SEC Contract Filing

Filing Date: 2023-03-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.19
<SEQUENCE>5
<FILENAME>wlms-20221231xex10d19.htm
<DESCRIPTION>EX-10.19
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.14.0.96--><!--Created on: 3/31/2023 08:16:52 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;text-indent:353.5pt;margin:0pt 0pt 12pt 28.1pt;"><b style="font-weight:bold;">Exhibit&#160;10.19</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;text-indent:353.55pt;margin:0pt 0pt 12pt 28.4pt;">Execution Version</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 12pt 0pt;">THIRD AMENDMENT TO REVOLVING CREDIT AND SECURITY AGREEMENT</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 6pt;">This Third Amendment to Revolving Credit and Security Agreement (this &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Amendment</u>&#8221;) dated as of January 9, 2023 by and among WILLIAMS INDUSTRIAL SERVICES GROUP INC., a Delaware corporation (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Holdings</u>&#8221;), WILLIAMS INDUSTRIAL SERVICES GROUP, L.L.C., a Delaware limited liability company (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">WISG</u>&#8221;), WILLIAMS INDUSTRIAL SERVICES, LLC, a Georgia limited liability company (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">WISI</u>&#8221;), WILLIAMS SPECIALTY SERVICES, LLC, a Georgia limited liability company (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">WSS</u>&#8221;), WILLIAMS PLANT SERVICES, LLC, a Georgia limited liability company (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">WPS</u>&#8221;), WILLIAMS GLOBAL SERVICES, INC., a Georgia corporation (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Global</u>&#8221;), CONSTRUCTION &amp; MAINTENANCE PROFESSIONALS, LLC, a Georgia limited liability company (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Construction</u>&#8221;), WISG ELECTRICAL, LLC, a New York limited liability company (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Electrical</u>&#8221;, and together with Holdings, WISG, WISI, WSS, WPS, Global, and Construction, collectively the &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Borrowers</u>&#8221; and each individually a &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Borrower</u>&#8221;), GLOBAL POWER PROFESSIONAL SERVICES INC. a Delaware corporation (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Power</u>&#8221;), GPEG, LLC, a Delaware limited liability company (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">GPEG</u>&#8221;), STEAM ENTERPRISES LLC, a Delaware limited liability company (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Steam</u>&#8221;), WISG CANADA LTD., a limited company formed in the province of British Columbia, Canada (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">WISG Canada</u>&#8221;), WISG NUCLEAR LTD., a limited company formed in the province of British Columbia, Canada (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">WISG Nuclear</u>&#8221;), WISG ELECTRICAL LTD., a limited company formed in the province of British Columbia, Canada (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">WISG Electrical</u>&#8221;, and together with Power, GPEG, Steam, WISG Canada and WISG Nuclear, collectively, the &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Guarantors</u>&#8221; and together with the Borrowers, collectively, the &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Loan Parties</u>&#8221; and each individually a &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Loan Party</u>&#8221;), the financial institutions set forth on the signature pages hereto (collectively, the &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Lenders</u>&#8221; and each individually a &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Lender</u>&#8221;) and PNC BANK, NATIONAL ASSOCIATION (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">PNC</u>&#8221;), as agent for Lenders (PNC, in such capacity, the &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Agent</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:cen