<SEC-DOCUMENT>0001140361-19-001586.txt : 20190125
<SEC-HEADER>0001140361-19-001586.hdr.sgml : 20190125
<ACCEPTANCE-DATETIME>20190125155511
ACCESSION NUMBER:		0001140361-19-001586
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20190123
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190125
DATE AS OF CHANGE:		20190125

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERI Holdings, Inc.
		CENTRAL INDEX KEY:			0000890821
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				954484725
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38286
		FILM NUMBER:		19542521

	BUSINESS ADDRESS:	
		STREET 1:		5000 RESEARCH COURT, SUITE 750
		CITY:			SUWANEE
		STATE:			GA
		ZIP:			30024
		BUSINESS PHONE:		770-935-4152

	MAIL ADDRESS:	
		STREET 1:		5000 RESEARCH COURT, SUITE 750
		CITY:			SUWANEE
		STATE:			GA
		ZIP:			30024

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPATIALIZER AUDIO LABORATORIES INC
		DATE OF NAME CHANGE:	19950323
</SEC-HEADER>
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        <div style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
        <div style="text-align: center; font-size: 14pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
        <div style="text-align: center; font-size: 12pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">Washington, D.C. 20549</font></div>
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        <div style="text-align: center;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">FORM 8-K</font></div>
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        <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">CURRENT REPORT</font></div>
        <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934</font></div>
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        <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Date of Report (Date of Earliest Event Reported): <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>January 23,
                2019</u></font></font></div>
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            <td style="width: 100%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); font-size: 24pt;">
              <div style="text-align: center;"><font style="font-family: &quot;Times New Roman&quot;;">Ameri Holdings, Inc.</font></div>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Exact name of registrant as specified in its charter)</font></div>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Delaware</font></div>
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            <td style="width: 33.96%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">001-38286</font></div>
            </td>
            <td style="width: 33%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">95-4484725</font></div>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(State or Other Jurisdiction of&#160; Incorporation)</font></div>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Commission File Number)</font></div>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(IRS Employer Identification No.)</font></div>
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            <td style="width: 49.18%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">5000 Research Court, Suite 750, Suwanee, Georgia</font></div>
            </td>
            <td style="width: 2.04%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">30024</font></div>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Address of Principal Executive Offices)</font></div>
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            <td style="width: 2.04%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Zip Code)</font></div>
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        <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Registrant&#8217;s Telephone Number, Including Area Code: <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>(770) 935-4152</u></font></font></div>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Former Name or Former Address, If Changed Since Last Report)</font></div>
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        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
            following provisions (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">see</font> General Instruction A.2. below):</font></div>
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                <td style="width: 36pt; vertical-align: top;">&#9744;</td>
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                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
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                <td style="width: 36pt; vertical-align: top;">&#9744;</td>
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                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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                <td style="width: 36pt; vertical-align: top;">&#9744;</td>
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                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
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                <td style="width: 36pt; vertical-align: top;">&#9744;</td>
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                  <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
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        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
            chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</font></div>
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      <div style="background-color: #FFFFFF;">
        <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Emerging growth company &#9746;</font></div>
        <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif;"> <br>
            </font></font></div>
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      <div style="background-color: #FFFFFF;">
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
            or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</font></div>
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                <td style="width: 63pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 1.01</font></td>
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                  <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Entry into a Material Definitive Agreement.</font></div>
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      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On January 23, 2019, certain subsidiaries of Ameri Holdings, Inc. (the &#8220;Company&#8221;), including Ameri100 Arizona LLC, an Arizona limited
          liability company, Ameri100 Georgia, Inc., a Georgia corporation, Ameri100 California, Inc., a Delaware corporation and Ameri and Partners, Inc., a Delaware corporation, as borrowers (individually and collectively, &#8220;Borrower&#8221;) entered into a Loan
          and Security Agreement (the &#8220;Loan Agreement&#8221;),&#160; with North Mill Capital LLC, as lender (the &#8220;Lender&#8221;). The Loan Agreement has an initial term of two years from the closing date, with renewal thereafter if Lender, at its option, agrees in writing
          to extend the term for additional one year periods (the &#8220;Term&#8221;). The Loan Agreement is collateralized by a first-priority security interest in all of the assets of Borrower. In addition, (i) pursuant to a Corporate Guaranty entered into by the
          Company in favor of the Lender (the &#8220;Corporate Guaranty&#8221;), the Company will guarantee the Borrower&#8217;s obligations under the Credit Facility and (ii) pursuant to a Security Agreement entered into between the Company and Lender (the &#8220;Security
          Agreement&#8221;), the Company granted a first-priority security interest in all of its assets to Lender.</font></div>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">Borrower may request advances under the Credit Facility in an amount up
            to</font><font style="font-size: 10pt; font-family: 'Times New Roman';">, so long as Dilution (as defined in the Loan Agreement) is equal to or less than one and one-half percent (1.5%) of </font>the sum of (i) ninety percent (90%) of the
          aggregate outstanding amount of Eligible Accounts (as defined in the Loan Agreement) <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>plus</u></font> (ii) (x) eighty percent (80%) of the aggregate amount of the Eligible Unbilled
          Accounts (as defined in the Loan Agreement) or (y) One Million Dollars ($1,000,000), whichever is less; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>minus</u></font> the Payroll Reserve (as defined in the Loan Agreement); <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>, <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>however</u></font>, that in no event shall the maximum aggregate principal amount outstanding
          under the Loan Agreement exceed Ten Million Dollars ($10,000,000). The Borrowers received an initial advance on January 23, 2019 in an amount of approximately $2.85 million (the &#8220;Initial Advance&#8221;).</font></div>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">Borrowings under the Credit Facility will accrue </font>interest at
          the prime rate (as <font style="font-size: 10pt; font-family: 'Times New Roman';">designated by Wells Fargo Bank, National Association</font>) plus one and three quarters percentage points (1.75%), but in no event shall the interest rate be less
          than seven and one-quarter percent (7.25%). Notwithstanding anything to the contrary contained in the Loan Documents, the minimum monthly interest payable by Borrower on the Advances (as defined in the Loan Agreement) in any month shall be
          calculated based on an average Daily Balance (as defined in the Loan <font style="font-size: 10pt; font-family: 'Times New Roman';">Agreement) of Two Million Dollars ($2,000,000) for such month.&#160; For the first year of the Term, Borrower shall
            pay to Lender a facility fee equal to $50,000, due in equal monthly installments, with additional facility fees due to Lender in the event borrowings exceed certain thresholds and with additional facility fees due and payable in later years or
            upon later milestones. </font><font style="font-size: 10pt; font-family: 'Times New Roman';">In addition, Borrower shall pay to Lender a monthly fee (the &#8220;Servicing Fee&#8221;) in an amount equal to one-eighth percent (.125%) of the average Daily
            Balance (as defined in the Loan Agreement) during each month on or before the first day of each calendar month during the Term.</font></font></div>
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      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Borrower also agreed to certain negative covenants in the Loan Agreement, including that they will not, without the prior
          written consent of Lender, enter into any extraordinary transactions, dispose of assets, merge, acquire, or consolidate with or into any other business organization or restructure.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">If an Event of Default (</font>as defined in the Loan Agreement)<font style="font-size: 10pt; font-family: 'Times New Roman';"> occurs, Lender may, among other things, </font>(i) declare all obligations immediately due and payable in full; (ii) cease advancing money or extending credit to or for the benefit of
          Borrower; and/or (iii) terminate the Loan Agreement as to any future liability or obligation of Lender, without affecting Lender's right to repayment of all obligations and Lender&#8217;s security interests.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The foregoing description of the Credit Facility is qualified in its entirety by reference to the full text of the Loan Agreement,
          that certain Revolving Credit Master Promissory Note, dated January 23, 2019, by Borrower in favor of Lender, the Corporate Guaranty and the Security Agreement, copies of which are filed herewith as Exhibits 10.1-10.4 hereto, and incorporated by
          reference herein.</font></div>
      <div><br>
      </div>
      <div style="background-color: rgb(255, 255, 255);">
        <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">In connection with the transaction described above, certain executives
              of the Company &#8211; Brent Kelton (Chief Executive Officer), Barry Kostiner (Chief Financial Officer) and </font><font style="background-color: #FFFFFF; font-size: 10pt; font-family: 'Times New Roman';">Srinidhi &#8220;Dev&#8221; Devanur (Chairman)
              (collectively, the &#8220;Executives&#8221;) &#8211; each entered into a Validity Guaranty Agreement with Management Support and Liquidation Assistance Agreement with Lender (each, a &#8220;Validity Agreement&#8221;) wherein the Executives, among other things, covenanted
              to Lender that all information submitted to Lender in relation to the Credit Facility will be true and accurate. In consideration of the Executives entering into the Validity Agreements, </font>the Company agreed to enter into
            indemnification agreements with each Executive (the &#8220;Indemnification Agreements&#8221;) wherein the Company agreed to indemnify each Executive to the fullest extent permitted by applicable law in the event that the Executive (i) is liable for any
            monetary payment due to Lender arising out of or related to the Validity Agreement for any reason (other than by reason of Executive&#8217;s conduct if such conduct is finally adjudicated to have been knowingly fraudulent or deliberately dishonest,
            or to have constituted willful or intentional misconduct) or (ii) was or is made or is threatened to be made a party to or a witness in any suit or proceeding relating to the Validity Agreements.</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
          </font></div>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The foregoing description of the Indemnification Agreements are qualified in their entirety by reference to the full text of the form
          of Indemnification Agreement, a copy of which is filed herewith as Exhibit 10.5, and is incorporated by reference herein.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z681042528a094f02aebfd4fa2a36d6c6">

              <tr>
                <td style="width: 63pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 1.02</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Termination of a Material Definitive Agreement.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company used approximately $2.75 million of the Initial Advance to repay all of its outstanding obligations under that certain Loan
          and Security Agreement, dated July 1, 2016 between the Company, Sterling National Bank and the other parties thereto (the &#8220;Sterling Agreement&#8221;). Upon payment, the Company&#8217;s obligations under the Sterling Agreement were terminated.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
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              <tr>
                <td style="width: 63pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 2.03</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"> </font><br>
      </div>
      <div style="text-align: justify;">
        <div>
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              <tr>
                <td style="width: 63pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 9.01</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Financial Statements and Exhibits.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
      </div>
      <div>
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            <tr style="vertical-align: top;">
              <td style="align: right; vertical-align: top; width: 9pt;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font></div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Exhibits.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z03f47e5cca7e4fe19a2ba43c5807084a">

          <tr>
            <td style="width: 5%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">No.</font></div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td style="width: 93.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Description</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 93.7%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><a href="ex10_1.htm"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10.1</font></a></div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 93.7%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Loan and Security Agreement, dated January 23, 2019, by and between (i) Ameri100 Arizona LLC, (ii) Ameri100 Georgia, Inc., (iii)
                  Ameri100 California, Inc. and (iv) Ameri and Partners, Inc. and North Mill Capital LLC</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 93.7%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><a href="ex10_2.htm"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10.2</font></a></div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 93.7%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Revolving Credit Master Promissory Note, dated January 23, 2019</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 93.7%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><a href="ex10_3.htm"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10.3</font></a></div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 93.7%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Corporate Guaranty, dated January 23, 2019, by the Company in favor of North Mill Capital LLC</font></div>
            </td>
          </tr>
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            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 93.7%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><a href="ex10_4.htm"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10.4</font></a></div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 93.7%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Security Agreement, dated January 23, 2019, by and between the Company and North Mill Capital LLC</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 93.7%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><a href="ex10_5.htm"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10.5</font></a></div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 93.7%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Form of Indemnification Agreement</font></div>
            </td>
          </tr>

      </table>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">- 3 -</font></div>
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      <div style="background-color: #FFFFFF;">
        <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURE</font></div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
            behalf by the undersigned hereunto duly authorized.</font></div>
        <div><br>
        </div>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">January 25, 2019</font></div>
            </td>
            <td colspan="3" style="vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">AMERI HOLDINGS, INC.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.58%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
            <td colspan="3" style="vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 49.58%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 3%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
            </td>
            <td colspan="2" style="vertical-align: top; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Barry Kostiner</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.58%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 3%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
            </td>
            <td style="width: 42%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Barry Kostiner</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.58%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
            <td style="width: 3%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
            </td>
            <td style="width: 42%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chief Financial Officer</font></div>
            </td>
          </tr>

      </table>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">- 4 -</font></div>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10_1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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      <div style="text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-weight: bold;"> Exhibit 10.1<br>
      </div>
      <div style="text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">LOAN AND SECURITY AGREEMENT</div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">THIS</font>&#160;<font style="font-size: 10pt; font-family:
            'Times New Roman'; font-weight: bold;">LOAN AND SECURITY AGREEMENT</font> is entered into as of January 23, 2019 by and between <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NORTH MILL CAPITAL LLC</font>, a
          Delaware limited liability company <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">(</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Lender</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">)</font>, with an office located at 821 Alexander Road, Suite 130, Princeton, New Jersey&#160; 08540 and <font style="font-size: 10pt; font-family: 'Times New Roman';
            font-weight: bold;">AMERI100 ARIZONA LLC</font>, an Arizona limited liability company, with its chief executive office located at 1490 South Price Road, Suite 114 Chandler, Arizona&#160; 85286, <font style="font-size: 10pt; font-family: 'Times New
            Roman'; font-weight: bold;">AMERI100 GEORGIA INC.</font>, a Georgia corporation, with its chief executive office located at 5000 Research Court, Suite 750, Suwanee, Georgia&#160; 30024, <font style="font-size: 10pt; font-family: 'Times New Roman';
            font-weight: bold;">AMERI100 CALIFORNIA INC.</font>. a Delaware corporation, with its chief executive office located at 1024 Iron Point Road, Suite 1097, Folsom, California&#160; 95360, and <font style="font-size: 10pt; font-family: 'Times New
            Roman'; font-weight: bold;">AMERI AND PARTNERS INC</font>, a Delaware corporation<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">,</font> with its chief executive office located at 5000 Research Court, Suite
          750, Suwanee, Georgia&#160; 30024 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">(individually and collectively, </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style:
            italic;">Borrower</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">)</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 34.75pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The parties hereto, hereby agree as follows:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 34.75pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">1.</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">DEFINITIONS




          AND CONSTRUCTION</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">1.1</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Terms</font>.&#160; Unless otherwise defined herein, as used in this Agreement, the following terms shall have the following meanings:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; font-style: italic;">Accounts</font>
          means, collectively, in addition to the definition of "Account" in the Code, all presently existing and hereafter arising accounts receivable, contract rights, health-care-insurance receivables and all other forms of obligations owing to Borrower
          arising out of the sale, lease, license or assignment of goods or other property or the rendition of services by Borrower, whether or not earned by performance, all credit insurance, guaranties and other security therefor, as well as all
          merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Advances</font> means all
          loans, advances and other financial accommodations by Lender to or on account of the Borrower, including those under this Agreement and the other Loan Documents.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Agreement</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">&#160;</font>means, collectively, this Loan and Security Agreement, together with any and all exhibits, schedules, addenda or riders hereto, as each may be amended,
          modified, supplemented, substituted, extended or renewed from time to time.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Authorized Officer </font>means




          any officer or other representative of Borrower authorized by Borrower in a writing delivered to Lender to transact business with Lender.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Borrower's Books </font>means




          all of Borrower's books and records including all of the following:&#160; ledgers; records indicating, summarizing or evidencing Borrower's assets or liabilities, or the Collateral; all information relating to Borrower's business operations or
          financial condition; and all computer programs, disks or tape files, printouts, runs or other computer prepared information, whether inscribed on tangible medium or stored in an electronic or other medium and which information is retrievable in
          perceivable form and the goods containing such information.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Business Day</font> means any
          day which is not a Saturday, Sunday, or other day on which banks in the State of New Jersey are authorized or required to close.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Change of Control</font>
          means (a) at any time, any "person" or "group" (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), shall become, or obtain rights (whether by means of warrants, options or otherwise) to become, the "beneficial owner" (as
          defined in Rules 13(d)-3 and 13(d)&#8209;5 under the Securities Exchange Act of 1934, as amended), directly or indirectly, of fifty percent (50.0%) or more of the ordinary voting power for the election of directors of Parent (determined on a fully
          diluted basis); or (b) during any period of twenty-four (<font style="background-color: #FFFFFF; font-size: 10pt; font-family: 'Times New Roman';">24)</font><font style="background-color: #FFFFFF; font-size: 10pt; font-family: 'Times New Roman';
            font-style: italic;">&#160;</font>consecutive months, 66 2/3% of the members of the board of directors or other equivalent governing body of Parent cease to be composed of individuals (i) who were members of that board or equivalent governing body
          on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least 66 2/3% of
          that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or
          nomination at least 66 2/3% of that board or equivalent governing body.</font></div>
      <div><br>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 1 -</font></td>
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      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Chattel Paper</font> has the
          same meaning ascribed to such term in the Code (whether tangible or electronic).</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Code </font>means the New
          Jersey Uniform Commercial Code, as amended or revised from time to time.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Collateral </font>means all
          assets of the Borrower, whether now owned or existing, or hereafter acquired or arising, and wherever located, including, without limitation, all of the following assets, properties, rights and interests in property of Borrower:&#160; all Accounts,
          all Equipment, all Commercial Tort Claims, all General Intangibles, all Chattel Paper, all Inventory, all Negotiable Collateral, all Investment Property, all Financial Assets, all Letter-of-Credit Rights, all Supporting Obligations, all Deposit
          Accounts, all money or assets of Borrower, which hereafter come into the possession, custody, or control of Lender; all proceeds and products, whether tangible or intangible, of any of the foregoing, including proceeds of insurance covering any
          or all of the foregoing; any and all tangible or intangible property resulting from the sale, lease, license or other disposition of any of the foregoing, or any portion thereof or interest therein, and all proceeds thereof; and any other assets
          of Borrower or any Guarantor which may be subject to a lien in favor of Lender as security for the Obligations.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Commercial Tort Claims</font>
          has the meaning ascribed to such term in the Code.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Daily Balance</font> means
          the amount of the Obligations owed at the end of a given day.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Deposit Account</font> has the
          meaning ascribed to such term in the Code.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Dilution </font>means, as of
          any date of determination, a percentage based upon the experience of the immediately prior three (3) months, that is the result of dividing the amount of (a) bad debt write-downs, discounts, advertising allowances, credits or other dilutive items
          with respect to Borrower's Accounts during such period, by (b) Borrower's billings with respect to Accounts during such period.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Dilution Reserve</font> means a
          reserve established by Lender, from time to time in its sole discretion, based on the results of the most recent field examination of Borrower not to exceed the amount calculated on the basis of the then applicable percent of Dilution <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>minus</u></font> 1.5%.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Documents</font> has the meaning
          ascribed to such term in the Code.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Eligible Accounts </font>means
          those Accounts created by Borrower in the ordinary course of business, which are, and at all times shall continue to be, acceptable to Lender in all respects, <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>that</u></font> standards of eligibility may be established and revised from time to time by Lender in Lender's Good Faith judgment.&#160; In determining such acceptability and standards of
          eligibility, Lender may, but need not, rely on agings, reports and schedules of Accounts furnished to Lender by Borrower, but reliance thereon by Lender from time to time shall not be deemed to limit Lender's right to revise its standards of
          eligibility and acceptability at any time, as to both Borrower's present and future Accounts.&#160; In general, an Account shall not be deemed eligible unless:&#160; (a) the Account debtor on such Account is, and at all times continues to be, acceptable to
          Lender and up to credit limits or standards acceptable to Lender, and (b) such Account complies in all respects with the representations, covenants and warranties set forth in this Agreement.&#160; Except in Lender's Good Faith discretion, Eligible
          Accounts shall <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>not</u></font> include any of the following:&#160; (i) Accounts with respect to which the Account debtor has failed to pay within ninety (90) days of invoice date, and
          all Accounts owed by any Account debtor that has failed to pay fifty percent (50%) or more of its Accounts owed to Borrower<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>within ninety (90) days of
          invoice date; (ii) Accounts with respect to which the goods sold are sold on a bill and hold basis, a consignment sale basis, a guaranteed sale basis, a sale or return basis or which contain other terms by reason of which payment by the Account
          debtor may be conditional; (iii) Accounts with respect to which the Account debtor is not a resident of the United States unless such Accounts are supported by foreign credit insurance or a letter of credit, in both instances reasonably
          satisfactory, in form and substance, to, and assigned to, Lender; (iv) Accounts with respect to which the Account debtor is the United States or any department, agency or instrumentality of the United States, any State of the United States or any
          city, town, municipality or division thereof unless all filings have been made under the Federal Assignment of Claims Act or comparable state or other statute; (v) Accounts with respect to which the Account debtor is an officer, employee or agent
          of, or subsidiary of, related to, affiliated with or has common shareholders, officers or directors with Borrower; (vi) Accounts with respect to which Borrower is or may become liable to the Account debtor for goods sold or services rendered by
          the Account debtor to Borrower or otherwise but only to the extent of the potential offset; (vii) Accounts with respect to an Account debtor whose total obligations to Borrower (on an aggregated basis across all Borrowers) exceed twenty percent
          (20%) of all Accounts or such other percentage as Lender may agree to in writing as to a particular Account debtor (such applicable percentage being, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;
            font-style: italic;">Concentration Percentage</font>), to the extent such obligations exceed the applicable Concentration Percentage, provided that with respect to the Account debtor Epson America, Inc., the Concentration Percentage shall not
          exceed twenty-five percent (25%) (rather than 20%); (viii) Accounts with respect to which the Account debtor disputes liability or makes any claim with respect thereto, is subject to any insolvency proceeding, becomes insolvent, fails or goes out
          of business; (ix) Accounts arising out of a contract or purchase order for which a surety bond was issued on behalf of Borrower; (x) Accounts with respect to which Lender does not have a first priority and exclusive perfected security interest;
          (xi) Accounts with respect to which the Account debtor is in a jurisdiction for which Borrower is required to file a notice of business activities or similar report and Borrower has not filed such report within the time period required by
          applicable law; (xii) Accounts with respect to which an invoice has not been issued to the Account debtor; or (xiii) Accounts which represent a progress or "milestone" billing on a contract that has not been fully completed by Borrower unless a
          satisfactory no-offset letter from the Account debtor has been obtained by Lender.</font></div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 2 -</font></td>
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      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Eligible Unbilled Account </font>means




          an Account which would otherwise constitute an Eligible Account except that an invoice for such Account has not yet been issued to the Account debtor thereof and specifically:&#160; such Account (a) arises from the rendition of services under a firm,
          non-cancellable contract with an Account debtor providing for payment based upon time expended and/or services rendered in accordance with an underlying contract and for which Borrower has verified records or other evidence, satisfactory to
          Lender in its Good Faith discretion, that such services were actually rendered in accordance with the subject contract, (b) represents services rendered during a week or month for which no invoice has been rendered in accordance with the subject
          contract, but where the invoice to the Account Debtor is to be issued by no later than (i) fifteen (15) days after the services were rendered (with respect to those Accounts that are billed on a weekly basis) and (ii) forty-five (45) days after
          services were rendered (with respect to those Accounts that are billed on a monthly basis), and (c) is in all other respects, acceptable to Lender in its Good Faith discretion.&#160; In addition, if (billed and unbilled) Eligible Accounts for any
          Account Debtor become ineligible because of the cross-aging provision set forth in clause (i) of the definition of <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Eligible Accounts</font>,
          then all Accounts with respect to said Account debtor, including both billed and unbilled Eligible Accounts, shall be deemed ineligible.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Equipment </font>means,
          collectively, in addition to the definition of "Equipment" in the Code, all of Borrower's present and hereafter acquired equipment, machinery, machine tools, motors, furniture, furnishings, fixtures, motor vehicles, rolling stock, processors,
          tools, pans, dies, jigs, goods (other than consumer goods or farm products), together with any warranties, rights and interest in any of the foregoing, and all attachments, accessories, accessions, replacements, substitutions, additions and
          improvements to any of the foregoing, wherever located.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ERISA </font>means the
          Employee Retirement Income Security Act of 1974, as amended or revised from time to time, and the regulations promulgated thereunder.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ERISA Affiliate</font> means
          each trade or business (whether or not incorporated and whether or not foreign) which is or may hereafter become a member of a group of which Borrower is a member and which is treated as a single employer under ERISA Section 4001(b)(1) or Section
          414 of the IRC.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Event of Default</font> means
          each of the events specified in Section 8.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Financial Assets</font> has
          the meaning ascribed to such term in the Code.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">General</font>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Intangibles </font>means, collectively, in addition to the definition of "General intangible" in the Code, all of Borrower's present and future
          general intangibles and other personal property (including choses or things in action, goodwill, patents, trade names, trademarks, service marks, copyrights, blueprints, drawings, purchase orders, customer lists, monies due or recoverable from
          pension funds, route lists, infringement claims, computer programs, computer discs, computer tapes, Borrower's Books, literature, reports, catalogs, Deposit Accounts, insurance premium rebates, tax refunds and tax refund claims) other than goods
          and Accounts.</font></div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 3 -</font></td>
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      <div style="text-align: justify; text-indent: 71.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Good Faith</font> means
          honesty in fact and the observance of reasonable commercial standards of fair dealing.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Guarantor</font> means each
          person or entity which guarantees the Obligations (including the Parent), issues a validity guaranty relating to the Collateral or pledges any assets to Lender as additional security for the Obligations.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Insolvency Proceeding</font>
          means any proceeding commenced by or against any person or entity under any provision of the federal Bankruptcy Code, as amended or revised from time to time, or under any other state or federal insolvency law, including assignments for the
          benefit of creditors, formal or informal moratoria, compositions or extensions generally with its creditors.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Instruments</font> has the
          meaning ascribed to such term in the Code.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Inventory </font>means,
          collectively, in addition to the definition of "Inventory" in the Code, all present and future inventory in which Borrower has any interest, including goods held for sale or lease or to be furnished under a contract of service, Borrower's present
          and future raw materials, work in process, finished goods, tangible property, stock in trade, wares and materials used in or consumed in Borrower's business, goods which have been returned to, repossessed by, or stopped in transit by, Borrower,
          packing and shipping materials, wherever located, any documents of title representing any of the above, and Borrower's Books relating to any of the foregoing.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Investment Property </font>has




          the meaning ascribed to such term in the Code.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">IRC </font>means the Internal
          Revenue Code of 1986, as amended or revised from time to time, and the regulations promulgated thereunder.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Lender Expenses</font> means,
          collectively, costs and expenses (whether taxes, assessments, insurance premiums or otherwise) required to be paid by Borrower under any of the Loan Documents which are paid or advanced by Lender, including filing, recording, publication,
          appraisal and search fees paid or incurred by Lender in connection with Lender's transactions with Borrower, costs and expenses incurred by Lender in the disbursement or collection of funds to or from Borrower or its Account debtors, charges
          resulting from the dishonor of checks, costs and expenses incurred by Lender to correct any default or enforce any provision of the Loan Documents, or in gaining possession of, maintaining, handling, preserving, storing, shipping, selling,
          preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a sale is consummated, costs and expenses incurred by Lender in enforcing or defending the Loan Documents or otherwise exercising its
          rights and remedies upon the existence of an Event of Default, including, but not limited to, costs and expenses incurred in connection with any proceeding, suit, enforcement of judgment, or appeal and Lender's reasonable attorneys' fees and
          expenses, including allocated fees of in-house counsel, incurred in advising, structuring, drafting, reviewing, administering, amending, modifying, terminating, enforcing, defending, or otherwise representing Lender with respect to the Loan
          Documents or the Obligations.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.95pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Letter-of-Credit Rights</font>
          has the meaning ascribed to such term in the Code.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Loan Documents</font> means,
          collectively, this Agreement, any Note or Notes, any security agreements, pledge agreements, mortgages, deeds of trust or other encumbrances or agreements which secure the Obligations, and any other agreement entered into between Borrower and
          Lender or by Borrower or a Guarantor in favor of Lender relating to or in connection with this Agreement or the Obligations, as each may be amended, modified, supplemented, substituted, extended or renewed from time to time.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Multiemployer Plan </font>means
          a <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">multiemployer plan </font>as defined in ERISA Sections 3(37) or 4001(a)(3) or IRC Section 414(f).</font></div>
      <div><br>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 4 -</font></td>
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      <div style="text-align: justify; text-indent: 71.6pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Negotiable Collateral </font>means




          all of Borrower's present and future letters of credit, notes, drafts, Instruments, Documents, leases and Chattel Paper.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Note</font> means any
          promissory note made by Borrower to the order of Lender concurrently herewith or at any time hereafter, as the same may be amended, modified, supplemented, substituted, extended or renewed from time to time.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Obligations</font> means all
          Advances, debts, liabilities (including all interest and amounts charged to the Obligations pursuant to any agreement authorizing Lender to charge the Obligations), obligations, lease payments, guaranties, covenants and duties owing by Borrower
          to Lender of any kind and description pursuant to or evidenced by the Loan Documents irrespective of whether for the payment of money, whether made or incurred prior to, on or after the Termination Date, direct or indirect, absolute or
          contingent, due or to become due, now existing or hereafter arising, whenever executed, and further including any debt, liability or obligation owing from Borrower to others which Lender may obtain by assignment or otherwise, and all interest
          thereon (including any interest accruing thereon after maturity, or after the filing of any petition in bankruptcy, or the commencement of any Insolvency Proceeding relating to Borrower, whether or not a claim for post-filing or post-petition
          interest is allowed in such proceeding) and all Lender Expenses.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Parent</font> means Ameri
          Holdings, Inc., a Delaware corporation.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Payroll Reserve</font> means
          a reserve to cover Borrower's payroll expenses in the initial amount of Seven Hundred Dollars ($700,000), as adjusted from time to time in the sole discretion of Lender.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Perfection Certificate</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">&#160;</font>means the perfection certificate executed by Borrower prior to or concurrently herewith.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt; margin-left: 1.15pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Permitted




            Liens</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">&#160;</font>means <font style="font-size: 10pt; font-family: 'Times New Roman';">(a) liens under the Loan Documents or otherwise arising in favor of
            Lender, for the benefit of itself; (b) liens imposed by law for taxes, assessments or charges of any governmental authority (i) for claims not yet due, or (ii) which are being contested in good faith by appropriate proceedings and with respect
            to which reserves or other appropriate provisions are being maintained in accordance with GAAP provided that (x) the priority of such liens are subordinate to the liens in favor of Lender securing the Collateral or (y) Borrower has obtained a
            bond securing payment of the lien; (c) statutory liens for sums not yet due of landlords and liens in respect of interests (including title) of lessors under the terms of any lease to which Borrower is a party, and of carriers, warehousemen,
            mechanics and/or materialmen for obligations not yet due; (d) liens arising out of deposits made in the ordinary course of business (including, without limitation, surety bonds and appeal bonds) in connection with workers&#8217; compensation,
            unemployment insurance and other types of social security benefits, statutory obligations and other similar obligations, (e) purchase money liens on hereafter acquired items of Equipment to the extent the indebtedness related thereto is
            permitted by this Agreement; (f) liens necessary and desirable for the operation of such person's business, </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font><font style="font-size: 10pt; font-family:
            'Times New Roman';">, that with respect to this clause (f) Lender has consented to such liens in writing and the priority of such liens are subordinate to the liens in favor of Lender on the Collateral; (g) liens with respect to judgments in
            the amount of $25,000 and below, provided that (x) the priority of such liens are subordinate to the liens in favor of Lender securing the Collateral or (y) Borrower has obtained a bond securing payment of the lien; and (h) zoning ordinances,
            easements, licenses, reservations, provisions, covenants, conditions, waivers or restrictions on the use of real property of Borrower and other title exceptions, in each case, that do not interfere in any material respect with the ordinary
            course of business of Borrower.</font></font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Plan</font> means any plan
          described in ERISA Section 3(2) maintained for employees of Borrower or any ERISA Affiliate, other than a Multiemployer Plan.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Prime Rate</font> means that
          rate designated by Wells Fargo Bank, National Association, or any successor thereof, from time to time as its prime rate, which shall not necessarily constitute its lowest available rate.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Revolving Credit Facility</font>
          means the revolving credit facility defined and provided for in Section 2.1.</font></div>
      <div><br>
      </div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 5 -</font></td>
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      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Supporting Obligation</font>
          has the same meaning ascribed to such term in the Code.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Term</font> means the period
          from the date of the execution and delivery by Lender of this Agreement through and including the later of (a) the Termination Date and (b) the payment and performance in full of the Obligations.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Termination Date</font> means
          (a) January __, 2021 (the period through such date, being, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Initial Term</font>), unless such date is extended pursuant to Section 3.1, and
          if so extended on one or more occasions, the last date of the last such extension, or (b) if earlier terminated by Lender pursuant to Section 9.1, the date of such termination, or (c) if earlier terminated by Borrower pursuant to Section 3.1, the
          date of such termination.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 70.6pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">1.2</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Construction.&#160; </font>Unless the context of this Agreement clearly requires otherwise, references to the plural include the singular and to the singular include the plural.&#160; The words <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">hereof, herein, hereby, hereunder</font> and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision
          of this Agreement.&#160; Section, subsection, paragraph, clause, Exhibit or Schedule references used in this Agreement refer to the specific Section, subsection, paragraph or clause of, or Exhibit or Schedule to, this Agreement unless otherwise
          specified.&#160; Words importing a particular gender mean and include every other gender.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 70.6pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">1.3</font>&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Accounting Terms.&#160; </font>All accounting terms not specifically defined herein shall be construed in accordance with generally accepted accounting principles (<font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">GAAP</font>) as in effect from time to time.&#160; When used herein, the term <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style:
            italic;">financial statements</font> includes the notes and schedules thereto.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">1.4&#160; &#160;&#160; &#160;&#160;&#160; Exhibits, Etc.</font>&#160; All of the Exhibits, Schedules, addenda or riders attached to this
        Agreement are deemed incorporated herein by reference.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 70.6pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">1.5</font>&#160;&#160; &#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Code</font>.&#160; Any terms used in this Agreement which are defined in the Code shall be construed and defined as set forth in the Code, unless otherwise defined herein.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 70.6pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">1.6</font>&#160;&#160; &#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Materially</font>.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Material</font> and <font style="font-size: 10pt; font-family:
            'Times New Roman'; font-weight: bold; font-style: italic;">materially</font> shall mean an amount in excess of Twenty-Five Thousand Dollars ($25,000.00) to the extent it can be monetarily quantified.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ADVANCES AND
          TERMS OF PAYMENT</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.1</font>&#160; &#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Revolving Advances; Advance Limit.&#160; </font>Upon the request of Borrower made at any time from and after the date hereof until the Termination Date, and so long as no Event of Default has
          occurred, Lender may, in its Good Faith discretion, make Advances to Borrower under a revolving credit facility (the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Revolving Credit Facility</font>)
          in an amount up to:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">so long as Dilution is equal to or less than one
          and one-half percent (1.5%), the sum of (i) ninety percent (90%) of the aggregate outstanding amount of Eligible Accounts <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>plus</u></font> (ii) (x) eighty percent (80%) of the
          aggregate amount of the Eligible Unbilled Accounts or (y) One Million Dollars ($1,000,000), whichever is less (the sum of clauses (i) and (ii) being, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;
            font-style: italic;">Borrowing Base</font>);</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <div>
            <div style="text-indent: 108pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(b)&#160;&#160;&#160;&#160;&#160; &#160; &#160; </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family:
                  &quot;Times New Roman&quot;;"><u>minus</u></font> the Payroll Reserve;</font></div>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>, <font style="font-size: 10pt; font-family:
            'Times New Roman';"><u>however</u></font>, in no event at any time shall the maximum aggregate principal amount outstanding under the Revolving Credit Facility exceed Ten Million Dollars ($10,000,000) (said dollar limit being, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Advance Limit</font>).&#160; Lender may create reserves including, without limitation, the Dilution Reserve (should Dilution exceed 1.5%) and the Payroll
          Reserve, against, or reduce its advance percentages based on Eligible Accounts or Eligible Unbilled Accounts without declaring an Event of Default if Lender determines, in its Good Faith discretion, that such reserves or reduction are necessary,
          without limitation, to protect Lender's interest in the Collateral and/or against diminution in the value of any Collateral and/or to insure that the prospect of payment or performance by Borrower of its Obligations to Lender are not impaired.&#160;
          Borrower acknowledges that it has requested Lender to enter into an indemnification agreement in favor of Sterling National Bank and agrees that any sums paid by Lender to Sterling National Bank thereunder shall be deemed to be Advances under
          this Section 2.1.</font></div>
      <div><br>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 6 -</font></td>
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      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.2</font>&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Overadvances.&#160; </font>All<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>Advances shall be added to and be deemed part of the Obligations when made.&#160;
          If, at any time and for any reason, the aggregate amount of the outstanding Advances under the Revolving Credit Facility exceeds the dollar or percentage limitations contained in Section 2.1 (any such excess being, an <font style="font-size:
            10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Overadvance</font>), Borrower shall, upon demand by Lender, immediately pay to Lender in cash, the amount of any such Overadvance.<font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">&#160; </font>Without affecting Borrower's obligation to immediately repay to Lender the amount<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>of each
          Overadvance, Borrower shall pay Lender a fee (the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Overadvance Fee</font>) in an amount to be agreed upon between Lender and Borrower, but in
          any event, not less than $500.00 per occurrence of an Overadvance, plus interest on such Overadvance amount at the Default Rate set forth below.&#160; Further, without affecting Borrower's obligation to immediately repay to Lender the amount<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>of each Overadvance, all Overadvances are deemed Obligations and are secured by the Collateral and guaranteed by the Guarantor under any guaranty executed in
          connection herewith.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.3</font>&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Authorization to Make Advances.&#160; </font>Lender is hereby authorized to make<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>the Advances based upon
          telephonic or other instructions received from anyone purporting to be an Authorized Officer, or, at the Good Faith discretion of Lender, if such Advances are necessary to satisfy any Obligations.&#160; All requests for Advances shall specify the date
          on which such Advance is to be made (which day shall be a Business Day) and the amount of such Advance.&#160; Requests received after 12:00 p.m. Eastern time on any day shall be deemed to have been made as of the opening of business on the immediately
          following Business Day.&#160; All Advances made under this Agreement shall be conclusively presumed to have been made to, and at the request and for the benefit of, Borrower when deposited or otherwise disbursed in accordance with the instructions of
          Borrower or in accordance with the terms and conditions of this Agreement.&#160; Unless otherwise requested by Borrower, all Advances shall be made by a wire transfer to the Deposit Account of Borrower designated on <font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Schedule 2.3</font> or to such other account as Borrower shall notify Lender in writing.&#160; Borrower shall pay to Lender a funds transfer fee of $20.00 for each Advance, which such fee shall be
          payable on the first (1st) calendar day of each month of the Term for all Advances made during the preceding month.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.4</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Interest.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 107.75pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Except where specified to the contrary in the
          Loan Documents, interest shall accrue on the Daily Balance at the per annum rate of one and three quarters percentage points (1.75%) above the Prime Rate in effect from time to time, but not less than seven and one-quarter percent (7.25%) (the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Applicable Rate</font>).&#160; At the option of Lender, (i) from and after the occurrence of an Event of Default, and without constituting a waiver of
          any such Event of Default, and (ii) if the Obligations are not paid in full by the Termination Date, and without waiving the maturity of the Obligations on the Termination Date, the Obligations shall bear interest at the per annum rate of six
          percentage points (6%) above the Applicable Rate (the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Default Rate</font>).&#160; All interest payable under the Loan Documents shall be computed on
          the basis of a three hundred sixty (360) day year for the actual number of days elapsed on the Daily Balance.&#160; Interest as provided for herein shall continue to accrue until the Obligations are indefeasibly paid in full.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">The interest rate payable by Borrower under the
          terms of this Agreement shall be adjusted in accordance with any change in the Prime Rate, from time to time, on the date of any such change.&#160; All interest payable by Borrower shall be due and payable on the first (1st) day of each calendar month
          during the Term.&#160; Lender may, at its option, add such interest, fees (including, without limitation, the Servicing Fee under Section 2.8) and charges payable by Borrower under the Loan Documents and all Lender Expenses to the Obligations, and the
          Obligations (as so increased by the amount of such interest, fees, charges and Lender Expenses), shall thereafter accrue interest at the rate then applicable under this Agreement.&#160; Notwithstanding anything to the contrary contained in the Loan
          Documents, the minimum monthly interest payable by Borrower on the Advances in any month shall be calculated based on an average Daily Balance of Two Million Dollars ($2,000,000) for such month.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">In no event shall interest on the Obligations exceed
          the highest lawful rate in effect from time to time.&#160; It is not the intention of the parties hereto to make an agreement which violates any applicable state or federal usury laws.&#160; In no event shall Borrower pay, nor shall Lender accept or
          charge, any interest which, together with any other charges on the principal or any portion thereof, exceeds the maximum lawful rate of interest allowable under any applicable state or federal usury laws.&#160; Should any provision of this Agreement
          or any existing or future Notes or Loan Documents between the parties be construed to require the payment of interest or any other fees or charges that could be construed as interest, which, with any other charges upon the principal or any
          portion thereof and any other fees or charges that could be construed as interest, exceed the maximum lawful rate of interest, then any such excess shall be applied to the remaining principal balance of the Obligations, if any, and any remainder
          shall be refunded to Borrower.</font></div>
      <div style="text-align: left; text-indent: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 7 -</font></td>
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      <div style="text-align: left; text-indent: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding any of the foregoing in this Section
          2.4, for purposes of this Agreement, it is the intention of Borrower and Lender that <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">interest</font> shall mean, and be limited to, any payment
          to Lender which compensates Lender for (i) the extension of credit to Borrower and the availability to Borrower of the Revolving Credit Facility and (ii) any default or breach by Borrower of a condition upon which such credit was extended and
          such Revolving Credit Facility was made available.&#160; Borrower and Lender agree that for the sole purpose of calculating the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">interest</font> paid
          by Borrower to Lender, it is the intention of Borrower and Lender that <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">interest</font> shall mean and include, and be expressly limited to, any
          interest accrued on the aggregate outstanding Daily Balance of the Obligations during the term hereof pursuant to subsections 2.4(a) and 2.4(b), any Overadvance Fee, Facility Fee (as defined below) and late fees charged to Borrower during the
          term hereof.&#160; Borrower and Lender further agree that it is their intention that the following fees shall <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>not</u></font> constitute <font style="font-size: 10pt; font-family:
            'Times New Roman'; font-weight: bold; font-style: italic;">interest</font>:&#160; any Servicing Fees (as defined below), any Field Examination Fees (as defined below), any attorney fees incurred by Lender, any premiums or commissions attributable to
          insurance guaranteeing repayment, finders' fees, credit report fees, appraisal fees or fees for document preparation or notarization.&#160; To the extent however that New Jersey law excludes from the calculation of <font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">interest</font> any fees defined herein as interest or includes as interest any fees or other sums which are intended not to constitute interest, New Jersey law shall
          supersede and prevail, and all such <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">interest</font> shall be subject to subsection 2.4(c) above.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.5</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Collection of Accounts.&#160; </font>Lender or Lender's designee may at any time during the existence of an Event of Default, with or without notice to Borrower, (a) notify customers, Account
          debtors or other obligors of Borrower that the Accounts and other Collateral have been assigned to Lender and that Lender has a security interest therein and (b) collect the Accounts and other Collateral directly and add the collection costs and
          expenses thereof to the Obligations; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>, <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>however</u></font>, unless and until Lender takes such
          action or gives Borrower other written instructions, Borrower shall notify all Account debtors and other obligors of Borrower to remit payments on the Accounts and other Collateral to a lockbox to be designated by Lender, or in the case of
          payments to be made by wire transfer, ACH or other electronic means, to an account designated by Lender over which Lender shall have control.&#160; Notwithstanding the foregoing, as to any Account debtor that has Concentration Percentage of more than
          twenty percent (20%) (or 25% aggregated across all Borrower entities) as contemplated by the definition of Eligible Accounts, and if the Concentration Percentage of any Account debtor exceeds twenty percent (20%) (or 25% aggregated across all
          Borrower entities), said Account debtor may be notified of Lender's security interest in Accounts prior to the existence of an Event of Default.&#160; All such payments remitted to the lockbox or made by wire transfer, ACH or other electronic means to
          the account designated by Lender shall then be credited to a deposit account of Lender into which remittances from Account debtors and other obligors of Borrower and obligors of other customers of Lender may be credited.&#160; If, notwithstanding any
          notices that may be sent to Account debtors or other obligors of Borrower, Borrower obtains payment on any Account or other Collateral, including, without limitation, collections under credit card sales, Borrower shall receive any and all such
          payments on Accounts and other Collateral and other proceeds (including cash) in trust for Lender and shall immediately deliver said payments to Lender in the original form as received, together with any necessary endorsements thereof, and/or at
          the discretion of Lender, shall deposit said payments into a deposit account designated by, and in the name of and under the exclusive control of, Lender.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.6</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Crediting Payments.&#160; </font>The receipt of any item of payment by Lender for the sole purpose of determining availability under the Revolving Credit Facility, <font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-style: italic;">subject to final payment of such item</font>, shall be provisionally applied to reduce the Obligations on the date of receipt of such item of payment by Lender; <font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>provided</u></font>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>however</u></font>, the receipt of such item of payment by Lender for determining the Daily Balance and for all other
          purposes hereunder, including, without limitation, the calculation of interest on the Obligations and the calculation of the Servicing Fee, shall <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>not</u></font> be deemed to have
          been paid to Lender until two (2) Business Days after the date of Lender's actual receipt of such item of payment.&#160; Notwithstanding anything to the contrary contained herein, payments received by Lender after 12:00 noon Eastern time shall be
          deemed to have been received by Lender as of the opening of business on the immediately following Business Day.</font></div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 8 -</font></td>
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      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.7</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Facility Fee.&#160; </font>In consideration of Lender's entering into this Agreement, Borrower shall pay to Lender an annual facility fee (the <font style="font-size: 10pt; font-family: 'Times
            New Roman'; font-weight: bold; font-style: italic;">Facility Fee</font>) as follows:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times
            New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; For the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">first (1</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight:
              bold;">st</font></sup><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">) contract (loan) year</font> of the Initial Term, Borrower shall pay to Lender a Facility Fee equal to Fifty Thousand Dollars ($50,000).&#160;
          One twelfth (1/12) of such Facility Fee shall be paid simultaneously with the execution of this Agreement, and the remaining amount shall be paid in installments of like amount on the first (1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup>) day of each month thereafter until paid in full.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 144pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">In addition, if the amount owed under the
          Revolving Credit Facility during the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">first (1</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight: bold;">st</font></sup><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">) contract (loan) year</font> of the Initial Term (A) exceeds Five Million Dollars ($5,000,000), but is equal to or less than Six Million Dollars ($6,000,000), an
          additional one-time&#160; Facility Fee of Ten Thousand Dollars ($10,000) will be charged at the initial occurrence thereof, (B) exceeds Six Million Dollars ($6,000,000), but is less than or equal to Seven Million Dollars ($7,000,000), an additional
          one-time Facility Fee of Ten Thousand Dollars ($10,000) will be charged at the initial occurrence thereof, (C) exceeds Seven Million Dollars ($7,000,000), but is less than or equal to Eight Million Dollars ($8,000,000), an additional one-time
          Facility Fee of Ten Thousand Dollars ($10,000) will be charged at the initial occurrence thereof, (D) exceeds Eight Million Dollars ($8,000,000), but is less than Nine Million Dollars ($9,000,000), an additional one-time Facility Fee of Ten
          Thousand Dollars ($10,000) will be charged at the initial occurrence thereof, or (E) exceeds Nine Million Dollars ($9,000,000), but is less than or equal to the Advance Limit (that is, Ten Million Dollars ($10,000,000)), an additional one-time
          Facility Fee of Ten Thousand Dollars ($10,000) will be charged at the initial occurrence thereof (each such $1,000,000 increment in clauses (A), (B), (C), (D) and (E) above, being hereinafter referred to as an <font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Increment</font>).&#160; The highest Daily Balance of the Revolving Credit Facility during the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">first



            (1</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight: bold;">st</font></sup><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">) contract (loan) year</font>
          of the Initial Term (rounded upward to the next $1,000,000, unless such amount is a multiple of $1,000,000, in which case, such amount need not be rounded upward), but in no event less than Five Million Dollars ($5,000,000), shall hereinafter be
          referred to as the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">First Year Benchmark Advance Amount</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times
            New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; For the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">second (2</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight:
              bold;">nd</font></sup><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">) contract (loan) year</font> of the Initial Term, Borrower shall pay to Lender a Facility Fee equal to one percent (1%) of the sum of (A)
          the First Year Benchmark Advance Amount <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>plus</u></font> (B) any Advances other than under the Revolving Credit Facility.&#160; One twelfth (1/12) of such Facility Fee shall be paid on
          January 1, 2020, and the remaining amount shall be paid in installments of like amount on the first (1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup>) day of each month thereafter until paid in full.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 144pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">In addition, Borrower shall pay to Lender an
          additional one-time Facility Fee of Ten Thousand Dollars ($10,000) at each initial occurrence that the amount owed under the Revolving Credit Facility during the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">second




            (2</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight: bold;">nd</font></sup><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">) contract (loan) year</font>
          of the Initial Term exceeds the First Year Benchmark Advance by each applicable Increment.&#160; The highest Daily Balance of the Revolving Credit Facility during the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">second



            (2</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight: bold;">nd</font></sup><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">) contract (loan) year</font>
          of the Initial Term (rounded upward to the next $1,000,000 unless such amount is a multiple of $1,000,000 in which case, such amount need not be rounded upward), but in no event less than the First Year Benchmark Amount, shall hereinafter be
          referred to as the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Second Year Benchmark Advance Amount</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Facility Fee for the entire Initial Term is deemed to be fully earned upon the execution of this Agreement.&#160; The unpaid balance of the Facility Fee
          for the entire Initial Term shall be payable in full on the earlier of (a) termination of this Agreement and (b) at Lender's option, upon Lender's declaration of an Event of Default.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">2.8&#160;&#160; &#160;&#160; &#160;&#160; Servicing Fee.</font>&#160; In consideration of Lender's services for the preceding calendar month,
        Borrower shall pay to Lender a monthly fee (the <font style="font-style: italic; font-weight: bold;">Servicing Fee</font>) in an amount equal to one-eighth percent (.125%) of the average Daily Balance during each month on or before the first (1st)
        day of each calendar month during the Term, including each Renewal Term (as defined below), or so long as the Obligations are outstanding.&#160; Notwithstanding anything to the contrary contained in the Loan Documents, the Servicing Fee shall be based
        on a minimum daily average outstanding balance of Advances of Two Million Dollars ($2,000,000).</div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 9 -</font></td>
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      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.9</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Field Examination Fee</font>.&#160; Borrower shall pay Lender a fee (the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Field Examination Fee</font>)<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&#160;</font>in an amount equal to Nine Hundred Ninety-Five Dollars ($995) per day, per examiner <font style="font-size: 10pt; font-family: 'Times New
            Roman';"><u>plus</u></font> out-of-pocket<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>expenses for each examination of Borrower's Books or the other Collateral performed by Lender or its designee, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">provided that</font> so long as no Event of Default exists, Borrower has not made a request for Advances beyond the lending parameters set forth in Section 2.1 or any
          other request outside of the ordinary course of business, and Borrower has provided or shall provide Lender with any and all of Borrower's Books, or other documentation requested or deemed necessary by Lender to complete the field examination
          within the allotted timeframe, Borrower shall not be obligated to pay for more than twelve (12) examiner days (that is, $11,940 plus out-of-pocket expenses) of such field examinations during each contract (loan) year of the Term.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.10</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Late Reporting Fee</font>.&#160; Borrower shall pay to Lender a fee in an amount equal to Fifty Dollars ($50.00) per document, per day for each Business Day any report, financial statement or
          schedule required by this Agreement to be delivered to Lender is past due by more than two (2) Business Days after Lender's delivery to Borrower of a written demand therefor.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.11</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">StuckyNet-Link Fee</font>.&#160; Borrower shall pay to Lender a fee in an amount equal to One Hundred Dollars ($100.00) per month in connection with the StuckyNet-Link software program for
          collateral reporting.</font></div>
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      </div>
      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.12</font>&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Monthly Statements.&#160; </font>Lender may render monthly statements to Borrower of all Obligations, including statements of all principal, interest and Lender Expenses, and Borrower shall have
          fully and irrevocably waived all objections to such statements and the contents thereof absent manifest error unless, within thirty (30) days after receipt, Borrower shall deliver to Lender, by registered, certified or overnight mail as set forth
          in Section 12, a written objection to such statement, specifying the error or errors, if any, contained therein.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">3.</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">TERM</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">3.1&#160;&#160;&#160; &#160; &#160;&#160; Term and Renewal Date.</font>&#160; This Agreement shall become effective upon execution by Lender
        and, provided that Borrower shall not have exercised its termination right as hereinafter provided, shall continue in full force and effect through the Initial Term, and from year to year thereafter (each a Renewal Term), if Lender, at its option,
        in writing agrees to extend the Term for a period of one (1) year from the then Termination Date.&#160; Borrower may terminate the Term at any time by giving Lender at least sixty (60) days' prior written notice by registered or certified mail, return
        receipt requested.&#160; In addition, Lender shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default.&#160; No such termination by either Borrower or Lender shall relieve or discharge Borrower of
        its duties, Obligations and covenants hereunder until all Obligations have been indefeasibly paid and performed in full, and Lender's continuing security interest in the Collateral shall remain in effect until the Obligations have been indefeasibly
        fully and irrevocably paid and satisfied in cash or cash equivalent.&#160; On the Termination Date, the Obligations shall be immediately due and payable in full.</div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">3.2 &#160; &#160;&#160;&#160;&#160;&#160; Termination Fee.</font>&#160; If the Term is terminated by Lender upon the occurrence of an Event of
        Default, or if the Term is terminated by Borrower by Borrower's providing Lender with the proper notice in accordance with Section 3.1 on any date other than one of the last ten (10) Business Days prior to the then current Termination Date, then in
        view of the impracticability and extreme difficulty of ascertaining actual damages, and by mutual agreement of the parties as to a reasonable calculation of Lender's lost profits, as a result thereof, in addition to payment of all principal,
        interest, fees, expenses and other Obligations, Borrower shall pay Lender upon the effective date of such termination a fee in an amount equal to:&#160; (a) two percent (2%) of the First Year Benchmark Advance Amount plus any Advances by Lender to or on
        behalf of Borrower other than under the Revolving Credit Facility, if such termination occurs on or prior to the first (1st) anniversary of the commencement date of the Initial Term; or (b) one percent (1%) of the Second Year Benchmark Advance
        Amount plus any Advances by Lender to or on behalf of Borrower other than under the Revolving Credit Facility, if such termination occurs after the first (1st) anniversary of the commencement date of the Initial Term and on or prior to the then
        Termination Date.&#160; Such fee shall be presumed to be the amount of damages sustained by Lender as the result of termination, and Borrower acknowledges that such fee is reasonable under the circumstances currently existing.&#160; The fee provided for in
        this Section 3.2 shall be deemed included in the Obligations.</div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
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                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 10 -</font></td>
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      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">CREATION OF
          CONTINUING SECURITY INTEREST</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">4.1</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Grant of Continuing Security Interest</font>.&#160; Borrower hereby grants to Lender a continuing security interest in the Collateral in order to secure the prompt repayment of the Obligations and
          the prompt performance by Borrower of each and all of its covenants and Obligations under the Loan Documents and otherwise.&#160; Lender's continuing security interest in the Collateral shall attach to all Collateral without further act on the part of
          Lender or Borrower.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">4.2</font>&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Negotiable Collateral.&#160; </font>In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower shall notify Lender and, upon the request
          of Lender, shall immediately endorse and assign such Negotiable Collateral to Lender and deliver physical possession of such Negotiable Collateral to Lender.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">4.3</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Delivery of Additional Documentation Required.&#160; </font>Concurrently with Borrower's execution and delivery of this Agreement and at any time thereafter at the request of Lender, Borrower
          shall execute and deliver<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>to Lender all security agreements, chattel mortgages, pledges, assignments, endorsements of certificates of title, applications for
          title, affidavits, reports, notices, schedules of accounts, letters of authority and all other documents that Lender may in Good Faith request, in form satisfactory to Lender, to perfect and maintain perfected Lender's continuing security
          interests in the Collateral and to fully consummate all of the transactions contemplated under the Loan Documents.&#160; Borrower hereby (a) authorizes Lender to file and/or record such financing statements and other documents as Lender deems
          necessary or desirable to perfect and maintain Lender's continuing security interest in the Collateral, (b) agrees any such financing statement may contain an "all asset" or "all property" description of the Collateral and (c) hereby ratifies any
          such financing statement or other document heretofore filed by Lender.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">4.4</font>&#160; &#160;&#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Power of Attorney.&#160; </font>Borrower hereby irrevocably makes, constitutes and appoints Lender (and any person designated by Lender) as Borrower's true and lawful attorney-in-fact with power
          to sign the name of Borrower on any of the above described documents or on any other similar documents to be executed, recorded or filed in order to perfect or continue perfected Lender's continuing security interest in the Collateral.&#160; In
          addition, Borrower hereby appoints Lender (and any person designated by Lender) as Borrower's attorney-in-fact with power to:&#160; (a) sign Borrower's name on verifications of Accounts and other Collateral and on notices to Account debtors; (b) send
          requests for verification of Accounts and other Collateral; (c) endorse Borrower's name on any checks, notes, acceptances, money orders, drafts or other forms of payment or security that may come into Lender's possession; (d) during the existence
          of an Event of Default, notify the post office authorities to change the address for delivery of Borrower's mail to an address designated by Lender, to receive and open all mail addressed to Borrower, and to retain all mail relating to the
          Collateral and forward all other mail to Borrower; and (e) during the existence of an Event of Default, make, settle and adjust all claims under Borrower's policies of insurance, endorse the name of Borrower on any check, draft, instrument or
          other item of payment for the proceeds of such policies of insurance and make all determinations and decisions with respect to such policies of insurance.&#160; The appointment of Lender as Borrower's attorney-in-fact and each and every one of
          Lender's rights and powers, being coupled with an interest, is irrevocable so long as any Accounts in which Lender has a continuing security interest remain unpaid and until all of the Obligations have been fully, indefeasibly repaid and
          performed.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">4.5</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Right To Inspect.&#160; </font>Lender shall have the right, after using its best efforts to give Borrower twenty-four (24) hours' notice (so long as no Event of Default shall exist and Borrower
          has not made a request for Advances beyond the lending parameters set forth in Section 2.1, or other requests outside of the ordinary course of business, otherwise no advance notice need be given), at any time or times hereafter during Borrower's
          usual business hours, or during the usual business hours of any third party having control over Borrower's Books, to inspect Borrower's Books in order to verify the amount or condition of, or any other matter relating to, the Collateral or
          Borrower's financial condition.&#160; Lender also shall have the right, after using its best efforts to give Borrower twenty-four (24) hours' notice (so long as no Event of Default shall exist and Borrower has not made a request for Advances beyond
          the lending parameters set forth in Section 2.1, or other requests outside of the ordinary course of business, otherwise no advance notice need be given), at any time or times hereafter during Borrower's usual business hours, to inspect, examine
          and appraise the Equipment and other Collateral and to check and test the same as to quality, quantity, value and condition.</font></div>
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                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 11 -</font></td>
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      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.</font>&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">REPRESENTATIONS
          AND WARRANTIES AND COVENANTS</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Borrower represents and warrants to Lender, and covenants and acknowledges, the following:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.55pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.1</font> &#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">No Prior Encumbrances; Security Interests</font>. Borrower has good and marketable title to the Collateral, free and clear of liens, claims, security interests or encumbrances, except for the
          security interests to be satisfied from the proceeds of the first Advances hereunder, the continuing security interests granted to Lender by Borrower, Permitted Liens and those disclosed on <font style="font-size: 10pt; font-family: 'Times New
            Roman'; font-weight: bold;">Schedule 5.1</font>.&#160; Other than those liens, claims, security interests or encumbrances expressly permitted by this Agreement, Borrower will not create, suffer or permit to be created any security interest, lien,
          pledge, mortgage or encumbrance on any Collateral or any of its other assets.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.2</font> &#160; &#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Bona Fide Accounts.&#160;&#160; </font>All Accounts represent bona fide services for which Borrower has an unconditional right to payment and&#160; the services have been rendered, as applicable.&#160; None of
          the Accounts is subject to any right of offset, counterclaim or cancellation.&#160; All Accounts reported to Lender as Eligible Accounts or Eligible Unbilled Accounts conform to the requirements of Eligible Accounts or Eligible Unbilled Accounts, as
          the case may be.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.3</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">[Reserved]</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.4</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Location of Equipment.&#160; </font>Except as set forth in the Perfection Certificate, the Equipment is not now, and shall not at any time or times hereafter be, stored with a bailee,
          warehouseman, processor or similar third party.&#160; Borrower shall keep the Equipment only at its address set forth on the first page hereof and at the locations set forth in the Perfection Certificate.&#160; If any of the Equipment is located at a
          premises not owned by Borrower, Borrower shall use its best efforts to cause the landlord of such premises, or other third party having an interest in said premises, to execute and deliver to Lender a landlord waiver and subordination, or similar
          agreement, reasonably satisfactory in form and substance to Lender, provided that, Lender shall execute a landlord waiver and subordination, or similar agreement, reasonably satisfactory in form and substance to Lender for any Equipment located
          at 5000 Research Court, Suite 750, Suwanee, Georgia&#160; 30024.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.5</font>&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">[Reserved]</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">5.6&#160;&#160; &#160;&#160; &#160;&#160; Retail Accounts.</font>&#160; No Accounts arise from the sale of goods or rendition of services for
        personal, family or household purposes.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.7</font>&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Relocation of Chief Executive Office.&#160; </font>The chief executive office of Borrower and the location of all books and records of Borrower relating to the Collateral is at the address
          indicated on the first page of this Agreement, and Borrower will not, without thirty (30) days' prior written notice to Lender and compliance with Section 4.3, relocate such office.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">5.8&#160;&#160; &#160; &#160; &#160; Due Incorporation/Organization/Formation and Qualification.</font>&#160;&#160;Borrower is, and shall&#160;at
        all times hereafter, be a corporation or limited liability company, as the case may be, duly incorporated/organized/formed and existing under the laws of the state of its incorporation/organization/formation as set forth on the first page hereof,
        and Borrower is, and shall at all times hereafter be, qualified and licensed to do business and is in good standing in any state in which the conduct of its business or its ownership of assets requires that it be so qualified, except where the
        failure to do so would not result in a material adverse change.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.9</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Actual and Fictitious Name. </font> Borrower's exact name is set forth on the first page hereof, and except as set forth in the Perfection Certificate, Borrower has not changed its name
          within the last five (5) years.&#160; Borrower is conducting its business under the trade or fictitious name(s) set forth in the Perfection Certificate, and no others.&#160; Borrower has complied with the fictitious name laws of all jurisdictions in which
          compliance is required in connection with its use of such name(s).</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.10</font>&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Permits and Licenses. </font> Borrower holds all material licenses, permits, franchises, approvals and consents required for the conduct of its business and the ownership and operation of its
          assets including, without limitation, a SAP certification.</font></div>
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      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">5.11&#160; &#160; &#160;&#160; Due Authorization; Enforceability.</font>&#160; Borrower has the right and power and is duly
        authorized to enter into the Loan Documents to which it is a party; all necessary action to authorize the execution and delivery of the Loan Documents has been properly taken; and Borrower is and will continue to be duly authorized to borrow under
        this Agreement and to perform all of the other terms and provisions of the Loan Documents throughout the Term.&#160; The Loan Documents, when executed and delivered by Borrower, will constitute the legal, valid and binding obligations of Borrower
        enforceable in accordance with their terms.</div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">5.12 &#160; &#160;&#160;&#160; Compliance with Organizational Documents, Etc.</font>&#160; The&#160;execution and delivery by Borrower of
        the Loan Documents to which it is a party and the performance of the terms thereof do not constitute a breach of any provision contained in Borrower's Certificate/Articles of Incorporation/Organization or Formation or its Bylaws or operating
        agreement, as the case may be,&#160; nor does the execution and delivery by Borrower of the Loan Documents to which it is a party or the performance of the terms thereof constitute an event of default under any material agreement to which Borrower is
        now or may hereafter become a party.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.13</font>&#160; &#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Litigation. </font> Except as set forth in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Schedule 5.13</font>, as of the date hereof or which Borrower
          notifies Lender as per the last sentence of this Section 5.13, there are no actions, proceedings or claims pending by or against Borrower, whether or not before any court or administrative agency, and Borrower has no knowledge or notice of any
          pending, threatened or imminent litigation, governmental investigations, or claims, complaints, actions, or prosecutions involving Borrower, except for ongoing collection matters in which Borrower is the plaintiff.&#160; If any such actions,
          proceedings or claims arise during the Term, Borrower shall promptly notify Lender in writing and shall, from time to time, notify Lender of all material events relating thereto.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.14</font>&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Accuracy of Information and No Material Adverse Change in Financial Statements.&#160; </font>All information furnished by Borrower to Lender, and all statements made by Borrower to Lender,
          including, without limitation, information set forth in any loan application, client profile and in the Perfection Certificate (excluding in each case, however, any projections, pro forma financial information and information of a general
          economic or industry nature provided by Borrower to Lender) are true, accurate and complete in all material respects and do not contain any misstatement of fact or omit to state any facts necessary to make the statements or information contained
          therein not misleading.&#160; All financial statements relating<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>to Borrower which have been or may hereafter be delivered to Lender:&#160; (a) have been prepared in
          accordance with GAAP; (b) fairly present in all material respects Borrower's financial condition as of the date thereof and Borrower's results of operations for the period then ended; and (c) disclose all material contingent obligations of
          Borrower (taken as a whole).&#160; No material adverse change in the financial condition of Borrower has occurred since the date of the most recent of such financial statements.&#160; Any projections, budgets and forward looking information and pro forma
          financial information contained in such materials are based upon good faith estimates and assumptions believed by Borrower to be reasonable at the time made, it being recognized by Lender that such projections as to future events are not to be
          viewed as facts and that actual results during the period or periods covered by any such projections may differ from the projected results.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.15</font>&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Solvency. </font>Borrower is now, and shall be at all times throughout the Term, solvent and able to pay its debts (including trade debts) as they mature.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.16</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">ERISA. </font> Neither Borrower or any ERISA Affiliate, nor any Plan is or has been in violation of any of the provisions of ERISA, any of the qualification requirements of IRC Section 401(a)
          or any of the published interpretations thereof.&#160; No lien upon the assets of Borrower has arisen with respect to any Plan.&#160; No <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">prohibited
            transaction </font>within the meaning of ERISA Section 406 or IRC Section 4975(c) has occurred with respect to any Plan.&#160; No <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">reportable
            event</font> as defined under Section 4043 has occurred with respect to any Plan which would cause the Pension Benefit Guaranty Corporation to institute proceedings under Section 4042 of ERISA.&#160; Neither Borrower nor any ERISA Affiliate has
          incurred any withdrawal liability with respect to any Multiemployer Plan.&#160; Borrower and each ERISA Affiliate have made all contributions required to be made by them to any Plan or Multiemployer Plan when due.&#160; There is no accumulated funding
          deficiency in any Plan, whether or not waived.</font></div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
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      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.17</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Environmental Laws and Hazardous Materials.&#160; </font>Borrower has complied, and at all times through the Term will comply, in all material respects, with all Environmental Laws (as defined
          below).&#160; Borrower has not and will not cause or permit any Hazardous Materials (as defined below) to be located, incorporated, generated, stored, manufactured, transported to or from, released, disposed of, or used at, upon, under, or within any
          premises at which Borrower conducts its business, or in connection with Borrower's business.&#160; To the best of Borrower's knowledge, no prior owner, occupant or operator of any premises at which Borrower conducts its business has caused or
          permitted any of the above to occur at, upon, under, or within any of the premises.&#160; Borrower will not permit any lien to be filed against the Collateral or any part thereof under any Environmental Law, and will promptly notify Lender of any
          proceeding, inquiry or claim relating to any alleged violation of any Environmental Law, or any alleged loss, damage or injury resulting from any Hazardous Material.&#160; Lender shall have the right to join and participate in, as a party if it so
          elects, any legal or administrative proceeding initiated with respect to any Hazardous Material or in connection with any Environmental Law.&#160; For purposes hereof, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;
            font-style: italic;">Hazardous Material</font> includes without limitation any substance, material, emission, or waste which is or hereafter becomes regulated or classified as a hazardous substance, hazardous material, toxic substance or solid
          waste under any Environmental Law, asbestos, petroleum products, urea formaldehyde, polychlorinated biphenyls (PCBs), radon, and any other hazardous or toxic substance, material, emission or waste, and substances containing excessive moisture,
          mildew, mold, microbial contamination, microbial growth or other fungi, or biological agents that can or are known to produce mycotoxins or other bioaerosols, such as antigens, bacteria, amoebae and microbial organic compounds or other similar
          matter, in each case that poses a risk to human health or the environment.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Environmental Laws</font> means the Comprehensive Environmental
          Response, Compensation and Liability Act of 1980, as amended, the Resource Conservation and Recovery Act of 1976, the Hazardous Materials Transportation Act, the Toxic Substances Control Act, the Clean Water Act and the regulations pertaining to
          such statutes, and any other safety, health or environmental statutes, laws, regulations or ordinances of the United States or of any state, county or municipality in which Borrower conducts its business or the Collateral is located, and the
          rules, resolutions, directives, orders, executive orders, consent orders, guidance from regulatory agencies, policy statements, judicial decrees, standards, permits, licenses and ordinances or any judicial or administrative interpretation of any
          of the foregoing, pertaining to the protection of land, water, air, health, safety or the environment, whether now or in the future enacted, promulgated or issued.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.75pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.18</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Tax Compliance.&#160; </font>Borrower has filed all tax returns required to be filed by it and has paid all taxes due and payable on said returns and on any assessment made against it or its
          assets.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.19</font> &#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Reliance by Lender; Cumulative.&#160; </font>Each warranty, representation and agreement contained in this Agreement shall be automatically deemed repeated by Borrower with each request for an
          Advance and shall be conclusively presumed to have been relied on by Lender regardless of any investigation made or information possessed by Lender.&#160; The warranties, representations and agreements set forth herein shall be cumulative and in
          addition to any and all other warranties, representations and agreements which Borrower shall now or hereafter give, or cause to be given, to Lender.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">5.20</font>&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Use of Proceeds.&#160; </font>The proceeds of the initial Advance will be used by Borrower for the purposes set forth on <font style="font-size: 10pt;
            font-family: &quot;Times New Roman&quot;; font-weight: bold;">Schedule 5.20</font>.&#160; Absent Lender's written consent to the contrary, the proceeds of Advances after the initial Advance will be used by Borrower solely for working capital
          purposes.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">5.21&#160; &#160; &#160;&#160; Motor Vehicles and Intellectual Property.</font>&#160; The Perfection Certificate identifies all motor
        vehicles, patents, patent applications, copyrights, trademarks, trade-names and other registered intellectual property owned by Borrower as of the date hereof.&#160; Borrower will promptly notify Lender of all motor vehicles or intellectual property
        hereafter owned by Borrower, and the status of all patent and trademark applications and the issuance of patents and trademarks, and all copyrights registrations, and in accordance with Section 4.3, will cooperate with Lender in taking all actions
        required by Lender to have a perfected security interest or lien on such motor vehicles and intellectual property.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 74.35pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.22</font>&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Commercial Tort Claims.&#160; </font>Borrower does not, as of the date hereof, have any Commercial Tort Claims against any third parties.&#160; If Borrower does hereafter have any such Commercial Tort
          Claims, Borrower shall furnish Lender with prompt written notice thereof, and in accordance with Article 4 hereof, shall execute and deliver such supplemental documents and cooperate with Lender in taking all action as required by Lender to have
          a perfected security interest or lien on such Commercial Tort Claims.</font></div>
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      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AFFIRMATIVE
          COVENANTS</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.25pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Borrower covenants and acknowledges that throughout the Term, Borrower shall comply with all of the following:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.25pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.1</font>&#160;&#160; &#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Collateral and Other Reports.&#160; </font>Borrower<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>shall at least once every week and each time it
          requests an Advance under the Revolving Credit Facility <font style="font-size: 10pt; font-family: 'Times New Roman';">utilize Lender's StuckyNet-Link software for collateral reporting and shall</font> furnish to Lender a borrowing base report
          and loan request, satisfactory in form and substance to Lender, report to Lender all sales and Accounts arising since its most recent report to Lender and shall execute and deliver to Lender, no later than the fifteenth (15th) day of each month
          during the Term, a detailed aging of the Accounts (both billed and unbilled; provided that Borrower shall have three (3) weeks from the date hereof to generate an unbilled aging report), a reconciliation statement and a summary aging, by vendor,
          of all accounts payable of Borrower and any book overdraft.&#160; Borrower and Lender agree that each authorized signer's (on behalf of Borrower) signature on borrowing base reports may be provided via an electronic signature (that is, by each
          authorized signer's password for such program).&#160; Borrower shall provide Lender a listing of each authorized signer.&#160; Borrower shall deliver to Lender, as Lender may from time to time require, collection reports, sales journals, invoices, copies
          of or original delivery receipts, customers' purchase orders, shipping instructions, bills of lading and other documentation respecting shipment arrangements and such other matters requested by Lender.&#160; Absent such a request by Lender, copies of
          all such documentation shall be held by Borrower as custodian for Lender.&#160; Borrower shall at all times provide Lender with all current "passwords" or similar access requirements relative to all computer systems available to Borrower with its
          Account debtors so as to enable Lender to have access to said computer systems so as to verify the status of Accounts owing to Borrower from said Account debtors.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.25pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.2</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Allowances</font>.&#160; Allowances, if any, as between Borrower and any Account debtors, shall be permitted on the same basis and in accordance with the usual customary practices of Borrower as
          they exist as of the date hereof.&#160; Borrower shall promptly notify Lender of all disputes and claims.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.3</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">[Reserved]</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.4</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Financial Statements, Reports, Certificates.&#160; </font>Borrower<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>shall deliver to Lender:&#160; (a) as soon as
          available, but in any event within thirty (30) days after the end of each month during the Term, a balance sheet and profit and loss statement prepared by Borrower covering Borrower's operations during such period; and (b) as soon as available,
          but in any event within ninety (90) days after the end of each fiscal year of Parent, consolidated financial statements of Parent, Borrower and other subsidiaries, for each such period, audited by independent certified public accountants
          acceptable to Lender.&#160; Such consolidated financial statements shall include a balance sheet and profit and loss statement and statements of cash flows, if available, and the accountants' management letter, if any, and shall be prepared in
          accordance with GAAP.&#160; To extent the financial statements of Borrower are prepared on a consolidated basis, such financial statements shall include consolidating/combining schedules, as applicable.&#160; Together with the above (that is, the delivery
          of the financial statements in (a) and (b)), Borrower shall also deliver Borrower's Form 10-Qs, 10-Ks or 8-Ks, if any, as soon as the same become available, and any other report reasonably requested by Lender relating to the Collateral and the
          financial condition of Borrower, together with a certificate, substantially in the form of <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibit 6.4</font>, signed by Borrower's chief financial officer to the
          effect that (a) all reports, statements or computer prepared information of any kind or nature delivered or caused to be delivered to Lender under this Section 6.4 fairly present in all material respects Borrower's financial condition, (b) there
          exists on the date of delivery of such certificate to Lender no Event of Default, and (c) certifying as to compliance with Section 7.10.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">6.5&#160;&#160; &#160; &#160; &#160; Tax Returns, Receipts.</font>&#160; Borrower shall deliver to Lender copies of Parent's federal
        income tax returns (including all schedules thereto), and any amendments thereto, within thirty (30) days of the filing thereof.&#160; Borrower further shall promptly deliver to Lender, upon request, satisfactory evidence of Borrower's payment of all
        withholding and other taxes required to be paid by Borrower.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.6</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">[Reserved]</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.7</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Title to Equipment.&#160; </font>Upon Lender's request, Borrower shall promptly deliver to Lender any and all certificates of title to any items of Equipment, properly endorsed to Lender, as
          applicable.</font></div>
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      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.8</font>&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Maintenance of Equipment</font>. <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>Borrower<font style="font-size: 10pt; font-family: 'Times New
            Roman'; font-weight: bold;">&#160;</font>shall keep and maintain the Equipment in good operating condition and repair (ordinary wear and tear excepted), and shall make all necessary replacements thereto so that the value and operating efficiency of
          its Equipment shall at all times be maintained and preserved.&#160; Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property.&#160; Except as otherwise permitted to be disposed of in accordance
          with Section 7.1, the Equipment is now and shall at all times remain Borrower's personal property.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.9</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Taxes.&#160; </font>All federal, state and local assessments and taxes, whether real, personal or otherwise, due or payable by, or imposed, levied or assessed against Borrower or any of its assets
          or in connection with Borrower's business shall hereafter be paid in full, before the same become delinquent or before the expiration of any extension period unless being contest in good faith and by appropriate proceedings and as to which
          Borrower has established adequate reserves for the payment thereof.&#160; During any such contests no lien for said taxes shall exist which would have priority over the lien of Lender on the assets of Borrower, or if any such priority lien exists, the
          amount owing covered by said lien shall be reserved against the amount otherwise available for Advances under the Revolving Credit Facility.&#160; Borrower shall make due and timely payment or deposit of all federal, state and local taxes, assessments
          or contributions required of it by law, and will execute and deliver to Lender, on demand, appropriate certificates attesting to the payment or deposit thereof.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.10</font>&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Insurance.&#160; </font>Borrower, at its expense, shall keep and maintain insurance to protect the Collateral against all risk<font style="font-size: 10pt; font-family: 'Times New Roman';
            font-weight: bold; font-style: italic;">&#160;</font>of loss covered under a Special property form.&#160; If any of the tangible Collateral is located in a flood zone, Borrower must also have flood insurance.&#160; Borrower with Collateral in California must
          also insure against the peril of earthquakes.&#160; The coverage shall be written on a replacement cost basis.&#160; The property limit(s) shall be no less than those necessary to satisfy the coinsurance requirement contained in the insurance policy.&#160;
          Borrower, at its expense, shall keep and maintain Business Income Coverage.&#160; Business Income Coverage shall insure against loss covered under a Special policy form.&#160; The limit must contemplate a benefit period of no less than twelve (12) months
          and meet the minimum limit needed to satisfy the coinsurance requirement contained in the policy.&#160; Business Income coverage can be written on an agreed amount basis, or with a coinsurance percentage from 80% to 100%.&#160; All policies of insurance
          covering business personal property and business income shall contain a Lender's Loss Payable endorsement in a form satisfactory to Lender.&#160; All policies insuring real property on which Lender has a mortgage or other lien shall contain a
          Mortgagee endorsement in form satisfactory to Lender.&#160; Either or both form(s) shall contain a waiver of warranties.&#160; All proceeds payable under such policies shall be payable to Lender and applied to the Obligations.&#160; Borrower shall cause to be
          delivered to Lender a properly executed Evidence of Property Insurance form along with a copy of the Lender's Loss Payable and/or Mortgagee endorsement(s) as applicable, in advance of the closing date for the credit facilities hereunder and
          thereafter at least thirty (30) days prior to the expiration date(s) of the policy(ies).&#160;&#160; All Mortgagee and Lender's Loss Payable endorsements shall contain the following address for notification purposes, or such other address as Lender may,
          from time to time, notify Borrower:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 70.95pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">North Mill Capital LLC</font></div>
      <div style="text-align: justify; text-indent: 70.95pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">821 Alexander Road, Suite 130</font></div>
      <div style="text-align: justify; text-indent: 70.95pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Princeton, New Jersey&#160; 08540</font></div>
      <div style="text-align: justify; text-indent: 70.95pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attention:&#160; Larry Kamin, Senior Vice President</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Borrower, at its expense, shall keep and maintain Commercial General Liability Coverage insuring against all risks relating to or
          arising from Borrower's ownership and use of the Collateral and its other assets, products and operations.&#160; Lender and its directors, officers and employees shall be named as additional insureds for Commercial General Liability on Borrower's
          policy.&#160; Borrower shall cause to be delivered to Lender a properly executed Certificate of Insurance, containing the required additional insured wording, before the closing date for the credit facilities hereunder and thereafter at least thirty
          (30) days prior the expiration date of the policy.&#160; Along with the Certificate of Insurance, Borrower shall also deliver a copy of the General Liability endorsement whereby Lender and its directors, officers and employees are added to the policy
          as additional insureds.</font></div>
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      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">All required policies shall be in such form, with such companies and in such amounts as may be satisfactory to Lender.&#160; All policies
          shall contain a thirty (30) day notice for cancellation or non-renewal.&#160; Lender reserves the right to change insurance specifications at any time.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">6.11&#160; &#160; &#160;&#160; Lender Expenses.</font>&#160; Borrower&#160;shall immediately, and without demand, reimburse Lender for all
        Lender Expenses, and Borrower hereby authorizes the payment of such Lender Expenses.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.12</font>&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Compliance With Law. </font>Borrower shall comply, in all material respects, with the requirements of all applicable laws, rules, regulations and orders of governmental authorities relating
          to Borrower and the conduct of its business.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">6.13&#160; &#160;&#160; &#160; Accounting System.</font>&#160; Borrower shall at all times hereafter maintain a standard and modern
        system of accounting in accordance with GAAP with ledger and account cards or computer tapes, disks, printouts and records pertaining to the Collateral containing such information as may from time to time be requested by Lender.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.14</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Minimum Net Unfunded Availability. </font> Borrower shall have at the time of the initial Advance under the Revolving Credit Facility only, Minimum Net Unfunded Availability of not less than
          Two Hundred Fifty Thousand Dollars ($250,000).&#160; For purposes of this Section 6.14, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Minimum Net Unfunded Availability</font> means the amount,
          as determined by Lender in its Good Faith discretion, calculated at the time of the initial Advance under the Revolving Credit Facility equal to the difference between (a) the amount of the Borrowing Base, less reserves (including the Dilution
          Reserve and the Payroll Reserve), if any, and (b) the amount of the initial Advance (including the initial installment of the Facility Fee and Lender Expenses in connection with the closing of the transactions under this Agreement), as set forth
          on <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Schedule 5.20.</font></font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NEGATIVE
          COVENANTS</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Borrower covenants and acknowledges to Lender that throughout the Term, Borrower shall not undertake any of the following, without
          the prior written consent of Lender:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.1pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.1</font>&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Extraordinary Transactions and Disposal of Assets.&#160; </font>(a)<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>Enter into any transaction not in the
          ordinary<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>and usual course of its business as conducted on the date hereof, including, but not limited to, the sale, lease, disposal, movement, relocation or
          transfer, whether by sale or otherwise, of any its assets, other than sales of used or surplus Equipment having an aggregate value not in excess of $50,000 in the ordinary and usual course of its business as presently conducted, in each fiscal
          year; (b) incur (i) any indebtedness for borrowed money (except under this Agreement), including, without limitation, (x) merchant advances or (y) purchase money indebtedness other than as permitted under Section 7.10, or (ii) any other
          indebtedness outside the ordinary and usual course of its business as conducted on the date hereof, except for renewals or extensions of existing indebtedness permitted by Lender and as set forth on <font style="font-size: 10pt; font-family:
            'Times New Roman'; font-weight: bold;">Schedule 7.1</font>; (c) make any advance or loan to any third party, except as permitted under Section 7.9; or (d) grant a lien on any of its assets except (i) in favor of Lender or (ii) the continuing
          liens and security interests, if any, set forth on <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Schedule 5.1</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.2</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Change Name, etc. </font> Change its name, business structure, jurisdiction of incorporation or formation, as applicable, or identity, or add any new fictitious name.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.3</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Merge, Acquire</font>.&#160; Merge, acquire, or consolidate with or into any other business organization.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.4</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Guaranty. </font> Guaranty or otherwise become in any way liable with respect to the obligations of any third party, except under this Agreement and by endorsement of instruments or items of
          payment for deposit to the account of Borrower for negotiation and delivery to Lender.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.5</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Restructure.&#160; </font>Make any change in its financial structure or business operations.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.6</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Prepayments. </font> Prepay any existing indebtedness for borrowed money owing to any third party other than trade payables.</font></div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
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                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 17 -</font></td>
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      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.7</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Change of Ownership.&#160; </font>Cause, permit or suffer any (a) change, direct or indirect, in the ownership of the capital stock or other equity interest of Borrower or (b) Change of Control of
          Parent, or (c) enter into any agreement with any person or entity that provides for a payment to such person or entity based upon the income of Borrower.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.8</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">[Reserved]</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.9</font>&#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Loans and Advances.&#160; </font>Make<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>any loans, advances or extensions of credit to any officer, director,
          executive employee or shareholder of Borrower (or any relative of any of the foregoing), or to any entity which is a subsidiary of, related to, affiliated with, or has common shareholders, officers or directors with, Borrower, exceeding $5,000 in
          the aggregate at any time.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.10</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Capital Expenditures.&#160; </font>Make any plant or fixed capital expenditure, or any commitment therefor, or purchase or lease any real or personal assets or replacement Equipment in excess of
          $100,000 for any individual transaction or where the aggregate amount of such transactions in any fiscal year exceeds $300,000.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.11</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">[Reserved]</font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 70.95pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.12</font>&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Distributions</font>.&#160; Make any distribution of, or declare or pay any dividends (in cash or in stock) on, or purchase, acquire, redeem or retire any of, its capital stock or other equity
          interest, of any class, whether now or hereafter outstanding, provided that Borrower may pay dividends or otherwise make distributions to Parent:&#160; (a)&#160; in an aggregate amount of $125,000 per year to pay interest on its convertible promissory
          notes at the rate(s) set forth therein,<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>so long as no Event of Default exists or would result from such payment, Borrower has sufficient availability under
          the Revolving Credit Facility and all Obligations of Borrower (including, without limitation, taxes) are current and within their terms; and (b) in an amount sufficient to pay interest <font style="font-size: 10pt; font-family: 'Times New
            Roman';"><u>only</u></font> at a per annum rate note greater than six percent (6%) per annum (or as otherwise set forth in the letter agreements below) on the payment obligations owed by Parent to Mark Breck and Frits Huijsekns, individuals and
          former members of Borrower, Ameri100 Arizona LLC (then known as DC&amp;M Partners, L.L.C.), in accordance with that certain Membership Interest Purchase Agreement dated as of July 29, 2016 by and among Parent, as buyer, DC&amp;M Partners, L.L.C.
          (the former name of Ameri100 Arizona LLC), as company, and the members of DC&amp;M Partners, L.L.C. (of which Mark Breck and Frits Huijsekns were members), as modified by certain letter agreements by Parent to Mark Breck and Frits Huijsekns, each
          dated January 14, 2019, so long as no Event of Default exists or would result from such payments, Borrower has sufficient availability under the Revolving Credit Facility and all Obligations of Borrower (including, without limitation, taxes) are
          current and within their terms.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 70.95pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.13</font>&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Accounting Methods.&#160; </font>Modify or change its method of accounting, or enter into, modify or terminate any agreement presently existing or at any time hereafter entered into with any third
          party for the preparation or storage of Borrower's records of Accounts and financial condition without such third party's agreeing to provide Lender with information regarding the Collateral or Borrower's financial condition.&#160; Borrower waives the
          right to assert a confidential relationship, if any, it may have with any such third party in connection with any information requested by Lender hereunder and agrees that Lender may contact any such third party directly in order to obtain such
          information.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.14</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Business Suspension</font>.&#160; Suspend or go out of business.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">EVENTS OF
          DEFAULT</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The occurrence of any one or more of the following events shall constitute an <font style="font-size: 10pt; font-family: 'Times New
            Roman'; font-weight: bold; font-style: italic;">Event of Default</font> by Borrower hereunder:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.6pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.1</font>&#160;&#160;&#160; &#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Failure to Pay.&#160; </font>Borrower's failure to pay when due and payable, or when declared due and payable, any portion of the Obligations (whether principal, interest, taxes, Lender Expenses,
          or otherwise);</font></div>
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      <div style="text-align: justify; text-indent: 71.6pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.2</font>&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Failure to Perform</font>.&#160; Borrower's or any Guarantor's failure to perform, keep or observe any term, provision, condition, representation, warranty, covenant or agreement contained in this
          Agreement, in any of the Loan Documents or in any other present or future agreement between Borrower and/or any Guarantor and Lender;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.6pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.3</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Misrepresentation.&#160; </font>Any material misstatement or misrepresentation now or hereafter exists in any warranty, representation, statement, aging or report made to Lender by Borrower and/or
          any Guarantor or any officer, employee, agent or director thereof, or if any such warranty, representation, statement, aging or report is withdrawn by such person;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.4</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Material Adverse Change. </font> There is a material adverse change in Borrower's or Parent's business or financial condition;</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">8.5&#160;&#160;&#160; &#160; &#160;&#160; Material Impairment.</font>&#160; There is a material impairment of the prospect of repayment of the
        Obligations or a material impairment of Lender's continuing security interests in the Collateral;</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.6</font>&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Levy or Attachment.&#160; </font>Any material portion of Borrower's assets is attached, seized, subjected to a writ or distress warrant or is levied upon, or comes into the possession of any
          judicial officer or assignee;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.7</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Insolvency by Borrower or Parent.&#160; </font>An Insolvency Proceeding is commenced by Borrower or Parent;</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">8.8&#160;&#160;&#160; &#160;&#160; &#160; Insolvency Against Borrower or Parent.</font>&#160; (A) An Insolvency Proceeding is commenced against
        Borrower or Parent, or (B) an order for relief under the Bankruptcy Code, or similar order in any other Insolvency Proceeding, is entered against Borrower or Parent;</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.9</font>&#160;&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Injunction Against Borrower.&#160; </font>Borrower is enjoined, restrained or in any way<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>prevented by court
          order from continuing to conduct all or any material part of its business;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.10</font>&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Government Lien.&#160; </font>Except for Permitted Liens, a notice of lien, levy or assessment is filed of record with respect to any of Borrower's or Parent's assets by the United States
          Government or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether
          inchoate or otherwise, upon Borrower's or any Parent's assets and the same is not paid on the payment date thereof;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.11</font>&#160; &#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Judgment.&#160; </font>A judgment in excess of Twenty-Five Thousand Dollars ($25,000) is entered against Borrower or Parent;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.12</font>&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Default to Third Party.&#160; </font>There is a default, which is not cured within any applicable grace or cure period, in any material agreement to which Borrower or Parent is a party or which
          binds Borrower or Parent or any of their respective assets, except for the defaults set forth on <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Schedule 8.12</font>;</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">8.13 &#160;&#160; &#160;&#160; Subordinated Debt Payments.</font> Borrower&#160;or Parent makes any payment on account of
        indebtedness which has now or hereafter been subordinated to the Obligations, except to the extent such payment is allowed under any subordination agreement entered into with Lender;</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.14</font>&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Death of Guarantor; Termination of Guaranty.&#160; </font>Any individual Guarantor dies or any Guarantor terminates his/its guaranty;</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">8.15&#160;&#160;&#160; &#160;&#160; Change in Management.</font>&#160; If Barry J. Kostiner or Brent V. Kelton ceases to be actively
        engaged in the management of Borrower provided, however, the foregoing shall not constitute an Event of Default, if Borrower provides prompt written notice to Lender of Barry J. Kostiner 's or Brent V. Kelton's failure to be actively engaged in the
        management of Borrower, as chief financial officer or chief executive officer, respectively, and within thirty (30) days thereafter, the Board of Directors of Borrower appoints another interim acting (or permanent) replacement chief financial
        officer or chief executive officer, as the case may be, acceptable to Lender, in its reasonable discretion, in all respects who assumes the duties of the chief financial officer or chief financial officer by the end of such thirty (30) day period;</div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"> <br>
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      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.16</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">ERISA Violation.&#160; </font>A <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">prohibited transaction </font>within the meaning of ERISA
          Section 406 or IRC Section 4975(c) shall occur with respect to a Plan which could have a material adverse effect on the financial condition of Borrower; any lien upon the assets of Borrower in connection with any Plan shall arise; Borrower or any
          ERISA Affiliate shall completely or partially withdraw from a Multiemployer Plan and such withdrawal could, in the opinion of Lender, have a material adverse effect on the financial condition of Borrower; Borrower or any of its ERISA Affiliates
          shall fail to make full payment when due of all amounts which Borrower or any of its ERISA Affiliates may be required to pay to any Plan or any Multiemployer Plan as one or more contributions thereto; Borrower or any of its ERISA Affiliates
          creates or permits the creation of any accumulated funding deficiency, whether or not waived; the voluntary or involuntary termination of any Plan which termination could, in the opinion of Lender, have a material adverse effect&#160; on the financial
          condition of Borrower; or Borrower shall fail to notify Lender promptly, and in any event within ten (10) days, of the occurrence of an event which constitutes an Event of Default under this Section 8.16 or would constitute an Event of Default
          upon the exercise of Lender's judgment;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.17</font>&#160; &#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Loss of License, etc.; Loss of SAP Certification</font>&#160; (A) If any material license (other than Borrower's license to sell SAP software), permit, distributor, franchise or similar agreement
          necessary for the continued operation of Borrower's business in the ordinary course is revoked, suspended or terminated; or (B) if Borrower's SAP certification is revoked, suspended or terminated; or</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.18</font>&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Other Agreements with Lender.</font>&#160; A default under any other obligation by or of Borrower or any Guarantor in favor of Lender, including any obligation under any instrument securing or
          evidencing such obligation, whether or not such obligation is otherwise secured, which default is not cured within any applicable grace or cure period.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding anything contained in this Agreement to the contrary, Lender shall refrain from exercising its rights and remedies
          and an Event of Default shall not be deemed to have occurred by reason (a) of the occurrence of any of the events set forth in Sections 8.6, 8.8(A), 8.10 or 8.11 hereof if, within ten (10) days from the date thereof, the same is released,
          discharged, dismissed, bonded against or satisfied; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>, <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>however</u></font>, Lender shall not be
          obligated to make Advances to Borrower during any such period or (b) the failure of Borrower to company with any of its obligations under Sections 6.7, 6.8, 6.12 or 6.13 hereof if such failure is remedied within fifteen (15) days of notice from
          Lender to Borrower of such failure to perform; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>, <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>however</u></font>, Lender shall not be
          obligated to make Advances to Borrower during any such period set forth in (a) and/or (b).</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">9.</font>&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">LENDER'S RIGHTS
          AND REMEDIES</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.05pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">9.1</font>&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Rights and Remedies. </font> During the existence of an Event of Default, Lender may, at its election, without notice of such election and without demand, do any one or more of the following:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">Declare all Obligations, whether evidenced by the
          Loan Documents or otherwise, immediately due and payable in full;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font>&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Cease advancing money or extending credit to or for
          the benefit of Borrower under the Loan Documents or under any other agreement between Borrower and Lender;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Terminate this Agreement as to any future liability
          or obligation of Lender, but without affecting Lender's rights and security interest in the Collateral and without affecting the Obligations;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font>&#160;&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Settle or adjust disputes and claims directly with
          Account debtors for amounts and upon terms which Lender in Good Faith considers advisable and, in such cases, Lender will credit the Obligations with the net amounts received by Lender in payment of such disputed Accounts, after deducting all
          Lender Expenses;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times
            New Roman'; font-weight: bold;">[Reserved];</font></font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" id="DSPFPageFooter">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z0442213c994a4aa3963550eb0fe74053">

              <tr>
                <td style="width: 48%; vertical-align: top; font-size: 8pt;">
                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 20 -</font></td>
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      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font>&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Without notice to or demand upon Borrower or any
          Guarantor, make such payments and do such acts as Lender considers necessary, desirable or reasonable to protect its security interest in the Collateral.&#160; Borrower shall assemble the Collateral if Lender so requires and deliver or make the
          Collateral available to Lender at a place designated by Lender.&#160; Borrower authorizes Lender to enter any premises where the Collateral is located, to take and maintain possession of the Collateral, or any part of it, and to pay, purchase, contest
          or compromise any encumbrance, charge or lien on the Collateral which in Lender's determination appears to be prior or superior to its security interest or lien, and to pay all expenses incurred in connection therewith;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(g)</font>&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Ship, reclaim, recover, store, finish, maintain,
          repair, prepare for sale, lease, license or other disposition, advertise for sale, lease, license or other disposition, and sell, lease, license or otherwise dispose (in the manner provided for herein or in the Code) the Collateral.&#160; Lender is
          hereby granted a license or other right to use, without charge, Borrower's labels, patents, copyrights, rights of use of any name, trade secrets, trade names, trademarks, service marks, and advertising matter, or any asset of a similar nature,
          pertaining to the Collateral, in completing the production of, advertising for sale, lease, license or other disposition, and sale, lease, license or other disposition of the Collateral.&#160; Borrower's rights under all licenses and all franchise
          agreements shall inure to Lender's benefit; and/or</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Sell, lease, license or otherwise dispose of the
          Collateral at either a public or private proceeding, or both, by way of one or more contracts or transactions, for cash or on terms, in such manner and at such places (including Borrower's premises) as Lender determines is commercially
          reasonable.&#160; It is not necessary that the Collateral be present at any such sale.&#160; Lender shall give notice of the disposition of the Collateral as follows:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">to Borrower and all other
          parties entitled to receive a notice of disposition under the Code, a notice in writing of the time and place of the public sale or other disposition, or if the sale or other disposition is a private sale or some other disposition other than a
          public sale, a notice in writing of the time on or after which the private sale or other disposition is to be made; and</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">the notice hereunder shall be
          personally delivered or mailed, postage prepaid, to Borrower as provided in Section 12, at least ten (10) calendar days before the date fixed for the sale or other disposition, or at least ten (10) calendar days before the date on or after which
          the private sale or other disposition is to be made, unless the Collateral is perishable or threatens to decline speedily in value.&#160; Notice to persons other than Borrower claiming an interest in the Collateral shall be sent to such addresses as
          is required or authorized under the Code.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Lender may credit bid and purchase at any public sale and, if permitted by applicable law, at any private sale, and any deficiency that exists after
          disposition of the Collateral as provided herein, shall be immediately paid by Borrower.&#160; Any excess will be remitted without interest by Lender to the party or parties legally entitled to such excess.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In addition to the foregoing, Lender shall have all rights and remedies provided by law (including those set forth in the Code) and at
          equity, and any rights and remedies contained in any Loan Documents and all such rights and remedies shall be cumulative.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">9.2&#160;&#160;&#160; &#160;&#160; &#160; No Waiver.</font>&#160; No delay on the part of Lender in exercising any right, power or privilege
        under any Loan Document shall operate as a waiver of the terms and conditions hereof, nor shall any single or partial exercise of any right, power or privilege under such Loan Documents or otherwise, preclude any other or further exercise of any
        such right, power or privilege.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">9.3</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Waivers.&#160; </font>If Lender seeks to take possession of any of the Collateral by court process, Borrower hereby irrevocably waives:&#160; (a) any bond and any surety or security relating thereto
          required by any statute, court rule or otherwise as an incident to such possession; (b) any demand for possession prior to the commencement of any suit or action to recover possession thereof; and (c) any requirement that Lender retain possession
          of, and not dispose of, any such Collateral until after trial or final judgment.</font></div>
      <div><br>
      </div>
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                <td style="width: 48%; vertical-align: top; font-size: 8pt;">
                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 21 -</font></td>
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      </div>
      <div style="text-align: justify; text-indent: 71.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">9.4</font>&#160;&#160; &#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Commercially Reasonable Sale.&#160; </font>Borrower and Lender agree that a sale or other disposition of any Collateral which complies with the following standards will conclusively be deemed to
          be commercially reasonable (but nothing herein implies that other methods or manners of sale are not commercially reasonable):&#160; (a) notice of the sale is given to Borrower at least (10) ten days prior to the sale, and, in the case of a public
          sale, notice of the sale is published at least seven (7) days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (b) notice of the sale describes the Collateral in general, non-specific terms;
          (c) the sale is conducted at a place designated by Lender, with or without the Collateral being present; (d) the sale commences at any time between 8:00 a.m. and 6:00 p.m.; (e) payment of the purchase price in cash or by cashier's check or wire
          transfer is required; and (f) with respect to any sale of any of the Collateral, Lender may (but is not obligated to) direct any prospective purchaser to ascertain directly from Borrower any and all information concerning the Collateral.&#160; Lender
          shall be free to employ other methods of noticing and selling the Collateral, in its discretion, if they are commercially reasonable.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">10.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">TAXES AND EXPENSES REGARDING THE COLLATERAL.&#160; </font>If Borrower fails to pay any monies (whether taxes, assessments, insurance premiums or otherwise) due to third persons or entities, fails
          to make any deposits or furnish any required proof of payment or deposit or fails to perform any of Borrower's other covenants under any of the Loan Documents, then in its discretion following not less than five (5) days' notice to Borrower,
          Lender may do any or all of the following:&#160; (a) make any payment which Borrower has failed to pay or any part thereof; (b) set up such reserves in Borrower's loan account as Lender deems necessary to protect Lender from the exposure created by
          such failure; (c) obtain and maintain insurance policies of the type described in Section 6.10 and take any action with respect to such policies as Lender deems prudent; or (d) take any other action deemed necessary to preserve and protect its
          interests and rights under the Loan Documents; provided that no prior notice need be given, or shorter notice may be given, if Lender, in Good Faith believes payment is necessary to be made without notice or a shorter time period to preserve and
          protect Lender's lien on assets of Borrower, or to preserve said assets, or to have said assets insured.&#160; Any payments made by Lender shall not constitute:&#160; (i) an agreement by Lender to make similar payments in the future or (ii) a waiver by
          Lender of any Event of Default.&#160; Lender need not inquire as to, or contest the validity of, any such expense, tax, security interest, encumbrance or lien, and the receipt of notice for the payment thereof shall be conclusive evidence that the
          same was validly due and owing.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WAIVERS</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">11.1</font>&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Demand, Protest.&#160; </font>Borrower waives demand, protest, notice of protest, notice of default or dishonor, notice of payment and nonpayment, notice of any default, notice of intention to
          accelerate, notice of acceleration, and notice of nonpayment at maturity and acknowledges that Lender may in Good Faith compromise, settle or release, without notice to Borrower, any Collateral and/or guaranties at any time held by Lender.&#160;
          Borrower hereby consents to any extensions of time of payment or partial payment at, before or after the Termination Date.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">11.2</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">No Marshaling.&#160; </font>Borrower, on its own behalf and on behalf of its successors and assigns, hereby expressly waives all rights, if any, to require a marshaling of assets by Lender or to
          require that Lender first resort to some portion(s) of the Collateral before foreclosing upon, selling or otherwise realizing on any other portion thereof.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">11.3</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Lender's Non-Liability for Equipment or for Protection of Rights.&#160; </font>So long as Lender complies with its obligations, if any, under Section 9-207 of the Code, Lender shall not in any way
          or manner be liable or responsible for:&#160; (a) the safekeeping of the Equipment; (b) any loss or damage thereto occurring or arising in any manner or fashion from any cause; (c) any diminution in the value thereof; or (d) any act or default of any
          carrier, warehouseman, bailee, forwarding agency or other person whomsoever.&#160; All risk of loss, damage or destruction of the Equipment shall<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>be borne by
          Borrower.&#160; Lender shall have no obligation to protect any rights of Borrower against any person obligated on any Collateral.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">11.4</font>&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Limitation of Damages.&#160; </font>In any action or other proceeding against Lender under this Agreement or relating to the transactions between Lender and Borrower, Borrower waives the right to
          seek any consequential or punitive damages.</font></div>
      <div><br>
      </div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 22 -</font></td>
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      <div style="text-align: justify; text-indent: 36.65pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">NOTICES.&#160; </font>Unless otherwise provided herein, all consents, waivers, notices or demands by any party relating to the Loan Documents shall be in writing and (except for financial
          statements and other informational documents which may be sent by first&#8209;class mail, postage prepaid) shall be telecopied/sent by facsimile transmission or other electronic transmission .pdf (followed up by a mailing or overnight delivery),
          personally delivered or sent by registered or certified mail, postage prepaid, return receipt requested, or by receipted overnight delivery service to Borrower or to Lender, as the case may be, at their addresses set forth below</font></div>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">If to Borrower:</font></div>
            </td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Ameri100 Arizona LLC</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1490 South Price Road, Suite 114</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chandler, Arizona&#160; 85286</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Ameri100 California Inc.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1024 Iron Point Road, Suite 1097</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Folsom, California&#160; 95360</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Ameri100 Georgia, Inc.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Ameri and Partners Inc</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5000 Research Court, Suite 750</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Suwanee, Georgia&#160; 30024</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In each case:</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: left;">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attn:</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
                  </font></div>
              </div>
            </td>
            <td style="width: 75%; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Barry J. Kostiner, Chief Financial Officer</font></td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Fax #:</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#160; <br>
                </font></div>
            </td>
            <td style="width: 75%; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(770) 935-4135</font></td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">If to Lender:</font></div>
            </td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">North Mill Capital LLC</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">821 Alexander Road, Suite 130</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Princeton, New Jersey&#160; 08540</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Attn:</font></div>
            </td>
            <td style="width: 75%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Larry Kamin, Senior Vice President</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Fax #</font></div>
            </td>
            <td style="width: 75%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(609) 919-0677</font></div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Any party may change the address at which it is to receive notices hereunder by notice in writing in the foregoing manner given to the
          other.&#160; All notices or demands sent in accordance with this Section 12 shall be deemed received on the earlier of the date of actual receipt or five (5) calendar days after the deposit thereof in the mail or on the date telecommunicated if
          telecopied.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36.3pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">13.</font>&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">DESTRUCTION OF BORROWER'S DOCUMENTS.&#160; </font>All documents, schedules, invoices, agings or other papers delivered to Lender may be destroyed or otherwise disposed of by Lender four (4) months
          after they are delivered to or received by Lender, unless Borrower requests in writing the return of the said documents, schedules, invoices or other papers and makes arrangements, at Borrower's expense, for their return.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36.3pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">14.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">GENERAL
          PROVISIONS</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">14.1</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Effectiveness. </font> This Agreement shall be binding and deemed effective when executed by Lender.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">14.2</font>&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Successors and Assigns; Assignments and Participations; Third Party Beneficiaries.&#160; </font>This Agreement shall bind and inure to the benefit of the respective successors and assigns of each
          of the parties; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>, <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>however</u></font>,<font style="font-size: 10pt; font-family: 'Times New
            Roman'; font-weight: bold;">&#160;</font>Borrower may not assign this Agreement or any rights hereunder, and any such prohibited assignment shall be absolutely void.&#160; No consent to an assignment by Lender shall release Borrower from its
          Obligations.&#160; Without notice to or the consent of Borrower, Lender may assign this Agreement and its rights and duties hereunder, and Lender reserves the right to sell, assign, transfer, negotiate or grant participations in all or any part of, or
          any interest in Lender's rights and benefits hereunder.&#160; In connection therewith, Lender may disclose all documents and information which Lender now or hereafter may have relating to Borrower or Borrower's business.&#160; Borrower and Lender do not
          intend any of the benefits of the Loan Documents to inure to any third party, and no third party shall be a third party beneficiary hereof or thereof.</font></div>
      <div><br>
      </div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 23 -</font></td>
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        </div>
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      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">14.3&#160; &#160;&#160; &#160; Section Headings.</font>&#160; Article, Section and Exhibit headings and numbers thereof have been set
        forth herein for convenience only.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">14.4</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Interpretation. </font> Neither this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against Lender or Borrower, whether under any rule of construction or
          otherwise.&#160; On the contrary, this Agreement has been reviewed by each party and shall be construed and interpreted according to the ordinary meaning of the words used so as to fairly accomplish the purposes and intentions of the parties hereto.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-indent: 72pt;"><font style="font-weight: bold;">14.5&#160; &#160;&#160; &#160; Severability of Provisions.</font>&#160; Each provision of this Agreement shall be severable from
        every other provision of this Agreement for the purpose of determining the legal enforceability of such provision.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">14.6</font>&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Amendments in Writing.&#160; </font>This Agreement cannot be changed or terminated orally.&#160; This Agreement supersedes all prior agreements, understandings and negotiations, if any, all of which
          are merged into this Agreement.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">THIS AGREEMENT, TOGETHER WITH THE OTHER LOAN DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES REGARDING THE SUBJECT
            MATTER HEREIN AND THEREIN, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES HERETO.&#160; THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</font></font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">14.7</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Counterparts and Facsimile Signatures. </font> This Agreement may be executed in any number of counterparts, each of which, when executed and delivered, shall be deemed to be an original and
          all of which, when taken together, shall constitute one and the same Agreement.&#160; Any signature to a Loan Document delivered by a party via telecopy/facsimile transmission or other electronic means shall be deemed to be an original signature.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">14.8</font>&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Indemnification.&#160; </font>Borrower hereby indemnifies, protects, defends and saves harmless Lender and any member, officer, director, investor, bank group member, official, agent, employee and
          attorney of Lender, and their respective heirs, successors and assigns (collectively, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Indemnified Parties</font>), from and against any and
          all losses, damages, expenses or liabilities of any kind or nature and from any suits, claims or demands, including reasonable counsel fees incurred in investigating or defending such claim, suffered by any of them and caused by, relating to,
          arising out of, resulting from, or in any way connected with the Loan Documents and the transactions contemplated therein or the Collateral (unless caused by the gross negligence or willful misconduct of the Indemnified Parties) including,
          without limitation:&#160; (a) losses, damages, expenses or liabilities sustained by Lender in connection with any environmental cleanup or other remedy required or mandated by any Environmental Law; (b) any untrue statement of a material fact
          contained in information submitted to Lender by Borrower or any Guarantor or the omission of any material fact necessary to be stated therein in order to make such statement not misleading or incomplete; (c) the failure of Borrower or any
          Guarantor to perform any obligations required to be performed by Borrower or any Guarantor under the Loan Documents; and (d) the ownership, construction, occupancy, operations, use and maintenance of any of Borrower's or any Guarantor's assets.&#160;
          The provisions of this Section 14.8 shall survive termination of this Agreement and the other Loan Documents.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">14.9.</font>&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Joint and Several Obligations; Dealings with Multiple Borrowers</font>.&#160;&#160; If more than one person or entity is named as Borrower hereunder, all Obligations, representations, warranties,
          covenants and indemnities set forth in the Loan Documents to which such person or entity is a party shall be joint and several.&#160; Lender shall have the right to deal with any Authorized Officer of any Borrower with regard to all matters concerning
          the rights and obligations of Lender and Borrower hereunder and pursuant to applicable law with regard to the transactions contemplated under the Loan Documents.&#160; All actions or inactions of the officers, managers, members and/or agents of any
          Borrower with regard to the transactions contemplated under the Loan Documents shall be deemed with full authority and binding upon all Borrowers hereunder.&#160; Each Borrower hereby appoints each other Borrower as its true and lawful
          attorney-in-fact, with full right and power, for purposes of exercising all rights of such person hereunder and under applicable law with regard to the transactions contemplated under the Loan Documents.&#160; The foregoing is a material inducement to
          the agreement of Lender to enter into this Agreement and to consummate the transactions contemplated hereby.&#160; Each Borrower represents that it and each other Borrower, together, are operated as part of one consolidated business entity and are
          directly dependent upon each other for and in connection with each of their respective business activities and financial resources.&#160; Each Borrower will receive a direct economic and financial benefit from the Obligations incurred under this
          Agreement and the incurrence of such Obligations is in the best interests of each Borrower.</font></div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 24 -</font></td>
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      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">14.10.</font>&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">Setoff. </font>&#160; Borrower hereby grants to Lender a lien, security interest and right of setoff as security for all Obligations to Lender upon and against all deposits, credits, collateral
          and property, now or hereafter in the possession, custody, safekeeping or control of Lender, or any entity under the control of Lender, or its parent entity(ies), or in transit to any of them.&#160; At any time, without demand or notice, Lender may
          set off the same or any part thereof and apply the same to the Obligations of Borrower, even though unmatured and regardless of the adequacy of any other collateral securing the Obligations.&#160; ANY AND ALL RIGHTS TO REQUIRE LENDER TO EXERCISE ITS
          RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THE OBLIGATIONS, PRIOR TO EXERCISING ITS RIGHTS OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE BORROWER ARE HEREBY KNOWINGLY, VOLUNTARILY AND
          IRREVOCABLY WAIVED.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">15.</font>&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;">CHOICE OF LAW, VENUE AND JURY TRIAL WAIVER.&#160; </font>THE VALIDITY OF THE LOAN DOCUMENTS, THEIR CONSTRUCTION, INTERPRETATION AND ENFORCEMENT AND THE RIGHTS OF THE PARTIES HERETO SHALL BE
          DETERMINED UNDER, GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW JERSEY, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.&#160; THE PARTIES HERETO AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH
          THE LOAN DOCUMENTS SHALL BE TRIED AND LITIGATED ONLY IN THE STATE COURTS LOCATED IN THE COUNTY OF MERCER, STATE OF NEW JERSEY, THE FEDERAL COURTS WHOSE VENUE INCLUDES THE STATE OF NEW JERSEY, OR AT THE SOLE OPTION OF LENDER, IN ANY OTHER COURT IN
          WHICH LENDER SHALL INITIATE LEGAL OR EQUITABLE PROCEEDINGS AND WHICH HAS SUBJECT MATTER JURISDICTION OVER THE MATTER IN CONTROVERSY.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BORROWER AND LENDER EACH
            WAIVES, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, THE RIGHT TO A TRIAL BY JURY</font> IN ANY PROCEEDING UNDER THE LOAN DOCUMENTS OR RELATING TO THE DEALINGS OF BORROWER AND LENDER AND ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF "FORUM
          NON CONVENIENS" OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 15.</font></div>
      <div><br>
      </div>
      <div style="text-align: center; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">[SIGNATURES CONTINUED ON NEXT PAGE]</font></div>
      <div style="text-align: center; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"> <br>
        </font></div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 25 -</font></td>
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      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Borrower and Lender have executed this Agreement and delivered this Agreement to Lender at Lender's place of business in Princeton,
          New Jersey as of the date first above written.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI100 ARIZONA LLC</font>, an Arizona limited liability company</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z01b3435ac6fa4a6fae1b2780a3f39360" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

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            <td style="width: 2%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By<font style="font-size: 10pt; font-family: 'Times New Roman';">:</font></font></div>
            </td>
            <td style="vertical-align: top;" rowspan="1" colspan="3">
              <div>&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>/s/ Brent Vernon Kelton</u></font></font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Brent Vernon Kelton</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chief Executive Officer</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI100 CALIFORNIA INC.</font>, a Delaware corporation</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z49bb6d3c859d4cfa93a080c289d840bb" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 2%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By<font style="font-size: 10pt; font-family: 'Times New Roman';">:</font></font></div>
            </td>
            <td style="vertical-align: top;" rowspan="1" colspan="3"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>/s/ Brent Vernon Kelton</u></font></font>&#160;</td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Brent Vernon Kelton</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chief Executive Officer</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI100 GEORGIA INC.</font>, a Georgia corporation</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="zc9cf23cf4e3e48eca29464e9e12596f4" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 2%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By<font style="font-size: 10pt; font-family: 'Times New Roman';">:</font></font></div>
            </td>
            <td style="width: 3%; vertical-align: top;" rowspan="1" colspan="3"><u><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Brent Vernon Kelton</font></font><br>
              </u></td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Brent Vernon Kelton</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chief Executive Officer</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI AND PARTNERS INC</font>, a Delaware corporation</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="zd41acf07c350455db34e8ddddd0169e7" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By<font style="font-size: 10pt; font-family: 'Times New Roman';">:</font></font></div>
            </td>
            <td style="vertical-align: top;" rowspan="1" colspan="3"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>/s/ Brent Vernon Kelton</u></font></font>&#160;</td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Brent Vernon Kelton</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chief Executive Officer</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NORTH MILL CAPITAL LLC</font>, a Delaware limited liability company</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z7926ad3747ce4f459c50482ba701294b" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 2%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By<font style="font-size: 10pt; font-family: 'Times New Roman';">:</font></font></div>
            </td>
            <td style="width: 3%; vertical-align: top;" rowspan="1" colspan="3"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>/s/ Beatriz Hernandez</u></font></font></td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Beatriz Hernandez</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Executive Vice President</font></div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" id="DSPFPageFooter">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z0442213c994a4aa3963550eb0fe74053">

              <tr>
                <td style="width: 48%; vertical-align: top; font-size: 8pt;">
                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 26 -</font></td>
              </tr>

          </table>
        </div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Schedule 2.3</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Deposit Account of Borrower for Advances</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Account # 6700092345</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Bank Name, Address, and Wire Transfer Instructions:</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z516fcaad0828471ea8e60a61aec9b3a2" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 32%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 36%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">Sterling National Bank</font></font></div>
            </td>
            <td style="width: 32%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 32%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 36%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">One Jericho Plaza, 3</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup><font style="font-size: 10pt; font-family: 'Times New Roman';"> Floor</font></font></div>
            </td>
            <td style="width: 32%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 36%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 36%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">New York, New York&#160; 11753</font></font></div>
            </td>
            <td style="width: 32%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 36%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 36%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ABA # 026007773</font></div>
            </td>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" id="DSPFPageFooter">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z0442213c994a4aa3963550eb0fe74053">

              <tr>
                <td style="width: 48%; vertical-align: top; font-size: 8pt;">
                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 27 -</font></td>
              </tr>

          </table>
        </div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Schedule 5.1</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Existing Liens Which Are To Continue</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">None.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" id="DSPFPageFooter">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z0442213c994a4aa3963550eb0fe74053">

              <tr>
                <td style="width: 48%; vertical-align: top; font-size: 8pt;">
                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 28 -</font></td>
              </tr>

          </table>
        </div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Schedule 5.13</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Litigation</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On May 1, 2018, MACT Holdings LLC, one of the former members of Ameri100 Arizona LLC, filed suit against Ameri Holdings, Inc. in the United States
          District Court for the Southern District of New York seeking damages in an amount equal to such former member's potion of accrued but unpaid earn-out payments of approximately $236,950 in respect of the 2017 earn-out period, plus attorneys' fees
          and expenses.&#160; All such amounts had been paid as of August 3, 2018.&#160; MACT Holdings LLC also asserted that they had elected to receive cash instead of stock consideration of 560,000 shares of common stock issued to him on July 30, 2018, but Ameri
          Holdings, Inc. disputes the assertion and is vigorously defending any claims related thereto.</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" id="DSPFPageFooter">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z0442213c994a4aa3963550eb0fe74053">

              <tr>
                <td style="width: 48%; vertical-align: top; font-size: 8pt;">
                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 29 -</font></td>
              </tr>

          </table>
        </div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Schedule 5.20</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Use of Proceeds of Initial Advance</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z0c7972aa1a4f47a8b245b839fe0e8b1f" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

          <tr>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font></div>
            </td>
            <td style="width: 94%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Initial installment of Facility Fee - $4,166.67</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font></div>
            </td>
            <td style="width: 94%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Payoff of Sterling National Bank - $2,746,924</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font></div>
            </td>
            <td style="width: 94%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Investment banking and consulting fees to Jenkins Capital Management - $75,000</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font></div>
            </td>
            <td style="width: 94%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Legal Fees - $18,315</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" id="DSPFPageFooter">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z0442213c994a4aa3963550eb0fe74053">

              <tr>
                <td style="width: 48%; vertical-align: top; font-size: 8pt;">
                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 30 -</font></td>
              </tr>

          </table>
        </div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Schedule 7.1</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Existing Indebtedness</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">As of July 29, 2018, in connection with the acquisition of Ameri100 Arizona LLC, two former members of Ameri100 Arizona LLC elected to receive an
          aggregate of $2,496,000 in cash in lieu of stock and such payment was due on or about September 28, 2018.&#160; Ameri Holdings, Inc. has entered into letter agreements with certain former members of Ameri100 Arizona LLC for the deferred payment of
          such amount.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" id="DSPFPageFooter">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z0442213c994a4aa3963550eb0fe74053">

              <tr>
                <td style="width: 48%; vertical-align: top; font-size: 8pt;">
                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 31 -</font></td>
              </tr>

          </table>
        </div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Schedule 8.12</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Defaults to Third Parties</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">None.</font></div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" id="DSPFPageFooter">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z0442213c994a4aa3963550eb0fe74053">

              <tr>
                <td style="width: 48%; vertical-align: top; font-size: 8pt;">
                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
                </td>
                <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 32 -</font></td>
              </tr>

          </table>
        </div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibit 6.4</font></div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Compliance Certificate</font></div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">COMPLIANCE CERTIFICATE</font></div>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to Section 6.4 of that certain Loan and Security Agreement, dated January _, 2019, by and between <font style="font-size:
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          the undersigned hereby certifies to Lender as follows:</font></div>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">There exists no condition or event which
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">and the following sets forth in detail what action Borrower proposes to take with respect thereto:</font></div>
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                  <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
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            <td style="width: 12%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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            <td style="width: 59%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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            <td style="width: 11.94%; vertical-align: top;">&#160;</td>
            <td style="width: 4.99%; vertical-align: top;">&#160;</td>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Aggregate amount per fiscal year:</font></div>
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            <td style="width: 12%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">$</font></div>
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            <td style="width: 59%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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            <td style="width: 4.99%; vertical-align: top;">&#160;</td>
            <td style="width: 4.99%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top; width: 78%;">&#160;</td>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In compliance?&#160; ___ Yes ___ No</font></div>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">I hereby certify that the foregoing statements made by me are true.&#160; I am aware that if any of the foregoing statements are false, I
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Date: _____________, 20__</font></div>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">AMERI100 ARIZONA LLC</font></div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 3%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 38%; vertical-align: top;">&#160;</td>
            <td style="width: 8%; vertical-align: top;" colspan="1">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 38%; vertical-align: top;">&#160;</td>
            <td style="width: 8%; vertical-align: top;" colspan="1">&#160;</td>
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            <td style="width: 1%; vertical-align: top; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By:</font></div>
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            <td style="width: 3%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 38%; vertical-align: top;">
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 38%; vertical-align: top;">&#160;</td>
            <td style="width: 8%; vertical-align: top;" colspan="1">&#160;</td>
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            <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <td style="width: 48%; vertical-align: top; font-size: 8pt;">
            <div style="text-align: justify; font-family: &amp;quot;">Ameri100 - Loan and Security Agreement &#8211; EXECUTION VERSION </div>
          </td>
          <td style="width: 52%; vertical-align: top; font-size: 8pt;"><font id="DSPFPageNumber" style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;">- 34 -</font></td>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10_2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.2</font><br>
  </div>
  <div style="text-align: left;"><font style="font-weight: bold;"> </font><br>
    <div style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-weight: bold;">REVOLVING CREDIT MASTER</div>
    <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">PROMISSORY NOTE</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"> <br>
      </font></div>
    <div>
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            <td style="width: 50.00%;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">$10,000,000.00</font></td>
            <td style="width: 50.00%;">
              <div style="text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-weight: bold;">Princeton, New Jersey</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50.00%;" rowspan="1">&#160;</td>
            <td style="width: 50.00%;" rowspan="1">&#160;</td>
          </tr>
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              <div>&#160;</div>
            </td>
            <td style="width: 50%; text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">January 23, 2019</font></td>
          </tr>

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    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">FOR VALUE RECEIVED,</font> the undersigned <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI100 ARIZONA LLC</font>, an Arizona limited liability company, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI100 GEORGIA
          INC.</font>, a Georgia corporation, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI100 CALIFORNIA INC.</font>, a Delaware corporation, and <font style="font-size: 10pt; font-family: 'Times New Roman';
          font-weight: bold;">AMERI AND PARTNERS INC</font>, a Delaware corporation (individually and collectively, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Borrower"</font>), jointly and severally, promise to pay
        to the order of <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NORTH MILL CAPITAL LLC</font>, a Delaware limited liability company (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight:
          bold;">"Lender"</font>),<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>at 821 Alexander Road, Suite 130, Princeton, New Jersey&#160; 08540, or such other address as Lender may notify Borrower, such sum up to
        Ten Million and 00/100 ($10,000,000.00) Dollars, together with interest as hereinafter provided, as may be outstanding on Advances by Lender to Borrower under Section 2.1 of the Loan and Security Agreement dated as of even date hereof, by and
        between Lender and Borrower (as amended, modified, supplemented, substituted, extended or renewed from time to time, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Loan Agreement"</font>).&#160; Capitalized terms
        not otherwise defined herein have the meanings set forth in the Loan Agreement.&#160; The Loan Agreement is incorporated herein as though fully set forth, and Borrower acknowledges its reading and execution thereof.&#160; The principal amount owing hereunder
        shall be paid to Lender on the Termination Date, which is currently January 23, 2019, or as may otherwise be provided for in the Loan Agreement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On the first day of each calendar month hereafter, Borrower shall pay to Lender accrued interest, computed on the basis of a 360 day
        year for the actual number of days elapsed, on the Daily Balance, at the per annum rate of one and three-quarters (1.75%) percentage points above the Prime Rate in effect from time to time, but not less than seven and one-quarter percent (7.25%)
        per annum.&#160; If there is a change in the Prime Rate, the rate of interest on the Daily Balance shall be changed accordingly as of the date of the change in the Prime Rate, without notice to Borrower.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">To secure the payment of this Note and the Obligations, Borrower has granted to Lender a continuing security interest in and lien on the
        Collateral.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In addition to all remedies provided by law upon default on payment of this Note, or upon the existence of an Event of Default, and to
        the extent permitted by the Loan Agreement, Lender may, at its option:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">declare this Note and the Obligations immediately due
        and payable;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">collect interest on this Note at the Default Rate set
        forth in the Loan Agreement from the date of such Event of Default, and if this Note is referred to an attorney for collection, collect reasonable attorneys' fees; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">exercise any and all remedies provided for in the
        Loan Agreement.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">BORROWER WAIVES PRESENTMENT FOR PAYMENT, PROTEST AND NOTICE OF PROTEST FOR NON-PAYMENT OF THIS NOTE AND TRIAL BY JURY
        IN ANY ACTION UNDER OR RELATING TO THIS NOTE AND THE ADVANCES EVIDENCED HEREBY.&#160; THIS NOTE IS GOVERNED BY THE LAWS OF THE STATE OF NEW JERSEY WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES.</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">[signatures on next page]</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"> <br>
      </font></div>
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              <td style="width: 48%;">
                <div style="text-align: justify; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Revolving Credit Master Promissory Note &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%; font-size: 8pt;">- <font id="DSPFPageNumber">1</font> -</td>
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          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" rowspan="1" style="vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">AMERI100 ARIZONA LLC</font></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="vertical-align: top; width: 3%;">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">:</font></font></div>
          </td>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div style="text-align: justify;"><u><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">/s/Brent Vernon Kelton</font></font></u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top; width: 3%;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></div>
          </td>
          <td style="width: 41%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Brent Vernon Kelton</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top; width: 3%;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
          </td>
          <td style="width: 41%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Chief Executive Officer</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zaffd9924fac4445a8d2a64f10782698e">

        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" rowspan="1" style="vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">AMERI100 CALIFORNIA INC.</font></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" rowspan="1" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">:</font></font></div>
          </td>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div style="text-align: justify;"><u><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">/s/Brent Vernon Kelton</font></font></u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></div>
          </td>
          <td style="width: 41%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Brent Vernon Kelton</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
          </td>
          <td style="width: 41%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Chief Executive Officer</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z5b10398906eb4db1a53e09fd7deecaca">

        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" rowspan="1" style="vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">AMERI100 GEORGIA INC.</font></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" rowspan="1" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">:</font></font></div>
          </td>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div style="text-align: justify;"><u><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">/s/Brent Vernon Kelton</font></font></u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></div>
          </td>
          <td style="width: 41%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Brent Vernon Kelton</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
          </td>
          <td style="width: 41%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Chief Executive Officer</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z8662ae71f6af4964ac2807a664f406ef">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" rowspan="1" style="vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">AMERI AND PARTNERS INC</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" rowspan="1" style="vertical-align: top;">&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">:</font></font></div>
          </td>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div style="text-align: justify;"><u><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">/s/Brent Vernon Kelton</font></font></u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></div>
          </td>
          <td style="width: 41%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Brent Vernon Kelton</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
          </td>
          <td style="width: 41%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Chief Executive Officer</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <div style="width: 100%;" id="DSPFPageFooter">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

            <tr>
              <td style="width: 48%;">
                <div style="text-align: justify; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Revolving Credit Master Promissory Note &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%; font-size: 8pt;">- 2 -</td>
            </tr>

        </table>
      </div>
    </div>
    <div> </div>
    <div style="text-align: center;"></div>
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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10_3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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  <head>
    <title></title>
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<body text="#000000" bgcolor="#ffffff" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt;">
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.3</font><br>
  </div>
  <div style="text-align: left;"><font style="font-weight: bold;"> </font><br>
    <div style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-weight: bold;">CORPORATE GUARANTY</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">THIS CORPORATE GUARANTY </font>(this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Guaranty"</font>), dated as of January 23, 2019, is made by <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI HOLDINGS, INC.</font>,
        a Delaware corporation (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Guarantor"</font>), with an office at 5000 Research Court, Suite 750, Suwanee, Georgia&#160; 30024 in favor of <font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">NORTH MILL CAPITAL LLC</font>, a Delaware limited liability company (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Lender"</font>), with an office at 821
        Alexander Road, Suite 130, Princeton, New Jersey&#160; 08540.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, <font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">AMERI100 ARIZONA LLC</font>, an Arizona limited liability company, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI100 GEORGIA INC.</font>, a Georgia
        corporation, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI100 CALIFORNIA INC.</font>. a Delaware corporation and <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI AND
          PARTNERS INC</font>, a Delaware corporation (individually and collectively, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Borrower"</font>) are now and may in the future be indebted to Lender for loans and
        advances and other financial accommodations made or to be made by Lender to or on behalf of Borrower, and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, to induce Lender to make and/or to
        continue to make loans and other financial accommodations to or on behalf of Borrower, Guarantor has agreed to execute and deliver a guaranty of all present and future liabilities of Borrower to Lender.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NOW, THEREFORE</font>, in consideration of the
        foregoing premises to induce Lender to make loans, advances and other financial accommodations to or on behalf of Borrower, and with full knowledge that said loans, advances and other financial accommodations would not be issued without this
        Guaranty, Guarantor agrees as follows:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The term <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Liability of Borrower"</font>
        shall include all obligations and liabilities, direct or indirect, absolute or contingent, joint and several, now or hereafter existing, due or to become due of Borrower to, or held or to be held by Lender for its own account or as agent for
        others, whether created directly or acquired by assignment or otherwise, including, without limitation, all principal of and interest (including without limitation any post-petition interest on all obligations at the rate set forth in the
        appropriate loan documents, accruing whether or not granted or permitted in any bankruptcy or similar insolvency proceeding) and fees and all costs and expenses, including reasonable attorney's fees, on all present and future liabilities and
        indebtedness of Borrower to Lender, and further including without limitation the obligation and liabilities arising under that certain Loan and Security Agreement dated as of January __, 2019, between Borrower and Lender (as amended, modified,
        supplemented, substituted, extended or renewed from time to time, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Loan Agreement"</font>), whether or not the same involve modifications to interest rates or
        other payment terms of such indebtedness, obligations or liabilities.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Guarantor hereby guarantees the full, prompt and unconditional payment when due of each and every Liability of Borrower to
        Lender, now existing or hereafter incurred, whether matured or unmatured, and the full, prompt, and unconditional performance of every term and condition of any transaction to be kept and performed by Borrower to Lender.&#160; This Guaranty is a primary
        obligation of Guarantor and shall be a continuing inexhaustible Guaranty without limitation as to the amount or duration and may not be revoked except by notice (the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Notice"</font>)
        in writing to Lender received at least thirty (30) days prior to the date set for such revocation; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>, <font style="font-size: 10pt; font-family: 'Times New
          Roman';"><u>however</u></font>, no Notice shall affect the liability under this Guaranty for any such Liability of Borrower arising prior to the date set for revocation whether made before or after the Notice.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Guarantor hereby represents and warrants the following:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(A)</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Guarantor is a corporation duly
        incorporated and organized, validly existing and in good standing under the laws of the State of Delaware.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(B)&#160;&#160;&#160;&#160;&#160;&#160; Guarantor has the power to execute, deliver and carry out the terms and provisions of this Guaranty.&#160; This Guaranty has been
        duly executed and delivered by Guarantor and constitutes Guarantor's binding, valid and enforceable obligation, enforceable in accordance with its terms, except as enforcement thereof may be limited, modified or prevented by any law relating to
        bankruptcy, insolvency or the like.</font></div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font></div>
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                <div style="text-align: justify; font-family: &amp;quot; font-size: 8pt;">Ameri100 &#8211; Corporate Guaranty &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt;">- <font style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">1</font> -</font></td>
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    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(C)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Guarantor is not in default under any indenture, mortgage, deed of trust or other instrument to which Guarantor is a party or
        by which Guarantor or any of Guarantor's assets may be bound.&#160; The execution and delivery of this Guaranty, the consummation of the transactions herein contemplated and the compliance with the provisions hereof will not violate any law or
        regulation, or any order or decree of any court or governmental instrumentality, will not conflict with, or result in the breach of, or constitute a default under, any indenture, mortgage, deed of trust, agreement or other instrument to which
        Guarantor is a party or by which Guarantor may be bound, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property of Guarantor thereunder.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(D)&#160;&#160;&#160;&#160;&#160;&#160; Guarantor's most recent financial statements furnished to Lender accurately represent Guarantor's financial condition as of
        the date thereof, and there has been no material adverse change in such condition from the date of said financial statements to the date hereof.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(E)&#160;&#160;&#160;&#160;&#160; Guarantor has relied upon Guarantor's own due diligence in making Guarantor's own independent evaluation and appraisal of
        Borrower, Borrower's business affairs and financial condition including the Liability of Borrower to Lender; Guarantor will continue to be responsible for making Guarantor's own independent appraisal of such matters; and Guarantor has not relied
        upon and will not hereafter rely upon Lender for information regarding Borrower, any Collateral (as defined in the Loan Agreement) or the Liability of Borrower to Lender.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Without incurring responsibility to Guarantor and without impairing or releasing Guarantor's obligation hereunder, Lender
        may at any time and from time to time, without the consent of or notice to Guarantor, upon any terms or conditions:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(A)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Change the manner, place or terms of payment (including changes to interest rates, fees and charges) and/or change or extend
        from time to time the time for payment or renew or alter the Liability of Borrower or any security therefor, and this Guaranty shall apply to the Liability of Borrower as so changed, extended, renewed or altered;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Sell, exchange, release, surrender, realize upon or otherwise deal with in any manner and in any order any property by
        whomsoever at any time pledged, mortgaged or in which a lien is given to secure the Liability of Borrower or the indebtedness of any of the Obligors, as such term is defined below, to Lender;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(C)&#160;&#160;&#160;&#160;&#160; Exercise or refrain from exercising any rights against Borrower or any surety, endorser or guarantor (including the Guarantor)
        (collectively, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Obligors"</font>) or against any security, or otherwise act or refrain from acting;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(D)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Release, settle or compromise any Liability of Borrower or any obligation of any Obligor, dispose of any security therefor,
        with or without consideration, or any liability incurred directly or indirectly in respect thereof or hereof;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(E)&#160;&#160;&#160;&#160; &#160; &#160; Apply any sums by whomsoever paid or howsoever realized to any Liability of Borrower; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(F)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Take or refrain from taking any or all actions against Borrower, any Obligor, or any of the security, whether similar or
        dissimilar to the foregoing.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(A)&#160;&#160;&#160;&#160; &#160; &#160; No invalidity, irregularity or unenforceability of all or any part of the Liability of Borrower, failure to
        perfect on or the impairment or loss of any security therefor, whether caused by any actions or inactions of Lender, or otherwise, shall affect, impair or be a defense to this Guaranty.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Guarantor hereby waives any right of subrogation to any security.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
      </font></div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font></div>
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                <div style="text-align: justify; font-family: &amp;quot; font-size: 8pt;">Ameri100 &#8211; Corporate Guaranty &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt;">- <font style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font> -</font></td>
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    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(C)&#160;&#160;&#160;&#160;&#160;&#160; Guarantor hereby waives any claim, right or remedy Guarantor may now have or hereafter acquire against Borrower that arises
        hereunder and/or as a result of Guarantor's performance hereunder including, without limitation, any claim, remedy or right of subrogation, reimbursement, exoneration, contribution, indemnification, or participation in any claim, right or remedy of
        Lender against Borrower or any security which Lender now has or hereafter acquires, whether or not such claim, right or remedy arises in equity, under contract, by statute, under common law or otherwise.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Upon the existence of an Event of Default, as defined in the Loan Agreement, under the Liability of Borrower, Lender may,
        without notice to Borrower declare the Liability of Borrower immediately due and payable by Guarantor.&#160; If Lender refers this Guaranty to an attorney for collection, Guarantor shall pay Lender any and all reasonable attorneys' fees and other costs
        and expenses incurred by Lender in enforcing Lender's rights hereunder.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New
          Roman';">(A)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition to all liens upon and rights of setoff against the monies, securities or other property of Guarantor given to Lender by law, Lender shall have, with respect to Guarantor's indebtedness to Lender under this
        Guaranty and to the extent permitted by law, a contractual possessory security interest in and a right of setoff against, and Guarantor hereby assigns, conveys, delivers, pledges and transfers to Lender all of Guarantor's right, title and interest
        in and to, all deposits, moneys, securities, and other property of Guarantor now or hereafter in the possession of or on deposit with Lender, whether held in a general or special account or deposit,&#160; whether held jointly with someone else, or
        whether held for safekeeping or otherwise, excluding however all IRA, Keogh and trust accounts.&#160; Every such security interest and right of setoff may be exercised without demand upon or notice to Guarantor.&#160; No security interest or right of setoff
        shall be deemed to have been waived by any act or condition on the part of Lender or by any neglect to exercise such right of setoff or to enforce such security interest or by any delay in so doing.&#160; Every right of setoff and security interest
        shall continue in full force and effect until such right of setoff or security interest is specifically waived or released by an instrument in writing executed by Lender.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(B)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">In the event that for any reason whatsoever Borrower
        is now or shall hereafter become indebted to Guarantor, Guarantor agrees that the amount of such sums and of such indebtedness and all interest thereon shall at all times be subordinate as to lien, time of payment and in all respects to all sums,
        including principal and interest and other amounts, at any time owing on the Liability of Borrower to Lender, and Guarantor shall not be entitled to enforce or receive payment thereof until the Liability of Borrower to Lender is paid in full,
        whether or not Borrower becomes insolvent.&#160; In the event of insolvency and consequent liquidation of the assets of Borrower through bankruptcy, by an assignment for the benefit of creditors, by voluntary liquidation or otherwise, the assets of
        Borrower applicable to the payment of the claims of both Lender and Guarantor shall be paid to Lender and shall be applied first by Lender to the Liability of Borrower to Lender.&#160; Guarantor does hereby assign to Lender all claims which Guarantor
        may have or acquire against Borrower or against any assignees or trustee in bankruptcy of Borrower, <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided,</u></font>&#160;<font style="font-size: 10pt; font-family: 'Times New
          Roman';"><u>however</u></font>, that such assignment shall be effective only for the purpose of assuring to Lender full payment in legal tender of the Liability of Borrower to Lender.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(C)&#160;&#160;&#160;&#160;&#160;&#160; If a claim is ever made upon Lender for repayment or recovery of any amount or amounts received by Lender in payment or on
        account of any of the Liability of Borrower and Lender repays all or part of said amount by reason of (a) any judgment, decree or order of any court or administrative body having jurisdiction over Lender or any of its property, or (b) any
        settlement or compromise of any such claim effected by Lender with any such claimant (including Borrower), then, and in such event, Guarantor agrees that any such judgment, decree, order, settlement or compromise shall be binding upon it,
        notwithstanding any revocation hereof or the cancellation of any instrument evidencing any Liability of Borrower, and Guarantor shall be liable to Lender under this Guaranty for the amount so repaid or recovered to the same extent as if such amount
        had never originally been received by Lender.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(D)&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Guaranty shall remain in full force and effect, and shall be automatically reinstated, without any further action on the
        part of the Lender, if Lender is required, in any bankruptcy, insolvency or other proceeding involving Borrower, to return or rescind any payment made to, or value received by, Lender from or for the account of Borrower.&#160; This paragraph shall
        remain in full force and effect notwithstanding any revocation or termination of this Guaranty or release by Lender of Guarantor.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
      </font></div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font></div>
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                <div style="text-align: justify; font-family: &amp;quot; font-size: 8pt;">Ameri100 &#8211; Corporate Guaranty &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt;">- <font style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font> -</font></td>
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    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(E)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Settlement of any claim by Lender against Borrower or any other Obligor, whether in any proceedings or not, and whether
        voluntary or involuntary, shall not reduce the amount due under this Guaranty except to the extent of any amount actually received by Lender under any such settlement that is applied to the Liability of Borrower.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(F)&#160;&#160;&#160;&#160;&#160;&#160;&#160; All rights, powers and remedies of Lender hereunder and under any agreement(s) between Borrower or any other Obligor and
        Lender, now, or at any time hereafter in force, shall be cumulative and not alternative, and shall be in addition to all rights, powers and remedies given to Lender by law or at equity.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(G)&#160;&#160;&#160;&#160;&#160;&#160;&#160; No delay on the part of Lender in exercising any of its options, powers or rights or partial or single exercise thereof shall
        constitute a waiver thereof.&#160; No waiver of any of Lender's rights hereunder and no modification or amendment of this Guaranty shall be deemed to be made by Lender unless the same shall be in writing, executed on behalf of Lender by a duly
        authorized officer, and each such waiver, if any, shall apply only with respect to the specific instance involved, and shall in no way impair the rights of Lender or the obligations of Guarantor to Lender in any other respect at any other time.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(H)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Guarantor hereby authorizes Lender, in its sole discretion, to disclose any financial or other information about Guarantor to
        any present, future or prospective participant or successor in interest in any loan, Advance or other financial accommodation to Borrower from the Lender, or any regulatory body or agency having jurisdiction over Lender.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(I)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Guarantor shall indemnify, defend and hold Lender and any member, officer, director, investor, bank group member, official,
        agent, employee and attorney of Lender, and their respective heirs, successors and assigns (collectively, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Indemnified Parties"</font>), harmless from any claim,
        cause of action, demand, or other matter that is brought or threatened against any Indemnified Party by Borrower, or by any third party including, without limitation, any receiver, trustee, or other person appointed in any bankruptcy, insolvency,
        or other proceeding involving Borrower, and from all costs and expenses (including, without limitation, attorney's fees and expenses) relating to or arising out of Lender's relationship with Borrower, unless caused by the gross negligence or
        willful misconduct of the Indemnified Parties (each of which may be defended, compromised, settled, or pursued with counsel of Lender's selection) but at Guarantor's risk and expense.&#160; This paragraph shall remain in full force and effect
        notwithstanding any termination of this Guaranty or release by Lender of Guarantor.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(J)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Guarantor's obligation to pay and perform in accordance with the terms of this Guaranty, any remedy for the enforcement
        thereof and/or the amount of the Liability of Borrower shall not be impaired, modified, changed, stayed, released or limited in any manner whatsoever by any impairment, modification, change, discharge, release, limitation or stay of the Liability
        of Borrower or the obligations of any of the Obligors or any Obligor's estate in bankruptcy or any remedy for the enforcement thereof, resulting from the operation of any present or future provision of the federal Bankruptcy Code or other statute,
        state or federal, or from the decision of any court interpreting any of the same, and Guarantor shall be obligated under this Guaranty and the amount of the Liability of Borrower shall for the purposes of this Guaranty be determined as if no such
        impairment, stay, modification, change, discharge, release or limitation had occurred.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(K)&#160;&#160;&#160;&#160;&#160;&#160; Guarantor waives notice of acceptance of this Guaranty and notice of any Liability of Borrower to which notice may apply and
        waives notice of default, non-payment, partial payment, presentment, demand, protest, notice of protest or dishonor and all other notices to which Guarantor might otherwise be entitled or which might be required by law to be given to Guarantor by
        Lender.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(L)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">This Guaranty shall be binding upon Guarantor and its
        successors and shall inure to the benefit of Lender, its successors and assigns.&#160; This Guaranty shall be construed in accordance with the laws of the State of New Jersey, without regard to principles of conflicts of law.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
      </font></div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font></div>
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            <tr>
              <td style="width: 48%;">
                <div style="text-align: justify; font-family: &amp;quot; font-size: 8pt;">Ameri100 &#8211; Corporate Guaranty &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt;">- <font style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font> -</font></td>
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    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(M)&#160;&#160;&#160;&#160;&#160;&#160; Guarantor hereby irrevocably consents to the non-exclusive jurisdiction of the courts of the State of New Jersey or any
        federal court in such State in connection with any action or proceeding arising out of or related to this Guaranty.&#160; Guarantor hereby irrevocably waives, to the fullest extent permitted by applicable law, any right Guarantor may have to assert the
        doctrine of "forum non conveniens" or to object to venue to the extent any proceeding is brought in accordance with this paragraph.&#160; In any such litigation, Guarantor waives personal service of any summons, complaint or other process and agrees
        that service may be made by certified or registered mail to Guarantor, at the address provided herein.&#160; Guarantor agrees that any action brought by Guarantor against Lender shall be commenced and maintained only in a court in the federal judicial
        district or county in which Lender has its principal place of business in New Jersey.&#160; Nothing in this Guaranty restricts the right of Lender to bring legal actions or other proceedings in any other competent jurisdiction.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(N)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Nothing herein shall in any way be deemed to limit the ability of Lender to serve any such writs, process or summonses in any
        other manner permitted by applicable law or to obtain jurisdiction over Guarantor in such other jurisdictions, and in such manner as may be permitted by applicable law. </font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(O)&#160;&#160;&#160;&#160;&#160;&#160; Guarantor agrees to furnish to Lender within ninety (90) days of the end of each year a financial statement in form
        satisfactory to Lender and a copy of Guarantor's federal and state income tax returns (including all schedules thereto) within thirty (30) days of filing same.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(P)&#160;&#160;&#160;&#160;&#160;&#160;&#160; If Guarantor consists of more than one person, the liabilities and obligations of each such person shall be joint and several
        and the word "Guarantor" means each of them, any of them and/or all of them.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Q)&#160;&#160;&#160;&#160;&#160;&#160; As used herein, the singular shall include the plural, the plural shall include the singular and the use of the masculine,
        feminine or neuter gender shall include all genders.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(R)&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">GUARANTOR WAIVES TRIAL BY JURY IN ANY
          ACTION UNDER OR RELATING TO THIS GUARANTY AND TO THE LIABILITY OF BORROWER TO LENDER.</font></font></div>
    <div><br>
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        <tr>
          <td style="vertical-align: top;" rowspan="1" colspan="2"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">WITNESS OR ATTEST:</font>&#160;</td>
          <td style="width: 3%; vertical-align: top;" rowspan="1" colspan="1">&#160;</td>
          <td style="vertical-align: top;" rowspan="1" colspan="4">&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">AMERI HOLDINGS, INC.</font></font>&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" rowspan="1" colspan="2"><br>
          </td>
          <td style="width: 3%; vertical-align: top;" rowspan="1" colspan="1">&#160;</td>
          <td style="vertical-align: top;" rowspan="1" colspan="4"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">:</font></font></div>
          </td>
          <td style="width: 48%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: justify; margin-left: 9pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">/s/ Brandon Gordon</font></font></div>
          </td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">By:</font></div>
          </td>
          <td style="vertical-align: top; border-bottom: 2px solid black;" colspan="2">
            <div style="text-align: justify; margin-left: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">/s/ Brent Vernon Kelton</font></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name: Brandon Gordon</font></div>
          </td>
          <td style="width: 3%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;"><br>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></div>
          </td>
          <td style="width: 29%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Brent Vernon Kelton</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:&#160;&#160; EVP</font></div>
          </td>
          <td style="width: 3%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
          </td>
          <td style="width: 29%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Chief Executive Officer</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
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              <td style="width: 48%;">
                <div style="text-align: justify; font-family: &amp;quot; font-size: 8pt;">Ameri100 &#8211; Corporate Guaranty &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt;">- <font style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font> -</font></td>
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<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ex10_4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.4</font><br>
  </div>
  <div style="text-align: left;"><br>
    <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SECURITY AGREEMENT</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">THIS SECURITY AGREEMENT</font> (this <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Agreement"</font>) is dated as of January 23, 2019, by and between <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI HOLDINGS,
          INC.</font>, a Delaware corporation (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Debtor"</font>), and <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NORTH MILL CAPITAL LLC</font>,
        a Delaware limited liability company (<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Secured Party"</font>).</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to a certain Loan and Security Agreement dated as of January 23, 2019 (as amended, modified, supplemented, substituted,
        extended or renewed from time to time, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Loan Agreement"</font>), Secured Party is extending credit accommodations to <font style="font-size: 10pt; font-family:
          'Times New Roman'; font-weight: bold;">AMERI100 ARIZONA LLC</font>, an Arizona limited liability company, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI100 GEORGIA INC.</font>, a Georgia corporation, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI100 CALIFORNIA INC.</font>, a Delaware corporation and <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AMERI AND PARTNERS INC</font>,
        a Delaware corporation (individually and collectively, <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Borrower"</font>).</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">As a condition to extending and thereafter continuing to extend credit to Borrower, Secured Party has required the execution and
        delivery by Debtor of a Corporate Guaranty of even date herewith, guaranteeing the payment and performance of all present and future obligations of Borrower to Secured Party, including, without limitation, those arising under or pursuant to the
        Loan Agreement (as amended, modified, supplemented, substituted, extended or renewed from time to time, the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Guaranty"</font>).&#160; As a further condition to same,
        Secured Party has required the execution and delivery of this Agreement by Debtor.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">ACCORDINGLY, </font>in consideration of the mutual
        covenants contained in the Loan Agreement and herein, the parties hereby agree as follows:</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;"><u>Definitions</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">.</font>&#160; All terms defined in the recitals hereto and the Loan Agreement that are not
        otherwise defined herein shall have the meanings given them in the recitals and the Loan Agreement.&#160; All terms defined in the UCC and not otherwise defined herein have the meanings assigned to them in the UCC.&#160; In addition, the following terms have
        the meanings set forth below or in the referenced Sections of this Agreement:</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Accounts"</font> means, collectively, in addition to
        the definition of "Account" in the UCC, all presently existing and hereafter arising accounts receivable, contract rights, health-care-insurance receivables and all other forms of obligations owing to Debtor arising out of the sale, lease, license
        or assignment of goods or other property or the rendition of services by Debtor, whether or not earned by performance, all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Debtor and
        Debtor's Books relating to any of the foregoing.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Chattel Paper"</font> has the same meaning ascribed
        to such term in the UCC (whether tangible or electronic).</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Collateral"</font> means all assets of Debtor,
        whether now owned or existing, or hereafter acquired or arising, and wherever located, including, without limitation, all of the following assets, properties, rights and interests in property of Debtor: all Accounts, all Equipment, all Commercial
        Tort Claims, all General Intangibles, all Chattel Paper, all Inventory, all Negotiable Collateral, all Investment Property, all Financial Assets, all Letter-of-Credit Rights, all Supporting Obligations, all Deposit Accounts, all money or assets of
        Debtor which hereafter come into the possession, custody, or control of Secured Party; all proceeds and products, whether tangible or intangible, of any of the foregoing, including proceeds of insurance covering any or all of the foregoing; any and
        all tangible or intangible property resulting from the sale, lease, license or other disposition of any to the foregoing, or any portion thereof or interest therein, and all proceeds thereof; and any other assets of Debtor which may be subject to a
        lien in favor of Secured Party as security for the Obligations.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Commercial Tort Claims"</font> has the meaning
        ascribed to such term in the UCC.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Debtor's Books"</font> means all of Debtor's books
        and records including all of the following: ledgers; records indicating, summarizing, or evidencing Debtor's assets or liabilities, or the Collateral; all information relating to Debtor's business operations or financial condition; and all computer
        programs, disk or tape files, printouts, runs, or other computer prepared information, whether inscribed on tangible medium or stored in an electronic or other medium and which information is retrievable in perceivable form and the goods containing
        such information.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
      </font></div>
    <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> </font> <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> </font>
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            <tr>
              <td style="width: 48%;">
                <div style="text-align: left; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Security Agreement (Guarantor) &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt; font-family: &quot;Times New Roman&quot;; font-weight: normal; font-style: normal;" id="DSPFPageNumber">1</font></td>
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    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Deposit Account"</font> has the meaning ascribed to
        such term in the UCC.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Documents"</font> has the meaning ascribed to such
        term in the UCC.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Equipment"</font> means, collectively, in addition to
        the definition of "Equipment" in the UCC, all of Debtor's present and hereafter acquired equipment, machinery, machine tools, motors, furniture, furnishings, fixtures, motor vehicles, rolling stock, processors, tools, pans, dies, jigs, goods (other
        than consumer goods or farm products), together with any warranties, rights and interest in any of the foregoing, and all attachments, accessories, accessions, replacements, substitutions, additions, and improvements to any of the foregoing,
        wherever located.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Event of Default"</font> has the meaning given in
        Section 6.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Financial Assets"</font> has the meaning ascribed to
        such term in the UCC.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"General Intangibles"</font> means, collectively, in
        addition to the definition of "General Intangibles" in the UCC, all of Debtor's present and future general intangibles and other personal property (including choses or things in action, goodwill, patents, trade names, trademarks, service marks,
        copyrights, blueprints, drawings, purchase orders, customer lists, monies due or recoverable from pension funds, route lists, infringement claims, computer programs, computer discs, computer tapes, Debtor's Books, literature, reports, catalogs,
        Deposit Accounts, insurance premium rebates, tax refunds and tax refund claims) other than goods and Accounts.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Instruments"</font> has the meaning ascribed to such
        term in the UCC.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Inventory"</font> means, collectively, in addition to
        the definition of "Inventory" in the UCC, all present and future inventory in which Debtor has any interest, including goods held for sale or lease or to be furnished under a contract of service, Debtor's present and future raw materials, work in
        process, finished goods, tangible property, stock in trade, wares and materials used in or consumed in Debtor's business, goods which have been returned to, repossessed by, or stopped in transit by Debtor, packing and shipping materials, wherever
        located, any documents of title representing any of the above, and Debtor's Books relating to any of the foregoing.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Investment Property"</font> has the meaning ascribed
        to such term in the UCC.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Letter-of-Credit Rights"</font> has the meaning
        ascribed to such term in the UCC.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Lien" </font>means any security interest, mortgage,
        deed of trust, pledge, lien, charge, encumbrance, title retention agreement or similar instrument or device, including the interest of each lessor under any capitalized lease and the interest of any bondsman under any payment or performance bond,
        in, of or on any assets or properties of a person, whether now owned or hereafter acquired and whether arising by agreement or operation of law.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Negotiable Collateral"</font> means all of Debtor's
        present and future letters of credit, notes, drafts, Instruments, Documents, leases, and Chattel Paper.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Obligations"</font> means each and every debt,
        liability and obligation of every type and description which Debtor may now or at any time hereafter owed to Secured Party, whether such debt, liability or obligation now exists or is hereafter created or incurred and whether it is or may be direct
        or indirect, due or to become due, or absolute or contingent, including, without limitation, all obligations under the Guaranty.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Permitted Liens"</font> means (a) the Security
        Interest, (b) covenants, restrictions, rights, easements and minor irregularities in title which do not materially interfere with Debtor's business or operations as presently conducted, and (b) Liens in existence on the date hereof, if any, and
        described on <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibit C</font> hereto.</font></div>
    <div> </div>
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                <div style="text-align: left; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Security Agreement (Guarantor) &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt; font-family: &quot;Times New Roman&quot;; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></td>
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    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Security Interest"</font> has the meaning given in
        Section 2.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Supporting Obligation"</font> has the meaning
        ascribed to such term in the UCC.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"UCC"</font> means the New Jersey Uniform Commercial
        Code, as amended or revised from time to time.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;"><u>Security Interest</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">. </font> Debtor hereby grants Secured Party a security interest (the <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Security Interest"</font>) in the Collateral to secure payment of the Obligations.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;"><u>Representations, Warranties and Agreements</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">. </font> Debtor hereby represents, warrants and agrees
        as follows:</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Title.</font>&#160; Debtor (i) has, to Debtor's knowledge, good and marketable title to each item of Collateral in existence on the date hereof, free and clear of all Liens except the Security
        Interest and Permitted Liens, (ii) will have, at the time Debtor acquires any rights in Collateral hereafter arising, good and marketable title to each such item of Collateral free and clear of all Liens except Permitted Liens, (iii) will keep all
        Collateral free and clear of all Liens except Permitted Liens, and (iv) will defend the Collateral against all claims or demands of all persons other than Secured Party.&#160; Debtor will not sell or otherwise dispose of the Collateral or any interest
        therein, without the prior written consent of Secured Party, except for the sale of Inventory in the ordinary course of business to good faith purchasers for value.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Chief Executive Office, Identification Number.</font>&#160; Debtor's chief executive office and principal place of business is located at the address set forth under its signature below.&#160; Debtor's
        corporate identification number, if any, is correctly set forth under its signature below.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Location of Collateral.</font>&#160; As of the date hereof, the tangible Collateral is located only in the states and at the address, as identified on <font style="font-size: 10pt; font-family:
          'Times New Roman'; font-weight: bold;">Exhibit A</font> attached hereto.&#160; Debtor will not permit any tangible Collateral to be located at any other address without giving Secured Party at least thirty (30) Business Days' prior written notice.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Changes in Name, Organizational Documents, Location.</font>&#160; Debtor will not change its name, articles of incorporation or bylaws, or jurisdiction of incorporation, without the prior written
        consent of Secured Party.&#160; Debtor will not change its business address without prior written notice to Secured Party.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Fixtures.</font>&#160; Debtor will not permit any tangible Collateral to become part of or to be affixed to any real property without first assuring to the reasonable satisfaction of Secured Party
        that the Security Interest will be prior and senior to any Lien then held or thereafter acquired by any mortgagee of such real property or the owner or purchaser of any interest therein.&#160; If any part or all of the tangible Collateral is now or will
        become so related to particular real estate as to be a fixture, the real estate concerned and the name of the record owner are accurately set forth in <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibit B</font>
        hereto.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Rights to Payment.</font>&#160; Each right to payment and each Instrument, Document, Chattel Paper and other agreement constituting or evidencing Collateral is (or will be when arising, issued or
        assigned to Secured Party) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim of the account debtor or other obligor named therein or in Debtor's records pertaining thereto as being obligated to pay
        such obligation.&#160; Debtor will neither agree to any material modification or amendment nor agree to any forbearance, release or cancellation of any such obligation, nor not subordinate any such right to payment to claims of other creditors of such
        account debtor or other obligor.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Commercial Tort Claims.</font>&#160; Promptly upon knowledge thereof, Debtor will deliver to Secured Party notice of any Commercial Tort Claims it may bring against any person, including the name and
        address of each defendant, a summary of the facts, an estimate of Debtor's damages, copies of any complaint or demand letter submitted by Debtor, and such other information as Secured Party may request.&#160; Upon request by Secured Party, Debtor will
        grant Secured Party a security interest in all Commercial Tort Claims it may have against any person.</font></div>
    <div>&#160;</div>
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                <div style="text-align: left; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Security Agreement (Guarantor) &#8211; EXECUTION VERSION</div>
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    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Miscellaneous Covenants.</font>&#160; Debtor will:</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font>&#160;&#160; &#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">keep all tangible Collateral in
        good repair, working order and condition, normal depreciation and wear and tear excepted, and will, from time to time, replace any worn, broken or defective parts thereof;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">pay all taxes and other
        governmental charges levied or assessed upon or against any Collateral or upon or against the creation, perfection or continuance of the Security Interest;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">at all reasonable times, permit
        Secured Party or its representatives to examine or inspect any Collateral, wherever located, and to examine, inspect and copy Debtor's books and records pertaining to the Collateral and its business and financial condition and to send and discuss
        with account debtors and other obligors requests for verifications of amounts owed to Debtor;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">keep accurate and complete records
        pertaining to the Collateral and pertaining to Debtor's business and financial condition and submit to Secured Party such periodic reports concerning the Collateral and Debtor's business and financial condition as Secured Party may from time to
        time reasonably request;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">[reserved];</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vi)</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">if Secured Party at any time in its
        Good Faith discretion so requests, promptly deliver to Secured Party any Instrument, Document or Chattel Paper constituting Collateral, duly endorsed or assigned by Debtor;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vii)</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">at all times keep all tangible
        Collateral insured against risks of fire (including so-called extended coverage), theft, collision (in case of Collateral consisting of motor vehicles) and such other risks and in such amounts as Secured Party may reasonably request, with any such
        policies containing a lender loss payable endorsement acceptable to Secured Party;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(viii)</font>&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">from time to time execute such other
        documents as Secured Party may reasonably require in order to perfect the Security Interest and, if any Collateral consists of a motor vehicle, execute such documents as may be required to have the Security Interest properly noted on a certificate
        of title;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ix)</font>&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">pay when due or reimburse Secured
        Party on demand for all costs of collection of any of the Obligations and all other out-of-pocket expenses (including in each case all reasonable attorneys' fees) incurred by Secured Party in connection with the creation, perfection, satisfaction,
        protection, defense or enforcement of the Security Interest or the creation, continuance, protection, defense or enforcement of this Agreement or any or all of the Obligations, including expenses incurred in any litigation or bankruptcy or
        insolvency proceedings;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(x)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">execute, deliver or endorse any and
        all instruments, documents, assignments, security agreements and other agreements and writings which Secured Party may at any time reasonably request in order to secure, protect, perfect or enforce the Security Interest and Secured Party's rights
        under this Agreement; and</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(xi)</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">not use or keep any Collateral, or
        permit it to be used or kept, for any unlawful purpose or in violation of any federal, state or local law, statute or ordinance.</font></div>
    <div>&#160; </div>
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              </td>
              <td style="width: 52%;"><font style="font-size: 8pt; font-family: &quot;Times New Roman&quot;; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></td>
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    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Secured Party's Right to Take Action.</font>&#160; Debtor authorizes Secured Party to file from time to time where permitted by law, such financing statements against the Collateral described as "all
        personal property" or "all assets" as Secured Party deems necessary or useful to perfect the Security Interest.&#160; Debtor will not amend any financing statements in favor of Secured Party except as permitted by law.&#160; Further, if Debtor at any time
        fails to perform or observe any agreement contained in Section 3(h), immediately upon the occurrence of such failure, Secured Party may (but need not) perform or observe such agreement on behalf and in the name, place and stead of Debtor (or, at
        Secured Party's option, in Secured Party's own name) and may (but need not) take any and all other actions which Secured Party may reasonably deem necessary to cure or correct such failure (including, without limitation, the payment of taxes, the
        satisfaction of security interests, liens, or encumbrances, the performance of obligations under contracts or agreements with account debtors or other obligors, the procurement and maintenance of insurance, the endorsement of instruments, and the
        procurement of repairs or transportation), and, except to the extent that the effect of such payment would be to render any loan or forbearance of money usurious or otherwise illegal under any applicable law, Debtor shall thereupon pay Secured
        Party on demand the amount of all moneys expended and all costs and expenses (including reasonable attorneys' fees) incurred by Secured Party in connection with or as a result of Secured Party's performing or observing such agreements or taking
        such actions, together with interest thereon from the date expended or incurred by Secured Party at the highest rate then applicable to any of the obligations of Borrower to Secured Party.&#160; To facilitate the performance or observance by Secured
        Party of such agreements of Debtor, Debtor hereby irrevocably appoints (which appointment is coupled with an interest) Secured Party, or its delegate, as the attorney-in-fact of Debtor with the right (but not the duty) from time to time to create,
        prepare, complete, execute, deliver, endorse or file, in the name and on behalf of Debtor, any and all instruments, documents, financing statements, applications for insurance and other agreements and writings required to be obtained, executed,
        delivered or endorsed by Debtor under this Section 3 and Section 4.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;"><u>Rights of Secured Party</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">.</font>&#160; At any time and from time to time, upon the existence of an Event
        of Default, Secured Party may take any or all of the following actions:</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Account Verification.</font>&#160; Secured Party may at any time and from time to time send or require Debtor to send requests for verification of accounts or notices of assignment to account debtors
        and other obligors.&#160; Secured Party may also at any time and from time to time telephone account debtors and other obligors to verify accounts.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Collateral Account.</font>&#160; Secured Party may establish a collateral account for the deposit of checks, drafts and cash payments made by Debtor's account debtors.&#160; If a collateral account is so
        established, Debtor shall promptly deliver to Secured Party, for deposit into said collateral account, all payments on Accounts and Chattel Paper received by it.&#160; All such payments shall be delivered to Secured Party in the form received (except
        for Debtor's endorsement where necessary).&#160; Until so deposited, all payments on Accounts and Chattel Paper received by Debtor shall be held in trust by Debtor for and as the property of Secured Party and shall not be commingled with any funds or
        property of Debtor.&#160; All deposits in said collateral account shall constitute proceeds of Collateral and shall not constitute payment of any Obligation.&#160; Unless otherwise agreed in writing, Debtor shall have no right to withdraw amounts on deposit
        in any collateral account.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Lockbox.</font>&#160; Secured Party may, by notice to Debtor, require Debtor to direct each of its account debtors to make payment directly to a lockbox to be under the control of Secured Party.&#160;
        Debtor hereby authorizes and directs Secured Party to deposit all checks, drafts and cash payments received in said lockbox into the collateral account established as set forth above.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;">Direct Collection.</font>&#160; Secured Party may notify any account debtor, or any other person obligated to pay any amount due, that such Chattel Paper, Account, or other right to payment has been
        assigned or transferred to Secured Party for security and shall be paid directly to Secured Party.&#160; At any time after Secured Party or Debtor gives such notice to an account debtor or other obligor, Secured Party may (but need not), in its own name
        or in Debtor's name, demand, sue for, collect or receive any money or property at any time payable or receivable on account of, or securing, any such Chattel Paper, Account, or other right to payment, or grant any extension to, make any compromise
        or settlement with or otherwise agree to waive, modify, amend or change the obligations (including collateral obligations) of any such account debtor or other obligor.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;"><u>Assignment of Insurance</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">. </font> Debtor hereby assigns to Secured Party, as additional security
        for the payment of the Obligations, any and all moneys (including, but not limited to, proceeds of insurance and refunds of unearned premiums) due or to become due under, and all other rights of Debtor under or with respect to, any and all policies
        of insurance covering the Collateral, and Debtor hereby directs the issuer of any such policy to pay any such moneys directly to Secured Party.&#160; After the occurrence of an Event of Default, Secured Party may (but need not), in its own name or in
        Debtor's name, execute and deliver proofs of claim, receive all such moneys, endorse checks and other instruments representing payment of such moneys, and adjust, litigate, compromise or release any claim against the issuer of any such policy.</font></div>
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                <div style="text-align: left; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Security Agreement (Guarantor) &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt; font-family: &quot;Times New Roman&quot;; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></td>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;"><u>Events of Default</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">.</font>&#160; Each of the following occurrences shall constitute an event of default
        under this Agreement (herein called an <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">"Event of Default"</font>):&#160; (a) an Event of Default shall occur under the Loan Agreement; or (b) Debtor shall fail to pay any
        or all of the Obligations when due or (if payable on demand) on demand; or (c) Debtor shall fail to observe or perform any covenant or agreement herein binding on it or under any other Loan Document in favor of or held by Secured Party.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;"><u>Remedies upon Event of Default</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">.</font>&#160; Upon the existence of an Event of Default and at any time
        thereafter, Secured Party may exercise any one or more of the following rights and remedies: (a) declare all unmatured Obligations to be immediately due and payable, and the same shall thereupon be immediately due and payable, without presentment
        or other notice or demand; (b) exercise and enforce any or all rights and remedies available upon default to a secured party under the UCC, including, but not limited to, the right to take possession of any Collateral, proceeding without judicial
        process or by judicial process, and the right to sell, lease or otherwise dispose of any or all of the Collateral, and in connection therewith, Secured Party may require Debtor to make the Collateral available to Secured Party at a place to be
        designated by Secured Party which is reasonably convenient to both parties and if notice to Debtor of any intended disposition of Collateral or any other intended action is required by law in a particular instance, such notice shall be deemed
        commercially reasonable if given (in the manner specified in Section 9) at least ten (10) days prior to the date of intended disposition or other action; and/or (c) exercise or enforce any or all other rights or remedies available to Secured Party
        by law and/or in accordance with this Agreement and the other Loan Documents agreement against the Collateral, against Debtor or against any other person or property.&#160; Secured Party is hereby granted a nonexclusive, worldwide and royalty-free
        license to use or otherwise exploit all intellectual property rights owned by or licensed to Debtor that Secured Party deems necessary or appropriate to the disposition of any Collateral.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;"><u>Other Personal Property</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">.</font>&#160; Unless at the time Secured Party takes possession of any tangible
        Collateral, or within ten (10) days thereafter, Debtor gives written notice to Secured Party of the existence of any goods, papers or other property of Debtor, not affixed to or constituting a part of such Collateral, but which are located or found
        upon or within such Collateral, describing such property, Secured Party shall not be responsible or liable to Debtor for any action taken or omitted by or on behalf of Secured Party with respect to such property.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;"><u>Notices; Requests for Accounting</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">.</font>&#160; All notices and other communications hereunder shall be
        in writing and shall be (a) personally delivered, (b) sent by first class United States mail, (c) sent by overnight courier of national reputation or (d) transmitted by telecopy or facsimile or other electronic transmission, in each case addressed
        or telecopied or sent by facsimile or other electronic transmission to the party to whom notice is being given at its address or telecopier or facsimile number (or other address for electronic transmission) as set forth below its signature or, as
        to each party, at such other address or telecopier or facsimile number (or other address for electronic transmission) as may hereafter be designated by such party in a written notice to the other party complying as to delivery with the terms of
        this Section.&#160; All such notices, requests, demands and other communications shall be deemed to have been given on (a) the date received if personally delivered, (b) when deposited in the mail if delivered by mail, (c) the date sent if sent by
        overnight courier, or (d) the date of transmission if delivered by telecopy, facsimile or other electronic transmission.&#160; All requests under Section 9-210 of the UCC (a) shall be made in a writing signed by an authorized person, (b) shall be
        personally delivered, sent by registered or certified mail, return receipt requested, or by overnight courier of national reputation (b) shall be deemed to be sent when received by Secured Party and (d) shall otherwise comply with the requirements
        of Section 9-210.&#160; Debtor requests that Secured Party respond to all such requests which on their face appear to come from an authorized individual and releases Secured Party from any liability for so responding.&#160; Debtor shall pay Secured Party the
        maximum amount allowed by law for responding to such requests.</font></div>
    <div>&#160; </div>
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              <td style="width: 48%;">
                <div style="text-align: left; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Security Agreement (Guarantor) &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt; font-family: &quot;Times New Roman&quot;; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></td>
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    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">10.</font>&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
          font-family: 'Times New Roman'; font-weight: bold;"><u>Miscellaneous</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">.</font>&#160; This Agreement has been duly and validly authorized by all necessary
        corporate action.&#160; This Agreement does not contemplate a sale of Accounts or Chattel Paper.&#160; This Agreement can be waived, modified, amended, terminated or discharged, and the Security Interest can be released, only explicitly in an authorization
        signed by Secured Party, and, in the case of amendment or modification, in an authorization signed by Debtor.&#160; A waiver signed by Secured Party shall be effective only in the specific instance and for the specific purpose given.&#160; Mere delay or
        failure to act shall not preclude the exercise or enforcement of any of Secured Party's rights or remedies.&#160; All rights and remedies of Secured Party shall be cumulative and may be exercised singularly or concurrently, at Secured Party's option,
        and the exercise or enforcement of any one such right or remedy shall neither be a condition to nor bar the exercise or enforcement of any other.&#160; Secured Party's duty of care with respect to Collateral in its possession (as imposed by law) shall
        be deemed fulfilled if Secured Party exercises reasonable care in physically safekeeping such Collateral or, in the case of Collateral in the custody or possession of a bailee or other third person, exercises reasonable care in the selection of the
        bailee or other third person, and Secured Party need not otherwise preserve, protect, insure or care for any Collateral.&#160; Secured Party shall not be obligated to preserve any rights Debtor may have against prior parties, to realize on the
        Collateral at all or in any particular manner or order, or to apply any cash proceeds of Collateral in any particular order of application.&#160; This Agreement shall be binding upon and inure to the benefit of Debtor and Secured Party and their
        respective successors and assigns and shall take effect when signed by Debtor and delivered to Secured Party, and Debtor waives notice of Secured Party's acceptance hereof.&#160; Secured Party may execute this Agreement if appropriate for the purpose of
        filing, but the failure of Secured Party to execute this Agreement shall not affect or impair the validity or effectiveness of this Agreement.&#160; This Agreement shall be governed by and construed in accordance with the substantive laws (other than
        conflict laws) of the State of New Jersey.&#160; If any provision or application of this Agreement is held unlawful or unenforceable in any respect, such illegality or unenforceability shall not affect other provisions or applications which can be given
        effect and this Agreement shall be construed as if the unlawful or unenforceable provision or application had never been contained herein or prescribed hereby.&#160; All representations and warranties contained in this Agreement shall survive the
        execution, delivery and performance of this Agreement and the creation and payment of the Obligations.&#160; The parties hereto hereby (a) consent to the personal jurisdiction of the state and federal courts located in the State of New Jersey in
        connection with any controversy related to this Agreement, (b) waive any argument that venue in any such forum is not convenient, (c) agree that any litigation initiated by Secured Party or Debtor in connection with this Agreement or the other Loan
        Documents may be venued in either the state or federal courts located in New Jersey and (d) agree that a final judgment in any such suit, action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or
        in any other manner provided by law.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING
        BASED ON OR PERTAINING TO THIS AGREEMENT.</font></div>
    <div>&#160;</div>
    <div style="text-align: center; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">[signatures on next page]</font></div>
    <div>&#160; </div>
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                <div style="text-align: left; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Security Agreement (Guarantor) &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt; font-family: &quot;Times New Roman&quot;; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></td>
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    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.</font></div>
    <div>&#160;<br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">NORTH MILL CAPITAL LLC</div>
          </td>
          <td style="width: 10.31%; vertical-align: top;" rowspan="1" colspan="2">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="vertical-align: top;" rowspan="1" colspan="2">
            <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">AMERI HOLDINGS, INC.</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" rowspan="1" colspan="2">&#160;&#160;</td>
          <td style="width: 10.31%; vertical-align: top;" rowspan="1" colspan="2">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 42.22%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.11%; vertical-align: top; padding-bottom: 2px;" rowspan="1" colspan="1">
            <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">By:</div>
          </td>
          <td style="width: 38.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
            <div style="text-align: left; margin-left: 18pt;"><font style="font-family: &quot;Times New Roman&quot;; font-size: 10pt;">/s/ Beatriz Hernandez</font></div>
          </td>
          <td style="width: 5.16%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">&#160;</td>
          <td style="width: 5.16%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top; padding-bottom: 2px;" rowspan="1">
            <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">By:</div>
          </td>
          <td style="width: 42.22%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
            <div style="text-align: left; margin-left: 18pt;"><font style="font-family: &quot;Times New Roman&quot;; font-size: 10pt;">/s/ Brent Vernon Kelton</font></div>
          </td>
        </tr>

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        <tr>
          <td style="width: 3.11%; vertical-align: top; padding-bottom: 2px;" rowspan="1" colspan="1"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></td>
          <td style="width: 38.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
            <div style="margin-left: 9pt"> <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">Beatriz Hernandez</font></font></div>
          </td>
          <td style="width: 10.31%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top; padding-bottom: 2px;" rowspan="1"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></td>
          <td style="width: 42.22%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
            <div style="margin-left: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Brent Vernon Kelton</font></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.11%; vertical-align: top; padding-bottom: 2px;" rowspan="1" colspan="1"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></td>
          <td style="width: 38.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
            <div style="margin-left: 9pt"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">Executive Vice President</font></font></div>
          </td>
          <td style="width: 10.31%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top; padding-bottom: 2px;" rowspan="1"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></td>
          <td style="width: 42.22%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
            <div style="margin-left: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Chief Executive Officer</font> <br>
              </font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1" colspan="1">&#160;</td>
          <td style="width: 38.13%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 10.31%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 42.22%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1" colspan="2"><font style="font-size: 10pt; font-family: 'Times New Roman';">Address:</font></td>
          <td style="width: 10.31%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1" colspan="2"><font style="font-size: 10pt; font-family: 'Times New Roman';">Address:</font></td>
        </tr>
        <tr>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1" colspan="2">&#160;&#160;</td>
          <td style="width: 10.31%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1" colspan="2">&#160;&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1" colspan="2"><font style="font-size: 10pt; font-family: 'Times New Roman';">821 Alexander Road, Suite 130</font></td>
          <td style="width: 10.31%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1" colspan="2">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5000 Research Court, Suite 750</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1" colspan="2"><font style="font-size: 10pt; font-family: 'Times New Roman';">Princeton, New Jersey&#160; 08540</font></td>
          <td style="width: 10.31%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 3.11%; vertical-align: top;" rowspan="1" colspan="2">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Suwanee, Georgia&#160; 30024</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div> </div>
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              <td style="width: 48%;">
                <div style="text-align: left; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Security Agreement (Guarantor) &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt; font-family: &quot;Times New Roman&quot;; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></td>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">EXHIBIT A</font></div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>LOCATION OF COLLATERAL</u></font></font></div>
    <div>&#160;</div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5000 Research Court, Suite 750</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Suwanee, GA&#160; 30024</font></div>
    <div style="text-align: justify;"><br>
    </div>
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              <td style="width: 48%;">
                <div style="text-align: left; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Security Agreement (Guarantor) &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt; font-family: &quot;Times New Roman&quot;; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></td>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">EXHIBIT B</font></div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>REAL ESTATE DESCRIPTION</u></font></font></div>
    <div>&#160;</div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5000 Research Court, Suite 750</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Suwanee, GA&#160; 30024</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
    <div> </div>
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            <tr>
              <td style="width: 48%;">
                <div style="text-align: left; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Security Agreement (Guarantor) &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt; font-family: &quot;Times New Roman&quot;; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></td>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">EXHIBIT C</font></div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>PERMITTED LIENS</u></font></font></div>
    <div>&#160;</div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">None.</font></div>
    <div>&#160; </div>
    <div> <br>
    </div>
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        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="z93718c90678949afbdc6cbccd24e83b0">

            <tr>
              <td style="width: 48%;">
                <div style="text-align: left; font-family: &amp;quot; font-size: 8pt;">Ameri100 - Security Agreement (Guarantor) &#8211; EXECUTION VERSION</div>
              </td>
              <td style="width: 52%;"><font style="font-size: 8pt; font-family: &quot;Times New Roman&quot;; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></td>
            </tr>

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<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>ex10_5.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;"> Exhibit 10.5</font><br>
  </div>
  <div style="text-align: left;"><br>
    <div style="text-align: center;"><font style="font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;"><u>INDEMNIFICATION AGREEMENT</u></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">THIS INDEMNIFICATION AGREEMENT</font> (the &#8220;Agreement&#8221;)
        is made and entered into as of January [__], 2019, by and between AMERI Holdings, Inc., a Delaware corporation (the &#8220;Company&#8221;), and ______________________ (the &#8220;Indemnitee&#8221;).</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>RECITALS:</u></font></font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, the Indemnitee is a Director and/or
        Officer of the Company;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, Article NINTH of the Company&#8217;s
        Certificate of Incorporation and Article EIGHTH of the Company&#8217;s Amended and Restated Bylaws provide for indemnification of Directors and Officers acting on behalf of the Company; and</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, Section 145 of the Delaware General
        Corporation Law (the &#8220;Statute&#8221;) specifically provides that the indemnification provided by the Statute is not exclusive; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, the following subsidiaries of the
        Company have applied to North Mill Capital LLC (&#8220;Lender&#8221;) for a $10,000,000 revolving credit facility (the &#8220;Credit Facility&#8221;): Ameri100 California Inc., Ameri100 Arizona LLC, Ameri100 Georgia Inc. and Ameri and Partners, Inc. (collectively, the
        &#8220;Borrowers&#8221;); and</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, in order to induce Lender to (i) extend a
        certain revolving credit facility to Borrowers and (ii) consummate a closing under a certain Loan and Security Agreement by and between Borrowers and Lender (the &#8220;Loan Agreement&#8221;) and the related agreements and documents as described therein
        (together with the Loan Agreement, as each of the same may hereafter be amended, modified, supplemented, substituted, extended or renewed from time to time, collectively, the &#8220;Loan Documents&#8221;), Lender requires that the Indemnitee enter into a
        certain Validity Guaranty Agreement with Management Support and Liquidation Assistance Agreement (the &#8220;Validity Agreement&#8221;); and</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">WHEREAS, in connection with the Credit Facility, the Company has applied to seek Directors and Officers Liability Insurance (&#8220;D&amp;O
        Insurance&#8221;) coverage for certain liabilities arising out of or related to the obligations under the Credit Facility and Validity Guarantee which may be incurred by the Indemnitee in the performance of his services as a director or officer of the
        Company; and</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">WHEREAS, as a result of developments affecting the terms, scope and availability of D&amp;O Insurance, there exists general uncertainty as
        to the extent and overall desirability of protection afforded to Indemnitee by such D&amp;O Insurance, if any, and by statutory and bylaw indemnification provisions; and</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, in order to induce the Indemnitee to
        enter into the Validity Guarantee, the Company has determined and agreed to enter into this Agreement with the Indemnitee.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NOW THEREFORE, </font>in consideration of the
        Indemnitee&#8217;s service as a director or officer and for entering into the Validity Agreement for the benefit of the Company and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto,
        intending to be legally bound, hereby agree as follows:</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.&#160; &#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Indemnification</u></font>.&#160; The Company agrees to
        indemnify the Indemnitee to the fullest extent now or hereafter permitted by applicable law (including, without limitation, the indemnification permitted by the Statute) in the event that the Indemnitee (i) is liable for any monetary payment due to
        Lender arising out of or related to the Validity Agreement for any reason or (ii) was or is made or is threatened to be made a party to or a witness in any threatened, pending or completed action, suit, proceeding or appeal, whether civil,
        criminal, administrative or investigative, relating to the Validity Agreement, against all monetary amounts owed to Lender and all reasonable expenses (including attorneys&#8217; fees and disbursements), judgments, fines (including excise taxes and
        penalties) and amounts paid in settlement actually and reasonably incurred by the Indemnitee in connection with any action, suit, proceeding or appeal.&#160; This Agreement is intended to cover all monetary amounts owed under and all actions, suits,
        proceedings and appeals arising out of or connected with the Indemnitee&#8217;s obligations under the Validity Agreement which arise in the future, even if the Indemnitee is no longer associated with the Company when such amount becomes owed or such
        action, suit, proceeding or appeal arises or is threatened.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"> <br>
      </font></div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 1 -</font></div>
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    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.&#160; &#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Advance Payment of Expenses</u></font>.&#160; Expenses incurred
        by the Indemnitee in connection with any action, suit, proceeding or appeal, as described herein, shall be paid by the Company in advance of the final disposition of such action, suit, proceeding or appeal within thirty (30) days of Company&#8217;s
        receipt of any invoice for reasonable and actual expenses incurred by Indemnitee; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>however</u></font>,
        Indemnitee has within ten (10) days after the Company&#8217;s request, executed a written agreement satisfactory to the Company&#8217;s counsel to repay all such amounts it if is ultimately determined that he is not entitled to be indemnified by the Company
        under applicable law. Notwithstanding the foregoing, the Company shall not be required to advance expenses for the defense of Indemnitee for any cause of action that relate to activities that the Company in its good faith determines are outside the
        scope of the duties required of Indemnitee under this Agreement, including without limitation, causes of action such as sexual harassment, personal torts and the like.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.&#160; &#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u> Partial Indemnification</u></font>.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)&#160; &#160; &#160; &#160; &#160;&#160; The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which the Indemnitee may be
        entitled under the Company&#8217;s Certificate of Incorporation, its Bylaws, any agreement, any vote of shareholders or Directors, applicable law or otherwise, both as to action in the Indemnitee&#8217;s official capacity and as to action in another capacity
        while holding such directorship or office, where he acts or acted in that capacity at the Company&#8217;s request.</font></div>
    <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)&#160; &#160; &#160; &#160; &#160;&#160; If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion
        of the expenses, judgments, fines or penalties actually or reasonable incurred by the Indemnitee in the preparation, investigation defense, appeal or settlement of any civil or criminal action, suit, proceeding or appeal, but not, however, for the
        total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion of such expenses, judgments, fines or penalties to which the Indemnitee is entitled.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.&#160; &#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Contribution</u></font>.&#160; If the indemnification provided
        in Section 1 hereof may not be paid to the Indemnitee under applicable law, then in any threatened, pending or completed action, suit, proceeding or appeal in which the Company is jointly liable with the Indemnitee, the Company shall contribute to
        the amount of reasonable expenses (including attorneys&#8217; fees and disbursements), judgments, fines (including expense taxes and penalties) and amounts paid in settlement actually and reasonably incurred and paid or payable by the Indemnitee in such
        proportion as is appropriate to reflect (a) the relative benefits received by the Company on the one hand and the Indemnitee on the other hand from the transaction from which such action, suit, proceeding or appeal arise, and (b) the relative fault
        of the Company on the one hand and of the Indemnitee on the other in connection with the events which resulted in such expenses, judgments, fines or settlement amounts, as well as any other relevant equitable considerations. The relative fault of
        the Company on the one hand and of the Indemnitee on the other shall be determined by reference to, among other things, the parties&#8217; relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting
        in such expenses, judgments, fines or settlement amounts.&#160; The Company agrees that it would not be just and equitable if contribution pursuant to this Section 3 were determined by pro rata allocation or any other method of allocation which does not
        take account of the foregoing equitable considerations.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.&#160; &#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Exclusions</u></font>.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="background-color: #FFFFFF; font-size:
          10pt; font-family: 'Times New Roman';">Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement to indemnify the Indemnitee on account that the Indemnitee&#8217;s conduct is
          finally adjudicated to have been knowingly fraudulent or deliberately dishonest, or to have constituted willful or intentional misconduct.</font></font></div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="background-color: #FFFFFF; font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></font></div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 2 -</font></div>
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    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)&#160; &#160; &#160; &#160; &#160;&#160; The Company shall not be liable to make any payment hereunder (whether in the nature of indemnification or contribution) to
        the extent payment is actually made to the Indemnitee under an insurance policy (an &#8220;Insurance Policy&#8221;) or any other method outside of this Agreement. Before payment is reasonable expended to be made under an Insurance Policy or such other method,
        if the Indemnitee is required to pay any amount that the Company would otherwise be obligated to pay except for the exclusion in this subparagraph (b), the Company shall promptly advance the amount the Indemnitee is required to pay for which the
        Company is liable hereunder. In the event that the Company makes any advance to the Indemnitee under this subparagraph (b), the Indemnitee shall promptly execute an assignment, if a form satisfactory to the Company&#8217;s counsel, under which the funds
        the Indemnitee later receives under such Insurance Policy or such other method are assigned to the Company in an amount not to exceed the amount which the Company advanced pursuant to this subparagraph (b).</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)&#160; &#160; &#160; &#160; &#160;&#160; The Company shall not be liable hereunder for any amounts paid in settlement of a proceedings effected without its prior
        written consent, which shall not be unreasonably withheld.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.&#160; &#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Term</u></font>.&#160; All obligations of the Company contained
        herein shall continue (a) until both parties agree in writing to terminate this Agreement, or (b) as long as the Indemnitee remains subject to any possible claim or threatened, pending or completed action, suit, proceeding or appeal, whether civil,
        criminal, administrative or investigative, arising out of the Validity Agreement.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.&#160; &#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Enforcement</u></font>.&#160; In the event the Indemnitee is
        required to bring any action to enforce rights or to collect funds due under this Agreement and is successful in such action, the Company shall reimburse the Indemnitee for all of the Indemnitee&#8217;s reasonable expenses (including attorneys&#8217; fees and
        disbursements) in bringing and pursuing such action. The burden of proving that indemnification or advances are not reasonable shall be on the Company.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.&#160; &#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Obligations of the Indemnitee</u></font>.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)&#160; &#160; &#160; &#160; &#160;&#160; Promptly after receipt by the Indemnitee of notice of the commencement of any action, suit, proceeding or appeal in which the
        Indemnitee is made or is threatened to be made a part or a witness, the Indemnitee shall notify the Company in writing of the commencement of such action, suit, proceeding or appeal, but the Indemnitee&#8217;s failure to notify the Company shall not
        relieve the Company from any obligation to indemnify or advance expenses to the Indemnitee under this Agreement, except to the extent such delay in providing notice has caused actual damages to the Company through prejudice to the Company&#8217;s rights
        or its ability to defend the action, suit, proceeding or appeal.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)&#160; &#160; &#160; &#160; &#160;&#160; The Indemnitee shall reimburse the Company for all or an appropriate portion of the expenses advanced to the Indemnitee
        pursuant to Section 2 above if it is finally judicially adjudicated that the Indemnitee is not entitled to be indemnified, or not entitled to be fully indemnified because of indemnification in the particular circumstances is not permitted under
        applicable law.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)&#160; &#160; &#160; &#160; &#160;&#160; The Indemnitee shall not settle any claim or action in any manner which would impose on the Company any penalty, constraint,
        or obligation to hold harmless or indemnify the Indemnitee pursuant to this Agreement without the Company&#8217;s prior written consent, which shall not be unreasonably withheld.</font></div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 3 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">9.&#160; &#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Defense of Claim</u></font>.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)&#160; &#160; &#160; &#160; &#160;&#160; Except as otherwise provided below, in the case of any action, suit, proceeding or appeal commenced against the Indemnitee,
        the Company shall be entitled to participate therein at its own expense and, to the extent that it may wish, to assume the defense thereof.&#160; If the Company wishes to assume the defense of any action, suit, proceeding or appeal hereunder, the
        Company must give written notice to the Indemnitee of such assumption of defense and of its choice of counsel.&#160; Such choice of counsel must be approved in writing by the Indemnitee in his sole discretion, which will not be unreasonably withheld,
        before the Company&#8217;s assumption of defense hereunder may proceed.&#160; After notice from the Company to Indemnitee of its election to assume the defense of any action, suit, proceeding or appeal and the Indemnitee&#8217;s approval of the Company&#8217;s choice of
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        indemnify the Indemnitee for all reasonable legal fees and other reasonable expenses, but the Company shall not be liable for any settlement or negotiated disposition of such action, suit, proceeding or appeal or any part thereof effected without
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    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.&#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Severability</u></font>.&#160; In any provision of this Company
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    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">11.&#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Notices</u></font>.&#160; Any notices or other communications
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          <td style="width: 6%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">the Company:</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">AMERI Holdings, Inc.</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5000 Research Court, Suite 750</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Suwanee, Georgia 30024</font></div>
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        <tr>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">or to such other address as either party may specify by written notice to the other party.</font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">IN WITNESS WHEREOF</font>, the parties hereto have
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        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
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        <tr>
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          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
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        </tr>
        <tr>
          <td style="width: 49.99%; vertical-align: top;">&#160;</td>
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        </tr>

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      <div><br>
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        <tr>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">INDEMNITEE:</font></div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">&#160;</td>
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        </tr>
        <tr>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Address:</font></div>
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    <div style="text-align: center;"><font style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 5 -</font></div>
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