Exhibit 10.2


 


RATIFICATION BY GUARANTOR


 


The undersigned, Meredian
Holdings Group, Inc., a Delaware corporation (“Parent”), hereby states as follows to and for the benefit of Administrative
Agent and each Lender, in each case as of the date hereof:


 


(i) acknowledges
the execution of the foregoing Amendment No. 4 to Loan and Security Agreement by each Loan Party and of each prior amendment to and consent
and waiver given in connection with the Loan Agreement, including without limitation Amendment No. One to Loan and Security Agreement,
dated as of October 2, 2020, Amendment No. Two to Loan and Security Agreement and Consent, dated as of December 22, 2020, Waiver Letter
Agreement, dated July 28, 2020, and Consent to Prepay the White Oak Facility in full, dated January 28, 2021, and Amendment No. Three
to Loan and Security Agreement dated as of March 18, 2021 (collectively, the “Amendments”), copies of which have been
reviewed by Parent;


 


(ii) ratifies
the terms and provisions of the Parent Guaranty and the Parent Pledge Agreement executed by the undersigned pursuant to the Loan Agreement;


 


(iii) confirms
that for purposes of the Parent Guaranty and the Parent Pledge Agreement, the term “Loan Agreement” includes all of the terms,
conditions and obligations of each Borrower and Guarantor set forth in the Amendments and any future amendments executed in accordance
with the terms of the Loan Agreement;


 


(iv) affirms
that (a) its obligations under Parent Guaranty and the Parent Pledge Agreement remain valid and in full force and effect in accordance
with the terms of the Parent Guaranty and the Parent Pledge Agreement, respectively, (b) no Default or Event of Default has occurred and
is continuing (or would result from the foregoing Amendments) and (c) all of Parent’s representations and warranties contained in
the Parent Guaranty and Parent Pledge Agreement and any other Loan Document to which Guarantor is a party are true and correct in all
material respects (except to the extent such representations and warranties expressly refer to an earlier or specified date, in which
case they are true and correct in all material respects as of such earlier or specified date), after giving effect to the Amendments;
and


 


(v) confirms
that (a) Administrative Agent has a first-priority perfected security interest in all the limited liability company interests owned by
Parent in Danimer Scientific Holdings, LLC, a Delaware limited liability company (“Danimer Holdings”), by possession,
assuming the continued possession by Administrative Agent of the equity certificate no. 1 evidencing 100% of the member interests in Danimer
Holdings and a limited liability company power undated and signed in blank, which was promptly delivered to Administrative Agent on behalf
of Parent, and by the filing of UCC financing statement no. 2021 2113182 filed in the office of the Secretary of State of the State of
Delaware on March 17, 2021, and (b) the limited liability company agreement of Danimer Holdings continues to contain each of the provisions
set forth in Schedule III to the Parent Pledge Agreement required on and after the Lien Creation Date pursuant to Section 4 of the Parent
Pledge Agreement.


 


Capitalized
terms used herein and not defined herein shall have the meaning given to such terms in the Loan Agreement (as defined in the foregoing
Amendment No. Four to Loan and Security Agreement).


 


Dated:
December 15, 2021


 


[Signature
on following page]


 




     


     


    


 


	 	PARENT:
	 	 	 
	 	MEREDIAN HOLDINGS GROUP, INC.
	 	 	 
	 	 	 
	 	By:	/s/ John A. Dowdy, III
	 	Name:	John A. Dowdy, III
	 	Title:	Chief Financial Officer