REVOLVING CREDIT AND SECURITY AGREEMENT AMONG ENGLOBAL CORPORATION, ENGLOBAL U.S., INC., ENGLOBAL INTERNATIONAL, INC., ENGLOBAL GOVERNMENT SERVICES, INC. (AS BORROWERS), VARIOUS LENDERS, AND PNC BANK, NATIONAL ASSOCIATION (AS LENDER AND AS AGENT)Revolving Credit and Security Agreement • May 31st, 2012 • Englobal Corp • Services-engineering services • Texas
Revolving Credit and Security Agreement dated as of May 29, 2012 among ENGLOBAL CORPORATION, a corporation organized under the laws of the State of Nevada (“Holdings”), ENGLOBAL U.S., INC., a corporation organized under the laws of the State of Texas (“ENGlobal US”), ENGLOBAL INTERNATIONAL, INC., a corporation organized under the BVI Business Companies Act of 2004 (“ENGlobal International”), ENGLOBAL GOVERNMENT SERVICES, INC., a corporation organized under the laws of the State of Texas (“ENGlobal Government”; and together with Holdings, ENGlobal US and ENGlobal International, individually, each a “Borrower” and jointly and severally, “Borrowers”), the financial institutions which are now or which hereafter become a party hereto (collectively, the “Lenders” and individually a “Lender”) and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as agent for itself and as agent for the other Lenders (PNC, together with its successors and assigns in such capacity, “Agent”).
GUARANTYGuaranty • May 31st, 2012 • Englobal Corp • Services-engineering services • Texas
FOR VALUE RECEIVED, and in consideration of any loan or other financial accommodation heretofore or hereafter at any time made or granted to ENGLOBAL CORPORATION, a corporation organized under the laws of the State of Nevada (“Holdings”), ENGLOBAL U.S., INC., a corporation organized under the laws of the State of Texas (“ENGlobal US”), ENGLOBAL INTERNATIONAL, INC., a corporation organized under the BVI Business Companies Act of 2004 (“ENGlobal International”), ENGLOBAL GOVERNMENT SERVICES, INC., a corporation organized under the laws of the State of Texas (“ENGlobal Government”; and together with Holdings, ENGlobal US, and ENGlobal International, individually, each a “Borrower” and jointly and severally, “Borrowers”), the financial institutions which are now or which hereafter become a party thereto (collectively, the “Lenders” and individually, each a “Lender”) and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as agent for itself and as agent for the other Lenders (PNC, together with its su
REVOLVING CREDIT NOTERevolving Credit Note • May 31st, 2012 • Englobal Corp • Services-engineering services • Texas
This Revolving Credit Note (this “Note”) is executed and delivered under and pursuant to the terms of that certain Revolving Credit and Security Agreement dated as of May 29, 2012 (as amended, amended and restated, supplemented, extended, joined and/or otherwise modified from time to time, the “Credit Agreement”) by and among ENGLOBAL CORPORATION, a corporation organized under the laws of the State of Nevada (“Holdings”), ENGLOBAL U.S., INC., a corporation organized under the laws of the State of Texas (“ENGlobal US”), ENGLOBAL INTERNATIONAL, INC., a corporation organized under the BVI Business Companies Act of 2004 (“ENGlobal International”), ENGLOBAL GOVERNMENT SERVICES, INC., a corporation organized under the laws of the State of Texas (“ENGlobal Government”; and together with Holdings, ENGlobal US, and ENGlobal International, individually, each a “Borrower” and jointly and severally, “Borrowers”), the financial institutions which are now or which hereafter become a party thereto (c
PLEDGE AGREEMENTPledge Agreement • May 31st, 2012 • Englobal Corp • Services-engineering services • Texas
This PLEDGE AGREEMENT (this “Agreement”) is entered into on May 29, 2012, by and between ENGLOBAL CORPORATION, a corporation organized under the laws of the State of Nevada (“Pledgor”) and PNC BANK, NATIONAL ASSOCIATION, a national banking association (“PNC”), as agent for itself and as agent for the other Lenders described below (PNC, together with its successors and assigns in such capacity, “Pledgee”).
ContractSecurity Agreement • May 31st, 2012 • Englobal Corp • Services-engineering services • Texas
INTELLECTUAL PROPERTY SECURITY AGREEMENTIntellectual Property Security Agreement • May 31st, 2012 • Englobal Corp • Services-engineering services • Texas
This INTELLECTUAL PROPERTY SECURITY AGREEMENT (as amended, amended and restated, supplemented, extended, joined and/or otherwise modified from time to time, the “IP Security Agreement”) dated as of May 29, 2012, is made by the Persons listed on the signature page hereof (individually, each a “Grantor” and collectively, jointly and severally, the “Grantors”) in favor of PNC BANK, NATIONAL ASSOCIATION (“PNC”), as agent for itself and as agent for the other Lenders party from time to time to the Credit Agreement referred to below (PNC, together with its successors and assigns in such capacity, “Agent”).
