Document:

Staffing 360 Solutions, Inc.

 

ADVISORY AGREEMENT

 

THIS ADVISORY
(“Agreement”) is made and entered into as of this 15th day of February 2013 (“Effective Date”) by and between
Staffing 360 Solutions, Inc., a publicly held Nevada corporation (“Company”) and Joshua Capital, LLC an
Arizona Corporation (“Advisor”).

 

RECITALS

 

WHEREAS, Company
desires to obtain independent advisory and consulting services in connection with its business operations; and

 

WHEREAS, Advisor
is engaged in the business of providing advisory services and advising companies in connection with their business operations;

 

WHEREAS, Company
desires to engage Advisor to perform certain consulting services for it, and Advisor desires to perform consulting services for
the Company, subject to the terms and conditions of this Agreement;

 

THEREFORE, for
the mutual promises contained herein, the parties hereto agree as follows:

 

AGREEMENT

 

1.          ENGAGEMENT
BY ADVISOR.

 

Company hereby engages
Advisor and Advisor hereby agrees to hold itself available to render, and to render at the reasonable request of the Company, independent
advisory and consulting services for the Company to the best of its ability, upon the terms and conditions hereinafter set forth.
Such consulting services shall include, but not be limited to, general consulting advice and performance of services.

 

2.          TERM.

 

The term of this Agreement
shall commence on February 4, 2013 and shall continue for a period of 18 months, unless extended in accordance with provisions
of this Agreement.

 

3.          COMPENSATION.

 

The aggregate compensation
payable during the term pursuant to this Agreement is payable in cash on the following basis:

 

3.1 Compensation will
commence at a rate of $10,000 per month beginning upon the execution of this agreement.

 

3.2 Compensation will
increase to $15,000 per month on completion of the first acquisition of a temporary staffing company by S360 and contemporaneous
financing.

 

4.          INDEPENDENT
CONTRACTOR.

 

It is expressly agreed
that Advisor is acting as an independent contractor in performing its services hereunder, and this Agreement is not intended to,
nor does it create, an employer-employee relationship nor shall it be construed as creating any joint venture or partnership between
the Company and Advisor. Advisor shall be responsible for all applicable federal, state and other taxes related to Advisor's consulting
fee and Company shall not withhold or pay any such taxes on behalf of Advisor, including without limitation social security, federal,
state and other local income taxes. Since Advisor is acting solely as an independent contractor under this Agreement, Advisor shall
not be entitled to insurance or other benefits normally provided by Company to its employees. Advisor shall be relying upon the
Company to supply accurate data and information without independent verification.

 

    	Page 1 of 5

    	 

    

 

5.          ASSIGNMENT.

 

This Agreement is being
entered into in reliance upon and in consideration of the singular skill and qualifications of Advisor. Neither Advisor nor the
Company shall voluntarily, or by operation of law assign or otherwise transfer the obligations incurred on its part pursuant to
terms of this Agreement without the prior written consent of the other party. Any attempt at assignment or transfer by either party
of its obligations hereunder, without such consent, shall be null and void.

 

6.          CONFIDENTIALITY.

 

Advisor recognizes
that during the course of Advisor's activities on behalf of the Company, it will accumulate certain proprietary and confidential
information and trade secrets used in the Company's business and will have divulged to it certain confidential and proprietary
information and trade secrets about the business, operations and prospects of the Company, which constitute valuable business assets
of the Company. Advisor hereby acknowledges and agrees that such information, except for information which is in the public domain
prior to Advisor’s receipt thereof, or which subsequently becomes part of the public domain other than by Advisor’s
breach of a confidentiality obligation, or which Advisor can clearly demonstrate was in its possession prior to receipt thereof
from the Company and was developed by Advisor or received by Advisor from a third-party without breach of such third-parties confidentiality
obligations with respect thereto (“Proprietary Information”) is confidential and proprietary and constitutes trade
secret information and the Proprietary Information belongs to the Company and not to Advisor. Advisor agrees, to the extent not
prohibited by law, that it shall not, at any time during or after the Term of this Agreement and one year after the expiration
or termination of this Agreement, disclose, divulge or make known, directly or indirectly, to any person, or otherwise use or exploit
in any manner any Proprietary Information obtained by Advisor under this Agreement, except in connection with and to the extent
required by its performance of its duties hereunder for the Company. Upon termination of this Agreement, Advisor shall deliver
to Company all tangible displays and repositories of Proprietary Information.

 

7.          TERMINATION.

 

This Agreement may
be terminated on the occurrence of any one of the following events:

 

7.1           The
expiration of the Term hereof;

 

7.2           By
the Company “with cause,” effective upon delivery of written notice to Advisor given at any time (without any necessity
for prior notice) if any of the following shall occur:

(a)          a
material breach of this Agreement by Advisor, which breach has not been cured within thirty (30) days after a written demand for
such performance is delivered to Advisor by the Company that specifically identifies the manner in which the Company believes that
Advisor has breached this Agreement;

 

(b)          any
material acts or events which inhibit Advisor from fully performing its responsibilities to the Company in good faith, such as
(i) a felony criminal conviction; (ii) any other criminal conviction involving Advisor's lack of honesty or Advisor's moral turpitude;
(iii) drug or alcohol abuse; or (iv) acts of dishonesty, gross carelessness or gross misconduct.

 

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8.          DISCLAIMER
OF RESPONSIBILITY FOR ACTS OF COMPANY.

 

The obligations of
the Advisor described in this Agreement consist solely of the furnishing of information and advice to the Company. In no event
shall Advisor be required by this Agreement to act as the agent of the Company or otherwise to represent or make decisions for
the Company. All final decisions with respect to acts of the Company or its affiliates, whether or not made pursuant to or in reliance
on information or advice furnished by Advisor hereunder, shall be those of the Company or such affiliates and Advisor shall under
no circumstances be liable for any expenses incurred or loss suffered by the Company as a consequence of such decisions.

 

9.          GENERAL
PROVISIONS.

 

9.1           Governing
Law and Jurisdiction. This Agreement shall be governed by and interpreted in accordance with the laws of the State of New
York. Each of the parties hereto consents to such jurisdiction for the enforcement of this Agreement and matters pertaining to
the transaction and activities contemplated hereby.

 

9.2           Attorneys'
Fees. In the event a dispute arises with respect to this Agreement, the party prevailing in such dispute shall be entitled
to recover all expenses, including, without limitation, reasonable attorneys' fees and expenses incurred in ascertaining such party's
rights, in preparing to enforce or in enforcing such party's rights under this Agreement, whether or not it was necessary for such
party to institute suit.

 

9.3           Complete
Agreement. This Agreement supersedes any and all of the other agreements, either oral or in writing, between the Parties
with respect to the subject matter hereof and contains all of the covenants and agreements between the parties with respect to
such subject matter in any manner whatsoever. Each party to this Agreement acknowledges that no representations, inducements, promises
or agreements, oral or otherwise, have been made by any party, or anyone herein, and that no other agreement, statement or promise
not contained in this Agreement shall be valid or binding. This Agreement may be changed or amended only by an amendment in writing
signed by all of the Parties or their respective successors-in-interest.

 

9.4           Binding.
This Agreement shall be binding upon and inure to the benefit of the successors-in-interest, assigns and personal representatives
of the respective Parties.

 

9.5           Notices.
All notices and other communications provided for or permitted hereunder shall be made by hand delivery, first class mail, telex
or telecopied, addressed as follows:

 

	Party:	Company:	Staffing 360 Solutions, Inc.
	 	 	A. J. Cervantes
	 	 	641 Lexington Avenue
	 	 	Suite 1526
	 	 	New York, NY 10022
	 	 	 
	 	Advisor:	Joshua Capital
	 	 	Robert Y. Lee

 

All such notices and
communications shall be deemed to have been duly given: when delivered by hand, if personally delivered; five (5) business days
after deposit in any Post Office in the continental United States or Canada, postage prepaid, if mailed; when answered back, if
telexed; and when receipt is acknowledged or confirmed, if telefaxed. No notices may be sent via computer generated electronic
mail (so-called “email”).

 

9.6           Unenforceable
Terms. Any provision hereof prohibited by law or unenforceable under the law of any jurisdiction in which such provision
is applicable shall as to such jurisdiction only be ineffective without affecting any other provision of this Agreement. To the
full extent, however, that such applicable law may be waived to the end that this Agreement be deemed to be a valid and binding
agreement enforceable in accordance with its terms, the Parties hereto hereby waive such applicable law knowingly and understanding
the effect of such waiver.

 

    	Page 3 of 5

    	 

    

 

9.7           Execution
in Counterparts. This Agreement may be executed in several counterparts and when so executed shall constitute one agreement
binding on all the Parties, notwithstanding that all the Parties are not signatory to the original and same counterpart.

 

9.8           Further
Assurance. From time to time each Party will execute and deliver such further instruments and will take such other action
as any other Party may reasonably request in order to discharge and perform their obligations and agreements hereunder and to give
effect to the intentions expressed in this Agreement.

 

9.9           Incorporation
by Reference. All exhibits referred to in this Agreement are incorporated herein in their entirety by such reference.

 

9.10         Miscellaneous
Provisions. The various headings and numbers herein and the grouping of provisions of this Agreement into separate articles
and paragraphs are for the purpose of convenience only and shall not be considered a party hereof. The language in all parts of
this Agreement shall in all cases be construed in accordance with its fair meaning as if repared by all Parties to the Agreement
and not strictly for or against any of the Parties.

 

9.11         Applicable
Law. This Agreement shall be construed as a whole and in accordance with its fair meaning. This Agreement shall be interpreted
in accordance with the laws of the State of New York.

 

9.12         
Entire Agreement. This Agreement, together with the documents and exhibits referred to herein, embodies the entire understanding
among the parties and merges all prior discussions or communications among them, and no party shall be bound by any definitions,
conditions, warranties, or representations other than as expressly stated in this Agreement, or as subsequently set forth in writing,
signed by the duly authorized representatives of all of the parties hereto. This agreement, when executed shall supercede and render
null and void any and all preceding oral or written understandings and agreements.

 

9.13         No
Oral Change; Waiver. This Agreement may only be changed, modified, or amended in writing by the mutual consent of the parties
hereto. The provisions of this Agreement may only be waived in or by a writing signed by the party against whom enforcement of
any waiver is sought.

 

10.         INDEMNIFICATION.

 

Both Parties shall
indemnify, defend and hold the other party harmless against any and all claims, loss, cost, liability, or expense (including, without
limitation, reasonable attorneys’ fees and costs) incurred, sustained and/or paid by either party arising out of (i) any
breach by either party of any of its representations, warranties or covenants made under or in connection with this Agreement,
or (ii) the gross negligence or willful misconduct of either party in its performance under this Agreement.

 

11.         WARRANTIES
AND REPRESENTATIONS.

 

Advisor’s advisory
services are provided on a best efforts basis and are based on its personal experience and expertise. There are no guarantees,
warranties or representations of any kind that Advisor's advice or services will produce any specific results for the benefit of
the Company. Actual results may substantially and materially differ from those suggested by Advisor or included in the Exhibits
attached hereto. Advisor represents and warrants to Company that (a) it is under no contractual restriction or other restrictions
or obligations that are inconsistent with this Agreement, the performance of his duties and the covenants hereunder, and (b) it
is under no physical or mental disability that would interfere with his keeping and performing all of the agreements, covenants
and conditions to be kept or performed hereunder.

 

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IN WITNESS WHEREOF,
the Parties hereto have executed this Agreement as of the day and year first above written.

 

	“COMPANY”	 	“ADVISOR”
	 	 	 	 	 
	Staffing 360 Solutions, Inc.	 	Joshua Capital, Inc.
	 	 	 	 	 
	By:	/s/ Alfonso
    J. Lervantes           	 	By:	Robert Lee           
	 		 	 	 
	Its:	President	 	Its:	President
	 	 	 	 	 
	Date:	2/15/13	 	Date:	2/18/13

 

    	Page 5 of 5EXECUTION ORIGINAL

 

FIRST AMENDMENT TO REVOLVING CREDIT,
TERM LOAN

AND SECURITY AGREEMENT

 

THIS
FIRST AMENDMENT TO REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT (this “Agreement”)
is entered into February 15, 2013 by and among HUDSON TECHNOLOGIES COMPANY, a corporation organized under the laws of the
State of Tennessee (the “Borrower”), the financial institutions which are now or which
hereafter become a party hereto (collectively, the “Lenders” and individually a “Lender”) and PNC BANK,
NATIONAL ASSOCIATION (“PNC”), as agent for Lenders (PNC, in such capacity, the “Agent”).

 

RECITALS

 

Whereas, the Borrower
and the Lenders entered into a certain Revolving Credit, Term Loan and Security Agreement dated June 22, 2012 (as is being and
may be further amended, replaced, restated, modified and/or extended, the “Loan Agreement”); and

 

Whereas, Borrower and
the Lenders have agreed to modify the terms of the Loan Agreement as set forth in this Agreement.

 

Now, therefore, in
consideration of the Lenders’ continued extension of credit and the agreements contained herein, the parties agree as follows:

 

AGREEMENT

 

		1)	ACKNOWLEDGMENT OF BALANCE. Borrower acknowledges that the most recent statement of account
sent to the Borrower with respect to the Obligations is correct.

 

		2)	MODIFICATIONS. The Loan Agreement be and hereby is modified as follows:

 

		(a)	The following definitions contained in Section 1.2 of the Loan Agreement are hereby deleted and
are replaced to read as follows:

 

“Maximum Loan Amount”
shall mean $40,000,000 less repayments of the Term Note.

 

“Maximum Revolving Advance
Amount” shall mean $36,000,000.

 

		3)	ACKNOWLEDGMENTS. Borrower acknowledges and represents that:

 

(A)the Loan Agreement and
Other Documents, as amended hereby, are in full force and effect without any defense, claim, counterclaim, right or claim of set-off;

 

(B)to the best of its knowledge,
no default by the Agent or Lenders in the performance of their duties under the Loan Agreement or the Other Documents has occurred;

 

(C)all representations and
warranties of the Borrower contained herein, in the Loan Agreement and in the Other Documents are true and correct in all material
respects as of this date;

 

(D)Borrower has taken all
necessary action to authorize the execution and delivery of this Agreement; and

 

(E)this Agreement is a modification
of an existing obligation and is not a novation.

 

		4)	PRECONDITIONS. As a precondition to the effectiveness of any of the modifications, consents,
or waivers contained herein, the Borrower agrees to:

 

(A)provide the Agent with
this Agreement, the Amended and Restated Revolving Credit Note and the Guarantor’s Ratification properly executed;

 

(B)provide the Agent with
Resolutions and Secretary Certificates of the Borrower and Guarantors in form and substance acceptable to the Agent which approves
the modification contemplated hereby.

 

(C)pay to the Agent an amendment
fee in the amount of $40,000;

 

(D)pay all legal fees incurred
by the Agent in entering into this Agreement to Wilentz, Goldman & Spitzer via wire transfer;

 

(E)pay all other fees and
costs incurred by the Lenders in entering into this Agreement; and

 

(F)documentation evidencing
the asset acquisition from EFFTec International, Inc. and EFFTec Technologies, Inc. including the following:

 

    	1

    	 

    
 

EXECUTION ORIGINAL

 

 

		(i)	fully executed copies of the Asset Purchase Agreement;

 

		(ii)	copies of Certificates of Incorporation together with Good Standing Certificates and evidence of
payment of franchise taxes in the jurisdiction of incorporation and all jurisdictions where qualified to do business;

 

		(iii)	full searches against Sellers including UCC, Federal and State tax liens, judgment, bankruptcy
and litigation searches;

 

		(iv)	copies of all of the releases/satisfaction of liens/UCC Termination Statements;

 

		(v)	copies of Seller’s opinion of counsel;

 

		(vi)	evidence that Borrower has qualified to do business in the state of Oklahoma; and

 

		(vii)	copies of lease relative to the Premises together with executed Landlord’s Waiver.

 

		5)	MISCELLANEOUS. This Agreement shall be construed in accordance with and governed by the
laws of the State of New York, without reference to that state’s conflicts of law principles. This Agreement, the Loan Agreement
and the Other Documents constitute the sole agreement of the parties with respect to the subject matter thereof and supersede all
oral negotiations and prior writings with respect to the subject matter thereof. No amendment of this Agreement, and no waiver
of any one or more of the provisions hereof shall be effective unless set forth in writing and signed by the parties hereto. The
illegality, unenforceability or inconsistency of any provision of this Agreement shall not in any way affect or impair the legality,
enforceability or consistency of the remaining provisions of this Agreement, the Loan Agreement or the Other Documents. This Agreement,
the Loan Agreement and the Other Documents are intended to be consistent. However, in the event of any inconsistencies among this
Agreement, the Loan Agreement and/or any of the Other Documents, the terms of this Agreement, then the Loan Agreement, shall control.
This Agreement may be executed in any number of counterparts and by the different parties on separate counterparts. Each such counterpart
shall be deemed an original, but all such counterparts shall together constitute one and the same agreement.

 

		6)	DEFINITIONS. The terms used herein and not otherwise defined or modified herein shall have
the meanings ascribed to them in the Loan Agreement. The terms used herein and not otherwise defined or modified herein or defined
in the Loan Agreement shall have the meanings ascribed to them by the Uniform Commercial Code as enacted in State of New York.

 

 

IN WITNESS WHEREOF,
the undersigned have signed and sealed this Agreement the day and year first above written.

 

	ATTEST:	HUDSON TECHNOLOGIES COMPANY
	 	 
	 	 
	/s/ Stephen P. Mandracchia	By: /s/ Brian F. Coleman
	Name: STEPHEN P. MANDRACCHIA	Name: BRIAN F. COLEMAN
	Title: Secretary	Title: President
	 	 
	 	 
	 	PNC BANK, NATIONAL ASSOCIATION
	 	Lender and as Agent
	 	 
	 	 
	 	By: /s/ Glenn D. Kreutzer
	 	Name: GLENN D. KREUTZER
	 	Title: Vice President

 

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