Document:

Exhibit 10.1

 

AMENDMENT
NO. 7 TO CREDIT AGREEMENT

 

Amendment No. 7, dated
as of June 10, 2022 (this “Amendment”), by and among XPO LOGISTICS, INC., a Delaware corporation (the “Borrower”),
certain of the Borrower’s Subsidiaries signatory hereto, the Lenders party hereto and MORGAN STANLEY SENIOR FUNDING, INC.,
in its capacity as administrative agent and collateral agent for the Lenders (in such capacities, the “Agent”), relating
to the Senior Secured Term Loan Credit Agreement, dated as of October 30, 2015 (as amended, amended and restated, extended, supplemented
or otherwise modified prior to the date hereof, the “Credit Agreement”), among the Borrower, the Subsidiaries of the
Borrower from time to time party thereto, the Lenders from time to time party thereto and the Agent.

 

WHEREAS, the Borrower and the
Requisite Lenders have agreed to amend the Credit Agreement as set forth herein.

 

NOW, THEREFORE, in consideration
of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto, intending to be legally bound hereby, agree as follows:

 

Section 1.     Defined
Terms. Unless otherwise specifically defined herein, each term used herein that is defined in the Credit Agreement has the meaning
assigned to such term in the Credit Agreement.

 

Section 2.     Amendments.
Effective as of the Amendment No. 7 Closing Date (as defined below), the Credit Agreement shall be deemed amended as set forth below:

 

(a)            The
terms “Contribution”, “Distribution”, “Separation”, “SpinCo”, “Spin Documents”
and “Spin Transactions” shall be redefined using the terms “GXO Spin Contribution”, “GXO Spin Distribution”,
 “GXO Spin Separation”, “GXO SpinCo”, “GXO Spin Documents” and “GXO Spin Transactions”,
respectively, with the definitions thereof otherwise unchanged from the Credit Agreement as in effect prior to such amendments.

 

(b)            The
following terms shall be added in alphabetical order:

 

““Amendment No. 7” means Amendment
No. 7 to Credit Agreement dated as of June 10, 2022 among the Borrower, the other Credit Parties thereto, the Lenders party
thereto and the Agent.

 

“Amendment No. 7 Closing Date” has
the meaning set forth in Amendment No. 7, and occurred on June 10, 2022.

 

“NAT SpinCo” means a domestic Person formed
or to be formed by or on behalf of the Borrower in connection with the NAT Spin Transactions.

 

“NAT Spin Contribution” means the transfer
of the stock or other Equity Interests of certain Subsidiaries of Borrower holding the assets, liabilities and/or operations of all or
a portion of the North American brokered transportation services business and last mile logistics, managed transportation and global forwarding
businesses of the Borrower and its Subsidiaries, along with the transfer and assignment of certain related assets and liabilities of the
Borrower or its Subsidiaries to NAT SpinCo and its Subsidiaries.

 

    

    

    

 

“NAT Spin Distribution” means the distribution, in
one or more transactions, to the equityholders of Borrower of at least 80.1% of the Equity Interests of NAT SpinCo (with cash in
lieu of any fractional shares, if applicable).

 

“NAT Spin Separation” means each of the
NAT Spin Contribution, the NAT Spin Distribution and each of the other transactions ancillary to or as otherwise part of a plan with the
foregoing, including but not limited to any distributions or other transfers of cash and/or other property or liabilities by NAT SpinCo
or its Subsidiaries to Borrower or its Subsidiaries in connection with the NAT Spin Contribution and, as and to the extent determined
by the Borrower to be necessary or desirable in connection with the foregoing, the assumption by NAT SpinCo or any of its Subsidiaries
of any liabilities of Borrower.

 

“NAT Spin Transactions” means (a) the
Incurrence of Indebtedness by NAT SpinCo or a subsidiary of NAT SpinCo, (b) any distributions paid by or on behalf of, or issuances
of stock or securities by, NAT SpinCo to the Borrower in connection with the Separation, (c) the consummation of each of the NAT
Spin Contribution, NAT Spin Distribution and NAT Spin Separation and the other transactions related thereto or to facilitate the NAT Spin
Contribution, NAT Spin Distribution or NAT Spin Separation, as applicable, as determined in good faith by the Borrower, which determination
shall be conclusive, (d) the execution and performance of all agreements (along with schedules and exhibits thereto) entered into
by or between Borrower or any of its Subsidiaries, on the one hand, and NAT SpinCo or any of its Subsidiaries, on the other hand,
relating to or in connection with the NAT Spin Contribution, the NAT Spin Separation, the NAT Spin Distribution or any other transactions
necessary to complete the NAT Spin Contribution, the NAT Spin Separation or the NAT Spin Distribution, including but not limited to, the
separation and distribution agreement, the transition services agreement, the tax matters agreement, the employee matters agreement, the
intellectual property license agreement and the transfer documents (the items in this clause (d), collectively, the “NAT Spin
Documents”) and (e) the payment of fees and expenses related to the foregoing.

 

“SpinCo” means (a) GXO Logistics, Inc.
or (b) NAT SpinCo, or both of them, as the context may require.

 

“Spin Documents” means (a) the GXO
Spin Documents or (b) the NAT Spin Documents, or all of them, as the context may require

 

“Spin Transactions” means (a) the GXO
Spin Transactions or (b) the NAT Spin Transactions, or all of them, as the context may require.”

 

(c)             Section 2.3(b)(ii) shall
be amended to (a) add “, clause (b)(ii)(C)” immediately after the first appearance of the phrase “clause (b)(ii)(B)”
and (b) include a new clause (C) as follows:

 

“(C)     With respect
to any Net Proceeds received with respect to any Prepayment Disposition prior to or following the Amendment No. 7 Closing Date, at
the option of Borrower and so long as no Event of Default shall have occurred and be continuing, Borrower may apply all or any portion
of such Net Proceeds to redeem, repurchase, repay or otherwise satisfy Indebtedness for borrowed money of the Borrower or its Restricted
Subsidiaries (or to replenish such amounts so applied, or to repay debt the proceeds of which were so applied) within 12 months following
receipt of such Net Proceeds, provided, that if any Net Proceeds are no longer intended to be or cannot be so applied, or
have not been applied within the time period set forth above, an amount equal to any such Net Proceeds shall be applied as set forth in Section 2.3(a)(ii)(A) or
(B) in accordance with the time periods set for therein following Borrower’s reasonable determination that such Net Proceeds
are no longer intended to be or cannot be so applied as set forth in this Section 2.3(b)(ii)(C).”

 

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Section 3.     Representations
and Warranties. The Borrower and each other Credit Party hereby represents and warrants to the Agent and the Lenders that on the
Amendment No. 7 Closing Date:

 

(i)           no
Default or Event of Default shall have occurred and be continuing immediately prior to or immediately after the effectiveness of this
Amendment; and

 

(ii)          the
representations and warranties set forth in Section 4 of the Credit Agreement and in each other Loan Document shall be true and correct
in all material respects on and as of the Amendment No. 7 Closing Date, except to the extent that such representations or warranties
expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date.

 

Section 4.     Effectiveness.
This Amendment shall become effective as of the first date when each of the following conditions shall have been satisfied (the date of
satisfaction of such conditions, which date is June 10, 2022, the “Amendment No. 7 Closing Date”):

 

(i)           The
Agent shall have received from the Borrower, each other Credit Party, the Agent and Requisite Lenders (each Lender party hereto, a “Consenting
Lender”, and collectively, the “Consenting Lenders”) an executed counterpart hereof or other written confirmation
(in form satisfactory to the Agent) that such party has signed a counterpart hereof;

 

(ii)          The
Agent shall have received, for the ratable account of the Consenting Lenders, an amendment fee equal to $5,000,000, which fee shall be
shared among the Consenting Lenders based on each Consenting Lender’s pro rata share of the outstanding Loans held by all Consenting
Lenders immediately prior to the effectiveness of this Amendment;

 

(iii)         All
fees and out-of-pocket expenses of the Agent required to be paid or reimbursed by the Borrower on the Amendment No. 7 Closing Date
under Section 12.3 of the Credit Agreement, shall, to the extent invoiced and provided in writing to the Borrower at least one Business
Day prior to the Amendment No. 7 Closing Date, have been paid or reimbursed; and

 

(iv)         The
representations and warranties made pursuant to Section 3 hereof shall be true and correct in all material respects on and as of
the Amendment No. 7 Closing Date, except to the extent that such representations or warranties expressly relate to an earlier
date, in which case they shall be true and correct in all material respects as of such earlier date.

 

Section 5.     Governing
Law. This Amendment shall be governed by and construed and interpreted in accordance with the laws of the State of New York.

 

Section 6.     Credit
Agreement Governs. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute
a waiver of or otherwise affect the rights and remedies of any Lender or the Agent under the Credit Agreement or any other Loan Document,
and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in
the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force
and effect (it being understood and agreed, for the avoidance of doubt, that neither Consenting Lenders nor their assignees may assert,
or direct the Agent to assert, any claim or default arising from the consummation of the Spin Transactions (as defined in the Credit Agreement
as amended by this Amendment) or from this Amendment). Nothing herein shall be deemed to entitle any Credit Party to a future consent
to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained
in the Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall constitute a Loan Document
for purposes of the Credit Agreement and from and after the Amendment No. 7 Closing Date, all references to the Credit Agreement
in any Loan Document and all references in the Credit Agreement to “this Agreement,” “hereunder,” “hereof”
or words of like import referring to the Credit Agreement, shall, unless expressly provided otherwise, refer to the Credit Agreement as
amended by this Amendment.

 

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Section 7.     Counterparts.
This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by facsimile
or electronic (i.e., “pdf” or “tif”) transmission shall be effective as delivery of a manually executed counterpart
of this Amendment. Any signature to this Amendment may be delivered by electronic mail (including pdf) or any electronic signature complying
with the U.S. federal ESIGN Act of 2000 or the New York Electronic Signature and Records Act or other transmission method and any counterpart
so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes to the fullest extent
permitted by applicable law.

 

Section 8.     Agent
Acting at Direction of Requisite Lenders. By their signature hereto, the Requisite Lenders direct and authorize the Agent to execute
this Amendment.

 

[Remainder of page intentionally left blank]

 

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IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

	 	BORROWER:
	 	 	 
	 	XPO LOGISTICS, INC.
	 	 	 
	 	 	 
		By:	/s/ Lorraine Sperling
	 	 	Name:	Lorraine Sperling
	 	 	Title:	Senior Vice President and Treasurer

 

[Signature Page – Amendment No. 7 to XPO Senior
Secured Term Loan Credit Agreement]

 

    

    

    

 

	 	GUARANTORS:

 

	 	BOUNCE LOGISTICS, LLC
	 	JACOBSON LOGISTICS COMPANY, L.C.
	 	JACOBSON TRANSPORTATION COMP ANY, INC.
	 	JHCI HOLDING USA, INC.
	 	NAT HOLDINGS, LLC
	 	XPO AIR CHARTER, LLC
	 	XPO CNW, INC.
	 	XPO COURIER, LLC
	 	XPO CUSTOMS CLEARANCE SOLUTIONS, LLC
	 	XPO DEDICATED, LLC
	 	XPO ENTERPRISE SERVICES, LLC
	 	XPO GLOBAL FORWARDING, INC.
	 	XPO LAND HOLDINGS, LLC
	 	XPO LAST MILE, INC.
	 	XPO LAST MILE HOLDING, INC.
	 	XPO LOGISTICS EXPRESS, LLC
	 	XPO LOGISTICS FREIGHT, INC.
	 	XPO LOGISTICS MANAGED TRANSPORTATION, LLC
	 	XPO LOGISTICS MANUFACTURING, LLC
	 	XPO LOGISTICS NLM, LLC
	 	XPO LOGISTICS, LLC
	 	XPO LTL HOLDINGS, LLC
	 	XPO LTL SOLUTIONS, LLC
	 	XPO MANUFACTURING HOLDINGS, LLC
 XPO NAT SOLUTIONS, LLC
	 	XPO PROPERTIES, INC.

 

	 	By:	/s/ Lorraine Sperling
	 	Name: Lorraine Sperling
	 	Title:   Senior Vice President, Treasurer

 

[Signature Page –
Amendment No. 7 to XPO Senior Secured Term Loan Credit Agreement]

 

    

    

    

 

	 	AGENT:
	 	 
	 	MORGAN STANLEY SENIOR FUNDING, INC., as Agent
	 	 
	 	 
	 	By:	/s/ Lisa
    Hanson                      
	 	Name: Lisa Hanson
	 	Title: Authorized Signatory

 

[Signature Page – Amendment No. 7 to XPO Senior
Secured Term Loan Credit Agreement]

 

    

    

    

 

LENDERS’ SIGNATURE PAGES

 

[Held on file with Agent]

 

[Signature Page – Amendment No. 7
to XPO Senior Secured Term Loan Credit Agreement]Exhibit
10.11

 

RESCISSION
AGREEMENT

 

THIS
RESCISSION AGREEMENT (this “Agreement”) is dated as of June 6, 2022

 

BETWEEN:

 

LODE
STAR GOLD, INC., a Nevada corporation having an address at 13529 Skinner Road, Suite N, Cypress, TX 77429

 

(the
“Buyer”)

 

AND:

 

SAPIR
PHARMACEUTICALS, INC., a Delaware corporation having an address at 6 Buttell Avenue, Lakewood, NJ 08701

 

(the
“Seller”)

 

WHEREAS:

 

		A.	The
                                            Buyer and the Seller are parties to an asset purchase agreement (the “Asset Purchase
                                            Agreement”) and a royalty agreement (the “Royalty Agreement”),
                                            each dated December 23, 2021 (together, the “Sapir Agreements”);

 

		B.	Pursuant
                                            to Asset Purchase Agreement, the Buyer acquired all of the right, title and interest of the
                                            Seller in and to certain assets owned by the Seller (collectively, the “Business”),
                                            in exchange for which the Buyer agreed to issue to the Seller 1,000,000 shares of a newly
                                            created series of convertible preferred stock of the Buyer (collectively, the “Preferred
                                            Stock”) at a deemed price of $1.00 per share;

 

		C.	Pursuant
                                            to the Royalty Agreement, the Buyer covenanted to provide the Seller with a royalty equal
                                            to 5% of the gross revenues realized by the Buyer from the sale or license of products generated
                                            or derived from the Business;

 

		D.	Due
                                            to circumstances beyond the control of the parties, including the unanticipated resignation
                                            of the new Chief Executive Officer of the Buyer, the Buyer has been unable to develop the
                                            Business to the extent contemplated by (i) the Sapir Agreements and (ii) discussions that
                                            occurred between the Buyer and the Seller following the closing of the Asset Purchase Agreement;

 

		E.	To
                                            date, the Buyer has not issued the Preferred Stock to the Seller or completed any payments
                                            to the Seller under the Royalty Agreement; and

 

		F.	Due
                                            to the foregoing, the parties desire to rescind the Sapir Agreements on the terms set forth
                                            in this Agreement.

     

     

    

NOW
THEREFORE, in consideration of the premises and mutual covenants set forth herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

		1.	The
                                            Sapir Agreements are hereby rescinded, with the effect that (a) the Buyer and the Seller
                                            shall be restored to the respective positions they occupied immediately in advance of the
                                            execution and delivery of the Sapir Agreements, and (b) neither party shall have any further
                                            obligations to the other party pursuant to or arising directly or indirectly from the Sapir
                                            Agreements or from any other agreement and understanding, whether written or oral, relating
                                            to the subject matter thereof. For greater certainty, the Buyer shall retain no right, title
                                            or interest in and to Business and shall have no obligation to issue the Preferred Stock
                                            to the Seller.

 

		2.	Each
                                            party on behalf of itself and its respective directors, officers, employees, agents, attorneys,
                                            parent companies, subsidiaries, affiliated companies, predecessors, successors and assigns
                                            (collectively, “Affiliates”), hereby releases, acquits and forever discharges
                                            the other party and its Affiliates from any and all actions, causes of action, suits, claims,
                                            proceedings, demands, losses, debts, liabilities, obligations, promises, acts, omissions,
                                            agreements, costs, charges, expenses, damages and injuries, of whatever kind or nature and
                                            however arising, whether known or unknown, suspected or unsuspected, fixed or contingent
                                            (collectively, “Claims”), which one party now has or at any time hereafter
                                            can, shall or may have against the other party and its Affiliates, by reason of or arising
                                            out of any cause, act, deed, contract, matter, thing or omission related to the Sapir Agreements.

 

		3.	Each
                                            party acknowledges that the foregoing mutual release does not constitute any admission of
                                            liability whatsoever on the part of either party.

 

		4.	For
                                            the consideration expressed herein, each party agrees not to solicit, encourage, fund or
                                            assist any third party to initiate or continue any Claim against the other party and its
                                            Affiliates related to the matters described herein. In addition, each party agrees not to
                                            initiate or continue any Claim against any other person who might claim contribution or indemnity
                                            from the other party, either in the State of Nevada or elsewhere.

 

		5.	Each
                                            party shall defend, indemnify and hold the other harmless from and against any and all Claims
                                            (including penalties and attorneys’ fees) which are incurred or suffered by or imposed
                                            upon the other party arising out of or relating to (a) any failure or breach by the party
                                            to perform any of its covenants, agreements or obligations under this Agreement, or (b) any
                                            inaccuracy or incompleteness of any representation or warranty of the party contained in
                                            this Agreement or in any document delivered in connection herewith.

 

		6.	Each
                                            party represents and warrants to the other party that: (a) it has the full right, power
                                            and authority to enter into this Agreement and to perform its obligations hereunder; (b) the
                                            execution of this Agreement and the performance of its obligations hereunder do not and will
                                            not violate any agreement to which it is a party or by which it is bound; and (c) when
                                            executed and delivered, this Agreement will constitute a legal, valid and binding obligation
                                            of such party, enforceable against such party in accordance with its terms.

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		7.	Each
                                            party further represents and warrants that: (a) there has been no assignment or transfer
                                            of or giving of a security interest in or encumbrance upon any interest in any Claim which
                                            such party or its Affiliates may have against the other party; (b) such party has (i) carefully
                                            read and understands the contents of this Agreement; (ii) received independent legal advice
                                            from counsel of such party’s choosing in connection with the subject matter hereof,
                                            and such advice is reflected in the provisions of this Agreement; and (iii) not been influenced
                                            to any extent whatsoever in doing so by the other party or any other person, except for those
                                            representations, statements and promises expressly set forth herein.

 

		8.	Each
                                            party agrees that all fees, costs and expenses (including, without limitation, the fees and
                                            disbursements of legal counsel) that have been incurred or that are incurred in the future
                                            by any party in connection with the Sapir Agreements or the transactions contemplated by
                                            this Agreement, shall be paid and borne by the party incurring such fees, costs and expenses.

 

		9.	Each
                                            party agrees to perform and instruct its agents to perform such further acts, to execute
                                            such further documents and to do such further and other things as may appropriate, necessary
                                            or desirable to carry out the full intent and meaning of this Agreement.

 

		10.	This
                                            Agreement contains the entire agreement between the parties with respect to the subject matter
                                            hereof, and the contents of this Agreement constitute a binding contract and nothing herein
                                            contained is a mere recital.

 

		11.	This
                                            Agreement shall inure to the benefit of and be binding upon the parties and their respective
                                            Affiliates.

 

		12.	In
                                            the event that any provision of this Agreement is held to be void, voidable or unenforceable,
                                            the remaining provisions hereof shall remain in full force and effect.

 

		13.	Each
                                            person executing this Agreement on behalf of a party represents and warrants that such person
                                            is authorized to execute this Agreement on behalf of that party and that the execution of
                                            this Agreement is the lawful act of each of that party and therefore binds that party.

 

		14.	This
                                            Agreement may only be amended, assigned or transferred with the express written consent of
                                            each of the parties.

 

		15.	This
                                            Agreement may be executed and delivered electronically and in any number of counterparts,
                                            each of which constitute an original and all of which together shall constitute one and the
                                            same agreement.

 

		16.	This
                                            Agreement shall be governed by and construed in accordance with the laws of the State of
                                            Nevada and the federal laws of the United States of America applicable therein.

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IN
WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.

 

	LODE-STAR MINING INC.	 	SAPIR PHARMACEUTICALS, INC.
	 	 	 	 	 
	By:	/s/ Mark Walmesley	 	By:	/s/ Samuel
  Sternheim
	 	Name:Mark Walmesley	 	 	Name:Samuel Sternheim
	 	Title:CEO/President	 	 	Title:Director

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