Sixth Amendment to Amended and Restated Credit Agreement
This Sixth Amendment to Amended and Restated Credit Agreement (herein, the “Amendment”) is entered into as of August 2, 2022 (the “Sixth Amendment Effective Date”), among Willdan Group, Inc., a Delaware corporation (the “Borrower”), the Guarantors signatory hereto, the Lenders signatory hereto and BMO Harris Bank N.A., a national banking association, individually as a Lender and as Administrative Agent (the “Administrative Agent”).
A.The Borrower, the Guarantors, the Lenders and the Administrative Agent are parties to that certain Amended and Restated Credit Agreement dated as of June 26, 2019 (as amended prior to the date hereof, the “Credit Agreement”). All capitalized terms used herein without definition shall have the same meanings herein as such terms have in the Credit Agreement.
B.The Borrower has requested that the Lenders make certain amendments to the Credit Agreement, and the Lenders party hereto are willing to do so under the terms and conditions set forth in this Amendment.
Now, Therefore, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
Subject to the satisfaction of the conditions precedent set forth in Section 2 below, effective as of June 30, 2022, Section 8.7(b) of the Credit Agreement is hereby amended and restated in its entirety and as so amended and restated shall read as follows:
(b)purchase money indebtedness and Capitalized Lease Obligations of the Loan Parties and their Subsidiaries in an amount not to exceed $4,000,000 in the aggregate at any one time outstanding;
The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:
2.1.The Loan Parties, the Required Lenders and the Administrative Agent shall have executed and delivered this Amendment.
2.2.All other legal matters incident to the execution and delivery of this Amendment shall be satisfactory to the Administrative Agent and its counsel.