Document:

Exhibit 10.1

 

CONSENT TO CREDIT AGREEMENT

 

THIS CONSENT TO CREDIT
AGREEMENT (this "Agreement") is entered into as of December 24, 2014, by and among the Lenders identified
on the signature pages hereof, WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as administrative
agent for the Lenders (in such capacity, "Agent"), CHIQUITA BRANDS INTERNATIONAL, INC., a New Jersey corporation
("Parent"), CHIQUITA BRANDS L.L.C., a Delaware limited liability company ("Chiquita Brands"),
CHIQUITA FRESH NORTH AMERICA L.L.C., a Delaware limited liability company ("Chiquita Fresh"), FRESH
INTERNATIONAL CORP., a Delaware corporation ("Fresh International"), FRESH EXPRESS INCORPORATED, a
Delaware corporation ("Fresh Express"), B C SYSTEMS, INC., a Delaware corporation ("BC Systems"),
VERDELLI FARMS INC., a Pennsylvania corporation ("Verdelli"), TRANSFRESH CORPORATION, a Delaware
corporation ("Transfresh"), CB CONTAINERS, INC., a Delaware corporation ("CB Containers"),
and V.F. TRANSPORTATION, L.L.C., a Pennsylvania limited liability company ("VF Transportation"; together
with Chiquita Brands, Chiquita Fresh, Fresh International, Fresh Express, BC Systems, Verdelli, Transfresh and CB Containers are
referred to hereinafter each individually as a "Borrower", and individually and collectively, jointly and severally,
as the "Borrowers").

 

WHEREAS, Parent, Borrowers,
Agent, and Lenders are parties to that certain Credit Agreement dated as of February 5, 2013 (as amended, restated, supplemented
or otherwise modified from time to time, the "Credit Agreement");

 

WHEREAS, Parent and Borrowers
have informed Agent and the Lenders party hereto (which constitute Required Lenders) that Cavendish Global Limited, an England
and Wales Company ("Cavendish Parent"), Cavendish Acquisition Corporation, a New Jersey corporation and a wholly
owned direct Subsidiary of Cavendish US Corporation ("US Holdco") and wholly-owned indirect Subsidiary of Cavendish
Parent ("Merger Sub"), Parent, and the guarantors party thereto have entered into that certain Agreement and Plan
of Merger dated as of October 26, 2014 (the "Merger Agreement"), and that in connection therewith, Merger Sub
has commenced a tender offer (the "Tender Offer") to purchase all of Parent's issued and outstanding shares of
common stock at a price per share of $14.50;

 

WHEREAS, Parent and Borrowers
have informed Agent that pursuant to Section 1.4 of the Merger Agreement, Parent has granted to Merger Sub an irrevocable option
(the "Top-Up Option") to purchase (subject to the conditions set forth therein) additional shares of common stock
of Parent such that (together with the shares acquired by Merger Sub pursuant to the Tender Offer) Merger Sub would own 90% of
the total outstanding shares of common stock of Parent, and Merger Sub may acquire such additional shares of Parent from Parent
by virtue of the delivery of a promissory note bearing interest at 5% per annum issued by Merger Sub (and guarantied by Cavendish
Parent) in favor Parent in the principal amount of 100% of the purchase price of such additional shares of Parent to be acquired
by Merger Sub pursuant to the exercise of the Top-Up Option (such promissory note, the "Top-Up Note");

 

WHEREAS, Parent and Borrowers
have informed Agent that, following completion of the Tender Offer and, if applicable, the exercise of the Top-Up Option and issuance
of the Top-Up Note such that Merger Sub had acquired at least 90% of the outstanding shares of common stock of Parent, Merger Sub
would be merged with and into Parent (the "Merger"), with the Parent surviving the Merger and becoming a wholly-owned
direct Subsidiary of US Holdco and wholly-owned indirect Subsidiary of Cavendish Parent and with the shares of common stock of
Parent (other than shares held by Parent or owned directly or indirectly by Cavendish Parent) being converted into the right to
receive the Merger Consideration (as defined in the Merger Agreement); and

 

    	 

    	 

    

 

WHEREAS, both the completion
of the Tender Offer and the consummation of the Merger would constitute a Change in Control resulting in an Event of Default under
Section 8.11 of the Credit Agreement, in each case absent the prior written consent of Required Lenders, and the Merger would be
prohibited by Section 6.3(a) of the Credit Agreement absent the prior written consent of Required Lenders;

 

WHEREAS, the acceptance
of the Top-Up Note by the Parent pursuant to the Top-Up Option would constitute an Investment by Parent that is not a Permitted
Investment and accordingly would be prohibited by Section 6.9 of the Credit Agreement absent the prior written consent of Required
Lenders; and

 

WHEREAS, Parent and Borrowers
have requested that Required Lenders consent to the consummation of the Merger and the Change in Control resulting from Parent
becoming a wholly-owned direct Subsidiary of US Holdco and wholly-owned indirect Subsidiary of Cavendish Parent;

 

WHEREAS, Parent and Borrowers
have requested that Required Lenders consent to the Investment by Parent resulting from the acceptance of the Top-Up Note and the
deferral of the requirement for Parent to deliver the Top-Up Note to Agent pursuant to Section 7(a) of the Guaranty and Security
Agreement;

 

NOW THEREFORE, in consideration
of the premises and mutual agreements herein contained, the parties hereto agree as follows:

 

1.          Defined
Terms. Unless otherwise defined herein, capitalized terms used herein (including in the recitals above) shall have the meanings
ascribed to such terms in the Credit Agreement.

 

    	2

    	 

    

 

2.          Consent;
Conditions to Subsequent Revolver Usage. Subject to the satisfaction of the conditions set forth in Section 5 below,
Agent and Required Lenders hereby consent to (i) the consummation of the Tender Offer and, if applicable, exercise of the Top-Up
Option and the Change in Control resulting from Cavendish Parent and its direct and indirect wholly-owned Subsidiaries, including
Merger Sub acquiring directly or indirectly more than 50% of the combined voting Equity Interests of Parent as a result of the
consummation thereof, in each case in accordance with the terms of the Merger Agreement (such that, for the avoidance of doubt,
the occurrence of such Change in Control would not result in an Event of Default under Section 8.11 of the Credit Agreement during
the Consent Period (as defined below)) and in each case so long as the same are consummated not later than January 31, 2015, (ii)
the consummation of the Merger in accordance with the terms of the Merger Agreement (and/or a plan of merger consistent with the
terms thereof approved following the steps described above) notwithstanding the provisions of Section 6.3(a) of the Credit Agreement
to the contrary, and the Change in Control resulting from Cavendish Parent and Cavendish Holding SA (Cavendish Holding Ltd) acquiring
indirectly and US Holdco acquiring directly more than 50% of the combined voting Equity Interests of Parent as a result of the
consummation thereof (such that, for the avoidance of doubt, the occurrence of such Change in Control would not result in an Event
of Default under Section 8.11 of the Credit Agreement during the Consent Period (as defined below)) to the extent consummated not
later than January 31, 2015, (iii) the acceptance of the Top-Up Note by Parent in exchange for the Top-Up Shares in accordance
with the Merger Agreement notwithstanding the provisions of Section 6.9 of the Credit Agreement to the contrary, to the extent
issued not later than January 31, 2015, and (iv) the deferral of delivery of the Top-Up Note by Parent to Agent pursuant to Section
7(a) to the date that is forty-five (45) days following the date of the issuance of the Top-Up Note (such that Parent shall not
be in breach of Section 7(a) of the Guaranty and Security Agreement for failure to deliver the Top-Up Note to Parent in accordance
with such Section 7(a) of the Guaranty and Security Agreement so long as the Top-Up Note, if it is still outstanding, is delivered
to Agent pursuant to such Section 7(a) of the Guaranty and Security Agreement within forty-five (45) days following the date of
the issuance thereof). The parties hereto agree that the consents set forth above shall be valid solely for the period commencing
on the date of this Agreement and ending on February 28, 2015 (the "Consent Period"), it being understood and
agreed that if the Credit Agreement remains outstanding on the first day after the end of the Consent Period, any action, circumstance
or event that occurred during the Consent Period that, but for this Agreement, would have resulted in a Default or Event of Default
under the Credit Agreement will be deemed to have resulted in a Default or Event of Default, as the case may be, as of such first
day after the end of the Consent Period. Subject to the satisfaction of the conditions set forth in Section 5 below, Agent
and Required Lenders hereby also consent to the reduction of the required period of advance prior written notice to Agent to terminate
the Credit Agreement and the Commitments thereunder by repaying to Agent all of the Obligations in full from 10 Business Days prior
written notice to 3 Business Days prior written notice. In consideration of the agreements of Agent and Required Lenders set forth
above, the Borrowers hereby agree, notwithstanding anything to the contrary in the Credit Agreement, that absent the prior written
consent of Agent and Required Lenders to the contrary, Borrowers may not request (and Lenders shall not be required to make, and
Issuing Bank shall not be required to issue, as applicable) any Revolving Loans to be made or Letters of Credit to be issued under
the Credit Agreement following the date hereof to the extent that, after the making of such Revolving Loans or the issuance of
such Letters of Credit, as applicable, Excess Availability would not equal or exceed 12.5% of the Maximum Stated Revolver Amount.
The consent contained in this Section 2 is a limited consent and (a) shall only be relied
upon and used for the specific purpose set forth herein, (b) shall not constitute nor be deemed to constitute a waiver, except
as otherwise expressly set forth herein, of (i) any Event of Default (or event or circumstance that, with the passage of time,
the giving of notice, or both, would become an Event of Default) or (ii) any term or condition of the Loan Documents, (c) shall
not constitute nor be deemed to constitute a consent by the Agent or any Lender to anything other than the specific purpose set
forth herein and (d) shall not constitute a custom or course of dealing among the parties hereto.

 

3.          Consent
and Amendment No. 1. Reference is made to that certain Consent and Amendment No. 1 to Credit Agreement dated as of March 10,
2014 (the "March Consent and Amendment"). Borrower and Required Lenders hereby agree that the conditions to the
effectiveness of the amendments to the Credit Agreement set forth in Section 3 of the March Consent and Amendment shall not be
satisfied, and that from and after the date hereof Sections 2 and 3 of the March Consent and Amendment shall be of no further force
and effect.

 

    	3

    	 

    

 

4.          Continuing
Effect; Reaffirmation and Continuation. Except as expressly set forth in Sections 2 and 3 of this Agreement, nothing
in this Agreement shall constitute a modification or alteration of the terms, conditions or covenants of the Credit Agreement or
any other Loan Document, or a waiver of any other terms or provisions thereof, and the Credit Agreement and the other Loan Documents
shall remain unchanged and shall continue in full force and effect, in each case as amended hereby. Parent and each Borrower hereby
ratifies, affirms, acknowledges and agrees that as of the date hereof the Credit Agreement and the other Loan Documents represent
the valid, enforceable and collectible obligations of Parent and Borrowers, and further acknowledges that there are no existing
claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Credit Agreement or any other Loan
Document. Parent and each Borrower hereby agrees that this Agreement in no way acts as a release or relinquishment of the Liens
and rights securing payments of the Obligations. The Liens and rights securing payment of the Obligations are hereby ratified and
confirmed by Parent and each Borrower in all respects.

 

5.          Conditions
to Effectiveness. This Agreement shall become effective upon the satisfaction of each of the following conditions precedent,
each in form and substance acceptable to Agent:

 

(a)          Agent
shall have received a copy of this Agreement in form and substance acceptable to Agent executed by Parent, Borrowers, Agent and
Required Lenders; and

 

(b)          No
Default or Event of Default shall have occurred and be continuing on the date hereof or as of the date of the effectiveness of
this Agreement.

 

6.   
       Representations and Warranties. In order to induce Agent and Required
Lenders to enter into this Agreement, Parent and Borrowers hereby jointly and severally represent and warrant to Agent and
Lenders that:

 

(a)          All
representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct in all material
respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are
qualified or modified by materiality in the text thereof) on and as of the date of this Agreement, as though made on and as of
such date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations
and warranties shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable
to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such earlier
date);

 

(b)          No
Default or Event of Default has occurred and is continuing on the date of this Agreement;

 

(c)          As
of the date hereof, Parent has delivered to Agent a true, complete and correct copy of the Merger Agreement, and the execution
and delivery of the Merger Agreement and the consummation of the transactions contemplated thereby have been duly authorized by
all necessary action on the part of Parent and its Subsidiaries (other than acceptance of the Tender Offer by the requisite holders
of the Equity Interests of Parent and actions of approval which, by their terms, must occur following consummation of the Tender
Offer and, if applicable, exercise of the Top-Up Option) and, to the knowledge of Parent and Borrowers, on the part of each other
party thereto; and

 

    	4

    	 

    

 

(d)          This
Agreement, and the Credit Agreement as modified hereby, constitute legal, valid and binding obligations of Parent and each Borrower
and are enforceable against Parent and each Borrower in accordance with their respective terms, except as enforcement may be limited
by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors'
rights generally.

 

7.    
      Release.

 

(a)          In
consideration of the agreements of Agent and Required Lenders contained herein and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, each of Parent and each Borrower, on behalf of itself and its successors,
assigns, and other legal representatives (Parent, Borrowers, and all such other Persons being hereinafter referred to collectively
as the "Releasors" and individually as a "Releasor"), hereby absolutely, unconditionally and
irrevocably releases, remises and forever discharges Agent and Lenders, and their successors and assigns, and their present and
former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other
representatives (Agent, each Lender and all such other Persons being hereinafter referred to collectively as the "Releasees"
and individually as a "Releasee"), of and from all demands, actions, causes of action, suits, covenants, contracts,
controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims,
defenses, rights of set-off, demands and liabilities whatsoever (individually, a "Claim" and collectively, "Claims")
of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which any Releasor may now or
hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action,
cause or thing whatsoever which arises at any time on or prior to the day and date of this Agreement, including, without limitation,
for or on account of, or in relation to, or in any way in connection with any of the Credit Agreement, or any of the other Loan
Documents or transactions thereunder or related thereto.

 

(b)          Each
of Parent and each Borrower understands, acknowledges and agrees that the release set forth above may be pleaded as a full and
complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted,
prosecuted or attempted in breach of the provisions of such release.

 

(c)          Each
of Parent and each Borrower agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which
may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above.

 

8.     
     Miscellaneous.

 

(a)          Expenses.
Parent and Borrowers jointly and severally agree to pay on demand all Lender Group Expenses of Agent (including, without limitation,
the reasonable fees and expenses of outside counsel for Agent) in connection with the preparation, negotiation, execution, delivery
and administration of this Agreement and all other instruments or documents provided for herein or delivered or to be delivered
hereunder or in connection herewith. All obligations provided herein shall survive any termination of this Agreement and the Credit
Agreement as modified hereby.

 

    	5

    	 

    

 

(b)          Governing
Law. This Amendment shall be a contract made under and governed by the internal laws of the State of Illinois. The choice of
law and venue, and jury trial waiver provisions set forth in Section 12 of the Credit Agreement are incorporated herein by reference
and shall apply in all respects to this Agreement.

 

(c)          Counterparts.
This Agreement may be executed in any number of counterparts, and by the parties hereto on the same or separate counterparts, and
each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same Agreement. Delivery of an executed counterpart of this Agreement by facsimile or electronic mail
shall be equally effective as delivery of an original executed counterpart of this Agreement.

 

(d)          Loan
Document. The parties hereto acknowledge and agree that this Agreement is a Loan Document.

 

[signature pages
follow] 

 

    	6

    	 

    

 

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

 

	PARENT:	CHIQUITA BRANDS INTERNATIONAL, INC., a New Jersey corporation
	 	 
	 	By:	/s/ Joseph B. Johnson
	 	Name: Joseph B. Johnson
	 	Title: Vice President, Chief Accounting Officer and Treasurer

 

	BORROWERS:	CHIQUITA BRANDS L.L.C., a Delaware limited liability company
	 	 
	 	By:	/s/ Joseph B. Johnson
	 	Name: Joseph B. Johnson
	 	Title: Vice President, Chief Accounting Officer and Treasurer

 

	 	CHIQUITA FRESH NORTH AMERICA L.L.C., a Delaware limited liability company
	 	 
	 	By:	/s/ Joseph B. Johnson
	 	Name: Joseph. B. Johnson
	 	Title: Vice President, Chief Accounting Officer and Treasurer of Chiquita Brands International, Inc. and Chiquita Brands L.L.C. (a Parent Authorized Officer)

 

	 	FRESH INTERNATIONAL CORP., a Delaware corporation
	 	 
	 	By:	/s/ Joseph B. Johnson
	 	Name: Joseph B. Johnson
	 	Title: Vice President, Chief Accounting Officer and Treasurer of Chiquita Brands International, Inc. and Chiquita Brands L.L.C. (a Parent Authorized Officer)

  

    	 

    	 

    

 

	 	FRESH EXPRESS INCORPORATED, a Delaware corporation
	 	 
	 	By:	/s/ Joseph B. Johnson
	 	Name: Joseph B. Johnson
	 	Title: Vice President, Chief Accounting Officer and Treasurer of Chiquita Brands International, Inc. and Chiquita Brands L.L.C. (a Parent Authorized Officer)

 

	 	B C SYSTEMS, INC., a Delaware corporation
	 	 
	 	By:	/s/ Joseph B. Johnson
	 	Name: Joseph B. Johnson
	 	Title: Vice President, Chief Accounting Officer and Treasurer of Chiquita Brands International, Inc. and Chiquita Brands L.L.C. (a Parent Authorized Officer)

 

	 	VERDELLI FARMS INC., a Pennsylvania corporation
	 	 
	 	By:	/s/ Joseph B. Johnson
	 	Name: Joseph B. Johnson
	 	Title: Vice President, Chief Accounting Officer and Treasurer of Chiquita Brands International, Inc. and Chiquita Brands L.L.C. (a Parent Authorized Officer)

 

	 	CB CONTAINERS, INC., a Delaware corporation
	 	 
	 	By:	/s/ Joseph B. Johnson
	 	Name: Joseph B. Johnson
	 	Title: Vice President, Chief Accounting Officer and Treasurer of Chiquita Brands International, Inc. and Chiquita Brands L.L.C. (a Parent Authorized Officer)

  

    	 

    	 

    

 

	 	V.F. TRANSPORTATION, LLC, a Pennsylvania limited liability company
	 	 
	 	By: VERDELLI FARMS INC., a Pennsylvania corporation, its sole Manager
	 	 
	 	By:	/s/ Joseph B. Johnson
	 	Name: Joseph B. Johnson
	 	Title: Vice President, Chief Accounting Officer and Treasurer of Chiquita Brands International, Inc. and Chiquita Brands L.L.C. (a Parent Authorized Officer)

  

	 	TRANSFRESH CORPORATION, a Delaware corporation
	 	 
	 	By:	/s/ Joseph B. Johnson
	 	Name: Joseph B. Johnson
	 	Title: Vice President, Chief Accounting Officer and Treasurer of Chiquita Brands International, Inc. and Chiquita Brands L.L.C. (a Parent Authorized Officer)

   

    	 

    	 

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	as Agent and as a Lender
	 	 
	 	By:	/s/ Laura Nickas
	 	Name: Laura Nickas
	 	Title: Authorized Signatory

   

    	 

    	 

    

 

	 	BANK OF AMERICA, N.A., as a Lender
	 	 
	 	By:	/s/ John Olsen
	 	Name:  John Olsen
	 	Its:       Senior Vice PresidentExhibit 4.3

 

	
        NUMBER

        ________-
	 	
        (SEE REVERSE SIDE FOR LEGEND)

        THIS WARRANT WILL BE VOID
IF NOT EXERCISED PRIOR TO THE EXPIRATION DATE (DEFINED BELOW) 
	 	WARRANTS

 

HARMONY MERGER CORP.

CUSIP
413247123

WARRANT

 

THIS CERTIFIES THAT, for value received
 

 

is the registered holder of a warrant
or warrants (the “Warrant”) of Harmony Merger Corp., a Delaware corporation (the “Company”), expiring at
5:00 p.m., New York City time, on the five year anniversary of the Company’s completion of an initial merger, capital stock
exchange, asset acquisition or other similar business combination with one or more businesses or entities (a “Business Combination”),
to purchase three fourths (3/4) of one fully paid and non-assessable share of common stock, par value $.0001 per share (“Shares”),
of the Company for each Warrant evidenced by this Warrant Certificate. The Warrant entitles the holder thereof to purchase from
the Company, commencing on the later of (a) _________, 2015 [one year from the date of the final prospectus] and (b) thirty (30)
days after the Company’s completion of an initial Business Combination, such number of Shares of the Company at the Warrant
Price, upon surrender of this Warrant Certificate and payment of the Warrant Price at the office or agency of the Warrant Agent,
Continental Stock Transfer & Trust Company, but only subject to the conditions set forth herein and in the Warrant Agreement
between the Company and Continental Stock Transfer & Trust Company. In no event will the Company be required to net cash settle
any warrant exercise. The Warrant Agreement provides that upon the occurrence of certain events the Warrant Price and the number
of Shares purchasable hereunder, set forth on the face hereof, may, subject to certain conditions, be adjusted. The term Warrant
Price as used in this Warrant Certificate refers to the price per Share at which Shares may be purchased at the time the Warrant
is exercised. The initial Warrant Price per share of Common Stock for any Warrant is equal to $11.50 per full share; provided however,
that a Warrant may not be exercised for a fractional share, so that only multiples of four Warrants may be exercised at a given
time.

 

Upon any exercise of
the Warrant for less than the total number of full Shares provided for herein, there shall be issued to the registered holder hereof
or the registered holder’s assignee a new Warrant Certificate covering the number of Shares for which the Warrant has not
been exercised.

 

Warrant Certificates,
when surrendered at the office or agency of the Warrant Agent by the registered holder hereof in person or by attorney duly authorized
in writing, may be exchanged in the manner and subject to the limitations provided in the Warrant Agreement, but without payment
of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a
like number of Warrants.

 

Upon due presentment
for registration of transfer of the Warrant Certificate at the office or agency of the Warrant Agent, a new Warrant Certificate
or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee
in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for
any applicable tax or other governmental charge.

 

The Company and the
Warrant Agent may deem and treat the registered holder as the absolute owner of this Warrant Certificate (notwithstanding any notation
of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the registered
holder, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.

 

This Warrant does not
entitle the registered holder to any of the rights of a stockholder of the Company.

 

The Company reserves
the right to call the Warrant at any time prior to its exercise with a notice of call in writing to the holders of record of the
Warrant, giving at least 30 days’ notice of such call, at any time while the Warrant is exercisable, if the last sale price
of the Shares has been at least $21.00 per share on each of 20 trading days within any 30 trading day period (the “30-day
trading period”) ending on the third business day prior to the date on which notice of such call is given and if, and only
if, there is a current registration statement in effect with respect to the Shares underlying the Warrants commencing five business
days prior to the 30-day trading period and continuing each day thereafter until the date of redemption. The call price of the
Warrants is to be $.01 per Warrant. Any Warrant either not exercised or tendered back to the Company by the end of the date specified
in the notice of call shall be canceled on the books of the Company and have no further value except for the $.01 call price.

 

By

 

	 	 	 	 
	 	President	 	Secretary
	 	 	 	 

 

    	 

    	 

    

SUBSCRIPTION
FORM

To
Be Executed by the Registered Holder in Order to Exercise Warrants

 

The
undersigned Registered Holder irrevocably elects to exercise ______________ Warrants represented by this Warrant Certificate,
and to purchase the Common Stock issuable upon the exercise of such Warrants, and requests that Certificates for such shares shall
be issued in the name of

 

	(PLEASE
    TYPE OR PRINT NAME AND ADDRESS)
	 
	 

(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)

 

and be delivered
to ______________________________________________________________________

(PLEASE
PRINT OR TYPE NAME AND ADDRESS)

 

 

and,
if such number of Warrants shall not be all the Warrants evidenced by this Warrant Certificate, that a new Warrant Certificate
for the balance of such Warrants be registered in the name of, and delivered to, the Registered Holder at the address stated below:

 

	 Dated:	 	 	 
	 	 	 	(SIGNATURE)
	 	 	 	 
	 	 	 	(ADDRESS)
	 	 	 	 
	 	 	 	 
	 	 	 	(TAX
    IDENTIFICATION NUMBER)

 

ASSIGNMENT

To
Be Executed by the Registered Holder in Order to Assign Warrants

 

For
Value Received, _______________________ hereby sell, assign, and transfer unto

 

	(PLEASE
    TYPE OR PRINT NAME AND ADDRESS)
	 
	 

(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)

 

and be delivered
to ______________________________________________________________________

(PLEASE
PRINT OR TYPE NAME AND ADDRESS)

 

______________________
of the Warrants represented by this Warrant Certificate, and hereby irrevocably constitute and appoint _________________________________
Attorney to transfer this Warrant Certificate on the books of the Company, with full power of substitution in the premises.

 

	Dated:	 	 	 
	 	 	 	(SIGNATURE)

 

The
signature to the assignment of the Subscription Form must correspond to the name written upon the face of this Warrant Certificate
in every particular, without alteration or enlargement or any change whatsoever, and must be guaranteed by a commercial bank or
trust company or a member firm of the NYSE Amex, New York Stock Exchange, Pacific Stock Exchange or Chicago Stock Exchange.

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