Document:

exv10w41

 

Exhibit 10.41

SECOND AMENDMENT

TO

SECURED SUBORDINATED PROMISSORY NOTE

DATED AS OF APRIL 9, 2004

     This Second Amendment is made as of the 2nd day of August, 2005, by and among Virbac
Corporation, a Delaware corporation, PM Resources, Inc., a Missouri
corporation, St.Jon
Laboratories, Inc., a California corporation, Francodex Laboratories, Inc., a Kansas corporation,
Delmarva Laboratories, Inc., a Virginia corporation and Virbac AH, Inc., Delaware corporation
(collectively, the “Borrowers”), and Virbac S.A., a company organized under the laws of the
Republic of France (the “Holder”) (capitalized terms used but not defined herein shall have the
meanings ascribed to such terms in that certain Secured Subordinated Promissory Note, dated April
9, 2004, in the original principal amount of $3,000,000.00 by and between the Borrowers and the
Holder (as amended, modified or restated from time to time, the “Note”)).

     WHEREAS, the parties hereto desire to amend the Note as set forth herein; and

     NOW, THEREFORE, for and in consideration of the premises and the mutual covenants and
agreements set forth herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by each of the parties hereto, the parties hereto hereby agree as
follows:

     1. The Note is hereby amended in the following respects:

     a. The Maturity Date of the Note is hereby changed to October 9,
2006. All sums owing under the Note shall be due and payable no later than
this
Maturity Date, and such date shall not be extended, except by written
agreement
of the Holder and Borrowers.

     b. The Base Rate of the Note is hereby changed to 5% per annum.

     2. Except as provided for in this Second Amendment, the Note, as
amended, shall remain in full force and effect and is hereby
reaffirmed.

     3. This Amendment shall be interpreted, construed and enforced in
accordance with the laws of the State of Delaware.

Remainder
of Page Intentionally Left Blank.

Signature Page Follows.

 

 

     IN WITNESS WHEREOF, the undersigned have executed this Amendment effective as of the
date first written above.

	 	 	 	 	 
	 	 	BORROWERS:
	 
	 	 	 	 
	 	 	VIRBAC CORPORATION
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	PM RESOURCES, INC.
	 	 	a Missouri corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	ST. JON LABORATORIES, INC.
	 	 	a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	FRANCODEX
LABORATORIES, INC.
	 	 	a Kansas corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer

 

 

	 	 	 	 	 
	 	 	DELMARVA LABORATORIES, INC.
	 	 	a Virginia corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	VIRBAC AH, INC.
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	HOLDER:
	 
	 	 	 	 
	 	 	VIRBAC S.A.
	 	 	a company organized under the laws of the
	 	 	Republic of France
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Eric Maree
	 

	 	 	 	 
	 

	 	Name:
	 	Eric Maree
	 

	 	Title:
	 	President of the Management Boardexv10w42

 

Exhibit 10.42

SECOND AMENDMENT

TO

SECURED SUBORDINATED PROMISSORY NOTE

DATED AS OF APRIL 29, 2004

     This Second Amendment is made as of the 2nd day of August, 2005, by and among Virbac
Corporation, a Delaware corporation, PM Resources, Inc., a Missouri corporation, St. Jon
Laboratories, Inc., a California corporation, Francodex Laboratories,
Inc., a Kansas corporation,
Delmarva Laboratories, Inc., a Virginia corporation and Virbac AH, Inc., Delaware corporation
(collectively, the “Borrowers”), and Virbac S.A., a company organized under the laws of the
Republic of France (the “Holder”) (capitalized terms used but not defined herein shall have the
meanings ascribed to such terms in that certain Secured Subordinated Promissory Note, dated April
29, 2004, in the original principal amount of $4,000,000.00 by and between the Borrowers and the
Holder (as amended, modified or restated from time to time, the “Note”)).

     WHEREAS, the parties hereto desire to amend the Note as set forth herein; and

     NOW, THEREFORE, for and in consideration of the premises and the mutual covenants and
agreements set forth herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by each of the parties hereto, the parties hereto hereby agree as
follows:

     1. The Note is hereby amended in the following respects:

     a. The Maturity Date of the Note is hereby changed to October 9,
2006. All sums owing under the Note shall be due and payable no later than
this
Maturity Date, and such date shall not be extended, except by written
agreement
of the Holder and Borrowers.

     b. The Base Rate of the Note is hereby changed to 5% per annum.

     2. Except as provided for in this Second Amendment, the Note, as
amended, shall remain in full force and effect and is hereby reaffirmed.

     3. This Amendment shall be interpreted, construed and enforced in
accordance with the laws of the State of Delaware.

Remainder of Page Intentionally Left Blank.

Signature Page Follows.

 

 

     IN WITNESS WHEREOF, the undersigned have executed this Amendment effective as of the
date first written above.

	 	 	 	 	 
	 	 	BORROWERS:
	 
	 	 	 	 
	 	 	VIRBAC CORPORATION
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	PM RESOURCES, INC.
	 	 	a Missouri corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	ST. JON LABORATORIES, INC.
	 	 	a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	FRANCODEX LABORATORIES, INC.
	 	 	a Kansas corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer

 

 

	 	 	 	 	 
	 	 	DELMARVA LABORATORIES, INC.
	 	 	a Virginia corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	VIRBAC AH, INC.
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	HOLDER:
	 
	 	 	 	 
	 	 	VIRBAC S.A.
	 	 	a company organized under the laws of the
	 	 	Republic of France
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Eric Maree
	 

	 	 	 	 
	 

	 	Name:
	 	Eric Maree
	 

	 	Title:
	 	President of the Management Boardexv10w43

 

Exhibit 10.43

SECOND AMENDMENT

TO

SECURED SUBORDINATED PROMISSORY NOTE

DATED
AS OF JUNE 3, 2004

     This Second Amendment is made as of the 2nd day of August, 2005, by and among Virbac
Corporation, a Delaware corporation, PM Resources, Inc., a Missouri corporation, St. Jon
Laboratories, Inc., a California corporation, Francodex Laboratories, Inc., a Kansas corporation,
Delmarva Laboratories, Inc., a Virginia corporation and Virbac AH, Inc., Delaware corporation
(collectively, the “Borrowers”), and Virbac S A., a company organized under the laws of the
Republic of France (the “Holder”) (capitalized terms used but not defined herein shall have the
meanings ascribed to such terms in that certain Secured Subordinated Promissory Note, dated June
3, 2004, in the original principal amount of $2,000,000.00 by and between the Borrowers and the
Holder (as amended, modified or restated from time to time, the “Note”)).

     WHEREAS, the parties hereto desire to amend the Note as set form herein; and

     NOW, THEREFORE, for and in consideration of the premises and me mutual covenants and
agreements set forth herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by each of the parties hereto, the parties hereto hereby agree as
follows:

     1. The Note is hereby amended in the following respects:

     a. The Maturity Date of the Note is hereby changed to April 9,
2006. All sums owing under the Note shall be due and payable no later than
this
Maturity Date, and such date shall not be extended, except by written
agreement
of the Holder and Borrowers.

     b. The Base Rate of the Note is hereby changed to 5% per annum.

     2. Except as provided for in this Second Amendment, the Note, as
amended, shall remain in full force and effect and is hereby reaffirmed

     3. This Amendment shall be interpreted, construed and enforced in
accordance with the laws of the State of Delaware.

Remainder of Page Intentionally Left Blank.

Signature Page Follows.

 

 

     IN WITNESS WHEREOF, the undersigned have executed this Amendment effective as of the
date first written above.

	 	 	 	 	 
	 	 	BORROWERS:
	 
	 	 	 	 
	 	 	VIRBAC CORPORATION
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	PM RESOURCES, INC.
	 	 	a Missouri corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	ST. JON LABORATORIES, INC.
	 	 	a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	FRANCODEX
LABORATORIES, INC.
	 	 	a Kansas corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer

 

 

	 	 	 	 	 
	 	 	DELMARVA LABORATORIES, INC.
	 	 	a Virginia corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	VIRBAC AH, INC.
	 	 	a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jean M. Nelson
	 

	 	 	 	 
	 

	 	Name:
	 	Jean M. Nelson
	 

	 	Title:
	 	Executive Vice President and Chief
	 

	 	 	 	Financial Officer
	 
	 	 	 	 
	 	 	HOLDER:
	 
	 	 	 	 
	 	 	VIRBAC S.A.
	 	 	a company organized under the laws of the
	 	 	Republic of France
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Eric Maree
	 

	 	 	 	 
	 

	 	Name:
	 	Eric Maree
	 

	 	Title:
	 	President of the Management Board

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