Document:

Exhibit

Exhibit 4.5

ARTICLES OF AMENDMENT
to the
ARTICLES OF INCORPORATION
of
ALABAMA POWER COMPANY
_______________________
Pursuant to, and with the effect provided in, Section 10A-2-6.02 of the Code of Alabama, 1975, as amended (the “Code”), the undersigned company adopts the following Articles of Amendment to its Articles of Incorporation:
FIRST:      The name of the company is “Alabama Power Company” (the “Company”).
SECOND:  The following resolutions amending the Company’s Articles of Incorporation, as amended, providing for, among other things, the issuance and sale of not more than 10,000,000 shares of Class A Preferred Stock ($25 Stated Capital Per Share) in one or more series and establishing each series of the new stock, was duly adopted in the manner provided by the Code by the Company’s Board of Directors at a meeting held on July 28, 2017, shareholder approval therefor not being required:
RESOLVED, That the relative rights and preferences of 10,000,000 of the authorized but unissued shares of undesignated Class A Preferred Stock (stated capital $25 per share) (the “new stock”) are hereby authorized to be issued in one or more series, and that in those respects in which the shares thereof may vary from the shares of other series of Class A Preferred Stock which may now or hereafter be authorized or created, shall be as follows:
		
	(1)
	The officers of the Company be and hereby are authorized to determine the dividend rate or rates of the new stock, not to exceed 5.375% of the stated capital per annum, accruing from the date of original issue and the dividend payment dates shall be the first days of January, April, July and October (each a “Dividend Payment Date”) in each year commencing on the applicable Dividend Payment Date succeeding the date of issuance of the new stock.  If any Dividend Payment Date is not a business day, the related dividend, if declared, will be paid on the next succeeding business day with the same force and effect as though paid on the Dividend Payment Date, without any increase to account for the period from such Dividend Payment Date through the date of actual payment.  Dividends payable on the new stock for the initial dividend period and any period less than a full dividend period will be computed on the basis of a 360-day year consisting of twelve 30-day months and the actual number of days elapsed in such period. 

		
	(2)
	(a) On or after October 1, 2022, the Company may redeem any or all of the new stock, from time to time, at a redemption price equal to $25.00 per share of the new stock to be redeemed, plus an amount equal to the amount of the accrued and unpaid dividends (whether or not declared) to but excluding the redemption date.

(b)  Before October 1, 2022, the Company shall have the right to redeem the new stock, in whole but not in part, following the occurrence of a Rating Agency Event, at a redemption price equal to $25.50 per share of the new stock to be redeemed, plus an amount equal to the amount of the accrued and unpaid dividends (whether or not declared) to but excluding the redemption date.

“Rating Agency Event” means a change to the methodology or criteria that were employed by an applicable nationally recognized statistical rating organization for purposes of assigning equity credit to securities such as the new stock on the date of original issuance of the new stock, which change reduces the amount of equity credit assigned to the new stock as compared with the amount of equity credit that such rating agency had assigned to the new stock as of the date of original issuance thereof.

		
	(3)
	The amount payable in the event of liquidation shall be $25.00 per share, plus accrued and unpaid dividends.

		
	(4)
	The shares of such class shall not be, by their terms, convertible or exchangeable.

		
	(5)
	The shares of such class shall not be, by their terms, entitled to the benefit of any sinking fund.

		
	(6)
	Upon the issuance of shares of the new stock, there shall be transferred from the Premium on Capital Stock Account to the Preferred Stock Account an amount equal to $24.00 per share, and thereafter the stated capital of each share of new stock shall be $25.00 per share.

THIRD: The undersigned officers of the Company pursuant to the authority granted them by the Company’s Board of Directors at a meeting held on July 28, 2017 hereby establish and designate, on behalf of the Company, a new series of Class A Preferred Stock comprising 10,000,000 shares of 5.00% Class A Preferred Stock (the “5.00% Class A Preferred Stock”).  Dividends shall be payable upon the 5.00% Class A Preferred Stock at a rate of 5.00% of the stated capital per annum.  

2

IN WITNESS WHEREOF, the undersigned officers of the Company, do hereby set their hand and the seal of the Company on the 7th day of August, 2017.

	
		
	 
	/s/Philip C. Raymond

	 
	 

	 
	Philip C. Raymond
Executive Vice President, Chief Financial 
Officer and Treasurer
Alabama Power Company

	 
	 

	 
	 

	 
	 

	 
	/s/Ceila H. Shorts

	 
	 

	 
	Ceila H. Shorts
Corporate Secretary
Alabama Power Company

	 
	 

This Instrument was prepared by:
Monica W. Sargent
Balch & Bingham LLP
1901 Sixth Avenue North, Suite 2600
Birmingham, Alabama  35203

3JOINDER NUMBER 1 TO AMENDED AND RESTATED CREDIT AGREEMENT

Reference is hereby made to the Amended and Restated Credit Agreement (as amended, and in effect from time to time, the “Agreement”) made as of the 13th day of January, 2017, by and among Auxilio, Inc., a Nevada corporation (“Parent”), Auxilio Solutions, Inc., a California corporation (“Solutions”), Delphiis, Inc., a California corporation (“Delphiis”), CynergisTek, Inc., a  Texas corporation (“CynergisTek”), and one or more additional direct or indirect Subsidiaries hereafter acquired or formed (Parent, Solutions, Delphiis, CynergisTek and such other Subsidiaries are sometimes collectively referred to herein as “Borrowers” and each individually as a “Borrower”), the financial institutions from time to time parties thereto as Lenders, and Avidbank, a California banking corporation (“Avidbank”), in its capacity as contractual representative for itself and the other Lenders (“Agent”).  Capitalized terms used herein and not defined herein shall have the meanings given to them in the Agreement.

By its execution below, the undersigned, CYNERGISTEK, INC., a Delaware corporation, agrees to become, and does hereby become, a Borrower under the Agreement and a Maker under each Note, and agrees to be bound by the Agreement and such Notes as if originally a party thereto.  By its execution below, the undersigned hereby represents and warrants as to itself that all of the representations and warranties contained in Article IV of the Agreement are true and correct in all respects as of the date hereof (except to the extent such representations and warranties expressly relate solely to an earlier date).  CYNERGISTEK, INC., a Delaware corporation, represents and warrants that the schedules attached hereto are true and correct in all respects and such schedules set forth all information required to be scheduled under the Agreement.

IN WITNESS WHEREOF CYNERGISTEK, INC., a Delaware corporation, has duly executed and delivered this Joinder Number 1 to Amended and Restated Credit Agreement as of this 7 day of September, 2017.

	 

	CYNERGISTEK, INC.,
a Delaware corporation

By:  /s/ Paul T. Anthony

Name: Paul T. Anthony

Title: CFOSupplement No. 1 (this “Supplement”) dated as of September 7, 2017, to the Security Agreement, dated as of January 13, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”) by each of the parties listed on the signature pages thereto and those additional entities that thereafter become parties thereto (collectively, jointly and severally, “Grantors” and each individually “Grantor”) and AVIDBANK, a California banking corporation (“Agent”).

W I T N E S S E T H:

WHEREAS, pursuant to that certain Amended and Restated Credit Agreement dated as of January 13, 2017 (as amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”) by and among Auxilio, Inc., a Nevada corporation (“Parent”), Auxilio Solutions, Inc., a California corporation (“Solutions”), Delphiis, Inc., a California corporation (“Delphiis”), CynergisTek, Inc., a  Texas corporation (“CynergisTek”), and one or more additional direct or indirect Subsidiaries of Parent, hereafter acquired or formed, which become party to the Credit Agreement (Parent, Solutions, Delphiis, CynergisTek and such other Subsidiaries are sometimes individually referred to herein as a “Borrower” and collectively referred to herein as “Borrowers”), the financial institutions from time to time parties to the Credit Agreement as Lenders, and Avidbank, a California banking corporation in its capacity as Agent under the Credit Agreement, Agent and Lenders are willing to make certain financial accommodations available to Borrowers from time to time pursuant to the terms and conditions thereof; and

WHEREAS, capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement or the Credit Agreement; and

WHEREAS, Grantors have entered into the Security Agreement in order to induce Agent and Lenders to make certain financial accommodations to Borrowers; and

WHEREAS, pursuant to Section 5.14 of the Credit Agreement, certain new direct or indirect Subsidiaries of Parent, must execute and deliver certain Loan Documents, including the Security Agreement, and the execution of the Security Agreement by the undersigned new Grantor (“New Grantor”) may be accomplished by the execution of this Supplement in favor of Agent;

NOW, THEREFORE, for and in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, New Grantor hereby agrees as follows:

1.In accordance with Section 14 of the Security Agreement, New Grantor, by its signature below, becomes a “Grantor” under the Security Agreement with the same force and effect as if originally named therein as a “Grantor” and New Grantor hereby (a) agrees to all of the terms and provisions of the Security Agreement applicable to it as a “Grantor” thereunder and (b) represents and warrants that the representations and warranties made by it as a “Grantor” thereunder are true and correct on and as of the date hereof. In furtherance of the foregoing, New Grantor, as security for the payment and performance in full of the Secured Obligations, does hereby grant, assign, and pledge to Agent, for the ratable benefit of itself and the benefit of Lenders and the other Secured Parties, a security interest in and to all Collateral of New Grantor to secure the full and prompt payment of the Secured Obligations. Schedule 1 and Schedule 2 hereto shall be deemed a supplement to Schedule 1 and Schedule 2 to the Security Agreement and shall be deemed a part thereof for all purposes of the Security Agreement. Each reference to a “Grantor” in the Security Agreement shall be deemed to include New Grantor. The Security Agreement is incorporated herein by reference. 

2.New Grantor represents and warrants to Agent that this Supplement has been duly executed and delivered by New Grantor and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as enforceability thereof may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or other similar laws affecting creditors’ rights generally and general principles of equity. 

1

3.This Supplement may be executed in multiple counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute but one and the same instrument. Delivery of a counterpart hereof by facsimile transmission or by e-mail transmission shall be as effective as delivery of a manually executed counterpart hereof. 

4.Except as expressly supplemented hereby, the Security Agreement shall remain in full force and effect. 

5.This Supplement shall be construed in accordance with and governed by the laws of the State of California, without regard to the conflict of laws principles thereof 

[remainder of page intentionally left blank]

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IN WITNESS WHEREOF, New Grantor has caused this Supplement to Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above.

	 

	“New Grantor”

	Address for notices:

27271 Las Ramblas, Suite 200
Mission Viejo, CA 92691
Attn: Paul T. Anthony
Telephone:
Facsimile:

 

	CYNERGISTEK, INC.,
a Delaware corporation

By:  /s/ Paul T. Anthony

Name: Paul T. Anthony

Title: CFO

Supplement No. 1 to Security Agreement

	 

	“Agent”

	 

	AVIDBANK,
a California banking corporation

By   /s/  Jon Krogstad
Name: Jon Krogstad
Title: Senior Vice President

 

Supplement No. 1 to Security Agreement

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