Document:

LightPath Technologies, Inc. 8-K

Exhibit 10.4

JOINDER AGREEMENT

This Joinder Agreement
(the “Joinder”) is entered into as of December 22, 2016 by and among ISP Optics Corporation (“Target”)
for the benefit of Avidbank (“Bank”).

RECITALS

Bank and LightPath
Technologies, Inc. (“Parent”) are parties to that certain Loan and Security Agreement dated as of September 30, 2013
(the “Loan Agreement”), as may be amended from time to time, including the Second Amended and Restated Loan and Security
Agreement dated December 21, 2016. By execution below, Target intends to join as a borrower under the Loan Agreement in accordance
with the terms set forth in this Joinder and pursuant to Section 12.6 of the Agreement.

AGREEMENT

1.       

ADDITION OF CO-BORROWER.
Target is hereby added to the Loan Agreement as a “Borrower” thereunder, and each reference to “Borrower”
in the Loan Agreement and any other Loan Document shall mean and refer to each of Parent, Target, and each of Parent’s Subsidiaries
named as a Borrower thereunder, individually and collectively. Target assumes, as a joint and several obligor thereunder, all of
the Obligations, liabilities and indemnities of a Borrower under the Loan Agreement and all other Loan Documents; and covenants
and agrees to be bound by and adhere to all of the terms, covenants, waivers, releases, agreements and conditions of or respecting
a Borrower with respect to the Loan Agreement and the other Loan Documents and all of the representations and warranties contained
in the Loan Agreement and the other Loan Documents with respect to a Borrower. Without limiting the generality of the foregoing,
Target grants Bank a security interest in the Collateral described on Exhibit A to the Loan Agreement to secure performance and
payment of all Obligations under the Loan Agreement, and authorizes Bank to file financing statements or other instruments with
all appropriate jurisdictions to perfect or protect Bank’s interest or rights hereunder and under the Loan Documents.

2.       

ADDITIONAL DOCUMENTS.
In connection with and in furtherance of the foregoing, Target hereby also delivers to Bank the following documents:

(a)       

corporate resolutions
and incumbency certificate duly executed by Target, with certified copies of Target’s formation documents;

(b)       

delivery of share
certificates of with respect to ISP Optics Latvia, SIA, a limited liability company formed under the Laws of the Republic of Latvia
and registered with the commercial register under registration No. 40103009686, if certificated, with stock powers;

(c)       

intellectual property
security agreement duly executed by Target;

(d)       

lockbox service agreement
duly executed by Target; and

(e)       

certificate(s) of
insurance naming Bank as the loss payee and additional insured to insurance policies of Target.

3.       

MISCELLANEOUS.
Unless otherwise defined, all initially capitalized terms in this Joinder shall be as defined in the Agreement. The Agreement,
as amended hereby, shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified
and confirmed in all respects. In the event that any signature to this Joinder is delivered by facsimile transmission or by e-mail
delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing
(or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature
page were an original hereof.

[signature
page follows]

    	 

    	 

    

 

In
Witness Whereof, the undersigned have caused this Joinder to be entered into as of the date set forth above.

ISP OPTICS CORPORATION

	By:	/s/ J. James Gaynor
	 	 
	Name:	 J. James Gaynor
	 	 
	Title:	Chief Executive Officer

 

Acknowledged and agreed to by:

LIGHTPATH TECHNOLOGIES, INC.

	By:	/s/ J. James Gaynor
	 	 
	Name:	 J. James Gaynor
	 	 
	Title:	Chief Executive OfficerUnassociated Document

 

 

Exhibit 10.1

Equity Transfer Agreement

 

Party A (Transferor): Wuhan Aoxin Tianli Enterprise Investment Management Co., Ltd

 

Party B (Transferee): Zhongbicheng Holdings Co., Ltd

 

Party C (Transfer Target): Hubei Hang-ao Servo-valve Manufacturing Technology Co., Ltd

 

WHEREAS, Party A legally owns 88% Equity of Party C, and Party A voluntarily wants to transfer 88% equity of Party C to Party B; AND

 

WHEREAS, Party B agrees to accept the 88% equity of Party C; AND

 

WHEREAS, the Board of Directors of Party A also consents to transfer 88% equity of Party C to Party B;

 

NOW, THEREFORE, in consideration of the foregoing premises and the friendly negotiations among Party A and Party B, the following equity transfer agreement is entered in accordance with the principle of equality and mutual benefit.

Section I Equity Transfer

	
  

	
1.

	
Party A consents to transfer 88% equity of Party C to Party B, Party B agrees to accept the equity;

	
  

	
2.

	
The above-mentioned equity shall include all the attached interests and rights under that equity, and shall be free and clear of (including, but not limited to) all liens, pledges, encumbrances, charges, restrictions or known claims of any kind, nature or description.

	
  

	
3.

	
When the agreement takes effect, Party A shall not burden any obligations and responsibilities for the operational management and claims and Debts of Party C.

Section II Transferring Price and the Payment Methods

	
  

	
1.

	
Upon the terms and subject to the conditions of this Agreement, Party A agrees to transfer the 88% equity of Party C to Party B at the price of RMB 26 million Yuan, Party B agrees the price for the equity.

 

  

  

  

 

  

 

	
  

	
2.

	
Party B agrees to make a prepayment of RMB 5 million Yuan to the bank accounts designated by Party A within 3 days upon the execution of this agreement, and the remaining purchase price will be paid before December 30, 2016.

	
  

	
3.

	
Party A agrees that Party B can start to process the business registration upon the payment of the remaining purchase price.

 

Section III Representations of Party A

	
  

	
1.

	
Party A is the exclusive owner of the transferring equity set forth in Section I.

	
  

	
2.

	
From the effective date of the agreement, Party A shall fully quit from the operations of Party C, and shall not have the rights of the distribution of the assets, properties and profits.

Section IV Representations of Party B

	
  

	
1.

	
Party B acknowledges and complies with the Amended Articles of Association of Party C;

	
  

	
2.

	
Party B ensures to pay the purchase price in terms of the payment deadline and method stipulated in Section II.

	
  

	
3.

	
Party B promises to take responsibities stipulated in Section I Article 3.

Section V Expense from the Equity Transfer

All the parties agree all the transferring fees and related expenses shall be undertaken by Party B.

Section VI Liability for Breach of Contract

	
  

	
1.

	
If any party violates or fails to implement any clauses of the agreement, the breaching party should indemnify all the economic losses of the non-breaching party;

	
  

	
2.

	
If party B fails to pay the equity purchase price timely according to the regulations of Section II, party A shall have the right to charge the overdue fine at the rate of 5‰ per day commencing the date of the deadline stipulated in Section II. When Party B pays the overdue fine, but the loss caused to Party A is over the overdue fine, or other damages are caused due to the breaching of Party B, it shall not impact Party A to claim for the indemnification regarding to the excess portion between the overdue fine and the loss and other damages.

 

  

  

  

 

  

 

Section VII Confidentiality

Both Parties shall have the obligations to keep confidential regarding each party’s commercial information acquired during the performing of the agreement, the confidentiality is still valid and effective upon the termination of the agreement. Should any party violates the confidential clause and causes loss to the other party, it should undertake all the charges and losses of the other party.

 

Section VIII   Effective Clauses and Miscellaneous

	
  

	
1.

	
This agreement shall be effective upon the execution of Party A, Party B.

	
  

	
2.

	
Any disputes caused by the implement of this agreement must be first settled by Party A and Party B pursuant to the principle of friendly negotiations. In case no such settlement can be reached, either party has the right to file a suit to the People’s court where Party A is located. 

	
  

	
3.

	
This agreement is in triplicate, each of the parties holds one copy, and all of which shall be deemed to be an original and share the same legal effect.

Party A (Transferor): Wuhan Aoxin Tianli Enterprise Investment Management Co., Ltd

Legal Person or authorized representative:

Party B (Transferee): Zhongbicheng Holdings Co., Ltd

Legal Person or authorized representative:

Party C (Transfer Target): Hubei Hang-ao Servo-valve Manufacturing Technology Co., Ltd

Legal Person or authorized representative:

 

       Date: December 23, 2016ex10a.htm

Exhibit (10)(a)

Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm

We consent to the reference to our firm under the caption “Independent Registered Public Accounting Firm” in Post-Effective Amendment No. 31 to the 1933 Act Registration Statement (Form N-4 No. 333-141754) and Amendment No. 306 to the 1940 Act Registration Statement (Form N-4 No. 811-08441), and to the use therein of our reports dated (a) March 31, 2016, with respect to the financial statements of Lincoln Life & Annuity Company of New York and (b) April 12, 2016, with respect to the financial statements of Lincoln Life & Annuity Variable Annuity Account H for the interests in a separate account under individual flexible payment deferred variable annuity contracts.

 

/s/ Ernst & Young LLP

 

Philadelphia, Pennsylvania

December 27, 2016

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