Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
 FIRST
AMENDMENT TO TERM LOAN AGREEMENT 
 This FIRST AMENDMENT TO TERM LOAN AGREEMENT (this “Agreement”) dated as of
May 12, 2021, by and among BRUKER CORPORATION, a Delaware corporation (the “Company”), the Subsidiaries (if any) of the Company party to the Term Loan Agreement as borrowers (each a “Designated Borrower”
and, together with the Company, the “Borrowers” and, each a “Borrower”), the Subsidiaries of the Company party to the Term Loan Agreement as guarantors (each a “Subsidiary Guarantor” and, together
with the Borrowers, the “Loan Parties”), the Lenders (as defined in the Term Loan Agreement referred to below), and BANK OF AMERICA, N.A., as Administrative Agent (as defined in the Term Loan Agreement referred to below) for
such Lenders. 
 PRELIMINARY STATEMENTS 

(1) Reference is made to that certain Term Loan Agreement dated as of December 11, 2019 (as amended, restated, amended and restated,
extended, supplemented or otherwise modified from time to time, the “Term Loan Agreement”; terms defined therein unless otherwise defined herein being used herein as therein defined) among the Borrowers, the Lenders party thereto
time to time and BANK OF AMERICA, N.A., as Administrative Agent. 
 (2) The Borrower has requested that the Administrative Agent and
the Lenders make certain modifications to the Term Loan Agreement as set forth below. 
 (3) The undersigned Lenders and the Administrative
Agent are prepared to make such modifications to the Term Loan Agreement requested by the Borrower, subject to the conditions, and in reliance on the representations set forth herein. 

NOW THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the parties hereto hereby agree as
follows: 
 SECTION 1. Amendment to the Term Loan Agreement. 

 

	 	a.	 Amendment to Section 1.01 (Definitions). Section 1.01 (Definitions) of the Term
Loan Agreement is hereby amended by inserting the following new definition in the appropriate alphabetical order: 

“Amortization Payment Date” means each of the dates set forth below: 

 

					
	 Date
	  	Term Loan Amortization Amount1	 
	 December 13, 2021
	  	 	0.250	% 
	 March 11, 2022
	  	 	0.250	% 
	 June 13, 2022
	  	 	0.250	% 
	 September 12, 2022
	  	 	0.250	% 
	 December 12, 2022
	  	 	1.250	% 
	 March 13, 2023
	  	 	1.250	% 
	 June 12, 2023
	  	 	1.250	% 
	 Thereafter, on the 11th day of each of March,
June, September and December
	  	 	1.250	% 

  

	1 	 These percentages are the percentages included in the definition of Term Loan Amortization Amount and are
subject to that definition. 

	 	b.	 Amendment to Section 2.10 (Repayment of Loans; Evidence of Debt). Paragraph
(a) of Section 2.10 (Repayment of Loans; Evidence of Debt) of the Term Loan Agreement is hereby amended by deleting the words “On the last Business Day of each March, June, September and December” appearing at the beginning of
Section2.10(a) and inserting in lieu thereof the words “On each Amortization Payment Date”. 

 SECTION 2.
Representations and Warranties. Each Loan Party hereby represent and warrant that (a) the execution, delivery and performance by the Loan Parties of this Agreement and the consummation of the transactions contemplated hereby (i) are
within such Person’s organizational powers and have been duly authorized by all necessary organizational action, (ii) will not violate any organizational document of such Person or any of its Subsidiaries, any law, treaty, rule or
regulation, or determination of a Governmental Authority, in each case applicable to or binding upon such Person or any of its Subsidiaries or any of such Person’s property or to which such Person or any of its Subsidiaries or any of such
Person’s property is subject, or any judgment, order or ruling of any Governmental Authority, and (iii) will not violate or result in a default under any material contract of any Loan Party or any of its Subsidiaries or any of its assets
or give rise to a right thereunder to require any payment to be made by any Loan Party or any of its Subsidiaries, and (b) this Agreement has been duly executed and delivered by each Loan Party and constitutes the valid and binding obligation
of each Loan Party, enforceable against it in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by
general principles of equity. 
 SECTION 3. Reference to and Effect on the Loan Documents. The parties hereto hereby agree that this
Agreement shall constitute a “Loan Document” for all purposes of the Term Loan Agreement. 
 SECTION 4. Conditions
Precedent. This Agreement shall become effective as of the date first set forth above upon the receipt by the Administrative Agent of counterparts to this Agreement, duly executed by the Administrative Agent, each Lender and the Loan Parties.

 SECTION 5. Delivery by Electronic Transmission. Delivery of an executed counterpart of a signature page to this Agreement in
electronic format (including .pdf format) by electronic transmission shall be effective as delivery of an original executed counterpart of this Agreement. 

SECTION 6. GOVERNING LAW. THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR
OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

 SECTION 7. Expenses. The Borrower shall pay on demand all reasonable, documented out-of-pocket expenses in any way relating to the enforcement or protection of the Administrative Agent’s rights under this Agreement, including any incurred during any
“workout” or restructuring in respect of the Obligations and any incurred in the preservation, protection or enforcement of any rights of any guaranteed party in any proceeding under any Debtor Relief Laws. The obligations of the Borrower
under this provision shall survive the payment in full of the Obligations and termination of the Loan Documents. 
 SECTION 8. No
Waiver. Nothing contained herein shall constitute a waiver of, impair or otherwise affect any of the Obligations, Guaranteed Obligations or any other obligation of any party hereto. 

SECTION 9. Survival of Representations and Warranties. All representations and warranties made in this Agreement or any other Loan
Document shall survive the execution and delivery of this Agreement, and no investigation by the Administrative Agent or the Lenders shall affect the representations and warranties or the right of the Administrative Agent and the Lenders to rely
upon them. 
 [Remainder of page intentionally left blank; signature pages follow] 

 IN WITNESS WHEREOF, the parties have each caused this Agreement to be duly executed
and delivered by its officer thereunto duly authorized as of the date first above written. 
  

			
	Borrowers:
	
	BRUKER CORPORATION
		
	By:	 	 /s/ GERALD HERMAN

	 Name:
	 	 Gerald Herman

	 Title:
	 	 Vice President and Chief Financial Officer

			
	Subsidiary Guarantors:
	
	BRUKER SCIENTIFIC LLC
		
	By:	 	 /s/ KRISTIN CAPLICE

	Name:	 	Kristin Caplice
	Title:	 	Manager
	
	 BRUKER BIOSPIN CORPORATION

		
	By:	 	 /s/ GERALD HERMAN

	Name:	 	Gerald Herman
	Title:	 	Assistant Treasurer
	
	BRUKER AXS HOLDINGS, INC.
		
	By:	 	 /s/ GERALD HERMAN

	Name:	 	Gerald Herman
	Title:	 	Manager
	
	BRUKER NANO, INC.
		
	By:	 	 /s/ GERALD HERMAN

	Name:	 	Gerald Herman
	Title:	 	Treasurer

			
	BANK OF AMERICA, N.A., as Administrative
Agent, Lender
		
	By:	 	/s/ Linda E. C. Alto
	Name:	 	Linda E. C. Alto
	Title:	 	Vice President

			
	TD BANK, N.A., individually as a Lender
		
	By:	 	/s/ Matthew Waszmer
		 	Name: Matthew Waszmer
		 	Title: Senior Vice Presidentex_266715.htm

 

Exhibit 4.2

 

CORTLAND BANCORP

194 West Main Street

Cortland, OH 44410

 

August 5, 2021

 

Securities and Exchange Commission

100 F Street, NE

Washington, D.C. 20549

 

Re: Cortland Bancorp Quarterly Report on Form 10-Q for the quarter ended June 30, 2021

 

Ladies and Gentlemen:

 

Cortland Bancorp, an Ohio corporation, is today filing a Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 (the "Form 10-Q"), as executed on August 5, 2021.

 

Pursuant to the instructions relating to the Exhibits in Item 601(b)(4)(iii) of Regulation S-K, Cortland Bancorp hereby agrees to furnish the Commission, upon request, copies of instruments and agreements defining the rights of holders of its long-term debt and of the long-term debt of its consolidated subsidiaries, which are not being filed as exhibits to the Form 10-Q. No such instrument or agreement represents long-term debt exceeding 10% of the total assets of Cortland Bancorp and its subsidiaries on a consolidated basis.

 

Very truly yours,

 

	/s/ James M. Gasior	 
	
			James M. Gasior

				 
	
			President and CEOExhibit
10.5

 

THIS
PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION
OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO
THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY
NOTE

 

WODA
Corp, a Delaware corporation and blank check company located at 1013 Center Road, Suite 403-B, Wilmington, Delaware 19805, (the “Maker”),
promises to pay to the order of WODA LLC or its registered assigns or successors in interest (the “Payee”), or order,
the principal sum of up to Three Hundred Thousand Dollars ($300,000) in lawful money of the United States of America (the “Borrowing
Limit”), on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of
immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate by written
notice in accordance with the provisions of this Note.

 

1.
Principal. The principal balance of this Note shall be payable by the Maker on the earlier of: (i) July 31, 2021 or (ii) the
date on which Maker consummates an Initial Public Offering of its securities. The principal balance may be prepaid at any time.
Under no circumstances shall any individual, including but not limited to any officer, director, employee or shareholder of the
Maker, be obligated personally for any obligations or liabilities of the Maker hereunder. As used herein, “Initial Public
Offering” or “IPO” shall mean the closing of the issuance and sale of shares of Common Stock of the
Maker in the Maker’s first underwritten public offering pursuant to an effective registration statement under the Securities
Act.

 

2.
Interest. No interest shall accrue on the unpaid principal balance of this Note.

 

3.
Drawdown Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs
reasonably related to Maker’s Initial Public Offering of its securities. The principal of this Note may be drawn down from
time to time prior to the earlier of: (i) July 31, 2021 or (ii) the date on which Maker consummates an Initial Public Offering
of its securities, upon written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request
must state the amount to be drawn down, and must not be for an amount less than Five Thousand Dollars ($5,000) unless agreed upon
by Maker and Payee. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request;
provided, however, that the maximum amount of drawdowns collectively under this Note is the Borrowing Limit. Once an amount is
drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other
amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

 

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4.
Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of
any sum due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any
late charges and finally to the reduction of the unpaid principal balance of this Note.

 

5.
Events of Default. The following shall constitute an event of default (“Event of Default”):

 

(a)
Failure to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business
days of the date specified above.

 

(b)
Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or
the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts
become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 

(c)
Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect
of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering
the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period
of 60 consecutive days.

 

6.
Remedies.

 

(a)
Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this
Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder,
shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b)
Upon the occurrence of an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance of this Note, and
all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without
any action on the part of Payee.

 

7.
Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice
of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings
instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future
laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment,
levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment;
and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of
execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

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8.
Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default,
or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability
of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification
granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may
be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers,
guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

9.
Notices. All notices, statements or other documents which are required or contemplated by this Note shall be made in writing
and delivered: (i) personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic
transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such
other address or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail
address most recently provided to such party or such other electronic mail address as may be designated in writing by such party.
Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally,
on the business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business
day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

 

10.
Construction. This note shall be construed and enforced in accordance with the laws of Delaware, without regard to conflict
of law provisions thereof.

 

11.
Severability. Any provision contained in this Note, which 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.

 

12.
Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in
which the proceeds of the Initial Public Offering to be conducted by the Maker (including the deferred underwriters discounts
and commissions) and the proceeds of the sale of the warrants to be issued in a private placement to occur prior to the closing
of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus to be filed with the
Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment
or satisfaction for any Claim against the trust account for any reason whatsoever.

 

13.
Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent
of the Maker and the Payee.

 

14.
Assignment. No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto
(by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without
the required consent shall be void.

 

[Signature
page follows]

 

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IN
WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned
as of the day and year first above written.

 

	 	WODA
    CORP 
	 	 	 
	 	By:
    	 
	 	Name:
    	 
	 	Title:
    	 
	 	Date:
    	April
    5, 2021

 

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