Document:

EX-10.12

 Exhibit 10.12 

FIRST AMENDMENT TO CATTLE SUPPLY AND FEEDING AGREEMENT 

THIS FIRST AMENDMENT TO CATTLE SUPPLY AND FEEDING AGREEMENT (“First Amendment,”) is made and entered into as of
September 21, 2010 by and between JBS Five Rivers Cattle Feeding LLC, a Delaware limited liability company (formerly known as Five Rivers Ranch Cattle Feeding LLC) (“Five Rivers”) and J & F Oklahoma
Holdings Inc., a Delaware corporation (“J & F”). 
 RECITALS 

 

	A.	Five Rivers and J & F have entered into the Cattle Supply and Feeding Agreement dated as of October 23, 2008 (the “Agreement”); 

 

	B.	Five Rivers and J & F desire to amend the Agreement to extend the term past September 10, 2016. 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreement contained herein, the receipt and sufficiency of
which are hereby acknowledged, the parties hereby agree as follows: 
 Section 1.1. Section 1 of the Agreement is amended by
deleting “October 23, 2011” in the first sentence thereof and replacing it with “September 11, 2016.” 
 Section 1.2. Other
than as set forth in this First Amendment, all provisions of the Agreement shall remain in full force and effect. 
 Section 1.3. The Agreement,
as amended by this First Amendment, constitutes the entire agreement of the parties with respect to the matters set forth in the Agreement, as amended by this First Amendment and supersede any prior understanding or agreement, oral or written, with
respect to such matters. 
 Section 1.4. This First Amendment may be executed in counterparts, each of which will be deemed an original but all
of which together will constitute one and the same instrument. 
 Section 1.5. This First Amendment shall be governed and construed in
accordance with the laws of the State of Colorado without giving effect to any choice or conflict of laws rule or provision that would cause the application of the domestic substantive laws of any other jurisdiction. 

[Signature page follows.] 

 IN WITNESS WHEREOF, J & F and Five Rivers have executed this First Amendment to the Agreement
as of the date first written above. 
  

			
	 J & F:
  

J & F Oklahoma Holdings Inc., a Delaware

corporation

		
	By:	 	 /s/ J. Tom Brink

	Name:	 	J. Tom Brink
	Its:	 	President & COO
	
	 Five Rivers:
  

JBS Five Rivers Cattle Feeding LLC, a
 Delaware limited liability
company

		
	By:	 	 /s/ Mike Thoren

	Name:	 	Mike Thoren
	Its:	 	President & CEOEX-10.13

 Exhibit 10.13 

SECOND AMENDMENT TO CATTLE SUPPLY AND FEEDING AGREEMENT 

THIS SECOND AMENDMENT TO CATTLE SUPPLY AND FEEDING AGREEMENT (this “Amendment,”) is made and entered into as of
January 24, 2013 by and between JBS Five Rivers Cattle Feeding LLC, a Delaware limited liability company (“FRR”), and J&F Oklahoma Holdings Inc., a Delaware corporation
(“J&F”). 
 RECITALS 

A. FRR and J&F are parties to the Cattle Supply and Feeding Agreement dated as of October 23, 2008, as amended by the First Amendment
to Cattle Supply and Feeding Agreement dated as of September 21, 2010 (the “Agreement”); and 
 B. FRR
and J&F desire to amend the Agreement to decrease the minimum utilization requirement from 85% to 75%. 
 NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants and agreement contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

Section 1.1. Section 1 of the Agreement is hereby amended and restated in its entirety to read as follows: 

1. Cattle. This Agreement governs all cattle on FRR’s feed yards that are owned by J&F (“Cattle”).
Beginning on June 23, 2009 and ending on September 11, 2016 (the “Supply Period”), J&F agrees to maintain sufficient Cattle on FRR’s feed yards so that such feed yards are at least 75% full of Cattle at all
times. The term of this Agreement shall commence on the date hereof and continue through the date that the last of the Cattle on FRR’s feed yards as of the last day of the Supply Period are shipped to J&F, a packer or another third party
(the “Term”). 
 Section 1.2. Other than as set forth in this Amendment, all provisions of the Agreement shall
remain in full force and effect. 
 Section 1.3. The Agreement, as amended by this Amendment, constitutes the entire agreement
of the parties with respect to the matters set forth in the Agreement and supersedes any prior understanding or agreement, oral or written, with respect to such matters. 

Section 1.4. This Amendment may be executed in counterparts, each of which will be deemed an original but all of which together
will constitute one and the same instrument. 
 Section 1.5. This Amendment shall be governed and construed in accordance with
the laws of the State of Colorado without giving effect to any choice or conflict of laws rule or provision that would cause the application of the domestic substantive laws of any other jurisdiction. 

  
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 IN WITNESS WHEREOF, J&F and FRR have executed this Amendment to the Agreement as of the date
first written above. 
  

			
	 J&F:
  

J&F Oklahoma Holdings Inc.

		
	By:	 	 /s/ Luke Lind

	Name: 	 	Luke Lind
	Its:	 	SVP Marketing & Risk Management
	
	  
 FRR:

 
 JBS Five Rivers Cattle Feeding LLC

		
	By:	 	 /s/ Dennis Roerty

	Name:	 	Dennis Roerty
	Its:	 	Treasurer

  
 2EX-10.14

 Exhibit 10.14 

THIRD AMENDMENT TO CATTLE SUPPLY AND FEEDING AGREEMENT 

THIS THIRD AMENDMENT TO CATTLE SUPPLY AND FEEDING AGREEMENT (this “Amendment,”) is made and entered into as of
November 7, 2014 by and between JBS Five Rivers Cattle Feeding LLC, a Delaware limited liability company (“FRR”), and J&F Oklahoma Holdings Inc., a Delaware corporation (“J&F”). 

RECITALS 
 A. FRR and
J&F are parties to that certain Cattle Supply and Feeding Agreement dated as of October 23, 2008, as amended by the First Amendment to Cattle Supply and Feeding Agreement dated as of September 21, 2010 and the Second Amendment to
Cattle Supply and Feeding Agreement dated as of January 24, 2013 (the “Agreement”); and 
 B. FRR and J&F
desire to amend the Agreement to extend the term past November 7, 2019. 
 NOW, THEREFORE, in consideration of the foregoing and the
mutual covenants and agreement contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

Section 1.1. Section 1 of the Agreement is hereby amended by deleting “September 11, 2016” in the
second sentence thereof and replacing it with “December 31, 2019”. 
 Section 1.2. Other than as set forth in this
Amendment, all provisions of the Agreement shall remain in full force and effect. 
 Section 1.3. The Agreement, as amended by
this Amendment, constitutes the entire agreement of the parties with respect to the matters set forth in the Agreement and supersedes any prior understanding or agreement, oral or written, with respect to such matters. 

Section 1.4. This Amendment may be executed in counterparts, each of which will be deemed an original but all of which together
will constitute one and the same instrument. 
 Section 1.5. This Amendment shall be governed and construed in accordance with
the laws of the State of Colorado without giving effect to any choice or conflict of laws rule or provision that would cause the application of the domestic substantive laws of any other jurisdiction. 

[Signature page follows.] 

  
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 IN WITNESS WHEREOF, J&F and FRR have executed this Amendment to the Agreement as of the date
first written above. 
  

			
	 J&F:
  

J&F Oklahoma Holdings Inc.

		
	By:	 	 /s/ Luke Lind

	Name: 	 	Luke Lind
	Its:	 	President
	
	 FRR:
  

JBS Five Rivers Cattle Feeding LLC

		
	By:	 	 /s/ Mike Thoren

	Name:	 	Mike Thoren
	Its:	 	President & CEO

 [Signature Page to Third Amendment to U.S. Cattle Supply and Feeding Agreement]EX-10.15

 Exhibit 10.15 

CATTLE SUPPLY AND FEEDING INCENTIVE PROGRAM AGREEMENT 

1. PARTIES. This Agreement is dated this 1st day of January 2011 (“Effective Date”) by and between JBS FIVE RIVERS CATTLE FEEDING, LLC
a Delaware limited liability company, located at 1770 Promontory Circle, Greeley, CO 80534 (“Feeder”), and J&F OKLAHOMA HOLDINGS, INC., a Delaware corporation, located at 1770 Promontory Circle, Greeley, CO 80534
(“Owner”). 
 2. RECITALS. 
  

	 	2.1.	Feeder and Owner are parties to a Cattle Supply and Feeding Agreement dated October 23, 2008, as amended, whereby Feeder provides feed, care, and services to cattle owned by Owner (“Feeding
Agreement”). 

  

	 	2.2.	The Parties wish to create an incentive program to encourage continuing improvement of the care and feed services provided to Owner pursuant to the Feeding Agreement, as reflected in the financial results of the Owner.

  

	 	2.3.	To accomplish such purpose, the Owner shall make to Feeder with an annual incentive payment to be calculated using an agreed upon formula reflecting the financial performance of Owner arising from the sale of
cattle fed and raised by Feeder (the “Incentive Amount”). Such Incentive Amounts will be in addition to amounts paid by Owner to Seller under the terms of the Feeding Agreement. 

Accordingly, in consideration of the mutual promises set forth in this Agreement, the parties covenant and agree to the terms and conditions set forth below.

 3. TERM. The term of this Agreement shall commence on the 1st day of January, 2011 (“Commencement Date”) and continue
until terminated as provided herein. This Agreement may be terminated by either party upon 30 days prior written notice (the “Termination Date”). This Agreement shall also terminate automatically on the date of termination of the Feeding
Agreement. As of the Termination Date, no further Incentive Amounts shall be earned by feeder, and the Owner shall within 21 days of such date pay to the Feeder all amounts earned prior to such date. 

4. DETERMINATION OF INCENTIVE AMOUNT. The Incentive Amount shall be paid annually based on the calculations provided in the attached Exhibit A
(“Incentive Calculation”). The variable amounts composing the Incentive Calculation shall be determined by mutual agreement annually at the beginning of the Parties’ fiscal year. Payment of the Incentive Amount shall occur at the end
of the Parties’ fiscal year, and shall be based upon that fiscal year’s Incentive Calculation. 
 5. ADDITIONAL DOCUMENTS OR ACTION. The
parties agree to execute any additional documents and to take any additional action necessary to carry out this Agreement. 
 6. BINDING EFFECT. This
Agreement shall inure to the benefit of, and be binding upon, the parties, and their respective legal representatives, successors, and assigns; provided, however, that nothing contained in this paragraph shall be construed to permit the assignment
of this Agreement without the prior written consent of the Owner. 
 7. GOVERNING LAW. This Agreement and the legal relations between the parties
hereto shall be governed by and construed in accordance with the laws of the State of Colorado (without regard to 

  
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 Colorado’s choice of law rules). Any and all actions arising between the parties in respect of this
Agreement shall be brought in a state or Federal court in the State of Colorado. The parties submit to the jurisdiction of, and hereby agree to voluntarily appear in, such courts. 

8. COUNTERPARTS. This Agreement may be executed in several counterparts and, when so executed, shall constitute one Agreement, binding on all the
parties even though all the parties have not signed the same counterpart. Any counterpart of this Agreement which has attached to it separate signature pages, which altogether contain the signatures of all the parties, shall be deemed a fully
executed instrument for all purposes. 
 9. SEVERABILITY. This Agreement represents the entire agreement between the parties regarding the Incentive
Payments and there are no oral or collateral agreements or understandings with respect to the payment of any incentive amounts. If any provision of this Agreement is declared to be invalid, void or unenforceable by a court of competent jurisdiction,
such provision shall be deemed to be severable, and all other provisions of this Agreement shall remain fully enforceable, and this Agreement shall be interpreted in all respects as if such provision were omitted. 

IN WITNESS WHEREOF, Feeder and Owner have each executed this Agreement on the effective date listed above. 

 

									
	JBS FIVE RIVERS	 		  	J&F OKLAHOMA HOLDINGS, INC.
	CATTLE FEEDING, LLC	 		  	
					
	By:	 	 /s/ Mike Thoreau
	 		  	By:	 	 /s/ Luke Lind

	Name:	 	Mike Thoreau	 		  	Name:	 	Luke Lind
	Title:	 	President & CEO	 		  	Title:	 	VP Marketing

  
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 EXHIBIT A 

INCENTIVE CALCULATION* 
  
 

 
  

	*	Values for Terms Target Pool, Hurdle Pool, Target RONA, and Hurdle RONA shall be variable and adopted by the parties annually as provided in Section 4. 

 

	**	“Combined” figures reflect the sum of J&F and Five Rivers’ results. 

  

	***	Incentive Amount shall be determined prior to consideration of any accruals for performance incentives. 

  
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