TEKGRAF INC
EX-10.1
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>j2026_ex10d1.htm
<DESCRIPTION>EX-10.1
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<title>Prepared by MERRILL CORPORATION</title>



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<div class="Section1">



<p align="center" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt;

font-weight:bold">CONSULTING AGREEMENT</font></font></u></b></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; AGREEMENT made as

of this 3rd day of July 2001, between Tekgraf Inc. (&#147;TKGF&#148;) with offices

located at 980 Corporate Woods Parkway Vernon Hills, Illinois 60061 and

Piedmont Consulting, Inc. with offices at 3131 Piedmont Road, Suite #205,

Atlanta, Georgia 30305 (the &#147;Consultant&#148;).</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; WHEREAS, TKGF is a

publicly held corporation, and</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; WHEREAS, TKGF

desires to retain Consultant to provide public and investor relations services

for TKGF.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; NOW, THEREFORE, in

consideration of the premises and the mutual covenants hereinafter set forth,

Consultant and TKGF hereby agrees as follows:</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u><font style="font-weight:bold">TERM;

TERMINATION</font></u></b>. This Agreement shall commence on the date hereof

and shall extend thereafter for a period of 1 year.&#160; Thereafter, the parties hereto may renew this Agreement by mutual

consent.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u><font style="font-weight:bold">CONSULTING

SERVICES</font></u></b>.&#160; During the

term of this Agreement, Consultant shall provide public and investor relations

services (collectively, the &#147;Services&#148;) to TKGF, which Services shall be geared

to result in improved stock trading volume, higher stock price multiples, a

broader following by analysts and institutions and new investment

recommendations and providing directly, or managing the delivery of, a wide

range of services, including, but not limited to:</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(a)&#160;&#160; Proactive marketing of TKGF&#146;s common stock

directly to influential security analysts, stockbrokers and portfolio managers

and investors selected from Consultant&#146;s proprietary database of investment

leaders across the country and abroad.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(b)&#160;&#160; Arranging meetings between TKGF&#146;s management

and current and/or potential investors, either in small groups or on a

one-to-one basis, to establish ongoing relationships; and periodically

supplementing these meetings with presentations at investment industry

sponsored forums, through quarterly conference calls, and by quarterly mailings

of our corporate profile.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(c)&#160;&#160; Assisting the companies in gaining media

coverage both locally where the companies have operations nationally.&#160; Consultant will also target certain

Internet, advisory services as well as monitor various other Internet

activities.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(d)&#160;&#160; Establishing a VIP list of analysts, brokers,

portfolio managers, and investors that receive facsimiles and email addresses

of news releases, facsimile notification of conference calls and mailings of

TKGF&#146;s 10K&#146;s and 10Q&#146;s plus annual and any corporate updates. <br clear="all" style="page-break-before:always"></font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(e)&#160;&#160; Establishing a broader news distribution list

for direct facsimile and email addresses of TKGF.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(f)&#160;&#160;&#160; Assisting and/or advising in the authoring

of press releases, including monitoring wire service coverage of TKGF for

accuracy and pickup.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(g)&#160;&#160; Preparing presentations relating to TKGF for

meetings with analysts, stock brokers, portfolio managers, and any large

investors, as well as any sponsored forums.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(h)&#160;&#160; Assisting in preparing information kits about

TKGF in response to press and/or investor inquiries.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(i)&#160;&#160;&#160; Advising with TKGF&#146;s management concerning

marketing ideas, investor profile information, methods of expanding TKGF&#146;s

investor support and increasing investor awareness of TKGF and their products

and/or services.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(j)&#160;&#160;&#160; Creating literature (including layout,

printing and distribution to Consultant&#146;s list of investors and stockbrokers)

describing TKGF&#146;s business, products, marketing plans and financial potential.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(k)&#160;&#160; Providing such other Services and assistance

as Consultant and TKGF shall deem necessary or appropriate to enhance TKGF&#146;s

business.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u><font style="font-weight:bold">APPROVAL OF INFORMATION</font></u></b>.&#160; All information disseminated by Consultant

regarding TKGF shall be derived from information provided by TKGF to Consultant

(the &#147;Information&#148;).&#160; Consultant will

obtain TKGF&#146;s prior approval to distribution or dissemination of all

Information.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u><font style="font-weight:bold">COMPENSATION</font></u></b>.&#160; Subject to Consultant&#146;s compliance with the terms and conditions

herein set forth, and in full consideration of the Services provided by

Consultant hereunder, TKGF shall pay to Consultant, as its consulting fee (the

&#147;Fee&#148;), and Consultant shall accept as full payment thereof, a fee consisting

of:</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(a)&#160;&#160; TKGF agrees to pay Piedmont Consulting, Inc.

a $6,000 monthly consulting fee to cover expenses.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(b)&#160;&#160; TKGF agrees to issue 60,000 Class A Common

Shares of TKGF (&#147;TKGF Common Shares&#148;) resalable pursuant to Rule 144 to

Piedmont Consulting, Inc. as follows:</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:114.0pt;margin-right:0in;margin-top:0in;text-indent:-15.0pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">1.&#160;&#160;&#160; Within the term of the Agreement, 30,000

shares will be issued upon the stock trading at $1.00 or higher for 10 trading

days and the remaining 30,000 will be issued upon the stock trading at $1.50 or

higher for 10 trading days. <br clear="all" style="

page-break-before:always"></font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:99.0pt;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:117.0pt;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">2.&#160;&#160;&#160;&#160; If the stock does not trade above $1.00 as

described above (or maintain NASD listing) Piedmont would not receive these

shares unless term of Agreement extended by TKGF.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:99.0pt;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:117.0pt;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">3.&#160;&#160;&#160;&#160; If issued, TKGF will grant standard

piggyback registration rights.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:99.0pt;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:117.0pt;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">4.&#160;&#160;&#160;&#160; All TKGF Common Shares shall be re-saleable

pursuant to Rule 144 (after the lapse of the applicable holding period).</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(c)&#160;&#160; TKGF agrees to issue warrants, exercisable at

$1.15 per TKGF Common Share, for the purchase of 60,000 TKGF Common Shares,

subject to the following:</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.5in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The warrants shall carry a two (2)

year term;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.5in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The TKGF Common Shares subject to the

warrants shall be resalable pursuant to Rule 144</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.5in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; All shares issued shall contain

standard piggyback registration rights.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.5in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">(d)&#160;&#160; TKGF agrees

to pay Piedmont Consulting, Inc. a &#147;finders fee&#148; equal to 2% of any successful

financing or successful acquisition directly referred by Piedmont Consulting,

Inc.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u><font style="font-weight:bold">PERSONNEL</font></u></b>.&#160; Consultant is, and shall be, an independent

contractor, and no personnel utilized by Consultant in providing Services

hereunder (the &#147;Personnel&#148;) shall be deemed to be an employee or agent of TKGF.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">Moreover, neither

consultant nor any such Personnel shall be empowered hereunder to act on behalf

of TKGF.&#160; Consultant shall have sole and

exclusive responsibility and liability for, and to, such Personnel, and Consultant

alone shall be responsible to make, and shall make, all necessary or

appropriate employee contributions, withholdings and payments for all taxes,

insurance premiums, and social security contributions to be collected,

withheld, filed and paid with respect to all such Personnel; whether pursuant

to any social security, unemployment insurance, worker&#146;s compensation law or

other federal, state, or local law now in force and effect, or hereinafter

enacted.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u><font style="font-weight:bold">NON-ASSIGNABILITY</font></u></b>.&#160; The rights, obligations and benefits

established by this Agreement shall not be assignable by either party

hereto.&#160; This Agreement shall, however,

be binding upon and shall inure to the benefits of the parties and their

successors. <br clear="all" style="page-break-before:

always"></font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u><font style="font-weight:bold">CONFIDENTIALITY</font></u></b>.&#160; Neither Consultant nor any of the Personnel,

its consultants, other employees, or officers or directors shall disclose any

knowledge or information it has, or they have obtained in the course of

performing the Services provided for herein, which knowledge or information

concerns the confidential affairs of TKGF with respect to TKGF&#146;s business or

finances.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u><font style="font-weight:bold">COMPLIANCE

AND GOVERNING LAW</font></u></b>.&#160;

Consultant, together with its agents, employees and associates, shall

take all necessary, appropriate and reasonable steps to provide the Services in

accordance with both the securities laws of the United States and the several

States, and pursuant to the rules and regulations promulgated thereunder, as

well as in accordance with the rules and regulations of the National

Association of Securities Dealers, and Consultant agrees to indemnify and hold

harmless TKGF for any violation of the foregoing.&#160; The terms and provisions of this Agreement will be enforced in

accordance with the laws of the State of Georgia, without regard to its

conflicts of law principles.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u><font style="font-weight:bold">NOTICE</font></u></b>.&#160; Notice hereunder shall be in writing and

shall be deemed to have been given (a) at a time when deposited for mailing in

a receptacle under the control of the United States Postal Service, by

registered or certified mail, prepaid, return receipt requested, or (b) on the

business day following deposit with a reputable overnight courier for overnight

delivery; each addressed to the respective party at the address as such party

may fix by notice given pursuant to this paragraph.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u><font style="font-weight:bold">NO OTHER AGREEMENTS</font></u></b>.&#160; This Agreement supersedes all prior

understandings, written or orally given including without limitation the

agreement dated April 30, 2001, which is hereby terminated and constitutes the

entire Agreement between the parties hereto with respect to the subject matter

hereof.&#160; No waiver, modification or

termination of this Agreement shall be valid unless in writing signed by each

of the parties hereto.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold">IN WITNESS

THEREOF</font></b>, the parties have hereunto set their hands and seal the day

and year first above written.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<table width="93%" style="width:93.22%;

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  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">PIEDMONT

  CONSULTING, INC.</font></font></b></p>

  </td>

  <td width="45%" colspan="2" valign="top" style="width:45.18%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">TEKGRAF

  INC.</font></font></b></p>

  </td>

 </tr>

 <tr>

  <td width="54%" colspan="3" valign="top" style="width:54.82%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

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  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

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  <td width="6%" valign="top" style="width:6.1%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="55%" colspan="3" valign="top" style="width:55.16%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="38%" valign="top" style="width:38.74%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="6%" valign="top" style="width:6.1%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">By:</font></font></p>

  </td>

  <td width="40%" valign="top" style="width:40.42%;border:none;border-bottom:

  solid windowtext .5pt;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">/s/ Keith Fetter</font></font></p>

  </td>

  <td width="8%" valign="top" style="width:8.3%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="6%" valign="top" style="width:6.44%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">By:</font></font></p>

  </td>

  <td width="38%" valign="top" style="width:38.74%;border:none;border-bottom:

  solid windowtext .5pt;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">/s/ Tom Mason</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="6%" valign="top" style="width:6.1%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="55%" colspan="3" valign="top" style="width:55.16%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">Keith Fetter, President</font></font></p>

  </td>

  <td width="38%" valign="top" style="width:38.74%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">Tom Mason, CFO</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="41" style="border:none"></td>

  <td width="272" style="border:none"></td>

  <td width="56" style="border:none"></td>

  <td width="43" style="border:none"></td>

  <td width="261" style="border:none"></td>

 </tr>

</table>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



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