Document:

exhibit102.htm

Exhibit 10.2

 

 

THIRD AMENDMENT

TO

THE SECOND AMENDED AND RESTATED

RECEIVABLES PURCHASE AGREEMENT

 

This THIRD AMENDMENT TO THE SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of June 26, 2012, is entered into by and among the following parties:

 

	
  

	
(i)

	
ANR RECEIVABLES FUNDING, LLC, a Delaware limited liability company (the “Seller”);

 

	
  

	
(ii)

	
ALPHA NATURAL RESOURCES, LLC, a Delaware limited liability company, as Servicer (the “Servicer”);

 

	
  

	
(iii)

	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Related Committed Purchaser, as an LC Participant and as a Purchaser Agent;

 

	
  

	
(iv)

	
MARKET STREET FUNDING LLC, a Delaware limited liability company, as a Related Committed Purchaser and as a Conduit Purchaser; and

 

	
  

	
(v)

	
PNC BANK, NATIONAL ASSOCIATION, as LC Bank, as an LC Participant, as a Purchaser Agent and as Administrator.

 

  

  

  

 

Capitalized terms used but not otherwise defined herein (including such terms used in the foregoing preamble) have the respective meanings assigned thereto in the Receivables Purchase Agreement defined below.

 

BACKGROUND

 

1. The parties hereto have entered into that certain Second Amended and Restated Receivables Purchase Agreement, dated as of October 19, 2011 (as amended, restated, supplemented or otherwise modified through the date hereof, the “Receivables Purchase Agreement”).

 

2. The parties hereto desire to amend the Receivables Purchase Agreement as set forth herein.

 

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

 

SECTION 1. Amendments to the Receivables Purchase Agreement.  The Receivables Purchase Agreement is hereby amended as follows:

 

1.1 Section 4.3 of the Receivables Purchase Agreement is amended by replacing the phrase “Upon the occurrence and during the continuance of a Termination Event” where it appears in the second sentence of such Section with the phrase “Upon the occurrence and during the continuance of a Termination Event or an Unmatured Termination Event”.

 

  

  

  

 

1.2 The following defined terms and definitions thereof are added to Exhibit I of the Receivables Purchase Agreement in appropriate alphabetical order:

 

“Leverage Ratio” has the meaning assigned to such term in the Credit Agreement, as amended by Amendment No.1 thereto dated as of June 26, 2012, but without giving effect to any other amendment, supplement, modification or waiver of such definition (or any defined term used directly or indirectly in such definition) to which the Administrator, the LC Bank and each of the Majority LC Participants and Majority Purchaser Agents have not consented in writing.

 

“Monthly Information Package” means a report, in substantially the form of Annex A-1 to this Agreement, furnished by or on behalf of the Servicer to the Administrator and each Purchaser Agent pursuant to the Agreement, reflective of the Receivables Pool as of the end of the most recently completed calendar month.

 

“Senior Secured Leverage Ratio” has the meaning assigned to such term in the Credit Agreement, as amended by Amendment No.1 thereto dated as of June 26, 2012, but without giving effect to any other amendment, supplement, modification or waiver of such definition (or any defined term used directly or indirectly in such definition) to which the Administrator, the LC Bank and each of the Majority LC Participants and Majority Purchaser Agents have not consented in writing.

 

“Weekly Information Package” means a report, in substantially the form of Annex A-2 to this Agreement, furnished by or on behalf of the Servicer to the Administrator and each Purchaser Agent pursuant to the Agreement, reflective of the Receivables Pool as of the end of business on the most recent Friday.

 

1.3 The definition of “Information Package” set forth in Exhibit I of the Receivables Purchase Agreement is replaced in its entirety with the following:

 

“Information Package” means each Monthly Information Package and each Weekly Information Package.

 

  

  

  

 

1.4 Section 1(a)(ii) in Exhibit IV of the Receivables Purchase Agreement is replaced in its entirety with the following:

 

(ii)           Information Packages.  (A) As soon as available and in any event not later than two Business Days prior to the Settlement Date, a Monthly Information Package as of the most recently completed calendar month, and (B) if required pursuant to the following proviso, not later than the second Business Day of each week, a Weekly Information Package as of the end of business on the most recent Friday; provided, that the Administrator or any Purchaser Agent may, in the exercise of reasonable commercial discretion (including, without limitation, following a material degradation of the financial condition or creditworthiness of the Performance Guarantor or the occurrence of an Unmatured Termination Event), by ten days’ prior written notice to the Seller and the Servicer, require the Seller and the Servicer to deliver Weekly Information Packages on a weekly basis pursuant to clause (B) above and Section 2(a)(i) of this Exhibit IV.

 

1.5 Section 2(a)(i) in Exhibit IV of the Receivables Purchase Agreement is replaced in its entirety with the following:

 

(ii)           Information Packages.  (A) As soon as available and in any event not later than two Business Days prior to the Settlement Date, a Monthly Information Package as of the most recently completed calendar month, and (B) if required pursuant to the following proviso, not later than the second Business Day of each week, a Weekly Information Package as of the end of business on the most recent Friday; provided, that the Administrator or any Purchaser Agent may, in the exercise of reasonable commercial discretion (including, without limitation, following a material degradation of the financial condition or creditworthiness of the Performance Guarantor or the occurrence of an Unmatured Termination Event), by ten days’ prior written notice to the Seller and the Servicer, require the Seller and the Servicer to deliver Weekly Information Packages on a weekly basis pursuant to clause (B) above and Section 1(a)(ii) of this Exhibit IV.

 

  

  

  

 

1.6 Clause (m) in the list of Termination Events set forth in Exhibit V of the Receivables Purchase Agreement is replaced in its entirety with the following:

 

(m)           the Performance Guarantor’s Senior Secured Leverage Ratio as of the last day of any fiscal quarter ending during the period beginning on (and including) June 30, 2012 and ending on (and including) December 31, 2014 shall exceed 2.50 : 1.00; or

 

1.7 The following new clause (n) is added to the list of Termination Events set forth in Exhibit V of the Receivables Purchase Agreement:

 

(n)           the Performance Guarantor’s Leverage Ratio as of the last day of any fiscal quarter ending on the dates set forth below shall exceed the corresponding ratio set forth below for such fiscal quarter:

 

	
Fiscal Quarter Ending

	
Leverage Ratio

	
March 31, 2015

	
4.25 : 1.00

	
June 30, 2015

	
4.00 : 1.00

	
September 30, 2015 and thereafter

	
3.75 : 1.00

 

 

  

  

  

 

1.8 The form of Information Package attached as Annex A of the Receivables Purchase Agreement prior to giving effect to this Amendment shall hereafter constitute Annex A-1 of the Receivables Purchase Agreement, and Annex A-2 attached to this Amendment shall hereafter constitute Annex A-2 of the Receivables Purchase Agreement.

 

SECTION 2. Representations and Warranties.  Each of the Seller and the Servicer hereby represents and warrants to the Administrator, each Purchaser and each Purchaser Agent as follows:

 

(a) Representations and Warranties.  Both before and immediately after giving effect to this Amendment, the representations and warranties made by such Person under the Transaction Documents are true and correct as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations or warranties were true and correct as of such earlier date).

 

(b) Enforceability.  The execution and delivery by such Person of this Amendment, and the performance of each of its obligations under this Amendment and the other Transaction Documents to which such Person is a party, as amended hereby, are within each of its organizational powers and have been duly authorized by all necessary organizational action on its part.  This Amendment and the other Transaction Documents to which such Person is a party, as amended hereby, are such Person’s valid and legally binding obligations, enforceable in accordance with its terms.

 

(c) No Default. Both before and immediately after giving effect to this Amendment and the transactions contemplated hereby, (i) no Termination Event or Unmatured Termination Event exists or shall exist and (ii) the Purchase and Sale Termination Date (as defined in the Purchase and Sale Agreement) has not occurred.

 

SECTION 3. Effect of Amendment.  All provisions of the Receivables Purchase Agreement, as expressly amended and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes effective, all references in the Receivables Purchase Agreement (or in any other Transaction Document) to “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Receivables Purchase Agreement shall be deemed to be references to the Receivables Purchase Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Receivables Purchase Agreement or any other Transaction Document other than as set forth herein.

 

  

  

  

 

SECTION 4. Costs and Expenses.  The Seller agrees to pay on demand all costs and expenses of the Administrator, each Purchaser and each Purchaser Agent (including, without limitation, counsel fees and expenses) incurred in connection with the preparation, execution and delivery of this Amendment and the transactions contemplated hereby.

 

SECTION 5. Amendment is a Transaction Document.  For the avoidance of doubt, this Amendment shall constitute a Transaction Document for all purposes.

 

SECTION 6. Effectiveness.  This Amendment shall become effective as of the date hereof, upon receipt by the Administrator of:

 

(a) counterparts of  this Amendment (including facsimile or electronic copies) duly executed by each of the parties hereto;

 

(b) counterparts of  that certain amended and restated Purchaser Group Fee Letter (the “A&R Fee Letter”) being entered into as of the date hereof among the parties hereto in connection with this Amendment (including facsimile or electronic copies) duly executed by each of the parties thereto; and

 

(c) confirmation that the fees payable by the Seller on the date hereof pursuant to the A&R Fee Letter have been paid in full.

 

  

  

  

 

SECTION 7. Counterparts.  This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument.  Delivery by facsimile or email of an executed signature page of this Amendment shall be effective as delivery of an executed counterpart hereof.

 

SECTION 8. Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY OTHERWISE APPLICABLE CONFLICTS OF LAW PRINCIPLES (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).

 

SECTION 9. Section Headings.  The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Receivables Purchase Agreement, any other Transaction Document or any provision hereof or thereof.

 

[Signature pages follow.]

 

  

  

  

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.

 

ANR RECEIVABLES FUNDING, LLC, as Seller

 

By:   /s/ Vaughn R. Groves                                                                 

Name:  Vaughn R. Groves

Title:  Senior Vice President and Secretary

  

  

  

ALPHA NATURAL RESOURCES, LLC, as Servicer

 

By:   /s/ Frank J. Wood                                                                  

Name:  Frank J. Wood

Title:  Executive Vice President and Chief Financial Officer

 

 

  

  

  

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Related Committed Purchaser, as an LC Participant and as a Purchaser Agent

By:    /s/ William P. Rutkowski                                                  

Name:  William P. Rutkowski

Title:  Vice President

  

  

  

MARKET STREET FUNDING LLC,

as a Related Committed Purchaser and as a Conduit Purchaser

By:    /s/ Doris J. Hearn                                                                 

Name: Doris J. Hearn

Title: Vice President

 

  

  

  

PNC BANK, NATIONAL ASSOCIATION, as Administrator

 

By:    /s/ Robyn A. Reeher                                                    

Name:  Robyn A. Reeher

Title:  Vice President

 

PNC BANK, NATIONAL ASSOCIATION, as the LC Bank and as an LC Participant

 

By:    /s/ Robyn A. Reeher                                                     

Name:  Robyn A. Reeher

Title:  Vice President                                           

 

PNC BANK, NATIONAL ASSOCIATION, as Purchaser Agent for the Market Street Purchaser Group

 

By:    /s/ Robyn A. Reeher                                                     

Name:  Robyn A. Reeher

Title:  Vice President

  

  

  

Acknowledged and Agreed to by:

ALPHA NATURAL RESOURCES, INC., a Delaware corporation, as Performance Guarantor under that certain Second Amended and Restated Performance Guaranty, dated as of October 19, 2011

By:    /s/ Frank J. Wood                                                   

Name:  Frank J. Wood

Title:  Executive Vice President, Chief Financial Officer, Treasurer and Assistant Secretaryex10-1.htm

Exhibit 10.1

 

OMNIBUS AMENDMENT AND REAFFIRMATION AGREEMENT

This Omnibus Amendment and Reaffirmation Agreement (this “Amendment”) dated June 25, 2012, by and between PA LLC, a Delaware limited liability company (the “Company”) and LV ADMINISTRATIVE SERVICES, INC., as administrative and collateral agent (the “Agent”) for PETROTECH HOLDINGS, CORP. (“PetroTech”; Petrotech collectively with the Agent, , the “Creditor Parties” and each, a “Creditor Party”), and acknowledged and agreed to by Parabel Inc. (f/k/a PetroAlgae Inc.) (“Parent”), hereby amends each of the Second Amended and Restated Secured Term Note, the Amended and Restated Secured Convertible Note, the Secured Term Notes and the Promissory Note listed on Schedule I hereto issued by the Company from time to time and currently held by Petrotech (as each may amended and restated, further amended, restated, modified and/or supplemented from time to time, the “Notes” and each, individually, a “Note”).  Further reference is made to (i) that certain Amended and Restated Master Security Agreement, dated as of July 24, 2009 by and among the Company and Parent in favor of Agent for the benefit of PetroTech (as amended, restated, modified and/or supplemented from time to time, the “Security Agreement”), (ii) that certain Equity Pledge Agreement, dated as of July 24, 2009 by Parent, and agreed and acknowledged to by PA LLC, in favor of Agent for the benefit of PetroTech (as amended, restated, modified and/or supplemented from time to time, the “Pledge Agreement”), (iii) that certain PetroAlgae Inc. Guaranty, dated as of July 24, 2009 by the Parent in favor of Agent for the benefit of PetroTech (as amended, restated, modified and/or supplemented from time to time, the “Guaranty”), (iv) that certain Intellectual Property Security Agreement, dated as of August 21, 2008 by the Company in favor of Agent for the benefit of PetroTech (as amended, restated, modified and/or supplemented from time to time, the “2008 IP Security Agreement”), and (v) that certain Intellectual Property Security Agreement, dated as of December 28, 2011 by the Company and the Parent in favor of Agent for the benefit of PetroTech (as amended, restated, modified and/or supplemented from time to time, the “2011 IP Security Agreement”; the 2011 IP Security Agreement and collectively with the Notes, the Security Agreement, the Pledge Agreement, the Guaranty and the 2008 IP Security Agreement, the “Loan Documents” and each, a “Loan Document”).  Capitalized terms used but not defined herein shall have the meanings given them in the Loan Documents, as applicable.

 

PREAMBLE

WHEREAS, the Creditor Parties and the Company desire to amend the transactions contemplated by the Notes.

 

 NOW, THEREFORE, in consideration of the covenants, agreements and conditions hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

AMENDMENT TO THE NOTES

 

1.           The Creditor Parties and the Company hereby agree that the “Maturity Date” as defined in each Note is hereby extended from “June 30, 2012” to “June 30, 2017” in each case.

 

  

  

  

 

2.           The address of PetroTech set forth in the Preamble of each of the Notes is hereby amended in each case to “c/o Valens Capital Management, LLC, 420 Lexington Avenue, Suite 2840, New York, NY 10170.”

 

3.           The Company and the Parent hereby each covenant and agree for the benefit of the Creditor Parties that in the event that the Company and/or the Parent at any time holds, directly or indirectly, individually or collectively, cash and/or cash equivalents in excess of $50,000,000.00 in the aggregate (the “Trigger Amount”), the Company and/or the Parent, as applicable, shall collectively apply such amounts held in excess of the Trigger Amount in repayment of the Obligations outstanding under the Notes until all such Obligations under the Notes shall have been indefeasibly paid in full; provided, however, that, the holder of the Amended and Restated Secured Convertible Note, issued in the original principal amount of $10,000,000.00 by the Company, and acknowledged and agreed to by the Parent, to PetroTech on or about July 24, 2009 (as amended, restated, modified and/or supplemented from time to time, the “Convertible Note”) shall continue to maintain the rights set forth in Section 3 of such Convertible Note to convert all or any portion of the Convertible Note into the common stock of the Parent pursuant to Section 5 of the Convertible Note and otherwise as described in said Convertible Note prior to application of such payment.  The Company and/or the Parent, as applicable, shall promptly furnish to the Creditor Parties upon their request, all information or documents (financial or otherwise) with respect to the Company or the Parent as the Creditor Parties may reasonably request from time to time, including, without limitation, evidence of the amount of cash and cash equivalents on hand at any time together with back up materials as may be deemed prudent or necessary by the Creditor Parties.  Each Note is hereby amended by adding thereto the covenants and agreements set forth in this Section 3.

 

REAFFIRMATION AGREEMENT

 

4.           The Company and the Parent each hereby:

 

(a) represent and warrant to each Creditor Party that it has reviewed and approved the terms and provisions of this Amendment, the Appendix attached to this Amendment and the documents, instruments and agreements entered into in connection therewith;

 

(b) acknowledges, ratifies and confirms that all indebtedness incurred by, and all other obligations and liabilities of each of the Company and the Parent under the Loan Documents are: (i) “Obligations” under and as defined in the Security Agreement, (ii) “Obligations” under, and as defined in the Guaranty and (iii) “Secured Obligations” under, and as defined in the Pledge Agreement.

 

(c) acknowledges, ratifies and confirms that all of the terms, conditions, representations and covenants contained in the Loan Documents are in full force and effect and shall remain in full force and effect after giving effect to this Amendment;

 

(d)  acknowledges, ratifies and confirms the grant by each of the Company and the Parent to Agent of a security interest in the assets of (including the equity interests owned by) each of the Company and the Parent, as more specifically set forth in the Loan Documents.

 

  

  

  

 

MISCELLANEOUS

 

5.           The extension of the maturity date of the Notes described in Section 1 above shall be effective as of the date first above written (the “Amendment Effective Date”) once (i) the Company, the Parent and each Creditor Party shall have duly executed and the Company and the Parent shall have delivered to Agent their respective counterparts to this Amendment, and (ii) the Company and the Parent shall have delivered to Agent corporate documents, to the extent requested by Agent, evidencing each of the Company's and the Parent’s power and authority to execute and deliver this Amendment, including in respect of their respective officers and directors signatory to such documents.

 

6.           Except as specifically set forth in this Amendment, there are no other amendments, modifications or waivers to the Loan Documents, and all of the other forms, terms and provisions of the Loan Documents remain in full force and effect.

 

7.           The Company and the Parent hereby each represents and warrants to each Creditor Party that (i) no Event of Default under any Loan Document exists on the date hereof, (ii) on the date hereof, all representations, warranties and covenants made by the Company or the Parent in connection with the Loan Documents are true, correct and complete, (iii) on the date hereof, the Company’s and the Parent’s covenant requirements to the extent set forth in the Loan Documents have been met, (iv) each of the representatives of the Company and the Parent signatory to this Agreement and has the corporate power and authority to execute and deliver such documents to the Creditor Parties; (v) all corporate action on the part of each of the Company and the Parent (including their respective officers and directors) necessary for the authorization of this Amendment, the performance of all obligations of the undersigned hereunder and under the Loan Documents has been taken.

 

8.           From and after the Amendment Effective Date, all references in the Loan Documents shall be deemed to be references to the Loan Documents, as the case may be, as modified hereby.

 

9.           The Company and the Parent hereby each releases, remises, acquits and forever discharges each Creditor Party and their respective employees, agents, representatives, consultants, attorneys, fiduciaries, officers, directors, partners, predecessors, successors and assigns, subsidiary corporations, parent corporations, and related corporate divisions (all of the foregoing hereinafter called the “Released Parties”), from any and all actions and causes of action, judgments, executions, suits, debts, claims, demands, liabilities, obligations, damages and expenses of any and every character, known or unknown, direct and/or indirect, at law or in equity, of whatsoever kind or nature, for or because of any matter or things done, omitted or suffered to be done by any of the Released Parties prior to and including the date of execution hereof, and in any way directly or indirectly arising out of or in any way connected to this Amendment and any other Loan Document.

 

  

  

  

10.           This Amendment shall be binding upon the parties hereto and their respective successors and permitted assigns and shall inure to the benefit of and be enforceable by each of the parties hereto and their respective successors and permitted assigns.  THIS AMENDMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.  This Amendment may be executed in any number of counterparts, each of which shall be an original, but all of which shall constitute one instrument.  Any signature delivered by facsimile or electronic transmission shall be deemed to be an original signature hereto.

 

* * * Remainder of page left intentionally blank; signature page(s) follow * * *

 

  

  

  

 

IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be signed as of this 25th day of June 2012.

 

	 	LV ADMINISTRATIVE SERVICES, INC., as Agent	 
	 	 	 	 
	 	 	 	 
	
 

	
By: 

	/s/ Eugene Grin	 
	 	 	Name: Eugene Grin	 
	 	 	Title:   Authorized Signatory	 
	 	 	 	 

	 	PETROTECH HOLDINGS, CORP.	 
	 	 	 	 
	 	 	 	 
	
 

	
By: 

	/s/ Eugene Grin	 
	 	 	
Name:  Eugene Grin

	 
	 	 	
Title:    President

	 
	 	 	 	 

 

 

 

ACKNOWLEDGED AND AGREED TO BY:

 

PA LLC

	 	 	 	 	 	 
	By: 	
/s/Anthony Tiarks

	 	 	
 

	 
	Name: 	
Anthony Tiarks

	 	 	
 

	 
	Title: 	
CEO

	 	 	
 

	 

 

 

PARABEL INC.

	 	 	 	 	 	 
	By:	
/s/ Anthony Tiarks

	 	 	
 

	 
	Name: 	
Anthony Tiarks

	 	 	
 

	 
	Title: 	
CEO

	 	 	
 

	 

 

  

  

  

 

SCHEDULE I

 

	  	
Description of Note

	
Stated Principal Amount

	
1.

	
The Second Amended and Restated Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about July 24, 2009 (as amended, restated, modified and/or supplemented from time to time).1

	
$7,222,089.00

	
2.

	
The Amended and Restated Secured Convertible Note issued by PA LLC to PetroTech Holdings, Corp. on or about July 24, 2009 (as amended, restated, modified and/or supplemented from time to time).2

	
$10,000,000.00

	
3.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about May 27, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$2,300,000.00

	
4.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about June 26, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$1,100,000.00

	
5.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about July 22, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$1,000,000.00

	
6.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about August 4, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$1,000,000.00

	
7.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about August 18, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$1,100,000.00

	
8.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about September 7, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$1,100,000.00

 

1   This Note combined and amended and restated in their entirety each of (i) the Amended and Restated Demand Note, issued as of August 26, 2008 (and dated as of August 21, 2008) by PA LLC to Petrotech Holdings, Corp., which amended and restated that Demand Note dated August 21, 2008 issued by the PA LLC to Petrotech Holdings, Corp. (as further amended, restated, modified and/or supplemented from time to time), (ii) the Demand Note, issued as of September 3, 2008 by PA LLC to Petrotech Holdings, Corp. (as amended, restated, modified and/or supplemented from time to time), (iii) the Demand Note, issued as of September 18, 2008 by PA LLC to Petrotech Holdings, Corp. (as amended, restated, modified and/or supplemented from time to time), and (iv) the Demand Note, issued as of September 25, 2008 by PA LLC to Petrotech Holdings, Corp. (as amended, restated, modified and/or supplemented from time to time).

  

2 This Note combined and amended and restated in their entirety each of (i) that certain Convertible Demand Note dated as of April 24, 2009 issued by PA LLC to Petrotech Holdings, Corp., and acknowledged and consented to by and Parabel Inc. (as amended, restated, modified and/or supplemented from time to time) and (ii) that certain Secured Convertible Demand Note dated as of May 11, 2009 issued by PA LLC to Petrotech Holdings, Corp., and acknowledged and consented to by and Parabel Inc. (as amended, restated, modified and/or supplemented from time to time)..

 

  

  

  

 

	
9.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about September 17, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$1,000,000.00

	
10.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about October 4, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$1,000,000.00

	
11.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about October 22, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$1,200,000.00

	
12.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about November 11, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$1,100,000.00

	
13.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about November 19, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$1,100,000.00

	
14.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about December 10, 2010 (as amended, restated, modified and/or supplemented from time to time).

	
$2,200,000.00

	
15.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about January 3, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$1,225,000.00

	
16.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about January 21, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$1,000,000.00

	
17.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about February 11, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$1,000,000.00

	
18.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about February 24, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$1,200,000.00

	
19.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about March 23, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$1,000,000.00

	
20.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about April 11, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$2,200,000.00

	
21.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about April 27, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$1,000,000.00

	
22.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about May 6, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$2,200,000.00

 

  

  

  

 

	
23.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about June 15, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$2,200,000.00

	
24.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about July 13, 2011 (as amended, restated, modified and/or supplemented from time to time) – this note was not funded until July 20, 2011.

	
$2,200,000.00

	
25.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about August 9, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$2,200,000.00

	
26.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about September 16, 2011 (as amended, restated, modified and/or supplemented from time to time) – this note was not funded until September 19, 2011.

	
$2,200,000.00

	
27.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about October 7, 2011 (as amended, restated, modified and/or supplemented from time to time) – this note was not funded until October 12, 2011.

	
$2,200,000.00

	
28.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about November 18, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$2,200,000.00

	
29.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about December 16, 2011 (as amended, restated, modified and/or supplemented from time to time).

	
$2,200,000.00

	
30.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about February 15, 2012 (as amended, restated, modified and/or supplemented from time to time).

	
$1,000,000.00

	
31.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about March 12, 2012 (as amended, restated, modified and/or supplemented from time to time).

	
$500,000.00

	
32.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about April 24, 2012 (as amended, restated, modified and/or supplemented from time to time).

	
$500,000.00

	
33.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about May 18, 2012 (as amended, restated, modified and/or supplemented from time to time).

	
$500,000.00

	
34.

	
The Secured Term Note issued by PA LLC to PetroTech Holdings, Corp. on or about June 25, 2012 (as amended, restated, modified and/or supplemented from time to time).

	
$500,000.00

	
35.

	
The Promissory Note dated June 12, 2008, effective as of September 22, 2006, originally issued by PA LLC to XL Techgroup, Inc. (XL) which was assigned by XL to PetroTech Holdings, Corp. on August 15, 2008.

	
$25,000,000.00

	  	
Total Principal Amount

	
$86,647,089.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00205-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00205-of-00352.parquet"}]]