Document:

EX-4.4

 Exhibit 4.4 

TGR Financial, Inc. Logo 
 FORM OF 
 SHAREHOLDER COMMON STOCK WARRANT 

In connection with the acquisition of all of the outstanding shares of common stock, $5.00 par value per share of First National Bank of
the Gulf Coast, a national banking association (the “Bank”) by TGR Financial, Inc., a Florida corporation (“TGR”), TGR hereby grants to the person(s) identified on the books of the Bank as a warrant holder (the
“Warrant Holder”) a warrant (the “Warrant”), subject to the following terms and conditions: 

1. Grant of Warrant. TGR hereby grants to the Warrant Holder a Warrant representing the right to purchase shares of the fully-paid
and nonassessable common stock, $1.00 par value per share, of TGR (the “Shares”), subject to the terms, conditions and adjustments set forth herein. 
 2. Expiration Date. This Warrant shall expire and all rights hereunder shall cease at 5:00 p.m., Eastern Time, on October 23, 2014, which is the fifth anniversary of the consummation date of
the acquisition of the Bank by Panther Community Bank, N.A. (subject to earlier termination in certain circumstances pursuant to Section 11 below) (the “Expiration Time”). 

3. Number of Shares Covered by Warrant; Exercise Price. The number of Shares for which the Warrant may be exercised, subject to
adjustment as provided in Section 4 below, shall be as set forth on the books of TGR and in the transmittal letter accompanying this Warrant. The Shares subject to the Warrant may be purchased in whole or in part in accordance with the terms of
the Warrant. The price per share for the Shares purchased upon exercise of the Warrant shall be $10.00 per share, subject to adjustment as provided in Section 4 below (the “Exercise Price”). The right of exercise shall be
cumulative, so that if the Warrant is not exercised for the maximum number of Shares permissible on any exercise date, it shall be exercisable, in whole or in part, with respect to the Shares not so purchased at any time prior to the Expiration
Time. 
 4. Adjustments in Number of Shares and Exercise Price. If, prior to the Expiration Time, TGR shall subdivide its
outstanding Shares into a greater number of Shares, or declare and pay a dividend of its shares payable in additional Shares, the Exercise Price, as then in effect, shall be proportionately reduced, and TGR shall proportionately increase the number
of Shares then subject to exercise under the Warrant. If, prior to the Expiration Time, TGR shall combine its outstanding shares into a lesser number of shares, the Exercise Price, as then in effect, shall be proportionately increased, and TGR shall
proportionately reduce the number of Shares then subject to exercise under the Warrant. 

  
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 5. Exercise of Warrant. 

(a) Vesting. The Warrant shall be exercisable in full or in part beginning at 5:00 p.m., Eastern Time, on [___________, 2012], the
consummation date of the acquisition of the Bank by TGR. 
 (b) Manner of Exercise. Subject to the terms hereof, the
Warrant may be exercised by the Warrant Holder by transmitting a completed exercise form and the required payment, by mail or hand-delivery, to the Secretary of TGR at TGR’s main office or at such other address as TGR shall have notified the
Warrant Holder in writing, specifying the number of Shares to be purchased and the purchase price to be tendered in payment for the shares in accordance with paragraph 5(c) below. No fractional Shares will be issued upon exercise of the Warrant.

 (c) Payment of Exercise Price. Payment of the purchase price for the number of Shares as to which the Warrant is
exercised shall be by check payable to the order of TGR in an amount equal to the Exercise Price multiplied by the number of Shares being purchased. 
 6. Delivery of Written Notices. Upon receipt of the items set forth in Section 5, TGR, at its expense, shall cause to be delivered to the Warrant Holder: 

(a) a written notice that shall set forth the name, location and state of organization of TGR, the name of the Warrant Holder, the number
of duly authorized, fully paid and nonassessable Shares which the Warrant Holder holds as a result of the exercise of such Warrant, any applicable restrictions on the transfer of such Shares, and such other information as required by law; and

 (b) in the case of a partial exercise, a written notice specifying the number of Shares as to which the Warrant shall be
exercisable, which shall be equal in number to the number of shares called for on the books of TGR less the number of Shares as to which the Warrant has been exercised. 
 7. Reservation of Shares. TGR shall at all times reserve and keep available a number of its authorized but unissued shares of its common stock sufficient to permit the exercise in full of this
Warrant. 
 8. Restrictions on Exercise. Notwithstanding anything in the Warrant to the contrary, the Warrant may not be
exercised (i) if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or banking laws, or other law or regulation or (ii) unless TGR or the Warrant Holder, as applicable,
obtains any approval or other clearance which TGR determines to be necessary or advisable from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, or any
other federal or state banking regulatory agency with regulatory authority over the operation of TGR (collectively the “Regulatory Agencies”). TGR may require representations and warranties from the Warrant Holder as required to
comply with applicable laws or regulations, including the Securities Act of 1933, as amended (the 

  
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“Securities Act”), regulations of the Regulatory Agencies, and state securities laws. In addition, TGR shall not be obligated to deliver any Shares pursuant to the exercise of
the Warrant and shall have no obligation to settle the Warrant exercise unless a registration statement under the Securities Act with respect to the Shares is effective and a prospectus (a “Prospectus”) complying in all material
respects with the regulations of the Securities and Exchange Commission (the “SEC”) is available for delivery by TGR. In the event that a registration statement with respect to the Shares underlying the Warrant is not effective
under SEC regulations or a Prospectus relating to the Shares is not available for delivery by TGR, the Warrant Holder shall not be entitled to exercise the Warrant and the Warrant may have no value and expire worthless. In no event will TGR be
required to net cash settle the exercise of the Warrant. 
 9. No Rights or Liabilities as Shareholder. The Warrant
Holder shall have no rights or any obligations or liabilities as a shareholder of TGR with respect to any Shares which may be purchased upon exercise of the Warrant unless and until the Warrant Holder has been registered as the owner of such Shares
on the books of TGR and a written notice as set forth in Section 6 above is duly delivered to the Warrant Holder. 
 10.
Merger of TGR. If, subsequent to the consummation date of the acquisition of the Bank by TGR, TGR merges with another company and the Warrant Holder surrenders any required transmittal materials, the Warrant Holder shall be entitled to a
warrant of like tenor for the purchase of common stock of the surviving company. All other terms and conditions of the Warrant shall remain in full force and effect as set forth herein. 

11. Mandatory Exercise; Termination. 
 (a) TGR may be required to increase its capital to meet capital requirements imposed by statute, rule, regulation, or guideline. In order to achieve such capital increase, the Regulatory Agencies may
direct TGR to require the Warrant Holder to either (i) exercise or forfeit all or part of the Warrant or (ii) allow all or such part of the Warrant to be terminated. If the Regulatory Agencies so direct TGR, then the Warrant Holder must
exercise or forfeit the Warrant as set forth below, subject to the terms set forth in Section 8 hereof. 
 (b) When TGR is
required to increase its capital as described in subsection (a) above, TGR shall send a notice (the “Notice”) to the Warrant Holder (i) specifying the number of Shares relating to the Warrant for which the Warrant must be
exercised (the “Number”) (if less than all shares relating to warrants held by all holders of warrants of TGR under agreements substantially similar to this one are required by TGR to be exercised or cancelled, the Number for the
Warrant Holder shall reflect a proportionate allocation based on the number of Shares subject to the Warrant as compared to the total number of shares subject to warrants held by all such warrant holders as a group); (ii) specifying the date
prior to which the Warrant must be totally or partially exercised, as the case may be (the “Deadline”); and (iii) stating that the failure of the Warrant Holder to exercise the Warrant shall result in its automatic termination.

  
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 (c) If the Warrant Holder does not exercise the Warrant pursuant to the terms of the Notice,
the Warrant shall be automatically terminated on the Deadline, without further act or action by the Warrant Holder or TGR, and the Warrant shall be cancelled on the books of TGR. If the Number is less than the total number of Shares that are then
subject to exercise under the Warrant, TGR shall deliver a written notice in compliance with Section 6(b) hereof. 
 12.
Clerical Changes to Warrant. TGR may, without the consent of the Warrant Holder, make changes to the Warrant that (i) are required to cure any ambiguity or to correct any defective or inconsistent provision or clerical omission or
mistake in the Warrant, (ii) add to the covenants and agreements that TGR is required to observe, or (iii) result in the surrender of any right or power reserved or conferred upon TGR in the Warrant, but which changes do not or will not
materially affect, alter, or change the rights, privileges or immunities of the Warrant Holders. 
 13. Transfer and
Assignment. Subject to applicable law, including OCC regulations and state and federal securities laws, the Warrant is transferable by the registered holder(s) in person or by duly authorized agent on the books of TGR by delivering
a properly completed form of assignment attached hereto to the Secretary of TGR. 
 14. Governing Law. To the extent not
preempted by the laws of the United States, the terms of the Warrant are to be construed and enforced in accordance with and governed by the procedural provisions and substantive law of the State of Florida. 

15. Miscellaneous. 
 (a) Except as provided herein, the terms of the Warrant may not be amended or otherwise modified unless evidenced in writing and signed by an authorized officer of TGR and the Warrant Holder or his or her
duly appointed attorney-in-fact. 
 (b) All notices under the Warrant shall be mailed or delivered by hand to the parties at
their respective addresses as recorded in the official shareholder records of TGR or at such other address as the parties may from time to time provide to each other in writing. 

IN WITNESS WHEREOF, TGR has caused the Warrant to be issued in its corporate name by its duly appointed officer. 

 

			
	TGR FINANCIAL, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Date:	 	 

  
 4FIRST AMENDMENT TO
CREDIT
AGREEMENT 

     THIS FIRST
AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered into as of June
28, 2012, by and among the Lenders identified on the signature pages hereof
(such Lenders, together with their respective successors and permitted assigns,
are referred to hereinafter each individually as a "Lender" and collectively as the
"Lenders"),
WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company, as
administrative agent for the Lenders (in such capacity, "Agent") and QUANTUM
CORPORATION, a Delaware corporation ("Borrower"). 

    
WHEREAS, Borrower, Agent, and Lenders are parties to that certain Credit
Agreement dated as of March 29, 2012 (as amended, modified or supplemented from
time to time, the "Credit
Agreement"); 

    
WHEREAS, Borrower, Agent and Lenders have agreed to amend the Credit
Agreement in certain respects, subject to the terms and conditions contained
herein. 

    
NOW THEREFORE, in consideration of the premises and mutual agreements
herein contained, the parties hereto agree as follows: 

    
1. Defined Terms. Unless otherwise
defined herein, capitalized terms used herein shall have the meanings ascribed
to such terms in the Credit Agreement. 

    
2. Amendments to Credit Agreement.
Subject to the satisfaction of the conditions set forth in Section 5 below and in
reliance upon the representations and warranties of Borrower set forth in
Section 6
below, the Credit Agreement is amended as follows:

    
(A) The
first sentence of clause (iii) of Section 2.3(d) of the Credit Agreement is
hereby amended and restated in its entirety, as follows: 

Each
Protective Advance and each Overadvance made pursuant to Section 2.3(d)(ii)
(collectively, each an "Extraordinary Advance") shall be deemed to be a
Revolving Loan hereunder, except that no Extraordinary Advance shall be eligible
to be a LIBOR Rate Loan and, prior to Settlement thereof, all payments on the
Extraordinary Advances shall be payable to Agent solely for its own account.

    
(B) Clause
(i) of Section 2.4(e) of the Credit Agreement is hereby amended and restated in
its entirety, as follows: 

         
(i) Borrowing Base. Other than in
connection with any Extraordinary Advance, if, at any time, the Revolver Usage
on such date exceeds the lesser of (i) the Maximum Revolver Amount and (ii) the
Borrowing Base reflected in the Borrowing Base Certificate most recently
delivered by Borrower to Agent, then Borrower shall promptly, but in any event,
within 1 Business Day, prepay the Obligations in accordance with Section 2.4(f) in an
aggregate amount equal to the amount of such excess.

1 

     (C) Section
2.10(c) of the Credit Agreement is hereby amended by (i) amending and restating
the proviso set forth therein in its entirety, as follows: 

          ;
provided,
that (x) so long as no Event of Default shall have occurred and be continuing
and Average Liquidity for each month (or, with respect to the month ended March
31, 2012, partial month) is not less than (I) $20,000,000, for each month during
the period commencing on the Closing Date and ending on March 31, 2013, or (II)
$25,000,000, for each month during the period from and after April 1, 2013,
Borrower shall not be obligated to reimburse Agent for any field examinations,
appraisals or intellectual property valuations and Agent shall not have the
right to conduct more than 1 field examination and 1 appraisal of each type of
Collateral during any calendar year, and (y) if an Event of Default has occurred
and is continuing or Average Liquidity for any month (or, with respect to the
month ended March 31, 2012, partial month) is less than (I) $20,000,000, for any
month during the period commencing on the Closing Date and ending on March 31,
2013, or (II) $25,000,000, for any month during the period from and after April
1, 2013, Borrower shall be obligated to reimburse Agent for no more than 2 field
examinations during any calendar year, no more than 1 appraisal of each type of
Collateral during any calendar year, and no more than 1 intellectual property
valuation during any calendar year and Agent shall have the right to conduct, at
its sole expense, field examinations, appraisals and intellectual property
valuations without limitation. 

and (ii) deleting the last sentence
thereof in its entirety. 

    
(D) Section
6.9(b) of the Credit Agreement is hereby amended by (i) deleting the reference
to "September 30, 2012" therein and replacing it with a reference to "March 31,
2013" and (ii) deleting the reference to "October 1, 2012" therein and replacing
it with a reference to "April 1, 2013". 

    
(E) Section
7(a) of the Credit Agreement is hereby amended and restated in its entirety, as
follows: 

         
(a) Fixed Charge Coverage Ratio. Maintain
a Fixed Charge Coverage Ratio, measured on a month-end basis, of at least 1.20
for the trailing 12-month period ending on the last day of such month.

    
(F) Section
7(b) of the Credit Agreement is hereby amended by (i) deleting the reference to
"September 30, 2012" therein and replacing it with a reference to "December 31,
2012" and (ii) deleting the reference to "October 1, 2012" therein and replacing
it with a reference to "January 1, 2013". 

2 

    
(G) Section
8.1 of the Credit Agreement is hereby amended and restated in its entirety, as
follows: 

  
8.1 Payments. If Borrower fails to pay
when due and payable (whether at the due date thereof or at a date fixed for
mandatory repayment thereof, or by acceleration thereof or, in the case
of an Extraordinary Advance, demand thereof, or otherwise), (a) all or any
portion of the Obligations consisting of interest, fees, or charges due the
Lender Group, reimbursement of Lender Group Expenses, or other amounts (other
than any portion thereof constituting principal) constituting Obligations
(including any portion thereof that accrues after the commencement of an
Insolvency Proceeding, regardless of whether allowed or allowable in whole or in
part as a claim in any such Insolvency Proceeding), and such failure continues
for a period of 3 Business Days, (b) all or any portion of the principal of the
Loans (excluding Extraordinary Advances), (c) all or any portion of the
principal of any Extraordinary Advances and such failure continues for a period
of 1 Business Day, or (d) any amount payable to Issuing Lender in reimbursement
of any drawing under a Letter of Credit; 

     (H) The
defined term "Qualified Cash" contained in Schedule 1.1 of the Credit Agreement
is hereby amended and restated in its
entirety, as follows: 

     "Qualified Cash" means, as
of any date of determination, the amount of unrestricted cash and Cash
Equivalents of Borrower and the other Loan Parties that is in Deposit Accounts
or in Securities Accounts, or any combination thereof, and which such Deposit
Account or Securities Account is the subject of a Control Agreement and is
maintained at either Wells Fargo or Silicon Valley Bank or any of its
Affiliates. 

    
(I) Schedule C-1 of the Credit Agreement is hereby replaced with
Schedule C-1 attached hereto. 

    
(J) Clause
(c) of Schedule 5.2 of the Credit Agreement is hereby amended by (i) deleting
the reference to "September 30, 2012" therein and replacing it with a reference
to "March 31, 2013" and (ii) deleting the reference to "October 1, 2012" therein
and replacing it with a reference to "April 1, 2013". 

    
3. Continuing Effect. Except as expressly
set forth in Section 2 of this Amendment, nothing in this Amendment shall
constitute a modification or alteration of the terms, conditions or covenants of
the Credit Agreement or any other Loan Document, or a waiver of any other terms
or provisions thereof, and the Credit Agreement and the other Loan Documents
shall remain unchanged and shall continue in full force and effect, in each case
as amended hereby. 

    
4. Reaffirmation and Confirmation.
Borrower hereby ratifies, affirms, acknowledges and agrees that the Credit
Agreement and the other Loan Documents represent the valid, enforceable and
collectible obligations of Borrower, and further acknowledges that there are no
existing claims, defenses, personal or otherwise, or rights of setoff whatsoever
with respect to the Credit Agreement or any other Loan Document. Borrower hereby
agrees that this Amendment in no way acts as a release or relinquishment of the
Liens and rights securing payments of the Obligations. The Liens and rights
securing payment of the Obligations are hereby ratified and confirmed by
Borrower in all respects. 

3 

     5. Conditions to
Effectiveness. This Amendment shall become
effective as of the date hereof and upon the satisfaction of the following
conditions precedent: 

    
(a) Each
party hereto shall have executed and delivered this Amendment to
Agent;

    
(b) Agent
shall have received that certain Assignment and Acceptance Agreement entered
into between Wells Fargo Capital Finance, LLC, as assignor, and Silicon Valley
Bank, as assignee, with respect to an assignment of the Revolver Commitment in
an amount equal to $25,000,000, in form and substance satisfactory to Agent,
duly authorized, executed and delivered by the parties thereto;

    
(c) No
Default or Event of Default shall have occurred and be continuing on the date
hereof or as of the date of the effectiveness of this Amendment. 

    
6. Representations and Warranties. In
order to induce Agent and Lenders to enter into this Amendment, Borrower hereby
represents and warrants to Agent and Lenders, after giving effect to this
Amendment: 

    
(a) All
representations and warranties contained in the Credit Agreement and the other
Loan Documents are true and correct in all material respects (except that such
materiality qualifier shall not be applicable to any representations and
warranties that already are qualified or modified by materiality in the text
thereof) on the date of this Amendment, as though made on and as of such date
(except to the extent that such representations and warranties relate solely to
an earlier date, in which case such representations and warranties shall be true
and correct in all material respects (except that such materiality qualifier
shall not be applicable to any representations and warranties that already are
qualified or modified by materiality in the text thereof) as of such earlier
date); 

    
(b) No
Default or Event of Default has occurred and is continuing;

    
(c) This
Amendment and the Credit Agreement, as modified hereby, constitute legal, valid
and binding obligations of Borrower and are enforceable against Borrower in
accordance with their respective terms. 

    
7. Miscellaneous. 

    
(a) Expenses. Notwithstanding anything in
the Credit Agreement or any other Loan Document to the contrary, solely for
purposes of this Amendment, Borrower shall not be responsible to pay the costs
or expenses of Agent or any Lender (including any fees or expenses of counsel
for Agent or any Lender) in connection with the preparation, negotiation,
execution, delivery and/or administration of this Amendment or any other
instruments or documents provided for herein or delivered or to be delivered
hereunder or in connection herewith. 

    
(b) Governing Law. This Amendment shall be
a contract made under and governed by the internal laws of the State of
California. 

     (c)
Counterparts. This
Amendment may be executed in any number of counterparts, and by the parties
hereto on the same or separate counterparts, and each such counterpart, when
executed and delivered, shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same Amendment.

4 

     IN WITNESS
WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized and delivered as of the date first
above written. 

		QUANTUM CORPORATION
		a Delaware
      corporation
			 
			 
		By:	/s/ Linda M. Breard	 
		Title:	Chief Financial Officer	 
			 
			 
		WELLS FARGO CAPITAL FINANCE, LLC, as
		Agent and as a
      Lender
			 
			 
		By:	/s/ Amelie Yehros	 
		Title:	SVP	 
			 
	 	 	 
		SILICON VALLEY BANK, as a Lender
			 
			 
		By:	/s/ Rick Freeman	 
		Title:  
    	Relationship Manager	 

SCHEDULE C-1 
TO

FIRST AMENDMENT TO CREDIT AGREEMENT

See Attached 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule
C-1 

Revolver Commitments 

	Lender	Revolver
      Commitment	Total
    Commitment
	Wells Fargo Capital Finance, LLC	$50,000,000	$50,000,000
	Silicon Valley Bank	$25,000,000	$25,000,000
	 		
	All Lenders	$75,000,000	$75,000,000

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