Document:

First Amendment To Mortgage, Security Agreement, Assignment of Rents and Leases

 Exhibit 10.6 
  

			
	 THIS DOCUMENT WAS PREPARED BY,
AND
 AFTER RECORDING, RETURN TO:
	  	
		 
	 John Krol, Esq.
 Katten Muchin Rosenman LLP
 525 W. Monroe Street, Suite 1900
 Chicago, Illinois 60661
	  	
		  	
	PROPERTY ADDRESS:	  	This space reserved for Recorder’s use only.
		  	 
	 110 Little Falls Road
	  	
	 Fairfield, Essex County, New Jersey 07004
	  	

 FIRST AMENDMENT TO MORTGAGE, SECURITY AGREEMENT, 
 ASSIGNMENT OF RENTS AND LEASES AND FIXTURE FILING 
 This FIRST AMENDMENT TO MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF RENTS AND LEASES AND FIXTURE FILING executed as of March 17, 2010 and effective and dated as of March 17, 2010 (this
“Amendment”), is made by and between UNIGENE LABORATORIES, INC., a Delaware corporation (the “Mortgagor”), and VICTORY PARK MANAGEMENT, LLC, a Delaware limited liability company, its successors and
assigns (the “Mortgagee”), in its capacity as administrative agent and collateral agent for the Lenders and the Holders (as defined in the Mortgage to which reference is hereinafter made) under the Financing Agreement (as defined in
the Mortgage to which reference is hereinafter made), for the benefit of the Lenders and the Holders. 
 R E
C I T A L S: 
 A. Mortgagor entered into that certain Financing Agreement dated
as of September 30, 2008 by and among the Lenders party thereto from time to time and Mortgagee, as administrative agent and collateral agent for the Lenders and the Holders (as the same may be amended, restated, modified or otherwise
supplemented and in effect from time to time, hereinafter the “Original Financing Agreement”), under which the Lenders agreed to purchase from the Borrowers (as defined in the Original Financing Agreement, which definition includes
Mortgagor) certain notes in an aggregate principal amount up to TWENTY MILLION AND NO/100 DOLLARS ($20,000,000.00). 
 B. To
secure Borrowers’ obligations under the Original Financing Agreement, Mortgagor executed and delivered to the Mortgagee, on behalf of the Lenders and the Holders, that certain Mortgage, Security Agreement, Assignment of Leases and Rents and
Fixture Filing dated as of September 30, 2008 (as the same may be amended, restated, modified or otherwise, from time to time, the “Mortgage”) encumbering, among other things, the real estate located in the County of Essex,
State of New Jersey and legally described on Exhibit “A” attached hereto and made a part hereof, which Mortgage was recorded October 27, 2008 in Book 12164, Page 3423, in the Records of Essex County, New Jersey. 

 C. In connection with the execution and delivery of this Amendment, the Borrowers, the
Mortgagee, the Lenders and the Holders entered into that certain Amended and Restated Financing Agreement dated as of March 16, 2010 (as the same may be amended, restated, modified or otherwise supplemented in effect from time to time, the
“Amended and Restated Financing Agreement”), under which the Lenders agreed to purchase from the Borrowers certain notes in an aggregate principal amount of THIRTY-THREE MILLION AND NO/100 DOLLARS ($33,000,000.00). 
 D. As a condition to the Mortgagee, the Lenders and the Holders executing the Amended and Restated Financing Agreement, the Mortgagee, the
Lenders and the Holders are requiring the execution and delivery of this Amendment. 
 NOW, THEREFORE, for good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Mortgagor and Mortgagee agree as follows: 
 A G R E E M E N T S: 
 1. The parties
hereto agree that all references in the Mortgage to (a) the Financing Agreement shall be deemed to refer to the Amended and Restated Financing Agreement, (b) all references to the Mortgage shall refer to the Mortgage as the same may be
amended, restated, modified or otherwise supplemented from time to time, including, without limitation, pursuant to this Amendment and (c) without limiting the generality of the foregoing, all capitalized terms used but not defined in the
Mortgage shall have the meanings ascribed to them in the Amended and Restated Financing Agreement. 
 2. Section 24 of the
Mortgage is hereby amended by deleting the reference to Latham & Watkins and substituting the following therefor: 
  

							
	With a copy to:	 		 	 KATTEN MUCHIN ROSENMAN LLP
 525 West Monroe Street
 Suite 1900
 Chicago, Illinois 60661

	 	 	Telephone:	  	312.902.5659
	 	 	Facsimile:	  	312.577.4747
	 	 	Attention:	  	John Krol, Esq.

 3.
Section 32(j) of the Mortgage is hereby amended by deleting such Section in its entirety and substituting the following thereto: 
 “(j) Maximum Indebtedness Secured. Notwithstanding anything to the contrary in the Mortgage, the maximum principal amount of indebtedness or obligations that are, or under any contingency may
be, secured by this Mortgage (including the

  

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Mortgagor’s obligation to reimburse advances made by the Mortgagee), either at execution or at any time thereafter, is THIRTY-THREE MILLION AND NO/100 DOLLARS ($33,000,000.00) plus the face
amount of any additional promissory notes issued in connection with a Subsequent Closing, plus amounts that the Mortgagee or any Lender or Holder expends after a declaration of default under this Mortgage to the extent that any such amounts shall
constitute payment of (i) taxes, charges or assessments that may be imposed by law upon the Premises; (ii) premiums on insurance policies covering the Premises; (iii) expenses incurred in upholding the lien of this Mortgage, including
the expenses of any litigation to prosecute or defend the rights and lien created by this Mortgage; or (iv) any amount, cost or charge to which the Mortgagee or any Lender or Holder becomes subrogated, upon payment, whether under recognized
principles of law or equity, or under express statutory authority; then, and in each such event, such amounts or costs, together with interest thereon, shall be added to the Secured Obligations secured hereby and shall be secured by this Mortgage.
This Mortgage secures the payment of the entire indebtedness secured hereby; provided, however the total amount secured by this Mortgage shall not exceed an amount equal to two hundred percent (200%) of the face amount of the sum of the Notes
plus any additional promissory notes issued in connection with a Subsequent Closing.” 
 4. Miscellaneous.

 (a) Successors and Assigns. This Amendment and all provisions hereof shall be binding upon and
enforceable against the Mortgagor and its assigns and other successors. This Amendment and all provisions hereof shall inure to the benefit of the Mortgagee, its successors and assigns and any Person from time to time a Lender or a Holder under the
Financing Agreement. 
 (b) Except as amended hereby, the Mortgage remains in full force and effect. 

[Remainder of Page Intentionally Left Blank – Signature Page Follows] 
  

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 IN WITNESS WHEREOF, the Mortgagor and Mortgagee have executed and delivered this
Amendment the day and year first above written as the execution date. 
  

			
	UNIGENE LABORATORIES, INC.
		
	 By:
	 	 /s/ Warren P. Levy

	 Name:
	 	Warren P. Levy
	 Title:
	 	Chief Executive Officer
	
	VICTORY PARK MANAGEMENT, LLC
		
	 By:
	 	 /s/ Matthew Ray

	 Name:
	 	Matthew Ray
	 Title:
	 	Manager

 Signature Page to First
Amendment to Mortgage, 
 Security Agreement, Assignment of Rents and Leases and Fixture Filing 

 STATE OF NEW JERSEY, 
 COUNTY OF PASSAIC: SS:. 
 I CERTIFY that on March 16, 2010, Warren P. Levy personally came
before me and this person acknowledged under oath, to my satisfaction, that: 
 a) this person signed and delivered the attached document as
Chief Executive Officer of Unigene Laboratories, Inc.; and 
 b) this document was signed and made by the corporation as its voluntary act and
deed by virtue of authority from its Board of Directors. 
  

					
	 /s/ Linda L. Rohloff
 (Print Name), Notary Public
	    	 LINDA L. ROHLOFF
 Notary Public, State of New Jersey
 County of Passaic
 Registration No. 2057307
 Commission Expires April 11, 2014
	  	

 STATE OF ILLINOIS 
 COUNTY OF COOK: SS:. 
 I CERTIFY that on March 12, 2010, Matthew Ray personally came before
me and this person acknowledged under oath, to my satisfaction, that: 
 a) this person signed and delivered the attached document as Manager of
Victory Park Management, LLC; and 
 b) this document was signed and made by the limited liability company as its voluntary act and deed by
virtue of authority from its governing body. 
  

					
	 /s/ Mary Quinn Morris
 (Print Name), Notary Public
	  	 “OFFICIAL SEAL”
 Mary Quinn Morris
 Notary Public, State of Illinois
 County of Passaic
 My
Commission Expires January 14, 2012
	  	

 Acknowledgement Page to First Amendment to Mortgage, 
 Security Agreement, Assignment of Rents and Leases and Fixture Filing 

 EXHIBIT “A” 
 LEGAL DESCRIPTION OF REAL ESTATE 
 (ATTACHED)

 Legal Description 
 110 Little Falls Road, Fairfield, NJ 
 All the real property
located in the Township of Fairfield, County of Essex, State of New Jersey and more particularly described as follows: 
 BEGINNING at a point
on the West side of Little Falls Road distant 805.68 feet northerly from the intersection of the West side of Little Falls Road and North side of Pier Lane; thence 
 (1) Running through the lands formerly of Carrie DeVito, South 40 degrees 57 minutes, West 506.81 feet to a point; thence 
 (2) Still through the lands of Carrie DeVito, North 89 degrees 09 minutes West, 59.13 feet to the West line of lands formerly of Carrie DeVito; thence 
 (3) Running along the West line of lands formerly of Carrie DeVito, North 6 degrees 19 minutes East, 352.04 feet to a pint; thence 
 (4) Still along the West line of lands formerly of Carrie, DeVito, North 54 degrees 15 minutes East, 262.37 feet to the West side of Little Falls Road;
thence 
 (5) Running along the West side of Little Falls Road, South 49 degrees 03 minutes East, 185.00 feet to the point and place of
Beginning. 
 NOTE: Being Lot(s) 22, Block 2801, Tax Map of the Township of Fairfield. 
 BEING commonly known as 110 Little Falls Road, Fairfield, New Jersey. 
 BEING the same premises conveyed to the Mortgagor herein by Deed recorded on June 23, 1982 in the Essex County Register’s Office in Book 4754, page 450.Reaffirmation of Affiliate Subordination Agreement

 Exhibit 10.7 
 REAFFIRMATION OF AFFILIATE SUBORDINATION AGREEMENT 
 This REAFFIRMATION OF AFFILIATE SUBORDINATION AGREEMENT (this “Agreement”) is entered into as of March 17, 2010, by and among Jean Levy (“Levy”), Jaynjean Levy Family Limited Partnership, a Delaware limited
partnership (the “Partnership” and, together with Levy, the “Subordinated Creditors”), Unigene Laboratories, Inc., a Delaware corporation (the “Company”), and Victory Park Management, LLC, a Delaware limited liability
company, as Agent for all Senior Lenders party to the Senior Credit Agreement described in the Subordination Agreement. Capitalized terms used (including in the Recitals) but not defined herein shall have the meanings set forth in that certain
Affiliate Subordination Agreement dated September 30, 2008 among Subordinated Creditors (with respect to Levy, as successor-in-interest to Jay Levy), Company and Agent (or the same may be amended, restated, supplemented and in effect from time
to time, the “Subordination Agreement”). 
 R E C I T A L S 
 A. The Company, Agent and Senior Lenders have entered into that certain Financing Agreement dated September 30, 2008 pursuant to
which, among other things, Senior Lenders have agreed, subject to the terms and conditions set forth in such Financing Agreement, to purchase certain senior notes from the Company. All of the Company’s obligations to Agent and Senior Lenders
under the Senior Credit Agreement and the other Senior Debt Documents are secured by first-priority liens on and security interests in substantially all of the now existing and hereafter acquired real and personal property of the Company (the
“Collateral”). 
 B. The Company has issued the Subordinated Notes to the Subordinated Creditors. All of the
Company’s obligations evidenced by the Subordinated Notes are secured by second-priority liens on and security interests in certain of the Collateral as described in Schedule A attached to the Subordination Agreement. 
 C. In connection with the execution and delivery of this Agreement, the Company, Agent and Senior Lenders entered into that certain
Amended and Restated Financing Agreement dated as of March 16, 2010 (as the same may be amended, restated, supplemented and in effect from time to time, the “Amended and Restated Financing Agreement”), pursuant to which among other
things, the Lenders are amending and restating the existing obligations and extending to the Company additional extensions of credit. 
 D. As an inducement to and as one of the conditions precedent to the agreement of Agent and Senior Lenders to consummate the transactions contemplated by the Amended and Restated Financing Agreement (the “Transactions”),
Agent and Senior Lenders have required the execution and delivery of this Agreement, and the consent to the Transactions, by Subordinated Creditors and the Company. 

 NOW, THEREFORE, in order to induce Agent and Senior Lenders to consummate the
transactions contemplated by the Senior Credit Agreement, and for other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the parties hereto hereby agree as follows: 
 1. Consent and Reaffirmation. 
 (a) Each Subordinated Creditor (i) acknowledges that it has received a copy of the Amended and Restated Financing Agreement, (ii) acknowledges and agrees that the Amended and Restated Financing
Agreement constitutes a Senior Credit Agreement and VPC Loan Document, that the agreements, documents and instruments executed and delivered in connection therewith constitute Senior Debt Documents and VPC Loan Documents, that the Obligations of the
Obligors have increased as a result thereof and all such increased obligations constitute “Senior Debt” for purposes of the Subordination Agreement and (iii) consents to the execution, delivery and performance of the terms of the
Amended and Restated Financing Agreement and the agreements, documents and instruments executed and delivered in connection therewith. Each Subordinated Creditor hereby (i) ratifies and reaffirms the continued subordination of the Subordinated
Debt and the Lien securing the Subordinated Debt to the Senior Debt and to the Liens securing the Senior Debt, (ii) acknowledges that except as specifically set forth herein, the Agent does not waive, diminish or limit any term or condition
contained in the Subordination Agreement, and (iii) agrees that the Subordination Agreement, the subordination effected thereby and the rights and obligations of each Subordinated Creditor, the Senior Lenders and the Obligors arising thereunder
shall not be affected, modified or impaired in any manner or to any extent by the Amended and Restated Financing Agreement or the transactions contemplated thereby, except to the extent herein set forth. 
 (b) Agent, on behalf of itself and the Senior Lenders, consents to the amendment and restatement of the Subordinated Notes in form and
substance as attached hereto as Exhibit A (without amendment, waiver or change of any term or provision thereof not agreed to in writing by Agent, the “Amended and Restated Subordinated Notes”). The parties hereto hereby agree that the
Amended and Restated Subordinated Notes constitute Subordinated Notes for all purposes of the Subordination Agreement and all obligations, liabilities and indebtedness of the Company evidenced thereby constitutes Subordinated Debt. 
 2. Amendment to Subordination Agreement. The parties hereto hereby agree that the Subordination Agreement shall be amended as follows:

 (a) Section 2.3(a) of the Subordination Agreement shall be amended and restated in its entirety to read as follows:

 (a) Notwithstanding the terms of the Subordinated Debt Documents, the Company hereby agrees that it shall not
make, and each Subordinated Creditor hereby agrees that it shall not accept, any Distribution with respect to the Subordinated Debt (other than Permitted Subordinated Debt Payments subject to the terms of subsection 2.2

  

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of this Agreement) until the Senior Debt has been indefeasibly paid in full in cash and all commitments to lend under the Senior Debt Documents shall have been terminated; provided, however, that
the Company and Subordinated Creditors further agree that no Permitted Subordinated Debt Payment may be made by the Company or accepted by any Subordinated Creditor if, at the time of such payment, either (i) a Senior Default exists and such
Senior Default shall not have been waived or (ii) the Company is Insolvent (as defined in the Senior Credit Agreement) or would be rendered Insolvent after giving effect to such payment. 
 (b) Schedule B to the Subordination Agreement shall be replaced in its entirety with Exhibit B attached hereto. 
 3. Representations and Warranties of Subordinated Creditor. Each Subordinated Creditor hereby represents and warrants, severally and not
jointly, to the Agent and Senior Lenders that as of the date hereof: (a) such Subordinated Creditor is an individual or a partnership duly formed and validly existing under the laws of the State of Delaware, as applicable; (b) such
Subordinated Creditor has the power and authority to enter into, execute, deliver and carry out the terms of this Agreement, all of which have been duly authorized by all proper and necessary action; (c) the execution of this Agreement by such
Subordinated Creditor will not violate or conflict with the organizational documents of such Subordinated Creditor, as applicable, any material agreement binding upon such Subordinated Creditor or any law, regulation or order or require any consent
or approval which has not been obtained; (d) this Agreement is the legal, valid and binding obligation of such Subordinated Creditor, enforceable against such Subordinated Creditor in accordance with its terms, except as such enforceability may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by equitable principles; (e) such Subordinated Creditor is the sole owner,
beneficially and of record, of its Subordinated Debt Documents and its Subordinated Debt; (f) no Person other than the Company is obligated in respect of the Subordinated Debt or under any Subordinated Debt Documents; (g) its Subordinated
Debt is not secured by any assets of the Company that do not constitute Collateral; (h) its Subordinated Debt is not secured by any assets of the Company that are not described in Schedule A attached to the Subordination Agreement;
(i) no defaults have occurred and are continuing under the Subordinated Debt or any of the Subordinated Debt Documents or would arise thereunder upon the execution, delivery and performance of the Amended and Restated Financing Agreement; and
(j) each of the Subordinated Debt Documents in existence as of the date hereof are identified in Schedule C attached to the Subordination Agreement (as amended in the manner provided by the documents attached hereto as Exhibit A).

 4. Further Assurances. Each party to this Agreement promptly will execute and deliver such further instruments and agreements
and do such further acts and things as may be reasonably requested in writing by any other party hereto that may be necessary or desirable in order to effect fully the purposes of this Agreement. 
  

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 5. Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to
the benefit of, and shall be binding upon, the respective successors and assigns of Agent, Senior Lenders, Subordinated Creditors and the Company. 
 6. Conflict. In the event of any conflict between any term, covenant or condition of this Agreement and any term, covenant or condition of any of the Subordinated Debt Documents, the provisions of this Agreement shall control
and govern. 
 7. Headings. The paragraph headings used in this Agreement are for convenience only and shall not affect the
interpretation of any of the provisions hereof. 
 8. Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Furthermore, such counterparts may be delivered by facsimile or by electronic mail in “portable document format” (or
“.pdf”), with any such counterpart delivered in such way deemed an original. 
 9. Severability. In the event that any
provision of this Agreement is deemed to be invalid, illegal or unenforceable by reason of the operation of any law or by reason of the interpretation placed thereon by any court or governmental authority, the validity, legality and enforceability
of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby, and the affected provision shall be modified to the minimum extent permitted by law so as most fully to achieve the intention of this Agreement.

 10. Continuation of Subordination; Termination of Agreement. This Agreement shall remain in full force and effect until the
indefeasible payment in full in cash of the Senior Debt and the termination of all lending commitments under the Senior Debt Documents, after which this Agreement shall terminate without further action on the part of the parties hereto. 

11. Applicable Law. This Agreement shall be governed by and shall be construed and enforced in accordance with the internal laws of the
State of Illinois, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Illinois or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State
of Illinois. 
 12. CONSENT TO JURISDICTION. EACH SUBORDINATED CREDITOR AND THE COMPANY HEREBY CONSENTS TO THE JURISDICTION OF ANY
STATE OR FEDERAL COURT LOCATED WITHIN THE COUNTY OF COOK, STATE OF ILLINOIS AND IRREVOCABLY AGREES THAT, SUBJECT TO AGENT’S ELECTION, ALL ACTIONS OR PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE LITIGATED IN SUCH COURTS.
EACH SUBORDINATED CREDITOR AND THE COMPANY EXPRESSLY SUBMITS AND CONSENTS TO THE JURISDICTION OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS. EACH SUBORDINATED

  

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CREDITOR AND THE COMPANY HEREBY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE UPON IT BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT
REQUESTED, ADDRESSED TO SUBORDINATED CREDITORS AND THE COMPANY AT THEIR RESPECTIVE ADDRESSES SET FORTH IN THE SUBORDINATION AGREEMENT AND SERVICE SO MADE SHALL BE COMPLETE TEN (10) DAYS AFTER THE SAME HAS BEEN POSTED. IN ANY LITIGATION, TRIAL,
ARBITRATION OR OTHER DISPUTE RESOLUTION PROCEEDING RELATING TO THIS AGREEMENT, ALL DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS OF ANY SUBORDINATED CREDITOR, THE COMPANY OR ANY OF THEIR RESPECTIVE AFFILIATES SHALL BE DEEMED TO BE EMPLOYEES OR MANAGING
AGENTS OF SUCH SUBORDINATED CREDITOR OR THE COMPANY, AS APPLICABLE, FOR PURPOSES OF ALL APPLICABLE LAW OR COURT RULES REGARDING THE PRODUCTION OF WITNESSES BY NOTICE FOR TESTIMONY (WHETHER IN A DEPOSITION, AT TRIAL OR OTHERWISE). EACH SUBORDINATED
CREDITOR AND THE COMPANY AGREES THAT AGENT’S OR ANY SENIOR LENDER’S COUNSEL IN ANY SUCH DISPUTE RESOLUTION PROCEEDING MAY EXAMINE ANY OF THESE INDIVIDUALS AS IF UNDER CROSS-EXAMINATION AND THAT ANY DISCOVERY DEPOSITION OF ANY OF THEM MAY
BE USED IN THAT PROCEEDING AS IF IT WERE AN EVIDENCE DEPOSITION. EACH SUBORDINATED CREDITOR AND THE COMPANY IN ANY EVENT WILL USE ALL COMMERCIALLY REASONABLE EFFORTS TO PRODUCE IN ANY SUCH DISPUTE RESOLUTION PROCEEDING, AT THE TIME AND IN THE MANNER
REQUESTED BY AGENT OR ANY LENDER, ALL PERSONS, DOCUMENTS (WHETHER IN TANGIBLE, ELECTRONIC OR OTHER FORM) OR OTHER THINGS UNDER ITS CONTROL AND RELATING TO THE DISPUTE. 
 13. WAIVER OF JURY TRIAL. EACH SUBORDINATED CREDITOR, THE COMPANY AND AGENT HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS
AGREEMENT, ANY OF THE SUBORDINATED DEBT DOCUMENTS OR ANY OF THE SENIOR DEBT DOCUMENTS. EACH SUBORDINATED CREDITOR, THE COMPANY AND AGENT ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS
RELIED ON THE WAIVER IN ENTERING INTO THIS AGREEMENT AND THE SENIOR DEBT DOCUMENTS AND THAT EACH WILL CONTINUE TO RELY ON THE WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH SUBORDINATED CREDITOR, THE COMPANY AND AGENT WARRANTS AND REPRESENTS THAT
EACH HAS HAD THE OPPORTUNITY OF REVIEWING THIS JURY WAIVER WITH LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS. 
 (Signature Page Follows) 
  

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 IN WITNESS WHEREOF, each Subordinated Creditors, the Company and Agent have caused this Agreement to
be executed as of the date first above written. 
  

			
	SUBORDINATED CREDITORS:
	
	 /s/ Jay Levy

	By: Jay Levy, as Attorney-in-Fact for Jean Levy
	
	JAYNJEAN LEVY FAMILY LIMITED PARTNERSHIP, a Delaware limited partnership
		
	By:	 	Ronald S. Levy,
		 	Its general partner
		
		 	       /s/ Ronald Levy

		 	    By: Ronald S. Levy
		
	By:	 	Warren P. Levy,
		 	Its general partner
		
		 	       /s/ Warren Levy

		 	    By: Warren P. Levy
	
	COMPANY:
	
	UNIGENE LABORATORIES, INC., a Delaware corporation
	
	   /s/ William Steinhauer

	By:	 	William Steinhauer
	Its:	 	Vice President of Finance
	
	AGENT:
	
	VICTORY PARK MANAGEMENT, LLC, a Delaware limited liability company
	
	   /s/ Matthew Ray

	By:	 	Matthew Ray
	Its:	 	Manager

  

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 EXHIBIT A 
 Second Amended and Restated Subordinated Notes 
 (see attached) 

 EXHIBIT B 
 Revised Schedule B 
 PAYMENT TO JEAN LEVY 
  

										
	 Date
	  	Principal Due	  	Interest Due*	  	Total
	 May 10, 2010
	  	$	500,000.00	  	$	0	  	$	500,000.00

 PAYMENTS TO
JAYNJEAN LEVY FAMILY LIMITED PARTNERSHIP 
  

										
	 Date
	  	Principal Due	  	Interest Due*	  	Total
	 May 10, 2010
	  	$	500,000.00	  	$	0	  	$	500,000.00
	 November 10, 2010
	  	$	500,000.00	  	$	0	  	$	500,000.00
	 May 10, 2011
	  	$	250,000.00	  	$	0	  	$	250,000.00

 * Interest accrued under or
otherwise evidenced by the Subordinated Notes shall not be due and payable until the maturity date thereof.

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