0001437749-18-000648 Sample Contracts

GUARANTY
Guaranty • January 16th, 2018 • Spar Group Inc • Services-business services, nec • Florida

THIS GUARANTY (this “Guaranty”) is dated as of January 1, 2018, and is made by SPAR GROUP, INC., a Delaware corporation, on behalf of itself and its heirs, successors, representatives and assigns (“Guarantor”), for the benefit of RICHARD JUSTUS (“Beneficiary”).

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SECURITIES PLEDGE AND ESCROW AGREEMENT
Securities Pledge and Escrow Agreement • January 16th, 2018 • Spar Group Inc • Services-business services, nec • Florida

PROMISSORY NOTE: That certain Secured Promissory Note of even date herewith made by Pledgor in favor of Secured Party, in the principal amount of $2,600,000 (the “Note”).

FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • January 16th, 2018 • Spar Group Inc • Services-business services, nec

THIS FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (this “Amendment”) is made effective as of January 1, 2018, by and between SPAR Marketing Force, Inc., a Nevada corporation (“Buyer”), and Richard Justus, a Florida resident (“Seller”).

FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • January 16th, 2018 • Spar Group Inc • Services-business services, nec

THIS FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (this “Amendment”) is made effective as of January 1, 2018, by and between SPAR Marketing Force, Inc., a Nevada corporation (“Buyer”), and Joseph L. Paulk, a Florida resident (“Seller”).

Stock Purchase Agreement
Stock Purchase Agreement • January 16th, 2018 • Spar Group Inc • Services-business services, nec • Florida

This Stock Purchase Agreement (this “Agreement”) is made as of October 13, 2017, by and between SPAR Marketing Force, Inc., a Nevada corporation (“Buyer”) and Joseph L. Paulk, a Florida resident (“Seller”).

Executive Officer Employment Terms and SEVERANCE AGREEMENT
Terms and Severance Agreement • January 16th, 2018 • Spar Group Inc • Services-business services, nec • Florida

This Executive Officer Employment Terms and Severance Agreement (as modified, amended or restated from time to time in the manner provided herein, this “Agreement”) is dated and effective as of January 1, 2018 (the “Effective Date”), and is by and between Richard Justus, an individual (the “Employee”), and Resource Plus of North Florida, Inc., a Florida corporation (the “Company”). The Employee and Company may be referred to individually as a “Party” and collectively as the “Parties”.

STOCK PURCHASE AGREEMENT (“SPA”)
Stock Purchase Agreement • January 16th, 2018 • Spar Group Inc • Services-business services, nec

SPAR Marketing Force, Inc. (“Buyer”) will purchase. from Richard Justus (“Seller”) 2% of the stock in Resource Plus of North Florida, Inc (“RP”), 1% of the stock in Mobex of North Florida, Inc. and 1% of the ownership interests in Leasex, LLC. (collectively, the “Acquired Stock” and the “Acquired Company or Companies”) on the Closing Date. On the date this SPA is signed (“Signing Date”), Seller will transfer the Acquired Stock of the Acquired Companies to Foley & Lardner LLP, a Wisconsin limited liability partnership (“Escrow Agent”) for deposit into an escrow account and the Buyer will transfer $50,000 to the Escrow Agent for deposit into an escrow account.

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