Document:

EX10.5

NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN,
THE MAXIMUM AMOUNT OF THE PRINCIPAL PORTION OF
THE INDEBTEDNESS SECURED BY THIS MORTGAGE
SHALL NOT EXCEED AT ANY ONE TIME $15,000,000

MODIFICATION TO AMENDED AND RESTATED MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING
(Atchison and Wyandotte Counties, Kansas)
THIS MODIFICATION TO AMENDED AND RESTATED MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING (this "Modification"), made as of February 27, 2015, is made and executed by and between MGPI PROCESSING, INC., a Kansas corporation ("Mortgagor"), formerly known as MGP Ingredients, Inc., having its principal offices at 100 Commercial Street, Atchison, Kansas 66002, and WELLS FARGO BANK, NATIONAL ASSOCIATION (in its individual capacity, "Wells Fargo"), having an office at 150 South Wacker Drive, Suite 2200, Chicago, Illinois 60606, as administrative agent (Wells Fargo, in its capacity as administrative agent being hereinafter referred to as "Agent" or "Mortgagee") for Lenders (as "Lenders" is defined in the Amended Credit Agreement defined below).
RECITALS
I.    Pursuant to a certain Amended and Restated Credit and Security Agreement dated as of November 2, 2012 by and among Mortgagor, MGPI Pipeline, Inc. ("Pipeline"), and MGPI of Indiana, LLC ("Indiana" and, collectively with Mortgagor and Pipeline, "Borrowers"), MGP Ingredients, Inc. ("Parent"), Wells Fargo, as a Lender and as Administrative Agent for all Lenders, Sole Lead Arranger and Sole Book Runner, and Lenders (as amended to date, the "Existing Credit Agreement"), the Lenders made revolving loans and extended other financial accommodations to Borrowers in the maximum principal amount of $55,000,0000 (the "Loans").  The Loans are secured by a certain Amended and Restated Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated as of November 27, 2013 made by Mortgagor in favor of Wells Fargo and recorded on December 8, 2014, in Book 625, Page 937 of the real property records of the Office of the Register of Deeds, Atchison County, Kansas (the "Atchison Records") and recorded on December 15, 2014 in the Office of the Register of Deeds of Wyandotte County, Kansas as Document No. 2014R-15947 (the "Mortgage").   A legal description of the real estate secured by the Mortgage is attached hereto as Exhibit A.   The Mortgage amended and restaed, in their entirety, the following mortgages:  (i) that certain Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of August 19, 2009 in favor of Wells Fargo and recorded on August 26, 2009, as Document No. 41680, in Book 577, Page 39 of Atchison Records as amended by a certain Modification of Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of October 20, 2011 and recorded on December 5, 2011 in Book 599, Page 234 of the Atchison Records, as amended by a certain Modification of Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of January 3, 2012 and recorded on February 8, 2012 in Book 600, Page 792 of the Atchison Records, and as assigned to Agent and further amended by a certain Assignment and Third Modification to 

6421028v5 3/2/2015 1:34 PM    1989.330

Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of November 2, 2012 and recorded on November 8, 2012 in Book 608, Page 768 of the Atchison Records, and (ii) that certain Amended and Restated Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of August 31, 2009 and recorded on September 2, 2009 in Book 577, Page 276 of the Records, and recorded on September 2, 2009 in Book 565, Page 126 of the Official Records of Pottawatomie County, Kansas, and recorded on September 11, 2009 in Book 5636, Page 364 of the Official Records of Wyandotte County, Kansas.  
II.    Concurrently herewith, the Existing Credit Agreement is being amended and restated in its entirety pursuant to a certain Second Amended and Restated Credit and Security Agreement of even date herewith, by and among Borrowers, Parent, Wells Fargo, as Administrative Agent for all Lenders, Sole Lead Arranger and Sole Book Runner, and the Lenders (said Second Amended and Restated Credit and Security Agreement, together with all amendments, supplements, modifications and replacements thereof, the "Amended Credit Agreement"), pursuant to which, among other things, the amount of the Loans is being increased to $80,000,000 (the "Amended Loans") and the maturity date of the Loans is being extended to February 27, 2020.
III.    The amount secured by the Mortgage is subject to the following limitation:  "NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, THE MAXIMUM AMOUNT OF THE PRINCIPAL PORTION OF THE INDEBTEDNESS SECURED BY THIS MORTGAGE SHALL NOT EXCEED AT ANY ONE TIME $15,000,000."  
IV.    The parties hereto now wish to amend the Mortgage to give record notice of the Amended Credit Agreement, the Amended Loans and the extension of the maturity date.
AGREEMENTS
1.The Recitals hereto are hereby incorporated into the Mortgage by this reference.
2.    All references in the Mortgage to the "Amended Credit Agreement" shall be references to the Amended Credit Agreement, as defined herein. 
3.    All references in the Mortgage to the "Amended Loans" shall be references to the Amended Loans, as defined herein.  
4.    All references in the Mortgage to the "Loan Documents" shall be references to the "Loan Documents" as defined in the Amended Credit Agreement, as defined herein. 
5.    Mortgagor hereby acknowledges, agrees and reaffirms the Mortgage, as hereby amended, as security for the Amended Loans, and agrees that no part of the foregoing amendments or modifications shall have the effect of releasing, relieving or diminishing any obligations under the Mortgage.

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6.    All of the property described in the Mortgage shall remain and continue in all respects to be subject to the Mortgage, and nothing in this Modification, or done pursuant to this Modification, the Amended Credit Agreement or any other documents executed in connection therewith, shall affect or be construed to affect the lien of the Mortgage or the priority thereof as to such property.  Mortgagor further acknowledges, agrees and reaffirms that the Mortgage retains the priority on the real estate encumbered by the Mortgage as required by the Mortgage.
7.    The maximum principal amount secured by the Mortgage shall remain $15,000,000.  Nothing herein shall be construed as increasing the maximum amount of principal secured by the Mortgage.  
8.    Except as amended hereby, the Mortgage shall remain in full force and effect in accordance with its original terms.
9.    This Modification may be executed in separate counterparts by the parties to this Modification.
10.    Nothing herein shall be deemed to constitute a novation of the Loans.  Mortgagor and Agent intend that the liens and security interests created by the Mortgage shall secure, among other things, the Amended Loans and Mortgagor's obligations under the as modified pursuant to the Amended Credit Agreement, without interruption or other impairment.
	
	
	

THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK

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IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed by their respective duly authorized officer as of the day and year first above written.
	
		
	 
	MORTGAGOR:  

MGPI PROCESSING, INC., a Kansas corporation (formerly known as MGP Ingredients, Inc.)  
 
 
By               /s/ Don Tracy 
Print Name      Don Tracy
Its                     CFO

	

	MORTGAGEE:

WELLS FARGO BANK, NATIONAL ASSOCIATION, Individually and as Agent 
 
 
By               /s/ Brandi Whittington
Print Name      Brandi Whittington 
Its                    AVP, Authorized Signatory

This instrument prepared by and
after recording return to:

Jami L. Brodey, Esq.
GOLDBERG KOHN LTD.
55 East Monroe Street, Suite 3300
Chicago, Illinois  60603
(312) 201-4000

Signature Page to Modification to Mortgage (Atchison and Wyandotte Counties, Kansas)

ACKNOWLEDGMENT

STATE OF     KANSAS    )
)  SS
COUNTY OF     ATCHISON    )

I, _Patti D. Scholz_______________, a Notary Public in and for and residing in said County and State, DO HEREBY CERTIFY THAT ______Don Tracy________________, the ______CFO_______ of MGPI PROCESSING, INC., a Kansas corporation, personally known to me to be the same person whose name is subscribed to the foregoing instrument appeared before me this day in person and acknowledged that __he signed and delivered said instrument as h__ own free and voluntary act and as the free and voluntary act of said corporation for the uses and purposes therein set forth.
GIVEN under my hand and notarial seal this __26th day of _February__, 2015.

_/s/ Patti D. Scholz______________________
Notary Public

My Commission Expires:

___06/06/2016_________________________

Acknowledgment Page to Modification to Mortgage (Atchison and Wyandotte Counties, Kansas)

ACKNOWLEDGMENT

STATE OF ILLINOIS    )
)  SS
COUNTY OF     COOK    )

I, _Anu Sukumaran Rajeswari_____, a Notary Public in and for and residing in said County and State, DO HEREBY CERTIFY THAT _____Brandi Whittington__________, the _AVP, Authorized Signatory__ of WELLS FARGO BANK, NATIONAL ASSOCIATION, personally known to me to be the same person whose name is subscribed to the foregoing instrument appeared before me this day in person and acknowledged that _she signed and delivered said instrument as her own free and voluntary act and as the free and voluntary act of said bank for the uses and purposes therein set forth.
GIVEN under my hand and notarial seal this _27___ day of _February__, 2015.

_/s/ Anu Sukumaran Rajeswari____________
Notary Public

My Commission Expires:

__12/30/17____________________________

Acknowledgment Page to Modification to Mortgage (Atchison and Wyandotte Counties, Kansas)

EXHIBIT A
(Description of Property)
Atchison County, Kansas
Land situated in the State of Kansas, County of Atchison and described as follows:

Legal Description (cont.)

Legal Description (cont.)

Legal Description (cont.)

Legal Description (cont.)

Legal Description (cont.)

Legal Description (cont.)

Legal Description (cont.)

Legal Description (cont.)

Wyandotte County, KansasMCD-3.31.2015-Ex 10(w)(i)

Exhibit 10(w)(i)

David Hoffmann
President McDonald’s APMEA

January 7, 2015

Extension of the Assignment to McDonald’s APMEA Franchising Pte. Ltd.

Dear Dave,

With reference to the assignment letter dated April 13, 2011, we are pleased to inform that we would like to amend the terms of your assignment, which began on May 1, 2011, and offer an extension of your assignment from May 1, 2014 to July 31, 2016.

Purpose of Your Assignment

The primary purpose of your assignment to MAF is to temporarily fill a position.  The duration of the assignment extension is expected to be two years, commencing May 1, 2014.  This assignment may be extended by mutual agreement. 

During your assignment, you will act as President - McDonald’s APMEA.  You will be based at the offices of McDonald’s APMEA at at No. 11 North Buona Vista Drive, #08-07/08 The Metropolis Tower 2, Singapore 138589 and you will report to the President & CEO of McDonald’s Corporation.  

Base Salary

Your annual gross base salary effective September 1, 2014 is US$570,000.  You will receive annual salary and performance reviews based on McD APMEA’s guidelines.  Your next salary review will be on March 1, 2015.
 
Target Incentive Program (TIP)

You will be eligible to be considered for a TIP payment under McD APMEA’s targeted incentive program at your target level (currently 85%).  In the event you are promoted while on assignment to a position with a different target percentage, the percentages will be pro-rated during the year in which the promotion occurs.  The team performance factor of TIP will be pro-rated based on the locations and business units to which you were assigned during the course of the year.  The TIP calculation will be based on the year-end business performance of each applicable business unit.  The timing of the TIP payment is governed by the Global Assignee Policy.

Long Term Incentives 

McDonald’s Corporation has advised that during this assignment you will continue to be eligible for long term incentives under McDonald’s Corporation’s LTI program, which include stock awards and CPUP, based on McD Corp’s guidelines.

Termination While Overseas

Your assignment to MAF may be voluntarily ended by you or involuntarily by either McD APMEA or MAF at will, with or without notice or reason, and without payment of any indemnity therefore unless expressly required by the law applicable to MAF.  If your assignment ends for whatever reason and you continue to be an employee of McD APMEA or a McDonald’s subsidiary or joint venture, you will be provided or reimbursed for return airfare (coach/economy class unless the flight is over 6 hours in length in which case business class airfare will be used) for you, your spouse/domestic partner and your eligible dependents.  Within prescribed limits and in accordance with policy, your household goods will be shipped to your point of origin or, if appropriate, to the place of your next assignment, whether in or outside U.S.

If you voluntarily terminate your employment with McD APMEA while on assignment, you are solely responsible for your own and your family’s relocation and repatriation.  If your employment with McD APMEA is involuntarily terminated while you are on assignment, McD APMEA will provide or reimburse you for return airfare (coach/economy class unless the flight is over 6 hours in length in which case business class airfare will be used) for you, your spouse, and your eligible dependents, and will provide for shipment of your household goods within prescribed limits to your point of origin.  This reimbursement and shipment is contingent on your moving back to U.S. within 60 days of termination.

Additionally, depending on the reason for your involuntary termination from McDonald’s APMEA, you may be eligible to receive severance under the terms of the McDonald’s Corporation Severance Plan.  Please consult the terms of the McDonald’s Corporation Severance Plan in order to determine your eligibility and benefits.

Position Upon Repatriation

Upon successful completion of your assignment, subject to the approval of the Board of Directors of McD Corp, we will place you in a position equivalent to your current position/level of Executive Vice President. You agree that this need not be in the same department in which you were placed prior to the assignment.  If no mutually agreeable position is available, your employment with McD Corp will end, and you may be eligible for severance pursuant to the terms of the McDonald’s Corporation’s Severance Plan.

All other terms and conditions of the assignment letter dated April 1, 2011 shall remain in effect for the extended duration of this assignment.

Please return a signed copy of this letter to Brian Madine to accept this extension. 
	
				
	 
	 
	 
	 

	Yours sincerely,
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	/s/ Donald Thompson      
	 
	/s/ David Hoffmann          
	 

	McDonald’s Corporation
	 
	David Hoffmann
	 

	Donald Thompson    
	 
	President - McDonald’s APMEA

	President & CEO
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	/s/ Manish Yadav
	 
	 
	 

	McDonald’s APMEA Franchising Pte. Ltd.
	 
	 

	Manish Yadav
	 
	 
	 

	Director
	 
	 
	 

	
			
	CC:
	Lisa Emerson, Varsha Vig, Tim Kane - Global Total Compensation

	 
	Doyoung Yong, Deloitte Tax LLP - Chicago

	 
	Carol Davis - Corporate HR

	 
	Shaun Ruming, Sunny Fong - APMEA HR

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