EX-10.14 3 kelya-20240603xexh1014.htm EXHIBIT 10.14 Document
Exhibit 10.14
AMENDMENT TO AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT

    This Amendment to Amended and Restated Pledge and Security Agreement, dated as of May 29, 2024 (this "Amendment"), is among Kelly Services, Inc., a Delaware corporation (the “Borrower”), Kelly Properties, LLC, a Delaware limited liability company, Kelly Outsourcing and Consulting Group Australia, Ltd., a Delaware corporation, Kelly Services Global, LLC, a Michigan limited liability company, Kelly Services USA, LLC, a Michigan limited liability company, NextGen Global Resources LLC, a Delaware limited liability company, Teachers On Call, Inc., a Minnesota corporation, Global Technology Associates, LLC, a Virginia limited liability company, Greenwood/Asher & Associates, LLC, a Florida limited liability company, Softworld, LLC, a Delaware limited liability company, and Pediatric Therapeutic Services LLC, a Delaware limited liability company (each of the foregoing, including the Borrower, a “Grantor”, and collectively, the “Grantors”), and JPMorgan Chase Bank, N.A., in its capacity as administrative agent (the “Administrative Agent”).

RECITAL

    The Grantors and the Administrative Agent are parties to an Amended and Restated Pledge and Security Agreement dated as of December 5, 2019, as amended (as amended and as it may be further amended or modified from time to time, the “Security Agreement”). The Grantors desire to amend the Security Agreement as set forth herein, and the Administrative Agent is willing to do so in accordance with the terms hereof. Terms used but not defined herein shall have the respective meanings ascribed thereto in the Security Agreement.

AGREEMENT

    In consideration of the premises and of the mutual agreements herein contained, the parties agree as follows:

ARTICLE 1. AMENDMENTS TO SECURITY AGREEMENT

    Upon the satisfaction of the conditions specified in Article 3 hereof, the Security Agreement is amended as of the date hereof as follows:

1.1    Reference to “65% of the outstanding voting stock” in Section 2.2(iv) shall be deleted and replaced with “65% of the Equity Interests”.

1.2    Reference to “$10,000,000” in Section 2.2(ix) shall be deleted and replaced with “$25,000,000”.

1.3    Section 2.2(xi) shall be deleted in its entirety and replaced with the following:

    (xi) (a) the Equity Interests, if any, in The Kelly Services, Inc. Foundation, a non-profit Michigan corporation, and The Kelly Relief Fund, a non-profit Michigan corporation and (b) the Equity Interests, if any, in any Immaterial Subsidiary; and

1.4    Each reference to “Closing Date” in Section 3.3, Section 3.4, Section 3.5 and Section 3.9 shall be deleted and replaced with a reference to “Third Amendment Effective Date”.




1.5    Section 3.10(a) shall be amended by adding the following language in the first line after the reference to “complete and accurate listing”: “as of the Third Amendment Effective Date”.

1.6    Reference to “Effective Date” in Section 3.10(b) shall be deleted and replaced with “Third Amendment Effective Date”.

1.7    The first sentence of Section 3.13(a) shall be amended to read as follows:

(a)    Exhibit F sets forth a complete and accurate list of all of the Pledged Collateral owned by such Grantor; provided that, Exhibit F may include Equity Interests in Minority Investments that are Excluded Collateral under Section 2.2(ix).

1.8    Section 3.13(d) shall be deleted in its entirety and replaced with the following:

(d)    Notwithstanding anything to the contrary in this Security Agreement or in any other Loan Document, each Grantor shall:

(i)    deliver to the Administrative Agent the originals of all “Notes or other Instruments Payable to the Company” as described in Exhibit F which evidence amounts payable to any Grantor in excess of $25,000,000 with respect to any single Instrument, together with appropriate endorsements duly executed in blank;

(ii)    other than Excluded Collateral, deliver to the Administrative Agent originals of all instruments and certificates evidencing the Equity Interests of all Domestic Subsidiaries described in Exhibit F (other than any instruments and certificates previously delivered to the Administrative Agent), together with appropriate stock powers, endorsements or other powers duly executed in blank;

(iii)    other than Excluded Collateral, deliver to the Administrative Agent originals of all instruments and certificates evidencing Equity Interests of all Material Foreign Subsidiaries (to the extent the Equity Interests is certificated) described in Exhibit F, together with appropriate stock powers, endorsements or other powers duly executed in blank;

(iv)    [Reserved]

(v)    after the occurrence of a Default, other than any Excluded Collateral (A) deliver to the Administrative Agent originals of all instruments and certificates evidencing Equity Interests of all Foreign Subsidiaries (to the extent the Equity Interests is certificated and it has not previously been delivered to the Administrative Agent) described in Exhibit F, together with appropriate stock powers, endorsements or other powers duly executed in blank and (B) take such other action in the local jurisdiction of any Foreign Subsidiary with respect to the Equity Interests of any Foreign Subsidiary requested by the Administrative Agent to create and perfect the first priority security interest in any such Equity
2



Interests, including without limitation opinions of counsel and other documents and requirements requested by the Administrative Agent.
1.9    Section 4.6(a) shall be deleted in its entirety and replaced with the following:

(a)    Changes in Capital Structure of Issuers. Such Grantor will not (i) permit or suffer any issuer of an Equity Interest of a wholly owned Subsidiary constituting Pledged Collateral to dissolve, merge, liquidate, retire any of its Equity Interests or other Instruments or Securities evidencing ownership, reduce its capital, sell or encumber all or substantially all of its assets (except for Liens permitted under Section 4.1(e) or dispositions of assets permitted pursuant to Section 4.1(d)) or merge or consolidate with any other entity other than as permitted in the Credit Agreement, or (ii) vote any such Pledged Collateral in favor of any of the foregoing.    

1.10    Section 4.6(e) shall be deleted in its entirety and replaced with the following:
    
(e)    Foreign Subsidiaries. All Foreign Subsidiaries as of the Third Amendment Effective Date are listed on Exhibit F hereto.

1.11    Each reference to “$5,000,000” in Section 4.8, Section 4.9 and Section 4.10 shall be deleted and replaced with “$10,000,000”.

1.12    The forms of Exhibits A, B, C, D, E, F, G and H shall be replaced with the forms of Exhibits A, B, C, D, E, F, G and H attached to this Amendment; provided, that, the Grantors may, within 10 days after the Third Amendment Effective Date (as defined in the Credit Agreement), deliver to the Administrative Agent an update to Exhibit D which shall be deemed delivered as of the Third Amendment Effective Date (as defined in the Credit Agreement) and shall replace the form of Exhibit D delivered on the Third Amendment Effective Date.

ARTICLE 2. REPRESENTATIONS

    In order to induce the Administrative Agent to enter into this Amendment, the Grantors represent and warrant to the Administrative Agent that the following statements are true, correct and complete:

    2.1    The execution, delivery and performance of this Amendment are within each Grantor’s organizational powers and have been duly authorized by all necessary organizational actions and, if required, actions by equity holders.

    2.2    This Amendment has been duly executed and delivered by each Grantor and constitutes a legal, valid and binding obligation of each Grantor, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

    2.3    After giving effect to the amendments herein contained and the satisfaction of the condition described in Article 3 below, all of the representations and warranties contained in the Security Agreement or Article V of the Credit Agreement are true, correct, and complete in all material respects as
3



of the date hereof as though made on and as of such date, except to the extent that such representations and warranties relate solely to an earlier date and no Default has occurred and is continuing.

ARTICLE 3. CONDITIONS PRECEDENT

    This Amendment shall be effective as of the date hereof when each of the following is satisfied:

    3.1    The Grantors and the Administrative Agent shall have executed this Amendment.

ARTICLE 4. MISCELLANEOUS

    4.1    References in the Loan Documents to the Security Agreement shall be deemed to be references to the Security Agreement as amended hereby and as further amended from time to time. This Amendment is a Loan Document.

    4.2    Each of the Grantors acknowledges and affirms that the Security Agreement, as hereby amended, is hereby ratified and confirmed in all respects and all terms, conditions, and provisions of the Security Agreement, except as amended by this Amendment, remain unmodified and in full force and effect.

    4.3    Each of the Grantors acknowledges, agrees and represents that all existing Collateral (after giving effect to this Amendment) granted by the Security Agreement continues with the same priority as originally granted (other than with respect to Liens permitted pursuant to the Credit Agreement), and such pledge and security interest in such existing Collateral secures, without limitation and among other liabilities secured thereby, all present and future Secured Obligations, and each such Grantor does hereby confirm the grant of the security interests and Liens granted in the Security Agreement to secure the Secured Obligations.

    4.4    This Amendment shall be governed by and construed in accordance with the internal laws (and not the law of conflicts) of the State of New York, but giving effect to federal laws applicable to national banks. This Amendment shall not be deemed to have otherwise prejudiced any present or future right or rights which the Administrative Agent now has or may have under the Security Agreement or in any other Loan Document and, in addition, shall not entitle any Grantor to a waiver, amendment, modification or other change to, of or in respect of any provision of Security Agreement or in any other Loan Document in the future in similar or dissimilar circumstances. This Amendment may be executed (as applicable) in several counterparts as deemed necessary or convenient, each of which, when so executed, will be deemed an original, provided that all such counterparts will be regarded as one and the same document, and any party to this Amendment may execute any such agreement by executing a counterpart of such agreement. Any signature delivered by a party by facsimile or electronic transmission will be deemed to be an original signature hereto.

4



    IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written.

GRANTORS:


KELLY SERVICES, INC.
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer

KELLY PROPERTIES, LLC
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer



KELLY OUTSOURCING AND CONSULTING
GROUP AUSTRALIA, LTD., formerly known as Kelly
Services (Australia), Ltd.
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer


KELLY SERVICES GLOBAL, LLC
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer


KELLY SERVICES USA, LLC
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer


Signature Page
Amendment to Amended and Restated Pledge and Security Agreement



NEXTGEN GLOBAL RESOURCES LLC
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer


TEACHERS ON CALL, INC.
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer


GLOBAL TECHNOLOGY ASSOCIATES, LLC
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer

GREENWOOD/ASHER & ASSOCIATES, LLC
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer


SOFTWORLD, LLC
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer


PEDIATRIC THERAPEUTIC SERVICES LLC
By: /s/ Michael Orsini
Print Name: Michael Orsini
Title: Treasurer

Signature Page
Amendment to Amended and Restated Pledge and Security Agreement



ADMINISTRATIVE AGENT

JPMORGAN CHASE BANK, N.A.,
as Administrative Agent
By: /s/ Alaina Moran
Name: Alaina Moran
Title: Authorized Officer
Signature Page
Amendment to Amended and Restated Pledge and Security Agreement



EXHIBIT A
    (See Sections 3.2, 3.3, 3.4, 3.6, 3.9 and 4.1 of Security Agreement)

NOTICE ADDRESS FOR ALL GRANTORS

Kelly Services, Inc.
999 West Big Beaver Road
Troy, MI 48084
Attention: Treasurer
Facsimile: (248)244-5557


INFORMATION AND COLLATERAL LOCATIONS OF
KELLY SERVICES, INC.

I.    Name of Grantor: Kelly Services, Inc.

II.    State of Incorporation or Organization: Delaware

III.    Type of Entity: Corporation

IV.    Organizational Number assigned by State of Incorporation or Organization:
04-59010

V.    Federal Identification Number: 38-1510762

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road
    Troy, MI 48084
    Attention: Treasurer

VII.    Places of Business/Locations of Collateral as of the Third Amendment Effective Date:

(a)    Properties Owned by the Grantor:

See attached.

(b)    Properties Leased by the Grantor (Include Landlord's Name):
        
        See attached.

(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

         None


A-1



A-2



A-3


INFORMATION AND COLLATERAL LOCATIONS OF
KELLY PROPERTIES, LLC

I.    Name of Grantor: Kelly Properties, LLC

II.    State of Incorporation or Organization: Delaware

III.    Type of Entity: Limited Liability Company

IV.    Organizational Number assigned by State of Incorporation or Organization:
4723252

V.    Federal Identification Number: 38-2964567

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road
    Troy, MI 48084
    Attention: Treasurer

VII.    Places of Business/Locations of Collateral as of the Third Amendment Effective Date:

(a)    Properties Owned by the Grantor:

ADDRESSPARCEL NO 
885 BEACH RD, HARBOR SPRINGS, MI 4974024-08-16-16-351-114CONDO

(b)    Properties Leased by the Grantor (Include Landlord's Name):

LANDLORDADDRESSPARCEL NO 
Kelly’s Offices LLC999 WEST BIG BEAVER, TROY, MI 4808488-20-28-101-034HDQTR

(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

        None
A-4



INFORMATION AND COLLATERAL LOCATIONS OF
KELLY OUTSOURCING AND CONSULTING GROUP AUSTRALIA, LTD.

I.    Name of Grantor: Kelly Outsourcing and Consulting Group Australia, Ltd.

II.    State of Incorporation or Organization: Delaware

III.    Type of Entity: Corporation

IV.    Organizational Number assigned by State of Incorporation or Organization:
215-5640

V.    Federal Identification Number: 52-1565878

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road
    Troy, MI 48084
    Attention: Treasurer

VII.    Locations of Collateral:

    (a)    Properties Owned by the Grantor:
        
        None

    (b)    Properties Leased by the Grantor (Include Landlord’s Name):

        Landlord: The Trust Company (Australia) Limited ACN 000 000 993

        Suite 8.01, Level 8
        333 George Street
        Sydney
        NSW 2000
        
(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

        None
A-5
51181705.2


INFORMATION AND COLLATERAL LOCATIONS OF
KELLY SERVICES GLOBAL, LLC

I.    Name of Grantor: Kelly Services Global, LLC

II.    State of Incorporation or Organization: Michigan

III.    Type of Entity: Limited Liability Company

IV.    Organizational Number assigned by State of Incorporation or Organization:
E6210T

V.    Federal Identification Number: 47-3597831

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road, Suite 401A
    Troy, MI 48084
    Attention: Treasurer

VII.    Locations of Collateral:

    (a)    Properties Owned by the Grantor:
        
        None

    (b)    Properties Leased by the Grantor (Include Landlord's Name):
    
        None

(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

        None
A-6


INFORMATION AND COLLATERAL LOCATIONS OF
KELLY SERVICES USA, LLC

I.    Name of Grantor: Kelly Services USA, LLC

II.    State of Incorporation or Organization: Michigan

III.    Type of Entity: Limited Liability Company

IV.    Organizational Number assigned by State of Incorporation or Organization:
E6210R

V.    Federal Identification Number: 47-3600855

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road, Suite 601A
    Troy, MI 48084
    Attention: Treasurer

VII.    Locations of Collateral:

    (a)    Properties Owned by the Grantor:
        
        None

    (b)    Properties Leased by the Grantor (Include Landlord's Name):
    
        None

(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

        None
A-7


INFORMATION AND COLLATERAL LOCATIONS OF
NEXTGEN GLOBAL RESOURCES LLC

I.    Name of Grantor: NextGen Global Resources LLC

II.    State of Incorporation or Organization: Delaware

III.    Type of Entity: Limited Liability Company

IV.    Organizational Number assigned by State of Incorporation or Organization: 4708889
V.    Federal Identification Number: 27-0610241

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road
    Troy, MI 48084
    Attention: Treasurer

VII.    Locations of Collateral:

    (a)    Properties Owned by the Grantor:
        
        None

    (b)    Properties Leased by the Grantor (Include Landlord's Name):
        
        401 W A Street, Suite 960, San Diego, CA 92101
        (Landlord - Broadway Lexington, LLC.)
        
        300 S Wacker Dr., Suite 1313, Chicago, IL 60606
        (Landlord - AG 300 South Wacker Owner LLC.)

(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

        None
A-8


INFORMATION AND COLLATERAL LOCATIONS OF
TEACHERS ON CALL, INC.


I.    Name of Grantor: Teachers On Call, Inc.

II.    State of Incorporation or Organization: Minnesota

III.    Type of Entity: Corporation

IV.    Organizational Number assigned by State of Incorporation or Organization: 623120100029
V.    Federal Identification Number: 47-2617582

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road
    Troy, MI 48084
    Attention: Treasurer

VII.    Locations of Collateral:

    (a)    Properties Owned by the Grantor:
        
        None

    (b)    Properties Leased by the Grantor (Include Landlord's Name):
        
        3001 Metro Drive, Suite 200, Bloomington MN
        (Landlord – Metro Office Park)

(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

        None
A-9


INFORMATION AND COLLATERAL LOCATIONS OF
GLOBAL TECHNOLOGY ASSOCIATES, LLC


I.    Name of Grantor: Global Technology Associates, LLC

II.    State of Incorporation or Organization: Virginia

III.    Type of Entity: Limited Liability Company

IV.    Organizational Number assigned by State of Incorporation or Organization:
S4150696

V.    Federal Identification Number: 76-0838187

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road
    Troy, MI 48084
    Attention: Treasurer

VII.    Locations of Collateral:

    (a)    Properties Owned by the Grantor:
        
        None

    (b)    Properties Leased by the Grantor (Include Landlord’s Name):

        1890 Preston White Dr, 150 Reston VA
        Landlord: ELA Group LLC
    
(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

        None
A-10


INFORMATION AND COLLATERAL LOCATIONS OF
GREENWOOD/ASHER & ASSOCIATES, LLC


I.    Name of Grantor: Greenwood/Asher & Associates, LLC

II.    State of Incorporation or Organization: Florida

III.    Type of Entity: Limited Liability Company

IV.    Organizational Number assigned by State of Incorporation or Organization:
    L20000350036

V.    Federal Identification Number: 20-0685960

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road
    Troy, MI 48084
    Attention: Treasurer

VII.    Locations of Collateral:

    (a)    Properties Owned by the Grantor:
        
        None

    (b)    Properties Leased by the Grantor (Include Landlord's Name):

        Landlord: Cochaca I, Inc.
        The Summit Office Building
        Units 203, 204, 205, 206
        42 Business Centre Drive
        Miramar Beach, FL 32550

(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

        None
A-11


INFORMATION AND COLLATERAL LOCATIONS OF
SOFTWORLD, LLC


I.    Name of Grantor: Softworld, LLC

II.    State of Incorporation or Organization: Delaware

III.    Type of Entity: Limited Liability Company

IV.    Organizational Number assigned by State of Incorporation or Organization:
22030069020

V.    Federal Identification Number: 04-3273385

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road
    Troy, MI 48084
    Attention: Treasurer

VII.    Locations of Collateral:

    (a)    Properties Owned by the Grantor:
        
        None

    (b)    Properties Leased by the Grantor (Include Landlord's Name):

picture5.jpg
    

(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

        None
A-12


INFORMATION AND COLLATERAL LOCATIONS OF
PEDIATRIC THERAPEUTIC SERVICES LLC


I.    Name of Grantor: Pediatric Therapeutic Services LLC

II.    State of Incorporation or Organization: Delaware

III.    Type of Entity: Limited Liability Company

IV.    Organizational Number assigned by State of Incorporation or Organization:
6759929

V.    Federal Identification Number:
    23-2983406

VI.    Chief Executive Office and Mailing Address:

    999 West Big Beaver Road
    Troy, MI 48084
    Attention: Treasurer

VII.    Locations of Collateral:

    (a)    Properties Owned by the Grantor:
        
        None

    (b)    Properties Leased by the Grantor (Include Landlord's Name):
        
        Landlord: William Ciavarelli
        525 Fayette Street, Conshohocken, OA 19428

(c)    Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements     (include name of Warehouse Operator or other Bailee or Consignee):

        None
A-13
51181705.2


EXHIBIT B
(See Sections 3.5 and 4.2 of Security Agreement)

DEPOSIT ACCOUNTS



Name of Grantor


Name of Institution


Account Number
Kelly Properties, LLCJPMorgan Chase Bank152263
Kelly Services, Inc.JPMorgan Chase Bank267156625
Kelly Services, Inc.JPMorgan Chase Bank267156989
Kelly Services, Inc.JPMorgan Chase Bank267157227
Kelly Services, Inc.Bank of America3750677492
Kelly Services, Inc.JPMorgan Chase Bank14870
Kelly Services, Inc.JPMorgan Chase Bank267156096
Kelly Services, Inc. Bank of America3359869594
Kelly Services, Inc.Banco Popular030477204
Kelly Services, Inc.Banco Popular030476968
Kelly Services, Inc.JPMorgan Chase Bank267157581
Kelly Services, Inc.JPMorgan Chase Bank1018456
Kelly Services, Inc.JPMorgan Chase Bank1054725
Kelly Services, Inc.US Bank, N.A.199380248872
Kelly Services, Inc.US Bank, N.A.199380248880
Kelly Services, Inc.US Bank, N.A.130118020572
Kelly Services, Inc.MUFG4910006725
Kelly Services, Inc.Bank Mendes GansNL33BKMG0261190598
Kelly Services, Inc.Bank Mendes GansNL25BKMG0261186280
Kelly Services, Inc.Bank Mendes GansNL49BKMG0261104853
Kelly Services, Inc.JPMorgan Chase Bank381816310
Kelly Services, Inc.JPMorgan Chase Bank381816583
Kelly Outsourcing and Consulting Group Australia, Ltd.Bank Mendes GansNL43BKMG0261190709
Kelly Outsourcing and Consulting Group Australia, Ltd.ANZ012055-835833879
Kelly Outsourcing and Consulting Group Australia, Ltd.ANZ012055-835833887
Kelly Services Global, LLCBank of America8188894442
Kelly Services Global, LLCBank of America8765332690
Kelly Services Global, LLCMUFG4910007322
Kelly Services Global, LLCUS Bank199380422824
Kelly Services Global, LLCUS Bank130120275883
Kelly Services Global, LLCJPMorgan Chase712305718
Kelly Services Global, LLCJPMorgan Chase267390893
Kelly Services Global, LLCJPMorgan Chase267391008
Kelly Services Global, LLCJPMorgan Chase267391180
Kelly Services Global, LLCJPMorgan Chase381817557
B-1


Kelly Services USA, LLCBank of America8188894447
Kelly Services USA, LLCBank of America8765332695
Kelly Services USA, LLCMUFG4910007330
Kelly Services USA, LLCUS Bank199380422832
Kelly Services USA, LLCUS Bank130120275966
Kelly Services USA, LLCJPMorgan Chase712312292
Kelly Services USA, LLCJPMorgan Chase267391859
Kelly Services USA, LLCJPMorgan Chase267392022
Kelly Services USA, LLCJPMorgan Chase267392139
Kelly Services USA, LLCJPMorgan Chase381816955
Global Technology Associates LLCBank Mendes Gans

NL06BKMG0261716727
Global Technology Associates LLCJPMorgan Chase615582126
Global Technology Associates LLCJPMorgan Chase615582316
Teachers On Call, Inc.Bank Mendes GansNL77BKMG0261668986
Teachers On Call, Inc.Bank of America435029120510
Teachers On Call, IncBank of America435029120523
NextGen Global Resources LLCBank Mendes Gans

NL81BKMG0261716735
NextGen Global Resources LLCJPMorgan Chase629917953
Softworld Inc.JPMorgan Chase818330588
Softworld Inc.JPMorgan Chase866757278
Softworld Inc.Bank Mendes GansNL07BKMG0261755897
Softworld Inc.Boston Private4081952
Greenwood/Asher & Associates LLCBank Mendes GansNL31BKMG0261750518
Greenwood/Asher & Associates LLCBank of America435046778851
Greenwood/Asher & Associates LLCBank of America435048055537
Pediatric Therapeutic ServicesBank Mendes GansNL98BKMG0261775308
Pediatric Therapeutic ServicesPNC Bank8619700867
B-2


EXHIBIT C
(See Section 3.7 of Security Agreement)


LETTER-OF-CREDIT RIGHTS



None





CHATTEL PAPER



None

C-1


EXHIBIT D
(See Section 3.10 and 4.7 of Security Agreement)

INTELLECTUAL PROPERTY RIGHTS

See attached.


D-1


MarkCountryFile DateRegistration Date
KELLYARGENTINA11/26/20099/24/2010
KELLY TEMPORARY SERVICESAUSTRALIA6/9/19882/5/1992
KELLYCONNECTAUSTRALIA10/5/19993/3/2000
KERAUSTRALIA12/23/19986/4/1999
KSRAUSTRALIA3/26/199710/8/1997
PINPOINTAUSTRALIA1/18/19952/22/2000
PINPOINTAUSTRALIA8/15/199610/15/2001
KELLY ENGINEERING RESOURCESAUSTRALIA12/23/19987/9/1999
KELLY GIRLAUSTRALIA3/7/19793/7/1979
KELLY HEALTHCARE RESOURCESAUSTRALIA10/9/20008/3/2001
KELLY MANAGEMENT SERVICESAUSTRALIA10/9/19961/4/1999
KELLY PROFESSIONAL SERVICESAUSTRALIA10/30/19913/13/1995
KELLY RECRUITMENT CONSULTANTSAUSTRALIA1/11/19901/11/1993
KELLY SCIENTIFIC RESOURCESAUSTRALIA10/9/19968/26/1997
KELLY SERVICESAUSTRALIA3/24/19884/22/1992
KELLYAUSTRALIA7/12/20066/10/2008
KELLY SCIENTIFIQUEBENELUX7/28/19988/1/1999
KELLY TEMPORARY SERVICESBENELUX1/10/19907/1/1990
KELLY UITZENDBUREAUBENELUX12/21/199012/21/1990
KSRBENELUX3/18/19974/1/1998
KELLY GIRLBENELUX1/5/19665/12/1987
KELLY GIRLBRAZIL9/26/19733/10/1976
KELLYBRAZIL9/26/19733/10/1976
KELLY LAW REGISTRYCANADA10/6/20006/3/2003
KELLY MANAGEMENT SERVICESCANADA10/9/199611/1/1999
KELLY NOWCANADA12/10/2021
KELLY RECRUITMENT CONSULTANTSCANADA12/15/19935/19/1995
KELLY SCIENTIFIC RESOURCESCANADA10/9/199610/28/1999
KELLY SCIENTIFIQUECANADA8/7/199810/3/2001
KELLY SERVICESCANADA10/31/19672/14/1969
KELLY SERVICES & DesignCANADA11/19/19982/15/2000
KELLYCONNECTCANADA5/14/19995/22/2002
KELLYSELECTCANADA12/15/199310/20/1995
KELTRONICSCANADA3/21/19952/20/1997
KESCANADA8/6/20029/3/2003
KSRCANADA3/19/19978/27/1999
ON DECKCANADA10/24/200810/28/2010
PARTNERED STAFFINGCANADA12/23/19915/28/1993
PINPOINTCANADA8/8/199612/15/1997
KELLYCANADA12/7/19885/11/1990
KELLY CAREER NETWORKCANADA9/26/200212/8/2003
KELLY EDUCATIONAL STAFFINGCANADA8/6/20029/7/2005
KELLY ENGINEERING RESOURCESCANADA6/15/20041/9/2014
KELLY FINANCIAL RESOURCESCANADA10/6/20006/3/2003
KELLY GIRLCANADA12/19/19633/12/1965
D-2


KELLY HEALTHCARE RESOURCESCANADA10/6/20003/20/2003
KELLY IT RESOURCESCANADA9/5/200110/3/2003
KCNCANADA9/26/200212/9/2003
KELLY GIRLCHILE10/6/198311/14/1983
KELLY SERVICESCHILE10/6/198311/14/1983
KELLY (In Chinese)CHINA2/15/19901/30/1991
KELLY (In Chinese)CHINA4/2/20158/14/2017
PINPOINTCHINA6/19/20032/28/2005
BTICHINA9/17/20025/21/2004
KELLY SERVICESCOLOMBIA12/19/198612/22/1989
KELLY GIRLCOLOMBIA12/19/198612/22/1989
KSRDENMARK3/19/19974/11/1997
KELLYECUADOR4/24/199012/20/1990
KELLY SERVICES & DesignEUROPEAN UNION (EUTM & RCD)5/22/20029/23/2003
KELLYCONNECTEUROPEAN UNION (EUTM & RCD)10/4/199910/11/2000
KELLYOCGEUROPEAN UNION (EUTM & RCD)8/4/202212/17/2022
PINPOINTEUROPEAN UNION (EUTM & RCD)2/13/20044/27/2005
TONER GRAHAMEUROPEAN UNION (EUTM & RCD)9/4/20084/29/2009
TONERGRAHAMEUROPEAN UNION (EUTM & RCD)9/4/20086/9/2009
KELLY (Stylized)EUROPEAN UNION (EUTM & RCD)8/11/201012/6/2010
KELLY ENGINEERING RESOURCESEUROPEAN UNION (EUTM & RCD)3/12/20071/14/2008
KELLY FINANCIAL RESOURCESEUROPEAN UNION (EUTM & RCD)10/9/200010/29/2001
KELLY HEALTHCARE RESOURCESEUROPEAN UNION (EUTM & RCD)10/9/200010/9/2001
KELLY HR CONSULTINGEUROPEAN UNION (EUTM & RCD)3/12/20071/14/2008
KELLY MANAGEMENT SERVICESEUROPEAN UNION (EUTM & RCD)3/12/20073/4/2008
KELLY SCIENTIFIC RESOURCESEUROPEAN UNION (EUTM & RCD)9/15/20058/1/2006
KELLY SERVICESEUROPEAN UNION (EUTM & RCD)7/2/199811/10/1999
KELLYEUROPEAN UNION (EUTM & RCD)7/2/199811/11/1999
KELLY SCIENTIFIQUEFRANCE7/29/19987/28/1999
KSRFRANCE4/10/19979/19/1997
KELLY GIRLFRANCE8/2/19658/2/1965
KELLY (In Chinese)HONG KONG8/21/19926/20/1994
KELLYHUNGARY12/20/19887/27/1989
BTIINDIA10/15/20032/13/2007
KELLYINDIA5/22/200312/28/2005
KELLY IT RESOURCESINDIA2/1/20051/6/2009
BTIINDIA9/13/200210/11/2006
BUSINESS TRENDS PERSONNEL CONSULTING GROUP & DesignINDONESIA9/26/19959/26/1995
KELLYINDONESIA9/12/200210/16/2003
BTIINDONESIA8/6/20028/27/2003
KSRIRELAND3/19/19976/10/1999
KELLYISRAEL12/14/198812/14/1988
KELLY MANAGEMENT SERVICESITALY10/9/199612/21/1998
KELLYJAPAN6/21/20043/19/2009
KELLY SCIENTIFIC RESOURCESJAPAN9/30/20053/31/2006
KELLY SERVICESJAPAN6/21/20043/19/2009
PINPOINTJAPAN6/18/20032/20/2004
BTIJAPAN8/11/20037/16/2004
KELLYKOSOVO12/14/198812/28/1989
KELLYMALAYSIA10/11/20018/4/2004
PINPOINTMALAYSIA2/28/20038/8/2006
WORKFORCE AGILITY BAROMETERMALAYSIA12/30/201611/12/2018
WORKFORCE AGILITY BAROMETERMALAYSIA12/30/201611/7/2018
BTIMALAYSIA8/19/20021/11/2010
KELLYMEXICO8/25/19866/23/1987
D-3


KELLYMEXICO2/12/19911/22/1993
KELLY DE MEXICOMEXICO12/19/19902/10/1992
KELLY GIRLMEXICO9/6/19892/8/1990
KELLY SCIENTIFIC RESOURCESMEXICO10/9/19961/20/2000
KELLY SERVICESMEXICO12/19/19901/14/1992
KELLY TEMPORARY SERVICESMEXICO12/19/19901/15/1992
QSM & DesignMEXICO6/9/20146/9/2015
ABSOLUTAMENTE CERO & DesignMEXICO6/9/20146/22/2015
KELLYMONTENEGRO12/14/198812/28/1989
KELLYCONNECTNEW ZEALAND9/30/19994/13/2000
KERNEW ZEALAND1/5/19999/7/2000
KSRNEW ZEALAND3/20/199710/14/1998
PINPOINTNEW ZEALAND8/9/19966/21/2001
KELLY FINANCIAL RESOURCESNEW ZEALAND9/10/20004/12/2001
KELLY GIRLNEW ZEALAND5/2/19885/28/1990
KELLY IT RESOURCESNEW ZEALAND9/6/20013/7/2002
KELLY MANAGEMENT SERVICESNEW ZEALAND10/9/19967/17/1998
KELLY RECRUITMENT CONSULTANTSNEW ZEALAND5/27/19933/17/1997
KELLY SCIENTIFIC RESOURCESNEW ZEALAND10/9/19967/17/1998
KELLY SERVICESNEW ZEALAND5/2/19885/26/1995
KELLY TEMPORARY SERVICESNEW ZEALAND12/20/19882/24/1995
KELLY ENGINEERING RESOURCESNEW ZEALAND1/5/19994/5/2001
KELLY FINANCIAL RESOURCESNORWAY11/7/20039/14/2004
KELLY MANAGEMENT SERVICESNORWAY10/9/19967/24/1997
KELLY SCIENTIFIC RESOURCESNORWAY10/9/19968/14/1997
KELLY SERVICES & DesignNORWAY3/13/199110/14/1993
KELLYCONNECTNORWAY9/28/19995/31/2000
KSRNORWAY3/19/199711/20/1997
KELLYNORWAY12/12/19887/13/1991
KELLYOMAN4/4/20067/10/2007
BTIOMAN4/4/20068/13/2007
KELLYPARAGUAY2/25/19898/5/1989
KELLYPERU5/25/19948/23/1994
KELLYPHILIPPINES4/28/2022
BUSINESS TRENDS & DesignPHILIPPINES7/7/199912/19/2005
KELLYSERBIA12/14/198812/28/1989
BUSINESS TRENDS PERSONNEL CONSULTING GROUP & DesignSINGAPORE9/1/19959/1/1995
D-4


KELLYSINGAPORE8/30/19918/30/1991
WORKFORCE AGILITY BAROMETERSINGAPORE3/31/20171/18/2018
BTISINGAPORE8/6/20026/9/2003
KELLYSOUTH KOREA12/14/198810/12/1990
KELLY (Stylized)SOUTH KOREA10/6/201012/28/2011
PINPOINTSOUTH KOREA6/18/20037/20/2004
BTISOUTH KOREA8/6/20021/9/2004
KMSSWITZERLAND4/9/19979/19/1997
KSRSWITZERLAND3/19/1997
PINPOINTSWITZERLAND1/13/19957/10/1996
PINPOINTSWITZERLAND8/7/19964/7/1997
KELLY GIRLSWITZERLAND2/20/19955/15/1996
KELLY INTERIMSWITZERLAND9/20/19943/26/1996
KELLY MANAGEMENT SERVICESSWITZERLAND10/9/19967/16/1997
KELLY SCIENTIFIC RESOURCESSWITZERLAND10/10/19966/25/1997
KELLY SCIENTIFIQUESWITZERLAND7/28/199811/23/1998
KELLY SERVICESSWITZERLAND2/20/19955/15/1996
KELLY SERVICES & DesignSWITZERLAND2/20/19958/2/1996
KELLYCONNECTSWITZERLAND9/29/19993/29/2000
KELLYSWITZERLAND2/20/19955/15/1996
KELLYTAIWAN12/19/19889/16/1989
KELLY (In Chinese)TAIWAN3/31/198911/1/1989
PINPOINTTAIWAN6/20/20032/1/2004
BTITAIWAN8/15/200210/16/2003
KELLYTHAILAND8/20/20023/26/2003
KELLYTURKEY1/25/200611/30/2006
KELLYUNITED ARAB EMR9/13/20059/11/2011
KELLY MANAGEMENT SERVICESUNITED KINGDOM10/9/19968/7/1998
KELLY MANAGEMENT SERVICESUNITED KINGDOM3/12/20073/4/2008
KELLY SERVICESUNITED KINGDOM7/2/199811/10/1999
KELLY SERVICES & DesignUNITED KINGDOM5/22/20029/23/2003
KELLY TEMPORARY SERVICESUNITED KINGDOM10/28/19912/11/1994
KELLYCONNECTUNITED KINGDOM10/4/199910/11/2000
KELLYOCGUNITED KINGDOM8/3/202210/28/2022
KSRUNITED KINGDOM3/19/199710/10/1997
PARTNERED STAFFINGUNITED KINGDOM1/2/19928/26/1994
PINPOINTUNITED KINGDOM2/13/20044/27/2005
TONER GRAHAMUNITED KINGDOM9/4/20084/29/2009
TONERGRAHAMUNITED KINGDOM9/4/20086/9/2009
KELLYUNITED KINGDOM7/2/199811/11/1999
KELLY (Stylized)UNITED KINGDOM8/11/201012/6/2010
KELLY (Stylized)UNITED KINGDOM9/21/19907/17/1992
KELLY ENGINEERING RESOURCESUNITED KINGDOM3/12/20071/14/2008
KELLY FINANCIAL RESOURCESUNITED KINGDOM10/9/200010/29/2001
KELLY GIRLUNITED KINGDOM10/1/19863/10/1989
KELLY HEALTHCARE RESOURCESUNITED KINGDOM10/9/200010/9/2001
KELLY HR CONSULTINGUNITED KINGDOM3/12/20071/14/2008
D-5


INSTAFLEXUNITED KINGDOM8/13/201411/14/2014
KELLY SCIENTIFIC RESOURCESUNITED KINGDOM9/15/20058/1/2006
KELLY EDUCATIONUNITED STATES9/6/20196/1/2021
KELLY ENGINEERINGUNITED STATES7/17/19986/26/2001
KELLY GIRLUNITED STATES11/8/19608/21/1962
KELLY NOWUNITED STATES7/16/20213/21/2023
KELLY SCIENTIFIC RESOURCESUNITED STATES4/9/19968/26/1997
KELLY SERVICESUNITED STATES4/9/19969/2/1997
KELLY SERVICESUNITED STATES5/16/19669/5/1967
KELLY SERVICES & DesignUNITED STATES5/16/19669/5/1967
KELLYCONNECTUNITED STATES4/5/19992/29/2000
KELLYOCGUNITED STATES2/11/20096/1/2010
KELLYOCG PRIMEUNITED STATES11/8/20174/17/2018
KELLYSELECTUNITED STATES6/17/19933/1/1994
KELTRONICSUNITED STATES10/28/199410/24/1995
KESUNITED STATES8/19/20038/17/2004
NEXTGENUNITED STATES10/18/20196/2/2020
NG NEXTGENUNITED STATES10/18/20196/2/2020
ON DECKUNITED STATES10/7/20083/2/2010
DESIGN (Rocket)UNITED STATES2/23/2022
PEOPLE. POWER. BUSINESS.UNITED STATES2/23/2022
PEOPLE. POWER. BUSINESS.UNITED STATES2/23/2022
PEOPLE. POWER. BUSINESS.UNITED STATES2/23/2022
PINPOINTUNITED STATES4/9/19962/4/1997
PINPOINTUNITED STATES9/14/19946/4/1996
PINPOINT & DesignUNITED STATES1/27/20038/10/2004
PINPOINT SELECTION SYSTEMUNITED STATES8/5/20022/24/2004
DESIGN (Rocket)UNITED STATES2/23/2022
SUBSTITUTES ANY TIMEUNITED STATES1/20/20178/28/2018
TEACHERS ON CALLUNITED STATES5/13/20192/4/2020
TEACHERS ON CALL (Stylized) & Design (Blackboard)UNITED STATES5/22/20147/28/2015
DESIGN (Rocket)UNITED STATES2/23/2022
GREENWOOD/ASHER & ASSOCIATES, LLCUNITED STATES7/12/20218/2/2022
INSTAFLEXUNITED STATES7/29/201412/6/2016
KELLYUNITED STATES4/9/19969/2/1997
KELLYUNITED STATES11/14/19856/17/1986
KELLY (Stylized)UNITED STATES8/17/19894/10/1990
ROCKETPOWERUNITED STATES12/23/2021
FRAMEWORK DEVELOPMENT CENTERSUNITED STATES10/10/20197/6/2021
QVRUNITED STATES11/21/20193/9/2021
FULL SCOPE GOVERNMENT SOLUTIONSUNITED STATES9/19/201910/20/2020
PELTA CYBER SECURITYUNITED STATES11/1/20187/21/2020
VITA DATA SCIENCESUNITED STATES4/20/20163/6/2018
VDS TAGUNITED STATES1/2/20187/9/2019
KELLYURUGUAY3/15/198912/6/1991
KELLY SERVICESVENEZUELA1/1/19661/26/1970
D-6


KELLYVIETNAM12/13/20075/21/2009
BTIVIETNAM3/26/20089/29/2010
D-7


www.pts-inc.net
www.myptstime2.com
www.myptsteam.com
www.mypts.com
www.capableclassroom.com
www.myptsteam.net


D-8



EXHIBIT E
(See Section 3.11 of Security Agreement)

FIXTURES

[To be completed and delivered only upon request of the Agent.]

E-1


EXHIBIT F
(See Section 3.13 and 4.6 of Security Agreement and Definition of “Pledged Collateral”)

LIST OF PLEDGED COLLATERAL, SECURITIES AND OTHER INVESTMENT PROPERTY

DOMESTIC SUBSIDIARIES
STOCKS


Issuer

Certificate Number(s)

Number of Shares


Class of Stock
Percentage of Outstanding Shares
Kelly Services, Inc.Kelly Properties, LLCN/A100 UnitsN/A100%
Kelly Services, Inc.Kelly Outsourcing and Consulting Group Australia, Ltd12100N/A100%
Kelly Services, Inc.Kelly Services Global, LLC100N/A100%
Kelly Services, Inc.Kelly Services USA, LLC100N/A100%
Kelly Services, Inc.NextGen Global Resources, LLC100N/A100%
Kelly Services, Inc.Global Technology Associates, LLC100N/A100%
Kelly Services USA, LLCTeachers on Call, Inc
2 class A
2 class B
750,000
250,000
N/A
100%
Kelly Services USA, LLCPediatric Therapeutic Services LLC400N/A
100%
Kelly Services USA, LLCGreenwood Asher & Associates, LLC100N/A
100%
Kelly Services, Inc.Softworld, LLC1,000N/A
100%


FOREIGN SUBSIDIARIES    
STOCKS


Name of Grantor


Issuer

*Certificate Number(s)

*Number of Shares
Percentage of Voting Stock Pledged


Class of Stock
Percentage of Outstanding Shares
Kelly Services, Inc.Kelly Services (Canada), Ltd.110065%N/A100%
Kelly Services, Inc.Kelly Services Mexico, S.A. de C.V.165%A99%
F-1


Kelly Services, Inc.Kelly Services Mexico, S.A. de C.V.165%B99%
Kelly Properties, LLCKelly Services Mexico, S.A. de C.V.265%A1%
Kelly Properties, LLCKelly Services Mexico, S.A. de C.V.265%B1%
Kelly Properties, LLCOpciones de Servicio en Mexico S.A. de C.V.265%N/A1%
Kelly Properties, LLCQSM S.A. de C.V.265%N/A1%
Kelly Services,
Inc.
Kelly Services Outsourcing and Consulting Group SA/NV165%N/A1%
Kelly Services,
Inc.
Kelly Managed Services (Nederland), B.VNo Certificate 1,80065%N/A100%
Kelly Services,
Inc.
Kelly Outsourcing and Consulting Group (Germany) GmbH157,00065%N/A100%
Kelly Services,
Inc.
Kelly OCG France SAS No Certificate1,00065%N/A100%
Kelly Services,
Inc.
Kelly OCG Sweden ABNo Certificate25,00065%N/A100%
Kelly Services,Kelly OCG Hungary KftNo Certificate165%N/A100%
Kelly Services, IncKC South Africa 110065%N/A
100%

* None of the certificated Foreign Subsidiaries are Material Foreign Subsidiaries. Information regarding number of shares not available for some Foreign Subsidiaries without translation.

F-2



Name of Grantor


Issuer

*Certificate Number(s)

*Number of Shares
Percentage of Voting Stock Pledged


Class of Stock
Percentage of Outstanding Shares
Kelly Services, Inc.KellyOCG Singapore Pte Ltd13,000,00165%N/A100%
Kelly Services, Inc.Kelly Outsourcing and Consulting Group India Pte Ltd
1 649,999
3 2,150,000
4 2,000,000
5 1,499,850
7 10,320,000
16,620,00065%N/A99%
Kelly PropertiesKelly Outsourcing and Consulting Group India Pte Ltd
2 1
6 150
16,620,0001%N/A1%
Kelly Services, Inc.Kelly OCG UK Ltd1165%N/A100%


*OTHER SECURITIES OR OTHER INVESTMENT PROPERTY
(CERTIFICATED AND UNCERTIFICATED)
Name of GrantorIssuerDescription of InvestmentPercentage Ownership Interest/Principal Balance
Kelly Services, Inc.Detroit Investment Fund, L.P.Investment in a private equity fund. Current book value is $818,971.401.95%
Kelly Services, Inc.PersolKelly Pte. Ltd.Current book value $6,424,694.682.5%
Kelly Properties, LLCIcon Savings CorporationInvestment in Icon Savings Corporation. Current book value is $250,0001.323%
Kelly Services, Inc.Red Rover TechnologiesInvestment in Red Rover Technologies . Current book value is $385,0002.0%

Note: Book values and ownership percentages are as of March 31, 2024.
* Other than as may be Excluded Collateral pursuant to Section 2.2(ix).
F-3


NOTES OR OTHER INSTRUMENTS PAYABLE TO THE COMPANY

Name of Grantor/LenderBorrowerDescription of NotePrincipal Amount
Kelly Services, Inc.Kelly Receivables Funding, LLCInter-company Loan$646,985,142.73
Note: Notes receivable balances are as of March 31, 2024.
F-4





F-5


EXHIBIT G
(See Section 3.1 and 3.10 of Security Agreement)
OFFICES IN WHICH FINANCING STATEMENTS HAVE BEEN FILED
Kelly Services, Inc.Delaware Secretary of State
Kelly Properties, LLCDelaware Secretary of State
Kelly Outsourcing and Consulting Group Australia, Ltd.Delaware Secretary of State
Kelly Services USA, LLCMichigan Secretary of State
Kelly Services Global, LLCMichigan Secretary of State
Teachers on Call, IncMinnesota Secretary of State
NextGen Global Resources, LLCDelaware Secretary of State
Global Technology Associates, LLCVirginia State Corporation Commission
Softworld, LLCDelaware Secretary of State
Greenwood Asher & Associates LLCFlorida Secretary of State
Pediatric Therapeutic Services LLCDelaware Secretary of State

G-1


EXHIBIT H
(See Definition of “Commercial Tort Claim” and Section 4.4 of Security Agreement)

COMMERCIAL TORT CLAIMS

None


4889-7608-0576 v4 [7-3168]
H-1