Document:

Exhibit 10.1

 

ASSET PURCHASE AGREEMENT

 

THIS AGREEMENT,
made and entered into effective the 23rd day of May, 2018, by and between A.G. TRUCANO, SON AND GRANDSONS, INC., a South
Dakota corporation, of 155 Sherman Street, Deadwood, SD 57732-1563, hereinafter referred to as ‘Seller”;
and, MICHAEL J. TRUCANO of Deadwood, SD 57732, subject to his right to assign this Agreement prior to closing, hereinafter
referred to as "Buyer”.

 

WITNESSETH:

 

Seller, is the owner
of the business known as “A.G. TRUCANO, SON & GRANDSONS” located at 155 Sherman Street, Deadwood, SD 57732.
The purpose of this Agreement is to provide for a sale and transfer of all assets of the Seller, ordinarily and necessarily utilized
in the operation of Seller’s business in Deadwood, South Dakota, but excluding all cash in excess of $400,000 utilized in
the business, on the following terms and conditions:

 

		1.	Asset Purchase: Buyer agrees to purchase from Seller and Seller agrees to sell to
Buyer all assets of said business, including but not limited to goodwill, business name and telephone number, supplies, fixtures,
equipment, personal property, $400,000 in cash and other assets used in connection with the normal and day to day operations of
the business, including, but not limited to the assets, as more fully described on the Bill of Sale, Exhibit “A”.

 

For the
avoidance of doubt, all cash utilized in the operation of the business in excess of $400,000 shall be retained by Seller.

 

		2.	Purchase Price and Payment: The total purchase price for the Property shall be the
sum of Four Hundred Thousand Dollars ($400,000). The full balance shall be payable on closing.

 

		3.	Contingency: The sale and closing of this transaction shall be subject to receipt
by Buyer of all Regulatory approvals necessary to operate the business.

 

		4.	Closing and Possession: Closing shall occur at the close of business on June 30,
2018 subject to the approval of the South Dakota Commission on Gaming. Possession of all assets shall be delivered to the Buyer
at closing; provided, however, if closing of the transaction contemplated herein has not occurred by June 30, 2018 this agreement
shall be terminated and of no further force and effect.

 

		5.	Buyer’s Representations: Buyer represents:

 

		a.	Buyer is accepting the Property herein described "as is" and "where is" and
is relying upon its personal inspection and knowledge of the Property herein described, and not upon any representations or warranties
of Seller, expressly or impliedly made by Seller, except as set forth below;

 

 

 

	Asset Purchase Agreement – Final Version	Initials
	A.G. Trucano, Son & Grandsons, Inc. / Michael J. Trucano	_______/ ______
	Page 1	AGTS&G      MJT

     

     

    

 

		b.	No representations have been made to Buyer by Seller concerning the projected gross profits or
projected net income of the business; and

 

		c.	That it shall be Buyer’s responsibility to obtain all necessary licenses to operate the business
operation.

 

		6.	Seller’s Representations: Seller represents:

 

		a.	Seller guarantees to Buyer that all of the Property used and in connection with and in relation
to the business herein sold is free and clear of all liens, encumbrances and security interests; and, that there are no unpaid
bills or claims of creditors covering any Property described in Exhibit "A" or the business;

 

		b.	Seller has operated the business in compliance with all applicable laws, and has not received any
notice from any governmental entity alleging any noncompliance under any applicable law;

 

		c.	Seller has paid all applicable social security, withholding and employment taxes, sales taxes,
use taxes and all other taxes, federal, state or local, applicable to the conduct of Seller’s business, and no dispute exists
as to the payment or the amount of any such taxes; and

 

		d.	There is no lawsuit, action or proceeding pending or, to the knowledge of Seller, threatened against
the Seller, that relate to the business or Property herein transferred.

 

		e.	The shareholder of the Seller have approved and authorized this transaction.

 

		f.	The assets listed on Exhibit “A” constitute all assets used in the ordinary and necessary
operations of Seller and that there are no assets used in the ordinary and necessary operation of the business which are not included
in Exhibit “A” except for the retention by Seller of all cash in excess of $400,000.

 

All representations and warranties set forth herein shall survive
closing.

 

7.             Transfer/Assignments:  Seller shall transfer the Property to Buyer by Bill of Sale, attached hereto as Exhibit
“A”. Seller shall also transfer and assign to Buyer any and all governmental permits or licenses that Buyer desires
to receive subject to governmental approvals.

 

 

	Asset Purchase Agreement – Final Version	Initials
	A.G. Trucano, Son & Grandsons, Inc. / Michael J. Trucano	________/ _______
	Page 2	AGTS&G      MJT

     

     

    

 

8.             Outstanding Leases and Participation Agreements: Seller shall transfer to Buyer and Buyer shall assume all of
Sellers interest in any leases and participation agreements, and any other leases or contracts affecting equipment, real estate,
signs or personal property used in connection with the business existing at the time of possession, as may be requested by Buyer;
this specifically includes, but is not limited to, a lease between Seller and J-Mak Distributors, Inc. Buyer agrees to assume any
progressive slot machine liability and any uncahsed ticket liability existing on the date of Closing. No Coin Operated Machine
and Space Leases, or any other leases with customers of Seller, are transferred by Exhibit “A” and no such leases are
assumed by Buyer.

  

Prior to closing, Seller
shall provide notice to any Lessors that Seller, as Lessee, is exercising its right to terminate any real estate or other leases
with Lessors. Seller shall provide to Buyer written confirmation and a copy of each of such notices to each active customer from
whom a leasehold interest has been obtained.

 

9.             Business Name: It is understood and agreed that Buyer shall have the right to operate said business under the
existing business name “A.G. TRUCANO, SON AND GRANDSONS and Seller transfers to Buyer any right, title or interest
in and to the business name “A.G. TRUCANO, SON AND GRANDSONS.”

 

10.           Hold Harmless:  Seller shall pay any and all bills, sales tax, unemployment tax, taxes and governmental obligations,
other obligations and indebtedness and liability claims, if any, that may be outstanding against the Property and business at the
time of possession.

 

		11.	Time:  The parties agree that time is of the essence of this Agreement.

 

12.           Employment Arrangements:Prior to closing, Buyer shall notify Seller of any employees that Buyer will not
retain in the operation of the business after closing of this Agreement. Seller shall be responsible for payment of all employee
wages and benefits accrued prior to the close of business on June 30, 2018 and shall be responsible for all severance benefits
for employees not retained by Buyer at closing.

 

13.           Construction: This Agreement shall be construed and governed in accordance with the laws of the State of South
Dakota. Each party has reviewed this Agreement and has had equal opportunity for input into this Agreement. Neither party nor their
respective legal counsel shall be construed to be the drafter or primary drafter of this Agreement. In the event of any dispute
regarding the construction of this Agreement or any of its provisions, ambiguities or questions of interpretation shall not be
construed more in favor of one party than the other; rather, questions of interpretation shall be construed equally as to each
party.

 

14.           Attorney Fees and Court Costs: In the event any legal action is filed to enforce or recover under any provision
of this Agreement, the prevailing party in the suit shall be entitled to recover court costs and reasonable attorney’s fees
from the non-prevailing party.

 

15.           Other Documents: The parties hereby mutually agree to execute any and all other documents necessary or needed
in order to effectuate the purposes of this agreement.

 

 

	Asset Purchase Agreement – Final Version	Initials
	A.G. Trucano, Son & Grandsons, Inc. / Michael J. Trucano	________/ _______
	Page 3	AGTS&G      MJT

     

     

    

 

16.           Written Memorandum: This agreement constitutes a memorandum of the final meeting of the minds between the parties
hereto of all prior negotiations had by the parties in reference to all matters covered herein; and, this agreement is to be binding
upon the respective heirs, executors, administrators and assigns of the parties hereto.

 

17.           Severability of Provisions: In the event that any portion of this Agreement is determined to be invalid or unenforceable,
such determination shall not affect the validity or enforceability of any other provision herein.

 

18.           Counterparts: This Agreement may be executed in two counterparts, both of which taken together shall constitute
one and the same instrument, and any party hereto may execute this Agreement by signing any such counterpart.

 

Dated this 23rd day
of May, 2018.

 

A.G. TRUCANO, SON AND GRANDSONS, INC,
Seller

 

 

	 	 	           
	 MICHAEL P. SHAUNNESSY,  President	 	MICHAEL J. TRUCANO or Assigns, Buyer

 

 

	State of Nevada	)
	 	)ss.
	County of Clark	)

 

On this, the ____ day
of May, 2018, before me, the undersigned Notary Public, personally appeared ________________________ who acknowledged himself to
the _____________________________________________ of A.G. Trucano, Son & Grandsons, Inc. and that he, as such ___________________________________,
being authorized so to do, executed the foregoing document for the purposes therein contained, by signing the name of the Corporation,
as _______________________________________.

 

In Witness Whereof,
I hereunto set my hand and official seal.

  

	 	 	 
	(Seal)	 	Notary Public
	 	 	My commission expires:  __________________

  

 

	Asset Purchase Agreement – Final Version	Initials
	A.G. Trucano, Son & Grandsons, Inc. / Michael J. Trucano	________/ _______
	Page 4	AGTS&G      MJT

     

     

    

 

	State of South Dakota	)
	 	) ss.
	County of Lawrence	)

 

On this _____ day of
May, 2018, before me, the undersigned officer, personally appeared MICHAEL J. TRUCANO, known to me to be the person whose name
is subscribed to the within instrument, subject to the right of assignment, and acknowledged that he executed the same for the
purposes therein contained.

 

In Witness Whereof,
I hereunto set my hand and official seal.

 

	 	 	 
	(Seal)	 	Notary Public
	 	 	My commission expires:  __________________

 

 

	Asset Purchase Agreement – Final Version	Initials
	A.G. Trucano, Son & Grandsons, Inc. / Michael J. Trucano	________/ _______
	Page 5	AGTS&G      MJT

     

     

    

 

 

EXHIBIT A

BILL OF SALE

 

Know all Men by
these Presents: That A.G. TRUCANO, SON AND GRANDSONS, INC., a South Dakota corporation, of 155 Sherman Street, Deadwood,
SD 57732-1563, “Grantor”, for and in consideration of the sum of Four Hundred Thousand Dollars ($400,000)
in hand paid at or before the delivery of these presents, by MICHAEL J. TRUCANO of Deadwood, SD 57732 (subject to his right
to assign this Bill of Sale prior to closing), “Grantee”, the receipt whereof is hereby acknowledged, has assigned,
transferred and conveyed, and by these presents does assign, transfer and convey unto Grantee, his successors and assigns the following
described personal property, namely:

 

		1.	All assets of said business, including but not limited to goodwill, business
name and telephone number, supplies, fixtures, equipment, personal property, cash and other assets ordinarily and necessarily used
in connection with the normal and day to day operations of the business;

		2.	The sum of $400,000 in cash;

		3.	Any and all governmental permits and licenses, which may be requested by
Grantee, for which Grantor has a right of assignment;

		4.	All of Grantor’s interest in slot machine manufacturer’s participation
agreements, and any other leases or contracts affecting equipment, real estate, signs or personal property used in connection with
the business existing at the time of possession, as may be requested by Grantee; this specifically includes, but is not limited
to, a lease between Grantor and J-Mak Distributors, Inc. No Coin Operated Machine and Space Leases, or any other leases with customers
of Grantor, are transferred by Exhibit “A” and no such leases are assumed by Grantee;

		5.	The existing business name, “A.G.Trucano, Son and Grandsons”
and all goodwill associated therewith;

		6.	All intellectual property used in the operation of the business known as
A.G. Trucano, Son, and Grandsons, Inc. including, but not necessarily limited to computers and computer equipment, networking equipment,
software, including any historic licenses, manuals, peripherals, training materials, more specifically listed hereafter;

		7.	The detailed listing of certain assets described on the 19 additional pages
attached hereto, all of which are incorporated by reference.

 

TO HAVE AND TO HOLD
the same unto Grantee, his successors and assigns, forever. Grantor, does for itself and its successors and assigns, covenant and
agree to and with Grantee, to warrant and defend the property hereby conveyed unto Grantee his successors and assigns, against
all and every person and persons whatsoever.

 

IN WITNESS WHEREOF,
I have hereunto set my hand on the 23rd day of May, 2018.

 

(Signature page follows)

 

 

     

     

    

 

 

	 	A.G. TRUCANO, SON AND GRANDSONS, INC,
	 	 Seller
	 	 
	 	 
	 	 
	 	MICHAEL P. SHAUNNESSY,  PresidentExhibit

Exhibit 10.1

FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT
THIS FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (this "Amendment") dated as of May 18, 2018, is entered into by MARQUETTE BUSINESS CREDIT, LLC, a Delaware limited liability company ("Lender"), RADISYS CORPORATION, an Oregon corporation ("Borrower"), with reference to the following facts:
RECITALS
A.    Lender and Borrower are parties to the Loan and Security Agreement dated as of January 3, 2018 (as has been or may be amended, supplemented, replaced, restated or otherwise modified, the "Loan Agreement"), pursuant to which Lender has provided certain credit facilities to Borrower.
B.    Borrower has requested that Lender make certain modifications to the Loan Agreement as set forth herein.
C.    Lender is willing to provide such accommodations to the Borrower on the terms and conditions set forth below. 
NOW, THEREFORE, the parties hereby agree as follows:
		
	1.
	Defined Terms.  Any and all initially capitalized terms used in this Amendment (including, without limitation, in the Recitals to this Amendment) without definition shall have the respective meanings assigned thereto in the Loan Agreement.  

		
	2.
	Concentration Limit.  The definition of “Concentration Limit” in Section 1.1 of the Loan Agreement is hereby amended to read in full as follows:

“‘Concentration Limit’ means fifteen percent (15%) of total accounts of Borrower deemed Eligible Accounts other than with respect to clause (m) of the definition of “Eligible Accounts”; provided, however, as it relates solely to accounts of Borrower from Reliance Jio, the Concentration Limit means thirty percent (30%) and with respect to accounts of Borrower from Philips Healthcare and Nokia Solutions and Networks, the Concentration Limit means forty percent (40%).”
		
	3.
	Cross Aging Percentage.  The definition of “Cross Aging Percentage” in Section 1.1 of the Loan Agreement is hereby amended to read in full as follows:

“‘Cross Aging Percentage’ shall mean twenty-five percent (25.00%) of the aggregate balance of all accounts owing by a particular Account Debtor (or, solely in the case of Reliance Jio fifty percent (50.00%)).”
		
	4.
	Eligible Accounts.  The definition of “Eligible Accounts” in Section 1.1 of the Loan Agreement is hereby amended to read in full as follows:

“‘‘Eligible Accounts’ shall mean all accounts of Borrower which are deemed by Lender in the exercise of its Permitted Discretion to be eligible for 

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inclusion in the calculation of the Borrowing Base.  In no event shall Eligible Accounts include the following:
(a)    accounts which remain unpaid more than one hundred twenty (120) days past their original invoice dates (or, solely in the case of Reliance Jio accounts which remain unpaid more than two hundred forty (240) days past their original invoice dates, solely to the extent the applicable foreign credit insurance policy covers such extended terms);
(b)    accounts which are not paid within sixty (60) days after their original due dates (or, solely in the case of Reliance Jio accounts which remain unpaid more than one hundred twenty (120) days past their due dates);
(c)    accounts owing by a single Account Debtor if more than the Cross Aging Percentage of such accounts is ineligible pursuant to clauses (a) or (b) above;
(d)    accounts with respect to which the Account Debtor is an Affiliate of Borrower;
(e)    accounts with respect to which the obligation of payment by the Account Debtor is or may be conditional for any reason whatsoever including, without limitation, accounts arising with respect to goods that were (i) not sold on an absolute basis, (ii) sold on a bill and hold sale basis, (iii) sold on a consignment sale basis, (iv) sold on a guaranteed sale basis, (v) sold on a sale or return basis, or (vi) sold on the basis of any other similar understanding;
(f)    accounts with respect to which the Account Debtor is not a resident or citizen of, or otherwise located in, the United States of America or a province of Canada (other than Quebec), or with respect to which the Account Debtor is not subject to service of process in the United States of America or a province of Canada (other than Quebec);
(g)    accounts with respect to which the Account Debtor is the United States of America or any other federal governmental body unless such accounts are duly assigned to Lender in compliance with all applicable governmental requirements (including, without limitation, the Federal Assignment of Claims Act of 1940, as amended, if applicable);
(h)    accounts with respect to which Borrower is or may be liable to the Account Debtor in any way (but only up to the amount of such liability), or which is subject to any right of setoff or recoupment (but only up to the amount of such setoff or recoupment), or if the Account Debtor thereon has disputed liability or made any claim with respect to any other Account due from such Account Debtor (but only up to the disputed or claimed amount);
(i)    owed by an Account Debtor, to the extent the amount owing thereon, exceeds the credit limit extended to such Account Debtor by Borrower;

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(j)    which is evidenced by a promissory note or other instrument or by chattel paper;
(k)    which arises out of a sale not made in the ordinary course of Borrower’s business;
(l)    with respect to which any of the following events has occurred as to the Account Debtor on such Account: death or judicial declaration of incompetency, if the Account Debtor is an individual, the filing of any petition for relief under the bankruptcy code or similar proceeding, a general assignment for the benefit of creditors, the appointment of a receiver or trustee, application or petition for dissolution, the sale or transfer of all or substantially all of the assets or the cessation of the business as a going concern;
(m)    accounts with respect to which the goods giving rise thereto have not been shipped to the applicable Account Debtor or accounts with respect to which the services performed giving rise thereto have not been completed;
(n)    accounts which are not invoiced within five (5) Business Days after the shipment and delivery to and acceptance by said Account Debtor of the goods giving rise thereto or the performance of the services giving rise thereto by the applicable Account Debtor;
(o)    accounts that are not invoiced within the period specified in the contract giving rise thereto or, with respect to such contract, pursuant to a documented change request of the applicable Account Debtor;
(p)    accounts which are not subject to a first priority perfected security interest in favor of Lender;
(q)    that portion of an account balance owed by a single Account Debtor which exceeds the Concentration Limit;
(r)    accounts with respect to which the Account Debtor is located in any state that requires Borrower to qualify to do business in such state or to file a business activities report or similar report in order to permit Borrower to seek judicial enforcement in such state of payment of such account, unless Borrower is qualified to do business in such state or is in compliance with any such filing requirements; 
(s)    accounts which represent a progress billing;
(t)    accounts with respect to which there exists any Lien in favor of any Person other than Lender (other than a Term Agent Lien), unless such Lien has been fully and unconditionally subordinated to Lender’s security interest pursuant to a written agreement in form and substance acceptable to Lender; 
(u)    accounts representing funds paid by vendors of Borrower in connection with promotion of such vendors’ brands; 

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(v)    the portion of any accounts which constitutes Deferred Revenue; and
(w)    accounts that Lender, in its Permitted Discretion, has determined to be ineligible.”
5.     Representations and Warranties.  Borrower represents and warrants to Lender that:
(a)    There exists no Default or Event of Default, or any other condition or occurrence of events that now constitute or with the passage of time or the giving of notice or both, would constitute a Default or Event of Default, under the Loan Agreement or any other Loan Document.
(b)    Each person executing and delivering this Amendment (other than Lender), has been duly authorized by all necessary corporate action.
(c)    All representations and warranties contained in the Loan Documents, except for those that speak as of a particular date, are and remain true and correct in all material respects as of the date of this Amendment. 
		
	6.
	Conditions Precedent.  The effectiveness of this Amendment shall be subject to the prior satisfaction of each of the following conditions:

(a)    This Amendment.  Lender shall have received this Amendment duly executed by an authorized officer of Borrower; 
(b)    Consent and Reaffirmation.  Lender shall have received the duly executed Consent and Reaffirmation attached to this Agreement; and
(c)    Officer's Certificate.  Lender shall have received the Officer's Certificate attached to this Agreement executed by a duly authorized officer of Borrower.
		
	7.
	Integration.  This Amendment, the Loan Documents and the documents referred to herein constitute the entire agreement of the parties in connection with the subject matter hereof and cannot be changed or terminated orally.  All prior agreements, understandings, representations, warranties and negotiations regarding the subject matter hereof, if any, are merged into this Amendment.

		
	8.
	Counterparts.  This Amendment may be executed in multiple counterparts, each of which when so executed and delivered shall be deemed an original, and all of which, taken together, shall constitute but one and the same agreement.

		
	9.
	Governing Law.  This Amendment, the interpretation and construction of this Amendment and any provision of this Amendment and of any issue relating to the transactions contemplated by this Amendment shall be governed by the laws of the State of California, not including conflicts of law rules.  

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	10.
	Further Assurances.  Borrower agrees to execute and deliver such other agreements, documents and instruments and take such other actions as Lender may reasonably request in connection with the transactions contemplated by this Amendment.

[Signature Page Follows]

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IN WITNESS WHEREOF, Borrower and Lender have executed this Amendment by their respective duly authorized officers as of the date first above written.
	
		
	 
	MARQUETTE BUSINESS CREDIT, LLC, 
a Delaware limited liability company

By:  /s/ Xavier Gannon   
Name: Xavier Gannon            
Title: Senior Vice President         

	

	RADISYS CORPORATION,  
an Oregon corporation 
 

By:  /s/ Jon Wilson            
Name: Jon Wilson            
Title: Chief Financial Officer         

	
			
	 
	S-1
	 

CONSENT AND REAFFIRMATION
Each of the undersigned hereby acknowledges and agrees to the terms and conditions of the foregoing First Amendment to Loan and Security Agreement, acknowledges and reaffirms its obligations owing to Lender under the Loan Documents to which it is a party, and agrees that such Loan Documents are and shall remain in full force and effect.  Although the undersigned have been informed of the matters set forth herein and have acknowledged and agreed to the same, each of the undersigned understands that Lender has no obligation to inform it or him of such matters in the future or to seek its or his acknowledgement or agreement to future amendments, and nothing herein shall create such a duty.   
Dated:  May 18, 2018
	
	
	RADISYS INTERNATIONAL LLC
By:  /s/ Jon Wilson            
Name: Jon Wilson            
Title: Director and Chief Financial Officer   

	
			
	 
	S-2

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