Document:

Exhibit 10.2

 

SECOND AMENDED AND RESTATED REVOLVING
PROMISSORY NOTE

 

	     U.S. $60,000,000	December 28, 2016            

 

FOR VALUE
RECEIVED, AMERIS BANCORP, a Georgia corporation, having an address at 310 First Street, Moultrie, Georgia 31768 (“Maker”),
hereby promises to pay to the order of NEXBANK SSB (“Payee”), at its address at 2515 McKinney Avenue, Suite
1100, Dallas, Texas 75201 or such other address as it may designate, the principal sum of SIXTY MILLION and NO/100 Dollars ($60,000,000),
or so much thereof as may be advanced by Payee from time to time hereunder to or for the benefit or account of Maker, and interest
from the date hereof on the balance of principal from time to time outstanding, in United States currency, at the rates and at
the times hereinafter described.

 

This Second
Amended and Restated Revolving Promissory Note (this “Note”) is issued by Maker pursuant to that certain Loan
Agreement, dated as of August 28, 2013 (as heretofore amended, as amended by that certain Second Amendment, dated as of the date
hereof, and as may be further amended restated or modified, the “Loan Agreement”) entered into between Payee
and Maker. This Note evidences the Loan (as defined in the Loan Agreement). Payment of this Note is governed by the Loan Agreement,
the terms of which are incorporated herein by express reference as if fully set forth herein. Capitalized terms used and not otherwise
defined herein shall have the meanings given to them in the Loan Agreement.

 

1.       Principal
and Interest.

(a)       The
maximum aggregate principal amount of this Note shall not exceed Sixty Million Dollars ($60,000,000). All principal, interest and
other sums due under this Note shall be due and payable in full on the Maturity Date.

 

(b)       Subject
to Section 1(c) below, the unpaid principal amount of this Note shall bear interest at the Note Rate (the “Applicable
Rate”), unless the Default Rate is applicable. Interest at the Applicable Rate (or Default Rate) shall be calculated
for the actual number of days elapsed on the basis of a 360-day year, including the first date of the applicable period to, but
not including, the date of repayment. The Loan shall bear interest at the Default Rate at any time at which an Event of Default
shall exist.

 

(c)       All
accrued but unpaid interest on the principal balance of the Loan outstanding from time to time shall be payable on each Payment
Date. The then outstanding principal balance of the Loan and all accrued but unpaid interest thereon shall be due and payable on
the Maturity Date. Maker may from time to time during the term of the Loan Agreement borrow, partially or wholly repay its outstanding
borrowings, and reborrow, subject to all of the limitations, terms and conditions of the Loan Agreement; provided, however,
that the total outstanding borrowings under this Note shall not at any time exceed the Commitment. The unpaid principal balance
of the Loan at any time shall be the total amount advanced hereunder by Payee less the amount of principal payments made hereon
by or for Maker, which balance may be endorsed hereon from time to time by Payee or otherwise noted in Payee’s records, which
notations shall be, absent manifest error, conclusive evidence of the amounts owing hereunder from time to time. All payments (whether
of principal or of interest) shall be deemed credited to Maker’s account only if received by 2:00 p.m. Dallas time on a Business
Day; otherwise, such payment shall be deemed received on the next Business Day.

 

     

     

    

 

2.       Maximum
Lawful Rate. It is the intent of Maker and Payee to conform to and contract in strict compliance with applicable usury
law from time to time in effect. In no way, nor in any event or contingency (including but not limited to prepayment, default,
demand for payment, or acceleration of the maturity of any obligation), shall the rate of interest taken, reserved, contacted for,
charged or received under this Note and the other Loan Documents exceed the highest lawful interest rate permitted under applicable
law. If Payee shall ever receive anything of value which is characterized as interest under applicable law and which would apart
from this provision be in excess of the highest lawful interest rate permitted under applicable law, an amount equal to the amount
which would have been excessive interest shall, without penalty, be applied to the reduction of the principal amount owing on the
Loan in the inverse order of its maturity and not to the payment of interest, or refunded to the Maker or the other payor thereof
if and to the extent such amount which would have been excessive exceeds such unpaid principal. All interest paid or agreed to
be paid to the holder hereof shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout
the full stated term (including any renewal or extension) of the Loan so that the amount of interest on account of such obligation
does not exceed the maximum permitted by applicable law. As used in this Section, the term "applicable law" shall
mean the laws of the State of Texas or the federal laws of the United States, whichever laws allow the greater interest, as such
laws now exist or may be changed or amended or come into effect in the future.

 

3.       Monthly
Payments.All payments on account of the indebtedness evidenced by this Note shall be made to Payee not later than 2:00
p.m. Dallas, Texas time on the day when due in lawful money of the United States and shall be first applied to late charges, costs
of collection or enforcement and other similar amounts due, if any, under this Note and any of the other Loan Documents, then to
interest due and payable hereunder and the remainder to principal due and payable hereunder.

 

4.       Maturity
Date.The indebtedness evidenced hereby shall mature on the Maturity Date, or as accelerated under the terms of the
Loan Agreement. On the Maturity Date, the entire outstanding principal balance hereof, together with accrued and unpaid interest
and all other sums evidenced by this Note, shall, if not sooner paid, become due and payable.

 

5.       General
Provisions.

 

(a)       In
the event (i) the principal balance hereof is not paid when due whether by acceleration or upon the Maturity Date or (ii) an Event
of Default exists, then the principal balance hereof shall bear interest from and after the Default Rate. In addition, for any
installment (exclusive of the payment due upon the Maturity Date) which is not paid by the tenth (10th) day following the due date
thereof a late charge equal to five percent (5%) of the amount of such installment shall be due and payable to the holder of this
Note on demand to cover the extra expense involved in handling delinquent payments.

 

(b)       Maker
agrees that the obligation evidenced by this Note is an exempt transaction under the Truth-in-Lending Act, 15 U.S.C. § 1601,
et seq.

 

(c)       This
Note and all provisions hereof shall be binding upon Maker and all persons claiming under or through Maker, and shall inure to
the benefit of Payee, together with its successors and assigns, including each owner and holder from time to time of this Note.

 

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(d)       Time is
of the essence as to all dates set forth herein.

 

(e)       To
the fullest extent permitted by applicable law, Maker agrees that its liability shall not be in any manner affected by any indulgence,
extension of time, renewal, waiver, or modification granted or consented to by Payee; and Maker consents to any indulgences and
all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions
of this Note, and to any substitution, exchange or release of the collateral, or any part thereof, with or without substitution,
and agrees to the addition or release of any makers, endorsers, guarantors, or sureties, all whether primarily or secondarily liable,
without notice to Maker and without affecting its liability hereunder.

 

(f)       To
the fullest extent permitted by applicable Law, Maker hereby waives and renounces for itself, its successors and assigns, all rights
to the benefits of any statute of limitations and any moratorium, reinstatement, marshaling, forbearance, valuation, stay, extension,
redemption, appraisement, or exemption and homestead laws now provided, or which may hereafter be provided, by the laws of the
United States and of any state thereof against the enforcement and collection of the obligations evidenced by this Note.

 

(g)       If
this Note is placed in the hands of attorneys for collection or is collected through any legal proceedings, Maker promises and
agrees to pay, in addition to the principal, interest and other sums due and payable hereon, all costs of collecting or attempting
to collect this Note, including all reasonable attorneys’ fees and disbursements.

 

(h)       To
the fullest extent permitted by applicable law, all parties now or hereafter liable with respect to this Note, whether Maker, principal,
surety, guarantor, endorsee or otherwise hereby severally waive presentment for payment, demand, notice of nonpayment or dishonor,
protest and notice of protest. No failure to accelerate the indebtedness evidenced hereby, acceptance of a past due installment
following the expiration of any cure period provided by this Note, any Loan Document or applicable law, or indulgences granted
from time to time shall be construed (i) as a novation of this Note or as a reinstatement of the indebtedness evidenced hereby
or as a waiver of such right of acceleration or of the right of Payee thereafter to insist upon strict compliance with the terms
of this Note, or (ii) to prevent the exercise of such right of acceleration or any other right granted hereunder or by the laws
of the State. Maker hereby expressly waives the benefit of any statute or rule of law or equity now provided, or which may hereafter
be provided, which would produce a result contrary to or in conflict with the foregoing.

 

(i)       THIS
NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS AND ANY APPLICABLE LAWS OF THE UNITED
STATES OF AMERICA.

 

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(j)       THIS
NOTE AND THE OTHER 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 UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

This Note is an amendment,
restatement, modification and continuation of the obligations outstanding under that certain Amended and Restated Revolving Promissory
Note, dated September 26, 2014, made by Maker payable to the order of Payee in the original principal amount of $40,000,000 (the
“Prior Note”). This Note is given in renewal, rearrangement and substitution for, but not in the extinguishment
or repayment of, the obligations outstanding under the Prior Note. This Note does not constitute a novation.

 

[Signature page follows.]

 

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Maker has delivered this Note as of the day and year
first set forth above.

 

	 	MAKER:	 	 
	 	 	 	 	 
	 	AMERIS BANCORP	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	By:	/s/ Edwin W. Hortman, Jr.	 
	 	 	 	Name: Edwin W. Hortman, Jr.	 
	 	 	 	Title: President and CEO	 

 

    	 	5Exhibit 10.1

 

ANTRIABIO,
INC.

2016 Non Qualified Stock option PLAN

NOTICE OF STOCK OPTION GRANT

 

You have been granted the following option
to purchase Shares of AntriaBio, Inc. (the “Company”):

 

	Name of Participant:	 	Nevan Elam  _______________________
	 	 	 
	Total Number of Shares Granted:	 	3,500,000 ________________________
	 	 	 
	Type of Option:	 	Non-Qualified Stock Option
	 	 	 
	Exercise Price Per Share:	 	$1.20 ___________________________
	 	 	 
	Date of Grant:	 	December 28, 2016 _________________
	 	 	 
	Vesting Commencecement Date	 	October 31, 2016 ___________________
	 	 	 
	Date Exercisable:	 	Subject to the terms set forth herein, this Option shall vest and become exercisable with respect to 1/48th
    of the Shares upon each monthly anniversary of the Vesting Commencement Date ending on the fourth anniversary of the Vesting
    Commencement Date, at which time the full Option shall be vested; provided that in no event shall the Option vest
    following     the date Participant’s Service ceases. Any vested portion of the Option shall only be exercisable
    following termination     of Participant’s Service as provided in Section 3 of the Stock Option Agreement.
	 	 	 
	Expiration Date:	 	October 31, 2026 __________________

 

By your signature and the signature of the Company’s representative
below, you and the Company agree that this option is granted under and governed by the terms and conditions of the 2016 Non Qualified
Stock Option Plan and the related Stock Option Agreement, both of which are made a part of this document.

 

     

     

    

 

	PARTICIPANT:	 	ANTRIABIO, INC.
	 	 	 	 	 
	 	 	 	By: 	 
	 	 	 	 	 
	 	 	 	Title: 	 
	Print Name	 	 	 	 

 

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ANTRIABIO,
INC.

2016 Non Qualified Stock Option Plan

STOCK OPTION AGREEMENT

 

1.          Grant
of Option. AntriaBio, Inc., a Delaware corporation (the “Company”) hereby grants Participant the
option (the “Option”) to purchase all or any part of the number of shares (the “Shares”)
of common stock of the Company at the exercise price set forth in the Notice of Stock Option Grant, subject to the terms and conditions
of this Stock Option Agreement (the “Agreement”) and the AntriaBio, Inc. 2016 Non Qualified Stock Option Plan (the
“Plan”). In the event of any conflict between this Agreement and the Plan, the Plan will govern. By acceptance of
this grant, Participant and agrees to the terms and conditions of the Plan and this Agreement. The Option will not be treated
as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

 

The Option shall terminate at the close
of business ten years from the date hereof (the “Expiration Date”).

 

2.          Vesting
of Option Rights.

 

(a)          Except
as otherwise provided in this Agreement, all or part of this Option may be exercised prior to its expiration at the time or times
set forth in the Notice of Stock Option Grant.

 

(b)          During
the lifetime of Participant, the Option shall be exercisable only by Participant and shall not be assignable or transferable by
Participant, other than by will or the laws of descent and distribution, or as may be permitted pursuant to Section 6(b)(v) of
the Plan.

 

3.          Exercise
of Option after Death or Termination of Employment. The Option shall terminate and
may no longer be exercised if Participant ceases to provide Service to the Company or its Affiliates, except that:

 

(i)          If
Participant’s Service shall be terminated for any reason, voluntary or involuntary, other than for “Cause”
(as defined in Section 3(e)), Participant’s death or disability (within the meaning of Section 22(e)(3) of the
Code), or Retirement (as defined in Section 3(f)), Participant may at any time within a period of 3 months after such termination
exercise the Option to the extent the Option was exercisable by Participant on the date of the termination of Participant’s
employment.

 

(ii)         If
Participant’s Service is terminated for Cause, the Option shall be terminated as of the date of the act giving rise to such
termination.

 

(iii)        If
Participant shall die while the Option is still exercisable according to its terms, if Service is terminated because Participant
has become disabled (within the meaning of Section 22(e)(3) of the Code) while in Service of the Company, or in the event
of the Participant’s Retirement (as defined in Section 3(f)) and Participant shall not have fully exercised the Option, such
Option may be exercised at any time within 12 months after Participant’s death or date of termination of Service for disability
or Retirement by Participant, personal representatives or administrators or guardians of Participant, as applicable or by any person
or persons to whom the Option is transferred by will or the applicable laws of descent and distribution, to the extent of the full
number of Shares Participant was entitled to purchase under the Option on the earlier of the (i) date of death or (i) date of termination
of Service for disability or Retirement, as applicable.

 

    3

     

    

 

(iv)        Notwithstanding
the above, in no case may the Option be exercised to any extent by anyone after the Expiration Date.

 

(v)         “Cause”
shall mean (i) the willful and continued failure by Participant substantially to perform his or her duties and obligations
(other than any such failure resulting from his or her incapacity due to physical or mental illness), (ii) Participant’s
conviction or plea bargain of any felony or gross misdemeanor involving moral turpitude, fraud or misappropriation of funds or
(iii) the willful engaging by Participant in misconduct which causes substantial injury to the Company or its Affiliates,
its employees or the employees of its Affiliates or its clients or the clients of its Affiliates, whether monetarily or otherwise.
For purposes of this paragraph, no action or failure to act on Participant’s part shall be considered “willful”
unless done or omitted to be done, by Participant in bad faith and without reasonable belief that his or her action or omission
was in the best interests of the Company.

 

(vi)        “Retirement”
shall mean termination of Participant’s Service on or after the date Participant attains age 65; provided that, if
Participant terminates due to Retirement but continues to serve as a director of the Company, such Optionee’s Service with
the Company shall be deemed not to have terminated for purposes of this Agreement and the Plan until the date as of which Participant’s
services as a director of the Company shall also have terminated, at which time Participant shall be deemed to have terminated
Service as a result of Retirement.

 

(vii)       “Service”
shall mean Participant’s performance of services for the Company (or any Affiliate) in the capacity of an employee, officer,
consultant, independent contractor, advisor or non-employee director.

 

4.          Method
of Exercise of Option. Subject to the foregoing, the Option may be exercised in whole
or in part from time to time by serving written notice to the Company (through the Plan administrator or other means specified
by the Company) stating the number of Shares to be purchased. The notice shall state the number of Shares as to which the Option
is being exercised and shall be accompanied by payment of the exercise price. Such notice must be accompanied by payment in full
of the exercise price for all Shares to be purchased by (i) cash or check, (ii) delivery of unencumbered Shares previously acquired
by you having a Fair Market Value (as defined in the Plan) on the date of exercise that is equal to the exercise price or (iii)
withholding of Shares that would otherwise be issued upon such exercise having a Fair Market Value on the date of exercise equal
to the aggregate exercise price for the Shares for which the Option is being exercised.

 

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5.          Miscellaneous.

 

(a)          No
Rights of Stockholders. Neither Participant, Participant’s legal representative nor a permissible assignee of this Option
shall have any of the rights and privileges of a stockholder of the Company with respect to the Shares, unless and until such Shares
have been issued in the name of Participant, Participant’s legal representative or permissible assignee, as applicable.

 

(b)          No
Right to Employment. Nothing herein shall be construed as giving Participant the right to continue in the employ or to provide
services to the Company or any affiliate, whether as an employee or as a consultant or otherwise, or interfere with or restrict
in any way the right of the Company or any affiliate to discharge the Participant, whether as an employee or consultant or otherwise,
at any time, with or without cause. In addition, the Company or any affiliate may discharge the Participant free from any liability
or claim under this Agreement, unless otherwise expressly provide herein.

 

(c)          Governing
Law. The validity, construction and effect of the Agreement shall be determined in accordance with the internal laws, and not
the law of conflicts, of the State of Delaware.

 

(d)          Severability.
If any provision of the Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or would
disqualify the Agreement under any applicable law, such provision shall be construed or deemed amended to conform to applicable
laws, or if it cannot be so construed or deemed amended without, in the determination of the Company, materially altering the purpose
or intent of the Agreement, such provision shall be stricken as to such jurisdiction or the Agreement, and the remainder of the
Agreement shall remain in full force and effect.

 

(e)          No
Trust or Fund Created. The Agreement shall not create or be construed to create a trust or separate fund of any kind or a fiduciary
relationship between the Company and Participant or any other person.

 

(f)          Headings.
Headings are given to the Sections and subsections of the Agreement solely as a convenience to facilitate reference. Such headings
shall not be deemed in any way material or relevant to the construction or interpretation of the Agreement or any provision thereof.

 

(g)          Conditions
Precedent to Issuance of Shares. Shares shall not be issued pursuant to the exercise of the Option unless such exercise and
the issuance and delivery of the applicable Shares pursuant thereto shall comply with all relevant provisions of law, including,
without limitation, the Securities Act of 1933, as amended, the Exchange Act of 1934, as amended, the rules and regulations promulgated
thereunder, the requirements of any applicable Stock Exchange and the Delaware General Corporation Law. As a condition to
the exercise of the purchase price relating to the Option, the Company may require that the person exercising or paying the purchase
price represent and warrant that the Shares are being purchased only for investment and without any present intention to sell or
distribute such Shares if, in the opinion of counsel for the Company, such a representation and warranty is required by law.

 

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(h)          Withholding.
In order to provide the Company with the opportunity to claim the benefit of any income tax deduction which may be available to
it upon the exercise of the Option and in order to comply with all applicable federal or state income tax laws or regulations,
the Company may take such action as it deems appropriate to insure that, if necessary, all applicable federal or state payroll,
withholding, income or other taxes are withheld or collected from Participant. 

 

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