INDEMNIFICATION AGREEMENTIndemnification Agreement • June 11th, 2020 • Gse Systems Inc • Services-prepackaged software • Delaware
This Indemnification Agreement (“Agreement”), dated as of [DATE], is by and between GSE Systems, Inc., a Delaware corporation (the “Company”) and [NAME] (the “Indemnitee”).
SECOND AMENDMENT AND REAFFIRMATION AGREEMENTSecond Amendment and Reaffirmation Agreement • June 11th, 2020 • Gse Systems Inc • Services-prepackaged software • Delaware
THIS SECOND AMENDMENT AND REAFFIRMATION AGREEMENT is dated as of May 25, 2018 (this “Agreement”), by and among GSE SYSTEMS, INC., a Delaware corporation (“Parent”), GSE PERFORMANCE SOLUTIONS, INC., a Delaware corporation (“GSE Performance” and collectively with Parent, the “Borrowers” and each a “Borrower”), GSE TRUE NORTH CONSULTING, LLC, a Delaware limited liability company (“True North”), HYPERSPRING, LLC, a Delaware limited liability company (“Hyperspring”), ABSOLUTE CONSULTING, INC., a Delaware corporation (“Absolute” and together with True North and Hyperspring collectively, the “Guarantors” and each a “Guarantor” and together with the Borrowers collectively, the “Loan Parties” and each a “Loan Party”), and CITIZENS BANK, NATIONAL ASSOCIATION (the “Bank”). Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement (as defined below) or the Guaranty (as defined below), as applicable.
Collateral Assignment of Rights Under Escrow AgreementEscrow Agreement • June 11th, 2020 • Gse Systems Inc • Services-prepackaged software • Delaware
WHEREAS, the Assignor has entered into that certain Escrow Agreement, dated as of September 20, 2017, by and among Assignor, Richard D. Linton, as seller representative (the “Seller Representative”), and Delaware Trust Company, as escrow agent (the “Escrow Agent” and together with the Seller Representative, the “Contracting Parties” and each, a “Contracting Party”), attached hereto as Exhibit A (together with all related agreements and documents, as the foregoing may be amended, supplemented or otherwise modified from time to time, the “Escrow Agreement”);
FOURTH AMENDMENT AND REAFFIRMATION AGREEMENTFourth Amendment and Reaffirmation Agreement • June 11th, 2020 • Gse Systems Inc • Services-prepackaged software • Delaware
THIS FOURTH AMENDMENT AND REAFFIRMATION AGREEMENT is dated as of March 20, 2019 (this “ Agreement ”), by and among GSE SYSTEMS, INC., a Delaware corporation (“ Parent ”), GSE PERFORMANCE SOLUTIONS, INC., a Delaware corporation (“ GSE Performance ” and collectively with Parent, the “ Borrowers ” and each a “ Borrower ”), GSE TRUE NORTH CONSULTING, LLC, a Delaware limited liability company (“ True North ”), HYPERSPRING, LLC, a Delaware limited liability company (“ Hyperspring ”), ABSOLUTE CONSULTING, INC., a Delaware corporation (“ Absolute ” and together with True North and Hyperspring collectively, the “ Original Guarantors ” and each an “ Original Guarantor ”), DP ENGINEERING, LLC, formerly DP Engineering Ltd. Co., a Delaware limited liability company (“ DP Engineering ” and together with the Original Guarantors collectively, the “ Guarantors ” and each a “ Guarantor ” and together with the Borrowers collectively, the “ Loan Parties ” and each a “ Loan Party ”), and CITIZENS BANK, NAT
EMPLOYMENT AGREEMENTEmployment Agreement • June 11th, 2020 • Gse Systems Inc • Services-prepackaged software • Maryland
This Employment Agreement, dated as of November 15, 2017 (the “Effective Date”), by and between GSE Systems, Inc., a Delaware corporation with principal executive offices at 1332 Londontown Blvd., Sykesville, MD 21784 (the “Company”), and Paul Abbott, residing at 121 Gentry Drive, Woolwich, NJ 08085 (“Executive”).
