0000944480-11-000011 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 14th, 2011 • Gse Systems Inc • Services-prepackaged software • Maryland

AGREEMENT, dated as of January 1, 2011, between GSE Systems, Inc. a Delaware corporation with principal executive offices at 1332 Londontown Blvd., Sykesville, MD 21784 (the "Company"), and Lawrence Gordon, residing at 30 Talbot Ct., Short Hills, NJ 07078 ("Employee").

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THIRD AMENDMENT TO LOAN AGREEMENT (Domestic Revolving Line of Credit)
Loan Agreement • March 14th, 2011 • Gse Systems Inc • Services-prepackaged software • Maryland

This Third Amendment to Loan Agreement (this “Amendment”) dated as of March 14, 2011 is between Bank of America, N.A. (the “Bank”) and GSE Systems, Inc., a Delaware corporation (“GSE”), and GSE Power Systems, Inc., a Delaware corporation (“Power”), as co-borrowers (GSE and Power are referred to individually and collectively as, the “Borrower”).

THIRD AMENDMENT TO LOAN AGREEMENT (Ex-Im Bank-Guaranteed Transaction Specific Revolving Line of Credit)
Loan Agreement • March 14th, 2011 • Gse Systems Inc • Services-prepackaged software • Maryland

This Third Amendment to Loan Agreement (this “Amendment”) dated as of March 14, 2011 is between Bank of America, N.A. (the “Bank”) and GSE Systems, Inc., a Delaware corporation (“GSE”), and GSE Power Systems, Inc., a Delaware corporation (“Power”), as co-borrowers (GSE and Power are referred to individually and collectively as, the “Borrower”).

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