EX-10.8


 Exhibit 10.8 

SEVENTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

This Seventh Amendment to Loan and Security Agreement (“Amendment”) is dated as of February 3, 2015 by and among
DENT-A-MED INC., an Oklahoma corporation, and HC RECOVERY, INC., an Oklahoma corporation (collectively the “Borrowers” and each individually is referred to as a “Borrower”), WELLS FARGO BANK, N.A., successor by
merger to Wells Fargo Preferred Capital, Inc., as agent for Lenders (“Agent”), and the financial institutions a party hereto as lenders (collectively, the “Lenders” and each is a “Lender”). 

BACKGROUND 
 A.
Borrowers, Lenders, and Agent are parties to a certain Loan and Security Agreement dated as of May 18, 2011 (as amended or modified from time to time, the “Loan Agreement”). Capitalized terms used but not otherwise defined in
this Amendment shall have the meanings respectively ascribed to them in the Loan Agreement. 
 B. Borrowers have requested and Agent and
Lenders have agreed to amend the Loan Agreement in certain respects, all on the terms and conditions set forth herein. 
 NOW, THEREFORE,
the parties hereto, intending to be legally bound, hereby promise and agree as follows: 
 1. Amendments. Upon the effectiveness of
this Amendment, the Loan Agreement is amended as follows: 
 (a) Definition. The following new clause (w) is added to the
definition of “Eligible Receivables” contained in Section 1.1 of the Loan Agreement is amended and restated as follows: 

(w)    (i) Specialty Bedding Receivables with a monthly principal payment less than an amount equal to at
least 2.70% of the highest principal balance of such Receivable and (ii) Home Improvement Receivables with a monthly principal payment less than an amount equal to at least 2.0% of the highest principal balance of such Receivable. 

2. Effectiveness Conditions. This Amendment shall be effective upon the completion of the following conditions precedent (all
agreements, documents and instruments to be in form and substance satisfactory to Agent and Agent’s counsel): 
 (a) Execution and
delivery to Agent by Borrowers and Lenders of this Amendment; 
 (b) Execution and/or delivery by the parties of all other agreements,
instruments and documents reasonably requested by Agent to effectuate and implement the terms hereof and the Credit Documents. 






 3. Representations and Warranties. Borrowers represent and warrant to Agent and Lenders
that: 
 (a) All warranties and representations made to Agent and Lenders under the Loan Agreement and the Credit Documents are true and
correct in all material respects. 
 (b) The execution and delivery by Borrowers of this Amendment and the performance by Borrowers of the
transactions herein and therein contemplated (i) are and will be within Borrowers’ powers, (ii) have been authorized by all necessary organizational action, and (iii) do not and will not violate any provisions of any law, rule,
regulation, judgment, order, writ, decree, determination or award or breach any provisions of the charter, bylaws or other organizational documents of Borrowers, or constitute a default or result in the creation or imposition of any security
interest in, or lien or encumbrance upon, any assets of any Borrower (immediately or with the passage of time or with the giving of notice and passage of time, or both) under any other contract, agreement, indenture or instrument to which any
Borrower is a party or by which any Borrower or its property is bound with failure to comply resulting in a material adverse change in the business, operations, property (including the Collateral) or financial condition of Borrowers. 

(c) This Amendment and any assignment, instrument, document, or agreement executed and delivered in connection herewith will be valid, binding
and enforceable in accordance with its respective terms. 
 (d) No Event of Default or Default has occurred under the Loan Agreement or any
of the other Credit Documents. 
 4. Representations and Release of Claims. Except as otherwise specified herein, the terms and
provisions hereof shall in no manner impair, limit, restrict or otherwise affect the obligations of Borrowers or any third party to Agent and Lenders as evidenced by the Credit Documents. Borrowers hereby acknowledge, agree, and represent that
(a) as of the date of this Amendment, there are no claims or offsets against, or defenses or counterclaims to, the terms or provisions of the Credit Documents or the other obligations created or evidenced by the Credit Documents; (b) as of
the date of this Amendment, no Borrower has any claims, offsets, defenses or counterclaims arising from any of Agent’s or any existing or prior Lender’s acts or omissions with respect to the Credit Documents or Agent’s or any existing
or prior Lender’s performance under the Credit Documents; and (c) Borrowers promise to pay to the order of Agent and Lenders the indebtedness evidenced by the Notes according to the terms thereof. In consideration of the modification of
certain provisions of the Credit Documents, all as herein provided, and the other benefits received by Borrowers hereunder, Borrowers hereby RELEASE, RELINQUISH and forever DISCHARGE Agent and Lenders, and their predecessors, successors, assigns,
shareholders, principals, parents, subsidiaries, agents, officers, directors, employees, attorneys and representatives (collectively, the “Released Parties”), of and from any and all present claims, demands, actions and causes of
action of any and every kind or character, whether known or unknown, which a Borrower has or may have against Released Parties arising out of or with respect to any and all transactions relating to the Loan Agreement, the Notes, and the other Credit
Documents occurring prior to the date hereof. 
 5. Collateral. As security for the payment of the Obligations and satisfaction by
Borrowers of all covenants and undertakings contained in the Loan Agreement and the Credit 

  
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Documents, Borrowers reconfirm the prior security interest and lien on, upon and to, its Collateral, whether now owned or hereafter acquired, created or arising and wherever located. Borrowers
hereby confirm and agree that all security interests and Liens granted to Agent for the ratable benefit of Lenders continue in full force and effect and shall continue to secure the Obligations. All Collateral remains free and clear of any Liens
other than Permitted Liens. Nothing herein contained is intended to in any manner impair or limit the validity, priority and extent of Agent’s existing security interest in and Liens upon the Collateral. 

6. Acknowledgment of Indebtedness and Obligations. Borrowers hereby acknowledge and confirm that, as of the date hereof, Borrowers are
indebted to Agent and Lenders, without defense, setoff or counterclaim, under the Loan Agreement (in addition to any other indebtedness or obligations owed by Borrowers with respect to Bank Products owing to Agent and Wells Fargo Affiliates) in the
aggregate principal amount of $46,581,423.90, plus continually accruing interest and all fees, costs, and expenses, including reasonable attorneys’ fees, incurred through the date hereof. 

7. Ratification of Credit Documents. This Amendment shall be incorporated into and deemed a part of the Loan Agreement. Except as
expressly set forth herein, all of the terms and conditions of the Loan Agreement and Credit Documents are hereby ratified and confirmed and continue unchanged and in full force and effect. All references to the Loan Agreement shall mean the Loan
Agreement as modified by this Amendment. 
 8. Governing Law. This Amendment, the Loan Agreement, the Credit Documents and the
transactions contemplated hereby or thereby, and any claim, controversy, or dispute arising out of or relating to this Amendment, the Loan Agreement, the Credit Documents and the transactions contemplated hereby or thereby shall be governed by,
construed and enforced in accordance with the laws of the State of Iowa, excluding its conflict of law rules. 
 9. Counterparts.
This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, and such counterparts together shall constitute one and the same respective agreement. Signature by facsimile or PDF
shall also bind the parties hereto. 
 [SIGNATURES ON FOLLOWING PAGES] 

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

									
	BORROWERS:	 		 	DENT-A-MED INC.
					
		 		 		 	By:	 	 /s/ Clifton C. Scogin

		 		 		 	Name:	 	 Clifton C. Scogin

		 		 		 	Title:	 	 Executive Vice President

			
		 		 	HC RECOVERY, INC.
					
		 		 		 	By:	 	 /s/ Thomas W. Center

		 		 		 	Name:	 	 Thomas W. Center

		 		 		 	Title:	 	 Pres & CEO

			
	AGENT AND LENDER:	 		 	WELLS FARGO BANK, N.A.
					
		 		 		 	By:	 	 /s/ William M. Laird

		 		 		 		 	William M. Laird, Senior Vice President

  
  
  

SIGNATURE PAGE TO SEVENTH AMENDMENT 

TO LOAN AND SECURITY AGREEMENT