SECURITY AGREEMENT Dated June 15, 2023Security Agreement • June 20th, 2023 • Englobal Corp • Services-engineering services • Texas
CREDIT AGREEMENTCredit Agreement • June 20th, 2023 • Englobal Corp • Services-engineering services • Texas
THIS CREDIT AGREEMENT (this “Agreement”) is entered into as of June 15, 2023 (the “Closing Date”), by and between ENGLOBAL CORPORATION, a Nevada corporation (“Borrower”), and ALLIANCE 2000, LTD., a Texas limited partnership (“Lender”). Certain capitalized terms used in this Agreement are defined in Section 7.1. The parties agree as follows:
CONTINUING GUARANTY (ENGlobal U.S., Inc., ENGlobal Government Services, Inc., and ENGlobal Technologies, LLC) Dated June 15, 2023Continuing Guaranty • June 20th, 2023 • Englobal Corp • Services-engineering services • Texas
BACKGROUND. ENGLOBAL CORPORATION, a Nevada corporation (“Borrower”) and ALLIANCE 2000, LTD., a Texas limited partnership (“Lender”) have entered into a Credit Agreement, dated as of the date hereof (such agreement, together with all amendments, restatements, supplemented, and modifications, the “Credit Agreement”). Borrower and each Guarantor are members of the same affiliated group of companies, and Guarantors will derive direct and indirect economic benefit from the Term Loans and other financial accommodations under the Credit Agreement and other Loan Documents.
