Document:

Exhibit 10.56

 

MGP INGREDIENTS, INC.

AGREEMENT AS TO AWARD OF RESTRICTED SHARES

GRANTED UNDER THE NON-EMPLOYEE

DIRECTORS’ RESTRICTED STOCK PLAN

 

	
  Date
  of Grant: October 17, 2008

  	
   

  
	
  Time
  of Grant: Close Market

  	
  Restricted Shares

  

 

In accordance with and
subject to the terms and restrictions set forth in the MGP Ingredients, Inc.
Non-Employee Directors’ Restricted Stock Plan (the “Plan”) and this Agreement, MGP
INGREDIENTS, INC., a Kansas corporation (the “Company”), hereby grants to the Director
named below (“Participant”) the number of Restricted Shares of Common Stock of
the Company as set forth below:

 

Participant:
John Speirs

Number
of Restricted Shares under the Plan: 5,274

 

NOW, THEREFORE, the Company
and the Participant hereby agree to the following terms and conditions:

 

1.                                      Issuance of
Restricted Shares.  The shares
described above are being issued by the Company to the Participant as restricted
shares pursuant to the terms and provisions of the Plan, a true copy of which is
attached hereto as Exhibit A and incorporated herein by reference.  Upon the execution of this Agreement, the
Company shall issue in the Participant’s name the aggregate number of restricted
shares described above, subject to the provisions of the Plan requiring that
such certificate or certificates be held in the custody of the Company.

 

2.                                      Vesting in
Restricted Shares.  Subject to
the provisions of the Plan, restricted shares shall vest in the Participant
upon the Participant’s completion of three (3) full years of service on
the Board of Directors of the Company (“Vesting Period”) commencing on October 17,
2008.  The restricted shares issued to
the Participant shall be forfeited to the Company if the Participant resigns as
a director during his or her term and prior to the end of the Vesting
Period.  The restricted shares are
subject to accelerated vesting as provided in the Plan.

 

3.                                      Restriction on
Transfer. The Participant may not sell, assign, transfer,
pledge, hypothecate, or otherwise dispose of any restricted shares to any other
person or entity during the Vesting Period. 
Any disposition or purported disposition made in violation of this paragraph
shall be null and void, and the Company shall not recognize or give effect to
such disposition on its books and records.

 

4.                                      Legend on
Certificates.  In order
that all potential transferees and others shall be put on notice of this
Agreement and so long as the risk of forfeiture exists under the Plan, each certificate
evidencing ownership of the restricted shares issued pursuant to the Plan (and
any replacements thereto) shall bear a legend in substantially the following
form:

 

 

“The
shares evidenced by this Certificate have been issued pursuant to the MGP
Ingredients, Inc. Non-Employee Directors’ Restricted Stock Plan and a
related agreement (the “Agreement”) between the Company and the registered
holder.  The holder’s rights are subject
to the restrictions, terms and conditions of the Plan, which restricts the
transfer of the shares and subjects them to forfeiture to the Company under the
circumstances referred to in the Agreement. 
This legend may be removed when the holder’s rights to the shares vest
under the Plan.”

 

5.                                      Controlling
Provisions.  The
provisions of the Plan shall apply to the award made under this Agreement.  In the event of a conflict between the
provisions of this Agreement and the Plan, the provisions of the Plan will
control.

 

IN WITNESS WHEREOF, this
Instrument has been executed as of this 16th day of February, 2009.

 

	
   

  	
  MGP
  INGREDIENTS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

   

  	
  

  
	
   

  	
   

  	
  Timothy
  W. Newkirk

  
	
   

  	
   

  	
  President
  and Chief Executive Officer

  
				

 

ACKNOWLEDGEMENT

 

I understand and agree that
the Restricted Shares to be acquired by me are subject to the terms, provisions
and conditions hereof and of the Plan, to all of which I hereby expressly assent.  This Agreement shall be binding upon and inure
to the benefit of the Company, myself, and our respective successors and legal
representatives.

 

This Agreement constitutes
the entire agreement between the parties with respect to the subject matter hereof,
and may not be modified, amended, renewed or terminated, nor may any term,
condition or breach of any term or condition be waived, except in writing
signed by the parties sought to be bound thereby.  Any waiver of any term, condition or breach
shall not be a waiver of any term or condition of the same term or condition
for the future or any subsequent breach. 
In the event of the invalidity of any part or provision of this
Agreement, such invalidity shall not affect the enforceability of any other part
or provision of this Agreement.

 

Signed this                   
day of February, 2009.

 

	
   

  	
   

  
	
   

  	
  Signature of Participant

  

 

2Exhibit 10.1

 

ACCESSION AGREEMENT dated as of September 8,
2009 (this “Agreement”), among BARCLAYS BANK PLC (the “Increasing
Lender”), AGILENT TECHNOLOGIES, INC. (the “Company”) and JPMORGAN
CHASE BANK, N.A., as administrative agent (the “Administrative Agent”).

 

A. 
Reference is hereby made to the Five-Year Credit Agreement dated as of May 11,
2007 (as amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Company, the Borrowing Subsidiaries from time to
time party thereto, the Lenders from time to time party thereto and JPMorgan
Chase Bank, N.A., as Administrative Agent.

 

B. 
Capitalized terms used but not otherwise defined herein shall have the
meanings assigned to them in the Credit Agreement.

 

C. 
Pursuant to Section 2.08(d) of the Credit Agreement, the
Company has invited the Increasing Lender, and the Increasing Lender desires,
to become a party to the Credit Agreement and to assume the obligations of a
Lender thereunder.  The Increasing Lender
is entering into this Agreement in accordance with the provisions of the Credit
Agreement in order to become a Lender thereunder.

 

Accordingly, the Increasing Lender, the
Company and the Administrative Agent agree as follows:

 

SECTION 1.  Accession to
the Credit Agreement. (a) The Increasing Lender, as of the Effective
Date (as defined below), hereby accedes to the Credit Agreement and shall
thereafter have the rights and obligations of a Lender thereunder with the same
force and effect as if originally named therein as a Lender.

 

(b) The Commitment of the Increasing
Lender shall equal the amount set forth opposite its signature hereto.

 

(c) The amount of the Increasing Lender’s
Commitment hereby supplements Schedule 2.01 to the Credit Agreement.

 

SECTION 2.  Representations
and Warranties, Agreements of Increasing Lender, etc.  The Increasing Lender (a) represents and
warrants that it has full power and authority, and has taken all action
necessary, to execute and deliver this Agreement and to become a Lender under
the Credit Agreement; (b) confirms that it has received a copy of the
Credit Agreement, together with copies of the most recent financial statements
delivered pursuant to Section 5.01 of the Credit Agreement and such other
documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Agreement independently and without
reliance on the Administrative Agent or any other Lender; (c) confirms
that it will independently and without reliance on the Administrative Agent or
any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement; (d) agrees that it will
perform, in accordance with the terms of the Credit Agreement, all the
obligations that by the terms of the Credit Agreement 

 

Signature
page to the Accession Agreement

 

 

are required to be performed by it as a
Lender; and (e) authorizes the Administrative Agent to take such actions
on its behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms of the Credit Agreement, together with such
actions and powers as are reasonably incidental thereto.

 

SECTION 3.  Effectiveness.  This Agreement shall become effective as of September 8,
2009 (the “Effective Date”), subject to (a) the Administrative
Agent’s receipt of (i) counterparts of this Agreement duly executed on
behalf of the Increasing Lender and the Company, (ii) the documents
required to be delivered by the Company under the penultimate sentence of Section 2.08(d) of
the Credit Agreement, (iii) an Administrative Questionnaire duly completed
by the Increasing Lender and (iv) all fees and other amounts due and
payable for the account of the Increasing Lender from the Company and (b) the
representations of the Borrowers set forth in Sections 3.04(b) and 3.05(a) of
the Credit Agreement shall be true and correct on and as of such date.

 

SECTION 4.  Counterparts.  This Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each
of which shall constitute an original, but all of which when taken together
shall constitute a single contract. 
Delivery of an executed counterpart of a signature page of this
Agreement by facsimile or other electronic image scan transmission shall be as
effective as delivery of a manually executed counterpart of this Agreement.

 

SECTION 5.  Governing Law.  THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

 

SECTION 6.  Severability.  In case any one or more of the provisions
contained in this Agreement should be held invalid, illegal or unenforceable in
any respect, none of the parties hereto shall be required to comply with such
provision for so long as such provision is held to be invalid, illegal or
unenforceable, but the validity, legality and enforceability of the remaining
provisions contained herein and in the Credit Agreement shall not in any way be
affected or impaired.  The parties hereto
shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the invalid, illegal or unenforceable provisions.

 

SECTION 7.  Notices.  All communications and notices hereunder
shall be in writing and given as provided in Section 10.01 of the Credit
Agreement.  All communications and
notices hereunder to the Increasing Lender shall be given to it at the address
set forth in its Administrative Questionnaire.

 

2

 

IN WITNESS WHEREOF, the Increasing Lender,
the Company and the Administrative Agent have duly executed this Agreement as
of the day and year first above written.

 

	
  Commitment

  	
  BARCLAYS
  BANK PLC,

  
	
  $30,000,000

  	
   

  
	
   

  	
  by

  	
   

  
	
   

  	
   

  	
  /s/
  David Barton

  
	
   

  	
   

  	
  Name:
  David Barton

  
	
   

  	
   

  	
  Title:
  Director

  

 

Signature
page to the Accession Agreement

 

 

	
   

  	
  AGILENT
  TECHNOLOGIES, INC.,

  
	
   

  	
   

  
	
   

  	
  by

  	
   

  
	
   

  	
   

  	
  /s/
  Hillard C. Terry, III

  
	
   

  	
   

  	
  Name:
  Hilliard C. Terry, III

  
	
   

  	
   

  	
  Title:
  Vice President, Treasurer

  

 

Signature
page to the Accession Agreement

 

 

	
   

  	
  JPMORGAN
  CHASE BANK, N.A., as Administrative Agent,

  
	
   

  	
   

  
	
   

  	
  by

  
	
   

  	
   

  	
  /s/
  Ann B. Kerns

  
	
   

  	
   

  	
  Name:
  Ann B. Kerns

  
	
   

  	
   

  	
  Title:
  Vice President

  

 

Signature
page to the Accession Agreement

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