Document:

Exhibit 4.1.3

 

AMENDED AND RESTATED REVOLVING CREDIT NOTE

 

	
  $21,175,000

  	
   

  	
  September 3, 2008

  

 

For
value received, the undersigned, MGP Ingredients, Inc., a Kansas
corporation, and Midwest Grain Pipeline, Inc., a Kansas corporation
(collectively, the “Borrowers”), jointly and severally promise to pay to
the order of Commerce Bank, N.A., a national banking association (the “Bank”;
which term shall include any subsequent holder hereof), in lawful money of the
United States of America, the principal sum of Twenty-One Million One Hundred
Seventy-Five Thousand and 00/100 Dollars ($21,175,000.00) or, if different, the
principal amount outstanding and due the Bank under Section 2.1 of the
Credit Agreement referred to below.

 

This
Amended and Restated Revolving Credit Note (the “Note”) is a Revolving
Credit Note referred to in, is issued pursuant to, and is subject to the terms
and conditions of, the Credit Agreement, dated as of May 5, 2008, among
the Borrowers, the Banks party thereto and Commerce Bank, N.A., as the Agent,
the Issuing Bank and the Swingline Lender, as amended (as so amended and as
otherwise amended, renewed, restated, replaced, consolidated or otherwise
modified from time to time, the “Credit Agreement”).  To
the extent of any conflict between the terms and conditions of this Note and
the terms and conditions of the Credit Agreement, the terms and conditions of
the Credit Agreement shall prevail and govern. 
Capitalized terms used but not defined in this Note have the meanings
given to them in the Credit Agreement.

 

Interest
shall accrue on the outstanding principal balance of this Note as provided in
the Credit Agreement.  Principal,
interest and all other amounts, if any, payable in respect of this Note shall
be payable as provided in the Credit Agreement. 
The Borrowers’ right, if any, to prepay this Note is subject to the
terms and conditions of the Credit Agreement.

 

The
termination of the Credit Agreement or the occurrence of an Event of Default
shall entitle the Agent, at its option, to declare the then outstanding
principal balance hereof, all accrued interest thereon, and all other amounts,
if any, payable in respect of this Note to be, and the same shall thereupon
become, immediately due and payable without notice to or demand on the
Borrowers, all of which the Borrowers waive.

 

Time
is of the essence with respect to this Note. 
To the fullest extent permitted by applicable law, each Borrower, for
itself and its successors and assigns, waives presentment, demand, protest,
notice of dishonor, and any and all other notices, demands and consents in
connection with the delivery, acceptance, performance, default or enforcement
of this Note, and consents to any extensions of time, renewals, releases of any
parties to or guarantors of this Note, waivers and any other modifications that
may be granted or consented to by the Agent or the Bank from time to time in
respect of the time of payment or any other provision of this Note.

 

This Note (the “New
Note”) amends, restates and replaces, but shall not act as a novation of
the indebtedness evidenced by, the Revolving Credit Note, dated as of May 5,
2008, from the Borrowers, as makers, to the Bank, as payee, in the stated
principal amount of $15,400,000 (the “Old Note”).  All liens and security interests securing the
Old Note are hereby renewed, extended, preserved and carried forward to secure
the payment of the New Note.

 

This
Note shall be governed by the laws of the State of Missouri, without giving
effect to any choice of law rules thereof.

 

 

IN
WITNESS WHEREOF, the Borrowers have executed and delivered this Note as of the
date first above written.

 

 

	
   

  	
  MGP
  INGREDIENTS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert Zonneveld

  
	
   

  	
  Name:
  Robert Zonneveld

  
	
   

  	
  Title:
  V.P Finance & CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MIDWEST
  GRAIN PIPELINE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Robert
  Zonneveld

  
	
   

  	
  Name:
  Robert Zonneveld

  
	
   

  	
  Title:
  V.P. Finance & CFO

  

 

Revolving
Credit Note (Commerce) – Signature PageExhibit 4.1.4

 

AMENDED AND RESTATED REVOLVING CREDIT NOTE

 

	
  $16,912,500

  	
   

  	
  September 3, 2008

  

 

For
value received, the undersigned, MGP Ingredients, Inc., a Kansas
corporation, and Midwest Grain Pipeline, Inc., a Kansas corporation
(collectively, the “Borrowers”), jointly and severally promise to pay to
the order of BMO Capital Markets Financing, Inc. (the “Bank”; which
term shall include any subsequent holder hereof), in lawful money of the United
States of America, the principal sum of Sixteen Million Nine Hundred Twelve
Thousand Five Hundred and 00/100 Dollars ($16,912,500.00) or, if different, the
principal amount outstanding and due the Bank under Section 2.1 of the
Credit Agreement referred to below.

 

This
Amended and Restated Revolving Credit Note (the “Note”) is a Revolving
Credit Note referred to in, is issued pursuant to, and is subject to the terms
and conditions of, the Credit Agreement, dated as of May 5, 2008, among
the Borrowers, the Banks party thereto and Commerce Bank, N.A., as the Agent,
the Issuing Bank and the Swingline Lender, as amended (as so amended and as
otherwise amended, renewed, restated, replaced, consolidated or otherwise
modified from time to time, the “Credit Agreement”).  To
the extent of any conflict between the terms and conditions of this Note and
the terms and conditions of the Credit Agreement, the terms and conditions of
the Credit Agreement shall prevail and govern. 
Capitalized terms used but not defined in this Note have the meanings
given to them in the Credit Agreement.

 

Interest
shall accrue on the outstanding principal balance of this Note as provided in
the Credit Agreement.  Principal,
interest and all other amounts, if any, payable in respect of this Note shall
be payable as provided in the Credit Agreement. 
The Borrowers’ right, if any, to prepay this Note is subject to the
terms and conditions of the Credit Agreement.

 

The
termination of the Credit Agreement or the occurrence of an Event of Default
shall entitle the Agent, at its option, to declare the then outstanding
principal balance hereof, all accrued interest thereon, and all other amounts,
if any, payable in respect of this Note to be, and the same shall thereupon
become, immediately due and payable without notice to or demand on the
Borrowers, all of which the Borrowers waive.

 

Time
is of the essence with respect to this Note. 
To the fullest extent permitted by applicable law, each Borrower, for
itself and its successors and assigns, waives presentment, demand, protest,
notice of dishonor, and any and all other notices, demands and consents in
connection with the delivery, acceptance, performance, default or enforcement
of this Note, and consents to any extensions of time, renewals, releases of any
parties to or guarantors of this Note, waivers and any other modifications that
may be granted or consented to by the Agent or the Bank from time to time in
respect of the time of payment or any other provision of this Note.

 

This Note (the “New
Note”) amends, restates and replaces, but shall not act as a novation of
the indebtedness evidenced by, the Revolving Credit Note, dated as of May 5,
2008, from the Borrowers, as makers, to the Bank, as payee, in the stated
principal amount of $12,300,000 (the “Old Note”).  All liens and security interests securing the
Old Note are hereby renewed, extended, preserved and carried forward to secure
the payment of the New Note.

 

This
Note shall be governed by the laws of the State of Missouri, without giving
effect to any choice of law rules thereof.

 

 

IN
WITNESS WHEREOF, the Borrowers have executed and delivered this Note as of the
date first above written.

 

 

	
   

  	
  MGP
  INGREDIENTS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert Zonneveld

  
	
   

  	
  Name:
  Robert Zonneveld

  
	
   

  	
  Title:
  V.P. Finance & CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MIDWEST
  GRAIN PIPELINE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Robert
  Zonneveld

  
	
   

  	
  Name:
  Robert Zonneveld

  
	
   

  	
  Title:
  V.P. Finance & CFO

  

 

Revolving
Credit Note (BMO) – Signature PageExhibit 4.1.5

 

AMENDED AND RESTATED REVOLVING CREDIT NOTE

 

	
  $16,912,500

  	
   

  	
  September 3, 2008

  

 

For
value received, the undersigned, MGP Ingredients, Inc., a Kansas
corporation, and Midwest Grain Pipeline, Inc., a Kansas corporation
(collectively, the “Borrowers”), jointly and severally promise to pay to
the order of National City Bank, a national association (the “Bank”;
which term shall include any subsequent holder hereof), in lawful money of the
United States of America, the principal sum of Sixteen Million Nine Hundred
Twelve Thousand Five Hundred and 00/100 Dollars ($16,912,500.00) or, if
different, the principal amount outstanding and due the Bank under Section 2.1
of the Credit Agreement referred to below.

 

This
Amended and Restated Revolving Credit Note (the “Note”) is a Revolving
Credit Note referred to in, is issued pursuant to, and is subject to the terms
and conditions of, the Credit Agreement, dated as of May 5, 2008, among
the Borrowers, the Banks party thereto and Commerce Bank, N.A., as the Agent,
the Issuing Bank and the Swingline Lender, as amended (as so amended and as
otherwise amended, renewed, restated, replaced, consolidated or otherwise
modified from time to time, the “Credit Agreement”).  To
the extent of any conflict between the terms and conditions of this Note and
the terms and conditions of the Credit Agreement, the terms and conditions of
the Credit Agreement shall prevail and govern. 
Capitalized terms used but not defined in this Note have the meanings
given to them in the Credit Agreement.

 

Interest
shall accrue on the outstanding principal balance of this Note as provided in
the Credit Agreement.  Principal,
interest and all other amounts, if any, payable in respect of this Note shall
be payable as provided in the Credit Agreement. 
The Borrowers’ right, if any, to prepay this Note is subject to the
terms and conditions of the Credit Agreement.

 

The
termination of the Credit Agreement or the occurrence of an Event of Default
shall entitle the Agent, at its option, to declare the then outstanding
principal balance hereof, all accrued interest thereon, and all other amounts,
if any, payable in respect of this Note to be, and the same shall thereupon
become, immediately due and payable without notice to or demand on the
Borrowers, all of which the Borrowers waive.

 

Time
is of the essence with respect to this Note. 
To the fullest extent permitted by applicable law, each Borrower, for
itself and its successors and assigns, waives presentment, demand, protest,
notice of dishonor, and any and all other notices, demands and consents in
connection with the delivery, acceptance, performance, default or enforcement
of this Note, and consents to any extensions of time, renewals, releases of any
parties to or guarantors of this Note, waivers and any other modifications that
may be granted or consented to by the Agent or the Bank from time to time in
respect of the time of payment or any other provision of this Note.

 

This Note (the “New
Note”) amends, restates and replaces, but shall not act as a novation of
the indebtedness evidenced by, the Revolving Credit Note, dated as of May 5,
2008, from the Borrowers, as makers, to the Bank, as payee, in the stated
principal amount of $12,300,000 (the “Old Note”).  All liens and security interests securing the
Old Note are hereby renewed, extended, preserved and carried forward to secure
the payment of the New Note.

 

This
Note shall be governed by the laws of the State of Missouri, without giving
effect to any choice of law rules thereof.

 

 

IN
WITNESS WHEREOF, the Borrowers have executed and delivered this Note as of the
date first above written.

 

 

	
   

  	
  MGP
  INGREDIENTS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert Zonneveld

  
	
   

  	
  Name:
  Robert Zonneveld

  
	
   

  	
  Title:
  V.P. Finance

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MIDWEST
  GRAIN PIPELINE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Robert
  Zonneveld

  
	
   

  	
  Name:
  Robert Zonneveld

  
	
   

  	
  Title:
  V.P. Finance

  

 

Revolving
Credit Note (NCB) – Signature Page

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