Document:

Exhibit 10.1

 

FORM
OF Amendment to SECUrities purchase Agreement

 

This Amendment
to Securities purchase Agreement, dated as of April 1, 2016 (this “Amendment”), between Ekso Bionics
Holdings, Inc., a Nevada corporation (the “Company”) and the undersigned, amends that certain Securities Purchase
Agreement dated December 23, 2015, between the Company and the undersigned (the “Purchase Agreement”). Capitalized
terms used in this Amendment but not otherwise defined herein shall have the meanings ascribed to such terms in the Purchase Agreement.

 

RECITALS:

 

WHEREAS, the Purchase Agreement may be amended
only by a written instrument signed by the Company and the Purchasers holding in the aggregate at least 75% of the number of shares
of Common Stock issued or then issuable upon conversion of Preferred Stock and exercise of the Warrants (in each case without regard
to any restriction or limitation on the conversion or exercise thereof and excluding any Common Stock issued or issuable upon conversion
of the Preferred Stock or exercise of the Warrants to the extent such Common Stock, Preferred Stock or Warrants have been resold,
transferred or are otherwise no longer held by an initial Purchaser) (collectively, the “Requisite Purchasers”);
and

 

WHEREAS, the Company and the undersigned
desire to amend the Purchase Agreement to clarify the definition of Exempt Issuance.

 

NOW, THEREFORE, in consideration of the
mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the Parties hereto each agree as follows:

 

1.            Amendment to the Purchase Agreement.
The definition of “Exempt Issuance” in Section 1.1 of the Purchase Agreement is hereby amended by deleting clause (a)
in its entirety and inserting the following in lieu thereof:

 

“(a) shares of Common Stock or options to employees,
officers, directors, consultants or advisors of the Corporation pursuant to any stock or option plan duly adopted for such purpose,
by a majority of the non-employee members of the Board of Directors or a majority of the members of a committee of non-employee
directors established for such purpose, for services rendered to the Corporation (provided, that (i) any options issued to any
consultant or advisor pursuant hereto shall have an exercise price at least equal to the then applicable Conversion Price (such
options, “Qualified Advisor Options”), and (ii) a maximum of 100,000 shares of Common Stock (excluding Qualified Advisor
Options or shares issued upon exercise thereof) in the aggregate in any rolling 12 month period may be granted to all consultants
and advisors pursuant to this provision);”

 

2.            Effectiveness. This Amendment shall become
effective upon execution of this Amendment by the undersigned and the execution of substantially identical amendments by the Requisite
Purchasers.

 

    	 	 	 

     

    

 

3.            No Consideration. No
consideration has been offered or paid to any person to amend or consent to a waiver, modification, forbearance or otherwise of
any provision of any of the Transaction Documents.

 

4.            Miscellaneous. Except as expressly amended
by this Amendment, the Purchase Agreement shall remain in full force and effect and is otherwise unchanged. The Purchase Agreement
shall, together with the amendments thereto set forth in this Amendment, be read as a single document. This Amendment may be executed
in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective
when counterparts have been signed by each party and delivered to each other party, it being understood that the parties need not
sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf”
format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature
is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.

 

[Signature Page Follows]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, each of the Parties
has caused this Amendment to be executed in the manner appropriate for each, and to be dated as of the date first above written.

 

	 	EKSO
    BIONICS HOLDINGS, INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	     	 
	 	Name:	    	 
	 	Title:	    	 
	 	 	 	 
	 	 	 	 
	 	PURCHASERS:	 
	 	 	 	 
	 	[PURCHASER]	 
	 	 	 	 
	 	 	 	 
	 	By:	                	 
	 	Name:	 	 
	 	Its:	 	 

 

 

[Signature Page to Amendment to Securities Purchase Agreement]Exhibit 10.1

 

 

SENIOR
TERM LOAN

CREDIT AGREEMENT

 

dated
as of April 1, 2016

 

between

 

CVR
Partners, LP

 

as
Borrower

 

and

 

American
Entertainment Properties Corp.

 

as
Lender

 

 

     

     

    

TABLE OF CONTENTS

 

	Article I DEFINITIONS; CONSTRUCTION	1
	 	 	 
	Section 1.1	Definitions	1
	 	 	 
	Section 1.2	Other Definitional Provisions	5
	 	 	 
	Section 1.3	Accounting Terms and Principles	5
	 	 	 
	Article II AMOUNT AND TERMS OF THE LOANS	5
	 	 	 
	Section 2.1	Loan Commitment	5
	 	 	 
	Section 2.2	Borrowing Procedure	6
	 	 	 
	Section 2.3	Optional Reduction and Termination of Loan Commitment	6
	 	 	 
	Section 2.4	Repayment of Loans	6
	 	 	 
	Section 2.5	Prepayment	6
	 	 	 
	Section 2.6	Interest on Loans	6
	 	 	 
	Section 2.7	Computation of Interest	6
	 	 	 
	Section 2.8	Evidence of Debt	6
	 	 	 
	Section 2.9	Payments Generally	7
	 	 	 
	Section 2.10	Taxes	7
	 	 	 
	Article III CONDITIONS PRECEDENT TO LOANS	7
	 	 	 
	Section 3.1	Conditions to Effectiveness	7
	 	 	 
	Section 3.2	Conditions to Making of each Loan	8
	 	 	 
	Article IV REPRESENTATIONS AND WARRANTIES	8
	 	 	 
	Section 4.1	Corporate Existence; Compliance with Law	8
	 	 	 
	Section 4.2	Power; Authorization; Enforceable Obligations	8
	 	 	 
	Section 4.3	No Legal Bar	9
	 	 	 
	Section 4.4	No Material Litigation	9
	 	 	 
	Section 4.5	No Default	9
	 	 	 
	Section 4.6	Use of Proceeds	9
	 	 	 
	Article V COVENANTS	9
	 	 	 
	Section 5.1	Delivery of Financial Information	9
	 	 	 
	Section 5.2	Notice of Default	9
	 	 	 
	Section 5.3	Conduct of Business and Maintenance of Existence, etc.	9
	 	 	 
	Article VI EVENTS OF DEFAULT	10
	 	 	 
	Section 6.1	Events of Default	10
	 	 	 
	Article VII MISCELLANEOUS	11
	 	 	 
	Section 7.1	Notices	11

    i 

     

    

	Section 7.2	Waiver; Amendments	12
	 	 	 
	Section 7.3	Expenses; Indemnification	12
	 	 	 
	Section 7.4	Successors and Assigns	13
	 	 	 
	Section 7.5	Governing Law	13
	 	 	 
	Section 7.6	Counterparts; Integration	13
	 	 	 
	Section 7.7	Survival	13
	 	 	 
	Section 7.8	Severability	13

 

    ii 

     

    

TERM LOAN CREDIT AGREEMENT

 

THIS SENIOR TERM LOAN
CREDIT AGREEMENT (this “Agreement”) is made and entered into as of April 1, 2016 by and among American
Entertainment Properties Corp., a Delaware corporation (the “Lender”) and CVR Partners, LP a Delaware
limited partnership (the “Borrower”).

 

W I T N E S S E T H:

 

WHEREAS, the Borrower
has advised the Lender that it intends to acquire, indirectly through certain wholly-owned subsidiaries, all of the outstanding
equity interests in Rentech Nitrogen Partners, L.P. (the “Partnership”) and Rentech Nitrogen GP, LLC
(the “Partnership GP”), pursuant to that Agreement and Plan of Merger, dated as of August 9, 2015, among
the Borrower, Lux Merger Sub 1 LLC, Lux Merger Sub 2 LLC, the Partnership and the Partnership GP, pursuant to which each of the
Partnership and Partnership GP will become wholly-owned subsidiaries of the Borrower (the “Acquisition”).

 

WHEREAS, in connection
with the Acquisition, the Borrower has requested that the Lender commit to provide loans to the Borrower in an aggregate principal
amount of $320,000,000, which (x) will be used by the Borrower to provide funds to the Partnership to make a change of control
offer and, if applicable, a “clean-up” redemption in accordance with the Indenture, dated as of April 12, 2013, among
the Partnership, Rentech Nitrogen Finance Corporation, each of the guarantors party thereto, Wells Fargo Bank, National Association,
as trustee, and Wilmington Trust, National Association, as collateral trustee, pursuant to which the Partnership’s 6.500%
Second Lien Senior Secured Notes due 2021 (the “Second Lien Notes”) were issued or (y) will be used
by the Borrower or the Partnership to make a tender offer for the Second Lien Notes and, in each case, pay fees and expenses related
thereto.

 

WHEREAS, subject
to the terms and conditions of this Agreement, the Lender is willing to make the requested loans to the Borrower.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants herein contained, the Borrower and the Lender agree as follows:

 

Article
I

DEFINITIONS; CONSTRUCTION

 

Section 1.1           Definitions.
The following terms used herein shall have the meanings herein specified (to be equally applicable to both the singular and plural
forms of the terms defined):

 

“Affiliate”
means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries Controls, is
Controlled by or is under common Control with, the Person in question.

 

“Agreement”
shall have the meaning assigned to such term in the opening paragraph of this Agreement.

 

     

     

    

“Availability
Period” shall mean the period from and including the Closing Date to but excluding the earlier of (i) the date
that is one hundred eighty (180) days following the Closing Date and (ii) the date of termination of the Loan Commitment.

 

“Borrower Affiliate”
shall mean the Borrower and each Subsidiary thereof.

 

“Borrower”
shall have the meaning assigned to such term in the opening paragraph of this Agreement.

 

“Business Day”
shall mean a day other than a Saturday, Sunday or other day on which commercial banks in New York are authorized or required by
law to close.

 

“Capital Lease
Obligations” shall mean, with respect to any Person, the obligations of such Person to pay rent or other amounts
under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which
obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP; and,
for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such
time determined in accordance with GAAP.

 

“Closing Date”
shall have the meaning assigned to such term in Section 3.1.

 

“Code”
shall mean the United States Internal Revenue Code of 1986, as amended from time to time.

 

“Control”
means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person,
whether through ownership of voting securities, by contract or otherwise.

 

“Default”
means any of the events specified in Article VI, whether or not any requirement for the giving of notice, the lapse of time,
or both, has been satisfied.

 

“Default Interest”
shall have the meaning set forth in Section 2.6(b).

 

“Default Interest
Rate” shall mean a rate equal to the interest rate applicable to the Loans, plus an additional 2% per annum.

 

“Dollars”
and “$” shall mean the lawful currency of the United States of America.

 

“Event of Default”
shall mean any of the events specified in Article VI, provided that any requirement for the giving of notice, the lapse
of time, or both, has been satisfied.

 

“Excluded Taxes”
shall mean, with respect to the Lender, taxes imposed on or measured by its overall net income, franchise taxes, and any branch
profits or similar tax imposed on it by any jurisdiction.

 

“GAAP”
shall mean United States generally accepted accounting principles applied on a consistent basis.

 

    	 	2	 

     

    

“Governmental
Authority” shall mean any nation or government, any state or other political subdivision thereof and any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

 

“Guarantee
Obligation” shall mean as to any Person (the “guaranteeing person”), any obligation of (a) the guaranteeing
person or (b) another Person (including, without limitation, any bank under any letter of credit), if to induce the creation of
such obligation of such other Person the guaranteeing person has issued a reimbursement, counterindemnity or similar obligation,
in either case guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations (the “primary
obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly or indirectly;
provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in
the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower
of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation
is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying
such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable
are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s
maximum reasonably anticipated liability in respect thereof as determined by the Borrower in good faith.

 

“Hedge Agreements”
shall mean all interest rate or currency swaps, caps or collar agreements, foreign exchange agreements, commodity contracts or
similar arrangements entered into by the Borrower or its Subsidiaries providing for protection against fluctuations in interest
rates, currency exchange rates, commodity prices or the exchange of nominal interest obligations, either generally or under specific
contingencies.

 

“Indebtedness”
shall mean of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations
of such Person for the deferred purchase price of Property or services (other than trade payables incurred in the ordinary course
of such Person’s business), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments,
(d) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to property
or assets acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event
of default are limited to repossession or sale of such property or assets), (e) all Capital Lease Obligations of such Person, (f)
all obligations of such Person, contingent or otherwise, as an account party or applicant under acceptance, letter of credit or
similar facilities, (g) all obligations of such Person, contingent or otherwise, to purchase, redeem, retire or otherwise acquire
for value any equity interests of such Person, (h) all Guarantee Obligations of such Person in respect of obligations of the kind
referred to in clauses (a) through (g) above; (i) all obligations of the kind referred to in clauses (a) through (h) above secured
by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on property
(including, without limitation, accounts and contract rights) owned by such Person, whether or not such Person has assumed or become
liable for the payment of such obligation and (j) all obligations of such Person in respect of Hedge Agreements.

 

    	 	3	 

     

    

“Lender”
shall have the meaning assigned to such term in the opening paragraph of this Agreement.

 

“Lender Indemnitee”
shall mean Lender and each of the directors, officers, employees, agents, trustees, representatives, attorneys, consultants and
advisors of or to Lender.

 

“Lien”
shall mean any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge
or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature
whatsoever (including, without limitation, any conditional sale or other title retention agreement and any capital lease having
substantially the same economic effect as any of the foregoing).

 

“Loan”
shall have the meaning set forth in Section 2.1.

 

“Loan Commitment”
shall mean the obligation of the Lender to make Loans hereunder in an aggregate principal amount at any time outstanding not exceeding
$320,000,000.

 

“Loan Documents”
shall mean, collectively, this Agreement and each Notice of Borrowing.

 

“Material Adverse
Effect” shall mean a material adverse effect on (a) the business, assets, liabilities, operations or condition (financial
or otherwise) of the Borrower and its Subsidiaries taken as a whole, (b) the ability of the Borrower to perform its obligations
under this Agreement, or (c) the ability of the Lender to enforce this Agreement.

 

“Maturity Date”
shall mean April 1, 2018.

 

“MLP GP”
shall mean CVR GP, LLC, a Delaware limited liability company.

 

“Notice of
Borrowing” shall have the meaning set forth in Section 2.2.

 

“Obligations”
shall mean, with respect to the Borrower, the unpaid principal of and interest on (including, without limitation, interest accruing
after the maturity of the Loans of the Borrower and interest accruing after the filing of any petition in bankruptcy, or the commencement
of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition
interest is allowed in such proceeding) the Loans and all other obligations and liabilities of the Borrower to the Lender, whether
direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under,
out of, or in connection with, any Loan Document.

 

“Payment Office”
shall mean the office of the Lender located at 767 Fifth Avenue, Suite 4700, New York, NY 10153, or such other location as to which
the Lender shall have given written notice to the Borrower.

 

“Person”
shall mean an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated
association, joint venture, Governmental Authority or other entity of whatever nature.

 

    	 	4	 

     

    

“Quarterly
Payment Date” means the last Business Day of March, June, September and December.

 

“Subsidiary”
shall mean as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or
other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only
by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation,
partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through
one or more intermediaries, or both, by such Person.

 

“Taxes”
shall mean all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments,
fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto,
provided that “Taxes” shall not include Excluded Taxes.

 

Section 1.2          Other
Definitional Provisions.

 

(a)          Unless
otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in the other Loan Documents
or any certificate or other document made or delivered pursuant hereto or thereto.

 

(b)          The
words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit
references are to this Agreement unless otherwise specified.

 

(c)          The
meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

 

(d)          The
terms “Lender” shall include, without limitation, its successors.

 

Section 1.3          Accounting
Terms and Principles. Except as set forth below, all accounting terms not specifically defined herein shall be construed
in conformity with GAAP and all accounting determinations required to be made pursuant hereto shall, unless expressly otherwise
provided herein, be made in conformity with GAAP.

 

Article
II

AMOUNT AND TERMS OF THE LOANS

 

Section 2.1          Loan
Commitment.

 

(a)          Subject
to the terms and conditions set forth herein, the Lender agrees to make term loans (each, a “Loan” and,
collectively, the “Loans”) to the Borrower during the Availability Period in an aggregate principal amount
at any time outstanding not to exceed the Loan Commitment.

 

    	 	5	 

     

    

 

 

(b)          Amounts
borrowed under Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed.

 

Section 2.2         Borrowing
Procedure. The Borrower shall give the Lender written notice (or telephonic notice promptly confirmed in writing) of each
borrowing to be made by the Borrower substantially in the form of Exhibit A (a “Notice of Borrowing”), each
such Notice of Borrowing to be delivered prior to noon (Central time) one (1) Business Day before the requested date of each borrowing,
unless a shorter period is agreed by the Lender. Each Notice of Borrowing shall be irrevocable and shall specify: (i) the aggregate
principal amount of such borrowing and (ii) the date of such borrowing (which shall be a Business Day).

 

Section 2.3          Optional
Reduction and Termination of Loan Commitment. Upon one (1) Business Day’s written notice to the Lender signed by
the Borrower, the Borrower may terminate the Loan Commitment, or permanently reduce the Loan Commitment, provided that each partial
reduction of the Loan Commitment shall be in integral multiples of $1,000,000 or more (or such lesser amount as agreed by the Lender).

 

Section 2.4         Repayment
of Loans. On the Maturity Date, the Borrower shall repay any of its Loans then outstanding in full and shall additionally
pay to the Lender all other sums, if any, then owing or accrued by it under this Agreement.

 

Section 2.5          Prepayment.
Upon one (1) Business Day’s (or such shorter period agreed by the Lender) written notice from a Borrower to the Lender, the
Borrower may voluntarily prepay in whole or in part its Loans without premium or penalty.

 

Section 2.6          Interest
on Loans.

 

(a)          Each
Loan shall accrue interest at a rate equal to 12.0% per annum.

 

(b)          The
Borrower shall pay interest due and payable on its Loans in arrears on each Quarterly Payment Date.

 

(c)          While
an Event of Default exists or after acceleration of the Loans in accordance with Article VI, at the option of the Lender,
interest on the unpaid principal amount of the Loans of the Borrower (and any unpaid interest with respect thereto) will accrue
at the Default Interest Rate (the “Default Interest”). All Default Interest will be payable by the Borrower
upon demand by the Lender.

 

Section 2.7          Computation
of Interest. All computations of interest shall be made by the Lender on the basis of a year of 360 days. Each determination
by the Lender of an interest amount hereunder shall, except for manifest error, be final, conclusive and binding for all purposes.

 

Section 2.8          Evidence
of Debt. The Loans made by the Lender shall be evidenced by one or more accounts or records maintained by the Lender. The
accounts or records maintained by the Lender shall be conclusive absent manifest error of the amount of the Loans made by the Lender
to the Borrower and the interest and payments thereon. Any failure so to record or any error in doing so shall not, however, limit
or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Borrower’s Loans.

 

    	 	6	 

     

    

Section 2.9          Payments
Generally.

 

(a)          All
payments by the Borrower to the Lender hereunder shall be made to the Lender at the Payment Office in immediately available funds
without setoff or counterclaim. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment
shall be extended to the next succeeding Business Day, and, in the case of the payment accruing interest, interest thereon shall
be made payable for the period of such extension. All payments hereunder shall be made in Dollars.

 

(b)          If
on the Maturity Date, insufficient funds are received by and available to the Lender to pay fully all amounts of principal and
interest due hereunder, such funds shall be applied (i) first, towards payment of interest, and (ii) second, towards payment of
principal due hereunder.

 

Section 2.10        Taxes.
Any and all payments by the Borrower under each Loan Document shall be made free and clear of and without deduction for any and
all present or future Taxes. If any Taxes shall be required by law to be deducted from or in respect of any sum payable under any
Loan Document to the Lender, then the Borrower shall be entitled to make such deduction or withholding and shall timely pay the
full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and the sum payable by
the Borrower shall be increased as necessary so that after such deduction or withholding has been made (including such deductions
and withholdings of Taxes applicable to additional sums payable under this Section) the Lender receives an amount equal to the
sum it would have received had no such deduction or withholding been made.

 

Article
III

CONDITIONS PRECEDENT TO LOANS

 

Section 3.1          Conditions
to Effectiveness. This Agreement shall not become effective until the date (such date, the “Closing Date”)
on which each of the following conditions is satisfied (or waived in accordance with Section 7.2):

 

(a)          The
Lender shall have received a counterpart of this Agreement signed by or on behalf of the Borrower.

 

(b)          No
Default or Event of Default shall exist on the Closing Date.

 

(c)          All
representations and warranties of the Borrower set forth in the Loan Documents shall be true and correct in all material respects
on and as of the Closing Date.

 

(d)          The
closing of the Acquisition shall have occurred or shall occur substantially concurrently with the effectiveness of this Agreement.

 

    	 	7	 

     

    

Section 3.2          Conditions
to Making of each Loan. The obligations hereunder of the Lender to make each Loan are subject to the satisfaction (or waiver
in accordance with Section 7.2) of the following conditions as of the date each Loan is made:

 

(a)          The
Lender shall have received a signed Notice of Borrowing from the Borrower requesting the making of a Loan on the date specified
therein (which shall be no later than the last day of the Availability Period).

 

(b)          At
the time of and immediately after giving effect to the making of the requested Loan, no Default or Event of Default shall exist.

 

(c)          At
the time of and immediately after giving effect to the requested Loan, all representations and warranties of the Borrower set forth
in the Loan Documents shall be true and correct in all material respects on and as of such date.

 

(d)          The
conditions referred to in Clause 3.1 shall previously have been satisfied.

 

Article
IV

REPRESENTATIONS AND WARRANTIES

 

To induce the Lender to
enter into this Agreement and to make each Loan, the Borrower hereby represents and warrants to the Lender for itself that:

 

Section 4.1          Corporate
Existence; Compliance with Law. The Borrower and each of its Subsidiaries (a) is duly organized, validly existing and in
good standing under the laws of the jurisdiction of its organization, (b) has the limited liability company power and authority,
and the legal right, to own and operate its property and assets, to lease the property and assets it operates as lessee and to
conduct the business in which it is currently engaged, and (c) is in compliance with all requirements of applicable law except,
to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse
Effect.

 

Section 4.2          Power;
Authorization; Enforceable Obligations.

 

(a)          The
Borrower has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party
and to borrow hereunder. The Borrower has taken all necessary action to authorize the execution, delivery and performance of the
Loan Documents to which it is a party and, to authorize the borrowings on the terms and conditions of this Agreement.

 

(b)          No
consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person
is required to be obtained by the Borrower in connection with (i) the borrowings hereunder, (ii) the execution, delivery, validity
or enforceability of this Agreement or any of the other Loan Documents, or (iii) the performance of this Agreement or any of the
other Loan Documents, except, in each case, for routine consents, authorizations, filings and notices required to be made in the
ordinary course of business.

 

    	 	8	 

     

    

(c)          This
Agreement has been, and, upon execution, each Loan Document shall have been, duly executed and delivered on behalf of the Borrower.

 

(d)          This
Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of the
Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally
and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

 

Section 4.3          No
Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents by the Borrower, the
borrowings hereunder and the use of the proceeds thereof will not violate any applicable law or any material agreement of the Borrower
and will not result in, or require, the creation or imposition of any Lien on any of its properties or revenues pursuant to any
requirement of applicable law or any such agreement.

 

Section 4.4          No
Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is
pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any Borrower Affiliate of the Borrower,
or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions
contemplated hereby or thereby, or (b) that could reasonably be expected to have a Material Adverse Effect.

 

Section 4.5          No
Default. No Default or Event of Default has occurred and is continuing.

 

Section 4.6          Use
of Proceeds. The proceeds of each Loan shall be used solely as set forth in the second recital of this Agreement.

 

Article
V

COVENANTS

 

Section 5.1          Delivery
of Financial Information. The Borrower will deliver to the Lender such financial or other information in respect of its
business and financial status as the Lender may reasonably require including, but not limited to, copies of its unaudited quarterly
and annual financial statements.

 

Section 5.2          Notice
of Default. The Borrower shall promptly give notice to the Lender of the occurrence of any Default or Event of Default
within five (5) Business Days after the Borrower knows or has reason to know thereof.

 

Section 5.3          Conduct
of Business and Maintenance of Existence, etc. The Borrower will (a) (i) preserve, renew and keep in full force and effect
its corporate or other existence and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary
or desirable in the normal conduct of its business, to the extent that failure to do so could not reasonably be expected to have
a Material Adverse Effect; and (b) comply with all agreements and requirements of applicable law, except to the extent that failure
to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

    	 	9	 

     

    

Article
VI

EVENTS OF DEFAULT

 

Section 6.1          Events
of Default. If any of the following events shall occur and be continuing:

 

(a)          The
Borrower shall fail to pay the principal of its Loans on the date when due (including the Maturity Date) in accordance with the
terms hereof; or the Borrower shall fail to pay any interest on its Loans, or any other amount payable hereunder or under any other
Loan Document, within three (3) Business Days after any such interest or other amount becomes due in accordance with the terms
hereof or thereof; or

 

(b)          Any
representation or warranty made or deemed made by the Borrower herein or in any other Loan Document or that is contained in any
certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or
any such other Loan Document shall prove to have been inaccurate in any material respect on or as of the date made or deemed made
or furnished; or

 

(c)          The
Borrower shall default in the observance or performance of any agreement contained in this Agreement to be performed by it (other
than as provided in clause (a) of this Section 6.1), and such default shall continue unremedied for a period of 30
days after the earlier of (i) the date on which an officer of the Borrower becomes aware of such failure and (ii) the date on which
written notice thereof shall have been given to the Borrower by the Lender; or

 

(d)          (i)
The Borrower or any Borrower Affiliate shall fail to make any payment on any Indebtedness (other than the Obligations) of the Borrower
or any the Borrower Affiliate or on any Guarantee Obligation in respect of Indebtedness of any other Person, and, in each case,
such failure relates to Indebtedness having a principal amount of $25,000,000 or more, when the same becomes due and payable (whether
by scheduled maturity, required prepayment, acceleration, demand or otherwise) and the effect of such failure is to accelerate
the maturity of such Indebtedness, (ii) any other event shall occur or condition shall exist under any agreement or instrument
relating to any such Indebtedness, if the effect of such event or condition is to accelerate the maturity of such Indebtedness,
(iii) any other event shall occur or condition shall exist under any agreement or instrument relating to any such Indebtedness,
if the effect of such event or condition is to permit the acceleration of the maturity of such Indebtedness or (iv) any such Indebtedness
shall become or be declared to be due and payable, or be required to be prepaid or repurchased (other than by a regularly scheduled
required prepayment), prior to the stated maturity thereof; or

 

    	 	10	 

     

    

(e)          (i)
The Borrower shall commence any case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic
or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered
with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding
up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver,
trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or the Borrower
shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against the Borrower any case,
proceeding or other action of a nature referred to in clause (i) above that (A) results in the entry of an order for relief or
any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of sixty (60) days; or (iii)
there shall be commenced against the Borrower any case, proceeding or other action seeking issuance of a warrant of attachment,
execution, distraint or similar process against all or any substantial part of its assets that results in the entry of an order
for any such relief that shall not have been vacated, discharged, or stayed or bonded pending appeal within sixty (60) days from
the entry thereof; or (iv) the Borrower shall take any action in furtherance of, or indicating its consent to, approval of, or
acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) the Borrower shall generally not, or shall
be unable to, or shall admit in writing its inability to, pay its debts as they become due;

 

then, and in any such event, (A) if such event
is an Event of Default specified in clause (i) or (ii) of paragraph (e) above, (i) the Loan Commitment shall terminate immediately
and the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents shall
immediately become due and payable, and (B) if such event is any other Event of Default, the Lender may, by notice to the Borrower,
terminate the Loan Commitment, whereupon the Loan Commitment shall terminate immediately, and declare the Loans (with accrued interest
thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon
the same shall immediately become due and payable.

 

Article
VII

MISCELLANEOUS

 

Section 7.1          Notices.

 

(a)          Addresses
for Notices. All notices, demands, requests, consents and other communications provided for in this Agreement shall be given
in writing, and addressed to the party to be notified as follows:

 

	To the Borrower:	
        CVR Partners, LP

        2277 Plaza Drive

        Suite 500

        Sugar Land, TX 77479

        Attn: Chief Financial Officer

	 	 
	To the Lender:	
        American Entertainment Properties Corp.

        767 Fifth Avenue

        Suite 4700

        New York, NY 10153

        Attn:

 

Any party hereto may change its address, telephone
number or facsimile number for notices and other communications hereunder by notice to the other parties hereto. All such notices
and other communications shall, when transmitted by overnight delivery, or faxed, be effective when delivered for overnight (next-day)
delivery, or transmitted in legible form by facsimile machine, respectively, or if mailed, upon the third Business Day after the
date deposited into the mail or if delivered, upon delivery.

 

    	 	11	 

     

    

(b)          Effectiveness
of Notices. All notices, demands, requests, consents and other communications described in Section 7.1(a) shall be effective
(i) if delivered by hand, including any overnight courier service, upon personal delivery and (ii) if delivered by mail, when deposited
in the mails.

 

Section 7.2          Waiver;
Amendments. No amendment or waiver of any provision of this Agreement or any other Loan Document nor consent to any departure
by the Borrower therefrom shall in any event be effective unless the same shall be in writing and (x) in the case of any such waiver
or consent, signed by the Lender and (y) in the case of any other amendment, by the Lender and the Borrower, and then any such
waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.

 

Section 7.3          Expenses;
Indemnification.

 

(a)          The
Borrower shall be obligated to pay all out-of-pocket costs and expenses (including, without limitation, but not limited to the
reasonable fees, charges and disbursements of outside counsel for the Lender) incurred by the Lender in connection with the enforcement
or protection of its rights in connection with this Agreement, including its rights under this Section 7.3, including all
such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of the Loans.

 

(b)          The
Borrower shall be obligated to indemnify each Lender Indemnitee against, and hold each Lender Indemnitee harmless from, any and
all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for
any Lender Indemnitee) incurred by any Lender Indemnitee or asserted against any Lender Indemnitee by any third party or by the
Borrower arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective
obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or (ii) any actual
or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort
or any other theory, whether brought by a third party or by the Borrower, and regardless of whether any Lender Indemnitee is a
party thereto, provided that such indemnity shall not, as to any Lender Indemnitee, be available to the extent that such losses,
claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final judgment to have
resulted from the gross negligence or willful misconduct of such Lender Indemnitee or (y) result from a claim brought by the Borrower
against any Lender Indemnitee for breach in bad faith of such Lender Indemnitee’s obligations hereunder or under any other
Loan Document, if the Borrower has obtained a final judgment in their favor on such claim as determined by a court of competent
jurisdiction.

 

    	 	12	 

     

    

(c)          The
Borrower shall be obligated to pay, and hold the Lender harmless from and against, any and all present and future stamp, documentary,
and other similar taxes with respect to this Agreement and any other Loan Documents, any collateral described therein, or any payments
due thereunder, and save the Lender harmless from and against any and all liabilities with respect to or resulting from any delay
or omission to pay such taxes.

 

(d)          To
the extent permitted by applicable law, each party shall not assert, and hereby waives, any claim against any Lender Indemnitee
or the other party, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to actual
or direct damages) arising out of, in connection with or as a result of, this Agreement or any agreement or instrument contemplated
hereby, the transactions contemplated therein, the Loans or the use of proceeds thereof.

 

(e)          All
amounts due under this Section 7.3 shall be payable promptly after written demand therefor.

 

Section 7.4          Successors
and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of
its rights or obligations hereunder, and the Lender may not assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of the Borrower. Any other attempted assignment or transfer by any party hereto shall be null
and void. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, each Lender
Indemnitee) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

Section 7.5         Governing
Law. This Agreement and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted
in accordance with, the law of the State of New York.

 

Section 7.6          Counterparts;
Integration. This Agreement may be executed in any number of counterparts and by electronic means (including “pdf”)
and by different parties 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 agreement.

 

Section 7.7         Survival.
All covenants, agreements, representations and warranties made by the Borrower herein and in the certificates or other instruments
delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the Lender and shall
survive the execution and delivery of this Agreement and the making of the Loans. The provisions of Section 7.3 shall survive
and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the
Loans or the termination of this Agreement or any provision hereof.

 

Section 7.8         Severability.
Any provision of this Agreement or any other Loan Document held to be illegal, invalid or unenforceable in any jurisdiction, shall,
as to such jurisdiction, be ineffective to the extent of such illegality, invalidity or unenforceability without affecting the
legality, validity or enforceability of the remaining provisions hereof or thereof; and the illegality, invalidity or unenforceability
of a particular provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction.

 

[Signature Pages Follow]

 

    	 	13	 

     

    

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

	 	CVR PARTNERS, LP
	 	as Borrower
	 	By:  CVR GP, LLC, its general partner
	 	 
	 	By:	/s/ John J. Lipinski
	 		Name: John J. Lipinski
	 	  	Title: Executive Chairman

 

     

     

    

	 	AMERICAN ENTERTAINMENT PROPERTIES CORP.
	 	as Lender
	 	 
	 	By:	/s/ SungHwan Cho
	 	  	Name: SungHwan Cho
	 	  	Title: Chief Financial Officer

 

     

     

    

Exhibit
A

FORM OF NOTICE OF BORROWING

 

[DATE]

 

American Entertainment Properties Corp.

 

767 Fifth Avenue

Suite 4700

New York, NY 10153

Attn:

 

Dear Sirs:

 

Reference is made to that
certain Loan Agreement, dated as of April 1, 2016 (the “Loan Agreement”), by and among American Entertainment
Properties Corp., a Delaware corporation (the “Lender”) and CVR Partners, LP, a Delaware limited partnership
(the “Borrower”).

 

The Borrower hereby requests
the following Loan under the Loan Agreement, and in that connection the Borrower specifies the following information with respect
to such Loan:

 

(a)          Principal
amount of Loan: $[                  ]

 

(b)          Date
of Loan: [                  ]

 

The Borrower hereby certifies
as follows:

 

(c)          At
the time of and immediately after giving effect to the making of the requested Loan, no Default or Event of Default exists.

 

(d)          At
the time of and immediately after giving effect to the making of the requested Loan, all representations and warranties of the
Borrower set forth in the Loan Documents are true and correct in all material respects on and as of such date.

 

    	 	A-1	 

     

    

 

IN WITNESS WHEREOF,
the undersigned has caused this Notice of Borrowing to be executed on the date first written above.

 

	 	CVR PARTNERS, LP
	 	as Borrower
	 	By: CVR GP, LLC, its general partner
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-2

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