Document:

Contract A Supplementary Overdraft Facility

 Exhibit 10.1 

 

					
		  	CONTRACT A	  	
	Handelsbanken	  	SUPPLEMENTARY OVERDRAFT FACILITY	  	
	Branch	  	For purposes other than        Facility no.
	Frölunda Torg/6686	  	personal consumption	  	

  

									
		  	Name	  	Civic reg. no./Business org. no.
	 Borrower
	  	MOBITEC AKTIEBOLAG	  	556546-6793
			
	 Normal over-
	  	Amount granted	  	Contract date
	 draft facility
	  	12,000,000.00	  	2011-02-25
			
	 Amount of
	  	SEK (in words)	  	
	 supplemen-
	  	SEVEN MILLION KRONOR	  	
	 tary facility
	  	SEK (in figures)	  	
		  	 7,000,000.00
	  	
			
	 Overdraft

period
	  	 As from - to, inclusive (year, month, day)
 2012-02-01 - 2012-06-30
	  	In accordance with section 8 of the “General Terms” for the facility, the Bank can suspend utilisation of the facility during the overdraft period
and/or terminate the facility.
				
	 Interest
	  	 Utilisation interest rate, currently %
  

The interest rate is subject to special terms relating to money market accounts

 
 STIBOR T/N + 4.20

 
 Due dates for utilisation interest every (month, day)

31/3, 30/6
	  	Contract interest rate currently % 1.00	  	The interest is payable as
contract interest on the full
overdraft amount and as
utilisation interest on the
borrower’s debt. Contract
interest is
payable in advance
at the commencement of the
facility period.
		
	The Bank’s undertaking	  	In addition to the above-mentioned normal overdraft facility, Svenska Handelsbanken AB (publ) allows the borrower to utilise a supplementary overdraft facility up
to the above-mentioned facility amount on the terms and conditions set out in this contract.
		
	The borrower’s
undertaking	  	The Borrower shall comply with the terms and conditions of this contract, some of which are set out in the “General terms” for the facility. On expiry
of the agreed overdraft period, the borrower shall immediately repay his/her debt pursuant to the contract. When the borrower’s right to utilise the normal overdraft facility and/or supplementary facility has expired, the borrower must
immediately return unused cheques and any other instruments used for operation of the account.
		
	Signature	  	I/We confirm that I/we have read all pages of the contract including the “General terms” for the
facility.

  

											
			
		 	Date	  	 Date

			
		 	 27/1/12
	  	 27/1/12

			
		 	 Borrower
	  	 Svenska Handelsbanken AB (publ)

			
		 	 /s/ Agne Axelsson
	  	 /s/ Tominy Björk

		 	 Agne Axelsson
	  	
			
		 	 Mobitec AB
	  	 /s/ Gunilla Synnergren

Date                    Initials

 Documents in order 

  
 Page 1of 6

 Handelsbanken 
 GENERAL TERMS CONTRACT A — Supplementary credit for purposes other than personal consumption, applying from 21 December 2009 

 

	1.	General terms for accounts held with Handelsbanken 

 The borrower disposes of the account in accordance with the terms applying to the account to which the overdraft facility is linked. The Bank may withdraw funds from the account if the borrower has
ordered this or has approved that the account may be debited. 
 The Bank may also debit the account with amounts corresponding
to interest, charges and costs which are associated with the account. In addition, the Bank may debit the account with amounts corresponding to charges, costs and outlays for orders effected on behalf of the borrower and for payment of other due
claims which the Bank has on the borrower. 
 When the Bank is entitled to debit the account as stated in the previous paragraph,
this may also be done as at a day which is a public holiday or equivalent day. It is the duty of the borrower to ensure that a sufficiently large amount is available on the account when the debit occurs. If the borrower dies during the contract
period, the estate of the deceased may not increase the debt on the account without the consent of the Bank. 
  

	2.	Interest 

 The
borrower shall pay utilisation interest to the Bank at an annual rate computed on the overdraft amount outstanding at any time, plus contract interest on the granted overdraft amount. The utilisation interest is calculated at the interest rate and
on the grounds which the Bank applies to this type of facility from time to time. The interest rates applying when the facility was provided are set out in the contract. If different interest rates are applied for utilisation interest in different
ranges of the overdraft amount, this is indicated on page one with the interest rates applying when the contract was entered into. 
 In the event of an extension of the facility, additional contract interest is payable for each period of extension, this being payable in advance for the period concerned. 

The borrower is liable for contract interest for the period until the end of the overdraft period set out in the contract, without any
obligation for the Bank to make a refund if the contract should be terminated before then. 
  

	3.	Overdrafts 

 If the
borrower’s debt to the Bank under this contract exceeds the amount granted, the borrower shall upon demand pay the difference. In this case, the borrower shall also pay interest on the overdrawn amount at the rate and on the grounds applied by
the Bank at any time, as well as an unauthorised overdraft fee as set out in section 5 below. 
 Unauthorised overdrafts also
entitle the Bank to terminate the facility for repayment and/or suspend utilisation of the facility in advance. In this case the provisions in section 8 will apply. 
  

	4.	Penalty interest 

If payment of principal, interest and/or charges is not effected when due, the borrower shall pay special annual penalty interest on the
overdue amount until payment is made. On amounts not overdue, the usual interest rate continues to apply. 
 Penalty interest is
calculated at the utilisation interest rate applying to the facility, plus five percentage points or, when the entire facility is overdue, one percentage point. 
  

	5.	Charges and costs 

The account is subject to charges according to the terms generally applied from time to time by the Bank. Particulars of cur- rent charges
are available at any of the Bank’s branches. 
 The borrower shall reimburse the Bank for the costs and work associated with
obtaining, maintaining and utilising the security agreed upon, as well as with the lodging of proof and collection of the Bank’s claim on the borrower or on any other party liable for payment thereof. The Bank’s written payment reminders
shall thus also be reimbursed. 
  

	6.	Order of debt settlement 

 When payment is made, the Bank is entitled to deduct the charges, costs and interest due on the facility before settling the principal amount. 

 

	7.	Facility period 

The facility period for the supplementary overdraft facility is set out in the contract and will not be extended. If the Bank does not
grant an extension of the normal overdraft facility or if the normal overdraft facility is terminated for payment in advance, the supplementary overdraft facility shall be due for payment at the same time as the normal overdraft facility
irrespective of whether the agreed facility period for the supplementary overdraft facility is longer or the supplementary overdraft facility has not been subject to separate notice of termination. 

 

	8.	The Bank’s right to terminate the facility and/or suspend utilisation of the facility 

The Bank may terminate the facility for payment immediately or at any time determined by the Bank and suspend utilisation of the overdraft
facility, if any of the following circumstances should apply: 
  

	 	•	 	 the borrower has failed to meet his obligations under this contract or otherwise to the Bank, 

 

	 	•	 	 the borrower has used the account improperly in a manner set out under Section 3, 

 

	 	•	 	 the collateral for the loan or for other obligations of the borrower towards the Bank is no longer satisfactory, 

 

	 	•	 	 there is reasonable cause to assume that the borrower will not meet his payment obligations to the Bank. 

If any of the circumstances set out above are present, the Bank is entitled, regardless of whether termination has been made, to
immediately suspend the right to utilise the facility further. 
 If the Bank has terminated the facility in accordance with this
section, the borrower shall immediately return unused cheques and other instruments for operating the account. 

  
 Page 2 of 6

	9.	Closing bill and refund 

 When the agreed overdraft period has expired or when the facility is payable in advance pursuant to section 3, 7 or 8, the Bank shall prepare a closing bill. 

The borrower must immediately pay the debt according to the closing bill. 

 

	10.	Definition of a pledge, etc. 

 ‘Pledge’ also refers to property that is included in a floating charge on assets. The term ‘pledger’ also refers to an assignor of floating charge, ‘pledging’ also refers to
assignment of the floating charge and ‘pledge deed’ also refers to deeds associated with a floating charge and pledge claims. 
  

	11.	The Bank’s right to sell pledged financial instruments 

 If the security for the loan consists in full or in part of financial instruments and if the value for borrowing purposes assigned by the Bank declines, implying that the security is no longer
satisfactory, the borrower must at the request of the Bank immediately provide additional security. If such security is not provided, or if the Bank is unable to contact the borrower within a reasonable period of time, the Bank has the right, but
not the obligation, to sell the required portion of the financial instruments. The proceeds shall be deposited to an interest-bearing account and continue to constitute a pledge for the loan. That which is stated above does not restrict the
Bank’s right to terminate the facility for immediate payment in accordance with section 8 and/or the right to immediately suspend utilisation of the facility in accordance with section 8. 

 

	12.	Right of guarantor and pledger to prevent extension of overdraft period 

A guarantor is not entitled to terminate his guarantee and a pledger may not revoke his mortgage. 

  
 Page 3 of 6

 Handelsbanken 
 However, any guarantor or pledger may separately, not later than six weeks before the due date of the facility, request in writing that the Bank shall not extend the facility. Such request may imply that
the guarantor becomes forced to pay by virtue of his guarantee, or that the Bank utilises a pledge. 
 If the Bank within the
period set out in the preceding paragraph has received a request that the facility shall not be extended but nevertheless extends the facility, the guarantee or pledge provided by the party making such request ceases to be valid. This does not
apply, however, if the Bank, due to the borrower’s negligence, before expiry of the aforementioned time period, has commenced legal proceedings against the party who has opposed an extension or has commenced negotiation with this party
concerning the guarantee commitment or pledge. 
  

	13.	Sequence of utilisation of security 

 If the borrower fails to meet his obligations under the contract, the Bank may determine the sequence in which the securities (pledges, guarantees, etc.) shall be utilised. 

 

	14.	General right of pledge 

 Property pledged by the borrower in this contract shall also constitute security for any other obligations towards the Bank for which the borrower is or may in the future be liable, in his capacity as
borrower, principal, account holder, guarantor or otherwise as customer of the Bank. Such other obligation must have arisen before the borrower’s obligations under this contract have been met. The Bank shall determine in which order the
obligations are to be settled out of the proceeds of the pledge. However, account must be taken of the right of guarantors according to section 22. 
 Property thus pledged shall not, however, by reason of the pledge, constitute security for the borrower’s obligations on account of bills of exchange which have been discounted, or which may be
discounted at the Bank by a third party, unless they concern the renewal of bills, or have otherwise replaced bills originally discounted by the borrower. Neither shall the property thus pledged secure any other claims on the borrower which the Bank
has acquired or may acquire from a third party. 
  

	15.	Yield on property pledged 

 Yield and all other rights based on the pledge are also covered by the pledging and constitute a pledge. Thus, the pledging of shares, for example, includes the right of the Bank to participate in bonus
issues, new issues and other issues for which the shares qualify. As stated in section 16, the Bank is, however, not liable for ensuring that such rights are safeguarded. Where this nevertheless occurs, the Bank is accountable to the pledger.

  

	16.	Safeguard by the Bank of the pledge 

 The Bank has a duty to take good care of the pledge. 
 Where appropriate, the Bank
shall renew limitation periods and lodge proof of claim in case of summons of unknown creditors and also in bankruptcies, where the pledger so requests after commencement of the bankruptcy. Where announcement has been made regarding the cancellation
of a pledged document, the Bank shall give notice that it holds the document. However, the Bank is not obliged to take any of these measures regarding certificates of claim consisting of coupons or which are intended for the open market, such as
bonds, or to which Swedish law does not apply. 
 The Bank is not obliged to maintain personal liability for payment in respect
of mortgaged instruments of debt. 
 The Bank’s safeguard of the pledge does not extend beyond what has been stated above.
Thus the Bank is not, for example, as far as securities are concerned, obliged to collect dividends and interest or observe the pledger’s rights in connection with issues, exchanges of shares, conversions, distributions of net assets, etc.

  

	17.	How a pledge may be utilised by the Bank 

 The Bank may utilise a pledge as the Bank deems fit. In this respect, the Bank shall proceed with care and, where possible and if in the opinion of the Bank it can be accomplished without prejudice to the
Bank, notify the pledger to this effect in advance. 
 When applying the above, a financial instrument can be sold in a
different way than on a market where the instrument is registered or is normally traded. 
 If the pledge consists of funds
deposited in an account with the Bank, the Bank may immediately debit the account in reimbursement of the amount due, without informing the pledger in advance. 
 Should the pledge consist of an instrument of debt for which the pledger is liable personally or with certain property, the instrument is, with respect to the pledger, due for payment on demand,
regardless of the due date stipulated in the instrument. 
  

	18.	The Bank’s right to sign on behalf of the pledger 

 Through his pledging, the pledger authorises the Bank, or anyone appointed by the Bank, to sign on behalf of the pledger, where this is necessary in order to safeguard the Bank’s right of pledge.
This authorisation may not be revoked as long as the pledging is in force. 
  

	19.	Release of pledge 

The Bank may release pledges without being bound to observe any right to the pledge which may accrue to a guarantor who has made payment
to a party other than the Bank by virtue of his guarantee. 
  

	20.	Transfer of unpledged deeds of mortgage 

 When the Bank no longer holds the pledge and has not been informed of a new pledge-holder or received a request that a written deed of mortgage shall be issued, the Bank is entitled to transfer an
electronic deed of mortgage to the National Land Survey’s register of mortgages for which no other mortgage-holder is registered, known as the Public Archive. 
  

	21.	Payment by the guarantor 

 If a guarantor makes payment to the Bank on account of his guarantee, he shall specifically notify the Bank that he is paying in his capacity as guarantor and request that this fact be noted by the Bank.

  
 Page 4 of 6

	22.	Guarantor’s right to pledges 

 If a guarantee has been signed on this contract, the following shall apply with regard to the guarantor’s right to pledges in this contract by the borrower alone or jointly with another: 

The pledge shall constitute security for the guarantor’s claim for recourse against the borrower to the extent that it is not
utilised by the Bank for the borrower’s obligations under this contract. When the pledge constitutes security for the right of recourse of several guarantors, they shall have rights to the pledge in proportion to the right of recourse of each
of them, unless they agree otherwise. 
 In relation to the Bank, a guarantor is not entitled to any other property which has
been pledged to the Bank by the borrower or another party. 
 The Bank may release yield from the pledge which is not required
for payment of amounts due under this contract, without thereby reducing the liability of any guarantor. 
  

	23.	How the pledge may be utilised for a guarantor’s right of recourse 

Where a guarantor has made payment to the Bank by virtue of his guarantee, he may exercise his right to a pledge under section 22 only
when the Bank has received payment in full for its claim under this contract. If the guarantor wishes to exercise this right, the Bank is entitled to choose between releasing the pledge to the guarantor or utilising the pledge on behalf of the
guarantor. Section 17 shall apply in this connection. 
  

	24.	Property pledged by a party other than the borrower 

 Property pledged on this contract by a party other than the borrower shall constitute security only for the borrower’s obligations under this contract, unless otherwise agreed. 

Without any reduction of the Bank’s right to property which a party other than the borrower has pledged on this contract, the Bank is
entitled to release property pledged by the borrower or any other party, which has not been pledged on this contract, as well as the yield on such property. The Bank is also entitled to release the yield on property pledged on this contract by
the borrower or any other party, if the yield is due for payment but is not required to cover interest or costs due under the contract. 

  
 Page 5 of 6

 Handelsbanken 
  

	25.	Cancellation of the contract 

 The contract will be cancelled one month after the overdraft has been repaid in full, unless the borrower has asked in advance for it to be returned. 

 

	26.	Insurance 

Property which constitutes security for the Bank’s claim shall be satisfactorily insured. 

If the borrower fails to show proof that insurance as prescribed above is in force, the Bank shall be entitled to arrange for such
insurance at the borrower’s expense. 
  

	27.	Processing of personal data 

 Personal data submitted in connection with a credit application or otherwise registered in connection with processing or administration of this credit will be subject to such processing in computer
systems at the Bank as required by the credit agreement. This includes information about contacts between the borrower and the Bank. 
 This promissory note contains special information on the processing of data for credit references. 
 The personal data is also used for marketing and customer research, business and methods development and risk management in the Handelsbanken Group. Risk management also involves processing information on
the borrower and loans to assess the quality of loans for purposes of capital adequacy. 
 The personal data is also used for
marketing purposes, unless the borrower has requested a block on direct advertising from the Bank. The processing of personal data can — within the framework of current bank confidentiality regulations — take place with other Group
companies and other companies with whom the Bank collaborates in its operations. 
 If the borrower requires information about
the personal data about him/her which is being processed by the Bank, the borrower can request this in writing from his/her branch of the Bank. Requests to correct incomplete or incorrect personal data can be made at the Bank branch or sent to
Handelsbanken, Central auditing department, SE-106 70 Stockholm, Sweden. 
 The above statements regarding borrowers also apply
to guarantors, if any, or pledgers other than the borrower. 
  

	28.	Notices, etc. 

 The
borrower, guarantors and pledgers shall notify the Bank of any changes of address, telephone number or fax number. 
 Registered
letters regarding the overdraft facility which the Bank has forwarded to any of the parties mentioned above shall be deemed to have reached the addressee not later than on the seventh day after despatch if the letter has been sent to the address
which is known to the Bank. 
 Notices sent by fax shall be deemed to have reached the addressee no later than the next business
day if the fax message was sent to a number which the addressee has submitted to the Bank. A business day is a day other than a Sunday, public holiday, Saturday, Midsummer’s Eve, Christmas Eve or New Year’s Eve. 

These provisions do not apply to notices renewing periods of limitation. 

 

	29.	Limitation of the Bank’s liability 

 The Bank shall not be held responsible for any loss or damage resulting from a legal enactment (Swedish or foreign), the intervention of a public authority (Swedish or foreign), an act of war, a strike, a
blockade, a boycott, a lockout or any other similar circumstance. The reservation in respect of strikes, blockades, boycotts and lockouts applies even if the Bank itself is subjected to such measures or takes such measures. 

Any damage which occurs in other circumstances shall not be compensated by the Bank, provided the Bank has exercised normal standards of
care. The Bank shall in no case be liable for indirect damage. 
 Where a circumstance as referred to in the first paragraph
should prevent the Bank from making a payment or taking other measures, such payment or measures may be postponed until the obstacle no longer exists. In the event of a postponement of payment the Bank shall, if it is committed to pay interest, pay
such interest at the interest rate prevailing on the due date for the postponed payment. Where the Bank is not committed to pay interest, the Bank shall not be obliged to pay interest at a higher rate than the prevailing reference rate of Sveriges
Riks-bank pursuant to the Section 9 of the Interest Act (1975:635), plus two percentage points. Where a circumstance as referred to in the first paragraph should prevent the Bank from receiving payments, the Bank shall, as long as the obstacle
exists, be entitled to interest only on the terms prevailing on the due date of the payment. 

  
 Page 6 of 6Retention Bonus Agreement

 Exhibit 10.1 
 RETENTION BONUS AGREEMENT FOR THE 2012 FISCAL YEAR 
 This Retention
Bonus Agreement for the 2012 Fiscal Year (this “Agreement”) is entered into as of January 26, 2012 by and between Calavo Growers, Inc., a California corporation (“Calavo”), and Lecil E. Cole (“Mr.
Cole”). 
 RECITALS 
 A. Mr. Cole has served as Calavo’s Chief Executive Officer and President since February 1999. Mr. Cole also serves as Calavo’s Chairman of the Board of Directors. Calavo’s
Compensation Committee and Board of Directors have determined that Mr. Cole has made extraordinary contributions to Calavo’s financial success since February 1999 and that it is in the best interests of Calavo and its shareholders to
encourage Mr. Cole to continue to serve as Calavo’s Chief Executive Officer, President, and Chairman of the Board of Directors. 
 B. Calavo and Mr. Cole entered into a Retention Bonus Agreement dated as of February 24, 2011 (the “Original Agreement”) pursuant to which Mr. Cole received a retention
bonus of $100,000 for each of the four quarters in the fiscal year ended October 31, 2011 based upon Mr. Cole’s service as Calavo’s Chief Executive Officer and President as of the last day of each fiscal quarter. The Original
Agreement contemplates that Calavo may elect to provide Mr. Cole with a comparable retention bonus for the fiscal year ending October 31, 2012. 
 C. In order to encourage Mr. Cole to continue his employment with Calavo, the Compensation Committee of Calavo and the Board of Directors of Calavo desire to enter into this Agreement, pursuant to
which Mr. Cole will be entitled to receive aggregate bonus payments of $400,000 for the 2012 fiscal year if, but only if, he is employed as Calavo’s Chief Executive Officer and President as of the last day of each fiscal quarter in the
2012 fiscal year. Mr. Cole has abstained from voting on matters pertaining to the execution and delivery of this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, Calavo and Mr. Cole hereby agree as follows:

 1. For each fiscal quarter during Calavo’s fiscal year ending October 31, 2012, if Mr. Cole is employed as
Calavo’s Chief Executive Officer and President on the last day of the fiscal quarter, Mr. Cole shall receive a retention bonus payment of $100,000, subject to Calavo’s right to make withholdings that are required by applicable law
including, without limitation, withholdings for federal and state income taxes, social security taxes, and Medicare taxes. Calavo shall pay each $100,000 bonus payment to Mr. Cole as promptly as possible following the completion of the
applicable fiscal quarter. No bonus payment for the applicable fiscal quarter shall be owed to Mr. Cole under this Agreement if he was not employed as Calavo’s Chief Executive Officer and President as of the last day of the fiscal quarter.

 2. In the sole discretion of Calavo’s Compensation Committee and Board of Directors (with Mr. Cole abstaining from
voting), Calavo may elect to extend the term of this Agreement to cover part or all of Calavo’s 2013 fiscal year, in which event each $100,000 bonus payment shall be paid by Calavo as promptly as possible following the completion of the
applicable 2013 fiscal quarter if Mr. Cole is employed as Calavo’s Chief Executive Officer and President as of 

 
the last day of the fiscal quarter. Any extension of the term of this Agreement must be communicated in writing to Mr. Cole by Calavo and must be agreed to in writing by Mr. Cole in
order to be binding. 
 3. Nothing in this Agreement shall be construed as (a) altering the “at will” nature of
Mr. Cole’s employment with Calavo, (b) creating an employment contract for any minimum term of employment, or (c) requiring Mr. Cole to continue to serve as Calavo’s Chief Executive Officer and President. 

4. This Agreement shall be governed by California law. 
 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the day and year first written above. 

 

			
	CALAVO GROWERS, INC.
		
	By:	 	 /s/ Link Leavens

	Name:	 	Link Leavens
	Title:	 	First Vice-Chairman, Exec. Comm.
	  
 /s/ Lecil E.
Cole

	Lecil E. Cole

  
 2

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