Document:

Amended and Restated Assignment of Insurances

 Exhibit 10.9 

 
  

 
 AMENDED AND RESTATED
ASSIGNMENT OF INSURANCES 
 dated as of 
 March 21, 2012 
 by 

OMEGA PROTEIN, INC., 
 and 
 OMEGA PROTEIN CORPORATION 

collectively, as Assignor, 
 in favor of 
 WILMINGTON TRUST COMPANY, 

not in its individual capacity, 
 but solely as Trustee of the 
 Omega Master Vessel Trust 2012 

 
  

 

 AMENDED AND RESTATED ASSIGNMENT OF INSURANCES 

THIS AMENDED AND RESTATED ASSIGNMENT OF INSURANCES (this “Assignment”), dated as of March 21, 2012, is made
by OMEGA PROTEIN, INC., a Virginia corporation (“Shipowner”), and OMEGA PROTEIN CORPORATION, a Nevada corporation (“Omega” together with Shipowner, collectively, “Assignor”), in favor
of WILMINGTON TRUST COMPANY, not in its individual capacity, but solely as Trustee of the OMEGA MASTER VESSEL TRUST 2012, a Delaware statutory trust (“Assignee”). 

R E C I T A L S 
 A. Shipowner is the sole legal and beneficial owner of the whole of the United States flag vessels described on Exhibit A attached hereto and incorporated herein by reference (each, a
“Mortgaged Vessel”); and 
 B. All of the Mortgaged Vessels, save and except the vessel named G.P. Fisherman
with an Official Number 650282 duly documented in the name of Shipowner under the laws and flag of the United States of America (the “Additional Vessel”), are subject to and more particularly described in that certain First
Preferred Fleet Mortgage (as amended or supplemented from time to time in accordance with its terms, called the “Existing First Preferred Ship Mortgage”) dated as of October 21, 2009 executed by Shipowner in favor of Wells
Fargo Bank, National Association, a national banking association (“Wells Fargo”), as supplemented by that certain Supplement No. 1 to First Preferred Fleet Mortgage dated as of July 21, 2011 executed by Shipowner in favor
of Wells Fargo; and 
 C. As more fully described in the Existing First Preferred Ship Mortgage, pursuant to that certain Loan
Agreement (as amended from time to time in accordance with its terms, called the “Existing Loan Agreement”) dated as of October 21, 2009 among Assignor, each subsidiary of Omega listed as a “Guarantor” on the
signature pages thereto, and Wells Fargo, and other documents executed in connection therewith, Wells Fargo agreed to make available to Assignor a revolving credit facility (which included a sub-facility for the issuance of letters of credit) up to
$35,000,000.00 and to enter into various interest rate, commodity, currency hedging or swap transactions up to $25,000,000.00 and to provide certain treasury or cash management services up to $7,500,000.00; and 

D. Pursuant to the Existing First Preferred Ship Mortgage, Shipowner agreed, among other things, to insure and keep the Mortgaged
Vessels, save and except the Additional Vessel, insured in the name of Shipowner, naming Wells Fargo as an additional insured and as loss payee; and 
 E. Pursuant to that certain Assignment of Insurances (the “Existing Assignment”) dated as of October 21, 2009 by Assignor in favor of Wells Fargo, Assignor assigned to Wells Fargo
all of Assignor’s right, title and interest in and to the insurances in respect of the Mortgaged Vessels, save and except the Additional Vessel, and any proceeds related thereto; and 

F. Pursuant to that certain Amended and Restated Loan Agreement (as amended from time to time in accordance with its terms, called the
“Loan Agreement”) dated as of the date hereof, among Assignor, each subsidiary of Omega listed as a “Guarantor” on the signature 

 
pages thereto, and the financial institutions from time to time party thereto (“Lenders”), and Wells Fargo, as Administrative Agent (“Administrative Agent”),
Swing Line Lender and Issuing Lender, which amends and restates in its entirety the Existing Loan Agreement, and other documents executed in connection therewith, Lenders have agreed to make available to Assignor a revolving credit facility (which
includes sub-facilities for issuance of letters of credit and swingline loans) up to $60,000,000.00 with an accordion feature that allows for the expansion of the facility upon satisfaction of prescribed conditions up to an aggregate of
$70,000,000.00 and to enter into various interest rate, commodity, currency hedging or swap transactions and provide certain treasury or cash management services; and 
 G. Pursuant to that certain Master Vessel Trust Agreement, dated as of the date hereof, Administrative Agent and Wilmington Trust Company formed Assignee for the purpose of holding various collateral,
including the First Preferred Ship Mortgage (as defined below) and this Assignment, for the benefit of Administrative Agent; and 
 H. Pursuant to that certain Assignment of First Preferred Fleet Mortgage, dated as of the date hereof, Wells Fargo assigned the Existing First Preferred Ship Mortgage to Assignee, for the benefit of
Administrative Agent; and 
 I. Pursuant to an Amended and Restated First Preferred Fleet Mortgage, dated the date hereof (as
amended or supplemented from time to time in accordance with its terms, called the “First Preferred Ship Mortgage”) given by Shipowner in favor of Assignee, as supplemented by that certain Supplement No. 1 to Amended and
Restated First Preferred Fleet Mortgage dated the date hereof given by Shipowner in favor of Assignee, Shipowner agreed, among other things, to insure and keep each Mortgaged Vessel insured in the name of Shipowner, naming Assignee as an additional
insured and as loss payee; and 
 J. Pursuant to the terms of the Loan Agreement, Assignor is required to execute and deliver to
Assignee, as security for the Secured Obligations, an assignment of all of Assignor’s right, title and interest in and to the insurances in respect of each Mortgaged Vessel and any proceeds related thereto; and 

K. Assignor has requested, and Wells Fargo has agreed, to assign the Existing Assignment to Assignee and thereafter to amend and restate
the Existing Assignment with Assignee pursuant to the terms and conditions of this Assignment. 
 NOW, THEREFORE, in
consideration of the premises and of other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Assignor: 
 ARTICLE I 
 DEFINITIONS AND INTERPRETATION 

Section 1.01 Definitions. Each capitalized term used but not otherwise defined in this Assignment (including in the
introduction and recitals hereof) shall have the meaning given such term in the Loan Agreement unless the context shall otherwise require. Such terms include, without limitation, “Closing Date,” “Event of Default,”
“Loan Documents,” “Loan Party,” “Secured Obligations,” “Secured Parties,” and “Person.” 

  
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 Section 1.02 Interpretation. The definitions of terms herein shall apply equally
to the singular and plural forms of the terms defined. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. Unless the context requires otherwise
(a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject
to any restrictions on such amendments, supplements or modifications herein or therein), (b) any reference to any statute or act shall include all related current regulations and all amendments and any successor statutes, acts and regulations
(and any reference to any statute, act or regulation, without additional reference, shall be deemed to refer to federal statutes, acts and regulations of the United States), (c) any reference herein to any Person shall be construed to include
such Person’s successors and permitted assigns, (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Assignment in its entirety and not to any
particular provision hereof, and (e) each reference in herein to articles, sections, paragraphs, clauses and exhibits are to the articles, sections, paragraphs and clauses of, and the exhibits to, this Assignment. 

ARTICLE II 

ASSIGNMENT FOR SECURITY, ETC. 
 Section 2.01 Assignment. As security for the prompt payment and performance in full of the Secured Obligations, Assignor, as legal and beneficial owner, does hereby assign, transfer and set
over unto Assignee, for the benefit of Assignee and its successors and assigns, and does hereby grant Assignee a security interest in, all of Assignor’s right, title and interest, whether now existing or hereafter acquired, present or future,
in, to and under (a) all policies and contracts of insurance, including Assignor’s rights under all entries in any protection and indemnity or war risks association or club, which are from time to time taken out by or for Assignor in
respect of any Mortgaged Vessel, her hull, machinery, freights, disbursements, profits or otherwise, and all the benefits thereof, including all claims of whatsoever nature, as well as returns premiums (all of which are herein collectively called
the “Insurances”), and (b) all moneys and claims for moneys in connection therewith and all proceeds of all of the foregoing. 
 Section 2.02 Notices: Loss Payable Clauses. 
 (a) All Insurances,
except entries in protection and indemnity associations or clubs or insurances effected in lieu of such entries, relating to any Mortgaged Vessel shall contain a loss payable and notice of cancellation clause in accordance with the First Preferred
Ship Mortgage and substantially in the form of Exhibit B attached hereto and incorporated herein by reference or in such other form as Assignee may agree. 
 (b) All entries in protection and indemnity associations or clubs or insurances effected in lieu of such entries relating to any Mortgaged Vessel shall contain a loss payable and notice of cancellation
clause in accordance with the First Preferred Ship Mortgage and substantially in the form of Exhibit C attached hereto and incorporated herein by reference or in such other form as Assignee may agree. 

  
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 Section 2.03 Covenants and Undertakings. Assignor hereby covenants and agrees
with Assignee that: 
 (a) It shall do or permit to be done each and every act or thing which Assignee may from time to time
require to be done for the purpose of enforcing Assignee’s rights under this Assignment and shall allow its name to be used as and when required by Assignee for that purpose; and 

(b) It shall forthwith give notice of this Assignment, in the form set out in Exhibit D attached hereto and incorporated
herein by reference and identifying each Mortgaged Vessel by name and official number, or shall cause its insurance brokers to give such notice, to all insurers, underwriters, clubs and associations providing insurance in connection with any
Mortgaged Vessel and the earnings related thereto and procure that such notice is endorsed on all the policies and entries of insurances in respect of each Mortgaged Vessel and her earnings. 

Section 2.04 No Duty of Inquiry. Assignee shall not be obliged to make any inquiry as to the nature or sufficiency of any
payment received by it hereunder or to make any claim or take any other action to collect any moneys or to enforce any rights and benefits hereby assigned to Assignee or to which Assignee may at any time be entitled hereunder except such reasonable
action as may be requested by any underwriter, association or club. Assignor shall remain liable to perform all the obligations assumed by it in relation to the property hereby assigned and Assignee shall be under no obligation of any kind
whatsoever in respect thereof or be under any liability whatsoever (including any obligation or liability with respect to the payment of premiums, calls, assessments or any other sums at any time due and owing in respect of the Insurances) in the
event of any failure by Assignor to perform such obligations. 
 Section 2.05 Negative Pledge. Assignor does hereby
warrant and represent that it has not assigned or pledged, and hereby covenants that it shall not assign or pledge so long as this Assignment shall remain in effect, any of its rights, title or interest in the whole or any part of the moneys and
claims hereby assigned, to anyone other than Assignee, and it shall not take or omit to take any action, the taking or omission of which might result in an alteration or impairment of the rights hereby assigned or any of the rights created in this
Assignment; and Assignor hereby irrevocably appoints and constitutes Assignee as Assignor’s true and lawful attorney-in-fact, coupled with an interest in such money and claims assigned, with full power (in the name of Assignor or otherwise)
should an Event of Default exist to ask, require, demand, receive, compound and give acquittance for any and all moneys and claims for moneys assigned hereby, to endorse any checks or other instruments or orders in connection therewith and to file
any claims or take any action or institute any proceedings which Assignee may deem to be necessary or advisable and otherwise to do any and all things which Assignor itself could do in relation to the property hereby assigned, including filing any
and all Uniform Commercial Code financing statements or renewals thereof in collection with this Assignment without the signature of Assignor which Assignee may deem to be necessary or advisable to perfect or maintain the security interest granted
hereby. This power of attorney shall not create any fiduciary obligations or relationship on the part of the Assignee for the benefit of the Assignor. 

  
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 Section 2.06 Application of Proceeds. All moneys collected to received from time
to time by Assignee pursuant to this Assignment shall be applied or paid in accordance with Section 2.10 of the First Preferred Ship Mortgage. 
 Section 2.07 Further Assurances. Assignor hereby agrees that any time and from time to time upon the written request of Assignee it shall duly execute and deliver any and all such further
instruments and documents as may be specified in such request (which request shall be accompanied by the execution form of such instruments and documents) and as are necessary or desirable to perfect, preserve or protect the mortgage, security
interests and assignments created or intended to be created hereby, or to obtain for Assignee the full benefit of the specific rights and powers granted herein. 
 Section 2.08 Remedies Cumulative and Not Exclusive: No Waiver. Each and every right, power and remedy given to Assignee specifically or otherwise in this Assignment shall be cumulative and
shall be in addition to every other right, power and remedy herein specifically given or now or hereafter existing at law, in equity or by statute, and each and every right, power and remedy whether specifically herein given or otherwise existing
may be exercised from time to time and as often and in such order as may be deemed expedient by Assignee, and the exercise or the beginning of the exercise of any power or remedy shall not be construed to be a waiver of the right to exercise at the
same time or thereafter any other right, power or remedy. No delay or omission by Assignee in the exercise of any right, remedy or power or in the pursuance of any remedy shall impair any such right, power or remedy or be construed to be a waiver of
any default on the part of Assignor or any other Loan Party or to be an acquiescence therein; nor shall the acceptance by Assignee, Administrative Agent or any Secured Party of any security or of any payment of or on account of any of the amounts
due from the Loan Parties to Administrative Agent, any Secured Party, Assignee or other holders of any of the Secured Obligations and maturing after any breach or default or of any payment on account of any past breach or default be construed to be
a waiver of any right to take advantage of any future breach or default or of any past breach or default not completely cured thereby. For the avoidance of doubt, Assignee, its successors and assigns, shall be the only parties entitled to exercise
the remedies set forth hereunder. 
 Section 2.09 Invalidity. Any provision of this Assignment that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. In the event that it should transpire that by reason of any law or regulation, or by reason of a ruling of any court, or by any other reason
whatsoever, the assignment herein contained is either wholly or partly defective, Assignor hereby undertakes to furnish Assignee with an alternative assignment or alternative security and to do all such other acts as, in the sole opinion of
Assignee, shall be required in order to ensure and give effect to the full intent of this Assignment. 
 Section 2.10
Continuing Security. It is declared and agreed that the security created by this Assignment shall be held by Assignee as a continuing security for the prompt payment and performance in full of the Secured Obligations and that the security so
created shall not be satisfied by an intermediate payment, performance or satisfaction of any part of the Secured 

  
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Obligations hereby secured and that the security so created shall be in addition to and shall not in any way be prejudiced or affected by any collateral or other security now or hereafter held by
Assignee, Administrative Agent, any Secured Party or other holder of any of the Secured Obligations for all or any part of the moneys hereby secured. 
 Section 2.11 Termination. Once all of the Secured Obligations arising under the Loan Agreement and other Loan Documents have been fully and finally paid or otherwise performed in full or
Assignor is released therefrom in accordance with the terms of the Loan Agreement, all of the right, title and interest herein assigned shall revert to Assignor and this Assignment shall terminate. 

ARTICLE III 
 MISCELLANEOUS 
 Section 3.01 Notices, Etc. All notices and
other communications provided for hereunder shall be in writing and shall be given as set forth in the First Preferred Ship Mortgage. 
 Section 3.02 Amendments, Etc. No amendment or waiver of any provision of this Assignment, and no consent to any departure by Assignor herefrom, shall in any event be effective unless the same
shall be in writing and signed by Assignee, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 
 Section 3.03 Counterparts. This Assignment may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one
and the same agreement. Delivery of an executed counterpart of this Assignment by telecopier shall be equally as effective as delivery of an original executed counterpart of this Assignment. If Assignor shall deliver an executed counterpart of this
Assignment by telecopier, Assignor also shall deliver an original executed counterpart of this Assignment, but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this
Assignment. 
 Section 3.04 Acceptance. This Assignment shall be deemed accepted by Assignee upon its delivery by
the Assignor on the Closing Date. 
 Section 3.05 GOVERNING LAW. THIS ASSIGNMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF TEXAS APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF TEXAS, EXCEPT THE RULES GOVERNING CONFLICTS OF LAW. 
 Section 3.06 CONSENT TO JURISDICTION: SERVICE OF PROCESS AND VENUE. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS ASSIGNMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF TEXAS IN THE
COUNTY OF HARRIS COUNTY OR OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF TEXAS, AND, BY EXECUTION AND DELIVERY OF THIS ASSIGNMENT, ASSIGNOR IRREVOCABLY ACCEPTS IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE
JURISDICTION OF THE 

  
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AFORESAID COURTS. ASSIGNOR HEREBY IRREVOCABLY APPOINTS THE SECRETARY OF STATE OF THE STATE OF TEXAS AS ITS AGENT FOR SERVICE OF PROCESS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING AND FURTHER
IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS AND IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO ASSIGNOR AT ITS ADDRESS FOR NOTICES AS
SET FORTH IN THE LOAN AGREEMENT AND TO THE SECRETARY OF STATE OF THE STATE OF TEXAS, SUCH SERVICE TO BECOME EFFECTIVE TEN (10) DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF ASSIGNEE TO EFFECT SERVICE OF PROCESS IN ANY OTHER
MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ASSIGNOR IN ANY OTHER JURISDICTION. ASSIGNOR HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR
HEREAFTER HAVE TO THE JURISDICTION OR LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ASSIGNOR HAS OR HEREAFTER
MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, ASSIGNOR HEREBY
IRREVOCABLY WAIVES SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS ASSIGNMENT. 
 Section 3.07 WAIVER OF JURY
TRIAL, ETC. ASSIGNOR WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM CONCERNING ANY RIGHTS UNDER THIS ASSIGNMENT, OR UNDER ANY AMENDMENT, WAIVER, CONSENT, INSTRUMENT, DOCUMENT OR OTHER AGREEMENT DELIVERED OR WHICH
IN THE FUTURE MAY BE DELIVERED IN CONNECTION HEREWITH, OR ARISING FROM ANY FINANCING RELATIONSHIP EXISTING IN CONNECTION WITH THIS ASSIGNMENT, AND AGREES THAT ANY SUCH ACTION, PROCEEDINGS OR COUNTERCLAIM SHALL BE TRIED BEFORE A COURT AND NOT BEFORE
A JURY. ASSIGNOR CERTIFIES THAT NO OFFICER, REPRESENTATIVE, AGENT OR ATTORNEY OF ASSIGNEE HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT ASSIGNEE WOULD NOT, IN THE EVENT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM, SEEK TO ENFORCE THE FOREGOING
WAIVERS. ASSIGNOR HEREBY ACKNOWLEDGES THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE LENDERS ENTERING INTO THE LOAN AGREEMENT AND THE OTHER LOAN DOCUMENTS. 
 Section 3.08 ENTIRE AGREEMENT. THIS ASSIGNMENT, THE LOAN AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

  
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 [Remainder of page is blank. Signatures appear on next page.] 

  
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 IN WITNESS WHEREOF, Assignor has caused this Assignment to be executed and delivered on the
day and year first above written. 
  

			
	 ASSIGNOR:
  

OMEGA PROTEIN, INC.

		
	By: 	 	/s/ Andrew Johannesen
		 	Andrew Johannesen
		 	Vice President and Chief Financial Officer

  

			
	OMEGA PROTEIN CORPORATION
		
	By: 	 	/s/ Andrew Johannesen
		 	Andrew Johannesen
		 	 Executive Vice President and

Chief Financial Officer

  
 Signature Page
to Amended and Restated Assignment of Insurances 

 CONSENT TO AMENDED AND RESTATED ASSIGNMENT OF INSURANCES 

Wells Fargo hereby (i) grants, bargains, sells, transfers, assigns and conveys unto Assignee, all of its rights, title and interests
in and to the Existing Assignment, (ii) acknowledges that all loss payable and notice of cancellation clauses contemplated by the Existing Assignment are no longer effective, and (iii) acknowledges that all loss payable and notice of
cancellation clauses contemplated by the Assignment shall be in favor of Assignee. 
  

			
	 WELLS FARGO:
  

WELLS FARGO BANK, NATIONAL ASSOCIATION

		
	By: 	 	/s/ John A. Kallina
		 	John A. Kallina
		 	Senior Vice President

  
 Signature Page
to Amended and Restated Assignment of InsurancesAmended and Restated Aircraft Security Agreement

 Exhibit 10.10 
 AMENDED AND RESTATED AIRCRAFT SECURITY AGREEMENT 
 THIS AMENDED
AND RESTATED AIRCRAFT SECURITY AGREEMENT (this “Agreement”) is entered into as of March 21, 2012 among OMEGA PROTEIN CORPORATION, a Nevada corporation (the “Company”), OMEGA PROTEIN, INC., a
Virginia corporation (“OPI” and, together with the Company, the “Borrowers” and each a “Borrower”), together with the other parties identified as “Obligors” on the signature page hereto
and such other parties that may become Obligors hereunder after the date hereof (together with the Borrowers, individually an “Obligor”, and collectively the “Obligors”) in favor of WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, in its capacity as administrative agent (the “Administrative Agent”) for the Secured Parties (defined below). 
 R E C I T A L S: 
 A. The Company or OPI are the legal and beneficial
owners of the whole of each of the Airframe (as defined in the Existing Security Agreement) which are subject to and more particularly described in that certain Aircraft Security Agreement (as amended or supplemented from time to time in accordance
with its terms, called the “Existing Security Agreement”) dated October 21, 2009 given by Borrowers, together with the other parties identified as “Obligors” on the signature pages thereto (together with the
Borrowers, collectively the “Existing Obligors”) in favor of Wells Fargo Bank, National Association, a national banking association (“Wells Fargo”), which was recorded by the Federal Aviation Administration Civil
Aviation Registry (the “Registry”) on November 5, 2009 and assigned Conveyance No. CW001594, as assigned by that certain Assignment of Aircraft Security Agreement dated March 21, 2012 by Wells Fargo, as assignor in
favor of the Administrative Agent, as assignee, which was filed with the FAA simultaneously herewith, reference to which is hereby made for all purposes; and 
 B. As more fully described in the Existing Security Agreement, pursuant to that certain Loan Agreement dated as of October 21, 2009 (as amended, modified, extended, renewed or replaced from time to
time, the “Existing Loan Agreement”, the form of which, without Schedules or Exhibits, is attached as Exhibit A to the Existing Security Agreement) among the Borrowers and Wells Fargo, Wells Fargo agreed to make loans,
issue letters of credit and make other financial accommodations upon the terms and subject to the conditions set forth therein; and 
 C. The Existing Obligors have requested, and Wells Fargo has agreed, to assign the Existing Security Agreement to the Administrative Agent and thereafter to amend and restate the Existing Security
Agreement with Administrative Agent pursuant to the terms and conditions of this Agreement; and 
 D. Pursuant to that certain
Amended and Restated Loan Agreement dated as of the date hereof (as amended, modified, extended, renewed or replaced from time to time, the “Loan Agreement”, the form of which, without Schedules or Exhibits, is attached as
Exhibit A hereto for definitional purposes only and incorporated herein by reference) among the Borrowers, each subsidiary of Company listed as a “Guarantor” on the signature pages thereto, and the financial institutions from
time to time party thereto (the “Lenders”), and Administrative Agent, the Lenders have agreed to make loans, issue letters of credit and make other financial accommodations upon the terms and subject to the conditions set forth
therein; and 

 E. Pursuant to that certain Assignment of Aircraft Security Agreement, dated as of the date
hereof, and being filed and recorded with the Registry immediately prior to the filing and recordation of this Agreement, Wells Fargo assigned the Existing Security Agreement to the Administrative Agent; and 

F. This Agreement, which is intended to amend and restate the Existing Security Agreement in its entirety, is required by the terms of
the Loan Agreement. 
 NOW, THEREFORE, in consideration of these premises and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 Section 1. 

(a) Defined Terms. The following terms used herein shall have the meanings set forth below: 

“Aircraft” means and includes (a) the Airframe, (b) the Engines, and (c) any and all manuals, logbooks,
flight records, maintenance records, and other historical information or records of each Obligor relating to (a) or (b). 

“Airframe” means and includes that certain airframe identified on Exhibit B attached hereto and incorporated
herein by reference, and any airframes described on a mortgage supplement hereto, together with any and all parts, appliances, components, instruments, accessories, accessions, attachments, equipment, or avionics (including, without limitation,
radio, radar, navigation systems, or other electronic equipment but excluding Engines or engines installed thereon) installed in, attached to, appurtenant to, or delivered with or in respect of such Airframe. 

“Collateral” has the meaning provided in Section 2 of this Agreement. 

“Cape Town Treaty” has the meaning provided in 49 U.S.C. § 44113(1). 

“Engine” means and includes those certain aircraft engines installed on an Airframe together with any and all parts,
appliances, components, accessories, accessions, attachments or equipment installed on, appurtenant to, or delivered with or in respect of such Engines. 
 “Event of Default” means the failure of any Obligor to comply with the terms of this Agreement or any Event of Default as defined in the Loan Agreement. 

“International Registry” has the meaning provided in 49 U.S.C. § 44113(3). 

(b) Terms Defined in the Loan Agreement. All other terms used herein which are defined in the Loan Agreement shall have the same
meaning herein unless the context otherwise requires. Such terms include, without limitation, “Closing Date”, “Liens”, “Loan Documents”, “Loan Party”, “Person”,
“Required Lenders”, “Secured Obligations”, and “Secured Parties”. 

  
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 Section 2. Grant of Security Interest. To secure the payment of the Secured
Obligations, however created, arising or evidenced, whether direct or indirect, absolute or contingent, now existing or hereafter acquired, and future advances, and all costs and expenses incurred by the Administrative Agent to obtain, preserve,
perfect and enforce the security interest granted herein and to maintain, preserve and collect the property subject to the security interest, each Obligor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a
continuing first priority security interest in and lien upon the following described property, whether now owned or hereafter acquired (collectively, the “Collateral”): (i) the Aircraft owned by the specific Obligor as listed
on Exhibit B (including, without limitation, the Airframe and the Engines); (ii) all right, title, and interest of each Obligor in and to any purchase agreement, rental agreement, charter agreement, or other agreement(s) respecting the
Aircraft and/or any of the Engines, including, but not limited to, Obligor’s right to receive, either directly or indirectly, from any party or Person, any rents or other payments due under such agreement(s); (iii) the propellers (if any),
appliances, and spare parts identified and/or described by type and location on Exhibit B hereto; (iv) any and all substitutions, replacements, and proceeds of any of the foregoing items, including, but not limited to, proceeds of
insurance covering the Airframe, the Engines, and or any other portion of the Collateral, and any and all accounts, general intangibles, contract rights, inventory, equipment, money, drafts, instruments, deposit accounts, or other tangible or
intangible property of each Obligor resulting from the sale (authorized or unauthorized) or other disposition of the Collateral, or any portion thereof, and the proceeds thereof, and (v) all proceeds of the foregoing. 

Section 3. Obligors’ Warranty of Title. Except for the security interest granted under this Agreement, each Obligor warrants
that such Obligor is (or, to the extent that the Collateral is to be acquired hereafter, will be) the owner of the Collateral free from any prior security interest, lien or encumbrance. Each Obligor will defend the Collateral against all claims and
demands of all Persons or entities claiming any interest therein. 
 Section 4. International Registry. Each Obligor
warrants that none of the Aircraft are capable of transporting eight (8) or more persons (including crew), or goods in excess of 2750 kilograms and that each Engine has less than 550 rated takeoff shaft horsepower or the equivalent of such
horsepower. 
 Section 5. Obligors Will Execute and Deliver Documents. Each Obligor will, at the Administrative
Agent’s written request, furnish the Administrative Agent such information and execute and deliver to the Administrative Agent such documents and do all such acts and things as Administrative Agent may reasonably request and as are necessary or
appropriate to assist the Administrative Agent in establishing and maintaining a valid security interest in the Collateral and to assure that the Collateral is properly titled and registered and the security interest perfected to the Administrative
Agent’s satisfaction. The Obligors will pay the cost of filing all appropriate documents in all public offices where the Administrative Agent deems such filings to be necessary or desirable. The Obligors will and, as applicable, hereby
authorize the Administrative Agent to: (a) record, register and file the security interest under this Agreement, each and every supplement hereto, and such notices, financing statements, registrations and other

  
 3 

 
instruments as may from time to time be requested by the Administrative Agent with the appropriate agencies, if any, in the United States of America (including the filing of UCC-1 financing
statements in the United States of America) and with the International Registry established under the Cape Town Treaty as adopted by the United States of America, as the Administrative Agent may reasonably require in its sole and absolute discretion
to perfect, maintain perfected or further protect the Administrative Agent’s security interest for the benefit of the Secured Parties in the Aircraft and the other items of the Collateral, the value or priority thereof, and the rights and
remedies of the Administrative Agent hereunder, such recordation, registration and filing to be in form and substance acceptable to the Administrative Agent; (b) furnish evidence of every such recording, registering and filing; and
(c) execute and deliver or perform, or cause to be executed and delivered or performed, such further and other instruments reasonably requested by the Administrative Agent as are required to carry out the intent and purpose of this Agreement
and to subject the Collateral to the lien created or intended to be created by this Agreement, including (i) any and all acts and things which may be reasonably requested by the Administrative Agent with respect to the terms of the Convention
on the International Recognition of Rights in Aircraft signed at Geneva, Switzerland on June 19, 1948 and the laws and regulations of the United States of America, including the Cape Town Treaty, to perfect and preserve the rights of the
Administrative Agent hereunder, and (ii) defending the title of the Obligors to the Collateral and any and all parts thereof, by means of negotiation and, if necessary, appropriate legal proceedings, against every party claiming the same
through or under the Obligors or otherwise. 
 Section 6. Power of Attorney. Each Obligor hereby irrevocably appoints the
Administrative Agent, on behalf of the Secured Parties, as its attorney-in-fact and agent with full power of substitution and resubstitution for it and in its name (which power shall be exercisable only during the existence of an Event of Default)
and coupled with an interest in the Collateral to endorse the name of such Obligor on any checks or other instruments or evidences of payment or other documents in connection with or pertaining to the Collateral that may come into the possession of
the Administrative Agent; to compromise, prosecute or defend any action, claim or proceeding concerning the Collateral provided that the Administrative Agent has given notice of same to such Obligor; to do any and all acts which such Obligor
is obligated hereby to do with respect to the Collateral; to exercise such rights as such Obligor might exercise with respect to the Collateral; to give notice of the Administrative Agent’s security interest for the benefit of the Secured
Parties in and to collect the Collateral and any proceeds thereof, and to execute and file in such Obligor’s name any financing statements, continuation statements, and amendments thereto required to perfect, maintain perfected or further
perfect the Administrative Agent’s security interest for the benefit of the Secured Parties in the Collateral granted hereunder, for the purposes of protecting and preserving the Collateral and the Administrative Agent’s rights hereunder
and therein, as and to the extent otherwise provided herein; and to do and perform each and every act necessary and proper to carry out the purposes contemplated in this Agreement, as such Obligor might or could do, if personally present, and such
Obligor hereby ratifies and approves all that the Administrative Agent and the Secured Parties shall do or cause to be done by virtue hereof. 

  
 4 

 Section 7. Operation, Maintenance and Repair. The Obligors shall operate, maintain
and repair the Collateral and retain actual control and possession thereof in accordance with the following provisions: 
 (a)
The Obligors shall have complete use of the Collateral until an Event of Default, and the Obligors shall use, operate, maintain and store the Collateral, or any part hereof, properly, carefully and in compliance with all applicable statutes,
ordinances, regulations, policies of insurance and manufacturer’s recommendations, including the recommendations or requirements set forth in manufacturer’s operating and maintenance manuals. 

(b) The Obligors agree that the Collateral will be operated only by duly certified and qualified pilots and shall be based within the
geographical boundaries of the United States of America. 
 (c) The Obligors shall be responsible for and pay for all expenses
of owning and operating the Collateral, including, but not limited to, storage, fuel, lubricants, service, inspections, overhauls, replacements, maintenance and repairs, all in compliance with the manufacturer’s operating and maintenance
manuals and with Federal Aviation Administration rules and regulations. The Obligors shall properly maintain all records pertaining to the maintenance and operation of the Collateral. 

Section 8. Insurance. The Obligors will, at their own expense, keep the Collateral insured at all times against loss, damage,
theft and such other casualties as the Administrative Agent may reasonably require (including hull insurance) in such amounts, under such forms of policies, upon such terms, for such periods and with such companies or underwriters as the
Administrative Agent may (but has no obligation to) approve. Such insurance policies shall name the Administrative Agent as additional insured on liability coverage and as loss payee on all-risk coverage. Losses or refunds in all cases shall be
payable to the Administrative Agent and the Obligors as their interests may appear. In no event shall the amount of such physical damage insurance be less than the greater of the full replacement value or the fair market value of the Aircraft. All
policies of insurance shall provide for at least thirty (30) days’ prior written notice of cancellation to the Administrative Agent, and shall contain a breach of warranty endorsement in favor of the Administrative Agent. The
Administrative Agent may obtain such insurance if the Obligors do not provide such insurance. The Obligors shall furnish to the Administrative Agent proof satisfactory to the Administrative Agent of compliance with the provisions of this
Section 8. The Administrative Agent, and its assigns, are each hereby irrevocably appointed attorneys-in-fact for the Obligors coupled with an interest in the Collateral to endorse for any Obligor any checks, drafts or other instruments
whatsoever payable to such Obligor as proceeds or refunds for any such insurance and to make claims of loss and to sign proofs of loss against any insurance company and to receive all payments. The Obligors will pay any deductible portion of such
insurance. All risk of loss, damage, destruction or confiscation shall at all times be with the Obligors. 
 Section 9. Each
Obligor’s Possession. Until the existence of an Event of Default, the Obligors may have possession of the Collateral and use it in any lawful manner not inconsistent with this Agreement and the Loan Agreement. The Administrative Agent may
examine and inspect the Collateral, wherever located, at all reasonable times, subject to the terms of the Loan Agreement. At its option, but without assuming any obligation to do so, the Administrative Agent may discharge taxes, liens or security
interests, or other encumbrances levied or asserted against the Collateral, may place and pay for insurance thereof, may order and pay for the repair, maintenance and preservation thereof, and may pay any necessary filing or recording fees.

  
 5 

 
Amounts paid by the Administrative Agent under the preceding sentence shall be added to the Secured Obligations, shall be secured by the Collateral and shall be payable upon demand, together with
interest at the rate computed as provided in the Loan Agreement until paid in full. The Obligors shall at all times keep the Collateral and any proceeds therefrom separate and distinct from other property of the Obligors and shall keep accurate and
complete records of the Collateral and any such proceeds. 
 Section 10. Default. During the existence of an Event of
Default, the Administrative Agent may require the Obligors to assemble the Collateral and make it available to the Administrative Agent at a place to be designated by the Administrative Agent which is reasonably convenient to both parties. The
requirements of the Texas Uniform Commercial Code for reasonable notification to the Obligors of the time and place of any proposed public sale of the Collateral or of the time after which any private sale or other intended disposition is to be made
shall be met if such notice is mailed, postage prepaid, to each Obligor’s address, as shown herein, at least ten (10) days before the time of the sale or disposition. The proceeds of any such disposition shall be applied to pay the Secured
Obligations in the manner contemplated by the Loan Agreement. The Obligors shall be jointly and severally liable for any deficiency after application of such proceeds, to the extent permitted by law. If after the default by any Obligor, the
Collateral is returned to or recovered by the Administrative Agent, the Obligors agree the Administrative Agent may fly or otherwise move the Collateral for demonstration or other purposes reasonably related to a proposed public or private sale or
other disposition of the Collateral. 
 Section 11. Waiver of Default. No waiver by the Administrative Agent of any
default or Event of Default shall be effective unless in writing, nor operate as a waiver of any other default or Event of Default or of the same default or Event of Default in the future. 

Section 12. Restriction on Transfer or Liens. No Obligor will, without the prior written consent of the Administrative Agent, sell
or otherwise transfer or encumber the Collateral, or any interest therein, or offer to do so or remove or attempt to remove the Collateral from the United States of America (except in the normal operation of each Obligor’s business or except as
permitted under the Loan Agreement). Except as permitted under the Loan Agreement, the Obligors will keep the Collateral free from any adverse security interest, lien or encumbrance and will not permit the Collateral to be attached or replevied.

 Section 13. Taxes. The Obligors will promptly pay, when due, all taxes and assessments upon the Collateral or upon its
use or operation. 
 Section 14. Change of Address. The Obligors represent that their chief executive office is at
2105 Citywest Blvd., Suite 500, Houston, Texas 77042-2838. The Obligors agree that the location of such chief executive office shall not be changed without ten (10) days’ prior written notice to the Administrative Agent. 

  
 6 

 Section 15. Governing Law; Service of Process; Waiver of Jury Trial. 

(a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF TEXAS, EXCEPT
THE RULES GOVERNING CONFLICTS OF LAW. 
 (b) SUBMISSION TO JURISDICTION. EACH OBLIGOR IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF TEXAS SITTING IN HARRIS COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF TEXAS, AND ANY APPELLATE COURT FROM ANY THEREOF,
IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE LOAN AGREEMENT OR ANY OTHER RELATED LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES
THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH TEXAS STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT
IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT, THE LOAN AGREEMENT OR IN ANY OTHER RELATED LOAN DOCUMENT SHALL
AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, THE LOAN AGREEMENT OR ANY OTHER RELATED LOAN DOCUMENT AGAINST ANY OBLIGOR OR ANY OTHER PERSON OR ENTITY OR
ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 (c) WAIVER OF VENUE. EACH OBLIGOR IRREVOCABLY AND UNCONDITIONALLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE LOAN AGREEMENT OR ANY OTHER RELATED LOAN
DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION
OR PROCEEDING IN ANY SUCH COURT. 
 (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES HEREIN. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

  
 7 

 (e) WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE LOAN AGREEMENT OR ANY OTHER RELATED LOAN DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE LOAN AGREEMENT AND THE OTHER RELATED LOAN
DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 Section 16. Attorneys’
Fees. In the event suit is brought by the Administrative Agent to interpret, construe or enforce any term or provision of this Agreement, to collect any money due thereunder, or to obtain any money damages or equitable relief for breach of the
Agreement, the Administrative Agent shall be entitled, in addition to any other available remedy, for reimbursement of reasonable attorneys’ fees, court costs, costs of investigation and related expenses. 

Section 17. Enforceability. The unenforceability of any provision hereof shall not affect the validity of any other provision
hereof. 
 Section 18. Binding Agreement. All obligations of each Obligor hereunder shall bind the heirs, legal
representatives, successors and assigns of such Obligor. The liabilities of the Obligors hereunder shall be joint and several. All rights of the Administrative Agent and the Secured Parties hereunder shall inure to the benefit of their successor and
assigns. 
 Section 19. Assignment. This Agreement shall be binding upon each Obligor, its successors and assigns and
shall inure, together with the rights and remedies of the Administrative Agent and the Secured Parties hereunder, to the benefit of the Administrative Agent and the Secured Parties and their respective successors and permitted assigns. The
Administrative Agent and/or the Required Lenders may from time to time assign its rights and interests as “Collateral Agent” to a successor Administrative Agent, co-agent, sub-agent or attorney-in-fact appointed in accordance with the Loan
Agreement, and such successor, if appointed in accordance with the Loan Agreement, shall be entitled to all of the rights and remedies of the Administrative Agent under this Agreement in relation thereto. 

Section 20. No Fiduciary Relationship. The granting of any power of attorney in this Agreement shall not create any fiduciary
obligations or relationship on the part of the Administrative Agent or any Lender for the benefit of any Obligor. 
 Section 21.
Rights Cumulative. The rights, powers and remedies of Administrative Agent hereunder shall be in addition to all rights, powers and remedies given by statute, rule of law or any other Loan Document and are cumulative. The exercise of any one
or more of the 

  
 8 

 
rights, powers and remedies provided herein shall not be construed as a waiver of any of the other rights, powers and remedies of Administrative Agent. Furthermore, regardless of whether or not
the Uniform Commercial Code is in effect in the jurisdiction where such rights, powers and remedies are asserted, Administrative Agent shall have the rights, powers and remedies of a secured party under the Uniform Commercial Code, as amended from
time to time. 
 Section 22. Written Changes Only. No term or provision of this Agreement may be changed or waived
orally, but only by an instrument in writing signed by the parties hereto. 
 Section 23. Notices. All notices and other
communications hereunder shall be in writing and shall be mailed by first-class mail, postage prepaid, sent via recognized overnight courier service, or sent by telecopier, addressed if to the Administrative Agent, as the following addresses:

 Wells Fargo Bank, National Association 
 2500 Citywest Blvd., Suite 1100 
 Houston, Texas 77042 

Attention: John L. Kallina 
 Telephone: (713) 273-8513 
 Telecopier: (713) 273-8530 

With a copy to: 

Winstead PC 

1100 JPMorgan Chase Tower 
 600 Travis Street 
 Houston, Texas 77002 

Attention: Nelson R. Block 
 Telephone: (713) 650-2746 
 Telecopier: (713) 650-2400 

or at such other address for such purpose as the Administrative Agent shall have furnished to Obligor in writing, or 

if to Obligor, at the following address: 
 Omega Protein Corporation 
 2105 Citywest Blvd., Suite 500 

Houston, Texas 77042-2838 
 Attention: Andrew Johannesen 
 Telephone: (713) 940-6113 

Telecopier: (713) 940-6122 

  
 9 

 With a copy to: 
 Porter & Hedges, LLP 1000 
 Main Street, Suite 3600 

Houston, Texas 77001 
 Attention: William W. Wiggins, Jr. 
 Telephone: (713) 226-6627 

Telecopier: (713) 226-6227 
 Section 24. Rights of Required Lenders. Pursuant to Section 9.03(b) of the Loan Agreement, all rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may
be exercised by the Required Lenders. 
 Section 25. Counterparts. This Agreement may be executed in multiple
counterparts, which taken together shall constitute one instrument and each of which shall be considered an original for all purposes. 
 Section 26. Prior Agreement. This Agreement is a complete amendment and restatement of the Existing Security Agreement, and the Liens contained in the Existing Security Agreement are carried
forward, renewed and extended to secure the obligations and indebtedness secured by the Existing Security Agreement. This Agreement and the security interest herein granted are in addition to, and not in substitution, novation or discharge of, any
and all prior or contemporaneous security agreements and security interests in favor of Wells Fargo, the Administrative Agent or assigned to the Administrative Agent by others. All rights, powers and remedies of the Administrative Agent in all such
security agreements are cumulative, but in the event of actual conflict in terms and conditions, the terms and conditions of the latest security agreement shall govern and control. 

Section 27. Acceptance. This Agreement shall be deemed accepted by the Administrative Agent and the Lenders upon its delivery by
the Obligors on the Closing Date. 
 Section 28. Entire Agreement. THIS AGREEMENT, THE LOAN AGREEMENT AND THE OTHER
RELATED LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

 [Remainder of page is blank. Signatures appear on following pages.] 

  
 10 

 IN WITNESS WHEREOF, the Obligors have caused this Agreement to be executed by their
respective officers as of the date set forth above. 
  

			
	OBLIGORS:
	
	OMEGA PROTEIN CORPORATION
		
	By:	 	/s/ Andrew Johannesen
		 	 Andrew Johannesen
 Executive
Vice President and
 Chief Financial Officer

	
	OMEGA PROTEIN, INC.
		
	By:	 	/s/ Andrew Johannesen
		 	 Andrew Johannesen
 Vice
President and Chief Financial Officer

	
	PROTEIN FINANCE COMPANY
		
	By:	 	/s/ Andrew Johannesen
		 	 Andrew Johannesen
 Vice
President

	
	OMEGA SHIPYARD, INC.
		
	By:	 	/s/ Andrew Johannesen
		 	 Andrew Johannesen
 Vice
President

  
 Signature Page
to Amended and Restated Aircraft Security Agreement 

 
			
	PROTEIN INDUSTRIES, INC.
		
	By: 	 	/s/ Andrew Johannesen
		 	 Andrew Johannesen
 Vice
President

	
	CYVEX NUTRITION, INC.
		
	By:	 	/s/ Andrew Johannesen
		 	 Andrew Johannesen
 Vice
President

	
	INCON PROCESSING, L.L.C.
		
	By:	 	/s/ Andrew Johannesen
		 	 Andrew Johannesen
 Vice
President

  
 Signature Page
to Amended and Restated Aircraft Security Agreement

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