Document:

Exhibit
10.21

 

POLYOIL
CONSULTING SERVICES AGREEMENT

 

This Polyoil Consulting
Services Agreement (“Agreement”) is made this 1 day of January, 2000, by and
between South Dakota Soybean Processors, a South Dakota cooperative (“SDSP”)
and Larry Mahlum (“Employee”).

 

RECITALS

 

A.            SDSP
is a South Dakota cooperative engaged in the buying, selling, manufacturing,
processing, and marketing of polyurethane, plastics and resins from oil seed
products (the “Polyoil Products”).

 

B.            SDSP
is also engaged in the buying, selling, manufacturing, processing, and
marketing of oil seeds and oil seed products, including but limited to soybeans
and soybean products (collectively with the Polyoil Products, the “Products”).

 

C.            An
integral part of Employee’s employment is the development of the Polyoil
Products for and on behalf of SDSP.

 

D.            SDSP
desires to continue to employ Employee and Employee desires to continue his
employment with SDSP subject to the terms and conditions set forth in this
Agreement.

 

NOW, THEREFORE, the parties agree as follows:

 

1.             Duties.
Employee shall be employed by SDSP and shall faithfully and to the best of his
ability perform such duties and render such services as may be directed by
SDSP, including but not limited to, the development of the Polyoil Products.
During the term of his employment by SDSP, Employee shall devote all of his
working time to SDSP.

 

2.             Compensation.
Employee shall continue to be compensated for his services at the rate and in
the manner as may be determined by SDSP from time to time. In addition, for
providing services for the development of the Polyoil Products, Employee shall
receive for a period of ten (10) years from the date of the Agreement or until
his death, whichever is the latest to occur, on an annual basis an amount equal
to two percent (2%) of the first $1,000,000.00 and one percent (1%) thereafter
of the “Net Proceeds” from the sale of Polyoil Products. “Net Proceeds” shall
be determined in accordance with the following described computations. All
proceeds of the sales of Polyoil Products shall be deemed to be “Total
Proceeds.” SDSP shall deduct from the “Total Proceeds” the following items with
respect to the buying, selling, manufacturing, processing and marketing of the
Polyoil Products, to arrive at the determination of “Net Proceeds”:

 

A.            All operating
expenses and costs, including but not limited to, research, development and
start-up expenses and costs, and also including an allocation of administrative
and operations overhead;

 

 

B.            The cost of
supplies, commodities, equipment and other property procured or sold for
patrons;

 

C.            The cost of services
performed for patrons;

 

D.            All taxes and other
expenses;

 

E.             Reasonable and
necessary reserves for depreciation, depletion and obsolescence of physical
property, doubtful accounts and other valuation reserves.

 

In the event that the
determination of the “Net Proceeds” is a negative amount for any given year,
the shortfall shall be carried over to future years to enable SDSP to first
recover all of its expenses before paying the additional compensation to
Employee. The determination of “Net Proceeds” shall be completed by SDSP’s
accountants in accordance with the accounting standards employed by said
accounts in preparing the audited financial statements of SDSP. “Net Proceeds”
shall be determined on an annual basis using SDSP’s fiscal year. Payment of
Employee’s compensation, based upon a determination of the “Net Proceeds” as
provided herein, shall be completed within One Hundred Twenty (120) days
following the end of SDSP’s fiscal year.

 

3.             Inventions. “Inventions” means discoveries,
concepts, and ideas, whether patentable or not, relating to any present or
prospective activities of SDSP, including, but not limited to, devices,
processes, methods, formulae, techniques, and any improvements to the
foregoing. With respect to all Inventions made or conceived by Employee,
whether or not during the hours of Employee’s employment, or with the use of
SDSP’s facilities, materials, or personnel, either solely or jointly with others,
during the term of Employee’s employment by SDSP commencing with the original
date of Employee’s employment and for a period of one year after any
termination of such employment, Employee hereby assigns and agrees to assign,
without compensation, to SDSP all of Employee’s rights to such Inventions and
to all proprietary rights therein, based thereon or related thereto, including,
but not limited to, applications for United States and foreign letters patent
and resulting letters patent. At SDSP’s request and expense, Employee shall
execute such documents and provide such assistance as may be deemed necessary
by SDSP to apply for, defend or enforce any United States and foreign letters
patent based on or related to such Inventions.

 

4.             Employee Non-Competition and Confidentiality
Agreement. Employee shall simultaneously with the execution of this
Agreement sign and deliver to Employer an Employee Non-Competition and
Confidentiality Agreement, the terms and conditions of which are incorporated
herein by reference, except that Employee shall be entitled to royalty
compensation notwithstanding the disclaimer of such compensation contained in
the Employee Non-Competition and Confidentiality Agreement.

 

2

 

The parties have executed
this Agreement on the date and year first above written.

 

	
   

  	
  SOUTH DAKOTA SOYBEAN
  PROCESSORS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
      /s/
  Rodney Christianson

  	
   

  
	
   

  	
  Its

  	
   CEO

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   /s/ Larry Mahlum

  	
   

  
	
   

  	
  Employee – Larry Mahlum

  
							

 

3Exhibit 10.44

 

SECOND AMENDMENT TO

SEVENTH
AMENDMENT AND RESTATED CREDIT AGREEMENT

 

THIS
SECOND AMENDMENT TO SEVENTH AMENDMENT AND RESTATED CREDIT AGREEMENT (this “Amendment”)
is made and entered into as of the 30th day of June, 2002, among LANCER
PARTNERSHIP, LTD., a Texas limited partnership (“Operating
Subsidiary”), and LANCER DE MEXICO, S.A. de C.V., formerly known as NUEVA DISTRIBUIDORA
LANCERMEX, S.A. de C.V.,  a sociedad
anónima de capital variable organized under the laws of the United
Mexican States (“Mexico Subsidiary”) (Operating
Subsidiary and Mexico Subsidiary are hereinafter referred to individually as a
“Borrower”
and collectively as “Borrowers”); LANCER CORPORATION, a Texas corporation (“Parent Company”); LANCER CAPITAL CORPORATION, a Delaware corporation (“Lancer Capital”) and LANCER
INTERNATIONAL SALES, INC., a Texas corporation, (“Lancer
International”) SERVICIOS LANCERMEX, S.A. de C.V, a sociedad anónima de capital variable organized
under the laws of the United Mexican States (“Servicios Lancermex”), INDUSTRIAS LANCERMEX, S.A. de C.V.,  a sociedad anónima de capital variable organized
under the laws of the United Mexican States (“Industrias Lancermex”)
(Lancer Capital, Lancer International, Servicios Lancermex,  Industrias Lancermex and Operating Subsidiary, individually, a “Guarantor”
and collectively, the “Guarantors”); and THE FROST NATIONAL BANK (“Frost”),
a national banking association, individually and as agent for the Banks, HARRIS TRUST
AND SAVINGS BANK, an Illinois banking corporation (“Harris”),
individually, and WHITNEY NATIONAL BANK, a national banking
association (“Whitney”), individually (individually, a “Bank”
and collectively, the “Banks”).

 

RECITALS

 

A.               Borrowers,
Parent Company, Guarantors and Banks entered into that certain Seventh
Amendment and Restated Credit Agreement
dated effective June 30, 2000, as amended pursuant to that certain First
Amendment to Seventh Amendment and Restated Credit Agreement dated as of June
30, 2001 (as amended, modified, restated and supplemented from time to time,
the “Credit
Agreement”).

 

B.                Borrower
has requested that the Banks renew and extend the Loans and Commitments and to
modify certain of the covenants contained in the Credit Agreement.

 

C.                The
Banks are willing to agree to such requested change on the terms and conditions
set forth in this Amendment.

 

 

AGREEMENTS

 

In consideration of the foregoing premises, the mutual
agreements contained herein and other good and valuable consideration and
reasonably equivalent value, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

1.                Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein
shall have the respective meanings set forth in the Credit Agreement.

 

2.                The
reference to “$12,923,750.00” in the third grammatical sentence of Section
2.1(a)(1) of the Credit Agreement is deleted and replaced with “$10,186,750.00”

 

3.                The
reference to “$1,900,000.00” in the second grammatical sentence of Section
2.1(a)(2) of the Credit Agreement is deleted and replaced with “$1,300,000.00.”

 

4.                The
reference to “July 15, 2003” in the last paragraph of Section 2.7 of
the Credit Agreement is changed to “July 15, 2005.”

 

5.                Each of the references to “July 15,
2003” in Sections 2.9(a) and (b) of the Credit Agreement are
each changed to “July 15, 2005.”

 

6.                The text of Section 2.9(c)
of the Credit Agreement is herby deleted in its entirety and replaced with “Intentionally
omitted.”

 

7.                Section
6.1(b)(i) of the Credit Agreement is hereby amended to add the
parenthetical phrase “(excluding gains or losses as a result of
discontinued operations in Brazil)” immediately after the phrase “EBIT of the
Companies determined on a consolidated basis.”

 

8.                Section
6.1(g)(ii) of the Credit Agreement is hereby amended to add the
parenthetical phrase “(excluding gains or losses as a result of
discontinued operations in Brazil)” immediately after the phrase “Consolidated
EBITDA for the four-quarter period ending as of the end of such Fiscal Quarter.”

 

9.                Section
6.1(h) of the Credit Agreement is hereby amended to add the following at
the end of said section:

 

	
  1/1/96 through 12/31/03

  	
   

  	
  $

  	
  32,000,000

  	
   

  
	
  1/1/96 through 12/31/04

  	
   

  	
  $

  	
  36,000,000

  	
   

  
	
  1/1/96 through 12/31/05

  	
   

  	
  $

  	
  40,000,000

  	
  .

  

 

 

10.              Section
6.1(i) of the Credit Agreement is hereby amended in its entirety to read as
follows:

 

2

 

(i)            the
ratio of (i) Cost of Goods Sold for the four-quarter period ending as of the
end of each Fiscal Quarter to (ii) Total Inventory as of the end of any Fiscal
Quarter, to be less than for the four-quarter period ending as of the end of
such Fiscal Quarter set out below opposite the period in which such Fiscal
Quarter ends:

 

	
  as of the end of each Fiscal Quarter

  	
   

  	
  2.00 to 1.00

  	
   

  
	
  as of the end of each Fiscal
  Year

  	
   

  	
  2.50 to 1.00

  	
  .

  

 

11.              Section
6.1(j)(a) of the Credit Agreement is hereby amended to add the
parenthetical phrase “(excluding gains or losses as a result of
discontinued operations in Brazil)” immediately after the phrase “consolidated
EBITDA.”

 

12.              Annex
A of the Credit Agreement is hereby deleted in its entirety and replaced
with Annex A attached hereto and incorporated herein.

 

13.              Exhibit
M — Compliance Certificate is hereby amended to incorporate the changes
shown above to subsections 6.1 (b), (g), (h), (i) and (j) of the Credit
Agreement.

 

14.              By
execution hereof, Parent Company also reaffirms and renews that certain
Stock Pledge Agreement executed by Parent Company
dated as of June 30, 2000.

 

15.              In
order to induce the Agent and the Banks to enter into this Amendment, each
Borrower hereby represents and warrants to the Agent and the Banks that, as of
the date of this Amendment, (a) the representations and warranties set forth in
the Credit Agreement and each other Loan Document are true and correct as if
made on and as of the date hereof (other than those representations and
warranties expressly limited by their terms to a specific date), (b) no Default
or Event of Default has occurred and is continuing, except as already acknowledged
in writing by Banks, and (c) no event has occurred since the date of the most
recent financial statements delivered pursuant to Section 5.1 of the
Credit Agreement that has caused a Material Adverse Effect, except as
acknowledged in writing by Banks.

 

16.              Each
Borrower hereby acknowledges and agrees that, to the best of their knowledge
and belief, no facts events status or conditions presently exist which, either
now or with the passage of time or the giving of notice or both, presently
constitute or will constitute a basis for any claim or cause of action against
any of the Banks, or any defense to the payment of any of the indebtedness
evidenced or to be evidenced by any of the Loan Documents.

 

17.              In
the event that any one or more of the provisions contained in this Amendment
shall be determined invalid, illegal or unenforceable in any respect for 

 

3

 

any
reason, the validity, legality and enforceability of any such provision or
provisions in every other respect and the remaining provisions of this
Amendment shall not be impaired in any way.

 

18.              When
required or implied by the context used, defined terms used herein shall
include the plural as well as the singular, and vice versa.

 

19.              This
Amendment shall be governed by and construed in accordance with the internal
laws of the State of Texas and applicable federal laws of the United States of
America.  This Amendment has been
entered into in Bexar County, Texas and shall be performable for all purposes
in Bexar County, Texas.  The courts
within the State of Texas shall have jurisdiction over any and all disputes
arising under or pertaining to this Amendment; and any such dispute shall be
heard in the county or judicial district of the principal place of business of
The Frost National Bank.

 

20.              This
Amendment shall be binding upon and inure to the benefit of all parties hereto
and their respective successors and assigns; provided, however, that neither of
the Borrowers nor any of their respective successors or assigns may, without
the prior written consent of all of the Banks, assign any rights, powers,
duties or obligations hereunder.

 

21.              This
Amendment may be executed in any number of counterparts and by different
parties hereto on separate counterparts, each of which when so executed shall
be deemed to be an original and all of which when taken together shall
constitute but one and the same instrument.

 

22.              This
Amendment constitutes a Loan Document.

 

IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed by their respective authorized signatories to be
effective as of the day and year first above written.

 

	
   

  	
  OPERATING SUBSIDIARY:

  
	
   

  	
   

  
	
   

  	
  LANCER PARTNERSHIP, LTD. limited 

  partnership

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Lancer Capital Corporation, a 

  Delaware corporation, general partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/SCOTT
  ADAMS

  	
   

  
	
   

  	
  Name:

  	
  Scott
  Adams

  	
   

  
	
   

  	
  Title:

  	
  Secretary

  	
   

  

 

4

 

	
   

  	
  MEXICO SUBSIDIARY:

  
	
   

  	
   

  
	
   

  	
  LANCER DE MEXICO, S.A. de C.V., a 

  sociedad
  anónima de capital variable 

  organized under the laws of the United 

  Mexican States

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/SCOTT
  ADAMS

  	
   

  
	
   

  	
  Name:

  	
  Scott
  Adams

  	
   

  
	
   

  	
  Title:

  	
  Secretario

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GUARANTORS:

  
	
   

  	
   

  
	
   

  	
  LANCER
  CORPORATION, a Texas 

  corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/SCOTT
  ADAMS

  	
   

  
	
   

  	
  Name:

  	
  Scott
  Adams

  	
   

  
	
   

  	
  Title:

  	
  Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SERVICIOS LANCERMEX, S.A. de C.V.,

  a sociedad anónima de capital variable 

  organized under the laws of the United 

  Mexican States, solely as guarantor of the 

  indebtedness of Lancer de Mexico, S.A. de 

  C.V.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/SCOTT
  ADAMS

  	
   

  
	
   

  	
  Name:

  	
  Scott
  Adams

  	
   

  
	
   

  	
  Title:

  	
  Secretario

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  INDUSTRIAS LANCERMEX, S.A. de 

  C.V., a sociedad
  anónima de capital variable 

  organized under the laws of the United 

  Mexican States, solely as guarantor of the 

  indebtedness of Lancer de Mexico, S.A. de 

  C.V.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/SCOTT
  ADAMS

  	
   

  
	
   

  	
  Name:

  	
  Scott
  Adams

  	
   

  
	
   

  	
  Title:

  	
  Secretario

  	
   

  
								

 

5

 

	
   

  	
  LANCER INTERNATIONAL SALES, INC.,

  a Texas corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/SCOTT
  ADAMS

  	
   

  
	
   

  	
  Name:

  	
  Scott
  Adams

  	
   

  
	
   

  	
  Title:

  	
  Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AGENT/BANKS:

  
	
   

  	
   

  
	
   

  	
  THE FROST NATIONAL BANK, a national 

  banking association, Individually and as the Agent

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/KELLY
  WEAVER

  	
   

  
	
   

  	
  Name:

  	
  Kelly
  Weaver

  	
   

  
	
   

  	
  Title:

  	
  Vice
  President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WHITNEY NATIONAL BANK, a national 

  banking association

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ROBERT
  BROWNING

  	
   

  
	
   

  	
  Name:

  	
  Robert
  Browning

  	
   

  
	
   

  	
  Title:

  	
  Senior
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  HARRIS TRUST AND SAVINGS BANK,

  an Illinois banking corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/PAUL
  J. RUBRICH

  	
   

  
	
   

  	
  Name:

  	
  Paul
  J. Rubrich

  	
   

  
	
   

  	
  Title:

  	
  Vice
  President

  	
   

  
									

 

6

 

ANNEX A

 

THE FROST
NATIONAL BANK, a national
banking association

 

	
  1.

  	
   

  	
  Domestic Lending Office:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  The Frost National Bank

  	
   

  	
   

  
	
   

  	
   

  	
  100 West Houston Street

  	
   

  	
   

  
	
   

  	
   

  	
  San Antonio, Texas  78205

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  LIBOR Lending Office:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  The Frost National Bank

  	
   

  	
   

  
	
   

  	
   

  	
  100 West Houston Street

  	
   

  	
   

  
	
   

  	
   

  	
  San Antonio, Texas  78205

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Term
  A Commitment:

  	
   

  	
  $5,093,375.00

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Term B Commitment:

  	
   

  	
  $650,000.00

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  Revolving Commitment:

  	
   

  	
  $12,500,000.00

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  Acquisition Commitment:

  	
   

  	
  0

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
   

  	
  Total Commitment:

  	
   

  	
  $18,243,375.00

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
   

  	
  Information for Notices:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  The Frost National Bank

  	
   

  	
   

  
	
   

  	
   

  	
  100 West Houston Street

  	
   

  	
   

  
	
   

  	
   

  	
  San Antonio, Texas  78205

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:  Beth Weakley

  	
   

  	
   

  
	
   

  	
   

  	
  Phone:

  	
  (210) 220-5393

  	
   

  	
   

  
	
   

  	
   

  	
  Fax:

  	
  (210) 220-4626

  	
   

  	
   

  

 

 

Annex A-1

 

ANNEX A

 

WHITNEY NATIONAL BANK,  a national banking association

 

	
  1.

  	
   

  	
  Domestic Lending Office:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Whitney National Bank

  	
   

  	
   

  
	
   

  	
   

  	
  228 St. Charles Avenue New Orleans, Louisiana 70130

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  LIBOR Lending Office.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Whitney National Bank

  	
   

  	
   

  
	
   

  	
   

  	
  228 St. Charles Avenue

  	
   

  	
   

  
	
   

  	
   

  	
  New Orleans, Louisiana 70130

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Term A Commitment:

  	
   

  	
  $1,701,187.25

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Term B Commitment:

  	
   

  	
  $217,100.00

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  Revolving Commitment:

  	
   

  	
  $4,175,000.00

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  Acquisition Commitment:

  	
   

  	
  0

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
   

  	
  Total Commitment:

  	
   

  	
  $6,093,287.25

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
   

  	
  Information for Notices:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Whitney National Bank

  	
   

  	
   

  
	
   

  	
   

  	
  228 St. Charles Avenue

  	
   

  	
   

  
	
   

  	
   

  	
  New Orleans, Louisiana 70130

  
	
   

  	
   

  	
  Attention Robert L. Browning, Senior Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Phone:

  	
  (504) 586-7163

  	
   

  	
   

  
	
   

  	
   

  	
  Fax:

  	
  (504) 552-4622

  	
   

  	
   

  

 

 

Annex A-2

 

ANNEX A

 

HARRIS TRUST AND SAVINGS BANK, an Illinois banking corporation

 

	
  1.

  	
   

  	
  Domestic Lending Office:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Harris Trust and Savings Bank

  
	
   

  	
   

  	
  111 West Monroe Street 5 East

  
	
   

  	
   

  	
  Chicago, Illinois 60603

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  LIBOR Lending Office.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Harris Trust and Savings Bank

  	 

	
   

  	
   

  	
  111 West Monroe Street 5 East

  	 

	
   

  	
   

  	
  Chicago, Illinois 60603

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  3.

  	
   

  	
  Term A Commitment:

  	
   

  	
  $3,392,187.75

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  4.

  	
   

  	
  Term B Commitment:

  	
   

  	
  $432,900.00

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  5.

  	
   

  	
  Revolving Commitment:

  	
   

  	
  $8,325,000.00

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  6.

  	
   

  	
  Acquisition Commitment:

  	
   

  	
  0

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  7.

  	
   

  	
  Total Commitment:

  	
   

  	
  $12,150,087.75

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  8.

  	
   

  	
  Information for Notices:

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
  Harris Trust and Savings Bank

  	 

	
   

  	
   

  	
  111 West Monroe Street 5 East

  	 

	
   

  	
   

  	
  Chicago, Illinois 60603

  	
   

  	
   

  	 

	
   

  	
   

  	
  Attention: Tim Broccolo

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
  Phone:

  	
  (312) 461-2752

  	
   

  	
   

  	 

	
   

  	
   

  	
  Fax:

  	
  (312) 765-8382

  	
   

  	
   

  	 

									

 

 

Annex A-3

 

ANNEX A

 

	
  Address for
  Operating Subsidiary:

  
	
   

  
	
  Lancer Partnership, Ltd.

  
	
  6655 Lancer Boulevard

  
	
  San Antonio, Texas 78219

  
	
  Attention: Chief Financial Officer

  
	
  Phone:  

  	
  (210) 310-7000

  
	
  Fax:  

  	
  (210) 310-7091

  
	
   

  
	
  Address for
  Mexico Subsidiary:

  
	
   

  
	
  Lancer de Mexico, S.A. de C.V.

  
	
  c/o Lancer Corporation

  
	
  6655 Lancer Boulevard

  
	
  San Antonio, Texas 78219

  
	
  Attention: Chief Financial Officer

  
	
  Phone: 

  	
  (210) 310-7000

  
	
  Fax:  

  	
  (210) 310-7091

  
	
   

  
	
  Address for
  Parent Company:

  
	
   

  
	
  Lancer Corporation

  
	
  6655 Lancer Boulevard

  
	
  San Antonio, Texas 78219

  
	
  Attention: Chief Financial Officer

  
	
  Phone: 

  	
  (210) 310-7000

  
	
  Fax:  

  	
  (210) 310-7091

  
	
   

  
	
  Address for Lancer Capital, Lancer International,
  Servicios Lancermex,  Industrias
  Lancermex

  
	
   

  
	
  6655 Lancer Boulevard

  
	
  San Antonio, Texas 78219

  
	
  Attention: Chief Financial Officer

  
	
  Phone: 

  	
  (210) 310-7000

  
	
  Fax:  

  	
  (210) 310-7091

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}]]