SEC Contract Filing

Filing Date: 2015-11-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>6
<FILENAME>v425659_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 10.3</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PLEDGE AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">among</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">GLOBAL DEFENSE &amp; NATIONAL SECURITY SYSTEMS,
INC.,<BR>
<BR>
STG GROUP, INC.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">STG, INC.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">ACCESS SYSTEMS, INCORPORATED,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SUCH OTHER PLEDGORS PARTY HERETO,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">as the PLEDGORS,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PNC BANK, NATIONAL ASSOCIATION,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">as PLEDGEE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Dated as of November 23, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-transform: uppercase; text-align: center">Table
of Contents</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.75pt; text-transform: uppercase; text-align: center">&nbsp;</P>

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 <TD STYLE="text-align: right; font-weight: bold">&nbsp;</TD>
 <TD COLSPAN="2" STYLE="text-align: right; font-weight: bold">&nbsp;</TD>
 <TD STYLE="text-align: right; font-weight: bold; vertical-align: bottom">Page</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="text-align: right; font-weight: bold">&nbsp;</TD>
 <TD COLSPAN="2" STYLE="text-align: right; font-weight: bold">&nbsp;</TD>
 <TD STYLE="text-align: right; font-weight: bold; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
 <TD STYLE="text-align: left; text-indent: 0in">1.</TD>
 <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in">SECURITY FOR OBLIGATIONS</TD>
 <TD STYLE="text-align: right; text-indent: 0in; vertical-align: bottom">2</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
 <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
 <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
 <TD STYLE="text-align: right; text-indent: 0in; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
 <TD STYLE="text-align: left; text-indent: 0in">2.</TD>
 <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in">DEFINITIONS</TD>
 <TD STYLE="text-align: right; text-indent: 0in; vertical-align: bottom">3</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
 <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
 <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
 <TD STYLE="text-align: right; text-indent: 0in; vertical-align: bottom">&nbsp;</TD></TR>
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 <TD STYLE="text-align: left; text-indent: 0in">3.</TD>
 <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in">PLEDGE OF SECURITIES, ETC</TD>
 <TD STYLE="text-align: right; text-indent: 0in; vertical-align: bottom">7</TD></TR>
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 <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
 <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
 <TD STYLE="text-align: right; text-indent: 0in; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
 <TD STYLE="width: 8%; text-align: left; text-indent: 0i