EMPLOYMENT AGREEMENTEmployment Agreement • October 10th, 2013 • LTN Staffing, LLC • Services-help supply services • North Carolina
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made effective as of November 21, 2011, by and between B G Staff Services Inc., a Texas corporation (“Employer”), and Michael Lewis Miller, an individual resident of the State of North Carolina (“Employee”).
ContractLTN Staffing, LLC • October 10th, 2013 • Services-help supply services • Delaware
THIS 14% SENIOR SUBORDINATED NOTE AND THE INDEBTEDNESS EVIDENCED HEREBY ARE SUBORDINATED IN THE MANNER AND TO THE EXTENT SET FORTH IN THAT CERTAIN SUBORDINATION AND INTERCREDITOR AGREEMENT DATED OCTOBER 17, 2007, AS AMENDED THROUGH AND AS OF THE DATE HEREOF, BY AND AMONG LTN ACQUISITION, LLC, THE MAKERS (AS DEFINED BELOW), THE PAYEE (AS DEFINED BELOW), BROOKSIDE PECKS CAPITAL PARTNERS, L.P., BROOKSIDE MEZZANINE FUND L.P. AND FIFTH THIRD BANK (AS HEREAFTER MODIFIED, AMENDED, SUPPLEMENTED AND/OR RESTATED FROM TIME TO TIME, THE “SUBORDINATION AGREEMENT”).
ContractLTN Staffing, LLC • October 10th, 2013 • Services-help supply services • Delaware
THIS 2013 AMENDED AND RESTATED SENIOR SUBORDINATED NOTE AND THE INDEBTEDNESS EVIDENCED HEREBY ARE SUBORDINATED IN THE MANNER AND TO THE EXTENT SET FORTH IN THAT CERTAIN SUBORDINATION AND INTERCREDITOR AGREEMENT DATED OCTOBER 17, 2007, AS AMENDED THROUGH AND AS OF THE DATE HEREOF, BY AND AMONG LTN ACQUISITION, LLC, THE MAKERS (AS DEFINED BELOW), THE PAYEE (AS DEFINED BELOW), BROOKSIDE PECKS CAPITAL PARTNERS, L.P., BROOKSIDE MEZZANINE FUND L.P. AND FIFTH THIRD BANK (AS HEREAFTER MODIFIED, AMENDED, SUPPLEMENTED AND/OR RESTATED FROM TIME TO TIME, THE “SUBORDINATION AGREEMENT”).
ASSET PURCHASE AGREEMENT by and among LTN STAFFING, LLC (d/b/a BG Staffing), as Buyer, INSTAFF HOLDING CORPORATION AND INSTAFF PERSONNEL, LLC, together, as the Sellers, and, solely for the purposes set forth therein, North Texas Opportunity Fund,...Asset Purchase Agreement • October 10th, 2013 • LTN Staffing, LLC • Services-help supply services • Texas
This Asset Purchase Agreement (this “Agreement”), dated as of May 28, 2013, is made and entered into by and among LTN Staffing, LLC (d/b/a BG Staffing), a Delaware limited liability company (“Buyer”), InStaff Holding Corporation, a Texas corporation (“InStaff Holding”), and InStaff Personnel, LLC, a Texas limited liability company and a wholly-owned subsidiary of InStaff Holding (“InStaff Personnel” and together with InStaff Holding, the “Sellers”), and solely for the purposes stated herein, North Texas Opportunity Fund, L.P., a Texas limited partnership (“NTOF”), Randy Burkhart, an individual resident of the State of Texas, Beth Garvey, an individual resident of the State of Texas, Arthur W. Hollingsworth, an individual resident of the State of Texas, and John Lewis, an individual resident of the State of Texas (collectively, the “Selling Persons”). An index of defined terms is included in Section 7.12.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • October 10th, 2013 • LTN Staffing, LLC • Services-help supply services
This LOAN AND SECURITY AGREEMENT dated as of May 24, 2010 (this “Agreement”), is executed by and among LTN STAFFING, LLC, a Delaware limited liability company (“LTN Staffing”), BG STAFFING, LLC, a Delaware limited liability company (“BG Staffing”), BG PERSONNEL SERVICES, LP, a Texas limited partnership (“BG Personnel Services”), BG PERSONNEL, LP, a Texas limited partnership (“BG Personnel”), and B G STAFF SERVICES INC., a Texas corporation (“B G Staff Services”, and together with LTN Staffing, BG Staffing, BG Personnel Services and BG Personnel, collectively, “Borrowers” and each a “Borrower”), and FIFTH THIRD BANK, an Ohio banking corporation, successor by merger with Fifth Third Bank, a Michigan banking corporation (“Lender”).
EMPLOYMENT AGREEMENTEmployment Agreement • October 10th, 2013 • LTN Staffing, LLC • Services-help supply services • Illinois
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered as of the 30th day of April, 2009, by and between L. Allen Baker, Jr. (“Employee”) and LTN Staffing, LLC, a Delaware limited liability company (the “Company”).
SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT AND OTHER LOAN DOCUMENTSLoan and Security Agreement • October 10th, 2013 • LTN Staffing, LLC • Services-help supply services • Illinois
This SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT AND OTHER LOAN DOCUMENTS (this “Amendment”) is made as of the 3rd day of December, 2012, by and among LTN STAFFING, LLC, a Delaware limited liability company (“LTN Staffing”), BG STAFFING, LLC, a Delaware limited liability company (“BG Staffing”), BG PERSONNEL SERVICES, LP, a Texas limited partnership (“BG Personnel Services”), BG PERSONNEL, LP, a Texas limited partnership (“BG Personnel”), and B G STAFF SERVICES INC., a Texas corporation (“B G Staff Services”, and together with LTN Staffing, BG Staffing, BG Personnel Services and BG Personnel, collectively, “Borrowers” and each a “Borrower”), and FIFTH THIRD BANK, an Ohio banking corporation, successor by merger with Fifth Third Bank, a Michigan banking corporation (“Lender”).
RESTRICTED UNIT AWARD AGREEMENT (JACKSON)Restricted Unit Award Agreement • October 10th, 2013 • LTN Staffing, LLC • Services-help supply services
THIS RESTRICTED UNIT AWARD AGREEMENT (the “Agreement”) is made as of April ___, 2012, by and between LTN Acquisition, LLC, a Delaware limited liability company (the “Company”), and Debra R. Jackson (the “Recipient”):
FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT AND OTHER LOAN DOCUMENTSLoan and Security Agreement • October 10th, 2013 • LTN Staffing, LLC • Services-help supply services • Illinois
This FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT AND OTHER LOAN DOCUMENTS (this “Amendment”) is made as of the 13th day of December, 2010, by and among LTN STAFFING, LLC, a Delaware limited liability company (“LTN Staffing”), BG STAFFING, LLC, a Delaware limited liability company (“BG Staffing”), BG PERSONNEL SERVICES, LP, a Texas limited partnership (“BG Personnel Services”), BG PERSONNEL, LP, a Texas limited partnership (“BG Personnel”), and B G STAFF SERVICES INC., a Texas corporation (“B G Staff Services”, and together with LTN Staffing, BG Staffing, BG Personnel Services and BG Personnel, collectively, “Borrowers” and each a “Borrower”), and FIFTH THIRD BANK, an Ohio banking corporation, successor by merger with Fifth Third Bank, a Michigan banking corporation (“Lender”).
EMPLOYMENT AGREEMENTEmployment Agreement • October 10th, 2013 • LTN Staffing, LLC • Services-help supply services • Texas
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made effective as of May 28, 2013, by and between B G Staff Services Inc., a Texas corporation (“Employer”), and Beth Garvey, an individual resident of the State of Texas (“Employee”).
