Document:

First Supplemental Indenture

 Exhibit 4.1 
 FIRST SUPPLEMENTAL INDENTURE 
 (10.50% Senior Notes due 2014)

 THIS FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), is dated as of June 13, 2012,
among Tyson Foods, Inc., a Delaware corporation (the “Company”), the Subsidiary Guarantors (the “Subsidiary Guarantors”) party hereto and The Bank of New York Mellon Trust Company, N.A., a national banking association (the
“Trustee”). 
 W I T N E S S E T H: 

WHEREAS, the Company, the Subsidiary Guarantors and the Trustee are parties to that certain Indenture, dated as of March 9,
2009 (the “Indenture”), providing for the issuance of the Company’s 10.50% Senior Notes due 2014 (CUSIP 902494AS2) (the “Notes”); 
 WHEREAS, $810,000,000 in aggregate principal amount of the Notes is currently outstanding; 
 WHEREAS, Section 9.02 of the Indenture provides that, with the written consent of the Holders of at least a majority in principal amount of the Notes then outstanding (including consents
obtained in connection with a tender offer or exchange for the Notes), the Company, the Subsidiary Guarantors and the Trustee may enter into a supplemental indenture for the purpose of amending or supplementing the Indenture or the Notes (subject to
certain exceptions); 
 WHEREAS, the Company and the Subsidiary Guarantors desire to enter into, and have requested the
Trustee to join with them in entering into, this Supplemental Indenture for the purpose of amending the Indenture and the Notes in certain respects as permitted by Section 9.02 of the Indenture; 

WHEREAS, the Company has solicited consents to this Supplemental Indenture upon the terms and subject to the conditions set forth
in its Offer to Purchase and Consent Solicitation Statement dated June 6, 2012 and the Letter of Transmittal and Consent (which together constitute the “Tender Offer”); 

WHEREAS, (a) the Company has received the consent of the Holders of at least a majority in principal amount of the
outstanding Notes (excluding any Notes owned by the Company or any of its Affiliates), all as certified in an Officers’ Certificate delivered to the Trustee simultaneously with the execution and delivery of this Supplemental Indenture as
contemplated by Section 9.06 of the Indenture, (b) as contemplated by Section 9.06 of the Indenture, the Company has delivered to the Trustee simultaneously with the execution and delivery of this Supplemental Indenture an Opinion of
Counsel relating to this Supplemental Indenture, (c) the Company has satisfied all other conditions required under Article IX of the Indenture to enable the Company, the Subsidiary Guarantors and the Trustee to enter into this Supplemental
Indenture, and (d) as contemplated by Section 11.04 and Section 11.05 of the Indenture, the Company has delivered an Officers’ Certificate and an Opinion of Counsel with respect to the satisfaction of conditions precedent under
Article IX of the Indenture for the execution of this Supplemental Indenture. 
 NOW, THEREFORE, in consideration of the
foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as
follows: 
 ARTICLE I 
 AMENDMENTS TO INDENTURE AND NOTES 
 Section 1.1 Amendments to
Articles Four, Five and Six of the Indenture. 
 (a) The Indenture is hereby amended by deleting the following Sections or
clauses of the Indenture and all references and definitions related thereto in their entirety: 
 Section 4.03 (Limitation
on Indebtedness) 

 Section 4.04 (Limitation on Restricted Payments) 

Section 4.05 (Limitation on Restrictions on Distributions from Restricted Subsidiaries) 

Section 4.06 (Limitation on Sales of Assets and Subsidiary Stock) 

Section 4.07 (Limitation on Affiliate Transactions) 
 Section 4.08 (Limitation on Line of Business) 
 Section 4.09 (Change of
Control) 
 Section 4.10 (Limitation on Liens) 
 Section 4.11 (Limitation on Sale/Leaseback Transactions) 
 Section 4.12
(Future Guarantors) 
 Section 4.15 (Covenant Suspension) 

All such deleted Sections are replaced with “[Intentionally Omitted]”, and all references in the Indenture to the Sections
or clauses so eliminated are deleted in their entirety. 
 (b) Clauses (2) and (3) of Section 5.01(a) (When
Company May Merge or Transfer Assets), are hereby deleted in their entirety and replaced with “[Intentionally Omitted]”, and all references in the Indenture to the clauses so eliminated are deleted in their entirety. 

(c) Clauses (4), (6) and (9) of Section 6.01 (Events of Default), are hereby deleted in their entirety and replaced
with “[Intentionally Omitted]”, and all references in the Indenture to the clauses so eliminated are deleted in their entirety. 
 (d) Clause (5) of Section 6.01 (Events of Default) is hereby deleted in its entirety and replaced with the following: 

“the Company fails to comply with any of its other agreements contained in this Indenture (other than those referred
to in clause (1), (2) or (3) above) and such failure continues for 60 days after the notice specified below;” 

(e) Section 4.02 of the Indenture is hereby amended by deleting Section 4.02 in its entirety and replacing it with the
following: 
 “Section 4.02. Reports. 

The Company shall comply with the provisions of TIA Section 314(a), as applicable.” 

Section 1.2 Amendments to Notes. The Notes are hereby amended to delete all provisions inconsistent with the amendments to
the Indenture effected by this Supplemental Indenture. 
 ARTICLE II 

MISCELLANEOUS PROVISIONS 
 Section 2.1 Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

Section 2.2 Indenture. Except as amended hereby, the Indenture and the Notes are in all respects ratified and confirmed and
all the terms shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound
hereby and all terms and conditions of both shall be read together as though they constitute a single instrument, except that in the case of conflict the provisions of this Supplemental Indenture shall control. 

Section 2.3 New York Law to Govern. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL
INDENTURE. 

 Section 2.4 Successors. All agreements of the Company and the Subsidiary
Guarantors in this Supplemental Indenture and the Notes shall bind their respective successors. All agreements of the Trustee in this Supplemental Indenture shall bind its successors. 

Section 2.5 Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be
an original, but all of them together shall represent the same agreement. 
 Section 2.6 Severability. In case any
one or more of the provisions in this Supplemental Indenture or in the Notes shall be held invalid, illegal or unenforceable, in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and
of the remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be enforceable to the full extent permitted by law. 

Section 2.7 The Trustee. The Trustee accepts the amendments of the Indenture effected by this Supplemental Indenture and
agrees to execute the trust created by the Indenture as hereby amended, but on the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which
terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the Indenture as hereby amended. The Trustee shall not be responsible in any manner whatsoever for or in
respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Company. 
 Section 2.8 Effectiveness. The provisions of this Supplemental Indenture shall be effective only upon execution and delivery of this instrument by the parties hereto. 

Section 2.9 Endorsement and Change of Form of Notes. Any Notes authenticated and delivered after the close of business on the
date that this Supplemental Indenture becomes operative in substitution for Notes then outstanding and all Notes presented or delivered to the Trustee on and after that date for such purpose shall be stamped, imprinted or otherwise legended by the
Company, with a notation as follows: 
 “Effective as of June 13, 2012, certain restrictive covenants of the Company
and certain Events of Default have been eliminated or limited, as provided in the Supplemental Indenture, dated as of June 13, 2012, by and among the Company, the Subsidiary Guarantors and the Trustee. Reference is hereby made to such
Supplemental Indenture, copies of which are on file with the Trustee, for a description of the amendments made therein.” 

Section 2.10 Effect of Headings. The Section headings herein are for convenience only and shall not affect the
construction hereof. 
 [remainder of page left intentionally blank] 

 IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed
as of the day and year first above written. 
  

					
	TYSON FOODS, INC.,
		
	By	 	 /s/ Dennis Leatherby

		 	Name:	 	Dennis Leatherby
		 	Title:	 	Executive Vice President and
		 		 	Chief Financial Officer
	
	CAROLINA BRAND FOODS, LLC,
	 by its member, Tyson Refrigerated Processed

Meats, Inc.,

		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	CBFA MANAGEMENT CORP.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	COBB-VANTRESS, INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	DFG FOODS, INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer

 
					
	DFG FOODS, L.L.C.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	FOODBRANDS AMERICA, INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	FOODBRANDS SUPPLY CHAIN SERVICES, INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	GLOBAL EMPLOYMENT SERVICES, INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	HUDSON MIDWEST FOODS, INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	IBP FOODSERVICE, L.L.C.,
	 by its members, Tyson Fresh Meats, Inc. and

IBP Caribbean, Inc.,

		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer

 
					
	IBP REDEVELOPMENT CORPORATION,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	MADISON FOODS, INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	NATIONAL COMP CARE INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	NEW CANADA HOLDINGS, INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	OAKLAWN CAPITAL CORPORATION,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	PBX, INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	RURAL ENERGY SYSTEMS, INC.,
		
	By	 	 /s/ Rodney Tademy

		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer

							
		 	TEXAS TRANSFER, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	THE BRUSS COMPANY,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	THE IBP FOODS CO.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	THE PORK GROUP, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYNET CORPORATION,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON BREEDERS, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer

							
		 	TYSON CHICKEN, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON DELI, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON FARMS, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON FRESH MEATS, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON HOG MARKETS, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON INTERNATIONAL HOLDING COMPANY,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer

							
		 	TYSON INTERNATIONAL SERVICE CENTER INC. ASIA,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON INTERNATIONAL SERVICE CENTER INC. EUROPE,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON INTERNATIONAL SERVICE CENTER, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON MEXICAN ORIGINAL, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON OF WISCONSIN, LLC,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer
		
		 	TYSON PET PRODUCTS, INC.,
			
		 	By	 	/s/ Rodney Tademy
		 		 	Name:	 	Rodney Tademy
		 		 	Title:	 	Assistant Treasurer

 
					
	TYSON POULTRY, INC.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	TYSON PREPARED FOODS, INC.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	TYSON PROCESSING SERVICES, INC.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	TYSON RECEIVABLES CORPORATION,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	TYSON REFRIGERATED PROCESSED MEATS, INC.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	TYSON SALES AND DISTRIBUTION, INC.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer

 
					
	TYSON SERVICE CENTER CORP.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	TYSON SHARED SERVICES, INC.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	WBA ANALYTICAL LABORATORIES, INC.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	WILTON FOODS, INC.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	ZEMCO INDUSTRIES, INC.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer
	
	CENTRAL INDUSTRIES, INC.,
		
	By	 	/s/ Rodney Tademy
		 	Name:	 	Rodney Tademy
		 	Title:	 	Assistant Treasurer

 [Trustee Signature Follows] 

 
					
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By	 	 /s/ Julie H Ramos

		 	Name:	 	Julie Hoffman-Ramos
		 	Title:	 	Vice PresidentAmendment to Loan Agreement

 Exhibit 10.2 
 AMENDMENT NO. 1 TO LOAN AGREEMENT 
 THIS AMENDMENT NO. 1 TO SECOND AMENDED
AND RESTATED LOAN AND SECURITY AGREEMENT dated as of September 1, 2011 (this “Amendment”), is among NICHOLAS FINANCIAL, INC., a Florida corporation (the “Borrower”), BANK OF AMERICA, N.A., in its capacity as
agent (in such capacity, the “Agent”), and each of the Lenders party hereto. 
 RECITALS: 

A. The Borrower, the lenders from time to time party thereto (collectively, the “Lenders”) and the Agent have entered
into a Second Amended and Restated Loan and Security Agreement dated as of January 12, 2010 (the “Loan Agreement”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Loan
Agreement. 
 B. The Borrower has requested that the Agent and the Lenders amend certain provisions of the Loan Agreement.

 C. Subject to the terms and conditions set forth below, the Agent and the Lenders party hereto are willing to so amend the
Loan Agreement. 
 In furtherance of the foregoing, the parties agree as follows: 

Section 1. AMENDMENTS. Subject to the covenants, terms and conditions set forth herein and in reliance upon the
representations and warranties set forth herein, the Loan Agreement is amended as follows: 
 (a) The following new definition
is inserted in Section 1.2 in the appropriate alphabetical position therein: 
 “Adjusted
Availability” means, at any time, an amount equal to (a) the Borrowing Base determined by reference to the most recent Collateral and Loan Status Report delivered to the Agent without giving effect to the Maximum Revolver Amount
minus (b) the Aggregate Revolver Outstandings after giving effect to any Revolving Loans and Pending Revolving Loans made or requested at such time. 
 (b) The existing definitions of “Maximum Revolver Amount” and “Stated Termination Date” in Section 1.2 are deleted in their entirety and the following
definitions are inserted in lieu thereof: 
 “Maximum Revolver Amount” means $150,000,000.00. 

“Stated Termination Date” means November 30, 2013. 

 (c) The last sentence of Section 4.2 is deleted in its entirety and the
following is inserted in lieu thereof: 
 If this Agreement is terminated at any time prior to the Stated Termination Date,
whether pursuant to this Section or pursuant to Section 11.2, the Borrower shall pay to the Agent, for the account of the Lenders, an early termination fee determined in accordance with the following table: 

 

			
	 Period during which early termination occurs
	  	 Early Termination Fee

		
	On or prior to November 30, 2012	  	One half of one percent ( 1/2%) of the Maximum Revolver Amount.
		
	After November 30, 2012 but prior to November 30, 2013	  	One quarter of one percent ( 1/4%) of the Maximum Revolver Amount.

 (d) The existing Section 9.6 is deleted in its entirety and the following is inserted in lieu
thereof: 
 9.6 Distributions and Capital Change. The Borrower shall not (a) directly or indirectly
declare or make or incur any liability to make any Distribution or (b) make any change to its capital structure, except, so long as no Default or Event of Default then exists or would occur as a result of any of the following, the Borrower may
(i) purchase, redeem or otherwise acquire for cash the capital stock (or any options or warrants for such stock) of the Borrower in an aggregate amount not to exceed $15,000,000 on or prior to September 1, 2012; and (ii) declare or
pay cash dividends to its stockholders and purchase, redeem or otherwise acquire for cash the capital stock (or any options or warrants for such stock) of the Borrower if after giving effect thereto (A) the aggregate amount of such dividends,
purchases, redemptions and acquisitions paid or made during a fiscal quarter would be less than 50% of the Borrower’s Adjusted Net Earnings from Operations for the fiscal quarter immediately preceding the fiscal quarter in which such dividend,
purchase, redemption or acquisition is paid or made, (B) the aggregate amount of such dividends, purchases, redemptions and acquisitions paid or made during the immediately preceding four fiscal-quarter period would be less than 50% of the
Borrower’s Adjusted Net Earnings from Operations for such period, and (C) Adjusted Availability exceeds 20% of the Aggregate Revolver Outstandings as of the date of such Distribution, after giving effect to any Revolving Loans and Pending
Revolving Loans made or requested on such date. 
 (e) The last sentence of Section 9.11 is deleted in its entirety
and the following is inserted in lieu thereof: 
 Notwithstanding the foregoing, so long as no Default or Event of Default then
exists or would occur as a result of any of the following, Borrower may (i) repay Debt (including interest) owing to Peter L. Vosotas and permitted under Section 9.9(d) and (ii) make Distributions permitted by
Section 9.6. 

  
 2 

 The amendments to the Loan Agreement are limited to the extent specifically set forth above and no other
terms, covenants or provisions of the Loan Agreement are intended to be affected hereby. 
 Section 2. CONDITIONS
PRECEDENT. The parties hereto agree that the amendments set forth in Section 1 above shall not be effective until the satisfaction of each of the following conditions precedent: 

(a) Documentation. The Agent shall have received (i) a counterpart of this Amendment, duly executed and delivered by
the Borrower and all of the Lenders then party to the Loan Agreement, (ii) a resolution from the Board of Directors of the Borrower authorizing this Amendment and the transactions contemplated hereby, (iii) a legal opinion in form and
substance satisfactory to the Agent from counsel to the Borrower and (iv) such other documents and certificates as the Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower, the
authorization of this Amendment and any other legal matters relating to the Borrower or the transactions contemplated hereby. 

(b) Fees and Expenses. All fees and expenses of counsel to the Agent estimated to date shall have been paid in full
(without prejudice to final settling of accounts for such fees and expenses). 
 Section 3. REPRESENTATIONS AND
WARRANTIES. 
 (a) In order to induce the Agent and the Lenders to enter into this Amendment, the Borrower represents and
warrants to the Agent and the Lenders as follows: 
 (i) The representations and warranties made by the Borrower
in Article 8 of the Loan Agreement are true and correct on and as of the date hereof, except to the extent that such representations and warranties expressly relate to an earlier date in which case such representations and warranties are true
and correct on and as of such earlier date. 
 (ii) Since the date of the Financial Statements delivered to the
Lenders, no material adverse change has occurred in the Borrower’s property, business, operations or conditions (financial or otherwise). 
 (iii) No Default or Event of Default has occurred and is continuing or will exist after giving effect to this Amendment. 
 (b) In order to induce the Agent and the Lenders to enter into this Amendment, the Borrower represents and warrants to the Agent and the Lenders that this Amendment has been duly authorized, executed and
delivered by it and constitutes its legal, valid and binding obligation. 

  
 3 

 Section 4. MISCELLANEOUS 

(a) Ratification and Confirmation of Loan Documents. The Borrower hereby consents, acknowledges and agrees to the amendments set
forth herein and hereby confirms and ratifies in all respects the Loan Documents to which the Borrower is a party. 
 (b)
Fees and Expenses. The Borrower shall pay on demand all reasonable costs and expenses of the Agent in connection with the preparation, reproduction, execution, and delivery of this Amendment and any other documents prepared in connection
herewith, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Agent. 
 (c)
Headings. Section and subsection headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 

(d) Governing Law; Waiver of Jury Trial. This Amendment shall be governed by and construed in accordance with the laws of the
State of New York, and shall be further subject to the provisions of Sections 15.3 and 15.4 of the Loan Agreement. 
 (e) Counterparts. This Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be deemed to be an original, and all of which when taken together
shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or electronic transmission (including .pdf file) shall be effective as delivery of a manually executed counterpart
hereof. 
 (f) Entire Agreement. This Amendment, together with all the Loan Documents (collectively, the
“Relevant Documents”), sets forth the entire understanding and agreement of the parties hereto in relation to the subject matter hereof and supersedes any prior negotiations and agreements among the parties relating to such subject
matter. No promise, condition, representation or warranty, express or implied, not set forth in the Relevant Documents shall bind any party hereto, and no such party has relied on any such promise, condition, representation or warranty. Each of the
parties hereto acknowledges that, except as otherwise expressly stated in the Relevant Documents, no representations, warranties or commitments, express or implied, have been made by any party to the other. None of the terms or conditions of this
Amendment may be changed, modified, waived or canceled orally or otherwise except in a writing signed by the Agent for such purpose. 
 (g) Enforceability. Should any one or more of the provisions of this Amendment be determined to be illegal or unenforceable as to one or more of the parties hereto, all other provisions
nevertheless shall remain effective and binding on the parties hereto. 

  
 4 

 (h) Successors and Assigns. This Amendment shall be binding upon and inure to the
benefit of the Borrower, the Agent, each Lender and their respective successors and assigns (subject to Section 13.2 of the Loan Agreement). 
 [Remainder of Page Intentionally Left Blank; Signature Pages Follow] 

  
 5 

 The following parties have caused this Amendment No. 1 to Loan Agreement to be executed
as of the date first written above. 
  

							
		 		 	 “BORROWER”

Nicholas Financial, Inc.

				
		 		 	By	 	 /s/ Peter L. Vosotas

		 		 	Title:	 	 CEO

			
		 		 	“AGENT”
			
		 		 	Bank of America, N.A., as the Agent
				
		 		 	By	 	 /s/ Bruce Jenks

		 		 		 	Bruce Jenks                , Vice President
			
	Commitment: $53,750,000	 		 	“LENDERS”
	Pro Rata Share: 35.833333333%	 		 	
		 		 	Bank of America, N.A., as a Lender
				
		 		 	By	 	 /s/ Bruce Jenks

		 		 		 	Bruce Jenks                , Vice President
			
	Commitment: $29,500,000	 		 	Capital One, N.A., as a Lender
	Pro Rata Share: 19.666666667%	 		 	
		 		 	By:	 	 /s/ Paul Rubrich

		 		 		 	Paul Rubrich                , Vice President
			
	 Commitment: $26,750,000
 Pro
Rata Share: 17.8333333333%
	 		 	First Tennessee Bank National Association, as a Lender
		 		 	By:	 	 /s/ Jim Chapman

		 		 		 	Jim Chapman      , Senior Vice President
			
	Commitment: $16,000,000	 		 	BMO Harris Bank, N.A., as successor to Harris N.A., as a Lender
	Pro Rata Share: 10.666666667%	 		 	
		 		 	By:	 	 /s/ Michael Cameli

		 		 		 	Michael Cameli      , Vice President
			
	Commitment: $24,000,000	 		 	Wells Fargo Preferred Capital, Inc., as a Lender
	Pro Rata Share: 16.000000000%	 		 	
		 		 	By:	 	 /s/ William M. Laird

		 		 		 	William M. Laird      , Senior Vice President

 Signature Page to Amendment No. 1 to 

Loan Agreement

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