ContractTermination, Release and Indemnification Agreement • August 23rd, 2007 • MTM Technologies, Inc. • Services-computer integrated systems design
TERMINATION, RELEASE AND INDEMNIFICATION AGREEMENT, dated as of August 21, 2007 (this “Termination Agreement”), executed in connection with that certain FINANCING AGREEMENT, dated as of June 8, 2005 (as amended, supplemented, restated or otherwise modified from time to time, the “Financing Agreement”), by and among MTM TECHNOLOGIES, INC., a New York corporation (“MTM”), all of MTM’s subsidiaries from time to time party thereto (all such subsidiaries together with MTM, collectively, the “Borrowers”), the financial institutions from time to time party thereto as lenders (collectively, the “Lenders”) and THE CIT GROUP/BUSINESS CREDIT, INC. as agent for the Lenders (in such capacity, “Agent”). Terms which are capitalized in this Termination Agreement and not otherwise defined herein shall have the meanings ascribed to such terms in the Financing Agreement.
