Document:

TVI Sixth Amendment to Financing and Security Agreement

 Exhibit 10.6.6 
 SIXTH AMENDMENT TO 
 FINANCING AND SECURITY AGREEMENT 
 THIS SIXTH AMENDMENT TO FINANCING AND SECURITY AGREEMENT (this “Agreement”) is made as of December 31, 2007 by and among TVI CORPORATION,
a Maryland corporation (“TVI”), CAPA MANUFACTURING CORP., a Maryland corporation (“Capa”), SAFETY TECH INTERNATIONAL, INC., a Maryland corporation (“Safety Tech”), and SIGNATURE SPECIAL EVENT SERVICES, INC. (formerly
named “TVI Holdings One, Inc.”) (“Signature TVI”) jointly and severally (each of TVI, Capa, Safety Tech, and Signature TVI, a “Borrower”; TVI, Capa, Safety Tech, and Signature TVI, collectively, the
“Borrowers”); and BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation (the “Lender”). 
 RECITALS 
 A. The Borrowers and the Lender entered into a Financing and Security Agreement dated October 31, 2006 (as
amended by First Amendment to Financing and Security Agreement dated May 25, 2007, Second Amendment to Financing and Security Agreement dated June 21, 2007, Third Amendment to Financing and Security Agreement dated August 7, 2007,
Fourth Amendment to Financing and Security Agreement dated October 12, 2007, Fifth Amendment to Financing and Security Agreement dated November 7, 2007, and as amended, restated, modified, substituted, extended, and renewed from time to
time, the “Financing Agreement”). The Financing Agreement provides for some of the agreements between the Borrowers and the Lender with respect to the “Loans” (as defined in the Financing Agreement), including (i) a
revolving credit facility in the maximum principal amount of $25,000,000 and (ii) an Acquisition Line under which an advance evidenced by an Acquisition Line Term Note is outstanding and no further advances are to be made. 
 B. The Borrowers have requested that the Lender modify the definition of “Borrowing Base” to (a) extend the date of reduction from 65% of
Eligible Fixed Assets (as such term is defined in the Financing Agreement) to 55% of Eligible Fixed Assets under clause (iii) of such definition from December 31, 2007 to March 31, 2008, and (b) extend the termination date
applicable to additional advances under clause (iv) of such definition from December 31, 2007 to March 31, 2008. 
 C. The
Lender is willing to agree to the Borrowers’ request on the condition, among others, that this Agreement be executed. 
 AGREEMENTS 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, receipt of
which is hereby acknowledged, the Borrowers, jointly and severally, and the Lender agree as follows: 
  

 1. The Borrowers and the Lender agree that the Recitals above are a part of this Agreement. Unless
otherwise expressly defined in this Agreement, terms defined in the Financing Agreement shall have the same meaning under this Agreement. 
 2. Each Borrower represents and warrants to the Lender as follows: 
 (a) Each Borrower (a) is a corporation duly organized,
existing and in good standing under the laws of the jurisdiction of its incorporation stated in the Perfection Certificate and is organized in no other jurisdiction, (b) has the corporate power to own its property and to carry on its business
as now being conducted, and (c) is duly qualified to do business and is in good standing in each jurisdiction in which the character of the properties owned by it therein or in which the transaction of its business makes such qualification
necessary. 
 (b) Each Borrower has the power and authority to execute and deliver this Agreement and perform its obligations hereunder and
has taken all necessary and appropriate corporate action to authorize the execution, delivery and performance of this Agreement. 
 (c) The
Financing Agreement, as amended by this Agreement, and each of the other Financing Documents remain in full force and effect, and each constitutes the valid and legally binding obligation of the Borrower, enforceable in accordance with its terms,
subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in
equity or at law. 
 (d) No Event of Default and no event which, with notice, lapse of time or both would constitute an Event of Default, has
occurred and is continuing under the Financing Agreement or the other Financing Documents which has not been waived in writing by the Lender or which is not waived under the terms of this Agreement. 
 (e) The execution, delivery and performance of the terms of this Agreement will not conflict with, violate or be prevented by (i) the
Borrower’s charter or bylaws, (ii) any existing mortgage, indenture, contract or agreement binding on the Borrower or affecting its property, or (iii) any Laws. 
 3. On the date of this Agreement, the outstanding principal sum under the Acquisition Line Term Note is $2,291,671.00. 
 4. Section 2.1.3(a) of the Financing Agreement is hereby amended in its entirety to read as follows: 
 (a) As used in this Agreement, the term “Borrowing Base” means at any time, an amount equal to the aggregate of
(i) eighty-five percent (85%) of the amount of Eligible Receivables plus (ii) the lesser of (A) fifty-five percent (55%) of the amount of Eligible Inventory or (B) Six Million Dollars ($6,000,000), subject to the
adjustments provided in this Section 2.1, plus (iii) (A) sixty-five percent (65%) of the amount of Eligible Fixed Assets through and including March 31, 2008, and (B) fifty-five percent (55%) of the amount
of 

  

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Eligible Fixed Assets, thereafter, plus (iv) only for period commencing on May 25, 2007 through and including March 31, 2008,
$3,600,000. 
 5. At the time this Agreement is executed and delivered, (a) the Borrowers shall deliver to the Lender incumbency
certificates with respect to the Borrowers’ Responsible Officers, (b) the Borrowers shall pay to the Lender as part of the Obligations the reasonable fees and expenses of Lender’s counsel, and (c) the Borrowers shall pay the
Lender an amendment fee in the amount of $15,000, which fee is fully earned and non-refundable. 
 6. The Borrowers hereby issue, ratify and
confirm the representations, warranties and covenants contained in the Financing Agreement, as amended hereby. The Borrowers agree that this Agreement is not intended to and shall not cause a novation with respect to any or all of the Obligations.

 7. The Borrowers acknowledge and warrant that the Lender has acted in good faith and has conducted in a commercially reasonable manner its
relationships with the Borrowers in connection with this Agreement and generally in connection with the Financing Agreement and the Obligations. Without implying any limitation on the foregoing, the Borrowers acknowledge and agree that they have no
defenses, affirmative or otherwise, rights of setoff, rights of recoupment, claims, damages, losses, counterclaims, actions, causes of action, defenses, or affirmative defenses, all of any kind or nature whatsoever, in law or in equity, whether
presently known or unknown (collectively, “Claims”) against the Lender or any past, present or future agent, attorney, legal representative, predecessor in interest, affiliate, successor, assign, employee, director or officer of the Lender
(collectively, the “Lender Group”), directly or indirectly, arising out of, based upon, or in any manner connected with, any transaction, event, circumstance, action, course of dealing, failure to act, or occurrence of any sort or type,
whether known or unknown, which occurred, existed, was taken, permitted, or begun prior to the execution of this Agreement and occurred, existed, was taken, permitted or begun in accordance with, pursuant to, or by virtue of the Obligations or any
of the terms or conditions of the Financing Documents, or which directly or indirectly relate to or arise out of or in any manner are connected with the Obligations or any of the Financing Documents; provided, however, to the extent any Claims exist
or existed, each and all of the same are hereby forever waived, discharged and released, other than Claims for matters described in the last sentence of Section 2.1.8 for which the applicable period for providing written objections have not
expired and other than corrections to balances for the Loans and other Obligations due to clerical errors. 
 8. The Borrowers shall pay at
the time this Agreement is executed and delivered all fees, commissions, costs, charges, taxes and other expenses incurred by the Lender and its counsel in connection with this Agreement, including, but not limited to, reasonable fees and expenses
of the Lender’s counsel and all recording fees, taxes and charges. 
 9. This Agreement and the rights and obligations of the parties
hereunder shall be governed by and interpreted in accordance with the Laws of Maryland. 
 10. This Agreement is one of the Financing
Documents. This Agreement may be executed in any number of duplicate originals or counterparts, each of such duplicate originals or counterparts shall be deemed to be an original and taken together shall constitute but one and the 

  

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same instrument. The parties agree that their respective signatures may be delivered by fax or other electronic means acceptable to the Lender. Any party who
chooses to deliver its signature by fax agrees or such other electronic means to provide a counterpart of this Agreement with its inked signature promptly to each other party. 
 Signatures begin on the following page. The rest of this page is intentionally left blank. 
  

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 BORROWERS’ SIGNATURE PAGE TO 
 SIXTH AMENDMENT TO FINANCING AND SECURITY AGREEMENT 
 (Page 1 of 2 Signature Pages)

 IN WITNESS WHEREOF, each of the parties hereto have executed and delivered this Agreement under their respective seals as of the day and
year first written above. 
  

									
	ATTEST:	 		 	TVI CORPORATION	 	
					
	/s/ Sean R. Hunt	 		 	By:	 	/s/ Harley A. Hughes	 	(Seal)
	 Sean R. Hunt
 Secretary
	 		 		 	 Harley A. Hughes
 President and Chief Executive
Officer
	 	

  

									
	ATTEST:	 		 	CAPA MANUFACTURING CORP.	 	
					
	/s/ Sean R. Hunt	 		 	By:	 	/s/ Harley A. Hughes	 	(Seal)
	 Sean R. Hunt
 Secretary
	 		 		 	 Harley A. Hughes,
 President
	 	

  

									
	ATTEST:	 		 	SAFETY TECH INTERNATIONAL, INC.	 	
					
	/s/ Sean R. Hunt	 		 	By:	 	/s/ Harley A. Hughes	 	(Seal)
	 Sean R. Hunt
 Secretary
	 		 		 	 Harley A. Hughes,
 President
	 	

  

									
	ATTEST:	 		 	SIGNATURE SPECIAL EVENT SERVICES, INC	 	
					
	/s/ Sean R. Hunt	 		 	By:	 	/s/ Harley A. Hughes	 	(Seal)
	 Sean R. Hunt
 Secretary
	 		 		 	 Harley A. Hughes,
 President
	 	

  

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 LENDER’S SIGNATURE PAGE TO 
 SIXTH AMENDMENT TO FINANCING AND SECURITY AGREEMENT 
 (Page 2 of 2 Signature Pages)

 IN WITNESS WHEREOF, each of the parties hereto have executed and delivered this Agreement under their respective seals as of the day and
year first written above. 
  

									
	WITNESS:	 		 	BRANCH BANKING AND TRUST COMPANY	 	
					
	 	 		 	By:	 	/s/ Derek T. Witwer	 	(Seal)
		 		 		 	 Derek T. Whitwer,
 Senior Vice
President
	 	

  

 6Amendment to Lease Agreement, dated December 27, 2007

 Exhibit 10.16.1 
 AMENDMENT TO LEASE AGREEMENT 
 THIS AMENDMENT
TO LEASE AGREEMENT (hereinafter “Amendment”) is made this 27th day of December, 2007, by and between Remsberg, LLC (“Landlord”) and
Signature Special Event Services, Inc. (“Tenant”). 
 WHEREAS, Tenant’s predecessor in interest, Signature Special
Event Services, LLC (“Original Tenant”), and Landlord did enter into a certain Lease Agreement dated October 6, 2004, for the lease by Original Tenant from Landlord of, among other things, a certain 55,350 square foot warehouse
facility located at 285 Bucheimer Road, Frederick, Maryland (the “Lease”); and 
 WHEREAS, on October 31, 2006, all of the
assets of Original Tenant was acquired by Tenant, and in connection therewith, the Tenant, with Landlord’s consent, took possession of the Premises described in the Lease, and assumed the rights and obligations arising after October 31,
2006, under the Lease; and 
 WHEREAS, Tenant has failed to timely exercise the renewal option set forth in the Lease; consequently, the
Lease is to expire by its terms on December 31, 2007; and 
 WHEREAS, Tenant has requested the Landlord to extend the Lease for an
additional term, and the Landlord has agreed to modify the Lease in accordance with the terms and provisions hereinbelow set forth. 
 NOW,
THEREFORE, THIS AMENDMENT TO LEASE AGREEMENT, WITNESSETH: That for and in consideration of the mutual promises herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereto agree as follows: 
 1. The introductory and WHEREAS clauses set forth above constitute an accurate account of the facts recited
therein and the intention of the parties. 
 2. Subject to the terms and provisions of this Amendment, the Landlord hereby agrees to lease to
Tenant, and Tenant hereby leases from Landlord, the Premises described in the Lease for an additional term of two (2) years commencing on January 1, 2008, and ending on December 31, 2009 (the “Additional Term”). The word
“Term” as used in the Lease shall include within its meaning the “Additional Term” set forth in this Amendment. The annual Base Rent for the Premises during the Additional Term shall be as follows: 
  

				
	 	  	Annual Base Rent
	 For the year January 1, 2008, through December 31, 2008
	  	$	313,644.00
	 For the year January 1, 2009, through December 31, 2009
	  	$	316,788.00
		  	 	 
	 Total Base Rent for Additional Term
	  	$	630,432.00

 The Base Rent due under the Lease, as
amended hereby, shall be payable in monthly installments, in advance, without deduction or setoff, commencing on January 1, 2008, and continuing thereafter on the 1st day of each and every month during the Additional Term. The monthly installment payable during each year respectively of the Additional Term shall be determined by dividing the annual Base Rent for the year in
question as set forth above by twelve (12). Anything set forth herein to the contrary notwithstanding, this Amendment is for the entire Additional Term and the entire amount of Base Rent for the entire Additional Term is due and payable hereunder
(subject, however, to any earlier termination prior to the end of the Term pursuant to paragraph 4 of this Amendment), with the payment of Base Rent in monthly installments being solely an accommodation to the Tenant. Upon the occurrence of an Event
of Default under the Lease, the entire unpaid balance of Base Rent for the entire Additional Term, and all other Rent reserved under the Lease, as hereby amended, shall become immediately due and payable, without notice or demand, at Landlord’s
option. In the event that Landlord collects the entire Rent payable under the Lease for the balance of the Additional Term from the Tenant after the occurrence of an Event of Default under the Lease, Landlord shall after receipt of written demand
from Tenant delivered to Landlord not later than thirty (30) days after the end of the Additional Term (as if the lease was not earlier 

 
terminated), time being of the essence, promptly account to Tenant for any Rent collected by Landlord by reletting the Premises to other tenants during the
period from Tenant’s surrender of or eviction from the Premises to the end of the Additional Term (as if the lease was not earlier terminated), with Landlord to remit to Tenant such Rent collected in connection with reletting the Premises, less
all expenses associated with such reletting, including any repairs and replacements to the Premises in connection therewith, except to the extent that the Rent realized by Landlord from such reletting exceeds Rent due under the Lease, as hereby
amended, in which case the Landlord shall retain such excess. 
 3. Tenant shall pay to Landlord upon the execution of this Amendment, the
sum of $79,197.00 as a Security Deposit hereunder. The Security Deposit shall be held by Landlord as security for Tenant’s full and faithful performance of all of the terms and provisions of the Lease, as amended hereby. Anything set forth in
the Lease to the contrary notwithstanding, in the event Tenant defaults on any payment of Rent reserved under the Lease, as amended hereby, or fails to perform any of the other covenants or conditions set forth in the Lease, as amended hereby,
Landlord shall have the right to apply the Security Deposit or any portion thereof, against any Rent, expenses, costs or fees incurred by Landlord in curing such default or failure. In the event of any such application by Landlord as a result of a
failure to pay Rent, Tenant shall, upon written demand of Landlord, forthwith deposit with Landlord a sufficient amount of cash to restore the Security Deposit to the original amount thereof, and Tenant’s failure to do so within ten
(10) days after receipt of such demand from Landlord shall constitute an Event of Default under the Lease. In the event the Lease shall be terminated for any reason other than: (i) default by Landlord, (ii) damage or destruction to
the Leased Premises, (iii) termination of the Lease pursuant to paragraph 4. of this Amendment below, or (iv) condemnation (in any of which events the Security Deposit, less any portion thereof that may have been utilized by Landlord to
cure any default or applied to any damages suffered by Landlord, shall be refunded to Tenant), Landlord shall have the right to apply the Security Deposit to such damages and to retain the balance thereof until the end of the Additional Term
(whether or not the Lease has been earlier terminated) so that the full damages of Landlord may be ascertained. Except as otherwise provided below, following the termination of the Lease under paragraph 4 of this Amendment (provided the Security
Deposit was not fully applied to the Termination Fee) or expiration of the Additional Term, provided Tenant has paid all of the Rent required under the Lease, as hereby amended, and fully performed all of the other covenants and conditions under the
Lease, as hereby amended, Landlord shall return to Tenant the Security Deposit, less any portion thereof that may have been utilized by Landlord to cure any default or applied to any damages suffered by Landlord. Neither the Security Deposit nor the
application thereof by Landlord, as hereinabove provided, shall be a bar or defense to any action in unlawful detainer or to any other action which Landlord may at any time commence for a breach of any of the covenants or conditions of the Lease. No
interest shall be paid on any part of the Security Deposit and Landlord shall not be required to keep the Security Deposit separate or in any segregated account. At Landlord’s discretion, after receipt of a written request from Tenant, the
Security Deposit may be applied to the Base Rent installments due under the Lease during the last three (3) months of the Additional Term, provided that Tenant has fully and faithfully performed all terms and provisions of the Lease, as hereby
amended. 
 4. Provided no Event of Default with respect to failure to pay Rent has occurred and is continuing under the Lease, as hereby
amended, Tenant may elect to terminate the Lease at any time during the Additional Term by delivering written notice of such termination (the “Termination Notice”) to Landlord by certified mail, postage prepaid, return receipt requested,
at least one hundred eighty (180) days prior to the proposed termination date, time being of the essence, with such written notice of termination to state the proposed termination date. No later than the proposed termination date, time being of
the essence, Tenant shall pay to Landlord a Termination Fee in an amount equal to the lesser of (i) the sum of the next three (3) monthly Base Rent installments that would be due immediately after the proposed termination date as if the
Lease were not terminated, or (ii) the sum of all monthly Base Rent installments that would be due immediately after the proposed termination date through the end of the Additional Term as if the Lease were not terminated. In connection with
the Termination Fee, the Tenant will be permitted in the Termination Notice to direct Landlord to apply the Security Deposit then held by Landlord toward payment of the Termination Fee. Nothing contained herein shall release Tenant of its obligation
to timely pay all Rent due under the Lease through the proposed termination date set forth in the 

  

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Termination Notice. The occurrence of an Event of Default with respect to failure to pay Rent under the Lease by Tenant after the giving of a timely
Termination Notice, but prior to the proposed termination date set forth in such Termination Notice shall cause such Termination Notice to be null and void. In the event that the Tenant validly elects to terminate the Lease in all respects in
accordance with the foregoing provisions, the Termination Notice shall be irrevocable and the Term of the Lease, as hereby amended, and Tenant’s right to possess the Premises shall end on the proposed termination date set forth in Tenant’s
Termination Notice, and the Tenant shall on or before such date, time being of the essence, surrender the Premises to the Landlord in accordance with the terms of the Lease. Landlord shall have the right to display “For Rent” signs at the
Premises, list the Premises for rent with a real estate broker, and to cause the Premises to be shown to prospective tenants, after reasonable prior notice to Tenant, from and after receipt of the Termination Notice from Tenant. 
 5. From and after the date hereof, the Lease is further amended and modified as follows: 
 A. Paragraph 15 of the Lease beginning in the middle of page 8 of the Lease and continuing through the middle of page 11 of the Lease is hereby stricken
in its entirety with the same being replaced with the following language: 
 “15. Intentionally omitted.”

 B. Paragraph 2(c) on page 1 of the Lease is hereby stricken in its entirety and replaced with the following language: 
 “(c) Extension Term. Intentionally Omitted.” 
 C. Paragraph 23(h) on page 19 of the Lease is hereby amended and restated in its entirety with the following language: 
 “(h) Recording. This Lease (or a memorandum thereof) shall not be recorded by Tenant.” 
 D. Paragraph 19(a) on page 15 of the Lease is hereby amended by inserting the following language immediately prior to the last sentence of paragraph
19(a) between the words “days.” and “Following”: 
 “The appointment of a receiver, trustee or
liquidator for the business or property of the Tenant, or the commencement of a case under the Federal Bankruptcy Code or any State insolvency proceeding, by or against the Tenant, or the filing of a voluntary or involuntary petition proposing the
adjudication of the Tenant as a bankrupt or insolvent, or the reorganization of Tenant, or an arrangement by Tenant with its creditors, unless the petition is filed or case commenced by a party other than the Tenant and is withdrawn or dismissed
within sixty (60) days after the date of its filing, shall in each case constitute an Event of Default under this Lease.” 
 6.
Except to the extent modified hereby, in which case the terms of this Amendment shall control, the parties hereto ratify and confirm that the Lease remains in full force and effect in accordance with its original terms and otherwise unmodified.

  

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 IN WITNESS WHEREOF, the undersigned have executed this Amendment under seal as a specialty on the day and
year first above written. 
  

									
	WITNESS:	 		 	TENANT:
			
		 		 	SIGNATURE SPECIAL EVENT SERVICES, INC.
					
		 		 	BY:	 	 /s/ Sherri Voelkel
	 	(SEAL)
		 		 	Name:	 	Sherri Voelkel	 	
		 		 	Title:	 	Treasurer	 	
			
		 		 	LANDLORD:
			
		 		 	REMSBERG, LLC
					
		 		 	BY:	 	 /s/ Douglas A. Remsberg
	 	(SEAL)
		 		 		 	Douglas A. Remsberg	 	
		 		 		 	Managing Member	 	

  

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