Document:

Carbontronics II, LLC Unanimous Consent of Members

 Exhibit 10.19 
  
 CARBONTRONICS II, LLC 
  
 UNANIMOUS CONSENT OF MEMBERS 
  
 The undersigned, being all of the Members of Carbontronics II, LLC, a Delaware limited liability company (the “Company”), hereby agree as
follows: 
  
 1. Capitalized terms used herein without further
definition shall have their respective meanings as used in that certain Limited Liability Company Operating Agreement of Carbontronics II, LLC, dated as of January 29, 1998 (the “LLC Agreement”). 
  
 2. Pursuant to Section 3.4 of the LLC Agreement, each of the Members
hereby consents to the admission of Gencor Industries, Inc. (“Gencor”) as a new Member of the Company with a twenty-five (25%) percent Membership Interest in the Company, with all of the powers, rights, duties and obligations of a
Member under the LLC Agreement, subject only to (a) Gencor’s making a Capital Contribution (as defined in the LLC Agreement) to the Company in the amount of $333.30, and (b) Gencor’s execution of an instrument whereby it agrees
to be bound by the LLC Agreement and to perform in a timely manner all of the obligations and duties of a Member in the Company. 
  
 3. The Company shall reflect on its books the granting of a twenty-five (25%) percent Membership Interest to Gencor, such Membership Interest to be
created through a pro rata reduction of the Membership Interests of the existing Members of the Company, as reflected on Exhibit A hereto. 
  
 4. Contemporaneously with the admission of Gencor as a new Member of the Company, each of the existing Members of the Company and Gencor will enter into
an amendment to the LLC Agreement providing for (a) the appointment of an additional person designated by Gencor to the Management Committee, and (b) the substitution of Exhibit A hereto in place of the existing Exhibit A to the LLC
Agreement. 
  
 5. This document may be executed in one or more
counterparts, a complete set of which will constitute one original. 

 IN WITNESS WHEREOF, each of the Members of the Company has executed this consent as of the 15th day of June, 1999. 
  

			
	 C.C. PACE CAPITAL, L.L.C.

		
	 By:
	 	 /s/ James R. Treptow

	 	 	 Name: James R. Treptow

	 	 	 Title: President

	
	 CARBON RESOURCES, INC.

		
	 By:
	 	 /s/ Frederick J. Murrell

	 	 	 Name: Frederick J. Murrell

	 	 	 Title: President

	
	 MERIDIAN ENERGY CORPORATION

		
	 By:
	 	 /s/ Douglas E. Miller

	 	 	 Name: Douglas E. Miller

	 	 	 Title: President

	
	 MERIDIAN INVESTMENTS, INC.

		
	 By:
	 	 /s/ John F. Boc

	 	 	 Name: John F. Boc

	 	 	 Title: Chairman

	
	 COAL INVESTORS, L.L.C.

		
	 By:
	 	 /s/ John F. Boc

	 	 	 Name: John F. Boc

	 	 	 Title: Its Member

  

 2Second Amendment to Credit Agreement

 Exhibit 10.30 
  
 SECOND AMENDMENT TO CREDIT AGREEMENT 
  

THIS AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of December 1, 2005, by and between NATURAL ALTERNATIVES
INTERNATIONAL, INC., a Delaware corporation (“Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”). 
  
 RECITALS 
  
 WHEREAS, Borrower is currently indebted to Bank pursuant to the terms and conditions of that certain Credit Agreement between Borrower and Bank dated as
of May 1, 2004, as amended from time to time (“Credit Agreement”). 
  
 WHEREAS, Bank and Borrower have agreed to certain changes in the terms and conditions set forth in the Credit Agreement and have agreed to amend the Credit Agreement to reflect said changes. 
  
 NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree that the Credit Agreement shall be amended as follows: 
  
 1. Section 1.1.(a) is hereby amended by deleting “November 1, 2006” as the last day on which Bank will make advances under the Line of
Credit, and by substituting for said date “November 1, 2007,” with such change to be effective upon the execution and delivery to Bank of a promissory note dated as of December 1, 2005 (which promissory note shall replace and be
deemed the Line of Credit Note defined in and made pursuant to the Credit Agreement) and all other contracts, instruments and documents required by Bank to evidence such change. 
  
 2. Section 1.4.(a) is hereby deleted in its entirety, and the following substituted therefor: 
  
 “(a) Foreign Exchange Facility. Subject to the
terms and conditions of this Agreement, Bank hereby agrees to make available to Borrower a facility (the “Foreign Exchange Facility”) under which Bank, from time to time up to and including November 1, 2007, will enter into foreign
exchange contracts for the account of Borrower for the purchase and/or sale by Borrower in United States dollars of foreign currencies designated by Borrower; provided however, that the contact limit shall not at any time exceed an aggregate of One
Million Eight Hundred Thousand United States Dollars (US$1,800,000.00). No foreign exchange contract shall be executed for a term which extends beyond November 1, 2008. Borrower shall have a “Delivery Limit” under the Foreign Exchange
Facility not to exceed at any time the aggregate principal amount of Zero United States Dollars (US$0.00) with PVD (“Payment versus Delivery”) which will require Borrower to provide funds before the currency is delivered 

 
and this will eliminate the 1 or 2 business day settlement period and mitigate settlement risk. All foreign exchange transactions shall be subject to the
additional terms of a Foreign Exchange Agreement dated as of May 1, 2004 (“Foreign Exchange Agreement”), all terms of which are incorporated herein by this reference.” 
  
 3. Section 4.3.(d) is hereby deleted in its entirety, and the following substituted therefor: 
  
 “(d) not later than 15 days after and as of the end of
each month, an inventory collateral report, an aged listing of accounts receivable and accounts payable, and a reconciliation of accounts; semi-monthly collateral report if Borrower elects to use 35% concentration allowance for Obesity Research,
Fiber Thin and Mannatech, Inc., and not later than 30 days after and as of the end of each May and November, a list of the names, addresses and contact phone numbers of all Borrower’s account debtors;” 
  
 4. Sections 4.9.(b) and (d) are hereby deleted in their entirety, and
the following substituted therefor: 
  
 “(b)
Total Liabilities divided by Tangible Net Worth not greater than 1.25 to 1.0 until fiscal year end June 30, 2007 and not greater than 1.0 to 1.0, thereafter, with “Total Liabilities” defined as the aggregate of current liabilities and
non-current liabilities less subordinated debt, and with “Tangible Net Worth” as defined above. 
  
 (d) Fixed Charge Coverage Ratio not less than 1.25 to 1.0 as of each fiscal quarter end, with “Fixed Charge Coverage Ratio”
defined as the aggregate of net profit after taxes plus depreciation expense, amortization expense and net contributions, divided by the aggregate of the current maturity of long-term debt and capitalized lease payments.” 
  
 5. Sections 5.2., 5.3., 5.4., 5.5. and 5.9. are hereby deleted in their
entirety, and the following substituted therefor: 
  
 “SECTION 5.2. CAPITAL EXPENDITURES. Make any additional investment in fixed assets in any fiscal year in excess of an aggregate of $5,500,000.00. 
  

SECTION 5.3. LEASE EXPENDITURES. Incur operating lease expense in any fiscal year in excess of an aggregate of $500,000.00. 

 
 SECTION 5.4. OTHER INDEBTEDNESS. Create, incur, assume or
permit to exist any indebtedness or liabilities resulting from borrowings, loans or advances, whether secured or 

  

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unsecured, matured or unmatured, liquidated or unliquidated, joint or several, except (a) the liabilities of Borrower to Bank, (b) any other
liabilities of Borrower existing as of, and disclosed to Bank prior to, the date hereof, and (c) liabilities which may be obtained for NAI Europe not to exceed an aggregate of $1,000,000.00. 
  
 SECTION 5.5. MERGER, CONSOLIDATION, TRANSFER OF ASSETS.
Merge into or consolidate with any other entity; make any substantial change in the nature of Borrower’s business as conducted as of the date hereof; acquire all or substantially all of the assets of any other entity; nor sell, lease, transfer
or otherwise dispose of all or a substantial or material portion of Borrower’s assets except (a) in the ordinary course of its business, and (b) the acquisition of Real Health Laboratories, Inc. to be completed during fiscal year end
of 2006. 
  
 SECTION 5.9. PLEDGE OF ASSETS.
Mortgage, pledge, grant or permit to exist a security interest in, or lien upon, all or any portion of Borrower’s assets now owned or hereafter acquired, except any of the foregoing in favor of Bank or which is existing as of, and disclosed to
Bank in writing prior to, the date hereof, and liens to the extend permitted under Section 5.4. hereunder.” 
  
 6. Section 7.2. is hereby amended by deleting the reference to “Carlsbad LPO, 5857 Owens Avenue, Suite 106, Carlsbad, CA 92008” as the
Bank’s address, and by substituting therefor: “San Diego Regional Commercial Banking Office, 401 B Street, Suite 2201, San Diego, CA 92101” 
  
 7. In consideration of the set forth herein and as a condition to the effectiveness hereof, Borrower shall pay to Bank a non-refundable commitment fee
equal to $10,000.00, which fee shall be due and payable in full on November 1, 2006. 
  
 8. Except as specifically provided herein, all terms and conditions of the Credit Agreement remain in full force and effect, without waiver or modification. All terms defined in the Credit Agreement shall have the
same meaning when used in this Amendment. This Amendment and the Credit Agreement shall be read together, as one document. 
  
 9. Borrower hereby remakes all representations and warranties contained in the Credit Agreement and reaffirms all covenants set forth therein. Borrower
further certifies that as of the date of this Amendment there exists no Event of Default as defined in the Credit Agreement, nor any condition, act or event which with the giving of notice or the passage of time or both would constitute any such
Event of Default. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day and year
first written above. 
  

									
	 NATURAL ALTERNATIVES
 INTERNATIONAL,
INC.
	 	 	 	WELLS FARGO BANK,
NATIONAL ASSOCIATION
					
	 By:
	 	 /s/ Randell Weaver
	 	 	 	 By:
	 	 /s/ Bernie Palmer

	 	 	 Randell Weaver
 President
	 	 	 	 	 	 Bernie Palmer
 Vice President

			
	 	 	 	 	 
					
	By:	 	 /s/ John Reaves
	 	 	 	 	 	 
	 	 	 John Reaves
 Chief Financial Officer
	 	 	 	 	 	 

  

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