Document:

EXHIBIT 10.1

 

LICENSE
AGREEMENT

 

THIS
LICENSE AGREEMENT (this “Agreement”) dated as of October 24, 2014 (the “Effective Date”), is entered into
between Urigen Pharmaceuticals, Inc., a Delaware corporation (“Urigen”),
with a place of business at 501 Silverside Road PMB# 95, Wilmington, Delaware 19809 and IMPRIMIS PHARMACEUTICALS, INC., a Delaware
corporation (“Imprimis”), with a place of business at 12264 El Camino Real, Suite 350, San Diego, California 92130.
The parties hereby agree as follows:

 

1. Definitions.
For the purposes of this Agreement, the following terms shall have the respective meanings set forth below and grammatical
variations of such terms shall have corresponding meanings:

 

1.1 “Affiliate”
shall mean, with respect to any Person, any other Person which directly or indirectly controls, is controlled by, or is under
common control with, such Person. A Person shall be regarded as in control of another Person if it owns, or directly or indirectly
controls, more than fifty percent (50%) of the voting stock or other ownership interest of the other Person, or if it directly
or indirectly possesses the power to direct or cause the direction of the management and policies of the other Person by any means
whatsoever.

 

1.2 “Bad
Debt” shall mean an estimate of accounts receivable deemed uncollectible in each calendar quarter, in accordance with GAAP.

 

1.3 “Conversion
Date” shall mean the date on which the license granted by Urigen to Imprimis under Section 3.1.1 converts from nonexclusive
to exclusive as set forth in Section 3.1.4.

 

1.4 “Diligence
Plan” shall mean the diligence plan for the development and commercialization of Products set forth on Exhibit A, as amended
pursuant to the terms of this Agreement.

 

1.5 “Existing
Sublicensees” shall mean the Third Party sublicensees that are parties to the Existing Sublicenses. Existing Sublicensees
exclude UCSD Pharmacy.

 

1.6 “Existing
Sublicenses” shall mean the agreements listed on Exhibit B. Existing Sublicenses exclude the UCSD Pharmacy Sublicense as
amended pursuant to Sections 3.5.2 and 3.5.3 below.

 

1.7 “FDA”
shall mean the Food and Drug Administration of the United States, or the successor thereto.

 

1.8 “FD&C
Act” shall mean the United States Federal Food, Drug, and Cosmetic Act, as amended (including, without limitation, by the
Drug Quality and Security Act), and the rules and regulations promulgated thereunder.

 

1.9 “Field
of Use” shall mean the prevention or treatment of disorders of the lower urinary tract, defined as the bladder, prostate,
urethra, and related conditions.

 

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1.10 “First
Commercial Sale” shall mean, with respect to any Product, the first sale of such Product to a Third Party.

 

1.11 “Fulfillment
Scope” shall have the meaning set forth in Section 3.5.3.

 

1.12 “GAAP”
shall mean United States generally accepted accounting principles.

 

1.13 “Gross
Sales” shall mean, with respect to any Product, the gross sales price of such Product invoiced, including any applicable
sales, use, value-added and other sales-related direct taxes, in a calendar quarter during the term of this Agreement by Imprimis,
its Affiliates or its or their respective sublicensees to customers who are not Affiliates (or are Affiliates but are the end
users of such Product) prior to any deductions.

 

1.14 “Initial
Product” shall mean a Product containing fifty thousand international units (50,000 iu) of heparin sodium and two hundred
milligrams (200 mg) of alkalinized lidocaine HCl in a final dosage form of twenty milliliters (20 ml).

 

1.15 “Inventions”
shall mean, collectively, the inventions disclosed in UCSD Case Docket Nos. SD2003-049 and SD2004-134 and titled “Novel
Intravesical Therapy For Immediate Symptom Relief And Chronic Therapy In Interstitial Cystitis Patients”.

 

1.16 “Joint
Committee” shall mean the joint committee, comprising representatives of Urigen and Imprimis, described in Section 5.

 

1.17 “Licensed
IP Rights” shall mean, collectively, the Licensed Patent Rights and the Licensed Know-How Rights.

 

1.18 “Licensed
Know-How Rights” shall mean all trade secret and other know-how rights in and to all data, information, compositions and
other technology (including, but not limited to, formulae, procedures, processes, methods, protocols, techniques and results of
experimentation and testing) which are necessary or useful for Imprimis to make, use, develop, sell or market a composition, or
to practice any method or process, at any time claimed or disclosed in any issued patent or pending patent application within
the Licensed Patent Rights or which otherwise relates to the Inventions or derivatives, enhancements, improvements and other modifications
thereof, or methods of manufacture or uses of any of the foregoing that are subject to patents or patent applications that share
common priority date with the patents and patent applications listed on Exhibit C.

 

1.19 “Licensed
Patent Rights” shall mean (a) the patents and patent applications listed on Exhibit C, (b) all patents and patent applications
in the Territory that claim or cover the Inventions, the Products, or derivatives, enhancements, improvements and other modifications
thereof, or methods of manufacture or uses of any of the foregoing, that share common priority date with the patents and patent
applications listed on Exhibit C, in each case, in which Urigen heretofore or hereafter has an ownership or (sub)licensable interest,
(c) all divisions, continuations, continuations-in-part, that claim priority to, or common priority with, the patent applications
described in clauses (a) and (b) above or the patent applications that resulted in the patents described in clauses (a) and (b)
above, (d) all patents that have issued or in the future issue from any of the foregoing described patent applications, including
utility model, and (e) all extensions, supplemental protection certificates, registrations, confirmations, reissues, reexaminations,
inter partes reviews, post-grant reviews, restorations, additions and renewals of or to any of the foregoing described patents.

 

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1.20 “Net
Sales” shall mean, with respect to any Product, the Gross Sales for such Product invoiced in a calendar quarter during the
term of this Agreement by Imprimis, its Affiliates or its or their respective sublicensees to customers who are not Affiliates
(or are Affiliates but are the end users of such Product), less (a) credits, allowances, discounts and rebates to, and chargebacks
from the account of, such customers including those granted to government agencies (i.e. payments made under the “Medicare
Part D Coverage Gap Discount Program” which shall be trued up and reconciled in the ordinary course of business); (b) sales,
use, value-added and other sales-related direct taxes; and (c) an allowance for uncollectible or Bad Debt not to exceed 3% of
Gross Sales for such calendar quarter.

 

1.21 “Person”
shall mean any individual, partnership, firm, corporation, association, trust, unincorporated organization or other entity, as
well as any syndicate or group of any of the foregoing.

 

1.22 “Product”
shall mean services, compositions, products, dosages and formulations comprising both (a) alkalinized lidocaine (or such other
(i) anesthetics, and/or (ii) other active pharmaceutical ingredients that are not claimed or covered by the Licensed Patent Rights,
in each case, that are agreed to by unanimous agreement of all members of the Joint Committee) and (b) heparin, in each case that
are licensed to or dispensed by compounding pharmacies or outsourcing facilities under Section 503A and/or Section 503B of the
FD&C Act.

 

1.23 “Royalty
Period” shall mean, on a Product-by-Product basis, the period of time beginning on the date of the First Commercial Sale
of such Product and continuing during the term for which a Valid Claim remains in effect and would be infringed but for rights
under the Licensed Patent Rights by the make, use, offer for sale, sale or import of such Product.

 

1.24 “Territory”
shall mean the United States of America, its territories and possessions.

 

1.25 “Third
Party” shall mean any Person other than Imprimis, Urigen or their respective Affiliates.

 

1.26 “UCSD”
shall mean The Regents of The University of California, a California corporation having its statewide administrative offices at
1111 Franklin Street, Oakland, California 94607-5200, represented by its San Diego campus.

 

1.27 “UCSD
Pharmacy” shall mean The Regents of the University of California on behalf of the UC San Diego Health System, a compounding
pharmacy having its principal office at 200 West Arbor Avenue, San Diego, California 92103.

 

1.28 “UCSD
License” shall mean the License Agreement, effective as of June 6, 2004, between EGB Advisors, LLC (a predecessor of Urigen)
and UCSD, including the License Agreement entered into on January 18, 2006 between Urigen and UCSD terminating and restating the
aforementioned agreement and any amendments or restatements thereto as of the Effective Date.

 

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1.29 “UCSD
Pharmacy Sublicense” shall mean the formulation and use agreement, made and entered into as of August 4, 2014, between Urigen
and UCSD Pharmacy, a copy of which has been provided by Urigen to Imprimis prior to the Effective Date and as amended pursuant
to Section 3.5.3 below.

 

1.30 “Urigen
In-Licenses” shall mean all agreements (as modified, amended or restated as of the Effective Date), pursuant to which Urigen
or its Affiliates derive any right, title or interest in or to the Licensed IP Rights, including, without limitation, the UCSD
License.

 

1.31 “Urigen
Product” shall mean services, compositions, products and formulations containing alkalinized anesthetic and heparinoid that
are claimed or covered by the Licensed Patent Rights or use the Licensed Know-How Rights.

 

1.32 “Urigen
Product Launch” shall mean First Commercial Sale of a Urigen Product by Urigen, its Affiliates, or a Third Party after the
FDA grants Urigen approval to market such Urigen Product in the Territory for use in the Field.

 

1.33 “Valid
Claim” shall mean either (a) a claim of an issued and unexpired patent included within the Licensed Patent Rights, which
has not been held permanently revoked, unenforceable or invalid by a decision of a court or other governmental agency of competent
jurisdiction, unappealable or unappealed within the time allowed for appeal, and which has not been admitted to be invalid or
unenforceable through reissue or disclaimer or otherwise or (b) a claim of a pending patent application included within the Licensed
Patent Rights, which claim was filed in good faith, has not been pending for more than five (5) years and has not been abandoned
or finally disallowed without the possibility of appeal or refiling of such application.

 

2. Representations
and Warranties

 

2.1 Mutual
Representations and Warranties. Each party hereby represents and warrants to the other party as follows:

 

2.1.1 Such
party is a corporation duly organized, validly existing and in good standing under the laws of the state in which it is incorporated.

 

2.1.2 Such
party (a) has the corporate power and authority and the legal right to enter into this Agreement and to perform its obligations
hereunder, and (b) has taken all necessary corporate action on its part to authorize the execution and delivery of this Agreement
and the performance of its obligations hereunder. This Agreement has been duly executed and delivered on behalf of such party,
and constitutes a legal, valid, binding obligation, enforceable against such party in accordance with its terms.

 

2.1.3 All
necessary consents, approvals and authorizations of all governmental authorities and other Persons required to be obtained by
such party in connection with this Agreement have been obtained.

 

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2.1.4 The
execution and delivery of this Agreement and the performance of such party’s obligations hereunder (a) do not conflict with
or violate any requirement of applicable laws or regulations, and (b) do not conflict with, or constitute a default under, any
contractual obligation of it.

 

2.2 Urigen
Representations and Warranties. Urigen hereby represents and warrants to Imprimis as follows:

 

2.2.1 Urigen
(a) is the sole owner or exclusive licensee of the Licensed IP Rights, (b) except for the Existing Sublicenses and the UCSD Pharmacy
Sublicense, has not granted to any Third Party any license or other interest in the Licensed IP Rights, (c) is not aware of any
Third Party patent, patent application or other intellectual property rights that would be infringed (i) by practicing any process
or method or by making, using or selling any composition which is claimed or disclosed in the Licensed Patent Rights or which
constitutes Licensed Know-How Rights, or (ii) by making, using or selling Products, and (d) other than several individual physicians’
in-office compounding (on a one-off basis), is not aware of any widespread or commercial scale infringement or misappropriation
by a Third Party of the Licensed IP Rights.

 

2.2.2 Urigen
has provided Imprimis with complete and correct copies of all Urigen In-Licenses, and there have been no modifications, amendments
or restatements other than as provided to Imprimis prior to the Effective Date. The Urigen In-Licenses are in full force and effect
in accordance with their terms. After giving effect to this Agreement, there exist no breaches, defaults or events which would
(with the giving of notice, the passage of time or both) give rise to a breach, default or other right to terminate or modify
any Urigen In-License.

 

2.2.3 Urigen
has provided Imprimis with complete and correct copies of all Existing Sublicenses and UCSD Pharmacy Sublicense, and there have
been no modifications, amendments or restatements other than as provided to Imprimis prior to the Effective Date

 

2.3 Imprimis
Representations and Warranties. Imprimis hereby represents and warrants to Urigen as follows:

 

2.3.1 All
Products to be supplied or sold pursuant to this Agreement shall comply with all applicable Federal, State and local regulations,
requirements and/or laws.

 

2.3.2 Imprimis
has full power and authority to execute this Agreement and to perform its obligations hereunder.

 

3. License
Grant.

 

3.1 Licensed
IP Rights.

 

3.1.1 Urigen
hereby grants to Imprimis and its Affiliates a nonexclusive license under the Licensed IP Rights to conduct research and to develop,
make, have made, use, offer for sale, sell and import Products in the Territory for use in the Field. Imprimis or its affiliates
or sublicensee’s shall not sponsor or conduct any clinical work without the prior written approval of Urigen.

 

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3.1.2 If
any patent owned by Imprimis, either directly or through one of its Affiliates, issues from a patent application that has a priority
date after the Effective Date, claims a Urigen Product and is supported by the results of the work performed by Imprimis or its
Affiliates under this Agreement, then Imprimis hereby grants to Urigen, or will cause to be granted by its Affiliates a worldwide,
non-exclusive, irrevocable, royalty-free, freely transferable license under the claims of such issued patent, solely to the extent
they claim a Urigen Product, to develop, make, have made, use, offer for sale, sell and import Urigen Products for use in the
Field.

 

3.1.3 Within
the Territory, Imprimis shall have the right to grant sublicenses under this Agreement consistent with the terms of this Agreement,
subject to Urigen’s prior written consent which shall not be unreasonably withheld, delayed or conditioned. Imprimis shall
provide Urigen with a copy of each executed sublicense agreement and any modifications thereof, along with written certification
that the sublicense is in compliance with the License Agreement. Any authorized sublicenses shall not diminish Imprimis’
obligations under the License Agreement, and Imprimis shall remain primarily liable for such obligations and for any breach of
any provision of this Agreement by its Affiliates or sublicensees. Promptly after the Urigen Product Launch, Imprimis shall terminate
all authorized sublicenses granted under this Agreement. 

 

3.1.4 For
a period commencing on the six (6) month anniversary of the Effective Date, and terminating on the twelve (12) month anniversary
of the Effective Date, Imprimis shall have the right to convert the nonexclusive license granted under Section 3.1.1 to an exclusive
license (with the right to grant sublicenses through multiple tiers) by providing Urigen with written notice to that effect, provided
that such right shall remain nonexclusive solely with respect to the rights granted to UCSD Pharmacy under the UCSD Pharmacy Sublicense.
Subject to Section 3.5, such conversion shall become effective as of the date of such written notice.

 

3.1.5 During
the term of this Agreement, Urigen shall not grant to a Third Party any licenses within the Territory, that would become effective
during the term of this Agreement, related to products that may reasonably be considered competitive to the Products in the Territory
for use in the Field, except as provided in Section 8.2.1(b).

 

3.2 Urigen
In-Licenses. Within the Territory, except for the Existing Sublicenses, Urigen has not transferred or granted, and Urigen
shall not transfer or grant, to any Third Party any license or other interest in the Urigen In-Licenses. Urigen shall timely pay
in full all amounts required to be paid by Urigen, and timely perform in full all obligations required to be performed by Urigen,
under all Urigen In-Licenses. Urigen promptly shall provide Imprimis with copies of all notices and other deliveries received
under the Urigen In-Licenses. Without the prior express written consent of Imprimis (which consent shall not be unreasonably withheld,
delayed or conditioned), Urigen shall not (and shall take no action or make no omission to) modify or waive any provision of any
Urigen In-License that could impair the value of the licenses to Imprimis herein, or to terminate or have terminated any Urigen
In-License. If any Urigen In-License is terminated for any reason, Urigen shall use all commercially reasonable efforts to reinstate
such Urigen In-License. If Urigen is unable to reinstate such license, Urigen shall assist Imprimis using all commercially reasonable
efforts to cause the applicable licensor to grant a direct license under the Licensed IP Rights to Imprimis containing payment
terms and conditions no less favorable to Imprimis than the payment terms and conditions of such Urigen In-License.

 

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3.3 Availability
of the Licensed IP Rights. Urigen shall provide Imprimis with a copy of all information available to Urigen relating to the
Licensed IP Rights and/or Inventions.

 

3.4 Technical
Assistance. For a period of one (1) year following the date of this Agreement, Urigen shall provide such technical assistance
to Imprimis as Imprimis reasonably requests regarding the Licensed IP Rights and/or Inventions. Imprimis shall pay to Urigen its
documented reasonable out-of-pocket costs of providing such technical assistance.

 

3.5 Existing
Sublicenses; UCSD Pharmacy Sublicense.

 

3.5.1 Imprimis
acknowledges the existence of the (a) Existing Sublicenses, and (b) the UCSD Pharmacy Sublicense.

 

3.5.2 Within
the Territory, Urigen shall not (i) grant any rights under the Licensed IP Rights to any Third Parties or amend the Existing Sublicenses
or UCSD Pharmacy Sublicense (except as otherwise expressly set forth in this Agreement), or (ii) consent to a sublicense under
the UCSD Pharmacy Sublicense, in each case, without the prior written consent of Imprimis. Urigen shall assign the Existing Sublicenses
to Imprimis immediately after the Conversion Date, provided, however, that (A) Urigen hereby agrees to be solely and fully responsible
for all liabilities, duties and obligations of Urigen relating to acts, omissions or facts arising prior to such assignment, in,
to and under the Existing Sublicenses, and (B) Urigen promptly shall execute and deliver all such instruments of transfer and
assignment (in such form and substance as reasonably requested by Imprimis) and shall take all such other actions as reasonably
requested by Imprimis to effectuate such assignment.

 

3.5.3 Urigen
shall use commercially reasonable efforts to amend the UCSD Pharmacy Sublicense to limit the scope of rights granted to UCSD Pharmacy
thereunder to the fulfillment of prescriptions from UCSD physicians serving patients at a facility owned or operated by UCSD (“Fulfillment
Scope”), and to effectuate such amendment prior to the six (6) month anniversary of the Effective Date. Urigen shall (a)
use commercially reasonable efforts to ensure that during the term of the UCSD Pharmacy Sublicense UCSD Pharmacy provides Urigen
with an annual certificate of compliance with Sections 503A and 503B of the FD&C Act, and (b) provide Imprimis with copies
of all such certificates within ten (10) days after receipt thereof.

 

4. Royalties
and Milestones.

 

4.1 Royalties.

 

4.1.1 Royalties.
Subject to the terms and conditions of this Agreement, Imprimis shall pay to Urigen royalties for sale of Products during the
applicable Royalty Period equal to (a) the greater of (i) fifty cents ($0.50) per milliliter of such Products, and (ii) twenty
percent (20%) of Net Sales of such Products for said Royalty Period, in each case sold by Imprimis, its Affiliates and its and
their respective sublicensees, until the aggregate Gross Sales price of all Products invoiced by Imprimis, its Affiliates or its
or their respective sublicensees to customers who are not Affiliates (or are Affiliates but are the end users of Products) equals
to fifteen million dollars ($15,000,000), or (b) after Imprimis achieves the fifteen million dollars ($15,000,000) aggregate Gross
Sales price of all Products invoiced by Imprimis as above then Imprimis shall pay for said Royalty Period the greater of (i) fifty
cents ($0.50) per milliliter of such Products, and (ii) fifteen percent (15%) of Net Sales of such Product sold by Imprimis, its
Affiliates and its and their respective sublicensees thereafter. Only one royalty shall be owing for a Product regardless of how
many Valid Claims cover such Product. Imprimis, its Affiliates or its or their respective sublicensees shall have the right to
provide Third Parties with Products as samples free of charge (and therefore, not subject to royalties under this Agreement),
provided, however, that the milliliters of such Products provided as samples shall not exceed ten percent (10%) of the milliliters
of Products sold and invoiced by Imprimis, its Affiliates or its or their respective sublicensees under this Agreement in the
applicable Royalty Period.

 

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4.1.2 Third
Party Royalties. If Imprimis, its Affiliates or its or their respective sublicensees are required to pay royalties to any
Third Party in order to make, have made, use, sell, offer to sale or import Products, then Imprimis shall have the right to credit
fifty percent (50%) of such Third Party royalty payments against the royalties owing to Urigen under Section 4.1.1 with respect
to sales of such Products; provided, however, that Imprimis shall not reduce the amount of the royalties paid to Urigen under
Section 4.1.1 by reason of this Section 4.1.2, with respect to sales of such Products to less than fifty cents ($0.50) per milliliter
of such Products.

 

4.1.3 Combination
Products. In the event that Imprimis, its Affiliates or its or their respective sublicensees sell a Product in the form of
a combination product containing any such Product and other ingredients, such as buffers, diluents, adjuvants (collectively, “Inactive
Ingredients”) and/or containers and delivery devices such as vials, syringes, vented needles and Lofric® catheters (collectively,
“Containers and Devices”) (a “Combination Product”), Net Sales of such Combination Product shall be adjusted
by subtracting from the invoiced sales price of such Combination Product the average sales price for the Inactive Ingredients
and Containers and Devices determined in good faith by Imprimis. Imprimis shall not reduce the amount of the royalties paid to
Urigen under Section 4.1.1 by reason of this Section 4.1.3, with respect to sales of such Products to less than fifty cents ($0.50)
per milliliter of such Products. In the event that Imprimis, its Affiliates or its or their respective sublicensees sell a Product
in the form of a combination product containing any such Product and one or more active pharmaceutical ingredients that are not
claimed or covered by the Licensed Patent Rights (whether combined in a single formulation or package, as applicable, or formulated
or packaged separately but sold together for a single price) as agreed to by unanimous agreement of all members of the Joint Committee,
Net Sales of such Combination Product shall be adjusted to account for such active pharmaceutical ingredients as mutually agreed
in writing by the parties.

 

4.1.4 UCSD
Pharmacy Credit. Imprimis shall have the right to credit the aggregate gross sales price of products invoiced in connection
with the UCSD Pharmacy Sublicense sold after the Conversion Date for use outside of the Fulfillment Scope against royalties owing
by Imprimis to Urigen under Section 4.1.1 and minimum annual royalties owing by Imprimis to Urigen under Section 4.2. Urigen shall
timely provide such information (including, without limitation, royalty report information) and take such further actions as reasonably
necessary to effectuate the foregoing.

 

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4.1.5 True-Up
for Collected Bad Debt. If during a calendar year during the term of this Agreement Imprimis, its Affiliates and its and their
respective sublicenees collect any amount for Bad Debts deducted in calculating royalties for sale of Products during such calendar
year in accordance with Section 4.1.1 and such amount, if collected during the applicable calendar quarter of such calendar year
in which the applicable sales of Products occurred would have reduced the deduction for Bad Debts for such calendar quarter below
three percent (3%), within forty (40) days after the end of such calendar year, Imprimis shall (a) provide to Urigen a “true-up”
calculation to reconcile the Net Sales for such calendar quarter after giving effect to such collection, and (b) if applicable,
pay to Urigen any unpaid royalties owing on the basis of such reconciled Net Sales in accordance with Section 4.1.1.

 

4.2 Minimum
Annual Royalty. Within forty (40) days after the end of each calendar year commencing with the calendar year during which
the Conversion Date occurs and each anniversary thereafter, during the applicable Royalty Period, Imprimis shall pay to Urigen
the following amounts:

 

4.2.1 For
the calendar year during which the Conversion Date occurs, an amount equal to the greater of: (a) one hundred and ten percent
(110%) of the sum of royalties paid by each Existing Sublicensee during the most current twelve (12) months properly reported
by Urigen to Imprimis under Section 4.3 prior to the Conversion Date multiplied by C/12 where C is the number of full calendar
months from the Conversion Date through the end of such calendar year, less royalties already paid by Imprimis to Urigen pursuant
to Section 4.1 for such calendar year; and (b) eight hundred thousand dollars ($800,000) less (i) royalties already paid by Imprimis
to Urigen pursuant to Section 4.1 for such calendar year and (ii) and the sum of royalties paid by each Existing Sublicensee during
such calendar year.

 

4.2.2 For
each calendar year thereafter one hundred and ten percent (110%) of the amount owing during the prior calendar year less royalties
paid by Imprimis to Urigen pursuant to Section 4.1 for such calendar year.

 

4.3 Minimum
Royalty Reports. Within ten (10) business days after the end of each calendar month until the Conversion Date, Urigen shall
use commercially reasonable efforts to deliver to Imprimis a report setting forth the number of prescriptions fulfilled and the
amount of royalties paid by each Existing Sublicensee during such month and the eleven (11) preceding months. Upon written request
by Imprimis, Urigen shall provide Imprimis with such data, information and other materials as reasonably necessary to verify such
amounts.

 

4.4 Royalty
Reports. Within forty (40) days after the end of each calendar quarter during the applicable Royalty Period, Imprimis shall
deliver to Urigen a report setting forth for such calendar quarter (a) the calculation of the applicable royalties due under this
Agreement for the sale of each Product; and (b) the volume of all Product(s) provided to Third Parties. Imprimis shall remit the
total payments due for the sale of Products during such calendar quarter at the time such report is made. No such reports or payments
will be due for any Product before the First Commercial Sale of such Product.

 

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4.5 Payment
Provisions.

 

4.5.1 Payment
Terms. The royalties shown to have accrued by each report provided for under this Section 4 shall be due on the date such
report is due. Payment of royalties in whole or in part may be made in advance of such due date.

 

4.5.2 Withholding
Taxes. Imprimis shall be entitled to deduct the amount of any withholding taxes, value-added taxes or other taxes, levies
or charges with respect to such amounts, other than United States taxes, payable by Imprimis, its Affiliates or its or their respective
sublicensees, or any taxes required to be withheld by Imprimis, its Affiliates or its or their respective sublicensees, to the
extent Imprimis, its Affiliates or its or their respective sublicensees pay to the appropriate governmental authority on behalf
of Urigen such taxes, levies or charges. Imprimis shall use reasonable efforts to minimize any such taxes, levies or charges required
to be withheld on behalf of Urigen by Imprimis, its Affiliates or its or their respective sublicensees. Imprimis promptly shall
deliver to Urigen proof of payment of all such taxes, levies and other charges, together with copies of all communications from
or with such governmental authority with respect thereto.

 

4.6 Audits.

 

4.6.1 Financial
Audits. Upon the written request of Urigen and not more than once in each calendar year, Imprimis shall permit an independent
certified public accounting firm of nationally recognized standing selected by Urigen and reasonably acceptable to Imprimis, at
Urigen’s expense, to have access during normal business hours to such of the financial records of Imprimis or its Affiliates
as may be reasonably necessary to verify the accuracy of the royalty reports hereunder for the eight (8) calendar quarters immediately
prior to the date of such request (other than records for which Urigen has already conducted an audit under this Section. If such
accounting firm concludes that additional amounts were owed during the audited period, Imprimis shall pay such additional amounts
within thirty (30) days after the date Urigen delivers to Imprimis such accounting firm’s written report so concluding.
The fees charged by such accounting firm shall be paid by Urigen; provided, however, if the audit discloses that the royalties
payable by Imprimis for such period are more than one hundred ten percent (110%) of the royalties actually paid for such period,
then Imprimis shall pay the reasonable fees and expenses charged by such accounting firm. Urigen shall cause its accounting firm
to retain all financial information subject to review under this Section 4.6 in strict confidence; provided, however, that Imprimis
shall have the right to require that such accounting firm, prior to conducting such audit, enter into an appropriate non-disclosure
agreement with Imprimis or its Affiliates regarding such financial information. The accounting firm shall disclose to Urigen only
whether the reports are correct or not and the amount of any discrepancy. No other information shall be shared. Urigen shall treat
all such financial information as Imprimis’ confidential information, and shall not disclose such financial information
to any Third Party or use it for any purpose other than as specified in this Section 4.6.

 

4.6.2 Quality
Audits. Imprimis shall permit Urigen or its authorized representative, to conduct inspections and test audits of Imprimis’
and its Affiliate’s facilities, operations and procedures at reasonable time intervals, to the extent necessary to verify
that the quality and performance of the Products produced by Imprimis are in compliance with this Agreement, in each case as mutually
agreed in advance in writing by the parties and subject to standard confidentiality obligations provided by Imprimis.

 

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5. Joint
Committee.

 

5.1 Composition.
The Joint Committee shall comprise two (2) named representatives of Urigen and two (2) named representatives of Imprimis. Each
party shall appoint its representatives to the Joint Committee from time to time, and may substitute one or more of its representatives,
in its sole discretion, effective upon written notice to the other party of such change.

 

5.2 Chairperson.
Imprimis shall designate one of its representatives at the Joint Committee as a chairperson (the “Chairperson”). The
Chairperson shall be responsible for organizing the meetings of the Joint Committee by determining the time, date and place therefor.

 

5.3 Purpose.
The Joint Committee shall be responsible for (a) exchanging information between the parties regarding the Diligence Plan and the
activities conducted by Imprimis thereunder, and (b) except for any Product that is the same as the Initial Product, or any Product
that is substantially similar to the Initial Product (provided that the final dosage of such substantially similar Product is
equal to or greater than twenty milliliters (20ml)), determining the Product as set forth in Section 1.22.

 

5.4 Meetings.
Any member of the Joint Committee may request a meeting of the Joint Committee, provided that, unless otherwise mutually agreed
by the parties, such member shall not have the right to request more than one (1) meeting per calendar quarter. The specific times,
dates and places of such meetings will be determined by the Chairperson. Each party may permit such visitors to a meeting of the
Joint Committee as mutually agreed by the parties prior to such meeting. Each party shall be responsible for its own costs in
connection with the meetings of the Joint Committee.

 

5.5 Joint
Committee Dispute Resolution. Any disagreement arising in the Joint Committee shall be presented to the officer (who shall
be a Vice President or more senior officer) of each party that has primarily oversight responsibility for such party’s activities
under the Collaboration, and such officers shall use good faith efforts to resolve such disagreement. If any such disagreement
is not resolved by such officers within thirty (30) days after first presentation in writing to each of such disagreement, then
such disagreement then shall be presented to the Chief Executive Officers of the parties who shall use good faith efforts to resolve
such disagreement.

 

6. Diligence.
Imprimis shall use commercially reasonable efforts to diligently make, have made, use, have used, provide, have provided and sell
Products in accordance with the terms of the Diligence Plan (attached hereto as Exhibit A), to make the investment into the promotional
efforts relating to the Products as set forth on the Diligence Plan, and to comply with any regulation, including Sections 503A
and 503B of the FD&C Act, to permit sales of the Product in accordance with the terms and conditions of this Agreement. The
parties acknowledge and agree that performance of any activities and achievement of any objectives described in the Diligence
Plan within timelines set forth therein depend on circumstances beyond Imprimis’ control. Therefore, if Imprimis is unable
to achieve such objectives within the applicable timelines, Imprimis shall have the right to, in good faith, modify such timelines
and otherwise account for circumstances beyond Imprimis’ reasonable control. Any other modifications and amendments to the
Diligence Plan shall be subject to the parties’ mutual written agreement.

 

    	11

    	 

    

 

7. Indemnification.

 

7.1 Indemnification.
Each party (the “Indemnifying Party”) shall defend, indemnify and hold the other party (the “Indemnified Party”)
harmless from all losses, liabilities, damages and expenses (including reasonable attorneys’ fees and costs) incurred as
a result of any Third Party claim, demand, action or proceeding to the extent arising out of any breach by the Indemnifying Party
of any representation, warranty or covenant set forth in this Agreement, or the gross negligence or willful misconduct of the
Indemnifying Party in the performance of its obligations under this Agreement.

 

7.2 Procedure.
The Indemnified Party promptly shall notify the Indemnifying Party of any liability or action in respect of which the Indemnified
Party intends to claim such indemnification, and the Indemnifying Party shall have the right to assume the defense thereof with
counsel selected by the Indemnifying Party. The indemnity agreement in this Section 7 shall not apply to amounts paid in settlement
of any loss, claim, damage, liability or action if such settlement is effected without the consent of the Indemnifying Party,
which consent shall not be unreasonably withheld, delayed or conditioned. The failure to deliver notice to the Indemnifying Party
within a reasonable time after the commencement of any such action, if prejudicial to its ability to defend such action, shall
relieve the Indemnifying Party of any liability to the Indemnified Party under this Section 7, but the omission so to deliver
notice to the Indemnifying Party will not relieve it of any liability that it may have to the Indemnified Party otherwise than
under this Section 7. The Indemnified Party under this Section 7, its employees and agents, shall cooperate fully with the Indemnifying
Party and its legal representatives in the investigation and defense of any action, claim or liability covered by this indemnification.

 

8. Term
and Termination.

 

8.1 Term.
This Agreement shall commence on the Effective Date and, unless terminated earlier pursuant to this Section 7, shall continue
in effect until the first to occur of (a) the Urigen Product Launch, and (b) expiration of Imprimis’ obligation to pay royalties
to Urigen under Section 4. The license grant under Section 3.1 shall be effective at all times prior to termination or expiration
of this Agreement. If this Agreement expires pursuant to this Section 8.1(b), Imprimis shall have a fully paid-up, non-exclusive
license under the Licensed Know-How Rights to conduct research and to develop, make, have made, use, sell, offer for sale and
import Products in the Territory for use in the Field.

 

    	12

    	 

    

 

8.2 Termination.

 

8.2.1 Termination
by Imprimis.

 

(a) Except
as otherwise provided in Section 9.4, Imprimis may terminate this Agreement upon or after the breach of any material provision
of this Agreement by Urigen if Urigen has not cured such breach within ninety (90) days after receipt of express written notice
thereof by Imprimis; provided, however, if any default is not capable of being cured within such ninety (90) day period and Urigen
is diligently undertaking to cure such default as soon as commercially feasible thereafter under the circumstances, Imprimis shall
have no right to terminate this Agreement for cause.

 

(b) In
addition to the rights set forth in Section 8.2.1(a) above, Imprimis shall have the right to terminate this Agreement at its option
in its sole discretion upon one hundred eighty (180) days written notice to Urigen. From the time of receipt of written notice
of termination, during the one hundred eighty (180) days prior to termination and thereafter, Urigen shall have the right to enter
into agreements with any Affiliates and/or sublicensees to develop, make, have made, use, sell, offer for sale and import Products
after the expiration of such one hundred eighty (180)-days period on terms and conditions no less favorable than the terms and
conditions set forth in this Agreement.

 

8.2.2 Termination
for Cause by Urigen. Except as otherwise provided in Section 9.4, Urigen may terminate this Agreement upon or after the breach
of any material provision of this Agreement by Imprimis if Imprimis has not cured such breach within ninety (90) days after receipt
of express written notice thereof by Urigen; provided, however, if any default is not capable of being cured within such ninety
(90) day period and Imprimis is diligently undertaking to cure such default as soon as commercially feasible thereafter under
the circumstances, Urigen shall have no right to terminate this Agreement.

 

8.2.3 Termination
caused by Regulatory Mandate. If any state or federal regulatory body, including the FDA, interprets an existing or promulgates
a new rule, law or regulation that prohibits or otherwise materially adversely affects the exercise of rights licensed to Imprimis
under this Agreement, the parties shall use commercially reasonable efforts to take actions and/or amend this Agreement to promptly
and adequately address and account for such rules, laws or regulations. If such actions do not adequately address and account
for such rules, laws or regulations and/or the parties do not mutually agree on terms and conditions of an amendment to this Agreement
that addresses and accounts for such rules, laws or regulations, then either party may terminate this Agreement upon written notice
to the other party.

 

8.3 Effect
of Termination.

 

8.3.1 Effect
of Urigen Product Launch. If the Conversion Date occurs prior to the Urigen Product Launch, Imprimis shall have the option
exercisable on written notice within ninety (90) days after the effective date of termination of this Agreement to become a non-exclusive
distributor of the Urigen Product in the Territory on commercially reasonable and customary terms and conditions for agreements
of this type. After Imprimis exercises such option, the parties shall enter in a mutually acceptable written distribution agreement
consistent with such terms and conditions.

 

    	13

    	 

    

 

8.3.2 Survival.
Sections 4 (solely with respect to outstanding payment obligations as set forth therein), 8 and 9 shall survive termination or
expiration of this Agreement.

 

9. Miscellaneous.

 

9.1 Public
Announcements. Neither party nor its Affiliates shall make any public announcements concerning matters regarding this Agreement
or the negotiation thereof without the prior written consent of the other party unless such disclosure is required by law, in
which case the announcing party shall provide the other party with reasonable notice of such disclosure sufficient to make written
comments concerning such disclosure.

 

9.2 Assignment.
Neither party shall assign its rights or obligations under this Agreement without the prior written consent of the other party;
provided, however, that a party may, without such consent, assign this Agreement and its rights and obligations hereunder (a)
to any Affiliate, or (b) in connection with the transfer or sale of all or substantially all of its business to which this Agreement
relates, or in the event of its merger, consolidation, change in control or similar transaction. Any permitted assignee shall
assume all obligations of its assignor under this Agreement. Any purported assignment in violation of this Section 9.2 shall be
void.

 

9.3 Confidentiality.
Each party hereby agrees, and agrees to cause its Affiliates, stockholders, members, and representatives, to keep (a) the terms
of this Agreement and (b) any non-public, confidential or proprietary information of the other party confidential (collectively,
the “Confidential Information”) and, without limiting its other obligations hereunder, will treat and safeguard such
Confidential Information with the same degree of care with which it treats its own confidential information (but in no less a
reasonable degree of care) and to limit access to such terms to such employees, consultants, representatives and professional
advisors of such party who reasonably require such access in connection with the activities contemplated by this Agreement or
otherwise to administer the terms of this Agreement. To the extent practicable, in the event that a party is required to disclose
the Confidential Information pursuant to any law, regulation, or judicial or administrative directive, such party will promptly
notify the other party in order to allow the other party a reasonable period of time to obtain protective or confidential treatment
of such terms before they are disclosed. Either party may disclose the terms of this Agreement (i) to the extent required, in
the reasonable opinion of such party’s legal counsel, to comply with applicable laws, including, without limitation, the
rules and regulations promulgated by the United States Securities and Exchange Commission; and (ii) in connection with a prospective
acquisition, merger, financing, or license for such party, to prospective acquirers or merger candidates or to existing or potential
investors or licensees, provided that prior to such disclosure each such candidate or investor will agree to be bound by
obligations of confidentiality and non-use at least equivalent in scope to those set forth in this Section 9.3. Each party acknowledges
that it will be impossible to measure in money the damage to the other party if such party fails to comply with the obligations
imposed by this Section 9.3, and that, in the event of any such failure, the non-disclosing party may not have an adequate remedy
at law or in damages. Accordingly, each party agrees that injunctive relief or other equitable remedy, in addition to remedies
at law or damages, is an appropriate remedy for any such failure and will not oppose the granting of such relief on the basis
that the disclosing party has an adequate remedy at law. Each party agrees that it will not seek, and agrees to waive any requirement
for, the securing or posting of a bond in connection with the non-disclosing party seeking or obtaining such equitable relief.

 

    	14

    	 

    

 

9.4 Force
Majeure. Neither party shall be held liable or responsible to the other party nor be deemed to have defaulted under or breached
this Agreement for failure or delay in fulfilling or performing any term of this Agreement to the extent, and for so long as,
such failure or delay is caused by or results from causes beyond the reasonable control of the affected party including but not
limited to fire, floods, embargoes, war, acts of war (whether war be declared or not), acts of terrorism, insurrections, riots,
civil commotions, strikes, lockouts or other labor disturbances, acts of God or acts, omissions or delays in acting by any governmental
authority or the other party.

 

9.5 Severability.
Any provision of this Agreement which is illegal, invalid or unenforceable shall be ineffective to the extent of such illegality,
invalidity or unenforceability, without affecting in any way the remaining provisions hereof.

 

9.6 Governing
Law; Exclusive Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of
California, without regard to the conflicts of law principles thereof.

 

9.7 Entire
Agreement; Amendment. This Agreement and each additional agreement and document to be executed and delivered pursuant hereto
constitute all of the agreements of the parties with respect to, and supersede all prior agreements and understandings relating
to the subject matter of, this Agreement or the transactions contemplated by this Agreement. This Agreement may not be modified
or amended except by a written instrument specifically referring to this Agreement signed by the parties hereto.

 

9.8 Waiver.
No waiver by one party of the other party’s obligations, or of any breach or default hereunder by any other party, shall
be valid or effective, unless such waiver is set forth in writing and is signed by the party giving such waiver; and no such waiver
shall be deemed a waiver of any subsequent breach or default of the same or similar nature or any other breach or default by such
other party.

 

9.9 Notices.
Any consent, notice or report required or permitted to be given or made under this Agreement by a party to the other party shall
be in writing, delivered by any lawful means to such other party at its address indicated below, or to such other address as the
addressee shall have last furnished in writing to the addressor and (except as otherwise provided in this Agreement) shall be
effective upon receipt by the addressee.

 

	 	If
    to Urigen:	Urigen
    Pharmaceuticals, Inc.
	 	 	501
    Silverside Road PMB# 95 
	 	 	Wilmington,
    Delaware 19809
	 	 	Attention:
    Dan Vickery
	 	 	 
	 	If to Imprimis:	Imprimis Pharmaceuticals,
    Inc.
	 	 	12264 El Camino
    Real, Suite 350
	 	 	San Diego, California
    92130
	 	 	Attention: Chief
    Executive Officer

 

9.10 Counterparts.
This Agreement may be executed in separate counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

[Remainder
of Page Intentionally Left Blank]

 

    	15

    	 

    

 

IN
WITNESS WHEREOF, each of Imprimis and Urigen has caused a duly authorized representative to execute this Agreement on the Effective
Date.

 

	Urigen Pharmaceuticals,
    Inc.	 
	 	 	 
	By:	/s/ Dan
    Vickery	 
	Name:	Dan Vickery	 
	Title:	C.E.O	 
	 	 	 
	IMPRIMIS PHARMACEUTICALS, INC.	 
	 	 	 
	By:	/s/ Mark L. Baum	 
	Name:	Mark L. Baum	 
	Title:	C.E.O	 

 

	By:	/s/
    Gary W. Seelhorst	 
	Name:	Gary
    W. Seelhorst	 
	Title:	VP,
    Corporate Development	 

 

[Signature
Page to License Agreement]

 

    	 

    	 

    

 

EXHIBIT
A

 

DILIGENCE
PLAN

 

    	 

    	 

    

 

EXHIBIT
B

 

EXISTING
SUBLICENSES

 

    	 

    	 

    

 

EXHIBIT
C

 

LICENSED
PATENT RIGHTSExhibit 10.3

 

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of August 15, 2014 is by and among KAPSTONE KRAFT PAPER CORPORATION, a Delaware corporation (the “Borrower”), KAPSTONE PAPER AND PACKAGING CORPORATION, a Delaware corporation (the “Parent”), certain subsidiaries of the Parent identified on the signature pages hereto as Guarantors, the Lenders identified on the signature pages hereto and BANK OF AMERICA, N.A., as Administrative Agent (the “Administrative Agent”), Swing Line Lender and L/C Issuer.

 

W I T N E S S E T H

 

WHEREAS, the Borrower, the Parent, the other Guarantors party thereto, the Lenders party thereto, and the Administrative Agent have entered into that certain Amended and Restated Credit Agreement dated as of July 18, 2013 (as amended by the First Amendment to Amended and Restated Credit Agreement dated as of April 2, 2014 and as further amended, restated, modified or supplemented from time to time, the “Credit Agreement”);

 

WHEREAS, the Borrower has requested that the Lenders agree to certain amendments to the Credit Agreement; and

 

WHEREAS, the Lenders are willing to agree to certain amendments to the Credit Agreement subject to the terms and conditions specified in this Agreement;

 

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.                                      Defined Terms.  Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement.

 

2.                                      Amendments.  Subject to the other terms and conditions of this Agreement (including the conditions precedent set forth in Section 3 hereof), the Credit Agreement is hereby amended as follows:

 

(a)                                 The definition of “Securitization Transaction” is hereby amended and restated in its entirety to read as follows:

 

“Securitization Transaction” means any transaction of any Loan Party or any Securitization Entity providing for sales, transfers, conveyances and/or pledges of Receivables that do not provide, directly or indirectly, for recourse against any Loan Party or its Affiliates (other than any Securitization Entity) by way of a guaranty or any other support arrangement, with respect to the amount of such Receivables (based on the financial condition or circumstances of the obligor thereunder), other than such limited recourse as is reasonable given market standards for transactions of a similar type, taking into account such factors as historical bad debt loss experience and obligor concentration levels, including in connection with any servicing of the Receivables subject thereto by any Loan Party.

 

(b)                                 The following definition is hereby added to Section 1.01 of the Credit Agreement in the appropriate alphabetical order:

 

 

“Securitization Entity” means a Wholly Owned Subsidiary of the Borrower which engages in no activities other than the transactions contemplated by a Securitization Transaction and activities reasonably related thereto.

 

(c)                                  Section 6.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

Notify the Administrative Agent promptly upon (a) the formation or acquisition of any direct or indirect Domestic Subsidiary or Foreign Subsidiary or (b) the acquisition or lease of any Material Real Property by an existing Loan Party (or any real property owned or leased by any Loan Party becoming Material Real Property) and, subject to any qualifications set forth in the definition of Permitted Acquisition, promptly and in any event within 30 days of such formation, acquisition  or lease take, and cause each other Loan Party to take, such actions as are necessary or as the Administrative Agent or the Required Lenders may reasonably request from time to time to ensure that the Obligations of each Loan Party under the Loan Documents are secured by substantially all of the assets of the Parent, the Borrower and each Domestic Subsidiary (other than any Securitization Entity) of the Parent (including all Capital Securities of the Borrower and each direct or indirect Domestic Subsidiary and 65% of all Capital Securities of each direct Material Foreign Subsidiary but excluding non-Material Real Property) and guaranteed by each Domestic Subsidiary and Foreign Subsidiary of the Borrower (including any such Subsidiary acquired or created after the Closing Date but excluding any Securitization Entity), except where the guarantee by any such Foreign Subsidiary would be unlawful under applicable law or create material and adverse tax consequences for the Loan Parties, as determined by the Borrower in its commercially reasonable judgment acting in good faith and in consultation with its legal and tax advisors, including (i) the execution and delivery of guaranties, security agreements, pledge agreements, mortgages, deeds of trust, financing statements and other documents, and the filing or recording of any of the foregoing, (ii) the delivery of certificated securities and other Collateral with respect to which perfection is obtained by possession and (iii) the delivery of flood insurance policies acceptable to the Administrative Agent (which will be made available to the Lenders) with respect to any Material Real Property acquired or leased after the Closing Date which is determined to be in a flood zone (and acknowledgments signed by the Loan Party owning or leasing any such properties which are determined to be in a flood zone); provided, however, that with respect to any security interest in any Material Real Property, (A) the Loan Parties shall have an additional 60 days (or such longer period as the Administrative Agent may agree to) to deliver such mortgages, deeds of trust or other documents necessary to obtain such security interest to the extent delivery of such documents cannot otherwise be completed within the allotted time and (B) to the extent such Material Real Property is leased by a Loan Party, the Loan Parties shall only be required to deliver the foregoing Collateral Documents and related items to the extent the same are available after using commercially reasonable efforts.

 

(d)                                 Section 7.05(b)(iv)(B) of the Credit Agreement is hereby amended to add the words “or contribution” immediately following the reference to “the sale”.

 

(e)                                  Section 7.09(c) of the Credit Agreement is hereby amended to add the following parenthetical immediately following the first reference to “of any Subsidiary”:

 

2

 

“(other than any Securitization Entity)”

 

(f)                                   Section 7.11(l) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

(l)                                     Investments made in connection with any Permitted Securitization Transaction and Investments received in connection with any other disposition of assets permitted by Section 7.05; and

 

(g)                                  Section 9.10(a)(ii) is hereby amended and restated in its entirety to read as follows:

 

“(ii) that is disposed or to be disposed as part of or in connection with any disposition permitted hereunder or under any other Loan Document,”

 

3.                                      Conditions Precedent to Effectiveness.  This Agreement shall become effective as of the date hereof upon the satisfaction of the following conditions:

 

(a)                                 Execution of Counterparts of Agreement.  Receipt by the Administrative Agent of counterparts of this Agreement duly executed by the Borrower, the Parent, the other Guarantors, the Administrative Agent and the Required Lenders; and

 

(b)                                 Fees and Expenses.  The payment by the Borrower to the Administrative Agent (or one of its Affiliates) of all reasonable out of pocket costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Agreement (including, without limitation, the reasonable fees and expenses of Moore & Van Allen PLLC, special counsel to the Administrative Agent).

 

4.                                      Representations and Warranties.  Each Loan Party hereby represents and warrants that (a) it is duly authorized to execute and deliver, and perform its obligations under, this Agreement; (b) the execution, delivery and performance by it of this Agreement do not and will not (i) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (ii) conflict with (A) any provision of Law, (B) the charter, by-laws or other organizational documents of any Loan Party or (C) any agreement, indenture, instrument or other document material to the business of any Loan Party, or any judgment, order or decree, which is binding upon any Loan Party or any of their respective properties; (c) the representations and warranties contained in Article V of the Credit Agreement are true and correct in all material respects (except to the extent already qualified by materiality pursuant to the terms thereof) on and as of the date hereof as though made on and as of such date, except for those which expressly relate to an earlier date, in which case they are true and correct in all material respects (except to the extent already qualified by materiality pursuant to the terms thereof) as of such date; and (d) no Default or Event of Default exists under the Credit Agreement on and as of the date hereof and after giving effect to this Agreement, or will occur as a result of the transactions contemplated hereby.

 

5.                                      No Other Changes; Ratification.  Except as expressly modified or waived hereby, all of the terms and provisions of the Credit Agreement (including schedules and exhibits thereto) and the other Loan Documents shall remain in full force and effect.  The term “this Agreement” or “Credit Agreement” and all similar references as used in each of the Loan Documents shall hereafter mean the Credit Agreement as modified by this Agreement.  This Agreement shall constitute a “Loan Document” under, and as defined in, the Credit Agreement.  Except as herein specifically agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.  This Agreement shall be effective only to the extent specifically set forth herein and shall not (i) be construed

 

3

 

as a waiver of any breach or default other than as specifically waived herein nor as a waiver of any breach or default of which the Lenders have not been informed by the Borrower, (ii) affect the right of the Lenders to demand compliance by the Loan Parties with all terms and conditions of the Credit Agreement in all other instances, (iii) be deemed a waiver of any transaction or future action on the part of the Loan Parties requiring the Lenders’ or the Required Lenders’ consent or approval under the Credit Agreement, or (iv) be deemed or construed to be a waiver or release of, or a limitation upon, the Administrative Agent’s or the Lenders’ exercise of any rights or remedies under the Credit Agreement or any other document executed or delivered in connection therewith, whether arising as a consequence of any Event of Default which may now exist or otherwise, all such rights and remedies hereby being expressly reserved.

 

6.                                      Expenses.  The Borrower agrees to pay all reasonable costs and expenses in connection with the preparation, execution and delivery of this Agreement, including without limitation the reasonable fees and expenses of Moore & Van Allen PLLC, special counsel to the Administrative Agent.

 

7.                                      Acknowledgment of Guarantors.  The Guarantors acknowledge and consent to all of the terms and conditions of this Agreement and agree that this Agreement and any documents executed in connection herewith do not operate to reduce or discharge the Guarantors’ obligations under the Credit Agreement or the other Loan Documents.

 

8.                                      Affirmation of Liens. Each Loan Party affirms the liens and security interests created and granted by it in the Loan Documents (including, but not limited to, the Security Agreement) and agrees that this Agreement shall in no manner adversely affect or impair such liens and security interests.

 

9.                                      Counterparts; Facsimile/Email.  This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original and it shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart.  Delivery of an executed counterpart of this Agreement by telecopy or electronic mail by any party hereto shall be effective as such party’s original executed counterpart.

 

10.                               Governing Law.  This Agreement shall be deemed to be a contract made under, and for all purposes shall be construed in accordance with, the laws of the State of New York (including Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New York but otherwise without regard to the conflict of law principles thereof).

 

11.                               Entirety. This Agreement and the other Loan Documents embody the entire agreement between the parties and supersede all prior agreements and understandings, if any, relating to the subject matter hereof.  These Loan Documents represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties.  There are no oral agreements between the parties.

 

[SIGNATURE PAGES FOLLOW]

 

4

 

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

 

	
BORROWER:
    	
KAPSTONE   KRAFT PAPER CORPORATION,
    
	
 
    	
a   Delaware corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Andrea K. Tarbox
    
	
 
    	
Name:   
    	
Andrea   Tarbox
    
	
 
    	
Title:
    	
Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
GUARANTORS:
    	
KAPSTONE   PAPER AND PACKAGING
    
	
 
    	
CORPORATION,   a Delaware corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Andrea K. Tarbox
    
	
 
    	
Name:   
    	
Andrea   Tarbox
    
	
 
    	
Title:
    	
Vice   President and CFO
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
KAPSTONE   CHARLESTON KRAFT LLC,
    
	
 
    	
a   Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Andrea K. Tarbox
    
	
 
    	
Name:   
    	
Andrea   Tarbox
    
	
 
    	
Title:
    	
Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
KAPSTONE   CONTAINER CORPORATION,
    
	
 
    	
a   Georgia corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Andrea K. Tarbox
    
	
 
    	
Name:   
    	
Andrea   Tarbox
    
	
 
    	
Title:
    	
Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
LONGVIEW   FIBRE PAPER AND PACKAGING, INC.,
    
	
 
    	
a   Washington corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Andrea K. Tarbox
    
	
 
    	
Name:   
    	
Andrea   Tarbox
    
	
 
    	
Title:
    	
Treasurer
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
ADMINISTRATIVE
    	
BANK   OF AMERICA, N.A.,
    
	
AGENT:
    	
as   Administrative Agent
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Maria A. McClain
    
	
 
    	
Name:
    	
Maria   A. McClain
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

 

	
 
    	
1st FARM CREDIT SERVICES, PCA,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Corey J. Waldinger
    
	
 
    	
Name:   
    	
Corey   J. Waldinger
    
	
 
    	
Title:
    	
Vice   President, Capital Markets Group
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
AGCHOICE   FARM CREDIT, ACA,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Joshua L. Larock
    
	
 
    	
Name:   
    	
Joshua   L. Larock
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
AGFIRST   FARM CREDIT BANK
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Matthew H. Jeffords
    
	
 
    	
Name:   
    	
Matthew   H. Jeffords
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
MIDATLANTIC   FARM CREDIT, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   William J. Rutter
    
	
 
    	
Name:   
    	
William   J. Rutter
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FIRST   SOUTH FARM CREDIT, ACA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   John W. Hurt
    
	
 
    	
Name:   
    	
John   W. Hurt
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
Farm   Credit of Florida,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Michael W. Zolkos
    
	
 
    	
Name:   
    	
Michael   W. Zolkos
    
	
 
    	
Title:
    	
Cap.   Mkts. Officer
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
AGSTAR   FINANCIAL SERVICES, PCA,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Graham J. Dee
    
	
 
    	
Name:   
    	
Graham   J. Dee
    
	
 
    	
Title:
    	
AVP   Capital Markets
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
AMERICAN   AGCREDIT, PCA,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Michael J. Balok
    
	
 
    	
Name:   
    	
Michael   J. Balok
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FARM   CREDIT WEST, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ben Madonna
    
	
 
    	
Name:   
    	
Ben   Madonna
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
AMERICAN   SAVINGS BANK, F.S.B.,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Rian DuBach
    
	
 
    	
Name:   
    	
Rian   DuBach
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
LENDERS:
    	
BANK   OF AMERICA, N.A.,
    
	
 
    	
as   a Lender, L/C Issuer and Swing Line Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ciara Forrest Bochenek
    
	
 
    	
Name:   
    	
Ciara   Forrest Bochenek
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BARCLAYS   BANK PLC,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Christopher R. Lee
    
	
 
    	
Name:   
    	
CHRISTOPHER   R. LEE
    
	
 
    	
Title:
    	
ASSISTANT   VICE PRESIDENT
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
COMPASS   BANK,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Charles Randolph
    
	
 
    	
Name:   
    	
Charles   Randolph
    
	
 
    	
Title:
    	
Senior   Vice President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BMO   HARRIS BANK, N.A.,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Lauren Lavorato
    
	
 
    	
Name:   
    	
Lauren   Lavorato
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CAPITAL   ONE BUSINESS CREDIT CORP.
    
	
 
    	
(FORMERLY   KNOWN AS CAPITAL ONE
    
	
 
    	
LEVERAGE   FINANCE CORP.),
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ron Walker
    
	
 
    	
Name:   
    	
Ron   Walker
    
	
 
    	
Title:
    	
Senior   Vice President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CITIZENS   BANK, N.A.
    	
,
    
	
 
    	
(formerly   known as RBS Citizens, N.A.)
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   R. Michael Newton
    
	
 
    	
Name:   
    	
R.   Michael Newton
    
	
 
    	
Title:
    	
Senior   Vice President
    
					

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
COBANK,   ACB,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Kyle Weaver
    
	
 
    	
Name:   
    	
Kyle   Weaver
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
NORTHWEST   FARM CREDIT SERVICES, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Jeremy A. Roewe
    
	
 
    	
Name:   
    	
Jeremy   A. Roewe
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FARM   CREDIT EAST, ACA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   James M. Papai
    
	
 
    	
Name:   
    	
James   M. Papai
    
	
 
    	
Title:
    	
Sr.   Vice President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
AMERICAN   AGCREDIT, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Michael J. Balok
    
	
 
    	
Name:   
    	
Michael   J. Balok
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FARM   CREDIT SERVICES SOUTHWEST, PCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   John Barkell
    
	
 
    	
Name:   
    	
John   Barkell
    
	
 
    	
Title:
    	
EVP   – Chief Financial Officer
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
COÖPERATIEVE   CENTRALE RAIFFEISEN-
    
	
 
    	
BOERENLEENBANK   B.A. “RABOBANK 
    
	
 
    	
NEDERLAND”   NEW YORK BRANCH,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bradley Pierce
    
	
 
    	
Name:   
    	
Bradley   Pierce
    
	
 
    	
Title:
    	
Executive   Director
    
	
 
    
	
 
    
	
 
    	
By:
    	
/s/   James Purky
    
	
 
    	
Name:   
    	
James   Purky
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FARM   CREDIT BANK OF TEXAS,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Chris M. Levine
    
	
 
    	
Name:   
    	
Chris   M. Levine
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
LONE   STAR, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Robert Humphreys
    
	
 
    	
Name:   
    	
Robert   Humphreys
    
	
 
    	
Title:
    	
Credit   Office President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FARM   CREDIT SERVICES OF AMERICA, PCA,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bruce Dean
    
	
 
    	
Name:   
    	
Bruce   Dean
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FARM   CREDIT MID-AMERICA, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Roy L. Bennett
    
	
 
    	
Name:   
    	
Roy   L. Bennett
    
	
 
    	
Title:
    	
Senior   Credit Officer
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
UNITED   FCS, FLCA D/B/A FCS COMMERCIAL
   FINANCE GROUP,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Lisa Caswell
    
	
 
    	
Name:   
    	
Lisa   Caswell
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
GREENSTONE   FARM CREDIT SERVICES,
    
	
 
    	
ACA/FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Jeff Pavlik
    
	
 
    	
Name:   
    	
Jeff   Pavlik
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BADGERLAND   FINANCIAL, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Matthew H. Larse
    
	
 
    	
Name:   
    	
Matthew   H. Larse
    
	
 
    	
Title:
    	
VP,   Capital Markets
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CAPITAL   FARM CREDIT, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Jon Hutchinson
    
	
 
    	
Name:   
    	
Jon   Hutchinson
    
	
 
    	
Title:
    	
Vice   President, Senior Credit Officer
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FIFTH   THIRD BANK,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Stephen C. Watts
    
	
 
    	
Name:   
    	
Stephen C. Watts
    
	
 
    	
Title:
    	
VICE   PRESIDENT
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
First   Bank of Highland Park,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Martha McGuire
    
	
 
    	
Name:   
    	
Martha   McGuire
    
	
 
    	
Title:
    	
Senior   Vice President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FIRST   TENNESSEE BANK NATIONAL
    
	
 
    	
ASSOCIATION, as a Lender
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Sharon Shipley
    
	
 
    	
Name:   
    	
Sharon   Shipley
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
THE   HUNTINGTON NATIONAL BANK,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Lori Cummins-Meyer
    
	
 
    	
Name:   
    	
Lori   Cummins-Meyer
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
KEY   BANK NATIONAL ASSOCIATION,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David A. Wild
    
	
 
    	
Name:   
    	
David   A. Wild
    
	
 
    	
Title:
    	
Senior   Vice President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
MANUFACTURERS   BANK,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Sean Walker
    
	
 
    	
Name:   
    	
Sean   Walker
    
	
 
    	
Title:
    	
Senior   Vice President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
THE   NORTHERN TRUST COMPANY,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   M. Scott Randall
    
	
 
    	
Name:   
    	
M.   Scott Randall
    
	
 
    	
Title:
    	
Second   Vice President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
PNC   BANK, NATIONAL ASSOCIATION,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Patrick Flaherty
    
	
 
    	
Name:   
    	
Patrick   Flaherty
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
RAYMOND   JAMES BANK, N.A.,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Scott G. Axelrod
    
	
 
    	
Name:   
    	
Scott   G. Axelrod
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
SUMITOMO   MITSUI BANKING CORPORATION,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Katsuyuki Kubo
    
	
 
    	
Name:   
    	
Katsuyuki   Kubo
    
	
 
    	
Title:
    	
Managing   Director
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
TD   BANK, N.A.,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Michele Dragonetti
    
	
 
    	
Name:   
    	
Michele   Dragonetti
    
	
 
    	
Title:
    	
Senior   Vice President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
THE   PRIVATEBANK AND TRUST COMPANY,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   James Marsh
    
	
 
    	
Name:   
    	
James   Marsh
    
	
 
    	
Title:
    	
Associate   Managing Director
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
U.S.   BANK, NATIONAL ASSOCIATION,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Mary Ann Klemm
    
	
 
    	
Name:   
    	
Mary   Ann Klemm
    
	
 
    	
Title:
    	
Vice   President
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
WELLS   FARGO BANK, NA,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   John Runger
    
	
 
    	
Name:   
    	
John   Runger
    
	
 
    	
Title:
    	
Managing   Director
    
				

 

KAPSTONE KRAFT PAPER CORPORATION

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00236-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00236-of-00352.parquet"}]]