Lincoln Educational Services Corporation – Material Contracts Watch

from 8-K 9 pages Continuing Agreement of Guaranty and Suretyship

from 8-K 27 pages Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Financing Statement

from 8-K 8 pages Provident Bank Promissory Note Certain Personally Identifiable Information Has Been Omitted From This Exhibit Pursuant to Item 601(a)(6) of Regulation S-K. the Omitted Information Is Indicated by "[***]"

from 8-K 24 pages Background

from 8-K 21 pages Purchase and Sale Agreement

from 8-K 29 pages Amended and Restated Guaranty and Security Agreement

from 8-K 12 pages Employment Agreement (This “Agreement”), Dated as of December 19, 2025, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Stephen E. Ace (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 13, 2022 Which Expires Pursuant to Its Terms on December 31, 2025 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 19, 2025 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement. This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 8-K 12 pages Employment Agreement (This “Agreement”), Dated as of December 19, 2025, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Alexandra M. Luster (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 13, 2022, Which Expires Pursuant to Its Terms on December 31, 2025 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 19, 2025 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement. This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 8-K 13 pages Employment Agreement (This “Agreement”), Dated as of December 19, 2025, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Chad D. Nyce (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 13, 2022, Which Expires Pursuant to Its Terms on December 31, 2025 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 19, 2025 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement. This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 8-K 13 pages Employment Agreement (This “Agreement”), Dated as of December 19, 2025, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Brian K. Meyers (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 13, 2022 Which Expires Pursuant to Its Terms on December 31, 2025 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 19, 2025 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement. This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 8-K 13 pages Employment Agreement (This “Agreement”), Dated as of December 19, 2025, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Scott M. Shaw (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 13, 2022 Which Expires Pursuant to Its Terms on December 31, 2025 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 19, 2025 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 10-K 9 pages Agreement Pursuant to the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan Performance-Restricted Shares

from 10-K 9 pages Agreement Pursuant to the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan Time-Restricted Shares and Performance-Restricted Shares

from 10-K 12 pages Employment Agreement (This “Agreement”), Dated as of December 13, 2022, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Alexandra M. Luster (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 3, 2020, Which Expires Pursuant to Its Terms on December 31, 2022 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 13, 2022 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement. This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 10-K 12 pages Employment Agreement (This “Agreement”), Dated as of December 13, 2022, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Stephen E. Ace (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 3, 2020 Which Expires Pursuant to Its Terms on December 31, 2022 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 13, 2022 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement. This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 8-K 12 pages Employment Agreement (This “Agreement”), Dated as of December 13, 2022, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Chad D. Nyce (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 3, 2020, Which Expires Pursuant to Its Terms on December 31, 2022 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 13, 2022 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement. This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 8-K 12 pages Employment Agreement (This “Agreement”), Dated as of December 13, 2022, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Stephen M. Buchenot (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 10, 2020 Which Expires Pursuant to Its Terms on December 31, 2023 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 13, 2022 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement. This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 8-K 13 pages Employment Agreement (This “Agreement”), Dated as of December 13, 2022, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Brian K. Meyers (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 10, 2020 Which Expires Pursuant to Its Terms on December 31, 2023 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 13, 2022 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement. This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 8-K 13 pages Employment Agreement (This “Agreement”), Dated as of December 13, 2022, Between Lincoln Educational Services Corporation, a New Jersey Corporation (The “Company”), and Scott M. Shaw (The “Executive”). Whereas, the Executive Is Currently Employed by the Company; Whereas, the Executive and the Company Entered Into an Employment Agreement, Dated, December 10, 2020 Which Expires Pursuant to Its Terms on December 31, 2023 (The “Prior Agreement”); and Whereas, the Parties Desire to Enter Into a New Agreement Setting Forth the Terms and Conditions of the Executive’s Employment With the Company Effective as of December 13, 2022 That Supersedes the Prior Agreement; Now, Therefore, in Consideration of the Covenants and Agreements Hereinafter Set Forth, the Parties Hereto Agree as Follows: 1. Effectiveness of Agreement This Agreement Shall Become Effective as of the Date Hereof. 2. Employment and Duties

from 10-Q 6 pages Lincoln Educational Services Corporation Severance and Retention Pay Policy