Document:

Document

Exhibit 10.1
Form 8K
Filed: February 23, 2021

FIRST MODIFICATION TO PROMISSORY NOTE

This modification to PROMISSORY NOTE (this “Modification”) dated March 1, 2021, is entered into by and between ROANOKE GAS COMPANY (“Borrower”), and Wells Fargo Bank, National Association (“Bank”).

RECITALS

WHEREAS, Borrower is currently indebted to Bank pursuant to the terms and conditions of that certain Revolving Line of Credit Note (Variable Maximum) in the stated amount of $28,000,000.00, executed by Borrower and payable to the order of Bank, dated March 25, 2020, as modified from time to time (the "Note"), which Note is subject to the terms and conditions of a credit agreement between Borrower and Bank dated March 31, 2016, as amended from time to time (the "Agreement”).

WHEREAS, Bank and Borrower have agreed to certain changes in the terms and conditions set forth in the Note, and have agreed to modify the Note to reflect said changes.

NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Note shall be modified as follows:

1.  Subsection (v) under Adjustments in Availability, Paragraph (c) under the heading “BORROWING AND REPAYMENT” is hereby deleted in its entirety, and the following substituted therefor:

            “(v)      $28,000,000.00 from March 1, 2021 up to and including July 19, 2021;”

2.   The effective date of this Modification shall be the date that all of the following conditions set forth in this Section have been satisfied, as determined by Bank and evidenced by Bank’s system of record.  Notwithstanding the occurrence of the effective date of this Modification, Bank shall not be obligated to extend credit under this Modification or any other Loan Document until all conditions to each extension of credit set forth in the Agreement have been fulfilled to Bank's satisfaction.

(a)        Approval of Bank Counsel.  All legal matters incidental to the effectiveness of this Modification shall be satisfactory to Bank's counsel.

(b)        Documentation.  Bank shall have received, in form and substance satisfactory to Bank, each of the following, duly executed by all parties:

(i)This Modification and each other instrument or document required hereby.

(ii)Such other documents as Bank may require under any other Section of this Modification.

Exhibit 10.1
Form 8K
Filed: February 23, 2021

3.   Except as expressly set forth herein, all terms and conditions of the Note remain in full force and effect, without waiver or modification.  All terms defined in the Note or the Agreement shall have the same meaning when used in this Modification.  This Modification and the Note shall be read together, as one document.

4.   Borrower certifies that as of the date of this Modification there exists no Event of Default under the Note, nor any condition, act or event which with the giving of notice or the passage of time or both would constitute any such Event of Default. 

IN WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have caused this Modification to be effective as of the effective date set forth herein.

																					
	ROANOKE GAS COMPANY		WELLS FARGO BANK,
NATIONAL ASSOCIATION
							
	By:	/s/ Paul W. Nester		By:	/s/ Matthew S. Churchill
							
	PAUL W. NESTER,		MATTHEW S. CHURCHILL,
	PRESIDENT, CHIEF EXECUTIVE OFFICER		SENIOR VICE PRESIDENT
							
					
	By:	/s/ Randall P. Burton, II				
							
	RANDALL P. BURTON, II,				
	CHIEF FINANCIAL OFFICER, TREASURER, SECRETARYExhibit 4.1 

 

SPECIMEN UNIT CERTIFICATE

NUMBER UNITS U-

Acies Acquisition Corp. II

SEE REVERSE FOR

CERTAIN

DEFINITIONS

CUSIP                

UNITS CONSISTING OF ONE CLASS A
ORDINARY SHARE AND ONE-QUARTER OF ONE REDEEMABLE

WARRANT, EACH WHOLE WARRANT ENTITLING
THE HOLDER TO PURCHASE ONE CLASS A ORDINARY SHARE

 

THIS CERTIFIES THAT                 
is the owner of                  Units.

 

Each Unit (“Unit”) consists of one (1) Class A
ordinary share, par value $0.0001 per share (“Ordinary Shares”), of Acies Acquisition Corp. II, a Cayman Islands exempted
company (the “Company”), and one-quarter (1/4) of one redeemable warrant (each whole warrant, a “Warrant”).
Each Warrant entitles the holder to purchase one (1) Ordinary Share for $11.50 per share (subject to adjustment). Each Warrant
will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, share
exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses (each,
a “Business Combination”), and (ii) one year from the closing of the Company’s initial public offering,
and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on
which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration
Date”). The Ordinary Shares and Warrants comprising the Units represented by this certificate are not transferable separately
prior to                 , 2021, unless J.P. Morgan
Securities LLC, Morgan Stanley & Co. LLC and Oppenheimer & Co. Inc. elect to allow earlier separate trading,
subject to the Company’s filing with the Securities and Exchange Commission of a Current Report on Form 8-K containing
an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the initial public offering and issuing
a press release announcing when separate trading will begin. No fractional warrants will be issued upon separation of the Units
and only whole warrants are exercisable. The terms of the Warrants are governed by a Warrant Agreement, dated as of                
, 2021, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms
and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof.
Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York
10004, and are available to any Warrant holder on written request and without cost.

 

Upon the consummation of the Business Combination,
the Units represented by this certificate will automatically separate into the Class A Ordinary Shares and Warrants comprising
such Units.

 

This certificate is not valid unless countersigned
by the Transfer Agent and Registrar of the Company.

 

This certificate shall be governed by and
construed in accordance with the internal laws of the State of New York.

 

Witness the facsimile signatures of its
duly authorized officers.

 

	By	 	 	 
	 	Co-Chief Executive Officer	 	Co-Chief Executive Officer
	 

 

     

     

    

 

Acies Acquisition Corp. II

 

The Company will furnish without charge
to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional
or other special rights of each class of shares or series thereof of the Company and the qualifications, limitations or restrictions
of such preferences and/or rights.

 

The following abbreviations, when used
in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:

 

	TEN COM	 	 	—	 	 	as tenants in common	 	UNIF GIFT MIN ACT	 	 	—	 	 	 	Custodian	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	(Cust)	 	(Minor)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TEN ENT	 	 	—	 	 	as tenants by the entireties	 	 	 	 	 	 	 	 	under Uniform Gifts to Minors Act	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	(State)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	JT TEN	 	 	—	 	 	as joint tenants with right of survivorship and not as tenants in common	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

Additional abbreviations may also be used
though not in the above list.

 

     

     

    

 

For value received,                 
hereby sells, assigns and transfers unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING
NUMBER OF ASSIGNEE

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING
ZIP CODE, OF ASSIGNEE)

 

Units represented by the within Certificate,
and do hereby irrevocably constitute and appoint                
Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises.

 

	Dated	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate
    in every particular, without alteration or enlargement or any change whatever.
	 	 	 	 	 
	Signature(s) Guaranteed:	 	 
	 	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT
UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 OR ANY SUCCESSOR RULES).	 	 
	 	 	 

In each case, as more fully described in the Company’s
final prospectus dated                 , 2021,
the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust
account established in connection with the Company’s initial public offering only in the event that (i) the Company
redeems the Ordinary Shares sold in its initial public offering and liquidates because it does not consummate an initial business
combination within the period of time set forth in the Company’s amended and restated memorandum and articles of association,
as the same may be amended from time to time, (ii) the Company redeems the Ordinary Shares sold in its initial public offering
in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association
(A) that would modify the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares
the right to have their shares redeemed in connection with the Company’s initial business combination or to redeem 100% of
the Ordinary Shares if the Company does not complete its initial business combination within the time period set forth therein
or (B) with respect to any other provision relating to the rights of holders of the Ordinary Shares, or (iii) if the
holder(s) seek(s) to redeem for cash his, her or its respective Ordinary Shares in connection with a tender offer (or
proxy solicitation, solely in the event the Company seeks shareholder approval of the proposed initial business combination) setting
forth the details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right
or interest of any kind in or to the trust account.

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