Document:

Q1 2013 Exhibit 10.1

Exhibit 10.1

Certain confidential information contained in this document marked with [***] has been omitted and filed SEPARATELY with the Securities and Exchange
Commission, pursuant to rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

 

MYMEDICALRECORDS/WHOLE FOODS MARKET

This MyMedicalRecords.com Employee Benefits Program Agreement (the "Agreement"),
effective March 15, 2013 (the "Effective Date"), is entered into by and between
MyMedicalRecords, Inc., a Delaware corporation with offices at 4401 Wilshire Blvd., Suite 200, Los Angeles,
California 90010 ("MMR") and Whole Foods Market, Medical and Wellness Centers Inc., a Texas
corporation with offices at 550 Bowie Street, Austin, TX 78703-4644 ("WFM"). MMR and WFM may be referred to in this
Agreement each as a "Party" and jointly as the "Parties."

This Agreement sets forth the terms of MMR's Employee Benefits Program offered to WFM, pursuant to
which MMR will offer WFM's Team Members that are patients of the Whole Foods Market Medical and Wellness Center facility
("MWC") [***]MMR Services offered through the MWC. For purposes of this Agreement, a Team Member is any individual
employed by WFM that is a patient of the MWC and is eligible for WFM benefits on or after the Effective Date. 

	Services.

	Definition. For purposes of this Agreement, MMR "Services" are those Services
described in Exhibit A attached hereto.

	Terms and Conditions of Use. Subject to payment of the applicable fees, MMR will offer Services
to WFM's Team Members pursuant to the terms of this Agreement, and under the end user Terms and Conditions of Use and the MMR
Privacy Policy, as both may be amended from time to time.

	Ownership of Services. This Agreement does not grant WFM any ownership rights in MMR's
Services, and grants to the WFM only the right to provide Services to its Team Members pursuant to the terms of this
Agreement.

	License To Patents: For the Term of this Agreement and any continuation thereof, WFM shall
have a license to MMR's patents specifically U.S. Patent Nos. 8,117,045; 8,117,646; 8,121,855; 8,301,466; 8,321,240; 8,121,855;
8,352,288 and any other patents to be issued pursuant to pending applications filed by MMR in the United States, and all divisions,
continuations, reissues and extensions thereof.  Such license is limited to the products and services that are the subject of this
Agreement and terminates upon the expiration or termination of this Agreement.

	Marketing Materials/Use of Marks.  MMR will provide to WFM marketing materials to market
Services to Team Members. WFM may or may not use (at WFM's discretion) MMR marketing materials, MMR marks and the MMR
name (including without limitation trademarks and service marks) to market to and inform its Team Members of the MMR Employee
Benefits Program.  

	Pricing and Payment for Services.

	Price: Subscriptions will be charged at a rate of $[***] per Team Member pursuant to Exhibit A.

	Forms Management: WFM shall pay a one-time fee of $[***] for the setup of Forms Management
software.  In addition, WFM shall pay a monthly fee of $[***] for the usage of Forms' Management software. 

	Custom Content: WFM shall pay a one-time fee of $[***] for the development of the Single Sign On
("SSO") bridge to Health Dialog and for hosting a series of PDF's to be provided by WFM. 

[***]: Confidential portions omitted and filed separately with the Commission.

	

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MMR-Whole Foods Market Employee Benefits Program 

	Voicemail and Dynamic Fax Broadcast Services. MMR will provide WFM, at no charge, any
combination of up to four (4) one minute Voicemail and/or single page Dynamic Fax Broadcasts.  Additional Voicemail or Dynamic Fax
Broadcasts will be charged at a per-recipient rate of $[***] per minute (for Voicemail) and $[***] per page (for Fax).  For clarification
purposes, the Voicemail and Dynamic Fax Broadcast Services is a separate service that allows WFM to send a Voicemail or Fax
Broadcast to all users in their system and is separate and apart from the standard voice and fax services included in the user
accounts.

	Billing and Payment. MMR will invoice WFM on a monthly basis for services covered under this
Agreement.  Payment is due within thirty (30) days from the date of invoice.  

	Continuation of Services.

	Continuation of Services. If this Agreement terminates, or if a Team Member departs WFM, the Team
Member may request that MMR continue providing services and MMR may do so at the lowest price generally available to consumers
in the retail marketplace.  Should the Team Member request their service to be continued after termination, MMR shall bill the Team
Member directly.  

	Activation of Continuing Services. To activate continuing services
pursuant to III.a. above, a Team Member or former Team Member must use a WFM's Continuing Services Promotional Code within
sixty (60) days prior to the end of their applicable subscription term and be responsible for payment for these services directly to
MMR.

	Term and Termination.

	Initial Term.  The initial term of this Agreement is one (1) year, commencing on the Effective Date.
Notwithstanding, Team Members may begin activating subscriptions with WFM's Promotional Code at any time on and after the
Effective Date.

	Renewal Terms. In the event WFM wishes to terminate the
Agreement effective at the end of the then-current term, the Company must send written termination notice to MMR no later than ninety
(90) days prior to the end of the then-current term. Absent such notice, the Agreement will be renewed automatically for successive
one (1) year terms.  

	Liability/Indemnification

	LIMITATION OF LIABILITY.  In no event will either party or any of their officers, directors, employees,
stockholders, agents, or representatives be liable to the other party for any special, indirect, incidental, exemplary, or consequential
damages in any way relating to or arising from this Agreement, or resulting from the use or misuse of or inability to use the Services
even if such liability is based on contract, tort, negligence, strict liability, products liability, or otherwise.  The limitations of this Section
6.1 will apply notwithstanding any failure of essential purpose of any limited remedy.

	MAXIMUM LIABILITY.  EXCEPT FOR INDEMNIFICATION OBLIGATIONS, IN NO EVENT WILL
EITHER PARTY'S LIABILITY FOR ANY DAMAGES REGARDLESS OF THE FORM OF ACTION, WHETHER BASED IN CONTRACT,
TORT, NEGLIGENCE, STRICT LIABILITY, PRODUCTS LIABILITY, OR OTHERWISE, EXCEED TWO (2) TIMES THE TOTAL FEES
RECEIVED BY MMR FROM WFM OVER ANY TWELVE MONTH PERIOD UNDER THE TERM OF THIS AGREEMENT.  

	WARRANTY DISCLAIMER.  OTHER THAN AS EXPRESSLY SET FORTH IN THIS
AGREEMENT, MMR MAKES NO REPRESENTATIONS OR WARRANTIES TO PROVIDER WITH RESPECT TO SERVICES
INCLUDED IN THIS AGREEMENT AND ANY UPDATES, ENHANCEMENTS, NEW FEATURES, AND NEW VERSIONS THEREOF,
OR OTHERWISE REGARDING THIS AGREEMENT, WHETHER ORAL OR WRITTEN, EXPRESS, IMPLIED, OR STATUTORY.

[***]: Confidential portions omitted and filed separately with the Commission.

	

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MMR-Whole Foods Market Employee Benefits Program 

	INDEMNIFICATION. each Party (the "Indemnitor") agrees to indemnify the other Party
(the "Indemnitee") from and against, and shall provide a defense with respect to, (a) any claim asserted against the
Indemnitee by a third party in which it is alleged that the Indemnitor's intellectual property infringes upon the rights of any third parties
with respect to any copyright, patent, or trade secret, or (b) any negligent act or omission or willful misconduct by the Indemnitor, its
Representatives, or any Subcontractor engaged by Indemnitor in the performance of any obligations under this Agreement, or (c) any
breach in a representation, covenant, or obligation of the Indemnitor contained in this Agreement;  provided that (a) the Indemnitor is
immediately notified of any such claim; (b) the Indemnitor has full discretion and control of the defense or settlement of any such claim
provided that Indemnitor shall not have any right to stipulate or consent to the entry of an award or judgment against the Indemnitee
without the Indemnitee's express written consent, which shall be in the Indemnitee's sole and absolute discretion; and (c) the
Indemnitee provides full and complete cooperation in the defense and settlement of any such claim.

	Representations and Warranties.

	MMR Representations and Warranties. MMR represents and warrants to WFM that: (i) it owns and/or
licenses the technology to provide the Services, (ii) it will provide the Services under the end user Terms and Conditions of Use, and
(iii) it has adopted privacy policies consistent with the MMR Web site Privacy Policy.

	WFM Representations and Warranties.  WFM represents and warrants that it will provide to MMR
accurate records of Team Members for purposes of billing and collection and that it will make commercially reasonable efforts to ensure
that only its Team Members will have access to and use any WFM-specific Promotional Codes.

	Confidentiality/Non-Disclosure.

	The parties have signed a Non-Disclosure Agreement which is attached as Exhibit B and by this
reference is incorporated herein. 

	

Confidential and Privileged

	
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MMR-Whole Foods Market Employee Benefits Program 

	Books and Records

	The Parties agree to cooperate with each other to exchange information necessary to implement this
Agreement. 

	Each Party shall maintain books and records, including but not limited to, payment records, notices,
accounting and administrative records, necessary for the proper administration of this Agreement, and for all regulatory purposes, and
shall retain all such records for at least five (5) years, or longer, if required by law.  

	The obligations set forth in this Article shall survive the termination of this Agreement for a period of four (4)
years.

	Notices

	All notices, requests, consents, demands and communications provided for by this Agreement shall be
in writing and shall be (a) personally delivered, (b) sent by first-class mail, postage fully prepaid, (c) sent by internationally recognized
courier, or (d) sent by facsimile, and confirmed by letter, addressed to the address of the Parties or to such changed address or telefax
number as the Parties may have advised in a written notice as provided in this Article.

As to Whole Foods Market: Betsy Foster, GVP of Business Development 

550 Bowie St., 

Austin, TX 78703 

 

 

As to MMR:Robert H. Lorsch, CEO

                                                MyMedicalRecords, Inc.

                          4401 Wilshire Blvd., Suite 200

Los Angeles, CA 90010

With a copy to:

Robert H. Lorsch / rhlorsch@mmrmail.com

Ingrid Safranek / isafranek@mmrmail.com

	General Terms and Conditions.

	Amendment/Modification. This Agreement may not be modified unless agreed in a writing signed
by the Parties.

	Waiver. No waiver by either Party of any requirement of this Agreement shall be construed as a
continuing waiver or consent to any subsequent breach.

	Entire Agreement. This Agreement sets forth the entire agreement and understanding between the
Parties relating to the subject matter herein and supersedes all prior discussions between the Parties.

	Severability. If one or more of the provisions in this Agreement are deemed void by law, then
remaining provisions continue in full force.

	

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	Force Majeure. No Party shall have any liability for any delay or failure to perform its obligations
(except payment obligations) hereunder to the extent such delay or failure is the result of any act or event that is beyond such Party's
reasonable control ("Force Majeure Event").  Force Majeure Events include, but are not limited to, acts of God, war,
lightning, fire, storm, flood, earthquake, terrorist acts, blockade, revolution, riot, insurrection, civil commotion, public demonstration,
strikes or industrial disturbances, sabotage and act of vandalism, interruption or degradation of any third party communications system
or the Internet, or any action of a governmental entity and similar events. If a Party experiences a Force Majeure Event, it shall promptly
provide written notice thereof to the other Parties and shall use all reasonable efforts to remove, avoid or mitigate the consequences of
such Force Majeure Event.

EXCEPT WITH RESPECT TO A PARTY'S INDEMNIFICATION OBLIGATIONS, A PARTY'S GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT , A PARTY'S BREACH OF ITS CONFIDENTIALITY OBLIGATIONS UNDER ARTICLE
VIII:  (A) IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES IN
CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT, WHETHER OR NOT THE POSSIBILITY OF SUCH DAMAGES HAS
BEEN DISCLOSED TO SUCH PARTY IN ADVANCE OR COULD HAVE BEEN REASONABLY FORESEEN BY SUCH PARTY.

	Assignment.  Neither Party may assign this Agreement without the prior written consent of the
other Party, which consent shall not be unreasonably withheld. Either Party may assign its rights and/or delegate any and all of its
duties without the other Party's consent to an Affiliate and/or in connection with a merger or sale.

	Applicable Law/Jurisdiction. This agreement shall be governed in all respects by the laws of the
State of Delaware, U.S.A., without regard to that State's conflict of law rules. This Agreement is performable and enforceable under
Delaware law.  The parties agree and consent to the jurisdiction of the federal courts located in Central District of California  and
acknowledge that such courts shall constitute proper and convenient forums for the resolution of any actions between the parties hereto
with respect to the subject matter hereof, and agree that, in such case, these courts shall be the sole and exclusive forums for the
resolution of any actions between the parties with respect to the subject matter hereof.

	Acknowledgments. By signatures of their respective duly authorized representative below, each
Party consents to be bound by the terms of this Agreement.

 

(Remainder of this page intentionally left blank)

	

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MMR-Whole Foods Market Employee Benefits Program 

	
MyMedicalRecords, Inc.

Name: Robert H. Lorsch, CEO

Title: CEO

Signature: /s/ Robert H. Lorsch

Date: 2/26/2013

4401 Wilshire Blvd., Suite 200

Los Angeles, CA 90010

Tel: 310-476-7002

Fax: 206-374-6136
	
WHOLE FOODS MARKETS MEDICAL AND WELLNESS CENTERS, INC.

Name: Betsy Foster

Title: Vice President

Signature: /s/ Betsy Foster

Date: 2/26/2012

Tel: [***]_____________________

Fax: [***]_____________________

[***]: Confidential portions omitted and filed separately with the Commission.

	

Confidential and Privileged

	
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MMR-Whole Foods Market Employee Benefits Program 

EXHIBIT A

	
DESCRIPTION
	
COST

	
MyMedicalRecords Personal Health Record for Whole Food Team members. Includes:

	Toll-free lifeline number ("account number")
	Up to ten family members
	Integrated voice/fax messaging
	File Upload
	Drug reference tool
	Calendar reminders
	Bi-lingual site: English/Spanish
	Custom user guide for Whole Foods

	
$[***] per month per Team Member.

100,000+ Unit pricing used based on pilot minimum of [***]Team Members 

 

	
Customized Content Areas for Whole Foods

	Remove access to XPlain content
	Add one location to link to 80 (approximate number) PDF content documents

	Whole Foods to provide content in English and Spanish
	PDFs to be hosted on MMR site

	And one "single sign on" link to Health Dialog shared decision making videos

	Videos to be hosted on Health Dialog site
	User account number is passed to Health Dialog
	When user arrives on Health Dialog site, user does not need to log in
	User can select specific video they want from menu on Health Dialog site

	
$[***]- one-time development fee 

	
Forms Management 

6 patient forms or 2 packets available to Whole Foods team members after they log into their account

	Patient Intake Form - Medical
	Patient Registration Form - Business
	HIPPA Privacy Form - Business
	Authorization to Release Medical Forms - Business
	Diet and Lifestyle Assessment - Medical
	Consent to Treatment Form - Business

	Create fillable PDF forms
	Secure signature and confirmation - forms are treated as two packets - business form which requires one signature, and medical
packet which requires no signature
	eMail copy of form to patient
	Place form in patient PHR
	Capture field data for export

 
	
$[***] - one time development fee.

$[***] per month. 

[***]: Confidential portions omitted and filed separately with the Commission.

	

Confidential and Privileged

	
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MMR-Whole Foods Market Employee Benefits Program 

 

EXHIBIT B

NON-DISCLOSURE AGREEMENT

 

 

 

 

 

 

	

Confidential and Privileged

	
Page 8 of 8ex4_1.htm

EXHIBIT 4.1

 

THIRD AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT,

TERM LOAN AND SECURITY AGREEMENT

 

THIS THIRD AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT, dated as of August 2, 2013 (this “Amendment”), relating to the Credit Agreement referenced below, is by and among PERMA-FIX ENVIRONMENTAL SERVICES, INC., a Delaware corporation (the “Borrower”), the lenders identified on the signature pages hereto (the “Lenders”), and PNC Bank, National Association, a national banking association, as agent for the Lenders (in such capacity, the “Agent”).  Terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement.

 

W I T N E S S E T H

 

WHEREAS, a credit facility has been extended to the Borrower pursuant to the terms of that certain Amended and Restated Revolving Credit, Term Loan and Security Agreement dated as of October 31, 2011 (as amended and modified from time to time, the “Credit Agreement”) among the Borrower, the Lenders identified therein, and PNC Bank, National Association, as agent for the Lenders;

 

WHEREAS, the Borrower has requested certain modifications to the Credit Agreement;

 

WHEREAS, the Required Lenders have agreed to the requested modifications on the terms and conditions set forth herein;

 

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.             Amendments.  The Credit Agreement is amended as set forth below:

 

(a)               New definitions of “Change in Law”, “Covered Entity”, “FATCA”, “Law”, “Reportable Compliance Event”, “Sanctioned Country”, “Sanctioned Person”, “Subordinated Lender”, “Subordinated Loan” and “Subordination Agreement” are added to Section 1.2 in correct alphabetical order to read as follows:

 

“ “Change in Law” shall mean the occurrence, after the Closing Date, of any of the following: (a) the adoption or taking effect of any Applicable Law; (b) any change in any Applicable Law or in the administration, implementation, interpretation or application thereof by any Governmental Body; or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Body; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines, interpretations or directives thereunder or issued in connection therewith (whether or not having the force of Applicable Law) and (y) all requests, rules, regulations, guidelines, interpretations or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities (whether or not having the force of law), in each case pursuant to Basel III, shall in each case be deemed to be a Change in Law regardless of the date enacted, adopted, issued, promulgated or implemented.

 

  

  

  

 

“Covered Entity” shall mean (a) Borrower, each of Borrower’s Subsidiaries, all Guarantors and all pledgers of Collateral and (b) each Person that, directly or indirectly, is in control of a Person described in clause (a) above.  For purposes of this definition, control of a Person shall mean the direct or indirect (x) ownership of, or power to vote, 25% or more of the issued and outstanding equity interests having ordinary voting power for the election of directors of such Person or other Persons performing similar functions for such Person, or (y) power to direct or cause the direction of the management and policies of such Person whether by ownership of equity interests, contract or otherwise.

 

“FATCA” shall mean Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof.

 

“Law” shall mean any law(s) (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, issued guidance, release, ruling, order, executive order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award of or any settlement arrangement, by agreement, consent or otherwise, with any Governmental Body, foreign or domestic.

 

“Reportable Compliance Event” shall mean that any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained, in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law.

 

“Sanctioned Country” shall mean a country subject to a sanctions program maintained under any Anti-Terrorism Law.

 

  

2

  

 

“Sanctioned Person” shall mean any individual person, group, regime, entity or thing listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person, group, regime, entity or thing, or subject to any limitations or prohibitions (including but not limited to the blocking of property or rejection of transactions), under any Anti-Terrorism Law.

 

“Subordinated Lender” shall mean, collectively, William N. Lampson and Robert Ferguson.

 

“Subordinated Loan” shall mean the loan and Indebtedness evidenced by the [Promissory Note] dated as of August 2, 2013 in the original principal amount of $3,000,000 between Borrower and Subordinated Lender.

 

“Subordination Agreement” shall mean the Subordination Agreement dated August 2, 2013 among Agent, Borrower and Subordinated Lender.”

 

(b)               The definitions of “Anti-Terrorism Laws”, “Maximum Loan Amount”, “Maximum Revolving Advance Amount” and “Other Documents” in Section 1.2 are amended to read as follows:

 

“ “Anti-Terrorism Laws” shall mean any Laws relating to terrorism, trade sanctions programs and embargoes, import/export licensing, money laundering or bribery, and any regulation, order, or directive promulgated, issued or enforced pursuant to such Laws, all as amended, supplemented or replaced from time to time.

 

“Maximum Loan Amount” shall mean $30,000,000.01 less repayments of the Term Loan.

 

“Maximum Revolving Advance Amount” shall mean $18,000,000.

 

“Other Documents” shall mean the Mortgage, the Note, the Questionnaire, the Pledge Agreement, the Secured Subsidiaries Guaranty, any Lender-Provided Interest Rate Hedge, any Letter of Credit Document, the Subordination Agreement and any and all other agreements, instruments and documents, including guaranties, pledges, powers of attorney, consents, interest or currency swap agreements or other similar agreements and all other writings heretofore, now or hereafter executed by any Credit Party and/or delivered to Agent or any Lender in respect of the transactions contemplated by this Agreement.”

 

(c)               The definitions of “Equipment Loans”, “Equipment Note” and “Maximum Equipment Loan Amount” set forth in Section 1.2 are deleted in their entirety and all provisions relating to the Equipment Loan, including, without limitation, Section 2.4(b) are deleted in their entirety.

 

  

3

  

 

(d)               Section 2.2(g) is amended by adding the phrase “including without limitation any Change in Law,” after the word “thereof” and the comma in the second line of the subparagraph.

(e)               Section 3.7(a) is amended by replacing the phrase “, or any change therein or in the interpretation or application thereof,” after the words “Applicable Law” in the first line of the subparagraph with the phrase “or any Change in Law”.

 

(f)                Section 3.9(a) is amended by replacing the phrase “or any change therein” in the second line of the subparagraph with the phrase “or any Change in Law”.

 

(g)               A new Section 3.11(d) is added to read as follows:

 

“(d)            If a payment made to a Lender, Issuer, Participant or Agent under any Document would be subject to U.S. Federal withholding Tax imposed by FATCA if such Person fails to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender, Issuer, Participant or Agent shall deliver to Agent (in the case of a Lender or Issuer) and Borrowers (A) a certification signed by the chief financial officer, principal accounting officer, treasurer or controller of such Person, and (B) other documentation reasonably requested by Agent or Borrowers sufficient for Agent and Borrowers to comply with their obligations under FATCA and to determine that such Lender, Participant, Issuer, or Agent has complied with such applicable reporting requirements.”

 

(h)               Section 5.24 is amended to read as follows:

 

“5.24            Anti-Terrorism Laws.

(a)            Borrower represents and warrants that (i) no Covered Entity is a Sanctioned Person and (ii) no Covered Entity, either in its own right or through any third party, (A) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (B) does business in or with, or derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; or (C) engages in any dealings or transactions prohibited by any Anti-Terrorism Law.

 

  

4

  

 

(b)            Borrower covenants and agrees that (i) no Covered Entity will become a Sanctioned Person, (ii) no Covered Entity, either in its own right or through any third party, will (A) have any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (B) do business in or with, or derive any of its income from investments in or transactions with, any Sanctioned County or Sanctioned Person in violation of any Anti-Terrorism Law; (C) engaged in any dealings or transactions prohibited by any Anti-Terrorism Law or (D) use the Advances to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law, (iii) the funds used to repay the Obligations will not be derived from any unlawful activity, (iv) each Covered Entity shall comply with all Anti-Terrorism Laws and (v) Borrower shall promptly notify Agent in writing upon the occurrence of a Reportable Compliance Event.”

 

(i)                Section 5.25 is deleted in its entirety.

 

(j)                Section 7.8 is amended by (i) deleting the semicolon and the word “and” in subsection (h); (ii) replacing the period in subsection (i) with a semicolon; and (iii) adding a new subsection (j) to read as follows:

“(j)                Indebtedness due under the Subordinated Loan Documentation; and any refinancings of such Indebtedness, provided that in connection with such refinancing: (i) the aggregate principal amount of such Indebtedness is not increased, (ii) the scheduled maturity date of such Indebtedness is not shortened, (iii) the covenants or defaults are not materially more restrictive or more onerous than analogous provisions in the Subordinated Loan Documentation as in effect on the date hereof, and (iv) an intercreditor agreement in form and substance satisfactory to Agent and the Required Lenders shall have been executed and delivered to Agent prior to the consummation of such refinancing (it being agreed that an intercreditor agreement containing terms substantially similar to the terms set forth in the Subordination Agreement will be satisfactory);”.

(k)               Section 7.17 is amended to read as follows:

“7.17.           Prepayment of Indebtedness.

 

At any time, prepay, repurchase, redeem, retire or otherwise acquire, or make any payment on account of any principal of, interest on or premium payable in connection with the prepayment or redemption of any Indebtedness for borrowed money (other than Indebtedness owed to the Lender under this Agreement or the Other Documents), except any such prepayment, repurchase, redemption, retirement or acquisition (i) expressly permitted in the Subordination Agreement or (ii) in connection with the refinancing of Indebtedness in compliance with Section 7.8(j).”

 

  

5

  

 

(l)                Article X is amended by (i) replacing the period at the end of Section 10.17 with a semicolon and the word “or” and (ii) adding a new Section 10.18 to read as follows:

“10.18         Subordinated Loan Default.

An event of default has occurred under the Subordinated Loan Documents, which default shall not have been cured or waived within any applicable grace period or if any Person party to a Subordination Agreement breaches or violates, or attempts to terminate or challenge the validity of, such agreement.”

(m)              Section 15.17 is amended to read as follows:

“15.17        Certifications From Banks and Participants; USA PATRIOT Act.

 

(a)                  Each Lender or assignee or participant of a Lender that is not incorporated under the Laws of the United States of America or a state thereof (and is not excepted from the certification requirement contained in Section 313 of the USA PATRIOT Act and the applicable regulations because it is both (i) an affiliate of a depository institution or foreign bank that maintains a physical presence in the United States or foreign country, and (ii) subject to supervision by a banking authority regulating such affiliated depository institution or foreign bank) shall deliver to Agent the certification, or, if applicable, recertification, certifying that such Lender is not a “shell” and certifying to other matters as required by Section 313 of the USA PATRIOT Act and the applicable regulations: (1) within ten (10) days after the Closing Date, and (2) as such other times as are required under the USA PATRIOT Act.

 

(b)                 The USA PATRIOT Act requires all financial institutions to obtain, verify and record certain information that identifies individuals or business entities which open an “account” with such financial institution. Consequently, Lender may from time to time request, and Borrower shall provide to Lender, Borrower’s name, address, tax identification number and/or such other identifying information as shall be necessary for Lender to comply with the USA PATRIOT Act and any other Anti-Terrorism Law.”

2.              Conditions Precedent.  This Amendment shall be effective as of the date hereof upon satisfaction of each of the following conditions precedent:

 

(a)               the execution of this Amendment by the Borrower, the Required Lenders and the Agent;

 

(b)               the execution by the Borrower of the Third Amended, Restated and Substituted Revolving Credit Note; and

 

(c)               the execution by the Subordinated Lender, the Agent and the Borrower of the Subordination Agreement.

 

  

6

  

 

3.              Representations and Warranties.  The Borrower hereby represents and warrants in connection herewith that as of the date hereof (after giving effect hereto) (i) the representations and warranties set forth in Article V of the Credit Agreement are true and correct in all material respects (except those which expressly relate to an earlier date), and (ii) no Default or Event of Default has occurred and is continuing under the Credit Agreement.

 

4.              Acknowledgments, Affirmations and Agreements.  The Borrower (i) acknowledges and consents to all of the terms and conditions of this Amendment and (ii) affirms all of its obligations under the Credit Agreement and the Other Documents.

 

5.              Credit Agreement.  Except as expressly modified hereby, all of the terms and provisions of the Credit Agreement remain in full force and effect.

 

6.              Expenses.  The Borrower agrees to pay all reasonable costs and expenses in connection with the preparation, execution and delivery of this Amendment, including the reasonable fees and expenses of the Agent’s legal counsel.

 

7.              Counterparts.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original.  It shall not be necessary in making proof of this Amendment to produce or account for more than one such counterpart.

 

8.             Governing Law.  This Amendment shall be deemed to be a contract under, and shall for all purposes be construed in accordance with, the laws of the State of New York.

 

  

7

  

 

IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the date first above written.

 

	
BORROWER:

	
PERMA-FIX ENVIRONMENTAL SERVICES, INC.

	
 

	
 

	
 

	
 

	
By:

	
/s/Ben Naccarato

	
 

	
Name:

	
Ben Naccarato

	
 

	
Title:

	
CFO

	
 

	
 

	
 

	
AGENT AND LENDER:

	
PNC BANK, NATIONAL ASSOCIATION,

	
 

	
in its capacity as Agent and as Lender

	 	 	 
	
 

	
By:

	
/s/Alex M. Council IV

	
 

	
Name:

	
Alex M. Council IV

	
 

	
Title:

	
Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00220-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00220-of-00352.parquet"}]]