Document:

EXHIBIT 10.2

 

PEPSIAMERICAS, INC.

DEBT SECURITIES

TERMS AGREEMENT

 

January 5,
2005

 

PepsiAmericas, Inc.

4000 Dain Rauscher Plaza

60 South Sixth Street

Minneapolis, Minnesota 55402

Attention: 
G. Michael Durkin, Jr.

 

Ladies and Gentlemen:

 

On behalf of
the several Underwriters named in Schedule A hereto (“Underwriters”) and for
their respective accounts, we offer to purchase, on and subject to the terms
and conditions of the Underwriting Agreement dated January 5, 2005 between
PepsiAmericas, Inc. (“Company”) and the Underwriters (“Underwriting Agreement”),
the following securities (“Securities”) on the following terms:

 

Title:  4.875% Notes due 2015.

 

Interest Rate:
4.875% per year.

 

Stated
Maturity: January 15, 2015, unless redeemed earlier at the Company’s option.

 

Principal
Amount: $300,000,000.

 

Denominations:
$1,000 and integral multiples in excess thereof.

 

Interest
Payment Dates:  Payable semiannually in
arrears on each January 15 and July 15, beginning July 15, 2005, to holders of
record on the immediately preceding January 1 or July 1, as the case may be.

 

Interest
Accrual:  From and including the Issue
Date to but excluding January 15, 2015, computed on the basis of a 360-day year
consisting of twelve 30-day months.

 

Original Issue
Discount:  None.

 

Price to
Public:  99.717% of principal amount,
plus accrued interest, if any, from and including January 10, 2005.

 

 

Purchase Price
(to be paid in immediately available funds): 
99.067% of the principal amount.

 

Optional
Redemption by Company:  Redeemable, in
whole or in part, at the Company’s option at any time and from time to time
upon not fewer than 30 nor more than 60 days’ prior written notice to the
holders thereof, at the Redemption Price, together with unpaid interest accrued
to the Redemption Date.

 

The “Redemption
Price” equals the greater of:

 

(1)           100% of the principal amount of the
Notes being redeemed; and

 

(2)           as determined by an Independent
Investment Banker, the sum of the present values of the remaining scheduled
payments of principal and interest on the Notes being redeemed from the
Redemption Date (exclusive of interest payable on such Redemption Date) through
the Stated Maturity, discounted to the Redemption Date on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate plus 0.125%.

 

“Comparable
Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having a maturity comparable to the remaining
term of the Notes to be redeemed that would be used, at the time of selection
and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of the
Notes to be redeemed.

 

“Comparable
Treasury Price” means, with respect to any Redemption Date, (i) the arithmetic
average of at least three Reference Treasury Dealer Quotations for such
Redemption Date, after excluding the highest and lowest such Reference Treasury
Dealer Quotations or (ii) if fewer than five Reference Treasury Dealer
Quotations are obtained, the arithmetic mean of all such obtained Reference
Treasury Dealer Quotations.

 

“Independent
Investment Banker” means one of the Redemption Treasury Dealers appointed by
the Trustee after consultation with the Company.

 

“Redemption
Date” means the date or dates specified by the Company for the redemption of
the Notes pursuant to the Company’s optional redemption right.

 

“Redemption
Treasury Dealer” means Banc of America Securities LLC, Citigroup Global Markets
Inc., J.P. Morgan Securities Inc., Wachovia Capital Markets, LLC, BNP Paribas
Securities Corp., Wells Fargo Brokerage Services, LLC, Loop Capital Markets,
LLC and their respective successors.  If
any of the Redemption Treasury Dealers ceases to be a primary U.S. government
securities dealer in New York City (a “Primary Treasury Dealer”), we may
substitute another Primary Treasury Dealer.

 

2

 

“Reference
Treasury Dealer Quotations” means, with respect to each Redemption Treasury
Dealer and any Redemption Date, the arithmetic average, as determined by the
Trustee, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in
writing to the Trustee by such Redemption Treasury Dealer at 5:00 p.m. (New
York City time) on the third Business Day before such Redemption Date.

 

“Treasury Rate”
means, with respect to any Redemption Date, (i) the yield, under the heading
which represents the average for the week immediately prior to the third
Business Day before such Redemption Date, appearing in the most recently
published statistical release designated H.15(519) or any successor publication
which is published weekly by the Federal Reserve and which establishes yields
on actively traded United States Treasury securities adjusted to constant
maturity under the caption “Treasury Constant Maturities,” for the maturity
corresponding to the remaining term of the Notes to be redeemed (if no maturity
is within three months before or after such remaining term, yields for the two
published maturities most closely corresponding to such remaining term shall be
determined and the Treasury Rate shall be interpolated or extrapolated from
such yields on a straight-line basis, rounding to the nearest month) or (ii) if
such release (or any successor release) is not published during the week
preceding the third Business Day before such Redemption Date or does not
contain such yields, the rate per annum equal to the semiannual equivalent
yield to maturity of the Comparable Treasury Issue for the Notes to be
redeemed, calculated using a price for the Comparable Treasury Issue (expressed
as a percentage of its principal amount) equal to the Comparable Treasury Price
for such Redemption Date.

 

Optional
Redemption by Holder:  None.

 

Sinking
Fund:  None.

 

Trade
Date:  January 5, 2005.

 

Closing (Issue
Date):  9:30 a.m., Minneapolis,
Minnesota, time, January 10, 2005 in federal (same day) funds payable to the
Company’s account.

 

Delayed Delivery
Contracts:  None.

 

Representatives:  Banc of America Securities LLC and Citigroup
Global Markets Inc.

 

Exact name in
which the Note or Notes are to be registered (registered owner):  Cede & Co.

 

Settlement and
Trading:  Book-entry only via DTC.

 

Capitalized
terms used but not otherwise defined herein shall have the meaning ascribed to
them in the Underwriting Agreement.

 

3

 

The respective
principal amounts of the Securities to be purchased by each of the Underwriters
are set forth opposite their names in Schedule A hereto.

 

It is
understood that we may, with your consent, amend this offer to add additional
Underwriters and to reduce the aggregate principal amount to be purchased by
the Underwriters listed in Schedule A hereto by the aggregate principal amount
to be purchased by such additional Underwriters.

 

The provisions
of the Underwriting Agreement are incorporated herein by reference.

 

The form of
Security will be made available for checking at the office of Sidley Austin
Brown & Wood LLP, 787 Seventh Avenue, New York, NY 10019 at least 24 hours
prior to the Issue Date.

 

4

 

* * * *

 

Please signify
your acceptance of the foregoing by return wire not later than 3:00 p.m. today.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BANC OF
  AMERICA SECURITIES LLC

  
	
   

  	
  CITIGROUP
  GLOBAL MARKETS INC.

  
	
   

  	
  J.P. MORGAN
  SECURITIES INC.

  
	
   

  	
  WACHOVIA
  CAPITAL MARKETS, LLC

  
	
   

  	
  BNP PARIBAS
  SECURITIES CORP.

  
	
   

  	
  WELLS FARGO
  SECURITIES, LLC

  
	
   

  	
  LOOP CAPITAL
  MARKETS, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  BANC OF
  AMERICA SECURITIES LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Peter J.
  Carbone

  	
   

  
	
   

  	
   

  	
  Name: Peter
  J. Carbone

  
	
   

  	
   

  	
  Title: Vice
  President

  
	
  Accepted and agreed to

  as of the date set forth above.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PEPSIAMERICAS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/

  	
  G. Michael Durkin, Jr.

  	
   

  	
   

  	
   

  
	
  Name:

  	
  G. Michael Durkin, Jr.

  	
   

  	
   

  
	
  Title:

  	
  Executive Vice President and Chief
  Financial Officer

  	
   

  
									

 

5

 

SCHEDULE A

 

	
  Underwriter

  	
   

  	
  Principal Amount

  of Notes

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Banc of America Securities LLC

  	
   

  	
  $

  	
  90,000,000

  	
   

  
	
  Citigroup Global Markets Inc.

  	
   

  	
  90,000,000

  	
   

  
	
  J.P. Morgan Securities Inc.

  	
   

  	
  40,000,000

  	
   

  
	
  Wachovia Securities, Inc.

  	
   

  	
  40,000,000

  	
   

  
	
  BNP Paribas Securities Corp.

  	
   

  	
  25,000,000

  	
   

  
	
  Wells Fargo Securities, LLC

  	
   

  	
  10,000,000

  	
   

  
	
  Loop Capital Markets, LLC

  	
   

  	
  5,000,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  $

  	
  300,000,000

  	
   

  

 

6Exhibit 10.8.20.6

 

SIXTH
AMENDMENT

TO

MULTICURRENCY CREDIT AGREEMENT

AND CONSENT OF GUARANTORS

 

 

                                This SIXTH
AMENDMENT TO MULTICURRENCY CREDIT AGREEMENT AND CONSENT OF GUARANTORS (this
“Amendment”) is dated as of January 5, 2004, and entered into by and among WESTAFF, INC., a Delaware corporation (“Parent”), WESTAFF (USA), INC., a California corporation (“US
Borrower”), WESTAFF (U.K.) LIMITED, a limited
liability company incorporated under the laws of England and Wales (“UK
Borrower”), WESTAFF SUPPORT, INC., a
California corporation (“Term Borrower”, and together with US Borrower
and UK Borrower, the “Borrowers”), the financial institutions signatory
hereto that are parties as Lenders to the Credit Agreement referred to below
(the “Lenders”), and GENERAL ELECTRIC CAPITAL
CORPORATION, as agent for
the US Revolving Lenders, the Term Lenders and the UK Revolving Lenders (as
defined in the Credit Agreement referred to below).

 

Recitals

 

Whereas, the Parent, the Borrowers, the Lenders and Agents have
entered into that certain Multicurrency Credit Agreement dated as of May 17,
2002 (as amended by that certain First Amendment to Multicurrency Credit
Agreement, Limited Waivers and Consent of Guarantors, dated as of October 31,
2002, as further amended by that certain Second Amendment to Multicurrency
Credit Agreement, Limited Waivers and Consent of Guarantors, dated as of June
13, 2003, that certain Third Amendment to Multicurrency Credit Agreement,
Limited Waivers and Consent of Guarantors, dated as of September 3, 2003, that
certain Fourth Amendment to Multicurrency Credit Agreement, Limited Waivers and
Consent of Guarantors, dated as of February 20, 2004, and that certain Fifth
Amendment to Multicurrency Credit Agreement and Consent of Guarantors, dated as
of July 31, 2004, and as further modified by certain consents and waivers of
the Lenders, the “Credit Agreement”; capitalized terms used in this
Amendment without definition shall have the meanings given such terms in the
Credit Agreement); and

Whereas,
the Borrowers have requested that the Lenders agree to amend certain provisions
of the Loan Documents; and

Whereas,
the Requisite Lenders are willing to approve certain amendments requested by
the Borrowers on the terms and conditions set forth in this Amendment (which
Amendment shall be effective as of the date that all conditions to such
effectiveness set forth herein have been satisfied, the “Effective Date”).

Now, therefore, in
consideration of the premises and the mutual agreements set forth herein, the
Parent, the Borrowers, the Lenders, and Agents agree as follows:

1.             AMENDMENTS TO CREDIT AGREEMENT.  Subject to the conditions and upon the terms
set forth in this Amendment, the Credit Agreement is hereby amended as follows:

1.1           Amendment to Section 1.5(a) (Interest
and Applicable Margins) of the Credit Agreement.  Section 1.5(a) of the Credit Agreement
is hereby amended to delete the parenthetical “(adjusted in accordance with the
Fourth Amendment and the Fifth Amendments)” in the second line immediately
following the table in that Section.

1.2           Amendment to Section 6.14 (Restricted
Payments) of the Credit Agreement.  Section 6.14 of the Credit Agreement is
hereby amended to add a new clause (j) to read as follows:

“And
(j)  payment of up to $2,000,000 of
principal of Subordinated Debt; provided  that (x) no Default or Event of Default has
occurred and is continuing or would result after giving effect to any
Restricted Payment pursuant to this clause (j), (y) on a pro-forma
basis, after giving effect to such payment, US Borrower shall have had at least
$10,000,000 of daily average Borrowing Availability for the 90 days immediately
preceding such prepayment and (z) on the date of such prepayment and after
giving effect thereto US Borrower shall have Borrowing Availability of at least
$10,000,000.

1.3           Amendments to Annex A (Definitions)
of the Credit Agreement.  Annex A of the Credit Agreement is
hereby amended to delete the definition of “Fixed Charges” and to
replace it with the following:

“Fixed
Charges “ means, with respect
to any Person for any Fiscal Period, (a) the aggregate of all Interest Expense
paid or accrued during such period, plus (b) all payments of principal with
respect to Indebtedness (other than the Revolving Loans) during such period.

1.4           Amendment to Annex F (Collateral
Reports) of the Credit Agreement.  Annex F paragraph (c) of the Credit
Agreement is hereby amended to read as follows:

To the
Applicable Agent, (1) on a weekly basis provided that US Borrower shall have
Borrowing Availability of not less than $10,000,000 and no Default or Event of
Default exists, otherwise (2) on a daily basis collateral reports with respect
to US Borrowers and UK Borrower, including all additions and reductions (cash
and non-cash) with respect to the Accounts of each such Borrower, in each case
accompanied by such supporting detail and documentation as shall be requested
by the Applicable Agent in its reasonable discretion, each of which shall be
prepared by the applicable Borrower as of the end of the immediately preceding
day.  It is understood that the
Applicable Agent may request this information 
at such other intervals as the Applicable Agent (with the consent of the
Lenders) may request from time to time (together with a copy of all or any part
of such delivery requested by any Lender in writing after the Closing Date);

2.             ONE-TIME ADD-BACK TO EBITDA.   Subject to the provisions of this
Section 2 and the satisfaction of the other conditions set forth in this
Amendment, the Lenders 

2

hereby agree that, solely for the purpose of
determining compliance with Annex G (Financial Covenants) to the
Credit Agreement, the Parent and its Subsidiaries may, for the Fiscal Period
ended October 30, 2004, make a one-time add-back adjustment to EBITDA for
non-cash charges in the aggregate amount of up to $1,400,000 with respect to
certain adjustments directly resulting from a quarter end adjustment in the
amount of up to $1,400,000 to increase workers’ compensation reserves for all
periods prior to November 2, 2003.  This
add-back is in addition to the add-back to EBITDA set forth in Section 2 of the
Fourth Amendment and Section 2 of the Fifth Amendment.  For the avoidance of doubt, the add-backs to
EBITDA under the Fourth, Fifth and Sixth Amendments are solely for the purpose
of determining compliance with Annex G (Financial Covenants) and
are not to be added-back for the purpose of determining interest in accordance
with Section 1.5(a).

3.             REPRESENTATIONS AND
WARRANTIES OF THE PARENT AND THE BORROWERS. 
The Parent and the US Borrower, jointly and severally, and UK
Borrower, only in respect of itself, severally, make the following
representations and warranties to each Lender and each Agent with respect to
all Credit Parties:

3.1           Power and Authority.  Each of the Credit Parties has
all corporate or other organizational power and authority to enter into this
Amendment and, as applicable, the Consent of Guarantors attached hereto (the “Consent”),
and to carry out the transactions contemplated by, and to perform its
obligations under or in respect of, the Credit Agreement, as amended hereby.

3.2           Due Authorization,
Non-Contravention.  The execution, delivery and
performance by each Credit Party of this Amendment and the Consent, as
applicable, and the performance of the obligations of each Credit Party under
or in respect of the Credit Agreement as amended hereby (a) have been duly
authorized by all necessary corporate, limited liability company or partnership
action, (b) do not contravene any provision of such Person’s charter,
bylaws or partnership or operating agreement, as applicable, (c) do not
violate any law or regulation or any order or decree of any court or
Governmental Authority of the United States or the United Kingdom or, in each
case, any political subdivision thereof, (d) do not conflict with or
result in the breach or termination of, constitute a default under or
accelerate or permit the acceleration of any performance required by, any
indenture, mortgage, deed of trust, lease, agreement or other instrument to which
such Person is a party or by which such Person or any of its property is bound,
except where any such violations, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect, and (e) do not
result in the creation or imposition of any Lien on any of the property of such
Person.

3.3           Execution, Delivery and
Enforceability.  This Amendment and the
Consent have been duly executed and delivered by each Credit Party which is a
party thereto and this Amendment, the Consent and the Credit Agreement as
amended hereby constitute the legal, valid and binding obligations of such
Credit Party, enforceable in accordance with their terms, except as
enforceability may be limited by Insolvency Laws or similar laws affecting
creditors’ rights generally or by general equitable principles.

3

3.4           No Default or Event of Default.  No event has occurred and is
continuing after giving effect to this Amendment or will result from the
execution and delivery of this Amendment or the Consent that would constitute a
Default or an Event of Default.

3.5           Representations and Warranties.  After giving effect to this
Amendment, each of the representations and warranties contained in the Loan
Documents is and will be true and correct in all material respects on and as of
the date hereof and as of the effective date of this Amendment, except to the
extent that such representations and warranties specifically relate to an
earlier date, in which case they were true, correct and complete in all
material respects as of such earlier date.

4.             CONDITIONS TO
EFFECTIVENESS OF THIS AMENDMENT.  This
Amendment shall be effective only if and when (i) signed by, and when
counterparts hereof shall have been delivered to the US Agent (by hand
delivery, mail or telecopy) by, the Parent, the Borrowers and the Requisite
Lenders; (ii) each Guarantor shall have delivered to the US Agent executed
counterparts of the Consent; and (iii) Borrowers shall have delivered to the US
Agent a certificate certifying  that the
charters, bylaws (or other similar organizational document) and resolutions
authorizing the execution, delivery and performance by the Credit Parties of
their obligations under the Credit Agreement, each in the form delivered to the
Agents on the Closing Date, are in full force and effect and have not been
amended, rescinded or otherwise modified as of the date of this Amendment
(other than an amendment to Parent’s bylaws to reduce the number of members of
the board of directors from six to five); that no other resolutions have been
adopted with respect to this Amendment and that no further authorization or
consent is required to be obtained with respect to the execution, delivery and
performance of this Amendment, the Consent and the Credit Agreement as amended
hereby; and an incumbency certificate for each Credit Party.

5.             EFFECT OF AMENDMENT;
RATIFICATION.  This Amendment
is a Loan Document.  From and after the
date on which this Amendment becomes effective, all references in the Loan
Documents to the Credit Agreement shall mean the Credit Agreement as amended
hereby.  Except as expressly amended or
waived hereby, the Credit Agreement and the other Loan Documents, including the
Liens granted thereunder, shall remain in full force and effect, and all terms
and provisions thereof are hereby ratified and confirmed.  Each of the Parent and each Borrower confirms
that, as amended hereby, each of the Loan Documents is in full force and
effect.

6.             RELEASE AND WAIVER OF
CLAIMS, DEFENSES AND RIGHTS OF SET OFF.  Each of the Parent and the Borrowers
acknowledges that the US Agent, the UK Agent and the Lenders have performed all
obligations and duties owed to the Parent and the Borrowers under the Loan
Documents through the date hereof, and each such party further, acknowledges,
represents and warrants that, none of the Parent or the Borrowers has any
claim, cause of action, defense, or right of set off against the US Agent, the
UK Agent or the Lenders, and, to the extent that any such party has any such
rights, each of the Parent and the Borrowers hereby releases, waives, and
forever discharges the US Agent, the UK Agent and the Lenders (together with
each of their predecessors, successors and assigns) and each of their officers,
directors, employees, agents and representatives from each action, cause of
action, suit, debt,

4

defense, right of
set off, or other claim whatsoever, in law or in equity, known or unknown
against the US Agent, the UK Agent or the Lenders, or such officers, employees,
agents or representatives.  Each of the
Parent and each Borrower hereby specifically waives as against the US Agent,
the UK Agent or the Lenders any rights they or any of them may have under
Section 1542 of the California Civil Code, which provides as follows:  “A general release does not extend to claims
which the creditor does not know or suspect to exist in his favor at the time
of executing the release, which if known by him must have materially affected
his settlement with the debtor.”

7.             APPLICABLE LAW.  THIS AMENDMENT SHALL BE GOVERNED
BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS AND
DECISIONS OF THE STATE OF CALIFORNIA APPLICABLE TO CONTRACTS MADE AND PERFORMED
IN THAT STATE AND ANY APPLICABLE LAWS OF THE UNITED STATES.

8.             COMPLETE AGREEMENT.  This Amendment sets forth the
complete agreement of the parties in respect of any amendment to any of the
provisions of any Loan Document.  The
execution, delivery and effectiveness of this Amendment do not constitute a
waiver of any Default or Event of Default, amend or modify any provision of any
Loan Document except as expressly set forth herein or constitute a course of
dealing or any other basis for altering the Obligations of any Credit Party.

9.             CAPTIONS;
COUNTERPARTS.  The catchlines
and captions herein are intended solely for convenience of reference and shall
not be used to interpret or construe the provisions hereof. This Amendment may
be executed by one or more of the parties to this Amendment on any number of
separate counterparts (including by telecopy), all of which taken together
shall constitute but one and the same instrument.

5

                IN WITNESS WHEREOF, each of the undersigned has duly executed this
Sixth Amendment to Multicurrency Credit Agreement and Consent of Guarantors as
of the date set forth above.

WESTAFF (USA), INC.

By: /s/ Dirk A. Sodestrom

Name: Dirk A.  Sodestrom

Title:   Senior Vice President and Chief Financial
Officer

WESTAFF SUPPORT, INC.

By: /s/ Dirk A. Sodestrom

Name: Dirk A.  Sodestrom

Title:   Senior Vice President and Chief Financial
Officer

WESTAFF (U.K.) LIMITED

By: /s/ Dwight S. Pedersen

Name: Dwight S. Pedersen

Title:  
Director

GENERAL ELECTRIC CAPITAL

CORPORATION,

as US Agent, UK Agent, a US
Revolving Lender, a Term Lender  and a UK
Revolving Lender

 

By:  /s/
Lawrence E. Ridgway   

By: Lawrence E. Ridgway

Duly Authorized Signatory

BANK OF AMERICA, N. A.,

as Documentation Agent, a US
Revolving Lender, a Term Lender and a UK Revolving Lender

By: /s/ David T. Knoblauch

Name: David T. Knoblauch

Title: Senior Vice President

 

S-1

 

The following Person is a signatory
to this Sixth Amendment to Multicurrency Credit Agreement and Consent of
Guarantors in its capacity as a Credit Party and not as a Borrower.

WESTAFF, INC.

 

By: /s/ Dirk A. Sodestrom

Name: Dirk A.  Sodestrom

Title:   Senior Vice President and Chief Financial
Officer

 

S-1

 

CONSENT OF
GUARANTORS

 

 

Each of the undersigned is a Guarantor of the
Obligations of the Borrowers under the Credit Agreement and each other Loan
Document (including US Borrower and Term Borrower in its capacity as a
Guarantor of the Obligations of the other Borrowers) and hereby
(a) consents to the foregoing Amendment, (b) acknowledges that
notwithstanding the execution and delivery of the foregoing Amendment, the
obligations of each of the undersigned Guarantors are not impaired or affected
and the Parent Guaranty, the Subsidiary Guaranty, and the cross-guaranty
contained in the Credit Agreement continue in full force and effect, and
(c) ratifies the Parent Guaranty, the Subsidiary Guaranty or the
cross-guaranty contained in the Credit Agreement, as applicable, and each of
the Loan Documents to which it is a party and further ratifies the Liens
granted by it to any Agent for its benefit and the benefit of the Lenders.

 

[signatures following; remainder of page intentionally left blank]

Consent-1

                                IN
WITNESS WHEREOF, each of the undersigned has executed and delivered this
CONSENT OF GUARANTORS as of the date first set forth above. 

 

WESTAFF, INC.

 

 

 

By: /s/ Dirk A. Sodestrom

Name:  Dirk A. Sodestrom

Title:  Senior Vice President and Chief

                Financial
Officer

 

 

WESTERN MEDICAL
SERVICES, INC.,

a California corporation

 

 

 

By: /s/ Dirk A. Sodestrom

Name:  Dirk A. Sodestrom

Title:  Executive Vice President, Chief

                Financial
Officer and Secretary

 

 

WESTAFF (USA),
INC.

 

 

 

By: /s/ Dirk A. Sodestrom

Name:  Dirk A. Sodestrom

Title:  Senior Vice President and Chief

                Financial
Officer

 

 

 

WESTAFF
SUPPORT, INC.

 

 

 

By: /s/ Dirk A. Sodestrom

Name:  Dirk A. Sodestrom

Title:  Senior Vice President and Chief

                Financial
Officer

 

 

 

 

MEDIAWORLD
INTERNATIONAL

 

 

 

By: /s/ Dirk A. Sodestrom

Name:   Dirk A. Sodestrom

Title:  Senior Vice President and Chief

                Financial
Officer

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