TO REVOLVING LOAN AND SECURITY AGREEMENT AND OTHER DOCUMENTSRevolving Loan and Security Agreement • August 10th, 2012 • Spar Group Inc • Services-business services, nec • New York
This Second Agreement of Amendment to Revolving Loan and Security Agreement And Other Documents ("Second Agreement of Amendment") shall be effective as of July 1, 2012, and is by and among STERLING NATIONAL BANK, having offices at 500 Seventh Avenue, New York NY 10018-4502 ("Sterling"), CORNERSTONE BANK, having offices at 6000 Midlantic Drive, Suite 1205, Mt. Laurel, NJ 08054 ("Cornerstone"), and any other entity becoming a Lender pursuant to the Loan Agreement (defined below) are collectively referred to as the “Lenders” and individually as a "Lender;" and Sterling as the Agent for the Lenders as well as acting for the benefit of Lenders ("Agent"); SPAR Group, Inc., a Delaware corporation ("SGRP"), National Assembly Services, Inc., a New Jersey corporation, SPAR Group International, Inc., SPAR Acquisition, Inc., SPAR Trademarks, Inc., and SPAR Marketing Force, Inc., each a Nevada corporation (together with SGRP, either separately, jointly, or jointly and severally, "Borrower"); all ha
