COMMERCIAL LEASE CONTRACT WITH PURCHASE OPTIONCommercial Lease Contract • May 15th, 2008 • Teamstaff Inc • Services-help supply services • Georgia
THIS LEASE (the “Lease”) is made this 27th day of March , 2008, by and between West Walton Properties, Inc., first party, (hereinafter called “Landlord”); having an address of 3869 Highway 81 South, Loganville, Georgia 30052, and Teamstaff Government Solutions, Inc., second party, (hereinafter called “Tenant”); having an address of 533 Plaza Drive, Monroe, Georgia 30655.
AMENDED AND RESTATED LOAN AND SECURITY AGREEMENTLoan and Security Agreement • May 15th, 2008 • Teamstaff Inc • Services-help supply services
This AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT is entered into as of March 28, 2008 between BUSINESS ALLIANCE CAPITAL COMPANY, a division of Sovereign Bank, a federal savings bank (BACC), with an office located at 214 Carnegie Center, Suite 302, Princeton, New Jersey 08540 and TEAMSTAFF INC., a New Jersey corporation (“TSI”), TEAMSTAFF RX, INC., a Texas corporation (“RX”), and TEAMSTAFF GOVERNMENT SOLUTIONS, INC., a Georgia corporation (“TSG”) formerly known as RS Staffing Services, Inc. (TSI, RX, and TGS hereinafter sometimes individually Borrower and collectively Borrowers), with their chief executive office located at 1 Executive Drive, Suite 130, Somerset, New Jersey 08873.
