Document:

Exhibit
4.6

 

Form of Share Certificate Representing Preference
Shares in Registered Form.

 

8

 

	
  Certificate
  No

  	
   

  	
  Account No

  	
   

  	
  Transfer No

  	
   

  	
  Registration
  Date

  	
   

  	
  No of Shares

  

 

 

[Insert Logo]

 

Prudential plc

 

This
is to certify that the undermentioned is/are
the registered holder(s) of Perpetual Non-Cumulative Preference Shares, series
[  ] of US$0.01 each, fully paid, in Prudential plc subject to its Memorandum and Articles of
Association.

 

	
  Name(s)
  of holder(s)

  	
   

  	
  Given
  under the Common Seal of the Company on the day of                   20

  

 

Number of
Preference Shares

 

Prudential plc, Laurence Pountney Hill,
London EC4R OHH

Incorporated and registered in England and Wales Registered Office as above,
Registered number 01397169

Prudential plc is a holding company, subsidiaries of which are authorised and
regulated by the Financial Services Authority

 

This certificate should be kept in a safe
place. It will be needed when you sell or transfer your shares.

The Registrar’s address is: Lloyds TSB Registrars, The Causeway, Worthing West
Sussex BN 99 6DA.

 

 

(endorsed on Certificate and Warrant)

 

Terms and Conditions

 

The terms and
conditions attaching to the Preference Shares are contained in the Articles of
Association of the Company and in resolutions of a committee of the board of
directors of the Company dated [                
].  The full text of the
resolutions are available for inspection at the registered office of the
Company.  There follows a summary of the
terms and conditions.

 

1.            Definitions

 

	
  “ADR
  Depositary”

  	
   

  	
  means
  Citibank, N.A.;

  
	
   

  	
   

  	
   

  
	
  “Assets”

  	
   

  	
  means the
  total amount of the Company’s non-consolidated gross assets as shown by its
  latest published balance sheet, but adjusted, as specified in the
  Subordinated Indenture, for contingencies and subsequent events, and to such
  extent as the person or persons giving the Solvency Condition report may
  determine;

  
	
   

  	
   

  	
   

  
	
  “Capital
  Securities”

  	
   

  	
  means $[•] per cent. Perpetual Subordinated Capital Securities of the
  Company issued pursuant to a prospectus supplement dated [•];

  
	
   

  	
   

  	
   

  
	
  “Company”

  	
   

  	
  means
  Prudential plc;

  
	
   

  	
   

  	
   

  
	
  “FSA”

  	
   

  	
  means the
  United Kingdom Financial Services Authority or any successor regulatory body;

  
	
   

  	
   

  	
   

  
	
  “Junior
  Securities”

  	
   

  	
  means
  ordinary shares in the capital of the Company or any other securities (either
  issued by the Company or one of its Subsidiaries benefiting from a guarantee
  or support agreement) which rank, as regards distributions on a return of
  assets or on a winding-up of the Company or in respect of distributions or
  payments of dividends or any other payments thereon, after the Capital
  Securities and the Preference Shares;

  
	
   

  	
   

  	
   

  
	
  “Liabilities”

  	
   

  	
  means the
  total amount of the Company’s non-consolidated gross liabilities as shown by
  its latest published balance sheet, but adjusted, as specified in the
  Subordinated Indenture, for contingencies and subsequent events, and to such
  extent as the person or persons giving the Solvency Condition report may
  determine;

  
	
   

  	
   

  	
   

  
	
  “Parity
  Security”

  	
   

  	
  means the
  Company’s perpetual capital instruments (including the Capital Securities),
  preferred or preference shares (including the Preference Shares) or other
  securities issued directly or indirectly by the Company or issued by one of
  its Subsidiaries and benefiting from a guarantee or support agreement ranking
  pari passu with the Capital Securities
  as to participation in the Company’s assets in the event of the Company’s
  winding up;

  
	
   

  	
   

  	
   

  
	
  “Preference Shares”

  	
   

  	
  means Perpetual Non-Cumulative Preference Shares in the Company;

  
	
   

  	
   

  	
   

  
	
  “Regulatory Capital Requirement”

  	
   

  	
  means any
  minimum or notional margin of solvency or minimum regulatory capital or
  capital ratios required for insurance companies, insurance holding companies
  or financial groups by the FSA;

  

 

 

	
  “Senior Creditors”

  	
   

  	
  means in
  respect of the Capital Securities: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (i)        any creditors who are unsubordinated creditors with claims
  admitted in the event of a winding up of the Company;

   

  (ii)       any creditors having claims in respect of liabilities that are, or
  are expressed to be, subordinated, whether only in the event of a winding up
  or otherwise, to the claims of unsubordinated creditors of the Company but
  not further or otherwise;

   

  (iii)      any creditor who is a holder of capital securities other than the
  Capital Securities except those that rank, or are expressed to rank, equally
  with or junior to the Capital Securities; and

   

  (iv)     all other creditors having claims, including other such creditors
  holding subordinated debt securities, except those that rank, or are
  expressed to rank, equally with (including holders of Parity Securities) or
  junior to (including holders of Junior Securities) the claims of any holder
  of the Capital Securities;

  
	
   

  	
   

  	
   

  
	
  “Solvency
  Condition”

  	
   

  	
  means the
  test of solvency of the Company. The Company is solvent if it is able to pay
  its debts to Senior Creditors
  as they fall due and total Assets exceed total Liabilities, other than
  Liabilities to persons that are not Senior Creditors, by at least 4% or such
  other percentage specified by the FSA as the Regulatory Capital Requirement;

  
	
   

  	
   

  	
   

  
	
  “Subordinated
  Indenture”

  	
   

  	
  means the
  subordinated indenture dated [•] between the Company and Citibank, N.A. as subordinated trustee
  as supplemented by the first supplemental indenture between the Company and
  Citibank, N.A. as subordinated trustee; and

  
	
   

  	
   

  	
   

  
	
  “Subsidiary”

  	
   

  	
  means a
  subsidiary undertaking within the meaning of section 258 of the
  Companies Act 1985.

  

 

1.     Dividend Rights of the Preference
Shares

 

Perpetual Non-Cumulative Preference Shares

 

Non-cumulative preferential dividends on this series of Preference
Shares will be payable if declared by our board of directors in its sole
discretion, and subject to the satisfaction of the following conditions:

 

(a) the Solvency Condition is satisfied;

 

(b) the Company is not prohibited from paying a dividend under the
terms of any Parity Security; and

 

(c) the
distributable profits of the Company are sufficient to cover the payment in
full of the dividend, or the setting aside and providing for the dividend on
this series of Perpetual Non-Cumulative Preference Shares and dividends on any
other preference shares stated to be payable on the same date and ranking
equally as to dividends with this series of Perpetual Non-Cumulative Preference
Shares.

 

If so declared, any such dividend will be [•]%
of the liquidation preference per annum, payable quarterly in arrear on 23
March, 23 June, 23 September and 23 December of each year, commencing
on the first such date occurring after the applicable issue date (each, a “Dividend

 

3

 

Payment Date”).

 

2.     Capital Rights of the Preference
Shares

 

Return of capital

 

On return of capital on a
winding-up or otherwise of the Company, the holders of Preference Shares of
this series, and the holders of any other preference shares ranking equally
with the Preference Shares with regard to rights to participation in the
surplus assets, will be entitled to receive payment in U.S. dollars out of any
assets available for distribution to shareholders.  This distribution will be made in priority to
any distribution of assets to holders of ordinary shares in the capital of the
Company or any other class of shares ranking below the Preference Shares of
this series with regard to participation in the surplus assets of the Company.
Holders of Preference Shares will be entitled to a payment equal to the amount
paid up (or credited as paid up) on each Preference Share together with any
accrued but unpaid dividends and any premium on such share as may be determined
in accordance with the procedures described in paragraph 3 below under “Redemption  and purchase of Preference
Shares - Optional Redemption”
unless there are insufficient assets available for distribution in which case
holders of Preference Shares will be entitled to share ratably in any
distribution of the surplus assets in proportion to the full respective
preferential amounts to which they are entitled.  Holders of Preference Shares have no further
right to participate in any return of capital.

 

If the holders of the Preference Shares are entitled to any recovery
with respect to the Preference Shares in a winding up or liquidation, they
might not be entitled in such proceedings to a recovery in U.S. dollars and
might be entitled only to a recovery in pounds sterling.

 

Dividend
and capital restriction

 

If the Company
does not declare a dividend for this series of Preference Shares, the Company
will not, and it will not permit any entity that it controls to, directly or
indirectly:

 

(a) declare
or pay a dividend or make a distribution or any other payment on any preference
shares or Junior Securities (other than (i) a final dividend declared by
the Company with respect to ordinary shares prior to the date that the decision
to not pay such dividend is made or (ii) a payment made by one of the
Company’s wholly-owned Subsidiaries to another wholly-owned Subsidiary or
directly to the Company); or

 

(b) to
redeem, purchase or otherwise acquire any Parity Securities or any Junior
Securities, in each case unless or until the Company sets aside and provides
for or pays in full the dividend on the Preference Shares for the next
succeeding four quarterly dividend payment dates.

 

These
restrictions do not apply to any payments made by the Company to policyholders
or other customers or transfers to or from the fund for future appropriations,
in each case in the ordinary course of business consistent with past practice.

 

For the
purposes of the foregoing provision, the payment (or declaration of payment) of
a dividend or distribution on Junior Securities or preference shares shall be
deemed to include the making of any interest, coupon or dividend payment (or
payment under any guarantee in respect thereof).  For the purposes of the foregoing provision,
the redemption, purchase or other acquisition of the Parity Securities or
Junior Securities shall be deemed not to include transactions where the funds
used to redeem, purchase or acquire those securities are derived from an issue
of Junior Securities or Parity Securities (i) made at any time within the
six month period prior to the time of such redemption, purchase or acquisition,
and (ii) with the same or junior ranking on a return of assets on a
winding up or in respect of a distribution or payment of interest, coupons or
dividends and/or any other amounts thereunder to those securities being
redeemed, purchased or acquired.

 

4

 

3.     Redemption and Purchase of the
Preference Shares

 

Optional Redemption

 

This series of Preference
Shares is redeemable, in whole or in part, at the option of the Company on any
Dividend Payment Date at least five years after the date of issue of the this
series of Preference Shares (a “Preference
Share Redemption Date”), giving not less than 30 and not more than
60 days’ notice.  The Company may elect
to redeem this series of Preference Shares in whole or in part provided that it
has given at least six months’ notice to the FSA and the FSA have issued a
statement of no objection prior to the Preference Share Redemption Date (except
as otherwise indicated by the FSA), and redemption may only be effected if on,
and immediately following, the Preference Share Redemption Date the Company is
in compliance with any applicable Regulatory Capital Requirement.

 

On redemption the holder
of each share will be entitled to an amount equal to $25 per Preference Share
together with any accrued but unpaid dividends (such amount, the “Redemption Price”).

 

If any Preference Shares
are to be redeemed, a notice of redemption will be given to the ADR Depositary
and to each record holder of Preference Shares in registered form to be
redeemed, not less than 30 and not more than 60 days prior to the Preference
Share Redemption Date.  Each notice of
redemption will specify:

 

(i)            the Preference Share Redemption Date;

 

(ii)           the particular Preference Shares to be
redeemed;

 

(iii)          the Redemption Price and details of any
dividend payable on the Preference Share Redemption Date (stating that
dividends shall cease to accrue on redemption);

 

(iv)          the place or places where holders may
surrender documents of title and obtain payment of the Redemption Price; and

 

(v)           that no defect in the notice of
redemption or in giving of the notice will affect the validity of the
redemption proceedings.

 

The Company may (subject to the provisions of the Companies Act 1985,
applicable U.S. securities laws and regulations and the Company’s Articles of
Association) purchase Preference Shares of any series, in the open market, or
by private agreement, in each case upon the terms and conditions that the board
of directors of the Company or a committee thereof shall determine.  However, under existing FSA requirements, the
Company may not redeem or purchase any Preference Shares unless the FSA consents
in advance.  The FSA may impose any conditions
on any redemption or purchase.

 

4.     Rights to Transfer

 

Title to this
series of Preference Shares held in registered form may only be transferred by
transfer and registration on the register for the Preference Shares of this
series.  The registration or transfer of
Preference Shares of this series may only be made in the register of Preference
Shares of this series, which is kept by the registrar at its office in the
United Kingdom.  The registrar will not charge
the person requesting the transfer a registration fee.  However the person requesting registration
will be liable for any taxes, stamp duty or other governmental charges arising
in connection with the registration.

 

5

 

5.     Voting Rights

 

Holders of
this series of Preference Shares having a registered address within the United
Kingdom will be entitled to receive notice of, but will not be entitled to
attend or vote at, general meetings except as provided by applicable law.

 

6.     Additional Amounts

 

If at any time
a U.K. taxing authority requires the Company to deduct or withhold any amount
in relation to any dividend payments, the Company is under no obligation to pay
any holder of Preference Shares in this series any additional amounts.

 

7.     Issuance Restriction

 

The Company may not issue any shares that rank ahead of the Preference
Shares with regard to rights to participate in the Company’s profits or assets,
without the prior written consent of the holders of at least three-quarters in
nominal value of this series of Preference Shares.

 

6Exhibit 10.1

 

Fifth
Amendment to Loan And Security Agreement

 

This Fifth Amendment to Loan and Security Agreement (this “Fifth
Amendment”) made and entered into as of the 30th day of June, 2005, is by and
among LaSalle Bank
National Association, a national banking association (“Lender”), having its
principal place of business at 135 South LaSalle Street, Chicago, Illinois
60603-4105, and Vita Food Products,
Inc., a Nevada corporation, with its chief executive office located
at 2222 West Lake Street, Chicago, Illinois 60612 (“Vita Food”), Virginia Honey Company, Inc.,
a Virginia corporation, with its chief executive office located at 2222 West
Lake Street, Chicago, Illinois 60612 (“Virginia Honey”), The Halifax Group, Inc., a Georgia corporation, with its chief
executive office located at 2222 West Lake Street, Chicago, Illinois 60612 (“Halifax”),
and Vita Specialty Foods, Inc.,
a Delaware corporation, with its chief executive office located at 2222 West
Lake Street, Chicago, Illinois 60612  (“Specialty
Foods”) (Vita Food, Virginia Honey, Halifax and Specialty Foods are
individually a “Borrower” and collectively the “Borrowers”).

 

W I T N E S S E T H:

 

Whereas,
prior hereto, Lender provided certain loans, extensions of credit and other
financial accommodations (the “Financial Accommodations”) to Borrowers pursuant
to (a) that certain Loan and Security Agreement dated as of September 5, 2003,
as amended by that certain First Amendment to Loan and Security Agreement dated
as of November 5, 2004, that certain Second Amendment to Loan and Security
Agreement dated as of December 21, 2004, that certain Third Amendment to Loan
and Security Agreement dated as of January 31, 2005, and that certain Fourth
Amendment to Loan and Security Agreement dated as of April 4, 2005, each by and
among Lender and Borrowers (as further amended or restated from time to time,
the “Loan Agreement”), and (b) the other documents, agreements and instruments
referenced in the Loan Agreement or executed and delivered pursuant thereto;

 

Whereas,
Borrowers have requested that Lender, (i) extend the maturity date of the
Revolving Loans to July 1, 2006, (ii) extend the availability of the
Overadvance to September 30, 2005, (iii) waive certain Events of Default, and (iv)
modify certain financial covenants (collectively the “Additional Financial
Accommodations”); and

 

Whereas,
Lender is willing to provide the Additional Financial Accommodations, but
solely on the terms and subject to the provisions set forth in this Fifth
Amendment and the other agreements, documents and instruments referenced herein
or executed and delivered pursuant hereto.

 

Now, Therefore,
in consideration of the foregoing, the mutual promises and understandings of
the parties hereto set forth herein and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, Lender and
Borrowers hereby agree as set forth in this Fifth Amendment.

 

 

I.                                         Definitions.

 

A.                                   Use of Defined Terms. 
Except as expressly set forth in this Fifth Amendment, all terms which
have an initial capital letter where not required by the rules of grammar are
used herein as defined in the Loan Agreement.

 

B.                                     Amended Definitions.  Effective as of the date of this Fifth
Amendment, Section 1.1 of the Loan Agreement is hereby amended by deleting the
definitions of “Overadvance”, “Revolving Loan Termination Date”, “Revolving
Note”, “Tangible Net Worth” and “Tangible Net Worth Benchmark” and substituting
therefor the following:

 

“Overadvance”:
shall mean, an amount equal to (1) Eight Hundred Thousand and no/100 Dollars
($800,000.00) from the June 30, 2005, through September 30, 2005, and (2) zero
Dollars ($0) from October 1, 2005, and thereafter.

 

“Revolving
Loan Termination Date”: shall mean July 1, 2006.

 

“Revolving
Note”: shall mean that certain Revolving Note dated as of
June 30, 2005, executed and delivered by Borrowers to Lender in a maximum
aggregate principal amount not to exceed $8,500,000.00, as amended, renewed,
restated or replaced from time to time.

 

“Tangible Net
Worth”: shall mean, as of any particular date for any
Person, the difference between (1) total assets as they would normally be shown
on the balance sheet of such Person, but excluding therefrom all values
attributable to (a) goodwill, patents, copyrights, trademarks, licenses,
capitalized lease and other General Intangibles, (b) prepaid expenses, and (c) loans
and accounts due from officers, employees, subsidiaries and Affiliates, and (2)
such Person’s total liabilities, indebtedness and deferred charges as they
would normally be shown on such Person’s balance sheet.

 

“Tangible Net
Worth Benchmark”: shall mean: (i) negative Three Million and
no/100 Dollars (-$3,000,000.00) as of June 30, 2005, (ii) negative Two Million
Three Hundred Seventy-Five Thousand and no/100 Dollars (-$2,375,000.00) as of September
30, 2005, and (iii) negative One Million Two Hundred Seventy-Five Thousand and
no/100 Dollars (-$1,275,000.00) as of December 31, 2005, and at all times
thereafter.

 

II.                                     Amendments to Loan Agreement.  Effective as of the date of this Fifth
Amendment, the Loan Agreement is hereby amended as follows:

 

A.                                   Letters of Credit.  Section 2.4(A) of the Loan Agreement is
hereby amended by deleting Section 2.4(A) of the Loan Agreement in its entirety
and substituting therefor the following, respectively:

 

2

 

“2.4                                                  Letters
of Credit.

 

(A)                              Provided that an
Unmatured Event of Default or Event of Default does not then exist and all of
the conditions precedent in Section 10 of this Loan Agreement have been
satisfied, Lender may, at any Borrower’s request and for the account of
Borrowers, issue one or more Letters of Credit in an aggregate undrawn face
amount outstanding at any one time not to exceed in the aggregate the lesser of
(1) the total of subsections (1), (2) and (3) under the definition of “Borrowing
Base”, less the outstanding amount of the Revolving Loans, or (2) Two Million
and no/100 Dollars ($2,000,000.00).  The
Letters of Credit shall have an expiration date of the earlier of (a) one
(1) year from the date of issuance, or (b) the Revolving Loan Termination
Date.  Borrowers shall reimburse Lender,
immediately upon demand, for any payments made by Lender to any Person with
respect to any Letter of Credit and until Lender shall be so reimbursed by
Borrowers such payments by Lender shall be deemed to be a part of the Revolving
Loans.  The obligation of Borrowers to
reimburse Lender for payments and disbursements made by Lender under or on account
of the Letters of Credit shall be absolute and unconditional irrespective of
any setoff, counterclaim or defense to payment which Borrowers may have or have
had against Lender or such beneficiary, including, but not limited to, any
defense based on the failure of such demand for payment to conform to the terms
of the Letters of Credit, any non-application or misapplication by such
beneficiary of the proceeds of such demand for payment or the legality,
validity, regularity or enforceability of the Letters of Credit or any document
or contract related to or required to be presented under the terms of the
Letters of Credit; provided, however, that Borrowers shall not be obligated to
reimburse Lender for any wrongful payment or disbursement made by Lender under
or on account of the Letters of Credit as a result of acts or omissions
constituting gross negligence or willful misconduct on the part of Lender or
any of its officers, employees or agents.  
If any of the terms and provisions set forth in this Section 2.4
contradict or conflict with the terms and provisions of any reimbursement
agreement or master letter of credit agreement executed and delivered prior
hereto, contemporaneously herewith or hereafter by Borrowers or any Borrower to
Lender, the terms of such reimbursement agreement or master letter of credit
agreement shall govern and control.”

 

B.                                     Financial Covenants.  Section 9.4 of the Loan Agreement is hereby
amended by deleting Section 9.4 of the Loan Agreement in its entirety and
substituting therefor the following, respectively:

 

“9.4                                                   Financial Covenants.  During the term of this Loan Agreement, and
thereafter for so long as there are any outstanding Liabilities owed to Lender,
Borrowers covenant that they shall:

 

(A)                              Tangible Net Worth.  Maintain
a minimum Tangible Net Worth of not less than the Tangible Net Worth Benchmark
tested as of the last day of each calendar quarter.

 

(B)                                Cash Flow Coverage Ratio.  Not permit Borrowers’ Cash Flow Coverage
Ratio, calculated on a trailing twelve (12) month basis, to be less than: (i)
..70 to 1.00 as of September 30, 2005, (ii) 1.10 to 1.00 as of December 31, 2005,
or as of the last day of 

 

3

 

any calendar quarter thereafter. 
The Cash Flow Coverage Ratio will not be tested as of June 30, 2005.

 

(C)                                Minimum EBITDA.  Borrowers shall maintain EBITDA of not less
than: (i) Two Hundred Fifty Thousand and no/100 Dollars ($250,000.00) as of
June 30, 2005, calculated on a trailing six (6) month basis, (ii) Two Million and
no/100 Dollars ($2,000,000.00) as of September 30, 2005, calculated on a
trailing twelve (12) month basis, and (iii) Three Million and no/100 Dollars ($3,000,000.00)
as of December 31, 2005 and as of the last day of each calendar quarter
thereafter, calculated on a trailing twelve (12) month basis.”

 

III.                                 Conditions Precedent. Lender’s
obligation to provide the Additional Financial Accommodations to Borrowers is
subject to the full and timely performance of the following covenants prior to
or contemporaneously with the execution of this Fifth Amendment:

 

A.                                   Borrowers
executing and delivering, or causing to be executed and delivered to Lender,
the following documents, each of which shall be in form and substance
acceptable to Lender:

 

(i)                                     An original
Revolving Note of even date herewith executed by the Borrowers to Lender;

 

(ii)                                  An original Secretary’s
Certificate of even date herewith executed by the Secretary of each Borrower to
Lender; and

 

(iii)                             such
other agreements, documents and instruments as Lender may reasonably request;

 

B.                                     No
Unmatured Event of Default or Event of Default exists under the Loan Agreement,
as amended by this Fifth Amendment, or the Other Agreements;

 

C.                                     No
claims, litigation, arbitration proceedings or governmental proceedings not
disclosed in writing to Lender prior to the date of hereof shall be pending or
known to be threatened against Borrowers and no known material development not
so disclosed shall have occurred in any claims, litigation, arbitration
proceedings or governmental proceedings so disclosed which in the opinion of
Lender is likely to materially or adversely affect the financial position or
business of any Borrower or the capability of any Borrower to pay its
obligations and liabilities to Lender; and

 

D.                                    There
shall have been no material or adverse change in the business, financial
condition or results of operations since the date of each Borrower’s most
recently delivered financial statements to Lender.

 

IV.                                 Waiver of Events of Default.

 

A.                                   Borrowers
hereby acknowledge and agree as follows: 
(i) from time to time on and before June 30, 2005, the principal amount
of the Revolving Loans outstanding, plus the aggregate outstanding Letter of
Credit Obligations exceeded the Maximum Revolving Loan in violation of Section
3.6 of the Loan Agreement (collectively the “Existing Defaults”): (ii) no
Events of Default

 

4

 

currently exist other than the
Existing Defaults set forth above, and (iii) as a result of the Existing
Defaults, Lender has the right to immediately exercise such of its rights and
remedies pursuant to the Loan Agreement as it deems appropriate, including,
without limitation, terminating all advances to Borrowers, instituting the
Default Rate and demanding immediate payment of all outstanding Liabilities.

 

B.                                     Borrowers
hereby represent and warrant to Lender that no Event of Default exists as of
the date of this Fifth Amendment, other than the Existing Defaults.  Lender hereby waives the Existing Defaults;
provided that such waiver shall not be or be deemed to be a waiver by Lender of
any other Events of Default, whether now existing or hereafter arising or
occurring, including, without limitation, any other Events of Default arising
under Section 3.6 of the Loan Agreement after June 30, 2005.

 

V.                                     Conflict.  If, and to the extent, the terms and
provisions of this Fifth Amendment contradict or conflict with the terms and
provisions of the Loan Agreement, the terms and provisions of this Fifth
Amendment shall govern and control; provided, however, to the extent the terms
and provisions of this Fifth Amendment do not contradict or conflict with the
terms and provisions of the Loan Agreement, the Loan Agreement, as amended by
this Fifth Amendment, shall remain in and have its intended full force and
effect, and Lender and Borrowers hereby affirm, confirm and ratify the same.

 

VI.                                 Severability.  Wherever possible, each provision of this
Fifth Amendment shall be interpreted in such manner as to be valid and
enforceable under applicable law, but if any provision of this Fifth Amendment
is held to be invalid or unenforceable by a court of competent jurisdiction,
such provision shall be severed herefrom and such invalidity or
unenforceability shall not affect any other provision of this Fifth Amendment,
the balance of which shall remain in and have its intended full force and
effect.  Provided, however, if such
provision may be modified so as to be valid and enforceable as a matter of law,
such provision shall be deemed to be modified so as to be valid and enforceable
to the maximum extent permitted by law.

 

VII.                             Reaffirmation.  Borrowers hereby reaffirm and remake all of
the representations, warranties, covenants, duties, obligations and liabilities
contained in the Loan Agreement, as amended hereby.

 

VIII.                         Fees, Costs and Expenses.

 

A.                                   Contemporaneously
herewith, Borrowers shall pay to Lender a fully-earned, non-refundable
amendment fee in the amount of $2,500.00.

 

B.                                     Borrowers
agree to pay, upon demand, all fees, costs and expenses of Lender, including,
but not limited to, reasonable attorneys’ fees, in connection with the
preparation, execution, delivery and administration of this Fifth Amendment and
the other agreements, documents and instruments executed and delivered in
connection herewith or pursuant hereto.

 

IX.                                Choice of Law.  This Fifth Amendment has been delivered and
accepted in Chicago, Illinois, and shall be governed by and construed in
accordance with the laws of the State of Illinois, regardless of the laws that
might otherwise govern under applicable principles of conflicts of law as to
all matters, including matters of validity, construction, effect, performance
and remedies.

 

5

 

X.                                    Counterpart.  This Agreement may be executed in two or more
counterparts, each of which will be deemed an original, but all of which
together will constitute one and the same instrument.

 

XI.                                Waiver of Jury Trial.  BORROWERS AND LENDER EACH HEREBY WAIVE THEIR
RESPECTIVE RIGHT TO TRIAL BY JURY.

 

 

[signature page follows]

 

6

 

In Witness Whereof,
Lender and Borrowers have caused this Fifth Amendment to be executed and
delivered by their duly authorized officers as of the date first set forth
above.

 

	
  LaSalle Bank
  National Association,

  a national banking association 

  	
   

  	
   

  	
  Vita Food Products, Inc.,
  

  a Nevada corporation 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Sara H. DeKuiper 

  	
   

  	
   

  	
  By:

  	
  /s/ Stephen D. Rubin 

  	
   

  
	
  Name:

  	
  Sara H. DeKuiper 

  	
   

  	
   

  	
  Name:

  	
  Stephen D. Rubin 

  	
   

  
	
  Title:

  	
  Assistant Vice President

  	
   

  	
   

  	
  Title:

  	
  President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Virginia Honey Company, Inc.,
  

  a Virginia corporation 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Clifford Bolen 

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Clifford Bolen 

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Assistant Secretary

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  The Halifax Group, Inc.,
  

  a Georgia corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Clifford Bolen 

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 

  	
  Clifford Bolen

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Treasurer & Secretary

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Vita Specialty Foods, Inc.,
a Delaware corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Clifford Bolen 

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 

  	
  Clifford Bolen

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Assistant Secretary

  	
   

  

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]