Exhibit 10.1 EMPLOYMENT AGREEMENT (this "Agreement"), effective as of September 26, 2006, between LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the "Company"), and Shaun E. McAlmont (the "Executive"). WHEREAS, the Executive is...Employment Agreement • October 2nd, 2006 • Lincoln Educational Services Corp • Services-educational services • New Jersey
CREDIT AGREEMENT Dated as of April 5, 2012 among LINCOLN EDUCATIONAL SERVICES CORPORATION, as the Borrower, THE SUBSIDIARIES OF THE BORROWER IDENTIFIED HEREIN, as the Guarantors, BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and...Credit Agreement • April 11th, 2012 • Lincoln Educational Services Corp • Services-educational services • New York
This CREDIT AGREEMENT is entered into as of April 5, 2012 among LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the “Borrower”), the Guarantors (defined herein), the Lenders (defined herein) and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.
EXHIBIT 10.17 STOCK PURCHASE AGREEMENTStock Purchase Agreement • May 15th, 2006 • Lincoln Educational Services Corp • Services-educational services • New York
PURCHASE AGREEMENTPurchase Agreement • June 28th, 2005 • Lincoln Educational Services Corp • Services-educational services • New York
ContractEmployment Agreement • December 11th, 2020 • Lincoln Educational Services Corp • Services-educational services • New Jersey
EMPLOYMENT AGREEMENT (this “Agreement”), dated as of December 10, 2020, between LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the “Company”), and Scott M. Shaw (the “Executive”).
Credit Agreement Dated as of February 15, 2005 among Lincoln Educational Services Corporation The Guarantors from time to time parties hereto, The Lenders from time to time parties hereto, and Harris Trust and Savings Bank, as Administrative AgentCredit Agreement • March 29th, 2005 • Lincoln Educational Services Corp • New York
This Credit Agreement is entered into as of February 15, 2005, by and among Lincoln Educational Services Corporation, a New Jersey corporation (the “Borrower”), the direct and indirect Subsidiaries of the Borrower from time to time party to this Agreement, as Guarantors, the several financial institutions from time to time party to this Agreement, as Lenders, and Harris Trust and Savings Bank (“HTSB”), as Administrative Agent as provided herein. All capitalized terms used herein without definition shall have the same meanings herein as such terms are defined in Section 5.1 hereof.
LINCOLN EDUCATIONAL SERVICES CORPORATION (a New Jersey corporation) 3,908,000 Shares of Common Stock PURCHASE AGREEMENTPurchase Agreement • December 15th, 2010 • Lincoln Educational Services Corp • Services-educational services • New York
STOCKHOLDERS’ AGREEMENTStockholders’ Agreement • June 28th, 2005 • Lincoln Educational Services Corp • Services-educational services • New York
ContractChange in Control Agreement • November 9th, 2018 • Lincoln Educational Services Corp • Services-educational services • New Jersey
CHANGE IN CONTROL AGREEMENT (this “Agreement”), dated as of November 7, 2018, between LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the “Company”), and STEPHEN M. BUCHENOT (the “Employee”).
INDEMNIFICATION AGREEMENTIndemnification Agreement • November 14th, 2019 • Lincoln Educational Services Corp • Services-educational services • New Jersey
This Indemnification Agreement (this “Agreement”) is made as of this ___ day of _________, 2019, by and between LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the “Company”) and __________________ (the “Indemnitee”).
SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • January 22nd, 2016 • Lincoln Educational Services Corp • Services-educational services • New Jersey
THIS SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made between Lincoln Educational Services Corporation (the “Company”) and Kenneth M. Swisstack (“you”), and is in consideration of their mutual undertakings as set forth in this Agreement.
LINCOLN EDUCATIONAL SERVICES CORPORATION LETTERHEAD] January 14, 2009Employment Agreement • March 13th, 2009 • Lincoln Educational Services Corp • Services-educational services
Reference is made to the Employment Agreement dated as of February 1, 2007 (the “Employment Agreement”), between Lincoln Educational Services Corporation, a New Jersey corporation (the “Company”) and you. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Employment Agreement. It is our mutual intention to amend the Employment Agreement as set forth below, and accordingly, the parties hereto agree as follows:
FOURTH AMENDMENT TO CREDIT AGREEMENTCredit Agreement • April 24th, 2019 • Lincoln Educational Services Corp • Services-educational services • New Jersey
THIS FOURTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made as of this 6th day of March, 2019 by and between LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation; LINCOLN TECHNICAL INSTITUTE, INC.; a New Jersey corporation; NASHVILLE ACQUISITION, L.L.C., a Delaware limited liability company; NEW ENGLAND ACQUISITION, LLC, a Delaware limited liability company; EUPHORIA ACQUISITION, LLC, a Delaware limited liability company; NEW ENGLAND INSTITUTE OF TECHNOLOGY AT PALM BEACH, INC., a Florida corporation; LCT ACQUISITION, LLC, a Delaware limited liability company; NN ACQUISITION, LLC, a Delaware limited liability company and LTI HOLDINGS, LLC, a Colorado limited liability company (individually and collectively, jointly and severally, the “Borrower”), and STERLING NATIONAL BANK (the “Bank”).
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • August 16th, 2017 • Lincoln Educational Services Corp • Services-educational services • Florida
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered into as of the Effective Date, by and between NEW ENGLAND INSTITUTE OF TECHNOLOGY AT PALM BEACH, INC., a Florida corporation (“Seller”) and TAMBONE COMPANIES, LLC, a Florida limited liability company AND/OR ASSIGNS (“Purchaser”). Seller and Purchaser are sometimes referred to herein individually as a “Party”, and collectively as the “Parties”.
CREDIT AGREEMENT BY AND BETWEEN STERLING NATIONAL BANK AND LINCOLN EDUCATIONAL SERVICES CORPORATION; LINCOLN TECHNICAL INSTITUTE, INC.; NASHVILLE ACQUISITION, L.L.C.; NEW ENGLAND ACQUISITION, LLC; EUPHORIA ACQUISITION, LLC; LCT ACQUISITION, LLC; LTI...Credit Agreement • November 14th, 2019 • Lincoln Educational Services Corp • Services-educational services • New Jersey
CREDIT AGREEMENT, dated as of November 14, 2019, by and between LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the “Parent”); LINCOLN TECHNICAL INSTITUTE, INC., a New Jersey corporation; NASHVILLE ACQUISITION, L.L.C., a Delaware limited liability company; NEW ENGLAND ACQUISITION, LLC, a Delaware limited liability company; EUPHORIA ACQUISITION, LLC, a Delaware limited liability company; LCT ACQUISITION, LLC, a Delaware limited liability company; NN ACQUISITION, LLC, a Delaware limited liability company; and LTI HOLDINGS, LLC, a Colorado limited liability company (individually and collectively, the “Borrower”), and STERLING NATIONAL BANK (the “Bank”).
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • June 28th, 2005 • Lincoln Educational Services Corp • Services-educational services • New York
REGISTRATION RIGHTS AGREEMENT, dated as of June 27, 2005 (this “Agreement”), by and between Back to School Acquisition, L.L.C., a limited liability company formed under the laws of the State of Delaware (“Stonington”), and Lincoln Educational Services Corporation, a New Jersey corporation (the “Company”).
LINCOLN EDUCATIONAL SERVICES CORPORATION LETTERHEAD] January 14, 2009Employment Agreement • March 13th, 2009 • Lincoln Educational Services Corp • Services-educational services
Reference is made to the Employment Agreement dated as of February 1, 2007 (the “Employment Agreement”), between Lincoln Educational Services Corporation, a New Jersey corporation (the “Company”) and you. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Employment Agreement. It is our mutual intention to amend the Employment Agreement as set forth below, and accordingly, the parties hereto agree as follows:
CREDIT AGREEMENT BY AND BETWEEN STERLING NATIONAL BANK AND LINCOLN EDUCATIONAL SERVICES CORPORATION; LINCOLN TECHNICAL INSTITUTE, INC.; NASHVILLE ACQUISITION, L.L.C.; SOUTHWESTERN ACQUISITION, L.L.C.; NEW ENGLAND ACQUISITION, LLC; EUPHORIA...Credit Agreement • May 4th, 2017 • Lincoln Educational Services Corp • Services-educational services • New Jersey
CREDIT AGREEMENT, dated as of April 28, 2017, by and between LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the “Parent”); LINCOLN TECHNICAL INSTITUTE, INC.; a New Jersey corporation; NASHVILLE ACQUISITION, L.L.C., a Delaware limited liability company; SOUTHWESTERN ACQUISITION, L.L.C., a Delaware limited liability company; NEW ENGLAND ACQUISITION, LLC, a Delaware limited liability company; EUPHORIA ACQUISITION, LLC, a Delaware limited liability company; NEW ENGLAND INSTITUTE OF TECHNOLOGY AT PALM BEACH, INC., a Florida corporation; LCT ACQUISITION, LLC, a Delaware limited liability company; NN ACQUISITION, LLC, a Delaware limited liability company and LTI HOLDINGS, LLC, a Colorado limited liability company (individually and collectively, the “Borrower”), and STERLING NATIONAL BANK (the “Bank”).
AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTYLease Agreement • September 28th, 2021 • Lincoln Educational Services Corp • Services-educational services • New York
This LEASE AGREEMENT (as amended, supplemented or modified, this “Lease”), made as of this _____ day of _______________, 2021 (the “Effective Date”), between LNT Denver (Multi) LLC, a Delaware limited liability company (together with its successors and assigns “Landlord”), with an address at 888 Seventh Avenue, 4th Floor, New York, New York 10019, and Lincoln Technical Institute, Inc., a New Jersey corporation (together with its successors and permitted assigns, “Tenant”) with an address at __________________________.
SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • December 18th, 2014 • Lincoln Educational Services Corp • Services-educational services • New Jersey
THIS SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made between Lincoln Educational Services Corporation (the “Company”) and Cesar Ribeiro (“you”), and is in consideration of their mutual undertakings as set forth in this Agreement.
CREDIT AGREEMENT by and among LINCOLN EDUCATIONAL SERVICES CORPORATION and its Subsidiaries as Borrowers, THE LENDERS THAT ARE SIGNATORIES HERETO as the Lenders, HPF SERVICE, LLC as the Administrative Agent and Tranche A Collateral Agent, and ALOSTAR...Credit Agreement • August 5th, 2015 • Lincoln Educational Services Corp • Services-educational services • New York
THIS CREDIT AGREEMENT (this “Agreement”), is entered into as of July 31, 2015, by and among LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (“Parent”), and its Subsidiaries that are now or hereafter a party hereto (Parent and such Subsidiaries, each, individually, a “Borrower”, and collectively, “Borrowers”), the lenders identified on the signature pages hereof as Tranche A Lenders (each of such lenders, together with their respective successors and permitted assigns, are referred to hereinafter as a “Tranche A Lender”, as that term is hereinafter further defined), the lenders identified on the signature pages hereof as Tranche B Lenders (each of such lenders, together with their respective successors and permitted assigns, are referred to hereinafter as a “Tranche B Lender”, as that term is hereinafter further defined; each Tranche A Lender and Tranche B Lender is referred to hereinafter, individually, as a “Lender”, as that term is hereinafter further defined), HPF
Standard Form of Restricted Stock Agreement]Restricted Stock Agreement • March 17th, 2008 • Lincoln Educational Services Corp • Services-educational services • New York
This grant of the Restricted Shares shall be subject to the terms and conditions of the Plan and this Award Agreement, including, but not limited to, the transfer restrictions set forth in Section C hereof and the cancellation provisions of Section B hereof. The Plan provides a complete description of the terms and conditions governing all Awards granted thereunder. This Award Agreement is subject to the terms and conditions of the Plan, as amended from time to time, and to such rules and regulations as the Committee may adopt under the Plan. If there is any inconsistency between the Plan and this Award Agreement, the Plan’s terms (or applicable rules and regulations of the Committee) shall control and supersede and replace any terms of this Award Agreement that conflict with the terms of the Plan.
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • December 1st, 2017 • Lincoln Educational Services Corp • Services-educational services • New Jersey
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made as of this 29th day of November, 2017 (the “Effective Date”) by and between LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the “Parent”); LINCOLN TECHNICAL INSTITUTE, INC.; a New Jersey corporation; NASHVILLE ACQUISITION, L.L.C., a Delaware limited liability company; SOUTHWESTERN ACQUISITION, L.L.C., a Delaware limited liability company; NEW ENGLAND ACQUISITION, LLC, a Delaware limited liability company; EUPHORIA ACQUISITION, LLC, a Delaware limited liability company; NEW ENGLAND INSTITUTE OF TECHNOLOGY AT PALM BEACH, INC., a Florida corporation; LCT ACQUISITION, LLC, a Delaware limited liability company; NN ACQUISITION, LLC, a Delaware limited liability company and LTI HOLDINGS, LLC, a Colorado limited liability company (individually and collectively, the “Borrower”), and STERLING NATIONAL BANK (the “Bank”).
Form ofStock Option Agreement • March 29th, 2005 • Lincoln Educational Services Corp • New York
STOCK OPTION AGREEMENT dated as of January 1, 2002 between LINCOLN TECHNICAL INSTITUTE, INC., a New Jersey corporation (the “Company”), and the other party signatory hereto (the “Participant”).
LINCOLN EDUCATIONAL SERVICES CORPORATION (a New Jersey corporation) [ ] Shares of Common Stock PURCHASE AGREEMENTPurchase Agreement • June 7th, 2005 • Lincoln Educational Services Corp • Services-educational services • New York
LINCOLN EDUCATIONAL SERVICES CORPORATIONRestricted Stock Agreement • March 12th, 2013 • Lincoln Educational Services Corp • Services-educational services • New York
This grant of the Restricted Shares shall be subject to the terms and conditions of the Plan and this Award Agreement, including, but not limited to, the transfer restrictions set forth in Section C hereof and the cancellation provisions of Section B hereof. The Plan provides a complete description of the terms and conditions governing all Awards granted thereunder. This Award Agreement is subject to the terms and conditions of the Plan, as amended from time to time, and to such rules and regulations as the Committee may adopt under the Plan. If there is any inconsistency between the Plan and this Award Agreement, the Plan’s terms (or applicable rules and regulations of the Committee) shall control and supersede and replace any terms of this Award Agreement that conflict with the terms of the Plan.
SECOND AMENDMENT TO CREDIT AGREEMENTCredit Agreement • February 26th, 2018 • Lincoln Educational Services Corp • Services-educational services • New Jersey
THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made as of this 23rd day of February, 2018 by and between LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation; LINCOLN TECHNICAL INSTITUTE, INC.; a New Jersey corporation; NASHVILLE ACQUISITION, L.L.C., a Delaware limited liability company; SOUTHWESTERN ACQUISITION, L.L.C., a Delaware limited liability company; NEW ENGLAND ACQUISITION, LLC, a Delaware limited liability company; EUPHORIA ACQUISITION, LLC, a Delaware limited liability company; NEW ENGLAND INSTITUTE OF TECHNOLOGY AT PALM BEACH, INC., a Florida corporation; LCT ACQUISITION, LLC, a Delaware limited liability company; NN ACQUISITION, LLC, a Delaware limited liability company and LTI HOLDINGS, LLC, a Colorado limited liability company (individually and collectively, jointly and severally, the “Borrower”), and STERLING NATIONAL BANK (the “Bank”).
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • June 20th, 2013 • Lincoln Educational Services Corp • Services-educational services • New York
THIS FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of June 18, 2013 (this “Agreement”), is entered into among LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the “Borrower”), the Guarantors party hereto, the Lenders party hereto, and BANK OF AMERICA, N.A., as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement (as defined below).
LINCOLN EDUCATIONAL SERVICES CORPORATIONLincoln Educational Services Corp • May 25th, 2005 • Services-educational services
Reference is made to the Employment Agreement dated January 3, 2005 (the “Employment Agreement”), between Lincoln Educational Services Corporation, a New Jersey corporation (the “Company”) and you. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Employment Agreement. It is our mutual intention to amend the Employment Agreement as set forth below, and accordingly, the parties hereto agree as follows:
MANAGEMENT STOCKHOLDERS AGREEMENTManagement Stockholders Agreement • March 29th, 2005 • Lincoln Educational Services Corp • New York
MANAGEMENT STOCKHOLDERS AGREEMENT (the “Agreement”), dated as of January 1, 2002, by and among LINCOLN TECHNICAL INSTITUTE, INC., a New Jersey corporation (the “Company”), the stockholders and the holders of Options under the Management Stock Option Plan (as such terms are defined below) listed on Schedule I hereto, as such Schedule 1 may be amended from time to time (collectively with their respective Permitted Transferees (as defined below), the “Management Investors” and BACK TO SCHOOL ACQUISITION L.L.C., a Delaware limited liability corporation (“Stonington”).
FOURTH AMENDMENT AND WAIVER TO CREDIT AGREEMENTCredit Agreement • March 10th, 2015 • Lincoln Educational Services Corp • Services-educational services • New York
THIS FOURTH AMENDMENT AND WAIVER TO CREDIT AGREEMENT, dated as of March 4, 2015 (this “Amendment”), is entered into among LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the “Borrower”), the Guarantors party hereto, the Lenders party hereto, and BANK OF AMERICA, N.A., as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement (as defined below).
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • July 23rd, 2024 • Lincoln Educational Services Corp • Services-educational services • New York
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made as of the 28th day of June, 2024 (the “Effective Date”), by and between LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (“Borrower”), and FIFTH THIRD BANK, NATIONAL ASSOCIATION (“Lender”).
THIRD AMENDMENT TO CREDIT AGREEMENTCredit Agreement • January 5th, 2015 • Lincoln Educational Services Corp • Services-educational services • New York
THIS THIRD AMENDMENT TO CREDIT AGREEMENT, dated as of December 29, 2014 (this “Agreement”), is entered into among LINCOLN EDUCATIONAL SERVICES CORPORATION, a New Jersey corporation (the “Borrower”), the Guarantors party hereto, the Lenders party hereto, and BANK OF AMERICA, N.A., as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement (as defined below).
LINCOLN EDUCATIONAL SERVICES CORPORATION LETTERHEAD] January 14, 2009Employment Agreement • March 13th, 2009 • Lincoln Educational Services Corp • Services-educational services
Reference is made to the Employment Agreement dated as of February 1, 2007 (the “Employment Agreement”), between Lincoln Educational Services Corporation, a New Jersey corporation (the “Company”) and you. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Employment Agreement. It is our mutual intention to amend the Employment Agreement as set forth below, and accordingly, the parties hereto agree as follows:
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • August 9th, 2016 • Lincoln Educational Services Corp • Services-educational services • Florida
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered into as of the Effective Date, by and between NEW ENGLAND INSTITUTE OF TECHNOLOGY AT PALM BEACH, INC., a Florida corporation (“Seller”) and SCHOOL PROPERTY DEVELOPMENT METROCENTRE, LLC, a Florida limited liability company AND/OR ASSIGNS (“Purchaser”). Seller and Purchaser are sometimes referred to herein individually as a “Party”, and collectively as the “Parties”.
