0000944480-15-000016 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 19th, 2015 • Gse Systems Inc • Services-prepackaged software • Maryland

AGREEMENT, dated as of (the "Effective Date"), between GSE Systems, Inc. a Delaware corporation with principal executive offices at 1332 Londontown Blvd., Sykesville, MD 21784 (the "Company"), and __________________________________ ("Employee").

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COMPREHENSIVE AMENDMENT TO FINANCING DOCUMENTS
Financing Documents • March 19th, 2015 • Gse Systems Inc • Services-prepackaged software • Maryland

THIS COMPREHENSIVE AMENDMENT TO FINANCING DOCUMENTS (this "Amendment") is dated March 31, 2012, by and among GSE SYSTEMS, INC., a Delaware corporation ("GSE"), GSE POWER SYSTEMS, INC., a Delaware corporation ("GSE Power Systems"), and GSE ENVISION LLC, a New Jersey limited liability company, successor-by-merger to GSE ENVISION INC., a New Jersey corporation ("GSE EnVision" and with GSE and GSE Power Systems, each a "Co-Borrower" and collectively, the "Co-Borrowers") and SUSQUEHANNA BANK, a Pennsylvania state chartered commercial banking corporation (the "Bank"); witnesseth:

SECOND AMENDMENT OF LEASE
Lease • March 19th, 2015 • Gse Systems Inc • Services-prepackaged software

THIS SECOND AMENDMENT OF LEASE (this "Amendment") is made this 22nd day of July, 2010, by and between 1332 LONDONTOWN ROAD, LLC, having an address of 1300 York Road, Suite 300, Lutherville, Maryland 21093 ("Landlord") and GSE SYSTEMS, INC., having an address of 1332 Londontown Boulevard, Sykesville. MD 21784 (hereinafter "Tenant").

THIRD AMENDMENT OF LEASE
Third Amendment of Lease • March 19th, 2015 • Gse Systems Inc • Services-prepackaged software

THIS THIRD AMENDMENT OF LEASE (this "Amendment") is made this 15th day of May, 2012, by and between 1332 LONDONTOWN ROAD, LLC, having an address of 222 Courthouse Court, Suite 300, Towson, Maryland 21204 ("Landlord") and GSE SYSTEMS, INC., having at 1332 Londontown Boulevard, Eldersburg, Maryland 21784 (hereinafter "Tenant").

AMENDMENT OF LEASE
Of Lease • March 19th, 2015 • Gse Systems Inc • Services-prepackaged software

THIS AMENDMENT OF LEASE (this "Amendment") is made this 28th day of May, 2008, by and between 1332 LONDONTOWN ROAD, LLC, having an addrTE of 1300 York Road, Suite 300, Lutherville, Maryland 21093 ("Landlord") and GSE SYSTEMS, INC., having an address of 7133 Rutherford Road, Baltimore, Maryland, 21244 (hereinafter 'Tenant").

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