Document:

Unassociated Document

 

EXHIBIT 10.2

CONFIDENTIAL SEPARATION AGREEMENT

1.   This Confidential Separation Agreement (this “Agreement”) is between James T. Quist (“Quist”) and CarePayment Technologies, Inc., an Oregon corporation (the “Company”), and is effective as of December 31, 2011.  Quist is employed by the Company pursuant an Employment Agreement dated February 10, 2010 (the “Employment Agreement”) and serves as the Executive Chairman, Chief Executive Officer and President of the Company.

 

2.   The parties agree that Quist has submitted his resignation as an officer and employee of the Company and that Quist’s formal employment with the Company will terminate effective December 31, 2011 (the “Separation Date”).  This Agreement is intended to set forth certain terms and conditions that will apply to Quist as a result of his termination of employment.  In the event of any conflict or inconsistency between the terms of this Agreement and the terms of the Employment Agreement, the terms of this Agreement will control.

 

3.   The Company agrees to provide Quist with the following benefits:

 

(a)           Quist will continue to be paid his Base Salary at his current rate through December 31, 2012. Payment of the Base Salary continuation amounts will be in accordance with the Company’s ordinary payroll procedures, including deduction of appropriate withholding and employment taxes as required by law.  The parties agree that Quist will not receive any additional payment for Incentive Compensation or for any vacation/PTO time (whether accrued or unused).

 

(b)           Quist will continue to participate in the Company’s group health insurance plan through December 31, 2012 or, if earlier, the date that Quist is covered under another employer-sponsored plan.  Thereafter, Quist may elect to continue to participate in the Company’s group health insurance plan in accordance with federal COBRA law.  Quist’s participation in the Company’s health insurance plan will be subject to the same employee contribution requirements as are currently in effect.

 

(c)           Quist may continue to use his current office in the Company’s San Francisco office space until March 31, 2012. Thereafter, the parties will mutually agree on terms for use.

 

(d)           The parties acknowledge that this Section 3 sets forth all the benefits to be provided by the Company.  There are no additional entitlements to payment under any bonus practice or plan maintained by the Company or any future payment under any 401(k) plan or other retirement plan maintained by the Company, provided that Quist’s currently vested benefits under the Company’s 401(k) plan are not affected by this Agreement.

 

4.   The parties acknowledge that Quist was granted an option to purchase 698,678 shares of the Company’s Common Stock pursuant to the Company’s 2010 Stock Incentive Plan (the “Option”).  The Option has vested and is currently exercisable by Quist as to 465,786 shares (the “Vested Option Shares”).  The Option is scheduled to vest as to an additional 232,892 shares on February 10, 2012 (the “Unvested Option Shares”).  Notwithstanding the termination of Quist’s employment hereunder and any provision to the contrary in the 2010 Stock Incentive Plan or the Stock Option Agreement, the Unvested Option Shares will vest and become exercisable on February 10, 2012.  Quist may exercise the Option as to the Vested Option Shares and the Unvested Option Shares at any time on or before June 30, 2012. Quist will not have a future right or opportunity to participate as a purchaser in future private placements of the Company’s equity as described in Section 6 of Exhibit 1 of the Employment Agreement.

 

  

1

  

 

5.   The obligation of the Company to provide the benefits set forth in Section 3 above, and the right of Quist to exercise the Option, is specifically conditioned upon the full compliance by Quist of his obligations under this Agreement and the obligations set forth in Sections 13 and 14 of the Employment Agreement relating to disclosure of information, noncompetition and nonsolicitation.

 

6.   The parties agree that, during the period from the Separation Date through December 31, 2012, Quist will not be required to perform services on behalf of the Company on a regular, full-time basis; however, Quist will make himself available to assist the Company and its personnel on an as-needed basis as follows: (i) telephone consultations with business and legal personnel employed by the Company or its affiliates regarding past transactions and client interactions in which Quist had involvement, (ii) assisting such personnel in retrieving or locating any of Quist’s former business files or documentation, whether in paper or electronic format, or (iii) serving as a fact or expert witness in any legal, governmental or other regulatory proceeding, dispute or controversy relating to a Company or affiliate transaction or other matter in which Quist had significant involvement..

 

7.   The Company agrees to permit Quist to keep the cellular telephone and computer that he brought with him when he started his employment, provided, however that Company removes all confidential Company documents and data from such cellular telephone and computer.  With the exception of the cellular telephone and computer discussed herein, Quist represents that he has surrendered or will surrender upon request all Company property in his possession, building access cards and corporate credit cards. Quist also brought personal office furniture to SF office and Company will pay to move this equipment to another local location should that be required.  Quist represents that there are no outstanding or unsubmitted requests for reimbursement of expenses to which he is entitled and that he has not incurred any obligations on behalf of the Company or an affiliate that are not now reflected on the books and records of the Company or its affiliates.

 

8.   Quist will continue to serve as a director of the Company until his successor has been appointed.  Quist hereby resigns as an officer and/or director of CP Technologies LLC, Vitality Financial, Inc. and Moore Electronics, Inc. Upon request of the Company, Quist will execute appropriate documents to reflect his resignation as an officer of the Company and as an officer or director of CP Technologies LLC, Vitality Financial, Inc. and Moore Electronics, Inc. and any other affiliates or related entities of the Company.

 

9.   Quist agrees that he will not at any time disclose to any person, company or other entity, any knowledge or confidential or proprietary information concerning the operation and management of the Company’s business and affairs.  Such information includes, without limitation, (a) financial information or information concerning the Company’s financial condition, (b) information concerning the Company’s existing or prospective customers, and (c) information concerning the Company’s suppliers and relationships with suppliers.

 

10.   Neither the Company nor Quist will make any malicious, disparaging or false remarks to third parties regarding the personal, professional or business character or reputation of the other (or, in the case of the Company, regarding an affiliate of the Company) and, in the case of the Company or any affiliate, regarding their respective businesses, products, services, officers, directors or employees.

 

11.   In exchange for the benefits and agreements described above, Quist and his successors and assigns release and absolutely discharge the Company and other affiliated entities, their shareholders, directors, managers, members, employees, agents, successors and assigns of and from any and all claims, actions and causes of action which Quist now has, or at any other time had, or will or may have against the Company based upon or arising out of any matter, cause, fact, thing, act or omission whatsoever occurring or existing at any time to and including the date hereof, including, but not limited to, any claims of wrongful discharge or age, sex, race, national origin, physical or mental disability, medical condition, sexual orientation or other discrimination under the federal Age Discrimination in Employment Act, the federal Americans with Disabilities Act, the federal Civil Rights Act of 1964, as amended, and, where applicable, the Oregon Fair Employment Act, the Oregon Labor Code, or any other federal, state or local law.

 

  

2

  

 

12.   In accordance with the Older Workers' Benefit Protection Act (the "Act"), Quist acknowledges that (1) he has been and hereby is advised in writing to consult with an attorney prior to executing this Agreement; (2) he is aware of certain rights to which he may be entitled under the Act; and (3) as consideration for executing this Agreement, Quist has received additional benefits and compensation of value to which he would otherwise not be entitled.  Quist acknowledges that he has been given a period of at least 21 days from the date of receipt for consideration of this offer. Quist further acknowledges that he has a period of 7 days from the date immediately following the date of execution of this Agreement in which he may revoke this Agreement by written notice to the Company.  In the event Quist does not exercise his right to revoke this Agreement, this Agreement shall become effective on the date immediately following the 7-day waiting period described above.

 

13.   Quist agrees that he will not directly or indirectly disclose any of the terms of this Agreement or any communication or information which relates to this Agreement, directly or indirectly, to anyone other than his immediate family or counsel, except as such disclosure may be required for accounting or tax reporting purposes or as otherwise may be required by law.

 

14.   The prevailing party will be entitled to recover from the losing party its reasonable attorney fees and costs incurred in any lawsuit, arbitration or other legal proceeding, including an appellate or bankruptcy proceeding, brought to enforce any right arising out of this Agreement.

 

15.   This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements, whether written or oral.  This Agreement may not be altered or amended except by a written document signed by each of the parties hereto.

 

16.   This Agreement shall be construed in accordance with and governed by the statutes and common law of the State of Oregon.  Any disputes now or hereafter arising in connection with the execu­tion or operation of this Agreement, regardless of whether such disputes arise in contract, tort or otherwise, shall be governed and determined by the applicable laws of the State of Oregon. The parties hereby irrevocably submit to the jurisdiction of any state or federal court sitting in Portland, Oregon.  Each party waives any objection which it may now or hereafter have to a laying of venue in any such action or proceeding in any such forum regardless of any future change of place of residence, and also waives any claim that any such forum is an inconvenient forum.  Each party agrees that it shall not bring suit or action upon this Agreement in the courts of any other jurisdiction.  Each party also irrevocably waives the right to a trial by jury in connection with any action brought to construe or enforce this Agreement.

 

17.   Quist acknowledges that he has read the terms of this Agreement and fully understands and voluntarily accepts these terms for the purposes of making a full, final, and complete settlement and eliminating all claims which have been or could have been asserted by Quist against the Company or its affiliates.  Quist has had the opportunity to consult with counsel of his choosing prior to executing this Agreement.  Each party hereby waives the application of any rule of law that would otherwise be applicable in connection with the interpretation of this Agreement, including, without limitation, any rule of law to the effect that any provision of this Agreement shall be interpreted or construed against the party who drafted it.  Other than as described in this Agreement, the Company has made no other commitments or representations.

 

  

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18.   This Agreement may be signed in counterparts.  Facsimile signatures or signatures delivered by electronic means shall be considered original signatures for purposes of this Agreement. At the request of any party, the parties will confirm facsimile or electronically transmitted signatures by signing an original document.

 

 

	  	
CarePayment Technologies, Inc.

	  	  
	  	  
	
  /s/ James T. Quist         

	
By:  /s/ Brian A. Oliver         

	
    James T. Quist

	
    Brian A. Oliver, Director

	  	  
	  	  
	
Date: 31 December, 2011

	
By:  /s/ Patricia J. Brown         

	  	
    Patricia J. Brown

	  	
    Assistant Secretary

  

4Unassociated Document

Execution Version

 

AMENDMENT NO. 2 TO LOAN AGREEMENT

 

THIS AMENDMENT NO. 2 TO LOAN AGREEMENT (this “Amendment”), dated as of December 30, 2011, is made by and among ENER1, INC., a Florida corporation (“Borrower”), Bzinfin S.A. (“Bzinfin”), Liberty Harbor Special Investments, LLC (“LHSI”) and Goldman Sachs Palmetto State Credit Fund, L.P. (“GSPSCF”), together with LHSI and Bzinfin, each a “Lender” and collectively, the “Lenders”), and Bzinfin, as agent (“Agent”) for the Lenders.

 

RECITALS

 

WHEREAS, the parties have entered into that certain Loan Agreement, dated as of November 16, 2011, as amended by that certain letter amendment, dated as of December 23, 2011 (as may be further amended and as in effect from time to time, the “Loan Agreement”; all capitalized terms used but not specifically defined herein, shall have the respective meanings provided for such terms in the Loan Agreement); and

 

WHEREAS, the Borrower has requested that the Lenders extend to Borrower certain additional financing in the principal amount of $2,000,000 (as further defined in this Amendment, the “Additional Loan”), and Bzinfin, S.A. has agreed to provide the Additional Loan to the Borrower; and

 

WHEREAS, in order accommodate the making of the Additional Loan, the parties desire to amend certain terms and conditions of the Loan Agreement on the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the foregoing and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.           Amendments.  As of the effective date of this Amendment, the Loan Agreement is hereby amended as follows:

 

(A)          Section 2.1 of the Loan Agreement is hereby amended by deleting such section in its entirety and replacing it with the following:

 

“2.1        The Loan; the Notes

 

Subject to the terms and conditions set forth in this Agreement, (a) Lenders severally agree to make a term loan to the Borrower on the Closing Date in an original principal amount equal to $4,500,000 (the “Initial Loan”), and (b) Bzinfin, in its capacity as a Lender, agrees to make a term loan on the Amendment Effective Date in an original principal amount equal to $2,000,000 (the “Additional Loan”, and together with the Initial Loan, collectively, the “Loan”).  Each Lender’s obligation to fund the Loan shall be limited to such Lender’s Commitment Percentage, and no Lender shall have any obligation to fund any portion of the Loan required to be funded by any other Lender, but not so funded.  Borrower shall not have any right to borrow any portion of the Initial Loan not borrowed on the Closing Date or the Additional Loan not borrowed on Amendment Effective Date, as applicable, or to reborrow any portion of the Initial Loan or Additional Loan which is repaid or prepaid from time to time.  If requested by a Lender, its portion of the Initial Loan and/or Additional Loan shall be evidenced by a promissory note substantially in the form of Exhibit B to the Agreement or Exhibit A to the Amendment, as applicable (each, a “Note” and collectively, the “Notes”), issued by the Borrower to the order of such Lender in the amount of such Lender’s Commitment.  Borrower has requested and Bzinfin agrees to disburse the Additional Loan in immediately available funds to the account set forth on Exhibit B to the Amendment.”

 

  

  

  

 

(B)           Section 2.5 of the Loan Agreement is hereby amended by deleting such section in its entirety and replacing it with the following:

 

“2.5        Use of Proceeds

 

Borrower shall use the proceeds of (a) the Loan made on the Closing Date for general working capital and operational expenses of the Borrower and its Subsidiaries, including the disbursement of the Intercompany Loan, in accordance with and as specified in the Budget (subject to the Permitted Variance), and (b) the Additional Loan made on the Amendment Effective Date for funding Borrower’s capital contribution required pursuant to that certain Sino-Foreign Joint Venture Contract, dated as of January, 2011, by and between the Borrower and Wanxiang EV Co., Ltd. Investment Corporation, pursuant to which the parties have formed Zhejiang Wanxiang Ener1 Power Systems Co., Ltd., a Sino-foreign equity joint venture existing as a limited liability company under the laws of the People's Republic of China.”

 

(C)           Exhibit A of the Loan Agreement is hereby amended by adding the following defined terms, each such term to be inserted in its proper alphabetical order:

 

“Amendment” shall mean the Amendment No. 2 to Loan Agreement dated as of December 30, 2011, by and between Borrower, the Lenders and Agent.”

 

“Amendment Effective Date” shall mean December 30, 2011.”

 

(D)           Exhibit A of the Loan Agreement is hereby further amended by deleting the following definition in its entirety and replacing such definition with the following:

 

“Commitment Percentage” shall mean, as to any Lender, (i) on the Closing Date and on the Amendment Effective Date, respectively, the percentage set forth opposite such Lender’s name on Schedule 2.1 attached to the Amendment and (ii) on any date following the Amendment Effective Date, the percentage equal to the principal amount of the Loan held by such Lender on such date divided by the aggregate principal amount of the Loan on such date.”

 

(E)           Schedule 2.1 to the Loan Agreement is hereby deleted in its entirety and replaced with the Schedule 2.1 attached to the Amendment.

 

  

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2.             Conditions Precedent.  The effectiveness of this Amendment is subject to the following conditions precedent:

 

(a)           Agent shall have received this Amendment properly executed by the Borrower, Guarantors and the Lenders;

 

(b)           Agent shall have received the Amended and Restated Note made by Borrower in favor of Bzinfin, dated as of the date hereof, properly executed by the Borrower, in form and substance acceptable to the Agent and the Lenders; and

 

(c)           After giving effect to this Amendment all representations and warranties of Borrower set forth herein shall be true and correct in all material respects.

 

3.           Representations, Warranties.  Borrower represents that, after giving effect to this Amendment:

 

(a)           No consent or approval of, or exemption by any Person is required to authorize, or is otherwise required in connection with the execution and delivery of this Amendment which has not been obtained and which remains in full force and effect; and

 

(b)           As of the date hereof, (i) each of the representations and warranties of the Borrower set forth in the Loan Agreement and the other Loan Documents is true and correct in all material respects, except to the extent such representations and warranties speak as to an earlier date, in which case the same are true, correct and complete in all material respects as to such earlier date; and (ii) no Event of Default or any other event which, upon the lapse of time, service of notice, or both, which would constitute an Event of Default under any of the Loan Documents, has occurred or is continuing.

 

4.           Confirmation of Security Interests.  Borrower and each Guarantor hereby confirms the security interests and liens granted by Borrower and Guarantors to Agent, for the benefit of Lenders, in and to the Collateral in accordance with the Loan Documents as security for the Obligations.  Borrower, Guarantors, Agent and Lenders each acknowledge and agree that the Additional Loan and all obligations of the Borrower relative thereto constitute “Obligations” under the Loan Agreement and the other Loan Documents which are secured by all of the Collateral, in the manner and to the extent provided in the Loan Documents.

 

5.           Payment of Fee and Expenses.  Immediately upon execution of this Amendment, Borrower agree to pay any and all fees and expenses, including reasonable counsel fees and disbursements, incurred by Agent and the Lenders in connection with the preparation and execution of this Amendment and all documents, instruments and agreements contemplated hereby.

 

6.           No Other Modifications, Conflicts with Loan Documents, etc.  This Amendment is intended to supplement and modify the Loan Agreement and the rights and obligations of the parties under the Loan Agreement shall not in any way be vacated, modified or terminated except as herein provided.  All terms and conditions contained in each and every agreement or promissory note or other evidence of indebtedness of Borrower to Lenders are incorporated herein by reference.  If there is a conflict between any of the provisions of the Loan Agreement and the provisions of this Amendment, then the provisions of this Amendment shall govern.

 

  

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7.           Governing Law.  This Amendment shall be governed and construed in accordance with the internal laws of the State of New York without giving effect to its conflict of law provisions.

 

8.           Full Force and Effect.  Except as expressly amended hereby, all terms and conditions of the Loan Agreement, and any and all exhibits annexed thereto and all other writings submitted by the Borrower to Agent pursuant thereto, shall remain unchanged and in full force and effect.

 

9.           Counterparts.  This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which shall be considered one and the same document.  Delivery of an executed counterpart of a signature page of this document by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart of this document.

 

[Signatures appear on the following page]

 

  

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IN WITNESS WHEREOF, each of the parties has executed this Amendment to Loan Agreement as of the date first written above.

 

	
BORROWER:

	
ENER1, INC.

	  	  
	  	
By:

	/s/ Nicholas Brunero
	  	  	
Name:

	

 
Nicholas Brunero

	  	  	
Title:

	 
President

 

[Signature Page to Amendment]

  

  

  

 

	
AGENT:

	
BZINFIN S.A.

	  	  
	  	
By:

	/s/ Patrick T. Bittel
	  	  	
Name:

	

 
Patrick T. Bittel

	  	  	
Title:

	

 
Attorney In Fact

	  	  	  	  
	
LENDERS:

	
BZINFIN S.A.

	  	  
	  	
By:

	/s/ Patrick T. Bittel
	  	  	
Name:

	

 
Patrick T. Bittel

	  	  	
Title:

	

 
Attorney In Fact

 

[Signature Page to Amendment]

  

  

  

 

	
LENDERS:

	
LIBERTY HARBOR SPECIAL INVESTMENTS, LLC

	  	  	 
	  	  	
By: GOLDMAN SACHS ASSET MANAGEMENT, L.P.

	  	  	  	 
	  	
By:

	/s/ Brendan McGovern
	  	  	
Name:

	 
Brendan McGovern

	  	  	
Title:

	Managing Director
	  	  	  	  	 
	  	
GOLDMAN SACHS PALMETTO STATE

CREDIT FUND, L.P.

	  	  	  	  	 
	  	  	
By: GOLDMAN SACHS ASSET MANAGEMENT, L.P.

	  	  	  	  	 
	  	 	
By:

	/s/ Brendan McGovern
	  	  	 	
Name:

	 
Brendan McGovern

	  	  	 	
Title:

	Managing Director

 

[Signature Page to Amendment]

  

  

  

 

	
Acknowledged and Agreed:

	  
	
GUARANTORS:

	  
	
ENERDEL, INC.

	  
	
By:

	/s/ Nicholas Brunero
	  	
Name:

	Nicholas Brunero
	  	
Title:

	General Counsel
	  	  	  
	
ENERFUEL, INC.

	  
	
By:

	/s/ Nicholas Brunero
	  	
Name:

	Nicholas Brunero
	  	
Title:

	General Counsel
	 
	
NANOENER, INC.

	  
	
By:

	/s/ Nicholas Brunero
	  	
Name:

	Nicholas Brunero
	  	
Title:

	
General Counsel

 

[Signature Page to Amendment]

 

  

  

  

 

Exhibit A

Form of Amended and Restated Note

	
$4,250,000.00

	
December 30, 2011

FOR VALUE RECEIVED, ENER1, INC., a Florida corporation (“Borrower”), hereby promises to pay to the order of BZINFIN, S.A. (“Lender”), on the Repayment Date (as defined in the Loan Agreement referred to below), in lawful money of the United States of America and in immediately available funds, the principal sum of Four Million Two Hundred Twenty-Five Thousand Dollars ($4,250,000.00), together with unpaid interest on the unpaid principal balance of this Note, payable at the same rate provided for and applicable to the “Loan” as defined in that certain Loan Agreement, dated as of November 16, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”), by and among ENER1, INC., a Florida corporation (“Borrower”), Bzinfin S.A. (“Bzinfin”), Liberty Harbor Special Investments, LLC (“LHSI”) and Goldman Sachs Palmetto State Credit Fund, L.P. (“GSPSCF”, together with LHSA and Bzinfin, each a “Lender” and collectively, the “Lenders”), and Bzinfin, as agent (“Agent”) for the Lenders.

 

The holder of this Note is authorized to record in its books and records, the date and principal amount of the loan evidenced hereby, the date and amount of each payment or prepayment of principal thereof and the interest rate with respect thereto.  Such recordation shall constitute prima facie evidence of the accuracy of the information endorsed, provided that the failure of Lender to make such recordation shall not affect the obligations of Borrower hereunder.

 

This note is one of the Notes referred to in the Loan Agreement and is entitled to the benefits thereof.  This Note is secured by the collateral described in the Security Documents referred to in the Loan Agreement.

 

All payments of principal and interest in respect of this Note shall be made in lawful money of the United States of America in same day funds to Lender, by wire transfer in immediately available funds to such account as may be indicated in writing by Lender to Borrower or at such other place as shall be designated in writing to Borrower for such purpose.

 

Upon the occurrence and during the continuance of an Event of Default under and as defined in the Loan Agreement, the unpaid balance of the principal amount of this Note, together with all accrued but unpaid interest thereon, may become, or may be declared to be, due and payable in the manner provided in the Loan Agreement.

 

No reference herein to the Loan Agreement and no provision of this Note or any other agreement shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of and interest on this Note at the place, at the respective time, and in the currency herein prescribed, without any deduction for set-off, recoupment or counterclaim of any kind.

 

Borrower promises to pay all reasonable costs and expenses, including reasonable attorneys’ fees incurred in the collection and enforcement of this Note.  Borrower hereby waives diligence, presentment, protest, demand and notice of every kind and, to the full extent permitted by law, the right to plead any statute of limitations as a defense to any demand hereunder.

 

  

  

  

 

This Note is an amendment and restatement of, but not issued in satisfaction of, that certain Note dated November 16, 2011, made by Borrower to the order of the Lender in the principal sum of $2,250,000 (the “Original Note”).  This Note is delivered in substitution of the Original Note, and upon proper execution and delivery hereof, the Original Note shall be deemed null and void.

 

THIS NOTE SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS.

 

IN WITNESS WHEREOF, Borrower has caused this Note to be executed and delivered by its duly authorized officer, as of the day and year and at the place first above written.

	
ENER1, INC.

	  
	
By:

	  
	  	
Name:

	  
	  	
Title:

	  

  

  

  

EXHIBIT B

Account

Wire Instructions

	
Institution:

	
The Northern Trust Company

	  	
50 South LaSalle Street

	  	
Chicago, Illinois 60675

	  	  
	
Account Name:

	
Barack Ferrazzano Kirschbaum Perlman & Nagelberg LLP

	  	
Clients Fund Account

	  	  
	
Account Number:

	
4250427

	  	  
	
Swift Number:

	
CNORUS44

	  	  
	
ABA Routing Number:

	
071000152

	  	  
	
For Credit To:

	
Barack Ferrazzano Kirschbaum & Nagelberg LLP

	  	
Clients Fund Account

	  	  
	
Escrow Agent Contact:

	
Roberta Salas— (312) 984-3112

	  	
roberta.salas@bfkpn.com

 

  

  

  

 

Schedule 2.1

 

Commitments on the Closing Date 

 

	
Lender

	 	
Commitment

	 	 	
Commitment Percentage

	 
	
Bzinfin

	 	$	2,250,000.00	 	 	 	50	%
	
LHSI

	 	$	1,968,750.00	 	 	 	43.75	%
	
GSPSCF

	 	$	281,250.00	 	 	 	6.25	%
	  	 	$	4,500,000.00	 	 	 	100	%

 

Commitments on the Amendment Effective Date 

 

	
Lender

	 	
Commitment

	 	 	
Commitment Percentage

	 
	
Bzinfin

	 	$	4,250,000.00	 	 	 	65.38	%
	
LHSI

	 	$	1,968,750.00	 	 	 	30.29	%
	
GSPSCF

	 	$	281,250.00	 	 	 	4.33	%
	  	 	$	6,500,000.00	 	 	 	100	%

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