THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENTSenior Secured Credit Agreement • March 27th, 2020 • Williams Industrial Services Group Inc. • Heavy construction other than bldg const - contractors • New York
This THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT, dated as of January 13, 2020 (this “Third Amendment”), is entered into by and among Williams Industrial Services Group, Inc. (“Borrower”), each financial institution from time to time party hereto as lender (each, a “Lender” and collectively, the “Lenders”), and CENTRE LANE PARTNERS MASTER CREDIT FUND II, L.P., a Delaware limited partnership, as administrative agent for the Lenders (in such capacity, and together with its successors and assigns, the “Administrative Agent”) and as collateral agent for the Lenders (in such capacity, and together with its successors and assigns, the “Collateral Agent”).
AMENDMENT NO. 3 TO CREDIT AND SECURITY AGREEMENTCredit and Security Agreement • March 27th, 2020 • Williams Industrial Services Group Inc. • Heavy construction other than bldg const - contractors • New York
This AMENDMENT NO. 3 TO CREDIT AND SECURITY AGREEMENT (this “Agreement”) is dated as of January 13, 2020 (the “Third Amendment Closing Date”), by and among WILLIAMS INDUSTRIAL SERVICES GROUP INC., a Delaware corporation (the “Company”), each of its direct and indirect Subsidiaries set forth on the signature pages hereto as a “Borrower” (together with the Company, collectively, the “Borrowers” and each individually, a “Borrower”), MidCap Funding IV Trust, a Delaware statutory trust, individually as a Lender and as Agent (in such capacity, together with its successors and assigns, “Agent”) and the other financial institutions or other entities from time to time parties to the Credit Agreement referenced below, each as a Lender.
AMENDMENT NO. 1 TO CREDIT AND SECURITY AGREEMENTCredit and Security Agreement • March 27th, 2020 • Williams Industrial Services Group Inc. • Heavy construction other than bldg const - contractors • New York
This AMENDMENT NO. 1 TO CREDIT AND SECURITY AGREEMENT (this “Agreement”) is made as of October 16, 2019 (the “First Amendment Closing Date”), by and among WILLIAMS INDUSTRIAL SERVICES GROUP INC., a Delaware corporation (the “Company”), each of its direct and indirect Subsidiaries set forth on the signature pages hereto as a “Borrower” (together with the Company, collectively, the “Borrowers” and each individually, a “Borrower”), MidCap Funding IV Trust, a Delaware statutory trust, individually as a Lender and as Agent (in such capacity, together with its successors and assigns, “Agent”) and the other financial institutions or other entities from time to time parties to the Credit Agreement referenced below, each as a Lender.
FIRST AMENDMENT TO SENIOR SECURED CREDIT AGREEMENTSenior Secured Credit Agreement • March 27th, 2020 • Williams Industrial Services Group Inc. • Heavy construction other than bldg const - contractors • New York
This FIRST AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT, dated as of October 9, 2019 (this “First Amendment”), is entered into by and among Williams Industrial Services Group, Inc. (“Borrower”), each financial institution from time to time party hereto as lender (each, a “Lender” and collectively, the “Lenders”), and CENTRE LANE PARTNERS MASTER CREDIT FUND II, L.P., a Delaware limited partnership, as administrative agent for the Lenders (in such capacity, and together with its successors and assigns, the “Administrative Agent”) and as collateral agent for the Lenders (in such capacity, and together with its successors and assigns, the “Collateral Agent”).
AMENDMENT NO. 2 TO CREDIT AND SECURITY AGREEMENTCredit and Security Agreement • March 27th, 2020 • Williams Industrial Services Group Inc. • Heavy construction other than bldg const - contractors • New York
This AMENDMENT NO. 2 TO CREDIT AND SECURITY AGREEMENT (this “Agreement”) is made as of November 14, 2019 (the “Second Amendment Closing Date”) and effective as of November 13, 2019, by and among WILLIAMS INDUSTRIAL SERVICES GROUP INC., a Delaware corporation (the “Company”), each of its direct and indirect Subsidiaries set forth on the signature pages hereto as a “Borrower” (together with the Company, collectively, the “Borrowers” and each individually, a “Borrower”), MidCap Funding IV Trust, a Delaware statutory trust, individually as a Lender and as Agent (in such capacity, together with its successors and assigns, “Agent”) and the other financial institutions or other entities from time to time parties to the Credit Agreement referenced below, each as a Lender.
Williams Industrial Services Group Inc. Restricted Shares Award AgreementAward Agreement • March 27th, 2020 • Williams Industrial Services Group Inc. • Heavy construction other than bldg const - contractors • Delaware
Williams Industrial Services Group Inc. (the “Company”) grants to the Grantee named below, in accordance with the terms and conditions of the Williams Industrial Services Group Inc. 2015 Equity Incentive Plan (the “Plan”) and this Restricted Shares Award Agreement (the “Agreement”), the following number of restricted shares (the “Restricted Shares”), as of the Date of Grant set forth below (the “Date of Grant”). Capitalized terms used in this Agreement without definition shall have the meanings assigned to them in the Plan.
SECOND AMENDMENT TO SENIOR SECURED CREDIT AGREEMENTSenior Secured Credit Agreement • March 27th, 2020 • Williams Industrial Services Group Inc. • Heavy construction other than bldg const - contractors • New York
This SECOND AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT, dated as of November 13, 2019 (this “Second Amendment”), is entered into by and among Williams Industrial Services Group, Inc. (“Borrower”), each financial institution from time to time party hereto as lender (each, a “Lender” and collectively, the “Lenders”), and CENTRE LANE PARTNERS MASTER CREDIT FUND II, L.P., a Delaware limited partnership, as administrative agent for the Lenders (in such capacity, and together with its successors and assigns, the “Administrative Agent”) and as collateral agent for the Lenders (in such capacity, and together with its successors and assigns, the “Collateral Agent”).
Backstop Agreement – Acknowledgement and Waiver as to Refinancing ConditionBackstop Agreement • March 27th, 2020 • Williams Industrial Services Group Inc. • Heavy construction other than bldg const - contractors
On November 14, 2019, Williams Industrial Services Group Inc. (the “Company”) and Wynnefield Capital, Inc. (“Wynnefield”) entered into a Backstop Agreement (the “Backstop Agreement”), pursuant to which Wynnefield agreed to backstop the Company’s proposed rights offering (the “Rights Offering”) by exercising all the rights it will receive from the Company pursuant to the Rights Offering and, upon expiration of the Rights Offering, purchasing all of the additional shares of the Company’s common stock not otherwise sold in the Rights Offering, up to $7.0 million in the aggregate, subject to the terms and conditions set forth in the Backstop Agreement.
