Document:

Non-Statutory Stock Option Agreement as of July 10, 2008 with Laura E. Owen

 Exhibit 10.4 
 ICOP DIGITAL, INC. 
 Grant Agreement 
 Non-Statutory Stock Option Agreement 
 Granted Under the 2002 Stock Option Plan

 1. Grant of Option. This Stock Option Agreement (this “Agreement”) evidences the
grant by ICOP Digital, Inc., a Colorado corporation (the “Company”), on July 10, 2008 (the “Grant Date”) to Laura E. Owen, 27085 W. 102nd Street, Olathe, KS 66061, (the “Optionee”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2002 Stock Incentive Plan (the “Plan”), a total of
200,000 shares (the “Shares”) of common stock, $0.01 par value per share, of the Company (“Common Stock”) at $1.39 (“Option Price”) per Share. This option shall expire on July 9, 2018 (the
“Final Exercise Date”). 
 2. Vesting Schedule. 
 a. General. Subject to the terms and conditions set forth in this Agreement, including the accelerated vesting provisions set forth in Section 2(b) below, this option will become exercisable
(“vest”) on the following schedule: 
  

				
	 Date
	  	% Vested	 
	 Grant Date
	  	100	%

 b. Exercise Rights Cumulative. The right of exercise shall be cumulative so that to the
extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all shares for which it is vested until the earlier of the Final Exercise Date or the
termination of this option under Section 3 hereof or the Plan. 
 c. Change in Control. Pursuant to Article XIV of the Plan, upon
a Change in Control (as defined in the Plan), all of the Shares shall be vested. 
 3. Exercise of Option. In order to exercise this option, the
Optionee shall notify the Company or the Company’s third-party stock option plan administrator, if any, appointed by the Company (the “Plan Administrator”), of the Optionee’s intent to exercise this option, and shall follow the
procedures established by the Company or the Plan Administrator as the case may be for exercising stock options under the Plan and provide payment of the Option Price for each Share purchased hereunder in any of the following manner, (i) cash
in the form of a wire transfer of funds, cashiers check, bank draft or equivalent acceptable to the Company, (ii) share of the Common Stock of the Company that are already owned by the Optionee for at least six months and have a Fair Market
Value at the time of the exercise that is equal to the Option Price for the Shares purchased, (iii) by deferred payment of the Option Price for the Shares purchased from the proceeds of sale through a broker of some or all of the Shares to
which the exercise relates, provided such Option Price for the Shares purchased shall be due and payable not more than thirty (30) days following the date of exercise, (iv) by Cashless Exercise as hereinafter defined, (v) any legal
consideration acceptable to the Plan Committee, or (vi) any combination of the foregoing. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share.

 “Cashless Exercise” as used herein shall mean an exercise of this option in which, in lieu of
cash payment of the Option Price multiplied by the number of Shares exercised, the Optionee elects to receive a lesser number of Shares using the inherent value of the forgone Shares in satisfaction of the Option Price. The number of Shares to be
issued shall be computed by calculating the extent to which the closing price of the Company Common Stock on the date of exercise (or if such date is not a trading day, on the next prior trading day) exceeds the Option Price and multiplying the
positive price spread by a sufficient number of Shares which would otherwise be subject to issuance under this option to equal the Option Price for the reduced number of Shares which shall thereafter be issued. An Optionee may only elect a Cashless
Exercise if the Shares issuable by the Company on such exercise are publicly traded securities. 
 4. Provisions of the Plan. This option is subject
to the provisions of the Plan, a copy of which is furnished to the Optionee with this option. Capitalize terms not specifically defined herein shall have the meaning set forth in the Plan. Any conflict in the definition of any term of this Agreement
shall presumptively be defined as that term is defined in the Plan. 
 5. Notices. Any notice to be given to the Company shall be addressed to the
Company in care of its Secretary at its principal office, and any notice to be given to the Optionee shall be addressed to the Optionee at the address set forth beneath the Optionee’s signature hereto or at such other address as the Optionee
may hereafter designate in writing to the Company. Any such notice shall be deemed duly given when enclosed in a properly sealed envelope or wrapper address as aforesaid, registered or certified, and deposited, postage and registry or certification
fees prepaid, in a post office or branch post office regularly maintained by the United States Postal Service. 
 6. Rules of Construction. This
Agreement has been executed and delivered by the Company and shall be construed and enforced in accordance with the laws of the State of Kansas, without giving effect to any conflict-of-law principle of any jurisdiction. Any action or proceeding
arising out of this Agreement will be litigated in courts located in Johnson County, Kansas. Each party consents and submits to the jurisdiction of the District Court of Johnson County, Kansas of the Federal District Court of Kansas. 
 IN WITNESS WHEREOF, the Company has caused this option to be executed under its corporate seal by its duly authorized officer. This option shall take
effect as a sealed instrument. 
  

	
	ICOP DIGITAL, INC.,
	a Colorado Corporation
	
	/s/ David C. Owen
	 Name: David C. Owen

	 Title: President/CEO

	
	/s/ Roger L. Mason
	 Name: Roger L. Mason

	 Title: Chairman, Incentive Plan Committee

 Dated: July 10, 2018 

 OPTIONEE ACCEPTANCE 
 The undersigned hereby accepts the foregoing option and agrees to the terms and conditions thereof. The undersigned hereby acknowledges receipt of a copy of the Company’s 2002 Stock Option Plan. 
  

			
	Optionee:
	
	/s/ Laura E. Owen
	Name:	 	Laura E. Owen
	Address:	 	
	SSN:First Amendment to the Asset-based Loan & Security Agreement

 Exhibit 10.14 
 FIRST AMENDMENT 
 TO LOAN AND SECURITY AGREEMENT 
 THIS FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) dated as of July 28, 2008 is entered into by and
among THE NEWARK GROUP, INC., a New Jersey corporation (the “Company”), NEWARK GROUP INTERNATIONAL B.V., a private company with its corporate seat in Amsterdam, the Netherlands (the “Dutch Borrower”),
the Domestic Subsidiaries of the Company identified on the signature pages hereto as Subsidiary Borrowers (the “Subsidiary Borrowers” and together with the Company and the Dutch Borrower, each a “Borrower” and
collectively, the “Borrowers”), the Domestic Subsidiaries of the Company identified on the signature pages hereto as Guarantors (each a “Guarantor” and collectively, the “Guarantors”), the
undersigned Lenders and Wachovia Bank, National Association, as Administrative Agent for the Lenders (the “Administrative Agent”). 
 RECITALS 
 WHEREAS, the Borrowers, the Guarantors, the Lenders and the Administrative Agent are parties to that
certain Loan and Security Agreement dated as of March 9, 2007 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); 
 WHEREAS, the Borrowers have requested certain amendments to the Credit Agreement; 
 NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows: 
 AGREEMENT 
 1. Definitions. Capitalized terms used in this Amendment, unless otherwise defined herein, shall have the meaning ascribed to such terms in
the Credit Agreement. 
 2. Amendment. Section 9.6(a) of the Credit Agreement is hereby amended by deleting clauses
(iii) and (iv) thereof in their entirety and replacing them with the following: 
 (i) Within ninety
(90) days after the end of each fiscal year (other than for the 2008 fiscal year, in which case on or before August 13, 2008), audited consolidated financial statements and unaudited consolidating financial statements of Company and its
consolidated Subsidiaries (including in each case balance sheets, statements of income and loss, statements of cash flow and statements of shareholders’ equity), and the accompanying notes thereto, all in reasonable detail, fairly presenting in
all material respects the financial position and the results of the operations of Company and its Subsidiaries as of the end of and for such fiscal year, together with the unqualified opinion of independent certified public accountants with respect
to the audited consolidated financial statements, which accountants shall be Deloitte & Touche or 

 
another independent accounting firm selected by Company and reasonably acceptable to Administrative Agent, that such audited consolidated financial
statements have been prepared in accordance with GAAP, and present fairly in all material respects the results of operations and financial condition of Company and its Subsidiaries as of the end of and for the fiscal year then ended. 

(ii) At such time as available, but in no event later than ninety (90) days after the end of each fiscal year (commencing with
the fiscal year of Borrowers ending April 30, 2007) (other than for the 2008 fiscal year, in which case on or before August 13, 2008), projected consolidated financial statements (including in each case, forecasted balance sheets and
statements of income and loss, statements of cash flow, and statements of shareholders’ equity) of Company and its consolidated Subsidiaries for the next fiscal year, all in reasonable detail, and in a format consistent with the projections
delivered by Borrowers to Administrative Agent prior to the date hereof, together with such supporting information as Administrative Agent may reasonably request. Such projected financial statements shall be prepared on a quarterly basis for the
next succeeding year. Such projections shall represent the reasonable best estimate by Borrowers and Guarantors of the future financial performance of Company and its Subsidiaries for the periods set forth therein and shall have been prepared on the
basis of the assumptions set forth therein which Borrowers and Guarantors believe are fair and reasonable as of the date of preparation in light of current and reasonably foreseeable business conditions (it being understood that actual results may
differ from those set forth in such projected financial statements). 
 3. Conditions. The effectiveness of this Amendment
is subject to the following conditions precedent: 
 (a) Executed Amendment. Receipt by the Administrative Agent of a
copy of this Amendment duly executed by each of the Borrowers and the Guarantors and the Required Lenders. 
 (b) No
Default. No Default or Event of Default shall have occurred and be continuing under the Credit Agreement after giving effect to Paragraph 2 hereof. 
 (c) Amendment to CL Credit Agreement. The Administrative Agent shall have received a copy of an amendment to the CL Credit Agreement in form and substance satisfactory to the Administrative Agent. 

(d) Other Items. The Administrative Agent shall have received such other documents, agreements or information which may be
reasonably requested by the Agent. 
 (e) Payment of Costs and Expenses. The Borrowers shall have paid all
reasonable costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation the reasonable fees and expenses of Moore & Van Allen, PLLC. 
  

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 4. Representations and Warranties. To induce the Administrative Agent and Lenders to enter
into this Amendment, each Borrower and Guarantor represents and warrants to the Administrative Agent and Lenders that (i) the representations and warranties contained in Section 8 of the Credit Agreement are true and correct on and as of
the date hereof as though made on and as of such date (except for those representations and warranties which by their terms relate solely to an earlier date) both before and after giving effect to the provisions contained herein, (ii) no
Default or Event of Default exists under the Credit Agreement on and as of the date hereof after giving effect to the provisions contained herein, (iii) it has taken all necessary action to authorize the execution, delivery and performance of
this Amendment, (iv) this Amendment has been duly executed and delivered and constitutes its legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (A) bankruptcy,
insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (B) general principles of equity (regardless of whether such enforceability is considered in a proceeding
at law or in equity), (v) no consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance
of this Amendment, (vi) the Security Documents continue to create a valid security interest in, and Lien upon, the Collateral in favor of the Collateral Agent which security interests and Liens are perfected in accordance with the terms of the
Security Documents and prior to all Liens other than Permitted Liens and (vii) the Obligations are not reduced or modified by this Amendment and are not subject to any offsets, defenses or counterclaims. 
 5. References. Any reference to the Credit Agreement contained in any document, instrument or agreement executed in connection with the
Credit Agreement shall be deemed to be a reference to the Credit Agreement as modified by this Amendment. This Amendment is a Financing Agreement executed pursuant to the Credit Agreement and shall (unless otherwise expressly indicated therein) be
construed, administered and applied in accordance with the terms and provisions of the Credit Agreement. 
 6. Counterparts.
This Amendment may be executed in two or more counterparts, each of which shall constitute an original, but all of which taken together shall be one and the same instrument. Delivery of executed counterparts of this Amendment by telecopy shall
be effective as an original and shall constitute a representation that an original will be delivered. 
 7. Reaffirmation, Etc.
Except as expressly waived or otherwise specifically provided, each and every representation, warranty, agreement, covenant, term and condition contained in the Credit Agreement or in any other document executed or delivered in connection
therewith shall remain unamended, unmodified and unwaived, is specifically ratified and affirmed, and shall continue to be in full force and effect in accordance with its respective terms. In addition, by their signature below, each Borrower and
Guarantor consents to this Amendment, and hereby ratifies the Credit Agreement and acknowledges and affirms (a) that it is bound by all of the terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance
and full performance of its respective Obligations. 
  

 3 

 8. No Other Modification. Except to the extent specifically provided to the contrary in
this Amendment, all terms and conditions of the Credit Agreement and the other Financing Agreements shall remain in full force and effect, without modification or limitation. 
 9. Governing Law. This Amendment shall be deemed to be a contract made under, and for all purposes shall be construed in accordance with,
the laws of the State of New York. 
 10. Release. Each Borrower and each Guarantor hereby releases, discharges and
extinguishes any and all claims that each Borrower, and each Guarantor, may have against the Administrative Agent in its representative capacity, or against the Collateral Agent, the Control Agent or the Lenders, arising as a result of any breach of
duty, or any breach of the Credit Agreement or any other Financing Agreement, by the Administrative Agent, Collateral Agent, Control Agent of the Lenders in connection with the performance of their respective obligations under the Credit Agreement
or any other Financing Agreement, provided however that the foregoing shall not release, discharge or extinguish any right, claim or cause of action that each Borrower and each Guarantor may have in connection with (i) deposits (time, demand or
other deposits) that are held by the Administrative Agent, Collateral Agent, Control Agent or any of the Lenders, (ii) checks in process, (iii) rights to refunds for fee or other overcharges prior to the date hereof, (iv) claims not
known prior to the date hereof, (v) claims in connection with services rendered pursuant to cash management, hedging, investment advice or any other services of the Administrative Agent, Collateral Agent or Control Agent or any of the Lenders
set forth in agreements other than the Credit Agreement, and (vi) claims for willful misconduct occurring after the date of this Amendment. 
 [Signatures are on the following page] 
  

 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective duly authorized officers on the date first written above. 
  

									
	COMPANY:	 		 	 THE NEWARK GROUP, INC.,
 a New Jersey
corporation

					
		 		 		 	By:	 	/s/ Joseph E. Byrne
		 		 		 	Name:	 	Joseph E. Byrne
		 		 		 	Title:	 	Vice President & Chief Financial Officer
			
	DUTCH BORROWER:	 		 	 NEWARK GROUP INTERNATIONAL B.V.,
 a private
company with limited liability with its corporate seat in Amsterdam, the Netherlands

					
		 		 		 	By:	 	/s/ Joseph E. Byrne
		 		 		 	Name:	 	Joseph E. Byrne
		 		 		 	Title:	 	Vice President & Chief Financial Officer
			
	GUARANTORS:	 		 	RIDGE FINANCE CORP., a Delaware corporation
					
		 		 		 	By:	 	/s/ Joseph E. Byrne
		 		 		 	Name:	 	Joseph E. Byrne
		 		 		 	Title:	 	Vice President & Chief Financial Officer
			
		 		 	NP COGEN, INC., a California corporation
					
		 		 		 	By:	 	/s/ Joseph E. Byrne
		 		 		 	Name:	 	Joseph E. Byrne
		 		 		 	Title:	 	Vice President & Chief Financial Officer

 ADMINISTRATIVE AGENT: 
  

			
	 WACHOVIA BANK, NATIONAL ASSOCIATION,
 as
Administrative Agent and a Lender

		
	 By:
	 	/s/ Eric Butler
	 Name:
	 	Eric Butler
	Title:	 	Managing Director

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