Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

TRANSITION SERVICES AND ASSET TRANSFER AGREEMENT 

THIS TRANSITION SERVICES AND ASSET TRANSFER AGREEMENT (this “TSA”) is entered into as of March 6, 2017 (the
“Effective Date”), by and between Maintech, Incorporated, a Delaware corporation (“Maintech”), and Volt Information Sciences, Inc., a corporation registered in the State of New York,
United States of America, with its principal place of business at 1065 Avenue of the Americas, 20th Floor, New York, NY 10018 (“VISI”). Capitalized terms used in this TSA but not otherwise defined herein have the meanings
ascribed thereto in the Stock Purchase Agreement (as defined herein). 
 RECITALS: 

WHEREAS, pursuant to a Stock Purchase Agreement dated of even date herewith, by and among Volt Delta Resources Holdings, Inc.
(“VDRH”), Maintech Holdings, LLC (“Buyer”) and the other parties thereto (the “Stock Purchase Agreement”), VDRH agreed, among other things, to sell to Buyer, and Buyer agreed to
purchase from VDRH, all of the issued and outstanding capital stock (the “Shares”) in Maintech; 
 WHEREAS, VDRH is an
indirect Subsidiary of VISI; and 
 WHEREAS, in connection with the transactions contemplated by the Stock Purchase Agreement, Maintech and VISI
desire that (i) VISI provide, or cause certain of its affiliates to provide, Maintech with certain transition services under the terms and subject to the conditions set forth in this TSA and (ii) the parties work in good faith towards the
conveyance of certain assets and resources from VISI or its affiliates to Maintech. 
 AGREEMENT: 

NOW, THEREFORE, in consideration of the premises and the mutual representations, warranties, covenants and agreements contained in this TSA, and for
other good and valuable consideration, the receipt and sufficiency of which the parties acknowledge, the parties, intending to be legally bound, agree as follows: 
  

	1.	PROVISION OF SERVICES 

  

	 	1.1	General Intent – Maintech acknowledges and understands that the Services (as defined herein) to be provided hereunder are transitional in nature and are to be furnished by VISI solely for the purpose of
facilitating the sale of the Shares in Maintech and the operation of the Business for a limited period of time after the Closing Date, as set forth in Annex A. VISI acknowledges that the intent is to provide Maintech with those
services on a basis consistent with prior practice that VISI provided to Maintech prior to consummation of the transaction contemplated by the Stock Purchase Agreement. To the extent applicable, Maintech will use its commercially reasonable efforts
to make a transition of the operation of the Business to Maintech or any other third-party suppliers or service providers for the Services within a period of six (6) months from the date of this TSA. 

  
  

 

			
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	 	1.2	Services to Be Provided – During the term of this TSA as set forth in Section 3 (the “Transition Period”) and on the terms and subject to the conditions of this TSA, VISI will
provide, or cause one or more of its affiliates to provide, to Maintech each of the services (the “Services”) described in Annex A beginning as of the Effective Date and continuing for the specific period of
time described in Annex A (as may be extended in accordance with the terms hereof) with respect to each of the Services. Maintech shall not resell any of the Services to any Person whatsoever or permit the use of the Services to any
Person other than in connection with the conduct of the Business in the ordinary course. 

  

	 	1.3	Limitation on Services – In connection with the performance of the Services, except to the extent consistent with prior practice in the ordinary course, VISI will have no obligation to (a) upgrade,
enhance or otherwise improve any computer hardware, software or network environment currently used, (b) provide any support or maintenance services outside of the ordinary course for any computer hardware, software or network environment that
has been upgraded, enhanced or otherwise modified from the computer hardware, software or network environment that is currently used, or (c) convert from one format to another any Business data for use by Maintech in connection with the
Services or otherwise. 

  

	 	1.4	Quality, Quantity and Manner of Performance – VISI shall, and shall cause its affiliates to, use, in all material respects, at least the same degree of care and standard of timeliness in rendering the
Services to Maintech under this TSA as VISI has utilized, or caused its affiliates to utilize in rendering such Services to Maintech in the ordinary course in the past. The quality and quantity of each Service to be provided will be as is reasonably
necessary for the operation of the Business in the ordinary course of business consistent in all material respects with corresponding services which were provided in connection with the operation of the Business prior to the Closing. The scope of
the Services shall be provided solely at the request of Maintech and VISI and Maintech shall cooperate in good faith with one another and provide such further assistance as the other party may reasonably request in connection with the provision of
the Services hereunder. 

  

	 	1.5	Access to Premises - In order to enable the provision of the Services by VISI, its affiliates or any Subcontractors (as defined below), Maintech agrees that it shall provide to VISI, its affiliates and any
Subcontractors providing the Services, at no cost to VISI, access to the facilities and assets of Maintech, in all cases to the extent necessary for VISI, in VISI’s reasonable discretion, to fulfill its obligations under this TSA. VISI shall
have no liability to Maintech to the extent that its failure to perform the Services is attributable to a failure of the Maintech to make available to VISI all information and materials required by VISI to enable it to perform the Services.

  

	 	1.6	 Subcontractors – VISI shall have the right, consistent with past practice, directly or through one or
more affiliates, to hire or engage one or more 

  
  

 

			
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subcontractors or other third parties (each, a “Subcontractor”), to perform all or any of VISI’s obligations under this TSA. VISI shall be responsible
for the actions or inactions of any Subcontractor that would constitute a breach of this TSA if taken or failed to be taken by VISI but subject to the same terms, conditions and limitations set out herein and applicable to the VISI. In the event
VISI outsources its functions or any resources used by VISI to provide the Services under this TSA, VISI will have the option, but not the obligation, to transition Maintech along with VISI to the new outsourced solution. 

 

	 	1.7	Compliance with Law - Notwithstanding anything herein to the contrary, VISI shall not be responsible for providing any Service if and to the extent such Service would violate applicable Law. 

 

	 	1.8	Third Party Payables – 

  

	 	1.8.1	VISI shall promptly (and in any event within 10 days) forward or cause to be forwarded to Maintech any invoice or other documentation from a third party (the “Third Party”)
requesting payment from VISI for services rendered to (or on behalf of) Maintech (or any Subsidiary thereof) or goods sold to Maintech (or any Subsidiary thereof) in connection with the provision of Services pursuant to this TSA
(“Third Party Invoices”). 

  

	 	1.8.2	Maintech shall be responsible for the payment of any Third Party Invoice (or the portion thereof for which Maintech is responsible pursuant to this TSA) and shall, subject to Section 1.8.3
promptly satisfy in full all payment obligations under such Third Party Invoice for which Maintech is responsible pursuant to this TSA upon the terms and within the time period set forth in the Third Party Invoice and/or the underlying contract with
the Third Party that existed prior to the Effective Date, if applicable. 

  

	 	1.9	Maintech Accounts Receivable – Except as otherwise provided in Section 1.10 below: 

  

	 	1.9.1	The parties shall use their respective commercially reasonable efforts to add the person or persons identified by the Buyer (each, an “Authorized Person”) as a person or persons, as
the case may be, with authority to control and transact business with respect to the deposit accounts established by VISI (or its affiliates) at JP Morgan Chase set forth on Schedule V (the “Accounts”) into
which monies, checks or instruments (each a “Receivable”) from customers of Maintech are deposited (the “Bank Account Authority”) in addition to those persons with such
authority designated by VISI prior to the date hereof, which persons so designated by VISI shall continue to enjoy such authority until the Transition Date (as defined below). 

 

	 	1.9.2	 The parties agree and acknowledge that (i) the Accounts identified on Schedule V as located in the
United States (the “US Accounts”) will be subject to certain cash sweep provisions set forth in the Loan and Security Agreement, dated February 17, 2016, by and between Bank of

  
  

 

			
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America, N.A. and Maintech (which agreement is being amended and restated as of the date hereof) and the related loan documents referenced therein (collectively, the
“Revolving Credit Documents”) and (ii) the Accounts identified on Schedule V as located in the United Kingdom and Hong Kong (the “Foreign
Accounts”) will not be subject to the cash sweep provisions of the Revolving Credit Documents. 

  

	 	1.9.3	At all times prior to the establishment of the Bank Account Authority, VISI shall promptly (and in any event within 3 Business Days) forward or cause to be forwarded to Maintech any Receivable received by VISI after the
Effective Date with respect invoices submitted by VISI on behalf of Maintech (or any Subsidiary thereof) pursuant to the terms of this TSA relating to services rendered by (or on behalf of) Maintech (or any Subsidiary thereof) or goods sold by
Maintech (or any Subsidiary thereof) to any Third Party; provided, however, that if VISI receives a Receivable that represents a combined payment in respect of services rendered or goods sold by both VISI (or any Subsidiary thereof)
and Maintech (or any Subsidiary thereof), VISI shall instead retain such Receivable for its own account and remit to Maintech promptly (and in any event within 3 Business Days after receipt of the Receivable), by wire transfer of immediately
available funds, an amount equal to the portion of the Receivable owed or otherwise to be paid to Maintech, which payment shall be accompanied by reasonably detailed evidence of the basis for VISI’s apportionment of the Receivable between
itself and Maintech. 

  

	 	1.9.4	Until the date on which Buyer has assumed responsibility for the payment and processing of all payments for which Maintech and its affiliates are responsible (e.g., without limitation, amounts paid to third-party
vendors, payroll and payroll taxes) and VISI no longer has responsibility for any such payments (such date, the “Transition Date”), (i) Buyer shall, upon presentation to Buyer of an invoice or statement therefor
by VISI, fund to an account designated by VISI the aggregate amount of any payment to be made by VISI on behalf of Maintech hereunder (each such instance of funding effected by Maintech, a “Specified Deposit”),
and (ii) VISI shall retain authority to control and transact business with respect to the Foreign Accounts (but not the US Accounts) for the purpose of funding any amounts it is paying on behalf of, or with respect to, Maintech pursuant to the
terms hereof. For the avoidance of doubt, the foregoing shall not apply to Maintech’s obligation hereunder to pay fees to VISI for the Services, which obligation shall be governed by Sections 2.1-2.3.

  

	 	1.9.5	 Notwithstanding anything to the contrary herein, (i) on a weekly basis (and, in any event, by 5:00 pm New
York time of each Wednesday prior to the applicable date on which the corresponding payment is contemplated to be made to the recipient(s) thereof) prior to the Transition Date, Buyer agrees to cause Maintech to fund Specified

  
  

 

			
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Deposits in an amount required to cover payroll (and any other related amounts (including, without limitation, in respect of payroll taxes)) and any other payments, if any, to be made by VISI on
behalf of Maintech hereunder (but excluding, for the avoidance of doubt, the fees payable hereunder by Maintech to VISI for the Services, the payment of which fees shall be governed by Sections 2.1-2.3) and
(ii) in no event shall VISI be required to make any payment in any amount on behalf of, or with respect to, Maintech pursuant to the terms hereof unless the amount of such payment has (a) previously been provided to VISI through a
Specified Deposit or (b) previously been drawn by VISI from the Foreign Accounts in accordance with the terms hereof, and any failure by VISI to make any payment not previously funded in accordance with the immediately preceding clauses (a)-(b)
shall in no event result in a breach or default hereunder or any liability to VISI. 

  

	 	1.9.6	VISI and Maintech agree and acknowledge that, once the Maintech employees have transitioned from the VISI benefits plans to the new Maintech benefits plans (which shall be on or before March 31, 2017), the amount
funded to VISI by Maintech with respect to Maintech’s payroll obligations shall be a gross amount and that, prior to making payroll payments to Maintech employees, VISI will (i) deduct from such payments an amount equal to the insurance
copayments required to be made by the employees and (ii) promptly following the disbursement of payroll payments to Maintech employees (and, in any event, by 5:00 P.M. New York time on the Business Day following the disbursement of payroll
payments to Maintech employees), pay to Maintech or Maintech’s designee an amount equal to the aggregate amount of such payroll deductions in respect of insurance copayments. 

 

	 	1.10	VISI Accounts Receivable – Notwithstanding anything to the contrary set forth in Section 1.9, Maintech shall promptly (and in any event within 3 Business Days) forward or cause to be forwarded to VISI
any Receivable received by Maintech after the Effective Date that represents a payment in respect of services rendered or goods sold, or a Receivable held, by VISI (or any Subsidiary thereof) (including, without limitation, the Receivables set forth
on Schedule IV (the “VISI Receivables”); provided, however, that if Maintech receives a Receivable that represents a combined payment in respect of a VISI Receivable and a Receivable for
services rendered or goods sold by Maintech (or any Subsidiary thereof) after the Effective Date then, in such event, Maintech shall instead retain such Receivable for its own account and remit to VISI promptly (and in any event within 3 Business
Days after receipt of the Receivable), by wire transfer of immediately available funds, an amount equal to the portion of the Receivable allocable to the VISI Receivable, which payment shall be accompanied by reasonably detailed evidence of the
basis for Maintech’s apportionment of the Receivable between itself and the VISI Receivable. 

  
  

 

			
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	2.	BILLING AND PAYMENT 

  

	 	2.1	Payment and Expenses – As consideration for the provision of the Services, Maintech shall pay VISI the amount specified for each Service as specified on Annex A. In addition to
such amount, upon receipt of an invoice from VISI, Maintech shall reimburse VISI on a monthly basis for reasonable, documented out-of-pocket expenses to the extent
actually incurred by VISI or its affiliates (e.g., without limitation, amounts paid to third-party vendors, payroll and payroll taxes) in the course of providing the Services. 

 

	 	2.2	Billing and Payment - Unless otherwise provided in this TSA, all bills and invoices that Maintech receives from VISI or its affiliates for the Services provided under this TSA will be paid by wire transfer
in accordance with the instructions provided by VISI (in writing to Maintech) not later than thirty (30) days following receipt by Maintech of such invoice from VISI. To the extent any amounts owed by Maintech to VISI under this Section 2
are not paid within ten (10) days following the due date with respect to the applicable invoice from VISI or its affiliates for Services provided under this TSA, VISI may offset such amounts against amounts that would otherwise be payable to
Maintech pursuant to the terms of Section 1.9 hereof or otherwise hereunder, including pursuant to Annex A. If Maintech disputes any portion of any invoice, Maintech will promptly notify VISI in writing and provide
VISI with a reasonably detailed description of the nature and basis of the dispute. 

  

	 	2.3	Taxes – All charges and fees to be paid to VISI under this TSA are exclusive of any applicable taxes required by law to be collected from Maintech (including value added, withholding, sales, use, excise or
services tax, which may be assessed on the provision of the Services hereunder). If a value added, withholding, sales, use, excise or services tax is assessed on the provision of any of the Services under this TSA, Maintech will pay directly or
reimburse VISI for such tax. The parties will cooperate with each other in determining the extent to which any tax is due and owing under the circumstances, and will provide and make available to each other any resale certificate, information
regarding out-of-state use of materials, services or sale, and other exemption certificates or information reasonably requested by either party. 

 

	3.	TERM AND TERMINATION 

  

	 	3.1	Term of Agreement – The term of this TSA will commence on the Effective Date and will continue (unless sooner terminated pursuant to the terms hereof) for a period expiring on the expiration of the latest
term set forth on Annex A (as may be extended in accordance with the terms hereof). 

  

	 	3.2	Early Termination 

  

	 	3.2.1	Maintech may terminate this TSA either in its entirety or solely with respect to certain itemized Services to be provided by VISI listed on Annex A, at any time, upon written notice to VISI. Such termination will become
effective thirty (30) days from the date of receipt of such notice. 

  
  

 

			
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	 	3.2.2	In the event of a material breach of this TSA, the non-breaching party shall provide written notice describing, in appropriate detail, the nature of the breach. The breaching
party shall have 30 days from receipt of such written notice to cure such breach. In the event that the applicable breach is not timely cured by the breaching party, then the non-breaching party shall have the
right to terminate this TSA upon 10 Business Days prior written notice thereof. 

  

	 	3.2.3	Notwithstanding any other provision in this TSA, whether this TSA is terminated by VISI or Maintech, Maintech will remain liable for the payment of expenses they are obligated for under this TSA accruing for the period
prior to termination even though such expenses may not become due until after termination. Further, in the event of termination of this TSA pursuant to this 3.2, Section 2.1 through Section 2.3, 3.2.3, 4.1, 4.3, and Section 6.1
through Section 6.14, inclusive, will continue in full force and effect. 

  

	4.	ADDITIONAL AGREEMENTS 

  

	 	4.1	Title to Equipment; Management and Control 

  

	 	4.1.1	All procedures, methods, systems, strategies, tools, equipment, facilities, firmware or software and other resources used by VISI, and any of its affiliates in connection with the provision of the Services hereunder
(collectively, the “Equipment”) which are the property of VISI or its affiliates will remain the property of VISI and its affiliates and, except as otherwise provided in this TSA, will at all times be under the
sole direction and control of VISI and its affiliates. 

  

	 	4.1.2	Except as otherwise provided in this TSA, and subject to VISI providing, or causing the providing of, the Services in accordance with this TSA, management of, and control over, the provision of the Services (including
the determination or designation at any time of the Equipment, employees and other resources of VISI and its affiliates to be used in connection with the provision of the Services) will reside solely with VISI. 

 

	 	4.2	Third-Party Agreements – To the extent that any third-party proprietor of information or software or other intellectual property rights to be disclosed or made available to Maintech in connection with
performance of the Services hereunder requires a specific form of non-disclosure, license or service agreement as a condition of its consent to use of the same for the benefit of Maintech or to permit Maintech
access to such information or software, Maintech will either execute (and will cause their respective employees to execute, if required) any such form or negotiate in good faith with VISI for the termination of such Services, after which VISI will
no longer be obligated to provide such Services. 

  
  

 

			
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	 	4.3	Mutual Limited Indemnity 

  

	 	4.3.1	Neither party nor any of its respective affiliates will be liable to the other party or any third party for any special, punitive, consequential, incidental or exemplary damages, or for any damages based on or related
to lost revenues or profits relating to the same or losses upon a multiple of earnings or for attorneys’ fees) arising from any claim relating to this TSA and/or the performance thereof. In addition, neither VISI nor any of its affiliates will
be liable to Buyer, Maintech any of their affiliates or any third party, for any direct damages arising from any claim relating to this TSA and/or the performance thereof except to the extent that such damages result from willful misconduct, gross
negligence or unlawful activity on the part of VISI or its affiliates. 

  

	 	4.3.2	Maintech will indemnify VISI and each of its affiliates against all Losses attributable to any third-party claims arising from or relating to the provision of the Services under this TSA, except to the extent that such
Loss results from willful misconduct, gross negligence or unlawful activity on the part of VISI or its affiliates. 

  

	 	4.3.3	VISI will indemnify Maintech and each of its affiliates against all Losses attributable to any third-party claims arising from or relating to the provision of Services under this TSA, except to the extent that such Loss
results from willful misconduct, gross negligence or unlawful activity on the part of Maintech or its affiliates. 

  

	 	4.4	Confidentiality 

  

	 	4.4.1	 Each party to this TSA shall, and shall cause each of its affiliates and each of their respective officers,
directors, managers, employees and subcontractors to, hold all information and documents relating to the business of any other party or its affiliates disclosed to it by reason of this TSA, confidential and will not disclose any of such information
or documents to any person or entity without the prior written consent of the disclosing party unless legally required or compelled to disclose such information or documents; provided, however, that to the extent that any of them may become
so legally required or compelled they may only disclose such information or documents if they shall first have used reasonable efforts to, and, if practicable, shall have afforded the affected party the opportunity to obtain, an appropriate
protective order or other satisfactory assurance of confidential treatment for the information required or compelled to be so disclosed. This obligation of confidentiality shall not apply to information that is in or hereafter enters the public
domain through no fault of the receiving party, is obtained by the receiving party from a third party having the legal right to use and disclose the same or is independently developed by the receiving party after the date hereof as evidenced by a
written record providing such independent development. VISI shall make its affiliates and each of their respective officers, directors, managers, employees and Subcontractors performing Services hereunder aware of the obligations under this
Section 4.5.1 and VISI shall be responsible for 

  
  

 

			
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any breach of this Section 4.5.1 by its affiliates and their respective officers, directors, managers, employees and Subcontractors or any of them. 

 

	 	4.4.2	Each party acknowledges and agrees that the other party and its affiliates would be irreparably damaged if any of the provisions of Section 4.5.1 are not performed in accordance with their specific terms and that
any breach of Section 4.5.1 by the breaching party, its affiliates or its subcontractors or any of them could not be adequately compensated in all cases by monetary damages alone. Accordingly, in addition to any other right or remedy to which
the non-breaching party or its affiliates may be entitled, at law or in equity, the non-breaching party and its affiliates shall also be entitled to enforce any
provision of this Agreement by a decree of specific performance and to temporary, preliminary, and permanent injunctive relief to prevent breaches or threatened breaches of any of the provisions of Section 4.5.1, without posting any bond or
other undertaking. 

  

	 	4.5	Licenses – 

  

	 	4.5.1	Maintech hereby grant VISI a worldwide, royalty-free, fully paid-up, non-exclusive license to use the intellectual property, materials and
information of Maintech during the Transition Period in connection with the VISI’s performance of its obligations hereunder. This license may be sublicensed by VISI to its representatives, agents, designees and Subcontractors as necessary for
VISI to perform its obligations hereunder. 

  

	 	4.5.2	All right, title and interest in and to the intellectual property owned by VISI is reserved by VISI. 

  

	 	4.5.3	As soon as reasonably practicable (and in no event later than three (3) months) following the Effective Date, Maintech (i) shall cease to use, and shall cause each of its Affiliates (including, without
limitation, Volt Maintech Limited) to cease to use, any names, trade names, trademarks or service marks containing the word “Volt,” any names confusingly similar thereto or any translations or derivatives thereof (the foregoing
collectively, the “Specified Name”), in each case, in any manner anywhere in the world at any time after such initial cessation of use, and (ii) shall take all necessary action to change the name of each
Affiliate thereof containing the Specified Name so that each such Affiliate’s name thereafter bears no resemblance to the Specified Name and shall file, or cause to be filed, such documents as are necessary to reflect each such name change in
each jurisdiction in which any applicable Affiliate of Maintech is organized or qualified to do business. Maintech shall promptly notify VISI of each such name change effected in accordance with clause (ii) of the immediately preceding sentence
and the successor name chosen by Maintech in connection with each name change so effected. 

  
  

 

			
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	5.	CONVEYANCE OF CERTAIN ASSETS AND RESOURCES 

  

	 	5.1	Transfer of Assets – 

  

	 	5.1.1	Following the Effective Date, the parties shall work in good faith to enter into definitive documentation (“Definitive Documentation”) for the conveyance of the assets and
liabilities listed on Schedule I (the “Assets and Liabilities”) from VISI or its affiliates to Maintech. The Definitive Documentation shall be comprised of reasonable assignment and assumption conveyance
instruments and shall contain (i) representations and warranties solely as to title to and ownership of the Assets, authorization, execution and delivery of the Definitive Documentation and enforceability of the Definitive Documentation,
(ii) covenants solely with respect to conveyance of the applicable Assets and reasonable further assurances and (iii) such other terms, if any, as the parties hereto may reasonably agree upon. The Definitive Documentation shall be
“Ancillary Agreements” under the Stock Purchase Agreement and any remedies with respect thereto will be subject to Article XII of the Stock Purchase Agreement. 

 

	 	5.1.2	VISI agrees it shall pay, perform and discharge all liabilities and obligations of VISI or its affiliates (including Maintech and its subsidiaries) arising out of or relating to or chargeable to the period with respect
to the Assets prior to the Effective Date and Maintech shall assume and agree to pay, perform and discharge when due any and all liabilities and obligations of VISI or its affiliates arising out of or relating to or chargeable with respect to the
Assets for the period on and after the Effective Date. VISI agrees that Maintech shall receive all payments made to VISI and its affiliates (excluding Maintech and its subsidiaries) with respect to the Assets relating to or chargeable to the period
on and after the Effective Date. 

  

	 	5.2	Third Party Agreements – 

  

	 	5.2.1	 Following the Effective Date, the parties shall use their commercially reasonable efforts, and shall cooperate
with each other, to, as promptly as reasonably practicable, obtain any required consent, authorization, approval, waiver, release, substitution or amendment required to transfer the agreements listed on Schedule II (the
“Assigned Contracts”) to Maintech or, at Maintech’s election, a designated affiliate of Maintech formed by Maintech (with such formation to be at Maintech’s cost and expense), following the Closing
Date. VISI and Maintech shall each bear in equal measure any costs and/or expenses incurred in connection with the transfer of such Assigned Contracts in accordance with the terms hereof, including but not limited to any assignment fees or cost
reimbursement obligations payable to the counter-parties to such Assigned Contracts with respect to the assignment of the Assigned Contracts (but excluding any fees payable by VISI and/or Maintech to their respective advisors, which fees

  
  

 

			
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shall be the obligation of each such party, respectively). Once any such consent, authorization, approval, waiver, release, substitution or amendment is obtained, VISI shall assign, transfer,
convey and deliver to Maintech or, at Maintech’s election, a designated affiliate of Maintech the relevant Assigned Contract to which such consent, authorization, approval, waiver, release, substitution or amendment relates. 

 

	 	5.2.2	For one (1) year following the Effective Date, to the extent that any Assigned Contract cannot be assigned to Maintech pursuant to this Section 5.2 despite the efforts of the parties, the parties shall provide
the economic and, to the extent permitted under applicable Law, operational equivalent of the transfer of such Assigned Contract to Maintech as of the Effective Date and the performance by Maintech of its obligations with respect thereto,
provided that, to the extent any such economic and/or operational equivalent of transfer of such Assigned Contract continues to be required to be provided pursuant to this Section 5.2.2 during any period following
the date that is six (6) months following the Effective Date, Maintech shall pay VISI an overhead fee of $5,000 per month with respect to each country to which such Assigned Contract(s) relate(s) (in an aggregate amount not to exceed $25,000
per month) during any such period until such economic and/or operational equivalent of transfer of such Assigned Contract is no longer required to be provided pursuant to this Section 5.2.2. 

 

	 	5.2.3	Except in respect of the cost items to be shared equally by VISI and Maintech in accordance with Section 5.2.1, Maintech shall reimburse VISI for all liabilities and obligations of VISI or its affiliates thereunder
relating to or chargeable to the period from and after the Effective Date and reimburse VISI for out-of-pocket expenses paid by VISI under each such Assigned Contract
relating to or chargeable to the period on and after the Effective Date. To the extent permitted under applicable Law, VISI or its affiliates shall hold in trust for and pay to Maintech promptly upon receipt thereof (and in any event within 3
Business Days following receipt of), all income, proceeds and other monies received by VISI or its affiliates to the extent related to such Assigned Contract in connection with the arrangements under this Section 5.2. VISI shall be permitted to
set off against such amounts all direct costs associated with the retention and maintenance of such Assigned Contracts for the period relating to on and after the Effective Date. 

 

	 	5.2.4	 To facilitate VISI’s cooperation in effecting the assignment of the Assigned Contracts, VISI hereby
instructs the Buyer to withhold $100,000 (the “Holdback”) from the purchase price to be paid by the Buyer at the closing of the Stock Purchase Agreement, which Holdback shall be payable by Maintech to VISI or
VISI’s designee, by wire transfer of immediately available funds, within 3 Business Days following the date on which all of the Assigned Contracts have been assigned to Maintech or, at Maintech’s option, its designee; provided

  
  

 

			
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	CONFIDENTIAL AND RESTRICTED

	 	
that if Assigned Contracts representing at least 90% of all Foreign Contract Revenue (as defined below) have been assigned to Maintech or its designee pursuant to this Section 5.2
(the date on which the last of such assignments has become effective, the “Threshold Date”), Maintech shall pay to VISI or VISI’s designee, by wire transfer of immediately available funds, within 3 Business
Days following the Threshold Date, an amount equal to $90,000, with the remaining $10,000 of the Holdback to be paid to VISI or VISI’s designee, by wire transfer of immediately available funds, within 3 Business Days following the date on which
all of the Assigned Contracts have been assigned to Maintech or its designee. Notwithstanding the foregoing or anything to the contrary contained herein, in the event that any Assigned Contract cannot be assigned to Maintech or Maintech’s
designee, as applicable, within six (6) months following the date hereof as a result of a volitional act or omission of Buyer, then such Assigned Contract shall thereupon automatically be treated as having been effectively assigned to Maintech
or Maintech’s designee in accordance with the terms hereof for the purpose of determining whether the payment of the Holdback to VISI or VISI’s designee shall be made by Maintech. “Foreign Contract
Revenue” means the aggregate amount of payments received by VISI and its affiliates with respect to all of the Assigned Contracts in the 12-month period ended on the date of this Agreement.

  

	 	5.2.5	Maintech will indemnify VISI and each of its affiliates against Losses attributable to any third-party claims arising from or relating to liabilities or obligations under or in connection with the Assigned Contracts (or
any action taken in connection herewith with respect to such Assigned Contracts, including, without limitation, pursuant to Section 5.2.2 and 5.2.3 hereof) from and after the Effective Date, except to the extent that such Losses result from
willful misconduct, gross negligence or unlawful activity on the part of VISI or its affiliates. 

  

	 	5.3	Employee Transition Matters – Following the Effective Date, VISI will use commercially reasonable efforts, subject to applicable Law and at no cost to VISI or its affiliates, to assist in facilitating the
transition of employees of VISI or its affiliates listed on Schedule III who have been given bona fide offers of employment with Maintech or their affiliates and who wish to accept such offers. 

 

	 	5.4	Economic Benefit and Burden of Assets and Assigned Contracts – 

  

	 	5.4.1	 Without limiting any of their other rights or obligations hereunder, the parties agree and acknowledge that,
notwithstanding that it may take a period of time to effect the formal assignment of the Assets and Assigned Contracts to Maintech or Maintech’s designated affiliate as contemplated by this Section 5, (i) for up to twelve (12) months
following the Effective Date, the economic benefit and burden of the Assets and Assigned Contracts shall, as between VISI (on behalf of itself and its 

  
  

 

			
	TRANSITION SERVICES AND ASSET TRANSFER AGREEMENT	  	Page 12
	CONFIDENTIAL AND RESTRICTED

	 	
affiliates) and Maintech, to the maximum extent permitted by applicable Law be treated as effectively transferred from VISI (and its affiliates) to Maintech effective as of the Effective Date and
this Agreement shall be interpreted to give effect to such treatment, and (ii) Buyer shall establish any designated affiliated entities of Maintech necessary or advisable to accept receipt of the Assets and Assigned Contracts as promptly as
reasonably practicable following the date hereof and, in any event, by no later than twelve (12) months following the Effective Date. 

  

	 	5.4.2	Promptly following the Effective Date and in any event within 30 Business Days following the Effective Date, VISI shall have Maintech added as a co-owner and co-signatory on each of the bank accounts into which payments on the Assigned Contracts are made (which accounts are set forth on Schedule VI, the “Assigned Contracts Bank
Accounts”) (with, in such capacity, the rights and privileges set forth in this Section 5.4.2 and Section 5.4.3) and shall provide for Maintech to have the right to access information regarding such
Assigned Contracts Bank Accounts. All expenses relating to the Assigned Contracts shall be paid from the Assigned Contracts Bank Accounts, it being understood and agreed that (i) Maintech shall, promptly following VISI’s request therefor,
fund any shortfalls which may from time to time occur in such Assigned Contracts Bank Accounts and (ii) in no event shall VISI be required to make any payment in respect of the Assigned Contracts unless the amount of such payment is available
in the Assigned Contracts Bank Accounts or has previously been provided to VISI pursuant to the immediately preceding clause (i) of this Section 5.4.2 (with any failure by VISI to make any payment not so available or so previously provided
to VISI in no event resulting in a breach or default hereunder or any liability to VISI). Within 3 Business Days of any receivables being paid into such Assigned Contracts Bank Accounts, such receivables (after payment of all applicable expenses
relating to the Assigned Contracts and the establishment of reasonable reserves in connection with obligations in respect of such Assigned Contracts, which reserves shall be equal to the amount of cash in such accounts as of the date hereof) shall,
at the direction of Maintech, be transferred to the bank account or accounts designated by Maintech (it being acknoweldged that Maintech may direct that no such transfer take place). 

 

	 	5.4.3	In addition to the above, VISI shall provide Maintech with monthly (i) copies of the statements pertaining to Assigned Contracts Bank Accounts and (ii) financial statements relating to the Assigned Contracts.

  

	 	5.4.1	 For the avoidance of doubt, the parties acknowledge that, following the Closing, (i) the amounts of cash
held in the bank accounts of Volt Service KK Maintech (Japan) and Volt Australia Maintech (Australia) for which Buyer paid at Closing pursuant to the Stock Purchase Agreement 

  
  

 

			
	TRANSITION SERVICES AND ASSET TRANSFER AGREEMENT	  	Page 13
	CONFIDENTIAL AND RESTRICTED

	 	
by operation of the defined term “Net Working Capital” shall be the property of Buyer and shall be accessed and utilized by VISI and/or its Affiliates solely in connection with the
discharge of the duties of such parties with respect to the Assets and Assigned Contracts hereunder, following the completion of which duties any such amounts so remaining shall be paid to Maintech. 

 

	6.	MISCELLANEOUS 

  

	 	6.1	Relationship of Parties – Except as specifically provided in this TSA, neither party will (a) act or represent or hold itself out as having authority to act as an agent or partner of the other party, or
(b) bind or commit in any way the other party to any obligations or agreement or make any representations or warranties on behalf of the other party, whether express or implied. The parties shall operate as, and have the status of, independent
contractors and nothing contained in this TSA will be construed as creating a partnership, joint venture, agency, trust, fiduciary relationship or other association of any kind, each party being individually responsible only for its obligations as
set forth in this TSA. The parties’ respective rights and obligations hereunder will be limited to the contractual rights and obligations expressly set forth in this TSA on the terms and conditions set forth in this TSA.

 

	 	6.2	Notices – Any notice or other communications required or permitted under this TSA will be sufficiently given if delivered in person, transmitted by e-mail of a .pdf
document (with confirmation of transmission), or sent by registered or certified mail, postage prepaid, or recognized overnight courier service addressed as follows: 

 

					
	If to VISI:	    	Volt Information Sciences, Inc.
		    	2401 N. Glassell Street
		    	Orange, California 92865
		    	E-mail: navedissian@volt.com
		    	Attention: Nancy Avedissian, General Counsel
		
	With a copy to:	    	Milbank, Tweed, Hadley & McCloy LLP
		    	2029 Century Park East, 33rd Floor
		    	Los Angeles, CA 90067
		    	E-mail:	 	nwertlieb@milbank.com
		    		 	amoses@milbank.com
		    	Attention:	 	Neil J Wertlieb, Esq.
		    		 	Adam R. Moses, Esq.
		
	If to Maintech:	    	Maintech, Incorporated
		    	c/o Oak Lane Partners, LLC
		    	4730 NW 2nd Avenue, Suite 100
		    	Boca Raton, FL 33431
		    	Attention: Bhavin Shah
		    	Email: bshah@oaklanepartners.com
		
	With a copy to:	    	Chapman and Cutler LLP
		    	1270 Avenue of the Americas, 30th Floor
		    	New York, NY 10020
		    	Attention: Larry Halperin
		    	halperin@chapman.com

  
  

 

			
	TRANSITION SERVICES AND ASSET TRANSFER AGREEMENT	  	Page 14
	CONFIDENTIAL AND RESTRICTED

 or such other addresses or numbers and/or addressee as are furnished in writing by either party,
and such notice or communication will be deemed to have been given (i) as of the date so personally delivered, (ii) on the third Business Day after the mailing thereof or (iii) on the first Business Day after delivery by recognized
overnight courier service or transmission by email. 
  

	 	6.3	Governing Law; Consent to Exclusive Jurisdiction – The interpretation and construction of this TSA, and all matters relating to this TSA, will be governed by the laws of the State of New York applicable to
contracts made and to be performed entirely within the State of New York without giving effect to any conflict of law provisions thereof. Each of the parties agrees that any legal action or proceeding with respect to this TSA may be brought in the
federal and state courts located in the State of New York, and, by execution and delivery of this TSA, each party to this TSA irrevocably submits itself in respect of its property, generally and unconditionally, to the exclusive jurisdiction of the
aforesaid courts in any legal action or proceeding arising out of this TSA. Each of the parties irrevocably waives any objection which it may now or hereafter have to the laying of venue of any of the aforesaid actions or proceedings arising out of
or in connection with this TSA brought in the courts referred to in the preceding sentence. Each party consents to process being served in any such action or proceeding by the mailing of a copy thereof to the address (set forth in Section 6.2)
below its name and agrees that such service upon receipt will constitute good and sufficient service of process or notice thereof. Nothing in this paragraph will affect or eliminate any right to serve process in any other manner permitted by law.

  

	 	6.4	WAIVER OF JURY TRIAL – THE PARTIES TO THIS TSA IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO TRIAL BY JURY OF ANY CAUSE OF ACTION, CLAIM, COUNTERCLAIM OR CROSS-COMPLAINT IN ANY ACTION OR OTHER PROCEEDING
BROUGHT BY ANY PARTY TO THIS TSA AGAINST THE OTHER PARTY TO THIS TSA WITH RESPECT TO ANY MATTER ARISING OUT OF, OR IN ANY WAY CONNECTED WITH OR RELATED TO THIS TSA OR ANY PORTION OF THIS TSA, WHETHER BASED UPON CONTRACTUAL, STATUTORY, TORTIOUS OR
OTHER THEORIES OF LIABILITY. EACH PARTY REPRESENTS THAT IT HAS CONSULTED WITH COUNSEL REGARDING THE MEANING AND EFFECT OF THE FOREGOING WAIVER OF ITS RIGHT TO A JURY TRIAL. 

 

	 	6.5	 Recovery of Fees by Prevailing Party – In any action at law or in equity to enforce any of the
provisions or rights under this TSA, the party which does not prevail in such litigation, as determined by the court in a final judgment or 

  
  

 

			
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	CONFIDENTIAL AND RESTRICTED

	 	
decree, shall pay to the prevailing party all reasonable costs, expenses and attorneys’ fees incurred by the prevailing party, including such costs, expenses and fees of any appeals. If the
prevailing party shall recover judgment in any action or proceeding, its reasonable costs, expenses and attorneys’ fees shall be included as part of such judgment. 

 

	 	6.6	Entire Agreement; Amendment – This TSA (which includes Annex A and Schedules I, II, III and IV), together with the SPA (solely to the extent applicable), constitute the entire agreement and
supersede all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof. Subject to applicable Law, this TSA may be amended, modified and supplemented in any and all respects by written
agreement of the parties at any time with respect to any of the terms contained herein. Solely with respect to the matters expressly contemplated by this TSA, each party to this TSA hereby acknowledges that it has not relied on any promise,
representation or warranty that is not set forth in this TSA or the Stock Purchase Agreement. 

  

	 	6.7	Parties in Interest – This TSA may not be transferred, assigned, pledged or hypothecated by either party hereto (whether by operation of law or otherwise) without the prior written consent of the other
party. This TSA will be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns. 

  

	 	6.8	Interpretation – The headings contained in this TSA are for reference purposes only and will not affect in any way the meaning or interpretation of this TSA. Whenever the words “include,”
“includes,” “including” or similar expressions are used in this TSA, they will be understood to be followed by the words “without limitation”. The parties have participated jointly in the negotiation and drafting of
this TSA. In the event of an ambiguity or question of intent or interpretation arises, this TSA will be construed as if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party by virtue of
the authorship of any provisions of this TSA. All references to “$” or “dollars” are to U.S. dollars, and all amounts to be calculated or paid under this TSA will be in U.S. dollars. 

 

	 	6.9	Third-Party Beneficiaries – Each party intends that this TSA will not benefit or create any right or cause of action in or on behalf of any Person other than the parties hereto; provided,
however, that notwithstanding this Section 6.9, the provisions of Section 4.3.2 and Section 4.3.3 will inure to the benefit of the Persons identified therein, and may be enforced by such Persons and their respective heirs and
personal representatives. 

  

	 	6.10	Annexes and Schedules – Annex A, Schedule I, Schedule II, Schedule III, Schedule IV, Schedule V and Schedule VI are incorporated in, and made a part of, this TSA. 

 

	 	6.11	Severability – If any term, provision, covenant or restriction of this TSA is held by a Governmental Entity to be invalid, void, unenforceable or against its regulatory policy, the remainder of the terms,
provisions, covenants and restrictions of this TSA will remain in full force and effect and will in no way be affected, impaired or invalidated. 

  
  

 

			
	TRANSITION SERVICES AND ASSET TRANSFER AGREEMENT	  	Page 16
	CONFIDENTIAL AND RESTRICTED

	 	6.12	Waiver – Except as otherwise provided in this TSA, any failure of either of the parties to comply with any obligation, covenant, agreement or condition herein may be waived by the party entitled to the
benefits thereof only by a written instrument signed by the party granting such waiver, but such waiver or failure to insist upon strict compliance with such obligation, covenant, agreement or condition will not operate as a waiver of, or estoppel
with respect to, any subsequent or other failure. 

  

	 	6.13	Force Majeure – No liability shall result from any delay or failure in performance by either party resulting from any cause, condition or event beyond the reasonable control of the party affected, including
acts of God, fire, flood, war, government action, accident, labor trouble or shortage, or inability to obtain material, utilities, equipment, energy or transportation (each a “Force Majeure Event”). Either party claiming the
benefit of this Section 6.13 shall promptly notify the other party in writing upon learning of the occurrence of any Force Majeure Event and upon such notice the affected provisions and/or other requirements of this TSA shall be suspended or
reduced by an amount consistent with reductions made to the other operations of such party that are also affected by such Force Majeure Event during the period of such disability. Upon the cessation of such Force Majeure Event, both parties will use
commercially reasonable best efforts to resume performance hereunder as soon as practicable following the Force Majeure Event, and, in any event, within fifteen (15) days of giving notice of such Force Majeure Event. If the Force Majeure Event
continues to have effect for a period of more than fifteen (15) days, the party not claiming relief under this Section 6.13 shall have the right to terminate the Services affected by such Force Majeure Event immediately upon written notice
of such termination to the other party. 

  

	 	6.14	Counterparts – This TSA may be executed in counterparts and multiple originals, each of which will be deemed an original, and all of which taken together will be considered one and the same agreement.

  

	 	6.15	Disclaimer – EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, NONE OF VISI OR ITS RESPECTIVE AFFILIATES OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PARTY MAKES ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND,
EXPRESS OR IMPLIED, AT LAW OR IN EQUITY WITH RESPECT TO THE SERVICES OR THE SUBJECT MATTER OF THIS AGREEMENT, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR ANY PARTICULAR PURPOSE OR USE, TITLE OR
NON-INFRINGEMENT, OR THE ACCURACY, AVAILABILITY, TIMELINESS OR COMPLETENESS OF, OR THE RESULTS TO BE OBTAINED FROM, SUCH SERVICES, AND VISI AND ITS RESPECTIVE AFFILIATES HEREBY DISCLAIM THE SAME.

  
  

 

			
	TRANSITION SERVICES AND ASSET TRANSFER AGREEMENT	  	Page 17
	CONFIDENTIAL AND RESTRICTED

 (Signature page follows) 

  
  

 

			
	TRANSITION SERVICES AND ASSET TRANSFER AGREEMENT	  	Page 18
	CONFIDENTIAL AND RESTRICTED

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Transition Services and Asset
Transfer Agreement under seal on date indicated below. 
  

									
	Maintech, Incorporated	 		 	Volt Information Sciences, Inc.
					
	By:	 	 /s/ Bhavin Shah
	 		 	By:	 	 /s/ Paul R. Tomkins

					
	Name:	 	Bhavin Shah	 		 	Name:	 	 Paul R. Tomkins

					
	Title:	 	Authorized Officer	 		 	Title:	 	 SVP & CEO

					
	Date:	 	 March 6, 2017
	 		 	Date:	 	 March 6, 2017

  
  

 

			
	TRANSITION SERVICES AND ASSET TRANSFER AGREEMENT	  	Page 19
	CONFIDENTIAL AND RESTRICTED

 Annex A to Transition Services and Asset Transfer Agreement 

[Attached] 

  
 A-1 

 SCHEDULE I 

Assets 
 [Attached] 

 SCHEDULE II 

Assigned Contracts 
 [Attached]

 SCHEDULE III 

Employees 
 [Attached] 

 SCHEDULE IV 

VISI Receivables 
 [Attached] 

 SCHEDULE V 

Bank Accounts 
 US Bank Account Details 

Foreign Bank Account Details 

 SCHEDULE VI 

Assigned Contracts Bank AccountsExhibit 10.2

FIRST AMENDMENT

TO

CREDIT AGREEMENT

This FIRST AMENDMENT TO CREDIT AGREEMENT (“First Amendment”) effective as of September 30, 2016, among Ridgewood Energy O Fund, LLC, a Delaware limited liability company, Ridgewood Energy Q Fund, LLC, a Delaware limited liability company, Ridgewood Energy S Fund, LLC, a Delaware limited liability company, Ridgewood Energy T Fund, LLC, a Delaware limited liability, Ridgewood Energy V Fund, LLC, a Delaware limited liability company, Ridgewood Energy W Fund, LLC, a Delaware limited liability company, Ridgewood Energy A-1 Fund, LLC, a Delaware limited liability company, and Ridgewood Energy B-1 Fund, LLC, a Delaware limited liability company (collectively the “Borrowers” and individually a “Borrower”); each of the Lenders from time to time party hereto; and Rahr Energy Investments LLC, a Delaware limited liability company, as administrative agent for the Lenders) in such capacity, together with its successors in such capacity, the “Administrative Agent”).   The Borrowers, Lenders and the Administrative Agent shall be referred to herein collectively as the Parties and individually as a “Party”.

R E C I T A L S

		A.	
Each Borrower, the Lenders and Administrative Agent have entered into a Credit Agreement, dated as of November 27, 2012 (as amended, restated, supplemented or otherwise modified from time to time in accordance with its provisions, the “Credit Agreement”).

		B.	
The Parties desire to amend the Credit Agreement on the terms and subject to the conditions set forth herein.

NOW THEREFORE, the Parties agree as follows:

		1.	
Definitions.  Capitalized terms used and not defined in this First Amendment shall have their respective meanings ascribed to them in the Credit Agreement.

 

		2.	
Amendments to the Credit Agreement.   The Credit Agreement is hereby amended as follows:

 

		(a)	
Debt Service Cap.    The definition of “Debt Service Cap” shall be amended as follows:

 

“Debt Service Cap” means, for any Borrower and any Monthly Payment Date, 70% of such Borrower’s Net Revenues; provided, that if for any reason (other than Force Majeure) in any Measuring Interval beginning after the Dispensation End Date, such Borrower’s Net Revenue Interest share of crude oil produced from the Project Properties is less than the minimum quantity set forth for such Borrower in the Minimum Targeted Production Schedule, then the Debt Service Cap for such Borrower shall be 100% until such Borrower is current in the payment of (1) its Monthly Payment Amounts and (2) all Prior Shortfall Amounts.

 

For purposes of the definition of Debt Service Cap:

 

 

		(A)	
“Dispensation End Date” shall mean the earlier to occur of (i) the date on which the third well on the Project Properties is placed into production and (ii) April 30, 2017.

 

		(B)	
“Measuring Interval” shall mean, for any Monthly Payment Date, the three-calendar-month period beginning at the start of the fifth calendar month before the calendar month of the Monthly Payment Date, and ending at the end of the third calendar month before the calendar month of the Monthly Payment Date. For example, for the Monthly Payment Date of December 31, 2017, the Measuring Interval shall be August, September, and October of 2017.

		(b)	
Loans. The definition of Loans shall be amended as follows:

 

“Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement; provided however, that as of January 1, 2017, Loans shall mean, at any point in time, the total outstanding balance of all loans made by the Lenders to the Borrower.

		(c)	
Monthly Fixed Amount.  The definition of Monthly Fixed Amount shall be amended as follows:

 

“Monthly Fixed Amount” for any Borrower means:

 

	
Monthly Fixed Amount

	
Borrower

	
7/31/16 Principal

	
First 7 Payment Dates

	
Thereafter

	
O Fund

	
22,800,000

	
285,000

	
1,026,000

	
Q Fund

	
3,000,000

	
37,500

	
135,000

	
S Fund

	
5,650,000

	
70,625

	
254,250

	
T Fund

	
2,900,000

	
36,250

	
130,500

	
V Fund

	
12,850,000

	
160,625

	
578,250

	
W Fund

	
5,650,000

	
70,625

	
254,250

	
A-1 Fund

	
2,900,000

	
36,250

	
130,500

	
B-1 Fund

	
12,350,000

	
154,375

	
555,750

  

		(d)	
Monthly Payment Amount. The definition of “Monthly Payment Amount” shall be amended as follows:

 

 “Monthly Payment Amount” means, for any Borrower and any Monthly Payment Date, an amount equal to such Borrower’s Monthly Fixed Amount; provided that in no event shall the Monthly Payment Amount exceed the Debt Service Cap.

 

		(e)	
Monthly Payment Date.  The definition of “Monthly Payment Date” shall be amended as follows:

 

“Monthly Payment Date” means the last Business Day of each calendar month, the first being October 31, 2016.

 

 

		(f)	
Net Revenues. The definition of “Net Revenues” shall be amended as follows:

 

“Net Revenues” means, for any Borrower and any Monthly Payment Date, all proceeds payable to such Borrower arising from the sale of Hydrocarbons produced during the second calendar month preceding the calendar month in which such Monthly Payment Date occurs, less Borrower’s share of (i) Existing Production Burdens payable with respect to such production, (ii) Operating Costs incurred by such Borrower with respect to such (and which have not been funded out of prior production proceeds from the Project Properties), and (iii) after the completion of the development contemplated by the APOD, Development Costs incurred during the second calendar month immediately preceding the calendar month in which such Monthly Payment Date occurs in accordance with the Walter APOD and not funded in whole or in part by loans made by Lender; provided that the aggregate expenses and costs of any Borrower subject to this clause (iii) shall not exceed such Borrower’s Pro-Rata Share of $19.058 million.

 

		(g)	
Base Interest Rate. Section 3.02 (a). The definition of “Base Interest Rate” shall be amended as follows:

 

Base Interest Rate. (i) Up to and including December 31, 2016, the outstanding unpaid balance of the Loans comprising each Borrowing shall bear interest at a rate per annum equal to eight (8%) percent compounded annually and (ii) on January 1, 2017, and annually on each January 1st thereafter, the total outstanding balance of all Loans made to each Borrower shall bear interest at a rate per annum equal to eight (8%) percent compounded.

 

		(h)	
Section 8.01(o)(iv) shall be amended as follows:

 

(iv) calculations showing as to each Borrower the last occurrence, if any, of a Measuring Interval after the Dispensation End Date during which such Borrower’s Net Revenue Interest share of crude oil produced from the Project Properties has been less than the minimum quantity set forth for such Borrower in the Minimum Targeted Production Schedule for any reason other than Force Majeure,

 

		3.	
Effect of First Amendment. This First Amendment is a Loan Document.  Except as expressly provided for herein, all of the terms and provisions of the Credit Agreement and other Loan Documents are and shall remain in full force and effect and are hereby ratified and confirmed by each Borrower, the Lenders and Administrative Agent.  The amendments contained herein shall not be construed as a waiver or amendment of another provision of the Credit Agreement or the other Loan Documents or for any purpose except as expressly set forth herein or a consent to any further or future action on the part of any Party that would require and waiver or consent of the Administrative Agent.

 

		4.	
Conditions Precedent to the Effectiveness of the First Amendment.  This First Amendment shall not be effective until the Administrative Agent receives:

		(a)	
counterparts of this First Amendment signed by each Borrower, by each Lender and the Administrative Agent;

		(b)	
payment of all reasonable expenses, including reasonable legal fees and expenses of counsel to the Administrative Agent reasonably incurred by the Administrative Agent in connection with this First Amendment to the extent invoiced to the Borrowers prior to the date hereof; and

		(c)	
such other documents, agreements, instruments or items that the Administrative Agent may reasonably request.

 

 

		5.	
Representations and Warranties.  Each Borrower represents and warrants to each Lender and the Administrative Agent as follows:

		(a)	
The execution, delivery and performance by each Borrower of this First Amendment and the Credit Agreement, as hereby amended, have been duly authorized by all required corporate action.

		(b)	
All representations and warranties made or deemed made by each Borrower in the Loan Documents are true and correct as of the date hereof, except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties were true and accurate on and as of such earlier date) and except that for purposes of such representations and warranties, the representations and warranties contained in Section 7.04 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Section 8.01 of the Credit Agreement.

		(c)	
Since August 12, 2016, there has been no event or circumstance, either individually or in the aggregate that has or can be reasonably expected to have a Material Adverse Effect.

		(d)	
No Default or Event of Default has occurred and is continuing as of the date hereof.

 

		6.	
Successors and Assigns.  This First Amendment shall inure to the benefit of and be binding upon each Borrower, the Lenders, and the Administrative Agent and each of their respective successors and assigns.

 

		7.	
Governing Law.  This First Amendment shall be governed by and construed in accordance with the laws of the State of New York.

 

		8.	
Counterparts.  This First Amendment may be executed in any number of counterparts, all of which shall constitute one and the same agreement, and any Party hereto may execute this First Amendment by signing and delivering one or more counterparts.

 

		9.	
Expenses. The Borrowers shall pay all reasonable fees and expenses paid or incurred by the Administrative Agent incident to this First Amendment, including, without limitation, the reasonable fees and expenses of the Administrative Agent’s counsel in connection with the negotiation, preparation, delivery and execution of this First Amendment and any related documents.

 

		10.	
ENTIRETY. THIS FIRST AMENDMENT, THE CREDIT AGREEMENT, AND THE OTHER LOAN DOCUMENTS EMBODY THE ENTIRE AGREEMENT BETWEEN THE PARTIES AND SUPERSEDE ALL PRIOR AGREEMENTS AND UNDERSTANDINGS, IF ANY, RELATING TO THE SUBJECT MATTER HEREOF.

 

IN WITNESS WHEREOF, the Parties have executed this First Amendment this 30th day of September, 2016.

 

	
BORROWER:

	
RIDGEWOOD ENERGY O FUND, LLC  

	 	 	 
	 	
By:

	
/s/ DANIEL V. GULINO

	 	
Name:

	
Daniel V. Gulino

	 	
Title:

	
Senior Vice President- Legal

 

	 	
RIDGEWOOD ENERGY Q FUND, LLC 

	 	 	 
	 	
By:

	
/s/ DANIEL V. GULINO

	 	
Name:

	
Daniel V. Gulino

	 	
Title:

	
Senior Vice President - Legal

	 	 	 
	 	 	 
	 	
RIDGEWOOD ENERGY S FUND, LLC 

	 	 	 
	 	
By:

	
/s/ DANIEL V. GULINO

	 	
Name:

	
Daniel V. Gulino

	 	
Title:

	
Senior Vice President - Legal

	 	 	 
	 	 	 
	 	
RIDGEWOOD ENERGY T FUND, LLC. 

	 	 	 
	 	
By:

	
/s/ DANIEL V. GULINO

	 	
Name:

	
Daniel V. Gulino

	 	
Title:

	
Senior Vice President - Legal

	 	 	 
	 	 	 
	 	
RIDGEWOOD ENERGY V FUND, LLC 

	 	 	 
	 	
By:

	
/s/ DANIEL V. GULINO

	 	
Name:

	
 Daniel V. Gulino

	 	
Title:

	
Senior Vice President - Legal

	 	 	 
	 	 	 
	 	
RIDGEWOOD ENERGY W FUND, LLC. 

	 	 	 
	 	
By:

	
/s/ DANIEL V. GULINO

	 	
Name:

	
 Daniel V. Gulino

	 	
Title:

	
Senior Vice President - Legal

	 	 	 
	 	 	 
	 	
RIDGEWOOD ENERGY A-1 FUND, LLC.

	 	 	 
	 	
By:

	
/s/ DANIEL V. GULINO

	 	
Name:

	
 Daniel V. Gulino

	 	
Title:

	
Senior Vice President - Legal

 

 

	 	
RIDGEWOOD ENERGY B-1 FUND, LLC.

	 	 	 
	 	
By:

	
/s/ DANIEL V. GULINO

	 	
Name:

	
Daniel V. Gulino

	 	
Title:

	
Senior Vice President - Legal

	 	 	 
	 	 	 
	
ADMINISTRATIVE AGENT:

	
RAHR ENERGY INVESTMENTS LLC, 

as Administrative Agent

	 	 
	 	
By:

	
/s/ LAWRENCE J. FOSSI

	 	
Name:

	
Lawrence J. Fossi

	 	
Title:

	
Manager

	 	 	 
	 	 	 
	
LENDER:

	
RAHR ENERGY INVESTMENTS LLC,

as a Lender

	 		 
	 	
By:

	
/s/ LAWRENCE J. FOSSI

	 	
Name:

	
Lawrence J. Fossi

	 	
Title:

	
Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}]]