Document:

smsi-ex1014_63.htm

 

Exhibit 10.14

Voting Agreement

This Voting Agreement (this “Agreement”), dated as of March 5, 2018 between the undersigned stockholder (“Stockholder”) of SMITH MICRO SOFTWARE, INC., a Delaware corporation (the “Company”), and the Company.

WHEREAS, concurrently with or following the execution of this Agreement, the Company, has entered, or will enter, into a Securities Purchase Agreement (the “Purchase Agreement”), providing for, among other things, the sale and delivery of up to an aggregate of $5,000,000 of Shares and Warrants (each as defined in the Purchase Agreement) to the Purchasers identified on the signature pages to the Purchase Agreement;

WHEREAS, as a condition to their willingness to enter into the Purchase Agreement, the Purchasers have required that Stockholder execute and deliver this Agreement; and

WHEREAS, in order to induce the Purchasers to enter into the Purchase Agreement, Stockholder is willing to make certain representations, warranties, covenants and agreements with respect to the shares of Common Stock beneficially owned by Stockholder and set forth below Stockholder’s signature on the signature page hereto (the “Original Shares” and, together with any additional shares of Company Common Stock pursuant to Section 6 hereof, the “Shares”).

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

1.Definitions.

For purposes of this Agreement, capitalized terms used and not defined herein shall have the respective meanings ascribed to them in the Purchase Agreement.

2.Representations of Stockholder.

Stockholder represents and warrants to the Company that:

(a)(i) Stockholder owns beneficially (as such term is defined in Rule 13d-3 under the Exchange Act) all of the Original Shares free and clear of all Liens, and (ii) except pursuant hereto, there are no options, warrants or other rights, agreements, arrangements or commitments of any character to which Stockholder is a party relating to the pledge, disposition or voting of any of the Original Shares and there are no voting trusts or voting agreements with respect to the Original Shares.

 

 

(b)Stockholder does not beneficially own any shares of Company Common Stock other than (i) the Original Shares and (ii) any options, warrants or other rights to acquire any additional shares of Company Common Stock or any security exercisable for or convertible into shares of Company Common Stock, set forth on the signature page of this Agreement (collectively, “Options”).

(c)Stockholder has full corporate power and authority to enter into, execute and deliver this Agreement and to perform fully Stockholder’s obligations hereunder (including the proxy described in Section 3(b) below). This Agreement has been duly and validly executed and delivered by Stockholder and constitutes the legal, valid and binding obligation of Stockholder, enforceable against Stockholder in accordance with its terms.

(d)None of the execution and delivery of this Agreement by Stockholder, the consummation by Stockholder of the transactions contemplated hereby or compliance by Stockholder with any of the provisions hereof will conflict with or result in a breach, or constitute a default (with or without notice of lapse of time or both) under any provision of, any trust agreement, loan or credit agreement, note, bond, mortgage, indenture, lease or other agreement, instrument, law or regulation applicable to Stockholder or to Stockholder’s property or assets.

(e)No consent, approval or authorization of, or designation, declaration or filing with, any governmental authority or other Person on the part of Stockholder is required in connection with the valid execution and delivery of this Agreement. To the extent the consent of Stockholder’s spouse is necessary under any “community property” or other laws in order for Stockholder to enter into and perform its obligations under this Agreement, such spouse has provided such consent by executing a signature page hereto.

3.Agreement to Vote Shares; Irrevocable Proxy.

(a)Stockholder agrees during the term of this Agreement to vote the Shares in favor of any proposal to allow the conversion of the Series B Preferred Stock in full (without regard to the 19.99% ownership limitation contained in the Certificate of Designation with respect thereto) into Common Stock, that may be recommended by the Company’s Board of Directors.

(b)Stockholder hereby appoints the Company and any designee of the Company, and each of them individually, its proxies and attorneys-in-fact, with full power of substitution and resubstitution, to vote during the term of this Agreement with respect to the Shares in accordance with Section 3(a). This proxy and power of attorney is given to secure the performance of the duties of Stockholder under this Agreement. Stockholder shall take such further action or execute such other instruments as may be necessary to effectuate the intent of this proxy. This proxy and power of attorney granted by Stockholder shall be irrevocable during the term of this Agreement, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by Stockholder with respect to the Shares and the matters contemplated in Section 3(a). The power of attorney granted by Stockholder herein is 

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a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of Stockholder. The proxy and power of attorney granted hereunder shall terminate upon the termination of this Agreement. 

4.No Voting Trusts or Other Arrangement.

Stockholder agrees that Stockholder will not, and will not permit any entity under Stockholder’s control to, deposit any of the Shares in a voting trust, grant any proxies with respect to the Shares or subject any of the Shares to any arrangement with respect to the voting of the Shares other than as provided for in the Transaction Documents. 

5.Transfer and Encumbrance.

Stockholder agrees that during the term of this Agreement, Stockholder will not, directly or indirectly, transfer, sell, offer, exchange, assign, pledge or otherwise dispose of or encumber (“Transfer”) any of the Shares or enter into any contract, option or other agreement with respect to, or consent to, a Transfer of, any of the Shares or Stockholder’s voting or economic interest therein, unless any such recipient of such transferred Shares agrees to execute a Voting Agreement with respect to the Transfer containing these identical terms. Any attempted Transfer of Shares or any interest therein in violation of this Section 5 shall be null and void. This Section 5 shall not prohibit a Transfer of the Shares by Stockholder to any member of Stockholder’s immediate family, or to a trust for the benefit of Stockholder or any member of Stockholder’s immediate family, upon the death of Stockholder, or to an Affiliate of Stockholder; provided, that a Transfer referred to in this sentence shall be permitted only if, as a precondition to such Transfer, the transferee agrees to be bound by all of the terms of this Agreement.

6.Additional Shares.

Stockholder agrees that all shares of Company Common Stock that Stockholder purchases, acquires the right to vote or otherwise acquires beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) of after the execution of this Agreement but prior to the record date for the meeting of stockholders of the Company contemplated by the Purchase Agreement, shall be subject to the terms of this Agreement and shall constitute Shares for all purposes of this Agreement. 

7.Termination.

This Agreement shall terminate upon the earliest to occur of (i) the conversion of the Series B Preferred Stock in full, (ii) the affirmative determination by the Company’s Board of Directors to abandon or discontinue efforts to solicit the requisite stockholder approval to effectuate such conversion, or (iii) the mutual agreement of both parties hereto.

8.No Agreement as Director or Officer.

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Stockholder makes no agreement or understanding in this Agreement in Stockholder’s capacity as a director or officer of the Company or any of its subsidiaries (if Stockholder holds such office), and nothing in this Agreement: (a) will limit or affect any actions or omissions taken by Stockholder in stockholder’s capacity as such a director or officer, and no such actions or omissions shall be deemed a breach of this Agreement or (b) will be construed to prohibit, limit or restrict Stockholder from exercising Stockholder’s fiduciary duties as an officer or director to the Company or its stockholders. 

9.Specific Performance.

Each party hereto acknowledges that it will be impossible to measure in money the damage to the other party if a party hereto fails to comply with any of the obligations imposed by this Agreement, that every such obligation is material and that, in the event of any such failure, the other party will not have an adequate remedy at law or damages. Accordingly, each party hereto agrees that injunctive relief or other equitable remedy, in addition to remedies at law or damages, is the appropriate remedy for any such failure and will not oppose the seeking of such relief on the basis that the other party has an adequate remedy at law. Each party hereto agrees that it will not seek, and agrees to waive any requirement for, the securing or posting of a bond in connection with the other party’s seeking or obtaining such equitable relief. 

10.Entire Agreement.

This Agreement supersedes all prior agreements, written or oral, between the parties hereto with respect to the subject matter hereof and contains the entire agreement between the parties with respect to the subject matter hereof. This Agreement may not be amended or supplemented, and no provisions hereof may be modified or waived, except by an instrument in writing signed by both of the parties hereto. No waiver of any provisions hereof by either party shall be deemed a waiver of any other provisions hereof by such party, nor shall any such waiver be deemed a continuing waiver of any provision hereof by such party. 

11.Notices.

All notices, requests, claims, demands, and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt), (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested), or (c) on the date sent by e-mail of a PDF document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the recipient. Such communications must be sent to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 11):

If to the Company:

Smith Micro Software, Inc.

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5800 Corporate Drive
Pittsburgh, PA 15267 USA

Attention: Timothy C. Huffmyer, Chief Financial Officer

with a copy to:

Buchanan Ingersoll & Rooney PC

301 Grant Street, 20th Floor

Pittsburgh, PA 15219

Attention: Jennifer R. Minter

If to Stockholder, to the address or email address set forth for Stockholder on the signature page hereof.

12.Miscellaneous.

(a)This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of Laws of any jurisdiction other than those of the State of New York.

(b)Each of the parties hereto irrevocably agrees that any legal action or proceeding with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising hereunder brought by the other party hereto or its successors or assigns shall be brought and determined exclusively in the state and federal courts sitting in the City of New York. Each of the parties hereto agrees that mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 11 or in such other manner as may be permitted by applicable Laws, will be valid and sufficient service thereof. Each of the parties hereto hereby irrevocably submits with regard to any such action or proceeding for itself and in respect of its property, generally and unconditionally, to the personal jurisdiction of the state and federal courts sitting in the City of New York, Borough of Manhattan and agrees that it will not bring any action relating to this Agreement or any of the transactions contemplated by this Agreement in any court or tribunal other than the aforesaid courts. Each of the parties hereto hereby irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any action or proceeding with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising hereunder (i) any claim that it is not personally subject to the jurisdiction of the above named courts for any reason other than the failure to serve process in accordance with this Section 12(b), (ii) any claim that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise), and (iii) to the fullest extent permitted by the applicable Law, any claim that (x) the suit, action or proceeding in such court is 

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brought in an inconvenient forum, (y) the venue of such suit, action or proceeding is improper, or (z) this Agreement, or the subject matter hereof, may not be enforced in or by such courts.

(c)EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 12(c).

(d)If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.

(e)This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument. 

(f)Each party hereto shall execute and deliver such additional documents as may be necessary or desirable to effect the transactions contemplated by this Agreement. 

(g)All Section headings herein are for convenience of reference only and are not part of this Agreement, and no construction or reference shall be derived therefrom.

(h)The obligations of Stockholder set forth in this Agreement shall not be effective or binding upon Stockholder until after such time as the Purchase Agreement is executed and delivered by the Company and the Purchasers, and the parties agree that there is not and has not been any other agreement, arrangement or understanding between the parties hereto with respect to the matters set forth herein.

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(i)Neither party to this Agreement may assign any of its rights or obligations under this Agreement without the prior written consent of the other party hereto. Any assignment contrary to the provisions of this Section 12(i) shall be null and void.

[signature page follows]

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the date first written above. 

		
	
 
	
 

SMITH MICRO SOFTWARE, INC.

 

	
 
	
By_____________________

Name:  Timothy C. Huffmyer

Title:    Vice President and Chief

Financial Officer

 

		
	
 
	
 

 

	
 
	
_____________________

Name:  

 

 

Number of Shares of Company Common Stock Beneficially Owned as of the Date of this Agreement:_____

 

Number of Options Beneficially Owned as of the Date of this Agreement:______

 

Address:

____________________

____________________

____________________

 

Email:

____________________

 

 

SPOUSAL CONSENT (if applicable)

 

_____________________

Name:

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8Exhibit 10.19

 

Execution Version

 

Fourth Amendment To Credit Agreement
And Limited Waiver

 

This
Fourth Amendment to Credit Agreement and Limited Waiver (herein, this “Amendment”)
is entered into as of May 15, 2018 (the “Fourth Amendment
Effective Date”), by and among Limbach
Facility Services LLC, a Delaware limited liability company (the “Borrower”),
Limbach Holdings LLC, a Delaware limited liability company (the “Parent”),
the other Guarantors party hereto, the Lenders party hereto, and Fifth Third Bank,
an Ohio banking corporation, as Administrative Agent and L/C Issuer.

 

Recitals:

 

A.       The
Borrower, the Parent, the other Guarantors party thereto, the Lenders party thereto, and the Administrative Agent are party to
a Credit Agreement dated as of July 20, 2016 (as amended, modified, restated, or supplemented from time to time, the “Credit
Agreement”).

 

B.       The
Borrower has advised the Administrative Agent and the Lenders that Limbach, Inc. and its Subsidiaries failed to maintain a Senior
Leverage Ratio of less than 2.75 to 1.00 on March 31, 2018, as required by Section 6.20(b) of the Credit Agreement (the “Financial
Covenant Violation”). The Borrower has requested that
the Administrative Agent and the Required Lenders waive the Financial Covenant Violation, and the Administrative Agent and the
Required Lenders have agreed to such request pursuant to the terms and conditions set forth herein.

 

C.       The
Borrower, the Administrative Agent and the Required Lenders have also agreed to make certain amendments to the Credit Agreement
pursuant to the terms and conditions set forth herein.

 

Now,
Therefore, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereto agree as follows:

 

		Section 1.	Incorporation of Recitals; Defined Terms.

 

The Borrower and the
Guarantors acknowledge that the Recitals set forth above are true and correct. This Amendment shall constitute a Loan Document,
and the Recitals shall be construed as part of this Amendment. Each capitalized term used but not otherwise defined herein, including
capitalized terms used in the introductory paragraph hereof and the Recitals, has the meaning assigned to it in the Credit Agreement.

 

		Section 2.	Limited Waiver.

 

2.1.       Limited Waiver. Upon satisfaction of the conditions precedent set forth in Section 4 below and subject to the terms hereof,
the Administrative Agent and the Required Lenders party hereto waive the Financial Covenant Violation and any Defaults or Events
of Default arising solely from the Financial Covenant Violation. The Borrower acknowledges that the waiver under this Section 2.1
is specifically limited to the terms hereof, is a one-time waiver, and shall not be deemed to be a waiver of any Defaults or Events
of Default other than those arising solely in respect of the Financial Covenant Violation. The Borrower further acknowledges that,
in granting this limited waiver, the Administrative Agent and the Required Lenders are relying on Limbach, Inc.’s
March 31, 2018 compliance certificate certifying that the Senior Leverage Ratio on March 31, 2018 was 3.01 to 1.00.

 

     

     

    

 

2.2.       Scope.
This limited waiver and consent shall be limited specifically as written herein and shall be solely a consent and waiver as provided
herein. This Amendment shall not constitute a consent to any other transactions prohibited by the Credit Agreement or any other
Loan Document, nor shall this Section 2 be a waiver or modification of any other term, provision or condition of the Credit Agreement
or any other Loan Document.

 

		Section 3.	Amendments.

 

Upon satisfaction of
the conditions precedent set forth in Section 4 hereof, the Credit Agreement shall be and hereby is amended as follows:

 

3.1.       Clause
(k) of Section 6.1 of the Credit Agreement shall be amended and restated to read in its entirety as follows:

 

(k)       Monthly
Board Reports, Work in Process Reports and Accounts Payable Reports.  (i) A copy of each “Monthly
Board Report” prepared for the board of directors of Limbach,
Inc. and relating to key performance indicators, which report shall be prepared and distributed no less than monthly, promptly
upon distribution of such report to the board of directors of Limbach, Inc., and (ii) at the time of distribution of each Monthly
Board Report to the Administrative Agent, (A) a work in process report of Limbach, Inc. and its Subsidiaries and (B) an accounts
payable report of Limbach, Inc. and its Subsidiaries, in each case, as at the end of the fiscal month most recently ended and in
form and substance reasonably acceptable to the Administrative Agent.

 

3.2.       Section
6.1 of the Credit Agreement shall be amended to add a new clause (m) to the end thereof to read in its entirety as follows:

 

(m)       Monthly
Cash Flow Schedules. Within fifteen (15) days after the end of each fiscal month of Limbach, Inc., a cash flow schedule of
Limbach, Inc. and its Subsidiaries as at the end of such fiscal month in form and substance reasonably acceptable to the Administrative
Agent; provided, that the Administrative Agent may require that such cash flow schedules be delivered more frequently in
its sole discretion.

 

3.3.       Clause
(c) of Section 6.20 of the Credit Agreement shall be amended to add a proviso to the end thereof to read in its entirety as follows:

 

    	 	-2-	 

     

    

 

; provided,
that for the fiscal quarter ending June 30, 2018, Limbach, Inc. and its Subsidiaries shall maintain a Fixed Charge Coverage
Ratio of not less than 1.15:1.00.

 

		Section 4.	Conditions Precedent.

 

The effectiveness of
this Amendment is subject to the satisfaction of all of the following conditions precedent:

 

4.1.       The
Borrower, the Guarantors, the Required Lenders and the Administrative Agent shall have executed and delivered this Amendment.

 

4.2.       The
Administrative Agent shall have received, for the account of each Lender that has executed and delivered this Amendment on or prior
to the Fourth Amendment Effective Date (each, a “Consenting
Lender”), an amendment fee in an amount equal to the
product of (a) 0.125% multiplied by (b) the sum of such Consenting Lender’s
outstanding Term Loans, outstanding Bridge Term Loans, and Revolving Credit Commitment on the Fourth Amendment Effective Date,
which amendment fee shall be fully-earned when due and non-refundable when paid.

 

4.3.       Legal
matters incident to the execution and delivery of this Amendment shall be satisfactory to the Administrative Agent and its counsel.

 

		Section 5.	Affirmation of Guarantors.

 

Each
Guarantor hereby confirms that, after giving effect to this Amendment, each Loan Document to which such Guarantor is a party continues
in full force and effect and is the legal, valid and binding obligation of such Guarantor, enforceable against such Guarantor in
accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting
the enforcement of creditors’ rights generally or by equitable
principles relating to enforceability. The Borrower and each Guarantor acknowledge and agree that (a) nothing in the Credit Agreement,
this Amendment, or any other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments to
the Credit Agreement and (b) the Lenders are relying on the assurances provided in this Section in entering into this Amendment
and maintaining credit outstanding to the Borrower.

 

		Section 6.	Acknowledgement of Liens.

 

The Borrower and the Guarantors hereby acknowledge,
confirm and agree that the Administrative Agent has a valid, enforceable and perfected first-priority lien upon and security interest
in the Collateral granted to the Administrative Agent pursuant to the Loan Documents (subject only to Permitted Liens), and nothing
herein contained shall in any manner affect or impair the priority of the Liens created and provided for thereby as to the indebtedness,
obligations, and liabilities which would be secured thereby prior to giving effect to this Amendment.

 

    	 	-3-	 

     

    

 

		Section 7.	Representations and Warranties of Borrower and Guarantors.

 

To induce the Administrative Agent and the
Lenders to enter into this Amendment, the Borrower and the Guarantors hereby represent and warrant to the Administrative Agent
and the Lenders that, as of the date hereof, (a) after giving effect to this Amendment, the representations and warranties set
forth in Section 5 of the Credit Agreement and in the other Loan Documents, including this Amendment, are and shall remain true
and correct (or, in the case of any representation or warranty not qualified as to materiality, true and correct in all material
respects), except to the extent the same expressly relate to an earlier date (and in such case shall be true and correct (or, in
the case of any representation or warranty not qualified as to materiality, true and correct in all material respects) as of such
earlier date), (b) no Default or Event of Default exists or shall result after giving effect to this Amendment, and (c) the Borrower
and each Guarantor has the power and authority to execute, deliver, and perform this Amendment and have taken all necessary action
to authorize their execution, delivery, and performance of this Amendment.

 

		Section 8.	Miscellaneous.

 

8.1.       This
Amendment shall be binding on and shall inure to the benefit of the Borrower, the Guarantors, the Administrative Agent, the Lenders,
and the L/C Issuer, and their respective successors and assigns. The terms and provisions of this Amendment are for the purpose
of defining the relative rights and obligations of the Borrower, the Guarantors, the Administrative Agent, the Lenders, and the
L/C Issuer with respect to the transactions contemplated hereby, and there shall be no third-party beneficiaries of any of the
terms and provisions of this Amendment.

 

8.2.       This
Amendment constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes all other understandings,
oral or written, with respect to the subject matter hereof. Except as specifically waived and amended hereby, all of the terms
and conditions set forth in the Credit Agreement shall stand and remain unchanged and in full force and effect.

 

8.3.       Section
and sub-section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part
of this Amendment for any other purpose.

 

8.4.       Wherever
possible, each provision of this Amendment shall be interpreted in such a manner as to be effective and valid under applicable
law, but if any provision of this Amendment shall be prohibited by or invalid under applicable 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 Amendment.

 

8.5.       Except
as otherwise provided in this Amendment, if any provision contained in this Amendment is in conflict with, or inconsistent with,
any provision in any of the Loan Documents, the provision contained in this Amendment shall govern and control.

 

    	 	-4-	 

     

    

 

8.6.       This
Amendment may be executed in any number of separate counterparts, each of which shall collectively and separately constitute one
agreement. Delivery of an executed signature page to this Amendment by facsimile transmission or by e-mail transmission of an
Adobe portable document format file (also known as a “PDF”
file) shall be effective as delivery of a manually executed counterpart
hereof.

 

8.7.       The
provisions contained in Sections 10.14 (Governing Law; Jurisdiction; Etc.) and 10.20 (Waiver of Jury Trial) of the Credit Agreement
are incorporated herein by reference to the same extent as if reproduced herein in their entirety, except with reference to this
Amendment rather than the Credit Agreement.

 

[Signature
Pages to Follow]

 

    	 	-5-	 

     

    

 

In
Witness Whereof, the parties hereto have caused their duly authorized officers to execute and deliver this Amendment
as of the date first set forth above.

 

	 	“Borrower”
	 	 
	 	Limbach Facility Services LLC
	 	 	 	 
	 	By	/s/ John T. Jordan, Jr.
	 	 	Name:	John T. Jordan, Jr.
	 	 	Title:	EVP/CFO

 

[Signature
Page To Fourth Amendment To Credit Agreement And Limited Waiver]

 

     

     

    

 

	 	“Guarantors”
	 	 
	 	Limbach Holdings, Inc.
	 	 	 	 
	 	By	/s/ John T. Jordan, Jr.
	 	 	Name:	John T. Jordan, Jr.
	 	 	Title:	EVP/CFO

 

	 	Limbach Holdings LLC
	 	 	 	 
	 	By	/s/ John T. Jordan, Jr.
	 	 	Name:	John T. Jordan, Jr.
	 	 	Title:	EVP/CFO

 

	 	Limbach Company LLC
	 	 	 	 
	 	By	/s/ John T. Jordan, Jr.
	 	 	Name:	John T. Jordan, Jr.
	 	 	Title:	EVP/CFO

 

	 	Harper Limbach LLC
	 	 	 	 
	 	By	/s/ John T. Jordan, Jr.
	 	 	Name:	John T. Jordan, Jr.
	 	 	Title:	EVP/CFO

 

	 	Limbach Company Lp
	 	 	 	 
	 	By	/s/ John T. Jordan, Jr.
	 	 	Name:	John T. Jordan, Jr.
	 	 	Title:	EVP/CFO

 

	 	Harper Limbach Construction LLC
	 	 	 	 
	 	By	/s/ John T. Jordan, Jr.
	 	 	Name:	John T. Jordan, Jr.
	 	 	Title:	EVP/CFO

 

[Signature
Page to Fourth Amendment to Credit Agreement and Limited Waiver]

 

     

     

    

 

	 	“Lenders”
	 	 
	 	Fifth Third Bank, an Ohio banking

corporation, as a Lender, as L/C Issuer, and as Administrative Agent
	 	 	 	 
	 	By	/s/ S. Bradley McDougall
	 	 	Name:	S. Bradley McDougall
	 	 	Title:	Vice President

 

[Signature
Page to Fourth Amendment to Credit Agreement and Limited Waiver]

 

     

     

    

 

	 	CIBC Bank USA, formally known as The 

private Bank and Trust Company, as a Lender
	 	 	 	 
	 	By	/s/ David L. Sauerman
	 	 	Name	David L. Sauerman
	 	 	Title	Managing Director

 

[Signature
Page to Fourth Amendment to Credit Agreement and Limited Waiver]

 

     

     

    

 

	 	Wheaton Bank & Trust Company, as a 

Lender
	 	 	 	 
	 	By	/s/ Christopher Van Tassel
	 	 	Name	Christopher Van Tassel
	 	 	Title	Vice President

 

[Signature
Page to Fourth Amendment to Credit Agreement and Limited Waiver]

 

     

     

    

 

	 	Citizens Bank Of Pennsylvania, as a Lender
	 	 	 	 
	 	By	/s/ John J. Ligday, Jr
	 	 	Name	John J. Ligday, Jr
	 	 	Title	Senior Vice President

 

[Signature
Page to Fourth Amendment to Credit Agreement and Limited Waiver]

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