Document:

GUARANTY AGREEMENT

 

This
Guaranty Agreement (as may be amended, restated, or otherwise modified from time to time, “Guaranty Agreement”),
is executed and delivered on April 25, 2017, by each of the guarantors identified on the signature pages hereto (each,
together with its successors and permitted assigns, a “Guarantor” and collectively the “Guarantors”)
in favor of STERLING NATIONAL BANK, a national banking association (in such capacity, together with its successors and assigns,
the “Lender”).

 

Recitals:

 

WHEREAS,
COFFEE HOLDING CO., INC. (“Holding”) and ORGANIC PRODUCTS TRADING COMPANY LLC (“Organic”) (“Holding
and Organic are herein collectively called, together with their successors, “Borrowers” and each is a “Borrower”),
Guarantors, and Lender have entered into that certain Amended and Restated Loan and Security Agreement of even date herewith (as
amended, supplemented, restated or otherwise modified from time to time, the “Loan Agreement”; terms used and
not defined herein shall have the meaning given to such terms in the Loan Agreement), pursuant to which Lender has agreed to make
available to Borrowers a revolving line of credit and to issue Letters of Credit from time to time for the benefit of Borrowers,
all in accordance with and subject to the terms and conditions set forth in the Loan Agreement;

 

WHEREAS,
it is a condition precedent to the Lender’s obligation to make the Loans and advances available to Borrowers under the Loan
Agreement and Lender’s obligation to issue Letters of Credit for the benefit of Borrowers that the Guarantors execute and
deliver to Lender this Guaranty Agreement;

 

WHEREAS,
each Guarantor is a direct or indirect Subsidiary of Holding and have common business interests in the overall facilitation of
the Borrowers’ business;

 

WHEREAS,
each Guarantor has determined that (a) it will directly and indirectly benefit from the availability of extensions of credit to
the Borrowers under the Loan Agreement and from the other transactions evidenced by and contemplated in the Loan Documents, (b)
it will benefit, directly and indirectly, from executing and delivering this Guaranty Agreement, (c) it is in such Guarantor’s
best interest, and within its organizational purpose, to execute and deliver and, if called upon to do so, to perform its obligations
under this Guaranty Agreement, and (d) the execution and delivery of this Guaranty Agreement and the other Loan Documents to which
such Guarantor is a party is necessary or convenient to the conduct, promotion, and attainment of the business of such Guarantor;

 

NOW,
THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, each Guarantor hereby agrees as follows:

 

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1.
Guaranty of Guaranteed Obligations. As an inducement to Lender to make the Loans or otherwise extend credit and other financial
accommodations to Borrowers under the Loan Agreement, each Guarantor, for value received, does hereby unconditionally, irrevocably,
and absolutely guarantee to Lender the prompt and full payment and performance of the following obligations when due, whether
at stated maturity, by acceleration or otherwise (collectively, the “Guaranteed Obligations”): all indebtedness,
liabilities and other obligations now or hereafter owing by Borrowers to Lender under or in connection with the Loan Agreement
and any other Loan Document (including, without limitation, all Obligations as defined thereunder), whether or not evidenced by
any note or other instrument or document, whether arising from or in connection with a loan, extension of credit, issuance of
a letter of credit, acceptance, guaranty, indemnification, or otherwise, whether direct or indirect, absolute or contingent, due
or to become due, primary or secondary, as principal or guarantor, and including all principal, interest, charges, costs, fees,
expenses, including costs, fees and expenses of attorneys employed or engaged by Lender in connection with any of the foregoing,
filing fees, and any other sums chargeable to Borrowers or any Guarantor under this Guaranty Agreement or any of the other Loan
Documents. This Guaranty Agreement is and shall be an absolute, unconditional, irrevocable, and continuing unlimited guaranty
of payment, and not solely of collection. Notwithstanding anything in this Guaranty Agreement to the contrary, the amount of the
Guaranteed Obligations shall be limited to a maximum aggregate amount equal to the largest amount that would not render this Guaranty
Agreement subject to avoidance as a fraudulent transfer or conveyance under any Applicable Laws, after giving effect to all other
liabilities of Guarantors, contingent or otherwise, that are relevant under such laws, and after giving effect to the value, as
assets (as determined under the applicable provisions of such laws), of any rights of Guarantors to contribution, indemnity, and/or
subrogation from any Borrower or any other Person.

 

2.
Representations and Warranties. Each Guarantor hereby represents and warrants to Lender as follows:

 

(a)
Each Guarantor is a Subsidiary of Holding owned directly or indirectly by the same Persons that own Borrowers with operations
that are dependent on Borrowers and Borrowers’ business.

 

(b)
Each Guarantor has received and will receive a direct and indirect material benefit from the transactions evidenced by and contemplated
in the Loan Agreement and the other Loan Documents. The value of the consideration received and to be received by such Guarantor
is reasonably worth at least as much as the liability and obligation of such Guarantor hereunder. This Guaranty Agreement is given
by such Guarantor in furtherance of its direct and indirect business interests.

 

(c)
Such Guarantor is currently informed of the financial condition of each Borrower and of all other circumstances which a diligent
inquiry would reveal and which bear upon the risk of nonpayment of the Guaranteed Obligations. Such Guarantor has read and understands
the terms and conditions of the Loan Documents. Such Guarantor is familiar with, and has had an opportunity to review the books
and records regarding, the financial condition of each Borrower and is familiar with the value of any and all property intended
to be security for the payment of all or any part of the Guaranteed Obligations; provided, that such Guarantor is not relying
on such financial condition or the existence or value of any such security as an inducement to enter into this Guaranty Agreement.
Such Guarantors has adequate means to obtain, on a continuing basis, information concerning the financial condition of each Borrower.
Such Guarantor has not been induced to enter into this Guaranty Agreement on the basis of a contemplation, belief, understanding,
or agreement that any Person other than Borrowers or Guarantors will be liable to pay the Guaranteed Obligations. Lender has not
made any representation, warranty, or statement to such Guarantor in order to induce such Guarantor to execute this Guaranty Agreement.

 

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3.
Covenants. Each Guarantor hereby agrees to comply with each covenant and agreement contained in the Loan Agreement applicable
to it as a Credit Party or Guarantor, as applicable.

 

4.
Obligations Not Impaired. Each Guarantor agrees that its obligations under this Guaranty Agreement shall not be released,
diminished, impaired, reduced, or affected by the occurrence of any one or more of the following events: (a) lack of organizational
authority of any Borrower; (b) any receivership, insolvency, bankruptcy, or other proceedings affecting any Borrower or its property;
(c) partial or total release or discharge of any Borrower or any other Guarantor or other Person from the performance of any obligation
contained in any instrument or agreement evidencing, governing, or securing all or any part of the Guaranteed Obligations, whether
occurring pursuant to any Applicable Law or otherwise; (d) any change in the time, manner, or place of payment of, or in any other
term of, or any increase or decrease in the amount of, all the Guaranteed Obligations, or any portion thereof, or any other amendment
or waiver of any term of, or any consent to departure from any requirement of, any of the Loan Documents; (e) the taking or accepting
of any collateral security for all or any part of the Guaranteed Obligations, this Guaranty Agreement, or any other guaranty;
(f) the taking or accepting of any other guaranty for all or any part of the Guaranteed Obligations; (g) any failure to acquire,
perfect, or continue any security interest or lien on Collateral securing all or any part of the Guaranteed Obligations or on
any property securing this Guaranty Agreement; (h) any exchange, release, or subordination of any security interest or lien on
any Collateral, or any release, amendment, waiver, or subordination of any term of any guaranty of the Guaranteed Obligations
or any other impairment of any collateral security or guaranty now or hereafter securing all or any part of the Guaranteed Obligations;
(i) any failure to dispose of any collateral security at any time securing all or any part of the Guaranteed Obligations or this
Guaranty Agreement in a commercially reasonable manner or as otherwise may be required by any Applicable Law; (j) any merger,
reorganization, consolidation, or dissolution of any Borrower or any other Person at any time liable for any of the Obligations,
any sale, lease, or transfer of any or all of the assets of any Borrower or any other Person at any time liable for any of the
Obligations, or any change in name, business, organization, location, composition, structure, or organization of any Borrower
or any other Person at any time liable for any of the Obligations; (k) any change of control or any other change in the capitalization
or Equity Interest ownership of any Borrower or any other Person at any time liable for any of the Obligations; (l) any invalidity
or unenforceability of or defect or deficiency in any of the Loan Documents or all or any part of the Guaranteed Obligations;
(m) avoidance or subordination of the Guaranteed Obligations, or any portion thereof, (n) the unenforceability of all or any part
of the Guaranteed Obligations against the Borrowers because any interest contracted for, charged, or received in respect of the
Guaranteed Obligations exceeds the amount permitted by any Applicable Law; (o) any waiver, consent, extension, forbearance, or
granting of any indulgence by Lender with respect to the Guaranteed Obligations or any provision of any of the Loan Documents;
(p) any delay in or lack of enforcement of any remedies under the Loan Documents; (q) the act of creating all or any part of the
Guaranteed Obligations is ultra vires, or the officers or other representatives creating all or any part of the Guaranteed Obligations
acted in excess of their authority; (r) any election of remedies by Lender; (s) any of the Loan Documents were forged; (t) the
election by Lender in any proceeding under the Bankruptcy Code of the application of Section 1111(b)(2) thereof; (u) any borrowing
or grant of a security interest by any Borrower as debtor-in-possession, under Section 364 of the Bankruptcy Code; (v) any use
by a Borrower (whether with the consent of Lender or otherwise) of cash collateral during the pendency of any bankruptcy proceeding;
(w) the making of post-petition loans or any other provision for the extension of post-petition credit to any Borrower as debtor-in-possession
in any bankruptcy proceedings; (x) the disallowance in bankruptcy of all or any portion of the claims of Lender for payment of
any of the Guaranteed Obligations; or (y) any other circumstance which might otherwise constitute a legal or equitable discharge
or defense available to any Borrower or any Guarantor (other than that the Guaranteed Obligations shall have been paid and performed
in full).

 

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5.
Consent and Waiver.

 

(a)
Each Guarantor hereby waives: (i) notice of acceptance of this Guaranty Agreement; (ii) notice of any Loans or other financial
accommodations or the creation or existence of any Guaranteed Obligations; (iii) notice of the amount of the Guaranteed Obligations;
(iv) notice of any adverse change in the financial condition of any Borrower or any other Person or of any other fact that might
increase or otherwise change such Guarantor’s risk with respect to the Guaranteed Obligations, any Borrower or any other
Person under or in connection with this Guaranty Agreement; (v) notice of presentment for payment, demand, protest and notice
thereof, notice of intent to accelerate, notice of acceleration, notice of dishonor, diligence or promptness in enforcement, and
indulgences of every kind as to any promissory notes or other instruments; (vi) notice of any of the events or circumstances enumerated
in Section 4, and all other notices and demands to which such Guarantor might otherwise be entitled (except if such notice
is specifically required to be given to such Guarantor hereunder or under any other Loan Documents); (vii) any requirement that
Lender protect, secure, perfect, or insure its security interest and liens on any Collateral or other property as security for
the Guaranteed Obligations or exhaust any right or take any action against Lender or any other Person or any Collateral or any
other property subject to a security interest or lien; (viii) the benefit of any statute of limitation applicable to enforcement
of the Guaranteed Obligations, or any portion thereof, or any security interests or liens in the Collateral or other property
as security for the Guaranteed Obligations or this Guaranty Agreement: or (ix) any other defense of any Borrower or any other
Person (other than that the Guaranteed Obligations shall have been paid and performed in full, or in part, to the extent of any
such partial payment or performance).

 

(b)
Each Guarantor hereby waives and agrees not to assert against Lender, to the extent allowed by any Applicable Law: (i) any defense,
setoff, counterclaim, or claim of any kind or nature available to any Borrower or any other Person against Lender arising directly
or indirectly from the present or future lack of perfection, sufficiency, validity, or enforceability of the Guaranteed Obligations
or any security interest or lien in the Collateral or any other property as security for the Guaranteed Obligations; or (ii) any
right or defense arising by reason of any claim or defense based upon an election of remedies by Lender under any Applicable Law.

 

(c)
Lender shall have the right to seek recourse against any or all Guarantors to the fullest extent provided for herein, and no election
by Lender to proceed in one form of action or proceeding, or against any party, or on any obligation, shall constitute a waiver
of Lender’s right to proceed in any other form of action or proceeding or against other parties unless Lender has expressly
waived such right in writing. Without limiting the foregoing, no action or proceeding by Lender under any document or instrument
evidencing the Guaranteed Obligations shall serve to diminish the liability of any Guarantor under this Guaranty Agreement except
to the extent that Lender finally and unconditionally shall have realized payment in full of the Guaranteed Obligations.

 

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(d)
Each Guarantor waives, and agrees that its liability hereunder shall not be affected by, any neglect, delay, omission, failure,
or refusal of Lender to (i) exercise or properly or diligently exercise any right or remedy with respect to any or all of the
Guaranteed Obligations or the collection thereof or any security interests or liens or other security for or guaranty of the Guaranteed
Obligations, or any portion thereof, (ii) take or prosecute, or properly or diligently take or prosecute, any action for the collection
of any or all of the Guaranteed Obligations against any Borrower, any Guarantor or any other Person in respect of any or all of
the Guaranteed Obligations, (iii) foreclose or prosecute, or properly or diligently foreclose or prosecute, any action in connection
with any agreement, document or instrument or arrangement evidencing, securing, or otherwise affecting all or any part of the
Guaranteed Obligations, or (iv) mitigate damages or take any other action to reduce, collect, or enforce the Guaranteed Obligations;

 

(e)
Lender may at any time, without the consent of or notice to any Guarantor, without incurring responsibility to any Guarantor and
without impairing, releasing, reducing, or affecting the obligations of any Guarantor hereunder: (i) change the manner, place,
or terms of payment of all or any part of the Guaranteed Obligations, or renew, extend, modify, rearrange, refinance, refund,
increase or alter all or any part of the Guaranteed Obligations; (ii) sell, exchange, release, surrender, subordinate, realize
upon, or otherwise deal with in any manner and in any order any Collateral and any security interest or lien securing all or any
part of the Guaranteed Obligations or this Guaranty Agreement or setoff against all or any part of the Guaranteed Obligations;
(iii) neglect, delay, omit, fail, or refuse to take or prosecute any action for the collection of all or any part of the Guaranteed
Obligations or this Guaranty Agreement or to take or prosecute any action in connection with any of the Loan Documents; (iv) exercise
or refrain from exercising any rights against any Borrower or other Person, or otherwise act or refrain from acting; (v) settle
or compromise all or any part of the Guaranteed Obligations and subordinate the payment of all or any part of the Guaranteed Obligations
to the payment of any indebtedness, liabilities, or obligations which may be due or become due to Lender; (vi) release all or
any one or more parties to any one or more of the Loan Documents or grant forbearance or other indulgences to any Borrower or
any other Person in respect thereof; (vii) amend or modify in any manner and at any time (or from time to time) any of the Loan
Documents; or (viii) partially or fully release or substitute any Guarantor, or enforce, exchange, release, or waive any security
for the Guaranteed Obligations, or any portion thereof; (ix) bring suit against any and all Persons liable or obligated in respect
of the Guaranteed Obligations, collectively together, jointly and severally or separately, and apply any amounts obtained by Lender
in such manner as Lender may elect, subject to the Loan Documents; and (x) apply to the Guaranteed Obligations any sums paid to
Lender by any Borrower, any Guarantor or any other Person as provided by the Loan Documents.

 

(f)
Should Lender seek to enforce this Guaranty Agreement by action in any court or otherwise, each Guarantor waives any requirement,
substantive or procedural, that (i) rights or remedies be enforced first against any Borrower or any other Person liable for all
or any part of the Guaranteed Obligations, including, without limitation, that a judgment first be rendered against such Borrower
or any such Person, or that such Borrower or any such Person should be joined in such cause or (ii) enforcement shall first be
made against any Collateral or other property which shall ever have been given to secure all or any part of the Guaranteed Obligations
or this Guaranty Agreement.

 

(g)
No Guarantor’s obligations under this Guaranty Agreement shall be impaired by any action, if any, which results in the denial
or impairment of any right to seek a deficiency against any Borrower.

 

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(h)
Each Guarantor agrees that it has the sole responsibility for keeping itself informed of the financial condition of Borrowers
and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations or any part thereof, and Lender
shall not have any obligation or duty to advise such Guarantor of information known to it regarding such condition or any such
circumstance.

 

(i)
Each Guarantor consents and agrees that Lender shall not have any obligation to marshal assets securing the Guaranteed Obligations
in favor of such Guarantor.

 

(j)
Lender may, at any time and from time to time in its discretion (subject to the Loan Agreement) and with or without valuable consideration,
allow substitution or withdrawal of Collateral or other security and release Collateral or other security without impairing or
diminishing the indebtedness, liabilities, or obligations of such Guarantor under this Guaranty Agreement.

 

(k)
Any determination by a court of competent jurisdiction of the amount of any principal and/or interest or other amount constituting
any of the Guaranteed Obligations shall be conclusive and binding on each Guarantor irrespective of whether such Guarantor was
a party to the suit or action in which such determination was made.

 

6.
Default. Upon the occurrence and during the continuation of an Event of Default, each Guarantor agrees to pay to Lender,
at its office located in New York, N.Y., or at such other place as Lender may specify to such Guarantor in writing, on demand
by Lender and without further notice of dishonor and without notice of any kind to any Borrower, any Guarantor, or any other Person,
the full unpaid amount of the Guaranteed Obligations, in immediately available funds, or such lesser amount, if any, as may then
be due and payable and demanded by Lender from time to time. If acceleration of the time for payment of any amount payable by
Borrowers under or with respect to any of the Guaranteed Obligations is stayed or otherwise delayed upon the insolvency, bankruptcy,
or reorganization of any Borrower, all such amounts otherwise subject to acceleration under the terms of the Guaranteed Obligations
shall nonetheless be payable by Guarantors hereunder promptly on demand by Lender, each Guarantor expressly and unconditionally
agrees to make such payment to Lender in full.

 

7.
No Waiver. No failure on the part of Lender to exercise, and no forbearance, delay or omission by Lender in exercising,
any right or remedy hereunder shall impair such right or remedy or operate or be construed as a waiver thereof or any acquiescence
therein, nor shall any single or partial exercise of any right or remedy hereunder preclude any other or further exercise thereof
or the exercise of any other right or remedy hereunder.

 

8.
Notice of Sale. In the event that Guarantors are entitled to receive any notice under the UCC, as it exists in the state
governing any such notice, of the sale or other disposition of any Collateral or other property securing all or any part of the
Guaranteed Obligations or this Guaranty Agreement, it is agreed that at least ten (10) days’ notice to Guarantors of the
time and place of any public sale, or the time after which any private sale or other disposition may be made of any such Collateral
or other property, shall be deemed to be reasonable notice in conformity with such requirements.

 

9.
Payment by Guarantor. Whenever any Guarantor pays any sum which is or may become due under this Guaranty Agreement, written
notice must be delivered to Lender contemporaneously with such payment.

 

10.
Binding Effect. This Guaranty Agreement is for the benefit of Lender, and its successors and assigns, and in the event
of an assignment by Lender (in accordance with the terms of the Loan Agreement) of the Guaranteed Obligations, or any part thereof,
the rights and benefits hereunder, to the extent applicable to the indebtedness, liabilities, and obligations so assigned, shall
be deemed transferred with such indebtedness, liabilities, and obligations without necessity of further express action. This Guaranty
Agreement is binding upon each Guarantor and its successors and assigns.

 

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11.
Subordination of Indebtedness and Liens. The payment of any and all principal of and interest on all Debt of any Borrower
to any Guarantor, whether direct, indirect, fixed, contingent, liquidated, unliquidated, joint, several, or joint and several,
now or hereafter existing, due or to become due to such Guarantor under any and all circumstances, including, without limitation,
any rights of subrogation of such Guarantor in respect of any payment by such Guarantor under this Guaranty Agreement (herein
called the “Subordinated Debt”), shall in all respects be subordinate and junior in right of payment and enforcement
to the prior payment and enforcement in full of the Guaranteed Obligations as provided in this Section. Except to the extent,
if any, as may be expressly permitted by the Loan Agreement, no payment shall be made on or with respect to the Subordinated Debt
unless and until the Guaranteed Obligations shall have been paid and performed in full. In the event that any Guarantor shall
receive any payment on account of the Subordinated Debt in violation of this Section, such Guarantor will hold, or cause to be
held (as the case may be), any amount so received in trust for the benefit of Lender and will forthwith deliver, or cause to be
delivered (as the case may be), such payment to Lender, in the form received, to be applied to the Guaranteed Obligations. All
security interests and liens, if any, at any time securing payment of all or any part of the Subordinated Debt (herein called
the “Subordinated Liens”) shall be and remain inferior and subordinate to the security interests and liens
securing payment of all or any part of the Guaranteed Obligations, regardless of whether such Subordinated Liens presently exist
or are hereafter created or when such Subordinated Liens were created, perfected, filed, or recorded (provided that the
foregoing shall not be interpreted or deemed to allow the existence of any security interests or liens that are prohibited by
the Loan Documents). No Guarantor shall exercise or enforce any creditors’ rights or remedies that it may have against any
Borrower, or foreclose, repossess, sequester, or otherwise institute any action or proceeding (whether judicial or otherwise,
including, without limitation, the commencement of, or joinder in, any bankruptcy, insolvency, reorganization, liquidation, receivership,
or other debtor relief law) to enforce the Subordinated Debt or any Subordinated Lien on any assets of any Borrower unless and
until the Guaranteed Obligations shall have been paid and performed in full. The terms and provisions of this Section are given
by Guarantors as additional rights and benefits to any and all other subordination agreements heretofore, concurrently herewith,
or hereafter executed by any Guarantor to or in favor of Lender, and nothing in this Guaranty Agreement shall be deemed to in
any way negate or replace any other such previous, concurrent, or subsequent subordination agreements.

 

12.
Right of Offset. Each Guarantor hereby grants to Lender right of offset to secure the payment of the Guaranteed Obligations
and such Guarantor’s obligations and liabilities hereunder, which right of offset shall be upon any and all monies, securities
and other property (and the proceeds therefrom) of such Guarantor now or hereafter held or received by or in transit to Lender
from or for the account of such Guarantor, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and
also upon any and all deposits (general or special), credits and claims of such Guarantor at any time existing against Lender.
Upon the occurrence of any Event of Default, Lender is hereby authorized at any time and from time to time, without notice to
any Guarantor, to offset, appropriate and apply any and all items hereinabove referred to against the Guaranteed Obligations and
such Guarantor’s obligations and liabilities hereunder irrespective of whether or not Lender shall have made any demand
under this Guaranty Agreement and although such obligations and liabilities may be contingent or unmatured. Lender agrees promptly
to notify Guarantors after any such offset and application made by Lender, provided that the failure to give such notice shall
not affect the validity of such offset and application. The rights of Lender under this section are in addition to, and shall
not be limited by, any other rights and remedies (including other rights of offset) which Lender may have.

 

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13.
Invalid Provisions. If any provision of this Guaranty Agreement is held to be illegal, invalid, or unenforceable under
present or future laws effective during the term hereof, such provision shall be fully severable, this Guaranty Agreement shall
be construed and enforced as if such illegal, invalid, or unenforceable provision was not a part hereof, and the remaining provisions
hereof shall remain in full force and effect and shall not be affected by the illegal, invalid, or unenforceable provision or
by its severance herefrom. Notwithstanding any language to the contrary contained herein, no provision herein or in any other
Loan Document evidencing the Guaranteed Obligations shall require the payment or permit the collection of interest in excess of
the maximum permitted by any Applicable Law.

 

14.
Modification in Writing. No modification, consent, amendment, or waiver of any provision of this Guaranty Agreement, and
no consent to any departure by any Guarantor herefrom, shall be effective unless the same shall be in writing and signed by a
duly authorized officer of Lender and, as to any modification or amendment, such Guarantor, and then shall be effective only in
the specific instance and for the specific purpose for which given.

 

15.
Limited Effect of Notices; Consents. No notice to or demand on, or consent by, any Guarantor in any case shall, of itself,
entitle any Guarantor to any other or further notice or demand, or right to grant or refuse consent, in similar or other circumstances.

 

16.
Cumulative Rights. All rights and remedies of Lender under this Guaranty Agreement are cumulative of each other and of
every other right or remedy which Lender may otherwise have under any applicable law or under any other agreement.

 

17.
Expenses. Each Guarantor agrees, jointly and severally, to pay on demand all reasonable costs and expenses incurred by
Lender in connection with the negotiation, preparation, execution, and performance of this Guaranty Agreement and any and all
amendments, modifications, renewals, restatements, and/or supplements hereto from time to time, including, without limitation,
reasonable attorneys’ fees. If a Guarantor should breach or fail to perform any provision of this Guaranty Agreement, the
Guarantors agree to pay to Lender all reasonable costs and expenses incurred by Lender in the enforcement of this Guaranty Agreement
from time to time, including, without limitation, reasonable attorneys’ fees.

 

18.
Limitation of Liability. Notwithstanding anything in this Agreement to the contrary, the liability of each Guarantor hereunder
shall be limited to the maximum amount of liability that can be incurred without rendering this Guaranty Agreement, as it relates
to each Guarantor, voidable under Applicable Law relating to fraudulent transfer or fraudulent conveyance, and not for any greater
amount.

 

19.
Governing Law; Venue; WAIVER OF JURY TRIAL.

 

(a)
THIS GUARANTY AGREEMENT HAS BEEN EXECUTED OR COMPLETED AND/OR IS TO BE PERFORMED IN NEW YORK, AND IT AND ALL TRANSACTIONS HEREUNDER
OR PURSUANT HERETO SHALL BE GOVERNED AS TO INTERPRETATION, VALIDITY, EFFECT, RIGHTS, DUTIES AND REMEDIES OF THE PARTIES HEREUNDER
AND IN ALL RESPECTS BY THE LAWS OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW.

 

(b)
EACH GUARANTOR HEREBY IRREVOCABLY SUBMITS ITSELF TO THE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN NEW YORK COUNTY,
ROCKLAND COUNTY OR WESTCHESTER COUNTY, NEW YORK AND AGREES AND CONSENTS THAT SERVICE OF PROCESS MAY BE MADE UPON IT IN ANY LEGAL
PROCEEDING RELATING TO THIS GUARANTY AGREEMENT OR ANY OTHER RELATIONSHIP BETWEEN LENDER AND SUCH GUARANTOR BY ANY MEANS ALLOWED
UNDER STATE OR FEDERAL LAW. ANY LEGAL PROCEEDING ARISING OUT OF OR IN ANY WAY RELATED TO THIS GUARANTY AGREEMENT OR ANY OTHER
RELATIONSHIP BETWEEN LENDER AND ANY GUARANTOR MAY BE BROUGHT AND LITIGATED IN ANY ONE OF THE STATE OR FEDERAL COURTS LOCATED IN
NEW YORK COUNTY, ROCKLAND COUNTY OR WESTCHESTER COUNTY, NEW YORK HAVING JURISDICTION. THE PARTIES HERETO HEREBY WAIVE AND AGREE
NOT TO ASSERT, BY WAY OF MOTION, AS A DEFENSE OR OTHERWISE, THAT ANY SUCH PROCEEDING IS BROUGHT IN AN INCONVENIENT FORUM OR THAT
THE VENUE THEREOF IS IMPROPER.

 

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(c)
EACH GUARANTOR (AND LENDER, BY ITS ACCEPTANCE OF THIS GUARANTY AGREEMENT) HEREBY (i) IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT
NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY AT ANY TIME
ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS GUARANTY AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR ASSOCIATED HEREWITH;
(ii) IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH LITIGATION
ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES; (iii) CERTIFIES
THAT NO PARTY HERETO NOR ANY REPRESENTATIVE OR AGENT OR COUNSEL FOR ANY PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
OR IMPLIED THAT SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS; AND (D) ACKNOWLEDGES
THAT IT HAS BEEN INDUCED TO ENTER INTO THIS GUARANTY AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION.

 

20.
Notices. All notices or demands by any party relating to this Guaranty Agreement shall be given as set forth in the Loan
Agreement and to the address set forth herein as to the Guarantors.

 

21.
Survival. All representations, warranties, covenants, and agreements of Guarantors in this Guaranty Agreement shall survive
the execution of this Guaranty Agreement.

 

22.
Counterparts. This Guaranty Agreement may be executed in any number of counterparts and a telecopy or other electronic
transmission of any such executed counterpart shall be deemed valid as an original.

 

23.
FINAL AGREEMENT. THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES
HERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES HERETO.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES HERETO.

 

REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK

 

    	GUARANTY AGREEMENT (Coffee Holding) - Page 9 

    	 

    

 

IN
WITNESS WHEREOF, each of the undersigned Guarantors has executed this Guaranty Agreement as of the effective date specified in
the introductory paragraph hereinabove.

 

	 	GUARANTORS:
	 	 	 
	 	SONOFRESCO,
    LLC
	 	 
	 	By:	/s/
    Andrew Gordon 
	 	Name:	Andrew
    Gordon                        
	 	Title:	President 
	 	 	 
	.	COMFORT
    FOODS, INC
	 	 	 
	 	By:	/s/
    Andrew Gordon
	 	Name:	Andrew
    Gordon
	 	Title:	President
	 	 	 
	 	Address:

                                                                                3475
                                         Victory Blvd.

                                                                                Staten
                                         Island, N.Y. 10314 

 

    	 GUARANTY AGREEMENT (Coffee Holding) - Signature PageExhibit

US EMPLOYEE – 3-Year Vesting

RESTRICTED STOCK UNIT AGREEMENT

AGREEMENT by and between KBR, Inc., a Delaware corporation (the “Company”), and ________________ (“Employee”) made effective as of ____________________ (the “Grant Date”).
1.Grant of Restricted Stock Units.
(a)    Units.  Pursuant to the KBR, Inc. 2006 Stock and Incentive Plan, as amended and restated (the “Plan”), units evidencing the right to receive __________ shares of the Company’s common stock (“Stock”), are awarded to Employee, subject to the conditions of the Plan and this Agreement (the “Restricted Stock Units”). 
(b)    Plan Incorporated.  Employee acknowledges receipt of a copy of the Plan, and agrees that this award of Restricted Stock Units shall be subject to all of the terms and conditions set forth in the Plan, including future amendments thereto, if any, pursuant to the terms thereof, which is incorporated herein by reference as a part of this Agreement.  Except as defined herein, capitalized terms shall have the same meanings ascribed to them under the Plan.
2.Terms of Restricted Stock Units.  Employee hereby accepts the Restricted Stock Units and agrees with respect thereto as follows:
(a)    Forfeiture of Restricted Stock Units.  In the event of termination of Employee’s employment with the Company or any employing Subsidiary of the Company for any reason other than (i) death or (ii) disability (disability being defined as being physically or mentally incapable of performing either the Employee’s usual duties as an Employee or any other duties as an Employee that the Company reasonably makes available and such condition is likely to remain continuously and permanently, as determined by the Company or employing Subsidiary), or except as otherwise provided in the second and third sentences of subparagraph (c) of this Paragraph 2, Employee shall, for no consideration, forfeit all Restricted Stock Units to the extent they are not fully vested.
(b)    Assignment of Award.  The Restricted Stock Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of unless transferable by will or the laws of descent and distribution or pursuant to a “qualified domestic relations order” as defined by the U.S. Internal Revenue Code (the “Code”).
(c)    Vesting Schedule.  The Restricted Stock Units shall vest in accordance with the following schedule provided that Employee has been continuously employed by the Company from the date of this Agreement through the applicable vesting date:

1

US EMPLOYEE – 3-Year Vesting

	
		
	Vesting Date
	Vested Percentage of Total Number
of Restricted Stock Units

	1st Anniversary of Grant Date
	33 1⁄3%

	2nd Anniversary of Grant Date
	66 2⁄3%

	3rd Anniversary of Grant Date
	100%

Notwithstanding the foregoing, unless otherwise provided in an Other Agreement pursuant to Paragraph 8, the Restricted Stock Units shall become fully vested on the earliest of (i) the occurrence of your Involuntary Termination or termination for Good Reason within two years following a Corporate Change (as such terms are defined in the Plan) or (ii) the date Employee’s employment with the Company is terminated by reason of death or disability (as determined above).  In the event Employee’s employment is terminated for any other reason, including retirement with the approval of (A) the Committee if Employee is a “senior executive of the Company” (as defined below) or (B) the Company’s Chief Executive Officer (the “CEO”) if Employee is not a senior executive of the Company, the Committee (or its delegate, as appropriate) or, in the event of retirement of an Employee who is not a senior executive of the Company, the CEO, as applicable, may, in the Committee’s (or such delegate’s) or the CEO’s, as applicable, sole discretion, approve the acceleration of the vesting of any or all Restricted Stock Units that have not yet been forfeited and which are still outstanding and subject to restrictions, such vesting acceleration to be effective on the date of such approval or Employee’s termination date, if later.  Notwithstanding the foregoing, in no event shall the Restricted Stock Units become fully vested prior to the expiration of one month from the Grant Date.  “Senior executive” for purposes of this Agreement shall mean (i) the CEO and (ii) any regular, full-time employee of the Company or an affiliate who (A) is an officer of the Company required to file reports with the Securities and Exchange Commission under Section 16 of the Securities Exchange Act of 1934, (B) is an officer of the Company who reports directly to the CEO, (C) is the Chief Accounting Officer of the Company, or (D) is the highest ranking management position (with at least a title of Director or above) with direct oversight over internal audits of the Company.

(d)    Stockholder Rights.  Employee shall have no rights of a stockholder with respect to shares of Stock subject to this Award unless and until such time as the Award has been settled by the transfer of shares of Stock to Employee, except that Employee shall have the right to receive payments equal to the dividends or distributions declared or paid on a share of Stock at the same time as those dividends or distributions are paid to holders of Stock.
(e)    Payment for Vested Restricted Stock Units.  Payment for vested Restricted Stock Units shall be made as soon as administratively practicable after vesting, but in no event later than thirty days after the vesting date.  Settlement will be made in the form of shares of Stock equal in number to the number of Restricted Stock Units with respect to which payment is being made on the applicable date; provided, however, that payment for a vested Restricted Stock Unit shall be made at the time provided above solely in cash (in lieu of in the form of a share of Stock) in an amount equal to the Fair Market Value as of the vesting date of such Restricted Stock Unit if there are an insufficient number of shares 

2

US EMPLOYEE – 3-Year Vesting

available for delivery under the Plan at the time of such settlement as determined by the Committee or its delegate in the Committee’s or such delegate’s sole discretion.  Notwithstanding the foregoing, the Company shall not be obligated to deliver any shares of Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Stock is listed or quoted.
(f)    Recovery of Benefits.  The Company shall seek recovery of any benefits provided hereunder to Employee if such recovery is required by any clawback policy adopted by the Company, which may be amended from time to time, including, but not limited to, any clawback policy adopted to satisfy the minimum clawback requirements adopted under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and the regulations thereunder or any other applicable law.
3.Withholding of Tax.  The Committee may make such provisions as it may deem appropriate for the withholding of any taxes which it determines is required in connection with this Award.  Unless the Committee provides otherwise, to the extent this Award is settled in shares of Stock, the Company shall reduce the number of shares of Stock that would have otherwise been delivered to Employee by a number of shares of Stock having a Fair Market Value equal to the amount required to be withheld.
4.Employment Relationship.  For purposes of this Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of the Company, a Parent Corporation or Subsidiary of the Company, or a corporation or a Parent Corporation or subsidiary of such corporation assuming or substituting a new award for this Award.  Without limiting the scope of the preceding sentence, it is expressly provided that Employee shall be considered to have terminated employment with the Company at the time of the termination of the “Subsidiary” status under the Plan of the entity or other organization that employs Employee.  Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee, or its delegate, as appropriate, and its determination shall be final.
5.Committee’s Powers.  No provision contained in this Agreement shall in any way terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the Committee or, to the extent delegated, in its delegate pursuant to the terms of the Plan or resolutions adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and elections with respect to the Restricted Stock Units.
6.Binding Effect.  This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under Employee.
7.Compliance with Law.  Notwithstanding any other provision of the Plan or this Agreement, unless there is an available exemption from any registration, qualification or other legal requirement applicable to the shares of Stock, the Company shall not be required to deliver 

3

US EMPLOYEE – 3-Year Vesting

any shares issuable upon settlement of the Restricted Stock Units prior to the completion of any registration or qualification of the shares under any local, state, federal or foreign securities or exchange control law or under rulings or regulations of the U.S. Securities and Exchange Commission (“SEC”) or of any other governmental regulatory body, or prior to obtaining any approval or other clearance from any local, state, federal or foreign governmental agency, which registration, qualification or approval the Company shall, in its absolute discretion, deem necessary or advisable.  Employee understands that the Company is under no obligation to register or qualify the shares with the SEC or any state or foreign securities commission or to seek approval or clearance from any governmental authority for the issuance or sale of the shares.  Further, Employee agrees that the Company shall have unilateral authority to amend the Plan and the Agreement without Employee's consent to the extent necessary to comply with securities or other laws applicable to issuance of shares.
8.Other Agreements.  The terms of this Agreement shall be subject to, and shall not modify, the terms and conditions of any employment, severance, and/or change-in-control agreement between the Company (or a Subsidiary) and Employee concerning equity-based awards (“Other Agreement”), except that, notwithstanding anything in such Other Agreement to the contrary, any normal retirement age of 65 or other retirement-based vesting provisions in such Other Agreement shall be of no force or effect for purposes of the vesting of these Restricted Stock Units.
9.Governing Law and Venue.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas, U.S.A., except to the extent that it implicates matters that are the subject of the General Corporation Law of the State of Delaware, which matters shall be governed by the latter law notwithstanding any conflicts of laws principles that may be applied or invoked directing the application of the laws of another jurisdiction.  Exclusive venue for any action, lawsuit or other proceedings brought to enforce this Agreement, relating to it or arising from it, or dispute resolution proceeding arising hereunder for any claim or dispute, the parties hereby submit to and consent to the sole and exclusive jurisdiction of Houston, Harris County, Texas, notwithstanding any conflicts of laws principles that may direct the jurisdiction of any other court, venue, or forum, including the jurisdiction of Employee’s home country.
10.Section 409A.  Notwithstanding anything in this Agreement to the contrary, if any provision in this Agreement would result in the imposition of an applicable tax under Section 409A of the Code and related regulations and United States Department of the Treasury pronouncements (“Section 409A”), that provision will be reformed to avoid imposition of the applicable tax and no action taken to comply with Section 409A shall be deemed to adversely affect Employee’s rights under this Agreement.
[Signatures on the following page.]

4

US EMPLOYEE – 3-Year Vesting

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer thereunto duly authorized, and Employee has executed this Agreement, all as of the date first above written.

KBR, INC.
           
By:     

Name: Stuart J. B. Bradie    
Title: President and CEO    

EMPLOYEE:

    

Date:    

5

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