Document:

Exhibit

FIRST AMENDMENT TO 
SIXTH AMENDED AND RESTATED 
LOAN AND SERVICING AGREEMENT
THIS FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED LOAN AND SERVICING AGREEMENT, dated as of September 9, 2019 (this “Amendment”), is entered into among PROSPECT CAPITAL FUNDING LLC, a Delaware limited liability company (the “Borrower”), the Lenders (as defined in the Loan Agreement referred to below) and KEYBANK NATIONAL ASSOCIATION (“KeyBank”), in its capacity as facility agent for the Lenders (in such capacity, the “Facility Agent”).
PRELIMINARY STATEMENTS
Reference is made to that certain Sixth Amended and Restated Loan and Servicing Agreement, dated as of August 1, 2018 (as amended, supplemented or otherwise modified as of the date hereof and immediately prior to the effectiveness of this Amendment, the “Loan Agreement”), among the Borrower, Prospect Capital Corporation, as Servicer, the Lenders party thereto, the Managing Agents party thereto, U.S. Bank National Association, as Calculation Agent, Paying Agent and Documentation Agent, the Facility Agent, and KeyBank, as Syndication Agent, Structuring Agent, Sole Lead Arranger and Sole Bookrunner.  Unless otherwise defined herein, terms used herein shall have the meanings assigned in the Loan Agreement.
The parties hereto have agreed to amend the Loan Agreement on the terms and conditions set forth herein.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
SECTION 1.Amendments to Loan Agreement.  Effective as of the date hereof, subject to the satisfaction of the conditions precedent set forth in Section 2 below, the Loan Agreement is hereby amended as follows:
(a)    Clause (ix) of the definition of “Eligible Loan” contained in Annex I to the Loan Agreement is hereby amended and restated in its entirety to read as follows:
(ix)    the Loan, together with the related Loan Documents, is fully assignable to the Borrower, the Facility Agent and any transferee of the Facility Agent  (in each case subject only to (A) the right of the applicable Obligor to consent to the assignment of such Loan so long as the terms of the applicable agreements and other documents do not allow such consent to be unreasonably withheld or delayed, and such Obligor shall not have such a right to consent if a payment event of default (with respect to principal or interest) with respect to such Loan or an insolvency proceeding or bankruptcy proceeding event of default (however denominated) with respect to the primary Obligor shall have occurred and be continuing, (B) prohibition on transfer to, or to a competitor or private equity sponsor of, the Obligor, or any Affiliate of any of the foregoing, (C) prohibition on transfer 

to any “defaulting lender” (or similar concept, however denominated) or “defaulting agent” (or similar concept, however denominated), or any Affiliate of any of the foregoing, (D) limitation on the number of transferees or lenders at any one time, (E) the right of the agent to consent to the assignment of such Loan, so long as (1) if the Loan is agented by a Person other than the Servicer or any Affiliate of the Servicer, the terms of the applicable agreements and other documents do not allow such consent to be unreasonably withheld or delayed or (2) if the Loan is agented by the Servicer or any Affiliate of the Servicer, (x) any right of the agent to consent to the assignment of such Loan by the Borrower and its assignees and successors has been waived in writing by such agent to the fullest extent that it may do so in accordance with applicable law and such waiver shall remain in effect until either (I) the Servicer or any Affiliate of the Servicer is no longer the agent or (II) the Borrower is no longer the holder, owner, purchaser or lender with respect to such Loan and the assignee or successor, if any, shall have agreed in writing to terminate such waiver, and (y) a copy of such waiver (which shall constitute a Loan Document with respect to such Loan) has been delivered to the Custodian as a part of the related Loan File, (F) prohibition on transfer to other lenders to the applicable Obligor or specified institutions or other Persons or any Affiliate of any of the foregoing, (G) prohibition on assignment to natural persons, family trusts and other personal investment vehicles, (H) prohibition on assignment to private equity, mezzanine lending and venture capital firms, (I) prohibition on assignment to lenders, or lenders that have any Affiliates, in either case that (1) are, or are deemed to be, “net short” lenders (or any similar term), or any Affiliates of any of the foregoing, (2) are in breach, or are deemed to be in breach, of any representation regarding the status of such lenders or Affiliates as “net short” lenders (or any similar term), or (3) cannot or otherwise decline to represent that such lenders or Affiliates are not “net short” lenders (or any similar term), or any Affiliates of any of the foregoing under clauses (I)(1), (2) or (3), (J) prohibition on assignment to, or to any Affiliates of, any agent or arranger in respect of such Loan that is or was, or are or were, at any time engaged directly or indirectly in a sale of the Obligor or any of the Obligor’s affiliates as a sell-side representative, and (K) any limitations on assignability which shall have been consented to by the Facility Agent in its reasonable discretion);
(b)    The definitions of “Minimum Tangible Net Worth”, “Noteless Loan”, “Permitted Covenant-Lite Loan”, “Scheduled Maturity Date” and “Scheduled Revolving Period Termination Date” contained in Annex I to the Loan Agreement are hereby amended and restated in their entireties to read, respectively, as follows:
Minimum Tangible Net Worth:  With respect to the Servicer as at the end of any fiscal quarter during each fiscal year, the sum of (i) $2,300,000,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances by the Servicer or any subsidiary of the Servicer (other than Equity Issuances to the Servicer or a subsidiary of the Servicer) after the Sixth Restatement Effective Date.

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Noteless Loan: A Loan with respect to which (i) the underlying Loan Documents do not require the Obligor to execute and deliver a promissory note to evidence the indebtedness created under such Loan and (ii) the Borrower has not received a promissory note from such Obligor.
Permitted Covenant-Lite Loan:  A Covenant-Lite Loan that either: (a) is part of a loan facility that either (i) incorporates a revolving loan that includes (x) a financial covenant (such as a leverage or fixed charge coverage covenant) or (y) a Springing Liquidity Test, or (ii) is secured by substantially all of the collateral securing a stand-alone Asset Based Revolver; or (b) (i) contains a cross default provision to, or is pari passu with, another loan by the Obligor forming part of the same loan facility that contains an Incurrence Covenant and a Maintenance Covenant and (ii) the holders of the subject Loan have the right to enforce and to exercise remedies in the event of a breach of such Incurrence Covenant or Maintenance Covenant.  “Incurrence Covenant” means a covenant by the relevant Obligor to comply with one or more financial covenants only upon the occurrence of certain actions of such Obligor including, but not limited to, a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture.
Scheduled Maturity Date:  The first anniversary of the Revolving Period Termination Date (or, in each case if such day is not a Business Day, the next preceding Business Day).
Scheduled Revolving Period Termination Date:  September 9, 2023 or such later date as mutually agreed among the Borrower, the Facility Agent, the Servicer and each Lender.
SECTION 2.    Effective Date Conditions Precedent.  The amendments set forth in Section 1 above shall become effective on the date (the “Effective Date”) as of which:
(i)    the Facility Agent shall have received counterpart signature pages to this Amendment duly executed and delivered by the Borrower, the Facility Agent and the Lenders and consented to by the Servicer and the Backup Servicer;
(ii)    the Facility Agent shall have received counterpart signature pages to the Sixth Amended and Restated Lenders Fee Letter, dated as of the date hereof, duly executed and delivered by each party thereto;
(iii)    the Facility Agent shall have received counterpart signature pages to the Third Amendment to Fourth Amended and Restated Custody Agreement, dated as of the date hereof (the “Custody Agreement Amendment”), duly executed and delivered by each party thereto;
(iv)    the representations and warranties set forth in Sections 3 and 4 below shall be true and correct in all material respects as of the Effective Date, as though made on and as of such date; and

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(v)    the Facility Agent shall have received such other documents, instruments, agreements, certificates and legal opinions as the Facility Agent shall reasonably request in connection with the transactions contemplated by this Agreement, on or prior to the Effective Date, each in form and substance satisfactory to the Facility Agent.  
SECTION 3.    Representations and Warranties of the Borrower.  The Borrower hereby represents and warrants on the date hereof and on the Effective Date that 
(a)    The Borrower has the limited liability company power and authority to execute and deliver this Amendment and to carry out its terms and the terms of the Transaction Documents to which it is a party.  This Amendment constitutes and, as of the Effective Date, the Loan Agreement, as amended hereby, will constitute, the legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their respective terms, except as such enforceability may be limited by Insolvency Laws and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity). 
(b)    The representations and warranties of the Borrower contained in the Loan Agreement or in the other Transaction Documents to which the Borrower is a party are true and correct in all material respects as of the date hereof, with the same effect as though made on such date (after giving effect to this Amendment), except to the extent such representation or warranty expressly relates only to a prior date.
(c)    No Unmatured Termination Event or Revolving Period Termination Event has occurred and is continuing.
SECTION 4.    Representations and Warranties of the Servicer.  The Servicer hereby represents and warrants on the date hereof and on the Effective Date that:
(a)    The Servicer has the corporate power and authority to execute and deliver this Amendment and to carry out its terms and the terms of the Transaction Documents to which it is a party.  This Amendment constitutes and, as of the Effective Date, the Loan Agreement, as amended hereby, will constitute, the legal, valid and binding obligations of the Servicer enforceable against the Servicer in accordance with their respective terms, except as such enforceability may be limited by Insolvency Laws and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
(b)    The representations and warranties of the Servicer contained in the Loan Agreement or in the other Transaction Documents to which the Servicer is a party are true and correct in all material respects as of the date hereof, with the same effect as though made on such date (after giving effect to this Amendment), except to the extent such representation or warranty expressly relates only to a prior date.
(c)    No Unmatured Termination Event or Revolving Period Termination Event has occurred and is continuing.

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SECTION 5.    Miscellaneous. 
(a)    The Lenders party to this Amendment hereby consent to and direct the Facility Agent to consent to the amendments to the Custody Agreement set forth in, and direct the Facility Agent and the Documentation Agent to enter into, the Custody Agreement Amendment.  
(b)    Effective as of the date hereof, (i) certain financial institutions are executing Joinder Agreements and shall become Lenders party to the Loan Agreement, (ii) certain Lenders are executing Commitment Increase Agreements and shall increase their Commitments under the Loan Agreement, (iii) certain Lenders shall decrease their Commitments, and (iv) Peapack-Gladstone Bank (the “Terminating Lender”) shall cease to be a Lender and a party to the Loan Agreement.  The Borrower, the Servicer and the Lenders hereby consent to such changes, and on the date hereof each Lender and the Terminating Lender shall sell to the other Lenders (as determined by the Facility Agent), and each Lender shall purchase from the other Lenders and the Terminating Lender (as so determined by the Facility Agent) an interest in the outstanding Advances, for a purchase price equal to the portion of the principal balance sold and purchased, so that, after giving effect to such sale and purchase, as nearly as practical, the aggregate Advances funded by each Lender Group are proportional to the aggregate Commitments of the Committed Lenders in the Lender Groups.
(c)    This Amendment may be amended, modified, terminated or waived only as provided in Section 12.1 of the Loan Agreement, as amended hereby.
(d)    Except as expressly modified as contemplated hereby, the Loan Agreement is hereby confirmed to be in full force and effect in accordance with its terms and is hereby ratified and confirmed.  This Amendment is intended by the parties to constitute an amendment and modification to, and otherwise to constitute a continuation of, the Loan Agreement, and is not intended by any party and shall not be construed to constitute a novation thereof or of any obligation of any party thereunder.  This Amendment shall constitute a Transaction Document.
(e)    This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns under the Loan Agreement.
(f)    This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed 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 to this Amendment by electronic transmission (including via e-mail or other facsimile transmission) shall be effective as delivery of a manually executed counterpart of this Amendment.
(g)    In case any provision in or obligation under this Amendment shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.

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(h)    This Amendment contains the final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof, superseding all prior oral or written understandings other than any Fee Letters.
(i)    THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH OF THE PARTIES HERETO AND EACH OTHER SECURED PARTY BY ITS ACCEPTANCE OF THE BENEFITS ACCORDED HEREBY AGREES TO THE NON-EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND ANY APPELLATE COURT FROM ANY THEREOF.  EACH OF THE PARTIES HERETO, THE SERVICER AND, BY ITS ACCEPTANCE OF THE BENEFITS ACCORDED HEREBY, EACH OTHER SECURED PARTY HEREBY WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS, AND ANY OBJECTION TO VENUE OF ANY ACTION INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS AND CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT.
(j)    TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HERETO AND EACH OTHER SECURED PARTY, BY ITS ACCEPTANCE OF THE BENEFITS ACCORDED HEREBY, WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE BETWEEN THE PARTIES HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP BETWEEN ANY OF THEM IN CONNECTION WITH THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. INSTEAD, ANY SUCH DISPUTE RESOLVED IN COURT WILL BE RESOLVED IN A BENCH TRIAL WITHOUT A JURY.
[Signature pages follow]

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Exhibit 4.1

SECURED PROMISSORY NOTE

$1,500,000           September 5, 2019

 

Payment of Principal and Interest.  FOR VALUE RECEIVED, Astrotech Corp., a Delaware corporation (“Maker”), hereby promises to pay to the order of Thomas B. Pickens III   (“Lender”), in the manner hereinafter provided, the principal amount of ONE MILLION FIVE HUNDRED THOUSAND DOLLARS AND ZERO CENTS ($1,500,000.00) (the “Principal Amount”) together with interest on the outstanding Principal Amount from the date of the initial disbursement (for purposes of this Note, “disbursement” means the date funds are wire transferred from Lender’s account) of the principal of this Note until September 5, 2020 (the “Maturity Date”).  Interest under this Secured Promissory Note (as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms, this “Note”) shall accrue at the rate of eleven percent (11.0%) per annum (the “Interest Rate”).  Interest shall be payable in arrears and calculated on the basis of a year of 365 or 366 days, as applicable, and charged for the actual number of days elapsed.  Accrued but unpaid interest shall be due and payable together with each payment of the Principal Amount set forth in this Note either on the Maturity Date, upon the occurrence of an Event of Default (as defined below) or upon any prepayment as set forth in Section 2 below. 

1.Manner of Payment.  All payments of principal and interest on this Note shall be made by wire transfer of immediately available funds to an account designated by Lender in writing.  If any payment of the Principal Amount or interest on this Note is due on a day that is not a Business Day, such payment shall be due on the next succeeding Business Day, and such extension of time shall be taken into account in calculating the amount of interest payable under this Note.  “Business Day” means any day other than a Saturday, Sunday or legal holiday in the State of New York.

2.Prepayment.  Maker may, without premium or penalty, at any time and from time to time, prepay all or any portion of the outstanding Principal Amount due under this Note, provided that each such prepayment is accompanied by accrued but unpaid interest on the Principal Amount prepaid calculated to the date of such prepayment.  

3.Events Of Default.  The occurrence of any one or more of the following events shall constitute an event of default hereunder (“Event of Default”):

(a)If Maker shall fail to pay when due any payment of the Principal Amount or interest on this Note, provided that Maker has not cured such payment within fifteen (15) calendar days of written notice of non-payment from Lender.

(b)If, pursuant to or within the meaning of the United States Bankruptcy Code or any other federal or state law relating to insolvency or relief of debtors (a “Bankruptcy Law”), Maker shall (i) commence a voluntary case or proceeding; (ii) consent to the entry of an order for relief against it in an involuntary case; (iii) consent to the appointment of a trustee, receiver, assignee, liquidator or similar official; (iv) make an assignment for the benefit of its creditors; or (v) admit in writing its inability to pay its debts as they become due.

 

Exhibit 4.1

(c)If a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that (i) is for relief against Maker in an involuntary case; (ii) appoints a trustee, receiver, assignee, liquidator or similar official for Maker or substantially all of its properties; or (ill) orders the liquidation of Maker.

(d)If Maker enters into any of the following: (i) any merger with or into, acquisition of the equity interests of, consolidation with, or other similar transaction; (ii) the sale, transfer, lease, license or other disposition of all or substantially all of its assets; or (iii) any transaction or series of related transactions pursuant to which any third party person or “group” (as such term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) becomes the “beneficial owner” (as such term is defined in Rule 13d-3 promulgated under the Exchange Act) of a majority of the total voting power of Maker’s then outstanding securities.

(e)If Maker shall incur any indebtedness senior to this Note, other than in the ordinary course of business, without the consent of Lender.

4.Remedies Upon Event of Default.  Upon the occurrence of an Event of Default hereunder, Lender at its option, may:  (i) declare the entire unpaid principal balance and all unpaid accrued interest owing on this Note, due and payable immediately upon written notice to the Maker; (ii) sue on this Note; (iii) pursue any and all other remedies available to Lender at law or equity; or (iv) pursue any combination of the above.  Maker shall pay all reasonable costs and expenses incurred by or on behalf of Lender in connection with Lender’s exercise of any or all of its rights and remedies under this Note, including, without limitation, reasonable attorneys’ fees.

5.Security.  The obligations of the Maker under this Note are secured by all assets of Maker and certain subsidiaries of Maker pursuant to the Security Agreement, dated as of August __, 2019 between the Maker, the subsidiaries of the Maker and the Secured Party (as defined therein).

6.Miscellaneous.

6.1Mutilated, Lost, Stolen or Destroyed Note.  In case this Note shall be mutilated, lost, stolen or destroyed, Maker shall issue and deliver, in exchange and substitution for and upon cancellation of the mutilated Note, a new Note of like tenor, but only upon receipt of evidence reasonably satisfactory to Maker of such loss, theft, or destruction of such Note and reasonable indemnity or bond, if requested, also reasonably satisfactory to Maker.

6.2Maximum Interest.  Maker and Lender intend to conform strictly to the applicable usury laws.  In no event shall Lender be entitled to interest exceeding the maximum rate permitted by law.  If Lender ever receives an amount designated as interest which would exceed the highest lawful rate, the amount which would be excessive interest shall be considered to be a reduction of principal and not a payment of interest.

6.3Notices.  All notices and other communications required or permitted by this Note shall be in writing and shall be (a) delivered to the appropriate address by hand, by nationally recognized overnight service or by courier service (costs prepaid); (b) sent by facsimile or e-mail,  or (c) sent by registered or certified mail, return receipt requested, in each case to the 

 

Exhibit 4.1

following addresses, facsimile numbers or e-mail addresses (or to such other address, facsimile number, e-mail address or person as Maker or Lender may designate by notice to the other):

If to Lender:

 

Thomas B. Pickens III
2901 Scenic Dr.

Austin, TX  78703
Email: tpickens@astrotechcorp.com

 

If to Maker:

 

Astrotech Corp. 
201 West 5th Street, Suite 1275

Austin, Texas  78701

Attn: Eric Stober, CFO

Email: estober@astrotechcorp.com 

All notices and other communications shall be deemed have been duly given (as applicable):  if delivered by hand, when delivered by hand; if delivered by overnight service, when delivered by nationally recognized overnight service; if delivered by courier, when delivered by courier; if sent via registered or certified mail, five (5) Business Days after being deposited in the mail, postage prepaid; or if delivered by email, when transmitted if transmitted without indication of delivery failure prior to 5:00 p.m. local time for the recipient (and if transmitted without indication of delivery failure after 5:00 p.m. local time for the recipient, then delivery will be deemed duly given at 9:00 a.m. local time for the recipient on the subsequent Business Day).

6.4Entire Agreement.  This Note supersedes all prior agreements, whether written or oral, between Maker and Lender with respect to its subject matter and constitutes a complete and exclusive statement of the terms of the agreement between Maker and Lender with respect to its subject matter.  All parties hereto have had the opportunity to review this Note with their counsel.  This Note is the result of good faith, arms-length negotiations.

6.5Modifications; Waiver.  No provision of this Note may be amended, supplemented, waived or otherwise modified except by a written agreement mutually executed by Maker and Lender.  Neither any failure nor any delay by Maker or Lender in exercising any right, power or privilege under this Note or any of the documents referred to in this Note will operate as a waiver of such right, power or privilege, and no single or partial exercise of any such right, power or privilege will preclude any other or further exercise of such right, power or privilege or the exercise of any other right, power or privilege.  

6.6Assignments, Successors and No Third Party Rights.  Neither Maker nor Lender may assign any of its rights or delegate any of its obligations under this Note without the prior written consent of the other. Any purported assignment without written consent of the other party shall be void and of no effect.  This Note will apply to, be binding in all respects upon and inure to the sole benefit of the successors and permitted assigns of Maker and Lender.  Nothing expressed or referred to in this Note will be construed to give any person other than Maker and 

 

Exhibit 4.1

Lender any legal or equitable right, remedy or claim under or with respect to any provision of this Note.

6.7Severability.  If any provision of this Note is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Note will remain in full force and effect.  Any provision of this Note held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

6.8Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of Texas without regard to the choice of law principles thereof. Each of the parties hereto irrevocably submits to the exclusive venue and jurisdiction of the courts of the State of Texas located in Travis County and the United States District Court for the Western District of Texas for the purpose of any suit, action, proceeding or judgment relating to or arising out of this Agreement and the transactions contemplated hereby, and agrees that such venue and jurisdiction are appropriate and convenient for the parties. Service of process in connection with any such suit, action or proceeding may be served on each party hereto anywhere in the world by the same methods as are specified for the giving of notices under this Agreement. Each of the parties hereto irrevocably consents to the jurisdiction of any such court in any such suit, action or proceeding and to the laying of venue in such court. Each party hereto irrevocably waives any objection to the laying of venue of any such suit, action or proceeding brought in such courts and irrevocably waives any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.

6.9Time of Essence.  With regard to all dates and time periods set forth or referred to in this Note, time is of the essence.

[Signature Page Follows]

 

Exhibit 4.1

IN WITNESS WHEREOF, Maker has executed and delivered this Note as of the date first stated above.

		
	
 
	
ASTROTECH CORP.

	
 
	
By: /s/ Eric Stober
Eric Stober
Chief Financial Officer

	
ACKNOWLEDGED AND AGREED AS OF THE DATE FIRST STATED ABOVE:
	
 

	
 /s/ Thomas B. Pickens III
Thomas B. Pickens III

	
 

 

[Signature Page to Promissory Note]

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