Document:

Fee Agreement dated November 25, 2008

 Exhibit 10.42 
 FEE AGREEMENT 
 THIS FEE AGREEMENT (the
“Agreement”) is made and entered into this 25th day of November, 2008 by and between by and between Nottingham-Spirk Design Associates,
Inc., an Ohio corporation with offices at 2200 Overlook Road, Cleveland, OH 44106 (“NSDA”), and OurPet’s Company, a Colorado corporation with offices at 1300 East Street, Fairport Harbor, OH 44077, (“OURPETS”). NSDA and
OURPETS may hereinafter be referred to as a “Party” and collectively as the “Parties.” 
 W I T N E S S E T H: 

 WHEREAS, NSDA and OURPETS are parties to a certain Cat Litter Device Development
Agreement dated January 15, 2007 (the “Development Agreement” and, together with the purchase order referred to in Exhibit A to the Development Agreement and each of the other agreements related to the design and development of
the SmartScoop® Cat Litter Box, collectively, the “Development Documents”); and 
 WHEREAS, OURPETS is the owner by assignment of a certain pending application for letters patent for an invention entitled “Automated Cat Litter Box,” U.S. Patent Application Serial Numbers 11/708368 and
12/175612; 
 WHEREAS, OURPETS is in the business of selling certain Products (as defined herein); 
 WHEREAS, the Parties desire to modify their respective rights and obligations regarding the amounts owed to NSDA for services rendered and costs incurred
under the terms of the Development Documents and any claims which OURPETS may have with respect to the services provided by NSDA under the Development Agreement. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, the Parties hereto agree as follows: 
 Article 1. Definitions. Capitalized terms used and not otherwise defined in this Fee Agreement shall have the meaning set forth herein. 
 1.1 “Affiliate” means, with respect to a Party, any firm, company, corporation or entity of which more than 50% of the voting shares are owned or controlled directly or indirectly by such Party or the
parent company of such Party. For purposes of this definition, “control” means (a) the power to direct the management of such entity, directly or indirectly, whether by contract or otherwise, or (b) ownership of more than fifty
percent (50%) of the outstanding shares, or beneficial ownership of such shares. 
 1.2 “Effective Date” shall mean
December 1, 2008. 
 1.3 “Litter Box Patent” means OURPETS’ proprietary pending United States application for
letters patent for an invention entitled “Automated Cat Litter Box”, U.S. Patent Application Serial Numbers 11/708368 and 12/175612 and any issued patents, patent applications (including provisional applications), foreign counterparts,
continuations, continuations-in-part, divisions, extensions, reexaminations and reissues thereof. 
 1.4 “Net Sales” means
gross sales less all cash and trade discounts, returns and credit for defective merchandise, allowances and other customer deductions. 
  

 1 

 1.5 “Product” means the OURPETS
SmartScoop® products set forth on Schedule 1.5 attached hereto and incorporated by reference herein. 
 1.6 “Reduced Hourly Rate” means an hourly rate of $100 per hour or such other rate as to which the Parties may mutually agree from time to time. 
 1.7 “Term” means the period of time from and after the Effective Date to the date on which the Litter Box Patent expires. 
 Article 2. Revised Payments and Fees. 
 2.1 In
consideration for full and complete satisfaction of any and all obligations of OURPETS to NSDA, including without limitation all unpaid NSDA charges to OURPETS as of the Effective Date: 
 (a) One-Time Payment. On or before March 31, 2009, OURPETS shall Pay NSDA Thirty-four Thousand Nine Hundred Ninety One Dollars
and ninety-one cents (US$34,991.94); and 
 (b) Ongoing Fee Payments. From the Effective Date to the end of the Term, a
running fee payment of One and one-half percent (1.5%) of Net Sales of Products (“Fee Payments”). 
 The foregoing
understanding is not intended to any manner affect the rights of NSDA to receive, and continue to hold, the shares of restricted securities subject to issuance to NSDA under the terms of Section 1(b) of the Development Agreement 
 2.2 Within thirty (30) days after the end of each calendar quarter ending on March 31, June 30, September 30 and
December 31 of each year, OURPETS shall furnish NSDA with a written report duly signed on behalf of OURPETS showing the number and type of Products sold during said calendar quarter by OURPETS hereunder including the calculation of the Fee
Payments due thereon. With each such report, OURPETS shall pay to NSDA the amount of the Fee Payments due and if no amounts are payable, then written notice of that fact shall be given to NSDA. 
 2.3 The Parties otherwise agree that the provisions of Sections 1(a), 1(c), 2 and 3 of the Development Agreement shall be deemed terminated as of the
Effective Date, and that, from and after the Effective Date through January 31, 2009, no compensation shall be payable to NSDA under the terms of the Development Documents for research, development or other services of any kind or nature
whatsoever rendered by NSDA during such period. Thereafter, commencing February 1, 2009, NSDA shall be entitled to be compensated for research, development or other services of any kind or nature whatsoever related in any way to NSDA
finalization of the marketable Products which are thereafter provided by NSDA to OURPETS at the Reduced Hourly Rate. NSDA shall bill such fees, together with all costs and expenses otherwise reimbursable under the Development Documents, within
fifteen (15) days after the end of each month. 
 Article 3. Audit. NSDA shall have the right upon ten (10) days prior written notice to
OURPETS, and at NSDA’s expense and through auditors of its own choice, to examine during normal business hours all relevant sales and shipping records of OURPETS for the purpose of determining whether OURPETS has correctly accounted to NSDA for
sums due NSDA hereunder. 
  

 2 

 Article 4. Duration and Termination. 
 4.1 Unless terminated earlier by mutual agreement of the Parties or as hereinafter provided in this Article 4, this Agreement shall be in effect throughout the Term. 
 4.2 Each Party shall have the right to terminate this Agreement and its obligations hereunder for material breach by the other Party, which breach
remains uncured for sixty (60) days after written notice is provided to the breaching Party, or in the case of an obligation to pay Fee Payments, which breach remains uncured for thirty (30) days after written notice to the breaching party
unless there exists a bona fide dispute as to whether such Fee Payments or other amounts are owing. Notwithstanding any termination under this Section 4.2, any obligation to pay Fee Payments which had accrued or become payable as of the date of
termination shall survive termination of this Agreement. 
 Article 5. Release. As a mutual inducement to enter into this Agreement, each Party (in
such capacity, a “Releasing Party”) hereby each release, acquit and forever discharge the other Party and all officers, directors, agents, employees, successors and assigns of such other Party (in such capacity, each a “Released
Party”) from any and all liabilities, claims, demands, actions or causes of action of any kind or nature (if there be any), whether absolute or contingent, disputed or undisputed, at law or in equity, or known or unknown, that the Releasing
Party now has or ever had against the Released Party with respect to, arising out of or by reason of the research, development or other services provided to OURPETS by NSDA prior to the Effective Date under the terms of the Development Documents or
otherwise, including, without limitation, any and all amounts due, or which may be claimed to be due, by either of the Parties with respect to any such services or any costs and expenses incurred, or which may be incurred, by either Party in
connection therewith. 
 Article 6. Limitation upon Claims. OURPETS acknowledges and agrees that the liability of NSDA with respect to any
liabilities, claims, demands, actions or causes of action of any kind or nature with respect to, arising out of or by reason of the research, development or other services provided to OURPETS by NSDA from and after the Effective Date under the terms
of the Development Documents or otherwise (“Claims”) shall be expressly limited in amount, in the aggregate, to the aggregate amount paid to NSDA after the Effective Date under the terms of Section 2.1(b) and Section 2.3 above;
provided, however, that the foregoing limitation shall not apply to Claims resulting from any third party products liabilities claims that are product design-related.  
 Article 7. Assignment. This Agreement or any right or interest herein shall be assignable by NSDA but neither this Agreement nor any right or interest herein
shall be assignable by OURPETS except to an Affiliate or subsidiary of OURPETS or to a purchaser of all, or substantially all, of the assets, equity or business of OURPETS without the written consent of NSDA. 
 Article 8. Notice. 
 8.1 Except to the extent that a
notice of a change of address shall have been duly given hereunder, any notice required or permitted under this Agreement shall be directed as follows: 
  

					
		 	If to NSDA:	    	Nottingham-Spirk Design Associates, Inc
		 		    	 2200 Overlook Road
 Cleveland, Ohio 44106

Attn: John Spirk

  

 3 

					
		 	If to OURPETS:	    	OurPet’s Company
		 		    	1300 East Street
		 		    	Fairport Harbor, Ohio 44077
		 		    	Attn: Dr. Steven Tsengas

 8.2 Any notice required or permitted under this Agreement shall be in writing, which, unless
delivered in person, shall be sufficiently given when mailed postpaid first class certified mail and addressed to the party for whom it is intended at its record address, and such notice shall be effective as of the date it is deposited in the mail.
A party may at any time change the place to which another party may give notice to it hereunder by giving notice of such change of address to the other party as provided herein. 
 Article 9. INTERPRETATION AND GOVERNING LAW 
 9.1 Severability. If any provision of this
Agreement is determined by a court of competent jurisdiction to be invalid or unenforceable, such determination shall not affect the validity or enforceability of any other part or provision of this Agreement. 
 9.2 No Waiver. Failure of a Party or Parties to enforce one or more of the provisions of this Agreement or to exercise any option or other rights
hereunder or to require at any time performance of any of the obligations hereof, shall not be construed to be a waiver of such provisions by such Party or Parties nor in any way to affect the validity of this Agreement or such Party’s or
Parties’ rights thereafter to enforce each and every provision of this Agreement, nor to preclude such Party or Parties from taking any other action at any time which they would legally be entitled to take. 
 9.3 Entire Agreement; Modification. This Agreement constitutes the entire agreement among the Parties with respect to the subject matter herein
and supersedes all previous agreements, including the Development Agreement, proposals, both oral and written, negotiations, representations, commitments, writings and all other communications among them. This Agreement may not be released,
discharged or modified except by an instrument in writing signed by the Parties. 
 9.4 Governing Law. This Agreement shall be
governed by and construed in accordance with the laws of the State of Ohio, without reference to its conflicts of laws provisions. 
 9.5
Counterparts; Effectiveness. This Agreement may be executed in any number of counterparts, including by facsimile or electronic signature included in an Adobe PDF file, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument. This Agreement shall become effective when each party hereto shall have received original or facsimile counterparts thereof signed by all of the other parties hereto. 
  

 4 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date hereof: 
  

									
	NOTTINGHAM-SPIRK DESIGN ASSOCIATES, INC.	 		 	OURPETS COMPANY
					
	By:	 	 /s/    John Spirk
	 		 	By:	 	 /s/    Steven Tsengas

		 	John Spirk	 		 		 	Dr. Steven Tsengas, PhD
	Title:	 	Co-President	 		 	Title:	 	Chairman/CEO

  

 5 

 Products 
 Schedule 1.5 
  

			
	 Item #
	    	 Description

	IM-10105	    	Anti Stick Spray 8 oz
	IM-10106	    	Odor Control 8 oz
	IM-10107	    	SmartScoop Poly Bag 25 pk
	IM-10108	    	SmartScoop Filter RB
	IM-10109	    	Green Ramp
	SS300	    	SmartScoop Cat Litter Box Basic
	SS400	    	SmartScoop Cat Litter Box Deluxe

  

 6Amendment No. 2 to Loan and Security Agreement

 Exhibit 10.1 
 EXECUTION COPY 
 This AMENDMENT NO. 2 TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is
entered into as of November 26, 2008 by and among TAXI MEDALLION LOAN TRUST II (the “Borrower”), THE FINANCIAL INSTITUTIONS PARTY HERETO, as Conduit Lenders (the “Conduit Lenders”), THE FINANCIAL INSTITUTIONS
PARTY HERETO, as Committed Lenders (the “Committed Lenders”), THE FINANCIAL INSTITUTIONS PARTY HERETO, as Managing Agents (the “Managing Agents”), and CITICORP NORTH AMERICA, INC., as Administrative Agent (the
“Administrative Agent”). Capitalized terms used herein and not defined herein shall have the meanings given to such terms in the LSA referred to below. 
 PRELIMINARY STATEMENTS 
 A. The parties hereto are parties to that certain Loan and Security Agreement dated
as of December 19, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the “LSA”). 
 B.
The parties hereto have agreed to amend the LSA on the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the
premises set forth above, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Amendment to the LSA. Effective as of the “Amendment Effective Date” (as defined below) and subject to the satisfaction of
the condition precedents set forth in Section 2 below, the LSA is hereby amended as follows: 
 1.1 Section 1.01 of the LSA
is hereby amended as follows: 
 (a) The definition of “Commitment Termination Date” set forth therein is amended by deleting the
reference to the date “November 27, 2008” set forth therein and replacing such date with the date “November 25, 2009”. 
 (b) The definition of “Class” set forth therein is amended and restated in its entirety to read as follows: 
 “Class” shall mean the status of a Medallion Loan at any time as a Class A Medallion Loan, Class B Medallion Loan or Class C Medallion Loan. 
 (c) The definitions of “Class D Medallion Loan” and “Class E Medallion Loan” are deleted in their entirety. 
 (d) The definition of “Credit Advance Rate” set forth therein is amended and restated in its entirety to read as follows: 
 “Credit Advance Rate” shall mean, with respect to each Eligible Medallion Loan, the “Credit Advance Rate”
set forth in the chart below opposite the applicable Class of such Eligible Medallion Loan: 
  

				
	 Class of Medallion Loans
	  	Credit Advance
Rate	 
	 Class A Medallion Loans
	  	94	%
	 Class B Medallion Loans
	  	90	%
	 Class C Medallion Loans
	  	85	%

 provided, however, that if: 
 (i) the Delinquency Ratio shall exceed 7.5%, or 
 (ii) the Cumulative Losses for Medallion Loans shall exceed $1,000,000; or 
 (iii) (A) the average cost of fully liquidating a Medallion, determined as of the last day of each month based on the cost of
liquidating Medallions during the preceding three months (or if fewer than ten Medallions were liquidated during such three-month period, based on the cost of liquidating the ten most recently liquidated Medallions), exceeds 5% of the original
principal balance as determined by the Administrative Agent in its sole discretion exercised in good faith, or (B) the average time required to fully liquidate a Medallion in a jurisdiction, determined as of the last day of each month, based on
the time of liquidating Medallions during the preceding three months (or if fewer than ten Medallions were liquidated during such three-month period, based on the time of liquidating the ten most recently liquidated Medallions), exceeds the number
of days allotted per jurisdiction as set forth on Schedule 10 to the Borrowing Base Certificate under “Cannot exceed      days” due to a change in the procedure for liquidating Medallions by the applicable Taxi
Commission, in each case as determined by the Lender in its sole discretion exercised in good faith, in which case the Credit Advance Rate may be reduced only with respect to Medallion Loans secured by Medallions in the jurisdiction in which such
average time to liquidate Medallions exceeds the applicable allotted number of days, 
 then, in each case, the Credit
Advance Rate applicable to all Eligible Loans, in the sole and absolute discretion of the Administrative Agent, shall be reduced by an amount of up to 2.5 percentage points. 
 (e) The definition of “Interest Rate” set forth therein is amended and restated in its entirety to read as follows: 
 “Interest Rate” means, with respect to any Advance for any day (i) to the extent such Advance is funded on such
day by a Conduit Lender (other than a Citibank Conduit Lender) through the issuance of Promissory Notes, the CP Rate, (ii) to the extent such Advance is funded on such day by a Citibank Conduit Lender through the issuance of Promissory Notes
and no Accounting Based Consolidation Event has occurred and is continuing, the CP Rate and (iii) otherwise (including at any time after the occurrence and during the continuation of an Accounting Based Consolidation Event), subject to Section
2.06, a rate equal to the sum of (A) the Adjusted LIBO Rate and (B) the Applicable Margin; provided, that at all times following the occurrence and during the continuation of an Event of Default, the Interest Rate for each Advance shall be
the Default Rate. 
  

 - 2 - 

 1.2 The following definitions are added in the appropriate alphabetical locations: 
 “Accounting Based Consolidation Event” means the consolidation, for financial and/or regulatory accounting purposes,
of all or any portion of the assets and liabilities of any Conduit Lender that are subject to this Agreement or any other Loan Document with all or any portion of the assets and liabilities of any Affected Party (other than such Conduit Lender) as
the result of the existence of, or occurrence of any change in, accounting standards or the issuance of any pronouncement, interpretation or release, including, without limitation, Financial Accounting Standards Board Interpretation No. 46, by
any accounting body or any other body charged with the promulgation or administration of accounting standards to which such Affected Party is subject, including, without limitation, Financial Accounting Standards Board, the American Institute of
Certified Public Accountants, the Federal Reserve Board of Governors, the Securities and Exchange Commission and the International Accounting Standards Board, and shall occur as of the date that such consolidation (i) shall have occurred with
respect to the financial statements of the applicable Affected Party or (ii) shall have been required to have occurred, regardless of whether such financial statements were prepared as of such date, provided, however, for purposes of
this Agreement, no “Accounting Based Consolidation Event” shall be deemed to have occurred before November 26, 2008. 
 “Citibank Conduit Lender” shall mean CHARTA, LLC, or and other Conduit Lender sponsored or administered by Citibank, N.A. or any Affiliate of Citibank, N.A. 
 A “Partial Amortization Event” shall be outstanding at any time that the aggregate outstanding balance of the Advances
is greater than the Maximum Committed Credit solely as a result of the Partial Reduction. For the avoidance of doubt, a Partial Amortization Event shall not constitute a Borrowing Base Deficiency, Termination Event, Default or Event of Default. 

 “Partial Reduction” means the reduction of the Maximum Committed Credit to $225,000,000 on
December 26, 2008 as described on Schedule 2 to this Agreement. 
 1.3 Section 2.07(c) of the LSA is hereby amended by
(a) deleting the percentage “80%” set forth therein and replacing such percentage with the percentage “70%” and (b) deleting the percentage “75%” set forth therein and replacing such percentage with the
percentage “65%”. 
 1.4 Section 2.12(a) of the LSA is hereby amended by amending and restating the first sentence of such
section in its entirety to read as follows: 
 The Borrower may, from time to time upon at least three (3) Business
Days’ prior written notice to each Managing Agent, elect to reduce the Commitments of the Committed Lenders in whole or in part, provided that after giving effect to any such reduction (other than the Partial Reduction) and any principal
payments on such date pursuant to Section 2.08 hereof, the aggregate principal balance of the Advances shall not exceed the Maximum Committed Credit. 
  

 - 3 - 

 1.5 Section 3.02 of the LSA is hereby amended by amending and restating clause (a) of clause
fourth of such section in its entirety to read as follows: 
 (a) (i) if the Termination Date has occurred or a Discount
Spread Rapid Amortization Event is outstanding, to each Managing Agent ratably in accordance with each Managing Agent’s Lender Group Percentage, an amount equal to the outstanding principal balance of all Advances then held by the Lenders in
such Managing Agent’s Lender Group to be applied to reduce the outstanding principal balance of the Advances held by such Lenders, (ii) if the Termination Date has not occurred and no Discount Spread Rapid Amortization Event is outstanding, but
a Borrowing Base Deficiency, Partial Amortization Event or a CLTV Rapid Amortization Event is outstanding, to each Managing Agent ratably in accordance with each Managing Agent’s Lender Group Percentage, an amount equal to the greater of
(A) the amount necessary to eliminate such Borrowing Base Deficiency, Partial Amortization Event or CLTV Rapid Amortization Event, as applicable and (B) the Weekly Principal Payment to be applied to reduce the outstanding principal balance
of the Advances held by such Lenders; and (iii) if the Termination Date has not occurred and no Borrowing Base Deficiency, Partial Amortization Event or Rapid Amortization Event is outstanding, (A) prior to the Term Period, to each
Managing Agent ratably in accordance with each Managing Agent’s Lender Group, an amount equal to the Weekly Principal Payment to be applied to reduce the outstanding principal balance of the Advances held by the Lenders and (B) during the
Term Period, to the Collateral Advance Account, an amount equal to the Weekly Principal Payment to be applied to reduce the Term Period Outstanding, and 
 1.6 Schedule I to the LSA is amended by amending and restating clause (o) of such schedule in its entirety to read as follows: 
 (o) The Medallion Loan is not more than 90 days delinquent (without regard to any applicable grace periods). 
 1.7 Schedule 2 to the LSA is amended and restated in its entirety as Attachment I attached hereto. 
 SECTION 2. Effective Date. This Amendment shall become effective, as of the date first above written (the “Amendment Effective
Date”), upon receipt by the Administrative Agent of (i) a counterpart to this Amendment duly executed by each party hereto, and (ii) a counterpart to the Second Amended and Restated Fee Letter (the “Fee Letter”)
dated the date hereof among the Borrower, the Administrative Agent, and Citicorp North America, Inc., in its capacity as a Managing Agent duly executed by each party thereto. 
 SECTION 3. Covenants, Representations and Warranties of the Borrower. 
 3.1 Upon the effectiveness of this Amendment, the Borrower hereby reaffirms all covenants, representations and warranties made by it in the LSA and agrees
that all such covenants, representations and warranties shall he deemed to have been re-made as of the Amendment Effective Date. 
 3.2 As of
the Amendment Effective Date, the Borrower represents and warrants to the Lenders, the Managing Agents and the Administrative Agent that: 
 (a) no Event of Default or Default exists or will result from the execution of this Amendment; and 
  

 - 4 - 

 (b) each of the LSA (as amended by this Amendment) and this Amendment has been duly
authorized by proper proceedings of the Borrower and constitutes the legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general principles of equity which may limit the availability of equitable remedies. 
 SECTION 4. Effect on the LSA. 
 4.1 On
and after the Amendment Effective Date, each reference in the LSA to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and all references to the LSA in any and all agreements,
instruments, documents, notes, certificates and other writings of every kind and nature shall be deemed to mean and be a reference to the LSA as amended hereby. The LSA and other documents, instruments and agreements executed and/or delivered in
connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 
 4.2 The execution, delivery and
effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any party to the LSA or any of the other Transaction Documents, nor constitute a waiver of any provision contained therein, except as specifically set
forth herein. 
 4.3 Each party hereto agrees and acknowledges that this Amendment constitutes a “Transaction Document” under and
as defined in the LSA. 
 4.4 For the avoidance of doubt, each party hereto agrees and acknowledges that the occurrence of the Partial
Reduction or a Partial Amortization Event shall not constitute a Borrowing Base Deficiency, Termination Event, Default or Event of Default. 
 SECTION 5. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 OF THE GENERAL OBLIGATIONS LAW BUT OTHERWISE WITHOUT REGARD TO CONFLICT OF
LAWS PRINCIPLES). 
 SECTION 6. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument. Delivery of an executed counterpart
of this Amendment by facsimile shall be deemed as effective as delivery of an originally executed counterpart. Any party delivering an executed counterpart of this Amendment by facsimile will also deliver an original executed counterpart, but the
failure of any party to so deliver an original executed counterpart of this Amendment will not affect the validity or effectiveness of this Amendment. 
 SECTION 7. Successors and Assigns. This Amendment shall be binding upon and shall inure to the benefit of each party hereto and their respective successors and assigns. 
 SECTION 8. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of
this Amendment for any other purpose. 
 SECTION 9. Expenses. The Borrower agrees to promptly reimburse the Administrative Agent for
all of the reasonable out-of-pocket expenses, including, without limitation, legal 

  

 - 5 - 

 
fees, it has heretofore or hereafter incurred or incurs in connection with the preparation, negotiation and execution of this Amendment and all other
instruments, documents and agreements executed and delivered in connection with this Amendment. 
 SECTION 10. Integration. This
Amendment contains the entire understanding of the parties hereto with regard to the subject matter contained herein. This Amendment supersedes all prior or contemporaneous negotiations, promises, covenants, agreements and representations of every
nature whatsoever with respect to the matters referred to in this Amendment, all of which have become merged and finally integrated into this Amendment. Each of the parties hereto understands that in the event of any subsequent litigation,
controversy or dispute concerning any of the terms, conditions or provisions of this Amendment, no party shall be entitled to offer or introduce into evidence any oral promises or oral agreements between the parties relating to the subject matter of
this Amendment not included or referred to herein and not reflected by a writing included or referred to herein. 
 [signature pages follow]

  

 - 6 - 

 IN WITNESS WHEREOF, the parties hereto have caused his Amendment to be executed on the date first set
forth to be effective as hereinabove provided. 
  

			
	 TAXI MEDALLION LOAN TRUST II, as
 Borrower

		
	By:	 	 /s/    Andrew M. Murstein

	Name:	 	Andrew M. Murstein
	Title:	 	President
		
	By:	 	 /s/    Alvin Murstein

	Name:	 	Alvin Murstein
	Title:	 	Vice President
	
	 CITICORP NORTH AMERICA, INC.,
 as a
Managing Agent and as Administrative Agent

		
	By:	 	 /s/    Marina Donskaya

	Name:	 	MARINA DONSKAYA
	Title:	 	VICE PRESIDENT
	
	CHARTA, LLC, as a Conduit Lender
		
	By:	 	 Citicorp North America, Inc.,
 as Attorney-in-Fact

		
	By:	 	 /s/    Marina Donskaya

	Name:	 	MARINA DONSKAYA
	Title:	 	VICE PRESIDENT
	
	CITIBANK, N.A., as a Committed Lender
		
	By:	 	 /s/    Marina Donskaya

	Name:	 	MARINA DONSKAYA
	Title:	 	VICE PRESIDENT

 Amendment No. 2 to Loan and Security Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}]]