Document:

Unassociated Document

    

    

    Exhibit
      10.31.13                

    

    AMENDMENT
      NUMBER SIXTEEN

    to
      the

    Amended
      and Restated Master Loan and Security Agreement

    Dated
      as
      of March 27, 2000

    among

    HANOVER
      CAPITAL MORTGAGE HOLDINGS, INC.

    and

    GREENWICH
      CAPITAL FINANCIAL PRODUCTS, INC.

    

    This
      AMENDMENT NUMBER SIXTEEN is made this 13th day of June, 2007, (the “Effective
      Date”)
      among
      HANOVER CAPITAL MORTGAGE HOLDINGS, INC. having an address at 200 Metroplex
      Drive, Suite 100, Edison, New Jersey 08817 (“the
      Borrower”)
      and
      GREENWICH CAPITAL FINANCIAL PRODUCTS, INC., having an address at 600 Steamboat
      Road, Greenwich, Connecticut 06830 (the “Lender”),
      to the
      Amended and Restated Master Loan and Security Agreement, dated as of March
      27,
      2000, by and between the Borrower, Hanover Capital Partners Ltd. and the Lender,
      as amended (the “Agreement”).
      Capitalized terms used but not otherwise defined herein shall have the meanings
      assigned to such terms in the Agreement.

    

    RECITALS

    

    WHEREAS,
      the Borrower and the Lender have agreed
      to amend
      the Agreement to extend the Termination Date as more specifically set forth
      herein;

    

    WHEREAS,
      as of the date of this Amendment Number Sixteen, the Borrower represents to
      the
      Lender that it is in compliance with all of the representations and warranties
      and all of the affirmative and negative covenants set forth in the Agreement
      and
      is not in default under the Agreement; and

    

    WHEREAS,
      the Borrower and the Lender have agreed to amend the Agreement as set forth
      herein.

    

    NOW
      THEREFORE, for good and valuable consideration, the receipt and sufficiency
      of
      which are hereby acknowledged, and of the mutual covenants herein contained,
      the
      parties hereto hereby agree as follows:

    

    SECTION
      1. Amendment.
      Effective as of June 13, 2007, the definition of “Termination Date” set forth in
      Section 1.01 of the Agreement shall be deleted in its entirety and replaced
      with
      the following definition:

    

    “Termination
      Date”
shall
      mean July 12, 2007 or such earlier date on which this Loan Agreement shall
      terminate in accordance with the provisions hereof or by operation of
      law.

    

    SECTION
      2.
 Fee.
      In order
      to induce the Lender to enter into this Amendment Number Sixteen, the Borrower
      hereby agrees to pay to the Lender, in addition to any other amounts required
      pursuant to the Agreement and as a condition precedent to the effectiveness
      of
      this Amendment Number Sixteen, a renewal fee in the amount of
      $14,583.

    

    SECTION
      3. Effectiveness.
      This
      Amendment Number Sixteen shall be effective as of the Effective
      Date.

    

    SECTION
      4. Defined
      Terms.
      Any
      terms capitalized but not otherwise defined herein shall have the respective
      meanings set forth in the Agreement.

    

    SECTION
      5. Fees
      and Expenses.
      The
      Borrower agrees to pay to the Lender all fees and out of pocket expenses
      incurred by the Lender in connection with this Amendment Number Sixteen
      (including all reasonable fees and out of pocket costs and expenses of the
      Lender’s legal counsel incurred in connection with this Amendment Number
      Sixteen), in accordance with Section 11.03 of the Agreement

    

    SECTION
      6.  Limited
      Effect.
      Except
      as amended hereby, the Agreement shall continue in full force and effect in
      accordance with its terms. Reference to this Amendment Number Sixteen need
      not
      be made in the Agreement or any other instrument or document executed in
      connection therewith, or in any certificate, letter or communication issued
      or
      made pursuant to, or with respect to, the Agreement, any reference in any of
      such items to the Agreement being sufficient to refer to the Agreement as
      amended hereby.

    

    SECTION
      7.
Representations.
      The
      Borrower hereby represents to the Lender that as of the date hereof, the
      Borrower is in full compliance with all of the terms and conditions of the
      Agreement and no Default or Event of Default has occurred and is continuing
      under the Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SECTION
      8.
Governing
      Law.
      This
      Amendment Number Sixteen shall be construed in accordance with the laws of
      the
      State of New York and the obligations, rights, and remedies of the parties
      hereunder shall be determined in accordance with such laws without regard to
      conflict of laws doctrine applied in such state (other than Sections 5-1401
      and
      5-1402 of the New York General Obligations Law).

    

    SECTION
      9.
Counterparts.
      This
      Amendment Number Sixteen may be executed by each of the parties hereto on any
      number of separate counterparts, each of which shall be an original and all
      of
      which taken together shall constitute one and the same instrument.

    

    

    

    [REMAINDER
      OF THIS PAGE LEFT INTENTIONALLY BLANK]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN
      WITNESS
      WHEREOF, the Borrower and the Lender have caused this Amendment Number Sixteen
      to be executed and delivered by their duly authorized officers as of the day
      and
      year first above written.

    

    
      	 	
              HANOVER
                CAPITAL MORTGAGE HOLDINGS, INC.

            
	 	
              (Borrower)

            
	 	 
	 	 
	 	
              By:
                /s/ Irma N.
                Tavares                                                
                

            
	 	
              Name:
                Irma N. Tavares

            
	 	
              Title:
                Chief Operating Officer

            
	 	 
	 	 
	 	 
	 	 
	 	
              GREENWICH
                CAPITAL FINANCIAL PRODUCTS, INC.

            
	 	
              (Lender)

            
	 	 
	 	 
	 	
              By:
                /s/ Michael
                Pillari                                                   
                

            
	 	
              Name:
                Michael Pillari

            
	 	
              Title:
                Managing DirectorUnassociated Document

    Exhibit
      10.1

    

    FOURTH
      AMENDMENT TO CONSULTING AGREEMENT

    

    This
      Fourth
      Amendment to the Consulting Agreement is effective this 12th
      day of
      June, 2007 (the “Fourth Amendment”), by and between MICROS SYSTEMS, INC., a
      Maryland corporation, with offices located at 7031 Columbia Gateway Drive,
      Columbia, Maryland 21046-2289 (hereinafter referred to as the "Company"), and
      Louis M. Brown, Jr., whose address is Louis M. Brown, Jr., 4801 Maury Lane,
      Alexandria, VA 22304-1909 (hereinafter referred to as the
“Consultant”).

    

    WHEREAS,
      the Consultant and the Company entered into a Consulting Agreement dated June
      30, 1995, as amended (the “Agreement”); and

    

    WHEREAS,
      the parties hereto would like to amend the Agreement pursuant to this Fourth
      Amendment in an effort to assure the availability of a consultant with
      corporate, industry and management expertise.

    

    NOW,
      THEREFORE, the Company and the Consultant, for good and valuable consideration,
      and pursuant to the terms, conditions, and covenants contained herein, hereby
      agree as follows:

    

    1.
      Section 3 of the Agreement, captioned “Term”, shall be deleted in its entirety
      and the following new language inserted in lieu thereof:

    

    “The
      term
      of this Agreement shall commence upon the day and year first above written
      (“Commencement Date”) and shall continue until June 30, 2008, unless sooner
      terminated, as provided herein.”

    

    2.
      Section 4 of the Agreement, captioned “Compensation”, is amended by inserting
      the following new row:

    

    
      	
              Period

            	
              Compensation

            
	
              July
                1, 2007 through June 30, 2008

            	
              $250,000

            

    

    

    3.
      Section 5 of the Agreement, captioned “Bonuses”, is amended by inserting the
      following new row:

    

    
      	
              Fiscal
                Year Ending

            	
              Target
                Bonus

            
	
              June
                30, 2008

            	
              $150,000

            

    

    

    4.
      The
      first paragraph of Section 13(c)(3) of the Agreement shall be deleted in its
      entirety and the following new language inserted in lieu thereof:

    

    “Payment
      Upon Termination By The Company. If the Company terminates this Agreement for
      any reason other than Good Cause, the Consultant shall be entitled to receive
      from the Company and the Company shall pay to the Consultant in one lump sum,
      within fifteen (15) days following the termination of this Agreement, all of
      the
      compensation and Target Bonus payments provided for in Sections 4 and 5 of
      this
      Agreement for the period beginning on the date of the termination of the
      Agreement and ending on June 30, 2008.”

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5.
      The
      first paragraph of Section 13(c)(4) of the Agreement shall be deleted in its
      entirety and the following new language inserted in lieu thereof:

    

    “Payment
      Upon Termination By The Consultant. If the Consultant terminates this Agreement
      for Good Reason, other than Good Reason described in Section 13(a)(3)a), he
      shall be entitled to receive from the Company and the Company shall pay to
      the
      Consultant in one lump sum, within fifteen (15) days following the date of
      the
      Consultant's termination of this Agreement, all of the compensation and Target
      Bonus payments provided for in Sections 4 and 5 of this Agreement for the period
      beginning on the date of the Consultant's termination of this Agreement and
      ending on June 30, 2008. If the Consultant terminates this Agreement for the
      Good Reason described in Section 13(a)(3)a), then and in such event, he shall
      be
      entitled to receive from the Company and the Company shall pay to the Consultant
      in one lump sum, within fifteen (15) days following the date of the Consultant's
      termination of this Agreement, an amount equal to all of the compensation and
      Target Bonus payments provided for in Sections 4 and 5 of this Agreement for
      the
      period beginning on the date of the Consultant's termination and ending on
      June
      30, 2008.”

    

    6.
      The
      second paragraph of section 6 shall be deleted in its entirety. The Consultant
      acknowledges that the Company has satisfied all of its obligations under the
      Agreement as of the date hereof, including without limitation section
      6.

    

    7.
      All
      other provisions of the Agreement shall remain in full force and
      effect.

    

    IN
      WITNESS WHEREOF, the parties have executed this Fourth Amendment as of the
      dates
      indicated below, the effective date of this Fourth Amendment being the
      12th
      day of
      June, 2007.

     

    
      
        	 	 	 	 	 
	
                ATTEST:

              	 	
                COMPANY:
                  

                MICROS
                  SYSTEMS, INC.

              	 
	 
 	 	 
 	 
 	 
	 	 	By:  	 	
                (SEAL)

              
	 	 	
                A.
                  L. Giannopoulos

              	 
	 	 	
                Chairman,
                  President and Chief Executive Officer

              	 
	 	 	 	 	 
	
                [Corporate
                  Seal]

              	 	 	 	 
	 	 	
                CONSULTANT:

              	 
	
                WITNESS:

              	 	 	 	 
	 	 	 	 	
                (SEAL)

              
	 	 	 	
                Louis
                  M. Brown, Jr.

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