Document:

Exhibit 10.1

Exhibit 10.1 

NINTH AMENDMENT AND NOTE MODIFICATION AGREEMENT

THIS NINTH AMENDMENT (this “Amendment”) is made as of the 31st day of December, 2013 by and between KVH Industries, Inc., a Delaware corporation with its principal place of business located at 50 Enterprise Center, Middletown, Rhode Island (the “Borrower”), and Bank of America, N.A. (successor-by-merger with Fleet National Bank and assignee of Banc of America Leasing & Capital, LLC [itself a successor-by-merger with Fleet Capital Corporation]), a national banking association with a place of business located at 111 Westminster Street, Providence, Rhode Island (the “Lender”).

PURPOSE:

On July 17, 2003, the Borrower, Fleet Capital Corporation (predecessor‐in‐interest to Banc of America Leasing & Capital, LLC) and Fleet National Bank (predecessor‐in‐interest to the Lender, as issuing lender and cash management bank) entered into, among other things, that certain Amended and Restated Credit and Security Agreement (as amended to date, the “Credit Agreement”) providing for a line of credit (the “Line”) to the Borrower.

As further evidence of the Line, the Borrower executed and delivered that certain Amended and Restated Revolving Credit Note dated May 9, 2013 in the amount of $30,000,000 (as may be further amended, restated or replaced, the “Note”).

Banc of America Leasing & Capital, LLC assigned all of its rights in and to the Credit Agreement and the Note, together with any and all other documents executed and/or prepared in connection therewith (collectively, the “Loan Documents”), to the Lender pursuant to that certain Assignment and Assumption and Amendment and Note Modification Agreement dated as of July 17, 2006, by and among the Borrower, Bank of America Leasing & Capital, LLC and the Lender.  On December 28, 2006, the parties hereto entered into that certain Second Amendment and Note Modification Agreement, on August 20, 2007, the parties hereto entered into that certain Third Amendment and Note Modification Agreement, on December 31, 2008, the parties hereto entered into that certain Fourth Amendment and Note Modification Agreement, on June 9, 2011, the parties hereto entered into that certain Fifth Amendment and Note Modification Agreement, on March 1, 2012, the parties entered into that certain Sixth Amendment, on September 17, 2012 the parties entered into that certain Seventh Amendment, and on May 9, 2013, the parties entered into that certain Eighth Amendment. 

The Lender and the Borrower are desirous of extending the maturity date of the Line under the Credit Agreement.
 

NOW, THEREFORE, in consideration of the terms and conditions herein contained and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows (capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement):

1.The references to “December 31, 2014” appearing (a) in the definition of “Revolving Credit Maturity Date” set forth in Section 1.1 of the Credit Agreement, and (b) as the maturity date in the Note, are hereby amended to each read “December 31, 2015”.

2.Except as modified hereby, the Borrower hereby affirms and restates all of the covenants and agreements made and set forth in the Loan Documents and any and all other documents executed in connection therewith.  

3.All references to the Credit Agreement appearing in the Note, the Loan Documents and any and all other documents executed in connection therewith shall be deemed to mean the Credit Agreement as amended hereby.

4.Borrower represents and warrants to Lender that:  (a) Borrower has the full power and authority to execute, deliver and perform its respective obligations under, the Credit Agreement, as amended by this Amendment, (b) the execution and delivery of this Amendment have been duly authorized by all necessary action of the Board of Directors of Borrower; (c) the representations and warranties contained or referred to in the Credit Agreement are true and accurate in all material respects as of the date of this Amendment (except to the extent that such representations and warranties expressly relate to an earlier date or have been publicly disclosed in a prior filing with the Securities and Exchange Commission); and (d) no Event of Default has occurred and is continuing or will result after giving effect to this Amendment and the transactions contemplated by this Amendment and the Credit Agreement.  

5.This Amendment shall take effect upon the receipt by the Lender of (a) this Amendment duly executed by the Borrower and Lender; and (b) payment of all reasonable costs and expenses (including, without limitation, the reasonable costs and expenses of Lender’s counsel) incurred by Lender in connection with this Amendment.

6.Any provision of this Amendment which is prohibited or unenforceable under any jurisdiction shall, as to such jurisdiction, be ineffective, to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.

7.This Amendment is intended by the parties hereto as a final expression of this Amendment and is also intended as a complete and exclusive statement of the terms hereof.  No course of dealing, course of performance or trade usage, and no patrol or evidence of any nature shall be used to supplement or modify any terms hereof.

8.This Amendment has been negotiated, executed, and delivered in, and shall be deemed to have been made in the State of Rhode Island, and the validity of this Amendment, its construction, interpretation and enforcement, and the rights of the parties hereunder shall be determined under, governed by and construed in accordance with the internal laws (and not the law of conflicts) of the State of Rhode Island.

[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed on the date first above written.

	
		
	WITNESS:  /s/ Eileen Pribula
	KVH INDUSTRIES, INC.

By:  /s/ Peter Rendall
Name:  Peter Rendall
Title:  Chief Financial Officer

	 
	BANK OF AMERICA, N.A.

By:  /s/ Donald C. McQueen
Name:  Donald C. McQueen
Title:  Senior Vice PresidentExhibit 10.1

 

FOURTH AMENDMENT TO EXECUTIVE EMPLOYMENT
AGREEMENT

 

THIS FOURTH AMENDMENT
TO EXECUTIVE EMPLOYMENT AGREEMENT (“Amendment”), made as of January 7, 2014, by and between LAPOLLA INDUSTRIES, INC.,
a Delaware corporation (the “Company”) and CHARLES A. ZAJACZKOWSKI (the “Executive”).

 

WHEREAS, the parties have
previously entered into an Executive Employment Agreement effective May 10, 2010, as amended from time to time (collectively the
“Existing Agreement”); and

 

WHEREAS, the parties desire
to amend the Existing Agreement and enter into this Amendment to extend the Employment Term for an additional two years and increase
the auto allowance.

 

NOW, THEREFORE, in consideration
of the respective agreements of the parties contained herein, it is agreed as follows:

 

1.EFFECTIVE DATE. This Amendment
shall be effective as of December 31, 2013.

 

2.SECTION 1 OF THE EXISTING AGREEMENT,
“EMPLOYMENT TERM”, IS AMENDED IN ITS ENTIRETY TO READ AS FOLLOWS:

 

“1.EMPLOYMENT TERM.
Company hereby agrees to employ the Executive, and the Executive hereby accepts such employment for a period beginning on the Effective
Date and ending December 31, 2015, unless sooner terminated in accordance with Section 6 hereof (“Employment Period”).”

 

3.THE LAST SENTENCE OF SECTION 4.6
OF THE EXISTING AGREEMENT, “Expense Reimbursement”, IS AMENDED IN ITS ENTIRETY TO READ AS FOLLOWS:

 

“Company shall also
provide the Executive an automobile allowance, which allowance shall not exceed $700 per month.”

 

4.ENTIRE AGREEMENT.
This Amendment, together with the Existing Agreement, constitutes the entire agreement between the parties hereto with respect
to the terms of the Executive’s employment with the Company and together supersede all other prior agreements, if any, understandings
and arrangements, oral or written, between the parties hereto with respect to such subject matter, and the terms and conditions
of the Executive’s employment with the Company shall be governed solely pursuant to the terms of this Amendment and the Existing
Agreement. In the event of any conflict between the terms of this Amendment and the Existing Agreement, the terms of this Amendment
shall govern. Except as superseded by the terms of this Amendment, the terms of the Existing Agreement shall remain in full force
and effect as existing prior to the signing of this Amendment.

 

5.COUNTERPARTS.
This Amendment may be executed in counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument.

 

6.CONSULTATION AND REVIEW BY INDEPENDENT
COUNSEL. Executive represents to Company that he has consulted with and been advised by independent counsel of his own
choosing in connection with the negotiation of the form and substance of this Amendment prior to its execution.

 

IN WITNESS WHEREOF,
the Company has caused this Amendment to be executed by its duly authorized representative and the Executive has executed this
Amendment as of the day and year below.

 

	LAPOLLA INDUSTRIES, INC.	 	 	EXECUTIVE	 	 
	 	 	 	 	 	
	By: /s/ Michael T. Adams, EVP	 	1/7/14 	By: /s/ Charles A. Zajaczkowski	 	  1/7/14
	Name:  Michael T. Adams	 	  Date	Name:  Charles A. Zajaczkowski	 	    Date
	Title:  Executive Vice PresidentExhibit 4.1

 

CUSIP [                  ]

 

BOULEVARD ACQUISITION CORP.

 

UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND
 ONE-HALF OF ONE WARRANT TO PURCHASE ONE SHARE OF COMMON STOCK

 

THIS CERTIFIES THAT                                                                                                                                is the owner of                                                                                  Units.

 

Each Unit (“Unit”) consists of one (1) share of common stock, par value $0.0001 per share (“Common Stock”), of Boulevard Acquisition Corp., a Delaware corporation (the “Company”), and one-half of one warrant (the “Warrant”).  Each whole Warrant entitles the holder to purchase one (1) share (subject to adjustment) of Common Stock for $11.50 per share (subject to adjustment).  Each Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”), or (ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”).  The Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately prior to                         , 20      , unless Citigroup Global Markets Inc. elects to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the offering and issuing a press release announcing when separate trading will begin.  The terms of the Warrants are governed by a Warrant Agreement, dated as of                           , 2014, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof.  Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 17 Battery Place, New York, New York 10004, and are available to any Warrant holder on written request and without cost.

 

This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

 

Witness the facsimile signature of its duly authorized officers.

 

	
 
    	
 
    	
 
    
	
Secretary
    	
 
    	
President
    

 

Boulevard Acquisition Corp.

 

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights.

 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	
TEN   COM
    	
—
    	
 
    	
as   tenants in common
    	
 
    	
UNIF   GIFT MIN ACT
    	
 
    	
—
    	
 
    	
 
    	
 
    	
Custodian
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
TEN   ENT
    	
—
    	
 
    	
as   tenants by the entireties
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
(Cust)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
(Minor)
   Under Uniform Gifts to Minors
    

 

 

	
JT   TEN
    	
—
    	
 
    	
as   joint tenants with right of survivorship and not as tenants in common 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Act
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
(State)
    

 

Additional abbreviations may also be used though not in the above list.

 

For value received,                            hereby sell, assign and transfer unto                             

 

PLEASE INSERT SOCIAL SECURITY OR

OTHER

IDENTIFYING NUMBER OF ASSIGNEE

 

	
 
    
	
(PLEASE PRINT OR TYPWRITE   NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
    
	
 
    
	
 
    
	
 
    
	
 
    
	
 
    
	
 
    	
 
    
	
 
    
	
                                                          Units represented by the within Certificate, and do hereby irrevocably   constitute and appoint
    
	
 
    
	
                                                                          Attorney   to transfer the said Units on the books of the within named Corporation with   full power of substitution in the premises.
    
	
 
    
	
Dated:
    	
 
    	
 
    	
 
    
					

 

	
 
    	
 
    
	
 
    	
Notice:  The signature to this   assignment must correspond with the name as written upon the face of the   certificate in every particular, without alteration or enlargement or any   change whatever.
    

 

	
Signature(s) Guaranteed:
    	
 
    
	
 
    	
 
    	
 
    
	
THE   SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION   (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH   MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO   S.E.C. RULE 17Ad-15).
    	
 
    
			

 

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