Document:

EX-4.2

 Exhibit 4.2 
 

 
  
 PO BOX 43004, Providence, RI 02940-3004 MR A SAMPLE DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 CUSIP XXXXXX XX X Holder ID XXXXXXXXXX Insurance Value 1,000,000.00 Number of Shares 123456
DTC 12345678 123456789012345 Certificate Numbers Num/No. Denom. Total 1234567890/1234567890 1 1 1 1234567890/1234567890 2 2 2 1234567890/1234567890 3 3 3 1234567890/1234567890 4 4 4 1234567890/1234567890 5 5 5 1234567890/1234567890 6 6 6 Total
Transaction 7 ZQ|CERT#|COY|CLS|RGSTRY|ACCT#|TRANSTYPE|RUN#|TRANS# COMMON STOCK PAR VALUE $0.001 COMMON STOCK THIS CERTIFICATE IS TRANSFERABLE IN CANTON, MA, JERSEY CITY, NJ AND COLLEGE STATION, TX Unwired PlanetTM Certificate Number ZQ00000000
UNWIRED PLANET, INC. INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE FULLY-PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK OF UNWIRED PLANET, INC. (hereinafter called the “Company”), transferable on the books of the Company in
person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby, are issued and shall be held subject to all of the provisions of the Articles of Incorporation, as
amended, and the By-Laws, as amended, of the Company (copies of which are on file with the Company and with the Transfer Agent), to all of which each holder, by acceptance hereof, assents. This Certificate is not valid unless countersigned and
registered by the Transfer Agent and Registrar. Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized officers. DATED DD-MMM-YYYY COUNTERSIGNED AND REGISTERED: COMPUTERSHARE INC. TRANSFER AGENT AND REGISTRAR,
By AUTHORIZED SIGNATURE Chief Financial Officer Chairman of the Board of Directors Shares Unwired PlanetTM *** ZERO HUNDERD THOUSAND ZERO HUNDRED AND ZERO*** 

 

 
  
 . UNWIRED
PLANET, INC. This certificate also evidences and entitles the holder hereof to certain Rights as set forth in a Shareholder Rights Agreement between Unwired Planet, Inc. and Computershare Trust Company, N.A. (or any successor thereto), as Rights
Agent, dated as of January 20, 2015 as amended, restated, renewed, supplemented or extended from time to time (the “Rights Agreement”), the terms of which are hereby incorporated herein by reference and a copy of which is on file at
the principal offices of Unwired Planet, Inc. and the stock transfer administration office of the Rights Agent. Under certain circumstances, as set forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no
longer be evidenced by this certificate. Unwired Planet, Inc. may redeem the Rights at a redemption price of $0.001 per Right, subject to adjustment, under the terms of the Rights Agreement. Unwired Planet, Inc. will mail to the holder of this
certificate a copy of the Rights Agreement, as in effect on the date of mailing, without charge promptly after receipt of a written request therefor. Under certain circumstances, Rights issued to or held by Acquiring Persons or any Affiliates or
Associates thereof (as defined in the Rights Agreement), and any subsequent holder of such Rights, may become null and void. The Rights shall not be exercisable, and shall be void so long as held, by a holder in any jurisdiction where the requisite
qualification, if any, to the issuance to such holder, or the exercise by such holder, of the Rights in such jurisdiction shall not have been obtained or be obtainable. The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian (Cust) (Minor) TEN ENT - as tenants by the entireties under Uniform
Gifts to Minors Act (State) JT TEN - as joint tenants with right of survivorship UNIF TRF MIN ACT - Custodian (until age) and not as tenants in common (Cust) under Uniform Transfers to Minors Act (Minor) (State) Additional abbreviations may also be
used though not in the above list. THE COMPANY WILL FURNISH WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO REQUESTS, A SUMMARY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK
OF THE COMPANY AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE VARIATIONS IN RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE ARTICLES OF INCORPORATION OF THE COMPANY,
AS AMENDED, AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE COMPANY, AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE SECRETARY OF THE COMPANY OR TO THE
TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE OWNER OF A LOST OR DESTROYED STOCK CERTIFICATE, OR HIS LEGAL REPRESENTATIVES, TO GIVE THE COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE MADE
AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE. PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE For value received,
            hereby sell, assign and transfer unto (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)
            Shares of the common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint
            Attorney to transfer the said stock on the books of the within-named Company with full power of substitution in the premises. Dated:
            20            Signature:             Signature:
            Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate, in every particular, without alteration or enlargement, or
any change whatever. The IRS requires that we report the cost basis of certain shares acquired after January 1, 2011. If your shares were covered by the legislation and you have sold or transferred the shares and requested a specific cost basis
calculation method, we have processed as requested. If you did not specify a cost basis calculation method, we have defaulted to the first in, first out (FIFO) method. Please visit our website or consult your tax advisor if you need additional
information about cost basis. If you do not keep in contact with us or do not have any activity in your account for the time periods specified by state law, your property could become subject to state unclaimed property laws and transferred to the
appropriate state. SECURITY INSTRUCTIONS THIS IS WATERMARKED PAPER DO NOT ACCEPT WITHOUT NOTHING WATERMARK HOLD TO LIGHT TO VERIFY WATERMARK Signature(s) Guaranteed: Medallion Guarantee Stamp THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15.glgi_ex101.htm

Exhibit 10.1

 

International Bank of Commerce

2250 E. 73rd Street, Suite 115

Tulsa, Oklahoma  74136

 

February 2, 2015

 

Greystone Logistics, Inc.

Greystone Manufacturing, L.L.C.

Greystone Real Estate, L.L.C.

1613 East 15th

Tulsa, OK 74120

Attn: Warren F. Kruger

 

 

	
  

	
Re:

	
Loan Agreement dated as of January 31, 2014, among Greystone Logistics, Inc., an Oklahoma corporation (“Greystone Logistics”), Greystone Manufacturing, L.L.C., an Oklahoma limited liability company (“Greystone Manufacturing” and, together with Greystone Logistics, the “Borrowers”), and International Bank of Commerce, a Texas state banking association (together with its successors and assigns, “Lender”), as it may be amended from time to time (as so amended, the “Loan Agreement”)

 

To Whom It May Concern:

 

This is in regard to the above-referenced Loan Agreement.  Capitalized terms used but not defined in this waiver letter have the meanings given to them in the Loan Agreement.

 

Subject to and contingent upon the execution and delivery of this waiver letter by the Borrowers, Greystone Real Estate and the other Obligors, Lender waives any Default or Event of Default arising solely from the Borrowers’ failure to maintain the Debt Service Coverage Ratio required by Section 8.3 of the Loan Agreement as of the November 30, 2014 testing date (the “Waiver”).

 

The Waiver (i) is limited precisely as provided for above and is applicable to the specific factual circumstances and the specific provisions of the Loan Documents described above, (ii) is not, and will not be deemed, a waiver of, amendment to, consent to or modification of any other term or provision of any of the other Loan Documents, and (iii) is not, and will not be deemed, a waiver of, amendment to, or consent to or modification of any other event, condition, or transaction on the part of the Borrowers or any other Person.

 

  

  

  

Greystone Logistics, Inc. 
Greystone Manufacturing, L.L.C.

February 2, 2015

Page 2

 

This waiver letter is a Loan Document executed pursuant to the Loan Agreement and must (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with the terms and provisions of the Loan Agreement.  The Loan Agreement as supplemented by this waiver letter is ratified and confirmed in all respects, and all other Loan Documents are ratified and confirmed in all respects.

 

Except as expressly provided hereby, all of the representations, warranties, terms, covenants and conditions of the Loan Agreement and the other Loan Documents remain unamended and unwaived and continue to be, and will remain, in full force and effect in accordance with their respective terms, including express limitations therein relating to the date on which such representations and warranties were made.

 

As a material inducement for the Waiver, each Borrower, Greystone Real Estate, and each other Obligor, on behalf of itself and each of its respective successors, assigns, Affiliates and Subsidiaries, and its and each of their respective members, officers, directors, employees, representatives, agents, trustees and advisors (collectively, the “Releasing Parties”), does forever release, remise, discharge, waive and acquit the Lender and its Affiliates, and each of its and its Affiliates’ respective officers, directors, representatives, partners, trustees, shareholders, agents, attorneys, fiduciaries, employees, subsidiary corporations, parent corporations and related corporate divisions, and their respective predecessors, successors, heirs and assigns (collectively, the “Released Parties”) of and from any and all actions, claims, demands, suits, liabilities, responsibilities, disputes, causes of action (whether at law or equity), damages, costs, expenses, indebtedness and obligations (collectively, “Claims”), of every type, kind, nature, description or character, direct or indirect, and irrespective of how, why or by reason of what facts, whether such Claims arose before the date hereof, are now existing or arise in the future, or that could, might, or may be claimed to exist, of whatever kind or name, whether known or unknown, suspected or unsuspected, liquidated or unliquidated, each as though fully set forth herein at length, for or because of any matter, action, omission or thing done, omitted or suffered to be done by any of the Released Parties or which in any way arise out of, are connected with or in any way relate to actions or omissions that occurred on or before the date hereof with respect to any Borrower, the Obligations, this waiver letter, the Loan Documents or any third parties liable in whole or in part for the Obligations, and agrees not to sue any Released Party in respect of such Claims.  The foregoing release is intended to be in full satisfaction of all or any alleged injuries or damages arising in connection with the Claims, may be pleaded as a full and complete defense to any action by the Releasing Parties (or any of them) against any or all of the Released Parties, and may be used as the basis for a permanent injunction against any action by the Releasing Parties (or any of them) against any or all of the Released Parties.  Each of the Borrowers, Greystone Manufacturing and the other Obligors represents and warrants to the Released Parties that none of the Releasing Party have transferred, assigned or otherwise conveyed any right, title or interest in any Claim to any other Person and that the foregoing constitutes a full and complete release of all Claims.  Each of the Releasing Parties further agrees to indemnify the Released Parties and hold each of the Released Parties harmless from and against any and all such Claims that might be brought against any of the Released Parties on behalf of any Person or entity, including, without limitation, officers, directors, agents, trustees, creditors or shareholders of any of the Releasing Parties.  For purposes of the release and waiver contained in this paragraph, any reference to any Releasing Party means and includes, as applicable, such Person’s or Persons’ successors and assigns, including, without limitation, any receiver, trustee or debtor-in-possession, acting on behalf of such parties.

 

  

  

  

Greystone Logistics, Inc.

Greystone Manufacturing, L.L.C.

February 2, 2015

Page 3

 

Please indicate your approval of the terms and provisions hereof by executing this letter in the space provided below.  This waiver letter and amendment may be executed in any number of counterparts, all of which together shall constitute a single instrument, and it shall not be necessary that any counterpart be signed by all the parties hereto.  A facsimile copy of this waiver letter and amendment and signatures thereon shall be considered for all purposes as originals.

 

[Signature Pages Attached]

 

  

  

  

 

Yours very truly,

 

INTERNATIONAL BANK OF COMMERCE, a Texas banking association

 

By:           /s/ Andrew J. Levinson       

                Andrew J. Levinson

President - Tulsa Market

 

  

Signature Page

Waiver Letter

  

 

ACCEPTED AND AGREED TO:

 

 

“BORROWERS”

 

Greystone Logistics, Inc., an Oklahoma corporation

 

By:           /s/ Warren F. Kruger                                                           

Warren F. Kruger, President/CEO

 

Greystone Manufacturing, L.L.C., an Oklahoma limited liability company

 

By:           /s/ Warren F. Kruger                                                           

Warren F. Kruger, Manager

 

“GREYSTONE REAL ESTATE”

 

Greystone Real Estate, L.L.C., an Oklahoma limited liability company

 

By:           /s/ Warren F. Kruger                                                           

Warren F. Kruger, Manager

 

“OBLIGORS”

 

/s/ Warren F. Kruger                                                                      

Warren F. Kruger

 

/s/ Robert B. Rosene, Jr.                                                                      

Robert B. Rosene, Jr.

 

Signature Page

Waiver Letter

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