Document:

exhibit10-7.htm

Exhibit 10.7

 

 

Form of Cash-Based Long-Term Incentive Compensation Award Agreement - Officers

 

This Cash-Based Long-Term Incentive Compensation Award Agreement (this “Agreement”), dated as of February 15, 2012 (the “Effective Date”), is by and between [insert] (“Executive”) and Ralcorp Holdings, Inc. (the “Company”).

 

Recital

 

The Company desires to provide an incentive to retain and reward Executive for meeting certain performance criteria by providing Executive with a cash-based long-term incentive compensation award based on the terms and subject to the conditions contained in this Agreement and the Ralcorp Holdings, Inc. Cash Based Incentive Plan.

 

Agreements

 

NOW THEREFORE, in consideration for the promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Executive agree as follows:

 

1.  Performance Criteria.  The Company will pay Executive a one-time, long-term incentive compensation award, the amount of which is set forth in Section 2, if:

 

	
a.  

	
the Executive remains employed by the Company from the Effective Date through December 31, 2014; and

 

	
b.  

	
the Performance Target, as defined herein, or percentage thereof has been achieved.

 

In the event any of the criteria set forth in Section 1 are not satisfied, Executive will not be eligible to receive any portion of the long-term incentive compensation award.

 

For purposes of this Agreement, “Performance Target” shall mean the achievement of adjusted diluted earnings per share of the Company for the year ended December 31, 2014 equal to an amount (the “Target EPS”) calculated by applying a compound annual growth rate of 20% to a baseline adjusted diluted earnings per share of the Company for the year ended December 31, 2011, as determined in good faith by the Company’s board of directors.  The Company shall make the determination of whether the Performance Target has been met by any means it deems reasonable under the circumstances using its good faith judgment and general accounting principles.  The Company reserves the right, in its discretion, to make appropriate adjustments to the calculation of the Performance Target to account for any infrequent or non-recurring items that it determines are not reflective of the Company’s ongoing operations or the effects of major corporate transactions or other items that the Company determines significantly distort the comparability of the Company’s performance against the Performance Target.

   

2.  Award.  In the event all of the criteria in Section 1 are satisfied, Executive will be eligible to receive the following incentive compensation amount:      

	

 

Performance Level

	 	

 

Incentive Compensation Amount

	
Threshold (90% of Target EPS)

	 	
$

	
Target (100% of Target EPS)

	 	
$

	
Maximum (110% of Target EPS)

	 	
$

 

The incentive compensation amount shall be adjusted proportionately for performance levels that exceed the Threshold level and that fall below the Maximum level.

 

3.  Forfeiture.  Without limiting the foregoing, Executive shall forfeit his rights to receive any incentive compensation amount under this Agreement and shall not be entitled to any payment or other consideration hereunder upon the earliest to occur of the following events (any of which is referred to as a “Forfeiture Event”) prior to December 31, 2014:

 

	
a.  

	
the termination of Executive’s employment with the Company or one of its affiliates with or without Cause;

 

	
b.  

	
the voluntarily termination by Executive of his employment with the Company or one of its affiliates;

 

	
c.  

	
the engagement by Executive in competition with the Company or any of its affiliates; or

 

	
d.  

	
the engagement by Executive in any of the following actions:

 

	
i.  

	
being openly critical in the media of the Company or any of its affiliates or its directors, officers or employees or those of any affiliate;

 

	
ii.  

	
pleading guilty or nolo contendere to any felony or any charge involving moral turpitude;

 

	
iii.  

	
misappropriating or destroying Company or affiliate property including, but not limited to, trade secrets or other proprietary property;

 

	
iv.  

	
improperly disclosing material non-public information regarding the Company or any of its affiliates; or

 

	
v.  

	
inducing or attempting to induce any customer, supplier, lender or other business relation of the Company or any of its affiliates to cease doing business with the Company or any of its affiliates; or

 

	
e.  

	
any other event or reason resulting in forfeiture as described in Section 1.

 

Upon the occurrence of a Forfeiture Event, the incentive compensation award represented by this Agreement will be forfeited and will be cancelled, and Executive shall not be entitled to any payment or other consideration hereunder.

 

4.     Payment of Award.  Subject to Section 3 and the other terms and conditions herein, the payment of any award under this Agreement shall be made within 60 days of December 31, 2014.  Any award shall be paid in cash (or its equivalent) in a single lump sum.  If applicable, the Company or its affiliate shall withhold all applicable tax-related items legally payable by Executive from such cash payment, his wages or other cash compensation paid to Executive by the Company and/or its affiliate equal to the amount of the total withholding tax obligation.  Any award pursuant to this Agreement shall not be eligible for deferral and shall not be deemed benefit earnings for purposes of any Company benefit plan, including but not limited to the Ralcorp Holdings, Inc. Deferred Compensation Plan for Key Employees, the Executive Savings Investment Plan and the Savings Investment Plan.

 

5.     Nature of the Award.  In accepting the terms and conditions of this Agreement, Executive acknowledges and agrees as follows:

 

	
a.  

	
the Company’s granting of eligibility for this award is voluntary and occasional and does not create any contractual or other right to receive future grants, or benefits in lieu of an award, even if eligibility for an award has been granted repeatedly in the past, and all decisions with respect to future grants, if any, will be at the sole discretion of the Company;

 

	
b.  

	
Executive’s receipt of any award is not intended to create and should not be construed as creating a contract guaranteeing employment of any duration with the Company or its subsidiaries or affiliates and shall not interfere with the ability of the Company or its affiliates to terminate Executive’s employment at any time, for any reason, with or without notice;

 

	
c.  

	
the grant of eligibility for this award is an extraordinary benefit and is not part of normal or expected compensation or salary for any purposes, including without limitation, calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company or an affiliate; and

 

	
d.  

	
in consideration of the grant of eligibility for this award, no claim or entitlement to compensation or damages shall arise from termination of the award resulting from termination of Executive’s employment with the Company or its affiliates (for any reason whatsoever), and Executive irrevocably releases the Company and its affiliates from any such claim that may arise.

 

6.  Taxable Event.  Executive acknowledges that the issuance of the cash payment hereunder may have significant tax consequences to Executive, and Executive is hereby advised to consult with Executive’s own tax advisors concerning such tax consequences.

 

7.  Non-Competition.  During the term of Executive’s employment with the Company (or one of its subsidiaries or affiliates) and for one (1) year thereafter, except in the course of Executive performing his/her job responsibilities with the Company, Executive will not directly or indirectly, in a competitive capacity, engage or invest in, own, manage, operate, finance, control or participate in the ownership, management, operation, financing or control of, be employed by or under contract with (including as a director, advisor, or consultant), lend Executive’s name or any similar name to, lend Executive’s credit to or render services or advice to, or plan or prepare to do any of the foregoing with any business organization or entity whose products or activities compete or intend to compete with the Company in the United States or Canada on food products produced by the Company (including those of its subsidiaries and operating divisions) (“Competing Company”) at the time of termination of employment; provided however, Executive may purchase or otherwise acquire up to (but not more than) five percent (5%) of any class of securities of any entity (but without otherwise participating in the activities of such entity) if such securities are listed on any national or regional securities exchange or have been registered under §12(g) of the Securities Exchange Act of 1934, as amended.  For purposes of this Agreement, a business entity or organization shall be a Competing Company only if more than ten percent (10%) of its aggregate gross revenues and more than ten percent (10%) of its aggregate net income are derived from products or activities which compete or intend to compete with the Company’s food products in the United States and Canada.

 

8.  Non-Solicitation/Non-Hire.  Whether for Executive’s own account or the account of any other person or entity, Executive will not: (i) at any time during the Executive’s employment with the Company and for one (1) year after Executive’s termination of employment, directly or indirectly, solicit as an employee, independent contractor or otherwise, any person who was a salaried and bonus eligible employee of the Company at any time during the term of Executive’s employment with the Company or in any manner induce or attempt to induce any employee of the Company to terminate his or her employment with the Company or any affiliate; or (ii) at any time during the Executive’s employment with the Company and for one (1) year after Executive’s termination of employment, interfere with the Company’s relationship with any person or entity who was a customer or supplier of the Company at the time of Executive’s termination of employment.

 

9.  Non-Disclosure.  Upon receipt of this Agreement, Executive agrees not to talk about, write about, or otherwise disclose the terms of this Agreement, or any fact concerning its execution or implementation to any person, firm or corporation, other than the Executive’s family, attorney or financial advisor, unless Executive is required to do so by Federal, state or local law, or by a court of competent jurisdiction, except to the extent that the terms of this Agreement are public information.  Executive understands that his or her violation of the provisions of this paragraph will result in the termination of this Agreement and any rights available to Executive hereunder and that such violation will subject Executive to disciplinary action up to and including termination of employment.

 

10.   Breach.  In the event Executive violates the provisions of Section 7, 8 or 9 of this Agreement, the Company shall have the right to take all necessary legal action to enforce its rights hereunder.  In addition to any remedies available at law, the Company shall have the right to seek and obtain any equitable and injunctive relief (without the requirement to post a bond) that a court may determine is appropriate.  To the extent that the Company is successful in enforcing this provision, Executive shall be responsible for paying the Company’s reasonable attorneys’ fees and costs.  The parties acknowledge and agree that the time and other limitations contained in Sections 7, 8 and 9 of this Agreement are reasonable and necessary for the proper protection of the Company.  However, if any arbitrator or court of competent jurisdiction finds that the time period of the provisions contained therein is too lengthy or the geographic coverage and scope of the provisions contained therein is too broad, the restrictive time period shall be deemed to comprise the largest scope permissible by law under the circumstances.  Executive further acknowledges that, in the event of the termination of his employment with the Company, Executive’s skills and experience will permit him to find employment in many markets, and the limitations contained herein will not prevent him from earning a livelihood.  The period of time applicable to the provisions contained in Sections 7, 8 and 9 of this Agreement shall be extended by the duration of any actual or threatened violation by Executive of such provision.

 

11.   Amendment.  This Agreement may be amended only by a writing executed by the Company and Executive which specifically states that it is amending this Agreement.  Notwithstanding the foregoing, this Agreement may be amended solely by the Company by a writing which specifically states that it is amending this Agreement, so long as a copy of such amendment is delivered to Executive, and provided that no such amendment adversely affecting Executive’s rights hereunder may be made without Executive’s written consent.  Without limiting the foregoing, the Company reserves the right to change, by written notice to Executive, the provisions of this Agreement in any way it may deem necessary or advisable to carry out the purpose of the grant as a result of any change in applicable laws or regulations or any future law, regulation, ruling or judicial determination.

 

12.   Successors and Assigns.  The rights and obligations of the Company under this Agreement will be transferable by the Company to any one or more persons or entities, and all covenants and agreements hereunder will insure to the benefit of, and be enforceable by, the Company’s successors and assigns.  Executive shall have no right to transfer or assign any of his or her rights under this Agreement.

 

13.   Entire Agreement.  This Agreement represents the entire agreement between the parties and any prior understandings or representations of any kind preceding the date of this Agreement shall be superseded by and shall not be binding on either party except to the extent incorporated into this Agreement.

 

14.   Severability.  If, for any reason, any provision of the Agreement is held invalid, such invalidity shall not affect any other provision of the Agreement not held so invalid, and each such other provision shall to the full extent consistent with law continue in full force and effect.

 

15.   Governing Law.  To the extent that Federal laws do not otherwise control, this Agreement and all determinations made or actions taken pursuant hereto shall be governed by the laws of the State of Missouri, without regard to the conflict of laws rules thereof.

 

IN WITNESS WHEREOF, the Company and Executive have executed this Agreement effective as of the Effective Date.

 

 

	
RALCORP HOLDINGS, INC.

 

 

	
EXECUTIVE

 

	
By:________________________________

	

By:________________________________

	 	 
	Name:________________________________ 	Name:________________________________ 
	 	 
	Title:________________________________Exhibit 10.6.4

 

EXECUTION VERSION

 

FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

 

THIS FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is dated as of January 23, 2012 and is effective as of the Amendment Effective Date (as defined in Section 6), by and among SYNTA PHARMACEUTICALS CORP., a Delaware corporation (“Borrower”), SYNTA SECURITIES CORP., a Massachusetts corporation (“Guarantor”; together with the Borrower, each a “Loan Party” and, collectively, the “Loan Parties”), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, acting in its capacity as agent (“Agent”) for the lenders under the Loan Agreement (as defined below) (“Lenders”), and the Lenders.

 

W I T N E S S E T H:

 

WHEREAS, the Loan Parties, Lenders and Agent are parties to that certain Loan and Security Agreement, dated as of September 30, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”; capitalized terms used herein have the meanings given to them in the Loan Agreement except as otherwise expressly defined herein), pursuant to which Lenders have agreed to provide to Borrower certain loans and other extensions of credit in accordance with the terms and conditions thereof; and

 

WHEREAS, the Loan Parties have requested that Agent and Lenders amend certain provisions of the Loan Agreement, and Agent and Lenders are willing to grant such requests in accordance with, and subject to, the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the premises, the covenants and agreements contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Loan Parties, Lenders and Agent hereby agree as follows:

 

1.                                      Acknowledgment of Obligations.  Borrower hereby acknowledges, confirms and agrees that all Term Loans made prior to the date hereof, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges owing by Borrower to Agent and Lenders under the Loan Agreement and the other Debt Documents, are unconditionally owing by Borrower to Agent and Lenders, without offset, defense or counterclaim of any kind, nature or description whatsoever except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditor’s rights generally.

 

2.                                      Amendments to Loan Agreement.  Subject to the terms and conditions of this Amendment, including, without limitation, the conditions precedent to effectiveness set forth in Section 6 below, the Loan Agreement is hereby amended as follows:

 

(a)                                  Section 2.3(b)(ii)(B) of the Loan Agreement is hereby amended by deleting such subsection in its entirety and substituting in lieu thereof the following:

 

“(B) If the Interest Only Extension Conditions have been satisfied, then Borrower shall repay principal on the Term Loan to the Agent, for the ratable benefit of the

 

 

Lenders, in twenty-five (25) equal consecutive monthly installments of $600,000 on each Scheduled Payment Date, commencing on July 1, 2012.”

 

(b)                                 Section 2.3(b)(ii) of the Loan Agreement is hereby amended by deleting the definition of “Interest Only Extension Conditions” contained in such subsection in its entirety and substituting in lieu thereof the following:

 

“As used herein, the term “Interest Only Extension Conditions” means evidence reasonably satisfactory to Agent of Borrower’s receipt, on or before January 13, 2012, of $28,000,000 in net cash proceeds from one or a combination of the following (i) a collaboration or partnership agreement consistent with Borrower’s existing business and (ii) the sale of additional securities of Borrower, which net cash proceeds, in any case, shall be fully earned (subject to revenue recognition over time in accordance with GAAP) and non-refundable when received by Borrower.”

 

(c)                                  Section 3.4(c) of the Loan Agreement is hereby amended by deleting such subsection in its entirety and substituting in lieu thereof the following:

 

Effect of Occurrence of IP Security Interest Event.  After January 11, 2012, immediately upon the occurrence, if at all, of an IP Security Interest Event (1) Borrower shall automatically and irrevocably and without any further action by Agent or any other party be deemed to pledge and grant to Agent a continuing first priority lien on and security interest in, upon, and to all right, title and interest of Borrower in and to all now owned and hereafter acquired Intellectual Property, (2) Agent shall be automatically authorized to file any UCC financing statements or financing statement amendments to perfect such security interest in Intellectual Property, (3) the IP Security Agreements delivered to the Agent in escrow on the Closing Date pursuant to Section 4.1(g) shall be automatically released from escrow and Agent shall be automatically authorized to file such IP Security Agreements (the schedules to which may be updated by Agent if Borrower acquires or develops additional Intellectual Property between the Closing Date and the IP Security Interest Event) with the United States Patent and Trademark Office or United States Copyright Office, as applicable, and (4) Borrower shall promptly execute such other agreements and take such other actions as Agent may reasonably request to establish, evidence or perfect Agent’s security interest in the Intellectual Property.

 

3.                                      Representation and Acknowledgement Regarding IP Security Interest Event.   The Loan Parties represent and warrant to the Agent and Lenders that, prior to giving effect to the amendments to the Loan Agreement set forth in this Amendment,  no IP Security Interest Event has occurred at any time prior to the Amendment Effective Date.  Further, the Loan Parties acknowledge and agree that (a) Agent and Lender’s willingness to retroactively amend Section 2.3(b)(ii) and Section 3.4(c) of the Loan Agreement set forth in Section 2 above shall not be interpreted or deemed to constitute a course of conduct or course of dealing as it relates to any

 

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future IP Security Interest Event; and (b) Agent and Lenders shall continue to have all rights set forth in the Loan Agreement and other Debt Documents with respect to the occurrence of any future IP Security Interest Event.

 

4.                                      No Other Consents or Amendments.  Except for the amendment set forth and referred to in Sections 2 above, the Loan Agreement and the other Debt Documents shall remain unchanged and in full force and effect.  Nothing in this Amendment is intended, or shall be construed, to constitute a novation or an accord and satisfaction of any of Borrower’s or Guarantor’s Obligations or to modify, affect or impair the perfection or continuity of Agent’s security interests in, security titles to or other liens, for the benefit of itself and the Lenders, on any Collateral for the Obligations.

 

5.                                      Representations and Warranties.  To induce Agent and Lenders to enter into this Amendment, each Loan Party does hereby warrant, represent and covenant to Agent and Lenders that after giving effect to this Amendment (a) each representation or warranty of the Loan Parties set forth in the Loan Agreement is hereby restated and reaffirmed as true and correct in all material respects (without duplication of any materiality qualifier contained therein)   on and as of the date hereof as if such representation or warranty were made on and as of the date hereof (except to the extent that any such representation or warranty expressly relates to a prior specific date or period), (b) no Default or Event of Default has occurred and is continuing as of the date hereof and (c) each Loan Party has the power and is duly authorized to enter into, deliver and perform this Amendment and this Amendment is the legal, valid and binding obligation of each Loan Party enforceable against each Loan Party in accordance with its terms.

 

6.                                      Conditions Precedent to Effectiveness of this Amendment.  This Amendment shall become effective as of December 1, 2011 (the “Amendment Effective Date”) upon satisfaction of the following conditions:

 

(a)                                  Agent shall notify Borrower in writing that Agent has received one or more counterparts of this Amendment duly executed and delivered by the Loan Parties, Agent and Lenders, in form and substance satisfactory to Agent and Lenders;

 

(b)                                 Both before and after giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing;

 

(c)                                  Agent shall have received an amendment fee in immediately available funds in the amount of $20,000.00, for benefit of the Lenders in accordance with their Pro Rata Shares, which fee shall be fully earned and non-refundable when paid; and

 

(d)                                 Agent shall have received all other documents and instruments as Agent or any Lender may reasonably deem necessary or appropriate to effectuate the intent or purpose of this Amendment.

 

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7.                                      Release.

 

(a)                                  In consideration of the agreements of Agent and Lenders contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Loan Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent and each Lender and their respective successors and assigns, and their respective present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Agent, Lenders and all such other persons being hereinafter referred to collectively, as the “Releasees” and individually, as a “Releasee”), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which any Loan Party or any of its respective successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the Amendment Effective Date, including, without limitation, for or on account of, or in relation to, or in any way in connection with the Loan Agreement or any of the other Debt Documents or transactions thereunder or related thereto.

 

(b)                                 Each Loan Party understands, acknowledges and agrees that its release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release.

 

(c)                                  Each Loan Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above.

 

8.                                      Covenant Not To Sue.                            Each Loan Party, on behalf of itself and its respective successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably, covenants and agrees with and in favor of each Releasee that it will not sue (at law, in equity, in any regulatory proceeding or otherwise) any Releasee on the basis of any Claim released, remised and discharged by the Loan Parties pursuant to Section 7 above.  If any Loan Party or any of its respective successors, assigns or other legal representatives violates the foregoing covenant, each Loan Party, for itself and its successors, assigns and legal representatives, jointly and severally agrees to pay, in addition to such other damages as any Releasee may sustain as a result of such violation, all attorneys’ fees and costs incurred by any Releasee as a result of such violation.

 

9.                                      Advice of Counsel.     Each of the parties represents to each other party hereto that it has discussed this Amendment with its counsel.

 

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10.                               Severability of Provisions.  In case any provision of or obligation under this Amendment shall be invalid, illegal or unenforceable in any applicable jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.

 

11.                               Counterparts.  This Amendment may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument.

 

12.                               GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE WITHOUT REGARD TO THE PRINCIPLES THEREOF REGARDING CONFLICTS OF LAWS.

 

13.                               Entire Agreement.  The Loan Agreement as and when amended through this Amendment embodies the entire agreement between the parties hereto relating to the subject matter thereof and supersedes all prior agreements, representations and understandings, if any, relating to the subject matter thereof.

 

14.                               No Strict Construction, Etc.  The parties hereto have participated jointly in the negotiation and drafting of this Amendment.  In the event an ambiguity or question of intent or interpretation arises, this Amendment shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Amendment.  Time is of the essence for this Amendment.

 

15.                               Costs and Expenses.  Loan Parties absolutely and unconditionally agree, jointly and severally, to pay or reimburse upon demand for all reasonable fees, costs and expenses incurred by Agent and the Lenders that are Lenders on the Closing Date in connection with the preparation, negotiation, execution and delivery of this Amendment and any other Debt Documents or other agreements prepared, negotiated, executed or delivered in connection with this Amendment or transactions contemplated hereby.

 

[Signature Pages Follow]

 

5

 

IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment to Loan and Security Agreement to be duly executed and delivered as of the day and year specified at the beginning hereof.

 

 

	
 
    	
BORROWER:
    
	
 
    	
 
    
	
 
    	
SYNTA PHARMACEUTICALS CORP.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Keith Ehrlich
    
	
 
    	
Name: Keith Ehrlich
    
	
 
    	
Title: CFO
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
GUARANTOR:
    
	
 
    	
 
    
	
 
    	
SYNTA SECURITIES CORP.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Keith Ehrlich
    
	
 
    	
Name: Keith Ehrlich
    
	
 
    	
Title: Director
    

 

 

SYNTA PHARMACEUTICALS CORP.

FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

SIGNATURE PAGE

 

 

	
 
    	
AGENT AND LENDER:
    
	
 
    	
 
    
	
 
    	
GENERAL ELECTRIC CAPITAL CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Alan Silbert
    
	
 
    	
Name: Alan Silbert
    
	
 
    	
Title: Its Duly Authorized Signatory
    

 

 

SYNTA PHARMACEUTICALS CORP.

FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

SIGNATURE PAGE

 

 

	
 
    	
LENDER:
    
	
 
    	
 
    
	
 
    	
MIDCAP FUNDING III, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Luis Viera
    
	
 
    	
Name: Luis Viera
    
	
 
    	
Title: Managing Director
    

 

 

SYNTA PHARMACEUTICALS CORP.

FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

SIGNATURE PAGE

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