Document:

COL_Exhibit_10.p.1_9.30.2013

Exhibit 10-p-1
TRANSITION AND CONSULTING AGREEMENT
This Transition and Consulting Agreement (this “Agreement”) is dated July 31, 2013, by and between Rockwell Collins, Inc., a Delaware corporation (the “Company”), and Clayton M. Jones (“Mr. Jones”).
WHEREAS, Mr. Jones has advised the Company of his desire to retire as the Company’s Chief Executive Officer, effective as of July 31, 2013 (the “Effective Date”); 
WHEREAS, Mr. Jones is currently the Chairman of the Board of Directors of the Company (the “Board”), and from and after the Effective Date, the Board desires to retain the services of Mr. Jones as Non-Executive Chairman of the Board for a period of up to twelve months on the terms and conditions set forth herein; and
WHEREAS, from and after the Chairman Retirement Date (as defined below), the Board desires to retain the services of Mr. Jones as a special consultant to the Company for a period of two years on the terms and conditions set forth herein;
NOW THEREFORE, in consideration of the mutual promises herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows:
ARTICLE I

RETIREMENT AS CHIEF EXECUTIVE OFFICER

Section 1.01  Retirement as Chief Executive Officer.  Effective as of the Effective Date, Mr. Jones shall retire as the Company’s Chief Executive Officer and from all positions that Mr. Jones holds as an officer of the Company and from all officer, director and other positions that Mr. Jones holds with any of the Company’s affiliates.  Mr. Jones shall remain an employee of the Company and will use the balance of remaining vacation hours earned for the period from the Effective Date through September 20, 2013 (the “Employment Retirement Date”).  On the Employment Retirement Date, Mr. Jones shall retire as an employee of the Company.  Mr. Jones agrees to execute such documents and take such actions as may be necessary or desirable to further effectuate the foregoing.  

ARTICLE II

NON-EXECUTIVE CHAIRMAN

Section 2.01  Term.  From and after the Effective Date, Mr. Jones shall serve as Non-Executive Chairman of the Board.  The term of Mr. Jones’ service as Non-Executive Chairman of the Board (the “Chairman Term”) shall commence on the Effective Date and shall end on July 31, 2014 (the “Chairman Retirement Date”).  Mr. Jones’ retirement as Non-Executive Chairman of the Board shall become effective on the Chairman Retirement Date.  Mr. Jones agrees to execute such documents and take such actions as may be necessary or desirable to further effectuate the foregoing.

Section 2.02  Scope of Services and Duties.  During the Chairman Term, Mr. Jones agrees to be reasonably available, either in person, by telephone or via electronic mail, to consult, advise and assist in connection with such matters as the Board may reasonably request and as are within his area of expertise and prior experience, including but not limited to: (a) presiding at all meetings of the Board and at the Company’s annual meeting of shareowners; (b) collaboratively with the Company’s Chief Executive Officer and Lead Independent Director, setting the agenda for meetings of the Board; (c) actively leading the Board in providing input and guidance to the setting of Company strategy and direction; (d) playing a role in representing the Company to external stakeholders of the Company; (e) representing the Company in selected interactions with employee groups and industry associations and forums events and at community affairs at the Board’s and/or the Chief Executive Officer’s request; (f) providing advice and counsel to the Chief Executive Officer; (g) providing feedback to the Board on the progress of the development of the Chief Executive Officer; and (h) performing such other duties as may be fixed by the Board from time to time.  Mr. Jones agrees to devote such time as is reasonably necessary to effectively assist the Company with regard to these matters, but no more than twenty percent (20%) of such time as Mr. Jones previously devoted to his responsibilities as Chief Executive Officer of the Company.

Section 2.03  Independent Contractor Status.  It is the intention of the parties to establish, from and after the Employment Retirement Date through the end of the Chairman Term, an independent contractor relationship and not an employer-employee relationship, partnership, or joint venture.  During such period, Mr. Jones shall not be deemed employed by the Company for purposes of any federal or state withholding taxes, and the Company shall not be responsible for or required to withhold any such taxes for or on behalf of Mr. Jones.  Unless otherwise specifically agreed upon in writing, Mr. Jones shall not have any authority during the Chairman Term to act as the Company’s agent for any purposes, and shall not have the authority to bind the Company or to otherwise incur any liability or obligation in the name or on behalf of the Company.

Section 2.04  Date of Separation from Service. The parties agree that the services to be provided during the Chairman Term pursuant to this Agreement are distinct from the services Mr. Jones provided as an employee of the Company prior to the Effective Date.  Nevertheless, the parties agree that the level of services expected to be provided by Mr. Jones from and after the Employment Retirement Date through the end of the Chairman Term shall not exceed the level of services permitted under Treasury Regulations § 1.409A-1(h)(1)(i) under which Mr. Jones is presumed to have had a “Separation  from Service” and shall not affect the date of Mr. Jones’ “Separation from Service” from the Company, as such term is defined in Section 409A of the Internal Revenue Code of 1986, as amended and any regulations and other guidance promulgated thereunder (“Section 409A”).  The Employment Retirement Date shall be Mr. Jones’ date of Separation from Service from the Company.

ARTICLE III

CONSULTING SERVICES

Section 3.01  Term.  For the two-year period commencing on the Chairman Retirement Date (the “Consulting Term”), Mr. Jones shall serve in the role of a special consultant to the Company.

Section 3.02  Scope of Services and Duties.  During the Consulting Term, Mr. Jones agrees to spend sufficient time on Company matters so as to facilitate an orderly transition of responsibilities to the new Chairman of the Board and to be available to attend to Company matters as requested by the Board or 

the Company’s Chief Executive Officer.  Such services shall be performed on mutually agreed upon dates and such consulting services shall not unreasonably interfere with Mr. Jones’ other activities.  

Section 3.03  Independent Contractor Status.  It is the intention of the parties to establish, during the Consulting Term, an independent contractor relationship and not an employer-employee relationship, partnership, or joint venture.  During such period, Mr. Jones shall not be deemed employed by the Company for purposes of any federal or state withholding taxes, and the Company shall not be responsible for or required to withhold any such taxes for or on behalf of Mr. Jones.  Unless otherwise specifically agreed upon in writing, Mr. Jones shall not have any authority during the Consulting Term to act as the Company’s agent for any purposes, and shall not have the authority to bind the Company or to otherwise incur any liability or obligation in the name or on behalf of the Company.

ARTICLE IV

COMPENSATION AND BENEFITS

Section 4.01  Compensation and Benefits During the Chairman Term.

(a)As a non-employee member of the Board, from and after the Employment Retirement Date, Mr. Jones shall be entitled to receive the compensation payable to the Company’s non-employee directors, which compensation shall consist of (i) an annual cash retainer fee, subject to a deferral election pursuant to the Company’s Amended and Restated 2006 Long-Term Incentive Plan (the “LTIP”), of $100,000 (or such other amount as is paid to non-employee members of the Board), payable in advance in quarterly installments in October, January, April and July (with the October 2013 payment including payment for the period from the Employment Retirement Date to the date of such payment), and (ii) following the annual meeting of shareowners to be held in 2014, a grant of restricted stock units pursuant to the LTIP with a $110,000 value (or such other amount as is awarded to non-employee members of the Board) as of the date of such meeting.  In addition, from and after the Employment Retirement Date through the end of the Chairman Term, Mr. Jones shall receive an additional Non-Executive Chairman retainer, consisting of (i) a cash retainer fee, subject to a deferral election pursuant to the LTIP, of $250,000, payable in equal quarterly installments in October, January, April and July, and (ii) following the annual meeting of shareowners to be held in 2014, a grant of restricted stock units with a $250,000 value as of the date of such meeting.

(b)During the Chairman Term, Mr. Jones shall be entitled to receive prompt reimbursement for all reasonable and necessary expenses incurred by Mr. Jones in performing Non-Executive Chairman services, which shall be reimbursed in accordance with the Company’s policies and procedures for director business expenses.
(c)During the Chairman Term, the Company shall provide Mr. Jones with office space at its Cedar Rapids headquarters, administrative support reasonably required to fulfill his Non-Executive Chairman duties hereunder, a cell phone and a computer, with any charges incurred by Mr. Jones related to such items to be paid or reimbursed by the Company.

(d)In the event that during the Chairman Term, Mr. Jones is required to travel on Company business, he shall be entitled to use the Company’s aircraft.

Section 4.02  Compensation and Benefits During the Consulting Term.

(a)    During the Consulting Term, Mr. Jones shall be entitled to receive an annual consulting fee in the amount of (i) $300,000 for the first year of the Consulting Term, and (ii) $150,000 for the second year of the Consulting Term, in each case payable in equal quarterly installments in October, January, April and July.

(b)     During the Consulting Term, Mr. Jones shall be entitled to receive prompt reimbursement for all reasonable and necessary expenses incurred by Mr. Jones in performing consulting services, which shall be reimbursed in accordance with the Company’s policies and procedures for third party business expenses.

(c)    During the Consulting Term, the Company shall provide Mr. Jones with administrative support reasonably required to fulfill his special consultant duties hereunder.

Section 4.03  Indemnification.  To the maximum extent provided by law, the Company shall indemnify and hold Mr. Jones harmless from all claims, actions, damages or losses relating in any way to Mr. Jones’ provision of services hereunder as Non-Executive Chairman and as a special consultant.  The benefits provided in this Section 4.03 are in addition to any rights to indemnification and defense, including any right to advancement of legal fees and expenses, as are provided to Mr. Jones pursuant to the Company’s Restated Certificate of Incorporation and By-Laws, and under Delaware General Corporation Law.
ARTICLE V

COVENANTS

Section 5.01  Compliance with Company Policies.  Mr. Jones agrees that, during the Chairman Term and the Consulting Term, he will continue to comply with all Company policies to the extent relevant to his activities, including but not limited to: 

(a)    the Company’s Standards of Business Conduct; and 

(b)    the Company’s policies in respect of trading in the Company’s securities, which, among other things, prohibits trading in the Company’s securities while in possession of material non-public information and requires pre-clearance by the Company’s General Counsel before any director or officer of the Company may conduct any transactions in the Company’s securities.  However, following his term as a director of the Company, Mr. Jones will not be required to comply with the General Counsel pre-clearance process applicable to directors and officers of the Company.  

Section 5.02  Non-Competition.  Mr. Jones agrees that, during the Chairman Term and the Consulting Term (the “Restricted Period”), Mr. Jones will not, either directly or indirectly through another person or entity, for himself or any other person or entity, carry on, own, be engaged in, assist, be employed by, consult for, serve as a director for, or have any financial interest in, any business or enterprise anywhere in the world that is engaged in a Competing Business to any material extent.  “Competing Business” means any business (i) that is engaged in by the Company to a material extent at any time during the two (2) year period immediately preceding the Employment Retirement Date or during the Restricted Period or (ii) on which the Company spends substantial time or money during any such period in anticipation of engaging in such business.  Notwithstanding the foregoing, an equity investment of not more than one percent (1%) in any company that is publicly traded and whose shares are listed on a national stock exchange will not be prohibited by this Section 5.02.  Mr. Jones acknowledges and understands that, due to the nature of the Company's business and its customers and the 

technological advancements in electronic communications around the world, any geographic restriction of Mr. Jones' obligation under this Section 5.02 would be inappropriate and counter to the protections sought by the Company hereunder.

Section 5.03  Non-Solicitation.  Mr. Jones agrees that, during the Restricted Period, Mr. Jones will not, except with the prior written consent of an officer of the Company, either directly or indirectly through another person or entity, for himself or any other person or entity, employ, solicit for employment or consulting services, or otherwise hire or engage, any employee of the Company who is employed by the Company during the Restricted Period or during the six (6) month period prior to the Employment Retirement Date.

Section 5.04  Equitable Relief.  Mr. Jones acknowledges and agrees that the remedy at law for his breach of any of the provisions of this Article V will be inadequate, and that the damages flowing from such breach will not be readily susceptible to being measured in monetary terms.  Accordingly, upon a violation or threatened violation of any section of this Article V, the Company shall be entitled to immediate injunctive relief (or other equitable relief) without having to demonstrate special or unique damages, and may obtain a temporary order from any court having proper jurisdiction restraining any future or further violation.  No bond or other security shall be required in obtaining such equitable relief, and Mr. Jones hereby consents to the issuance of such equitable relief.  Mr. Jones shall reimburse the Company for all costs and expenditures, including but not limited to attorneys' fees, incurred by the Company in connection with the enforcement of such sections if a court finds in a final, non-appealable order or judgment that Mr. Jones breached any part of such sections.  Nothing in this Section 5.04 shall be deemed to limit the Company's remedies at law or in equity for any breach by Mr. Jones of any section of this Article V.
Section 5.05  Judicial Modification.  Mr. Jones acknowledges that it is the intent of the parties hereto that the restrictions contained or referenced in Article V be enforced to the fullest extent permissible under the laws of each jurisdiction in which enforcement is sought.  If any restriction contained or referenced in such sections is for any reason held by a court to be excessively broad as to duration, activity, geographical scope, or subject, then such restriction will be construed, judicially modified, or "blue penciled" in such jurisdiction so as to thereafter be limited or reduced to the extent required to be enforceable in such jurisdiction in accordance with applicable law.  

ARTICLE VI

MISCELLANEOUS

Section 6.01  Termination of Change of Control Agreement.  On the Employee Retirement Date, the Change of Control Agreement between Mr. Jones and the Company dated as of June 30, 2009, shall terminate, and all rights of Mr. Jones thereunder shall be extinguished.

Section 6.02  Binding Effect; Successors.
(a)     This Agreement shall be binding upon and inure to the benefit of the Company and any of its successors or assigns, but the Company may assign this Agreement only: (i) to one of its affiliates, provided the Company guarantees such affiliate’s performance of its obligations under this Agreement; or (ii) pursuant to a merger or consolidation in which the Company is not the continuing entity, or the sale or liquidation of all or substantially all of the assets of the Company, provided that the assignee or transferee is the successor to all or substantially all of the assets of the Company; and such assignee or transferee assumes the liabilities, obligations and duties of the Company, as contained in this Agreement, either contractually or as a matter of law.

(b)    This Agreement is personal to Mr. Jones and shall not be assignable by Mr. Jones without the consent of the Company (there being no obligation to give such consent) other than such rights or benefits as are transferred by will, the laws of descent and distribution, or succession.

Section 6.03  Notices. All notices hereunder must be in writing and shall be deemed to have given upon receipt of delivery by: (a) hand (against a receipt therefor); (b) certified or registered mail, postage prepaid, return receipt requested; (c) a nationally-recognized overnight courier service (against a receipt therefor); or (d) e-mail or facsimile transmission with confirmation of receipt.  All such notices must be addressed as follows:

If to the Company, to:
Rockwell Collins, Inc.
400 Collins Road NE
Cedar Rapids, IA 52498
Attention: Gary R. Chadick, Esq.
                  Senior Vice President, General Counsel and Secretary
Fax: (319) 295-3599
E-mail: grchadic@rockwellcollins.com

If to Mr. Jones, to: 
Clayton M. Jones
224 Abbotsford Road
Cedar Rapids, IA 52403
Fax: (319) 295-1297
Email: cmjones@rockwellcollins.com

or such other address as to which any party hereto may have notified the other in writing.

Section 6.04  Governing Law.  THIS AGREEMENT SHALL BE GOVERNED IN ALL RESPECTS, INCLUDING VALIDITY, INTERPRETATION AND EFFECT, BY THE LAWS OF THE STATE OF DELAWARE APPLICABLE TO CONTRACTS EXECUTED AND TO BE PERFORMED WHOLLY WITHIN SUCH STATE WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PRINCIPLES OF SUCH STATE.   

Section 6.05  Amendment, Waiver.  No provision of this Agreement may be modified, amended, or waived except by an instrument in writing signed by both parties.

Section 6.06  Waiver of Breach.  The waiver or ratification by either party of a breach of this Agreement shall not be construed as a waiver or ratification of any subsequent breach by either party to this Agreement.

Section 6.07  Remedies Not Exclusive.  No remedy specified herein shall be deemed to be such party’s exclusive remedy, and accordingly, in addition to all of the rights and remedies provided for in this Agreement, the parties shall have all other rights and remedies provided to them by applicable law, rule or regulation.

Section 6.08  Company’s Reservation of Rights.  Mr. Jones acknowledges and understands that he serves at the pleasure of the Board and the Company’s shareowners, and that the Company’s shareowners have the right to terminate Mr. Jones’ status as a director of the Company pursuant to the Company’s Restated Certificate of Incorporation, and the Board, in its sole discretion, may change or diminish his status, including during the Chairman Term or the Consulting Term, subject to the rights of Mr. Jones to claim the benefits conferred by this Agreement.

Section 6.09  Fiduciary Duties.  This Agreement shall not limit in any way Mr. Jones’ fiduciary duties owed to the Company and its shareowners while he remains a director of the Company.

Section 6.10  Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument.

Section 6.11  Entire Agreement.  Except as otherwise noted herein, this Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements, if any, between the parties relating to the subject matter hereof.

Section 6.12  Severability.  It is the desire and intent of the parties that the provisions of this Agreement be enforced to the fullest extent permitted under applicable law, whether now or hereafter in effect and, therefore, to the extent permitted by applicable law, the parties hereto waive any provision of applicable law that would render any provision of this Agreement invalid or unenforceable.  The covenants in this Agreement are severable and separate, including within provisions, subparts, or portions thereof, and the unenforceability of any specific covenant, provision, or subpart in this Agreement is not intended by either party to, and shall not, affect the provisions of any other covenant in this Agreement.  If any court determines that the terms and conditions of this Agreement are unreasonable as applied to Mr. Jones, the parties hereto acknowledge their mutual intention and agreement that the offending provision, subparts, or portions therefore be reformed to comply with any applicable law, and the remaining provisions and restrictions be enforced to the fullest extent permitted by law.

Section 6.13  Section 409A.  This Agreement is intended to comply with the provisions of Section 409A and, wherever possible, shall be construed and interpreted to ensure that any payments that may be paid, distributed provided, reimbursed, deferred or settled under this Agreement will not be subject to any additional taxation or premium interest under Section 409A.  In the event the parties determine that this Agreement or any payment hereunder does not comply with the applicable provisions of Section 409A, the Company and Mr. Jones agree to cooperate to the fullest extent in pursuit of any available corrective relief, as provided under the terms of Internal Revenue Service Notice 2008-113 or any corresponding subsequent guidance, from the Section 409A additional income tax and premium interest.  Notwithstanding the foregoing, Mr. Jones acknowledges and agrees that any and all tax liabilities of Mr. Jones arising from the transactions contemplated by this Agreement are his sole responsibility, including, without limitation, any additional taxes and interest due pursuant to Section 409A.  No acceleration of payments and benefits provided herein shall be allowed, unless permitted by Section 409A.
[Signatures appear on the following page.]

IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement, or caused the same to be executed by its duly authorized representative as of the date first above written. 

ROCKWELL COLLINS, INC.

By:      /s/ Martha L. May            
        Name:  Martha L. May
        Title:     Senior Vice President,
 Human Resources

        /s/ Clayton M. Jones            
       Clayton M. JonesExhibit 10.4

 

AMENDMENT NO. 2

TO

SENIOR SECURED REVOLVING CREDIT FACILITY AGREEMENT

IN THE AMOUNT OF US$8,000,000

BY AND AMONG

RICEBRAN TECHNOLOGIES,

as Borrower,

NUTRACEA, LLC,

SRB-IP, LLC,

 SRB-MERM, LLC,

 SRB-LC, LLC,

 SRB-MT, LLC,

 SRB-WS, LLC,

 RICEX COMPANY,

 RICEX NUTRIENTS, INC.,

 RICE SCIENCE, LLC,

 RICE RX, LLC,

as Joint and Several Guarantors,

AND

TCA GLOBAL CREDIT MASTER FUND, LP,

as Lender

 

 

October 11, 2013 

AMENDMENT NO. 2 TO

SENIOR SECURED REVOLVING CREDIT FACILITY AGREEMENT

THIS AMENDMENT NO. 2 TO SENIOR SECURED REVOLVING CREDIT FACILITY AGREEMENT (this “Amendment”) is made as of October 11, 2013 (the “Effective Date”), by and among (i) RICEBRAN TECHNOLOGIES, a corporation incorporated under the laws of the State of California, as borrower (the “Borrower”), (ii) NUTRACEA, LLC, a limited liability company organized and existing under the laws of the State of Delaware, SRB-IP, LLC, limited liability company organized and existing under the laws of the State of Delaware, SRB-MERM, LLC, a limited liability company organized and existing under the laws of the State of Delaware, SRB-LC, LLC, a limited liability company organized and existing under the laws of the State of Delaware, SRB-MT, LLC, a limited liability company organized and existing under the laws of the State of Delaware, SRB-WS, LLC, a limited liability company organized and existing under the laws of the State of Delaware, RICEX COMPANY, a corporation incorporated under the laws of the State of Delaware, RICEX NUTRIENTS, INC., a corporation incorporated under the laws of the State of Montana, RICE SCIENCE, LLC, a limited liability company organized and existing under the laws of the State of Delaware, and RICE RX, LLC, a limited liability company organized and existing under the laws of the State of Delaware, as joint and several guarantors (together, jointly and severally, the “Guarantors” and together with the Borrower, the “Credit Parties”), and (iii) TCA GLOBAL CREDIT MASTER FUND, LP, a limited partnership organized and existing under the laws of the Cayman Islands, as lender (the “Lender”).

 

W I T N E S S E T H

 

WHEREAS, the Credit Parties and the Lender have entered into that certain senior secured revolving credit facility agreement, dated as of April 30, 2013 (the “Credit Agreement”), pursuant to which the Lender agreed to make available to the Borrower a secured revolving loan in the amount of up to Eight Million United States Dollars (US$8,000,000), subject to the terms and conditions therein contained, and of this amount, the Lender made an initial principal advance of One Million Four Hundred Thousand United States Dollars (US$1,400,000) to the Borrower;

 

WHEREAS, the Credit Parties have previously entered into that certain amendment no. 1 to the Credit Agreement, dated as of July 18, 2013 (“Amendment No. 1”), pursuant to which the Lender advanced an additional principal amount of Six Hundred Thousand United States Dollars (US$600,000) to the Borrower

 

WHEREAS, as of the Effective Date, a total aggregate principal amount of Two Million United States Dollars (US$2,000,000) of principal plus applicable interest are outstanding;

 

WHEREAS, in connection with this Amendment, the Borrower has requested and the Lender has agreed to advance an additional principal amount of Eight Hundred Thousand United States Dollars (US$800,000) to the Borrower for working capital financing for Borrower and for any other purposes permitted under the Amended Credit Agreement, as further amended hereby;

 

WHEREAS, in consideration of the advance to be made by the Lender to the Borrower in connection herewith, the Borrower has, inter alia, agreed (i) to increase the Reserve Amount from fifteen percent (15%) of the Revolving Loan Commitment to twenty percent (20%) of the Revolving Loan Commitment; (ii) beginning in January 2014, repay the outstanding principal amounts pursuant to a repayment schedule set forth herein, and (iii) beginning in January 2014, pay the Facility Fee Shares pursuant to a payment schedule set forth herein, each effective as of the Effective Date;

2

WHEREAS, the parties to this Amendment desire to further amend the Credit Agreement, as previously amended by Amendment No. 1 (as previously amended thereby, the “Amended Credit Agreement”), as set forth herein.

 

NOW, THEREFORE, in consideration of the premises set forth above, the covenants and agreements hereinafter set forth, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

1.            Defined Terms.  Unless otherwise defined herein, the capitalized terms used herein shall have the meanings assigned to such terms in the Amended Credit Agreement.

 

2.            Amendment of the Amended Credit Agreement.  Subject to the terms and conditions of this Amendment, the Amended Credit Agreement is hereby further amended and supplemented as follows:

 

(a)          all references to the “Senior Secured Revolving Credit Facility Agreement” or the “Agreement” contained in the Amended Credit Agreement shall be deemed to refer to the Amended Credit Agreement as further amended hereby;

 

(b)          The definition of “Mandatory Principal Repayment Amount” shall be inserted as follows in Section 1.1, in the appropriate alphabetical order, and each subsequent definition contained in Section 1.1 shall be renumbered accordingly:

 

“Mandatory Principal Repayment Amount” shall have the meaning given to it in Section 2.1(d)(i).

 

(c)          The definition of “Reserve Amount” in Section 1.1 shall be revised as follows:

 

“Reserve Amount” shall mean an amount, expressed in Dollars, equal to Three Hundred Thousand and No/100 United States Dollars (US$300,000), which amount shall be increased each month following October 2013 by an amount equal to twenty percent (20%) of all Receipts received into the Lock Box Account in that month until such time as the Reserve Amount equals twenty percent (20%) of the then applicable Revolving Loan Commitment.

 

(d)          The definition of “Share Value” in Section 1.1 shall be revised as follows:

 

“Share Value” shall mean a dollar amount of Five Hundred Twenty-Three Thousand and No/100 United States Dollars (US$523,000.00).

 

(e)          Section 2.1(c) shall be revised to replace the first two (2) sentences with the following:

3

Except as otherwise provided in this Section, the outstanding principal balance of the Revolving Loans and interest shall be repaid on or before the Revolving Loan Maturity Date.  Unless otherwise expressly agreed by Lender, principal amounts repaid on the Revolving Note may not be re-borrowed.

 

(f)           Section 2.1(d)(i) shall be deleted in its entirety and shall be replaced with the following:

 

Mandatory Principal Repayments; Overadvances.  Beginning January 15, 2014 and continuing on the fifteenth (15th) day of each subsequent month (or the immediately subsequent business day if such day is not a business day), the Borrower shall make principal payments to the Lender in the following amounts:

 

	
January 2014

	 	
$

	
175,000

	 
	
February 2014

	 	
$

	
175,000

	 
	
March 2014

	 	
$

	
200,000

	 
	
April 2014

	 	
$

	
225,000

	 
	
May 2014

	 	
$

	
250,000

	 
	
June 2014

	 	
$

	
275,000

	 
	
July 2014

	 	
$

	
300,000

	 
	
August 2014

	 	
$

	
300,000

	 
	
September 2014

	 	
$

	
300,000

	 
	
October 2014

	 	
$

	
300,000

	 
	
November 2014

	 	
$

	
300,000

	 

 

(such amount each month, the “Mandatory Principal Repayment Amount”)

 

In addition to Borrower’s obligation to make principal payments hereunder, Lender is permitted to use amounts in the Lock Box Account toward the payment of the outstanding principal balance of all Revolving Loans, provided, however, that the use of funds in the Lock Box Account toward principal repayments shall not be in excess of the amounts provided in the payment schedule above in any given month.  All Revolving Loans hereunder shall be repaid by Borrower as provided in this Section, on or before the Revolving Loan Maturity Date, unless payable sooner pursuant to the provisions of this Agreement.  In the event the aggregate outstanding principal balance of all Revolving Loans hereunder exceed the Revolving Loan Availability, Borrower shall, upon notice or demand from Lender, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess

4

(g)         Section 2.1(e)(i) shall be revised to replace the ninth (9th) sentence therein with the following text:

 

The Credit Parties and Lender agree that all payments made to such Lock Box Account, whether in respect of Receipts, as proceeds of other collateral, or otherwise, will be swept from the Lock Box Account to Lender on each Payment Date to be applied according to the following priorities: (1) to unpaid fees and expenses due hereunder including, without limitation, any recurring fees due pursuant to Section 2.2 hereof; (2) to any custodian/back-up servicer (if applicable); (3) to accrued but unpaid interest owed under Sections 2.1(c) and 2.4 hereof; (4) to any accrued but unpaid Receipts Collection Fee; (5) if at any time the Lender is not holding, in the Lock Box Account, an amount equal to at least the Reserve Amount, then twenty percent (20%) of all Receipts received into the Lock Box Account shall be withheld and applied by Lender to amounts required to establish the Reserve Amount, until a Reserve Amount equal to twenty percent (20%) of the then applicable Revolving Loan Commitment is reached, which Reserve Amount (or portion thereof) may be kept and maintained in the Lock Box Account during the duration of this Agreement as additional security for the Obligations; (6) to amounts payable pursuant to Section 2.1(d), including, but not limited to, the Mandatory Principal Repayment Amount; (7) to amounts payable pursuant to 2.2(g) and (8) during the continuance of an Event of Default, to Lender (including any Reserve Amount then in the Lock Box Account), to reduce the outstanding Revolving Loan balance to zero (each of the foregoing payments, the “Lock Box Payments”).

 

(h)         Section 2.2(g)(i) shall be revised to replace the first (1st) sentence therein with the following text:

 

The Borrower shall pay to Lender a fee for investment banking and advisory services provided by the Lender to the Borrower by issuing to Lender in an unregistered offering that number of shares of the Borrower’s Common Stock equal to the Share Value.

 

(i)            Section 2.2(g)(ii) shall be revised to delete the first (1st) sentence therein in its entirety and replace the third (3rd) sentence therein in its entirety with the following:

 

At any time the Lender may elect, the Lender may deliver to the Borrower a reconciliation statement showing the net proceeds actually received by the Lender from the sale of the Facility Fee Shares, which net proceeds for purposes of this Agreement shall equal the total purchase price of those shares in the open market, less any broker’s fees paid to execute the orders for such sales (the “Sale Reconciliation”).

 

(j)            Section 2.2(g)(iii) shall be replaced in its entirety with the following:

 

Mandatory Redemption. Beginning January 15, 2014 and continuing on the fifteenth (15th) day of each subsequent month (or the immediately subsequent business day if such day is not a business day), the Borrower shall redeem the Facility Fee Shares for an amount equal to the aggregate Share Value, as follows:

5

	
January 2014

	 	
$

	
50,000

	 
	
February 2014

	 	
$

	
50,000

	 
	
March 2014

	 	
$

	
50,000

	 
	
April 2014

	 	
$

	
50,000

	 
	
May 2014

	 	
$

	
50,000

	 
	
June 2014

	 	
$

	
50,000

	 
	
July 2014

	 	
$

	
50,000

	 
	
August 2014

	 	
$

	
50,000

	 
	
September 2014

	 	
$

	
50,000

	 
	
October 2014

	 	
$

	
73,000

	 

The Lender may attempt to sell the Facility Fee Shares in accordance with Section 2.2(g)(ii) and applicable securities laws to satisfy the above amounts due, provided, however, that Lender shall not have an affirmative obligation to do so and any failure on the part of the Lender to sell or attempt to sell the Facility Fee Shares for any reason shall not adversely affect Lender’s rights under this Section or under any other Section of the Credit Agreement.  Any cash proceeds received by the Lender from any sales of Facility Fee Shares, if any, shall be deducted from the amounts provided in the payment schedule above in reverse chronological order.  Payment made pursuant to this Section shall be payable by wire transfer to an account designated by Lender.

 

(k)          Section 2.2(g)(vi) shall be added as follows:

 

Limitations. The Borrower shall not affect any issuance of shares of Common Stock in connection with any Loan Document or otherwise, and the Lender shall not have the right to receive shares of Common Stock to the extent that after giving effect to issuance, the Lender (together with its Affiliates and any Persons acting as a group together with the Lender or any of the its Affiliates) would beneficially own shares of Common Stock in excess of 9.99% of the number of issued and outstanding shares of Common Stock.  The restriction described in this Section may be waived, in whole or in part, upon sixty-one (61) days’ prior notice from the Lender to the Borrower to increase such percentage.

 

3.            Principal Advance.  On the Effective Date, the Lender shall advance to the Borrower a principal amount equal to Eight Hundred Thousand United States Dollars (US$800,000), provided that all conditions precedent contained herein have been satisfied, in the Lender’s sole and absolute discretion.

 

4.            Use of Proceeds.  Notwithstanding anything which may be contained in the Amended Credit Agreement to the contrary, the principal advance being made in connection with this Amendment shall be used by the Borrower pursuant to the Use of Proceeds Confirmation delivered by the Borrower to the Lender in connection herewith.

 

5.            Renewal of Revolving Loan.  Pursuant to Section 2.3 of the Amended Credit Agreement, by its execution hereof, the Borrower hereby provides written notice to Lender of Borrower’s election to renew the Revolving Loan Commitment and extend the Revolving Loan Maturity Date until November 17, 2014 (subject to the terms and conditions of the Amended Credit Agreement, as further amended hereby) and, by its execution hereof, the Lender hereby consents and agrees to such renewal and extension.

6

6.            Issuance of Amended and Restated Promissory Note.  Subject to the terms and conditions of this Amendment, the Borrower shall and does hereby agree to issue to the Lender (consented and agreed to by each of the Guarantors), simultaneously with the execution of this Amendment, an original promissory note in the principal amount of Two Million Eight Hundred Thousand United States Dollars (US$2,800,000), or such lesser principal amount as may be outstanding from time to time, dated as of the Effective Date, in the form attached hereto as Exhibit A (the “Amended and Restated Promissory Note”).

 

7.            Cancellation of Existing Promissory Note.  By the Credit Parties’ execution and delivery to the Lender of the Amended and Restated Promissory Note, that certain promissory note originally issued by the Borrower in favor of the Lender, dated July 18, 2013, in the original principal amount of Two Million Four Hundred Thousand United States Dollars (US$2,400,000) shall be hereby immediately and irrevocably cancelled without further action on the part of the Lender or the Credit Parties.  It is the intention of the parties that while the Amended and Restated Promissory Note amends, restates, replaces and supersedes the existing promissory note, in its entirety, the issuance of the Amended and Restated Promissory Note is not in payment or satisfaction of the existing promissory note, but rather is the substitute of one evidence of debt for another without any intent to extinguish the existing debt.

 

8.            Waiver of Event of Default.  The Borrower is currently in default with respect to Section 2.2(g)(vi) of the Credit Agreement due to Borrower’s failure to register the Facility Fee Shares currently in Lender’s possession in the registration statement filed on Form S-1 with the United States Securities and Exchange Commission on September 30, 2013.  Lender has agreed, in consideration of the Borrower entering into this Amendment and agreeing to pay the fees in connection herewith, to immediately and forever waive the existing default and Event of Default relating to Section 2.2(g)(vi).  By its execution hereof, such default and Event of Default is hereby immediately and forever waived.  Such waiver shall not effect Lender’s ability to declare a default or an Event of Default for any other reason, including, but not limited to, Borrower’s failure to comply with Section 2.2(g)(vi) following the date hereof.

 

9.            Representations and Warranties of the Credit Parties.  The Credit Parties each represent and warrant to the Lender that immediately after giving effect to this Amendment, the representations and warranties of each Credit Party set forth in the Amended Credit Agreement, as further amended hereby, are true and correct in all material respects and no Default or Event of Default shall have occurred and be continuing.

 

10.         Security Interest Confirmation.  The Credit Parties each hereby represent, warrant and covenant that (i) the Lender’s security interests in all of the “Collateral” (as such term is defined in each Security Agreement executed by each of the Credit Parties in connection with the Credit Agreement) are and remain valid, perfected, security interests in such Collateral, (ii) the additional principal amount advanced by the Lender in connection with this Amendment and the Amended and Restated Promissory Note and any and all additional obligations incurred by the Credit Parties in connection therewith constitute Obligations (as defined in the Credit Agreement) and such additional principal amount and additional obligations are each secured by Lender’s security interests in all of the Collateral, and (iii) the Credit Parties have not granted any other encumbrances or security interests of any nature or kind in favor of any other Person affecting any of such Collateral, other than Permitted Liens.

7

11.         No Defaults.  Each Credit Party hereby represents and warrants that as of the Effective Date there exists no Event of Default or any condition which, with the giving of notice or passage of time, or both, would constitute an Event of Default.

 

12.         Covenants.  Each Credit Party hereby reaffirms that each has duly performed and observed the covenants and undertakings set forth in the Credit Agreement and each Loan Document, and each covenants and undertakes to continue to duly perform and observe such covenants and undertakings, as amended hereby, so long as the Amended Credit Agreement, as further amended hereby, shall remain in effect.

 

13.         No Other Amendment.  All other terms and conditions of the Amended Credit Agreement shall remain in full force and effect and the Amended Credit Agreement shall be read and construed as if the terms of this Amendment were included therein by way of addition or substitution, as the case may be.

 

14.         Ratification. The Credit Parties hereby acknowledge, represent, warrant and confirm to the Lender that: (i) the Amended Credit Agreement, as further amended hereby, and each of the Loan Documents executed by the Credit Parties are valid and binding obligations of the Credit Parties, enforceable against the Credit Parties in accordance with their respective terms; (ii) all obligations of the Credit Parties under the Amended Credit Agreement, as further amended hereby, and each of the Loan Documents are, shall be and continue to be secured by and under the respective Security Agreements entered into by the Credit Parties in connection with the Credit Agreement and all other Loan Documents; (iii) there are no defenses, setoffs, counterclaims, cross-actions or equities in favor of the Credit Parties to or against the enforcement of the Amended Credit Agreement, as further amended hereby, or any of the Loan Documents, and to the extent the Credit Parties have any defenses, setoffs, counterclaims, cross-actions or equities against the Lender and/or against the enforceability of the Amended Credit Agreement, as further amended hereby, or any of the Loan Documents, the Credit Parties acknowledge and agree that same are hereby fully and unconditionally waived; and (iv) no oral representations, statements, or inducements have been made by the Lender or any agents or representatives of the Lender with respect to the Amended Credit Agreement, as further amended hereby, or any of the Loan Documents.

 

15.         Fees and Expenses.  The Borrower agrees to pay to the Lender, upon the execution hereof, (i) a commitment fee equal to Sixteen Thousand United States Dollars (US$16,000), (ii) a due diligence fee equal to Twelve Thousand Five Hundred United States Dollars (US$12,500); (iii) a legal fee equal to Twelve Thousand Five Hundred United States Dollars (US$12,500), (iii) an asset monitoring fee equal to Two Thousand United States Dollars (US$2,000), and (iv) all costs and expenses of the Lender and Lender's counsel in connection with the preparation and execution of this Amendment, including, but not limited to, documentary stamp tax fees, UCC-1 Financing Statement search fees, and Certificate of Good Standing fees.  The Lender and the Borrower agree that all fees payable by the Borrower to the Lender upon the execution hereof shall be listed on the closing statement executed in connection herewith and offset against the principal advance proceeds.

8

16.         Share Issuance.  The Borrower shall pay to Lender a fee for investment banking and advisory services provided by the Lender to the Borrower on or prior to the Effective Date by issuing to Lender in an unregistered offering that number of shares of the Borrower’s Common Stock equal to a dollar amount of Ninety-Three Thousand United States Dollars (US$93,000.00), which such amount (and any amounts paid to Lender pursuant to Section 16 of Amendment No. 1) is included within the definition of “Share Value”.  The parties agree that the number of shares initially issuable to Lender in connection herewith shall be One Million Three Hundred Twenty Eight Thousand Five Hundred Seventy One (1,328,571) shares of the Borrower’s Common Stock (the “Shares”), which Shares are “Borrower Securities” under the Credit Agreement.  The Borrower shall instruct its transfer agent to issue certificates representing the Shares on the Effective Date and shall cause its transfer agent (the “Transfer Agent”) to deliver such certificates to Lender within five (5) Business Days from the Effective Date.  In the event such certificates representing the Shares issuable hereunder shall not be delivered to the Lender within five (5) Business Days of the Effective Date, same shall be an immediate default under this Amendment, the Amended Credit Agreement, as amended hereby, and the other Loan Documents.  The Shares, when issued, shall be deemed to be validly issued, fully paid, and non-assessable.  The Shares shall be deemed fully earned as of the Effective Date, in consideration therefore, regardless of the amount or number of Revolving Loans made hereafter.  Lender hereby makes as of the date hereof all representations and warranties set forth in Section 13 of the Credit Agreement.

 

17.         Conditions Precedent.  The effectiveness of this Amendment shall be expressly subject to the following conditions precedent, each in a form satisfactory to the Lender in its sole discretion:

 

(a)         Amendment.  Each Credit Party shall have executed and delivered to the Lender this Amendment;

 

(b)        Amended and Restated Promissory Note.  Each Credit Party shall have executed and delivered to the Lender the Amended and Restated Promissory Note;

 

(c)          Use of Proceeds Confirmation.  The Borrower shall have delivered to the Lender a Use of Proceeds Confirmation;

 

(d)         Closing Statement.  The Borrower shall have executed and delivered to the Lender a Closing Statement;

 

(e)         Opinion of Counsel.  The Lender shall have received a customary opinion of the Credit Parties’ counsel;

 

(f)           Corporate Documents.  The Lender shall have received such evidence as it may require as to the authority of the officers or attorneys-in-fact executing this Amendment and such other corporate documents it may request, including, but not limited to, approval of the board of directors or managers of each of the Credit Parties, resolutions of the shareholders of the Subsidiaries of the Borrower, and an officer’s certificate of each Credit Party, each in form and substance satisfactory to the Lender in its sole discretion;

 

(g)         Search Results.  The Lender shall have received copies of UCC search reports dated such a date as is reasonably acceptable to Lender, listing all effective financing statements which name the Credit Parties and/or their subsidiaries, under their present name and any previous names, as debtors, together with copies of such financing statements;

9

(h)         Certificate of Good Standing.  The Lender shall have received a Certificate of Good Standing from the Secretary of State of the state of organization of each Credit Party, and each subsidiary thereof, evidencing the good standing thereof;

 

(i)            Fees Paid.  The Lender or its counsel shall have received payment in full of all fees and expenses due under this Amendment; and

 

(j)            Eligible Accounts.  The Borrower shall have delivered such evidence to the Lender as the Lender shall request evidencing the amount of Eligible Accounts and the Lender shall be satisfied, in its sole discretion, with such amount and that such amount permits an additional principal advance hereunder;

 

(k)          No Event of Default; Representations and Warranties.  The Lender shall be satisfied, and shall have received a certificate signed by a duly authorized officer of each Credit Party, dated such a date as is reasonably acceptable to Lender, that (i) no Event of Default or event which, with the passage of time, giving of notice or both would become an Event of Default have occurred and be continuing; and (ii) the representations and warranties of the Borrower contained in the Amended Credit Agreement, as further amended hereby, shall be true on and as of the Effective Date (except to the extent such representation or warranty expressly relates to an earlier date).

 

18.         Execution in Counterparts.  This Amendment may be executed in one or more counterparts, all of which taken together shall be deemed and considered one and the same Amendment, and same shall become effective when counterparts have been signed by each party and each party has delivered its signed counterpart to the other party. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format file or other similar format file, such signature shall be deemed an original for all purposes and shall create a valid and binding obligation of the party executing same with the same force and effect as if such facsimile or “.pdf” signature page was an original thereof.

 

19.         Authority and Approval of Agreement; Binding Effect.  The execution and delivery by the Credit Parties of this Amendment, and the documents executed and delivered in connection herewith, and the performance by Credit Parties of all of its obligations hereunder and thereunder, have been duly and validly authorized and approved by the Credit Parties and its boards of directors pursuant to all applicable laws, and other than the corporate action or resolutions delivered by the Credit Parties in connection with this Amendment, no other corporate action or consent on the part of the Credit Parties, its board of directors, stockholders or any other Person is necessary or required by the Credit Parties to execute this Amendment, and the documents executed and delivered in connection herewith and therewith, to consummate the transactions contemplated herein and therein, or perform all of the Credit Parties’ obligations hereunder and thereunder.  This Amendment, and each of the documents executed and delivered in connection herewith and therewith, have been duly and validly executed by the Credit Parties (and the officer executing this Amendment and all such other documents is duly authorized to act and execute same on behalf of the Credit Parties) and constitute the valid and legally binding agreements of the Credit Parties, enforceable against the Credit Parties in accordance with their respective terms.

10

20.         GOVERNING LAW.  EXCEPT IN THE CASE OF THE MANDATORY FORUM SELECTION CLAUSE SET FORTH HEREIN, THIS AMENDMENT, THE AMENDED CREDIT AGREEMENT, AS FURTHER AMENDED HEREBY, THE LOAN DOCUMENTS AND THE AMENDED AND RESTATED PROMISSORY NOTE SHALL BE SHALL BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEVADA WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS.

 

21.          MANDATORY FORUM SELECTION.  ANY DISPUTE ARISING UNDER, RELATING TO, OR IN CONNECTION WITH THE AMENDMENT OR RELATED TO ANY MATTER WHICH IS THE SUBJECT OF OR INCIDENTAL TO THE AMENDMENT (WHETHER OR NOT SUCH CLAIM IS BASED UPON BREACH OF CONTRACT OR TORT) SHALL BE SUBJECT TO THE EXCLUSIVE JURISDICTION AND VENUE OF THE STATE AND/OR FEDERAL COURTS LOCATED IN BROWARD COUNTY, FLORIDA.  THIS PROVISION IS INTENDED TO BE A “MANDATORY” FORUM SELECTION CLAUSE AND GOVERNED BY AND INTERPRETED CONSISTENT WITH FLORIDA LAW.

 

22.          Amendment Effective Date.  All references in any Loan Document to the Credit Agreement on and after the date hereof shall be deemed to refer to the Amended Credit Agreement as further amended hereby, and the parties hereto agree that on and after the Effective Date, the Amended Credit Agreement, as further amended hereby, is in full force and effect.

[signature pages follow]

11

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their duly authorized officers as of the Effective Date.

	
BORROWER:

	
 

	
 

	
 

	
 

	
RICEBRAN TECHNOLOGIES

	
 

	
 

	
 

	
 

	
By:

	
/s/ W. John Short

	
 

	
Name:   

	
W. John Short

	
 

	
Title:

	
Chief Executive Officer

	
 

	
 

	
 

	
 

	
LENDER:

	
 

	
 

	
 

	
 

	
TCA GLOBAL CREDIT MASTER FUND, LP

	
 

	
 

	
 

	
 

	
By:

	
TCA Global Credit Fund GP, Ltd.

	
 

	
Its:

	
General Partner

	
 

	
 

	
 

	
 

	
By:

	
/s/ Robert Press

	
 

	
Name:

	
Robert Press

	
 

	
Title:

	
Director

	
 

[ signature page 1 of 3 ]

CONSENT AND AGREEMENT

 

The undersigned, referred to in the foregoing amendment no. 2 to the senior secured revolving credit facility agreement (the “Amendment”) as a guarantor, hereby consents and agrees to said Amendment and to the payment of the amounts contemplated therein, documents contemplated thereby and to the provisions contained therein relating to conditions to be fulfilled and obligations to be performed by it pursuant to or in connection with said Amendment.

 

	
GUARANTORS:

	
 

	
 

	
 

	
 

	
NUTRACEA, LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ W. John Short

	
 

	
Name:   

	
W. John Short

	
 

	
Title:

	
President & CEO

	
 

	
 

	
 

	
 

	
SRB-IP. LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ W. John Short

	
 

	
Name:

	
W. John Short

	
 

	
Title:

	
President & CEO

	
 

	
 

	
 

	
 

	
SRB-MERM, LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ W. John Short

	
 

	
Name:

	
W. John Short

	
 

	
Title:

	
President & CEO

	
 

	
 

	
 

	
 

	
SRB-LC, LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ W. John Short

	
 

	
Name:

	
W. John Short

	
 

	
Title:

	
President & CEO

	
 

	
 

	
 

	
 

	
SRB-MT, LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ W. John Short

	
 

	
Name:

	
W. John Short

	
 

	
Title:

	
President & CEO

	
 

[ signature page 2 of 3 ]

	
SRB-WS, LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ W. John Short

	
 

	
Name:   

	
W. John Short

	
 

	
Title:

	
President & CEO

	
 

	
 

	
 

	
 

	
RICEX COMPANY

	
 

	
 

	
 

	
 

	
By:

	
/s/ W. John Short

	
 

	
Name:

	
W. John Short

	
 

	
Title:

	
President

	
 

	
 

	
 

	
 

	
RICE SCIENCE LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ W. John Short

	
 

	
Name:

	
W. John Short

	
 

	
Title:

	
President

	
 

	
 

	
 

	
 

	
RICE RX, LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ W. John Short

	
 

	
Name:

	
W. John Short

	
 

	
Title:

	
President

	
 

[ signature page 3 of 3 ]

EXHIBIT A

AMENDED AND RESTATED PROMISSORY NOTE

 

 

4

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