SEC Contract Filing

Filing Date: 2018-01-16

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXHIBIT
10.1</B></FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FIFTH
AMENDMENT TO LOAN AGREEMENT</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
FIFTH AMENDMENT TO LOAN AGREEMENT (this &ldquo;<U>Amendment</U>&rdquo;) is made as of January 10, 2018 (the &ldquo;<U>Fifth Amendment
Date</U>&rdquo;) among <B>INTERNATIONAL BANK OF COMMERCE</B>, an Oklahoma state banking corporation, successor in interest to
International Bank of Commerce, a Texas state banking association (&ldquo;<U>Lender</U>&rdquo;), <B>GREYSTONE LOGISTICS, INC.</B>,
an Oklahoma corporation, <B>GREYSTONE MANUFACTURING, L.L.C.</B>, an Oklahoma limited liability company (together, the &ldquo;<U>Borrowers</U>&rdquo;),
and the undersigned Guarantors, and ratifies and amends (a) the Loan Agreement (Revolving Loan and Equipment Term Loan) dated
as of January 31, 2014, as previously amended four times, most recently by the Fourth Amendment to Loan Agreement among Borrowers
and Lender (as so amended, the &ldquo;<U>Loan Agreement</U>&rdquo;), and (b) the other Loan Documents to which the Borrowers and
Guarantors are a party as described below.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Borrowers
and Lender agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<U>Definitions</U>. Capitalized terms used but not defined in this Amendment have the meanings given to them in the Loan Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.
<U>Amendments to Loan Agreement</U>. The Loan Agreement is amended as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
The following new definitions are added to <U>Section 1.1</U> of the Loan Agreement in appropriate alphabetical order:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Fifth
Amendment</U>&rdquo; means the Fifth Amendment to Loan Agreement among Borrowers and Lender dated as of the Fifth Amendment Date</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Fifth
Amendment Date</U>&rdquo; means January 10, 2018.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Prior
Revolving Loan</U>&rdquo; has the meaning provided in <U>Section 2.1(a)</U>.</FONT></P>

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