

         

         

      

      
         

         

        

      

      
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        7.6           Environmental
Matters.

      

      
         

        (A) Customer
and any other Person under Customer's control (including, without limitation,
agents and Affiliates under such control) shall (i) comply with all
Environmental Laws in all material respects, and (ii) undertake to use
commercially reasonable efforts to prevent any unlawful release of any Hazardous
Substance by Customer or such Person into, upon, over or under any property now
or hereinafter owned, leased or otherwise controlled (directly or indirectly) by
Customer.

      

      
         

        (B) Customer
shall notify IBM Credit, promptly upon its obtaining knowledge of (i) any
non-routine proceeding or investigation by any Governmental Authority with
respect to the presence of any Hazardous Substances on or in any property now or
hereinafter owned, leased or otherwise controlled (directly or indirectly) by
Customer, (ii) all claims made or threatened by any Person or Governmental
Authority against Customer or any of Customer's assets relating to any loss or
injury resulting from any Hazardous Substance, (iii) Customer's discovery of
evidence of unlawful disposal of or environmental contamination by any Hazardous
Substance on any property now or hereinafter owned, leased or otherwise
controlled (directly or indirectly) by Customer, and (iv) any occurrence or
condition which could constitute a violation of any Environmental
Law.

      

      
         

        7.7           Collateral
Books and Records/Collateral Audit.

      

      
         

        (A) Customer
agrees to maintain books and records pertaining to the Collateral in such
detail, form and scope as is consistent with good business practice, and agrees
that such books and records will reflect IBM Credit's interest in the
Collateral.

      

      
         

        (B) Customer
agrees that IBM Credit or its agents may enter upon the premises of Customer at
any time and from time to time, during normal business hours and upon reasonable
notice under the circumstances, and at any time at all on and after the
occurrence and during the continuance of an Event of Default for the purposes of
(i) inspecting the Collateral, (ii) inspecting and/or copying (at Customer's
expense) any and all records pertaining thereto, and (iii) discussing the
affairs, finances and business of Customer with any officers, employees and
directors of Customer or with the Auditors. Customer also agrees to provide IBM
Credit with such reasonable information and documentation that IBM Credit deems
necessary to conduct the foregoing activities.

      

      
         

        Upon the
occurrence and during the continuance of an Event of Default which has not been
waived by IBM Credit in writing, IBM Credit may conduct any of the foregoing
activities in any manner that IBM Credit deems reasonably
necessary.

      

      
         

        (C) Customer
shall give IBM Credit thirty (30) days prior written notice of any change in the
location of any Collateral or the location of its books and records from the
locations specified in Attachment B, and will execute in advance of such change
and cause to be filed and/or delivered to IBM Credit any financing statements,
landlord or other lien waivers, or other documents or records reasonably
required by IBM Credit, all in form and substance reasonably satisfactory to IBM
Credit.

      

      
         

        (D) Customer
agrees to advise IBM Credit promptly, in reasonably sufficient detail, of any
substantial change relating to the type, quantity or quality of the Collateral,
or any event which could reasonably be expected to have a Material Adverse
Effect on the value of the Collateral or on the security interests granted to
IBM Credit herein.

      

      
         

        (E)  Customer
shall, and shall cause each of its subsidiaries to, from time to time, do and
perform any and all
acts and execute any and all instruments, notices and other documents,
reasonably required or recommended
by IBM Credit to address concerns identified by IBM Credit during the course of
any audit of
Customer’s, or its subsidiaries’ books and records, or
assets.

      

       

      

      
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        7.8           Insurance;
Casualty Loss.

      

      
         

        (A) Customer
agrees to maintain with financially sound and reputable insurance companies: (i)
insurance on its Properties, (ii) public liability insurance against claims for
personal injury or death as a result of the use of any products sold by it and
(iii) insurance coverage against other business risks, in each case, in at least
such amounts and against at least such risks as are usually and prudently
insured against in the same general geographical area by companies of
established repute engaged in the same or a similar business. Customer will
furnish to IBM Credit, upon its written request, the insurance certificates with
respect to such insurance. In addition, all Policies so maintained are to name
IBM Credit as an additional insured as its interest may
appear.

      

      
         

        (B) Without
limiting the generality of the foregoing, Customer shall keep and maintain, at
its sole expense, the Collateral insured for an amount not less than the amount
set forth on Attachment A from time to time opposite the caption "Collateral
Insurance Amount" against all loss or damage under an "all risk" Policy with
companies mutually acceptable to IBM Credit and Customer, with a lender's loss
payable endorsement or mortgagee clause in form and substance reasonably
satisfactory to IBM Credit designating that any loss payable thereunder with
respect to such Collateral shall be payable to IBM Credit. Upon receipt of
Proceeds by IBM Credit the same shall be applied on account of Customer's
Outstanding Product Advances. Customer agrees to instruct each insurer to give
IBM Credit, by endorsement upon the Policy issued by it or by independent
instruments furnished to IBM Credit, at least ten (10) days written notice
before any Policy shall be altered or cancelled and that no act or default of
Customer or any other person shall affect the right of IBM Credit to recover
under the Policies. Customer hereby agrees to direct all insurers under the
Policies to pay all Proceeds with respect to the Collateral directly to IBM
Credit.

      

      
         

        (C) If
Customer fails to pay any cost, charges or premiums, or if Customer fails to
insure the Collateral, IBM Credit may pay such costs, charges or premiums. Any
amounts paid by IBM Credit hereunder shall be considered an additional debt owed
by Customer to IBM Credit and are due and payable immediately upon receipt of an
invoice by IBM Credit.

      

      
         

        7.9     Taxes.  Customer agrees
to pay, when due, all taxes lawfully levied or assessed against Customer
or any of
the Collateral before any penalty or interest accrues thereon unless such taxes
are being contested,
in good faith, by appropriate proceedings promptly instituted and diligently
conducted and an adequate
reserve or other appropriate provisions have been made therefor as required in
order to be in conformity
with GAAP and an adverse determination in such proceedings could not reasonably
be expected
to have a Material Adverse Effect.

      

      
         

        7.10 Compliance With Laws. Customer
agrees to comply with all Requirements of Law applicable to the Collateral or
any part thereof, or to the operation of its business.

      

      
         

        7.11 Fiscal Year. Customer agrees
to maintain its fiscal year as a year ending September 30, unless Customer
provides IBM Credit at least thirty (30) days prior written notice of any change
thereof.

      

      
         

        7.12 Intellectual Property.
Customer shall do and cause to be done all things necessary to preserve
and keep in full force and effect all registrations of Intellectual Property
which the failure to do or cause to be done could reasonably be expected to have
a Material Adverse Effect.

      

      
         

        7.13 Maintenance of Property.
Customer shall maintain all of its Properties that are used or useful in
the conduct of its business or otherwise in good condition and repair (ordinary
wear and tear excepted) and pay and discharge all costs of repair and
maintenance thereof and all rental and mortgage payments and related charges
pertaining thereto and not commit or permit any waste with respect to any of its
material Properties.

        
 

      

      
        

         

         

        

      

      
        En Pointe
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        7.14           Collateral. Customer
shall:

      

      
         

        (A) from time
to time upon request of IBM Credit, provide IBM Credit with access to copies of
all invoices, delivery evidences and other such documents relating to each
Account;

      

      
         

        (B) promptly
upon Customer's obtaining knowledge thereof, furnish to and inform IBM Credit of
all material adverse information relating to the financial condition of any
Account debtor whose outstanding obligations to Customer constitute two percent
(2%) or more of the Accounts at such time (a "Material Account
Debtor");

      

      
         

        (C) promptly
upon Customer's learning thereof, notify IBM Credit in writing of any event
which would cause any obligation of a Material Account Debtor to become an
Ineligible Account;

      

      
         

        (D) keep all
goods rejected or returned by any Account debtor and all goods repossessed or
stopped in transit by Customer from any Account debtor segregated from other
property of Customer, holding the same in trust for IBM Credit until Customer
applies a credit against such Account debtor's outstanding obligations to
Customer or sells such goods in the ordinary course of business, whichever
occurs earlier;

      

      
         

        (E) stamp
or otherwise mark chattel paper and instruments now owned or hereafter acquired
by it in conspicuous
type to show that the same are subject to IBM Credit's security interest and
immediately thereafter
deliver or cause such chattel paper and instruments to be delivered to IBM
Credit or any agent designated
by IBM Credit with appropriate endorsements and assignments to vest title and
possession in IBM
Credit;

      

      
         

              
(F)  use commercially reasonable efforts to collect all Accounts
owed;

      

      
         

              
(G)  promptly notify IBM Credit of any loss, theft or destruction of
or damage to any of the Collateral.  Customer
shall diligently file and prosecute its claim for any award or payment in
connection with any such
loss, theft, destruction of or damage to Collateral. Customer shall, upon demand
of IBM Credit, make,
execute and deliver any assignments and other instruments sufficient for the
purpose of assigning any such
award or payment to IBM Credit, free of any encumbrances of any kind
whatsoever;

      

      
         

        (H)
consistent with reasonable commercial practice, observe and perform all matters
and things necessary or expedient to be observed or performed under or by virtue
of any lease, license, concession or franchise forming part of the Collateral in
order to preserve, protect and maintain all the rights of IBM Credit
thereunder;

      

      
        

               
(I) promptly notify IBM Credit if Customer is a beneficiary under a letter of
credit now or hereafter issued in favor of Customer;

      

      
         

        (J)
consistent with reasonable commercial practice, maintain, use and operate the
Collateral and carry on and conduct its business in a proper and efficient
manner so as to preserve and protect the Collateral and the earnings, incomes,
rents, issues and profits thereof; and

      

      
         

        (K) at
any time and from time to time, upon the request of IBM Credit, and at the sole
expense of Customer, Customer will promptly and duly execute and deliver such
further instruments and documents and take such further action as IBM Credit may
reasonably request for the purpose of obtaining or preserving the full benefits
of this Agreement and of the rights and powers herein granted, including,
without limitation, the filing of any financing or continuation statements under
the U.C.C. in effect in any jurisdiction with respect to the security interests
granted herein and the payment of any and all recording taxes and filing fees in
connection therewith.

      

      
        

        7.15           Additional
Collateral, etc.

      

      
         

        (A) With
respect to any property in the United States acquired after the Closing Date by
Customer or its Subsidiary (other than any property described in paragraphs (B)
and (C) below, as to which IBM Credit

         

        

      

      
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        does not have a perfected Lien), Customer or its Subsidiary
shall promptly notify IBM Credit of such acquisition and agrees to (i) execute
and deliver to IBM Credit such amendments to this Agreement or such other
documents as IBM Credit deems necessary or advisable to grant to IBM Credit a
security interest in such property, (ii) in the case of Deposit Accounts, Letter
of Credit Rights, and any other relevant Collateral, take any actions requested
by IBM Credit to enable IBM Credit to obtain “control” (within the meaning of
the U.C.C.) with respect thereto, (iii) cause IBM Credit’s name to be noted as
secured party on any certificate of title for a titled good if such notation is
deemed necessary or advisable by IBM Credit for the attachment, perfection or
priority of, or the ability of IBM Credit to enforce or realize on, IBM Credit’s
security interest in such Collateral (iv) comply with any Requirement of Law as
to any Collateral if such compliance is deemed necessary or advisable by IBM
Credit for the attachment, perfection or priority of, or the ability of IBM
Credit to enforce or realize on, IBM Credit’s security interest in such
Collateral, (v) obtain consents and approvals from any Governmental Authority or
other Person, including without limitation any consent of licensor, lessor or
other Person obligated on Collateral, (vi) execute and deliver such documents,
agreements, and instruments as may be required by IBM Credit to further evidence
and perfect its security interests in all Intellectual Property, (vii) obtain
waivers from mortgagees and landlords in form and substance satisfactory to IBM
Credit, and (viii) take all actions necessary or advisable to grant to IBM
Credit a perfected first priority security interest in such property, including
the filing of U.C.C. financing statements in such jurisdictions as may be
required by this Agreement or the Other Documents, or by law or as may be
requested by IBM Credit other than property that is the subject of an
Intercreditor Agreement.

      

      
         

        (B) If
Customer shall at any time hold or acquire a Commercial Tort Claim, then
Customer shall immediately notify IBM Credit in writing signed by Customer of
the details thereof and grant to IBM Credit in such writing a security interest
therein and in the Proceeds thereof, all upon the terms of this Agreement, with
such writing to be in form and substance satisfactory to IBM
Credit.

      

      
         

        (C) With
respect to any new Subsidiary created or acquired after the Closing Date by
Customer or its Subsidiary, Customer or such Subsidiary shall, upon IBM Credit’s
request: (i) execute and deliver to IBM Credit such amendments to this Agreement
or any other documents that IBM Credit deems necessary or advisable to grant to
IBM Credit a perfected first priority security interest in the capital stock of
such new Subsidiary that is owned by Customer or its Subsidiary, (ii) deliver to
IBM Credit the certificates representing such capital stock, together with
undated stock powers, in blank, executed and delivered by a duly authorized
officer of Customer or the relevant Subsidiary, (iii) cause such new Subsidiary
(a) to become a party to this Agreement, (b) to take such actions necessary or
advisable to grant to IBM Credit a perfected first priority security interest in
the Collateral described in this Agreement with respect to such new Subsidiary,
including the filing of U.C.C financing statements in such jurisdictions as may
be required by this Agreement or by law or as may be requested by IBM Credit and
(c) to deliver to IBM Credit a certificate of the secretary or an assistant
secretary of such Subsidiary, in form and substance satisfactory to IBM Credit
in its sole discretion, with appropriate insertions and attachments, and (iv) if
requested by IBM Credit, deliver to IBM Credit legal opinions relating to the
matters described above, which opinions shall be in form and substance and from
counsel, reasonably satisfactory to IBM Credit. Customer will comply, and cause
all Subsidiaries of Customer to comply with Section 7 and Section 8 of this
Agreement, as if such sections applied directly to such
Subsidiaries.

      

      
         

        7.16 Financial Covenants; Additional
Covenants. Customer acknowledges and agrees that Customer shall comply
with the financial covenants and other covenants set forth in the attachments,
exhibits and other addenda incorporated herein and made a part of this
Agreement.

      

      
         

        Section
8. NEGATIVE COVENANTS

      

      
        

        Until
termination of this Agreement and the indefeasible payment and satisfaction of
all Obligations hereunder:

         

        

      

      
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        8.1 Liens. Customer will not,
directly or indirectly mortgage, assign, pledge, transfer, create, incur,
assume, permit to exist or otherwise permit any Lien or judgment to exist on any
of the Collateral, whether now owned or hereafter acquired except for Permitted
Liens.

      

      
         

        8.2 Disposition of Collateral.
Customer will not, directly or indirectly, sell, lease, assign, transfer
or otherwise dispose of any Collateral other than sales of inventory in the
ordinary course of business and short term rental of inventory as demonstrations
in amounts not material to Customer.

      

      
         

        8.3 Changes in
Customer.   Subject to Customer having provided 30 days
written notice:

      

       

      
        (A) Customer
will not change its (i) name, (ii) State of organization, (iii) its
organization, or (iv) form of ownership or structure;

      

      
         

        (B) Customer
will not without the prior written consent of IBM Credit directly or indirectly,
merge, consolidate, liquidate, dissolve or enter into or engage in any operation
or activity materially different from that presently being conducted by
Customer.

      

       

      
        8.4 Guaranties. Subject to
Customer having provided 30 day written notice, on a best efforts basis,
Customer may, directly or indirectly, assume, guaranty, endorse, or otherwise
become liable upon the obligations of any other Person, except (i) by the
endorsement of negotiable instruments for deposit or collection or similar
transactions in the ordinary course of business, (ii) by the giving of
indemnities in connection with the sale of inventory or other asset dispositions
permitted hereunder, (iii) for guaranties in favor of Customer’s Subsidiaries or
Affiliates, and (iv) for guaranties in favor of IBM Credit.

      

      
         

        8.5 Restricted Payments. Subject
to Customer having provided 30 day written notice, on a best efforts basis, and
provided that Customer remain in compliance with the financial covenants set
forth in Attachment A, Section 4, Customer may, directly or indirectly: (i)
declare or pay any dividend (other than dividends payable solely in common stock
of Customer or membership interest if Customer is a limited liability company)
on, or make any payment on account of, or set apart assets for a sinking or
other analogous fund for, the purchase, redemption, defeasance, retirement or
other acquisition of, any shares of any class of capital stock of Customer or
any warrants, options or rights to purchase any such capital stock, whether now
or hereafter outstanding, or make any other distribution in respect thereof,
either directly or indirectly, whether in cash or property or in obligations of
Customer; or (ii) make any optional payment or prepayment on or redemption
(including, without limitation, by making payments to a sinking or analogous
fund) or repurchase of any Indebtedness (other than the
Obligations).

      

      
         

        8.6 Investments.
Reserved

      

      
         

        8.7 Affiliate/Subsidiary Transactions.
Customer will not, directly or indirectly, enter into any transaction
with any Affiliate or Subsidiary, including, without limitation, the purchase,
sale or exchange of property or the rendering of any service to any Affiliate or
Subsidiary of Customer except in the ordinary course of business and pursuant to
the reasonable requirements of Customer's business upon fair and reasonable
terms no less favorable to Customer than could be obtained in a comparable
arm's-length transaction with an unaffiliated Person.

      

      
         

        8.8 ERISA. Customer will not (i)
terminate any Plan so as to incur a material liability to the PBGC, (ii) permit
any "prohibited transaction" involving any Plan (other than a "multi-employer
benefit plan") which would subject Customer to a material tax or penalty on
"prohibited transactions" under the Code or ERISA, (iii) fail to pay to any Plan
any contribution which they are obligated to pay under the terms of such Plan,
if such failure would result in a material "accumulated funding deficiency",
whether or not waived, (iv) allow or suffer to exist any occurrence of a
"reportable event" or any other event or condition, which presents a material
risk of termination by the PBGC of any Plan (other than a "multi-employer
benefit plan"), or (v) fail to notify IBM Credit as required in Section 7.5. As
used in this Agreement, the terms "accumulated funding deficiency" and
"reportable event" shall have the respective meanings assigned to them in ERISA,
and the term "prohibited transaction" shall have the meaning assigned to it
in

         

        

      

      
        

         

         

         

        

      

      
        En Pointe
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        the Code and ERISA. For purposes of this Section 8.8, the terms
"material liability", "tax", "penalty", "accumulated funding deficiency" and
"risk of termination" shall mean a liability, tax, penalty, accumulated funding
deficiency or risk of termination which could reasonably be expected to have a
Material Adverse Effect.

      

      
         

        8.9   Additional Negative Pledges.
Customer will not, directly or indirectly, create or otherwise cause or
permit to
exist or become effective any contractual obligation which may restrict or
inhibit IBM Credit's rights or
ability to sell or otherwise dispose of the Collateral or any part thereof after
the occurrence and during
the continuance of an Event of Default.

      

      
         

        8.10 Storage of Collateral with Bailees
and Warehousemen. Collateral shall not be stored with a bailee,
warehouseman or similar party without the prior written consent of IBM Credit
unless Customer will, concurrently with the delivery of such Collateral to such
party, cause such party to, as required by IBM Credit, (i) enter into an
agreement acknowledging that such party holds possession of Collateral (other
than certificated securities and goods covered by a document) for the benefit of
IBM Credit, or (ii) issue and deliver to IBM Credit, warehouse receipts in the
name of IBM Credit evidencing the storage of such Collateral.

      

      
         

        8.11 Accounts. Customer shall not
permit or agree to any extension, compromise or settlement or make any change or
modification of any kind or nature with respect to any Account, including any of
the terms relating thereto, which would affect IBM Credit's ability to collect
payment on any Account in whole or in part, except for such extensions,
compromises or settlements made by Customer in the ordinary course of its
business, provided, however, that the aggregate amount of such extensions,
compromises or settlements does not exceed five percent (5%) of Customer's
Accounts at any time.

      

      
        

        8.12 Indebtedness. Customer will
not create, incur, assume or permit to exist any Indebtedness, except for
Permitted Indebtedness.

      

      
         

        8.13 Loans.
Reserved

      

      
        

        8.14 Lockboxes and Special Accounts.
Customer shall not have or maintain any Lockbox, Special Account or other
Deposit Account with any bank except as provided in Section 3.3 of this
Agreement.

      

      
         

        Section
9. DEFAULT

      

      
        

        9.1 Event of Default. Any one
or more of the following events shall constitute an Event of Default by Customer
under this Agreement and the Other Documents:

      

      
         

               
(A) The
failure to make timely payment of the Obligations or any part thereof when due
and payable;

      

      
         

        (B) Customer
fails to comply with or observe any term, covenant or agreement contained in
this Agreement or any of the Other Documents;

      

      
        

               
(C) Any
representation, warranty, statement, report or certificate made or delivered by
or on behalf of Customer or any of its officers, employees or agents or by or on
behalf of any guarantor to IBM Credit was false in any material respect at the
time when made or deemed made;

      

      
         

        (D) The
occurrence of any event or circumstance which could reasonably be expected to
have a Material Adverse Effect;

      

      
         

        (E)  Customer,
any Subsidiary or any guarantor shall generally not pay its debts as such debts
become
due, become or otherwise declare itself insolvent, file a voluntary petition for
bankruptcy protection,
have filed against it any involuntary bankruptcy petition, cease to do business
as a going concern,
make any assignment for the benefit of creditors, or a custodian, receiver,
trustee, liquidator, administrator
or person with similar powers shall be appointed for Customer, any Subsidiary or
any

      

       

      

      
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        guarantor or any of its respective Properties or have any of its
respective Properties seized or attached, or take any action to authorize, or
for the purpose of effectuating, the foregoing, provided, however, that
Customer, any Subsidiary or any guarantor shall have a period of sixty (60) days
within which to discharge any involuntary petition for bankruptcy or similar
proceeding;

      

      
         

        (F)  The
use of any funds borrowed from IBM Credit under this Agreement for any purpose
other than as
provided in this Agreement;

      

      
         

        (G)  The
entry of any judgment against Customer or any guarantor in an amount in excess
of the Threshold
Amount and such judgment is not satisfied, dismissed, stayed or superseded by
bond within sixty
(60) days after the day of entry thereof (and in the event of a stay or
supersede as bond, such judgment
is not discharged within sixty (60) days after termination of any such stay or
bond) or such judgment
is not fully covered by insurance as to which the insurance company has
acknowledged its obligation
to pay such judgment in full;

      

      
         

        (H) The
dissolution or liquidation of Customer, any Subsidiary or any guarantor, or
Customer or any guarantor or its directors or stockholders shall take any action
to dissolve or liquidate Customer or any guarantor;

      

      
         

        (I) Any
"going concern" or like qualification or exception, or qualification arising out
of the scope of an audit by an Auditor of its opinion relative to any Financial
Statement delivered to IBM Credit under this Agreement;

      

      
         

        (J) The
issuance of a warrant of distress for any rent or taxes in an amount in excess
of the Threshold Amount with respect to any premises occupied by Customer in or
upon which the Collateral, or any part thereof, may at any time be situated and
such warrant shall continue for a period of thirty (30) Business Days from the
date such warrant is issued;

      

      
         

              
(K) Customer suspends business;

      

      
         

        (L) The
occurrence of any event or condition that, with the passage of time or the
giving of notice, or both, permits the holder of any Indebtedness arising in one
or more related or unrelated transactions to accelerate the maturity thereof or
the failure of Customer to pay when due any such
Indebtedness;

      

      
         

        (M) Any
guaranty of any or all of Customer's Obligations executed by any guarantor in
favor of IBM Credit, shall at any time for any reason cease to be in full force
and effect or shall be declared to be null and void by a court of competent
jurisdiction or the validity or enforceability thereof shall be contested or
denied by any such guarantor, or any such guarantor shall deny that it has any
further liability or obligation thereunder or any such guarantor shall fail to
comply with or observe any of the terms, provisions or conditions contained in
any such guaranty;

      

      
         

        (N)
Customer is in default under the material terms of any of the Other Documents
after the expiration of any applicable cure periods;

      

      
         

        (O) There
shall occur a "reportable event" with respect to any Plan, or any Plan shall be
subject to termination proceedings (whether voluntary or involuntary) and there
shall result from such "reportable event" or termination proceedings a liability
of Customer to the PBGC which in the reasonable opinion of IBM Credit will have
a Material Adverse Effect;

      

      
         

        (P) Any
"person" (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934,
as amended) acquires a beneficial interest in 50% or more of the Voting Stock of
Customer.

      

      
        

         

        9.2 Cessation of Advances and
Acceleration. Upon the occurrence and during the continuance of an Event
of Default which has not been waived in writing by IBM Credit, IBM Credit may,
in its sole discretion, take any or all of the following actions, without
prejudice to any other rights it may have at law or under this Agreement to
enforce its claims against Customer: (i) cease making Product Advances
to

         

        

      

      
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Technologies Sales, Inc AIFAR                        Page 27 of
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        Customer; (ii) declare all Obligations to be immediately due and
payable (except with respect to any Event of Default set forth in Section 9.1(E)
hereof, in which case all Obligations shall automatically become immediately due
and payable without the necessity of any notice or other demand) without
presentment, demand, protest or any other action or obligation of IBM Credit;
and (iii) immediately terminate the Credit Line
hereunder.

      

      
         

        9.3
Remedies.

      

      
         

        (A) Upon the
occurrence and during the continuance of any Event of Default which has not been
waived in writing by IBM Credit, IBM Credit may exercise all rights and remedies
of a secured party under the U.C.C. Without limiting the generality of the
foregoing, IBM Credit may: (i) remove from any premises where same may be
located any and all documents, instruments, files and records (including the
copying of any computer records), and any receptacles or cabinets containing
same, relating to the Collateral, or IBM Credit may use (at the expense of
Customer) such of the supplies or space of Customer at Customer's place of
business or otherwise, as may be necessary to properly administer and control
the Collateral or the handling of collections and realizations thereon; (ii)
bring suit, in the name of Customer or IBM Credit and generally shall have all
other rights respecting said Accounts, including without limitation the right to
accelerate or extend the time of payment, settle, compromise, release in whole
or in part any amounts owing on any Accounts and issue credits in the name of
Customer or IBM Credit; (iii) sell, assign and deliver the Accounts and any
returned, reclaimed or repossessed merchandise, with or without advertisement,
at public or private sale, for cash, on credit or otherwise, at IBM Credit's
sole option and discretion, and IBM Credit may bid or become a purchaser at any
such sale; and (iv) foreclose the security interests created pursuant to this
Agreement by any available judicial procedure, or to take possession of any or
all of the Collateral without judicial process and to enter any premises where
any Collateral may be located for the purpose of taking possession of or
removing the same.

      

      
        

         

        (B) Upon the
occurrence and during the continuance of any Event of Default which has not been
waived in writing by IBM Credit, IBM Credit shall have the right to sell, lease,
or otherwise dispose of all or any part of the Collateral, whether in its then
condition or after further preparation or processing, in the name of Customer or
IBM Credit, or in the name of such other party as IBM Credit may designate,
either at public or private sale or at any broker's board, in lots or in bulk,
for cash or for credit, with or without warranties or representations, and upon
such other terms and conditions as IBM Credit in its sole discretion may deem
advisable, and IBM Credit shall have the right to purchase at any such sale.
Until reduced to cash, IBM Credit shall have no obligation to reduce the
Obligations by applying non-cash Proceeds of the disposition of Collateral. If
IBM Credit, in its sole discretion determines that any of the Collateral
requires rebuilding, repairing, maintenance or preparation, IBM Credit shall
have the right, at its option, to do such of the aforesaid as it deems necessary
for the purpose of putting such Collateral in such saleable form as IBM Credit
shall deem appropriate. Customer hereby agrees that any disposition by IBM
Credit of any Collateral pursuant to and in accordance with the terms of a
repurchase agreement between IBM Credit and the manufacturer or any supplier
(including any Authorized Supplier) of such Collateral constitutes a
commercially reasonable sale. Customer agrees, at the request of IBM Credit, to
assemble the Collateral and to make it available to IBM Credit at places which
IBM Credit shall select, whether at the premises of Customer or elsewhere, and
to make available to IBM Credit the premises and facilities of Customer for the
purpose of IBM Credit's taking possession of, removing or putting such
Collateral in saleable form. If notice of intended disposition of any Collateral
is required by law, it is agreed that ten (10) Business Days notice shall
constitute reasonable notification.

      

      
        

         

        (C) Unless
expressly prohibited by the licensor thereof, if any, IBM Credit is hereby
granted, upon the occurrence and during the continuance of any Event of Default
which has not been waived in writing by IBM Credit, an irrevocable,
non-exclusive license to use, assign, license or sublicense all computer
software programs, data bases, processes and materials used by Customer in its
businesses or in connection with any of the Collateral.

      

      
        

         

        (D) The net
cash Proceeds resulting from IBM Credit's exercise of any of the foregoing
rights (after deducting all charges, costs and expenses, including reasonable
attorneys' fees) shall be applied by IBM Credit to the payment of Customer's
Obligations, whether due or to become due, in such order as IBM

         

        

      

      
        

         

         

         

        

      

      
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        Credit may in it sole discretion elect. Customer shall remain
liable to IBM Credit for any deficiencies, and IBM Credit in turn agrees to
remit to Customer or its successors or assigns, any surplus resulting
therefrom.

      

      
         

        (E) The
enumeration of the foregoing rights is not intended to be exhaustive and the
exercise of any right or remedy by IBM Credit shall not preclude the exercise of
any other rights, all of which shall be cumulative.

      

      
         

        9.4 Waiver If IBM Credit seeks
to take possession of any of the Collateral by any court process Customer hereby
irrevocably waives to the extent permitted by applicable law any bonds, surety
and security relating thereto required by any statute, court rule or otherwise
as an incident to such possession and any demand for possession of the
Collateral prior to the commencement of any suit or action to recover possession
thereof. In addition, Customer waives to the extent permitted by applicable law
all rights of set-off it may have against IBM Credit. Customer further waives to
the extent permitted by applicable law presentment, demand and protest, and
notices of non-payment, non-performance, any right of contribution, dishonor,
and any other demands, and notices required by law.

      

      
         

        Section
10. MISCELLANEOUS

      

      
        

        10.1           Term;
Termination.

      

      
         

        (A) This
Agreement shall remain in force until the earlier of (i) the Termination Date,
(ii) the date specified in a written notice by Customer that they intend to
terminate this Agreement which date shall be no less than ninety (90) days
following the receipt by IBM Credit of such written notice, and (iii)
termination by IBM Credit after the occurrence and during the continuance of an
Event of Default. Upon the date that this Agreement is terminated, all of
Customer’s Obligations shall be immediately due and payable in their entirety,
notwithstanding any other provisions of this Agreement.

      

      
         

              
(B) Until the indefeasible payment in full of all of Customer's Obligations, no
termination of this Agreement or any of the Other Documents shall in any way
affect or impair (i) Customer's Obligations to IBM Credit including, without
limitation, any transaction or event occurring prior to and after such
termination, or (ii) IBM Credit's rights hereunder, including, without
limitation, IBM Credit's security interest in the Collateral. Notwithstanding
Customer’s indefeasible payment in full of all of Customer’s Obligations,
Customer agrees that IBM Credit shall not terminate its rights in the Collateral
by the execution of any UCC termination statements until such time that Bank
discharges and releases IBM Credit from Bank’s right to demand reimbursement
and/or indemnification from IBM Credit. On and after a Termination Date IBM
Credit may, but shall not be obligated to, upon the request of Customer,
continue to provide Advances hereunder.

      

      
         

        10.2 Indemnification. Customer
hereby agrees to indemnify and hold harmless IBM Credit and each of its
officers, directors, agents and assigns (collectively, the "Indemnified
Persons") against all losses, claims, damages, liabilities or other expenses
(including reasonable attorneys' fees and court costs now or hereinafter arising
from the enforcement of this Agreement, the "Losses") to which any of them may
become subject insofar as such Losses arise out of or are based upon any event,
circumstance or condition (i) occurring or existing on or before the date of
this Agreement relating to any financing arrangements IBM Credit may from time
to time have with (a) Customer, (b) any Person that shall be acquired by
Customer or (c) any Person that Customer may acquire all or substantially all of
the assets of, or (ii) directly or indirectly, relating to the execution,
delivery or performance of this Agreement or the consummation of the
transactions contemplated hereby or thereby or to any of the Collateral or to
any act or omission of Customer in connection therewith. Notwithstanding the
foregoing, Customer shall not be obligated to indemnify IBM Credit for any
Losses incurred by IBM Credit which are a result of IBM Credit's gross
negligence or willful misconduct. The indemnity provided herein shall survive
the termination of this Agreement.

      

      
        

        10.3 Additional Obligations. IBM
Credit, without waiving or releasing any Obligation or Default of Customer, may
perform any Obligations of Customer that Customer shall fail or refuse to
perform and

         

      

      
         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 29 of
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2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        IBM Credit may, at any time or times hereafter, but shall be
under no obligation to do so, pay, acquire or accept any assignment of any
security interest, lien, encumbrance or claim against the Collateral asserted by
any person. All sums paid by IBM Credit in performing in satisfaction or on
account of the foregoing and any expenses, including reasonable attorney's fees,
court costs, and other charges relating thereto, shall be a part of the
Obligations, payable on demand and secured by the
Collateral.

      

      
         

        10.4 LIMITATION OF LIABILITY. NEITHER IBM CREDIT NOR ANY OTHER INDEMNIFIED PERSON SHALL HAVE ANY LIABILITY WITH RESPECT
TO ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES SUFFERED BY CUSTOMER IN
CONNECTION WITH THIS AGREEMENT, ANY OTHER AGREEMENT, ANY DELAY, OMISSION OR
ERROR IN THE ELECTRONIC TRANSMISSION OR RECEIPT OF ANY E-DOCUMENT, OR ANY CLAIMS
IN ANY MANNER RELATED THERETO. NOR SHALL IBM CREDIT OR ANY OTHER INDEMNIFIED
PERSON HAVE ANY LIABILITY TO CUSTOMER OR ANY OTHER PERSON FOR ANY ACTION TAKEN
OR OMITTED TO BE TAKEN BY IT OR THEM HEREUNDER, EXCEPT FOR ITS OR THEIR OWN
GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. IN THE EVENT CUSTOMER REQUESTS IBM
CREDIT TO EFFECT A WITHDRAWAL OR DEBIT OF FUNDS FROM AN ACCOUNT OF CUSTOMER,
THEN IN NO EVENT SHALL IBM CREDIT BE LIABLE FOR ANY AMOUNT IN EXCESS OF ANY
AMOUNT INCORRECTLY DEBITED, EXCEPT IN THE EVENT OF IBM CREDIT'S GROSS NEGLIGENCE
OR WILLFUL MISCONDUCT. NO PARTY SHALL BE LIABLE FOR ANY FAILURE TO PERFORM ITS
OBLIGATIONS IN CONNECTION WITH ANY E-DOCUMENT, WHERE SUCH FAILURE RESULTS FROM
ANY ACT OF GOD OR OTHER CAUSE BEYOND SUCH PARTY'S REASONABLE CONTROL (INCLUDING,
WITHOUT LIMITATION, ANY MECHANICAL, ELECTRONIC OR COMMUNICATIONS FAILURE) WHICH
PREVENTS SUCH PARTY FROM TRANSMITTING OR RECEIVING
E-DOCUMENTS.

      

      
         

        10.5 Alteration/Waiver. This
Agreement and the Other Documents may not be altered or amended except by an
agreement in writing signed by Customer and by IBM Credit. No delay or omission
of IBM Credit to exercise any right or remedy hereunder, whether before or after
the occurrence of any Event of Default, shall impair any such right or remedy or
shall operate as a waiver thereof or as a waiver of any such Event of Default.
In the event that IBM Credit at any time or from time to time dispenses with any
one or more of the requirements specified in this Agreement or any of the Other
Documents, such dispensation may be revoked by IBM Credit at any time and shall
not be deemed to constitute a waiver of any such requirement subsequent thereto.
IBM Credit's failure at any time or times to require strict compliance and
performance by Customer of any undertakings, agreements, covenants, warranties
and representations of this Agreement or any of the Other Documents shall not
waive, affect or diminish any right of IBM Credit thereafter to demand strict
compliance and performance thereof. Any waiver by IBM Credit of any Default by
Customer under this Agreement or any of the Other Documents shall not waive or
affect any other Default by Customer under this Agreement or any of the Other
Documents, whether such Default is prior or subsequent to such other Default and
whether of the same or a different type. None of the undertakings, agreements,
warranties, covenants, and representations of Customer contained in this
Agreement or the Other Documents and no Default by Customer shall be deemed
waived by IBM Credit unless such waiver is in writing signed by an authorized
representative of IBM Credit.

      

      
         

        10.6 Severability. If any provision
of this Agreement or the Other Documents or the application thereof to any
Person or circumstance is held invalid or unenforceable, the remainder of this
Agreement and the Other Documents and the application of such provision to other
Persons or circumstances will not be affected thereby, the provisions of this
Agreement and the Other Documents being severable in any such
instance.

      

      
         

        10.7 One Loan. All Advances
heretofore, now or at any time or times hereafter made by IBM Credit to Customer
under this Agreement or the Other Documents shall constitute one loan secured by
IBM Credit's security interests in the Collateral and by all other security
interests, liens and encumbrances heretofore, now or from time to time hereafter
granted by Customer to IBM Credit or any assignor of IBM
Credit.

      

      
         

        10.8 Additional Collateral. All
monies, reserves and Proceeds received or collected by IBM Credit with respect
to other property of Customer in possession of IBM Credit at any time or times
hereafter are hereby pledged by Customer to IBM Credit as security for the
payment of Customer's Obligations and

         

        

      

      
        

         

         

         

        

      

      
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Technologies Sales, Inc AIFAR                        Page 30 of
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        shall be applied promptly by IBM Credit on account of Customer's
Obligations; provided, however, IBM Credit may release to Customer such portions
of such monies, reserves and Proceeds as IBM Credit may from time to time
determine, in its sole discretion.

      

      
         

        10.9           No
Merger or Novations.

      

      
         

        (A) Notwithstanding
anything contained in any document to the contrary, it is understood and agreed
by Customer and IBM Credit that the claims of IBM Credit arising hereunder and
existing as of the date hereof constitute continuing claims arising out of the
Obligations of Customer under the Financing Agreement and any Other Documents.
Customer acknowledges and agrees that such Obligations outstanding as of the
date hereof have not been satisfied or discharged and that this Agreement is not
intended to effect a novation of Customer's Obligations under the Financing
Agreement or any Other Documents.

      

      
         

        (B) Neither
the obtaining of any judgment nor the exercise of any power of seizure or sale
shall operate to extinguish the Obligations of Customer to IBM Credit secured by
this Agreement and shall not operate as a merger of any covenant in this
Agreement, and the acceptance of any payment or alternate security shall not
constitute or create a novation and the obtaining of a judgment or judgments
under a covenant herein contained shall not operate as a merger of that covenant
or affect IBM Credit's rights under this Agreement.

      

      

      
        10.10 Paragraph Titles. The Section
titles used in this Agreement and the Other Documents are for convenience only
and do not define or limit the contents of any Section.

      

      
         

        10.11 Binding Effect; Assignment.
This Agreement and the Other Documents shall be binding upon and inure to
the benefit of IBM Credit and Customer and their respective successors and
assigns; provided, that Customer shall have no right to assign this Agreement or
any of the Other Documents without the prior written consent of IBM Credit. This
Agreement is intended solely for the benefit of IBM Credit, Customer and their
permitted successors and assigns. No other person shall receive any benefit or
right in or under this Agreement.

      

      
         

        10.12 Notices;
E-Business Acknowledgment.

      

      
         

        (A) Except
as otherwise expressly provided in this Agreement, any notice required or
desired to be served,
given or delivered hereunder shall be in writing, and shall be deemed to have
been validly served,
given or delivered (i) upon receipt if deposited in the United States mails,
first class mail, with proper
postage prepaid, (ii) upon receipt of confirmation or answerback if sent by
telecopy, or other similar
facsimile transmission, (iii) one Business Day after deposit with a reputable
overnight courier with all
charges prepaid, or (iv) when delivered, if hand-delivered by messenger, all of
which shall be properly addressed
to the party to be notified and sent to the address or number indicated as
follows:

      

      
         

         

        (a) If to
IBM Credit
at:                                                               (b)
If to Customer at:

      

      
        

         

        IBM
Credit
LLC                                                              En
Pointe Technologies Sales, Inc.

      

      
        4111
Northside
Parkway                                               18701
S. Figueroa Street

      

      
        Atlanta,
GA
30327                                                          Gardena,
CA 90248-4506

      

      
        Attention:
Credit Manager, Stanton
Clark                  Attention:
Javed Latif, CFO

        Facsimile:
404
238-3448                                                 
 Facsimile: (310) 258-2324

      

      
        or to
such other address or number as each party designates to the other in the manner
prescribed herein.

      

      
         

        (B)   (i)
Each party may electronically transmit to or receive from the other party
certain documents set forth
in Attachment I ("E-Documents") via the Internet or electronic data interchange
("EDI"). All E-Documents
duly sent by a party in accordance with this Agreement and received by the other
party, shall constitute
a record authenticated by the sender. Any transmission of data which is not an
E-Document shall
have no force or effect between the parties. EDI transmissions may be sent
directly or through any

      

       

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 31 of
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2008

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        third party service provider ("Provider") with which either
party may contract. Each party shall be liable for the acts or omissions of its
Provider while handling E-Documents for such party, provided, that if both
parties use the same Provider, the originating party shall be liable for the
acts or omissions of such Provider as to such E-Document. Some information to be
made available to Customer will be specific to Customer and will require
Customer's registration with IBM Credit before access is provided. After IBM
Credit has approved the registration submitted by Customer, IBM Credit shall
provide an ID and password(s) to an individual designated by Customer ("Customer
Recipient"). Customer accepts responsibility for the designated individual's
distribution of the ID and password(s) within its organization and Customer will
take reasonable measures to ensure that passwords are not shared or disclosed to
unauthorized individuals. Customer will conduct an annual review of all IDs and
passwords to ensure they are accurate and properly authorized. IBM CREDIT MAY
CHANGE OR DISCONTINUE USE OF AN ID OR PASSWORD AT ITS DISCRETION AT ANY TIME.
E-Documents shall not be deemed to have been properly received, and no
E-Document shall give rise to any obligation, until accessible to the receiving
party at such party's receipt computer at the address specified herein. Upon
proper receipt of an E-Document, the receiving party shall promptly transmit a
functional acknowledgment in return. A functional acknowledgment shall
constitute conclusive evidence that an E-Document has been properly received. If
any transmitted E-Document is received in an unintelligible or garbled form, the
receiving party shall promptly notify the originating party in a reasonable
manner. In the absence of such a notice, the originating party's records of the
contents of such E-Document shall control.

      

      
         

        (ii) Each
party shall use those security procedures which are reasonably sufficient to
ensure that all transmissions of E-Documents are authorized and to protect its
business records and data from improper access. Any E-Document received pursuant
to this Section 10.12 shall have the same effect as if the contents of the
E-Document had been sent in paper rather than electronic form. The conduct of
the parties pursuant to this Section 10.12 shall, for all legal purposes,
evidence a course of dealing and a course of performance accepted by the
parties. The parties agree not to contest the validity or enforceability of
E-Documents under the provisions of any applicable law relating to whether
certain agreements are to be in writing or signed by the party to be bound
thereby. The parties agree, as to any E-Document accompanied by Customer's ID,
that IBM Credit can reasonably rely on the fact that such E-Document is properly
authorized by Customer. E-Documents, if introduced as evidence on paper in any
judicial, arbitration, mediation or administrative proceedings, will be
admissible as between the parties to the same extent and under the same
conditions as other business records originated and maintained in documentary
form. Neither party shall contest the admissibility of copies of E-Documents
under either the business records exception to the hearsay rule or the best
evidence rule on the basis that the E-Documents were not originated or
maintained in documentary form.

      

      
         

        CUSTOMER
RECIPIENT INFORMATION for Internet transmissions:

      

      
         

        (PLEASE
PRINT)

      

      
        Name of
Customer's Designated Central Contact Authorized to Receive IDs and
Passwords:

      

      
        Javed
Latif

      

      
        e-mail
Address: jlatif@enpointe.com

      

      
        Phone
Number: (310) 337-5212

      

      
        

         

        10.13 Counterparts. This Agreement
may be executed in any number of counterparts, each of which shall be an
original, with the same effect as if the signatures thereto were upon the same
instrument.

      

      
        

         

        10.14 Attachment A Modifications.
IBM Credit may modify the Collateral Insurance Amount set forth in
Attachment A from time to time by providing Customer with a new Attachment A.
Any such new Attachment A shall be effective as of the date specified in the new
Attachment A.

      

      
        

         

        10.15 SUBMISSION AND CONSENT TO
JURISDICTION AND CHOICE OF LAW. TO INDUCE IBM CREDIT TO ACCEPT THIS AGREEMENT AND THE
OTHER DOCUMENTS, THE CUSTOMER HEREBY IRREVOCABLY AND
UNCONDITIONALLY:

         

        

      

      
        

         

         

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 32 of
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        (A) SUBMITS
ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS
AGREEMENT AND ANY OF THE OTHER DOCUMENTS, OR FOR THE RECOGNITION AND ENFORCEMENT
OF ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF
THE COURTS OF THE STATE OF NEW YORK AND ANY FEDERAL DISTRICT COURT IN NEW
YORK.

      

      
         

        (B) CONSENTS
THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND WAIVES ANY
OBJECTION THAT IT MAY NOW OR HEREINAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR
PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING WAS BROUGHT IN AN
INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME.

      

      
         

        (C) AGREES
THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED BY
MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL (OR ANY SUBSTANTIALLY
SIMILAR FORM OF MAIL), POSTAGE PREPAID, TO CUSTOMER AT ITS ADDRESS SET FORTH IN
SECTION 10.12 OR AT SUCH OTHER ADDRESS OF WHICH IBM CREDIT SHALL HAVE BEEN
NOTIFIED PURSUANT THERETO;

      

      
         

        (D) AGREES
THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY
OTHER MANNER PERMITTED BY LAW OR SHALL LIMIT THE RIGHT TO SUE IN ANY OTHER
JURISDICTION.

      

      
         

        (E)  AGREES
THAT THE VALIDITY, INTERPRETATION AND ENFORCEMENT OF THIS AGREEMENT AND
ANY OF
THE OTHER DOCUMENTS SHALL BE GOVERNED BY THE LAWS (WITHOUT GIVING EFFECT TO
CONFLICT
OF LAW PROVISIONS) OF THE STATE OF NEW YORK.

      

      
         

        10.16 JURY TRIAL WAIVER. EACH OF IBM CREDIT AND THE CUSTOMER HEREBY IRREVOCABLY WAIVES THE RIGHT TO TRIAL
BY JURY IN ANY ACTION OR PROCEEDING (INCLUDING ANY COUNTERCLAIM) OF ANY TYPE IN
WHICH IBM CREDIT AND THE CUSTOMER ARE PARTIES AS TO ALL MATTERS ARISING DIRECTLY
OR INDIRECTLY OUT OF THIS AGREEMENT OR ANY DOCUMENT, INSTRUMENT OR AGREEMENT
EXECUTED IN CONNECTION HEREWITH.

      

      
         

        IN WITNESS WHEREOF, Customer has read this entire Agreement, and has caused its authorized representatives to execute
this Agreement and has caused its corporate seal, if any, to be affixed hereto
as of the date first written above.

         

        

      

      
        IBM
Credit LLC

      

      
         

        By: 

        /s/
Robert Gasiorowski

      

      
        

      

      
        Print
Name:  Robert
Gasiorowski                                                                

      

      
        Title:  Regional
Credit
Officer                                                               

      

      
        

        En
Pointe Technologies Sales, Inc.

      

      
         

        By:

        /s/ Javed Latif    
Print
Name:  Javed
Latif                                                                

      

      
        Title:   CFO                                                              

      

      

       

      

      
        En Pointe
Technologies Sales, Inc AIFAR                                                                Page
33 of 55                        March 10,
2008

      

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          Attachment
A (“Attachment A")TO 

          AGREEMENT
FOR INVENTORY FINANCING

        

        
          DATED
March 18, 2008

        

        
          

           

          EFFECTIVE DATE OF THIS ATTACHMENT A: March 18,
2008

        

        
          

           

          Section
1: CUSTOMER/LOAN PARTIES:

        

        
          

           

          (A)
CUSTOMER: En Pointe
Technologies Sales, Inc.

        

        
          

           

          Customer’s
Organization No. (Assigned by State of Organization):  2772959

        

        
          

           

          Section
2: FEES, RATES AND REPAYMENT TERMS:

        

        
          (A) Credit
Line: Twenty-Five Million Dollars ($ 25,000,000.00);

        

        
          (B) Borrowing
Base:

        

        
           

          90% of
the amount of the Customer's Eligible Accounts as of the date of determination
as reflected in the Customer's most recent Collateral Management
Report;

        

        
           

          100% of
the Customer's inventory in the Customer's possession as of the date of
determination as reflected in the Customer's most recent Collateral Management
Report constituting Products (other than service parts) financed through a
Product Advance by IBM Credit, so long as (i) IBM Credit has a first priority
security interest in such Products; (ii) such Products are in new and unopened
boxes, and (iii) the invoice date reflecting the sale of such Products by
Authorized Supplier is not greater than one hundred eighty (180) days prior to
the date of determination. The value to be assigned to such inventory shall be
based upon the Authorized Supplier's invoice price to Customer for Products net
of all applicable price reduction credits.

        

        
          

          (C) Collateral
Insurance Amount: Twenty-Five Million Dollars ($
25,000,000.00);

        

        
          (D) Delinquency
Fee Rate: Prime Rate plus 6.500%

        

        
          (E)  Shortfall
Transaction Fee: Shortfall Amount multiplied by 0.30%

        

        
          (F)  Free
Financing Period: As provided for by the Authorized Supplier:

        

        
           

          Tech Data
Corporation

        

        
          (i)           75
days from invoice date on IBM xSeries (includes Blades) and
Storage;

        

        
          (ii)           75
days from invoice date on Leonovo Product;

        

        
          (iii)        60
days from invoice date on software (new and reinstated)

        

        
          (iv)        45
days from invoice on all other product.

        

        
           

          Ingram
Micro Inc. and Synnex Corporation

        

        
          (i)           45
days from invoice date on IBM xSeries (includes Blades) and
Storage;

        

        
          (ii)           45
days from invoice date on software (new and reinstated);

        

        
          (iii)        45
days from invoice on all other product.

           

          

        

        
          En Pointe
Technologies Sales, Inc AIFAR                        Page 34 of
55                        March 10,
2008

        

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          International
Business Machines

        

        
          (i)           45
days from invoice date on IBM xSeries (includes Blades) and
Storage;

        

        
          (ii)           45
days from invoice date on software (new and reinstated).

        

        
           

          Lenovo
(United States) Inc.

        

        
          (i)           45
days from invoice date on Lenovo product.

        

        
           

          Avnet,
Inc.

        

        
          (i)           45
days from invoice on all product.

        

        
           

          (G) Free
Financing Period Exclusion Fee: For each Product Advance made by IBM Credit
pursuant to Customer's financing plan where there is no Free Financing Period
associated with such Product Advance there will be a fee equal to the Free
Financing Period Exclusion Fee. For a 30 day payment plan when Prime Rate is 8%
the Free Financing Period Exclusion Fee is 1.08% of the invoice amount. This fee
will vary by .0125% with each .25% change in Prime Rate (e.g. Prime Rate of
7.25%, the charge is 1.0425% of the invoice amount). The fee accrues as of the
Date of Note and is payable as stated in the billing
Statement.

        

        
           

          (H) Other
Charges:

        

        
          (i)       Application
Processing
Fee:                                                                $
N/A

        

        
          (ii)      Monthly
Service
Fee:                                                            $
N/A

        

        
          (iii)     Closing
Fee:                                                                    $
N/A

        

        
          (iv)     Commitment
Fee:                                                               $ N/A

        

        
          

           

          Section
3: BANK ACCOUNT

        

        
          

           

          Customer's
Lockbox(es) and Special Account(s) will be maintained at the following
Bank(s):

        

        
          

           

          Name of
Bank:                                                                                       

        

        
          Address:                      

        

        
          

        

        
          Phone:                      

        

        
          Lockbox
Address:                                                                                             

        

        
          Special
Account
#:                                                                                             

        

        
          

           

          

        

        
          

           

          Name of
Bank:                                                                                       

        

        
          Address:                      

        

        
          

        

        
          Phone:                      

        

        
          Lockbox
Address:                                                                                           

        

        
          Special
Account
#:                                                                                           

        

        
          

           

          

           

          

        

        
          En Pointe
Technologies Sales, Inc AIFAR                        Page 35 of
55                        March 10,
2008

        

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          Name of
Bank:                                                                                       

        

        
          Address:                      

        

        
          

        

        
          Phone:                      

        

        
          Lockbox
Address:                                                                                           

        

        
          Special
Account
#:                                                                                           

        

        
          

          Name of
Bank:                                                                                       

        

        
          Address:                      

        

        
          

        

        
          Phone:                      

        

        
          Lockbox
Address:                                                                                           

        

        
          Special
Account
#:                                                                                           

        

        
           

          Section
4: FINANCIAL COVENANTS:

        

        
           

          (A)
Definitions: The following terms shall have the following respective meanings in
this Attachment. All amounts shall be determined in accordance with generally
accepted accounting principles (GAAP).

        

        
           

          “Consolidated
Net Income” shall mean, for any period, the net income (or loss), after taxes,
of En Pointe Technologies, Inc. on a consolidated basis for such period
determined in accordance with GAAP.

        

        
           

          “Current”
shall mean within the ongoing twelve month period.

        

        
          

          “Current
Assets” shall mean assets that are cash or expected to become cash within the
ongoing twelve months.

        

        
           

          “Current
Liabilities” shall mean payment obligations resulting from past or current
transactions that require settlement within the ongoing twelve month period. All
indebtedness to IBM Credit shall be considered a Current Liability for purposes
of determining compliance with the Financial Covenants.

        

        
           

          “Current
Tangible Assets”: shall mean En Pointe Technologies, Inc.’s current assets less,
to the extent otherwise included therein, all Intangibles.

        

        
           

          “Debt”
shall mean all of En Pointe Technologies, Inc.’s liabilities and indebtedness
for borrowed money of any kind and nature whatsoever, whether direct or
indirect, absolute or contingent, and including obligations under capitalized
leases, guaranties, or with respect to which En Pointe Technologies, Inc. has
pledged assets to secure performance, whether or not direct recourse liability
has been assumed by En Pointe Technologies, Inc.;

        

        
           

          “EBITDA”
shall mean net operating income plus depreciation and amortization plus other
income as reflected on En Pointe Technologies, Inc. quarterly consolidated
financial statements that have been prepared according to GAAP
(“GAAP”).

        

        
           

          “Fixed
Charges” shall mean, for any period, an amount equal to the sum, without
duplication, of the amounts for such as determined for the En Pointe
Technologies, Inc. on a consolidated basis, of (i) scheduled repayments of
principal of all Indebtedness (as reduced by repayments thereon previously
made), (ii) Interest Expense, (iii) capital expenditures (iv) dividends, (v)
leasehold improvement expenditures and (vi) all provisions for U.S. and non U.S.
Federal, state and local taxes.

           

          

        

        
          En Pointe
Technologies Sales, Inc AIFAR                        Page 36 of
55                        March 10,
2008

        

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          “Fixed
Charge Coverage Ratio” shall mean the ratio as of the last day of any fiscal
period of (i) EBITDA as of the last day of such fiscal period to (ii) Fixed
Charges.

        

        
           

          “Funded
Debt”: shall mean the sum of the following, without duplication (1) Customer’s
outstanding principal and interest indebtedness to GE Commercial excluding the
principal outstanding under Customer’s inventory floorplan credit facility and,
(2) En Pointe Technologies, Inc.’s aggregate outstanding principal balance of
all other indebtedness for borrowed money, including, without limitation, the
amount which would have been the aggregate cost of all property leased pursuant
to a capital lease if such property would have been purchased rather than
leased, but, excluding, (3)
Subordinated Debt, and (4) that portion of the outstanding principal balance of
En Pointe Technologies, Inc. Pakistan affiliates' indebtedness for borrowed
money up to the amount of such affiliates' interest bearing
assets.

        

        
           

          “GE
Commercial”: shall mean GE Commercial Distribution Finance
Corporation.

        

        
           

          “Intangibles”:
shall mean and include general intangibles; software (purchased or developed
in-house); accounts receivable; advances due from officers, directors,
employees, stockholders, members, owners and affiliates; leasehold improvements
net of depreciation; licenses; good will; prepaid expenses; escrow deposits;
covenants not to compete; the excess of cost over book value of acquired assets;
franchise fees; organizational costs; finance reserves held for recourse
obligations; capitalized research and development costs; the capitalized cost of
patents, trademarks, service marks and copyrights net of
amortization.

        

        
           

          “Interest
Expense” shall mean, for any period, the aggregate consolidated interest expense
of En Pointe Technologies, Inc. during such period in respect of Indebtedness
determined on a consolidated basis in accordance with GAAP, including, without
limitation, amortization of original issue discount on any Indebtedness and of
all fees payable in connection with the incurrence of such Indebtedness (to the
extent included in interest expense), the interest portion of any deferred
payment obligation and the interest component of any capital lease
obligations.

        

        
           

          “Long
Term” shall mean beyond the ongoing twelve month period.

        

        
           

          “Long
Term Assets” shall mean assets that take longer than a year to be converted to
cash. They are divided into four categories: tangible assets, investments,
intangibles and other.

        

        
           

          “Long
Term Debt” shall mean payment obligations of indebtedness which mature more than
twelve months from the date of determination, or mature within twelve months
from such date but are renewable or extendible at the option of the debtor to a
date more than twelve months from the date of determination.

        

        
           

          “Net
Profit after Tax” shall mean Revenue plus all other income, minus all costs,
including applicable taxes.

        

        
           

          “Revenue”
shall mean the monetary expression of the aggregate of products or services
transferred by an enterprise to its customers for which said customers have paid
or are obligated to pay, plus other income as allowed.

        

        
          

          “Subordinated
Debt” shall mean all of En Pointe Technologies, Inc.’s Debt which is
subordinated to the payment of En Pointe Technologies, Inc.’s liabilities to GE
Commercial Distribution Finance Corporation by an agreement in form and
substance satisfactory to GE Commercial Distribution Finance
Corporation;

        

        
           

          “Tangible
Net Worth”: shall mean the book value of En Pointe Technologies, Inc.’s assets
less liabilities excluding from such assets all Intangibles.

        

        
           

          “Total
Assets” shall mean the total of Current Assets and Long Term
Assets.

           

        

        
          En Pointe
Technologies Sales, Inc AIFAR                                                                Page
37 of 55                        March 10,
2008

        

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        “Total
Liabilities” shall mean the Current Liabilities and Long Term Debt less
Subordinated Debt, resulting from past or current transactions, that require
settlement in the future.

      

      
         

        “Total
Net Worth” (the amount of owner's or stockholder's ownership in an enterprise)
is equal to Total Assets minus Total Liabilities.

      

      
         

        “Working
Capital” shall mean Current Assets minus Current Liabilities.

      

      
         

        (B) En
Pointe Technologies, Inc. will be required to maintain the following financial
ratios, percentages and amounts as of the last day of the fiscal period under
review by IBM Credit:

      

      
         

        Covenant                                                                                                                   Covenant
Requirement

      

      
         

        (i)           The
total of all Subordinated Debt and

      

      
        Tangible
Net Worth Equal to or Greater
than                                                                                                       
$12,250,000.00

      

      
         

        (ii)           Funded
Debt/EBITDA                                                                                               Less than or Equal to
3.5 : 1.0

      

      
         

        ADDITIONAL
CONDITIONS PRECEDENT PURSUANT TO SECTION 5.1(L) OF THE
AGREEMENT:

      

      
         

        (i)   Executed
Contingent Blocked Account Amendment;

      

      
        (ii)  Executed
Collateralized Guaranty of En
Pointe Technologies, Inc;

      

      
        (iii) Fiscal
year-end financial statements of En Pointe Technologies, Inc. as of end of En
Pointe Technologies,
Inc.’s prior fiscal year audited by an independent certified public
accountant;

      

      
        (iv) A
Certificate of Location of Collateral whereby the Customer certifies where
Customer presently
keeps or sells inventory, equipment and other tangible
Collateral;

      

      
        (v)  Subordination
or Intercreditor Agreements from all creditors having a lien which is superior
to IBM
Credit in any assets that IBM Credit relies on to satisfy Customer's obligations
to IBM Credit.

      

      
        (vi) Listing
of all creditors providing accounts receivable financing to
Customer;

      

      
        (vii) A
Collateral Management Report in the form of Attachment E as of the Closing
Date;

      

      
        (viii) A
Compliance Certificate in the form of Attachment C as to Customer's compliance
with the
financial covenants set forth in Attachment A as of the last fiscal month of
Customer for which financial statements have been published;

      

      
        (ix) An
Opinion of Counsel substantially in the form and substance of Attachment G
whereby the
Customer's counsel states his or her opinion about the execution, delivery and
performance of the Agreement and other documents by the
Customer;

      

      
        (x) A
Corporate Secretary's Certificate substantially in the form and substance of
Attachment H
certifying to, among other items, the resolutions of Customer's Board of
Directors authorizing borrowing by Customer;

      

      
        (xi) Termination
or release of Uniform Commercial Code filing by another creditor as required
by IBM
Credit other than those Uniform Commercial Code filings that are the subject of
an Intercreditor Agreement;

      

      
        (xii) A
copy of an all-risk insurance certificate pursuant to Section 7.8(B) of the
Agreement;

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 38 of
55                        March 10,
2008

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      

      
        Attachment  B  (“Attachment  B”)TO

        AGREEMENT  FOR  INVENTORY  FINANCING

      

      
        

         

        Customer:  En   Pointe   Technologies   Sales,  Inc.

         

        Liens:  Those of  record

      

      
        

        Section  1:  Locations  of  Offices,  Records  and  Inventory:

      

      
        

            Principal  Place  of  Business  and  Chief  Executive   Office:

      

      
         

            18701  S.
Figueroa  Street 

            Gardena,
CA  90248-4506

      

      
         

        Locations  of  Assets,  Inventory  and  Equipment  (including  warehouses):

         

      

      
        Location                                    Leased  (Y/N)

              Rancho  Cucamonga,
CA                              Y

        

           
Gardena,  CA                                   Y  

           
all sales  offices in  various  states                       Y

      

      
         

            Section   2:  Fictitious   Names:

         

        Section   3:  Organization:

         

        (A)  Subsidiaries:

      

      
                     

          	
                  
                  

                	
                   State
      of

                	 Chief	 
	 Name	 Organization	 Executive
      Offices	% Owned
	 	 	 	 

        

              

      

      
 

      
        (B)  Affiliates:

         

        
          	 	 State
    of	 Chief	 
	 Name	 Organization	 Executive
      Offices	  Capacity 
	 	 	 	 

        

                              

      

      
         

      

      
        Section  4:  Judgments  or  Litigation:

      

      
        

         

        VIACOM
INTERNATIONAL INC., Third-Party Plaintiff v. EN POINTE TECHNOLOGIES SALES, INC.,
Third-Party Defendant., UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF
NEW   YORK,  Docket  No.  07  CIV   9523  (RMB)

      

      
        SCRIPTLOGIC   CORPORATION,  Plaintiff,  v.  EN   POINTE   TECHNOLOGIES   SALES   INC.,
Defendant,  CIVIL  COUNTY   COURT  OF  DALLAS   COUNTY,  TEXAS,  No.  CC-06-10527-C

         

        

      

      
        Section  5:  Environmental
Matters:

      

      
        En   Pointe   Technologies   Sales,  Inc   AIFAR                        Page  39  of  55                        March  10,  2008

      

    

     

    
      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

       

      
        
          Section   6:  Indebtedness:

        

        
          

           

          If  Applicable:

           

        

        
          Section   7:  Copyrights:

           

        

        
          Section   8:  Patents:

           

        

        
          Section   9:  Pledged   Interests:

           

        

        
          Section   10:  Trademarks:

           

        

        
          Section  11:
Securities  and  Commodities:

           

          

        

        
          En  Pointe  Technologies  Sales,  Inc  AIFAR                                                                Page  40  of  55                        March  10,  2008

        

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        Attachment
C (“Attachment C”)TO AGREEMENT FOR INVENTORY FINANCING

      

      
        

         

        COMPLIANCE
CERTIFICATE

      

      
        

         

        TO:       IBM CREDIT
LLC

      

      
        4111
Northside Parkway Atlanta, GA 30327

      

      
        

         

        The
undersigned authorized officers of En Pointe Tech ("Customer"), hereby
certify on behalf of the Customer,
with respect to the Agreement for Inventory Financing executed by and between
Customer and IBM
Credit LLC ("IBM Credit") on 18th
March, 2008, as amended
from time to time (the "Agreement"),
that (A) En Pointe Technologies, Inc. has been in compliance for the period from
_________________ ,
20__ to ___________, 20__ with the financial covenants set forth in
Attachment A

      

      
        to the
Agreement, as demonstrated below, and (B) no Default has occurred and is
continuing as of the date hereof, except, in either case, as set forth below.
All capitalized terms used herein and not otherwise defined shall have the
meanings assigned to them in the Agreement.

      

      
         

        (A)
Financial Covenants:

         

      

      
        Covenant                                                      Covenant
Requirement                                                                Covenant
Actual

      

      
         

        (i) Total
Subordinated Debt

      

      
        and
Tangible Net
Worth                                                      Equal
to or Greater than $12,250,000.00

      

      
        

         

        (ii)
Funded
Debt/EBITDA                                                      Less
than or Equal to 3.5 : 1.0

      

      
        

         

        Attached
hereto are Financial Statements as of and for the end of the fiscal 9/30/2007 ended on the
applicable date, as required by Section 7.1 of the Agreement.

      

      
        

         

        The
transmission of this fully executed original Compliance Certificate by facsimile
or other electronic means (including e-mail in portable document format) shall
be deemed to be an original and will be admissible as between Customer and IBM
Credit in any judicial, arbitration, mediation or administrative proceedings to
the same extent as any other original document and/or business record. In the
event IBM Credit is not provided with a hard-copy original of this Compliance
Certificate, Customer shall keep the hard-copy original as part of its business
records for a period of not less than five (5) years.

      

      
        

         

        Submitted
by:

      

      
        

         

        En
Pointe Technologies Sales, Inc.

      

      
        

         

        By:

         

      

      
        /s/ Javed Latif

         

      

      
        Print
Name: Javed
Latif                                                                  

      

      
        

        Title:  CFO                                                               

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 41 of
55                        March 10,
2008

      

    

    
      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
      
        Attachment
D (“Attachment D”)TO 

        AGREEMENT
FOR INVENTORY FINANCING

      

      
        

         

        Customer:    En Pointe Technologies Sales,
Inc.

      

      
        

         

        AUTHORIZED
SUPPLIERS

      

      
        

         

        Tech Data
Corporation 

        Ingram
Micro Inc. 

        Synnex
Corporation 

        International
Business Machines 

        Lenovo
(United States) Inc. 

        Avnet,
Inc.

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 42 of
55                        March 10,
2008

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      
        Attachment
E (“Attachment E”)TO 

        AGREEMENT
FOR INVENTORY FINANCING

      

      
         

        En
Pointe Technologies Sales, Inc. 

        Collateral
Management Report (CMR)

      

      
        Accounts
as of: ________________, 2008

      

    

     

    
      

      
        

         

        COLLATERAL
STATUS:

      

    

     

    
    

     

    
      	 	  

               

            	
               Other

              Values

            	
              Gross

              Collateral

            	
               Advance

              %___________

            	
               Net

              Collateral

            
	 1	
               Previously
      assogmed A/R balance:

            	 	 	 	 
	 	 (previous CMR
      line 4)  Date:__/__/__	 	 	 	 
	 2	 Additions to A/R (2A+B):	 	 	 	 
	 	 a)  New
      Billings	 	 	 	 
	 	 b) 
      Adjustments	 	 	 	 
	 3	 Deductions
      from A/R (3A+B+C):	 	 	 	 
	 	 a)  Cash
      Receipts	 	 	 	 
	 	 b) 
      Credits	 	 	 	 
	 	 c) 
      Adjustments	 	 	 	 
	 4	
              
                New
      Assigned A/R balance (1+2-3):

              

            	 	 	 	 
	 5	
              
                A/R
      Aging Report (Date: __/__/__)

              

            	 	 	 	 
	 	 New
      Assigned A/R Balance and A/R Aging Report (Lines 	 4 and 5) must equal **	 	 	 
	 6	 Less
      Adjustments:	 	 	 	 
	 	
              
                a) Unapplied
      Cash

              

            	 	 	 	 
	 	
              
                b) Other

              

            	 	 	 	 
	 7	 Adjusted
      assigned A/R balance (4-6):	 	 	 	 
	 8	
              
                Less
      Ineligible A/R:

              

            	 	 	 	 
	 	 a) A/R
      Over 90 Days	 	 	 	 
	 	 b) 50%
      Rule	 	 	 	 
	 	 c) Contra
      Accts (A/P offsets)	 	 	 	 
	 	 d) Other	 	 	 	 
	 	 e)	 	 	 	 
	 	 f)	 	 	 	 
	 	 g)	 	 	 	 
	 	 h)	 	 	 	 
	 9	 Total
      Eligible A/R Collateral: (Line 7 -	 	 	 	 
	 	 Line
      8 X Advance Rate)	 	 	 	 
	 10	
              
                Other
      A/R Collateral:

              

            	 	 	 	 
	 	 a)	 	 	 	 
	 	 b)	 	 	 	 
	 11	
              Inventory
      Collateral:

            	 	 	 	 
	 	 a)
      IBM Credit Financed Eligible Inventory	 	 	 	 
	 	 b)_____________________________	 	 	 	 
	 	 c)_____________________________	 	 	 	 
	 12	 Other
      Collateral:	 	 	 	 
	 	 a)_____________________________	 	 	 	 
	 	 b)_____________________________	 	 	 	 
	 	 c)_____________________________	 	 	 	 
	 	 d)_____________________________	 	 	 	 
	 13	 Total
      Net Eligible Collateral (9+10+11+12)	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 

    

     

     

    En Pointe Technologies Sales, Inc AIFAR                        Page 43 of
55                        March 10,
2008

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      LOAN
STATUS

    

     

    
      	
            	  

               

            	
               Other

              Values

            	
              Gross

              Collateral

            	
               Advance

              %___________

            	
               Net

              Collateral

            
	 1	
               Net
      IBM Credit Outstandings

            	 	 	 	 
	 	 [1a)-[b)+c)+d)+e)+f)+g)+h)+i)]+j)]	 	 	 	 
	 	a)  Gross IBM
      Credit Outstandings (RFS):	 	 	 	 
	 	      
      Less:	 	 	 	 
	 	b) Suspense	 	 	 	 
	 	
              c) Disputes

            	 	 	 	 
	 	d)  In
      Transit (__ Days) Credits	 	 	 	 
	 	e)  QSL
      / QSA	 	 	 	 
	 	
              
                f)_________________________

              

            	 	 	 	 
	 	
              
                g)_________________________

              

            	 	 	 	 
	 	h)_________________________	 	 	 	 
	 	i)_________________________	 	 	 	 
	 	
              
                
                  Plus:

                

              

            	 	 	 	 
	 	
              
                j)_________________________

              

            	 	 	 	 
	 2	Funds
      in Lockbox [2a)+b)]	 	 	 	 
	 	 a) Cleared
      Funds (transferred not posted)	 	 	 	 
	 	 b) Unavailable
      Funds (float)	 	 	 	 
	 	
              
                Loan
      Balance [Line 1 – Line 2]

              

            	 	 	 	 
	 3	
              
                Collateral
      Excess / Shortfall:

              

            	 	 	 	 
	 4	
              
                [Collateral
      Line 13 - Loan Line 3]

              

            	 	 	 	 
	 	 (Loan
      balance available)	 	 	 	 
	 	 Advances
      from IBM Credit to Customer	 	 	 	 
	 5	 [5a)+b)+c)]	 	 	 	 
	 	
              a)
      Cash Advances from Lockbox

            	 	 	 	 
	 	b) Cash
      Advances from IBM Credit $0	 	 	 	 
	 	
              
                
                  c)
      WCO Cash Advance

                

              

            	 	 	 	 
	 6	 New
      Adjusted O/S Balance (3+5) Remaining Credit	 	 	 	 
	 7	 Line
      Availability (Collateral Line 13 - Loan Line 6)	 	 	 	 
	 8	
              
                WCO
      Payment Advance

              

            	 	 	 	 

    

     

    
      
        The
transmission of this fully executed original Collateral Management Report by
facsimile or other electronic means (including e-mail in portable document
format) shall be deemed to be an original and will be admissible as between
Customer and IBM Credit in any judicial, arbitration, mediation or
administrative proceedings to the same extent as any other original document
and/or business record. In the event IBM Credit is not provided with a hard-copy
original of this Collateral Management Report, Customer shall keep the hard-copy
original as part of its business records for a period of not less than five (5)
years.

      

      
        

         

        Signatures:

      

      
         

         

        _____________________________________________________________
Authorized
Customer
Signature                                                                    (Date)

      

      
         

        
 

        _____________________________________________________________

        

      

      
        IBM
Credit
LLC                                                                     (Date)

      

      
        

         

        The above
officer or delegated individual of  ___________________ certifies that
he or she is authorized to provide
this information on behalf of ______________________________________and
agrees that to the best of his or her knowledge
the information is accurate.

      

       

      

      En Pointe Technologies Sales, Inc AIFAR                        Page 44 of
55                        March 10,
2008

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      
        Attachment
F (“Attachment F”)TO 

        AGREEMENT
FOR INVENTORY FINANCING

      

      
         

        CERTIFICATE
OF LOCATION OF COLLATERAL

      

      
        

         

        The  undersigned,  the ______________________________________ (insert  title  of  office  held)   of  __________________________________________                                                                  

      

      
        ("Customer"),
hereby certifies with reference to the Agreement for Inventory Financing dated
March __, 2008, between Customer and IBM Credit LLC as
follows:

      

      
        

         

        The
following are all the locations where Customer presently keeps or sells
inventory, equipment or other tangible Collateral:

      

      
        

         

        LOCATION                                                      LEASE
(YES/NO)

      

      
        

         

        The
transmission of this fully executed original Certificate of Location of
Collateral by facsimile or other electronic means (including e-mail in portable
document format) shall be deemed to be an original and will be admissible as
between Customer and IBM Credit in any judicial, arbitration, mediation or
administrative proceedings to the same extent as any other original document
and/or business record. In the event IBM Credit is not provided with a hard-copy
original of this Certificate of Location of Collateral, Customer shall keep the
hard-copy original as part of its business records for a period of not less than
five (5) years.

      

      
        

         

        IN
WITNESS WHEREOF, I have hereunto set my hand this __ day of March,
2008.

      

      
        

         

        En
Pointe Technologies Sales, Inc.

      

      
        

         

        By:

      

      
         

        __________________________________

        

      

      
        Print
Name:  ___________________________                                                                

      

      
        

        Title:  ________________________________                                                               

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 45 of
55                        March 10,
2008

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

      

    
      
        Attachment G (“Attachment G”)TO 

        AGREEMENT
FOR INVENTORY FINANCING

      

      
         

        Form
of Opinion of Customer’s Counsel

      

      
        {LETTERHEAD
OF CUSTOMER'S COUNSEL}

      

      
                                                                                                {DATE}

      

      
        

         

        IBM
Credit LLC

      

      
        4111
Northside Parkway

      

      
        Atlanta,
GA 30327

      

      
        

         

        Re: En Pointe Technologies Sales,
Inc.

      

      
        

         

        Ladies
and Gentlemen:

      

      
        

         

        We have
acted as counsel for ____________________________, a
_________________________corporation (the "Borrower")

      

      
        in
connection with (A) the execution and delivery of that certain Agreement for
Inventory Financing, dated as
of _____________, 20___ (the "Financing Agreement"), by and among the
Borrower and IBM Credit
LLC ("IBM Credit"), and (B) the other agreements, instruments, and documents
executed and delivered by the Borrower in connection with the Financing
Agreement. Unless otherwise defined herein, capitalized terms used herein shall
have the meanings ascribed to such terms in the Financing
Agreement.

      

      
         

        In this
connection, we have examined the following documents:

      

      
         

        a) The
Certificate of Incorporation and the By-laws of the Borrower, each as amended to
date;

      

      
        b) The
records of the proceedings taken by the Board of Directors of the Borrower in
connection with the execution, delivery, and performance of the Financing
Documents to which they are a party (as defined below);

      

      
        c) The
Financing Agreement;

      

      
        d) The
Contingent Blocked Account Amendment;

      

      
        e) Acknowledgment
copies of the UCC-1 Financing Statements listed on Exhibit A hereto (the
"Financing Statements") executed by the Borrower naming it as Debtor and IBM
Credit as Secured Party and filed in the offices set forth on Exhibit
A;

      

      
        f) {Additional
Documents if necessary}

      

      
         

        The
documents referred to in clauses c) through f) above are hereinafter referred to
as the Financing Documents.

      

      
         

        In our
examination, we have assumed the genuineness of all signatures, the legal
capacity of natural persons, the authenticity of all documents submitted to us
as originals, the conformity to original documents of all documents submitted to
us as certified or photostatic copies, and the authenticity of the originals of
such latter documents, and, regarding documents executed by parties other than
the Borrower, that those parties had the power and the capacity to enter into,
execute, deliver and perform all obligations under such documents, the due
authorization of all requisite action with respect to such documents, and the
validity and binding effect of such documents upon such other
parties.

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                                                                Page
46 of 55                        March 10,
2008

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

     

    
      
        As to any
facts material to this opinion, we have relied upon the representations and
warranties of the Borrower contained in each of the Financing Documents, and in
certificates delivered by the Borrower pursuant to each of the Financing
Documents, statements, and representations of officers and other representatives
of the Borrower, and, as to the matters addressed therein, certificates or
correspondence from public officials. For purposes of the opinion set forth in
Paragraph 4, the term "Material Contracts" means the agreements and instruments
to which the Borrower is subject which have been identified to us by officers of
the Borrower and set forth on Exhibit B hereto as the agreements and instruments
which are material to the business or financial condition of the Borrower; and
the term "Material Orders" means those orders and decrees to which the Borrower
is subject which have been identified to us by officers of the Borrower and set
forth in Exhibit C hereto as the orders and decrees, agreements, and instruments
which are material to the business or financial condition of the
Borrower.

      

      
         

            As used
herein, the term "UCC" refers to the Uniform Commercial Code as in effect in the
State of New York.

      

      
         

            We are
members of the bar in the State of  _______________________ and
express no opinion as to the laws of
any other jurisdiction except the General Corporation Law of the State of and
the federal
laws of the United States of America.

      

      
         

            Based on the
foregoing, and subject to the assumptions and qualifications set forth herein,
we are of the opinion that:

      

      
         

        1. Borrower
is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation or organization.

      

      
         

        2. Borrower
has all requisite corporate power and authority (a) to own, lease, and operate
its properties and assets and to carry on its business as now being conducted;
and (b) to execute, delivery, and performance of the Financing Documents to
which it is a party.

      

      
         

        3. All
corporate action on the part of the Borrower requisite for the execution,
delivery, and performance of the Financing Documents to which it is a party has
been duly taken.

      

      
         

        4. The
execution, delivery, and performance by the Borrower of the Financing Documents
to which it is a party will not (a) violate, be in conflict with, result in the
breach of, or constitute (with due notice or lapse of time, or both) a default
under (i) the Certificate of Incorporation or By-laws of Borrower or any
resolution of its Board of Directors or any committee thereof, (ii) any Material
Contract, or (iii) any federal or state law (including, without limitation,
environmental or occupational health, and safety law), regulation, rule,
Material Order, or legal requirement of any federal, state, or public authority
or agency applicable to Borrower; or (b) result in the creation or imposition of
a lien of any nature whatsoever upon any of the Borrower's property or assets
other than as represented by the Financing Documents.

      

      
         

        5. Borrower
has obtained any and all consents, approvals, or other authorizations required
to be obtained pursuant to its Certificate of Incorporation and By-laws in
connection with the execution, delivery, and performance of the Financing
Documents. No consent, approval, or authorization of or by any court,
administrative agency, other governmental authority, or any other Person is
required in connection with the execution, delivery, and performance by the
Borrower of the Financing Documents that has not already been
obtained.

      

      
        

        6. To our
knowledge, there are no actions, proceedings, or investigations pending or
threatened against the Borrower which question the validity of the Financing
Documents to which it is a party or relating to the transactions contemplated
thereby.

      

      
         

        7. Each of
the Financing Documents has been duly executed and delivered by duly authorized
officer of the Borrower and constitutes the legal, valid, and binding obligation
of the Borrower,

         

        

      

      
        

         

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 47 of
55                        March 10,
2008

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      
        enforceable
against the Borrower in accordance with its terms, except that, in each case,
(i) enforcement may be subject to and limited by applicable bankruptcy,
insolvency, reorganization, moratorium, or other laws now or hereafter in effect
relating to creditors' rights generally, (ii) the remedy of specific performance
and injunctive and other forms of equitable relief may be subject to equitable
defenses and to the discretion of the court before which any proceeding therefor
may be brought, and (iii) certain of the remedial provisions including waivers
with respect to the exercise of remedies against the Collateral contained in the
Financing Documents may be unenforceable in whole or in part, but the inclusion
of such provisions does not affect the validity of the Financing Documents, each
taken as a whole and, the Financing Documents, each taken as a whole, contain
adequate remedial provisions for the practical realization of the security
purported to be afforded thereby.

      

      
         

        8. The
Financing Agreement is effective to create in favor of IBM Credit a valid
security interest within the meaning of the UCC in the Collateral as security
for the obligations purported to be secured thereby; and (ii) the Financing
Statements are in appropriate form and upon filing in the state where Customer's
principal place of business and chief executive office is located will result in
a perfected security interest (as such term is defined in Section 9-303 of the
UCC) of IBM Credit in the Collateral in which security interests to which
Article 9 of the UCC applies.

      

      
         

        9. Borrower
is not an "investment company" or a company "controlled" by an "investment
company," within the meaning of the Investment Company Act of 1940, as
amended.

      

      
         

        This
opinion is rendered solely to and for the benefit of IBM Credit in connection
with the execution and delivery of the Financing Documents and may not be relied
upon by any other person, firm, or corporation without our prior written
consent, except that it may be furnished to any prospective purchaser of a
participation in the rights of IBM Credit and may be furnished to and relied
upon by any Person which hereafter acquires such a
participation.

      

      
         

        This
opinion is limited to laws as currently in effect on the date hereto and to the
facts as they currently exist. We assume no obligation to revise, supplement or
otherwise update this opinion.

      

      
        

         

                                                                    Very truly
yours,

         

        

      

      
        En Pointe
Technologies Sales, Inc AIFAR                        Page 48 of
55                        March 10,
2008

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

          EXHIBIT
A TO 

          OPINION
OF COUNSEL

        

      

      
        

        UCC-1
FINANCING STATEMENT

      

      
         

         

         

         

         

         

         

         

         

         

         

        
 

         

        En Pointe
Technologies Sales, Inc AIFAR                                                                                                               Page
49 of 55                        March 10,
2008

      

    

     

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
B TO 

    OPINION
OF COUNSEL

    
      
        

        MATERIAL
CONTRACTS

      

      
        

         

         

         

         

         

         

         

         

         

         

         

         

        En Pointe
Technologies Sales, Inc AIFAR                                                                                                               Page
50 of 55                        March 10,
2008

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

     

    EXHIBIT
C TO 

    OPINION
OF COUNSEL

    
      
        

         

        MATERIAL
ORDERS

         

         

         

         

         

         

         

         

      

      
        

         

        En Pointe
Technologies Sales, Inc AIFAR                                                                                                               Page
51 of 55                        March 10,
2008

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

          Attachment
H (“Attachment H”)TO 

          AGREEMENT
FOR INVENTORY FINANCING

        

      

    

    
       

      CORPORATE
SECRETARY'S CERTIFICATE AS TO RESOLUTIONS 

      AUTHORIZING
BORROWING BY CORPORATION

    

    
      

       

      IBM CREDIT LLC 

      4111
Northside Parkway 

      Atlanta,
GA 30327

    

    
      

       

      I, Robert A. Mercer, certify that I am
the Secretary of En Pointe
Technologies Sales, Inc. ("Customer") and that I am
custodian of the Customer's organizational books and records, including the
minutes of the meetings of the Customer's Board of Directors. I further certify
as follows:

    

    
       

             
1.  Customer is duly organized under the laws of the State of
Delaware, and has its principal place of business at Gardena, California.

    

    
       

      2.  Customer is
registered to conduct business in all states.

    

    
       

      3. True and
complete copies of the Customer's Articles of Incorporation and By-laws
("Governing Documents") are delivered herewith, together with all amendments and
addenda thereto as in effect on the date hereof.

    

    
       

      4. The
following is a true, accurate and compared copy of a Resolution (the
"Resolution") adopted by the Customer's Board of Directors at a special meeting
thereof held on due notice at which there was present a quorum authorized to
adopt the Resolution and the entire proceedings of which were proper and in
accordance with the Customer's Governing Documents. The Resolution was duly
made, seconded and unanimously adopted, remains in full force and effect and has
not been revoked, annulled, amended or modified in any manner whatsoever, and
each authorization and empowerment contained in the Resolution is permitted and
proper under the Customer's Governing Documents:

    

    
       

      "Resolved,
that:

    

    
       

      (a) Each
executive or managing officer and agent of the Company (each an "Authorized
Person") is and shall be authorized and empowered, separately or collectively,
to obtain financing from IBM Credit LLC, a Delaware corporation ("IBM Credit")
on behalf of the Company, from time to time, in amounts and upon terms and
conditions as such Authorized Person deems proper, and for that purpose: (1) to
execute notes, financing statements and other evidences of the Company's
indebtedness with respect thereto; (2) to enter into financing agreements, loan
agreements, security agreements, pledge agreements and any other agreements with
IBM Credit and third parties relating to the terms and conditions upon which any
such financing may be obtained and to the security to be furnished by the
Company thereof; (3) to enter into, as lessor or lessee, or to assign or sell
any interest Company may have in, any lease or similar rental agreement; (4) to
modify, supplement or amend any such agreements, any such terms or conditions in
such agreements and any such security therefor; (5) to grant powers of attorney,
(6) to pledge, assign, guarantee, mortgage, consign, grant security interest in
and otherwise transfer to IBM Credit as collateral security for any and all
debts and obligations of the Company to IBM Credit or its affiliates, whenever
and however arising, any assets of this Company; (7) to execute and deliver any
and all assignments, schedules, transfers, endorsements, contracts, guarantees,
agreements, designations, consignments, deeds of trust, mortgages, instruments
of pledge or other instruments in respect thereof and to make
remittances

       

      

    

    
      En Pointe
Technologies Sales, Inc AIFAR                        Page 52 of
55                        March 10,
2008

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      and
payments in respect thereof by checks, drafts or otherwise; and (8) to do and
perform all other acts and things deemed by such Authorized Person to be
necessary, convenient or proper to carry out any of the
foregoing.

    

    
       

      (b)  The
authorization contained herein shall apply whether or not proceeds of any loans
or advances
made at the request of any Authorized Person shall be paid or credited by IBM
Credit to the
Company or shall be paid or credited to the individual order of any affiliates
of the Company or other
third party, and IBM Credit shall be under no obligation to inquire as to the
application or disposition
of the proceeds of any such loan or advance.

    

    
      

       

      (c)  Hereby
ratified, approved, confirmed and consented to are all that any Authorized
Person has done or
may do in the premises."

    

    
      

       

      5.           Appearing
below are the names, titles and specimen signatures of at least three
Authorized
Persons, as defined in the Resolution cited in the preceding paragraph, (list at
least three such Authorized Persons):

    

    
      

       

      Authorized
Person(s)                                         Title                                                   Signature

    

    
      (print)                                                   (print)

       

      
        
          	
                  Bob Din      

                	 CEO	 
	Javed
      Latif	 CFO	 
	Robert A. Mercer    	 Secretary	 
	Jordan
      Genato	 Assistant Controller	 

        

    

    

     

    
      The
foregoing is not intended to be a comprehensive or exclusive list of the
Customer's Authorized Persons. Upon request, Customer will promptly provide to
IBM Credit additional certificates containing the name, title and specimen
signature of other Authorized Persons, and IBM Credit may now and in the future
rely on the signature of any Authorized Person whether or not listed on this or
any other certificate or on the signature page(s) hereof. Nevertheless, it is
hereby certified that each name, title and signature appearing above or on the
signature page(s) hereof, is consistent with the books and records of the
Customer.

    

    
      

       

          IN WITNESS
WHEREOF, I have signed this certificate this 18th day of March,
2008.

    

    
      

                                                                      

                              /s/ Robert A.
Mercer

    

    
                                                   Name:     Robert A.
Mercer                                                         

       

      

    

    
      En Pointe
Technologies Sales, Inc AIFAR                        Page 53 of
55                        March 10,
2008

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

        Attachment
I (“Attachment I”)TO 

        AGREEMENT
FOR INVENTORY FINANCING

      

    

    
      

       

      E-BUSINESS
SCHEDULE A ("SCHEDULE A")

    

    
      

       

      Customer Name: En Pointe Technologies
Sales, Inc. 

       

      Effective Date of this
Schedule:   March 18, 2008

    

    
       

       

      DOCUMENTS:

    

    
      

      All
documents contained in the IBM Credit LLC Account Management
Tool on the website listed below:

    

    
      

       

      http://www-03.ibm.com/financing/partner/tools/amt.html?action=showLogon

       

       

       

       

       

       

       

       

       

       

      

    

    
      En Pointe
Technologies Sales, Inc AIFAR                        Page 54 of
55                        March 10,
2008

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
 

     

     

     

    THIS PAGE INTENTIALLY LEFT BLANK

     

     

     

     

     

     

     

    
      En Pointe
Technologies Sales, Inc AIFAR                        Page 55 of
55                        March 10,
2008v0318_exhibit2.htm

    
      EXHIBIT
10.67

       

      COLLATERALIZED
GUARANTY

    

    
      

       

      1.           In
consideration of credit and financing accommodations granted or to be granted by
IBM Credit LLC
with an
office located at 4111Northside Parkway, Atlanta, GA 30327 ("IBM Credit") to
En Pointe Technologies Sales, Inc.
("Customer"), which is in the best interest of En Pointe Technologies, Inc.
("Guarantor"),
and for other good and valuable consideration received, Guarantor jointly and
severally guaranties
to IBM Credit, from property held separately, jointly or in community, the
prompt and unconditional performance
and payment by Customer of any and all obligations, liabilities, contracts,
mortgages, notes, trust receipts,
secured transactions, inventory financing and security agreements, and
commercial paper on which Customer
is in any manner obligated, heretofore, now, or hereafter owned, contracted or
acquired by IBM Credit
("Liabilities"), whether the Liabilities are individual, joint, several,
primary, secondary, direct, contingent or
otherwise. Guarantor also agrees to indemnify IBM Credit and hold IBM Credit
harmless against any losses it may
sustain and expenses it may incur, suffer or be liable for as a result of or in
any way arising out of, following,
or consequential to any transactions with or for the benefit of
Customer.

    

    
       

      2.           Guarantor
represents and covenants that its name as stated above is the exact name of
Guarantor as set forth in
its charter or other organizational record. Guarantor represents that it is duly
organized under the laws of the
State of Delaware and the organization document creating Guarantor has been
filed in the appropriate office of
such State. Guarantor's organization identification number assigned by its State
of organization is 2589668. 
Guarantor represents that its principal place of business is located
at:

    

    
      18701 S.
Figueroa Street, Gardena, CA 90248-4506. Guarantor represents that its business
is conducted as a corporation.
Guarantor will not change its name, location (as defined in Article 9 of the
U.C.C.) or State of organization
without providing IBM Credit at least 30 days prior written notice of any such
change . Guarantor will
provide IBM Credit at least thirty (30) days prior written notice of any change
in Guarantor's chief executive
office or principal place of business. The Collateral (as defined below) shall
be kept at Guarantor's principal
place of business and at the following addresses:  various branches
throughout                                                                                                                                             

    

    
      

      Guarantor
will notify IBM Credit if any Collateral is moved to any other address.
Guarantor and Guarantor's predecessors have done business during the last six
(6) months only under the following names:

    

    
       

      This
paragraph is not in any manner intended to limit the extent of IBM Credit's
security interest in the Collateral.

    

    
       

      3.   If
Customer fails to pay or perform any Liabilities to IBM Credit when due, all
Liabilities to IBM Credit shall then be deemed to have become immediately due
and payable, and Guarantor shall then pay upon demand the full amount of all
sums owed to IBM Credit by Customer, together with all expenses, including
reasonable attorney's fees.

    

    
       

      4.   The
liability of Guarantor is direct and unconditional and shall not be affected by
any extension, renewal or other change in the terms of payment of any security
agreement or any other agreement between IBM Credit and Customer, or any change
in the manner, place or terms of payment or performance thereof, or the release,
settlement or compromise of or with any party liable for the payment or
performance thereof, or the waiver of any default or event of default under any
financing agreement between IBM Credit and Customer, or the release or
non-perfection of any security thereunder, any change in Customer's financial
condition, or the interruption of business relations between IBM Credit and
Customer. This Guaranty is and shall be deemed to be a continuing guaranty and
shall remain in full force and effect until the indefeasible payment in full of
the Liabilities and any other amounts payable under this Guaranty and the
cessation of all obligations of IBM Credit to extend credit to Customer.
Guarantor acknowledges that its obligations hereunder are in addition to and
independent of any agreement or transaction between IBM Credit and Customer or
any other person creating or reserving any lien, encumbrance or security
interest in any property of Customer or any other person as security for any
obligation of Customer. IBM Credit need not exhaust its rights or
recourse

       

      

    

    
      

       

       

       

      

    

    
      CoIIGuar.lvvp
(8/21/01)                                 Page 1 of
6                                01-15-2003

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      against
Customer or any other person or any security IBM Credit may have at any time
before being entitled to payment from Guarantor.

    

    
      

       

      5.   To secure
payment of all of Guarantor's current and future debts and obligations to IBM
Credit, whether under this Guaranty or any other agreement between IBM Credit
and Guarantor, whether direct or contingent, Guarantor does assign, pledge and
give to IBM Credit a security interest in all of Guarantor's personal property,
whether now owned or hereafter acquired or existing and wherever located,
including the following: all goods, including inventory and equipment, and all
parts thereof, attachments, accessories and accessions thereto, products thereof
and documents therefor; all accounts, chattel paper, instruments, negotiable
documents, promissory notes, general intangibles (including contract rights,
software and licenses), deposit accounts, commercial tort claims, intellectual
property, investment property, pledged notes, letter of credit rights,
supporting obligations, obligations of any kind owing to Guarantor, whether or
not arising out of or in connection with the sale or lease of goods or the
rendering of services and all books, invoices, documents and other records in
any form evidencing or relating to any of the foregoing; all substitutions and
replacements for all of the foregoing, and all products or proceeds of all of
the foregoing (all of the above assets are defined pursuant to the provisions of
Article 9 of the Uniform Commercial Code as in effect in the State of New York
and are hereinafter referred to as the "Collateral").

    

    
       

      6.   IBM
Credit shall have the right, but not the obligation, from time to time, as IBM
Credit in its sole discretion may determine, and with advance notice to
Guarantor, to no more than 3 times per year,: (a) examine the Collateral; (b)
appraise it as security; (c) verify its condition and nonuse; (d) verify that
all Collateral has been properly accounted for and this Agreement complied with,
and (e) assess, examine, check and make copies of any and all of Guarantor's
books, records and files relating only to International Business Machines
Corporation and/or IBM Global Services.

    

    
       

      7.   If
Guarantor does not comply with any of the terms of this Agreement, or Guarantor
fails to fulfill any obligation to IBM Credit or any of IBM Credit's affiliates
under any other agreement between IBM Credit and Guarantor or between Guarantor
and any of IBM Credit's affiliates, or Guarantor becomes insolvent or ceases to
do business as a going concern, or a bankruptcy, insolvency proceeding,
arrangement or reorganization is filed by or against Guarantor, or any of
Guarantor's property is attached or seized, or a receiver is appointed for
Guarantor, or Guarantor commits any act which impairs the prospect of full
performance or satisfaction of Guarantor's obligations to IBM Credit, or
Guarantor shall lose any franchise, permission, license or right to conduct its
business, or Guarantor misrepresents its financial condition or organizational
structure, or whenever IBM Credit deems the debt or Collateral to be
insecure:

    

     

    
       

      (a) IBM
Credit may call all or any part of the amount Guarantor or Customer owes IBM
Credit or IBM Credit's affiliates due and payable immediately, if permitted by
applicable law, together with court costs and all costs and expenses of IBM
Credit's repossession and collection activity, including, but not limited to
reasonable attorney's fees.

    

    
       

      (b) Guarantor
will hold and keep the Collateral in trust, in good order and repair, for IBM
Credit's benefit and shall not exhibit or sell it.

    

    
       

      (c) Upon IBM
Credit's demand, Guarantor will immediately deliver the Collateral to IBM
Credit, in good order and repair, at a place reasonably convenient to IBM
Credit, together with all related documents; or IBM Credit may, in IBM Credit's
sole discretion and without demand, take immediate possession of the Collateral,
together with all related documents.

    

    
       

      (d) Guarantor
waives and releases: (i) any and all claims and causes of action which Guarantor
may now or ever have against IBM Credit as a result of any possession,
repossession, collection or sale by IBM Credit of any of the Collateral,
notwithstanding the effect of such possession, repossession, collection or sale
upon Guarantor's business; (ii) all rights of redemption from any such sale; and
(iii) the benefit of all valuation, appraisal and exemption laws. If IBM Credit
seeks to take possession of any of the Collateral by replevin or other court
process, Guarantor does not waive any notice, bonds, surety and security
relating thereto required by any statute, court rule or otherwise

       

      

    

    
       

       

      

    

    
      CollGuar.lwp
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        as an
incident to such possession and any demand for possession of the Collateral
prior to the commencement of any suit or action to recover possession
thereof.

      

      
         

        (e)   Guarantor
appoints IBM Credit or any person IBM Credit may delegate as its duly authorized
Attorney-in-Fact (without notifying Guarantor) to do, in IBM Credit's sole
discretion, any of the following: (i) sell, assign, transfer, negotiate or
pledge any and all accounts, chattel paper, or contract rights; (ii) endorse
Guarantor's name on any and all notes, checks, drafts, or other forms of
exchange received as payment on any accounts, chattel paper and contract rights,
for deposit in IBM Credit's account; (iii) grant any extension, rebate or
renewal on any and all accounts, chattel paper or contract rights, or enter into
any settlement thereof; (iv) demand, collect and receive any and all amounts due
on accounts, chattel paper and contract rights; and (v) exercise any and all
rights Guarantor has in the Collateral.

      

      
        

        (f)   In the
event Guarantor or IBM Credit brings any action or asserts any claim which
arises out of this Agreement, any other agreement or any of Guarantor's and IBM
Credit's business dealings, the prevailing party shall be entitled to all court
costs and all costs and expenses incurred relating to such action of claim
including, but not limited to, reasonable attorney's fees.

      

       

      
        8.   IBM
Credit may also declare a default under this Agreement and exercise any and all
rights and remedies available herein, if, in IBM Credit's sole discretion, IBM
Credit determines that the Collateral has materially decreased in value, and
Guarantor has been unable to either: (a) provide IBM Credit with additional
Collateral in a form and substance satisfactory to IBM Credit; or (b) reduce the
total indebtedness of Customer by an amount sufficient to IBM
Credit.

      

      
         

        9.   IBM
Credit has and will always possess all the rights and remedies of a secured
party under law, and IBM Credit's rights and remedies are and will always be
cumulative. Guarantor acknowledges and agrees that the Collateral is the subject
of widely distributed standard price quotations and is customarily sold in a
recognized market. Guarantor agrees that a private sale by IBM Credit of any of
the Collateral to a recognized dealer in those types of Collateral is a
commercially reasonable sale. Further, Guarantor agrees that IBM Credit's
delivery of any of the Collateral to a distributor or manufacturer, with a
request that it repurchase Collateral, as provided in any repurchase agreement
with IBM Credit, is a commercially reasonable disposition or
sale.

      

      
         

        10.   Guarantor
promises that (a) the Collateral is and shall remain free from all claims and
liens except IBM Credit's and claims and liens of Persons who have executed an
Intercreditor Agreement or a subordination agreement with IBM Credit; (b)
Guarantor shall defend the Collateral against all other claims and demands
except of Persons who have executed an Intercreditor Agreement or a
subordination agreement with IBM Credit; and (c) Guarantor will notify IBM
Credit before it signs, or authorizes the signing of any financing statement
regardless of its coverage except with Persons who have executed an
Intercreditor Agreement or a subordination agreement with IBM Credit . Guarantor
authorizes IBM Credit to file with any filing office such financing statements,
amendments, addenda and other records showing IBM Credit as secured party,
Guarantor as the debtor and identifying IBM Credit's security interest in the
Collateral that IBM Credit deems necessary to perfect and maintain IBM Credit's
security interest in the Collateral. Guarantor will execute any and all
documents IBM Credit may request to confirm or perfect IBM Credit's title or
security interest in the Collateral.

      

      
         

        11.   Guarantor
will pay all taxes, license fees, assessments and charges on the Collateral when
due. Guarantor will be responsible for any loss of Collateral for any reason
whatsoever. Guarantor will keep the Collateral insured for its full insurable
value against loss or damage by fire, wind, theft and for combined additional
coverage, including vandalism and malicious mischief, and for other risks as IBM
Credit may require. Guarantor will obtain insurance under such terms and in
amounts as IBM Credit may specify, from time to time, in companies acceptable to
IBM Credit, with a loss-payee or mortgagee clause payable to IBM Credit to the
extent of any loss to the Collateral and containing a waiver of all defenses
against Guarantor that is acceptable to IBM Credit. Guarantor further agrees to
provide IBM Credit with written evidence of the required insurance coverage and
loss-payee or mortgagee clause. Guarantor assigns to IBM Credit all sums not in
excess of the unpaid debt owed IBM Credit, and directs any insurance company to
make payment directly to IBM Credit to be applied to the unpaid debt owed IBM
Credit. Guarantor further grants IBM Credit an irrevocable power of attorney to
endorse any draft and sign and file all of the necessary papers, forms and
documents to initiate and settle any and all claims with respect to the
Collateral. If Guarantor fails to pay any of the above-referenced costs, charges
or any insurance premiums, or if it fails to insure the Collateral,
IBM

         

        

      

      
        

         

         

         

        

      

      
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        Credit
may pay such costs, charges or any insurance premiums, and the amounts paid
shall be considered an additional debt owed by Guarantor to IBM Credit.
Guarantor will promptly notify IBM Credit of any loss, theft or destruction of
or damage to any of the Collateral.

      

      
         

        12.   Guarantor
will not rent, lease, lend, demonstrate, pledge, create a security interest in,
transfer or secrete any of the Collateral, or use the Collateral for any purpose
other than exhibition, without IBM Credit's prior written
consent.

      

      
         

        13.   This
Guaranty is assignable, shall be construed liberally in IBM Credit's favor, and
shall inure to the benefit of and bind IBM Credit's and Guarantor's respective
successors, personal representatives and assigns, and also benefit any of IBM
Credit's existing or future affiliates that may extend credit to
Customer.

      

      
         

        14.   If
Customer hereafter is incorporated, acquired by a corporation, dissolved, or
otherwise undergoes any change in its management, ownership, identity, or
organizational structure, this Guaranty shall continue to extend to any
Liabilities of the Customer or such resulting corporation, dissolved
corporation, or new or changed legal entity, or identity to IBM
Credit.

      

      
         

        15.   Guarantor
waives: notice of the acceptance of this Guaranty, and of presentment, demand
and protest; notices of nonpayment, nonperformance and dishonor; notices of
amount of indebtedness of Customer outstanding at any time; notices of the
number and amount of advances made by IBM Credit to Customer in reliance on this
Guaranty; notice of the financial condition of Customer or any other guarantor
or any change therein; notice of the release of collateral for the Liabilities,
of any other guaranty, pledge or suretyship agreement or any collateral
therefor; notices of any legal proceedings or other efforts to collect against
Customer; notice of any recoupment, setoff, administrative freeze on Customer's
credit or assets; notice and any opportunity for a hearing as to any prejudgment
remedies; and any other demands and notices required by law. Guarantor further
waives all rights to assert against IBM Credit any defense based on the lack of
good faith. To the extent permitted by law, Guarantor also waives any and all
rights in and notices or demands relating to any Collateral now or hereafter
securing any of the Liabilities. All waivers by Guarantor herein shall survive
any termination or revocation of this Guaranty.

      

      
         

        16.   Guarantor
authorizes IBM Credit to sell at public or private sale or otherwise realize
upon the Collateral now or hereafter securing any of the Liabilities, in such
manner and upon such commercially reasonable terms and conditions as IBM Credit
deems best, all without advertisement or notice to Customer, Guarantor, or any
third parties. Guarantor further authorizes IBM Credit to deal with the proceeds
of such Collateral as provided in IBM Credit's agreement with Customer, without
prejudice to IBM Credit's claim for any deficiency and free from any right or
redemption on the part of Customer, Guarantor or any third parties, which right
or redemption is hereby waived together with every formality prescribed by
custom or by law in relation to any such sale or other
realization.

      

      
         

        17.   Guarantor
further agrees that all of its right, title and interest in, to and under any
loans, notes, debts and all other liabilities and obligations whatsoever owed by
Customer to Guarantor, whether heretofore or hereafter created or incurred and
for whatever amount, and all security therefor, shall be now and hereafter at
all times fully subordinated to all Liabilities. Guarantor will not ask, demand
or sue for, or take or receive payment of, all or any part of such loans, notes,
debts or any other liabilities or obligations whatsoever or any security
therefor, until and unless all of the Liabilities are paid, performed and fully
satisfied. In addition, until such time that the Liabilities are indefeasibly
paid in full, Guarantor irrevocably waives, for the benefit of IBM Credit, any
and all rights which it presently has, or may hereafter have, whether by virtue
of any payment or payments hereunder or otherwise, to be subrogated to the
rights of IBM Credit against the Customer with respect to any such indebtedness
of the Customer to IBM Credit.

      

      
         

        18.   Guarantor
has made an independent investigation of the financial condition of Customer and
gives this Guaranty based on that investigation and not upon any representations
made by IBM Credit. Guarantor acknowledges that it has access to current and
future Customer financial information which will enable Guarantor to
continuously remain informed of Customer's financial condition. Guarantor also
consents to and agrees that the obligations under this Guaranty shall not be
affected by IBM Credit's subsequent increases or

         

        

      

      
        

         

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        decreases
in the credit line that IBM Credit may grant to Customer; substitutions,
exchanges or releases of all or any part of the Collateral now or hereafter
securing any of the Liabilities; sales or other dispositions of any or all of
the Collateral now or hereafter securing any of the Liabilities without demands,
advertisement or notice of the time or place of the sales or other dispositions;
realizing on the Collateral to the extent IBM Credit, in IBM Credit's sole
discretion, deems proper; or purchases of all or any part of the Collateral for
IBM Credit's own account.

      

      
         

        19.   This
Guaranty and any and all obligations, liabilities, terms and provisions herein
shall survive any and all bankruptcy or insolvency proceedings, actions and/or
claims brought by or against Customer, whether such proceedings, actions and/or
claims are federal and/or state.

      

      
         

        20.   This
Guaranty is submitted by Guarantor to IBM Credit (for IBM Credit's acceptance or
rejection thereof) at IBM Credit's above specified office; as an offer by
Guarantor to guaranty the credit and financial accommodations provided by IBM
Credit to Customer. If accepted, this Guaranty shall be deemed to have been made
at IBM Credit's above-specified office. This Guaranty and all obligations
pursuant thereto, shall be governed and controlled as to interpretation,
enforcement, validity, construction, effect and, in all other respects by the
laws of the State of New York without giving effect to the principles of
conflicts of laws. Guarantor, to induce IBM Credit to accept this Guaranty,
agrees that all actions or proceedings arising directly or indirectly in
connection with, out of, related to or from this Guaranty may be litigated, at
IBM Credit's sole discretion and election, in courts within the State of New
York. Guarantor consents and submits to the jurisdiction of any local, state or
federal court located within that state. Guarantor waives any right to transfer
or change the venue of any litigation brought against Guarantor by IBM Credit in
accordance with this paragraph.

      

      
         

        21.   Any delay
by IBM Credit, or IBM Credit's successors, affiliates or assigns in exercising
any or all rights granted IBM Credit under this Guaranty shall not operate as a
waiver of those rights. Furthermore, any failure by IBM Credit, IBM Credit's
successors, affiliates or assigns, to exercise any or all rights granted IBM
Credit under this Guaranty shall not operate as a waiver of IBM Credit's right
to exercise any or all of them later. This document contains the full agreement
of the parties concerning the guaranty of Customer's Liabilities and can be
varied only by a document signed by all of the parties
hereto.

      

      
         

        THE
PARTIES AGREE THAT ANY ACTION, SUIT OR PROCEEDING, RELATING DIRECTLY OR
INDIRECTLY TO THIS GUARANTY, OR THE RELATIONSHIP BETWEEN IBM CREDIT AND
GUARANTOR, WILL BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE WITHOUT
A JURY. THUS, THE PARTIES HEREBY WAIVE ANY RIGHT TO A JURY TRIAL IN ANY SUCH
ACTION, SUIT OR PROCEEDING.

      

      
        

         

        IBM
Credit
LLC                                                                                       En
Pointe Technologies, Inc.

      

      
        By:  /s/ Robert
Gasiorowski                                                                  
          By: /s/ Javed
Latif                                                                

      

      
        Print
Name: Robert
Gasiorowski                                                                            
Print Name:  Javed
Latif                                                              

      

      
        Title:
Regional Credit
Officer                                                                                 
Title:   CFO

        

      

      
        CollGuar.lwp
(8/2 I/O I)                                Page 5 of
6                                01-15-2003

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

      

      SECRETARY'S
CERTIFICATE

      

       

      I, Robert
A. Mercer, certify that I am the Secretary of En Pointe Technologies, Inc. and
that I am custodian of the Customer's organizational books and records,
including the minutes of the meetings of the Customer's Board of Directors. I
further certify as follows:

      

       The
following is a true, accurate and compared copy of a Resolution (the
"Resolution") adopted by the Customer's Board of Directors at a special meeting
thereof held on due notice at which there was present a quorum authorized to
adopt the Resolution and the entire proceedings of which were proper and in
accordance with the Customer's Governing Documents. The Resolution was duly
made, seconded and unanimously adopted, remains in full force and effect and has
not been revoked, annulled, amended or modified in any manner whatsoever, and
each authorization and empowerment contained in the Resolution is permitted and
proper under the Customer's Governing Documents:

      

      "Resolved,
that:

      

      BE IT
RESOLVED that any officer of this corporation is hereby authorized to execute a
guaranty of the obligations of En Pointe Technologies Sales, Inc.
("Dealer") to IBM Credit LLC (“IBM”) on behalf of the corporation, which
instrument may contain such terms as the above named persons may see fit
including, but not limited to a waiver of notice of the acceptance of the
guaranty; presentment; demand; protest; notices of nonpayment, nonperformance,
dishonor, the amount of indebtedness of Dealer outstanding at any time, any
legal proceedings against Dealer, and any other demands and notices required by
law; and any right of contribution from other guarantors.  As security
for such guaranty to IBM, any officer of this corporation is hereby authorized
to pledge, assign, mortgage, grant security interests, and otherwise transfer to
IBM as collateral security for any obligations of this corporation to IBM,
whenever and however arising, any assets of this corporation, whether now owned
or hereafter acquired.

       

      

                 

      

                 
IN WITNESS WHEREOF, I have signed this certificate this 18th day of March,
2008.

      

      

                                                                                         /s/ Robert A.
Mercer          

                                                                                         
Name:  Robert A. Mercer

      

    

     

     

    
      (SEAL)

    

     

     

     

    
      

      
        

         

        CollGuar.lwp
(8/21/01)                                Page 6 of
6                                01-15-2003

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