FINANCING AGREEMENT The CIT Group/Business Credit, Inc. (as Lender) And Hall, Kinion and Associates, Inc., Group-Ipex, Inc., And Onstaff Acquisition Corp. (as Borrowers) Dated: June 13, 2003Financing Agreement • June 23rd, 2003 • Hall Kinion & Associates Inc • Services-help supply services • California
THE CIT GROUP/BUSINESS CREDIT, INC., a New York corporation (“CIT”), with offices located at 300 South Grand Avenue, 3rd Floor, Los Angeles, California 90071 is pleased to confirm the terms and conditions under which CIT shall make revolving loans and other financial accommodations to HALL, KINION & ASSOCIATES, INC., a Delaware corporation (“HKA”), GROUP-IPEX, INC., a California corporation (“Ipex”), and ONSTAFF ACQUISITION CORP., a Delaware corporation (“Onstaff” and together with HKA and Ipex, each individually a “Company” and collectively, jointly and severally, the “Companies”), each with a principal place of business at 75 Rowland Way, Suite 200, Novato, California 94945.
