SEC Contract Filing

Filing Date: 2017-01-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>gee_ex102.htm
<DESCRIPTION>TENTH AMENDMENT, CONSENT AND WAIVER TO LOAN AND SECURITY AGREEMENT
<TEXT>
<html><head><title>gee_ex102.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%" scroll="yes"><p style="MARGIN: 0px" align="right"><strong>EXHIBIT 10.2</strong></p>
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<p style="MARGIN: 0px 0px 0px 0in" align="center">_________________________________________________________________</p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>TENTH AMENDMENT, CONSENT AND WAIVER</b></p>
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<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>TO THE</b></p>
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<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>LOAN AND SECURITY AGREEMENT</b></p>
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<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>BETWEEN</b></p>
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<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>GEE GROUP INC. (FORMERLY GENERAL EMPLOYMENT ENTERPRISES, INC.), TRIAD PERSONNEL SERVICES, INC.,</b></p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>BUSINESS MANAGEMENT PERSONNEL, INC., BMPS, INC., BMCH, INC., BMCHPA, INC.,</b></p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>TRIAD LOGISTICS, INC., SCRIBE SOLUTIONS, INC., AGILE RESOURCES, INC.,</b></p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>ACCESS DATA CONSULTING CORPORATION</b></p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>AND</b></p>
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<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>PALADIN CONSULTING, INC.</b></p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>AND</b></p>
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<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>ACF FINCO I LP</b></p>
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<p style="MARGIN: 0px 0px 0px 0in" align="center"><b>DATED AS OF SEPTEMBER 27, 2013</b></p>
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<p style="MARGIN: 0px 0px 0px 0in" align="center">__________________________________________________________________</p>
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<p style="MARGIN: 0px 0px 0px 0in" align="center">Amendment Effective Date: January 20, 2017</p>
<p style="MARGIN: 0px"><br>
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<p style="MARGIN: 0px">&nbsp;&nbsp;</p>
<p style="MARGIN: 0px 0px 0px 0in"><b>TENTH AMENDMENT, CONSENT AND WAIVER TO LOAN AND SECURITY AGREEMENT</b></p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px 0px 0px 0in">This Tenth Amendment, Consent and Waiver (this &ldquo;<b><i>Amendment</i></b>&rdquo;) is entered into this 20th day of January, 2017, between <b>GEE GROUP INC.</b> (formerly <i>General Employment Enterprises, Inc.</i>), a corporation organized under the laws of the State of Illinois (&ldquo;<b><i>GEE</i></b>&rdquo;), <b>TRIAD PERSONNEL SERVICES, INC</b>., a corporation organized under the laws of the State of Illinois (&ldquo;<b><i>TPS</i></b>&rdquo;), <b>BUSINESS MANAGEMENT PERSONNEL, INC</b>., a corporation organized under the laws of the State of Ohio (&ldquo;<b><i>BUMPS</i></b>&rdquo;), <b>BMPS, INC</b>., a corporation organized under the laws of the State of Ohio (&ldquo;<b><i>BMPSOH</i></b>&rdquo;), <b>BMCH, INC</b>., a corporation organized under the laws of the State of Ohio (&ldquo;<b><i>BMCH</i></b>&rdquo;), <b>BMCHPA, INC</b>., a corporation organized under the laws of the Commonwealth of Pennsylvania (&ldquo;<b><i>BMCHPA</i></b>&rdquo;), <b>TRIAD LOGISTICS, INC</b>., a corporation organized under the laws of the State of Ohio (&ldquo;<b><i>Triad</i></b>&rdquo;), <b>SCRIBE SOLUTIONS, INC.</b>, a corporation organized under the laws of the State of Florida (&ldquo;<b><i>Scribe</i></b>&rdquo;), <b>AGILE RESOURCES, INC.</b>, a corporation organized under the laws of the State of Georgia, (&ldquo;<b><i>Agile</i></b>&rdquo;), <b>ACCESS DATA CONSULTING CORPORATION</b>, a corporation organized under the laws of the State of Colorado (&ldquo;<b><i>Access Data</i></b>&rdquo;), and <b>PALADIN CONSULTING, INC</b>., a corporation organized under the laws of the state of Texas (&ldquo;<b><i>Paladin</i></b>&rdquo;, and collectively with the foregoing, &ldquo;<b><i>Borrower</i></b>&rdquo;), and <b>ACF FINCO I LP</b>, a limited partnership formed under the laws of the State of Delaware (&ldquo;<b><i>Lender</i></b>&rdquo;).</p>
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<p style="MARGIN: 0px 0px 0px 0in"><b>RECITALS:</b></p>
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<p style="MARGIN: 0px 0px 0px 0in">Borrower and Lender are parties to a Loan and Security Agreement dated September 27, 2013, as amended by a First Amendment effective as of December 31, 2013, by a Second Amendment effective as of December 3, 2014, by a Third Amendment, Consent and Waiver effective as of April 1, 2015 and by a Fourth Amendment, Consent and Waiver effective as of June 15, 2015, by a Fifth Amendment, Consent and Waiver dated as of August 1, 2015, by a Sixth Amendment, Consent and Waiver dated as of September 18, 2015, by a Seventh Amendment, Consent and Waiver effective as of October 4, 2015, by an Eighth Amendment, Consent and Waiver dated as of January 1, 2016, and by a Ninth Amendment effective as of September 27, 2016 (as so amended, the &ldquo;<b><i>Credit Agreement</i></b>&rdquo;), in conne