Loan AgreementLoan Agreement • January 26th, 2018 • Spar Group Inc • Services-business services, nec
THIS LOAN AGREEMENT (as the same may be supplemented, modified, amended or restated from time to time in the manner provided herein, the “Agreement”), is entered into as of January 16, 2018, by and among SPAR MARKETING FORCE, INC., a Nevada corporation (“SPAR Marketing”), SPAR ASSEMBLY & INSTALLATION, INC. (F/K/A NATIONAL ASSEMBLY SERVICES, INC.), a Nevada corporation (“SPAR Assembly”) (SPAR Marketing and SPAR Assembly are each, a “Domestic Borrower” and collectively, the “Domestic Borrowers”), SPAR CANADA COMPANY, an unlimited company organized under the laws of Nova Scotia (“SPAR Canada Company” or “Canadian Borrower”) (the Domestic Borrowers and the Canadian Borrower are each, a “Borrower” and collectively, the “Borrowers”), SPAR CANADA, INC., a Nevada corporation (“SPAR Canada”), SPAR GROUP, INC., a Delaware corporation (“SGRP”), SPAR ACQUISITION, INC., a Nevada corporation (“SPAR Acquisition”), SPAR GROUP INTERNATIONAL, INC., a Nevada corporation (“SPAR International”), SPAR TRADE
Security AgreementSecurity Agreement • January 26th, 2018 • Spar Group Inc • Services-business services, nec
THIS SECURITY AGREEMENT (as the same may be supplemented, modified, amended or restated from time to time in the manner provided herein, this “Agreement”), dated as of this 16th day of January, 2018, is made by and among SPAR MARKETING FORCE, INC., a Nevada corporation, SPAR ASSEMBLY & INSTALLATION, INC. (F/K/A NATIONAL ASSEMBLY SERVICES, INC.), a Nevada corporation, SPAR CANADA COMPANY, an unlimited liability company organized under the laws of Nova Scotia, SPAR CANADA, INC., a Nevada corporation, SPAR GROUP, INC., a Delaware corporation, SPAR ACQUISITION, INC., a Nevada corporation, SPAR GROUP INTERNATIONAL, INC., a Nevada corporation, SPAR TRADEMARKS, INC., a Nevada corporation, (each individually and collectively as the context may require, the “Grantor”), and PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 755 West Big Beaver Road, Suite 2500, Troy, Michigan 48084.
Guaranty and Suretyship AgreementGuaranty and Suretyship Agreement • January 26th, 2018 • Spar Group Inc • Services-business services, nec
THIS GUARANTY AND SURETYSHIP AGREEMENT (as the same may be supplemented, modified, amended or restated from time to time in the manner provided herein, this “Guaranty”) is made and entered into as of this 16th day of January, 2018, by and among SPAR GROUP, INC., a Delaware corporation (“SPAR”), SPAR ACQUISITION, INC., a Nevada corporation (“SPAR Acquisition”), SPAR GROUP INTERNATIONAL, INC., a Nevada corporation (“SPAR International”), SPAR TRADEMARKS, INC., a Nevada corporation (“SPAR Trademarks”), and SPAR CANADA, INC., a Nevada corporation (“SPAR Canada”) (SPAR, SPAR Acquisition, SPAR International, SPAR Trademarks, and SPAR Canada are each, individually and collectively as the context may require, the “Guarantor”), in consideration of the extension of credit by PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at with an address at 755 West Big Beaver Road, Suite 2500, Troy, Michigan 48084., to SPAR MARKETING FORCE, INC., a Nevada corporation (“SPAR Marketing”), SPAR ASS
Committed Line Of Credit Note (Daily LIBOR)Committed Line of Credit Note • January 26th, 2018 • Spar Group Inc • Services-business services, nec
FOR VALUE RECEIVED, SPAR MARKETING FORCE, INC., a Nevada corporation, SPAR ASSEMBLY & INSTALLATION, INC. (F/K/A NATIONAL ASSEMBLY SERVICES, INC.), a Nevada corporation, SPAR CANADA COMPANY, an unlimited company organized under the laws of Nova Scotia (collectively, the “Borrower”), jointly and severally, promise to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 755 West Big Beaver Road, Suite 2500, Troy, Michigan 48084, or at such other location as the Bank may designate from time to time, the principal sum of Nine Million and 00/100 DOLLARS ($9,000,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder and then outstanding, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.
