Document:

EXHIBIT 10.4

 

EXHIBIT
C

 

REQUIRED
SHAREHOLDER ACTIONS PURSUANT TO SECTION 1.4(b)

 

	1.	To change the name of the Company
to, “Praxsyn Corporation.”

 

	2.	To
                                         increase the number of authorized shares of Common Stock to number of shares sufficient
                                         to provide for the conversion, if demanded, of all authorized shares of preferred stock,
                                         all outstanding warrants, options and convertible debenture, if any.

 

	3.	To
                                         authorize the Board of Directors to designate, from the already authorized ten million
                                         (10,000,000) shares of preferred stock, classes of stock with whatsoever rights and preferences
                                         as the board of directors may so choose, including voting and super-majority voting privileges.

 

	4.	To
                                         amend the articles so that actions which, by the terms of the Illinois Business Corporation
                                         Act of 1983, would normally require a two-thirds (2/3) majority vote of the shareholders
                                         to pass shall only require a simple majority.EXHIBIT 10.1

 

DOCUMENT PREPARED BY AND AFTER

RECORDED PLEASE RETURN TO:

Catherine A. Tanck

Davenport, Evans, Hurwitz & Smith,
L.L.P.

PO Box 1030

206 West 14th Street

Sioux Falls, SD 57101-1030

605-336-2880

 

ASSIGNMENT OF AMENDED AND RESTATED

CONTRACT FOR DEED AS COLLATERAL

 

THIS ASSIGNMENT
OF AMENDED AND RESTATED CONTRACT FOR DEED (sometimes hereinafter referred to as the “Assignment”) is made and entered
into as of this 3rd day of January, 2014, by and between Verity Farms, L.L.C., of 47184 258th St., Sioux
Falls, Minnehaha County, South Dakota, hereinafter referred to as “Borrower,” and Duane Spader, of 1100 E. 64th
St. North, Sioux Falls, Minnehaha County, South Dakota, hereinafter referred to as “Lender”;

 

W I T N E S S E T
H:

 

WHEREAS,
has entered into an Amended and Restated Contract for Deed dated as of December 27, 2012, with Spader, Inc., a South Dakota corporation
(the “Amended and Restated Contract for Deed”), providing for the purchase of real property situated in Minnehaha County,
South Dakota, described as follows:

 

The Northwest
Quarter of the Southeast Quarter (NW1/4SE1/4), the West Half of the Northeast Quarter (W1/2NE1/4), the South Half of the
Northwest Quarter (S1/2NW1/4), and the Northeast Quarter of the Southwest Quarter (NE1/4SW1/4), all in Section 24, Township
102 North, Range 40 West of the 5th P.M., Minnehaha County, South Dakota, which real property is hereinafter
referred to as the “Property.” The Amended and Restated Contract for Deed is incorporated herein by this
reference;

 

WHEREAS,
Borrower and Lender have entered into a Revolving Credit Agreement of even date herewith (said Agreement, as it may hereafter be
amended, supplemented or other modified from time to time, being the “Credit Agreement”) (terms defined in the Credit
Agreement and not otherwise defined in this Assignment are used in this Assignment as defined in the Credit Agreement);

 

WHEREAS,
pursuant to the Credit Agreement, Borrower is entering into this Assignment in order to provide to Lender as collateral Borrower’s
interest in the Amended and Restated Contract for Deed as further described herein,

 

    	 

    	Assignment of Amended and Restated Contract for Deed As Collateral

                                                                                Page 2

    

 

NOW,
THEREFORE, in consideration of the foregoing premises and the mutual representations, warranties, and covenants hereinafter set
forth, IT IS HEREBY AGREED by and between the parties hereto as follows:

 

1.Borrower covenants
that it has fulfilled and will continue to fulfill all of the terms and conditions of the aforementioned Amended and Restated Contract
for Deed, and it will not consent to or enter into any alteration, amendment, or cancellation of said Amended and Restated Contract
for Deed without first obtaining the written consent of Lender. In the event Borrower fails to fulfill all of the terms and conditions
of the aforementioned Amended and Restated Contract for Deed, Lender shall have the remedies set forth herein below. In the event
Borrower enters into any alteration, amendment, or cancellation of said Amended and Restated Contract for Deed without the prior
written consent of Lender, such alteration, amendment or cancellation shall not be valid or enforceable insofar as Lender or any
third parties are concerned.

 

2.This Assignment
of Amended and Restated Contract for Deed is given to Lender as collateral to secure Borrower’s payment and performance of
the Note, and of all sums, with interest, which may become due and payable to Lender under this Assignment and to secure Borrower’s
performance and discharge of its obligations and agreements under this Assignment and under the Amended and Restated Contract for
Deed.

 

3.Borrower makes
the following representations and warranties to Lender:

 

		(a)	The Credit Agreement and all documents relating thereto, including but
not limited to this Assignment, have been validly executed and delivered and each is a valid and enforceable obligation of Borrower
in accordance with its respective terms;

 

		(b)	The Amended and Restated Contract for Deed is currently unencumbered, valid,
and in full force and effect in accordance with its terms;

 

		(c)	Neither party is in default under any of the terms, conditions, or covenants
contained in the Amended and Restated Contract for Deed;

 

		(d)	The Property is free from liens, encumbrances, and claims of every kind
whatsoever save and except the amount currently due in accordance with the terms of the Amended and Restated Contract for Deed;
and

 

		(e)	The balance due under said Amended and Restated Contract for Deed that
is unpaid as of the date of this Assignment is $2,400,000.00, plus interest at 6% per annum, from and after December 27, 2012.

 

    	 

    	Assignment of Amended and Restated Contract for Deed As Collateral

                                                                                Page 3

    

 

4.Lender agrees
not to apply or enforce this Assignment of Amended and Restated Contract for Deed for so long as Borrower shall fully and promptly
comply with all of the terms of the Credit Agreement and all documents relating thereto, including but not limited to this Assignment,
and of each and every other note, mortgage, security interest or other obligation to Lender undertaken by Borrower, and so long
as Borrower shall fulfill all of the terms and conditions of the Amended and Restated Contract for Deed. Upon the occurrence of
any default or failure of performance by Borrower under the Credit Agreement or any other document relating thereto, including
but not limited to this Assignment, or any other note, mortgage, security agreement, other obligation to Lender of Borrower, or
the Amended and Restated Contract for Deed, Lender may, upon ten (1) days’ written notice, apply and enforce this Assignment
of Amended and Restated Contract for Deed and exercise all of the rights and remedies hereunder and assume and/or become responsible
for the obligations of Borrower under said Amended and Restated Contract for Deed.

 

5.The failure or
omission by Lender to enforce this Assignment of Amended and Restated Contract for Deed shall not impair the force and effect of
this Assignment of Amended and Restated Contract for Deed or prejudice the right of Lender to further enforce this Assignment of
Amended and Restated Contract for Deed. The rights of Lender hereunder are cumulative and may be exercised solely at the discretion
of Lender. Furthermore, it is understood and agreed that Lender does not, by the execution of this Assignment, or by its acceptance
hereof, or by the making of any payments due pursuant to the Amended and Restated Contract for Deed, assume any liability under
or become liable in any manner whatsoever for the performance of the terms and conditions of said Amended and Restated Contract
for Deed unless or until Lender shall definitively assume any such obligations.

 

In the
event of default by Borrower in the fulfillment of any of the terms and conditions of the obligations described above, or any of
them, or the Amended and Restated Contract for Deed, and upon the expiration of ten (10) days after written to by Lender to Borrower
of Lender’s intention to exercise this Assignment of Amended and Restated Contract for Deed, Lender is hereby given and granted
full power and authority, in its sole discretion:

 

		(a)	To enter upon and take possession of the Property described in the Amended
and Restated Contract for Deed; to demand, collect and receive from any tenant or tenants in possession of the Property or any
part thereof, or from any other person or persons liable therefor, all of the rents and revenues from such tenant or tenants or
other persons which may be due and unpaid and which may thereafter become due; to institute and prosecute summary proceedings for
the removal of any tenant or tenants or other persons from the Property; and to pay the costs and expenses of all such suits and
proceedings out of the rents and other revenues received;

 

    	 

    	Assignment of Amended and Restated Contract for Deed As Collateral

                                                                                Page 4

    

 

		(b)	To maintain the Property and to keep the same in repair; to pay out of
the rents and other revenues received, if any, the costs thereof and of all services of all employees, including their equipment,
and all of the operating expenses and expenses of maintaining and keeping the Property in repair and in proper condition, and also
all interest on the principal sum of the Amended and Restated Contract for Deed above mentioned now due and unpaid and hereafter
to become due and all of the above-mentioned principal sum of said Amended and Restated Contract for Deed now due and unpaid hereafter
to become due, and also all taxes and assessments now due and unpaid and which may hereafter become due and a charge or lien upon
the Property; and to pay the premiums on policies of fire or other insurance now or hereafter effected by Lender as security for
the amount secured by the Assignment of the Amended and Restated Contract For Deed. If there are no rents or revenues from the
Property or if the rents or revenues are insufficient for the foregoing purposes, any and all sums expended by Lender pursuant
to this paragraph shall be repaid by Borrower to Lender with interest thereon from the date of payment thereof at the Default Rate
(as defined in the Revolving Credit Line Note) and such payment or payments with such interest shall, to the extent permitted by
law, be a lien or liens upon the Property and shall be secured by this Assignment of Amended and Restated Contact for Deed;

 

		(c)	To execute and comply with all of the laws of the State of South Dakota
and also all of the laws, rules, orders, ordinances, and requirements of any and all agencies, bureaus, and departments affecting
the Property and to pay the costs thereof out of the rents and other revenues received, if any; and if there be no rents or revenues
from the Property, or if the rents or revenues are insufficient for the foregoing purposes, any and all sums expended by Lender
pursuant to this paragraph shall be repaid by Borrower to Lender with interest thereon from the date of payment thereof at the
Default Rate (as defined in the Revolving Credit Line Note) and such payment or payments with such interest shall, to the extent
permitted by law, be a lien or liens upon the Property and shall be secured by this Assignment of Amended and Restated Contact
for Deed.

 

		(d)	To rent or lease the whole or any part of the Property for such term or
terms and on such conditions as Lender may deem proper;

 

		(e)	To employ an agent or agents to rent and manage the Property and to collect
the rents and other revenues thereof and to pay the reasonable value of its or their services out of the rents and revenues received;

 

    	 

    	Assignment of Amended and Restated Contract for Deed As Collateral

                                                                                Page 5

    

 

		(f)	To maintain general liability insurance, rent insurance, and worker’s
compensation law insurance (in addition to the fire insurance mentioned above) and generally such other insurance as is customarily
maintained by an owner of real property of a style and kind of the Property or as Lender may deem advisable or necessary to maintain
in such amount or amounts as Lender in his discretion may deem necessary and to pay the premiums and charges therefor out of the
rents and other revenues received, if any; and if there be no rents or revenues from the Property, or if the rents or revenues
are insufficient for the foregoing purposes, any and all sums expended by Lender pursuant to this paragraph shall be repaid by
Borrower to Lender with interest thereon from the date of payment thereof at the Default Rate (as defined in the Revolving Credit
Line Note) and such payment or payments with such interest shall, to the extent permitted by law, be a lien or liens upon the Property
and shall be secured by this Assignment of Amended and Restated Contact for Deed.

 

		(g)	To act exclusively and solely in the place and stead of Borrower and to
have all of the powers as vendee as possessed by the Borrower for the purpose aforesaid.

 

Lender
in his sole discretion, shall, from time to time, determine to which one or more of the purposes aforesaid the rents and revenues,
if any shall be applied and the amount to be applied thereto.

 

6.Notwithstanding
anything contained in this Assignment of Amended and Restated Contract for Deed, Lender has the right to commence and prosecute
any action which he may be entitled to commence and prosecute for the collection of the Note and other amount or amounts due Lender
from Borrower, and no provision of this Assignment shall prejudice any other rights or remedies of Lender.

 

7.Miscellaneous.

 

		(a)	Whenever any of the parties hereto is referred to, such reference shall be deemed to include the
successors and assigns of such party. All representations and warranties contained herein or otherwise heretofore made by Borrower
to Lender shall survive the execution and delivery hereof. The singular of all terms used herein shall include the plural, the
plural shall include the singular, and the use of any gender herein shall include all other genders, where the context so requires.

 

		(b)	The unenforceability or invalidity of any provision or provisions of this Assignment of Amended
and Restated Contract for Deed as to any persons or circumstances shall not render that provision or any other provision or provisions
herein contained unenforceable or invalid as to any other persons or circumstances, and all provisions hereof in all other respects
shall remain valid and enforceable.

 

		(c)	All notices provided for herein shall be in writing and shall be deemed to have been given (unless
otherwise required by the specific provisions hereof in respect of any matter) when delivered personally or when deposited in the
United States mail, registered or certified, return receipt requested, postage prepaid, addressed as follows:

 

    	 

    	Assignment of Amended and Restated Contract for Deed As Collateral

                                                                                Page 6

    

 

	 	If to Borrower:	Verity Farms, LLC
	 	 	47184 258th St.
	 	 	Sioux Falls, SD 57107

 

	 	If to Lender:	Duane Spader
	 	 	1100 E. 64th St. N.
	 	 	Sioux Falls, SD 57104

 

			or addressed to any such party at such other address as such party shall hereafter furnish by ten
(10) days prior written notice to the other parties hereto.

 

		(d)	If any action or proceeding be commenced by Lender or commenced or threatened by any other party,
to which action or proceeding the Lender is made a party, or in which it becomes necessary, in the Lender’s reasonable opinion,
to defend or uphold the lien of Lender, or to protect the Property or any part thereof, including any foreclosure or commencement
of foreclosure, all reasonable sums paid by the Lender including reasonable attorney’s fees, and costs and allowances, if
then permitted by the laws of the State of South Dakota and whether suit be brought or not, shall be paid, upon demand, to Lender
by the Borrower, together with interest at the rate then provided for in the Note.

 

		(e)	This Assignment of Amended and Restated Contract for Deed shall be governed by and interpreted
in accordance with the laws of the State of South Dakota.

 

		(f)	Borrower agrees to reimburse Lender for Lender’s costs for preparation of the Note and this
Assignment of Amended and Restated Contract for Deed.

 

IN WITNESS
WHEREOF, this Assignment of Amended and Restated Contract for Deed has been executed by the parties on the day and year first above
written.

 

	 	VERITY FARMS, L.L.C.
	 	 	 
	 	By:	/s/
    VERLYN E. SNELLER
	 	Its:	President
	 	 	BORROWER
	 	 	 
	 	 	/s/
    DUANE SPADER
	 	 	Duane Spader
	 	 	LENDER

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