Document:

EX-10.17

 Exhibit 10.17 
 AMENDMENT TO LEASE 
 THIS AMENDMENT TO LEASE (the
“Amendment”), is effective as of April 1, 2011, and is by and between THE HANKIN GROUP (“Landlord”) and FIBROCELL SCIENCE, INC., formerly known as ISOLAGEN, INC. (“Tenant”). 

BACKGROUND 
 Landlord and Tenant (then known as Isolagen, Inc.) entered into a certain lease agreement dated April 6, 2005 (the “Current Lease”) pertaining to approximately 86,500 rentable square feet
of space located at 405 Eagleview Boulevard in Eagleview Corporate Center, Route 100, Exton, Uwchlan Township, Chester County, Pennsylvania. 
 Isolagen, Inc. filed a petition in bankruptcy under Chapter 11 of the U.S. Bankruptcy Code, following which Tenant successfully reorganized and emerged from bankruptcy under the name Fibrocell Science,
Inc. Landlord and Tenant have agreed to extend the Term of the Current Lease, originally scheduled to expire March 31, 2013, until March 31, 2023, upon the terms and conditions hereinafter set forth. 

NOW THEREFORE, the parties hereto, each intending to be legally bound hereby, agree that the Current Lease is hereby amended and
modified as follows: 
 1. Extension of Term. 
 The Term of the Lease is hereby extended for a period of ten (10) years until March 31, 2023. 
 2. Option to Extend. 
 (a) Provided that Landlord has not given Tenant
notice of default more than two (2) times following the date of execution of this Amendment, and there then exists no event of default by Tenant under the Lease nor any event that with the giving of notice and/or the passage of time would
constitute an event of default, Tenant shall have the right and option to extend the Term for one (1) additional period of sixty (60) months. Tenant shall exercise this right by giving Landlord prior written notice, not sooner than fifteen
(15) nor later than twelve (12) months in advance of then scheduled expiration of the Term, of Tenant’s election to extend the Term. The parties agree that time is of the essence and that this option is personal to Tenant and is
non-transferable to any assignee or sublessee (regardless of whether any such assignment or sublease was made with or without Landlord’s consent) or other party. 
 (b) Such extension shall be under the same terms and conditions as provided in the Lease except that: (1) the Minimum Annual Rent payable by Tenant shall be at the then fair market value (and in no
event less than the Minimum Annual Rent payable during the immediately preceding Term) and (2) upon exercise of the option to extend, there shall be no further options to extend. 

  
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 (c) For the purposes of this Lease, the term “fair market value” shall mean
Landlord’s reasonable determination of fair market value of rent for office/laboratory/warehouse buildings in the Eagleview Corporate Center. Landlord shall notify Tenant in writing within thirty (30) days after Tenant’s exercise of
its option to extend as to Landlord’s determination of such fair market value rent. Tenant shall execute a lease renewal agreement in form prescribed by Landlord and reasonably acceptable to Tenant utilizing such determination of fair market
value within twenty (20) days after Tenant’s receipt of Landlord’s notice; if Tenant does not exercise its option to extend by the date set forth above, or having exercised its option, does not execute a lease renewal agreement within
the time period required above, Tenant shall be deemed to have revoked its option to extend, and the Lease shall terminate, without further options to extend, at the expiration of the then current Term. 

(d) The provisions of this Section 2 supersede in their entirety the provisions of Section 45 of the Current Lease, which is
hereby agreed to be void and of no further force and effect. 
 3. Rent. 

(a) Paragraph 3(b) of the Current Lease is hereby deleted and amended and restated to provide as follows: 

(b) For each of the lease years beginning April 1, 2011 and April 1, 2012 (the “Carryover Period”), respectively,
Minimum Annual Rent shall accrue in an amount equal to the Base Rent for Adjustment Purposes, increased by one half the CPI Adjustment, but in no event shall the Minimum Annual Rent for either such year be (1) less than the Minimum Annual Rent
in effect for the preceding year, nor (2) greater than $1,384,000.00 per year. For the purposes of this Section 3(b), the Base Rent for Adjustment Purposes for the lease year beginning April 1, 2011 is $1,194,350.40, being the Minimum
Annual Rent in effect for the prior lease year beginning April 1, 2010. Notwithstanding the foregoing, during each year of the Carryover Period, Tenant shall be permitted to pay on account of Minimum Annual Rent the sums as provided in the
schedule below (without any CPI Adjustment to such amounts in the schedule), and defer payment of the difference between Minimum Annual Rent calculated in accordance with this paragraph and Minimum Annual Rent as set forth in the schedule
(hereinafter “Deferred Rent Amount”) until the expiration of the Term of the Lease as extended by this Amendment, without the occurrence of an Event of Default by Tenant, at which time Tenant’s obligation to pay the Deferred Rent
Amount shall be excused. The parties agree that upon the occurrence of an Event of Default, the Deferred Rent Amount shall be included as part of the unpaid rent due and payable to Landlord. After the Carryover Period, during each remaining year of
the Lease, Tenant shall be permitted to pay on account of Minimum Annual Rent the sums as provided in the schedule below (without any CPI Adjustment to such amounts in the schedule). 

  
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 For the purpose of this Section 3(b), the following terms shall have the meanings
defined below: 
 (i) The “CPI U” shall mean the Consumer Price Index established by the U.S. Department of Labor
Bureau of Labor Statistics for all urban consumers for the Philadelphia metropolitan area (CPI-U) (1982-1984 = 100). 
 (ii)
The “Base Index” shall mean, for the lease year beginning April 1, 2011, the CPI U for March, 2010, and for each subsequent year, the CPI U for the month of March one year prior to the Comparison Index. 

(iii) The “Comparison Index” shall mean the CPI U for month of March immediately preceding the commencement of each lease year
beginning April 1, 2011. 
 (iv) The “CPI Adjustment” shall mean, for each year of the Term beginning
April 1, 2011, an increase in the Base Rent for Adjustment Purposes by the percentage increase in the Comparison Index over the Base Index, applicable to such year. 
 The Minimum Annual Rent schedule (the amounts in which are not subject to a CPI Adjustment) is as follows: 
  

													
	 Period
	  	 Rate per square foot
	 	  	 Minimum Annual Rent
	 	  	 Monthly Installment
	 
	 4/1/11 - 3/30/13
	  	$	12.00	  	  	$	1,038,000.00	  	  	$	86,500.00	  
	 4/1/13 - 3/31/15
	  	$	12.50	  	  	$	1,081,250.00	  	  	$	90,104.17	  
	 4/1/15 - 3/31/19
	  	$	14.50	  	  	$	1,254,250.00	  	  	$	104,520.83	  
	 4/1/19 - 3/31/23
	  	$	17.00	  	  	$	1,470,500.00	  	  	$	122,541.67	  

 (c) In addition to the Minimum Annual Rent, Tenant shall continue to pay Tenant’s Proportionate
Share of Real Estate Taxes and Operating Expenses, as well as all other items of Additional Rent on the Leased Space, determined in accordance with the terms of the Lease. 
 4. Condition of Leased Space. Tenant acknowledges and agrees that it shall occupy the Leased Space in “as is” condition. 

5. Tenant Alterations. Section 8 of the Current Lease is hereby deleted in its entirety, and the following substituted in its
place: 
 8. Tenant Alterations. 

(a) Except as hereafter provided, Tenant shall make no alterations, additions or improvements (“Tenant
Alterations”) to the Leased Space without the consent of Landlord, which consent, subject to the provisions of subsection (c) below, shall not be unreasonably withheld, delayed or conditioned. 

  
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At the time of Landlord’s consent, Landlord shall designate whether Tenant shall be required to remove the proposed Tenant Alteration upon termination of this Lease, and the absence of such
designation in Landlord’s written consent shall be deemed Landlord’s agreement that Tenant shall not be obligated to remove Tenant Alterations upon the termination of this Lease. Landlord also may impose such reasonable conditions as part
of its consent as Landlord deems appropriate, taking into consideration the nature of the proposed Tenant Alteration, including, without limitation, requiring Tenant to furnish Landlord with security for the payment of all costs to be incurred in
connection with such work, and, if Eagleview Commercial Construction Company (“Contractor”) declines to perform such work, insurance, and copies of the plans, specifications and permits necessary for such work. Nothing herein, however,
shall be construed to obligate Tenant to construct any Tenant Alteration for which Landlord has given its consent. 
 (b) Subject to Tenant’s compliance with the provisions of subsection (c) below, Landlord’s consent shall not be required for Tenant Alterations which (i) do not adversely impact the
structural integrity of the Building or the systems serving the Building or their operation, and (ii) are not visible from the Building exterior. 
 (c) All Tenant Alterations shall be done at Tenant’s expense by Contractor, on the basis of a contract between Tenant and Contractor where the contract price is based upon the Cost of the Work plus a
contractor’s fee, in which the term “Cost of the Work” shall be defined by reference to the definition of such term as used in the then current edition of the AIA Contract for Construction, and the fee shall be, with respect to any
Tenant Alterations which are for laboratory improvements, 8% of the Cost of the Work, and for any other Tenant Alterations, 12% of the Cost of the Work. The contract between Tenant and Contractor shall be on an “open book” basis, and all
subcontracts for more than $25,000.00 shall be subject to competitive bidding. Such contract shall also require the Contractor to maintain a reasonable schedule for the performance of Tenant Alterations. Payment for Tenant Alterations by Tenant to
Contractor shall be no less frequently than monthly, and shall be pursuant to invoices for completed work or materials properly stored on site. No Tenant Alterations shall be performed by any contractor other than Contractor, unless Contractor
declines to perform the proposed Tenant Alterations (“Permitted Outside Contractor Alterations”), provided that Tenant shall not use a contractor to which Landlord objects in good faith. With respect to Permitted Outside Contractor
Alterations, no work shall be performed until the plans therefore have been approved by Landlord, which approval shall not be unreasonably withheld, delayed or conditioned and shall be deemed approved unless Landlord notifies Tenant of objections to
the proposed plans within ten (10) business days after delivery to Landlord of a complete set of the plans therefor, and until Tenant provides to Landlord the evidence of insurance and security for payment for such work as referenced in
subsection (a) above. In connection with the review of plans submitted by Tenant, Landlord shall be reimbursed by Tenant for Landlord’s cost in reviewing such plans at the 

  
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rate of $125.00 per hour; subject to reasonable increase to reflect the then current hourly charge imposed for such review by Landlord for its tenants in the Center generally, and prior to
undertaking any such review, Landlord shall provide a statement of the maximum review hours to be dedicated to such review. With respect to Permitted Outside Contractor Alterations, Tenant shall provide Landlord with a copy of Tenant’s
application for a building permit therefor, if applicable (together with all attachments thereto), and no review fee shall be charged to Tenant by Landlord in connection therewith nor shall Landlord’s approval of such application be required.
Tenant shall provide copies of as-built plans and specifications for all Permitted Outside Contractor Alterations to Landlord within a reasonable time of completion of the work. All Permitted Outside Contractor Alterations shall be done in a first
class, workmanlike manner and shall comply with all insurance requirements then made available to Tenant and all applicable laws, ordinances, rules and regulations of governmental authorities having jurisdiction thereover, and, where applicable,
with all reasonable requirements of Landlord. Tenant shall promptly pay for all work done by contractors performing Permitted Outside Contractor Alterations, and obtain and deliver to Landlord partial releases of lien for all work covered by
invoices paid by or on behalf of Tenant for such work executed by all contractors, subcontractors and other persons entitled to file mechanic’s liens for non-payment, and final releases of mechanic’s liens upon completion of such work.

 (d) If, as a condition of Landlord’s consent, removal of a Tenant Alteration is required at termination
of this Lease, Tenant shall promptly remove such Tenant Alterations and repair any damage occasioned by such removal. In default thereof, Landlord may effect said removal and repairs at Tenant’s expense. With respect to any Tenant Alterations
which Tenant is not obligated to remove hereunder (including without limitation Permitted Outside Contractor Alterations), such Tenant Alterations, if not removed by Tenant upon the termination of this Lease, shall be deemed abandoned by Tenant, and
deemed a part of Landlord’s property, notwithstanding any provision of Section 16 to the contrary. 

(e) Landlord’s consent shall not be required for Tenant Alterations which (i) do not adversely impact the
structural integrity of the Building or the systems serving the Building or their operation, (ii) are not visible from the Building exterior and (iii) qualify under the following: 

(A) The Tenant Alteration is to be made to portions of the Leased Premises other than the laboratory areas and the cost
thereof is $10,000 or less with respect to any Tenant Alteration project (or $20,000 or less in the aggregate with respect to Tenant Alteration projects undertaken over any twelve (12) consecutive month period); or 

(B) The Tenant Alteration is to be made to the laboratory areas of the Leased Premises and the cost thereof is $50,000 or
less with respect to any Tenant Alteration project (or $100,000 or less in the aggregate with respect to Tenant Alteration projects undertaken over any twelve (12) consecutive month period). 

  
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 Tenant Alterations described in this subsection (e) for which
Landlord’s consent is not required hereinafter are called “Permitted Tenant Alterations.” Notwithstanding the foregoing, painting or carpeting of the interior of the Leased Space and like cosmetic improvements shall not be deemed
Tenant Alterations regardless of the cost thereof. Tenant shall not be obligated to remove Permitted Tenant Alterations upon the termination of this Lease unless an Event of Default has occurred which is then continuing and Landlord so requires such
removal. For the purpose of this subsection (e), in calculating the “cost” of any Tenant Alteration project to determine if any proposed Tenant Alteration is a “Permitted Tenant Alteration”, “cost” shall mean the
Landlord’s good faith estimate of the entire cost of the Tenant Alteration project or projects under consideration, including all permit fees, design and engineering costs, general conditions, and the cost of all work to be performed by all
trade contractors to furnish and install materials needed to complete such project, and a reasonable fee to a general contractor or construction manager for overhead and profit. 

5. Section 23 of the Lease is hereby deleted, and the following substituted in its place: 

23. CONFESSION OF JUDGMENT: 
 UPON AN EVENT OF DEFAULT, TENANT HEREBY AUTHORIZES AND EMPOWERS ANY PROTHONOTARY OR ATTORNEY OF ANY COURT OF RECORD TO APPEAR FOR TENANT IN ANY AND ALL ACTIONS FOR RENT IN ARREARS OR TREATED AS IF IN
ARREARS AND CHARGES, WHETHER OR NOT PAYABLE AS RENT, AND TO CONFESS JUDGMENT AGAINST TENANT FOR ALL ARREARS OR SUCH SUMS TREATED AS IF IN ARREARS AND THE SAID CHARGES, AND FOR INTEREST AND COSTS, TOGETHER WITH AN ATTORNEY’S COMMISSION OF TEN
PER CENT (10%) OF THE AGGREGATE OF THE FOREGOING SUMS AND CHARGES. SUCH AUTHORITY SHALL NOT BE EXHAUSTED BY ONE EXERCISE THEREOF, BUT JUDGMENT MAY BE CONFESSED FROM TIME TO TIME AS OFTEN AS ANY RENT IN ARREARS OR RENT TREATED AS IF IN ARREARS
OR CHARGES FALL DUE AND ARE NOT PAID. SUCH POWERS MAY BE EXERCISED DURING AS WELL AS AFTER THE EXPIRATION OR TERMINATION OF THE TERM AND DURING, AND AT ANY TIME, AFTER ANY EXTENSION OR RENEWAL OF THE TERM. 

WHEN THE LEASE SHALL BE TERMINATED BY COVENANT OR CONDITION BROKEN, EITHER DURING THE ORIGINAL TERM OR 

  
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ANY RENEWALS OR EXTENSIONS THEREOF, AND ALSO WHEN AND AFTER THE TERM HEREBY CREATED OR, ANY RENEWAL OR EXTENSION THEREOF SHALL HAVE EXPIRED, IT SHALL BE LAWFUL FOR ANY ATTORNEY OF ANY COURT OF
RECORD AS ATTORNEY FOR TENANT TO CONFESS JUDGMENT IN EJECTMENT AGAINST TENANT AND ALL PERSONS CLAIMING UNDER TENANT, AND A JUDGMENT FOR THE RECOVERY BY LANDLORD OF POSSESSION MAY ISSUE FORTHWITH WITHOUT ANY PRIOR WRIT OR PROCEEDINGS WHATSOEVER. IF
FOR ANY REASON AFTER SUCH ACTION SHALL HAVE BEEN COMMENCED, IT SHALL BE CANCELED OR SUSPENDED AND POSSESSION OF THE LEASED SPACE REMAINS IN OR IS RESTORED TO TENANT, LANDLORD SHALL HAVE THE RIGHT UPON ANY SUBSEQUENT DEFAULT OR TERMINATION OF THE
LEASE, OR ANY RENEWAL OR EXTENSION HEREOF, TO BRING ONE OR MORE ACTIONS IN CONFESSION OF JUDGMENT FOR EJECTMENT AS HEREINBEFORE SET FORTH TO RECOVER POSSESSION OF THE LEASED SPACE. IF IN ANY ACTION TO CONFESS JUDGMENT IN EJECTMENT, LANDLORD SHALL
CAUSE TO BE FILED IN SUCH ACTION AN AFFIDAVIT SETTING FORTH THE FACTS NECESSARY TO AUTHORIZE THE ENTRY OF JUDGMENT AND IF A TRUE COPY OF THIS INSTRUMENT (AND THE TRUTH OF THE COPY STATED IN SUCH AFFIDAVIT SHALL BE SUFFICIENT PROOF) BE FILED IN SUCH
ACTION, IT SHALL NOT BE NECESSARY TO FILE THE ORIGINAL AS A WARRANT OF ATTORNEY, ANY LAW, RULE OF COURT, CUSTOM OR PRACTICE TO THE CONTRARY NOTWITHSTANDING. TENANT EXPRESSLY RELEASES TO LANDLORD, AND TO ANY AND ALL ATTORNEYS WHO MAY APPEAR FOR
TENANT, ALL ERRORS IN THE SAID PROCEEDINGS, AND ALL LIABILITY THEREFOR. TENANT EXPRESSLY WAIVES THE BENEFIT OF ALL LAWS, NOW OR HEREAFTER IN FORCE, EXEMPTING ANY GOODS WITHIN THE LEASED SPACE OR ELSEWHERE FROM DISTRAINT, LEVY OR SALE.

 FIBROCELL SCIENCE, INC. 
 By: s/s Declan Daly 
 6. Brokers. 

Tenant represents and warrants to Landlord that Tenant has not dealt with any broker, firm, company or person in connection with the
negotiation for or the obtaining of this Amendment, other than Newmark, Knight, Frank, Smith, Mack, whose commission shall be paid by Landlord pursuant to a separate agreement between Landlord and such broker, and each party shall indemnify, defend
and hold harmless the other from and against any claim by any other person claiming a commission or other 

  
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form of compensation by virtue of having dealt with such party with regard to this Lease, and any attorneys fees or other expenses incurred by the other party in connection therewith. 

7. Miscellaneous. 
 (a) All capitalized terms not defined herein shall have the same meaning as the Current Lease. From and after the date hereof, except to the extent that the context otherwise requires, the term
“Lease” shall mean the Current Lease as modified by this Amendment. 
 (b) Except as expressly modified hereby, the
terms and conditions of the Current Lease remain unmodified and in full force and effect, which the parties hereby ratify and confirm. In the event of a conflict between the terms of the Current Lease and this Amendment, the latter shall control.

 (c) The terms and conditions of the Current Lease, as amended hereby, constitutes the whole agreement between the parties and
any further amendments or modifications to the terms of the Current Lease must be in writing and duly executed by the parties hereto. 
 (d) This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs and assigns, except as specifically provided herein or in the Current Lease, and is
not intended to benefit any person or entity not a party hereto. 
 (e) This Amendment shall be construed under the laws of the
Commonwealth of Pennsylvania without regard to conflicts of laws principles. 
 (f) This Amendment may be executed in any number
of counterparts, each of which shall be deemed an original and all of which counterparts together shall constitute one and the same instrument. It shall not be necessary for all parties to execute the same counterpart, so long as each party shall
have executed at least one counterpart, but in this latter event, each party shall have delivered to it photocopies of counterparts showing signatures of all of the parties. 
 (g) This Amendment, together with the Current Lease, constitutes the entire agreement of Landlord and Tenant with respect to the subject matter hereof, and may not be contradicted by any prior or
contemporaneous representation, statement or agreement of the parties relating to the subject matter hereof, and may not be modified except by a written instrument executed by the parties hereto. 

THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK 

  
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 IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment this
17th day of February, 2012, effective as of April 1,
2011. 
  

							
		 		 	LANDLORD:
			
		 		 	THE HANKIN GROUP, a Pennsylvania limited partnership
				
		 		 	By:	 	The Hankin Group, Inc., its general partner
				
		 		 	BY:	 	 /s/ Robert S. Hankin

		 		 		 	Robert S. Hankin, President

  

							
		 		 	 TENANT:
  

FIBROCELL SCIENCE, INC.

				
	WITNESS/ATTEST:	 		 	BY:	 	 /s/ Declan Daly

				
	 /s/ Sue White
	 		 	NAME:	 	Declan Daly
		 		 	TITLE:	 	Chief Financial Officer
				
		 		 	DATE:	 	February 17, 2012

  
 9Ninth Amendment to Amended and Restated Credit Agreement

 Exhibit 10.1 
 NINTH AMENDMENT TO 
 AMENDED AND RESTATED CREDIT AGREEMENT 

This NINTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (“Amendment”) is entered into effective as of
March 29, 2012 (the “Effective Date”), among NORTHWEST PIPE COMPANY, an Oregon corporation (the “Borrower”), and BANK OF AMERICA, N.A., as Administrative Agent (the “Administrative
Agent”). 
 RECITALS 
 The Borrower, Administrative Agent and certain lenders party thereto from time to time are parties to that certain Amended and Restated Credit Agreement entered into as of May 31, 2007 (as amended,
modified or supplemented from time to time, the “Credit Agreement”). The Borrower and Administrative Agent desire to amend the Credit Agreement as set forth herein. The Required Lenders (as that term is defined in the Credit
Agreement), and Bank of America, N.A., as Swing Line Lender and L/C Issuer, have consented to the amendments to the Credit Agreement set forth herein as indicated by their signatures below. 

NOW THEREFORE, the parties agree as follows: 
 AGREEMENT 
 1. Recitals. The Recitals are true. 

2. Definitions. Capitalized terms used herein and not otherwise defined shall have the meanings given in the Credit
Agreement. 
 3. Amendment to Section 1.01 of the Credit Agreement. The following definitions in
Section 1.01 of the Credit Agreement are hereby amended and restated in their entireties to read as follows: 
 “Aggregate Commitments” means the Commitments of all the Lenders. As of March 29, 2012, the amount of the Aggregate Commitments is $115,000,000. 

“Asset Coverage Ratio” means the ratio of (a) the sum of (i) 85% of Eligible Accounts
Receivable, plus (ii) 60% of Eligible Inventory to (b) Consolidated Total Debt. All of the foregoing shall be determined by Administrative Agent upon receipt and review of all collateral reports required in the Loan Documents and
such other documents and collateral information as Administrative Agent may from time to time require. This ratio shall be calculated at the end of each fiscal quarter of the Borrower. 

“Maturity Date” means April 30, 2013; provided, however, that if such date is not a
Business Day, the Maturity Date shall be the next preceding Business Day. 
 “Required Lenders”
means, as of any date of determination, at least two Lenders having at least 80% of the Aggregate Commitments or, if the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated
pursuant to Section 8.02, at least two Lenders holding in the aggregate at least 80% of the Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line
Loans being deemed “held” by such Lender for purposes of this definition); provided that the Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of
making a determination of Required Lenders. 

  
 Page 1 – NINTH AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT 

 4. Amendment to Section 6.17 of the Credit Agreement. A new paragraph
(f) is hereby added to the end of Section 6.17 of the Credit Agreement, to read in its entirety as follows: 
 (f) Minimum Consolidated EBITDA. The Borrower shall maintain a minimum Consolidated EBITDA for each period of four fiscal quarters (commencing with the four fiscal quarter period ending
March 31, 2012) equal to or greater than $42,000,000. 
 5. Amendment to Section 8.01 of the Credit
Agreement. A new paragraph (n) is hereby added to the end of Section 8.01 of the Credit Agreement, to read in its entirety as follows: 
 (n) Consolidated EBITDA for the four fiscal quarter period ending on December 31, 2011 (as calculated based on the Borrower’s audited financial statements for the fiscal year ended
December 31, 2011) is less than $42,000,000. 
 6. Amendment to Schedule 2.01 to the Credit Agreement.
Schedule 2.01 to the Credit Agreement is amended in its entirety by substituting Schedule 2.01 attached hereto as Exhibit A for Schedule 2.01 attached to the Credit Agreement. 

7. Certain Letters of Credit; Release of Cash Collateral. The parties hereto acknowledge and agree that the following
standby Letters of Credit have expiry dates beyond the Maturity Date (prior to giving effect to this Amendment) and that such Letters of Credit have been Cash Collateralized: (i) SLC 00000003081359 P and (ii) SLC 00000003102298 P. Upon
receipt of the audited financial statements of the Borrower for the fiscal year ending December 31, 2011 and provided that no Default then exists, the Cash Collateral securing such Letters of Credit (and any other Letters of Credit that Cash
Collateralized as of the date hereof solely by the operation of subclause (B) of Section 2.03(g)(i) of the Credit Agreement) shall be released. 
 8. Waiver. The Required Lenders hereby waive any non-compliance by the Loan Parties to date with covenants set forth in Sections 6.01, 6.02 and 6.03(d) of the Credit Agreement and the
financial covenants set forth in Section 6.17 of the Credit Agreement (each as in effect prior to this Amendment) solely to the extent resulting from the restatement of the Borrower’s financial statements for the fiscal years ending
December 31 of each of 2009 and 2010. The waiver is limited solely to the waiver specifically provided in the preceding sentence, and nothing contained in this Amendment shall be deemed to constitute a waiver of any other rights or remedies the
Administrative Agent or any Lender may have under the Credit Agreement or any other Loan Documents or under applicable Law and nothing herein shall modify or affect the obligations of the Loan Parties to comply with each and every duty, term,
condition or covenant contained in the Credit Agreement and the other Loan Documents from and after the date hereof. 
 9.
Conditions Precedent. This Amendment shall become effective upon satisfaction of the following conditions precedent: 
 (a) Execution of Counterparts of Amendment. The Administrative Agent shall have received counterparts of this Amendment, which collectively shall have been duly executed on behalf of each of the
Borrower, the Required Lenders and the Administrative Agent. 
 (b) Opinions of Counsel. The
Administrative Agent shall have received favorable opinions of legal counsel to the Borrower, addressed to the Administrative Agent and each Lender, dated as of the date hereof, and in form and substance satisfactory to the Administrative Agent.

  
 Page 2 – NINTH AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT 

 (c) Organization Documents, Resolutions, Etc. The Administrative
Agent shall have received the following, in form and substance satisfactory to the Administrative Agent: 
 (i) certificates of
Responsible Officers of the Borrower certifying that the Organization Documents of the Borrower delivered to the Administrative Agent on the Closing Date have not been amended, supplemented or otherwise modified and remain in full force and effect
as of the date hereof, or, if such Organization Documents have been amended, supplemented or otherwise modified, attaching certified copies of the Organization Documents; 
 (ii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of the Borrower as the Administrative Agent may require evidencing the
identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment and the other Loan Documents; and 

(iii) such documents and certifications as the Administrative Agent may reasonably require to evidence that the Borrower is duly organized
or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation. 
 (d) Amendment Fee. Upon the Effective Date, the Borrower shall pay to Administrative Agent, for the account of each Lender consenting hereto, an amendment fee equal to 0.125% of such Lender’s
Commitment. 
 10. Release. As a material part of the consideration of Administrative Agent entering into, and the
Required Lenders consenting to, this Amendment, the Borrower hereby releases and forever discharges Administrative Agent, the Lenders and each of their respective successors, assigns, officers, managers, directors, shareholders, employees, agents,
attorneys, representatives, parent corporations, subsidiaries, and affiliates (all the foregoing, collectively, the “Releasees” and individually, a “Releasee”), jointly and severally from any and all claims,
counterclaims, demands, damages, debts, agreements, covenants, suits, contracts, obligations, liabilities, accounts, offsets, rights, actions and causes of action of any nature whatsoever, including all claims, demands, and causes of action for
contribution and indemnity, whether arising at law or in equity, whether presently possessed or possessed in the future, whether known or unknown, whether liability be direct or indirect, liquidated or unliquidated, whether presently accrued or to
accrue hereafter, whether absolute or contingent, foreseen or unforeseen, and whether or not heretofore asserted, which the Borrower may have or claim to have against Releasees (or any one or more of them); provided, however, that
neither Administrative Agent nor any Lender nor any other Releasee shall be released hereby from: (i) any obligation to pay to the Borrower any amounts that the Borrower may have on deposit with Administrative Agent or any Lender, in accordance
with applicable laws and the terms of the documents establishing any such deposit relationship; or (ii) any claim (including without limitation any claim for breach of the Credit Agreement or other Loan Document) arising from any action,
inaction or conduct of Administrative Agent or the Lenders or the other Releasees after the Effective Date. 
 11. No
Further Amendment, Expenses. Except as expressly modified by this Amendment, the Credit Agreement and the other Loan Documents shall remain unmodified in full force and effect and the parties hereby ratify their respective obligations
thereunder. Without limiting the foregoing, the Borrower expressly reaffirms and ratifies its obligation to pay or reimburse Administrative Agent and Lenders on request for all reasonable expenses, including legal fees actually incurred by
Administrative Agent and Lenders in connection with the preparation of this Amendment and any other amendment documents. 

  
 Page 3 – NINTH AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT 

 12. Miscellaneous. 

(a) Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an original, and all of which taken together shall constitute one and the same Amendment, it being understood that the Administrative Agent may rely on a facsimile
counterpart signature page hereof for purpose of determining whether a party hereto has executed a counterpart hereof. 
 (b) Governing Law. This Amendment and the other agreements provided for herein and the rights and obligations of the parties hereto and thereto shall be construed and interpreted in accordance with
the laws of the State of Oregon. 
 (c) Certain Agreements Not Enforceable. UNDER OREGON LAW, MOST
AGREEMENTS, PROMISES AND COMMITMENTS MADE BY THE LENDERS CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS
CONSIDERATION, AND BE SIGNED BY THE LENDERS TO BE ENFORCEABLE. 
 [Signatures appear on the following page.] 

  
 Page 4 – NINTH AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT 

 EXECUTED AND DELIVERED by the duly authorized officers of the parties as of the date
first above written. 
  

							
	 BORROWER:
	 		 	NORTHWEST PIPE COMPANY
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

		 		 		 	
			
	 ADMINISTRATIVE AGENT:
	 		 	 BANK OF AMERICA, N.A., as Administrative Agent

				
		 		 	 By:
	 	  

		 		 	 Name:
	 	  

		 		 	 Title:
	 	  

			
	 LENDERS:
	 		 	 BANK OF AMERICA, N.A.

				
		 		 	 By:
	 	  

		 		 	 Name:
	 	  

		 		 	 Title:
	 	  

  
 Page 5 – NINTH AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT 

									
		 		 	UNION BANK, N.A., (f/k/a Union Bank of California, N.A.)
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	HSBC BANK USA, NATIONAL ASSOCIATION
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	U.S. BANK NATIONAL ASSOCIATION
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

				
	 SWING LINE LENDER AND L/C ISSUER:
	 		 		 	
			
		 		 	BANK OF AMERICA, N.A., as Swing Line Lender and L/C Issuer
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

  
 Page 6 – NINTH AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT 

 EXHIBIT A 
 SCHEDULE 2.01 
 COMMITMENTS 

AND APPLICABLE PERCENTAGES 
  

									
	 Lender
	  	Commitment	 	  	Applicable
Percentage	 
	 Bank of America, N.A.
	  	$	50,000,000.00	  	  	 	43.478260870	% 
			
	 Union Bank, N.A.
	  	$	26,666,666.68	  	  	 	23.188405809	% 
			
	 HSBC Bank USA,
	  				  			
	 National Association
	  	$	19,166,666.66	  	  	 	16.666666661	% 
			
	 U.S. Bank, National Association
	  	$	19,166,666.66	  	  	 	16.666666661	% 
			
	 Total
	  	$	115,000,000	  	  	 	100%	  

  
 Page 7 – NINTH AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}]]