Document:

Second Loan Modification Agreement

 Exhibit 10.1 
 SECOND LOAN MODIFICATION AGREEMENT 
 This Second Loan
Modification Agreement (“Second Modification”) is made this 30th day of January, 2012, by and between KEY TRONIC CORPORATION, a Washington corporation (hereinafter referred to as “Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (hereinafter referred
to as “Lender”). 
 RECITALS 
 A. On or about August 19, 2009, Borrower made, executed and delivered to Lender a Revolving Line of Credit Note in the maximum principal amount of $20,000,000.00 (the “Note”), together with
a Credit Agreement (the “Credit Agreement”), as thereafter amended and modified by that certain Loan Modification of Agreement dated as of November 4, 2010 (the “Modification”, together with the Credit Agreement,
collectively, the “Credit Agreement”), setting forth the terms and conditions of Borrower’s obligation to Lender with respect to advances made under the Note. Borrower’s obligations to Lender under the Note are secured, in part,
by (i) the Collateral described in the Credit Agreement; (ii) the Collateral described in the Security Agreement: Equipment; and (iii) the Pledged Collateral described in the Pledge and Security Agreement. 

B. Borrower has requested that Lender: (i) extend the Maturity Date of the Note; and (ii) modify certain terms of the Credit
Agreement. Lender is willing to accommodate Borrower’s request, subject to Borrower’s payment of certain fees, as hereinafter described, and various other conditions, all as set forth in this Second Modification. 

C. The Note, Credit Agreement, Security Agreement: Equipment, and Security and Pledge Agreement may hereinafter be referred to as the
“Loan Documents”. Capitalized terms used herein, which are not otherwise defined, shall have the meaning ascribed to such terms in the Credit Agreement. 
 NOW, THEREFORE, in consideration of the foregoing, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows:

 SECTION 1. Modification of Terms. Subject to satisfaction of the conditions in Section 2 hereof, the terms of the Loan Documents
shall be modified as follows: 
 1.1 Modifications to Credit Agreement. Certain definitions included in Article I of the
Credit Agreement are amended, deleted or added as follows: 
 1.1.1 The first full sentence of Section 1.1
in Article I is hereby amended, modified and replaced, in its entirety, with the following: 

 ... Subject to the terms and conditions of this Agreement, as modified
concurrently herewith, Bank hereby agrees to make advances to Borrower from time to time up to and including October 15, 2016, not to exceed at any time the aggregate principal amount of Thirty Million and 00/100 Dollars ($30,000,000.00)
(“Line of Credit”), the proceeds of which shall be used by Borrower for working capital and general corporate purpose needs of the Borrower and subsidiaries. .... 
 1.2 Modification of Revolving Line of Credit Note. The last sentence of Section 3(a) of the Note is hereby amended, modified and replaced in its entirety with the following: 

... The outstanding principal balance of this Note shall be due and payable in full on October 15, 2016.

 1.3 Remaining Loan Documents. The remaining Loan Documents, including, without limitation, the Security Agreement:
Equipment and the Pledge and Security Agreement, are hereby amended and modified to provide that they further and additionally secure the payment and performance of Borrower’s obligations under the Loan, as amended by this Second Modification.

 SECTION 2. Conditions to Modifications. The modifications set forth in Section 1 are conditioned upon and shall only become
effective when all of the following conditions have been satisfied. 
  

	 	2.1	No Default. There shall be no default under the Loan Documents. 

  

	 	2.2	No Material Adverse Change. There shall be no material or adverse change in the financial condition or management of Borrower or noncompliance with the terms and
conditions of Borrower’s existing credit facilities. 

  

	 	2.3	Execution of Second Modification. Borrower shall have executed and delivered this Second Modification to Lender. 

 

	 	2.4	Payment of Fees. Borrower shall have: (i) paid all other fees required under the Credit Agreement, as amended by this Second Modification; and
(ii) reimbursed Lender for its attorney’s fees and costs incurred in connection with this Second Modification. 

SECTION 3. Representations, Warranties and Covenants of Borrower. Borrower hereby acknowledges that the Loan Documents are legally valid and
enforceable obligations in accordance with their terms, as modified herein, and that its obligations under the Loan Documents are free of any defenses or claims for set-off, recoupment or counterclaims of any nature whatsoever. Borrower acknowledges
that it has no defenses to payment and performance of its obligations under the Loan Documents, and, if any such defenses exist, Borrower hereby waives and releases such defenses. As of the date of this Second Modification, Borrower affirmatively
acknowledges that Lender has fully performed each and every obligation required of it under the Loan Documents and Borrower knowingly, intentionally and expressly waives any disputes with or claims against Lender in connection with or in any way
related to the Loan Documents. 

 SECTION 4. Not a Novation. This Second Modification constitutes a modification and not a novation of
the Loan Documents and therefore the Loan Documents, as modified by this Second Modification, shall remain in full force and effect. 

SECTION 5. No Implied Modification. Except as specifically provided in this Second Modification, the terms of the Loan Documents shall not be
considered as modified, released, altered or affected. It is further agreed that any and all other documents entered into between Lender and Borrower to evidence or secure the Loan shall remain in full force and effect unless specifically canceled
or amended by an instrument in writing signed by the Lender. 
 SECTION 6. Counterparts. This Second Modification may be executed in any
number of counterparts, each of which shall be deemed to be an original, and all of which together shall be deemed one and the same instrument. 

SECTION 7. Incorporation of Recitals. Recitals A though C above are hereby incorporated in the substantive provisions of this Second Modification.

 SECTION 8. Electronic Authorization. The parties agree to accept a digital image(s) of the Loan Documents and this Second
Modification, as executed, as true and correct originals of the same, admissible in any proceeding as best evidence for the purposes of state law, state rules of civil procedure, Federal Rules of Evidence 1002, and like rules, statutes and
regulations. 
 ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT
ENFORCEABLE UNDER WASHINGTON LAW. 
 IN WITNESS WHEREOF, the parties hereto have duly executed this Second
Modification as of the date first written above. 
  

									
		  	BORROWER:	 	KEY TRONIC CORPORATION,	 	
		  		 	a Washington corporation	 	
					
		  		 	By:	 	/s/ Ronald F. Klawitter	 	
		  		 	Name:	 	Ronald F. Klawitter	 	
		  		 	Title:	 	CFO	 	
				
		  	LENDER:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,	 	
					
		  		 	By:	 	/s/ David Menard	 	
		  		 	Name:	 	David Mendard	 	
		  		 	Title:	 	VPExecutive Employment Agreement

 Exhibit 10.1 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Executive Employment Agreement, dated
January 28, 2012 (the “Agreement”), is by and between ORAGENICS, INC., a Florida corporation, (the Company”), and Michael Sullivan (the “Executive”). 

WHEREAS, the Company is a biotechnology company currently engaged in the business of research, development, and sales of
proprietary products and technologies; 
 WHEREAS, the Company desires to employ Executive and Executive desires to
become employed with the Company; and 
 WHEREAS, the Company wishes to assure itself of the continued services of the
Executive on a non-interim basis for the period provided in this Agreement and the Executive is willing to serve in the employ of the Company for such period upon the terms and conditions hereinafter set forth. 

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties intending to be legally bound, hereby agree as follows:

  

	 	1.	EMPLOYMENT. 

 The Company hereby
agrees to employ the Executive upon the terms and conditions herein contained, or as modified by future agreement between the parties, and the Executive hereby agrees to accept such employment for the term described below. The Executive agrees to
serve as the Company’s Chief Financial Officer during the term of this Agreement. 
  

	 	2.	TERM OF AGREEMENT. 

 The term of
this Agreement shall be for an indefinite period that shall commence on February 6, 2012 (the “Effective Date”), and shall end when the employment relationship is terminated by either party as set forth below. 

 

	 	3.	SALARY AND BONUS 

 The Executive
shall receive an initial annual base salary during the term of this Agreement at a rate of $180,000 per annum, payable in installments consistent with the Company’s normal payroll schedule. The Board shall review this base salary periodically,
and may adjust the Executive’s annual base salary from time to time as the Board deems to be appropriate. 
 The Executive
shall also be eligible to receive bonuses from the Company during the term of this Agreement in the discretion of the Compensation Committee of the Board of Directors, as approved by the full board. Notwithstanding the foregoing, the Executive shall
also be eligible to receive performance bonus compensation from the Company during the term of this Agreement of up to 25% of his annual 

  
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base salary based on appropriate Company based and individual based targets in the discretion of the Compensation Committee as approved by the full Board of Directors within 60 days. Such
performance based bonuses shall be prorated for the remaining portion of the current fiscal year. Thereafter, the targets for each year shall be established by March 31 of that year. If awarded, any bonus shall be paid only if the Compensation
Committee has completed its year-end review of the Company’s financial statements and other financial performance for the year and has certified that the Executive has satisfied his performance targets for the year; such certification shall
occur during the period commencing January 1 and ending February 28 of the year following the year for which the Executive’s employment is being assessed. If the Compensation Committee certifies that the performance bonus has been
earned, such bonus shall be paid on or before March 31 of such year. 
  

	 	4.	ADDITIONAL COMPENSATION AND BENEFITS 

 Executive shall be eligible for participation in the Company’s long-term incentive program for certain key employees and for awards under the Company’s Amended and Restated 2002 Stock Option and
Incentive Plan, each as determined by the Board of Directors in its discretion. 
 The Executive shall receive additional
benefits as set forth in the Employee Handbook, except that the Executive shall in lieu of the vacation time set forth therein receive up to four weeks paid vacation per annum, provided that no more than two years of vacation time may be allowed to
accrue, with accrued vacation time in excess of eight weeks being subject to forfeiture. 
 Employee shall be reimbursed for
reasonable expenses incurred in connection with maintaining his license as a certified public accountant and attending any continuing professional education programs, including the costs associated with participation in a continuing education
program. 
  

	 	5.	TERMINATION. 

 (a) Voluntary
Termination by the Executive. If the Executive resigns or otherwise voluntarily terminates his employment, the Executive shall be entitled to receive from the company his base salary through termination (including any mutually agreeable notice
period) and any accrued but unpaid vacation time and other benefits as set forth in the Employee Handbook or this Agreement. 

(b) Involuntary Termination Without Cause by the Company. In the event that the Executive is involuntarily Terminated Without Cause by
the Company, the Executive shall receive in addition to his accrued vacation time and other benefits as set forth in the Employee Handbook, the following additional benefits: 
 1) Six months salary, plus all accrued vacation time and other benefits as set forth in the Employee Handbook. 
 2) Outplacement services at the expense of the Company at a cost not to exceed $7,500.00. 
 (c) Termination for Cause. In the event that the Executive is terminated for cause, the Executive shall be entitled to receive the full payment for accrued vacation time and other accrued benefits as set
forth in the Employee Handbook. For the purposes of this section “Cause” shall be defined as any action that is illegal, immoral, or improper that reflects on the Company, the Employee, or the ability of either to function optimally.

  
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 (d) Death or Disability. In the event of the Employees death, the Employees Estate shall be
paid the Executives salary as it would have accrued over a period of thirty (30) days after the Executive’s death, and the Company shall extend the Executive’s estate’s right to exercise vested stock options for six months,
provided such extension is permitted under the Stock Option Plan. In the event the Executive becomes disabled (as defined by company’s short and long-term disability benefit insurance policies), the company shall pay to the Executives salary as
it would have accrued over a period of thirty (30) days after the Executive becomes disabled, and the Company shall extend the Executive’s right to exercise vested stock options for six months, provided such extension is permitted under
the Stock Option Plan. 
  

	 	6.	CHANGE OF CONTROL OF THE COMPANY 

In the event of a change of control of the Company, all employee stock options (excluding performance based awards) awarded to the
Executive will be fully and immediately vested. If such change of control results in involuntary separation from employment for the Executive from the Company, or its successor within 180 days of such change of control, the Executive shall have the
following rights and benefits: 
  

	 	(1)	The Executive shall receive six months of salary and the extension of his benefits (excluding vacation time and paid time off) for said six months period;

  

	 	(2)	The Executive’s right to exercise vested options shall be extended to six months from the date of separation, provided said extension is allowed under the
Company’s Stock Option Plan. 

 For the purpose of this section of the Agreement, the following definitions shall apply:

  

	 	(1)	“Involuntary Separation from Employment” shall be defined as either: 1) termination without cause; 2) any reduction in responsibilities or office altering the
status of the Executive as an employee; or 3) the duplication of the Executive’s position by an equivalent executive in the acquiring entity. 

  

	 	(2)	“Change in Control” shall be defined as “The sale of the entire company, or substantially all of its assets, or the sale of the business unit employing
an individual which result in the termination of employment or subsequent transfer of the employment relationship to another legal entity, or any single party acquiring more shares than are owned by the Koski Family Limited Partnership including its
members and their immediate families (including spouses and their children). 

  

	 	7.	LEGAL ACTION AGAINST THE EXECUTIVE REGARDING ACTIONS TAKEN WITHIN THE SCOPE OF EMPLOYMENT 

In the event that the Executive is named as a party in any lawsuit regarding any action taken within the scope of employment, the Company
shall provide legal representation and indemnification to the Employee, provided that the Executive agrees to be represented by the Company’s counsel, and the Executive agrees to execute a waiver of conflicts of interest satisfactory to the
Company’s attorneys that would permit them to provide such representation under the rules of the Florida Bar Association. 

  
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	 	8.	WITHHOLDING 

 The Company shall,
to the extent permitted by law, have the right to withhold and deduct from any payment hereunder any federal, state or local taxes of any kind required by law to be withheld with respect to any such payment. 

 

	 	9.	PROTECTION OF CONFIDENTIAL INFORMATION 

 The Executive agrees that he will keep all confidential and propriety information of the Company or relating to its business (including but not limited to, information regarding the Company’s methods
of operation, product development and trade secrets) confidential, and that he will not (except with the Company’s prior written consent), while in the employ of the Company or thereafter, disclose any such confidential information to any
person, firm, corporation, association or other entity, other than in furtherance of his duties hereunder, and then only with those who “need to know.” The Executive shall not make use of any such confidential information for his own
purposes or for the benefit of any person, firm, corporation , association or other entity (except the Company) under any circumstances during or after the term of his employment. The foregoing shall not apply to any information which is already in
the public domain, or is generally disclosed by the company of is otherwise in the public domain at the time of disclosure. 

The Executive recognizes that because his work for the Company will bring him into contact with confidential and proprietary information
of the Company, the restrictions of this Section 9. are required for the reasonable protection of the Company and its investments and for the Company’s reliance on and confidence in the Executive. 

 

	 	10.	OWNERSHIP OF DEVELOPMENTS 

 All
copyrights, patents, trade secrets, or other intellectual property rights associated with any ideas, concepts, techniques, inventions, processes, or works of authorship developed or created by the Executive during the course of his performance of
this contract for the Company or its customers (collectively called the “work product”) shall belong exclusively to the Company and shall, to the extent possible, be considered a work made by the Executive for hire for the company within
the meaning of Title 17 of the United States Code. The Executive agrees to assign at the time of the creation of any work product, without any further consideration, any right, title, or interest the Executive may have in such Work Product. Upon the
request of the Company, the Executive shall take such further actions, including execution and delivery of instruments of conveyance, as may be appropriate or necessary to give full and proper effect to such assignment. 

 

	 	11.	SEPARABILITY 

 If any provision
of this Agreement shall be declared to be invalid or unenforceable, in whole or in part, such invalidity or unenforceability shall not affect the remaining provisions hereof which shall remain in full force and effect. 

  
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	 	12.	CONFIDENTIALITY. 

 This agreement
is confidential between the parties, and shall not be published to or shared with any organization, person, or individual (including other company employees) by either party except as necessary within the ordinary course of business to comply with
regulations or obtain professional counsel. 
  

	 	13.	ENTIRE AGREEMENT. 

 This
agreement represents the entire agreement of the parties and shall supersede any and all previous contracts, arrangements or understandings between the Company and the Executive. The Agreement may be amended at any time by mutual written agreement
of the parties hereto. 
  

	 	13.	GOVERNING LAW. 

 This Agreement
shall be construed, interpreted, and governed in accordance with the laws of the State of Florida, other than the conflict of laws provisions of such laws. 
 IN WITNESS WHEREOF, THE Company has caused this Agreement to be duly executed, and the Executive has hereunto set his hand, as of the day and year first above written. 

 

			
	ORAGENICS, INC.
	
	 /s/ John N. Bonfiglio

	By:	 	 John N. Bonfiglio

			
	Office:	 	 Chief Executive Officer

	
	Executive:
	
	 /s/ Michael Sullivan

	Name:	 	 Michael Sullivan

  
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