Document:

exv10w1

Exhibit 10.1

AMENDMENT NO. 2 TO LOAN AGREEMENT

     This Amendment No. 2 (this “Amendment”) dated as of July 31, 2009, is between Bank of America,
N.A. (the “Bank”) and Calavo Growers, Inc., a California corporation (together, the “Borrower”).

RECITALS

     A. The Bank and the Borrower entered into a certain Business Loan Agreement
dated as of October 15, 2007 (together with any previous amendments, the
“Agreement”).

     B. The Bank and the Borrower desire to amend the Agreement.

AGREEMENT

     1. Definitions. Capitalized terms used but not defined in this Amendment shall have
the meaning given to them in the Agreement.

     2. Amendments. The Agreement is hereby amended as follows:

     2.1 Section 1.1(a) of the Agreement is amended and restated as
follows:

	 	(a)	 	During the availability period described below,
the Bank will provide a line of credit to the Borrower. The amount of
the line of credit (the “Commitment”) is $15,000,000.

     2.2 The first sentence of Section 1.2 is amended and restated as
follows:

1.2 Availability Period. The line of credit is available between
the date of this Agreement and July 1, 2011 or such earlier date as the
availability may terminate as provided in this Agreement (the “Expiration
Date”).

     2.3 Section 1.4 of the Agreement is amended and restated as follows:

1.4 Interest Rate.

	 	(a)	 	The interest rate is a rate per year
equal to the sum of (i) the greater of the BBA LIBOR Daily Floating
Rate or the Index Floor, plus (ii) 1.00 percentage point. For the
purposes of this paragraph, “index Floor” means 1.00 percentage point.

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	 	(b)	 	The BBA LIBOR Daily Floating Rate is a fluctuating rate of interest
which can change on each banking day. The rate will be adjusted on each banking
day to equal the British Bankers Association LIBOR Rate (“BBA LIBOR”) for U.S.
Dollar deposits for delivery on the date in question for a one month term
beginning on that date. The Bank will use the BBA LIBOR Rate as published by
Reuters (or other commercially available source providing quotations of BBA LIBOR
as selected by the Bank from time to time) as determined at approximately 11:00
a.m. London time two (2) London Banking Days prior to the date in question, as
adjusted from time to time in the Bank’s sole discretion for reserve
requirements, deposit insurance assessment rates and other regulatory costs. If
such rate is not available at such time for any reason, then the rate will be
determined by such alternate method as reasonably selected by the Bank. A “London
Banking Day” is a day on which banks in London are open for business and dealing
In offshore dollars.

     2.4 Section 1.5 of the Agreement is amended and restated as follows:

1.5 Optional interest Rates.

Instead of the interest rate based on the rate stated in the paragraph entitled “Interest
Rate” above, the Borrower may elect the optional interest rates listed below for this
Commitment during interest periods agreed to by the Bank and the Borrower. The optional
interest rates shall be subject to the terms and conditions described later in this
Agreement. Any principal amount bearing interest at an optional rate under this Agreement
is referred to as a “Portion.” The following optional interest rates are available:

	 	(a)	 	The sum of (i) the greater of the LIBOR Rate or the Index Floor,
plus (ii) 1.00 percentage point. For the purposes of this paragraph, “Index Floor”
means 1.00 percentage point.

	 	2.5	 	Sections 2.2 and 2.3 of the Agreement are amended and restated
as follows:

2.2 LlBOR Rate.

The election of LIBOR Rates shall be subject to the following terms and
requirements:

	 	(a)	 	The interest period during which the LIBOR Rate will be in effect will be
one or two weeks, or one, two, three, four, five, six, seven, eight, nine,
ten, eleven, or twelve months. The first day of the interest period must
be a day other than a Saturday or a Sunday on which banks are open for
business in New York and London and dealing in offshore dollars (a
“LIBOR Banking Day”). The last day of the interest period and the actual
number of days during the interest period will be determined by the Bank
using the practices of the London inter-bank market.
	 
	 	(b)	 	Each LIBOR Rate Portion will be for an amount not less than One
Hundred Thousand Dollars ($100,000).
	 
	 	(c)	 	The “LIBOR Rate” means the interest rate determined by the following
formula. (All amounts in the calculation will be determined by the Bank
as of the first day of the interest period.)

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	 	LIBOR Rate =
	 	London Inter-Bank Offered Rate
	 	 
	 

	 	 	 	(1.00 - Reserve Percentage)	 	 

Where,

	 	(i)	 	“London Inter-Bank Offered Rate” means, for any applicable
interest period, the rate per annum equal to the British Bankers Association
LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially
available source providing quotations of BBA LIBOR as selected by the Bank from
time to time) at approximately 11:00 a.m. London time two (2) London Banking
Days before the commencement of the interest period, for U.S. Dollar deposits
(for delivery on the first day of such interest period) with a term equivalent
to such interest period. If such rate is not available at such time for any
reason, then the rate for that interest period will be determined by such
alternate method as reasonably selected by the Bank. A “London Banking Day” is
a day on which banks in London are open for business and dealing in offshore
dollars.
	 
	 	(ii)	 	“Reserve Percentage” means the total of the maximum reserve
percentages for determining the reserves to be maintained by member banks of the
Federal Reserve System for Eurocurrency Liabilities, as defined in Federal Reserve
Board Regulation D, rounded upward to the nearest 1/100 of one percent. The
percentage will be expressed as a decimal, and will include, but not be limited to,
marginal, emergency, supplemental, special, and other reserve percentages.

	 	(d)	 	The Borrower shall irrevocably request a LIBOR Rate Portion no later
than 12:00 noon California time on the LIBOR Banking Day preceding
the day on which the London Inter-Bank Offered Rate will be set, as
specified above. For example, if there are no intervening holidays or
weekend days in any of the relevant locations, the request must be made
at least three days before the LIBOR Rate takes effect.
	 
	 	(e)	 	The Bank will have no obligation to accept an election for a LIBOR Rate
Portion if any of the following described events has occurred and is
continuing:

	 	(i)	 	Dollar deposits in the principal amount, and for periods equal to the
interest period, of a LIBOR Rate Portion are not available in the London
inter-bank market; or
	 
	 	(ii)	 	the LIBOR Rate does not accurately reflect the cost of a LIBOR Rate
Portion.

	 	(f)	 	Each prepayment of a LIBOR Rate Portion, whether voluntary, by reason
of acceleration or otherwise, will be accompanied by the amount of
accrued interest on the amount prepaid and a prepayment fee as
described below. A “prepayment” is a payment of an amount on a date
earlier than the scheduled payment date for such amount as required by
this Agreement.
	 
	 	(g)	 	The prepayment fee shall be in an amount sufficient to compensate the
Bank for any loss, cost or expense incurred by it as a result of the
prepayment, including any loss of anticipated profits and any loss or
expense arising from the liquidation or reemployment of funds obtained

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	 	 	 	by it to maintain such Portion or from fees payable to terminate the
deposits from which such funds were obtained. The Borrower shall also
pay any customary administrative fees charged by the Bank in
connection with the foregoing. For purposes of this paragraph, the
Bank shall be deemed to have funded each Portion by a matching
deposit or other borrowing in the applicable interbank market,
whether or not such Portion was in fact so funded.

          2.6 Section 3.1(a) of the Agreement is amended by replacing the
phrase “0.15% per year” with the phrase “0.375% per year.”

          2.7 Section 4.6 of the Agreement is amended by replacing the phrase
“2.0 percentage point(s)” with the phrase “6.0 percentage points”.

          2.8 Section 7.19 of the Agreement is amended and restated as follows:

7.19 Tangible Net Worth. Prior to October 31, 2010, to maintain
on a consolidated basis Tangible Net Worth equal to at least Fifty-Nine
Million Dollars ($59,000,000) and, on and after October 31, 2010, to
maintain on a consolidated basis Tangible Net Worth equal to at least
Sixty-Four Million Dollars ($64,000,000), in each case, measured on a
quarterly basis.

“Tangible Net Worth” means the value of total assets (Including
leaseholds and leasehold improvements and reserves against assets but
excluding goodwill, patents, trademarks, trade names, organization
expense, unamortized debt discount and expense, capitalized or
deferred research and development costs, deferred marketing expenses,
and other like intangibles, and monies due from affiliates, officers,
directors, employees, shareholders, members or managers) less total
liabilities, including but not limited to accrued and deferred income
taxes, but excluding the non-current portion of Subordinated
Liabilities.

“Subordinated Liabilities” means liabilities subordinated to the
Borrower’s obligations to the Bank in a manner acceptable to the Bank
in its sole discretion.

          2.9 Section 7.21 of the Agreement is amended and restated as
follows:

7.21 Funded Debt to EBITDA Ratio.

To maintain on a consolidated basis a ratio of Funded Debt to EBITDA
not exceeding 3.00:1.0.

“Funded Debt” means all outstanding liabilities for borrowed money and other
interest-bearing liabilities, including current and long term debt, less the
non-current portion of Subordinated Liabilities.

“EBITDA” means net income, less income or plus loss from discontinued
operations and extraordinary items, plus income taxes, plus interest
expense, plus depreciation, depletion, and amortization. This ratio will be
calculated at the end of each reporting period for which the Bank requires
financial statements, using the results of the twelve-month period ending
with that reporting period.

“Subordinated Liabilities” means liabilities subordinated to the Borrower’s
obligations to the Bank in a manner acceptable to the Bank in its sole
discretion.

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     3. Representations and Warranties. When the Borrower signs this
Amendment, the Borrower represents and warrants to the Bank that: (a) there is no
event which is, or with notice or lapse of time or both would be, a default under the
Agreement except those events, if any, that have been disclosed in writing to the Bank
or waived in writing by the Bank, (b) the representations and warranties in the
Agreement are true as of the date of this Amendment as if made on the date of this
Amendment, (c) this Amendment does not conflict with any law, agreement, or
obligation by which the Borrower is bound, and (d) if the Borrower is a business entity or
a trust, this Amendment is within the Borrower’s powers, has been duly authorized, and
does not conflict with any of the Borrower’s organizational papers.

     4. Conditions. This Amendment will be effective when the Bank receives the
following items, in form and content acceptable to the Bank:

     4.1 A copy of this Amendment executed by Borrower.

     4.2 If the Borrower or any guarantor is anything other than a natural
person, evidence that the execution, delivery and performance by the Borrower
and/or such guarantor of this Amendment and any instrument or agreement
required under this Amendment have been duly authorized.

     4.3 Payment by the Borrower of all costs, expenses and attorneys’ fees
(including allocated costs for in-house legal services) incurred by the Bank in
connection with this Amendment.

     5. Effect of Amendment. Except as provided in this Amendment, all of the terms
and conditions of the Agreement shall remain in full force and effect.

     6. Counterparts. This Amendment may be executed in counterparts, each of
which when so executed shall be deemed an original, but all such counterparts together
shall constitute but one and the same instrument.

     7. FINAL AGREEMENT. BY SIGNING THIS DOCUMENT EACH PARTY
REPRESENTS AND AGREES THAT: (A) THIS DOCUMENT REPRESENTS THE
FINAL AGREEMENT BETWEEN PARTIES WITH RESPECT TO THE SUBJECT
MATTER HEREOF, (B) THIS DOCUMENT SUPERSEDES ANY COMMITMENT
LETTER, TERM SHEET OR OTHER WRITTEN OUTLINE OF TERMS AND
CONDITIONS RELATING TO THE SUBJECT MATTER HEREOF, UNLESS SUCH
COMMITMENT LETTER, TERM SHEET OR OTHER WRITTEN OUTLINE OF TERMS
AND CONDITIONS EXPRESSLY PROVIDES TO THE CONTRARY, (C) THERE ARE
NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES, AND (D) THIS
DOCUMENT MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OR
UNDERSTANDINGS OF THE PARTIES.

[Balance of page intentionally left blank.]

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     This Amendment is executed as of the date stated at the beginning of this Amendment.

	 	 	 	 	 
	Bank of America, N.A.	 	 
	 
	 	 	 	 
	By

	 	/s/ Renee Gordon
 

	 	 
	Name: Renee Gordon	 	 
	Title: Assistant Vice President	 	 

Borrower: Calavo Growers, Inc., a California corporation

	 	 	 	 	 
	By

	 	/s/ James Snyder
 

	 	 
	Name: James Snyder	 	 
	Title: Corporate Controller	 	 

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Exhibit 10.3

AMENDMENT OF LEASE

     THIS AGREEMENT OF LEASE (this “Amendment”), made this 22nd day of May, 2009 between
the REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA, a Pennsylvania
nonprofit corporation having its principal office in the City of Pittsburgh, Allegheny County,
Pennsylvania (the “Landlord”), and TOLLGRADE COMMUNICATIONS, INC., a Pennsylvania corporation (the
“Tenant”).

     WHEREAS, the parties hereto previously entered into a Lease, dated August 31, 2005, as
extended by the Renewal Notice letter dated December 14, 2006 (collectively, the “Original Lease”),
for occupancy of the 111,600 square foot building known as Harmar Industrial Manor, 493 Nixon Road,
Cheswick, Pennsylvania 15024 (the “Premises”) in the County of Allegheny, Pennsylvania; the
Original Lease, as amended by this Amendment, is hereinafter referred to as the “Lease”; and

     WHEREAS, the parties hereto desire to amend and extend the Original Lease as hereinafter set
forth;

     NOW, THEREFORE, in consideration of the mutual covenants and agreements herein and in the
Original Lease contained and intending to be legally bound hereby, the parties hereto agree as
follows:

	 	1.	 	The foregoing preamble clauses are incorporated herein by reference thereto.
	 
	 	2.	 	Section 3, Term, of the Original Lease is amended to extend the
term of the Original Lease on the same terms and conditions set forth in the Original
Lease, except to the extent set forth in this Amendment. The new extended term (the
“Extended Term”, which, together with the Term as defined in the Original Lease, shall
be hereafter collectively known as the “Term”) shall begin July 1, 2009, continue for a
period of nine (9) months, and terminate on March 31, 2010. Notwithstanding the
above, Landlord reserves the right, by providing written notice to 

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	 	 	 	Tenant no later than
May 31, 2009, to reduce the Extended Term to a period of six (6) months, in which event
the Lease shall terminate on December 31, 2009.

	 	3.	 	Section 3, Term, of the Original Lease is amended to add the following
new paragraph to Section 3.1.1:

“Provided Landlord has not exercised its right to reduce the Extended Term to
six (6) months (as described in paragraph 2 above) nor have a prospect for the
Premises, Tenant shall have the right to provide Landlord with a minimum of
ninety (90) days prior written notice of its desire to remain in occupancy of
the Premises beyond the termination date of March 31, 2010. During the sixty
(60) day period following the Landlord’s receipt of such written notice from
Tenant, the parties shall endeavor to reach an agreement on the terms and
conditions under which the Landlord would be willing to further extend the Term
of the Lease. If, using commercially reasonable efforts, an agreement is not
reached during such 60-day period, then the Lease shall terminate upon the date
defined herein and be of no further force or effect, unless the parties
otherwise agree in writing.”

	 	4.	 	Section 3.3, Holdover, of the Original Lease is hereby deleted in its
entirety and replaced with the following:

“Tenant shall have no right to occupy the Premises beyond the expiration date
of the Extended Term without the express written consent of Landlord. Should
Tenant continue to occupy the Premises beyond the expiration of the Extended
Term without the express written consent of the Landlord, Tenant shall be
obligated to pay monthly rent at 150% of the then current Base Rent being paid
by Tenant immediately prior to the commencement of the hold over (for
avoidance of doubt, Base Rent would then be $52,312.50 per month). Landlord
retains all its rights and remedies under the Original Lease and under Law to
prosecute Tenant for its unlawful holding over. Notwithstanding the above, in
no event shall Holdover, whether with or without consent of Landlord, exceed a
period of sixty (60) days beyond the expiration of the Extended Term. In the
event of Holdover by the Tenant, Landlord shall have the right to demand
Tenant vacate the Premises within thirty (30) days after receipt of written
notice by Landlord.”

	 	5.	 	Section 4, Base Rent, of the Original Lease shall reflect that
monthly Base Rent amount during the approved Extended Term shall be at the then current
rate being paid by Tenant immediately prior to the commencement of the Extended Term.
	 
	 	6.	 	The terms and provisions of this Amendment shall modify and supersede all
inconsistent terms and provisions of the Original Lease and shall not be deemed to be a
consent to the 

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	 	 	 	modification or waiver of any other term or condition of the Original
Lease. Except as amended hereby, all other terms and conditions of the Original Lease
shall remain unchanged and in full force and effect. Each capitalized term used as a defined term in this Amendment
but not otherwise defined in this Amendment shall have the same meaning ascribed to such
term in the Original Lease.

	 	7.	 	The Lease sets forth the entire agreement between the parties with respect to
the matters set forth herein. There have been no additional oral or written
representations or agreements. This Amendment shall not be deemed to grant any right
to Tenant to further extend the Original Lease, except as otherwise set forth therein
	 
	 	8.	 	This Amendment be executed in any number of counterparts, and by each of the
parties on separate counterparts, each of which, when so executed, shall be deemed an
original, but all of which shall constitute but one and the same instrument.

BALANCE OF PAGE INTENTIONALLY LEFT BLANK

[SIGNATURE PAGE TO FOLLOW]

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment of Lease to be duly executed
the day and year first above written.

	 	 	 	 	 	 	 
	Attest:

	 	 	 	REGIONAL INDUSTRIAL DEVELOPMENT

CORPORATION OF SOUTHWESTERN

PENNSYLVANIA
	 	 
	 
	 	 	 	 	 	 
	/s/ Colleen B. Poremski

	 	By
	 	/s/ Donald F. Smith	 	 
	 

	 	 	 	 	 	 
	Colleen B. Poremski, Corp Secretary

	 	 	 	Donald F. Smith, Jr., President	 	 
	 
	 	 	 	 	 	 
	(Corporate Seal)
	 	 	 	 	 	 
	 
	 	 	 	 	 	 

	 	 	 	 	 	 	 
	Attest:

	 	 	 	TOLLGRADE COMMUNICATIONS, INC.
	 	 
	 
	 	 	 	 	 	 
	/s/ Jennifer M. Reinke

	 	By
	 	/s/ Joseph A. Ferrara	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title: Chairman, CEO and President	 	 
	 
	 	 	 	 	 	 
	(Corporate Seal)
	 	 	 	 	 	 

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