Document:

Fifth Amendment to Credit Agreement and Loan Documents

 Exhibit 4.4.10 
  
 FIFTH AMENDMENT TO CREDIT AGREEMENT AND LOAN DOCUMENTS 
  
 This Fifth Amendment to Credit Agreement and Loan Documents (this “Agreement”) is
entered into on August 30, 2005, effective as of August 2, 2005, by and between JERRY L. RUYAN of Cincinnati, Ohio, successor by assignment and assumption of COMERICA BANK, successor by merger to COMERICA BANK – CALIFORNIA, successor in
interest to IMPERIAL BANK, a California banking corporation, and SYNBIOTICS CORPORATION, a California corporation (“Borrower”). This Agreement is made with reference to the following facts: 
  
 RECITALS 
  
 A. Immediately prior to the execution of this Agreement, Comerica Bank assigned all its interest in the Credit Agreement, as
amended (as defined and described below) and Term Loan A and the other Loan Documents (as defined in such Credit Agreement, as amended) to Jerry L. Ruyan (referred to, together with his assignor and its predecessors where the context so requires, as
“ Bank”) pursuant to a Loan Purchase Agreement and Assignment and Assumption each dated August 30, 2005. This assignment excluded certain warrants held by Comerica, and Term Loan B that was previously assigned by Comerica Bank to Remington
Capital LLC, along with a partial interest in other Loan Documents. 
  
 B. THIS AGREEMENT ADDRESSES THE DEBTS AND/OR OBLIGATIONS OF BORROWER TO BANK WHICH ARE FULLY DESCRIBED HEREIN. THIS AGREEMENT DOES NOT PERTAIN TO ANY OTHER INDEBTEDNESS AND/OR OBLIGATIONS OF BORROWER OR ANY OTHER PARTIES TO BANK NOT
SPECIFICALLY ADDRESSED IN THIS AGREEMENT. ALL TERMS AND PROVISIONS OF ANY AGREEMENTS BETWEEN BORROWER AND BANK INCLUDING, BUT NOT LIMITED TO, THE LOAN DOCUMENTS NOT SPECIFICALLY MODIFIED HEREIN SHALL REMAIN IN FULL FORCE AND EFFECT IN ACCORDANCE
WITH THEIR ORIGINAL TERMS. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of (i) the above recitals and the mutual
promises contained in this Agreement; (ii) the execution of this Agreement and all documents, instruments and agreements required to be executed in accordance with this Agreement; (iii) other and further valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, it is hereby agreed as follows: 
  

	I.	Acknowledgment Of The Existing Indebtedness And The Loan Documents. 

  
 A. The Credit Agreement and Other Loan Documents. 
  

	 	1.	 On or about April 12, 2000, Borrower and Bank entered into that certain Credit Agreement (as amended, restated, modified, supplemented or revised from time to time,
the “Credit Agreement”), pursuant to which Borrower promised to pay Bank the principal amount of up to Ten Million Dollars ($10,000,000.00), together with interest on the funds disbursed thereunder at the rate provided for in the
promissory notes described below. The Credit Agreement was amended pursuant to a First Amendment to Credit Agreement dated as of April 18, 2000 

	 	 
(“First Amendment”), by a Second Amendment to Credit Agreement dated as of November 14, 2000 (“Second Amendment”), by a Third Amendment
to Credit Agreement and Loan Documents and Waiver of Defaults dated as of January 25, 2002 (“Third Amendment”), by a Letter Agreement dated September 4, 2003 and by a Forbearance Agreement dated March 29, 2004, and by a Fourth Amendment to
Credit Agreement and Loan Documents and Waiver of Defaults dated as of September 23, 2004 (“Fourth Amendment”). 

  

	 	2.	Pursuant to the Credit Agreement, Borrower executed and delivered to Bank a (a) Promissory Note in the principal amount of Six Million Dollars ($6,000,000.00) (as amended, restated,
modified, supplemented or revised from time to time, the “Term Note”) and a (b) Revolving Note in the principal amount of Four Million Dollars ($4,000,000.00) (as amended, restated, modified, supplemented or revised from time to time, the
“Revolving Note”). Pursuant to the Second Amendment, Borrower executed and delivered to Bank a new Term Note in the principal amount of Six Million Three Hundred Thousand Dollars (6,300,000.00). Pursuant to the Third Amendment Borrower
executed and delivered to Bank an Amended Promissory Note in the principal amount of Seven Million One Hundred and Thirty Two Thousand Dollars ($7,132,000.00) (The Term Note, Revolving Note and Amended Promissory Note, as amended, restated,
modified, supplemented or revised from time to time, are refereed to herein collectively as the “Notes”). 

  

	 	3.	Also pursuant to the Credit Agreement: (a) Borrower executed and delivered to Bank: (i) that certain Commercial Security Agreement dated s of April 12, 2000 (as amended, restated,
modified, supplemented or revised from time to time, the “Commercial Security Agreement”); (ii) that certain Commercial Pledge and Security Agreement dated as of April 12, 2000 (as amended, restated modified, supplemented or revised from
time to time “Commercial Pledge Agreement”); (iii) that certain Patent Security Agreement dated as of April 12, 2000 (as amended, restated, modified, supplemented or revised from time to time, the “Patent Security Agreement”);
and (iv) that certain Trademark Security Agreement dated as of April 12, 2000 (as amended, restated, modified, supplemented or revised from time to time, the “Trademark Security Agreement”); (b) W3Commerce LLC, a Delaware limited liability
company, executed and delivered to Bank a Commercial Security Agreement dated as of April 12, 2000 (as amended, restated, modified, supplemented or revised from time to time, the W3C “Commerce Security Agreement”);. The Credit Agreement,
Commercial Security Agreement and W3C Commerce Security Agreement each grant Bank a valid, perfected, first priority security interest in the property described therein as collateral (the “Collateral”) securing the Borrower’s
obligations to Bank under the Loan Documents. 

  

	 	4.	On or about April 12, 2000, Borrower executed and delivered to Bank two form UCC-1 financing statements. Bank filed the financing statements with the office of the Secretary of
State of California. Bank has filed the Patent Security Agreement and the Trademark Security Agreement with the United States Patent and Trademark Office. 

	 	5.	Borrower has delivered to Bank a Commercial Pledge Agreement amended to add 308,750 shares of Synbiotics Europe SAS pursuant to Fourth Amendment to Credit Agreement and Loan
Documents and Waiver of Defaults. 

  

	 	6.	Pursuant to a Loan Purchase Agreement between Comerica Bank and Remington Capital LLC (“Remington”) dated September 23, 2004, Remington acquired a partial interest in the
Loan Documents including the entire Term Loan B in the original amount of $3,873,416.78. 

  

	 	7.	The documents referenced above and all documents, security agreements and written amendments, notes and so forth related thereto are hereinafter collectively refereed to “Loan
Documents.” Upon execution and delivery of the $500,000 Promissory Note (as defined below) such $500,000 Promissory Note shall be deemed to be a Loan Document in lieu of Term Loan A, and Bank shall surrender Term Loan A to Borrower. All
capitalized terms not defined herein shall have the meaning described in the Loan Documents. 

  

	 	8.	The Borrower acknowledges that the Loan Documents constitute duly authorized, valid, binding, fully perfected and continuing agreements and obligations of Borrower to Bank,
enforceable in accordance with their respective terms; and that Borrower has no claims, cross-claims, counterclaims, setoffs or defenses of any kind or nature which would in any way reduce or offset its obligations to Bank under the Loan Documents
as of the date of this Agreement. 

  
 B.
Existing Term Loan A Indebtedness. Borrower and Bank acknowledge and agree that the current outstanding principal balance of Term Loan A, plus all accrued and unpaid interest through August 2, 2005 is Five Hundred Thousand and 00/100 Dollars
($500,000) (the “Existing Term Loan A Indebtedness”). The Existing Term Loan A Indebtedness shall be evidenced by the new $500,000 Promissory Note (defined below). 
  

	II.	Amendments to Credit Agreement and Other Loan Documents. 

  

	 	A.	Section 1.01 of the Credit Agreement is deleted and replaced with the following: 

  
 “1.01 Term Loan Commitment. Subject to the terms and conditions of this Agreement, Borrower’s Existing
Term Loan A Indebtedness shall be evidenced by a new $500,000 Promissory Note attached hereto in the form of Exhibit A (“$500,000 Promissory Note”). The interest rate, maturity date and other terms of $500,000 Promissory Note are set forth
in the $500,000 Promissory Note. Also, Term Loan B dated September 1, 2004 remains in full force and effect in accordance with its terms. The current principal balance of Term Loan B is $3,606,433.96. 
  

	 	B.	Section 4.16 of the Credit Agreement is hereby deleted in its entirety. 

  

	 	C.	Section 5.08 of the Credit Agreement is hereby deleted in its entirety. 

  

	 	D.	Sections V.A. through V.D. of the Fourth Amendment to Credit Agreement and Loan Documents and Waiver of Defaults are hereby deleted in their entirety. 

	III.	Notices to Bank. All notices required or permitted to be given to Bank under this Agreement shall be addressed to: 

  

	 	To:	Jerry L. Ruyan 

 c/o Redwood Holdings 
 9468 Montgomery Rd. 
 Cincinnati, OH 45242

  
 Remington Capital LLC 
 9468 Montgomery Rd. 
 Cincinnati, OH 45242

  

	IV.	Complete Agreement of Parties. This Agreement constitutes the complete agreement among Bank, Remington and Borrower arising out of, related to or connected with the subject
matter of this Agreement. Any supplements, modifications, waivers of terminations of this Agreement shall not be binding unless executed in writing by the parties to be bound thereby. This Agreement does not alter or amend any provision of any of
the Loan Documents except to the extent of the provisions expressly set forth herein. 

  
 [Remainder of page intentionally left blank.] 

 AGREED AND ACCEPTED: 
  

									
			
	 “Bank”
 Jerry L. Ruyan, successor by assignment
 from Comerica Bank, successor by merger
 to Comerica Bank – California, successor
 in interest to Imperial Bank
	 	 	 	 
					
	 By:
	 	 /s/ Jerry L. Ruyan
	 	 	 	 	 	 Dated: August 30, 2005

			
	 “Borrower”
 Synbiotics Corporation,
 A California corporation
	 	 	 	 
					
	By:	 	 /s/ Keith A. Butler
	 	 	 	 	 	 Dated: August 30, 2005

					
	 Its:
	 	 Vice President – Finance and Chief Financial Officer
	 	 	 	 	 	 
					
	 Print:
	 	 Keith A. Butler
	 	 	 	 	 	 
			
	 “Remington”
 Remington Capital LLC an Ohio limited
 liability company, successor in partial
 interest to Bank.
	 	 	 	 
					
	By:	 	 /s/ Jerry L. Ruyan
	 	 	 	 	 	 Dated: August 30, 2005

					
	 Its:
	 	 President
	 	 	 	 	 	 
					
	 Print:
	 	 Jerry L. Ruyan
	 	 	 	 	 	 

  
 Exhibit A 

 
 $500,000.00 Promissory Note 
  
 Incorporated herein by reference to Exhibit 4.4.11 to this Current Report on
Form 8-K.Promissory Note from the Registrant to Jerry L. Ruyan

 Exhibit 4.4.11 
  
 $500,000 PROMISORY NOTE 
  

			
	 $500,000.00
	  	 San Diego, California
 Effective August 2, 2005

  
 PROMISE TO PAY.
SYNBIOTICS CORPORATION, a California corporation, (“Borrower”) promises to pay to JERRY L. RUYAN (“Lender”), or order, in lawful money of the United Sates of America, the principal amount of Five Hundred Thousand Dollars
($500,000.00) together with interest accrued on the outstanding principal balance of this Promissory Note (this “Note”) from the date of this Note at the rate specified below. 
  
 Principal payment. Borrower will pay the principal amount of this Note and accrued
interest as follows: 
  

	 	(a)	Seventy- two (72) blended payments of principal and interest of Eight Thousand Five Hundred Eighty Four and 65/100 Dollars ($8,584.65) each due on the 1st day of each month beginning September 1, 2005. 

  

	 	(b)	All unpaid principal and interest shall be due and payable in full on August 1, 2011. 

  
 PAYMENTS. Borrower will pay Lender at Lender’s address shown below or at such other place as Lender may
designate in writing. Unless otherwise agreed or required by applicable law, payments will be applied first to any unpaid collection costs and any late charges, then to any unpaid interest, and any remaining amount to principal. 
  
 Mail payments to: Jerry L. Ruyan c/o Redwood Holdings, LLC, 9468 Montgomery
Road, Cincinnati, Ohio 45242. 
  
 FIXED INTEREST RATE. The
interest rate on the Note is 7.25% per annum. NOTICE: Under no circumstances will the interest rate on this Note be more than the Maximum rate allowed by applicable law. 
  
 PREPAYMENT. 
  

	 	A.	Optional Prepayment. Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. 

  

	 	B.	Application of Prepayments. Prepayments will not, unless agreed to by Lender in writing, relieve Borrower of Borrower’s obligation to continue to make payments of
accrued unpaid interest. Rather, all prepayments will reduce the principal payments required under this Note in the inverse order that such payments are due hereunder 

  
 LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged 5.000% of the unpaid portion of
the regularly scheduled payment. 

 DEFAULT. Borrower will be in default if any of the following happens: (a) Borrower fails to
make any payment hereunder when due; and/or (b) An Uncured Default occurs and is continuing or is existing under the Credit Agreement. 
  
 LENDER’S RIGHTS. Upon default, Lender may declare the entire unpaid principal balance on this Note and all accrued unpaid interest immediately
due, without notice, and then Borrower will immediately pay that amount. Upon Borrower’s failure to pay all amounts declared due pursuant to this section, Lender may (a) increase the variable interest rate on this Note to 10.25%, and (b) add
any unpaid accrued interest to principal and such sum will bear interest therefrom until paid at the rate provided in this Note (including any increased rate). Lender may hire or pay someone else to help collect this Note if Borrower does not pay.
Borrower also will pay Lender that amount. This includes, subject to any limits under applicable law, Lender’s attorneys’ fees and Lender’s legal expenses whether or not there is a lawsuit, including attorneys’ fees and legal
expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals, and any anticipated post judgment collection services, and further including the allocated cost of Lender’s in-house counsel.
Borrower also will pay any court costs, in addition to all other sums provided by law. This Note has been delivered to Lender and accepted by Lender in the State of California. If there is a lawsuit, Borrower agrees upon Lender’s request to
submit to the jurisdiction of the courts of San Diego County, the State of California. This Note shall be governed by and construed in accordance with the laws of the State of California.  
  
 DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $25.00 if
Borrower makes a payment on this Note and the check or preauthorized charge with which Borrower pays is later dishonored. 
  
 CREDIT AGREEMENT. This Note is subject to the provisions of that certain Credit Agreement dated April 12, 2000 and all amendments thereto and
replacements thereof. 
  
 GENERAL PROVISIONS. Lender may
delay or forgo enforcing any of its rights or remedies under this Note without losing them. Borrower and any other person who signs, guarantees or endorses this Note, to the extent allowed by law, waive any applicable stature of limitations,
presentment, demand for payment, protest and notice of dishonor. Upon any change in the terms of this Note, and unless otherwise expressly stated in writing, no party who signs this Note, whether as maker, guarantor, accommodation maker or endorser,
shall be released from liability. All such parties agree that Lender may renew or extend (repeatedly and for any length of time) this loan, or release any party or guarantor or collateral; or impair, fail to realize upon or perfect Lender’s
security interest in the collateral; and take any other action deemed necessary by Lender without the consent of or notice to anyone. All such parties also agree that Lender may modify this loan without the consent of or notice to anyone other than
the party with whom the modification is made. 
  
 JURY TRIAL
WAIVER. LENDER AND BORROWER EACH ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL ONE, BUT THAT IT MAY BE WAIVED. EACH OF THEM, AFTER CONSULTING OR HAVING HAD THE OPPORTUNITY TO CONSULT, WITH COUNSEL OF THEIR CHOICE, KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION 

 
BASED UPON OR ARISING OUT OF THIS NOTE OR ANY RELATED INSTRUMENT OR LOAN DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS NOTE OR ANY COURSE OF
CONDUCT, DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN), OR ACTION OF ANY OF THEM. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED BY LENDER OR BORROWER, EXCEPT BY A WRITTEN INSTRUMENT EXECUTED BY EACH OF
THEM. 
  
 PRIOR TO SIGNING THIS NOTE, BORROWER READ AND
UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, BORROWER AGREES TO THE TERMS OF THE NOTE AND ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THE NOTE. 
  

			
	 Synbiotics Corporation, a California corporation

		
	 By:
	 	/S/  KEITH A. BUTLER

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