Document:

First Amendment to Second Amended and Restated Credit Agreement

 Exhibit 10.1 
 Execution Version 
  
  
  
 FIRST AMENDMENT 
 TO 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 dated as of 
 September 22, 2009 
 among 
 GOODRICH PETROLEUM COMPANY, L.L.C., 
 as Borrower, 
 BNP PARIBAS,

 as Administrative Agent, 
 and 
 The Lenders Party Hereto 
  
  
  

 FIRST AMENDMENT TO THE SECOND 
 AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO THE SECOND
AMENDED AND RESTATED CREDIT AGREEMENT (this “First Amendment”) dated as of September 22, 2009, is among GOODRICH PETROLEUM COMPANY, L.L.C., a Louisiana limited liability company (“Borrower”); each of
the undersigned Guarantors (collectively, the “Guarantors”); BNP PARIBAS, as administrative agent (in such capacity, together with its successors in such capacity, “Administrative Agent”) for the lenders
party to the Credit Agreement referred to below (collectively, the “Lenders”); and the undersigned Lenders. 
 R E C I
T A L S 
 A. Borrower, Administrative Agent and the Lenders are parties to that certain Second Amended and Restated Credit Agreement
dated as of May 5, 2009 (as amended, the “Credit Agreement”), pursuant to which the Lenders have made certain loans to and other extensions of credit on behalf of Borrower. 
 B. The Borrower has informed the Administrative Agent that the Parent Guarantor desires to issue up to $350,000,000 of convertible unsecured notes the
proceeds of which are to be used to (i) repay in full the Second Lien Obligations, (ii) redeem all or a portion of the existing Convertible Notes, (iii) purchase an equity call option if certain conditions are met, and (iv) for
other general corporate purposes. 
 C. The Borrower has requested, and the Administrative Agent and the Lenders have agreed to amend the
Credit Agreement to allow the matters set forth in Recital B. 
 D. The Borrower, the Administrative Agent and the Lenders desire to amend
certain dates for the delivery of Reserve Reports. 
 E. NOW, THEREFORE, in consideration of the premises and the mutual covenants herein
contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Defined Terms. Each capitalized term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement. Unless otherwise indicated, all article and section
references in this First Amendment refer to articles and sections of the Credit Agreement. 
 Section 2. Amendments to
Credit Agreement. 
 2.1 Definitions. 
 (a) Section 1.1 is hereby amended by amending and restating or adding the following definitions: 
 “‘2029 Convertible Notes’ means the up to $350,000,000 aggregate principal amount of Convertible Senior Notes due 2029 issued by the
Parent Guarantor. 

 ‘Agreement’ means this Second Amended and Restated Credit Agreement, as amended by the
First Amendment to the Second Amended and Restated Credit Agreement, dated September 22, 2009, as the same may from time to time be amended, amended and restated, supplemented or otherwise modified. 
 ‘First Amendment Effective Date’ means September 22, 2009. 
 ‘Permitted Refinancing Debt’ means Debt (for purposes of this definition, “new Debt”) incurred in exchange for, or
proceeds of which are used to refinance, all or any portion of the Convertible Notes ; provided that (a) such new Debt (other than the 2029 Convertible Notes) is in an aggregate principal amount not in excess of the sum of (i) the
then outstanding principal amount of the Convertible Notes (prior to any exchange, redemption or refinancing thereof with the new Debt) and (ii) $100,000,000; (b) such new Debt has a stated maturity no earlier than July 1, 2013;
(c) such new Debt does not have a stated interest rate in excess of 15% per annum; (d) such new Debt does not contain any covenants which are more onerous to the Parent Guarantor and the Borrower than those imposed by this Agreement
and (e) such new Debt (and any guarantees thereof) is (i) unsecured and (ii) subordinated in right of payment to the Indebtedness (or, if applicable, the Guaranty Agreement) to at least the same extent as the Refinanced Debt and is
otherwise subordinated on terms substantially reasonably satisfactory to the Administrative Agent. 
 ‘Total Debt’ means, at
any date, all Debt of the Parent Guarantor and the Consolidated Subsidiaries on a consolidated basis, excluding (a) non-cash obligations under FAS 133 and (b) accounts payable and other accrued liabilities (for the deferred purchase price
of Property or services) from time to time incurred in the ordinary course of business which are not greater than 60 days past the date of invoice or delinquent or which are being contested in good faith by appropriate action and for which adequate
reserves have been maintained in accordance with GAAP. The term “Total Debt” specifically excludes the obligations of the Parent Guarantor under the Convertible Notes and the 2029 Convertible Notes, provided such exclusion shall not
exceed $175,000,000 in the aggregate at any time.” 
 2.2 Section 8.12(a). Section 8.12(a) is hereby amended and
restated in its entirety as follows: 
 “(a) On or before March 1st and September 1st of each year, commencing March 1,
2010, the Parent Guarantor shall furnish to the Administrative Agent and the Lenders a Reserve Report evaluating the Oil 

  

 2 

 
and Gas Properties of the Borrower as of the immediately preceding January 1st and July 1st. The Reserve Report as of January 1 of each year
shall be prepared by one or more Approved Petroleum Engineers, and the July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and
accurate and to have been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report.” 
 2.3 Section 8.16. Section 8.16 is hereby amended and restated in its entirety as follows: 
 “Section 8.16
Redemption of Convertible Notes. For purposes of extending the Maturity Date as provided for in the definition thereof, the Parent Guarantor and the Borrower, upon receipt of the net cash proceeds received from (a) the sale of the 2029
Convertible Notes in excess of $200,000,000, (b) any incurrence or issuance of Permitted Refinancing Debt and (c) any sale of Equity Interests of the Parent Guarantor (other than Disqualified Capital Stock), shall either (y) redeem
Convertible Notes in an amount equal to such proceeds or (z) deposit such proceeds in an aggregate amount sufficient to prepay all of the then outstanding Convertible Notes on December 1, 2011 and expenses associated therewith into an
escrow account acceptable to the Administrative Agent which is subject to a deposit account control agreement acceptable to the Administrative Agent granting the Administrative Agent a first priority perfected lien in such proceeds; provided
however, the net cash proceeds from the sale of the 2029 Convertible Notes need only be applied in accordance with the foregoing clauses (y) or (z) to the extent such net cash proceeds exceed $200,000,000 in the aggregate.”

 2.4 Section 9.02. Section 9.02 is hereby amended by adding the following subsection (k) thereto: 
 “(k) The 2029 Convertible Notes.” 
 2.5 Section 9.04(a). Section 9.04(a) is hereby amended and restated in its entirety as follows: 
 “(a)
Restricted Payments. The Parent Guarantor and Borrower will not declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, return any capital to its stockholders or make any distribution of its Property to its
Equity Interests holders; provided, however, that, so long as no Default, Event of Default or Borrowing Base Deficiency exists or would result therefrom (i) the Parent Guarantor and Borrower may declare, make or pay (A) Restricted Payments
with respect to its Equity Interests payable solely in additional shares of its Equity Interests (other than Disqualified Capital Stock) or (B) Restricted Payments made with respect to any Convertible Notes or 2029 Convertible 

  

 3 

 
Notes in accordance with the provisions of Section 9.04(c) or Section 9.04(d), (ii) the Parent Guarantor may make Restricted Payments pursuant
to and in accordance with stock option plans or other benefit plans for management or employees of the Parent Guarantor and the Subsidiaries, (iii) the Parent Guarantor may make required payments, in cash or in Equity Interests of the Parent
Guarantor, on the Convertible Notes and the 2029 Convertible Notes, (iv) the Parent Guarantor may pay regularly scheduled dividends, in cash, on the Existing Preferred Stock, and (v) the Parent Guarantor may purchase an equity call option
on its Equity Interests provided that (A) such equity call option is purchased with the proceeds from the 2029 Convertible Notes, (B) the purchase price of such equity call option does not exceed 10% of the net proceeds received by the
Parent Guarantor from the issuance of the 2029 Convertible Notes, and (C) such equity call option is purchased within 15 Business Days of receipt of the proceeds from the issuance of the 2029 Convertible Notes.” 
 2.6 Section 9.04(c). Section 9.04(c) is hereby amended and restated in its entirety as follows: 
 “(c) Redemption of Convertible Notes. The Parent Guarantor and Borrower will not prior to the date that is 91 days after the Maturity Date:
call, make or offer to make any optional or voluntary Redemption of or otherwise optionally or voluntarily Redeem (whether in whole or in part) the Convertible Notes; provided that, subject to the terms of Section 8.16, the Parent
Guarantor or the Borrower may make such a Redemption with the proceeds of (i) the sale of any 2029 Convertible Notes, (ii) any Permitted Refinancing Debt or (iii) the net cash proceeds of any sale of Equity Interests (other than
Disqualified Capital Stock) if (y) no Default or Event of Default has occurred and is continuing and (z) after giving pro forma effect to any such Redemption, there is unfunded availability of not less than $25,000,000 under this
Agreement.” 
 2.7 Section 9.04. Section 9.04 is hereby amended by adding the following subsection (d) thereto:

 “(d) Redemption of 2029 Convertible Notes. The Parent Guarantor and Borrower will not prior to the date that is 91 days after
the Maturity Date: call, make or offer to make any optional or voluntary Redemption of or otherwise optionally or voluntarily Redeem (whether in whole or in part) the 2029 Convertible Notes; provided that, the Parent Guarantor or the Borrower
may make such a Redemption with the proceeds of any Permitted Refinancing Debt or the net cash proceeds of any sale of Equity Interests (other than Disqualified Capital Stock) if (i) no Default or Event of Default has occurred and is continuing
and (ii) after giving pro forma effect to any such Redemption, there is unfunded availability of not less than $25,000,000 under this Agreement.” 
  

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 Section 3. Conditions Precedent. This First Amendment shall not become effective until the
date on which each of the following conditions is satisfied (or waived in accordance with Section 12.02 of the Credit Agreement) (the “Effective Date”): 
 3.1 The Administrative Agent shall have received from the Majority Lenders, Borrower and the Guarantors, counterparts (in such number as may be requested
by Administrative Agent) of this First Amendment signed on behalf of such Persons. 
 3.2 No Default shall have occurred and be continuing,
after giving effect to the terms of this First Amendment. 
 3.3 The Administrative Agent shall have received such other documents as
Administrative Agent or special counsel to Administrative Agent may reasonably request. 
 Section 4. Miscellaneous. 

4.1 Confirmation. The provisions of the Credit Agreement, as amended by this First Amendment, shall remain in full force and effect following
the effectiveness of this First Amendment. 
 4.2 Ratification and Affirmation; Representations and Warranties. Borrower and each
Guarantor hereby (a) acknowledges the terms of this First Amendment; (b) ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Loan Document to which it is a party and agrees
that each Loan Document to which it is a party remains in full force and effect, except as expressly amended or modified hereby, notwithstanding the amendments and modifications contained herein and (c) represents and warrants to the Lenders
that as of the date hereof, after giving effect to the terms of this First Amendment: (i) all of the representations and warranties contained in each Loan Document to which it is a party are true and correct, except to the extent any such
representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct as of such specified earlier date, (ii) no Default has occurred and is continuing
and (iii) since December 31, 2008, there has been no event, development or circumstance that has had or could reasonably be expected to have a Material Adverse Event. 
 4.3 Loan Document. This First Amendment is a “Loan Document” as defined and described in the Credit Agreement and all of the terms and
provisions of the Credit Agreement relating to Loan Documents shall apply hereto. 
 4.4 Counterparts. This First Amendment may be
executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this First Amendment by facsimile transmission
shall be effective as delivery of a manually executed counterpart hereof. 
 4.5 NO ORAL AGREEMENT. THIS FIRST AMENDMENT, THE CREDIT
AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES.
THERE ARE NO SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES. 
  

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 4.6 GOVERNING LAW. THIS FIRST AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND
ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. 
 [SIGNATURES BEGIN NEXT PAGE]

  

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 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed as of the
date first written above. 
  

					
	BORROWER:	 	GOODRICH PETROLEUM COMPANY, L.L.C.
			
		 	By:	 	 /s/ David R. Looney

		 	Name:	 	David R. Looney
		 	Title:	 	Executive Vice President & Chief Financial Officer
		
	GUARANTOR:	 	GOODRICH PETROLEUM CORPORATION
			
		 	By:	 	 /s/ David R. Looney

		 	Name:	 	David R. Looney
		 	Title:	 	Executive Vice President & Chief Financial Officer

  

 S-1 

					
	ADMINISTRATIVE AGENT:	 	BNP PARIBAS, as a Lender and as Administrative Agent
			
		 	By:	 	 /s/ Betsy Jocher

		 	Name:	 	Betsy Jocher
		 	Title:	 	Director
			
		 	By:	 	 /s/ Polly Schott

		 	Name:	 	Polly Schott
		 	Title:	 	Director

  

 S-2 

					
	LENDER:	 	BANK OF MONTREAL, as Lender
			
		 	By:	 	 /s/ Gumaro Tijerina

		 	Name:	 	Gumaro Tijerina
		 	Title:	 	Director

  

 S-3 

					
	LENDER:	 	COMPASS BANK, as Lender
			
		 	By:	 	 /s/ Dorothy Marchland

		 	Name:	 	Dorothy Marchland
		 	Title:	 	Senior Vice President

  

 S-4 

					
	LENDER:	 	JP MORGAN CHASE BANK, NA, as Lender
			
		 	By:	 	 /s/ Michael A. Kamauf

		 	Name:	 	Michael A. Kamauf
		 	Title:	 	Vice President

  

 S-5 

					
	LENDER:	 	BANK OF AMERICA, N.A., as a Lender
			
		 	By:	 	 /s/ Jeffrey H. Rathkamp

		 	Name:	 	Jeffrey H. Rathkamp
		 	Title:	 	Managing Director

  

 S-6Separation Agreement and General Release of Claims

 Exhibit 10.37 
 SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS 
 This Separation Agreement and General Release of
Claims (“Agreement”) is entered into by and between Alvin McCurdy (“Former Employee”) and Natural Alternatives International, Inc., a Delaware corporation (“Company”). 
 RECITALS 
 A. Former Employee’s
employment with the Company terminated effective on June 30, 2009 (“Date of Termination”). 
 B. Former Employee and Company
desire to settle and compromise any and all possible claims between them arising out of their relationship to date, including Former Employee’s employment with the Company, and the termination of Former Employee’s employment with the
Company, and to provide for a general release of any and all claims relating to Former Employee’s employment and its termination. In particular, and without limiting the generality of the foregoing, Former Employee and Company are each parties
to an Employment Agreement dated November 20, 2006, as amended June 28, 2008 (the “Employment Agreement”), and desire to settle and compromise any and all claims of Former Employee pursuant to the Employment Agreement.

 NOW, THEREFORE, incorporating the above recitals, and for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows: 
 AGREEMENT 
 1. Separation Payment by Company. In consideration of Former Employee’s promises and covenants contained in this Agreement: 
 (a) The Company agrees to pay Former Employee the gross sum of fifty-six thousand two hundred fifty and zero/100 dollars ($56,250.00),
less all applicable withholdings and deductions, which amount represents a severance benefit in the amount of three (3) months’ base salary. Twenty-eight thousand one hundred twenty-five and zero/100 dollars ($28,125.00) of such severance
benefit will be paid by the Company to Former Employee within ten (10) business days after the Effective Date (as hereinafter defined) and the balance of the severance benefit will be paid by the Company to Former Employee on a bi-weekly basis
over the three (3) month period following the Effective Date, with the first such payment to be processed with the next regularly scheduled Company payroll after the Effective Date. Former Employee acknowledges and agrees he has received
payment for all unused, accrued vacation pay, as well as all salary to which he was entitled through the Date of Termination, less all applicable withholdings and deductions. 
 (b) Former Employee shall be entitled to receive continuing group health insurance coverage pursuant to COBRA and, should Former Employee
elect to continue group health insurance coverage pursuant to COBRA, the Company will, following the Effective Date, pay the premiums for such continuation coverage for a period of three (3) months in the amount of one thousand nine hundred
three and sixty-three/100 dollars ($1,903.63) per month for a total of five thousand seven hundred one and eighty-nine/100 dollars ($5,701.89). 

 (c) Former Employee acknowledges and agrees that (i) the amounts set forth above
represent additional payments to Former Employee, over and above all compensation (including salary, wages, bonuses, or benefits) to which Former Employee would otherwise be entitled due to Former Employee’s employment with the Company and but
for Former Employee’s execution of this Agreement, Former Employee would not otherwise be entitled to such payments; and (ii) the payments set forth in Sections 1(a) and 1(b) represent the total consideration due to Former Employee from
the Company under this Agreement. 
 2. Release. 
 (a) Former Employee does hereby unconditionally, irrevocably and absolutely release and forever discharge the Company, and its
subsidiaries and affiliates, and its and their respective past and present directors, officers, employees, representatives, agents, attorneys, stockholders, insurers, successors and/or assigns (hereinafter individually a “Released Party”
and collectively, the “Released Parties”), from any and all losses, liabilities, claims, demands, causes of action, or suits of any type, whether in law and/or in equity, related directly or indirectly or in any way in connection with any
transaction, affairs or occurrences between them to date, including, but not limited to, Former Employee’s employment with the Company and the termination of said employment. Former Employee agrees and understands the release given by Former
Employee to the Released Parties in this Agreement applies, without limitation, to all wage claims, tort and/or contract claims, common law claims, claims for wrongful termination and/or retaliatory discharge, and claims arising under the Age
Discrimination in Employment Act, the Older Workers’ Benefit Protection Act, the Civil Rights Act of 1964 (Title VII), the Civil Rights Act of 1991, Section 1981, the Americans with Disabilities Act, the Rehabilitation Act of 1973, the
Equal Pay Act, the California Fair Employment and Housing Act, the Unruh and Ralph Civil Rights Act, the Fair Labor Standards Act, the Worker Adjustment and Retraining Notification Act, the Family and Medical Leave Act, the Employee Retirement and
Income Security Act, the California Labor Code, the California Worker Adjustment and Retraining Notification Act, all as amended, any and all federal, state or local laws, regulations, statutes or ordinances governing discrimination and/or
harassment in employment, and the California Business and Professions Code. This release does not extend to any matters that may not be released in this manner as a matter of law. 
 (b) Former Employee warrants, represents, acknowledges and agrees that Former Employee has not filed or otherwise cooperated in the
authorization of the filing of any complaints, charges, or lawsuits against any Released Party with any governmental agency or court. If such a complaint, charge or lawsuit has been filed on Former Employee’s behalf or is filed in the future,
Former Employee hereby waives, releases and discharges any right to recover thereunder from any Released Party. 
  

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 3. Confidentiality. 
 (a) Former Employee agrees that all matters relative to this Agreement shall remain confidential. Accordingly, Former Employee hereby
agrees that Former Employee shall not discuss, disclose or reveal to any other persons, entities or organizations, whether within or outside of the Company, with the exception of Former Employee’s legal counsel, financial, tax and business
advisors, and such other persons as may be reasonably necessary for the management of the Former Employee’s affairs, the terms, amounts and conditions of settlement and of this Agreement. Notwithstanding the above, Former Employee acknowledges
that Company may be required to disclose certain terms, aspects or conditions of this Agreement and/or Former Employee’s termination of employment in Company’s public filings made with the United States Securities and Exchange Commission
and Former Employee hereby expressly consents to any such required disclosures. 
 (b) Former Employee shall not make, issue,
disseminate, publish, print or announce any news release, public statement or announcement with respect to these matters, or any aspect thereof, the reasons therefore and the terms or amounts of this Agreement. 
 4. Return of Documents and Equipment. Former Employee represents that Former Employee has returned to the Company all Company Property (as such
term is defined in that certain Confidential Information and Invention Assignment Agreement, Covenant of Exclusivity and Covenant Not To Compete by and between Former Employee and Company). In the event Former Employee has not returned all Company
Property, Former Employee agrees to reimburse the Company for any reasonable expenses it incurs in an effort to have such property returned. These reasonable expenses include attorneys’ fees and costs. 
 5. Civil Code Section 1542 Waiver. 
 (a) Former Employee expressly accepts and assumes the risk that if facts with respect to matters covered by this Agreement are found hereafter to be other than or different from the facts now believed or assumed to be
true, this Agreement shall nevertheless remain effective. It is understood and agreed that this Agreement shall constitute a general release and shall be effective as a full and final accord and satisfaction and as a bar to all actions, causes of
action, costs, expenses, attorneys’ fees, damages, claims and liabilities whatsoever, whether or not now known, suspected, claimed or concealed pertaining to the released claims. Former Employee acknowledges that Former Employee is familiar
with California Civil Code §1542, which provides and reads as follows: 
 “A general release does not extend to claims which the
creditor does not know of or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” 
 (b) Former Employee expressly waives and relinquishes any and all rights or benefits which Former Employee may have under, or which may be
conferred upon Former Employee by the provisions of California Civil Code §1542, as well as any other similar state or federal statute or common law principle, to the fullest extent that Former Employee may lawfully waive such rights or
benefits pertaining to the released claims. 
  

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 6. Right to Consult Legal Counsel; Review Period. 
 (a) Former Employee is aware of and acknowledges the following: (i) Former Employee has the right, at Former Employee’s expense,
to consult with an attorney before signing this Agreement, has been advised in writing to do so, and has done so to the extent desired; (ii) Former Employee has twenty-one (21) days from the date of Former Employee’s receipt of this
Agreement to review and consider this Agreement, and Former Employee may use as much of this twenty-one (21) day period as Former Employee wishes before signing; (iii) for a period of seven (7) days following the execution of this
Agreement, Former Employee may revoke this Agreement by delivering a written notice specifically stating Former Employee’s desire to revoke this Agreement to the Company c/o Ken Wolf, Natural Alternatives International, Inc., 1185 Linda Vista
Drive, San Marcos, California 92078, which notice must be received by the Company not later than midnight on the seventh day following execution of this Agreement by Former Employee, and this Agreement shall not become effective or enforceable until
the revocation period has expired; and (iv) this Agreement shall become effective eight (8) days after it is signed by Former Employee and the Company (provided it is not revoked), and in the event the parties do not sign on the same date,
this Agreement shall become effective at 12:01 a.m. on the eighth day after the date it is signed by Former Employee (“Effective Date”). Former Employee shall, promptly upon signing this Agreement, deliver the executed original of the
Agreement to the Company to the attention of Ken Wolf. 
 (b) In the event Former Employee elects to execute this Agreement
before the end of the twenty-one (21) day review period provided to Former Employee and thereby waive the remainder of the twenty-one (21) day review period, Former Employee does so knowingly and voluntarily, and Former Employee
acknowledges and represents that the Company has not in any way coerced Former Employee to do so or otherwise threatened to withdraw or alter the Company’s offer of severance pay set forth in this Agreement before the expiration of such
twenty-one (21) day period. 
 7. Entire Agreement. The parties declare and represent that, with the exception of the Mutual
Agreement to Mediate and Arbitrate Claims and the Confidential Information and Invention Assignment Agreement, Covenant of Exclusivity and Covenant Not to Compete each entered into by and between the Company and Former Employee effective as of
November 20, 2006 (collectively, the “Prior Agreements”), no promise, inducement or agreement not herein expressed has been made to them and that this Agreement, together with the Prior Agreements, contain the entire agreement between
and among the parties with respect to the subject matter hereof, and that the terms of this Agreement are contractual and not a mere recital. This Agreement supersedes any and all other agreements, either oral or in writing, between the parties with
respect to the subject matter hereof with the exception of the Prior Agreements. 
 8. Applicable Law. This Agreement is entered into
in the State of California. The validity, interpretation, and performance of this Agreement shall be construed and interpreted according to the laws of the State of California. 
  

 - 4 - 

 9. Agreement as Defense. This Agreement may be pleaded as a full and complete defense and may be
used as the basis for an injunction against any action, suit or proceeding which may be prosecuted, instituted or attempted by either party in breach thereof. 
 10. Severability. If any provision of this Agreement, or part thereof, is held invalid, void or voidable as against public policy or otherwise, the invalidity shall not affect other provisions, or parts
thereof, which may be given effect without the invalid provision or part. To this extent, the provisions, and parts thereof, of this Agreement are declared to be severable. 
 11. No Admission of Liability. It is understood that this Agreement is not an admission of any liability by any person, firm, association or
corporation. 
 12. Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original copy of
this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. The exchange of copies of this Agreement and of signature pages by facsimile transmission shall constitute effective execution and
delivery of this Agreement as to the parties and may be used in lieu of the original Agreement for all purposes. Signatures of the parties transmitted by facsimile shall be deemed to be their original signatures for all purposes. 
 13. Representation of No Assignment. The parties represent and warrant that they have not heretofore assigned, transferred, subrogated or
purported to assign, transfer or subrogate any claim released herein to any person or entity. 
 14. Cooperation. The parties hereto
agree that, for their respective selves, heirs, executors and assigns, they will abide by this Agreement, the terms of which are meant to be contractual, and further agree that they will do such acts and prepare, execute and deliver such documents
as may reasonably be required in order to carry out the objectives of this Agreement. 
 15. Arbitration. Any dispute arising out of
or relating to this Agreement shall be resolved pursuant to that certain Mutual Agreement to Mediate and Arbitrate Claims made and entered into effective as of November 20, 2006, by and between the Company and Former Employee. 
 17. Legal Representation; Independent Counsel. The law firm of K&L Gates LLP has prepared this Agreement on behalf of the Company based on the
Company’s instructions. K&L Gates LLP does not represent any other party to this Agreement. In executing this Agreement, Former Employee represents that Former Employee has neither requested nor been given legal advice or counsel by K&L
Gates LLP or any of its attorneys. Former Employee is aware of Former Employee’s right to obtain separate legal counsel with respect to the negotiation and execution of this Agreement and acknowledges that K&L Gates LLP has recommended that
Former Employee retain Former Employee’s own counsel for such purpose. Former Employee further acknowledges that Former Employee (i) has read and understands this Agreement; (ii) has had the opportunity to retain separate counsel in
connection with the negotiation and execution of this Agreement; and (iii) has relied on the advice of separate counsel with respect to this Agreement or made the conscious decision not to retain counsel in connection with the negotiation and
execution of this Agreement. 
  

 - 5 - 

 18. Further Acknowledgements. Each party represents and acknowledges that it is not being
influenced by any statement made by or on behalf of the other party to this Agreement. Former Employee and the Company have relied and are relying solely upon his, her or its own judgment, belief and knowledge of the nature, extent, effect and
consequences relating to this Agreement and/or upon the advice of their own legal counsel concerning the consequences of this Agreement. 
 [Signatures on following page.] 
  

 - 6 - 

 THIS AGREEMENT AFFECTS YOUR RIGHTS. BEFORE SIGNING THIS AGREEMENT, PLEASE MAKE SURE THAT YOU HAVE READ IT CAREFULLY.
YOU ARE INVITED AND ADVISED TO CONSULT WITH AN ATTORNEY BEFORE YOU SIGN IT. IN EXCHANGE FOR THE SEVERANCE PAY OFFERED BY THE COMPANY, YOU ARE AGREEING TO WAIVE CERTAIN IMPORTANT RIGHTS. 
 IN WITNESS WHEREOF, the undersigned have executed this Agreement on the date(s) shown below. 
  

					
	FORMER EMPLOYEE
	
	/s/ Alvin McCurdy

					
	Alvin McCurdy
		
	Dated:	 	July 1, 2009

					
			
	Executed in:	 	Anaheim	 	, California
		 	(City)	 	

					
	
	COMPANY
	
	Natural Alternatives International, Inc.,
	a Delaware corporation
			
	By:	 	/s/ Kenneth Wolf	 	 
		 	(Signature)	 	

					
		
	Printed Name:	 	Kenneth Wolf

					
		
	Title:	 	CFO

					
		
	Dated:	 	July 6, 2009

					
			
	Executed in:	 	San Marcos	 	, California
		 	(City)	 	

  

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