SEC Contract Filing

Filing Date: 2015-03-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.74
<SEQUENCE>12
<FILENAME>ex10_74note2amendtotermloan.htm
<DESCRIPTION>EXHIBIT 10.74
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2015 Workiva -->
 <title>ex10_74note2amendtotermloan</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="s6a661b692a944799a3569574b4c6e6aa"></a><div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><br><div style="line-height:120%;text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">EXHIBIT 10.74</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">AMENDMENT TO TERM LOAN AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This AMENDMENT TO TERM LOAN AGREEMENT ("Amendment") is entered into effective November 7, 2014, between </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">TDG OPERATIONS, LLC</font><font style="font-family:inherit;font-size:11pt;">, a Georgia limited liability company ("Borrower"), and </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">FIRST TENNESSEE BANK NATIONAL ASSOCIATION</font><font style="font-family:inherit;font-size:11pt;">, a national bank association ("Lender").</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">PRELIMINARY STATEMENTS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:11pt;">Borrower and Lender are parties to a Term Loan Agreement dated November 7, 2014 (the "Agreement"). Pursuant to the Agreement, Lender made a Loan to Borrower in the principal amount of $4,000,000 as evidenced by a Term Note in that principal amount dated November 7, 2014, payable by Borrower to Lender.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:11pt;">Borrower has requested that Lender make an additional loan to Borrower in the principal amount of $4,330,000 (the "Additional Loan"), and Lender has agreed to make that Additional Loan subject to the terms and conditions set forth herein.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:11pt;">NOW THEREFORE, in consideration of the Additional Loan, the premises above, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</font></div><div style="line-height:120%;padding-left:48px;text-align:left;text-indent:48px;"><font style="text-align:left;font-family:inherit;font-size:12pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Amendments. </font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:left;text-indent:96px;"><font style="text-align:left;font-family:inherit;font-size:12pt;padding-right:48px;">(a)</font><font style="font-family:inherit;font-size:11pt;">Lender agrees to make the Additional Loan to Borrower subject to the terms and conditions of this Amendment.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:left;text-indent:96px;"><font style="text-align:left;font-family:inherit;font-size:12pt;padding-right:48px;">(b)</font><font style="font-family:inherit;font-size:11pt;">The Additional Loan shall constitute a "Loan" for all purposes of the Agreement and shall be entitled to the benefits and security of the Agreement and the other Loan Documents including, without limitation, the security interests, liens and other encumbrances created by the Security Documents. The Guarantors are entering into an Amendment to Guaranty Agreement on even date herewith to confirm that the Additional Loan is guaranteed pursuant to the Guaranty. Borrower and Lender are entering into an Amendment to Deed to Secure Debt, Assignment of Rents and Leases, Security Agreement and Fixture Filing on even date herewith to confirm that the Premises also secure the Additional Loan.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:left;text-indent:96px;"><font style="text-align:left;font-family:inherit;font-size:12pt;padding-right:48px;">(c)</font><font style="font-family:inherit;font-size:11pt;">The Additional Loan shall be further evidenced by a Term Note (Second Loan) in the principal amount of $4,330,000 dated the date hereof payable by Borrower to Lender. That Term Note (Second Loan) shall constitute a "Note" for all purposes of the Agreement. </font><font style="font-