Document:

EX-10.1

 Exhibit 10.1 

CERTAIN MATERIAL (INDICATED BY AN ASTERISK) HAS BEEN OMITTED FROM THIS DOCUMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS
BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 [Letterhead of Wells Fargo Capital Finance, LLC] 

June 3, 2014 
 Mad Catz, Inc. 

7480 Mission Valley Road 
 Suite 101 

San Diego, CA 
 92108 

Dear Sirs/Mesdames: 
  

	Re:	Fourth Amended and Restated Loan Agreement dated August 1, 2012 (as amended, modified, supplemented, extended, renewed, restated or replaced from time to time, the “Loan Agreement”) between Wells Fargo
Capital Finance, LLC (“Wells Fargo”), Mad Catz, Inc. (the “Borrower”) and the Obligors party thereto. Capitalized terms not otherwise defined in this Agreement shall have the meanings given to them in the Loan Agreement unless
stated otherwise. 

  
 You have
requested that we provide this Agreement to you in order to amend the Loan Agreement. 
  

	1.	Amendments to Loan Agreement 

  

	 	(a)	The definition of “Maximum Credit” in Section 1.57 is hereby deleted and replaced with: 

“1.57 “Maximum Credit” 

“Maximum Credit” shall mean the amount of $25,000,000.” 

 

	 	(b)	The definition of “Reserve Amount” in Section 1.82A is hereby deleted and replaced with: 

“1.82A “Reserve Amount” 

“Reserve Amount” shall mean $2,000,000 less: 
  

	 	(a)	$500,000 upon receipt by Lender of the quarterly financial statements ending June 30, 2014 pursuant to 

Section 8.6(a)(ii) and the determination by Lender that no Default or Event of Default exists; and 

 

	 	(b)	$500,000 upon receipt by Lender of the quarterly financial statements ending September 30, 2014 pursuant to Section 8.6(a)(ii) and the determination by Lender that no Default or Event of Default
exists.” 

	 	(c)	Section 2.1(a)(ii)(B)(2) is hereby deleted and replaced with: 

  

	 	“(2)	the following amounts during the time periods below (less the amount, if any, determined in accordance with Section 2.1(a)(ii)(C) and (D) below); 

 

					
	 Monthly Periods Each Year
	  	Amount	 
	 April, May and June
	  	$	7,500,000	  
	 July
	  	$	8,500,000	  
	 August and September
	  	$	9,000,000	  
	 October and November
	  	$	11,500,000	  
	 December
	  	$	9,000,000	  
	 January
	  	$	8,500,000	  
	 February and March
	  	$	8,000,000	  

  

	 	(d)	Section 8.8(e) (Encumbrances) is hereby deleted and replaced with: 

 “(e)
purchase money security interests in Equipment (including capital leases) and purchase money mortgages on real estate not to exceed, individually, $250,000 (except that such amount shall be $500,000 for the 2015 fiscal year of Borrower) and, in the
aggregate, $1,000,000 at anytime outstanding for Borrower and Obligors so long as such security interests and mortgages do not apply to any assets or property of Borrower or any Obligor other than the Equipment or real estate so acquired, and the
indebtedness secured thereby does not exceed the cost of the Equipment or real estate so acquired, as the case may be;” 
  

	 	(e)	Section 8.13 (Fixed Charge Coverage Ratio) is hereby deleted and replaced with: 

“8.13 “Fixed Charge Coverage Ratio” 

Intentionally deleted.” 
  

	 	(f)	Section 8.20 (Software Expenditure) is hereby amended by replacing “$5,000,000” therein with “$500,000”. 

 

	 	(g)	Section 8.24 (EBITDA) is hereby deleted and replaced with: 

  

	 	“8.24	“EBITDA” 

 MCII shall maintain consolidated EBITDA of not less
than the amounts set forth below calculated on a rolling 12 month basis and at the end of the months set forth below: 

  
 - 2 - 

			
	 Month
	  	EBITDA
	 June 2014
	  	[***]
	 July 2014
	  	[***]
	 August 2014
	  	[***]
	 September 2014
	  	[***]
	 October 2014
	  	[***]
	 November 2014
	  	[***]
	 December 2014
	  	[***]
	 January 2015
	  	[***]
	 February 2015
	  	[***]
	 March 2015
	  	[***]
	 April 2015
	  	[***]
	 May 2015
	  	[***]
	 June 2015
	  	[***]

  

	 	(h)	This Agreement is an amendment to the Loan Agreement. Unless the context of this Agreement otherwise requires, the Loan Agreement and this Agreement shall be read together and shall have effect as if the provisions of
the Loan Agreement and this Agreement were contained in one agreement. The term “Agreement” when used in the Loan Agreement means the Loan Agreement as amended by this Agreement, together with all amendments, modifications, supplements,
extensions, renewals, restatements and replacements thereof from time to time. 

  

	 	(i)	Nothing in this Agreement when read together with this Agreement, shall constitute a novation, payment, re-advance or reduction or termination in respect of any Obligations. 

 

	2.	Representations and Warranties 

 In order to induce Wells Fargo to enter into this
Agreement, the Borrower and each Obligor represent and warrant to Wells Fargo as follows, which representations and warranties shall survive the execution and delivery of this Agreement: 

 

	***	Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 - 3 - 

	 	(a)	after giving effect to this Agreement: 

  

	 	(i)	all of the representations and warranties in the Loan Agreement and the other Financing Agreements are true and correct as of the date hereof; 

 

	 	(ii)	each of the Borrower and the Obligors is in compliance with all the covenants contained in the Loan Agreement and the other Financing Agreements; 

 

	 	(iii)	no Default or Event of Default exists or is continuing; 

  

	 	(b)	the execution, delivery and performance of this Agreement and the transactions contemplated hereunder are all within the Borrower’s and each Obligor’s corporate powers, have been duly authorized and are not in
contravention of law or the terms of the Borrower’s or each Obligor’s certificate of incorporation, by-laws or other organizational documentation, or any indenture, agreement or undertaking to which the Borrower or an Obligor is a party or
by which the Borrower’s or an Obligor’s property is bound; 

  

	 	(c)	each of the Borrower and the Obligors have duly executed and delivered this Agreement; and 

  

	 	(d)	this Agreement constitutes a legal, valid and binding obligation of the Borrower and each Obligor, enforceable against them by Wells Fargo in accordance with the terms of this Agreement. 

 

	3.	General  

  

	 	(a)	The Loan Agreement, as amended by this Agreement, shall continue in full force and effect and the rights and obligations of all parties thereunder shall not be affected or prejudiced in any manner except as specifically
provided for herein. 

  

	 	(b)	It is agreed and confirmed that after giving effect to this Agreement, all security and guarantees delivered by the Borrower and each Obligor secures the payment and performance of all of the Obligations including,
without limitation, the obligations, liabilities and indebtedness arising under the Loan Agreement. 

  

	 	(c)	The Borrower and each Obligor shall execute and deliver such documents and take such actions as may be necessary or desirable by Wells Fargo to give effect to the provisions and purposes of this Agreement, all at the
expense of the Borrower and each Obligor. 

  

	 	(d)	The Borrower and each Obligor shall pay all fees, expenses and disbursements including, without limitation, legal fees, incurred by or payable to Wells Fargo in connection with the preparation, negotiation, execution,
delivery, review and enforcement of this Agreement and all other documents and instruments arising therefrom and/or executed in connection therewith. 

  

	 	(e)	The Borrower agrees to pay Wells Fargo a $25,000 amendment fee earned and payable on the date hereof. 

  
 - 4 - 

	 	(f)	This Agreement may be executed and delivered by facsimile or pdf and in any number of counterparts, each of which when so executed and delivered is an original and all of which taken together constitute one and the same
instrument. 

  

	 	(g)	This Agreement shall be governed by the laws of the State of Illinois. 

  

	 	(h)	This Agreement is a Financing Agreement. 

 If the foregoing correctly sets out our agreement, please indicate
your acceptance of the terms and conditions of this Agreement by signing below and returning an executed copy to us by no later than 5:00 p.m. (PST) on June     , 2014 after which time, if not accepted by all of you, this
Agreement shall be null and void. 
 Yours truly, 
  

			
	WELLS FARGO CAPITAL FINANCE, LLC
		
	Per:	 	 /s/ PHILLIP GOESSLER

	 Name:
 Title:
	 	 Phillip Goessler
 Vice
President

  
 - 5 - 

 Agreed this 4th day of June 2014. 

 

									
	MAD CATZ, INC.	 		 	MAD CATZ INTERACTIVE, INC.
					
	Per:	 	 /s/ DARREN RICHARDSON
	 		 	Per:	 	 /s/ DARREN RICHARDSON

	 Name:
 Title:
	 	 Darren Richardson
 President &
CEO
	 		 	 Name:
 Title:
	 	 Darren Richardson
 President &
CEO

			
	1328158 ONTARIO INC.	 		 	WINKLER ATLANTIC HOLDINGS LIMITED
					
	Per:	 	 /s/ DARREN RICHARDSON
	 		 	Per:	 	 /s/ DARREN RICHARDSON

	 Name:
 Title:
	 	 Darren Richardson
 Director
	 		 	 Name:
 Title:
	 	 Darren Richardson
 Director

			
	MAD CATZ EUROPE LIMITED	 		 	MAD CATZ INTERACTIVE ASIA LIMITED
					
	Per:	 	 /s/ BRIAN ANDERSEN
	 		 	Per:	 	 /s/ DARREN RICHARDSON

	 Name:
 Title:
	 	 Brian Andersen
 COO
	 		 	 Name:
 Title:
	 	 Darren Richardson
 Director

			
	FX UNLIMITED, INC.	 		 	MAD CATZ GMBH
					
	Per:	 	 /s/ DARREN RICHARDSON
	 		 	Per:	 	 /s/ MARTIN EBERLE

	 Name:
 Title:
	 	 Darren Richardson
 President &
CEO
	 		 	 Name:
 Title:
	 	 Martin Eberle
 Geschaftsfuhrer

			
	SAITEK, S.A.	 		 	MAD CATZ TECHNOLOGICAL DEVELOPMENT (SHENZHEN) CO., LTD.
					
	Per:	 	 /s/ OLIVIER VOIRIN
	 		 	Per:	 	 /s/ CHEUNG HING TIM (NICHOLAS)

	 Name:
 Title:
	 	 Olivier Voirin
 President
	 		 	 Name:
 Title:
	 	 Cheung Hing Tim (Nicholas)
 Legal
Representative

				
	MAD CATZ CO., LTD.	 		 		 	
					
	Per:	 	 /s/ TAKETOSHI MATSUURA
	 		 		 	
	 Name:
 Title:
	 	 Taketoshi Matsuura
 Representative Director,
President
	 		 		 	

  
 - 6 -Exhibit 10.1

 

SIXTH AMENDMENT 

TO LOAN AND SECURITY AGREEMENT

 

SIXTH AMENDMENT
TO LOAN AND SECURITY AGREEMENT dated as of July 29 ̧ 2014 (this “Amendment”), is among P&F INDUSTRIES,
INC., a Delaware corporation (“P&F”), FLORIDA PNEUMATIC MANUFACTURING CORPORATION, a Florida
corporation (“Florida Pneumatic”), HY-TECH MACHINE, INC., a Delaware corporation (“Hy-Tech”),
and NATIONWIDE INDUSTRIES, INC., a Florida corporation (“Nationwide”, and together with P&F,
Florida Pneumatic and Hy-Tech, collectively, “Borrowers” and each, a “Borrower”), CONTINENTAL
TOOL GROUP, INC., a Delaware corporation (“Continental”), COUNTRYWIDE HARDWARE, INC., a Delaware
corporation (“Countrywide”), EMBASSY INDUSTRIES, INC., a New York corporation (“Embassy”),
GREEN MANUFACTURING, INC., a Delaware corporation (“Green”), PACIFIC STAIR PRODUCTS, INC., a Delaware
corporation (“Pacific”), WILP HOLDINGS, INC., a Delaware corporation (“WILP”), and
WOODMARK INTERNATIONAL, L.P., a Delaware limited partnership (“Woodmark”, and together with Continental,
Countrywide, Embassy, Green, Pacific and WILP, collectively, “Guarantors” and each, a “Guarantor”),
CAPITAL ONE BUSINESS CREDIT CORP. (f/k/a Capital One Leverage Finance Corp.), as agent for the Lenders (“Agent”),
and each of the Lenders party hereto.

 

RECITALS:

 

A.           Borrowers,
Guarantors, the lenders from time to time party thereto (collectively, the “Lenders”) and Agent have entered
into a Loan and Security Agreement dated as of October 25, 2010 (as amended by the First Amendment to Loan and Security Agreement
dated as of September 21, 2011, the Second Amendment to Loan and Security Agreement dated as of November 21, 2011, the Third Amendment
to Loan and Security Agreement dated as of December 19, 2012, the Fourth Amendment to Loan and Security Agreement dated May 22,
2013 the Fifth Amendment to Loan and Security Agreement dated July 1, 2014, the “Loan Agreement”). Capitalized
terms used and not otherwise defined herein shall have the meanings ascribed to them in the Loan Agreement.

 

B.            Borrowers
have requested that Agent and the Lenders amend certain provisions of the Loan Agreement and to permit certain transactions.

 

C.            Subject
to the terms and conditions set forth below, Agent and the Lenders party hereto are willing to amend the Loan Agreement.

 

In furtherance of the
foregoing, the parties agree as follows:

 

Section 1.          AMENDMENTS.
Subject to the covenants, terms and conditions set forth herein and in reliance upon the representations and warranties set
forth herein, the Loan Agreement is amended as follows:

 

(a)           The
following new definition is inserted in Section 1.1 in the appropriate alphabetical position therein:

 

“Overdraft Facility:
the overdraft facility between Universal, as borrower, and National Westminster Bank Plc, as lender (or another lender from time
to time acceptable to Agent) to be entered into on or about the date of this Amendment, as may be amended from time to time.”

 

“Universal: Universal
Air Tools Company Limited, a company organized under the laws of England and Wales.”

 

    	 

    	 

    

 

“Universal Acquisition:
the Acquisition of all of the Equity Interests of Universal by Florida Pneumatic for a purchase price equivalent to approximately
$2,000,000, to be adjusted by a potential earn-out (with a maximum amount of approximately $430,000 based on exchange rates as
of the date of this Amendment) and a working capital adjustment.”

 

(b)          The
existing definition of “Adjusted EBITDA,” in Section 1.1 is amended by inserting the following to the
end thereof:

 

“Notwithstanding the above,
no more than 10% of Adjusted EBITDA shall be attributable to Universal.” 

 

(c)           The
existing definition of “Restricted Investment,” in Section 1.1 is deleted in its entirety and the following
definition is inserted in lieu thereof:

 

Restricted
Investment: any Investment by an Obligor or Subsidiary, other than (a) Investments in Subsidiaries to the extent existing on
the Closing Date or made in connection with the Exhaust Acquisition and the Universal Acquisition; (b) Cash Equivalents that are
subject to Agent’s Lien and control, pursuant to documentation in form and substance satisfactory to Agent; (c) loans and
advances permitted under Section 10.2.7; (d) to the extent constituting Distributions, Distributions permitted under Section
10.2.4, Permitted Acquisitions, the Exhaust Acquisition and the Universal Acquisition; and (e) Investments made when no Default
or Event of Default has occurred and is continuing in an aggregate amount not to exceed $1,000,000 in the aggregate at any time
outstanding for all Obligors.

 

(d)          The
existing Section 10.1.2 of the Loan Agreement is hereby amended by deleting Section 10.1.2(a) in its entirety and replacing
it with the following:

 

“(a) as
soon as available, and in any event within 120 days after the close of each Fiscal Year, balance sheets as of the end of such Fiscal
Year and the related statements of income, cash flow and shareholders’ equity for such Fiscal Year, on consolidated and consolidating
bases for (i) Borrowers and Subsidiaries, which consolidated statements shall be audited and certified (without qualification)
by CohnReznick LLP or another firm of independent certified public accountants of recognized standing selected by Borrowers and
acceptable to Agent, and shall set forth in comparative form corresponding figures for the preceding Fiscal Year and other information
acceptable to Agent, and a copy of the annual report on Form 10-K if any Obligor is a reporting entity and (ii) of Universal which
consolidated statements shall be audited and certified (without qualification) by Smith & Williamson LLP or another firm of
chartered accountants of recognized standing selected by Borrowers and acceptable to Agent, and shall set forth in comparative
form corresponding figures for the preceding Fiscal Year and other information acceptable to Agent;”

 

(e)           The
existing Section 10.1.2 of the Loan Agreement is hereby amended by deleting Section 10.1.2(b) in its entirety and replacing
it with the following:

 

SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

 

    	 

    	 

    

 

“(b) as
soon as available, and in any event within 30 days after the end of each month (but within 60 days after the last month in a Fiscal
Quarter and within 90 days after the last month in a Fiscal Year), unaudited balance sheets as of the end of such month and the
related statements of income and cash flow for such month and for the portion of the Fiscal Year then elapsed, (i) on consolidated
and consolidating bases for Borrowers and Subsidiaries (which consolidating statements shall be prepared by Borrowers), setting
forth in comparative form corresponding figures for the preceding Fiscal Year and certified by the chief financial officer of Borrower
Agent as prepared in accordance with GAAP and fairly presenting the financial position and results of operations for such month
and period, subject to normal year-end adjustments and the absence of footnotes, and a copy of the quarterly report on Form 10-Q
if any Obligor is a reporting entity; and (ii) on consolidated and consolidating bases for Universal, setting forth in comparative
form corresponding figures for the preceding Fiscal Year and certified by the chief financial officer of Borrower Agent as prepared
in accordance with GAAP and fairly presenting the financial position and results of operations for such month and period, subject
to normal year-end adjustments and the absence of footnotes;”

 

(f)           The
existing Section 10.1.9 of the Loan Agreement is hereby deleted in its entirety and the following is inserted in lieu thereof:

 

“10.1.9           Future
Subsidiaries.  Promptly notify Agent upon any Person becoming a Subsidiary and, if such
Person is not a Foreign Subsidiary promptly (but within 30 days or such later date as is agreed by the Agent) cause it to be joined
to this Agreement, at the option of the Agent, as a Borrower or a Guarantor of the Obligations in a manner satisfactory to Agent,
and to execute and deliver such documents, instruments and agreements and to take such other actions as Agent shall require to
evidence and perfect a Lien in favor of Agent (for the benefit of Secured Parties) on all assets of such Person, including delivery
of such legal opinions, in form and substance satisfactory to Agent, as Agent shall deem appropriate. If such a Person is a Foreign
Subsidiary, upon request of the Agent, promptly (but within 30 days or such later date as is agreed by the Agent) deliver 65% of
the Equity Interests of such Foreign Subsidiary to the Agent, along with such documents (including a pledge agreement and stock
powers executed in blank) reasonably requested by Agent to obtain and perfect a Lien on such Equity Interests for the benefit of
Agent and the Secured Parties.”

 

(g)          The
existing Section 10.2.1 of the Loan Agreement is hereby amended by:

 

		i.	Deleting the word “and “ at the end of clause
(h) thereof,

		ii.	Deleting the period at the end of clause (i) thereof
and inserting a semicolon followed by the word “and” in lieu thereof, and

		iii.	Inserting the following new clause “(j)”
to the end thereof:

 

“(j)
Debt of Universal with respect to the Overdraft Facility not to exceed $300,000 at any time outstanding.”

 

(h)          The
existing Section 10.2.2 of the Loan Agreement is hereby amended by:

 

		i.	Deleting the word “and “ at the end of clause
(j) thereof,

		ii.	Deleting the period at the end of clause (k) thereof
and inserting a semicolon followed by the word “and” in lieu thereof, and

		iii.	Inserting the following new clause “(l)”
to the end thereof:

 

“(l) Liens on assets of
Universal to secure Debt under  the Overdraft Facility.”

 

The amendments to the Loan Agreement are
limited to the extent specifically set forth above and no other terms, covenants or provisions of the Loan Agreement are intended
to be affected hereby.

 

SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

 

    	 

    	 

    

 

Section 2.         CONSENT.
The Agent and Lenders hereby consent to the Universal Acquisition, subject to fulfillment of the conditions set forth in Section
3 hereof.

 

Section 3.          CONDITIONS
PRECEDENT. The parties hereto agree that the amendments set forth in Section 1 and the consent set forth in Section
2 above are subject to the satisfaction of each of the following conditions precedent:

 

(a)          Documentation.
Agent shall have received (i) a counterpart of this Amendment, duly executed and delivered by Borrowers, Guarantors and all of
the Lenders then party to the Loan Agreement, and (ii) such other documents and certificates as Agent or its
counsel may reasonably request relating to the organization, existence and good standing of Obligors, the authorization of this
Amendment and any other legal matters relating to any Obligor or the transactions contemplated hereby.

 

(b)          Transaction
Documents. Agent shall have received copies of the Sale and Purchase Agreement and any other agreements and documents relating
to the Universal Acquisition, as reasonably requested by Agent, which agreements and documents shall be reasonably acceptable to
the Agent (with copies of the final, executed agreements and documents to be provided thereafter when completed).

 

(c)          Transaction
Consummation. The Universal Acquisition shall be consummated in accordance with the Sale and Purchase Agreement without any
amendments, modifications, waivers or consents thereto that are not reasonably acceptable to the Agent.

 

(d)          Other
Conditions. (i) Immediately before (including, on a pro forma basis giving effect to the Acquisition) and immediately after
giving effect to any such Acquisition, no Default or Event of Default shall have occurred and be continuing; (ii) if requested
by Agent, the Borrower Agent shall have provided to Agent historical financial statements for the most recent fiscal year end (or,
if less, for the period of such Person’s existence) of the Person or business to be acquired (audited if available) to the
extent available and unaudited financial statements thereof for the interim periods, which are available, (iii) on a pro forma
basis giving effect to the Acquisition, the Borrowers shall be in compliance with the covenants set forth in Section 10.3,
and (iv) Borrower Agent shall have delivered to Agent at least one Business Day prior to the date on which the Universal Acquisition
is to be consummated or such shorter time as Agent may allow, a certificate of a Senior Officer of the Borrower Agent, in form
and substance reasonably satisfactory to the Agent, certifying that all of the requirements set forth above will be satisfied,
including the pro forma calculations of the financial covenants, and all supporting documentation and other financial information
that Agent may reasonably request.

 

Section 4.          REPRESENTATIONS
AND WARRANTIES.

 

(a)          In
order to induce Agent and the Lenders to enter into this Amendment, each Borrower represents and warrants to Agent and the Lenders
as follows:

 

(i)          The
representations and warranties made by such Borrower in Section 9 of the Loan Agreement are true and correct on and as of
the date hereof, except to the extent that such representations and warranties expressly relate to an earlier date in which case
such representations and warranties are true and correct on and as of such earlier date.

 

SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

 

    	 

    	 

    

 

(ii)         Since
December 31, 2013, no act, event, condition or circumstance has occurred or arisen which, individually or in the aggregate, has
had or could reasonably be expected to have a Material Adverse Effect.

 

(iii)        No
Default or Event of Default has occurred and is continuing or will exist after giving effect to this Amendment.

 

(b)          In
order to induce Agent and the Lenders to enter into this Amendment, each Borrower and each Guarantor represents and warrants to
Agent and the Lenders that this Amendment has been duly authorized, executed and delivered by it and constitutes its legal, valid
and binding obligation.

 

Section 5.          MISCELLANEOUS.

 

(a)          Ratification
and Confirmation of Loan Documents. Each Borrower and each Guarantor hereby consents, acknowledges and agrees to the amendments
set forth herein and hereby confirms and ratifies in all respects the Loan Documents to which such Person is a party (including
without limitation, with respect to each Guarantor, the continuation of its payment and performance obligations under the guaranties
set forth in Section 15 of the Loan Agreement upon and after the effectiveness of the amendments contemplated hereby and,
with respect to each Borrower and each Guarantor, the continuation and extension of the liens granted under the Loan Agreement
and Security Documents to secure the Obligations).

 

(b)          Fees
and Expenses. Borrowers shall pay on demand all reasonable costs and expenses of Agent in connection with the preparation,
reproduction, execution, and delivery of this Amendment and any other documents prepared in connection herewith, including, without
limitation, the reasonable fees and out-of-pocket expenses of counsel for Agent.

 

(c)          Headings.
Section and subsection headings in this Amendment are included herein for convenience of reference only and shall not constitute
a part of this Amendment for any other purpose or be given any substantive effect.

 

(d)          Governing
Law; Waiver of Jury Trial. This Amendment shall be governed by and construed in accordance with the laws of the State of New
York, and shall be further subject to the provisions of Sections 14.13, 14.14 and 14.15 of the Loan Agreement.

 

(e)          Counterparts.
This Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be deemed to be an
original, and all of which when taken together shall constitute one and the same agreement. Delivery of an executed counterpart
of a signature page of this Amendment by facsimile or electronic transmission (including .pdf file) shall be effective as delivery
of a manually executed counterpart hereof.

 

(f)           Entire
Agreement. This Amendment, together with all the Loan Documents (collectively, the “Relevant Documents”),
sets forth the entire understanding and agreement of the parties hereto in relation to the subject matter hereof and supersedes
any prior negotiations and agreements among the parties relating to such subject matter. No promise, condition, representation
or warranty, express or implied, not set forth in the Relevant Documents shall bind any party hereto, and no such party has relied
on any such promise, condition, representation or warranty. Each of the parties hereto acknowledges that, except as otherwise expressly
stated in the Relevant Documents, no representations, warranties or commitments, express or implied, have been made by any party
to the other. None of the terms or conditions of this Amendment may be changed, modified, waived or canceled orally or otherwise
except in a writing signed by Agent for such purpose.

 

SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

 

    	 

    	 

    

 

(g)          Enforceability.
Should any one or more of the provisions of this Amendment be determined to be illegal or unenforceable as to one or more of the
parties hereto, all other provisions nevertheless shall remain effective and binding on the parties hereto.

 

(h)          Successors
and Assigns. This Amendment shall be binding upon and inure to the benefit of each Borrower, each Guarantor, Agent, each Lender
and their respective successors and assigns (subject to Section 13 of the Loan Agreement).

 

SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

 

    	 

    	 

    

 

The following parties have caused this
Sixth Amendment to Loan and Security Agreement to be executed as of the date first written above.

 

	 	BORROWERS:
	 	 
	 	P&F INDUSTRIES, INC.
	 	FLORIDA PNEUMATIC MANUFACTURING 
	 	CORPORATION
	 	HY-TECH MACHINE, INC.
	 	NATIONWIDE INDUSTRIES, INC.

 

	 	By:	/s/ Joseph A. Molino, Jr.
	 	Name:	Joseph A. Molino, Jr.
	 	Title:	Vice President

 

	 	GUARANTORS:
	 	 
	 	CONTINENTAL TOOL GROUP, INC.
	 	COUNTRYWIDE HARDWARE, INC.
	 	EMBASSY INDUSTRIES, INC.
	 	GREEN MANUFACTURING, INC.
	 	PACIFIC STAIR PRODUCTS, INC.
	 	WILP HOLDINGS, INC.

 

	 	By:	/s/ Joseph A. Molino, Jr.
	 	Name:	Joseph A. Molino, Jr.
	 	Title:	Vice President

 

	 	WOODMARK INTERNATIONAL, L.P.
	 	 	 
	 	By:	Countrywide Hardware, Inc., its General Partner

 

	 	By:	/s/ Joseph A. Molino, Jr.
	 	Name:	Joseph A. Molino, Jr.
	 	Title:	Vice President

 

SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

 

    	 

    	 

    

 

	 	AGENT AND LENDERS:
	 	 
	 	CAPITAL ONE BUSINESS CREDIT CORP. (f/k/a 

Capital One Leverage Finance Corp.), as Agent and 

Lender

 

	 	By:	/s/ Michael Lockery
	 	Name:	Michael Lockery
	 	Title:	Director

 

SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00233-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00233-of-00352.parquet"}]]