Security Agreement, Pledge Agreement and Guaranty Sample Contracts

FIRST AMENDMENT TO SECURITY AGREEMENT, PLEDGE AGREEMENT AND GUARANTY

Security Agreement, Pledge Agreement and Guaranty • October 4th, 2006 • Global Employment Holdings, Inc. • Services-help supply services

• Contract Type
  Security Agreement, Pledge Agreement and Guaranty
• Filed
  October 4th, 2006
• Company
  Global Employment Holdings, Inc.
• Industry
  Services-help supply services

FIRST AMENDMENT TO SECURITY AGREEMENT, PLEDGE AGREEMENT AND GUARANTY, dated as of September 28, 2006 (this “Amendment”) made by Global Employment Holdings, Inc. a Delaware corporation (the "Company”), Global Employment Solutions, Inc., a Colorado corporation (“GES”), each of its subsidiaries (each a “Guarantor” and together with the Company and each of its subsidiaries, each a "Grantor” and a “Pledgor” and together the “Grantors” and “Pledgors”), Amatis Limited (“Amatis”), in its capacity as the original collateral agent (in such capacity, the “Original Collateral Agent”), and Whitebox Convertible Arbitrage Partners, LP (“Whitebox”), in its capacity as the new collateral agent (in such capacity, the “Collateral Agent”).