REVOLVING CREDIT AND SECURITY AGREEMENT THE LENDERS PARTY HERETO (LENDERS) AND PNC BANK, NATIONAL ASSOCIATION (AS LENDER AND AS AGENT) WITH ZANETT, INC. ZANETT COMMERCIAL SOLUTIONS, INC. (BORROWERS) January 27, 2011Revolving Credit and Security Agreement • February 2nd, 2011 • Zanett Inc • Services-business services, nec • New York
Revolving Credit and Security Agreement dated as of January 27, 2011 among ZANETT, INC. a corporation organized under the laws of Delaware (“Zanett”), ZANETT COMMERCIAL SOLUTIONS, INC., a corporation organized under the laws of Delaware that is a wholly-owned subsidiary of Zanett (“ZCS”), all other direct or indirect subsidiaries of Zanett that may from time to time hereafter become party hereto as borrowers (Zanett, ZCS and such other subsidiaries collectively called the “Borrowers” and each a “Borrower”), the financial institutions which are now or which may from time to time hereafter become party hereto as lenders (collectively, the “Lenders” and individually a “Lender”) and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as agent for the Lenders (in such capacity, the “Agent”).
