SEC Contract Filing

Filing Date: 2016-09-02

Document Content:
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<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>a16-17887_1ex10d5.htm
<DESCRIPTION>EX-10.5
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.5</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Execution Version</font></i></b></p>
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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">GUARANTY AGREEMENT<br> </font></u></b><b>(Term Note)</b></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Guaranty Agreement, dated as of September&nbsp;1, 2016 (as amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this &#147;<u>Guaranty</u>&#148;), is made by the signatories party hereto from time to time, as Guarantors, in favor and for the benefit of Bridger Logistics, LLC, a Louisiana limited liability company, having its principal office at 7500 College Blvd., Suite&nbsp;1000, Overland Park, Kansas 66210, or its registered assigns, in its capacity as the Holder of, and as defined in, the Note (defined below).</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jamex Marketing, LLC, a Louisiana limited liability company (&#147;<u>Company</u>&#148;), and Holder have, in connection with the execution and delivery of this Guaranty, entered into that certain Secured Promissory Note dated as of the date hereof in the original aggregate principal amount of $49,500,000 (the &#147;<u>Note</u>&#148;).&#160; Capitalized terms used and not defined herein shall have the respective meaning assigned to such terms in the Note.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">It is a condition precedent to the effectiveness of the Note that the parties hereto as of the date hereof enter into, and execute and deliver, this Guaranty for the purpose of guaranteeing the Guaranteed Obligations.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each Guarantor will receive substantial direct and indirect benefits from the extension of credit to Company and are willing to enter into this Guaranty in order to induce the initial Holder to extend and/or maintain such extension of credit.</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;1.&#160; <u>CERTAIN DEFINITIONS</u>.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<u>Note Termination</u>&#148; shall occur upon the payment in full of all outstanding Guaranteed Obligations (other than any contingent indemnification obligations for which no claim has been made) payable by Company and/or any Guarantor.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<u>Obligor</u>&#148; means, collectively, in each case in respect of the Guaranteed Obligations, Company, the Guarantors and any other endorsers, guarantors or obligors, primary or secondary, of any or all of the Guaranteed Obligations.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<u>Release Date</u>&#148; shall mean, in respect of any Guarantor, the earlier to occur of (a)&nbsp;the express release in writing of such Guarantor&#146;s obligations under this Guaranty by Holder and (b)&nbsp;the Note Termination.</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;2.&#160; <u>GUARANTY</u>.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;2.1.&#160; <u>Guaranty</u>.</font></p>
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