Document:

ex4c.htm

Exhibit 4(c)

Variable Annuity Large Account Credit Amendment

(“Amendment”)

This Amendment is part of the Contract to which it is attached and is effective upon the Contract Date.  In the event of a conflict with any provision of the Contract, the provisions of this Amendment will control.

This Amendment provides for an amount to be credited to the Contract Value on a quarterly basis if the Large Account Credit Threshold and  the conditions described below are satisfied.

Large Account Credit Rate:  [xx%]

Large Account Credit Threshold:  $ [1,000,000]

Large Account Credit is an amount credited to the Contract Value as determined on a Quarterly Valuation Date.  The Large Account Credit amount, if any,  is not considered a Purchase Payment.

Quarterly Valuation Date is the first Valuation Date of every third month following the Contract Date and is the date a Large Account Credit, if any, is paid into this Contract.  This is also the date used to calculate Purchase Payments received, withdrawals taken and the Contract Value used to determine the amount of any Large Account Credit that may be applied.

DETERMINATION OF THE LARGE ACCOUNT CREDIT AMOUNT

	
A.  

	
Large Account Credit in the First Contract Year

A Large Account Credit will be paid on each Quarterly Valuation Date in the first Contract Year if either of the following conditions is satisfied:

	
(1)  

	
the total Purchase Payments less withdrawals since the Contract Date equals or exceeds the Large Account Threshold; or

	
(2)  

	
 the Contract Value equals or exceeds the Large Account Credit Threshold.

The amount of the Large Account Credit during the first Contract Year is equal to the Large Account Credit Rate times the greater of (a) or (b) where:

	
(a)  

	
on a Quarterly Valuation Date is the total Purchase Payments less withdrawals since the Contract Date, and

(b)  is the value of the Variable Account on a Quarterly Valuation Date.

	
B.  

	
Large Account Credit after the First Contract Year

A Large Account Credit will be paid if the Contract Value on a Quarterly Valuation Date equals or exceeds the Large Account Credit Threshold.

The amount of the Large Account Credit after the first Contract Year is equal to (1) times (2), where:

	
(1)  

	
is the Large Account Credit Rate; and

	
(2)  

	
is the value of the Variable Account on a Quarterly Valuation Date.

No additional charge will be assessed for the Large Account Credit.  The Large Account Credit will be allocated to the Variable Subaccounts in proportion to the value in each Variable Subaccount at the time the Large Account Credit is paid into this Contract.  The Large Account Credits will purchase Accumulation Units from the Variable Subaccounts at the Accumulation Unit Values as of the Quarterly Valuation Date.

TERMINATION of LARGE ACCOUNT CREDIT

The Company will no longer apply a Large Account Credit amount if either of the following conditions is met:

	
(a)  

	
payments  commenced on the Annuity Commencement Date  ; or

	
(b)  

	
the Lifetime Income Period begins under the Variable Annuity Payment Option Rider attached to this Contract.

[If any Large Account Credit amount was applied on a Quarterly Valuation Date immediately preceding condition (a) or (b) above,   the MORTALITY AND EXPENSE RISK AND ADMINISTRATIVE CHARGE ON OR AFTER THE ANNUITY COMMENCEMENT DATE will be [reduced by] [x.xx]%.  Such reduction will commence on the effective date of the conditions in (a) or (b) above is satisfied]

The following is added to the Waiver of Contingent Deferred Sales Charge (CDSC), as it appears on the contract specifications.

Any reference to “Owner” as it appears under Waiver of Contingent Deferred Sales Charge (CDSC) is modified to reference “original Owner”.

The text of part (e) under Waiver of Contingent Deferred Sales Charge is modified to:

 

e.  A surrender or withdrawal as a result of the death of the Owner or Annuitant, provided the Annuitant has not been changed for any reason other than the death of a prior named Annuitant.  This waiver does not apply if a surviving spouse assumes ownership.

The Lincoln National Life Insurance Company

[Missing Graphic Reference]

Charles A. Brawley, III, Secretary

AR-568EXHIBIT 10.1

SECOND
Amendment to Loan and security agreement

THIS
SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 9th day
of January, 2014 (the “Closing Date”), by and between SILICON VALLEY BANK, a California corporation (“Bank”)
and UROLOGIX, INC., a Minnesota corporation (“Borrower”).

Recitals

A.                 
Bank and Borrower have entered into that certain Loan and Security Agreement dated as of January
11, 2012 (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”).

B.                 
Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement.

C.                 
Borrower has requested that Bank extend the Revolving Line Maturity Date and make certain
other revisions to the Loan Agreement as more fully set forth herein.

D.                 
Although Bank is under no obligation to do so, Bank is willing to extend the Revolving Line
Maturity Date and make certain other revisions to the Loan Agreement, but only to the extent, in accordance with the terms, subject
to the conditions and in reliance upon the representations and warranties set forth below.

Agreement

Now,
Therefore, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy
of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

1.                  
Definitions. Capitalized terms used but not defined
in this Amendment, including its preamble and recitals, shall have the meanings given to them in the Loan Agreement.

2.                  
Amendments to Loan Agreement.

2.1               
Section 13 (Definitions). The definition of “Revolving
Line Maturity Date” set forth in Section 13.1 of the Loan Agreement is hereby amended by deleting it in its entirety and
replacing it with the following:

“Revolving Line
Maturity Date” is February 11, 2014.

3.                  
Limitation of Amendments.

3.1               
The amendments set forth in Section 2, are effective for the purposes set forth herein
and shall be limited precisely as written and shall not be deemed to be a consent to any amendment, waiver or modification of any
other term or condition of any Loan Document, or  otherwise prejudice any right or remedy which Bank may now have or may have
in the future under or in connection with any Loan Document.

    	 

    	 

    

 

3.2               
This Amendment shall be construed in connection with and as part of the Loan Documents
and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein
amended, are hereby ratified and confirmed and shall remain in full force and effect.

3.3               
In addition to those Events of Default specifically enumerated in the Loan Documents,
the failure to comply with the terms of any covenant or agreement contained herein shall constitute an Event of Default and shall
entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan Documents as
a result of the occurrence of the same. 

4.                  
Representations and Warranties. To induce Bank to
enter into this Amendment, Borrower hereby represents and warrants to Bank as follows:

4.1               
Immediately after giving effect to this Amendment (a) the representations and warranties
contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent
such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no
Event of Default has occurred and is continuing;

4.2               
Borrower has the power and authority to execute and deliver this Amendment and to perform
its obligations under the Loan Agreement, as amended by this Amendment;

4.3               
The organizational documents of Borrower delivered to Bank on the Closing Date are true,
accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect;

4.4               
The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized;

4.5               
The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene  any law or regulation
binding on or affecting Borrower,  any contractual restriction with a Person binding on Borrower,  any order, judgment
or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or  the
organizational documents of Borrower;

4.6               
The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license,
authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority,
or subdivision thereof, binding on Borrower, except as already has been obtained or made; and

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4.7               
This Amendment has been duly executed and delivered by Borrower and is the binding obligation
of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating
to or affecting creditors’ rights.

5.                  
Integration. This Amendment and the Loan Documents
represent the entire agreement about this subject matter and supersede prior negotiations or agreements. All prior agreements,
understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and
the Loan Documents merge into this Amendment and the Loan Documents.

6.                  
Counterparts. This Amendment may be executed in any
number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument.

7.                  
Effectiveness. This Amendment shall be deemed effective
upon  the due execution and delivery to Bank of this Amendment by each party hereto, Borrower’s payment of an extension
fee to Bank in an amount equal to One Thousand Two Hundred Fifty Dollars ($1,250), and   payment of Bank’s legal fees
and expenses in connection with the negotiation and preparation of this Amendment.

[Signature page follows.]

 

 

 

 

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In
Witness Whereof, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first
written above.

 

 

	BANK
	 	 
	SILICON VALLEY BANK
	 	 
	By:    	/s/  Kimberly A. Stover
	 	Name:  Kimberly A. Stover
	 	Title:  Vice President
	 	 
	BORROWER:
	 	 
	UROLOGIX, INC.
	 	 
	By:	/s/  Brian J. Smrdel
	 	Name:  Brian J. Smrdel
	 	Title:  Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature Page to Second Amendment to Loan and Security
Agreement]

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