Document:

Exhibit 10.2

 

MASTER REAFFIRMATION OF AND AMENDMENT TO COLLATERAL DOCUMENTS

 

This MASTER REAFFIRMATION OF AND AMENDMENT TO COLLATERAL DOCUMENTS (this “Master Reaffirmation”) is made as of January 20, 2017, by and among WILLDAN GROUP, INC., a Delaware corporation (the “Borrower”), the other parties executing this Master Reaffirmation under the heading “Debtors” (the Borrower and such other parties are collectively referred to herein as the “Debtors” and each individually as a “Debtor”), and BMO HARRIS BANK N.A., a national banking association (the “Bank”), as the lender.  Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to them in the Amended and Restated Credit Agreement (as hereinafter defined).

 

W I T N E S S E T H:

 

WHEREAS, the parties hereto have previously entered into that certain Credit Agreement dated as of March 24, 2014 (as amended, supplemented or otherwise modified prior to the date hereof, the “Prior Credit Agreement”), pursuant to which, among other things, the Bank made certain loans and other financial accommodations to the Borrower, subject to the terms and conditions set forth therein;

 

WHEREAS, each of the Debtors has reviewed, consented to and executed various agreements, documents and instruments in connection with the Prior Credit Agreement, including but not limited to, the “Collateral Documents” (as defined in the Prior Credit Agreement) (collectively, the “Existing Collateral Documents”);

 

WHEREAS, the Borrower, the Guarantors and the Bank have agreed to amend and restate the Prior Credit Agreement pursuant to that certain Amended and Restated Credit Agreement dated as of January 20, 2017 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Amended and Restated Credit Agreement”), without constituting a novation;

 

WHEREAS, each Debtor shall derive both direct and indirect additional benefits from the loans and other financial accommodations (collectively, the “Loans”) made pursuant to or otherwise evidenced or governed by the Amended and Restated Credit Agreement;

 

WHEREAS, it is a condition precedent to the effectiveness of the Amended and Restated Credit Agreement that each Debtor enter into this Master Reaffirmation to acknowledge and agree that the Existing Collateral Documents, and the liens, security interests and guarantees granted and issued thereunder, secure and guaranty the Obligations, Hedging Liability, and Bank Product Obligations under the Amended and Restated Credit Agreement;

 

NOW, THEREFORE, in consideration of the premises set forth herein and to induce the Bank to make the Loans pursuant to the Amended and Restated Credit Agreement, and to enter into and perform obligations under the Amended and Restated Credit Agreement and for other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, each of the undersigned hereby agrees as follows:

 

 

SECTION 1.                                             AMENDMENTS TO THE EXISTING COLLATERAL DOCUMENTS.

 

1.01        All references in the Existing Collateral Documents to BMO Harris Bank N.A. as “Bank” (or words of similar import) shall be deemed to refer to BMO Harris Bank N.A. as Bank under the Amended and Restated Credit Agreement.  All references in the Existing Collateral Documents to the “Loan” or “Loans” shall be deemed to refer to and include, but not be limited to, all Loans under the Amended and Restated Credit Agreement.  All references in the Existing Collateral Documents to the “Obligations,” “Hedging Liability,” “Bank Product Obligations” or any other obligations, liabilities or indebtedness of any Loan Party owing from time to time to the “Bank” or the “Secured Party” (or words of similar import) shall refer to, and for all purposes shall be deemed and construed to refer to, without limitation, the Obligations, Hedging Liability, and Bank Product Obligations, respectively, under the Amended and Restated Credit Agreement.  Without limiting the generality of the foregoing, it is expressly understood and agreed that the Obligations shall include, and the Liens on the Collateral shall secure, payment of the Loans, including, but not limited to, the additional loans, all accrued and unpaid interest thereon and all other amounts due and payable in respect thereof.  All references in the Existing Collateral Documents to the “Credit Agreement” (or words of similar import) shall refer to, and for all purposes shall be deemed and construed to refer to, the Amended and Restated Credit Agreement.  All references in the Existing Collateral Documents to the “Collateral Documents” shall refer to, and for all purposes shall be deemed and construed to refer to, the Collateral Documents, including, but not limited to, any Collateral Documents delivered in connection with the Amended and Restated Credit Agreement.

 

1.02.       Schedules A through F of the Security Agreement are hereby amended by deleting such schedules in their entirety and substituting therefor the replacement schedules attached hereto as Exhibit A (such amended and substituted schedules, the “Amended Security Schedules”).

 

SECTION 2.                                             REAFFIRMATION.

 

Each Debtor, as debtors, grantors, pledgors, guarantors, mortgagors, assignors, as applicable, or in other similar capacities in which any such Debtor grants liens or security interests in its properties or otherwise act as accommodation parties or guarantors, as the case may be, in any case under the Existing Collateral Documents, hereby ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each such Existing Collateral Document to which it is a party and, to the extent such Debtor granted liens on or security interests in any of its properties pursuant to any such Existing Collateral Documents as security for the Obligations under or with respect to the Prior Credit Agreement or the Amended and Restated Credit Agreement, any Hedging Liability and any Bank Product Obligations, each hereby ratifies and reaffirms such grant of liens and security interests and confirms and agrees that such liens and security interests hereafter secure all of the Obligations, Hedging Liability, and Bank Product Obligations, including, without limitation, all additional Obligations, Hedging Liability, and Bank Product Obligations resulting from the Amended and Restated Credit Agreement, in each case as if each reference in such Existing Collateral Documents to the obligations secured thereby are construed to hereafter mean and refer to such Obligations under the Amended and Restated Credit Agreement, any Hedging Liability and any Bank Product

 

2

 

Obligations.  Each Debtor hereby acknowledges receipt of a copy of the Amended and Restated Credit Agreement and hereby consents to the terms and conditions of the Amended and Restated Credit Agreement, subject to the limitations, if any, set forth therein, and each Debtor hereby acknowledges that each of the Existing Collateral Documents remains in full force and effect and is hereby ratified and confirmed.  The execution of this Master Reaffirmation shall not operate as (i) a novation of any of the “Obligations,” “Hedging Liability,” “Bank Product Obligations,” “Secured Obligations,” or any other obligations, liability or indebtedness under the Prior Credit Agreement or the Amended and Restated Credit Agreement or the Existing Collateral Documents or (ii) a waiver of any right, power or remedy of the Bank, nor constitute a waiver of any provision of any of the Existing Collateral Documents.

 

SECTION 3.                                             MISCELLANEOUS.

 

3.01.       This Master Reaffirmation shall be binding upon each Debtor and upon its respective successors and assigns and shall inure to the benefit of the Bank and its respective successors and assigns.  The successors and assigns of such entities shall include, without limitation, their respective receivers, trustees, or debtors-in-possession.

 

3.02.       The Debtors hereby agree from time to time, upon reasonable request, by the Bank, to execute and deliver or cause to be executed and delivered, all such documents, instruments and agreements and to take or cause to be taken such further or other action as the Bank may reasonably deem necessary or desirable in order to carry out the intent and purposes of this Master Reaffirmation and the Existing Collateral Documents.

 

3.03.       The section headings herein are for convenience of reference only, and shall not affect in any way the interpretation of any of the provisions hereof.  All references to the singular shall be deemed to include the plural and vice versa where the context so requires.

 

3.04.       THIS MASTER REAFFIRMATION SHALL BE DEEMED TO HAVE BEEN MADE IN THE STATE OF ILLINOIS AND SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF ILLINOIS.

 

3.05.       Wherever possible, each provision of this Master Reaffirmation shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Master Reaffirmation shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this Master Reaffirmation.

 

3.06.       This Master Reaffirmation represents the final agreement of the Debtors with respect to the matters contained herein and may not be contradicted by evidence of prior or contemporaneous agreements, or prior or subsequent oral agreements, among any of the Debtors, the Bank.

 

3.07.       This Master Reaffirmation may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page of this Master Reaffirmation by facsimile or in electronic (e.g., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Master Reaffirmation.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGES TO FOLLOW]

 

3

 

IN WITNESS WHEREOF, this Master Reaffirmation has been duly executed by each of the undersigned as of the day and year first set forth above.

 

	
 
    	
“DEBTORS”
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
WILLDAN   GROUP, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
ELECTROTEC OF NY   ELECTRICAL INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
PUBLIC AGENCY RESOURCES
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
WILLDAN ENERGY   SOLUTIONS
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
WILLDAN ENGINEERING
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    

 

[Signature Page to Master Reaffirmation of and Amendment to Collateral Documents]

 

 

	
 
    	
WILLDAN ENGINEERS AND   CONSTRUCTORS
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
WILLDAN FINANCIAL   SERVICES
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
WILLDAN HOMELAND   SOLUTIONS
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
WILLDAN INFRASTRUCTURE
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
WILLDAN   LIGHTING & ELECTRIC, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
WILLDAN   LIGHTING & ELECTRIC OF CALIFORNIA
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    

 

[Signature Page to Master Reaffirmation of and Amendment to Collateral Documents]

 

 

	
 
    	
WILLDAN   LIGHTING & ELECTRIC OF WASHINGTON, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name  Thomas D. Brisbin
    
	
 
    	
 
    	
Title    Chairman of the Board
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
GENESYS ENGINEERING,   P.C.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Stacy McLaughlin
    
	
 
    	
 
    	
Name
    	
Stacy McLaughlin
    
	
 
    	
 
    	
Title
    	
Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
ABACUS RESOURCE MANAGEMENT   COMPANY
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/ Thomas D. Brisbin
    
	
 
    	
 
    	
Name
    	
Thomas D. Brisbin
    
	
 
    	
 
    	
Title
    	
Chairman of the Board
    
	
 
    	
 
    

 

[Signature Page to Master Reaffirmation of and Amendment to Collateral Documents]

 

 

ACKNOWLEDGED AND ACCEPTED as of the date first written above:

 

BMO HARRIS BANK N.A., as Bank

 

 

	
By:
    	
/s/ Maria Wisniewski
    	
 
    
	
 
    	
Name:  Maria Wisniewski
    
	
 
    	
Title:  Director
    

 

[Signature Page to Master Reaffirmation of and Amendment to Collateral Documents]

 

 

EXHIBIT A

 

SCHEDULE A

 

LOCATIONS

 

	
COLUMN 1
    	
 
    	
COLUMN 2
    	
 
    	
COLUMN 3
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
NAME OF DEBTOR (AND   STATE OF ORGANIZATION AND ORGANIZATIONAL REGISTRATION NUMBER)
    	
 
    	
CHIEF EXECUTIVE OFFICE   (AND NAME OF RECORD OWNER OF SUCH LOCATION)
    	
 
    	
ADDITIONAL PLACES OF   BUSINESS AND COLLATERAL LOCATIONS (AND NAME OF RECORD OWNER OF SUCH   LOCATIONS)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.

(DE; 4108121)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
9281 Office Park Circle

Suite 100

Elk Grove, CA 95758-8069

(Record Owner: Jackson II, LLC)

 

445 North Wells Street

Suite 203

Chicago, IL 60654-4582

(Record Owner: 445 North Wells Limited Partnership)

 

88 Pine Street, 18th Floor

New York, NY 10005

(Record Owner: QBE Reinsurance Corp)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Electrotec of NY Electrical Inc.

(NY; 140310010019)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Public Agency Resources

(CA; 2708221)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Energy Solutions

(CA; 2565945)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
751 North Vernon Avenue

Azusa, CA 91702

(Record Owner: Robert J. & Yolanda Miller,   Trustee of the Miller Family Trust)

 

6120 Stoneridge Mall Road

Suite 250

Pleasonton, CA 94588

(Record Owner: NPC Holdings, LLC)
    

 

 

	
 
    	
 
    	
 
    	
 
    	
3760 Convoy Street

Suite 205

San Diego, CA 92111-9739

(Record Owner: Kearny Mesa Office Center, LLC)

 

4449 Easton Way, 2nd Floor

Columbus, OH 43219

(Record Owner: Regus Management Group, LLC)

 

9601 Katy Freeway, Suite 375

Houston, TX 77024

(Record Owner: Briarhollow LLC)

 

22122 20th Avenue SE

Building H

Suite 162

Bothell, WA 98021-4442

(Record Owner: Teachers Insurance & Annuity   Association of America)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Engineering

(CA; 471566)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
1440 East Missouri Ave

Suite C170

Phoenix, AZ 85014-2460

(Record Owner: Plaza Squaw Peak LLC)

 

1515 S. Sunkist Street

Suite E

Anaheim CA 92806-5909

(Record Owner: RREEF America REIT II Portfolio,   L.P.)

 

2014 Tulare Street

Suite 515

Fresno, CA 93721-2011

(Record Owner: T.W. Patterson Investors)

 

13191 Crossroads Pkwy North

Suite 405

Industry, CA 91746-3443

(Record Owner: RR&C Development Company and   Redlands Joint Venture LLC)

 

2400 Washington Avenue

Suite 101

Redding, CA 96001-2839

(Record Owner: Northern Valley Catholic Social   Service, Inc)

 

2240 Douglas Boulevard

Suite 270

Roseville, CA 95661

(Record Owner: Lum Yip Kee, Limited)
    

 

A-2

 

	
 
    	
 
    	
 
    	
 
    	
650 E. Hospitality Lane

Suite 250

San Bernadino, CA 92408-3835

(Record Owner: Rancon Realty Fund V Subsidiary, LLC)

 

374 Poli Street, Suite 101

Ventura, CA 93001-2605

(Record Owner: Sespe Consulting)

 

9017 S. Pecos Road

Suite 4430

Henderson, NY 89074

(Record Owner: Pecos I-215 Executive Suites, LLC)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Engineers and Constructors

(CA; 3122393)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Financial Services

(CA; 1439686)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
1939 Harrison Street

Suite 430

Oakland, CA 94612-3527

(Record Owner: Park Plaza Oakland LP)

 

27368 Via Industria, Suite 110

Temecula, CA 92590-4856

(Record Owner: LBUBS 2007-C1 Via Industria Limited   Partnership)

 

200 South Orange Ave

Suite 1550

Orlando, FL 32801

(Record Owner: Robert W. BAaird & Co.   Incorporated)

 

3140 Washington Boulevard

Suite 222

Arlington, VA 22201

(Record Owner: Link Locale)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Homeland Solutions

(CA; 2707895)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Infrastructure

(CA; 3619121)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
 
    

 

A-3

 

	
Willdan Lighting & Electric, Inc.

(DE; 5130259)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
333 South Van Brunt Street

Suite C

Englewood, NJ 07631

(Record Owner: Harco Industries U.S.A., Inc.)

 

200 Middlesex Essex Turnpike,

Suite 304

Iselin, NJ 08830

(Record Owner: Metro Middlesex Limited Partnership)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Lighting & Electric of California

(CA; 3584997)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Lighting & Electric of   Washington, Inc.

(WA; 603321769)
    	
 
    	
2401 E. Katella Avenue

Suite 300

Anaheim, CA 92806-5909

(Record Owner: Metroplex Office Investors, LP)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Abacus Resource Management Company

(WA; 23790942)
    	
 
    	
12655 SW Center Street

Suite 250

Beaverton, Oregon 97005

Owner: American Property Management
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Genesys Engineering, P.C.

(NY: 3075723)
    	
 
    	
629 5th Avenue

Pelham, New York 10803

(6295th Avenue Realty LLC

3010 Westchester Ave, Ste. 106

Purchase, NY 10577)
    	
 
    	
38 Maiden Lane

Kingston, NY

(Historic Properties Preservation, LLC 12401

80 Walnut Street

Kingston, NY 12401)
    

 

A-4

 

SCHEDULE B

 

OTHER NAMES

 

A.                                    PRIOR LEGAL NAMES

 

Willdan Group, Inc.: Willdan Group of Companies

 

Willdan Engineer: Arroyo Geotechnical, Willdan Geotechnical, Willdan Resource Solutions

 

Abacus Resource Management Company: Abacus Energy Services Company

 

B.                                    TRADE NAMES

 

None.

 

 

SCHEDULE C

 

INTELLECTUAL PROPERTY RIGHTS

 

FEDERAL TRADEMARK REGISTRATIONS

 

	
DEBTOR
    	
 
    	
MARKS
    	
 
    	
REG. NO.
    	
 
    	
GRANTED
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
Willdan   Group, Inc.
    	
 
    	
3294052
    	
 
    	
9/18/2007
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
WWWW Willdan   Group, Inc.
    	
 
    	
3294051
    	
 
    	
9/18/2007
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
The Willdan Group of   Companies
    	
 
    	
3287962
    	
 
    	
9/4/2007
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
W
    	
 
    	
3317457
    	
 
    	
10/23/2007
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
W
    	
 
    	
3867937
    	
 
    	
10/26/2010
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
Extending Your Reach
    	
 
    	
3867936
    	
 
    	
10/26/2010
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
Willdan
    	
 
    	
3867935
    	
 
    	
10/26/2010
    

 

U.S. PATENT NUMBERS

 

None.

 

U.S. COPYRIGHT NUMBERS

 

	
DEBTOR
    	
 
    	
UNITED STATES
   COPYRIGHT NO. /
   APPLICATION NO.
    	
 
    	
TITLE OF COPYRIGHT
    	
 
    	
REG. DATE /
   FILING DATE
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Financial Services
    	
 
    	
TXu001321711
    	
 
    	
Computer File
    	
 
    	
2006-11-13
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Engineering
    	
 
    	
TXu001334600
    	
 
    	
Computer File
    	
 
    	
2006-11-13
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
TX0002785608
    	
 
    	
Text
    	
 
    	
1990-03-27
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
TX0001117648
    	
 
    	
Text
    	
 
    	
1983-02-16
    

 

 

SCHEDULE D

 

REAL ESTATE LEGAL DESCRIPTIONS

 

1.                                      12655 SW Center Street, Suite 250, Beaverton, Oregon 97005 (Lease)

 

 

SCHEDULE E

 

INVESTMENT PROPERTY AND DEPOSITS

 

A.                                    INVESTMENT PROPERTY

 

	
NAME OF DEBTOR
    	
 
    	
NAME OF
   SUBSIDIARY ISSUER
    	
 
    	
TYPE OF
   ORGANIZATION
   (E.G., CORPORATION,
   PARTNERSHIP,
   LIMITED LIABILITY
   COMPANY)
    	
 
    	
JURISDICTION OF
   ORGANIZATION
    	
 
    	
NO. OF ISSUED
   SHARES/UNITS
    	
 
    	
CERTIFICATE
   NO. (IF ANY)
    	
 
    	
PERCENTAGE
   OF ISSUER’S
   EQUITY
   INTERESTS
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Lighting &   Electric of California
    	
 
    	
Electrotec of NY Electrical   Inc.
    	
 
    	
Corporation
    	
 
    	
New York
    	
 
    	
1
    	
 
    	
1
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
Public Agency Resources
    	
 
    	
Corporation
    	
 
    	
California
    	
 
    	
100
    	
 
    	
1
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
Willdan Energy Solutions
    	
 
    	
Corporation
    	
 
    	
California
    	
 
    	
1,000,000
    	
 
    	
1
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
Willdan Engineering
    	
 
    	
Corporation
    	
 
    	
California
    	
 
    	
100
    	
 
    	
121
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
Willdan Engineers and   Constructors
    	
 
    	
Corporation
    	
 
    	
California
    	
 
    	
1
    	
 
    	
1
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
Willdan Financial Services
    	
 
    	
Corporation
    	
 
    	
California
    	
 
    	
10,000
    	
 
    	
11
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
Willdan Homeland Solutions
    	
 
    	
Corporation
    	
 
    	
California
    	
 
    	
100
    	
 
    	
1
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Group, Inc.
    	
 
    	
Willdan Infrastructure
    	
 
    	
Corporation
    	
 
    	
California
    	
 
    	
1
    	
 
    	
1
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Energy Solutions
    	
 
    	
Willdan Lighting &   Electric, Inc.
    	
 
    	
Corporation
    	
 
    	
Delaware
    	
 
    	
1
    	
 
    	
1
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Energy Solutions
    	
 
    	
Willdan Lighting &   Electric of California
    	
 
    	
Corporation
    	
 
    	
California
    	
 
    	
100
    	
 
    	
1
    	
 
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Willdan Energy Solutions
    	
 
    	
Willdan Lighting &   Electric of Washington, Inc.
    	
 
    	
Corporation
    	
 
    	
Washington
    	
 
    	
100
    	
 
    	
1
    	
 
    	
100
    	
%
    

 

 

B.                                    DEPOSITS

 

***

 

 

SCHEDULE F

 

COMMERCIAL TORT CLAIMS

 

None.FIRST
AMENDMENT TO THE AMENDED AND RESTATED LOAN AGREEMENT

 

THIS
AGREEMENT is made and entered into this 20th day of January 2017, and effective the 30th day of November
2016.

 

BETWEEN:

 

LIBERTY
SILVER CORP., a corporation duly existing under the laws of the State of Nevada

 

(“Liberty
Silver”)

 

OF
THE FIRST PART

-and-

 

BG
CAPITAL GROUP LTD., a corporation duly existing under the laws of Barbados

 

(“BG
Capital”)

 

OF
THE SECOND PART

 

WHEREAS
the parties hereto have entered into a loan agreement dated and made effective as of November 14, 2013 and amended and restated
effective October 15, 2014 (the “Loan Agreement”);

 

AND
WHEREAS pursuant to the terms of the Loan Agreement, BG Capital has extended to Liberty Silver a non-revolving term loan facility
in the principal amount of US$1,250,000. (the “Second Advances Principal Amount”), pursuant to which facility
Liberty Silver has drawn in instalments between September 30, 2014 and September 27, 2016 the aggregate of US$1,250,000, thereby
reaching the limit of the Second Advances Principal Amount available to it under the Loan Agreement;

 

AND
WHEREAS on November 28, 2016, an additional unsecured loan of US$150,000 was made by BG Capital to Liberty Silver (the “2016
Loan”);

 

AND
WHEREAS pursuant to the notice given by Liberty Silver to BG Capital on September 25, 2015 and pursuant to Section 5.2 of
the Loan Agreement, the Second Maturity Date, as such term is defined in the Loan Agreement has been extended by period of six
(6) months from October 15, 2015 to April 15, 2016;

 

AND
WHEREAS the Liberty Silver has conducted a share consolidation on a 1:15 basis so that a one (1) post-consolidation common
share of Liberty Silver was exchanged for every fifteen (15) pre-consolidation common shares of Liberty Silver (the “Share
Conversion”);

 

 

    	 	1	 

    	 

    

 

AND
WHEREAS the parties hereto desire to include the 2016 Loan into the amended Second Advances Principal Amount, so as to allow
the conversion of the total indebtedness of Liberty Silver to BG Capital comprised of the Second Advances Principal Amount, 2016
Loan, and the interest accrued thereunder into common shares of Liberty Silver pursuant to Section 6.1 of the Loan Agreement and
adjusting the conversion price contemplated in the Loan Agreement by the ratio of the Share Conversion;

 

AND
WHEREAS the parties hereto have agreed that the effective date of this Agreement shall be November 30, 2016;

 

AND
WHEREAS the parties hereto have agreed to amend the Loan Agreement as set forth below;

 

NOW
THEREFORE THIS AGREEMENT WITNESSES that for good and valuable consideration the parties agree as follows:

 

	1.	 	The
    definition of “Second Maturity Date” is deleted in its entirety and the following is substituted in its place:
    “Second Maturity Date” means the December 31, 2016.”
	 	 	 
	2.	 	The
    definition of “Second Commitment” is amended by deleting “$1,250,000” and substituting it with “$1,400,000”.
	 	 	 
	3.	 	Section
    3.2 is amended by deleting the current section and substituting it with the following paragraph 

 

“The
Borrower may borrow up to the Second Commitment by way of a number of separate loan advances (each a “Second Advance”),
made on certain dates as agreed by the Borrower and the Lender (each a “Second Advance Date”). Immediately
following the advance of $150,000 made to the Borrower by the Lender on November 28, 2016, all Second Advances comprising in the
aggregate and excluding interest $1,400,000, are made and no further Second Advance is available under the Second Commitment.”

 

	4.	 	Section
    6.1 is amended by deleting “conversion price of $0.0125” and substituting it with “conversion price of $0.1875”.

 

 

    	 	2	 

    	 

    

 

	5.	 	In
    all other respects, the Loan Agreement remains in full force and effect, unamended in accordance with the terms thereof. 
	 	 	 
	6.	 	This
    agreement may be executed in counterparts and delivered by facsimile or other means of electronic reproduction, and each copy
    so executed and delivered shall be deemed to be an original, and all such counterparts together shall constitute one and the
    same instrument.
	 	 	 
	7.	 	This
    agreement is governed by and will be construed in accordance with the laws of the Province of Ontario and the federal laws
    of Canada applicable therein, without giving effect to any rule or principle of the conflict of laws that would apply the
    laws of any other jurisdiction. The parties agree to attorn to the non-exclusive jurisdiction of the courts of Ontario in
    respect of any legal proceedings in respect of or relating to this agreement.

 

[The
remainder of this page was intentionally left blank]

 

 

    	 	3	 

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on this 20th day of January 2017.

 

	 	LIBERTY SILVER CORP.
	 	 	 
	 	By:
    	(signed
    Howard Crosby)
	 	Name:	H.
    Crosby
	 	Title:	CEO

 

	 	BG CAPITAL GROUP LTD

	 	 
	 	By: 	(signed Robert Genovese) 
	 	Name:	Robert
    Genovese 
	 	Title:	 

 

    	 	4

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