Attached files
Exhibit 10.5
Mr. Terry
Grant
Chief
Credit Officer
Proficio
Bank
420 E.
South Temple, Suite 520
Salt Lake
City, UT 84111
October
14, 2009
Re: Letter of
Comfort
Dear
Terry:
Please
accept this letter as a formal Letter of Comfort from Knox Lawrence
International, LLC, a Delaware limited liability company (“KLI”), to Proficio
Bank (“Lender”) in relation to the $500,000 revolving line of credit issued by
Lender to Midas Medici Group Holdings, Inc. (“MMGH”) and UtiliPoint
International, Inc. (“UTP”) (UTP and MMGH together as “Borrower”) pursuant to
that certain Revolving Loan Agreement of even date herewith.
As you
are aware, I am the Chief Executive Officer of MMGH and a Managing Principal of
KLI, a New York-based private investment company. As you are also
aware, KLI is a significant shareholder of MMGH, and has historically provided
financial support to UTP. It is the intention of KLI to continue to
provide such financial support as the need arises from time to time until the
public offering of MMGH’s stock, currently anticipated to be on or before
December 31, 2009.
Kind
regards,
/s/
Nana Baffour
Nana
Baffour, CFA
Managing
Principal