Greenwood Hall, Inc. Watch

from 10-K ~1 page 1. California United Bank (“Bank”) Holds a Note Executed by Pcs Link Inc. (“Borrower”) in the Original Principal Amount of $1,250,000 Evidenced by the Following: I) a Loan in the Original Principal Amount of $1,250,000 Pursuant to the Terms of the Promissory Note Dated as of October 21, 2010 (‘‘Note”) Executed by Borrower to the Order of Bank II) to Secure Borrower’s Obligations to Bank, Borrower Executed and Delivered That Commercial Security Agreement Dated as of October 21, 2010 (“Security Agreement”) Executed by Borrower to the Order of Bank. Pursuant to the Security Agreement, Bank Has a Valid, Perfected Lien Upon the Collateral. 2. the Current Balance Due as of October 7, 2016 Is: Principal $ 876,250.34 Accrued Unpaid Interest $ 74,625.52 Demand Fee 50.00 Ucc-Termination Fee 45.00 Legal Fees (Appx) 50,000.00 Extension Fee 10,000.00 Total $ 1,010,970.86 3. the Bank Has Agreed to Issue a Release of the Collateral Securing the Loan, When Bank Receives the Following

from 10-K 54 pages Loan and Security Agreement by and Between Moriah Education Management LLC as Lender, and Greenwood Hall, Inc., and Pcs Link, Inc. Jointly and Severally, as Borrower Dated: October __, 2016

from 8-K 53 pages Loan and Security Agreement by and Between Moriah Education Management LLC as Lender, and Greenwood Hall, Inc., and Pcs Link, Inc. Jointly and Severally, as Borrower Dated: October __, 2016

from 10-K 2 pages Change in Terms Agreement Original Principal: $1,250,000.00 Loan Date: October 21, 2010 Effective Date of This Agreement: September 15, 2015 Borrower: Pcs Link, Inc. Lender: California United Bank

from 10-K 9 pages Third Amendment, Waiver and Ratification Dated as of September 15, 2015 by and Among Pcs Link, Inc. D/B/a Greenwood & Hall, as the Borrower, Greenwood Hall, Inc. and John Hall as the Guarantors, and Opus Bank, as the Bank Re Amended and Restated Credit Agreement Dated as of July 18, 2014 Third Amendment, Waiver and Ratification

from 10-K 6 pages First Amendment, Waiver and Ratification Dated as of December 12, 2014 Among Pcs Link, Inc. D/B/a Greenwood & Hall, as the Borrower, Greenwood Hall, Inc. , as the Guarantor, and Opus Bank as Bank Re Amended and Restated Credit Agreement Dated as of July 18, 2014 First Amendment, Waiver and Ratification

from 10-Q 2 pages Amendment Number Ten to Business Loan Agreement

from 10-Q 2 pages Change in Terms Agreement Original Principal: $1,250,000.00 Loan Date: October 21, 2010 Effective Date of This Agreement: April 13, 2015 Borrower: Pcs Link, Inc. Lender: California United Bank

from 10-Q 9 pages Second Amendment, Waiver and Ratification Dated as of April 13, 2015 Among Pcs Link, Inc. D/B/a Greenwood & Hall, as the Borrower, Greenwood Hall, Inc. as the Guarantor, and Opus Bank, as the Bank Re Amended and Restated Credit Agreement Dated as of July 18, 2014 Second Amendment, Waiver and Ratification

from S-1 6 pages First Amendment, Waiver and Ratification Dated as of December 12, 2014 Among Pcs Link, Inc. D/B/a Greenwood & Hall, as the Borrower, Greenwood Hall, Inc., as the Guarantor, and Opus Bank as Bank Re Amended and Restated Credit Agreement Dated as of July 18, 2014 First Amendment, Waiver and Ratification

from S-1 24 pages Amended and Restated Credit Agreement

from 10-K 6 pages First Amendment, Waiver and Ratification Dated as of December 12, 2014 Among Pcs Link, Inc. D/B/a Greenwood & Hall, as the Borrower, Greenwood Hall, Inc., as the Guarantor, and Opus Bank as Bank Re Amended and Restated Credit Agreement Dated as of July 18, 2014 First Amendment, Waiver and Ratification

from 8-K 24 pages Amended and Restated Credit Agreement