Guaranty Agreement


 Exhibit 10.3 
 GUARANTY AGREEMENT 
 THIS GUARANTY
AGREEMENT dated as of October 21, 2009, (together with any amendments or supplements hereto, this “Guaranty Agreement”), by PROTEIN FINANCE COMPANY, a Delaware corporation, OMEGA INTERNATIONAL MARKETING
COMPANY, a Delaware corporation, OMEGA INTERNATIONAL DISTRIBUTION COMPANY, a Delaware corporation, OMEGA SHIPYARD, INC., a Delaware corporation, and PROTEIN INDUSTRIES, INC., a Delaware corporation (herein whether singular
or plural referred to as “Guarantor”), in favor of WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”). 
 W I T N E S S E T H: 
 A. Guarantor has requested Lender to make a loan or loans to OMEGA PROTEIN CORPORATION, a Nevada corporation, and OMEGA PROTEIN, INC., a Virginia corporation (herein whether singular or
plural referred to as the “Obligor”). 
 B. Each Guarantor is a Subsidiary of Obligor. 
 C. Lender has conditioned its agreement to make such a loan or loans upon Guarantor’s execution and delivery of this Guaranty
Agreement. 
 NOW, THEREFORE, in consideration of the premises and of other good and valuable consideration and to induce Lender
at its option, at any time or from time to time to loan monies or extend financial accommodations, with or without security, to or for the account of Obligor and at the special instance and request of Lender, Guarantor hereby covenants and agrees
with Lender, as follows: 
 ARTICLE I 
 GENERAL TERMS 
 Section 1.01 Terms Defined Above. As used in
this Guaranty Agreement, the terms Guarantor, Lender and Obligor shall have the meanings indicated above. 
 Section 1.02
Certain Definitions. As used in this Guaranty Agreement, the following terms shall have the following meanings, unless the context otherwise requires: 
 “Loan Agreement” shall mean that certain Loan Agreement of even date herewith by and among Obligor and Lender. 
 “Notes” shall mean the promissory note or notes (whether one or more) of Obligor payable to the order of Lender, and all
renewals, extensions, modifications, increases and rearrangements thereof. 
 “Property” shall mean any
interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible. 






 Section 1.03 Terms Defined in the Loan Agreement. All other terms used herein
which are defined in the Loan Agreement shall have the same meaning herein unless the context otherwise requires. Such terms include, without limitation, “Affidavit,” “Collateral,” “Debtor Relief
Law,” “Event of Default,” “Lien,” “Loan Documents,” “Loan Party,” “Obligations,” “Person,” “Potential Default” and
“Subsidiary.” 
 ARTICLE II 
 REPRESENTATIONS AND WARRANTIES OF GUARANTOR 
 Section 2.01
Representations and Warranties of Guarantor – Due Organization. Each Guarantor hereby represents and warrants that (a) it is duly organized, validly existing and in good standing under the laws of the jurisdiction of its
organization; (b) the execution, delivery and performance of this Guaranty Agreement (i) are within Guarantor’s power, (ii) have been duly authorized by all necessary organizational action, (iii) do not contravene
Guarantor’s organizational documents, (iv) do not contravene any law or contractual restriction (including contractual restrictions arising out of any loan agreement, indenture or mortgage relating to indebtedness or securities of the
Guarantor, binding on or affecting the Guarantor), and (v) will not require the consent or approval of any other person; (c) the individual signing this Guaranty Agreement is authorized to sign this Guaranty Agreement on behalf of
Guarantor; and (d) Guarantor may be expected to benefit, directly or indirectly, from this Guaranty Agreement. 
 Section 2.02 Representations and Warranties of Guarantor – Loan Agreement. Each Guarantor hereby confirms each representation and warranty made by or on behalf of it in the Loan Agreement, whether referred to therein as
Guarantor, Subsidiary or Loan Party. 
 ARTICLE III 
 GUARANTEE OF PAYMENT 
 Section 3.01 Guarantee
of Payment of the Obligations of Obligor. Each Guarantor hereby unconditionally and irrevocably, jointly and severally, guarantees the prompt payment at maturity and the performance when due of the Obligations. 
 Section 3.02 Nature of Guaranty. This Guaranty Agreement is a complete and continuing one. The obligations, covenants,
agreements and duties of each Guarantor under this Guaranty Agreement shall be joint and several with Obligor and each other Guarantor, shall be irrevocable, absolute and unconditional, shall remain in full force and effect until payment in full of
the Obligations, and shall in no way be affected or impaired by reason of the happening from time to time of any other event, including, without limitation, the following, whether or not any such event shall have occurred without notice to or the
consent of any Guarantor: 
 (a) the waiver, compromise, settlement, termination or other release of the performance or
observance by any Guarantor, or any other Person liable or to become liable for repayment of the Loan Agreement or the Notes or any or all of such Guarantor’s or other Person’s agreements, covenants, terms or conditions contained in this
Guaranty Agreement; 
  

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 (b) the extension of the time for payment of any of the Obligations or of the time for
performance of any obligations, covenants or agreements under or arising out of this Guaranty Agreement or the Loan Documents; 
 (c) any failure, omission, delay or lack on the part of Lender to enforce, assert or exercise any right, power or remedy conferred on Lender in the Loan Agreement, the Notes, any Loan Documents or this Guaranty Agreement, or the inability
of Lender to enforce any provision of this Guaranty Agreement, the Loan Agreement, the Notes or the Loan Documents, or any other act or omission on the part of Lender or any of the holders from time to time of the Notes; 
 (d) the transfer, assignment or mortgaging, or the purported transfer, assignment or mortgaging, of all or any part of the interest of
Obligor or any Guarantor in the Property or any failure of title with respect to the interest of Obligor or any Guarantor in the Property or the invalidity, unenforceability or termination of the Loan Agreement; 
 (e) the modification or amendment (whether material or otherwise) of any obligation, covenant or agreement set forth in this Guaranty
Agreement, the Loan Agreement, the Notes or the Loan Documents; 
 (f) the voluntary or involuntary liquidation, dissolution,
sale of all or substantially all of the assets, marshalling of assets and liabilities, receivership, conservatorship, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment of, or
other similar proceeding affecting Obligor or any Guarantor or any of their respective assets or any allegation or contest of the validity of this Guaranty Agreement, the Loan Agreement, the Notes or the Loan Documents; 
 (g) the release of any Obligor or any Guarantor (or any other Person liable to perform or observe any agreements, covenants, duties or
obligations of any of them) from the performance or observance of any of the agreements, covenants, terms or conditions contained in the Loan Agreement, the Notes, any of the Loan Documents or this Guaranty Agreement; 
 (h) the surrender or impairment of any security for the performance or observance of any of the agreements, covenants, terms and conditions
contained in the Loan Agreement, the Notes, the Loan Documents or this Guaranty Agreement; 
 (i) any failure of Obligor or any
Guarantor to perform and observe any agreement or covenant, or to discharge any duty or obligation, arising out of or connected with the Loan Agreement, the Notes, this Guaranty Agreement or the Loan Documents or the occurrence or pendency of any
Potential Default or Event of Default thereunder or any proceedings or actions as a result of, or attendant upon, such Event of Default; 
 (j) the inability of Lender to enforce any provision of the Loan Agreement, the Notes, any of the Loan Documents or this Guaranty Agreement for any reason; 
 (k) the taking or the omission of any of the actions referred to in the Loan Agreement, the Notes, any Loan Documents or of any actions
under this Guaranty Agreement; or 
  

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 (l) the failure to give notice to any Guarantor of the occurrence of a default under this
Guaranty Agreement or of the occurrence of an Event of Default under the terms and provisions of the Loan Agreement, the Notes or any of the Loan Documents. 
 No set-off, counterclaim, reduction, or diminution of any obligation, or any defense of any kind or nature (other than performance by a Guarantor of such Guarantor’s obligations hereunder), which
Obligor may have or assert against a Guarantor or which a Guarantor may have or assert against Obligor or which Obligor may have or assert against Lender shall be available hereunder to any Guarantor against Lender. 
 In the event that, after payment in full of the Obligations, any payment or payments received thereon are voided or rescinded, whether as a
preference in bankruptcy or otherwise, the amount of any such payment shall be deemed to be Obligations covered by this Guaranty Agreement, this Guaranty Agreement shall be immediately deemed revived as to such amounts and Guarantor shall remain
liable for the payment of all such amounts, and shall indemnify Lender from such amounts, together with collection costs and other sums due pursuant to this Guaranty Agreement. 
 Section 3.03 Waivers by Guarantor. Each Guarantor waives acceptance of this Guaranty Agreement, notice of the Obligations,
creation thereof, renewal, extension, rearrangement and modification thereof, and of any extension of credit or of any financial accommodation already or hereafter contracted by or extended to Obligor by Lender; each Guarantor further waives notice
of Lender’s acceptance of and reliance on this Guaranty Agreement and each Guarantor further waives presentment, demand for payment, protest and notice of non-payment or dishonor, notice of intent to accelerate the maturity of any of the
Obligations and notice of such acceleration and all other notices and demands whatsoever. Each Guarantor further waives any right each may have to (a) require Lender to proceed against any Obligor or any other Guarantor, (b) require Lender
to proceed against or exhaust any security granted by any Obligor or any other Guarantor, (c) require Lender to pursue any other remedy within its power, or (d) require Lender to give notice in connection with any remedy against any
Property in which Lender has a Lien, whether granted by Guarantor, any Obligor or any other Person, including specifically any acceptance of Collateral in lieu of debt. Each Guarantor agrees that all of their obligations under this Guaranty
Agreement are independent of the obligations of Obligor under the Loan Agreement, the Notes and the Loan Documents and that a separate action may be brought against each Guarantor whether an action is commenced against any Obligor under the Loan
Agreement, the Notes or the Loan Documents. Each Guarantor waives any defense arising by reason of any disability, lack of organizational authority or power, or other defense of any Obligor or any other Guarantor of any of the Obligations, and shall
remain liable hereon regardless of whether any Obligor or any other Guarantor be found not liable thereon for any reason. Each Guarantor waives any rights and defenses it may have under Section 17.001 of the Texas Civil Practice &
Remedies Code, Rule 31 of the Texas Rules of Civil Procedure, and Chapter 43 of the Texas Civil Practice and Remedies Code. 
 Section 3.04 Subrogation of Guarantor. Notwithstanding any payment or payments made by a Guarantor by reason of this Guaranty Agreement, no Guarantor shall be subrogated to any rights of Lender. Each Guarantor hereby waives any
claim Guarantor may have against each Obligor arising from payments made by such Guarantor by reason of this Guaranty Agreement, including without limitation, any right of repayment, subrogation, exoneration, contribution,

  

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indemnification, any right to participate in any claim or remedy of Lender against each Obligor and any collateral security therein which Lender now has or hereafter acquires, whether such claim,
remedy or right arises in equity, or under contract, statute, or common law. 
 Section 3.05 Subordination. If, for
any reason whatsoever, either Obligor or an Affiliate of either Obligor is now or hereafter becomes indebted to Guarantor: 
 (a) such indebtedness and all interest thereon and all Liens and other rights now or hereafter existing with respect to property of Obligor securing such indebtedness shall at all times be and remain inferior and subordinate in all respects
to the Obligations and to any and all Liens and other rights now or hereafter existing upon Obligor’s assets securing payment or performance of the Obligations, regardless of whether such Liens or other rights in favor of Guarantor or Lender
presently exist or are hereafter created or attached; 
 (b) Guarantor shall not be entitled to enforce or receive, and shall
not demand or accept, payment, directly or indirectly, of any such indebtedness of Obligor to Guarantor, except such indebtedness as has been incurred in the ordinary course of business, and only so long as no Event of Default exists; 
 (c) Guarantor shall not exercise or enforce any creditors’ rights it may have against Obligor until the Obligations have been fully and
finally paid and performed and all commitments to lend under the Loan Documents have terminated; 
 (d) Guarantor shall not
foreclose, repossess, sequester or otherwise take steps or institute any action or proceedings, judicial or otherwise (including, without limitation, the commencement of, or joinder in, any action or proceeding pursuant to any Debtor Relief Law), to
enforce any Liens held by Guarantor on assets of Obligor until the Obligations have been fully and finally paid and performed and all commitments to lend under the Loan Documents have terminated; 
 (e) Guarantor hereby assigns and grants to Lender a security interest in all such indebtedness and security therefor, if any, of Obligor to
Guarantor now existing or hereafter arising, including any dividends and payments pursuant to any proceeding under or pursuant to any Debtor Relief Law. In the event of any proceeding under or pursuant to any Debtor Relief Law involving either
Guarantor or Obligor as debtor, Lender shall have the right to prove its claim in any such proceeding so as to establish its rights hereunder and shall have the right to receive directly from the receiver, trustee or other custodian (whether or not
an Event of Default shall exist), dividends and payments that are payable upon any obligation of Obligor to Guarantor now existing or hereafter arising, and to have all benefits of any security therefor, until the Obligations have been fully and
finally paid and performed. If, notwithstanding the foregoing provisions, Guarantor should receive any funds, payment, claim or distribution that is prohibited as provided above in this Section 3.05, Guarantor shall pay the same to
Lender immediately, Guarantor hereby agreeing that it shall receive and hold the funds, payment, claim or distribution in trust for the benefit of Lender and shall have absolutely no right, either legal or equitable, to the same except to pay it
immediately to Lender to be credited and applied to the Obligations, whether matured or unmatured; and 
  

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 (f) Guarantor shall promptly upon request of Lender from time to time execute such documents
and perform such acts as Lender may require to evidence and perfect its interest and to permit or facilitate the exercise of its rights under this Section 3.05, including, without limitation, execution and delivery of financing
statements, proofs of claim, further assignments and security agreements, and delivery to Lender of any promissory notes or other instruments evidencing indebtedness of Obligor to Guarantor. At Lender’s request, all promissory notes, accounts
receivable ledgers or other evidences, now or hereafter held by Guarantor, of obligations of Obligor to Guarantor shall contain a specific written notice thereon that the indebtedness evidenced thereby is subordinated under and is subject to the
terms of this Guaranty. 
 ARTICLE IV 
 DEFAULT AND REMEDIES 
 Section 4.01 Enforcement Provisions.
Lender shall have the right, power and authority to do all things, including instituting or appearing in any suit or proceeding, not inconsistent with the express provisions of this Guaranty Agreement, which it may deem necessary or advisable to
enforce the provisions of this Guaranty Agreement. Each and every default in payment of the Obligations by Obligor shall give rise to a separate cause of action hereunder, and separate suits may be brought hereunder as each cause of action arises.

 Section 4.02 No Remedy Exclusive. No remedy conferred upon or reserved to Lender herein is intended to be
exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Guaranty Agreement or any instrument executed by any Guarantor to secure this
Guaranty Agreement or in connection herewith, or now or hereafter existing at law or in equity. 
 Section 4.03 Right to
Proceed Against Guarantor. In the event of a default in payment of any of the Obligations when and as the same shall become due, whether at the stated maturity thereof, by acceleration or otherwise, Lender may proceed to enforce its rights
hereunder and Lender shall have the right to proceed first and directly against any Guarantor under this Guaranty Agreement without proceeding against any other Person or exhausting any other remedies which it may have and without resorting to any
other security held by Lender. 
 Section 4.04 Guarantor to Pay Costs of Enforcement. Each Guarantor agree to pay
all costs, expenses and fees, including, without limitation, all reasonable attorneys’ fees which may be incurred by Lender in enforcing or attempting to enforce this Guaranty Agreement or protecting the rights of Lender hereunder following any
default on the part of any Guarantor hereunder, whether the same shall be enforced by suit or otherwise. 
 Section 4.05
No Waiver of Rights. No delay or omission to exercise any right or power accruing upon any default, omission or failure of performance hereunder shall impair any such right or power or shall be construed to be a waiver thereof, but any such
right and power may be exercised from time to time and as often as may be deemed expedient. 
  

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 ARTICLE V 
 COVENANTS OF GUARANTOR 
 Section 5.01
Covenants. Until full payment and performance of all Obligations under the Loan Documents and unless Lender consents otherwise in writing (and without limiting any requirement of any other Loan Document), each Guarantor shall fully perform as
required all covenants and agreements made by or on behalf of it in the Loan Agreement, whether referred to therein as Guarantor, Subsidiary or Loan Party. 
 ARTICLE VI 
 GENERAL 
 Section 6.01 Guaranty Agreement Independent of Other Agreements. The obligations of each Guarantor under this Guaranty Agreement
shall arise absolutely and unconditionally upon the execution and delivery of the Notes and the Loan Documents. This Guaranty Agreement is separate and independent of the Loan Agreement, the Notes and the Loan Documents, and any modification,
limitation or discharge of any Obligor’s liability under the Loan Agreement, the Notes and the Loan Documents arising out of or by virtue of any bankruptcy, arrangement, reorganization or similar proceedings or by any action, suit, order,
judgment, regulation or otherwise shall not modify, limit, discharge or otherwise affect the liability of any Guarantor under this Guaranty Agreement in any manner whatsoever. 
 Section 6.02 Benefited Parties. This Guaranty Agreement is entered into by each Guarantor to provide financial accommodations
for Obligor, and for the benefit of Lender. This Guaranty Agreement shall not be deemed to create any right in, or to be in whole or in part for the benefit of, any person other than Guarantor and Lender and Lender’s successors and assigns. No
Guarantor may assign any of its rights or obligations hereunder. 
 Section 6.03 Lender May Bring Suit Against
Guarantor. So long as any of the Obligations is outstanding, if Lender shall bring any legal action or proceeding against any Guarantor for the enforcement of any provisions of this Guaranty Agreement, it shall not be necessary in any such
action or proceeding to make Obligor or any other person a party thereto. 
 Section 6.04 Interpretations. The
article and section headings of this Guaranty Agreement are for reference purposes only and shall not affect its interpretation in any respect. 
 Section 6.05 Entire Agreement; Counterparts, Amendments; Governing Law, Etc. This Guaranty Agreement (a) constitutes the entire agreement, and supersedes all prior agreements and
understandings, both written and oral, between the parties with respect to the subject matter hereof; (b) may be executed in several counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument; (c) may be modified only by an instrument in writing signed by the duly authorized representatives of the parties and only if the consent of Lender is given in writing; and (d) shall be performable in Harris County, Texas,
and shall be governed in all respects, including validity, interpretation and effect by, and shall be enforceable in accordance with, the laws of the State of Texas and the United States of America. Upon payment in full of the Obligations, this
Guaranty Agreement shall terminate. If any provision of this Guaranty Agreement shall be held to be invalid by any court of competent jurisdiction, the invalidity of such provision shall not affect any of the remaining provisions. 
  

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 Section 6.06 Further Assurances. Each Guarantor will execute and deliver all
such instruments and take all such action as Lender may from time to time reasonably request in order fully to effectuate the purposes of this Guaranty Agreement. 
 Section 6.07 Notices. All notices and other communications in respect of this Guaranty Agreement shall be given as provided in the Loan Agreement. 
 Section 6.08 CONSENT TO JURISDICTION. ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY AGREEMENT
OR ANY TRANSACTION CONTEMPLATED HEREBY MAY BE INSTITUTED IN ANY STATE OR FEDERAL COURT IN HARRIS COUNTY, TEXAS, AND EACH GUARANTOR WAIVES ANY OBJECTION WHICH THEY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH SUIT ACTION OR
PROCEEDING, AND IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING. 
 Section 6.09 Guarantor’s Approval of Agreement. The Loan Agreement has been submitted to Guarantor for examination, and Guarantor acknowledges that, by execution of this Guaranty Agreement, each has approved the Loan
Agreement. 
 Section 6.10 Interpretation. This Guaranty Agreement has been made in and shall be governed by the
laws of the State of Texas, except as to rules of conflicts of laws, and of the United States of America as applicable, in all respects, including matters of construction, validity, enforcement and performance. 
 Section 6.11 Gender. For the purposes of this Guaranty Agreement, “he,” “him” and “his” shall
refer to both masculine and feminine gender and to a corporation, limited liability company or a limited partnership, as the context may require. 
 Section 6.12 Arbitration. 
 (a) Arbitration. The parties hereto
agree, upon demand by any party, to submit to binding arbitration all claims, disputes and controversies between or among them (and their respective employees, officers, directors, attorneys, and other agents), whether in tort, contract or otherwise
in any way arising out of or relating to (i) any credit subject hereto, or any of the Loan Documents, and their negotiation, execution, collateralization, administration, repayment, modification, extension, substitution, formation, inducement,
enforcement, default or termination; or (ii) requests for additional credit. 
 (b) Governing Rules. Any arbitration
proceeding will (i) proceed in a location in Texas selected by the American Arbitration Association (“AAA”); (ii) be governed by the Federal Arbitration Act (Title 9 of the United States Code), notwithstanding any
conflicting choice of law provision in any of the documents between the parties; and (iii) be conducted by the AAA, or such other administrator as the parties shall mutually agree upon, in accordance with the AAA’s commercial dispute
resolution procedures, unless the claim or counterclaim is at

  

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least $1,000,000.00 exclusive of claimed interest, arbitration fees and costs in which case the arbitration shall be conducted in accordance with the AAA’s optional procedures for large,
complex commercial disputes (the commercial dispute resolution procedures or the optional procedures for large, complex commercial disputes to be referred to herein, as applicable, as the “Rules”). If there is any inconsistency
between the terms hereof and the Rules, the terms and procedures set forth herein shall control. Any party who fails or refuses to submit to arbitration following a demand by any other party shall bear all costs and expenses incurred by such other
party in compelling arbitration of any dispute. Nothing contained herein shall be deemed to be a waiver by any party that is a bank of the protections afforded to it under 12 U.S.C. §91 or any similar applicable state law. 
 (c) No Waiver of Provisional Remedies, Self-Help and Foreclosure. The arbitration requirement does not limit the right of any party
to (i) foreclose against real or personal property collateral; (ii) exercise self-help remedies relating to collateral or proceeds of collateral such as setoff or repossession; or (iii) obtain provisional or ancillary remedies such as
replevin, injunctive relief, attachment or the appointment of a receiver, before during or after the pendency of any arbitration proceeding. This exclusion does not constitute a waiver of the right or obligation of any party to submit any dispute to
arbitration or reference hereunder, including those arising from the exercise of the actions detailed in sections (i), (ii) and (iii) of this paragraph. 
 (d) Arbitrator Qualifications and Powers. Any arbitration proceeding in which the amount in controversy is $5,000,000.00 or less will be decided by a single arbitrator selected according to the
Rules, and who shall not render an award of greater than $5,000,000.00. Any dispute in which the amount in controversy exceeds $5,000,000.00 shall be decided by majority vote of a panel of three (3) arbitrators; provided however, that
all three (3) arbitrators must actively participate in all hearings and deliberations. The arbitrator will be a neutral attorney licensed in the State of Texas with a minimum of ten (10) years experience in the substantive law applicable
to the subject matter of the dispute to be arbitrated. The arbitrator will determine whether or not an issue is arbitratable and will give effect to the statutes of limitation in determining any claim. In any arbitration proceeding the arbitrator
will decide (by documents only or with a hearing at the arbitrator’s discretion) any pre-hearing motions which are similar to motions to dismiss for failure to state a claim or motions for summary adjudication. The arbitrator shall resolve all
disputes in accordance with the substantive law of Texas and may grant any remedy or relief that a court of such state could order or grant within the scope hereof and such ancillary relief as is necessary to make effective any award. The arbitrator
shall also have the power to award recovery of all costs and fees, to impose sanctions and to take such other action as the arbitrator deems necessary to the same extent a judge could pursuant to the Federal Rules of Civil Procedure, the Texas Rules
of Civil Procedure or other applicable law. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction. The institution and maintenance of an action for judicial relief or pursuit of a provisional or ancillary
remedy shall not constitute a waiver of the right of any party, including the plaintiff, to submit the controversy or claim to arbitration if any other party contests such action for judicial relief. 
 (e) Discovery. In any arbitration proceeding, discovery will be permitted in accordance with the Rules. All discovery shall be
expressly limited to matters directly relevant

  

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to the dispute being arbitrated and must be completed no later than twenty (20) days before the hearing date. Any requests for an extension of the discovery periods, or any discovery
disputes, will be subject to final determination by the arbitrator upon a showing that the request for discovery is essential for the party’s presentation and that no alternative means for obtaining information is available. 
 (f) Class Proceeding and Consolidations. No party hereto shall be entitled to join or consolidate disputes by or against others in
any arbitration, except parties who have executed any Loan Document, or to include in any arbitration any dispute as a representative or member of a class, or to act in any arbitration in the interest of the general public or in a private attorney
general capacity. 
 (g) Payment of Arbitration Costs and Fees. The arbitrator shall award all costs and expenses of the
arbitration proceeding. 
 (h) Miscellaneous. To the maximum extent practicable, the AAA, the arbitrators and the parties
shall take all action required to conclude any arbitration proceeding within one hundred eighty (180) days of the filing of the dispute with the AAA. No arbitrator or other party to an arbitration proceeding may disclose the existence, content
or results thereof, except for disclosures of information by a party required in the ordinary course of its business or by applicable law or regulation. If more than one agreement for arbitration by or between the parties potentially applies to a
dispute, the arbitration provision most directly related to the Loan Documents or the subject matter of the dispute shall control. This arbitration provision shall survive termination, amendment or expiration of any of the Loan Documents or any
relationship between the parties. 
 Section 6.13 WAIVER OF JURY TRIAL. TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, EACH GUARANTOR HEREBY IRREVOCABLY AND EXPRESSLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS GUARANTY AGREEMENT OR
ANY OF THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY OR THE ACTIONS OF LENDER IN THE NEGOTIATION, ADMINISTRATION, OR ENFORCEMENT HEREOF OR THEREOF. 
 [Remainder of page blank. Signatures appear on next page.] 
  

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 IN WITNESS WHEREOF, Guarantor has executed this Guaranty Agreement, as of the date first
above written. 
  

			
	 GUARANTOR:

	
	PROTEIN FINANCE COMPANY
		
	 By:
	 	 /s/ Robert W. Stockton

		 	Robert W. Stockton
		 	Vice President and Treasurer
	
	OMEGA INTERNATIONAL MARKETING COMPANY
		
	 By:
	 	 /s/ Robert W. Stockton

		 	Robert W. Stockton
		 	Vice President and Treasurer
	
	OMEGA INTERNATIONAL DISTRIBUTION COMPANY
		
	 By:
	 	 /s/ Robert W. Stockton

		 	Robert W. Stockton
		 	Vice President and Treasurer
	
	OMEGA SHIPYARD, INC.
		
	 By:
	 	 /s/ Robert W. Stockton

		 	Robert W. Stockton
		 	Vice President and Treasurer
	
	PROTEIN INDUSTRIES, INC.
		
	 By:
	 	 /s/ Robert W. Stockton

		 	Robert W. Stockton
		 	Vice President and Treasurer


  

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