Document:

First Amendment

 Exhibit 10.1 
  
 FIRST AMENDMENT 
 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT 
  
 This First Amendment to Third Amended and Restated Credit Agreement (“Amendment”) is made as of January 28, 2004, by and among NATIONAL BEEF PACKING COMPANY, LLC, a Delaware limited liability company,
successor by conversion to Farmland National Beef Packing Company, L.P., a Delaware limited partnership (the “Borrower”), U.S. BANK NATIONAL ASSOCIATION, a national banking association (“U.S. Bank”), in its capacity
as Agent for the Lenders (in such capacity, the “Agent”) and as one of the Lenders, and the other financial institutions signatory hereto (together with U.S. Bank, being at least the Required Lenders). 
  
 RECITAL 
  
 This Amendment is made with respect to the Third Amended and Restated Credit Agreement made as of the 6th day of August,
2003 (as amended, modified, supplemented, renewed or restated from time to time, the “Agreement”). Capitalized terms that are not defined in this Amendment shall have the meanings assigned to them in the Agreement. The Borrower and
the Lenders desire to amend certain provisions of the Agreement. 
  
 NOW, THEREFORE, in consideration of the foregoing and of the terms and conditions contained in this Amendment, and of any loans or extensions of credit or other financial accommodations heretofore, now or hereafter made to or for the
benefit of Borrower, the parties agree as follows: 
  
 1.
Section 10.5 of the Agreement, Guarantees and Other Contingent Obligations, shall be amended to read as follows: 
  
 10.5. Guarantees and Other Contingent Obligations. 
  
 The Borrower shall not guarantee, endorse or otherwise in any way become or be responsible for obligations
of any other Person, whether by agreement to purchase the indebtedness of such Person or through the purchase of Goods, supplies or services, or maintenance of working capital or other balance sheet covenants or conditions, or by way of stock
purchase, capital contribution, advance or loan for the purpose of paying or discharging any indebtedness or obligation of such Person or otherwise, except: (a) for endorsements of negotiable Instruments for collection in the ordinary course of
business; (b) interest rate hedging derivatives approved by the Required Lenders; and (c) guaranties of the indebtedness (including capitalized leases) or operating lease obligations of subsidiaries of Borrower; provided, however, (i)
that the amount payable under such guaranties shall (1) in the case of guaranteed indebtedness (including capitalized lease obligations) be deemed to be “Funded Debt” for purposes of Section 9.6 of the Agreement, Financial Covenants and
Ratios, and (2) in the case of guaranteed operating lease obligations, the annual amount payable shall be 

 included in the computation of Borrower’s annual financial obligations for purposes of Section 10.12
of the Agreement, Lease Limitations, and (ii) each subsidiary for whom a guaranty is provided shall execute a reimbursement agreement in favor of Borrower with respect to any amounts that might be paid by Borrower under the guaranty, which
reimbursement agreement shall be secured (on a subordinate basis, subject to the rights of the creditor to whom the guaranty is issued) by the property acquired by the subsidiary in the transaction related to the guaranty, and which reimbursement
agreement shall be otherwise in form and substance reasonably acceptable to the Agent. 
  
 2. This Amendment shall be an integral part of the Agreement, and all of the terms set forth therein are hereby incorporated in this Amendment by reference, and all terms of this Amendment are hereby incorporated into
said Agreement as if made an original part thereof. All of the terms and conditions of the Agreement, which are not modified in this Amendment, shall remain in full force and effect. To the extent the terms of this Amendment conflict with the terms
of the Agreement, the terms of this Amendment shall control. 
  
 3. This Amendment may be executed in several counterparts, each of which shall be construed together as one original. Facsimile signatures on this Amendment shall be considered as original signatures. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to
Third Amended and Restated Credit Agreement as of the day and year first herein above written. 
  

			
	NATIONAL BEEF PACKING COMPANY, LLC
		
	By:	 	 /s/ Jay D. Nielsen

	Its:	 	Chief Financial Officer
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Alan V. Schuler

	Its:	 	Vice President
	
	COBANK, ACB
		
	By:	 	 /s/ Jim Stutzman

	Its:	 	Vice President

			
	 COÖPERATIEVE CENTRALE
 RAIFFEISEN-BOERENLEENBANK
 B.A., “RABOBANK INTERNATIONAL”,
 NEW YORK BRANCH

		
	By:	 	 /s/ Rebecca O. Morrow

	Its:	 	Executive Director
		
	By:	 	 /s/ Robert K. Hughes

	Its:	 	Vice President
	
	 FARM CREDIT SERVICES OF
 MINNESOTA
VALLEY, PCA, DBA FCS
 COMMERCIAL FINANCE GROUP

		
	By:	 	 /s/ Jamey Grafing

	Its:	 	SVP - Syndicated Finance
	
	AGFIRST FARM CREDIT BANK
		
	By:	 	 /s/ Bruce B. Fortner

	Its:	 	Vice President
	
	AMARILLO NATIONAL BANK
		
	By:	 	 /s/ Leonard Herrington

	Its:	 	Vice President
	
	U.S. AGBANK, FCB F/K/A
	 FARM CREDIT BANK OF WICHITA,
 AS
DISCLOSED AGENT

		
	By:	 	 /s/ Greg E. Somerhalder

	Its:	 	Vice President
	
	FARM CREDIT SERVICES OF AMERICA, PCA
		
	By:	 	 /s/ Bruce P. Rouse

	Its:	 	Vice President

  
 {SIGNATURE PAGE TO FIRST
AMENDEMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT / JANUARY 28, 2004} 

			
	FIRST NATIONAL BANK OF OMAHA
		
	By:	 	 /s/ Wade H. Horton

	Its:	 	Vice President
	
	ING CAPITAL LLC
		
	By:	 	 /s/ Lina Garcia

	Its:	 	Associate

  
 {SIGNATURE PAGE TO FIRST
AMENDEMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT / JANUARY 28, 2004} 
  

 4Amendment to Demand Loan and Security Agreement

 Exhibit 10(a) 
  
 LINE OF CREDIT AGREEMENT 
 FOR THE ACQUISITION OF EQUIPMENT 
  
 February 24, 2004 
  
 International Electronics, Inc. 
 427 Turnpike Street 
 Canton, Massachusetts 02021 
 Attn: John Waldstein, President and Treasurer 
  
 Gentlemen: 
  
 We (hereinafter
“Bank”) are pleased to advise you (hereinafter referred to as the “Borrower”) that Bank has established a line of credit of up to Five Hundred Thousand ($500,000.00) Dollars (hereinafter the “Credit
Limit”) for Borrower to be used exclusively for the purchase of new or used equipment; subject to Bank’s periodic review. This line of credit will be subject to the following terms and conditions: 
  
 1. Any advances, extensions of credit, or loan of funds pursuant to this
line of credit (hereinafter collectively and separately referred to as the “Loan”) will be made only if in the opinion of Bank there has been no material adverse change of circumstances and if there exists no Event(s) of Default (as
hereinafter defined). No advances, extensions of credit or loan of funds will be made on or after February 28, 2005. Any sums repaid hereunder shall not be readvanced. 
  
 2. Borrower may draw upon this line of credit from time to time by presenting to Bank for each Loan: (i) an invoice from the
vendor of such equipment in a form reasonably acceptable to Bank, which includes, without limitation, the purchase price of such equipment, including all accessions thereto, net of all discounts, rebates, and other dealer or manufacturer incentives;
(ii) a certificate of origin, bill of sale, or other documentation reasonably satisfactory to Bank indicating whether the equipment being purchased is new or used (hereinafter referred to as the “Equipment Documentation”); and (iii)
an Equipment Documentation Certification in the form of Exhibit A annexed hereto. Except for the last draw which may be in the amount of the unused portion of the Credit Limit, all draws will be in amounts equal to or greater than Fifty Thousand
($50,000.00) Dollars. 
  
 3. The aggregate principal amount of any
Loan made against any Equipment Documentation shall not exceed the lesser of (i) the Credit Limit, less any previous Loan, or (ii) one hundred (100%) percent of the net purchase price (exclusive of any soft costs, transportation or installation
charges) of the new equipment referred to therein, or (iii) seventy (70%) percent of the net purchase price (exclusive of any soft costs, transportation or installation charges) of the used equipment referred to therein, provided, however, that the
above limit may be exceeded if the Bank’s appraisal (conducted on an auction value basis) of Borrower’s equipment would exceed the limit for the purpose of purchasing used equipment. 

 4. The aggregate principal amount of any Loan made hereunder shall be payable in thirty-six (36)
successive equal monthly installments over a term that begins on the first day of the month which begins not less than thirty (30) days after the date of such Loan with the proviso that all Loans shall become due and payable upon (a) the occurrence
of an Event of Default (other than the Event of Default described in Section 15(a) of the Demand Loan and Security Agreement Accounts Receivable and Inventory between Bank and Borrower dated February 28, 1997, as amended (the “Loan
Agreement”), or (b) one (1) year after the occurrence of the Event of Default described in Section 15(a) of the Loan Agreement. All such loans, at the option of Bank, shall be evidenced by promissory notes in form satisfactory to Bank, but
in the absence of notes, shall be conclusively evidenced by Bank’s records of disbursements and repayments. 
  
 5. Interest, net of those loans (if any) which bear interest at a fixed rate of interest (as provided in the following paragraph) will be charged to
Borrower at a rate which is the daily equivalent to the Base Rate in effect from time to time minus one-half of one (.50%) percent per annum, or such other rate as Bank and Borrower may from time to time agree to, upon any balance owing to Bank at
the close of each day. The rate of interest payable by Borrower shall be changed effective as of that date in which a change in the Base Rate becomes effective. Interest shall be computed on the basis of the actual number of days elapsed over a year
of three hundred sixty (360) days. Such interest shall be payable monthly in arrears on the first (1st) day of each month, commencing on the first of such dates next succeeding the date hereof. 
  
 At Borrower’s option, interest, net of those loans (if any) which bear
interest calculated by reference to the Base Rate, will be charged to Borrower at a fixed rate equal to five (5%) percent per annum. 
  
 The term “Base Rate” as used herein and in any supplement and amendment hereto shall mean the per annum rate of interest announced from
time to time by Bank, at its head office, as its Base Rate, it being understood that such rate is a reference rate and not necessarily the lowest rate of interest charged by the Bank. The Base Rate on the date hereof is agreed to be four (4%)
percent. 
  
 Upon the occurrence of an Event of Default hereunder,
interest on unpaid balances shall thereafter be payable at an interest rate per annum equal to three (3%) percent greater than the rate of interest specified herein or elected by Borrower, as the case may be. 
  
 6. Borrower will pay or reimburse Bank for all reasonable expenses, including
attorneys’ fees, which Bank may in any way incur in connection with this agreement or any other agreement between Borrower and Bank or with any Loan or which result from any claim or action by any third person against Bank which would not have
been asserted were it not for Bank’s relationship with Borrower hereunder or otherwise. 
  
 7. Upon the occurrence of any one or more of the following events (hereinafter “Events of Default”), any and all obligations of Borrower to Bank shall become immediately due and payable, at the option
of Bank and without notice or demand: 
  
 (a) The failure by
Borrower to pay when due any amount due under this Line of Credit Agreement or any secured term note issued pursuant to this Line of Credit Agreement. 

 (b) The termination of the Loan Agreement (other than pursuant to Section 15(a) thereof) or the
occurrence of an Event of Default as described in the Loan Agreement (other than pursuant to Section 15(a) thereof). 
  
 (c) The occurrence of one or more of the events of default in any secured term note referred to in Paragraph 4 above. 
  
 (d) The occurrence of any such Event of Default shall also constitute,
without notice or demand, a default under all other agreements between Bank and Borrower and instruments and papers given Bank by Borrower, whether such agreements, instruments, or papers now exist or hereafter arise. 
  
 8. Borrower agrees that notwithstanding anything contained herein, the Loan
Agreement or otherwise, if the Borrower shall terminate the Loan Agreement or any successor agreement, Bank shall have the right to terminate this line of credit and demand the immediate payment of the balance due under this Line of Credit
Agreement. 
  
 9. The execution, delivery and performance of this
Line of Credit Agreement, any note or any other instrument or document at any time required in respect hereof or of the Loan are within the corporate powers of Borrower, and not in contravention of law, the Articles of Organization or By!Laws of
Borrower or any amendment thereof, or of any indenture, agreement or undertaking to which Borrower is a party or may otherwise be bound, and each such instrument and document represents a valid and binding obligation of Borrower and is fully
enforceable according to its terms. Borrower will, if requested by Bank, furnish Bank with the opinion of counsel for Borrower with respect to any or all of the foregoing or other matters, such opinion to be in substance and form satisfactory to
Bank. 
  
 10. This Line of Credit Agreement is supplementary to
each and every other agreement between Borrower and Bank and shall not be so construed as to limit or otherwise derogate from any of the rights or remedies of Bank or any of the liabilities, obligations or undertakings of Borrower under any such
agreement, nor shall any contemporaneous or subsequent agreement between Borrower and Bank be construed to limit or otherwise derogate from any of the rights or remedies of Bank or any of the liabilities, obligations or undertakings of Borrower
hereunder unless such other agreement specifically refers to this Line of Credit Agreement and expressly so provides. 
  
 11. This Line of Credit Agreement and the covenants and agreements herein contained shall continue in full force and effect and shall be applicable not
only in respect of the Loan, but also to all other obligations, liabilities and undertakings of Borrower to Bank whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising or acquired, until all such
obligations, liabilities and undertakings have been paid or otherwise satisfied in full. No delay or omission on the part of Bank in exercising any right hereunder shall operate as a waiver of such right or any other right and waiver on any one or
more occasions shall not be construed as a bar to or waiver of any right or remedy of Bank on any future occasion. This Line of Credit Agreement is intended to take effect as a sealed instrument, shall be governed by and construed according to the
laws of the Commonwealth of Massachusetts, shall be binding upon Borrower’s successors and assigns and shall inure to the benefit of Bank’s successors and assigns. 

 12. THE BORROWER AND BANK EACH HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT THEY MAY
HAVE OR HEREAFTER HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS LINE OF CREDIT AGREEMENT. The Borrower hereby certifies that neither Bank nor any of its representatives, agents or counsel has
represented, expressly or otherwise, that Bank would not, in the event of any such suit, action or proceeding, seek to enforce this waiver of right to trial by jury. The Borrower acknowledges that it has read the provisions of this Line of Credit
Agreement and in particular, this Section; has consulted legal counsel; understands the right it is granting in this Line of Credit Agreement and is waiving in this section in particular; and makes the above waiver knowingly, voluntarily and
intentionally. 
  
 13. The Borrower and Bank agree that any action
or proceeding to enforce or arising out of this Line of Credit Agreement may be commenced in any court of the Commonwealth of Massachusetts sitting in the counties of Suffolk or Middlesex, or in the District Court of the United States for the
District of Massachusetts, and the Borrower waives personal service of process and agrees that a summons and complaint commencing an action or proceeding in any such court shall be properly served and confer personal jurisdiction if served by next
day Federal Express or comparable overnight delivery service providing proof of delivery to the Borrower, or as otherwise provided by the laws of the Commonwealth of Massachusetts or the United States of America. 
  
 14. Borrower’s obligations pursuant to this Line of Credit Agreement are
secured pursuant to the Loan Agreement. 
  

			
	 Very truly yours,

	
	 EASTERN BANK

		
	 By:
	 	 /s/ Alan Roberts

	 	 	 Alan Roberts, Vice President

  

			
	 ACCEPTED:

	
	 INTERNATIONAL ELECTRONICS, INC.

		
	 By:
	 	 /s/ John Waldstein

	 	 	 John Waldstein, President and Treasurer

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