FIRST AMENDMENT TO Amended and Restated Change in Control Severance Agreement Dated as of November 8, 2018Control Severance Agreement • April 24th, 2019 • Spar Group Inc • Services-business services, nec
This First Amendment to Amended and Restated Change in Control Severance Agreement (this "Amendment"), dated as of November 8, 2018 (the "Amendment Date"), is by and between Lawrence David Swift, an individual (the "Employee"), and SPAR Group, Inc., a Delaware corporation ("SGRP", the "Company" or the "Corporation"). The Employee and Company may be referred to individually as a "Party" and collectively as the "Parties".
Corrected FIRST AMENDMENT TO Severance AgreementsSeverance Agreements • April 24th, 2019 • Spar Group Inc • Services-business services, nec
This Corrected First Amendment to Severance Agreements (this "Amendment"), dated as of August 8, 2018 (the "Amendment Date"), is by and between Steven J. Adolph, an individual (the "Employee"), and SPAR Group, Inc., a Delaware corporation ("SGRP", the "Company" or the "Corporation"). The Employee and Company may be referred to individually as a "Party" and collectively as the "Parties".
Executive Officer SEVERANCE AGREEMENTOfficer Severance Agreement • April 24th, 2019 • Spar Group Inc • Services-business services, nec • New York
This Executive Officer Severance Agreement (as modified, amended or restated from time to time in the manner provided herein, this "Agreement") is dated and effective as of June 17, 2016 (the "Effective Date"), and is by and between Steve Adolph, an individual (the "Employee"), and SPAR Group, Inc., a Delaware corporation (the "Corporation"). The Employee and Corporation may be referred to individually as a "Party" and collectively as the "Parties".
CORPORATE GUARANTYCorporate Guaranty • April 24th, 2019 • Spar Group Inc • Services-business services, nec • New Jersey
THIS CORPORATE GUARANTY (as amended, modified, supplemented, substituted, extended or renewed from time to time, this "Guaranty"), dated as of April 10, 2019, is made by SPAR MARKETING FORCE, INC., a Nevada corporation ("US Borrower"), SPAR CANADA COMPANY, an unlimited company organized under the laws of Nova Scotia ("Canadian Borrower"), SPAR GROUP, INC., a Delaware corporation, SPAR ACQUISITION, INC., a Nevada corporation, SPAR CANADA, INC., a Nevada corporation, SPAR TRADEMARKS, INC., a Nevada corporation, and SPAR ASSEMBLY & INSTALLATION, INC., a Nevada corporation (collectively, "Guarantors", and each individually, a "Guarantor"), each with an office at 333 Westchester Avenue, South Building, Suite 204, White Plains, New York 10604, in favor of NORTH MILL CAPITAL LLC, a Delaware limited liability company ("Lender"), with an office at 821 Alexander Road, Suite 130, Princeton, New Jersey 08540.
COLLATERAL ASSIGNMENT (Security Agreement) (Trademarks) Effective: April 10, 2019Collateral Assignment • April 24th, 2019 • Spar Group Inc • Services-business services, nec • New Jersey
WHEREAS, NORTH MILL CAPITAL LLC, a Delaware limited liability company ("Assignee"), located and doing business 821 Alexander Road, Suite 103, Princeton, New Jersey 08540, has extended and may hereafter extend credit to Assignor and/or its affiliates, and Assignor has executed and delivered to Assignee a certain Loan and Security Agreement dated as of April 10, 2019 (as amended, modified, supplemented, substituted, extended or renewed from time to time, the "Loan Agreement") pursuant to which Assignor grants to Assignee a security interest in substantially all assets of Assignor to secure all of the Obligations (as defined in the Loan Agreement) and Assignor may hereafter execute and deliver to Assignee other similar security agreements; and
Second AMENDMENT TO Severance AgreementsSeverance Agreements • April 24th, 2019 • Spar Group Inc • Services-business services, nec
This Second Amendment to Severance Agreements (this "Amendment"), dated as of November 8, 2018 (the "Amendment Date"), is by and between Steven J. Adolph, an individual (the "Employee"), and SPAR Group, Inc., a Delaware corporation ("SGRP", the "Company" or the "Corporation"). The Employee and Company may be referred to individually as a "Party" and collectively as the "Parties".
FIRST AMENDMENT TO Severance AgreementS Dated as of November 8, 2018Severance Agreements • April 24th, 2019 • Spar Group Inc • Services-business services, nec
This First Amendment to Severance Agreements (this "Amendment"), dated as of November 8, 2018 (the "Amendment Date"), is by and between Christiaan M. Olivier, an individual (the "Employee"), and SPAR Group, Inc., a Delaware corporation ("SGRP", the "Company" or the "Corporation"). The Employee and Company may be referred to individually as a "Party" and collectively as the "Parties".
COLLATERAL PLEDGE AGREEMENTCollateral Pledge Agreement • April 24th, 2019 • Spar Group Inc • Services-business services, nec
THIS COLLATERAL PLEDGE AGREEMENT (as amended, modified, supplemented, substituted, extended or renewed from time to time, this "Agreement") is dated as of April 10, 2019, by SPAR GROUP, INC., a Delaware corporation, SPAR ACQUISITION, INC., a Nevada corporation, and SPAR MARKETING FORCE, INC., a Nevada corporation (collectively, "Obligors", and each individually, an "Obligor"), in favor of NORTH MILL CAPITAL LLC, a Delaware limited liability company ("Secured Party").
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • April 24th, 2019 • Spar Group Inc • Services-business services, nec • Nevada
THIS LOAN AND SECURITY AGREEMENT is entered into as of April 10, 2019 by and among NORTH MILL CAPITAL LLC, a Delaware limited liability company (Lender), with an office located at 821 Alexander Road, Suite 130, Princeton, New Jersey 08540, SPAR MARKETING FORCE, INC., a Nevada corporation (US Borrower), with its chief executive office located at 1910 Opdyke Court, Auburn Hills, Michigan 48326, SPAR CANADA COMPANY, an unlimited company organized under the laws of Nova Scotia (Canadian Borrower), with its chief executive office located at 10 Planchet Road, Unit 21, Vaughan, Ontario L4K 2C8, and each of SPAR GROUP, INC., a Delaware corporation, SPAR ACQUISITION, INC., a Nevada corporation, SPAR CANADA, INC., a Nevada corporation, SPAR TRADEMARKS, INC., a Nevada corporation, and SPAR ASSEMBLY & INSTALLATION, INC., a Nevada corporation (each as a Guarantor).
