Document:

EXHIBIT 10.28

 

MINNESOTA POLLUTION CONTROL AGENCY/HERON LAKE BIOENERGY, LLC

 

COMPLIANCE AGREEMENT

 

I.                                         PARTIES
AND AUTHORITIES

 

A.                                    Parties. 
The parties to this Compliance Agreement (“Agreement”) are the Minnesota
Pollution Control Agency (“MPCA”) and Heron Lake BioEnergy, LLC, a Minnesota
limited liability company (the “Company”), Heron Lake, Minnesota.

 

B.                                    MPCA Authority. 
The MPCA is the agency of the State of Minnesota with the duty to
administer and enforce the laws and rules relating to the prevention,
control, or abatement of emissions of pollutants to water, air, noise, and
land.  This Agreement is entered into
pursuant to the authority vested in the MPCA by Minn. Stat. Chaps.  115 and 116, and pursuant to delegations from
the United States Environmental Protection Agency under the federal Clean Air
Act.

 

II.                                     BACKGROUND

 

On May 24, 2005, the
MPCA issued Air Emission Permit No. 06300025-01 (the “Permit”) to the
Company, which authorized the Company to construct a coal-fueled ethanol
facility in Heron Lake, Minnesota (the “Facility”), with an annual production
capacity of fifty-five (55) million gallons of denatured ethanol.

 

The Company’s Facility
was permitted by the MPCA as a synthetic-minor emission source, meaning that
the Company agreed to install certain pollution-control equipment and accept
certain operating conditions to limit its potential to emit each of the
criteria pollutants [volatile organic compounds, carbon monoxide, sulfur
dioxide, nitrogen oxides, particulate matter and particulate matter smaller
than ten microns (“PM10”)] to less than 100 tons per year.

 

The Company’s ethanol
plant is expected to be completed and operational in May 2007.

 

The MPCA has informed the
Company that its Facility needs a major source permit due to potential PM10
emissions.  The MPCA has also informed
the Company that, having triggered major source status due to potential PM10
emissions, the Company’s emissions of sulfur dioxide, nitrogen oxides and
volatile organic compounds require “best available control technology” analysis
under 40 CFR 52.21(j)(2).

 

To avoid a dispute with
the MPCA that may delay the construction and operation of its Facility, the
Company has agreed to apply to the MPCA for a major amendment to amend the
Permit so that its ethanol plant may become a major source within the meaning
of the federal Prevention of Significant Deterioration program of the Clean Air
Act.

 

The MPCA has agreed,
pending the issuance of the amendment to the Permit, that the Company may
continue with the construction of its ethanol plant, and operate its ethanol
plant 

 

 

 

when construction has
been completed in such a manner as to limit the emissions of each of the
criteria pollutants to less than the minor source threshold of 100 tons per
year.

 

The purpose of this Agreement
is to set forth the terms and conditions of the parties’ agreement with respect
to the construction and operation of the Company’s ethanol plant pending the
issuance of the amendment to the Permit, and the Company’s obligations to the
MPCA.

 

III.                                 AGREEMENT

 

NOW, THEREFORE, in consideration of the foregoing premises, and
further in consideration of the mutual promises contained in this Agreement,
the MPCA and the Company hereby agree as follows:

 

A.                                    Major Amendment.  Within one hundred and fifty (150)  days from the effective date of this
Agreement, the Company agrees to submit a complete major amendment application
to the MPCA to amend the Permit to permit its Facility as a major emissions
source within the meaning of the Prevention of Significant Deterioration
program of the federal Clean Air Act (the “Amendment”).

 

B.                                    Amendment Processing.  The MPCA agrees to exercise reasonable diligence in
processing the Company’s Amendment application. 
The MPCA will process and issue the Company’s Amendment according to
applicable permit issuance rules and procedures.

 

C.                                    Company Rights and Obligations. 
Pending the issuance of the Amendment to the Permit, the Company may:

 

i.                                          Continue with and complete the
construction of its Facility.

 

ii.                                       Operate its Facility after the completion
of construction in a manner such that the emissions of each of the criteria
pollutants generated by the ethanol plant, as determined on a twelve (12) month
Rolling Sum, do not exceed ninety-five (95) tons per year and shall in all other
respects comply with Air Emission Permit No. 06300025-01.

 

iii.                                    The Company will keep onsite
records of how monthly emissions are estimated and will keep a record of the
12-month rolling sum for PM10 and nitrogen oxides.

 

D.                                    No Admissions. 
The parties acknowledge and agree that nothing in this Agreement should
be interpreted or construed as any type of admission by the Company that its
Facility, as currently permitted under the Permit, would be unable to qualify
as a synthetic-minor source with respect to any of the criteria pollutants,
including PM10.

 

 

2

 

E.                                      Failure to Comply. 
If the MPCA determines that the Company has failed to comply with any
provision of this Agreement, the MPCA shall provide written notice to the
Company of such failure.

 

F.                                      Remedies of the Parties. 
The terms of this Agreement shall be legally enforceable in a court of
appropriate jurisdiction and the Parties retain the right to assert any legal,
equitable, or administrative right of action or defense that may be available
by law or in equity in order to implement or enforce the terms of this
Agreement.

 

G.                                    Full Agreement and Amendments. 
This Agreement sets forth the full and final understanding of the terms
of the parties’ agreement and may only be modified or amended by a written
instrument executed by both parties.

 

H.                                    Transfer of Agreement. 
This Agreement is not transferable nor assignable to any person without
express written approval of the MPCA; such approval shall not be unreasonably
withheld.

 

I.                                         Successors and Performance of
Agreement.  This Agreement shall be binding upon the
Company, its successors and assigns and upon the MPCA, its successors and
assigns.

 

J.                                      Extension of Time. 
MPCA staff may grant extensions of time schedules stated herein in the
event that the Company demonstrates good cause for granting such extensions and
provided that any such extension shall not have any adverse effect upon human
health or the environment.  The Company
shall submit any request for an extension of time in writing.

 

K.                                    Effective Date and Termination. 
This Agreement shall be effective upon the date it is signed by the MPCA
Commissioner or his designee and shall remain in effect until the Amendment
becomes effective pursuant to 40 CFR 124.15(b) and, if applicable,
completion of any and all appeals pursuant to 40 CFR 124.19 or otherwise.

 

L.                                     Counterparts and Facsimiles.  This Agreement may be executed in more than one
counterpart, each of which shall be deemed to be an original but all of which
taken together shall be deemed a single instrument.  Facsimiles of signature pages are
acceptable as long as an original is provided within thirty (30) days.

 

[Remainder of this Page Intentionally
Left Blank]

 

 

3

 

MINNESOTA
POLLUTION CONTROL AGENCY

 

 

	
  By:

  	
  /s/ James L. Warner

  	
   

  	
   

  
	
   

  	
  James L. Warner

  	
   

  	
   

  
	
  Its:

  	
  Industrial Division
  Director

  	
   

  	
   

  

 

 

	
  STATE OF MINNESOTA

  	
   

  	
  )

  
	
   

  	
   

  	
  ) ss.

  
	
  COUNTY OF WASHINGTON

  	
   

  	
  )

  

 

                                                On this 23rd day of January,
2007, before me personally appeared James L. Warner, who, being first dully
sworn, stated that he an Industrial Division Director of the Minnesota
Pollution Control Agency, an administrative agency of the State of Minnesota;
that he had the authority to execute the foregoing instrument on behalf of said
agency; and that he executed the foregoing instrument voluntarily and as the
free act and deed of said agency.

 

	
    /s/ Miriam J. Bergmark

  	
   

  	
   

  
	
  Miriam J. Bergmark

  Notary Public-Minnesota

  Commission expires January 31,
  2010

  	
   

  	
   

  

 

 

4

 

HERON
LAKE BIOENERGY, LLC, 

a Minnesota limited liability company

 

 

	
  By:

  	
  /s/ Robert J. Ferguson

  	
   

  	
   

  
	
   

  	
  Robert J. Ferguson

  	
   

  	
   

  
	
  Its: 

  	
  President

  	
   

  	
   

  

 

 

	
  STATE OF MINNESOTA

  	
   

  	
  )

  
	
   

  	
   

  	
  ) ss.

  
	
  COUNTY OF RAMSEY

  	
   

  	
  )

  

 

                                                On this 23rd day of January,
2007, before me personally appeared Robert J. Ferguson, who, being first dully
sworn, stated that he is the President of Heron Lake BioEnergy, LLC, a
Minnesota limited liability company; that he had the authority to execute the
foregoing instrument on behalf of said limited liability company; and that he
executed the foregoing instrument voluntarily and as the free act and deed of
said limited liability company.

 

	
    /s/ Jean Marie Ferguson

  	
   

  	
   

  
	
  Jean Marie Ferguson

  Notary Public-Minnesota

  Commission expires January 31,
  2009

  	
   

  	
   

  

 

 

5Exhibit 10.1

 

SECOND AMENDED AND RESTATED FORBEARANCE AGREEMENT

 

THIS
SECOND AMENDED AND RESTATED FORBEARANCE AGREEMENT (this “Agreement”),
dated as of September 30, 2008, is entered into by and among the financial
institutions identified on the signature pages hereto (collectively, the “Lenders”),
U.S. Bank National Association, as administrative agent for the Lenders (in
such capacity, the “Agent”), Westaff (USA), Inc., a California
corporation (the “Borrower”), and Westaff, Inc., a Delaware
corporation and the sole shareholder of the Borrower, as parent guarantor (the “Parent
Guarantor”), with reference to the following
facts:

 

RECITALS

 

A.                                   The Borrower,
the Parent Guarantor, the Agent and the Lenders are parties to a Financing
Agreement, dated as of February 14, 2008, as amended (collectively, the “Financing
Agreement”), pursuant to which the Agent and the Lenders provide certain
credit facilities to the Borrower.

 

B.                                     Certain Events
of Default have occurred and are continuing under Section 11.1(b)(1) of
the Financing Agreement.  Such Events of
Default were caused by the Borrower’s failure to comply with Section 10.28
of the Financing Agreement, due to the Borrower’s failure to achieve a Fixed
Charge Coverage Ratio of at least 1.25 to 1.00 for the Applicable Period ended April 19,
2008 (the “First Event of Default”) and for the Applicable Period ended July 12,
2008 (the “Second Event of Default” and collectively with the First
Event of Default, the “Existing Events of Default”).

 

C.                                     At the request of
the Borrower and the Parent Guarantor, the Agent and the Lenders entered into a
Forbearance Agreement with the Borrower and the Parent Guarantor dated as of July 31,
2008 (the “First Forbearance Agreement”), pursuant to which the Agent
and the Lenders agreed to forbear from exercising their available default
rights and remedies under the Financing Agreement, the other Loan Documents,
applicable law and equity (collectively, “Default Rights and Remedies”) in
response to the occurrence and continuance of the First Event of Default
through August 26, 2008.

 

D.                                    At the request of
the Borrower and the Parent Guarantor, the Agent and the Lenders also entered
into an Amended and Restated Forbearance Agreement with the Borrower and the
Parent Guarantor dated as of August 26, 2008 (the “Second Forbearance
Agreement”), pursuant to which the Agent and the Lenders agreed to forbear
from exercising their Default Rights and Remedies in response to the occurrence
and continuance of both of the Existing Events of Default through September 30,
2008.

 

E.                                      The Borrower and
the Parent Guarantor have requested that the Agent and the Lenders agree to
continue to forbear from exercising their Default Rights and Remedies in
response to the occurrence and continuance of both of the Existing Events of
Default through November 21, 2008.

 

E.                                      The Agent and the
Lenders are willing to continue to forbear from exercising their Default Rights
and Remedies in response to the occurrence and continuance of both of the
Existing Events of Default through November 21, 2008 on the terms and 

 

 

conditions set forth in this Agreement, which
shall amend, restate, replace and supersede (but which shall not cause a
novation of) the Second Forbearance Agreement.

 

NOW, THEREFORE, the parties hereby agree as
follows:

 

1.                                       Defined Terms.  Any and all initially-capitalized terms used
in this Agreement (including, without limitation, in the recitals to this Agreement)
without definition shall have the respective meanings assigned thereto in the
Financing Agreement.

 

2.                                       Limited
Forbearance Agreement.  So
long as no additional Events of Default occur during such period, the Agent and
the Lenders hereby agree to forbear from exercising any of their Default Rights
and Remedies in response to the occurrence and continuance of the Existing
Events of Default throughout the period commencing on the date of this Agreement
and ending on November 21, 2008 (the “Forbearance Period”).

 

3.                                       No Waiver.  The agreement of the Agent and the Lenders
under Section 2 of this Agreement conditionally to forbear from exercising
their Default Rights and Remedies throughout the Forbearance Period shall not
constitute a waiver of either of the Existing Events of Default, and the Agent
and the Lenders hereby expressly reserve all their Default Rights and Remedies
in connection with the Existing Events of Default.

 

4.                                       Addition of
Minimum EBITDA Covenant.  Exhibit F
to the Financing Agreement is hereby amended and supplemented by deleting
current Section 3 and adding new Sections 3 and 4 as
follows.

 

“Section 3.  Minimum EBITDA.  Borrower shall achieve EBITDA (exclusive of
royalty income) for the respective cumulative periods commencing on the first
day of the four-week fiscal period 10 of Borrower’s Fiscal Year 2008 and ending
on the last day of the applicable 4-week fiscal period of Borrower indicated
below of not less than the corresponding amounts set out below:

 

	
  Cumulative Period Commencing 

  on the First Day of Fiscal Period 10

  of Fiscal Year 2008 and ending

  on the Last Day of

  	
   

  	
  Minimum EBITDA (Exclusive of

  Royalty Income)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  fiscal period 10 of Fiscal Year 2008

  	
   

  	
  $

  	
  (350,000

  	
  )

  
	
   

  	
   

  	
   

  	
   

  
	
  fiscal period 11 of Fiscal Year 2008

  	
   

  	
  $

  	
  (740,000

  	
  )

  
	
   

  	
   

  	
   

  	
   

  
	
  fiscal period 12 of Fiscal Year 2008

  	
   

  	
  $

  	
  (710,000

  	
  )

  
	
   

  	
   

  	
   

  	
   

  
	
  fiscal period 13 of Fiscal Year 2008

  	
   

  	
  $

  	
  (930,000

  	
  )

  
	
   

  	
   

  	
   

  	
   

  
	
  fiscal period 1 of Fiscal Year 2009

  	
   

  	
  $

  	
  (1,280,000

  	
  ).

  
						

 

2

 

Section 4.  Calculation of Financial Covenants.

 

Agent,
in addition to using the information contained in the financial statements
submitted to Agent pursuant to Sections 8.5 and 8.7 of the
Financing Agreement, may calculate Borrower’s EBITDA and the other specified
amounts under this Exhibit F (and under any other Financial
Covenants contained in the Financing Agreement) on the basis of information then
available to Agent, which calculation(s) will be binding on Borrower; however,
Agent shall give notice to Borrower of Agent’s computations made pursuant to
this Exhibit F and an opportunity to provide Agent with any
additional or contrary information. 
Borrower must provide any additional (or contrary) information within 15
Business Days after Agent gives notice to Borrower of Agent’s computations.”

 

5.                                       Reserve for
Payroll and Payroll Taxes.  The
Agent shall continue to maintain a reserve against Revolving Credit Availability
to cover the Borrower’s payroll and payroll tax obligations.  The required amount of such reserve shall be
based upon the assumptions that the Borrower’s weekly payroll obligations total
$4,400,000 and that the Borrower’s weekly federal and state payroll tax
obligations total $135,000.  The Agent
shall adjust the required amount of the reserve if the Borrower’s actual weekly
payroll obligations total materially more (or less) than $4,400,000 or if the
Borrower’s actual weekly unemployment taxes total materially more (or less)
than $135,000.  The Agent shall add
$135,000 to such reserve each week.  Upon
the Agent’s receipt of evidence of the Borrower’s payment of all of its weekly federal
and state payroll tax obligations for the preceding quarter, the Agent shall
relieve the entire amount of the cumulative weekly reserves imposed by the
Agent for such quarter and thereafter shall add $135,000 to the reserve for
each week of the following quarter. The reserve against Revolving Credit Availability
under this Section 5 shall be reduced by the $5,000,000 of cash which the
Borrower maintains in a deposit account at U.S. Bank National Association.

 

6.                                       Return of
Travelers Letter of Credit.  The Borrower shall continue to use its best
efforts to cause The Travelers Indemnity Company (“Travelers”) as  promptly as practicable to return to the LC
Issuer the original, undrawn Letter of Credit in the face amount of
$27,000,0000 issued by the LC Issuer to Travelers.  The Borrower shall offer to provide Travelers
cash collateral in the amount of $27,000,000 in exchange for the Borrower’s
requested return of such Letter of Credit, and the Borrower shall obtain such
cash collateral by requesting a Revolving Loan under the Financing Agreement.

 

7.                                       Continued
Imposition of Default Interest.  The Agent shall continue to assess interest
on the Obligations at the Default Rate throughout the Forbearance Period.

 

8.                                       Daily Delivery
of Borrowing Base Certificates and Sales and Collections Reports.  Notwithstanding anything to the contrary set
forth in Section 8.3 of the Financing 

 

3

 

Agreement,
commencing no later than October 7, 2008, the Borrower shall deliver a
Borrowing Base Certificate to the Agent on each Business Day.  With each such delivery of a Borrowing Base
Certificate, the Borrower shall deliver to the Agent a sales and collections
report in form and substance reasonably satisfactory to the Agent.

 

9.                                       Additional
Covenants Relating to Sale of Stock of Australia and New Zealand Subsidiaries.

 

                                                A.  Delivery of Executed Share Sale Agreement.  No later than October 1, 2008, the
Borrower shall furnish the Agent a copy of the fully-executed Share Sale
Agreement relating to the sale of shares of Westaff (Australia) Pty Limited and
Westaff NZ Limited (the “Share Sale Agreement”).

 

                                                B.  Satisfaction of Conditions Precedent to
Share Sale Agreement.  No later than October 31,
2008, the Borrower shall deliver to the Agent evidence, in form and substance
reasonably satisfactory to the Agent, that all conditions precedent to the
effectiveness of the Share Sale Agreement have been satisfied or waived.

 

                                                C.  Delivery and Endorsement of Original Seller
Note.  On the Completion Date under
(and as defined in) the Share Sale Agreement, the Borrower shall deliver to the
Agent the original of the promissory note evidencing the obligation of the
Buyer under (and as defined in) the Share Sale Agreement to pay the Subsequent
payment required to be paid by the Buyer to the Seller pursuant to Section 6.2
of (and as such terms are defined in) the Share Sale Agreement, together with
all required endoresements.

 

                                                D.       Receipt of Initial Cash
Payment of Purchase Price.  No
later than November 8, 2008, the Borrower shall deliver evidence, in form
and substance reasonably satisfactory to the Agent, that the Borrower has
received payment of the portion of the purchase price required by Section 6.1
of the Share Sale Agreement (the “Completion Date Payment”).

 

                                                E.  Maintenance of Completion Date Payment in
US Bank Deposit Account.  The
Borrower shall cause the entire amount of the Completion Date Payment to be
deposited into the Controlled Deposit Account established by the Borrower with
U.S. Bank National Association in conjunction with the Westaff UK Sale (as such
term is defined in the First Amendment to Financing Agreement, dated as of February 14,
2008 by and among the parties to the Financing Agreement) immediately upon the
payment of the Completion Date Payment by the Buyer under (and as defined in)
the Share Sale Agreement.  The Borrower
shall maintain the entire amount of the Completion Date Payment on deposit in
the Controlled Deposit Account at all times prior to the payment date of any
Adjustment Amount required by Section 6.6 of (and as defined in) the Share
Sale Agreement (the “Adjustment Amount Payment Date”).  After the Adjustment Amount Payment Date, the
Borrower may withdraw from the Controlled Deposit Account an amount equal to
the difference between the amount of the Completion Date Payment and
$4,000,000, and the Borrower shall use a portion of such withdrawn amount to
pay Delstaff, LLC (“Delstaff”) $1,000,000 of the outstanding principal
amount, plus accrued interest and a $150,0000 facility fee with respect to the
Borrower’s obligations to Delstaff under the Loan Agreement dated as of August 25,
2008 

 

4

 

between
the Borrower and the other borrowers thereunder, on the one hand, and Delstaff,
on the other hand, and the Subordinated Revolving Note, dated August 25,
2008 executed by the Borrower and such other borrowers in favor of Delstaff.  At no time after the Adjustment Amount
Payment Date shall less than $4,000,000 of the proceeds of the Completion Date
Payment be on deposit in the Controlled Deposit Account or in such other
deposit account under the control of the Agent as the Agent may require or
permit.

 

10.                                 Evidence of
Workers Compensation Policy.  No later than October 31, 2008, the
Borrower shall provide the Agent evidence, in form and substance satisfactory
to the Agent, that the Borrower has renewed its existing workers compensation
insurance policy or obtained a replacement workers compensation insurance
policy, in either case on terms reasonably satisfactory to the Agent.

 

11.                                 General Release.  In consideration of the agreement of the
Agent and the Lenders to enter into this Agreement and hereby conditionally
forbear from exercising their available Default Rights and Remedies throughout
the Forbearance Period, the Borrower and the Parent hereby release, discharge
and acquit the Agent, each Lender and their respective agents, servants,
employees, successors and assigns from any and all claims, demands,
liabilities, obligations and causes of action, whether known or unknown, against
them, which the Borrower or the Parent now own or hold, which the Borrower or
the Parent has at any time heretofore owned or held, or which the Borrower or
the Parent hereafter may own or hold, by reason of any action, matter, cause or
thing whatsoever done prior to the date of this Agreement, including
specifically, but not limited to, any and all claims, demands, rights and causes
of action whatsoever arising out of or which could be alleged to arise out of
the Financing Agreement or any of the other Loan Documents.

 

It
is the intention of the Borrower and the Parent in executing this Agreement
that the same shall be effective as a bar to each and every claim, demand, and
cause of action hereinabove specified, and in furtherance of this intention the
Borrower and the Parent each waives and relinquishes all rights and benefits
under Section 1542 of the Civil Code of the State of California, which
provides:

 

“A general release does not extend to claims which the creditor does
not know or suspect to exist in his favor at the time of executing the release,
which if known by him might have materially affected his settlement with the
debtor.”

 

The
Borrower and the Parent acknowledge that each of them may hereafter discover
facts different from or in addition to those now known or believed to be true
with respect to such claims, demands, or causes of action and agree that this
Agreement shall be and remain effective in all respects notwithstanding any
such differences or additional facts.

 

12.                                 Forbearance Fee.  In consideration of the agreement of the Agent
and the Lenders to enter into this Agreement and hereby conditionally forbear
from exercising their available Default Rights and Remedies throughout the
Forbearance Period, the Borrower shall pay to the Agent, for the ratable
benefit of the Lenders, a one-time forbearance fee in the amount of $25,000
(the “Forbearance Fee”).  The Forbearance
Fee shall be fully-earned, non-refundable 

 

5

 

and
due and payable in one lump sum on the date of this Agreement.  The Borrower and the Parent Guarantor acknowledge
and agree that the Agent shall effect payment of the Forbearance Fee when due
by charging the full amount thereof to the Borrower’s Revolving Loans account.

 

13.                                 Condition
Precedent.  The
effectiveness of this Agreement shall be subject to the Agent’s receipt of this
Agreement, duly executed by the Borrower, the Parent Guarantor and each of the
Lenders.

 

14.                                 Reaffirmation
and Ratification.  The Borrower
and the Parent Guarantor hereby reaffirm, ratify and confirm their respective Obligations
under the Financing Agreement and the other Loan Documents, acknowledge that
all of the terms and conditions in the Financing Agreement remain in full force
and effect, and further acknowledge that the security interests granted to
Agent in the Collateral are valid and perfected.

 

15.                                 Integration.  This Agreement constitutes the entire
agreement of the parties in connection with the subject matter hereof and
cannot be changed or terminated orally. 
All prior agreements, understandings, representations, warranties and
negotiations regarding the subject matter hereof, if any, are merged into this
Agreement.

 

16.                                 Counterparts.  This Agreement may be executed in multiple
counterparts, each of which when so executed and delivered shall be deemed an
original, and all of which, taken together, shall constitute but one and the
same agreement.

 

17.                                 Governing Law.  This Agreement shall be governed by, and
construed and enforced in accordance with, the internal laws (as opposed to the
conflicts of law principles) of the State of California.

 

[Rest of page intentionally left blank;
signature pages follow]

 

6

 

IN WITNESS WHEREOF, the parties hereto have
executed this Agreement by their respective duly authorized officers as of the
date first above written.

 

 

	
   

  	
  WESTAFF (USA), INC.,

  
	
   

  	
  a California corporation,

  
	
   

  	
  as the Borrower

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Christa C. Leonard

  
	
   

  	
   

  	
  Christa C. Leonard

  
	
   

  	
   

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  WESTAFF, INC.,

  
	
   

  	
  a Delaware corporation,

  
	
   

  	
  as the Parent Guarantor

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Christa C. Leonard

  
	
   

  	
   

  	
  Christa C. Leonard

  
	
   

  	
   

  	
  Chief Financial Officer

  

 

1

 

	
   

  	
  U.S. BANK NATIONAL
  ASSOCIATION,

  
	
   

  	
  as the Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Greg F. Ennis

  
	
   

  	
   

  	
  Greg F. Ennis

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  U.S. BANK NATIONAL
  ASSOCIATION,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Greg F. Ennis

  
	
   

  	
   

  	
  Greg F. Ennis

  
	
   

  	
   

  	
  Vice President

  

 

2

 

	
   

  	
  WELLS FARGO BANK,

  
	
   

  	
  NATIONAL ASSOCIATION,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Tony S. Lee

  
	
   

  	
   

  	
  Tony S. Lee

  
	
   

  	
   

  	
  Vice President

  

 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00148-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00148-of-00352.parquet"}]]